Welcome back to small cap recap: everybody um talk about a slow day, so slow, in fact that i don't even want to talk about the market today. Instead we're going to read a book: the rock and roll generation teen life in the 1950s by bryce toohey. Let's read it: let's read a what else: something: cool 1955: a handsome 29 year old, st louis hairdresser and part-time blues guitarist, made one last stab at stardom chuck berry, who already had been turned down by three record companies, made a crude demonstration tape and sent it To chess records a small chicago rhythm and blues label, i have to imagine he got like a record deal if this, if he's in a book i mean after his last attempt, i don't even know. Oh, i see john lennon in there huh.

He was introduced to john lennon wow, oh no, including yeah, okay. Well, barry definitely did because he uh. This is him right here he was performing and stuff, so pretty cool man. I think it would have been cool to be a teenager in the 1950s.

I won't lie. You know i mean, besides all the fact that yeah, maybe not but like the pictures and stuff in here all like they make it look like a ton of fun. But then in here and on the internet and like what you see in the history books. But in the same breath, i suppose there's like a lot.

We've made a lot of advancements in life and uh society and technology. I guess we have it pretty well now, but i'd definitely be curious to know what it's like, um. Okay! Well, aside from that book, i've got matt's glasses. I walked up to him.

Matt literally is sitting there and he won't even come join me like comment down below if matt's slacking, because he's like oh there's, really not a whole lot to talk about. Okay, what i i have even less to talk about than you that so i'm reading a book, so i told her - i needed his glasses to look like a nerd call him a nerd um, no guys so. Here's the deal with the market today, um. Let's talk about like first of all, the overall market which had a pretty strong rebound at the end of friday, slight gap down uh over the weekend here uh and let's take a look at the daily chart: real quick kinda, getting crushed man like fresh lows.

Now, okay, to be fair, it's like yeah new lows since what uh july, you know what i mean, but you know it's still just it's like. I saw tim she's talking on twitter kind of today um and he's right. You know i mean everyone wants to say. Oh, this isn't a bubble.

This isn't a bubble, but you know in some breath like i think we kind of have to admit the market is inflated now inflated in terms of you know, dollars being pumped into it um. Normally, inflation does take a bit longer to kick in um, but you know, given this whole thing, i mean we pumped a lot of money into the market. I think this a pullback is healthy, it's probably needed um and who knows how big or small that could be. I mean every time we've had these, these scary dips.

You know they have recovered um. Here we had this lower high and everyone thought i remember this. I even i was thinking like okay, the market in the market's done um same thing here, dip back down dip back down, they all just keep getting soaked, but this one definitely i mean you know, even if it does recover, it'll, probably be a few weeks before. I assume the best it's probably a few weeks for recoveries of the new highs, um, maybe even a few months who knows, and if we do you know, start start.

If the air starts coming out, it's going to be it's going to be slow. Tech, especially, has been more inflated than anything else in my opinion, and not not to say that tech hasn't been big. Tech has really kind of gotten us. You know through covid, with a lot of these physical stores.

Being out of you know, a lot of brick and mortar suffered pretty hard and tech really excelled. But what was interesting is like a lot of uh a lot of tech before now. This is before a lot of the earnings reports earlier in covet, but it was a lot of speculation. It ended up being right, but at the same time i mean i can go to basically every tech company, let's, let's just pull up a random one - that i remember uh wayfair went crazy.

I mean like from 21 to was that nearly 400 in a year - that's 800 percent. For a real company, mind you, i mean the what the market happened. This is 25 billion dollars ran 800 percent in a year. I mean that doesn't happen in a normal market.

Like you, don't see that stuff happening with real companies and no matter how much how good a company is like that that simply doesn't happen in other news. Let's look at facebook, real quick got cremated. Today i mean smoked um. You know for those who saw the news, it was like basically talking about how well i mean facebook and instagram are down today, um outages and basically hackers stole what 1.5 billion people's data and sold it.

I guess across like the dark web or something a very uh, supposedly a common data, sale site or something for hackers. I didn't read too deep into it because, let's be real like facebook, i mean all of these. Companies are already selling the data right like we know that um, but i mean facebook's down five percent. At one point it was over five percent and it's quite i mean that's a that's a really big drop for a real company um.

Let's take a look here. Little five-year chart even facebook's, another example. Right i mean this was down at 138, beginning at cove again beginning kovid was you know every company suffered, but it still ran a little over. Is that 200 just about 200? Maybe to this top pretty crazy in a year? Um, so i guess like either way the companies like this pullbacks are needed.

