 All right, folks welcome on back here this Thursday afternoon October 19th shortly after 2 30 p.m Eastern great to see John and Brian still with us here inside our live trading room Got a bunch of us actually still with us here Even if you're on the sidelines for right now great to see Jeff just before I had Chuck Kevin Luciano Roberto Rod Yeah, Lawrence just joining us here inside our chat board So hey great to have all this coming up coming on back here great to have is back on social You can hear me. You can see my screen. You can't see my ugly mug. I'm saving you From seeing that doing your favorite. So at least for right now the markets have been plunging back down Especially after Powell Expectedly obviously ended up talking crap about the market. What else could we expect? I mean anytime this guy's on a microphone It's just bad news, right? It just honestly, there's been like one actual pop where we've seen the markets continue Probably over the last two years For every time you stepped on a microphone one time one one actual pop and run I was hopeful to see it here today. I was looking for calls and bounces on AMD and the spy I had a couple of good bounces, but it just didn't give me the direction. I want it and with that It's just all right. Well if it ain't breaking higher There's only one of the way it's gonna go simple as that I had a question for one of us on Twitter actually just a little bit earlier getting back to my social media and Hey, well for all of us here collectively just follow us on our on our social media streams at cyber trading you namely for YouTube and Twitter But with that though I had a question from one of our members there kind of asking. Hey, did you load up on the puts? I did not looks like Jeff did on Tesla though. He's holding on to Tesla puts Hey for everyone that is looking for a long trade if you don't get it Then you know if there's a good case to go short and do it, but I don't like being that impulsive inside I'm like flipping long short long short long If there's good conviction after I get out on my long trade then perhaps I'll look to take it Actually just a moment ago there could have been decent conviction once I'll show you this here because I got all my lines up here My spy graph I Got a lot of crap here on this chart So just to kind of show you more or less this ended up breaking below big selling level here at 430 and 21 cents Where my cursor is I assume that was not going to hold once this couldn't hold my 431 here So once this snapped down perhaps this could have been a good opportunity to load up on puts You know 430 puts just whether it be for today's expiration tomorrow Now with that in mind as it pulled back lower here your next support It wasn't really a big level for me today until just it was building here before 29 You could just see seeming lose just nipping support nipping nipping nipping and the more times it cracks it It should lead to that larger Reactionary move so led to a nice pullback my line back here and for right now I mean hey, this has been a great trade to short to buy puts on and whatnot or or on the flip side of that Ryan Killing it on UVX why just got like 25 cents on a quick trade in and out eating right right from 18 There you go broke the highs. He took this long really nice trade. So hey heading into the close It's gonna be a very volatile afternoon. I look forward to it actually For as crazy of a market as we've had it seemingly as if it or it's seemingly as if for Getting better direction now right up and down up and down. Well, finally. We're really breaking lower here So yeah, UVX why making a strong run up spy is already at my next big support or getting close to it Going back to my spy graph here Basically to 427 and change just loosely speaking is the next so to say big level, but really you're looking at 425 We're gonna 425 after that So, you know, there could be a very quick teleport here towards 425 on the spine Now with that though Hey UVX why on our watch list already just with the way that looks with markets dropping off again You don't have to just short You don't just have to buy puts on the option side of things But you could long UVX why and for that reason will definitely put it on our list now MTC was popping just before and with the market plunging. I I do mean it when I say I say it quite frequently These are my favorite days as an instructor not as a trader per se, but as an instructor Because with markets plunging it clearly goes to show that not every stock is dropping at the market In fact, there's stocks that are just gonna do their own thing go off on their own Go against the grain as you might say so hey this MTC popped up On me I'm gonna have to There we go this stock ended up making a nice little move It was beginning in pre-market early here And I'm squeezing up a little bit at first But ended up showing a nice little pop at the open pulled back take your eyes off it after a while We weren't focused on it really after that point But we were once it started to move back up it popped up on our scanners once again And with that led to a nice afternoon move so far MTC and this stock I think we've traded before right Lita and saw our live trading room here just back from last year Big pop and drop you can see so history will repeat itself on the drop-off like 100% I will bet my life savings on that if it's not if it's not even later today. It's tomorrow if it's not tomorrow It will be just big gap down So hopefully this continues to pump up for us here before the dump off and look strong here for the afternoon I surrounded bottom for right now. We'll definitely put it on our list here All right now with that damn this ICU trade still trying to squeak up a little bit here a little bit there It's teasing you off of a dollar at first and namely 97 cents that long you see on the graph Led to a strong bounce. I'm talking like 945 10 in the morning area and you know once it pulls back You're not really looking at it at that point You're kind of just looking elsewhere focused on obviously the way the market looked at that point before Powell started You know