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Midweek Market Update
Recorded: April 2, 2025 Duration: 1:06:24Space Recording
Short Summary
The discussion highlights Hashtags.com's innovative launch of a crypto index in collaboration with NASDAQ, representing a significant advancement in market tracking. The market is experiencing notable growth, with strong upward trends in trading volumes and investor confidence. However, Dogecoin shows signs of potential decline, forming a bear flag pattern.
Full Transcription
. Thank you. Thank you. What is up, everyone? how are we doing it's the midweek market update right here it's
imperador maximiliano it is bull trade finder mr g knots how are you sir i'm good i'm good how are I am fantastic. And it's Liberation Day. So who knows what is to come. That's the big headline, obviously, for the midweek market update is today's Liberation Day, 4 p.m. Eastern. We will have President Trump and all the tariff news. And then we'll have a whole global response, I'm sure, after things will be interesting market has been moving today volatility is crazy high vol vol is up markets are up
something's got to give at some point it's going to be interesting to see uh not so i'm going to
go ahead and let you screen share and uh we'll uh we'll go through some stuff here uh let me throw
that up and if you are uh joining in the chat say what's up to us uh let us
know what you're watching any chart requests thoughts questions not i think one of the where
we're at because of all the news coming this afternoon because of the global responses to that
news and then nfp friday morning and then jerome Powell. A lot of things over the next, we'll call it 72 hours, 48 hours, I guess,
will be happening.
So I think a lot of the charts will be, if this, then this,
like triggers on either side.
So we'll see how it works out.
I don't know, Nats, any thoughts before we start jumping into some stuff here?
Well, I mean, yeah, tonight is obviously the big one.
I mean, for example, I looked at looking at spreads for,
I mean, even if you look at spreads, as you guys know,
or if you haven't known, I'm a spread trader as well.
Looking at spreads, you're looking at these premiums
and they are just high.
I mean, they are inflated.
Looking at tomorrow's expiration,
looking at today's expiration, you could literally go $25 out and still get a good amount of premium. For $25 out, I'm talking about you get a good amount of premium. It's crazy.
With that said, they moved it back from what, 3.30 to 4 o'clock today.
So we're not going to know until after market hours.
And then you're going to start to see the market moving after hours just on what, you know, is being said by Trump and, you know, the government in general.
So there's a lot to be said.
I'm not looking to swing anything because who knows?
We could be down 3% tomorrow.
We're going to be up 3% tomorrow.
We could be flat tomorrow.
We could be, you know, who knows?
But I'm just not going to take the chance.
I'd rather react than try to guess and basically hope at that point.
Absolutely.
I do want to shout out our sponsor for the show,
Hashtags.com. They are creating basically an index solution for crypto. So definitely check
out Hashtags.com. I'll dive into that a little bit later in the show, but you can check out
their tickers, NCIQ and DEFI, some index solutions there for crypto.
Shout out to Hashtags.
We appreciate them making this stream possible.
And with that, Nats, I'm going to let you jump into it a little bit.
Do we want to start?
What chart do you have pulled up here?
I just have the MNQ right now.
MNQ.
Yeah.
So the update, I guess, for what's going on today, and then we can look at the bigger time frame a little bit.
Today, Nats, what are you seeing out here? I'm seeing a big pullback overnight.
And then we've taken out, we're taking out previous days highs here.
I mean, we're at an interesting spot, but it's been a straight trend update all morning.
Yeah. So exactly how you said it. I mean mean we have trended straight up since the open
um we gapped down overnight about 1.4 1.5 percent um since then it's been straight up obviously you
have your dips in between i'm on a two minute right now um but you can see i mean even on a two minute
just straight up um it has been getting a little slower up here for the past hour and a half
um but there's possibility for more upside again you know 4pm looms um we are none of us are
are sure what is going to be said or what is going to happen um so you got to take everything with a
grain of salt a grain of, and just be able to react
more. So if you're going to trade it again, proper risk management in any markets is key. Um, but
especially tonight with the unknown, you have to be careful if you're going to be swinging or
doing anything of that sort. Um, with that said again, trend day day just waiting to see how and when the market may start to turn
or react to what trump speaks about at 4 p.m eastern right at the close
yeah definitely uh honestly i think it should be said you you don't have to trade this when the
market is uh completely uncertain and has no
idea what's going on um i mean we we have less of an idea right so that you you don't have to uh
you don't have to trade this there's a lot of information coming out over the next few days
honestly not my but my best thought my best advice uh just for trading in general obviously not
none of this is financial advice,
but just if you are a trader and you're looking for like, okay, what should I do in these scenarios?
I think waiting, looking for that kind of what I mentioned earlier, the, okay, if this happens,
then we go this direction. If this level happens, we go this direction, you know,
big things to watch, I think would be the you know the best
thing find your setups and then wait and see if they trigger over the next few days so it could
be very interesting but i definitely want to take a look and see where we're at knots do you want to
jump to maybe a daily chart and kind of paint the picture here a little bit for the people 100% hold
on give me one second so looking at daily uh this isQ. Let me clean all this up for a second.
Give me a second.
Oops.
All right.
So past three days, it's like we double bottomed on that previous bottom around March 10 to 13.
We are coming into the 9 and 21 here on MNQ.
Let's pull it up on Qs because those are the fast forward contracts.
