Blow Off Top 🔥 #tsla #btc #nke

Summary

In this video, the speaker discusses the Federal Reserve's recent pivot from focusing on inflation to addressing unemployment, potentially leading to a recession. He outlines key job reports due this week, including JOLTS, ADP employment, jobless claims, and non-farm payrolls. Despite concerns, the speaker remains cautiously optimistic, suggesting the market may experience a bullish trend, particularly in big tech stocks like Amazon, Tesla, and Nvidia. He emphasizes the possibility of market manipulation during an election year and shares insights on cryptocurrencies, including Bitcoin and Ethereum, expecting further growth.

Takeaways

• 💼 The Federal Reserve (FED) pivoted from focusing on inflation to addressing unemployment, which may lead to a major recession.
• 📉 The FED has moved from tightening the economy to easing policies, aiming to stimulate hiring and growth.
• 📊 Four key jobs reports are expected this week, including JOLTS, ADP employment report, jobless claims, and non-farm payrolls, which will influence market reactions.
• 📈 A bullish market trend may occur if the jobs data aligns with market expectations, despite concerns about potential manipulation due to election year influences.
• 🤔 The speaker remains cautiously optimistic about a potential market rally but is skeptical of the reliability of government employment data, especially in an election year.
• 💡 There is a belief that powerful market forces could manipulate job data to influence market behavior leading up to the election.
• 🚀 The speaker is optimistic about crypto, particularly Bitcoin and Ethereum, expecting a significant upward move after a period of consolidation.
• 👟 Nike's earnings report is anticipated, but the speaker is not optimistic about its long-term recovery, despite potential short-term gains.
• 📈 The speaker is bullish on Amazon and Nvidia, believing they could rise significantly if favorable jobs data is released, with potential targets above $200 for Amazon.
• 🚗 Tesla is highlighted as a key stock, with potential to reach new highs if it breaks out of a significant technical pattern, possibly reaching $380 or even all-time highs.

Q & A

What does the 'Fed pivot' refer to in this context?

The 'Fed pivot' refers to the Federal Reserve shifting its focus from combating inflation to addressing unemployment and the potential of a major recession. It indicates a move from tightening the economy to stimulating growth by encouraging hiring and economic activity.

Why is there concern about the timing of the Fed's pivot?

The concern about the timing of the Fed's pivot arises because some believe it may have come too late. Critics argue the Fed should have made this shift earlier, possibly in July, and that waiting until September may have worsened the economic situation.

What are the key economic data reports coming this week, and why are they important?

This week, key reports include the JOLTS report (job openings), ADP employment report, jobless claims, and the non-farm payrolls. These reports are crucial because they provide insights into job creation, unemployment, and wages, which will influence market expectations and the Fed’s actions.

What is the speaker's perspective on how the employment data could affect the market?

The speaker believes that despite technical concerns, the market may continue in a bullish trend. He speculates that in an election year, powerful figures could influence unemployment data to push the market higher, potentially setting up for a blowoff top later in the year.

Why does the speaker express cynicism regarding the reliability of employment data?

The speaker is cynical because he believes the unemployment numbers can be manipulated for political or market purposes, especially during an election year. He suggests that the numbers could be 'fluffed' to maintain a bullish market and avoid a crash before the election.

What is the speaker's investment strategy in light of this week's data reports?

The speaker plans to go in light, waiting for the market to reveal its direction before making significant moves. He prefers to wait for confirmation from the market rather than trying to predict its immediate behavior, reflecting a cautious approach to his investments.

What does the speaker say about the crypto market, specifically Bitcoin and Ethereum?

The speaker is bullish on both Bitcoin and Ethereum. He believes Bitcoin is poised for a major move after consolidating, and he is particularly interested in Ethereum, considering it undervalued and ready for a significant breakout. He has taken an initial position in Ethereum, which he plans to grow.

Why is the speaker hesitant about investing in Nike before its earnings report?

