The BEST Technical Setups In A Waning Bull Market!

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Published 2024-07-25
Final Bar host David Keller, CMT recaps an "inverted V" shaped trading day with the Nasdaq 100 remaining in full distribution mode. He shares key technical insights for NVDA, META, GOOGL, NOW, UHS, AAL, LUV, LULU, LVS, and WM, addresses the recent spike in the VIX, ways to use Dow Theory to evaluate a potential correction, and the differences between AAII and NAAIM survey data.

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00:00 - Welcome to the Show
01:25 - Market Recap
05:43 - S&P 500 Large Cap Index ($SPX), Volatility Index ($VIX)
09:58 - Invesco S&P 500 Equal Weight ETF (RSP), Market Carpet Heat Map
15:22 - NVIDIA (NVDA), Meta Platforms (META), Alphabet (GOOGL)
17:31 - ServiceNow (NOW), Universal Health Services - Class B (UHS)
19:42 - American Airlines Group (AAL), Southwest Airlines Co. (LUV)
20:53 - Lululemon Athletica (LULU), Las Vegas Sands (LVS), Waste Management (WM)

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All Comments (18)
  • @StockChartsTV
    🧐 Dave's "Mindful Investor" ChartList: schrts.co/TTCbWDpE 👀 See what better financial charting can do for you! Start your FREE 1-month trial today at stockcharts.com/ 👍🏻 If you enjoyed this video be sure to hit the THUMBS UP. ✅ If you found value, consider SUBSCRIBING to our channel and ring the bell so you never miss a new video! Subscribe here: tinyurl.com/wvet7qj
  • @MC-kj6nd
    Thank you Dave. Truly appreciate your market analysis. Especially in these uncertain times.
  • @natalee5588
    Could you talk about LMT and NOC tomorrow? Both jumping this week on strong earnings. Unfortunately I noticed them too late in the morning and didn't catch the full upside move. I still think the have more to run, tho they may pull back to the 5 Ema support first. Thanks!
  • @harmankang6119
    Hey Dave, did you take the hinden berg omen chart off your live chart list?
  • @Denise-e1l
    ВО! Побольше бы такого контента) Не ленись чел, снимай видосы почаще)🤣
  • @tanleproe
    The great GDP report was awesome. But the market didn't cheer up.
  • @SarkisKlinik
    Hi David, How to know Whether the recent decline with Nasdaq and NVIDIA is just a correction or a mark down phase? Can strong stocks like NVIDIA with strong fundamentals go to mark down phase without any change to its fundamentals?Thanks
  • Hey Dave why did you take the hinden burg omen off of your chart list?
  • @Brayness
    Viewer: Dave, what do I do with my WBA stock I bought 10 years ago Dave: Build a time machine
  • @prolific1518
    Vacation stocks (LVS, CCL, RCL, etc.) took a hit on the news of higher air travel costs.
  • @aliasoma
    Was at the mall the other day. I saw almost no females wearing yoga pants. Lulu is in trouble since that's what they are mostly known for.
  • @beverlyroach886
    On the chart of NVDA candle look like a spinning top. Is that right?
  • @andrewweis5857
    wild west market, gaps up and down all over the place, with most if not all rallies failing