TOMORROW Will Be The Biggest Day Of The Week

Summary

In this financial analysis video, the hosts discuss the market's anticipation for the Jackson Hole Symposium, where Jerome Powell's speech could trigger significant market movements. They review the S&P 500's performance, emphasizing the importance of adaptability and strategic planning ahead of potential volatility. The video also highlights historical data on market reactions to past Jackson Hole events, suggesting the possibility of drastic drops. Additionally, they cover key stocks to watch, including Tesla and Amazon, and discuss the impact of rate cuts on gold prices, while providing insights into specific trades and market setups.

Takeaways

• 📉 The S&P 500 had a down day with around 58% of stocks closing in the red, indicating a negative market sentiment.
• 🚀 Anticipation is high for the Jackson Hole Symposium, a significant event where central bankers meet and could influence market movements.
• 🗓 Jerome Powell is scheduled to speak at the event, which is a key focus for market participants looking for clues on monetary policy.
• 📊 Historical data suggests that the Jackson Hole event has been associated with significant market volatility in the past.
• 📈 The price of gold is often positively impacted by rate cuts, and with rate cuts being a topic of discussion, gold could be a beneficial asset.
• 📉 The S&P 500 index (SPY) closed down and fell under a key support level, which may indicate further downside potential.
• 📊 Technical analysis suggests watching key support and resistance levels for SPY, especially ahead of the Jackson Hole event.
• 📈 Zoom had a stellar earnings report, causing its stock to surge, and it's considered a potential bullish play for the following days.
• 📉 Certain tech stocks like Tesla and AMD are showing bearish momentum and could be watched for potential short opportunities.
• 💡 The video emphasizes the importance of having a trading plan, being adaptable, and following the money during times of market volatility.

Q & A

What is the significance of the Jackson Hole Symposium in the financial markets?

The Jackson Hole Symposium is significant because it brings together central bankers and economists from around the world. It often sets the tone for future economic policies, and market participants closely watch for any hints or announcements regarding interest rates and monetary policy, which can lead to significant market movements.

Why is the market particularly volatile during the Jackson Hole event?

The market is particularly volatile during the Jackson Hole event because it is a platform for influential figures like Jerome Powell to potentially announce or hint at significant monetary policy changes. These announcements can cause market participants to adjust their positions rapidly, leading to increased trading activity and price swings.

What historical data points were mentioned in the video regarding the S&P 500's performance during past Jackson Hole events?

The video mentioned that in 2022 and 2019, the S&P 500 experienced significant drops during the Jackson Hole events. The drops were as drastic as 3.4% to 2.6% on some occasions, indicating that the market can react strongly to the news and announcements made at the event.

What is the importance of the 555 support level for the S&P 500 index mentioned in the video?

The 555 support level is considered important because it was a key level during the beginning of August before a drop occurred. If the S&P 500 index falls below this level, it could indicate further bearish sentiment and potential for a continued downtrend.

Why might gold prices be affected by the Jackson Hole event?

Gold prices might be affected by the Jackson Hole event because any announcements regarding interest rates or economic policies can influence the perception of economic stability. If the event hints at economic uncertainty or lower interest rates, investors may turn to gold as a safe-haven asset, driving up its price.

What is the role of rate cuts in the context of the Jackson Hole Symposium?

Rate cuts are a key focus during the Jackson Hole Symposium because they can significantly impact economic activity and financial markets. Market participants are often looking for signals from central bankers about potential rate cuts, which can stimulate economic growth but may also be seen as a sign of economic weakness.

How does the video script suggest traders should prepare for the Jackson Hole event?

The video script suggests that traders should prepare for the Jackson Hole event by staying adaptable, closely monitoring key market indicators and assets like gold and the S&P 500, and being ready to follow the market momentum. It also emphasizes the importance of having a plan and being disciplined in trading decisions.

What specific stocks are highlighted in the video as potential trading opportunities around the Jackson Hole event?

