Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / SOXL / AVGO

[00:00:00] Speaker 1: Okay, so today we see the market going up. However, you may ask me, Nathan, are we gonna continue the bullish bias? Is this a bottom signal before another rally? And the answer is maybe. However, we still need to be extremely careful because we have yet to break a few inflection points before frustrating this bearish movement over here. So let's see what's going on because as far as I know, we still could easily collapse and reach lower levels. Therefore, we gotta pay attention to our inflection points, to the inflection points I will describe to you guys in today's video. Welcome to the Financial Hydra channel. My name is Nathan. We are here every single day talking about many stocks together, analyzing the market together in order to design good strategies. So we can actually trade using the technique, using statistics, using facts, not opinions, not guesswork, not assumptions, not gut feelings. Here, we only follow our technique based on strategy. Welcome to another daily update. So today we see the spike going up. However, this movement is not the best because it is still a bearish candle. We are still near the 21-day EMA area. In fact, we are still trading below the 21-day EMA. So it is not, certainly, it is not the best bullish reaction ever. What's more, Friday's candle was insanely bearish. This candle wasn't rejected yet. What's more, if we see the loss of this candle, possibly we are going to continue the bearish momentum and seek lower and lower levels. If we see the 731-day EMA is, we see the 731-day EMA, which could easily be lost by making such breakout over here, and then we may see another pullback on a weekly basis. After all, Friday's reaction, Friday's bearish candle was last week's low, and by losing last week's low, we are going to make a top signal on the weekly chart. And that could be particularly dangerous because, again, we may see a pullback on a weekly basis, a pullback lasting a few weeks, maybe even a couple of months, back to our next support area, which is near the 700s. Therefore, it all depends on the direction of the next breakout. If we see the loss of Friday's low again, yes, we are going to possibly resume the bearish momentum, and then our stocks are going to suffer. We are going to see many tech stocks collapsing as well, right? And then, it is not going to be the best time to buy high-better stocks. Conversely, if you ask me, but Nathan, what if we see a bullish reaction? What if we see the SPY making a bullish candle again? Well, then, it depends on how this bullish candle will perform, because if we see a bullish reaction breaking and closing above Friday's high, breaking the 749, then, okay, then I believe, then I will see technical evidence strong enough to convince me that we are going to see another bullish rally. We are going to see the continuation of this pattern of higher highs, higher lows, trading above the 21-day MA, etc. Meaning, we are going to possibly continue the bull trend. But only if we see a total rejection of Friday's bearish candle. As long as we don't see that going on, this chart is not going to convince me that we are going to see another bullish rally ahead. Okay, I am so sorry to tell you guys this, but in the end, it all depends on the direction of the next breakout. It all depends on how SPY is going on the direction of the breakout of Friday's candle on the SPY. Okay, if we see that going on, and guys, I am distracted by it, because my cat is coughing a lot. Hang on, guys, hang on. Hang on. Hey, what's going on? Do not worry about anything, okay? We are looking very good, all right? Hey, hey. Are you okay? So, guys, let me continue our analysis. We see the QQQ. This one is near the 21-day MA, right? We are still... Guys, as far as I know, the QQQ is also bullish, okay? We still see the continuation of this uptrend. We are trying to react, but there is no confirmation of a bottom signal yet, okay? So, what's the key point over here? We have to see a clear breakout above Friday's high. If we see a breakout above Friday's high, above the 731, okay, then I see the QQQ truly resuming the bullish bias. Conversely, if we see the loss of Friday's low, more continuation of this downtrend, because on the weekly chart, we are going to trigger a top signal over here as well. Okay, so that's going to be very dangerous, very, very problematic. A pullback on a weekly basis could take us back to the 21-weekly moving average, okay? So, guys, it is pretty much like the spy. We have to wait for a clear breakout of either Friday's low or Friday's high in order to make another meaningful reaction. It is funny because the 722, the previous top level over here, is working as a top level today again, right? So, the very same old inflection point is still working short-term-wise. On the one-hour chart, we see a sequence of lower highs, lower lows. But don't you agree that if we see a bullish pivot point over here breaking the 722, breaking the 21-hour MA, and preferably breaking Friday's high, don't you agree that that's going to be a powerful reaction, powerful enough to reject the bearish case, at least for now, at least on the daily chart, medium-term-wise? So, again, we still have to wait for a breakout of one of four inflection points, okay? Eventually, we're going to see a breakout. Sooner or later, we will see a breakout. And when we see that going on, remember that we're going to