 All right. Good morning, separate traders and welcome on back to close out our week here this Friday August 19th Great to see all of us inside the live trading room. We had Andre Ray Renzo Jean Michael Grant Malcolm We have Norman we have Jeff Leda Nina and Kathleen all of us Egan and Brad Don't want to forget about Brad and Charles and Karen. Jeez. We had all of us here today The whole family together here this Friday morning. Great to see all of us there Great to see all of us back on social media Facebook live YouTube. It's a Friday. It's a bit of a casual Friday for me here So backwards cap t-shirt. Let's get right to it folks Brad says audio breaking up that that scares me right out the gate folks be good inside the live trading room Folks hear me loud and clear just a moment ago. I did a sound test. I thought it was good There we go. Voila. All right, so I'm gonna keep moving forward Great to see all this back on social media though Facebook live YouTube I'll tell you what market was a bit wonky yesterday and markets are down this morning But man, there's a lot that's still moving out there not just on the way up But obviously and although we have MOB Q on the screen here to begin. I'd be remiss to not begin by Mentioning bed-bath beyond right? I mean, oh my god. What happened to this thing in the after hours This thing got clobbered ended up dropping off from over 18 all the way down to close to 10 I think it bottomed out at like 10 06 in the after hours I was talking to Rich about this just over the evening just you know I saw it first and he ended up texting me actually like right around the same time like man Did you see what happened on this bed-bath beyond trade? So the news out on it? Just so you all know and I thought this was like pretty much news beforehand because this one ended up dropping off from The afternoon back from Wednesday this week, right? I don't think I have my chart settings to even go back that far to say, you know Wednesday afternoon has started to drop then pre-market yesterday morning continued to pull back and then here We are once again. So the news that came out I think it was with Ryan Co and that's Steve Cohen Ryan Co and it ended up Selling I think at first he had said like 7.7 million shares Now at this point, I think it came out in like a form 13 F or D that he owns nothing He completely sold his full position. I looked online and I think he ended up profiting like 6765 million on that exit on that position. Oh, it's nice to be him, isn't it? Now we're not looking to swing trade bed-bath beyond we never were You know who this sucks for and this sucks for the the new traders out here, you know post COVID You know, it's ended up seeing the market fly to break new highs then and they end up seeing the meme stocks back then too They might listen to Kramer and get Jeffrey inside our live trading room saying Kramer won't shut up about it yesterday Well, I'll tell you what we're gonna move forward from this stock in just a moment But it's the memester is all the people out there and unfortunately not just like the uneducated trader Like the younger trader, you know, someone in there like late teens early 20s, you know late 20s I'm 30 turning 31 So I can't imagine for like one of my friends who has no idea what they're doing in the market You know, maybe they're looking to buy a house soon They want to you know really get the money to do that and well, they jump into this bed-bath beyond thinking Oh, it's gonna keep going. It's gonna go up to 60 or 70 a hundred And then look what happens and they're trading on platforms brokers That don't give them the access to get out of the trade in the extended hours trading whether it be pre-market or more often They're not after hours like you're seeing here. So That's brutal that that's terrifying to be a part of right. Well, thankfully for Jeffrey Brad Grant Carol Karen Brian Brian I got your email and I think the the restaurant suggestions. Yes, I appreciate that You know for all this year we're all educated enough to know that we're not going to look to hold on to this position Especially from yesterday after it was already dropping off and tanking from then from Wednesday afternoon Now we are day traders, right? So with that in mind this thing is down 35% it was down over 50 to 60% from yesterday and pre-market this morning That's why I put this on the pre-market watch list. I mean, there's a chance, right? It ended up flattening out early in pre-market here But man once this ended up breaking above 1075 seemingly 1080 from their 11 beautiful day trade, right? You know, it's very liquid order book right now, too That's what makes it even more tradeable than anything else. So yeah I mean, it's a pretty fast moving stock and it was even that much more fast moving from the last few days But you know, that's why I had on on the list this morning at least ended up making nice dead cat bounce to begin And for right now we'll put this on on our main morning watch list here for the open no water today and energy drink Celsius Looks like a seltzer right by the way. It's like, oh, we're not drinking this early folks. It's a Celsius energy drink All right, so let's keep going. What we'll do is go from top to bottom I mean the bed-bed beyond trade I wanted to just at least talk about to begin We actually had MOBQ on our screen as we started the meeting So this ended up making a big push after a 30 had called it out off the initial pop and then from there Thankfully ended up trending back up making lower highs as they're making a higher lows Pulled the fowster there made higher lows as it made a squeeze up towards 190 from there broke above 190 and even two It's been having a tough time really breaking higher since perhaps it could do that at the opening bell So MOBQ I'll easily just put on our main watch list right now alongside that bed-bed beyond trade I thought I had my Benzinga Pro up actually I Have it up on my laptop screen here, but I can't get the news on that That's like my screen or my scanner. We'll look for that coming up at the end. So the news on MOBQ Let me just take a look as to why the stock is up 39% Looks like all that came out was like earnings They reported quarter to year-over-year revenue growth of 273 percent and that's a pretty nice statistic I'm sure there's other tidbits and headlines with that earnings report So yeah, I mean ended up making a nice