The Big 3: GOOGL, SKHY, IREN

get your podcasts. Welcome back to trading 360. I'm Marley Kayden. It's time for the big three. We've got three stocks three charts and three trades for you. Alex Coffee joining us today to take us through the charts. Here to take us through the trades is Charles Moon stock strategist at Prosper Trading Academy. Charles great to have you on the show. I saw when we were setting up your shot that your puppies nearby. So if your dog wants to join us, we welcome. Turn this into a we'll call it the Big four if there will be four of us, even though you only have three picks. But let's just kick it off with a thought on the market action we're seeing today. I mean, a bit of a wild day. Oil's above 90. We've got the ten year at 4.71. Right now the dollar is over 101. The yen's at the worst of the dollar in 40 years. How are you looking at all of this? Well, you know, it's exactly kind of the environment that's being showcased. And, you know, again, my dog ran away. My students and clients aptly named him the rally dog. And he's having a pretty bad day, as you can see. And this is just a product of the market environment. You know, so far in July, Thursdays have been generally the weakest days of the week. You know, we're still dealing with, obviously, the turmoil in the Middle East, the rising costs of gasoline, which is causing more concerns about inflation and potential fed policy that essentially, once this Middle East drama and war ends, that's the next thing that we're going to have to face. What the effects of potential inflation could do to our economy. And, you know, this is just the market's kind of going back and forth. We're seeing, you know, names like Google that have reported incredibly, really strong, you know, fundamental numbers, really great projections, really great growth aspects towards ad revenue. You know, certainly the AI enterprise services with Gemini Cloud revenue exploding 82% year over year, and they're getting punished for CapEx spending. And that's just what it is. It's just everything's looked at in a short term fashion for now. And that's really how we have to view the markets in a very short term light. All right. So as we're looking at alphabet in a short term light here, I know that's your first pick in the big three today. Tell us how you're approaching this one with this move to the downside. I mean we're down seven and a third percent right now. Yeah. And again, you know it's unfortunate, you know, because they raised their CapEx for the year up to as high as $205 billion. You know, I was watching really closely at the 200 simple moving average. Is that 322 price? You know, if they're able to hold, I'd like to call side. They lost it today. And in fact, right off the bat they started getting trapped underneath. So I'm looking at the seven 31st July 315 puts at the time that, you know, I thought 420 was going to be a good price. It's a little bit above that. You know, you don't have to risk much. You're risking 30%. And as the stock rolls down, it could get as low as 305. That's the gap from April 7th, which was generally the day before the market exploded and went on. They're extremely bullish rally for several months. So I think that if we could race down to that. 305 that you could get a return of around 150% or higher. You know, the faster it goes, the better it's going to be. And that's exactly where the headed right now. All right, Alex, so as we look at the chart here for alphabet, there were some very high hopes on these numbers and a pretty negative reaction in response. What are you seeing in the technicals. Yeah. First thing to to note we should point out this is that 200 day moving average that Charles is pointing out. So we lost that this morning. Basically opened at that mark and been unable to meaningfully break back above that. That's so that's something to think about here as we look at it, as we consider here, that 305 level that he's mentioning is a potential target that would be somewhere around there. So we're getting dangerously close to the target even already. Now, I set these up a little bit differently here today than we did yesterday. This is more about how I think and I'm very color coordinated, makes things easy. We look at so many different stocks. So I like a stoplight sort of moniker here. Red light at resistance. Yellow light is sort of a pivot point. You know, if you're real close, you can speed through it. But if not, you're supposed to slow down. Of course, green being support this ties back to some levels that we had seen earlier on in the year. This chart only goes back to April 1st though, however, and the key pivot point here was actually the upside target that Charles was talking about. If you can reclaim that 200 day moving average, which right now sits at about 323, and that centers around 335. So 335 is short term resistance point to the upside. 305 Charles is downside target and then real resistance or real support rather coming in around 275. So huge move here today. My last check. Let's see here. It's down about $25 per share. Well some quick math $12 billion per dollar. We're talking about $300 billion in market cap being erased today just in alphabet. My favorite sort of you know loose metric. About $100 billion market cap. A little bit less than the market cap of Starbucks. We're looking at almost three full market caps of Starbucks being erased today. Marley I mean incredible. I love when you put it into perspective like that. So we can really quantify how significant these moves are because sometimes it's hard to gauge them when we just simply talk in the percentages here. But I want to move on to your next pick here. Not one we have yet featured on the big three, so I'm excited we have it in today. Charles, you've got SK Hynix here. Does this have any tie in to the reaction that we're seeing from Google? Yeah. You know, quite honestly when Google was reporting earnings and then again they got on their earnings call. We saw micron and SK Hynix actually perform really, really well. SK actually had more news. And actually the stock opened positive for the day while the market was down, you know opening down nearly 500 points. So there's a lot of strength in demand. Now certainly this is going to be highly sensitive to what happens in the KOSPI in the South Korean markets. You know we've seen the extreme volatility there. I think they've had their seventh or eighth halt down lock limit down for 2026. And you know this name along with Samsung generally counts for I believe 55% of the total market cap and waiting for the entire KOSPI. So it's an extreme powerhouse name. But you know, relating to Google during their their