Video summary
The stock market concluded the week with a mixed performance, characterized by slight declines in major indices like the S&P 500 and the Dow Jones, while small-cap stocks and the Nasdaq showed modest gains. Although Bitcoin dipped slightly from its recent highs near $80,000, it remains at a critical breakout level that could potentially lead to a surge toward $100,000 if key resistance levels are breached. The volatility was further highlighted by rising oil prices and an increase in the VIX index, creating a cautious atmosphere as investors head into a long weekend. Despite these fluctuations, the creator noted that Artificial Intelligence and semiconductor stocks continued to outperform, setting the stage for deeper analysis of specific equities later in the video.
The presenter provided a detailed technical breakdown of several key stocks, starting with SanDisk and Micron, both of which are forming bullish "cup and handle" patterns on their charts. SanDisk recently delivered a quick swing trade profit after exceeding its target price within minutes, though the creator admitted that holding longer might have yielded even greater returns as the stock continued to rally. Micron is viewed similarly but carries additional weight due to upcoming earnings reports in a few weeks, with sentiment improving significantly across the semiconductor sector alongside Nvidia's record highs. The analyst suggests that if Micron can break through its current resistance, it could target prices well above $1,200, making it an attractive option for both short-term trades and potential long-term holds.
In contrast to the strength in chips, other major tech names faced headwinds, with Tesla suffering a significant drop after failing to hold support at key levels and Netflix pulling back toward its moving averages. The creator also discussed Uber, noting that despite recent insider buying by politicians and hedge funds, the stock has corrected sharply from its highs, presenting a potential opportunity for traders looking to enter positions in the mid-$70s range. Additionally, Robinhood was highlighted as a strong performer where the creator successfully managed options strategies to lock in substantial gains while retaining flexibility for future moves. The overall strategy emphasized patience and waiting for clear technical confirmations rather than chasing momentum blindly during uncertain market conditions.
Looking ahead, the video concludes with an update on the creator's current situation, explaining that he is currently on vacation in Crete, Greece, which has temporarily slowed down the production of long-form content. He reassured his audience that this break is intended to prevent burnout and that he plans to return with renewed energy once the fall season begins, coinciding with football games and family celebrations. While short-form content remains active, the creator encourages viewers to stay engaged through his Patreon and Discord communities for real-time portfolio updates and trade ideas. He expressed genuine enthusiasm for returning to full production mode after this reset, promising to bring fresh insights and strategies back to the channel as the market prepares for the next phase of trading activity.
Read the full video transcript
And just like that, guys, another week's
in the books and it was uh it was a
pretty mixed bag for the stock market
today before this long weekend. If you
guys didn't know, Monday uh the market's
closed and today we had again a mixed
bag. S&P went down about 0.4% not too
bad. I mean, look, not bad at all,
really. Dow went down about half a
percent as the Russell, the small-cap
index, went up around a quarter percent,
same with the Qs, a little under a
quarter percent, actually, 0.18% exact.
The VIX creeped up, oil went up, and
Bitcoin, which I'm sure you guys have
been tracking, right? Bitcoin ended up
going down around 2 and 1/2% not bad,
but it's at $80,000 a coin and I've said
this so many times, this is the moment
of truth. This is the breakout spot for
Bitcoin. We're now testing the highs
from the middle of May. We hit about
what? 80, 82, 83.
Um that needs to break and if it does,
oh boy,
this could start to go back towards
100K. I know it might sound crazy, uh
but that that's a gap that could fill
here based on the chart on this 4-hour
timeframe. So, pretty mixed bag again to
end off the week and with that being
said, a lot of the AI stocks today
crushed it. Chip stocks, memory, picks
and shovels plays, we'll talk about some
of those stocks in this video. Um so,
let's dive into it, guys. By the way,
hit the like button and I'm sorry about
the lack of content. If you guys didn't
know, um I'm in Greece. I'm in a you
know, I'm in Crete right now doing a
nice little vacation with the family.
We're we're going to be here for about
two, three more weeks and yeah, I'm
going to try and get as many videos out
as possible.
Um you know, I'm doing a lot more short
form because quite frankly, they're way
way easier to make.
