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[SP500, QQQ, TSLA, AAPL]
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How I pick Stocks:
https://youtu.be/O5yWKChL44E
How To Make $500 A Day:
https://youtu.be/OOSpjACXKD8
How To Trade Stocks:
https://youtu.be/f5RuDrFQj0w
How To Trade Call and Put Options on ThinkorSwim:
https://youtu.be/f5RuDrFQj0w
DISCLAIMER AND WARNING
In all financial markets, the opportunity to make money comes with a risk that must not be neglected. Always stay aware of the risks and be willing to accept them. Never trade with money that you cannot afford to lose. We are not your financial or investment advisors. We cannot and will not be held liable for any actions you take as a result of our opinions and the content in this channel, any of its social media platforms, or websites. The information provided on this channel and on its social media platforms is purely for informational purposes only, and they are meant to be taken as opinions. Always stay skeptical and do your own research before participating in the financial markets. Nothing in this channel are recommendations, all the content provided are our humble opinions only. The performance of chart/candlestick patterns discussed on this channel is not necessarily indicative of future results. Technical analyses are not absolute and are prone to change due to future market events. Investing in any market is very risky and the risk for significant losses is substantial.
[SP500, QQQ, TSLA, AAPL]
In today's video, I'm going to be sharing with you two stocks to keep on watch for tomorrow. We're also going to look at the overall market and discuss what happened today and what to expect tomorrow as well. All right Y, let's dive right into the charts. Right off the bat, we have the Spy over here and if y'all watched yesterday's video I told you guys I shared with you guys the structure that I was seeing on the 1 hour and how it was looking bullish at the time because we got over the 4800 level Mark And there was this structure right here which broke out yesterday and today.
The reaction to the CPI to that wasn't that great. Um, number one, the the numbers came out to be 3. 4% versus the 3.1% that was expected. It was hotter than expected and the market didn't like that and it kind of whips saw and we saw some bearish action in Tr Day.
All right, Usually when when when they clean when a clean structure like this secures, Maybe it would have been cleaner if it was a little bit more stretched, like a little bit more like wider because this is only like two days. If it was much much wider than Maybe the situation would have been different. That's like the only little flaw in it, but it wasn't like we had a huge gap down from the the CPI report it actually gave like some warnings out the gates when we switch on to the thre minute chart right? So first we got the reaction a massive whip cell down and then we chop a little bit from 7:30 into the open. As you can see, it dropped first and then made a 30 minute push up all the way up where everybody who may have swung from here or even chased at the close from yesterday would have had a chance to pretty much exit out of their position on tech stocks and even on Qq/ Spy for a small profit on potential calls.
right over here. All right. some tech stocks actually had a bigger five minute candles than others. We're going to look at that later on in the video, but that's pretty much what happened here.
So first we got this level of resistance from premarket and then failure to breach above that during the first 15 minutes of Market hours And then we had this drop and pop and now the situation is looking kind of nasty. So for tomorrow, Um, I mean it's not looking too great right now. The spot is down by negative 0.15% and we also have to look forward to another reaction to the PPI inflation report which will come out at the same time 7:30 tomorrow morning. All right.
So uh, I mean I'm like the trend, especially with a CPI and a PPI is that either when it's the same number as expected, the the inflation number when it's the same as expected and there is no reaction, then there's usually a positive reaction that happens the day after. In this situation, the reaction was negative, right? We saw the draw back and I wouldn't be surprised if you see the same thing happen again tomorrow. So just be on the lookout for that. Be very cautious.
Trade things day by day. we're still in that same range. We're not up here above 4840 or down here below 4760. We're still trading in this range. So look for intraday price actions. All right now. Um, the first St to keep on watch for tomorrow or actually the first sector is the healthc care industry. UNH All right, and United Healthc Care Group has earnings coming up tomorrow morning.
Now this is a very strong stock. An extremely strong stock. If you look at the daily chart, it's been trading near it's uh, previous highs, right? It doesn't collapse as much as everything else in the market. it it holds its own.
This is a growth stock. This is something that you would like to keep in your portfolio for long-term growth. It's going to be really, really slow. but it does pay dividends and it has a steady track record.
I would say. But right now looking at just the chart alone, there is a structure on there which is making me lean a little bit more bullish. I'm talking about the reaction to earnings. The reaction to earnings.
See it. It seems like it might be a little bit more bullish because of this thing. There's a left shoulder or a giant head right here. just all right there.
and then we have have the right shoulder right there and then we have a neckline to be broken right here. All right. So the reaction to Earnings: if it's good, if the if they Crush earnings and they make massive like profits and the stock likes it and it opens up up here we can see a huge green candle up. so if it if it opens up above 550, watch for like a massive influx of buyers going into the stock because keep in on at the neckline.
There's a lot of short sellers, right? So there's some short sellers here here here and also a little bit here. So their stop loss is a little bit above it at 555. so if we see a gap even above that, it's going to trigger. it's going to trigger a a brief.
