A Major Warning About Current Markets, PPI, Major Trends Lines and Fast-Moving Stocks

hopefully you can all hear me well God knows I have the mic right in front of my face just take a second folks bear with us my favorite part of the day I get to spend with all of my people and here we go look at that perfect no one can stop us now all right let me just post this link here so folks can join us and then nobody can interrupt this there we go perfect perfect we are live all right good morning zen master Brian David CJ Omar Frankie good morning good morning from Naples love that Dianna jod art Dave Heather Dave iano cam good morning cam Dave Dr Serena good morning Wayne John Jill Rody I can't believe it's Thursday look at that my shirt matches my background look at that good morning Ricky sassy trainer good morning Robert Cary Patrick good morning Patrick folks Patrick's in Hawaii it's like 34 in the morning over there I don't know how you do it Patrick Tom Rebecca Michael how do you wake up for work Patrick that's probably a good question Rick good morning Thomas Julian let me share my screen if I don't share my screen it's just not going to be as entertaining here do that here put that here put that over there press this button over here if I'm not careful I'm going to hit my uh eject button okay here we go all right now we're sharing look at that Dr Serena nice nice within 70 seconds that's pretty good JB Scott dozzy good morning good morning good morning first of all before we begin customer service live the cam and Gustavo show you do not want to miss out on that uh today I will be talking about my most predictable pattern at noon o'clock at noon not o'cl at 12 o'clock which is noon here's the link for that don't miss out this is my most predictable pattern that I love to share with beginners um I know Brian loves this pattern we'll be talking about it today at noon and I have my VIP room at 11:00 a.m. uh this pattern is a great pattern for beginners so do check it out it'll be at noon and I'll give you guys some uh some examples as well all right let's talk about the market Raj good morning Terrence good morning still have a lot of people coming in here we have a big report I have my uh tc2000 ready to go for us today right here ready and waiting so far the market is uh yeah yeah about 192 now good morning Henry good morning Rebecca yeah getting a nice crowd in here okay my wife my uh my daughter broke up or my daughter and her boyfriend they broke up and my w my daughter's in Tampa they've been together for like a year and nine months so my wife is gonna drive over there right now and stay overnight to comfort her so I'm going to be by myself today so I'll have extra time to spend with you guys it'll be a fun day so if you guys have any emails or anything like that feel free to email me here is my email address I'm going to be watching Ozark uh um Godfather of Harlem and answering emails that's my agenda today Rick says cam Gustavo be proud of me installed the quantum indicator myself thanks to your guidance that's pretty darn good I like that I like that Richard good morning J J good morning Ali good morning okay so start getting into this morning markets are bullish across the board we you have uh upside on NASDAQ Don good morning zen master good morning look at that Dr Serena uh da is up about 60 points which isn't significant this is Randomness this isn't anything to be proud of or anything to digress on uh sorry to hear that Heather sorry to hear that yeah they were together for a year and nine months so and uh nice guy too just didn't work out you know good morning Dylan good morning Liberty good morning Steve good morning Kirk just Zen good morning good morning philli good morning Todd so um we have a major report today that's going to be the PPI report this report is going to be coming out in 24 minutes um in 24 minutes and again the biggest concern this report is not going to be as big as yesterday's report but yesterday's report was not really off all that much basically it didn't give us any anything that we weren't surprised to see good morning flying Ronin welcome Nina good morning um today we're only looking at what I highlighted here and if you notice I highlighted it in uh red purple and green but you could see the only numbers I'm looking at are year-over-year numbers I don't look at fed data month over month because fed data month over month is just very very wacky it doesn't really give us anything to lean on and a lot of times it's revised also you're dealing with fundamental data and fundament mental data has a big lag so we just don't focus on it all that much and I recommend you don't either because uh uh relle I have not read your letter I haven't seen your letter if if send me if you send me an email I promise I will respond to you my dear I promise relle um I was responding to Folks at 6:45 this morning so I will respond to you within within half an hour relle I promise but I just haven't seen anything from you and I still haven't seen pictures of that kitty of yours good morning Pat welcome so the number were now notice this number is quite a bit lower than than than the year the expectation so I'm hoping this number is 1.8 anything between 1.4 and 2.0 will be good because then the FED can say Yes we made a progress from a year ago the truth is anything below 2.2 2.4 and 3.3 would be a welcome number if not we may have a problem and Industrial stocks are very very very important stocks good morning Julio welcome welcome welcome um so so this is the report that we're waiting for I'm not going to get too deep into these numbers till the VIP room which we will have at 11:00 a.m. today because it's Thursday remember Thursday VIP room is at 11: a.m. Thursday and Friday um and here's the link for that good morning R welcome I'm in a good mood today don't mess it up for me yeah Dr Serena 300 in the room already and I'm I'm just restarting my tc2000 look how fast this thing is like it takes like I just started it it's it popped open in less than 5 Seconds no joke five seconds and this isn't even that fast of a computer five seconds to start how long does it take you to get tc2000 I mean uh think or Swim going right don't ask I know the answer I do it every well Matt does it for me every morning so again this report comes out um at uh 8:30 it's 8:09 right now according to my computer so good morning Sandra welcome Lewis good