Everybody welcome back to the channel in today's video we're going to be talking about a sector that money is currently flowing into and why you should keep it on your watch list. I'm also going to be explaining exactly why the market moved the way you did today and i'm also going to be doing an update on some of the stocks that we've mentioned previously before we begin 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 right. So let's begin right off the bat. We got the spy right now, and this morning i told y'all to watch the spy for a move up to 48 and 20 and the way it looked like it just did not.

It did not even want to do so as soon as it opened it immediately. Flushed down and we're right back down into this consolidation zone, this chop fed zone where day traders actually win, not swing traders all right so ensure that is when there is two or more green or red days combined or the trend is just the same. This is just chop and it's very very annoying, so where is it going to go next? I think we're just going to chill in here for a few more days before we get out to either to either direction like right. Now i would be guessing if i told you that hey we're going to break out or we're going to collapse, be very, very patient and watch the spy right as they consolidate this over here.

Individual stocks and sectors are going to do their own thing. That's the feeling that i'm getting out of spy all right now, the sector that y'all should be keeping in your washes, that is the travel sector and the stock specifically to watch is ba all right and the reason why i want to share ba with all of You is because of this. If you look on the 4 hour zoom in right here, there is this bullish triangle right there right there all right. It broke out nicely above 208, close above 208.

Today it opened up at 210 and ran up to exactly 214 all right, definitely not bearish. On va. There have been some positive news coming out on the left hand side over here about some deliveries of some jets, which is, which is a good thing right now. All we are really looking for for bk is for it to pretty much just chill over here at around, like 215 to 16, and then eventually have a major move that will take it up all the way to like 222 dollars somewhere in this zone.

By the end of the week or by monday, all right other stocks in this sector are looking pretty good. It's not just airlines. It's also. It's also cruise lines we're going to look at rcl as an example, an rcl as you can see the drone's still on the chart.

It looked pretty good yesterday and it still looks good today and i think it's going to continue on until it gets in that circle right here, um, definitely not bearish on airlines and cruise lines. All right now, let's talk about why the market moved the way it did and we're going to use one of the stocks that i've actually put out this morning. This will be really really helpful for all for you before, but the beginners out there who are looking to learn more about reading charts. Okay.

So in this in the morning i told y'all to watch two stocks. The first one was visa. Congratulations to anybody who made bank on this one. We definitely did and we got out at 226 226 right here and at 225 right here before this thing started to consolidate right there all right, but in regards to apple, why did apple fail now.

The reason is simple: again, i explained to y'all the pattern on here on the chart how it broke out and we wanted to see some consolidation right for a move up to 180, and i also gave you a warning that this was at all-time highs, um as Soon as it opened it immediately, tanked like out the gates like it didn't even show any like signs of buyers looking to push this thing. Past 184 nope um we're gon na change. This thing to five minutes and if you look very closely the beginning was just choppy that is annoying right there and then the next thing it does is to form a bearish pennant and then the floor breaks and everything. Well, not everything.

All of the tech stocks collapsed all right, it was kind of like they were all moving in unison and another clue to know that this was coming. Is we're going to look at we're going to look at qqq all right this morning, i also told y'all that i was bullish on qqq because it was showing a structure which looked decent at the time yesterday and today today it opened up at the same price. It opened up at the same price and it immediately failed right. So this was the flag on here it broke out.

As you can see. Let me change this thing to the five minute, so it was looking. It was looking decent yesterday. Buyer stepped in here by or stepped in here again hoping for a move all the way up like breaking above 404 and beyond, but it just kept going just chilling down here and going down and down, and that was pretty much the beginning of the end.

Beginning of this collapse right here all right, so the pattern on here immediately failed. I thought this qqq would actually help visa right. I thought they would all move together, but visa just moved alone, and we were able to make some money in that and some of y'all were able to make some money as well. I saw those in the comments section, but in regards to qqq i think it's just going to consolidate each off and then eventually it's going to form something else.

But right now, um day, traders are are pretty much making that are taking advantage of these intraday opportunities. Right, learn to adapt and adjust when the conditions of the market change. Okay. So that's that's my thoughts on apple, another, one that we're gon na talk about is nvidia and in regards to nvidia that one i shared it as well.

It didn't curl and follow through it. Didn't quite do see. I told y'all to watch this thing for a move up to 320., so it dropped tested the um previous line of support. It tried to make a move.

