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Tomorrow, the politicians test their support the way the market's been testing support over the last couple weeks, and it could get ugly. Right now, the market is still following. We had another red day and as I warned you recently regarding INTC, I said this thing is not done going down because the problem isn't technical. This isn't a reset. This isn't a dip. It won't be a V-shaped recovery. We're having trouble here because it's a fundamental problem and a lot of smart money already got out. Now, I'm not telling you what to do, but what I've been doing is looking at what's referred to as bestin-class. And what is best-in-class? Well, it's companies that, you know, absolutely uh they're going to be a little bit slower moving, but you know, they're not going anywhere. It's really more the value investing. And this is what I told you at the end of September when I called out companies like Walmart, McDonald's, uh Coca-Cola, and Pepsi. All of those have stacked green candles one on top of the other. And on that point, all eyes are on Apple right now. But to be honest with you, another investment worth watching is McDonald's. I'm going to cover both of those with you guys today. We're going to talk about important catalyst events and what they mean for the market. And I'm going to show you the important patterns in the chart. Welcome to Wall Street. This is the Stocks with Josh show. Thank you for watching. Let's talk about the spy real quick. Let me take you into the spy and show you exactly what's happening. Uh we do not have a clear signal. You might say, Josh, it looks red to me. That's pretty clear. I don't need it to be any more clear than that. But I will tell you that it's not that easy because right now the market is actually still in the camp of the bulls, but it's sitting on support. And so it's waiting. It's been selling off, but it's before it really gets ugly. It's waiting for something else. And it could be Apple's earnings. It could be the midterm election outcome. It could be the jobs report that's ahead of us. The market's recently been told by the Fed that the economy is strong, but he didn't feel the need to raise rates this last time. But if the job market comes out and employment is steady and wages come down a little bit, that will be good for the market. And it might be the catalyst event that the market's waiting on for the next directional move that we're going to get. You say, "Well, I thought it was red. I thought the direction was down." It's not that easy. We want to follow the charts. We don't want to get ahead of them because you can lose all your money investing on Wall Street. It's the hardest way to make the easy money. Let me kick things off by going into the spy. Okay, the interesting things I want to show you that recently when we came and bounced off off this 750, which I told you that we would this last time we actually made a higher low. These are very close to each other. They both came back to 750 and bounced. But this one actually was a higher low, which means that it's bullish. Now, the problem is is that it did go up a little bit. It couldn't get over 764. That's the other number that I called out to you recently and was the big trigger for the down move that we've got. We couldn't hold it and it led us all the way back to this 750 where it made a higher low. Now, we've come back and we're still inside this ascending channel. Now, these ascending channels are bearish only when price is broken. And right now, we're still sitting inside of it. We've got a couple touches here at the top. We've got a couple touches here at the bottom. And this is going to be a very important week. Now, I'm going to let you know that even though technically we are sitting on that branch just the way Trump was sitting on the branch at the beginning of the video, it's the RSI that we want to keep on watch. This is a flush zone. Every single time we have gotten into this zone, we've ended up flushing. The price has flushed and momentum has brought us all the way down to where I think we'll bounce next, which is the 40 RSI. And what would the price do if momentum came down to 40? Price could get all the way down to this 714. So, I'm going to tell you guys right now that it's a pretty scary time to invest. All of us are sitting out on that branch and you want to be careful with your money. I think you want to take risk only on companies that you feel very, very confident in. Right? And I know that you might love INTC or you might love CRWV or you might love APLD, but those are riskier plays. I remember back when the EVs were the hottest thing on Wall Street back in 2021. Neo, Tesla, and Lucid were going to take over the world with electric vehicles, right? But the best one to invest in was the bestinass. And not everything was going to succeed, right? And that's what I'm wanting you guys to think about right now. Invest investin class assets. The other ones can give you incredible returns, but you want to be careful right now. You can take more risk if the charts begin to get clear. Right now, it's kind of 50/50. We're sitting right on the line. We don't have clear direction yet. Let's give it a couple more days and let's at least get that jobs report before we take heavy heavy risk. Let me take you guys into Apple and show you what it is I'm going to be watching for there. And the reason why I'm covering it right now is that you guys can understand where this could possibly go. But even more important than that, I'm going to comment to you on how soon it could get there because I'm going to give you a target that I've found from the a technical view on the charts, but I also want you to understand it's not going to get there overnight. Let's go look at the Apple chart. All right. No matter what happens with Apple's earnings today, let me just show you guys that we have this ascending wedge. Now, this is bearish if broken. If price remains in the wedge, it can continue to climb all