Thank you! All right? So let's go over the game plan for today. We've got about 45 minutes to the opening bell and as of right now, no trades that I've taken so far and nothing looks interesting to me. So it is. Friday We are in the summer, you know, sort of.

Officially, At this point, summer months have begun. So I think our best hope for today would be a wild card day, which is very likely that there won't be a lot, but there could be something. and if something does pop up and it becomes obvious, it's worth watching it very closely. So our leading gapper this morning in the entire Market is a buyout.

Tptx. So this is being bought out for a 115 premium. Uh, impressive for sure. Bristol Myers To buy Turning point for 4.1 billion dollars? Wow.

Uh, so that's that's quite something you know. So that's a buyout. But you know once the stock has been bought out, you know that's it. The value has been determined and people who are shareholders will get that buyout price.

and there's really no, no point in uh, trading it. At this point. whenever we're trading, we're speculating what we think the value will be in the future. So when you have a buyout, you know what the value is going to be in the future, so there's no speculation.

The best day Traders are the ones that can predict the future with some degree of accuracy. you know in the future can be five minutes, 15 minutes an hour. And the way we're predicting the future is by relying on technical analysis. So of course we're looking at charts here.

mgld is our second leading gapper. The Gap scan is one of the tools we use. This is up 28 percent I actually didn't see what the headline was on it. Um, the float is 7.1 million shares.

so let's see. um I don't see a clear Catalyst on that. Um, we can check in the SEC filings to see if something got filed I don't see anything there either, so you know I'm I'm not really sure what the catalyst is on it, which makes it a little harder to trust, but as we look at the chart, if I was going to make a prediction on what I thought this was going to do in the future, I wouldn't be able to say with any real high degree of confidence. I Think it's going to retest the highs.

It's a bit of a bearish chart. it's selling off. It's on a bit of a descending wedge and descending resistance lines. it broke lower.

It's below volume weight, average price. so I'm not incentivized to buy the dip down here I Don't really see any real reason it's going to go up because I don't even see what the news is. So on this one, uh, my crystal ball is saying don't buy it all right? So next one down Amls amlx uh I look at the daily chart I see that the all-time high on it is around 30 33 dollars receives notification. What is this? It's a pharmaceutical company so some of this will be language.

I can barely read thank you So they have an ALS treatment. Um, they've been given more time. It's the end of the review timeline. Uh, it's pre-market high is 1328 The daily chart: I'm going to look at this area here.

So what's the high? That candle 14 39. And then above that you get into this red Cam that gives room up to 1636. Above that you've got a big window. but it was formed by a red candle up to 25..

So you do have some interesting areas. but I would say 1439 is the first kind of resistance point and the float on it is 28 million shares. The volume is a bit lighter and the price is a little higher as well. So we'll see.

Um, hi. This candle at 8 30 was 12 35. So that's our third bleeding Gapper and you can see it's moving up a little bit here, but no trades on that for me yet. So I broke through Decent.

It's kind of right at this level. Here this candle is 59. I Think it's worth watching the level two just to see how it kind of performs how it trades. So you see the high is 78 so you can see more volume coming in.

The resistance up here is going to be 1301 and then the next resistance is 1328. We'll see how it trades in this area at this point. Uh, it's nice to see it's moved higher, but it needs to present a lower risk setup so it appears it appeared right there. Perhaps that there was a hidden seller at 55 foreign.

Reminder is always that trading is risky and my results are not typical most beginner Traders lose money so you should assume you will lose money. With that assumption in mind, trading money you can afford to lose and practice in a simulator before you put real money on the line. Thank you. A bit of a higher volume red candle there.

Double top at 82. Foreign 46. except 28 29 percent. Yeah, you have a bottoming tail that formed there.

The dip got bought up. The high is 73. seller coming in at 12.70. We'll see if it can hold over the yellow descending resistance line and prove that that can become support foreign foreign.

We have about seven minutes until Nine a.m We'll see if there's fresh news at 9am. So what we want to see on Amlx would be a breakthrough: 82 and then up to 13.. the low of this last pullback was 12 46. there's 80 on the ask 84, 85, 87.

So you can see how it started to pull away there as it broke that that level of 74. the high is 87. Foreign S As it gets closer to 13. there's 97 on the ass, there's 1305.

nice. So does it reject that level? The high is 1305. what high of day is 13 28 and then we have room up to 14 28. added at 1306 right there.

