All right. So uh, we're sitting down here with about 40 minutes to the opening bell. I've gotten a little bit of profit on Olb. This is the leading gapper in the market today, so it's kind of.

It's a little bit like drug in the sense that it's lower priced. It's not like a big mover, but there's been some opportunities so I've gotten a little bit of profit on it. it. Uh, Primark has a pre-market high of about 236 and the 200 is around 211.

so we're over the 200, which is good. Uh, we'll see if it continues any higher. I'm not sure if it will right now. I'm just kind of sitting tight.

Uh, Macd on the one minute is kind of pulling a little bit against the trade, but I think it'll probably open up if we get a five minute consolidation. so I'm going to give it that chance. What I don't like is this false breakout right here on the one minute hit a high of 36, double topped and then flushed back down. So I you know I never liked false breakouts.

That was definitely a false break out there on that one. Uh, so now I'm kind of waiting for the five minute to reset and then for it to set up. Such a strong five minute that's able to break out despite not a perfect uh one minute chart. So that's Olb.

Second leading gapper this morning is B Way B W A Y B way uh. Popped up here I'll go spike up to 644. dropped back down is currently below V Wap that one could get back above V there's a possibility and that could give us a move back up towards six. It's worth watching.

I'm not sure if we're gonna get it, but you know we'll keep an eye on it. So uh, 200 moving average. A little bit of a problem on this one at 720 626 sorry 676 right up here on the daily chart. So we've got a little bit of an issue there on that one.

Um, you know, so something to be aware of. I am hopeful for maybe breaking news at the top of the hour. That would be nice. I don't know if we'll get it, but I'll be hopeful for that.

Uh, as per the weekly game plan episode I recorded over the weekend, nerve was on watch for continuation because of course it closed strong on Friday pre-market it's been stair-stepping back down. Drug was also on the watch list as a hard maybe this one has popped up, but I'm not sure that it's going to keep going enough for us to get more opportunities on it. Spy S P 500 sold off and is Gap down pre-market but it's starting to maybe curl right here. a little bit off the 400 critical level on the just psychological level on the S P, so we'll see if we get support there.

I was looking at this pattern as being a possible head and shoulders last week, but the problem is I mean it. While it resolved to the downside, it's 100 because of Um Fed Chairman Uh Powell's speech at Jackson Hole on Friday. You know, if he had said something less hawkish, the market would have gone up and then broke the head and shoulders. So these patterns can be a little deceptive on the S P Because right now, a lot of it, you know, sort of a little bit of positive data in July on inflation led the market to sort of think, okay, what the Fed's doing is working.

they're going to maybe decrease their interest rates, or start to slow down the rate of increases. And then he comes out and says, no, we're not doing that. One month of good data is not enough for us to change Um or pull back on aggressively increasing interest rates because inflation is okay. so maybe it's at eight percent instead of nine percent or whatever.

it's still extremely high. It's well above the two percent target, so a lot more work to be done. But basically, and so the market's like, oh, interest rates are going to keep going up. Um, you know this is gonna so you know this is gonna affect Um spending in certain areas.

That's gonna affect the bottom line on certain companies. and then we might start to see layoffs and then some. Unemployment increases. Increasing unemployment, that further degree decreases spending.

So that's all okay if the goal is to reduce inflation. In fact, even going into a recession would be okay if the goal really is so powerful for inflation first, even at the cost of forcing essentially a recession through a quick increase in interest rates. But we do still have very low unemployment, so that's good. But in a way it's bad because it means that people still have money to spend things you know, spend on things and you know you want to buy a house.

Houses are selling for above asking Of course, interest rates going up, but a lot of people seem to be buying houses with cash. A lot of these higher end houses investors are still buying houses in cash to turn them into rental properties. so you still have a very inflated market. High inflation in housing and in a lot of other areas.

But anyway, so that's a little bit of a look at the S P. I'm concerned that that could create a little bit of a headwind. Uh, you know, the market being down in a bull market doesn't really matter, but being down in a bear market, this is where fear sets in. And I don't know how the Algos adapt to market being up or down, but it sometimes feels when the market's down that there's much stronger headwind.

so that's something to be aware of. Um, a reminder for those uh that are tuning in for the morning show on Youtube. Thank you as always for being here. the Youtube.

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Okay, um, so there's Daytrade Dash. There's the Warrior Chat. We've got about 90 seconds to the top of the hour. so I'm watching the top of the hour for possible breaking news and we'll see if that gives us some more opportunities.

