Good morning, ladies and gentlemen, boys and girls, everybody welcome back to your pre-market watch list. So just an fyi there is a big thunderstorm sweeping across right now above me, so hopefully the internet. Nothing like that shuts out. That would be great uh.

So, let's just pray that everything stays nice and calm this morning, all right so got ta say a little bit of a slow morning. Today, again it is friday um. You know couple days after we've heard all the fed speaks. You know pretty much saying what we thought, they would say: inflation risk and we've opened up the discussion of the federal reserve, finally reducing its balance sheet, which is probably going to cause some worrisome in the market.

So a couple things that have changed the market started going down, as we kind of mentioned. It probably would start to do start to see some selling pressure, but that's also probably in relation to what the federal reserve had mentioned just a couple days ago. So good morning, guys good morning we're going to run through amc here, so we'll recover kind of a little bit of what happened yesterday. So yesterday um we had mentioned that the control point for the stock on amc was pretty much this zone um.

So what we had recommended yesterday, i don't remember the downside one, but it was like somewhere down here or something like that. So the recommendation yesterday on amc was to be long down here for support or to be long on the break. Slash shift, uh control. Point all right, so that was a recommendation yesterday you were either long for the support hold down here where support was at or you were long for the control point break which was right there and then yesterday during pre-market, we didn't actually give the price target on The upside didn't really think of it at the time.

That was something that i ended up touching on in our private cloud. Our private group was okay. If we break here, then you'd be targeting up to this zone on the day. So we got the break and we ran up to the desired price target on the day, which was like around 63 bucks so this morning, going forward in order for amc to continue its move and continue breaking out and probably an ideal level that has, we have To clear is going to be 63.34, which is basically the previous high a day from the other day well from yesterday.

So the reason we're looking at 6334 is that is the plus 4 deviation mark here that we're currently sitting just below. So again we have to get up through the plus 4 on the daily chart, and then we also have to get through the plus three on the four hour chart. So we kind of have a little price zone right now right here, that's pretty much it that's the price zone that the market on amc has to get above for the mood to continue going and now, if you were to do that and get through there, then We could be looking at moves all the way up to 75 76 to retest the previous all-time high in the market, for amc right now then, but before that, the first thing you would look for is a move to about 70. yeah, 69.86.

So again, breakthrough 63. 34 successfully, you would look for a move first to about 69 40 to 70, probably a little consolidation a little pullback, and then you would look for your stretch back up to the all-time high, which is around that 75 dollar price. Point. 76.

Okay, so that's pretty much pretty much what we'd be filing for today. All right, so don't be surprised if you see the markets push back up towards this price point of like 64-ish 63 and it start to have resistance. This is kind of the same situation as um yesterday, in a way where we're like this is the control point that has to break you can see. We ran right to it, spiked down back to it.

Spiked down came up through it squeeze so again. 63 34 is the magic number today for amc good morning, guys good morning thoughts on dkng. I will take a look at dkng spy clap. Yes, the spy got absolutely mangled, so we're definitely going to be touching on that a little bit as well.

So before i get on over to a or the spy we'll take a look at the stock dkng alrighty, so yeah dkng kind of in a dip by area. It definitely was just a couple days ago, looking back now, obviously um. This was our last recommended. Buy point on dkng down there with the recommended price target of here we didn't quite get there.

We got very close, so recommendation was long in this zone with price targets all the way back up to about 57. It ended up hitting 56 or so um. Then we sold back down on that hindenburg report. Now it's kind of getting bought back up, i think arc or kathy woods even bought like another 900 000 shares of dkng the other day on that drop or close to so right now, i would be more on the bull side of dkng your objective.

For the time being, is to get the price back up and through pretty much 51.25 once you get the price up through 5125 and this point here, so you have a price zone of 50 to 50 125 that you got to get up and reclaim. And then you can shift the momentum back upwards, so for now, you're kind of in the dip by zone for dkng uh orph crashed down to five dollars. Some news got released today, something about something anyways. The stock crashed um kind of salty about it myself, but yeah when we look at orph uh.

What's what's most sad about. This is the fact that um just yesterday, i was short like close to 2 000 shares like right on that top, and then this morning we dropped down to here that blows. So that's what's funny about it. Would i have known hindsight 2020.

Of course, i would have helped, but i did. I had no idea that this morning they were going to release something in the stock was going to tank. So this morning they released news like five in the morning, uh asked fda for more data on genetic disorder. Drugs, something something shares fall 55 pre-market after the company announced it received a complete response letter from the fda for its treatment for niemann pick disease type c, which i have no idea.