Now looking for 13.45 13.50 So once it starts pulling away, watching for a break through 1345 for a move up to 14. added at 1332. now looking for 1345 and 13.50 so you can see this high volume green candle as it breaks through 13. A nice powerful break, reducing some size and watching for the next entry.

average is 1319 New Order high of 13.50 foreign pattern right now. new orders at 13.50 and then I would look if it breaks 50 to add 60 70. back to flat thousand dollars on the first trade leaving the order still at the High give trade at 21 about the dip 13 21. now watching over 13.70 1350 then 60 70.

nice bid. So I'm watching this over 36 and 37 to see if the first one minute candle makes a new high and we break through 13.50 added 35. There's green on the tape looking for the Breakthrough 37 there's 38. There's 45 taking a little profit and then looking to add back foreign for another dip.

Pretty high volume on this five minute candle, it's up 36 percent. So once it started to pull away I jumped on watching for the next dip and the Breakthrough 13.50 out of the 33 you see how you have that red on the tape and it shows you there's a hidden buyer there because it's not breaking down added at 50. there's 60 nice now looking for 65 and 70. there's 80.

Very good added at 59. we'll look to add 69.79 for Wick reclaim up through 80. watching over 69 added there. Now looking for 90.

there's 81. So you've got some really nice momentum on this one, that's for sure. There's 91.95 looking to add, uh, possibly 14 10. So right now it came up to 14 and then pulled back.

I'm taking a little profit and I'm going to put a new order at 1410. we knew the level that we were watching was 1439 and then that gave us room up to 1636. Bought the dip at 88 1388 for the Breakthrough 14. I want to see if we get 14 39.

See that bid at 90. the bid keeps coming up. added at 93. Now looking for the Breakthrough 1410.

so when we have that bid climbing up, um, it pulled back there back to Flat for nowaday for let it dip watch for the next pullback entry. So this is the third pullback we had. First pull back at 1282, second pullback here at 13.50 Now we're on the third pullback. Bought the dip at 68.

So just quick dip trades on this right now as it bases out. So in a 68 out of 75 this candle the high is 85. add it back at 75. Now looking for 85.

there's 85. That's fine. Debit 61. out at 70.

added back at 61. just taking these quick little dips and the pops back up. Thank you. The high back there was 86 so that's the level I'd like to see break added 75 to anticipate 86.

if we get over 86 then I'm going to look for a trade through 14. watch an ad at 1386. bought the dip at 75. Right there there's 83.

86 good profit of 80. All right. Well, we got a pretty nice five minute breakout on that, a reminder. It's always that trading is risky and my results are not typical.

Glad we got a little momentum. Amlx uh uh, about 39 40 right now. so got a couple nice dip trades on it and a couple nice breakout trades I'm gonna watch the five minute chart and see if this sets up for another, uh, another move. Thank you.

So what's kind of been interesting on this one is seeing what seemed like hidden buyers. Kind of pushing it higher where you have. You know, like right now you're seeing selling at 1360. and 1360 breaks.

But when you're seeing selling on the tape, you're seeing red on the tape. But the bids not breaking, you're it's showing accumulation. So someone is accumulating a position. Whether they're buying to cover a short position or they're buying to go along, We don't know.

but when you have that buying propping it up, it goes higher because every time they're selling, it doesn't drop. There's a buyer right there to absorb the selling, and then when the buyers come back in, it goes higher because there's not as many people selling on the ask. So you know it's kind of interesting the way you got that move from 13 up to 1350 and then right up to 13, 90 and 14.. Nice.

Good job, Good work. It was great. It can be done good job. So our five minute is rather extended right now.

Uh, the range that we're showing the pullback has been so far to 13.55 so support around the psychological, uh, half dollar. Our 20 moving average is down around 13 30. And you know, as you look at the five minute chart, it's like it would be totally okay if it pulled back to 1330. it would still be a bull flag setup.

