 Hey guys, this is Hyder from Xtrades and in this video We'll be going over it on the general market and the best-looking names for next week and any general teams in general To start off. We'll take a look at the indices as usual We got the SPY chart pulled up right here and yeah, let's start looking at it Take a look at the weekly chart first So first thing the The uptrend has definitely been broken But we are getting a really we formed a really nice hammer candle this week And we were able to close about that 427 level, which is very very important So there's a very good chance that we could bounce back here But the uptrend is still broken So there is going to be a lot more work that has to be done But this is really good first step really nice hammer candle on the weekly chart. So Yeah, that's a big positive and holding that for 27 levels a big positive Let's take a look at the daily chart and Friday is what really saved us So it's pretty much a To start the week to start last week We just pulled in pretty slowly slow grind down and then consolidated for a couple days then Friday was an expansion board and we were able to break the mini Downtrend that has been forming the last couple days. So that's a very good positive but now we have to see if we can get followed through and Potentially make a rally back up to that 432 level that would be like the first level of resistance and then consolidate for a little bit and then potentially Move out higher right so that would be a very good thing For both but yeah overall the market looks okay But we really want to see that 432 level get taken out next week Then continue to push up But yeah good start to the reversal and really nice weekly hammer as I said before And we'll take a look at QQQ Tech has been holding up a lot better to collect the weekly chart first Yes, so tech definitely has been holding up better and That's a really nice undercut reverse reversal. So we undercut the previous lows Last last week and then this week we ended up reversing. So really nice action And we're able to close about that 361 support level. So that's a resistance level. So that's good That's a very good positive So if you were consolidating under the this level for quite some time tried to rally rejected Tried to rally rejected we can solve your this was more consolidation But and then on Friday, we finally broke out And we got a strong close and we did that with good volume So very bullish exit very bullish action on tech names in general so a tech could potentially be ready for another leg up here and Yeah, next and we were able to fill a gap. So that's another very good positive and Next level of resistance is that 370 level and then if we can get back above that Then 382, but let's go back to the weekly chart. See if I missed anything Yeah, and on the weekly chart looks like we're starting to form like a longer-term bull flag here potentially not sure how that how that will play out, but Yeah, that's another potential scenarios overall the market still does look really really good If you look at the longer-term picture, this looks like one big bull flag, right? So, yeah, we'll see what happens, but overall really good action last week Now let's take a look at the big cap tech stocks to start off with Tesla Go to the weekly chart All these lines So Tesla is forming a pretty nice flag here Yes, the Tesla is forming a pretty nice flag it could use a couple more weeks Consolidation tighten up a little bit more and then break out But yeah, overall Tesla looks pretty good here and then on the daily chart We are really nice up here Monday Forming a little mini flag here and if we can take that out, there's a very good chance that we could make a run up to 275 ish think yeah 275 And then after that then that 300 level and if that 300 level gets taken out Then there's a very good chance that we can make much bigger moves, right? But Tesla looks pretty healthy here Yeah overall looks pretty good There is some resistance at that 261 level so if we can take that out that would be Really good, and then we could see a move back up to 275, which is what I'm looking for next week Next up Apple Take a look at apple on the weekly chart first So Apple definitely broke that up trend with us quite some time ago now, so I'm gonna remove this line There is a downtrend line forming here, and we could potentially break that Yeah, this could also be one big bull flag like I drew on the week or a weekly chart of the QQ Q Same thing for Apple right this could all be one big bull flag and If it breaks that bull flag, then we could be ready for the next leg up. Let's take a look at the daily chart Apple was showing nice relative strength all week long Yeah, then give back any gains and had a close green every single day this week or last week So that's really good. And if Apple can take out that once many some level next to next Resistance level would be 181 But yeah, overall Apple does look pretty healthy here. It's just consolidating right now It's stuck between this range, but yeah one seventy seven level gets taken out 181 is the next target Next up Amazon And move this bit Take a look at the weekly chart here Let me draw some levels quick So Amazon also did break its up trend line quite some time ago now, but Amazon is holding on to that one twenty six support level pretty well. So that's a big positive there Yeah, and if we can bounce off that one twenty six level the next level Resistance would be one thirty three and then after that one forty one. Let's take a look at the daily chart Yeah, Amazon seems to be forming a very tight flag here on the daily. So this could be a good trade opportunity Couple more days of consolidation and then it could make a big move to top side or down side But yeah, Amazon looks pretty good here for a short term expansion move Next up we'll take a look at Google Google very strong It looks like it wants to make new 52 week highs and it looks like it wants it wants to take out that 140 level and then make a push up to 144 But yeah, Google looks really good here one of the one of the stronger pickup tech stocks Um, yeah on the weekly chart. I'm seeing the same exact thing if we can take out that 140 level Which Google looks like it wants to do then good chance that we'll see 144 very quickly Next up Netflix Netflix also broke the up trend line and this week got a little bit of a bounce, but not too