Good morning, ladies and gentlemen, everybody welcome back to your pre-market watch list. Uh. We got a handful of stocks to cover, so i'm going to try to go through them as quickly as i can, while giving you guys as much detail as i can so we're just going to start rocking and rolling. We'll start with one of the good stocks.

Today that jumped up, which was c h, m a anyways, this stock jumped up. I ended up shorting up here covering down here. It's been trading, okay, so far, um, it's a stock that uh got some news on a merger yeah. It's got some merger news here, um so another company's going to acquire it going to merge with it so on and so forth.

So this might give us a good trading day. I again, i usually don't follow mergers, acquisitions and buyouts too too often. So again, they always trade a little funky to me, but either way we'll keep an eye on it to see if it gives us any sort of good movement, but a lot of times, stocks that go well for sure stocks that go through a buyout never end Up moving stocks that do some mergers, um end up moving a little bit so we'll see if this ends up trading. Okay, the news is pretty pretty decent on it.

Um i've already been on the short side. The reason i went on the short side, as you can see, with this move, it jumped all the way up to this red trend line. So basically, when i was shorting, it was here off this red trend line and then we pulled it back down to this trend line so again, i'll put two lines ready. So today's morning, trade was a short up here and a cover down here so shorting from red line to yellow line, and then you'll see what happened at the price action the stock.

It went up here's the red line, which is really that red trend line and then it sold down to this red trend line, which is really just this yellow trend line and then it bounced and then the bounce went where the bounce went almost back up to Um i or it did let's see, and then the bounce went halfway of that. So again, if you think about it, this is you can think of this move from this red trend line to this yellow one. This move is what we call one deviation, so you could just think of that as a hundred right, so we went from the red line being a hundred down to zero back up to fifty. So you guys hear things about fifty percent retracements and so on so forth.

So this 412 price was the halfway mark between yellow and red line. Our trade was from red line to yellow this bounce was from yellow back to the midway point, which is the half deviation and that's where the market's sustaining itself so going into the open. This halfway point is probably the breakout, um and then this well. This is a breakout that would then take you up to your next resistance of 444 and then for a bigger breakout.

You'd need to go through the pre-market high. Now the support is down here at 380, as mentioned by that yellow trend line. So if the price ends up rolling down going below 380, that's where you'll see some weakness. So there's a good chance.

You see the markets kind of battle in between this 414 to 380, trying to push it up and then swing it down so either way. We'll be following this closely: uh throughout the day, let's give you some some more detail which would be in the event. This does end up going long. I wouldn't be buying it over the prices of 5 10 to 6, something or yes, 6., 5, 10 to 6.

Wouldn't be oh 596 yeah, it doesn't matter five to six. I wouldn't be buying it over so again. Buying over five would be here up to here. Once you cross and look where this mark is remember, i said i wouldn't buy over five.

Five right now is the intraday three dev, so the intraday overbought price also lines up with long-term resistance. So again, this up here is a high risk buy zone right now. Right you you're. Basically breakout levels are down here with potential targets, all the way up here, and this would be overbought, and this is where short sellers would look to come in and start selling it down again, which is also what i would end up doing too.

All right, so the stock veru is currently jumping up right. Now, it's up to about 1165, which is a very, very good jump um, and if it gets closer to 1204, we should see a rejection here. So i might even do a little little trade here on veru up in the 12 prices for a short move and i'll try to explain this in real time and see if it works. So if you look at the daily chart, so if we go to the daily chart on veru, it's having a big run up and you'll see, the daily chart has a little gap fill that starts there, and it also has the long term regression or zero or Mean level so again would look to be bearish on veru at the 12 price right now, we're all the way up to uh.

You know 1165, which is also that is nothing. There is nothing there, so in the really just hoping i'm really hoping this just goes. All the way up to 12 to 12 31 and then we can bet bearish there for a correction move on the downside, so that's kind of a quick trade that you guys probably won't end up being able to capitalize on by the time you see this video, But you can go back well, you can watch the video and then go back and look at the stock and then see how it performed right so that i'm giving you analysis that isn't hindsight 2020 and you can come back and see just how correct it actually Is so i will be looking for a bearish move at 12 to 12 25., so right now the long target up is up to about 12, 14 or yeah 12 12 25 area, and that's where i would look to be more bearish on so we'll see. If that ends up ends up happening and then you can come back and you know check the video and see how it end up doing all right.

So let me put that another screen before it. Uh makes a move, and i forget about it all right. So next thing we're going to talk about is going to be gamestop really quickly. So gamestop still bears sean, as you can see it broke down the other day.

We swung a little lower we're holding the 50 moving average. This is exactly what we had mentioned in the youtube video the other day which may have been yesterday. We are bearish game stopped on the day, we'd, probably see it go down towards a 50 moving average and even try to hold the 50 moving average. We held it once twice bull flag and then you can see it broke up to the upside, so our target was met for yesterday on the downside, we're still bearish on the stock.

Looking for it to come down still like 140 prices. 141S. We really want to see so overall we're going to remain bearish on gamestop. We do think that this this price action trend you see here - let me put a trendline here this one - that i'm drawing believe that that trend will break, and you will see this end up rolling lower, so we'll see the apes are strong.

The battle is still on and we'll see who ends up winning all right. Next thing that we'll talk about here will be what was dpw just want to see if it's still up, okay, dpw kind of crashed down, but something to take note of is that it has come all the way down to this. One deviation mark so either way. It's pretty much gone from overbought to really oversold, so this is the time period where we could start seeing.

Dpw try to come back around into more of a long move. Okay, so we might kind of be on more of like swing longs with dbw. At this point, all right all right next thing, we'll talk about is neo. Give you a quick update.

I was really only seeing prices up to maybe 38 80s today to 38 90s on neo, we'll see neo still following sympathy to tesla, so you need tesla to have a good day and into the market to have a good day for neo to continue having a Good day, so for now, really just on standstill, uh with neo for the moment, okay, um and there was one other penny stock. Atmx uh atnx was up today, too yeah atnx. This might end up actually having a long. It seems kind of odd because it's down we'll see, and if it does it should it should bounce around 467.

So we're kind of looking for atn x to retrace all the way down to this 467 price and then maybe turn it like sort of like a u-shaped long right and the base way i can explain, is if you look at the screen on the right. It just shows a nice long move on the stock at x up and then it's pulling back and you can see where the trend is at trend. Support comes in at about 468., so this is a good price for the market, we'll try to kind of bounce. It or maybe support it today, but if it can't hold this 467s 470s, then we'll just let it go and it can do pretty much whatever it wants to do all right, uh, there's one more ah blrx.

This is from yesterday now i will say that blrx is kind of confusing even to me, because yesterday it jumped up and just kind of whips out all day, we're still in the overbought level. I kind of think you're going to see a bearish day on our on our blrx okay, so overall i'm bearish blrx the way i see it is once you successfully get below the prices of you know. Basically, five. I think it's going to swing down towards 466.

On the day, so, somewhere down here towards this green mark is where i'd anticipate that we'll see blrx go once we get through the five dollar mark, all right, um other than that. That's really the watch list again. We'll watch veru we're gon na keep a close eye on this chma stock um and then you know veru for right now and that's pretty much it guys. Um hope you learned something new hope.

You, like the video, make sure you hit the thumbs up and i will see you guys on the next watch list.