Let’s talk about systems vs. goals.
When you look at the pyramids, they seem incredibly complex. But when you get down to it, it’s all just a series of simple blocks. When they come together, they create something amazing.
The same goes for trading. My goal as a teacher is to try to combine a ton of simple concepts. Ultimately, they can begin to form a very solid system for trading.
Here’s what’s going on today…
We didn’t talk about Regional Health Properties Inc (NYSEAMERICAN: RHE) yesterday … But it sure did spike! It’s my main watch today.
This is a great example of why I love maintaining what I call a rolling watchlist. Past runners can run again. RHE seems to be following a pattern similar to what Brooklyn Immunotherapeutics Inc. (NYSEAMERICAN: BTX) did over and over for the past few weeks.
The point? When you get low floaters that hang around like this and go from red to green or break the squeeze point, there can really be some big moves.
I confess ... I bashed Precipio Inc (NASDAQ: PRPO) yesterday. But when it went green. It really went for it. I explain why it could be back in play today.
When a stock like Nemaura Medical Inc. (NASDAQ: NMRD) fits several of my favorite patterns, I definitely take notice. I explain why this low floater could be a dip and rip early or an afternoon VWAP hold later in the day. Check out the chart to see how it did...
Another low float Scamex stock! I think it’s important to be patient early with plays like SunLink Health Systems, Inc (NYSEAMERICAN: SSY). However, I’ll be watching for a break of yesterday’s highs and a potential afternoon VWAP hold…
SemiLEDs Corporation (NASDAQ: LEDS) is spiking based on rumors. Personally, I don’t like rumor plays. I think there are better options out there. But with Friday coming up, plays like this can pick up speed. I’d consider keeping it on watch tomorrow…
A follower asked about American Shared Hospital Services (NYSEAMERICAN: AMS) … I see it as having potential with a break of $6 or as an afternoon VWAP hold.
While Mudrick Capital Acquisition Corp. (NASDAQ: MUDS) and Plby Group Inc. (NASDAQ: PLBY) remain top swing watches, they weren’t doing much as of the premarket. They’re hanging around, but I’m still just watching.
I commend Alfi Inc. (NASDAQ: ALF) on their vague, buzzword-packed website. They’re true masters of corporate BS! As of the premarket, I saw this IPO having dip and rip potential.
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*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
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By Stock Chat

where the coffee is hot and so is the chat

9 thoughts on “Pre market prep- stock market 05/06/2021”
  1. Avataaar/Circle Created with python_avatars Njm says:

    Great stuff. Thanks for your insights! Subscribed 👍

  2. Avataaar/Circle Created with python_avatars Andy Salo says:

    I always appreciate your work,

  3. Avataaar/Circle Created with python_avatars SD says:

    Just bought the e-book! This is my way of saying thank you for learning about the late day VWAP high of daybreak strategy, hopefully I learn another great strategy from your book! Also hopefully someone learns the strategy from my comment right now instead of watching hundreds of videos like I did

  4. Avataaar/Circle Created with python_avatars Andrii Gorevych says:

    TIM, it is REEEEEEL BadASS when you talk corporate BS on outro music background!!!!

  5. Avataaar/Circle Created with python_avatars M-Gaming says:

    5* everyday!

  6. Avataaar/Circle Created with python_avatars Kolsba Jacob says:

    The wisest thing that should be on every wise individual list is to invest in different stream of income that don't depend on the government to bring money especially now that the pandemic is hitting economy pretty hard.

  7. Avataaar/Circle Created with python_avatars Billy D says:

    Liked the Intro

  8. Avataaar/Circle Created with python_avatars Craig M Kirk says:

    can you repost the ticker some of them are blurry to read thanks ;

  9. Avataaar/Circle Created with python_avatars Jae Treez says:

    Thanks Tim. Preciate ya my guru!!!

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