much Netflix has been just slow grind slow grind lower Every day for a while now, but it did break that downtrend today. So that could be bullish Levels I have for Netflix. Let me draw some so there's definitely some resistance around that with 384 level So if that can get taken out, there's a good chance Netflix could make a move back up to 420 And that would actually be a very good risk war trade. So now this could potentially be something to watch out for next week Um, yeah next up in media Media looks really good here. It reclaimed its uptrend Initially tractor reclaiming here, but rejected and then they finally reclaimed today Around Friday, but really good action reclaimed a 452 level as well. Really good action Next level would be 480, but yeah, India is definitely the strongest stock in the market right now No debate and this is where you definitely want to put your money All right, this is definitely where you would you would want to put your money if you're looking into like big cap tech stocks Yeah, next up Microsoft Microsoft had a nice bounce off 309 and Has resistance at 325 and it took that out on Friday. So really good action there and next level would be 344 Let's take a look at the weekly chart I'm seeing the same thing here. See a Bull flag here forming if you can break out if it can break that downtrend Or yeah, if you can break the bull flag or downtrend Then there's a very good chance that Microsoft can explode and make another leg up higher for really good action here as well next up meta And I had meta has had a killer year so far insanely strong rally and it took out that 306 level which was a really significant resistance level and Now it looks like it has clear skies to 325 and then after that 350 metal looks really really good here Yeah, whoa Like I was saying before had a lot of resistance around that 306 area and I finally took that out on Friday And if you can form a bull flag, then this would be a top watch next up a and the So AMD looks like it's finally starting to break its downtrend here This has been forming for quite some time now. So this is really good action from AMD and it's finally back in play So let's take a look at the weekly chart You know AMD finally broke that downtrend. So this one can Can I've had this one has a lot of potential here now, and I think it can make a really big move First target would be around that 122 level and after that we can get back to U52 we ties which is around the 130 level but AMD looks really good And this will be a top focus name for me in the coming weeks since I finally broke that really long downtrend line And now let's take a look at era KK see how growth stocks are doing These So here KK definitely broke its uptrend and this week to form the hammer so that is a positive But let's take a look at the daily chart It looks like it's trying to form a bottom here Potentially, but still really weak action needs to reclaim that 42 level ASAP for it to like start building a trend, but I Would say next level of resistance would be that 40 level so if it can take that out That would be bullish, but overall here KK still looks really really weak here So this would definitely be an avoid for me Now let's take a look at some stocks that have been performing well recently So PDD is one name that had a really really nice breakout This was a plus setup, but I avoided it because it was a China name So it's a riskier, but this was a really nice flags up and really strong breakout on Friday And if you can Consolidate for a little bit or from a bull flag and pullback then this would be a top watch next up crowd strike so software named software names and Cloud names have been acting really really well so far. There's recently So crowd strikes been acting really well so far since 2023 It formed a nice base here and then broke out and then it retested a couple times from another mini base here And then broke out again on Friday and this was a really big bar for crowd strike Only doesn't make seven percent moves, but yeah, this was a really big day so on the weekly chart starting to look like it's ready for a bigger rally and Yeah, this one looks really good and has no resistance to that the 195 level. So this is definitely a top watch Palantir another software name that's been acting really well So yeah, Palantir has had trouble with that 15.85 level It took that out last week, but then rejected again and now it finally closed strong above that level So this is really good Next level would be that 17 the resistance level And if you can take that out then ready a chance that we could see a move back up to 20 dollars a lot of potential in this Name, so definitely keep this one on your watch list. But again software names have been acting really well and One more software name Palo Alto Networks There's one had a really nice flag set up here and then broke on Friday. This one looks like it can Has room to make new 52 week highs first resistance level 255 here 254 255 and then 258 and then it can make New 52 week highs but like I said before software is the new theme here and a lot of these software names have been breaking out So they should definitely be top watch Brt another tech related name This one had a really nice breakout on Friday and it looks like it wants to make new all-time highs It would potentially be good spot to add if you already have a position on that 42 40.25 level So it's definitely a top watch Next CLS last but not least the CLS CLS had same volume so weekly Chart really big volume right this is definitely a sign that institutions are buying and You definitely want to pay attention to the stock because yeah This dog has been acting incredibly strong ever since that gap up. It's been forming a nice flag here from the nice flag over Over here Over here And then it broke out from the another nice flag here broke out other nice flag here broke out and Formed another flag here and broke out. So this one just continues to show lots of strength So this is definitely one that you want to keep on your radar It's definitely a little bit extended here now so you want to give it some rest but this is definitely a top watch name and Had a really big base it's been basing for like Almost 20 hairs. So when things like these break out, they tend to make huge moves So yeah, definitely keep this one on your radar. Well, that's all I got for this week. Thank you guys for tuning in