Chapters
00:00 Intro: What a Week
00:37 GP: He Expected the Rip
04:14 GP: Who Broke the Downtrend?
05:48 GP: AMD Plays Catch-Up
08:50 GP: Roku and Square
12:25 Capitulation in Stages
13:56 GP: The January 24 Liquidation
17:31 GP: Short Covering vs Trend Change
19:05 GP: The QQQs' Nominal New Low
23:10 Nick: Accelerate Through 360
26:13 XBI and IWM Leading
30:48 GP: Airbnb Never Broke Its IPO Low
32:51 GP: Demand Is Through the Roof
38:32 Housing's 13-Year Base
40:36 Ben: The VIX Rolls Over
43:13 Ben: A Higher VIX Doesn't Mean a Lower Market
44:14 GP: Stay With the Trends
46:15 Semis Leading the Way
48:18 GP: QE vs QT
50:21 Nick: A Symmetrical QQQ Chart
54:01 The January Opex Low
57:40 Ethereum Classic's 100 Weekly
59:16 Square's Pivot
1:02:19 GP: Google's Split Premiums
1:06:23 Nick: Amazon Over Google
1:08:55 Ben: Bitcoin Above the Weekly Nine
1:10:57 Ethereum Classic and DOT
1:13:33 GP: Tesla's Cup and Handle
1:16:06 Wrap-Up
Market Hours #16 went out live on Sunday, March 20, with Ben, Nick and GP after a ripping week. GP said he expected the move from the flows and called January 24 a straight liquidation low, while Nick wants the QQQs to accelerate through 360. Ben saw the VIX rolling over and leaned bullish on Bitcoin's first weekly close above the nine EMA. The three also covered AMD, Roku and Square, Airbnb, demand and housing, the semis, QE and QT, Google's split, Amazon, Ethereum Classic and Tesla.
Nick's setups, levels and trades
Nick said on the QQQs, "i want to see us accelerate through 360," and "as long as it holds above like what is it like that 340 if we did pull like roll back over" it would form "a big ol inverse head and shoulders." "I believe the markets kind of move symmetrically," and a rally "would also put us in about that that 50 retracement." "The measured move when this pattern breaks is back where the pattern originated." On Google vs Amazon as a trade, "i'm hands down on buying amazon here," since Amazon has "tried to break that peak like a bunch of times but it keeps getting rejected."
Ben's setups, levels and trades
Ben said Cookie_M "pays way more attention to the vix than i ever will," and "boy did it fail now it still needs to fall down below the 21 but it looks like it's rolling over to me." "I see the vix collapsing down here." "I don't necessarily think having a higher vix year-over-year means a lower market year over year." On Bitcoin, "this is the first close a weekly close above the nine ema," and "i'm leaning pretty bullish here i'm not full bull until" it clears the 21. "If bitcoin is able to close above that weekly 21 oh it's game" on. "For my dot position almost a very similar looking chart."
GP's setups, levels and trades
GP said "i expected it," and "they were closing out lots of calls that were that were decaying," so he was "holding a lot more risk going into a friday than i normally ever do." "Apple didn't break its downtrend," and "that's the one you should be watching." AMD "chops in between" most days, but "i think it ends up playing catch-up this week to nvidia right so that's why i'm long some calls." Square "took out what nine ten weeks of price action in one single week." The January 24 low was "just boom straight liquidation all the way down margin calls," and later attempts came "on much much lower volume." "If we fail we take out this this kind of low this 318." Airbnb "did not break its laws so it's showing you that that there's there's definitely some strength," and a private equity buyout of Anaplan is "not something that you tend to see right in a big bear market." "My general viewpoint is the demand is through the charts." On QE and QT, "i think they negate each other." "While the volatility remains elevated," "stay with the trends." On Google's split, "they are going to milk it for the next four months or five months." On Tesla, "it's established that kind of handle above the cup," and "i bought in the low 700s."
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