AAPL, AMZN, GOOGL, and $QQQ Analysis - Weekly Future Outlook -- AAPL downtrend resistance key level 166.84 zone
- GOOGL closed right at resistance 108.63 zone
- AMZN close at resistance 102.12 zone
- QQQ closed right at resistance zone 317.89 -318.23
- Earnings coming up soon for XLF financial sector
- Sold my SOXS today and took profit this morning back to all cash
QQQ
SPY/QQQ Market Bias & Top Stock Watches - 4/6/2023 - Bear GrindBias: SPY under 406 has room to 404. QQQ more bearish, gapping under yesterdays bar with room to about 305
Top Watches: Long - LW, GILD, XOM. Short - TSLA, AMZN, COST.
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SPY & QQQ Key Zone to watch- Does QQQ hourly oversold mark the bottom of the daily consolidation low or bear take it lower tomorrow?
- March 28 hourly oversold on QQQ marked the bottom of that consolidation and we had a large bounce.
- SPY closed around yesterdays lows which is in the resistance zone
- took profit on my SOXS this morning re-added on the hourly bounce. SMH/SOXX still weaker then QQQ
SPY/QQQ Market Bias & Top Stock Watches - 4/5/2023 - Bear GrindBias: SPY has room to drop under 407 down to 402. QQQ are a bit less bearish with closer support near 315.
Top Watches: Long - PLTR, FDX, GOOGL. Short - SCHW, AMD, PTGX.
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SPY Daily Consolidation Resistance Zone 411-415- Yesterday's video i talked about SPY very likely having a pull back into this resistance zone
- now daily consolidation is on its way for SPY, will QQQ join
- looking to see if bulls will be buying up that hourly time frame oversold RSI, and market the low of the daily consolidation.
- Still holding my SOXX short - SOXS 3x leverage ETF
SPY/QQQ Market Bias & Top Stock Watches - 4/4/2023 - Choppy BullBias: Getting into some resistance near 415 but still have room to move higher. QQQ has a pretty clear void higher
Top Watches: Long - AMZN, ROKU, MRO. Short - AMC, ZIM, NAPA.
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SPY Resistance Zone $411-415- $SPY and QQQ has been rotating around and currently not a lot of signs of bears.
- if money is rotating around sectors that means there's no fear and money isn't all leaving the market.
- But the market has ran up quite a bit so I am watching for a pull back and daily consolidation.
- taking a short on the SOXX/ SMH sector, added SOXS
SPY/QQQ Market Bias & Top Stock Watches - 4/3/2023 - Choppy BullBias: A bit extended up, a pull back would not be a surprise but lots of buying pressure so could be a bit choppy.
Top Watches: Long - ISEE, APLS, MPC, EDR. Short - FRO, TRMD.
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$QQQ $SPY Full Bull control but its a little extended.- QQQ and SPY has a very strong bull move last 4 days with zero signs of bears but they move is quite extended and im looking for a daily consolidation to shape up
- If the consolidation is healthy the bull move will likely continue so i will be watching how the consolidation shapes up.
- SPY is approaching some key resistance around 410 area also potentially shaping up a daily H&S we'll have to see how it trades around 410 Next week
- i will be on team bull until bears show me signs of weakness during daily consolidation.
Tesla WEEKLY BULLISH Inverse H&S, 217.65 Key level- Bullish inverse H&S weekly time frame
- Bullish cup and handle pattern
- 217.65 break of that level will form weekly and monthly uptrend for the bulls
- delivery number will be key (i mentioned the wrong date its not this weekend)
- QQQ is very extended might see some consolidation next week which may effect TSLA as well
SPY/QQQ Market Bias & Top Stock Watches - 3/31/2023 - Bull GrindBias: Gap up over yesterday with room up to ~408. Support at 402.
Top Watches: Long - RUM, SJR, AI, CSCO, MSFT. Short - GNRC
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$QQQ BULLS Continue but at KEY Resistance, PCE Data tomorrow- SPY QQQ gapped up again but ended up closing within todays trading range, unlike yesterday bulls have a strong follow through after open.
