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All videos or content posted on this channel regarding stocks, investing, stock trading, money, money, wealth, retirement, or any investment vehicle is entirely for educational purposes only, please do not take any of the information literally, and always speak to a professional/licensed investment specialist for any investment decisions.
π₯ GET TWO FREE STOCKS HERE https://bit.ly/3fukyhO
β One on One Mentoring https://bit.ly/38kPv3O
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β Custom Volume Scanner https://bit.ly/2UqlKZ5
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DOWNLOAD https://bit.ly/2PxgXSy https://bit.ly/2DujgU1
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Most Popular Standard Deviation Videos
1. https://www.youtube.com/watch?v=al4WTRYFUU0&t=6s
2. https://www.youtube.com/watch?v=tNdpkHGhn_E&t=4s
3.https://www.youtube.com/watch?v=w4wEK5lUtuY&t=70s
DISCLAIMER:
All videos or content posted on this channel regarding stocks, investing, stock trading, money, money, wealth, retirement, or any investment vehicle is entirely for educational purposes only, please do not take any of the information literally, and always speak to a professional/licensed investment specialist for any investment decisions.
Good morning, ladies and gentlemen, everybody uh yeah. Hopefully the stream is working. Okay, um yeah! Let me know if the audio everything's coming through all right, i'm actually streaming from a spot, i'm normally not working from today. So i'm working off of a bunch of stuff.
That's not mine for once, so things are a little interesting today. Audio is good, everything's good and the stream is actually working pretty well, that's impressive. We have had uh so far, there's been no having to stop and restart this morning. So that's cool so so far streaming in a different office, different location, different internet, different computers has so far fixed.
The issue we've been running into for many months now, so interesting, no at t and life is great. Life is great all right, so um, i'm probably not as up to speed as maybe i need to be, because i've pretty much spent the last three hours setting up streaming, softwares and trading softwares and everything in between um. So this morning we saw the stock, r and xt pop up lpro pop up. I think fubo popped up at like four in the morning a couple earnings plays, you have um.
I thought i put them in the title. Uh, you have door dash, you have fiverr, you also had uh. I don't know something else, we'll probably eventually get to um. I mean we'll cover everything in between there's a handful of stocks that i'm looking at you know maybe i'll treat them.
Maybe i won't. I really don't know so. Um, like i said it's been a interesting morning, setting up software. So all right.
So first thing i guess we can do - is um. Well, maybe we'll look at quantum scape for about a half second, so quantum scape is uh down this morning, i'm going to zoom in here a little bit upper right screen if you're following so yeah today, um quantum scapes down a little bit. I don't really know if we touched on this much yesterday or wait yeah. We did touch on remember yesterday.
We said, look for the market to bounce back and then look for a fading short look for the mark at the downtrend. So it did that right now. It's holding above the previous low of the trading session from yesterday, so you know once that gives way and if it does give way, then you really should just expect you'll see quantum scape go down to the price of 33.32. Today, wait.
3310. 3320. 3330. So you might have about another dollar down from quantum scape today, for it to target its half deviation, statistical level which is going to line up with the previous breakout.
Again, if we look left, you will see that the previous breakout well, there was kind of two right. If you kind of look here right previous breakout go left, you had this high right and then i guess better way of putting is okay. So we go up. We put in a high right and then we actually downtrend all right and then we continue down trending and then you'll see we cross the downtrend here and then we start an uptrend.
So, theoretically, we had a flag break right there, so that was an actual breakout and then this move up was a break of a previous swing, high top, which arguably maybe was this dip trying to hold kind of in that area yesterday. So again, if this fails, we'll then slide down probably to 33 20, which again is just getting closer to that break point so anyways possibility of a slight bearish move before uh quantum scape probably gets dip bought again, but i would be watching down into this 3320 Right now, as sort of maybe the dip by level that quantum scape will maybe try to hold today so before we go further on to anything else, we really should just go across the entire stock market, because once we do this, and if this ends up doing Everything we tell you is going to happen, then we really won't have to cover anything for the day, because you guys will just know exactly what's going to happen. So if the stock market goes down, all of your stocks are going to look like today. So again, you don't really have to ask me well what about this? What about that? It's just if market goes down your stock, probably trades like okay, and then it's like well, when do you buy it well, when the stock market bottoms is when you're going to want to buy your stock? So again, if you're about to ask me any questions about this, that or the other just first put your eyeballs on the s p, 500 and the qqq right now. So what we're going to do is just the thing we typically do, which is just just make up a bunch of levels on a stock chart and hope they work so um yeah. We talked about the market being bearish yesterday and the day before, but the question really is is: does the s p 500 end up pulling all the way back down to a price of like 460 62.? I don't know if it will. I really don't care if it does um, but if we do get, you know a pullback on the spy down to the prices of 460 to 4 60 70.. I would imagine, there's going to be a portion of the market that would be willing to try and dip by that level.
You will also come to find that the two levels i told you about the dip buy on the s. P. 500. If you look left so, if you look, let me rephrase that if you look down, you would see a red line.
You'll see this white line, which are really just long term. Statistical means that i have mapped out and if you look left, you'll see that those two levels that i we're talking about or was talking about line up, really close to kind of the most recent breakout right. Big candle, big volume, spike up all kind of lines. Up right at about the same price point, so this is very well an accumulation dip by zone when the market gets there.
