MARKET OVEREXTENDED: Why I’m Shorting These 3 Stocks Right Now

Watch on YouTube · 2026-04-21

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Here is a summary of the YouTube trading video transcript in clear bullet points: **Stock Tickers Mentioned with Price Levels:** * SPX (S&P 500) + Support/Resistance: $7,000 and $7,002 + Target: $7,400 * USO (US Oil) + Short Entry: 125.84 + Stop-Loss: 125.84 * GOLD + Long Entry: $4,656 + Target: 1-2% move to the upside * SILVER + Short Entry: 73.366 + Long Entry: 70 (not mentioned as a specific price level) * NVDA (Nvidia) + Short Entry: $203 + Additional Resistance: $206.88 and $212.40 + Stop-Loss: $207 * TSLA (Tesla) + Long Entry: $288.90 + Target: $381.23 + Additional Resistance: $417.40 * ORCL (Oracle) + Short Entry: $185.31 + Conservative Trader's Level: $191.09 + Stop-Loss: Not mentioned as a specific price level * DELL + Swing Trade Entry: $210 + Target: $230 **Key Trading Strategy:** The strategy involves identifying key levels of support and resistance on various stocks, including USO, GOLD, SILVER, NVDA, TSLA, ORCL, and DELL. The trader looks for opportunities to go long or short based on these levels, with a focus on swing trades and day trades. **Indicators Used:** * Trend lines * Pivot highs and lows * Gaps in charts * Previous price consolidation **Entry/Exit Rules and Suggested Trades:** * Entry rules: + Look for key levels of support and resistance + Use dollar cost averaging or conservative trading strategies when necessary * Exit rules: + Stop-losses based on specific price levels (e.g. 125.84 for USO) + Re-enter positions at new targets or additional resistance levels **Timeframes Mentioned:** * Day trades (15-minute closing basis) * Swing trades * Long-term trades **Risk Management Tips:** * Use stop-losses to limit potential losses * Dollar cost averaging can help reduce risk * Be aware of the psychology of the markets and how prices tend to respect support and resistance levels.

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Each afternoon [music] real setups are broken down with entry strategies and the technical reasoning behind every trade. >> [music] >> This is today's best trade setups with Verified Investing. Welcome to today's best trade setups. My name is Benjamin Poole, head trader here at Verified Investing. The S&P 500 is having a little bit of a rollover with US oil heading a little bit, but the big news is silver and gold are continuing to head a little bit lower in the market hours. So I do have some key long levels for you guys on that. Let's go ahead and jump into the charts. The first one I'm going to go over is the SPX. Here's this up sloping trend line that we're we've been monitoring. This here's a pivot high, secondary hit, third hit, fourth hit. We finally broke above it, and now what we're waiting for is price to consolidate either on top of it for another move to the upside, or if we recapture it to the downside. Today, I'm looking at the $7,000 and two $7,002 level for a long play today. If we can recapture this, then I'm going to then we could see another sell-off in the SPX. If we fail to stay or get back below it, then we could likely head up to about $7,400 on the SPX. So this up sloping trend line is really going to be your support and or resistance trend line, your line in the sand. US oil, like I mentioned, is pushing up now in the during market hours. Right now, if we can get up by 3:00 to 125.84, this is where I'm actually looking to short USO. Now, on a 15-minute closing basis, if it does close above this gap in the charts, US oil could end up heading higher, and so I would actually look to stop out of the trade. Now, oftentimes we like to dollar cost average into trades, but with a stock like USO or a commodity like USO, what I like to do is play it a little bit more conservative if the straits decide or the Strait of Hormuz isn't opened, then all of a sudden we can get this huge spike in USO, and then we have to look for additional resistance levels. So, for me, 125.84 is that level. Now, let's go ahead and go into the gold chart. We were seeing a little bit bigger of a sell-off for me, on a day trade basis, if we get into 4,656 bucks, this is the level that I'm eyeing gold for a long play. Not only is this opening or excuse me, closing price or previous gap in the charts, but you've also got all of this price consolidation for a day trade that gold is likely to get a bounce off. Now, if we do start consolidating right on top of this level, we could see another flush to the downside, but for today, I think that we're going to get a lot of buyers inside of gold and push this up and get about a 1 to 2% move to the upside on GOLD. Let's go ahead and jump into silver. Silver is next on the docket. My long