Okay, so S P right now. leave that alone. Let's just take a look at the overall market. Olb we've got uh, sort of triple top here at 36.35 so I'm watching in 30 seconds at 9am to see if there's any fresh headlines at 9am.

All right. so coming to the top of the hour astr popping up but lower priced. not seeing anything so far. Tgl.

So you know the problem is these dead cat bounces. Jay-z Tgl. I mean, you know that there are possibilities, They're all possibilities, but I just don't know if any of them are actually going to work. I would look for Olb off of around 222.

that would be a nice spot for a bounce so often. Looking for a retest of the previous breakout spot which was around 220 222. So I have a couple different news feeds that I use. But one of the things I look at even more closely is my small cap high day momo scanner.

I want to see something squeezing up like right now. if I see something moving up right now. Then I start to think, okay, there's there's probably news on it. Now that's not always the case.

Sometimes there's not news, but there's just it's spiking up. So rather than look for every news headline that's posted, I look for what's moving. and then I can just see on that stop. individual stock, what's the latest news? So you've had a couple false breakouts on Olb.

Five minutes. Not really perfect in this area. Unfortunately, that's going to create resistance I think on the flat top, but there you got a break up to 39.. nice strong volume on that candle.

so we have the high there 41 and then this area forms a 10 second micro pullback following the breakout. It's a five minute breakout so these can be worth watching. Macd has moved against the trade though because it was such a long period of pullback. If it was really strong, it would have gone much sooner.

It did pop up, but now it's a little hard to trust, so rather leave money on the table but have money in my pocket, then over trade and give back profit. So right now just watching. So that was a breakout candle for sure. But the five minute wasn't really perfect.

Uh, that candle both hit a new low and a new high, so it has a pretty big range. Yeah, I see nerve curling up there just a little bit. The volume is lighter. I don't know if enough traders are watching it since it's a gap down.

right now. it's only a two percent gap down, but it is a gap down. Yeah, no. and I I just said that.

um, we're looking at that as end of the year, early next year. Yeah, I saw Astr had some news. It popped up there to 110 and pulled back. It's a little on the cheaper side, I'm not sure if it's gonna give us, um, any more momentum, so we've got about 20 minutes to the opening bell at this point.

Right now, pre-market session has been pretty slow. Olb went a little higher but now it's back at the breakout spot. so pretty narrow range on this one B way. the high back there was 60.

this pattern and you know we sometimes will take a trade like this where a stock will be under view app and you're looking for that snap that pop back through V Whap? You know that can sometimes work but the 200 is kind of right there so I don't really think it looks that great right now. I think given the condition of the overall market being green is by itself and a pretty solid accomplishment. What I would want to see on Olb would be a five-minute consolidation here proving it can hold this level. I wouldn't get in uh, before the five-minute candle breaks because that would be premature.

So high. This five minute candle right now is 42. so you see how you have that kind of break right there. That's always tricky when the candle opens right into a breakout.

Sometimes that can lead to an acceleration. This would need to rip through 45, 47, and 250 and hold over that level. Macd is trying to open up a little bit. G-r-i-n Yeah, I didn't look closely at that.

It does have a large spread. Of course I wish there was something a little more exciting, but uh, Olb is up 40 so I'm I'm sure that traders are watching it. So so the best catalyst it's This is a really tricky thing because while you may have something that you might interpret as being a stronger catalyst, the market may not agree. And when you have a chart that has the 200 moving average right above it a lot traders look at that and say, well, that's resistance and and not even look more closely at the catalyst.

So you know while this has received a new Fda clearance, you know people that are in the know on this type of stuff will know really how significant that is. You know, are they receiving Fda clearance for something that other people already are in a well-established business with and they have already gotten it themselves. In which case, you know, who knows how big of a deal it really is. So you know I and I.

I can't say without looking more closely, but I look at the chart and if the chart is telling me that it's not breaking out and people aren't that interested, then you know that's that. Olb ends up kind of being a false break out there because it went just like a penny higher and then dropped so about 15 minutes to the opening bell. Aside from a little profit on Uh Olb, nothing else I've traded and I don't see anything else that looks great, but consistency is what it's about. So my trade on Olb was along at 2 18 to anticipate the break through the pre-market highs and we got a nice move there up to 236 so didn't take the next leg higher.

Given that I didn't really like this five minute pattern, but you know, one trade pretty much and green on that. Can't complain. So our Gap scanner for the most part is likely set. It's probably we're probably not going to see any new stock in the next 15 minutes move to the top of the Gap scanner.

