SK Hynix Debuts: An Epic Test for the Memory Trade

Summarize the following YouTube trading video transcript. Extract:
- Stock tickers mentioned and any price levels (support, resistance, targets, stop-losses) associated with each
- Key trading strategy
- Indicators used
- Entry/exit rules and suggested trades
- Timeframes mentioned
- Risk management tips
Format the summary in clear bullet points.

Transcript:
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Summarize the following YouTube trading video transcript. Extract: - Stock tickers mentioned and any price levels (support, resistance, targets, stop-losses) associated with each - Key trading strategy - Indicators used - Entry/exit rules and suggested trades - Timeframes mentioned - Risk management tips Format the summary in clear bullet points. Transcript: My name is Gareth Soloway and I was a losing trader until I mastered technical [music] analysis. Logic and charts beat hype and narratives every time. Now I teach investors the [music] same techniques that made me a multi-millionaire. This is my trading game plan. Hey everybody, welcome to my trading game plan. My name is Gareth Soloway, chief market strategist here at verifiedinvesting.com. And of course, we're going to deep dive into all the market action covering the stock market, crypto, commodities, and beyond. So, the first thing to note today, the markets are opening a little bit lower to flat on the day. Not much going on out there. Everyone was waiting for the big news today, the SKH Highix debut. This is American Depository Shares, ADS shares that'll be debuting today. It was given to insiders ahead of the IPO at $149 per ads per share and that again will be a key component. Now yesterday we saw the semiconductors rally sharply out of the gate but once again many of them faded. We saw for instance uh SanDisk falling almost $100 off its high of the day late in the day and Micron also pulling back. Now listen, both of those names and many of the semiconductors stayed positive on the day, but these continue to be breadcrumbs that have me concerned that there's more downside in the semiconductor sector. In addition, we just have to be honest. SK Heinik send selling $28 billion in stock in the US market. That's going to be competition for investors that are looking for that pure play in memory. All right, just is what it is. All right, so let's dive into the charts. Uh folks, my last video by the way from Mexico. So next week I'll be on the Pacific coast of the United States for a week, then back home in the west or the east coast of the US. Now let's go right into the charts here. You can see this was yesterday's price action. Remember early in the day we had a little bit of a dip. Then we rallied up the rest of the day and kind of went sideways into the close. Overnight you can see the markets faded a tiny bit. We've got a little bit here in the morning session and then a small pullback as the markets continue to watch some key things. So number one, I continue to focus in on the dollar yen. And I'm telling you guys, this is the thing that most mainstream media outlets are not warning you about, but the weakness in the dollar yen has the potential to create some major issues for the overall market. And the idea is it's in the yen carry trade. to the yen carry trade if it has to unwind or something goes on because the Japanese yen continues to weaken so massively that is a major risk when we saw it back in 2024 in the S&P 500 when the stock market dropped significantly and I could show you that actually if we go back to 2024 here we can see that we had a big swoon especially in the NASDAQ right here and again it doesn't look that big when you go back in history but in a matter of just a couple weeks here. If we look at this, we had a big drop in the S&P. This was again about a 5% draw down. That doesn't seem like much, but if we go to the NASDAQ, the NASDAQ 100 saw, I believe, as much as a 10% correction from that peak, the trough. And again, the problem now is is that we're even more lever, right? So, we're even more levered here on the markets as we continue through. And that has to be something that is continued to ke be kept on our radar. And I got to go even back here further. There it is right here. This is the collapse here. Look at this guys. Look at the draw down. So the NASDAQ fell 16% when the last time the dollar yen was trading up in this range. And so again,