This content was created by Dave Barnhart. This content was uploaded by Dave Barnhart. This is a YouTube video titled "Check Out The Two AMAZING Trades On QQQ & CLF" (created 2025-02-11T11:43:20+00:00). It is a morning market commentary/trading setup by a single presenter (labeled SPEAKER A) providing pre-market analysis and specific trade plans for QQQ and CLF — describing technical levels, support/resistance, volume/print observations, Camarilla pivots, ATR, price targets and stop/retracement points, and noting potential volatility around upcoming CPI prints. The host closes by asking viewers to like, subscribe, and check back after lunch to review results.
Chapters
Good morning, traders. It's Tuesday, February 11th at 5:36 AM. A little bit of economic news this morning. There's 4 items at 8:30 AM all around CPI numbers, so let's just be careful of that. We should have a little bit of volatility pre-market. So I've got 2 stocks for you today, the QQQ and CLF. Now we're looking at the daily chart on the QQQ. This is a terrible inside day. Right, so I'm not expecting a huge move today. You know, if something moves and breaks out, it'll be probably the pre-market news. We can, we can draw a line here across the top. This is kind of resistance. We're stuck right on the 4 and the 8, and there would be a trend line here. So we've got this high, got a lower high, got a lower high. We've got this bearish engulfing here. We'd have to really close above $5.27. We'd have to get up here and close above $5.30 actually to go long. to get up higher, and then we'd have to get below 525, 524 to get a retracement here. So this is tight today, so I wouldn't expect massive, massive moves. It's a, it's a tricky day. Let's look at the 5-minute. So here on the Q's, we're bullish above 527.50, so we've got to get up here to go long with a target of 528, 528.26. $528.59, $528.79, $528.92, and $529.50. So we've got some big prints up here. Well, 2.7 million, 826K. We've got a lot of resistance above us, above this pivot here. Like I was mentioning, we're bearish below $526.75. If we break below here, then we have a nice pocket down here. So Our target $526.50, $526, $525.63, $525.50. So what we're doing is we're coming down and bouncing off these levels, $525.18 and then $525. Then we have some prints down here, $524.65. So we have to be wary of these. There is a nice pocket here from the $525 down to $521, but we do have a bit of a a catching net here with support with these prints. So if we break below this $525, we can have some nice moves down to $521. Now the ATR on the QQQ is about $8 because it's been volatile recently. So anyway, there is room to move. The next stock we're looking at is CLF. Cleveland Cliffs. So yesterday was a good swing on that. Look at this increasing volume moving up. Now these other prints that there's a million here, February 10th, 699,000, 700,000. There's lots of prints above us. And if we scroll out and look, we can see all of this consolidation really happened back around here. So it came down, up, they sold it down a bit, but then we got a 500K here, went sideways for a bit. And this is how the dark pool works, right? You see consolidation and they'll move it when they're done. So we had this 3 million here from January 7th and look what happened here. We just consolidated between 9:30 and 10:30 and now we've broken up a little bit. It looks not bad on the upside. There are these prints in the way so we'll see what actually happens there. Let's look at the 5-minute and we'll map out both sides. So CLIFs were Bullish above 1240. Oh yeah, so by the time I've mapped this out, so 1240 here, really we want to get above this 1252. There's a 777,000 print and it's actually a Camarilla resistance here. So if we break above this, that's fantastic. So we've got 1252, 1283 is an R2, 1296 on the upside, and then so we've got these prints. So this has an ATR of about 60 cents. So for it to move, I wouldn't expect, you know, dollars and dollars out of it, but we do have some nice pockets here to trade, and it's a cheaper stock being $12. We're bearish below $11.87. We've got to get down here. Let's make a lower low and get below this Camarilla here, and then we have trades down to $11.73, $11.65, $11.60. So this $11.65 Is 699,000 print. And we see this here, there's the pivot, we've got a cam and a print. This will be a, a nice target to take some profit. And if we break below this one here at $11.50, which is a big dollar level, or the major level, then we've got a nice pocket down to $11.16. And mind your 20-cent levels, it's a, it's a cheaper stock. All right, there you have it, your 2 tickers for today, QQQs and CLF. So please like and subscribe, leave some comments in the comment section below, and, uh, happy trading. We'll see you after lunch to see how we did.
