 this is by the dip the purple line here we test that purple line and bounce from here so I think the potential to see a bounce a little bit of these a sympathy bounce tomorrow I don't know if I came back or not hopefully I did hopefully it didn't connect it's over but let's see let's see what the market outlook is like today Apple up 2.5% very strong today Pfizer had a little bit of green today Lidrna gave up all the games that I had yesterday so RB Nicko the stream working earnings to get today sales force pretty crazy market though hope everybody is okay yeah I think a lot of people just heard today the market is kind of over the place we have the gap down a lot oh my gosh gap down so this is 0% here so a lot of things were down today there was only a few things that was up and that was Pfizer Apple lamb research those are like pretty much a few companies that was up like Tesla and Nike barely green for the day oh man it's kind of scary it's looking like we're setting up honestly it's setting up I mean this could be a potential bounce here too because it's at the purple line and we typically we typically bounce at the purple line we bounce there a lot of times so this could be a dead cat bounce tomorrow but honestly only time will tell we'll find out let's check out some of the earnings to see how the earnings did after hours today it was a rough day man rough day I mean I didn't get it because I kind of I kind of just chill out of the market for like this week just waiting to buy the dip up a very little bit of a smart move CRM so let's see let's check out some of the earnings stuff today Intel CEO Express conviction over accomplishing five-year goal whoa very sexy need Intel to drop a little bit more come back come back to like 43 dollar levels for us to buy the dip but you know there they see that they the revenue can potentially grow recover they're very bullish they said they aim to increase the value of the company dramatically so they say a lot of good things man for long-term investors of Intel net app also reported earnings today let's see what's up earnings for sure is dollar 28 that's was a dollar 21 sales is a dollar 57 as was the dollar 55 21% increase compared to the same period last year and 10% increase in sales compared to last year stock was trading around $60 last year right now so it's almost 50 plus huge move there so price has has achieved over 50% increase where sales and EPS hasn't seen that yet so might might see this gain give up itself a little bit would not be surprised guidance is pretty wild there 1.21 to 1.31 as most 1.28 sales is pretty wild to 1.2 1.52 to 1.67 as 1.59 so a lot of uncertainty there and then the full year 22 sales they're looking at they're they're not looking to touch touch the estimate so I'm not sure why is running it should be going down at this point honestly it probably the market will probably correct itself and make this this stock go down global foundries also reported earnings today earnings per share 7 cents as opposed to negative 58 cents year-over-year so they're actually profitable margins this year sales is 1.7 million as opposed to 1.09 no sales is up very strong 55% increase compared to the same period last year the stock just IPO from $45 so you know no real expectation compared to last year honestly CRM let's go die so CRM you know we're kind of kind of looking for CRM demo you guys played a lot of you saw that we were looking for CRM to go to one piece is it 180s oh gosh that's a far move right now that I realized it I must have missed click here oh no that's crowd strike I miss click it's 255 I'm like thinking to myself no way it's gonna go to 180s must be smoking but 255 that's our that's our range is starting to hit that direction I think we might actually get paid because we have four of those those plays the end tap beat was not great it's a pretty iffy beat so I was looking for 255 260s if CRM can get to that range yo we are gonna get paid I don't have a 240 I'm not sure who put the 240 by 140 so we got these they were extremely cheap wait why would anybody buy the 240 though 240 is a kind of expensive for being that far out the money but anyways let's look at CRM's earnings they actually beat too so I actually had a good earnings earnings pressures $1.27 as opposed to 92 cents sales is 6.86 as opposed to 6.80 they said that actually this is a weaker quarter compared to the same period last year at 27% decrease compared to last year's and sales is actually 26.59 so they had weaker margin this quarter but sales had actually increased that's kind of weird and then for the next quarter they think they're gonna hold up and they're gonna make about 7.2 billion as of the 6.8 so next quarter supposed to be a good quarter for them you see how they look year over year last year they were trading around the same price around I mean at the same price they were trading around 220s 220s so it's a little bit less they're not performing that great so I can see why it's coming down even though next quarter guidance is up they did run up a lot so I could see them moving up further and further but they're coming back down a little bit to present some buying opportunities oh god this is really moving to 255 we might actually get paid really well excited haven't had a nice earnings win on CRM for a while man CRM says they also raised their full year revenue guidance to 26.39 to 26.40 as opposed to 26.33 I guess they might also just put 26.39 at this point why they're about to put in the 40 and you guys get in you guys look in your wound it's a tough day I mean we did talked about the potential for market pullback a little bit on Monday you know