 Hey guys, this is Hydra from x trades and in this video We're gonna recap what could potentially be the some of the biggest opportunities in 2024 And then we're also gonna go through our weekly analysis and weekly process As usual and to start off we'll go with the indices take a look at SPY and QQQ So QQQ looks a little bit extended here a really nice move from the lows Yeah, really really nice steady uptrend since October lows and on Friday it did form a hammer There was some selling pressure But it did end up closing pretty strong and it closed above that for 9.5 level So that is bullish, but you know on the weekly nine up weeks in a row now So definitely expect for some sort of consolidation. There's some sort of pullback And same thing with SPY SPY also nine weeks Nine up weeks in a row clicking extended on the weekly and on the daily really nice move off the lows and yeah, really Good action on Friday, too. There was some selling pressure but I was able to close her above that 474.65 level and You know, overall, it's just acting really really well Yeah, not much else to say for the indices. They're both acting really well and for 2024. This could just be the start I know that SPY hasn't made new all-time highs yet But QQQ already made new all-time highs and there's a very good chance that could just keep going in 2024 and make a really nice rally And a lot of growth stocks are just starting to break out. So let's take a look at ARKK ARKK has been building the space for almost a year now and Yeah, almost over a year actually But yeah, now it's just starting to break out at its out of this space. So Used to be 160 before so there's a very good chance that many growth stocks are just starting out here and many of them can still Double or even triple from here. So definitely lots of opportunities going into 2024 And you want to make sure that you're picking the best stocks The best out with the best risk reward and you want to manage your risk properly and you can make a killing in 2024 You know, let's also take a look at small caps IWM. So IWM is similar to ARKK It's just starting to break out of this space So it definitely has room to go up to all the way up to back back up to 232 ish for 2024 So lots of upside potential But yeah, that's pretty much it for the indices and ARKK Overall the point is that there's going to be lots of opportunities 2024 especially in the growth stocks and small cap names Big caps already had a pretty nice recovery in 2023 But yeah, big caps still look pretty good. So let's take a look at Apple Apple is forming a really nice downtrend here It's like a flag on the weekly So overall looks really good and as soon as it breaks this flag then has a good chance to make a room back Make a run back up to 200 and then continue to power higher overall Apple looks really really good Next up, let's take a look at AMD AMD had a nice breakout this week and then yeah, really nice breakout on Tuesday and Then really nice rally and then on Friday It's consolidating pulled back in a little bit overall AMD looks really really good And it has a chance to make a move back to new all-time highs in 2024 That's yeah, it has no resistance until that 158 level and once 158 gets taken up room back up to all-time highs Next up, let's take a look at Broadcom. So Broadcom is forming what I call a three weeks type pattern So every single weekly close or every weekly close here are relatively close to each other So when that happens, that's a sign that sellers are being absorbed. So that's a really good action or that's really good price action and Overall Broadcom looks excellent here really strong breakout huge volume and pulling back in with light volume. So this is Yeah, really really good action and Broadcom is definitely a stock that can make a big move in 2024 Next up, let's take a look at Google So Google is still chopping around here around that 139 level This week it did pull back in but it did close above 139 So as long as it holds that 139 level will cool has room to 144 Yeah, that's all there is to say for Google Meta is acting well had a nice breakout the week before and this week was just consolidating As long as it holds that 353 level then it has room back up to 377 Microsoft Microsoft forming a really nice flag here and this one looks really ready to go Yeah, if it breaks that 377 level ish, then it should have a good chance to make new all-time highs Microsoft looks really good here Netflix Netflix is struggling with that 490 level. But once that 490 level gets taken out Netflix has a lot of room to run and they can yeah next resistance level would be that 563 level So Netflix looks really good Service now service now is another one that's been Has four weekly closest four tight weeks in a row now So service now looks really really good on the daily chart. It's tightening up really really nice here So service now is definitely another name that you want to pay attention to And video and media has been basing pretty much like the last six months and I think it's ready to make a big breakout here Yeah, and media is definitely a top watch once that 500 level gets taken out this one can Yeah, this one has a lot of potential And I know the price targets were like 800 and some price target Some people even put the price target for a thousand or some analysts almost re-put price targets for a thousand So and media has a lot a lot of potential for sure And then let's take a look at Tesla so Tesla Tesla tried to break out last week from that 257 level it did break out, but it ended up rejecting