What the fda said that they didn't like about it or whatever. But as you can see, the end result is the stock tank. So you probably i mean this thing's been making crazy moves. The past couple days where it's crashed.

It's bounced, it's crashed. It's bounced, i'm gon na have to just kind of say it's not gon na. Do a whole lot because i don't think it really will. If it's gon na go long, i expect it to maybe get back up to prices of about 8.70.

I probably wouldn't be looking to get this stock on the day back up more than 870 for right now, ish um, which would be like right around there. Eight 90s, eight sixties, eight 870's area, but not going to be trading. This myself, most likely all right. We're just going to keep going down the list by the way.

I don't really have anything on my watch list today. I know as crazy as weird as that might sound. I haven't really come across anything that i'm crazy about that's at a particular price point that makes me want to take action so really just kind of sitting back reviewing stocks and seeing what comes up for the day as market opens. Take a look at ford f.

So clearly sold down yesterday, so i would imagine we're probably coming from a high point. Yes, we are so. If we look at the daily chart, you will see that ford had come right up to uh. Right came right up to the plus one daily chart deviation started to sell down four hour chart right to the plus one deviation: yellow trend line, orange trend line sold down on the four hour chart.

The price has just now returned to the regression trend, which is right there at 14.50, daily chart still has down to 14.. I would expect we're going to be continuing to see the price of four decline down to prices of about 14, give or take a little bit both on the upside and the downside. So price target, for me ford, is that you're gon na see it go into this zone right here. So i think more selling pressure um with the low of that selling pressure being somewhere towards fourteen dollars for right now, yeah the spy tank, the yeah and this yeah spy tank cues went up very odd, but we're definitely going to take a look at that.

In a sec here, g g-o-e-d: let's take a gander at this: oh yeah, that's at stockton tank and now it's kind of grinding back up. I mean it's a slow mover. If you want to you know trade with it sure, but that thing crashed from 21 to a dollar, not for good reason. So if you want to own it sure i'm not really crazy about it, i don't even think it's going to get back to 5.71, just because of a gut feeling, but in a typical situation, we'd be going back trying to target back to five bucks, but i Don't think it's gon na reach 560 or five bucks myself at least for right now.

I think it's going to take a little more time. That being said, i wouldn't really be bearish either because it's already sold off so much that it's kind of in the bottom of its trends. I don't see a whole lot of downside potential for the time being either so just really neutral to slightly bullish, uh s-u-n-w yeah, so scnw was a stock that we even had a swing trade. On a couple weeks back closed into this high, it's dropped back down.

Again closer to support um, which i would imagine plug in bln k of drop yeah. So if you look at plug and blnk well plug, not bln k, so much and fcel those have all kind of given back that original bullish move, they were making um. So, for the time being kind of have to be neutral on sunw um, so to speak. I still think there's going to be a long play here in the future, so i wouldn't be watching these bearish or short.

I would just be watching them. Looking for the signal to give you an okay on a long side, but i think we are into more of an accumulation phase on sunw and maybe even plug power, so i would just be watching these long bias. Still i mean again, targets would be back to regression trends so like 14 on sunw, but again still just not not quite ready to make the big move. I think just needs more time.

No, we didn't go over utme, but we can so again going and looking at utme um stock sold all the way down, for whatever reason um, you know, if you want to try to trade, this long bias, you know maybe go ahead. You know be my guest, but probably something i'm going to leave alone. I have no re. I have no idea why they crashed.

But again you know you'll see you know you have a plus two deviation mark that it's kind of trading around. Here we go to the daily chart, you will see that dropped almost all the way down to negative three deviation. So you know if i were trying to trade this long i mean maybe you'd be trying to get back up to a price target of like well. I guess we already did that i was going to say you'd be trying to get back up to a price target of 21.

look at where we went to 21.. So you know part of the long move that i just analyzed already happened right, i'm like well. If you could go long, you would want to be long up to here. So this is currently you know.

This is your intraday support all right and that's your intraday resistance right now. There might be something else that i missed. Let me just double check. Um i mean you, have this here sure no kind of kind of yeah so utme i mean i don't think it's gon na pop long, but let's just say it does.

I would not be trying to get utme higher than 28. So let me put it that way like if this just happens to go into a long, then i would not be looking to be long anything over this 28 mark and that's the last place. You would try to get up there good morning, bull or bearish. On amc, more bullish than i am bearish, given the way that we've been trading, especially yesterday after taking back the control point so specific level you'd be watching for again is in the title at 63, 34.

yeah. I heard something about a cryptocurrency going to zero um. I can't remember what it was called but yeah. I did hear about that.

