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Welcome back, ladies and gentlemen, boys and girls, we are back on streaming, hopefully uh, the stream quality. Is there this time we have rebooted, we have cleared the cache and it appears things are back to normal. Let's go that's what i'm talking about so appreciate. You guys tuning in with me, hopefully uh.
Hopefully things stay, stay good to say the least. Okay interesting uh stay good. All right, awesome cool! We are back on live. Thank you guys again, all right.
So let me get my screens all back to uh back to organized and uh, we'll get rocket and rolling so um. Now that i'm way off my rocker from these couple streams this morning being complicated. First thing i want to touch on. Is this the nasdaq the market, so the recommendation this morning was you probably want to watch the nasdaq long with a price target up to about that red line? So far the market has gone there we have yet to break through, but if we're gon na get sort of a breakout move on the day, it should be through the price of 361, all right so for the time being, you're pretty much just going to be Watching the markets more or less on the long side for a break up to and through the 361 80s mark, the s p 500 never quite went down as low as we wanted, which was that 433 price.
But it got pretty close so for now pretty much as we mentioned, you just have like this little wedge taking place. That's that's a decent way of drawing it, but we'll do it like this, so you have this wedge taking place as the markets have gone up into known resistance for the day, so it's either waiting for the markets to get through the red line or the markets End up snapping the wedge, getting bearish and rolling down on the day, so we will be keeping close tabs on this uh, the nasdaq here to see if we end up snapping this wedge to the downside or if we can get up and through the known resistance At 361 80s and go higher, let's go baby, let's go, i know so um you know. No. I don't know if i mentioned this fully um, so this would be a good good time to explain this.
So, if you're looking at the spy right, if we looked at the spy, we know that the spy had support down here all right. We know that the spy had support down there all right. This was an instance where. So this is an instance where the nasdaq and everything just started pressing up first, as opposed to going down.
So that's obviously why we never really got that touch on the support. So i'm saying is the spy was close to support, but since the nasdaq wanted to push to resistance first, it didn't allow the spy to get down to that that lower price - and i know that seems kind of odd thinking. Well, since the nasdaq went up about no, but you know, there's a lot of tech stocks involved in the nasdaq or the qs, as is the s p 500. Since the q's wanted to go up to test resistance first, it wasn't going to be possible for the spy to end up decreasing enough to hit support first on the day.
So that can happen. That's why i always say it's important to watch some of the two major indexes, because when one starts to move the other one's probably going to follow suit. So that's why i'm always like? Okay, if i so that's where i'm like, if the nasdaq doesn't have support for five dollars down, but the s p 500 has support two dollars down. If the spy runs into support, which is only two dollars down and starts to bounce, then the nasdaq will probably not reach that support. That's five dollars down. If that makes sense. So that's a good way of explaining that i think i was waiting for an intraday test, okay, good, to know all right, so let me get uh my scanners back up here, weird days very weird days, so it looks like snoa has been obviously moving still since The open, oh okay, so they're running snoa down to their side now yeah. So you definitely want to be careful with sno.
I mean it's definitely got a bearish feel there's a another snap from it. I don't say yeah. It's definitely got more of a bearish feel on the day, so we might end up seeing snoa just start decreasing all the way down towards prices of like 960s. So i would probably stay more on the bare side of snoa.
Today, um yeah, we could take a peek at bioc, it does kind of appear, it has um a possible move in it, so we had recommended the market getting into this price, and then that was going to be resistance and only if bioc could actually get up And through these prices, would you see a bigger move in the stock, so i do think it's a situation where you still got to get up and through 450 pre-market high zones for this to really amount to a whole lot. I don't quite trust this stock, yet for a play on the long side. All right, let me just check a couple of the other stocks that have been jumping around. All right just want to make sure just want to make sure that uh, the stream quality is coming through properly so make sure everything is good and working as it should all right.
So there's the nasdaq going up to, as we said, that kind of price trying to get through, but so far not entirely successful off fake email. Yes, we do these live streams every single day, uh generally starting at eight in the morning, and going to sorry going to about 11 a.m. Yep, all right so obviously, amc is down. I feel like amc could be trying to do a little bit of a reversal of this bottom.