calls and especially talking about their expenditures, names like Avgo are going to benefit from this news. The memory plays are certainly going to benefit and more relative, obviously being the powerhouse that they are. Micron and SK Hynix were the two names that I felt were going to be the standout plays. So if we're going to work SK Hynix, I like it to the upside. Again, I like things more short term because of the market environment. I'm looking at the 731, the July 31st, 185 strike calls. They are extremely expensive due to the volatility and the implied volatility. So I'm looking to target these contracts at 1250 or lower. Now again working a tight stop at 30% because of the technical levels. I don't want to see them really break down below this 170 to 166 range. But if they could really balance and find a hold here, I believe that they could pop through 177, which is a key level. I believe they actually got above it today or they just tested it today. That was a small gap fill. And if they get through that level, I believe they could revisit their IPO high or actually start breaking out above. So I think the memory plays out of the AI segment right now are the must watch, at least for the near term with these hyperscalers reporting here. All right Alex so as we look at SK Hynix for the eighth year here since their IPO, obviously, do you see us potentially getting near that IPO price. Well, one thing I should say is we don't have a lot to go off of. Right. So no real indicators here. But this is the price action. Each candle represents one hour same sort of stop light sort of visual reference. So first thing I should note 170. It's basically we're trading right now that represents our pivot point. You can see as we look at it here in time, it's tested it throughout all of the last several days. It's also been a pretty relevant level way back here as well. Which way back here we're we're looking at last week. So again, only a couple weeks worth of trading here to the downside if we are to lose this, which we're trying to do now, the kind of support zone that I'm looking at is maybe in this 155 zone. And then a really critical level below that at about 149, which would of course represent that IPO or that basically that offering price that we got here for SK Hynix to the upside. Charles mentioned 177 that's in this range we tested that today, was unable to hold that, at least for now. And then I'm looking at 185. So yeah, the highs were up in the one 90s. But the spike highs and lows aren't oftentimes the resistance points. It's more where the actual supply starts to gather. And you can see way back here, we spent several hours kind of chopping around this 185 level. To me, that is an upside target, an upside resistance point beyond 177 to the upside. All right. Right now SK Hynix trading higher on the session. We're up about 1.75%. We're at 16819 for the 80 hours there. Now as we look at Iran we saw a really nice pop in Iran. I think about 20% to the upside off of this announcement of its new contracts. But how are you looking at Iran right now, Charles, and how would you trade this name? Well, this is going to be one of those plays that has to prove it to me. Again, I believe the data center plays, especially with Google announcing how much they have spent the last quarter alone trying to build out the data centers are certainly going to be beneficiary of the Google News. And again, that's kind of the theme here. You know, we've seen we've seen Iran and Hut actually bid up early this morning only to roll back a bit. And that's the key factor here. I was bumping into key resistance right around this 4350 price. So essentially I'm looking for that break above that level. Not only am I looking for that break, I'm looking for the price to sustain. So it's a bit of a validation and prove it to me. But I do believe that there could be a very short term bullish burst running straight to the 200 simple moving average, which would be targeting right in that 4849 range. So if it happens to break and hold, I would buy that 44 strike again. Short dated option 731 calls the July 31st calls at the 44 strike 375 or lower. It's it's a little bit wider risk and risking 50%. I believe the cash out will be at 80% or more. Obviously, if it breaks through that 200 SMA, it's going to gain and really be able to sustain momentum. But at least for now, this is going to be one of those plays that I'm just looking to take advantage of a small profit pocket. If the stock could actually show some really bullish and buyer demand. All right Alex so what are we seeing here in the setup for Iran. Are you seeing the potential for some bullish moves here. Well so first off here I really should emphasize that I have the same sort of setup going on. This goes back to April 1st. But this is a volatile name. And so when you look at Iran consider these lines more like areas. And despite the fact that this 43.5 that Charles points out, I think I mean, that is an excellent zone to look at sort of this pivot point. So this is basically been the area for the last month that has been the battleground. So that continues to be the case. We tested it yesterday, failed. We tested it this morning failed. So watch that area as this is a very key sort of infrastructure as a service company in this AI conversation. Now, I like to look at these resistance and support zones. Again, I talked about it being color coordinated, but I also kind of look at them equal distance. In reality, it isn't that clean, but you can still see if you add, let's call it, you know, seven and a half dollars to the upside here. You get to 51. Now, this 51 level has been significant at several times throughout the last several months of trading. So when I see that that looks again like an area that could be significant. You'll also see there are a couple indicators here on this line, one of which is the 50 day SMA. That is that teal line. It's converging towards that 51 line as we speak, as is the 200 day moving average just below that. So those also lend some credence here to a potential area to target to the upside. Now to the downside. You can look at this here. Going back to the lows of the last several months or even the most recent lows here in this area of the mid 30s. I have 36 here. That's seven and a half dollars below that pivot point. But we're really saying somewhere in the mid 30s as a potential support zone here. Marley. All right. So somewhere in the mid 30s right now we are at 4095 for iron trading down about a half of a percent so far on the session. Charles really appreciate you being with us for big three today. Maybe we'll give some extra pets to that rally dog so we can try to