OCT Stocks Pumping NOW 🎉 Plus SPY Analysis

All right, I've got a bunch of stocks to go over with you guys today. Welcome to Wall Street. This is the stocks with Josh show. I'm gonna lightning round some of the stocks I've talked about over the last three weeks. Rocket Labs, it's the last stock that I gave you guys uh Friday and it went up $3 today. It's not showing uh reversal strength just yet, but if you got in, you made some money. I love Rocket Labs under $50. AVGO. Now, the minute I talked about this, I told you guys that it could pull back to structural support. And like a lot of the uh AI stocks, this one's been getting hammered, but I really, really like the opportunity here with AVGO going into 2027. It's one of my favorite stocks to be accumulating. I think in their Q3 earnings, we're going to get an upside surprise on AVGO. But be careful. Don't go in too deep. Uh this is uh speculation on my part and I'm going to cover that chart some more in the coming days. I talked with you guys when I last covered it that this was one that's in a stage of accumulation, which means it's not a scalp. It's not a quick swing trade. It is accumulation is when you like something and you're looking further out and you're picking it up and you're loving it even more on red days. Now, Netflix, I was in a successful trade holding a position around $69. It ran up to around $73. I did raise my stop loss, but unfortunately, the price came back down and stopped me out of my Netflix position. And I have mixed thoughts on Netflix. There is an opportunity that if they came out with some positive news that it could run as high technically as $90, but I'm not in it right now and I'm waiting for something. Maybe I've got to do some more fundamental research. But from a technical perspective, the stock is showing a ton of weakness. And I find that when I get into a play and I get stopped out, stopped out, and stopped out, maybe it's time to give that one a break. So, at the moment, I'm not back into my Netflix. I will comment that Netflix is reporting earnings tomorrow after the market close and so I'll be watching it for a good portion of tomorrow to see if I want to try to take some more risk. Let me know what you guys are doing with Netflix. Try to use a stop-loss on these trades because they can save you a ton of money. Now, a trade that's been my biggest win in the last couple weeks was actually one of the biggest dogs on Wall Street. Some people call it dead money. Just me and Tim Cook like Nike NK I have successfully traded this numerous times and in the stocks with Josh Discord I said guys I'm going to take a little nibble on this but the perfect buy price is $32 and I think we're going to have a dip down tap it and reverse and that's exactly what Nike did now we've gone up quite a bit at this point it ran all the way up here to above $37 and I'm still in this position But I have raised my stop up right around $36.60. Let's see what happens. Let's see if there's any more gas in the tank on Nike. But again, I'm using a stop-loss and so I could get triggered and I'll take my money and be happy with it and wait for another dip. Now, I have to highlight Nvidia. I've talked about Nvidia quite a bit over the previous weeks. And I specifically said in my last video, I said Nvidia's not done falling. It's got more room to the downside. And I said, "Don't get fooled by a strong green candle anywhere between now and 206 to $200." I said, "That's your buy zone." So, under 210, between 206 and 200 is your ideal level to begin to look to nibble and take new positions. I said if you see a green candle, that's your opportunity to short. And that turned out to be 100% true. We did as the stock fell got one more green candle and that was the perfect opportunity to short because it's continued to fall and like a lot of the AI stocks and the memory sector and chip sector it's getting hammered and I'm not seeing Wall Street uh piling in just yet which makes me believe that there's more risk to the downside. Now two stocks that are reporting earnings this week, Meta and Tesla reporting Wednesday after the market close. I'm going to cover those over the next couple videos. And as I said about Meta in my last video was not about Meta, but I threw out a comment. I said there's more risk on the bulls in Meta right now. There's more opportunity for this technically to come to the downside and that's what we saw. We saw this thing have a pretty strong dip. Now, let's cover MU real quick. The story there is that it's come down to support. It did generally reverse in my support range, but the volume is the problem. Now, I've seen reversals occur on low volume in the past, but I'll just tell you right now that the bulls can't be buying with high confidence on such low reversal volume. Normally, when you get low volume, it means institutional or smart money is not involved. And it's best for retail traders to wait until they see Wall Street's high conviction before getting back in. MU at this point is looking like a lot of the AI stocks and the memory stocks. They're all sort of looking weak still. Now, what is not looking weak? Well, I tell you, I am super proud of calling out the value stocks, the blue chip stocks like Walmart Coca-Cola Pepsi Caterpillar a bunch of different ones. Unh. I said all of these are going to do extremely well in October. I said, matter of fact, you want to be buying on the last day of September and riding them higher in October. And all of those are way up off their lows. Walmart, all of these guys have been doing very well. And I don't think that the up move is over on all of them just yet. I think they're going to continue to perform well in October. While the AI stocks and possibly memory stocks are going to be chopping up at the bottom, these plays are going to be chopping higher throughout the end of this month. Again, thank