Welcome back to the channel. So tomorrow morning one hour before the market opens. The the cpi data report is about to be announced in today's video. We're to talk about what to expect in regards to the price section of the market.

I'm also going to be showing you all some stocks that you should be keeping in your watch list for tomorrow. Now before we begin again do not forget to annihilate like button on your way in and also don't forget to click on the subscribe button. If you are new to the channel alright. So let's get started right off the bat um.

So today was a another day of another sell off. I. Told. Y'all.

Yesterday for those of y'all. Who watched that video that i was very bearish on the overall market. Because of how suspect this move was especially on the spy. Let me change this one to the one hour.

All right very suspect move. As you can see it had a whip saw at the open it kind of like had a slightly brief green day followed by selloff during the day now for for tomorrow. All right for tomorrow. This is the big news from this is the news from cnbc.

As you can see right here. Um consumers inflation is expected to be to have been even hotter in june. But it could be peaking all right so the expectation is actually eight point eight percent year over year yesterday. I said they might put it at nine percent.

But as you can see it's eight point eight percent right um last month. It was eight point six percent. So we will see if we will see if there is a plot twist all right um yesterday. I told y'all.

That there may be a plot twist. Where the um. The reported number could be eight point four percent maybe even eight point three percent and then the market could go crazy. But that was based off of the premise.

That's that this thing would happen that uh the nasdaq let's go forward slash at q right. It was based on the premise. That the nasdaq was supposed to fall very aggressively today and drop. All the way down to eleven thousand and five hundred and fortunately again today was gonna be choppy day like it didn't drop as it didn't drop as much especially in the morning right it kind of took a sweet time and then only dropped uh 11.

And 750 right so it still has room. To drop we still have another. 18. Percent i believe yeah 175 to get to that white line and to me it kind of seems like there may not be a plot twist.

I think that. The um the the numbers is probably gonna be like. Exactly. 88.

Maybe. 89. Right and then they may. Tank the overall market overnights by exactly.

Negative 18. And then all of the short sellers would probably want to cover right. They'll want to cover all of their their their puts or their shares that they shorted right at that line before there is a potential bounce uh within wednesday thursday and friday all right so that's kind of like what i'm i'm anticipating for the markets. So yeah.

That's what to expect that's what i expect all right we'll see what really happens again it will be announced tomorrow morning. One hour before the market opens. Now let's talk about what stock that you should be keeping on your watches. Again.

We're gonna address amd one once more amd fell out the gates right. I told you to watch it for a drop to potentially uh 69. Maybe even 65 dollars within the next few days. If you get that if we get the um really really terrible report tomorrow.

And this thing is going to drop below 74 74. And then it's gonna do exactly what it's been doing throughout the past three days as you can see like it really it drops really fast right and then it bounces and then it does the same thing again right and then it bounces. So anybody who is just like um. Who is just passively just shorting this thing like if they're just swinging short the way the the price action is kind of like doing this choppiness on the way down.

It's it's kind of it's not producing as much um reward to the contracts right like because the the the most the amounts. How do i say this how do i say this um. The way to really capitalize off of the strap is through day trading like day trading here then you cover right then they trade again here and then you cover because theta takes a massive toll on the value of the contract especially during the slow grind upwards against the favorable direction of put options right so i think it's going to continue forward. I think it's going to do the same thing again.

There is that trend going like that right. It's just going to be a slow choppy way down. Where we simply just drop to 72. And then bounce throughout the entire day right and then again.

We made kind of like the way kind of slowly roll over because i don't think the market is out of the washes yet. I still think that big picture is still bearish right and then we may roll over all the way down to 65 now looking at the other semiconductor stocks in the market. The other one that i shared was i shared in the video. I believe it was last week.

I shared the video last week because of this reason right here right there right we got the head and shoulders. Which is a continuation of the bearish trend right bearish then we got the left shoulder. We got the head then we got the right shoulder. And then we got the recess of that it felt right it kind of got deep in that zone and then over the weekend.

There was the gap down and now it's still down so i think every as this one falls amd would also follow again stocks in the same the same sector within a sector. Because this is semi conductors right. There's semiconductors and then there is nasdaq stock in general um. They're all tech stocks.

But this one the the pattern. The structure on this on the video is a lot cleaner. Very very simple and if this plays out the way. It's supposed to play out the way.

It has played out in the past right. We should see a drop below 140 either in the beginning of next week or maybe by the end of next week all right. But it's good it's gonna be really really slow that's that's what i think is going to happen now the next one that we're going to talk about in today's video. We're going to address amc.

Actually let's look at amc. Because somebody asked about it um. As you can see this is the structure on amc hopefully. That's what you got to the person who is asking about it now.

Where is this thing going to go it had a tremendous move yes. It also announced some news about record attendance. I think it was because of the uh. The new marvel movie that came out i think right so um.

The the reaction to that news is obviously positive for now tomorrow. Again if there's a massive gap down this thing is going to drop all the way down to 14 and 80 cents and then they might just chop sideways. All right so that's that's what i'm seeing i don't really this this is not like my favorite structure to trade again looking at the overall market conditions and the way this thing is shopping like that's um not not my favorites so it may perform really really well like the highest you see this thing going is way up here above 18. The highest.

I've seen it i will the highest. I can see this thing going will it get there i i kind of doubt it i really i really do i think. This is it i think this level of resistance. Right here is just gonna hold for a while and then this structure is gonna look very ugly as it just chops down and just stays here for a while right so that's that's my thoughts on it.

If you disagree with it put it in the comment section. I would love to hear what y'all. Think with the direction of amc. I think.

This is this is right here now the last one that i want to talk to you all about we're going to do an update on jd all right and jd is not looking too. Great it looks like it well it breached below that previous level of support right here at 60 dollars and then today it got rejected and then tomorrow. The report is going to be bad therefore i could expect this thing to go down to 58 and then drop even further to like to 56 dollars. I think yeah this is what i'm seeing with with jd.

I think that might happen it dropped to 56 dollars would make sense with the way the charts is moving all right. So. That is pretty much my very honest opinion on all of these thoughts. And that is the end of the video again do not forget to annihilate the like button for use above them as always helps channel a lot and i lost more people to get this knowledge as well also if you are new to the channel.

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Now it takes about 15 minutes or less for you to get set up for all the tools you need start trading immediately. You can also get some free stock to send it up with weeble using the third link in the description of the video below once again ladies and gentlemen. My name is paul guma with an analogy lab. Where we trade patterns and patterns.

Only and i will see all of you in the next video you.