The speaker is hesitant to invest in Nike because he feels the company is still recovering from a long-term decline. While it has come off its lows, the fundamentals suggest a longer recovery period, making it less attractive as an earnings play. He is watching for potential short opportunities depending on the earnings outcome.

Which stocks is the speaker particularly interested in, and why?

The speaker is particularly interested in Amazon, Tesla, and Nvidia. He believes these stocks are setting up for potential bullish moves. Specifically, he likes Amazon's chart, believes Tesla could reach all-time highs, and sees Nvidia as a strong performer in the tech sector.

What does the speaker expect from Tesla's price movement, based on its current chart patterns?

The speaker expects Tesla to potentially break out of its current cup-and-handle pattern, which could lead to a price target of $380. He believes Tesla is at a crucial deciding point, with the potential to reverse back to all-time highs if the market remains favorable.

Outlines

00:00

🔄 The Fed’s Pivot: From Inflation to Unemployment

In this segment, the speaker explains the Federal Reserve’s recent shift from focusing on inflation to tackling unemployment, which could potentially lead to a recession. This change involves transitioning from tightening the economy to easing, encouraging corporate growth and hiring. The speaker reflects on whether the Fed's decision to wait until September, rather than pivoting in July, was a mistake. Upcoming economic reports on jobs and unemployment this week will be crucial in determining the future trajectory of the economy, with the potential for either a soft landing or a severe downturn.

05:01

📈 Market Speculation Amid Employment Data

The speaker provides an overview of the key employment data releases expected throughout the week, starting with the JOLTS report, ADP employment report, jobless claims, and non-farm payrolls. These reports are vital in assessing the strength of the labor market. Although there are concerns about unemployment rates, the speaker suggests that wage growth could still support economic growth. However, the speaker expresses a cynical view that the data could be manipulated due to the upcoming elections, potentially setting up a short-term market rally before a more significant downturn.

10:03

📊 Employment Data and Election-Year Market Movements

This paragraph delves into the idea that the employment data could be influenced by political factors due to the election year. The speaker believes that powerful entities may manipulate unemployment data to reflect positive outcomes, thereby pushing the market higher. The speaker leans towards the view that this could lead to a 'blowoff top,' where the market experiences a rapid increase before a potential decline. Despite these speculations, the speaker intends to remain cautious, entering the market only after data is released and trends become clear.

15:06

💰 Crypto Insights: Bullish on Bitcoin and Ethereum

Shifting to cryptocurrency, the speaker discusses the current state of Bitcoin and Ethereum. While warning about a recent peak and pullback, the speaker remains optimistic, suggesting that both Bitcoin and Ethereum are poised for significant growth. Ethereum, in particular, is highlighted as undervalued, with the speaker revealing plans to increase their investment to six figures. The speaker also advises taking profits when necessary, emphasizing a disciplined approach to trading. Upcoming live events and deep dives into crypto markets are mentioned, signaling future discussions on this topic.

👟 Nike’s Earnings and a Focus on Big Tech Stocks

In this segment, the speaker discusses upcoming earnings reports, particularly Nike, and expresses skepticism about its long-term recovery. Despite being beaten down, Nike’s fundamentals suggest it may struggle for years, and the speaker is not optimistic about its performance in the short term. The focus then shifts to big tech stocks, notably Amazon, Tesla, and Nvidia. The speaker is adding to positions in Amazon and Nvidia, citing positive analyst recommendations and higher price targets. Concerns about supply chain disruptions for Amazon are noted, but the speaker believes the stock is poised for a potential upward move.

📈 Amazon's Technical Analysis and Future Outlook

This paragraph dives into the technical analysis of Amazon's stock performance. The speaker breaks down recent price movements, pointing out a potential bullish setup despite concerning signals on the MACD indicator. A potential channel breakout and the opportunity for Amazon to reach new highs around $205 are discussed. The speaker also considers the possibility of a pullback before a further rally, and a bullish crossover on the weekly chart could signal a major price rise. Overall, the speaker remains optimistic, anticipating a potential blowoff top for Amazon.

