Next Week Will Be HISTORIC For The STOCK MARKET (MARKET CRASH INCOMING??)

[00:00:00] Speaker 1: the nasdaq just had one of its worst weeks since april of 2025 we fell over five percent and wiped out over three trillion dollars in the markets and after hitting all-time highs just 10 days ago we've had a significant pullback of over seven percent so in today's video we're going to talk about the reasons why the markets pulled back so sharply we're going to talk with some of the major implications coming into next week with some big tech reporting i'm also going to be going over five of my top names to keep an eye out for on this market pullback if you guys do enjoy these videos make sure to drop a like and sub let me know in the comment section below and let's get started so let's go over my updated pnl for the month of october so far last week was probably one of the slowest weeks in a very long time we've had quite a bit of volatility in terms of some downside movement which i was not really able to capitalize on but i would consider this a very big win in terms of being able to protect myself from a bunch of downside movement even though it's not the biggest in terms of pnl i was not overly long biased in the markets where i very much well could have kept on trying to long the markets even though we kept on dropping so only up four thousand dollars for the week putting me up roughly around forty one thousand dollars we have plenty of opportunity coming into next week we have midterm elections around the corner we have a bunch of earnings reporting in the next couple of weeks as well so expecting a lot of volatility and opportunity coming up fairly soon so with that being said let's talk about what is causing this market sell-off well number one tech and ai is leading the sell-off towards the downside we have some of the major names primarily a bunch of the semiconductors dropping here the smh along with dram the memory tickers have been very weak as of recent and that continued to show up throughout this week where we end up having a bigger pullback down over eight percent on nvidia avgo down over ten percent mu down quite a bit amd even names such as google meta basically everything was down this week and what was the reason why this was the case number one hot inflation numbers came into the markets we had a core ppi on wednesday we had a pretty bearish reaction based off that news and it didn't help that on thursday the core ppi numbers came in very hot as well so a bunch of factors that ended up driving the market lower this week and we also had oil skyrocketing making a brand new high that we haven't seen since may the six other news catalysts in the markets that have to do with open ai so we had news roughly around a week ago that caused a sell-off with fomc that ended up dropping the markets and then of course earlier into this week we had another news event with anthropic and that signaled much slower revenue growth so that negatively impacted the market as well another news event that we have which is coming up which is midterm elections that's happening early november something to keep an eye out for and with that being said let's kind of talk about some of the notable trades that we ended up taking last week of course make sure to follow the x for an updated game plan along with some of my trade ideas along with trade recaps as well that's in the link in the description below besides that there honestly was not too much that i was looking for this week one of the only names that ran this week was moderna this one had a nice push towards the upside on friday we did end up selling off into the end of week so even this one was a little bit weaker besides that almost every name this week ended up dropping towards the downside of course with the overall indices and with that being said let's go over the economic calendar that we have coming into this week honestly not too much in terms of the orange and red folder news we do have some orange folder news that's going to be on thursday unemployment claims and then on friday we have some more orange folder news flash services pmi along with the revised consumer sentiment which is going to be at 10 a.m on friday and what are some of the earnings that we have coming into this week as you know we have big banks reporting that kicked off earnings last week we're going to be talking about some of the major earnings there's a lot of big names reporting so one thing to keep an eye out for right off the bat netflix along with spacex that's going to be on tuesday after close on wednesday we have tesla along with meta and then on thursday we have bloomberg energy we have a bunch of other ones western digital which is a big memory ticker we have a bunch of other names as you can see right here but these are some of the notable names that we're going to be keeping an eye out for coming into this week so with that being said so with that being said let's go over some of the top watches coming into this week and what we're going to be looking for for potential dip opportunities make sure to stick to the end of the video where i go over five of my top watches that i'm going to be looking to add on this dip and with that being said let's hop right into the charts so let's talk about the markets there's quite a bit of things to talk about this week pretty big bloodbath if we're taking a look at the qqq here look at this weekly candle close massive week towards the downside down almost five percent or over five percent here on the qqq if we take a look at the heat map here a bunch of names are down nvidia down over eight percent this week avgo 10 percent amd 15 percent intc down over 17 percent mu big names here down 10 to 15 percent in the markets spacex down 11 percent not too many names are green we had apple which was primarily the only name that was somewhat holding up but besides that basically major tech and ai names pulling the markets back towards the downside let's first take a look at this on the weekly time frame in terms of the qqq let's zoom out here so i know it was a pretty big down week here in the markets but let's kind of zoom out and look at this in terms of the bigger picture so as you can see in terms of a week by week basis we definitely were a lot weaker we ended up breaking below its previous week's candle low and we broke below its past three weeks candles low filled that gap and we had a massive week towards the downside so we opened up we pushed all the way towards the downside and we have a very small lower wick so ending off the week fairly bearish in terms of candlestick formation bearish in