Premarket webinar with Unraveller ft. Brett trades 10/30/26 — Transcript

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1. 0:05[snorts]
2. 0:15>> Yeah, I think we're live.
3. 0:19>> Beautiful. All right, awesome.
4. 0:21>> [snorts]
5. 0:23>> I want the price of admission on like,
6. 0:24yes, like the stream.
7. 0:42>> All right.
8. 0:55Let's get this posted everywhere.
9. 1:08>> [snorts]
10. 1:14>> Okay.
11. 1:17Botta bing botta boom.
12. 1:20Spooky spooky Friday, guys. Spooky
13. 1:23sell-off.
14. 1:24>> [snorts]
15. 1:24>> Morning, guys.
16. 1:27Spooky spooky Friday.
17. 1:30It's Halloween, spooky Friday.
18. 1:32I mean, can't be right.
19. 1:33>> [laughter]
20. 1:34>> I mean, can't be better.
21. 1:39>> Welcome in, guys.
22. 1:41>> Smash the like button, guys. Smash the
23. 1:42subscribe button.
24. 1:45It's going to be a crazy session. I just
25. 1:47like knowing
26. 1:48how to go into the weekend.
27. 1:51Don't do anything that I wouldn't do.
28. 1:53Don't full port. [snorts]
29. 1:55Don't go crazy.
30. 1:57To be honest, I'm kind of on today.
31. 1:59Let's see. I want to I want to save this
32. 2:01price action. It's actually good at the
33. 2:02open.
34. 2:05>> Yeah.
35. 2:06Wait. Hold on. My mic is like a mile
36. 2:08away.
37. 2:09It should be better now.
38. 2:16All right.
39. 2:19Good morning. Good morning, guys.
40. 2:22Is everybody ready?
41. 2:26>> Ready [snorts] or not, market's going to
42. 2:28open soon.
43. 2:29>> That's true. The market's not going to
44. 2:31wait for you.
45. 2:38>> Man, today Let's give it 30 seconds.
46. 2:40This is going to be such a crazy
47. 2:41volatile open. IV is going to be through
48. 2:43the roof.
49. 2:45>> It's going to be crazy.
50. 2:48>> I'm actually haven't been this excited
51. 2:49to trade in a minute. So, I'm actually
52. 2:51super excited.
53. 2:55I just don't know what the market's
54. 2:56going to give us.
55. 2:57It's going to be interesting.
56. 3:02>> Hopefully there aren't any trappers at
57. 3:03the lows. Hopefully it just break right
58. 3:04through.
59. 3:06>> Uh
60. 3:07I don't gap down to lower be easy, but
61. 3:10we'll see.
62. 3:11>> Never easy.
63. 3:12>> That's never easy. It's going to be like
64. 3:14a little tricky, obviously, but it's
65. 3:15easy.
66. 3:16It's not You know it's not working.
67. 3:21>> There are some sectors that are strong,
68. 3:22though. It's very interesting. Right?
69. 3:23You have We'll talk about it in a
70. 3:25minute, guys, but there is some stuff
71. 3:26holding.
72. 3:27And it's mostly centered around the
73. 3:30really the consumer staple names. So,
74. 3:32Walmart, [snorts] healthcare strong.
75. 3:35KB strong, too. I don't know if you guys
76. 3:36are in KB with me, but that's strong as
77. 3:38well.
78. 3:39So, a lot of names are holding pretty
79. 3:40well. And obviously what's weakest is
80. 3:42tech. So,
81. 3:43Rav, I don't want to waste your time
82. 3:44here. I think we can just jump right in.
83. 3:46>> Sounds good, man.
84. 3:46>> today's session is Friday, October the
85. 3:4930th this morning.
86. 3:51It's a spooky Friday. Rav's got his
87. 3:54costume on. You can see it. He's got the
88. 3:55He's got the the costume on over there.
89. 3:57And it's the last the last day before
90. 4:00It's the last day before what? Before
91. 4:03the boogeyman comes.
92. 4:05Um
93. 4:079:45 Chicago PMI, that's the big data
94. 4:09for today's session. So, really nothing
95. 4:10on the docket for today's session.
96. 4:12Uh tomorrow, it's Saturday. No one's
97. 4:15going to be here. It's Halloween. Uh
98. 4:17November 2nd is Monday.
99. 4:21Uh PMI 9:45, [snorts] some more data.
100. 4:23Wednesday, more data. And then big data
101. 4:25on Friday, uh November 6th. So, next
102. 4:28week is not really a big economic week.
103. 4:30The only big data is uh pretty next week
104. 4:33Friday. So, leaves us with probably one
105. 4:36of the most interesting
106. 4:38probably one of the most interesting
107. 4:40Friday sessions in a while. The day
108. 4:42before Halloween, the day before uh
109. 4:44month end, right? Uh and it's going to
110. 4:46be the last day of of October, last
111. 4:48trading session of October. So, there's
112. 4:49going to be a lot of volatility today.
113. 4:51Uh just keep that in mind. But, that's
114. 4:52what we have for the economic side.
115. 4:53Really nothing today's session, just
116. 4:55some routine data at 9:45.
117. 4:57On the earnings docket for a second,
118. 4:59just listen [snorts] to me for one
119. 5:00moment. Don't move. Uh today's session,
120. 5:02Friday, October 30th. Yesterday's
121. 5:04session, Intel reported earnings down
122. 5:0725%. Rav has it up over there on the uh
123. 5:09on the Finviz. Uh he we have uh Amazon
124. 5:12reported earnings, very bad earnings,
125. 5:14Amazon.
126. 5:15>> It was so bad, like honestly, like all
127. 5:17the earnings were bad. Intel was so bad,
128. 5:19too. It's just horrible.
129. 5:22>> So bad. It it's actually so bad. Uh
130. 5:24Amazon reported very bad earnings.
131. 5:26>> Google bad, too.
132. 5:27Google was bad, too. And like dude,
133. 5:28everything is bad, dude. Like [ __ ] That
134. 5:30was just like crazy.
135. 5:32>> Yeah. A- A- And the thing is Amazon, I'm
136. 5:33a massive bull of Amazon, and it's
137. 5:36seeing their earnings, seeing uh
138. 5:38s- seeing seeing that type of miss in uh
139. 5:41their actual uh bottom line is crazy.