🚀 Big Tech: Tesla, Nvidia, and Market Momentum

The speaker reflects on past successful calls with Nvidia and Tesla, emphasizing that large, well-thought-out trades often yield the highest returns. Tesla’s recent price movements are analyzed, with the speaker highlighting a potential breakout to all-time highs based on a 'cup and handle' formation. A bullish scenario is presented, suggesting that Tesla could reach $380 if the breakout is confirmed. The speaker advocates patience and discipline, advising the use of stop losses to manage risk while maintaining a long-term bullish outlook on Tesla.

📊 Tesla's Long-Term Potential and Market Risks

This segment further explores Tesla’s potential price reversal, suggesting that the stock could return to all-time highs if the technical patterns play out. The speaker discusses the significance of a weekly chart breakout and advises holding Tesla to capitalize on the potential upside. The narrative also touches on other electric vehicle stocks like Nio, which has shown recent signs of life. Despite this, the speaker prefers Tesla, believing it to be the best-performing stock in the EV sector. The segment concludes with an invitation to the speaker’s Discord community for deeper discussions on trading and investing.

Keywords

💡FED Pivot

The 'FED Pivot' refers to a change in the Federal Reserve's policy focus, shifting from fighting inflation to addressing unemployment concerns. In the video, the speaker discusses how this shift signifies the Federal Reserve's response to emerging economic risks like a potential recession, moving from tightening monetary policy to easing it in order to stimulate the economy.

💡Inflation

Inflation is the increase in prices over time, reducing purchasing power. It is a primary concern for the Federal Reserve when setting monetary policy. In the video, inflation is discussed as the initial focus of the FED's policies before they pivoted to prioritize unemployment, which could signal a major recession.

💡Unemployment

Unemployment refers to the state of being jobless among the workforce. In the video, unemployment becomes a central concern for the FED as the economy slows down. The speaker notes that this shift in focus is key to understanding the FED's policy changes, as rising unemployment may lead to a recession.

💡Recession

A recession is a period of economic decline, characterized by reduced industrial activity and increased unemployment. In the video, the speaker highlights the concern that if the FED was late in pivoting its policy focus, the U.S. could face a deep recession, making this a critical moment for economic decision-making.

💡Jobs Data Reports

Jobs data reports provide crucial information about employment, job openings, payroll, and unemployment claims. In the video, several key reports—like the JOLTS report, ADP employment report, jobless claims, and non-farm payroll—are mentioned as pivotal indicators that the markets will analyze to assess the direction of the economy.

💡Election Year

An election year is a time when political influence can impact economic policies and decisions. In the video, the speaker suggests that economic data, particularly unemployment figures, may be manipulated or presented favorably by market makers during an election year to influence public perception and market outcomes.

💡Market Rally

A market rally refers to a significant upward movement in stock prices, often following positive economic data or favorable market conditions. In the video, the speaker is optimistic about the potential for a bullish market rally, driven by favorable jobs data and the possibility of economic manipulation in an election year.

💡Non-farm Payrolls

The non-farm payroll report provides data on the number of jobs added or lost in the U.S. economy, excluding agricultural work. This report is highlighted in the video as a key indicator that will greatly influence the market's reaction, particularly since job growth is expected, which could contribute to a market rally.

💡Wage Reports

Wage reports track the average earnings of workers, providing insight into consumer spending power. In the video, the speaker emphasizes that even if job growth slows, strong wage growth could sustain consumer spending, which in turn would keep the economy and stock markets stable and potentially rising.

💡Bullish Trend

A bullish trend in the stock market refers to rising prices and positive market sentiment. The speaker in the video suggests that despite some technical concerns, there may be a catalyst for the market to continue its bullish trend, driven by manipulated unemployment data and optimism surrounding upcoming jobs reports.

Highlights

The Federal Reserve (FED) has pivoted from focusing on inflation to addressing unemployment, signaling a shift in economic priorities.

The pivot suggests a move from tightening economic measures to easing, aiming to stimulate corporate growth and hiring.

There’s a debate on whether the FED’s pivot was too late, with some arguing it should have occurred in July instead of September.

