It’s a little bit slower in the market today. But I’m not worried about it…
Days like today are excellent for regrouping, learning, and firming up your strategy. In short, it’s a great time to prepare yourself for future hot plays.
Here’s what I’m watching today…
My recent ongoing top watch Support.com, Inc. (NASDAQ: SPRT) had a squeeze into the close yesterday.
As of the premarket, it was chopping around. I’ll be looking for a VWAP reclaim with risk set around red on the day. But then again, I’m not emotionally invested. If it dies, it dies — and I’m OK with that.
I know … I’m boring and old. But I don’t think that sketchy non-fungible token (NFT) plays like Glimpse Group Inc. (NASDAQ: VRAR) are great swings. You’re welcome to disagree. I just want to keep you safe.
A follower asked about microfloat stock RenovoRx Inc. (NASDAQ: RNXT). I really like it! In addition to the low float, it’s also a recent issue and it was a great runner into yesterday’s close. I don’t think there are too many bag-holders in it. None of these things guarantee future runs, but I think they do improve the chances.
Real stock alert! A follower asked about Apple Inc. (NASDAQ: AAPL) as a potential swing. Well, I’ve been saying it for years … If I ever have to venture into the wilderness for a good long stretch, I’d buy shares of AAPL before I go off the radar...
No, it’s not gonna go up 40% in a day. But I think it’s a great one to squirrel away. It keeps on grinding higher over the days, weeks, months, and years.
Scamex stock Regional Health Properties Inc. (NYSEAMERICAN: RHE) had a nice close yesterday. It’s also a microfloat stock and people love to short it.
I’d call this a potential dip and rip over $12. As of the premarket, I’ll be looking for VWAP reclaims and whole-dollar and half-dollar levels all the way up…
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Seems like i'd remember where my intro was a year and a half later desktop there we go good morning. Everyone welcome back um right off the bat, my number one as well number one. As of always, as of always as always drop, your tickers and questions in chat nicole is helping me out greatest co-pilot ever to walk the face of this earth. Anyway, you know whether you're on youtube facebook instagram, wherever you are wherever you are, i hope you're having an amazing day drop your ticker's questions, my number one a little bit quieter out there.

This morning we got rhe, we got so1nn, but i still um. You know sprt after that, squeezed into the clothes last night loved the fact that it pinned you know it pinned 40, basically in at the eight eight where's, my alpha brain um, 8 p.m, close and then kind of chopping around in pre. But again my number one would be a v reclaim on sprt, probably risking adderaround red on the day and as always as always, you know this has been an incredible squeeze um and been one of the best stocks over the last geez two three weeks and as Always if it dies, it dies. Okay, this is, you know, i've.

I have said it and i've said it and i've said it this stock. Probably you know a good price for sbrt is probably 10 bucks. A share. I mean so many.

You know this just reminds me of you know a lot of you that were here a few months ago, and i i made this point yesterday like like with alf. Okay, you know remember when the run started on elf. I said i'm like hey it's good news, but this stock doesn't need to be at 30.. I'm like it's, probably a 8.10 stock.

It's where alph is today so sprt. It's going to eventually truck on back to 10, but doesn't mean we don't have more squeezing. So that being said, let's get to your questions. Um aaron asked about v-raw for a swing b-rod the glimpse it's nft crap, so um, listen, ooh! That's a nice multi-month breakout! So multi-week, i guess well multi multi-week multi-month, so i say and and aaron um i don't think any of these sketch nft plays are swings.

Okay. Now, here we go again here we go again if you're on instagram i'll show you the gray beard. Okay, i think i was in front of the camera all right. I'm boring i'm old, but i want to keep you safe, i'm still here, 15 years later, okay, so in my opinion, none of these sketches sketch, uh, uh nft plays or swing trades all right and you can hate me if you want you know you can you Can leave the webinar if you want i'm glad you were here for a few minutes, but i would look.

I mean again great breakout. Yesterday, 9 million float terrible volume, though terrible. Oh ooh million shares ready. So if this is your favorite, you can trade dip and rips.

You can trade afternoon. V whap holds, but it's a money losing super duper sketch nft play. I just don't hold stuff like this overnight um, oh yeah, oh my gosh. What is jesus? Oh get out of it, i'm not i'm not even gon na.

I was gon na joke about the webpage, but i'm moving on kenneth hibbett says rnxt. So anyway, um yeah. I don't need notes, i'm not even and again, no offense, i'm not even going to write any notes down on rnxt or on vrar rnxt micro flow, great running the clothes ready green over 16. ooh yeah, oh yeah.
So this was that you know this is that recent issue um. I really like this kenneth and kenneth well done. I love your breakdown and i mean i just really love it when you guys, like you know it's one thing just to throw out a ticker, but hey tim. What do you think about you know? I don't know amc you know.

