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Trading Weekly $SPY $QQQ $PLTR $AAPL + Audience Requests!
Recorded: March 23, 2025 Duration: 0:57:29Space Recording
Short Summary
In a lively discussion, traders analyze market trends, highlighting the importance of adapting strategies amidst fluctuating conditions. Key insights include the impact of consumer confidence on market movements, the potential for growth in innovative sectors, and the significance of risk management in navigating the current trading landscape.
Full Transcription
Hello, welcome back to the trading triangle once again, how you doing? Okay. I'm doing great. Happy Sunday to everybody
Yeah, happy Sunday's a bit miserable here in the UK a bit different to last week, which are nice and sunny
What I also like what's it doing there? It's little a little chilly today, but it's sunny
So as long as the Sun is out, it's not bad. The Sun is out and the people are out. That's always a good sign
What's we just a couple of guys looking at the charts and it's not financial advice
We just love to do it and hopefully we can get a bit of kind of um, no help from some new guys as well
I can hear feedback
Are you playing in the background? Yeah, so sorry about that. You're distracting me there. Okay
Yeah, no worries. No worries. Thank you once again to wolf and actually to platform. We really really
Appreciate it. And of course as always put your tickets down below in the comments
We'd love to hear them. We'd love to see the new tickets as well. Not just a mag seven, etc
So keep putting on those tickets and we can get to those a little bit later on
Let's have a look at the chat. See what's going on. Hi here from the lolly. Hello. Hello
Hello, hello, and yeah without ever, we'll get back into the spreadsheet,
which is actually a slideshow.
There we go.
Well, I mean, last week it felt really green,
but actually if you look at the numbers,
the spire and the QQQ actually wasn't that green.
It's quite flat on the week.
But throughout the week,
I don't know if you felt the same, Kay,
but it felt quite nice. And so you can see that represented on the screen here,
lots of green squares and oblongs, of course. But yeah, what were your feelings on the week overall?
I think overall it was a pretty flat week, I would say. So if you were a day trader,
I think you really enjoyed the week because you would be able to scalp, you can be doing day trading.
But if you are just a long-term investor, you probably did not see much impact to your
portfolio.
One day it went down a lot, next day it came back a little bit up.
And that's exactly what you see.
You're up like 2%, 3%, some of the stocks.
Nvidia was actually up throughout the week.
And then after they did their GTC event, it actually went down and actually then came back up on
Friday so pretty much flat, 0.8%.
So nothing great, even on the overall SPY and QQQ you will see the similar numbers pretty
flat around.
I think the market has mostly turned towards it's very news
driven market now at this point in time. Yeah, every day something comes out
and we actually have a lot of activities happening from this week and the
following week a lot of interesting news. So yeah obviously we had the FNC meeting on
Wednesday as well and obviously the rates were unchanged And I think that was to be expected wasn't it?
I mean it was expected not too surprising there been just to see what happens in the next meeting whether that is
And we can see some numbers on the screen here. Obviously Apple up 3% will get to that a bit later on
I think that's K's pick for the day
What bit for the week should I say and obviously Microsoft up 3% as well and flat from video Google and meta pretty much of Amazon
And Tesla so yeah a flat week overall
So before you before you move last week you picked up uber I picked up Nvidia
So you apparently won because you were up 3% for the week and I was down 3% for the week or 0.77. So
We made let's make that clear that you won on the uber trade. I see I've got some different numbers here
I've got plus 5% for uber
Great so I beat you by 9% so that's one week for me. Yeah, they're like a little tally going
I think from now on so but the problem is I don't always provide you a weekly trade
I sometimes I provide you swing trade so
But for last week in Nvidia was my weekly turn I did not know that Nvidia would be trashed after the GTC event
No, of course. I would that would move on to the next slide and what we have is the fear and greed index
We're still sitting in extreme fear believe it or not, which is makes sense because we're basically I'm training all week
Obviously, we've got spy up only 1% Q basically flat. And again, the same with IWM.
So yeah, pretty much a flat week overall,
even though it didn't feel like that for the week,
as you just mentioned.
Do you want to talk for us some key events for the week there,
okay?
Yeah, absolutely.
So Tuesday's going to be a pretty interesting week.
We'll be getting the consumer confidence index number.
And I think that will play a big role
on how the markets react.
It wasn't a big deal maybe last year, but I think now we'll have a little bit more impact
on it.
We have the jobless numbers coming out on Thursday, and then the big one is the GDP,
which is supposed to contract as of the last week when we heard from Atlanta Fed that the
GDP will contract quarter over quarter.
Let's see how that plays out.
But those are the
big events for at least I'm watching for the coming week. Yeah, we've got a comment here from
Buzzy, which is a great name. Can you comment on the nuclear stocks that potentially will help
power data centers? So I think one is called Oklo. I think they actually they do earnings,
I think on Monday night. So it'd be interesting to see but not that I have much in the way of
comments of how they help power data centers. Do to see. But I don't have much in the way of comments of how they
help power data centers. Do you have anything?
I don't have anything specific on that. I do know that I have added it as part of a watch list.
a couple weeks, a couple months ago, I think it was,
I would say the last quarter of last year, the fourth quarter of last year, I think it was pretty much just running up, especially when Amazon was looking to, I guess,
buy a nuclear plant.
There were a couple other ones as well.
So there was a lot of buzz around it.
I think it will have this wave kind of flow with the nuclear reactors and the energy stocks because I
think you definitely need energy to support all the data centers as they are
building out but I don't know if I am ready for that trade yet or not.
I think we're added to the list. If you add OKLO, we'll have a little look at it later on.
Because I'm interested in that one as well.
I'm not too sure what the price action is lately.
But of course, it's interesting to see
what will happen moving forward or what we might think
might happen, shall we say.
And so as you've said.
Yeah, go ahead.
As I say, obviously, we do have that on after close
on Monday as well, OKLO, which is worth noting.
Nothing on this page really takes my attention.
I know there's one for you,
but I just was reminded of Microvision.
Do you remember this stock back in 2020?
It took off.
So I've just written that down,
just a little bit of due diligence into it,
see if there's actually changed in the last five years.
