**this video is for HIMS** though it's being incorrectly categorized under RDDT, but the chart and the walk through is on HIMS!** For new positions, you may now want to wait on the reaction to earnings. There are a few stocks that opened down during earnings (ie AAPL) and a few that gapped up and sold off (ie RDDT). Whichever path HIMS takes, there will still...
I walk through updating my trendlines and support/resistance lines to show you how I refresh my charts. AAPL caught my attention because it is down in pre-market. This may create an opportunity to get in at a better price. It's stabilized from the February downtrend, holding above the 10&20 EMAs. This gap down can hold around 206 where it's at now, or can fall...
Bullish A break and hold above the 20EMA would shift momentum back to the upside. Initial resistance would be around 30, where previous price congestion sits. If buyers can push through, next target would be around 35–36, near the declining 50SMA. There is a short-term intraday trendline forming on the hourly chart that could act as a support guide if the...
A walkthrough different levels on the S&P for the short term (1-2 weeks). The S&P broke above a key weekly downtrend line this past week, shifting the structure slightly more bullish in the short term. We’re now testing an important resistance zone with multiple possible scenarios ahead. Scenarios for the Week Ahead: Bullish: If the S&P holds above the...
AAPL remains in a clear downtrend on the daily timeframe, with lower highs and lower lows intact. It gapped below yesterday’s low and is trading beneath all daily moving averages. The broader market (SPX) is also showing weakness, supporting the short thesis. What I See: Price has failed to reclaim the 10EMA and rejected at prior breakdown zones. There’s room...
S&P 500 Update – April 20, 2025 We’re still in a confirmed weekly downtrend (though we have paused our decline), and the daily chart is showing signs of indecision. The sharp bounce on April 9 created a large green candle, and price action since then has been stuck inside that day’s range, forming inside bars and signaling continued indecision. Key Points: ...
If this is a repeat of 2020, then I am going with the bulls on this. In this video I walk through what I am seeing in the overall market and how I chart my stocks. I have personally been in and out of trades and it was chipping away at my profits, so it was time to reset! The best way for me to do that is to to walk through my charts, update my levels as needed,...
When in doubt, leave it out < I remember being in a training class for my first job out of college and my teacher said that. She was talking about dress codes, and that if we had a doubt like...is this work appropriate, then the answer was no. This quote has stayed with me and even proven useful in trading. Right now we are in indecision on a lot of names. No...
*downtrend line < I said uptrend line near end of video for a downtrend line, so don't get confused...plus an accidental video appearance lol RDDT! going sideways since the end of last month, and still below major moving averages. In some ways I still think this is going to chop. Doesn't mean you can't trade on the smaller chart timeframes but we need to see a...
Last week I was all in the news and while I do think it's important to stay alert in an environment where our reigning president enjoys dropping posts intraday, I do still support staying out of the general news. It will not only drive you crazy, but it will cloud your judgement. Just watch price action and volume, stay calm, and adjust you risk as needed. 🟢...
SFM broke its uptrend line from July 2024 during the week of March 3, 2025. Over the last three weeks, price climbed back toward that broken trendline, testing the underside of the and signaling resistance and potential confirmation of the breakdown. This type of retest and rejection setup is often a classic reversal signal. On the weekly chart, a potential head...
Price as of my analysis: $113.76 NVDA is sitting at a major horizontal support zone around $113.50. This level acted as strong support in June 2024 and again in September 2024, where it launched a 34% rally toward the $152 range. Price is now testing that same level again — this is a key decision point. If this support breaks, my first downside target is...
The S&P remains in a broader uptrend that began in late October 2023, but this week we saw a test to that structure. Price dipped below this key uptrend line but quickly reclaimed it, finding support on this line as well as the weekly’s 20 EMA. In Friday’s trading session, we saw a high-volume reversal, which could signal a potential bounce. The bigger question...
A strong reaction to ABNB earnings put this ticker back on the map for me. Now lets see how it plays out. Short term bullish momentum: We could see this week, (especially if the NASDAQ and S&P break through to ATHs), this continue up toward 169 before digesting some. If it does this, the retest could be at 161-163, the top of the breakout candle body or wick, or...
GOOG remains in an uptrend, with its price potentially bouncing from the uptrend line started in September. This week I've got this on my list for a trade to the upside. Early entry would be a rise above $188 (a reclaim of the 4h 10EMA), though I am likely to wait for the reclaim of the 20EMA. I want to see high volume here and the market either flat or rising....
If SA can break through the key level at 17.5, this may work its way back up to it's ATH established mid October and maybe surpass it. Key level identified at the area of my solid white uptrend line and the 50SMA on the daily chart, and the area right above the 10EMA on the weekly chart. Earnings is on the 15th so you would want to pay attention to that. The...
ABBV had a solid reaction to earnings. The tight consolidation over the last few days supports a bullish momentum holding up. Volume declining over the last few days (when price has been declining) typically means a healthy consolidation before a continued rise. While the price may/may not continue down a bit more, if it starts to climb back up, the 201 area...
Between 131 and 136, NVDA has experienced resistance and fallen back into its base twice on the weekly chart: This area can act as support if the stock allows. I would consider a call option swing trade using the daily chart time frame if the price moves above 138.5 with a stop at 131. If it does break and go, my first price target would be 144 and if it...