What's going on, ladies and gentlemen, happy monday to you welcome back to another week in the market, which really so far, isn't all that exciting again, the market we're going into summer summer generally tends to be a slower market. That being said, the watch list today isn't all that crazy. We're really just going to go back over gamestop we're going to go back over the market and we'll talk about a couple of the hot stocks. Today, when i say hot they're, not even really hot, it's just the main talking point that most people are probably looking at.

But i think today is probably going to be a day where we're going to have to keep a close eye on scanners, because that's probably what's going to alert us alert us of moves. We haven't already seen or aren't expecting to see in the market, so uh. The first thing we'll do is we'll go over gamestop for those of you that watch the channel and watch the watch list on friday. You'll remember.

We suggested gamestop bearish and with price targets as low as 155 to 146 um or 150 anyways. We got all the way down to 153, so we hit our price targets yeah uh on on friday, for that play, we're still bearish game stop overall, and we do anticipate game. Stop price will continue to go lower. So that being said, our next price target - or let me rephrase that our price target on friday was for the market to fall all the way down to this white trend line.

So we fell all the way down to the white trend line. We expected the market. Would bounce here you can see the markets bounce now we're expecting when we get through the price point of 157 successfully. When i say successful, it means momentum continue, or that means momentum is shifting down and wants to continue down.

So when that happens, we should see the price of game, stop all the way down to 117 to 120.. So for right and there's also this level, you can see this kind of by the 50 moving average. So pretty much put it this way when the price gets all the way through 150. We should see about a 30 point decrease to about 120 to 117, or so so right now we're basically projecting this.

This downtrend we're seeing on gamestop it's going to continue swinging until the price action is retesting this previous bottom and that's going to be the regression trend area, which is 115, 116, 120, so on so overall staying bearish gamestop. I think that's, i think, there's a good chance. We see the 1 120s even this week, so overall bearish gamestop gamestop down all right. The next thing we'll take a look at here this morning is whlm.

I'm not really crazy about this, but i know people are talking about it because it's the one penny stock today that went all the way up and crashed all the way down over the past week or so maybe even three weeks we've been seeing a occurrence of Stocks that would do this random jump straight up. Then they crash and come down, and then they have these random crazy bounces. So i'm not a big fan of trading them. I normally don't trade them just because it's out of my comfort zone, but that being said, we haven't seen that random kind of occurrence of stocks go up crash.

Then have these really random, weird bounces throughout the day? And it's always the stocks that have big range and when i say big range you can see yesterday or whatever last trading day. We were down here. Fives, you know sevens, it goes straight up to 13 and it goes from 13 down to like so far eight. So from the move from 13 to eight, you know that's a that's four or five points, so you could usually see you know.

One dollar two dollar per share moves up in this instance, so anyways keep an eye on whlm. I don't have a really big great analysis for it um, so i'm just not even going to go over that much other than i think you can see resistance at 878 and 950 that causes this market to roll down um. So, for the time being, we're not really doing a whole lot with whlm. We were considering being long on it at some point um, but we'll see it's.

Okay, like i said, there's really nothing in the market today. That's causing me to be super excited, and it's felt that way for the past past couple weeks and it's going to continue to be that way. So other thing we're keeping an eye on that. That's kind of a so-so is tesla.

Tesla had a gap up today it got a price target, upgrade i'm not really crazy about listening to price target upgrades um. You know to be completely honest. I think my price targets are more accurate than half the price targets. I see other analysts giving so again.

Price targets in me are all just all nonchalant. You know at the end of the day, um so for what it's worth, they got a price target upgrade like a thousand or something like that, and the stock jumped a little bit. I don't really see a need to be extremely bearish on tesla, but i also don't see a need to be extremely bullish on tesla um. So today, if we're going to get a pop or a or a long move on tesla, really we're probably going to be looking for um.

Let me just redo this because i know there's something here: there was an over under level right: okay, yeah! No! It's here! So if we're gon na get a long move on tesla, really we suggest that at most it's probably up to 704 and it if it's going to happen and we got to get through 68 689 because 689 is um. That's the 50 uh 50-day moving average. So anyways, to put it simply tesla. If it's going to be a long, it's got to get up and it's got to go to the price point of 688 to 689 or so, and then it has an atmos target on the day of 707, which is really hard to do.

Considering the intraday atmos is 700, so again tesla's kind of an in the air one today and then all that i'm really going to do is just run over the s p and then the nasdaq really quickly. So for those of you that follow a channel as we had mentioned, the market was going to go to an all-time high. Obviously i mean it's pretty straightforward, so markets into an all-time high. That's good! Um! There isn't big big resistance on the spy that would cause it to come down, but the nasdaq is getting to what could be seen and a lot of times used as bigger resistance.

So, what's most likely to occur this week would be nasdaq rejects the all-time high breakout on its first attempt. What i mean is if we look at the nasdaq right now. This was the previous all-time high. Okay, now we go down into this big dip and then we come all the way back up to the all-time high for the first time since we put the high so again we put in the all-time high, we pull back.

This is the first time this price has made it back to the all-time high first attempt: normally, it fails and you're going to see this pull back. Okay, so we're most likely going to see negative prices throughout the remainder. I would expect probably the remainder of this week going into next week or so, but give it about a week and a half period. Maybe two weeks so take a two week period and we should see bearish movement on this on the nasdaq here and that bearish movement is most likely what's going to kickstart, a pullback in the s p, 500 and then the s p 500 will probably decrease in Price back down to its nine-day moving average.

So pretty much put it this week, you're most likely going to see the nasdaq hit resistance here around the price of 337.90 to previous all-time high slightly over slightly under and then we'll see a pullback and then when it pulls back. That's when you're going to see the s p, pull back off of this bullish, move and retrace a little bit closer to the nine-day moving average. So again, the prediction is this week: nasdaq hits resistance and the resistance on the nasdaq is what's actually going to kick start some of the pulling back or emotional selling pressure into the s. P.

500.. All right guys! That being said, everybody take care, have a great rest of your day. Hope you guys learned something new from the watch list and i'll catch. Everybody on the next video, which is just tomorrow, have a good one.