But when it comes to long form, I'll try
and get some more out for you guys. Uh
I'm doing my best, but for now, let's
talk about some stocks. Let's break down
again what happened today in the markets
chart wise and overall what I'm looking
at. So, the S&P starting off with spy,
let me pull this up right here guys. Boo
boo boo, spy again had a bit of a red
day, but we're still clearly above these
moving averages on the 4-hour time
frame, above the 50 and the 180 SMA, but
I am noticing a little bit of a lower
high being put in.
If you guys take a look here, if I zoom
in a bit on this time frame, you guys
kind of see it. We have the all-time
high, which is at 779. You guys know the
all-time high on spy. We hit about what?
775
just about a week ago. You can see that
right here. And about what? Today?
Yesterday?
We hit about 773, which put us at a
lower high. Now, we're starting to fall
through. Well, not fall through, but
we're falling towards these moving
averages,
which is a big test. It's going to be a
big test for spy after this long
weekend, which is why I didn't really
take any positions today. I was tempted
to get a little Sandisk, right? If you
guys don't remember, I traded it a
couple days ago.
I made a nice trade on Sandisk, but I
should have held longer because it's
gone up a lot more. Anyway, I was about
to buy some Sandisk. I was looking at
Lam Research. I was looking at Uber, but
I'm like, let me just keep my cash, head
into the long weekend, and regroup come
Tuesday. Either way, spy this 760 to 765
mark is critical. As you guys know, as
I've been saying, and if this thing
takes out
760,
we might be filling a gap all the way
down to 725, 730, but that's a big if.
We're not going to jump all the way to
that. We're nowhere near actually
breaking through, but hypothetically,
you know? But as of now, 770 is where
we're at, 768, and the bulls are still
in charge, even though we're seeing
these lower highs being made. Now, if we
come over here to the Qs, ba ba ba, bear
with me, guys.
We can see the Qs are also noticing some
lower high action,
similar to spy, similar pattern that
that we just mentioned on spy, but we're
noticing on the Qs here. Did you guys
see this? Let me know in the comments if
you saw this. Smash the like button if
you saw this, guys. Inverse head and
shoulders on the Qs. Look at this thing,
man. Left shoulder right here. We have
the head right here, boom, and then we
have the right shoulder right in here.
So, this looks, although it's not
breaking out yet, this looks bullish,
and it could be showing us
it kind of is showing us, if this plays
out, what there is to come here, which
is more upside. Um if this inverse head
and shoulders plays out, and look, we
had a decent green day, quarter percent,
barely quarter percent, but still a
green day. If we're able to take out
722, which I mentioned in my Discord
earlier this morning, watch 722. If we
broke that, we have a wide open gap to
730 735, but we got rejected. We got
rejected. You guys see if I pull up the
intraday. Look, we we literally hit it
in the premarket, sold off to 716,
retested at at open, got hit again. So,
the Qs, guys, whether it's Tuesday,
Wednesday, whatever,
Thursday, I don't know. That needs to
break. That needs to test and break. So,
we need to see if the Qs actually push
through
and start to make a move towards that
735 gap. I think it's possible. So,
that's how we did overall in the market
today. Nothing too crazy. And again,
listen, guys, I've been on vacation. So,
I'm not here, you know, trading like a
madman every day. Yeah, I caught Sandisk
a couple days ago. I talked about it in
my last video. You saw it in the Patreon
on Discord, right? We caught Sandisk,
but other than my regular buys that I do
for the super long-term,
trading-wise, I haven't been doing much.
Um yeah, maybe rolling some covered
calls, selling some calls here, doing
this, doing that, little stuff. Uh but,
nothing substantial. And like I said, I
was looking at Uber earlier today and
listen, Uber is owned by all these
politicians, right? President Trump, for
Pete's sake, owns Uber. We're hearing
all these big-time, you know, hedge fund
managers buying Uber. Not a sign to buy
it. That's not a sign to just simply buy
it blindly, but it can kind of, you
know, foreshadow what's to come or it
can hint towards what's to come. Maybe
some big regulations or, you know, our
laws are going to be passed, you know,
we're getting closer to self-driving or,
you know, robo-taxi, you know, all this
stuff could be a lot you know, coming a
lot sooner than expected. These guys
have the inside.
