What's up everybody today, you know it was the start of the 25 days of christmas. It's december 1st the last month of the year and the market just is not feeling the holiday spirit. Um, there's a lot of red out there. I guess in the name of santa claus uh, but it just wasn't it: it really wasn't a good day anywhere.

Doesn't matter penny stocks, large caps, cryptos even being pulled down with the s p 500 uh we'll pull up a chart here. Uh! Here's just like the s p 500. You can see like we had this pullback and today we thought it was recovering and it just got absolutely clobbered. I mean you zoom out right, like the dip is pretty minimal, but like it's pretty significant, i got that uh channel from forever ago.

Um it's coming back down to the support level of the 450s. I mean we got some pretty key support down in the 430s. Not saying it's gon na get down that far, but the market's weak because of the new covet variant, i'm gon na butcher, how you say it's like omnicron, um and people are freaking out. It's like deja vu to like what it was two three months ago when, like delta, came out, it's the same story over and over again um we'll see how long that narrative lasts um.

If it's serious, you know it's too early to tell, but the markets are reacting, they're pulling back because there's travel bans and obviously like it's not good in general, just to have a virus um with that, though, i really didn't trade, they put out a couple tweets In small cap i was like hey guys, like it just sucks out there and sometimes like that's the best thing to do. Sometimes the best trade is just no trade at all, because there really isn't much going on uh and then on twitter. I said amc which i'll pull up right here, symbolizes, how i feel about the market uh, how the mighty of fallen amc run was just phenomenal up in june. I really brought a lot of strength and you know momentum to the market and uh like two weeks ago.

I was like this like has a chance to go higher and break out, and it did until this. You know the spy pulled back. We've got omnicron with his, you know, leader, megatron um, and it just got crushed um. So you know, amc was down at the lows it's down like 20.

Today this charts just get like it's a bad chart. Now, it's probably just gon na fade off as amc. You know rightfully, should uh, and then we got gme as well. Very similar story.

It hasn't pulled back just as far the chart isn't as bad as amc is, but sorry i'm turning on my volume, because i keep getting the dings um either way like how the mighty have fallen. And it's important to note what former runners are doing, because amc and gme brought a ton of life to the market not only beginning of 2020, but also again over the summer and like we were saying it would be awesome. If amc and jimmy broke out to new highs, because if that happened, even more momentum would come and as traders that's what you want. You want momentum.

You want people talking about the market, you want like people interested in the market. So you know it's kind of a little low blow here in the holiday season. On december 1st, some of the the greats are starting to fall. I do want to talk about dewok, though it had a very interesting, close uh.

So we're we'll end this on a lighter note of a stock. Dewok is one of those. It's the trumper, the hashtag presidential pump uh runner that ran it's trump's social media network. Since then, has gotten crushed pulled back into close, though there was a wild.

300 000 share market order that halted d-walk up. That's a lot of shares. Typically, when you see something like that like clearly, it's a big investor. It's a fund, a big person with a ton of money like 300 000 times 40 is geez 12 million dollars.

Like someone threw 12 million dollars at this, maybe news is coming on it. It's speculative! I don't know for me, it's a chase now. I was looking for this to have a like a first green day and it sucks how it happened. Um, sometimes the best trades.

The best setups just don't set up right like i wish this would have happened tomorrow morning or something who knows what's going on with dboc, but clearly someone really wanted in on this uh. They holted up bought all these shares. So there is some momentum out there. It's just that was a trade that was hard to you know we were watching it, we were stocking, it.

We've been stalking it for like two weeks in small cap and then it plays out like that and it's just tough to trade. So for me um, i ended up like a hundred dollars today, i'm trying to remember the ticker i traded. I had been on our nrxp yeah in the morning um, which ended up just getting crushed i'll, probably watch it again tomorrow, though, because it's set up once again for that first green day move. I tried to play it this morning off this action here um and it just didn't work.

We got this like quadruple top here, just under seven and since then got crushed we're now down three days in a row. So, like that's the sweet spot two to three red days before you get a bounce. Obviously it it's pretty much filled this whole gap over here when that news came out, so we're looking for it to rebound. That's pretty much.

The only thing i see walk, uh working. You know i made 100 on it on a slow day. You know i saw a lot of people out there being very red. The market is definitely choppy um, i'm not saying like don't trade like but like you have to be very selective, it's not what we're used to of just it's not even last week last week, thanksgiving week was wild.

We got a ton of momentum and that's kind of what we've been seeing for like two three months now. It's like two three slow weeks and then we get like two three four five days of just really hot crazy runners um. So you always got to be prepared if you're not watching the market every day. You're, not looking at your scanners, you're, not looking.

It's got stocks to trade you're going to miss those days and those days can make your month. You know if the momentum is wild enough. They can make your year, like i've, seen some crazy, crazy trades um that some people have made and it comes down to the opportunity meeting your preparation, but if you're not prepared you're, not gon na be able to capitalize on that opportunity. So that's what i'm doing! I'm here every day too, he's not with me because he's actually given a webinar right now, i believe for the steady trade team.

Uh, let's go, i'm sure he'll be talking, i'm pulling up the chat. Oh, i don't have it on this laptop. That's a fail, but if you want in on tui's state trade team, we'll include a link below i got to get it on this laptop uh, because i don't think it's a small cap webinar. It's definitely a state trade team webinar.

So it's at the same time. We usually film small cap, that's why he's not here? If you like, tui click that link you can get in on it. You also get bowen and i'm actually probably going to start doing stage 18 webinars as well. So that's all i got today guys um.

You know, i know it's a little shorter one, but not much is happening out there right. I want just emphasize for the dedicated people out there who are still watching this like it's. Okay, take it slow. The opportunity is not that good right now, but you got to be prepared so wherever you feel like you're weak, whether it's your you know you suck it listed or otc stocks doesn't matter wherever you feel like your weakest study, it figured out.

We've got a ton of examples. We've got a ton of great content on stock straight on this youtube channel review it all, because when the opportunity does come back, you better be prepared. You don't have any excuses. So thank you for watching everyone.

Click that like and subscribe button - that's all i got today. I will see you tomorrow on the second day of stocks, trades 25 days of christmas. I hope you all enjoyed that video thanks for watching the whole thing and being part of the stock straight community. We wouldn't be here without all of you, so if you have not already make sure you hit that like button and subscribe to this channel, our goal at stockstraight is to reach 100 000 youtube subscribers by the end of the year.

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