 All right, Cyber Traders, good morning and welcome on back here this Thursday, May 12th. Shortly after 9am Eastern time, great to see Henry Skip, Mario, Wendy, Amy, Ray, Charles Norman and all of us live inside the Cyber Group Trading Room and for all of us on social media, Facebook Live and YouTube. I apologize, he got me for one more day today. I think I miscalculated when Fausto would be coming back. He ends up doing red-eye flights when he does these trading conventions like the Money Show and all of that. So I thought he was coming back the night before coming into today but even if he did red-eye heading into this morning, he probably just was so tired and just ends up just going to sleep crashing and deservedly so takes the day off, right? He deserves it. So great to see Ray, great to see Patrick Ronald Trinia as well here live inside Cyber Group. So folks, let's opt to it here. Not a whole lot happening so far within pre-market. If anything, I'm really like hoping for a pop as we're talking like literally right now at 9 o'clock, I'm like really hoping for a big pop on something that just is moving right now off of news. Because we haven't had much so far in pre-market, I put four stocks on the pre-market watch list here so far and I put the list out pretty early. So right now one of them at least, CGEM, is making a pretty nice push up here, right? It's got thin volume on the book, albeit I think it's starting to fill in a little bit more here heading into the market open. The spreads were a little bit more wild and even thinner volume out there on the book from what you're seeing here. So right now CGEM, we'll just put it on our main list here to start. I'll break out Benzinga Pro here, I'll break out the news here really briefly just to kind of explain why this stock is up as much as it is, right? I mean, we got the time here for right now. Geez. Oh man, you know it's a bad day when there's like no news out on this trade it seems. I don't have any sort of news out on this stock from Benzinga Pro, sometimes they'll just say that there's no news to justify the price action and that's what's happening here. If there is news, they just don't have it but they're usually first of the punch. So whether there's news out on this stock or not, I was hoping to at least provide some clarity there but we'll at least put this on the main watch list to start. Now I'll provide clarity with the order book if anything. So we ended up seeing some orders out there right around $9.50 and right around $10 bucks again albeit not big. This stock is some pretty thin volume out there on the book just earlier at $9.50 and at $10 bucks. Some resistance showing from the heat map but when you look at the order book there's only about like $2,000, $2,200 shares there, $24.10 that's not really that big, right? That's not really a big order. So I can't really put that much weight in that acting as a true top. You know granted it broke above $10, came back down on a false break but yeah I mean heading into the market open we'll put this on our list in hopes of a higher low and then for a squeezed back up to resistance here. But if it fails to do that, oh I don't know maybe they just listed this as a hard to borrow right now. I thought it was easy to borrow throughout pre-market. Maybe I'm mixing that up with the CP and G trade. Perhaps that's the case. I was able to short this if this failed to push up but nonetheless hard to borrow actually in my platform but maybe it's easy to borrow for you where if it fails to make that higher low and fails to run back up later on, perhaps it could be a pretty good short. But for right now we'll at least just put this on our list in hopes of another run up. All right so I'll tell you what folks market is down. Dow futures are implying an open of down 110. Not looking pretty out there. In fact actually with crypto and the Bitcoin world out there pretty scary seen out there right now actually I think stablecoin tether let alone stablecoin you know Terra stablecoin at least. But tether stablecoin just this morning ended up depagging from the dollar briefly and that's not a good sign. So if we happen to see continuation with that that's going to completely crash crypto in my opinion. Bitcoin is going to drop off a lot further from what it's even doing right now and that alone is going to drag the market down with it you know the S&P and the Dow and alongside that it's just to say that markets are down so much stocks are breaking below historical support levels like Apple yesterday at 150 I know Bill was talking about that inside our live trading room. So that also kind of weighs down the market entirely itself. So we'll try and look for a couple of squeezes that could go against the grain hopefully a nice pop here as we're talking like I'd said but hey it's going to be another short date it seems folks. So for right now we'll see what we have on our watch list for right now I know for any of the other movers that we ended up trading our calling out from yesterday we'll jump to them if we need to I know VERU at least is on the loser's side heading into the market open. All right got a couple cheapies here on our gainers list to begin ALNA just you know hey ended up running up earlier in pre-market here it seems or even from yesterday I don't know but not really doing a whole lot right now MITO same thing you know just kind of inching up a little bit I guess but just you know cheap stock I'm not really too thrilled to follow a stock like this for right now the CGM trade it's on our list already that looks good then RIDE all right so RIDE is actually getting a nice little run up here ended up showing some good prints coming in off 178 actually very similar prints to what you're seeing right here at 184 you know equivalent 50k prints filled at 178 earlier and it ended up you know holding as you know support pretty nicely from that point and ran ran up from there along with that we also ended up seeing a pretty big iceberg order that popped up on the bid I think that was at 73 let's see he ended up just polling right now let me just show you