morning Jesse good morning yeah I Murray I emailed Murray at 640 this morning yeah so uh yeah Dr Serena 300 beautiful keep keep keep it going so big big report um and if this report this is an industrial report this is a second report behind the CPI so if this report is off by a lot it can be a big big problem and I don't know if it will be off by a lot let's look at Commodities I mentioned to you guys yesterday and the day before now please let me finish this segment before you interrupt me um I mentioned yesterday and the day before that I like gold I do and somebody emailed me yesterday or actually might have just asked me a question here Nester good morning to you good morning good morning good morning and um uh every week yes it's 110 Thursday and Friday every week every week thanks for that Heather yes Liberty every single week Thursday and Friday I do it at 11:00 a.m. and if you ask me why I do it at 11:00 a.m. I actually don't remember anymore but I think they asked me because of tbuzz or something like two years ago I I should probably put it back to noon if I anyway but I don't even know why it's at 11 anymore but yeah Thursday and Fridays we do it at 11:00 don't ask me why we do it at 11:00 I don't have an answer for you I honestly don't even know why we do it at 11: but yeah it's at noon every day Eastern and then Thursday and Friday it's at 11:00 and again I don't know why so getting back to Gold um I was talking about gold yesterday I believe it was on this show I I talked to a lot of people so times get away from me and they were saying can you do you do you like gold now and I said yeah I do like gold it might have even happened yesterday in the morning here and they said well can you recommend a Gold stock well I didn't have one on my list and I haven't had one on my list in about a week maybe two I don't know how long it's been since we had Newmont and a amem you guys were here um oh that's okay that's all right Liberty but uh but uh but but I remember but I remember we talked about it and I remember I my comment was if I find a good Gold stock I'll definitely give it to you because I do like gold the problem is and I should probably look a little deeper but I haven't been able to find one Gold stock breaking out or if I have I haven't been able to recognize it so I know it hasn't been a big one so even though I'm saying it's okay to buy gold you always have to wait for the right Gold stock because remember we're using it uh ask the pros thanks Marie man you have a memory Marie you have a memory of a freaking elephant you really do yeah it's been a while right Paul and I haven't had one so so again just because the commodity is breaking out now you can obviously buy GLD you know you can you can buy this if you wanted to but my suggestion is when you see me talking about Commodities try to find the the strongest and weakest stocks notice it hasn't broken out so if if if our I don't know this to be the case but if GLD or am or Newmont is doing this right here then there would be no reason for us to buy we want to buy when it's discovering new price area Okay a new price area that's the other thing I wanted to bring up so so here's a perfect example of what I'm talking about okay crude oil I've been telling you that I've been bearish on crude oil since we broke this level and I've been telling you that overall I think crude oil was in the channel and then it broke this channel so I've been bearish on crude oil but the the crude oil stocks that I've been talking about now I just want to bring this to your attention so there you go Francis nice Angie so glad to to hear that so glad to hear that nice nice nice nice makes me happy okay I was a little bummed out yesterday we had like we had when markets do this and boy they've been doing this now we get people coming in coming out from everywhere obviously they're getting whipsawed and they're taking loss and it's obviously my fault So Yesterday somebody really pissed me off we were in the in the in the VIP room and somebody said to me um I just put on a stock like an hour ago in the pit and I said next to it it'll it it probably will be a a swing trade or something like that and somebody said to me you didn't give us an exit signal I put the trade on like an hour earlier you didn't give us an exit signal the trade went against us I got out it's a loss and that really burned me because I never gave a cell signal uh I never you know just so so so folks don't start getting crazy when markets go against you please have some have some have some common sense please have some common sense okay um so so just just please have have a common sense uh so let me give you an example of what I was talking about crude oil remember I said short crude oil right here so if we were to go looking at our stocks and I'll just give you a real life example so let's look at 90day breakdowns so you could see what I'm talking about so let's say that I I'm bullish let's say I'm bearish on energy stocks like I'm bullish on gold stocks okay so bearish on energy stocks Roger said sell energy stocks buy gold stocks Roger goes to his 90-day breakout breakdown right here um so let's look at let's look at the breakdowns let's look for oh okay look we got oxy we got SLB we got APA so what I would be looking here is I would be looking for the most overextended stocks to the downside what did you just say you're looking for the most overextended stocks you mean you're not looking for the one that's just ready to break down you're looking for the one all the way down here Roger you pick stocks that are really overextended like you you get why would you get into a short I got an email yesterday Roger you're picking stocks that are really overextended so my response was have you ever seen me pick a stock that's not overextended I never got a resp I'm telling you I get the weirdest coming out of when when people start losing money people they start turning on me and they start at just they start saying weird stuff okay yes I pick overextended stocks all all the stocks I pick are overextended so my point is if I'm looking to short Energy stock guess what energy stocks are on my list today this one PSX look at how overextended it is look at how overextended this stock is to the downside versus a stock like I don't know let's see Fang that's just breaking down I guess maybe my point is you want to sell very overextended stocks and you