$SPY $QQQ $IWM ( INDEX ROTATION ) TECH ON SELL
Summary
TLDRIn this market analysis video, the host discusses the bullish setup as of July 14th, noting the positive market conditions with a focus on higher highs and lows. They highlight the RSI's proximity to the top range, indicating potential pullback opportunities for buyers. The video delves into technical analysis, including support and resistance levels, and discusses market rotation, particularly the shift of funds from technology to cyclical stocks and heavily shorted materials. The host also emphasizes the importance of education in trading and offers their classes for a deeper understanding of market dynamics.
Takeaways
- đ The current market conditions are set up for bullishness, with indicators such as MACD, cloud conditions, and volumes all showing bullish signals.
- đ The RSI is close to the top range, suggesting that the market is near its peak and any pullback could be an opportunity for buyers to enter.
- đ A weak bearish body in the candlestick indicates sellers pushing the market, but overall conditions remain strong bullish for 2024.
- đ The 4-hour chart shows smart money around the 5541 area and a bullish divergence, suggesting support and a potential upward trend.
- đ The market has been rotating, with money moving out of technology sectors and into heavily shorted stocks, materials, and utilities.
- đ» Technology stocks like QQQ have shown weakness and bearish candles, indicating potential pullbacks that could be buying opportunities in a bullish market.
- đ Stocks that have been heavily shorted and taken down in price are now bouncing back, presenting potential buy opportunities for investors.
- đ On the 1-hour chart, there is a double top and bearish divergence, which is a weak signal amidst an otherwise bullish market.
- đ Some stocks, like Snap and Pinterest, are showing bearish signals, with potential support breaks that could lead to further declines.
- đïž The speaker emphasizes the importance of buying at the bottom rather than chasing tops, using examples like MP Material and SQM to illustrate potential long-term gains.
- đŠ The upcoming week includes earnings reports and events that could impact the market, with a focus on index rotation and the movement of money into cyclical stocks.
Q & A
What is the date mentioned in the transcript for the market analysis?
-The date mentioned in the transcript is the 14th of July.
What does the speaker describe as 'one of the bestest conditions' for the market?
-The speaker describes the market conditions as bullish with bullish MACD, bullish cloud conditions, and bullish volumes, indicating a positive market setup.
What does the speaker mention about the RSI indicator in the context of the market analysis?
-The speaker mentions that the RSI indicator is very close to the top range, suggesting that the market is nearing the top territory, which could indicate potential overbought conditions.
What is the significance of the 'weak about the body' mentioned in the transcript?
-The 'weak about the body' refers to a candlestick pattern where sellers have lined up and pushed the price down, indicating potential weakness in the market.
What is the support level mentioned for the market if it pulls back, according to the speaker?
-The support level mentioned for the market if it pulls back is 550.
What does the speaker indicate about the market's behavior during earnings season?
-The speaker indicates that during earnings season, the market may show signs of weakness but quickly bounce back, suggesting that the bulls are lining up and the market is behaving in a bullish manner.
What is the speaker's view on the rotation of money within the market?
-The speaker observes that money is being taken out of the technology sector and being put into heavily shorted stocks, materials, and utilities, indicating a market rotation.
What is the significance of the 'double top' and 'bearish divergence' mentioned on the 1-hour chart?
-The 'double top' and 'bearish divergence' on the 1-hour chart suggest a potential bearish trend, where the price has reached a peak twice and is expected to decline, with divergence indicating a weakening of the bullish momentum.
What advice does the speaker give regarding trading during a new week with bank earnings?
-The speaker advises to be cautious and gauge the market's behavior at the start of a new week, especially with bank earnings, and to watch for support levels and potential breaks as areas to watch.
What educational resources does the speaker offer for those interested in learning about trading?
-The speaker offers various classes, including a supply and demand class, and an alert room for live trading insights, emphasizing the importance of education before trading.