Um you know, they they have an ear on
the inside what's going on. All these
the Trumps, the the Pelosis, the I
actually I don't know if Does she own
it? I'm pretty sure she does, actually.
I'm forgetting now, guys. I got to
sharpen up. Again, I'm on vacation, but
all these guys all these guys own Uber
and they're buying it as of their last
13F. So, for me it's like I got to I got
to get some. I got to get some Uber. I
didn't pull the trigger yet. Uh but,
it's it's down a decent chunk from where
it was when I think we actually got a
bunch of um
you know, news from these
insiders bought not insiders, but these
politicians, these hedge fund guys
buying. That pushed the stock. Now,
we're down to 75. The chart looks good.
We're down $7. We've opened up a gap
here um of around 8%. I think it's time
to start nibbling a little bit and I'm
not convinced to hold it long-term,
right? I'm not I'm probably not going to
own it long-term, but for a trade, it's
a no-brainer almost, right? [laughter] I
feel like this stock over the next
couple weeks, months could easily go
back to the low 80s, you know what I
mean? Mid-80s. So, Uber is one that I am
close to buying. Heck, I might even I'm
convincing myself on camera now. I might
even just buy it right now in the in the
after market, you know? Buy a couple
shares, whatever.
But, Uber is looking interesting.
SanDisk, which like I said, I traded
couple days ago, made a quick 6%. I
mean, guys, this might be the luckiest
trade I've ever made.
>> [laughter]
>> I mean, what I thought would take a week
took about 2 minutes on SanDisk. You
guys remember I bought it at where was
it? 1480? I mean, it was this day I
think. Yeah, it was this day. I bought
it at 1480.
Lost a little money on paper at first
and then this thing absolutely ripped
all the way to 1570 and I sold in about
15 minutes, you know? And if I held it
now, I mean, I
Initially, I was eyeing it for a swing
trade, you know? And I saw the cup and
handle, things looked good. The writing
was on the wall, but I set a target,
right? 1500 I think 1550 was my target
and we exceeded that. So, I'm like, we
exceeded my target in in 15 minutes. Let
me just sell. That's the smart thing to
do, even though now in hindsight I'm
like, oh, I should have just held it.
But, I think there's still potential,
you know? We have that cup and handle,
you know? If this thing takes out 1750,
which is where we're at, I mean, this
could make a run at 2K and that's where
I could hop back in at some point next
week. I'm much closer to buying Uber
though than I am SanDisk. And speaking
of SanDisk, Micron today
Micron today had a very good day and
they have earnings coming up on
the 30th, so about 3 4 weeks and by the
way, SanDisk was up 11% today, man.
And Micron 6%, so SanDisk actually had a
better day than Micron, but they both
look the same on the charts. Cup and
handle, we're setting up nicely and I
think Micron, honestly, I'm probably
closer to buying Micron than SanDisk at
this point just because of earnings. I
think they're could be hype around
earnings.
Sentiment has gotten better around
semi-conductors.
You know, a lot of these stocks,
Nvidia's going all-time highs. So, I
think into earnings Micron could rip
past a thousand, thousand twenty-five,
no problem. I mean, it's already doing
it past a thousand. I think if ten
twenty-five, ten fifty breaks, this is
going to blow and we're going to go back
towards twelve hundred. I'm saying it
now and I know a lot of you guys are are
saying it, you probably agree with me.
Let me know in the comments, but that's
where I see things
going at this point. So, Micron's
looking good. SanDisk is looking good
chart-wise.
Lam Research is another one I'm eyeing
up.
Which if I pull this up, Lam Research
where was it today? 307. We had a 5%
green day. It's looking good, but I want
to see it take out this this trend line
right here. Do you guys notice how we're
still making lower highs, still down
trending a bit. We got to We got to cut
that crap out, you know? We got to We
got to take out 315, 320 and I think
momentum could build up.
Do I think it's going back to 440?
Maybe. It can. It might.
But, for me, I'd rather trade it back to
the mid-high 300s, lock in a more
conservative gain, and uh keep it
pushing, right? So, let me see. What
else today, guys? Netflix went down a
decent chunk. Netflix is giving back
some gains, which you guys know Netflix
has been crushing it. The stock's been
rebounding, but now it's pulling back.