The video highlights Tesla, Amazon, and Zoom as specific stocks to watch. Tesla and Amazon are considered for potential bearish moves, while Zoom is highlighted for its bullish momentum due to recent earnings and a sentiment shift.

What is the significance of the 175 support level for Amazon mentioned in the video?

The 175 support level for Amazon is significant because it represents a price point where the stock has seen increased buying interest in the past. If the stock price falls below this level, it could indicate a loss of support and potentially lead to further selling pressure.

Why is the performance of the stock market around the Jackson Hole event often considered a 'buy the rumor, sell the news' scenario?

The performance of the stock market around the Jackson Hole event is often considered a 'buy the rumor, sell the news' scenario because investors may position themselves ahead of the event in anticipation of policy announcements, leading to price increases. Once the event occurs and the news is released, some investors may sell off their positions, leading to potential price drops.

Outlines

00:00

📉 Market Recap and Jackson Hole Symposium Preview

The video begins with a market recap, noting that around 58% of S&P 500 stocks closed in the red. The host expresses excitement for the upcoming Jackson Hole Symposium, a significant event where central bankers, including Jerome Powell, meet and potentially influence market trends. Historical data suggests that this event has been associated with substantial market movements, both positive and negative. The host plans to cover the event live and encourages viewers to stay tuned for insights on how to navigate the market's response to the symposium.

05:02

📈 Historical Market Reactions to Jackson Hole and Gold's Potential

This paragraph delves into the historical impact of the Jackson Hole Symposium on the market, highlighting instances of significant drops following Powell's speeches. The host emphasizes the need for preparedness and adaptability, especially given the current market conditions. Additionally, the potential for gold prices to benefit from rate cuts is discussed, with a focus on gold as a safe-haven asset during economic uncertainty. The price of gold is noted to be on the rise, possibly indicating market anticipation of rate cuts.

10:04

💼 Rate Cuts, Economic Indicators, and Gold's Performance

The speaker discusses the market's reaction to rate cuts, challenging the common perception that they always benefit the stock market. Historical data is presented to show that rate cuts can be followed by market downturns. The conversation then shifts to gold, which is often seen as an inflation hedge and a safe asset during economic instability. The price of gold is analyzed in relation to rate cuts, and the potential for gold to continue its upward trend is considered, especially with the backdrop of revised job numbers indicating a weaker job market.

15:05

🚀 Zoom's Earnings Surge and Market Volatility Ahead of Jackson Hole

The host highlights Zoom's impressive earnings report, which led to a significant stock price increase. The bullish sentiment around Zoom is attributed to a shift in market sentiment and the stock's long-term oversold status. The paragraph also touches on the broader market, anticipating increased volatility due to the Jackson Hole event and advising viewers to keep a close eye on gold, silver, and interest rates, as well as specific stocks like TSM and UVXY.

20:07

📉 Big Money Trades and Market Watch for the Following Day

The final paragraph outlines specific stocks to watch, including Tesla and Amazon, which are expected to continue their bearish momentum, and Zoom, which is expected to rise. The host also discusses the big money trade involving TSM put options and the potential for this trade to offer protection in the event of a market downturn. The importance of having a plan, setting stop losses, and adapting to market movements is emphasized, along with a reminder to watch the Jackson Hole event for its potential impact on the market.

Keywords

💡S&P 500

The S&P 500, or Standard & Poor's 500, is a stock market index that measures the performance of 500 large companies listed on stock exchanges in the United States. In the video, it is mentioned that around 58% of stocks in the S&P 500 closed down, indicating a bearish trend in the market. The S&P 500 is a key indicator of overall market health and is often used as a benchmark for investment portfolios.

💡Jackson Hole Symposium

The Jackson Hole Symposium is an annual economic policy conference hosted by the Federal Reserve Bank of Kansas City, where central bankers and economists from around the world gather to discuss policy issues. In the video, the event is highlighted as significant because it often leads to market volatility due to the potential for major policy announcements, such as interest rate changes.