It may be brief, but it's definitely going to cause a little bit of a squeeze to 560s, so that's the first stock to keep on watch for a potential long now. The next stock to keep on watch that one I'm a little bit more bearish on and I was I did mention this sector actually I think in yesterday's video or the video before that and that sector is the bank sector. All right. and with the bank sector I think I showed you guys Morgan Stanley I think that was the stock that I showed you guys So I give you a warning about that one and now this one.
I'm giving you a warning about it. It has earnings also coming up to tomorrow morning. Uh, watch how the pre-market reaction is. Hopefully it's not too extreme if it's not too extreme.
The benefit of that is that both sides, the calls and the post are going to get annihilated. and then we can look for intraday opportunities for a day trade. So keep that in mind. Um, I'm leing a little bit more bearish on this one because of the massive run that it's had throughout the past 60 to 70 days. And there's also some gaps to fill at the bottom right here at $47 So watch City and other Banks as well because they will follow the reaction to this one, whichever direction. that might be all right. now. Some updates in yesterday's video I Shared with you guys Apple So we're going to look at what happened with Apple and by the way, I was in Apple I was in Apple I Held Apple Let me go over here.
um I Held Apple Let me go over here. So we're going to go into the 15 minute. So this is Apple right here. So we got the pattern that I showed you yesterday: the ascending triangle followed by the breakout right here.
So I Saw this thing yesterday and I was wanting everybody in the Discord to watch it for a long and then I decided to wait until the very, not the very end until it retested that level of support right there. This is where I got in 6 minutes before the market closed yesterday. So I got in with calls right here and again. I Shared with you guys I was looking for a massive move to the Upside unfortunately I had to get rid of it I had to get rid of it today at 8:35 No at 8:40 Yeah, at 8:40 I had to get rid of it.
And the reason why I had to get rid of it is because it's because it fail to break above the previous level of resistance right here. Again, it really really tried it did. and then when it started to break down, I immediately got rid of it that way. I wouldn't have a huge loss on it, just minimize the loss and just looking for another opportunity.
So with this one right here, it collapsed. Obviously it was a good sell. It was a good decision to get rid of it. Now now that I look back at it, it actually looks like a um reverse Head and Shoulders which is the Beis version of what I showed you guys with uh with UNH As you can see, it's pretty much the same structure but on the smaller scale with the neckline being right here.
so that kind of explains why there was a massive sell off in the morning. So that's why it didn't run. So that's um, other stocks other tech stocks were kind of. I would say the market was a bit generous like Google for example exle now with Google that one also had a bullish structure yesterday I thought about taking it um I wish I took it um instead of Apple but this one was a tech stock that kind of got favored by the market and pushed a little bit higher to where it's supposed to go.
another one. Again, it looks kind of ugly in the end, but I had a bullish feeling about the market. the other one was Amazon and Amazon Amon was also looking kind of ugly during the close right, it had a bullish structure I saw it I liked it at this moment but I was patiently waiting because of Apple looked better at the time it closed in a very weird situation and then obviously it had a massive push out the gates. so that's kind of what happened. I mean it could have been the same thing could have happened to Apple as well. that way I would have made a bit I would have made more money than um, than what happened. but it is what it is. It is what it is.
It's all right now with this one. What to expect tomorrow? Let me zoom out here with Amazon all right now it looks like a doy on a daily. This one is it. It would be pretty simple.
It depends on how how the overall Market gaps. If we gap down, expect an evening star and I think I'm I'm leaning towards that like I'm leaning towards a $2 drop pop to uh to 154 and then maybe a little bit of a pop before we drop all the way down to 152. All right, that's kind of what I'm leaning. it might be an evening star.
That's my thoughts on this stock. NOW The last thing that we're going to do an update on is the crypto market and I give you guys a warning about the crypto markets about how usually in these situations it will be. Hey buy the rumor and sell the news type of thing. Um, they approved everything they approved the ETFs but BTC is still at the same price and right now it's dropping.
There is one thing that is kind of is this thing right here. the volume you I see how the volume Rose and now we seeing like it's It's almost like a symmetrical structure in between this left section versus this right section. It's not a good sign. I think I think From there we we start selling off.
So watch watch the watch the crypto sector for a drop. I'm not bullish on it at all because it has done this before and it will do it again. There's going to be a massive move coming in the future, but as of the near future, like maybe the next few weeks, I Think we're going to slowly trickle downwards so that is my input on BTC and that is the end of the video. All right.
Do not forget to annihilate the like button As always. Again, remember I Release these videos from Sunday to Thursday at exactly 1000 p.m. central Time All right. So definitely click on that subscribe button and click on that notification Bell That way YouTube notifies you whenever I release these videos.
This one is a little bit late because I started recording a little bit late so, but usually 10 p.m. All right, if you haven't follow me on social media, you can find me at Paul Anduma and on Instagram and on app. formerly known as Twitter All right And uh, if you like to be part of a private Discord Community We can get all of this information in real time as I see them. You can find that as the first link in the description of the video below.
to get some free stocks. you can click on the third link in the description of the video below. Once again, ladies gentlemen, my name is B Guma but anology lab where we trade patterns, patterns only and I will see all of you in the next video.
You;re too good to be going on your hiatus! Good work Paul. Way too knowledgeable !!
Thanks for the information
Thanks Paul, Learning a lot from your videos !
ty sir