Good morning, good morning, ladies and gentlemen, everybody boys and girls welcome back to another pre-market watch list. Of course, as we always will gamestop amc until they probably die and yeah pretty much pretty much. We can talk about orph, glto, um, really anything you guys want. I'm going to say that i'm very open today on taking on recommendations and looking at you know whatever it is, you guys are because so far i haven't really come up with exactly which stock i really want to follow so still kind of on the fence about What we're going to be following today, what we're going to be watching um so again a little uh, more optimistic and open to some of your guys's recommendations or call outs for that matter.

So, let's start here with amc, gamestop we'll get that out of the way. All right, um, let me get my brain going so yesterday, recommendation was the bounce zone was 41s to um, 40 47., it dipped as low as 39.71, but the long zone yesterday was mentioned to be here and then i think the control point was like up here Again, it's hard to remember everything off top of my head, but um this morning the gamestop support it still is here, but whether or not you get that retest is another story. So let's go look at the daily chart really quickly, um all right. So if we go look at the daily chart, you'll see yesterday that we swept down to the blue line and bounced remember how i was saying that we probably wanted to go to the blue line the market, and then it would bounce.

So yesterday gamestop we roll down to the blue line and we also roll down to this green line on the four hour chart and all that those two levels i just talked about those line up with the um they line up with the previous um, like bounce Zone here so when we went up to 77 had that big flash crash day it dropped down to a low of you know, 35 or whatever and bounce. You know that low point kind of lines up with these trend lines, so we bounce here so for right. Now the easiest part of the bounce move has happened. Okay from coming down into this green line and bouncing upwards, you can see where we've bounced to um one second, okay, let me put some drawings on here, so you see this like dotted line in here right with that green arrow, so there's a dotted line in There all right - and then you see the blue line up here and the green line down here all right.

So a good way to put it would be like this. The distance from the green line to the blue line equals one. The dotted white line in the middle equals - i did a plus sign, i'm doing plus signs equals um the halfway mark from green to blue all right. So i put a plus sign there.

It wasn't supposed to, but the distance from the green line to the blue line is equal to one and the dotted white line in the middle of the halfway mark or sorry. The dot of the white line in the middle is the halfway mark from the green to the blue. So if you think about this move being 100, then the bounce from the green line back to the dotted white line would be a 50 retracement. So anybody who's like a fibonacci trader um.

You know that when you go about using the system the way i do like that's the way we look at it. You know the move from blue to green is equivalent to 1 or 100. It's a full one. Deviation move and then the bounce from the green line back up to the dotted white line would be a 50 retracement of that current down leg move, so the bounce move from yesterday to where we're currently at was like the projected balance of that market.

So the only way you're really going higher in the immediate or the long play continues on amc here is if you can successfully get amc up and through the halfway marker okay. So if you can because again think about it, if the market is meant to keep down trending right, then you just do counter trend. Bounces right anytime, a market's trending up or a market's running down. You will do um, you know you, you go up and then you pull back and you either continue or you don't right and those pullbacks.

They tend to be a lot of times at these 50 percent markers okay. If the trend is going to continue in the direction, then it's not going to break back up above the 50 marker or that halfway point it's going to keep going down in the same direction. So, in order for the market to keep down trending on amc, the market needs to stay below like 45.50, for the market to get back up in taking out like more short sellers essentially and people betting bearish. You need to get back up and through the 50 marker to convince bearish people that that trend might be stopping or reversing so for now right now, the current resistance of the market is right.

Around 45, like 50., so you'll see that this morning pre-market we kind of snap that price and we're holding below it right now. So currently, that is your resistance in the market. So i'm assuming that going into the open the market's going to bearish off this line. Um i mean i want to be bullish.

I really do but just kind of the way it looks and the way this market's set up pre-market um. If you can't get back up above 45.60, the market's probably going to swing back down lower um on on amc for the time being, okay, now, if, in the event it actually swung lower, you could be targeting back down to the lows of yesterday i mean that's Pretty much just it, i mean, there's not like a whole lot more that i would really talk about yeah. I don't think we're gon na be doing a big downswing. Today, i don't think we're yeah.

I think you're gon na see, i think you're gon na see some consolidation trading. I think there's going to be a fight today on amc, so we'll see all right, uh all right, a lot of talk in there. A lot of talking uh, we'll cover gamestop really quickly and then i'm going to run through a lot of the comments there so gamestop yesterday. I was wrong about the analysis.

