Tech Stocks Are Parabolic… Smart Money Is Getting Nervous \\ Gareth Soloway & Benjamin Pool

Added: 2026-05-17

[00:00:00]Gold didn't do anything. Flat to positive. Silver didn't do anything.

[00:00:04]Flat to positive. Um natural gas didn't do anything. Flat to negative. Uh oil was down fractionally.

[00:00:11]Um Bitcoin was up fractionally.

[00:00:13]Dow was flat. S&P gained a little bit.

[00:00:17]Where was the momentum? Semiconductor chip stocks, tech. That was the momentum right there. Look at this up something trend line here.

[00:00:27]Let's see if we can find a hidden trend line. Maybe connect these pivot tops here. Look, we're through a lot of this.

[00:00:34]This would be my first level. Okay, so you got this pivot low here, secondary hit, third hit, price consolidated.

[00:00:42]Another rally on Wall Street, but the interesting factor here, it was mainly in the tech sector. The Nasdaq up 1.7%.

[00:00:52]Semiconductors, the rally blows my mind.

[00:00:56]I'll say that right now in my 27-plus year career, I've never seen anything like this. Even in the dot-com bubble, it was never as ferocious as I have seen where stocks that are already 500, 700, 800 billion dollars are going up intraday 10-plus percent. Incredible amounts of upside. Now again, is it a bubble? Certainly. There's no doubt in my mind, but the question remains, when does it finally end? And we don't know that, frankly. We don't know that. And what I will say is the technicals right now are not working because the emotion in the market is driving it up so quickly. Let's be fair. The levels, the parallels blown right through in this irrational exuberance. But let's get into it. We're going to go through all the charts here and everything. The first thing right here, folks, this was your day on the S&P. It really was a lackluster day, right? We had this little gain in the first like gap [music] up, three bars up, and then the rest of the day we went sideways. So it really was not a tremendous move. The gap up, a combination of slightly lower oil prices, again, oil coming down a couple dollars, it seems to give the market juice to the upside, but then when oil goes up, markets don't really fall. On the other side, we also got the non-farm payrolls report. It was stronger than expected, and the market breathed a sigh of relief because essentially people have been worrying that the high gas prices are hurting the consumer, hurting the economy, and at least for now we didn't see that in the jobs data. Now, we all agree that later this year, could we see revisions right back down? Sure. The next year, when they do the full revision, they could easily revise it down, but the market doesn't care.

[00:02:38]As much as you and I don't necessarily trust the numbers, if the market's reacting like this to the numbers, then that's what it is. That's just what it is. SBRA >> [music] >> There's nothing that's changed in this trade or chart setup. What I am monitoring though now is this down sloping trend line. If we start to break above this down sloping trend line and confirm above, then all of a sudden we're going to hit our next resistance at $21.08.

[00:03:04]>> [music] >> That's your previous pivot top. If it does break above that, you could actually have a nice breakout to the upside on SBRA.

[00:03:13]Siri, nothing's really changed. Now that it's broken above this resistance level right here, I do anticipate a pullback to about $24.51.

[00:03:22]If that happens, then this is a good buying opportunity knowing that if it does close below this horizontal trend line at 24.51 [music] on a daily closing basis with confirmation, then this uptrend has been negated, and now we can start moving back down.

[00:03:38]FIG, FIG, never got into my level. I still like this down sloping trend line and this low pivot point right here [music] sitting at $16.71.

[00:03:47]Aggressive traders, I was mentioning this gap in the charts would be a great entry price.

[00:03:52]Even if you guys are a little bit more aggressive, here is your level. Oh, let me go ahead and readjust that. Sitting at $17.70.

[00:04:01]>> [music] >> Right now, we're facing this pivot top right here. Once we start pushing above $21.41, [music] that is really your line in the sand right now. This high pivot point. Once we do that, break out above that, confirm, then that would be the level that I would look to enter [music] Figma. If you are already in this, you're looking for a confirmation above this and then all of a sudden you're going to get this next leg to the upside, $26.83.

[00:04:27]That's your next level, basically line in the sand, looking for another push up to about $32.61.

