Video summary
The stock market experienced another eventful week characterized by significant gains across major indices, with the Nasdaq rising over 3%, the S&P 500 up 4%, and the Dow Jones leading the charge with a 1% increase. This positive momentum was heavily influenced by the cryptocurrency sector, particularly Bitcoin, which surged to nearly $80,000 following a meeting between Trump and crypto leaders that provided much-needed clarity for the market. While Bitcoin is currently testing its May highs around $82,000 without yet confirming a full breakout, the rally has strongly benefited related equities, most notably Robinhood, which saw its stock price jump 14% in a single day as it capitalized on the renewed interest in digital assets while maintaining diversification through other revenue streams.
Beyond the crypto-linked stocks, the presenter highlights Tesla (TSLA) as another key beneficiary of recent regulatory approvals, specifically securing clearance in Nevada to deploy up to 5,000 driverless passenger vehicles in its first year. This development reinforces the narrative that Tesla is evolving beyond a traditional car manufacturer into a robotics and autonomous driving company, a shift that is expected to drive long-term valuation growth. The stock recently broke through key resistance levels following this news, bouncing off important moving averages on longer-term charts, though the analyst notes that while the setup looks promising for continuation, they are currently holding their position rather than adding more aggressively at these elevated levels.
The analysis also covers Dave Inc., which posted a 6% gain after an aggressive post-earnings sell-off revealed solid fundamentals and guidance, suggesting the stock may be undervalued relative to its earnings quality. Additionally, the firm (ticker AFRM) is identified as a potential swing trade opportunity that could break through $80 resistance ahead of upcoming earnings on Thursday, potentially reopening the path toward previous highs in the mid-to-high 80s. Finally, Visa (V) is presented as a strong buy candidate supported by significant institutional buying and a chart pattern showing higher lows throughout the year; if the stock can clear its resistance zone between $370 and $375, there is substantial potential for it to rally toward the $400 mark in the near term.
Read the full video transcript
Another week's in the books for the
stock market, guys. And let me tell you,
it was another eventful week. So, we
have to break down the charts, stocks
I'm looking at, where my head's at in
the market right now, and what I'm
looking to do in the market. So, guys,
hit the like button, make sure to
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And now, cheers guys. Take a sip of your
coffee. You guys know we're drinking
that PM coffee on this beautiful Friday.
Happy Friday, guys. And with that being
said, let's dive into it. So, very good
day for stocks today. I'm sure a lot of
you guys saw the Q's went up over.3%.
S&P up4 Dow up 1% guys as the Q's went
up around.3.4.
So the Dow led the uh led the uh gains
today guys as Bitcoin went ballistic
which we talked about Bitcoin yesterday.
The clarity act Trump meeting with all
these crypto leaders. This is very good
for the overall uh you know crypto
market considering it's been desperate
for a catalyst for months. All year
crypto's been begging for something
positive and we got it. And oh boy is
Bitcoin is crypto running with that
catalyst. Guys, Bitcoin hit I think
earlier 80K. Did we touch 80? Yeah, we
got pretty dang close. 796 and we're up
from what 65K. Bitcoin hit uh 65K just
actually no 63 62K just literally 4 days
ago guys. So if you bought Bitcoin four
days ago you would be up 25%.
Unfreaking believable right? And it's
actually not breaking out even with this
up move here. Bitcoin is not breaking
out. It's just now starting to test the
highs from the end of early I guess the
early days of May, early mid May. We hit
about 80 82K. That is the spot to break.
And if it does break that, kudos to the
bulls. Kudos to Bitcoin. We're probably
going higher. Uh but we're not there
quite yet. A as as you know, as of now
based on what I'm seeing on these
charts. Let me know in the comments. And
obviously with Bitcoin ripping, we had a
nice 2% green day. Um yesterday we had a
massive day with that. Of course, a lot
of these stocks tied to Bitcoin are
doing quite well. Robin Hood, Coinbase,
we'll cover some of these in this video,
but first let me show you the charts on
the Q's on SPY very quickly. Uh so the
Q's, guys, we're noticing maybe an
inverse head and shoulders in the
making. Do you see it right here? We
have the left shoulder. We have the head
right here. You guys see that? And the
right shoulder is kind of right here.
We're noticing consolidation at the 180
moving average right at about 710, 712,
which held that support back in uh the
end of June, early July. If I draw this
trend line out, you guys can probably
see it. So, I'm noticing inverse head
and shoulders. We're chopping around
here in the low 700s. That's a good
sign. It doesn't seem like we want to
give that level up quite yet. And this
looks like it could turn a bit higher uh
based on the setup. And of course, it's
not guaranteed. Nothing's guaranteed,
but that's what I'm noticing on the
cues. And on the S&P, this is very
clean, very simple, very nice pullback
on the S&P. Looking at SPY, we hit 780.
We got a bit overbought, let's be
honest. And this thing pulled back to
about 760 765 which is well above the
highs from the last couple of months
above the 180 moving average. That is a
good sign we pulled back. We're holding
that old resistance as support. That's
exactly what we want to see here, guys.
So with that being said, let's dive into
some stocks here, guys. And oh man, did
you guys see Robin Hood today? Oh my
goodness. Robin Hood went up 14% on the
day. What did I say yesterday? What did
I say the last couple of days? What have
I been saying? Bitcoin is going to be a
tailwind for the stock. And here we are.
Bitcoin starting to go up. Not even a
crazy amount. And Robin Hood is going
berserk on that fact. Uh we can see
Robin Hood just two days ago was at $90.
