 Hey guys, this is hydro from x trades and in this video. I'm gonna be going over overall market analysis and What to look out for next week and the best setups for next week? So, yeah, as usual, we'll start off with the indices. We'll take a look at SPY first Yeah, so S&P 500 has been acting really really well recently, right really nice uptrend since last October and Yeah, we've been holding this rally or we've been making a pretty nice rally so far and We started to get a little bit extended last week and since then we've been putting in a bunch of consolidation bars Which is good action so yeah overall really really good action from the SPY and So there is resistance at that 430 431 level. That's where we got rejected last time We rallied so that is a key level to watch out for but overall This is looking really healthy So yeah, it would be normal if we did pull back to this trend line But as long as this trend line holds up, then I would say that We would continue to be in this uptrend and continue to be bullish until we lose this trend. So Yeah, overall really good action Let's take a look at the weekly chart real quick So yeah on the weekly again, you can see clear resistance at that 430 431 level Well, if we can take that level out next the target would be for 453 so Definitely a lot of room to the upside but again, you want to wait for some consolidation and hopefully We can go sideways for a week or two or we could pull back But as long as we're holding this uptrend, that's all that matters Now we'll take a look at QQQ So QQQ same thing right except this one's a lot more extended look at the distance from price that trend line versus Like last time we got that extended it was here right we got we had One two three four five weeks up in a row got extended and we pulled back to the trend line And then here we got three weeks in a row and then we pulled back to the trend line now We're getting very extended again So there's a good chance we could pull back to the trend line or just go sideways until the trend line Catches up so that's what we want to watch out for so definitely don't get too long right now because We are we definitely are too. We definitely are extended So you want to be patient wait for pullbacks and try to time your bias that way overall QQQ is very very strong right it's definitely extended here And it's been putting a lot of consolidation and that hasn't pulled back in too hard on Thursday or on Wednesday it did pull back pretty hard, but we bounced the Back on Thursday and Friday, but you know overall really good action If we can continue those if we can continue to go sideways that would be ideal Now we'll take a look at some of the big cap tech stocks start off with apple We'll take a look at the weeklies on all of these So apple looks really good, right? they got back they made new all-time highs last week and They're right now. It's still trying to hold up above the 181 level, but if apple can consolidate and If apple can continue to consolidate that would be healthy action, but yeah apple is definitely holding this up trend really well, but It did make a pretty pretty big move this year So I wouldn't be surprised if we just went sideways for a couple of months Even so just be prepared for that scenario as well Take a look at Amazon Amazon There's also what one two three four five one two three six weeks up in a row six screen Weekly candles at least but yeah this 125 is key resistance level well if we can take that out then the next target would be around the That 139 level and then after that it would just be back to 146 and Then 169 168.5 ish, but yeah, those are the key levels for Amazon and yeah, Amazon's also acting pretty well here, but Yeah 125 is the major resistance level for Amazon Let's take a look at Google So Google is setting up pretty nicely here, right? They had three strong weeks in a row and then it's not finally consolidating here tried to hit that 129 level, but it Didn't hit it almost, but it got close to it and then it rejected so More consolidation would be perfectly normal as long as this 119 level is holding out a Google is still definitely bullish But yeah more weeks of consolidation wouldn't be a bad thing since we did make a pretty strong move from this breakout level Yeah overall pretty good action from Google next up we'll take a look at meta Meta is another name that's been acting incredibly well all year long, right? Look that rally from the lows Went from 90 ish To 276 so that's a almost 200% gain so pretty insane move from a big cap, right? but meta is Acting incredibly well building a little flag here now So more sideways would be good because we didn't make such a big move So I wouldn't be surprised again if we just went sideways for a couple months and then make a move higher But overall really good action from meta as well Yeah, as long as that 256 level holds definitely continue to be bullish on meadow Next up Microsoft Microsoft also had a really nice rally like Apple from the lows. This one is Starting to form a little flag here, right? So you can go sideways for a bit longer and just rest and as long as it holds that 315 support level That would be completely normal As long as Microsoft holds that 315 any pullback would be completely normal from Microsoft, but overall really good action once again But yeah, if it can consolidate for a few weeks more and then break out again Then next turn it would be all-time highs or 345 first and then all-time highs Okay, let's take a look at Netflix So Netflix has also had had a really good week as well And now it's approaching a pretty significant resistance level. So that 420 level is a Yeah, pretty important level so I'm expecting Netflix to consolidate and Form a flag right below the 420 level and then after a few weeks of sideways consolidation Then we could potentially see the next leg up, but then Netflix has been holding a really nice up trend all year long Yeah, good action from Netflix as well and in video Let's take a look at the weekly chart for in the video. I Mean daily chart. So in media had a very strong gap up on earnings as everyone knows But now it's starting to form a pretty nice flag here. So it's getting pretty tight now And I would expect the breakout to happen in either direction pretty soon But if we do lose those gap up blows so 366 There's a good chance that in media could fall quite a bit So that would actually be a pretty good short play if that did happen But right now I'll say in media is holding up pretty well considering how much it gapped up But they're really good action from Nvidia and the more sideways consolidation wouldn't be a bad thing But it's getting pretty tight. So I would expect the move to happen soon Look at Tesla Tesla is getting