All right. Well, it's about 9 a.m 8 58, so we'll see if we get some breaking news here at Nine. So far, the leading gap is only 30 percent as a 24 million share float. so we are, uh, you know, still in a fairly bearish market.

The overall market? The S P: Despite me shorting it yesterday, I lost as it popped up here, but then it rolled over, sold off, and were on new lows of this stair stepping down pattern on the daily. We did have a pretty strong ascending support Trendline here, which has been been in play for a very long time. If you go back, you can see way way way back. I mean, this is a spot where it touched that back in 2009.

so we're appearing right now to be breaking below it. And you know we. We did break above it back here. We came back below, We came back up to it.

We came back below. We got above it. We came back and retested it, and then it was above it. So right now, as it's coming back down below it, we may get a relief pop back up to retest it in the next few days if it stays below it.

But it's certainly certainly a sign of overall weakness in the market. which is no surprise everyone is aware of this. Of course, the price of bitcoin has also dropped quite a bit, so that weighs on some individual stocks as some individual stocks are in the bitcoin space like Mara Uh, this one has been selling off quite a bit. It's down from a high of it's down about 90 percent over the last six months, so that's pretty bad.

Um, but so we've got some uh, bitcoin stocks that have sold off quite a bit. Not interested in trading those long or short, just don't have any interest in it. So right now you know, my thought is to wait for something that pops up that has the look like it could go parabolic. Now we might only get a base hit out of it, but I want to look at something that has the potential to go big.

That way, I should at least be able to get a base hit. If I'm looking at things that I think only have base hit potential. that's probably more likely to be a strikeout in this market. So the quality standard has become so high that I'm gonna be not trading a lot right now.

And that's just because there's an inherent bearishness to a lot of these stocks. There's not enough volatility. It doesn't matter whether you're long or short, we need range. We need more volatility to do well.

So this is, uh, of course, part of trading. You can't have the good without the bad. so you've got to be able to get through the slow periods to get to the next hot period. And there's different ways to approach it.

But that's um, you know, got to be the focus right now. So uh, for the time being, it's about 901 and I am sitting tight hoping that something pops up here before the opening bell. That looks really phenomenal, But my expectation of that happening is pretty low. But I have to show up here because you never know it could.

Hap. you know that's that's part of the deal with trading. You have to show up because you never know. Just like that, you could have a quick change in momentum and all of a sudden something starts opening up and uh, you know, just like that, Uh, we're We're off to the races.

so I have to show up. I have to be here looking and ready for the next opportunity. And if we get it today, that's great. If we don't then, uh, you know I'll show up again tomorrow to do the same thing.

So continue just waiting for those strong opportunities. Let's see. Uh uh. Cgem, which is currently our leading gapper, has high day volume on a red candle.

This is a very clear reversal indicator and that popped to 10 and 11 cents and is now pulled all the way back down to 9.41 Okay, Bwv from yesterday. Yes, it ended up, uh, going up to about 680. It's still in this consolidation. What's going to propel it through that 750 level? I don't know.

I mean it. I. I don't see that. I don't, just don't see it happening.

But we'll see Sky H. Someone was mentioning this one. I came up to the 200 yesterday, but red Candle pulling back down. Imte below the 200 as well.

New Egg? Uh, I'm not sure I hadn't looked at it. Hmm. you you see Gem pulling back a bit more? Yep, it's about 908. We've got 22 minutes of the opening.

Bell scanners are pretty quiet. Cgem was the last one that hit the momo scanner. Yeah, I don't trade penny stocks generally. I mean every now and then I might trade something that's like 95 cents for the break of a dollar.

but I very rarely trade penny stocks and I don't trade Otc stocks. Wow, sorry about that. A little bit of bark bark. Well, it really is starting to be a very nice time of year.

Uh, here in New England We you know we have got such a short season of nice weather, so as the market cools off a little bit, I'm trying to remind myself not to get caught into sitting in front of my desk all day long during the nice weather to get outside and try to just be grateful for the year. And I think that this is, uh, it's hard for me, you know, just to put it out there while we wait to see if anything pops up to adjust expectations. because I I am sort of inherently feeling a sense of disappointment that I'm not doing as well so far this year as I did last year. and so I'm kind of hard on myself and I'm having a hard time, kind of enjoying just you know, any given day because I keep comparing myself to how I did last year.

