 Hey guys, this is Cider from Xtraits, and yeah, it's gonna be another weekly analysis video and Yeah, as usual, we'll start off with the indices Looking at the weekly chart. So we'll take a look at SPY first so there's There's Or the most important thing about this chart is that there's this trend line, right? And it started since October of 2022 wish so ever since that day we have been uptrending and the price action has been pretty good, right? Really strong rally here and we started getting extended and now we're finally pulling back and this is so far out the action The pullback did get a little bit more violent this week And the only reason is because we had so many down days in a row, right? So We are getting a little bit extended to the downside so bounce is Very likely and it's actually in line with this trend line, right? So we actually did hit that trend line and we bounced and we closed up higher So this is actually pretty good action But you want to see more of a bounce coming into next week or at least make sure that that trend line holds So I think I think there's still a very good chance that we're just gonna consolidate for a couple more weeks And then over here that'll be like the big decision, right? So we either break out or break down, but Yeah, as long as this trend line holds, then we are still bullish for now And I'll take a look at QQQ So same thing for QQQ, except it's coming back in a little bit harder this time And it actually closed below the trend line But we'll see if we can get a bounce back next week But if we continue to be below the trend line, then that's 100% A signal to get out of longs and look for short opportunities or Or it's very possible that we just chop around, right? So but yeah, if we lose that trend line, then definitely don't want to be in longs here But um, yeah, definitely got very extended here I had a very nice rally got extended and now we're pulling back in pretty hard last three weeks have been pretty brutal We gave back what 1, 2, 3, 4, 5, 6, 7, 7 weeks of consolidation We're giving up 7 weeks of rally and consolidation have been given up in the last three weeks But yeah, we'll see if we can get a bounce off that trend line But besides that, how much else to do, right? If we bounce off that trend line, then that's a green signal Can it continue to buy stocks and uptrends and Yeah, it could be a very good Opportunity to for a move back up to 382, but like I said with spy I think there's a very good chance that we'll bounce and then we'll just consolidate and then a big move will come around that October time where we break out or break down But yeah, that's what I see for the indices we'll take a look at some of the stocks that are holding up best and Yeah, first we'll go over the big cap tech stocks and then we'll do that. So first up Google So Google has been holding up really really well, and it's actually forming a very nice bull flag here This week not not much happened just another consolidation week but yeah, this one's holding up really really well and If that 132 level gets taken out, then this could be a really good buy signal Yeah, Google has been holding up really well Carved out nice bottom here a nice base here broke out of the base now forming a very nice bull flag And I think the chance that we see 136 if this decides to break out overall very good action on Google Next up Tesla Tesla has been acting really really bad, right last couple weeks. Let me remove everything most important line is this right and then also got resistance here and some support At the two seven two eight level But yeah, I think Tesla a very good chance that we'll get to like two seven two eight level and then we could see a bounce off that trend line and Yeah, that's what I see for Tesla But if we don't bounce off that trend line, then this could be a very good short setup for a move back lower, right? But yeah, not great action on Tesla lost the selling this week But looks very extended here. So I think there's a very good chance that We will get a bounce, right? So But yeah, we'll we'll see what happens next week I think good chance that we can pull back just a tiny bit more and then bounce, but overall Yeah, Tesla short-term bearish Next up we'll take a look at Meadow So Meadow finally broke down this week It's been holding up this very strong uptrend ever since the start of 2023 and it finally broke down this week So we'll see what happens there taking a look at the daily chart Friday was really nice really nice hammer forming It it gapped on but closed strong and it did and it did that on big volume. So that's a bullish sign But you know, we really want to reclaim that to 90 level. That's a very key level If we can do that then potentially see a bounce for Meadow next week, but we want to do that ASAP Next up Amazon, so Amazon is attacking pretty well, honestly Not too much of a pullback had a bull flag forming here and then it broke out now another bull flags forming here So we'll see what happens there, but overall Amazon does look pretty good It just looks like it's consolidating while the market's pulling back This one just looks like it's going sideways. So this is good action and it's showing relative strength