 Testing testing What's up guys Going on happy Tuesday got some big earnings here today. Oh This morning. We had some I don't think we have anything right now We only have Saratoga after hours, but this morning we have Pepsi That was actually really really good But let's check out the market bubble real quick Guys, hope you guys had a good day today. It was a pretty pretty green in the market across the board until the end of the day Pretty interesting rejection point to On the 48 minute chart it kind of rejected on the 200 SMA right there EMA one of the other So that's a pretty pretty interesting rejection. This could be This could be one of the other chops coming back down again Hard to say honestly either we break through this level and Come back to the top to 443 or we just completely come back down from here Yeah, it's pretty ugly at the end of the day But throughout the day the biggest mover was Netflix at 6% almost 638 hitting all new all-time highs Probably due to everybody being excited about squid games or something who knows And video was up 4% today had a nice little reversal to the upside Who was finding some support starting to move back up as well and Then you know Google Microsoft some of these other boys. They started coming up a little bit. So Market was a little bit More green than usual I guess to a certain extent Um Financials were having a nice bullish day again. So some of the financials at least Mastercar and visa kind of gave up some of the games though. Yeah, that close was pretty ugly. I am In the way, I kind of saw it coming a little bit too because I saw us hitting this 200 over here And I was like man, I hope we don't we jack but It's looking pretty ugly looking like a perfect rejection right now So it could be setting up something like that where you know, if it doesn't break through like let's say tomorrow we wake up right and And spy doesn't break through the high of today, which was like 435 if it doesn't open the like 436 tomorrow It's gonna be pretty ugly. It's pretty sure we're gonna go back to 426 if we don't open above 436 But we'll see time will tell time will tell Today was definitely a good day to exit some of the positions if you were able to be green Then some of the company that was really really beat up today was Haynes brand came back down all the way to $16 Penn Caesars starting to lose the momentum Wouldn't be surprised to see MGM starting to lose them momentum as well That was something we looked at yesterday Real estate still struggling a little bit at least some of the real estate companies So real estate, where's that real estate in the red United Health Services getting pretty beat up, too Let's go over to the Bazinga Yeah, semiconductor to have a good day. I think I feel like Semiconductor mostly had a good day because of the Nvidia kind of carried on this back a little bit Chewy I mean the whole market is dropping spend though You know like what stocks do you know that hasn't been dropping in the last two weeks? It's just tough, but you know some of them ran so much it's getting good pullback has commodity not been dropping I mean look at steel steel as a commodity is getting pretty beat up, right? You know a lot of the other like a lot of the other stuff like copper corn That's true. I like L. I V has been running up for some weird-ass reasons. I don't even know why anymore It's a lot of chops lot up and downs Market and balance today was 295 million to the buy side. Um, was there any crazy news going on today? Let me see just double down spend though. Just double down What do you worry about? It's just a dollar cost average DC a What's the worst that's gonna happen drops 10 more dollars, and then you just buy more if You like chewy, right? You have a pet. Oh No, not not MRK. I was telling spenders to buy back into her chewy Because she loves chewy so much MRMA. That's a good one Somebody from our YouTube channel asked thoughts on MRMA got to check that out Let me add that to the list. We'll check out MRMA. Oh, wow, Sarah Toga reported the earnings They had a pretty good earnings actually, let me see wow this company actually came back to the 2020 highs Slowly been grinding all the way back here. Wow. What a grind Sarah Togo investments reported earnings per share of 63 cents as opposed to 48 cents Sales is 18.44 mil as opposed to 17.27 million This is a 28% increase compared to last year and 31% increase in sales compared to last year Thanks in New York company, too I feel like because I remember buying some some shares of this last year It's like a real estate management company too as well. I think they do a lot of different things But I'm actually surprised to see that we covering honestly I remember getting them like getting them pretty cheap last year And I didn't think they were gonna recover all the way back to this level I mean, obviously don't have any more because I didn't believe in them to make that full recovery But oh well Tesla All right, let's do this. I got you guys TSOA What else PLTR inverted How are you gonna convert it? Just just just make another fun. Just make a separate fun So strangles on chewy It