and failed So yeah, I had a nice breakout on Wednesday and then on Thursday Yeah, Thursday Friday both days they ended up fading pretty hard So yeah, another failed to break out for Tesla Tesla looks pretty weak here Yeah, again, if it can break out that 257 level then there's a chance but until then Tesla's just chopping around for now and Tesla's actually still holding this uptrend. So Yeah, potentially Tesla should bounce around this level and if it doesn't then would be a good short play actually But yeah, that's pretty much it for the big cap tech stocks now. Let's take a look at some individual growth names Fresh one being a firm firm had a really nice flag breakout here and then broke out other flag here Broke out and now it's starting to consolidate here. So a bigger pullback would be good here And then you're just on the weekly looks really extended So just waiting for a bigger pullback and then this one is one that you want to watch for sure Next up a RM. This is a new IPO stock A stock in the semi conductor space and this one's acting really well Yeah, just watching this one for a pullback to that Anywhere near that 72 ish level now today. That's a good area to buy her for the buy But yeah, they are and it's definitely a name that you want to watch lots of potential new IPL stock Same with cover. This one's also a new IPO stock and this one's been uptrending really nice since that high volume Gap up here We got a small gap up here, but it's very strong close to strong poses back to back Nice flag here and then broke out and then another nice flag and then broke out But yeah, it's definitely one that you want to keep an eye on and 41.29 would be a good level to dip by and Then coin coin had an insane rally in 2024 Yeah, just a really nice rally here once it took about 110 level you just completely took off and it's definitely very extended here and As a good chance to pull back to that Or any pullback to 150 would be very It would be a good buy the dip area, but Could be unlikely point could just continue going to that 200 level, but I will see what happens It looks very extended so pullback here is the most probable outcome crowd strike Crouch strikes another one with a really nice weekly chart really nice bull flag funding here But it is extended so more consolidation here would be good overall crowd strike looks really really good Dwell lingo. This is another IPO name that's been acting along Yeah, it's making you it made you 52 week highs and I was just consolidating But this is another one that you want to watch and 220 would be a good area to buy the dip on this one You know This one's just going this one just had an insane run in This year and almost last year have the last year. So this one's another one that has a lot of potential And on the daily chart it's forming a really nice bull flag here today flag here So it can break out and this could be viable next week as well. But yeah, all of this very very strong stuff Yes, you see this one had killer earnings report with huge volume and now it's just flagging here Oops Yeah, now it's just flagging here and a dip to the 110 level could be a good area to buy the dip Yeah Then I'll see I'll teach another one. They're really nice weekly flag. This one's also an IPO name. So really nice breakout on the IPO Or IPO highs and then really nice breakout with that earnings gap up nice volume And I was just consolidating for a couple weeks now. This is really really good action Next up, let's take a look At Pat so Pat the same thing really nice volume on that earnings breakout and it's just been consolidating ever since so This one's starting to form a flag here as well. So keeping an eye on this one as well and then snapchat This one is surprisingly Very very strong. It a really nice move off the lows Pretty much doubled off the lows and now it's starting to form a really nice flag here So keeping this one on close watch Really nice flag here you drive So, yeah, really nice flag on here and this is one that can break out next week But snapchat is one that has huge opportunity for 24 24 This one's like really really beaten down. So this is a stop that can forex from here Snowflake snowflake has a really nice weekly chart I'm really nice base breakout and then now it's forming a flag here And if it takes this out then it has chance to make a really really big move And they're gonna potentially double from here too So far this one has Really nice It's been acting really really well since that gap up There was a nice flag here and then another mini flag here not the best that appeared but Nice flag here, and then it's just been turning up really well ever since and now it's trying to form another flag here And it can yeah potentially make a move back up to 52 week highs I would say the key level of resistance would be Around that $10 level definitely a psychological level as well But yeah overall so far acting really really well and last but not least uber uber's just Really really strong here. I look at that move off the lows very off T slows And then made a really really strong uptrend a really nice rally huge volume And now it's just consolidating for the last three weeks. So this is four weeks tight now Including this week. So four weeks tight here forming a nice bull flag on the weekly chart So this is definitely a top-top Set up for 2024. I have lots of opportunity for 2024 Focus on these growth stocks many of these can double or even triple from here. So Yeah, but that's all I got for this week. 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