Okay, so um, we're going to go ahead and get started here. Reminders always at the beginning of this broadcast, especially for those tuning in on Youtube. In case you didn't already know, trading is risky, my results are not typical and uh, in fact, most beginner traders lose money, so you should approach trading cautiously and don't trade with money you can't afford to lose. practices simulator before you put real money online.

Uh. Also, this uh broadcast on Youtube has a bit of delay. We run ads on the Youtube channel whereas in the Daytrade Dash platform and the chat room used by Warrior Members, they have ultra low latency broadcast so they will experience the least amount of lag versus those on Youtube. Right now, we've got the overall market popping up.

S P is up nicely. Cpi numbers came in lower than expected, which is a good sign. It is reaffirming this belief that what the Fed is doing, the Fed policy is working to control inflation. The Cpi came in at 8.5 versus expectation of 8.7 So that has sent the market up over the 200 exponential moving average on the daily chart.

That's a big deal. It's a very important level. It will be defended by the bears, and yet with this strong data point, the bulls may be able to hold it and we may see a move up to 420. I'm sure Elon Musk would love to see the move to 420.

So let's see, um, what happens there. I am not going to trade the S P 500, but I'll just keep it obviously on watch as it pertains to sort of the overall market and market sentiment and it just sort of communicates this. you know, general market bullishness. So in small cap world, which is where I find myself this morning, our gaps are a little on the thin side.

We have Clwt gapping up 41 percent. But 41 is not a huge gap. We've had 100 percent gappers, uh, pretty much every other day this week. Of course today is only midweek, but um, we are.

You know, currently seeing smaller gappers. So Clwt has popped up pulled back topping tails. It was choppy. We have Lotz on the scans.

73 cents no good ssnt. It's no good because it's too cheap and the float's too high ssnt. This one popped up but then retraced the move. For the most part, floats fine.

Price is fine, but couldn't hold its level. Infi floats too high price too low Ttd price too high Float too high bark float too high Csse Price is okay. Float is okay. Um, but this is chicken soup for the soul.

This is about the merger with Red Box Rdbx, so I I don't think that there's I don't think that's something I'm gonna trade. Meg L. is, uh, is gapping up? Um, it's a little further down the Gap scanner. Not a ton.

It's up seven percent right now. Uh. sold off hard yesterday and sort of leveled out at around 12. Now we could still break this level and go down to the ipo price, which was like four bucks.

so it has more room to sell, but at the same time, you know it could be worth watching for a um, dare I say dead cat bounce. Perhaps it's a possibility. It's not my favorite setup, but when you have a stock that has this much range, you know it. It doesn't even have to be a big bounce and it could go up to 15 or 16 dollars a share.

If it goes over 17, you've got room. I mean, you've got a lot of room, so I think it's worth watching. Um, I just don't know if I, I just don't know. You know, so it's on watch.

Meg L Um, that one's probably. It's a bit of a wild card stock. it has more potential, uh, but it also with that higher reward potential, does carry more risk potential, so it's important to be a little bit cautious on that one. So and by the way, for those that are curious about this indicator over on the side.

I did post a Youtube video um, yesterday on indicators for avoiding false breakouts. so I'll put that um video right here, avoiding false breakouts. And in this market, I think that having a oscillating indicator as just sort of a um, you know, just a gut check is probably a good idea. So I'll post that uh for you guys.

Also, uh for those streaming on Youtube If you are, um, interested in the Daytrade Dash platform, you can check it out right here. We have opened up enrollment for monthly, quarterly and annual right now. and uh, if you want to add in my audio video broadcast then you'll be on Dash Plus Dash plus live stream. So Dash plus live stream 294 a month.

You can use a coupon code to save 30. We do have a coupon code that'll pop up when you land on the website. We did include the stream for free for people for people that joined over the last um, few weeks, but that ended last night. So now if you want to join, you can join, but it you could use the 30 off coupon code.

All right, so you guys can check that out. Daytrade Dash is the software that I'm using for finding Momentum. Okay, so let's see. Um, we've got about 10 minutes till 9 a.m so I want to watch 9am closely to see if we do have any news.

My game plan at the moment. I haven't taken any trades yet so we didn't have any. You know, fantastic headlines at 8, 8, 30, or 9. That gave me a trade.

So at this point I'm hanging tight. I'm looking for um, I'm looking for an opportunity and I'm kind of thinking that the first one. I may only take one trade today. If I can find something that pops up that looks good, jump in, get green, see if it continues, scale out on the way up, and then evaluate to see whether or not there's more opportunities.

