Okay folks, three things: Number one, the hot squeeze stocks that you need to get ready for heading into this week, number two, one high conviction play that has a big cattle is coming this week, and lastly, number three, a broader market risk that is becoming a reality this week that you're going to want to know about. And the only thing that I ask before we get into it is that you hit that ravishing like button and also don't forget to subscribe either. Okay, let's go ahead and start with the short squeezer. So on Friday we had pretty much all of the main tailwinds in our favor, which is what lifted and induced euphoria in a lot of our high short interest plays specifically our Sprt play, our neuroplay, and our Bb Ig play.

And they certainly could end up being plays on tomorrow morning's briefing as well. But let me talk predictions. Our lovely Sprt play has gone from 8 to just under 60 in a very short time horizon. But of course, what goes up must come down.

and it got cut in half again towards the end of Friday's trading. In terms of short interest, estimates range from 50 all the way up to 75 according to Ortex. Short sellers pretty much everywhere are getting very, very aggressive. But what still makes Sprt special is its upcoming merger vote.

You go to their Sec page and then over to their Def. M14a filing page. Two shows a merger proposal with Green Nidge Generation and a vote to be held on September 10th, which for the non-calendar savvy amongst you is next Tuesday. What is Green Edge? Well, Green Edge is essentially a clean Energy cryptocurrency miner, which of course, in and of itself, is another hype sector right now.

Interestingly enough, the company claims to have a similar or better hash rate aka production rate as compared to Riot and Marathon. Its Cost of Power claims to be better, all while being again a cleaner energy miner. But of course, as a short squeeze player, we're not really that concerned with the fundamentals of this play. What we are really asking is does this have the ability to get enough hype in order to induce a Squeezy Mc Squeezy? or at least another run.

But the second part, which is kind of interesting here if you read the document, is that support has agreed not to issue more shares aka no offerings aka the chance of dilution is substantially lower than if this wasn't here in the class. Also true that borrowing costs have gone through the roof, making it very, very difficult for short sellers to actually go and give more short attacks here. Not that they always legitimately borrow, but you know, so in totality you have insanely high short interest, you have a ton of momentum. And lastly, you have a huge catalyst coming on September 10th.

Those are the good things. What are the bad things? Well, the bad things are. We already had a massive massive rally. I went from 8 to 59 something.

My take is that what we saw the last week wasn't really a squeeze, so much as it was a retail Fomo rally. If Sprt runs tomorrow in the pre-market and continues its euphoria, fine, let it run. Honestly, I don't think it's a great idea to chase at these levels. You've already done a very, very good job with this play.

over the last couple of weeks. It gets closer to 15 10 bucks and then you see some running up towards that merger vote. That's when the risk for Short Squeeze 2.0 the sequel starts making a little bit more sense. Hey, I get it folks.

If tomorrow is a huge risk on day and now the euphoria trades are coming back, this is going to go to like 70 or 80 in the morning even. But if that rotation doesn't happen another day, then it's going to go back down and cool off. But you still have that catalyst on the 10th. So I say it's about balancing your probabilities.

You don't want to just go go home into anything that has potential to run, because a lot of the time they don't. Okay, next Bbig. So context. We briefed on Bbig on Friday morning as a short squeeze inflow play.

It ended up catching fire doubled and it did also run into the after hours, which is fairly unusual. Squeeze stocks are a lot higher risk and very, very less likely to run as people tend to sell off before the weekend because they're like, well, it's a very, very risky play to be holding over the weekend. What if it gaps down on Monday? So seeing that is really suggestive that a lot of people think the momentum is going to continue. But here's what I think: when you're giving predictions on a short squeeze stock, you're trying to tie something logical short interest, momentum volume with something that's based on crowd psychology, whether the crowd is going to continue to fomo, buy, whether that's going to be enough to induce short sellers, where exactly their risk pain points are that's going to force them to cover sooner, and of course, the stocks ability to handle dips.

And in order to tie in the logical part of this with the crowd psychology part, you have to have a conditional prediction if it runs in the pre-market and you're already in this, or you're trying to scalp some moves. Great, play it. But when it strongly breaks our red directional Sma line, which it held so beautifully on Friday, that's an opportunity. That's the real opportunity to lock in profits and prepare for subsequent rallies.

once it makes another rebound attempt. A lot of people say, oh my god, Charlie, the red directional Sma line that doesn't predict anything. It's literally just a average of the candles on the chart. Hey yeah, but it gives you a vicinity of when to buy and when to sell, so that if it breaks above an average or below an average, you're like, okay, Well, this means I got to do something.

This is enough for me to say hey, it's time to make a different change. The lines on the damn freeway don't predict where your car is going to go. Your car can go anywhere. You can go left, right, it can go sideways, but still, you keep it between the lines because that's the safest option.

I'm suggesting the same thing. I think that if you think bigger picture here, the chance of an eventual rebound attempt after it breaks into a downward direction is very, very high. Retail traders on forums are talking about this like crazy and it's shown substantial proof of concept about six times in the past. pushed as high as Nine Four before.

