🚨 URGENT PRE-MARKET ALERT: RKLB & MP Trade Setups!

Good morning, traders. It's Wednesday, January seventh at five o four a.m. All right, little bit of economic news today. Eight fifteen is ADP employment change, and then ten o'clock we've got the JOLTS job openings for November. Then we've got some PMI data at those are at ten o'clock as well as the JOLTS job openings. Okay, so maybe um. Round 10, there might be a little bit of volatility. We will see. Anyway, 2 stocks I have for you today. We've got Rocket Lab and we've got MP Materials. So let's go ahead and look at Rocket Lab. Same old, we're looking at the biggest trades in the last month. And we can see here, this doesn't get massive, massive prints. So these are large for the stock. So 400,000 or 500,000, something like that. So we can see here, there was a print here, pulled back to 100 moving average. We got some more prints here as well. And then when we have increasing volume breaking above the prints, there's a great entry if you were watching this before. And then we upthrusted more prints, pulled back more prints, and now we're breaking above again, and we got more prints again here at the top. So you can see what's happening. It impulses, they pull it back, impulses, pull it back, impulses. So let's see if we pull back Here and then move up. So we'll map it out both ways just in case, but you can see here that this is a pretty straightforward stepladder move up. This is a strong stock. So anyway, for the intraday trade, we're going to be bullish above $84. You can see this consolidation here. Let's get above this and my 50 simple moving average. Target $84.50, $84.91 is this cam, then we've got $86.03. Is this 407K print? 8650, 8715 is a cam. 8827, 8936— sorry, 8939 is a cam here. And then 9017 is R1. That's as far as I went with this one. The ATR on this is about $6, so we go with that on the upside. Bearish below 83. Let's get below here. It's early, right? So if we get below this, if you were trading this And you want to get below this $83.37, maybe you can get that down. But by the time the video comes out, maybe we'll be closer to $83. Target $82.67 is the CAM, $82.11 is the pivot, and then we've got $81.50 and then $81. So $81.50 here, this is my 200 exponential moving average, this is my 200 simple. This is going to start to be a cushion here, plus it's the 50-cent level. Then 81 right now is the retracement to this 4 exponential moving average on the higher time frame, on the daily. So if we go below that, then we've got 79.39, 79.97 is the support, and then we've got these prints from the last week of December: 77.55, 50, and 18. So there's 800,000 sitting right here below this S1. But 78 would be a strong level as well. Maybe we'll wick down and test that and see what's going on. Okay, next up we have MP. So looking at MP, let's look at the daily chart here. So in the last month we had 800,000, 1.8 million, and you can see that both of these came in on December 19th and we went sideways for quite some time. Uh, 1, 2, 3, 4, 5, 6, 7 days, but for, for a week tagging my 200 exponential, I think that is. And then with this increasing volume, then we broke above these prints, right? So we had this consolidation, that's a great entry for a swing, and then we started moving up. So let's see if we can get up to the 63.25, up to this, uh, 100, I think, moving average here. Or we can retrace back to the four or the fifty here. This this previous day low, maybe a little bit late below that. So let's map that out here. We are going to be bullish above sixty one fifty. Let's get back above this cam. We've got a double support here. So if we can close above the sixty one forty one with increasing volume, break sixty one fifty, then we've got sixty two, sixty two fifty, sixty two sixty five is R two. Then from there we've got 63, we've got 63.25 here, which is that 851K print. 64, 65, 55 is R3. So look at this, is really nice to trade on the upside. On the downside, we're going to be bearish below 61. Let's get below here. Target 60, 62 is this CAM. 60.35, 59.75 is the pivot, and we got to be careful here that my peanut butter and jelly puts you in a sticky wicket situation here. Uh, the 200 exponential, 200 simple, 200 exponential, and the pivot together, that's quite strong. We don't hold that, 59.55, 59.29, and 59.02. I stopped there just because that's the, uh, the dollar level. All of this is support. If we— there is a pocket down here to 58.80. Uh, which could be the retracement to the 4 exponential moving average. So I'll put 58.83 here as the last target. All right, there you have it. Those are your 2 trade setups for today. So please like, share, subscribe, do all of that great stuff. It's great to hear from our traders, and we'll see you later this afternoon with our results video. Happy trading, everyone.