140. 5:43So, take a look at Amazon earnings, just
141. 5:45look at the numbers for a second when
142. 5:46you guys can. Uh it's not good. So,
143. 5:48Amazon down uh pretty badly. Intel down
144. 5:5125% on the session.
145. 5:53Uh Roblox Roblox Reddit folio Coinbase.
146. 5:56Uh there was also a massive I don't
147. 5:58know, Rav, did you see this? There's a
148. 5:59$6 billion
149. 6:01uh Binance loss.
150. 6:02>> Yeah, I was up was I was up all night,
151. 6:04uh pretty much Dude, it is just insane,
152. 6:06dude. Like the amount of uh [ __ ]
153. 6:09>> I'm just like watching my picks. Oh,
154. 6:10[ __ ] Okay, good. Good.
155. 6:12>> What's going on here? What's going on
156. 6:13here? I see
157. 6:146 billion
158. 6:15>> You can kind of think of this thing as
159. 6:16like a This is the only thing that I've
160. 6:18mentioned if you have attended my stock
161. 6:19this day before. The first time one of
162. 6:21these things gets like hacked, this has
163. 6:23already happened before.
164. 6:25This is like going to be more and more
165. 6:27frequent as we get more and more
166. 6:29advanced and
167. 6:31you know, your AI and everything.
168. 6:33It's going to be
169. 6:34It's It's an example, but it's only
170. 6:37going to get like It's showing you what
171. 6:39what's to come.
172. 6:41And that's not a good sign.
173. 6:43Dude, look at these names. They're
174. 6:44dropping like like
175. 6:46AMD was 800, close to it. It's 500 now.
176. 6:48It's down 10%.
177. 6:50It is literally dropping after hours and
178. 6:52all those things and you don't even see
179. 6:54it. It's just happening so quickly.
180. 6:56And 23% on Intel, that's insane.
181. 7:00>> It's insane.
182. 7:01>> It's the first sell first sell day. So,
183. 7:02meaning there's going to be more sells
184. 7:04coming. So, that's that's how bad it is.
185. 7:06And this is not This is not something to
186. 7:08just laugh off and be like, "Oh, [ __ ]
187. 7:10Buy the dip." because
188. 7:11this is this is big.
189. 7:13And
190. 7:15yeah, I mean this is what we wanted.
191. 7:16It's finally happening.
192. 7:18>> I'm a big dip buyer, but I don't even
193. 7:20think this is enough enough of a dip to
194. 7:22be buying, right?
195. 7:23>> went I was doing research yesterday.
196. 7:2560% of the S&P is already in bear market
197. 7:28territory. The only thing keeping the
198. 7:30market afloat is your big names and
199. 7:34once they start correcting, once they
200. 7:36start entering bear market territory,
201. 7:37which hasn't even happened. 200 MA
202. 7:39hasn't been reached yet.
203. 7:41You can imagine where spy would be at. I
204. 7:43think at some point spy would have to
205. 7:45break the 750 and 730 and retest the 700
206. 7:48and sub 700 is probably not unfair is
207. 7:51probably a fair thing like considering
208. 7:53everything that's happening right now.
209. 7:55But, it's going to be very interesting.
210. 7:56That's the only thing I'll say though.
211. 7:57And
212. 7:58today's session will be the first of it.
213. 8:01We might even go green, who knows? Like
214. 8:02in the morning the most sectors are
215. 8:03green. You can see this here, right?
216. 8:05Most of the sectors are green. Like it
217. 8:07gets a little it could fight, it
218. 8:08technically go green. But uh in general,
219. 8:12these tech memory names, uh chip names,
220. 8:15and some of these growth names,
221. 8:17they don't look so hot right now.
222. 8:20>> It's true.
223. 8:21Uh but that leaves us for a very
224. 8:23interesting open, right? Uh trade safe
225. 8:26today, guys, and and navigate safely
226. 8:28when it comes to your long-term, right?
227. 8:29Don't don't have all your eggs in one
228. 8:31basket, and get ready for dip
229. 8:33opportunities cuz there probably will be
230. 8:34some.
231. 8:34>> There will be some.
232. 8:35>> Uh but Ravi, you want to get started on
233. 8:37spy?
234. 8:37>> Yeah, I mean, it's uh welcome, guys.
235. 8:39Spy, I mean, there's nothing crazy,
236. 8:41guys. Like we've been trading in this
237. 8:42box for a bit. You can see this, right?
238. 8:44This is the high 775, this is the 760.
239. 8:47We've been trading in this box. It falls
240. 8:48broke here, came back, little did a
241. 8:50grab, and then popped up again. Everyone
242. 8:52thought it's double top, but then nope,
243. 8:54we sold off again. And this is why
244. 8:56everyone's been struggling, at least uh
245. 8:57some of them, right? This range is so
246. 9:00wide, right? And every time we look like
247. 9:02we're going to break, we pop, and then
248. 9:04over here we break, we we drop again.
249. 9:06But this is yesterday's action. Okay?
250. 9:09Yesterday we broke out here, or our day
251. 9:10before, after the FOMC.
252. 9:13And
253. 9:14uh remember, we shorted the highs also
254. 9:16there. And now we're popping down again.
255. 9:18So,
256. 9:19from a range standpoint, 760,
257. 9:23758, the two two levels that I have
258. 9:26under here.
259. 9:27We need to clear that for any further
260. 9:30additional downside. If this level
261. 9:32loses, which is you guys can see this,
262. 9:33how many times have we tested here? It's
263. 9:35like 1 2 3 4 5 6 7 8 9 10. 10 times it
264. 9:40bounced off of the same zone here. Okay?
265. 9:42So, if we can flush
266. 9:44these zones here, next level I have 753
267. 9:47and then 750. It's going to be a very
268. 9:48quick move into 750 if we flush this
269. 9:50low, because there's nothing really
270. 9:52holding the stock in these areas. You
271. 9:54can see this here.
272. 9:56Every time we
273. 9:57we clear this area, we just kind of just
274. 9:59like bypass this zone. So, this is going
275. 10:00to be the big level here. Uh we may have
276. 10:03like a no pullback kind of move.