Let's see still on the bare side right now, if you're looking at amc, uh, it's just over its nine-day moving average, currently so keeping an eye on it, but it's still trailing down uh. There goes snoa into sort of another new low so that thing's still trailing off for the day. Glad to see that i'm back, i'm glad to see your back so good. I see your skin wrinkles awesome.
That's not really what i'd like to hear, but very good um. You know take a peek at wish. Uh, like i said just for now, pretty much watching snoa as it gets bearish on the day and i'm not sold. This is this is where i'm at right. Now i'm not sold that this market is really bullish. I almost feel like we're gon na really try to battle this price point of 361 on the day, which then might result in going bearish by the end of the day. Well, let's take a look again, i mean that's, it's not bad. I mean we still can get up to here in the next couple days, yeah this the nasdaq.
Now that we've reclaimed here, we might be going for a price target of like 364 by tomorrow or the next couple days to retrace back into the mean. That would be good, so give me a second, i got ta do something i'm going to start today. Yeah today is the day where i'm gon na start adding a little bit of money into um uh. The weeble account well money's already going there, but we're going to start using some of the free cash.
That's in that's inside of it. Let's see how much do we got to work with these days? Cash balance? 320. Okay. So if anybody's curious, so i had about, i could have got another one anyways we had about just over 300 bucks left in this account that was available cash, so decided to put it here on schv, and earlier this morning i bought a little bit of vw.
Oh as well so again, as i said before, this is sort of that weeble account that we'll be using on these live streams where we're going to be building somewhat of a lower risk portfolio. There'll be a mix of dividend growth in there a lot of it's going to be etf-based, but pretty much just a long-term portfolio that sits here as our kind of base benchmark for youtube and just grows moderately you'd hope so give me one second yeah i mean That's kind of gon na put that up there. I actually do this up there. I like it like that.
Okay, so that's pretty much done all right. Awesome! Sorry about that how to get that over with uh awesome, yes way, better good quality! That's what we're talking about? Let's go all right. So let's take a look here: uh i'll, take a look at pmcb son and wish: let's take a peek, so this is s-o-n-n uh yeah so starts off. With up move pop squeezes rolls over uh a very awkward chart, to say the least yeah.
I don't really think you're going to want to do a whole lot with sonn. At this point, uh, i kind of think you just kind of want to let it be for the most part. Yeah i mean you had an early move up rolled over and dropped. Your current support right now is down at 170.
Obviously um yeah. I i don't really see this set up in a way that i would want to trade it on the long side. Yet it just seems more confusing than anything, and it doesn't really appear that you're going to have sort of a breakout move, at least for the time being, um yeah, i generally don't trade stocks have really tight standard deviations because there's not a ton of range um. I think you can use weeble without having an actual account like and you i think you can use a chart. You just can't trade. Is this halted? It is halted. I mean there is some funky trading going on with this stock right now, it's a very unusual formation, but maybe it does end up working pretty well all right. So let me take a look at pmcb.
I don't think it's gon na i mean that one was the one that got the earned the offering right, yeah yeah you're, not going to do anything with that. Uh wish um. So if you remember from the other day a lot of questions about, where should we be long? Should we not be long and pretty much? My my recommendation was to um not really be long um. Your reversal point already happened this morning.
The reversal price that you wanted to be long off of was 642, so the reversal bounce already happened so you're ex you're, pretty much late to that entry um. You should have been entering into that sell-off there but yeah. It does look like it's more of a counter trend move after it's hit support, so i'd be slightly on the long side thinking it could maybe get back up to about 664, but most of the long move there is pretty much done because it started at 640. I would say um so yeah just would be probably on standby with that now honestly, because you need to go up to the chart settings of whatever you put it on and you have to go to the price axis and you need to make sure the fit Studies is unchecked, so what your, what your screen right now into it is doing.
Is it's scrunching everything to make sure that all the studies you have on your chart are visible um, but if you uncheck that, then it will, it will make it the way it mine looks at least it should uh. We just got an alert for ensc on the scanner which i don't really see going a whole lot higher here. All right. You want me to look at zillow, okay, uh so again, we'll we'll still only be on here to about 11 o'clock today.