Does it get there? I don't know. Does the world end tomorrow? I don't know, ask joe biden, he probably knows better than i do so with that being said, just watch the market slightly bearish um, because we're down trending right. That's why you're watching embarrass you're watching embarrass because you're down trending, i don't care. If you think it's going to go up, that's fine! You can think whatever you want to think so, just be long when the trend is actually up. So in the short term, all right we just broke down right in the short term, we were up, pull back. Double top pull back, lower high possible start of a downtrend break down below previous swing. Low support levels on price action market goes down. We then bounce up.
We re-test breakdown, we swing lower so until the spy is actually back up over 467 dollars and sustaining you're not really up trending in like a very fractal minuscule time period. If you may, i don't really know you figure it out, but nonetheless, within like a short term overview, if you want to call it that we are slightly downtrending, so i'm going to trade the direction of the trend until the trend has reversed. So, in my opinion, your stocks have a good chance of trying to trade bearish on the day as long as this market's going down um. So again, they can do whatever little up pop magoo.
They want to do, but until it breaks back up above 467 dollars on the s p 500 and sustains, then i'm not going to consider wearing an uptrend within this short little time frame. Therefore, i'll watch stocks bearish, so you're asking well: where do we buy stocks? Well, if the market does end up swinging down really harsh, your stocks are going to get beat to a pulp and then when it goes all the way down to 462 460 there's a good chance that computers and algorithms and people like me, would be like. Oh, that's: a good dip buy so then we'll dip by down there and at that point in time, in the day whether it be 1 pm 2 pm doesn't really matter. Your stocks will then bounce okay, all right over to the qqqs alrighty folks.
So again, with the qqq's, it's pretty much the same exact thing. So again, if you look at the stock chart, it literally looks almost the exact same as the s p. So again, up pull back down lower high pull back, try to break out doesn't work so slightly kind of down trending, but really not a downtrend. Until you break a previous swing.
Low previous swing, low supports, get broken down here, bing bam boom and then we kind of pop up little do a little magoo, but don't really test. Who knows then they test for bubba, and then it goes down. Okay, cool, so we're still kind of downtrending. On the q's, so until we're out of a downtrend crossing significant levels, we're just going to say the same sex thing as the s p 500 you're going to want tree bearish all right, cool everyone's caught up on that fantastic.
So for me market's slightly bearish. Until we're out of a downtrend within this short little time frame, dip buys for me qqq, 387 43 zone spy. I forgot what the levels were, but you guys probably remembered all right cool. Let me read a couple comments here. Oh all, righty good morning, everybody good morning already thumbs up. Thank you, sir btb. Mr montero btb might still have some movement. I know it was a mover from yesterday.
Sopa was crazy. It was crazy yesterday. So maybe it's got some momo audio quality, isn't as good uh calvin yeah you're right, i'm actually only using an hd pro webcam from logitech. I didn't bring my like expensive mic down here, because because again i was really just coming here for the day you know check it out, see how things go, which they're working significantly better than my house.
So uh, that's just i'd, be i don't know whatever uh. So yeah we will uh yeah. The audio is probably a little bad because i'm not using like my high quality stuff right now, connor, my guy, the only guy. I know with a crystal ball to the market.
Well, you know, maybe maybe, but that crystal ball still hasn't made me tons of millions yet so when it does make me millions, then we'll say conor has a crystal ball, but i appreciate you having that much confidence in me. A hundred four sixty six five puts it open all right, fantastic, no, more scanners, yeah, no more scanners. To put it simply, they cost a lot of money. Um the fees are really just of zero.
So let me put it this way when you stream scanners, like that to public, then it becomes a business model and when it's a business model, then you're charged even more money. So it's not like me having it for personal use. It then becomes for business use and, of course, since it's for business use and because yeah you have to spend more money, so there's just it's it's gotten to the point where there's just no point. If, if in the event, my streams would actually work perfectly, then it would kind of make sense, but you guys saw how that worked.
I was never able to stream my live stream like this, and my scanners in the same home at the same time in 2021, because who knows technology isn't a thing in 2021, so we're still working on that if that day, if we get to the point where Our streams actually work perfectly like they're supposed to on a regular day-to-day basis. Then yeah, we'll uh, we'll go back to streaming scanners, but until then they send an additional cost and there's no point right. So i'm sorry, i'm sorry for that. I've tried.
You know i'm trying my best here, there's only so much a little connor magoo can do you know uh. What do you think about bitcoin this high this week? This will be uh. We could talk on bitcoin. Why not um write these stocks down just as like an fyi? These are a couple.
Plays that i'm looking at. I have no idea if they're gon na work today they might work today they might not work. Today, you might find a girlfriend today. You might not again, i have no idea, but you have the stock.