We're towards the 180 SMA on this 4-hour
chart. We are getting hit at the top of
this channel, which I am not loving.
Um as you guys can see on the 3-year
charts, I'm avoiding Netflix for now. Um
Tesla
Excuse me, guys.
Tesla had a 6% red day. This gave back a
lot of loss or gains, excuse me, from
yesterday. Um the stock hit what? 380
yesterday. I mean, this thing was going
berserk. 384. Oh my goodness, man. Um
now it's at 353. So, I'm a long Tesla.
It's down 8% from the highs yesterday.
So, a bit volatile here. Um we are
getting hit at about 380, which I'm not
loving, considering that was support for
a little bit, 2 months here. Um so, you
know, if we did take that out, I would
say, "Oh, 400's in the bag. It's
coming." Uh but now we got hit, so we're
back in the uh mid 300's. So, let's see
if the bulls come alive here. Um What's
another one? Oh, Robinhood. We got to
talk about Robinhood, guys. This stock
yesterday went absolutely freaking nuts.
16% and we gave back some gains today,
rightfully so. Um and this is a stock
that I'm long. You guys know I I bought
it at 70 to 75 bucks back in this pocket
right here. Thank god I did. And thank
god I rolled my covered calls. Or did I
roll them? Um no, they expired worthless
and then I sold new calls
at a much higher strike. Uh thank god I
did that, you know, because I think the
previous strike was like 110 or 106. I
forgot exactly what it was. So, I would
have got those called away, obviously.
And uh
now my I'm I sold the 125. So, I'm cool
with locking in some gains on Robinhood
at 125. I mean, I'm up 70% on the
position.
Um so, I'm cool with giving up some
shares at 125. At 106 though, I wouldn't
have loved it. I'll be honest. Seeing it
breaking out like this.
Um, and listen, I think they expire on I
think the 18th of this month. Or no, I
think they actually might be October
2nd. Um, I'm thinking of another
position. Yeah, October 2nd. So, who
knows? By then it might pull back. It
might be a lot higher. Who knows? I
might retain the shares, but I'm cool
with giving up some shares at 125. So,
yeah. I mean, that's kind of what I've
been doing. Nothing crazy. Again, guys,
I'm on vacation. We're It's a lack of
videos here. This is actually fun making
this video. I've missed Trust me, I've
missed making videos. I love what I do.
I love doing this stuff. Uh, but I'm
still behind the scenes, you know, if
you're in Patreon, in the Discord, I'm
still active there. Um, I'm obviously
still tracking the market, you know, I'm
still doing short-form content as much
as I can. Uh, but the long-form stuff
has slowed down a little bit, but that's
not forever, obviously. You know, I've
been making videos for like 10 years
now, guys. And to be honest, I was a
little burnt out when I um
on the long-form stuff, when I came to
Greece here about 10 days ago. And this
has been a much-needed break. And
[snorts] I'm going to come back better
than ever. I'm that kind of person where
I love working and I love what I do. And
I like to get a little reset every 12
months or how whenever, you know,
whenever we take a decent vacation. Um,
I like to get that reset, and then I
come back hitting the ground running
even harder than before.
Um, and I can already feel that, you
know, I'm here for a little bit more,
and I can already feel like, "Oh, I'm so
excited uh for the fall, for the winter
to start grinding again, you know, doing
doing my thing." Um, I love football
season, too. Fall, you know, my my son's
birthday's coming up, his first
birthday. So, it's going to be a
phenomenal next couple of months, and
I'm ready for it, man. So, with that
being said, I'm rambling. I missed you
guys. I miss making these videos, man. I
can't wait
to to get back to it. But, with that
being said, for this video, I'm wrapping
it up. Let me know your thoughts in the
comments. Hit the like button. Make sure
to subscribe for more content, and join
the Patreon. Join the other community,
man. If you want to be a part of the
private Discord, right? See all my
portfolio updates, my trades, my
options, everything I'm doing in that
portfolio, it's on Patreon. Link down
below, in the comments, in the bio. You
guys know where to find it. And yeah,
with that being said, I'll see you guys
in there or in the next video. Have a
great rest of your day or night. Let me
know in the comments where you're
watching from. I'll see you guys later.