What's going on guys good morning, welcome back to another pre-market stream apologize for not being on the past couple days, as i mentioned, i was gon na be out of town and of course we had a long weekend due to fourth of july. So there's that so obviously we're gon na get rocking and rolling here in just a second got: ta wait for some more people to get into the stream, but um yeah, not not really looking at the market today and getting very excited no butterflies in the stomach. This morning, but there have been some pretty cool uh movers this morning so far, so we'll go ahead and just kind of touch on first one of the biggest movers, which is wb news was announced this morning on the stock wb that the ceo was in talks With other investors, who take the company private, potentially valued at 90 to 100, a share. The stock ended up breaking up all the way to about 82 dollars this morning, but overall, this stock pumps this morning, wb on the news, the stock or the company, is going to go private about 900, a share who's up to 81 bucks.

So this is gon na be the first stock that a lot of people are probably going to watch for some trading activity day and some momentum good afternoon from the uk matt happy to see you here. Thank you, james baba, maybe we'll take a look of course. We'll touch on amc, if you guys would like and a few others um one. Second, let me just put this full screen here.

Okay, all right, so we went over wb, which you know. Ultimately, this is something you're just going to have to play off the intraday chart levels, because the price is all the way up here at like towards this blue and purple line, so stock's extremely overbought. This is something you have to be careful with and just watch it on. Intraday levels chart patterns, one minutes and five minute chart setups, because the stock's so overbought we're not really looking to trade through long term resistance levels anymore, it's more or less trading, intraday setups that hopefully play out.

So this is going to be more of an intraday sort of trader for us, rather than looking at long term charts for this today. What's going on good morning good morning, good morning, all right, let's pop on over to neo the reason we're going to talk about neo is because it's been a really big move over the past month or so um, and i know people probably have some questions on It so our atmos price target for neo from this move. When we started moving in this bottom, our atmos target was 53, the price ended up reaching 55 and then we sold off so again back when the price of neo was down here. We would recommend price targets of 45 to 53, we hit 45.

We consolidated, we broke the resistance around 45 squeezed out to the next one, which was at 53, we pushed through by two dollars and then we pulled back so again. The reason we're pulling back around 53 is, if you go, look at the daily chart time frame on neo. You will see the market has regressed all the way to the mean and now we're pulling back. So i expect we're going to see some sluggish trading to more downside movement from neo, so we'll probably be a little bit more bearish to stock neo going into the day um.

Yes, we could take a look at bngo, so, yes, bng0 was some. It's still a stock that you know, we've been following along and recommending on the long side um. You know we did mention, it could probably take a while um and it did give out that bottom that kind of sucks but uh. So last we had touched on bngo, so the last time we talked on bngo.

We had said that this was going to be the bottom and then this was going to be the resistance of this long move and it depended on whether or not we could hold the pullback here and we could suggest higher in the immediate. So we broke kind of the halfway mark sold down, which means really nothing for now yeah. We don't have a ton of support for the time being. So this is something where you just kind of sit back and you wait for bngo um to trade out a little bit more either we base out and the market reclaims resistance, or we continue to continue trading sideways and or downwards until we reach this price level.

So either b and g, o cells down to 560 bounces trades sideways the trend, catches up and then support we become on or we just base out and run back to resist, and so another way of saying this is for the time being. The long target is no more than 7.51 on bngo and oh, i didn't see that one so yeah. The current long zone is no more than 729 to 750. Currently on bngo.

They also got some news this morning, so that might also help prop and hold the stock up for you, t-a-l yeah. We can take a look at that really quickly, hmm. So what do we do here, um, so tal yeah? I think last time we touched on this, we said that it was a downtrending stock. There might have been a counter trend long, but overall we would probably just avoid tal.

I think was it so right now you still have tal going down. You will get a counter trend bounce on tal when the price gets to about 1850 to 19 you'll start to see some people buying into it and you'll get a counter trend. Dip buy, whoo, okay, uh. Next one list is yeah.