These are just a couple ones that i'm like trying some new things with, so i would recommend putting these on a side watch, i'm just seeing how they actually perform, because these are all kind of a new tester for me, so write the stock ml. So that's! That's your mom in larry ml, so write down ml uh then write down g s, l! So that's g s! L e o s e! Again! That's e! O s e uh, four! F, o! U, r, k, l, r and s-k-i-n i'll quickly! Repeat those again! So if you forgot them or didn't write them down ml, gsl, e-o-s-e, o, u r, k, l r s k! I n another sum that i just kind of came across that i'm just watching again, i'm trying a lot of new stuff these days um. So these are just kind of like the uh learning curve on some new stuff. You can write these down for potential swings um that might work again. If you don't know what i'm looking at, then these might look like to you, but uh. A g f y write that down s t l a write that down uh g e, which already kind of went on a move. So maybe you don't like that uh in the stock, neuro and url. Are there better plays out there? Probably right it's more or less, these are just a bunch of stocks that are meeting the potential requirements for one of my new strategies.
So if they, so it's me basically back testing these stocks over the next couple weeks, so see how those perform um and yeah have fun um cpi, at 6.2 percent, my dude yeah, you know it was like that. One time when the federal reserve told us things were transitory and you were an absolute idiot if you believe them it's kind of like the one time the government told you that you know they were your friend and you were an idiot because you believed them yeah. It's kind of the same story going over and over and over and over so yeah um yeah yeah. I i pretty much just never believe anything.
That's on the tv - or this told me through a major news outlet, um so yeah i mean transitory, not transitory. I mean put two and two together print a bunch of money. What do you expect is gon na happen? You know put two and two together. You have a private banking industry that really is out of reality and attachment to the everyday public, and you might say, oh, that's not true.
I mean come on guys. If i had a trillion dollars. Do you think we're on the same status? No we're not so think about mr j powell money printer. The boy he's got his finger on a button that can print as much money as you want.
So you are of. You are just a peasant to these people. Okay, you! You are like the bottom of the bottom: they just don't, they don't give a about you and they never will and that's pretty much the way the world will continue to work forever, so enjoy it. While you can, you only have like 80 years so don't take things too serious, so anyways, transitory inflation.
I mean it's not surprising. It's up higher all right. Now, let's take a look over at bitcoin um. It's forward slash btc if you're not familiar on uh, think or swim.
So bitcoin is at 69 000 today. So it's almost like bitcoins going to 80 000.. So you remember that one time when connor was an idiot and thought bitcoin would go to like 20 000 yeah. I remember that one and then you remember when conor was somewhat smart and he told you that bitcoin was then going to go up to 52 000. Then it was going to pull back into the 40s and you're supposed to buy that and then you're going to go to the all-time highs. So that time he looked somewhat smart. This time, we're still thinking bitcoin is going to go well, at least for now. Bitcoin's, probably going to go to 75 000 and then once you get to 75 000, do a little shindig magu dance around a little bit.
Then we can update a price target, probably closer to 90 to 100 000.. So for right now it doesn't even matter markets are watching bitcoin up to seventy five thousand believe it don't believe it. I don't care, i'm not your mom or your dad. So uh, i think bitcoin is going to continue going up based on the four hour chart.
You have a move to seventy five thousand. If you look at the long term daily chart, you have to move to ninety five thousand. Remember that this chart that you're looking at right here, this magical chart. That means absolutely nothing these trend lines you see they will increase over time.
So, tomorrow, this ninety five thousand two twenty one in that blue bubble could be 95 250. again i don't know, but it's going to go up so as bitcoin goes up, this trend goes up. So if bitcoin goes to 75 000, do you think that blue line is going to be 95 or is it going to be 100 again, so the price target on the upside does slightly increase as the days go on so bitcoin is on a big boom boom. Not a mcbeanie boom.
We know how that one went but again bitcoin is booming. It's doing well um. I don't know why you were asking about bitcoin but thumbs up, i'm happy. It looks good.
I got bitcoin, i got ethereum. I have a bunch of different cryptocurrencies at this point: um, so yeah yeah. I think you're all caught up to speed on that one tesla. Does it have a gap on the short side of 900 uh yeah, so we can rock and roll on tesla, because tesla i mean i did make this twitter post.
It was just kind of a joke saying that you were only like i'm not even gon na say that someone's probably got some kid in the kitchen right now working doing his school work before he goes to school. What time is it nine o'clock? He should already be in school, so if he's not in school you're a bad parent just kidding, you don't need to go to school, to be smart all right. So with that being said, uh, what were we looking at? We were looking at um tesla, that's right! So tesla ended up just getting yapped uh pretty hard. I mean i was emailing someone the other day and i basically told him it was in a downtrend.
I didn't take part in the trade yesterday because i was watching quantum scape and probably six million other plays, but you guys will remember that i basically said just watch a bearish um after it bounced and retraced and a bunch of other things right. But nonetheless the analysis was that you were supposed to watch tesla bearish on the day, so i'm going to rock and roll this to full screen all right, cool cool cool, so uh you're, pretty much getting. I i got ta say you're you're almost to the dip by. I think, because we have a gap fill so i figured the market was gon na gap fill pretty much. So you can see this market fill this gap right there we're not there yet, but i anticipate that you know. If we're going to swing down much harder, then the market would probably go to this gap fill in bounce now, ironically, you will see that this gap fill when you look left also lines up with the previous high. So again, if we're taking a look at the big picture, let's just go down, then we go up. Damn it come on up, then you go down and then you create a higher low.
