Foreign so let's see, we're coming to the top of the hour 9 A.M And so far you know kind of uh, you know Trucking along here. Small green days small green day yesterday. small green day here so far today. so leading gapper Iccm, we'll go over that in a second float.

Um, it's a 16 million share float volume is 2 million shares and it's squeezed up to 275 before rolling over and coming back down. So I'm kind of iffy on it. You can see the top of that candle there is 275 and it just came all the way back down so it really didn't hold up super well. which is you know I mean it's disappointing I thought um we had some news on it and I was like okay, this news sounds interesting, achieved significant Milestone and Medicare coverage of breast cancer procedures but um I don't know I guess that wasn't enough.

So anyways, we had that um, we had that move there on ICM which I jumped on I I Took the trade on a micro pullback at about 216 right after the news came out and that's when we got that squeeze there up to 275 but it didn't end up holding, ended up forming like a head and shoulders pattern and then coming back down so that was no good. Kind of a bummer, but that was my first trade. we had Hudi. this was another one.

so obviously you guys saw hudi yesterday. I mean it was like it was brutal. We had this crazy sell-off so it before so when the news came out, um it was a hundred and twenty five dollars a share and then news comes out of secondary offering. At 25, it drops pretty much immediately and it didn't even find support.

At 25, it kept going lower. But then this morning we got this little bounce here and I was kind of looking at it I was like hmm this looks interesting I saw it at like 16 after it popped up right here and I thought to myself I was like well so what is it what? what's the upside potential and I was looking at the high here of about 17. I was like well that's not a lot and the spread was like 50 cents and then I look back here where it bounced from like 15 up to 17 and it really didn't even bounce at all yesterday. I mean it sold off without bouncing pretty much all day yesterday.

So I was like um I don't know I'm not sure how much this has in it. so then I checked the availability of shares to borrow, up to the short side and there's shares to borrow and they're cheap. So I thought hmm okay so this might just be one of those stocks where the pops just get faded and then it goes up to 16. Um, let's see it goes up to 1650 by 16.

so you've got a 50 Cent spread so it's starting to open up and then you're going. Then it goes up to um 16, 5, 17, 50, 18 all the way up to 19. That was just like well I can't chase it up so I left it alone I didn't chase it and I ended up missing a move from 16 up to twenty dollars. All right, So that's a little annoying, but uh, you know it's just and this is kind of similar I had one last week.

um I can't remember which one it was but um, oh, it's Pkbo I think or maybe it was a different one I don't remember. In any case, it doesn't matter I had one that I was looking at and had totally the right idea. it was just a little I was just a little gun shy I didn't take the trade and ended up missing an opportunity. So you know all of that is a product of trading in a bear market and being a little bit more cautious is probably a good thing in this market.

If you get a little too aggressive I think you're going to find yourself um, you know, catching some good size losses and obviously we want to avoid that. So um, and for those, uh, tuning in, you may notice testing out, um, some of the charts that we've been working on. so uh, I this is all in a beta testing environment so hasn't been released for customers yet and it won't be for a little while. But I'm starting to work on giving my development team some feedback on how the charts are working so we're just starting to get things uh, dialed in.

I Promise you that we would be building out charts to be part of this day trade. Dash Platform: So all the members over at Daytrade Dash You guys will start to be able to benefit from these improvements that we've been making. And yes, you can go to Daytrade. Dash dot AI Or.com should redirect you.

Um, so yep, there you go. so it redirects you over to AI Uh, if you want to check out just the tools, this is just the tools. Now the charts aren't available yet, but you can. Um, you can certainly start using uh the platform as it currently exists with news and scans and chat and you can opt into my audio video broadcast and you'll know that charts are coming soon.

So overall market right now election day it's peaking just a little bit which is nice coming back up a little. but really overall Market doesn't make a huge difference when we're trading small caps. So the list today while iccm that one is is no good. I already went over that.

hims floats too high hems stim not much volume so probably not gonna be able to trade that one. T-w-o-u uh 7.60 57 million share flow stim 200 moving average right around there so it's coming up a little bit. but yeah, float's a little higher. volume's a little light so I'm not sure about that just now.

Let's see um and let me know if you guys see anything that I'm missing. Uh yeah I can turn the watermark on I'll do that a little bit later. So uh, let's see Viru. We have this ascending support line here.

