What's going on everybody? Welcome to small cap recap. We're ending the year here strong and I figured we'd get a recap in just so we can kind of all check in and see how the Market's been doing the past few days and go over a couple of my favorite movers from the last couple of months. even. but there really has been almost too much to uh, really remember.

with how much has been moving in this kind of hot past couple of months, we've had a really good, um, few spurts throughout the year. You know we've had a lot of really crazy news from the bank collapse earlier in March We've had some really crazy moves because of the uh, invasion of uh, the the Middle Eastern War I guess I'll just call it that for now. but there really have been a lot of news headlines that have driven the markets and you know, I'm expecting 2024 to continue on with the crazier the world gets, the crazier the Market's probably going to get too. Um, and you know, you got to take the the bad with the good and just all we can do is try to keep being a little bit better every day and take advantage of the opportunities that arise regardless what happens.

So I'm going to stop with the gibber jabber here and we're just going to get into some of the movers from the past week that we've seen. So I'm assuming most of you recently saw Cing and we're just kind of going to break this down and see what led to such a big run. I mean this closed the day the 2 6 I believe that was they closed the 26 at roughly a dollar, two bucks, $1.98 and by the 24 hours later, it was trading at $22 a share. Massive, massive run over a th% gain, and basically the course of 24 hours.

So we start off with one big gap up Um, which is a little bit over 100% and unfortunately throughout the day this was my top one of my top watches here and just really nothing could come out out of it. Um, throughout the day we had this big push up from 350 370 up to 5, a little over five and from there we had broken our pre-market highs which is what I look for, right? It's a very important metric for me for a long bias. Trader I Really, this is a really big metric we like to look for. Here is that pre-market High break.

It just proves the fact that it can potentially get some follow through. Well, we go through the entire day not really doing too much. It didn't fade too hard, right? I Mean it held a lot of its pre-market gains, but it wasn't able to push back up towards pre-market highs. Well, until the market closes, right? and we get this little perk here through four bucks Breaking this local recent High here, Um, right at $4 and it pushes right over four and after hours, it instantly goes from four up to just about $5 This consolidation gets really clean right in here and we're right near that high day and as soon as we break it was just Off to the Races we haven't seen a really powerful well I shouldn't say we haven't seen, but they're pretty rare where we get these after hour breakouts and I think we just caught a lot of short sellers kind of sleeping right? Um, and from there I mean it was really.

there was no looking back. We had one more little consolidation area here that could have been a decent entry. this little micro consolidation up near S and from there you know we go once again. Um, from that $15 area, dip back down under 10.

A lot of range here I Wouldn't have wanted to take this entry but regardless it still worked pushing up to 22 and unfortunately from there it didn't do much. The next day we had one push and I was actually I Took this trade with pretty small size I wanted to try to build into this trade I took the dip and rip at 10:05 didn't sell by 1270 because it still wasn't even. It was barely over a one to1 risk reward. for me, it was.

well, it was actually I guess about 2 to1 at that point. but I was risking about $150 a share so I would have needed three bucks for that 2:1 and I just ended up cutting for the loss down here after we broke down. Um, it was what it was and it still hasn't really recovered well since. So it looks like it kind of blew everyone out already, but this is still definitely a worthy watch in my opinion.

I mean we're still holding over seven bucks as I'm filming this on Friday today. So uh, these are kind of stocks that you know if we're holding up uh, way above the majority of the volume traded on the day one, there's still a lot of potential opportunity. Now that said, I'd like to see this over $10 going into the new year. Um, but let's let's hop on over the next stock here Nvfy, which really just didn't didn't quite do what I wanted anything to.

Well, it's doing the same thing CG did basically, but almost worse off, it's breaking under yesterday's lows. It tried to follow along the CG Playbook here, breaking out after hours, but you know the second move never does as well as the first. Um, it's We see this a lot, where we'll see one theme of a massive runner on a day one stock and then every other stock tries to follow it. It tries to be a sympathy, and generally they just don't work out as cleanly.

