Hey everyone, good morning, All right. So uh, we're gonna get started here. We've got about 30 minutes to the opening bell and I'm gonna go over the Gap scan. Same routine as always I Always sit down early pre-market and I begin to build a watch list based on the top gainers.

So today and I take a look at the overall Market uh. overall market right now is strong. We've had, um, a nice run here. so the Market's actually back to about um, the same level as April of 2022.

So we've made a very nice recovery off of the low way down there under 350. Back up here to 433 on the S P So overall Market is looking good. We have a nice rally here. We are going to approach an ascending resistance line so we're making some pull back there, but that's you know to be expected after a nice move up.

So overall Market is looking pretty good right now. It'll be interesting to see what happens in the coming. Um, well, really, in the next six months. The next six months will be really interesting because I think that'll tell us whether or not we're going to be rallying through new highs and fully recovered and sort of back into a another stretch of bull market.

or if we're going to be in a continued sideways oh, pattern. All right. So anyway, so that's a little commentary on the overall market. So leading gapper this morning leading Gainer is Fwbi up 139 percent.

This one has a pre-market high of 290. However, the Macd is crossed over against the trade It already had two nice, uh, kind of legs to the upside. There long period of consolidation. it broke out on high volume but now is pulled back again I Think the easiest trades on it are already done I Don't know if we're gonna get um more clean action I Think that's kind of to be determined at this point.

Let's see. um I just want to check something real quick. Okay, um so uh. and by the way for those tuning in on YouTube Today is the last day of our anniversary sale, last day of the anniversary sale and of course members.

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uh members. You can go into your dashboard and then under the renewal section you'll see, uh, the different renewal um, rates. but you can always email if you have questions. Okay, hey, Asher welcome, thank you! Okay, so it's about 905 here.

Yeah, Fwbi is kind of pulling back. it's not really that interesting. Silo Yep I Heard some people talking about that earlier. had a nice move up, but then pulled back and it's below volume weight average price.

So being below V web, that's not really my favorite position. I think I'm gonna leave that one alone for right now, but if you can get back above V Web 287 290 that'd be interesting. So I'll put the level two up on that one and keep that level on watch. It sort of feels like a number of these stocks today have.

certainly. Fwbi tremendous amount of volume uh, but feels very crowded, very thickly traded, congested. It's not opening up right here. It made a big move and now it's kind of going sideways.

So mgih, let's see this one's also below V Web needs to get back above. you know it could. The high here is 320. uh, that's a pivot that we'd want to see break and then we could look for a move back up towards 368.

But first it's got to get back over volume weight, average price. That's the first order business. and thank you to those you guys on YouTube who have tuned in and hit the thumbs up. Always appreciate that.

All right. So what are we working with here? Um, we've got Fwbi mgih both are kind of crowded looking sofo hmm too cheap I think Olb is too cheap vs is a little too cheap Cohn Um, this one had a big move back in 2021. I Remember trading that and doing really well on it. The volume on those days was also like really fantastic.

Just great volume. So but today, uh uh. I don't know. it sold off quite a bit actually.

3 35. Yeah, it's a pretty low price and then pre-market up to 475. Yeah I don't know I'm not sure about that. Epix sorry Ipx just jumped up the scan and it looks like that's kind of a false alert.

Popped up and coming back down when I see the arrow though. That's something that I I'll take a look at just to say whoa, what's going on? Maybe there's breaking news? I don't know if it doesn't seem like there's anything. Sometimes there's just like a scale quote. um I can pull up the level two on it.

So yeah, it's um, had some news at 8 10. A.M And you know, yeah, you can see right there. Obviously it popped up 893 to 950. So it's just a funny pattern because it's like just all of a sudden had a burst of a couple of orders way up there.

Technically it's a blue sky setup, but um, ascending resistance is going to be right around 10, which is kind of where it is, so no volume really. Right now though, I don't think it's going to be obvious enough. Yeah. I mean to a certain extent in in a bull market? Um, you know we see a lot of those types of stocks on light volume all of a sudden.

