How to Spot Hot Stocks Before the Market Opens!

Dave Barnhart walks through a trading dashboard for finding stocks to trade before market open. He covers pre-market volume starting at 4 AM, volume filters, earnings calendars, and dark pool reporting to spot momentum plays.
Chapters
Hey there, in this video we're going to look at pre-market volume. So it's close to the market opening, so let's go have a quick look on the dashboard here. We'll click on pre-market volume, and what this actually shows us is all of the volume starting from 4 AM. And so right now TSLL is at $24 million so far, and I've set this for a minimum share price of $5 a share and a minimum volume of 400,000. So What you can do is if we're looking for momentum stocks pre-market, if you're coming around 4 o'clock, you want to get started, you can actually reduce this, say 10,000 or 100,000. Really, 100,000 is the good pre-market volume indicator. And this is still up top. And so we can go down and have a look here. So if we look at this ETHU, we have today's volume, which includes pre-market, the previous day's volume, and the 90-day average volume. And then we can see for the price, the percent change, and the net change, uh, so far on the day. Now as we scroll down here, this is green because this volume is bigger than the average day 90 volume. So if you have all 3 lit up green, then that means today's volume is bigger than yesterday's volume is bigger than the 90-day average volume, right? So that's pretty good. And then we can see if we're up or down And if you want to see what's going on with any of these stocks, you just click on them. That takes us to the print lookup and we can do some further analysis. When the market actually opens, this pre-market volume, the title will change to market volume. So the benefit of that is that right from 4 AM all the way to the market close at 8 PM, we'll see these stocks by volume for the entire day, pre-market and post-market. So the benefit of that is you're getting close to the end of the day and you're looking for a swing, you can actually Look at the volume and see the comparison from today, the previous day, the 90-day average, and then see if there's a trade setup for you. Let's have a look at another component of the dashboard. Uh, it's the end of the trading day. We've got, uh, 35 minutes left. So let's look at the top trades for the day. So here during the trading day, what we'll have is the top trades that pop up by dollar value and by volume. So here we have the top 10. So we have SPY here with $487 million. Dollar value, and then we have the Qs, the Nasdaq, Tesla, IWM, Microsoft, XLF, Nvidia, Meta, Netflix, and Apple. So we can see some of these massive share sizes: 1.1 million on Tesla. That doesn't mean that there aren't more, but what we can see is at 356.60, there were two trades that made that up. So this is actually an aggregate summary of the trades to find the larger dollar values. And then what we can do is we can click on one of these and go directly to the print lookup and investigate a little bit further. That'll be in another video on the print lookup section. So here, looking at the top trades, you have that, and then you can see the dollar value. So any further investigation there is quite helpful. All right, next up we'll do upcoming earnings, and here we can sort by mega cap first. These are the ones that are the largest companies in the US and possibly looking to move the market should anything happen. So November 11th to November 17th, we have Baba, Cisco, and Home Depot. And we can see that Baba is worth $231 billion, Cisco's $230 billion, and Home Depot is $403 billion. So these are massive, massive companies with earnings coming up. And then we can see the date, November 13th, 12th, and 14th there. We also have large caps, so you can break this out by different categories. So see here, upcoming earnings is 47. And I've clicked large cap and mega cap. So if I untick one, we have 44, and then we can sort by the date. So here, November 11th, that's starting today. So ACM, AECOM should have reported their earnings this morning, and then all of these today, and then starting tomorrow you can see AstraZeneca, CART, Cava, DOX, these things, and then try and find a trade setup. The other thing too is if you are holding these stocks, it's good to know When the earnings are so that you can make an educated decision as whether you wanted to hold it, place an earnings trade, or do something else and or nothing. Upcoming ex-dividend is the similar sort of thing as the upcoming earnings, only these are ex-dividend dates. So if you're holding options through ex-dividend, there are some situations where because you own the options contract, you wind up paying the dividend. Just be wary of the dividend dates. If it's a long-term thing and you wanna collect the dividend, then by all means do that. But just so that you're aware there, and the market volume, we've covered that in a previous video here. But now that it's towards the end of the day, this is a good follow-up, right? Because since we have 33 minutes left in the market, we can see that Tesla is the top today with 185 million shares. The previous day was 204 million. And the 90-day average volume is 91 million. So we can see that we're more than double the average 90-day volume, even the previous day and the day before. So Tesla's really moving, and you can tell just by looking here. It's already up 7% today, $24. And then you can click on