I mean, same type of scenario. We had a lower low here, right into an algo trend line. Again,
still coming to the nine, just $2 away and the 21, which is just about $9.20 away.
just about $9.20 away.
Currently, bullish and goldfin of the previous candle of yesterday.
But again, anything could change overnight.
We could get a huge gap up or a huge gap down.
Or again, somewhere in the flat range.
So it just really all depends what it said tonight,
how it's reacted to, and basically how the market goes from there.
I've got that same massive range that we're pushing into the bottom side of it right now
on the daily. Took out the previous day's highs, but you don't want this to turn into a bear flag
either, but there's a big volume shelf right here. You have that line drawn, basically.
There's a volume shelf right here. There's a lot of lows last week yes yeah so we're pushing into it you see that little peak uh if you scroll over to the side just a little bit
talk about this basically i don't know if it'll well you can see it there good enough but there's
a there's the the lowest peak on that volume shelf is basically right where we're at we're kind of pushing over it and honestly if we push over this
it looks like it trends back up towards what 478 479s where do you have that where do you have
your next uh level there this volume shelf right here the volume point of control is 480. um i mean that's where i i would see major confluence of a possible shorter or rejection
area um because when i'm looking at this i'm also seeing that we have a ton of openings and
closings right around this area right under it at 479.60 let's say i mean you got one here wicks i
mean look at all this that that's something that i i personally do i focus a lot on candles
where we're seeing wicks where we're seeing openings where we're seeing closings and you
start to see a cluster in a specific area obviously that's going to be a support and or
and or resistance um and kind of right where that volume point of control is give or take a dollar
i mean you're seeing it on both sides so that whole 479 to 41 area is going to be a big area for me to kind of watch out for.
Absolutely. You know, there, there's something I noticed yesterday when I was doing some charting
that I'll, I'll take a look at here in a minute with you and get your opinion on. We are about
to hit the daily nine, um, on spy and we're getting close on QQQ. If you look at the, the,
a nine EMA, you see it right there
i can see it on your chart there yeah we're basically right there on spy literally right
now i might have just tapped it actually or maybe missed it by a few pennies there
yeah i literally have it within 25 cents or 20 no what was the high there? No, that, that was right on. Yeah. Got five 63 75 is the high.
And the nine is five 63 76. So yeah, we basically hit it.
So you're telling me to short NQ right now?
Very possible.
Only 20 cents, 30 cents away from that nine on the daily on spy right now.
Currently.
Yeah. And the 20 days right
above it too uh that's something i've been watching um one thing i was going to mention
if you look at a 20 day i mean the 50 day the 50 day is a pretty big uh moving average simple 50
day moving average um actually i can throw it up here real fast let me throw out here i'll just
i'll just throw mine real fast and we'll go back to your chart um boom all right so here's your 50 day let me go back to qqq and just show you something
i've noticed so when you when you see kind of these lows down here and you look you're you're
just over 10 away from that 50 day that doesn. Anytime that happens, you tend to kind of get a
sot back up towards it. I mean, look where we were at down here.
Once again, just over 10% from the 50-day. And on the upside, it's not as dramatic, but if I
go back to, let's see, let's go back to August and look at this um when we had this extreme low look
10 to 11 percent and you see we uh we started to track back up anytime we get that far away from it
um on the downside let's see what was this one i don't think this one was as dramatic
this is just something i was charting last night i noticed yeah that one wasn't as dramatic let
me go back to okay here we go back in of SPY, we just actually got over that nine by a penny or two here, just ripped up 35 cents.
Here we go.
Here's 2022.
So this is when we kind of topped out in that 2022 bear market time.
And if you look at these like big spikes bound i mean look how far extended
they get it gets that got to 16 and it ripped back uh once again here 14 to 15 and it ripped
back anytime it gets beyond that like 10 down from this 50 day i've just noticed like look at
that 15 in this bear market anytime it gets below like beyond 10 to 12 percent
and this is from like the extreme lows so like if i draw this like if i go here like before that day
happened once you get down to this like 10 11 12 below the 50 day you usually get some kind of
springboard back towards it so that's just something i've noticed that i'm watching
100 i sorry i just thought that was interesting.
I noticed that last night.
Throw your chart back up here.
Throw up that spy chart that we were just talking about.
Yeah, we just rejected off of it.
We reached new highs by a couple pennies and then rejected.
You can see a strong version here. i guess you're strong here a daily nine on spy right there i think you possibly fade that that's interesting i don't
know it's tough to do much of anything today but if you were going if you're looking for something
to fade this over extended move back down like that but maybe you're signed uh on the daily um but yeah that's where that's what i'm seeing on spying qqq uh let's
take a look at bitcoin uh let's look at that chart because it's moved up a lot
i've been watching that on the daily let's's check the daily. It's pushed back above the 200 day.
It's pushing above.
Okay, I see you've already got that trend line drawn.
That's what I wanted to draw some attention to.
Yep, I'll go ahead and have that trend line there.
I've been a little bit bearish on this,
but it came down and it held its last piece of support
in the 82, 85 range,
kind of the last place that it needed to hold.
And it's pushed back up.
It's breaking that downtrend line a little bit.
The only hurdle is you've got the 50-day just above us.
But pushing back through the 200 is interesting.
I know a lot of people are looking at this for a move back to the 90s.
And I don't know, Knats, what are your thoughts?
Again,
this is another interesting one.
