 All right, what is up Sabra traders welcome on back here this Wednesday morning here this October 5th shortly after 9 a.m Eastern time Welcome on back here for our morning meeting. Let me get the cam up here. Great to see all of us in social media And great to see all of us back inside the live trading room Grant Patrick Jean Glenn Egan Henry Phil Jim and all of us Otherwise live live right there perfect. So folks nice runner to begin the morning here that kit trade KITT I squeeze up, but be careful. This thing is really low float about 14 million share float It's pretty low with that in mind. So that you know, just I would expect a false breakout a pullback prior to the market opening Thankfully, it hasn't done that just yet. I know a couple of us jumped in and out for about 15 20 cents on a scalp But yeah, I mean that's where you got to be careful get in and out quick if it moves up higher Perhaps there's a chance where you can get back in and reenter But if you're too timid or intimidated to jump in or I find whatever you took your money in the morning in the pre-market There are a couple of other trades early on this morning, too There were more like level one or level two. Thankfully now the order book on this is filling in a lot better a lot more Comparative to the initial pre-market pop. So there have been a couple of days I reckon where the stock traded like three and a half million shares 1.7 million shares It's already trading for this morning. So at what point does this stock exhaust out? We'll see what happens. I would expect definitely a pullback prior to the open if not right when the market opens up Just given the daily chart given the volume. It's traded already. It's already up big 61% At least there's news out on the stock. So, you know, thanks to Grant We ended up seeing the news out on the street and I'll get the official headline right now. So Nordicus Robotics announces additional contract award with the US Defense Innovation unit for an autonomous amphibious robot little tongue twister there here on a Wednesday morning No terms disclosed. So with that, you know, hey, nice squeeze here to begin Let me see if I have my level four open for this trade. I think I do It's actually been a pretty interesting pre-market morning, right and not too surprising giving given a Wednesday mid, you know middle of the week But with that though, like you can't guarantee a perfect, you know Active pre-market if anything it might be calm before the storm But with that though this kit trade one of a few different stocks that ran early in pre-market here So, you know, it looks like it ended up just beginning to squeeze back up and over five Not a whole lot of volume initially on the s there That's where I was expecting a false breakout But from that point the more it needles that resistance breaks above it, you know There's a couple of shakes, too It's so you might get stopped not stopped out But you might end up, you know going break even or taking a tiny loss in pre-market But the more it needles that level you should get that proverbial big move So thankfully this is now beginning to make that move that run off of five But just be careful, you know, that doesn't guarantee continuation right away on up to the next whole number here So, you know, if you happen to see resistance join the ask here I see an order on the bid get filled and it really gets broken through That's the beginning of a real severe pullback So, you know, the kid trade just be careful on but looking pretty strong so far here for this morning Um, I'll tell you why I have while I have this up may as well just jump around here Why not? So the pegy trade was another one early this morning after seven o'clock making a big pop Ended up giving us the high or high going into the eight o'clock move You know, hey listen, there are some trades in pre-market where it's a lot more Volatile a lot more illiquid if anything to to really trade, right? I know not as many of us look to trade in pre-market and if you do trade in pre-market I know that you're trading less shares because I normally do depending on the stock mainly, but you know, if this pegy Not only is it inexpensive But it was really liquid out the gate, you know, the kid trade was not as liquid out the gate now It is but you know pegy out the gate the order book was very, you know filled in penny spread couple cents spread at most And it ended up re-breaking above the two level here off the eight o'clock This was an easy entry actually right off the two level and then from that point ended up running up You know 20 25 cents or so so a nice start on the pegy as well for the pre-market trading session here Uh, we'll jump back to my regular screen in a moment, but I'll put this on our main watch list at least for right now This and that's so much so this ended up making a bit of a squeeze up I took a few trades this morning here myself I ended up jumping into the vev and then I'll jump to the next the next stock here in a moment But vev is the one I took a small loss on I was looking for the break over the vewap And perhaps I should have followed this instead of my trade station platform because if I jump back to my trade station platform I believe that was right off of like 163 Here's the kid trade still pushing up pretty nicely there. Uh, that was the vev trade, right? Yeah, at the time it was like 163 162 even so