 All right, cyber traders welcome on back here this post traders talk edition of our afternoon meeting this Tuesday May 24th Great to see all of us perhaps rejoining us live inside our trading room I know that Robert picked up about nine or ten cents just a moment ago on this BTTX trade making another new Hide the day right now just finally breaking over to so folks. Let me just get a quick chat back Let me know if you hear me loud and clear looks like Rob Ron can at least from the live trading room So if I got him I assume I'm good to go great to see him Great to see Mark great to see Alex great to see all of us perhaps rejoining us live So welcome back as well if you're rejoining us on social media Facebook live or YouTube I'll tell you what social media today is not doing good social media stocks getting killed today You know the market actually made a nice higher low just earlier I called that out just as it was being built and it's been pushing back up pretty nicely since the spy that is but snap Facebook Twitter Interest know all these social media stocks that we were you know following from the morning They're still really weak. They're at the lowest the day right now So there's a lot to look at here the BTTX like we just talked about you know Is that the highs for right now to start this meeting off? So it's easy enough for me to just put this on our list Hopefully this remains an easy trade heading into the close just out of curiosity Is anybody in this trade currently from this live trading room here Alex or Kathleen or Anybody in this trade live currently Got a big iceberg order on the ask at 219 so for about 40,000 shares. That's you know resistance for the meantime Alex and skip saying though and that's alright. I'm just asking out of curiosity You know that doesn't mean that you should just jump right in right? We know that but it's just to say at least this has been such a nice push for us You know really coming off the trader stock workshop, right? Actually, how about this little pop quiz for those of us that were in trader stock earlier if you weren't then I wouldn't expect you To know the answer to this question But what was the price level that I was harping on during the trader stock workshop earlier today? We were going over one of our students trades and you know It shook them out but we were talking about the entry and the setup and you know They may not have had the best entry on it But there was a price level at first that I mentioned that hey if we happen to see more buying coming in off this price I think I'm led to believe it could run. Do you folks recall what price that was pop the lineup my chart in just a second? Steve picking up just about 12 cents inside our live trading room now He got out just now 207 in from 195 nice job from him Anybody recall from the live trading room and if you weren't a part of traders So I'll keep in mind that recording will be up on the dashboard later on this afternoon Kurt guessing the 180 level. Well, I'll show level four in just a bit book map We'll see if 180 was strong. It was 165 $1 and 65 cents That's where we were saying that there was a lot of buying, you know There was green dots if you were following at the time live and you know just really from that point it shook down It shook you know that that student out whose trade we had went over But from there if we put a line at 165, it's not gonna be perfect folks. We never expect perfection Sometimes we get it as a gift but here a little false breakout the first retest of the level given how long it took from the break of that price Yeah, I mean I would expect that to hold This be easy to say but you just expect that false breakout if it breaks above it at first But the more times they can needle that resistance and break above it Yeah, that's where you expect for this to make the higher high and bigger moves So, you know, it just took the next shot next shot held it as support little shake But ultimately held it as support, right again, you can't you know expect perfection But you know with that it ended up producing the type of move that you would exactly want to see so, you know If not from 165 then perhaps off of 180 185, you know, it ended up making some, you know A little support there. Let me bring up book map level for here just for right now so you would assume for resistance to be off of to and You know, I called that out in the live trading room But there wasn't really a big iceberg sitting at that price at the time at least not through the NASDAQ or EDGX CCN so, you know more or less we ended up seeing this stock make a really nice pop all the way up towards 190 at first 189 looks like some big volume initially got filled off the bid there And then once it ended up failing to like really you know move off that price lower It rebroke above it and once it rebroke above 89 talking about right here as we started the meeting You know it ended up leading to a nice new high here So let's see if 189 could be support not even as much to you know If two holds of support then it makes it that much easier of a trade really but you know just I would say look for 189 to you know, I'll give you like a 193 as support write that down actually come back to that at the end of this meeting 189 to 193 that's what we're looking for support on this trade All right, so we'll put this on our watch list easily enough, but you know, we'll go right from top to bottom Otherwise, we'll see what else we can catch All right, let's see what we got here C tech You know, it's a buyout. I skip over here SPRC this is like a chop fest. Oh my god I mean, I don't know what happened to this trader early on this morning looks like a nice pop initially, but Lower highs and sheiks just a mess. Oh It's ugly. All right, so BTTX we already have on our list. That's looking pretty pretty nice Qubt, I'm unfamiliar with this stock, but we ended up seeing it actually make a really good move earlier today I haven't checked it on it lately. So, you know, not really doing a whole lot right now, but You know, maybe keep it on your side list for the for the remainder