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Warrior Trading // Ross Cameron // Day Trade Warrior

All right. So this week for um Black Friday Cyber Monday I'm going to do uh, a brief watch list each day on YouTube So we're coming up to the top of the hour here 9:00 a.m. and I'll give you my breakdown of the state of the market what I'm looking at this morning. It's going to be brief uh, but just going to give you guys a little bit of a a watch list each morning this week and um, as always I hope you hit the thumbs up I hope you're subscribed to the channel and if you are interested in becoming a member at Warrior trading, come on over to our website and check out the Black Friday Cyber Monday specials that we've got going on right now.

These are specifically on the Warrior starter and the Warrior Pro membership. All right. So this morning we've got uh leading. well.

let's actually start by looking at the S&P 500. All right. So S&P 500 uh is in a really interesting position here. We've got this uh, daily chart right here and you can see let's see our let me get this out our all-time high uh it's right up here so let me get rid of this I don't know where that you know what that might have come from a uh, intraday or pre-market Peak So around 168 the high of this candle regular trading hours was um right up here.

Let's see here we go around 167. So as we know we had good CPI numbers last Tuesday and that really sent the market on um on a pretty big stre. pretty pretty big. Um, squeeze right there and let me just check my uh broadcast settings.

Hang on one second. It's been a while since I was doing, um, a double broadcast. All right. I'm going to turn that one down.

let's see if that improves. Okay, so um, anyway, so I was going over the S&P 500 here and we had the CPI numbers last week. Overall, Market makes a nice move up here. Um, and now we've got this daily resistance level at about 25208.

So if we can break through 2528 that our next stop is uh, sorry, um, 452 that our next stop is Uh, 4557 83. that's this high right back here and then we have room back up to 467 468. Historically, December has been, um, a month where we've gotten an average of 2% returns in the market and so you know we've got this, uh, seasonal, uh, benefit. sort of winded our back going on right now as we're coming to the end of November and into December and I was reading over the weekend.

Um, some people are now predicting that the S&P makes a new high before the end of the year, which uh, would be would be impressive. Uh, but when we look at the S&P the all-time high is about 467 and we're at 450. It's not that far away all things considered so it could happen. Um, I Do think we're a little extended here.

It feels like we might fade off this 250 level. but uh, but other people are thinking with those, um, better than expected CPI numbers they're now projecting um, an interest rate? Uh, drop in March with like 28% uh, confidence? So you know all of a sudden that really does, uh, change the the market sentiment. All right. So that's the big Market Big Picture Last week was a slow week and actually November has been a slow month for me.
Um, September was good October was good, but then things slowed down in November. So part of the problem for me has been a lot of penny stocks. a lot cheaper stocks which is not been as easy. I've had three no trade days I've had three red days and I think I've had um, maybe seven, uh, green days or something like that.

Six green days. so uh, green on the month but not not crushing it the way I hoped I would. uh, considering it is November Usually this is a month I do quite well. So the leading gapper right now is Cu Cu squeezed up from a dollar all the way up to $3.50 a share.

and you're going to notice a little bit of a theme here where we're seeing stocks popping up, making these kind of big moves and then fading. Today's a day where it sort of seemed like the easier money was on the short side rather than the long side. Uh, this one makes this nice move here from a dollar up to two to three, but it just goes basically straight up. So there was some opportunity for Traders who are aggressive and confident to do micro pullbacks 250.

Another one around three goes up to 346. It pulls back, comes back up, flushes, comes back up here and does a perfect double top at 346 and then drops from 346 all the way down to $1.99 That is a really strong pullback and what? I was noticing on this, There were two things. First, First, I noticed a pinned order pinned at the Ask. Um, and it was A.

it was a sell order. a large sell order and it flushed the stock down. That was on this candle right here. So the way a pinned order works, it was about 70 80,000 shares it's on it, basically pins to the ask and every time the Ask drops, it automatically moves lower so it's just moving, basically pushing the stock right down.

We saw this with GameStop a lot. So to see it on this stock early on, you know it made me think someone's trying to get out of a position. someone's trying to bail. It would be it.

It would be a sort of interesting way to accumulate a short position because it's going to have the effect of pushing the stock down and if you're not in yet, then it's not going to be beneficial to you. So I sort of thought that this was, um, a situation of someone trying to dump shares who was already holding. Then it comes back up to 346 and then we get this like basic, just flush hard selling so that again seemed like someone was trying to dump shares. and then again right here on this candle 100 almost 100,000 shares.

So there was some strong selling on this one today. it's now back at a $1.99 it's still up 100% but after that pullback is it trustworthy I think the answer for me is no. um CDI I see that hitting the scan that one's up 50% It's our second leading gapper. Similarly, this one popped up pre-market from a dollar up to a do 30.
It flushed fairly hard down here to A110 but is now rallying back up. has resistance at the daily at about $2 a share. uh maybe A187 the 200 moving average. So we do have a little bit of resistance coming up here.