So a little bit longer, but still nonetheless, it's good to know that we got uh, it's good, that we got the stream back up and running properly. So with zillow. I don't really have much of a support down until call it 82, 50s, 2.. 8460.
So yeah. I think a good reversal spot for zillow could very well be down a bit more yeah. Maybe looking down towards like 84 to 8240 is where i think a stronger reversal spot could be for the stock zillow uh. So far the stock snoa is managing to hold.
I mean it well, i mean it went through a big dip and obviously right now, it's just a small counter trend: bounce um yeah a lot of selling on that stock. So far, today, since market open at least uh alex yeah, i mean you're you're. Definitely right about that once once far out of the money contracts expired, then the markets, then market makers will generally move things, move things there you're absolutely right. That's another important thing for you, guys to take note on right is most most option. Contracts in the market are written by market makers right so, for example, let's just say i'm the market maker, you come to me and you buy a bunch of calls on the stock market. Thinking the stock market's going to go up. You know, let's just say a hundred dollars a share, and it's a really outrageous bet. It's a really outrageous call.
So me, as the market maker. Of course, i'm going to write those contracts to you because you're most likely going to lose the market. You know probably isn't going to go up that high well again, think about it. Most of the contracts are written in the market by the market maker.
So if, in the event, you're right, when you take a bet, it's usually the market maker, that's losing on the bet. So again, a lot of those market makers are going to do everything they can in their power to make sure that they have some sort of option plays expiring, so of course, they're not paying out a ton of money like, for example, if you know it, it Happened on pinterest just the other week we were talking about pinterest pinterest just had their earnings report um. I think it was thursday and on friday there was a lot of options at like the 25 dollar price expiring, and that day we had said that the price target was probably about 25.50 or something so you'd expect that the market would probably move to about 25. 50S and then, by the end of the day, the market would sell down and the price would remain below the 25 mark so that by the next day, all the all the calls that would be expiring would expire worthless as opposed to in the money.
And that's exactly what happened: the market kept the price below 25, which resulted in a ton of option contracts expiring, worthless the next day, which would then be out of the money. So that does happen just so. You know um exactly and then that's what alex was saying. You know, um they'll make sure they expire worthless.
So um, that's kind of how it works is because again most of the market makers are the ones writing the options and they're not going to allow you to make a ton of money off their backs. So, generally speaking, you can't buy options that are extremely risky or way out of the money, because the likelihood that they're going to win is very unlikely. So unless there's some sort of black swan dramatic event that you get lucky enough to catch, they usually expire worthless. Nonetheless, so uh right now markets are uh.
Market is moving very well. Um markets are back on to kind of a bull side, so um for those of you that don't know on the weeble account here this morning. Uh wasn't a lot of money again, i'm still waiting for it should show here um. Where did i find that it was i well? I was looking at my phone the other day, but anyways.
We should have a deposit coming pretty soon. What, if i went into here, would it show incoming no? I did that the other day it didn't so anyways uh this morning today. What we ended up doing well in this account was adding to um. Excuse me adding to schf and s c, h b, so schf is really investing more into foreign markets, so this investment there um is me just getting involved into foreign markets all right and then schb here. This is going to be involvement in the united states. Stocks of course, so this is a schwab etf, both schwab etfs. But this is a schwab etf of the us stock market, and this is a schwab, etf of the foreign markets and then later, as we start getting money into this account, which should happen, maybe by the end of the week or beginning of next, then we're going To start looking into more things to add to this, and also some dividend reoccurring stocks as well, so i mean you actually i'll, show you here just a second under watch list. I took some time last night to create this there's still a few more.
I had to add, but just out of you know, for fun um by adding all of these companies to your portfolio. This would create, like a very consistent dividend, reoccurring payment to your portfolio. So we're going to be talking a little bit about that more at a later time. This one i never mind but anyways, so that should be fun.
That's all obviously going to be happening, but definitely more so next week on that inputs, uh plus one plus two plus three plus four negative one negative, two negative three negative four, but you don't have to add negatives. You just need to have one two. Three, four. Five one two three four deviations: um uh peter.
I don't remember what stock we're referring to when it came when you're asking that question about what if it comes back down to the regression, i don't know what we were talking about. Look at our kt. Well, i have lines there. Rkt is just kind of yeah, i mean.
