 All right folks good afternoon and welcome on back here this Friday to wrap up our week here Donald Again a tough win right now on any RV great to see Donald great to see Leda Andre and all of us live inside the cybergroup room And Ola great to see all this back on social media Facebook live in YouTube as well folks It's been a quite the interesting day We ended up having Powell have his press conference right at 10 o'clock Eastern time and then from there the markets Sinking so it's been a short day to say the least no pun intended but that but with that in mind folks We have a lot of interesting trades here to wrap up our week heading into the market closed today For right now BBBY on the screen to begin the beth beyond It's just one that we've had our eye on forever right the last like week or two non-stop I think rich just made a call out inside the trading room earlier just mentioning the resistance off 11 So perhaps here if you're looking for the squeeze up off 11 It's got to make a pretty big move off that level right when a stock breaks through a big level should see a big move shortly after Starting to see a big move just not in the direction that we're looking for on Bobby J At least you know for right now I'm gonna pass on this stock right now It's gonna be hard to anticipate any long opportunity with the way the markets have been looking lately here So what we'll do is go from top to bottom not every stocks dropping off the market But a lot more than less and with that any any RV was one of the few that ended up going completely Against the grain here today ended up making this big pop Rebreak I should say above resistance off of seven It was a tough level to begin with and had a nice little pop just before here But ended up dying off it pulled back under the level and to be transparent for a Friday after this already ran from Even like three bucks or just over three from the beginning of this week Well, how much more could the stem stock run right like to go from three to seven alone in a few days? That's incredible. You know, I don't think any of the I don't think this out of any one of us individually But you know if you're inside our live trading room day over day week over week You tend to get spoiled with seeing how much a stock can move across a singular trading session So don't get it twisted a 200% move 250% move over a week is pretty darn impressive, right? Well with that it didn't stop or it didn't stop and only continued it it broke a Rebroke above resistance off of seven It's been a long week and with that ended up only continuing to squeeze up to damn near 10 plus Well for as much as it ran you would assume a psychological level Certainly a decade number level like 10 would be very important to watch going forward and with that It's only been holding perfectly since so listen any RV. I'll put this on our list once more You know, maybe there's a chance to where this makes the Fausto flag makes another higher low here And that makes the retest of 10 up top that that's certainly possible. So with that I'll put it on our list It also wouldn't shock me if this ends up completely dumping off from this point You know if it does by the end of this meeting, we'll see where it is But you know for right now I'll keep this on our watch list for right now Now another stock that ended up making a big move from today. I mean, we'll just go from top to bottom here briefly No, we have the OLD I reckon up 41 percent little pop here after the market opened up No, Fausto had called this one out pretty early after the open. So we weren't late to this one We were able to take full advantage of this squeeze up initially on the OLD But it was the FTCH stock This one ended up making the bigger move in pre-market heading into the open It ended up beginning to break above resistance at that time if I'm not mistaken right off of 1170 I think that is Right before the market opened up there It ended up popping above resistance and then from there it only continued to move up later on so off the re-break from 12 This ended up making a pretty strong squeeze up towards nearly 13 at the time And then obviously now making lower highs and pulling back down towards that 12 level again You'd hope to see support hold but looks like it already pulled back there once earlier today and held So even if it does hold here I'd be more expecting for it to just be exhausted at this point this far fetched stock So for right now I'll keep it on our side list. Maybe by the end of this meeting I'll come back to it if it ends up showing strength off the 12 here soon We'll keep it going folks. The YSG stock will be pretty quick actually as we go through this meeting But YSG ended up making a nice pot midday. This one caught me by surprise I ended up finding this when it was already up at 140. So I didn't want to chase it I wanted to see support build but to be honest, I ended up taking my eyes off it after so it looks like support did build Could have squeezed up but failed to really make the higher high off of the resistance there off of 150 Yeah, ENSV eb ee vbg Getting my letters already mixed up there trying to make that joke So with saying that ee vbg ended up making a squeeze up here before but paper thin order book for a $41 stock, so I'm not nearly as interested in that at this point Not as interested in this at 16 cents stock either. All right We'll keep it going see what else we got here across the gainers side Probably not as much on a day like today if anything there's going to be these ETFs like SOXS Inverse semiconductor ETF. I believe triple leveraged if I'm not mistaken at least this has a