But yeah, I'll let you have the floor with the earnings here.
Well, I think not much is going on.
GameStop on Tuesday is no longer the same GameStop it used to be.
It's not fun.
MemeStop were the days, right?
If you were in GME and AMC, those were the days, right?
The only star that I'm personally watching, and I think Angela wants to know as well,
is Lulu Lemon.
So we'll cover that during the audience request.
Lulu Lemon, honestly, for me personally, has been a big winner over the audience request. Lulu Lemon, honestly for me personally,
has been a big winner over the couple quarters.
We did see a lot of decline recently
because of also consumer confidence getting hit.
We are seeing across the board, even for Etsy,
we have seen the traffic has gone down from buying
of people purchasing on Etsy,
just the foot traffic, online for traffic. So very interesting
to watch. Lululemon, by the way, last quarter did say that they are raising their target for this
year. Let's see if they stick with it or have those numbers change. Very interesting to watch.
So Thursday, that will be a close watch for me. I think that would come aside with the consumer
confidence as well, wouldn't it? Yeah, exactly.
By the way, so if you think about Nike reported earnings last, I think Thursday,
they reported earnings, pretty bad earnings, nothing out of the blue.
We know there's a new CEO.
He's putting things in place, new strategies and everything, but that will
take at least two to three quarters to materialize.
So you'll probably see Nike
having some kind of a boom in fourth quarter,
but at least for the next six months or so,
Nike is gonna be in a very tough spot.
Exactly, one to watch that, definitely put it
on your watch list for potential growth
in the forward coming months.
Of course, we're jumping to the charts,
this one is Spy, but before we do that,
make sure you put your ticker requests down below
in the comments whether it be on Twitter or obviously YouTube as well keep them coming in
we've got about six or seven already which is good to see and so yeah keep them coming into the comments with that we'll jump
into spy
I've got a bit bearish at the moment just to kind of go against what I normally say I'm normally going to quite bullish
And so what you can see on the screen here is actually a daily chart for spy. I'm not saying I'll go down here
I'm just saying there's a point of interest if we were to take a downside
Move so I'm seeing a bit of a bear flag kind of forming here currently for the spy
If we do obviously we had a nice day on Friday as well bit of a kind of retraction backups is sort of
So sort of what we on 564 level ish. Yeah
What we on five sixty four level ish? Yeah
So if we take a little bit of a tumble down, of course, it's not the five percent
It's not too bad down to kind of five three six. There's a tiny little gap here
I can't really see on the screen. So I'm seeing it's quite zoomed out. There's a tiny little gap there
So that's the kind of point of interest I have for spy
Of course, if we do kind of go the other way and we keep going upwards
I've been saying it for weeks. We course, if we do kind of go the other way and we keep going upwards, I've been saying that for weeks.
We've got 582 here.
Of course, it is the other side of the 200 million average,
which is not great.
It's not that easy to get through that million average,
of course, as everyone knows.
And then my final point before you say it pretty much
is the 50 million average is slowly creeping down
to that kind of death cross area.
So any thoughts on the
spider moment, Kay? Yeah, I think overall, the indicators are pretty bearish across the board.
You can see that in put to call ratio, you can see that in the fear and greed. Now, fear and greed
is not the only metric, but if the economy has become more bearish in terms of all the events
that are happening and, you know, White House is clearly coming out and saying, hey, they want to put all the bad stuff
for layman right up front and then economy will hum from Q4.
So if that is really going to be the case, and we will probably see a lot more pain so
that Fed can actually cut the interest rate.
Because so far what they have done is they have just slowed down the rolling off the
treasury.
They used to, I think, roll off every month, I think 25 billion.
They have reduced it to 5 billion now.
So when the next announcement come, most likely they will have zero.
So basically they are no longer going to issue any treasuries.
And then most likely push for a Fed interest rate cut.
That's probably, I'm thinking, is going to happen sooner than later.
But I think there's more pain ahead.
Maybe we will get a bounce.
We won't get a straight go down.
We'll probably see a bounce, maybe some chopping up around the market.
Some news comes out.
You know, tariff. Liberation Day of America is coming up on April some chopping up around the market. Some news comes out, you know, tariff,
Liberation Day of America is coming up
on April 2nd, by the way.
So see how that plays out for the market,
but it's gonna be interesting, I say.
Yeah, I think it's worth noting.
We are just below the 200 million,
which is never a good sign for potential kind of reversal,
kind of trend change in the market generally.
We've tried to get back up there, kind of three or four the market generally. We've tried to get back up there
kind of three out of four days there,
but not quite managed to get up there.
Now, of course, we can still plow above that
because the market does what it wants pretty much.
Let's move on to the QQQs,
if I can get the mouse properly.
These ones are even more zoomed out.
So I do apologize for the lack of vision here,
but I've had to go back to try and see
where the point of interest would be for me
for potential downside.
This one's a bit more dramatic.
It's about 8% down, down to kind of 4.41
from where we are now.
And we've got this kind of previous support area
of what we've, support resistance area
that we've had for quite some time now for the QQQ.
Actually there's been a resistance here,
obviously within the last kind of six or seven trading days.
Lots of volume here on the right side as well.
And there's plenty of room for the downside, of course.
As I mentioned before, that kind of bear flag
popping up there on Zentacorps as well.
So there is a chance we push above this and go higher,
of course.
But yeah, it doesn't look good on the charts,
like you said earlier.
I think the earnings season is coming up again, right? higher of course but then yeah it doesn't look good on the charts like you said earlier.
I think the earning season is coming up again right I mean it's very it's funny to say the season is coming up but in April we'll I think begin again with the banks and the in the mag seven
and we'll see how they perform especially for the rest of the year considering when we came to when
we started the year we were a lot more bullish.
So yeah, so we'll see how that plays out.
QQQ is all about Max 7 at this point in time.
So I've got a few more requests coming through
to keep them coming.
And we've got one here from the Investing Intellectual.
We've got Apple, bit of a deep dive.
It's the case pick of the week.
And so do stay tuned for that.