the way to the very tip. But eventually, this will break and more likely than not, it tends to break to the downside. So, how do you read this and where does it tell us that price could possibly go? Well, you take the mouth of the wedge and you put it at the breakdown point and that gives you a little forecast as to where price could go in the coming days. That puts it here right around 289. Now that what we want next is we want confluence. So we want to look at this chart and look at the last significant level of support which has recently already been tested and that's that ledge right here. This was the previous resistance zone that eventually got broken and even back tested right that gave us this monstrous move higher. But technically if we do break beneath this over the course of the remainder of this week we do have a target based on the mouth of this ascending wedge. Now, to the upside, and I want to be clear, we don't know whether this is going up or down. To the upside, we're going to go right back to this ascending line of resistance with multiple touches along the way. We got a cluster of touches here recently, and this can absolutely move all the way back up to the top, which would put us slightly above 353. Now, the middle ground for that is 343. If we get up to this 353, I think we're going to have another sell the RIP moment on big tech. But if we end up at the end of this week closing beneath 333 and it falls after that, well then you know where the target is closer to 289 to 280. These types of technicals are not meant to be a prediction. They're meant to explain the charts to you and help you understand where support and where resistance is and where price could actually move before people would want to take profit or begin to buy again. People want to be in Apple. It's a market leader. It's the world's largest market cap company as of today. Previously, in the recent days, that was taken over by Nvidia, but as Nvidia's faded, Apple has reclaimed that number one spot. Now, this is the nonAI story. Wall Street is punishing AI right now because of their concern about debt and ROI, but Apple isn't concerned about that. They've managed their money extremely well, and they've got a successful phone in the duo that has absolutely and completely sold out. And I'm having trouble getting my hands on one. and my business rep has promised me that he'll have one to me soon. I'll I'll show it to you guys as soon as it comes in. I think Apple is a solid company. I don't think it's going anywhere. I think it's a good long-term investment and uh you've got your price points to watch there as I've given them to you. Let's get into a couple more stocks. I wanted to cover Microsoft with you because it made a completion of a move that I predicted when it had its earnings. Let's go look at that. All right. I told you guys the night of its earnings I said will likely wick up to this 571. It will be a sell the rip moment. And if we close again beneath this 531, it will go to 509. And you can see that we are not only at 509, we're beneath 509. We're back testing 509. And so I'm going to call that a fulfilled move. So Microsoft, even though they did extremely well, all the success had been priced in and it became a take-profit moment. Now, I'm going to talk to you about one more stock that I really like that's doing extremely well, and I called it out right on this red candle at the bottom. A matter of fact, I came out and did a video and I said, "You want to buy this at the last day of September. You want to hold it in the month of October." Well, we did that. I came back and we talked about it right here at around 255. And the fact is, these guys report earnings this week. I'll tell you, it's got to be Wednesday, I believe. Let me pop open this screen. Wednesday morning, they're going to report earnings. And want you guys to see that we are clearly moving to back test this moving average, this 200 day moving average somewhere between 280 and 271. It seems as if MC McDonald's is on its way there. Let me know how you're doing on the value stock plays. Money is not leaving Wall Street. It's simply rotating into value plays right now from the growth story. And as I've been trying to tell you in these videos, be careful. Google. It's worth buying if you have a long-term vision for 2027. in my eyes for my portfolio. But as I predicted the day that it dropped, I said we're going to make a lower local low. We're not there just yet. 265 is the number one price point that I'm expecting to be hit. Now, the thing is, if it doesn't go down there, I don't want you to come back and blame me. That's why I've been nibbling on the way there. So, let me know what you guys are doing. Nvidia is also looking pretty ripe. I think it's one of those companies best-in-class that's going to continue to do well and I think it's going to outperform in 2027. I think we're going to make another brand new all-time high. So, it's looking attractive to me. And even though it could go all the way down to 190, I don't want to risk not buying at this level, I want to buy all the way down and increase my risk as we get closer to 190. Let me know what your favorite investment is right now and I'll do my best to cover these hot opportunities. Check out this video here at the end. Peace and blessings. I'll see you soon. Dang. $12. >> That's why I make mine at home. >> How can you afford steak with all this inflation? >> Bro, I can afford to spend money on what matters. All the times I say no to random things, I'm saying yes to what I care about. And it doesn't hurt that I grow that money in the stock market each week. Check out the Discord I'm a part of, Stocks with Josh. >> Whoa, is that your trading account, dude? Show me how to sign up. >> You don't need a lot of money to begin. You need discipline. Classes that start at the basics, live trading every week, and a chat full of people figuring it out with you. The stocks with Josh Discord start here. Does the Discord come with steak in time?