So it's like possible start of new uptrend and then you have a break of the downtrend and then you have a break of the previous swing. High top. So now you've started an uptrend and then you will see that the market holds that support there and continues. It is uptrend so until you get a lower high and a big previous swing, low brake on the downside, theoretically, you're still up trending.
So this move you're. Seeing is still an uptrend. This is just a gigantic ass pullback that will probably get dip bought here and bounce back up, and at that point we might create a lower high. That will then convince people that tesla started a downtrend and then we'll probably do one of these swinger magoo's back down like that and in the event, this does not break down for a previous swing.
Low break tesla will still be in an uptrend. Shorts will get squeezed right here. Bing bang boom, something like that, all right cool, fantastic. So what you should do is probably just watch tesla down towards the gap, fill um, but let's get a little more specific um.
So yeah tesla i mean for one, you should just already have thought it was going to go to 950. and then you know down to there and there's probably i mean you could probably look at the options chains too and see if you know there's a bunch Of, for example, if, if there's just a ton of puts being sold, you know down to here at the 825s with an expiration when the next couple weeks, the market makers aren't going to let it go below that. So you could probably look at the option chain and estimate that this is going to be a bottom based on the amount of puts that are being wrote, um. You know like, for example, let's just make an astronomically high number.
Let's just say there was a million puts written for you know 850, that expire um expire. I don't know, let's just say by the end of this week, which is only i don't know, but yeah. So that's just not going to happen right. So it's like you could look at the options, change see if there's a bun, a bunch of outstanding options. Um. You know that that expire worthless below that price and since market makers are the ones that generally write most the contracts. You know they don't want to lose right, so i mean think about the united states government right. The united states government was the one writing options right and they wrote you know millions and millions and millions dollars worth of options and they were going to lose all their money unless the options expired worthless.
Do you think the united states government would want it to go below that level or stay above the level to win or lose money? I mean they probably want to win money, and then, since the united states government is also a very powerful entity with a bunch of money, they could then just kind of bid the stock up over the next couple days and support it so that it stays above That certain price, so people with a lot of money, can make, plays and then also support stocks in a way that make sure that the play that they're already in ends up working in their favor. So that being said, we would probably look for tesla down to 950. Maybe the gap fill uh at most so yeah you're at the negative one standard deviation level here at 990. 37.
So once you get a snap below pretty much 990, you should then run down to about 950., but in this move, you're really not looking for the market on tesla to go below the gap fill as of right now, if you're bearish and short, i mean that's - Really, the only thing i would be going for is the gap fill right now now you might be asked connor. Is that going to happen? Are you sure is tesla going to go down? That far remember, i said you don't really have to ask that many questions today about your stocks. All you really got to do is follow the s p, 500 and the nasdaq, and if this sinks all the way down to that target, what do you think's going to happen to tesla? Do you think it's going to go up or do you think it's going to go down? Oh yeah, it's probably going to go down so again that price target to the gap fill think about that too right, so you might be asking yourself like. Oh man like look at the drop on tesla.
It's so far i mean not really i mean how far does it have to go for a gap fill so it's got to drop from 988. It's got about. It's got to drop out 90 dollars to do a gap fill we just saw it drop from 1243, all the way down to a thousand and fifteen. So we'll say that it drops 200 and well it's 15 and 43, so it's 238 dollars or so so it drops 238 dollars here right over the course of it doesn't matter, but so we know that it can drop at least 90, so think about this drop.
Okay and the market didn't even do anything. The market barely came down right. So what if the market actually gives you a three 400 point down day, you think tesla can move 90 down. I think so so again, that's kind of the concept there with pretty much all stocks. Today your streams got a different vibe since you started. That's because i have you know four hours to myself to actually think and comprise thoughts and game plans uh, so starting at eight yeah. It's slightly earlier for sure. Um has bitcoin already been discussed.
Well, that's probably late, but yes, it has news. Sasha world will not end tomorrow, i'm taking bets, let's see, upst you're thinking about shorting dash if you're going to short dash, you only short dash to the most recent breakout level, because then you're probably going to have some traders to try to buy the breakout um Connor, cocaine and coffee uh, the bing bang boom all right, yeah all right, so, let's kind of run through some of the um, maybe some of the more popular stocks based on momentum today, so you had r and x t so this thing started moving um i Mean we could go through about 16 million different things, but all you have to know is that the resistance was here and now we're breaking down and if you're going to trade, this just at least trade it when it starts an uptrend. All right so ask yourself: is it in an uptrend? I don't know, let's find out, so we go up and we go down and then we put in a lower high. So now we start a downtrend okay, so it doesn't matter.
I mean we could i'm not going to draw every single thing, but then we just go down so we go to here and then we go to there and then we go to here and then we start a higher low and then we break a previous swing. High so then we start an uptrend and then the uptrend pulls back to retest the breakout or the previous swing high break and it gets maintained. And then we go on another one. And it's at this point that more of the public slash retail market would have seen a pattern.
So it is about at this point that you would get more retail participation on the flag break, which at this point is where i would probably want to start selling. Some okay, hence the concept: when you buy the breakout, you always get sold into a lot of the times yeah exactly so you have an uptrend and then it goes up and uh. So it's like, are we up trending and then you will see that uptrend ends up breaking and now we go up and re-test the break of that trend line and now it's down and we have a lower high and a possible swing low break right now. So i would probably be watching this slightly on the bear side for right now as opposed to bullish, and why not? Because it can't go up it's because currently we are well kind of in almost a downtrend we're just kind of flattened sideways.
