What's going on everybody trader bryce here with small cap recap today for me pretty average day average green day, although the small cap market absolutely heated up this morning, thanks to v-e-r-u, we i'm sure you already knew we're going to talk about that monster runner reaching well Over 200 percent, at one point in the day, i want to say uh, not quite 300 percent, but just like i said, a monster monster, move there um and we're going to talk about kind of why that move happened and again these are ones that are really Really tough to to gauge in terms of finding a top as a along trying to sell, but you know if you're selling pieces along the way i personally avoided it this morning, i you know, i think i mentioned. I don't really trade much of the mornings anymore. Um, but i got a great scalp on it in the afternoon, which made up the majority of my day. In fact, it actually did make up my day that trade uh, even though uh i did take some other trades just chopped up on them uh.

You know a win: a loss and win a loss and win a loss, veru very easy scalp and we'll kind of go over that trade idea and why i liked it for that scalp. Ideally, i wanted the breakout right, of course, but just didn't get it um, but yeah. Let's dig into the chart. That's gon na be really the main one to talk about today so and let's also mention here on the spy right um the spy got crushed today.

Uh - and i i'm sure a lot of it has to do with all that stuff in shanghai coming out. Um, i'd have to imagine - maybe there's more than what i know but uh a lot of that right so with even all this failing action, a big dump here, at the end of the day, we still had a monster monster move. Actually, we even had really two monster runners, although ivda just looked to be like some straight liquidation. So let's, let's really go over veru, though um the main so one.

First of all, i haven't seen a dip in rep work, this one in a long time which that's promising so i'll, be keeping this dip and rip type pattern on watch for the next few gappers uh, potentially trading a little bit in the morning. One of the first ways to spot a short squeeze um is the candlesticks. Now you can also see in the tape a bit with with bitters coming back up. You know, after a failure of breaking down, but essentially so you see, with this fake high day break here in the 620s on the most volume it's traded all day.

We get that slam back down that wick down from the 620s down to six. I say slam but notice how much volume there is on a fake high day break. That is one of the most bearish things uh in a small cap and a small cap stock right, it's a fake high day break longs are chasing and they get crushed back down shorts hammer it down. Clearly, we had a lot of volume, whether that was you know, a mix of longs selling their position or shorts uh piling in with that fake high day break, you know, doesn't really matter.

Same same theory applies because when shorts get stuck and long sell and the stock remains at a higher price, shorts are then forced to cover at a higher price, longs are forced to chase back at a higher price, leading to further upward momentum. We see this again right here on this fake high day break but again just never broke down. So those wicks super important when it's set a breakout level on the intraday uh high day, break level right and then it just it. It breaks it but doesn't break down after wicking back down we're going to see this multiple more times right, where even here we get this fake high day break failure to break down um.

Where was the other one? I wanted to look at right here, fake high day, break failure to break down another squeeze. Eventually, it's going to just get exhausted, no one's buying it anymore. It's actually just shorts, getting squeezed out um and that's that's one of the best ways, in my opinion, to sh to spot a short squeeze is by looking at those wicks when the price. It makes a great case to buy the breakout again that high day break.

I generally avoid high a day breaks, but in a case like this, we're just continuously failing to break down. Of course, hindsight's 20 20 right but anywhere in here would have been a fantastic entry. This consolidation, you have a six dollar risk, maybe even a low, a day risk, and then you can keep going. Maybe you keep adding through these breakouts and eventually you're, probably hopefully selling some into these moves, but again just great great opportunity for longs here.

I personally again not trading in the morning waiting for stocks to set up throughout the afternoon. I found this double bottom after we'd set a new low right and then recovered back. I love that you know i'm not going to call this a short trap by any means, but again it was just failing to break down once again on a slightly larger time frame. We had this double bottom here uh and then we had a this trend line from over here down over here i ended up getting into the 1250s uh wrote up.

Majority positions sold in the 360s 370s got cut out. The rest here on this 12 dollar break ended up being a nice single, regardless um, just a very high conviction, trade uh. You know i had a very clear risk level after that double bottom was set. I was hoping to get a breakout out of this, but i i didn't you know unfortunately, and that's the risk you're gon na run trading in the afternoon on something that's up: 190 percent uh.

