What's going on everybody? Welcome to small cap recap: I am Trader Bryce Uh, no camera today so we're kind of just going to get right on into reviewing the hottest movers on the market. especially this week. Pardon me. We've had quite the interesting week in the market.

So first I kind of want to go over the S&P 500 the Spy just so we can see where the market's at. Uh, because truthfully, it's looking really strong here and I'll get rid of all these drawings so you can have a better look. Um, we are within $8 of an all-time high breakout. If we get that, the market will likely go bananas and it kind of already has been going bananas so something to keep an eye out for.

This could also be a fake out spot here. I Mean we did just recover from a dip down to 410 like we're up what $50 a share from there already? we're already up over 10% I Would not be surprised to see a pullback back at some point. Um, you know, maybe into that 440 level. but this is quite the recovery.

It's extremely impressive. We are going into an election year. uh, so it kind of makes sense. We generally do tend I mean if we go back even to oh well, let's just go past four years.

Um, so where are we I Mean we can see this kind. when was the last election? Was it 2020? Wow, Well, even even then, right? I mean we had this. We had this kind of crash year and then we just recover hard throughout 2019. rip up into 2020 and then obviously we have Covid so that kind of threw things off.

but we see this really strong recovery up into there. Um, and even so, just through 2012, we were kind of making new highs after or trying to. Anyways, after this crash I feel like we generally do see in the last couple election Cycles have seen big pushes into the market from there so uh, just something to keep an eye on, something to keep note of in the back back of your mind. All right with that out of the way, let's go on over to MLG Pretty crazy runner from the other day here.

um, and very very low float if we go back to this float tier. uh, 3.38 million and I'll get to what it did today because that's just absurd. But we have this really strong Gap up and actually I want to go back out to the daily chart first so we can kind of see what happened here. Um, we had Vwap from this day I think roughly six to7 it might even been up towards eight, but somewhere between six and 8 bucks.

We had our daily chart view up from this day's run and this was on a lot of volume this day. Gaps up from three up to almost $6 Almost 100% Gap up runs to 10 and then intraday gets slammed back down to four and then we get that gap down back down to three. This has not been a very sustainable runner in the past. It kind of has that pump and dump look to it.

Um where every time we Gap up it just slams to new lows Gap up slam and this time we get this Gap up and that likely let a lot of shorts being a little bit overconfident on this chart having a lot of resistance in that $6 to8 range and that will become evident on this chart from yesterday, right? So we get once again we open up, get rid of these drawings here and we kind of run into our first bit of trouble with a lot of Wicks up near six bucks. Um, yeah, here we go. A lot of stuff candles, but we also have some very important key recovery candles here too. These recovery weeks are very important.

Something that's also important to note is this opened up under Vwap yesterday, which started off right around here and those rejections generally in this market have been leading to a lot of long traps I See a lot of long biased Traders Um, trying to buy the breakout of Vwap in the morning Guys, for the most part stocks that open up under Vwap. Just a just a little tidbit of information. Try to avoid them on the long side until they prove themselves. they're just really not that reliable.

But once again, Mlgo breaks over Vwap. We get this fake dip under and then it's kind of Off to the Races with these fake Wicks from here. Once we get the clear, clean, clean and clear break, we get a massive candle here. Get this? Just really nice consolidation.

Not even much of a trap to it because it's already trapped everyone, right? We're under seven bucks. Um, but consolidating really strongly over that previous 560 high. and once we break this trend, it's kind of just Off to the Races pushing. continuing to squeeze, we get this big gap up and then just liquidation nuts.

I Don't know if they had like an ATM I didn't even look into it, but man, it was a bounous stock. I Was expecting at least a little bit more of an attempt out of this thing this morning. Um, but I mean it literally drained. it.

hit $191 1950 almost this morning. hit a low of A150. Absolutely absurd. This is done for now.

I Don't I will not try to be bouncing this stock. Everyone who got squeezed out yesterday either made their money back today or was probably too scared and then every dip buyer pardon me, every dip buyer today just got murdered. These are really tough stocks to trade, but it did at least provide some good long bias opportun yesterday and good short opportunity if you were able to catch it. Um, this week yesterday we also had sea.

This one scared me a lot. not nearly as low of float. We'll take a look at this daily chart here. Generally a little bit slower of a mover and definitely less proven of a mover.

It really only had one or two big day or days of big volume and it didn't do anything crazy right? Its first Gap up day gaps up to two bucks, dips down to 170, pops up to 250. Traded 50 million shares. Um, but it did kind of just have a nice clean push after that drains back down and then we get this big gap up out of nowhere breaking out over the previous 430 level here. and that did uh uh prove to be a very key level yesterday on that big dip that we saw out of the gates.