Amc is the one. You know people just type people will type amc in chat over and over and over again and just the ticker. So i love it. Kenneth breaking it down.

Micro float great run in the clothes. Is it a red green over 16? Yes, it is kenneth and i think this thing could really get some legs on that red to green float. Recent issue: you know because you think about something like our nxt there's, no bags, you know and and ultimately that doesn't guarantee that this thing can run. But you know a lot of what we talk about in these big movers.

You'll hear me say it over and over again i'll, be like oh, the bag, holder's gon na sell bag holders yourself, there's no bags! No, you! You can't! You know it's basically as as incompetent as you could possibly be as a trader. You can't be a bag holder in this thing you know from uh. You know as long as you didn't buy yesterday at you know, listen if you bought yesterday at 4. 30 in the afternoon, but that's only i mean only the dumbest of the dumb people bought at 4, 30 and they're still holding right now, so they, if you're, dumb enough to buy our nxt in after hours and still hold three dollars a share lower.

You only got enough money to your name to probably buy like one share. You know: you're, like okay, man, two happy meals at mcdonald's, two happy meals, one share of our nxt; hmm dozen donuts one share of rnxt, i'm gon na go for one chair of rnxt. Anyway, apple swing, trade, listen brian um. I've said this for two years and all it does is: go higher um, i listen.

I've said it and i've said it and said it if i ever go to the wilderness for two years. Okay, if i decide to go off grid for a year or two years, i'm buying apple, okay and now listen, it's the biggest company in the world second biggest well, it's either the biggest or the second biggest publicly traded company in the world. You got ta have realistic expectations. Okay, apple, isn't gon na go up 40 today, but if you squirrel it away in your ira, your long-term account, all all apple does is go up one percent a day every single day and it will for the foreseeable future.

In my opinion, so um rhe low floater, yes, so rhe is exactly what we look for: scam, x, stock, um, nice clothes on rhe last night micro float people love to get short this thing, so i would say dip and rips over 12 - or even i mean This is that one i'm going to finish on rhe and 9 45 dip and rips, and this is a term i use a lot. I think a lot of you understand it. Maybe some of you don't, but i say: v, whap reclaims and then i say whole dollar half dollars all the way up. Okay.
What does that mean? I think you could you can trade 12s, 1250s, 13, 1350s, because again, micro float. Everyone loves to short this. All of those whole dollar, half dollar points are going to be panic points, oh and then one thing i did forget to mention um and hopefully, nicole, will drop a link uh. My buddy tim sykes is doing a webinar tomorrow night um talking about you know how to gap stocks over the weekend.

Um, i tell you, you know it's like it's funny. I talk about this all the time. What do i say i say whatever you can do, whatever you can do to free up your schedule on friday afternoons and monday mornings? Okay and you've heard me say that a thousand times i think, the best time for day trades is, you know in the best time, for volatile stocks, friday afternoons, monday mornings, sykes is doing a webinar tomorrow night talking exactly about how to trade around the weekends. So again, nicole should drop it in chat.

Thank you for that. Nicole. Thank you to everyone else have a great day, sprt, there's prt ain't, letting them out. I love it.

So all right um seems like there was something else i was going to talk about, but i don't remember i don't remember it's on the tip of my tongue. Oh well check out the steady trade team had three webinars yesterday, two webinars today, i'm doing like 11 webinars this week. It's bugging me. There was something but oh well, hopefully i'll remember by tomorrow, or i probably sustained another head injury and i'm probably suffering from a yet another concussion.

So see you next time. Not my best closing you know, listen, not not my that was no rock nft. It doesn't matter what you think closing like yesterday. Definitely one of my worst closers in quite some time have a great day you.


By Stock Chat

where the coffee is hot and so is the chat

5 thoughts on “Pre market prep- stock market 8/31/21”
  1. Avataaar/Circle Created with python_avatars Keyser The Red Beard says:

    fabulous content StocksToTrade. I killed the thumbs up on your video. Always keep up the good work.

  2. Avataaar/Circle Created with python_avatars Anthony Addair says:

    Will Mt Sykes be speaking on YouTube

  3. Avataaar/Circle Created with python_avatars bruce says:

    i like your sunday vido TIM it shood help to tech how to be ready all the time thank you

  4. Avataaar/Circle Created with python_avatars Anthony Addair says:

    Thanks Tim. Appreciate your time and mentoring. Have a blessed day.

  5. Avataaar/Circle Created with python_avatars MickT Day Trading says:

    Thank you Tim

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