Okay. Now the other thing is well, can it reverse up? Can it go long, maybe maybe right, but let's take a look at the long term, so the long term? Well i mean you guys know the deal. This is going to be your resistance. It always typically is right, so we look at the one minute. What happened? Oh, we went into there and then it chopped and all broke down makes sense, okay, cool. So let's take a look at the daily chart. Where do we actually now four hour? Where do we actually break out? Well, the breakout actually started down there. So, theoretically that's a swing high break and then you have another one.
I mean arguably anywhere from here to here and then i don't really see much right. So that's another thing too. Right so think about the downtrend here so mark it ready so the same thing that we just did on the one minute we're just doing on a long term now right. So, let's just do this and we'll just call that the swing high top and then down another one and then kind of a higher low, so potential start of new uptrend break of previous swing.
High starts new uptrend, okay, now um for an uptrend to continue up trending. It needs to maintain its breakout. So at this point really you're asking yourself: where did the stock break out? Where is the dip buy of this breakout? To maintain this uptrend? Okay? Is it here? Is it there? Is it here? Is it down here again? I don't know, but then, when you think about how big this move was right, so it breaks out, then you look left. Where is the next big previous swing high top about here right here to here on rnxt right? So if you think of the downtrend down low or high down down down possible start of new uptrend break previous swing, highs, breaks out runs all the way up to the next identifiably big swing high levels, which, at this point just line up with their plus three Plus four overbought levels: okay, so if you're considering r and x t um pretty much you're, not long buys until you've established a high or low previous swing high long setup or until it retests the breakout, which at this point it's a good question.
Where is it, though, because you kind of broke there, which makes sense as to why you all right you've stopped right there, so you had a break out on the flag set up so bounce. So at this point yeah i mean this needs to be the level. That's maintained pre-market because anybody buying this dip will end up stopping out through here and then they probably swing it into the sixes so keep r and xt on watch. If we end up breaking some of these uh previous swing high levels.
Okay, what about the rivian, ipo uh, i mean yeah, i mean sure, watch it. If you want to watch it, don't watch it. If you don't want to watch it, that's all uh! All of you all right. Let me make sure i just got ta get a couple things on my chart.
It kind of organized the stock 4 is spiking out of the gates pretty well. So again, since i watched that this morning it was at 63 we're now at 62. So that's made an eight dollar move since i put it on my watch this morning, though, i'm not trading again, i'm just kind of testing some things: quantum scape starting to go down so kind of just watching this little q s magoo. So we're going to see if we get a little break or magoo below that three. Third, i yeah yeah 3462. Does it give it the old snappy snap, a little snapping turtle today, snappy snap mcclappy, clap ooh look at dash getting absolutely rocked. I mean what did you expect the stock when an absolutely big run, and there was someone probably buying the dip from five days ago, waiting to sell into earnings? I mean what did you think was going to happen when you woke up this morning. Some idiot that just made twenty thousand dollars wasn't gon na take some profit quantum escape.
Oh, my goodness fox. It's just getting yanker. My good all right folks might as well take a little bit of profit huh all right so took a little bit of money off the table. With that quantum scape move.
Remember we said that quantum scape was going to go down to about 33 19. So again, good chance, you could see quantum scape as low as 33 19.. If you look at the sp why the spy is starting to roll down a little bit almost taking out its most recent pre-market low could very well kick-start some momo to the downside. Just an fyi um, it doesn't look like anything's hit my high day scanner.
So unless, like my we're, not updating stocks, i don't i mean it doesn't really look like the height. Is scanners alerted anything so, okay, oh doordash, getting spanked um dude, all right yeah! I don't i don't, i think maybe my scanner could possibly like not be updating because yeah i wouldn't save my. My scanner is not updating, nothing's moving, so yeah rnxt, very uh, very nice move with insane volume right now, absolutely insane volume um just an fyi. Oh, the queue is still kind of moving bearish for right now i mean not like too crazy, but you know.
Ah, i mean they're kind of going through a dip not getting bought up a little bit but yeah that um, whatever it's called rnxt is moving with. I mean pretty crazy volume. I mean the volume's at like 20 million this morning already or what is that? I don't know it doesn't even matter it's high, it's pretty intense all right. So there we got the market going through a little dippy, dippy dippy, yeah, good old market dip pop back towards 339, but again, unless the queues actually get through 393.
Right now i mean it's still down trending right, so spy cues still in a downtrend. Even with this big dip up, so just an fyi rn xt is trading up to about 11 to 10 right now, which is a plus three deviation mark so pretty much the whole objective for r and x t if r and x t is going to have A bigger move is it's got to at least get up through the prices of pretty much 1060s to 11.. Otherwise i mean you're, probably just going to get stuffed uh, we'll see i mean the volume is really really intense. So i wondered if that was going to lead to something more special um yeah, so this whole 1040 11s through that is very, very significant. So if the market on rnxt is going to perform and be exceptionally awesome today it has to go through 11.. Otherwise, you could very well get stuffed in this 11 to 10 60s area just enough, while all righty and the qqq does a little mick bounce back up on the day, but it theoretically still potentially don't it's still down. Trending, it's not up trending yet, but uh looks like the spy is kinda rolling down there again. Oh, it's so frustrating it's so annoying yeah.
