[LIVE] DAY TRADING Morning Show with Ross Cameron (HOLIDAY SPECIAL)

all right everyone good morning well
it's the top of the hour 9:00 a.m. so
I'm going to start breaking down my
watch list here for the day for those
tuning in I have brought back the day
trading Morning Show for this holiday
week and uh I hope you guys enjoy it so
I'm going to just do a brief 15 minute
long broadcast give you my watch list
and talking about uh what's going on in
the market all right so this
morning uh let's look at the S&P 500
first so uh overall Market has been um
on the daily chart quite strong uh I'm
going to go full screen on this after
the CPI numbers uh a week ago we got
this uh really nice push and you know I
mean this is a 10% what's kind of
incredible is the amount of range in the
S&P 500 this is a 10% move in like two
weeks you know these are big moves it's
it's a reminder that being fully
invested in the S&P 500 is a um a little
bit of a roller coaster you know there's
the sort of traditional school of
thought of cost average investing just
keep adding and buy index funds but if
you're all in on the S&P 500
you know I mean you're you're really in
for a roller coaster
um obviously during covid the market
dropped you know nearly 50% and then
came back up it's like
40% and then we had the Steep pull back
here from uh our high of about 467 468
down to 340 so now we're coming back up
and um when you look at the chart in
this sort of big picture when we're
zoomed out you can see that we're
clearly coming up to uh this level right
up here uh which is uh
457 and if we break through that you
know naturally that's kind of the next
level however we are extended uh given
the fact that the market just went up
10% in like two weeks so likely we'll
pull back in this area and that would be
completely normal and natural we'll just
see where it you know how much it pulls
back and where it holds but the longer
we in this area you know we're going
this ascending support line back here is
going to start putting pressure on the
S&P to come back up and then that's when
you know that's what we're looking for
right as as in the bull in a bull market
and as um long bias Traders we're
looking for that kind of move so whether
that's going to happen before um you
know the end of the year I don't know um
some people are predicting that the S&P
will make new highs before the end of
the year
uh but not sure whether or not that'll
happen in any case the market is um
setting up pretty well and one thing
that I would say is uh this period here
you know this has been a tough period
for long biased Traders you know
2022 um was still pretty good for me you
know we still had quite a lot of
volatility but the volume this year has
just seemed to taper and it's been uh
it's it's been a lot slower if we look
at
iwm which is the Russell 2000 this is an
index um specifically of small cap
stocks all right so 2,000 small cap
stocks and you know you could see how
pretty much all of 20121 it was sideways
it was really strong in 2020 and into
2021 and then it slowed down Dro down
and it's been more or less flat so we
did double bot or triple bottom here uh
and we're still kind of range bound so
the thing is small cap Market is going
to tend to lag behind the large cap
Market uh and we need to see some
improvement in in the large cap market
so this morning we're seeing a little
bit of a
pullback uh you know which is not super
surprising so that's fine we're seeing a
little bit of pullback uh when it comes
to the Gap scanner here we've got a
problem our leading gapper is only
39% this is
this is a small Gap this is really not
much to work with and that's mcaf so
mcaf has a 3.1 million share float it's
got 400,000 shares of volume it's priced
at just under $10 a share uh the
relative volume is high if we look at
the daily chart on this what you'll
notice is that this is a stock that um
recently it was a spack it was a a
special acquisition company so now
you've got the drop so all investors are
in at $10 a share comes up drops down to
five investors are down 50% today it
comes back up you know this is where we
start seeing some of that chop and
realistically you know it's got to hold
it's got to hold above 12 I would say 12
1211 was this daily level here I'd like
to see it hold above that uh and right
now that's um it's certainly not it's at
975 so no interest in this one right
[Music]
now uh just looking at Big Picture daily
in the 5 minute I don't see anything
there to look at or to be uh trading
next one down
isgh agh is up
37% priced at $217 cents almost 6
million shares of volume this morning 10
million share float so this this all
looks interesting um but then we look at
the chart and what you can see on this
is that we had a Lo about
$1.70 squeezes up to three bucks but
notice that topping tail so what
happened on that topping tail right
there is the stock makes that final push
but it isn't able to hold its level let
me get the light on so I can show you my
whiteboard all
right
so let's
see
okay so what ends up happening is you
get that
squeeze
up but it rejects so what ended up
happening here was uh as it came up to
$3 it was like
329 by 288 that was the level two so 288
by 329 that's a huge spread now there's
a couple people that hit the buy button
and we got some orders at 329 maybe it