I'll probably get to that in a few minutes.
But yeah, should we move on from QQQ? It'd be interesting to see what happens this week. And so do stay tuned for that. Probably get to that in a few minutes. And yeah, should we move on from the QQQ? It'd be interesting to see what happens
this week. Always a volatile time. Always a good time for day traders.
So my pick of the week this week is Palantir. Just a very, very simple 10% move,
which is what I'm looking for. If you go above that, then that's fine. Great.
Wonderful. Even better. If you don't quite make it, again, that's trading.
Not the end of the world. We can always move on to the next one the price action i really like around this sort of area in the last few weeks or so because it's shown a lot of strength
around this kind of trend line and kind of the 50 million average it's kind of played around it but
not perfectly but i've left it on there for just kind of a bit of a reference point and looks like
it's kind of poking through there at the moment.
But what I really want to say is this area of 70,
I think 75 to 85, top of my head,
where it's obviously played within that range.
And it's just really poking out a bit
with a lot of strength in the last three days in particular.
So I like it to kind of move on
back up to that psychological level of $100.
And of course, we know what Palantir can do,
it can keep going as well. So if you are
looking for that, of course, trading the stop loss behind it is always a good idea. But this is not
a trade idea, it's not financial advice, of course, we've mentioned at the beginning. But it's just
something I'm looking at for sure this week. Any thoughts on Palantir? Okay. I'm not touching
Palantir at this point in time, because, you know, we talked about this a couple weeks when Palantir was having
that massive bull run.
I'm looking at this level of 66.21 if it's going to come down and touch it because I
have a position at $20, $23.
You're looking for a long time, aren't you?
I'm looking at a long-term trade.
There are just too many gaps it has created.
So, again, it depends on the exuberance of the market.
If the market is generally weak, there is no way Palantir will run to oblivion, right?
It's not going to happen.
We may see bounces, so it's ideal for day traders.
It's not ideal for long-term investors that you keep buying at all-time highs because
what will end up
happening is your cost basis will keep going up if you started your position very early.
So if it were the 20s, 30s, 40s, it was great.
It's based on my trading style.
I don't find it very appealing because the risk to reward is not there.
Okay.
That's fair enough.
I mean, but mine's a bit more of a short
term view on this one and of course the Palantir for a long term is as hard as
getting to this or even add to it so yeah I've got a complete sympathising view on it. It's ideal for day traders honestly I mean there's nothing wrong I mean on a
day trading standpoint you can probably have five I don't know you can have five
trades every day you can have a trade on Palantir you know because you're getting
in at a you're looking at charts for a minute five minute and you're probably scalping right
that's that i'm not that kind of a trader so no of course not so um yeah that's it really for
Palantir it's kind of my thoughts this is a simple move from 90 to 100 it's a simple 10
dollar move and obviously that's my pick for the week. We'll see how that gets on. My last last week was 5% up. Sorry to mention it again, Kaper. I've never did that.
Yeah, you want Uber trade, by the way. So, you know, it's the funny thing is that
both NVIDIA and Uber is part of my 2025 stock pick. So not that I'm sad that you won,
but yeah, hands down, you Uber did a much better job than NVIDIA, no doubt.
We'll see what happens this week, won't we?
You can find me on X, of course,
I do kind of daily trading insights.
That's always handy to have a look at that.
And also YouTube, I've got a video coming out this Saturday
coming as well around kind of how to trade,
to kind of stress you around kind of certain platforms,
et cetera.
And of course we've got TTR as well,
which is on the screen, which is my trading community,
which you can access via a link on my ex-profile.
It's right there in front of you.
So go ahead and check it out.
Check out the landing page, et cetera.
Yeah, and with that, we'll jump into Kay's Pick of the Week.
All right.
Okay, so let me also pull up my Apple chart on my side
and that's so that I can kind of see what I have done here.
Okay, so a couple of things.
First of all, I have a bearish outlook on Apple,
and I'll explain why in a second.
But right now, Apple has come to a very critical position.
This is the previous high.
We're talking about June, 2024 resistance.
You can see this has been a very, very interesting spot,
the $218, where we have seen bounces from this level
multiple times, as I have drawn that nice little circle.
And what happened was that even though Friday
was a pretty strong day, we were not
able to decisively break that resistance.
So we'll have to see this coming week
if we are able to break that resistance
to the upside and retest because unless that happens,
even one or two candles above that may not substantially give you confidence
that Apple is going to be back on a bull run.
We have already started descending lower highs.
That's number one.
Number two is that we have a big gap.
It sounds crazy that the 19% drop from the current price, but the thesis behind is that
the reason we had this massive run in Apple was because Apple intelligence was going to
be showcased or being launched in November of 2024, right?
November? Yes, November.
For with iPhone 16, that got delayed. And now they're saying it might not be available until
2027. Now, generally, if you follow Apple's trajectory, Apple never comes out with a new
feature or new feature, right? They are always behind the curve. But every time they come out,
a new feature, right?
They're always behind the curve,
but every time they come out,
it's most of the time it's a hit, right?
They have perfected that technique.
In this case, I think they probably got suckered in
by they're behind the curve,
they don't have any AI product,
so they kind of launched that.
There was a lot of talks on the executive shakeout at Apple,
a lot of things moved around.
So looking at all that,
if Apple is not going to come out with any major product or service,
why am I going to pay that premium to Apple?
So that's why I have a bearish thesis on Apple.
I actually had two bearish trade this week,
one I closed with a 44% all credit spreads, and then one I close
for 25% all day trading basically at that point in time.
I'm going to be day trading Apple continuously on the bearish side, granted, unless we see
a breakout and a retest at the resistance of 218.
That's my thesis long-term.
I do expect Apple will be
filling that gap at some point in time when the market actually takes a turn.
So I think my viewpoint from this is it's an interesting one because I'm a breakout trader
and kind of primarily I like to trade breakouts, but you can also flip that completely as well.
So you've got on the screen here, three points of support, which would normally be the ones I look for as resistance.
And then if you break that down, uh, sorry, I've got some,
if we break down from there and we come back up to retest that,
as you just mentioned. So it's the same thing, but just flipped.
