 All right good afternoon cyber traders welcome on back here this Monday afternoon October 9th shortly after 2 30 p.m Eastern great to see one of our students Steve making some good money just now an AFRM great to have a lot of us Just rejoining us back inside our live trading room as well And great to have all was back on social media Facebook live LinkedIn Twitter YouTube the works. I might be old lunch Great to have all was back at least I'll explain what that means in just a moment But obviously a strong push-up Not as much on PRZO anymore, but I was going to say across the market Collectively really strong push on the S&P the spy breaking over 430 already at 432 and change You know just before the PRZO is looking actually pretty good But it ended up being more of a head fake more of kind of like a second-win type of move You know see a stock back from Friday the end of last week make the run it made not surprising and given that it's Kind of an eye and a new IPO was there a chance for it to make the pop that it made in pre-market? Yeah, and look at what it did it did make a nice little move from like 160 ish after seven o'clock push up towards 220 and then ended up making another couple slingshots after but Again counting from what we had back from the end of last week Friday. This was like an 80 cent stock So, you know how much higher can this keep going before this is really at the top of the ride before you're on the top The roller coaster, you know screaming on the way back down So just before you're hopeful to see this make a little pop But once it comes back down as fast as it pops up that's as big of a red flag as you could have I mean hey just a stock from last week actually as well if you recall Vsme, let me see if I can get this straight here for us just one second This stock was looking so strong like in the early parts of the morning new IPO breaking all-time highs And right here it broke above resistance at 8 popped up 60 cents Well folks when it comes back down on the same candle. Yeah, that's as big of a red flag as you could have and look what happened to that so Don't be surprised if history repeats itself here on PRZO A little disappointing to see the snap back down right now Actually, I'm not gonna put this on our main watch list with this last shake But maybe I come back to this just at the tail end just you know side list All right, so, you know, hey, I was talking to a student just actually earlier today unnamed You know a new student joining CTO they have a wealth of experience behind them just the following the stock market but You know, it's basically to go into the psychology of the stock market folks if you're joining us on social media a little free game for the day because you know Hey with everything happening in Israel and you know Hamas and Israel and everything happening there with Russian Ukraine and just everything Collectively around the world you'd figure well. Hey, the markets are likely to not react well off of that, right? Well, look at what the market's doing right now in front of us spy breaking higher, you know already at 432 so you can't be that afraid to say to Not buy or to not jump into a position because you think the market's gonna make one move So even on a day where I'm personally wrong with what I think the market's gonna do I'm still going to look for that opportunity down the line though You know, hey for all our students here inside our live trading room really quick What time do we normally expect reversals or bounces in the morning? What time typically throughout the morning do we expect reversals or bounces? Looking at the cyber clock 1030 Grant, right and Barbara and Sam. Yeah, exactly So on a day where I'm wrong with that and the markets keep breaking a little lower first Well, I'm still gonna have the same strategy and confidence within that strategy though You'll look for a bounce maybe 15 20 30 minutes down the line whenever that could be off the next So it's to say at least hey a couple trades earlier. We're pushing up pretty nicely AMD one of them Apple another one of them AMC was also another one of them and at the time Hey, my student was saying like I really don't think it's gonna push up like it's not gonna make a big move Well, we're day traders here, right? So we're not trying to hold on to one position across the whole day if you have a good start on the move But it doesn't make the big move you're looking for it to make much like we teach in class Then we do have to get out take a tiny profit or heck even take a small loss Just make sure you get out before the stock really begins to go south and breaks below your big level So here was a good opportunity where we saw this re break resistance on AMC Moved up a little bit, but then it failed to continue and then failed to hold that as support So if it's not gonna hold that as support you have to get out take the loss take the break even just get out It dropped off a lot more after But hey if the markets continue to give us a chance We see all these other stocks moving back up and you turn back to your AMC and well, it's back at resistance And then it pulls back well on the next test of resistance later on It took a little bit lot a little bit longer after there we go ended up making the break above the same resistance line and since It's been looking