Well well, well welcome back to your pre-market watches, ladies and gentlemen, how's everybody doing how's everybody doing today. So it's pretty straightforward! We're going to be covering amc, we're going to take a look at apre! That's a penny stock this morning, maybe even spi so on so forth, but we got a handful of a couple things to review today and, of course, towards the end, we'll take the last 10, maybe 15 minutes or so, and we're gon na run through any of The stocks that you guys have questions about, so you can always feel free to type a ticker out put it in the chat and then, of course, as i get around to it, uh we'll we'll review that all right. So first thing we're going to do here. Um is wait: a sec, we're gon na wait a sec, let a little more people get into the stream before we really start jumping into things.

Good morning, mr og yolo, patrick hutchinson good morning good morning touch the sky, tyler copp michael sheehan, mmm. That's a tough one! That's a tough one! Rainia rainia! It's good enough for me! Vanessa! That's another hard one! Argh havon doug! That's easy! I like that alrighty. So we'll start here with amc, so amc again, pretty straightforward, um the same levels that we're looking at yesterday are the same levels: we're looking at today. So these two lines that you see on my chart, this little gap that i've created from 58.39 to 57.92.

That is your current support in the amc market right now so you'll see when we zoom in on this time frame you'll see this blue line. That's why we put the red line there all right and then we go to the daily chart. You will see you have this beige line, which maybe i need it doesn't matter anyways. You have this line here and so uh.

This is the current support for the market. All right and you can see - we've sold down into it and what's happening, we're starting to kind of bounce we're starting to get bought up all right. So this is your current support in the market, and this is exactly the price points that need to hold for amc to continue up in the immediate, or else we can start coming down and or rolling over okay. Now, if you look at amc over the course of the past couple days, arguably it might be trying to do a head and shoulders formation play which is like this.

Okay up well hold on up, and then we came down and then we kind of bounced and now we're heading this way and arguably we might snap through support and bring it slower. It's kind of an awkward looking head and shoulder. So i wouldn't put too much uh emphasis on it, but nonetheless the support levels that oh i deleted, those drawings, that's a bummer, that's a bummer! So i was thinking we were going to see a bearish attempt. Today.

I thought the market was going to try to go bearish, given the way that we've traded from yesterday into this morning and then the fact that we've kind of been testing these support levels for the past couple days. So it just wouldn't surprise me if we get sort of a relief day off this move and the market does end up coming down some, so you can see right now. The market is slightly. This levels actually should be a little lower.

I think it's down to like right here: okay, that's correct and then this one yeah, okay, so anyways! Those are your support levels right now for amc once those give way. That's where you could see a bearish move start to sweep down on the stock amc this morning, alrighty um, so i know that there are going to be some numbers coming out today, um yeah. I think overall pretty much. I think everyone should expect now that the market we we're gon na be soon to be raising interest rates and um.

The federal reserve is going to stop their bond purchases right. So this is something that the mainstream media, bigger name. People are starting to discuss so they're, starting to put the word out there into the mainstream about you know the fed tapering off reducing its balance sheet, slowing their bond purchases talks of raising interest rates, so on so forth, and you know for years. Basically, the assumption that i've had - and i think many have had - is the day that the market kind of stops - this crazy run is going to be the day that the federal reserve stops its qe.

So pretty much we've been going through qe, since the obama era. 2008 financial crisis, pretty much since then, we've been on pretty much a steroid market where we've been putting artificial money into the market, buying bonds and qe. And so i think the assumption has always been the day that the federal reserve starts to stop that and try to reverse its balance sheet is the day the market's gon na crash, and so ironically, we've been hearing way more of this recently and um so yeah. I think that anything related to higher inflation numbers can shock the market negatively.

Is it enough to bring the market down? No, not necessarily, i think, that's going to have to do with the fed tapering its balance sheet, removing um sorry lowering its balance sheet personally good morning good morning, alrighty. So that's pretty much it for amc. There isn't really any bit more to talk about. Yes, you could say the outstanding shares are risks.

The float is this options are expiring next week, 40 call strikes in the money gamma squeeze coming, then short squeeze coming like yes, that is all that is all true um. In the immediate, though, this is your support level. So, unless you hold this level, you should see bearish moves on the stock amc for now. Okay, how can you contact me offline? I guess you really can't, because everything i do is online, but an easy way to contact me is through our chat room which you can get to by the links in the description of this video or this stream all right.