that on level 4 so these are the prints that came in two equivalent 50k prints total up total up to 100k at 178 and then from there once it rebroke above it it held it as support but no we also had this big 152,000 share iceberg order sitting on the bid at 173 he ended up just pulling his order right now so I'd be a little careful on that I know certainly he could reemerge up higher and look to squeeze the stock up even more heading into the market open I was most interested in this RIDE trade going into the market open today and it was pretty flat throughout you know a good portion of the pre-market so I wasn't really like too happy to see that but it's a stock that we are familiar with inside our live trading room it's a stock that also is you know pretty liquid for the most part you know it ends up trading off trading well off of news I believe it's an EV affiliated company you know it trades kind of similar to workhorse WKHS if I'm not mistaken there so the news out on RIDE Lordstown Motors looks like they ended up entering into an agreement manufacturing a supply agreement with Foxconn I don't know the terms and conditions for it but you know hey at least little good news out for RIDE here this morning getting a nice squeeze up from the after hours yesterday yesterday and then right now at least making a good push so again just keep a good eye out for the iceberg order popping up on the bid it was for about 152,000 shares so you would see it if it pops up coming up here on the like the the matrix here in blue all right so we'll put RIDE on our list this looks good alongside the CGM trade at least all right CPNG now this one is the one that was easy to borrow shortable right it's not really doing a whole lot right now it's actually pretty flat for the most part so let's just check the news out on this stock is it a buyout I'm afraid of seeing I didn't check the news on this when I put this on the watch list at least the pre-market list so no buyout looks like it's just better than expected quarter one EPS their sales ended up missing but you know the EPS ended up beating that's the headline on it all right you know it looked like a buyout kind of flat and you know if it's a buyout officially we weren't gonna put it on our list whatsoever but yeah right now it just is like kind of dead but you hope to see like a bigger better move after the open but again this one also is easy to borrow hopefully it's easy to borrow if you're not on trade station but you know it's to say if this fails to break higher if this ends up making a lower high and comes back down breaking support all right well we could have a nice short on our hands here right so no we'll respect the uptrend first how about this really quickly I'm sorry I stumbled a bit just a moment ago I got thrown off but one of our students Bobby ended up giving us a little news here on CGM C G E M looks like they ended up agreeing to sell a subsidiary to another pharmaceutical company oncology stock it's gonna develop non small low non small cell lung cancer drug all right well Bobby I appreciate the heads up man thank you very much for that I wanted to jump to your message just to see what the image was there so that was the news on this stock C GM all right let's see what else we got here Bobby I gotta say I gotta subscribe to you instead of Benzinga Pro all right let's see what we have here TPR not a whole lot happening there all right let's hop on over to the loser's list not a whole lot happening really on the way up right so no we always have to just start off on the gainer side first to begin but on the losers list we got a few stocks down big including beyond meat so we'll start off at the top here bros bros down 37 plus percent I'm assuming this is like you know earnings related news yeah worse than expected quarter one EPS they issued fiscal year 22 guidance below estimates so that's always the bigger talking point when we talk about earnings reports here you know it's hard to borrow my platform but if it's easy to borrow on yours right away this should go on your watch list and I'll put this on the main list here you know it's just active enough and if it ends up failing to break lower then hey I'll be able to trade it on a dead cat bounce so you know definitely we'll put bros on our watch list now the beyond meat trade I think the same as to be said they ended up having bad earnings as well so they had the fake news report with McDonald's like a week or two ago I think we ended up trading it here off this like huge volume spike day here popped and dropped and it tanked afterwards so yeah it looks like beyond meat trading lower after the company reported worse than expected quarter one EPS and sales results and then a bunch of downgrades from analysts like Goldman Sachs Piper Sandler all right well again another one down big you know it's hard to borrow this morning for myself it's normally easy to borrow but you know I had checked to see if you can get shares at least but yeah beyond meat right away we'll put this on our list I don't have level 4 up for this trade though so I apologize for not showing you know level 4 for this or the bros trade you know likely likely level at 20 19 whole numbers but going into the market open at least and afterwards I'll type out the opening print for all of us live inside the cybergroup room you know that's one of the biggest levels to follow for any trade so especially for a stock coming off of like news and earnings like beyond meat so see what this could do all right VIRU VERU ended up making a nice drop-off heading early into pre-market and then spike back up after eight o'clock so I don't know what the news is on this one as well is it earnings let's find out it is they ended up missing the estimate on the EPS and then their sales ended up beating but you know there's there's probably more to it than that but nonetheless at least you know VERU it's down like nine ten percent you know it's just trying a lot of volume in pre-market so I could put this on the list if I really wanted to but I want to make some room for some like sideless stocks that could