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Hey There YouTube family well we've got a lot going on in the markets crypto has been relatively flat today it's continuing to move sideways and in my view it's yet to confirm that next leg up to 34k it's right underneath those crosshairs I gave you guys recently so we do not have a bullish confirmation on the day and it was flat markets were basically red or flat and yet again on the S P 500 it was big Tech that was still green except for today there was an outlier Apple stock what does it mean when Apple stock doesn't go up and the rest of big Tech does go up it closed around 174.
it's coming off of a recent prediction that I gave that it would hit as high as 176 but now we're pulling back we've got to watch Apple because as I've said it might be a signal that the markets are going to reverse we got to see if it continues to sell while big Tech moves higher the price point that is critical that you guys have to watch is beneath 168 bucks I believe that if we stay above 170 where we're at the markets are likely to continue to go higher but if we see apple fall beneath 168 and stay beneath 168 it might be an early warning sign to get out it's clear to me and I've made this point on a number of recent videos without the emergence of artificial intelligence there is not a doubt in my mind that these markets would be in negative territory right now the only thing that is supercharged the markets in 2023 has been AI it definitely is the reason that big Tech has been moving higher and I have said that it maybe is a recession killer but even if it's not a recession killer for sure it's at least a bear hunter and if you've been a bear in these markets you've been getting skinned alive it's been very painful to be in any position that's gone against the markets I've been warning about the fact that we're in a bull run right now not just a bear Market rally and today the markets continue to confirm that I'm going to be covering a couple bull stocks that are moving higher and I'm going to give you guys a critical prediction from a couple of big investment firms on where the market might be heading in the days ahead the market though I we have we know one thing for certain that it believes that the FED is bluffing the Market's pricing in interest rate cuts the mark But the FED is saying he's going to hold five percent for the remainder of the year and here's the problem with that once we get to the place where we're faced with reality the market will correct at that point and that will be a correction to the downside because we're moving up on the fact that the market does not believe the FED all right I got to give you guys a quick update on my friend Poe po po could not live with me forever he has been released back to the wild it's been a sad day for me because I would have loved to have kept PO for my for a lifetime but it just wasn't meant to be he has been released back to the wild it's a good thing in addition to that in regards to my schedule I didn't make a video Saturday or Sunday I didn't make one Monday I'm gonna I've got one out here coming out today and tomorrow I'm gonna be going live with the core 4 on my page and I've got some other great videos planned for you guys but I'm tied up in some business meetings in regards to the businesses that I own I haven't had to give them much attention because I've got great leaders in those companies but I'm needing to focus on them here the last couple days this is the stocks with Josh show thank you as always for hitting that like if you need insights predictions and great charting on stocks and crypto then hit that subscribe and that YouTube all notification Bell let's quickly cover Google we have to acknowledge that we hit the price Target that I gave you guys when Google was 122 123 dollars I said this thing is going to 127 and today we got 127 dollars and five cents and then it's slightly sold off we gave that prediction when it was 122 and we hit it today so we're done with with that Target the big question then is what do we have to do next do we stay in Google is it going higher well I'm going to give you guys where I think the deciding line is going to be decided we want to see Google close back above 126 bucks if we're beneath 126 I believe that we could continue to move lower but if we get a close back of above 126 on The Daily and even the weekly I believe that will confirm the next leg up for Google all the way to 135 bucks so it's just that simple if you see Google stock above 126 remember that I told you guys it's going to 135 we can watch it together before I get into Tesla and some exciting news around Tesla and then I'm going to give you guys my overview on the market and what I think is going to happen ahead let me quickly take a station break if you need better trade tools there is a limited time offer an exclusive offer for the MooMoo Investment app if you open and fund an account you can get up to 20 free stuff y've got eight order types they've got all the stop loss orders that you need to protect your investments in difficult markets like we've got right now plus get your free stock you can start investing and then you can come find us over there okay let's get into Tesla and then we're going to talk about what's going on with the overall Market at the end why did Tesla stock pop today well one Josh predicted that it would I told you guys when we got in at 153 that we were likely to get up to 183 but more importantly Ford came out with their investor day today and it caused their stock to pop and as well as Tesla and I think it was a uh affirmation of Tesla it was a sympathy bump for Tesla but I'm going to break it down a little bit as to what I think caused it in particular to push up the bottom line is that Ford came out with a very bold and ambitious plan to grow and to increase their number of EVS that they're going to manufacture they said that they were going to manufacture 2 Million by 2026 and what I think happened with Tesla is that this confirmed to the marketplace one it was great forward guidance for EVS it suggested that there was a high demand from Ford for EVS and that they were going to try to go into high gear to meet that demand and that's a confirmation of what Elon was saying Elon was saying there's high demand all of this led to Tesla getting a nice bump today up around almost five percent and if we go back to my last prediction I said that Tesla needed to close above 176 on the daily chart to get a confirmation move up to 183 dollars we got that close of 176.