So we're going to go over to apre, so we'll take a look at this, so this was a stock that we traded this morning, um in our premium group um, so the trade on this today i don't remember the exact entries, because there was quite a few Of them, but um, ideally, oh yeah started buying this red candle so which way is it going to point? Oh there you go so that kind of looks like i don't know. But anyways you see a little green arrow, that's trash. It doesn't look good. We started buying on this green arrow, these green arrows and then pretty much into this move, expecting that the move was going to break out and our target price for the breakout this morning on apre was this red line so when we were buying into, if you Want to call it this bull flag, this pullback this first pullback, whatever um when we were buying into here our expected move and target price of the breakout or the run was going to be up to a target of 7.36.

We only got to a high of 728 um, which yeah i mean. That's, that's fine. It's not a big deal. I mean you pretty much got there um so again as a refresher entry was like starting in that area and then exit full exit was here, but also took some off along the way so broke out, sold some locked in money sold some and then, as it Got to this high made to close out the full entire long position um so for now i think apre is done and i'll show you why before i was like this might keep moving.

But so the reason i think apre is done is because we've already hit resistance, so if i may, if we go to this 180 day four hour time frame, you see this yellow trend line right here. That's exactly how we come up with that 736 price target. So this morning, when the market was trading all the way down here we went to the four hour chart and said you know this still realistically has a lot of room up to its next long-term trending target, so that's most likely where the market was trying to Get to in the first place, so we had just assumed that this was where the market was expected to go to today, or it was trying to go to. So when we were down here in this pullback, we still had a lot of room up to that point where we figured this would just keep breaking out and then also the market was easy to borrow on light speed.

So my platform, you were easy to borrow, so you could easily short the stock and uh on um td ameritrade you were, it was easy to borrow, so you could easily short the stock. So with all that included, you know it's. There is a low barrier for entry on selling the stock short today, which many times can lead to the stock continuing higher as people short it, and then other people buy it long and squeeze the shorts. So i figured this was one that would continue up so for now i think apre is done.

I think it's going to trade kind of awkward to bearish um, but if this is going to make a really big move on the day - and you know end up being something significantly better, then it's going to have to get through the price of 7.32. So pretty much, this is a pre-market high breakout play because the pre-market high is basically the long-term resistance and the long-term resistance is the reason that the pre-market high was created here. So for this to amount to anything more, it's got to grind back up and get over the this pre-market high, which arguably, i think, is kind of doable only because it's easy to borrow on think or swim and it's easy to borrow on light speed. So i know there's a low barrier for entry today on people trying to sell this stock short, and with that being said, this this makes me think we can see more long bias movement on it, but in the immediate we're kind of bearish trading.

Okay, generally speaking, whenever i'm buying into something i'm always doing limit orders trying my best to get in sometimes i'll do a market order. Um, yes, ron, rania yep, i'm still long mnmd it's rolled over today. Unfortunately, so let's talk about this one um nope mnmd. So if you'll notice last night after hours, you can see the market squeezed all the way to 405, and this is pretty much the breakout level that we had mentioned for the past couple days.

You can see we ran up to trend here. It rejected overnight yesterday or well. Yesterday it came down and then it squeezed back up after hours yesterday, look at exactly where the candle went to it went to 405.. So we know 100 that this is the breakout level.

There's no doubt about it because of how well the market has ran up to it, went away for him pushed back up to it, went away from it pushed back up to it went away from it. So we know that that is where sellers are currently located. In the market so that when and if we shift through um four dollars, four or five, four ten - that's where a bigger jump is going to happen. But for now we're in a pullback we'd have to have the market get bought all the way back up to 405 to even consider a breakout play so for the time being, just kind of neutral and sitting um and i'm okay with this not working immediately, because You know, there's people close to me that i said that have had that have fixed depression issues and mental health issues with um um hallucinogens psychedelics.

If you want to call it so i've seen it firsthand multiple times right. So this is a company that i bought. I was hoping it would break out right away there. It hasn't, but i mean this is a company that i bought that so far, i've already seen things that they're doing working in real life better than major pharmaceutical drugs are so like.

