What's going on guys welcome back to the channel sorry if this video is like a little glitchy for some reason, i wake up today and my camera wants to be all stupid. The life of a youtuber goes wrong every other day, so uh. That being said, let's uh get rocking and rolling, so we're gon na cover gamestop, we'll talk about nvidia, we'll talk about the vaccine stocks because those are moving today, because johnson and johnson's vaccine is on pause because, like six people got blood clots, anyways uh, we will Also, take a look at um. What else is moving the market's moving pretty hot right now, because cpi came out and the market likes those numbers, so we're gon na go over all the good stuff here this morning, all right so we're gon na first start here with gamestop.

So again, gamestop's current target on the downside is still one uh 120 or 118 okay. So let me get over here: let's go back all right so again, right now, gamestop target is all the way down to 118 dollars. I'll show you how we get that this is the 180-day four-hour chart we're going to look at this dotted line here. That's where we're going right there and then we're also going to go to the daily chart, because we always look at this too, and you have this solid white line.

We're going there and you'll see that those two trend lines match up right on the bottom of this previous dip. So right now the market on gamestop is targeting all the way down to 118, pretty much 118. 120. Okay.

So when the market gets all the way down into these prices here of 119, 120 116 ish, then we're going to look to watch, uh, gamestop, long bias, okay and then we're going to bounce the market there most likely at least some sort of bounce. Okay. Next, one on the list we'll talk about is nvidia, so nvidia had a really strong jump. Yesterday, we're continuing to watch this stock long bias.

The all-time high is six dollars or not six dollars. Uh 614 dollars two support levels on the way down are 605 and this 599. You know 49 level, okay, so two support levels on the way down are here and here, but ideally we want to see nvidia continuing up and pushing into a new all-time high today, if it doesn't that's fine either way like i said, we can look for dip, Buys all the way down to as low as 5.99 on nvidia today. Part of the problem, um, you know with being long, is that theoretically, it's still a first attempt move at breaking highs, but we try to go up here here here and failed we're coming up.

So really, we've already tried these prices almost four times, so i feel like nvidia, has a good chance of finally getting through the all-time high and if, in the event, it does break the all-time high today um, i would imagine we're for sure, going to 6 18 And then, let's see what else we have 6 18 next would be 6, 47, 650 and 638. So for like a legitimate full break out here i would say we could see nvidia as high as this 637 for now so um we'll see we'll see what happens. Uh so with that being said, that's nvidia! That's all we really have there uh. Let's also take a look at the vaccine stocks here.

So first, starting with the mrna you'll, see that mrna had a really big jump this morning. It's all because jnj's vaccine paused because of blood counting happening in a few cases, so therefore that's a positive catalyst for mrna and nvax or pretty much any other vaccine related stock. That's in direct competition with johnson and johnson. It becomes a positive catalyst for those companies.

So again, since johnson johnson's vaccines pause all of its competitors, stocks go up because they're in direct competition with j j, so theoretically taking away a portion of your competition is most likely going to boost you all right. So mrna has jumped up and right now we kind of have an atmos target well for pre-market. Our atmos target was 150 337. Here we didn't even get there um and then our overall target would be as high as 153 over the course of like the week or going into next week, or something like that.

So for now we're not extremely long bias, mrna um, but again at most. We wouldn't really look for anything more than probably uh, like we said 153 for right now to one what was the other one: 156 yeah 153 to 1, so yeah, nothing more than 149 to 153. Right now, on mrna, okay, take a look at nba x. Nba x is again, it went up this morning, but same thing, we're not looking for anything more than moves up to 204 and these stocks were probably not even going to be trading or looking at today.

Even close to 204 or any of the price targets we mentioned enough, those are more of like swing targets. You could expect at most over like the course of the week all right, but what i did want to mention is just taking a peek at some of these to show you that they've had pretty aggressive moves so far, given the news with johnson and johnson another Stock, i want to bring to your attention is nvcr, so this is a stock that just went up dang it. I missed my bounce trade, lame. You see these two lines here this line and this line, that's where i was going to buy my bounce so sad.

So sad wow, that was from 210, 209 220. It's already a 15 point bounce and i had it mapped off an hour before it happened, lame so anyways i'll show you how i got the bounce target too. So we were watching the stock today we wanted to be short bias on nvcr, but we only wanted to be short. If we got the prices of 276 to uh 298, we didn't quite get there and it sold off before so i was going to wait to buy the bounce on this down here, but it happened as i was making this pre-market watchlist video um.

So let me show you how we got this as the bounce target right, so we're going to delete those lines all right, so nvcr starts crashing crashing crashing when's it going to bottom where's it gon na bottom i'll. Show you go to the four hour chart all right, so in this instance the stock is crashing down crashing down crashing down crashing down all right, i'm gon na go to the d, so so before it gets there right so say, the price is like that here At 227, so as it's at 227 and it's falling falling falling falling falling, i would look for my next long-term trend that it could run into so based on the four-hour chart and uh this this daily chart, as the price was falling down. Those two trend lines see that this one here this comes from a 365 day chart boom, and then we go over the four hour chart and you'll see that that one, let me delete it comes in here boom, so that is the stock nvcr falling pre-market down Down down down down into longer term trends which are going to be used as support, and so basically, when nvcr started crashing here, which was you know, maybe 25 minutes ago i looked at the chart and put those two levels on so 20 minutes ahead of time. I already had a pretty good assumption where the stock would most likely bounce at.

So we wait for the stock to get into those price levels and if we see the volume and then look at the volume right so map out those price levels and then as the stock gets into those levels. If we see the volume kick in positively that favors your analysis, then we take a trade, so you can see we come down all of a sudden. This candle goes from, you know being mainly red to like fifty percent right and then all of a sudden. We start shifting to a bye.

I can tell you, there's going to be probably a bounce, okay, all right next stock on the watch list, real, really not the next stock, but the market. So we're going to look at the nasdaq. The nasdaq started. Jumping up this morning, based on cpi numbers, which, if you ask me you're just basically a bunch of um, you know they're trying to say, there's not inflation, but we all know that's garbage and there is inflation um.

So for me i am still on slightly bearish on the market, because again this is a long-term trend, regression trend so a lot of times more often times than not we're gon na see sort of hesitation and a rejection here, so we're still performing great the market's Still moving positively, but i do anticipate we're gon na see some sluggishness around these prices of 338 to 340 around this all-time high, where we do kind of hesitate and then maybe pull back for a week or so before, actually going through the all-time high. So again, nasdaq up, but i believe coming into resistance and then the same thing with the the spy. The spy is continuously going up in trend, but i believe when the nasdaq pulls back, that's what's going to set in the pullback on the s p. 500.

So with that being said, ladies and gentlemen, everybody have a great rest of your trading day and i'll see you guys in the next video take care.