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I hope your December is going great so far last week was a tumultuous one for me for the little one she's 10 months old she's crawling around right now if you actually hear her and unfortunately I was only really able to watch the market pre market and because and get my watchlist done because she was sick three days this past week with high fever of almost a hundred and four so really my time was devoted to her family first right you know that's the whole reason why I got into it but I was definitely missing missing the market action we had OS is which was huge and that one was a big major sell-off based on muddy waters and of course and had a balance and had a nice bounce because it was oversold people then had the fear factor and it was lower flow so it just continued to run on up for Thursday and Friday we also had I believe it was a GX same thing it dropped down and then it ran up as well because it was in the oversold status bank as well on Friday with muddy waters just tweeting and boom it drops so sometimes you will see that the reaction of the market is based on news major overreaction sell-off and then the market corrects itself because it's like hey there's no reason why Oh sis lost 30 percent in one day when somebody just opened their mouth and said hey I think this is gonna happen that doesn't mean necessarily that it's going to happen it's just speculation it's sort of like a pump and dump on the reverse side and sure enough the market reacts once it gets into that oversold status just like a parabolic move to the upside where it's overbought and it will go ahead and drop down and speaking about parabolic moves and low floats you know low floats technical parabolic with demand just in the same way that Bitcoin has gone crazy last week I was talking about how it had just broken 11 I'm slowly watching it getting myself comfortable with it then it went up to almost 18,000 on pulled back and now it looks like it's more on the upswing so it goes back to the low float demand issue I was talking with my friend Kennedy and we were I was trying to explain it to them and assimilate it to something real life right so he was talking about how he used to buy almonds three years ago and they're maybe $3 a pound and now they're $8 a pound and I said well maybe it's something like what you're probably gonna see happen to the price of avocados with the fires in California that the supply when the supply is lower say all the natural disasters ahead affected almond trees well then there's less supply that's available and so the price automatically goes up same thing that will probably happen with avocados in the upcoming weeks with all the people that are unfortunately dealing with the disasters of the wildfires out in California and my heart goes out to everybody out there I've got a couple friends my sister-in-law's out in LA so I definitely feel for everyone in California that's affected by this remember your life comes first material possessions can always be replaced my little ones just coming over you start seeing a shake or something like that so definitely the same thing happens to low flip stocks also happen to Bitcoin right it runs up because there's only a limited amount and it runs up then there may be some of the people that bought it at 510 K Wow my $500 investment turned into 18,000 I'm gonna go ahead and start taking some profit so they went ahead they start taking profit it's a snowball effect so more people see it going down there's a fear factor and then all of a sudden people start selling selling selling until it reaches a point where people are comfortable to start buying again after the pullback same thing won't happen in stocks on the way up so typically you'll see it goes up pulls back up pulls back up pulls back so it's not a direct skyrocket to the moon however now that bitcoin is going crazy everybody's starting to hear about it there's definitely more demand and people are starting to get on board some people are saying Oh 500,000 by 2020 it could happen it depends on the amount of demand and also dependence on what banks will do with deregulation because there's no longer going to be a central bank of a country that's going to be able to be in control of the economics of the country and I was talking to my dad about that last week so because like the US when they put the influx of cash into try to bail out the economy they're not gonna be able to do that with bitcoins we're aetherium or litecoin so it's really going to take away the power of the country to stabilize the economy if there's cryptocurrency sorry about the baby in the background we'll go ahead and get into the watchlist for the week I also wanted to let you know once again if you guys buy my book during the month of December from me on Amazon I'm happy to inscribe it to anybody if you want to give it as a gift or just as a signed copy for you as well so definitely check that out and also the watch list that I do every morning I get it out by 9:15 it has the top 10 stocks that are in motion for that day and I have potential logs potential shorts support and resistance of where I think that they could be breaking that wrong or that short and continue to the upside or downside based on momentum same thing goes for my watch list for the week I place it my support and resistance