SMASH OR PASS: Stock Market Edition
Check out the Youtube for the Full Video: https://www.youtube.com/watch?v=5akO5naqOfw
$PLTR - SMASH: We're coming in hot with PLTR! It's a huge win for us, with over 400% on options and 150% on equities. Keep an eye on that $15 support - if we hold it, we're looking at a climb back to $18.
$NUE - Smash above $163, don't go below! NUE, you've got potential! $133 was where the bulls took charge. Hold onto that $163 - if it stays steady, we're talking a $10-$12 move.
$XOM - Conditional Smash but your personality is just okay: XOM, we're cautiously optimistic. We're searching for monthly support and looking for a push past $116 for a potential breakout opportunity.
$COIN - You and Cathie both get a pass... COIN, you've treated us well with a 1000% gain. But if we don't hold above $71, it's not looking great.
$AFRM - Super hot, worth the toxicity SMASH: AFRM, you've got potential despite the drama. Holding above $14.60 is key. Below that, we're looking at $13.50, and that might be the end of the downside.
$X - Sofia Vergara hot. I'm just not in a very good place emotionally right now... Austin's not feeling emotionally ready to trade this catalyst-based stock. It's a pass for now.
$CVNA- Couldn't tell at first, but I love you. SMASH over $37: CVNA, you're getting a second look. Watch out for $57.73 resistance, and if we break it, we could see a nice Cup and Handle play.
$SHOP - I'm Delusional and even though it's toxic, I love you. Smash! SHOP, you're a rollercoaster, but Austin's still a fan. Keep an eye on that "poor man's" support. We're riding a strong monthly chart.
$AMC- They don't care about you at all... AMC, it's time for some tough love. Austin's being real - no movement can achieve anything if it's not rooted in reality.
$AMZN - SMASHTACULAR Voyage: AMZN, it's a smashtacular voyage! We're aiming for that clean break over $144 for a trip to the $170s.
$ZIM - Hard Pass, nathanks: ZIM, not even a second thought. Hard pass.
$VALE -Semi Pass, Light Smash? VALE, let's hold onto that 200 EMA on the weekly, around $12.3. Slip below, and things could get messy.
And there you have it, investors! Austin's "SMASH or Pass" stream is a no-holds-barred tour through the world of stocks. From unconditional smashes to honest passes, these insights are your guide through the market maze. Remember, honesty and awareness are your allies on this investment journey. Let's make smart moves and navigate the market with confidence!
Now, let's zoom out and take a look at Austin's analysis of the broader market. Here's what he's got to say about some key players and trends.
$SPY - Keep Your Eyes Peeled: SPY held up well today, riding the 8 EMA on the weekly chart. But hold your horses if you're thinking intraday options trades - Austin's recommending a minimum of 3-week expiration. For the weeklies, crossing that $451 line is the signal we're waiting for. Once that happens, we've got our sights set on $456. But if the bears take control, don't forget the pivotal $430 mark we've had mapped out since last year.
Bullish SPY Scenario: Stays above $446 Target: $451
Bearish SPY Scenario: Gets cold feet around $450 Target 1: $445 Target 2: $437
Market Rotation: Follow the Money: Money's dancing into healthcare and oil, while value's doing a tango with energy. Austin's been gathering the crew at Pennybois to work on their monthly thesis, pinpointing where the money's flowing and the heavy hitters to watch.
NVDA - Blue-Sky Breakout: NVDA's on our radar after bouncing off $405. Earnings are painting a pretty picture for the future. Keep an eye on resistance at $450 and $470. NVDA's a leader in a booming industry. Expect a move up to $450 with some consolidation along the way.
AAPL - An Apple a Day: $177 is the safety net for AAPL. When the buyers flex their muscles and the buy-side volume kicks in, we're eyeing a test of $180 to $185. Pray we don't see Apple taking a nosedive down to $170.
DIS - Disney Drama: Disney rode a post-earnings wave and found a comfy support spot. We're waiting for the go signal to break into that trend channel between $88 and $110. Once we break $92, watch out for a joy ride up to $110. Buyers, keep showing up!
OPK - The Watchful Eye: Keep a close watch on OPK. Make sure it holds that trendline support.
HOOD - Robinhood Rising: HOOD's got support on the weekly chart, and the 200 EMA on the daily chart is playing its part too. A reversal's in the cards, and there's some hefty upside potential. Draw that trendline on the weekly and guard it like a hawk. No falling back into the $8 to $10 zone, please.
CVX - Dance with Caution: CVX's daily trendline resistance is the talk of the town. If we can't hold it, time to say goodbye. New highs are the aim. Today's high was solid, but we're thirsting for more. Keep your sights on over $170.
BABA - Unleash the Upside: BABA's playing a game above resistance, with EMA crossover adding flair. Expect a push to $120 or consider closing shop and reaping those profits. BABA's already been a 100% gain feast.
There you have it, folks - Austin's market insights served up fresh. From SPY's secret code to BABA's bullish mojo, we're navigating the market landscape with a seasoned guide. Stay sharp, follow the trends, and remember, knowledge is your best friend in the trading arena!
There you have it, folks - Austin's market insights served up fresh. From SPY's secret code to BABA's bullish mojo, we're navigating the market landscape with a seasoned guide. Stay sharp, follow the trends, and remember, knowledge is your best friend in the trading arena!