You know,
we're breaking above that trend line,
holding above the nine and 21 above the 200 day SMA,
the light blue line here.
you know,
obviously I want to see how we close on the day here because we,
this is the first time we're getting over it.
So we could obviously close under it.
Um, but I would say so far, so good.
You know, there's definitely something to watch here and see if there is continuation and obviously holding of that level.
and hold this trend line and possibly even retest and support it,
then we could push higher into the 90,000s and try to test, you know,
above where we've been stuck.
Obviously a hundred thousand big key psychological level too.
Yeah. Huge, obviously.
The point of control I believe in the entire thing was where we set it at 96.
So you wonder if we do get back over that 50 day,
if we get over the 88 to 90 area, if we don't just track back up.
But that is going to be a big ask.
We haven't touched that 50-day since late February, basically.
So that's going to be interesting, something that I'm watching.
Nats, what charts are you watching right now across the board?
Any setups and stuff that just are on your radar?
Let me
double check that for you.
I do want to state, I know we had
GE last week, and again, thank you for
bringing that up because it turned out to be
over 200% by the way.
200%?
Man, I should have taken that with you.
Let's just quickly dive into it really quickly.
Pull that chart back up.
Yeah, we spotted that live on stream.
If you didn't tune in last week, we spotted this setup live on stream.
Knott's took the short on GE.
By the way, we went short this day.
We actually had the perfect – Wednesday was the perfect day last week.
We got in on this red candle.
At the time, it was actually above this
green candle prior to it so it was right at 210 yeah it was breaking the 210 i think like as we
were watching it and and that was like the trigger right and you uh you nailed that tree you had
about 15 no you nailed it i took it i i executed so thank you you You executed it. We had $15 worth of downside in just under four days.
The next day alone – well, actually, sorry.
At close, we were up 45%.
The next day alone, when we started to trim out,
we were up over 100% on this day right here.
When we got under 205, hitting around 203.
And then it went all the way up to just about, it was actually more than that.
I got out around the 200% and it went way under 200 at that point. So it probably went 350,
400%. But I mean, absolute killer trade right there, playing it a month out, 205 puts, and went over $10
in the money too if you held it up until this Monday.
Yeah, I'm charting it out of here.
Just a 40-day trade is all you needed there.
Yeah, and it was a beautiful continuation.
Obviously, the market was going in that direction as well so that definitely helps
when you have the market kind of in sync with one of your trades um once again if you're in the
audience throw some tickers that you want to take a look at maybe something on your watch list i
would love to take a look at anybody in the audience if you've got any tickers that you're
watching right now and then not uh i'm glad we went back to this one and uh if you've got anything
on your watch list i want to go through it with you
And then I'll take a look at some of the names. I'm kind of watching and then we'll just go over some of the
Big names in general
Yeah, so I mean right now
I'm not really diving into anything. I know we've talked about Walmart. Let me get to it
I know Walmart has just been holding up very well. Let's look at the weekly too. That's something I want to see in this kind of scenario.
So we haven't broken that recent weekly or past weekly on March 10th close.
Sorry, it's probably March 17th.
Yeah, March 15th, sorry.
You know, if we get an extension over that, that could be interesting.
But Walmart has been holding up in, you know if we get an extension over that that could be interesting but
walmart has been holding up in in you know over the past couple of days i mean the market was
falling these past few days right here and you can see walmart was holding its own um so that's
interesting to see over the past three days let's look well over the past three days actually q's
has been holding up and spy has been holding up and Walmart has been doing the same.
Is there any key one that you kind of want to look at?
Because in all honesty, I haven't been really diving into it that much today only because I just haven't had the urge to swing anything,
especially with the possibility of what could be said tonight and the reactions
tonight.
Yeah.
So one thing that I've been doing, Notts, is trying to think of companies that won't
really be affected by tariffs that still have decent looking charts.
So let's go to Uber.
That's been one that I've been watching since December.
And I do have a long position equity-wise on and a small call swing
on that I've had for a while that's, you know, it's profitable trade, but I'm still looking at
Uber and I really like its resilience here. If you look at how much the market's pulled back
versus Uber, Uber really has held in very nicely. It's supported on the 200 day. And if you think
about something that just, I think it got unfairly beaten up
late last fall with the robo taxi, all the, what do you call it? Like the Tesla news,
all that stuff. But I think that was kind of unfair to Uber. I don't think Uber is going
anywhere. I think it has decent upside. And if you look at this chart, this chart's super
resilient. I mean, look, the market topped there late february where
and you see uber pulled back a little bit you know with the general market but it's it's holding in
very nicely in this area the 72 to uh like 70 area was was nice support the 200 days there it's pushed
above today above every major moving average like emMA and SMA on the daily.
And by the way, quick, I know we were just talking about this recently,
possibly for a TikTok decision as soon as today.
And something you got to watch about in meta.
Yes.
So, well, Amazon, so this news came out just in the last hour
um if we want to jump over i like this uber chart by the way i really like this chart and i don't
think uber gets touched by by tariffs um because uber does operate internationally but there's
nothing like cross-border there's no goods or anything there that's going to be hit by tariffs. So I think Uber is in a really good spot. That's kind of been some of my short-term
thought process right now is like, okay, what doesn't get affected by tariffs at all?
