[LIVE] from CANADA - The DAY TRADING Morning Show 9:00 - 9:30am ET with Ross Cameron

Channel: Ross Cameron - Warrior Trading YouTube

Watch on YouTube · 2023-08-31

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AI Summary

Here's a summary of the YouTube trading video transcript in clear bullet points: **Stock Ticklers and Price Levels:** * ICCT (ICCT) - trending down, below VWAP, potential support at 17, resistance at 25 * Acer (ACER) - gap up, potential target at 42, support at 805 * S-A-T-X (SATS) - reverse split, potential target at 4 bucks, current price 69 cents * SQL (SQL) - reverse split, potential target unknown, current price 45 cents **Key Trading Strategy:** * Focus on identifying and trading the backside of a trend, as the tide is going out * Look for stocks with high volume and potential for reversal **Indicators Used:** * Volume Weighted Average Price (VWAP) * Moving Averages (MA) **Entry/Exit Rules and Suggested Trades:** * ICCT: wait for it to break over VWAP, potentially trade on the backside towards 25 * Acer: consider trading on the gap up side, potential target at 42 * SATS: potential target at 4 bucks, but current price is too low, not a good entry point * SQL: reverse split, potential target unknown, not recommended to trade **Timeframes Mentioned:** * H1 timeframe for ICCT and Acer analysis * Daily timeframe for SATS analysis **Risk Management Tips:** * Be cautious of the tide going out when trading long * Consider waiting for a reversal before entering trades * Don't enter trades during late hours or when recording a recap Note that some information, such as the exact timing of trades and specific trade amounts, was not included in this summary.