want to buy very overextended stocks okay I know that Paul but you should try to tell them that hedva it's hard I really want you guys to do money to make money and when folks don't listen it's just it's really frustrating because I really care you know it's very easy for me hedva to just be like ah screw yourselves just but I don't I really care I really really really care you know I do I want you guys to be the best Traders you could be this is my goal in life I take my work very seriously so again if I tell you to sell if I tell you I'm bearish on energy don't look for the energy stock that's down here look for the energy stock that's down here okay okay all right so I'm still bearish on energies we're approaching the 8 day EMA uh we could be pulling back but if you see an energy stock that's breaking down today especially if this is going up that's the one you want to sell only the ones that are breaking down especially and I'll tell you another thing so let's say we're look so let me help you guys out and let me let me show you how relative strength works we have time today we have a few minutes so let's say we're doing this let's say energies are doing this okay every Energy stock I give a damn I do give a damn Eagle beagle good morning by the way good morning to you so let's say lesson for you really important lesson here so let's say energies are right here okay and I tell you guys hey it's time to sell energies and you're like duh well when energies are doing this right here there's going to be 40 energy stocks all doing this okay how do you pick the the weakest one I don't know well I do know I I do know but I'm being factious it's hard though visually it's hard I I I could do it I have tools but and so do you with the prot trader dashboard you could just find the one with the the most weakness but let's say you don't have the prot trader dashboard or let's say you're not day trading whatever for whatever reason how do you pick the weakest Energy stock when energy is doing this it's hard it's really really hard because they're all doing this right but when energy is doing this 80% of energy stocks are going to be doing this 20% of energy stocks are not going to be doing this those are the ones you want to focus on ah see Karen knows how to how to cheer me up Karen knows how to cheer me up Karen knows how to cheer me up if you guys want to cheer me up do what Karen's doing no I really care sorry if I'm if I get too wound up I care I care about you guys and when I see people just making stupid mistakes it just burns me no when they when I see people blaming stupid mistakes and blaming me for it it burns me when when I see people making stupid mistakes it doesn't burn me uh thank you TV so so so look so look look at now when energies are breaking down here everything is breaking down oh energies are going down you could just throw a DOT a nickel at any energy stocks and you're going to be doing well right cuz energies are breaking down but how do you find the one that's really good well find the one that hasn't had two up days find the one that had two down days while energy is going down that's the one you want to sell you understand you see how much easier it is to find good energy stocks that are breaking down when energy is not doing this but doing this again just a little lesson for you okay 10 year is still deflationary obviously we're going to be watching this very carefully within the next 10 minutes this can be up here or down here hey Louie good morning good morning to you Ed good morning to you sorry Ed I don't know what you're what you're uh referring oh oh oh oh I know what you're talking about you're talking about this that people have asked me that before when a bar when it makes a swing low like a multi-month low bar chart run when it's like a six-month low or like a thre Monon low barch or like an I don't know if this is a year low but probably like a quarterly or it draws like a little thing here so if you see it up here see how you see it up there you see how you see it up there that means it's a it's a it's a high for a certain period or a low for a certain period Robert you'd be you that's what yesterday people were Robert the trade we took on yesterday that we still have in the afternoon someone didn't hear back from me yesterday for an hour just assumed I forgot about the trade and they just got out and they called me they called it a loss uh thank you Ricky I do I do I really do I really care about you guys Matt will tell you I really care about you guys uh yes Sandra you're what Sandra just said what Ricky just said you guys are all great thank you I guess the morning crowd doesn't turn up you know by the way it was just one person so it was just one person there was 400 people in the room it was just one person so again please please please please pay attention to these little nuggets that I'm giving you right now because look if you go through this list look 90-day breakdowns okay Energy stock Energy stock Energy stock Energy stock Energy stock energy this is real this is today's list Energy stock Energy stock Energy stock Energy stock Energy stock Energy stock how do you pick the the weakest Energy stock find the one that hasn't gone up in the last two days oh interesting thanks for sharing rise does he don't I don't even know and this person is a smart person uh he must be a new guy cuz honestly though that also lot but you don't forget no I don't forget he was a new guy but still I mean come on I literally like update you 10 minutes in the pit I mean um okay so 10 year we'll see how this goes I'm I still believe so my my theory is the report will be good and will continue moving higher okay Michael says what is this list this is list of stocks making 90-day lows here you can play with it if you have uh bar stockfetcher here here Michael enjoy it there it is for you okay uh so 10year note we'll see where it where it positions it's going to be very important today for Blue Chip stocks this isn't driving tech stocks as much as it was because we're entering a deflationary environment but this is going to be very important for industrial stocks today basic material stocks today and commoditized stocks today okay volatility hey volatility finally finally broke we're now now notice something interesting guys is it safe to short is it safe to short well yes because we're still not below the 15 level we are now in between the