Next thing you know, they're up 60, 70, 80, 90, 100 percent and they just rip. So in a bull market there's a little bit more of jump in and then sort of assess it just to try to capture the volatility in a bear. Market There's a lot more of being conservative and just kind of waiting being patient. and sometimes that means buying higher because we're waiting until something's actually really proving itself.

But that's still safer than getting in, uh, too soon and ending up making a mistake, right? So that confirmation is is important and you pay a price for confirmation as you can see, Ipx right there is coming back up to the high. The volume is still light on it though, so that just went from eight all the way up to 13 almost 14. And now it's a blue sky setup. So maybe we are in a bull market I don't know the high there was uh, 14 a share but again, volume is like so right now this is our second leading gapper.

You've got a high of 1397. you know, obviously a certain point these are worth uh considering and taking seriously. if they're going to hold up, it's up 95. but the volume is light so I'd wait for it to sell off a little bit I Think and see how well it wants to hold.

We've got 12 on the bid with a big spread. Foreign Shares are available to borrow of ipx at light speed for about 5 cents a share. Well remember stock price. So someone's saying stock price is higher than Ford which doesn't make sense because they're making parts for it.

But and and I I Don't know the everything about this company, but just remember that there's a difference between the price and the market cap. So you could have a stock that has a really high price, but a very low market cap because there's not very many shares available. So Ford has sold a lot of shares onto the market, which gives them even at a lower price per share, a higher, much higher market capitalization, higher value? Yeah. I have history on it back to June of 2022.

so big topping tail candle, no trades on that one, it is. Blue Sky Though yeah, yeah, 10 000 shares would cost 500 bucks to borrow. That would be your borrow fee. No, but I mean borrowing.

Um, if you're gonna borrow to Short not borrowing on margin, There's no margin fee for intraday for day trading. But um, you do have borrow fees if you borrow shares to short it. A blue sky setup means it's at all-time highs. There's it's never been at a higher price, which, uh, it is at all-time highs.

The highest price it had ever been at prior to today was a little over nine dollars this day. here. back in, whatever it is, um, having a hard time getting my Mouse on it 937 on April 21st. that was the previous High all-time high.

So we've made a new high which you know, no resistance I but you can have ascending resistance as you do in this case, right? So, but still. Blue Sky is usually a strong setup, but it's stronger when it's correlated with strong news. Good liquidity. nice chart.

You know it's just another factor that we kind of weigh in. So yeah, so the market cap on the stock says 114 million dollars market cap on Ford just for the sake of arguments 55 billion and that's because the price is multiplied by the shares. All right, we've got about 13 minutes to the opening. Val ve I Don't really see anything for continuation.

All right. Well, looks like our day is going to be Fwbi I'll probably be in Focus but I don't find it that interesting ipx. Don't know if it's gonna be able to recover after that funny topping tail candle mgih I don't know I just tell us man. I Don't see anything that looks great I Want to see something that looks fantastic? Hey Daniel first ever one thousand dollar day.

Real money Nice! Thank you Ross for being such a great teacher and a positive influence. Congrats! Dan that's great He's a warrior Pro Student Good job. Keep it up! I Saw um Joseph actually said the same This is a very similar thing. yesterday.

it was his first one thousand dollar day. so that's great. Study, study, study. All right.

So we've got about 10 minutes the opening bell for those on YouTube Reminder: Today's the last day of our anniversary sale. All right. So we put together the Off the Charts Bundle for you guys that combines our, uh, most popular trading courses with the best trading tools that we've developed here at Warrior. So the Off the Charts Bundle includes Access to the Warrior Pro curriculum which is every class that I've taught.

plus class is taught by my warrior Pro graduates the Uh. so that's and that's a one-time membership fee that's part of this bundle. It's Warrior Pro Access Think of it as a as like a library card. All right.