💡Jerome Powell

Jerome Powell is the Chairman of the Federal Reserve, the central banking system of the United States. His speeches and policy decisions have a significant impact on financial markets. The video script mentions Powell's scheduled speech at the Jackson Hole Symposium, which is a major event for traders as it may provide insights into future monetary policy.

💡Market Drisking

Market drisking refers to the act of reducing one's exposure to market risk, often by selling off assets or taking defensive positions in anticipation of potential adverse market movements. In the script, it is mentioned that traders are drisking ahead of the Jackson Hole event, indicating a cautious approach due to the uncertainty of the market's reaction to the symposium.

💡ETF (Exchange-Traded Fund)

An ETF is a type of investment fund and exchange-traded product, traded on stock exchanges much like individual stocks. They hold assets such as stocks, bonds, or commodities and aim to track the performance of a specific index. In the video, ETFs like GLD (which tracks gold prices) and TLT (which tracks longer-duration bonds) are mentioned as areas to watch, especially in response to potential market reactions to the Jackson Hole event.

💡Gold

Gold is a precious metal that is often viewed as a safe-haven asset during times of economic uncertainty or market volatility. The script discusses gold's potential to benefit from interest rate cuts and its performance prior to such events, indicating that investors may turn to gold as a hedge against inflation or economic downturns.

💡Volatility

Volatility refers to the degree of variation of a trading price series over time. High volatility means that the price of an asset can change dramatically over a short period in either direction. The video mentions that the Jackson Hole event could lead to increased market volatility, which is a key consideration for traders when making decisions.

💡Big Tech Stocks

Big tech stocks refer to the shares of large technology companies that have a significant market capitalization and influence in the stock market. In the video, the performance of big tech stocks like Tesla and Amazon is discussed, with Tesla being highlighted as a stock to watch for potential downside movement.

💡Earnings

Earnings in the context of the stock market refer to the profits that a company generates, which are typically reported on a quarterly basis. The video script mentions companies like Zoom and Peloton, which have recently reported earnings, and their stock prices have reacted accordingly, with Zoom experiencing a significant increase due to positive earnings results.

💡Momentum Plays

Momentum plays in trading refer to strategies that involve buying or selling stocks based on their recent price movement, with the expectation that the trend will continue. The video discusses momentum plays for stocks like AMD and Square, indicating specific price levels that, if broken, could signal further movement in the stock's price.

💡Big Money Trade

A big money trade implies a significant investment or trading move made by large institutional investors or wealthy individuals, which can influence the market. In the script, a big money trade involving TSM (Taiwan Semiconductor Manufacturing Company) is highlighted, showing how such trades can be used to speculate on market movements or hedge against potential losses.

Highlights

Market overview: Around 58% of S&P 500 stocks closed down, signaling a potential for a significant trading day ahead with the Jackson Hole Symposium.

Importance of the Jackson Hole event: A gathering of central bankers and economists that has historically influenced market movements.

Historical data analysis: Past Jackson Hole events have shown drastic market drops, indicating the potential for significant price action.

Market preparation: Advising traders to remain adaptable and follow market momentum in response to the event's outcomes.

S&P 500 (SPY) performance: Closed down 0.78%, breaking below a key level, indicating bearish sentiment ahead of the symposium.

Jerome Powell's speech anticipation: Scheduled for 10:00 a.m. Eastern Time, with live coverage on the StockedUp live channel.

Market's reaction to rate cuts: A discussion on the market's historical response to rate cuts, suggesting that they do not always lead to positive market movements.

Gold as a受益者 of rate cuts: Historical data showing gold prices benefiting from rate cuts, positioning gold as a potential safe haven.

Gold price rise: The price of gold is already on the rise, possibly indicating market anticipation of economic uncertainty.

Gold as an inflation hedge: Discussion on gold's role as a protection against economic uncertainty and inflation.

ETFs to watch: GLD for gold, GDX for gold mining companies, and SLV for silver, as potential investment opportunities.

