SoFi Stock About To Go PARABOLIC!?📈

So, SoFi stock looks awfully close to breaking out here, guys. Up over 3 and 1/2% on the day, just under $19 a share as every index in the US market is up. Oil's down, the VIX is down, and we have Bitcoin trying to break through 80,000 dollars. So, guys, we have to break down SoFi, the charts, where my head's at, overall what I'm doing in this market. So, hit the like button, make sure to subscribe, join my Patreon if you want to keep up with my portfolio updates, my trades, investments. And if you want to be a part of my private Discord, all that's linked down below in the comments, in the bio, or go to stossurfest.com/patreon. And now, let's dive into it. So, again, SoFi is up over 3% trading just under $19 a share as every index it is not crushing it. We're not seeing a crazy green day, >> [clears throat] >> but we are up across the board. The Qs are up over 0.6%. Russell's up 0.3. S&P's up around a quarter percent. Here's the Russell up 0.3 as the Dow is up 0.1, 0.2% barely as it's up around 71 points. And we have Bitcoin pushing 80,000 dollars. In fact, I think we hit 81. Was that this morning or last night? Yeah, last night we hit 81.3 on Bitcoin. And believe it or not, even though it's up a lot, it's still not fully breaking out, which we talked about in the last couple of videos, right? Bitcoin needs to take the highs out from the beginning of May, middle of May. We hit about 82, 83,000. We're still not above that. In fact, you could argue we got rejected there as we failed to break out >> [clears throat] >> overnight. Uh but it's safe to say now we've filled the gap on Bitcoin that we talked about a couple weeks ago from 65 all the way to 82. Now this is the real breakout spot. I have no doubt in my mind Bitcoin will eventually break this, but in the very short term if it does break it, in the very short term, let's say in the next couple of days Bitcoin cleanly takes 83 out, all these Bitcoin related stocks, maybe not all the stocks, but >> [clears throat] >> a lot of those are going to go nuts. We're already seeing it. Robinhood's at 111, up 7% on the day. We have Coinbase up 3 and 1/2% Circle Internet Group 3-4% up, and those are set to go even higher in the very very short term if Bitcoin cleanly cuts or breaks out, cuts through, whatever you want to call it, 82.5 to 83K. We'll see. What do you guys think? Let me know in the comments. But overall, very solid green day for the market and SoFi trading up over 3% and now we're starting to see this is breaking back over the moving averages on the 4-hour chart. We're noticing on the 5-day 5-minute a higher low got put in this morning at $18. We held the closing price as well from Friday or that or yesterday, excuse me. We hit 1820 at close yesterday. We held that pretty much, you know, on the dot today and rallied off of it. So we're putting in higher lows and on the 30-minute chart it looks very choppy. I mean, we're all over the place, quite frankly, but we're testing the breakout spot, $19. That's one of the breakout spots, 19 to 20 bucks here on SoFi. You're noticing it on the 1-hour time frame as well. The fact that, and I said this before, I'll say it again, the fact that SoFi has been, you know, chopping around all August is actually a very good sign. Notice how SoFi tanked after earnings in the end of July. It got to 1480 and then rebounded all the way back to 16, 17 dollars over the, you know, two, three days after earnings. And since that point, really, I mean, it saw another pop on the 4th of August, 3rd, 4th of August. And since that point, we've kind of been gathering ourselves, consolidating, digesting the earnings and we haven't given back the gains from the days after earnings. In fact, we're good chunk higher from where we were right before earnings. The stock was at 1680, 75 right before earnings and now we're up 13% off that point. That's a very good sign in the short term that again, we might have bottomed. The balls are, you know, consolidating here, getting ready for that next move. We're putting in these higher lows. This looks like it's about to break out, you know, I don't know if it's tomorrow, I don't know if it's next week, but I'm seeing the signs, guys. I'm noticing the signs here. We can see we haven't really taken out 15 dollars on the downside and listen, we haven't taken out 20 bucks on the on the upside either. So, we're trading sideways here, but we keep getting squeezed towards the top of this channel. It kind of just looks like we're ready to finally break through. It's there's so much pent up kind of momentum