of this week I say that because ultimately given how much the stock dropped off back from the 2021 going into this year, you know, of course it can continue to drop off But you know, that's the criteria that you would want to look for initially for a potential short squeeze You know given how much the stock dropped off over a period of time You know, hey, so maybe we'll check back in on the straight come tomorrow, right? All right, so we'll kind of skim through the gainer side. Although the market is grinding on up It's like kind of flat not really too much going on just really So PLG is at the highs here a nice big volume spike just a moment ago So perhaps someone smashed the offer we ended up seeing some volume filled off of 160 62 64 and yellow You know right now it's at the highs, but you let me know if it ends up making another pop, right? I'll kind of just skip over it for right now The CLU trade we ended up seeing this make a nice push earlier today But again just in volume it's straight 6.4 million shares So that's not like didn't but it's just a spotty chart I feel like a lot of that came from the the big spike down at first and then you know from there It hasn't really been doing a whole lot Alright a stock that seems to be doing a lot right now finally beginning to break some support the GOV x trade This is a well this a has just been a chop fest then B There's been a tease this stock has really been failing to make any sort of big move up or down up until like I just said right now. I ended up drawing a line off of 280 from the market open I believe that was the opening bell print from today. So with that. Oh, hey, if it's not gonna Tank from that price perhaps there's a chance that could build support back above it and then really begin to run higher, right? Well that happened that first but then it ended up coming back down and then again heading into the early afternoon It gave us the rare second move back up to where you think there's a chance, but the volume dies off This is the end result So I would definitely expect this to break much lower heading into the close now if you're able to short this This would be a really good stock to follow. It's hard to borrow my platform I'm not expecting many to be able to short this You know for right now I'll pass Got ETF here LAPD Earlier today bearish biotech ETF so that ended up being a nice pop today a lot of these Vicks or inverse ETFs ended up popping nicely with the market drop off initially But as you could see the spy like you know still grinding back on out towards the highs here for right now So yeah, not really too particular about the ETFs here and zoom up six percent Assuming off of earnings that in check care to but a nice little move earlier today and again It's grinding back on up, but given the price. I'm not exactly thrilled to follow it here So, you know if it was more liquid I would be like if this was actually an AMC type of trip If this is an AMD type of trade I should say Look at the liquidity one's different than another right so, you know similar price, but Yeah, right now I'm gonna pass on all right So to wrap up the gainer side here for right now I don't really see too many other familiar names, so there might be one or two that may stand out just a IMMX All right, so you know what that just about wraps it up from the gainer side folks Let's hop on over to the losers list. There are a couple of stocks I do want to show you those social media stocks like Facebook Twitter snapchat That was Positions all right, so first up here. We got snapchat. I actually skipped over the GNCA trade and MSPR But you know right now snapchat really good short even furthermore for the afternoon comparative to you know mid-morning You know dropped off from the market open, which was nice But personally and we talked about this in traders talk earlier today You know I was looking for a retracement up before the pullback before the drop-off again I should say so I was looking for I think it was even 1550 as a big resistance to short from just never got it right so You know I wish I could tell you I jumped it right on right right in the straight from the get-go But I didn't I ended up switching course and moving on over to the GovX trade And then also the Sega stock too But you know more or less this stock ended up providing good opportunities for us throughout the late morning early afternoon And especially recently this ended up moving up towards 1320 There was a bunch of short covering that came in but the stock failed to break and really squeeze off that price So you know when there's big short covering coming in you're seeing a bunch of volume getting filled from the ask All right Well if the stock fails to run off that price and if it falls back under that price then you got to treat that as Resistance right well, that's what I wrote in the trading room and so few words. I said you know snapchat has Resistance at 1320 are here So shortly after that happens Pull back right back down and with that you could see you know, I've been in this trade for 19 I ended up taking part of my position out just to make sure I take a little profit here at this point Don't want to be a jerk and hold on if this ends up You know making some sort of squeeze up so I have my stop set at least but yes snapchat as a short definitely gonna put Back on our watch list here Then there's one more little moss Can be more than that but one more here for right now, but Pinterest this one. I'm not in this one is Actually made a nice bounce back up from mid-morning Didn't it ended up dropping off really nicely from the pre-market into the open ended up bottoming out just under 1620 there and then move back up quite nicely perhaps more at the market than anything You know remains really tradable So if you did really well on the stock earlier today, then you know you are right the reason I like to phrase it that way folks is because there's so many different stocks to put on our watch list here So, you know at the end of this meeting, you know once we post the list You know, it's funny because I'll still see