In this pre‑market YouTube commentary (Feb 18 2025), host Dave Barnhart walks viewers through two intraday trade setups – one for Intel Corp. (INTC) and one for the leveraged ETF TQQQ. He begins with a quick market greeting, then reviews recent high‑volume prints for each ticker, noting historical resistance zones and the current price action. For Intel, he highlights a recent $3.4 M block at $23.60, discusses the double‑top resistance around $26.50, and calculates the current ATR ($1.06). Using the 5‑minute chart he defines bullish entry above $25 with targets up to $28.54 and bearish entry below $24.50 with a cascade of lower targets down to $23.50. He also references the daily 4‑EMA as strong support. For TQQQ, he recalls a $5.6 M print at $87.99 on Jan 22, outlines the need for a close above $91.12 to go long, and sets bullish targets from $91.43 up to $95, noting a $3.73 ATR. Bearish levels are set below $90.47 with support around the daily 4‑EMA at $89.04. Throughout, he emphasizes volume‑driven breakouts, ATR‑based risk sizing, and multi‑timeframe confirmation. The video ends with a call to like, subscribe, and a promise to review the trades after lunch.
Chapters
Good morning, traders! It's Tuesday, February 18th, 5:39 AM. Hopefully everybody had a great long weekend. Happy President's Day! So let's go ahead and look at our trades for today. We've got Intel and we have TQQQ. So Intel's been on a bit of a tear, and then on Friday we got $3.4 million over 10 trades at $23.60, right? So if I If I click this, we'll see that's here pretty much at the close to the open there. So look at all of these prints. We're above 6, 6.5 million, 6.5 million, 5 million, 6.6 million. We're above all of those now. And if we look left, this historically has been resistance. We see all of these wicks at the top where this is kind of a double top at the moment. This was a place where we were heavily rejected before. So if we get up here on the longer term, we've got to get up above, above here, actually about 20 $26.50, which is pretty easy, I think, with all of these prints below us. But we'll have to see. We'll probably see a pullback here and then maybe a break above. Just this— this is a pretty parabolic move here, so we would see some sort of retracement at some point, you would think. And then that's on the long side, and then we would have to get below these prints here to go short, down around $22.50. So the ATR in this is a is $1.06 at the moment. So just so that we're aware, we'd have to get below here and then we would have a trade down to $21 and then below. So let's look at the 5-minute chart. So here we're gonna be bullish above $25, target $25.20. So actually when I map this out, okay, so we're a couple pennies above that at the moment. So $25.20, $25.50, $26, $26.20, $26.50, that's the 50-cent level. $27, $27.50 is huge, that's a $2.50 level. $28, $28.54, this is this R3. So that, that would get us a little bit above our ATR, but there's lots of pockets to trade here, so this, this could move quite well. Bearish below $24.50, so we've got to get below here, right below this $24.50. And then 2422, 2403, 2388, which is an eighth below, and 2350 to get back down here, right? So, and when we're looking at the daily, we can come back to this 8, this 4 EMA here. That, that would be very strong support on the higher time frame. So that's what we're looking at for Intel. Next is TQQQ. Now I know this is still related to technology, but one thing that I wanted to point out, and I've talked about this a few times, 5.6 million January 22nd, $87.99. That was one trade. And so I mentioned this before, it came in this day, we went sideways for 3 days, And then we tanked down to the support, and then we've been moving up and we've broken above this print level here. So this is similar sort of idea to Intel. If we— we've got to get above this 93.50, we got to close above that in order to go long. On the daily, this is looking phenomenal. If we get below this 8 increasing volume closing, then we can pull back down here to 82.19, back to the print, right? But This is looking strong, so we have to map this out on both sides. So let's go ahead and do that. Let's go and look at our 5-minute chart. So we're gonna be bullish above 91.12. Okay, that's this— it's an 8th, and it's also this R2. And we've, we've hammered on this already, so we've already tested it 1, 2, 3, 4 times. So we're coming back. We need increasing volume, break above 91.12. Target 91.43, which is this resistance right here. The 92, 92.70, right? There's the dollar. And then it could be 92.50 as well. 92.70, we might get up there. That's an R3. That's very strong. This stock has a $3.73 ATR, so we would be pushing close to that. Then we have 93, 94, 94.28. Which is this R4, 95, 95, 86. So I've mapped this out a little bit further than the ATR. It looks like it could really move. Now there's a lot of support here below us, so we're bearish below 90.47, below this, right? So we've got a bit of a gap up, and then this is pretty much a 50-cent level. So we've got this down to 90.26, 90.12. 89.69, 89.54 down here, and then 89. And I mentioned that because here this 4 EMA on the daily is 89.04, and this is strong support as well. So we've already opened above that, but we can come down and test that 4. And if we do that and start moving back up, there might be another trade entry if we, if we retrace back to that 89 and start moving up again, then there might be another entry there. Okay, there you have it. There's your 2 trade setups. Hopefully you guys make some money on that today. Please like and subscribe, leave some comments in the comment section below, and we'll see you after lunch to see how we did. All right.
