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Moomoo is a professional trading app offered by Moomoo Technologies Inc. In the US, investment products and services on the moomoo app are offered through Moomoo Financial Inc., regulated by the US Securities and Exchange Commission (SEC). Moomoo Financial Inc. is a member of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC). The experiences of the influencer may not be representative of the experiences of other moomoo users. Any comments or opinions provided by the influencer are their own and not necessarily the views of Moomoo. Moomoo does not endorse any trading strategies that may be discussed or promoted here. This advertisement is for informational and educational purposes only and is not investment advice or a recommendation to engage in any investment or financial strategy. Investment and financial decisions should always be made based on your specific financial needs, objectives, goals, time horizon and risk tolerance.
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📌New to the stock market and trading? We break everything down in a short sweet and simplified way.
TIME STAMPS:
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#NotFinancialAdvice
DISCLAIMER: All of ZipTrader & ZipTrader LLC, our trades, reflections, strategies, and news coverage are based on our opinions alone and are only for entertainment purposes. These are Charlie's opinions, not investment/financial/legal advice. Past performance is not a predictor of future results. ZipTrader LLC is a Media Company and focuses on publishing media in regards to the market & market education. This is not personalized but rather general educational and informational material. Do your own due diligence and/or consult a registered financial advisor before taking any positions.
You should not take any of this information as guidance for buying or selling any type of investment or security. I am not a financial advisor and anything that I say on this YouTube channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and personal experience. An individual trader's results may not be typical and may vary from person to person. It is important to keep in mind that there are risks associated with investing in the stock market and that one can lose all of their investment. Thus, trades should not be based on the opinions of others but by your own research and due diligence.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe.
Okay folks, so we've got lots to talk about. Number one: we're going to go through line by line, the Catalysts and market events that are going to be occurring in this coming week. Then number two, we're going to go into the hottest plays and overall setups that you need to know before open tomorrow, including a specific 98 cent stock that may be ripe for an increase in the coming sessions. Okay, so let's go ahead and start with Catalyst coming this week, so earning season is effectively over.
There's not much in terms of major companies or really small caps that I care about that are reporting in the coming weeks. However, on Tuesday we have the Twitter vote on Elon Musk's offer to buy tweeter at 54.20 cents per share, a formal shareholder acceptance vote. The price currently trades at 42. so shareholders do have upside if Musk is forced to buy it for the original offer, but also that involves back and forth and of course, highly public lawsuits, which are quite frankly more damaging to Twitter than they are to Elon Musk, especially with whistleblowers and all, a lot of Twitter's practices have been revealed and they don't make Twitter look very good.
And on Tuesday the Cpr report comes out as I like to call it, the Consumer Poverty Index. At what rate is the consumer being pushed into poverty Last month? You saw that slow down. It came in at zero month over month and eight point five percent year over year, which is just atrocious, But it's at least cooling down very, very slightly right and this time it is expected to come in zeroed out again, month over month, and drop to about eight Eight Point two percent year over year. The biggest single factor that is driving bulls in this market is really that inflation narrative And the inflation is behind us.
Narrative, And most of that narrative is pinned on one thing: the slight decrease in inflationary pressures that we saw overall in the last report. So again, if this inflation report does not show a continued downtrend in overall inflationary pressures, well, that's not going to be a good thing for the market, especially because it just rallied in the last couple of days. But it is my expectation that inflationary pressures, at least for this coming report, have indeed continued to cool overall because the energy dump has continued to ripple through each line item. However, energy and overall commodity cooldowns are not guaranteed to continue through the fall, and in fact, I would be surprised if they do.
Wednesday you have the Ppi Producer Price index out, which is the other crucial data set for inflation. Markets are looking for a teensy tiny drop month over month. hopefully we get that. Thursday you have the Cfvi vote to take social media website rumble public and Friday you have triple witching day, a day of historically higher volatility because you have stock index, futures, stock index options, contracts, and stock options expiring all at the same time.
It's no quadruple which in day, but it can certainly bring higher volume. Okay, before we move on, let's go ahead and switch over to Charlie with longer hair so that we can hear a word from today's sponsor but first a word from today's sponsor, Moomoo, and the up to 13 free stocks that you will get when you sign up with our link down below. So let me ask you this question folks. Would you show up to the battlefield without the proper weapons? Oh, if I wouldn't No matter how good a warrior you are, you need the proper gear to survive and thrive, and Mumu is exactly that. A proper trading platform and broker for active traders like yourself. Mumu is a one-stop trading app that features a comprehensive stock screener, free real-time level 2 data, daily short volume, and allows you to unlock 24 7 premium news for free. One feature I'd like to highlight is their earnings calendar and hub. You can scroll through and see which stocks are reporting earnings in the coming week, and more importantly, get a rapid to the point rundown on what they've reported.