uh oh there's something going on there's danger zone hey Dr Serena thank you for that I appreciate it Michael so true so true I gotta take I got to take those sensitivity training courses remember anger management OA OA me and Clyde Clyde and I have to take sensitivity training OA OA anyways so when vix is at 20 or over 20 it means people are are being really nasty in the market they're they're they're you know they're they're they're very very upset they're angry they're not listening to me they're blaming everything on me when the vix is below 15 they're happy uh the sun is coming out everything is hunky dory well right now we're right between 15 and 20 so where oh it's already out no it's not out it doesn't come out for about 5 minutes yes Ray 1,000% 1,000% so um so right here and right here we're we're kind of like in between right now we're in the hey guys there's something on the horizon I I don't feel warm and fuzzy but um I'm not ready to jump out of the window yet I hope that makes sense okay I hope that makes some sense so it's a it's a it's a uh it's it's we're we're we're not out of the woods but we're not in the meat grinder you don't need people to toughen up I do need people to toughen up Greg I need them to toughen up and and start start you know this is a this is a this is a job for people who can control their emotions so so again 20 above 20 means uhoh uhoh we're we're we're not buying stocks and below below 20 means we're cautiously optimistic and below 15 means the Bulls have the upper hand good morning I haven't seen you yesterday hope you're doing well you know believe it or not I have a relationship with some of you guys I actually know you I talk to you we hang out uh Murray comes out here sometimes and uh he even knows Clyde personally so again uh volatility is moving in the right direction but till we really break the 50-day moving average on the tech stocks and start moving higher I believe this will stay elevated okay let's put everything together and then we will talk about the stock market now notice we've been talking for 25 minutes and we haven't really talked about the big the the the trees we've only been talking about the forest so investors are bracing for producers price data that's coming out really quick hey Penny I was just want I was just thinking about you I was just thinking where is Penny uh good morning Penny I hope you are well and by the way my family did go to that uh event that you send me a link for and they had a great time so thank you for doing that Penny I appreciate it very nice of you to send that they went last year and they're going again this year uh I didn't know but I guess that's a big event moon dog is in the house yay mondog I hope you're feeling better and I hope you're at home now so we're waiting for European Central Bank interest rate decision and we're waiting for PPI PPI comes out in three minutes solar stocks rallied yesterday solar stocks like camela or Kam I can't pronounce her name right CA camela camela uh solar stocks like camela traditional energy stocks like Trump uh she won the debate solar stocks are um are rallying over the next 2 4 hours that's right uh that's right Angie that's right that's what I'm going to be doing yes rise exactly exactly so um in the next 24 hours I have a project one of my project is to make you guys a little cheat sheet to show you which stocks respond well under what candidate it's not going to be political it's not about whether I like camela or whether I like Trump it's just a factual uh camela camela camela it's it's whether it's just a factual sheet that which party favors what industry or what sector so it's not really like I think this is going to happen or I think this is going to happen it's going to be like if this guy wins this is going to lead if she wins this is going to lead you guys take it from there I'm going to be doing that in the next 24 hours okay comma La K La got it got it so I know that you guys want that and I promis that I would uh help you with the debate please I don't want to get any nasty emails I don't want to get any you don't like this can don't don't please don't I don't want I don't want to hear any of that okay yes exactly Paul where money is going to be flowing into March that's because the perception right now is that ham La is in the lead so um that's why solar stocks are uh are are up again I think this will help you kind of watch the debate watch the race from a different perspective okay kumala Kuma camela nice thank you Ed chip stocks gained ground yesterday very very nice we saw the whole sector rally beautifully we will um uh Francis it's a it's paid uh but I think it's like $6 a month or like $7 a month uh yeah it's cheap it's cheap and you can also get limited amounts for free but honestly it's like the best $10 you'll ever spend a month I've had it for over 20 years or something like that or far as far back as I can remember and I love it and I still use it in the morning pre-open Alba Marl uh Bas Chinese they had um they cut their Li lithium production in China so it's good for lithium stocks okay let's see let's see p oh PPI came out let's see let's see let's take a look and see I don't see anything there ah thanks cam that's a good answer let's see not seeing anything on the bond market let's see maybe the my other thing is okay here here it is here's the reaction so we're not seeing a bullish reaction from this not yet at least let's see um this can be a little delayed sometimes okay so now month over month doesn't count I want to see year over year oh 1.7 year over year thanks muray yeah that's worse than expected but again see it's better than the consensus so they're gonna they're gonna they're gonna that's that's fine 1.7 is is that that's not bad that's not bad it's not a bad report it's in line with estimates it's pretty much in line it's not going to really give us much of an impact also remember something guys also remember something uh we have fomc next week so the Market's going to be really really careful ahead of the fomc thanks Marie I appreciate that 1.7 is not bad see the estimates so 1.7 is not bad uh all right so see anything I here yet no not yet but I believe you I trust you if it's uh I don't have at work I use a lifetime data feed but I don't I don't Matt has it right now I don't want to turn him off of it just rather he use it it's called Trader exchange it's really good