0:02 So, November's pick was announced
0:04 yesterday, a few days into the month,
0:06 and it absolutely ripped today. I'm
0:09 talking about SoFi. I gave it to you
0:12 guys right underneath $31, and this
0:14 morning, it popped up to right
0:16 underneath $33. Now, I'm going to give
0:18 you fresh technicals because this is
0:21 going to be a a dayby-day if then
0:23 scenario. I'm going to give you my
0:25 raised stop loss and the next price that
0:28 we've got to get above to trigger the
0:31 bigger move higher. This is absolutely
0:33 the stock is trending beautifully
0:36 higher. It's outperformed the rest of
0:38 the market in many ways. It didn't
0:40 really pull back in November like a lot
0:42 of other stocks have. Uh big tech of
0:44 course has been pulling back and still
0:45 pulling back. Today is another red day
0:48 for big tech. SoFi the financials as a
0:50 category are doing well and SoFi in
0:52 particular had a jump up today on the
0:54 same news that I had shared with you
0:55 yesterday was that they have now
0:59 becoming a crypto custodian. You can buy
1:01 and hold your Bitcoin and Ethereum on
1:03 the SoFi platform. They're the very
1:05 first bank that has officially entered
1:07 into this space and uh so it's
1:09 distinguishing them. I'm going to go
1:11 into the SoFi trade and I'm going to
1:14 give you the day trader view of SoFi and
1:17 the long-term investors view of SoFi.
1:18 We're going to have to break down the
1:22 spy. The spy, it's not the mag 7 that's
1:24 bringing the spy up. The mag seven are
1:26 cooling off, but the spy has continued
1:28 to climb. It's like the markets getting
1:30 some breadth. If you the term breadth
1:32 means that there are more companies
1:34 participating in the up move. Of course,
1:36 since April, we have been trending
1:38 higher month after month. And I'm going
1:40 to take you into the spy chart because I
1:42 need you to see that the markets are
1:45 extremely bullish right now. Volume and
1:47 price action are absolutely indicating
1:49 that the markets are still trending
1:51 higher. And so at bare minimum, I'd
1:53 caution you against loading up on the
1:55 short plays or the inverse plays. Now,
1:57 those are the ones that I've been making
1:59 the most money on. But what I'm not
2:02 doing is going in deep and loading up
2:04 into positions that I'm holding
2:06 overnight. where I'm making all of my
2:08 money has been in the A+ scalp trade
2:10 setups that I teach and provide in the
2:12 stocks with Josh, a community,
2:14 protrading community called Chart Goat
2:16 University. We traded them live
2:18 together. It was a very successful
2:21 session. We had a beautiful 55% win
2:23 right at the end of that session and an
2:27 earlier 30 to 40% win. a great time. And
2:30 uh if you are tired of trading alone or
2:32 you need to better understand the
2:34 charts, do it in a friendly, safe
2:36 community. We've got a number of Crown
2:39 Traders. We've got eight live trade
2:42 sessions right now and five uh teaching
2:45 sessions each and every week. Come check
2:46 it out. It's the name of the show,
2:48 Stocks with Josh. Name of the website, www.stockswithjosh.com.
2:51 www.stockswithjosh.com.
2:53 Welcome to Wall Street. This is the
2:55 Stocks with Josh show. Thank you for
2:56 dropping a heart in the comments,
2:58 hitting the like, and hit the subscribe
3:01 to get December's play. Now, let's talk
3:03 about SoFi being November's pick. I gave
3:05 it to you yesterday and the price
3:08 exploded. Now, at any given time, post
3:11 market, pre-market this morning, if you
3:14 had taken a position and it continued to
3:16 rise the way that it did, it did
3:18 something that makes trading and making
3:21 money on Wall Street so much less
3:24 stressful. It went up after I gave the
3:27 alert, which means that once it once you
3:30 buy in and it pumped the way it did a
3:32 couple dollars, it allows you to put
3:35 your stop loss in at your entry price so
3:37 that you don't have to lose anything. If
3:39 it comes back and kicks you out, the
3:41 only thing that you might have lost is a
3:44 little bit of time, but your capital was
3:46 kept safe and secure. Now, I'm going to
3:50 continue to hold my SoFi uh as we
3:51 continue to go forward, but ultimately
3:53 it'll be my stop loss that determines
3:55 whether I get out of my swing trade
3:56 position. I'm going to go over that with
3:59 you guys today. Uh but I just want to
4:01 let you know, we're still holding this.