277. 10:06Uh sorry, or rather uh EMA EMA in move
278. 10:08if we break the zone here, but it has to
279. 10:10happen.
280. 10:12And we need participation across the
281. 10:13board. For an upside kind of move, I
282. 10:16really can't trade this until at least
283. 10:18it breaks 768 here, which is the level
284. 10:20from yesterday.
285. 10:22We need it above 768 for longs for me.
286. 10:25And another level I have here is 764.
287. 10:28But spy I'm not going to touch until
288. 10:30it's at the extremes here.
289. 10:32768 or 758.
290. 10:35But
291. 10:36>> Yeah, that that's exactly that's exactly
292. 10:38the right view, right? I mean, look,
293. 10:40it's been 87 days of consolidation on
294. 10:43the 1-hour 4-hour chart. And here's the
295. 10:46problem with today's session. I'll tell
296. 10:47you what the problem is. The problem for
297. 10:49me is that look, we are back at channel
298. 10:52lows right now, okay? And I'm I want to
299. 10:55see this break. I think a lot of people
300. 10:56do as well.
301. 10:58But does it break is the question. If we
302. 11:00can break below 759 on spy, then I
303. 11:03believe we sell lower into 749 750. That
304. 11:07could be a very nice downside trade.
305. 11:09But again, we have to clear that 759
306. 11:10level to see that downside. So, let's
307. 11:14see what happens. I mean, that's the
308. 11:15channel today. We're at the channel
309. 11:16lows.
310. 11:17We've been here October 1st. We were
311. 11:19here 1 month ago, precisely 1 month ago.
312. 11:22We were right here, literally right
313. 11:23here.
314. 11:24The low of that October 1st candle was
315. 11:27759. 759 that daily candle on spy, which
316. 11:31was October 1st. We need to break below
317. 11:33that level. If we can break below that
318. 11:35level, then my expectation is just like
319. 11:37saying is basically an EMA type session.
320. 11:40We just sell lower into 750s. That could
321. 11:42be really nice beautiful downside trade.
322. 11:44But again, the contingency is we must
323. 11:46break below that level. In the short
324. 11:47term, there's also a pop and fade. The
325. 11:49pop and fade level I have today's
326. 11:50session will be 768. So, let's see if we
327. 11:52get that pop and fade.
328. 11:54I actually have two levels that I think
329. 11:55you also mentioned the same thing, but
330. 11:56764 is my first level. My second level
331. 11:59768. So, my two levels of resistance
332. 12:01today, again, repeating myself, but 768
333. 12:03and 764. And then my the downside
334. 12:05support 759. Where I become interested
335. 12:08in going long again in this market is
336. 12:09back above 768. That's where I become
337. 12:12bullish again. So, 768 is where we'll be
338. 12:13rising.
339. 12:15Um which leads 764 and 768 as a pop and
340. 12:18fade spots. And then 759 is my breakdown
341. 12:21level for obviously continuation shorts.
342. 12:23Again, take that with a grain of salt.
343. 12:24Today's session is going to be probably
344. 12:25trend-based. Uh but what I'm looking for
345. 12:27is
346. 12:27>> I don't know about that. I don't know
347. 12:29about that. I hope so.
348. 12:31I hope it's a trend.
349. 12:32>> you are optimistic. You think yeah, I
350. 12:34don't know. I I hope it's trend-based. I
351. 12:36I think it just needs to capitulate. I I
352. 12:38think the next 1 hour 45 minutes of the
353. 12:40session we'll know because this thing
354. 12:42has consolidated enough.
355. 12:44Uh you're right, 764 768 levels. But
356. 12:46dude, if it goes to 768, I think it just
357. 12:48like ruins the pressure. You just got to
358. 12:50sell through.
359. 12:50>> Yeah.
360. 12:51>> And create that momentum here. This
361. 12:52needs to be like a This 4-hour candle,
362. 12:55whatever it's forming, right? 3 hours to
363. 12:56go. It needs to at least test these
364. 12:58levels here.
365. 12:59And I hope that's how it is because
366. 13:01that's makes sense.
367. 13:03Yeah, I would be really uh
368. 13:06I don't know I'm not not thinking about
369. 13:07anything else. Like 768 is so far away
370. 13:09from me right now. But it's not
371. 13:11far-fetched because all these other
372. 13:12sectors are green.
373. 13:13You know, that's the the problem. If we
374. 13:15had a little bit more blood here in the
375. 13:17in the streets, it would be much more
376. 13:19easier for us to get that desired move.
377. 13:22But regardless, right now I don't think
378. 13:25we need to uh we have our levels 764,
379. 13:28758, 768. We'll see what happens with
380. 13:30the open. Let's go in without bias.
381. 13:33>> Yeah. Yes.
382. 13:34>> Yes, all you men. Hey, this looks
383. 13:37straightforward to me uh compared to
384. 13:39spy.
385. 13:40>> Same [snorts] thing.
386. 13:41>> Yeah.
387. 13:42>> Yeah.
388. 13:42>> It's more clean. You can see this false
389. 13:44break here and then after FOMC, and then
390. 13:46we're failing now.
391. 13:48Pretty much straight down. If you're a
392. 13:49futures trader, you're probably loving
393. 13:50this action.
394. 13:52And uh
395. 13:54they don't have a lot of levels here.
396. 13:56You can see this. Last time we dropped
397. 13:57this level, it just kind of came back
398. 13:59down to 759 to 7600. We have 70 points
399. 14:02today. So, you would think any kind of
400. 14:05bounce would be around this area here if
401. 14:07it does happen.
402. 14:08It's like a magnet.
403. 14:10Um I don't have any 7600 here and then
404. 14:13upside pivot 7700 7750.
405. 14:19>> Right. I mean, that it's the same
406. 14:21levels, guys, on spy, right? The biggest
407. 14:22thing to watch out for on the ES chart
408. 14:24is 7650. That's your ES downside support
409. 14:27level. 7650, write that level down,
410. 14:29right? That's the biggest spot to watch
411. 14:30out for. That's the equivalent of Rav's
412. 14:32Rav in my level on spy, which is 759.
413. 14:35That level breaks, we see continuation
414. 14:37downside. Again, we've been here before.