and it's real time yeah no no real impact no real impact which means stocks will be able to trade on their own volition today which is really great okay that's good 1.7 is fine yeah I mean it'll it'll come up here in a few minutes so let's continue so we know we already know that this report came out in line with estimates they're pricing in they're now leaning again towards 0.25 in September versus uh versus 0.5 which I thought was silly unemployment at 230 they we're looking at yep not not not continued claims is what I care about yeah the numers not not really yeah so actual actual estimate 2.5 so it's pretty much in line pretty much in line the bond market is just it's a little lower but I wouldn't call this a big uh a big move move here let's see what uh industrial stocks are doing not really doing much here let see Tesla down a little bit n not not not the kind of impact basically a nothing Burger don't moon dog don't get fomed into hey guys when is when is the right time to buy Nvidia can you tell Moondog when it's time to buy Nvidia when SMH goes above what's our what's our level 265 on SMH then buy Nvidia okay let's continue Adobe has earnings after the close today this will impact software stocks like Microsoft now security stocks Adobe is not a huge company in terms of market cap compared to the some of the bigger ones but it has a huge huge influence than Target consumer discretionary same thing with adobi and software yes exactly see what all those folks just said you got it Europe is up a little bit fueled by Global Tech rally hopefully that'll continue here in the US uh interestingly Tech and M mining stocks led the gains Mining and Tech I don't get that but hey what do I know mining I guess because there's a shortage of lithium in uh in uh China China closed lower giving up early game GS uh uh as weak sentiment in the country continued gambling stocks Baba Roku liquid liquor and telecom stocks led the decline the most recent set of economic data showed no clear signs of recovery while authorities refrained from signaling Market support through strong policy measures geopolitical risks and trade tensions contributed to bearish sentiment and if you look here if you look at their this is like the S&P 500 for China you could see they're right between the 200 day moving average and the 100 day moving average and they tried to Rally here and they couldn't and now they're in the crapper so not really all that great Japan closed sharply higher today SN snapping a 7-Day losing streak uh US inflation reading drove the end to the lowest to the highest level again excuse me against the dollar technology and basic material stocks led to gains on Thursday Bank of Japan reported that annual producers price Japan in Japan Rose less than expected making its lowest level in April they're going to keep their rates elevated obviously Micron fell this is a chip stock this could potentially weaken chip stocks a little bit this is the only reason why I highlighted it here okay uh looks like let's see bond market bond market is holding steady just holding steady not doing anything look not doing anything what about spy let's look at spy spy's a little bit lower breaking down a little bit breaking down a little bit nothing crazy okay let's now talk about the stock market folks I've got some bad news for you yes it is good for gold overall it's good it's not bad for gold um look the number of stocks I want you guys to see this the number of stocks above $2 above the 50-day moving average it's not looking all that great 45% of stocks this is a stock that's been tra any stock in the stock market that's trading above $2 right now that's been public for a minimum of six months 60 55% of them are trading below the 50-day moving average Don uh if you email me I'll let you know or if you wait till the end and ask me I'll I'll answer I I I need to get through my agenda here although I I don't think today I'm going to be all that busy trading because we have a good anyway we'll we'll see what happens but I'm not really loving the momentum right now in the market overall Market same thing 200 day moving average only 53% of stocks are trading above the 200-day moving average and if you look at this over the last month we're exactly where we were a month ago yes Eagle the market does not look all that great at all I agree with you looks very ah so this is not happiness this is telling us we're very vulnerable but Roger my favorite Fang stocks are making all-time high yes but that but there's a lot more stocks in the market than that if you look at overall performance the S&P 500 only 65% of stocks are above the 50-day moving average now 69 200 is pretty good but again that's just the S&P 500 if you look at the Russell 3,000 57% look at the Russell 1000 this has a lot less market capitalization weight at only 62% this is telling us that if we get some bad news on the market the market can fold like this that the market does not have a lot of holding it that's what I'm saying right now it does doesn't have a lot behind us there's not a lot we don't have Diamond hands holding us at the bottom right now okay also don't forget customer service live from 10: to 1 p.m I'll be doing a class on my favorite pattern for beginners you guys are going to love this class I may even give you some freebies and I'll be in my VIP room at 11: a.m. and I just posted the link to both what about the NASDAQ NASDAQ guys look at this 56% % of stocks so is it just the large caps on the NASDAQ or is it everything well three months ago we were crying because the NASDAQ looked good but the large caps didn't now they both look like crap 56% 56% this is the top NASDAQ 100 stocks 52% 56% a lot of vulnerability in the market no this is not a time to go big on positions at all all right now let now look we've been talking for 38 minutes and we haven't talked about technicals yet now let's talk about technicals okay okay the S&P 500 tried to touch the 100 day moving average it tried to break down it couldn't it gave us a complete uh Whiplash right here right here for anybody who went short here got really screwed because we didn't break the the 100 day moving average and a lot of folks thought we were about to break down and come down here and instead we pulled a 180 does it happen a lot no did it get us into a lot of trouble not really just basically cause causes some Whiplash for two days uh Eagle Francis