you could see it was teetering around there just earlier, but even beforehand here off eight o'clock I was looking for that similar pop that the uh pegy had off the vewap here on the vev trade So just didn't get it a little pop over it and then from there pulled back So it took a two cent loss I knew what was going to happen if it was going to make that big move for me And then even afterwards it ended up just trying to retest vewap and then it was just false breaking it If it's not going to make that big move going up Only one of the way it's going to go This stock definitely trades some low volume day to day So that's where you need to really be careful on that's what I was kind of focused on when I took my trade I was like, hey, geez this stock trades like 130,000 shares 23,000 shares back from late september on this one day That's just garbage So, you know, if it's not going to make that move that you're looking for You don't want to be stuck on the wrong side because this is now likely to be a continuous dump off You know for right now, I mean certainly I mean 150 technically is your next support level But other than that, I mean, I don't really see much from book map I'll put this on our list, but it'll be like kind of like at the bottom if anything just you know on the tail end All right, so those were like three stocks at least that we had followed early this morning in pre-market I'll bring open my book map if I need to just coming up Oh, that's right Let me uh, bring it back up Actually, I wanted to show you the other stock that I was trading and this one actually ended up giving me a nice little Profit to begin the morning made a nice nasty shake back down though right grant the bingo stock I was calling this out right off the v-wap here. So afterwards I'm flipping back to my book map and you know I saw the bingo trade begin to squeeze up already above the v-wap here It was retesting it retesting it throughout the morning So you know goes to say what I'd mentioned before on the pegy and others like the more needles that you know Thread that resistance line you should get that move. So I jumped in right off 229 It was off to a great start and I scaled out half right off 237 And then from there it made a nasty shake down thankfully I got outbreak even thankfully it hasn't dumped off just yet But that was a that was a pretty wild random shake there came out of nowhere I don't even think there was a big order that got filled if anything this order may have gotten mainly pulled But nonetheless pulled and then a big order showed up shortly after It hasn't really done much since the bingo trade bngo We've done well on this trade back from the pandemic back from you know early to mid 2020 And on you know off of news we've traded this stock in the past and I think there was news out on bingo Let me turn back to that now here There's the vev tanking but uh bngo I mean we ended up doing well on the trade but even from yesterday There was some news that came out on the stock didn't do a whole lot from that point now It's making a nice, you know a little push here early this morning So at least given the activity, you know again, I'll add this to her list Probably be near the middle near the bottom by the end of it All right, uh, so let's go from top to bottom right now folks current time 908 eastern time I always like to you know make sure that we have enough time to prep our charts Make sure that we're good to go prior to the opening bell All right, so let's say it's top three. We already covered right and top four and this one's cheapy So we're not going to really look to follow that shph this one ended up looking pretty good early prior to the eight o'clock move and since the eight o'clock move garbage so Uh, you know, I'm not as likely to follow this now. It's just trending down really sharply You know, it's active. It's up big. Don't get me wrong But direction factors into this trade heavily and liquidity too You know aside from what you're seeing here. This thing's on a giant Spread otherwise All right, so with that let's keep on going The tops trade another stock that was you know a big tease from the last week or so Thankfully yesterday it ended up leading to a nicer run ended up making this big pop mid-afternoon right from like 385 380 ish up over four I mean took off right away But um ended up building support mainly right broke back over five from that point moving up a little bit higher Got pretty shaky around the sixth level here heading into the uh afternoon meeting and afterwards So, you know, otherwise aside from this one pop. I mean, I think this may have even been after hours Yeah, so this didn't really do a whole lot for us here in the afternoon session But our late afternoon session early on it ended up making a big move up Uh, just given the activity here. It's up over 13 percent at least still from the close We we could put it on our side list. It's been more of a tea stock than anything So nice run yesterday, but uh, you know, we'll see what comes of it if if if anything All right, so bingo. We already have on our list. We keep going down here for right now You know market was dropping off a little bit early on this morning folks, right? So, you know, we'll take a look at the spy likely by the end of it all We have the inverse ETFs on the gainers list like sqqq spxs All the others we're not going to really look