was short covering maybe it was people
buying I'm not sure but it wasn't a lot
and then it came right back down so
unfortunately what I'm noticing um in
this market is that we're seeing a lot
of these stocks are popping up they're
giving like you know one candle of
squeeze and then that's over they roll
over they don't hold up so I'm not
interested in chasing that kind of move
because well first of all even if I
wanted to get in on it let's just look
at how fast that goes before you know it
you you've already missed it
um and so by the way the the platform
that I'm using right now this is our day
trade Dash platform which you guys can
check out right here um this is a
platform if we go over to day trading
education uh and you check out the
warrior Pro and the warrior starter
Warrior Pro and Warrior starter members
have access to um this platform you guys
can also subscribe to the scanners only
if you would like to it's $197 a month
you'll get the scan banners you'll get
the charts you'll get my news feed and
these charts include um 10-second time
frames all right so on
agh what you could see happened on this
is
basically it broke through
220 and just in one candle goes straight
to 280 and then this was where you had
288 on the bid at 320 whatever on the
ask it pops up there for a second and
then it drops back back
down all right so it comes back down
comes back up for a moment but you know
basically Fades so
unfortunately for me this is now out of
play as well number one it's below vwap
so if we're above
vwap above vwap is bullish below vwap is
bearish so we're below vwap so it's
bearish and second uh it retraced more
than 50% of the move so stock makes a
big move up okay okay great but where is
it going to hold and it's pulled back
way too much so that's no good all right
uh gpac GP AK this one just came up
here
um yeah so this has a high of
78
lower priced just looking at the daily
chart for a
second so IPOs sells off all the way to
50 cents a
share gamer Pakistan announces share
repurchase program the problem is you
know not to be a uh cynic but they'll
they can announce these but it doesn't
mean that they're going to um actually
follow through with
it let's
see so here again if we look at this on
the 10-second
chart so they announced the share
repurchase program it get the stock
price gets a
boost and up you go
there
high volume on the red candles poor
volume profile it's a pretty nasty
rejection from 105 to uh 182 it's only
got about 480,000 shares of
volume so that's going to be a
that's a nogo for me in any case it's a
little bit on the cheaper side I know my
metrics quite well I know where I make
the most money and it's not on those
lower price stocks
so but now look at the five minute if
this ends up being red look at how
terrible that looks so this is called a
shooting star right so shooting star
St kind of looks like
that in when you see it in the sky if
you look up if you're not looking at
your computer screen or your phone right
so you got that big topping tail and
then that little candle
wick a little candle body so that's an
indicator of something coming back
down no
good okay so that's gpack uh um SYM
Let's see we had a couple others this
morning yeah so we did have that was a
good point um so Joseph just reminded me
which one was that was
that
um there was one earlier that was
popping up now I'm trying to remember
which one it was
um was it a&
g no I don't don't think so oh it was
REI very yeah very good thank you so
earlier REI was popping up and this one
um you know it goes from 60 cents all
the way to $140 and now it's back at 93
what was interesting about this notice
that topping tail again so REI is on uh
short sale
restriction and it starts popping up
right here so you get like basically one
big green candle is it start surging up
and then even in the middle of this
candle um starting at like 115 there
were all of a sudden we were seeing like
30 40 50,000 share sell orders big sell
orders big sell orders big sell orders
and it does squeeze up and it goes
through them those sell orders got
picked up it goes up to 30 40 more sell
orders more sellers more Sellers and I
was thinking who is selling so many
shares at this thing like you know the
news has been out for like all of a
minute and there's already sellers lined
up and so I thought all right well what
are the what are the possibilities let's
think this
through it could it be a highfrequency
trading
algorithm could be um that's possible we
don't usually see that on stocks with
really light volume that's a lot of risk
so I don't know what would be the what
how the algorithm would kind of factor
that this was worth taking you know the
risk of of selling like a 150 200,000
shares uh so that's one
possibility uh you could say it's it's
insiders who have just been sitting here
every day for the last like you know six
months waiting for a day that the stock
would pop up and within a minute they
were putting their sell orders out
that's
unlikely um well and of course if they
knew then that's you're not really
allowed to do that either
so that I don't think that's what it is
um and so I was sort of left with a
couple possibilities I mean it could be
it could be that the company is selling
shares it could be that insiders are
selling shares I mean that's that's