level is 70 Let me go ahead and change this for you. 73.366. If we can get another bid to the downside, previous opening candle of this green bar candle, all this price consolidation. Notice how this was resistance on the way up, and then all of a sudden we flip this and then it then it became support. So, for me, 73.366 is my short-term bounce on the price action of silver. My long-term um target for silver on the downside is right about $54 an ounce, but right now, for a day trade, 73.366 is where I'm looking to go short I mean, I'll go long for a day trade. All right. Another couple things that we're monitoring is Nvidia. Nvidia got close to that 203 level and we're getting a little bit of a pullback. I still like this level for a short if we can get another bid to the upside. So, $203 is that first shortable level knowing that I've got additional resistance at this gap in the charts at 206.88. So, if we do break above that, this is an area or a situation where I would dollar cost average all the way up every $3. So, um or excuse me, every $2 higher knowing that if it does get above 207, that would be an additional add level right above this gap in the charts. And then I've got additional resistance at $212.40. If I did have to add to this position at this gap filled today on a 15-minute closing basis if it does close above that, I would actually stop out. That would be uh an initial entry and then a pierce of 205 would be an add. Another add would be right above 207. So, I'd have about 3% or uh 30% of my portfolio allocated. So, if it does stop out or close above that on a 15-minute closing basis, I would actually look to stop out of that trade and then re-enter it on a trade tomorrow at $212.40. And this is starting to look awesome for a swing trade. If it does get up to 206.88, I would stop out on a swing trade basis. I mean, a day trade basis. However, I would be looking for a further move on a swing trade on Nvidia knowing I've got additional resistance up ahead. Tesla did bounce on that $288.90 level that I mentioned. So, now what I'm looking at is 200 uh excuse me, $381.23. Prior gap in the charts right below this low pivot. So, if Tesla gets a bid to the downside or it moves to the downside, that would be the level that I'd be interested in going long. If for some reason we do move a I still like this 40780 level knowing I've got additional resistance at $417.40. Let's go ahead and jump into the Oracle chart. Oracle has had a pretty substantial move from the lows um and it's getting into some resistance. My first resistance resistance level has already been tagged and had a pretty good pullback. I still like this for aggressive traders, you could get in at this level that I'm about to show you. For a little bit more conservative, there's a gap in the charts that once it's filled, you should have some panic sellers who were stuck in this trade and so they're willing to exit that trade. And so what I'm looking to do is capitalize on that fear of getting back to their break even, that panic, and driving that price down a little bit further. So here's the chart of Oracle, $185.31. You got this high pivot in the charts and as well as all of this previous price consolidation as resistance. So if it does get up um to 18531 for you aggressive traders, that is a trade for you guys. Now, if it does break above that, you've got this red bar candle right here as additional resistance. This was the opening candle at 18723. Conservative traders look at $191.09 for a potential short opportunity today. I would actually be looking at that tomorrow going into the trading session as well because of the big gap in the charts. Let's take an example. If you were stuck in this trade, you were down as much as 29% and then all of a sudden you had this big move to the upside. You gained recaptured 26% of your gains or your realized losses. And then it dropped again, took out this pivot low. Once it gets back up close into this level, you're going to be relieved knowing that you can remove your um basically get out at a break even. And so that's kind of the psychology of the markets if it does get up to $191.09. And that's why I do anticipate a pretty sharp pullback off of this $191.09. Plus, as we've seen previously in the charts of Oracle, Oracle is one of those stocks that do that does a pretty good job of respecting support and or resistance levels. And again, that's another reason that I would be loving to go short at this gap in the charts today or even going into tomorrow's session. All right, let's go ahead and go into Dell. Dell I had mentioned yesterday. A pierce of $210 is a recapture of this up-sloping parallel channel or the midline of it. So, 210 is where I would start getting into a swing trade on DELL. So, yesterday