Everybody welcome back to the channel stock market is about to go insane tomorrow in today's video we're going to talk about why i'm also going to be sharing with y'all top two stocks that y'all should be keeping in your watch list for tomorrow. All right now before i begin again, do not forget to obliterate that, like button on your way in here right and also don't forget to subscribe, if you are new to the channel, let's, let's begin right off the bat um, we got the spy right now and So far today was today was a decent day um. I wasn't. I wasn't expecting such a massive day.

I was leaning neutral going into today and so far so far looks it looks alright. We're gon na use the nasdaq all right. We're gon na use the nasdaq here now. The reason why i say that the market is going to go insane, as all of you know, is that tomorrow, they're they're going to report consumer price index numbers pretty much um, it's a measurement of inflation, of where we're at for the month of february and the Game plan that i put out on this chart right here for the nasdaq is still there all right.

It's still there it's still following through. Let me change this thing to the four hour, all right now, with what's coming tomorrow with the consumer price index um, it's expected that it will be around like close to eight percent. Let me show you guys this auto code, which i found on market watch. It says right: there traders expect thursday um this coming week to bring the first in the string of annual consumer price index headlines, figures close to or above eight percent, all right and they're, expecting around 7.9 for february and then for the following month of march.

They're. Expecting around 8.3 right, so the expectation is in the in the in the high nines, maybe even low eights, and i'm pretty sure i i feel like the the reaction would be wouldn't be too good. All right and given the the the game plan that i put over here, if the reaction is as terrible as i think it will be, then what will i see tomorrow at around like exactly? I think it's 6. 30.

That's when they announced the data um. We might see a massive red candle right over here to bring us all the way back down to like 13 13 225 dollars, and then we chop a little bit in here before we fall again and pretty much like complete this entire thing right here. All right. All the way down to like twelve thousand and six hundred 650 dollars.

That's that's what i'm thinking so just to not be surprised again. This thing right there i drew it la in like two weeks ago, two weeks, sunday yeah, i drew it it's on there. I haven't touched anything so we'll see if it plays out this thing can be a little bit adjusted like that. Let me do let me do this all right and then let me do that there we go all right so now this is pretty much.

What we're! Looking at this we'll see if it comes to pass all right - that's that's that's my thinking for tomorrow for the overall market. So obviously, if i'm thinking that way, then you can ex. Then you can expect that i am kind of bearish on a lot of stocks out there, regardless of the massive rally that we had today. I think it will be.

I think it will be a short lived now, the top two stuff that all of you should be keeping in your watch list, the first one, the first one is baba all right, and the reason why i want to share baba with y'all is because of this. For for a few reasons, number one is beaten down for quite some time. Has it been following the market to the t it's been, it's been just falling for a while, and then the market sell offs kind of like presses it down even further right. It's been struggling for a long long time, but what i see here on the the structures on the 15 minute and it may play out it - may play out.

There is an ascending triangle on the chart. It's right there right here, all right and it actually broke out like right at the close and also something that you want to consider with this one. If this is clean, it should it should open up at like 104 and then run to like 106 or 107., or it should just jump immediately to 107 and fade all the way down again, if tomorrow is indeed bearish like super bearish, like we open up higher And then it provides a shortened opportunity or it opens up at 104 and it runs to 107 for a quick day trade that you may you you may have to really really be fast on that one, if, if that happens, all right now, the reason why i Say that it could happen not just because of this structure right there, but another chinese company has earnings that they are reporting and that stock that stock is jd. That company is jd all right now, jd it has earnings.

In the morning. We will see how that one plays out. I think that the reaction would be. I think the reaction would actually be positive.

Um. There is some room down here. I know there is some room down here. Could it go down that fast? Maybe maybe maybe, but there could also be a possibility of of jd retesting that level first, at around 67 before fading, like all the way down like so so we'll see if the reaction is really really positive and it jumps up really high people who bought yolo Calls prior to tomorrow, they're likely going to take their money off the table at the open, and if this jumps by that much then i would expect us baba to also jump up really really high right.

So that's the first one y'all should be keeping in your watch list. The second stock that y'all should be keeping in your watch list. That stock is snapchat all right now. The reason why i i'm talking about snapchat once again, those of y'all who watched, i think it was sunday's video - maybe i think, yeah it was sunday's video um.

This was one of the top two stocks. I told y'all what would happen with it? Um i told you that it would drop to thirty dollars and they dropped it thirty dollars on monday. It definitely did right here all right: it dropped to 30. Then i told you that it would bounce to potentially retest 35.

It got up to 34 and then i realized that the resistance is actually like almost at exactly i mean i see right here, 34 90 and then this right here, i believe, is exactly 34 50.. So it may not touch it exactly, but it's looking quite bearish. It might complete it, the drawings are on there. I haven't, i haven't really moved anything um and the gap is still there as well.

