Hey everyone, lee training with stocks of trade tim bowen here today, we're going to be talking about how to run a scan to find those big movers when particularly the nasdaq is down all right, let's get right into it. So that being said, what we're looking at is you know: it's been a shaky market as the day i'm recording um a lot going on in ukraine, a lot going on in russia market's been especially tech stocks. You know if you follow the technology stocks and i'm looking at the qqq, which represents the nasdaq index uh. You know the you know: hey big fan of kathy wood, but you know kathy wood, very heavily, invest in the tech stocks and they've been taking a pounding.

This year i mean flat out um, i mean this is a basically a year-to-date chart on the nasdaq and you see the trends definitely lower got. You know we're trying to base back here. But if you look, if you draw a trend line, you know you're going upper left to lower right, not a good trend. Uh markets.

Qqq is red right now, so a lot of people are like well, nasdaq's are dead. What do we do? What do we trade? How do we make money? The beauty of the scan, i'm about to show you and the beauty of this setup is - and this is something you'll hear me say - on stocks of trade advisory. A lot just definitely check that link out below and um. What we look for is especially low, floats low float stocks with news and crazy float rotation, because what that creates is a rational disconnects from the overall market and i'm going to talk about muln, which was kind of the biggest runner yesterday here in a second.

But great example of what we look for again: nasdaq was down yesterday. Muln spiked, i think, almost as high as 200 percent at one point, mainly because of the float rotation. So, let's jump right over to mulm from yesterday and then i'm running a scan, that's running today that you can run at any time to find these type of stocks. So again, m-u-l-n yeah right about uh, actually yep one as high as 214 from a load of 67 cents, so basically 67 cents to 190, i'm too dumb.

What is that 140 from the close on friday to the high on monday of 195.? Now, one of the biggest reasons that went so high is this: stock. Is 20 million float? Okay, you can see that down here in the lower left, 20.76 million float and then yesterday it traded 600, and you can see that right up there in the top of my chart, 631 million shares. I mean that is ridiculous, float, rotation and then that's what creates that three wave pattern we look at so i've got other videos, definitely check out the archive or talk about these three wave moves. When you have this kind of float rotation now you don't necessarily see this when you got 2x, 3x 4x float rotation, but we had 30x float rotation, i'm too dumb to do the math in my head, but yeah 30 times 20 600 million roughly okay.

So you get that big move in the morning. You get that big move in midday and then you get that continuation move into the afternoon, which you guys know. I mean a 1 36 p.m break. That's that afternoon, v wap hold that abcd pattern.

I tell you to look for again take advantage of the archive for i'm throwing out a lot of jargon, but a lot of what i'm trying to do here is build on a lot of the past. Lessons so fault rotation creates ridiculous moves, creates the three-way pattern, and this is your post-it note for the webinar - and maybe you've heard me say this before, but unusual volume creates unusual price action and that's what we had on muln yesterday. Now you add in they had a press release, always extra seasoning on the recipe and then tesla was up huge. Yesterday tesla moved 10 percent, which i know you might be like 10, but remember tesla, one of the biggest companies in the world trillion dollar market cap 10 moves a big move um, and this is also an ev related play mullen automotive.

So a lot of boxes checked on mulln. So that's what we're looking for and again the nasdaq was red. Yesterday, here's a nasdaq stock that spiked, you know almost 200 percent actually continued in this morning on a day, two move in pre-market went up to 215.. So, let's look at that scan and let's break it down, so what we're looking for is another mul-n.

Okay, that's what we want to find so we're looking for stocks that are less than ten dollars. Let me let me explain each code block as we work through it. Why do we look for stocks less than ten dollars? Listen if you've got a small account. It's probably you i mean you know is as as much as i love tesla.

It's a thousand dollar stock if you've got a two thousand dollar account and you buy two shares. Okay, you've now used all of your buying power and you hope that the stock moves ten percent, but you know you're never going to make a difference in your account. Doing that now you can trade fractional shares. That is something that's kind of new the last year or so, but most small accounts most day traders rotate to the low price stocks because they make the big moves because you can buy 500 shares.

You can buy 2. 000 shares, even if you're under the pdt, so that's where we get that 600 million shares. So we always want to look at less than 10 because they have the biggest potential to move, doesn't mean 15 stocks. Can't double doesn't mean 20 stocks.