looks very volatile M.U. SDC I got you. All right, let's check out Pepsi Pepsi reported earnings this morning at 6 a.m. EPS earnings per share is $1.70 99 as opposed to $1.73. That's a beat sales is 20.19 billion as opposed to 19.39 billion That's a beat as well Compared to last year. This was a 7% increase Compared to $1.66 earnings per share, which is pretty pretty pretty good considering like last year was one of the best quarters for for Pepsi So that's pretty good considering, you know that they were what's achieved that and then sales is 20.919 billion compared to last year of 18.09 So that's another 11% increase compared to last year in sales. So that is also, you know Pretty pretty big pretty pretty significant Company was trading a hundred forty seven dollar last year right now. It's trading at one forty one 47 times 1.11 Easily easily worth like 160 no way it's like at this price The discount right now huge discount because honestly like Pepsi is one of the few companies that just benefits so much from pandemic Because they they not only sell drinks, but they have snacks, right? They're just such a big company they have everything from like Pepsi, Mountain Dew, Gatorade, Snacks, you know, the Ritos, Lays, Ruffles All that stuff they have like so much different things that and even Quakers, right? So that even you know, even when when people are stuck at home people are buying snacks and watching shows So people were buying like Pepsi products non-stop. So instead of like going downhill last year They actually perform extremely well. So for them to even be able to like Beat last year's numbers That's already pretty amazing in my opinion And then the fact that they were supposed to build two billion dollar more sales and on top of that They think that they would be able to continue to see a full year growth between six to eight percent Right now they're showing, you know Somewhere between eight to twelve percent growth, but they think they they see at least six to eight percent. So That's pretty bullish on the company. I mean even if the company was growing at six percent And we take the price of last year at 147 right times 1.06 Easily at least worth $155. I don't see why not. I mean unless the market starts like Crashing 20% downhill. I think this is a huge buying opportunity at the current price point bullish on Pepsi Exactly Jawah 5.63 is right Amazon I got you. Oh, yeah, I saw Kellogg's got beat up mid afternoon So in this afternoon it says Says Kellogg share fell to session lows amid reported workers at all of companies US cereal plant have gone on strike Damn, what's next boys? We're gonna get a cereal shortage Next thing, you know people people won't have cereal first go anymore. Huh? Who eats cereal anymore, man Let's start looking into the tickers. Let's check out MRMA Yo, you guys really eat cereals? for breakfast Honestly, man, I Like you can't even get me to eat cereals because I don't know why it's just so sweet, man Like once you get rid of like once you like get into habit not eating sweet stuff and you eat sugar Like if you ever eat cereal by itself. Oh my god, it's just so freakin sweet Like it rodents your teeth, man. That's why I can't like I Just like I don't know can't do show you It's just too sweet for me You have traded 2019 from our YouTube channel says Long of you guys in a day training full-time without a day job. Oh, I mean we have a so we have a whole Whole discord channel here. We have a lot of analysts and and you know, everybody's a little different some of us You know Do do consulting on the side some of us do full-time and some of us do a mix of both So it varies man. It varies depending on who you're asking MRMA looks pretty interesting on the daily side On the one-day chart. So last time I drew this was when it was before it got added to the S&P 500 and And Like and we had this big break above You know kind of like broke out of that that means that range over here and we went crazy on MRMA so it's finally started coming down We got the hundred SMA right here Which could possibly bounce at around the 304 level actually I think even it touched 305 today and had a pretty nice bounce Touched 305 and had a huge bounce there If it continues to stay above 305 or 304 This could be the beginning of the reversal to the upside right Looking at how things work Let's check the half-day chart So if it remains above that 300 Level it would be the reversal to the upside But if it gets below that I Think we can at least touch like 270s It's hard to say man. It just the stock moves so much. It's so wild It's pretty risky Dickey to play. There's no real catalyst left I mean got earnings coming up next month a lot of the stuff that they've been saying has already been priced in Plus MRK could potentially take a lot of business from them So there's a few there's a few things going on that, you know, they could affect them be big time So on the technical side, I would say if it holds this 305 level you're good under 305 hella bearish Under 305 bearish for ingredient is sugar. Oh, man I also have problem with oatmeal to hangi So, you know how like everybody