The Bottom Line:
- Market update and chart analysis for various assets
- Discussion on key stock movements and potential setups
- Overview of indices performance and potential trading opportunities
- Insights on commodities like gold, oil, and nat gas
- Analysis on popular tech stocks like Apple, Tesla, Amazon, and Nvidia
Market Update and Chart Analysis Across Various Assets
Market Update and Analysis
good morning pregame crew how are you hope you’re doing well it is Monday April 1st 2024 this is not a drill this is not April Fools it is 6:24 a.m. Mountain Time 8:24 a.m. eastern time good morning yep no fulling today thank you night truck I appreciate it good morning shake and bake hey Greg Rob Tom Mark hey Casey Clifton Donald fat in keggers toer hey Tess and Paula Jill bull strike Mike Hugo Rob Spaceball one good morning good morning hope y’all had a great long weekend with family friends pets nature whatever it is that get you going all right I’m going to start out with a chart request or two don’t see any yet and don’t forget to hit that like button button if you hear anything you do like hey Davey hey Craig P Cary Neo all right Neo had some delivery news overnight Hank sing was green overnight but Neo is not benefiting as much as you would think yes they’re up 2% but they’re not gapping up on the day we made let’s see 448 445 is the 52 we low and we hit 448 on Friday just having a really hard time getting something going got to change the hourly Trend as step one we haven’t done that for 18 days good morning msos I apologize for my loud Mouse my quiet Mouse decided not to work this morning so I’ll have to figure out what that’s about I had a rough computer weekend msos a weekly lower high is the more likely scenario compared to 1064 due to the size of this pull pullback so weekly lower high on watch daily uptrend 4our uptrend got a little head and shoulders right here on the 4H hour be careful RSI that is I think Bears could look to top fish 1036 today djt oh I’m assuming you want the Trump media one that’s the one that’s been moving prior dwac name daily inside bar broke bear on Friday that Weekly candle from last week is a doozy that does not look good Bears will be looking at top fish either 6350 or $70 MPC Marathon petroleum potential daily bull flag looks pretty healthy nice volume on Friday XLE names have been doing wonderful you’re up here testing 203 and pre-market with a gap up I would go with The Gap meaning I would stay bullish until Bears prove something gold looks pretty bullish new all-time high yesterday or overnight let’s see what time did it happen yeah last night potential 4H hour bull flag on gold top fish means to short looking to short bottom fish means looking to go long go EV daily resting on the 50 ma daily lower high possible in the next bounce looks like you have earnings today after hours be careful be careful attempting a little Gap up here okay what time is it are we getting close to starting yep AMD AMD on the 4our has a really nice squeeze but we are stuck under the daily 50 ma Bulls need to get over these EMAs and get over 18769 to prove something again I do like the 4our squeeze all right let’s get this show on the road good morning this is who I am not that hurricane I am from Louisiana though very familiar with hurricanes and hurricane parties so if you want to give me a follow on X charal Lori that would be lovely I’ve been a Trader and Technical analyst for the last eight and a half years what I do here Monday Tuesday Wednesday is I have this live show and I attempt to go through 25 charts in 25 minutes and get you ready for the trading day I communicate to you via this microphone and this table is a way for me to objectively explain to you what I’m seeing I did this about three hours ago so some of it could be dated let me go look at es real quick I think the hourly has changed yep we’re in an hourly downtrend now 4 Hour still in an uptrend so we’ll uncheck that that is bearish so some of these things could have changed in the last few hours so I’ll update it as we go overall is looking more bullish but we have given back a ton of the overnight move we’re no longer gapping up on spy and we’re no longer gapping up on QQQ so some weakness has creeped in the last few hours we had fed pal speak last Friday when the market was closed and we had pce and pal said that he’s not in a rush for any Cuts so we’ll see how that unfolds today looking at the economic calendar we have S&P Global us man manufacturing PMI 9:45 and 10:00 a.m. we have ISM we have jolts this week tomorrow we have ADP non-farm data on Wednesday jobless claims on Thursday and Friday we have non-farm payrolls and Powell speaks on Wednesday and if you change it to two star events you’ll see a ton of fed speak we have a lot of fed speakers this week like a lot fomc B Williams me Dy Bowman again then Powell so we have a lot of fed speak this week so we have potential for volatility looking at es 4 Hour gives me the clearest picture we are approaching the 12 