You know to me it's like if, if someone came out yesterday, it was like we have cars that run on water. What the? What do you think is going to happen to ford hell? What do you think is going to happen to tesla right? You know like, like that's what i'm saying it's like i've, seen it firsthand. This has the potential to disrupt big pharmaceutical significantly. So you know that's just one of those things where it's like you've seen it firsthand.

So you you have a different approach to it. So this to me can be a long-term investment myself, but anything that has to do with psychedelics in the future. Helping mental health to me is uh, it's it's, it's big and even even kevin o'leary, not that kevin o'leary me. But again you know um even he's been i've seen some ads recently with him talking about it.

So it's like it's out there big money's talking about it. I don't think it's much of a secret anymore. I've seen it firsthand multiple times pure depression. So you know we'll see it doesn't matter what i think and what you know.

I believe we still have to get through four dollars and five cents for this thing to pop anyways right number, one pick for a long move today, um. I guess i don't really have one for now: um, it started with apre and then that finished so that one's kind of dutted out um. We can check this. I don't think this is going to be one.

Spi was another penny stock. Today i actually lost 600 bucks on this because i bought this dip and then sold this drop thinking that we weren't going to break out and sure enough we did my target was this red line. So when i was buying down here, i was targeting to that red line and then i closed it and didn't catch a move and basically lost money like a jackass today. So that was cool.

So i don't think spi is going to give you a move and the reason being again, if we look at this time frame here this four hour time frame, we've already ran into resistance this morning and pulled back. So it's like breakout levels pretty far away on spi for the time being um, and then we haven't really seen. I haven't seen anything over the past couple days. That's set up and nothing on my scanners right now are pointing towards anything super significant.

You see so many lines in your graph. Do you have any videos? You know what the funny thing is: uh yeah we have. We have videos, we just got to go back to our channel um, but yeah. We definitely have videos that cover all this.

For the most part, but the the funny thing about the lines, though you know there's so many of them, but at the end of the day, they're all the same thing they have a different meaning, but at the end of the day, they're really all the same Things, support and resistance above above is resistance below is support, and it's really just a standard deviation graph, but yeah. We definitely have videos on it. You would probably do awesome trading the market while tripping on acid, so i think you should give it a go. I think you should give it a go.

You'll see the world in ways you never could before alrighty. So let's take a look here at the stock clove, because why not so clove we actually traded long. Yesterday, this pullback, we bought this long expecting a target of 15.50. So yesterday a trade for us was just a little trade in this pullback bought it and then sold the break out as we neared the target on the day for uh the 1550s debated going short.

Never did that um so with clove, i'm just bearish. I think we're just going to keep going down so basically expecting a gap. Fill price targets - 12 27 for right now, um so clove, again down when clove was trading at 28 we mentioned it was going to go down, and we mentioned if you had averages up at like 24, pretty much we mentioned if you had an average above, like 17 to 18 dollars, you were gon na go red uh by holding so for now we still expect close, probably gon na go a little lower. Okay, uh s, e n s! Sure let's take a gander, so you will remember from yesterday in the past couple days.

We did mention, as we got to the one deviation price. You did hit some resistance and, as scns swung downwards, you would probably see a price move down to this red zone. So the objective, i think, was to see the market pulling back to this zone and then this is where people were going to start, maybe trying to buy the dip on this again. So i expect s e n s is going to try and go a little lower.

So i'm expecting we see scns continuing lower down to the price target of about 331 for right now. I still think we're going to see a little more bearish movement to the downside on scns takes us down to about 330s ish 9 moving average before we start to see another attempt at people dip buying this. Oh! No, i'm sorry to hear that mister! I don't! Mr orbit, to you, mr orbit, to you, there is nothing worse than sliding down a long pole like clove with no lube, i mean it's, it's not a good feeling. No, no! No! I feel for you, brother, i feel for you mm-hmm.

I got some olive oil in my kitchen. I could send you if you need some just trying to help a brother out, you know could be expired, but i think i'll still do the trick. Mark mr mark rose, mark rose, scns is you said, trying to hold 350 and if it doesn't, it will see. You can see 330.

