More is not necessarily better when it comes to stocks. You don’t need to have a massive watchlist.
Actually, sometimes focusing on just a few stocks is a better approach. Personally, I don’t care if I trade the same ticker 500 days in a row. If I can locate a good setup and a pattern that constantly repeats, I’m not gonna mess with a good thing!
Here’s what I’m watching today…
Since bitcoin (BTC) is still strong, Bit Digital Inc. (NASDAQ: BTBT) is my top watch for the day.
I like BTBT more than other crypto stocks because it managed to squeeze a week ago when bitcoin was dead. The continued squeeze tells me that shorts are trapped. As of the premarket, I’ll be watching for breaks of $19...
A follower asked if NanoVibronix Inc. (NASDAQ: NAOV) is still holding up. I appreciate the optimism … But if you ask me, if it was gonna squeeze, it would have done it on Friday. But it didn’t, so I don’t have high hopes for today.
Yeehaw! Golden Nugget Online Gaming Inc. (NASDAQ: GNOG) has a cool name, but it’s not such a cool trade. It’s a buyout — so I wouldn’t consider it a top play. Though in the age of WallStreetBets you never know...
Microvision, Inc. (NASDAQ: MVIS) is a former runner — and it’s heavily shorted. There have been like six short-seller hit pieces on this stock since December.
It was also an earnings winner last week. As of the premarket, I’ll be looking for a weak open red-to-green or an afternoon VWAP hold…
I love it when a sketchy stock pivots into the hot sector! Sphere 3D Corp. (NASDAQ: ANY) recently did just that, pivoting into the bitcoin space. This lower-float stock has dip-and-rip potential. As of the premarket, I still prefer BTBT, but this is a close second...
I tend to lean toward sketchy, low-priced stocks in the morning. MicroStrategy Inc. (NASDAQ: MSTR) is higher priced at around $750 per share. It might not be a top watch for me, but it is a nice multi-month breakout.
Just understand that moving stocks like this is sort of like Sisyphus pushing a rock up a hill. A lot needs to happen to create momentum...
Sure, it’s a beautiful breakout. But who cares? I think that if Agrify Corp. (NASDAQ: AGFY) was going to explode, it would have traded more than 800,000 shares last Friday. Without volume, this one is boring to me...
Will Robinhood Markets, Inc. (NASDAQ: HOOD) gap up? Ever since this stock went vertical post-IPO, I’ve been watching.
I’ve also been saying that traders should treat it as a penny stock. I highly suggest using the rule of 10 when looking at HOOD. I’ll be looking at whole-dollar half-dollar levels today…
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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

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11 thoughts on “Pre market prep- stock market 8/9/21”
  1. Avataaar/Circle Created with python_avatars Cristi Wamsley says:

    Thanks for the info Tim…. you have a great day as well

  2. Avataaar/Circle Created with python_avatars Cristi Wamsley says:

    Wish I could read what you were typing on your notes…. font is very small

  3. Avataaar/Circle Created with python_avatars soldier of God ☪️ says:

    Great energy man always hyped

  4. Avataaar/Circle Created with python_avatars Hola! DOUNUT TV 🍩 says:

    I could do without the opening music to be honest

  5. Avataaar/Circle Created with python_avatars J G says:

    Thanks again Timbo!

  6. Avataaar/Circle Created with python_avatars JRW says:

    Dude, I need to send you a microphone…. you are coming in Mono on the "right" side….

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

    Thank you, $BTBT 😉

  8. Avataaar/Circle Created with python_avatars Ken White says:

    My dumb ass is going to be deaf when I play my next video.

  9. Avataaar/Circle Created with python_avatars gspears says:

    Thanks! Serious audio issues today. Had to crank volume to max to hear most parts. Then got my ears hammered when u moved up on the mike (I guess?) lol

  10. Avataaar/Circle Created with python_avatars Hola! Sergio Bascunan says:

    !!!…BITCOIN…!!!

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

    Thank You Tim

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