says as a Trader we need to focus more on small cabs they lead background yes that's exactly it Francis Penny said September is often the poorest performing market and some of the biggest swished yes Penny Mark said Nvidia had a 7 to 8% move yesterday based on comment by CEO yes Mark you're all right everything you said is correct uh but I'm not buying chip stocks till SMH is above 265 so so I like where the S&P is going right now I like it a lot and also the fact that we couldn't break down below the 100 days telling me the market wants to go higher now keep in mind I'm talking about large caps right now so I like what I'm seeing right now I like what I'm seeing on the S&P 500 a lot actually the fact that we broke Above This level yesterday that we're above the a line the fact that we closed at this level is really really great the only problem would be is If today if we turn around and went right back down I don't think that's going to happen but again we are still very very very very choppy very very very very choppy around here but I like what I'm seeing on a daily QQQ I don't like what I'm seeing on a daily matter of fact I hate what I'm seeing on a daily we're a budding so Mark you keep telling me now here here's the interesting thing I respect what you're saying Mark but look at the NASDAQ 100 do you think it's a good time to buy do you think do you think that it's a good time to buy Nvidia with the NASDAQ 100 literally keying off of of the 50-day moving average this morning as we as we're here today in real time this is yesterday and this is today we're literally keying off don't you think it would be better to wait to buy Nvidia for the market to break out at least Above This level here because here's the thing Mark I don't care how Invidia looks if the NASDAQ 100 starts dropping from the 50-day moving average nothing is going to help in video my friend and you know what'll happen when the uh by the way coincidentally you know what'll happen when the when the NASDAQ is is not here but right here the SMH which controls Nvidia will be right here 265 so I'm going to wait to buy Nvidia till we're at 265 you know why because if you look at the SMH Index right now we're we haven't even a Jarred the resistance level of our uptrend to the upside I wanted to show you this look at this red dot do you see us connecting this to it we haven't even reached our uptrend yet and so so we haven't reached our uptrend yet we haven't brok our we haven't broken our downtrend in chip stocks yet and QQQ is hitting the 50-day moving average right now and we have no more Catalyst for this week do you guys think it's smart to buy tech stocks right now oh I know Mark I I know I know I'm just I'm I'm it was a good example but see Mark a lot of folks would buy Nvidia based on that yesterday so look Nvidia NASDAQ 100 which could so so look look look think of it like this the NASDAQ 100 is the grandfather SMH is the father Nvidia is the child okay okay so what is the grandfather doing the grandfather is hitting hitting a a resistance area a real resistance area and right above this resistance area is a whole bunch of value I mean there's like a lot of resistance right here a lot then when we get above the 50-day moving average and we get above these 1 2 3 4 5 6 days of resistance right here at 477 we then have to overcome the downtrend I just showed you three bearish things factual bearish things not things that I think are bearish we have the 50-day moving average we have this crazy resistance area here and then we have to hit our up then we have to break the downtrend that's the grandfather talking then the father says okay Grandpa you're screwed you got a lot of stuff above you what about me let's see oh I have this line here which will separate whether I'm even bullish or bearish I'm not even bullish yet till I break this line but you're telling me after I break this line I have the 100 day I have the 50 day and then I have all of this mishas here that I have to break through that's a lot to break through so the father says nah we're not going to break through that the father will say I'll only buy I'll I'll consider buying Nvidia if we're above this area that's 255 what I'm suggesting is you wait till 265 but you see we haven't even broken the downtrend in SM let me give you a better example you'll see it clearer the example I'm going to show you right now that TLT is moving High on this news stock market it's kind of sitting there not really doing much okay so look let me clean this for you up this is the Philadelphia this is the same thing as the SMH okay this is the same thing as the SMH this is the socks index the reason I'm showing you this instead of SMH is CU I don't have all these lines here drawn up semiconductors will not even become a a bullish Eye in the Sky till we're Above This level right here we're not even there yet look how far away we are that's before we even break the downtrend so the before I even consider think about buying semiconductors they have to break Above This level then they have to break this level I want to buy them when they break Above This level yeah nothing changed so you understand do you guys understand we haven't even broken folks are buying Nvidia and SMH hasn't even is still in a downtrend so you're buying chips you're buying the strongest chip stock while semiconductors are still in a downtrend that's a stupid thing to do and I'm not suggesting you guys are stupid and I'm not suggesting you're buying it but I'm saying if you do you're buying a strong stock in a downtrend instead of selling it you're buying it because till we break this this is going to stay in a downtrend just trying to give you guys a little wakeup call so QQQ right now is at a very very very very crucial level and I hope it breaks it I hope it breaks this and I hope it breaks that up this is that graph that that line that I was just showing you right now just this this chart is all mocked up but this is the line that I was showing you right now good Mike good David again what you're doing is you're reinforcing bad habits and you're cementing them into your mind and it makes and you're rewarding your mind for doing something wrong I know guys who give them I know police officers who give themselves tickets when they run a red light my suggest Mike is do anything you can to get rid of that money and and and because you're rewarding yourself for doing the