I tried to try to put a little bit guidance out there not to buy the dip because it wasn't nasty fake out though because when you look at this chart you know we had that big drop and then had that bounce and a lot of people got bullish on that bounce but that's what you call a bull trap you know trap people coming back into that bounce thinking it was gonna recover really easy but you know usually when you see big amount of selling like this over here and it bounces that's just like the big guys unloading they're just like getting the opportunity to get people to hold the bag for them you know and then they're gonna unload some more because the volume that they put in to get you to buy they just put it back right here you know as people are buying up they start dropping a little bit so come come down ideally we'd love to see it comes in as 252 areas for the nice by the tip opportunity that's a pretty pretty interesting area coming up 452s where it's very very close that could be a good area to load up even right now it could be an interesting area on the daily as well so between these these two ranges you can see another that cap bounce somewhere from here I think we potentially if they get bouncing for 60 if we go to like 452s assuming that it's gonna follow this trend this trend this trend and you know all these other trends that have happened here assuming it's gonna follow all these other moves this would be your bounce right here at the point of control of 252 but that's why sometimes I just like to sit back and wait for the opportunities I really hopes here and doesn't cover man and we're still gonna hit a hundred percent even if it stays around 260 tomorrow even 270s damn this play is about to go from 200 to a thousand dollars if it stays in this range my Friday so ZS also reported today let's see how they did you heard that so ZS Q1 EPS is 14 cents sales is 230 mil as opposed to 208 this is unchanged from last year and however the sales had a 61% increase compared to last year look at last year's price company was training around 157 right now they would double of 157 that would have been like 340 right now the 360 so it's moved a lot the stock price has appreciated a lot compared to last year's price and sales and EPS hasn't really caught up to that level yet kind of be a little careful here just pull back to once market like prices Netflix I got you we'll check in a little bit was Netflix up today I feel like a shit box that calm also reported today earnings per share is 22 cents as opposed to 21 sales is 224 mil as opposed to 280 mil it says this is a 10% increase compared to last year and 14% increase in sale you know a lot of earnings it just go with kind of weird I think it's just a lot of feel like a lot of this is simply simply they just want to like move back up to last year company was trading between 18 17 to 19 dollars in that range company had about 15% increase about 1955 right now training on 24th it's a little bit higher than it was last year expecting the better Q4 in EPS and sales though guidance is good four-year guidance is up to and four-year guidance on the sales side is bullish as well so that's that's good for that company you with hackers I feel like everybody was expecting you would pack it to beat because they are hardware side but looks like the software side is given up a little bit let's see how they report you a packers earnings per share is 52 cents as opposed to 48 cents sales is 7.35 billion as opposed to 7.38 that's a miss on the sale side 40% increase in EPS compared to the same year last year sales is only 2% increase previous last year last year company of training around 11 dollars would have put around 1540 sales increase when I kept it black I guess if this comes back down a little bit more it's probably buying opportunity I've seen this happen last time with the stock I'll show you pretty sure I saw last time yeah so last time they had a really good earnings the company pulled back it dropped a lot and then eventually after it finished dropped in it was a huge buying opportunity because they had a good earnings same thing here as well they had a good earnings so if you see green the over here so you like how this ticker how the E is green that usually means that they had a great earnings top and bottom and the company you know moved down dropped a lot and came to this range for support and recover maybe we'll see that again on maybe funny what's done that almost every time looking to ask by January calls it's not a bad idea the area I would probably look to add as I mentioned before I would probably wait for at least like 452 so consider adding bullet positions or adding by the dip positions second area I probably looked at around 446 dish in that range so I wouldn't necessarily want to buy the dip at this area right now now I could be wrong you guys are feeling formal you want to buy the dip feel free to but let me show you what I'm looking at and the reason why I wouldn't like be so interested to jump into buying the dip right now and and that reason is because the imbalance is really really crazy like the market on sale and balance for the day is like billion to the sell side so that's a lot of selling man we had 8.5 billion dollars to the sell side today and and you can see like a huge green candle on the daily at the close to so even with that buying of the clothes there was a lot of selling so usually when there's that much so pressure there it's gonna it's gonna take some time before it's like you know we covers right away so yesterday I think we saw like about four billion to the sell side I don't know why Paz Inga is not reporting this anymore