Outlines
đ Market Analysis and Bullish Outlook
The script opens with a market analysis for the upcoming week, highlighting a bullish setup with positive indicators such as the bullishness box, MACD, and volumes. The speaker notes the market's pattern of higher highs and lows, suggesting an upward climb. Despite the RSI nearing the top range, indicating potential overbought conditions, the speaker anticipates buying interest on any pullback. A weak body candle is mentioned, signaling seller presence, but overall, the market conditions are described as some of the best in 2024. The speaker then shifts focus to smaller timeframes, specifically the 4-hour chart, where smart money is identified around the 5,541 area, and a bullish divergence is observed, suggesting continued bullish sentiment despite minor weaknesses.
đ Stock Rotation and Cyclical Stock Insights
This paragraph delves into stock rotation, noting a shift of funds from technology stocks to heavily shorted stocks in materials and utilities. The speaker identifies specific stocks like Lucid and Qs that have shown significant price jumps, indicative of a market rotation. Stocks that were heavily shorted and are now bouncing back are highlighted as potential buys, with examples such as MP Material, which has experienced a substantial price drop due to inflation and is now showing signs of a good entry point. The speaker advises looking for stocks that have been taken down in price as they present buying opportunities, and also mentions the importance of understanding market dynamics for long-term gains rather than short-term fluctuations.
đ Technical Analysis and Market Updates
The speaker provides a technical analysis of various stocks, discussing bearish divergences, double tops, and support levels. They mention specific stocks like City Bank, which shows signs of weakness, and ON Semiconductor, which has broken through sloping resistance and is setting up a bullish pattern. The emphasis is on watching support and resistance levels for potential market movements, and the speaker suggests that a bearish outlook may be premature despite some bearish signals on shorter time frames. The speaker also discusses the importance of index rotation and the impact of earnings season on market behavior, advising viewers to be prepared for market fluctuations and to look for opportunities in both bullish and bearish scenarios.
đ Educational Offerings and Market Trading Tips
The final paragraph focuses on the speaker's educational offerings, including a supply and demand class that has been well-received by students. The speaker emphasizes the importance of education in trading, using a personal example of a significant trade that was executed using the principles taught in their class. They encourage viewers to invest in learning rather than losing money to market makers and highlight the value of understanding market setups. The speaker also invites viewers to join their YouTube channel for daily live trading sessions and mentions a WhatsApp group for further engagement. The paragraph concludes with a reminder to share the video and engage with the content, and a promise to provide further updates in upcoming sessions.
Mindmap
Keywords
đĄbullish
đĄRSI (Relative Strength Index)
đĄsupport
đĄdivergence
đĄQQQ
đĄrotation
đĄcyclical stocks
đĄshorted stock
đĄsupply and demand zones
đĄearnings season
Highlights
Market conditions are set up for bullishness with various indicators showing positive signs.
RSI is close to the top range, suggesting the market is nearing overbought territory.
A weak body candle appeared, indicating sellers are pushing the market but overall conditions remain bullish.
Support levels for the market are identified at 550, a key area to watch for potential pullbacks.
A bullish divergence is observed on the 4-hour chart, suggesting underlying strength despite minor weaknesses.
Technology sector shows signs of weakness with money moving out over the last five days.
QQQ experienced a significant bearish candle, indicating a potential pullback despite overall bullish conditions.
IWM (Russell 2000) is showing a bullish trend, breaking resistance levels not seen in 2 years.
Cyclical stocks and heavily shorted stocks are experiencing a bounce, indicating a shift in market focus.
MP Material is identified as a potential buy due to its significant drop and current divergence.
SQM, a mining company, shows signs of bottoming out, presenting a buying opportunity.
PayPal and Snap are highlighted as technology stocks showing weakness, with potential support breaks.
ON Semiconductor's stock is noted for its attractive setup, breaking sloping resistance and showing bullish signs.
Market rotation is a key theme, with money moving from technology to other sectors like materials and utilities.
The importance of watching support and resistance levels for potential market movements is emphasized.
Banks are starting to show earnings, with City Bank showing signs of weakness but not severe enough for short positions.
The presenter offers educational classes and an alert room for those interested in trading strategies and market insights.
The power of supply and demand analysis is demonstrated through a trade that resulted in significant profits.
