 All right, good afternoon, Saber Traders. Welcome on back here this Thursday, June 8th, shortly after 2.30pm Eastern Time. I'm hoping that we're all having a lot of fun on this Carvana trade so far. It is up over 50% as we're talking, just lingering right around that area. So hey, for right now, this is just right away going to be put on our watch list for the afternoon, but we've been talking about this trade from head to toe all throughout the pre-market here in the morning and actually so much so I just want to bring up a call out, a post we were talking about all throughout the early to mid-afternoon before this meeting started. So great to have all this back on social, all of our social streams there, Facebook, Live, LinkedIn, Twitter, YouTube, etc. But of course for students like Jeff, Leda, Dan, Michael, Grant, as always great to have all of our students and members alike inside our trading room. But hey, this was at 11.43 in the morning. You can't always count your chickens before they hatch. You actually should never look to do that, but you can't always look to just shoot for the stars and you know kick back and assume it's going to make that move. So trust me, I started off this comment here by saying it's extremely doubtful, extremely, extremely doubtful. But if Carvana could break above resistance at 20, that was a historical level. Well, the next one, the next historical level from the daily chart, weekly monthly chart that I saw is not really until 28-ish and then just in between there 25 as more of a psychological level, right? So we're not going to go all the way to 28 per se, but when this is at 20 and breaking above resistance at 20, I forgot to delete my lines off this chart here. There you go. Too many lines on the CVNA screen at least, so we'll delete those. But once it ended up breaking above resistance off of 20, you're looking for a big move shortly after, aren't you? Okay. Well, if the next historical is not until 28, there's not much icebergs out there, at least until 22, 25 is a psychological level. Just to say, you're going to be getting more than that 10, 15, 20 cent move. This thing just immediately pushed, immediately popped up a dollar, then from there ran up towards 23 and 24-ish or so. And there's plenty of time left, folks. So it hasn't went the other way yet. Higher lows, pushing up to hopefully make the higher high. And definitely I'll start off this list with the CVNA trade. All right. So we have the CVNA trade. There's one other that I had like my eye on, but it's not really main afternoon watch list material just yet. The PacWest, I mean, it was just called out earlier off the 915 closing print from yesterday, I believe that was. I deleted all my lines there, so I just forgot. So I think it was rather the closing print from yesterday 915. It tested false break, held it on the next test. And then on the next test here afterwards, led to the pop and from there, we're hoping for a little bit more. But, you know, again, just more of a tradable sideless stock, nothing too special or good about PacWest, at least right now. It was trending down going into the market open anyway. So although I was a lot more focused on this trade at the opening bell, just I was kind of anticipating a bit of a pull back at first. Otherwise, maybe just lackluster run afterwards. Thankfully, it made a good run, not really so much lackluster, but I was catching this more so off of 915 here. So we'll see if this can make the better push heading into the afternoon, but more of like a B-list type of stock. All right. So we have a couple of other stocks up big though. And I've got this MIMO stock. I haven't looked at this at all, at the market pushing up here entirely. We have Beyond Meat, actually, former runner for us in the past, off their IPO like years back, but up over 23%. Got a firm up big today to upstart. So let's just go right to it. MIMO, the only reason why I didn't really look at it too much, because A, if we're not going to call it out inside the live trading room, then otherwise, I'm not really scanning for stocks below a dollar. So it didn't pop up for me whatsoever today this stock. So move on from that. B-A-O-S, this was on our list, more of a dud though, unfortunately, they had very thin volume on the book there to begin the morning. I mean, in pre-market, if it looks big or looks bad, you hope for it to fill it. But really within the first five or 10 minutes, if it's not filling in, then likely just move to a better trade. Easy to say, but obviously, Carvana, you know, it's on our list already, but that's what I mean. You want to move to a stock that's looking a lot better during prime time hours. RGTI, Brigetti Computing. Okay, nice little push up so far today. Above a dollar, that's good for right now. We like that. We like liquidity, tight spread, good volume on the book here for the time being. Is it going to keep going though? Is it really going to keep pushing here? It's already made a big move so far today. I'll at least put this on the side list. I'll come back to it if I need to at the end. Definitely more interested in the BeyondMe trade. This just came out of nowhere. I didn't reach. Did you call us out earlier? I mean, we're on Carvana. See, can't catch them all. But yeah, Rich made a comment at like 137 in the afternoon saying that it's finally took out the iceberg at 