 Welcome traders to another TickMail earnings season preview with me, Patrick Munley, before we jump into today's report. As always, I want to adhere to that risk disclaimer. Most pertinent to today's presentation is the fact that views and opinions expressed by me are solely mine. They're not addictive or representative of those held by TickMail UK or TickMail Europe Limited. Okay, let's jump into today's report and we are checking in with Google parent Alphabet who are set to report earnings after the close of trade in New York today. We're looking for an earnings per share estimate of 1.176 on revenue of 76.179 billion. The issue for Alphabet is really around YouTube, it's likely to be a weak spot again when they report earnings this evening. YouTube's slowing ad revenue growth is one issue for Google, while the subscription side of its business remains opaque to investors. When Alphabet reported Google earnings for the September quarter, YouTube ad revenue shrank for the first time. YouTube ad revenues slipped 2% to 7.07 billion, missing estimates of 7.5 billion. Google began reporting some YouTube financial metrics separately in the fourth quarter of 2019. For this December quarter, analysts estimate that YouTube revenues of 8.2 billion. That's down nearly 5%. YouTube revenue boomed during the coronavirus pandemic, so the company faces tough year-over-year comparisons according to some Google stock analysts. But other factors also are at work. YouTube is being squeezed on one side by restrictions on consumer data in the wake of Apple's privacy changes. And on the other side by increased competition from streaming and short video platforms. Concerns on cash flow have grown following YouTube's recent announced $2.7 billion deal with the NFL for the Sunday ticket, which will start in 2023. Let's take a look at some of the statistical trading patterns we can expect to see around Alphabet earnings. Google shares have moved higher in the immediate aftermath of earnings, 8 out of 12 previous reports. On average, the stocks moved at 2.3% in the first day of announcing earnings. Based on the previous 12 earnings releases, Google is more likely to trade lower one day after announcing earnings for an average loss of 0%, so basically flat on the day. On average, so the stock has moved higher 1% one week after earnings. So where we are from the analyst community, 51 analysts surveyed in the last three months, they have issued a net strong buy on the stock. We have an upside target of 150 max with an average of 123.22. And on the low side there, $93 is the lowest expectation over the next 12 months. From a flow and sentiment perspective, options traders are pricing in a 5.7% move on earnings and the stock's average a 5.4% move in recent quarters. The market has overestimated Google stock earnings movement 50% of the time of the last 12 quarters of data has been notable buying 1091 contracts of the $100 call expiring Friday. In general, though, options order flow sentiment has been bearish investor sentiment going into the company's earnings release has only 36% expecting an earnings beat. Let's go to the Google chart and see if we can identify any near term trading opportunities. So from a technical perspective versus that $84 swing low we have a 103 corrective upside bit of range resistance coming in there 104 46. Obviously we have that $100 call which is in the money now as of as of close yesterday. So if the earnings come in line with estimates or we get any upside surprise, I'd be looking to be long through that 104 70 targeting the yearly pivots which comes in 107 58 we also have the descending weekly trend channel resistance coming in there 107 40. I'm not expecting any profits by that stage. At this stage, any, any downside downside outlook or down be outlook from Google, I'd be looking for pullbacks into the gap here at the $93 level, what's your bullish reversal patterns there again to engage on the long side, looking to our target zone of that yearly pivot 107 60s. Obviously, if we can break out of this weekly descending trend channel, then we will be looking at that 122 upside objective from the analyst community as the as the target for the move to the next stage, it would really take a close back through the $90 level as a meaningful bearish development, opening a move to retest $84 on the downside. As always traders plan the trade trade the plan, and most importantly, manage your risk until next time.