Welcome back to the channel. All right so tomorrow morning. Once again it's gonna gonna be another leading indicator for consumer inflation being announced. The united states core producer index it will be announced tomorrow morning at exactly 8 30 am.

Eastern central time now in today's video. We're going to talk about the price action. What i expect for tomorrow. So that y'all can be prepared all right.

I'm also going to be sharing with you all some stocks that you should be keeping in your watch list now before we begin do not forget to annihilate your like button on your way in and also don't forget to click on that subscribe button. If you are new to the channel right. So let's get right into it right off the bat um for those of y'all. Who watched yesterday's video.

I told y'all. I mean throughout the past two days. I have been telling you all that i have been bearish on the market and that i was expecting the nasdaq to get all the way down to 11 thousand and five hundred and they got there exactly like right to the dollar all right and then right when i got there short sellers covered just like i told y'all. In that video.

Now tomorrow morning. I think i think that this right. Here is going to be the reaction all right now for those of you who are not familiar with the producer. Brace index well here it is all right now.

This is the it measures the change in the selling price of goods and services produced. Sold by producers. Excluding food and energy. All right so with this right here um.

This is the forecast that they put out and when the percentage number is lower than the forecast. It's usually not a good sign so the expectation at least of what the bulls are expecting. And this is something a little bit higher right that way we can see like a like a positive reaction to gap up and then some more buy in continuing into tomorrow i think i think that tomorrow's numbers is probably going to be. 06 which would be better than that little one maybe even 07.

All right and um that's that's what i'm assuming for tomorrow. I think we're going to see that um today the. P the cpi was 91. Um i was a little.

Off i told you that it could be 89. Um. But either way that reaction cost this i don't think. The market makers are gonna be ruthless and announce two terrible um news back to back.

I think their reaction will be positive all right and also looking at the nasdaq again. We're looking at the price section. And the reaction to all of this data right so looking at the nasdaq overall. It's very hard for me to be fully bearish unless we get out of that zone right.

So that we have this zone right. There let me zoom out a bit that way i can see the whole thing. Yeah. This entire zone.

And i think that we're just going to keep cooking in there for a while and then the next big move is going to show up down the line. But for tomorrow as y'all. See the thumbnail. I think that we're going to be i think.

It's going to be bullish. I think i think it's going to be bullish. We'll see all right we'll we'll see we'll see so that's that's the expectation. That i wanted to share with y'all.

For tomorrow. Now um. Let's talk about let's talk about a sector. All right now for today actually no for tomorrow.

A stock is about to announce or a company. The company is about to announce earnings which will affect an entire sector. The semiconductor sector all right so that that stock is tsm we have to look at tsm they have earnings tomorrow morning all right now a few things a few things can happen here i don't think that the earnings numbers are going to be super. Terrible.

I really don't think so number one it's been beaten down for quite some time right since 145 dollars. All the way down to wrong drawing 145 dollars. All the way down to 73 dollars right and right now. It's kind of it's kind of setting up for a gap up um.

It's kind of setting up for a gap up and somebody could also mention that um they could be bearish and for good reasons like if you zoom out really really like and you look way back. Here. There's some gaps down here like 69. Yeah.

There's a gap at 69. It's a bit worrisome. It is but looking at the entire market sentiments and just looking at their track history. As well.

I don't think the market makers are going to be so ruthless and cause a massive gap down to um 265. Dollars. Just uh just to fill that gap tomorrow that may happen later down the line. But i just don't think it's tomorrow all right so we're gonna look at let's look at uh tsm.

So this right here is the the website by the nasdaq right it pretty much has all of the expectations for tomorrow's earnings. And this is how tsm has been doing um. The turquoise color is the reported numbers and the blue one is the estimated numbers right so they're expecting an eps of 147. Keep in mind that this is a 50 increase year over year for that specific quarter.

All right so that's what they're expecting and so far. I mean they've been doing well on the last previous earnings. They've been beating the the forecasts for four consecutive earnings in a row. Right this right here is the positive surprise as you can see so i wouldn't be surprised if they just continue that trend and they're probably gonna report somewhere along the line of like maybe.

15 maybe 151. As their eps right and then sales. It really it really depends like i'm we're not gonna we're gonna find out what they are in the morning all right. But the most important thing that we look for is the reaction and i don't think that all of these semiconductors are going to get hit and i don't think tsm specifically is going to get dragged down all the way to like 66.

I don't think so so watch watch the the semiconductors for tomorrow. Things are going to be very very interesting obviously if they have stellar earnings. There's a gap up not only that yet just keep into consideration. This sector right along with the ppi numbers right so more positive reinforcement and that would kind of shape.

The chart for the nasdaq for a wonderful play in like the next few days down the line right because i don't think it's i don't think. It's ready to dump yet. I don't think the whole market is ready to collapse like anytime soon like we have to wait we have to be very very patient right so um now in regards to amd uh. Let's look.

Let's do a little update on amd. I told y'all to watch it for a drop right. I told y'all to watch. It for that specific drop and for that trend to continue again this rapid drop in the beginning rapid drop in the beginning.

And then obviously cpi data. Number rapid drop. Again all the way down to 74. And the rally right so it's been a constant trend tomorrow.

I think they're going to change course. And i think it's gonna go more sideways and a little bit more upwards as well i think we might see 81 dollars. Like a retest of a retest of that level right here once again all right that's that's what i think will happen tomorrow and i also think that the nvidia structure might change a lot i think it's going to keep going sideways and going sideways as well all right. It's going to form something different.

And this piece right here will be no more like i i wouldn't be relying on this for like for the foreseeable future. I'll be looking for something else something else that will make it easier for me to know exactly which way we are going and how far we will go. But i expect more consolid more like sideways movement more like this all right maybe a retest of 160 and then later it could be another drop all right so that's my honest thoughts on all of these semiconductors not a recap or a. I was saying updates on amc for those of y'all.

Who dropped your thoughts and opinions. I told y'all. That uh that line of resistance might hold that 16 level. And so far it's doing that i was very skeptical about a big move up to 18 because because of the cpi data.

But right now again i still think that we're going to chop sideways right here. It's not going to go anywhere. It's just going to chill right over here and go nowhere all right and then maybe after after next week. Then things may get a little bit easier for me to know exactly where we're going so that's that's my honest thoughts on all of the stocks my expectations for tomorrow for the ppi data.

And that is the end of the video again do not forget to annihilate the like button for the use of algorithm as always it helps the channel. A lot and a lot 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.

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