Chapters
00:00 Intro: Bags, JFDI and GP Again
00:30 GP: Calling Netflix's Breakdown
02:32 GP: Netflix's Weekly Base
04:35 GP: Holding 380 to 390
05:05 GP: Financials Are the Last Leg
06:05 A Week of Catalysts
08:11 GP: Amazon Broke the Box
10:16 From False Moves Come Fast Moves
11:18 GP: Netflix's Cascade
13:21 GP: Not a Reversal Candle
15:55 Ben: Selling on His Rules
17:28 Ben: Adding Amazon and Microsoft
19:30 Nick: A Top-Down Approach
21:06 Nick: The SPY 400 Magnet
22:11 Nick: GLD, the Best-Looking Chart
24:13 The Last Bear Turns Bull
25:43 Ben: Microsoft Into Earnings
26:46 Pragmatism Wins
29:19 Traders Need a Plan
32:52 Holding Through Drawdowns
35:23 Meme Stocks and Why You Buy
39:01 Gambling vs Investing
43:38 Fundamentals and Charts
44:40 GP: The Amazon Trade
48:16 GP: Rates and Dealer Positioning
50:17 GP: Gap Down Below the Pivot
52:20 GP: A Critical Day
52:50 Nick: A Napkin Technician
55:23 Nick: How He Draws Fibs
58:27 Nick: A 50% Retracement Is Healthy
59:57 Nick: A Puke Bar and a Wick
1:02:03 Ben: Bitcoin's Ichimoku Cloud
1:05:12 Ben: A Pop to 47,000 or 48,000
1:06:44 Bitcoin's 30,000 Base
1:09:19 Ben: Capitulation Under 30,000
1:09:50 Wrap-Up
Market Hours #2 brought Ben, Nick and GP back on Sunday, January 23, after Netflix's earnings breakdown. GP walked through how he called the Netflix drop and why Amazon breaking its box was a risk-reward setup worth taking. Nick sees the SPY 400 area as a magnet and wants a tradable bottom before buying anything new. Ben added to Amazon and Microsoft and would add more if Microsoft sells off on earnings. They also covered stops and trading psychology, meme stocks, dealer positioning, Fibonacci retracements and Bitcoin's Ichimoku cloud.
Nick's setups, levels and trades
Nick said "i feel like the spy 400 is gonna act just towards like a magnet you know somewhere between that four and 420 zone same thing on the QQQs." "I have no interest in like popping into anything new considering like the best looking chart out there right now i think is the gld." "I want to see a sustainable tradable bottom put in." "I'm kind of a napkin technician," and "if you see a 50 retracement in any type of like up move like that's perfectly healthy behavior." "It'd be great to just see like a big old puke bar down and then you know wick back up."
Ben's setups, levels and trades
Ben said "my stop was at 162 it it fired" on Moderna, bought at 171. "I took some new you know some more weight in amazon i added some more weight in microsoft." Microsoft "is going to have for four quarters in a row now maybe one of the best earnings reports of all time," and "if microsoft sells off after its earnings i'm going to add to the position." On Bitcoin's Ichimoku cloud, "you need to be on the right side of the cloud to be bullish." "We may get at some point a pop to 47 48 that wouldn't surprise me at all in crypto," but "if bitcoin happens to tick under that 30 000 mark you're probably going to see you know some some capitulation."
GP's setups, levels and trades
GP said on Netflix, "as long as it holds between 380 and 390 you have upside trades," and "this is not a reversal" candle. "Financials are always the last leg in the bull market." Amazon "broke the box which should act as a rubber band here you're talking about a two-year plus box," and "the risk reward set up here in amazon was worth it." "I take a smaller than desired position." On the selloff, "my general thought process is this is market dynamics and dealer positioning and gamma squeezing to the downside," and he saw Monday as "a critical day in terms of direction."
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