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Trading Weekly $SPY $QQQ $CRWD $GOOG + Audience Requests!
Recorded: March 30, 2025 Duration: 1:07:05Space Recording
Short Summary
In a dynamic trading environment, key trends emerge as the first quarter closes, with significant market movements observed in SPY and AMD, while CrowdStrike and Google present promising project launches and trading opportunities.
Full Transcription
Hello, welcome back to the Trading Triangle once again on Sunday the 30th of March.
How are you doing, Kay?
I'm doing great, man.
Today's the last day, or maybe not, the second last day for the first quarter to end, so
pretty exciting.
Yeah, so tomorrow's the last trading day of the first quarter, so that'll be interesting
to see what happens there.
Nice and sunny here in the UK.
I've actually had to close the curtains.
It's so sunny, so you can actually see me.
I first jumped on the stream and Kay was like, where are you?
And here I am.
Awesome. can actually see me uh first jumped on the stream and k was like where are you and here i am awesome obviously we had just a couple of guys on the internet talking about stocks and looking at charts and giving our trading perspectives so of course it's not financial advice um we that's
what we say every week because it's not financial advice we just like doing it if you take value
from it and that's fantastic obviously give us a follow on a trade or trading triangle on youtube
as well obviously obviously our old accounts which you can see on the screen there, are for X as well.
Obviously, a huge big thank you to Wolf as well for the next user platform.
We really, really appreciate it.
Couldn't do it without you.
And lastly, make sure you put your ticker requests in the comments.
We'd love to see what you're looking at.
Obviously, the market's been a bit tricky this week.
This last week, it started out really nicely, but we took a bit of a downturn, but we'll
jump into that in a second. But yeah yeah stick your tickers in the comments we'd love to see them
see if we get a few trade ideas etc etc all right let's jump into these slides okay let's do this
and we have i think we have folks from paris paris france bonjour oh we've got a couple yeah we've
got joseph here let go, let's go indeed,
bonjour, Pinal Julien, I hope that, I love that name Julien, Dubai as well, fantastic,
awesome, we've got a couple more requests coming in there as well, so keep them coming
through, hopefully we can get to them all, obviously we do kind of speed through our
section, but yeah, let me just change the layout there slightly so you can see, there
we go.
Awesome.
So last week was a bit of a red week.
Apple were actually doing pretty well considering you went a little bit short
on them last weekend.
But I would have to say that I did mention
I'm looking at a long-term swing trade,
which is still in the downside.
It's not like Apple is...
Think about this.
If you're buying Apple and not buying anything else,
it doesn't make any sense to me
from an investing or trading standpoint
because where's the revenue, right?
There's no growth right now.
If we go back here,
we've got a bit of a red week, of course,
but we do have Tesla as well, up 12%,
which is a bit of a surprise
given the amount of sentiment change.
But they were down quite heavily before that
and in the weeks prior to that.
Just on top of that, you've got AMD down there, 2%,
which is not too bad, actually, for them.
Normally, they follow the market quite strongly.
So just having a bit of strength there.
And Palance here, completely flat on the week.
So I think I win that one as well, technically,
because last week I picked Palance here.
You picked Apple.
Yeah, yeah, you won the second week in a row yeah you won the second week in a row yeah we'll see what we'll see what happens this week only and
one stock that you can't see here got basically trashed was lululemon after the reported earnings
so yes indeed that was pretty sad for them do we know why that is i didn't actually see it
so they came out pretty well but the guidance is soft uh consumer confidence i mean it if you if
you sell consumer goods and consumer confidence is low it doesn't sound great that you'll be doing
very well in that at least in the next quarter no it doesn't sound good at all moving on obviously
we've got a fear and greed index we're back down into the extreme fear we did come up into fear
um ever so slightly i think we actually did a previous close so we kind of went into fear throughout the beginning parts of
the week and then ended the week in extreme fear around 22 um what would be a week ago 25 last week
so we're right on the brink um at the end of last sunday um obviously going through this list here
maybe i'll let you do that actually yeah absolutely so so put to call remains
pretty standard we were i think 0.8 last week now we are 0.79 so that rate there is no substantial
value in in that the same the fear remains the same from a big standpoint we were trading around
the 18 17.8 18.1 was the range and now we are 21.65. We'll touch upon that a little bit later, why it's happening.
SPY, we were down 2.82%, especially the last day.
Friday was a pretty brutal day in the market.
That basically took it out.
Of course, every time SPY is down 2% plus, QQQ will be down even higher.
Guess what?
All the MAC7 is basically getting thred uh thrashed basically um by the market
same thing we saw with the small caps and the key event basically for next week i know i know there
are other companies reporting earnings that are insignificant but it's going to be the liberation
day so-called uh the reciprocal tariff day announcement that will come and i think most
of the conversation is happening on the uncertainty aspect of this
right they announced the auto tariff you saw the reaction for gm and ford uh especially all the car
companies i mean so far they're saying tesla is in a in a better position along with a couple others
like lucid and rivian but they are much smaller players in the market they're not going to move
the market so tesla is the is the most advantageous position,
but still, they still have to source aluminum and steel
and all that for the body of the car.
So it's going to impact their margins as well.
But I think for other car companies,
it's going to be a bigger problem, a bigger headache.
What are your thoughts on the Liberation Day?
Well, I mean, it's going to be volatile for sure.
And I think it's going to be a day trader's dream,
to be honest with you, from a trading perspective.
In terms of actual logical perspective,
I think you covered it quite well there.
Obviously, Liberation Day, we don't have it over here,
so it's a bit different for us.
But it'll be interesting to see what happens,
especially linked with the tariffs.
But yeah, what were you laughing for?
Yeah, so we got a couple of comments think skills is asking can you talk about google
yeah so I'm covering google as part of my stock for the week so just hold on to that and then I'm
taking take a request as you are posting it in the chat and then message from phinix there as
well obviously it's how if I make markets way too volatile man yeah way too volatile is definitely
a good way to look at it.
If you don't find volatility very appealing, just switch off for a couple of weeks
and come back in a couple of weeks and see where the market is
and reevaluate your positions and maybe start a couple of new ones.
It's up to you.
For me personally, I like volatility.
I spoke about it last week on my X channel.
X channel? X profile?
Do people call it X channel?
No, probably not.
They call it X.
On X. On my X.
There you go.
I was speaking about volatility and how much I love it.
I don't always get a chance to obviously trade because of a job and life and that kind of stuff.
But when I do like volatility, as long as you have those kind of levels of mind and obviously keep to your strategy and management, you're doing pretty well.
Anyway, should we move on?
Earnings.
Not a lot really to say.