So as a technical trader, mainly, then that actually looks quite appealing.
There's a short, the only thing that slows me down really is because it's Apple.
It's so big, it's harder to have that mindset of trading
the breakouts with bigger stocks
because they're so important to the market.
And it's not so bad with the smaller and the mid caps
as well, because obviously they don't move the market
too much and therefore you can kind of trade them
on their own.
So that's the reason why I'm probably not gonna get
into this personally, but I would like to obviously track it and see what happens with the stock
And if we can fill that gap, I'll definitely be looking to buy for a long time for a do
I feel that gap and like you mentioned it is a bit dramatic
but these things can happen especially if we go into a short time bear market and
Obviously with the 50 million just coming down through the 200 million averages on the spike
Never a good sign. So that will coincide obviously with Apple and Apple may be the main driver
of that move, which is still yet to be seen.
But yeah, no, I do like the chart.
I like the thesis and the whole kind of logical side of it as well.
Makes a lot of sense.
Yeah.
So that's, that's my trade again.
This is not for the week.
This was a long-term, but that's how I'm playing it.
And I'm mostly doing day trade using credit spreads,
bull credit spreads mostly.
And that's the plan. Sorry, bear credit spreads.
But that's basically the plan.
Awesome. Where can we find you, Linkai?
Well, you can find me on X.
I post pretty much every day over there.
Some of the charts that I find interesting. You can find me on X. I post pretty much every day over there, some of the charts that I find interesting.
You can find me there.
YouTube, I haven't updated, but a lot more videos coming out in coming weeks as well.
I think I probably will do an Apple, a full video on Apple on my thesis so that, and I'll
explain some examples as well, and you'll see a little bit more details on that.
So if you want to find that, subscribe to that channel, and then I do a written form of analysis on Substack as well.
Yeah. If you did an Apple video, be sure to check that one out because I'm trying to write
down specific bullet points of what's really kind of breaking down the Apple possible Apple
price action. So if you can do that one, okay, for sure. Not pushing it or anything. Do what
you want.
Yeah, no, absolutely. Next week I do plan to record that video
Sorry, awesome. Well, that's it for see the kind of main slideshow
We'll jump into the charts in just a second before we do that. I'll stick the thing up on the screen
Once again while I get the chart sorted out
Okay, I imagine you've got the lineup ready to go
Sorry, yeah, the first one is AMD.
Sorry. Yeah, the first one is AMD
AMD, awesome.
So yeah, obviously keep putting the tickers down in the comments below.
We'd love to see them.
It gives us a few more insights as well to what people are looking at.
And hopefully we can help you with what you're looking at as well.
Anyway, I'm just kind of rambling there a little bit.
Here we go.
Here's the charts.
Best one AMD, is that right?
Yeah, first one is AMD, yes.
Well, here we go. Not looking good really, is it? Is that right? Yeah, first one is AMD, yes.
Well, here we go. Not looking good, really, is it?
Since basically October of last year,
big downturn, almost 50% actually.
So where we are now, 40%.
Actually, if you think about it,
they hit the all-time high in March of 2024.
So it's been one year since the stock
has been on a downtrend.
Oh, yeah.
Yeah.
It's crazy how AMD has been.
I think I don't remember who, but either on X or on YouTube,
I saw somebody mention AMD as Advanced Money Destroyer
or something like that.
Yeah, that fits perfectly here, especially with the AMD. And honestly, the chip companies have not done very well, but AMD has been the worst performer, I would say. I bought this box a few
weeks ago on X, a little bit of analysis. And obviously this line about $94 turns out,
at least at the moment, that's a really kind of important point
of a bit of support there.
So if it does get back down to that 94 level, which it looks
like it might not, or at least not in the near term,
but if we're breaking out of this bit of a wedge.
But yeah, 94 looks really interesting.
So obviously you've got to buy there and buy that.
Of course I missed it.
Did you pick up anything?
Yeah, I did I did add some at not at 94. I did I got 105 or something like that. Okay
Awesome that's kind of Apple I mean
And so I mean there's not really much else to say video
It's but it's below the two main moving averages on the chart on the weekly chart and probably even worse on the daily chart.
Yeah. Yeah. So it's got a long way to go. But this is definite breakout of this. This wage is something to keep an eye on for sure.
Yeah. And I think the overall the whole thesis about AI revolution and how expensive it is to add the data center.
It's until that whole cycle, the narrative changes, I think we'll continue in this trend,
at least until we see some massive shift in the AMD narrative. Unfortunately.
Yeah. Well, still yet to be decided, wasn't it? Okay.
Next one is a big one. Tesla.
Everybody is talking about it.
Tesla.
I've got this coming up to resistance.
I posted about this earlier actually on X around this kind of I've got an apprehensive
level around this area of 245, I think to 263.
I know you've got 260 in your mind, I think from from previous episodes.
I think 250 is also resistance, right?
Because even though the Friday was a green day,
we still didn't break that 250 level, right?
We were below the 250 level.
And there is definitely volume up to 258, 260, I would say.
258 would be the ideal one. Yeah, 258, 260, I would say. 258 would be the ideal one.
Yeah, 258, 60 would be the one.
I know that a lot of people are on Twitter calling it a bottom
that we had 225.
I wouldn't be that sure that it's a bottom yet.
Let's wait for the delivery numbers to come out,
unless Tesla really surprises.
I think we may still see some more pain, but from a technical level, the reason most of
the trading is happening here is because that's where the majority of the volume shelf sits.
You sell 10%, 15% on one day and then you basically barcode the entire week and come up to the same level.
That's pretty much it.
That's what happened with Tesla.
Yeah, I mean, you've got a bit of a mini wedge here as well, but I've just drawn a couple
of, obviously the low here and the higher low.
So at least it did that.
