Chapters
00:00 Intro: Bitcoin Pumps
01:03 Nick: Joining the Bull Camp
03:34 GP: All-Time Highs by the End of Q2
04:35 Ben: A Launching Pad Above 4400
05:06 GP: One Nasty Dip in the Middle
06:08 GP: The Line in the Sand
11:44 Is Risk-Off Dead?
12:15 GP: Square and Volume at the Base
15:20 Nick: Institutions at the Low End
16:22 Roku Back in the Base
17:53 GP: Amazon's Weekly MACD Cross
21:00 GP: Nvidia's Flag Pattern
22:01 Ben: CrowdStrike's Base
23:02 Nick: CrowdStrike at 200 to 210
25:04 Ben: Amazon and TINA
26:40 GP: Freed-Up Money Goes to Mega Caps
28:15 Apple Is Dead?
32:52 GP: Apple's False Breakdown
35:27 GP: The Top-Down Approach
36:32 GP: Ethereum Classic
38:06 GP: Energy's Parabola
40:44 Ben: Energy's RSI Divergence
41:49 Nick: Gold's Breakout Failure
46:25 Ben: Semis Poised to Move
48:01 GP: Next Quarter Belongs to Tech
48:34 Ben: QCOM, TSM and Skyworks
51:41 Ben: Even Intel Looks Ready
54:48 GP: Not Intel
56:22 GP: The Final, Hated Leg Higher
56:57 Nick: EDR and BROS
57:59 GP: Revolve
1:01:38 Futures and Oil
1:02:40 GP: The Moves Aren't Overnight Anymore
1:05:42 Ben: Bitcoin's Ichimoku and the Weekly 21
1:08:51 Wrap-Up
Market Hours #17 went out live on Sunday, March 27, with Ben, GP and Nick as Bitcoin started pumping. Nick joined the bull camp, seeing the SPY going after its highs, and GP expects all-time highs by the end of the second quarter in a hated final leg up. Ben said nothing sets up better among the mega caps than Amazon. The three also covered Square, Amazon's weekly MACD, Nvidia, CrowdStrike, Apple, Ethereum Classic, energy's parabola, gold, the semis and Intel, recent IPOs and Bitcoin's weekly 21.
Nick's setups, levels and trades
Nick said "i got plenty of cash to put to work so it's not like i'm recklessly loaded long," and he especially likes "the amazon google and like tesla like how they kind of held super tight." On the SPY, "they pushed past the the 50 retracement which was 445 and then 453 is basically the 61.8," and "i'm much more inclined to say that we're we're going after those highs." "Institutions are stepping in towards the low end of these ranges." On CrowdStrike, "if i can get crowd anywhere between 2 and 2 10 i'll snag it." On gold, "the monthly chart is considered a failure a breakout failure at the highest," but "if we get a close on the gld anything above" 186 to 187, "i might lean back toward the bullish side." "If gold really did pull into like the low even mid 170s like i would definitely reload." Among recent IPOs, "edr i like a lot more than bros," and "as long as it holds 28 i'm pretty happy with it," with a leg higher putting it "basically back at highs like 35 35 50."
Ben's setups, levels and trades
Ben said if the S&P "doesn't break down below you know say forty four hundred," it will have a strong launching pad. "I pointed out crowd strike," and "this isn't palo alto strength that's already run away from you." On Amazon, "there's not a better in my opinion a better setup of the mega caps right now than the explosive move that amazon could have." In energy, "you guys know i like divergences in rsi," and "i would be watching for a failure" at the prior range high. "Semis have the potential to move quick fast in a hurry," and "qcom's coming for my 200." "I've got a nice size position in marvel and nvidia," and "i thought tsm you know around this 1 102 mark was probably a good spot to take a shot." "Even intel looks right for a move it's still got a break above that downtrend." On Bitcoin, "i keep my eye on the weekly 21," and "if bitcoin is risk on regardless it's it's going to drag the market kicking and screaming higher."
GP's setups, levels and trades
GP said "i'm in the camp that where all-time highs by end of second quarter if not much higher," with "wave five starts which is about a 161 extension." "We're gonna get one nasty dip is what i think in the middle of this cycle," and "i can see us tagging the 200 sma potentially even tomorrow." On Square, "as soon as we got a base we got a test of the base volume started to kick in," and "i think retail has been selling to institutions." "Amazon's one of the most bullish tech charts that i can see it's the only one with the macd cross on the weekly," and Nvidia had "six to seven green weeks following the break of the flag." "The mega caps tend to act stronger because the money that's been freed up from people who've gotten destroyed tends to come into more stable names." Apple "broke the 157 all-time high from previously," then reversed. "It's always a top-down approach." On energy, "when the chart is parabolic" the fundamentals don't matter, and "the parabola needs to relax and let it consolidate." "I'm in the camp that the next quarter belongs to tech again," but in semis, "it's not going to be intel." "We are on the verge of starting the final leg of this move higher and it's going to be so hated," and "it needs to decisively break that january 24th low" to change his view. "The moves aren't happening in the overnight sessions anymore."
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