yapping and with that I wasn't really expecting this to make higher lows and for this to try and go back up I don't know. It kind of reminds me of Tupperware earlier this week We were infatuated with Tupperware with earnings and we were hopeful to see a break higher And the chart looked like it gave us a chance, but it was just wasting our time It's kind of looks like the same thing so I'm gonna put this on the side list here for right now. I see you come back to Gotta prove yourself. I don't know what happened here Actually, you know what I honestly don't know what happened there So I'm gonna find out and I said earlier that it could have been offering news I mean for what goes up We do say it comes back down just the daily chart speaks for itself here But honestly that type of drop-off is like they may have had like some sort of direct offering announcement or common stock offering Does not look like that's what happened. That's all right that oftentimes is what happened So the curious mind allowed me to just check Benzinga, but yeah, that wasn't the case Just a natural dump back down can't break higher only one of the way it's gonna go All right, so we move on from that Let's see if there's anything else looking good or in like penny stock land here these stocks right here on my cursor What is this mss? Not doing it for me Seco was looking good before but once it failed to break the highs cleanly build up off that Again, same deal. It goes up comes back down Netflix for as expensive as it as it is I am not really as keen to follow it for this afternoon made a great great run off earnings earlier Or from after hours yesterday the implied move was like seven percent or what whatever seven and a half percent implied Yes, 16 percent this thing had made a phenomenal pop in pre-market at the open. It made a good slingshot Just before it looked like it was trying to go up But even at that if it was still holding up the highs I was still gonna be cautious and tell you that here in this meeting it just pulled back down So no business with Netflix at this point. I'll be rooting my friend John on on this trade, but For right now, I think there's better trades in terms of price in terms of price. Just give us something a little less expensive And something also moving better than this AT&T had a good day also, but this thing is like just really dead right now really flat not much happening on that chart But Seco, how'd we get back there scan refreshing on me? Alright, so if there's anything else looking good folks I doubt it, but namely on the way up. Let me know I say doubt it because look at the market, right? markets tanking right now, so Yeah, again if there's like something that's really exploding right now definitely type it in but So far we got two tickers actually one ETF that goes against the market UVXY and that MTC trade So let's see if there's anything looking good on the losers list three cents back How I clicked on that. All right, ACAQ this thing dropped off quite a bit as well Looks like one of those special purpose acquisition companies and those always have tanked over the last three years or so FFI what goes up comes back down here, right? We were talking about this yesterday So for anyone that's like, oh, I didn't hit your target two bucks. Okay, I was in from 128 You're called out from 128 pumped up to 170 and actually we called out 170 Of course throughout the day as it's moving up You got to expect to see new resistance and on our Twitter feed all across inside our live trading room You're saying this can't break over 170 cleanly then it's not gonna be as good of a trades like the end of the road So it actually broke over 170 leading into the after hours here yesterday. I'm talking this FFI but it really failed to like Go, you know, you know if it's gonna make that pump up to two and after hours and like fool the rest of the crowd It should do it pretty soon after the market closes So again, I was watching this in the after hours with one of our students and actually same deal Like this as the week before actually like just lackluster not making that move not making that push You just got to get out so from there I dropped off a little bit later on and then lower in pre-market Actually move back up to that 170 and tried But if it ain't breaking higher, you know what direction it's going back in so, you know If you are a new trader here joining us at C2, this is the exact reason as to why we say two things a You don't want you to be trading real money as a trial member Just joining us once you begin to go through that through our classes the gold stock course then No, of course, we encourage you to begin to trade live. That's the only way you make real live money But aside from that though, it's to say you can't turn a day trade into an overnighter If you go back 24 hours ago during this meeting I'm gonna have to check myself But I am fairly certain I'll put money on it that I had said exactly that yesterday on this type of stock It's a day trade not a swing trade. You try and trade at the following day if it looks good So oftentimes an expensive and hard learn a hard lesson learned You know until you really pick it up from class and fellow traders within your community Like us inside our live trading room All right, so Tesla dropping off at the market, right? So obviously at the market tanking Tesla lower Down towards to a team TSLL. Take a look at this guy though. So TSLL trades with Tesla. It's one and a half times leveraged. So tiny bit more volatile You can say statistically it's down more percentage wise. So with that, you know ended up leading to a good short It is easy to borrow Wouldn't hurt us to slip this and Tesla on a watch list for right now John, right? All right, so let's see if there's anything else looking good here from the loser side. There should be We watchers getting Trimmed down, I guess one can say but it's all right now Hey, it is a good short on the way down to $10 where there really isn't much support showing so far But yeah, this is still a pretty good trade. This is the monthly graph, right? But we've been following that 