Don’t Miss This Once in a Lifetime Opportunity
Summary
TLDRIn this pre-market prep video, the speaker offers trading insights on SPY, emphasizing the importance of identifying key support and resistance levels. He explains that the $565 level is crucial for determining market direction, with a potential downside target of $561 if support fails. Additionally, three stocks to watch are highlighted: Lockheed Martin (LMT), Exxon Mobil (XOM), and Nvidia (NVDA), with strategies for playing their ranges. The speaker advises traders to keep things simple, stay disciplined, and capitalize on market patterns to maximize profits. Viewers are encouraged to like, subscribe, and engage with the content.
Takeaways
- 📉 Focus on key support and resistance levels when trading SPY. The range is between $565 and $573.
- 📊 At the support level ($565), buy calls, and at resistance ($570-$573), buy puts to maximize gains.
- 📉 If SPY falls below $565, expect it to drop to $561. If it holds above $565, expect potential moves upward to $570 or $573.
- 💡 Keep trading simple: focus on key levels, take profits when necessary, and don’t overcomplicate strategies.
- 🔄 Learn to play the market ranges, as stocks often move within specific levels, allowing for repeatable trades.
- 🚀 Lockheed Martin (LMT) is a strong performer during times of geopolitical tensions. Keep it in your portfolio for such events.
- 💼 Exxon Mobil (XOM) is in a range between $115 and $122. Pay attention to fluctuations to capitalize on potential moves.
- 📉 Nvidia (NVDA) is showing support at $115, but could drop further if this level breaks. Watch for potential buys as it dips.
- 💰 Focus on key stocks like LMT, XOM, and NVDA as potential buying opportunities while market volatility continues.
- 🔑 The main strategy revolves around watching SPY’s $565 support line. If this breaks, it could trigger larger market declines.
Q & A
What is the importance of identifying support and resistance levels in trading?
-Identifying support and resistance levels is crucial in trading because it helps traders determine the price range in which a stock is likely to move. Support is where a stock tends to stop falling and bounce back, while resistance is where it faces pressure and may stop rising. This allows traders to decide when to buy or sell.
What is the significance of the 565 level in the SPY chart discussed in the video?
-The 565 level is a critical support line in the SPY chart. If SPY stays above 565, it signals potential bullish movement, with the next resistance levels being 570 and 573. However, if SPY falls below 565, it suggests further downside potential, with a target of 561.
How should traders react if SPY fails to break the 570 resistance level?
-If SPY fails to break the 570 resistance level, traders should consider selling (taking profit) or buying puts, as this indicates the price is likely to drop back to the support level around 565.
What should a trader do if SPY breaks below the 565 support level?
-If SPY breaks below the 565 support level, traders should anticipate a further drop, targeting 561 as the next potential downside level.
Why does the video emphasize the importance of keeping trading simple?
-The video emphasizes simplicity in trading because overcomplicating strategies can lead to confusion and poor decision-making. By focusing on key support and resistance levels and reacting to price action, traders can make more informed and effective decisions.
What role does global conflict play in the performance of stocks like Lockheed Martin (LMT)?
-Stocks like Lockheed Martin (LMT) tend to perform well during times of global conflict or war because they are defense contractors. The video suggests that LMT is a stock to keep on the radar during such periods.
Why is Exxon Mobil (XOM) considered a good stock to trade based on its range?
-Exxon Mobil (XOM) is considered a good stock to trade because it tends to move within a predictable range (e.g., from 115 to 120). By identifying and playing this range, traders can potentially make consistent profits.
What does the term 'range' mean in the context of stock trading?
-In stock trading, a 'range' refers to the price levels between which a stock moves. Traders use this range to identify buying and selling opportunities, as a stock will often bounce between support and resistance within the range.
What is dollar-cost averaging (DCA), and how does it relate to Nvidia (NVDA)?
-Dollar-cost averaging (DCA) is an investment strategy where an investor buys a fixed dollar amount of a stock at regular intervals, regardless of the price. The video suggests that Nvidia (NVDA) presents a DCA opportunity because of its recent price movements, making it a potential buy for long-term investors.