Can't double doesn't mean 200 stocks can double okay, ispo recent ipo, it's doubled like three times in three days. Fifty dollar stock, okay, but our likelihood is less than ten. Next is we're looking for those big gainers the day, which is any stock, that's up more than ten percent um. Actually, these days and age that could probably be higher, but i like to start with that.

It's a good rule of thumb, good place to begin. When we're running a scan, then we want to see 10 million shares traded on the day. It's roughly 10. 30 a.m.

10. 45 a.m right now um, but that number applies at the market. Open. Funny thing is, you: might you might have watched old videos of mine from 2016 2017 on the channel and that number was a million.

You know for basically the first decade of my career, that was that was a million now hey. I love it. The post 2020 world with so many new traders, our, but our bottom, is now 10 million, and that's awesome. I mean i mean to me more liquidity is better, more traders is better.

We love it and then float looking for less than 10 or 11 million, because we want to find that float rotation, so we're trying to line up volume to float and find that recipe for those explosive movers. So now we're going to run this stock and let's see what we get beautiful three stocks. Okay, that's what i want to see because remember the whole point of running a scan. It doesn't do you any good if you get 100 matches or 200 matches or 50 matches, you want to be able to line something up.

That gives you a reasonable number of matches that you can actually trade that you can actually research that you can actually chart. Okay, so i can, in a reasonable amount of time, go through my process on three stocks. If you're wondering what that process is check out the steady trade team, that's the mentorship program, where i do two webinars every single trading day. Um we get way more into the process, but that being said, i'm going to sort by volume i'm going to look and atxi.

Here we go 100 million shares at the middle of the day. So, let's break this down, we got 10 million, float beautiful. What we love to see, we've got a day, one uh press release and let me take a look: it is actually um, so yeah, positive, fda news and it's kind of a hot sector, so they're in a opioid treatment sector. If you've been around like, i have you know that the the opioid treatments have been a, they were a very hot sector before covid kind of took over every biotech.

You know, that's, that's. We talk about the penny stock game um last couple years. Basically, every sketchy bio attack is like hey we're going to cure kovid, so we haven't seen this opioid run, but again, as of today, it's march 1st 2022 uh. We're really kind of you know i hate to say the end of covid.

You know i'm no doctor. I'm no virologist, but we are literally today we're seeing a lot of drops of vaccine mandates. A lot of drops of of masking mandates, we're seeing case numbers radically drop, we're seeing deaths drop so again, listen! I'm! I am not i'm not one of those guys on twitter that thinks i'm an expert in in covid, okay, but today, march 1st things look good, so you're going to see a lot of those penny stocks that you know they're not going to have that juice anymore. So traders are going to rotate to sectors that have been hot in the past.

Atxi is that so i got 10x float rotation middle of the day. My green line is v. Web stock is currently consolidating around view app and then technically i like this, because a break of that 115 level would be a break of last night's highs. Okay, so everybody piled in when the press release hit, they got bagged in the pullback.

Then we had that mid-morning pullback afternoon view app holds we love. So if this can break that 115 level, as we head into the afternoon again, it's roughly 10 45 right now solid set up with risk down on v web. So hopefully that helped i mean, go back through that scan. Actually i put it back on screen, so you can see it um and here's the thing i've got.

I've got volume, i've got sector, i've got news, i've got percent gain, i've got all. I've got a chart pattern breaking of last night's highs as well as this morning, hugging view app looking for that break in the mid at that abcd or that v lap hold. We talk about and uh in the nasdaq's red you know, and, and that and nice thing is, this scan gave me three stocks. Okay, so now i can look at three stocks.

I can do the process. I can check every single box on atxi and if it breaks the high of the day, it's a trade now remember it's a sketchy biotech so remember the risk level risk level would be 115. or i'm sorry. 95 entries 115 risk levels.

V. 95.. So drop me a comment. My friends did atxi work on march, 1st 2022.

I want to know, did you trade it? Let me know, i mean obviously this these videos typically come out about a week later after we do some editing and stuff. So my hope is it goes and my hope is you comment that you've nailed it on your own, but i think that this scan will definitely help and don't listen to the mainstream financial media when they say. Oh, there's no trades because kathy wood's getting destroyed. There's no trades because the nasdaq's at the lows of the year doesn't matter if you can nail an m-uln yesterday or if atxi goes today, it doesn't matter one bit.

So alright, everyone have an amazing day and we'll see on the next video.