Strait of Hormuz REOPENS 🚨 Why I'm Shorting NVDA, INTC & AMD Here

Each afternoon real setups are broken down with entry strategies and the technical reasoning behind every trade. This is today's best trade setups with Verified Investing. Welcome to today's best trade setups. My name is Benjamin Pool, head trader here at Verified Investing. The SPX is heading higher. It is uh higher than that 7,070 level that I was mentioning as far as resistance goes. And that's on the back of the news that the Strait of Hormuz is now opened up. Let's go ahead and dive into the charts. The first one we're going to go over is the SPX. I did have a lot of lines in my charts the previous days. However, these are the two trend lines that I'm observing really on this chart. Here's this up sloping trend line. First hit, second hit, third hit. Now we're actually getting above that hit of that trend line, which is again was that 70,000 or 7,070 level that I was mentioning for a potential short yesterday. Now that we're above this, this is probably indicating to the bulls that the S&P 500 or the SPX is going to go and retest the underside of this up sloping trend line, which would put a SPX right around 7,362. All the way up to about 7,375. And it really depends on when this up sloping trend line is hit. But this is a secondary trend line that I'm observing. Pivot at the top here. Secondary hit. This is going to be a resistance level once the SPX does decide to push up a little bit higher. Even though that it's got positive news on the the Strait of Hormuz, look at this. This is a 13 almost a 13% move from the lows of the 30th of March 2026. Just pushed all the way through all this resistance like it was nothing. It's be because it's got low volume on not only SPX but pretty much in the entire market. And so we could be going into the spring and summer session where the lighter volume could just continue to rise this thing up to the upside. Again, the next level resistance is right around 73 162 to 7375 dollars on the chart of the SPX. I know it's not measured in dollars, it's measured in ticks and stuff. But that's okay. USO USO I did mention yesterday at 113 dollars and 39 cents yesterday would have been my swing trade or my day trade level. As you can see, it did pierce that level and got down to about 110 dollars. Now, this was just a technical level that previous buyers had stepped in on the USO. Got a nice bid to the downside and now we're getting catching a little bit of a bid. So had you dollar cost average into this, you would be in the profit. For me, because this news came out this morning, this level was off of the table for me. So if we do drop a little bit lower, 108 dollars and 16 cents is your first level support and then you've got this pivot in the charts right here that for today, I would be interested in taking USO at 101 dollars and 45 cents. That is the level that I'd be interested in getting into the trade on a technical basis. Intel just continues to push. Intel was in the gutters not too long ago. It was trading the lows of 2025 the end of 2025 was trading at 30 dollars. And now it's trading above 70 bucks. That is over a 100% move to the upside. Intel is now getting overextended. It's created new all-time high. Again, this thing is starting to get so overextended it's due for about a 15% correction to the downside. Let's go ahead and jump into the charts of Intel. Look at this. This was from the low of March 2026. Look at this extended move. 70 cents or 70% move to the upside just from the lows of the 30th of March. I'm sorry, this is just a ridiculous chart. You zoom out, look at where this this goes. It takes you all the way back from the to the pivot highs back in 2021 and then even back to the highs of January 2020 before this huge sell-off. Now that we're above this level, this is instant indicating to all the bulls that now all of a sudden Intel is the next big play. It's got a couple different partnerships. So now everybody should get into this. This is what I like to see. I like to see pivot tops, all-time highs get taken out, especially after this huge run to the upside because so many bulls get on board with this and and they think now it it's pure 70 bucks, it's going to 80 to $100. And that could happen. However, it's due for a pullback and so this is where a swing trade on Intel knowing my next level resistance is going to be 75 bucks. I could just dollar cost average into it and then my next whole round number is $80. And again, from that extended move from $40 all the way to 80 bucks, that's a 100% move to the upside on a chart like Intel. Partnerships or not, there will be a point where there's going to be a lot of profit takers and as soon as that starts triggering, you're going to have this massive sell-off. I could actually see Intel coming back down to about $54.35 even if it gets up to about 50 uh excuse me, 75 to $80. That is just a retrace to the scene of the crime breakout. As you can see, it never tested this level as far as resistance. That means that the magnetic effect will pull this back into $54.29 and that's where you're going to catch some support. But that's where ultimately I think Intel's coming into. I'm not going to hold a swing trade that long, but I would be taking a nice 10 15% move to the downside once Nvidia or Intel decides it wants to uh to roll over. I was looking at the Nvidia chart. Nvidia I did mention 20103 level yesterday. This was not a level for today. If we can get another bid to the upside, I would be interested in shorting Nvidia at $203. You've got this wide range red bar candle before this huge sell-off to the