you for joining me. Thank you for hitting that like and that subscribe. Let me take a minute and start this video off with a review of the spy. Now, I haven't talked about the spy in the last couple weeks, but I talked about it almost every day. And I hope that you guys who have been subscribers of this page and watch my videos regularly remember that we're watching the weekly RSI for a potential flash crash or downturn. Now, I'm not predicting that. I just want you to know that as time has gone by, we're continuously compressing down until we have officially crossed beneath the 60% level on the RSI in on the weekly time frame. And you say, what's the problem with that? Well, when that happens, we are 100% exposed to what I would refer to as a very dangerous 30-day window of time in which we can flash crash and correct. And I already think I know exactly where we would go. And truth be told, let me just give you the good news in advance. And some people are like, well, I think it sounds like bad news. No, it's good news. The flash crash that we could potentially get that has not triggered yet, and I'm going to show it to you in the charts, would be an 8% pullback. And that would line up with historical pullbacks that have occurred in October to December in a midterm year. We still haven't gotten that midterm correction. And they do still occur in October, November, and December. And at this point of the year, if they haven't occurred, the risk of a more significant downturn is diminished. And we're largely only looking at 8%. And what's really cool about that is if we got that type of a pullback, it would pull back to a previous level of support that we have seen the market react to in the past on the RSI. Let me take you into the charts and show you that. I think it's really cool stuff. I hope you enjoy it. Let's go look at the spy. Okay, we have been climbing and chopping higher for months now between this 783 and 750. Now I will point out to you that we have a what's referred to as a bearish ascending channel. It's the type of structure that is bullish while price remains in the structure but can become very bearish if price breaks out beneath the bottom of the structure. It means we could potentially have a much bigger downturn. Now, we not only have to deal with this ascending channel, but we actually have a narrowed bearish ascending wedge, which we are, as it stands, sitting right at the bottom of. Now, we are just a few dollars above what I would say is the fine lines of that wedge at $760. Now, you can see that I have marked on my chart this 714, which means if we break that channel, and we ultimately cannot hold 750 at any point in the future, we're going to come down and hit this 714. But what I want you to pay attention to is the weekly price action together with the weekly RSI. And I want to point out to you that the last time that we had this huge dip, that was back in March of 2026, what we did is we had continued to bounce off the 60 RSI. We compressed for a while until we were no longer able to get above the yellow moving average. We broke beneath the 60. We back tested it. And when we broke that back test, we got this big massive flash crash down. It took about four weeks to resolve before candles started turning green. And it was an incredible buying opportunity that took us from roughly around 620 all the way up to 780. That's an opportunity that we might be seeing very soon here on Wall Street. So, here we are. Here's the 60% ever since we got overbought. We have been bouncing on that 60% a couple times like we did before. Then we've sort of consolidated around the yellow moving average line. Now, we closed last week underneath it. We've back tested it. If next week we go lower, well, we kind of have an idea of where we might be going to. And that aligns with the 40% level on the RSI, which is an incredible spot where the market could potentially reverse and then the market could climb going into the end of this year. Now, let me just show you the way this looks a little bit more. We also have this particular time around. We have this ascending line of momentum support which is where price reversed and it now has two touches of support which means that if we came down to this 40% level which is this 714 price point. This could be where we turn around and bounce and have a lot of upward momentum going into 2027. What's going to happen based on what's happening with the RSI which measures momentum acceleration in the market. Is it going to be giving us acceleration higher? Is it setting up for that providing structure that's building upon previous structure pushing momentum higher or is it going lower? Right now we have been uh structure on momentum has been breaking down for months. Now it's at the very bottom of the level in which acceleration could now be to the downside. Not predicting it, but I'm warning you that you want to pay attention to it in the charts. Let me know what you think. Peace and blessings. Don't sleep on the Stocks with Josh Discord. I've got the best tools and the best community and we actually live trade every morning and every afternoon. Tons of opportunities to trade with people instead of trading alone. Peace and blessings. Talk to you soon. >> Green socks, green day. >> Don't jinx it. What are you doing? Can't move. The trade's working. Buy the dip. Take a sip. Are the results good though? Define good. Or you can trade with people who actually know what they're doing. Live sessions every day, levels before the bell, a plan on every trade. >> Okay, that does look better. >> Trading alone gets weird. Trading together gets better. In the Stocks with Josh Discord, we trade live every market morning. And you get the tools to help you succeed. trade alerts, custom indicators, and a plan on every trade. Join us today. Link is in the description. Can I keep the socks? >> Sure.