on here we gotta refresh it Hello Tom man so beat up it can't even get beat up anymore so beat up during the last month it hasn't even dropped anymore it's just holding the 43 area but yeah they haven't really um Paz Inga hasn't really posted it for why I guess they don't want to scare the people man but I saw on thinkorswim thinkorswim posted so this is the market on close imbalance the market on close imbalance is 8.5 billion the sell side that means there was way more today so that's why I would hesitant to get into cause see what else reported today AMBA chip company semiconductor video chips and stuff but not like that or not earnings per shares 57 cents as opposed to 49 cents sales is 92 as opposed to 90 million 533% increase compared to last year's had really good margins and 64% increase in sales compared to last year number is a pretty pretty phenomenal I remember the stock you to be 40 something dollars man yeah right here last year's July 2020 was trading on 40 45 46 dollars I was like yo I am I not buying this head in all-time highs right now crazy so a year ago's company was trading around $80 right now is trading around 180 180 plus so it's already gone up $100 plus over up over the price has increased over a hundred percent on a two-year basis prices also increase over 150% so it's been a pretty strong move EPS has justified that the sales is still playing a little bit catch up there pretty interesting move there next quarter they're actually looking to see they could possibly see less sales compared to estimates so they they might hit it they might hit it a little bit lower side give or take so that's gonna be interesting I guess supply chain is gonna be an issue for them as well let's check out some of the stock that you guys make a single look at like Netflix came back down so Netflix is actually at a pretty good area right now what happened the background music is too loud it's just driving your nuts let me change it to something else my bad I have no clue how loud it is honestly sometimes like that yo just let me know feel free to let me know cuz I don't I don't hear it as well too is there any news for Netflix that pulled the stock from 674 to 642 well it doesn't necessarily always need news to get it down that far I think a lot of times it's just it's just the weather so you know every single stock it's part of the market right and they're part of the index so index is like spy QQQ if those index are bearish is naturally gonna pull every single other stock down so when we looked at the market market bubble chart almost every stock was down today right or at zero percent there was only like five five six stocks that is that is above the zero percent while everything else is just down so that just goes to show you that today was extreme red day and you know we'll visualize it in the regular map too right and you can see this in the map like across war like everything is red like nothing was safe from this this drop in the market you know so except for Apple you know Apple, Pfizer, and Tesla were the only thing that was safe from this drop but how long how long would these guys be safe that's another question right so that's that's probably why Netflix dropped you know it came to a good area this could be a potential area for by the dead move it's at my yellow line on the chart my indicators so the yellow line on the 195 minute chart right now the yellow line is typically the make-or-break area so it's usually it usually holds some substance where this could be a potential area where it could chop and bounce a little bit so if it bounced from here we could potentially see a move back to 660s so 645 to 660s is not that hard to move it was about 15 points you know it could potentially chop there otherwise the next level on Netflix could be potentially down here which would be 592s that's another like 50 point drop if you know if market doesn't see any recovery and I think I think a lot of thing is just like people didn't understand how to price the whole situation of this new COVID variant have you guys I'm sure you guys heard the news about and you guys read the news on this new variant from South Africa right that was kind of Netflix check out MRK so I posted a little bit over the weekend about it but I think a lot of people just you know just and really just didn't really like understand the severity of the things and stuff but if you think about it like this if you think about it like from the aspect that you know all these countries are starting to lock down and they're starting to close their borders again and this is just the beginning man like it hasn't even spread yet like let me see find a spread because I was looking at it earlier actually so I was looking at it earlier from this this news from the economists so since they days after the new variant was identified South in Africa countries around the world are confirming that they have found cases of it too but because the lack of genome genomic sequencing means many cases are likely to have gone undetected apparently so this is what they I guess this is this is what is looking like right now the confirmed cases as of November 29th so you know you see some cases in South Africa this Australia what is that continent over there I think that's Australia I could be wrong but I think this and then you know we have some cases in Canada I think like maybe 10 cases already and then Europe I guess this is like Italy or Spain Italy Italy Spain somewhere in that area and this is China Korea Japan but yeah this case is like starting to get confirmed has only been a few days out so and and I think that's just the beginning so if you know