 All right, I think that we're good to go now on YouTube and Facebook live I ended up realizing just a moment ago no sound so for NCA and RJF. I appreciate you there on the chat Just saying that a moment ago. Just caught that here. So really quickly. It's to say over the last seven minutes We haven't really been talking about much markets are dropping off inflation numbers came out. So we're expecting Continuation don't look to catch a bounce here at this point But although we're expecting continuation don't be discouraged You know if you can't short a stock don't be discouraged if you're trading cash or IRA and you you know markets are dropping You may have to be patient or for a stock like VERU or for a stock like EMBK You know the two stocks so far that I at least put on the main watch list here Again VERU and EMBK Those two will put on the main watch list. Hopefully for those two or one of those two They'll look to make a big pop go against the grain And we'll see what else we got here, but we're wrapping up the gainer side for right now I haven't added anything else to the pre to the morning watch list so far So I feel like we're gonna find a lot more on the loser side here. There is one more I want to jump to really quick You know, I don't know if it's gonna continue to push up with the drop that we just had but you know It looks like Li, you know pretty volatile pretty not say volatile pretty pretty active trading a lot of volume I should say here throughout pre-market. I think that's coming off earnings here this morning So for right now, you know li I'll put specifically on our list here, too Okay, so let's jump to the loser side now now that I got everybody here on Facebook live YouTube and inside the live training Let's jump to red box here We ended up seeing some news come out with red box and a company by the name of chicken soup for the soul Chicken soup for the soul ended up I think it was a merger M&A basically a merchant agreement. So you know with that it's not technically an official buyout You know so where like you would expect red box to gap up and flat line Fact it ended up reopening up off a hole and tanking end up leading to a great squeeze back up from that point I was not expecting it as big of a squeeze as we had at the time here So, you know, it's to say that four became a pretty strong top and then from there pull back down pretty sharply So, you know, is the end of the short covering Or are we done with the short covering here at this point? Is are we gonna see any significant buying on the straight after the open? I'm hopeful that we do but you know If we don't I'm not gonna be surprised. So for right now red box I'll put on our list as well. You know, at least just given the activities throughout pre-market so far I think the chicken soup for the soul one that merged with red box here is see SSE You know head straight 216,000 shares. It's on the gainer side should have jumped to it But you know, it's pretty flat heading into the morning meeting at least after the you know pop and drop and then you'll kind of shake around It doesn't really look too great right now at this point If anything we were a lot more familiar with the red box trade The red box has been like just a really volatile stock of late, you know, just proven runner over the last, you know Month or so so I feel like there could still be some momentum and height behind it in that regard You know, if we happen to see some good buying coming in but you know Again, just be care of be careful and be wary of the volume to drop off here over time You know throughout the morning when the volume drops off for a stock Especially for a short squeeze type of play like a dead cat bounce type of play the stocks gonna drop off pretty sharply You know pretty quick pretty quickly right right away after Mac you're on YouTube Asking you think UVXY will break out today. It seems range-bound. I'd like your avatar I Do I think it's gonna break out today? Well, it already started to after the inflation numbers came out at 830 So with that, let me just quickly jump to UVXY. It's up 2.4 percent So I would not have found it, you know across that gainers column there But you know pushing up off the inflation numbers that came out then pulling back down a bit here But I'm sure after the open will catch you bounce on this year So I'm not too particular about trading the ETFs if you're new to this morning meeting normally Fausto would be the first to say that, you know You can't really apply level three strategically to an ETF or ETN for that matter either or but you know, hey volatile times We'll put a little bit more shine on these right because they're pretty good indicators of how the markets are doing and Then otherwise if the markets are making a significant move and you're recognizing that then you could follow this at least with other Strategies, you know, whether it be just basic charting principles Indicators that you may have moving averages Mac DR side whatever it may be But I'm just pointing out that for any one of us inside our live trading room that you know Is seeing me put UVXY on the watch list here and you know wants to trade it I would be extremely careful, you know, if you're looking to apply level three to it You cannot it's gonna be very difficult to at that So, you know, please take my word for that at least but UVXY I'll put on our list specifically