always say that oatmeal is super healthy and if everything right and they do a really good job of Marketing oatmeal as well. That is like one of the most like Healthiest breakfast out there, but then But then like if you ever look at the content oatmeal, it's actually very very high in carbohydrates so it depends on how Everybody is a person for me if I eat oatmeal and that milk in it as well I tend to get like a carb overload really fast because it's like, you know, it's it's processed carb too So I get I get hit with that carb really fast and actually start falling asleep So I can't really have oatmeal either. It's so tough man to find good breakfast. Honestly Let me show you. Let me show you guys if you guys want You guys want Low carb. Let me show you. Let me show you man. I was talking to my boy youngbo today and So if you guys like this is like this is key right now This is what I found to be like like one of the best breakfast lunch ever it's Mission has this car balance wrap where it has only like four grams and that car has like 15 grams of fiber and like the it's like a tortilla, right and It's like 70 70 calories and then you I just the super basic to make you just throw a piece of turkey on it Throw some lettuce. It's like lettuce has almost no calories, right? Throw a piece of turkey throw a piece of lettuce and you got a hundred and fifty calorie breakfast with You know, even though it says 25 grams is actually only net like five grams And then you get like four grams of fat 16 grams of protein plus 15 grams of like fiber Which is probably the most fiber you can get from any food. Oh actually Arby and Nicko, um Cream of wheat is the shit. I actually used to love cream of wheat That was one thing that that I would like. I don't know why But I could never make it right. It only tastes good when I buy outside My college used to have it, but whenever I tried to make it myself it tasted nasty Cream cheese sandwich a good college days, man. He's have like a cream cheese bagel So we just looked at Moderna. We're looking at Tesla next You know Tesla have that really good news on Monday huge gap up Coming back down and it's struggling to really break above that resistance So it's looking a little bit weak. Actually, let me look at the half-day chart VWAP traded from our YouTube site If you want to check out Moderna, let's check out here So I posted it So I said if it as long as it remains about 305 pretty bullish on the 305 is very bearish So I'm just taking a look at Tesla from multiple angles On my Bollinger band. I also drew Tesla on this uptrend resistance line as well It's not perfect, but it looks pretty it looks like it's been Pretty pretty close on point. So if you look at Tesla So if you look at Tesla from like the last few months, right? it's it's gotten this uptrend I drew this uptrend line from July and Kind of every few every time it has hit that uptrend line that the line on top It has rejected it pretty well And then coming back to test the middle of the 200 moving average on my 48 minute chart So it just hit it again on Monday, right? And they really struggled to break through. So we came back down and coming back a little bit It's it's in the middle of the range right here. So it's really really hard to play So I would say, you know, the ideal way to play would be see if you can get an entry around 758 if you're bullish, you know a way for it to come back for that bounce if you're bearish You could try shorting it there, but Since it's in such in the middle of the range right now It's not something that's like easy to play because it could really go eat eat the direction here And Tesla is just one of those stocks that chops a lot, too, you know, but based on the news, I mean, I Mean, they had really good delivery numbers They they blew expectation naturally it should go up a little bit more But at the same time if you play, you know, Apple earnings or Apple product event news You know that a lot of times is sell the news You know So there's that I don't really draw wedges unless I can draw like a perfect line on the bottom side So there there is no perfect line the bottom side. There was a prior which here before but you know, this broke out So it became pretty bullish So this is just you know, this is just strictly the top side I didn't draw the bottom side because the bottom side is in the perfect line So I don't I don't draw unless it's a perfect line the bottom side because I It's one of my pet peeves like if if if the line isn't perfect on the bottom side, then it's not It's not viable to trust it, you know So like you can technically it's like you draw something like that But you can see like over here broke through it. So it's not like super trustworthy So I mostly we're just I would just strictly look at it for this top line for the rejection For the target. So like if you want to go long on Tesla, right? Let's say you want to go long Tesla The top side could be one of the areas you're looking to take profit at that's pretty much it and then you know The middle line over here is where you can look up to me. So I hope that helps on Tesla Let's check