we're already having supply chain issues we're already having like all these other situations where the economy is struggling to recover and and you know we we thought for a second there for a second there we thought that this was the end of it right for a second there we thought like yo we were at like 75% vaccination rate for most places are 70 plus percent or 50 plus percent and and we think we're like at the home stretch at the home stretch of like beating this whole goddamn COVID situation and we think we're like at home stretch their base about to you know about to hit it and be gone with it and now they have this new variant that this is mutating like crazy has like so many spikes and stuff and and whatever and everybody is starting to shut down and from just from just from like looking at the basic aspect of things it could potentially set back it could potentially set everything back at least two months best case scenario best case scenario right we would get a sit back for two months and the reason that I would say that's the best case scenario is because you think of it like this right say we look at all the vaccine manufacturers and whatnot and and you know Moderna being supposedly like one of the top guys out there right in terms of the vaccine and they're like they're like you know yeah yeah this this variance note is a joke we can you know we can we can modify our vaccine to take care of it and whatnot and and they says that you know they said that they can take care of it within how long they said they said it wouldn't take them it wouldn't take them that long to like to manipulate their vaccines to adapt to it but they said it would take them like around 60 days or something to do that and then to like to test it and then they probably took them like another 30 days or whatever to manufacture and stuff but that's at like the best case scenario for the first world countries for like the third world countries and you know in second world countries or whatever but all these other like non first world countries that timeline is probably way different it's probably 3x you know that timeline is probably much longer than anticipated so we're looking at two months to six months of lockdown because they would have to essentially lockdown first right like the best way for them to handle this they would have to you know if they were to take this as a serious case you know I'm not talking about the fact that if you didn't you know for them I'm just talking about the pro-vaxxer side not even gonna talk about the other the other side for a second so we're just gonna imagine this as a if you know we're the stock market is a pro-vaxxers right and in order for them to like get the vaccine ready they would have to you know they would have to quarantine make sure people aren't getting infected and people aren't spreading it so that so that they can effectively adjust their their their vaccines to adapt to the new variant and then they have to do beta tests and all that stuff you know before they could even like produce it and and they said the minimum time is 60 days which means we would be locked down for another two months like we would be going back to like restriction restriction a lot wait what the hell sperm is being used to create eco-friendly alternatives to plastics huh salmon sperm the gel is then molded into different shapes and freeze dry this removes the moisture which makes it solidify and when bam thank you man you have environmentally friendly sperm plastic wow would you drink from an eco-friendly plastic cup made from salmon sperm and vegetable oil I mean I mean why not maybe maybe I'll get some omega-3 maybe I'll get some omega-3 with that why not is a cum-cum hey yo why not right why not you maybe you can consume the cup too and then you get like your daily dose of omega-3 at the same time think about that genius zero waste exactly exactly man yo why don't I make ice cream with that and I'm just um there's one shot it you know there we go but but yeah what was I talking about before this is rambling something I forgot that that that took me off oh yeah pow also talk today it's kind of funny man it's kind of funny what what what they talked about so I don't know if you guys were listening to the meanie or not but I thought it was kind of odd it it's it and it's kind of scary at the same time because they and you know they they've been using this word transitory for a long time right and I remember first time here in this war and I wasn't sure what it means I was like you know what does transitory even mean when it comes inflation man looked it up and it says oh you know they don't think inflation is gonna last they think like this current situation of high rate of inflation is transitory which means that I was gonna pass over they think it's just a it's just a fad you know like it's just one of those like diet fads that's gonna be gone in like in like a few months but obviously it hasn't disappeared they've been talking about how inflation was transitory for the last year or so and that you know like I remember last year when I was doing Twitch stream on other channel and I was like yo Popeye has already increased their their their bucket price you know and that was already like almost like a 30% increase in food price and now a year later we're seeing some places increase in food price like up to 100% and it's crazy I was just having some noodles the other day and I went to this noodle shop right and and they don't have a menu so I looked up the menu online and the previous menu was like 550 it was 550 for like a bowl of noodles or whatever and and like and the price today is nine