so we were set up well for this move no matter what happened ultimately I believe that it is actually confirmed a move all the way up to 193 to 194 which would be simply reaching the top of the descending Channel that I showed you guys weeks ago we've moved from 153 all the way I think ultimately to around 190 22 to 194 we have to see what the final price will be we can overshoot that range very easily I actually knew the minute that we broke through 164 successfully that we would be getting this high this is just going level by level though there's a very strong possibility though right now that we're going to back test some of the lower ranges that had previously been resistant that's a very healthy thing to do we want to see this move up be digested it gets digested by a back test to at least 183 and it could even back test all the way to 176 and remain in a bullish move if we come back and bounce on either one of those levels we'll go higher now I'm sharing this with you because if you didn't get in and you chose to get in those would be the levels that I would get in if I were choosing to get in but I'm already in those are going to hopefully become support but I think we're pushing up to 190 we have to wait and see in addition to the positive stock price action something else happened today Tesla announced that they're going to begin to add advertised and that's a big change for Tesla because Elon in the past has said that he doesn't like to advertise it's a waste of money these guys have principally grown the business by word of mouth but this new phase that we're in where now they're advertising they've been cutting costs like crazy it's clearly an attempt to put some distance between them and the competition and it's all and this is not the type of thing that shareholders like so even though the stock is moving up these things present risk to shareholders because whenever you reduce that profit margin and increase spending through advertising you're running a risk But ultimately it's all going to be played out and seen whether these moves are the Right Moves based on how earnings are going to come out in this next quarter so that's what we're going to be watching for right now the market is giving Elon the benefit of the doubt that these are actually good decisions and that he's going to be getting ahead of the competition and meeting his goals obviously it started off after the last earnings with a sell-off but now we're clearly giving him the benefit of Doubt and moving back up and we're going to be around that 190 or higher by the time we get back to earnings to see what they actually accomplish and it could be setting up for another sell-off again or they could come out and accomplish something huge more than likely it's going to be by the rumor sell the news that's what how I'm probably going to be trading it and then other news for Tesla a billionaire by the name of Ross Gerber came out and gave an interview and he was talking about uh the importance he what he basically said that stood out to me is how important it was that Twitter that that Elon hired that Twitter CEO now it's kind of old news but here's what is new about it to me one this guy's been pushing to take a position on the board of directors and he owns 74 million dollars worth of Tesla but it just reminded to me of how important of a figure that Elon is you got to remember in his last interview even though nothing was really said positive for Tesla stock after he did that that last interview basically saying that he would do things without reservation if it cost the companies that he owns money he would say what he wanted to say somehow the stock went up Elon is an extremely important character the market the shareholder wants him focused on Tesla and the belief is that he's going to go back to be focused on Tesla and that the whole company might be in a good position by this earnings the Market's going to give him the benefit of the doubt if it doesn't do what the market expects him to do it'll be a massive sell-off again right after the earnings right now they're assuming success in buying the shares all right let's just wrap things up with a little bit of a market overview bears are getting slaughtered and the markets are going higher we know that AI is potentially the recession killer and if it's not it's at least a recession postponer right now important stocks are breaking out and they're continuing to operate as bear traps bear traps will just cause the Bears who are in short positions to have to buy along with everybody else to get out of their short position which is costing them a ton of money but here's what I want to to point out to you when you look at the unusual options activity you see a lot of calls at 41.50 and you see a ton of puts enter in at 4 200 and so what we don't see is that people are going long on this Market we do believe that people are are trading very bullishly with a slight pullback and very bearishly with a slight push-up so it's what that is called is price compression the market is having price compression and the Tighter and Tighter that gets it often leads to a dramatic moment of expansion which means that these markets could actually shoot really high up or shoot really low down and on that note Morgan Stanley came out and said that they could guess the direction it's going to go and they said it's going to go down they particularly said that stocks were simply too expensive right now that they were trading at an 18.5 times future earnings and that it was just too frothy they reminded the market that that was in the upper 15 of the highest part of the range and that they're looking to sell and they even told everybody when they were going to sell that it was going to be based on the debt ceiling even if the debt ceiling didn't get agreed upon and it got kicked down the road or if the debt ceiling was agreed upon and the and it was resolved they said either way on the conclusion of the debt ceiling they see it as a uh by the AI rumor sell the debt ceiling news and so we have the potential that even if they kick it down the road or whether they raise the debt ceiling the market could simply use that as the pivotal news story to sell off and so the main takeaway is yes there's going to be an opportunity in those inverse positions but the markets have proven to us today that some of these big tech stocks will continue to climb all the way up to the last moment so just to repeat that it's by the AI rumor it sell the debt ceiling news all right guys that's all I've got for you today I've got some other videos planned Wednesday for you guys thank you again for hitting the like hit that subscribe if you made it this far in the video and enjoyed the content go ahead and go over to MooMoo get that free stock find us in the chat group peace and blessings my friends we'll see you in the next video thank you
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