Nothing is happening
should we move on already then
let's move on yes nothing burger
at this point
when does the new earnings season start
must be a couple of weeks
I think in two weeks or so
let me see when is Delta going to report
generally Delta is always the first one
to report earnings so let's see
we're getting quite a lot of requests today which is pretty good so we'll get through our
stock picks um i've got crowd strike and you've got google is that right yeah i have google yeah
yeah so we'll get through those and talk about them and then we'll get to the audience request
so do stay stick around if you've got them in your queue you'll probably get to them
um because we've got enough to really kind of get there for the hour or so.
But should we jump into the spy, okay?
Let's do this.
Yeah, I'll talk to it for this one.
Maybe you can take your queue.
Just a few points on the chart here.
You've got the pink line down there, which is the kind of line I've had drawn for a few weeks.
I actually spoke about that last week, possible downturn in the market.
I didn't see, obviously, the positivity kind of going into the beginning of this week.
We can see where my cursor is there.
But the turn of Wednesday, we had a bit of a doji candle.
And obviously, Wednesday and Thursday were quite rough.
And then Friday really did break that kind of bear flag there aggressively as well,
not just a tiny red candle.
It was a big red candle.
In this case obviously yellow
but i want to see it kind of react at 550 but i also want to see it break 550 if this is like a
real move that people want to see um yes we might get a bit of a bounce we might come back up to
kind of maybe this level 555 maybe 557 and then make another lower lower lower kind of down
towards this kind of 544 and eventually
get into 536 basically i want it to break down a little bit more um that's what i'm looking for
and that's why i'm not going to be taking any kind of longer term trades for now not for the
plus side of course so um just being cautious basically so so right now we are down about
nine percent from the all-time high of spies if you're looking at about 535 536 that
will take us to about what 12 13 down from the all-time high so so you're saying you're looking
at at least another two to three percent downside uh in spy in at least in the coming weeks i would
say yeah no definitely and that's what i'm looking for and the reason i've got the pink line here is
actually because this is actually a gap
field.
You can't really see it on the screen here because obviously the quality of the stream
and of course we're not actually zoomed in that much.
But there's a tiny little gap there, which is why I've got the pink line there.
I'm just drawing it randomly.
But that's kind of why I've got that there.
But if we do get a bit of a double bounce and things get a bit more exciting, people
kind of anticipate Q3 and Q4 being a bit better for us, then of course we will get a bit of a double bounce so things get a bit more exciting as people kind of anticipate q3 and q4 being a bit better for us and then of course we will get a bit of a bounce of course and
obviously the market is six to nine months forward looking and obviously i've still got that 582 level
drawn there but for now it doesn't look great in my opinion uh but yeah any thoughts any last
thoughts inspired here okay i think uh monday is again going to be a pretty volatile.
It's no point predicting whether it will be up or down.
But as of right now, you're seeing the trend is basically uncertainty.
So one day you could see a 2% up, next day you could see a 3% down, right?
That's probably going to be the trend until we have a clear direction for the administration,
what the tariff is going to be, how it's going to be the trend until we have a clear direction for the administration what the tariff is going to be how it's going to proceed and then the second part of that is first u.s
announces the tariff and then you will probably have to wait for the reaction from the the impacted
parties right so you know european union is going to announce something canada is going to announce
something if you're going to put tariffs on india japan they will announce something china will announce something so the problem is you're not out of the woods on
wednesday when the u.s announces probably going into thursday friday again um you know the other
countries will announce and even mexico so keep that you know in mind but the other problem is, the other key is, if Trump backs down or he pretends to say,
okay, I'm going to have fewer tariffs on XYZ, you could probably see a rally, right?
At this point in time, we could completely see another bounce.
But the overall trend is still very negative at this point in time.
It's going to be a nightmare for Forex traders, isn't it?
It's going to be, yeah.
And I think the same thing is happening with QQQ.
They are both together, and we can go to QQQ as well.
Yeah, with that, we'll jump on to QQQ now.
A bit more of a zoomed out look on this one.
It's still a daily chart.
Yes, it's still a daily chart.
Obviously, we do have a bit of a breakdown here from that trend line that we saw with spy yeah and similarly i've drawn
a couple of pink lines here a bit of a zone if you will and this is just really big volume at
this level of 441. that's a bit more of a drop there i don't know what the percentage on that is
from the top but it would be a point of interest for me surely if you want to have a look at that
while i keep talking yeah i, I'll keep talking.
I'll tell you the exact.
On the other side of that, we do have this trend line,
which has been set to the downside.
So you've obviously got the kind of all-time highs-ish here.
And obviously, when we come back up and hit the 200 million average,
we've set another little high there.
So this trend line could be interesting for the future,
maybe a break forward, even if it's just for a short-term kind of release rally,
maybe back up to volume here for us to get down to kind of 460 maybe back up to 480 that kind of thing
um what was the percentage on that then okay we are 13 down from the all-time high and if we take
it down to 441 what would that be 441 we would be about 18 so now you're going into bear territory
right if you actually go above 20 plus
20 or above you'll be in the bear uh bear market and i wouldn't i wouldn't you know completely
take that out of the table and it could happen of course i mean just generally i've been how
we've been running since basically november of 23 i mean it's been pretty much straight up like a
straight up market.
But we do have a big technical indicator here
of the 50 million range,
maybe coming through to 200,
which indicates a possible trend reversal
and obviously market trend reversal completely.
So it could be a bear market on the way,
potentially, at least briefly.
I mean, you might see a 50x month
and then might turn back around again.
Obviously, with all the tariffs kind of taking place and all that kind of stuff,
things might be looking better.
Now, there are a couple theories, at least going around on CNBC and other channels,
is that there are few analysts that are predicting April is going to be a much better month
compared to what we had in March because generally April in normal years
are generally better for the stock market.
So we could see a rally. However, I think until the whole tariff situation kind of settles down
and we get back on track, I don't think this is ending anytime soon.
I think April has a very good chance of being better than March anyway just by looking at
the chart. This is basically the start of March up here and we've come all the way down so it's almost a whole month of just downside um so i mean if we have another
whole month of that kind of downside we're looking at kind of 410 400 which is obviously very dramatic
for the qqs of course it could happen who knows um and i'll be there for it i'll be trading through
through that kind of pain um obviously myself and the members um yeah now keep in mind in april we go back to starting the
earnings season which means now companies are going to now they have seen the first quarter
they report earnings it's not about the earnings it's about what they are going to guide for the
remaining two quarters that is going to be the key so and that could be that could pull stock
i'm pretty sure if gm and ford they will report earnings they're not going to be the key. And that could pull stock. I'm pretty sure if GM and Ford, they will report earnings,
they're not going to guide that we are going to beat the earnings
in the coming quarters if tariff stays in place for 25%.
That's a very good point, actually.
Keeping an eye on the earnings coming up, for sure.
So earnings season becomes even more important in April, May.
Yeah.
One to watch, folks.
One to watch.
Moving on to my pick of the week.
I've got CrowdStrike here.
It's a bit more of a longer-term pick.