out PLTR next. Wow PLTR came down a lot Hit like $29. Holy smokes Yeah, I remember last month. We had a lot of people that was asking about PLTR 823 million contract. Holy smokes. Oh wow, it's up to $24 right now Yo, it was do it was do for that bounce So last time we looked at PLTR was around 21 to $24 range We were looking for that breakout move this cup and handle set up And then as you can see we got that cup and handle set up Came back down broke out a little bit and then market got really bad market got really ugly We never made it to that $31 area. So it kind of came back down a lot Came back down a lot. So now that is making that move to the upside. I would say it's pretty bullish again We could look for the next price target at 27 There were some there were some other bearish news too on on PLTR the last few days I think they lost some other contracts as well So it's been it's been iffy, but The algo liked it found some support in the RSI here as it hit zero 2487 is also resistance too. Yeah, that's what So that's a hunger you're saying as well. Oh, let me let me send you the link for our membership plans So VWAP trader was asking on our YouTube channel. It's like how much those are trade room costs and if it was worth it So that's that's the link to like the prices and stuff And if you get like the lifetime membership, you get the one-on-one tutoring as well I want on one mentoring and some of the other miscellaneous tools and things that we have But PLTR looks good Ideally 22.50 would have been the perfect entry But It looks like it's already moving to the upside setting up the reversal So we could potentially see a nice move back to the 2728 Maybe I'll get back in tomorrow MU Who asked about MU man? Hate this company be right back. Let me get some water. I'm just kidding. Just kidding man Which we respect all company equally So I'm you have some support coming up a little bit around $69 range Did we hit it? I don't think we hit it yet the lowest has been like Well, yeah, then we did hit it a little bit 69 63 but Just wait on it. I don't think it's ready yet Wait till the market stabilize, you know, this could be a huge reversal set up here like it did last time right but I don't think the market. I don't think the market is setting up yet So wait for some confirmation. I'm looking at the half day chart right now. We don't have any green candle yet So at least wait to see if we get some green candle for some confirmation to the upside But if you're bullish, if you're bullish, you know, um Trading is 70 If you want to be really really bold and you want to like, yo, let me let me risk it You know risk it for the biscuit you could take some 74 dollar calls I think we can come back to that range 74 dollars is pretty reasonable. It's only a few dollars Um, but I probably say go a month out, man You know, because you never know how long this is going to take it could take at least two weeks So a month for that move to happen to 74s So that's a possibility. It's actually it's actually looking pretty interesting We should check that we should check back on this on like friday and see see what move it has yet Keep that on watch for sure Sure hbo h2o beer go for it, man sdc So sdc had a huge run up last time um smile at the recs Because it was being short squeeze So short float is now at 32 88 percent again based on the last report which If you're looking to if you're looking for a short squeeze play That's what you want to see You know, you want to see you want to see that you want to see a high float like that high short interest So that it has potential to squeeze to the upside So last time we looked at it. It was like around here. It was around six seven dollars I was expecting it to come back to the 770 range and for it to come back down from there But obviously that didn't that didn't hit So i'm going to draw this line a little bit lower. So this way we have better expectation for this time so If you're getting in at this um At this 570 580 dollar range Probably look for the dollar move to 670s if you think you're going to get that squeeze and it's going to You know make that big move to the upside That's probably one of the safest and exits out there if you if you're looking for a quick easy money and safe exit So that's based on the trend line that it's been rejecting off on the top side. So is that 670s? So that's small direct hope that helps so spy So what I pulled up right now is the es which is s and p futures Um, this is just a different variation of spy with x is zero on top of it So right now this is at 4336 um Spy is at 433. So if you just take out that last number you'll get pretty close. So that's spy number So just for for people that aren't familiar with futures and and what it means It's just it's just adding an extra, you know zero on the end here So if you just take, you know that current price of 433 4336 Take out the six the last few you get this It's usually pretty close in that sense but I I look at the futures chart more because it's it's um The futures is open like 23 hours in a day and The the moving averages and other stuff are more accurate because of that. So that's why I looked at it um, but based on today, I talked a little bit at the opening in the stream that Based on the way the yes looks if you're bearish and and you're looking for opportunities short the market or hitch the market This would be the spot today around 2 o'clock at 435 That would have been the spot to short it start put position um Because that that was a that was a huge resistance line here a little bit um, and then also kind of the resistance line also kind of aligned with the line from the other day on the October 3rd, um, which Which was sunday So kind of aligned with that same line on sunday as a possible short-term double top there as well, right? So But technically Um, we also have a short-term double bottom here set up too, right? We also have a technical short-term double bottom setup If so that means if we can break above we're extremely bullish If we can break above this middle the the middle of that that w It's extremely bullish if we can't break above it. It's pretty bearish. It would have to set up another triple bottom What's the point of the futures? I mean It's like it's just like calls and contracts like that. It's just a way for for like hedge funds to hedge And things like that the the futures contracts. They usually trade it every like they usually have an exploration of every three months Um, and they they go in multiples of like tens to hundreds depending on which ones you're if you're putting it with so it I think it mostly started as a way to hedge But now is a pretty common way for people to trade it just like how people are trading spies now people are trading futures more Um, but the other thing with futures that it's a little bit easier to trade because It's it's open like, you know, 23 hours in a day. The only time is close It's like I think between five to six or something like that And and other than that it's mostly open. So if you're interested in playing the market If you're interested in marketing direction on the market you could play it And sometimes bad news and things like that you want to be able to access the market when when bad news happened so like Something like 2018 where we had a lot of trade warring news Um, you were able to buy the dip in the futures, you know, whereas you couldn't even buy the dip in the spy market but naturally though, um futures contracts are speculative derivatives So just like how when you're buying a call, you know, say say you want to buy a call for spy, right? And and you think it's going to go back to like let's say 440s Right, you're buying the call for end of the week for 440s. You're speculating that you think is going to come back to 440s So it's that same contract that same. Um, that same concept of speculative speculative investments So they do that with corn they do that with like lumber all these other stuff oil and and everything else It's how like where they think the price of these product is going to go by by the time But now it's become so liquid that You know, it's not really like a future speculation anymore. It's more of like a At-the-moment speculation now So that's for spy. I hope that helps Um for some of you guys that are new If you're Interesting checking out the charts I posted that we just put it for you. It's over here. Check out the link Here's my eat tomorrow. This rate is looking like let's check out amazon as well um because amazon could be an interesting Deciding factor as well Okay, okay amazon's looking pretty interesting here actually whoa Who asked for this amazon man? So here's something interesting right tricky turkey. Thanks for having us look at amazon, man So here's something interesting um The s and p 500 is the holding right it's index right that holds like a many other companies. So In the way I talked about how Um, if you guys hear the other day in the way I talked about how s and p 500 could be like the weather It could be the environment, right? Um, if you're if you're trying to trade stocks, you should look at what direction it is and And how like the co-environment is doing but at the same time Um, somebody these tickers like amazon and apple They make up such a big part of the index that they sometimes could determine the direction as well So if you if we see a really really bullish setup on amazon um Kind of like right now, you know, it's holding this support area really really well here, right? Look at that. That's One of the first times we hit that bottom Um at the 31 80 dollar area. So I think time hawk alerted entry to yesterday. What a great entry, man um So around this is the first time it hit it was around august 20 um, we touched that range But we have touched that range actually in july and june as well um, so that this is a like Three four times the support's been used multiple times um And then we just touched it again yesterday We came down and we had a perfect bounce off that right so in order for something to be the support um And and the whole concept support is paying for to back it up, right? so As you can see it hit that that 31 80 dollar area Um, and it just bounced perfectly, you know, just kick right back up So