a lot better. I have my target still from earlier today 985 986 and For right now, I mean hey, this could be one of a few different trades we could follow heading into the afternoon It's not up that like 5% plus that we normally scan for so I'm gonna keep this on the side list At least for right now obviously I could put this on the main list at the end look strong But you know what we'll do is really just go from top to bottom now. I saw a chat on each UBC I didn't really see the ticker until live right now So it looks like a stock below a dollar ended up making a hell of a pop though from like 45 cents up to 80 nearly Doubling in price off that breakout You know pulled back though. So You know if it was closer to a dollar, I'd be more keen to follow it on this pullback It's looking pretty nasty. Anyway, so I'm gonna pass on this each UBC Don't have any stocks on the main watch list so far this afternoon That's why we're gonna scan through here across the percent gainers list. See what we can grab ACXP try saying that three times fast. I have never seen the stock before That's all right. We haven't seen PR zero before for that popped So it's kind of looks like a similar pattern to PR zero, you know relatively new IPO Maybe back from the end of 21, but stock took a huge hit over time Whatever the news is out on this trade today It's at the intraday highs. So that part I do appreciate but it looks pretty choppy looks like a more of a grinder type of a move up Not really the most liquid order book either. So you got to be a little careful on this trade I'm gonna put this on the side list not fully committed to this ACXP just yet You know PR zero looked a lot better in pre-market when we were training it on the way up before the market opened up there This looks a little bit choppier. So I'll come back to this if I need to at the end and then Yes, now this stock also at the highs, but it looks lower and that's okay. You know, that doesn't mean it's a bad thing It's actually pushing up pretty nicely. It's trying to push back up right now So kind of comparing Apple staffles on online putting M&TS on our main watch list at least for right now This one making the cut You know at the highs more liquid order book I feel stock took a huge hit even dating back to the you know end of August time Perhaps you could say from 14 down so whatever the hell happens here Maybe this was reverse stock split factored in but this could be a great trade here M&TS All right, we keep it going see what else we can grab the M tech. This was disappointing in pre-market I put this on the pre-market watch list I was hopeful for this to like try and make some move after eight o'clock and just dead Absolutely nothing happening here in pre-market and then afterwards you could just see how choppy, you know It remains so that's kind of what we don't want to have happened on this one that that ACXP trade Pre choppy HUSA the stock we've traded in the past energy stock You know it has ran for us before but not really doing a whole lot right now CEI 34 cents you take your eyes off a trade for a little while Well, no surprise when each USA is you know a big we actually see this stock INDO also up percentage wise those two have traded you know together in the past just really not much For us this afternoon All right, L a AC so we had the lithium company split last week right L a C L a AC pretty much both together right the other ones up a lot more percentage wise You know this one's pretty thin on the book though So I don't mind actually slipping both on our main list since they do trade together Just one is up a lot more percentage wise at least here Across the afternoon they've made pretty steady moves together at least L a C here going from 1060 1060 ish 1070 ish Up to 1120 and change so now both are tradable on the way up here. It seems You know wheat watchers back up right now actually getting pretty damn close again to our historical level I got a couple lines on this graph that I'll delete just more or less the one at 1206 1210 ish I think you could even say there and no surprise look what just happens here today. I Don't make the rules up here, but 1206 1210 historical dating back to you know late July early August Then afterwards just pop and drop pretty interesting to see a backup towards that price again I didn't catch that until right now. We missed out on the morning run on wheat watchers I know we had plenty of other trades PLTR will get to I o and Q will get to a few more on top I'm gonna write this down for the side list though. I don't think I'm gonna put this on the main list just yet But definitely not gonna forget about it. So at least keep it on our side list for tomorrow and check back in with it GCT former runner just kind of well very thin very bad book right there So actually gonna move away from that Grant a use up big today. There you go up eight and a half or eight eight plus percent Yeah, some of the defense companies like we were saying earlier in the morning meeting Fausto talking about GD LMT Had a couple more out there. No see we had our I think it was our TX All right So if there's anything else looking good on the way up folks for all of a sudden YouTube all this over social stream Definitely, let me know of course all of our students you folks know better than anyone. So now