waiting in the stock. Um, you know, it keeps kind of pushing towards 18, 19. It's getting rejected, but the balls are coming in fighting. It keeps pushing towards 18, 19. Eventually, it's going to blow. Eventually, the the lid's going to blow off this thing and the, you know, it's it's going to go to 20, 25. That's what I'm thinking. And it's coming sooner rather than later on SoFi in my humble opinion, guys. And I'd love to know what you guys think. Uh let me know in the comments as always. Um this is a stock that obviously I've been watching. Um and the reality is what could push it through it is potentially an S&P 500 inclusion. You know, that could push SoFi through this point. It's met all the, you know, requirements. Now we're going to see come September that next rebalancing, right? If it gets added or maybe the the time after that, who knows? That could be what blows the lid off this thing. But September's just a couple days away. That could be the catalyst here in a couple [clears throat] weeks, that next rebalancing in September, that could push this thing um a lot higher. What do you guys think? Let me know in the in the comments. Um and again, hit that like button. Make sure to subscribe if you haven't done so already. I appreciate you guys uh for tuning in as always. And hit that follow button. I think 50% of you guys watch the content, but you're not hitting that subscribe. You're not hitting that follow button. I need you guys to do that. Thank you. Without you, this would not be possible. And I appreciate all your, you know, daily support, weekly support, however often you guys watch. Um you guys are great. So, let's go over now a couple other stocks I'm watching quickly. I don't want to make this video too long again. Robinhood's ripping 7%. I'm not surprised. We were calling this out, um you know, well all the way back in April, May. We were calling it out in the high 60s, low 70s. And just about a week or two ago when the stock was in the low mid-90s, we were calling it out. So, Robinhood is ripping as crypto is a tailwind. We've covered that, not surprising. Um a lot of these AI-related stocks are rebounding a little bit today. Uh we have Nvidia up 2% heading into earnings tomorrow, which we covered in my previous video. Make sure you guys go check out Nvidia. Stocks like ARM Holdings up 1 and 1/2% not bad. Netflix cleanly cutting 80 bucks. That's nice. Uh but it's not fully breaking out yet. Keyword is yet. On the one-year chart, we're still in a downtrending channel. We're right under the 180 SMA. This is a big spot on Netflix on the charts. If it's able to break out of 85 90 bucks, this could be running um even further, but we're not there yet. Keep that in mind. We have stocks like SK Hynix today rebounding, memories rebounding. Um it looks like >> [clears throat] >> it looks like our SanDisk callout from yesterday, guys. Hold on, let me get some water. Excuse [clears throat] me. Our SanDisk callout from yesterday did pretty well. We called out SanDisk at 1430, 1410. Boom. For a quick little rebound trade. Now it's back over 1,500. I like it. And maybe it's got more juice to go, but I'm being a bit cautious with a lot of these memories, semis, picks and shovels. Um you know, any of these stocks in the AI trade, I'm being cautious because of Nvidia's earnings. Because listen, man, Nvidia is the top dog. If this stock somehow pulls back 5, 10 dollars a share, couple percentage points, um that's not going to be good for the other AI names in the short term, in my opinion. Depending on guidance, we'll see, you know, who knows. Uh but it could bring down semi stocks temporarily. Um if Nvidia does get pulled back or pulled down a little bit. And Mercado Libre, outside of the AI space, is looking very good. Every day recently, it's been building, it's been building, and now it's finally starting to take out 1,900, 1,950. We're up another 2% on the day. We're right at 2,000 a share. And I think, honestly, uh we're going to break through it cleanly here. We actually did break out of 2,000 a couple of days ago or not day hours ago. Um and uh I think it's going to happen again pretty soon here. So, what do you guys think? Let me know in the comments, hit the like button, subscribe. Again, join my Patreon if you want to keep up with my portfolio updates, trades, investments. If you want to be a part of my private Discord, all that's on Patreon, guys. Link down below in the comments, in the bio. Go to stossurfest.com/patreon. I'll see you in there. And with that being said, cheers. Have a great rest of your day. I'll see you later.