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SteadyTrade Treats 🍭300% Runners and 50% Dumpers💩

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6589 Ratings

🗓️ 19 August 2020

⏱️ 13 minutes

🧾️ Download transcript

Summary

Get ready for your Wednesday Treats with Bryce Tuohey and Matthew Monaco.A slowing market that’s presenting repeatable end of day patterns — tune into today’s episode of SteadyTrade Treats to find out everything you need to know about the current Penny Stock Market.

Transcript

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0:00.0

Good morning, steady trade treats listeners. It is Wednesday morning, August 19th, and you are listening to Bryce Tewy and Matthew Monaco on State Trade Treats.

0:10.2

Guys, so this is going to be a little bit more untraditional. We're going to, we just want to talk about kind of what we're seeing in the market because let's be honest.

0:16.7

If you guys have been looking at the penny stock market runners haven't been holding up we talked

0:21.5

about this a little bit last last episode on just how second day continuation plays and

0:27.3

multi-day runners aren't really happening the same or nearly as much as they used to so that's kind of

0:32.1

what we want our focus to be on that being said we still had some decent moves today They just were all given back by the end of the day.

0:39.1

Matt, what have you seen?

0:41.1

What have you seen so far?

0:42.3

I know we were just talking about this, but.

0:44.4

Yeah, today we concluded felt a lot like 2019.

0:49.5

So if you were trading at all during 2019, you should remember.

0:53.4

I can't even like point out like five multi-day runs.

0:58.5

And also, can we add that today is August 18th just because who knows, maybe we just kind of

1:05.2

start getting a bunch of multi-day setups tomorrow. But up to this point in August, there hasn't been like a good multi-day runner,

1:13.1

which was pretty much the theme of 20-night. I remember Bryce and I used to sit there at the end

1:19.0

the day and like look at the market and be like, I can't remember the last time we've had a multi-day

1:23.1

runner. Now, we've had a ton of them so far in 2020. We've totally been spoiled. There's been more than a handful in 2020.

1:30.7

But so far in August, slowed down.

1:33.5

The volume's definitely less.

1:35.0

The liquidity isn't quite the same.

1:37.7

I mean, it's actually relatively like, if you compare it to five years ago, it's still awesome.

1:42.2

But compared to 2020 standards, that's what we're talking about.

...

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