All right, good morning everyone. Well, it's about quarter of nine and uh, we're sitting here looking at a Gap scanner. That's a little a little on the thin side, but but not bad. Uh, Lg Vn has already given some opportunities this morning for traders who were, um, here a little earlier.

First pull back, second pullback, Third pullback. The predictable false breakout. So predictable that I'll actually grab a screenshot of that to add the classes as a reminder to be cautious around third pullbacks. So thank you, Uh, for those tuning in on Youtube.

I want to remind you as always that trading is risky. Most beginner traders lose money and my results are not typical. so do take it slow practice as simulator and don't try to blindly follow me or anyone else. I am hoping that we find some decent opportunities today and can finish the week with a couple of green trades.

So our, uh, leading Gapper right now is Mn with only 16 000 shares of volume. What's going on? It's an acquisition, all right. So it's a buyout so the stock's not going to really do much but trades sideways. So next one down.

Husn husn Uh, we have traded a couple times, but high volume. 40 million shares on this day where it hit a high of 360. it needs uh, for sure to break through that level of 364. and it's only at 250.

Right now it's not there. so that one is a no-go Bl. Bx just jumped over into uh, first place of a non-buy-out So this is one of those ones that had this really big move at 4am and has just pulled back since then. Unfortunately, these charts can be difficult to trade when that happens, so probably I'm just going to end up leaving that one alone.

Next one down Csse this is only a 23 gapper chicken soup for the soul entertainment. Um, you know it's it's not a hot sector. I'm just going to let that one be next one down. Lvlu 8.9 million share float Again, big move around 4 5 a.m pulled back.

Needs to get back above that level. Yesterday Gamestop, uh, announced a desire to do a stock split and the stock promptly squeezed from 168 all the way to 204. Incredible. But the high back here was, uh, just under 200 from two days ago.

So it's you know. I mean, it's it's creeping back up for sure, but it's kind of under that, uh, daily descending resistance or ascending resistance. and in any case, uh, it's been so it's so volatile. The spreads are so big, the price is so high that it's just hard to trade.

It really is, so I don't even know what you're gonna get at the open. You know, the open the other day it popped and then it sold off so hard. and it you know that was from 200 down to 164.. So uh, I don't know.

I don't have really any strong interest in it. Um, you know, when is cost going to announce the stock split? But it probably if it announces, it'll probably drop. So a Gamestop just has a lot more attention. Amc? You know, when are they going to announce a stock split? Well, they're only at 25 bucks, so those ones are kind of off the the radar.

Yesterday Frge was my biggest loser and my biggest winner. We did get that nice red to green move. We got it from 34 all the way up to 47.50 Pretty pretty wild, but you know it came back down a bit. Now you've got a topping tail on daily chart with lighter volume.

so that one's uh, that one's not interesting for me at the moment. So leaving that one alone? Uh, yeah. So I'm kind of hoping that we get some news. At 9am, there was some news on Sgbx at, uh, I don't know.

Whatever the time, this was 8 30. it popped up from 2 up to 250, but I didn't jump on it. Why two reasons? One, I noticed that uh, it's running right into the 200 move. It's right under the 200 moving average at 286 to a 250.

286 is the 200 moving average. So I was like, I don't know. The 200 moving average is pretty close on. This one was number one.

Number two: It's not a blue sky setup. It's not a recent ipo. It's a 11 million share flow. but it's not a particularly low float.

And at 2 50 there was a a seller sitting there and I just thought, you know, I don't think that there. I just don't think I can trust getting in this year so I didn't trade it and that was probably the right move. Came up to 51 and then dropped back down. So yeah, that's the way it sometimes goes.

All right. So um, Reminder: I'm going to be uh, teaching a class on Monday at 1 Pm Eastern on Youtube as a Youtube Live and I want to give you guys the opportunity to vote on which class I'm going to teach. So I took a number of topics that had already been suggested and I'm going to put the i'll give you guys the link to the vote. So hang on one second.

Um, I'll put this just in the chat room, it's already in the announcements now you may have noticed. So here is the link to vote. All right. And for those on Youtube, we'll give you the link as well.

Uh, actually. uh no, I apologize for you folks on Youtube you already were emailed the link. This was, um, only for people that were on the newsletter that could vote all right. So if you're not already on the newsletter, you can jump on the newsletter.

We'd love to have you, but um, there are a bunch of different things going on. Uh this month let me give you guys a link here so to make sure you? are Uh, on top of our schedule for the month, make sure you're on the newsletter. All right. So it's about uh 9 56 4 minutes till 8 56 4 minutes till 9 A.m Good, Thank you.

That's great. So at the moment this is a time to be a little bit patient and wait for something to hit the scanners. Dwac? Well, it's obviously pulled back quite a bit. I don't have.

uh, I really don't have any strong opinions on it here. We've got about 20 seconds till 9 a.m so we want to be watching to see if right at 9 00 a.m there's anything that starts to pop up based on breaking news at the top of the hour. So my workflow is having scanners up having level two, uh, ready. and if I saw something pop up Lgbn, type in the chart, type in the level two, and if I look at the chart and I type in the chart first because the chart takes a second to load, I type in the chart, I go down, type in my level two, and then I look at the chart and if it looks like a decent chart good daily, not too extended or if it is still has a lot of potential then I'm ready to jump in.