Like what is kind of, I mean, obviously the general market could be still affected,
but what's immune to it? What's going to have relative strength versus that? But Amazon, this chart is a very interesting
chart. Amazon got absolutely brutalized. These last three days, it looks like, and if you go
back, you see that volume point of control is massive right there where all these bottom wicks
are. You can actually zoom out and you can see this. It goes all the way back for a while on the daily we we set in this 187 range
forever and there's a huge point of control there um that it's supporting on i love that volume
shelf you see that nods it's right there in the middle i know you see it but like anybody is that
yellow line is that something you drew or is that a volume shelf for that's a volume point of control
so this golden yellow line um is
volume point of control and you can see we supported on it you know over the past three
days we've literally opened at it the past three days and have pushed higher every day and like
you were stating you know going across you could see there has been a lot of shares traded here a
lot of volume traded here um a lot of support and or resistance here, whether it flips up or down.
This has been an area that has been traded at for a long, long time,
all the way up until April of last year.
Yeah, I mean, a lot of value built there.
This looks good, honestly.
And then the news that came out, Amazon reportedly is putting in a bid to buy TikTok.
Can you imagine if this massive corporation is able to expand?
This is a megacorp at this point.
Are they able to expand you know this is a mega corp at this point are they able to get um
wow sorry i'm just looking at this chart this chart looks great wow but i i got i got distracted
there because i like zoomed out into a weekly real fast and i really like this chart if i was
going to long a mag 7 name this may be this may be the the main
watch for me like we said earlier in the show knots that i think you know in general the market
needs some clarity and if things maybe aren't as bad as expected or maybe we do you know make a
a little bit of a lower low and track down a little bit further. But this is where I want to find names that should be on my radar
as we do get maybe a bounce in the market soon.
And gosh, I really like this chart where this just came off of.
But Amazon, if Amazon does buy TikTok,
I mean, that's kind of what's pushing this move today.
I don't know if that's going to be obviously a big thing.
Who knows with news?
But you get some type of positive catalyst to go with a good looking chart.
And, uh, at least you get a decent trade out of it.
So definitely I want to keep this one on watch any, uh, any final thoughts you have there.
No, I mean, same type of thing.
You know, it all depends on what happens today.
Um, but Amazon has a possibility to hold a strong volume shelf around this area, around that 187, where it's supported the past three days. And if we're
able to push higher over 200 and make that support again, it has good upside there.
But even as a long-term name, I mean, Amazon, a growing company, obviously the leader in the
world. This is something that i would love to nibble
long-term shares on red days personally so um that's kind of my thoughts on amazon
yeah and then meta meta would be the other uh the other one to watch because meta they got some down volume it caught right back up, but
Meta maybe you watch this. I mean
you could say
It's at an interesting spot, but this could be a short candidate if the market goes the other way
So now you're coming right into the volume point of control kind of the same thing the opposite of
What we just saw on Amazon where we had a lot of support and a lot
of you know shares and volume traded you got the volume point of control right above here um right
around 590 um obviously psychological 600 too um but you know this is something to watch it is over
the 200 sma and has closed and or supported over it the past three days. So definitely something to watch
in this case, but depending on what the TikTok news is, if it actually does get reported today
or tomorrow, you know, that could have an effect on meta and it has had an effect on meta in the
past. So definitely something to watch here.
One thing I do want to bring up is Tesla.
And I know we've talked about it today, Emp, on our other space.
But Elon is stated.
He stated this himself. And it was stated today by Politico.
Yes, Politico. stated this himself and it was stated today by politico if i yes politico um that elon will be
stepping back from his role in uh may is the expectation um so that will leave him obviously
more time to go back to tesla you know go back to his other you know you have to figure like he's
gonna get back involved with Tesla very soon. Yeah.
And now we're getting some confirmation.
That seems like a very bullish catalyst.
And, you know, maybe all these tensions with Tesla, maybe it also, what do you say, maybe it also like cools down all that too, like the political tension stuff, if he's not as involved in front and center yeah possibly i mean with that said um yeah there's a very strong possibility i
know a lot of people are turned away from that um and you could see it in their numbers this morning
apparently their numbers this morning were atrocious um which we knew those
numbers were going to be bad uh everyone knew those numbers doing that they're also like the
model y switch over so they they have a new version of it so they're in between like liquidating the
previous version and getting the new version out there production switch over all that stuff as
well so between between that and the elon stuff i feel
like you know maybe the news it was expected maybe not as bad as like feared type of scenario and
then with uh with elon coming back that's definitely got to be a watch do you have any
targets uh levels that you're really watching here on tesla so obviously getting over the 200 SMA is going to be my first key. So that 288.
Psychological 300.
And then I'm going to start looking for a move right here.
Right here into that 327.
And the reason why I choose that is you could see going into this, you could see that we broke above this, supported it right here.
And in this case, that support, sorry, that resistance turned it to support here and we broke down and we haven't been able to get back there. So that 327, if we start to really extend here in Tesla, and obviously we know Tesla can rip 200 points in weeks,
that would be a first key level for me.
And then pushing to that secondary right around here, around 362.
And again, you can see the same type of thing.
Look at the resistance right here.