415. 14:39This is the October 1st lows. We're
416. 14:41literally at the October 1st lows. This
417. 14:43is the If you look at the monthly candle
418. 14:45on spy, we're just literally at the low
419. 14:47of that monthly candle right now. If we
420. 14:49can break below that monthly candle low,
421. 14:517650, then we're going to sell today,
422. 14:53and it would be
423. 14:55a very clear move into lows. Which your
424. 14:57leading to lows would be your next
425. 14:59downside support level, which is 7587.
426. 15:02That's your next level on the ES chart.
427. 15:04So, again, 7650 ES leads us to 7585,
428. 15:097590 on the ES, which is basically What
429. 15:12is that? 70-point downside move?
430. 15:14>> Yeah.
431. 15:14>> That's a lot of
432. 15:15>> I think that's that's not an area that's
433. 15:1770 points is nothing, man. One It's
434. 15:19worth literally 1% move. We'll have a 2%
435. 15:20down there. And that will be fair.
436. 15:22Everything will be good.
437. 15:24Depending on how we close, the range
438. 15:26breaks, I would expect at least one or
439. 15:28two more continuation, maybe one
440. 15:29sideways day and then continuation.
441. 15:30That's the thing. It all depends on how
442. 15:32we open today. The opening tape is the
443. 15:34most important. IV will be spiked. Don't
444. 15:37go crazy at the open today. Size down.
445. 15:39You don't need to be early to the party
446. 15:40this time. Okay?
447. 15:41>> Check Qs, man. Check Qs.
448. 15:43>> You're You're going to be like, "Oh,
449. 15:44shit." Look at Qs.
450. 15:45>> Qs at Qs, I know. Qs is more bloodier.
451. 15:46Guys, watch the leg one more time, guys.
452. 15:48We'll go over Qs. Then we'll go over
453. 15:49IWM. Honestly, IWM, also.
454. 15:52Look at this.
455. 15:52>> Yeah.
456. 15:53>> This is the I want to draw something. I
457. 15:55mean, I just want to extend something
458. 15:56for Brett. Okay?
459. 15:57Look at this, Brett.
460. 15:58>> What trend line?
461. 15:59>> Yeah, look at this.
462. 15:59>> Show me that trend line.
463. 16:00>> Last time we broke this trend line, it
464. 16:02ripped. Now, look at this.
465. 16:04So, technically, this is where I'm
466. 16:05supposed to buy, right? 694, 694, 689.
467. 16:09>> Oh, boy.
468. 16:10>> I mean, this kind of I I don't like that
469. 16:11the fact that it's aligning, though.
470. 16:13That's the thing. All these kind of
471. 16:15stupid things can sometimes get aligned.
472. 16:17But the fact that they flushed 700
473. 16:19pre-market down 18 points at the
474. 16:22pre-market here
475. 16:23with most of these other names still
476. 16:26holding
477. 16:27I wouldn't put it past us to get a dead
478. 16:29cat bounce here. But if they do get a
479. 16:30dead cat bounce, where do you think I'll
480. 16:31be a supply?
481. 16:33>> 702
482. 16:34>> 702, okay. I don't have 702, I have 704
483. 16:37and then 707, but then I don't trade
484. 16:39cues.
485. 16:41But this is more weaker than spy. You
486. 16:43guys can see this. Yeah, if spy does
487. 16:45sell, QQQ's definitely going to have a
488. 16:475% down day today.
489. 16:49And uh
490. 16:50will it happen? I don't know. So going
491. 16:52today's levels I have is 704 and then
492. 16:55under here I have 694.
493. 16:57That's it. Those are the two zones I
494. 16:58have.
495. 17:00>> When you look at the when you look at
496. 17:02the
497. 17:02the 1-hour chart, basically that 702 703
498. 17:06resistance to me lines up precisely for
499. 17:10like an opening bell pop and fade,
500. 17:11right? So my view on cues this morning
501. 17:13is
502. 17:14hey,
503. 17:15opening bell pop and fade here 703 702.
504. 17:18If we're below level, downside shorts,
505. 17:19right? And so you know what? Saying
506. 17:22this, a dead cat bounce would be what
507. 17:24you want to see, right? I mean, if you
508. 17:25want the 703 pop and fade
509. 17:27don't you kind of want a dead cat bounce
510. 17:29right now, right? So I mean, that's what
511. 17:30you want to see. So my expectation is
512. 17:32pop and fade 703. If you reclaim 703,
513. 17:36then I'm kind of hands off on the
514. 17:38shorts. I would be hands off on the
515. 17:40shorts at least back because I think 710
516. 17:42is going to be the next level. So 703
517. 17:45resistance 7 Sorry, 703 702 resistance.
518. 17:48This is $1 zone there. And then above
519. 17:50that resistance 703, you're back to 710.
520. 17:53So look, my view
521. 17:55you know, basically today's session
522. 17:56opening bell or gapping down pretty
523. 17:58aggressively from where we were
524. 18:00yesterday to where we are are right now.
525. 18:02We're down. I mean, this is two 2.4%
526. 18:04down here on the cues. So a pop makes
527. 18:07sense, right? Let's look for that pop
528. 18:09and fade 703 702. If If we reclaim, then
529. 18:12hands off shorts.
530. 18:13>> Yeah.
531. 18:14>> Yeah. And um
532. 18:16I agree with all of those points. I
533. 18:17mean, tech is more weak and uh
534. 18:19technicals should are keep going.
535. 18:21Momentum's created, so just keep going.
536. 18:23But yeah, let's see how this works out.
537. 18:26IWM
538. 18:28>> Super strong actually compared to the
539. 18:30names. Strong.
540. 18:31>> Yeah, this thing good radiation. What we
541. 18:33talked about this. We talked about
542. 18:34exactly last
543. 18:35Friday when you were here. We said this
544. 18:37is a retest. Look at the levels, dude.
545. 18:38Like look at the levels. And no no I
546. 18:40didn't do any adjustments or anything.
547. 18:42Perfect retest. Got the ground here.
548. 18:45Trending now. I'd say 280 to 279 area.
549. 18:49As long as it holds. This is the demand
550. 18:51Let me draw a box.
