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Hey everyone I’m charting man Dam with the chart guys Trader and Technical analyst for the last 13 years in this video we’re going to check in on the broader Market again not a lot going on with the holiday week but again significant volatility in name specifically the crypto miners on

Absolute fomo fire trading it in both directions on a daily basis but I’m starting to look for a top I’ll let you know what I’m looking for so as far as the S&P 500 and the NASDAQ are concerned pretty uneventful day just closed up near the high and still strong it’s the

Kind of day where you got to remind yourself to zoom out because you look at the 5-minute time frame and say oh my God look at that volatility and then you zoom out and say oh yeah that’s absolutely nothing it’s just it’s perception in a really small low volume

Type day the five minute candles look massive but not the case just grinding up 4H hour uptrend on the Futures chart and up at the highs NASDAQ same deal nvda there was a little bit of relative weakness in the semiconductors on the morning we started strong and broke the

High of yesterday and then a big drop all morning and you can see AMD also had that downside nice recovery from that drop but uh started a little bit weaker on the morning so still watching nvda hovering around here tightening up just under 500 set some volume alerts because

If the Bulls are going to go for 500 and all-time high 505 we will see a high volume day if the Bulls are going to get it so keep an eye out for that armm continues the all-time high grind holding on well today on the Gap up open

We gapped up we chopped around a bit built some support at 74 and still just grinding higher and again this is a we got our swing report sale going for half off a month to check it out and armm is a swing report name from back here and

Still in play Lamont is still sending out alerts for how he he is trading this name at the moment I’m personally just riding my swing position I haven’t done anything to it in a while Tesla bull break of the daily inside bar Tesla was a top watch this morning because of how

It was positioned and knowing that if we broke the inside bar bullish we would likely break 260 and confirm the first daily uptrend in over a month and we’re also seeing relative strength try and return Tesla divided by QQQ I think we talked about this yesterday in the video

Maybe but trying to get over that level to be the strongest we’ve been in two months compared to the NASDAQ but a nice daily uptrend confirmed for Tesla and the next major resistance level is 269 Healthcare grinding up right up at the highs nothing notable the financial

Sector had a tough resistance Zone 3750 to 3758 we closed above that today so again just all our major sectors holding on just fine for the Bulls want to check real quick about our in in TR sector rotation so Google lost the daily stair step into consolidation Apple trying to

Get the bounce going Amazon sideways bull break but no follow through and meta still a daily stair step just watching how those major names are rotating around lagger sectors more strength we had a little bit of a pullback on the morning here as well you can see we started strong gave it back

Recovery just grinding higher still same thing with arkk and the bio Tech sector xbi just all Bulls at this point you may be waiting for daily consolidation before looking for any Longs and that is a okay okay but not going to be looking short until the Bears give us a reason in this

Market bears are not sneaky they came glaringly standing out last Wednesday but that was hourly oversold on the S&P 500 and the NASDAQ and that led to continuation the only bummer was it happened at theend the end of that day if it happened midday I would have definitely been aggressively buying that

Dip but again still just riding swing positions walking up stop losses and waiting for the new year essentially crypto stocks putting on an absolute show m is the lead bll this is a massive move this is the kind of move that you get in Blue Sky breakout even

Though we’re not in Blue Sky breakout and so we’re up 118% since the daily stair step pattern started and it’s not just m Riot is strong not nearly as strong looks like we were watching this potential Rising wedge and names like Hut nice follow through so there’s a ton

Of names benefiting but m is just the strongest CSK nice Gap up and go all this said these these names are way stronger than Bitcoin right now in the short term bitcoin’s trading range bound and sideways but I’m I’m trading it in both directions the way I started

Today is I shorted riot after we hit a new high of the day with no follow through and I was live streaming when I took that short and so I shorted here I put my stop at 1837 I took uh some partial profit then I got down to a half