Let me delete this and re-look i mean i don't really see anything crazy happening with rkt, given the way it's set up. It's just kind of on small support right now, so yeah, not a lot of movement, probably very low beta right now, yeah. I wouldn't really do a whole lot with it uh. No, i have not looked at amg and for long term, um titan.
I don't even well we don't even have you know, those are just some. I literally just sat down last night was looking at some of these, but mplx. Actually i'm curious to see what it is. Let's take a look, yeah mplx interesting.
They have a very high dividend yield now very high dividend. Yields are generally the rule of thumb in the market. Is you don't want to be above a five percent dividend yield in regards to risk? Generally speaking, companies with a super high dividend yields are trying to attract investors, and so normally the rule of thumb is you want to be in the four to five percent area, and that tends to put you at safe companies anything above that generally seen as risk. So you probably won't see, but again it some can pay high dividend yields and do okay um. So i would need to do more. Research on the company, but dividend portfolio is not about having the highest dividend. Paying stocks is about having safe dividend, paying companies that accu have generally raised their dividend over x amount of period of years. It's not about having the highest dividend, yielding stocks in your portfolio because then you can get because then you can lose growth due to capital depreciation if the company doesn't perform well.
So that's that's kind of that that saying there, but looking at just the chart here on mplx, well yeah, no look looking at the chart on mplx right you're, looking at your 20-year chart on this down so right, we add this to a dividend: portfolio hold it For you know, 20 years the trend has been down so if you started leveraging into uh mplx right now, with a nine percent dividend yield and the stock drops fifty percent over the next. You know a couple years: 50 of your capital and you're only going to make you know if it paid a 10 dividend yield. Then it drops over five years. 50 it'll be zero growth, theoretically uh, actually probably less, because you'd have to pay taxes on a dividend yield and then you wouldn't yeah so probably end up being less but um so yeah, that's the saying there is when the dividend yield is too high, generally got Ta be very careful with the company because a lot of times you can see depreciation the capital growth.
So unless this started ripping and trending up, you can see it's in sort of a downtrend yeah, but anyways um have a look at the ambient long term works. Yeah we could take a look at works. Of course, of course, why? Not i'm sure it's going to be a great time works, moving very slowly right now, so obviously not really something. I would probably day trade uh.
Your long bias move will happen as the market breaks through its plus two deviation mark, which is at a price of 321 um, so yeah, it looks like works already, ran to resistance today, um up at the price of 320., so until works gets through 320 you're. Not gon na really see a whole big breakout move so you're, just basically watching for a 320 move right now up and over um yeah. The fact that i had to get this all figured out this morning uh give me one second guys i'll be right. Back.
Sorry about that there was uh. It seemed like whatever that gentleman told me to do earlier with some command feature on the computer seemed to help. So i think i might need to do that to my other computer that streams the scanner. So if the gentleman who told me that, like windows command thing to clear the cache, is in this stream, if you could resend me that command, i don't know what it was, but it seemed to work so probably going to have to ask that one tomorrow, all Right, i want to pop over to amc just to check on how our how our baby's doing so this morning, not so good. It's really not it's not doing a whole lot command r. I don't think that was that. I don't think that was it. No.
There was something there was something else that you had to like copy and paste and put into the actual file, but anyways, i'm not a super computer geek here or tech guy, don't know it right going over to check on the stock duo like i said this Being uh kicked out in the morning kind of threw everything off for me. Hmm, this is a good move. How has nvidia been moving since earnings? Okay, so nvidia sold off coming back up on the day got ta say i feel like nvidia is gon na try to get back up to the not 195.58 price? To be honest, the market's still trading, okay, i'm starting to get a little nervous that the market might give us a pullback pretty soon so slightly iffy about trying to enter along here. I think nvidia could get up to the price of 195.79, but at the same time, if you look at the queues and if you look at the spy, we're currently kind of down trending a little bit and a pullback, so it could be a slightly bad time To try to do that, uh quantum scape yeah been a long time since i've seen that one uh looks like it might go down.