TLT ETF significance: As it follows longer duration bonds, it could reflect market reactions to interest rate changes and emotional responses.

Earnings and economic calendar: A clear schedule for the next day, focusing on the Jackson Hole Symposium and its market impact.

SPY support and resistance levels: Identification of key levels to watch for potential market direction changes.

Tesla's bearish momentum: A detailed analysis of Tesla's significant drop and its potential continuation if the market remains bearish.

Zoom's bullish sentiment: Despite being sold out by ARK, Zoom's stock is experiencing a bullish trend due to positive earnings and sentiment shift.

UVXY potential rise: Anticipating an increase in UVXY if the market continues to pull back, reflecting heightened market volatility.

Momentum plays for the next day: Identification of specific stocks like AMD, Peloton, and Square with potential bullish or bearish movements based on market conditions.

Big Money Trade: A detailed analysis of a significant put option purchase on TSM, indicating a bearish outlook by big money investors.

Market strategy advice: Emphasizing the importance of having a plan, setting stop losses, and trading smart and disciplined.

Transcripts

[Music]

what going on everyone we hope you had a

great day in the market today looking at

today's heat map around 58% of stocks in

the S&P 500 closed down in the red and I

hope you guys are as excited as we are

because we are heading into the biggest

trading day of the week the Jackson Hall

Symposium is on the schedule for

tomorrow Jerome Powell and Central

Bankers all around the world are

basically getting together and we're

going to uh we're going to see some

fireworks in the market so in today's

video we're going to cover why this

event is so important how it has offered

some major opportunities over recent

Years and we're also going to cover all

the important information and historical

data that you need to know to make uh

tomorrow a great end of the week but we

have a lot to cover today a lot of

important information so make sure to

stick with us all the way until the end

but besides that Tom we are not wasting

any time today let's get right into it

yeah the Spy was pretty red today ended

up closing down

0.78% that's a pretty bad move by the

Spy it actually fell under 560 again

which was a pretty good breakdown

opportunity in the middle of the day I

know a lot of bears were loving a lot of

this price action from today and it

looks like Traders are drisking a little

bit ahead of the Jackson Hole event

tomorrow so this event's huge Central

bankers and economists from around the

world meet up at this event uh obviously

there's news outlets and other things

like that allowed as well but Powell

will be speaking tomorrow at 10: a.m.