dollars one year later like how did it go from 550 to nine dollars man that's nuts right can you imagine how how how little value your dollar got from that so they talk today and the word transitory has different meaning for different people to many carries a sense of short-lived we tend to use it to mean that it won't leave a permanent mark in the form of higher inflation how will set I think it's probably a good time to retire that word and try to explain more clearly what we mean it's funny like they literally make up the hardest words possible to explain things so people don't understand it too yo that's so true bro that's so true imagine like I you know what I wish that would have happened to me that would have been a fun experience because like one day you're going there you're getting your lunch you know and it's like 550 right the next day you come back you're like yo let me get the same thing I got yesterday and like nine dollars please sir and like what what just happened nine dollars I just pay 550 for yesterday you know that's kind of funny man that would be I I wonder if anybody did a skit on that that would be kind of funny power also said the Fed will be discussion discussing potential acceleration of his monthly asset purchase tapering the Fed we do this monthly purchase of US Treasury bonds and mortgage backed securities from 120 to 105 in November at this point the economy is very strong and inflationary pressure are higher and it's therefore appropriate in my view to consider wrapping up the taper of our asset purchase perhaps a few months sooner oh that's why the market dropped even harder today too so why is important last week Biden announced that he'll be renominating power for his second term as Fed Chair power on the Fed face an extremely challenging economic environment heading to 2022 US inflation levels has been at multi decade highs for months but the economy is still struggling with labor shortage and supply chain disruptions meanwhile whoops meanwhile the new Omicron variant of COVID-19 has once again raised concerns about the potential ongoing economic impact of the pandemics on Monday Biden said there is no need for Americans to panic about the Omicron variant and said US lockdowns are off the table for now somebody's gonna make him eat his words man I'm telling you he's gonna have to eat his words in like a month Bazinga's take Federal Reserve tapering is moving a massive monthly stimulus to the US economy so it's understandable why concerns of our more aggressive tapering would trigger weakness and stock price however assuming the Omicron variant is not significantly more deadly our vaccine resistant than the previous COVID variant powers commentary on the health of the US economy is actually good news from a fundamental perspective I agree with that actually I think that tapering is actually good I wish they have done it months ago before they let the stock market ran so far away but I can understand why they didn't want to do it because if they started to taper they started to raise interest rate then companies that are borrowing money would be spending too much money so you know and and they will have to be paying the high interest rate which means they wouldn't want to borrow money if they didn't want to borrow money if companies don't want to borrow money then they're not gonna hire employees and stuff they're just gonna try to cut costs across the board so they were trying to get you know a lot of company to not cut the cost and just hire more people so that they can recover the the job market but obviously the company most of these these corporate company know better they know that it's challenging times they you know they know that they're transitioning to like AIs and robots and stuff like that and they just don't want to hire a lot of people so no matter what the government do they're just not gonna like go out there and hire people left and right when they just like lost half their workforce and and they're still operating pretty efficiently for most companies like most companies that lost half his workforce are still operating pretty efficiently there are some that aren't but even that like they could probably operate at a great efficient rate at 75% so there's no way the economy is gonna like jumped in the job market so they better just raise the interest right now and so that you know inflation doesn't get out of hand because inflation is nuts you know people need to stop raising food prices I don't want to be paying like $15 for a noodle next like at some cheap spot man like think about like think about how much food is just gonna be a big part of your paycheck if this thing keep going like if you what's monthly grocery costs if month monthly grocery costs is like $300 and inflation jumps another like 50% you're gonna spend $600 easily wait I'm smoking it's not even $300 a month it's like $300 a week $600 a week times four weeks that's 200 $2400 just on food man Jesus too crazy that's too crazy man they need to chill lack through this inflation game that's true that's true man you're right a lot of retail investors aren't gonna be able to invest anymore hey what's up Ian that's true that's a very good point I mean and you know what did have you guys been doing black Friday shopping I was like I was having some formal yesterday thinking about the inflation stuff and and I was like and I was just looking at like a lot of like the clothing brands and stuff and and you know like black Friday summer Monday a lot of the clothing brand were still like still relatively cheap shell chakra deals and new eggs were awful I mean new egg deals has been trashed for the