Its Happening Again

Summary

In this video, key stock setups and market movements are analyzed, focusing on Boeing, Celsius, Taiwan Semiconductor, and Robinhood. Market watchers are advised to track crucial price levels for potential upside and downside opportunities. A significant 'Big Money' trade in Marathon Petroleum highlights the influence of oil prices, especially amidst ongoing geopolitical tensions. The video also covers inflation data's potential impact on market volatility, and features a shoutout to a community member for their progress. Overall, the content offers timely insights into market trends, trading strategies, and key stocks to watch for the coming days.

Takeaways

• 😀 **MPC (Marathon Petroleum)**: A large options trade for 155 strike calls expiring in February 2025 indicates a bullish outlook, with the stock expected to benefit from rising oil prices amid geopolitical tensions.
• 😀 **Celsius (CELH)**: This stock is showing bullish momentum and is oversold in the long term, with key resistance around $31-$31.50. A breakout above this level could signal further upside potential.
• 😀 **TSM (Taiwan Semiconductor Manufacturing)**: A breakdown below $190 could lead to a downside move, with TSM strongly correlated to the broader market (SPY).
• 😀 **Boeing (BA)**: Watch for a breakout above $167. The recent news of restarting 737 Max production is a positive catalyst for the stock's momentum.
• 😀 **I NQ (Inq)**: After a strong rally, I NQ is showing signs of being overextended. A break below $3250 could signal further downside potential.
• 😀 **Robinhood (HOOD)**: A potential move either way—below $37 signals downside, while above $39 suggests an upward move. Both levels are critical for volatility.
• 😀 **Inflation Data**: Inflation data is due one hour before the market opens tomorrow. This data is expected to significantly impact market movements, making it a key event to watch.
• 😀 **Market Strategy**: The video stresses the importance of adjusting to the market's flow, especially with volatile stocks. Traders are advised not to get stuck holding positions if the trend changes.
• 😀 **MPC and Oil Prices**: The trade in MPC is linked to oil prices, which have been stable despite geopolitical concerns. Oil's resistance to falling below support levels is seen as a positive sign for the stock.
• 😀 **Big Money Trades**: A large trade in MPC highlights the involvement of institutional investors in oil-related stocks. These investors are betting on a significant move in the stock over the next several months.
• 😀 **Member Shoutout**: The video highlights a member of the day, Bird Dogger, who expressed gratitude for the support and education provided by the trading community, reflecting the channel’s focus on building a supportive learning environment.

Q & A

What key levels are the speaker watching for SPY (S&P 500) in the short term?

The speaker is watching for a potential breakdown if SPY falls below $398, as this could lead to a downside move.

What is the significance of the $300 and $298 levels for the stock mentioned in the video?

These levels are important support and resistance points where the market showed significant buyer interest. If these levels break, the speaker expects downside opportunities.

Why is Celsius (CELH) on the radar for potential bullish movement?

Celsius is building bullish momentum, and despite some short-term rejections, the stock is still relatively oversold. A breakout above the $31.00-$31.50 resistance zone would strengthen the bullish case.

What is the correlation between Taiwan Semiconductor Manufacturing (TSM) and SPY?

TSM has a strong positive correlation with SPY, with a correlation coefficient of 0.97, meaning it tends to move in sync with the broader market.

What specific price level is the speaker watching for a potential breakdown in TSM?

The speaker is watching for a potential downside move in TSM if it breaks below the $190 level.

What news is impacting Boeing (BA) and what level should be watched for an upward move?

Boeing's stock is being impacted by the restart of 737 Max production. The speaker is watching for a break above $167 to signal an upward move.

What is the key support level for InMode (INMD) that could signal a downside move?

For InMode, the speaker is watching the $3250 level as key support. A break below this level could lead to a downside move.

How is Robinhood (HOOD) being tracked for potential price movement in both directions?

Robinhood's stock is being tracked for potential upside if it breaks above $39 and for downside if it falls below $37.

What is the significance of the big money trade in Marathon Petroleum (MPC)?

A large trade involved buying February 2025 call options for MPC with a strike price of $155. The trade reflects optimism that geopolitical factors, such as tensions in the Middle East, could push oil prices higher, benefiting MPC.

How does the speaker view the oil market, especially in relation to MPC?

The speaker notes that oil prices have been relatively stable despite geopolitical tensions. MPC is at support levels, and the large money trade suggests confidence in a potential upside move, driven by oil price changes.

What is the member of the day's accomplishment, and what was their sentiment about their trading journey?

The member of the day, Bird Dogger, shared their successful journey after one year in the trading community, going from zero knowledge to making progress in their trading. They expressed gratitude for the community and a renewed commitment to their trading education.

Why is the inflation data scheduled to be released a key event for the market?

The inflation data, released one hour before market open, is important because it could shake up market sentiment and drive significant price movements across stocks, including those mentioned in the video.