Um, you know it does have some news which is good, but with that overhead resistance I'm not sure how much more is realistic to get out of it. to be honest I think it's kind of um th this may be I don't know, we may not get a lot out of it. Then the third leading gapper is nept NEP is priced at 97 cents. Right now it's up 43% but again, look at this chart.

we've got this, um, this big move here and then um, you know we get this drop all right. So we hit a high of A162 and then uh, it pulls back down to 97. So a little bit of, um, a little bit of chop here. Unfortunately, at a do at 96, you know it's just it's going to be a tough one.

Um I think at this point it's pulled back just too much. All right, so that one's pulled back too much. GDC This one's got a high of of about $5 a share pivot right in this area of $439 I don't think that's going to work I think unfortunately this one's um, this one's no good. just don't like that pre-market candle.

So the pop and then the pullback all right. So as we sit right now we have had a couple of stocks that went up over 100% which is great I love seeing that. However, as we can tell we are seeing stocks that are popping up and that are pulling back, popping up and pulling back, Cuen was on quite light volume, poor liquidity in the market in general. Um, that's a little bit of a challenge right now.

and I think the question is what is the obvious one today? Obvious one today. Well at this point right now at about 10 n I'm not sure that I see one that is particularly obvious CU it's already popped and pulled back Cdio it is going higher, but it's got resistance on the daily. If we sort by volume, well, NP has the most volume, but certainly that's not the one to focus on right now because it's pulled back too much. I think the one to focus on to stop that is in the top you know of its range so it's come up to about.

you know whatever the high is and it's within that top. you know 10 15% of the range. so I don't mind a little pullback, but I'd like to trade something near the top of the range so Cdio it is at the top of the range. but I see that over overhead resistance and again for those tuning in on YouTube I'm doing uh a special this week where I'm going to give you my watch list be about 15 minute long stream each day, give you my watch list what I'm looking at for the day and um and that's basically it just a a brief watch list each day and I hope you guys enjoy it.

Hope you hit the thumbs up and I'm doing this special for Black Friday Cyber Monday We do have sales going on at Warrior trading and you're welcome to come over and check those out. so I hope hope to see you uh over on uh the website. All right. So we've got about 20 minutes to the opening bell and I would say right now I want to wait to see something obvious? I don't see something right now? That's obvious to me.
So for the pre-market session we've had a number of stocks that have popped up and then pulled back, popped up and then pulled back, popped up and then pulled back. It has felt like the easier trades today would have been to the short side because really anything you shorted and added to has come back down except for CDI I suppose. but uh uh. But also, this has this overhead resistance.

so I don't think that that uh, really seems quite right. All right. So let's see. um if anyone has a ticker they want me to look at, let me know and I'll take a peek at it.

Okay Abxl GDC uh yeah. so Avxl um I was looking at this one earlier. Um, the float is 72 million shares. It is gapping up a little bit, but I think that float is too high on it resistance at about $8 which is the 200 moving average.

All right, so that's Avxl. um Ibrx? Yeah, see that and again floats a little higher at 150 million shares. Rivan? Um, no real opinion op on that one. Cdio hitting a new high vsh I looked at that one as well, squeezed up to 80 cents and then gave back 50% of the move.

So that's a bummer. Don't love seeing that for all right? So my watch list as of right? now this morning is I don't like anything for the pre-market session but I want to see how things look at the open and I want to see what we end up getting for um, opening range momentum. Last week, probably the biggest uh move was on uh SGD and this was. this was one of those kind of late morning moves that or afternoon moves that caught a lot of Traders by surprise.

So I ended up I didn't trade it because I wasn't trading in the afternoon but a fantastic move all the way up to 10. Um, it's pulling back right now I do think it has potential for, um, like a dead cat bounce but I don't realistically know how much it would bounce. Uh, but you know it's something to keep an eye on. probably not today, may maybe tomorrow I don't know if if it was going to bounce it probably already sort of tried.

I guess there around 7:00 a.m. and pulled back. so uh, but yeah, um so we'll We'll keep things on watch and see if we end up getting any momentum as we go uh, through the opening range. Maybe there'll be something that um, shows shows itself all right? So um, just wanted to give you guys this brief watch list for those of you guys tuning in on.

YouTube make sure you check out our Um Black Friday Cyber Monday sales are going on right now I'll drop a link for this um for you guys to check it out and I will be back. Uh, bright and early tomorrow morning with another uh, brief watch list uh stream. So I'll see you guys um tomorrow morning. All right.

there's the link for Um Black Friday Cyber Monday Sales but if you just come over to Warrior Trading.com you'll see Um, you'll see these. uh, the the banners and stuff all right. So I'm going to get ready for the opening bell and I'll see you guys back at it tomorrow.

By Stock Chat

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