So this may be a day where I trade a little bit less. Of course, if we do have something that pops up in the next, you know, 30 minutes, that could change things entirely. But as it sits right now being cautious, I think is the is the way. so waiting to see if we have news at the top of the hour.

Meg L. Yup, at 13 25 right now, big sell-off Well so the question there. uh, why does volume weight average price vary from platform to platform? It's because different platforms use different market data vendors and it really shouldn't vary. It should be exactly the same.

Uh, because V Web is the same calculation, but different different platform providers use different market data vendors. We use quote media for our market data. You guys know that because you signed your market data agreements when you, uh, when you registered to Daytrade Dash and you are. You know you have to sign market data agreements.

So that's our data vendor. But there's many different data vendors out there that people will use and those different vendors will sometimes have displayed slightly different data points. Unfortunately, and so it depends because typically the platform will take that data and then we'll run the calculation for the indicators some data providers will give you like actual data points for certain things, but usually you're gonna have to do all of your own uh, calculations. So doing your own calculations therefore, uh, you know also enters the possibility of uh, variation and how it's done.

Yeah, chicken soup so popping up a little bit, but I'm leaving that alone for right now. I don't think that that is gonna be a meme stock or will get meme attention, but we'll see. uh, let's see on the S P 500. Yeah, so this would probably be a delayed print that went through and creates that lower candle wick.

That's not uncommon really at all. It does happen quite a bit. So Csse, um, you know, I don't know what to tell you, it's it's catching a bid, so traders seem interested. I don't know really why, but uh, there you go.

that's the market for you. So the news, uh, that was posted yesterday is what's moving this higher. That's probably a reversal candle off that level with a big topping tail. So up 49 right now on that one.

Let's see. Uh B A, Ah, sorry B I A F is an ipo today. It's a low float ipo, so it is certainly worth keeping an eye on. so we'll watch to see when that ipo comes out so Cssc you can see that big candle.

It went all the way up to Uh 19, which is kind of wild. Hit a high of 1997 which is impressive. May have been hard to fill shares to the short side as well. Yeah, Meg L is uh, below V Wap, but coming up to volume weighted average price so we'll see if that's able to break that level.

So uh, the ipo is Biaf coming up, uh, later this morning? I don't know if I don't know what time though because the usually they're kind of delayed. They they just sort of. They all of a sudden start trading and and it's not Chinese, so I'm not sure that it's gonna have the same level of momentum that some of the others have had. But then on the other hand, it is.

um, a low-flow ipo. And low-flow ipos can by themselves be enough reminders always for those. Tuning in trading is in fact risky. Most beginner traders do lose money.

My results are not typical and you shouldn't try to blindly follow me or anyone else. For those on Youtube, you should remember that this broadcast is delayed versus the ultra low latency streaming servers that we run for Daytrade, Dash, and Warrior Pro members. so take it slow. There's another small cap ipo tomorrow I think.

So we're coming up towards 9 a.m so I want to see um, what kind of headlines we have at 9. You know, Cssc. Obviously you've got that nice mountain range on your, um on your Macd. We'll see how well it holds.

Uh, you can use on the five minute chart, but I just find it that I really, if I have it on too many places, I'm going to start to get this sort of analysis paralysis. So I just try to keep it simple. Focus on it in just one spot and that seems good enough for me. For now, it's starting to go positive on Meg L.

I'm taking a starter on Meg L at 61 for the Breakthrough 14. this is a break of Vwap setup added at 95 on Meg L and now let's see if we break through 1410. Meg L next ad spot is 1405 and what we're going to look for is the squeeze through V Wap added at 1390. On Meg L, there's 14 on the ask holding 5000 shares looking for the Breakthrough 14 and then a squeeze up to 14 15.

flat for now Nine hundred dollars New order, Fourteen Fifteen. It should have broken right away watching for a dip retest of V Web added back at 86.. Now looking for the Breakthrough 14. So Meg L is breaking through volume weight, average price here and if we can get over 14 then we know we've got room back up towards the high here which was 16 31.

flat at 94. New order 14 dollars and 15 cents. So took the trade on the Breakthrough V Web as Macd was going into the green. Now we need to see it hold this level watching for Dips orders still at 14.15 Dip at 80..

now we've got 96 on the Ask watching 97 to add, there's 96. So this right here is a one minute micro pullback right underneath Uh 14.. If we can break 14 here, this would be pretty nice. For a move up to 14.50 add it to 87.

there's 97. There's 1403. There's 1425 new order 1420 adding it 1408 for the break of 14 25. So see, that's a nice move.

that's not bad. Okay, so let's watch 1425. Let's see if we can break through this level Holding Uh. 1600 shares added at 1417 right there.

