The Big 3: CRWV, APPL, TEAM

difference when you have one tha. Welcome back to trading 360.I'me for the big three. We've got three stocks for you today. Three charts will go through Kevin Greene taking us through those charts here to take us ugh Bowen Chief Technical trainer@stockstotrade.com. Great to have yh with us.m. Hape to get your thoughts on the market action, not just what we're seeing today, but just this week overall. Yeah. You know, kind of an interesting moment we have happening rightwI kind of keep politics out of, you trading. But, you know, the reality is we have a situation, yw, happening obviously right now in just a few weeks from the election. And you know what I see out there? I mean, we see all of these, you know, g names, high flower fliers, stocks that I have absolutely loved overthel selling off hard. And, you know, I've seen a lot of, you know, different reasons and, and thought processes and thesises on this inflation war, of that. I mean, to me, it's just de-riskiore the election. I mean, we have a very unique situation setting up I mean, it'seen, you know, made very, very clear that if election, you know, if there's a blue wave, I mean, there's just going to be a rampant basically, quote unquote, assault on regulation on these companies. I mean, you look at where data centers stand, okay, where on that political divide, you have one side of aisle saying, we're going to do everything we can to stop themee other side, I don't know, but Io impede them like that. So I just when you look at a these stockling off, it's not the business, it's not the technology. I've said a billion times that, you know, AI is the greatest technology in the history of mankind. But when you look, when you're a hedge fund manag okay, or when you're at a bank or you're managing massive amounts of money at risk, other people's money, you have to manage that accordingly.hen you have this absolute wild card coming up in a couple of weeks, I mean, you have to sell off, you have to go to ch, reduce your posi sizes. And that's what we're seeing across the board. Now election goes other way. I think you're going to see an absolute rip youe rally in thescks. I mean we'll look back at this weekend sell off in Palantir and and AMD and micron and all of these. And everybody's going to pray. They wish you know, they either held or bought the dip. But at the end of the day, it's a complete wild card. I mean, who knows whatappens in the elections. I don't believe any of these polls. I haven't answered a poll. I know about KG or Marley. If you've ever replied know who does.'s just aI don completely random event. We've got massive amount of of de-risking here. What I would say to those people that are holding these stocks always have a stop. I mean, I talk about that. I mean, you can'tnte you're in that trade, but you can manage your position and control your losses. Now, if you're above your stops, you know, that's where you hold and look for a good outcome here in a couple of weeks. Now if you're underwater, just sell and join that rally after the election if it comes. So it's you know, I know there's a lot of fear out of there, a lot of uncertainty, but it's smart, like when you don't know what to do in the markets. So many people just kind of avoid going to cash. And I think the smart money is right now. Ando the people out there, maybe it's the right way to go to. So and you have a good pointthere. You have to know when to get out. I mean, som the trade just doeork and you have to get out. But let's talk about one tha there's a great argument around whether that applies here with core. We've and the action we've seen in core, we've had a 15% sell off on leveraging concerns, rising funding costs, their bonds and how high they got. Then we saw a recovery after many people came out, Jensen Wong out to defend them, Dan Ives saying the sell off was overblown. They recover yesterday. Now I'm looking at their chart again. We're down 9% today in c We've. So how are you looking at core? We've. Right now Tim. Is this the make or break it moment for core. We've. Whether or not you have to make that decision to stay in or get out. Yeah, I mean, we, again, it's funny how we line up like I was looking at those comments by Jensen and I'm like, okay, this guy's a billion times smarter than me. Okay? And he's like, he's defending the company. Now, what you're looking at here, I mean, this is absolute broken chart. I'm kind of curious to this idea. But, you know, you look at this thing, I mean, e's r the last year where it's collapsed to t level, basically where it's at right now, and then rallied off of that. Now, as you mentioned, risk management is key. O That's I kind of like about this chart is you really got a floor hou know, basically where it's trading today in the low 60s where I think that that is absolute, basically a do or die moment. I like clear charts like that, like where it's just really clear, okay, s starts to turn. I've got a floor where can say, I don't w to be involved in this mess below this level. But whe look at the rallies that's made, I mean, look at April. I mean, it went back to this level. You went from 60 to 140. We're at this level back in August, w from 60 to 120. So I just like that as a w you know, as a level to trade off of. And it pr stop loss. This thing breaks 60, run a as fast as you can. And I like to trade off of those levels. All right. S 60 