In this case, it didn't come back to make it support really. Um, but you could see obviously this three 62,
just around that area, what, you know, was acting as resistance. Um, in this case, you can see,
we come back right into that support that I talked about. And then we resisted right at that three
62. So three 27 and three 62, if we start to get a true extension on tesla is the level that i'm looking for
yeah i'm looking at that obviously you mentioned the 200 day is going to be huge 288 that 288 to
290 area if we break over that though i i see this thing taking an easy shot back to 315, 320. I'm trying to see what's your first, maybe 310 going to be your first
resistance. But if this thing gets any type of falls here, and this is a massive engulfing candle,
you see this daily candle engulfing? Yep. Correct. If we hold onto this now, obviously,
everything that we're looking at today, just to reiterate this point, it all hinges on what happens the next 48 hours in the market.
But if the market does catch a bid to it, let's say, over the next couple days into next week, I feel like Tesla upside is going to be a massive watch for me.
And the thing is, if I see something that I like to the upside, but the market doesn't cooperate, that doesn't mean I want to short that name. That's why I like while
I go looking at meta, if the market does the other thing, I would probably, you know, default to a
name like that for the short side. It just, I want to find things that look good on the long side for,
for if the market goes up and if things that look good on the short side, if the market goes down,
that way you're prepared for both.
That's the best way.
But I really like the way Tesla looks here.
Yeah, I just think this really goes.
Is there a trend line to watch up here?
Let me see if I get one.
I'm with you drawing this out.
Algo doesn't really have one.
The upper, upper trend, if you're talking about like this
gonna be yeah if you went all the way up there it's gonna be like around that 50-day moving
average around that 3 15 320 area unless it takes you know a few days to get there then
obviously that's going to come down a bit but and also while we're on this topic so we talked about tesla getting obviously backlash
politically with elon and all that stuff you would think a benefit would would be rivian of that
you know excuse my four million lines here um let me just delete those real quick but you would think rivian would be a benefit of that
um again they're mostly domestic um and actually funny enough when the auto tariffs came into play
rivian was actually up a dollar that day um so and that's an interesting point so this kind of goes back to the thing i was saying earlier
not it's where things that are not going to be affected by tariffs would be something i would be
looking at and of course you know still rivian could be affected but most of their supply chain
and all that sort is coming domestically um Um, I mean, all their factories are domestically
too. So that's another big thing. Um, so everything they do is mostly in the U S so that that's going
to be really good for Rivian in that case. And again, you know, I, and I've seen this on, for
example, X, I've seen people post that they literally have traded in their Teslas or sold
their Teslas and moved to
Rivian. So, you know, there is possibilities for Rivian to take advantage of, you know,
the backlash that Elon has received and that Tesla's receiving, um, and gather new customers
off of that. And obviously possibly even benefit a little bit from the tariffs i don't know if that's the best
statement to put out there you know the best way to put it i should say um but there is a possibility
maybe it's just immunity you know instead of you know instead of being affected by their they're
immune to it so it doesn't it's not going to affect them as much because they don't have the international deal you know are there parts
mostly manufactured in the u.s yeah um yeah i know they have mexico hold on i will i know they have
because and i'm asking because i know you're you're a lot deeper in the research on rivian
than i am so i'll lean on you for that sometimes. But from what I recall, I know that they were assembled in the U.S.
Yeah, let me see if I can get a percentage of the products they use
a percentage of the products they use and the supply chain they use.
and the supply chain they use.
So again, like I said, everything they do, they manufacture everything in the US.
That is one thing for sure.
Yeah, so it doesn't have a big number.
have a big number. I mean, it doesn't have a number, I should say, but a significant portion
I mean, it doesn't have a number, I should say.
of its supply chain is from the US. And it says small percentage of small percentages of components
or sourced outside of the US. And I know Mexico is one of them. And I know they said it today,
there was another one that i can't think
of the other country but yeah so again it seems like let's just if i wanted to put a number on it
i think i saw it before it was somewhere in the 70 plus range that they're basically domestically
that's solid well we have one crowd submission here.
Of course, anybody else has any tickers?
Talking about the Doge?
Oh, TEM?
Let's do 2EM first, and then we can hit Doge.
We had two crowd submissions.
TEM, this is the Nancy name, for those that aren't aware.
How often does Nancy lose on trades, right?
I mean, from when this guy,
I'm trying to remember when this guy, right here, she was in it right here. It was like 35 and it got up to 42 or 43. Yeah. So she's, so she's still green on this trade. It's pulled back.
Uh, if I, I'm going to draw a retrace on this, just see what it pulled back.
Yeah. Pulled back to the seven, eight,86 set there at 44. it held that perfectly actually it actually pulled back to that gap up almost
to the pen held the gap yeah and if you look left that that's kind of like the that was around the
highs of that ipo range too look at the uh okay here i'm gonna throw my screen up here just so i get it pulled up here
real fast i think look at this knot so if i draw a line this is the ipo high right there
and you see support support and then support turn to resistance here and then we gapped up
and look we're holding that that's also exactly where this fib lines up so
if coming off the low to the high you pulled back to the 786 fib right here and it's consolidating
of course market market pulling back but i mean if you're going to be long this is your your area
to be long off 44 45 yep otherwise stop under here
for the gap if you're looking to short it you would short it under 42 and try to fill this gap to 36.
yeah i i kind of fully agree with what you just said i mean i have nothing else to say other than
that i mean as long as we support that that top top of the gap, I mean, you know, you have a possibility for a
long scenario here and overall in general, hold on one second. I'll throw your screen back on here.
See what your, your view looks like.
Yeah, no, no.
I mean, again, I think what you said is perfect.
I really don't have much else to say about it.
