What's going on guys welcome back to another pre-market watch list, we're gon na get ready to rock and roll in this slow market? Today there are a few stocks. I mean there's plenty of stocks, but you have adma pinterest amd. I mean basically, what we're just going to do is just throw together a couple popular stocks, a couple stocks moving with some volume and then just send you on your way again make sure you send this to your grandma and i'm sure your first grade teacher that You haven't seen in 25 years would love to know what you've been up to should make sure to tag her in this video as well or share it to her or him all right. First talk we'll talk about his adma and the reason we'll talk about this.

One is because it's a popular one, because it's up this morning, it's a pre-market mover, it's a penny stock, so the whole entire world's like come on. I want to play adma anyways, we'll walk you guys through this, this red line, that's resistance. I'll show you one year day chart, i believe. So if you go to the one year day, chart mark your one one year day, chart plus one deviation.

Point market trend line market price point go to your 180 day. Four hour chart mark a point at your plus one deviation price, and you will see that the market pretty much went to the plus one deviations and the 200 moving average and then sold off. We briefly went over the one deviation mark, but you can see how well this level reacted. Let me explain, you can see, we went up to it.

Red candle pushed over came back down, two kind of held around it. Jumped came back down. Two bounced came back. Two broke through and now we're trending down, so the market was strong enough to get over this level by a little bit, but wasn't strong enough to continue pushing it higher.

So as we got over, the resistance sellers took advantage of that and sold into the move. Getting it to go back below the one deviation price point, and now the bears are in control of the move and they are winning so for right. Now, the one or sorry, this 231 price is the resistance on adma. I probably won't trade this myself and i'm anticipating that you could see a pullback as low as about two dollars and fourteen cents and if you do see a pullback to the two dollar fourteen cents to two dollar and eight cents.

That's where your first bounce point is probably going to exist or the market will try to kind of hesitate in that zone. So for now i'm bearish adma, don't like it on the bull side, i'm expecting it's going to come lower and you might as well just mark off the potential support of 214 to 208, and that doesn't even mean you should trade it long when it gets there. But i'm anticipating that's a good chance. We could see it at those prices all right next, one on the list that we'll talk about here is amd, because why not so amd is up.

This was a recommendation from just a couple days ago and earnings exploded too. So, overall swing on this trade is working very well um. We had picked price targets the other day of 88.61. This was just yesterday.

I believe we mentioned these price points so 8861 to um 87.77. That was going to be our next target on the upside for amd, and you will see that pre-market slash after hours. We ran right up to those so off earnings right. Look! What happened off earnings? Where did the move go to? It went to those price targets right, so we picked the long term trending half deviations, not that you have to know exactly what that means, but really all of the notes.

We picked long term trend lines and said this is where the price should go and sure enough. After hours, earnings went straight up into that price zone and it channeled for majority of after hours, and this morning pre-market it broke above we tried to run, couldn't hold the run, look where it pulled back to pull back right to that red line, and now we're Trying to go back up so on so forth, so our next target on the upside for uh um amd is going to be the price zone of 9150 to 9478. It's a little bit bigger, but wait is that right, yes, wait hold on! That is right. So our next price zone is a little bit bigger.

It's a little wider, but our next price zone that we're anticipating amd is going to get to is going to be 9144 to 95. I know that's a big price zone. To put it simply, it's more or less, i am not sure whether or not we're going to reject fully off 91 or if we're going to reject fully off 94. it'd, probably be easier to reject fully around 94.

Only because that would put you higher into resistance points, but i do believe there is going to be some sort of pullback or harsher selling that does try to occur around the 9140 before we would go to 94.50. So if we're going to go to 94.50, we should expect there's going to be a pullback at 91.50 before that happens. So, overall, that's a amd for you, guys: okay um next, one on the watch list. Uh that we can talk about is pinterest p-i-n-s pins, so pins has been holding a sort of a good base and good bottom.

Here i thought pinterest was going to go lower. I'm already in a small short position on this. I thought pinterest would go lower either pre-market or into the open. So far, it hasn't done that it's just kind of traded, sideways and up a little bit since my entry, which is fine, so i thought it would go down, but i also know where it will go to if it really goes up.

So if i'm wrong - and i could only be wrong for the beginning of the day and write later - you never know, but it looks like pinterest - is going to try to push higher with this formation you're seeing so if it's going to go into a long on The day we'll look for a long up 71 and then we would look to be bearish off of 71.. So again, if pins is going to end up going long here, we'll look for a long move to at most for right now. 71.. Then we would look to be bearish off 71..

If it gets to 71 and there's no bearish signals, then we would remain more long, biased or bullish on stock. If it gets to 71, we start to see sellers coming in and then we go short. Then we'll look to be bearish until it goes back over and does whatever and whatever so for right. Now, your target on the upside for the day.