What level we probably don't want to see? Break would, be? well, 1311 Volume weight, average price. So you know a pullback in this area and if it doesn't break through 1350 and it holds over, that's fine too. I Mean that just shows that it's pretty strong. So there's 55 on the bid? Uh, says, is it gonna break 13.50 That's that's my question here.

and I'm going to kind of watch the bid to see if it flushes because right now we're in this wedge where it's pressing lower against this support level. So it's definitely testing the support here of 13.50 and it might break, but it also might break and pop right back up or it could flush. So you know I'm going to watch this level to see what it does so see how it's testing. So I took a starter there at 51.

and I'm going to look to add over 65. let's see adding a 65. So is this going to be a bottoming? Wick where we curl back up through 70.. So now watch 13.70 There's 69.

There's 70. I'm in with 2500 shares right now. Can we break through 1370.? Seems like there's some bid support there. There's 1367.

it's like a 400 winner for me. right now. there's 75 so that gives me a little bit more profit. So we got the bottoming tail that that dipped below and it popped back up.

but five minute course is still extended. The high: The last five minute candle is 13.87. foreign the rest of the position and we'll watch it for another dip. Entry: Buying closer to support feels a little safer.

So high that candle was 13.76. so we pierced through the bottom and then Pierce through the top and now we're back at the low. That feels a little bearish. I Mean it's choppy.

It's bullish that it bottomed and came up and then bare. So it came back down and the indecision makes me feel a little hesitant on it. A lot of sell orders there at 45. we haven't formed a false breakout on our five-minute chart, but we are coming lower dip at 48 we bottomed off of the 20 moving average right here.

I Want to see if I can add more around 38.39 and I want to time that first five minute candle to making you high? So watching the bid down here and there it pops right back up to 60 67. So it didn't give me a chance to add, but it's okay, gives a little profit. So now we're You know once again, right at this kind of spot where these two trend lines are. Crossing I was 67.

holding smaller size. now pop the tip again at 47. I'm just going to keep doing these dips on it looking for 55 and 65. I Mean, at this point we're coming down pretty darn close to the 20 moving average support level.

So now I want to see over 1355 and 65 the curl back up towards 14. So that I went flat on a little burst of red on the tape. Double bottom down here is 40 and it is bearish. That's below the half dollar.

uh, and below that psychological support. This five minute candle has a high of 13.76. we're still on a bull flag light volume selling, but we don't want to see a break 13 40. So there's 40 on the bid.

there's 38 so it's selling off a little bit more than I'd like volume weight average price is around 13 17. So again, you see that bottoming tail? Look at that resolution. golly. Wow.

Look at that. back to 37. back to 28. that was a wild candle right there.

100 000 shares of volume V Web 1318 14 13 and a half minutes to the opening Bow: 15 000 share buyer at 13. So Amlx is up 35 36 Right now it's our second leading gapper, the first leading gapper when you don't include the buyout. So I think the game plan here. Uh for warrior members: I'm Gonna Keep Trading this.

uh, probably into the open and we'll look to see if we get uh resolution on this five minute pattern. High volume on the green candles, lighter volume on the red candles except for that candle right there. so you can see how we would need to break through 13 65, 13, 75, 85 Uh, that would be what we'd like to see. We may see that, but if we don't then you know it's obviously means it hasn't gone.

Gotten to those important levels. So I'm just gonna sit and watch it. We've got about 12 minutes to the open and I'm going to leave orders around 14. ready to size up and be aggressive if this shows a willingness to squeeze.

Reminder is always that trading is risky and my results are not typical. So I encourage you to take it slow. Don't overstay your welcome practice in the simulator before you put real money on the line and can't make any guarantee that you're more or less likely to be a profitable Trader just because you're learning from me. So take it slow.

That right there could have been a dip opportunity. Uh, the V-wap is just a little bit lower at 18. BQ Hitting one of my scanners there float showing a bit higher. I'm not gonna jump on it, not really sure what's going on.

Looks like a reverse split and then a little Alco Spike uh hey, let's see Amlx Yeah! I Would say this is a pretty healthy pullback, you know? I mean if it was really strong, it would have broken out right around here at 9 10 and gone back to 14.. So it's already showing it's pulling back. It's pulled. in terms of time.

It's actually spent more time pulling back than it's been breaking out. You know? we broke out in this stretch here. Very clean and now we've spent a lot of time on pullback. so it is pulling back a little more than I'd like and for a little longer than I'd like.