Everything kind of seems down on that for now doesn't seem like a solid base market's down trending still, i would probably stay bearish on that all right, so i think we're seeing i need some coffee. I think the market, the nasdaq, is moving back to retest support. So you see where i'm zooming in you see where the regression levels at the white trend line in there it comes into play at about like three: it doesn't matter. You'll see it in a second, so i think the market on the nasdaq is trying to retrace down to about this level.
These two red lines - it's more specifically the first one, so part of me - thinks we're trying to retrace down to this level and retest the breakout level so kind of watch and see if we can get our markets down to here for a retest of the breakout Level uh, if we can hold it, then maybe we suggest we're going to bounce and move higher on the day. If we start to get weakness here and it looks like we're going to roll through then we'll have that discussion. When that happens, there's our they took it away very quickly, never mind ttcf uh ocgn agreed check, e-mini nasdaq, big uptrend, yeah, um ttcf. Let me see: ttcs is just down um you're kind of at a swing, long price yeah i mean if you want to play it safer, you're, just going to wait for the mark to come up and start crossing through about 1680s 1690s to be more long bias On that all right, so if we zoom in you will see the nasdaq has sold down, it's still coming down a little bit.
We have yet to test the pull backslash breakout level. There is the nasdaq on that recommended level. We would pull back to now. It's a matter of: does the market hold support there, so i added a small long to the nasdaq there to see if we end up bouncing around this level, there's the start of a bounce uh took off, took off a little bit of that. So a little green trade and now, if the market sustains, then we go higher, that's great. If we fail to hold our support, then it's really no big deal. The spy is still rolling down, so the spy is moving continuously bearish. We won't give this level too much leeway by the way.
Alright closing looks like we're going to fail that support so managed to get out with uh, just a very small win on that. But again we still might bounce here so looking for a possible reclaim all right one. Second, let me just kind of get over to ocgn great all right market still holding that level that we identified by the way the stock snoa rolled over again, that's probably going to continue downwards, just an fyi, so um, you know this is a situation where we've Thrown back to the support level, we bounced it swung through it bounced back to it, swung back below it. So it's kind of struggling to hold that level, at least for now, and that's just got to be a situation where you recognize that and you take your take your investment off.
So i started as soon as we got to support with no hesitation saying i know this can be a support, so i start long and you'll see there was enough people in the market to try to test this support where, if you were first in it bounce And you can make a little money and if it came down no harm, no foul, there goes snoa just dropped again. I think you could be seeing a target down towards 9 50 or so it's been a while, since i've done my analysis on that. So my levels might be different, but nonetheless i think you're, probably just going to want to remain uh bearish on snoa, for the remainder of the day. How come no music um? Some people said to get music.
Some have said not to get music. I've just never used music, so i guess i just never really put it on do. I think snoa will bounce at 980 um. Let's take a look.
980. 980. So, oh there we go so yeah, soa! Sorry, snoa 986 was a potential bounce level. Like i said, i haven't done my analysis in a bit on it, so i know it's probably some of the levels changed um, but i still think that overall sno is going to go down and it's trying to get down towards like the 970s for right now, Myself, so i think these two red lines i have on my chart is the desired move for the market right now on snoa, and then i think we're going to try to base around the price of 980 to 970 for a bit and then later in the Day, if we can get through that price point, that's where we're going to have a big fading move.
So i think overall trend is going to be down if you do a price action trend through the middle of all of this, which would be like right there. I think yeah, it would be something like that. You will see that we are on you'll, see which side of the trend run right over back under bounce two through down. So, there's a little bit more in this move to the downside, i believe, and then we're gon na start grinding to the side back towards this trend, so um, again price targets down for me, snoa we're into those two red lines we're almost there. It goes pretty much there uh just a few pennies off 9.93. The start of it is at 986, so so far we're off by 7 cents. There goes the nasdaq trying to bounce back up and reclaim that 361.85 price, so uh yeah. I had a short position on snoa.
There was no shares of short. You had to grab them from pre-market, so i had some shares of shortness and away so um. This is a level where i just covered some. I pretty much covered the short because i'm anticipating this was the downside target for the short play right now and then the market's going to try to hold here and bounce a little bit.