I know you said last week that you looked at Apple for the longer term.
I've gone through a similar sort of thing here because obviously with the market, the
way it is, it's hard to pick a stock for one week.
I don't know why I have been pretty successful.
Okay.
I've been winning the last couple of weeks.
But yeah, for this one, I've gone for a bit of a longer term one,
and this is quite a bit of confluence behind it.
Obviously, CrowdStrike is a cybersecurity play, of course.
On the left side, we've got the weekly chart,
and on the right side, we've got the daily chart here.
We'll turn to the left side of the screen first.
Obviously, we are kind of sitting around 357,
but I'm looking actually at the 335 level.
If we can get back down to there,
which is actually a 6% drop from where we are now
down to the bottom, which is obviously not out of the question,
especially where the market is at the moment.
The reason I like it is because it has respected
this 50 moving average for the weekly chart quite nicely,
and especially in recent
times since kind of October, November of last year, and obviously very briefly in March as well,
beginning of the month. Switching to the right side of the chart, obviously you've got the daily
chart here. Big projection off of the 50 million average, which is fairly normal within charts,
and not the most concrete support around 200 million average, but maybe it will come down there and try and set a higher low potentially.
So I've got that 33, 335 level, sorry, drawn out there.
And that's a level of interest for me for further upside going forward
for more of a swing trading potential.
And obviously with that, I'd have a stop loss below somewhere around here,
kind of 300, of course.
But that's my thoughts on a possible trade there for for crowd strike are you looking at
crowd strike at the moment or are you just uh sitting sitting on your hands a little bit um
no right now i'm sitting on my hands for crowd strike but um let me see when their earnings
are coming up i think i might do an earnings split 310 so uh up 310 has already passed. I don't know why they haven't updated the
earnings here. I'm assuming probably they reported on 3-4 so should be around
6-10 maybe I think Seeking Alpha has it wrong on the website. So around June
time frame. By the way we have 31 down revisions for next quarter for
crowd strike so as we get closer to the earnings we might be able to play the earnings um but but
this is i'm definitely keeping an eye on my main watch list um i generally trade but i'm not trading
right now for crowd strike no interesting yeah so i hope that helps i think someone actually
mentioned i think it was man ram right at the beginning crowd strike so I hope that helps. I think someone actually mentioned it. I think it was Man Ram right at the beginning, CrowdStrike.
So I hope that helps you as well.
Obviously, we won't be covering that in the audience request
because we just took it here.
And that's it for me this week for my pick of the week.
Obviously, hopefully, I get another notch under my belt against you this week.
That'll be interesting to see.
You can follow me on EPS as well with the ticker, obviously,
SeanTrades underscore and YouTube as well.
And then you can join the trading community as well which I've got a new trade
which went live on Friday which
I'm pretty excited about I must admit
and I'm now live trading every Thursday
Thursday evening so
if you want to come and join my trading live
then you can do that obviously with the link in my
X profile you can see that there
right what's your pick of the week
well my pick of the week is going
to be google and i believe skills uh asked for this uh ticker as well so um google is at a very
very critical crossroad and let me just zoom in a little bit so right now i think what we are seeing
with google is it's sitting at a very very um interesting point and a very critical support level which is the 154.99 I would say
about 155 is the real support so if that breaks and it and most likely it might be the one that's
going to break there are a couple levels that you should watch so 142.90 is your 38.2 level on the
fib that is going to be a very very important level to watch because if that breaks
We get to the 139 level which is the key psychological support for this particular stock
And then the golden zone would be around the 135.42 which is over there as well
so right now what we are seeing at least from the from the chart is that
So right now what we are seeing at least from the from the chart is that
it is trading below its 50 day all the moving averages and I think if we add a 300 day moving
average is probably very close to there as well so you should definitely if you have this in a
long-term position this is something you should start to nibble if you haven't started nibbling
in. I you know I really think from a from a swing position i
would there are three trade ideas that i have actually published on my sub stack so you can go
and read on those three trade ideas but mostly there are bearish trades um there is only one
trade that i think you could play on the upside but for that it needs to a clean breakout and i
can give you the level as well well it needs to break the 177
182 resistance before you enter that trade otherwise you can mostly trade the bearish
trades on the weekly basis or on the monthly basis I the example I have shown in my article
is for April 19th expiration you can try that but again I'm not giving you any premiums right now because
the premiums change all the time as the market opens so whenever you're looking at but at this
point in time there is bearish momentum you know on the stock and we could see a short term bounce
but I think right now it's it's not looking likely that we will go back to the all-time high anytime soon.
Yeah, that 50 moving average is coming down aggressively, isn't it?
Yeah.
It doesn't look good at all for the short term, I guess.
But one thing I would say on the positive side, obviously, me being me,
you've got obviously lower price action recently at 156,
and it started around maybe 165 but on the RSI down here which you actually can't see let me change up the screen
a little bit down here we've got the RSI the lowest RSI is probably about 25 I reckon that
probably is if we do kind of make a bit of a bottom here that's an RSI divergence and that's
often a positive kind of indication
for maybe a trend reversal, at least a short-term trend reversal,
to the upside.
So I'll be watching that for sure this week.
So I think I'm going to write that one down, Google.
Yeah.
I'm in it long term, but maybe even just for a short-term kind of weekly trade,
if that was to play out, of course.
Definitely something I'd be looking for.
But, yeah, the inversion is definitely there.
I wish I could draw some lines on the screen, but I can't.
Maybe we can do it in the order's request.
But yeah.
Trading view.
So I'm just looking at the RSI,
how long in the previous historically we have stayed below or above.
So generally Google, once they are overbought or oversold,
at least going back to 2021, 2022 data,
they could stay there anywhere between three and seven
eight you know trading days so right now we are still not oversold on the rsi so we could still
see some further decline you know uh downward pressure and it could stay there for a couple
trading days before it you know comes back up so we might as well you know get one of those uh
levels uh retested because if
you look at the volume shelf there is the volume there's not much volume going at 30 yeah 142.90
is this is the volume shelf which is around the golden pocket right 139 135 that's where the big
volume shelf sits so that would be if we continue to see a decline that is where i would love to see the stock hold support
um could could it break yes but that's where most of the trading is going to happen at this point in
time so i think google definitely is to find this fitting somewhere for sure it's just where
i'm just thinking i might do that yeah just because the general market trend right it's not just the
google and if you look at all the max 7s and the percentage they have declined,
I think most of the, apart from Meta, which is in like, I think, less than 5%,
most of the Mac 7, I think, NVIDIA, Meta, not Meta, Microsoft, Google,
they're in the 12 to 18 range.