liquid order book But it's an ETF so unless if you have level 4 I would not be suggesting for anyone to actively be day trading the ETFs If you have level 4, that's a different story. At least you're able to use the order book a lot better to your vantage compared to just reading level 3 But with that out of the ETFs, we do tend to trade UVXY a little bit more They're different SQQQ is a specific ETF towards the semiconductor sector UVXY it follows the VIX index so Where you tend to see the markets drop off often times like predominantly UVXY will make the inverse move So it's saying that markets at the lows UVXY at the highs on days like today I'll at least put one ETF on our list. Don't be that UVXY trade Well, we did have the Chinese stocks make a really big move today from the market open and damn this TAL is still holding Pretty strong here in fact right off to 6th level So let me just jump around now to some of the other like Chinese stocks that we've been trading of late the Chinese education companies Alongside TAL. There's edu. That's not looking nearly as good GOTU seem to be said there All right, Neo had a pop in pre-market at eight o'clock But only after the open that ended up dumping off. So that doesn't appear like that good of a day trade at this point I assume the rest of them are gonna look like this kind of slumping off here I don't know what's going on with TAL whether it's earnings or company specific news. I'll tell you what folks Don't look for me. Don't waste your time even we don't need to know that at this point for right now This is at the highs. This is right off of resistance out of six So if we happen to see this blast above six, that doesn't mean it's instantly going to run But what's gonna happen if this holds strong and if the markets do squeeze up into the final 30 minutes Well, that would give TAL a little extra boost or kick in order for that to really make that squeeze above six that you would want So I'm gonna put this on our list looks a little flat But it's obviously really strong here at this point up over 11% Testing that sixth level here. Also, if you recall TAL, I mean from like a year ago ended up getting crushed So the question is is this approaching historical? Resistance to where we could anticipate a bit of a gap fill We're getting pretty darn close. I had a flip over to a weekly chart here looks like 582 582 The the two highs here back from the end of last year that is seems like it was kind of contained right under that area Just afterwards 583, I think that that may say so, you know what it broke above it recently here It looks like it chopped around 590, but Look at that it held support pretty damn nicely right off that 580 to 585 area So perhaps this is in the running for a nice squeeze up to potentially begin the gap fill I say gap filled because of the daily chart here, right? There we go. All right, so TAL definitely I'm gonna put on our list here looks good All right now we're chugging along the bottom of the gainers list here Probably not gonna see really anything else that one did take me by surprise the TAL trade at least there I know Fausto had called it out after the market open, but we took our eyes off it as a team afterwards like after the initial run Got the RAD trade right in just very flat. I mean, I don't know what happened here It almost looks like a buyout, but I don't think that's what happened there. All right Let's hop over to the losers list here right now. We have mob down big Not a fan of the mob Mobile con limited. I don't know new IPO just breaking down here. So you can't short it just move on Yeah, Domo DOMO looks like it's pretty close to the lows here roughly under 20 off of like 1985 that could be 1980 ish It's beginning to make a bit of a squeeze off of 20 I could put this on our list But it's not even like trading a whole lot of volume per minute trading a lot of volume on the day 3.3 million shares, but it's only trading about like four or five thousand shares a minute and that number is likely to drop off before 330 so I'm gonna pass on that but you folks know I'm gonna put a firm On our watch list here. So AF RM gonna put this on our watch list here and the folks I Always like to teach right? I don't like to give myself the good pat on the back that what they call the Barry Horowitz the world Well with that AF RM 852 this morning. I gave you the playbook coming off of bad earnings I wouldn't be expecting a big squeeze on this stock I mean if it does squeeze look for the drop right a coming up bad earnings unless if the market's Completely flew up. I mean that's a possibility But you know hey, I was looking for the short on Peloton yesterday coming off of earnings that dropped off quite nicely and with that Why not look to repeat on a brand-name stock coming off bad earnings like a firm? So 852 this morning a firm strong monthly chart level at 28 75 I'll be following that heavily today. I ended up shorting right from 28 71 as my entry It was on a half-size position like 27 $28 stock. So I wanted to do a fold, but it dropped so fast I was like, all right, I'll do half. That's fine fine by me and then ended up dropping down towards 27 I closed out at 27 or shortly above that price. I was looking for the bounce from there I did take a small loss once it rebroke under 27 and I flipped my script I said, all right. Well, we're going short for the remainder of the morning here It looks like ended up dropping down really sharply. I ended up leaving a ton on the table I was not expecting this to drop all the way down to sub 25 at first. That's for damn sure So, you know, I could I could have done better