So we want to see a couple more weeks of sideways action Potentially even wait for that trend line to catch up the price and then we could see that big 144 143.5 break out Overall, Amazon's acting pretty well next up Microsoft so Microsoft also broke down the uptrend and It got all the way down to like 309 310 level and it did It did get a bounce there and actually formed a pretty nice hammer. So that is good action Let's take a look at the daily chart. So yeah, again on Friday cap down, but close pretty well But yeah, this one's also very extended to the downside so we'll see We'll see if we can get a bounce here and break that downtrend line But overall Microsoft is short-term bearish But if we can break that downtrend downtrend trend line, then there's a very good chance that we can get a pretty nice bounce Next up Nvidia Fan video is very simple here, right? I think it's next week. So definitely don't touch it for this week so yeah, and media had a really nice move on 814 right really strong move very big candle and it did that on A slight increase in volume. So that's a good sign and ever since then it's been forming a bull flag So four days consolidation So we'll see what happens next if we can take out that trend line next week And there's a very good chance that we could see a rally back up to 450 450 two-ish and then but yeah, that won't matter because of earnings So yeah, I'll just advise to be patient with earnings and then see if there's any play friend video But yeah, this stock has been holding up incredibly strong. So Yeah, very bullish on the stock, but yeah, we'll see what happens with earnings Next up Apple So Apple also broke down that trend line the uptrend line a couple weeks ago and it's been falling pretty hard It has major support level at 172 and it did bounce off that on Friday. So that is good But yeah, we want to reclaim that one seventy seven level ASAP. Otherwise, this could just be like This could just be a dead cat bounce since it's so extended to the downside, but yeah one seventy seven is very key for Apple Next up Netflix So Netflix Did pull back in the last two weeks, but it hasn't pulled back in too much and it's still above the uptrend line So overall Netflix is still bullish long-term, but It did lose that 420 support level. So that's not great But as long as it bounces off that trend line, then Netflix is still bullish If it doesn't bounce off the trend line, then it becomes bearish as simple as that. Yeah, that's pretty much it for Netflix Next up a and D So AMD lost 107 this week And that's not good at all so if we can reclaim the 107 level like on Monday or Tuesday and We could potentially get a reversal move But if we can reclaim the 107 level, then this is for surely a short play Yeah, the 107 level is definitely a very key level So if it closes below that next week as well, then there's a very good chance that AMD needs more time here But yeah, it did get a nice bounce on Friday So we'll see what happens, but not great action Especially compare 10 video now we'll take a look at some of the best-looking stocks for next week and the stocks that have been holding up the best The first off Celsius this one had a very nice gap up on earnings really strong volume The stock has been doing amazing all year long, right? Look at that trend, right? Let me move all this But yeah, this one's been trending extremely extremely well and Although market is very weak very weak right now hasn't been giving up any gains at all and We did have a pretty big pullback on Thursday, but it bounced off pretty well on Friday, so We'll see what happens. There is a bull flag starting to form here So we'll see what happens there, but this one's definitely a top watch Same with the VRT this one's also been holding up incredibly well Forming a short-term downtrend line here, but I think if that gets taken out This could be a very good long set up. This one's definitely a top watch Yeah, this one looks really good really nice volume pattern with better gap up on big volume It's designed that institutions are buying up the stock and take a look the weekly chart this one broke a really big resistance level from that gap up and Now it's consolidating so perfectly normal action. This one's the top watch as well then AMD So this one's this one has been trending really well ever since that gap up here and It pulled back in with market weakness But it is still holding up holding up pretty well here and it's actually forming a flag here So if it can break out of here, then that would be a very long set up that I'm watching for this week as well And the last but not least up work So this one's also holding up pretty well here Forming a pretty nice bull flag really strong Reaction turnings really big volume been did over 20 million that day and Ever since then since it's just been going sideways and flagging here So this one's also holding up really really well and if it can take out that flag then I definitely want to be long this thing But yeah, look at that volume right huge volume compared to the volume bars before there are signs that Institutions are buying up this stuff, but Yeah, that's pretty much all I got for this week. Thank you guys very tuning in