I mean, it's possible, but it's unlikely. So Olb this one is worth watching at the Open because it is the leading Gapper, so I'll keep an eye on Olb going into the open. Uh, and that's kind of it right now. And so the only reason I really like it is just because it's the leading gapper.

And so I'm thinking back on some of the price action we had on drug on some of those early days and how we got some nice moves at the Open so we'll see if we get that. Obviously it's on the cheaper side, so that isn't my absolute favorite. It can feel a little bit more like a grinding stock, a little choppier, but there there may be some more opportunity on it since it is the leading gapper today, so that's kind of my game plan right now. Not sure I want to hold a position from pre-market into the open, but maybe if maybe if something sets up I I would consider it.

overall. Market S P 500 to look back there, I've got it up in this top chart here. that's usually where I keep it. So uh, I just have that chart there and obviously you know pretty sharp.

Pull back from Friday so we'll see where it holds up. Olb has offered a few nice dip trades already. Yep, so that's worth being aware of. Might be a stock that is easier to buy dips on.

high up there is 43. We're only three cents off that level, so we'll watch for the next dip the next pullback. So Jay-z Dead Cat bounce potential? Um, I mean yes there is, but it's just kind of discouraging how hard this thing sold off. so I'm just not really sure.

I don't know. my all right. So as we approach the opening bell, Olb is still worth watching. Oscillator Here been making lower highs as we're um, kind of condensing into this tighter range, pops up, but doesn't really open up.

so not my favorite. Uh, but certainly if it breaks through 43 and we rip through on high volume. 45 47.50 you know that would be that would be fine, but I just don't know if that's going to happen B way. this one, uh, under the 200 is really not my favorite.

so leaving that one alone for right now, Smp is starting to kind of curl just a little bit, but still. light volume pre-market so the low back there was 32 on Olb Dip Trade there for me on Olb and watching an ad over 38 looking for a trade here. A nice dip there. So now watch for a possible trade.

New orders at 43 added right there at 40. next ad is 42. So this one, uh, we're starting to set up a five minute pattern and I'm looking for the break on this through 43, going into the open, watching for ads at 42 and 43 for a squeeze up to 250.. So I'm looking for 42 to print and then once 42 starts printing, I want to add for the break of 43.

So holding right now 37 average high volume on this green candle. We've got a five minute pattern and kind of like I said on drug because it's the leading gapper and a lot of traders are watching it. I'm thinking that we get a squeeze at the open up through 250, maybe 255 260. that would be nice.

So watching this high volume candle there 338 000 shares new orders at 42.. So what I'm looking for on this is a five-minute candle to make a new high and then that squeeze through 42, 43, 44 and then up through 250. added a 38. So first five minute candle make a new high is going to be over 41.

So our five minute setup is forming here. This five-minute candle has just a little bit of time left and then when that closes, 41 is the first five minute to make a new high. So watching over 41? 42 for the break of 43 and let's see if we go right to 45 47 on that break. So ready to add into the high here of 41.42 for the Breakthrough 245 and 250..

there's 40 on the Ask. This is a one minute micro pullback right here. so in this area I can add between 32 and 43. Anywhere in that area is fine and looking at the Open for a squeeze through 43 up through 250..

So we've got less than five minutes the opening bell. I may end up holding this into the Open for the Breakthrough 43 and 45 and then up to 50.. So I'm waiting for 42 to print to add to anticipate that first five minute candle making a new high and then squeezing through the highs, watching Green on the tape. 40 on the Ask.

One minute is set up well. So as we come into the Open, we'll be watching Olb for the Breakthrough 245. and then looking for that squeeze up to 250, 255, 260. I'll be looking to add off of 232 and add through 243..

So that's our game plan here coming into the Open. Uh, Day, Trade, Dash and Warrior members. I'm going to keep broadcasting those tuning in on Youtube. Thank you guys for being here as always and I'll be back at it first thing, uh, tomorrow morning for the morning show and hopefully we have a little bit of a better Gap scanner, but we've got some action here added there at 41.

next adds 42 43. So see how we're starting to pop up here? Watch for the squeeze through 243 and we'll see if we get some more action on this. Going into the open, there's 43 added 43, there's 44.. now looking for 45 booking a little profit? New order is at 47.

watching this dip here added at 42. Looking for the pop back up through 44. And thanks again for those tuning in on Youtube reminders Always! Trading is risky, so trade cautiously. So I'm looking for this to break through 250 at the open.

we've got about a minute to the opening bell.