But uh, I'm sitting here day four of trading in Martha's Vineyard at about 3.6 times my daily goal. so I'm quite happy with that and fine with throwing in the towel here. But I think there may be a little more opportunity. So I'm gonna keep watching for those opportunities as we get closer to the open.

Those tuning in for the Morning Show on YouTube Thank you guys for being here I Hope you hit the thumbs up. It really does make a huge difference for the channel and if you're not already subscribed I hope you hit the Subscribe button as well. Foreign I didn't look at that but if it's day one of the IPO then you won't be able to start trading it until they actually do the until it actually IPOs and that can take. um I mean it could take hours for them to get the order balance ready to open.

so you see how this pierced through the V-wap a nice dip for those that bought off of 13. you had that 15 000 share buyer there and then a nice 50 Cent pop. You know you can't really complain about that too much. That's a nice bounce so on light volume you're getting a pretty nice squeeze there right? 50 cents so your high back there was 13.63.

Wow, nice bounce. Let's see. so what we want to watch Now the high of this candle is 1364. we want to watch to see if this forms a micro pullback.

Quick long there at 65. Next ad is 75 and 85 and we're going to start dialing this in for Ascension Back up to Uh 14. see how we're pulling away? Watch the ad over 75 and 85. So I think we have a 14 Target on this added at 75.

looking to add at 85. and then 95 for the Breakthrough 14. that right, there is a micro pullback. Adding at 78, there's 83.

next ad will be 85. So I Look to actively trade this range added it 80 right there trying to anticipate the break through 85. And then can we get 90. holding 4 500 shares.

Now watching micro pullback on the one minute chart For those that aren't familiar with one minute, 10 second or even 5 minute micro pullbacks. This is one of my favorite strategies for buying a trending stock. I Don't love buying stocks range bound, but I love buying trending stocks so stock moving up quickly. I'm gonna go flat right now and look for the next opportunity I'm working on so I'll put a link right here on YouTube for my Micro Strategy Micro Pullback Strategy PDF I'm going to pin that to the comments.

Uh, so pin that there this. Um, I'm actually getting ready to take this version offline so this will probably be the last chance you guys have to download that micro Pullback strategy. PDF I'm going to revamp it and do something different with it, but if you want to download that, you should check it out. You're more than welcome to you.

Know this right here. This pullback. Let's watch this. This is a significant pullback.

It's coming down to a double bottom off of that level. Good job. For those that just bought that dip, double bottom double bottom right there off of 13. you're up 35 cents.

I'm gonna watch this again. Our five minute candle closed green right here. High volume green candle. But then the one minute is a rejection.

So the idea with the micro pullback is to be buying these dips. Buying the dips right in these areas, buying the dips and then taking prop as it moves higher. And if you start getting into sideways consolidation, that's a red flag. you don't want to be sitting holding something going sideways.

If you're buying a trending stock on micro pullbacks, you get in. You take profit as it goes up. If it starts going flat, you get out because you're holding something that's extended foreign. So this is the micro pullback.

PDF Episode One: So this is a three page PDF on the micro pullback strategy and I Really think that it's the best way to buy a trending stock If you don't think you have the time to wait for a proper five minute setup which you know a lot of times you won't have. You won't have that time. if you were waiting just for a five minute set up. on this, you would have had the first five minute candle to make a new high.

But the best way to manage. Risking to understand this was on this micro pullback right here. All right as it broke through that level. So it's an important strategy to learn.

And as I said earlier in this morning show, one of the things that is your goal as a day trader is to try to predict the future. So what we're using are these patterns to understand the current context of the price action and then make a prediction of what we think is going to happen next. Let's see there you go. Okay so we have two and a half minutes to the Bell Thank you guys for joining us this morning.

This has been a fun morning here. Um if we can get let's see how many thumbs up do we have on the YouTube broadcast. Um just under a thousand. If you guys can help us get up over 1500 thumbs up right here then I will keep streaming and make this a Morning Show and a recap in one episode.

Let's see if you guys can do it. We've got about 90 seconds to the opening bell so on Amlx right now and that's 1200 1300 thumbs up. We've got 200 to go. Thank you guys! appreciate it! So this is.

It's very interesting when you have a single 10 second candle that drops like that. So I often ask myself what's causing that and this to me and we've We've talked about this quite a bit. Uh, what's most what most likely happened here. We can even dial this into a one second chart.

