Chapters
00:00 Intro: Nick's Big Ranges
00:30 Nick: His Watch Lists
01:01 Nick: A Range From 675 to 500
03:06 Nick: The Three-Week Tight
05:39 Nick: Holding the 10-Week
06:10 Nick: Symmetrical Moves in LRCX
07:40 Nick: A Lazy Technician
09:49 Advice to a Younger Self
12:22 Volume Shelves and the 650 Stop
15:30 GP: Gap Over the Pivot, Then Fail
18:06 GP: Volume and the Bear Market
20:40 GP: Not Ready for the Full Bear Suit
21:10 Candlesticks and Trend
24:51 GP: Moving Averages Aren't Magic
28:26 GP: The QQQs Holding the 120 SMA
30:30 GP: A New Uptrend
31:31 Nick: The 386 Retracement and 390 Pivot
33:36 Bearish Sentiment, Higher Prices
35:42 GP: A Massive Blow-Off Top?
37:14 Puts, Calls and Taking a Stab
40:53 Taiwan Semiconductor and Tech
43:28 PayPal's Batman
46:02 Roku in a World of Pain
48:03 Ben: Boeing Ready to Go
49:35 Ben: Moderna's Troubled Chart
54:15 Ben: Moderna's 170 Stop
55:16 Sideways Is a Direction
55:47 Ben: Amazon's 18 Months Sideways
58:22 Ben: Amazon's Options Activity
1:02:00 Wrap-Up
1:04:34 GP: Netflix and Qwikster
1:05:34 GP: Netflix Back to 380 or 390?
1:07:36 GP: Netflix, the Bull Market Leader
1:09:41 Sign-Off
Market Hours #1 was the first session with Nick, GP and Ben, released Sunday, January 16. Nick explained how he trades big ranges, symmetrical moves and three-week tight patterns, starting with LRCX. GP said it's hard to put on a full bear suit while the QQQs hold their 120-day moving average, and he compared Netflix's chart to the Qwikster era before earnings. Ben likes Boeing, thinks Moderna's chart looks troubled and is patient with Amazon's long sideways range. They also covered failed breakouts, volume, candlesticks, PayPal, Roku and options flow.
Nick's setups, levels and trades
Nick said "i gravitate towards stocks that are you know 100 150 200 bucks plus" that "i can find in a big range." "My weekly charts are in bar charts because i like to look for that that three week tight pattern," and "when price holds its 10-week moving average it's signifying strength." "I like to think that stocks move make symmetrical movements," so on LRCX "i'm shooting for this thing to hit you know 838," and "you could probably start taking money off the table at 800." "I've become kind of a lazy technician." His "advice to my younger self would be like dude even if you want to take the trade take it small," with a stop under 650. On the QQQs, "the 50 retracement from this high to low is right here at this 386," and with the "pivot right here 390. that thing gets taken out and it's off to the races."
Ben's setups, levels and trades
Ben said "boeing to me boeing looks like it is ready to go volume is picking up." "Moderna just looks like a troubled chart that doesn't mean the company's troubled at all," and he "would look to stop out if it didn't turn around once it got down to 170." "Sideways is a direction too," and "amazon's one of the most owned stocks." On Amazon, "it's only going to be a few position a few percent down for me until it breaks through." "I've been paying attention a lot more to the options market and i don't normally."
GP's setups, levels and trades
GP said "what i've seen over the last six to 12 months is this will probably gap over that that pivot and then fail." "Until those things start breaking it's really hard to put on your full bear suit." "There's no magic moving average that it's going to be saved" by. On the QQQs, "this is holding 120 sma it's held it before," and "my thought process from here is that we're we just started a new uptrend." "I can see us having a a massive blow off top from here." On Netflix into earnings, "netflix could be going back to like 380 390," and "netflix is our bull market leader i'm talking about the last decade."
Subscribe for the weekly live show at YouTube.com/@MarketHoursPod.
This is not financial advice. Market Hours is for education and entertainment only. Always do your own research.
Follow Market Hours: YouTube @MarketHoursPod · X @markethourspod · TikTok @markethourspod · StockTwits @markethourspod