You know i mean it can only go so far. The idea was hope, hopefully, that more shorts had been stuck in here. We could get this pushed it really needed through 14, for they needed over this 330 1370 resistance levels, but it just couldn't push through and that's understandable. Again, it's up 200 percent of the day.

Uh, this kind of pattern, though, does work really well with stocks that are maybe up 80 90 of the day and still have a lot of room to run on the daily chart. So this is going to be a top top watch for tomorrow, regardless you know for a potential day too um hoping it doesn't just ruin it in the morning with some massive gap up, but wouldn't be surprised by any means. Of course, they could drop an offering or something. This is a higher float stock too, which is probably a reason.

Shorts were getting stuck um. You know it's just betting on it being a larger float. Probably wasn't we're not expecting it to be trading this much volume throughout the day and it just continuously grinded grinded grinded, so again great opportunity. Definitely this is what you're going to want to look for uh when you're look trying to you know, look at a short squeeze.

You know trying to gauge one real time. Um and again they just keep getting stuck through those high fake high day breaks, adding in and eventually you're going to have that blow off top, which you know it in this case, the blow off top wasn't ever really a blow off, there's no blow off candle Because, again, the entire time was just shorts getting churned out of their mind. Uh ivda, really weird one um. We, you know in a sense we kind of had a similar right, similar thing where you get the fake high day, break failure to break down just on a larger time frame and then the parabolic uh, i'm sure, largely because of veru that momentum carried over.

But yeah this would have been a great entry here. Let me pull up view op, my internet connection, let's see if i uh read yeah my internet's a little bit slow in the studio, and sometimes that does affect the charts, but i'm sure view op was right around this area, the 320s during this time. So we had this consolidation likely right under vue up um again failed to break down. I i thought it was getting more of a head and shoulders pattern personally, but it ended up just and maybe that's why it ended up squeezing so much because shorts were by or shorting into that, head and shoulders, but same same concept, though right you get a Fake high day break failure to break down and then just rip again, though it looks like some liquidation of some sort.

I mean it just came all the way back down very controlled, very manipulated, um h-o-t-h, i'm gon na bring that up real quick. They dropped an offering after hours. This is why i avoid these kinds of stocks that gap up and they just get caught in a range. I hate it like why can't a stock 23 million float, it's clearly rotating flow right.

I mean it's trading two to three million shares a minute out of the gates. Why is it not moving uh generally, it's because it's controlled. Obviously they dropped an offering. So i mean like they.

The purpose. Did you know that the purpose of their their you know agenda worked out, they kept it up, but i just i hate stocks that don't have any range, despite a big gap up, so i avoid those completely especially into the afternoon. Excuse me: allergies are getting bad here in texas, um, so yeah, no, those those i'd say were kind of the three main ones today, but again, a really nice scalp opportunity for me on veru um, you know got it was it was a scalp. I got a two to one on it: um, even even after got cut out here, so it was a great trade potential.

Hopefully you guys killed it. Let me know down in the comments below, if you guys crushed veru or maybe what else you traded today. There were a lot of other end of day or slash midday runners that i didn't take advantage of um, mainly because they were literally like midday. They popped at like 12, and i was still in that workout, but um yeah anyways be sure to hit the like button.

Be sure you're subscribed be sure to comment if you crush it or if you didn't what maybe what you learned, if you learned how to spot a short squeeze in real time, drop a thumbs up, anyways, so anyways guys i'll see you back here. Actually, i'm going to be in the office tomorrow, um, although later in this week, i'm actually not going to uh uh, be able to film i've got a family coming in town, so i'll be here the next two days until wednesday, and then, unfortunately, you got to Take the rest of the week off from you guys, but i'll see you back here tomorrow on small cap recap hope you enjoyed see you then we hope you guys enjoyed that last video thanks so much for watching and being a part of the stocks trade community. We wouldn't be here without you guys, be sure to hit that like button and subscribe to the channel if you haven't already. Our goal is to get 100 000 subscribers by the end of the year, but we can't do it without your help.

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