[00:04:33]I'm not in this trade. However, I would be looking at this down sloping trend line as well. Not only this gap in the charts at 1770, but this down sloping trend line that has been support. So, if it does get back down to $16.71 >> [music] >> in this area, this is where I'm a buyer on FIG. Intel put in a nice topping tail yesterday. So, here's how we play this.

[00:04:55]We're going to take this Fibonacci extension tool after we zoom into the charts of this topping tail. First thing we got to do is look at the volume.

[00:05:02]All right, so here on This was on the 6th of May, 2026, had 157,000.

[00:05:11]I mean, 157 million.

[00:05:13]Day before was 198 million. So, now we're starting to get a little bit more capitulation. This yeah, closing price yesterday was a little bit lower volume.

[00:05:23]However, if you wanted to play this as a topping tail, how we This is how you do it.

[00:05:28]>> [clears throat] >> You will wait for about the 50% Fibonacci retracement at $111.83.

[00:05:35]If it does get above that, your next level resistance for those of you who are a little bit more conservative, [music] wait for $112.46.

[00:05:42]For me, for a day trade, I'm actually looking for it to push up to $113.36 today. And that's where I'd enter a short for a day trade.

[00:05:51]Any stop out on a daily closing basis above 114.52, that is your stop out level for this topping tail. Now, if we zoom out in the charts a little bit more on Intel, pivot top here, secondary hit, always have to look for additional resistance, and as you can see, we've already gotten rejected off that level once, and this was the second time. So, now we put in a topping tail, this could start the roll over in INTC. Despite concerns over inflation and high energy prices, investors found relief in stronger than expected US employment data.

[00:06:27]The jobs report reassured traders that consumers are still spending and the economy has not slowed dramatically.

[00:06:34]At the same time, falling oil prices provided additional optimism, helping markets maintain upward pressure.

[00:06:41]However, beneath the surface, the rally showed signs of weakness. The Dow Jones Industrial Average barely moved while tech-heavy indexes exploded higher, proving the gains were narrowly concentrated. This imbalance suggests many industries remain fragile while investors continue chasing AI-related growth stories.

[00:07:00]For now, market psychology favors optimism even while uncertainty continues building underneath the headlines.

[00:07:07]So, let's go back to the charts. Let's flip over to the daily S&P. You can see we're now a week out from breaking above the parallel. The parallel to me now is now technical support to the downside.

[00:07:18]If ever we break below it, I think that's where the floodgates really open up to the downside. But right now, we've now again held above. If you zoom out on this chart, we were below over here, but only for a few days, then we got back above, same thing here. We've never been above the line or below the line of the parallel for this long. Now, again, do I still expect a pullback in the markets?

[00:07:40]Of course. Just because markets, [music] when they get this extended, there's going to naturally be a retrace. But, the question is, is it a retrace that puts in a bear market, or is it a retrace that pulls back to technical support, and then goes even higher? And we don't know that yet. That's what the charts are going to tell us. Now, for me, I'll be watching very crystal clear this line, right? So, we knew this line was incredible for literally 6 years.

[00:08:05]So, what this means is when we come back to it, that's going to be some support.

[00:08:09]If we break below and stay below, let's say for a week again, now I think you get your bear market. As long as we hold here, then you got to assume the bull is in charge, or the bulls are in charge of the day. Okay, just the nature of the beast. Now, how high can we go before we hit our next resistance? Very simple here, and this is something I showed already. We're basically into this line, so we did kind of kiss a little resistance, but I want to be clear, hitting resistance hasn't mattered, at least in this bull run here. So, yes, absolutely, you take your highest point here, going back to the bull market high of 2025, right? This was early kind of This was early 2025, uh before we had our dip for the liberation tariff sell-off. We connected to our highest point here, >> [music] >> and that gives you the high of today, literally to the penny. Now, again, I'd love to sit here and tell you guys, "Oh, this market will get smoked right back down." But, we honestly just have to wait and see, >> [music] >> right? And the answer is is that the momentum in this market is so insatiable that, sure, it might get rejected, but I'm not as confident on that rejection until we see technical start to work again. All right, now they will work again once reality checks come back in, and money starts behaving more normally.