That's exactly what we saw in Nvfy, Although, if you were able to get in at the end of the day when we saw this Spike that might have been a relatively predictable run thanks to CG But given the nature of how this is moving now, this probably is going to be relatively dead. Um, moving forward here. so this isn't one I'm necessarily going to watch now. I Also wanted to go over Vvos because this was one of the better.

Runners We've seen Um over the past couple of months and this is a big gap up right from under four bucks, right around four bucks. Rather, we have this big gap and we didn't quite break pre-market highs out of the gates. but what we did do is have a really clean Trend Um, almost making a little mini be flag here and as soon as we break out of that well then we end up breaking. What do we look for that pre-market High break which was at 14? What? 14 bucks more or less? Yeah, $14 As soon as we break it halts, break and halt again and we get this really clean stabilization.

Uh, price stabilization here. right up near highs. and I want to go over a very, very key candle that we saw? Okay, right here. Where are we? Right here we try to break out, we try to break out and it doesn't quite do it.

But before that, before that attempted breakout candle, we get a massive slam going right down to our uh, kind of $16 support but not quite breaking it, but still on a lot of volume breaking down underneath this 1670 support and even the 1650 support. Um, that break is a very classic short trap and as soon as we recover from that, we just do that. Consolidation once again start consolidating right near that previous Trend break. This is very, very very similar to one of the first short traps that I I saw and it's one that I go back to a lot.

SPI If you haven't looked at that chart before, go back and look at it and study it. This is very, very similar to what SPI did and it had a very similar result. although SPI I would argue one a bit further. Um, that consolidation was up at like eight bucks and then it went to 50.

but it's still that same exact short trap breaks under the support and instantly reclaims and instantly not only does it reclaim, but reclaims right to that Trend break level and as soon as we broke, that was Off to the Races. Once again, you had about a $2 risk there. Um, risking about two bucks a share and it ran well. Basically 20 bucks a share, over 20 bucks a share? 30 $30 a share.

Really just insane risk reward because of where this was consolidating at. And that's a very key thing to note. this was consolidating very high over pre-market highs about $2 over pre-market highs and it already proved its range up to 20 bucks and it's holding 16 to 20 very well. Very flat.

Um, in a very long consolidation, the longer it consolidates the better and this is something we always need to be looking out for. Uh, again, this was a mover from a couple of months ago now I mean this was back in? um well November it was end of November it was about a month ago, but still a really clean mover and a great one to study. Speaking of really big Runners we also had vs. this was a big monstrous Runner as well, although not as much follow through I mean it fades off really hard by the end of the day, but regardless, it still has everything we look for, right? We're looking for that pre-market High break.

and more importantly, we're just looking for this really clean consolidation. Once again, we have some nice Trend breaks here and while it wasn't necessarily like I said the best mover um, out of any of them here, there were still a lot of opportunities whether you're looking for that dip and rip opportunity. um, or if you were a short seller. I actually saw a lot of short sellers crush this now I Would have been a little bit scared, but I mean it literally faded from 21 back down to 4 by the end of the day.

And this is also to show I wanted to put this in here to show that well and this by the way before I get too far hi of myself, this is a reverse split. so when this did move, it was like under a dollar. So it wasn't actually at four but now adjusted for the split. It looks like it went about $20 down to four and it actually just split here today.

But this is to show that just because some runners go crazy does not mean that they're going to pull a C. They're going to pull an Nvfy or even Nvo or a Vvos, right? Um, follow through is very important and it's why I don't like to be overly aggressive on everything. It's a great example of why you should be taking profits regardless of how attached to the setup you are. Uh, because they don't all hold up and you know, even here.

