 Hey guys, this is Hyder from Xtraits and in this video We're gonna take a look at the market weekly analysis and Look at the bigger picture stuff and see how we're set up for going into November, right? So let's start off with the indices as usual. Take a look at SPY and QQ SPY had a really nice breakout here Consolidated for two three weeks and then last week last last week We were able to make a very strong breakout and then this week We got some continuation We are starting to look a little bit extended here But overall SPY is holding up really really well. It's starting to form a little flag here but yeah overall really good action here and Yeah, not much else to say, right? then the seeds are turning really well and If we do pullback, there's a very good chance I'll just be some slight consolidation if we do see if we do see a bigger pullback Then there's a chance that we could pull back to a 477 but other than that everything looks pretty good Let's take a look at QQQ QQQQ is also pretty extended, right? There's two unfilled gaps. I'm not sure if these gaps are gonna be filled We just got to take a day by day, right? But overall right now QQQ starting to form a flag here overall really good action It got extended for sure and not starting to flag on the weekly chart Yeah, on the weekly chart it definitely looked like it got extended now it's pulling back in But overall really good action from both of the indices and they're both making new all-time highs, right? So very bullish action there and then IWM IWM has been trying to break out here that at 198 level was key Rejected here rejected a couple times and then finally had a successful breakout But then pulled back in again and then the last couple days we pretty much just consolidated right under and Starting to form a bull flag So if this can if we can take out this bull flag and take out that 198 level There's a very good chance that small caps will have a good opportunity in the coming months for a rally, right? But that's pretty much it for the indices now. Let's take a look at the big cap tech stocks Start off with Apple Apple looks like it's pulling back in here to that 191 level Overall good action. It's just forming a bull flag here again So we'll see what happens there, but I think we're just going to consolidate and then break out in either direction Next up, let's take a look at AMD. AMD looks a little bit extended on the daily very very sharp rally, right? steep rally But overall it's holding up pretty well Not much Move the wrong one. Yeah, but yeah, not much to say and he's holding up really really strong Semiconductor share the top names right now like in video SMCI and other ones, but yeah, and he's holding up really well next up, let's take a look at Google So Google also had a very nice rally this week on the weekly chart. It looks really good making you all-time highs Yeah, Google has room to make a much bigger rally from here as it just Took out the key resistance level right and made you all-time highs. So Google has a lot of potential up It's just slow grinding up. So really good action from Google Matters another one that's just slow grinding up every week, right? Metal also making you 52 week highs really good action same thing with Microsoft Microsoft made 52 weeks 52 week highs a while ago and it's just continuing to go so very very strong action from all the big cap Textdocs Netflix another one with a really strong gap up and then yeah broke out last Friday and this one Yeah, it's taking back that 562 level next level would be There's definitely some resistance around that 620 and then after that 700 so Netflix still has a lot of upside potential But very strong rally very strong earnings gap up Take a look at Nvidia and video has been doing really really well ever since that Recent that big base break alright formed a really big base time enough and then very successful break out very strong break out and It's it's extended, but it still keeps going. So When you see that type action, that's very bullish, but overall Nvidia looks really great here on the weekly chart looks fantastic But yeah, not much else to say for Nvidia Let's also take a look at Tesla so Tesla is one of the weaker ones They collect the weekly chart on Tesla here So Tesla has some support at that 181 level But if it loses that then there's a very good chance that it could see 154 again But other than that, there's no other real support level for Tesla So on Friday it did form an inside form. So if it takes out that 167 level Then there's a good chance we could get a low bounce But overall Tesla looks really weak here, and I definitely wouldn't try to be longing this one for sure Let's take a look at a few more stocks ARKK this one's crowd stocks, right? So ARKK still stuck in this consolidation Still stuck in between the space right until it takes out that 50 level then it's still They're just chopping around and ARKK did try to have a nice gap up, but it failed And then it ended up filling that gap But yeah, overall not really much to say for ARKK Crowd stocks are still acting really weak Coin base got, yeah, coin pulled back in pretty hard A lot of the crypto names and then Tesla also pulled back in pretty hard, right? So that's dragging down ARKK But yeah, now let's take a look at some good setups for next week Airbnb had a very nice breakout on Friday, so it's a really nice consolidation, tight consolidation and strong breakout But yeah, it's