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Okay, moving on to plays. Let's start with Aprn. So several weeks ago, we presented on the Aprn squeeze setup. It was following the fifth iteration of a cycle of momentum that we've seen in the last two years.
At the same time that Shorts were covering, my thought process was, we were looking for proof of concept that the squeeze setup would actually fulfill what needs to happen in order to well actually realize a tradable squeezy Mcsqueezy. And since our video on the 24th, it has had a hero's journey that's taken it back and forth and overall allowed appreciation of 45 to highest. As of the end of last week. it's now broken past each of the previous three cycle highs and declared a higher resistance deep into the eights.
Its sell-off towards close took it to support. that was around where the previous highs had been at, which means you have very solid proof of concept in terms of momentum. Continuing, you pull up the short interest, short interest as a percentage of free float is now higher than at any point in the last year according to Ortex. Interestingly enough, when we last spoke about Mr. Blue Apron, shorts were in the process of covering, which helps start the massive rebound in prices because they have to buy back shares to cover. But since then shorts have actually decided to reverse course which is quite juicy. and short interest is around double what it was when we covered it last. it is now at 53 percent of free float and it's increased nearly 20 percent in the last week alone.
If that does not make you lick your lips, I don't know what does that. increase in short interest means that the momentum we've seen is actually even more impressive considering that all of these shorted shares were shares that were dumped onto the market multiple times. Right when you short something, it artificially inflates the supply because you have somebody that owns a stock that you just borrowed it from and you're now dumping it even though that wasn't your share to dump. You are creating artificial supply by selling shares that other entities own that just have to be bought back at some point.
So of course that has a negative impact when you're shorting it. But when you go and you actually buy back the shares, it has a positive impact. If the last short covering period from here to here sparked a more than three axing in price. Imagine what the next wave of covering will do if Apron remains a battlefield.
In the coming weeks, we have seen substantial evidence that Apron can spike massively when shorts are closing their positions profitably. Imagine how much apron can spike if they get squeezed. So what is my take? Well, the most bullish thing Apron can do heading into this week is retain above previous cycle highs and even perhaps sell off temporarily below them before redeclaring above them. We call this further proof of concept and the way that I look at Proof of Concept is it's very similar to flirting.
If you go up to somebody that you find appealing and you start flirting with them, but they show zero interest in flirting back in the slightest bit, then that means that the odds of you locking in a date with them or something else is very low. At least it's lower than somebody that does immediately flirt back, right? And it is the same thing with the stock market. If you find a setup that is very appealing, but it doesn't flirt back with you by showing any interest at all and actually moving where you want it to move, then the odds are against you and you should just back off and find another setup that is actually flirting back and showing interest. What pisses me off is a lot of traders will go and they'll look at a stock and they'll go right up to that stock and say oh, you are so cute, oh I want you and the stock will look back at them and say ew, you are disgusting Get out of my face you loser and the trader will respond by doing what, throwing thousands upon thousands of dollars at that stock and they are confused at why they've just lost all that money and why it didn't work out. There are quite frankly, many fish in the sea of the stock market. If one is not showing at least a little bit of interest, move on to one that is okay. Next, the stock of the hour. Mr.
Bbig. Now, Mr. Bbig has been a stock that has provided insane trading opportunities quite a few times over the last year plus, But overall, it's been a tough horsey in the sense that its overall downward direction has been extremely aggressive, and it's been very bar codey and Mr. Barcode mcbarcodey as of the last several trading periods, which is generally a disqualifier because it means the liquidity is on the lower side.
There's not many orders executing unless you get sort of a bar code looking chart, which is a problem for dear reasons: Number one, you could get stuck in a position that you can't sell out of, and number two, it could be more susceptible to manipulation. However, oftentimes in super small caps, they tend to barcode for long stretches of time and then all of a sudden something significant happens and volume and liquidity go up dramatically. And for the last 30 days, we've been in a situation where Bbig is attempting to regain relevancy. Starting with that mid-august pump, it's had a few other attempts at up trending, but I believe a bigger, more successful attempt is coming in the next few weeks, and there's a chance it rivals the mid-august one.