[00:09:24]But, right now, this is a run for anything. Buy it all, buy semiconductors left and right. That's what kind of market we're in right now. IBM, here's this level, $223.35.

[00:09:38]Up something trend line, beautiful chart. If it does consolidate on this up-sloping trend line over the next few days, then you're looking at a break of this up-sloping trend line, and then all of a sudden you're going to get a move down to $214.53.

[00:09:52]This is going to be a major pivot in the charts for IBM. So, this is where if it does again break below $223.35 on a daily closing basis with confirmation, then your next level is going to be 214.53. If you do the same type of price consolidation right on top of this $214.53 level, then you're going to have a nice crash to the downside. You have [music] this pivot top here, all this price consolidation, and I would be looking to pick this up right under the $200 whole round number. Netflix is not really doing anything. I was anticipating a little bit bigger of a sell-off after this red bar candle. We did make a nice move up yesterday. Now, as you can see in the pre-market, we're at $88.10.

[00:10:34]If we continue to flush through this low pivot right here at 86.73, then your next level support for a day trade, which I'd be looking at, is $84.59.

[00:10:44][music] Next level support below that is 82.47. So, really this is your range for a day trade. On a swing trade basis, if you're a little bit more aggressive because of this nice move to the downside from this pivot top, that would be about a 22 to 24% move, not even off the highs the all-time highs, but just off this move after this run up. So, this could be a good starter area for a swing trade, knowing that you do have additional support at 77.13 and $74.87.

[00:11:14]If you were aggressive and again got in there, that would be about an 11% move to the downside. This would be your next add.

[00:11:20]>> [music] >> Unless, of course, you're aggressive, and then you add every 5% just knowing that your stop-out would potentially be below a close below $75 the whole round number.

[00:11:31]Rigetti, here was that level $15.80. If we get back into this level, this would be a good swing trade level starter position. And then the secondary level of support is basically just below $15 whole round number.

[00:11:45]Similar with what's going on with Netflix, you've got this range right in this area for support. Once it does break below that, if we consolidate right on top of it, then you're heading down to $12.72.

[00:11:57]Swing trade level initial starter position.

[00:12:01]And then $11.35 is that next level of support after that. Get this major pivot in the charts right here. As you can see, price got rejected off this level, got a little bit of rejection, finally got above, and then it was support, support, support. [music] Even though it did pierce a couple different times, there was going to be a lot of support at $11.35.

[00:12:20]So, if it does start closing below $15, then that would be the next level that I could see Righetti going down to.

[00:12:27]Palantir, let's restore this connection.

[00:12:29]Palantir is being a lot weaker. Here's this up-sloping trend line that we broke below.

[00:12:35]Connect this pivot low here.

[00:12:38]Secondary hit.

[00:12:40]Pierce.

[00:12:41]>> [music] >> Third hit. Fourth hit. Broke below.

[00:12:43]Finally confirmed, but then we got a bid above. So, let's zoom out in the charts.

[00:12:49]Pivot top here, secondary hit, third hit, fourth hit, fifth hit. Kept getting rejected. Once we got back below it, this up-sloping trend line, because it was already broken support or broken [music] Yeah, broken support. Then my next level to the downside, and this is what I anticipate happening, is price getting back down to about $128.06, >> [music] >> and as low as about $125.05.

[00:13:11]Price consolidating right to the lower end or the bottom end of this down-sloping trend line, and then all of a sudden, this is my breakout point. This is what I'm seeing in the charts. It's likely to break out here, consolidate, finally confirm, and then all of a sudden, we're going to have a next leg higher in Palantir.

[00:13:29]Now, if it does close below $125, whole round number, on a daily closing basis, then I would look for my next level support on Palantir.

[00:13:40]My next level support on Palantir really isn't until this major support at 9772.

[00:13:46]That would be where I would look to pick this back up for a long play. Yeah, you're going to have a little bit of um price consolidation right here at $111.81.

[00:13:55]But again, because this is such a major pivot in the charts, if it does break below that and confirms, you're dropping quite a bit lower on the chart of PLTR.