Be concerned about false breakout risk on Lgbn because of the topping tail there and the topping tail there seems to have had a bit of a struggle at this 16 level. Yeah, and so this has the effect of ruining, uh, the five-minute chart. All right. It's a high-volume red candle on the one minute.

uh, false breakout on the five-minute chart? Uh yeah, Imte that was a good one yesterday. You got to move up to 33 dollars, so no doubt impressive continuation would be through 33. it is on short sale restriction, but it's also very light on volume right now. Yeah, nice, nice bounce.

It dropped all the way to 20 and note to 17 and then rallied back up. Ivda mentioned as a reverse split. So eight to one reverse split and an 8 million dollar offering. Route 904 25 minutes to the opening bell.

So this is this one's also an up list from the Otc market to Nasdaq. so it's now a Nasdaq listed stock Lgbn. Well, it appears blue sky depending on what your chart looks like and that's because it's a it's an up list. so if your charts not carrying over the Otc price action, then it would look that way.

but it's It's actually not. But in any case, it's not really moving right now. so it was just one that was mentioned. We'll see so a couple maybes today.

Well Gabriel, that wouldn't be as much of a dip trade. that's more of like an entry off support usually for the and I mean you know you could call it a dip trade I suppose. But usually when I'm thinking of a dip trade, I'm thinking of buying. You know, when we have like a big red candle like this.

You know, when a stock drops a dollar a share? That's usually the dip trade. You know, buying that for the pop back up for me. Uh, an entry you know, along the moving average or through consolidation that can work The The only problem is that when the volume is light, if you end up accumulating a large position, then you know if if it flushes through that level and the volume is light, you're probably going to get more slippage on your exit. So you know higher volume is typically associated with the breakouts and the breakdowns.

And you want to be long during breakouts. And you don't want to be long during breakdowns unless you're looking for a dip trade Sgbx. I still don't have a lot of interest in it being below the 200 moving average and oh, like a ways below it. You know if something was like five dollars a share below it, then you've got room up to it.

but this is too far too close to it. Well, I actually don't use live stop orders and even if I did, they don't work pre-market So for my trading strategy, I'm buying uh with a marketable limit order and then I have a mental stop. so I press the sell button when I'm ready to get out. So Lgvn certainly has a lot of volume and a lot of attention.

but you can tell how choppy it is. It doesn't feel that it's easy to trade right now, so that one I'm not particularly interested in. I think the clean move is done. The Lbx still pulling back Husn? Um, usually that would be on the bid, but you know I could go flat selling on the Ask too.

I mean, you could do either, but if it's because something was dropping, then yeah, it would usually be on the bid. so we'd be looking for something that has some strong momentum is still on the front side of the move right now. I just don't see anything that meets that criteria. Only 15 minutes to the opening bell.

So again, we've got Lg Vn. Bit too choppy. I there was 1638 but rejected. It went a little higher before it pulled back.

Imte is continuation from yesterday, although it's down 10 right now. Yesterday's high was 33.29 All time high is 44.07 So we're into that Gap Ivda, an uplist to Nasdaq also a reverse split. also a secondary offering all at the same time. This is at, uh, three dollars and forty cents over three.

Obviously it's a beaten up stock. Uh, but over 345? 350? Could we get a curl up to four? Maybe. So there's 42 on the Ask, so look at that. See how fast that went up? There Hit a high of 85, but the volume is still pretty light.

Threads are a little big. that was the spot that you want to see break 40. But then there's a seller back at 35. A shame.

Oh, we've got about 14 minutes the opening bell? Yeah, but I am concerned that the highest volume is on that red candle. Hit a high of 1638 so you know it sells off and then it grinds back up. I don't know. for now, I'm just gonna sit on the sidelines and we'll see if it starts to trade in a better way.

You know, does it squeeze out short sellers up here? Does it just double top? 38 was the previous high, You know short sellers might say hey, let's take another ride back down the way we did on that big red candle. So it seems like at least so far. I mean, I haven't taken any trades yet, so there's been nothing strong enough pre-market for me to pull the trigger. so if I don't have any cushion going into 930, that's that's certainly an indicator that we don't have a really obvious gapper.

We don't have something that's just really looking great. Lgbn. Clearly there's been opportunity on it, but I don't know if I traded, if if I had traded, if I'd be red or green. I don't feel confident enough in it.

Right now, I could see myself pretty easily being red. and if it starts to pull away, you know it goes to 38 48, 58 68 Up to 17. I'd be tempted to jump in, but then I couldn't help but think about this candle here where it dropped a dollar a share in one candle. So I'd be concerned I would end up taking a trade and then immediately being underwater and then feeling like I have to buy the dip to average down and then blowing out for a huge loss on it.

You know, and that next thing you know, I'm down 7 8 000. It's like, well man, you didn't have an obvious gap or this one was only up 16. The relative volume is low compared to the previous day. This wasn't the right one to focus on.