Transcripts
welcome to top 20 gu folks today is 14th
July and let's take a look at the market
conditions see what market look like
Sunday right so this upcoming week folks
lot of events and earning are going to
start so before that we need to look
what the market is doing here as you can
see right here this is the one of the
bestest condition is set up right now
means look at the bullishness Box okay
everything looking nice and bullish magd
bullish Cloud conditions are bullish
volumes are bullish everything look is
like nice right so what we did Market
here is look at that higher high higher
low higher high now so we are trying
to climb higher that's what market look
like here so many people say Josh Market
is like look like kind of you know
oscillator above almost close to seven
so when you see RSI you know many people
look at the RSI look at here so if you
take a look at it here Market is kind of
okay very very close to the top range
means we are very close to the top
territory means what does it mean means
now we have a little bullishness
everything looking bullish so anytime
you see that kind of pullback you're
going to see a buyer any kind of
pullback you're going to see a buyer so
what would happen here I just need to
keep in mind weak about the body just
showed up right here so so if you look
at the candle weak about the body showed
up that means the seller lined up and
push it but look at the conditions is
the one of the bestest best condition
you can see in 2024 right now that's
what it shows up all right so we're
going to go and look into the little
smaller time frame see markets What
markets are doing so we need to look
into 4our charts first so any weakness
we need to look for it okay so over here
this is the 4our chart smart money are
sitting around
here right
here around 5 541 area right here but
that's that's two way low because
condition is still bullish qu still
firing 4our charts Market has a
Divergent folks right and still we are
uh looking bullish so your support is
550 this area to look for it if any
Market pulls back okay 550 all right
that's fine right now I don't see let's
see here one more thing bullish Market
bullish squeeze diverent right little
diverent right there on a 4our chart 4
Hour chart is is is it has a lot of
power okay condition bullish diverent
okay that's what it appears they're
going to look into 4our chart here we go
what do I see here double top and
bearish diverent on a 1 hour chart this
is 1 hour chart folks okay and condition
is still bullish so man this is weak
signal folks okay I'm telling you you
know Market got a weakness and
immediately the Bulls lining up this is
how it Market is even the earning season
coming you know so me maybe you know
what Market is doing folks I think the
market is doing rotation so we're going
to look into the rotation I brought some
rotation here so we can look at last
five days see what market doing so last
five days Market is taking money out of
Technology look at that last five days
money getting out of that so if you ask
me you know what let me see the money
coming out of technology means
qqqq qqqqq yep look at that QQ
big powerful look at the QQQ folks got a
weakness right there you see that QQQ
got a huge weakness and then we bounce
and rejection again look at that is this
you will rare find this kind of anywhere
tell me can you see like this
power the huge bearish candle coming on
FK this is this is I'm I'm trying to
give you all the heads up condition is
super bullish look at that but market
price action I say hey I want to go down
that's what the QQQ look like so
whenever you want to pick you want to be
wind direction is South right that's
what you need to pick on a QQQ because
now the conditions are bullish means it
could be a small pullback like this and
then bounce pullback like this could
bounce right because the condition is
solid bullish this is the early early
indication I'm I'm telling you giving
you early indication okay let's look at
the so these are all index rotation I'm
watching okay then let's look at IW
because IW was super bullish right few
days we we looked at iwm look at the
shootout so iwm all cyclical stocks
folks look at the cyclical stocks all
are trying to going higher sloping
support building right here and now
shooting so where are we now 213 that
means iwm almost like a yearly twoe I
never seen lately oh yeah almost look at
that 2022 folks has been 2 years now we
are breaking the resistance right let me
get rid of you this stuff so
2022 we were here at the same price
after before that we were been iwm was
beish spy keep taking alltime High
remember but not the iwm QQ was alltime
high keep creating alltime high but not
the iwm so the baby was sitting down at
the bottom and and the you know spy and
K was flying high so now they're taking
the iwm what does it mean that means
folks we need to go and look at all the
cyclical stock they must be going they
must be uh bouncing let's look into
let's look into
Lucid dir cheap stock right they took it
down to look at that look at the bounce
cyclical stock $2 stock NOW jumping $4
100% jump then let's look at the Qs
remember this battery comp oh look at
that 45 stock is now $8 stock you see
that so these are the jump these are all