Let's look at a one second chart. So right there you have a 33, 000, one second candle. It's probably a large sell order that someone hit as a market order. And what happened? A marketable limit order.

And what happens when you hit the market with a big order like that? Is it. The market maker algorithms pull the bins, they pull the bids, and then that's the opportunity for stop hunting. Now stop start firing Those orders. Execute The bid has been pulled, more orders are hitting the bid, and it's dropping further.

It creates this momentary capitulation where you get that flush that Panic flush. So it it's a market maker attempt of shaking out weak hands and it can work because sometimes these can plush and I'll go flush all the way into a halt going down. I Mean this doesn't always bounce right back up. I mean it can.

It can accelerate. and so as a Trader One of the things that that creates risk for us is knowing that you know at any time you could have some someone out there that hits the market with a really big sell order and creates that sort of beginning of an algo flush. I Usually try to buy up those dips if I'm watching and I'm kind of in the zone. have a good profit cushion, but you have to be really cautious on it so it does screw up our chart a little bit because we have this red candle on high.

One minute volume. Uh, the high a day is 1405 The opening candle is highest volume of the day Almost 400 000 shares right now. 20 seconds left. 415 000 shares of volume 420 421 440.

447 000 shares of volume in the first one minute candle. Five seconds left on this candle. Is it gonna hit 500? 000? Not quite 469 000 shares of volume on that one minute candle. So that's the highest volume candle of the day and you know it's A It sets the tone for the day.

So this is what we call our opening range candle. The high is 66. the low is 18 and the low has already been broken and currently the price is below the volume weight average price. So the technical analysis of this is telling us that the shape of that candle being a spinning top it's it's not quite a doji because the open and close is a small body, but it's like a spinning top.

That's telling us there's Market indecision. And if there's indecision, this is not a place that I'm going to feel confident being a buyer. I Have to wait for a decisive Market I Want to be trading a trending Market When you start trading range bound, this is when you're more likely to see the Algo false breakout rejections and then they pull the liquidity out as you have that flush down and then you have the reverse on the bottom where you have that bottoming tail, the bull trap or the bear trap and then that Spike back up. So it's much I Find it easier to trade stocks that are trending like this than to be messing around with stocks that are in this kind of range the way this moved into.

So if you traded this and you lost money in this range I think it's probably worth noting. Well, we were basically range bound. We were below the highs, didn't look like we were necessarily going to make new highs, except for just for a moment right there and then we were back in range. Whereas this area here was clearly moving up sharply and you can even just look at the position of the moving averages.

Are they moving up? Are they going sideways? So if they're going sideways, we're getting into a range, we're getting range bound. If they're moving up, then we're trending. That's where some Traders would add the Macd Moving Average Convergence Divergence Indicator I'll just pop it on just for a second. So the advantage of the Macd is that it shows you.

It's a visual representation of whether moving averages are pulling apart or coming closer. So following the cross over here as the moving averages, you have this Macd crossover. From this point forward, we were getting into the range and we were getting choppy. Now right in Here we were about to cross back to the upside and we could have moved into another upstreak here where the crossover was positive and you had another pull away.

it was very close. But then there was that big sell order that brought it back down so you could always pop that on your chart. And what you're generally going to find is that when the Macd is open like this, that's when it's going to be easier to trade. Something's moving up.

It's moving quickly, and when you've got the crossover and you're coming back negative, it's going to be more difficult there. I Mean there's a number of other considerations to make, but that's certainly one sopa sopa. So I Looked at this one earlier. I See it hitting the scanners? it's got a window on The Daily to 298.

uh, but it's a little thickly traded and you had this big candle. It was a red volume candle. so I feel like this one's not really worth it unless it got over three dollars. And to be honest, it's a 258 and that 40 cents to two to three dollars feels like a long ways away just looking at the way it's trading and the way it's stacked up here.

I Don't think that one's going to three anytime quick. so leaving that one alone, scanners showing me some other trades or stocks moving up, but nothing that's particularly interesting. Top Gainers: Amlx is still the Top Gainer Relative volume. Amlx is a relative volume leader, so I'm sitting at 4.6 times the daily goal right now and unfortunately, Amlx has not given us a really clean.

um Breakout Look at that chop. Nice. So this is when you're getting into those algo whips. It's too choppy right now.

