Hey everybody how's it going welcome to small cab recap. You actually can't see me today. I don't have a camera with me, i'm back home um. So today's small cap recap is gon na be pretty short because i didn't do a whole lot today.

Um still a nice little green day, but again don't have a camera um, so i'm just gon na get literally right into it. Uh and again not a ton of action from me today, trading wise uh, i would say the one of the better movers today was s-i-g-a, where this daily chart just beautiful, beautiful and actually it does it's not even showing it. So let me just go to the multi-day here we'll go to like a 10-day 15-minute um. It was a really crazy bounce today, though, that was kind of the the beauty of it here right.

So this, let's turn off after hours too uh, because that had a lot of after hours movement. This looks like a cup and handle 280 right 2at a really impressive bounce. Today i mean just complete squeeze out up here and then we had this consolidation. Ideally, we can almost get like a gap down tuesday morning because remember the market is closed monday for memorial day.

Ideally a small gap down right, a small gap down like 13 to trap some more shorts to really get that trap in and then some really crazy. Continuation, i think, there's potential. You know for a breakout of that 15 and then getting into the i mean potentially into the 20s, which would be fantastic again, a little bit of a larger float um, but not unbearably large right. It's not a massive massive company, but we're over it.

You know we're getting an overextended spot here, so we need to keep that volume coming in. In my opinion, um being held like holding up near highs again, i want that slight gap down just so. We can trap some more shorts uh. Then there was also advl today or avdl uh avdl, another pretty crazy move today, after basically gapping down to lows, uh right right before market closed on uh on today's friday.

So, on thursday, yesterday uh just basically a exhaustion, exhaustion, exhaustion, yeah, that's right, an exhaustion, bounce um, where you had this big gap down, and then you had this gap up again a lot of volume there. So you had that just completely exhausted, move from the you know longs are basically done right. If you were long this, you probably sold this gap down and then you get the gap up and you get the chasers. You do have the gap fill potential to three here, so it'll be an interesting watch.

That being said, it's a slightly higher float for the price, given the price of the stock uh, it didn't even rotate once today, but it was still a really impressive move. Nonetheless, uh it's just, i think it's gon na be a tough one to keep moving. Let's get that two day on here, real quick. So we had this big gap up uh and then just that real nice continuation.

It got really choppy after it was done, making its move, so it did get a bit tougher uh, but those are those are the main movers of today i personally traded upstart today of all things um, basically just to bounce short, once we got this higher low Here, look at about one minute: once we get this higher low after breaking 50 um, i attacked here and just scalped it down uh down to here and then reattached here on this higher low or lower high lower high there i mean not high or low so Lower high covered down here that support break and then same thing here, got short uh and then covered um. Oh, i covered half here at like 48.70 re-shorted this pop and then covered all uh, 48, 30, 48, 35, or something like that. So it was a nice trade. It was a really nice trade um.

I did get chopped up in here on the long side because we had that kind of abcd pattern uh, but it just didn't get as much follow through, as i wanted so like. I said good good day, pretty easy trades. Just again, the the it was up 17 up a lot over the past few days here up about a hundred percent since lowe's here. So it was for me again a large large company overextended that bounced short into resistance here, uh and then bgxx is actually my top watch for next week, and surprisingly, it's actually short, i think under 560 we can get if it's a pump and dump like.

I had mentioned a while back if this is a pump and dump, if i'm right on that uh and it seems to be so far, i think that 560 break is going to just crush any dip buyers that got in early and we've just been. You know it was it didn't it wasn't able to re-break that 14-25 high. It's just been down trending down turning down trending, i'm hoping for a first green day, uh that it will offer a better risk level uh and a more trap, a little bit more longs. It is due for a bounce.

I will be watching it long for a first green day, but i wouldn't be surprised if that first green day, actually faked out and then went uh and then fell through so again. For me, i'm looking for that 560 break. We had a lot a lot of volume coming in here trapped some people, i mean we're under we're, basically down there right anything under or over uh seven dollars. I'm going to assume there are a lot of long snares, sure they're, probably shorts, covering too i'm not doubting that a lot of short covering from the previous you know massive run that it had anyone who was getting shortened.

There made a lot of money uh on that fall, but any dip buyers from literally anywhere, but especially this 560 area, this five seven to eight dollar area - that's getting along, i think they're just screwed, so i'm looking for that break under there, for you know continuation There now, of course, you have no support, so i'd be looking for three to four. I think it'd be kind of realistic, uh kind of look for a panic uh. You know maybe a halt down and then cover out of the halt, or maybe let it try to re-haul one more time to the downside, but that's the short i'm looking for. So it would be really nice, though, if this could have a first green day first, because it's been down from you, know 14 down to six in the past three days.

Well, you know 13, 12, 40, whatever called 13 down to six, so down 50 percent. Three days after having a really nice recovery day, so first green day would be nice. It would be really annoying if that first green day came after breaking 560 and then you know instantaneously ripping back up but anything's possible. It basically did this here right where it was red: 40 - oh, no, more.

It was red like 50 and then squeezed uh to be green, like 30 percent on the day or 20 or 30 percent. So this is a really tricky stock that much i do know. So i'm going to be careful with it, but i'm hoping a slight pop, maybe a gap down a pop-up to uh. I guess it really can't get down that far but slight.

If, if it's not getting a lot of momentum out of a pop, i would just short that pop uh, you know after a lower high, is set risking that high a day, that's kind of the plan i'd be going into it with, but ideally it can have A really strong first green day, maybe even a gap up right, like maybe a lot of volume on the gap up, there's so many different scenarios here, but i'm just looking for that break under 560 for new fresh lows where longs are trapped. Officially, they kind of have to cut unless you're invent investing in the company. So anyways, though that is my plan for this uh upstart could be actually a pretty nice short if we can get like in that 70s resistance, but that that would need much more bounce. On the spy on the q's, which the spy actually had a really beautiful continuation today, i mean it's uh breaking through that level of resistance.

Now you have that next, you know 430s test. So hopefully we can see 430s in the near future on the spy, but something tells me this is more just a bear market rally once again so far, um and you know we'll see where it goes from there. No real, i'm not going to sit here and try to predict what the market's going to do. That's for sure, but you know we we're down quite a bit from highs.

We were down quite a bit. Anyways we're down 100 points we're down 25 from highs. So you know what really you know where how much farther down can it go? I don't know i'm not going to sit here and try to pretend i know either i'm just going to kind of let it do its thing. But at some point i think we're going to see a red day on the spy here, wiping out some of these games.

So that's all that's all i can imagine, but who knows? Maybe it just goes straight up to 500 and breaks out that'd be pretty cool. They have a lot of momentum, so anyways guys. I know this is a shorter small cap recap, but i hope you guys had a very uh good week. Hope you guys stayed safe and, more importantly, i hope you guys have a great memorial day weekend.

We have that you know five day, five or five day uh three day weekend coming up here so enjoy your monday, get your studying and get that prep in and let's just hope we can get some more continuation on the overall market. So we can start getting some more momentum, anyways guys. Thank you for tuning in. I will see you back here next week.

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