Uh s e n s, so scns down to 352, which means i mean it's still just kind of hanging out yeah i mean scns still has potentially a dip target to three dollars. So three dollars is still a potential dip move for the stock scns thoughts on job job, nothing. I mean you're kind of in more of a swing, long dip, but i don't really care for that. It's not a really good.

Looking chart pattern up down flat up crash flat, it probably just something: you're not going to mess with too much. Oh a lot of thunder outside uh bbi g, so bbig came from the high selling point coming down. Now i mean, maybe you have like a little dip pop, but probably not going to want to do a whole lot with this myself. Again, you can see we pushed up, then the stock crashed.

It got to a low point below the regression trend broke through the regression trend. That's where big jumps can happen, pulled back to the regression trends spiked up to the way overbought location. Now it's pulling back so you're, probably on a counter trend - bounce, but not a true dip. So for now i'm not really crazy about being long biases, but i imagine you're just going to see a counter counter trend.

Bounce play from bbig very soon mmm good afternoon from sweden, how's it going matt n-a-u-t and what time is it 8, 48 and naut? So this is a recent ipo just kind of down. Trending, probably wouldn't do a whole lot with that myself, it's just down trending! It's on trend really nothing, nothing much more to say there, um amc, bull or bear or wait. We already did that, never mind. I thought you said something else: wow there's so much to cover uh.

So again, culture or not culture, woody but annie, hilario hilario tesla has what appears to be a bull flag. But if you look at the stock market today the stock market's going down so the stock market continues to go down. Then you're probably going to end up seeing bearish trading on most of your big market cap stocks, facebook, amazon, things of that nature, anything that's really big market cap stock, tesla and so on. Probably gon na have negative trading for the day.

If markets continue to have negative trading so before we go further, let's go and take a peek at the spy and all that good stuff. So if anybody remembers probably just yesterday in the past couple days, we had been mentioning that the market was probably going to start seeing selling pressure um and the reason for that was because this was our recommended buy points recently um. If this ever works. I don't know why there it goes that was our recommended dip buy with pretty much recommended targets back to the trend, so we finally got up to trend and that's where we'd expect the market to kind of start, seeing weakness and so on so forth, and now We've seen weakness and the market has rolled over again so on the way down, kind of the first spot that you would maybe consider would be a dip buy, which therefore, a support would on the spy would be down to like 4 15 43..

So this was where i was thinking. We might see the spy get two today um. Let me show you on a one minute chart so on a one minute chart that was kind of where i was expecting the target might be to, but i wasn't expecting. We would fall down to this price without at least bouncing first on the day and then coming over, you can see.

We've started a little bounce here. We've started bouncing a little bit so we're already doing what i thought we would do, which was you know, come down bounce before trying to go down to that target of 415. um. So, yes, i am actively a little bit more bearish to market with price targets.

Right now for 15. um right now we're trading at negative three deviations intraday. So a lot of times. What will happen is you won't break this level until it yeah so like right now it's on intraday support where it's not breaking so a lot of times.

The market will hold up, it will bounce and then like say an hour and a half later, this trend line, the blue trend line, will end up being somewhere down here later in the day so later in the day, this will slowly go down and then eventually That blue line is all the way down towards you know, say 415, and now the price of the stock or etf in this matter could roll down back to the blue line, which then matches up with this trend line. So hopefully, i'm not confusing you, but hopefully that made some sense, anyways, so spy little bearish now we'll take a look at the nasdaq. So our first price target on the downside today for the nasdaq was going to be this price point of 343.98, which we already ended up hitting. So the next thing down is kind of far away.

So i didn't really think we're really going to do that. So i can't really give a good price target on the nasdaq today um, because my price targets are so far away, so it's kind of like i mean i don't have. I have no trending support on the market right now i mean i do i mean this. Is the current trend? So unless we're back up and over 343.90, then the markets are going to stay slightly bare.

So i guess the best way to probably watch today's market, since the price targets are so far away on the downside it's kind of like. Ah, i guess the better way of saying things would be to um to watch the markets bearish if we can't get back above 340. 385. That's a better way of saying it.

If the markets stay below 340 385, then we can see this market gain more weakness and come down. So this is currently the price point. Markets need to get back over and if they don't, then i would look for a swing move down in the market. Um, did i see that crypto went to zero how'd, you figure out this chart system, ah just practice and pretty much it um.

Let's see the power put um, also something i want to show you on the spy um. Okay. This is something to maybe help you out in next time around in the future, so we're gon na go, look at the four hour time frame, all right. So, generally speaking - and this has been the case for the last couple months - is you know after the market goes through a sell-off and then it gets back to the regression trend? That's naturally, when the markets are going to kind of slow down and go through its pullback now, when we start to go through that pullback, we kind of do this awkward.