I mean really spy. Just quick dip down a little pop back up theoretically, still down trending, hasn't broken previous high spy, still kind of down trending, just an fyi um. It looks like door dash kind of coming back up now, so it looks like maybe market sold down re-test a break point now going through its dip long r and x t still sitting trying to do something special. You can see we're in this whole 1050s area and it's just kind of sitting being pointlessly dumb.
All right. This doesn't even make sense. You are dumb, oh boy, i'm gon na say i've been trying to use weeble a little more and it's just not just really not the most efficient platform. I mean i mean i would like to cancel an order, but you're really not even giving me the option to do that.
That's pretty cool love when that happens, um yeah, pretty dumb. This order really is on okay. Let's go sorry guys! I got ta, you know, figure out how to you know, navigate this platform and since they don't want to, you know help a brother out, orders yeah, i see them and there we go. Finally, so markets getting dip bought up pretty nicely so almost out of a downtrend, you know on some time frames potentially oh finally took forever uh.
You still have pretty intense volume there on uh. What's it called rnxt yeah. For some reason, my scanners aren't even loading today, so it's it's a day where pretty much nothing's wanting to work too well um, which is cool, it's always good. So so far, quantum scape had a really strong dip hold.
Here you can see we got pretty close to the half deviation price, which was 33.70, so that was a downside move target. You can see it's kind of getting supported up here, so in a way it's not really selling down for the time being um. So i imagine if this bearish move for quantum scape were to come back down. It's gon na happen when the market actually pulls here.
So just uh fyi help me uh. Let me go re log into my scanners. Hopefully get some working again, i mean yeah there. They go oh they're working.
I mean this market's trying it's trying very hard to reverse, and it's almost done. It has almost done it uh rnxt, pretty solid dip by there, just an fyi all right, let's see how these guys performed coming down down, pull back up. Oh, you are, yes still sitting doing nothing. Sopa from yesterday. I remember someone saying something about this guy, but i didn't really pay too much attention earlier. Uh so yeah you'll see syt, it's still just kind of trading in this 1070s area, trying to break up so you're, starting to kind of move on the upside right. Now that doesn't mean you add long. You should have been snagging those dibs already if you wanted to be long, but nonetheless it did uh did pop up there, like we were talking about great volume, rnxt, congratulations, good job, well, yeah markets, holding a pretty solid dip.
So far i mean i kind of thought we would swing down. I mean, maybe it's just a little too soon, but you know again: if markets really are pulling back, we'll see it in the next couple days. So doordash is down a bit and the market's still trying to grind up. So you can see oh you're, not looking at that chart sorry uh, just a beautiful move from rnxt by the way, if you're still following it, i mean i'll, show you the cues really quickly, so the cues you will see, have come up right.
They've pushed through this level so right now, they've broken out right, they're trying to sustain this level. So it's very important for the bulls to maintain this break point on the market. Uh you'll see spy kind of almost over one of its um. I guess you could say resistant spots: almost that is not fully but almost um yeah, so rnxt ended up being uh the big boy for the day, so nice work, how's, tesla, doing uh tesla's bouncing off the deviation.
So really not a surprise. There um cool yeah. I really like i said i wouldn't even be sold on this market little dip. If the market's reversing it's kind of short-term downtrend, it's going to have to get over the price of, and when i say i don't even call it short-term, i guess you could say more of the long-term picture.
So if the markets on the queues are up through 396.44, then at that point i'll start, maybe shifting my bias a bit uh cgc at 14 bucks, um yeah, it's kind of an interesting move. Yeah, you know, cgc has a lot of volume there um yeah. Let's see it's not arguably it's not bad yeah. If cgc can actually get up through 1480s, then yeah.
This could have a nice, a nice move, so yeah pretty much cgc has to clear um this, like 15, 18, 15, 20s and then uh yeah. I could see a much better move, so, regarding those cgc i mean it's kind of up right now, it's in a little. What do we call? I mean it's going through a little dip right now i mean it's not a major. I say a major pullback or anything like that, but kind of interesting.
I think it is kind of kind of worth the follow sure so yeah regarding um regarding cgc, definitely interesting. Looking could definitely be followed. Maybe next couple days, stock, a-n-t-e also just uh came across as scanner. It could be interesting, quantum scape still still holding down right.
I mean it still is not breaking up in a way on a day. Interestingly enough um, i would say quantum escape - has like a flag pattern right now, through 35, 40 could definitely see a little bit of a momentum pop. So keep that in mind you might be uh interested uh. A stock a-n-t-e could very well be starting a little breakout right now again, it doesn't look like much, but it could start something you might be interested in keeping your eye on that uh, the stock fiber starting to move pretty well. So it looks like some shorts. Are getting taken out of quantum scape? There goes that flag pop that we just talked about three seconds ago. You will see that the spy and the market have gotten back up through some resistance. Hence probably why you're seeing the pop there uh the cgc is holding its dip really well.
