The latest jobs numbers data just dropped. Good news — unemployment dropped!
Plus, bitcoin (BTC) is back above $50,000.
The stock market LOVES news like this.
Remember, the market is forward-thinking. So if news events help improve optimism, stocks can jump.
Here’s what I’m watching today…
A follower asked about Bit Digital Inc. (NASDAQ: BTBT) over $13.50. Every time BTC runs, crypto sympathy plays tend to follow. I like it — as if the premarket, I’d call it a standard dip and rip as long as BTC remains strong.
Cool tech, hot sector, recent IPO. I personally use it every day! Asana Inc. (NYSE: ASAN) is a great company, and it broke out post-earnings. I discuss my standard approaches for potential swing trade entries on stocks like ASAN…
A follower asked about electric vehicle (EV) play ChargePoint Holdings Inc. (NYSE: CHPT). Based on the chart, I think it could be a higher-priced dip and rip. As of the premarket, I’m on the lookout for a weak open…
How about former runner Plus Therapeutics Inc. (NASDAQ: PSTV)? It’s got good volume, I like the float, and it has cancer-related news, which tends to move stocks. The problem? The chart is a real chopfest.
I talk in detail about the trouble with taking a Leeroy Jenkins-style approach to stocks like this. If you buy into the dip right at the open with a stock like this, you’re Leeroy…
Recent runner Vinco Ventures Inc. (NASDAQ: BBIG) tried to perk into the close yesterday but failed. Then again, tomorrow is Friday — so crazy things could happen.
I talk about why I hope Thursday is a slower day for this stock…
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So all right, good morning, everyone welcome back um as always plenty to go over drop your questions and or tickers into the associated chats, and i will answer as many questions as i can um number one right off the bat items of interest. We've got the uh. You know jobs number actually just dropped, so you know again. I don't do it every day, but i can't rave enough about breaking news.

Love it love it love. It check out breaking news chat, two guys with over 20 years, experience scanning all the headlines. That truly matter and dropping the news in our you know, breaking news chat, uh, okay, so decent jobs, number job, okay, so unemployment numbers down tends to be a good thing. Um! That's what happens when you know the when they stop wow.

I don't talk politics here anyway, um nice to see and then also items of interest. We got bitcoin back above 50, 000. um yeah. So let's get to work.

Brian asks about btbt over 1350, so remember: btbt, always moves with bitcoin and yeah, basically standard dip and rip as long as uh bitcoin stays strong, so bt bt over 1350, assuming btc stays strong or holds uh one of these days. I'll get off back. In my normal setup harley kid, what do you think about sana yeah? I mean asana. If you guys um, you know again.

Here we go again um. You know i talk about these swing, trade, setups um. If you, you could probably i'm guessing what happens if you, google stocks to trade asana, i'm guessing you'll, probably get an article where i talk about this. Well, maybe not yeah trending ipos from yeah yeah, okay.

So it's probably where i talked about my love of asana yeah anyway. Um. The point is remote work, uh cloud computing, cool technology. I love asap.

We actually use asana every single day at stocks to trade um and this thing's just getting ready to or i'm sorry, post earnings broke out. Standard approach would be look for this to hug v app and then perks in the afternoon hours - and you know i mean the nice thing about asana i mean it's. This is really what we look for in swing. Trades doesn't mean it's guaranteed, nothing's guaranteed.

But again you got a cool technology. Recent ipo and you know this - is you know again a topic. I talk about a lot, i mean, remember everyone's green. You know this ipo last fall um and again everybody.

I mean no matter where you bought a sauna. You're green you're green, so that brings in you know that brings in euphoria that brings in excitement and big breakout. So exactly what you look for for a swing trade on a ipo, cool and again cool technology, um great product, you know just so much to like massaro asks about chpt chpt, hpt um, oh okay, another ev charger play dip and rip high price dip and rip. So look for weak opens pushes over 25.

t-y-l-s earnings, uh t chalu, i don't see a t or maybe you're thinking or maybe tlsa um weak chart. So but i got t y l s chalu, i'm not sure what ticker you mean. Stockstronaut says pstv. So pstv former runner, 12 million float 8 million shares lead investigational.
What's what's this pr, let me take a look here: cancer, news, former runner. So let's, let's break this down former runner low float good volume, cancer news, chop fest of a chart, but remember the sketchier. They are the more we like them for a a dip and rip. So i would say you know you guys probably know.

What's coming, we got a cancer play, we got good volume, so this is that you know i'd, probably kind of tend to look for that. Whole dollar, half dollar area as resistance and then also a level the key off of super sketch biotech. But it's low float good volume good chance. This gets a chat pump.

