📈 Stocks at Highs as Non-Farm Payrolls Loom
What you need to know before you trade this week.
📬 Weekly Market Outlook
Stocks at highs as Non-Farm Payrolls loom.
I break down this week’s best setups, rotation themes, and 2 bonus trades not shared anywhere else.
Last week confirmed what’s working — and what’s breaking:
✅ AI demand is still red-hot — $SMCI soared post-earnings
❌ $TSLA rejected another breakout level
🟡 CPI + PPI this week = potential volatility spark
Here’s how we’re positioning going into the week:
📌 $TSLA – Rejected Hard at $360
Tesla tried to break out — and failed once again.
🔻 Rejected $360 on volume — third failed breakout attempt
🔻 Now trading below its 22-day SMA
⚠️ $317.33 is the must-hold level on the downside
📉 Action Plan: Avoid until it reclaims $360 with conviction. Breakdown risk is high below $317.
🏦 $AVGO – Bull Flag at All-Time Highs
Broadcom remains one of the strongest setups in the market.
🔹 Consolidating just under all-time highs
🔹 Forming a clean bull flag — not a base
🔹 AI infrastructure demand from $META and $NVDA fueling momentum
📈 Action Plan: Watching for a flag breakout continuation if CPI doesn’t shake the market. Sympathy flow in $SMCI and $MU likely.
💡 $AAPL – Rebuilding, But Still a Laggard
Apple is showing signs of life — but it’s still behind.
🔹 Bounced off $196 support
🔹 Needs to clear the 200D and push above $210 to matter
🔻 Still the weakest mega cap name on a relative basis
Unless buyers step in meaningfully, capital may continue flowing into better risk/reward AI plays.
🧠 Macro & Sector Themes
The real battle this week is macro vs momentum:
📊 Non Farm Payrolls (Thursday) will dictate rate cut odds into September
🚀 Semis and AI remain the strongest themes
💀 Mega caps ($TSLA, $AAPL, $AMZN) are showing structural cracks
💡 $SMCI breakout was the tell — AI infrastructure is where flows are going
We want to stay in what’s working and avoid dead money.
🎯 Bonus Setups in the Full Video
In this week’s breakdown, I go deeper into:
🔹 $TSLA’s rejection at $360 and why $317 is key
🔹 $AVGO’s bull flag + trade management
🔹 2 software names I’m watching that haven’t moved (yet)