What is the key takeaway from the video for traders following the SPY chart?
-The key takeaway for traders is to focus on the critical support and resistance levels in the SPY chart. Staying above 565 suggests bullish potential, while falling below it indicates further downside. Traders should react to the market by either taking profits or adjusting their positions based on these levels.
Outlines
📈 Stock Market Pre-Market Prep and Trading Strategy
The speaker begins the video with an energetic introduction, focusing on pre-market preparation and highlighting three stocks to watch. They emphasize the importance of starting the day right by identifying support and resistance levels using the 30-minute time frame. The S&P 500 (SPY) is used as a case study, with the speaker explaining how to trade within a $10 range, from support at $565 to resistance at $573. The video stresses the importance of simplicity in trading, buying calls at support and puts at resistance, and making decisions based on whether the market stays above the support level or not. The speaker also discusses what to do if the support level fails, targeting a drop to $561, and encourages viewers to engage by commenting if the level is lost.
🚀 Trading Insights and Stock Recommendations
In the second paragraph, the speaker provides a detailed lesson on trading, focusing on the 30-minute time frame for the SPY. They discuss the importance of respecting resistance levels and making in-game decisions based on the market's movement. The speaker introduces three stocks to keep an eye on: Lockheed Martin (LMT), which performs well during times of war, XOM (Exxon Mobil), which is highlighted for its potential to rise or fall based on global discord, and NVDA (Nvidia), which is identified as a dollar-cost averaging opportunity. The speaker encourages viewers to learn to play within a range, using these stocks as examples, and to stay disciplined in their trading approach.
📊 Analyzing Stock Movements and Market Behavior
The final paragraph of the script provides a closer look at the stocks mentioned, with a focus on their recent movements and potential future performance. The speaker discusses Exxon's rise from $112 to $122, indicating a potential support level at $115. They also analyze Nvidia's movement, suggesting that $115 might be a support level after seeing the stock bounce back from that price. The speaker advises viewers to keep an eye on these stocks and to be ready to act if the market indicates a change in direction. The main focus remains on the SPY, with the speaker reiterating the importance of the $565 level as a key indicator for the market's direction. The video concludes with a call to action for viewers to like, subscribe, and use the speaker's link for free stocks, promising more educational content in future videos.
Mindmap
Keywords
💡Pre-market prep
💡Support level
💡Resistance level
💡SPY
💡Puts
💡Range
💡Lockheed Martin (LMT)
💡Exxon Mobil (XOM)
💡Dollar Cost Averaging (DCA)
💡Nvidia (NVDA)
Highlights
Pre-market prep focusing on three stocks to watch.
The lesson focuses on analyzing SPY using the 30-minute time frame.
Identifying support and resistance levels is key to planning trades.
SPY support level is at 565, and resistance is at 570 and 573.
If SPY falls below 565, the target is 561.
In case resistance at 570 holds, consider buying puts and expect SPY to drop back to 565.
LMT (Lockheed Martin) is a stock to watch during geopolitical conflicts, as it tends to perform well in wartime.
XOM (Exxon Mobil) is an energy stock to monitor during global discord, with a key trading range between 115 and 120.
XOM is expected to drop back to 115 after reaching 122, providing an opportunity to trade within its range.
NVIDIA (NVDA) is identified as a stock to watch, especially around its support level of 115.
NVDA may fall to 109 or lower if it loses the 115 support level, but it's a good dollar-cost-averaging opportunity.
Traders should focus on making decisions based on real-time movements rather than predicting outcomes.
The importance of 'seeing profit, taking profit' to avoid holding on to trades too long.
The 30-minute time frame is crucial for making intraday decisions on SPY.
This lesson emphasizes simplicity and discipline in trading—identifying clear levels and ranges to trade within.