Yesterday's high was like 16. I Think a problem I might have with it is that I don't think it's going to be obvious today because it's only gapping up three percent so it does look good I Just don't know. Being obvious feels important because otherwise, you know how. how's anyone gonna see it and given the floats a little bit higher on Viru? um, you know I'm just not sure if it's going to be noticeable to enough.

Traders Yeah, 64 million share of flow easy to borrow I don't know about that I'm gonna leave it alone for right now. I mean the chart looks decent, you know? but I just don't know if that's enough. that's the problem. Maybe it is.

but I'm not sure it's so we've got about 23 minutes the opening bell here. So easy to borrow. It's not necessarily that it's bad, it's that a stock that's easy to borrow initially when it first starts to pop up. will often have a lot of short sellers that will just hit it to the short side because it's easy to borrow and so you'll have beginner short sellers that um, you know that that go short against the trade, against the position.

So it's not until it goes up for like, the second or third leg that starts to squeeze out those beginner short sellers that they start to get more interesting. So I'm a little bit more hesitant jumping on a momentum stock that is easy to borrow when it's very early in the move, especially in a bearish market. Like what we're in right now. you know that's and again in in a in a bull market.

I'm going to be more aggressive and I'm not going to worry quite as much. Um, Bsfc? Yeah, so it was a spack, you know. Keep it on watch. Oh, you gotta pop back out.

So let me be looking at most likely this morning will be: um, technical setups: first and second pullbacks. Maybe we'll see ABCD patterns. Half dollar whole dollar setups Micro pullbacks Micro pullback would be totally fine if we have something that starts to squeeze up and move quickly. It's a maybe as to whether or not we we get that, but we'll see you did have some micro pullbacks on Hudi earlier.

Hey, good morning! thanks for tuning in So oh, let's see. Um let me check the schedule today for um Mentor sessions. So uh Warrior Pro members you've got uh Danny's class uh sorry Jess's class at 11 and then we've got Danny teaching starting at 12 noon and then large cap analysis with Mike at 2 pm. All right.

So that's your schedule for today. Uh, if you make 500 000 and lose 200 000, do you owe 500 000 on do you go tax on 500? Grand So you would get 10.99 from your broker at the end of the year and the 1099 shows your net profit uh, excluding wash sales. So if so technically so, it depends on how what the gains and losses were on. But generally speaking, yes, uh, you would.

you would pay tax on your uh, your net profit. And you can certainly do Mark to Market counting. And many people do. And of course many people trade in a retirement account.

which means it's tax-free as well. Hudi? Yeah, it is a dead cat bounce. Um, I mean that's that's pretty accurate. So I mean it's obviously really dropped hard.

There's no question about that. Um, so yes, uh, it is. It is a dead cat bounce. But I think the bounce is already in and now it's just pulling back a little bit more.

So uh, let's see what are some of our All-Star Traders Looking at today, Manoli, Do you have anything on watch? See what Jorge's looking at? Jess has lots of daily setups, but nothing he likes yet for uh, trades. so that means he's got a number of stocks he's got on watch. Uh, Max Liking Viru? So Manoli with thinking about the theme. So what is the current theme right now? It's kind of a tough one.

I Don't even really know we're kind of in between themes, but maybe I've missed something Okay So we've got a couple of bands of Veru. So yeah, in today's election day, so you know I don't know that that may have some. Oh well, certainly an effect on the overall Market small caps. Yep, Jorge is back.

Um, and he's in the room right now. so you know from a Gap scan perspective. Uh, trading trading. Gappers is one of my go-to strategies I've been trading for a long time.

It's the Gap and Go strategy so it's a strategy I teach in the classes. It's a strategy that I've been Trading virtually every day and everything I trade pre-market is at that point, a gap and go trade. So first and second pullback breaker pre-market highs, pre-market pivot half dollar whole dollar opening range breakouts red to Green These are all individual ways to trade. Uh, the Gappers.

So each one of these are their own class within the Gap and Go strategy this morning our leaving Gappers Iccm. but it's a little bit bearish because it's squeezed to 275 and then came back down to 250 to 1.42 So it's retraced the whole move I Mean it's well, not the whole move. it's still up 35. but it was up 100 at one point and at that point it was looking like this was something that you know was going to give us some really great opportunities and then it rolled over.

So Iccm is no good hims I'm not interested in that one. so leaving that one alone, S-t-i-m there's nothing really happening on it so that one's no good for me right now. Ride 200 million share flow. don't really care for that one.