Now looking for the squeeze up to Fourteen Thirty Five? Fourteen Forty Five Fourteen Fifty. So watch for an ad over Twenty five. There's Twenty Three on the Ask. Now we're going to look for a move up to 14.50 Next Target added at 1424.

Right there there's 1431.. that puts me up 2000. Taking a little more profit off the table. Average is Fourteen Eleven, Profit on the ass.

New orders, Fourteen Thirty Five watching dips. so we're through. V Wap high was 30 30. I think I saw 35 on the level two, but maybe it didn't print Dip at 1402.

Buying the dip off of 1402. Now we've got 1422 on the Ask. That's a nice dip. Trade 1405 Phil: Not bad to 14 10 50 dollars.

So getting a little action here, Um, enough to put me in the green. The first trade was to anticipate the break through V Wap. Second trade was micro pullback following break of V web. so boom and boom.

those are the two trades now. Had this been a little stronger, we would have seen a move up to 1450 and we know we had room here to that high and then we have room up to 1631.. So I do think that there's some more potential on it, so let's see how it trades here on this pullback. The only problem is first pull back second pullback.

Now we're getting into third pullback on the one minute chart so we're starting to get a little more extended, but let's just see if it can hold this level. Volume is increasing as it holds over V app dip at 14 added back at 14.. now looking for 14.15 so I like to buy these dips at half dollars in whole dollars and now looking for the retest to 14.25 so there's 14.08 on the ask that one. I sold flat at Uh 1401 for a three cent loss.

even though I hit the buy at 1402, I filled at 1404. So three cent loss on that per share and you know I want to watch this V whack area to see if it holds for another dip. but I'm wanting to be a little cautious because it's below 14. Psychological support should have been at 14..

So if I buy it like 1390 and it's not able to get back over 14, then I'm buying right underneath what's now turning into resistance. Because remember how we had that resistance at 14 when we first came up? So it's it's going above and below it right now. You see, it just went below it. It was down to 13 82.

then it popped back above it there to 1410. So it's a little bit of a tug of war. First one minute kill to make a new highs 14 10. add it back at 1402.

It seems like it's holding 14 and then I'm going to put an order at 14 12. if it can pull away from 14, then I can add. So I'm holding and it looks like there's a hidden buyer there. Now let's just see if this reclaims 14..

So my orders to add 1410 for the first 1 minute candle to make a new high? There's 1405 on the Ask 1406. let's see if we can get first five minute candle to make a new high. I'm gonna go flat on it. Made five cents a share on that.

It just feels like it's a little sluggish here. I'll wait for a five minute setup. We are holding overview app which is bullish but we'll just see what it can do. Csse chicken soup came back down.

not that surprising. I have the standard uh 12 26 9 for the Macd. Yep, be nice if you could see this through. 25 and 30 on Clwt Megal.

You know it's a dead cat bounce. That's that's what it is. it has. It has some potential.

I just don't know how much we're going to see, but you can already see you got to move from 1365 up to 1430 which is a pretty big move all things considered. Dip trading it on a break below V whap would be a little risky. It's not bullish enough to do that. Back to the S P 500 We'll take a look here, holding uh above the 200 moving.

Average high was 14 19. sorry 419. Uh, so we'll see how this trades going into the open. So yep, I see Clwt nice up to 33.

Aerc Yeah, I saw some folks mentioning that second day continuation possibly. Yep, I'm on my traveling trading station. I'll be back at my house on Friday. Nice Zach Good job Vrna.

Yeah, I see that. Um, the thing is I mean let's see just such a red day yesterday so this is a little bit. Also, to be honest, a bit of a dead cat bounce. Your high is 68 floats a little higher.

Yesterday I didn't trade it. Do you have room back up to 11? I'll take along there for the squeeze back to 11. Uh, we'll see if we break through 11 dollars. so there's 1090 on the ask.

I tried to punch it at Uh 68. I filled a little high New order would be at 11. we'll see if it can break through that level 1105. a 55 dollar winner.

Whatever. I didn't get a very good fill on my entry Amtd mm-hmm So we'll be watching the small cap ipo at the open. Meg L. can keep watching that for a bounce potential.

We may see some more. So you know the options chain on light speed is. I really don't like it. So I I've traded options using Td Ameritrade.