551. 18:54Yeah, I'm not going to trade this. I can
552. 18:55easily
553. 18:56This is the area. We will retest here.
554. 18:59Do another shakeout and then next time
555. 19:00around drop it to 290.
556. 19:02This is an index that is barely down,
557. 19:05man.
558. 19:07So
559. 19:08what do you think?
560. 19:09>> Yeah, sorry. It's basically it's it's
561. 19:11it's strong, right? I mean
562. 19:13this is where money's rotating. Money's
563. 19:15always rotating from one asset to
564. 19:16another and it seems like what they're
565. 19:18rotating into is basically small cap
566. 19:21names, which I'm kind of surprised
567. 19:22about, but also XLP. So Russell strong
568. 19:25today. My view is hey, as long as you're
569. 19:27above 280 we're strong. So I would look
570. 19:29for the 280 dip and rip. I would also
571. 19:30look for the 28350 reclaim. Yesterday we
572. 19:33spoke about the 28350 reclaim for longs
573. 19:35and it actually was a perfect break and
574. 19:36retest yesterday. Literally picture
575. 19:37perfect break and retest from 28350 to
576. 19:39285. So yeah, picture perfect yesterday.
577. 19:42Today's session 28350 reclaims for longs
578. 19:45or 280 pullback longs for longs. That's
579. 19:48all I have today here on IWM.
580. 19:50>> Yeah,
581. 19:51I'm not going to trade IWM, but it's
582. 19:53just 285. Simple breakout is there. You
583. 19:55guys can see this, right? 285 breakout.
584. 19:57Breaks out last time and I had a move
585. 19:59into 287 288.
586. 20:01After the selloff if it does reclaim and
587. 20:03breakout it's probably going to be a
588. 20:05good trade there.
589. 20:06>> Yeah.
590. 20:07>> I like that.
591. 20:08All right, let's look at
592. 20:09>> 285 You know what? You're right about
593. 20:11that 285 level. That's actually
594. 20:12something we didn't have on my chart.
595. 20:13That 285 is is is something we didn't
596. 20:15talk about. That's an interesting level.
597. 20:16>> Gold is also selling, man. Did you see
598. 20:17that?
599. 20:18>> Yeah, 285 is big.
600. 20:20I just bought gold. I'm buying gold. I'm
601. 20:21buying gold.
602. 20:22>> You know, I was I was just thinking of
603. 20:23buying gold.
604. 20:23>> I positioned.
605. 20:25>> I'm going to make this is a 5%
606. 20:27nature ceiling.
607. 20:28I thought I I was up 7% at the very end
608. 20:30at last night, but I think [ __ ] it.
609. 20:32Okay, it's a 5% kind of play.
610. 20:34All right, let's look at some equity.
611. 20:35Apple, Brett, all you, man.
612. 20:38>> Uh it's it's kind of dead today, man. I
613. 20:40don't really have a view of it unless it
614. 20:42get back over 350. Yesterday I was long
615. 20:44in the break we tested 349.
616. 20:46And each time it again I made money in
617. 20:49this, but not a considerable amount. It
618. 20:50wasn't moving that much.
619. 20:52Funny enough into close it actually made
620. 20:54the move it made the move, right? It
621. 20:55literally made the whole move. So long
622. 20:57in 340 you got the move in 350 plus
623. 20:59several times.
624. 21:00But the biggest thing is still 350. If
625. 21:03we can get back over 350 on the Apple
626. 21:06chart
627. 21:07it will go higher. I mean this is a name
628. 21:08that is relatively stronger against the
629. 21:10market. So watch Apple 350 for longs.
630. 21:13Same thing as yesterday. Look, it was
631. 21:15not sexy yesterday, but by all means it
632. 21:16still was at least making sense, right?
633. 21:18It still actually moved just not that
634. 21:21much. So today's session just be nimble
635. 21:23about it.
636. 21:24350 reclaims that's the only reason you
637. 21:26should really be long for me just the
638. 21:27way I view this.
639. 21:29My downside support is 340.
640. 21:31>> Yeah, I agree. I mean this is this is
641. 21:33one of the names that looks strong.
642. 21:34Actually that is that's the reason I
643. 21:35asked because it's like it actually
644. 21:37looks better if they actually went this
645. 21:38action here.
646. 21:40I like it about 351 this area here.
647. 21:43I think we could you know get to a nice
648. 21:45move into
649. 21:46It's assuming markets strong, right?
650. 21:48This is one of the names I like long.
651. 21:51Uh what what else can we watch?
652. 21:54Let's look at Tesla.
653. 21:57Tesla
654. 21:58is also one of the tech names that is
655. 22:00actually relatively strong.
656. 22:02It broke 400 and kind of dumped 400
657. 22:05here.
658. 22:06The next retest area is right here at
659. 22:08this 385. I'm going to extend this box
660. 22:09here. So in this area I want to see what
661. 22:11Tesla does. We're going to get that get
662. 22:13or not. The 383 385 on watch here demand
663. 22:16for a hold. If it flash through that
664. 22:18it's a short for me. Okay?
665. 22:20Flash through that it's a short into
666. 22:23378. So 383 give an eye guys. 383 385 is
667. 22:27is one of these levels. for Tesla.
668. 22:30But,
669. 22:31you watching anything on Tesla?
670. 22:33>> Uh
671. 22:34yeah, let me see Tesla. Uh Tesla
672. 22:36actually holding pretty well, man. I
673. 22:37mean, against the market, this name has
674. 22:39been holding pretty well. My retail
675. 22:40level is three is 388, really. And so,
676. 22:43as long as we're above 388, I'm I'm
677. 22:44mostly bull biased here. Uh so, I I like
678. 22:47potentially like today's session a 397
679. 22:50reclaim
680. 22:51or a 388 dip and rip. Uh guys, one thing
681. 22:54I forgot to announce to you, uh
682. 22:56we did a giveaway yesterday.
683. 22:58I'm not going to announce the giveaway
684. 22:59winners on this live stream. I'm going
685. 23:00to announce it on my Instagram story.
686. 23:01So, I already picked the winners this
687. 23:03morning.
688. 23:04Uh check my story at like 1:00 p.m.
