 Hey guys, this is how you're from x trades and yeah, we're gonna go with another weekly video this week And yeah, we'll start off with the indices as usual Take a look at spine QQQ So I'll start off with the weekly chart So SPY has been doing pretty well recently last week we did pull back so So so we started out Five up weeks in a row right and then we put in a consolidation bar and then last last week we broke that strong volume Strong move up right and now we're consolidating again, which is perfectly healthy action, right? So there's a very good chance. I said this a couple weeks before But there's a very good chance that we could just consolidate and wait for the trend line to catch up Right because we did get pretty extended off the five up weeks in a row So it would be perfectly normal to see more consolidation and just wait for the trend line to catch up and then get a bounce, right? So I think that's what's happening here And even though we pulled back this week with a perfectly normal pullback and Yeah, completely normal action right nothing out of the ordinary still very bullish and it's just a minor pullback and If you look at the big picture, we're definitely still in a very clear uptrend, right? so I Don't think there's anything to be worried about Overall really good action the next level we want to watch out for is that 4 4 4 level to break if that can happen then the next We have room to 453, but yeah overall the SPY looks pretty good. We'll take a look at QQQ So QQQ same thing right but QQQ is even stronger and it already reached that the 369 level so SPY SPY still hasn't reached that 453 level right but QQQ is already there, which is good QQQ has been showing more strength in general so attack in general this year has been Really strong right and yeah, we're consolidating right below it, and this is actually really really good action We're starting to build a nice bull flag, right? Let me try So we're tightening up getting tighter and tighter And I think there's a very good chance that we could see a big move in the coming weeks or coming days But yeah, we'll see what happens But if we do break down then I think it would be fine as well as long as this trend line holds right this trend line This is what is what is the most important right now? So yeah, we got really extended here right one two three four five six seven eight green weeks in a row So I wouldn't be surprised to go sideways for a bit longer and just wait for the trend line to catch up But yeah overall really good action and both the indices and let's take a look at the daily chart. Yeah Not much to really say Yeah, we've basically just been consolidating under that 370 level So we'll see if that can get taken up But I think very likely that we'll just keep points sideways for a little bit, but overall really good action still Yeah, now we'll take a look at some of the big cap tech stocks. We'll start off with Tesla Tesla also has earnings coming up on the 19th So that's something to watch out for but Tesla has been acting really well. Let's take a look at the daily chart So you got a really nice gap up on Monday and then it's basically just the forming a bull flag This is basically just from the bull flag the past week, which is perfectly normal action So if this bull flag gets taken out, then that'd be a bullish setup and you would be you would want to be buying above that Well that 280 level or if that trend line gets taken out Then you want to be buying and then yeah, we have room to 310 overall really good action from Tesla And yeah, nothing to be worried about. I think if we do go sideways We could see a slow grind down for Tesla and we could fill the gap maybe but Yeah, if the market can't hold up Then I think we can break that trend line and make a quick move up to 310 But yeah overall really good action from Tesla Next up we'll take a look at NVIDIA So NVIDIA has been basically going sideways this week too It tried to break the 432 level twice on Wednesday and Friday, but it failed both times. So that's clear resistance level, right? That's a clear resistance level and we want to see that getting we want to see that get taken out And if we can take that out, then I think we have room to all-time highs again But yeah, we're starting to form some sort of bull flag here as well So we can consolidate for a bit longer and then break out that would be really good action But yeah overall healthy action on NVIDIA. I think we can see a new all-time highs very soon Next up we'll take a look at Netflix So Netflix has also been acting pretty well Didn't really do much this week tried to break out made new 52 week highs and then pull back in on Thursday And on Friday put a consolidation bar in but yeah, Netflix. Let's take a look at the weekly chart So Netflix is also very extended like the QQQ right had one two three four five six six screen six Up weeks in a row. So I wouldn't be surprised if we got more consolidation waiting for the trend line to catch up But yeah overall really good action and the key resistance level is that 447 ish So if we can take that out then the next level would be 475 But yeah overall really good action And I wouldn't be surprised if we did pull back more and just rested for a bit longer And we'll just wait for that trend line to catch up and Netflix also has earnings coming up on the 19th as well So yeah, watch out for that And then take a look at Microsoft It's Microsoft's forming a really nice pattern here, right? So it's making a cup here and that we could potentially pull back and make some sort of handle right if we do that that would be a classic cup and handle pattern, but Right now Microsoft's acting pretty well We made a really strong rally this year right Back to all-time highs and now we've just been consolidating and flagging and we're getting tighter and tighter And this is perfectly healthy action, right? So I think Good chance that we could consolidate for a couple more weeks tighten up a little bit more and then we can see a big break out Or we could pull back and form a the handle part of the cup and handle pattern and And then break out later, but yeah overall really good action on Microsoft as well Next up we'll take a look at Meadow So Meadow has been slow grinding up this entire year this one's crazy, right? This one ever since got that breakouts just been going higher and higher and yeah It's been turning up really really nicely. I tried to break out this week actually, but We close right so that 290 level is clear resistance level and we're currently at that level right now, but Let's take a look at