Momentum is picking up there uh, so you could very well see a cgc pop to 1479 1480s. Potentially you might not do it right away, but you know we definitely have you know, maybe some room up on cgc there just enough fyi. The cgc is currently testing its previous high a day, but you know a cgc move or if cgc moves through that, then it would. It would result in a stronger move for that matter.
Obviously i mean duh right. You hmm tesla kind of putting in slight topping action right now. Um, i mean yeah just kind of sitting back watching me at this point. Really that's pretty much all we're doing.
I mean that rnxt was just absolutely cool today. Uh see i mean our nxt made a good pop sure that still might be like taking some time to figure itself out for the remainder of the day. Um, you know still watching that cgc slightly i mean cgc has what appears to be like a little flag pattern, we'll see like again we'll see if it ends up getting some follow through or not uh tesla moving up a little more there. Why quantum scape? You know trying to trend up on the day a little bit interesting, how's the market doing yeah market's coming back somewhat decent, so stocks are kind of on the bull move now with markets.
Interesting, that's very funny, so cgc uh sort of failing its flag pattern, which basically means it's just no continuation off this breakout move for so far and it's kind of funny if you're having tons of volume, buyer beats in that flag setup. Yet it's still kind of thinning a little bit, so it just tells me someone's currently, maybe someone's sitting there suppressing that stock. Even though you have volume, buyer beats on the up so kind of funny watching that uh, ironically, quantum scape kind of pushes through highs and gets yanked back down, so tells us. The market isn't just immediately ready to trend on quantum scape.
That's kind of moving like still so, let's see if, if uh cgc is really going to come down, but yeah keep cgc on watch like the next week or so um, i guess realistically, the last breakout was either there or there i mean yeah. It's. I think it's pretty straightforward if, if what's its name cdc, doesn't hold pretty much this previous level of 14, which i don't think it will at this point, it's going to snap down closer to 1380 and then maybe you get a dip buy off 1380. Regarding quantum scape uh evgo tons of volume on that date or one this day gone with that, but really not i mean, did you buy the dipper? No, if you didn't you're late, could it continue? Maybe bvig um i mean bbig is up a little bit. We did mention watching this long bias the next couple weeks in this area, so i mean if, if you're watching bbig, i mean you're pretty much buying the dip you're looking for it to break above 452, which could happen maybe today yeah but 452 is a break Point on bbig: hmm, all right! Oh that's right all right! So, if you look you'll see, cgc just did what it just sold all the way down from 1410 to 1380. By the way, i guess that's a little trouble a little hard working here today. I don't have everything it's just such a joke. Hmm, it's just such a joke, all right, so cgc coming back down so clearly.
This is the sell-off right people chasing up a breakout. Trying to get it to go doesn't go so. Market is swinging back down, probably to retest the previous brake level, at which point you might get your little balance, um, so anyways, blb xr, that's on the scanner right now, um that is coming from 470. So i mean there's probably a trade there if you want it so going back to this morning.
Remember that what we were talking about if stock coverage goes down, your stocks go down right. I guess we didn't really do the flip side that if market goes up your stocks go up. So again, if you look at the market and look at your stocks, you'll see exactly what it is. It really goes hand in hand hold on guys that will be uh well, i can't really yeah i'll be right back again.
Do something all right, guys! Sorry back on here. What was that nrxt? Oh yeah little dippy, dippies yeah, so so rnxt is a stock that you don't chase a breakout they're, clearly not really working um. So if you're going to trade, rn xt again just buy the dip as soon as the candles pop a little bit. Just take your money and run a little bit and you'll probably do a little bit better, have more fun, um, yeah you're, popping over to good old mick quantum magoo i mean quantum scape is holding very very well today.
So um, you know the short didn't go as far as i wanted, but the dip i did happen kind of where i thought it was gon na maybe take place. Bbig yeah. Sorry, let me take a second. Oh, what do you know? Bbig spike tourism is gon na spike.
What a mystery! What a mystery i mean! Does anybody mean yeah, so your bbig spiked, because it just crossed through its statistical deviation level, which pretty much just means it broke resistance? And unless you run the deviation system, you'd just be going off price action, but yeah anyways, bbig nice little pop move um not going to trade it because you know you broke out, you know and now i'd be selling into you. So that's why i would not be buying that so am i in bbig? No, i'm not! We did talk about watching pretty much the 430. Well, i don't think we talked about the 435s. I think we talked about 450s anyways. We talked about 450s being an accumulation zone over like the next couple weeks, so um yeah. I don't really think we're going to get a gigantic ripper magoo from bbig until you actually see it surpassing pretty much 480 and sustaining 480. So when that happens, i'll be more interested. What time is it so next soon um jx on good breakout, missed idiot? So yeah i mean look uh, you know i'm probably gon na.
This is me going through some things trying to find new setups, because, like on the day, i mean a couple of my plays worked, it didn't work. I was in a short with quantum scape that worked for about a half second and then didn't really make much on it. Now, i'm kind of long, biased, quantum scape um swing trades on two things aren't really working so anyways um yeah. So like this is a good setup.
You know and that's the thing is each day, i'm trying to get a little better at it. But like you know, this might not seem like anything special to you guys, but it really is a perfect setup right. So if you look at like this 10-day chart here, stock broke out right of its previous swing high, so break out, don't chase break out by pull back re-test breakout. So you come in by the dip off the breakout, and you know so far stock is up.