Yesterday we actually took that opportunity to exit out of that spike right. It gave one chance to exit, and then they gave another chance to exit. There was actually a bullish planet that kind of trapped, a lot of people right, and then they got trapped again as it just kept going down and down and down. That was like the indication that this was.

This was not gon na, be um a good day or the next one was not gon na be a good day, as you can see immediately right at the gates, it immediately fell all right. Where is it going to go next? I think it's just going to chill for a moment um. I think it's just going to stay here at around like 290 and eventually make its way back up towards 300 and 305 later this week. All right now, somebody, oh, we got ta talk about one more! Stop there's one more stock um again, this is to help the beginners out there who are learning about the charts.

One of the side that i've mentioned was um zillow, and i told you all to watch zillow for a move up to 70 bucks. I also give you a specific warning in that video. I told y'all look if zillow drops below 63 dollars, the play is done, the play is over and you should look for something else. I specifically told you that um as soon as it did that we were out of there no hesitation, no nothing, we left stock alone and we went straight to visa all right and uh.

As you can see, the stock didn't do very well like it. It tried to make a move back up and it immediately changed, and is it going to get just 70 later, probably right, but in regards to options again, you have to be right on two things. Two things the first one is the price, and the second one is when it's gon na get there right. So if you get one of these wrong you're gon na lose, you have to be right on both.

That's why you have to be so precise when you're trading options, okay, so eventually, eventually it's going to form something else, we're watching it um eventually there's a gap there like 184 dollars. Will they provide another opportunity to fill it? Probably all right just keep it on your radar. When is it going to get there? I don't know, i don't know all right. So that's my honest opinion on this one now um somebody asked about somebody in the comment section asked about um af afrm all right now in regards to afrm this one right here, um there i will watch this since, like yesterday.

Let me show y'all this thing. Right here, all right since yesterday um it was showing this very very clean play right there it broke down below 95.2, all right and then later on that day. Actually this morning it opened up a little bit lower at 40 at 94.8 and at 94.8 um. It didn't even try to make a move back or any recovery it immediately, tanked out the gates.

I gave out a little bit of a warning over here to the people who actually got into this. As you can see, and then at like 856. That was when the massive like dump happened, that is when kkq fell, that is when the spy fell and everything just started to tank, and this pattern played out to perfection and, as you can see at 9 16, which was like which was right at. Let me change this thing to the five and a five minute jar right over here: nine, sixteen ish! This is what i was telling people to start covering.

It went down a little bit lower. There was some more money to be paid on here now. How low could this thing go? Um? I think you can go all the way down to 75, but the key is the key is when is it going to get there and that is to be determined? I think it's just going to chill consolidate and then later on this week, um, i think it's gon na fall, that's my very honest opinion on this stock, and that is oh also one more thing. The structure on um on the one hour chart for afrm looks exactly the same as the structure on etsy and for those of y'all who watch this bonus.

Video. I told you all to watch etsy um, because the structure on there was really clean for short sellers. All right and if it didn't open up at if it opened up at 213, there could be a massive squeeze, but it didn't it actually opened up at the same price and immediately started to fall. Let me see this thing.

The five minute chart yeah immediately. It started to fall. This was like a very clean and easy short shorting the opportunity to take so now. Where is it gon na go? Next? I think it's gon na chill and consolidate.

I think it's going to follow the same movements as af rm, and that is the end of the video again do not forget to annihilate the like button for the youtube algorithm. As always, it helps channel a lot and allows more people to get this knowledge as well. Also, if you are new to the channel, definitely click on definitely, click on subscribe and click on the notification bell, along with all notifications. That way, you don't miss out on future uploads.

If you'd like to be part of a private discord community, you can find that as the very first link in the description of the video below also, if you're not following us on social media, find me at paul. Guma in a pedanology lab on instagram and on twitter and lastly, if all of this is brand new to you, if you're interested in getting started in the stock market, i'll leave some very basic, step-by-step directions. In the description of the video below step. One two step: three, all right: um! You can see that at the very third link in the description of the video below and lastly, if you're interested in getting two free stocks with weeble, you can sign up using that link below as well.

Once again, ladies and gentlemen, my name is paul guma for paranology lab, where we trade patterns and patterns only - and i will see all of you in the next video you.