downside. So, what we're having now is this big rally and this wasn't quite the rally that Intel had or AMD for that matter, but look at this 20 This would be a 23% move to the upside on a What is it? It's a $3 company? a $4.88 trillion company. So, adding 25% to its market cap. That's That's actually insane to think that that much of a market cap can be added to a position. So, you're adding $1 trillion to the market cap of Nvidia or close to it. So, again 203 is the level that I'd be interested in playing this for a short knowing that I could dollar cost average and I would do it every $2 or so higher so that way my my next add it would be just under $2. So, that way my add can be 20688 and as you can see there's a gap in the charts and this starts to get interesting for a swing trade with this extended move from all the lows all the way up into this gap. I'm starting to look um it's starting to look interesting for a swing trade. Again, day trade 203 and I know I have 201 but that don't just kind of ignore that. 20688 and then eventually um if we can get up to $212.40 or just below that, that's a double top area which you're going to have additional resistance. I think Nvidia is going to roll over again. Um not necessarily going to take out the 164 level, but it's due for a corrective move about 7 to 8, 10%. Tesla is outside. Bloom Energy had this nice topping tail in the charts. This is what I um I was mentioning on what's going on with Intel what I see. Pivot top here, secondary hit, breakout above, and then we put in some sort of a reversal candle, and now all of a sudden we're having a decent sell-off. We still need to recapture the underside of this up sloping trend line, and then we can get a further sell-off in Bloom Energy. I still think we're coming down to at least about $126 or $176.74. That's going to be your first level support on Bloom Energy. For today, I would still be looking to play about $226.73 on a shorting level, and this would be more of a swing trade as well, knowing that it could go up to as high as $240.82, and that's okay. I would just dollar cost average into it, and look for that bigger pullback to about $176.79. Tesla is having a nice move to the upside. I did mention yesterday a couple different levels. First level of resistance was $405.18, and with the surge in the markets, uh Tesla actually pushed through that level and got to this gap in the charts at $407.80. If we can stay at or around that level by 1:30, um that would be an interesting level for me to possibly look at it. If we're above that level, um what I would actually be looking at is this $417.40 level. This is where I'd be loving to get into the chart of Tesla. From the closing price yesterday, that would be about a 7% move, and that's what can happen on Tes- on the chart of Tesla from time to time. We have these extended moves to the upside. So again, $417.40 is my day trade level today, unless it stays around the $407.80 um by about 1:30. That means that the sellers are continuing to drive this down, and the buyers are stepping out of the way, and then you could see a rollover. We Once we start pushing though, the buyers will take control and push this up. Um probably Actually, what's going to happen is it's going to stop at this high pivot point. It's not actually going to get to this gap in the charts. So, $416.38, but on a technical basis, the gap in the charts is where you would start picking up a short play. Not for a swing trade, but definitely for a day trade. Those of you who are aggressive, uh take that pivot top, 416.36. That's going to be a level level up potential reversal. Bitcoin, I have an upside move today. I don't know that it's necessarily going to get to 80,556, but this high pivot area right around 78,000 $664. That is where I'd be looking to start a swing or a a day trade short, knowing that I could dollar cost average into about 80,556, and I would be using the IBIT um ETF, and I would be shorting that. That, again, looks like a great opportunity for a swing trade, now that we've broken this down something trend line. This would be an interesting level to get back into it. If we get a fall back down to about 70,000 or 71,000, this would be a great entry point, as this would be a retrace of the scene of the crime. And then, any point that we stopped or we get below 70,600 on a daily closing basis, I would stop out of this trade. Microsoft is having a nice push to the upside. I was mentioning that you had some resistance at this couple different trend lines. First trend line was this lower end. Had this nice breakout, never got a retrace. So, now that one's off of the table. So, we have the secondary trend line, connects to pivot top here, secondary hit, third hit, kind of kissed that level. Now, if we zoom into the charts, it's actually above that level now. It hasn't confirmed above, and so this trend line is still going to be resistance, even though we're above it now, because this is the third hit. Often times when third hits of up or down sloping trend lines get broken through, there's still a pullback effect because there are a lot of people who were still willing to take profits here. So, as soon as we get a little bit of selling, then the the chart of Microsoft should sell off as well. So, if you can get this back down to about $399, that would be a great entry point um for a a day trade. I don't see that happening today, um but that would be in the next few days, $399.41. It's going to be a previous gap in the charts, and that's where I do anticipate Microsoft coming back to. On the upside, if Microsoft never comes back and retraces to that