The reason i'm saying all this is because this seems today you know with the the spy tanking facebook and instagram are down which, let's be real. Facebook groups, uh instagram groups, pictures like that's a lot of the ways, a lot of like brand new traders or traders who just only follow alerts, get their alerts from. So it almost makes sense right that the market's going to be a little slower and then to top it off in small class, small claps small cap land. We had a midday offering come back um.

Well, the midday offering did not come back. Midday offerings are back. You don't see this a whole lot. Um midday offerings suck, so the last big offering drop i remember, was fami cause.

I was caught in it. It was over the weekend. That is basically how most small caps do it um over overnight. You know uh after hours pre-market.

This just did it in the middle of the day and every time that happens, i mean that's a that's. A momentum killer right there that that normally makes it pretty difficult for small caps to run um. I mean if you look over here on the on the top percent gainers scanner. There really is not a whole lot going on zine, i think, was a uh.

I didn't even look at this because i looked at it pre-market. I think it was like an acquisition. It looked like something like that: a merger and acquisition - oh no, that actually moved today. I wonder if that i didn't even check the news i really didn't, because they announced that they announced a public offering today at four um to the to the moon.

That is crazy. The huge fda news sending xen pharmaceuticals to the moon; okay, so they had fda news. Okay, that was a legitimate one, but it wasn't by any means a small cap um that was wow that moved pretty well today. There were definitely opportunities there uh for some reason when it gapped up.

I thought it was like an acquisition, but i guess it didn't move at all like that. This has been a really nice buy. Let's pull up view op real quick. This is one of my favorite things: yep has this dip and rip holds view up, pulls under view up, but holds lows or it holds above low as well.

This is like my favorite buy, but again this is a one billion dollar market cap stock. So not necessarily something i would trade um, but that that entry right there i love that one risk award is pretty tight, even if you risk here uh another good one here. Another good entry on this trend break not as good of a risk reward. Then it gets a little choppier here after this poll i would have been a little scared, but that actually that's that was pretty nice.

I didn't even didn't even pay attention to it again. A larger float than i generally would trade all right. Let's get out of these, we already went over prague, i'm gon na go over a couple of my trades today. I didn't trade a whole lot.

I ended down the day. 150 dollars and matt ended the day down 420 blaze up uh. So together that puts us down not quite 600 but 570 dollars that math sound right andrew 570, 420 plus 150.. My brain i'm it's like not even fried i'm just kind of tired, 420 yep yep 570..

Thank you andrew um! So, okay yeah! Let me go over to my trades, real, quick, mxc. Basically uh helped me out a little bit. I was getting some scalp signed up in here, but it was a lot slower of a mover than i was really hoping for, which is weird because it was a pretty low float. Uh, i mean one one million float here, but just never really had clean moves.

You know this: this guy got this pop here um it was annoying too so here let me pull up you up on this one. This is kind of i go over this pattern, a lot because it's what i see working so you have this. You got the rip consolidation hover above v wap, but it had some really really nice consolidation right. I liked this a lot, so i took it right here had this pop and it just grinded and then unfortunately, it really didn't get anywhere.

Actually i had to sell in for like a quarter of my shares at 6 15 and it hit 6 14. um. Did they did they do that on purpose? I don't know, i don't know. Yeah 6 14 were the highs um and then i i sold on this dip up five, this basically this 530, this consolidation low, is my risk.

Should i have risked here, maybe yeah - i guess like if i was gon na - be longer term - not scalping, it sure. But then i re-hit these pops here. This pop here uh did not hit it for the 18 grind up, but that that did you know those are a couple. Nice little wins.

Grom, unfortunately, was the one that got me at the end of the day. I think i was green about it's probably green, about two hundred dollars. I took some slippage on this. Unfortunately uh we had this v op recovery and the multi-day chart.

I love love that multi-day chart. We basically uh. Basically just had this really. I liked the consolidation.

Let me turn off all this stuff uh it had this dip, but it still held low pop up today - and i was just hoping for this trend break right here. This is kind of what i was looking for, not excluding now excluding the after hours hoping for that view. Op recovery, then then run back up into the force. Low fours, maybe and then have a opportunity tomorrow, still might again as long as it's holding this low.

I think we're fine, but i unfortunately have noticed that in this choppier market, um multi-day charts only matter when it actually breaks that key level. So if, by tomorrow, it doesn't break and hold up here, uh in the higher threes, the high to mid three mid to high threes, probably going to be a whole lot of nothing. I did take a couple other trades today. I don't remember exactly what they were.