Position and then I stopped out and while I was so at that point I took some partial profit my risk-free stop was over the high of the day at at 1837 and then I shorted or I longed M and I longed the 15minute higher low

Again this is a trade strategy I made a video on it it’s called The later morning trade strategy and it is in on our YouTube channel as is our volume profile webinar but it’s after the Bulls prove themselves on the morning or the Bears you want to be trending with the

Market obviously it’s bullish in this market so Bulls prove themselves on the morning we look for a 15-minute higher low entry I had no intention of entering M long because I’m waiting for daily consolidation but I saw a crystal clear 2minute falling wedge smacking me in the

Face and I pulled up the 15 minute and said well this is ema2 and this Shore looks like that’s the wrong one this Shore looks like a two-minute bullish pattern to shape up a 15minute higher low and so I longed it think I got filled 2869 took partial profit into resistance

And then stuck my stop under the low and so there was a point in time on this late morning where I had a risk-free riot short and a risk-free m long and then Riot pulled back and I put my stop at 1801 because this was a quick little Trend change for

The Bulls so I stopped out the remainder of my Riot short and then the M long I walked my stop up on the 15 minute and I did stop out where here so stopped out no it’s not where I stopped out one of these 15 minute supports broke where I stopped out

Anyways that’s the wrong day that’s why I stopped out here missed the last leg up but uh a bear win and a bullwin in the same sector I love doing that I love using relative strength and weakness to choose which direction I’m changing trading which name and then based on

Whatever setup they give me uh looking to position so I hope M gaps up tomorrow and if it does I’m going to likely aggressively short it for just hourly consolidation and we’ll look for five minute oversold and a back burner but we haven’t seen hourly consolidation since

25 we just went 20% plus with no hourly consolidation and if you look at the RSI levels again RSI alone is not a reason to short in this market Mar but I can look at the the daily the 12h hour the 4H hour and say okay we are as extended

As you can get and so that has me looking for a temporary climax top to be set into daily consolidation and into hourly oversold conditions so I would likely if I do short a gap up and we drop I would likely exit a bunch of that into five minute oversold I would

Reload it after the five minute oversold bounce I would look to hold some in a swing position the problem is Bitcoin is just fine for the Bulls and is not the reason for this strength again Bitcoin is sideways so I’m putting an aster next to my game plan because I have to see

What Bitcoin looks like depending on what the setup is tomorrow morning but I’m pretty confident in my ability to navigate we’ll see we’ll see what we get congrats to the Bulls awesome awesome couple week move here and this is the kind of move that normally you need some

Kind of news Catalyst just in the sense of you know this is what we would look for in cannabis if we get rescheduling news and action from the federal government uh and this was just longterm shift in momentum breaking the confirming the monthly inverse head and shoulders and getting very significant

Follow through on a monster candle that said you need to make decisions if you’re holding are you going to sit through daily consolidation are you going to sit through weekly consolidation CU everybody’s throwing out you know we’re going 100 plus okay great maybe but certainly not straight

Up from here we will pull back 20% plus at times even if we are going to continue to the upside so establish your game plan dollar still all bears really nice follow through for the Bears and again just heading back down to 9957 that’s the only level we’re looking at

And so gold keeping strong grinding up at its highs and silver weaker gold and silver went inverse the last couple of days but still hanging on to the Daily uptrend keeping in mind that a weekly lower high is the more likely scenario miners today had a solid day trying to

Head back to the recent High we did fail by six Pennies from resistance but still hanging on for the Bulls oil confirmed the daily uptrend with no follow through so we’re going to zoom out and watch for the possibility have a weekly lower high as we’re testing weekly ema2

Resistance but key support most important level 7244 so overall again not much to update in the broader Market it’s just the grind with bull control nothing changing but again individual names uh giving some nice opportunity in the meantime still expecting things to remain slow for the next two trading

Days stop messaging me on Facebook and I hope you’re all fantastic do good things I’ve got no content here for the end of the day but close your eyes and imagine a really cool video