Everybody welcome back to the channel in today's video we're going to talk about the cpi data and how the market is reacting to it right now. Um we're also going to be answering some of you guys. Questions like. I always tell you.

If you have questions drop them in the comment section of um the videos, especially for those of you who did that for last night's video all right. So let's begin let's get started okay, so the cpi data has been announced about 20 minutes ago in the market. The market doesn't like it for those of you who don't know what the cpi is, it is the consumer price index and it pretty much shows exactly how um, how fast or how slow the pace of inflation has been all right. If you do, if you want to see those data, you can definitely go on this website right here.

This is the uh bls.gov to see exactly the details of the cpi summary all right and so far the market doesn't like it um. There have been an increase in the percentage in inflation, i think it's eight percent and if you go lower all right, the main, the main column that you want to see is right here, um in relative to the previous month, and so far is there's been a Large increase over the last 12 months as well so um the market does not like it. Market is selling off right. Now, it's pretty aggressive, but it's not um.

How do i say this? I'm not shocked, i'm not shocked. I told y'all that we're going to fall. Um, i gave you all the uh, the stocks to wash yesterday the top two stocks and those are falling and those are still falling right and two days before that. We i warned you all about what could happen if we break down this channel and so far like this drawing right here.

We're gon na shift it over to the left. Activate move over to the left right here. All right so watch the market, the overall market for a drop to 38.50. I think we can get that low.

I really really think so um, if not by today, then definitely within the next like two to three business days um. But one thing that i want y'all to consider is that this right here is very overextended to the downside when the market opens when the market opens very close attention to this um short sellers may want to take their money off the table all right. So there might be a brief drop at the open all the way down to 39.50 they're gon na cover. So you want to watch for a potential intro day rebound, maybe after the first, maybe after the first 20 minutes.

Maybe, after the first 30 minutes, we may see that bounce all right so uh, that's that's my overall opinion on the on the market. It's not looking too good guys like it's really really nuts um and this. If we remove the lines - and we just consider this as a uh - reverse head and shoulders like the bottom - the absolute bottom before we see some type of bounce and maybe retesting that bottom he's exactly exactly right here, yeah at 38, 80 ish 38.50. So today today is gon na be, is if you, if you didn't swing short overnight um you want to keep calm day.

Trading is essential for today, day trading is preferred right. Now, let's talk about, let's talk about one stock. That y'all should be keeping in your watches, um again, banks goldman sachs. Let's take a look at goldman sachs all right now, with goldman sachs.

I expect people to take their money right here right. It might bounce all the way back up to 303 and then on monday we might consolidate like this right and then later on, we fall. I drew this. I think i drew this yesterday morning, yes and um we're going to get to that level and maybe even break it um.

If, if things get really terrible, if things get really bad and the panic intensifies as you've just seen, we could go lower like much much much lower like get to this level and then maybe even drop like that there may be magical unicorn use would may not Be magical for long-term investors, but for shorts it will be magical um. I think it's going. I think that might happen so just be on the lookout. It's just an opinion.

We will see what happens next and how it behaves within the next few weeks, but banks, banks for sure, dead, cap bounce followed by another drop potentially next week and if you're still shorting this after you, if you're still being greedy after i release that video again Consider taking some money off the table all right, nobody goes broke from taking profits, so um, that's one sector that you should be keeping on your washes. Obviously there's the bear in the thumbnail. So this video is gon na be very, very bearish um, the next one that we're going to look at we're gon na look at netflix, apparently netflix got downgraded by somebody. Yeah netflix got downgraded by goldman sachs.

Everybody is falling, so they're pretty much downgrading each other. On the way down, um there's a bear flag on here. Well, yeah, there's a bear flag, the bear flag! Is there it's right right there, uh-huh yeah, and this is just nasty um, again watch watch for it's it's going to be violence. Watch for that and then watch for this and then watch for that watch.

Watch for this drop. So that's that's the main theme. The market is really not it's not in good shape at the moment and um and we're gon na go lower. So that's the two stocks that i'm gon na give y'all for this morning.

Now, let's talk about you guys, stocks of interest, i always tell y'all, if you have stocks that you want me to break down, put them in the comments section and you'll always have some wonderful stocks, so we're going to address them um now now the first stock Is uh cgtx um somebody asked about this because you're, maybe anticipating a market rebound right um it looks like it's gon na rebound. I think it's. I think it's just going to stay flat for the next few for the next few weeks, like it's going to go from like 480, all the way down to probably 350 to 280, even or 350 before starts to turn around the volume is increasing, as the price Is decreasing, it's called the divergence um. We just got ta wait until this thing is kind of like done, and usually the uh, the sign that the sign that the stock is about to make it turn around is if we start seeing green candles.

But the volume goes from high to low right here. Right as the price starts to increase, then you can look for like some upside listing. They got some gaps like we got these gaps way up here. Eventually, there's gon na be something that is.

This. Is the therapeutics company drugs involved right? So if there is some type of fda approval about one of their drugs for this company, the stock may see a jump very ferocious jump to fill these gaps. When is that gon na happen, i have no clue it could be, could be two months from now. It could be six months from now could be a year from now.

I don't know, but i do know that there is room to the upside and those gaps are going to get filled eventually, but am i buying this thing? No because i want to wait for some structure, we trade structure over here, all right. So that's that's my thoughts on tgx, the last one, the last one that i want to talk about is pll and pll to the person who asked about it. There is a head and shoulders a bearish one right here, watch it for a drop all the way down to the lows of forty dollars right here, simple all right, this one's an easy one, so um yeah! That's that's my thoughts on that. Y'All see that their head and shoulders it's right here we got the lifts right there.

We got the type we got the right shoulder, they got contracts on there, which means that you can buy, puts on there right for june 17 or for room for july 15.. So it's a decent stock and i think it's going to fall um. It should fall because it's clean right. How is it going to fall? It may go like halfway here to 49 bounce retest on monday and then drop again all the way down to 42, or it could just be nice and just fall like this right.

So that's my thoughts on this stock on the overall markets, and that is the end of the video again do not forget to annihilate the like button for you to blog them as always helps channel a lot. It allows more people to get this knowledge as well. Also, if you are new to the channel - and you haven't done so already - definitely - click on subscribe and click on the notification bell, along with all notifications. That way, you don't miss out on future uploads.

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