level, your next level of resistance is this prior gap in the charts right here. Secondary pivot. As you can see, price had respected that level before on the upside. So, now when we're underneath it, $438.73 is where I would get into a day trade short today. Again, that level is $438.73. I would look to excuse me, short this as far as a day trade, and I would go pretty heavy. Microsoft doesn't move a ton from the closing price yesterday. This would be a what, about 4% move to the upside. That's not a big move on on the chart of Microsoft. STX. So, STX, I did mention that we had hit this up sloping trend line several different times. Putting in a little bit of consolidation. I still like this as far as a swing trade. However, I did mention that it could go up to about 550 bucks because it had already taken out the $525 level, and that's what happened today. We did get a little bit of a pullback, and this would be an add level for me if I was swing trading. So, I would have started with like about a 1% of my portfolio, and now that STX is up to about 550, you could just double your position, bring your average price up, and so that way if it does come down, drops about 12 and 1/2 bucks or so, then what you can do is you can remove half of it off the table. My next level of resistance is going to be 575, another psychological level, which I would add another 1 to 2% and then once it got to gets up to $600, because that would be the next whole round number where price action could push it or the buyers could push price action to, that would be an additional level that I could enter into the position. Now, I would be a little bit more conservative because it is short, and so as it continues up, if it gets back into break even or pretty close to it, I would consider removing half of it off the table, just so that way I can ride a a an average price higher, but gives me maneuverability. So, if it does jump again, then I can dollar cost average in, really bring that average price up, take that profit off I mean take some position off the table and work my average up that way. Eventually, this is going to have a pretty substantial fall to the downside. I just don't know when that's going to be. It looked like it was going to happen the other day. It did have a good rollover, but it wasn't a sustained rollover, and now we're pushing up. And so, we just kind of continue to monitor these things and dollar cost average in um protect capital. So, here was that first level, and like I said, it wasn't a big rollover. And then all of a sudden we started to chop sideways a little bit, send a little bit higher, 524.17. That was the original level that I gave. It was only about a 4% pullback. However, had you gotten in, you could have taken about a $20 move to the downside. Now that we're up to 550 bucks, what we need to happen is this up sloping trend line right here needs to get broken to the downside, and that goes back to the pivot high in the 22nd of January 20 25, secondary hit here, third hit here. I do like the fact that it has broken out or potentially had broken out to the upside. Again, that would signal to the bulls that it's time to jump on board and really drive this higher. And that's usually when profit taking comes in and really pulls the rug out from under it. I don't anticipate a huge pullback before bounces a little bit. $488.32 is your first level of support. Once you can break that though, then you're coming down to $468.85. And then I like this double top where to retrace to the scene of the crime, break out at $453.85. Once we can get some consolidation right above these levels, then we can identify where further downside move is. Um you are going to have some support if you get down to about $344. But we have to get through all of this support levels before we can break down even further on the chart of STX. AMD Here we go. We have this pivot top right here. This goes back to the highs. Let me see if I can get this better. All right. Pivot highs of 2022. Secondary hit right here from the highs of 2024. I I see in AMD even though it's further extended $285.14. That is or $285.96. Somewhere in this area depending on when it hits the sub sub channel. This is where AMD is going to end up pulling back from. This is an overextended move again similar to Intel. Not quite as crazy of a move, but look at this price consolidation. The bulls were out of control. The bears were in control of this putting some nice bullish bearish consolidation. And then all of a sudden we had this huge news that the war was about to end. And now all of a sudden we ripped to the upside. This the AMD is a chip manufacturer that that does pretty good work. We have a a tech guy in here who says that AMD is going to be one of the next $1 trillion companies, which I I don't doubt. Right now though, we are 43% move to the upside. It's due for about a 10 to 15% pullback. It's likely coming back into about 250 bucks. Doesn't mean it can't hit that 285 five level first. And then once that level hits, your next level resistance is going to be 300. And so if it does hit the 285 or 8286 level, depending on it hits that up something trend line, I would look to enter a short trade there, knowing that I've got that additional whole round number of 300 bucks to add to that position if it did get there. So, that's what I have for you guys. Thank you so much for watching. Um thanks for all the comments. You guys are awesome. Really appreciate it. I'm going to go ahead and throw uh the Apex live day trading room on here. So, we go live every morning at 9:25. 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