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So so all right, good morning, everyone welcome back um, just taking a peek at oracle nice to see lcid back here with a major pivot point at 53.50, which is close not exactly but close to a red to green. I always like to see the confluence. Did i use that properly? Is that right, junction of two rivers, your word of the day, and i used it properly, always like to see the confluence of multiple indicators on on oracle, especially when you combine the algo plus caveman human levels, like those ready greens. Previous days, clothes, etc.
So um, let me get my notes going and it is the 18th, so lcid still atop for me. Love the oracle pivot point area, all right, um kishara, asking about prague, you know had a lot of high hopes for prague. Yesterday, um, i don't know, let me take a look today. I tell you, i mean i'm full disclosure.
This was my one of my number ones into that 9, 45 or later break of six. Never came you know. As always, it was a little bit of a slower wednesday. Well, let me go back to yesterday morning yesterday morning didn't feel slow, but once we opened up you know all the evs kind of pulled back tesla kept going, but um evs came out.
You know uh prague, the air kind of came out of prague, so i don't know today. I don't really see it today um. This is what i'ma say: i'm proud, i i don't now listen, obviously if it breaks six today, yesterday's, let me say that first, yesterday's plan still in play, but i'm not optimistic if anything, let's get this, let's get this to chop sideways and squeeze on friday, larger Font size, sorry, you guys are so demanding tell me what to do. There's your larger font, size, uh sev.
So normally i'm not you know. Normally i um. I tell you guys to wait on uh day one i ipos. I usually like to give a few days to let these set up, but i will say this rivien kind of changed that so you know i'll always reference these youtube videos where i'm, like just cool you know: relax, relax, relax on the the day one day two Day three ipos, i tell you kind of settle down, but rivian really kind of for the short term.
Okay, because understand the psychology. Okay, everybody that missed rivien is now going to be looking for the next rhythm okay. So i still stand by what i said at some point: we'll return to normal, but right now, a week after rivien, i'm not against 50 brakes dipping rips afternoon v well holds on seb. Now, i would beg you to day trade home because the chickens will come home to roost.
Okay, i i think that you know again: ribbian's ribbing is red again today: um daytrader, okay, i i don't now now i want to be clear after this goes parabolic and settles down a little bit. Then we look for the old traditional strategy with an ipo. Does that make sense, i would say this: all the videos are there. I mean there's, there's ton of this discussion.
I've done so many youtube. Videos are they over here. I can never remember which way. Do i point or the chat or is the chat over here? I don't know terrible weather man, ppsi um, i'm going to say the same thing. This is exactly what we want going into a friday, okay and i'm gon na i'm gon na say this. This week's ppsi, you know, go back to last friday, um now, i'm not. I want to be clear: um. This week's ppsi could very well be ppsi um.
Last friday, now i'm not saying this was like the most epic friday short squeeze ever okay, i'm not saying ppsi went from 7 to 17 last friday, but you cannot dispute the fact that it chopped around chopped around all last week and then i i believe i I'll move on, but i'm pretty sure right at 2pm. It spiked, like 50 60 70 cents a share. I would please keep ppsi on watch for that same um, ggpi short under 14. We don't often talk about shorts here um.
So this is that spec, okay, brian all right, i'm gon na end on this. I got a crazy busy day, so i know we typically don't focus on shorting, because a lot of you don't have margin, accounts um, a lot of you. Even if you have a margin account. You often can't get a borrow on a lot of these stock.
I mean it's just the mechanics okay, but you got a failed spec breaking support, so the reason i am clapping is brian this. So this tried to break out like 16 times in the last three days. Failed. Okay, look look at that! Look at that, like quinn, tipple topping at 16, and now it's breaking every area of support and looks like a waterfall back down to where it started trading in the 11s and 12s.
This, my friends, this my friend and and listen, it's not guaranteed to work like any trade strategy. I always say we that's why we have stops okay, we have stops because nothing is guaranteed. Okay, but quintiple top failed, spec, break and support. These are the stocks.
You short well done, brian all right everyone, a little short on time. Again. I got a million things to do today, but i'm here, for you have a great day um. If you're wondering again my number one.
Listen i like to milk, stuff, milk, stuff, milk, stuff milk stuff until they die this lcid break of that oracle level of again what was it uh? What 53.50 is my number one for now and, as always as ivan drago says, if it dies it dies. So it's encouraging to see tesla back above 1100. So all right, everyone have a great day and oh roblox, a lot of you guys coming in late with roblox. I said it last night in the steady trade team, webinar um.
Well, i got the notes. Okay, so i was sick last night had a busy night, and i said this, i'm like listen in the steady trade team webinar. I said if you force me to overnight something it'd be roblox or ionq, and i said that at 3, 31 pm and they're both gapping up right there. It is times 3, 36 pm so congrats to anybody that recognized hot sector earnings winners, breakouts closing at the high of the day, roadblocks and but just like i compliment brian on the short.
If friends, my friends, i know i'm here in the morning, we don't often talk swing trades at 8, 30 in the morning, that's more of an afternoon strategy. But if you didn't, if you are looking for swing setups, if you are looking for overnight trades, maybe you're under the pdt etc, please, if you didn't take roblox and i o and q, please study the charts understand why at 3 36 p.m. I said if i had to, if you put a gun to my head, it'd be those two stocks overnight. I went to bed at like five o'clock last night, so i didn't overnight in but anyway have a good day. We'll see you next time, foreign.
$SEV, what a BUST that ticker turned out to be
Thanks Tim ๐
Yesterday Tim…. "EV's EV's EV's all day long" hmmm maybe that's why Tim's presentation was a bit subdued today?
Thanks Tim!
Why is Tim streaming from his parent's basement?
Thanks Tim! Appreciate you sharing your knowledge! Be well soon!
Thanks for this today and every day my guru!!!! Preciate all your teachings. We should do a virtual event for episode 1000.