if it's broken the momentum will continue in that direction as always I am NOT a financial professional sorry my little one is down here trying to grab my list a financial professional so please do your own due diligence these are not recommendations it's just my opinion and definitely check them out look at the stock charts news it is practice to see why I'm picking these stocks so for long for this week I have si GE stage which was a pharmaceutical company received phase two trials based on depression drug then it had two upgrades on Friday and it looks like it could continue to the upside a little bit it was forty eight point six six percent short float on Friday with thirty nine point five three million in the float a support of 165 forty two and resistance of one sixty nine sixty four next on the list is bi G big lots with a support of fifty nine twenty-five and a resistance of 60 20 flow to 40 2.9 million and on Friday it was a very high short float volume eighty seven point six seven percent of the shares traded hands or shortened that is one point five two million so watch for that to break the resistance and continue to the upside it is reaching 52-week highs and could break out that resistance zone we have vs i vitamin vitamin store with the support of three point eight and a resistance of four twenty three point five nine million in the float and it has a short volume on friday of seventy six point seven nine percent which is two hundred and forty two thousand shares that were traded so definitely watch for a break of four if you look at the chart on the five-year side you'll see that this does look like it's currently not it could be a good potential long-term swing here as well as a scalp trade for breaking about for resistance we have our d us for support of thirty one thirty and a resistance of thirty-two it has thirty six point five million in the float and a short volume of fifty five point seven five percent on Friday which is equates to one point seven seven million and that one I do think that it has the potential to run as well if it breaks at thirty two level uan a support of three point five eight and a resistance of three point eight one float of fifty six point one three million on Friday it had sixty six point two seven percent short volume on the day which was a total of eight hundred and sixty seven thousand so to me I'm looking for that short volume it's going to react within that timeframe that say uan if 867 shares trade hands on Monday and there's no direct move up or down then forget it I would move on to next potential idea but if it does start going to the upside I would see that it's going to continue to the upside until about that eight hundred and seventy thousand shares trade hands I might go ahead and put in a stop there it could start let's run up a fair amount because at that point I think okay everybody Hubbard and it has a potential of pulling back unless there's a new buyers jumping on board for shorts for the week I have a VGO with a support of 25 X TV 258 58 and the resistance of 260 127 a float of three hundred ninety eight point five three million and that one did have two down days I did have it on a potential list as well for shorts so definitely see if that continues for a momentum downward could be a potential swing short trade we have DJ Dollar General which had a big drop on Thursday and then a little bit of a bounce on Friday but could continue on downwards support of 90 to 60 and a resistance of 93 72 two hundred and seventy two point nine five million in the flow we have hqy with a sort of 4533 and resistance of 46 11 and a flow to 58 point four nine million we also have a short potential for e IX support of 7101 and resistance of 73 thirty-two and float of 352 excuse me three hundred and twenty five point two four million and sys final on the short list for the week of support of 3717 and resistance of thirty seven seventy three a foot of 780 1.98 million so definitely keep those on watch I did have my logs for a potential swing list last week of s AM OLEDs nvidia for sure you know s a.m.
up all week nvidia had a drop and then it had four updates and then o le d had a drop and major insurgents on Friday with a new contract with BOE so definitely check those out for continuation in the direction also potential swing watch list for this week of sa n m4 potential breakout we'd have DAV Dave and dave and buster's a week and SCMP so those are the three to watch for potential longs for the week and like I said gyeo and Vig would also be potentials for swings as well in my opinion as always guys you know trade properly carpe profits seize those profits one at a time the women trading event and I'm setting up in June will be coming up for registration in the next couple weeks so definitely keep your eyes peeled I will put all that information down below and will definitely share it with you on Twitter and email and everything like that if you guys ever have any questions you know how to reach out to me Twitter Facebook Instagram and YouTube as well as my email Karp a profit at gmail.com if you want to receive these videos every week and you want notification as soon as they come up please subscribe and like this off have a great week ahead and hope your holidays are great and we're getting snow up here
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