Everybody welcome back to the channel In today's video, we're going to address the overall: Market once again. I Think there's about to be a massive move coming up really really soon. So we're going to talk about what to expect now. We're also going to look at some stocks that reported earnings and talk about what's going to happen within the next few days.

All right, Y, let's dive right into the charts. Right off the bat, we got the Spy over here and today today doesn't surprise me. The price action that we've seen cuz I don't know if you noticed about the last video I was like I I wasn't really sure how everything was going to go I was leing a little bit bearish but not too like. Nothing was really really clear and right now nothing is super clear either.

All right, let's look at the daily chart and the cand are kind of getting smaller. Is is the price Rising Yes. Is it suspect? Also yes. All right.

um You Don't want to get caught chasing long at any point when uh, these candles are moving like that, you want to be very cautious and again I Said yesterday, take things dayby Day means that. which means, um, day trading is actually preferred. There are some swing trading opportunities as well. We took some.

um, we took a swing trading opportunity which I'm going to share with y'all um, later. But for the overall, Market things are looking like they're They're slowing down a bit. they're slowing down just just a tad bit. The the Vix is also Rising.

Let's look at the vix here. Viix. All right. So the Vix rose again today after filling the Gap from yesterday and showing this thing right there is continuing higher now.

how fast are we going to see the Vix touch the neckline of this triple bottom? The neckline is at 14 and a half I don't know it could be Monday could be Tuesday I don't know. All right I don't know, but it looks like we we're trending that way. so it's It's like a how do I say this is I think it's called. it's a Divergence where we see this thing moving up like that, right? and the the the Spy itself is also creeping up, but one of them has to has to go the other way.

They're not supposed to go in the same direction, so it's like an early indic indication that there's going to be a massive move downwards coming soon for for the Spy. All right. So that's my thoughts on it now. First stock that announc earnings today that we got to look at next stock is is Visa I Wasn't expect I Wasn't expecting the reaction that we got from it with this earnings.

So first and foremost, um, there is a massive pattern on the weekly. Yeah, it's on the weekly so there is an asending triangle on the weekly right here and then Obviously you can see the uptrend with the with the higher lows, right? it's been going and going and going I Thought it would do a lot better. Here it is. This is the reaction right there.

so it creeped up in little bit and then obviously today. um, there was a sell off in the middle of the day with the spy and then they put out this type of reaction I don't know how the stock is going to move tomorrow. It could be it could form as a bullish engulfing candle where we start at 266 and then move all the way higher. because in the back of my mind I have that big pattern like the pattern on a bigger picture as kind of like as priority.

So this reaction maybe just a way to get these contracts to be really really cheap before we see a move higher. but watch for clues in your dat I wouldn't just jump out the gates like don't do that, don't don't do that I Don't do that I don't unless there's something so clean and so obvious for me that is like in pre-market or that's stretching over two or 3 days and it's breaking out at the open unless something like that happens I'm I don't jump in at at the open I I Really don't usually I The the open is that moment where I just look at what I have and if the stock is going well I hold and if it doesn't go well I get out I Immediately cut my swings. That's that's kind of how that's that's usually what happens with me. And and the open the opening five minutes at least.

All right. So don't just jump in there out the gates, wait for Clu to tell you where it's going to go. You can set an alert right here at 260 at 261. All right.

And if it rings, the next thing you got to do is to watch the volume. That way you don't get trapped because the volume is a big indication of whether this thing is actually going to collapse or not. So um, just keep that in mind. So that's with Visa I'm pretty sure Emma also followed suit with this one.

Now the other stock that had earnings that I want to share into this video is CF Capital One Um, this one also fell, but not by much. not by much. All right and big picture is kind of overvalued. Still like it went way up here after showing that ascending triangle way up here.

Eventually it needs to pull back. The gap on the left got filled. It might play some games before we know for sure where this one is going to go. Um I wouldn't Yeah.

I I wouldn't touch this one I wouldn't touch this one. Now let's talk about another stock. Another stock for tomorrow is Intel and Intel It had earnings this afternoon and the stock is very notorious for having negative reactions through earnings. Like most of the earnings report from this stock is usually negative.

like this is the it's the only positive that I've seen in like two years looking at at this stock. but usually when it has earnings it it it tends to drop um and right now right right there what I see is a bare flag. There's a bare flag on the chart and the earnings reaction caused the breakdown right here. All right.

So this is the be flag Now two things can happen. The first thing is that it opens up at this price. maybe between it opens up between 44 and 45 and then drops. The second option is for it to actually be generous to everyone right and bounce up here.

Retest 46 and then drop exactly the same scenario that I drew for you guys with uh with da AWC All right, exactly that same scenario: option One or option two. So this is definitely something that I want to watch tomorrow for a put Ual day trade. All right, watch this one tomorrow. Now a quick updates yesterday I Shared with youall three stocks.

Well, two stocks. The third one was the good one. Um, the first two didn't behave that well. Uh, first one was Cytk I think yeah, that one didn't open the way I wanted it to open.

an opening at below 81 would have been nice, but the volume was trash and it just chopped in the morning. so this one was a nogo. The next one was mRNA and mRNA this one opened up higher all right. Which means that the pattern failed as soon as it broke.

