 Hey guys, this is Hyder from Xtrades and in this video I'm gonna be going over on the market market analysis and then I'll go over the best ticker setting up for the next week So to start off as usual we'll start off with the Hatha indices. So we'll take a look at SPY and QQQ So start off with the weekly chart So as I mentioned before SPY is really extended here, right? We got 1, 2, 3, 4, 5 weeks, 5 green weeks in our row, right? And then this week we finally put in or we finally had our first down week in a while and So far this is completely normal action, right? We got extended and now we're pulling back and that's perfectly normal market behavior. So we want to see If we can hold the previous resistance line, so this is now support So 427 we want to see if we can hold that level, right? As long as we consolidate pull back We can we could potentially pull back more But as long as we hold at 427 level then It should be a perfectly normal pullback But if we start pulling back more than that then that's where we start getting into trouble Right, and then we also have this trend line here that we want to make sure that we're able to hold So ever since this trend line started every single time we touched it we bounced here, right? So first bounce second bounce This time we actually undercut it and then bounced again, and then many bounces here So as long as this trend line holds then we'll continue to be in an uptrend But if we lose this trend line then there's a possibility that we could be going back into a market or a more serious market pullback, but for now I'll say this is completely normal action last week and Yeah, as long as we hold that 427 level, I think we are good But let's take a look at the daily chart. Yeah, I got a really really extended here And now we're pulling back and yeah, like I said before 427 that's a key level and as long as we hold that should be good to go Yeah, but that's pretty much it. Let's take a look at QQQ now So the weekly chart So QQQ same thing as that's PY but QQQ got even more extended right like this one two three four five six seven eight weeks eight green weeks in a row right so QQQ definitely got a lot more extended and We're at a key resistance level 369 is exactly where we are rejected and that's where we are rejected two times in the past Four and then we also got rejected here a couple times, but yeah, this 369 level is definitely very key And now that we made such a big move up eight weeks up in a row We definitely could see some major consolidation right to consolidate for again eight weeks It's possible, but the key for this is that we want to make sure that we we continue holding this Uptrend level their uptrend Right so this is where it started first bounce second bounce third bounce And now we could potentially consolidate consolidate consolidate then bounce again, or we could fall back harder and then bounce So those are two possible scenarios, and then the third one would just be we pull back hard And then we just continue breaking lower, which means that we are back to more serious Pullback and the uptrend would would be broken But yeah, 330 is the first key support level if that does happen, but let me see if I can find more support levels Let me take a look at the daily chart So there was some support at that 348 level we We got extended here pulled back And then bounce back then rejected again and then bounce back off that 348 level so that could be the first support level And it would be an important it would be an important level for the bolts to hold overall tech is still looking the strongest at all the other stocks and Yeah, tech is I still think tech is where you want to be putting your money Thank you QQQ something along a lot stronger than SPY so yeah Now we'll take a look at the big cap tech stocks. So we'll start off with Tesla So Tesla got extended really really extended one two three four five weeks in a row right and it got in and Not just five up weeks in a row, but it made a really big move Made 57% And if you count it all the way to the top of last week that's 67% off the lows, right? So really really big move from Tesla last couple weeks Yeah, look at that move that's insane right and then it got extended and now we're consolidating here And this is perfectly normal action I wouldn't be surprised if this cap got filled and we pulled back to 233. I Think that would be perfectly normal action But that Tesla is definitely still pretty extended here and it's actually building a little flag here So we'll see if that can hold And if it continues to break out or I think I think it's very possible that we break down this time Because we're just so consolidated. I mean we're just all extended and some consolidation would be nice But yeah, we'll see what happens with Tesla Next up we'll take a look at Nvidia And video is so insanely insanely strong really nice breakout. This was a textbook Flag setup and yeah, this was a great trade if anyone took it a really nice break out and now it's making another bull flag here So we'll see what happens, but yeah, that's one sitting up really really nice again And I think there's a good chance that we break out higher But it is also a low back extended and more consolidation would be wouldn't be a bad thing But yeah, yeah, and media looks insanely strong This is definitely a stock that you do not want to short because Institutions have been piling into this thing like crazy. So Yeah, definitely don't try to short the strongest stocks Next up Microsoft take a look at the weekly chart So Microsoft did make new all-time highs, which was very significant Made that last week and then this week is just put in a consolidation bar, which is perfectly normal action This looks completely fine here Let me try not trying So I think what Microsoft needs is just more consolidation And as long as they hold up this uptrend, it should be perfectly fine But yeah, I think I could see Microsoft going sideways for a couple weeks like it did here just some more consolidation wait for Wait for the moving averages to catch up and then we could potentially see that big 345 break out But yeah, really good action on Microsoft recently Next up we'll take a look at Google So Google has been a little bit weaker the last couple weeks it's been building this bull flag here and Hasn't been moving higher like the other text or big tap tech stocks But it's been consolidating nicely here and it's building a nice bull flag, and I think it's ready to go anytime Soon so it just needs to break that 125 ish 125.5 ish level, and I think we could see a good break up from Google but Yeah, definitely still really good action, even though hasn't