You made 10 there right if you bought the dip held a little bit. You got five percent. So really the objective is to comment each day and pretty much replicate that same thing find a stock. That's gapped up broken out.
Retest, its breakout buy the dip, go for about a five ten percent move and then cut. It then leave a runner if it works, it works and that's pretty much. The objective is doing that every single day, um to a degree right um. So this is me kind of going through a couple things that have already moved today to see in the event the setups are still there or is it too late right so now we're 30 minutes into the day.
This is where reversals happen. So now i'm checking to see what the deal is. This could actually probably continue grinding for the day a bit but i'll leave it kind of interesting. So this is where i'm just going back through, like all of the stuff.
That's already actually moved today like this a-s-e-t. What is this now? It looks like not a lot of volume but yeah i'll leave that one and even those are sometimes okay to trade, even if they don't have a ton of volume just have to understand what you're doing ifmk uh um yeah. This was a good one. Today i wasn't watching it though see that's.
The other thing is: there's like 16 million stocks that gap up in the morning so like today, i did my best to go through, like 150 stocks a day right, trying to find this and still kind of couldn't, even even even have scans to find it. But anyways uh so deal with this one um same thing i mean you had previous swing hype breaks you broke out and here's your next top kind of there. So yeah i mean if you're thinking, downtrend right, we just kind of broke out pulled to it held you just got 38 return on your money. If you held from that dip till the high and that's the that's the professional day trading market right there, all right. So when you look at this right, you guys might be looking at. You know ifmk now i don't know if you are, but you could be and you could be like okay, we got like a potential flag set up. It's like no stop. This is all i mean dip by sure fine, but you know catching that's the bread and butter, or at least hopping in on some of the momo and riding a little bit up um.
But at this point you know, could it go higher sure it could right? But just think about the you know smarter money that was playing this one out today i mean some of them are again up 35 return on their money. Yeah they're, probably gon na take a little profit. So um, you know, if i had been watching ifmk today would have been a different store, but i wasn't bought four to nine nice. It wasn't riveon supposed to be.
I like open up around like 120. yeah. I mean we mentioned bbig. I think uh, like you, know, accumulation you know like around this area like last week, maybe or something like that lcid.
What's the um riv on sorry yeah, so it doesn't look like it's open yet, but you know bbby yeah i mean no. You got bbby, you need a break. You know it doesn't really have one right now. This amc, though this a.m i mean, let's be real.
Is it really going to continue down, probably not you're? Below that i mean why not go back up retest 40.. That seems logical to me. Yeah, i mean an amc pop 40 to me makes kind of some sense. Yeah i mean i don't know i'm watching.
You know not that i think amc is a good move, but if you are watching it, you know, i think amc could very well go back up retest 40 today, because you know why not that's really, my only reasoning, why not sopa halted on way up? Let me take a little gender: oh yeah sop! Oh yeah! This is a recent ipo too, so this could just have. So this is, if you're good sorry. If you're going to trade like a recent ipo, just make sure that you really are um uh buying dips. It just sometimes a breakout kind of situation on those just are not really reliable.
Amc tried to pop there, then just kind of hung out and stayed down, but whatever happened to gamestop today, huh uh game stops grinding up off this low, so it could very well be an accumulation down day off gamestop, where it tries to then come back up. A bit i mean yeah, it kind of makes sense to me. Let's take a look here and not there. Let's take a look over here yeah, so it looks like sopas halted up low. It's category low flow, this that or the other, but it's got some potential. So the gamestop is on that for the day interesting: okay um it doesn't even that's. I mean amc just kind of sitting there, a little dip by after dip by just chilling hanging out. Yeah amc is trying to break up there's a little volatility spike.
Does it lead to anything more hmm? So again, you can see amc's at 39.75 trying to fight well. Is he trying to fight? I mean it's just fighting the previous high of day, but you know once this kind of breaks - and you know hopefully momentum picks up if you're trading long bias. You know you could look up to about 40 50.. I don't think looking anything higher than 40 50 right now makes a whole lot of sense on amc for the day, so you know just an fyi.
I warmed up my coffee a little bit going. What do you know? I didn't drink it. I'm cold great love. It oh yeah stream works perfect here.
I know what do you know so is it your service in your house? I don't know so now. I'm gon na now i'm gon na change from fiber to shitty internet and see if shitty internet works better. Isn't that supposedly the best you can get there yeah fiber is the best internet. You can get yeah.
Is it the two-way campaign? I mean yeah, i'm not sure i'll check. I mean either way they all suck so but yeah, it's good to know it's not youtube or anyone right, hopefully not yeah right so we'll see, maybe i'm just an idiot, so uh yeah we're gon na check out new internet. Are you broadcasting right now? I am broadcasting right now: okay, people see you. No, i can't see you might come behind me.
You can come behind me yeah. I just need to check something. No, you don't just tell me what hurts my brain is. Either side hurt no because your trucks like half and handicap and happen in normal spots, i'm just trying to figure out.
Why? Because i you know, i can't think the only thing i know how to do is stocks. If it comes to anything else, then it's done just talking like your hand, wait move your chair back smile yeah, so the people in the room right now had beanie trading it and got smoked with me. Unfortunately, um yeah, so let's see sopa. Sorry.