I was mentioning that was my day trade level, but now that it's already up into that level, this is more of a swing trade. If you guys have already gotten into this as a day trade, congratulations, you're slightly in the money. You could look to stop out if it does close back inside of this or above this midline of the parallel channel and re-add to the position if it does get up to about 230 bucks. This would be the upper end of the recapture of this parallel channel. Now, I do anticipate a pullback to at least the lower end of this the parallel channel right here about $195 depending on when it hits this up-sloping trend line. So, that's where you could look to take some of it off of the table unless of course you're a little bit If you like the short trade, then you could actually look for a move back down to about $169.92. For me, I would add to my position at $230. Overall, Dell is way overextended and is due for a significant pullback. UNH had this nice nice gap in the charts right here at $351.64. Secondary gap in the charts at $356.26. It did push up a little bit higher, got close to this pivot top. Now, talk about a chart that's over extended. This one was from the 30th of March. This was a 37% or 39% move to the upside. Now, look at the relative strength index. It went from 30 or right above 30 all the way up to 80 on the RSI. So, for me, this is getting overly extended. So, those of you who are a little bit more aggressive, this is an area to actually institute a swing short on this and look for about a 7 to 8% pullback. If you can get there. Knowing that you've got additional resistance at this gap in the charts about $367.60, and then you've got double top on UNH at $380.87. So, what I would look to do is dollar cost average all the way up into the $380 $380.87 level, and then I would look for that pullback. So, UNH again is for me is looking over extended even though it's had positive news. There are still a ton of people who are stuck in this trade after this huge flush out who are willing to exit that trade once we do get up a little bit higher. AMD, I had mentioned this up sloping trend line. So, I what I've done is taken the pivot top from the highs of November 2021. Secondary pivot top right here, and this was the third hit right here about 285 bucks. Now, we had this not quite a topping tail. The body of this isn't big or is too big for it to be considered a topping tail. However, that is my short for a swing excuse me, my swing trade short level for an entry price. Looking for a downside target of about $258.07. Just because this up sloping trend line is intact right now, it doesn't mean it can't bust through that. So, my add level would be a psychological level, which would be just above $300 where I could add to the position and look for a pretty substantial pullback on the chart of AMD. Last but not least, let's Let's ahead and jump into ALAB. ALAB had this nice push to the upside and and look at all these charts from the lows and this was the 30th of May or March. Huge move to the upside. If we can get all the way up to $199.26, this is a definite short play for me today if we can get up there knowing that I've got the whole round number of 200 bucks just slightly higher. As you can tell, this is his high pivot point at 201.79 where I could average into this position. Those of you who are aggressive, this could also start your swing trade position knowing that if it does recapture this 199.26 with confirmation, that could be your stop out and then you would look for an additional resistance level sitting right here at $226.27 and that would be more for a swing trade. Still today, if we can get up to 199.26, this is the area that I'm looking at taking this for a short if it can get there by 3:00. Thank you so much for joining me. Um I will subs uh I will throw this on here. So please make sure you're liking, you're following, subscribing, and sharing with those friends so that way they can get the same market information that you're getting. And in the live day trading room, we've already taken several trades. So if you guys are not part of the LDTR, me please join us. We give you our exact entry prices, our exact exit prices, and give you more information probably than you want to know about the charts. So with that said, you guys have a great rest of your day. Oh, last but not least, we do have a new channel, Verified Investing Extras, where we're going to provide additional alpha for you. So go ahead and scan that QR code, add this to your um your watch list, add this to your playlist so that way you can get even additional market information going forward. So that's what I have for you guys. You guys have a great rest of your day and take care. >> [music] >> Yeah. >> [music]