on the morning trades I am in this position right now and I may look to even get out here because it did break if I'm not mistaken under 24 Oh, no, I am mistaken. So it didn't test 24 yet. Did it? All right So it dropped down to a low of 24 0 5 pulled back up a bit I have a decent entry on this still right from 24 67 on this entry that I'm in from right now It's been pretty good to me today. So even if it does squeeze up here It's not going to be the end of the world if I don't make as much on this one trade I wish I could say I got out right off the lows here at the time But you know, perhaps this makes a lower high from this point and looks to actually make the test down towards 24 So I'm gonna put this affirm on our watch list perhaps during this meeting You'll see me pull the trigger to get out on this trade, but you know, I'll definitely be rewatching it Relooking to or looking to re-enter All right, pays to know your levels folks. I'm at that actually, you know, what it's not just about showing off the call out there It's about actually showing you what I was looking for on that monthly chart So with that this ended up making a nice little squeeze all the way down towards a monthly close at 2370 right here monthly close from April 2370 following month the monthly 2870 2870 there Next month open 2874 and from there, that's what led to my monthly chart call out there It was holding pretty strong at least from this morning Let me flip this back to a daily here and actually in between. I'm just gonna pull the plug to get out of this Get the hell out right now Rather make a little money than no money at the end of the day on that one All right, we'll get back in on that trade if it gives me the chance, but let's see what else we could do here Yeah Dell on the losers list dropped off pretty damn nicely from this morning Wow missed out on the Dell short looks like and for what it's worth It's still pretty close to the low of the day right now too, right? It also is pretty liquid, you know a $42 stack. I'd rather trade a little bit cheaper But this is within our wheelhouse. I like this Dell trade here. Let's see it continue to make the lower highs It's been making and then to see the the break of support perhaps the test of 42 later on into the afternoon All right, there's definitely more that's down folks So if there's anything else that you see that's moving with the market and any respect that you would want me to look at Type it in the chatboard now. Let me know for Catherine here really briefly. I was gonna get to that chat. Thank you, Carol Catherine just log out log back in probably just a little like computer software glitch from your end But it should be good here Listen, it's a Friday in the end of August pre labor day weekend We don't have a whole lot of us on YouTube this afternoon and that's a okay But if you folks have anything let me know I may as well post my email here at the end of the stream Just right now any questions that you folks have you'd want to send over my way I wrote a few of us back over this week finally back into my normal groove after my move to Florida Even got this damn ring light right here. I don't know why it's so dark still probably just from the gloom outside in Florida today It's quite rainy earlier. Anyway, if you folks have any questions feel more than free to email me Josh at c2 trading calm You're interested in joining our live trading room Just go right down to the link on the yellow banner below right there to get yourself started from bill He says natural natural gas price comparison USA $9 and change Europe approximately a hundred dollars equivalent. I Haven't checked in on this of late or of the last few days But I ended up seeing that the euro ended up falling below parity with the US dollar From not mistaken. That's the first time since the early 80s. Maybe 82 that happens crazy and Just obviously with with natural gas prices in discussion as well, you know Europe is paying right All right folks. I think that just about wraps it up. Let me just check Benzinga Pro lastly I failed to do that there briefly here Listen the markets are dropping off So I'm even looking more on the loser side of my scan see if there's anything dropping off right now There are a few things dropping, but they're small cap. They're they're sure they're easy to hard to borrow It's been a long week. So you can't really look to short them Maybe grab GR a B, but I don't think it's gonna be a fast one Yeah, this thing's not really looking too great. That's all right. All right folks That's just about wraps it up here. Hey, listen, if you're not a trading heading into the market close Enjoy your weekend. We'll catch back here on Monday quick heads up. I believe for all of us inside the live trading room I believe Fausto mentioned this from the morning heading into next week next week. No phase 3 class We ended up actually pushing the phase 3 courses one week after so going into the week following Fausto We'll be doing his advanced class if the phase 3 stock course I believe we had sent out emails and we will continue to send out emails heading into Sunday You could also check our calendar day to day right on your student portal Like if you go on the Cybertrading University portal and click calendar You'll be able to see the updates just day-to-day yourself. So just keep that in mind tip. All right, folks I'm gonna post the list and we'll see what else is out there here heading into the afternoon I'll talk to you all soon. I'm a cyber group member today Just click the link below and receive all these amazing products and a world of knowledge for just $9 Do it today