Above This level right here this 102 level the pattern was dead. It was never going to collapse all right. and jumping in at the open was not this again. I Tell I'm telling you guys, that's not something I do I don't just Chase things at the open so it's very very dangerous because they can be these Quick Red to Green moves or these green or these, uh green to Red moves right it could is it could be very wild at the open.

that's why I typically don't get involved I use that time to get out of swings all right or to keep my swings if it's behaving the way that I like all right now, the third stock that I've mentioned to you was was the Wac and congratulations to anybody who made some money on this one. I Gave you guys maybe four reasons why, five reasons actually and five reasons why this one was a clear and obvious short. We took a trade on there. All right.

I Told you yesterday about the dilemma I had between Roku and Microsoft Long right? and this was the long opportunity that we took and this is the Dwac right there. I shorted it looking for a drop to 30 30 was was a little bit aggressive but I held my pulse all the way. I Just followed the diagram that I drew for you guys again it's still on the chart I was expecting. this was one of the outcomes that I was expecting a pop back up right? that's what this line represents followed by the drop all the way down to this one says 31.

So I was just following following that line, following the chart and see how it moves along it and it got exactly where I wanted it to be on time too. So this was very simple and easy trades for us and for hopefully for you guys as well. All right so again, congrats if you made some money on it. Is it done dropping the answer is no.

The simple answer at least the Temple series know like this was a predicable move, especially after the stock completely gave out. Very predictable move. What happens next is um what happens next is if the stock going to play games as it fades, what kind of games is the stock going to play right? cuz sometimes they don't just go straight down short. sellers would love for it to go just straight down like I would have loved for the stock to drop all the way down to 20 right? but you got to be.

You got to be realistic and you got to look at the way the stock is moving at the pace at which the stock is moving. Um, you also got to look at the Spy to see where there could be potential Trend reversals and I got to at the perfect time too at exactly exactly 1 hour and 15 minutes after market hours, right? So around like 10:00 Right right here. That's where I got out right there. All right.

So you got to look at a whole lot of things in other to to really be sure that it's not going to drop even lower and lower Now Is it? When is it going to get there? I Don't No, it could jump up here before falling again. it's going to get back to $25 That's that's that's something that I expect like I'm not I'm not bullish on the stop I just I Just don't know what kind of games he going to play between now and between in between. like February 1st where it's going to end up at 20 bucks, it's probably going to get there before it again. how slow is the fade going to be after February is probably going to fade like that.

All right, it's just the inet that is the challenge. So keep your eyes out on it and remember as time goes on with the stock, the IV drops the implied volatility drops, which means that the put options also drop. So the longer it plays games like the more calls and puts people who are holding calls and puts they're they're getting destroyed. All right.

So you don't want to be holding contracts at the wrong time, you want to be very specific, very precise in your entries, and you want to get in like a little bit before Massive Moves occurs. Hopefully to the downside, right? Or you want to catch the wave downward when the volume picks up. You don't want to be in it when the stock is going sideways. That's how you lose.

Again, keep in mind the Greeks When you're trading this specific stock like the IV look here. the IV is over 300. This is what I'm talking about. It's over 300.

These contracts are are cheaper now because tomorrow is Friday. But the ones look, look at these ones from the from February. These ones are supposed to be like 100. These ones are supposed to be 170 bucks.

Kind of like these right? But because the IV is so high, that also increases the value of these contracts on both sides. So um, the longer the stock plays games, the cheaper these contracts gets. All right. So that's my thoughts on these ones we also took.

We also took a day trade later today. Let me show you guys we took a day trade on AAP. All right. Um, and I made a mistake.

It's it's not really it is. it is a mistake. It is. it is I made I Made the mistake to sell I Sold it right here.

but at the same time, is it really a mistake? It depends on it, depends on how you look at it. We're going to go into the discords again, right? I gave everybody a warning again I sold the Dwac at 10 11 completely out and then I saw this one I gave out a war that I was watching a at for the drop. This is a Desc standing triangle for those of you who are new to this channel. Look for these structures.

like literally all day. That's all. I look for these structures and that's all I trade because they're easier to manage. They're easy for me to manage right.

And they're They're usually usually easy to predict. so as soon as that thing broke down I B puts on there um, the price Target that I had was 171. All right. I said 171.

My mistake was actually like was actually meaning it and holding all the way until 171 Which means that I should have swung. but I got rid of my contracts when I saw a double bottom right here and also. and also keep in mind that um Intel had earnings like during those during the those last 10 minutes of Market hours I should have I should have considered the fact that Intel has earnings because it's notorious for having NE reactions through earnings. but um, that was the day trade for Aat.

Is it going to go down lower? Most likely. Um, look for look for Clues on when to get in if it goes up and retests 173 I would be very very very interested in going in with sports again. Just if again it has to retest it needs to retest this level right right there or give or give me another structure that I like in order to go back in shorts. So have have your drawings put out like that and set your alerts.

you can drop this one all the way down here to 166 and have another one at like 172 because anybody who swung I'm sure people in the Discord SW I'm I'm I'm 1,00% sure people in this CL one and rightly so and I'm happy for them. Um but with this one right here anybody who had who had puts they'll be looking to cover and when they cover there would be a spike or there should be a spike all right. So patiently wait for that and watch for a a rejection or retest and a rejection of 171 before we continue downward. The stock is is it's kind of overbought kind kind of.

And also look on the daily charts the combination of these two candles right there number one and number two. This is called a dark cloud cover if you don't know what that is. just look on Google dark cloud cover and you will see that right there after an uptrend is really really bearish. I should have seen that so I could SW I should have seen that.

but it's all right Again, that's my honest thoughts on all of these stocks. and that is the end of the video. This video getting way too long? All right. So definitely demolish the like button.

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