Just yesterday it was at 93. Did I not
say in my video yesterday this draw down
was looking like an opportunity? Man,
what a call out. Not to toot my own
horn, this thing is up now 20% almost
from that point. And we're completely
breaking through 108. And the beautiful
thing about Robin Hood is it's obviously
not as reliant on crypto as a Coinbase
or some other companies, right? Not
nearly as reliant. And it doesn't crush
the company when crypto isn't doing
well. And when crypto is doing well,
it's a major tailwind for the company.
That's the beautiful thing uh with Robin
Hood. They have all these other
products, all these other things, you
know, they're they're they have their
hands in that are doing $100 million ARR
per year. They're continuing to grow all
these different products that they're
not solely, you know, heavily rellyant
on Bitcoin crypto as much as they were a
couple years ago. Um so I like that. And
now clearly we're seeing it's completely
starting to break out. And I think
honestly this could have more juice. I
think this is the start of the overall
breakout. I was saying the chart was
looking good when the stock was at 85 90
bucks. This is why I was saying that.
And look, do I think it's going to go
straight back to 120 with no pullbacks?
Probably not. We're probably going to
cool off a bit. Uh maybe back towards
the low hundreds, maybe high 90s again.
Uh, but this breakout is legit and I
think this could have even more upside
in the short term. Now, let me share
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let's talk about the next stock, which
is Tesla, ticker TSLA. I'm sure you guys
saw the news today which sent Tesla
stock up over 5%. Guess what? Tesla
secured regulatory clearance in Nevada
to deploy up to 5,000 driverless
passenger vehicles in its first year.
So, we all know at this point Tesla is
not about the cars. Tesla is not a car
company, although they do sell cars. Um,
you know, now it's all about robo taxi,
FSD, robots. what's going to happen over
the coming years. That is what is going
to push the stock the valuation higher.
And the more we get, you know, the
closer we get to that point, the more
approvals we get from different cities,
the better it's going to be for Tesla,
the more excitement it's going to bring
back into the stock and it's going to pu
push the stock higher. It's what we're
seeing. We're actually starting to break
out of a key level here on the charts
with this 5% green day. We took out this
support from back in which became
resistance. It was support in early
April about 360ish,
right? Or no, actually no, 340 rather
345. We broke right through that. We
broke right through these moving
averages as well on the 4 hour. This
looks good to me, guys. We're bouncing
off a key moving average on this
three-year chart. On the one-year chart,
we're looking not the best, you could
argue, but this is the breakout spot. On
the one-year chart, I like the setup
here. I'm not necessarily adding a
bunch. Um, I did buy some in the low
300s. Now, I'm just chilling. Um, riding
it out, but this is it's making the
right moves on some good catalysts here.
Now, let's see if we can build on it. I
called this one out a couple of days
ago. Do you guys remember Dave, ticker
Davve? Well, this had a nice 6% green
day. And honestly, guys, do your own
research, but I think it's still early.
I think there's more upside. We're
noticing the uptrends holding on Dave.
We can see a nice healthy pullback into
earnings and post earnings, which the
stock did see an aggressive sell-off
post earnings. Not terrible. Uh, but the
earnings were solid. Guidance was solid.
Uh but the stock sold off and honestly
it just it just got too hot, too
overbought and now it's it's starting to
see buyers buyers are coming in uptrends
holding. I like day for continuation
play and we're not going to get too deep
into the numbers here. Uh but you know
it's it's one that I'm I'm considering
for a swing trade. And this sun's
starting to hit my eyes, guys. When I
make videos at about 6:30 700 p.m. The
sun's setting, it always comes right
through the window. nails me right in
the face. It is what it is, right? Can't
complain. So, that's Dave. Another one's
a firm, which you guys probably
remember. I traded this a couple months
ago with call options. Made some decent
money on a firm. I feel like it's
consolidating now for the next move up.
And I feel like if a firm takes out on
earnings, which they're coming up on the
27th, so next what? Thursday. If a
firm's able to take out 80 bucks a share
on earnings, very big resistance, this
thing could break through back to the
mid high 80s, which is where we traded
it to last go around. I think I was
buying the calls back then. I forget
what calls I bought. Either way, I was
buying them in the 705 range and I sold
them when a firm was breaking through
here, like I said. And I think that's I
think that's setting up again. But we're
going to wait. I'm going to wait till
earnings. You guys got to do your own
research. Uh but my alert set at $80 on
a firm. Nice chart setup. Let's see if
earnings can push it higher. I think
there's a chance that that happens. And
last but not least, ladies and
gentlemen, Visa, ticker V, which is
looking great. We have a lot of these uh
super investors buying. Not saying that
that's a reason to buy, but a lot of big
money is pushing into Visa and
rightfully so. Um and the chart looks
like it's trying to break out even
further here. Uh we can see 370 375 has
been resistance for a good month. Uh
ever since really the end of July. So
about 3ish four weeks. And look, we're
making higher lows. We have been all
year. Now it's testing that resistance
at 370 375. We had a 1.5% green day. And
if it takes it out today, guys, this
could probably go to 400. Honestly, I'm
not saying it will for sure, but this
probably is going to shoot towards 400.
We'll we'll say it like that. Um, so
what do you guys think? Let me know your
thoughts in the comments. Hit the like
button. Make sure to subscribe again.
Snag up your free stocks formu in the
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And with that being said, cheers. I'll
see you all in the next