And then Tesla, of course course is above 30 percent since the
start of the year year today yeah it'd be interesting to see maybe i can get it up while
we're talking a bit later on you can do the year-to-date yeah performances yeah and i can
just drag onto the screen i'll use finbiz or something okay um but i think google yeah i mean
it's very interesting to try to look at obviously lots of things to kind of take from it and I hope our kind of perspectives and things like that maybe
gave me a bit of value if it did obviously do subscribe to our YouTube channel
I don't really plug that enough or like even at all I don't think I even
I ever say it do we we don't really say it do we sorry what what I was reading the comments
subscribe to train triangle I just put on Yeah, exactly. I never say it.
If you do take our opinions and perspectives as a bit of value,
then obviously do go ahead and do that.
But yeah, awesome pick.
Where can we find you?
Well, you can find me on X where I post very often, probably daily.
I'll go with the sub stack first.
So I did post this Google chart and the trading ideas. So definitely go check that out and subscribe.
And then, of course, I did post a SoFi video,
which if you're interested in SoFi trading ideas,
you can go check that out on the YouTube as well.
So those are the three channels you can find me.
Awesome, awesome.
Always great value here on X there.
The way you do your tweets,
you can make it nice and easy to kind of understand them.
So yeah, if you're not already, obviously do follow k on on x it's invest k you can see it
on the screen actually right in the middle next to his face right i'll get ready to get the charts
up if you can get the list ready that'd be fantastic the list is ready and the first one will be um
n u new holdings new holdings Haven't had that one for a little while.
I think last time we looked at it, it was looking pretty rough.
So let's have a look.
This is the weekly or daily?
This is the spy, but it's currently loading.
Oh, I see.
The internet, because I'm in a spare room in the dark corner of the flat.
I see.
So this is new holdings.
It's the FinTech for South America, I believe, top of my head.
Obviously, a big gap down last year.
It's not doing so well.
Had a bit of a bounce, actually.
A nice reaction in that zone, which I drew last time.
We obviously spoke about it, which might have been,
I don't know when that would have been,
but maybe around this sort of area.
Coming back into that zone.
So you kind of want it to react again, maybe in between this.
Let's have a look.
Maybe just $10 to $10.50, somewhere in between there.
I don't know who brought this one up.
Maybe they are a fintech investor, perhaps.
A Manram.
Manram.
Oh, yes.
A regular viewer.
We do appreciate a regular viewer, of course.
Long-term chart-wise, a bit of a head and shoulders kind of playing out.
Let me get the moving averages.
I think we actually had a question related to moving average recently.
So where was that?
What were the MA's parameters?
So I used a 50, the 200, and the 20.
You can see on the screen I'm adjusting them now.
The 200 doesn't exist on this because it hasn't been 200 weeks of inception.
But that would be the red line.
The 50 room image is the white line, and the 20 is the blue line there.
I don't normally use the 20 too much, but it's always there.
It's always handy to have.
Anyway, I ran a little bit.
Have you found anything on new holdings?
Yes.
So basically, the last earnings, they did miss the revenue by a pretty wide margin of 183 million.
The upcoming earnings will be on 513.
And we have two downward revisions.
So interestingly, the miss on the revenue was two quarters ago was 3.38 million.
And then they lost second quarter, the previous quarter, 183 million.
So that's a very big, wide margin of a miss that they had,
especially when you are only generating $3 billion in revenue.
Now, I don't follow the company that closely, so I don't know why they missed it.
So maybe Manram, if you're following the company, maybe you might have a better idea why they are having this big margin miss.
But that's concerning, right?
Two quarters in a row row they have missed the
revenue and I don't know if they have guided soft they still have a buy rating from Wall Street so
that hasn't changed but the valuation and other factors that profitability momentum revisions
are still not up to the mark short interest interest is pretty low, 3.61,
so there's not much chances of a short squeeze happening
or the stock price going up crazy,
but it's still like a $50 billion company.
It's not a small company to sneeze at.
No, and heading back to the chart,
I've drawn this zone out a bit clearer for people to see
in between kind of 10 and and 10 50 as i mentioned
before um but two possible outgoings obviously this one to the upside coming back up to these
recent peaks and also to the downside as well if we continue going down if we do break this low
which looks more than possible at the moment then retreating back down to the eight dollar level
looks um looks likely in my opinion um what's next one okay next is
snowflake snowflake oh yes this is one of yours yeah i mean um snowflake beautifully is heading
down to fill that gap between uh 135 sorry 137 to 145 i'll'll basically wait for Snowflake to fill that gap. There is absolutely
no indication at the current market that we will see Snowflake actually going and filling the gap
above the 195 and 24. So since that's not going to happen anytime soon or at least doesn't look
likely, let's wait for the snowflake to fill
that gap and for the long-term position because i also have a long-term position i will only add
once we have the gap fill completed so none of no part of you wants to add at the 200 moving average
no because there's they are very close to the gap fill so you know i could i could add at this level
i could also wait for the gap fill to complete and actually the gap the the 200 moving average is actually middle of the gap fill
the 142 level yeah so i would not be surprised if actually it breaks a 200 moving average and
let me see when is the earnings is coming up on they're saying it's 321 321 is already passed so seeking alpha needs to fix the
21st of may i've got yeah 21st of may that's probably the one so we have a couple months to
go for the earnings uh they do have a solid 20 up revisions but in this market and this is where
my this is what i mentioned in the sas space right right? If you continue to have these tariff wars,
it doesn't just impact the manufacturing companies.
It starts to impact other companies
because then they will hold off on spending
on products and services they would buy in general, right?
They need to save, preserve cash.
That's going to impact the SaaS companies
because they rely on a B2B business
model here.
Like, for example, GM, Ford are companies that will probably buy softwares from Snowflake
and other companies like these, right?
So if they have to hold cash or hold cash, they are not going to be spending money on
their IT products or increasing licenses. So it becomes difficult to not just buy, sorry, get new customers, but also to expand within existing customers.
Do you think that's been taking place for a while now?
Well, SaaS has been hit since 2021, 2022, where companies had been pulling back.
But they were on the path of recovery in 2024 when we were very positive and we were upbeat
that SaaS probably is going to start recovering as the whole industry in general but again we are
back into the uncertainty and for any the when you have uncertainty in the business they put they
pull back you know they will wait for the maybe as close to the year finishing before making those decisions
right because you could have layoffs but before any company that decides to lay off people they
will first cut their spending down on it products that's that's generally that how it happens
in companies they're not just going to go and fire people right they will first see
how can we reduce cost and the best way to do that is cut on software cost. Yeah. And you're seeing that reflected. Yeah. Yeah. Awesome. Should we be able
to do that one? Okay. Next one is BND. I've never, I don't know this one. BND. BND? Yeah. It's a bond market, index ETF. Interesting. We haven't had that one before.
When it eventually loads, I'll have a look at it.
There we go.
Need to get better into that by looks of it.
So we have it.
I mean, I don't trade this.