So obviously we filled the gap on 11th of March and obviously came back down to try
and fill it again, well not fill it again again But come down to that level again a week later
And of course, it didn't quite make it so that's a little bit of a positive there for for Tesla traders
I know there is this wedge as well, which I'll just quickly draw out
There's looking like it might be tempted to kind of break out that soon
If it was to kind of go to the upside. But like you said, I think it's
got a lot of work to do. Yeah. The thing is, if it does break in Tesla, typical Tesla fashion,
it probably break up to kind of $10, $20 straight away. So yeah, just keep an eye on that intraday
move if you're into that kind of stuff. But yeah, it's definitely one to keep an eye on for sure.
Long term, yes, again, it's tricky. But yeah, that's Tesla, I think.
Yeah, next is Amazon.
Amazon's in a sticky place as well.
I was looking at this one earlier.
It's below the 200 million average.
However, it is still above my zone of 184 to 189.
But if you flip out to the long-term,
on the weekly chart, it is holding a nice support
at the 50 million average.
We saw it back in August of last year, and it's happening again for Amazon.
So it is a point of interest in terms of support for Amazon for sure.
And these wicks look quite promising.
So obviously the buyers are coming in towards the end part of the week to push up these
candles.
It just needs to get that push back above 200
Um, which is obviously this bit of volume shelf here and this previous high from back here. I might just draw a line there
Um at the 200 level for now, but any thoughts on amazon? Are you adding for a long term?
We just wait sitting and waiting for this one. So amazon. I have not added more on long term
I already have a full position on amazon from I don't know 2012. So I don't added more on long-term. I already have a full position on Amazon from 2012,
so I don't add more on Amazon yet.
But there's a good range from 189 to 200.
So it's barcoding in that range, at least from the last three,
four, five, six, seven, eight, nine, ten,
13 sessions has been barcoding in that range.
So it's an ideal candidate for a wheel strategy.
If you really want to run a wheel strategy, it's an ideal candidate.
Also, you can, if, if you don't know how Amazon will behave, one of the strategies
that you can apply is a iron condor, because what you can do is you may be able
to pull off a small credit for the iron condor
and be safe so that that way it's neutral,
as long as it doesn't break either ends of the condor basically.
Definitely look at, right now it's bar coding.
If you cannot run real strategy, which basically means
buying 100 shares and then selling 100 shares,
on the cheaper side, you can use iron condor
on this one or a credit spread.
So try that.
I would say that that's a good way to keep collecting cash
while we see the market behave
or at least we get a trend on market.
That's interesting options to take there, I think.
Thank you for that, okay.
The other thing you can have a look at
is the breakout trade from 200. But that I think. Thank you for that. Okay. The other thing you can have a look at is the breakout trade from 200.
But that requires waiting a bit of patience there.
Yeah, I don't know if the market really has those breakout moments yet.
I mean, the general doses though.
Yeah, I mean, the general bearishness is you can see it to the fear and greed, right?
That's what we are noticing.
You may see a bounce
one day for 15%. I mean, not going to happen with Amazon 15%, but I'm just saying it's
more bearish right now, the sentiments overall.
And you can, as we mentioned at the beginning of the stream, there's kind of spiky QQ charts,
all of these kind of 50 million are curling over towards the 200 million average set.
And a lot of them are happening on the bigger tech names.
And that's why people are getting a little bit worried.
And that's probably why we're still sitting in kind of extreme fear.
But of course, we've got to move out there eventually.
So we'll see.
We'll see what happens this week for sure.
What's next? OK.
Next is Lululemon. So L-U-L-U. All right.
Earnings on Thursday after the market close.
Exactly. So earnings on Thursday.
And we had a nice run on Lulemon.
We are at this level.
We are back down to what, 322.
We had a nice run all the way to 424. That was back in February.
So interestingly, when every other stock was actually declining, Lulemon was going up.
Overall, this consumer confidence has been shaken. so we do see impact from Rural Lemon
as well.
The key event for the earnings is they raised the guidance last time.
Will they raise the guidance?
I mean, will they keep the same guidance or will they reduce the guidance?
That's going to be the key.
I think we may be able to see a bounce if they continue to reiterate their guidance,
which is going to be raising. And if there's a change in that,
I think we may see some more pain in Lululemon going down.
But I'm in this long position trade for Lululemon.
I got in around 265.
So I let it run up all the way to 424.
I did not actually change anything because I was hoping they will fill that gap
going from 423 to 451.
That was my trade, did not pan out,
but I don't mind owning and keeping Blue Lemon
in my long-term portfolio.
It's interesting to say this is the weekly chart
and it hasn't really moved since June of 2020.
Yeah.
Yeah, it's just amazing how kind of stocks do that,
especially ones like, I don't want to say cult stocks with Lululemon, but there's a lot of familiar customers.
It's similar to Apple, similar to Tesla.
People are very brand conscious and people are, they stick to their brands and Lululemon
has a pretty big following as well.
So yeah, but let's see.
I think the key is how do they
reiterate their guidance or not. That's the key basically for the coming earning
season. There's not really much point going into the technicals, going into
earnings, but as you mentioned just a kind of gap for 450 or 451 that kind of
area. If we were to kind of be able to push up that might be a point of
interest for kind of future months. If we go down, then of course, if I'm looking at this most recent low,
or I say most recent, it's about six months ago, but the August low around that kind of 235 level.
So there's kind of two levels to have a look at there for Lululemon for the longer term.
Yeah, and I think if Lululemon actually declines and goes back to 250 level,
I think that's a good position to also start adding to Lululemon
If you believe in the company and you like the company basically that's because that's where I first added was
265 was my cost basis
Next up is the OK LO which is reporting earnings on
Monday, yeah on next? Next up is the OKLO which is reporting earnings on Monday. Yeah. Yeah.
So massive run up. Obviously nuclear related stock. We've got lots of volume around this area. Maybe draw a little bit of a rectangle around that area. Do you trade this one much too or not so much?
I have not. I have only trade oklo once
There's a credit spread I did
But it's it was like last year when it was again running up
Um, but I haven't traded it actually
Volume is getting slightly lower
It's still obviously massive volume from october of last year
still obviously massive volume from October of last year.
I mean, still it's not a profitable company, right? So that's to keep in mind.
Their revenue is, I don't know, they reported zero dollar revenue? How is that possible?