We could look at ccxi really quickly, let's see what's up with that, so a little pop here, maybe that just happened, oh damn! Well, that would have been a fun stock to short, so yeah ccxi pops up then pulls down. But for what reasons i am unaware. Don't know didn't even really i mean he got close, got a gap, phil still what's the news, so it did get some news this morning stock just got overbought i mean i would have been bearish when it was up here now, i'm not as bearish, and i Don't really want to be long, biased. This thing you probably just want to watch and wait for it to set up into some sort of formation pattern until it confuses people, because you're in the volatility stretch, so you went up you pulled back and now you're going to shrink typically is what's going to Happen so for now ccxi i don't really see a trade that i would try to take part in myself.

I don't think so that one for me is going to be on standby, s-u-n-w, so s-u-n-w uh, oh, that is yeah, so still long, biased su and w. We've pulled back once again, so, ideally we're still doing the same thing. We've been doing right, we broke up pulled back when pulled back. Also sunw has been lagging blnk, it's been lagging plug power, etc, etc.

If you look at bl and k and if you look at plug power, they've pretty much got back to the regression trend. So, for the time being, some of the leaders within that market have already gotten to where they should have gotten to and now they're seeing resistance and selling pressure where they should, which is trickling over into su and w. So ideally, the way i see, maybe this whole sort of thing forming up and playing out, is uh, bl and k or plug power continuing to trend higher, which is then going to trickle su and w up. So what i think might have to happen is plug.

Power is going to have to get up and break through its regression trend and if we can actually break through the regression trend on plug and or bl and k, then you're going to see su and w continuing up again to the price targets of 1415.. So, overall, again su w still long bias price targets 1415. The only way that i'd be even really really concerned is if smw is sliding and actually breaking down. One deviation at 847 to 9 bucks so for now, still long by his sumw target's 14 15..

She alrighty um so again, like i said, not really crazy about too many stocks this morning, but um. You can't actually send a message to me on our website, so unless it was our email or something like that, um yeah, so we'll take a look at mrin and vlin. So mrin for now again still hasn't crashed i mean again it went up pulled back. So let me rephrase this short squeeze momentum up.

Everybody thought it was a top again. They shorted they got squeezed again, and so this, i would think, is going to. I imagine that this stretch, you're seeing now, is going to be the last stretch and then we're actually going to top and, like start trading more bearish to the downside. Time will tell and the reason i say that is because we do have a bearish divergence starting to take place on the rsi.

It's not a full divergence. Yeah, you can't even say it's a divergence, because the market hasn't topped, but the momentum on the rsi is currently lower than its previous high from its previous top, which already currently means that there is less momentum. So really all we need is sort of one rolling over down move and then we'll complete a bearish divergence which would most likely signal more downside. So i think that we are coming to the ending phase of mrn.

I think this is the last short squeeze kind of momentum, push on the way up and then our market's going to start to see weakness. So i can't really say be long bias a stock for holding it um, maybe only day trading purposes. Um, that's pretty much! It that's it yeah, i don't it's intraday formation, you're over all the long term, resistances there's nothing long-term you're looking at everything is intraday price action and so on. I know that really didn't help you much because i'm not giving a whole bunch of supports and this and that - and the reason is because i can't there's really nothing to give you it's just a momentum play that's overbought and it's squeezing out short, so you're, just Trying to trade and ride intraday momentum with mrian blyn, on the other hand, um this one.

I am optimistically more long, biased on just because i mean well realistically it's the same setup as mrn. It went up, it pulled back, it's short squeezed, and then you know once this momentum is done, you're going to roll over. So the only thing you're really doing with blin right now is watching intraday uh price action charting and setups to make your best determination on what you should do, because if you look at the long term chart we're already overbought we're over all the levels that i Would typically use so now that we're into such an overbought environment, it just to me, goes all based off of intraday setup. I got your reloading time.

That makes sense. You know. Let me take a look at baba. There's been a couple requests for that um.

I know that baba's been down trending, so i think with baba. I don't remember with the last time we looked at bob, but we have a line here and a line here. So we probably told you that this line to this line was your long price target. So pretty much, to put it simply, the last time we looked at baba, we recommend it being a long up to this red line to this red line, but not higher than this red line.