be here every single day talking about our stocks. Therefore, remember to subscribe because if you don't, you will miss our future videos, all right? So, subscribe right now. We are here every single day. Is the market flying? We're going to be here. Is the market collapsing? I'm going to be here. If I'm sick, I will be here. If I'm dead, I will be here. So, guys, daily videos every single day. Now, we have a NVIDIA. This one is trying to react. It is going up quite nicely. However, today's candle is also bearish. So, it is not the ideal, but hey, it is what we have, okay? At least we have a bullish reaction. It is funny because such reaction appeared right near the 208 support level. And as I told you guys last week, the 208 is the trigger point of a bearish pivot point. By closing near this key point again, this kind of makes the market uncertain because if we see another bullish reaction, breaking and closing above the 21-day MA, rejecting Friday's candle again, this candle over here could be a phenomenal bear trap. Many people who are eager to see NVIDIA collapsing, they shorted over here, right, expecting the breakout of the support level. And then we see a bullish reaction. And then we see the rejection of Friday's candle. That would be one of the most phenomenal bear traps ever. In this case, possibly NVIDIA will fly again to reach the ultimate high. All right. But again, we have to wait for confirmation. The confirmation will come after the breakout of Friday's high and the 21-day MA. All right. What's more, if we see the loss of Friday's low again, if we see NVIDIA losing momentum again, all right, maybe you're going to see another pullback, retesting the 200s, the 196 again. Then we're going to see more bearish continuation. So, do you see, we are in a very critical moment for many stocks. Today, during our live stream, we were analyzing many stocks, okay, and I was like, guys, it feels like it is now or never. For the SPY, QQQ, NVIDIA, Tesla, AMD, Palantir. Today, Palantir, we see many, many stocks trying to make bottom signals near critical support levels. In fact, if you ask me, we do see many opportunities, or better saying, many possible opportunities. Because it all depends on how the SPY and QQQ are going to behave. A clear breakout of their main resistance levels could bring something new, could make a new catalyst over here, suggesting more bullish continuation. And then many stocks that are still lingering near their own support levels. These stocks, they all could recover very, very nicely. Especially, high bet stocks. I have many high bet stocks on my list, on my watch list. During our live stream, we did discuss about many possibilities. So, guys, remember, if you want to trade with us, and if you want to have access to our live streams, if you want to have access to our signals in real time, if you want to have access to our strategies, join our Telegram channel. Only there, I can share these signals in real time with you guys. So, in order to join our Telegram channel, just take a look at our website. The link is in this video's description. Right there, you will have more information on how to join, on how to participate in our community. We have literally hundreds of traders every single day, making money consistently. So, you can join us over there. The link is right here in this video's description. Now, guys, nice reaction. I would just wait for a clear, meaningful breakout of our main resistance levels before anything else. But, yes, NVIDIA is one of the stocks that I have on my radar. Certainly, it is on my radar. Now, we have Tesla. This one, unlike Spy, unlike QQQ, unlike NVIDIA, and unlike many other stocks, Tesla is actually reacting, making a bullish candle today. That's different. That's very nice. We have a few inflection points over here. These lines are here even before today's reaction, okay? I mean, these lines are here even before Friday's reaction, all right? We saw the loss of the 413, and I did warn you guys about that here on this channel, guys. By losing the 413, we're going to head towards the 393. I did warn you guys about that in this channel. And right now, we see Tesla bouncing off the support level, which is not surprising at all, at least not to us. And then, there is still people out there who don't believe in technical analysis. Guys, remember, blame the trader. Never blame the tool. If you don't know how to use technical analysis, it doesn't mean it does not work, okay? It is your fault. It is always... Is that so hard to admit that you don't know how to use it? I mean, some people, they believe that it is easier to blame technical analysis. No, technical analysis does not work. Instead of saying, no, I don't know how to use that, okay? Well, some people have their egos on the moon, all right? So, well, either way, we see Tesla reacting near a clear support level. Now, what's going on? We have a double resistance level near the 21-day MA, near the 413. A meaningful breakout of this area could make Tesla fly again and retest higher levels. There is no such breakout yet, so I'm still a little cautious. I'm still a little careful. If you ask me, I was eager to nail a bottom signal over here. Why? We were still above our trend line, right? But this signal failed miserably. It wasn't even properly triggered. And then, in the end, Tesla collapsed over here. So, if you ask me, maybe Tesla still has a decent chance to recover and fly again. But right now, we still need to