eastern time I will have this event live

on the stockedup live channel so make

sure you check that out tomorrow around

the market open but uh overall Mike you

know Jackson Hole is huge we saw a huge

drisking today and whenever you know

Jackson Hole happen we start to see some

pretty insane price action you know

sometimes right of course not every

single time this event happens the

Market's going to go crazy but looking

at this chart here I found this

extremely interesting and to just to see

how some of these previous uh Powell

Jackson whole events have played out and

in 2022 we saw a massive drop in 2019

you know a pretty big drop as well now

of course sometimes the market does rise

during these but I'll tell you what when

it does fall it falls pretty drastically

big time and I was just looking at uh

some like uh price action and data on

spy on a daily chart and I was looking

at some of the giant red candles that we

saw in August and as we could remember

um there was a lot of panic about a

month ago or I guess you could say

earlier this month and I guess you could

say towards the end of July as well but

as we look at some of those red days

they were Red by let's say 2% or

1.4% or you could say 1.8% and then Tom

when we go back to that chart you were

just showing you could see the red days

on the bad Jackson Hole event years uh

are as bad as 3.4% to as bad as 2.6% so

what it essentially goes to show is just

like you said Tom when the Jackson Hole

events are bad they're pretty bad so you

have to be prepared for them and of

course some years it ends up being fine

and that is worth keeping in mind but as

we look at the market tomorrow it will

be very important to remain adaptable

and uh be willing to I guess you could

say uh follow the flows follow the money

um if we see a giant flush it's going to

be important to recognize you know which

direction the momentum is flowing in and

also understand what parts of the market

are suffering and what parts of the

market are gaining like in many times

throughout Market history we could see

when there's you could say General

market Panic like let's say with stocks

overall you know maybe other areas of

the market like gold and silver or just

like safer stocks might be getting great

inflows so for tomorrow it's all going

to be a game of momentum yeah it

definitely is you know in the short term

we're going to talk about a few stocks

later on like zoom and others that are

doing quite well in the short term in

their own rights and those will be

pretty awesome you know they're not even

that correlated to the market but we

will get into that later in the video so

definitely stick around for that but

looking at the spy for tomorrow Mike you

know today was a pretty big pullback

we're back down to a pretty key 555

support that's definitely going to be a

big level to keep on the radar tomorrow

ahead of this Jackson ho event you know

if we start to see Powell speak and the

market ends up tanking off that's not

going to be a good sign but you know

what is everybody really looking for at

the Jackson whole event they're looking

at rate Cuts they're wondering hey

what's going on here are the feds going

to kind of lay out the groundworks for

you know a cut coming in September or

are they going to maybe pivot just a

little bit but you know looking at this

chart here like we talked about

yesterday the market right now is

pricing in like a 75% chance of that

rate cut happening in September and you

know of course there's rate Cuts being

priced in for the the next meetings

after that as well so we'll have to see

how this ends up shaking out Mike but

you know these rate cuts and whenever

you start to look at some of the data

out there I know a lot of people are

like oh my gosh you know whenever rate

Cuts happen that's going to be amazing

for the stock market right and I think

that this year we've actually been

seeing kind of like a buy the buy the

rumor sell the news type of event going

on and you know you can see by this

chart here that every time that there's

a rate cut that doesn't necessarily mean

the Market's going to go flying up in

the short term no doubt and like you

said a lot of people have like the I

guess you could say perception that rate

cuts are always a good thing but when

you look back at Market history that has

just been proven uh not to be true of

course in 2000 there was a clear example

of that and the same thing with 2008 and

2009 but even as you go back like

further throughout history you could see

when when the FED funds rate does drop

which is that black line on the screen

right now we uh tend to see some uh

selling pressure in the market as a

whole so just just definitely keep that

in mind we like to show charts like this

one ahead of time so everyone could be

better prepared for um you know just the

market as these uh situations play out

so either way keep this chart uh in your

head going forward feel free to uh

screenshot it as well but one area of

the market that tends to benefit quite a

bit when we do see rate Cuts is the

price of gold so basically as we can see

by looking at this chart when we see the

uh rate Cuts start to happen gold prices

uh have benefited from that quite a bit

in the past and what's even more

exciting Tom is that the price of gold

is already on the rise before uh rate

