All right. Well, good morning everyone. It's a little past 9 a.m and I'm sitting here looking at Gap scanners. We'll go over the watch list for this morning.

Haven't taken any trades yet? Uh, overall market Before we look at the Gap, scan is gapping down. Gapped up yesterday. got back down today. So these overnight gaps are kind of tricky, but you know that's the overall market.

We're of course, trading individual stocks. generally speaking, as day traders, they have a reason to make a move. So I'm not going to focus too much on the overall market, but just take a peek at it. So the leading Gapper this morning is Obci up 115.

but you can see the way it's trading sideways and as soon as I see that, I know it's a buyout. I don't have to read the news. you can read the news if you want to and what it'll say is it signs definitive agreement to be to acquire the local boss. So that's a buyout.

All right. It is what it is. So the value of that stock has been determined. Next one down, Usws.

Eventually it'll get de-listed and you know it'll be gone. So Usws? all right? Well, this one is a little on the cheaper side, which you guys know for a broker like the one that I'm using cost me money to trade. So uh, I'm not sure that I'm interested in it, but we'll keep an eye an eye on it. Um, Qtnt 77 million share float under a dollar bhat 83 cents Popped up selling off Dnay 259 below V popped up selling off Revlon.

This is like day five of the move. One two, three, four five six. I mean, it's been going for days, but I missed this big candle. You know this is a four a.m pop.

I missed that. Of course I wasn't sitting at 4am. It moves up a little bit more. 6 30 into 7, 7, 30.

You know? the thing for me is that these types of stocks can be really tricky because you're to have a high level of institutional trading going on with it. This is Revlon. You know this isn't a small cap biotech company. This is a big company that a lot of people are familiar with.

So this is going to trade differently from those biotech pharmaceutical stocks that can go. You know, really crazy. This has moved a lot. It's up.

You know, 600 percent off the lows. The 200 moving average is at 8.28 And you know, basically in five days, it bounced back to the price it was at back in April. So you could say, oh, it's a short squeeze. Well, it's only a short squeeze if you shorted sometime between you know, April and and now.

So yeah, some people have gotten squeezed. Who shorted it basically at all-time lows. but but not that many people. not the big money traders.

They're not getting squeezed yet. I mean, look at the chart on this thing. This thing has been getting pummeled and you know they've announced bankruptcy. They've got a shelf registration.

I mean, yes, this is a relief. Bounce off the low and maybe it goes a bit higher. But I don't think you're getting the big squeeze that you know you got on Gamestop you'd have. it.

Would have to go through all-time highs to get something like that to happen. So where are the all-time highs on this? Okay, right. So that's not going to happen Now you might. Again, You might get a little bit more on it.

Maybe it goes up to nine or ten. Maybe it goes a little higher and there could be opportunity within all of that. But for me, I find that I have more of an edge trading stocks on day one, or maybe day two of Breaking News. But really, it's day one of breaking news.

That's That's when I usually do the best. This is not day one of breaking News. Okay, this is also. um, I mean, it's fine in terms of price.

The float is actually relatively low, but this one's going to have a higher level of institutional ownership. It's in a sector that is not typically hot for momentum. You know, cosmetics? it's not. It's not hot for momentum.

So you know in terms of tape reading, trying to read the level two because you're gonna have so many traders from the last five days, sort of getting in and getting out, the level two is gonna be really hard to read, so I don't think this one's my cup of tea. And you know what? Maybe it's going to go without me, but I just don't really have the interest in in trading it. so I'm going to sit on the sidelines on this one. Maybe it goes to ten? I don't know.

Maybe it drops to five? I don't really care. So that's Revlon. Um, it's currently the fourth leading Gapper, and is, unfortunately, I suppose the most obvious one today. But sometimes the one that's the most obvious will happen to be one that I don't like for whatever reason price float, sector, And this one, while it seems to probably be the most obvious, certainly from a volume perspective 17 million shares.