So we're going to hope for that week open to do what suck in shorts and then that break of the high a day, ideally around a whole dollar, a half dollar. Now again, it's still early. You know we got in oh it's over an hour until 9 45, so that hot you know, i always tell you currently, the hot is undefined, but would love to see this? You know bump up a lot of resistance at 250 and then break that midday late day, so where's my notes, uh whiteboard, sketch uh biotech, which again standard approach to a sketchy dip and rip, and also you know this is the part that everybody ignores. Okay.

I always like it because, like tomorrow, somebody will be like this is the great thing tomorrow somebody be like. Well tim, i bought the dip on pstv and i got wrecked what happened? I'm like what happened, you're an idiot and you bought a dip at the open on a super sketch bio tag. That's not the plan. You know it's like it's like leroy jenkins.

Yes, you guys remember leroy jenkins. Can i play leroy jenkins without getting a copyright? I mean this is old school, okay, man, it's long, leroy jenkins is two minutes long. I guess i don't have time anyway, you people that don't follow the plan, you're, all leroy, jenkins and again i'll - keep it short. But if you remember it's like world of warcraft, the everybody watch the clip it's incredible so anyway, everybody they're like get this planned together.

They're gon na go in and they're gon na storm on this little video game and then leroy jenkins just comes in and it's like lee roy chickens and then they all get killed. So, if you're buying the dip at the open on sketchy, uh, uh, biotechs, you're, leroy jenkins you're, the guy that screws it all up for the rest of us so anyway, be that's. Your homework for the day be sure to watch the leroy jenkins clip it. It is one of the it's old, but it's one of the great moments in internet.

What do you history about bbig uh bbig, tried into the close last night and couldn't go anywhere um. This is what i hope on bbig, so this continues to hold up punished. Shorts yesterday morning tried to perk into the close and failed, and this may sound weird to a lot of you guys but remember tomorrow's friday. If anything, what i hope on something like bbig is that it just chops around and kind of, does nothing or even kind of stays red on the day like if it just kind of trickles around here, because what that's going to do is all the shorts that Are twisted up they're going to start adding all through the day, because it's doing nothing it's chopping, then i would love to see that squeeze on tomorrow.
So so that's my hope. Ultimately, i know hope isn't a strategy, but my hope is this chops around collects shorts for the friday smoke, show okay, guys good stuff this morning, nice to see bitcoin back plenty of runners um. We i mean listen! Thank you, nicole, and thank you to all everyone. I mean i got number one.

I love everyone. I love doing this and i love. We continue to grow um there's about 500 questions i didn't get to, but i'm here every day you know i mean that's the biggest thing i can tell you um. If i didn't get to your question, if i didn't get to your ticker, i'm a busy guy, i got a lot going on, but i'm still here for you, you know again, i don't know you know.

I know i go on this rant a lot, but i don't know anybody else. That's here every day for free, i do the best. I can so all right have a great day check out the steady trade team, and we will uh we'll see you next time and make sure your number as soon as i hit stop okay right, here's the streaming button as soon as i click stop on that Button you go to youtube and you watch the leroy jenkins quote: clip okay, ready! Well i'll play the music, but when i, when you see me, click that button, your homeworks leroy jenkins, you.

By Stock Chat

where the coffee is hot and so is the chat

11 thoughts on “Pre market prep- stock market 9/2/21”
  1. Avataaar/Circle Created with python_avatars Jeff Dewhurst says:

    "Leroy Jenkins" might be the greatest analogy you've come up with

  2. Avataaar/Circle Created with python_avatars Faulk Smash says:

    Leeroy Jenkins brought me back lmao

  3. Avataaar/Circle Created with python_avatars Anthony Addair says:

    🤣😂🤣Not a gamer but you just made my day!

  4. Avataaar/Circle Created with python_avatars Brandon Staton says:

    Leroy Jenkins! Thanks for you time and support Tim, have a fantastic day!

  5. Avataaar/Circle Created with python_avatars Maximus Muchimus says:

    "Your homework's 'Leroy Jenkins'." 🤣🤣🤣👏

  6. Avataaar/Circle Created with python_avatars Amy Hardisty says:

    Thank you!

  7. Avataaar/Circle Created with python_avatars j dough says:

    leeroy jenkins made my day

  8. Avataaar/Circle Created with python_avatars nordan00 says:

    Hope is as great an enemy of courage as fear is!

  9. Avataaar/Circle Created with python_avatars $tock $niper says:

    Bad, bad Leroy Jenkins 😅

  10. Avataaar/Circle Created with python_avatars MickT Day Trading says:

    Thank you Tim

  11. Avataaar/Circle Created with python_avatars Infamous Blu says:

    appreciate you

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