100 correct you're, not wrong about that you're right. If the price were to hold 350, we wouldn't see 330, and if we broke 350, then we probably would see 330, but the better way of thinking about this is 350 is not the support. Well, not not entirely. The better way of thinking of it is that this trend line down here is the support, so the market is more likely to gravitate to that.

So yes, if it breaks 350, we would probably see 330.. So if you just naturally think the market's supposed to go to 330, then you'll start putting yourself more in the mindset that 350 probably will break and then you'll stop saying well, if 350 holds then we're good, and then you start, you know maybe buying around there And it breaks, but you know nonetheless, you know markets naturally gravitate to these trends and those are typically the support. So realistically, the way i think it's set up is that wait hold on. Why is it? Oh, that's why gotcha so the way this is actually kind of working is that current market resistance within, like the immediate immediate, is around 360..

So the market yesterday needed to hold around 360.. So you can see we bounced tried to bounce. We dipped below got bought up back over, came back down to 360s held held held broke through this morning. So reality is.

We already broke a small support, so unless we can actually get back over 360 and sustain over 360 supports already broken, and we should expect price trades down to the 330s. Do you think dkng will move again today but again mark nothing wrong with your analysis. You're. Absolutely correct the market's kind of sustaining 350, and once that gives, i think, that's where yeah that momentum is going to start really kind of picking up downwards.

Can you look at why? Why for a swing um any idea on amc so again my thoughts, then again, you know, could be wrong. No they're right! I was right uh. My thoughts were. Amc was going to trade downwards, a little bearishly um as we broke the support here on the day.

So i would say that most people probably were looking at say like these previous lows as support saying this is support which isn't wrong. You know i mean yeah like that kind of is support, but in reality support was right here today. That's where support was at and that just kind of broke so now we're kind of on to a bearish swing and we're really only bullish until the market either magically comes back up and holds above these levels or the market swings all the way down to our Next support level right, so support levels can break, and then the market come back up and over it, and it's like like that's what i mean is the support, can break and not go too much further to the downside, the previous low. So, by targeting down to that level, um right around 53, we would be anticipating the markets going to come through and break these previous dip levels, which again might be pretty hard to do um.

But nonetheless, i would be slightly bearish on amc until it's either recovering back over this level, all right 8.57. You know it's funny when the feed drops, because really the feed should not drop right like there's, there's really no reason for the feed to drop and i'll explain why um - and this is why the speed. This is why my stream should not drop. This is my internet speed, guys on.

Let's get it going, maybe there's no upload, maybe that's the problem, which is ironic because i have a thousand upload. So do we just not work anymore, that's cool! So maybe my feed should have dropped. Clearly, i'm an idiot but that's gross, so that doesn't make any sense. Let's check this out.

Yeah would definitely be upload, but we should be weird, nothing, that's what it looks like it looks like someone's, really just trying to uh trying to screw my internet up here. Kind of hammers down why? Well, i guess we don't have internet none at all. Apparently so i don't know what i'm paying for that's good, that's cool! That's great! So try to look like a boss, but it'll look like a jackass, so there we have it. But again um this happens, but again it's funny because this happens almost every single day magically, but i'm also connected via hard line and it's fiber insert and the internet is right there.

So, like you, i literally have as fast a connection as you could possibly pretty much have, but somehow it drops out like a baoz all right um. So that's pretty much where we're gon na end. Today's stream there's really not a whole lot more to talk about um, so apre, look at that, ladies and gentlemen, look at where we're going. Look at that the market is pushing back to the price target.

Okay, so again, like we said, the only way, apre moves higher is a breakout through 740. right now this is well, it was the resistance. This is a second attempt on resistance, so nonetheless, we're still going to be keeping apre on watch. Um yeah like this is this is most likely our number one watch candidate for the day, all righty um.

So with that being said, ladies and gentlemen, everybody have a good rest of your day. I will not be on streaming later today because i will be busy but thursday. I will be streaming a little bit in the afternoon and then friday. I will also be streaming in the afternoon before you head out.

You have to make sure to hit the thumbs up button, but also before you head out there's another update next week, monday and tuesday. I will not be online monday in the morning or in the afternoon, as i will be out of town and traveling and won't be able to be online but next week, but then i won't be on wednesday. So you pretty much won't see me until next week, thursday or friday, given the way my schedule uh is set up. Okay, so with that being said, i will see you guys tomorrow.