[00:14:04]The semiconductor sector has become the heartbeat of the market. Companies like Intel, Nvidia, AMD, Micron, and Taiwan Semiconductor continue attracting enormous capital inflows as investors bet aggressively on the future of artificial intelligence.

[00:14:19]Intel surged again after reports emerged about major chip manufacturing agreements, while Nvidia and AMD extended historic runs higher.

[00:14:28]Traders are ignoring weak earnings, high valuations, and technical resistance levels because momentum remains overwhelmingly bullish. Analysts warn that this type of behavior often appears near speculative peaks where fear of missing out becomes stronger than rational analysis.

[00:14:46]Yet in the current environment, every pullback is quickly bought as investors anticipate even larger future gains.

[00:14:54]Same thing on the Nasdaq. We bring up the Nasdaq composite, and what we see again, a great day. So, while the S&P was only And by the way, the S&P was up 0.8%. So, it was an okay day. Nasdaq 1.7%.

[00:15:07]So, that was a great move, but look at the Dow Jones today. Dow Jones Industrial Average, the Dow Jones was barely green on the day, only up 12 points. Now, what does this tell us? Does this tell us that the rally is broad-based? No, it doesn't.

[00:15:22]>> [music] >> And so, I mean I want to be clear. There are warning signs, right? There the the breadth of the rally is very weak. All right? But it's still a rally because you have companies that are 5 trillion in video, 2.something trillion um Broadcom, Taiwan semi 1.8 trillion, whatever it is. You have Micron, which is now an 800 plus billion-dollar company, Intel, which is now a 600 billion-dollar company. These companies, when they go up 10% in a day, you could have every other stock down and the markets are still going to be flat to positive. Now, we didn't get every stock down today, so obviously markets were up a little bit. But when you see the Dow down or flat, Dow was up 12 points today. 50,000 um index, 50,000 point index, 12 points, basically flat. Number one, that's more defensive names, but number two, the S&P's lack of performance with the Nasdaq tells us that the broader market was weaker. So again, still a market we must respect with the move here. Got to respect it. But there absolutely is a run for semiconductors that is literally because now you have over 15 trillion dollars in US-listed semiconductors. I mean, think about this. The US GDP is 30 trillion. So you're telling me the semiconductors alone make up half the entire economy?

[00:16:43]Maybe. Maybe they do. Maybe they do.

[00:16:45]Markets say they they do. Um but again, if you look at the rest of it, it's not as rosy. And you can go through the list today. I was looking at banks were down today. We had a bunch of other ones. No doubt a run for the semi trade, the AI trade. All right. Let's go ahead and STX was another stock you guys requested.

[00:17:06]I'm looking at the $800 whole round number. We are getting this nice extended move to the upside. We've got to monitor up something trend lines >> [music] >> because that gives us an idea of where the trend is currently sitting.

[00:17:18]I know we have this outlier right here where price did get below it.

[00:17:21]However, as you can see, price consolidated on top of it, broke below, never really confirmed, [music] and then got back above it. So, this is what we're waiting for. We're waiting for a final move below this up-sloping trend line with confirmation, and then all of a sudden your first level support is going to be basically just below the $700 whole round number. Once it closes below that, I do anticipate STX, based on this extended move to the upside, coming back into this up-sloping trend line connecting this pivot top from the 22nd of January 2025, secondary hit, third hit, fourth hit. [music] We actually did break above it and then retrace to the scene of the crime, but we never confirmed above it before it retraced. So, I like a confirmation and then a retrace. So, that's is This is why I do anticipate coming into this up-sloping trend line. Depending on when it hits, it could be at basically 580 bucks. Not only would this be a gap in the charts, but if it did that on um the 5th of June, that would be not only a gap fill in the charts, but this up-sloping trend line.

[00:18:28]So, for me, I'm still monitoring this up-sloping trend line right here for a break below, and then [music] that's when we're going to get this bigger flush out in STX.

[00:18:37]SATS, I don't really have a lot of information on this chart. We did try to break above the all-time high, had this huge reversal candle. So, if I was looking to short EchoStar Corporation, I would look [music] to start at maybe not quite $137. I would wait for a pierce of 140.