Focus on Day one: If you get a good cushion on day one, then okay day two, but I didn't even get a cushion on it yesterday. I lost money so that's my, that's my two cents on it right now. It's gonna take a little bit of restraint to not jump on it. if I see it, squeeze up to 16.50 16.75 because I'll be thinking okay, it's going to go 17 but I feel like the second I jump in it's going to reverse 50 cents and I'm going to be underwater on it.

so there's always a chance that we'll have something that gives us surprise momentum. lll uh was one of our recent reminders of that. This one. I think the news was at like 9 38 or something like that, you know? So it had news 9 35 9 38 squeezes into a halt and then just kept going and part of it was due to lack of anything else that was really more interesting on that day.

So I will sit here and I'll look for opportunities. If I haven't taken a trade by 10 Am, then that's it. I'm going to shut it down no trade Friday and I'm fine with that. I'd rather have a no trade day than a red day.

If nothing looks strong enough for me to take the risk, it's better to sit on my sideline, sit on my hands, than to have unnecessary losses. Imte is a wild card stock like Frge. It certainly has some potential, but has a lot of risk in it, so I'm not sure that I'll have the comfort to take that trade today. Lgbn.

you know it's right at that level and sometimes I would be a buyer right there. Like this is a spot where I would typically consider buying. So let's see what happens. I'm going to restrain myself and just watch it.

What would I be buying for the break of 38 and then add 48 for the break of 50 and then 58 for a squeeze up to 75 and 17.? So if I'm right on it, then you know that'll tell me I might be starting to get a better read on the stock and if I'm wrong then then that's that. And the fact is, it should have already broken out. so it feels like I'm wrong on that instinct to jump in here in the 20s. The fact that it's churning this much here feels like this is the the type of stuff it does before a pop and drop because now you're like your small candles up so high.

So for those on Youtube. thank you guys for tuning in. We'll be back at it on Monday morning and uh, we'll do the morning show and then Monday at 1 pm. we'll be teaching a class on Youtube, so looking forward to that.

I hope you guys are able to attend and hopefully we see some opportunities later this morning. or if not, some good gappers on Monday morning. Five minutes to the opening bell, I would say Lgbn is setting up a flat top breakout pattern. However, I would Just like yesterday, I would just be too nervous of a false breakout on that pattern.

You know it just feels like it's set up just to trap long traders and I could be wrong, but you know just that's how it feels right now. A red to green move might be a safer approach. Waiting for that flush and then buying a dip off that panic sell off for the curl back up. So an entry closer to 16..

Does anyone have the short interest on Imte? I'm not sure what the latest short interest is. it's on a short sale restriction this morning. I'm not sure what the short interest hit on Frge, but Frge is still at 35 bucks. Um, you I would say on this one Frge, it'd be uh, it wouldn't surprise me if you saw some uh pops you know here and there on it.

but I just think it'll be hard to trade and I'm not gonna go back for it unless it was breaking new highs. Yeah, game stop. So my thoughts on Gamestop? I mean, I, it's there. were I had said there's levels if it breaks where I'd probably start to get interested in trading it days where it might be going parabolic and that would probably probably be over like 240, 250, maybe 300.

And you know we're ways off of those levels. so I'm not really sure. So right in my in my trading window you can see Cb which is a short sale restriction so you can see that this one has short sale restriction. Frge also is on short sale restriction.

Um, Lgvn is not. Sky H is right. So um, Husn is. Sgbx is not.

Csse is not and Csse is also easy to borrow. Yeah, because each Usn dropped more than 10 percent off its high. Uh, that is how much cash is required to take the trade. So 100, 200, 25.

It's about using margin and leverage. So now Lgbn giving you that little sell-off here going into the open. Um, you know this could be an area to start to think about A dip. I'm I'm just not going to do it.

It's super close to the open. B-e-k-e Yeah, the float is a billion shares on that one. It's a pretty high float. Yeah, So the house debating legalization of marijuana or cannabis? Uh, yeah.

well. but then it's got to go to the Senate. So I'm it. Feels like the cannabis sector stocks have just kind of been a disappointment.

I mean, you've had opportunities over the last five years, but they haven't. I have. I don't recall seeing, uh, too many really explosive moves. Maybe you know, swing trade on tilray, you know, from 2018 up to 300.

But they haven't really been super easy for day trading as far as I've been able to tell. So yes, reminder. As always, trading is risky. Most beginner traders lose money and my results are not typical.

so take it slow. Don't try to blindly follow me or anyone else as we're coming into the open Here with about a minute to the bell. I don't really have anything I'm watching closely. Uh, you know I.

I had the level two up for. um, what was it? Ivda? That one popped up to 80 and then dropped back down to 330. So not strong enough. Lgbn? Yeah, not really sure Imte Yeah, probably too risky.

Probably not enough. volume. so just sitting on my hands as we go into the open. All right.

So uh, and sorry about the no audio banner, so that's it for me here this morning. uh for folks on youtube. I'll be back at it though first thing on Monday morning. And Monday's gonna be exciting because we're gonna have uh, the nice morning show and then we're gonna have a class at 1pm.

I'll see you then.