Key data reports this week, including the JOLTS report, ADP employment report, jobless claims, and non-farm payrolls, will influence market reactions.

Non-farm payrolls report, expected on October 4th, is crucial as it is predicted to show a rise in jobs and stable unemployment, which could drive market sentiment.

Wage reports are also critical; strong wages can offset job losses, keeping the economy afloat.

The speaker expresses skepticism about the reliability of employment data, especially in an election year, suggesting potential manipulation by market makers.

Despite technical concerns in the charts, the speaker believes there may be a bullish trend by the end of the week, driven by market forces and election-year dynamics.

Bitcoin and crypto markets are anticipated to make a significant move after a consolidation period, with the speaker bullish on Bitcoin and Ethereum.

The speaker is particularly interested in Ethereum, having recently taken a position and planning to grow it to a six-figure investment.

Upcoming earnings for Nike are viewed with caution, with the speaker not expecting strong results but seeing potential for future shorting opportunities.

The speaker is bullish on Amazon and Nvidia, citing strong price targets from analysts despite some negative news around Amazon.

Tesla is highlighted as a stock that could see a significant breakout, with a potential price target of $380 if technical patterns hold.

Tesla’s momentum is compared to other big tech stocks, with the speaker confident that it may return to all-time highs.

The speaker advises cautious optimism in the market, recommending a wait-and-see approach until key data is released, while still maintaining positions in select big tech stocks.

