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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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MY FAVORITE DAY TRADING BOOK
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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]
Everybody welcome back to the channel in today's video. I'm going to be sharing with you two stocks to keep on your watch list for tomorrow. We're also going to look at the overall markets and discuss what to expect in the morning. All right Y, Let's get started right off the B.
We got the Nasdaq All right, we're going to start with the NASDAQ today. So um, if you didn't watch my last video, I told y'all there was going to be a massive move with the markets and we definitely got that massive move. and as you can see, the NASDAQ went exactly where it was supposed to go. It got into that.
Circle I told you guys they would get there and now that it got there things are looking a little shaky. There's some turbulence going on and um, things are not looking to too great for tomorrow. they're they're not. um I think I think we might potentially roll over I do like if tomorrow is the lackluster day then I guess I Guess things are just going to consolidate sideways and not much is going to happen.
but with the way everything is looking now, I'm leaning more bearish than I am bullish. Also, the vix started to climb back up all right and every single time the vix get down to this specific level at 1250, it pushes higher. so I see a reverse Head and Shoulders we got left shoulder. we got a head, then we got a right shoulder.
Well, it's more like a triple bottom, but you get the points all right. So I do expect just based off of this structure loone. I Wouldn't be surprised if we see a sell off in the markets and we see the Vix go back up to the neckline at 14.5 All right. Um, today the price action of the Vix was it was just creeping up all day.
Even though half of the day for the spy and QQQ was bullish, this thing was just clamming slowly higher and higher and higher. Eventually it started selling off at afternoon, but this one was just going all day. So tomorrow we'll see how how things open up. All right.
So just take things, take things day by day and look for day trading opportunities because there was some today. Now the first stock to keep on watch for tomorrow. that stock is that stock is mRNA All right. And the reason why I want to share mRNA with y'all is because it's because of this.
The structure that I see is on the 5 minutes and it actually just broke down like a few minutes before the market closed. Right over here there is a decending triangle on the chart. It's right here. all right.
And then we got that right there. and it broke down about 25 minutes before the market op and into the close. There was a lot of selling volume. All right.
So with this right there, this information Alone um I wouldn't be surprised to see mRNA drop all the way down to 98 bucks at least at least. So depending on how it opens, that will that that will. That will determine how how much more money there is to be made on a potential day trade. All right, Unless if it opens up at 98s or below, short sellers are going to cover and then it's going to stay at the bottom for about like 10 to 15 minutes before it runs back up to 103. So just keep that in mind. if it opens up at the same price, then watch it for a drop. If it opens up Super Super Super low. Just know that it's not going to stay down there for too long.
like I'm talking about low to this previous level of Um supports. All right. So that's the first step to keep on watch watch. Now looking at this one on the daily, let's see it has some room at the bottom.
There is a gap right here to fill. Eventually it's going to get filled right. But overall overall it's still beating down. It's just going through waves right now and it's making lower highs like here, lower highs and lower lows and lower high.
And then we're about to see another fall. Now the second stock. the second stock that I want to share with with all of you for tomorrow, that stock is a bit more overvalued. Um, it's see Ytk yeah cytk all right now with this one.
it had as there was some event right here I Don't know if they released some type of, um, some type of news on their research or a new drug or something like that, but something happened with the stock and they sh up from Uh 40 all the way up into the 80s. All right, and right now it looks like it's rolling over slowly or it's about to roll over. There's lots of room at the bottom, all right. And there is a structure also on a five minute which is very hard to see given the price.
action like it's kind of hard to see, but a similar structure to mRNA is also present on this one, a bearish penet that literally broke out in the last five 5 minutes of Market hours. All right. So watch this one for a drop down to 77 right here. Okay, and uh, also, pay attention to the first five minutes of trading hours and look at the volume.
if you see volume that's greater than what is this 71,000 like. if you see volume that's almost double the size maybe 150,000 or 200,000 during the first that first scandle, then the outs for a sell off on this one are good. and when I zoom out even more, let me just erase that first drawing that I put out and we're going to go on the 15 minute right here. All right now there is a bigger Bearish Penance A much much bigger Bearish pennant on the charts that also broke down at the close today.
All right. So um, um, watch this one for for a drop now. I did say two stocks, but there is a third one and this one is a stock that a lot of people have been, uh, talking about. Some of you have even been asking me questions about it.
Uh, somebody ask, when is it time to actually short it? I'm going to answer that question today. Um, that stock is Dwac All right. and D AC looks like this. Um, it had a massive push all the way up to $62 pre market and then retested that level and all of these premarket shorts added back to their position and shorted the stock even more. All right. For people who borrow shares to short, I'm talking about these individuals, right? So they're shorting this thing. and then today, it had a little bit of a bounce making a lower low. So we have this: High making a lower High I mean so we have this High 62, then the next high 55 and then the next high is 50.
and then we have the Inaday descending triangle right there. If I just connect these lines right there. All right. So this one and then I'm going to erase this line and do this all right there.