is the level that's standing out to Tim as his get out level. KG when you look at the chart for this one, and certainly it's action this week is going to be fun to take a look at. But we look more broadly over the last year. I mean a volatile name. What are you seeing in the technical setup. Yeah. So if we actually just look at the daily chart and I'll be kind of quick with this one. Tim's right. I mean this has been therea around the let's say $65 has been kind of the low tick. And eo step in. We saw that pretty much around in November of year. We saw the same in December of last year, the same happening back in March this yeare's definitely a trend that has taken place July, another one where everybodynd ot concerned. We're sitting back at these levels and if you see that level being def 60 to $65 right now, technicians are going to look for a bounce. And maybe that actually did occur yesterday. We had a little bit of a relief rally. Yes, we had some positive comments coming out as well. But yesterday we actually saw larger volume or higher volume than the day before, which is where we saw the big flush. I think that's actually very meaningful. Now we are down 9% today, but at the of the day,e did see some some pretty decent volume here. And if we are down 9% in volumes light, he could still make the case that $60 can hold up and a bearishtion below the 26. But keep your eyed hit oversold territory yesterday or the day before we bounced a little bit. Do we make a higher low on RSI? I think that's going to be key for bulls to kind of step into this game. And then we'll go to thehree year weekly chart because you have a little bit more of ar perspective. This is lly a falling wedge type of pattern taking place right now. Lower hig You can make th maybe making lower lows. If you're is the line in the sand. And if we do see a break to the downsiu're looking at thume note of around $41 in order for that to be able to hold here. So this is maybe potentially make or break. Technically speaking, you would expect a bounce from here fundamentally speaking. And I think this is outside of politics. The cov ratio to cover the debt is a concern. And I think that's what's weighing on this as well asthers in this space. So let's see if this does get a little bit of a relief rally over the next couple of days. All right. So let's take a look here at Apple which is your next pick. We got a new all time high in Apple. We've got a new hardware based leader. We got some new devices from Apple. This home collection kind of rivaling some of big names in the thermostat space and the doorbell door cam space. How are you looking at Apple highs? Tim. Well, you know,time it's always kind of that ide of nowgain, this is a name love love. I've talked about the local AI idea. They had that announcement actually Marke goes to Twitter to talk about it. But you know, that partnership with with Apple, you know, for a local AI, I've talked about that, how much I love that, by the way, out of outside o of the s Back to the political point. One tip for you guys, if the election goes south, okay, one thing I want you to do today by the biggest hard drive, you can go over to Hugging Face and model you want. Because ifl regulation goes the way Dario wants it, you'll probably be lucky if you can get ChatGPT to tell you what two plus equals.ock down those local models, save them, make sure you're prote That aside, Apple, you know, with this news with with met You know I seejust new CEO and know just a strong chart in this mess that ed you know, when we look for those, you know, particularly kind of short term trading opportunities, you alwnt to look for those names that aren't following the pack, okay? Because when they hold up strong and then when and if the pack turns, they're always the first one to take off. So, you know, between the iPhone, I was a little unimpressed by their little iPad thingy in the house, but you know, they'll figure it out. It's Apple, you know this, it's the firstelease, but then you couple it with the iPhone duo and the fact that you still. I keep trying to get more of them. You still can't get a Mac studio with a bunch of RAM. They're sold out for six months. I think they're going to be sold out for years. As people move to those local modelsand more and spreads to the mainstream Apple really crushing it in that that underreported story that Il think is really helping this name. Aht, so let's dive in to the technicals Apple then. I mean, as we just look over the last, you know, let's call it six months, we're up about 30% here. What are you seeing in the charts. Well, Iine last six months or so, higher highs, higher lows, and that has been the case now we are actually stalling out at this current level here where we are still making higher lows. But we kind of have thiseckline of around 345 to $350 that has been acting as an area of resistance And unfortunately,u 3 or 4 red candles actually sitting at t particular area of resistance. It kind of signifies the fact that we don't have enough momentum t potentially break out here, and maybe pullback over the next couple of days could be store. You look at the 20 day moving average sitting at ar $338. Your first area support you break below that, you're getting to the 50 day moving average. Now, you could get a little bit excited because that MacD is actually still in a bullish formation. 