All right. So here we are making our way through the week. Uh, yesterday we had a pretty solid day of trading. Uh, today.

So far, no trades for me. What's been hot this week has been, well, I guess reverse splits, but we also had a spack on what day was it? Tuesday So let's see. um yesterday I uploaded a couple of um Anatomy of a Trade episodes I can share those links uh here with you guys. let me grab them.

So I did an Anatomy of the Trade on Aurc. There were some people who were like I didn't understand. you know what you saw on that one. So um, Aurc here is the link: Aurc Anatomy of a Trade.

Okay, so there's that one coming in. Um, hang on, let me just post this. Okay, so Aurc Anatomy of a Trade right there. Uh, so that I posted yesterday and uh, then I did Abvc Anatomy of a Trade Abvc I finished up.

Uh, just a little over ten thousand. so there's that one for you as well. All right. so hopefully you found those helpful or interesting this morning.

Do we have anything that really, uh, looks fantastic? Well leaving Gappers Mnk. Well, also high level. Let's look at the overall. Market Guys this is.

you know this is impressive. So we're at 458 on the S P all-time high is 468. this has been I mean these six months here I mean you know it didn't January January was good but then February we kind of gave it back. So you know from basically mid-march it has just been really strong on the overall.

Market So as I mentioned yesterday, that's the overall. Market It's of course, led by some tech stocks. Um, you know that are, uh, moving higher Iwm the small cap Russell 2000 Index is lagging behind a bit. now.

We've of course seen some intermittent opportunities in small caps, especially with reverse splits special acquisition companies Chinese IPOs You know, so there have been some opportunities. It hasn't been the way it was, maybe during covet or whatever, but but things are picking back up so this is good to see. All right. So that's the overall.

Market Uh, mnk this one already up 73 this morning. so this is, you know, great to see. Very happy with that. Uh, personally.

I would wait for a clean five minute setup on it. I'm not gonna try to scalp one minute chart on a sub three dollar stock. that's sort of grinding. It's crowded.

If you look at the level two on it, you can see how stacked it is. It's big on the ask, it's been, you know, thick on the bit. It's just. it's a thick, thickly traded stock.

So the problem with this type of stock is if you try to grab you know a position you're not, you're probably not going to get 10 cents a share easily. It's not going to give those gains easily. Uh, it's just too crowded and it's just not trading that way. Uh, you know.

Of course, in contrast, something like Aurc aurc is more like at a range where with really big spreads, you know if it goes the way you think it's going to go, you could get a couple dollars a share. but the bigger spreads increase the risk and then you have something maybe like a Psqh with a five cent spread right here. You know that's that's a little bit more tolerable. In fact, that might even be more desirable because if that starts to squeeze up, you might be able to get 30 40 cents and you're risking maybe five to ten.

So that starts to feel like a better risk to reward ratio. Uh, the the first trade I took the other day on a URC was based on reading the tape. The chart itself didn't have a lot going on yet, but the stock had big spreads and then the spreads started to get Tighter and Tighter and Tighter and Tighter and as the spreads got tighter I felt like wow, I can get in this thing and I'm really not taking as much risk and the fact that the spreads are getting tighter told me that other people were bidding on the stock, other people wanted to buy it. So uh, anyway, so that you know, just just to say reiterate the importance of reading the tape.

So Mnk is the leading gapper. I'm not a big fan of it right now. A second leader CT CX This one is a SPAC merger. so it was a SPAC special acquisition company.

sort of did that pop, but then sold off hard 70 percent. Now it's bouncing up a little bit. Uh I Believe it's on short sale restriction. it is.

Uh, the spreads on this one are like three cents. right now. two cents. It's easy to borrow.

you can see that green E right there. but CB means some short sale restriction so it's kind of a funny combination. Uh, I'm gonna leave that one alone for right now. Tupperware I'm not going to try to trade that one.

It's got a 38 million share float. does have room up to the 200 moving average, but leaving that alone. F-e-m-y cheap at 52 cents. Ulbi this one I looked at as well I Believe it's also easy to borrow.

It is easy to borrow right there. 14 15 spread, 20 cent spread. Nothing crazy, but uh, easy to borrow is a little a little surprising considering it's a less than 10 million share float. So why are the market makers or the clearing firms making that easy to borrow? I don't know.

makes me makes me wonder CLS uh popped up pulled back Lpcn? by the way, those you guys tuning in on YouTube for the morning show? Have you guys been enjoying the morning show? So brought the morning show back during our anniversary sale in uh end of May June and have kept kept it going here. Um, we took the spring off but you know I I Want to be able to give you guys some content? Obviously we have our students at Daytrade Dash and Warrior trading that are paying subscribers so I have to give them priority but giving you guys uh, sort of a 30 minute watch list and sometimes some live trading I hope you find it valuable if you do. Hitting the thumbs up is much appreciated. So thank you guys for being here.

So yeah Lpcn I don't see much on that right now. CLS Tupperware S P 500 Again, just great to see that we got all the way up to 459.50 about 19 minutes to the opening bell. Psqh: you can see this one popped up here, but then higher volume on the red candles. so higher volume red candles as it came back down.