So this thing breaks down. a lot of sellers in the shorts are people are panicking all right and also short sellers are adding on to their position. This is the part where the hype is pretty much gone and um, this is the parts where we fade for two to three months. To the person who mentioned that in the comment section of like one of my videos, this is the part.
Yeah. So um, I'm bearish on the stock. It's not going to. It's not going to go back up to 60.
That's that's done. it. Had it. It's done that already.
and people are taking their money off the table and they're taking their money off off the table and notice how I'm just going to zoom in. I Think the 15 minutes is good? Yeah, I think the 15 minute is. Yeah, the 15 minute is good. Just look at the the big picture.
look at the the difference in volume. Pay attention to that. So we got huge volume over here. all right.
And then we got half the volume. Nearly half the volume. More of like a retest. Look at the look at the height of These Bars compared to the height of these bars, right? So we got half of the volume from this day and then today.
it's even worse. It's much more like, uh, like 2/3 of this volume. So the volume is dropping and people are kind of losing interest in the stock. and it's selling off right now.
so watch it for a drop all the way down to it's it's going to fade. So wherever it was in the beginning is going to get there in the end. All right. it's all depends on how long is is it going to take, how fast the drop is going, to how how slow, or how fast the stock is actually going to drop.
That's the main question. Will it play games in between before it drops? All right, that's something that to consider. It can either do this or it can just fall flat again. Either way, it's going in the same direction.
So now some updates. Yesterday's video was um I mentioned some stocks in there. um a lot of them did great and some didn't behave as well as I thought they would. So first one was QQQ which made it up to um to the price that it was intended to go.
I'm talking about the NASDAQ when I say QQ it made it up here. the next one was spy and spy. didn't really I missed the um the top on spy by like a dollar. it only got to $4.99 and then it started to pill back. All right. So I guess it did this thing. um the other one was by do which jumped overnight again I told y the stock was going to go crazy that day. all right and those calls were up by like I think 70% or 80% and then it didn't do what I told y'all it would do.
It did the first part which was to jump I was expecting that and then it just stagnated throughout the entire day. It didn't push up to 115. when is it going to do so? I don't know I could have been one day too early I could have been two days too early. It might take a week and drag his feet between like one between 111 and 104, right? It could just stagnate for a while before we see another jump.
but um, but as of right now I don't know I don't know how fast By Do is going to get up there. I I Don't know if there is another clue in day somewhere or in a bigger picture then yeah, I will address it again. but as of right now I don't know about this one now. The last stock that I've mention actually no.
The third stock that I've mentioned was Netflix and congrats to anybody who made some money on. Netflix I Told you guys I give you all simple instructions if you haven't watched that video I'm going to paint it at the top right um, section of like at the top right corner of the video. That way you can click on it and watch I gave youall very basic instructions I told you set an alert at five 540 and then if it rings opportunity, that's when you strike right. so it ring like right out the gates.
This thing. it opened at 537 and then within the first three minutes that Bell should have rung for all of you right? So there was opportunity to make some money on the stock. it went Way Beyond 550 and stopped at 5602. Now the last stock the last stock was I mean that it surprised me.
It surprised me as well. Like with this one right here I Thought this one was going to make a similar move as Netflix did. um to today I thought it was going to make a similar move this as SQ as well because SQ pull this off. Now we're going to compare to some of you who may have uh taken this thing at the open which again I told yall the appropriate time to get into these place is when you catch it again.
This one was supposed to be here and Roku right here right at the close. At that specific moment, there was two opportunities we took Microsoft because Microsoft looked exactly like this. So it was either this bullish Bennet or it was the Microsoft bullish Benet We took Microsoft All right and this thing went. Um, this thing went high like this.
Unfortunately it was struggling out the gates and the play was dead when it broke below the pre-market low at 90 at $93 Once they broke below that, then everybody who pretty much got in here took their money off and then later on during the day it showed a bearish penet that broke down. This is a day trading opportunity. To the short side, it broke down when the spy in NASDAQ pretty much started to pull back. Now in regards to this one, is it going to go to 989? Not anytime soon? at least. I don't think it's going to get there tomorrow. It might. It might need more time and it needs more structure in other for me to know exactly um, when and where it's going to get there. but that's my that's my thoughts on all of these stocks and at least the end of the video.
Again, do not forget to annihilate the like button. As always, Um I Release these videos from Sunday to Thursday at 10 P.m. central. Time So definitely click on that subscribe button and click on that notification Bell That way you don't miss out on future uploads.
So get all of this information in real time as I see them if you like to be part of a private disc Community You can find that as the first link in the description of the video below. Don't forget to follow me on social media at Paul Anduma Andology Lab on Instagram and on X. And lastly, to get some free stocks with Weeble You can use the third link in the description of the video below once. Sh man, my name is Paul Gumo with P Knowledge Lab where we trade patterns and patterns only and I will see all of you in the next video.
Thank you bro🔥🔥
Thanks for all you do. Your chat skills are amazing.
thanks NGumah! great videos! tesla will be interesting tomorrow
tyvm👍👍🔔🔔
Hey Paul 👋 what happen to Roku????? 🤦♂
Love the vids bro don’t stop