Transcripts
[Music]
what's up YouTube listen family this
morning we going to do a little
pre-market prep as well as three stocks
to keep your eye on okay so listen even
though it's early I got a jam-pack video
for you please keep it locked please
make sure like And subscribe help this
video get at least 1,000 likes without
further Ado let's go ahead and dive into
it okay guys jumping right into the
lesson this morning we are on the 30
minute time frame this success tip comes
from the 30 minute time frame look at
the Spy ticker symbol
spy closed yesterday at 5
6862 it is currently down so it has gap
down to
5671 that's at the time of this
recording take your eyes to this okay
always want to start your day off right
you got to always identify support
that's number one thing you do and then
you always
identify
resistance that's this black line up
here okay so you need to know the range
in which you're planning you're you have
a $10 range
okay you got a $10 range
from five
65 that's support that's there to the
upper end is
5
73 okay
573 that's the range that you play
Within you got a $10 range and so at the
support level you buy cost at the
resistance level you buy puts keep this
game simple because if not Wall Street
and the trick tra and for straight crew
will get you okay now check this out you
seen yesterday we they came
down they crashed number
one bare flag crashed down but look at
when they got to 565 look at when they
got here look what happened boom it took
off and went there but now look at this
resistance level this is five7 everybody
right down
570 if the Spy can't get past 570 it
can't get to
573 so you got resistance at 570 you got
resistance at
573 okay so you got to get through these
two levels before you can even go back
to the upside but guess what if we lose
support let me clean this
up if we lose support
okay what happens coach if we can't get
above
570 if we lose support if this
fails if we come down here today boom
and come down the target is
561 okay and so you need to know if we
lose
56
5 we are coming down to 5 61 so long as
we above
565 you got hope to at least
570 if you can't get above that so
that's the range you'll be
in if you can get above that then that
will get you back to this level here of
573 this is all you need to look for in
your day worth of work okay sometimes
the move might not let you get above 570
so you have to take that you have to
take what they give you okay
if they pressed it down past 565
everybody what happens if we lose 565
everybody let me know down in the
comments below okay if we lose 565 I
need you to say we're falling to
561 that's just the next Target it can
go lower than that but you need to know
where the first destination is going to
be okay if we can't get above 570 then
we can't even test 573 this is why I say
don't overstay your welcome this is why
I say see profit take profit because
guys you have endgame decisions to make
it don't matter what the levels are if
they're not letting it go a certain way
a certain height you got to just say oh
man this must be resistance they're not
letting the price go higher than this
let me take my profits let me not try to
hold for $200 more dollars when I
clearly see that I'm looking at my play
and it's not moving it's not going
higher than this price that's what coach
is trying to get me to do see profit
take profit oh he told me on the
downside stocks go up and down when it
goes down he said if goes below 565 and
we lose that level if that level fails
then I need to start looking to the down
I need to Pivot my thinking to the
downside and go to 561 okay but listen
to this if 565
holds okay just like yesterday it shot
back up from 565 to
569 okay so if it holds you just stay
the course everything remains as is you
just respect the resistance levels
that's in front of you 570 573 if we can
get through 570 let me know if that
makes sense guys okay again this is a
game that if you over complicate
it wash you to eat you up okay but if
you learn and keep it simple you will
see there's a bunch of base hits that
eventually lead to home runs but you got
to stay disciplined okay so that's my
morning that's my morning pre-market
lesson for you guys is on the 30 minute
time frame if you're going to make money
today in spy you do it on the 30 minute
time frame by watching if the levels
hold or break that's all you got all
your job is are we staying above 565 yes
or no that's all you got to ask yourself
now you got to make decisions like are
we trading sideways on fire 65 are we
bouncing and going higher is there any
little scalp I can make a $2 move from
565 to 567 you have to make those ingame
decisions but you keep the game simple
based on what you see okay and then if
we get to 570 and you see it can't go
higher than that and you see that
resistance is truly holding boom you buy
puts at resistance and you take it back
down to 565 the game is simple and if
565 fails
is going a lot lower check this out guys
we got three stocks I want on your radar
okay when you have countes throwing
missiles at each other you need ticker
