everybody welcome back to the channel in today's video we're going to talk about the market it's currently it's currently deep down in the negative it's going crazy right now we're going to address the situation i'm also going to be answering some of you guys questions sharing with you all some stocks to watch for today as well 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 so let's get started right off the bat all right so today today's thursday and today thursday the market is done by one percent we're going to use we're gonna go straight to the nasdaq because that's what we've been following this specific week because the structure on the nasdaq is very clean and it's easier for me to show you exactly the things that could happen now i was wrong about yesterday yesterday i told you all that the market would go crazy to the downside and it turned it up it turned out being the doji which is very annoying for shorts um i was expecting a much bigger move to happen like i was expecting this move right here to around 11 400 yesterday right and then today i was expecting a bigger move to the downside towards 10 and 800 right by the end of today but my ideas just got shifted to the right by one day and that's okay it's very aggravated when that happens um but but as long as it's not too far delayed then there's still some money to be made so definitely watch the market it's on it's doing exactly that it's just falling gracefully eventually we will go to that bottom line before we bounce um the data that was put out was it was this i think they put out this thing the personal consumption expenditure price index which i believe is a measure of the underlying inflation according to this little paragraph right where they exclude food and energy because those tend to have the wildest price swings all right and the number that they came out with um i believe was 4.7 versus four points eight percent which was expected four point eight was expected this was the number for um for april all right the market didn't like the thing that happened before that there was another piece of news that happened i didn't see it but again i told you all this thing way before all this news came up right we're going to go to ten thousand and eight hundred dollars and we stay bearish until that happens so for today today um wash some socks for a potential short so the first one that we're going to look at is is a simple one we're going to go straight to gme right why not we're gonna go straight to gme i told you i'll watch dme for a drop right here at 124. so out the gates like it fell first to 120 and then it bounced all the way up to 125 and it closed at exactly 123. right now we're down by approximately one percent it's right at the neckline as soon as that neckline gets taken out um i don't know exactly how fast it's going to fall again if the overall markets if the spy gets all the way down to um no if if nasa gets down to ten thousand eight hundred then we could see this thing drop to a hundred dollars by friday maybe the latest by monday right but the structure is still there they're still slowly falling gracefully so thoughts and opinions on gme are not changing now the next one that y'all should be keeping in your watch list again um i put the bear in the thumbnail so obviously it's going to be another bearish video again is ttd which was the second stack i told you yesterday i think i showed y'all yesterday yeah i did i definitely did i told you how to watch the thing where it dropped to 22 45 oh it's 22.50 22 and 50 cents it got to like no to 42.50 yeah it got to i got to 4270 went sideways and right now it's at exactly that price it's gonna go down to 40 bucks again my thoughts and opinions that i put out in that video are not changing so this video is kind of like an update for those of you who watched the last morning's video okay um so if you're holding short like if you have puts on there we have puts on some stocks in the market as well we do and we are still holding them despite what happened yesterday with that doji um today we're having a gap down which is nice right hopefully if you can get some more acceleration and more sell-off like aggressive sell-off then um it would be a wonderful site for shorts so watch this one for a drop to 40 bucks the next one that um that we're going to look at somebody asked about i'm actually going to answer somebody's question somebody asked about bynd and bynd right now i can see that it's not it's not doing too too fantastic like immediately the thing that i see here is a massive structure it's not bullish at all like it's this structure right here which is about to break down today maybe maybe all right like if if you get that massive sell-off this thing could just go right below 23 in 30 cents and just drop all the way down to 20 by friday maybe all right so that's that's what i'm seeing with it i'm not long biased i'm not like oh by the tip of b y and d like no this is the volume is a little bit weak it's a little bit small and the structure on the chart is bearish and the market is bearish like i told y'all for the past few days all right now um the next one that we're going to look at we're going to look at uh we're gonna look at cisco because somebody asked about it and cisco i think it's showing the same thing i think it is maybe in a different fashion let's see the four hour let's see the four hour on cisco yeah it's showing it's showing a similar thing to b y and d which or maybe if you just like shift it to the right we can just see a bearish rectangle or a bear flag on here yeah the bear flag is quite there it's clean yeah and it broke down it broke down yesterday and now it's down again i think 40 bucks isn't too much to ask i think 40 dollars there's not too much to ask and usually like when you see this little green thing right here it's uh it says dividends paid out by seven five july fifth what what tend to happen is what i've noticed in my experience on those days like the price of stocks tend to drastically fall all right and something really wonky happens with the contracts i said that before with another stock but it didn't matter it really fluctuates it really it really depends on the stock like if it does drop any contracts don't move again i told you so it may or may not happen like but if it does drop and then the contracts move accordingly and obviously they inflate value and you get paid then that could also it could also happen it really it's very it's a very weird day so just watch out for that um if you are looking at this and you like it and you're probably showing this right now right and you see me here telling you that it could drop to 41 maybe even 40 bucks if it gets there before that day again don't get too greedy take some money off the table right so that's my honest thoughts on all of the stocks and the market conditions right now the craziness was delayed by a day but the craziness is here finally and the nasdaq is down by negative 1.3 well negative 1.4 which is good all right especially if you hold inputs so yeah that is the end of the video again do not forget to annihilate the like button or you need to blogger them as always helps the channel a lot 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 these um these videos if you'd like to be part of a private discord community you can find that as the first link in the description of the video below if you haven't added me on social media yet you can find me at paul gullah nepal analogy lab on instagram and on twitter and lastly if all of this is new to you and you're interested in starting any stock market there are some basic step-by-step directions in the description of the video below step one to step three it only takes about 10 to 15 minutes for you to sign up with all the tools you need start trading immediately you can also get some free stuff for signing up with weeble using the third link in the description of the video below musculus gentlemen my name is paul guma for pedanology lab where we trade patterns patterns only and i will see all of you in the next video you.