be dropping off pretty nicely or maybe squeezing back up you know I haven't checked in with the market since we started this meeting so maybe there's a bit of a bounce back up you know we'll take a look around and now futures down 114 119 120 so slipping off a little bit from where we had started actually coinbase you know hey for as much as this dropped off early in pre-market squeezing back up a little bit here but this is likely to move with Bitcoin likely to move with the market all together like the combination of the two so you know stocks like coinbase stocks like Mara right you know even if the markets hold here like major US indices and if Bitcoin crashes because it's because tether is becoming deep-hugged from the dollar is starting to then it's to say that coins likely to show weakness with Bitcoin so you know hey we'll put this on our watch list this one actually is easy to borrow my platform so I'll be I'll be able to short this if anything I don't think that there's much else that's like a familiar name here on the loser's side I'm sure that there's still some stocks that are down like you know three four five percent so take a look at my lovely Neo trade I love trading Neo but man it's I mean it's showing a lot of volume you know it's gonna have a liquid book after the open it always does but you know it's like a little choppy here it's starting to eke up a little bit but I'll tell you I didn't even prep this chart up this morning so for all this live inside the trading room just goes to show like I really stand by my word here you know if there's a stock that isn't really looking that great as a trade in any direction if the levels aren't as easy to read then I'm not gonna be as inclined to try and follow it so there wasn't really a whole lot that really you know thrilled me in any regard but you know Neo here I mean I'm sure I'll call it out at some point after 9 30 but you know right now it's just been pretty choppy so I'm not really too interested in it AMC AMC is looking a little steadier actually in direction AMC down your 4% trading 820,000 shares breaking below major supported 10 you know hey I could put this on our list here you know AMC looks interesting draft Kings AMC showing a little bit better direction at least in pre-market you know draft Kings tank heading into the afternoon so no that could easily continue from that point but AMC looks pretty interesting let's see what else we got at least from the airlines and cruise lines American Airlines down a tiny amount here you know a little spotty chart not a whole lot happening there same with NCLH check out like an oxy here like an oil stock you know spotty for a $59 trade all right tell you what not a whole lot that I'm really thrilled about here from the side list altogether from YouTube mark asking us here off topic subscribe to level three yesterday having serious issues with the login mark if you are a member of Cybertrading University just make sure that you either join us inside our live trading room or you could email me I'll post my email address right here and you know if you send me a quick email be able to write right your back alright Brian says coinbase short looks like it looks like it Grant says right at 187 Michael says Ford down 5% so we'll take a look at Ford I did see Ford on my Benzinga pro like from the corner of my eye just earlier but I didn't call it out so yeah it's grinding on down and you're right it is down like near 5% right now so this looks similar it's like a draft Kings looks similar to an AMC perhaps I think out of everything so far that we've looked at like from the side list AMC would be the most appealing and in terms of just direction looks a little bit sharper on the way down more convincing RIVN from Karen up a little bit you know hey this I could put on our list not because it's up or down a lot but you know just to say it's been volatile over the last few days volatile in a good way so you know so long as it could remain liquid then it has her interest right I'm trading nearly 2 million shares in pre-market I think it's still breaking all time lows here as well so just be mindful of that you know what I'll slip this on our list in particular kind of be towards the back end but in in the sense of the market making a potential dead-cap bounce and when I say that I'm not holding my breath waiting for that dead-cap bounce folks I'm just like you know realistic as a trader and human like you know hey if the markets don't drop off here today and we get a little bounce then guess what for as much as RIVN squeeze down I'm sure this will be like one of the bigger squeezes back up so that's something to you know think about potentially so for right now I'll put this on our list in terms of that but hey if you can get shares to short this and the markets continue to drop off or this specifically drop so often no then obviously then you look to try and follow it on the way down right alright folks I think just that that just about wraps it up for me here it's very interesting when I do the afternoon meeting I'm like you know dry mouth I'm like already shot from the day of the morning is I'm good to go but for office and social media I appreciate you once more sticking with me here for the morning I know that I tagged in for 1 more time today I believe you should be back tomorrow officially I ended up miscalculating that so I'll be back here for the afternoon if you have any other questions feel more than free like I had mentioned to mark on YouTube to just send me over quick email joshc2trading.com that was not the comment I was looking to post there we go joshc2trading.com or if you wanted to join us inside our live trading room feel more than free to go right down to the link on the blue banner below right there on the bottom of the stream to get yourself signed up but for later for Nina for Bill Michael Norman Karen and all of us live inside the trading room give me about 12 or 13 minutes when we refill up on water then I'll be good to go here for the opening bell I'll talk to you all 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