Everybody welcome back to the channel in today's video we're going to talk about tesla all right and how their earnings result will affect the market tomorrow. I'm also going to be doing a brief trade recap as well and sharing some stocks that y'all should be keeping in your watch list for tomorrow. Now before i begin, do not forget to annihilate the like button on your way in and also don't forget to demolish that subscribe button if you are new to the channel right. So, let's, let's begin right off the bat um in yesterday's video, i told y'all that i wasn't expecting a dramatic move.

I thought the market. I thought the spy specifically was going to range between like negative 0.55 and positive 0.20. I think um it did. It did a little bit better, but today was kind of choppy, as you can see, which is very, very choppy for the spy um.

The nasdaq was a bit nastier, mostly because of what happened to uh to netflix. Now my thoughts regarding the spy um, i'm going to share that after i talk about tesla, so we got ta, look at tesla again all right, so here is tesla right now, all right now tesla had monstrous earnings. They beat um their eps and they also beat their revenue expectations. So this is it right here, as you can see, they beat their aps by 42 and they also crushed their revenue by 5, which is good.

Apparently they had a 81 growth year over a year. For tesla, so the numbers look really really good um. The reaction also matched um the the results which doesn't always work out like that, but when it does, it causes people to just be calm, especially for the long-term investors who are holding tesla shares for the long term. Now, with the char specifically with the chart, which is what i primarily look at there is there is this: it looked like a bear flag at first right here, all right, but with the earnings results, i think i think it's definitely going to bridge through.

This is not the first time that i've seen a potential bear flag that doesn't turn out in the favor of the bears right. So i think that it's just going to break above 10, 50, 10, 1050 and then run all the way up towards 10 90. By like by tomorrow is what tomorrow is tomorrow's thursday yeah. So by friday i expected to get up to like 10.90.

Microsoft did something like that too way back then um it had a similar setup. It looked really really really bearish, but the reaction was just completely like completely the opposite direction of what the chart would perceive. So definitely watch that one for, for a run all right now. How does that go to affect the market? Obviously, tesla is.

It has a very large it has a very large component of like a spy and the nasdaq. Therefore, money is going to trickle into the spy as well. I think that the run is going to continue to go higher, looking at it on the on the four hour or just a daily time frame. I don't have a reason to be bearish on spot at all like if you look at spy right now, like the right shoulder is looking pretty good.

It's climbing slowly! It's climbing slowly, it's not quite at 4500, but tomorrow i think it will. I think it definitely will, if not by tomorrow, then like this is the candle for tomorrow, the 21st. So the market could be nasty and drop a little bit to like 44 to 44, 44 bounce again and then continue on friday and then continue again on monday. Right it could do that or it could be nice to all the longs and just go straight up all right.

So that's my honest thoughts on um tesla and the spy and the overall market, all right now, um one stock that y'all should be keeping on your watch list for tomorrow. I'm going to share that one briefly before i show you all some of the trees that we took um mc no mrk mark yeah, merc merc. This one is a uh, a drug manufacturing company, a pharmaceutical company. Now, if we look at the one hour first, we got the giant v giant gap over here right, it's huge, very, very massive gap that hasn't been filled, yet at least not completely.

The first time i tried to do that it was off by 50 cents. It got up to like 89 and 50 cents exactly before we checked it and then consolidating today today. What i see with the stock is this: if you look at the four hour it's looking decent, it might make a move tomorrow. It might um there isn't a profession on the chart.

This thing right there, which is kind of it shouldn't, be there. It's just an error, it's an outlier, so will it affect the chart? Will it affect the outcome? Maybe maybe not, but i think it has potential to move up to like to 90, at least by, like friday, so definitely watch um for tomorrow. All right now, with some of the trades that we took, we took a trade on spy. So, let's take a look at spy really quickly, so with spy um yesterday was a decent day.

Everything was good. We actually bought calls at the close we bought closet to close right over. Where is it at? No that's oxy there. It is yeah.

So yesterday, around like 10 minutes before the market opened, we bought some calls on there. Because again, i was expecting the spy to move up to at least um to at least for 450, but it only went up to 48 to 448 dollars and the thing about the market. I was looking at it. I was waiting for it to make some moves to push higher at least right, so we got this structure right here.

It's looking kind of bullish. It looks like a a megaphone pattern right there with some potential right and it tried to push past it and it just couldn't, and when i saw that i was like you know what i think it's best, if i just get rid of it, because one stock Isn't done dropping so it's best if i just take the 25 profit right over here at 8, 34 right here, as you can see right here, this is when i sold the spy calls and then what happened next is that it just started to jump all the Way down and along with the spy it was dragging another stock down and that stock was obviously was obviously netflix. All right and netflix was just looking very, very bearish yesterday, especially after their terrible earnings numbers right. So with this one right here with this one right here, it was pretty clear that it was going to go all the way down towards 228, because there was actually a gap down there that needed to be filled.

So this was the alert for the price target of netflix down to 228 and netflix just kept slowing down and just going lower and lower and lower and lower again, so some of the trailers were able to make a lot of money on that one. Hopefully, some of y'all were able to make some good money on it as well um another, let's see here, it's another trade that we're looking at today. This one was target - and i made a video about target yesterday for y'all to watch it for a move. All the way up to 260 dollars today today it gapped up at first and then from a bullish penny.

It was really really clean. So we got calls on this one right at that breakout right there at around 258. The price target that i had for this day, trade was um 252.. It was performing really really well climbing up slowly climbing up slowly and then it started to roll over right here after it got to like 250.50, and then this is where i still have it.

Try to make another push deep into that circle right here, like the middle of the circle is 251. Maybe i was just being a little greedy with it, but um it tried to make another push and then it just could it stopped at exactly 200 and exactly and then i ended up selling the remainder of those calls on target. So that's pretty much the trades that we took - and this is how some of our traders did today um. As you can see right over here, somebody made a 60 profit on spy.

They probably got more aggressive contracts on the spy for that for the skulls. This person right here had yolo, puts on netflix prior to earnings a again like, i always say it's 150 percent gambling and they could have gone either way but congrats to anybody who bought puts on there. Um this person actually took the day trade from the morton call out and made 60 64 profit on their money. So shout out to you, another person also took a day trade on netflix um at the open, and it made about 1200 from it.

Um. Another person took the day trade as well and made 372 dollars and, as you can see, somebody else doubled their portfolio today, based on the netflix trade as well. So overall, it was a pretty decent day and hopefully y'all made some money on. Hopefully i made some money on target as well all right, so that is the end of the video again.

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