I probably won't trade it for a while just because of this dramatic price action on the screen is literally only
five percent worth
five percent downside and on the maximum side so even from the bottom to where we are now i mean
it's good if you've got you know a ton of cash sitting on the sidelines and you wanted to put
it in somewhere you this is obviously bonds that's where it becomes attractive treasuries etc
um yeah it's not a fast enough mover for me i'm a bit more of an active trader in that sense uh you're the same as well okay or do you invest in bonds as well i know a lot of
them i mean i do have a 20-year treasury tlt that where i invest in but that's more for long-term
perspective and also take advantage of i think the reason probably the the viewer asked or the
audience asked this question is because i think in generally the theory is that the administration is
trying to get people into invest more into bond like get the money off from the equity and put
it in the bond market that's the generally i'm hearing on cnbc at least from the experts uh
maybe that's the reason but again this is not a trade. I wouldn't be trading at least this one.
Like if you can look at TLT,
that might be a better trading opportunity for you.
The 20-year treasury bond.
TLT.
Yeah.
That is where,
that is if you want to trade it,
you can probably trade it.
But I'm mostly looking to,
you know,
I just keep buying it on dips
and keep adding to my long-term portfolio
but the the idea is that once the yield comes down you will start to see the price rise for
tld and that's that is what the goal is for the administration right to to get into the
bond market move the money into the bond market as much as they can
yeah so the bond market kind of decreasing since 2023 yeah and also i'm not a big expert on bond
side it's a i don't trade bond you probably will find other channels that specializes in bond
trading you know that you will probably find better inputs from them on the bond side yeah
we're not going to start diving stuff we don't want to talk or we don't we're not going to start diving into stuff we don't want to talk about. We're not educated enough on the bond side to comment on.
All right, I think next one is our Mag7 Meta.
Yeah, I mean, you know, I would say Meta,
if you are a long-term investor sitting at a very nice spot,
right above the SMA, right. That's, that's great. I, um,
this stock has actually held pretty well compared to, you know,
the other stocks in the max seven category from the,
from the top all time, we are down 21%.
I think it's because this one ran up so much before.
So it ran up more than Google, more more than amazon that this kind of drop although it is dramatic it doesn't look as bad in the long run
yeah i mean year to date this stock is down only one and a half percent exactly whereas compared
to other stocks it's uh it's probably the best performer right it is the best performer yeah
in your portfolio and but yeah
like you said i mean adding here is not too bad for the longer term perspective but trading it
will be tricky um for me i've got the zone drawn already on this on this chart between 566 and 595
and so what i would like to see is kind of come out of that zone and then i can trade it out of
that zone if that makes sense so i'll just draw a couple of squiggly lines and if it came out of this 595 and some soon just come out a
little bit of bounce and move higher um same to the downside like that so just a really clear
simple retest and move in either direction doesn't matter which one um but i don't trade meta too
much but i do keep my eye on it yeah i do keep my eye on it
yeah and then and i think you can if because we it's hard to predict the direction right now
um yeah and if you want to pick a direction of course you know you can pick the direction and
play the play that uh otherwise if you don't want to be and you want to stay neutral you can
probably use a strategy like iron condor where you know if it goes down you will still make
money as long as it's not beyond the the the iron the condor that you have selected on the downside
or the upside as long it stays in that range you will still make money so in situations like these
especially stocks like meta iron condor could be a very good strategy for running a monthly trade on this one there you go okay spoken
possible iron condor for for meta um yeah it's interesting to see like stocks like this i mean
people will say in a couple years time why didn't you buy very clearly at 566 as an example
and then it's an interesting kind of theory because we're in this situation now we're obviously we're uncertain donald trump is kind of doing what he wants to do the uh inflation's
kind of hot and cold hot and cold and then you've got you know just general kind of emotional
thoughts about around the sort of stocks and your money being in those stocks the point i'm getting
to is the fact that obviously adding to these types of companies and the kind of big tech companies over time has proven to be a decent, and this is Intel, a decent kind of strategy.
So yeah, just keep that in mind. Have a look at the long term. Keep looking back on the weekly
charts and the monthly charts. Don't just look at the daily charts, I guess is what I'm going for.
I went for a point there, but I wasn't sure where to go with it. So I hope people took a bit of
value from whatever I just said. I think you hit the nail on the head
right so question is if you are investing the the idea is very simple when you start hitting those
100 day moving averages 200 day moving average you can even add a 300 day moving average once
the good quality companies start hitting those levels that's when
you start adding it doesn't matter you know what the market is saying you add those at those you
know long-term moving averages in general in long term your portfolio will be up because it's not
like meta is finished right this is every time they will say it's it's this time it's different
no it's not different it's gonna go back things will be fine we are just going through this uncertainty
phase once you have certainty coming in market will be at an all-time high and then the problem
what ends up happening with most people's mindset is you tend to buy at the high because you want
the confirmation that the the the wind has changed but that's where you need to understand it's
actually pretty straightforward if you buy at those long-term moving averages good quality companies
not meme stocks you know with all due respect to no offense to the meme stocks but good quality
companies if you buy at those moving averages your portfolio will remain up in long term from
an investing standpoint trading that's
a different ballgame altogether the free cash flow machines yeah i mean i mean meta google amazon
amazon yeah mac 7 we'll we'll touch tesla at the end i have a different theory on that but uh
let's move on next is next is nvidia man this is like uh it's causing me heartache
nvidia i haven't looked at all week actually one of those stocks that stick out of my uh
my uh my range i wonder where it's at 109 okay that's interesting yeah so nvidia
well i don't know what to talk about nvidia because it's just getting thrashed uh i know that it's um
talk about nvidia because it's just getting thrashed i know that it's um not i everybody
probably knows you know nvidia but it's just the the challenge of i think what has happened is
ai in general the usefulness of ai apart from generating meme images writing emails you are not seeing companies able to
monetize and the most recent news I think it was from Microsoft and another big player it was
Amazon or Google they're pulling back on scaling their data center or it was meta I think one of
those Microsoft was definitely the one that announced and there was another one
so if the hyperscalers are going to pull back think about all the other companies they are not seeing any benefit of AI or at least monetized benefit even Apple you know they haven't been
monetized been able to monetize anything right so that is where the challenge is coming in i think it's
at least for the for the short term uh the the rollout of deep seek and other ai products from
china showed you that hey we can do it cheaply so that definitely has changed the narrative i think
the narrative was changing from last quarter and if you actually follow the... I forget the name of the person.
It's on my...
Let me find the name of the person.
He was a big NVIDIA bull.
Let me see.
If you go on my profile and you scroll down,
Ashwinathan Damodaran.
I think that's the guy's name.
I think you should go and follow him and look at his Twitter feed on why he is bearish on NVIDIA.
He was a big, I think he's a professor in NYU.
So he has this theory on why NVIDIA and the AI trade is not going to play out.
And I think you should definitely read that if you're an NVIDIA bull.