Yeah, it's one of those where like, because it's a smaller cap,
I mean, it's a Nancy name.
So like, I guess put it on your radar a little bit,
but 8 billion market cap, it's not something that I'm super excited about trading, just for my trading style.
But I mean, if you're...
The Nancy is the caveat, right?
Anything that she's in tends to have some type of...
Yeah.
Some sort of pop.
And by the way, to quickly go back,
Spy has broken above that
nine on the daily.
And that's actually started to support it.
So it is looking strong.
Here's a smaller time frame,
but you can see we're just continuing to ride up now.
Same thing with NQ.
We just hit the 20 day, by the way.
On Spy.
On Spy? Yeah on I have wait what the 20 day SMA
SMA normal the SMA on spy I have my
well I have a 21 but that's at 568
here let me
all right so let me Alright, so
Let me hide some of these other ones
Just so it's not so confusing
This green one though, right in the middle
This green one right here
Is just SMA20
Just SMA20
Right where SPY is stopping right now.
And, of course, we talked about that EMA 9.
That EMA 9 is right here, too.
Literally right here.
That's interesting.
I mean, if you wanted to leave doubts,
and then you're at these same highs over here, I don't know.
It doesn't look terrible.
I mean, it definitely looks constructive, but...
Oh, you really don't want this to turn into a bear flag, though.
What does this look like on a four-hour?
Oof. Oh. Something to watch.
That could either break out today or break down today.
That's interesting.
I'm not willing to play that, but oof.
Another thing that I'm looking at is there was a halfback this would be a golden retrace right at this uh friday's open 479
basically 480 interesting all right just going through my process here um not dogecoin
yep that's the next one that we have.
Let me see.
Is that KC Trades I see?
Yeah, that guy joined in.
That big dog joined in.
Dogecoin.
What's up, guys?
Hello.
What's up, Mr. KC?
I'm on my screen. i forgot that it does that that
i was like i was like what kind of animation did you have built in on here not
maybe i thought you're a big dogecoin fan i haven't looked at this chart and i don't know i have not
either was it at 17 cents i'm just trying to get a read um i'm terrible at charting like these
these types of charts
this market is pumping right now
so for our we're sitting yeah it, four hour, we're sitting...
Yeah, it is.
Four hour, we're sitting right above a volume shelf.
The daily, nice reversal candle here.
After four red days.
Would want to see a break over the middle here, right around that 18 cent.
Let's see.
I mean, mean honestly nothing special
if i was personally trading it i i wouldn't um
yeah i don't i don't really see anything special trade wise um you know i mean you could be bear flagging here on the weekly, which you don't want to see.
And if so, you come back into $0.14, where you do have support here.
But that would be about it.
I mean, again, this is something I wouldn't trade at the current state yeah i just don't know i just don't see where like i don't see i don't see where your catalyst where's your catalyst
come from on this if anything the only you're just kind of no man's land right here only cryptos i
ever really look at i watch bitcoin very closely and then like ethereum and solana and outside of that i it's about all i do
um well while we're on the topic of crypto real fast let's shout out our sponsor hashtags of
course um you go to hashtags.com the nciq this one is uh actually very interesting to me um but
we all we all know that the most popular stock indexes
like the S&P 500 NASDAQ composite
but there's not one for crypto, not yet anyways
that's what Hashtex is working with the NASDAQ to create right now
and it's available through essentially NCIQ
and let's see, there it is right there
if you look, it's right now
they have the opportunity to add or adjust this, but it's market cap weighted. So Bitcoin's 88% weighted in here and Ethereum 11% weighted. So shout out to Hashtags. Check out the website, Hashtags.com. Please read their perspective. Of course, this is just a starting point for any research purposes, but definitely a big shout out to the cashdex crew over there so we appreciate them
for making this possible and um as kc was just saying we are uh look at this 15 minute chart
today just nothing but up we haven't broke structure once have we um no it hit the 21 EMA on SPY, which we just retested where I exited this morning.
It was the high at 1030 is actually where I exited my SPY calls.
And then the 1150 candle retested that.
And now we're making a $10 move on spy here from 555 to 565
And now we're making a $10 move on SPY here from 555 to 565.
We're almost up 500 points on in Q today from the low
Do I short it right here on stream?
No, I actually did just short 802.50
Is that a bad move or?
Oh, we're ripping through this zone right here
So squeezy
Yeah
I have a very small,
small, small... I'm looking to
add. I'm not looking... That's not my
full position. This looks like a
blow-off if I had to...
I'll take a little
small short right here, honestly.
We're extended
from the 2 and 5 by
50 points each
on the 9.
I'm going to wait for this thing to run out of steam real fast.
I'm going to add once I start to see
a slowdown or
a reversal candle.
But I got
802.50 so far
on a starter size.
All I know is every morning when I get spy calls,
I get an absolute beautiful move, and then I paper hand it,
and all four times in a row it has continued to go higher after I exit.
So that's what I told the team this morning.
I was like, I'm closing my calls right here,
and I guarantee you it's still going to go higher.
And someone just sent me a screenshot.
They are up 117% on the calls I had this morning.
They're just supporting this move too
as I watch this. Casey, what are you eating over there?
A little sandwich?
No, boy.
One of your Mexican quesadillas.
Oh, quesadillas?
I'm getting quesadillas.
That looks good. I mean, Mexican.
I'm going to do this after we finish this.
