 Good morning cyber traders happy Friday everybody on the 26th of October only a couple more days until Halloween Not if everybody knew that but I think I just throw it in there Happy Friday to you Donna. Amy. Good to see you Ken. Good to see you. Good morning All cyber traders. Well, guess what today, you know, I really would ever say this But I don't think it's gonna be a good day to change right. I mean I Think there's the first time ever made an announcement where I said for the pre-market that there's really nothing there other than to short That's basically what looks like it's going on out there. There's a couple of good stocks that are making some moves, but I mean I was just talking on Just strategizing a little bit with Josh I know you guys finished up phase two yesterday and if you notice one of the big thing I was I was talking about was regarding about Amazon and let me just bring that up AMZN Now Amazon is going to be a is going to be a leader today Regarding about where the market is going now. We had a huge rally yesterday in the market now if I just change my time frame a little bit more you could see that Amazon had a Rocket of a day the stock literally went up about a hundred points and it's just basically tanked. What is it down? It was almost down. It was 180 280 points. So talking about reversal So now what's going to happen is Amazon is trying to make a little bit of a comeback You know and I talked about this yesterday regarding about I had so many family members of mine that You want to know what's going on on Amazon? Some of them owned them owned it at like I don't know like $900 But you guys got to realize whatever goes up comes down twice as fast like every other stock that we're seeing So we've been having a really great market. We're getting these rebounds and then we're getting these corrections that are going on So the way I would trade today is let's keep an eye on Regarding about what Amazon is doing looks like it is be making a comeback already bounce about 60 points in pre-market already You're getting you could see it's probably gonna be testing some resistance levels right from yesterday right around that's around 1700 now, you know, we're not gonna trade Amazon Okay, no ways and I know you're not gonna be trading the options on it But the thing is there are a lot of other stocks that are following with it. There's a lot of ETFs There's a lot of other other stocks that are moving, but this is gonna look like it's gonna be a very volatile Blue chip market type of day all brand name stocks. So that's basically what's gonna go on a lot of earnings came out Some of them were good a lot of them I told you a lot of people were concerned because they didn't factor in such a big rate height In in the Fed so they've been they've been having fun with all this free money and all these free lunches Now they realize have to pay for it, but didn't realize they have to factor in, you know The money they're borrowing so you could see kind of could really could affect the market a little bit And also a lot of people also like I told you this is my throw my two cents out there Is that everyone's just still concerned about the mid-term elections? but realistically, I just think It's October we always have October crashes and traders want to want to get a nice Christmas bonus this year And that's really what it comes down to now for today's class I know Josh is gonna be talk a little bit about Twitter. I'm gonna put on the watch list Regarding about earnings would happen with that Twitter trade. Let me bring up the TWTR trade right here So there's gonna probably be a lot of action in that Twitter and he's gonna talk a little bit about the big prince in time and sales Based on entries, you know, very very important today's class guys when you're in class I mean at the time in sales is a very very critical tool when it comes to knowing and having a game plan in the market Now I know we have phase two recordings up there. So go back and review it Remember you got to learn before you could earn. Okay, you want to make money? You got to be in class You got to review those recordings. You got to do your journals You hear me talking about it that there's so many stocks that we've traded You're gonna trade them in the future eventually gonna come out with an earnings announcement or a new drug Whatever it is, you got to know how they trade But you got to be in class and you got to listen and pay attention Remember the stock market is not going out of business. Okay, you and I die One day and we're always gonna pay taxes There's there's always three promises. I make everyone those are two of them and a third one stock market is not going out of business So don't worry about it. Take the time learn how to play the game and do it right the first time All right. Now there are a couple of stocks. I do want to watch This morning, obviously we got the Amazon on the list and and also my my UVXY trade Is doing pretty well guys. I told you that I said I told you this all the way back in October I says in the beginning of October. I said listen if there's anything that will protect you on A crash, you don't have to spend a lot of money on it But when they did that reverse stock split, you could have bought the stock around like About $10, you know, and they said, you know, and obviously this is fact in the reverse stock splits Really not a $60 stock. They did a what they did a four for one reverse stock split on it But um Just you know, this was an insurance policy So if you guys bought I say even you bought a couple of hundred shares of it as an insurance policy To cover some of your longs that you might get hurt Hopefully you guys listen you did well if you don't believe me go back to the recordings go back to go back to YouTube Go back and look at those days when I talked about the reverse stock split on on the UVXY And you'll see what I'm talking about and that's the beauty about you being here at Cybertrain University and listening in these events, you know, you learn from experience something that everyone will die for that You can't buy experience. So I'm always happy to pass it over to you T V I X another one that is one of the ETFs You can keep an eye on it another one that's following along with the UVXY trade So all those are going to make the watch list. There's a couple other ETS that are moving to UVXY Got that one. Yeah, UVXY. We got all these or any ATF. Okay, you can go down the list All right, a couple of the stocks. I do want to keep an eye on also some other Stocks that probably not going to affect the market Other than just trading on their own keep an eye in this FEX the FLEX. This probably was