I was right, but then i was wrong, so i was right that the market was going to bounce down here at like 2 30 4 45. But i was wrong because i didn't think we were gon na take out the low. I thought we would stay above that, but we didn't so the analysis kind of changed on the fly a little bit so then, once we had broke support, i'm like okay or yeah so anyways. Nonetheless, the recommendation was that we would probably want to be long bias on gamestop at the prices of like 229 to 30ish area.

Well, we got there, it bounces, but we end up breaking down, but you can see overnight. We bounced back and we're basically at that price that i recommended as the buy point. So i do think that there is going to be a bounce on gamestop today. I think they're the market will try to trade this long.

So what you're watching for today on gamestop and mind you if gamestop bounces today, then that might add some positive feelings into the market and help amc go up today. Right amc has been dropping, so is gamestop, but if somehow miraculously gamestop holds a bounce today that could add the positive. You know happiness that you need for other people to buy long and maybe hold amc up. So, let's just go back and we're going to kind of redo a couple things here.

You see this dotted line so we're just going to put a level here. There we go boom and then, when we go to the 4 hour, we're gon na go and find that trend. So you can see. Look at the four hour candle here, um, look at where the trends at it's right there.

So this the body candle of this current candle is like right, the opening price - let me put it that way: the opening price um of this current four hour candle was right on support, so the way it looks is the market cannot go back below this point. Basically, you have to get through this resistance zone. This is currently a resistance zone you have to get through for gamestop to move long, otherwise swinging down through the 230 82 mark is probably what's going to lead to another attempt at selling down so again. The way we look at this is the market snapped all the way down to the mean we went through it, we pulled back up to it.

So unless we can get up and through this zone, we should try to push the move back downwards right. That's like going down pulling back to support or resistance, and now the market's going to try to push it this way, unless you can get it back up and through the price of 235, 236, essentially, okay, that is all we have for gamestop and amc for the Time being, i probably couldn't do any more of a detailed analysis than that for the time being, all right, amc back to 70.. I really hope so yeah. Let's take a look at nov and i do see it hitting the scanner here.

So it's probably making a move all right, so this is making an interesting move up. Uh, let's see. Okay, your target on novn is up to i think 1578 for right now, uh you're you're. I think you're you're literally on resistance right now.

So unless you can break wait hold on, i don't want to confuse myself so 1457 is the current resistance? Okay, you see this watch look at 1457.. That line is the current resistance. Did we break that yet we're right at it? So we should have a red candle here. That's typical, okay, but then again, this market also looks pretty strong, so we're currently at resistance.

I expect that you're going to see a pullback here on novn. If i'm wrong, then you should be targeting up to 1574.. So the overall long target of this move for me is 15.74. So what you're trying to do is oh excuse me, you're, trying to break the four hour regression level and you're, trying to or sorry the daily chart, regression level and you're trying to target up to the four hour regression level, which is right there.

Okay, which would be slightly over um that previous resistance of 1504 okay, all right, so you can see we we kind of broke up. We're still hanging out, hasn't done a whole lot. Let's see if we end up getting that pullback that i was talking about here. It would make sense again it would make total sense for the market to pull back here, but it's been moving strong, okay, so we'll wait on that one, but that's pretty much the analysis there for right now with what this is doing, you're on resistance.

I expected you to get a pullback here um. If that pullback gets sustained, then you would target up to like 1570 or so yeah. We're definitely gon na. Take a look um.

So on, i'm not trading a bounce on orph we tried to trade one yesterday right after the halt bought almost the absolute bottom of the crash halt, um and then i got offline, but i closed it out pretty much right into after hours trading, because i said, If they hold this until after i was trading, then it's not going to work well or it most likely won't work well and i'm not trying to deal with a low liquidity environment, blah blah blah, so he's ended up taking a loss on it, closing it out. Um but yeah, that's just one of those situations that just did not want to bounce after it crashed and you just have to recognize when that's the situation, and i could pretty much tell that's the way it was gon na go, but it did crash as far As we expected it to so that was good, uh gray. Yes, i will take a look at gray, so gray um, i kind of think gray is going to sell down to 618 area. So it's it's kind of an awkward setup.