Uh, you know, and the fact is, with trading, you are going to have some years that are better than others. This isn't the type of career where you're just going to get two percent raise each year. You're gonna have some years where you might do twice as well and then the next year you do half as well. So finding some, uh, sense of oh, you know, like being able to accept that is important.

And so I started thinking about this is, you know, during covet, I feel like there was a sort of a feeling of like just getting through this, like just surviving like it. Like I don't. My expectations are like so low. I don't sort of have to do the things I would have typically been thinking I should do because everything's sort of on pause because of this big thing going on and in.

In a way, it was kind of nice to be sort of off the hook, um, from those expectations. But then as it turned out, you know, trading was quite strong. So now I'm trying to remind myself again that you know any day, any year that you're walking away with a little more than you had beginning of the year is a good year. You know you're gonna have some years that are better than others, so you just have to find some peace with that.

Otherwise you're just going to make yourself. You know, really, really frustrated you you? So it's about 9 15 here, our leading gapper, Cgem, is pulling back. Yeah, this is a Gap down reversal. So you had a strong sell-off on this, but it's coming back up a bit.

Looks like they had earnings out, you you? Yeah, although C G E M is the leading gapper, it's just pulling back quite a bit. Spreads on bros. uh, make it a little tricky. It's got resistance around 24.35 so nine and a half minutes the opening bell.

Overall, market gapping down slightly. Nothing. nothing crazy, but just continuing the sell-off. No obvious setups that I see right now, so while it's cold, we're about coming up to halfway through the month and I've got profit on the month.

Had a good first week, so right now I just want to hold that profit and wait until we see something that's really obvious. and then I'm happy to jump in and get aggressive. I don't see anything obvious right now you. So given that we don't have any strong gappers, to the upside, I don't really see what's going to give a stock a nice squeeze today.

Aside from something coming out with news, you know, sometime this morning that hasn't already released news on the Gap down scanner, we've got Tnon which is, uh, I can't I don't have any shares to borrow on that one. we have year which is a dollar eighteen bros down thirty percent, but curling up a little bit by Nd at twenty dollars down twenty percent. Also, curling up a little bit. So these are Gap down reversals.

You can get base hits on them sometimes, but I'm really not a big fan of. um, Gap down reversals. Your upside is inherently limited. I don't usually hold a position from pre-market into the open, but I will occasionally.

If there's a stock that's opening right near its pre-markets hot pre-market high, then I'll look for that continuation into the open. Yeah, and this is the thing with Bwv it. You know it keeps kind of having these little pops where it pops up a little bit. Um, but then they're not super well sustained.

So you get a little pop and then a pullback, a little pop, and then a pullback and it really is kind of hard to trade. It doesn't have what I see is a clear catalyst. Let's see announces expand. I mean, they've been putting out these little headlines like every day your level that you would want to see break would be seven 750.

I mean, that's that's the level that needs to break so I don't know. You can keep it on watch. You know, you never know. But it doesn't strike me necessarily right now that we're gonna get that follow through on it so it's already rejecting.

All right, All right. Well, cold morning, nothing moving, so we'll sit tight. We'll see if something starts to open up, but expectations today are very low. Very likely it'll be a no trade day since I have no trades going into the open and I'm not going to be trading the S P 500 the way I did yesterday, so that was the one I broke the ice on, went short on the S P, ended up you know, losing 7 000 on that, and then trying to make back some of those losses on two other trades that weren't really that great.

So I'm going to go back to kind of resetting as if it were tomorrow morning or sorry yesterday morning and say there's no gappers. There's nothing that's looking clean, so probably going to be a no trade day. Everything that's popping up is just sort of fading and nothing's really popping even that much. Anyways, not enough to make money on it, so patience got to wait.

Can't get through the bad slow markets. You won't be able to trade in the hot market so just gotta get through these. So that's the game plan here. With about a minute to the bell, hopefully we have some better action.

Uh, tomorrow, that'll be my hope. Maybe we'll have Wild Card Friday like we did last week. All right, so that's it for me. Reminders always.

Trading is risky. My results are not typical, so take it slow and I'll see you guys back here first thing tomorrow morning. You.