What's going on guys welcome back to the channel everybody thanks for tuning in appreciate you uh we're gon na run through the stocks that are moving today and a couple of the ones that move from yesterday. Don't have a ton of time this morning, uh! So we'll try to go through it pretty much as quickly as possible. All right so we're going to pop this on full screen. Real, quick, we're going to drop this guy down, don't need that boom boom all right, so we can start here with nmrd.

This is stock yesterday jumped up had a big move, so on so forth, stock is overbought. You can see we're trading up here at the blue, we're next to previous resistance, etc, etc. Take a look here on this screen. You'll see that we're trading right here at three deviations, etc, etc.

So, theoretically stock is overbought, but recently we've been seeing stocks like this run a little bit further, either way, i'm not extremely bullish on it, because we're already at three deviation price point. So it's already. You know pretty overbought uh typically, so i'm not real crazy about being extra long on this, i feel like this might give you sort of a confusing trading day that you're going to want to be a little bit more careful with uh. So for now we're really just kind of keeping nmrd on watch for the time being now you know i could give some more detail here.

I mean you have some little supports in here like 1186, and you have in some supports here at like 1093, but, like i said it's it's kind of confusing. I don't even think i'm going to be trading, it i'll, probably just be avoiding it, but this was a big mover from yesterday. So, of course, i have to mention it here today, all right next one i'll talk about is alf. This is a penny stock that started running this morning.

It's also a stock. That's a recent ipo! It's not really running on any news. I don't believe it's just up. So unless there's news elsewhere in the world outside of thinkorswim, the stock is running for pretty much.

No reason uh so for now we're probably just going to be bearish on the stock. Only because it's running with no news, i can't really justify the price action. I myself don't really understand it that much we're already a little overbought in this trend. That's why we've come down, so i don't really care for it on the short side and i don't really care for it on the long side.

I think this is one that, for the time being, i'm just going to avoid even trying to trade for one can't even get shares of short on it, so i can't participate in the downside. It's a recent stock. Ipo has no news. So, what's the reason for the actual run debatable, but the thing is this is a recent ipo.

Sometimes they have some crazy volatility for whatever reason, so it's really good just to watch in case, but for right now again, it's hard to justify why it's moving, but sometimes the recent ipos essentially crush it. Now we'll give you price targets and all that good stuff. So we're going to start here daily chart. As i said, it's a recent ipo, so the daily chart doesn't even give you any information to go off of so we have to use the four hour chart which i was using to base my short entry, which i couldn't get because there were no shares of Short, so for right now, kind of top tick resistance we would assume, would be around six dollars and twenty cents um and really that's all i'm going to give you i mean.

Maybe i'll give you this one. If the market pulls back down to 483, there's probably a little dip buy in that that area you can see where the 483 comes into play had that flag. Snap up bam bam so right down. Here is probably your most recent support area where you'll try to get a little bounce off this down, move okay on to the next one, which really we'll see if bd so ifbd is a stock that just jumped up this morning, i had just taken a bearish Position starting short here, covering this bottom uh, so we're going to be watching this one, both long and short bias.

The reason we're going to watch it both long and short buys is because i think it got some news about some saas stuff in china. Uh network news: why are china is the next frontier in saas revolution? So we'll see sounds like a bunch of fluffy pillows to me, but you know what we're going to do is probably remain watching this slightly bearish for the time being, until we recognize a ton of buying strength, and the reason i say bearish for now is because, If you look at where this red line is that's at the price point of 460 and if you look at the four hour chart - and you look at this - so basically these two red lines pretty much anything above these two red lines - was overbought. So the market effectively went to the overbought wii. I myself at the top of 486, started selling it short to bring the market back down because it was starting to get a little too overbought.

So the way that it really is is we were bearish. We pulled it back now. Some people are dip, buying trend it just it just doesn't look like it's really meant to be a big long for right now, so i'm optimistic that it can turn into a long throughout the day, because we've been seeing that sort of momentum, but for the time Being i'm gon na have to stay uh with ifbbd more more on the bare side. For the time being, all right now we'll do is take a look at um we're going to take a look at the market, but before we do that, i'm just going to run you through the earnings reports that we're probably going to follow.

Etsy we're going to follow this one uh paypal we're going to follow that there was another one paypal etsy and it's coming to me. It's not coming to me. What was it can't remember? Damn it should have shorted ifbd again, but i didn't that's sad sad day in the market um hold on it's coming to me. I gotcha i gotcha.

Let's see twilio uber uber, that's the one, that's the one! So we're also gon na. Be looking at, like i said, uh uber, so um real, quick, look at what just happened to ifvd. I was literally i actually in this video right now. I clicked short 1 000 shares right here and then the order was taken a second to go through.