[00:18:56]It would get above this, get all the stops out, and then you'd look for a flush out. And the reason I like the $140 level is [music] it would give me a clear stop out level as well. If it does get above this, confirms, and then doesn't get rejected at 140, then all of a sudden you're getting a nice move to the upside and so I'd look to stop out of the trade. And then let's monitor up something trend lines pivot low here, secondary hit. Look at how this up something trend line is being respected at least for the moment.

[00:19:23][music] It has tried to get below it. It's gotten pushed back above.

[00:19:27]This was the first hit, second hit, third hit, fourth hit. This up something trend line is getting weaker and weaker.

[00:19:33]So the support is [music] kind of waning on this thing.

[00:19:36]If it does break below that, your next level of support is $104.84.

[00:19:41]So if you're looking to dollar cost average into it or if you've already exited some of the trade, then this would be your next level of support on ASTS and basically your line in the sand.

[00:19:51]If it does break below that or when it does, then you're coming back into this pivot top right here at $85.35.

[00:19:57]And again, that's going to be another pretty solid made pivot in the charts. And then below that, you've got this up something trend line right here at about $65 or $66 pierce.

[00:20:09]Market technicians are closely monitoring support lines, trend channels, and momentum indicators for clues about when the rally may finally slow.

[00:20:19]Several major indexes have broken through long-standing resistance zones, something rarely seen without substantial corrections afterward.

[00:20:27]However, technical analysis has struggled to keep pace with the emotional buying pressure driving markets upward.

[00:20:34]Even when stocks hit historically overbought levels, buyers continue stepping in aggressively.

[00:20:40]Analysts are watching critical support levels on the Nasdaq and S&P 500 believing a confirmed breakdown could signal the beginning of a broader correction.

[00:20:50]Until then, bullish momentum remains dominant with traders continuing to reward every dip as a buying opportunity.

[00:20:58]So again, we'll continue to watch it going back to the Nasdaq composite here.

[00:21:02]And by the way, it's interesting that the Dow has not made a new all-time high while the S&P has. But look at the run now.

[00:21:09]In 5 weeks, 5 weeks, 27% move in the Nasdaq. That is absolutely [music] stunning.

[00:21:19]And again, it's the only time this vertical move has occurred at this magnitude where we've hit new all-time highs. It's never happened before in the markets.

[00:21:29]And again, I think that's just that is remarkable to think about. All right, so let's go through a few different things.

[00:21:34]So, number one, the 10-year yield today on the back of a jobs report that was reasonable. So, a lot of people are now saying, "Wow, the Fed might have to hike rates." Not going to happen. Listen, they're not going to lower rates, either. They can't. Not with inflation jumping because of oil and the strong jobs report number. I mean, strong is arguable. It was over 100,000, but it wasn't like it was 300,000. But, the answer is there's no way Kevin Warsh being appointed by Trump is going to >> [music] >> raise rates. Now, he's not going to be able to lower rates. The other players on the on the panel of the Fed the Fed governors won't let him lower rates, but he's certainly not going to raise it.

[00:22:08]And I think the market knows that, right? So, if we go to the 10-year yield today, 10-year yield was down slightly on the day in spite of the move in the markets and risk assets. Now, not all risk assets participated. Bitcoin barely higher today. Now, Bitcoin again has achieved my general target zone of 80, 85,000. Again, I've moved out of my Bitcoin. I've sold a few more altcoins today, took some profits there, but I'm still holding a few altcoins just in case we get that one big pop to finalize this mega risk asset rally. But, I'm certainly getting more cautious on those. There's no doubt about it. All right, let's go to the chart here of Let's see here. So, let's look at Intel today. I mean, look at this Intel move, guys. Middle of the day, you could see it here on the 10-minute chart. They basically inked I believe it was a deal with [music] And I'm just going to my hang. Intel struck a preliminary deal to make chips for Apple after year-long talks. So, again, we had heard this rumor already that had sent um Intel up. But, the way this market works, >> [music] >> even though Intel already gained like 20% on that rumor, it gained another 15% today on [music] that on that deal. Um it's just the nature of it, folks. This is the market we are in. These when it's good news, you're getting one, two, three multiple days upside, the rumor, the actual news, the follow-through. And then on bad news, the market's saying, "Eh, who cares? Buy them anyways." And you could see that because some of these semiconductors reported mediocre to poor earnings. Like CoreWeave, right?