Transcripts

all right you guys know that the FED

pivoted but I don't know that everybody

really understands exactly what that

means just yet it means that he has

moved from one problem to another he's

moved from thinking his biggest concern

is inflation to now realizing that his

biggest concern may be unemployment

which would lead to a major recession so

he has moved away from tightening and

putting a break on the economy to easing

trying to get things moving again and to

stimulate corporations to hire and to

grow that's what the big pivot was now

the question is whether or not he was

too late should he have pivoted in July

was he wrong to have waited till

September did he give a 50 basis point

cut because he was scared of what he saw

coming around the corner well around the

corner is this week we've got four data

reports on jobs and unemployment and

payroll and these are the things that

the Market's going to look at very

carefully to assess whether the FED has

truly given us a soft Landing or it's

the Tipping Point for a huge recession

and a slowing economy now I'm going to

give you my opinion today and as I was

reflecting on what I'm sharing with you

today I thought you guys are getting

cynical Josh today and I'm going to lay

out for you why but let's just go over

which data reports we're waiting for and

then I'm going to explain to you why I

think we may continue in a bullish Trend

by the end of this week now you say well

bullish Josh I mean things are not

looking that great uh aren't you scared

yes I have concerns there's technical

concerns in a lot of the charts I've

talked about them in the last couple of

videos that I've made but I'm going to

give you my reason why there may be a

catalyst or there may be a reason to

Trump all of those technical concerns

and we're going to fall back on the fact

that it's an election year okay so let's

talk about the jobs reports that we're

getting this week and then I'll give you

guys my opinion starting things off

tomorrow at 10:00 a.m. we're getting the

jolts report that's the new job openings

that occur each and every month now

following that on Wednesday we get the

ADP employment report that comes out

pre-market at 8:15 Eastern Standard Time

and if you are a doubter of the

employment reports that we're getting

from the federal government this is the

one that would be the most interest to

you and then we've got jobless claims on

Thursday at 8:30 a.m. this is the third

jobs report that we've got this week and

this is going to be jobless claims so

people who are filing to receive

unemployment new unemployment claims

this week that's what we're going to be

getting Thursday but the big one that

the Market's really going to react upon

because this is the one that drives the

data is the non-farm payrolls that we

get out Friday October 4th now in that

report jobs are actually expected to

rise we're we're actually expecting to

see an a tick up and an increase in jobs

added to the economy we're actually

expecting to see unemployment rate stay

flat so we're not looking for a major

change there we're looking for that to

hold steady and we're also going to get

wage reports now we can afford to lose

some jobs we can afford to not add jobs

as long as the wage Factor continues to

show strength because even if some folks

are unemployed if the folks who are

working can afford to keep this economy

afat and they're not afraid to spend

money well then the economy stocks can

continue to grow and can continue to go

higher those are the things that we're

watching for this week and so what why

did I say I was cynical well because is

the data besides the ADP report how

reliable is it if the if the market

makers and those who control and pull

the strings in this country want to tell

us that unemployment remained flat well

they can tell us that this week and they

can cause the markets to Rally matter of

fact if they wanted to come out and say

that uh unemployment shrunk and people

got jobs and there's new jobs coming on

the market they could fluff those

numbers as well to push the economy pre

the election right now if they don't

like the candidate or they want to force

a crash later well then they'll just

revise the numbers giving correct data

to show that things have changed and so

I would say that now forgive me if I've

gotten too cynical for you guys but I

think it's just too easy this last uh

stretch before the election to make

those unemployment numbers reflect

whatever it is that the market makers

want them to reflect now what that could

be setting up for is the blowoff top off

of an incredible run and the Elation

that many people would be feeling seeing

their portfolios rise thinking to

themselves as sky is not falling in this

economy that things are okay and may

maybe a major change isn't needed and so

all of that causes me to think that we

might not be crashing this week uh I'm

leaning towards the fact that the

numbers can be manipulated because we're

in an election year and there's very

powerful people that pull the strings in

this country and they're the ones who

put people into office or take people

out of office so it's going to be very

interesting to see how the market acts

this week I'm going to lean towards the

idea that we're getting ready to set up

for an incredible run that all the

employment data is going to come in the

way the market makers want it to and we

could be setting up for the blowoff top

that we've been slowly moving towards

all of 2023 and 2024 just my opinion now

having said all of that I'm going in

light until I get the data I'm going in

light till I see the Market's reaction

I'm not trying to get ahead or in front

of the train I'm waiting for the train

to stop I will get on at my leisurely

Pace I will take my seat buckle myself

in order a drink and I will take off to

the next stop with it I'm not going to

try to jump on the fast moving train I'm

going to wait until the market decides

what it wants to do that's how I see the

markets today I hope you guys found that

interesting I'd love to know how you see

the markets let me know in the comment