because the inflation numbers came out So if we're expecting a pretty volatile market here throughout the morning, then you know, I would look to at least, you know Follow UVXY a little bit more Yeah, let me see what else we've got here Jump back to the loser side here at the U trade down 33% Shortable dropping off quite a bit right now. I don't know what the news is on this stock Whether it was earnings or whatnot, but you know, I don't really care either way You know if I was to it also be the first to say that himself too, you know Shortable it's trending down very steadily very nicely The only issue on this one is that the order book is pretty thin So you're hoping for that to you know fill in a lot more after the open I would expect for it to but I would also expect for the spread to still be kind of like fluctuating anywhere between like You know two cents five cents or so, you know throughout the morning throughout the entire morning at least So this is probably more of like a level three level four stock at that But yeah, I mean it's trending down greatly here turning down really nicely So, you know, we'll put this on our watch list. You're kind of expecting continuation throughout the morning at some point All right, so we got RC us here down big but flat We're gonna pass on that and then that leads me to point base. Oh Man, all right, so we ended up seeing the inflation numbers come out But you know crypto has been dropping off for a long while now If you want to if you want to stick with me here in the afternoon I'm only talking to all of us on social media right now Facebook live YouTube for all this live inside the trading room Just hey, hey, just stick around later on today come back at 2 30 for all this On Facebook live and YouTube later on today. I'm gonna just do the afternoon meeting I'll show crypto a little bit, but I'm going to copy and paste a link that I ended up You know or a video I ended up making a link for that video I put on YouTube it was the first one I ended up putting up for Bitcoin kind of just a quick analysis back in Leech January on what would happen if the You know bull market were to end right then and there or if it has already ended Well, I think that we could certainly answer now that it ended You know whether it be right then and there or a little bit later on or even beforehand crypto's tanking, right? So Bitcoin's back under 30,000 teetering right around 30,000 or under that at this point So Coinbase dropping off with the market dropping off with crypto. It's like a double whammy here for this with Crypto and Bitcoin Long story short from that first video I ended up publishing back from late January and again just this afternoon I'll copy and paste the link for that for all was there. So if you want to stick around there later on but You know, I ended up summarizing a move where I was you know saying you know in worst-case scenario We could see Bitcoin in particular drop down towards 17 18,000 All right. Well, we're still relatively far away from 17 18 You know for at 29 or so right now, but hey, we were pretty far away at 40 and 42 and 51 right, so You know at that point should Bitcoin keep dropping off or I'm getting two years. Well, guess what's going to keep dropping off with it? Coinbase so, you know, just if you're looking to follow Coinbase. It's not just You know, you're just following the S&P you're following major markets You got to keep a really good eye on Bitcoin in particular too So if Bitcoin's pretty weak against the S&P over the next, you know, six to eight weeks Let's just hypothesize this would not be as strong, right? Well for right now at least we're gonna put this on our watch list really good short at least heading into the market open Albeit a little expensive I would expect I would expect the spreads to fill in pretty well on this one pretty name brands Stock at that treats a lot of volume day to day recently and the cheaper gets it will definitely fill in a lot more So, you know, this will be you know one to even like just put on our side list more day to day as a day trade Norman saying Mara and Riot would be dropping to them, right? Of course. I called out Mara earlier this morning You know shortly after 8 30 I was saying, you know, just hey Mara is dropping off pretty steadily You know, that's all I was just commenting on there, but you know, nonetheless I'm sure we'll run into Mara and Riot, you know MSTR micro strategy. They're still pretty expensive So they're not gonna be a good day trade at this point But you know, those are all the major crypto crypto mining affiliated stocks to it to a great to great All right, so let's see what else we got here folks to wrap it up I mean really I mean there's still maybe a lot more to go through here because number like 46 is down 8 plus percent So there's definitely a lot more that's down if there's anything else that looks good, you know It's a short in particular or as along if there's anything popping, you know, right now is like we're going You know, let me know type it in the chat board here and thankfully now especially since I have the audio Won't happen again for all of us in YouTube and Facebook live I thought I was good to go from the get-go there like double check the audio before it jumped on So there's anything else up down left right that looks good folks. Just type it in the chat board Let me know Mara here