We'll add that so you can kind of see right where that dipped to right. it dips basically right to the previous breakout level. Um, but of that candle was real like that was a that was a real candle. Um and yeah, so we get in one candle, we get a high of day and pre-market High Break to an absolute slam through the previous near five low dips down $2 of range in one candle gets nice and tight and then breaks out above that high I Was too scared to trade it through that breakout I Don't like buying High a day breaks, especially when it already proved that it didn't respect risk level right? It did not respect.

um, this clear support that it had formed this morning. It did it twice where we get this like double bottom starting off opening here, bottom out in the 480s, bottoms out in the 480s once again and dips right under low a day just by a couple. Cents Only to recover, then break High a day by a couple cents, then slams under low a day by a dollar. It was just a lot, but it did end up running over uh, right up towards $10 So congratulations for those that hit it.

Um after that it got really annoying and just kind of every time it tried to pop it got met with another slam grind up. Slam slam down. Um not much of anything to note today. Could it be something here in the future? Maybe, but not really anything I'm going to be personally looking at we did have a really hot Market uh last week.

this week just feels a little bit slower, a little more trappy, but in a way where it's still trying to perk right. We're still trying to get these moves. Um, it just seems a little bit indecisive this week. I've definitely been taking my foot off the gas this week and I'm just kind of waiting to see what this holiday season holiday trading brings us.

Uh, alt was my trade from yesterday into today. Uh, yesterday. I took the long here at 723 on this trend break, it was a very it was right after Mlgo broke a very similar looking Trend um and I did end up downsizing I was originally risking uh 705 on this trade and once we got into the end of day here and then couldn't sustain I cut a good portion of the position here. downsized a bit because I did recognize it was probably a better multi-day mover um than anything else just given on the daily chart which I'll show you in just a second.

uh and I reduced risk down to $6 and I know that's a very wide risk um for this trade but again I wanted to give this time to actually try to work a bit so I wanted to treat this more like a swing trade after really kind of considering the daily chart a bit. I did end up selling uh right up here uh in the 833 level on this first big morning push after a green to Red I was originally planning on buying this back if we could hold around 750 uh on a dip and that dip just kept falling. We made a new low a day by the end of the day and unfortunately I think this stock is probably done for the time being. Uh and here's kind of the thesis on this trade.

We have this big gap up a few days ago. December 1st we Gap up from up to six drain back down to 350 and then on very low volume we Wick um likely trapping more shorts. Who realized okay, this is feeling pretty weak. It did have a slight Gap up and then yes or not Yesterday two days ago, um, on pretty low volume it ends up closing near that high.

There forms a really nice multi-day Trend We get this: Gap up into the breakout level I Just suspected there were likely a lot of shorts trapped from this day where 101 million shares were traded and once again we zoom out a bit here. this is just proven to be overtime to be a pretty good multi-day runner. um, more than it is really an intraday Runner with runs back down in here here here and here uh being very effective so that was a big reason for the sizing down. but I also recognized we do have a pretty big gap fill lot of resistance at 8:30 and so that plan again was to kind of see how it reacted and I'm glad I did that uh and ended up taking the smaller trade and gave myself some room to swing overnight.

but again I wish I could have gotten it at a lower price yesterday I Just wasn't completely convinced at the time. but that said I Still think there might be more room for this to move, especially if we can somehow break and hold over 10. Uh, we might see some extension from there s Spfd today was kind of our runner our big Runner out of the gates and nothing too special about this chart all the way around. In my opinion, we'll go out that daily real quick, just not really much going on here.

It's kind of been a gap in one day run a few times in the past and uh, yesterday or today rather was really no different. Unfortunately, once again, this gave up almost its entire Gap I Mean this closed yesterday at $2 ran up to 750. What's that? Uh250 300% almost run, closing the day up only 31% Just very unimpressive. A big lack of follow through today.

Hoping again that this is all just kind of a trap. Um, and once again, we've just a couple days ago are seeing stocks. these kind of scam stocks like wbuy that are just complete pump and dumps. Again, you haven't seen these charts probably that are this effective for Pump and dumps in a few few months.

might even be almost coming up on a year here. Um, we get this just big gap up. probably trapped a bunch of shorts through that Breakout Um, and then just got annihilated from 1430. No real bounce attempt.

Uh, these are stocks I don't even like to try to dip by these these. uh, these pump and dumps just because they really don't like to bounce. And here we are closing a low of 122 today after coming from 14. Just be careful on all of these kinds of Trades Guys, they're extremely volatile, let the market prove itself a bit and um, again this week we're coming up on the end of it.

Hopefully either tomorrow which is Friday uh so you'll probably actually be watching this as I say tomorrow so take a look and kind of see how everything is following through or really going into next week. I'm just crossing my fingers that we can get some better follow through. Anyways, guys, that's all I've got for today. Thank you so much for watching Small Cap recap! I Hope you are having a great week staying safe and just a great month.

Looking forward to some holiday trading. Let me know down in the comments below what stocks you traded this week. Um, and as always guys, there's a link down in the description. If you want to be part of Small Cap Rockets where we going through and trading live every single morning at 9:30 right at the Bell there'll be a link for that trial down in the description below.

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