The BEST Technical Setups In A Waning Bull Market!

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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❗️DISCLAIMER
Past performance is not indicative of future results. Neither the Show Participants
Strategies or investments discussed may fluctuate in price or value.

Investments or strategies mentioned in this show may not be suitable for you and
you should make your own independent decision regarding them. This material
does not take into account your particular investment objectives, financial situation
or needs and is not intended as recommendations appropriate for you.

You should strongly consider seeking advice from your own investment advisor

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ℹ️ ABOUT STOCKCHARTS TV
StockCharts TV is devoted exclusively to financial charting and market analysis from the web's top technical experts. With a constant stream of technical charting-focused content, there's always something insightful, educational and entertaining to watch on the channel.

[StockChartsTV]

👀 See what better financial charting can do for you!
👍🏻 If you enjoyed this video be sure to hit the THUMBS UP.

[MC-kjnd]

Thank you Dave. Truly appreciate your market analysis. Especially in these uncertain times.

[zoyazueva]

I've learned so much from your videos and it has helped me become a more confident trader. Thank you for sharing your knowledge with us.

[NoName-qkfw]

Dave. Your suggestion regarding the use of the "Market Carpet" to better grasp what the market is doing on a daily basis is a great idea. It will keep me from dumping stocks quicker than I should and have a general peace of mind about the market in general.

[natalee]

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!

[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

[eskayagarwal]

gt video and gt class on vix and elngolfing patterns. stay

[harmankang]

Hey Dave, did you take the hinden berg omen chart off your live chart list?

[harmankang]

Hey Dave why did you take the hinden burg omen off of your chart list?

[RichardGeorge-ujiu]

I respect the effort you put into each and every video that you post. Long term investors are in a good position for the final recovery since they know that the market and economy will eventually turn around. I'm doing really well individually, and I'll continue to work hard in this competitive industry. My portfolio is up 43% at the moment. As I progressively add more stocks, I'm going to step back and observe how everything plays out

[prolific]

Vacation stocks (LVS, CCL, RCL, etc.) took a hit on the news of higher air travel costs.

[tanleproe]

The great GDP report was awesome. But the market didn't cheer up.

[Denise-el]

ВО! Побольше бы такого контента) Не ленись чел, снимай видосы почаще)🤣

[Brayness]

Viewer: Dave, what do I do with my WBA stock I bought 10 years ago
Dave: Build a time machine

[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.

[beverlyroach]

On the chart of NVDA candle look like a spinning top. Is that right?

[andrewweis]

wild west market, gaps up and down all over the place, with most if not all rallies failing