Everybody welcome back to the channel, so the big news today is that target shares are plummeted. Right now, pre-market we're going to look at that one. I'm also going to be sharing some stocks. That y'all should be keeping in your watch list as well.

All right now before i begin, do not forget to annihilate the like button on your way in and also don't forget to click on that subscribe button. If you are new to the channel all right, so let's, let's begin right off the bat, so yeah target shares are plummeting at the moment, um. The big news that they put out pre-market was this right here all right. So if you scroll up this from cnbc, we got target shares falling down by eight percent because they expect a they expect: squeeze profits from aggressive plan to get rid of unwanted inventory all right.

So the warning investors that they might take a short term hits and they're just um tighten down on extra inventory that the company doesn't need. Obviously, the reaction to that is terrible at the moment, if you have boots from yesterday, those puts should be printed so congrats to anybody who was able to foresee that now. The main question is: where is this stock going to go and how it will benefit? You all right as a trader as a trader. So let's, let's take a look at that now.

What i think is going to happen with target. I usually when something like this happens. It's uh people get people panic like anybody who did bought here. Anybody who bought calls or bought shares they're going to panic at the initial pop.

So we want to see something like this, where we jump all the way up to 152 right. These individuals take the opportunity to take a smaller loss and, as more people take a smaller loss, we will see a downtrend like this slowly below 150, which might be a good entry for a shorts for a day. Trade specifically, if you didn't buy, puts the day before all right, um and if that happens, we could just see this thing just fade all day where it bounced like this. It falls again it balances, then it falls again and bounce and then just slowly fades all day until the 140s.

So there is an opportunity on here. I like the setup and it's not just target by the way. That's down it's. The entire retail space is down um.

Let's see, let's see if the 140 makes sense all right, so, let's see um yeah it. Definitely it definitely makes sense. Yes, it does. Yes, there is a gap at 136.

This is good. It didn't get filled before so today might be a day i like this one i do. I do definitely keep it on your watch this for today um all right. Now, let's see here, let's, let's look at the other retail um stocks like uh like walmart, for example, all right, walmart's, okay, beating um.

I think this was well. This was definitely after the earnings, but also after target earnings which put down even lower right now. Walmart is at 121.. The situation is not looking too good, like i'm looking at i'm looking at the futures, and the bears are all over, like the nasdaq is down by negative one percent and spy is also down by negative zero point.

Nine percent so today might be today might be a choppy slightly bearish day, so i do think that walmart might break 120 and go low. How low can it go? How low can this thing go? 110 is over exaggerated um 115 is doable. Let's see yeah one 115 is 115 is possible for today, especially with uh atari, so definitely watch this entire sector for today, all right now, one stock that i want uh that i want to put on your radar that one that one is actually disney all right. Now, the reason why i want to share disney with y'all is because it's showing um a show and weakness.

Actually, if you look on the four hour right, there was a bullish pattern right here right, an opportunity to go long, but unfortunately it just cannot go all the way and it's rolling over slightly, and i don't think disney is going to have such a great day. It broke below this previous level of support at 108 right and therefore, what what where's the worst case scenario watch this thing for a move up to 108 in the morning, just in case buyers stepping heavy on the indices for some reason right and then we see A rejection like that all the way down towards 105 dollars and we bring it all the way back down to these levels right, it's it's looking very weak at the moment and it's very hard to be bullish with it. Looking like that's now, let's, let's check out the actual indices. Let's look.

It's like we're going backwards again with that. Well with the news and all that, but you got ta look at the indices right now. It's not yeah! It's not doing that choppy thing anymore. We're about to see two red days in the row, so we might not see this at all all right.

We might not see that and also qqq is breaking down. Let's check out qqq yeah, so kkk is just getting below that level as well. As you can see right over here, the situation is not looking good for bulls. It's definitely nuts, so um day trading is preferred.

There may be some job, it may be choppy right day. Trading is preferred for today, because if you fall heavily today right, like really heavy the odds, are we're gon na jump higher on wednesday right and which means that the contracts are gon na get like crushed, especially the puts, if you're holding it for too long, and There's a gap up from tuesday till wednesday, like a lot of your profits, will be gone so just be on the lookout for that all right. So that's that's my honest thoughts on the indices and the retail space. The last stock that i want to talk about.

Somebody asked about it that one is lulu all right now: lulu had earnings, but it's not holding up well and it looks like it's rolling over and somebody may argue that you know it might it might drop to well. Maybe it's not even an argument. It's quite clean on here. There is a left shoulder a head, but the right shielder ain't done yet, and i would like to first i would like to see if it can drop all the way down to 298 um i to 280, i mean to 280.

I think it could happen this. I think it could happen. Actually i do somewhere over here and then, if it bounces, then there could be an opportunity from wednesday all the way to the end of the week, but if it doesn't and that right shoulder gets too wide into weak, then the stock could collapse and everything um In the same sector as stock could also collapse all right, so that is my very honest. Thoughts on lulu for the person who asked about it, and that is the end of the video again do not forget to annihilate like one for the youtube.

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Ladies gentlemen, my name is pauline guma, with analogy lab, where we trade patterns and patterns only - and i will see all of you in the next video you.