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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]
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Sincerely,
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If you have any comments or questions, COMMENT below and I will respond or make a video!
FOR EARLY ACCESS to the Pre-Market Videos, Subscribe, click the JOIN button and select Morning Videos. Pre-Market Videos are released 15-20 minutes before the Market opens from Monday to Friday.
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MY FAVORITE DAY TRADING BOOK
📚 https://amzn.to/2YY1LU1
My Studio Equipment:
🎤: https://amzn.to/2NQFu4g
📸: https://amzn.to/38t1Cek
💻: https://amzn.to/3eZDuCP
📺: https://amzn.to/2YZZDeJ
My Trading Desk: https://amzn.to/2YVCBW8
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, we're going to talk about a stock that is about to make a huge move tomorrow and why y'all should be keeping it in your watch list. I'm also going to be discussing some of the stocks that I've mentioned in the past and what to expect with the overall market tomorrow. All right, All right Y, let's dive right into the charts. Right off the bat, we got the spy and what I told you guys yesterday partially occurred I was I was very surprised at the price action that we saw in the morning.
I'm actually going to go straight to QQQ and then we're going to go on a five minute. All right. Actually, wait a minute. I think it was yeah, it was on, it was on the spot.
We're going to go on the five minute. So I told you guys the psychology behind uh what? I my stand on behind my stand on the market I told you I was leing bearish because of the dip buyers that were very Greatful to receive a second chance to break even and to get out and to hope for a cheaper price. and this morning the market started to sell off pre-market and into the open. It was chopping a little bit and then it somehow recovered I was not I was not anticipating any type of recovery today.
All right and now the main question is does this change my stand on the overall Market Am I now bullish the answer is no and I say no because we still haven't gotten any confirmation that the Bears have completely retreated and that the Bulls are now in control. If you look at it on the one hour again, these dip buyers right here sold here and then pre-market We sell off and then again gives another chance to get out. So if you got one chance to get out right here and another chance right here, they're going to take it and it looks like they took it. As you can see with the Wicks, this is a doy.
It's not looking good and right now I believe that we're going to drop again. I Do think I am still bearish on all indices I still think that we're going to fall unless we break above 4810 I am bearish. All right, if you want, you can have an alert right here. just set an alert du to right, click single alert and then create and if it gets above it, you will know and you will know also that there could be a nice opportunity to the long side again.
wash for the volume Also as another hint just in case it's not a pump pick. but for right now with the way everything stands, I'm leaning barish all right now. let's look at um, let's look at one of the stocks that I mentioned yesterday yesterday I Told y'all to watch Nvidia for a potential run to 500 50 bucks. All right.
Um, The Run was not rapid that that part I was wrong about it wasn't They didn't announce any news at all. premarket. but the stock held its own. QQQ was down by negative 0.8 and this one was actually neutral and it held.
It didn't sell off at all, it just held and then held and then eventually it broke Above This level of resistance and tried to make it to 550. All right it Tri is very very best. and I think that this is the best that Nidia can do number one because this is not the cleanest uh, bullish pet that I've seen. and I also believe that it's not going to make it all the way up here. I think it's going to fall tomorrow and if the n Nas dag opens at like negative 0.80 again, we can expect Nvidia to actually drop with the NASDAQ by 1% maybe a little bit more than that. So I think this bullish move is done and I think this is the part that Nvidia will start to roll over and go back down to 520. So watch this SP for a drop to 520. Now the stock.
The main stock for this video that has a pretty decent structure. All right. I I see it and I like it and I think it's it's good to share in this video that stock is. Let me go on the one minute because there might be some drawing on there.
that stock is Afrm. We're going to clear the chart all right now. I Want to share Afrm with y'all because of this. If you look at the daily chart, the stock had a massive run right up here.
Okay, it went from like the low 20s all the way up to $50 maybe a little bit above $50 and it's been retracing ever since the Bears are in control of the stock. All right. and today today, it didn't really do that well relative to the NASDAQ or the Dow, Jones or Iwm. All right now, we're going to dive deeper.
We're going to look at the one hour chart. Yeah, so we're going to zoom into this part and the structure that I see and some of you may see it as well is a head, a left shoulder, and a right shoulder right here which rejected after the big move from Monday. All right, the big Market move from Monday and if you look over here I like how the shoulders are in the same region and I think that the neckline is going to break tomorrow. All right, the neckline is right here at 4167 so there is a lot of room not just from here to here, but also from here to like maybe 30, maybe $40 or $39 So there's some money to be made on this one.