looking to make new 52 week highs and this could be a really big breakout here So definitely watching and there are also a newer IPO name. So definitely want to keep your eye on that Affirm this one I do like Look at that weekly chart made a huge move, right? And then it formed a very nice Wedge here and then this week it actually tried to break out but ended up failing but There's a chance that it could still continue or try again next week So watching for that 43 level to get taken out if that can get taken out Then there's a good chance that affirm can make a nice rally Not folio this one had a very strong earnings gap up huge volume. So that's the reason I'm watching this Very nice base breakout, right huge volume huge move 28% on the day. So this one's definitely one that you want to watch watching for some sort of flag and then this could be viable Broadcom another big cap stock Another semiconductor stock as well. This one had a really nice flag breakout here, right? And then ever since then it's just got really extended over here got Extended for sure and then it's starting to pull back in but overall really really good action on this name key support out is that 1137 Not sure if that's actually gonna not sure if it's actually gonna pull back But if it does that would be the target overall Broadcom is a very very strong stock with great long-term potential So Yeah, except Christchurch Christchurch also got a little bit extended here not pulling back in perfectly normal action ESTC this one looks like it's viable that 117 level. That's a good Area to buy the dip potentially had a nice breakout and now it's retesting this key level So there's a very good chance it can bounce off that key level and then keep going Get lab This one's forming a very nice flag set up here This one does tend to create a little bit choppy, but overall very nice flags are going into next week IBM this one had a very strong gap up and On Friday putting a consolidation board. So if it takes out that 192 level, then it can continue Yeah, probably higher, but on the weekly chart. It looks really good, right? IBM hasn't gotten to this level in a really really long time. So overall Looks really good on the weekly chart Very nice base and then had a breakout and then nice tight consolidation here And then another strong breakout and if you look at the all-time weekly It looks like it wants to get back to like that 201 level so that would be the target for IBM Next up, let's take a look at service now service now had great earnings last week reported great earnings and they are also Maintaining a very strong rally Really nice weekly chart similar to the big caps right making you all-time highs made you all-time has a while ago and then Yeah, just continuing to grind up every single day Polo Alto Networks similar to service now this one had a very nice breakout and It's just been grinding higher and higher every day and I was trying to form a nice flag. So this is one. That's worth watching SMCI this one had a very strong breakout huge volume And over here starting it started to get a little bit extended But now starting to form a little flag here. So waiting for this to consolidate a little bit more And then this could be an actionable setup Let's see what else snow snow. I really like on the weekly chart Has a very nice base here, right and it's starting to take form a bull flag And last week it did break that bull flag not the best close But overall still really good action and then Stephanie breaking out here on the weekly chart a lot of potential for this name Yeah, all-time highs was four or five. So this can easily double right And let's also take a look at TSM Another semiconductors name. This one had a very strong earnings cap up nice volume Institutions definitely loaded up into the stock based on that volume, right? Look at the volume before and look at the volume bar here And then I formed a very nice bull flag, which was viable and I was starting to form another bull flag Really good action on the stock And last but not least uber uber is making new all-time highs here really good action from uber Had a really nice flag set up last week over here and then it broke out and I was trying to find another consolidation Let's see if it forms another flag, but overall ubers been acting incredibly well and Yeah, but that's pretty much it for this week. That's all I have for this week overall stocks Already the market is acting really well QQQ and SPY I wouldn't be surprised if they just consolidate or continue to Do that slow grind up right now and a lot of the big cap tech stocks is where the opportunity is at so That's definitely where you want to focus for now. And if IWM If IWM breaks that 198 level then I would be looking to the smaller cap names Cuz yeah, there could be some rotation that could come into play next week, right? So yeah, those are the key levels to watch out for and yeah, thank you guys for watching There's a reason why x-trades is currently the fastest growing application on the market for sharing financial ideas with over $2.5 million paid in the last two years to contributors users are flocking to see what trades the top traders on the leaderboard are sharing in real time If you're looking to grow your reputation as a trader on the internet or discuss your trading ideas with other reputable investors Click the link below and get connected with the trading mentor today completely free of charge