wrong things it's like tra it's like training a dog and giving them a snack when they're barking and you're teaching them not to bark I'm going to leave it at that I'm going to try to be very calm today yes I know it's a good analysis but they still won't pay attention so QQQ technically is still in a downtrend it has to go above 480 to become to start becoming slightly bullish and 485 to really for me to take it seriously I did like tech stocks yesterday just not chip stocks not chip stocks I like tech stocks that are up here yeah okay um let's continue so I talked about SMH I talked about oh iwm Russell 2000 below the 50-day moving average pinched between the 100 and the 50-day just sitting here there you go Francis that's it yeah don't reward yourself for being lucky punish yourself for being lucky if you're lucky that means you're not H trading with a plan if you're not trading with a plan you're just messing around you're only going to hurt yourself remember what I said the in trading is people get attracted to it because there it's a clear slate there's no rules you make your own rules and that's also what screws you up the fact that you don't have any rules the thing that gets you into trading the most is what gets people screwed the most so again choppiness for small caps what about the Dow let's look at the Dow Dow started cooling off a little bit last few days and money started coming into chips we're looking okay we still have to overcome this area here but we're looking okay we're above the 8 day Ama we're above the 8 day AMA all right let's do these levels let's talk about sectors real quick and then I'll do these levels intraday um I mentioned to you yesterday that money starting to come back into technology a little bit but I also warned you to be really really cautious I explained that semiconductors which one week ago I'm going to go back one week a week ago some semiconductors and Technology were down here and I said I see them starting to come up at the expense of defensive stocks I didn't say to buy technology I said they're just coming up on our screen and then now today technology semiconductors consumer discretionary QQQ is now all the way back up here which is telling us that defensive stocks are starting to lag a little bit and speculative stocks are starting to come up does that mean you shouldn't be buying buying any tech stocks no you should be buying tech stocks that are making new highs or near New highs or breaking out you shouldn't be buying tech stocks that are below the 200 day moving average and you shouldn't buy chip stocks it's okay to buy tech stocks it's not okay to buy chip stocks that are certain sectors on Tech that are breaking out not chip stocks not chip stocks okay so you could see right here that technology is starting to come up and Blu chips industrial stocks are starting to come down see Industrials down here now Blue Chips we are going to see if that Trend continues over the next few days but when you're looking at this also look at the chart to see if the sector you're in is in a uptrend or a downtrend but uh technology is starting to lead and blue chips are starting to be faded which is one of the reasons why we went short that blue chip stock in the pit yesterday because Blue Chip stocks are starting to fizzle out and tech stocks are starting to come up notice in the pit we're long a tech stock not a chip stock a blue chip stock that has a lot of exposure to technology but at the same time we're short a blue blue blue blue chip stock in the pit right now and obviously we're not going to give names of stocks that we're currently holding okay uh let's look at intraday levels and then we'll get into the stocks for today spy is this helpful to you guys see talking to you guys good morning Eric good to see you here is this helpful to you guys are you guys getting some benefit out of this hey Daniel did you hear did you hear me just say a minute ago not to talk about positions that we currently have open Daniel do me a favor don't talk about positions we currently have open yes Daniel but what you're doing right now is not helpful because right now what you're doing is you're you're you're you're devaluing the area of what people paid for so Daniel stop stop doing that and if I see you doing that again I'm going to have a little talk talk with you we don't talk about positions that are currently open in the members area Daniel in public in public broadcasts so don't do that no more I'm gonna have to kick you out if I see you doing that again Daniel so S&P intraday levels we are now above the 555 Level the next level is 565 okay uh to the bottom the next level is 545 the next level um Daniel don't post stuff that we have in the pit in any of my broadcasts don't just don't uh 538 on the low end 545 555 565 don't do it Daniel you do it one more time I'm going to kick you it's not fair to people who paid good money yeah it's not fair all right let's continue honest mistakes happen uh 555 565 545 538 let's continue you're welcome Thomas QQQ o look at that we're approaching interesting levels right now on the QQQ right here right here uh 471 465 453 and here's that trend line see this trend line This is the trend line that I see how we touched it right here until we touch this area right here the QQQ is going to be in a bearish trend we have to go P I hope you write this down the QQQ has to break above 47723 when it does that it'll break this area right here the QQQ has to if we go up right here we can just come right back down so none of this really matters until we break this level that level is here here it is on an intraday 477469 write this down if you see us breaking 477 485 then it's time to buy the strongest tech stocks the strongest tech stocks not chip stocks they're not strong on QQQ on uh SMH let me give you those levels on SMH here's that trend line on SMH on SMH that trend line is 23870 23877 is whatever and I I'm not even you know going to look at them till we're above 250 and no juice till 265 but you could see here to the downside you got 231 here you have 221 and look at that we've been ring all night on chips so this this is this is this is good we may cool off here or we may break but again until we break this upside which is 238 240 and then we have a hell of a lot of resistance here so I think I'd like to see us at least break 251 at least break 251 look at that we got 474 people here when