But the crux of the matter is that we are not able to show the monetization
impact on businesses when they are spending this much money this fast to scale up
is that something you can put in the chat the link for that yeah i'll have to find it i'm not
able to find on my feed i've been uh shit posting a lot lately so i need to find where where did i
post that if you find it and just stick the link in the chat and
people are gonna have a look at it if they want if they want to yeah i'll definitely find if i
can't find it right now i'll find it where he had that conversation and i'll post it on my twitter
feed awesome i think going back to the chart i've had this level drawn between and it's always been
a dramatic one it's always been one that i've kind of thought it probably won't get there um but it's looking like maybe it will get there it's between 86 and 95.
um it's obviously where a lot of volume has been coming in especially on the weekly and the daily
charts of course my internet is just really weird at the moment i'm not too sure what's going on
there we go the volume is back um but you can see a bit of rejection after the 50 million average on
the weekly chart which is never good to see um obviously it's not gospel of course but um going back to the daily chart you can see here below the moving
averages i like a lot of um kind of mag 7 stocks um but yeah lots of volume around this sort of 85
to 95 area so maybe that's where people might be looking to add long term i know i am um for sure
i'm leaving where it is it's in no man land. It's doing what it wants to do now.
But I think for the long term, 85 to 95 would be good.
Until then, I'll just hold my position.
So it's not a trade for me.
Obviously, it's a long-term position.
But yeah.
NVIDIA, that's that covered.
Yeah, next is VRT.
VRT.
We've had this one a few times, I think, recently.
Yes, and I forget every single time what they do.
Yeah, you can't remember everything, okay.
Again, below 50 and 200.
It looks like I drew a zone at some point as well,
between 79 and 94.
It looks like we're dropping down below that
with a couple of gaps as well.
I'll zoom in a bit more so people can see.
A gap created here and a very small gap created here as well
in the last week, basically.
So I don't know the dividend-paying company.
They do pay dividend, and their forward dividend rate is yielded 0.2.
So it's like the NVIDIA and other big players.
It's not a dividend company, basically.
You're not buying the stock for dividend.
Yeah, it's just nice to have rather than me to have.
Yeah.
What do they do again?
So they are also, let me read it down.
So they, together with the subsidiary,
they design, manufacture and service
critical digital infrastructure technologies
for data center, communication network and commercial and industrial environments in US and other
parts of the world. They offer AC and DC power management products, switchgear and bus bar
products, thermal management products, all that stuff that you require to build data centers and
stuff. So I think I have it in my watch list, but I always end up forgetting this one.
Their short interest is pretty low as well.
It's a almost $29 billion market cap company.
Their financials are pretty good.
They have a net income of $147 million.
So it's a profitable company.
It may technically look awful at the moment.
Yeah, and they're going to report earnings on 425,
which is, what, a month from now?
And they will be, yeah, I mean,
they're guiding a little bit lower on the revenue.
So their revenue came out to be 2.35 billion
in the previous quarter they report. They are to be 2.35 billion in the previous quarter
they report they are guiding down to 1.94 in the coming quarter so uh if they miss that
i think we might see a little bit more downside on this talk so possible rsi divergence though
means the buyers are coming in even though the price is going down.
So it makes a bit of a possible reversal there going down.
It's the only positive I see, basically, on the technical chart.
Obviously, lots for it to do.
It's broken the support line, which, you know, is not possible.
Of course, you can bring that support line down to here.
Let's do that now.
Which, again, this could add to support as well.
So, yeah, I mean, yeah, I don't mind it here, actually. here let's do that now um which again this could have to support as well so yeah i mean
i think yeah i don't mind it here actually but it's hard to buy stocks in this kind of environment
for the upside out of the bottom doesn't make sense is it yeah catching falling lives and i
and i think if let's say you want to buy the stock right and it's part of your core portfolio
buy it and see how the next earning is because they are clearly guiding down on the
revenue which means that if they are guiding down for the next quarter are they going to guide down
further you know below the two billion dollar revenue so if that's going to happen again you
will see retracement on the stock again unless they blow blow it out of the market but here's
the problem like if if you are in the business of
data center and hyperscalers
are going to pull back on building data centers,
that's going to impact your business.
yeah.
Next is Confluent, CLF.
Thank you for the
4,000 plus viewers.
We really appreciate it.
No, sorry. I take it back. It's not Confluent. It's Cleveland Cliffs.
Oh. Which one's that?
CLF is Cleveland Cliffs. Yes.
CLF. Okay.
Cleveland Cliffs. I wonder what they do.
I'll tell you what they do.
They're not doing very well. Their last two earnings has not been brilliant.
So they operate a flat rolled steel producer in the u.s canada and internationally i think this is
this business i think you should right now do not trade this just because i heard the word steel
and with tariff um all around the all around us i think and especially canada and and steel
those words don't go very well together in this market right now all around us, I think, and especially Canada and steel.
Those words don't go very well together in this market right now.
I mean, for my long term, I know the chart looks a mess at the moment.
Hang on.
But this is the monthly chart I brought up.
You've got a very basic trend line drawn there.
Typically, you draw from the blocks.
So I'll just readjust that. So maybe people are looking down towards the 672 ish area that would be interesting to see if they get a bit of
a bounce there of course if you see further downside for the steel industry then you can
play that down to that line and if you're feeling really risky which is another 20 plus which you
know everyone's different everyone has different trading styles
we we like to kind of give our perspectives and that's my perspective it's a 20 downside we've got
lots of volume at this level as well so interesting to see that actually yeah i won't be trading on
myself but uh yeah yeah the problem is with the trading on this these kind of things are like
this is directly in the crosshair of your uh tariff right yeah yeah and you have the steel aluminium tariff right so you you would
you don't want to uh put yourself in um the probability here where the chances of it going
down is much higher you can actually you can probably look and shorting the stock if you like
it yes that's what i'll put on the screen. It's possible short of 20% of the downside.
Okay, let's move on to the next one.
So I think the couple folks are asking,
have you taken a look at Celsius and AMD?
So yeah, so we just keep throwing your tickers on the request link,
and we'll keep going based on as we get it.
So we are on Amazon now.
Amazon.
Yep.
Look at that. This is actually
the monthly chart. I'll dive into the weekly chart.
So while you pull that up, let me tell you
Amazon is down year-to-date
12%.
It's just crazy, isn't it?
It was down 1.5% year-to-date
and look at Amazon, down 12%.
So I've got this level of 184 and 189 drawn out, the zone.
It didn't quite reach there a couple of weeks ago.
It looks like maybe we're getting a hard rejection off that 200 level.
Maybe we'll come back down and get into that level.
And that's, I keep saying level.
But this area, the zone, is where I would like to add
to my long position and possibly start a swing trade depending on where the news is at the time
um maybe even just take you know a half a position or something like that just to
not have too much size on i think that's an important thing to mention especially with all
this kind of noise and uncertainty is to maybe take you know smaller positions into your trading
um just because the volatility is just absolutely crazy at the moment.