I've traded options using E-trade I think I have traded options with Lightspeed before but but it's not in a long time. If I e so I will try to sell on the ask all positions. If something is dropping I can try to sell at the ask. but if if it's really dropping then those are the times where I may have to hit the bid and I don't like to have to do it.

but you know if you have to, you have to Csse. Just a weird chart. Thank you Marcelo Watchlist Yup, phase from yesterday. F-a-z-e forgot about that one.

hit a high of 21 so worth watching for continuation. Hmm yeah I just changed my colors on Macd. So the Ba the Biaf ipo. I don't know what time it's going to start trading.

Um, I'm not seeing quotes even so you know if I if I start seeing prices like you know, 20 or something like that, then I'm like okay, it's now I can start to get a sense of approximately where it's going to open et cetera et cetera. but we don't even have that yet. All right. So we've got about 10 minutes to the opening Bell game plan.

Today we're going to be watching scanners. We're going to see if we can find some good opportunities. We've already gotten a couple of trades on the Dead Cat bounce on Meg L, which is good. I'm I'm happy with that.

Um, you know, could have could have gotten more on it. I I was hoping it would go higher, but you know, whatever. Green is good. Um, that's uh.

it puts me on the leaderboard today. In the green. Two thousand, four hundred, forty four dollars, and forty one cents. I'm on the traveling trading station, taking a little midweek vacation.

Uh, the nice thing about being a trader? you can get those mid-week rates, right? I mean, I don't mind trading on my laptop for an hour, two hours in the morning, and then going and doing stuff. So getting those midweek rates here. Um, no reason to pay the expense of weekend prices. So anyways, um, you know, I, uh, I'm happy with getting Green and um, and having that be that if there's more opportunity, I'll stick it out and trade a little longer.

But our leading gap was only 56 this morning Clwt and as I said, it felt a little bit more thickly traded. Um, just wasn't really crazy about it. Yeah, I bring my um, I bring my Usb monitors with me. So these are um, Usb monitors right here.

Uh, I mean they're skinny as can be. They fit right in my in my backpack. So I have two of these and I clip them to the side of my laptop screen. So I have three three screens laptop screen and then two external monitors.

and it works great. So I've been doing this for for a long time whenever I travel. Yep, and then you know I because I don't use a mouse, I don't use an external keyboard, I just use my laptop's keys and my trackpad. I don't need to pack anything else.

it makes it pretty easy. and they don't even need all the monitors. But you know there are times where if we had a lot of action I would want the extra the extra space. And yep, I'm using the Hotel Wi-fi.

Um, I bring my hot spot with me in case the hotel wi-fi is not great. but you know usually it's fine, it's not. It's not a big deal, that's You know, if it seems good and I don't have any lag, then I'm happy with that. Is my internet faster at home? Yeah sure, but speed's not.

I mean that. The thing is, it's really not going to make that big of a difference. So I'm only at 24 25 26. But that's fine.

that's enough. So I'm gonna try to keep it simple. If it, you know, internet that goes down until like the three and four megabits per second. that can be a problem.

and it can be a problem for broadcasting. Uh, but but 25 30? It's fine. All right. So we've got, um, about five minutes the opening bell.

So um, at this point I don't have anything on watch for a Gap and go. We've got a couple that look interesting. We've got a couple possibilities, a couple maybes, but nothing is shown. A ton of strength pre-market So if there's no clean gappers, the safest move is to shut it down and come back tomorrow.

That's the safest move. And if you just do that, you're playing it safe. You're being conservative. That's smart.

Uh, if you like to be a little bit more aggressive, then maybe you'll keep trading and looking for more opportunities until 10 30, 11. But a certain point, Uh, you know you're gonna. um, you're gonna be pushing it. all right? So that's the game plan.

We've got. uh, five minutes to the bell. let's check in with the S P 500. Still holding up good sun w hitting scans news yesterday, but it wasn't yesterday midday.

so it's not even really. It's not like it was after hours. You know there's news after hours. but well, I didn't trade Clwt.

Um, just because I don't know. It's a little cheaper. I just didn't think I'd be able to make much on it without taking really big size. You take big size, your commissions are higher, and I don't know.

I just didn't think it was going to go up that much. It did end up going up higher than I thought up to 43. That's great. Sometimes that'll happen.

Carvanha. They've been moving up a bit last few trading sessions. Okay, so we're coming into the open. Let's see what ends up holding up those streaming on Youtube The Morning show.

Thank you guys for being here and we'll be back at it first thing tomorrow morning. Two minutes to the opening bell. So today's a day where we don't have a awesome looking Gapper. There's not going to be a gap and go trade buying something you know right here for the trade up.

Um, so we're gonna so you know, Really?.