heavily shorted stock these are all
heavily shorted stock they are jumping
now all right
then Intel jumping
right so many many stock probably folks
you got to you got to look into it for
example and these are the stocks which I
which I think look at that MP material
MP material look at the heavily shorted
the material due to the inflation they
took it down from $60 to $12 these are a
good buy folks you can understand you
see that market keep creating Divergent
last 3 months 6 months right here now we
are finding the support here if once we
break this resistance going to be
bullish and could be go higher because
now this is the perfect time probability
these are good buy folks MP material wow
look at that look at the volume lining
up this is for the long term not the
option folks okay the option that you
got to figure it out because Market Play
Dirty game go up down up down and then
you got to figure that's why you need to
know little bit uh different different
tricks but stocks yeah beautiful folks
these are the good buy look at the
Double bottom and look at the diversion
also this is like best MP material right
then whatam we call it uh other
sqm the look at this diverent coming in
now this sqm is bottom out look at that
stock it was 115 120 this is battery uh
this is all the mining company right now
look at that down now we are bottoming
out so these are this is how you buy the
material and they probably 8 months 9
months 10 you know maybe year or two
gives you some sort of good return but
this is how you do shopping rather than
chasing anything we buy the shopping at
the bottom not at the top at the at the
top then
PayPal look at that still weakness but
we we still at the support here this is
not I don't see anything here reversal
but yeah this is the support here just
the demand Zone just to give you idea
folks okay so these are the these are
good
stock all right which is probably this
is digital ocean is support here
bouncing probably all right anyway
so and let's take a look
at look at the snap this is all
Technology stock they took it to $790
probably this there's a weakness here
how do I see weakness
here look at that this is 4our chart
double top right there bearish Divergent
once they look at that we already trying
this once you see these support breaks
that's it then baby going to roll
down this is snap just to give you idea
$15 breaks
down
pins then this is also technology talk
right pin look at that already in a bad
territory this we are testing the
support area folks once we take the
support man baby going to roll you know
how much money you could print here look
at the empty pocket man come on this is
like a lottery folks you Market down
dump this baby going to roll if Market
dumps remember that if there's always if
disclaimer due diligent you have to do
before you take any trade folks okay
this is just my technical analysis what
I see here but look at that once the
support that that area is critical
critical then look at that drop because
Market you know Market is all the way
top Market DP dumps watch the pins
you're going to see this going BBE could
roll down right just to give you idea I
we looked at the both bull bullish and
bearish also so so let's look at
the on look at
that this is ON Semiconductor stock look
at that sloping resistant broke building
sloping support man look at the beauty
setup look at the light under of the
tunnel mag and like like like like a
lollipop folks this is like a lollipop
somebody handing over to you that's how
I see it here look at this right these
are this both bulls and bearish stocks I
looked at anyway right now it's uh let's
go back to the Spy so iwm index rotation
folks remember Market maker started
index rotation that's why we looked at
all the other stocks were going good all
right I looked at a few stocks folks you
can look into those stocks if you like
all right so sometime market update
video I might make like this so you
might take advantage out of it all right
then so here let's go back here so this
is double top right here rejection
bearish Divergent uh support your smart
money are sitting right here here this
area folks right so if you want to be
you know if you want to be bearish we
need this to break
5555 1 hour charts let's go to 30 minute
charts all right so same thing 30 minute
chart so folks before we go and dump and
anything happen these are the area to
watch support bounce or support breaks
555 66 this area to watch for tomorrow
or day after tomorrow all right
condition we just started little bearish
this is 30 minute charts okay you
understand that so we just started the
bearish so we might look like could go
and test this bounce rejection maybe go
down in a day or two something or we
could just bounce and continue you know
buyer lines of either one of them but
right this is the area to watch this is
the area where the rejection we had all
right so this is the area we had a
rejection right so if you are a bullish
market tomorrow if you see a bounce and
get a little any bounce is a good shot
probably could could be okay I'm saying
could be a good short side rather than
going the long side for a day or two
let's see whatever it bring because ma
already down here on 30 minutes they