really really extended right look at that move, right? It's pretty much completely Just goes higher and higher for like the last couple weeks But yeah, Tesla is definitely very extended now. So you want to see it pull back to this 234 level console day for quite some time console day for like a couple weeks because it just made such a big move right so you wanted to consolidate let it Tighten up and then potentially next leg up right now. Tesla's Tesla had a really nice move But now it definitely needs some rest Yeah, you just want to make sure that it can hold that 234 level and if it does I would continue to be bullish on it But yeah, Tesla is acting really really well as well Let's take a look at AMD AMD is building a pretty nice bull flag on the weekly chart here. Let's take a look at the daily So while a lot of stocks were not doing so great on Friday, AMD Was able to cap up not a strong close but Yeah, still holding up really really well and it tried to lose there are many times where it tried to lose like the 117 level, but it's been holding up really well and bulls are definitely holding the stock up really well so definitely a lot of institution supporting the stock and Overall really good action if we can break that bull flag then next target would be There's some resistance around that 147 level and then it would just be all back to all-time highs But yeah, AMD looks really really really good here Yeah, I really like that weekly bull flag setup, but Yeah, really good action from AMD as well. Okay now. Let's take a look at your AKK. So this is growth stops, right? So growth stops have been doing pretty well the last couple weeks So your KK had one two three four five six up weeks in a row. So that's really good action So Look at the daily chart. So yeah, there's definitely some resistance around the 43 level and it started to get a little bit extended But if we can consolidate pull back to that trend line That would be perfectly healthy action But as long as we hold that trend line, then I'll continue to be bullish on it But yeah, right now perfectly healthy action Here KK does trade very choppy. So I wouldn't recommend trading it, but overall really good action from growth We'll take a look at some of the Best setups for the coming week. So AI is AI is something that everyone's watching, right? AI is new team of the market and it's moving a lot of A lot of names and it's making pretty pretty explosive moves on big volume So AI is like the major one, right? Literally has this ticker symbol AI. I know that doesn't matter, but When there's When there's pumps like GME in 2020 and 2021 It doesn't matter if it's a shit stock as long as a lot of people are pouring their money into it It can make explosive moves. AI could be one of those Movers for 2023. I'm not saying AI is a shit stock, but There's definitely a lot of hype around it. So definitely keep an eye on this one There is a little flag starting to form here Definitely needs to tighten up a lot more but More sideways consolidation and then this one could continue breaking out a lot a lot more Let's take a look at the weekly trade again Yeah, so next resistance level for AI Would we are on the 45 level So from current price that would be a pretty good move and then after that no real resistance until 65 and 73 and just keep note that this when the IPO it hit 183 So this one definitely has a lot of potential and a lot of room to the upside, but Yeah, definitely keep your eye on this one Let's take a look at Kavana This one had a huge move on Thursday last Thursday and it had a really big it had tons of volume And that's 175 million while you while you on that day. So that's insane, right? So this is another one that can continue to squeeze had a lot of shorts I mean has a lot of short interest. So this one can continue squeezing higher. So this one's definitely on the radar It already made such a big move from lows and went from three dollars to what? 26 on Thursday, so Definitely a lot of potential on this one and I'm gonna continue monitoring monitoring it if I can find a good risk reward spot to enter and yeah, this would definitely be a Name to watch for a squeeze Right next up get lab. This one had a really strong earnings report and now it's consolidating nicely here So it does have some resistance at that 50 level and there's also a little flag forming here So let's see if we can take that out next week, but Gap ups have been acting pretty pretty strong in the market recently So this one can definitely continue powering higher and if it does break 50 then the next target would be 54 But yeah, this one's definitely one that you want to keep your watch on It's also a recent IPO and look at that weekly volume, right? That's a sign that institutions are buying up into the stock. But yeah overall really good action from get love Ionq this one's acting really really well recently So starting to build the flag here. This is like a textbook bull flag, right? So this one made a big move right one from 5 dollars to 11 point six five So that's a hundred sixteen percent move and now it's going sideways So if this bull flag breaks then it can continue powering up and make another like up and look at that volume, right? This is definitely a sign that institutions have been buying up into the stock look at the volume before and look at the volume now There's definitely something going on in the stock and you want to be paying attention to it This is one that I think can easily double or even triple. So they're definitely keeping my on this one And then we'll take a look at Palantir So Palantir is also acting incredibly well. This one's just been going up up up up and up and It got really extended on Wednesday and then pulled back in pretty hard, but Overall still really good action. So I'd say resistance levels around that 15.75 and support level is at that 14 point 15 or 14.15 But those are the key levels for Palantir So if it can consolidate for a bit longer and then break that 15.75 level then I'll be looking for another leg up It will do upstart Upstart this one also same like Palantir It's just been going higher and higher and a really nice volume look at the volume before and look at the volume now Right something's definitely going on into the stock, but this one's acting incredibly well This one's a fast mover. So definitely keep it on watch But yeah right now it's just acting incredibly well And I think it can continue to power higher for next week and this one is so beaten down that has so much potential, right? Super super beaten down. So this one can easily double or triple in a short period of time So definitely keeping it on watch. But yeah, that's pretty much all I got for you guys for this week Thank you guys for tuning in