So that's what i was thinking only have on 100 shares on that short. So if i'm wrong and it snaps through - but i was expecting, this is going to be the area where this slows down all right. So if you look at the screen on the right, you have the nasdaq um. Sorry, you of the nasdaq still trying to get back up and reclaim that price of 361.
so kind of watching that right now. What's so wow you uh, you know what i'm sorry. I never really covered ocg. Let me do that really quickly.
All right, ocgn uh down target, can be down to 649. 6 49 to 6 30. ensc wow good move halted, halton on the scanner on the scanner, folks on the scanner, so uh for the 180 of you guys, if you wouldn't mind just going over that, like Button snuggling up giving a good old, rubber, magoo uh i'd appreciate that all right, i'm going to pop on the uh here, man this. You know i looked at this earlier and i'm like, i just didn't, know what to make of it and i still don't because it's such a big drop, it's just a counter trend upswing.
Well, i mean it did get to there. I think it's going to pull back when it start when, after the halt, i think we're going to be seeing a pullback on ensc down back to prices of 437 to potentially 421. So right now, ensc broke through resistance, which was from 420 to about 4 35. So 437, sorry, oh 420 to 437 was a resistant zone which i should just bring it up on the chart.
So you guys can see it. That would make sense right, conor, yeah and when i say a resistance zone, it was just half deviation. So nothing too strong, so anyways this was sort of the resistance zone. You can see we broke through it and upside.
I feel like this is going to give you a pullback down to re-test, 437 and or 420 um yeah. Now we're a little over the intraday trend, so i don't think it's going to continue running extremely hard in the immediate. The max target, i think i would have for ensc on the day right now - would be 655 to 678, which is all the way up there, which means very unlikely. It would go up there right now, most likely pull back and then maybe try to do that. At some point later in the day, so nonetheless i do think after this halt, you will see a pull back down into the zones of 436 to 420 on ensc right now it at the open is going to be 470. Okay, 470 is going to be the open right now, uh christian cora. Thank you. My man, um missed expr, something cool happening.
Oh yeah, that was a good up move. Um expr is coming back and actually looking relatively bullish. Fulc looks bearish on the day, went up to a high of 26 the other day, oh yeah, so this one so fulc is actually holding up in the overbought locations pretty well. So this is something that you might feel might be optimistically.
Bullshine can continue going, but i never try to buy and hold stocks once they get over the plus three. So for me, i wouldn't really be extremely long, biased, i feel as if it can continue up as opposed to having a big sell-off. I don't think you're going to get a dramatic sell-off on this stock very easily. I think people have been shorting it getting squeezed shorting it getting squeezed shorting it getting squeezed, and i just don't see this one coming down very easily for traders.
Ensc is gon na be opening up at the price of four dollars and eighty cents right now. Oh and it's easy to borrow hmm, which means it's going to be kind of be harder to hmm. Well, i'm going to do a small short trade on ensc, i'm just going to put out a limit order, uh at probably like 479 or so well. Now it's at four yeah yeah.
I got a limit order out at 480. To short it i might need to do lower than that, because we'll see if it gets filled now, if they open it up right at 480 and i'm not going to really get filled if it goes down. So i'm going to do one for 479., so put out a limit order, um at 479 for a short just anticipating that, once it opens it's gon na swing down, and it's not a big enough position to the point where it's gon na destroy me or anything Like that, i'm just would be extremely surprised to see this run all the way to 680 right now, just wouldn't yeah. If you look at the stock snoa, not that anything crazy is happening, but you will see that the market has started to bottom and sustain, as you can see right in between those two red lines.
So that is why we, i covered my position on the bare side, as we got into that zone, knowing that it could either bounce pretty good, take back some of the gain or just be dumb and hold sideways and be boring. So there's not going to be another big drop on the market here with snoa until we clear through this zone, which might not happen until later in the day and or through after hours trading. You do not get notifications that we are online uh igor. My recommendation would be to um try taking the notification off also like hitting the notification bell, re unnotifying yourself and then re, adding the notification um when you say maximum pain for options. What do you mean by that? And let me just go ahead and i'm going to bring up uh my platform here really quickly and then look at the options chain. That's really annoying! Why is it like that? So that is so stupid, anyways um so have a small. So that's you can see. I mean they gave me the fill there on ensc but anyways so again, currently bearish on ensc as it opened up, and i was wondering if we would get some sort of pullback brings it back down.
