Over-priced is an understatement.  When the music stops.....

That said, given the volatility it's a great short-term trading vehicle right now if you're nimble.  Using 5 minute candles yesterday, I scalped 10 points in a few hours after it broke out of a textbook consolidation at $112.50.  

Why would that "NOT"act as support, Matt?  On the weekly, there appears to be a support zone between $0.46-$0.50 going back two years.

And yet Stockcharts.com and other charting services show the "open" at the "IPO" price of $78.00.  What a joke!

Update: They just changed it to reflect a $106 open.

Agree.  Wondering when their advanced automotive fire prevention system will find real interest.  To me that's a game changer.

You called it on the monthly (or weekly) some time ago.  I have URG and DNN; both storming higher.   

Reminds me of a guy I knew at the racetrack years ago.  Decent handicapper; terrible money manager.  Always put everything on the line.  Even on days when he had 5 or 6 winners, unless he won the last race of the day he left the track a loser.  Impossible to give people like that advice.     

Did IBM really spike $5.00 higher earlier today, or is that a mistake on the chart?    Supposedly happened within one 5 minute candle, but there was no volume to support that move, which leads me to believe it's an error.  Anyone know?  Has created an ugly candle on the daily.  Will it be fixed...or perhaps the move was legit?

Just my observation (based upon anecdotal not technical evidence): majority of people with $$$ in the market ("everyone" as is so commonly referred to) are NOT expecting or calling for a serious correction or market crash; rather, they remain extremely complacent.  Overwhelming majority remain at or near fully invested (in retirement accounts +).  Yes, traders are nervous, and rightfully so based upon technicals, but they (we) make up a small % of total market participation.    

Would rather be living in a state where the governor cares about lives than be governed by this ignorant soul: https://www.cnn.com/2020/11/16/politics/kristi-noem-south-dakota-covid-19/index.html   

Why not take it at the break above the channel of the handle?

Any thoughts on the possibility of a 100% retracement over time?

KISS system question:  Matt, I generally trade individual stocks but just watched your KISS video; very impressive.  Thank you for your time and effort behind the scenes putting this together.  Can't imagine the hours involved.  

One question for those following KISS: Perhaps I missed it in the video, but what trading vehicle are you suggesting that tracks this system best: SPY or another ETF??  Thanks.

Appreciate this basic review of lessons you've repeatedly stated over the years.  Easy to follow examples.

Thank you Matt or Steve for mentioning NAKD a few weeks ago.  Took a flyer at $0.64 back then.  Waited patiently.  Today it exploded higher.  Watched on a 5 minute chart as it continued to rise and rise and rise.   Once it hit $1.17  I put in a stop at $1.11.  Taken out on 1st big red candle.  Great score; perfectly content not selling at the very top; who can?   Thank you.

Honest question: Is every "V" shaped pattern (following an earlier runnup) the "cup" of a potential cup & handle?  If not, what distinguishes one "V" shaped rally (that is a cup)  from another that isn't a cup?

Perhaps the "vaccine" news was more hype than real progress??   The timing of that announcement certainly seems suspicious (just over an hour before the opening bell on a Monday).

Bought yesterday at $2.25, out today at $2.55.  Thank you Steve and Matt for the idea.  

That said, I monitored today's parabolic upside move on a 5 minute candlestick chart, looking for a reversal candle/sell signal.  Stock quickly crossed $2.65 then a big red candle with a wick at top.  Wanted to give it room in case it pushed higher again.  Set stop at $2.55.  Another red candle hit $2.55 and I was out.  Could I have done better or is that just greed?  The topping candlestick appeared quickly though it was obvious the move could not be sustained.  

So much for a free market and taking risks.  Other than bailing out someone or some group of people, what is the purpose of buying this crap with our tax dollars?  

Unemployment # is much higher than that.  People are unable to file.  I know several individuals who have yet to complete the process.  Online enrollment has problems, people cannot complete the application and are required to call...call volume is overwhelming the system...people can't get through.  I know someone who has tried for hours each day throughout April. eventually gets through only to receive a message that the unemployment office has reached it call limit for the day.

Unfortunately, the numbers are going higher before new claims slow down.

I agree with your sentiment, but the woman in line before you isn't the real problem.  Let's first address the biggest outrages in front of us: corporations and banks being bailed out.  Back in 2008 when Goldman Sachs was on the ropes, the federal government stepped in with $10 billion  and bailed them out.   Feds didn't even insist on a % interest in future profits in exchange for the risk they were taking on.  All downside risk without any upside other than the possibility the funds would be paid back.  Goldman were not the only ones, and I suspect much the same is happening once again.  With that backdrop, it's hard to get worked up about people taking advantage of the $600 subsidy.