It's a little disappointing. Aurc sometimes with these you get that first move up a pullback and then usually at some point you get a second day you can look at Edtx. this one had the first move pulled back, then it had another move right here and then it kind of went crazy and that's what I guess caught the attention The Exchange because they halted it I think this day that it went crazy I had no news so they're like why is this thing going from 20 to 80 bucks with no news but um in any case, Psqh: this one on the daily I Feel like you could get a nice big green candle in here somewhere? Maybe it's not today, but you could look at Pwm big move up, pull back and then two nice big green days right? So you kind of want to keep these ones on watch because you never know when you might get a uh well I don't know if sometimes it's a dead cat bounce in P for Psqh, maybe that is a dead cat bounce. For others, it's uh, more of a first candle to make a new high.

Hey Jonathan thank you. Okay let's see, well if we sort by volume M and K is sort of stealing the show right now, then the rest of them are kind of light are on volume. So Mnk has got the most volume, but as I said, it sort of indicated it's not one that I really think it's within my strategy very well. It's important to know what you trade the best.

So Mnk. Well so you've got these nice three big green candles, Then it starts to pull back and then it surges a little higher on this funny candle which was in this one minute area here and then it pulls back. Right now you've got a low of about 216. it does feel like if this broke over I don't know, you know 225 230 it would be starting to head back up.

You've got about 20 seconds left on this five minute candle with a high of 24. However, I I Don't love that sort of false retest to the high here because it creates kind of a lopsided chart. and I I Don't know. There's something about that that doesn't feel quite right to me.

So for right now, I'm not sure if it was a picture-perfect setup. you know? I I would probably say all right. let's just let's just take the take the risk, but it's it's not. Picture Perfect right now.

All right. Is there anything, um that I may be missing that? You guys like Ctcs octcx Okay, sorry, yup, Yup. Yup. yeah yeah.

I saw that one Now it's breaking below V web right now that doesn't look so great. Yeah I kind of like Psqh I like the idea of it, but I don't like that these two candles are higher volume. On the selling crossed, it's 200, but the 200 on the five minute. uh, that's not the most used indicator.

So our high on Psqh is 1384.. let's see if that comes up a little higher. Lpcn I Looked at that. What did I not like about Lpcn? It's below V-wap as well right now.

Again, if these like squeeze through V-wap all of a sudden, that can change change things like we did. You saw that yesterday on Abvc I think it was, but where it is right now? Yeah, Psqh has been relatively light volume sort of the whole time. Lpcn looks like a head and shoulders pattern Tupperware I've seen it I Well check the float on it. it's 38 million shares, a little bit higher I Just don't think that that's going to be one that we're going to get anything exciting on.

Yesterday's high on Psqh was 1476. So I just bought their 1500 shares on Psqh if you noticed. All of a sudden the spreads tightened up. so now I'm gonna watch to see if it can break through 13.50 My average is 13.41.

if we break through 13.50 then we're looking for a retest of 1384. So watching up here added at 13.50 added smaller size. There's 1374 now putting a new order at 13.84 for a squeeze up to 14.. So this one, you know it's not bad watching this area.

If we can break through 1384, then we're looking for a move up to 14 a share. So watching over 1375 pretty high volume on the screen candle. so let's see if this wants to break through 1384. 55 on the ask there.

No. I'm flat on it at 30 32 dollars. whatever. So that's a break.

Even Trade gave it a chance. but I put an order on the bid to buy the dip off 13. spreads tightening up I like bought bought down there at 1302. So buying this dip there's 13 21 on the ask.

Let's see if it retests 13 25 1350. So my average is 1302. there's 13 17 on the ask 100 bucks. Whatever.

Small winner, higher volumes on a green candle though. so at least there's that this kind of the Moment of Truth on this. it came up to 1374. and it needed to squeeze through new highs and it didn't I would still keep it on watch today.

Right now, you've got a pattern that over 1384, 1385, we could still get a nice big green Candle on the daily. Maybe that doesn't happen today, but it could happen I'm looking at uh, sort of this pattern here. the sell-off and then that green candle. foreign I put an order on the bid at 1302 when it sold off I was trying to buy support at 13.

that wasn't a hotkey, that was a manual. Uh. entering the spreads. tightening up to 1330 by 1333 on Psqh is why I pressed the buy button because I was only risking about three cents a share.

So with about six minutes to the opening bell, Mnk is still the leading gapper. but I'm not that interested in it. Foreign K can break over 240, you know I could take a scalp on it, but the top of the Gap is at 244. So it has this gap on the daily chart.

So I think the game plan today is going to be to watch the high day Moma scanners obviously uh, preferences on spax reverse splits. Those have been sort of the best recently and something like Psqh will still be on watch. There's a couple others that have been strong like it, so you know, keep those charts on watch in case we get a break. Maybe a little choppy at first, but if they start to pull away and it becomes obvious and we get that first green Candle on the daily, that could give us a nice move.

So that's the game plan here. With about three and a half minutes the opening bell reminder for those tuning in. As always, trading is risky. My results aren't typical and there's no guarantee you'll find success whether you're trading your own.

You'll learn from me, so take it slow, manage your risk, practice in a simulator and don't try to blindly follow me or anyone else. I'll see you guys back here first thing tomorrow morning.