So, yeah, I mean, anyone can tell you that.
Any trader can tell you to size down throughout volatility.
But people like volatility, like me.
Any thoughts on Amazon?
No, I think, again, a good quality company overall.
I mean, I have not been adding on Amazon yet.
I'm basically taking advantage of the Google drop because I want to build both of my position. So I'm just giving more
weight to Google as of right now than Amazon. One thing I would be keen to look at actually
for Amazon, and I think you might be looking at this as well. And if I just get rid of us temporarily on the screen,
you've got RSI down here.
We've set the low recently of 26, which is not amazing.
It's not really low.
It's nothing too noticeable.
But we do have a higher momentum here.
So if we do come down to the zone and we keep the RSI above this 26 level,
that would be very, very interesting for me, for sure.
So keeping an eye on that one um for
sure i mean it's still for me personally it's it's down 12 but it's not like at a level where oh man
this is like this needs to go into my long-term portfolio right away i need to add more actually
uh in at those levels so that's the reason um okay next up is uh tesla we already covered google so we'll
skip to tesla yeah we covered that in uh k section so if you did miss that obviously just rewind
probably about 20 minutes or so i'll catch it in the post recording on youtube of which you can
obviously go to the trading triangle on youtube and hit subscribe and we'll be there every weekend
for you to have a look at i'll let you talk about tesla because i know you've got your theories
well uh why don't you first tell me about the technical aspect and then i'll give you then i'll
then we can go into a little bit more uh on how i feel yeah of course um so recently obviously we
filled the gap down here kind of 10th of march area uh we came back down to set a bit of a higher
low so that's interesting maybe we could draw a line just quickly through that that area so maybe this could be a point of interest in the coming weeks
um subsequently we had a bit of a pump up at the beginning of the week nice really big big green
day i think it was about 12 13 percent at the top of my head yeah i think i think so um and obviously
we had a bit of a hard rejection of the 200 million average yep all while this is happening
by the way the 50 million average is curling down quite aggressively. So we do have to be aware of that. It is related to news. Obviously, Elon's
very closely tightened with Trump. And obviously, that's a different discussion. It's a bit more
political, of course. But it does affect Tesla in certain ways. I think that's what Kay's going
to be talking about. So I'll hand you over to Kay for that sort of side. But technically,
we're looking a little bit messy.
I'm staying away from Tesla technically at the moment.
Are you looking at that gap that was created between 250 and 256?
That's the gap?
There's this one here, yeah. I mean, I am looking at it, but I'm hesitant to trade Tesla at the moment.
There's much better names out there, especially on the big side,
Google, Meta, Amazon, that kind of stuff, looking a bit more,
you know, easier to trade, not necessarily, you know, better to trade,
just easier for me and my trading staff for sure,
especially in the daily timeframe.
Do you know when they are going to report the delivery number?
It should be coming out in a week or two weeks now, right?
I mean, Tesla deliveries come out on the second or third
generally second third of the month of the month so you'll see it on wednesday or thursday
okay okay okay so a couple days after yeah so another liberation day for tesla then yeah okay
so i mean i personally think if the delivery numbers come in line with what they are expecting, I don't even know at this point in time, what are we expecting? Because when you hear CNBC, they are saying we are going to see bad numbers, you go on X, you hear, this is going to be the best quarter of the century or whatever.
I don't even know what they're going to guide for the numbers.
I'm assuming it should be lower.
If all the news that is fake news as per, you know, you know, the side of the aisle,
then just wait for the numbers to release at this point in time.
I'm with you.
I'm actually not touching because most of my stop gaps have been actually filled, unfortunately,
because what ends up happening is from the last two weeks, we are seeing this massive
pop up or massive gap
down on tesla like one day we'll have 10 12 and then for the rest of the week it's basically
chopping and if it's down then it will go back up in few percentage points and if it's up then it
will go down few percentage point pretty much you know creating stairway right i mean staircase over here it's it's still news driven and i think
we will probably see a little bit more leg down at least for a couple more weeks until we have
that narrative switch going into closer to the robotaxi event i think that is the what you should
be aiming to really profit from on tesla trading It's like the euphoria that should build going closer to the robotaxi event.
I think just going back to the delivery numbers
and the anticipation of them being lower and for some time now,
I think obviously Europe has said that they're not buying Teslas as much.
Obviously China's got their own vehicles coming in.
So the Chinese people tend to buy their own products, I think, more so.
So I think that's reflected in the chart as well.
So you can see that maybe already playing out, that narrative of, you know,
deliveries are not going to be so good, therefore revenues are not going to be so good,
therefore the stock has declined.
And that, on top of what Elon Musk does, it's not a good recipe for a positive stock price movement,
at least not in the long term.
We might see little pops like this.
But yeah, of course, it's going to be volatile.
It's basically the whole message around Tesla.
That's why it's a bit messy.
That's why I'm not looking at it so much.
So on my X feed or Twitter feed,
I posted a video from Forbes
that they did this 20 minute segment
on tesla i think if you're an investor in tesla i think you should definitely go watch it uh watch
it with your with an open mind um it's and and i think for the china market which is very
important for tesla the the problem is that oh in market, you really have to compete with your competitors like BYD and others that we don't even know of.
I mean, we only know of NIO, Li Auto, BYD and a couple others.
But there are a lot more car companies out there and at a much cheaper price.
Also, Toyota and the Korean car companies like Kia and Hyundai, they are also launching cars which are competing at those price levels.
So I think what needs to be looked at is the competition, especially in the Chinese market.
Whether Europe is going to buy the cars or not, whether Canada is going to buy the cars or not, those will be reflected in the numbers. But I think watching that 20-minute segment on Tesla will definitely help you to have
a perspective.
I still think things could turn around for the company, but at least it's looking a little
bit very dicey, at least moving towards the RoboTax event.
And I really think that event has to be executed with 100% perfection.
If they have a misstep in that event,
I think we are in for a lot of pain in Tesla.
I think especially at the moment, yeah, for sure.
Yeah.
Noel says, thanks guys for covering VRT and CLF.
You're very, very welcome.
Glad you took a bit of value from that.
If you did, great.
What's up next, OK?
Next is the AMD.
AMD, OK. Yeah, up next, Ake? Next is the AMD. AMD, okay.
Yeah, I think it was doing pretty well
until the recent, again, in two, three days back.
Yeah, it's...
So all these lines do actually mean something.
Everything that's green is a gap to the upside
and the red one is a gap to the
downside. So personally, I'm looking for this gap to be filled, of course, at 101, let's say.
