 All right, Sabra traders good afternoon and welcome on back here this Wednesday October 26th Hopefully Michael enjoys the rest of his days said he's off to the doctor to trade. Well everyone's so great to see Michael off The doctor though so have a great rest of the day Michael great to see later Andre Patrick All this just rejoining us inside the live trading room Christopher included great to see all of us there great to see All this back on social media Facebook live or YouTube right now the MBL y-stock mobile I Few of us may be familiar with this stock from years years past New IPO once again, so ended up getting just listed once more this morning here Ended up having a nice pop to it But you know, we'll talk more about this stock perhaps in our phase 2 course coming up later on today We'll be finishing up the phase 2 stock course that is at least at 305 p.m. Eastern time You know just long story short with this stock as a new IPO is that it has no historical levels really for you to work Off of even though it was previous listed years past. I mean, I'm just working off a fresh daily chart here So I'm not assuming any historical levels right here So it makes it a little bit more difficult for you to try and follow Especially if you don't follow level 3 or level 4 if you do happen to follow level 3 or level 4 definitely makes it a lot Easier so you know right now ended up making a nice bounce from roughly 2650 broke under that price and broke back above it led to a good squeeze So for right now, it's trying to make its way back up trying to test the trend line I built gear from earlier acting as support This time here acting as resistance So, you know, we'll put this on our watch list for right now just you know volatile stock trading a lot of volume per minute You know order book definitely not as liquid So it's not like a level 1 or 2 stock as we would categorize it based off of volatility But you know probably like more like level Probably even more like a level 4 here at this point, you know We categorize stocks based off of volatility level 1 2 3 4 5 and then of course mind you We have the programs that we use to trade with like level 3 the ECN book level 4 book maps So no that could be a little tricky otherwise if you're not a full-time student But you know, we teach that within the phase one course none the less MLY will put on our watch list either way Hopefully it could break back over these trend lines and and for that to get flipped back into support Let's go from top to bottom though Otherwise here at the market ended up making a really strong push from the morning of course But you know at that point ended up really reversing right off like classes as we had finished up the phase 2 from this morning at like 1130 Eastern 12 o'clock Eastern ended up really beginning to pull back Beginning to make lower highs recently and pulling back towards the opening print again So we'll see if there could be any shorts if the market continues to stumble off But otherwise though will go from top to bottom here the epics this ended up making a really good push I mean from the morning But then even when you thought it was gonna begin to ed fake and look to snap and go the other way and then tank Ended up making that big pop that big break out actually is right off of like 350 So once this really broke back over the 350 level taking us into the early afternoon Ended up leading to the much bigger pop It got halted I think a couple of times even so you know the deal with the stock is for as much as it goes up You got to wonder when is it going to begin to pull back and fade go the other way and you know That's what we were wondering here, right? Well the question isn't as much when It's more where what price so it's easy to say 350 was becoming a resistance So you had to be careful there But the more this goes up you would expect resistance off a whole number and you know This just moved over for and was building a higher lows from there That leads me to five So the more this pushes up and up and up and up you got to expect even if it does crack above five The first time it tests it it should be a false breakout and with that led to a giant drop false breakout from five I was even mentioning inside the chat board earlier today that we had a little historical data I think from like years past like a strong level historically off of like 520 ish So the combination of those two led for the top and then for this to snap back down at this point You know the thing with this epic straight is that if you go back on the last year or so It's been namely a pop and drop type of stock It's not necessarily the type of stock that you'd look to swing trade look how much it dropped off even here off the highs No, you from from the past year or so we're following this off of news that came out Just pre-market activity might have had a gap up But more days than not it ended up leading to either a negative day or a complete dump off Then the following days after it flipped negative. So e-pics right now. I'm not as keen to put on our main watch list We had fun with this stock. It treated us really well. Thankfully at least we do know it's very liquid very good order book, but You know, let's see if there's anything else looking better more trending on the way up I do know one already. That's making a good move, you know, and BL why we already have on our watch list But RLX not Rolex as in the watch company, but I think this is just RLX technology Incorporated ended up making a nice squeeze up early today And the key word there folks for all of us inside the trading room squeeze, right? We finished up our class this morning talking about Squeezes and bounces and you know this stock here a few of us may recall back from a few years ago This off its IPO is like a 30 35 dollar stock for as much as it drops you got to wonder when is it going to begin to squeeze back up and You know in terms of a swing you want to ask that question when but it's also again more so the question of where So ultimately over time this ended up beginning to pull back made a really strong bounce from one and From there has made a very strong run back up here on the intraday. So at the highs here You have a bit of an order on the ask 125,000 shares roughly on