So let's see. Um, all right. So Warrior Pro Uh and then as part of this bundle, we're giving you guys access to the following tools: You have access to our chat room, our ultra low latency streaming server so you can listen and watch me trade, access to chatting with verified profitable Traders which is pretty rare and awesome. So we've got million dollar, six, seven, eight figure traders that are part of this community that you get to chat with.

Um, you're going to have access to the scanners that I use every single day right here and you know you may not choose to trade everything that's on them but stocks like Ipx. We were looking at that when it was down at eight so that certainly gave us an opportunity. You have access to the charts. So our goal here at Warriors I Don't want to cost you anything I want to be saving you money by combining all the tools that you would have separately paid for in other places and spent more on combine them all in one place because a lot of you guys when you end up subscribing to multiple tools, you're paying Market data multiple times.

you know everyone has to charge you Market data. So we TR we pay Market data. we receive it, we pay it on your behalf. but then the more things we can do with that market data under the same subscription, the less expensive it is for you.

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Thank you! Okay, so let's see, we've got about eight minutes to the open. So how accurate are the Warrior charts in real time? So they are, uh, they are as accurate as any other chart because we, uh, pretty much everyone subscribes the same Market data vendors so we all pretty much get the same Market data. Um, Market data is Market data. The thing is, uh, we do something a little bit different which is we filter out stale quotes So the delayed prints we filter out so that's going to clean up the charts.

It's going to make them actually more accurate. So that's something that we do that not everybody does. um, but aside from that there they would be comparable to anything else. They are real time and we have a sub one minute time frame so you could do 10 second, 15 second, or 24 second charts if you'd like.

Okay, let's see. So yeah, I See Fwbi? You know it's just it's moving kind of slowly so get a high there of 94. but notice this is on lighter volume on this five minute candle and the five minute candle's got only a minute left. So we're coming to the end of this five minute candle.

Feels like I don't know I've been using my Starlink and I've been using my Hotspot. So right now I'm on my Hotspot with 5G and I'm able to trade and stream and it's pretty good. now. the reason I'm on the hot spot here is because I'm in the woods at this campsite I'm at and my Starlink needs open clear view of the sky.

There's too many obstructions so you know so, but that's fine I've got one and then and then the other course. when I was in Kansas and there wasn't a tree in sight I still had poor um service on my starlink and that was odd. Although I'll say Kansas has it. Kansas is a beautiful state.

It really is. Uh, I mean it's it's a really, really nice state. So I really did enjoy Kansas But um anyways, all right so Fwbi pre-market is up there at 94. All right, what am I looking for? Yeah, so the High: there was 94.

22 million shares of volume on Fwbi questions? Yeah, so they do have a shelf registration Fwbi. Then they have a history of reverse splits, which means they've struggled to keep their stock price above a dollar so that all kind of lines up for the possibility of seeing and offering sometime soon. Maybe Not today, Maybe not tomorrow, but it could be soon. All right.

So we've got two and a half minutes the opening bell. So um I Want to thank you guys who have tuned in on YouTube here for the morning show. Appreciate you guys being here. Looks like um, it's gonna be a little bit of a slow morning, but let's wait to see what Rises up from this pre-market session I'm gonna be looking for some momentum and I'll be trading for Warrior Pro students as always so make sure you guys check out the anniversary sale.

Uh, we brought back the morning show here for a limited run to celebrate our anniversary and I want to thank you guys for uh being part of that. So thank you as always and make sure you guys tune in. uh uh, let's see. uh oh sorry.

make sure you guys uh, check out the Um VIP newsletter. All right, we're gonna send a special invite uh to give you guys a chance to subscribe to the chat room in the Stream and be a premium member. So check that out and um I'll see you back here real soon. Reminder: As always, trading is risky.

My results aren't typical manager risk. Take it slow and I'll see you guys soon.