 Happy Wednesday, everybody Good morning, everyone. Everybody ready for a little day trading this morning. Good to see you all on this lovely May 22nd Good to see you. Lewis. Good to see you Mike. Andrea. Good to see you Grant good to see you Casey. Look at everyone beautiful. Good morning everybody beautiful beautiful day here in New York Hopefully everyone's having some great weather where you are finally it looks like summer has arrived and Not too far from Memorial Day Memorial Day right around the corner everybody So I expected to be an exciting next two days and then I think it's gonna die on Friday So we'll talk a little bit about that Where is New York out of somewhere in the in the East Coast? Somewhere Descendant that's you know small old place Ken. I think you would live to your ones before that if I was correctly All right, so a lot going on this morning. There's been a lot of stocks You know not as great so far as a pre-market as I liked as of yesterday But we did had a couple of stocks want to talk about first of all but before we get started everybody just keep in mind that We did traders talk yesterday, so hopefully everybody you know enjoy that we always do that on a Tuesday and then we have the Phase one lesson three or four that's going on for today and then and at 12 o'clock. We are going to be doing a Open house so make sure you tell your friends to be there We always like to do that middle of the day and then once again Don't forget about to the wonderful Memorial Day that is on Monday So like I'm gonna repeat again, it's gonna probably be extremely slow if it's gorgeous here in New York I know if everyone's gonna be taking off here on Wall Street doesn't mean you still can't make money I mean honestly, I think some of the most profitable days are days on those because sometimes companies have to come out with news and sometimes the Advanced traders are not around so they just let things go Don't get too many shakes on it But so don't unless you really got plans to do something on Friday definitely stick around for it All right now Let's go through the watch list and see what happened. There were a couple of stocks that did move yesterday You know hold on a Rry was one of them This one I thought was probably the best one out of them all in a way You could see it how it came out right at a gate were from $20 and into about less than I don't know 30 About an hour it ran to about 25 great little nice little shake there around 22 They'll shake there and then popped again a rate just breaking all-time highs nice little stock right there And we had the BCRX Which also was pretty nice and then all of a sudden can I still a short Was not hard to borrow to so that was another pretty nice little stock right there too gap down Huge right there you could see it how it was at seven went all the way down to four and then just obviously just fell out of bed I don't think that's coming back anytime soon. Remember what I was telling you though Well pharmaceutical stocks. I say it all the time. They don't come back Okay, you don't realize how serious it is when a company loses a drug if this is all they're invested in it destroys them a couple of stocks also spilling spilling into this morning and One of them is going to go back on my watch list is the WKHS now that stock had a nice little move yesterday Some of you remember we didn't trade too long ago this is a stock went from a dollar to three dollars in one day was up about I don't know two three hundred percent and Workhorse looks like she's moving again got a nice little foul-stile flag picking up right there right now in the pre-market Getting nice at that buck 90 great orders out there on the level three look on the right just everywhere Nice little move there. So that one's gonna go going back on the watch list AR WR that's another one a dub AR WR that was a great pop early this morning I thought that one alone was probably the big winner for the day Just that one on pre-market. We pretty much done on that one the AR WR I think was just amazing, but um, but as we're going on for this morning. There are a couple of stocks that are moving Deb fine says tough little launches product with UK large home improvement and chain We'll definitely take a look at that. It was it was looking good from Grant on the WKHS Well, like I told you that's going back on the watch list looks pretty strong Grant and You know and remember everybody One share, I mean it sometimes, you know, you're looking at things You're looking at things you feel like you're gonna chasing it remember chasing is not always a bad thing Because you know yesterday, you know, and I had that great short in that stock. I chased it, you know 50 cents later just trade less shares. You don't want to trade a lot. Remember you're not here trying to kill it Dean we're gonna check out. Hey, that's on the the Targets also gonna be on my watch list and one of them actually have a very soft spot for is Nordstrom, I was tell my wife this morning's her favorite store and I said, what's going on Nordstrom? They're not doing too well. They haven't been shopping there lately, Sony. He says, no, why is this talk is getting crushed? But we're gonna check that one out in a little bit. So let's get our pen and paper ready. Let's start working down that list WLRX now some of these stocks I found really early this morning and Some of them kind of died out a little bit But the VR the VLRX right here gap the pretty nicely from 380. You could see it was a $25 stock stocks been getting destroyed. It's one of the only days she's been up in a while So looks like she's coming back and might be testing these support levels right around the five Well looks like it did test it actually right around there if it breaks it You know look for the stock to get around the six seven dollar price range, but stocks make a nice little comeback So definitely keep on I just thought I'm not crazy about the pre-market because it really looks like you know That's a pretty significant drop from 560 to $5. It doesn't look like it's really getting Having it's holding here strong. So probably need to wait and see the open what happens CO on CO DX is another one that showed up on the watch list box up 600,000 shares already trade up 26% the other stock that's gapping up a little cheapy, you know, you know Not not a crazy Stock right here, but some of you once again remember the stock we traded it back here The stock had that nice gap up one from $2 over to 360 and then came