Does that mean it's gonna push there again? Hey, who knows. but it's certainly gonna try. Okay next. So neuro.

So on Friday morning 30 minutes prior to market open, I said price action comes in 30 minute waves. I would pay close attention to make sure you aren't fighting against direction during periods it breaks below red directional sma or volume falls down throughout the rest of the day. It did indeed come in waves with two brakes below said redirectional Sma line. Now for a trader with a plan, this is a dream.

There's a lot of opportunities to play off inefficiencies. Brakes, blow, direction, bind back in when you get into an upper direction and scalping moves back and forth. But for a yolo trader, this is a nightmare because it went down during parts of the day and every single time it goes down, you sell and every single time it goes back up to a new high you buy. My take is, be a real trader, don't be a yolo trader.

Remember last time neuro went up, it went up to 40 and it went down almost as fast. So logic says, hey, this is likely to go down just as fast again. So why not play the runs instead of letting the runs play you? So predictions for next week: Where is it going next week? Well, this one simply doesn't have the same retail cult following as the other stocks, a bit more institutionally traded and motivated. It's more of a war stock between big funds than it is between retail and a fund, which means that its performance is going to be based largely on whether we get more market wide risk taking days next week, which I would argue is fairly likely.

And of course, as the situation develops with all of these squeeze stocks, we'll keep you posted in the morning briefings, and we'll continue to reflect on them in the after hours videos. Okay, one last thing I want to talk about before we move on: clarification on Excela. We talked a little bit about how Excella has been a dud so far on Friday basically flat since the original call out date. Now, even with Friday's rally, however, I should clarify that I still do see this as a short squeeze candidate.

Friday's short blip confirms the proof of concept that when the market goes risk on it does indeed still induce buying pressure and buying euphoria which does spread to Exella. One of the things that's a little bit tricky with short squeeze plays is that sometimes you can get two three weeks where the market's not doing any risk on trading and when that happens, it's like, well, all those plays suck but if they still show proof of concept when that market condition comes back, you're like, okay, well, hey, I still have to track that. So again, I'm disappointed in Excelis so far, but I do still see potential in it if we do get more risk on trading. Okay, moving on out of short squeeze plays to high conviction plays Fundamental plays companies that we like based on the company, so crowdstrike, so our crowdstrike play will be reporting earnings on Tuesday.

My long-winded price target on this has stayed 240 bucks despite its drop to 170 earlier this year, and now despite its rise to 285. the point of having a high conviction play with a price target is that you have a bearing on what you see, the actual value of the stock being fairly traded at. That way, when it goes into dysphoria or euphoria, you know exactly where you stand. Right now, it's in the euphoria stage, but on Tuesday it's going to have an opportunity to receive either an upgrade of Price Target or a downgrade based on what they're reporting.

I am optimistic I am expecting to upgrade them based on how the other players in the industry are doing, but still, we're waiting and seeing, and I doubt that I'm going to be able to upgrade it higher than the current trading price. That's okay, the whole point of having a Price Target is to not deal with the Bs that's associated with euphoria or dysphoria, right? Okay, Lastly, one of the looming threats this week that you want to be aware of is this storm and its economic complications. Hurricane Ida is coming in on the 16th anniversary of Katrina and you have oil firms slashing output by 91 ahead of it. You have an Opec meeting on Wednesday.

Of course, oil production dropping decreases oil supply, which of course could induce more rallying of oil which already had a massive week last week. and because oil price increases are also seen as a predictor of regular consumer price increases since as oil gets more expensive, production and transportation get more expensive. Well, it's certainly true that if oil prices get out of hand, that could start putting more focus back on those inflationary pressures and start picking up bond yields again, which then in turn could spook the rest of the market. Outside of that, this coming during a time period where consumer confidence is already declining, a time where a lot of the mainstream recovery companies are already starting to see their growth rates slow down or at least stagnate.

Well, it's certainly true that there are some massive negative catalysts coming this week. The way that I look at this market condition is this isn't really a conviction market right now. This is a traders market, one that has quick pump and dump rallies, quick confusion that results in one day the market pulling back massively and the next day the market going super risk. on two three weeks of massive, massive, massive rallies and everything, and then two, three weeks of stagnation and depression.

This on one hand, is a wait and see market and also a buy everything very quickly and sell out of everything very quickly market. My take is that if you're a short-term trader, hey exploit as much as you can because there are a lot of opportunities right now. And for high conviction traders, I think it's a great time to snap up some good deals, be patient, and then wake up in 2022.. Anyways, folks that caps off the video, let me know what you think about this market condition below.

If you have any questions, feel free to reach out to us on Zip Trader Circle or tweet me at Zip Charlie if you'd like to learn how to trade. With our step-by-step lessons, our private chat, and of course our daily morning briefings where we brief on all the latest catalysts that we see each and every market open morning, Well, I'll go ahead and put the link to Zip Trader you below. Fudstopper50 will get you 50 off before checkout. You just put the coupon code in the add coupon spot and you are golden.

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Anyways, folks that caps off the video and I'll see you in the next one.