is the time to sell tech stocks when we come up to this area we break down and then you would go to stockfetcher and you would pull up 90day breakdowns and you would look for the weakest Tech stock sassy trainer but you know I got something good for you I'm going to be doing that today in the VIP room see you don't have to worry about it so if we come up here and start breaking down b boom if we start breaking down right here b boom we never broke the uptrend semiconductors have not broken their uptrend QQQ has not broken their uptrend comprende capish do we understand each other it hasn't broken the uptrend we haven't watch I'm going to get an email Roger what do you think about buying am uh a uh AMD today well Roger what do you think about Apple it looks like it can recover all right I hope we understand each other the level Moondog that level and and if you guys send me an email and you say Roger Give Me That level I'll respond to you in five minutes because that's very important uh 477 yeah definitely the place to be right here 477 and honestly I would even say 485 we have let's and there's a look at the level of resistance we have on the QQQ ahead of us look at this mondog check this out look at this look at this you have the 50-day moving average you have this resistance area then you have this trend line and then you have this Gap that's why I'm saying you have a l there's a lot of stuff above us there's a we haven't broken the downtrend no no we have not no we have not that's why the only stock the only stock that I'm the only stock that I'm bullish on in the pit is a in is a quazi tech stock it's more of an industrial uh stock and you guys all know what I'm talking about all right so I gave you the intraday levels uh oh QQQ I mean iwm sorry iwm you've got it doesn't look good at all actually looks like crap we're still between 212 and 206 the next level is 204 and the next level is 216 they have not broken their downtrend they have not entered their uptrend Francis their uptrend their uptrend yes look at QQQ I honestly look here's why I mentioned both of those levels because even if we get out of this level here even if we go up here i' still I would still be cautious because if we don't break this level look at look at how much resistance there is here so I would say there's two levels first 477 and the second level 48550 and if we don't break this level this the first the red line right here this level right here we're still in a downtrend we can go all the way up here play around like we did right here come right back down and we'll still be in a downtrend all right let me talk about my top stocks short side first oh and there's only like a 100 stocks breaking out one way or another momentum levels are ripe so we can go plenty to the downside uh raw to the upside we got uh 48 to the downside so you've got plenty of momentum upside and downside okay oo I guess I am going to be late today oh well it is what it is all right let me give you your stocks and then I'll get out of here short side first Dino fun fun is not that fun in anymore Human by the way look tried to break the downtrend three times couldn't three times tried to break look at how bullish it looked here here and here and then what happens wait for a stock to break its downtrend before going long BH i ns W exactly Angie there you go insw dpz Domino's Pizza o this is one of the fastest growing stocks in history by the way over time don't forget customer service live cam and Gustavo show from 10: to 1 p.m. by the way guys don't forget very important stuff and don't forget your Domino's Pizza my energy stock that I don't like that I'm still bearish on remember energy two updates did this stock have two updates like energy did no it didn't matter of fact when energy tried to hit the ad EMA yesterday this broke down overextended why do I I mean you should have seen the emails I got yesterday that's right Gaston how are you Mr I put 10% profit Target and it actually worked yesterday after I listened to you you know Gaston I've been saying that for a long time now breakdown Foot Locker um V Victoria has a gap she's in the Victoria nice breakdown right here maybe a gap to Green trade probably not but maybe you don't know if the Gap is good but I like this Gap probably a profit Target right here right in this area right here thanks zen master let's continue e yeah we're stock of the year you're right yes glad you remember Estee Lauder still looks like Fang does this does this energy stock look like it's coming back up no all right let's do the long side beautiful chart CB palent isn't that a tech stock isn't that a tech stock what is this Tech stock doing guys does this stock look like it's it's waiting to break a trend I hope I answered everybody question about what tech stocks to buy Walmart first time we're talking about Walmart this year first time guys first time we're talking about Walmart here we've never talked about Walmart on this show Roblox isn't Roblox a tech stock isn't this a tech stock hey look at that FIS first time we're ever talking about this stock MasterCard never talked about it before and yes I'm being highly sarcastic right now flut we talked about this beginning of the week hey ACN nice breakout a couple of a-lines potential a-lines and by the way the quantum indicator is the most is the is the most insane confirmation filter for the aine I just want you guys to know that which is what I'm going to be talking about today at 12 o'l the aine if you guys don't have the aine yet I highly recommend you check it out there it is right there and my I'll be in my VIP room at 11: today here's the link for that U I'm going to be late to work today Avalon Bay talked about the stock several times talked to you guys about how they do mixed use in California how they're really big and how real estate's supposed to be coming up I've been talking about the stock Non-Stop talked about this stock and talked about this stock a lot of real estate stocks all right guys thank you so much for being here uh if you have any questions here's my email address I don't know Angie I know it's Entertainment stock aine and Quantum are great confirmations for each other here is my email address if you guys have any questions I'll see you at 11:00 a.m. bye everybody I hope this was helpful to you bye everyone have a great day please listen carefully and stop having your emotions Drive what you do