How's it going everybody trader bryce here with small cap recap. Today in the market was uh there we had quite a quite a drop, quite a nasty drop in the spy. All thanks to our friend xrt, which is the retail etf uh, essentially, for those that missed it, retail is not looking too hot, uh walmart came out in their most recent earnings and basically said like we're, probably not gon na, be making much money uh if any At all - and you know that, combined with the fact i think we talked about a couple weeks ago on the tui talk show, i can't remember if we talked about this in the markets. Uh, the housing market uh episode 34 of retailers, failed to pay rent in april um, basically not not good news right for retail this.

We know this right. This makes sense. It's part of a recession. It's part of these are very common facts.

Right, like i mean it's especially right now, um with with inflation right retail is not going, and i mean even walmart right, like groceries, they're not doing too well like you're going. The essentials are going to be what really like stays around, and even those are gon na be hard to afford for a lot of people. Gas is going back up. Uh crude oil prices.

You know they're going right back up. It's all part of inflation, all part of the recession and the market is not loving it. That being said, there were some good traits today and i'm actually even going to get into my top watch for tomorrow, which might shock you a little bit um. That being said, though, like let's, let's dig into the charts here uh here we go we'll start off with xrt the retail etf.

This essentially tracks retail shopping um. So today, quite a nasty drop. Eight point: three percent: this is not a leveraged dtf right. This is just the etf um for retail.

That fell eight point three percent today at one point down like ten percent um from closing. Yesterday, it's 68 uh going down to 62. yeah. It was down over 10 at one point today: tough, tough stuff.

We don't like to see it, but it's you know, part of a part of life, part of a bear market and the spy absolutely felt uh. You know those those impacts today, uh opening up well actually closing yesterday right uh over 408, getting up near real 410 at one point um after hours and just you know straight bleed from the get-go starting off that 406 falling all the way down to a low Of 390.55, so that is uh that that's tough stuff right i mean it's. It's we don't like to see it. The market was down four point.

Ah, four: twenty whew something to look forward to right, um down four percent. Today, uh, just you know it's man. It's tough, it's tough, but it is what it is and you got to just learn to embrace it right like learn during, i told you during the steady trade team, i'm really showing uh. You know everyone there, as well as small cap rockets, how to study during this time, because small caps are tough right now, i'm not gon na lie.

I'm not gon na sit here and be like. Oh, my gosh. Everything in small caps is so easy. Everything's running.

It's not, but this is the time to learn. This is the time like that is going to make you a good trader. This preparation, during you know, 2017 2018, when the small cap market was slow, is what turned me into a good trader for when it got hot in 2020, and i promise you we will have more hot markets, it's just a matter of when so, let's go to Afi we had a really nice first green day today right so we had this bounce, a really big run from about 20 cents. Up to you, know nearly 80.

uh and then today we just had a really nice first green day. Right, i mean this entry. This would have been my spot right in here where i'm getting in looking for that long. For that view out break, and you know even from there, you know it still went up another 14 cents.

You know a nice nice, 30, 40 percent runner from the spot. I would enter into it close the day up 60 or 54. You know at one point up probably closer to 60 or 70.. I'm not doing the math in my head there, but you know really: nice, first green day low float, uh afi, no there's still opportunity.

Dpsi was a very tough one, a very tough small cap today having a massive pre-market gap on very low volume that i was just bleeding out, and then it had a really crazy. You know morning going from you know: six dollars up to 13 up over 100 percent. Um really choppy all the way around, though right. So we had this halt up.

Basically, right out of the gates would have been a very tough one to catch, and then you had one more halt action before halting down and coming back down to your low a day, and then you had the curl background view up. This would have been way too risky for me to take, however um it did end up being nice. Those anyone that bought high a day still had a really nice trade from there that high day break with your risk. You know the problem is your risk.

Is so far down there, your risk is like 670s and you're, getting it like 860s, so risk reward wise. Not for me uh. That being said, if you got in on this dip here, you know you, you didn't lower your uh risk drastically. You got ta dip.

Your view up and then had a really nice push and again this just got really choppy, though, so we had this high a day to halt down to new high a day to just chop. Action then bleed out by the end of the day um, but it was still a really nice runner still finished the day up 58. I was up over. You know up over uh, i guess actually like 300 percent at one point.

If i'm looking that right closed or no not quite 300 up over 200 percent, uh up here so great opportunity there, regardless now tomorrow, my top watch is bg x, x, short for this first red day. It's an ipl uh from the other day and up from opened at 16 up hit 58. Today i actually had a nice little high a day, scalp through 39 up into the low 40s, but it was really risky pretty low volume, but i'm looking at it. For you know a first red day, and hopefully we get one, if not it's just kind of consolidating.

Couldn't wouldn't surprise me if it's a pump, you know these ipos. A lot of these ipo has been very pumpy lately, so it could keep going i'd love for it to keep going. Go to 100 go to 100. First tell the gap up um, but some cool opportunity there.

It is on the short side, though, so we'll see, fingers crossed um that we get something and it's a higher float technically for the higher market cap. So this is like it's like a. I don't know marijuana company or something but we'll see just keep an eye on it. Hopefully we can get a bounce on the spy.

You know other than that again just slower action overall, but i'm still studying i'm still getting my data in i'm still, i'm still doing all the steps that you need for to like really prepare for a hot market. So again, i'm saying this every time on small cap recap: if you are struggling right now, if you're not really knowing what to study, you find yourself over trading, guys hop into small cap rockets. There's a link down below that'll give you a trial, we're studying like i'm telling i'm going to i'm literally showing you the the ways that i studied during slower markets to prepare for the hot ones. That to me is like the most important part of a slow market.

It's not trading during it. It's not getting rich during it. In fact, it's really not even like watching the slow markets, because i don't care when the markets are so i don't want to be trading that i want to be watching what the hot stuff did previously uh. And so, if you find yourself like kind of struggling to really do that in a way that's going to make you a better trader check out the link down below for the trial like i don't, even if you don't like it, if it's not your style, that's Okay, but we're in there every day, still even during the slower market, studying getting better every single day so that we're ready to crush it when the hot market comes back around so guys, that's all i've got for today, i hope you're staying safe.

I hope that you are not over trading during this bloodbath of the market. Um and you know that's all we can do right now, so until then uh until next time, i'll i'm going to film tui talk, show tomorrow, so that'll be out friday and uh. You know i'm going to try to get a small cap recap in for friday as well, but we'll see either way i'll catch. You guys here next time have a great rest of your day, have a great um hump day, happy hump day and just keep staying safe later guys.

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