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On Today's PreMarket Prep:Covid Variant B.1.1.529Oil prices drop over the weekendTravel Related StocksBank stocksBitcoin Takes a Fall on ThanksgivingBENZINGA PRO BLACK FRIDAY SALE Sign up for the FINAL PreMarket Prep special of 2021: Order Execution, Order Flow and Tape ReadingMeet The Hosts:Dennis DickTwitter:https://twitter.com/TripleDTraderSpencer IsraelTwitter: https://twitter.com/sjisraelJoel ElconinTwitter: https://twitter.com/Spushttps://www.premarketprep.com/Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.Unedited Transcript:Good morning, everyone get access to actionable news and market research. With all the information you need to invest smarter and profit faster. Start your free trial today@prodotbenzinga.com. I hope you all had a great Turkey day is a good thing. We decided to do a show this morning. I'll say that. It's good.It's been a pretty crazy morning so far, man. Do we have a lot going on? And Joel is here. Mitch's here. I'm here. I think Dennis will probably be joining as well. Cause he won't want to miss this. You will want to miss this right now. This is pre-market prep with Joel cannon, Dennis, Dick and Spencer.all right. What's up, Joe? What's up, Mitch?How are we doing? Oh, no, man. I just wanted to watch some football.This is unexpected. Is it not? I mean, I woke up this morning and everything was down. Joel seemed to you, right? Yeah. Did we, uh, did we share a little graphic yet? Well, uh, we haven't been saving it. Well, we, we, we, we can show it if you want a, uh, cause this is what happened in the market folks. Rob Paul, we changed it up to 47 17 a Thanksgiving day, Thanksgiving day.I was watching it and oh, there we go. Yeah, it is whoops. Yup. It is. Uh, we'll just go straight to the numbers because, uh, I got the screenshot out. I should do it, boy. Oh boy, this, this does it. Now trade station messes up a little bit here. This doesn't accurately, accurately reflect how high we traded. Uh, this was 6:00 PM, Thursday until, uh, 1:00 PM on Turkey day, we traded up to 47 17 and then we started to leave closed at 1:00 PM.Right? And then this is like, this is the league. This is the news. This is a bid that a pretty orderly sell off. Uh, we got down to 45, 97. Of course I had to add numbers to my sheet. The low of the month is 86 50. Well, LA and other lower at 93 and a quarter pre-market low 97. Are we going to get down there and expanded range day?Oh, I don't know. We'll see. But, uh, there are, there are some daily support levels in that area. I'll tell you right now. If we got a pop to get up to this 50 handled like 46, 50, 46, 60, that would be mid range on the session. That would also fill the gap from Friday's low. I'd be licking my chops there, but, uh, that's uh, that's 40 handles away.We'll see. We'll see if we can get up that high. Crude tank and who's going to need crude, like in another pan, dammit down 4 75 at 73 65. I have to figure out a new retracement or a little flight to quality here. Gold. After the bad week, last week, bounce back. That's up $24. That's nice movie teen. Oh eight 20 silver in the green by 13 cents at 2363.Uh, no safe Haven in Bitcoin. They did have the old Turkey day rally going on. They got it up. It was near, near 60 K. Now we're down 30 654,210. Ethereum's going the same way on a percentage basis. That's down $255 and 44,060. I would just say on the crypto front, Joel, when I went to bed last night, I was ready to call the victory victory for me.I was right. I said, everybody. Everybody a theory them it's going to rip after Thanksgiving, I'm telling you. And it was, it was, it was a five, 6% last night. And I wake up this morning and know, so, oh, well, uh, you can't, you can't win them all, but, uh, holy moly, if, if you are watching the show and you somehow don't know the news, the hemline of the day, uh, is that last night.Um, a number of countries came out and said that oil actually, mainly the South Africa came out and said they knew COVID variant has been detected in South Africa. We are already seeing several reports this morning of, of, of, of this same variant, uh, being detected in other countries, uh, in Africa, in Europe, uh, there is a number of countries that have shut down their travel, uh, from Ash, from Southern Africa already.Uh, Israel did it, the UK did it. You're getting the who, world health organization meeting on it today. Um, we don't really know much. All we really know is. Apparently based on the early, early indications, um, it does seem to be pretty contagious, but two big caveats, right? We don't know how deadly, we don't know how effective the vaccines are against it.So those are the two big things. We, we, the two big question marks regardless, the market does not wait for anyone. The market jumps to conclusions, and this is why we are down today. We will spend the rest of the show talking about this is the reaction justified. Is it not? What do we do about it? But that is a story