12 EMA is above the 26 EMA, but this is ki a basing a potential breakout. But once again you deally see inose red t at the end of a trend. On three year weeklyrt though, here's where you get a little bit more confidence that you on, higher lows. You might be getting closer to a lower area of support. This kind of channel line that's been intact. We are starting to see the volurofile kind of filling heret money is trading hands at this particulel? That could be case. But we still have a green candle for this week. And you're looking at an upper end of resistance at $366. MacD, RSI also looking relatively well here. So you get a little bit more bullish on the weekly t rather than the daily. And we'll see how this one kind of trades out her think they also have the product release as well today if I'm not mistaken. So tha also could be a big driver for this name over the next week. All right Tim, let's dive into your last pick. You've got Atlassian ticker team here and a fun chart. I mean, they have been on fire just throughout thel in terms of the momentum that's on their side. How are you looking at Atlassian.now I was I was pleased to see this that I o idea from last week was on the big three. And you know, I hada, you know, selling off today. But again, look at, you kno find me a technology stock or an AI that's not, you know, a rough coupleys. But, you know, when it comes to chart, you know, lookingforward, kg's breakdown, it's kind of that same idea. And, you know, right there it is, you know, it struggled with that one 9200 level, youw, all through the spring got real ugly during the sass apopse, got all the way back above that and then,ou know, lifted off of it basically over the last week. Now this kind of that pullback idea, you know, if it can hold those levels from ba the spriou know, kind of firm up that base, it's kind of like the dea when we talk about, you know, support and resistance, kind of the same idea wit. We've at week lows. I really think that that, you know, resistance le from back in the spring, you know, it's a good support level to trade off of. And, you know, as I mentioned with core, gives you a clear area just to be like, okay, it was Uptrending had a heck, you know, of a, of a, of a run the last six months. It'sken down, it's rolling over. Let's move on. if it can hold this level here with this sell off today and, and maintain that level, maybe, you know, before post-election, we get that even turnaround in all of these names. I just think it's a really good level to trade off of. And I just like the way this stock much like Apple, it is red today, but it's held up through all of this mess this week. All right. So let's look at this chartause I mean Atlawas one of the names that was really caught up in the SaaS apocalypsee SaaS occur. Then it was kind of sideways through the summer. s Tim just highligh mean, if we look late spring till now, the last months, we're up close to 200%. So a break down the chart for us. Yeah. So on the one year daily chart, you're right. I mean, the stock got beaten up pretty much this time last year. We traded in a descending channel. We this furtherreakdown to the downside here. Now we did hit around $56. That was back in April. And we've been making higher lows ever since. Well definednnel until we saw a breakout and a gap that has still not been tested as of yet. That's between 100 and $10 and let's say $140.at's something toon your your mind here over the next couple of weeks o so. And we continue to make higher highs and for the most part, higher lows. Now, I would say l yesterday's candle, very strong candle, kind of ash engulfing actually from that. Let's call it a little bit of a shooting star type of pattern the day before. So a pretty decent bu engulfing yesterday. Today we're reversing the upside. And this just kind of shows that there's a lot of action happening within this name as well as in the sector as well. We do have a little bit of a bearish divergence on the RSI. You have to be mindful of. Our MacD is still kind of in a bullish formation, but it is trying to hinge a little bit lower hereay. But if you look at the weekly chart. Weekly chart still for the most part bulI don't think we had talked about this last week. And hopefully I'm right because I ike I did talk this last week as as far as the chart. And I kept chart preth the same. 230 to resistance. That pretty muchof was top tick this week, and we did see a pullback to th downside. The 200 week moving average at 175 is going to be a key area of support for this name. You consolidate and break again. You break above 230. Yoetting to around 285. That's at least what the technicals are showing. MacD still a bullish formation. RSI too concerning at this point.g Still kind of within the middle of this overall range over the last three years. This stock still looks like it's constructive and wants to move n though we are seeing a red candle for the week. If you're looking at kind a shooting star, which kind of hint towards reversal, but the dai chart is a little bit more constructive at this, one can kind of continue its path higher over the next couple of weeks or months. Yeah. And Atlassian moving lower today we're down about 5.5% at 204 80. But the Igv is down a little bit more than 4%. So we're seeing some moves lower overall in software today, the whole sector. Tim, really appreciate you being with us for big three today, bringing those picks for us and Kevin f