The market’s down big today.
Bulls may be freaking out, but I’m not. I don’t think the world’s ending. The market goes down sometimes.
Right now, the news flow isn’t so great. There’s a ton of earnings announcements coming up. It’s not unusual for things to slow down as we ramp into earnings season.
Enjoy this slow time! Read a book, review your trades, go outside. You don’t have to trade every day.
Here’s what I’m watching today…
A follower asked about Aehr Test Systems (NASDAQ: AEHR). It’s got some total BS electric vehicle (EV) news.
It’s a little higher float, but it does have good volume. It could be a breakout over $3.50. Keep in mind on days like today when the market’s red, I’m a stickler about the 9:45 rule…
I’m not a huge fan of NRX Pharmaceuticals Inc. (NASDAQ: NRXP). It’s a higher float stock, and it has a disaster chart. I’d say it’s an afternoon-only play or a potential short against the high of the day.
Jiuzi Holdings Inc. (NASDAQ: JZXN) was a big yuck last week. Guess what? It’s still a big yuck this week, especially on a red day like today.
Regular followers know what I’ll say about OTC play Life Clips Inc. (OTCPK LCLP). I only have three main approaches to OTCs...
If you took the gap, sell the gap. Look for morning panic dip buys. Barring that, look for the afternoon OTSwizzle pattern. Same answer every time.
My stance on the NVIDIA Corp. (NASDAQ: NVDA) stock split? Don’t anticipate, react. Yes, stock splits have been bullish lately. But don’t try to make guesses. If you wanna guess, go to a casino. At least you get a free drink there!
Look for patterns. If it’s holding VWAP ... if it’s breaking out, then we can talk.
It bums me out to say this, but, as of the premarket, Oxbridge Re Holdings Ltd. (NASDAQ: OXBR) looked like the top dip and rip.
Sure, it checks the boxes. But if you ask me, this sketchy Cayman Islands SPAC is just OK...
My main watch for today? SGOCO Group, Ltd. (NASDAQ: SGOC). It squeezed after hours, and I’d love to see a reclaim of VWAP…
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By Stock Chat

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5 thoughts on “Pre market prep- stock market 7/19/21”
  1. Avataaar/Circle Created with python_avatars Salt and Soul says:

    ENZ

  2. Avataaar/Circle Created with python_avatars Maximus "Pure Blood" Muchimus says:

    Hilarious Tim! 😂😂😂 BTW, take a laptop outside and trade if it means getting sun and fresh air…you should be getting sun into your eyes (not necessarily directly) at least 15 minutes a day! Supplements don't cut it and your skin doesn't absorb as much as people want to believe.

  3. Avataaar/Circle Created with python_avatars Dani Schei says:

    Its cool to see you advise a short position. I don't short, but still.

  4. Avataaar/Circle Created with python_avatars Surf Panther says:

    Make no mistake, there is a very large inflation crash coming 🙂

  5. Avataaar/Circle Created with python_avatars El Presidente Electo says:

    "ladies relax!!!!" best line ever. Congress like social media is a scam too

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