to harp on them as much maybe uv x y If if that All right, and that's like also below 5% anyway, so that was actually short work of the gainers list if anything I'll take a look at benzinga pro by the end of this if anything. Let me just jump to my scanner section first All right, let's hop over to the loser's side now see if there's anything that's looking good as a short Uh, you know, whether news came out on the stock or not. I mean, obviously a lot of the top percent gainers from yesterday AERC snti Probably keep going a little bit here fngr that that tanked from yesterday to begin But you know a lot of these runners from the past few trading days or so are now on the loser's side big So i'm not expecting them to make a big dead cap ounce just yet if they do after the open we'll call it out But otherwise, you know, we'll pass i'm telling you after this Freakin hurricane hit my lights have been like flickering non-stop. So if you ever see that I gotta get that damn thing fixed. I've been like lazy after the market closed to call to call up All right AGQ let's see what we have here just a spotty chart for right now It looked good at least in terms of volume price down big shortable But chart there's like, yeah, not much activity there All right, what else we got here folks before my lights like flicker out Let's see so excel again etf not as jumpy to follow that Well, we'll take a look at just some sideless stocks. I wrote that in the trading room earlier today I gotta delete these damn lines. You're coming up. Pardon me there Mara is hard to borrow. I mean don't get get me wrong if it's easy to borrow on your end That could be a decent short should the market drop off further Riot same deal. It's actually hard to borrow this morning on trade station for me. Normally easy to borrow Neo dropping off a little bit only down 0.3 percent. You know, it's good sideless stock I haven't even prepped up the neo chart just yet myself Perhaps I will but um, you know either way. I mean just a sideless stock Not fully in love with it just yet American Airlines down over 2% right now. I mean that's making a better drop off currently in pre-market. That could be a better short NCLH and O'Brien was following that from yesterday down over 3% He was expecting the pullback. So he took his profits from the morning Uh going into the close. So there we go. Nice call and with that I mean, hey, perhaps we'll see a nice drop off once again on the NCLH trade and then from there Maybe a dead cap ounce but um, you know NCLH looking relatively active. I wouldn't mind like, you know, putting this on our list here John talking about the kit trade. Oh that ended up making a continued move up to six, but Not a fan of this wick here. I mean, this is where I say be careful to pull back now Then I mean we talk about this in class where no just shortly after nine o'clock If the stock doesn't begin to continue or if the stock doesn't continue to move up It begins to stall out or otherwise makes a pop and drop You got to begin to get out like roughly around that 9 10 9 15 time and At least now it's beginning to make that sharper drop But this is likely to continue to dump off here at some point after the open So you got to be mindful of that nice catch from John though inside our live trading room All right, uh folks, let me know if there's anything else like side list wise that would be good I mean, I'm looking at amd even I know a little expensive, but very liquid trade It is shortable dropping off a little bit I mean that a whole lot happening otherwise Checking benzinga pro right now right now. Let's see Ccl I down over three and a half percent cruise lines seem to be most active if anything You know what? I might just pass from putting anything like on the main list You know, I'm gonna say the cruise lines if anything after the market opens from the side list The ccl's the rcl's nclh is out there All right, those seem to be the best at least Oh nice catch from phil also one of our longtime students phil m Got about 15 cents earlier. He pulled out right off of a 440 ish from 429 entry All right, excellent. All right, so folks Let me know if you have anything else on social media facebook live or youtube But otherwise, I think that we should be good to go again. Fausta is going to be out the remainder of this week It's he's now recovering he's back home from the hospital had his big operation yesterday So once more if you want to show him a little love feel free to send him over a quick email Fausta with ct trading calm But otherwise any questions I always like to post my email here at the end of the streams myself For all this on facebook live youtube josh at ct trading calm is my email any questions thoughts or comments regarding these meetings Our callouts or watch lists any anything else that we tend to do here on a day to day Let me know Otherwise, if you are interested in joining our live trading room Just feel more than free to go right down to the link on the blue banner below the stream Just to get yourself started But for Kathleen john grant phil michael ray glenn egan dan etc I gotta refill up on water did pretty good there, but otherwise we should be good to go for the market open folks talk to you soon Come a cyber group member today Just click the link below and receive all these amazing products and a world of knowledge For just nine dollars Do it today