If, for whatever reason, pins goes up, it's going to be the 71 price point, which is the long term um? Is this negative one? I think this is a negative one. Deviation, yeah so you're looking for basically a four hour tag at the negative one deviation for the bounce back up and the rejection back down and then, if, for whatever reason you know, pinterest just sells off out of the gates, then you're looking for a target down To 65 59 on the day, so again, if the market just sells down out of the gates on pins, we can look for a move to 50s area 65. 60S. If it goes up, you're going to look for a move to 71.

and then when it goes down to 65 or 66, whatever i just said, then you might look for a small little bounce or some hesitation there and those are the two price targets i have For right now, if it goes below 6560, then fantastic, i don't know whatever. Maybe it does, but i don't have that picked out as price point, i have resistance for intraday 71 and the potential target on the downswing move to 6560.. All right, that's that next one we'll talk about is neo and tesla um. So, as you guys have known, i've been kind of a cheerleader for the stock neo.

Recently yesterday i had mentioned that it still has room to run in a long and with yesterday's video. Our mention was that we did not have trending support on neo right. This move has been going up. I didn't want to buy it anymore until we had a pullback well yesterday and end of the day we have our pullback the first pullback support level that i said the stock should pull back to and we'll see.

If we can bounce, it was going to be the price of dollars and seventy cents that's actually a little bit different, because the trend has changed slightly from yesterday till today, but today we had met, or yesterday we had mentioned - that we should see a pullback soon And when we do we'll look for a move down to dollars and seventy cents or that trend now when we go look at this chart, you'll see that we fell down to it and as soon as we got to that price point for the first time, the Market started to get bought up, trying, but still failing so right now we are unsuccessfully holding our first balance point all right, so we're not gon na be looking to get long here, yet we'll remain bearish. For now. I didn't think that it was gon na go this low in yesterday's video. I said i think we can go to here.

I don't think we can go to here. Well, i might have been wrong. We might continue all the way down to the price point of which will change at market open, but for now 38 pretty much 39.. So we might in fact trend all the way down to 39 on neo.

And if we do that's going to mean, we should be looking to be more long, biased, neo around the 38 to 30, 38, 90s to 39 price point today. Now, the only reason i really think that neo could potentially go that far down is if, in the event, you see tesla continuing to have a bad day. The reason that neo really went down is because it's been on a good run needed to pull back need to breather and because tesla had a terrible day yesterday, you can see how well it's sold down. Tesla has sympathy to neonia sympathy, tesla blah blah blah there.

You go, tesla goes down, neo goes down so if, in the event, tesla continues to have a bad day today or continues trending down, then we'll most likely see neo go down. So the only way. I really think that neo is going to go all the way down to 39 is if, in the event you see, tesla have another bad day, which then drags neo, stock down, okay and then we'll look to be more long, biased for the trend. Continuation up on you all right, um also before i even say that i just want to let you guys know you know, i'm a very short most of the stuff.

We do is kind of short term um, but you should be very mindful of tesla. You know on its 20-year chart theoretically on this 20-year chart were so so really in the primary trend or the big picture on on tesla, theoretically or downtrend, or the market's trying to start trending down because we're so overbought. You can see that we went up. Came down bounce now we're starting to roll over again, so theoretically, tesla um kinda is trying to come down.

So so that's again, that's what makes me a little fearful of this is that long term. It does kind of look like we might be starting to do a downtrend here, um but anyways, so that's tesla and neo. Lastly, we'll touch on the spy and we'll touch on the nasdaq and i'll. Let you guys go uh, so i think our recommendation yesterday was that the market was going to be bearish on the nasdaq and on the spy sure enough it was.

We mentioned that this was going to be the resistance you can see the market opened up. We tagged it to basically the penny and then we sold off um. So yesterday we told you exactly where the resistance was going to be on the nasdaq and how you would come to get that resistance. Therefore, it doesn't really matter.

It sells off comes down um that was expected. Now you should probably go back to being um, not maybe not bullish, just yet um, maybe not bullish, just yet hmm yeah generally, but yeah, i'm still a little more bullish on this. I don't really have the feel that we're just going to roll over and tank or anything like that, so for now, i think you should still be more long bias on the market. Overall, i think we're just going through a slight little pullback before we continue higher in the off chance.

It just continues rolling down right. If this really is meant to go down and sell off, then you're going to see it come down to prices of about 337 or so, if it's really just meant to go through a dip, get bought up and continue higher. You probably shouldn't see it come too far or really below the price point of 338.59, so for continuation up and continued moving you'll see the market hold the nine moving average. If the market wants to continue down, be a slightly more bearish, then you're going to see the market come through, that price point and you're going to see it swing down towards 337..

All right, um, i'm not even going to touch on the spy, because they're pretty much the same for right now with that being said, ladies and gentlemen, that's all we have for you today hope you learned something new see you guys on the next video.