Keep this one in your wash list for tomorrow. The Head and Shoulders is there unless it starts to play games over here fails to break below the neckline within the next two days. All right, I would give this one I'm expecting a rapid move like a just a fast drop below the neckline so it shouldn't take too long if it takes too long and stretches and stretches and stretches for three four five days, the pattern is done and it's probably going to start moving up and start squeezing shorts all right. But for now this is the structure that I want to share with you'all all right now.
somebody asked me a question about about exp and Exp which is ex um, Expedia Des St has been bullish for quite some time now. if you look on the daily chart. Huge move from earnings from 110 all the way up to 150. and right now I wouldn't trase long because if I was day trading the stock I would actually St I would actually sell at 15 2.70 like I would sell at the close. and I say that because if you look at the 3 minute there was a bullish pen that formed and then it popped out right here and ran all the way to where it's supposed to go from the bullish pennet. Now people should have taken their money off the table right here. and also it is at a previous level of resistance. These individuals in here from like 154 to 152 are incredibly great to get another chance to get out.
So if you see this one gapping down below 151, there is going to be some Panic kind of similar. like extremely similar to what happened on Monday with E Spy Massive move up and then pre market, everything drops by %. So I expect the same thing to happen with Expedia drop to open up here and then if we see more M more market sell off more Panic more fear all of these things, we can see the stock drop all the way down to 146 tomorrow. That's my thoughts on that one.
and I hope that helps you to the person who asked about it. Uh, the next stock that we're going to look at, we're going to look at a specific bank we're going to look at Morgan Stanley all right now with Morgan Stanley Same thing again is very similar to expe massive move from the last month. Again this the Dow Jones have also moved like this and a lot of other banks have also moved like this. This one had its move and it looks like it's getting lumpy at the top.
It's getting very weak up here and also it has earnings coming up and earnings is on the 16th pre-market so this is definitely something to keep on watch for. The stock is relatively um is relatively cheap compared to the other Banks Well, a lot of banks are actually cheap like um, like make of America like w Fargo City You know those are cheap expensive banks are like Goldman Sachs All right, but with this one right here, it's kind of nice in the middle. The price is is around 90 bucks which is nice. and the contracts are also really, really cheap.
So I don't expect it to be super inflated when we approach earnings, which could mean that a massive move would be very lucrative, especially for anyone holding those contracts. As long as there's no IV Crush then those contracts should pay off. But the main question remains what kind of reaction are you going to get from earnings? That one is to be determined in another video. but for the but for the days leading up to earnings I do expect a drop and I would like the stock again to fill this Gap First, the faster it can fill this Gap the better.
If they can fill that Gap first before earnings then it could be wonderful because I think I think after this pullback there's going to be like this stock specifically might do well through earnings and we're going to see Banks rally again to the upside. But first, I want to see you drop. so watch Morgan Stanley and maybe the other Banks as well to have a pullback along with the Dow Jones So that's my thoughts on all of these stocks and that is the end of of the video. Again, do not forget to annihilate the like button. As always, remember I make 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 if you like to be part of a private disc. 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 video below.
Don't forget to follow me on social media at Paul Anduma at lab on Instagram and on Twitter One more thing before we conclude: Tomorrow there's supposed to be there's supposed to be a decision on the spot ETF for BTC Apparently there was some some something happened with thec Twitter account or X account and they put out false news and they caus a lot of commotion. Currently BTC is down by quite a lot. So in regards to what I think is going to happen tomorrow I I think I think it's going to get rejected I do because the market just the crypto Market in general needs to pull back a bit further and it started already last week so I wouldn't be surprised if you see it get rejected And also keep in mind there's future applications for like March that need to be approved with a deadline of March That's what I'm saying. So even if the one tomorrow gets rejected, there's still going to be another decision to be made in two months from now.
And I think that one is going to be a lot more positive than the one that we will, um, see tomorrow? All right, Yeah, that's that's the one thing that I was forgot to mention in this video. If you like to get some free stocks with Weeble, you can click on the third link in the description of the video below. Once again, ladies gentlemen, my name is PA Goa with P Knowledge Lab where we trade patterns and patterns only and I will see all of you in tomorrow night's video.
Thanks Paul
You don't think the QQQ is going to fill the gap to the upside? 🤔
yup on 1/09/24 banks in general havent taken part at all this week
TELL
PUMP PUMP PUMP YEAHHH
tyvm
Bro bearish everyday till it happens 😂
Thank you.
HUMMM!!!!!!
It took a few days, but TSLA dropped! I made 28%. Thanks!!
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