section this is the stocks with Josh

show I appreciate you guys hit the like

say hi in the comments watch out for

scammers that pretend to be me if

something doesn't feel right it probably

isn't me uh but if you want to connect

with me more you can do it in the stocks

with Josh Discord the chart goat

University where we're doing a 3K to 10K

Challenge and I'm dropping education

pieces we entered another trade today on

Amazon and this is one of the stocks

that I'm going to talk to you guys about

today we're also keeping an eye on a

number of other plays and in addition to

that I've got to talk briefly about

what's going on with crypto because in

my last video I believe it was Friday I

warned that we were peing and likely

needed to cool off for a moment before

going higher now my bias is that we're

gonna scream higher on bitcoin and

crypto and that we're getting just a

momentary pullback to support so that we

can go go higher I want to remind you

guys that Bitcoin typically consolidates

for 200 days and then it makes a major

move we've gotten there we've done that

and now we're in the stage of getting a

major move now if you uh heed my caution

going into this weekend you would have

taken profits and you would have been

selling at the top of your favorite

cryptos and your favorite altcoins I did

and locked in a ton of money now I'm

anxious and eager to get back back in so

I'm watching it very carefully guys I'm

going to shout out ethereum because

lately I've become more interested in

ethereum it would take very little for

ethereum to take off like a rocket I'm

very interested in ethereum right now

and I took a initial position which I'm

going to grow to six figures very soon

I'm giving everybody the heads up that

I'm bullish on ethereum right now now I

could be wrong this is a risk position

but I think it's just beat down and I

think when

when something gets beat down like this

and there's nothing wrong with the

project and it's still uh sort of the

backbone of a lot of

cryptocurrencies it's around that time

that I begin to think okay well it's

something that I want to buy more of so

just wanted to throw that out there not

tomorrow I'm gonna be having uh some

folks on the show we're going to do a

live and a deeper dive and we're going

to chart some cryptos for you guys so

don't miss tomorrow's live okay let's

talk a little bit about earnings we've

got an earnings tomorrow before the

Market opens and it's Nike and I'm just

going to come right out and tell you

guys that I don't love it I would have

called it as an earnings play at least a

Lotto Play small position size because

it has been beat down and that means

that the options uh could be pretty

profitable I didn't I took the time to

analyze Nike and I just came across too

many people that understand the

fundamentals of Nike better than me and

they more or less said that it's going

to take years for them to recover so

it's come up off of its lows it came up

off of its lows it there's room for it

to continue to fall so I'm not touching

Nike for tomorrow now many analysts have

maintained their price Target on Nike at

$85 and it's currently trading at 88 and

so that's not a good setup going into

earnings so what I'm going to be doing

is I'm going to be watching the earnings

because if it doesn't go well then I

think there's going to be more

opportunity to potentially short Nike

now I could be wrong let's see how Nike

goes tomorrow if you're in Nike if

you're long nike I wish you the best I

hope it takes off like a rocket and you

make hundreds of percent on your

Investments And Trades okay let's talk

about the trade that I am interested in

right now and that's Amazon and Tesla

and Nvidia I actually like a lot of big

Tech right now H I also like meta but

the ones that I'm most interested in

right now that are new positions for me

so positions that I'm currently adding

to or growing are Amazon and Nvidia

Tesla I've got my bags packed meta I

bought a couple weeks ago and so I'm

more interested right now in Amazon and

Nvidia and today we're going to be

specifically talking about Amazon and

what I like about the charts now we are

seeing some fud in the news but there's

a number of companies that came out and

have maintained Amazon as a buy and

given it a higher price target of around

$265 is one of the higher price targets

that trust Securities gave it today

caner Fitzgerald maintained their $230

price Target and maintained them as a

buy so I think that there are

interesting negative news stories

circulating Amazon right now one of them

is the potential strike at the ports

which could cause disruption to Goods uh

coming into the holiday season and

obviously affect Amazon's profitability

but at the moment the chart is setting

up that if we get a good uh jobs data

this week I think Amazon could rip it

already had a massive dip so there was

already this moment of profit taking and

we might actually be making another wave

higher all the way above 200 let me show

you that chart real quick okay here's

how we're set up right now and in some

cases you would look at this macd and

see that it's rolling over and it would

be a pretty bad warning sign that this

could actually be the beginning of a

breakdown right in momentum similar to

what we saw here once we had a cross

under on the macd there it led to this

huge price fall right and so right off

the bat we're looking at the daily time

frame you know you might say Josh you

got to be crazy to be interested in

Amazon well let's go through a couple

things that are just a little bit

different right now than they were when

we got this other crossover first off

I've traded the macd for a long time and

you can see that the macd just continue

to come along and bounce off of this

line and go higher and higher right so

we don't know that we're going to get

this crossover just yet second of all

it's very consistent that we get these

channels that eventually get broken let

me just kind of take you over to this

one the last time we had this major

price breakdown we actually uh had two

patterns that were warning us one was

this ascending wed which was very