of the day.What a ouchie Fowchee, half. He was just on CNN a few moments ago. And he basically said the exact same thing I said at the end there, which is like, we don't know, we have two huge question marks, right? We don't know if the new variant will be resistant to the current vaccines and we will decide on a travel ban potentially after we get more information.But B 1, 1 5, 2 9, sounds like a star wars droid. It is not a star wars droid. It is the name, the four that we have for now of a new variant. Um, and it is, uh, ripping through markets today. So we don't know is the bottom line. We don't know a lot. Um, this is not the first new variant we've had, obviously. Um, but until we learn more.It seems like I, you know, we haven't even reported deaths. No, I don't think so. I think we only have like 22 confirmed cases of it so far. Um, but it seems to be unusually contagious in the, in, in the early goings. But again, if it's, if, if, if the vaccine works against it, then who cares? You know what I mean?If it's not deadly, then who cares, but we don't know those things yet. So. I, I mentioned, I were talking earlier this morning. It's probably the reason that we're down today. Like this is probably, it's a combination of two things, right? It's it's this Hamline, but it's also the timing of the hemline. Cause there's, there's nobody nobody's home right now.There's no liquidity. It's Friday after thing is giving. No, one's no one's at their desks. No one's trading. Um, that's probably exacerbating the, sell off the. Right. Okay. Um, it just, I mean, things have not been peachy keen here in Michigan. I mean, this is, there's nothing new. I mean, cases have been on the rise here in the Michigan and Michigan hospitals are still not full yet, but you know, it's just that, it's the hospitals.It's the Dallas. And what about, um, our boy, uh, uh, Scott gallium, has anybody heard from him yet? He should be, uh, he should because, and he's the one that proclaimed the pandemic over. So I don't know. I walk a Walker and the charge saying a hundred confirmed cases from Africa two in Belgium, five from China.So anyway, let's just make our way through the carnage here. I just want to look before we do, I just want to say one thing. This is not a surprise. Okay. Pandemics, you know that they don't the first thing that Lisa said, she talked on the show though. Uh, you know, last year it was like pandemics don't last a year.They don't, they don't just come in. They, they there's, there's different phases of it right now. And you had to be prepared for it. So. This is just a different face. And in fact, not Todd talking about going away, this is something that is going to be here in some form shape or form for a long time. So you can, we can gauge the market's reaction to this, but this is kind of like, this is the new reality and people, you know, people that think it, it never took place.Well, you can keep thinking that people that think it's just gone, they could think that too, but this is, this is something that we're going to be dealing with for a long time. So, so yeah, I mean, definitely. And, and, and the chat is, you know, sort of agreeing here. I mean, the timing is not helping things, right.That, um, really this is, this is actually, I think normally one of the slowest, if not the slowest day of the year in the U S market, right? Maybe the wall was falling day of the year. Like nobody's on what is trading today? On the psycho straight today, but they got the market going wide and they got the rocket going.So I'll tell you one thing, guys. Uh, it's definitely gonna be one of those days where you think there wasn't going to be some trading going on, but I think there's going to be some trading going on now. Definitely. We got for sure, a lot of movement. Uh, I know Dennis is probably out there kicking himself because this is one of those days.That is definitely an arbitrage type of day. Oh boy. Yeah. So let's, let's, let's run through, right. That's what we do here. We get dealt the hand and we're like, okay, what are we going to do? Okay. So we do, we do have some big time gainers, like big time gainers today. The stocks. Positively off of this office news.These are going to be your mask stocks, right? Your medical supply, some smaller medical supply names, names that you wouldn't have heard of, but are ripping off this names. Like I S PC eyes specimen, which is up 70% this morning. Um, yeah, there are so many new ones. Joel, there was so many new ones, right? P C I S P C that's that's it.And their day to bring a headline. Yeah. Yeah. So, um, health supplies, like health supply company. Yeah. So yes. And then you have like another one H P I, right. Allied health care products. H P I, those are your two big gainers this morning. Um, on my, on my filter at, uh, uh, movers tool in Benzinga pro. And then if you can think back to the, the other mass maker names from last year, you can talk about apt, right?You can talk about a little lake. Those are