Why you look at the weekly option setup for this week, there's a pretty significant concentration in options. With strike prices at 150 and two dollars, this is a stock that is currently trading at a penny under a dollar, right? A penny or two under a dollar. To have such significant open interest at those strike prices is quite significant because these expire at the end of the coming week and require a more than 50 and 100 run respectively in order to be in the money. Why would people bet on the stock jumping that much in a week? Well, number one, because the probability of that happening has increased dramatically after this random blip in August and after the 30 to 40 rebound attempts very few times across Bbig's history have you not seen big rebound attempts in the weeks and months after a massive sudden rally, and number two because of the proof of concept it showed on Friday.
And on top of that, the market makers that printed these options will likely induce a gamma squeeze if Bbig does indeed run. This week, they sold options expecting a low likelihood of them expiring in the money. If that likelihood all of a sudden jumps up rapidly this week, they'd likely have to hedge by buying what is currently a low liquidity stock. Which means that when you're all of a sudden trying to buy something at low liquidity, it shoots up the price a lot faster and has an outsized impact on momentum, which then would probably attract more spec buyers that would then cause the price to go up even faster. Now it's my view that there is a positive setup heading into this week. If it doesn't run this week, I think the setup still looks solid going into the weeks after that, but you want to see what proof of concept. My overall thesis though is, hey, it wouldn't take much to move the stock. There's a lot of people watching it after the recent rallies trying to find and scout out the next rebound rally that takes.
And of course it has a historical pattern dating back a year plus of massive rebound spikeability. You get a massive spike and then all of a sudden you have rebound rallies and then you have a big rebound rally or a new and higher breakout. Now to conclude this particular segment, I know this is a super small cap so I have to make sure that I'm very clear that we were not bribed To talk about this. I did not receive a back rub from any company to talk about this, although my back is a little bit sore and of course we have no position moving on.
The other stocks that I am paying close attention to and ones that you likely see in our Zip Trader You daily morning briefings: Number one: Sppi, which got an Fda approval, a nod of approval in the after hours, and saw some running. Will that continue into the week? Number two: Mullin, which has seen an increase in social media interest which tends to preclude some trading opportunities, and number Three, another review for a hype rally. These are some stocks that are top on my radar heading into this week. Anyways, that caps off today's video.
Let us know. If you have a stock that you like down below, what do you think about this market? Give us a comment down below and let us know. Thank you again Moomoo for sponsoring today's video. Get your up to 13 free stocks with that link down below.
If you want to sign up with Zip Trader you I also have a link to that down below. Have a good rest of your day folks. Make sure to hit that ravishing like button and subscribe and we will see you in the next one.
Let us be grateful to the people who make us happy; they are the charming gardeners who make our souls blossom.I invested $1000 and earned $12,000 within 5 working days, trade with Mr Patrick Elvis.
Ater in early stage squeeze set up
Coverage on QNRX?.. IF it picks up volume moon time.
MULN, MULN, MULN Holding a bunch at $1.00 – crocodile tears
I plan to retire at the end of 2022 at 57 after 36 years in Telecom as a sales engineer.
Hey Charlie, please look into SAVA.
What are your thoughts on Avct and Mullen automative ?
Nice hair cut
Looking Dapper Charlie 😆
Did you buy that haircut from telling people to buy bad stocks?
Talk amc
PLEASE ANALYZE ENDOQ, FORMERLY ENDO 💪👩🚀 SEPT 21
Sick fade Charles.
What do you think about GSAT and AAPL? Been watching it with a position in GSAT for over a year patiently. Will this partnership really be it for them?
Btw- nice doo!
I still like XDSL. It has hired two people to head there EV business and, in an uptrend. Low overall float and under .03. High was .32.
I think you need a new barber
The ANC token is getting ready to take off. It has at least 5 times the potential and now it's really bottom price is only $0.14, and my short term target is $2 minimum. sir please check the chart
New and Improved! Now with the Peaky Blinders Charlie inside!
Thank you Polka dots!
At first I thought the sponsor was Rolex. Very nice Daytona.
Ravishing hair cut. Chuck. 😃
I love my Charlie with a ravishing fade.
Also, I should have taken a moment in the video to honor our Americans who passed on 9/11. Rest in peace 🇺🇸