EMA on the 4our and we have support down at 5302 so we did get a new all-time high yesterday on that move up but we’ve given a lot of it back and we are close to turning red here on ES and on NASDAQ go Tigers is Right absolutely and uh goe uh always always I do not put all of my eggs in the trading view basket if you are trading a name and you think they could have earnings today like trading view is showing for go EV go confirm it go look on NASDAQ website New York Stock Exchange website don’t take the trading view as the gospel as always all right and I should do a disclaimer I suffer from this Human Condition where I’m a human and I make mistakes as well so if it’s impacting your money you are responsible for that data and make sure you verify your stuff yes LSU Tigers are playing Iowa this evening go Tigers thank you nugget I appreciate it yeah hit the like button folks so 4our is pretty clear we’re in an uptrend no major harm done we do have a big upper Wick of profit taking forming on these daily candles we have rty and a clear 4our uptrend rty has been strong at the end of last week we do have some upper Wicks forming though profit taking and we’ve lost our hourly uptrend the Dow has turned red we’re at the hourly 50ma we had a gap up to a new all-time high last night by $42 and we gave it back promptly and we’ve since turned red vix has got some spunk today as we have some fear entering the market we are over daily resistance however we are running into the daily 50 ma it’ll be interesting to see if this can suppress the vix or does the vix clear it h sing was green overnight Dax was bigger green it’s giving a lot back as well as the markets in the indices so it’s still green though Bitcoin is rad we had triple daily inside bars that broke Bull and then we were unable to get through 71 789 and we gave a lot of it back and we have a potential 4-Hour bare flag on bitcoin that doesn’t look too good that is a riskof environment we have eth with a potential 4-Hour bare flag as well we have the dollar that has some strength coming in we broke this hourly EQ to the bull side that’s probably holding down gold a bit yep so on the next bounce we’ll see if we get an hourly lower high compared to 2286 but this still could be a 4H hour bull flag gold bulls have been impressive in the face of dollar strength they’ve been impressive all right oil potential 4hour bull flag daily higher high odds favor a monthly low or high where that starts nobody knows on the next hourly pushup you could look for a top fish against 8362 Nat gas is green we’re running into Thursday’s High here 1786 1787 we have a double top sorry trying to get all my water consumed this morning I’m on bottle two so on the next pullback we have plenty of room for an hourly higher low relative to 1706 I don’t see a clear setup there for me Apple is no longer green it was green earlier we have a clear hourly EQ support 17103 17051 resistance 17202 17223 this is still clearly a potential weekly bare flag and it looks I was going to say a bad word it looks poor let’s just say that and Tesla looks awful as well potential weekly Bear Flag on Apple and Tesla and if you’re looking back at the first quarter and you’re comparing names Tesla and apple should be ashamed of themselves in their first quarter performance it’s awful and you look at names like Nvidia and you’re like you go boo you had a great first quarter performance so will that money rotate into apple and Tesla that remains to be seen Amazon has had a great push up we’re opening up closer to Thursday’s High than low and I’ll try to say Thursday because I my brain wants to say yesterday or Friday and neither one of those are correct so if I accidentally say yesterday or Friday you know that I mean Thursday the last day we were open on the markets so Amazon’s opening pretty strong here comparatively Nvidia is still green we’re back inside Friday’s range now that I just did it Thursday’s range dang it we have a daily inside bar from Thursday going pretty sideways on the hourly chart Mara I like for a top fish with this Bitcoin weakness on a pop up I think we could reverse back back burner this meaning 5 and 15 minute overbought conditions during regular trading hours could be top fish attempts on…
Chart Analysis and Insights
Ma a plug someone asked about this this weekend and the ticker request thread for members only and I really like this weekly EQ weekly squeeze daily tightening pattern daily squeeze we need to get over
Key Stock Movements and Potential Setups Discussed
Analysis of Stock Movements and Potential Trade Setups Discussed
Marathon petroleum shows potential for a daily bull flag formation with healthy volume, while XLE names exhibit strength testing 203 in pre-market. Gold looks bullish with a new all-time high, suggesting a 4-hour bull flag pattern. EV stocks may see a daily lower high soon, especially considering earnings announcements after hours. AMD faces resistance below the daily 50 MA, but a favorable 4-hour squeeze is noted.