Cuts have even started yeah it looks

like the market might be pricing that in

a little bit here in the short term

right you know we've been talking about

that maybe like that bu the rumors sell

the news going on at least with the uh

overall Market in rate Cuts but Gold's

been doing very well in the short term

also and you know this could maybe also

uh be shown like hey this is a sign that

the economy really isn't doing the best

right now you know we just saw them

revise the jobs numbers down like what

to 800,000 it was uh quite the revision

right it definitely shows that the jobs

Market's not as good as you know they

were trying to uh to previously say and

I just feel like that you know the

economy has been pretty rough there's a

lot of people that argue that we're

actually already in a recession but they

just changed the definition so you know

of course now we're not but uh but but

that's one thing to think about with

gold you know I think that there's a lot

of fear out there and there's a lot of

people obviously still bullish on the

market but at the same time I think that

a lot of people do uh see a little bit

of underlying risk with the economy here

and you know if rates start to drop a

little bit Gold's going to be an awesome

asset to run into here it also says a

lot how a gold bar is now worth $1

million for the first time ever so I

don't know how many of you saw this news

but this H just happened and uh it says

a lot because people buy gold for

protection uh not only for uh from you

know just like economic uncertainty and

fear but also for like an inflation

hedge as well and for those of you

who've been following the channel for a

while now know that we've been talking

about gold silver and like mining

companies in a pretty bullish way all

year long so keep a close eye on GLD

going forward this is an ETF that

follows gold prices it is right around

record highs you have ticker symbol GDX

which is for gold mining companies and

then you have ticker symbol SLV for

silver so those are some uh nice ways to

follow uh gold but another thing worth

keeping in mind for Jackson Hole

tomorrow is not only to keep a close eye

on gold because it can definitely move

up in a strong way and just move in a

momentum driven way but to also keep Ane

ey on TLT as this ETF follows like

longer duration bonds so basically if

there's like a you know if there's you

know an emotional reaction in the market

with interest rates TLT will move quite

a bit and TLT has pretty liquid options

as well so we definitely want to

showcase this so you could keep it on

your radar for tomorrow of course you

have spy to watch as well and then as

the video progresses we'll share some of

our more specific uh setup for tomorrow

but Tom we are basically clear for

tomorrow's earning schedule and the

economic calendar is uh taken up by the

Jackson Symposium but what do we have on

the schedule just to be uh just to be

clear yeah so on the earnings side of

things pretty much nothing tomorrow you

know this was a pretty decent earnings

week overall but earning season is

cooling off a little bit but going to

the economic calendar here for tomorrow

there will be some home sales but the

big deal is Jackson hle and Powell at

10:00 a.m. eastern time if you guys miss

this I'm going to be very upset tomorrow

I better see everybody in the Discord uh

and on the stocked up live uh YouTube

channel as well so let's go tomorrow at

10: a.m. eastern it's going to be one

hell of an event and you know like we

keep showing Mike uh this Jackson Hole

event has brought quite the volatility

in the past and with the Spy just being

at such crucial levels right now right

at the all-time high I think today was a

little bit of a dr- risking you know

like what if we end up double topping

and having a pretty significant pullback

here off of this uh off of this event it

definitely won't be good but at the same

time you know maybe the event can get us

to back to all-time Highs but it's going

to be a big one that's for sure and I

know a lot of people were uh hedging

ahead of this into today as well and

that's a smart decision because as you

look at the Spy like we've covered over

the recent over recent weeks it's not

like the economy is in uh you know

perfect shape right now and the Market

itself is still so close to all-time

highs we're heading into a giant event

we have the election coming up pretty

soon so you know it makes a lot of sense

to lock in some profits and I think that

is exactly what we saw in the market

today you know the market was down close

to 1% which is certainly more than uh

you know average and the market erased a

lot of its gains for the entire week and

the NASDAQ actually is uh like negative

on the week now so I think that also

says a lot but it also just goes to show

that people are nervous about this event

so keep that in mind but Tom what are

the levels looking like for spy tomorrow

in both directions I know we have a lot

of heavy resistance overhead yeah we

definitely do so in the shortterm here

562 and 563 is going to be huge before

we get towards the all-time high which

is up around 565 that is going to be the

major resistance we have to go back on

an hourly chart quite a bit here or like

a 15minute chart chart to see that

all-time high but 565 is going to be

