Good morning, good morning everybody, 4/1.
New month, inflows, action is average at best, it's not great, and we need $NVDA to get back through 922 today. And then we see, then we see, then we see.
$SPX was up, what, 15, 10, something like that, so let's put it at 4265-4270, you got 4283, 4291, downside 4252, 4231. Okay?
$AVGO, a little bit better, it was at 1338 in the morning, now it's down 10 from there, you got 1352, this is week 5.
Guys, I keep telling you that's study I did. It's always been 95% accurate, but now it's 100%, the last 6 months. $AVGO, not great on earnings, can't get through 1400. Very simple, 5 weeks.
$SNOW, right where it was on earnings, can't go up, 5 weeks.
I mean, $ADBE, 4 weeks, can't go up.
It works, so anything that goes down on earnings, if you're buying it, you don't understand the basics of trading. I don't care what your chart says, I don't care that they get 15 upgrades, Sam's study is Sam's study, and it works. Okay? Very straightforward. Okay?
$NVDA, 913 to start with, then 922. Okay? And anything over 952 screams, underneath 891, bad.
$ASML, needs 1000 and 1006. Now, we're going on 3 weeks, it can't get through 1000. So what do you do? You wait till it gets through 1000, closes, then you attack it, but not till then.
$LRCX, can't get through 1000, same thing.
$VKTX, not doing anything, nobody's even talking about a takeover, I have no idea what's going on, we may or may not hold these.
$LLY, 800, can't get through 800. Don't force trades. Okay?
$PANW, 277 down, 301 up.
$CRWD, you have a massive data breach at AT&T, and this is one of the worst data breaches there's ever been. And you know why this is worse than all the other ones? Guys, come on, type it in comments below. Why is this one worse than a lot of the other data breaches?
Come on. Well, it had a lot of peoples info, but this has your social security number. Because they used credit, to pull your credit, to give you an account. So this one is worse. This is worse than all of them. Okay? So interesting, interesting. Okay? So understand that. And then we see.
$DJT, this is on the screen because when this dies, it's going to dive 20-25. I don't know when it's going to die, but it is. Okay?
$AMD. 186, 191, under 172.
$SNOW. I actually like Snowflake, but I like it for earnings. So I like the $200s, probably eight weeks out. If you can get them for $2, they're going to be fixed, because they're a stupid price. But if you can get them for $2, it becomes an interesting play. Not for now. It's not going to move. Okay? It's not going to move. It may go up $3 or $4 or $5 or $6 or $8, but that's it. Okay? It's a sucker trade. Don't do it.
$ARM Underneath 119, bad. Through 142, good.
$GS, trying to move. 422, 428. Underneath 416.
$CVNA 91, 93.
$MSTR. This got all the way to $1,900. It even got near. So if Bitcoin can get through $72,000, this will scream.
$COIN. 288, beast. Have $288, beast, out there. Okay? On your screen.
$META. 511, 522, beast. Okay?
$SMCI. $SMCI. The $1050s, which are 35 points away (on a Monday), when they get back down to about $8, 35 points out, that means everything will be back to normal. Don't be paying $30. Yeah, maybe it goes, but maybe you lose $30. Don't do that. The $1,100s are 100 points out. If he gives them to you at $1, it becomes an interesting play. If he wants $5, it's a sucker trade. Don't do sucker trades. These have become sucker trades because they move so much, and now they're not moving. So if they're not moving, if $SMCI doesn't move 200 points a week, why would you pay 200 points up $5? It's just a sucker trade. Don't do it.
$NOW can't get through $791, no matter what. Every time it gets there, it drops $40. Not $10, it drops $40…
$MSFT, up a little bit. 428, 431.
$TSLA numbers tomorrow. Now look, Elon may be a genius, but he's not Sam. Okay? You can say it however you think. But all he has to do is lower the price of FSD to $50. He's got 6 million cars out there. 6 million add a $0. $60 million, and times it by $5. It's $300 million. Okay? He's going to get half of that if he does it at $50. At $200, he doesn't even get a quarter. Okay? He doesn't. I don't care.
People have been sending me messages for 3 years saying how good FSD is. It doesn't matter. It doesn't matter. The goal is to get everybody on it. To make more money. And he's always been greedy.
And let me tell you, the other thing, problem with Tesla, because he keeps lowering and raising prices because he doesn't use the standard, what he should do is issue rebates. If he does a rebate, then the price of the car doesn't go down. The price is the price. It keeps the wholesale value and the retail value higher. And he doesn't understand that. So just understand that. That's what he's doing. That's what he's dealing with. Now, if the numbers are really bad, they may just say it's really good. It pops up to $185, and then dies from there. But he's in a world of hurt.
Everybody have a great day. See you in chat.
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Weekly Plan 04.01.24