Market Update Insights and Economic Calendar Highlights
The ES 4-hour trend indicates an approaching 12 EMA with support at 5302. Various Fed speakers scheduled for the week suggest potential market volatility. Nat gas is bullish, with room for an hourly higher low. Apple and Tesla show weakness, with potential weekly bear flags, contrasting other successful performers like Nvidia. Fed speak this week could impact market movements. Consider confirming data accuracy from official sources beyond trading platforms.
Indices Performance Overview and Trading Opportunities
Insights on Stock Movements and Trading Opportunities
Marathon petroleum displays potential for a daily bull flag formation with strong volume, while XLE names are showing strength testing 203 in pre-market. Gold is exhibiting bullish behavior, hitting a new all-time high, indicating a possible 4-hour bull flag pattern. EV stocks might face a daily lower high soon, especially with earnings announcements expected after hours. AMD is encountering resistance below the daily 50 MA, but a promising 4-hour squeeze is evident.
Market Update Analysis and Highlights from the Economic Calendar
The ES 4-hour trend suggests an upcoming approach to the 12 EMA with support at 5302. The presence of various Fed speakers scheduled throughout the week hints at potential market volatility. Nat gas is displaying positivity, with room for an hourly higher low. Apple and Tesla are showing signs of weakness, possibly forming potential weekly bear flags, contrasting with stronger performers like Nvidia. Fed speeches this week may have an impact on market movements. It’s advisable to verify data accuracy from official sources rather than relying solely on trading platforms.
Insights on Commodities such as Gold, Oil, and Nat Gas
Insights on Stock Movements and Trading Opportunities
Marathon petroleum displays potential for a daily bull flag formation with strong volume, while XLE names are showing strength testing 203 in pre-market. Gold is exhibiting bullish behavior, hitting a new all-time high, indicating a possible 4-hour bull flag pattern. EV stocks might face a daily lower high soon, especially with earnings announcements expected after hours. AMD is encountering resistance below the daily 50 MA, but a promising 4-hour squeeze is evident.
Market Update Analysis and Highlights from the Economic Calendar
The ES 4-hour trend suggests an upcoming approach to the 12 EMA with support at 5302. The presence of various Fed speakers scheduled throughout the week hints at potential market volatility. Nat gas is displaying positivity, with room for an hourly higher low. Apple and Tesla are showing signs of weakness, possibly forming potential weekly bear flags, contrasting with stronger performers like Nvidia. Fed speeches this week may have an impact on market movements. It’s advisable to verify data accuracy from official sources rather than relying solely on trading platforms.
Analysis on Popular Tech Stocks including Apple, Tesla, Amazon, and Nvidia
Stock Movements and Trade Analysis
Marathon Petroleum shows potential for a daily bull flag formation with healthy volume, while XLE names exhibit strength testing 203 in pre-market. Gold looks bullish with a new all-time high, suggesting a 4-hour bull flag pattern. EV stocks may see a daily lower high soon, especially considering earnings announcements after hours. AMD faces resistance below the daily 50 MA, but a favorable 4-hour squeeze is noted.
Economic Calendar Insights and Market Updates
The ES 4-hour trend indicates an approaching 12 EMA with support at 5302. Various Fed speakers scheduled for the week suggest potential market volatility. Nat gas is bullish, with room for an hourly higher low. Apple and Tesla show weakness, with potential weekly bear flags, contrasting other successful performers like Nvidia. Fed speak this week could impact market movements. Consider confirming data accuracy from official sources beyond trading platforms.