wait for a clear breakout. What's more, on a weekly basis, we are just at the 21-weekly moving average. If you ask me, if there is one stock that still could go up, even if we see the spike going down, among the high-bet stocks, this stock is certainly Tesla, okay? This one has its own life. It is moved by its own catalysts, okay? We have Elon Musk, we have etc., right? So, Tesla has its own life over here, unlike other stocks, which are... It feels like NVIDIA dictates most of the market, so Tesla is detached from all of that, okay? So, well, maybe it is a rogue sister, right? Among the magnificent seven stocks, it is a rogue stock. So, I like that kind of profile. So, maybe Tesla will react. Either way, we have to wait for a clear breakout of our major resistance levels. Okay, now, if we talk about Amy D, or Amy D, Lady Amy, right? We see that this one is making a bottom signal above a support level, and that's very interesting. That's quite curious, actually. However, is this top signal... Top signal, so sorry. Is this bottom signal powerful enough to make a real... To make a real bottom... Well, a real bullish reaction? Well, to me, not yet. Today's reaction has a name. It is a bullish harami candle pattern. From a statistical point of view, a bullish harami has a nearly random performance, okay? This one goes up roughly 56% of the time, okay? It is not that much. However, since we are near a double support level, since we are still in an insanely powerful uptrend, to me, the odds are a little bit higher. The odds of a bullish reaction are a little bit higher. However, the key inflection point right now is Friday's low. By losing Friday's low, this purple trend line over here, this purple line over here, I'm so sorry, which is very close to the 21-day MA, right? By losing this double support level, I see Amy D rejecting any bullish reaction entirely. In this case, we may just collapse to the 400s again. And do not underestimate this correction, okay? Because in this chart, it feels like it is a small correction, right? Compared to the previous rally over here, it feels like it is a small correction. But guys, a pullback of this magnitude would represent a correction of 17%, 18%, okay? So, you got to be careful, okay? This chart is very deceiving. You do not want to see your position melting almost 20% because of a minor mistake, okay? Because you must not underestimate the volatility of this stock over here. So, you got to be careful, all right? If you ask me, by losing the support level, maybe if you bought Amy D in the past, okay, maybe you can sell your position, okay? Maybe you bought here with us, down here, when I gave you guys the call to buy on our Telegram channel, right? If you are still holding your position, that could be your lead to sell your positions right now. You did a phenomenal trade, so I'm very happy for you, but maybe we may see a sharper correction of more than 15% in the next few days, especially if we see the SPY, QQQ, failing to react over here. That could be catastrophic for a stock like Amy D. So, again, you must be extremely careful, all right? Now, guys, another quick message for you. As I told you guys last Friday, I'm opening a new mentorship program this Wednesday. If you want to join us, take a look at our website. The link is also in this video's description, because during our mentorship program, I do not offer an ordinary trading course. In fact, we are going to literally trade together, because I will personally help you with your trades and with your investments. We are going to design the best strategy for you, according to your profile, according to your style, and then we're going to apply this strategy together during one entire month. We're going to have weekly meetings, one-on-one weekly meetings, right? You and me together. It is going to be a very exclusive service. You will have access to my number, to my personal number, so you can ask me anything, anytime you want, okay? I will be there for you. We are going to trade together. If I see the right opportunity for you, I'm going to tell you, I'm going to describe this opportunity to you, and then we are going to trade together. I will tell you, okay, my friend, now you can do this, you can do that, you can sell partially here, partially that, etc. I'm going to help you in detail, right? With your investments, with your trades, etc. So, if you want to take your investments, your trade, to the next level, well, I invite you to join our mentorship program. What you're going to learn over there, you will carry for the rest of your life. I can assure you that, okay? for the rest of your life because we're going to design the perfect strategy for you together. We're going to apply it during one month. It is going to be wide, it is going to be very nice. So, again, for more information, take a look at my website. Link is in this video's description. All right? Now, guys, Palantir, let's continue with our analysis. Palantir is trying to react. We see bullish candle. It is going up a little bit, right? But at least we see a bullish candle today. If you ask me, Nathan, could that be bottom signal? Certainly. Of course. Absolutely. Nathan, would you buy Palantir over here if we see the confirmation of a bottom signal? Maybe. I see better opportunities over there, okay? As we did describe on our live stream today and today on our Telegram channel as well. I see many other stocks performing way better than Palantir because Palantir is