terms of the location here as well we just recently kind of rejected off our all-time highs we had an upper wick last week but once we broke underneath that previous candle low pretty big rejection here in terms of market structure we are still bullish in terms of the weekly chart so that's a good sign for the bulls but definitely based off of last week's candle formation we have to be a lot more cautious here in the markets in terms of the daily chart what are some of the levels that we're looking for for potential bounce in terms of the qqq we have this daily gap this is where we bounce some earlier into the year in september we end up having that nice rally towards our all-time highs but right now with this fairly steep pullback we're breaking back underneath the emas or breaking back underneath that previous all-time highs our minor level support here or in this case right one of the key levels that we have is going to be that 700 so we're going to be looking for potential bounce play coming to next week offer 700 to see if any buyers do want to step in off this area to push price back towards the downside if we zoom out even more what are some of my other main levels that we have marked out other levels down into that 670 this to me would be a fairly steep pullback if we go from our all-time highs all the way back down into that 670 this would be a very very nice buying opportunity this also would be a pullback of roughly around 13 percent off our all-time high so this isn't out of the picture but what is a more realistic scenario is of course this 700 and we'll see if we get any buyers that want to step in where we can potentially reverse this back towards the upside in terms of the spy this one isn't as weak compared to the rest of the market you can see in terms of the weekly candle we just recently came off our all-time highs our weekly candle did close bearish and we did close underneath our previous week's candle but nothing really to be afraid of in terms of the spy in itself but what's key here in terms of the spy even though it's only down 2.8 percent a lot of high beta names and tech names are down a lot more so right now we're kind of in what's i consider a rolling correction a lot of names that we look at right something like a tesla now if we're looking at like nvidia right meta google a lot of these ones have pulled back roughly right 20 to 30 percent depending on which ticker you're looking at offer all-time highs even though the spy is only two percent off our all-time highs that means if the spy had a five to ten percent correction this would drop these high beta names plus tech names down over 30 to 50 percent if not your ticker is already down 30 to 50 percent so that's something to be cautious of and of course with the cues pulling back you can see a lot of tech is pulling back here as well so in terms of the spy chart we are still bullish right higher time frame wise there's nothing really to be afraid of higher lows are still being built here our weekly structure is right at our 760 so this is kind of our weekly higher low that we like to see hold if it does break underneath that 760 we could retrace back down into that 750 which would be our major kind of level of support obviously if we broke underneath it would take a while to do this but if we broke underneath that's when we'd be a lot more cautious here for potential kind of head and shoulder setup but for now in terms of the weekly time frame we're still still fairly bullish here in the markets obviously looking at this on a week-by-week basis we did close underneath our last week's previous week's candle and we're kind of right back down into this 90 ma in terms of the candle formation fairly weak opened up closer to the top of the range and we end up closing at the bottom with a slight lower wick so in terms of candle formation fairly weak in terms of location we're still building up higher lows and in terms of market structure here as well bulls still have this in control which is above our 760. so if we're taking a look at this in terms of the daily chart what are some of the key levels that we have here on the spy it's just going to be that 752 that's one of our key levels that we bounced from earlier in september we built up another higher low here recently hit that all-time highs we could pull back down into that 760 756 area bounce and look for a push back up into that 780. where would i be a little bit more cautious in the markets if we start seeing something like this develop here in the markets then i'll be a little bit more cautious of a potential kind of lower high a potential structure break here on the daily time frame where we definitely be a lot more cautious in terms of the smh let's take a look at this so the smh here we talked about last week being a little bit more weaker compared to the queues queues closed off at all-time highs smh put in a red week so we already knew that the semis along with memory were a little bit weaker and look at this week's candle very bearish candle close here opened up underneath our previous week's lows basically just straight sellers no buyers whatsoever this week sellers were completely in control and now we're actually right back down into a higher time frame support so for the smh in terms of the weekly chart right now we've been kind of stuck inside this range ever since we had this nice push up earlier into the year we've more so just kind of been consolidating in this general area in terms of the daily chart what are some of the key levels that i have marked out right now this is our major support level 540. we had some buyers that stepped in on thursday friday we kind of opened up inside the middle of the range and ended up selling off as well but this is our support level let's see if we can see any sort of buyers i want to step in here on the smh if no buyers step in we got to be careful here in terms of semis right underneath that 540 we could see a move down into that 510 and that wouldn't really be a good sign for a bunch of these semiconductors so that's something we're going to keep an eye on coming into next week is the bounce here off that 540 for a potential bounce back up into this 560 in this 580 area as i mentioned if we do break underneath 540 next level all the way down into 500 in terms of dram memory has been getting hammered as of recent key levels that we had marked up was at 62 we talked about memory being a little bit weaker bearers candle last week in terms of formation underneath its previous week's low and this week basically similar story underneath the previous week's low sellers were in control