last two three years bro when you bend but I was just thinking right like I don't think I don't I don't think a lot of the clothing manufacturer have actually raised their price a lot yet I don't think they like really really like adjusted for the inflation because a lot of them a lot of these companies manufacture their stuff overseas right so I think like I think because of that they haven't really priced in as much yet and I think eventually they're gonna catch up just like how all the restaurants started catching up like I remember a few months ago we were talking about how like some restaurants didn't catch up to the inflation price yet so I would like try to hunt for these restaurants and and go like you know go get like go get my food there right but slowly every single restaurant started catching up to inflation they started jacking up their prices 30 to 50% you know so I think it's only a matter of time before clothing companies started jacking up their price so when I had that realization on Monday I was like oh snap I started having massive FOMO and and I went to like all the clothing brand that I liked I just started buying stuff and stocking up you know I essentially have enough sweatpants for like the next three years I stocked up on my Nike sweatpants of you know these like 40-50 dollar sweatpants is probably the best price they'll ever get in the next three years next thing you know Nike sweatpants is gonna be like a hundred dollars per pair for their basic sweatpants was it just me or was they're not that much high for Black Friday I think that's priced in I think they remember like before Black Friday we looked and we were talking about how like a lot of companies were were pricing for the fact that this Black Friday was gonna be that crazy because there was supply chain issues so a lot of company already knew they weren't gonna have a lot of products so they weren't really trying to push it out like that either I think US is probably if like if that's 70% of Canada the if like 70% of the Canadians live paycheck to paycheck we're probably at like 90% then I don't know Nike sweats of the new NFTs I believe it hopefully I mean they haven't increased their price yet but yeah hopefully they they would you know hopefully they would at some point another but that's gonna be crazy man I can see them like I can see like they're already moving to the hundred dollar sweatpants too like if you guys go to Nike's right they're really starting to like have like a hundred something dollar sweatpants like I remember the other day I bought like a like 70-80 dollar sweatpants and I was like yo this is probably the cheapest I'll get whatever I'll take it I was like as long as this lasts me like a while I'm good and I bought like a bunch of shoes too see man the the regular prices are ready $80 same thing with their the dermal is like $90 now like $60 plus is the standard price did it get cheaper than it was the other day but yeah I wouldn't be surprised to see like $80 for the next years that's how they get you man this is the end this is the end at some point inflation is gonna be so crazy that it's actually gonna be cheaper to live in the metaverse cuz you can just get like gears for much cheaper what's up we could take a look at some stocks it's 450 before right now to probably take a look at some stocks for the next 10 minutes if you guys have chart stocks that you guys want to chart out and take a look at I'm liking MRK does somebody ask earlier I have an alert set around $71 to buy the dip I think healthcare is gonna be a big reversal hey what's up man thank you thanksgiving was fulfilling I hope you had a great one as well XLH let me find that healthcare ETF while biotech ETF is actually down a lot real estate ETF XLU utilities mining ETF XLF coming to the buy-the-dip area where's the health care ETF know I have it here there we go this is the health care ETF few bull TV on the weekly chart looks pretty interesting it's at the maker break lock on the maker break line on the weekly chart on the daily chart it's looking a little bit weak it looks like it wants to break it over here I can see a break under it's not getting any money flow momentum coming in so I would not touch it yet probably wait until next support 1780s and then you got the next level at $15 might even wait for that $15 level support honestly at this point unless you get a confirmation to the upside but I don't think we have that confirmation that things are looking very bullish there's no signal usually when you get this green candle I mean not green candles green arrow to the upside that means money flow has came in and we haven't had that opportunity yet yeah it looks like it's breaking down for them further take a look what you're talking about MMEV my medicine or near shares I'm not able to pull up the data here it's not even showing up oh it's on the Canadian exchange I wouldn't know I can't pull up data for Canadian exchange I don't have the data for a man I can't pull up so I wouldn't know check us CRM let's see where CRM landed oh it tries to make a little recovery no you don't continues to die please I think that's pretty much it for today hope you guys okay but those of you that are looking to buy the dip here's that level again that level again at 452 area you're looking to buy the dip on the short-term side I would take only a nibble there and then secondary by the dip level would be 447 areas that's it for today guys I'm gonna call it a day here I'll be back here tomorrow to check out some of the other earnings from crowdstrike snowflakes ok ta splunk by below pvh velva and elastics take care and have a good night guys