Got some
chicken from the Blackstone
marinated in some uh
oh uh chipotle adobo sauce and then did you hear my stomach just
and then uh yeah tortilla with some uh cheddar cheese in here and got
sour cream and a chipotle aioli dipping sauce.
We are full on squeeze mode.
I just pulled up Dell.
Weren't you along this, Casey?
Yeah.
So we talked about it yesterday, Dell and Shopify.
And then this morning, I added Snowflake and Coinbase to that.
But yeah, Dell was one of those.
It was double bottoms.
Yep.
Yes, sir.
Weekly and daily on all those four charts were absolutely gorgeous.
Same with DraftKings.
I jumped the gun on DraftKings. I jumped the gun on DraftKings,
and now the Daily is setting up a beautiful Morningstar reversal
into this gap filled at 35.
So I'm in that one.
I'm no longer in any other position right now.
Look at this.
I just remembered that TradingView added this little highlighter feature.
I like this double bottom and this move like this.
Look at this.
This looks like a W about to play out.
What do you want, Dell?
Dell.
Look at this W.
It looks like it's going to play out.
I sent it this morning
at like, I think,
8.30 pre-market.
Oh, no.
I didn't get the ad.
We just got a 40 point short.
What's going on with Tesla?
I just heard heavy activity on Tesla
on the squawker.
Yeah, we just got a 40 point
drop really quick there.
Had to be news related.
Pulling back hard after that extension.
Well, that was super overextended up there.
Yeah, Tesla just dropped
$6. Had to Tesla just dropped $6.
Had to be in the Amazon.
We're only up 1% today.
What's up 1%?
QQQ.
It's only up 1% today.
After a 500-point move.
That's what I'm saying.
Somebody just tweeted that scoop from Politico on Tesla is garbage,
that Elon is still going to be super involved.
I don't know who it was that tweeted it.
I just heard that on the wire.
What were a couple of those other ones, casey i do want to get a couple more
charts in here before the top of the hour you said shopify yeah shopify daily and weekly as well
oh look at that 200 day yeah so it filled the gap right there and zoom out a little bit more keep
going left keep going right there okay see that top over there yeah look you see how all of
that lines up and then the W off that mm-hmm and then once again yes I'm
wondering how many how many of these we see I love this little feature rigor by
the way good you guys ever use this yeah yeah on the crosshair little demonstration you hold on mac it's the option key you just
and as long as you tell i let go of the mouse it holds that in uh go to that's a good look but i
really like this oh draft kings i i like this one a lot all right wow look at that candle first off
yeah that is a this is a beautiful so when i look for reversals this is like the this
is the outlet that i talked about before on spaces i know where were you it looks like oh that's
perfect it literally looks like when you have like the two sides it looks like it looks like this
right here like a power outlet that this i love this look at that right there sir i'm gonna look so i'm in calls off the 32 dollar area balance
of support and then it's turning into you know you've got like the outlet or like you know the
field goal post or you want to call it the uh morning star reversal um all of them look good
this weekly probably fills this it's going to fill the gap to 35. Yeah.
So the weekly is looking strong now.
The daily is looking good.
So that's my target.
I've already closed half my position here,
but I'm still looking for the move to 35.
I'm in 40s for May.
So, I mean, I've got plenty of time if it wants to continue to run,
if I do snipe this bottom for a swing.
But, yeah, that was another good daily, weekly setup there.
I like this.
This is the, yeah, or the Phil Gold post, if you want to call it that.
I absolutely love this.
And then Snowflake and Coinbase were the next ones.
All right, 200 day on Snowflake.
That's a weekly?
No, that's a daily.
Let's go to weekly first.
50 week, which is... That makes sense, right?
If you do the math.
You see if you look left right there?
If you put a line, that level?
Yeah.
And are you still short?
Oh, yeah, I am.
I'm glad you said that.
I'm about to try to break down here.
need to go under 787
we keep holding that 9
I want this thing to come back to like
740 area on enque
you'll see it
you'll see it right here
but the thing is it's just in squeeze mode
i just don't like how every move they keep supporting this thing i mean one of these
you feel like it's gonna just get up big i mean
it's because we get back to the 21 at some point but golly
we get back to the 21 at some point but golly and we're almost 300 points above vwop so
250 points above vwop that's insane
yeah i don't know i don't know if today's the day that i want to do a whole lot of trading in general, but
we'll
keep an eye on it. It's snow.
That weekly candle looks solid,
KC. Daily.
Look at that. I have this line
drawn. No, that's
the line I just drew. I had a line
drawn here before, too, though. Maybe I
took it off my chart, but
look how long that support line goes
back here here here here here rejected here and then now this is your back test only i don't like
is this gap right here but the 200 day yeah i do i like this I think I think it's a pop just to
put in a higher low and eventually we'll come back down and fill that gap but
wrist reward down there for the longs look good that's the only reason why I
was looking at it you said coinbase
I haven't charted this one in a while.
Where did we come down to?
Oh, that 161, 162 area, I could probably adjust that a little bit better.
Let's just put it right on the low.
163.
Yeah, look at this here
right here right there consolidation here and a bounce here
other thing that i actually like i mean this thing is super overextended the other thing i
like about this is it has a lot of room to get into the major moving averages.
The 200-day and the 50-day are up here.
And if Fructo does turn the corner here.