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all right well let's see it's about 9
A.M top of the hour Skies have cleared
uh the storms passed and my starlink is
performing better today
so so far at least it well it just says
request timed out but
um it I am getting some drops but but
not really not too bad so
hopefully I don't have a hard hard
disconnect like I was having
um yesterday so frequently and we can
get through this trading morning
but it is unfortunate because yesterday
was a day where there was more action
than there is right now so you know now
my internet's working but I missed uh
might have missed that little window of
opportunity
so
you know at this point
scans this morning we haven't had a high
day Momo alert since 8 16 a.m and that
one wasn't a very good one anyway so
Acer acre was moving up at 805.
icct currently is trending down it's
below volume weighted average price as
you can see here
so we you know I'm sure you saw my recap
yesterday we got this incredible move uh
up to 42 dollars a share just like a
Ultra short squeeze there but
um you know now at this point we're
we're back at 17. so
that's still a gap up I mean we are
definitely still gapping up here 42
percent but we were you know yesterday
it had a high of 644 gain on the deck
and it is obviously down over 50 off
those highs
will there be more opportunities today
on this one
uh you know at this point I think we
kind of have to say that that was the
top right that was the top right there
which means this was the front side and
this is the back side
can you trade the back side sure you
want to
but inherently The Tide is going out so
and I'm you know at the ocean right out
here so it's a perfect kind of analogy
but yeah the tide is going out which
means you know you're kind of fighting
against the the trend if you're trying
to trade to the long side when it's uh
kind of rolling back out
so
probably the there's two options for
icc-2 the first would be
if it breaks over volume weight average
price and it can hold over that low
maybe there's some little trades on the
back side for a pop back up towards uh
25. now you know of course I could be
wrong
um and you know I mean I'm wrong all the
time I suppose but
um you know I everything I say is from
educated intuition so this is what I
suspect it could be wrong though you
know this could squeeze to 25 and then
all of a sudden go to 50 or 60. but
that'd be pretty uncommon considering
this uh chart pattern so I I don't
suspect that that will happen today
maybe in a few days if we get a few days
of both Flags uh you know both flag on a
daily maybe we could break out but but
even then I think what's going to
probably happen are Traders will move on
to something else but again if this
breaks overview app we could have
something you could see it tried to
right here and look what happened
it slammed down so from 19 down a dollar
a share to 18 and then all the way to 16
uh I don't know whatever this loads so
that's a caution uh and look at the
volume one too for any of you thinking
about buying into V web let's see if it
can break and hold above it first that's
my two cents all right so that's icct
um probably gonna be no trades on that
at this point I didn't make a lot on it
I did trade it after hours I finished
the day I got a four thousand dollar
winner uh and then I restrained myself
from taking that trade at 1970 and it
goes like you know
crazy but I was recording the whole time
because I was in the middle of doing my
recap and I also was It was kind of late
I mean well you know what time was this
it was um it was uh you know six five
o'clock whatever
um you know I was kind of like
it was getting kind of late in the day
here so I was really I was like I'm
already invested in doing this recap I
really don't want to start it over and
if I start trading in the middle of a
recap I'm that's all of a sudden
probably just gonna have to re-record
the whole recap I mean and I'm just
gonna end up spending all this time just
staring at a chart or the level two and
not actually anyways so
anyways didn't trade it doesn't matter
but
um
you know I I think that our best bet is
to look for something
um fresh so okay so what do we have
that's
today s-p-i-r uh reverse split
no interest in this uh at least that's
what I suspect
um
yeah it's a H1 reverse split so nothing
on that one uh for today I don't think
a-c-e-r as I indicated before it's a
little on the cheaper side so not a lot
of interest in that one either
at this point
kind of right underneath the 200 moving
average
s-a-t-x 42 million share float 69 Cent
stock
ncnc uh this one is a
um I don't know if it's a recent spack
but it did start popping up after hours
yesterday it caught a little sympathy
squeezes from two all the way up to
three but it pulled back and sold pretty
hard between like seven and seven thirty
A.M
so unless it can get back over three
bucks it doesn't look very good right
now but the daily you know Blue Sky of
um all-time trading highs is four bucks
so if it got over four you know then you
do have something you can work with but
I'm not sure if that's gonna happen
so
hey Justin good morning
which one are you looking at
oh yeah ifbd nice yep I'm 35 cents up to
50 cents a share
certainly cheaper a lot of room for the
200 moving average but it is moving
higher
so it's about 907 it's 1007 here
and
in Canada
or this part of Canada anyways
hey Max good morning
congrats on the green day yesterday good
job for you that's terrific
throwing down some big winners
we like to see
I have a new member that just earned his
500k badge yesterday we'll see if he uh
logs in today so I can give him a
congratulations
Justin there he is
so uh two two Justin's there well
actually we got we have three Justin's
right now
um at least I can think of off the top
of my head that have uh badges so Justin
uh with 25k Justin with 500k and Justin
with 1 million we've got three Justin's
uh but very very nicely done
congratulations keep it up he's been a
member since 2020. so
um three-year member
Crossing five hundred thousand dollars
that's fantastic
Justin seems like it might be a lucky
name I don't know it could be
uh he's a small cap momentum Trader
who has uh
developed uh his
routine very similarly to mine
he tried still alongside
okay so hmm all right so ten past nine
oh yeah we should call him ramrod
yeah that's a good that's a good
nickname there you go all right so
that's that's Justin ramrod
and then
um we got J core
over there
and then
um then we've got the million dollar
Justin
I don't think we'll think of a better
name for him
all right so
um
SMX
so which one was it someone said hey
it's no it wasn't this
um someone in the comments on YouTube
last night said hey take a look at this
stock they're doing a reverse split
today
um
it was s s d x Maybe
no
that's that
wasn't spir
uh thank you by the way for those of you
guys tuning in on YouTube I hope you
hit thumbs up
SQL
doesn't seem like
um
but yeah I know this I think this was
the one uh yeah this was the chart and
what I said on this one I was like oh I
don't know
um
already has a good amount of volume
yesterday maybe people already started
to buy into it hoping it would have a
reverse blood squeeze sometimes that
throws things off
so we drove through New Brunswick and
then uh to Nova Scotia which is where we
are now
SQL yeah so the thing with SQL is that
it doesn't look like the split has taken
place is it still trading at 45 cents
but it had I don't know three million
3.5 million shares of volume yesterday
so that tells me all of a sudden the
volume spiked and it was before the
split
well there there is a um a lake nearby
called Sunnyvale
um and it's but it's not trailer park
it's uh
it's it's just like it's a lake with
kind of like a concession stand and some
swings and stuff
uh that people hang out by but
yeah I didn't I don't know
I also didn't look too too hard
SQL
um
this is the first time I've seen this
happen
[Music]
um
what was the last what was the last
quote there
all right so
what's the volume on it today 2 000
shares
that is very strange
all right so we've got a long weekend
coming up
um
in the in the states
oh there's a bunch of people going by on
bicycles
so in the states
um
for the the Labor Day long weekend so
market is closed on Monday
I'll be back on Tuesday
um of course Market's still open
tomorrow but uh just to give you a heads
up uh that the Market's closed on Monday
right I see the same okay so my charts
show 45 cents for SQL but the level two
shows 1578 by 17.97.
so looks like somebody made a
somebody made a mistake
that'd be so weird
um
yeah
you know be crazy weird is if it started
trading and it went up but you had to do
this like
um conversion of
it keeps the chart stays at the old
prices that would be insane I mean I've
never seen that before
but shoot I don't know
I showed 2 800 shares of volume on the
level two
yeah Benny it's it is a reverse split
um
that's it's a 40 to 1 reverse split
but the chart that doesn't seem to
reflect it what do you see on your side
anything
oh that's a good observation that the
level two on light speed
has four decimal spots as if it were a
penny stock
but most stocks above a dollar don't
have that
oh well that's weird so something's
happening I don't know
now it's now it's fixed
I don't know
foreign
I think that's probably a safe bet yeah
I think that probably makes sense
foreign
Bell here
foreign
T I would say yeah if it breaks and
holds over V web we've got something to
work with
foreign
foreign
um resets but
not too bad
[Music]
all right you guys well I think um the
game plan today is just gonna be watch
the scans and see what ends up moving
um did we get anything that's obvious do
we get some clean momentum I'm not sure
yesterday icct was a little choppy open
but then
really made the big move later in the
day so that could happen again or I
don't know might be a little slow
but we'll be watching scans
and uh happy to trade if we see
something that looks clean
so that's the game plan here with about
four and a half minutes the opening bell
thank you guys for tuning in for the
morning show I'll be back at it first
thing tomorrow morning of course as long
as the internet uh will support that and
uh good luck today remember there's
always to manage your wrist take it slow
practice in a simulator before you put
real money on the line and I'll see you
back here first thing tomorrow morning