just for the meantime down over, you know, down nearly nine percent You know, just near the pre-market lows heading into the open. So, you know, this will go on our list here as a short Riot same thing. So I'll tell you what so far right two Four six eight different stocks and then we got the UV XY, you know ETF on the on the list, right? Let's jump to the three stocks that I ended up, you know Saying that we jump back to here at the end the three stocks from yesterday that no for one reason or another ended up You know treating us pretty nicely. So the SoFi trade we ended up seeing this get halted Their earnings ended up getting leaked throughout the late morning ended up getting halted off of that And they ended up reopening up just shortly prior to us doing the afternoon meeting yesterday Ended up making a really good retracement back up I was pretty surprised but no ended up holding the exact level that we were talking about the exact level that I called out to You based off the halt the halt print at 510 So that led to a really nice dead cat bounce on the SoFi trade across the afternoon from yesterday heading into the market Open right now. I mean obviously right back down it goes It just remains on our side list trading a lot of volume it shows direction, you know lower highs It's flat over that 510 right now So, you know, that could be a really good level to take as a short later on today Who knows but you know, it will just kind of remain on our side list here the SoFi Stock geez Telling us get tired there All right VRM. Let's see what else we got here VRM at least one from the yesterday morning pre-market ended up Making a really nice squeeze up you can see that on my five-minute chart ended up popping shortly after the open but It goes to say what I brought up earlier when a stock is running up off a short squeeze or no dead cat bounce When the volume dies off on a stock like this, it's gonna crash down really quickly after So the VRM trade ended up doing just that. I mean hey I kind of pulled back down a little bit more here after after eight o'clock So, you know again, I don't know if it ends up showing a really good signs of life later on today I'm sure I'll be interested in it, but for right now pass and then lastly the last one here the Peloton trade one from yesterday ended up making a nice continued move up heading into the early afternoon So ended up doing pretty nicely on the dead cat bounce But this is more of like a neighbor and stock where you know, the dead cat bounce the short squeeze type of you know Reference I just made before I was relating that more towards like a smaller cap stock There's the same could certainly be set on a peloton, but you know peloton at least is a lot more liquid You know trades, you know tighter spread, you know a lot more volume and buyers and sellers on the order book So, you know at that at least you know it ended up holding strong for while it could but even that ended up crashing back under 13 you know tank to like 12 60 ish into the close Right, you know again. I don't just another one that will keep on our side list here Nothing really too special about it here for the open here at the end here Bill saying UPST Wayne on UEC and then the Thought that there was one more right from Norman Roblox, right? So UPST is hard to borrow it's down over 6% so dropping right back down ended up putting this on our watch list from yesterday Dropped off pretty nicely after after the open So if you can get shares to short this one go for it for right now though I'm gonna pass on it at least for the mean for the meantime. I want to see Roblox Maybe you know just to find something steadier on the way down, you know after the open I'm sure if we happen to see some good selling on that upstart trade bill. It will remain a great short You could say the same on Roblox here Roblox coming off earnings like Norman brought up earlier here Post market yesterday dropped off 24 50 ish down to like basically 20 So this has some pretty good direction to it is easy to borrow a little bit cheaper to than upstart spreads Will be better on this one going into the open even though it's coming off earnings You know just wait like the first five or so minutes and the spreads will fill in a little bit better But yeah Roblox good call on this one Norman. I like this one Then I think that just about wraps it up folks, right? All right, so folks I gotta fill up on water My tongue has been tied here for the last five minutes for all of us in Facebook live and YouTube I really appreciate you folks sticking with me here this morning, especially with the sound issue just before And then with my dry mouth here just now so if you have any other questions, so let's comment suggestions The more than free to send it on over through email I always like to post my email here at the end of the streams Josh at C2 trading comm And then otherwise if you wanted to join us inside our live trading room feel more than free to do so Just go right down to the link on the blue banner below to sign up But for all of us there right now like Leda and Mike and Grant and Norman and Bill and Wayne Fill up on a water, but I will be right back for the opening bell coming up here at 9 30 folks talk to you soon Come a cyber group member today Just click the link below and receive all these amazing products and a world of knowledge for just $9 do it today