 All right sever traders welcome on back here this Wednesday May 3rd Hopefully my audio is better this time We're good to go at least inside our live trading room Scott John Sam Roger all of us joining us there All of us joining us back on social media Facebook live LinkedIn Twitter YouTube the works I was good to go tagging in for Fausta this morning I was saying that from yesterday the bad audio fixed it should be good to go now great to see all of us though Otherwise great to have this IMG and trade back up and running again. I'm in this trade from 1150 So for right now, this is a phenomenal runner here heading into the afternoon We're hopeful to see this re-break above 12 and now that it did Let's hope this to really run up higher now at this point 12 is a historical level We're following back from the weekly chart that was back from 2018 Really throughout the day the stock is playing off the whole number of levels pretty nicely albeit though the 1150 was a Specific level we were calling out beginning from pre-market this morning So there's a lot of levels to focus in on with this stock I mean like we just said the whole numbers out there, but from pre-market at 9 a.m. Eastern shortly after there was a 226,000 share print that was filled they on the bid But that was at 1150 so with that it led to a huge pop-up shortly afterwards a drop Then a pop we traded this all throughout the morning But then just recently it held over 1150 it did a really good job Actually, I jumped in right from here at this point been in the trade for a little while now Almost got stopped out here actually but you know hey at this point as long as you set stops that are pretty tight Worse that happens is you take a small loss or you go break even and all right Well, maybe you can get back in on the trade after maybe there's another trade you can get in on So with that I'm fortunate to say the cookie has crumbled well on this IMG n I could still shake back down. So I hope that doesn't happen during this meeting But either way I'm gonna put this back on our main list Certainly as long as this could remain over 12 year in really good standings here because again I mean 12 was just the historical taken from the weekly chart 1150 is my entry So got some good cushion room right now for this trade, but I want to see this run higher sooner than later Of course, we're coming off the Fed meeting that concluded at two o'clock folks I know that Powell's on right now, but basically the Fed rate Fed rates are being hiked again I guess there may have been some talk about what's happening with all the banking, you know crisis going on here That perhaps there was a thought of them Saving the next hike up until late June July time right that was not the case now What's gonna happen is we're gonna see Powell come out with a bunch of different comments that will affect the market So we'll take a look to see what the spy is doing just by the end of this meeting Let's go right from top to bottom otherwise though I mean really outside of the FOMC meeting concluding we've had a bunch of these crazy stocks Not even IMG and this was actually like a normal stack for us on this morning, but I'm talking about like HCD I Right now the stock is halted again It's up 133 percent Unfortunately, this is not like a great stock to be trading and unfortunately the team of today outside of IMG and outside of the Fed Meeting is these pump and dumps GDC ACG N SNTG APM I could probably keep going through top I mean this above all this number one we should not be trading looking at how big the spread is right PII I was catching up with an old friend just earlier I was showing him this it moved up to this big iceberg order at 305 this PEE triple I trade Well for as much as it pumped up already to that price. Yeah broke above it by a bit, but No surprise seeing the end result after it was a false breakout But the stock dropped nearly a full buck back down after so, you know, you don't want to get stuck holding on to these trades You don't want to be stuck on the top of the roller coaster on the way down So with that IMG and still gonna have on our watch list everything else though like a giant dud so far See what else is out there here though MR SN It's kind of near the high still I'm really not particular about this stock not because it's untreatable not because it's like on a bad spread or any of that It's near the highs But look how unreadable level four actually is here. I mean, yeah, it's got a tight spread, but I mean if you could read this better than me and I'd be impressed because this is impossible to read not just I'm saying I'm good or no This is like mission impossible here. I can't pick a level out for the life of me on this Maybe the red dot that came in 1.7 million share fill. I that's that's something there, but Otherwise, I mean again, I'll pass on this for right now if this makes a pop by the end of the meeting I'll look at it, but I'm not expecting the book map to be any prettier looking there All right, we keep it going really otherwise I mean again the markets reacting coming off of Powell's comments that he is currently making I always have a little competition here at 230 Eastern Man bunch of cheepies here 28 cents 46 60 cents. We're skipping those. We're not trading those really Ht now this stock we've traded in the past like once or twice before You could see from the weekly of the big drop that this had back from 19 into, you know Pandemic and after so we traded this it was more during the pandemic around 21 or so like probably I think it was this spike Up here and the stock had to have done a reverse stock split or like for over the recent like months because this was not a $2060 $70 stock back then so it was likely based off a reverse split Right now. Hey, I like the fact that it's at the highs I kind of feel like it's gonna be the same thing as the other one as the MSg entry as far as how ugly It looks on the order book. I'm not fully committed to this just yet Actually, I mean it looks good looking at this regular chart, but Let's see if there's anything else just looking stronger on the way up more making a sharper push UIS Buzzfeed they're going out of business All right, so there's definitely a lot more