[00:23:39]CoreWeave was down today.

[00:23:41]SOXX did have this nice reversal candle.

[00:23:44]Still, we got to respect the up sloping trend lines.

[00:23:48]You can take advantage of these minor moves, but really look at this trend line. [music] Look at how it's respected it. So, first hit, second hit, third hit, fourth hit.

[00:23:58]If we drag this up a little bit more, every single time this up sloping trend line's been hit >> [music] >> with no volatility really in the chart of SOXX, this is why we're continuing this up move. What I like to see is some movement like this, right? Where we have this nice move up, and then all of a sudden a 16% move to the downside. But, now we're having minor pullbacks. We're having 6% pullback in the SOXX. That's not a very big pullback. So, here's the line in the sand, up sloping trend line.

[00:24:30]This actually has to break and confirm below. Then what we'd look to do is play this on a retrace to the scene of the crime after it pushes up through all-time new all-time highs. That's when we're going to start getting rejected.

[00:24:43]For me, this is a little bit more cautious as far as what I would look to trade this. It appears at $500, as you can see, we did close above that. Got a little just a minor rejection, and now we're trading back above $500. So, we got to identify where the next level of resistance is, and that's 525 and even as high as 550 bucks if we continue the momentum in the semiconductors.

[00:25:07]TLN uh Talen Energy Corp.

[00:25:11]Couple different things I'm looking at.

[00:25:13]Here's a down-sloping trend line.

[00:25:16]I don't like this down-sloping trend line so much.

[00:25:20]So, we're going to connect another down-sloping trend line. We're going to take this pivot top right here.

[00:25:25]This I like a little bit better. And I know it's gone through price consolidation, but it gives you an idea of where it got rejected every time before it broke out. So, this is a minor down-sloping trend line for me.

[00:25:37]This is actually putting in or put in a nice bull flag, consolidated slightly lower, continued to stay on top of support, got support right here at this pivot top around 300 bucks. Now, we're pushing higher. If TLN does push up above $424.87, your next level of resistance is going to be 500 uh $450.

[00:26:02]This is where I'd look to start an entry point for a swing trade short. [music] However, this is still a nice bull flag, and so if it could go above that level, if it does clear 450, then your next level of resistance is going to be $500 whole round number.

[00:26:17]>> [music] >> PWR, I don't have a lot of information on this chart. So, if you're long on this trade, congratulations, you've taken [music] a substantial profit.

[00:26:27]Look at this up-sloping trend line here.

[00:26:30]Let's see if we can find a hidden trend line. Maybe connect these pivot tops here. Look, we're through a lot of this.

[00:26:37]This would be my first level. Okay, so you got this pivot low here, secondary hit, third hit, price consolidating, got rejected here. So, this could actually start signaling more of a top is in than a continued move to the upside, especially now that we're through the $750 level.

[00:26:53]If you're a little bit more conservative, you'd wait for that $800 whole round number, and that's where you'd enter your short. If you're more aggressive, I still like this 560 uh 556 level.

[00:27:05]>> [music] >> That is a great starter position knowing that we have closed above it, and so I do [music] anticipate now with this up sloping trend line um break recapture to the downside, we're going to see a move back down to about $623.

[00:27:18]Or could even hit this up sloping trend line again.

[00:27:21]First hit, secondary hit, third hit of this up sloping trend line, I am a long I'm going long for a swing trade on P uh PWR. While semiconductor stocks soar, traditional safe haven assets have failed to attract meaningful momentum. Gold and silver remain mostly flat despite market volatility, while Bitcoin showed only modest gains.

[00:27:43]Energy prices fluctuated on geopolitical headlines, particularly surrounding tensions involving oil shipping routes and global supply concerns.

[00:27:52]Investors appear focused almost entirely on growth and AI-related opportunities, rather than defensive positioning. Even utility, banking, and industrial stocks struggled to keep pace with technology shares.