1206 ish 1210 ish level for a long time now broke over it That's a good long on the way up from it But then obviously it fell back under that price held under, you know If you were watching this as a sideless stock over the last few days You did have good chance to try and short it, but we weren't really calling it out inside our room So that's just more easy to say in hindsight. Yes, this looks like a good short here for right now I'll put this on our list. We watchers Well, so we got what else we got here folks, let's keep it moving see if there's anything else looking good Not XP EV my dyslexia here XP EL. All right, I Have a long list the sideless stocks we can go through that is for sure Here's ROL. I actually called this out earlier I said this could be a good short and this is more like a little later on but just like 130 ish 145 Eastern time I'd said it looks like a decent trade nice short dropping off a little bit here and Right now it's at the lows. So we'll definitely add this to our list. Looks good Not at all-time lows yet. It looks like it already bottomed out around around like 29 $30 back Last year at the end of 21 early 22, but the way it's dropping I mean, it looks like it's on the way down at least towards these levels here around like 31 ish 31 and change Just want to see more volume trade on the stock right now like on the intraday That would be a great opportunity to see this break lower really collapse You know, it might be on the bottom of our list at this point, but ROL I like it All right So I will check Benzinga first because I like it like I said, I had a laundry list of sideless stocks myself I I don't know how they're looking. They might look terrible. So we'll just kind of go quick but Go through some trades uber Shopify, you know at the lows, but not that great Take a look at a crypto stock like sq coin base. Nothing really too special right home about I The chip ETF so XL this broke below support at 18 bucks earlier today I just been like nipping it the whole afternoon or whole day and then Broke a new low here. So maybe I could slip like a that trade if anything the SOXL on our list NVIDIA too expensive AMD dropping off I was looking for the bounces earlier on it. Obviously didn't get it when Powell was talking So As a drop off as a short SOXL does it hurt us to add this to our list? It's not down more than 5% but I Don't mind it. You know, we already got TSLL the Tesla ETF on there Right now. This looks a little bit sharper on the way down. It looks like it slammed to make a new low just before So I guess I'll add it here. You know, we're not at like a huge list right now Check out the airlines like the UALs of the world out there This is pulling back towards I think yesterday's lows if I'm not mistaken Yesterday's all broke below. I'm actually here looks like from yesterday Now well now we're talking pre-market levels from this morning even so it opened up a tiny bit lower Not by much but you know down towards 36 pre-market levels that could be a good sideless play Don't get me wrong American it's not really in that great. I'd rather UAL if anything out of those airlines Get a pop get a pop here. Actually, it's not a good pop. So we'll scrap it BFRI sometimes Benzinga will alert me of a stock trying to pop this actually is popping right now I might even be halted put Yeah, not really trading good volume there that is not looking good at least Write it down just on the side listing case if it actually reopens up good, but for now pass I See you again very slow if anything and then trying to make a higher low and just never made a higher high yet So I'm not really too particular about this one just yet. I mean, it's a level one stock Don't get me wrong really good spread slow But you want to stock at the highs and with the way the market's looking not too many stocks Are at the highs so yeah to work with here MTC. I like it You got the UV XY ETF Obviously, that's at the highs that trades in verse to the inverse to the stock market But aside from that, you know, we got to follow the S&P follow the NASDAQ follow the doubt actually speaking of NASDAQ How about this for all of us here collectively on social media and insider live trading room? Might I say a little housekeeping note before we finish? Don't leave just yet Actually for those of us that were not there earlier inside our trading room and we had posted it Fausto is actually in the city earlier today at NASDAQ headquarters. He was on NASDAQ trade talks They're they do like weekly shows if not daily even Fausto was on every month there though with their host Jill Malandrino and I'm gonna post that collectively just for all of us on social media and Inside our live trading room. I believe it was right there There we go. He was live on NASDAQ traders talk That is the link though that you can click especially if you're in our chat board right now Or on our streams on on YouTube and social media You could actually click the link I chatted you right there get access to Fausto's interview and webinar there with NASDAQ trade talk All right, so hey enjoy the rest of the afternoon folks best of luck trading heading into market clothes I like what we got so far Mike saying Kind of flat now. Let's take a look here at the horn. I did not read this just yet PC PTC see Nah, it's not good. No bueno Mike. We are all set though. Hey, we got a decent list to work with let me just check out that BFRI at the end. That's not open yet. That's not going anywhere. Alright, so we'll scrap this But I like us to block trading heading into the close I will be here in the chat board at least up until 3 30 any questions that you got for me feel more than free They shoot you over a quick private chat inside our trading room But again for all of us at least on social media make sure that you click that or skin that QR code Get you access to our live trading room join our students like John Andrea Brad Ryan had ride Later all that's just there right now and of course myself and Fausto the man himself there So hey best of luck trading and we'll catch back with everyone going into tomorrow morning. Take care