it, which will take you to the print lookup, and we'll investigate that a little bit later. Now here MARA, for example, all 3 things here are green. All 3 columns are green. We're at $111 million for today on MARA. We're above previous day of $45 million by at least double. And the 90-day average volume is $39 million. We're up 30% today, almost $6. So you might wanna look at MARA. And then that's the same idea here. If we have this one here, so for example, SMCI, $64 million. We're above the previous day's volume, but we're not above the average 90-day, and this one's actually down a little bit. Okay, in our dashboard, let's have a look at this print section over here on the right-hand side. So what we can actually do is filter for specific prints. So in this case, it's 400,000. So any trade that's 400,000 or higher for the current day. So this is Monday, November 11th, which is our current day. And then we can also choose whether it's market hours or all time frames. And all time frames would include pre-market from 4 AM to 9:30 AM and also from 4 PM to 8 PM Eastern. And so right now, if I choose the left arrow, I can see prints from Friday, and I can choose my share size. I can go up to say over 700,000 and higher. And then I can also choose market hours. Now see that this one shows SRLN is at 8 PM. That's when the market actually closed. So if I want the market hours, I'll just choose this here. And so this one goes up to 3:58. These are by default sorted by time, which is newest to oldest. So close to the end of the bell, we could see $2 million on financial ETF XLF, NU, $1.4 million on Apple, $2 million on CHPT, things like that. So you can scroll down and see what actually happened during the day. To get an idea of what's happening in the market. All right, this is a quick helpful tool as an overview portion of the dashboard as one of the components. Let's move on and we'll look at the economic calendar. All right, here on the dashboard we're just going to look at the news section, which is pretty straightforward. Here we just see news that comes across some of the feeds, and you can scroll down and see what the large news stories are. You can click read more which will open another web page as to where the news source is and see if there's anything related to the stocks that you're trading. Otherwise, there's some interesting stuff that pops up there. On the dashboard, let's have a quick look at the economic calendar. So what we can do here is we can choose any country that we like in the world. Most of us trade U.S. stocks, so what I can do is I can click on the globe here, and then by default we can see North America, USA, Canada, something like that. There's entire worlds. You can search for a specific country, top 20 economies like the G20, things like that. I'm going to choose the US and then I'm going to choose apply. Now this'll give us absolutely everything, right? So tomorrow being November 12th, we'll see these NFIB business optimism, Red Book, soybeans, things like that. If you're interested in the things that are the highest impact, we can click This here, only high importance. So if we click on that, we'll see that we have core CPI on the 13th, and we can actually scroll up and see if we missed anything here. No, so not anything high impact on the 12th, but on the 13th it looks like it's a busy day for core CPI. And this is going to be in your local time zone. So see, mine says 9:30 AST, so Atlantic Standard Time. I'm 1 hour past Eastern time in the location where I'm at, where I'm recording this video. So you can see these things here and you can scroll out into the future to see where other things are. Oh, so you can plan the potential volatility in the market by checking out the economic calendar. Now, late prints are a big part of trading the dark pools because these are specific trades that are allowed to be reported 24 hours late. And normally trades have to be reported within 3 hours. In some instances, most of the time it's immediate, but in, in the instances where we track these across the indices, the SPY, the NASDAQ, the QQQ, IWM, and the DIA. So we go ahead and we track these because what happens is this volume should be in the previous day's candle. And then we also see that usually there's a big difference in the price that the trades are coming across as, as compared to the current trading price. And so here being November 11th, what we see is on the SPY today, there were 3 of them for $251 million total, which is actually a lighter day, 419,000 shares at $597.88. The current price of the SPY is $598.16. So this theme crosses across all 4 for the ones that we actually track. There's nothing for the DIA today. The QQQ, it looks like we're down a couple pennies, not a big deal, but there was 4 of them for $213 million. Okay, now this tab here is yesterday's, the latest late ones. So for Friday, we can see this, look, $595.65 was the price, but there was 4.5 million of them and we closed at $598.19 and the current price is $598.09. So we can see all of this, this references This over here, which is the Late Prints tab. And if we look over here, we can go back to January 1st, 2020, and see all of the trades together. So here we can see November 8th, there's 35 trades totaling $4.5 million. And on the Late Prints, we can actually see if we scroll down, anything over $10 million is highlighted. And the similar thing for the Q's, IWM, and the DIA.
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