If not like. I said we could be going all the way to that 660s right. There goes snoa through those prices that we talked about not too long ago. How do you know the shares are easy to borrow generally, your broker has some sort of area or location on the platform in which they'll tell you that shares are easy to borrow or not so something that the market might be doing here is holding and sustaining The price of ensc up in this area, giving the plus 4 deviation time to catch up that could be something they're doing: anyways uh there we go starting to retrace down gigantic gap to fill and they're just still magically holding it up.
It's kind of funny see: okay, you see how this is starting to creep up, see how they're holding the price here and it's slowly letting the purple line catch up so essentially they're holding the price up here and allowing support to catch up to the market on Ensc right now, that's what i figured they were trying to do all right covering that short there on ensc as we come down and all out of that could go a little bit more, but i think they're going to make it a pain in the ass uh. Yeah i swing trade and day trade and do a little bit of everything in long-term, investing uh. You guys will see a lot more of just long-term holding and account building on this channel here. Very soon too, am i swinging baba? No, i'm not swinging baba.
What do i think about qqq um? I think it's probably going up right now, yep, so you see what happened. You see how he came down to that red line. We dip below it. Then we got back through it.
A lot of volume, so uh missed a great, buy opportunity right in there as the market swung up, but nonetheless, so you can see. The analysis was right, but today is an example where it didn't hold our price point exactly to a t. So we end up pulling back down just below that level. Uh and then reclaiming it.
So bullish on the market is, is what that is um. Now i did get long the markets today today i bought um. I bought this etf. I bought the vanguard.
If you want to call it foreign markets, etf um, i bought um, i think about s c, h, f or way. I have to double check. Did i buy this or the other one, but anyways i might have bought some of this too. I think i bought some schf um i bought did i buy vti.
I don't think i bought vti um sch b, so i am getting along the markets on a few etfs in the weibull platform, so um yeah, basically dip buying into this market. How do you find potential stocks for swing trade um? You can build scanners that, basically i mean really all it comes down to is scanning for something that you feel is correct in the market. So looking for stocks that are oversold is one way to do it. Just following stocks on a day-to-day basis and just getting used to their characteristics and knowing when it's good to buy and when it's good to sell, is another way to find stocks of swing trade. Another way people do. It is tracking the options market. Looking for unusual options, activity to give them some sort of idea that the market's going to move one way or the other and then try to hop on that train. But i would say the most common ways of doing it are using scanners to find things that are overbought oversold using your own eyes to figure out when something is in a legitimate bull flag, bear flag, etc, etc.
Finding when things are overbought oversold and then using the options market for um unusual options, activity, probably some of the most common approaches? No, no. We don't do that. Mr ed um, so yeah z, um. That would be the recommendation.
I'll probably make some videos here in the future more on it. I don't have as many videos out there regarding swing trading, but i'll probably make some in the future here about it. So um e n, or not e or yeah, no e n s c, is managing to hold up, which is good because then it means we have more opportunities. If it were, if it had already crashed and dropped, then we'd probably be done with it.
But the fact that it's holding up that's good, like i said this thing - has a potential target all the way to 650 to 7.. I really hate trying to trade momentum, penny stocks when they're over plus three and plus four. Sometimes they work. Sometimes they don't.
But it's just super high risk, so you know i want to see this go higher because then it would create probably another good short opportunity. I just can't be the one to risk putting money on the line trying to get it to go to 650. After we're already over the plus three, i just don't i'm not confident enough that it's gon na do that. Yet for me to put money on it at that price um, you know i got ta run because it is eleven o'clock.
I got some other things to do today, so kind of uh. It was annoying the stream didn't work super well today, but that's okay, we'll be back online uh tomorrow morning, of course got ta check. One more thing. Before i go figures so yeah i will catch.
Everybody back bright and early tomorrow morning. All i ask you to thumbs up on the stream before you head out the door. Uh share the video with a friend or family or somebody you know that likes to invest in trade. That way we can get our channel uh continuously growing and other than that. That's all we ask. I appreciate you guys so much. I will catch everybody back to.