and just straight downside movement all week here on the semiconductors in terms of a couple support levels let's keep an eye out on our 46 this is a area that we bounce from in august and end up having a move towards the upside once again let's see if we can get any sort of potential bounce here offer 46 here on some of the semis for potential move back up into 50 and this 54 right now if you do want to see any sort of long scenario we like to see kind of this potential double bottom this is a major level of support here for the bulls that we have to defend if you want to see any sort of significant bounce here on some of the semiconductors with that being said let's talk about some of the names coming into next week tesla first of all has earnings right now we've just been consolidating last earnings we had a pretty big drop towards the downside in this case we've just been consolidating in between that five or sorry in between that 340 along with that 390s earnings is coming up we had a nice day on friday in the pre-market but pretty big sell-off to end off the day so we'll keep an eye out on our earnings this week obviously for upside we'd like to see it either bounce off that 340 or now above our 390 for continuation in terms of amd pretty significant pullback off our all-time highs down roughly 19 weekly chart still fairly bullish here obviously this is a pretty big rejection here off that all-time highs we're getting back underneath that previous all-time highs pretty aggressively here in a pretty bearish weekly candle close but in terms of structure here amd is still very bullish weekly high or low we could even come all the way back down into that 440 and we'd still be bullish for continuation at this moment in time i'd more so like to see buyers step in here offer 520 here on amd for a potential move higher this is that previous consolidation where we broke up from nice buyer stepped in on thursday we end up having a pretty nice solid close here on thursday only for friday to kind of show a lot more weakness so we end up having a nice bounce on thursday across the market but friday completely kind of invalidated that thursday's move so definitely could see a little bit more downside here on a bunch of these names in terms of amd my buy area is going to be that 520 next major buy is going to be down into that 440 nvidia here on the weekly time frame definitely going to be a little bit more cautious in terms of weekly higher lows are still being built here we did get underneath that previous week's candle low but nvidia is still bullish in terms of the weekly chart so i would like to see now primarily this previous all-time highs level hold which is that 208 hold for a flip back towards the upside apple probably one of the only tickers that is close to that all-time highs here in the markets apple above or previous all-time highs continuation towards the highs in terms of meta i like this one a lot here let's keep an eye out on meta you can see how many touches we've had off this 600 potential now bounce here offer 680 hold for push up into that all-time highs here on meta google another name i'm keeping an eye out for does have earnings this or sorry in two weeks this flag pattern is still forming so let's keep an eye out on this name in terms of microsoft recently hit our all-time highs so for microsoft now i'd just like to see this kind of handle form right we have our major cup and then now like to see that handle above our 520 for a push back up into that all-time highs so in terms of the daily chart we can see a potential pullback and now bounce offer 520 continuation back towards the highs in terms of a few other tickers that i like here amazon not really doing too much in terms of netflix earnings is coming up this week let's see if we can get a potential kind of w shape recovery here on netflix for a pushback towards the upside of course with earnings that's kind of the major news catalyst that we're going to have and then spacex this one did have a pretty big pullback spacex is one name i'm keeping an eye out for in the near future one of my favorite names of course long term in terms of everything else you can see memories pulling back here mu down into a massive support level we had a pretty bearish week here on mu broke underneath our support level 10 25 pretty significant pullback here if we're looking at this on the daily chart key levels that we have marked out is our 900 and next level all the way down into 740 here on mu in terms of intc one of our key levels here is going to be our 80 let's keep an eye on intc potential kind of bounce here for 80 for a pushback towards the upside and then of course everything else a lot weaker here in the market so this week it's going to be fairly eventful with of course a bunch of big tech reporting with this pretty big pullback here on thursday and friday we'll see what shapes up coming to next week we'll see if any buyers want to step in early next week there's a lot of news catalysts there's a lot of earnings coming up a lot of volatility is expected but this is exactly when we want to be looking for buying opportunities so let's kind of go over some of my main watches that i like in terms of buying opportunities here all right so first ticker that we have here is intc coming into one of my major buy areas here i'm going to be looking to buy some shares here off our ed key psych for a move back towards the upside major buying area here on intc on the weekly time frame another one mu one of the memory tickers that's been beaten down i'm using a good spot right 880 can hold we can look to average in here on mu or even wait for the potential bounce back down or sorry the pull back down into our 760 along with our 800 for a move back towards the upside spacex of course in a really good spot spacex any dip that you can get here on spacex we're going to be looking for of course a pushback towards the upside in a long-term position on this one some other names to keep an eye out for vistra this one looks good above our 170 another long-term opportunity here as well offer 140 and then crwv this one right back at that ipo low bounce here multiple times this one of course has been beaten down quite recent let's keep an eye on a potential bounce play here on crwv if you can get that hold of this 60 we can see this nice push back towards the upside so those are my top five watches coming into next week that being said i hope you guys enjoyed this video if you did appreciate if you guys drop a like and sub stay safe out there in the markets and of course i'll see you guys next week take care everyone peace