Richard Gates

4.5 months ago I started an account with $5,000. It was a #challenge account to see how far I could grow it #daytrading ONLY my watchlist #stocks and picks. This took extreme discipline but fast forward to now… We hit $100,000. If I can do it, so can you. 🔥

I will be trading LIVE all week long if you want to come navigate this market with me I’ll show you how I get it done. Here’s the link to follow along with me whop.com/rwgates

$WMT Potential break of the downtrend trendline shown on the daily timeframe as this name is making higher highs and higher lows on the most recent rally. I am just watching for this momentum to continue topside this week. Long idea over 126

$NBIS Last week this name was able to put in a bullish engulfing candlestick and reclaim the 100 whole number along with the 50 EMA all at once. Those 3 things signal a bullish move therefore I am watching for momentum to continue topside. Long idea over 110

$AMD This name has been consolidating between two gaps for nearly 3 months now. Last week it did reclaim and hold over the 200 whole number. This week I am watching for a potential entry into the gap overhead. Long idea over 221

$NFLX This name has been uptrending since holding the gap area as support on the daily timeframe. For me to remain bullish on this name, it needs to reclaim the 200 EMA and the 100 whole number overhead. Long idea over 100

$AAPL Really trying to hold the 200 EMA as support on the daily timeframe but is meeting heavy resistance at 256. That line is very clear. This week I will be watching for a potential break of that resistance. Long idea over 257

$GOOGL After bouncing off of the 200 EMA on the daily timeframe, this name has had two days of consolidation just below the 300 whole number. Analysis here is simple, I am bullish over 300, otherwise bearish. Long idea over 300 otherwise, Short idea below 290

$TSLA There really isn't much to look at on this chart but it is worth noting for a watch because it gapped down due to a negative reaction to delivery numbers last week and I will be watching for lower lows this week. Short idea below 358

$SPY Be ready for another wild week ahead. Movement here will likely depend on the opening (or not) of the strait of Hormuz. Apparently Iran's time is "running out" before another wave of bombing according to President Trump. Just be sure to adjust levels every morning according to the price action. I do expect to see more gap ups and gap downs this week.

$NFLX This is the only name that I am remotely bullish on after looking at hundreds of charts. On the recent pull back it held the 50 EMA as support on the daily and the topside of the gap. Looking like its trying to break the downtrend trendline with 2 days of resistance at 96. Long idea over 96

$NVDA Finally breaking the long term support at 170 which also puts this name below the 200 EMA on the daily timeframe. This week I will be looking to trade with the current trend, which is down. Short idea below 165

$AMD Rallied last week only to reject the gap area overhead. Sold off quickly back towards the 200 whole number. If that support fails this week, I am looking to take a short position. Short idea below 197

$HOOD Descending triangle on the daily timeframe to break the support at 70. This week I am watching for lower lows and a continuation sell off. Short idea below 65

$AMZN Finally breaking the uptrend support on the daily timeframe to decide direction and failed to hold over the 200 whole number. Watching for lower lows this week. Short idea below 198

$META Not much to look at here, selling off due to a negative reaction to a news catalyst. This week we watch for lower lows and continued weakness. Short idea below 520

$SPY Bear flag breakdown on the daily to move under the 200 EMA. Seems like direction is crystal clear here provided that no wild tweets come out next week. Short idea below 630

$SPY There isn't a point in analyzing this from a technical standpoint. Too much news out and too many variables with Iran that could affect direction this week in a massive way. Instead I would like to say to just trade safe this week with whatever you do. Size down if you must, protect capital during times of uncertainty, and make sure your downside is limited. If you can survive market conditions like what we have had recently, it does get easier in my experience but you will never make it there if you blow your accounts now. So hang in there and good luck this week! Trade SAFE!!!

$AAPL There really isnt much to see here. The stock is in a downward channel with lower highs and lower lows on the daily timeframe. The trend is your friend and thats why I am watching for lower lows this week to continue it down. Short idea below 245

$PLTR Is forming a range on the daily timeframe at the 200 and 50 EMAs which means it is non-directional right now. My plan this week is to wait for direction to be established and then trade it in the direction that it goes. Yes, I am saying it can go either way. Wait for confirmation first. Long idea over 158 OTHERWISE Short idea below 148