not near any support level. That's the only reason why. If Palantir were near our support level down here, I would be way happier, way, way happier. But that's not the case. It feels like we are in a no-man's land, okay? between these resistance levels and these support levels over here. So to me, it's not the best, okay? It is not the best opportunity right now. I see other stocks looking way better. I mean, when Palantir were here, we bought it and then we sold over here. When Palantir was here, we bought and then we sold over here. Palantir was here, we bought over here and then we sold up here. Now that Palantir is here, well, it is not here, okay? Because we literally bought Palantir three times in the past, over the past few months and we did nail phenomenal bottom signals on it. But every single time we saw Palantir near our support level. Right now, it is not there yet. So I prefer to see Palantir collapsing a little bit more before buying it again. I gave you guys many calls on Palantir over the past few months on our Telegram channel. We did many trades on it but it is a quite easy stock to trade actually to be honest. But right now, it is not the best, okay? That's not the most suitable situation for Palantir according to my style at least. Because maybe you have a different style, right? Of course, if that, if Palantir is a buy right now, okay, go for it. It is not for me. I have other stocks in mind. Now we have SOXL which is above our support level. It is pretty much like other stocks, like AMD, right? Near the 21 day MA. Is this a real bottom signal? Nathan, we are going up roughly 16% today, right? That's wild. I mean, what if we see SOXL flying again? I can make a lot of money, right? Sure, absolutely. Conversely, if we see the loss of this, of this candle's low, you may lose a lot of money as well. So, this one is more like a matter of position sizing than anything else. If you ask me, you could buy SOXL, of course, but you got to be careful because even if we see SOXL losing Friday's low, from here, this loss would represent a collapse of 14%. Okay? So, again, crazy volatility over here. You must be careful. You must control. Adjust the size of your position correctly, according to this volatility. Either way, what could make SOXL fly again? An upwards breakout of the 233.69, which is Friday's high. This one could be the catalyst for another bullish rally, maybe to break the 300s again. But Nathan, what if we see the loss of Friday's low? Bearish continuation, possibly top signal on the weekly chart. On a weekly basis, last week, we saw a shooting star candle pattern, okay? That was a terrible, terrible bearish signal, right? The loss of this candle's low could take us back to the 21 weekly moving average. So, there is no way. You gotta be careful because any pullback of this magnitude could destroy your account if your position is too big on this one. So, again, it is all about controlling the size of your position because the risk is too high. The reward is also crazy high, but the risk is also very high. So, if you want to trade, well, I would trade with a small position, okay? Of course, I'm not an advisor, okay? I'm just a guy over here sharing my ideas on the internet. I can help you with your trades, with your investments, etc. But, in this channel, I do not offer advice because I am talking to many, many people. So, it all depends on your strategy, okay? It all depends on how you are doing, how you are going to behave. Once again, if you have no strategy at all, you can join our Telegram channel. If you need more help, you can join our mentorship program, okay? By the way, spots are limited for our mentorship program, all right? Very limited because I can't help too many people at once, okay? I tried in the past and then, of course, this drove me crazy. So, we got to be very careful with that. So, very few people are going to be allowed to this mentorship program, okay? but yes, it is going to be exclusive. I will personally help you with your investments, with your money, with your trades, okay? But that's it. Now, Broadcom, another stock that is on my radar. You know, this one is a promising stock, very promising stock, actually. By breaking and closing above the 394, it is giving us the impression of a possible bear trap over here and I did describe this reaction today, this morning, during our live stream, okay? For the members of our Telegram channel, I told you guys, guys, that could be bear trap, okay? Because if we close above the support level and if we break Friday's high, it is going to be one of the most treacherous bear traps ever. In this case, I see Broadcom closing this gap over here, if you ask me. However, although we are breaking and closing above the support level, we are not rejecting these candles entirely yet. So, we still need to wait for more confirmation. We are almost there, okay? We are almost there. If we see that going on, amazing. Broadcom could fly again. But if we fail and lose these candles low again, well, the 352 is going to be our next major support level. Either way, I'm going to be here every single day to keep you guys updated. So, remember, subscribe to this channel. Join the Finance Hydra channel because you are watching a video about technical analysis for 24 minutes so far. You must be as crazy as this as I am. So, you are welcome to this community. Thank you very much for your audience, my dear friends. Stay safe. See you guys tomorrow as usual. Bye-bye.