bearish that preceded this move here the

second was this ascending Channel which

preceded this gap down and move here

well so even if we're going to go

lower in my mind we've got to actually

go higher before we do that and I could

easily see us getting back to 190 and

creating this ascending wedge before

going lower if that's ultimately what

the stock wants to do but there's also

the opportunity of a potential bounce

here I do believe that if we can uh find

support at the moment here at this

18440 I believe there's actually

opportunity for us to move all the way

up to this 205 and even top touch the

top of this uh ascending resistance line

putting the stock between 205 and 208

and this is sort of the blow off top

that I'm looking for in Amazon now if we

shift from this daily view to this

weekly view I want to point out that the

story changes a little bit and what you

see is that on the weekly time frame

we're setting up for a potential bullish

crossover and we're still in Bull

territory and we have been for a very

long time and so if we get this

crossover on the weekly which is sort of

bent down a little bit and that's why

we're seeing that problem on The Daily

but if this actually begins to move up

based on good Catalyst leading us into

our last phase before the election this

could actually be the blowoff top this

crossover on the signal line is actually

when we got this in the past it actually

is what led to this Monumental move up

in price and we could be getting ready

to get the exact same thing later on we

could see this head and shoulders play

out of momentum but but if we got that

crossover on the weekly we would

absolutely get to 205 or 208 or even

much higher you know as I reflect back

on the last quarter I have given

extremely clear and accurate guidance on

some very big plays and I've reminded

you that it's the big plays that are

well thought out with your highest

amount of capital that ultimately will

be your largest winners not your scalp

trades that you do in the morning okay

those are typically just going to be

picking up little pieces along the way

building small amounts of money over the

course of time it's your big plays that

are going to be the most profitable now

we have called on this channel Nvidia

perfectly ran it all the way up and then

when it came down and people were saying

the runup was over called it a buy again

we ran up again we've done the exact

same thing with Tesla and people were

selling at 240 248 250 5

n261 and I kept telling them hold on

pump the breaks on selling Tesla okay

because we have a great Catalyst ahead

of us we're moving into an environment

that could be a secondary Catalyst good

data with an easing fed right sort of a

goldilock environment and Tesla's not

breaking down hm who told you that Tesla

wouldn't break down I told you that

Tesla wouldn't break down let's go look

at at the charts because this could be

setting up for a move that people are

not expecting and I don't want you guys

to come tardy to the party I don't want

you to ask me should I get in it you

know after the moves occurred that's

when everybody on the news is going to

be pumping it up now I'm not advocating

not using a stop loss one of my

disciplines is to have a stop loss and

I've got a stop loss set right now on

all of these plays that I'm talking to

you about and I take profit I told you

about taking profit with Bitcoin even

when it's hard to do but not taking

Profit just yet on Tesla let's go look

at that chart okay we've talked about

this talked about it way back here

cup and handle okay now we're right at

the line of getting above this cup and

handle the cup and handle price is

around 261 we still have time ahead of

us but here's the point I want to make

today and I've been making this point

I'm just going to make it again you take

the low of the cup okay to the

neckline and you place that at the

potential breakout

Zone and that tells you where the stock

could possibly go and the number I just

want you guys to be aware of is back to

380 if we actually got a confirmation of

a breakout of this cup and handle and we

got that Above This 261 so the price

explodes even if we consolidate here for

a little while it's ultimately telling

us that Tesla's entered into a new phase

with a potential price target of 380 and

let me talk to you about why that's so

significant let's jump to the weekly

candles because it's actually pointing

potentially to a total and complete

price reversal taking us back to

all-time highs that's why it's

interesting now do we know that's going

to happen no we don't know that but if

you're ever going to take risk on TES to

be honest with you it would have been in

this last 30 60 90 days because Tesla is

been slowly building back its momentum

to a potential breakout back to all-time

highs Tesla has been the worst

performing big tech company but it's

potentially getting ready to catch up

with its peers or at least we're at the

deciding line and so I'm definitely

going to be holding Tesla and not

selling it in any form of a panic until

I see what it does with this cup line

and this historic line of resistance

again love to hear from you guys in the

comment section if you are not touching

Tesla even Neo has come back to life

even Neo's hitting the radar of Interest

now I'm not buying any Neo because I

like to be in the best performing stock

in a sector and I personally believe

that for EVS that's Tesla but if you've

made some money this week on Neo let me

know in the chat let me know in the

comment section if you've gotten excited

about being a Neo holder again I'm

excited about holding Tesla for now all

right guys that wraps it up for me today

hit me up over in the stocks with Josh

Discord come join us over there it's not

just me it's me and the crowned Traders

there's a number of very talented

investors over there you can come trade

with us you can learn to chart and you

can be in a great positive Community

each and every day I'll leave a link in

the top pin comment peace and blessings

hit the like and the subscribe let's see

what these markets do this week

[Music]