Those that haven't checked out my video on, um, the truth about market Makers I'll put a link up in the top corner here. I'll just make a note to add it. you can learn more about market makers, high frequency trading algorithms and those algo spikes and flushes BQ Halted. Let's take a look.

I See that nicey stock. So we're not going to see a resumption price. the load is still a bit higher. Um, you know it's a reverse split and sometimes we see reverse splits open up a little bit.

So BQ is on the halt scanner down here? Yeah, so it's a Chinese company as well. Amlx whipping around here. look at that. So this is, definitely, um, teasing some traders long and short.

This is risky stuff, so this is the time to be patient. If it becomes obvious I'll trade it I'm not see I'm not trading this I Don't want to get caught in this chop. It doesn't take much to give back the profit. I've got I've got four thousand, six hundred, seventy one dollars, and two cents of profit I Don't want to give that back I want to be grateful for that.

That's a phenomenal day, that's you know, four or five thousand dollars a day is a million dollars a year now. I'm on my traveling trading station here. Today is day four of day trading in Martha's Vineyard and the goal of um, this Market's Vineyard challenge has been to get in, get green, and get out I don't want to sit here in this little Den uh, where I've set up my computers all day long I want to enjoy the day but I want to make enough money to feel like you know I'm helping pay for the cost of the trip and I think I'm doing that pretty well. Today is day four: I was up six thousand on day one, 9 000 on day two a thousand yesterday.

So that had me at sixteen thousand. This puts me at uh, twenty thousand dollars today. So twenty thousand dollars in four days, five thousand dollar per day average I can work with that and I don't mind if I have a couple days next week where it's slow I might have a no trade day or a day where I only make 500 or a thousand. Or maybe I'll have a red day.

but I want to keep the red days tight, keep them small, keep the losses small. My accuracy today was probably pretty good. Um, didn't feel like I had too many losses, maybe a couple. So initially, when Amlx started to open up um, this first pop up to was it 1282.

my first trade on it was at 1307. the break of 13. that was my first trade so I didn't start trading it until it broke through the highs. Well, it was this candle right here where I was like okay, if we're gonna pull away, that's where I'm gonna trade it I could have bought it in here and I kind of hesitated I just wasn't totally sure.

so I just let it go a little higher and then once it proved itself I paid a little bit more for the confirmation Rita pharmaceutical Reta You can see it moving higher. quite a bit higher, but very light volume so these have quite a bit of risk. I'm not gonna mess around with this one, so are we gonna get any more setups before 10? A.M Amlx would need to break through 14. um on BQ Okay, yep I see that so you know I mean we've seen some crazy things in some of the Chinese stocks China companies China stocks where you've gotten these outrageous moves they don't make sense and people say oh, it's just a pump and dump or whatever but you know volatility is opportunity so they go up I'm happy to watch it, but this is already pulling back so we I would Mark out the high here which was around 290 if we get over three maybe Rita coming up to 33.79 but the spreads are too big on that I can't manage risk I have to think about risk first, profit second when I pour the risk I Hope you guys are having a great Friday Thank you guys who have tuned in for this special Morning Show here to end the week.

Appreciate you guys as always being here and hitting the thumbs up and being a subscriber and actually you know it reminds me I was going to do a donation for thankful Thursday yesterday and I I forgot I lost track of uh what and well I think it's because we had the the holiday on Monday I forgot what day of the week it is. So what I'll do today on YouTube is for every dollar uh that we get on the thumbs up for every thumbs up. We gotta donate a dollar to charity so we're at 17.50 thumbs up! So if you want to donate a dollar to charity today, you can do it through Me by hitting the thumbs up. I'll donate a dollar on your behalf.

So thank you guys uh for hitting those thumbs up. Like I said, it makes a huge difference for the channel you're you're feeding the YouTube Algo, You're telling YouTube that this is the channel to tune into. If you want to learn more about trading and anyone that's a warrior member that wants to hit the thumbs up, you're welcome to hit the thumbs up, as well and donate a dollar through me. I'll give you the link right there to do it.

Every dollar counts. So there you go. That's nineteen hundred dollars 1936, 1952, 1982. So there's two thousand bucks 2040.

Thank you. That's awesome guys. You're helping pay it forward. So good job.