the names that we know about already. Um, but you do have some, some big time gainers this morning, moving off of this. Um, you know, and then you can go to the vaccine stocks, right? Is having a good morning. Um, BioNTech is having a good morning. Novavax is having a good morning, right?You do have some, so it's not like everything is down today. It feels like it is, but you do have some stocks moving in the other direction. This is good. This is probably as clear of a trend day as we've had in quite some time. And the trend so far this morning is if you are a, uh, company that deals in medical supplies, or if you are a stay at home company, you're trading higher.If you are a reopening company, you're trading and while we're, and it's pretty cut and dry, like as cut and dry as we've had in, like I said, in quite a while here, you can look at Netflix, right? And the. Zoom in the green Peloton and the green, all the airlines are down. All the cruise lines are down. We got a smart person here, BZ B.He noticed I had to recreate a chart and he noticed it. Wasn't linked to my other charts. Scott looks knows my charts better than I do. So what are we doing? What do we do with these stocks? Right? What are we doing? What do we do? What do you do? Well, let's, let's just look at them individually and then I'll just give you some parameters.If you, if you're not, if you're not, I don't have any of these. I mean, I have the, I have the Pfizer, I'm not selling it. I have Palatine. I don't even want to talk about it. I don't have, but let's say you had these stocks today, right? And they're in your, your, your short-term portfolio. What was, what was the first one that you gave me?I specimen, yeah. I asked her. You see? Yeah. So, so yeah, I guess let's group them together. You have let's group. The first group is the high flyers of the day. I SPC and HPI and like apt and late. Let's say, let's say we'll call it those four. Right? Those are your mass clinical. I don't know your mask plays.Um, uh, I'll put them in the industry there. They fall into diagnostics and research. There we go. Okay. So we've got like four or five of those names, right? These are all big time today. What? This is a group. This is a group a for, for this morning. What did we do here, Joel, if we are correct. And saying, this is probably an overreaction, then it would stand to reason that these are the first things.What happened, first of all, what happened to this thing or not? That's a Tuesday. What happened to this thing on Tuesday? Is it just, they just, it's just a low floater floater. Joel. It's it's got a ton of craziness. Okay. First of all, if, if you have target. It's 1703. And you're at your target price. I would say, you know, stick with your plan.Number two, number one, number two. I wouldn't. I mean, if you're buying these and you think they're just going to keep going. Good luck. I don't, I don't, I don't really have any, I can't give you an area. I could give you a what looks on the 15 minute, but you know, that could change in 15 minutes. Um, I will say you got some bag holders in this one you snuck over 19, a couple 18 over a couple of days ago, you got 18 and a half.They liked it in the pre-market got through 18 and a half. It got to 19. So. I would look for it too. If it didn't get up 18, 18 and a half 19, 19 and a half 20, I expect this one to roll over a little bit, overhead supply. Now, speaking of bag corners, Joel, if you want to pull up a PT or a lake, I mean, those are the ones, those are also ripping higher, but those are the ones that were prior last year.And everybody's down in those. Now, if you, if you held the entire time, not that I'm not saying you did, but if you did, right. So every, if you look at like either of those, every rep has been encrypted, so. Can I six 50 for this one. I know it traded over six 80 now you're back at 6 29. I mean, six 50 was resistance.I would look at the six 50 that, I mean, lower the move yesterday. This one's not, but loud. 22%. It's just a lower price stock. So I'm looking at resistance here. First things, first, six 50. See if you'd taken out there and then the pre-market high. You had a double, uh, a double top, uh, 6 86 here. And what was this off?The 4:00 AM path. 6 87. So that's for those two. And then you mentioned dot where lakeOh, like all these people from the 15th are getting their money while they were getting their money back. That's something that's a big fade that hit 22 started to get into the gap. I don't know. You're at 2031. I don't know where it's bitter offered, but 21. You know is you have to look at that because that's what the five day highs.So that's the resistance and that one, that's not, wow, this wasn't used to move. This makes me think that a lot, you know, that people aren't as when you see this, I mean, it hit this one. Didn't get much up a box, 6%. I look at 21. Okay. What is, and I will look at it this way, right? Because your…
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