- PCE Data tomorrow morning 5:30am PST
- QQQ closed around key daily resistance.
- End of the quarter and month rebalancing tomorrow will bring lots of volatility
- Will XLF / KRE join team bull or QQQ / SMH join team Bear?
- i am slightly more bearish at this level but so far theres no red flags for the bulls at all for QQQ SMH SOXX
SPY/QQQ Market Bias & Top Stock Watches - 3/30/2023 - BullishBias: Gap up over resistance, not super extended, lots of room to run higher
Top Watches: Long - MSFT, NFLX, RIOT, AMZN, ROKU. Short - TRMD
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Daily $QQQ Market Breakdown, Potential Bull flags in Tech Sector- SPY and QQQ have been very choppy due to sectors rotating around may potentially continue unless we start seeing XLF forming daily uptrends and joining team bull.
- Or we see XLF / KRE go sideways and QQQ and SOXX/ SMH join team Bear.
As of now there are zero red flags for QQQ and SMH daily time frame so i am slightly more bullish in my intra-day scalp trades. Wont be holding anything overnight until we get a clear direction in the market i am open to both bearish or bullish trades just want a clear direction.
Market Bias & Top Stock Watches - 3/29/2023 - Bull GrinderBias: Big gap up into resistance so expect a pullback early on but ultimately expecting a bullish move higher
Top Watches: Long - CARR, C, ENVX, MU, INTC. Short - STEM
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$QQQ $SPY BEAR LACK Follow Through, Key Levels to Watch- $SPY $QQQ bear had all its chances to bring QQQ down after a bear break this morning out of the tightening range we had in the last 4 days but bears couldn't follow through.
- Want to see QQQ Bulls gain back its hourly uptrend and break above 308 area of resistance.
- want to see XLF / KRE bounce for SPY & SPX to break out of its equilibrium bull. of course vice versa for the bears.
- zero red flags on the daily time frame for SOXX / SMH / QQQ
Market Bias & Top Stock Watches - 3/28/2023 - Bear ChopBias: Quite a bit of resistance above but not a clear void below, may just chop. QQQ has less support holding it up.
Top Watches: Long - BABA, PARA, MKC. Short - AAPL. COIN, HD.
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$TSLA Price Action Breakdown, $QQQ Future Price Outlook- $QQQ about to break its tightening range, this will be very important for TSLA,
- currently TSLA does not have enough relative strength to hold up if QQQ breaks bear. so it will likely break bear with it.
- Bullish pattern: Daily Inverse H&S Weekly Cup & Handle
- XLF / KRE gapped up nicely but bear took over after cash open.
Market Bias & Top Stock Watches - 3/27/2023 - BullishBias: Bullish, will be watching for a move up to 400 area. 402.5 could be tested and broke today as well.
Top Watches: Long - PINS, TSEM, KEY, MSFT, FB. Short - BLK.
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$TSLA Future Price Outlook, Support & Resistance Analysis- TSLA is in a healthy daily uptrend atm, we just need bulls change the hourly trend change back up.
- QQQs Equilibrium Pattern will be breaking with volatility on Monday, so which ever way it breaks will be effecting TSLA
- Weekly Cup & Handle forming, - daily inverse Head & Shoulders forming as well.
Check out my QQQ / SPY XLF breakdown on my previous video.
$QQQ Equilibrium In Play till Monday. $SPY need 1h trend change- QQQ Equailibirum key break will be Monday which will determine which way SPY is going to move.
- SOXX / SMH turning from lead bull into lead bear today, weakest sector since Dec 2022. May drag down QQQ if it continues. Will short this sector if it continues on SOXS.
- SPY bulls want to see a hourly uptrend form, Bears want to see QQQ bear break Equilibrium and drag SPY down.
- XLF / KRE gapped down and bounced all day, big enough bounce now for bulls to try to form an hourly uptrend, but before that bulls has changed nothing on the daily timeframe.
Market Bias & Top Stock Watches - 3/24/2023 - BearishBias: Bearish but support at 390, room to drop under that area
Top Watches: Long - ATVI, INTC, FB. Short - AAL, BAC, C.
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