Simo LMT this is lock Martin okay Locke
Martin you will
notice these type of stocks perform well
when the country is at War you will
notice these type of stocks perform well
when the country is at War so just in
the general en put this in your
portfolio at some point in time like
when this blow over but remember this
video remember this lesson okay when
this blow over in preparation for the
next war in preparation for the next
battle in preparation for the next
Discord between countries this will be
one of those stocks that does well okay
Loy Martin ticker L Mt you guys need to
look forward when it's not in Focus okay
so that when it is in Focus like now you
get this 6% uh $6 move or this 1% move
or look at this up five nearly 6% type
of stuff okay these things can do
wonders for your wealth and your growth
of your portfolio Okay now check this
out another one look at this one woke up
from the dead this was just sitting at
115 xim mobile okay energy is something
to pay attention to sometimes they're
either going to go up or they're going
to go down when we have this dysfunction
happening and this dis Discord happening
across the globe okay this is one that
needs to be on your radar as well we
like this at 90 we like to take it to
120 it has mounted our 120 level sitting
at 122 okay when it come back down it's
going to come back down to 115 if you
want to learn to play ranges guys you
can make your 100K by just playing a
range coach told me this go to 120 20
124 it comes down to 115 to 90 if you
just learn just to pick one stock play
the range you'll make up all your losses
once you master the behavior the
patterns and the fluctuation and you can
just keep the game simple you the the
market likes to live within the range
guys throughout years so for this year
for example 90 to 120 when it get a
little bit of momentum it go a little
higher than 120 in 20 21 the level was
137 on this D I ain't seen it get to 137
yet okay so you need to know the stocks
that you know like and love will be in a
Range focus on one identify the range
it's going to do the same thing once
this get done going up it's going to
come right back to 119 117 115 okay I'm
just teaching you that and telling you
that because your 100K is wrapped up in
the knowledge your 100K is wrapped up in
the information wiping away all your
losses is wrapped up in the information
okay so that's
Exon it is up 4% on the week look at
this just I told you it was just sitting
I said 115 it was just sitting at
112 just sitting here but then boom it
crept up on you and this is where I seen
it right here 115 it just seemed like it
was stuck right there for forever it
felt like and then all of a sudden boom
rocket ship to 122 all right so pay
attention to these things guys these are
life-changing moves everything don't
have to always be in the shiny objects
okay you can get money in like Martin
you can get money in exom you can get
money in apple you can get money in this
next one right here too Nvidia ticker
symbol mvda I told you guys to keep your
eye on this one matter of fact this is a
DCA opportunity dollar cost average
opportunity this is sitting at 115 I
told you when this was sitting at 130
this was about come to 117 last
week we're $2 below 117 it hit 117
yesterday it hit 115 yesterday and
blasted to
120 okay look at what it's doing now
it's showing you a sign these little
things are letting you know 115 is
support look at how it's moving it's
testing 11646
11695 look at this stuff guys when
you're doing your DD they're trying to
give you signs throughout the morning of
what they're trying to do where they
want to go keep your eye on this though
because if we lose 11 15 it can be more
pressure to the downside okay I got
targets of 109 107 92 okay in this play
all right so listen Guys these are just
three trade ideas to keep on your
radar in terms of plays to watch plays
to be buying so that you know what you
need to be in cuz guess what these are
just buying opportunities until they
tell us otherwise okay these are just
buying opportunities until they tell us
otherwise but guys the main focus is spy
all
right
565 as I've been telling you from the
jump is the Line in the Sand if we lose
that it's going to come down all right
and they got the potential to bring
other plays down and the market down as
well so focus on that but above it you
stay bullish cuz it just means after we
weather this storm that we got globally
happening we going to go back up but you
have to see that coach ain't saying it's
going to do nothing I react okay I'm
just seeing what they do and I'm
trusting the levels I just laid out for
you listen guys if that was helpful
understand we make videos like this
every day so if you like this one make
sure you check out the next one remember
most people see the end result very Qui
consider the journey do me a favor don't
forget to like subscribe to the channel
make sure you guys grab some free stocks
using my link below and I'll catch you
guys in the next one peace
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