Everybody welcome back to the channel in today's video we're going to talk about whether we are experiencing a debt cap balance in the market. I'm also going to be sharing with you all some stocks to take a look at for today, and i'm also going to be answering some of you guys questions for those of y'all who drop the stocks of interest in the comments section of last night's video right After the intro right y'all before i begin again, do not forget to annihilate the like button on your way in and also don't forget to subscribe. If you are new to the channel all right, so, let's get started. This is gon na, be a brief video um right now.

The way i'm looking at things um the market is doing exactly. What's the drawing exactly what what what is drawn right there right, um, it's it's a good sign and not a good sign. It's a good sign if you're a short sailor. Obviously um.

It's a good sign that again, the plan was the plan is right there and it's following it all right, but most people want to see this thing climb and just push beyond 45.50. So just um, just just stay cautious, is, is that a previous level of resistance right over here and if it continues to just chill over here and not break above that tomorrow is, i think tomorrow is a half day, so market makers may throw a curve ball At traders, so just be mindful of that: let's take a look at. Let's take a look at nasdaq to see how that's doing and nasdaq also, let's see come on. Okay and nasdaq also is kind of doing the same thing.

It's just chilling here, um yeah. I would just i would just say, be careful for today be careful if we don't. If we don't see a pop um, don't be overly bullish and be and and just watch what you're doing all right just watch what you're doing so um the very first one that we're going to talk about in this video we're going to address nike and if Today is a dead cat bounce. If it is all right, then nike nike should collapse.

Um it had earnings, it had phenomenal numbers through earnings. It gapped up all the way out. Here it went to 170.. It didn't hold that level.

There is a lot of sellers at this region at 170 and if you look at the four hour, let's zoom out really quickly, i mean it looks like it looks like it pretty much just gave a second chance for these individuals to get out, at least that's What that's the way i'm interpreting the chart, all right, if you have a different opinion, you can put that in the comment section, but the way i'm looking at it is that - and this was actually in the trading trading hours if i'm not mistaken yeah. So this happened in the traded hours and those individuals took that opportunity to actually exit and sell, sell up on the stock and right now it's looking kind of weak um watch nike. If it drops below this level right there, things may not get too think it. May not be too good um.

It may fall all the way down to like 160, all right, maybe even yeah, i would say i would say - 160, if not today, then on thursday and again um. If there is selling pressure with the indices, this is gon na fall, even faster and even harder. So just keep your eyes out for that um i told y'all in the last video. I think it was two videos ago that i was suspicious of that because of that giant my gap right there all right.

This makes me anxious this this right there as a long as a long investor who is looking to go long on here um. You want to be mindful that this may fall all the way back down here at some point, it's going to at some point. It may not be tomorrow, it may not be next week, but it may fall down there and also there is a gap down here. Also at 160..

That's a gravestone doji, not a great sign. You don't want to you, don't you don't want to see these things, especially after earnings, so yeah? I just wanted to put that on your radar for today to keep on your watches the next one the next one to watch. Just in case we have a dead cat bounce would be costco all right and in regards to costco. Um y'all should definitely keep your eyes on this one, because okay, there was a massive amount of selling pressure in the beginning of the day.

Yesterday, a nice bounce, yes, but as of right now again the futures are red and also on the costco chart. If we take a look at the one, you can see that there is a left shoulder right here, a head right there and a right shoulder right here. Right um be careful! If this neckline breaks, we could fall all the way down to like the 525 region. Um, it is very over like it's it's elevated right now like it, it needs to come down at some point.

It has to come down. Eventually it will all right - and this looks like the setup to actually bring it down. So um watch costco as well. There is there may be money more money making opportunity on this stock all right now now, let's talk about um, a stock that looks kind of good for long crowd strike all right now, crowd strike crowd strike again is gapping down a little bit with the market.

Um i talked about this one before and i'm just following up, because somebody asked me to in the comment section all right: i'm just following up with it. It looks decent. It kind of have this end pattern on here all right, um. That previous level is rejecting.

Again, at like 211, it's been trying to break through that for a while, and right now is struggling. It may take some time before actually breaking through it. Um, i'm not too optimistic about the stock nah, not the when i went the way it's looking at least, and there isn't any news at all. There isn't any upgrades and this structure just isn't too clean enough for me to recommend this in either direction.

So i just think that it's just going to chill sideways in between like 205 and 211, for either for today or for tomorrow as well. Alright, so that's my very honest opinion on crowdstrike um, the next one that we're going to discuss that one is ba all right and in regards to ba, i told y'all, and i think it was yesterday mornings, but those of y'all who watches this morning's video. I told you specifically to watch the travel sector because they got beaten down the most and they look like they were ready to pop. I showed you all what was it? I think it was uh nclh cruise lines, yeah, that's what i showed you.

I told you cruise lines formed a flag and it broke out, and it was at 21. It moved to 22-15 and right now, it's still at the same level, if you took that trade congrats um definitely consider taking some money off the table. Just in case there is a dead cat bounce that brings down the whole market. You want to.

You want to keep these things in mind, and you just you. You want to pay attention to what's happening in the front of you right so in regards to ba. There is some news on the left hand side about about something about something over here. All right in the chart the chart is looking decent.

The chart is looking the sense, um there's a double bottom right there, which is, which is good all right, which is good. I think today, it's just gon na be a consolidation day and then on thurs thursday yeah and then on thursday. We may see this thing continue up to like 205 dollars right, i'm not i'm not too bearish on i'm on va. Definitely i'm definitely not um yeah.

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