Funky grind trade um. So again, if we zoom in you'll kind of see what i'm talking about, if you look at like this section from like here to there right and if you look at like this section from here to here, you'll see what i'm talking about it kind of. Does that almost looks like a bull flag, really choppy back and forth grinding, and then it ends up rolling over and that's been the case for the last couple times um but anyways. That is very, very minimal in terms of importance, something for the small accounts.

80, mp sure um actually looks somewhat decent, doesn't look too bad um you've, already kind of come from the lower risk buy zone. Lower risk buying zone was below the regression trend, so your big on sale price is already gone and now you're back up and over the regression trend and holding. So your objective right now is to stay above this and then squeeze up and through 128 for right now. So ideally the way you'd go about.

This is your support. Slash, maybe stop. Loss area would be a successful break through the regression trend, and your current long target would be back up to a dollar 28 and hopeful that you'd get through a dollar 28 so that you could hit price targets of like 1.58. Video quality is garbage uh brad.

That's probably because you're viewing the stream on a setting that is not 1080p, so most likely. The reason for the garbage stream is on your end, which you could very well fix, just by making sure you're viewing the stream in 1080p quality or resolution. And then, if that's not the case, then i apologize i suck and there's a million other people. You should watch on youtube, alrighty, um, actually yeah brad.

We've also come to find through extensive research and development that the stream quality will become significantly better. When you hit the like button, we don't know why we're not quite sure, but again, research has led us to one conclusion: hitting the like button makes the stream quality better. Can you elaborate on how you practiced practice this chart setup um, so yeah? We have three minutes. I will answer that question as best as i can so um pulling something up right now.

Again here is um where's, my picture where's, my teaching picture there. It is. This is a little blurry, but you know whatever um so again. The way it works is it's standard deviation.

So this is a standard deviation chart on google, but it's the same thing on think or swim. It just looks a little differently, but again all those solid lines that you see are the same thing here as all these solid lines, and if you look in the middle, it's going to give you a percentage and that percentage is there to help. You understand how often a set of data or data is represented within a matter of deviations or a better way of saying it is a stock trades, 99.7 percent of the time with inside, of three deviations. Okay, and so the blue lines on my chart here.

That is three deviations, so those blue lines you see on the stock chart. There are the same thing as these three and negative three line on this google image that represents three deviations and the statistics behind that are that 99.7 percent of the time most data is going to exist within three standard deviations from the statistical average and or mean Mean being the middle, so this black line being the middle okay, that's the mean and 99.7 percent of time. Most data is going to exist within a three standard deviation from the mean now, when you go look at the stock chart. This is the stock chart.

The stock chart and the price action of the stock is the data okay and so 99.7 of the time. The data and or in this case, stock price or price action is reflected and exists, 99.7 of the time within side of the blue lines. Okay, sixty-five percent of the time the price is going to exist within side of the yellow lines, okay and then ninety-five percent of the time the price action will be inside of the green lines, so you're saying well. How can this help me? Well, if you come and you see a stock and it's trading above the blue line, you know 99.7 percent of the time the price action or data is normally within side of three standard deviations from the middle and on my chart the middle is the white line.

So again, if 99.7 of the time, data and price action is going to exist within side of three deviations from the mean, then we know when a price is outside of three deviations. It becomes extremely high risk to buy because it's most likely going to go down back to within side three deviations, so that is kind of like the meat and potatoes of the system and then how you go about using it for trading is a little bit different. But it all first starts with you understanding the probabilities behind the system so that, when you're looking at something like, for example, um hold on orph here, you go look at orph right, 99.7 percent of the time the price action is going to exist within side of The blue lines look at what happened when it squeezed all the way to 77.. Where did it drop? It dropped all the way back to within side of those blue lines and then, if you look at how it traded since it traded just to about the blue line and then back down, so we crashed back to below the blue.

Look at where the top of this candle goes up to basically the blue and then it comes back down and then look at where the other day it went. It went push right up to the blue slightly over and then look what happened came back down and then the following day. You can see right up to the blue back down. Now these price levels adjust.

So today it looks a little bit more perfect than it did yesterday, but still very close, so that's kind of the meat and potatoes of it. But we don't have enough time to go over everything and i got ta get off and hop to our premium group. Now so i do appreciate you tuning in uh with that being said, ladies and gentlemen, i will see everybody back um not tomorrow morning and uh. That being said, i'll see you guys not tomorrow morning but monday morning.

No, that's right. I'm gon na be gone monday and tuesday. I won't see you guys till wednesday morning so catch you guys on wednesday.