Most of all those names are very similar to that because they were all overextended to the downside,
and they were hitting key areas of support.
If they decide to go and retest some of those moving averages
like i said risk reward to go long to use those as targets in my opinion i think it was freaking
fantastic on all of those names
okay they're gonna try to push it up here yeah i think i'm probably just gonna get stopped out
do you know when I found all these setups?
I found these setups at 5.30 this morning when I couldn't sleep because my son woke me up at 4 a.m.
So I had nothing else to do.
You said you were doing it on your phone.
That cracked me up.
I was laying in bed, just couldn't go to sleep.
I was like, you know what?
Let's just go look at some charts. And I stumbled upon all of those.
And I was like, these look good.
And then lo and behold, what happens?
Every single one of them started playing out this morning.
So if I can do it half asleep at 530 in the morning
laying on my phone, anyone can do it
because I'm an idiot.
Look, this CrowdStrike chart looks interesting.
You get all this right there.
Somebody said Tesla recovered that drop.
Did it?
I mean, basically.
Stayed over previous day high.
Interesting.
Anything else? We are right at the top of the hour here
anything else we want to look at
I'm just watching this beautiful
not beautiful short
I mean we're flagging here
again
market has been straight trend up
again this is why I'm really small size
I probably should have
Taken it and kind of scalped it
But kind of thought we would maybe
See a little extension off that
Really quick drop
And we did not, we are still holding that 9
In the 2 minute
I don't know
Again, you know, you don't have to
Trade or swing Especially going into tonight with what is going to be going on in just three hours now.
So we'll see what the market does. You react on it, and that's how you got to trade, in my opinion, going into today's news or possible.
Yeah.
This is insane.
I'm still short.
I mean, it almost feels like it's one of those you could just get short,
like very small, and just give it a ton of room.
And at some point, it'll come back below your entry.
I don't know if I'm willing to play that game.
So SCQQQ could honestly finish another dollar higher.
Yeah, new high of day.
That's crazy.
All right, I was looking at this.
Let me just close this short.
Instead of taking the loss.
I don't know.
It just looks like they're supporting this move.
Yeah.
83 is the next spot I even have. this move. Yeah. 83
is the next spot I even have.
Honestly, the best spot I have is way up here.
This area.
That's another 100 points higher.
There's no way I'm going to hold it short for 100 points higher.
I messed up 850. I'm gonna hold it short for 100 points higher No
I messed up 850
I'm size that small that I I'll give it that 50 points
Yes coming into 5730 here
that's a decent area
on ES to watch
5729, 5730
you can see where
there can be some resistance there
what did we just hit on it
5727
I'm breaking the flag again pushing higher 57.27.
Breaking flag again.
Pushing higher.
Already got new highs on NQ.
Yeah, I just think you're probably going to finish this move.
You look at this daily.
You're probably going to hit this up here.
479.
20-day moving average is at 479 33 at golden retrace 479 75
okay anything's possible if it's popsicle it's popsicle
all right boys well great hour of course shout to Hashtags for letting us through this stream.
Midweek market update. I think next week is going to be a lot spicier. I'm excited for that one
because I know this week is very interesting, I guess would be the term, because of everything
that's going on with the tariffs in the next few days. i would say stay on your toes be very careful um
go back there oh it's just me it's just me on the screen
um no knots any final uh final comments or anything from you
hold on let's get kc's face on here oh i'm I'm back. Jesus. I was trying to tell you Vix was falling off a cliff.
I had to drop down and come back, but I know you guys were short,
but Vix, it fell off a cliff and Spy started ripping.
I was trying to drop down and come back.
I was like, no!
Very possible we see that 20 today on Vix before the close.
It's looking like it, yeah.
I wonder if it spikes right back
up, though.
Like, at the
close, I just wonder what's going to happen at the
close. It's going to be very interesting in these next few hours.
I know, it really is. I think
6 p.m. Eastern
futures might be fun.
Oh, yeah.
What do you call it? What do you call those hours?
Demon hours?
Demon time is when you
made some profit
and you take another trade
that's demon time
it's going to be interesting
alright boys
next Wednesday same time same place
we'll do the stream again.
What's up, Everly?
We got Everly on the stream.
I don't know if I've ever got to show you my face.
I got a big beard.
What's up, Everly?
Who's that?
Everly, can you say hashtags?
That's Dada, but that's Emp.
That's Emp.
That's Emp. That's imp.
Hi, Everly.
Everly, can you say hashtags?
That's not grandpa. I know he has a beard,
but that's not grandpa.
I know not grandpa.
Ouch.
This got called grandpa.
Yeah, I'm still set.
I got stopped for a loss.
Yeah, spy is still absolutely ripping.
I wish I still had some toys.
Oh, yeah, I got stopped too.
I'll wait for the last one.
I just got nothing to go off of here.
Yeah.
All right, boys.
We're going to shut her down next Wednesday.
Catch us right here.
Same time, same place.
Obviously, we'll have a lot clearer picture, but some decent ideas.
Of course, last week.
Did Casey see that GE one that we looked at last week?
Knott's took it for 200%.
I saw.
I saw.
That was freaking solid.
So we'll see.
Yeah, we'll look for one of those bad boys next week.
For sure.
All right, everyone.
Thanks for tuning in.
We'll catch you guys on Spaces.
And again, next week, same time, same place.
Sounds good.
Have a good one, everyone.
Bye-bye.