So i cancel i'm like whatever we'll just give it a second and then just bam, just down so kind of salty about that, but yeah short of this top covered. That bottom was gon na short this top, and then i didn't so anyways all right so going over to uber really quickly. Um give you some some price points so for uber this is kind of our target to go through. So if uber is going to continue going down - and it's going to turn into a short, then we're going to want to go through this white dotted line which comes into play at 48.72, you can see what happened yesterday after hours as uber dropped down to the 4872 price it got sustained there.

This is only a half deviation, so this means that effectively the price of uber has gone from whatever full deviation down halfway to the next one. So i'll show you what that looks like it's going to be. On the four hour chart, i believe yep. So if you look at the four hour chart essentially from this yellow trend, line to this green trend line would be a full one move.

So just think one, and then this dotted line in between is just halfway between the yellow trend, orange trend or that green trend so effectively. This white dotted line is the halfway point from this to this. So it's possible. We see the market sustain itself here on uber, i'm never one for kind of trying to support markets at halfway point.

So that being said, i'm probably gon na stay more on the bear side of uber for now uh until it proves that it wants to hold it so for now we're gon na watch uber more on to the bear side. Looking for a snap below 48.70 to trade, more bearish and then if in the event, uber does actually go through that point um, i think we'd have to go to the daily chart to get our next support, which is never mind. That's a lie. We don't kind of okay um, there's more to it.

Now that i'm looking at this and we get a half deviation down there, it's like what do you even run down there? That's kind of far-fetched. I think i'm trying to do this quickly, but i keep looking i'm like yeah well, i could do this and i could do that. So this is the intraday resistance for us 50. This is what we want to break down.

Um. You have another trending target down here at 44., so i'm just going to keep it simple: intraday resistance for uber, 49, 99 50 and we're looking for snap below 40. 70.. 4870.

Excuse me all right: let's go over to paypal, okay, paypal, um, so sorry daily char boom boom boom boom. Let's look at the four hour because we can't really see the move so the four hour here drop down to trending support levels, bounce back up to the halfway point here you can see that look at this earnings move down towards the one dev mark could have Dropped to a daily chart level we'll find out sooner or later, so we drop down here, bounced all the way back up and then look where the market's kind of sustaining itself right on that halfway. Point that trend right there so we'll make this our slight intraday resistance, obviously because the market has rejected it so far, so we're just going to respect the market um, then we will take a look at the daily chart. So if we go to the daily chart, we had to move down to there so and we got something in there.

I know it's so many lines it can at times get a little confusing. We don't need that one and now, let's take a look at what we really have going on all right, so four hour deviation daily chart. Half deviation daily chart support all right. I think 243.

The other chart supports down there. Hmm interesting yeah, this one's slightly confusing. Now let me just go back and look at the longer term charts. I think we have to stay more on the bare side of paypal for right now, maybe looking forward to swing back down towards like 253 today, but this formation is kind of confusing to me.

So i'm not not trying too hard on it, but i would say if this swings down to 243 and below or 253, that's where you can see some extreme weakness. So it might really be a short for paypal down to 253 and even look for it to maybe go through the 253.. All right last one we'll look at is etsy, and then i will take a peek at the market and i'll. Let you guys go all right: etsy is down kind of a bit.

We have half deviation mark there, i'm not going to color code them all, i'm just going to keep them red lines so etsy down to there cool. We got a price right here: cool um, yeah, i feel like etsy - is going to try to bounce back a little bit here - maybe some more so maybe looking for etsy to move back into the targets up to 173 for right now and then look for slight Resistance there, for the time being so than that guys, that's pretty much today's watch list, i'm going to run through the nasdaq i'm going to run to the spy very quickly for you guys, um. This is so far the halfway point. Support we've been holding.

You can see yesterday, uh nasdaq comes down to this dotted line. Then it comes down here after hours. Then it comes down here pre-market. So essentially the market needs to hold above this price point of 328, or else it's going to kind of flop over.

So if we go look at the four hour time frame, you can see look at this halfway. Deviation trend line coming into play right here. You can see exactly how those wicks are coming into play all right so effectively. We want to go below this point of 328 24 to see more bearish movement on the nasdaq, which i think will happen and then, if we do in fact break that price level um, we should come down to the next one, which is uh 326.99 and then Of course, if we go through that price level, we should see the market uh see a little bit more extended weakness, okay, um and that's that's pretty much.

Today's watch was for you guys. Alright, everybody take care, have a great rest of your day and i'll see you guys in the next video.