So we got up, went through this sideline didn't quite make that one ended up selling off so um. For the time being, i would just be bearish to like neutral on um on on baba. I it's still not really really uptrending. It's still kind of in a downtrend, so i would probably just stay on the bare side for the time being, i don't think you're going to break down right now.

I just don't see that i think you're going to get a hold and you're going to trade. A little sideways for the time being, but if you're looking for some hope, you would have to get back up and over the price of two 1950 and holding above to 1950 to try to keep that move going up in the immediate. Otherwise. The market's going to move down so in the short short term, the markets are going to try to keep baba below to 1960., or let me rephrase that the bearish traders will try to keep baba below to 1960.

It will be the bulls objective to get over to 1960 and holding over to 1960. a e m d, uh aemd up trading sideways flat down uh. I am thinking nothing with that, maybe a little more down to the regression trend, so maybe down closer to prices of like 380. um xela, we had an atmos target of 3 or 212 today to 211.

So again, oh it's not even that's a lie. It's actually a little bit more than that, so our long target for x e l a today was or is at most 212 to 219.. So that's as most as we're thinking you'd see ex-ela up on the upside today. Excuse me: nokia is a swing trading stock, not a day trading stock.

Given how slow it normally moves. Um, it's trending up still pretty good like it wants to move higher. It's just a slow mover. So really the only way i'm going to play expr again or any other meme stock is if amc really starts to rip, because that's probably what's going to be needed in order to cause nokia, expr, bbby, gamestop and all the other ones to move to the upside.

As well so we'll give our analysis here on amc, so the last time we touched on amc, i think we were trading here and we were talking wait hold on. I think so i really don't remember. Let's see it would have been, maybe not. Maybe it wasn't because i thought i sold this day but anyways the last time i remember touching on amc.

We were trading up here um and ideally we were recommending it as a long up to 62. It never met 62 because the resistance held now we moved down, but nonetheless, if i were here, you know on thursday or friday and we're looking at amc. The analysis that i would have gave you on amc is that you would have been looking for a down move or a bearish move on amc that day down to these prices. So i would have said you're looking for a bearish move on amc down to 5160.

To 49.60 and those are going to be your two long levels as in the market will sell down to those levels and it's going to end up bouncing or holding one of those two levels and or just those two red levels are your dip buy zone. So the market has successfully gone down to its desired price targets. We got bought up in that zone. We have broken out of that zone, and so, if the way you would think about this is this was support so down here, um one.

Second, there we go. That's what i'm looking for so down here was uh again support, that's support, and then ideally you're going back up to wherever there is resistance, is typically how that would work and so for right. Now, resistance really isn't nearby um. Well, it kind of is, and it could change at market op.

It will change and mark it openly rephrase that so the current support of the market from the past couple days and when we're selling down was this zone. The start of resistance is right here on this line, so for me today i would not be looking for amc to go any higher than this price point of 56.20 for right now, and i'm expecting that we might. Even what i would like to see is amc. Go into a long move, squeeze out hit about 56 20 and then pull back and sell down.

Why? Because that, if it does that, then it would be doing it would be following the rules of the market pretty well, so i would like for it to be a long out of the gate pushes into 5620, and then it pulls back. That's pretty much it for the market to continue moving higher in amc. We have to get up and over 5620 okay and the reason i say that is because again, if you just look at this chart all right, we have dipped down to support, dotted line bounce back up. The resistance is that green line.

If the market can actually get through the green line and holding above the green line, then we can maybe force a short squeeze or something like that. But for right now, price target on the day at most on the upside is uh 5620, which i don't even know if it's gon na get there, because we still have to get to the nine-day moving average and also when the market opens. This line might even update and it might even be at 55, which pretty much means we're already at resistance. So i'm giving you the best possible price targets without the market being open, which means these haven't totally updated to the 100 correct pricing until market open.

So the resistance that i'm telling you at 5620 might actually be 55, but we don't know until market open uh. What's up connor amc going down again we have resistance right now, starting at 56 20. So you know our low risk. Entry for bearish action would take place on that line or wherever the resistance is going to be at market open.