call outs from you know Students or members in our trading room on stocks that we didn't look at during the meeting Just somehow they're moving all of a sudden after we finish up the meeting, right? But you know, it's just to say like let's stick to the list Let's try and keep focused on the ones that look the best near the highs near the lows This would be on the cusp of making the list right now the main watch list for the afternoon But you know again, that's where I say hey if you locked in 50 cents a dollar on this trade early this morning And you personally want to revisit this one for the close You know who you are, right? So that's where I say that too A&F probably could say the same thing for here ended up dropping off early this morning perhaps with You know bad earnings. I know the 8 EO trade moved with it American Eagle Yeah, I mean this one's dropping off pretty steadily, but it's not exactly near the lows, right? So I feel like if stock is more near the highs or lows There's a little bit more, you know momentum or to it you're heading into the next, you know, 75 minutes So, you know, could it break lower? Yeah, again, if you did well on this trade earlier, then I'm sure that you put more focus on it All right, probably could say the same thing on lift. I haven't even checked out lift today Geez down 16% right now and this one Right right at the lows right at 17 So seems like it just broke below big volume off the bid there So that seems pretty interesting a lot of selling coming in at first You know, just be patient with it not necessarily the time to jump in right now showing great direction at least so, you know For right now, I definitely you know interested in lift Did anybody trade lift from our trading room earlier today or like this kind of like fly right under the radar here all day It's alright if it did because at the end of the day we had a really good day just on other trades But yeah, this is the first time I'm seeing it like lift. I mean no one else called out lift inside the trading room today pretty interesting All right. Well, hey, hopefully a lot more left to it, right? So, you know between lift and also while we're at it We'll check out uber Dropping off pretty nicely here in the moment So you do have support on this trade off of 2150 of 45,000 share icebergs sitting there So alongside lift definitely will take uber alongside with it And then just for catching up here that the trade I wanted to show you alongside snapchat was Twitter. I Mean for all this life inside the trading room It was pretty quiet inside the chat board just up until the meeting started So, you know, not not too many call outs out there, right? BTTX we're all over and then from there Twitter and Snapchat so Twitter has just been only dropping off even further since I ended up starting this meeting So I'm pretty happy about that for right now. We'll take Twitter alongside the snapchat trade there on the watch list So I'll tell you I mean for name brand stocks and then the BTTX which just seemingly is just moving up higher That didn't pull back to to let alone 193 to 189. So, you know, that's just a missile right now All right, folks from bill inside cyber group great to hear from you bill. He says level one trade FSR Fisker, right? Yeah Pretty good trade damn down over or nearly 18% here. I guess I like kind of skimmed over it Oh, it's hard to borrow my platform. That's probably why I glossed over it. If anything, let me just take a second look Here's the veeru trade, you know, we'll check that out. I guess You know Roku I kind of glossed over I didn't see that actually so I like the FSR We're gonna add FSR to our list just because it's hard to borrow my platform doesn't mean it's hard to borrow yours Roku right now. I mean hey dropped off earlier today broke a new low going into like one o'clock You know big volume got filled off that 76 It seems but you know ended up making a really nice squeeze shortly afterwards So I'm sure it's gonna come back down closer to that price heading into the close But you know in terms of price, I mean, I think there's better to follow right From RJF on YouTube welcome back to RJF EV okay asking about this one pop kind of during our meeting but not a whole lot of volume going on here He even noted that they're just a moment ago. He says forget it volume disappeared. Yeah, I sure did right geez all right, so It was good call what lasted but uh, you know once the volume dies off just like we always talk about here We know it's gonna happen afterwards All right folks. I think that's just about wraps it up for me here Just to check in on the BTT X I mean, I just mentioned it but no pullback at all on that trade that thing's still grinding on up So it doesn't mean that it won't pull back though So just be on the lookout for a shake back down towards to or even towards that like one 90 ish area 190 ish so far would be the bigger volume levels. So keep that in mind I'm kind of looking for that to be the stronger of the two if anything You know for all of us in social media Facebook live YouTube Hey, if you wanted to if you wanted to uh, you know a 10 Fausto's webinar actually later on this afternoon I know today being Tuesday. He's doing an introductory to live day trading webinar coming up at four o'clock eastern time So if you wanted to join him and get his insight on the market, I know that he was out this morning He's actually gonna be out tomorrow morning, too I'm gonna tag in from I believe tomorrow morning as well So if you wanted to listen to Fausto and get his insight on the market for this week Make sure that you go right to the link on the blue banner below right there to sign up for his webinar right today at four o'clock If you can't attend live we that that way at least if you register you can get the recording So definitely make sure that you click that link either way or go to that link from the blue banner below For all of us inside the live trading room just I'm gonna jump back on the mic right at 3 30 You're coming into the close. All right. 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