Yeah, on Seeking Alpha, it says the revenue estimate is zero and EPS is minus seven cents.
So I don't know why that's the case.
It managed to move 550% in three months.
So that's a testament of what kind of stock it is.
You don't make any money yet at yet. I
Would stay away from this company
So you say it's basically it's zero dollars. You don't make money a high volatility
Yeah, I'm stop people just go look at that hype stuff basically and I mean
On a technical level seems to be kind of reacting nicely around this kind of 25 level I mean, I don't know if I want to hold this stock that long enough, right? I mean, if you if you are confident, maybe a call option for Monday going into the earnings,
right?
Yeah.
YOLO it.
I can't imagine the options would be that expensive, right?
So if you let's say buy a 27.5, it's going to be about $1.93.
You'll get a call option expiring end of the week.
But the problem with call options is that,
the theta decay, right?
Especially as closer to the expiration,
it will, you'll have a big IV crush.
So for-
You need that move overnight on Monday,
if anything, don't you?
Exactly.
So if you make profit, then quickly get your profit and you know close the trade
because you can't hold it for long.
Exactly, but yeah that's a possible outcome for Oklo potentially.
Should we move on to next one?
Next is Baba. Barbara.
Look at that, so we broke out of the wedge actually on Monday, which was really nice to see.
And then subsequently broke down since then.
I mean, HSI has taken a bit of a downturn as well.
Maybe coming back to a bit of reality perhaps.
But I've still got this level of 115 to 120
for Barbara's my interesting point
maybe we sell it this week and that'll be that'd be good for me at least because I like Baba long term, of course, but
Just needs to get down to this level for me to be interested again I know you don't trade Chinese stocks that much but is Baba one of those you kind of
Like because of you know where it is and how it's situated within the Chinese economy? Yeah, 100%. I think among all the Chinese companies, I think Baba is probably the most well-known company
for non-Chinese. And I think if China actually provides more stimulus to their economy, I think Baba will definitely benefit.
They came up with their own AI model like DeepSeek.
It did not get as much traction as DeepSeek because the first mover always get that
traction right after that many companies came out with it. It did not get that traction.
I think it's a solid pick. I just don't trade Chinese stocks that much.
Yeah, so once these kind of wedges have gone,
I don't know if you play much towards patterns,
but I do sometimes leave the lines on there,
just a little bit of kind of theory, I guess,
around kind of trading.
But I don't know if you draw your lines,
do you leave them on the charts?
No, I delete them.
Once I pass that timeframe, I generally delete it
and move on.
Sometimes I find that this reacts again,
especially on the smaller timeframes,
but maybe not now on the daily for Barber.
But in the smaller timeframes,
I do find it reacting to kind of previous trend lines.
Just a little kind of pointer there for the audience.
I try to keep my chart as clean as possible.
It's when too many lines, I get confused.
Yeah. Yeah, no, I've been there before.
Awesome. I think we've covered that well on Barbara.
Yeah, points of interest, future growth, yeah.
Okay, next up is FUTU.
F-U-T-U.
This is also Chinese, I think.
Is it Chinese?
Let me see.
Yeah, I always forget what they do,
but I think it might be FinTech.
I think so.
They provide digitized securities, brokerage and wealth management products in Hong Kong
and internationally.
So yeah, I think it's Chinese.
Yes, you're right.
This is a very interesting level actually.
So we've got this just on a technical basis and Chinese assets, they do kind of trade
within kind of technical more than they do fundamental
um and all about that but we've got this kind of zone between 105 and 130 I don't know if it's overvalued or anything like that I'd have to do a bit more digging but purely on a technical level
we've obviously got previous resistance here back in December of last year and early parts of this
year coming down bouncing multiple times on this on this uh on this level of 105 But now we have the one 50 million average kind of coming into players support as well. So it gives that kind of old
favorite word confluence
Coming back. So there's a little bit more support there if you were to kind of you know place a trade on
Yeah
So would you would you enter a trade at the at the retest of the 105 level?
Yeah, I mean anywhere here really because the stock the way it moves and how it how much it gains, etc. You're looking
Very very very minimal for obviously aim for 130. So you've got 23% there or even if you entered now
It's only 22% you want a 1% difference. It's not too bad.
So I just like to trade within the zones. I would like to pick up anything from the 50 million
is to kind of, anyway, kind of here. So anywhere between that zone, I'd be happy with an entry
there. And well, get stuck is obviously the stop loss would be down here. So the stock loss on
these types of companies are quite large. So you're looking at probably about a 5% stop loss would be down here. So the stock loss on these types of companies are quite large. So
you're looking at probably about a 5% stop loss there, which is
okay. It's not the end of the world. But that one comes down
to your sizing. Are you sizing appropriately? Are you prepared
to lose that much, etc, which is what you should always do before
you get into trade. It's kind of analyze how much you're gonna
lose, how much you're gonna win, that kind of stuff. So yeah,
and interestingly, interestingly, the last candle is
also a doji candle.
So mostly, you know, there's indecision on correction.
Okay. But now I like this one.
I'm going to write this one down actually.
Because it's an interesting setup.
It's not my typical setup, but I like the confidence behind it.
So we'll see what happens there for FUTU.
Okay. Next up is Snowflake.
Snowflake. I'll let you do the talking on this one.
This is your kind of bag.
I don't know where to go.
Do you want me to daily or do we click?
Yeah, let's stick with daily for now and I'll kind of look at my chart and I'll respond
and then you can kind of...
So there is a long trend line that's coming from...
Let me see.
When did I draw that long trend line?
It was from, I me see, when did I draw that long trend line? It was from,
I guess, back in 2021. So let's forget that for a second. We did have a couple gap ups, right?
We had a gap down all the way February of 2024. That's when we created the first gap down after
post earnings. And then we created a gap up around the November of 2024.
So right now, basically, the stock is, I would say, trading mostly between those two gaps.
There is no...
There is...
Has anything come out yet?
The earnings will come out, let's see, 5-22.
So we have a couple more months before the earnings really comes out.
And if we actually draw a long trend line all the way from 2021, that's a very long
trend line.