that's up percentage wise folks because like number 50 is up 15% So I'm I'm gonna need your help for later Michael John Scott Brian Bell and all this here Otherwise, let me know if there's anything that's looking good on the way up here Because I don't see a whole lot here on the gainer side. Otherwise got a few to begin You got the IMG and at least that's definitely on there. We'll check in on the other side the stocks just in a moment Yeah, that's really all I see so far. That's fine. That's fine by me I mean if anything I guess the one I skipped over I saw it just a second ago I saw the price and I'm thinking maybe it's popping now Not popped from earlier GNS. I actually missed it. All right So last I recalled yesterday this stock was at $1. I saw on the price column there is that 112 I was like, oh, maybe it's pushing up. I actually missed the move up from this morning. Believe it or not So yeah GNS the stock you're not looking too tempting for the close at least just not yet All right, let's hop over to the loser's side here seeing if there's anything looking just as good if not better a Whole bunch of crap. That's hard to borrow a lot of stuff down big So I am trying to kind of look at them quickly seeing like oh, is it like liquidity is it is it liquid enough? Is it you know within our price range? NRDS easy to borrow at the low of the day down big but on tooth in of an order book right now for my liking Especially coming off the Fed meeting, you know, it's not like all of a sudden, you know Everyone's back at their desk right now trade probably tomorrow morning will be a pretty interesting morning altogether. I'd say Probably Friday this week just to wrap up All right, so I'll tell you what folks. It's not me really being lazy I could just tell there's not much here that we've looked at so far not much else on the gainers or losers lists here That we could see that look good if there is anything type it in the chat Definitely, let me know latest saying GDC testing six if you're looking to catch a falling knife perhaps but This is not really the trade. I'm looking for you got to find a stock near the highs of the day right now Or near the lows if it's gonna be a short Sam check saying to check out EYPT That was perhaps from a bit earlier and I saw that before I kind of moved away from it quick Does have a bit of a spread there Sam. So you are correct with saying that John s saying AI Hey, it's tradable. It's up over three and a half or three plus percent near the highs. We appreciate that part of it, right? Let's see what else is out there first. It's it's not a bad one But you know, I want to see if there's something more liquid perhaps Tighter spread perhaps, but the fact that's moving up and at the highs John I do appreciate John s and then John G. I was going from bottom to top now going to John on FSR Yeah, I mean, hey, this is up a decent amount today. It's just so slow, right? Had a big pot from last week that that's what I recall in this trade. So it had a huge dump off after I Mean if it pushes up higher, I'm sure you're already in John and I'll read it on it's very tradable by all means But again, so far nothing really standing out too much to me here all together The only one on our main list is that damn IMG and that's it Let's get in the job done. So if that's all we need, hey, I'll take it. I'll take it if this is all we need It's holding over my level now at 12. So that's looking pretty strong. I will add a HT now at this point on our main list It's up a lot. It's at the highs So I'll add that and then the the wacky MR SN It's actually popping a new high as we speak This is the one that I said had the ugly looking book map the ugly looking level four and I'll still stand by that But for right now if you're looking for a chart level to try and enter off of maybe just a clean looking top And that's 655 ish 654 ish. Wow pretty strong reaction already on this The goal of this would be to see more eyes catching on to this trade from this point forward You know, you might be a new attendee joining us here. You might be saying, oh, it's up too much already. I mean, what's the point? Well, if you said that here, then you probably said that on IMG and look what happens, right? So of course, there's a threshold the more it goes up the more I personally say yeah It's not gonna continue right but the more you're here with us inside our live trading room The more that you see these stocks like MR SN that are up 40% or 50% or 55% They keep going Not all but you know, that's what you say Hey, if this stock keeps showing higher lows if this doesn't pull back under this 652 ish chart level Then there's definitely good reason good cause to believe that this could run much higher All right latest saying Hcdi halt. Yeah, that's the wacky one later Moving away from that and we get distracted by all these crazy stocks You know, we watch these and we don't enter them and then we don't enter the ones that we should have been watching the whole time Right So for any of our students here that are actively trading I would say start and stick with what we have here on our watch list so far the IMG N Definitely the Aht and I guess for now that MRSN proves me wrong right now All right folks. So hey for all sense social media Facebook live LinkedIn Twitter YouTube the works I appreciate you folks sticking with me throughout this entire day today Fausto should be back come tomorrow morning I said that especially because I didn't take a single sip of water here this meeting dealing with a dry mouth Josh here So I appreciate you folks sticking with me there any questions that you have feel free to shoot me a quick email Josh at C2 trading comm is my handle any questions or trades that you'd want to go over send it over right there Otherwise if you're interested in joining us inside our live trading room Just go right down to the link on the green banner below the stream to get yourself set up and started But for John Leda and all of us there live just joining us here I'll be on a coaching call up until 3 30 So I'll be in the chat seeing if there's any trades out there with you folks All right, but aside from that best of luck trading going into the market close talk to you all soon