been as strong definitely so good action from Google and As long as it holds that 119 level that's key right for bulls and we actually did test that last week We got to 119.6 and we bounced back, but yeah, as long as that level holds bulls should be fine on this Next up is Amazon So Amazon's been Amazon's been slowly grinding higher and higher every single week one two three four five six seven eight eight couple weeks in a row now Yeah, not really much to say for Amazon except that it has room to 139 and It's not really that extended so it can definitely still make a big move here Amazon's been one of the slower bovers this year and Although it did get a good bounce. It's definitely not as strong as Things like Nvidia or Apple or Microsoft, right? This is still definitely well below. It's all time high So definitely still a lot of upside potential for Amazon But yeah, that's pretty much it AMD AMD has been really weak the last week. It completely broke down Not broke down, but it broke that 117 level which was a peace report level And then it flushed pretty hard, but I think all it was trying to do is gap flow So we should see a bounce here If that 108 level does not hold then we could see a pullback to 104 But yeah, you want to see if we can reclaim that 117 level If not, then good chance we can just go sideways And if we lose that 108 support level then a good chance we could see 104. Well, yeah, that's pretty much it for AMD Apple Apple has been acting super super well Super strong no pullbacks at all and this stuff I think can just continue to chug along higher It's been holding this up trend really well Making me all-time highs no sellers here and it's just going higher and higher I think the next target would be 190 and Then now yeah, not much else to say really good action on Apple. No one's shorting this thing at all Yeah, it's just been going higher and higher every single day this year really good action and Apple Yeah, next up we'll take a look at Netflix So Netflix made a really strong move off the lows Really nice rally has been holding this up trend really well And I would finally got past that 420 level, which is a major resistance level and now we're consolidating making a little bull flag here So I think it's possible we do consolidate for a couple weeks more or even wait for this trend line to catch up For price to catch up to this trend line consolidate consolidate It's all they then tighten up and then break out, but really good action on Netflix so far and Yeah, next target would be Next target would be that 475 level next up we'll take a look at meta How much to say for meta it's been acting really really well like Netflix really strong bounce off the lows And it's just been grinding higher all year long and then next target would be 295 And it's not too extended here. So it can definitely make that move sometime next week But yeah, that's pretty much it for meta really good action Okay, I think that's all the big cap that sucks now. We'll take a look at some names that have been acting really well recently Start off with CRCT So this name doubled off or doubled Yeah It went up more than double actually almost a hundred fifty percent off the lows here it's a really strong move in just a couple of weeks and Really nice volume bars as you can see on the weekly Really nice accumulation science. So this one is a recent IPO as well. So it has potential it broke the space And now you want to wait for more consolidation more sideways action and see if it can form a tight Bull flag a good risk reward entry and this and this is one that you definitely want to be looking out for because Anything that's doubling in price in a short period of time Means that institutions are loading up into this name. So you definitely want to keep your eye on names like that Next up, we'll take a look at Shake Shack. So this one's a little bit choppier, but it's been acting really well this year Um, so this this is what I meant by choppy action Go sideways a lot, but this one's been grinding higher recently. So I'm gonna keep an eye on this one So building a nice uptrend here And there's just been yes slowly grinding up and up this year a nice accumulation science on the volume Um, but yeah, really good action and let's see if we can make another breakout too But yeah, this one's this is one that you want to keep your eye on it's been acting really well all year long Oh, we'll take a look at ARKK Um, let's go to the weekly So broke this pig base, right that 41 level was the Clear resistance level and that's the level that matters the most right now so We have been building an uptrend off the lows and it's been acting really well so far But we pulled back in pretty hard this week and we want to make sure we can bounce off it Or worst case we pull back to 41 And or 40.8 and we want to make sure that we can at least hold that level and then bounce off again But yeah, that's the key for ARKK here Um, next up we'll take a look at uber Uber's another one that's been acting really well this year again This one's like a shake shack. It's just been grinding higher and higher and we're getting to this 44 level And uh, yeah, we could potentially see a big breakout here, right? So yeah, this one's acting really really well Tining up tightening up and then we could see a big breakout here Uh, really good action from uber. Yeah, I definitely want to keep this definitely you definitely want to keep this one on your watch list Uh, next up Celsius Again, same thing. This was just been grinding higher and higher really nice volume bores. Look at that volume. Look at that volume, right? This one's just uh Yeah, I think really well here And it looks ready to take off once more Uh, this This 150 level has been a key resistance level and if we can take that out Then the chance that we can grind higher and this one. So yeah, just going into all-time highs So yeah, really good action from this one And then one more Mara, so bitcoin has been acting really really well recently uh the last week specifically really nice Uh breakout really nice volume Um Let me remove this So this was the breakout It broke this 10.5 level. It's been trying to break that for a really long time here, right? It's been going sideways and they finally did that an hour back at this uh previous resistance level 12 and now Another resistance level 13 And if we can take that out, there's a good chance that we can continue grinding a lot higher But bitcoin's looking really good. And I think uh, we can make move a much bigger move here So definitely keep bitcoin names on your watch list Um, but yeah, that's pretty much it for this week. Thank you guys for tuning in