689. 23:06today. I forgot to announce that earlier
690. 23:08on today. Uh but check it out.
691. 23:09>> the giveaway? Are you giving away
692. 23:11anything?
693. 23:11>> No,
694. 23:12you're not in the giveaway, man. You're
695. 23:13automatically disqualified. You're
696. 23:14automatically You're automatically
697. 23:15disqualified.
698. 23:16>> This guy, man. This guy.
699. 23:18>> Yeah.
700. 23:18>> Is it because I'm brown? Is it because
701. 23:20I'm brown?
702. 23:21>> Yeah, that's why. Yeah, yeah, man.
703. 23:23Yeah.
704. 23:24>> What the [ __ ]
705. 23:24>> Uh
706. 23:26>> [laughter]
707. 23:28>> Yeah, that's why.
708. 23:29Uh let's go over Let's go over Amazon,
709. 23:32man.
710. 23:32>> Yeah, I'll I'll do I'll do. I saw that,
711. 23:35dude. Bloody bloody What is this?
712. 23:36Insane. Like, honestly, this is the pop
713. 23:38and fade I like. This area, 234 235. I
714. 23:40don't know if we'll get it. But, if you
715. 23:42pop here, maybe 232 even, 230 pop and
716. 23:44fade.
717. 23:46230 pop and fade. Okay, let's look at
718. 23:47that. 230 pop and fade will be nice on
719. 23:49Amazon.
720. 23:50>> [snorts]
721. 23:50>> And 230 pop and fade. I don't know if
722. 23:52we'll get it, but
723. 23:54Excuse me.
724. 23:56230 pop and fade is nice. It is not
725. 23:58unreal because it's down $18 for $5 pop
726. 24:01here into this area. This looks so weak
727. 24:04to me. I just
728. 24:05Um and the report was bad.
729. 24:08I don't even know what to say.
730. 24:10Like, look at this. It's so weak.
731. 24:12This area, 230 pop and fade is what I
732. 24:14would be watching if I trade this.
733. 24:17But, uh
734. 24:18I'm assuming we'll get that. Looks like
735. 24:19it bounced off of 212 here.
736. 24:22Big gap.
737. 24:24>> Right. I like today's session. I am
738. 24:27watching the 235 to 234 pop and fade
739. 24:30her.
740. 24:31So that's what I'm looking for in this.
741. 24:34Let's see if we get it. I mean look this
742. 24:36chart is I think it wants to lower.
743. 24:39>> Yeah.
744. 24:39>> And the best part about Amazon is
745. 24:42I will buy Amazon dips, okay? I will.
746. 24:45I'm not going to buy Amazon in the one
747. 24:46earnings dip because this is just not
748. 24:48substantial enough. This has to sell
749. 24:50lower for me to buy this. But I will buy
750. 24:53and I'm always a buyer of Amazon. I'm a
751. 24:54long-term holder of Amazon. Amazon's
752. 24:56actually my number one holding in my
753. 24:57entire portfolio, right? So yeah, it's
754. 24:59selling lower, but watch I know this is
755. 25:02far away, but look at this level 190 on
756. 25:05on Amazon.
757. 25:06>> Yeah, 52-week close 196, dude. If it If
758. 25:08it breaks 52-week low, I'll I'll get in
759. 25:09long. Yeah, that's kind of what I want.
760. 25:11I want value, right? Like you know, any
761. 25:13any anything for me to go long on
762. 25:15I have a lot of you know, capital for
763. 25:18setting aside for like that. That's kind
764. 25:19of rotation.
765. 25:20It just needs to find value. Meta,
766. 25:22that's why when it when it dropped I did
767. 25:24that and it was almost like a 45% equity
768. 25:26move. You want value and value comes
769. 25:28don't be scared to buy because just have
770. 25:30to buy.
771. 25:31>> Yeah.
772. 25:32>> Anything under 52-week low is sort of
773. 25:34DCA dollar cost averaging.
774. 25:36>> Yeah. But in the short term, watch that
775. 25:38235 level for shorts. In the long term,
776. 25:40watch 190 for dips. Dips to rip into.
777. 25:43Yep, I like that. Schmela?
778. 25:44>> Sounds good.
779. 25:45Guys, smash the like button if you want
780. 25:47me to go over Meta.
781. 25:50Smash the like button. Smash the
782. 25:51subscribe button.
783. 25:52I'm sorry for the jump scare, but my red
784. 25:54level we're back down there, okay? 2
785. 25:56days ago I tried to long this 6 611
786. 25:59area. Everyone's like
787. 26:02all this [ __ ] And then yesterday we
788. 26:04caught the squeeze what three four
789. 26:05entries.
790. 26:06All 100% trades.
791. 26:08It popped all the way to 630 634.
792. 26:10That's where liquidity is. Pop back and
793. 26:12then I'll fail. This is a short now.
794. 26:15And they if they fail this level here,
795. 26:16it's a short. They're going to break
796. 26:17600, but there's going to be games here,
797. 26:19right? In this area in this level, it's
798. 26:21going to be games. So I don't want to
799. 26:23trade the first breakdown that happens
800. 26:25here.
801. 26:26In the meantime, I'll just like let it
802. 26:27let it play out. I'll let you You know
803. 26:28what the dip is be because I just don't
804. 26:30know. This is the demand here. This can
805. 26:32turn into a big
806. 26:35support flush also, okay? If you break
807. 26:37this here
808. 26:38uh there is a level here at 607, but I
809. 26:40think 600 will break and we'll maybe
810. 26:43bouncing at 593 or 587 or something like
811. 26:45that, right? So, we'll have to wait and
812. 26:47see. This can get super heavy after
813. 26:50yesterday. We had a strong day. Everyone
814. 26:51and their moms are trading meta.
815. 26:53And a lot of exposure. If they break
816. 26:56this, it's going to cause another big
817. 26:59big sell-off into this on a Friday,
818. 27:00okay? So, whatever you do
819. 27:03don't don't don't don't rush to jump the
820. 27:05gun on this, okay?
821. 27:07Uh that's it. 610 breakdown?
822. 27:09I mean yeah, sure. I mean it's a level.
823. 27:12I don't know if it'll do the breakdown
824. 27:13or not.
