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what is going on everyone and welcome.back to the channel so in today's video.we're going to be talking about the.market going down.significantly yet again here on monday.the top three stocks that i'm watching.right now and a couple others that i'll.throw in and this whole.nicola motors mess so coming into today.we see that across.the globe not just in the u.s actually.last night futures look to be even.and then we open we wake up this morning.and we see the markets are down.significantly kind of hindering a lot of.stocks that had some momentum and kind.of throwing it off and making it a much.tougher day to.trade if you are looking for new stocks.to enter or for entries or for exits or.whatever.things like that even stocks did have.news for example abio a stock that i was.in.had news made a good 50 cent pop um and.then just fell.right back after that it was actually.red um for.quite some time so uh that that kind of.was what happens when you have a market.that's down so so much and now.we're down over two and a half percent.here on the dow we're still down at.least as one from this video.significantly here in the s p.nasdaq um as well and so well.what kind of goes into that well we also.have to deal with the european markets.that are open earlier than you know we.here in the united states and so.when you have the european markets down.as much as they were down that's also.not going to be generally a good sign.now if they were even if they were just.slightly down.that will kind of maybe not have as big.of an effect but because those markets.were down so so much.that's going to kind of roll over into.how things kind of play out here in the.u.s.now of course things are different a lot.of things can happen in the time that.the markets close there and when they're.still open here.but that's kind of the kind of the.sentiment that you get initially now.some of the cause for concern.for the european markets is to take a.look at some of these countries that are.starting to see some daily increases in.cases.of the virus which they've kind of we.have a second wave i guess.happening more so or more prominent now.in europe france is starting to make.some new highs in terms of their daily.cases.spain also making new highs uh united.kingdom is starting to make a little bit.of an uptrend in terms of what they have.been kind of seeing.lately and italy is one of those.countries that we've kind of seen have.major major issues just a few months.back.not as bad but we're starting to cease a.little uptick in cases just.generally across the area and so so.that's also not a good sign.going in and playing into the markets.there as well not to mention they.haven't seen as big of recovery as we.have seen here in the united states in.terms of the s p the dow.they have not seen nearly as large.recovery and so there are some serious.concerns.um economically for you know everything.that's going on as we move into the.winter months.there's some serious concern there so.network look what i want to do is i want.to look at the weekly charts each of.these candles is going to be one week.on spy so essentially the s p500 and.what we're seeing here is that 322 to.324.level was a previous area of resistance.before we broke through and so that area.is what i was looking at.for some support and we've come down to.that area and now balanced a little bit.but we'll see what happens into the rest.of the day and the rest of the week.as i think there potentially could be.some more downside below this 320 or so.level below 320 i'd be looking for.somewhere in that 315 to 310 range as an.area of the next.support uh based off other previous.areas of support distance that i'm.looking at.that is probably the next area that i'm.looking at so we do have some more.downside room here on spy although.this is also a good thing this is kind.of giving a.reset to the market a reset to a lot of.stocks who are being hit a lot harder.and if the market's down two percent but.your stock you're watching is down six.percent.well that stock's getting hit a lot.harder and on the recovery side.there could be some really good.opportunities and buying this fear.generally has paid off in the long term.across the past months in the past many.many years.of the markets being open so i wouldn't.be trying to catch bottoms.now if you're starting to see some.stocks that are being hit significantly.hard.keep them all watched and and that's.what i want to be talking about some of.these.these stocks here in this video because.they are actually performing and there.are some stocks that i really want to.watch and see how they're performing.through the rest of this week because.this is going to be kind of like a.telltale week for their future.performance in my opinion.the first one we're going to talk about.here is shll.tortoise acquisition merging with helion.and that vote is now set for.the 28th of september at 9 30 a.m and so.what i'm looking forward to that's.actually next monday so week from today.when this video comes out.what i'm looking for here is i'm looking.for a continuation or a run-up.into that vote now based off the chart i.would be looking for a test to new highs.potentially 60 plus as we get towards.friday.and potentially monday when that merger.if it is approved which i would.highly anticipate does go through when.that gets approved we may see even.further run up.past that but there also could be kind.of like a selden news type of event as.well so that's something you do have to.kind of take into account.and monitor if you are up significantly.be taking some profits along the way.but if the markets continue to be rocky.or continue to do dipped further down.overall like the s p well does this.stock hold up and today.we're sitting up at the time i'm filming.this video nearly three percent so.that's solid on a market that's down two.percent.that's pretty solid at least for today.so if we can continue that or.if we do get an update tomorrow we get a.balance in the markets tomorrow.this stock may be one of those stocks.that really