So watch watch snapchat for a drop again. If the reaction to the cpi um data that comes out if it's negative, this thing is going to drop and open up at 32 and continue flushing back down to 30, and then the selling pressure is probably going to carry on until like friday, all right. So definitely watch this stock as well for tomorrow. Now now, let's, let's, let's talk about, let's talk about a few trades that i took so today i took i took some trades.

I took two trades. The first one was on mu and this one would be a a good, some good insights for people who are um, who are beginners, who are trying to learn the charts. So this is the second time i mentioned in uh, mu, first and foremost, there was this thing that wasn't clean. Maybe i showed you that maybe i didn't i think i did.

I told y'all that this was not clean. It was looking quite ugly right and monday was bearish, so obviously the sell-off made sense, and then today today i was leaning bearish on it and i took a day trade and the intention was to actually short this thing down to like 76 dollars and the entry Was uh, let me see, let me show y'all where that entry is there, you go all right, so this is the buys and sells so the entry. The entry was right there, all right right there when this thing started to break down and the goal was pretty much to hold all the way down. But the one thing that i didn't like it was behaving quite well, and i didn't like that.

It started to well this right here. It did well kind of rejected and it was continuously selling, so we liked it. We liked it until we did it until i saw that that right, there kind of pissed me off it's not supposed to happen. This candle is supposed to go the opposite way, so we i had to get rid of that, and i took like a small loss in there very, very small loss, because the stock did not do what we wanted it to do.

All right. I lost like 200 bucks on the trade i get out at 10 40, which is in this candle right there all right and then after that it pretty much went higher again. So when a stock doesn't do what you think it should do it looked pretty clean. I had good reasons to take it um.

Is it the cleanest, bearish pennant that i've ever seen? That's that's arguable. It's arguable, but it looked good enough for me to not hesitate, because if you, if you hesitate and you let it go and it goes lower to where you know it should go, then that's that can be irritating all right. So that was the first straight now. After after taking a small l on this one, i decided to keep looking for opportunities and look for another one, and then i found i found this um.

This stock d-o-o-g and the oog looks really really good. So since since the market was not that bearish anyways right and i decided to - and i was leading a little bearish towards mu and that kind of backfired, so i looked for a bullish opportunity and then i found it right here. If you look on the chart, there is an ascending triangle on the chart right there uh-huh right there, and then let me show you how the bison cells again, so we bought it. We bought it at around 11 o'clock with these contracts right there all right.

So the game plan is pretty much laid out. It's quite simple. I keep it real simple, like i like to keep things very, very simple for everyone to understand. Obviously this is the stop loss like that that right there and then this is the target at 143.12 cents and let's see what happened after we got it so we got in and then we were just watching watching this thing run right.

It took a long time and then, when it got to like after it ran for like almost an hour it got to. Let me change this thing yeah. It got to this point right there, so this level right around like 140 dollars and that's when i started to take some profits off the table actually got to like 141 and then i started taking some profit off the table. I took half and then i wanted to see if you could really get to like 143 right and then it just kept going and going and going and then at like at noon at 12, 19.

Central time i sold everything, especially when it got to when i got to around, like it was right there right at 141.70. I liked it and um. If the contract didn't go that much higher anyways. Let me show y'all the transaction for the straights it's in here.

There we go yeah, so this is the transactions for the trade. Let me zoom in so, but i bought seven contracts for like 2400 and then i took some off at around 141 and then i took some off at around like 140 1.70 and the contracts i sold them for an average price of like 520.. Eventually, it got to the price target of like of 143 and the contracts were around like six dollars, but it took like all day to do it, so i don't really feel that bad. Yes, it was a little bit of money, but the trip was still successful and that's pretty much that's pretty much.

The trade recap for today, hopefully, y'all, learn for those of y'all who may be new to trading and got some some insight about how some of this thing works and yeah. That's pretty much. The end of the video again do not forget to annihilate the like button for the youtube algorithm, as always helps the channel tremendously and allows more people to get this knowledge as well. Also, if you are new to the channel - and you haven't done so already - 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 like to be part of a private discord community where you can get the details of the contracts, the entries, the exits and the reasons why i take the trades at the time that i take them. You can find that as the first link in the description of the video below, if you're not following social media, you can find me at paul and luma at the pet analogy 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, let some very basic, step-by-step directions. In the description of the video below step, one to step.

Three literally takes about 10-15 minutes for you to get signed up with all the tools you need to get started immediately. You can also get two free stocks spent up to one thousand, eight hundred and fifty dollars, whereas sending up a weibull using the third link in the description of the video below. Once again, ladies and gentlemen, my name is baldwin guma, open, analogy lab where we trade patterns and patterns only - and i will see all of you in the next video you.