Much appreciated. 21.50 Nice. So you can see on Amlx. we hit a high of 13.94 and then flushed down here.

uh to 1283.. this chart is fairly broken. It's too choppy. you might get a surprise squeeze, it might open up, but I'm not seeing super high likelihood of that right now.

My my crystal ball is telling me to sit on the sidelines and leave this one alone. The chart's too messy, it's too sloppy, it's not clean, so that takes Am. LX Kind of off the list. Now the problem is one of my goals each morning.

You know in terms of talking about how to day trade. Yeah, I can tell you how to day trade. What you want to do each day is you want to look at the highest relative volume stocks. You want to look at the biggest gainers each day, and you want to find which of those is the most obvious.

Now, usually we're going to be focusing on stocks that are under twenty dollars with a float of under 20 million shares, 20 and 20.. preferably lower is better now. lower float is better. Lower price.

One dollar fifty cent I Don't really like super cheap stocks like that I actually prefer the price between probably 5 and 15. that's probably where I do the best, but the float is better when it's lower Because what that means is that when you have a stock that has a strong Catalyst, you can have a big imbalance between supply and demand and you can get those really quick moves. and that's what we tend to do About the best on is small cap momentum. Traders So when you look at the relative volume scan right now, you can see that Amlx is actually the second leader.

I'll move this over here for a second. Um, so Amlx is the second leader and the leader now is Nstd. So I take a look at Mstd. But what you find is that this is a stock that trades on basically no volume at all, but today has what looks like a block order of like 300 000 shares.

So you know you never know. Sometimes those block orders are in indicative of something that's going to move, but in this case, there's no chart for us to really work with. We don't really know what that's about, so Amlx is the is the most obvious. Mgld is the second.

Now, the problem with Mgld. We talked about this at the beginning of the day, although it was on the Gap scanner and the float on Mgld uh, only 7.7 million shares, the problem was it wasn't clear with the Catalyst on. this was what was driving this stock to move higher. So what we look for is high relative volume price under 20, float under 20.

we like to see that there's some type of catalyst and we'd like to see the stock is already up 10 or 15 percent now. Uh, Mgld the price is fine I mean I'd prefer maybe a little higher, but the price is fine, the float is fine. it was already up like 30 percent. What was the gap on this? The gap on Mgld was 19.

That's fine, but not clear catalyst and in fact I couldn't find what the news was on it. So I'm not really sure. it just got this uh, kind of 4 am Spike maybe an algo Spike and then it just comes right back down. It pops up again around 6 a.m and then just has been selling off since then.

Now, if we look at the daily chart, our analysis over there shows us that we're under the 200 moving average, which is a point of resistance. so we've got to do some degree of technical analysis on all time frames. This five minute chart or this daily chart is not great. The five minute chart is not great and so it's not even really worth looking at the one minute since those higher time frames are terrible.

Now back to Amlx on this one. our daily chart was okay. We had a window here from 1440 up to 1636 and although we weren't able to get uh, into that window, we also didn't really have too much resistance up to 1440.. So we got some room up to that level and that was what sort of gave us our trip.

Yes, a red candle in the past so far. Today, another red candle. Not my absolute favorite, but you know it's okay. Hey Bud, Hi, Hi I'm just coming here.

Oh, you're coming in to get a lot of me. Yeah, you know what? Oh, can you go to the fridge? And can you go to the fridge and get me? Oh oh what? You could have that too. How do you feel about going to a refrigerator and getting me one of these seltzers? No thanks, Bud. Okay, so Amlx daily chart was fine.

Um, no issue there. The five minute chart earlier showed that we had some resistance at 13. 13 high was 13 28. A little pivot there around 1301 and we were able to come up through that level.

So you know that with high relative volume with the float being a little higher at 28 million shares, a little higher, but not too bad. you know it was worth a try. Had this float been five or six million shares I Don't know. You know, maybe it would have moved faster.

It probably would have. but you know that's that's not what it was. So uh, adjusting expectations accordingly. And then as we go further down the scan today, you know there really wasn't anything else that was super obvious.

Uh BQ popped up uh, sort of second. uh, reverse split. Not my total favorite setup right now. hasn't been performing super well and so then you sort of compare relative volume scan top Gap scan and there wasn't anything else that I thought was super obvious.