825. 27:14But, we'll see.
826. 27:15>> 610 breakdown?
827. 27:16>> Yeah, Brett's trading 610 breakdown.
828. 27:18>> [laughter]
829. 27:19>> Uh honestly, if if it looks that
830. 27:20obvious, it's probably not going to work
831. 27:21on that. I'm telling you guys.
832. 27:23If it looks like that obvious, it's not
833. 27:24going to work because this is this is a
834. 27:26key area and
835. 27:28you got to remember the stock was almost
836. 27:30800 like a few weeks ago. This is 600
837. 27:32now.
838. 27:33We're approaching fair value areas.
839. 27:36And when fear is there in the market in
840. 27:37these kinds of areas and volatility is
841. 27:39there
842. 27:40[ __ ] can just like rip
843. 27:43even when you know that's not warranted.
844. 27:45So, you got to be careful, but I agree
845. 27:47it's a breakdown, but let it let it
846. 27:49happen.
847. 27:51Yeah.
848. 27:52And Nvidia?
849. 27:54>> Yeah, let's go over the chips, man.
850. 27:56Chips are pretty weak. They they
851. 27:58continue to be weak and Nvidia's sold
852. 28:01off here pre-market. Pretty aggressive
853. 28:03sell-off here. Yesterday, we closed at
854. 28:05around 213. This morning, we're opening
855. 28:07around 208.50.
856. 28:09Pre-market low is 206. So, volatile open
857. 28:12on chips in the pre-market. My view on
858. 28:16chips is mostly bear biased as long as
859. 28:17we're under 213. So, 213 is a bull bear
860. 28:19bias. Yesterday, it was the same thing.
861. 28:21Today's session, I would be looking for
862. 28:23that pop and fade her in the 213.
863. 28:26But again, let's see
864. 28:27Yeah, same thing. It's it's all the same
865. 28:29thing.
866. 28:30But, let's see we have to see what the
867. 28:32we have to see what the appetite is in
868. 28:33the market open, truthfully, because if
869. 28:34you start reclaiming this level, then we
870. 28:35just go higher.
871. 28:37Uh but uh 213's my popping fade spot as
872. 28:39of now, at least in the pre-market. Uh
873. 28:41let's see if we get that little uh move
874. 28:42into that area for a short.
875. 28:44>> I don't know if I'm going to trade
876. 28:45Nvidia today, but uh this For sure I'm
877. 28:47not going to trade Nvidia today.
878. 28:49Uh but uh I agree, man. Everything is
879. 28:51the same thing in Amazon, Nvidia,
880. 28:53whatever names you look at, we just want
881. 28:54like a little pop over the eight or uh
882. 28:5680 MA here on the hourly or 4-hour and
883. 28:58then just fail.
884. 29:00Basically, we want to see if supply is
885. 29:02supply, right?
886. 29:04And uh it's uh
887. 29:07you It's going to be pretty apparent if
888. 29:09there are buyers or there are not,
889. 29:10right? After the the dip, either they
890. 29:12shrug this news off the sell-off off and
891. 29:14then just uh rip it
892. 29:16or they're going to be pretty aggressive
893. 29:17about it supply. So, it's not going to
894. 29:19be like one of those things, "Oh, man, I
895. 29:20don't know if it's buying or selling."
896. 29:21Let's look at the tape, it's going to be
897. 29:23pretty easy for me.
898. 29:24Um so, at the open, very important, we
899. 29:30we got to have our discipline.
900. 29:32Uh
901. 29:33>> Yeah.
902. 29:34>> Guys, uh make sure to There's almost
903. 29:361,000 of you here, there's only 300
904. 29:38likes. You guys need to get it to 600,
905. 29:39guys, come on. Let's get it. It's easy.
906. 29:42Just click the like button, guys, help
907. 29:43us out.
908. 29:44>> Walmart's ripping in the pre-market.
909. 29:47>> Walmart? Dude, like what the [ __ ] are
910. 29:49>> The B&T.
911. 29:50>> I mean, I think something like this
912. 29:51Costco, Walmart are all 2% Coca-Cola,
913. 29:54PG, Pep.
914. 29:55Monster.
915. 29:56>> Mhm.
916. 29:57>> Holy [ __ ] Tobacco, I mean, I guess
917. 29:59everyone's going to be smoking their
918. 30:01cigarettes
919. 30:02because the market's red. I mean, I
920. 30:04can't
921. 30:05I don't know.
922. 30:06And then why health care is green. I
923. 30:08don't know. This is This is kind of like
924. 30:10surprising, but I guess money has to go
925. 30:12somewhere, right? This is really
926. 30:13surprising.
927. 30:15Yeah, bubbles
928. 30:16are 20% down and whatnot. Where the [ __ ]
929. 30:18is the money going? They're not going to
930. 30:20keep it in the bank,
931. 30:21right?
932. 30:22They got to put it somewhere,
933. 30:23[clears throat] and that's exactly
934. 30:24what's happening right now. And that
935. 30:25just shows you the weakness of tech. So,
936. 30:26if you're shorting anything, short tech,
937. 30:28right? And uh just um kind of
938. 30:32I'll get my s- s- explains everything.
939. 30:35So, AMD. Now, if you guys remember, AMD
940. 30:38I kind of gave you guys a long I gave
941. 30:40you guys a short on AMD and we're
942. 30:42finally approaching the second red level
943. 30:44here. So, we kind of bypass one of the
944. 30:46red levels.
945. 30:47Uh that was that was kind of above but
946. 30:50it's fine. But this 493 area 494 is a
947. 30:52big level that I have on AMD. If there's
948. 30:54going to be any kind of dead cat, that
949. 30:56could be an area that could watch,
950. 30:57right? And
951. 30:59that's the red zone here. I mean
952. 31:01now that I showed you this the trend's
953. 31:02already out. Uh but um it's a you know,
954. 31:05this is a zone that they can kind of
955. 31:06keep an eye on. But again, you don't
956. 31:09want to let's down 10% you don't want to
957. 31:10long anything that's like super weak.
958. 31:13You don't know if bids are going to be
959. 31:14there. So, just be careful.
960. 31:16Uh this is this is weaker than most
961. 31:18names out there because of
962. 31:20how wide the volatility is.
