Everybody welcome back to the channel. Now in today's video, we're going to address the overall Market once again and I'm going to be sharing with y'all some stocks to keep on watch along with providing an update on the stocks that I've mentioned in the last video. Right now, let's let's dive right into it. Right off the bat, we got the spy and yesterday was kind of like a very choppy day.

It didn't really do much like the bullish pennant was there. Then the breakout of seven occurred. The last video was released right here and then in the open. They tried it.

really really tried to make that move to 446 but it couldn't. It got rejected at 9 40 and then just kept chopping throughout the entire day. Now could we get to 446 today? That's a possibility, right? I'm still watching for a move like that. You're that way.

That may be a rejection from this level up here. So I'm still I'm still watching out for that. It could happen this morning and then we could see a rejection. So as regards to the Spy as regards to the Spy, like right now it's looking, it's trying to be a little bit more bullish.

it's trying to be. but I'm not fully convinced. Again, the Red Box. The price still hasn't gotten down there.

It's only a matter of time, like it's looking similar to what happened last week. Last week we had like half of the week was bullish. This is Monday, Tuesday and Wednesday and then the last two days were straight bread. So right now it's kind of looking similar.

like the same way, right? So we have Monday was green today. Today might not be such. Today might be a lackluster day. Actually, it might be all right.

and then the volatility will kick into the market on a Wednesday and Thursday and Friday. So as of right now I would say day trading is preferred. I would say day trading is preferred. Be very patient.

All right. Wait for the opportunity to come to you. Wait for the setups to come to you before you make your move. Now the first stock that we're going to address today.

that stock had earnings and that stock is BBY. Now BBY BBY is is down from the highest of 442, right? It's down about like 60. Well, it dropped by 60 and right now it's been chopping between 90 and 70 for the past eight months. Maybe nine months right? And today it reported earnings I Think they did okay.

They had an earnings beat right here. Let's see. Yeah, so they bid on EPs and they also be on their sales numbers. The stock is slightly up.

Um, watch for a like I would like to see a massive green candle out the gates with with huge volume. Like if I can see that then there could be an opportunity here for a long for a long all the way up to 80 bucks. All right. So set your alerts right here and just wait for it to rain.

If it rings, there might be a push, a push at the open. um, or a like nine o'clock for a move up to eighty dollars. And that is where let's see. Yeah, I Said there's a previous level of resistance right here.

Yeah, so 80 bucks is where I would watch for for this stock. Again, You gotta wait. You have to wait. You have to wait for this top for this free market height to get taken out.

First, you have to wait for that. It's important and if it never rings then you don't have to take a trade on it. If it never rings, it just chopped right here all day. Nobody makes money right and this is not.

Therefore, it's not an opportunity to really be like to be looking at or to be paying attention to what to be trading. You have to wait. so set your alerts at that price and chill out all right. Now the next one that we're going to look at in today's video we're going to look at PDD and PV spiked.

It had a massive earning speeds was the question is what's the reaction Predictable? It kind of I mean again with with earnings like I always say is 150 gambling and there is a 67 chance of you losing money, especially if the stock goes nowhere. Both sides loses. but on this one this one showed a structure like this is I took this the screenshot of PDD five six minutes before the market closed, it was showing the bullish. Panic Obviously if there was no earnings like this is the immediate law.

like no, no question, this is an immediate long for the next day regard like if the if there is no earnings. but there was and all right. So we decided to take to buy cars on JD instead. All right.

So I have calls on JD and obviously this is a Chinese stock. Again, looking at this is JD right here. All right. So we got calls on it and looking at it today JD is off to 34.50 So this job is due to the earnings Beats from PDD and I've been mentioning the Chinese stock since Sunday nights.

All right. I Told you guys that yes, it's looking really bullish and I wouldn't I Wouldn't be surprised to see Baba jump up to 91. Bubba also did that. so if you go on to Baba right? So there's the bullish, pin it right here.

Some people took a swing on it in a Discord after I've mentioned it at like 110. All right, and this thing jumped up to 92 bucks. Consolidated Throughout the entire day, PDD has earnings so the stock and the sector itself is recovering quite well. There's still an opportunity on here and look, there is another look.

There's another intraday bullish printed right there again. For those of y'all who were who watched the last video or decided to take a trade on it, you should be up. You should be up quite a bit at the open. like.

especially if you bought the contracts that expired this week. This looks like it's 60 to 70 percent jump on the contracts based off of this move alone. All right, well let's see a morning pop. Maybe it's a 94.5 Maybe I think I Think we might see a morning pop, especially because like Pdb is so high like a jump by 12 this is this is 14 and something that the other stocks like to do.

especially like with the other stocks in a in the same sector like to do. the slow stocks like to catch up. Sometimes there is some laggers but usually a lot of the stocks in that sector will try to catch up to the one that had the biggest move. So today is going to be a very interesting day for the Chinese stocks.

especially after this beat right here. Now with this stock specifically Pdb, how high can it go? My personal opinion is that people will want to take their money off the table, right? The contracts are going to be up by I would say 300, maybe 200 at most. All right because they were kind of inflated yesterday. the at the money contracts for four dollars and given the fact that we jump ten dollars, the contracts will triple in value, right? So if you add the money is 12.

right now the contracts are 91 dollars. Um right. So 91 minus 80? That's 11 11 times 100 is 1100 for a contracts, right? So those contracts tripled people might want to take their money off the table Maybe Not immediately. but after like we see a little jump to 94 right? and also a lot of that money.

kind of like sneak into the other stocks in the sector. That's what I think they would take their money off the table. So today Chinese stocks So Baba and JD once again, all right. So now the next one that we're going to look at, we're going to do a um an update on AMC because it's been a really really long time and the stock has been getting demolished.

This one have been taken a beating. I'm not gonna lie like uh, they did a reverse. They did a stock split or a reverse stock splitter. They I think it's this is called the reverse stock split.

Yeah because the price went higher instead of lower. Yeah, this is a reverse. A reverse stocks play. When The side get really really really cheap.

All right. So they decreased the number of shares to increase the price. Yeah, that's what they did. The value of the company is still the same.

Obviously it's been dropping. Like the value of the company still drop it right? So this is not. It's not in a good place right now. it look it's looking like I'll be like these all-day feeders but it's happening throughout multiple days.

When is it going to stop? I'm not really sure. There is a line of okay, that line is from the pre from from before the TV stock split. It's still trying to make it below ten dollars. Is it gonna get below ten dollars? I think so.

I Really really think so. it's not looking too good. Long-term investors like stay away from this again. I'm only I'm only talking about the stock because somebody mentioned asked a question about it.

Don't don't touch it, don't touch it yet. Eventually it's going to kind of like Flatline again right like this. It's gonna take a while before we see some type of volatility. So I'm not touching the stock at all.

That is my very honest thoughts on this on this one and every other stock and that is the end of the video Again, Do Not forget to demolish the like button. Don't Forget To subscribe to have access to these videos again I Release these videos 15 to 20 minutes before the Market opens to have access to them. Clicked on the join button next to the Subscribe button and select morning videos if you like to be part of a private Discord Community where you can see all of the trades that I take in real time as I see them. The reason why I Check the trace, the structures, and the details of the contracts.

You can find that as the first link in the description of the video below. If you have to follow me on social media, you can find me at Paul and Guma in the parallelics lab on Instagram and on Twitter And if you'd like to get some free stocks with Weeble, you can use the third link in the description of the video One skill is gentlemen, my name is Paul and Wilma better analogy lab where we trade patterns and patterns only and I'll see all of you in the next video. Foreign, foreign, foreign.