huge overhead as far as major supports

coming up I'm really watching 555 very

closely that was pretty much the the

Peak at the beginning of August before

the drop and I really like 555 tomorrow

as support I'll also be watching for 550

548 and 547 to the downside below there

but um other than that Mike that's

pretty much it here for those spy levels

I'm mainly looking at the larger levels

for tomorrow you know I think that

there's going to be a lot of noise

tomorrow uh ahead of the event and of

course during it uh expect some

volatility and some chop you know don't

expect just a a straight runup or

anything like that we might see uh some

volatility mixed in before a true

Direction gets picked all righty well

with that being said let's jump right

into some setups and predictions for

tomorrow a stock I'm watching very

closely is Tesla and it's to the

downside so Tesla is one of those stocks

that is relatively weak compared to

other big tech stocks right now today it

closed down by almost 6% which is a lot

and that intraday price action was

pretty brutal so people are definitely

uh selling out of this one a lot more

than uh other big tech stocks and I

would not be surprised if this momentum

continued in tomorrow assuming that the

uh market-wide momentum was bearish as

well but either way in the event we do

see some bearish price action tomorrow

tusla will be one of the first stocks I

Look to given the uh I guess you could

say overwhelmingly bearish momentum that

we saw today yeah it's actually a pretty

good support at 210 as well I'll be I'll

definitely be keeping it on the radar to

the downside after falling 5.6% today

that was definitely a quite the volatile

drop by tessle there leave it up to them

right they they love having some crazy

moves every now and again with my first

play I'm looking at Amazon also to the

downside Mike and I'm watching a pretty

support in the short term right around

175 and we can see how big that support

really is on the book map there were a

few hits towards the uh end of the day

today at some minor levels like 176 but

you can really see just how much uh more

volume there is at that 175 level

there's a lot of shares stacked up there

so I'm really watching that as support

if Amazon starts to move below that I

will watch it down now of course I will

adapt and start to watch stocks back up

and I'll just be looking for whatever

the best flows like on Zoom or a couple

others and I know we'll be talking about

zoom in just a second but uh but

nonetheless uh that's what I'm looking

for on Amazon is that 175 support sounds

great yeah that's a giant level right

there but like you said Tom another

stock I'm watching Pretty closely is

zoom and it is to the upside uh I've

been hitting on this stock all week and

their earnings ended up uh having having

quite the uh day you can say Zoom stock

popped up by 133% and the the stock had

one of its best days in years and there

was a lot of great bullish momentum here

and uh zoom's a stock that has been so

oversold for you know so long now and

it's starting to like finally see like a

sentiment shift which is great so either

way Zoom is definitely on my bullish

radar for tomorrow Mike you know why

Zoom is uh moving up here in the short

term and this is going to freak some

people out it's because Kathy Wood sold

out of Zoom she's a arkk Arc is

officially done holding ZM right now I

can't even believe I'm saying that Mike

but uh I'm going to laugh my ass off if

this ends up being like the exact bottom

and Kathy just sold out you know I I

gotta say this poor Kathy would has

taken a lot of flak over the past year

but I don't know Mike I mean why why

sell it now after all this her average

was like $280 a share and she dumped out

a lot lower than that we'll put it that

way it's it's almost giving me

flashbacks to like the Nvidia trade it's

like I I think she like sold out of that

one like literally like a couple months

right before Nvidia had like the largest

runup in stock market history so that's

kind of rough there but either way Zoom

stock is running with some great

momentum and it's definitely on my

bullish radar for tomorrow yeah mine too

I love it you know it's having a lot of

great inflows and for the next couple

days even if the markets it's a little

shaky Zoom has a mind of its own you

know so it could be a great stock to

look at in the short term here with my

next play I'm looking at uvxy to the

upside it was up 6.8% today as we saw

the market pull back a little bit and if

we continue to see the QQQ and the Spy

reject off of these recent highs uh

we'll continue to see uvxy probably

explode in the short term whenever the

market Falls volatility usually

increases and vix had a pretty good move

up today now mi vix I should say

actually just had a historic pullback

one of the quickest pullbacks it's ever

had after Rising that much in the short

term so uh I'm definitely kind of

looking for vix to pop a little bit Mike

you know especially with Jackson Hole uh

if there's some volatility uh definitely

look at uvxy all right great stuff there

and let's jump right into today's

momentum plays and with the first one we

have AMD to the downside AMD another bad

stock here in the short term they're

sitting right around

$150 so if they break under there then

watch them back down all right with the