could have a bounce and then create a
downward or could come down and bounce
either one of them and then have a
rejection and go down for Tuesday
Wednesday something we'll see so this is
we always look at the both side of the
coin FKS not the because it's a fresh
week starting remember fresh Week start
so Bank banks are earning Sub in banks
are already making money so if you ask
me Banks like City Bank let's look at
the City Bank see what city oh man look
at the weakness on City
Bank oh wow wow wow wo wo wo wo W
okay divver City Bank One 2 third
diverent going on so City Bank could
test this area but I would not I don't
like to go in short because I don't see
crazy weakness here that's why all right
so anyway right now I'm just just giving
you what I see here
um the don't make a long video folks
that's why all right so anyway keep it
in mind I I see some weakness a little
bit not crazy but conditions are still
strong bullish that's why you can expect
bullishness if that's why brand new week
starts we need to gauge the market see
how it does and then we will update you
okay so right here this is your support
to watch this is your resistance to
watch and if this support breaks right
here these are the area to watch for
upcoming days folks okay and also the
rotation which is as you can see right
here mostly so you look for what kind of
stock you're trading last last week
Market trying to take the money out of
the technology and trying to put money
into the whatever the heavily shorted
stock in 2023 2024 materials utility
that's where the monies are going you
see that they just started folks I
showed you look at the lucid and Qs and
all these rions and look at that you
will see the money rotation going on
heavily shorted stocks right now they're
buying you see that look at the ran just
to just just all the short stock look
into it folks that's where the money are
right now whichever stock they took it
down that's where they are right now
buying back okay they do get a once in a
year they get opportunity to buy right
and that would be the one so that's why
iwm is also popping all right those who
are new to the community folks I always
post the market update video join
YouTube I go also live every day morning
9:30 to 400 p.m. live I trade my share I
mean I share my trades in the morning
9:30 to 4 p.m join on YouTube type it in
top trading age also folks I go live
right here this is the 7 hours right
here okay then uh there's a WhatsApp
group folks there's announcement I have
is SPX right those who are uh in SX
class those who wants to join SPX room
and class right here so those who wants
to people are asking me Jos can I join
your SPX alert room I would highly
highly recommend take at least one class
this is the class which I created we had
all almost 30 students folks so if you
want to join you can take this class is
very very important okay you can go for
this one is just th000 bux FX but you
can go for that one and if you want to
join the alert room alert room is there
this $1,000 but alert room will be from
the date you start okay so we have you
can if you join from Monday 15th it will
last in 15th 14th August right that's
how it works basically so you can take
the alert room also right here these are
the classes I offer folks so at least
educate properly and go with the uh with
whatever you like folks technical
fundamental technical intraday today we
had a supply demand class folks that
class is now recorded available folks
okay you can take this is the most
important class folks you can take
opinion from the people who took the
supply demand class right what kind of
value I'm providing in this class it's
very very important folks one trade you
know what what we do folks like one look
at the Friday folks look at the Friday
what did I do you know you can can you
imagine this trade what I how I printed
this $80,000 right in this trade this
trade is not a easy one folks but you
know the setup you know Market knows
that what I mean how the market is
behaving and I announced I thought look
at the rejection right
here this is a support Market broke
right boom and then bounce and this
bounce is your Supply right there
rejection where is your
next area is right here is your target
area look at the dump boom boom boom
boom I exited way way early but imagine
folks look at that how much Market went
down if I would have hold on to could
have would have should have would have
been the different story that 80,000 I
exited around 42 somewhere around here I
exited but imagine from here top to here
one trade but that's the that's that's
the power of Supply demand class but you
need to learn when the setups are where
where the setups are and that's what I
teach you in depth right so take those
classes folks whichever you like and
that rather than giving money to Market
maker people are calling me I give $1
million to Market maker I give a $9,000
to Market maker Instead try the
education learn something folks that's
what I would say all right now folks
don't forget to share this video If you
think you like the content what I what I
provided please share with others also
and don't forget to click the like
button and uh see you guys tomorrow
morning 9:30 thanks
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