the ask at 188. So should this build support coming up a higher or low? Looks like it built some resistance up top here off 167 ish 164 ish here So look for that to be at least support and should that at least told perhaps this can make a run-up higher and Look to make the test up towards the hundred now twenty six thousand shares at 188 All right, so we got two good stocks on our watch list here to begin Keep it going here Edu not as liquid you know as we've known it to be after they did their like reverse stock split now this ARBK I at first kind of skipped over this stock was from pre-market. It was a dud So at first I kind of skipped over it mentally just going through this gainers list with you folks Then I kind of just internally thought I'm like I don't think it was up 46 percent in pre-mark So here we are now ARBK making a big pop right in front of us broke higher off to 60 Currently there's 25,000 shares on the ask right at 288 288 there's at the same price as where we had the RLX one no 188 for RLX, right? 188 for RLX and then 288 for ARBK My dyslexia is kicking in there a bit, but ARBK a nice pop right now Hopefully this certainly continues to push up as about 25,000 on the ask here, but looks good All right, let's see what else we got for right now Govx I ended up taking a couple cents on this earlier ended up shaking down I missed the initial run like the better run in fact from a dollar broke over a VWAP here moved up really well Well when a stock breaks above resistance and runs off it a bit I'm looking for resistance to get flipped into support. So I ended up jumping it off 105 things were looking good at first But it just took too long. I didn't want to hold on to a trade going into class I was also trading mobile life from before and I did pretty nicely on that But I just didn't want to hold on to this You know in case if it just shook lower and broke below the VWAP So, uh, you know, it ended up pushing back up a little bit now back up to 110 I took two cents on this trade, but you know, hopefully this continues It's showing a little strength here now at this point coming off the VWAP I'll slip this on the back end of our watch list here for right now Seeing if this can make the higher high later on today All right, so alongside edu. There is tal another Chinese education based company Not a whole lot happening on this right now. Here's my running joke of the day folks Uh, if I was to mention this in the morning meeting, I apologize because I was away from my desk at that time But here's my running joke of the day. I didn't realize this until right now When did wing stop become a $157 stock? Now, of course, we have the answer to that question here just from the daily chart is probably Well, it was higher than that at one point, but holy smokes wing stops is like Running back up to the all-time highs. Damn I mean What is like a a restaurant like this become a $100 stock let alone a you know $150 stock I remember we joked about um, I think jack right jack in the box For a long time they were like over a hundred bucks. I think So, you know, it's just always interesting seeing these like, you know known companies like you you go to the restaurants get wings Whatever, you don't realize that a that they're publicly traded to begin with and be that they're like a hundred and $55 stocks Uh, Wendy asking what is wing wing stop the uh Restaurant like wing restaurant They're at least known in florida. So brian saying chipotle at 1700 Well, you know chipotle is like mcdonald's though in the sense of it being like number one top 30 fast food chain right Like when he says wing stop not in massachusetts. Well, hey, I learned of wing stop When I moved to florida, I don't really think that there is a parent in new york Maybe i'm wrong or at least in long island. They're not but uh, yeah pretty interesting right wendy I mean, there's not too many jack in the boxes by me in long out or there weren't by me in long island But you know like mcdonald's you expect chipotle you expect, you know burger king if it is publicly listed you'd expect But yeah, that's pretty funny All right, we keep it going folks enough of that jd is up over 10 percent I certainly wish I held on to my swing trade longer that I took from earlier this week But I wasn't expecting as clean of a push-up as we had from the morning today jd. It definitely extended back up I was expecting a little resistance over 38 50 So from yesterday early at the market open took a clean exit, but man today this thing ran Right back on up from 37 50 all the way up towards 42 50 and changed like a five point move So jd has pretty much been a sideless stock for a little while, but it's far it it fell Out of our price range a little while back So it started to pull back heading into the end of september early october Started to drop more and more within our range and we've been trading it over the past You know a few days last week. Maybe you could say but You know, otherwise it's going to be like a day by day thing for me You know if it's a little too pricey normally for my liking that i'm not going to focus on it If there's not as much else to trade on a given morning and jd's active, then i'll look at it You know, that would be my kind of thoughts on it going forward Probably furthermore in pdd very similar chinese stock moved with jd, you know from early this week on the way down Then squeezed back up. All right. Let's see what else we got here folks. I saw some of the oil stocks energy stocks like nine push-up earlier today I know ensv is one of those stocks. We'll take a look at that one That doesn't seem to be doing much of anything there indio not a whole lot there as well. All right Worth the check at least Uh, see if there's anything else on the way up folks because even though the markets were dropping off and have been recently Uh, it's still a lot that's up percentage wise like number 50 is up 10 So if there's anything else that looks really strong moving upward pretty well, uh, let me know But obviously with the way the markets are moving here We'll just check on the loser side. See if there's anything maybe name brands on the way down Speaking of name brands spotify Little expensive for my liking normally, but dropping off on the intraday really