Each afternoon, real setups are broken down with entry strategies >> [music] >> and the technical reasoning behind every trade. This is today's best trade setups [music] with Verified Investing. Welcome to today's best trade setups. My name is Benjamin Pool, head trader here at Verified Investing. USO and the 10-year yield are pushing up a little bit higher today. However, the semiconductor are still getting a nice bid to the upside. We're going to take a look at USO as far as resistance levels, the 10-year yield where the next resistance is before a pullback, and then a couple other charts for you. Let's just jump right into it. First chart is the chart of the US 10-year. Here we have the 4.628% on the 10-year yield. So, it did get above that, closed above. I was mentioning this resistance level at 4.702. It stalled out right before that level, and then this nice sell-off. Now that we're below $4 or 4.628, this is going to be rejection zone. Now that we've confirmed, we haven't actually confirmed below it, but this is still a recapture of this resistance level, and so now all of a sudden, it's going to maintain resistance as far as the 10-year yield goes. So, that's where I anticipate price action going up to before a rejection. On the downside, here's where it's going to get a bounce at 4.482. Now that we're above the 4.57%, this is the next support level. Not only do you have this gap in the charts, but you've also got this high pivot point that price action gapped above. So, when price or when the 10-year yield does get into this level, you should get a pretty solid bounce. USO, here was my long play on USO for a swing trade. Pivot top or pivot low here. Price inside of this basically this wick. Here's the third hit. Fourth hit is your support zone. Not only is this a up sloping trend line, but it's also a gap in the charts that needs to be filled. So, for those of you who are aggressive, $138.61 is that support zone for USO. Once it does start closing below this, all of a sudden USO is going to get a nice bid to the downside, and then your next level of support is going to be the top this double top right here, previous double top. This is going to be your additional zone at 124.11 on the chart of USO. Look at all of this price consolidation in this area, previous gap fill, previous gap in the charts, and all of this price consolidation, solid support zone for USO. Bloom Energy, here was the up sloping trend line that I mentioned yesterday. Every once in a while you get these trades like Bloom Energy that do a great job of respecting up sloping trend lines. Got it at the top here, secondary hit. Yesterday I was mentioning about 318 to 320 was a great day trade and a potential swing trade level. Got a nice fall on the chart of Bloom Energy, and then today we gapped up, actually gapped above this high pivot point, and now we're getting that sell off. This is a continuation pull back on this up sloping trend line. So, now that we failed to get above it, I still like this for a swing long level or a swing short level. If we do get above this on a daily closing basis with confirmation, then all of a sudden Bloom Energy is going to break out, and it's going to surge up to about 200 or excuse me, 350 to about 375. On the downside, if you're aggressive, if we can get back to this double top or this previous um all time high at $290.55, this is your aggressive long play. And from its current price, this would be a 6% move to the downside. You should get a pretty solid bounce off of that level. BJ's Wholesale Club is getting a nice fall today. What I'm eyeing today is $84.41 to get this low pivot point here. And if you stretch this out, this actually goes back to a major pivot in the charts right here. Price consolidated, got a nice bounce off this level before this huge surge to the upside. Look at this. It was over a 44% move, which tells me that if price action does get back to $84.36, you should have a lot of buyers who step in and bid this to the upside. Nvidia, my long level yesterday, it didn't get down there yesterday, was $216.61. This is on the back of earnings. My swing trade long level is $212.47. If we can get this nice sell-off in this confluence zone where it was a previous all-time high, and this would be the third hit of this up-sloping trend line. This is where Nvidia is likely to get a nice bounce. Not only that, but it was also the opening candle of this red bar candle, and then price jumped above it, gapped above. So, this retrace would be a lot of support on the chart of Nvidia. Similar to the other charts, if it does close below this on a daily closing basis with confirmation, I would look to pick this up at $195.29. QBTS, what a powerhouse. You had a little bit of a rejection at $24.77. Could have been played for a day trade briefly. Then all of a sudden we've gapped up. My next level of resistance is $32.19. If you're aggressive, that is your short play. For a long play, if it does, now that we've gotten above it and likely to confirm, if it does get a nice fall over the next few days back down to 24.77, this is your aggressive long level for a swing trade on QBTS. I don't know that this is going to happen, especially with the positive news with the US government, but that would be my long play knowing I could stop out on a daily closing basis. So, this is what I'm looking at. Day trade, quick scalp, three $32.19 is your rejection level on this chart based on previous price action, previous gap in the charts, as well as this high pivot point. You should It's likely to get a nice rejection from that level. INTU had a great bounce off of this level at the gap in the charts or this low pivot at 306.61. It's going to take a couple days for us to determine what's going on with the price action of Intuit. If we can get another fall today, as we're seeing in the chart of Intuit, I would be looking to play this for a long play at $283.26. You zoom out in the charts, you have to go way, way back in the charts. You had this high pivot point as well as all of this price consolidation for a long play. And if it can get down there in in the next few days, that is actually the beginning point of a swing trade. If it does close below that, you could look to stop out and look for additional support. ARM Every once in a while, you're not going to have an opportunity for technicals to play out. Had you followed this trade yesterday for a swing trade, you would have been decently out of the money at 315. I said this was a day trade, also a swing trade. This would have ended up playing out if you would have dollar cost averaged when you were able to get in. This got up to about $290, got a decent pull back, over a 1% pull back, and then all of a sudden we had this huge march up today. It got as high as 315 bucks. So, from that 288 level, it was almost a 10% move to the upside. So, this would be your add level, and then what you do is you would look to average into the position and then remove half of it if it gets back down to about 300 bucks. That would be around your break even on the chart of ARM, and that's and then you could hold a larger position or your core position for another excuse me another pullback. DE never got into our level. I had this previous red bar candle high, all this price consolidation. $507.47 is that long play that I'm still looking at DE for a swing trade if it can get into this level. If it does fall in this level today, I would also pick this up for a day trade. There is a ton of support. Look at all this bullish consolidation before the bullish pattern actually failed, had this nice drawdown, got back above it, and as you can see this little pivot point right here is going to be solid support on the chart of DE. BEKE, I did mention 16 bucks. I did not play this yesterday because it didn't get down there, but today look at this. Great bounce. Over a 4 and 1/2% bounce off of this level. This level's now off of the table. I would not be interested in playing this until it got down to this gap in the charts right here at $15.78 on this chart. Uh Weebles having a nice sell-off. Look at what happened. I'm going to draw a trend line in here for you. Let me go ahead and remove this one. Oh. I'm going to remove this one. Create this trend line. Down sloping trend line right here. Look at how many times it hit this resistance level. 1 2 3 4 Finally broke out. Got above all of this resistance. Now previous resistance becomes support. So if Weebull can drop into this level at $5.82, this is not only a good day trade, but also a good swing trade level. If you're going to enter this for a swing trade, you would look for a price to get back down to $5.27 for an add. And then if it does start breaking below that, you could want to get all the way back down to $4.50 on a daily closing basis, and then you would look to stop out or continue to dollar cost average. The resistance level that I'm looking at on Weble is $5.50 Excuse me. $7.57. This is your line in the sand. Once we break above this uh 7.57 level, then all of a sudden it opens the door for another move to the upside around $10.25. So, every once in a while you'll have technicals that work out beautifully. Every once in a while you're going to have technicals that get blown through. And that's just the part of probabilities that we have to to kind of navigate as traders. Anyway, that's what I have for you guys. Please, um if you guys are getting something out of this, make sure you're liking, following, subscribing, sharing with those friends that way they can get the same information. And we'll see you guys next time in the charts. You guys have a great rest of your day. Take care. Yeah. Yeah.