I don't come across ones like this as often um. I guess you could say, but if you look at the way, how did that happen? Hmm, that's really odd, maybe not anyway. So if you look at the daily chart here on gray, you will see that we have the regression level at about 6.25. So the way it looks is the market broke over the regression level.

You can see we have that big squeeze and then it kind of pulled back around 625's there and then broke up. So we got successfully got bought up to the daily chart, long term trend yesterday on gra. Why we got bought through 625 market breaks out, then the market rolls back down to the 625. You can see that right break out pull back to bounce pulling back two.

So to me it almost appears that this is the long term trend at 625. That's the statistical average the market's been on a really long downtrend for the stock. I think it's going to try to just revert back down to here. That's why i think i think the market got a little happy here.

It broke the market out and now this is the market saying to itself: hey. No, let's come back down towards 6 25., so i kind of think you're going to see a 6 25 move today on gray but uh. I hope i'm wrong. I hope it just keeps going up, but something tells me we're gon na you know roll down to the 625s on that.

I'm sure you can hear all that squeaking in the background. That's my baby boy. You know he likes his play: toys, uh, nope, so yeah i'll show, but so this with orph yesterday, so i ended up closing out um pretty much into these candles so right into this red candle um. These two red candles is where i closed out.

I'm pretty sure all right, because that would have been right into the clothes yeah. So we did that candle halted and then we got green started, selling and closing into these candles here um, because once we bought this first green candle and then it halted and they tried to hold it until after i was trading it just i'm like this, isn't Gon na work, so we stopped oh boy, um, so scns one second before we get to scns, i want to take a look at bngo, sure, uh. So bngo i imagine, has okay yeah. So bngo is done.

I mean it's pretty much done everything we said. We do if you've been following the channel. We said that bng was going to start selling off when it was up here. I think i think it's time to maybe re-enter long, debatable, debatable anyways yeah.

So right now i mean bngo is holding that half deviation support. We talked about, i mean it's holding well um. I kind of feel like this might start going long again, so might be watching bngo back for a long over the next couple days, but ideally you'd be looking to get bngo back up and through 797 to force a long move, probably back up somewhere to like 845 for the time being um, but for right now, the best thing that you could have done with bngo is, if you wanted to be long, biased was to be buying. The half deviation support system the past couple days down at 7.56.

If you buy now and you're wrong, then it's gon na roll back down and target 760.. So it's like it's a little over support right now, so that if, in the event the move fails, you have a further drop down to support. That's kind of the issue with buying a late in a move but anyways, i kind of i'm optimistically bullish on bngo right now. Uh yeah standard deviation is great for swing trading and options.

It's good for anything um again, because, generally the whole gist with the standard deviation system is to provide trend for you or to provide um. You know like, like again, for example like, for example, like you're reading, a book right, they say, buy low, sell high. It's like well, no okay, and then it's like well. Can someone just tell me what's low and what's high and like well, some people, you know, might you know like? Oh, that's still hard, okay! Well, here's the standard deviation like that's high! That's low right, like like from the most simplest way of explaining it's just like okay, buy low, sell, high, okay, we'll find something that tells you what's low, find something that tells you what's high and there you have it that's the standard deviation.

The standard deviation is telling us when market is high and when market is low within a trend right, not because rsi, not because of this, no but the statistical trend, how it's traded in the past, where it's trading the past. This is normally an overbought price wow. That's impressive uh! So no i have. I have kicked him.

That's the the third or fourth account that i've kicked already so yeah. What you gon na do what you gon na do: okay, so with bngo optimistically long bias optimistically long bias. Yes, we'll get to uh! Uh jared ward, okay, send um on our discord, chat, room, make sure to send our uh support team, a message you can do so by typing in brt support, you know um and then message them and they'll they'll get you situated. I just can't.

I just really can't all right - oh my goodness, all right so we'll go and take a look at scns here. I know hella hella trolls hella trolls. They don't like it for some reason: they don't uh they they don't like me, um. So yeah.

Sorry, i'm like trying to get my brain back working here, uh so with scns the um, the way that we would go about looking at scns this morning. I think scns is strong, so i think this does have a good chance of moving higher. I know that the top of the market we currently hit yeah - that's annoying yeah, so i know that the um the market right now on scns hit resistance. So i think it's the four-hour chart or did i do that wrong? Maybe that's weird.