4:02 It looks good. We're going to go into
4:03 the charts. I'm going to give you guys
4:04 an update on those technicals. We're
4:06 going to go over the spy. I'm going to
4:09 give you a sneak peek at the Tesla chart
4:10 because I want to make a prediction over
4:13 there that I broke down in greater depth
4:14 in the live trade session this morning.
4:16 And we've got to talk briefly about
4:19 Poet. P O E T. Now, this is an
4:21 interesting company. I'm going to read
4:22 you what they do because it's so
4:24 freaking technical I can't commit it to
4:26 memory. Poet Technologies builds an
4:29 optical interposer platform that
4:31 integrates lasers, modulators, and
4:34 drivers with silicone photonics to make
4:36 cheaper, power efficient optical
4:39 transceivers for data center AI
4:41 networks. So, these guys are part of the
4:43 equipment game. It's very high-tech and
4:45 sophisticated stuff, but I want to point
4:47 out that this stock, of course, in the
4:50 last year has traded under a dollar and
4:53 it ran up nearly to $10. Now, it's
4:55 pulled back tomorrow morning. They're
4:57 going to report earnings and Wall Street
5:01 is expecting a negative 9 to a1 earnings
5:03 per share. So, if it's worse than that,
5:05 then they're going to find themselves in
5:08 trouble. The stock right now is sitting
5:10 on support. It's in a very vulnerable
5:13 place in the sense that it could easily
5:16 bounce off a surprise revenue earn or
5:18 some uh new data or some better forward
5:21 guidance. It could pop. But if Wall
5:22 Street doesn't like something that they
5:24 say, it's also in a vulnerable spot
5:26 where it could drop quite a bit. Let me
5:27 take you guys briefly into the poet
5:29 chart. I'm going to give you guys some
5:30 new trend lines that'll help you
5:33 navigate your trade plan. I suggest you
5:34 develop a trade plan. I'm not giving you
5:36 one. I'm giving you technicals today,
5:38 but you've got to put that together with
5:40 a trade plan so that you can make money
5:41 on these types of plays. I want to
5:43 highlight the long-term opportunity for
5:45 Poet. What originally attracted me to
5:48 this company was that it's an AI stock,
5:50 but it had this huge, massive
5:52 institutional buyin down here. You see
5:55 in volume, this was a buy signal for me,
5:57 but we've obviously gotten some pretty
6:00 ugly candles recently. This massive wick
6:02 shows uh the sellers took control of the
6:05 move and now we've got a red engulfing
6:06 candle that brought the stock price all
6:09 the way back to $5. Now the truth is
6:12 tomorrow morning it has to run and it's
6:15 a buy if the price gets above six
6:18 because if the price pushes above six,
6:19 we're looking at monthly candles, by the
6:22 way. If the price pushes above six, then
6:24 that can bring us all the way back up to
6:26 the recent high and it could allow us to
6:29 see continuation up to $12. So we could
6:32 have a 100% opportunity in Poet.
6:35 However, obviously this shows a lot of
6:38 local weakness. I gave it the PSMV score
6:41 and it came out at a $410. So it is
6:43 bearish leaning. I just want to
6:44 highlight to you guys that this stock
6:46 was under a dollar and I think it would
6:49 be attractive again to me at around $4
6:52 or a move above $6. That's how I'm
6:53 viewing poet right now. All right, I'm
6:55 going to take you guys into the SPY and
6:56 a quick peek at Tesla and then we'll
6:59 jump into SoFi here in just a minute.
7:01 But as I said at the beginning of the
7:03 video, even though we've been seeing a
7:05 lot of red and it feels like the markets
7:07 are crashing because big tech is the one
7:09 that's getting hit the hardest, the fact
7:11 is the markets are holding up very well.
