Traders I'm looking very forward to sharing my top ideas for the upcoming week with all of you um and as I went over in my most recent inside access meeting um it pays to be nimble in the current market open-minded um and really respect critical levels um now while I was bullish coming into the week last week once the market broke below critical support ban near 555 um below declining 5day moving average of course and we experienced exceptionally weak Market internals from the gecko on Tuesday day one of the week with Monday being a public
holiday um the trend was your friend the trend has been your friend and fantastic short setups um therea presented themselves now namely as I discussed and and reviewed in detail in the most recent IA meeting um semis and specifically within that Nvidia um really on the short side presented some of the top opportunities for myself and many other Traders on the desk now for the upcoming week uh here's where my focus is now obviously this can change in an instant uh endg on breaking news or any significant directional overnight gaps um but let's start off
with the first idea that's going to be in Tesla uh we can keep it on the higher time frame here now the the overall idea with Tesla is is is really after displaying some relative strength for multiple days to the overall Market um and breaking above key smas um you know it stuffed obviously on Friday it completely engulfed its two-day upward move and and and engulfed uh anyone that had been caught on the wrong side there um and the plan now going going ahead and to zoom into to a a more uh shorter time frame
the plan is going to be looking uh broadly speaking for a bounce to Prior uh potential resistance in order to get short so what exactly am I looking for here um if Tesla can bounce uh on Monday or into Tuesday um into a multi-day vop which is developing now around 218 to 220 um if that bounce fails providing really a well-defined level to risk against that's where I'm going to be looking to get short versus the high of day targeting a move back down towards lows near 210 from Friday um now how will I manage
this trade a trade like this will be managed um on a 5 minute time frame using lower highs as long as we maintain uh broadly speaking a downtrend uh now the other focus is going to be in semis we can start off with SM semi ETF let's throw back some moving averages on there now semiconductors you know obviously a big change of character here we now well below declining 50-day 5day moving average um and we're in a firm downtrend after confirming um the most recent lower high once we broke below this 240 area of support
um so with SMH sector now closing in on potential support near that higher low post August 5th Panic bottom after the carry trade unwind coming into this 210 212 Zone um now within the sector for me the best trading opportunities as you know due to liquidity due to range volatility it's been s soxl soxl and Nvidia of course but for the upcoming week there really multiple scenarios that I'm interested in um but they still need to develop and and and confirm to get me interested in actively stalking and and watching for those opportunities um first
one namely being uh weakness towards the support area of 210 209 211 within this Zone broadly speaking um and once support is confirmed after the fact not not blindly buying into support but once we come into that era find some support buy a step in we get a higher low we get some relative strength and Market internals within favor um after the fact that could get me interested in a short-term bounce trade um Nvidia and soxal would be my reactive vehicles of choice there uh alternatively in a very extreme scenario and one which which really
for me would offer the best risk reward would be if we got a gap down um and significant follow through to the downside occurs in SMH in SXL in Nvidia um and we blow past um the major upcoming support um and you know in the short term that would set up momentum opportunities for short scalps um but rarely it would set up a more significant bounce opportunity once the setup is confirmed and and weak hands have been shaken out so you know for such a scenario it's important to ask yourself um you know what would
that look like what price action might confirm capitulation in a possible turn uh what would serve as confirmation and what check marks and variables need to be present to turn such an opportunity of capitulation and exhaustion to the the downside into an A+ bounce trade scenario so for example in Nvidia which will be one of my vehicles of Cho choice on the off chance that this actually sets up um obviously key levels I'm watching for a failed bounce would be first of all watching a push towards 105 previous support for the uh multi-day bounce scenario
if that turns into a low high a little bit of resistance um for some potential momentum scalping to the short side previous support turned into resistance um but you know for the more ideal scenario and the bigger bigger picture trade setup would be Nvidia can take out uh the key 100 um whole uh number and psychological level um and if we can get some follow through and some uh capitulation below that area as we come into August 5th uh Panic area so I'm watching for that huge psychological whole number of 100 ideally momentum intensifies through
the whole number before setting up for a potential bounce trade again what would that look like would you need to see capitulation expressed in both price action and volume would you want to see price immediately snap back um and engulf that highest volume one minute Candle on the downside uh there very many um and several different nuances uh to it um but on the off scenario that that is one that plays out in the upcoming week I would like to be prepared along with many other scenarios now small caps BNF day two setting up let's
go to a shorter time frame here throw on vwap for day two day two candidate you know it it is unlikely um but really I'm just going to have some alerts said for a failed move back towards its two-day back towards 250 a potential Supply overhead and fail Zone um and if we do get that dead cap bounce into that area um and we fail providing a nice level to trade against I'll be short versus the high targeting move back down towards two um now very very similar to that is bmz another move of from
Friday um potential day two candidate as well for a push over to ideally closer to 220s 230s um and if we can fail same plan to be NF looking for a short versus the high of that move which should coincide with the high of day for a move back down to the mid ones then we have H this is a small cap stock setting up for a potential liquidity trap um if it can reclaim 110s get above Friday's range um and if we can get some volume to come back in and slowly grind higher with
some higher lows um we could easily see a squeeze out in my opinion um over Thursday's highs 150s as this traded you know well over 100 million shares Thursday volume subsided swing shorts might be caught on the wrong side if this can get a bit of a squeeze over 110s um which could intensify move over 150s and then whlr just one that I'm going to be watching it's a threshold name micro float um you know which together in itself warrants some caution it's not a name to chase weakness on um instead um you know what
I've been doing well in this name is selling resistance buying support and being able to take advantage of the emotion in the name um but $7 going forward is now the key Zone um really of support that is the inflection point turning point it would signal a shift in momentum so if we break below that and we see support turn into resistance there could be some good opportunities for short scalps um and momentum scalping on the short side in the week ahead as long as volume remains present so that's everything on my list obviously things
pop up in the morning throughout the day there's breaking news um an overall sentiment um could could quickly change so these ideas are of course subject to change uh but let me know what you have on your watch list for the upcoming week what your top ideas and plans are and I'll see you all next week so you're an active Trader not doing as well as you want not doing as well as you deserve and you just can't figure out why you can't become profitable no matter how hard you well let me show you why
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