And so you know. The thing is, it's really important that you're focusing on what's obvious. You really want to be trading the same stock that everyone else is looking at. That stock is going to be more predictable as it trades around critical levels, especially when it's trending.

Now when it's when it's range bound, that's where the Algos are going to dominate. That's where we're going to see those Panic flushes those bear traps, the the pop-up through resistance and then a bull trap coming back down. And those are the tricks the market makers play. So again, if you haven't already checked out the video on market makers high frequency trading algorithms, you can check that out.

I'll put it I'll put it up in the top corner here and I'll just make a note to add it. Uh, let's see and Warrior students you already have that in uh Warrior Pro classes Uh, chapter six on uh, learning how to read level two So yeah, um so anyways, um, you want to focus on what's obvious? it's going to trade more. predictably. Generally speaking, it's your best shot at having a good day.

You start trading really obscure stuff that no one's looking at. It's not going to have volume. It's not going to have follow-through It's going to maybe pop up for a second and flush back down. It's not going to sustain the move.

It's not worth it. And on some days there's nothing that's really obvious. And those are difficult days because you sit here feeling like, oh man, what am I supposed to trade Okay, so now we've got this stock here. Btmd hitting our scams.

I Can see the halt level is at 709. Now the flow is 23 million shares. It's a little higher. It just kind of squeezed up out of nowhere.

So what's the news? Entry into a completion of acquisition? Okay, let's see. it's a long headline. Really long headline. So try and just get my head around what's driving this higher? This looks like a recent special acquisition company.

Spax. Uh, trade at ten dollars right at 10.. So Insiders on this stack are underwater by 30 at seven dollars. Um, it's sold off pretty hard.

It's coming back up. I I Don't know. I'm not sure that I'm seeing the opportunity on it. If it got above 10, that might be more interesting.

but the total volume is a little light. Although, we're seeing it because we're using this kind of you know radar of scanners to search the market I'm not sure it's obvious enough yet and the fact that it rejected right there up to 720. what was the high seven? Twenty Five. but then all the way back down to 674.

I Just don't think it's obvious enough, you know. And that's sometimes. the problem is that something you know looks interesting, but it's not obvious enough. So how does it become obvious? Well, the higher it moves and the more volume comes in, the more Traders are going to be drawn into it.

and then it starts to become obvious. Something up 25 percent. Uh, you know I don't know recent IPO Dspac companies? You know that? Yeah, sometimes. but it's also Friday during the summer.

So let's not forget the context here. energy name. We could check United States Oil Fund. but uh, you know the U.S oil fund is coming up here a little bit, so that might send a little momentum in energy names.

but I Don't think it's going to be enough. One of the problems there is that you've got so many different energy stocks. the attention gets dispersed and when you have that sort of attention disperse, you don't have the consolidation on one really obvious stock. There's like five or six or ten energy stocks that people are watching, and you don't usually get really good follow-through unless you're having true parabolic momentum.

But um, I I I don't I don't we're not seeing that right now. That's not happening right now. so it's 9 55 uh as we come to the end of the opening range, the 30 minute opening range I think at this point having not taken any more trades I'm gonna say hey, it's Friday I'm on my traveling trading station Today's day four in the books it's a Green Day 4 600 bucks. Grateful for that focused on one stock.

traded it a bunch of times. Accuracy felt pretty solid and I'll be back at it first thing Monday morning. So I hope you guys have a great weekend. I Will um put a link to two videos for those that have tuned in for this long.

Morning Show on YouTube you can check out. it'll be one. um, right at the top for market makers and the truth about high frequency trading algorithms and there'll be another one right there on how to buy the dip. You saw me probably do a number of dip trades today.

A couple of them were really dialed in, so check out those two videos if you want to keep learning. Thank you for hitting the thumbs up. Looks like we're finishing the morning here with about 22. uh, 50.

So I'll do donate two thousand Two hundred fifty dollars unless anyone wants to hit the thumbs up real quick before the broadcast ends. Maybe we'll get up to 2500 bucks. That would be cool. So thank you guys for being here today! Thank you for helping me donate some money to charity And Pay It Forward Today was a good day, a green day and I'll be back at it first thing on Monday Morning Reminder As always that trading is risky.

My results are not typical so please take it slow.