The stock is actually just touching that trend line and it has been rejected a couple of
times.
It is slightly peaking on Friday, just peaked above that trend line. If we see a rejection at that level,
we might actually go and fill this gap up
that was created after November.
Overall, I think the SaaS market and the thesis behind it
is that when we entered 2025, the companies
were very positive that it's going to be a home run.
But now I think the companies were very positive that it's going to be home run.
But now I think the companies are starting to realize
that because of all this data uncertainty,
they don't want to spend money.
We are seeing that in some of my clients as well,
that they don't want to go ahead and purchase software.
They are slowing down on more of a wait and see.
I would be very interested to see how things proceed in the next
earnings if we are seeing any impact on the sales cycle for a Snowflake. But it's a good place to be
in right now. I think I have a long-term position. I still think Snowflake will outperform this year
as long as this tariff uncertainty is taken care of because the problem is when you have tariff uncertainty is kind of taken care of because the problem is when you have tariff uncertainty
companies will not invest whether in human resources, whether in buying products and services or even digital products.
So that's a key here.
We're completely flat on the year, aren't we?
Yeah.
Yeah.
Now, I like this one.
I mean, you've got, you you mentioned two gaps and they're actually
represented here on my chart by the two green lines. So down here and obviously up there.
And I don't know what this line represents. But I remember us talking about it a little while ago.
But I think it's really nice that we've got a bit of a bounce here, at least from the 200 million
average and the previous support resistance. And what I would like it to do actually is to come down again.
And fill the gap.
Yeah.
Yeah, I don't know if I wanted to fill the gap or such
because it's still another, what's that, 20% from here
to there, maybe 15%.
Yeah, let me just let me delete that.
15%.
Exactly.
No, it's actually going to, if it fills the complete gap,
that'll be about a 21%
Interesting. Yeah, um, we could see a bounce on the 200 day
Yeah, exactly. That's why I want that's what I'd look to get in or restart position because even if you
Have a start position here potentially if it does drop down to kind of 133. It's not the end of the world
You can just add to it. Um, then obviously it gives you a little bit more kind of
Confidence with that with that trade if you're filling the gap. We've seen it with Tesla recently, gaps do
feel well they kind of do bounce at those gaps as well not all the time but of course it is worth
noting that quite a lot of the time they kind of do bounce from those gap fills whether it be
positive or negative. But yeah I like snowflake it's constantly on my watch list but I haven't
yet pulled the trigger because it's just in a bit of no man's land at the moment.
Yeah, it's in no man's land right now.
There is not a clear direction.
It's basically barcoding at this point in time
and there isn't any catalyst.
Overall, there's a negative sentiment on the market.
So yeah, next one is the Confluent, CFLT.
It's a nice little bounce off the 200 day moving average
on Confluent.
Yeah, we had a drop below it recently
on the 10th and 11th of March, but it kind of quickly bounced
back above that.
And we've got a trading around that area now.
What it does need to do is get a bit of a push from here
back up to kind of 29, which I think
will coincide with the 50 million average as well.
I forget what they do. Are they a SaaS company as well?
They are a SaaS company as well, they are also in this whole segment of, let me see, let me read it out.
I see that's why Money Manage brought all these up.
They're all SaaS companies I think, so slowly getting through them.
But yeah, I mean, this 200 million average is definitely a point of interest.
We'll zoom out, see if we can get a bit more of an overall look at the weekly chart. So I imagine it's probably in a range. Yeah
This looks like something we've touched on before um in this range between 18 and 34
Um, very interesting sat right in the middle of the moment. Um
Yeah, but I do have some higher lows as well. Sorry. Okay, just to yeah go for it
Yeah, I do have some higher lows as well. Sorry, okay, just to yeah go for it
Some higher lows being set potentially here as well, which is good going into resistance for sure
And then what we want to see is a break of resistance
Um, just really simply break resistance come back down. We test it and then move higher
That's kind of how I look at kind of trading not so much on the weekly time frames
But more of a shorter time frames. Sorry, okay, go ahead
No, no
I think you you hit the nail on the head and I think that the key the range that I would say
we are basically will be probably bar coding would be between the 20 SMA and 200 SMA.
So both 20 will be acting as a resistance and 200 as a support.
This is where the point of control is,
with majority of the volume shelf.
If we actually break the 200, that's when we might actually come down and retest the 22.
That's where the next big volume shelf starts to build up, 22, 21, 22, that level.
This is a critical level for Confluent to hold 200 day and actually show some strength
But it won't be easy to you know break your 20 and 50 SMA
Resistance as well. I think this one came up last week. I don't know if it's the same person
It's interesting to say that basically hasn't read from last week
Yeah, because that was last Friday's candle there you can kind of of see that. They were literally at the same point as that one.
So it hasn't moved all week,
which is a good sign and a bad sign.
I mean, it's not that much exciting,
but at the same time,
it hasn't really reacted too much to the market.
So, yeah, the person comes.
Yeah. And if you're looking for a long-term,
I think breaking the 200 day SMA
and retesting the 2221
might interest you to add to your position.
Next is MongoDB MDB.
That's also, I think we have been getting Snowflake,
Confluent, and MongoDB as a package
from last couple of weeks now.
Yeah.
Let's see what he's interested in.
I'll show you. He's interested.
This one, again, I mean, we've been doing this one again I mean we bring this one
quite a lot but still just kind of trading within this kind of downward
channel and I think we mentioned last week or at least I mentioned because on my
chart that 141 level from previous support back in the turn of 22 and 23
it's not been kind this price action has it no it's not been kind this price action, has it? No, it's not been kind.
And I think the person who requested it, I would highly recommend that you check out
the earnings.
I believe the guidance was poor.
And you might want to actually hear why they are providing a lower guidance.
I think that would be the key.
I mean, at this point in time, because they have created this nice gap down, I wouldn't be surprised if they actually go back and retest the 156 level,
which was your support, right?
Maybe not 166, maybe 165.
165 yeah that that would be the
That would be the...
That
That was the pricing around when?