While this was a nice move from basically this 1450 Trend break up to 20 21 almost. the risk reward still, you know wasn't insane. This was only about a 2 to1 risk reward trade if you took it at the trend break spot here. and before that the only other entry I really liked on it was for the dip and rep.

but it was so far under pre-market highs that for me it wasn't really an easy trade. but I did see a lot of Traders crushing this still. Um, they don't need to fit my playbook to be a great trade potential. Uh, now let's move on over to Sntg, which we're seeing literally today.

I Wanted to put this in here and I don't know where it's going to end, but we gapped up from A183 and have so far hit 850. This is a crazy mover. a great mover. Broke our pre-market highs and on top of that, it had a lot of great Trend breaks even before that.

I Would have been a little nervous to take this one down here just because again, we're so far under pre-market Highs but you're seeing this mini Trend break here at high of day relative to um, relative to well, what it opened at which is pretty low down at two. We end up coming up to three having a little Trend break near high of day and then we get this Halt and from there that halt broke pre-market highs which then gives us a lot more confirmation and we have a couple more Trend breaks here which were really fantastic and even down here we had a little mini micro wedge Again, we're seeing these over and over. I'll be looking for another one, um, kind of coming up here. However, we did kind of have this consolidation here once again at high of day, but this one finally broke down but we're still up 300% We're still up drastically over Vwap, right? We have a lot of room to move still.

U So this is what I'll be looking at for the rest of the day today. Now whenever you see this, you'll get to kind of see what we're looking at here. but I'll be looking for more Trend breaks and ideally a hold over $5 if we break under five bucks. I won't be as set on the idea of continuation here, but we're still very well over pre-market highs.

We still have a lot of opportunity and again, we're very far over Vop. So we're looking for these stocks that hold over premarket highs going into 2024. It's going to be one of the key factors that I look for in these trades or stocks that are holding over their pre-market highs and forming really nice consolidation. Um, now I Know there have been plenty of other Runners throughout 2023 and there's you know, there's been a lot that I'm going to miss I even thinking of one right now P which is a crazy runner from just a couple of weeks ago, but they all have the same exact key factor cuz they have to, right? It's not really rocket science.

The best trades break over pre-market highs. Why? Because the ones that run crazy need to break over pre-market highs, right? We if if a stock now there are going to be some stocks like CG which go to 22 in pre-market and it's going to be a lot harder to break out, but for the ones that are just relatively average gappers like SNT for example, which even that was a pretty big push in pre-market In order to keep running, they have to break out over it, so it's just kind of it's it's easy math here, we want to wait for that and then we're looking for consolidation. We're looking for the hold over pre-market highs and we're looking for one consolidation spot to really get an entry in which S&G offered two of them offered two great ones here. So that's what I'm going to continue to look for going into 2024.

Um, I'm excited to see what kind of themes we we see in the market. Market Hopefully AI can come back. We had a really nice AI theme in the beginning of this year, which was, well, a really, really nice, really nice theme for a little bit, but then it ended up dying off and I'm still under the assumption that we're going to get another run in that in that sector, but we'll see there's there could be plenty of new sectors that come up. um, with all this crazy news that we see.

so it's just going to be about waiting to see what that sector is and attacking accordingly. I'm hoping we have a hot January and February which it looks like we're setting up for one. So I hope you guys all crush it going into the new year. I'm really excited to, uh, continue trading going into the new year here too.

And guys, for those of you that are not in Small Cap Rockets yet there is a link down in the trial uh, a trial link down in the description I should say we're trading every day trading live. Um, and you'll kind of be getting to watch my exact thought process and learning from all the webinars that I have available. So thank you all for joining today's Small Cap Rockets Small Cap recap and I hope that you all have had a fantastic year. 2023 has been great I became a millionaire in the stock market this year and I'm really excited to see what 2024 can do moving forward.

All right Everyone much love that link is down in the description below. Thank you all for watching today and I'll see you next year. hope it's a good one. Bye I Hope you guys enjoyed this video and thank you so much for being a part of the stocks to trade family.

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