And then we obviously hit a certain bottom here at 94. If we do fill that gap and make a move back
up to 108 and 110, that's another little higher low, in my opinion. So that's a positive move for
AMD. It's been beaten up for a very
long time now obviously you can see that reflected on the screen um be interesting to see what they
say the next earnings call which is rumored to be around about 6th of may yeah not too far away
but what i'm really getting at here is the amount of gaps on the screen is there's there's plenty
to fill um and there's more to the upside than there is to the downside,
which is, you know, it's interesting.
And I will say this, by the way, if this 94, the yellow line that you have,
if that was really the bottom for the stock,
and now we are actually in the uptrend of making higher highs,
we might still not make higher highs, you know, in a very steep fashion.
We might be slower. You know, you know, in a very steep fashion. We might be slower.
You know, it may be, it may, it will take time,
but we have been on a downtrend since March of 2024.
Like we hit the all time high in March of 2024.
It's one year, 12 months.
The stock has been basically declining.
Yeah.
Very, very depressed stock.
What was that acronym for amd uh advanced money
destroyer that's what it's going on these days advanced money destroyer i think a lot of been
a lot of people have been feeling that in the last 12 months for sure yeah yeah
yeah move on to the last one oh yeah yes you were going to say something okay uh what was i saying
i forgot the thought word.
Okay, well, never mind then.
Real to Celsius, that'll be our last stop for the day.
Again, we do really appreciate.
Oh, actually, one more after that.
It's my MU after that.
I'm sorry, yes, I missed the one from Julian.
Awesome.
Okay, we'll cover those two then.
We'll cover Celsius and MU, and we'll call it a day there.
Yeah.
Celsius. Well, actually, where do I start we'll call it a day there. Celsius.
Well, actually, where do I start?
I mean, this is the daily chart.
We're coming up to the resistance of 200 million average.
Looks like it's really struggling to get through that.
Perhaps this could be a bit of a short-term trade.
Now, where do I start with this?
Obviously, draw a bit of a trend line there. You might have to go down into the smaller time frames for this one
for sure maybe i'll dive into this in a bit more detail on my channel a bit later on this looks
interesting actually um are you interested by this immediately or not so much no so i recently
closed out a position i think uh maybe a couple weeks ago i closed out a position out of it when
we had that massive uh gap up right after earnings
right after earnings or what something they announced uh yeah it was earnings it was earnings
right so mid-february 221 is when they had that massive pop and i and i said i'm taking my profits
and i am closing my trade and right now i'm just holding on a holding pattern um i'm not trading
this right now so you're gonna have that as a potential trade um while k
was talking now is basically just drawing lines and potential what could happen uh the reason i
like it is because obviously we've got the recent support here of this area uh 34.50 ish um if we
break out of this kind of mini wedge i guess would be the way to say it. Come up out of it, come back down, retest the sort of area.
Again, it's kind of coinciding with the 3450 level,
and then hopefully plain sailing, loiter 45,
eventually, not straight away.
Yeah, but my concern is that they have been rejected
at least four times by the 200-day SMA.
So unless they have a very clean breakout and 200 becomes a support,
I think I'll, personally for me,
that's what I'm waiting for.
Yeah, that's what I mean.
So if we can get through that, then that's great.
That's why I like it.
If we can get through that hard resistance,
it means it makes it even stronger support,
you know, essentially that's what it should do.
At least we'll see what happens,
obviously what happens in future price action.
Awesome.
I think Southend's recovered right there.
Yeah, NASA's MU.
MU, Micron Technology, here we go.
This is more sort of your area.
It looks like it's very range bound to be honest.
Yeah, it's a perfect stock for selling option,
but the problem is the range is a little bit too wide.
So the range that
i have it is 84 to 114 right um but if you want to draw a smaller range i would say 95 to
84 to 95 that 10 range is when you can probably if you sell options that that's the range that i
would target to sell options on like doing the wheel strategy on this one.
Yeah, there's a very clear range that's been established in the last six months, basically.
Yeah.
This is the perfect stock for actually...
And you can even look at running iron condors on this one
or credit spreads, right?
You can run actually all these uh spreads right now on this uh you can
you can use the 200 day sma as your the i guess the call spread right that could be the one with
maybe five dollar down or something like that i mean i i if you i what i'll do is i'll put a couple
trade ideas for mu on on my twitter uh what it looks like but it's this this is a range
bounce stock you can definitely do wheel strategy on this one but sorry but i'm saying it has to be
weekly you don't try a monthly one because we don't know what's going to happen in this market
where we are so news driven every day um i am more comfortable running a weekly strategy than a monthly.
I think for me, this level of around about 104, 105,
I'll draw a circle so people can see a bit more.
And there's a lot of lines on the screen.
Yeah.
But if we can get above this trend line that's been coming down,
which I've just kind of manufactured while you've been talking,
if we can get above that, then perhaps that might be a good trade to the upside
but that would require a lot of market um influence let's say yeah i mean you can definitely
look at i mean right now based on how the it's trending downwards you can definitely look at
call credit spreads iron condors wheel strategy um so there are ways you can trade these this particular uh
stock because it's range bound yeah awesome well i think we've covered it quite well we've covered
quite a lot of stocks tonight it's been really really enjoyable i've written down quite a few
names um so thank you once again for sticking those in there we've almost reached 5 000 viewers
which is a new record for us,
which is pretty impressive given the market the way it is.
Maybe people are looking for more insights, more perspectives,
and that's obviously what we provide here.
But, of course, none of it is financial advice.
We just love to do it, et cetera.
We'll go back.
We'll take that away, and we'll bring ourselves up here.
Obviously, massive thank you to Wolf.
We also use the platform.
We won't be able to get anywhere near as many views without this without the support of wolf financial um of course
do you want to close out i'll let you close out the rest of it perhaps no i think you did a pretty
good job you do the opening you do the closing that's fine but all i'll say is trade safe guys
next week the liberation day um i mean my my take is from an investing standpoint is keep your head straight out, buy on those big moving averages.
And that's pretty much it.
From a trading standpoint, just be careful and size accordingly.
Yeah, I think from a trading point, especially with this volatility at the moment, just make sure.
So people often let the winners run, et cetera.
But in this market, it's very tricky to do that because it's so choppy.
So maybe just take some of the profits and the target prices
in a bit of a smaller ranges.
So you kind of rack them up in smaller amounts, should I say,
rather than going for the big wins
because you're not going to get the big market moves in this market.
You will eventually, of course, once everything turns around, whether it be the downside or you know the upside that's that's different a different story
but yeah um we're kind of rambling on a little bit but yeah just be careful of that and make
sure you kind of take every trade for what it is rather than what it can be um if that makes sense
and all i'll say is that we really appreciate all the folks who are tuned in live requesting
and chatting on the line so we couldn't
do without you guys so really appreciate that yeah we actually hit 5 000 just now so that's a
reason to be very very cheerful and we'll take that into next week we'll be back same time next
week 1 p.m eastern we hope to see you uh yeah then take care trade safe everyone and see you next
week okay take care