So again, we'll see you'll come to find that's pretty much the way i trade right. It's like okay. If it's meant to be bearish on the day, then we're going to trade bearish down to the price targets and then, if it gets there and we want to be bullish, then we're going to buy around those price targets and try to trade to the next one. So a lot of them, a lot of the trade we do is kind of it's like market goes to a point we buy here.

We try to push it to this point and then once we're on the resistance. We try to take the resistance and push it to this point, and once we get to the support, we try to get the support and push it to this point right. So you might, as you might as well just call reversal trading, almost goldman sachs 100 percent long on a emc. So something else we've been mentioning for some time is that you might just need the amc market to trade sideways and consolidate longer, because the longer that it does that is going to give this this market time for price targets to go higher, because right now, the Upside price target is only 71 like theoretically, so if that blue line goes all the way up to 150, then we could have a price target of 150.

So that's that's kind of what i think could be taking place is just slow consolidation waiting for um the standard deviation of the market to increase, so that that way we can actually have a move without blowing the market over overbought prices. Some of you might not understand that, but annie um, so yeah we'll talk about expr a little bit. Let's run through this, so not long bias on it right now, no position on it um. So the last time we had talked on expr.

We had recommended that this was going to be your long, so pretty much uh well, when we first started talking about expr, it was when it was down here. So we recommended the breakout at this red line targeting somewhere up here, blah blah blah blah. Then it ended up selling down. We made a youtube video about it, basically saying: if the price could stay over this red line, we could force the squeeze and they made it if it did not stay over that red line and sold down.

We would sell down to these red lines around six bucks and then at six bucks is where you'd want to buy long for the dip to force the market back up. So then we go long at six force. The market back up to seven, which we recommended the market, would have to go back up above seven dollars and stay above seven dollars in order for the long bias trade to continue happening. You will see on this day the market bounces up.

We go up to a high of 758. The market then sells back down to seven opens up below seven stays below seven sell off. So, for the time being, we are not long, biased, expr, we're just kind of sitting neutral and just waiting for it to form up, one of which we think could end up bouncing off of 570 for right now, so we might be getting a move down to 570 also note: oh yeah, that's it. We might be getting a move to 570, but for now we're just kind of neutral watching expr whoo.

That was a lot there. A lot to cover uh lawrence, there's a video on my youtube channel. So if you just go back to our youtube channel, um you'll find one uh regarding the standard deviation, um, so yeah i mean we could talk about ocg unsure, like i said guys, there's not a whole lot of stocks. I'm looking at that.

I really even care to try to trade today, um so we'll see how this day plays out. I already took one bad trade on wb uh, which ended up losing about 600 bucks, but then i have a position on tesla, so i'm really down like 450 on the day. Sorry did one bad trade and everything i'm looking at is kind of like yeah. I don't have, i don't feel comfortable with them yet so i just might have to sit back and just watch until something feels right.

So uh, ocgn, atmos long target of the day is 8.93. I don't want to say at most long target, but you're not really going to go a whole lot higher on ocg, unless you were to actually oh that's wrong, the level is, or it could be two so the level is actually 904. So, unless, unless you're getting the market on ocg and back up to 904 and over 904 you're not going to really see a big breakout move, so the only thing i'd really probably be doing with ocg for right now is just being long, biased up to 9904 And then from there decide whether or not you want to be more bullish, but you can see how the market you know kind of broke up, and then this morning it gapped up to that red line and sold off. That's because the red line is true resistance.

So again to get over, you have to go over nine, oh four oc n's, probably not gon na, do a whole lot, so we're only long buys ocg and up to nine dollars and four cents. I know somebody had asked about s-e-n-s earlier. I think um. So scns uh longer-term developing pattern.

So i don't quite think it's ready to go yet, but you're, basically watching for this to consolidate sideways into a pennant sort of uh symmetrical triangle. If you may and then break out of the wedge to the upside, pretty much to put it simply, you can see that the market right now on scns is trading right on the white line. So right now the market is completely priced fairly. It's fair value over the past 365 days, 180 days market's completely normal um.