I just see myself not trading it. Well, I could, just I could just see myself not trading it well because I don't think the breakouts will be predictable. I think that the, um, the pullbacks will be steep and and deep. and I just think there's too much risk on it.

So you know, and I'm sick. I'm still sick, So you know I'm sitting down here to look at the market if I saw some low hanging fruit. Some very straightforward, fairly. you know, As far as relatively speaking, easier trades go, I would pick up.

You know, the pick the low-hanging fruit. But I'm not going to stretch myself and try to trade a Revlon type stock on a day like today that I'm not really feeling 100. So it leaves me a little disappointed that I even sat down at all because I don't feel very good and there's really nothing else that looks great. We didn't have any good news at 9, 00, at 8, 00, 8, 30, or 9..

so we're sort of just left here. You know, coming into the open 15 minutes The open without anything that really looks that much better? So this is the way it is. Sometimes it could be hopeful that we have more opportunities later in the week so you can see no trades for me yet today. and with 15 minutes the opening bell or so, I don't see myself getting any trades before the open short of something you know popping up with news like in the next two minutes which is possible, but I'm not expecting that to happen.

You everyone? Yeah, 828 Still not holding the 200 moving average. It's got a hold above it, so there's that kind of deeper pull. Back down to the 790s, You know you could visualize this as a rejection off the double top. there.

39 double top rejection. You've got those two red candles. It's a pretty bearish pattern. Some news on Wksp: launching something with Walmart.

but uh, a storefront on Amazon, Ebay and Walmart. but I don't know if that's really significant. I mean, launching. I could launch a storefront on on Amazon and Ebay, right? And Walmart.

Marketplace? That's not really a partnership. Uh, I'm just reading it right now. but you know anyone can make a store make a become a seller. So let's just see.

Let's see. So Sym from yesterday with the Walmart News ended up selling off. yep, maybe Carlo, but I don't want to try to guess it. So with Wksp, you did end up getting a headline there at 9 15, but you would have to be pretty quick to jump in right here.

I'm just not feeling that one either. and this is important to know: when to put the pedal to the metal and when to ease off the throttle. So on. I don't know 11 million dollars or so in gross profit.

I'm sitting at about 2 000 off my all-time highs right now. No reason to be super aggressive. I have settlement margin in my retirement account, but it's not. Um, with leverage.

Reminders always that trading is risky. My results are not typical and most beginner traders lose money, so there's no guarantee you'll find success whether you learn from me or trade on your own. So you should take it slow. Looks like a false breakout on Wksp.

about a double top there 57 and then see how that becomes a gravestone doji rejection. hmm you c you. So overall market, you know, a little bit off the lows of the Gap. Down low from a few days ago was 362 17.

about eight minutes to the opening bell and it seems like it's just a slow day. So a good day just to relax, sit tight, wait for opportunities to present themselves. If they do, you know I know what to do. I'll step up to the plate, but I'm not going to get chopped out trading.

You know stuff that I don't think is gonna make a big move. Patience? It's important. Revlon has, uh, the volume for sure, but not as much range right now as it had maybe at 4 00 a.m You know that was. its big squeeze, but you know, missed it.

4am. Squeeze you you? Hmm. Okay, well uh. if I miss the opening bell game plan, we'll be watching scanners.

high day momo scanners at the open. We'll see if anything starts to squeeze up if something starts to move and becomes obvious. I think there's a lot of traders out there that are sitting on the sidelines like me that are waiting for something to kind of pop up and and show itself. So uh, we might get some good resolution, but right now just have to wait for that opportunity to present.

So I'm going to sit tight going into the open, look for opportunities as soon as the the bell rings, watching scanners and we'll see if we find one that is obvious. All right. So that's the game plan for today. Reminders: Always.

Trading is risky. My result's not typical. There's no guarantee you'll find success whether you learn from your trade on your own. So take it slow and I'll see you guys back here first thing tomorrow morning.

Those who have been tuning in for the morning show on Youtube. Thank you guys for being here. All right. I'll see you in the morning.