we work together as a team here I'll check all the chats at the end GV down 97% is that real? I mean We're gonna close on Friday. Holy smokes. I Don't know if that's a real 97% doesn't look at really that might be a glitch from trade station Percentage wise there perhaps same with this essay. No, no, no, this this looks like a real down 87% looking at the daily chart This looks like a real town 87% All right, yeah from two bucks down at 25 cents that that looks a lot more like it I didn't notice this until right now. So it's the first reaction there. All right See something new every day there Vs me for as much as it pumped up last week just continuing to drop off Stock was breaking all-time highs last week now. It's breaking all-time lows AAOI could be a good short hard to borrow from you on trade station But really good drop off here down over 15% it is on a good book You know, hey if you can get the shares to short this then go for it I think this could be a good trade. So, you know, I'm gonna put this on our watch list either way Good short here for AAOI Just double-check to see if you can get the shares to short if you're on trade station or Interactive brokers or TAS whatever it may be All right, so XPV also down big XP EV Just not at the lows really dropped off a little earlier bottom down just under 16 and pushed up a little bit there The other one AAOI is looking better on the way down All right, so hey markets are on the way up I don't think we're gonna find much more on the way down here So let me know if there's anything looking good up down left right more than 5% here folks We'll take a look at the AMC is the world one more time There we go making room right for AMC right there 985 986 is our target for right now. I think that we're gonna hit it now more than ever But it was really that 935 level here. That was the kicker. It was right place wrong time earlier I ended up taking a small loss and you might say oh, you could have gotten in lower afterwards Not really. I mean, you know, there's no real Run up unless if this fails to or unless if this doesn't break a higher high So 935 936 was nice level at first held under it after and then on the re-break later on just smooth sailing from that point even so ah There we go bill appreciate it my friend bill saying in the chat board AAOI He just got shares to short on trade station So now goes to show even though it's so it shows it says hard to borrow Just use the intraday short low kid app on your on your broker on trade station here And you know it's first come first serve, but you know bill was just able to get them So AMC looking good PRZO not looking good the AC XP try saying that three times fast This looks really choppy. So I'm gonna pass on this for right now And then the weight watchers no surprise. It's back and off from resistance here So we're gonna scrap this one also, but keep this one in mind for tomorrow though and keep weight watchers WW in mind for tomorrow morning at least keep it on your side list From George saying FMC has an interesting chart for a swing trade not really a fast mover for a day trade We'll check it out though George appreciate it Oh looking for a bounce looking looking like there, right? I mean from 130 down at 63 Well question is how much lower could it drop? Right, so that is something you want to be privy to it does have a little ways to go still But looking at support back from 2019 2020 perhaps even looks like it's hidden it there So that could be due for a bounce George. You're right. I mean dating back to yeah, like 2018 2019 Kind of bottoming out right around that 60 ish 62 ish area Not bad. It's good shout. Let's see if we can make this bounce over time If not, you know today, then you know maybe over the like the course this week kind of bottomed out there here Just from Friday into this morning Appreciate that Bill saying CTRA treating me. Well today looks like it. Yeah, it's up four and a half plus percent You know slow poke but at the high of the day if you're in from earlier hold non looking pretty good bill All right, so for all of a sudden social media Facebook live LinkedIn Twitter YouTube the works We appreciate you as always, but I think that we're gonna call it for right now We got a decent list here. We got about five stocks to work with right now From Benzinga actually, let me check really quickly from Benzinga scans here right now All right never mind when they're giving me this saying this thing is allegedly pop in eleven percent in the last five minutes That that's how you know that we're at the bottom of the barrel here. So, yeah, BLRx not much happening on that All right, so hey, we'll call it for right now folks So if you're joining us on social media, just make sure you scan that QR code on the top left of the stream If you're fancy with your phone fancy with your Camera get you access to our live trading room for a week get you access to our live workshop tomorrow as well Otherwise though we look forward to seeing you there Otherwise and for students like Bill Grant George and Sam and Grant Barbara all was just there right now Best of luck trading going to the market close. Let's work together as a team I'll be in the chat board up until 3 30 myself and you'll get rich on the mic in about 12 13 minutes from here Just at 3 p.m. All right, take care