I haven't uploaded my trades yet, but you know it is what it is again just a slow market after after grom happened that er not grom after prague happened, uh that that was kind of the key, in my opinion, that that's what kind of kills the momo Mid-Day offerings are tough, spy is pretty heavy red. Today i mean, what's that is one and a half percent 1.2 percent. So - and you know if it keeps making fresh lows this week, it's gon na definitely be tough for a lot of the small caps to really gain momentum, so i'll keep staying in that scalpy mindset going for the really easy trades. I will go over amtx real, quick, just look at the chart.

We talked about that on friday that unfortunately didn't even try to hold up today, so it was a no-trade um wow that got crushed yeah. I liked the daily chart on that. The 20 breakout was pretty key, but that felt really hard. Today i was hoping we could have a push up into the 20s, but now looks like i'll keep it on my radar again for that 20 breakout.

I've got price alerts set rats, but that's just how that's just how it is right now so um yeah. I wish i had more. Oh you know, i guess we'll. No.

I won't go over a bunch of charts here, but we did have a lot of uh oil sector or oil sector stocks running today, because crude oil or, like crude oil, was breaking out into over six year highs. Today, uh was what papa papa john said in chat. I think that was the six years i think, is what he said. So we had a lot of sdpi.

Um ped was moving a bit a little bit today, a little choppy um sdpi. Unfortunately, they were really good in the morning and then, by the time the afternoon hit. The only one that was moving was mxc was an energy stock. That was that one i was talking about um, so you know if oil stays strong and again because the you know, oil, the prices of oil is, are increasing quite drastically right now across the united states and probably around the world um.

That sector will definitely be something to keep a watch out for, but nothing like today. It wasn't anything crazy. A lot of these oil stocks are pretty beaten down the small cap ones um, it's not generally a sector, i trade well, but i'll keep on watching. That's.

What's moving i'll, keep scalping those, oh and we'll, do a quick cei update as we close out here, and that will be the end of the show again just giving you guys a quick little since there's not a whole lot to talk about today. In terms of my trading or our trading like me and matt's trading, just kind of go over this yep yep ceis, just uh couldn't hold green and unfortunately, the air is probably going to come out of the bag soon, which does suck. That was fun while it lasted but anything's possible. It's a scam, x, ticker anything's possible um, an amex.

We call it scam x because they're scammy um. I hope that doesn't just crash and burn, but that's what cei has done in the past every time it ran. So that's, basically all i've got today uh again, i'm keeping cei basically always on watch not to trade, but almost as a indicator of how the small cap market might do um and yeah that's unfortunate. That's all i've got folks so andrew.

What do they need to do? What do they need to do? Yeah guys, just like subscribe to this channel comment below. If you have any questions for matt and bryce and uh yeah, that's it andrew. I got a question for you. Do you think i'm going to hollywood on these people? What do you mean? I i don't know like do i am i am i changing.

I saw comments on twitter, so matt monaco made a joke about small cap rockets versus breakouts and breakdowns. Then, like people thought we had beef everyone's fine by the way, don't worry we're all we're all still really good friends, but there were like these random people. Commenting like oh. I i liked small cap rockets.

Then bryce went all hollywood on us. I don't know what that means. Do i seem like a hollywood star now or something because i'm doing small cap rockets. Thank you.

Thank you. I like to think i'm still a genuine guy, yeah yeah i'd like to andrew's just saying that to make me feel good. Now anyways guys uh yeah and how many tell them how many subscribers you're trying to get to and how many do we have right now, yeah, we uh, i think we have a close to 90 000 and we're uh. We need 100 000 subscribers by the end.

This year and it's october and do you i know, i know we talk about this. Sometimes do you know the number off the top of your head? How many people that watch small cap recap how many of them are not currently subscribed? It's like it's like kind of high, isn't it yeah yeah like it's like 30 40. I think and guys we get like you guys are. We have like 5 000 people watching these, if, if those 40, if you 40 of people that watch it or whatever the number is, would subscribe to us, that'd really help our goals would mean a lot.

We like to think we're trying to do something good, even when the market's slow, just kind of giving some market updates and uh please. It really does mean a lot to us if you can subscribe and if not just comment and like down below guys - and that is all we have for today. Thank you for tuning in to this slower episode. Hopefully we get some momentum picking up throughout the week, but as of now, like always play it safe play your plan, and i will see you back here tomorrow, hopefully with matt monaco, so he can be wearing these glasses they're kind of dirty.

We need to tell them to clean them all right guys. Thank you. So much see you tomorrow. We hope you guys enjoyed that last video thanks so much for watching and being a part of the stocks trade community - we wouldn't be here without you guys be sure to hit that like button and subscribe to the channel.

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