Morning,
I'm mostly sitting on my hands monitoring the markets, which feel heavy to me. Kinda thinking $190 IWM support, then small-caps heat up again.
As I get ready to make my next trade, I'm teaching SAJ strategy twice today.
![](https://lh5.googleusercontent.com/OfMHDu3UJR5uxG0dQz0srcXVDMuj_45FN_lSaym3NK39TUdNYXKjXVsHXKDmKzePLQM8dp3zaXFVjpAGQunrPwFXdAAEBpkgDahOC9gO6Ladgy1KMCFfMDNPNlcsiLd2B6zLLGRG--S59ABtvuHoT3s)
(Current win streak is no guarantee of future win streak. But that is my goal.)
→ Limited-time offer expires today.
HPCO is rocking 300%+ on a Snoop Dogg partnership. The company is low on cash and has high offering ability through this S-1 at $1.11. That's a big haircut so from a teaching perspective, be careful. The company has 3.9 months of cash left based on quarterly cash burn of -$1.07M and estimated current cash of $1.4M.
GMBL is an okay setup right now headed into Friday. I'm looking for $.10 to hold and see if this hits $.15-$.20 soon. Liquidity is good here today at $10M+ already so there's a lot of eyeballs on it.
![](https://lh5.googleusercontent.com/Lsd4jDHIVlM1YzhmZAuTizavvmGXSi_q5bvYnXIIPFhbOP8UWX3Y2gtVmYIi-lREdGlV2619sseYMxx4-QlEEY7dNpYcsweMyZ2FBZ8jccSS3ooZKEbkcyohsaKo59JhRrcvCTiIR_OIox3aPe0BY-4)
Not much else stands out to me this morning but let's do another scan at 2P ET and see if things haven't changed. Small-caps are feeling a bit heavy to me right now, you? I'm not concerned, I just think the IWM might need to dip a little before feeling vibrant again. It had a huge move higher. The IWM is the small-cap 2000. Just needs to rest I think, maybe down to $190 or so? Worst thing we can do as traders is force trades. If things look heavy and feel heavy, they're probably heavy.
![](https://lh6.googleusercontent.com/KOzkCdA4NPMGSOaQGUo5sI1uROxJlczngqNXtrpP7a4MGx7wVT8D5f16_f8xaEH-UmVkguFQMUOJD1pT0b-uRP2FDoiqpybP2Ypo2jI-WYq88lTj9wuH9RGzPYjHFcmr5JPERbUAffwMpcB19VpHpYI)
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