catapults and breaks new.highs and makes a significant breakout.in anticipation of that vote lca is the.next.space stock special purpose acquisition.that is i would say in line.for that next vote date to be set we had.some paperwork filed i believe on friday.um and so we're getting closer and.closer but once we get that official.date.set in sewn that is going to be the kind.of the key to see how things.run up in anticipation of that this is.one of the plays that i actually like a.lot it seems to be flagging here on the.daily chart so.we do want to see a further breakout to.the upside and if we do break over 20.i think 25 is probably a reasonable.target as to the next level.but if we get enough volume we get.enough attention going into their vote.date.this stock can certainly go higher and.the third stock i want to talk about is.kcac now this is the bill gates backed.battery company now the reason why i.like this one here is because it was.actually down significantly earlier.as we woke up and opened the day but.it's kind of recovered today.nicely and it's made me move back up.it's up over one percent on the day.which is pretty strong it's a strong.sign especially in a market that's down.two percent like i've said.and so going into battery day i want to.see how this stock plays out could be.one of those stocks to watch the rest of.the week.or depends upon how things go what news.comes out on battery day.and so on there could be some rumblings.here and i think this is one of those.stocks you definitely want to watch.as it's a spac play that is starting to.try to kind of find the bottom in terms.of after it made its initial spike.it's trying to find itself a bottom.before like we've been seeing with other.spac stocks for example spaq.shll nikola lca they kind of make that u.shape.and return up and make a potential run.at new highs now some side notes here i.want to also be monitoring is.tesla stock is seeing how this battery.day plays out is it a sell the news.type of event or is there some.significant news that elon.does kind of release and does this stock.make another bull run.that's something that i'm going to be.monitoring very very closely this week.as well as spaq it's another one of.those stocks fisker i want to see how.this stock reacts this week we kind of.broke out of a downtrend that we had for.a couple days on the daily chart.although today we are down at least when.i'm filming this video we're down for.right now and so.can we finish strong how does the rest.leak play out that's gonna be one of.those.telltale signs into how we kind of.continue this.upward trend that we've been seeing.lately another stock that i'm actually.in pretty heavily but i've been scalping.along the way and it's been pretty good.in terms of buying those dips buying.potentially that morning dip.and selling for a good three percent.intraday is pretty common.in terms of how the stock has been.playing out lately it's not really quick.this whole.nicola mess so the ticker is mkla now we.have the ceo trevor milton now.stepping down after a multiple different.things have come out against them.multiple different lawsuits i think.three now class action lawsuits.against nikola motors some going along.the lines of actually them.pulling the truck up a hill and then.recording video of this truck.now being you know be being driven right.driven.uh down a road and actually the truck.could not actually drive and there's a.lot of reports.of what they've done by hindenburg.that's like the firm that comes out with.these short reports and short c stocks.and these companies.and then in good nature honestly because.this the company hasn't actually.produced.a working prototype it's all been talk.and all hype about okay what they're.going to do.how this hydrogen energy and this.hydrogen battery is going to make things.quicker to charge and it's going to.change the landscape it's going to have.you know set up infrastructure across.you know the world right but.it just hasn't actually been done and so.the ceo stepping down.is not a good sign after himself coming.out and saying that.cowards run you know in times like this.and you need a leader to kind of step.up and meanwhile he is now stepping down.so that's not a good sign i really i.haven't touched the stock.at all so if you're in that just be.careful do your own research and look.further into that but i.wouldn't think that this stock will be.going up anytime.soon unless some crazy you know news.comes out about how.you know it's actually you know a lot of.these claims have been false who knows.there's been back and forth there but i.wouldn't be touching it especially when.the ceo.um steps down probably not a good look.there so that being said hopefully that.was helpful now when it comes to a lot.of these stocks that we've been talking.about it's been tough when the market's.down like this it's been tough but this.is a good reset.if the markets continue to come down a.little bit further s p kind of comes.down back to that 310 or so level.um this could be a really good reset for.not just you know.playing the s p or playing spy this.could be an amazing reset for a lot of.other stocks that.you know go on to make bull runs or we.make a pretty significant recovery.off of this dip in the coming you know.weeks and months as we though lead up.into the election things can get rocky.but at least.i would anticipate the month of october.could at least you know.offer up a decent bull run for a couple.weeks and a lot of these stocks with.bottoms a lot of penny stocks small caps.that are coming into play.they may actually make some significant.recoveries if we do kind of bounce.off of this dip so with that being said.make sure you guys are subscribed here.and check out the links down below to.get your free stock on weeble up to 1600.in value once you deposit 100 bucks also.a bunch of other links and resources.down below make sure you guys check.those out if you are.interested hit the thumbs up button if.you guys appreciate this video and i'll.see you in the next one.peace.you.

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