7:12 And I think you'll see that by looking
7:14 at the monthly spy chart. Let's go check
7:15 that out. All right, two things that are
7:17 super important. The trigger for a
7:19 continuation higher and a brand new high
7:23 in the month of November is 68590.
7:26 Roughly 686. And you can see that this
7:29 candle has gotten quite a bit of a wick
7:31 on the bottom. That's very bullish. And
7:35 it's in a series of 1 2 3 4 5 6 7
7:37 bullish candles. And so at the moment,
7:39 this is not falling apart. We're very
7:42 very close to all-time highs. And if
7:43 this candle turns green, I have to
7:45 imagine that we're going to get a huge
7:48 blowoff top moment because so far we
7:50 don't have a single bearish candle on
7:52 this chart. I also want to highlight to
7:55 you that we are not seeing volume going
7:57 down as price is climbing. That would be
7:59 bearish divergence. We're actually
8:02 seeing volume go up as price is
8:03 climbing, which shows that the momentum
8:05 is building. Now, let me just make a
8:08 case for the bears real quick. If we end
8:11 up pushing briefly higher and we end up
8:14 coming back and this month largely ends
8:16 up being a dogee which is a plus sign
8:19 candle. Dogee is a Japanese word that
8:21 means same as the opening and the close
8:23 are the same. This would be then setting
8:25 up on the very high time frame of the
8:28 monthly chart as to be an evening star
8:30 which is a very bearish pattern. And if
8:33 it were to play out that way and we got
8:35 in the month of December a flush down
8:38 candle that closed beneath this previous
8:41 September candle's opening price. So if
8:44 we close down here at around 662, that
8:47 would signal a move bringing us all the
8:49 way back
8:51 to right around 640. So I wanted you
8:54 guys to be aware from the bears. If
8:56 you're a bear, that's how we would get
8:59 to 640 if this candle doesn't turn green
9:01 on us. Now, let's take a quick peek at
9:03 Tesla. I just want to show you that
9:04 we've got this uh this is always a
9:07 bearish structure. Ascending channels
9:09 often break to the downside, but we're
9:11 still within the channel and but we are
9:13 beneath the bottom half. And as I always
9:16 say, top half of every pattern belongs
9:18 to the bulls. The bottom half belongs to
9:20 the bears, which means that even though
9:22 we are still up at these elevated price
9:24 levels, we're in the hands of the bears
9:27 right now. We've hit the top and we've
9:28 retreated and very likely we're going to
9:30 have to come back and hit this bottom.
9:33 Where's that bottom? Watch for a move to
9:37 416. And that's our next best hope for a
9:40 bullish Tesla to bounce. It needs to
9:43 pull back to that 416 and bounce. Right
9:45 now, it's been largely moving sideways.
9:48 And I do see the possibility for that to
9:51 come down to 416. I don't at the moment
9:53 expect that level to break. But if it
9:55 did, the next level beneath that would
9:57 be the psychological level of 400 and
9:59 then beneath 400. The only support on
10:02 Tesla is all the way back there at 360.
10:05 Now, the macro would have to unwind for
10:08 Tesla to fall apart like that. I am only
10:10 now predicting that in the near-term
10:12 future that we're going to come back to
10:15 at least that 416 on Tesla. Let's see
10:18 how that turns out. Let me know in the
10:20 comments what your opinion is. If you
10:22 think Tesla is getting ready to break
10:24 down, as I'm suggesting, minimally, not
10:26 significantly, or if you think it's uh
10:28 ready to rip higher with the rest of the
10:30 market. As we just talked about with the
10:34 spy, if if we hold this level and that
10:36 monthly candle turns green, we could get
10:38 a powerful move. It would bring all the
10:40 bulls back to the market and people
10:43 would be feeling like they missed buying
10:45 another dip. I think the markets are
10:48 undecided, but you have both views with
10:50 the analysis I just gave you. Okay, we
10:53 came to talk today about SoFi again, and
10:54 I'm going to give you the short-term
10:56 view and the long-term view. Let's start
10:57 off with the short-term view. Let me
10:59 take you into the charts. Okay, I want
11:01 you guys to be aware of of some
11:03 bullishness and bearishness. We are
11:06 climbing nicely off of this recent dip.