13. There we go. And Elizabeth in and out earlier on BeyondMe also. Yeah, I mean, I personally didn't catch this in time, but hopefully more to come on this trade. I'll put this on our main list with the Carvana. You know, what's interesting here, I don't want to go too, of course, but we're going to find GameStop on the loser's list eventually anyway. You would have thought that with GameStop earnings after the bell yesterday that the meme stock people would be out in full force today. You know, all the people back in the 2020 meme stock craze AMC GameStop, etc. You know, it's crazy. Also time's flying so much that, you know, we have new traders joining CTU that just have maybe like a few months experience in the market, maybe six months a year experience in the market. That's decent. But you weren't around for the AMC squeeze back then. That's crazy time is flying, right? Geez. So GameStop, getting back to this, I mean, with earnings out from yesterday afternoon, I thought that there'd be those meme stock people out today. But when GameStop reported bad earning or bad earnings plus their fired their CEO, I think it was guy, I think they hired Ryan Cohen, the guy that pumped and dumped that bet beyond lovely with that. Well, I'm not expecting too much upward momentum on this trade. And actually right now it's starting to squeak up a little bit. I'll come back to this. But where I'm getting to here where I'm ultimately getting to is that with stocks like beyond meat stocks like Carvana meme stocks in the past that hey, you know, those could also move off of their own respected news and obviously they already have today. Carvana already on our list beyond meat to see what else we got. I would really expect 25 to hold first test on Carvana shouldn't make it that far. So I don't think 28 is just yet. I would assume 25 first, probably a lot of different strike options, please just set to strike at that price. expi that the highs right now to you know, I could put this on our main list if I wanted to I'll just come back to it at the end. AFRM obviously we're familiar with the stock a lot more than that last one there the expi. So expi to our side list for right now, AFRM to our main list just re broke above resistance off of 1850 much like it did at 18 much like it did at 1750 much like it did a 17 did it hold 17 perfect or false break it up. It falls broke at 1709 was the first peak here then it re broke. So for anyone asking, hey, how do you trade a more volatile stock? How do you trade a stock that's already moving? It's the same answer every time you're not going to be able to catch them all. So if it ends up moving up without you you really can't pull your hair out over one singular trade but on top of that re breaks and 50 cent levels whole numbers and just in specific where finding or where the icebergs are really at. Now you look to focus on the 50 cent levels whole numbers for the for this type of trade but you know you also want to confirm that level for another familiar name at this point G sit stock has been on a huge tear dating back to mid last month and definitely has gained their respect a lot more here this trade and hopefully more to come on this if not then I'll keep it on my side list to wrap up the week for tomorrow up starts been a monster of late to much like a firm and I'm going to jump ahead now the firm moving and upstart moving to take a stab in the dark I don't know if I'll be right but this or not I've been checked in with it today. All right so we got all three of them all these lending companies out there a firm so five upstart hat trick nice move on all them so five definitely looking you know really strong here just given the liquidity it's still very cheap so probably won't move as fast that's a great level one or two stock for anyone here but you know it won't matter here today because actually we caught me this micro vision on time today I've been sleeping at the wheel on this trade pretty much day over day the last two weeks we've been catching it later it didn't break higher all right good we caught this right off seven here at the time is beginning to push back up or not off of seven it was beginning to make the bounce from then and then we caught the higher low but beautiful push at the time let me ask us here for Lawrence Michael Brian all of us here just otherwise what time to stocks typically look to reverse don't tell that to Carvana or a firm or so far any of these but what time looking at the cyber clock do we typically see these stocks reverse in the morning 10 30 right there we go from Elizabeth and all this otherwise on the nose on the nose reckon it ended up really topping off here than pulling back but ended up hitting the high and then dropped and began the reversal process after so alright what else we got here anything else looking good we got a good watch list already folks bunch of familiar names already we don't need to build a big list you know if you have some stock that we're not calling out right now I honestly would just keep it to yourself I wouldn't really look to trade in less of it something you know we're going to call out like an obvious breakout IONQ I might slip this on our main list just given hey we are familiar with the stock from the last week or three and again much like the others good liquidity it's at the high so hard for us to ignore IONQ once again adds to our list there again though the more I do that I don't really want to add too much more so let's see if there's anything else looking equally good maybe is better yeah it's going to wrap it up here for me on the gainer side I think folks if there's anything else looking good I'm sure there's a lot more that's up that proverbial five percent to be asked so type it in the chat board now I mean hey now's your chance let me know if there's anything looking good I'll kind of let you know if it's you know worth watching or not at this point HCP on the way down not everything's going up HCP on the way down this stock at near the lows bouncing back up right now I reckon but you know still kind of there the best part about this trade the selling point to me is the liquidity at least you know kind of thin volume but tight spread since we've been on it really hasn't gotten extremely large and it's down big enough to where maybe if it ends up holding here perhaps small little dead cap down since of the close short covering but I don't want to jinx it that might just be the only stock there from the loser side here edit QS quantum scape big drop off their earnings overnight yeah it's just about it that I say alright so let me know folks if there's anything up up down left right more than that 5% definitely on the way up there's anything looking good you know whole markets up right now I'll bring up my Benzinga pro bring up book map level for just a moment here's my Benzinga pro my scanner real time right now I got Carvana priest we've actually been familiar with that trade in the past THMO and bark alright so go bark first gotta love the dogs so bark not really looking at great as a chart so we're gonna pass on it right now THMO looks better but you know I write it down for the side list for right now same with Priest here PRST and that's fine alright so that's it from the scanner that I have here let me just go to book map for right now my pack West trade beginning to pull back that's just on the side Palantir pushing back up once more perhaps I could put this on the main list if you do well on this stock regularly then you certainly know who you are and hey I don't always say that for level five stocks folks this is a level two stock at most right now so I'm not putting it on the main special list but otherwise there's better opportunities I feel but this could always be in play no go for AI today that's for sure I mean hey when you have a firm moving the way it is right now and upstart Sophie and all these other stocks right now again you got to be pre-selected at the stage so I you unity all right trying to go back up again off the Apple vision pro what would you call it headset thing I'm not a big Apple guy outside iPhone so you know just for right now you making a small little push will keep it on a side list more of a level three plus stock I'd say ooh nice push back up on Coinbase look at that that's a pretty sharp pop right now take a look at the other crypto stocks like Riot Mara that's really it right not really doing much oh I forgot about Hoth to HOT 8 that's right alright I'm happy I came here alright so let's take a look at Coinbase first coin is up nearly like over 3% definitely doing good job filling the gap back from the last few days off the SEC news 56 just about or 5588 historical area dating back to just mid-May over this period of time generally is holding around 56 just around that price or under you know what I don't mind slipping Coinbase on the main list right now let's see if there's anything looking as good none of these really looking too too good for right now alright so Coinbase in particular not up as much but we'll take it alright folks that will do for all of us here inside live trading room and all of a sudden social media if you're interested in joining our live trading room just go right down to the link on the green banner below the stream to get yourself set up it started with more shorts and videos just on our YouTube channel going into the next day or two and going into the weekend as well so feel free to subscribe right to our YouTube channel as well for more videos just any questions that you have first though just feel free to shoot me over a quick email joshc2trading.com is the handle always like to post that at the end of these streams here alright so what do we got from John and Ryan cvna and that's all we got really so far for the afternoon this and you know everything else on our list otherwise but you don't need to really go outside of this watch list folks stick with this list here to begin stick with what we got and I think that will be more than occupied I think our hands will be more than full alright Lauren saying affirm is shortable that's good to know in case it does dump off or pulls back I'm gonna focus on the trend up at first though and then Ron saying beyond is a short squeeze asking looks like it you know it could be off earnings and then otherwise just more people having to cover short with the way the market's moving alright folks but for right now hey rich will be on the mic at three o'clock you got a guest speaker coming in at three thirty tagging them out normally not on in the afternoons anymore right so actually I'm giving the guy a break I'll be on from three thirty going into the clothes myself we'll both talk to you soon take care