Rockets Away 🚀 Big Tech Stock might go higher sooner than later

I want to talk to you guys about a bunch of hot stocks and I'm going to share some important news stories. Let's get into it. Welcome to Wall Street. This is the Stocks with Josh Show. Thank you for joining me. Thank you for hitting the like. If you're trying to get 1% better on the charts, which I teach on this show every single day to take risk on Wall Street, then hit that subscribe. I had an incredible session in the Stocks with Josh Discord today. We live traded as a family and there was folks in there making hundreds, not a hundred, two hundred, three hundred incredible percentage points on the trades that we called out. Meta was the big winner, but we had a ton of them. Microsoft right at the open was the one that we took to the upside for over 100%. Tesla later to the downside and again, Meta was the one that gave everybody the very, very big percentage point gains. That one was shouted out by Money Mike. We want to give him credit for that. So, if today was not a winning day for you, then consider joining the Stocks with Josh Discord. We live trade every morning and every afternoon during the power hour. Me or my Crown Traders, as well as the fact that we have a foundational game plan tools for you to use and follow so you can gain confidence in taking risk on Wall Street. I'm not telling you it's going to be easy. Wall Street is the hardest way to make the easy money, but you got a lot that you've got to straighten out. You've got to use disciplines and rules to make it work. All right, so let's get into our topics for today. I've got a new segment called macro problems because they are stacking up and so I want to keep you guys abreast of the things that could move the market in the days ahead. So, what is going on with America's debt? Since 2006, Washington has added nearly 32 trillion dollars to the public debt. Now, the economy only makes up 19 trillion. Public debt went from under 40% of GDP to around 100% of GDP. They say it could eventually reach 175%. Washington is running recession sized deficits while claiming that the economy is strong. Eventually, the bond market's going to push back and they're not going to be able to finance it that cheaply. Rates are going to go up, mortgages are going to go up, and stocks will take a hit, especially technology stocks and companies buried in debt. Now, even though Nvidia has taken off like a rocket tonight, remember that we're not near its all-time highs. We're making a lower high, and the market is still in a period of trouble, and even the spy is not at the top. We're trying to recover or regain the top. Valuations are going to fall. Profits are going to get squeezed, and volatility is going to explode. Keep your eye on the VIX. If Congress refuses to control the debt, the bond market will do it for them, and that's not going to be a gentle process. That is your macro minute of trouble ahead. Okay, let's jump into some stocks like Netflix. I'm going to quickly take you into the chart, and I'm going to show you what it is I like about that play. I'm not in it at the moment. I'm waiting for a pullback between 80 to 81 because I believe it's going to push up to 83 to 85. Let's go look at that chart. All right, Netflix is one of the nicest looking charts on Wall Street right now. We have been steadily stair-stepping higher day after day in a beautiful upward trend. Now, we hit 83 or very close to it today. We're pulling back a little bit. I want to get in between 80 and 81. Tonight is an opportunity. After I shoot this video, I'm going to go buy a little bit because I believe the next step up is going to put us between this 83 to 85 target level. The trend is climbing higher on Netflix. Now, INTC. I've talked about this one a lot. I'm trying to get the bottom. I'm trying to look for a reversal. Now, the last time I mentioned it to you, I said you want to be in it if it gets above $88 because it's going to push higher and test 90. You want to be going short if it gets below $86 because it might have to go back and test 82 to 80. Well, tonight it climbed above $88. I'm in it. I wanted you guys to be aware of it. And now I don't know if the downtrend is over. I will get out of it just as easily if tomorrow it pulls back under 88. Wanted you guys to be aware because this one we've been tracking and trading and it's on the move. Now, it's time to talk about ServiceNow that had a great earnings event and they've got some great integration with Anthropic. Let's go look at the ServiceNow chart. All right, I originally brought ServiceNow to your attention at 103. We ran it up and above 117 all the way to 120. I told you that if it could hold 117, we had a very high chance or likelihood that we would go up to 136 and you can see that it is clearly holding structural support, the red moving average line on the chart, which is the 30 EMA. We've only come back and