11:08 Everything is healthy about the Sofi
11:11 move. However, we have recently, just
11:13 today, established what could be a
11:16 double top. Double tops are bearish.
11:20 They get confirmed if the valley of the
11:22 two peaks gets crossed. And so, the real
11:25 danger zone for Tesla moving forward is
11:27 $28. And I had mentioned that in a
11:30 recent video. 2750 is what needed to
11:32 hold as support. Now, since we popped
11:34 $3, you can see that I've raised the
11:36 stop loss to 30 bucks. But if we end up
11:38 closing a daily candle beneath 28, you
11:41 take the neckline of the double top and
11:44 you put that at the valley of the double
11:46 top. And look, that gets us all the way
11:49 back here to 23. And uh again, this
11:51 would be if the markets had a larger
11:54 pullback. If we can close a candle above
11:58 3204, we're going to squeeze to $36.
12:00 That's the shortterm trade. Let me
12:03 remind you, stop loss now raised to $30.
12:05 Now, let's take a look at long-term
12:07 SoFi. For long-term SoFi, I just want to
12:09 highlight what an incredible move we've
12:12 got. The volume here, and October's
12:14 volume being the highest, and November's
12:16 volume has not been disappointing. It's
12:18 continued to climb. And so, this is
12:21 absolutely in a parabolic move right
12:23 now, and it's not slowed down. There's
12:26 no red candles here. So, as a long-term
12:29 SoFi holder, this feels very, very good.
12:32 However, you can see that we're at a fib
12:34 level. It's this one fib level, and then
12:36 if we cross above that, and that's
12:38 largely at $32. If we cross above that,
12:40 we get all the way up to the next fib
12:43 level, which is $38. And then the other
12:44 thing I want to highlight, I've talked
12:46 about it many times, is that secular
12:48 trends die in the golden pocket, and
12:53 that's way up here between 46 and 56.
12:55 And this would be the ultimate target
12:58 for SoFi in the course of the next six
12:59 months. This is where I'm looking for it
13:01 to go. You know, this has been one of
13:03 those stocks. I can't promise you that
13:05 tomorrow it'll be higher. Even though I
13:07 did the video yesterday and today the
13:09 stock was $2 higher. But what I can tell
13:11 you is that it's extremely strong. It
13:13 passed all of my tests for price
13:15 structure, momentum, and volume. I
13:17 reviewed that in yesterday's video. And
13:20 I don't see why this journey up on SoFi
13:22 right now wouldn't end in the golden
13:25 pocket at that higher level. And so this
13:28 is one that every red candle has been a
13:29 buying opportunity and I think it'll
13:32 continue to be that way. But as I said
13:34 in regards to the trader view, you got
13:37 to watch specifically that $30 level
13:39 because that's our stop-loss level for
13:41 those who are trading especially
13:43 short-term options. And if that gets
13:45 broken, then we want a beautiful,
13:48 healthy pullback to $23 where I would
13:52 load right back up into a larger uh
13:54 skips and leaps and go long again. So,
13:56 I'm happy with the SoFi play. It's
13:58 continuing to perform well. If you
14:00 jumped on it the minute that I shared
14:02 the play from yesterday, you made some
14:05 money and now the price is above your
14:07 entry. I hope that that you have made
14:08 some money on SoFi. Let me know if you
14:10 think it's going to remain a top pick
14:12 for November or if the markets are going
14:14 to just turn around and pull everything
14:17 back. We're still in a time of
14:20 indecision. Big tech is what's soft
14:23 right now, but the Dow and the other
14:25 companies in the S&P are holding things
14:28 up. And if Nvidia signals that the AI
14:30 trade is alive and well, then big tech
14:32 will come back and join the up party.
14:34 Let me know what you think. I'll see you
14:35 in the next video. Don't sleep on the
14:38 stocks with Josh Discord. We made money
14:39 today in the live trade session. We did
14:42 extremely well and I plan on doing it
14:43 again in the next live trade session.
14:45 Peace and blessings, my friends. I'll