the daily chart So it has room to 305, but I rejected at that 290 level it tried to break out and then close pull out or yeah, it closed it actually closed above that level So that's fine, but I don't like that volume, right? It looked like we rejected on higher volume. So We'll see what happens, but Meadow does have a pretty Tight trend line here, so we'll see if that breaks right that breaks and we could see a bigger pullback But if we continue to bounce off it then easily target is 305, but yeah, we'll see what happens this week Overall still really good action on Meadow as well. Next up. We'll take a look at Google So Google has been going sideways for a while now had really so it had a really strong breakout for two weeks No, and then it's been consolidating and now it's pulling back Yeah, there's not much to say for Google right now It's stuck in bits between this range right 127 and 118 And unless it breaks in either way and it's pretty much just in chop and you can go or it can continue to chop for a while, right? So Yeah, as long as 118 holds I think we're bullish. I think consolidation would be healthy action. That's fine But if we lose 118 that's gonna be a problem and we could see a bigger pullback to 109 But yeah, those are the key levels for Google Take a look at Amazon So Amazon's been acting pretty well here, right? It's been tightening up Yeah, it's been tightening up forming a bull flag No real Direction yet, right? Let me adjust the trend line a little bit So it's still in this trend line So nothing has happened yet But we're getting really tight and that we should see a big move in the upcoming week either up or down We'll see which way it goes. But yeah, Amazon's definitely ready to make a bigger move here And if we do go to the upside then or if we do break to the upside then the target would be 136 and We go to the downside There's a key support level 114 and Yeah, that could be a potential target for anyone that's shorting Amazon, but Yeah, those are the key levels for Amazon Next up we'll take a look at AMD So AMD has been stuck in this consolidation range for the past week So I tried to break 117 failed and I tried to break 111 and also failed for for the bears So we'll see what happens, right? It's right now It's in between this range if we can take on 117 then that's bullish if we lose 111 Then that's bearish and we could see a further drop to 107 and then potentially even lower than that But yeah, those are the key levels for AMD and then Apple So Apple has been insanely strong Right, it's been trending up. It's been trending higher and higher this entire year And if it's putting a consolidation bar on the weekly chart right now on the daily chart You can see that this is perfectly healthy action and that's just building a bull flag here. So completely Healthy action here and we could consolidate for a bit longer and wait for that trend line to catch up I think that'd be good action and I think we could expect that So you have a bit more pullback and then break that bull flag and then make a leg up higher Right and then I think the target for Apple would be the 200 level because that's the psychological level, right? but yeah overall really good action from Apple and Yeah, nothing to worry about for for bulls just yet at least Yeah Now we'll take a look at ARKK see how growth stocks are doing. Let's take a look at the weekly chart So it was building a nice bull flag here and we tried to break out this week but failed and Yeah, we'll see again. So the key level to take out is that 45 level if we can take that out Then definitely very very bullish on growth stocks like square Shopify things like that, right? But yeah, no, that's all there is to say for ARKK You want to see that 45 level get taken out or we could just be trapping around again between that 45 and 40 level But yeah, we'll see what happens overall Pretty good action. I would say Yeah, just more consolidation is it's not a bad thing We're just setting up for things to consolidate more and then get a bigger breakout, right? So Yeah, perfectly healthy action Now we'll take a look at some individual names that have been acting well. So I have three names for this week AI is one of them So AI has been showing a lot of relative strength recently had a really strong update on Thing this was Wednesday. Yeah, Wednesday, and then on Thursday consolidated pretty nicely A lot of names kept down, but this one held up pretty well and then on Friday Tried to break up fail to break out. So the key level is going to be that 40 point four ish level If that gets taken out then we could see a rally higher and the first target being a 44 and then We could see 40. Yeah, the 48.5 level and then 50 and then Yeah, just continue powering a higher and higher, but 40 level is 40.4 level is something that we have to take out first and if we can do that then we can see a lot of momentum Coming back into this talk, but yeah, this one's a fast mover So, you know, definitely keep your eyes on this one on this one because it can offer good opportunities Okay, next up. We'll take a look at Rivian. So this one had a massive massive move last week Yeah, one from $13 to 25 almost a hundred percent move right and yeah and rejected at that 25.8 level, which is a Significant resistance level. So now we want to see if we can consolidate for a couple weeks Form some sort of flag and if we can do that, then this would be a top tier setup to watch, right? Really really nice volume. This is institutions buying for sure, right? so definitely want to be paying attention to this one and Yeah, hopefully we can form some sort of flag and then we can buy it on that flag break out And next up IONQ. So this is another AI related stock cloud computing stock Actually not cloud computing. I think it's quantum I'm not sure what it is, but it's related to AI for sure and Yeah, this one had a really nice Bullish breakout really nice candle here really nice volume and now it's currently flagging so Yeah, it's currently flagging here really nicely. So if we can take out that 14 Resistance level then a good chance that we can break out and continue to power higher. But yeah Definitely have this one on my radar This one likes to make really big moves consolidate for a while and then make a big move again So this one is consolidating pretty tightly right now So definitely keeping this one my watch list and seeing if we can take that 40 14 level out And if we can then I'll be looking to buy but um, yeah, that's pretty much it Yeah, that's my list for this week. Thank you guys for tuning in and yeah, peace out