that's that's what we want to see if you want to see if you want this line to be the support You want to see that bounce off you don't want it to break under because if we broke under we wouldn't embarrass So this this is a pretty good setup right now setting up the double bottom a little bit. Um kind of like the market And if we can you know continue to move above here um You know at the directions moving right now it it looks like it could you know ideally move up Yeah, but you know hawaiian beef a lot of times weekly makes up the Makes like daily makes up the weekly so sometimes looking too far in the weekly Um, you know, you might get too confused just like how right now I'm looking at the intraday chart For for the reversal setup whereas the daily chart. I don't see the reversal set up yet, right? Um, and then the same thing on the weekly if you're looking at the weekly You know, it's it's it's tough. You got to watch the daily So the weekly we have like a moving average here Um, you know, you could be looking at the tops here. There's so many different ways to look at it They all depend on where you think the direction of the market is going to as well I mean look at um look us look at yes on the weekly Isn't that like one of the worst setups out there right now? Like how tell me how you don't see you don't see us going to to 35 in the weekly Tell me how So don't don't get caught up too much on the weekly man But so far Amazon looks pretty interesting if we can open above today If we can open above today's closing price and remain above it That that would be continuation to the upside as long as we stay above 32 50 tomorrow. I think we we got that confirmation to the upside If amazon can pull that confirmation to the upside it could probably carry S&P 500 on his back as well But we'll see we'll see you got to see how market opens tomorrow to to really see that direction So I like it amazon has a pretty good setup there Let me check out apple while i'm at it Indeed man Apple's got a nice little reversal setup too So a lot of things are looking good. Um, could even see inverse head and shoulder here possibly um One side of the shoulder Right and then If this is the head Coming back to 145 maybe even a little bit higher and then we can set up the other side of the shoulder Coming back to all-time highs, baby Why not? Netflix is still moving up like crazy um, facebook finding a little bit finding a little bit, um Find a little bit buying demand today, so But facebook is at the resistance though So that's the that's the line that last time bounced at now that it's under it. This is now the resistance So it needs to get above 335 tomorrow for facebook to be kind of bullish Um Microsoft's already sitting at the reversal as well, but didn't drop that's hard So it's got some mixed signal here for sure um AMD looking interesting too I'm testing the top of the trend line So we're really expecting it to break above, but Maybe you don't want to do it How did I miss this? What's going on? Why is it not showing up? So here's another interesting one for you guys if you guys want to buy the dip if you guys are bullish on the semiconductor sector Um, this is pretty cheap right now. O. L. E. D um Universal display corporation this company was trading at 220 dollars um in january of 2020 And right now it's 168 way below that price point um, it's at a really good really good level Dating back to september of 2020 and june of 2020 this um $167 range here if this starts to reverse we can see some big upsides upsides O. L. E. D Could be interesting lotto play actually huge potential to the upside If market is bullish Oh tilray. Oh I think tilray has earning this week, right? Oh god, don't do it man. Don't do it Don't do it You know every time tilray has earnings It has flop like the last few time it has earnings is flop pretty hard Recent reward is not on your side, buddy That's tilray upside move could be you know, 1160s. It's 1109 That's a tiny move, man Why nastinate why? Don't do that to yourself Indeed I think I might have to add some positions in my mj etf at the moment Ah Tilray, man They have some good news today though. I think let me see I'm pretty sure uh, I thought I saw somewhere that new york has some good marijuana news or something Oh, this is tilray shares spikes higher new york's cannabis control board holds the first meeting Dun dun dun Seven seven most hated stocks on wall street that are actually hidden gems Trows man this guy's such a trows For example, a stock might be hated because his fundamentals are deteriorating Or factors outside of a company control are set to negatively affect the business in these situations You can find yourself catching a falling knife Find a dip on what looks like a cheap stock only to see it drop even lower Wish.com AT&T nano dimensions 3m Alibaba this bath and beyond cgc Oh, man, what an article But yeah, that's pretty much it for today. It's five o'clock But in the year we back tomorrow around four o'clock Um, we'll talk about some more of the other earnings and everything else Thanks guys for stopping by and hanging out and have a good night