2023 January Wow, that's
Yes, that area of kind of 140 to 160 yeah that kind of zone sure
So I'll draw a little rectangle there so people can kind of see what we're talking about
Yeah, somewhere in that kind of area there.
And this is the weekly chart as well.
I always like to look out on the weekly charts
before I jump into the daily charts.
Yeah, it's not really one I like to trade
or look at at all to be honest,
but I hope we've helped out there for you, Money Manage.
Any more questions we've got?
Got one more or two more?
We have two more.
Next is TEM, Tempus AI.
This one is constantly in the news.
I think it's related to Nancy Pelosi.
I think it's related to AI.
It's definitely with AI.
AI is in the name, Tempus AI.
Well, yeah, that helps.
I didn't read that. It's a healthcare technology
company. It engages in providing next generation sequencing, diagnostic,
chain reaction, profiling, molecular things that I don't really follow much.
It's like those Cathie Wood's Ark Invest, you know, genome and all that technology that's going to change the world hasn't changed in five years yet though.
Yeah, but we do have a gap for 36. I think that's we've had that line on there for a few weeks. I think that's a point of interest for people. I know you like a gap feel, but even if that gap does fill, are you looking at this or
are you just passing it on and moving on to the next one?
I tend to not trade these kinds of names.
If anybody's talking about it, I don't want to trade those names, honestly.
Also I don't understand what they do.
The problem is, let's say you are trading for, I tend to trade the same tickers
mostly.
I don't try to add more tickers because when you trade the same tickers, you start to understand
the pattern in which they trade.
And it is very important to get those patterns right.
If we keep adding more tickers to your portfolio, then what ends up happening is then you get too distracted.
So that's why I stick with Max 7 tickers most of the time.
I will add some other tickers
that I personally like, personally use,
but I don't trade two volatile tickers.
It's difficult for me.
Yeah, I think for day trading for me,
I literally only trade the US 100,
which is the NASDAQ futures.
I don't really day trade anything else just because it's one it's nice and simple keeps me in the zone in that one particular asset and two like you said
I'm used to it kind of moving in certain ways and reaching certain points especially technical levels
and I'm reacting how it reacts obviously it's not always the case because it's trading it says
candles they do whatever they want yeah, I'm comfortable trading that
at least at the moment.
Who knows, maybe in the future I'll check out oil
or something or gold or something like that.
But for now I'm happy trading the US 100
on the day trading basis.
Obviously swing trading is different, but yeah.
Yeah.
Next is Broadcom AVGO.
This I think is our last one.
Yeah, that's it.
We don't have any more requests.
So that's a wrap for us.
Awesome. So Broadcom, we kind of floating around
that 200 million average again.
I think again, we've had this one a couple of weeks ago
and I think we had it last week.
No, a couple of weeks ago we had it.
Yeah.
Still trading kind of within this kind of
descending triangle as I like to call it.
But yeah, the 200 million average is nicely there
underneath it.
Reacted well a couple of weeks ago.
And obviously the 182 level,
which we've got that yellow line flowing through the screen,
is previous resistance.
So that kind of area is about previous resistance as well.
So lots of support underneath it,
just needs to make that move back
to that kind of trend line above,
which at the moment would be around about $208 to $213.
What's your take on Broadcom?
Are you trading this one or?
I do trade.
I do run on Broadcom a lot of times.
I think I'm actually waiting for the breakout above the 20 SMA. The stock has been trading under the 20 SMA since
2.24 and it has not been able to break it. We did touch a couple of times, but
on the daily, yes. And of course, you mentioned that we do have a prior resistance of 1.84.
That would be a support and then the 200 days slowly creeping up to that level as well
So that's a good support. I want to see if we can break the 20 SMA
If not so that I can find a range on where I can run the wheel strategy on
It's on my watch list. I haven't done any trades on Broadcom lately though
It does have a bit of a bear flag like a lot of the market at the moment
but if a bear flag kind of going forward at the moment.
So you've got that there, you bring that down lower.
There's always a chance that it breaks down below
but that's when that support that we've been talking about,
both of us, that's when that really comes in handy
and then maybe that might set a bit of a double bottom
perhaps, but yeah, just a bear flag to worry about there,
I think.
Yeah, I mean, also if you are super keen on running options, then
the one idea I would give is look at least 30 days out on the expiration.
And I trade 30 delta, but in this market, I think you can probably drop it down to 15 delta.
That way you will get less premium but you have a lot
more downside protection. So that's something you can think about as well if
you want to do wheel strategy on it or even do credit spread. That could be much
tighter with a five dollar spread.
Sweet, well that's a wrap for this week's edition of the Audits Request. Obviously with a $5 spread Yeah
Sweet well as a wrap for this week's edition of the audience requests obviously come back next week
We've ordered the or you know request if you want to see them at that particular time
Obviously, it's not great times of the market amount is a little bit kind of negative
But of course that we can trade and through any sort of market conditions
But yeah, thank you once again for both. Let us use a platform
We really really appreciate it. Of course, you you once again for Wolf. Let us use the platform. We really, really appreciate it.
Of course you can get us on YouTube as well
on the trading triangle.
So do head over there.
We're gonna do a few more bits in the next coming months,
which we're obviously thoroughly excited about.
You gonna close this out, okay?
I'll let you guys.
No, I think you hit Neil on the head.
It was a good session today.
I think it's an interesting phase of the market.
Whenever you are always in a bull run, basically, you can win most of the trades in a bull market.
I think when you have this kind of uncertainty, I think it also helps you to polish your trading
skills.
I actually picked up a couple strategies that I was not using it when I was having a bull
run.
You can just run the same strategy again and again, you can still make money.
This kind of environment helps you to get better at your trading.
Of course, you can always do a good risk management, size your positions well within your risk
management profile, and I think it'll be good.
Yeah, risk management and psychology
is definitely the two things to focus on.
You can worry about entries and the kind of execution.
That's a different ballgame.
Anyone can do that.
But you can manage your emotions and manage your trades,
and you're definitely on to being a successful trader,
for sure.
I think we'll close out there.
So yeah, we'll see you same time next week, on a Sunday, of course. Take care, everyone. Trade safe. Bye.