tagged it two times and we pushed higher. Now we're at a point where it's pushing up against 130. We're getting very close to that 136 target. I'm going to continue to ride this one higher until the move is over. Now for my next segment, let's watch this short video. >> WOAH, IT'S GOT ME. >> That's a little one. >> Little? >> For August. >> Think she'll make it through here? >> How much lift you got? >> Needs more thrust. >> Boy, don't. >> Needs more cayenne. >> Still smells good. Beautiful. >> Mars needs seasoning. >> Now you're learning. [music] >> Get on up there. >> We're headed to Mars. >> Hell, I was just looking for the bathroom. >> SpaceX making Mars a little [music] more southern. >> Shoot, I forgot the seasoning. >> Okay, I got to appreciate my team for putting that together. So, SpaceX got some big news today about a ton of spending and build-out and I do believe it's got implications for Tesla that I want to cover with you guys. Today, in less than 3 weeks, SpaceX and its partners have announced two mega projects totaling at least 116.8 billion dollars. In Texas, they've got the Terafab start with a 16.8 billion investment to manufacture AI chips for Tesla vehicles and Optimus robots creating 3,000 jobs. In Louisiana, SpaceX plans a 100 billion dollar starbase capable of supporting thousands of Starship launches annually with roughly 11, 100 direct and indirect jobs. The announcement arrived after President Trump called for a thousand launches and reentries annually by 2030. So, that's good news for SpaceX, but the reason why I'm talking about it with you guys tonight is its impact on Tesla. Now, I've talked about the fact that Tesla would run up to 350, that we would get rejection, and it did that, and then it continued to climb. Now, we're going to be in an indecision zone right now on the Tesla chart. I'm going to show that to you for a minute, but I want to entertain with you that Tesla could surge and may not fall as much as imagined because of a possible SpaceX takeover premium. Now, there is a path for Tesla to hit 400 and even 500 dollars. Of course, SpaceX would fall over the cost of dilution. After closing, Tesla would stop trading and the shareholders would get SpaceX stock. Then comes the extreme bull case: rockets Starlink AI autonomous vehicles, Optimus, energy, and chip production. All of that being under one roof, one company, one ticker, SPCX. And Wall Street has already valued all of that at between 5 to 7 trillion dollars. So, the big question is, with that news in hand, how do we figure out what to do with our Tesla positions? How do we hedge? How do we protect against a fall that the charts seem to be implying, a trend that's clearly moving down? But, with that whole idea on the table, how do we trade Tesla from here? Well, we do it one candle at a time. Let me take you guys into the Tesla chart. Okay, when we were at 325, I predicted a move up to 350 and rejection and we got that, but it quickly recovered 350 and I actually shorted it again there and we got that, but it quickly recovered 350 again and moved all the way up to close to 370. Now, what is going on and why is this continuing to show strength and what is Tesla's next move? Well, if you look at the big picture view of Tesla, it's clearly in a downtrend making a series of lower highs and lower lows, but if you take into consideration the SpaceX news and what could happen, it might not descend as much as had been previously predicted. So, here's what I want you guys to understand and here's what I have to do and consider in looking at my Tesla position. We have gotten above 350 a number of times. Each of those have opened up an opportunity to short the stock. However, we are still very close to it. We're in a place where we need to tighten up our game plan. So, 340 is a tighter trigger for a move to the downside and 365 is your new trigger to the upside. Now, here's what you need to be aware of. No major decision on Tesla can be made until we get above 365 or below 340. I'm not going to take on any major decisions until either of these two ranges are broken. Even though those are your immediate triggers, I just want to remind you how important the 350 level is. If we get back above this for any reason, I'm going to begin to believe that we could have a move all the way up to 400. So, I wanted you guys to be prepared for that. Similar to Netflix, this thing is just sort of steady stair-stepping higher. We are outside of that range right now with this doji, but if we jump back up above 350 and get in that range, I'm going to begin to look at 400 very seriously and I'm going to begin to the potential merger between Tesla and SpaceX could be much closer than anyone has anticipated. That's your video. Thanks for watching. Hit that like and subscribe. Come join the Stocks with Josh a Discord to live trade with me still this week. Peace and blessings, my friends. I'll see you in the next video.