right back down We know she's got those really great short that obviously when I see that I know it's right away It's definitely got to be a short squeeze 99% sure those short squeeze But we traded that look back on your journals and see how you traded it TODA the stocks down 27% Looks like it's getting to the support levels right here. It looked like it hit it there yesterday in Pre-market and bounce right back up So if it holds here looks pretty good only thing got to be careful volume is to your size of very very low and Not a lot of orders out there. So That's something that is a red flag. Always remember that listen guys very important You know when we do phase one, okay? Phase one is so critical to your trading, you know, I had a conversation just the other Over the weekend some guy, you know, somebody was telling me it says, you know, why do so many traders fail? I said, why did he all fail? There's so he says because you know what I have to admit He said I was a failure. I said because you guys go out there and you kill it try to focus on a day's pay Okay. Well, what is a day's pay? You know, they don't you guys some people don't realize it that if you come from a hundred thousand dollars a year salary And I told you and I came back and said hey Would you like a secondary job that only works about an hour a day and I give you a 50% raise? Would you take it? Everybody's like, of course, I would that's not a stupid question That's stupid question. I'm gonna get a stupid answer and I like try to make 200 a day in trading 20 cents That's all you got to make on a thousand shares But the other aspect I was trying to get to is that phase one is so critical that sometimes when you look at Some of these big movers somebody keeps forgetting when we talk about the three L's You know, I mean the three T's tradeable trend and trap If it's not tradable, you can't trade it You know, it's part of the most important rule. Everybody thinks they could trade something doesn't mean you should because you can't It's got to be in the first T So hopefully you guys been really taking advantage of that first T in the tradable rule and a lot of these stocks when you hear Me talking about a pre-market. I mean, we're just here trying to bang them out pretty quick But when we spend that time in those phase one class that beginner kindergarten class Trust me It's not kindergarten if for some of us when you don't even know what a tradable stock is and remember that alone is about half the Failure rate so anyways, I just want to kind of throw that in there target Everybody's talking about the target move targets get taking a little bit of a hit. You know, I mean up a little bit You know, listen a lot of lot of though the retailers the brick-and-mortar's came are coming out You know, like I said Nordstroms came out today taking a big hit But some of them what was the other one we saw yesterday our coals got crushed So, you know, it's it's weird because you think one will spin off the other But looks like they're all running on their own on their own news So it's not more of an industry mover. The target's doing pretty well. That's pretty that's pretty good I would always expect target does well BSTG actually, it's probably the most telling you about yesterday about about coals I mean, I'm a target fan. So I would always go to target instead What was the other one that I had here spelled this one wrong? ESTG That's the one I doing Oh, that's why my keyboard is not cooperating Yes EG there we go. All right. So this one's taken a very big hit down about 20% 200,000 chairs light on the tier sizes But on it looks like it's testing support levels right here kind of bounced it from from yesterday You can see it went around around $16. You can see there's some nice orders out there That one looks pretty good. You could see it on the long-term chart pretty much testing there, too Your source storage Don't know what that never shop there, but doesn't mean I won't trade it Nordstroms here it is. So Nordstroms took a huge hit Now I was going back on the time frame on the stock and it was look at the stock was a $70 stock I went back over to 2009. I mean, there's definitely support levels. I mean you could see it I mean about here in 2009 there's support levels But and we are testing some support levels right around here. So listen Nordstroms I mean look at that that thing just dropped and never really came back. I mean that is a pretty nasty stock. Listen, I Got a soft spot for Nordstroms. My wife loves it. Does it mean that I wouldn't consider shorting it, you know So anyway, sometimes even the best, you know, the brand name Stores out there are also taking a hit. So that one will keep an eye on it What else we got W big list here today, by the way, so we got the WKHS You already know about that one You could see it's starting to build a little bit of phallus to flag just checking it We just sort of buck 90 started going up a little bit Se's another one that's gapped up to up 17 percent Very light on the tier size on level three though But is breaking all time highs 52 week highs nice little stock right there and then the AXPs another one We'll keep an eye on that one too. That one showed on ups wrong one EXP scratch that that one came from Oh, I spelled it wrong A V a VP. That's what I meant by I Left-handed my left hand kind of like messed up my writing there This went up about 1.2 million shares in volume up 16 percent great volume everywhere. Look at 32,000 share buyer That is what we call a k iceberg orders. So that's what we're looking for Yep mark. That was the one. All right guys. So pretty decent list here Typically normal Ken's already up 20 cents on VLRX. All right way to go Ken. Always nice to start the morning that way Give him a round of applause So anyway, so there's a list pretty big decent list going into this Wednesday, but remember It's perfectly more normal. This is hump day Tuesdays Wednesdays and Thursdays are like this So let's keep it will be careful on Friday So don't forget guys a very very busy day today with a lot of stuff going on You got phase three phase one lesson three and four. We got open house today live trading with Fausto So we're going to introduce everybody to the trading community and then Markets closed on Monday and then next week. We got another presentation and investor inspiration. All right guys Good luck today. Happy trading. We'll see you back. Not if you're not in class. We'll see you back at 230 Good luck everyone. Happy trading