You know, and if you get a wedge pattern to form up here and break out, then you're gon na target back to four dollars and 84 cents out of the wedge pattern. So, ideally, if you're watching scns you're looking for a symmetrical triangle, form up to the side and when that breaks out your price target on the upside is going to be 4.64 for now or it's four dollars and 84 cents next week. That'll be different, just tune back in 8 30 every day. Yes, are no, not time to shorten video, sorry, but no, no so uh with wb.

You know i took a trade took a short trade targeting down to 65 went perfectly to 65, but it basically moved so fast, and the market makers kept the brett spread so big that, even with this going to my price target, i try to take off on The bit didn't give me a fail: try to take off a big there. You feel kind of cancelled by the time. I did all that market squeezed and i had to take a loss. So basically, the market did exactly what i thought it would do, but given the market environment, the volume, the trade, the spread, the market makers, i made no money, um yeah.

We could take a look at gld sure. Why not um. So the last thing that we had done with gld is we did a short trade up here and then, ideally, we recommended being long, biased gld when it got to these prices of these red lines. So basically, short bias up here long bias down here market's starting to finally break up.

We actually did a long bias. Trade lost a little bit of money on it. Basically, when we first got down here, we started dip buying for like an intraday trade. I think we lost like 50 bucks.

I ended up being pretty small, but we knew that this was a dip by zone. We just didn't know if the market was going to recover really quickly if it was going to consolidate sideways and take a lot longer, which you can see here. Gld drops down to these red little levels, which is our buy zone or it was and then you can see the market got bottom one. So, nonetheless, you should be slightly long bias, actually, probably not you're, probably not going to be long, biased, gld.

Today, it'll probably end up being a bearish move watch. Let me see so looking at gld today, you are probably going to want to be bearish going into the open yep. So i'm going to say it right now: i'm just going to go out there and put my neck on the line. Yeah you're going to want to be bearish gld going up you're, probably going to see it pull back the reason being, is you see these red lines? That's resistance, so you're right on resistance, so the market gapped up broke up a little bit ran just over the resistance.

Pull back, that's resistance. I i think gld has a slight little red pullback today, uh tesla. Yes, so we do have to cover tesla. I'm glad you said that's important, okay, so tesla um, as we all know, the recommended price targets for tesla were 700 to 724..

The price target is no longer 724 on the upside. The upside price target is now 715. You see how that works. You remember just like a little bit ago: i'm like amc, we don't know if it's really at like 55 60 or if it's good or it's at 56, 20.

If it's going to open at 55, it's because they change. So last week we told you tesla price target was 724 this week at 7 15.. We're not changing our analysis, we're just listening to what the market's telling us right. So we're not we're not changing to make a sound, more correct or better.

No, it's literally. It's only 7 15 now so um right now being long, i'm still long we're only long bias up to 7 15. At this point um! That's it if it goes through. 7 15 there's going to be a gigantic rip, but i don't think it's going to happen.

So, at most right now, 715 target tesla upside also target 700. I mean it. We already met target you're going for the last cherry on the top right. Now you that's another thing to remember: is that tesla's already made a great bullish move.

We've already met our price targets, you're just going for the cherry on top right now, so you're, basically at the end, sorry all righty, e-y-e-s sure e-y-e-s uh. It's about the bounce you're, probably gon na have a little bounce, slash little little hesitation dip by here soon. So i mean, if you're looking at eyes, it's selling down negative one deviation down here at 4, 14., so you're probably going to get a slight bounce here in a second with eys, probably nothing. I would trade though, but it'll probably stop going down in a second here: alzn uh, it's 901, so that basically means i got ta go alrighty alzn recent ipo down trending, probably other better stocks out there to watch for if you're trying to do swing trading day Trading or anything like that other than that, no nothing about the company.

That being said, ladies and gentlemen, i appreciate it. You guys tuning in i'll catch everybody on the next video next stream, which will be tomorrow morning. So with that being said, everybody take care. Have a great rest of day and keep it.