I don't know If it was on your short list But this was probably the only one that I liked in pre-market that I saw that was taking a nice little of a downtrend You should have probably got the short If you look over here, let me just change the time frame. You should have got it in around like the 860s I would say You know righty here 860s around 830 if you got in so that was probably the only one that's working out pretty well spreads Okay, volume is pretty decent and then I'll think we could short this one But pharmaceutical stock took a huge hit yesterday when it rains it pours. Look at this thing, huh? It's at 46 cents was out of dollar 40. Oh Terrible my condolences. I don't like I always have to say ELLI also keep an eye on that too that one also another nice little short You know that one you probably do pretty well too But the only thing big big spread so everything there's a lot of big shorts is some longs on some ETFs But more short some more day thing just use that Amazon trade as your indicator, you know back in the old days when I used to you know when I used to trade You know one of our biggest indicators was not a MACD or Fibonacci. It was Intel and and what we did is we used to take a Indicate we used to overlap the Intel stock because that was one of the biggest movers, you know biggest Indicators in the market and we just watch that stock goes up everything else went up back What was down that was down so lose strategy there you guys can apply to towards today another thing President Trump signed a very big bill yesterday. I don't know if you guys heard about it, but He's going after the pharmaceutical companies where now that they can't charge us more than anyone else in the world So I think and pharmaceutical companies are like a little upset about it because you know This is where they make their money. They figure we're a rich country So they figure they can you know charge us more So they're a little upset about it and I think what's going to happen is a lot of these pharmaceutical stocks And probably take a little bit of a hit too. So be very cautious on what's going to happen with the with the pharmaceuticals Oh, no, he put me out of business Can you out of business what like four or five years ago now? You're just smarter than everyone else and got help as a pharmacist before anyone else did so But anyway, three years ago Well, you saw the writing on the wall, but anyway, I think it's probably gonna make things You know, it's gonna hurt the pharmaceutical companies a lot regarding about How they're actually selling their drugs here in the United States. So You know, we're gonna keep it. Let's keep an eye on the pharmaceutical stocks, too So we we know how to trade pharmaceutical stocks. We've been watching them forever We noticed that when when they cut when they get crushed they never come back Because you know, that's what the drugs all about, you know, that's where their bread and butter is and I always kind of Tell everybody if you want to learn something very valuable, I know if we have any movie buffs out there, you know To one another great movie I always told you is watch the big short and I always tell you because you're in the industry You want to learn about trading you watch the big short and you got to watch it two three times and you'll know exactly what you could appreciate and how Catastrophes make opportunities for us traders while we're here But another movie I always want to tell you to watch is watch the first movie of Planet of the Apes Okay, is there anyone who watched that movie before? Not not the old one like but the first new version of Planet of the Apes one at first came out Okay, it was a great movie. Well, listen the greatest thing about that movie is like if you know how The the monkey Caesar became Caesar. It was about a drug that the doctor was trying to make for his dad to Cure all timers. Well, if you want to see how much money and what some of these Formus pharmaceutical Laboratories look like you got to watch that it just to see it how much of billions when they say they invest billions You got to see what they have there. I mean, it's like Fort Knox. It's like literally it's worse in Fort Knox It's like basically, you know, it's like the control center of like NASA It's just unbelievable. So when you want to know like well, how could that really kill the company and so on you watch them You watch how much money is it taught that they they invest In these pharmaceutical companies, which by the way, I think they filmed it in one of the big pharmaceutical companies of their laboratories You'll see what I mean. So still pharmaceutical stocks. Listen, there are a lot of fun You know, people make a lot of money on it But and there's a lot of them out there that are public but also we all know that they get when they get crushed They don't come back. So like you're seeing what's happening with this one right here the SG Yp and people always asking is it really that bad? I don't know look It's destroyed, you know down 67% and believe me, there's a lot of them out there and I can go down the list. I Don't even remember was a VRX remember VRX. I did it. We were so embarrassed. They changed the symbol name But was that a $270 stock would it go down to 10 bucks? You know, I mean, how's it? $270 stock go down to $10. What's the new symbol on VRX? I keep forgetting because we don't we don't watch it anymore. But remember the the symbol on VRX What was the symbol on that one? I don't even remember what it was again, but we'll find out Look, you know what even remembers that just shows you Bob says oh, is it be it's it's the BHC. Oh It came back a little bit. Oh, okay. It did come back a little bit. There's a factor in all the Yeah, there it is right there. You can see it $260 stock back in 2015 Look where it goes That's what happens anyway guys today is Friday a lot of you here from on-site last week We all know we all learn how to trade on a Friday and then that's the biggest thing we got to be focused on be careful of Fridays and But Friday morning was pretty good last week Friday afternoon wasn't the greatest But regarding with all the news that's coming out just let's be very careful Remember cash is king and always keep that in mind all right good luck everyone happy trading and don't forget class phase 2 is Going to be starting today, and then I will be doing phase 3 next week So look forward to seeing you there and then once again, then just show you weekend and Enjoy your happy Halloween weekend parties the guys are doing anything because I know I'll be out there with my kids all day Good luck everyone. Happy trading. See you at 2 30 for the afternoon meeting