963. 31:24Right?
964. 31:24>> Uh it's crazy. It's actually pretty
965. 31:26crazy how much it moved yesterday,
966. 31:28right? I mean looking at where it was in
967. 31:30the in the yesterday's highs. Man,
968. 31:31that's that's wild. I mean yesterday's
969. 31:33highs was 573 574 and this morning it's
970. 31:36it's literally sitting at What is that?
971. 31:394 514?
972. 31:40>> I'll say this
973. 31:41>> dollar dollar move. It's a $64 move
974. 31:43today pre-market.
975. 31:44>> Yeah, I'll say this though. Like the
976. 31:46fact that it dropped 9% without compared
977. 31:49to another name like Tesla or whatever
978. 31:50just shows you the lack of liquidity in
979. 31:52this. People always be like, "Oh man,
980. 31:53AMD's ripping." It's ripping because no
981. 31:55one's participating. So, when squeeze
982. 31:56happens it just goes to the next level
983. 31:58quickly. I'm going to extend this box
984. 31:59here. Right? But
985. 32:01when it drops it's the same thing,
986. 32:03right? I don't know if you I don't know
987. 32:04if you guys have traded this kind of
988. 32:05market, but
989. 32:07when there is no liquidity, you think
990. 32:09there is a level and you're going to get
991. 32:10a dead cat, you won't get that. You
992. 32:12literally get a little bounce and then
993. 32:14they'll drop $5. Okay? So, you have to
994. 32:17be really careful if the market is
995. 32:19showing blood in the street. Maybe
996. 32:20they're selling.
997. 32:22None of these dead cats that have been
998. 32:24happening in the ranges will happen
999. 32:26today. Okay? So, just don't go trying to
1000. 32:29do counter-trending uh positions. Of
1001. 32:31course, risk reward is to the upside, we
1002. 32:32get it, right? But make sure you get
1003. 32:35your timing right on on a a of things,
1004. 32:37okay? Um the I'm stressing this is
1005. 32:39because
1006. 32:40don't think support resistance will
1007. 32:41always have uh like liquidity to bounce
1008. 32:44or reject. Just be be sensible,
1009. 32:47size down,
1010. 32:48and uh trade your levels still, but like
1011. 32:50you know, be be very disciplined.
1012. 32:54Okay?
1013. 32:54>> Yeah.
1014. 32:54>> Um, what else, man? You see everything?
1015. 32:57Apple, Microsoft?
1016. 32:59>> Yeah, Microsoft pretty strong today.
1017. 33:01>> It's strong, yeah. It's just this
1018. 33:02failure of this high and then uh now
1019. 33:04it's failing again. For me, if it loses
1020. 33:06this low, there could be some kind of
1021. 33:08sell-off here. This 515 level here. If
1022. 33:11515 level breaks, the next level I have
1023. 33:13is like 505.
1024. 33:15And a 505 breakdown will confirm a move
1025. 33:17into 495. If 495 breaks, close here.
1026. 33:20Again, it's still far away, but um
1027. 33:23this is still in that chop zone for me,
1028. 33:25so there's no trade until it breaks
1029. 33:27maybe 515.
1030. 33:29This area, I don't have any trades here.
1031. 33:32>> Palantir?
1032. 33:33>> PLTR.
1033. 33:35This also sold off a lot today, but then
1034. 33:36it's reclaimed.
1035. 33:38It's still holding my 192 level, right?
1036. 33:40So, this box here is the the liquidity
1037. 33:43grab. They did that grab yesterday, so
1038. 33:44this is technically still like in a long
1039. 33:47kind of area, but we need to long it in
1040. 33:49the strength. Okay, they've tried to
1041. 33:50break 200, 198, 197 several times. We've
1042. 33:54got a few small scalps here and there,
1043. 33:56right? Actually, we got one big trade
1044. 33:57also on this, but we need to really
1045. 34:00clear 202 for us to get continuation.
1046. 34:03And um when that happens, we can long
1047. 34:05it, okay? Long it in the strength. This
1048. 34:07zone area, it's kind of uh 50/50. If
1049. 34:10they break 192 or this this zone here,
1050. 34:12190-192, we can potentially drop into
1051. 34:15185, which is the next zone here.
1052. 34:19Um
1053. 34:19>> Yeah.
1054. 34:20>> Anything else? Someone said Hood.
1055. 34:22>> That's
1056. 34:23That's it for me. We can go over it,
1057. 34:24yeah.
1058. 34:25>> 6% down. I mean, like all these growth
1059. 34:26names are going to sell off, guys.
1060. 34:27That's just another thing. These are all
1061. 34:29like like high-risk names, right?
1062. 34:31Meaning you're going to have high-growth
1063. 34:33multiple names. So, when market sells
1064. 34:34off, these will all sell off even more.
1065. 34:36You're not going to
1066. 34:37see the blue-chip kind of strength on
1067. 34:39these kinds of names
1068. 34:40um because these are all more volatile.
1069. 34:43That's exactly what's happening,
1070. 34:44especially after the recent sell off
1071. 34:45here.
1072. 34:47Looks like they'll be they'll do a drop
1073. 34:49here 84 of the double bottom here, but
1074. 34:51looks like they might do it. Dude, I
1075. 34:52wish I took more profit on this one.
1076. 34:54This is one thing I regret not fully
1077. 34:55selling.
1078. 34:57But like how would I know?
1079. 34:58>> [laughter]
1080. 34:59>> I took half of and still holding half on
1081. 35:02this.
1082. 35:04Yep.
1083. 35:05Anyway guys
1084. 35:06>> What I like 86 is where I spot him guys.
1085. 35:0886 is where is by trail. Yeah, 86 85.
1086. 35:11Right there right now. It has to hold
1087. 35:13here.
1088. 35:15>> So I mean anything else I think we're on
1089. 35:17a pretty good trade.
1090. 35:18>> That's it. Yeah, guys have a wonderful
1091. 35:20trading session. Trade safe and smart.
1092. 35:21>> Yeah, trade safe guys. I'll see you on
1093. 35:23live. Like the stream guys. Subscribe to
1094. 35:24the channel and I'll see you on live.
1095. 35:27>> See you guys.