We’re back! Monday was a scary day in the market, but yesterday was a huge bounce day. Looks like we’re gapping up today...
Like I said the other day, patience is key in the stock market. If you’re just going to jump on the latest headlines and go into panic mode, your trading career will be filled with pain.
In these sessions, I try to focus on a few key patterns that I think are accessible to new traders. I’m not saying they’re perfect for everyone. But I invite you to learn them … Experiment, track your data, and see if they work for you.
Here’s what I’m watching today…
We didn’t talk about Neurometrix Inc. (NASDAQ: NURO) yesterday because it wasn’t moving yet in the premarket.
It had a huge move yesterday, and it’s my top watch today as a dip and rip over $15. I consider this an ideal setup for new traders — I share why it checks all the boxes…
As of the premarket, I’m hoping for a 9 a.m. chat pump to draw in the sheep. I want this stock to attract short sellers like the flies they are! I’d love to see a weak open, then a high-of-day break at 9:45 or later.

Pharma company Lexaria Bioscience Corp. (NASDAQ: LEXX) is like today’s Immunome Inc. (NASDAQ: IMNM). IMNM was a premarket watch that faded all day yesterday. I suspect LEXX will follow a similar pattern unless crazy volume comes in. I consider this a post-9:45 only sort of play...
A follower asked about AMC Entertainment Holdings Inc. (NYSE: AMC). I still think the MOASS (mother of all short squeezes) is coming. But I still say ignore it until the move happens. I explained this theory in detail last Friday — check the Pre-Market Prep archives to learn more.
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By Stock Chat

where the coffee is hot and so is the chat

21 thoughts on “Pre market prep- stock market 07/21/2021”
  1. Avataaar/Circle Created with python_avatars Rob U_73 says:

    I screwed up with this one. I was in 500 shares at 9, but it dipped and I got shook. Cashed out -$300 and didn't get back in. Well, F me! 🤣🤣🤣🤣

  2. Avataaar/Circle Created with python_avatars Farhan Chohan says:

    Tim, You are awesome!!!!!!!!!!!!!

  3. Avataaar/Circle Created with python_avatars Farhan Chohan says:

    Tim, What to do when they Hold? Can anyone tell what they exactly when they are holding it?

  4. Avataaar/Circle Created with python_avatars RudolphAnthonyG says:

    👍

  5. Avataaar/Circle Created with python_avatars Maybe Later says:

    Haunting feeling, you have, an then you computer freeze up ,on AMC. Great educational video and thanks for sharing this with me.

  6. Avataaar/Circle Created with python_avatars Dean HasSpoken says:

    Just wanted to say that I'm done waiting for the open on these low float pumps, was already nervous about using a third of my account to get a 100 shares of $NURO around $13, so what does it do… get pumped all the way to 18 before the open, guess ill sit around and twirl my thumbs for the morning now that its way outa my price range, enjoy the profits my fellow traders! Changing my strategies by the end of this week.
    My little ass account will get there soon enough!
    Thanks for all the lessons Tim!

  7. Avataaar/Circle Created with python_avatars José Lin Valores says:

    Why!!! Hulk Smash 🤜😡🤛 🤣

  8. Avataaar/Circle Created with python_avatars injectec says:

    Thanks Tim good show this morning. Unusual ending 😁

  9. Avataaar/Circle Created with python_avatars Joe Gallardo says:

    $NURO would have been a nice Dip and Rip over $14 if everyone didn't jump on it during pre-market

  10. Avataaar/Circle Created with python_avatars ♡Loveio☆ says:

    July 16th was the MOASS email BTW

  11. Avataaar/Circle Created with python_avatars Edward Vasquez says:

    Lol

  12. Avataaar/Circle Created with python_avatars ♡Loveio☆ says:

    "Sorry for the interuption folks! This moment has been brought to you by Tim's blood pressure." -STT Production Team

  13. Avataaar/Circle Created with python_avatars El Presidente Electo says:

    pulled up STT a little later in morning and was looking at $NURO. looks like the p/m HOD is $16

  14. Avataaar/Circle Created with python_avatars mdkallen says:

    Tim…you can't save them all. It all clicked for me yesterday. While watching the recommended, I noticed that NURO was spiking.
    1. Low float
    2. Increasing volume
    3. New highs
    4. NEWS!!

    It received my full attention. Jumped in at $4.55. Rode it up to $10. The system works. 👍 👍

    Now I just need to learn when/if I should hold overnight. 😬

  15. Avataaar/Circle Created with python_avatars pedro rivera says:

    Going hard there! Lol

  16. Avataaar/Circle Created with python_avatars Bradley Kiser says:

    Tim, did you cut the stream? AMC caused this

  17. Avataaar/Circle Created with python_avatars J says:

    The most cursed Pre market prep lol

  18. Avataaar/Circle Created with python_avatars JA122290 says:

    Guy broke the router 😆😆😆

  19. Avataaar/Circle Created with python_avatars Hola! Joe Bloggs says:

    Hahah keep the faith Tim, I am from the Sykes millionaire challenge, I will never ever stop following your videos even if feel confident, I love hearing your perspective on the market, keep it up brother! from Manchester, England

  20. Avataaar/Circle Created with python_avatars Joe Gallardo says:

    What's incredible is that here you are, giving the WORLD your profitable trading strategies and people STILL will not follow them. Seriously, in the beginning people hear about all of this money they could make on stocks, they want to know how to do it–the "secret" to trading–and you tell them. Then they refuse to stick to the plans! It's INSANE. Truly, you can lead the horse to the water, but you cannot make him drink it.

  21. Avataaar/Circle Created with python_avatars Mathyou Schmitz says:

    🤣

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