Today i could have swore i did this already and i found out we were on resist. Oh, we were duh idiot, so yeah. If you look at the 408 price here, so we go to the price of 408 on scns you'll come to find that um. That's the top of the market right here kind of 408 417..

So my assumption was that the market was going to pull back on scns to start the day. We have a slight support here on the day at 383. So if the market on scns is going to continue moving to the upside in the immediate, then it should not be breaking down below 383. If the market starts to break below 383 here on scns, then you're probably going to see a little bit more of bearish trading, which then we might suggest takes you down to 3.49 for the day, which would be a big drop.

It really would so again if this is truly going to top and be bearish. We should break down 383 and then see a bear swing to about 348 or yeah 348. If we were really unlucky, we could see it swing all the way down to 322, but i don't think that's gon na happen. So if the stock's meant to be bullish, we should stay over like the 383.

If it's meant to be bearish, we're supposed to break the 383 and then the downswing can take you as low as 350ish um give me one. Second sorry: my computer is just kind of being slow, um, yeah justin. I will put um i'll put a link to uh if you come back to this video later today, give me a couple minutes or whatnot after i log off i'll post a discount link uh to the elites program in the description of this video. So if you come back, maybe like 20 minutes or something just look in the description, i'll put the elites coupon code link as the first link in the description of this video, all right um.

So now, if oh also, if the i didn't mention this, if the market is long on scns and it actually does go up and break out, it has to get over and stay over the 408 price, okay and once it gets over the 408 price. You would then target up to 445 you'll have to deal with the resistance at 445. But then, if you get through that, then you can start targeting up to like the 475s five dollars, et cetera, et cetera, et cetera um, and if the stock is really pumping up, then in the future, you'll see prices of like seven bucks right. If this is a true ripper, then it would go for a three dev move and it would put you all the way up at like eight bucks, but again that's a far prediction for right now: there's a lot of work and a lot of levels that would Have to get through to even do that.

This doesn't look like a stock. This is gon na rip instantly. It's probably gon na be a slower grinder, but anyways. I think it overall still looks pretty decent all right, um.

The last thing that we'll talk on i got two minutes, probably less than that is. We will look at amc, look at amc once more here, uh, okay. So to me, i do think that the market's gon na try to bounce this long. Today i got ta say um.

A portion of me just feels the amc market's gon na try to swing this one long um. Despite what i may think, it doesn't really matter because the price level that has to be broken, exceeded and held for it to be a good long exists at 45.61. So it doesn't really matter what i think what kind of bias i have. I know if we're not over 45 59.

This isn't. There is no breaking move right. If we're not over that level successfully, there isn't a breaking move. It's just there isn't! Okay, so we've got to be over that, so we're currently below resistance.

We've sold off resistance. Um so yeah, if, if you're thinking or want to be optimistic on the long, then you'd be buying this trying to get you back over 45.50 for the time being. Now, if you get over 45.50 - and this thing really starts - jumping back up, you're gon na have a price target of 51. and then you'll see resistance at 51., so um in the off chance, we're really lucky with amc and it breaks 45.50.

You couldn't see a jump all the way back to the 51s 50 72 price, but that's about as optimistic as you can probably be for right now, uh with the way this is set up all right, um, that's that's pretty much it for amc right now. That's your key level. 45.50. Remember, we already went to it kind of broke it a little bit sold back under rejected it sold away from it.

So currently the bears are in control and they're. Trying to move the market down and the bulls need to be strong enough to basically buy every single dip and start forcing short sellers or anybody bearish back up and over 45.50 for right now, all right, ladies and gentlemen, it's 901. This is where i got a run. I do appreciate you guys tuning in, as always, if the 500 of you guys could do me a favor.

Just take your second to click, the like button. It dramatically helps the stream and all the future streams going forward and greatly helps. My channel also increases my income, so i can continue doing videos like this and the things i'd love to do so. I really appreciate that and i'll see you guys on the next video which i do believe will be later this afternoon.

So if you guys want to tune back in around it's friday, i have somebody coming over to train my dog. I think i think i did that so we'll probably look to be back on around 12 o'clock to 12 15. 12. 30 right in that area.

So pretty much the lunch time we'll be back online to do some market review, we'll take a look at amc again, we'll take a look at the stocks that move for the day and then we'll see if anything else is moving and just kind of hang out And have some fun so if you want to tune back in for that again right around lunchtime, so everybody take care, have a great rest of your day and i'll see you guys on the next stream.