next one we have pelaton to the upside

pelaton continued with earnings today

too kind of like Zoom but if they end up

breaking out above 475 then watch them

up as well all right and then with the

last one we have SQ for both directions

Square yeah so Square started to fall

off a little bit today down 2.76% but I

do like the growth stocks in the short

term if Square falls under 63 $ then

watch them back down but they are right

around a pretty good support at 64 so if

they end up bouncing off of that and

re-breaking 65 then watch him back up

all right so we have the upside level

for a potential move higher then we have

the downside level for a potential move

lower this is for SQ don't forget about

the upside level with pelaton and then

the downside level with AMD these three

stocks are on watch tomorrow if and only

if they break through the levels listed

if they don't break the levels listed

then do not force the trades the

stronger the move uh the better the

momentum trade become so keep these

three stocks on Watch and besides that

let's jump right into today's

512,000

Big Money Trade and we are looking at

ticker symbol TSM so we've been hitting

on this stock quite a bit over the past

couple of days in a bearish way and it

has definitely been flushing lower and

it looks like uh big money sniffed that

out too but uh looking at this trade uh

the big money bought the

$167 50 Cent strike put options that

expire on September 20th of 2024 this is

a bearish trade where the big money

wants TSM to fall the lower it falls the

more they will make these put options

are already at the money there's around

30 days left of time to them the stock

has been continuously making lower highs

we've been seeing a lot of relative

bearishness

with chip stocks uh in the short term

which definitely helps a big money trade

like this one and at the same time if we

do see a flush tomorrow a trade like

this one can definitely offer some

protection but as we look at this Big

Money Trade I definitely like the reward

to risk skew but also understand that uh

naturally you know buying a put option

that only has 30 days to expiration uh

has its own uh unique risks and uh you

know it's just worth keeping in mind

that TSM um is at a major level right

now and we are heading into a very

highly anticipated event but either way

definitely keep this trade on your radar

yeah it could be huge you know and if we

start to see like let's say TSM flush

below 166 tomorrow that might be a good

area to maybe look for an entry um on

the big money play especially if you

start to see the market start to flush

from pow speaking or something like that

maybe have the entry ready and you know

if you start to see a flush that could

be another way to go and then is follow

the big money after that but I

definitely like this rejection in the

shortterm Mike this like 173 to 175

resistance is huge we rejected at 175 a

ton last week and then this week we've

been rejecting at 173 failing to break

like three different times over the past

couple days so uh keep watching it down

in the short term like you said it is a

little riskier it's a shorter term play

but at the same time you know it's

always fun to have some shorter term

plays mixed in right yeah you know it so

either way keep this stock on watch

going forward but again we have a very

important day ahead of us tomorrow

there's going to be a lot of volatility

a lot of big moves and a lot of

craziness make sure to stay uh

levelheaded make sure to be willing to

adapt with the market as it uh

progresses keep it close eye on gold

silver interest rates which is's uh TLT

uh spy big tech stocks and just you know

the market as a whole follow the money

uh have a plan before you enter trades

don't just randomly pick up or down just

hope for the best you know uh you know

have a plan have stop losses and respect

that plan let's have a great day in the

market tomorrow and let's trade smart

and disciplined uh if you guys are new

to the channel consider obliterating

that subscribe button to get our videos

recommended to you more often we post

all the time and cover the most

important information charts news setups

big money plays and everything you have

to know about the market in normally 20

to 25 minutes or less so consider

joining the stock crew there to get our

videos recommended to you more often uh

but before we close out I want to give a

giant shout out to today's member of the

day Big E in the stocked up Discord who

had a pretty great post today with some

Zoom uh bullish plays some Zoom call

options so it was great to see uh a nice

screenshot like this one so keep up the

great work going forward last but not

least if you guys still have not tried

out bookmap yet now is the time to try

it we have a huge event tomorrow and

trading without bookmap and seeing you

know important levels like the

$175 level with Amazon is kind of like

uh driving a car blindfolded you need

you need to see this information so uh

if you guys did want to try it out you

can save using the first link in the

description in the comments down below

um basically a special offers icon

appears uh at checkout if you use the

link down below and it has some pretty

nice savings attached to it besides that

guys thank you all so much for watching

and let's end the week on a green note