Hudi already talked about it. That's choppy one. I Mean you know it. Honestly, it the only thing on HDI that you have going for you is it's volatile and we do like volatility.

So it's not impossible that you could find a trade on this at some point today where you could get a 50 Cent winner per share just based on you know, the fact that it's it has rage, but you know that that carries, uh, a willingness to take a bit of risk on it and I don't know if that's going to be for everyone. So hudi, you know, coming back to B web here, whatever side chart. um and and that you know that's kind of it so we just don't have a lot this morning it looks great. So the rule of thumb here to me is I Usually I'm finding right now in this market.

Even still, you know this year that I'm trading the best when news comes out and so if we have a day where we're not having a lot of headlines, it's kind of hard for me to do much. I Got a little bit of profit so far this morning. Eleven hundred dollars. That's good.

You know that's something, but it's um, you know it's just not quite. Um, you know what I typically go for and for what's worth, you could see Hudi is down to 8 15 on the bid 1850 1801. Look at that rejection of V-wap right there, right? Went right into that wall. So you know potentially if it held 19 level, but it's not holding that level.

So as of right now, with 10 minutes to the Bell, there really isn't anything that looks phenomenal. and these are the times to manage. Risk to just sit on the sidelines, be cautious and wait for things to open up. So you know, last week and the week before we've had individual days where we've had some really nice moves, some really solid momentum.

So that's what we're looking for. And maybe it's not going to be today, but maybe it will. Maybe it'll be between 10 30 and 11. who knows.

Or maybe it'll be not till tomorrow or Thursday And that's fine. When we see something moving, that's the time to step up to the plate. And when it's slow like this, this is the time to not trade out a boredom, but to keep yourself just sitting on the sidelines waiting for something that looks clean. So you know that's kind of where I'm at right now.

Uh, and those you guys tuning in? Thank you on YouTube for being here for the morning show. thank you for hitting the thumbs up, appreciate that and for being subscribers. you can see we're Um testing and I'm in um beta testing for our new charts that we'll be adding uh to the day trade Dash platform Real scooch. So my goal is over the next uh, two months to get the charts to a point where I can use them uh, a hundred percent for my trading and where I'm not going to use um, anything except for the tools that we have right here.

So my other window has a little bit of a different layout so you can tab this out, put it on that browser, put it on that browser, then when I log out, log back in. it'll repopulate the windows that were already out there. foreign cup of tea and I'm I Hope it works for you guys who trade it, but it's just not. um, it's not exciting enough for me right now.

and I don't have a very big cushion on the day. In fact, I don't have a huge cushion on the the week or even the month. It's still early in the month and I haven't had a I had a 11 000 day on Friday but then I managed to give back more than half of it by the end of the morning. So oh so yeah, Scanners Only for those that just want the scanners.

uh, you can see that over at Detroit Dash You can check out the pricing for scanners, for the chat room, for the audio video broadcast, for the news feed, and for those on uh Dash you'll have um, access to the scanner or to the charts when we release them. Come on girl! Okay So we've got about five minutes to the opening bell game plan today is to see if something becomes obvious Lasc earnings? Yeah, it could be a good one. Are the earnings after the Bell later or does it already have news out? it doesn't look like it's doing much so I know what? I'm looking for stocks moving up quickly and if we're not seeing it then the best thing I can do is be patient. At 9 30 we're going to Premiere a new episode on YouTube which I think people will probably enjoy.

This will be from the All-Star Traders Summit Foreign no halts pre-market uh unless it's halted pending news. So you don't have circuit breaker halts. but you will stop. Halt's pending moves all right.

Maybe tomorrow. I'll have some guests on the morning show that can join us and give us a little bit of a breakdown of what they're watching. So thank you guys for tuning in. This new episode on YouTube is going to Premiere in about 90 seconds.

So I'm going to end the morning show and you guys will be able to get redirected over to the Uh, the live broadcast, the live Uh Premiere and then I'll see you guys back here first thing tomorrow morning. Thanks as always for being tuned in! Yep, we're putting out podcast episodes weekly and we have another one. Um, that's coming out Okay. Reminder is always.

Trading is risky. My results are not typical, so make sure you take it slow. Practice this simulator before you put real money on the line. and don't try to blindly follow me or anyone else.

This is risky stuff. Okay, we'll see you guys back here tomorrow. All right! Warrior Members Day Trade: Dash Members will keep trading here and we'll see if there's anything obvious at the open.