[00:28:05]This growing concentration raises concerns about market breadth, as only a small group of mega cap companies are carrying the broader indexes higher.

[00:28:14]Historically, such narrow rallies can become vulnerable once sentiment shifts.

[00:28:19]Um but what we've seen, CRWV by the way, I mean this thing actually got hammered today down 11.4%.

[00:28:26]But we also had other stocks out there that dropped on earnings, like Arm Holdings. And Arm Holdings, same thing, it's kind of down, but it's barely down on those bad earnings or sub par earnings. So again, people are buying any dip even if it's on earnings that are not the best out there, and that's just the nature of the type of market we are in right now. All right. Where else do we go? Let's go over to gold right now and take a look at gold. Gold up ever so slightly today. Notice how gold was green on a stock market up day, but it it's not screaming. And that continues to be a little concerning to me as it's it's really behaved like a risk asset.

[00:29:05]All right, silver same thing. Silver little bit of a close to retest of 82.

[00:29:11]Now, next week if silver can get through 82, it can go to 92 to 93. Okay? Uh same thing on the downside. If it starts to fall and takes out 71, it should go down to 64 to 66. But again, right now this is resistance on silver. Now, in terms of trading silver or gold, they've basically gone to sleep. Like I want the volatility. That's where I am going to look to trade. And right now we don't have that volatility in the charts. All right, looking at oil again, I mentioned oil, folks. Oil was down a little bit today on the back of you know, again, this is one of those things where we one day we hear that oh, shots are being fired between ships. Iran's firing on the US and the and oil goes up 1%. Right? And then we hear oh, but maybe there's a deal. And oil drops 3%, right? And the markets get this big move to the upside. In reality, the Strait of Hormuz is still closed, but the market goes up beautifully when that oil price falls. It doesn't really fall when oil goes up. Now, that could change at any time, but what that's telling you is the psychological nature of the market right now. The money the money that's searching out is saying I don't care about bad news. All I care about is focusing on good news, and therefore I'm piling into the market relentlessly. And that's just the way of the market is right now. Okay? So, that's oil. Uh natural gas today, guys, didn't do much, down just a little bit.

[00:30:35]I continue to have a small long in natural gas just because again, I I think it's beaten down compared to oil uh on the charts. I'd love to see next week it take out the $3 level. If it can, I think it can get a bigger pop there. And then Bitcoin, we already discussed Bitcoin, but again, Bitcoin just got a minimal little uptick today, nothing much. And really again, I would just point this out. Gold didn't do anything, flat to positive. Silver didn't do anything, flat to positive.

[00:31:03]Natural gas didn't do anything, flat to negative. Oil was down fractionally.

[00:31:08]Bitcoin was up fractionally.

[00:31:10]Dow was flat. S&P gained a little bit.

[00:31:14]Where was the momentum? Semiconductor chip stocks, tech. That was the momentum right there. UiPath.

[00:31:23]>> [music] >> uipath or p a t h for the stock ticker.

[00:31:28]We have this nice dip all the way down to this low pivot.

[00:31:31]Price got to this level at $9.38.

[00:31:34]Now we're starting to make a little bit more bullish consolidation off of that bid.

[00:31:39]On the upside, we need to clear $11.28 or $11.30.

[00:31:44]That is your line in the sand. Once you clear that, then all of a sudden PATH has [music] a clear path all the way to this down sloping trend line. There will be some rejection rejections along the way, but this would be where my upside target would be. And that would be around $15. And again, really depends on when it hits this down sloping trend line.

[00:32:06]For you bulls, what you want to happen is you maintain this bullish consolidation right underneath this resistance level, and then price consolidation below $12.47.

[00:32:18]That's going to be a lot of resistance.

[00:32:20]And then you've got this gap in the chart right here at $14.12.

[00:32:24]If you're continuing to hold, you want this down sloping trend line on PATH to break, confirm above, and then all of a sudden you can make another run all the way up to about $19.82.

[00:32:35]ADURO Adoroclean [music] Technologies.

[00:32:41]I don't really have a a good read on this chart. Down-sloping trend line's right here. We did start to try to break above it.