well if you day trade the options on it You know, this could be a nice put taking you into the close Uh, you know, I would definitely respect the trend first on this type of trade If it was a lot more liquid on the order book. I would Put it on our list SKX and STX they're not doing me too many favors there with that SKX it's like pulling back a slight amount here dropping off a little bit right now, right? So good direction just not really trading a whole lot of volume per minute And then st TX Same thing a little more expensive even All right, let's see what else we got here in the interim microsoft down big today I mean obviously talking about an expensive stock 233 dollars still even if it is at a 6.7 percent discount, but Uh, yeah, I mean dropping back down pretty sharply So that would lead me to try and follow some sideless stocks here taking us into the close You know the airlines the cruise lines the you know, hey, you name it stocks ev car retail I feel like I'm forgetting one here off the top of my head We'll go through them all gaming casino stocks. I was thinking of there Uh and see a lage kind of slumping off not a whole lot special about this trade right now My lovely neo stock ended up making a choppier move this morning Failed Fausto flag as it tried to break out over 11 and 1110, but didn't You know trotting back down right now not a whole lot special happening with that GM wow GM is actually holding really well at the highs So not moving with the market here at this point, but Really holding off the highs right now a nice little move here on the swing for GM At the highs of the day right now go and counter trend with the market So maybe we do slip GM on our main list, you know, it's not up a whole lot percentage wise, but should The markets make a potential bounce heading into the close then that could benefit from it pretty greatly That's just a thought HLX from the gainers side. I was just looking too flat right now GM looks a little bit better than this. I'll put GM on our list We're not really at an excessive stocks on our watch list for right now Uh, let me know folks for all of us inside the live trading room Any one of us on social media facebook live youtube if there's anything else that looks good up down left right more than that 5% I'm gonna filter out my benzinga pro scanner here right now. Let me just do that briefly You know bet bet beyond dropping off the bobby j trade mara taking a bit of a bath right now dropping off quite a bit So we'll take a look at those You know bet bet beyond is hard to borrow So that's the issue on that trade. You can't really get the shares to short it or at least likely you can't But um, you know dropping off quite a bit right now if you're able to short it then I'd put it on your personal list I wouldn't be really itching for a A big meme stock type of bounce right now from five. I would not Cgc trying to creep back up here small little bounce right now from 306 now up to 312 the vwap area You know it's up over 7% But I would want to see more out of the whole sector like the pot stocks in general You know if the whole sector was strong and near the highs then definitely, but this doesn't look too good What else we got we got go through like the gaming casino stocks like mgm pen national All right, so that'll just be about it folks. I mean gm was a nice little snipe That was a good little catch that was kind of off top of the head there. That wasn't off of benzinga even so Uh, you know again last call. Let me know if there is anything else that you'd want me to look at Ford didn't look too good comparing gm to ford Right like look this right the highs I would assume next resistance of 3850 You know, I don't really know what the level three looks like at the price not a whole lot showing at least just yet But um, there could be more through the new york stock exchange This stock is listed through the nyse could be more from the arc of book or the nyse I'll check book map book map coming up after we finish up this meeting though Kathleen with the epix. You know what I may have said I'd come back to epix if anything I I didn't put it on our list at first, but Give it a second look. I mean it is trying to creep back up right now, isn't it? You know what it's still trading enough volume per minute and it is liquid enough I did say that before I moved on from it So, you know, if it does make a nasty head fake here and come back down That'll be a shame don't want to wish that into existence for us But epix at least given the volume. It's trading the order book. It's tradable It's you know, relatively inexpensive. It's cheap I will give this a second look and see if this could snap back up over this, uh, little support trend here that it's made I'm just gonna shoot from the hip when I draw this but Right there Let's see to hold over that If it breaks back under that I would say no bueno All right for all of a sudden social media facebook live youtube I appreciate you folks every day each and every day each and every afternoon for joining us here live Monday to friday, but if you have any questions feel more than free to send over through email josh at ctutrading.com I do have to get back to a couple of us that it sent over from yesterday from yesterday morning into the afternoon So I'll get back to all of us collectively heading into the evening now Same to be said for all of us inside the live trading room But for most of us there any of our phase two students and above You folks have access to the class coming up ahead So rich just posted that inside the chat board for all of you folks there So make sure that you click the link we're going to be doing a new class first time that i'm teaching this class coming up Uh charting the market. So that will be very beneficial for anyone not just looking to follow stocks for day trading But although it's not part of our pro swing course It's you know, we're going to be talking about it in our pro swing course But this obviously being part of our day trading class Well, this class in particular could benefit you on the swing side. That's where i'm leaning towards All right, folks. So I look forward to it. I look forward to seeing most of us there. Take care 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