certainly possible um it could also be
that people are shorting against the
move and so the stock starts to squeeze
up and pretty much immediately you know
clicking to borrow the shares or it's
easy to borrow or super cheap to borrow
and you know putting out the sell order
and this was a stock that had short sale
sorry what's hello short sale
restriction SSR which means you can't
short on uh the bid you can't hit the
bid you have to put your order on the
ask and get filled on an uptick so that
also sort of correlates with all right
we're seeing big big orders on the ask
these are probably short sellers so I
think what we probably saw on this was
as soon as this popped up a lot of short
Sellers and it drops back down which
gave a short-term profit opportunity
there were people that bought into the
move not me though uh and then it goes
sideways and now it's pulled back even
more for shorts that might still have
been holding so you know I think we're
in a market right now it's a little
cooler this week and shorts are pretty
aggressive sort of adding on anything
and and as it goes higher continuing to
add and in fact today if you shorted
this anywhere and you kept adding as it
went higher you've you probably would
have been profitable let's look at
another one uh
mcf mcaf on this one well this only
popped up for a moment so if you shorted
on that pop you would have been green
gpack if you shorted on this pop you
would have been great so I think right
now we are seeing a lot of people that
are just shorting and if it goes higher
they keep adding because for the most
part it seems to be working now we did
have
um SGD last
week right so it works until it doesn't
and when it doesn't work it can be
pretty dramatic um what's going on with
this one let's see uh is this the right
yeah I keep confusing this one with a
different one but
um so
on um sdg last week or SGD
sorry you know this was one of those
ones that was pretty
cheap
and you know I I heard about some people
who were shorting it pretty heavy and
you know it's kind of the same as what
we've seen on some of these others you
know it goes up to 80 cents to a dollar
short 50,000 shares add another 50,000
shares you short 100 Grand 100,000
shares $100,000 basically and it goes up
to $140 all right pulls back a little
bit add more add more
okay now all of a sudden you're down
like
$300,000 and this thing I mean this kind
of insane but it went all the way up to
$6 a
share so you know that could have been a
$600,000 loss there on the type of
positions that I saw people taking this
morning on REI and
gpac uh so well actually uh REI and um I
forgot what the other one was gpac I I
wasn't looking at the level two very
closely on this one but in any case uh I
think what that highlights is just the
reality that adding as it goes higher
works until it doesn't and you just have
to be really good about cutting those
losses and the problem with regular
trading hours is that because of circuit
breaker halts you can get
trapped so there's no circuit breaker
halts pre-market there's no circuit
breaker halts after hours but during
regular trading hours we have those
halts and I think that that's what made
s GD do something a little bit more um
exceptional so in any case um maybe
pre-market and after hours are the
windows where that strategy is going to
work a little bit better and be a little
bit safer um in
recent weeks months we had
um there was another one I can't
remember
um I'll have to check but uh there was
one premarket that made a pretty pretty
big move but uh cdio let me
look yeah so this was interesting um the
thing on
cdio is that I I did see this yesterday
afternoon uh was very choppy around $2 a
share right
here so it it came up to two it broke on
high volume look at this volume you know
1.5 5 million shares of volume and then
it rejects comes back up rejects again
comes back up rejects again comes back
up rejects again it was like two 195 to
205 and then finally this time it breaks
but you know it could have just easily
not broken because it was just being so
difficult and then kind of into the
close you know it pops and reverses this
is just this is very very difficult to
trade I mean really this is not very
clean so yes did it make some moov yeah
it did but was it easy to trade was it
clean I don't think
so all right so this morning the the
main issue is that our leading gapper is
only 45% we don't have big gappers this
morning so um today kind of similar to
yesterday it's going to be a little bit
of a slow day uh certainly pre-market
and at the open we'll see what kind of
action we get um through the opening
range and then between you know 11 and 2
midday it might be a little slow this is
a holiday week and then going into Power
Hour and after hours you did get some
Power Hour moves on CDI so that that
might be another window so I would say
the window today is probably up until
about 10:30 11:00 a.m. for morning
momentum and then it'll be slow during
the lunch hour uh and then maybe Power
Hour all right so that's the game plan
right now uh for those uh tuning in on
YouTube thank you guys for being here
and I'll be back at it for another watch
list first thing tomorrow morning thank
you guys for uh tuning in I hope you
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and I'll see you back at it tomorrow
morning