[00:32:49]If we get rejected again, if we get back below, then I could see ADU Excuse me, ADUR going down a little bit more. Uh for my for me, I would actually wait for this gap in the charts right here at $9.28.

[00:33:03]This is where I'd start picking [music] up this chart uh this trade for a long play. For the those of you a little bit more aggressive, right now, you it is leaning a little bit more bullish now that we've broken above this down-sloping trend line. Your next level of resistance is going to be sitting right here at 1542. [music] And then your next resistance after that is going to be double top at $17.66.

[00:33:25]SYS had a nice sell-off.

[00:33:29]Originally in the charts, you had this major pivot. We got below it, retested, retested, retested, gapped above, finally confirmed, came back in and retested it. So, right now, the fact that we've gotten back into that level at 821, trading now currently at 825, this could be a great intro point for a starter position, knowing that you could always stop out of that level or look to dollar cost average down to about $7.73.

[00:33:55]On the upside, here's what we're monitoring.

[00:33:59]Pivot top here.

[00:34:00]Secondary hit.

[00:34:02]Not quite hitting this down-sloping trend line. So, this is your next level of resistance >> [music] >> once we come back up. You can retest this $9 whole round number level. And then once we break above that, your next level of resistance is going to be $9.35.

[00:34:16]This would be the third hit, so this is where I do anticipate a rejection. I'm not shorting into that level. I'm just mentioning where the next level of resistance is. For the bulls out there, you need to recapture this down-sloping trend line to the upside, get back above $9, and then all of a sudden you can have this next leg to the $9.79.

[00:34:34]This can be a pretty solid gap in the charts. And then your next level of resistance above that is $10.11.

[00:34:40]ASTS is the last chart on the trade on [music] the on the docket.

[00:34:45]Pivot top pivot low here, secondary hit.

[00:34:48]Third hit. This was your buy level. Got a nice bid. I did mention this up sloping trend line, it hit again, closed below, didn't confirm, got re attacked it, try I got back above, >> [music] >> and then we're rejected again. So, if you guys have watched my technical analysis videos before, the more often support levels get tested, the weaker those support levels are. So, originally, $68.16 was my level, but now that we're already broken through that several times, I am not a bull on ASTS.

[00:35:22]I would be waiting for this high pivot point right here at $60.93.

[00:35:27]That's your first long play. Once it does break below that, your next level of support is going to be $53.23.

[00:35:34]Like I mentioned in some of the other charts, we've got to monitor down sloping trend lines if we're in a current downtrend. And as you can see, this is a really steep downtrend.

[00:35:45]We're trying to break above it, but we're really failing to do so. So, this is really negative for the charts of ASTS now.

[00:35:53]It was looking more bullish after this retest of the sub sloping trend line, but now I'm more of a bear on this thing. I'm not going to short, but I'm just identifying $60.93 as the next level of support. [music] After that, major pivot in the charts, price consolidation right here, got rejected, [music] finally recaptured it, broke below, then recaptured it again, putting this other major pivot in the charts before this huge move to the upside. There [music] will be buyers sitting on a technical basis at $53.23.

[00:36:22]So, this is where I'd start picking it up. Again, this pivot top right here at 60.93, that's for aggressive traders.

[00:36:28]I'm a little bit more conservative, so I'd wait for another pull down. If it does start closing below that, you got to identify where your next level supports are. [music] So, here in the charts, previous gap, you could head all the way down to $42.55, but this is being really, really, really negative on ASTS. The defining question facing investors now is whether this represents a temporary speculative bubble or the beginning of a long-term technological transformation.

[00:36:56]Supporters argue artificial intelligence could reshape the global economy for decades, justifying higher valuations and continued expansion.

[00:37:05]Critics counter that many semiconductor companies are already priced for perfection, leaving little room for disappointment. Market veterans caution that periods of extreme optimism rarely last forever, especially when gains become detached from fundamentals.

[00:37:21]Still, predicting the exact turning point remains nearly impossible.

[00:37:26]For now, momentum continues favoring AI and semiconductor stocks, but experienced traders are increasingly preparing for the possibility of sharp corrections ahead.