squeeze this morning great day trade You know, hopefully this continues after the market opens up You know what I'm gonna say when the volume dies off. So does the stock? So the same will happen at some point throughout the day today. That's what you got to watch out for When the volume dies off So does the stock GCT here ended up making a huge run up and then once the volume essentially dropped off It had a big spike here right at 8 o'clock but since that it was peaking here at this point is 752 once it topped off at 28 So when the volume begins to die off right from there after it ran up as much as it did I mean stock didn't double up, but it was you know a big move from 18 1850 upwards to 28 29 So 10 11 point move up on thin volume. That's the key part about this trade. It was on thin volume So with seeing such a big spread and tinier orders out there on the bit in the ask It's gonna make for a big shake back down and the type of shake that's much harder to get out of especially here in pre-market You know pre-market. There's no stop orders. There's no market orders for any new day trader joining us here Yeah, you can make a lot of money, you know trading pre-market running a stock up But what happens when the wheels fall off? So that's what you don't want to be a part of that's what you have to train Beforehand in order to learn how to really capitalize on meaning that you got to learn how to trade during the regular trading hours With real money before you start trading pre-market and when you begin trading pre-market you do it on very tiny shares You know even one share like Fausto says right, you know, whether it's one ten twenty shares Just minimal so you know that you're not making the big bucks That's not your intent of looking to learn how to trade pre-market But that is how you learn and gain the confidence of knowing what's right. What's wrong? You're gonna make you know Mistakes and you're gonna have some good, you know successes that you're gonna learn from at the same time So GCT here getting back to the at least consideration of putting this on our morning watch list It's a new IPO from yesterday. So it broke above yesterday's high all-time high territory here I'm gonna bank on the I'm gonna hope and bank on the order book filling in a bit more when the market does open So I'll put this on our list. It'll probably near be near the middle or bottom by the end of it all Agl I was pretty hopeful to see the break over the VWAP at the time right off 87 cents here after 8 a.m We didn't have this on our main morning watch list. It was you know below a dollar But otherwise with nothing else moving really at that point I was pretty hopeful to see the pop just held perfectly and then from there dropped off So I'm sure that this can make a small move after the market opens up But for right now, it's still trending downward. I want to see if there's anything looking just better right now All right, so the SMMT stock we had on our pre-market list I was pretty hopeful to see this at least hold support off of 138 ended up breaking below 138 prior to us beginning this meeting and held it as resistance after You know this one I'll put on our main list at least it seems like it's trading a lot of volume right now Similar to AGLE I reckon but you know this one over a dollar I'm more hopeful to see this make a cleaner more concise run So SMMT, I'll add to our list here You know, I would say the VWAP is still going to act as resistance on this one that and also just from what we had from earlier 138 as a key level All right, let's keep it going for right now footlocker You know normally we'll put footlocker on our list off of earnings, which is what I'm assuming is what happened this morning on it Yep, oh new CEO also well So they ended up soaring on their quarter to EPS beat and then they ended up having a transition within their board with a new CEO So, you know a little extra news out there on footlocker this morning pretty thin order book though for an expensive trade So I would really just focus on the whole number levels on this one that being 40 right now having a tough time moving off of I'm gonna put this kind of towards the GCT on our watch list here It will make the cut, but you know, they'll be very thinly traded So again, you heard me say it very firmly yesterday and you know, that's where I say like there's some of us here that Kind of think that they're not really like a level three or four or five trader But they're making there they are making $500 a day more days than not folks if you're making 500 a thousand of course, you know more than $500 a day Consistently with us day trading you are a level three trader at least So I would suggest for you personally to keep your eyes on this footlocker trade Should you be one of those traders here? If not, then I would rather you follow SMMT. I'd rather you follow How about this given the liquidity? I'd rather you follow bed-bath beyonds for right now You know if it explodes and becomes way too fast for you to try and you follow the order book on Then maybe trade lighter shares or even just move move on from that all together But I'd rather you trade bed-bath beyond there at that point So, you know, we'll see what comes at this footlocker trade If it becomes a better run off of the 40 level afterwards or if we end up seeing Continuous volume filled off the bid here some early selling after the initial pop off 40 So, you know the more history history repeats itself in that front Perhaps that could lead to a nice pullback a short back down at least first At the AXSM stock from earlier talk about thin volume and an expensive trade to some I'm gonna skip over this one, honestly M NMD Minnesota doctor Rob. There we go. Her nickname from yesterday on this trade. So, you know, it's just choppy, right? It's teasing us for another move up What I mind putting my mind putting this on our watch list. No, I wouldn't you know This could be a nice trade once again, but there's just like not really that much direction just yet So it's more of like a hope than anything So I'm gonna kind of just put this on our side list for right now. It's a Friday It's a pre Labor Day Friday. Obviously Labor Day not until you know a few for a few weekends from now But we're getting there. So, you know, it's the end of the summer We want to spend time with families before you know, kids go back to school. I have no kids But I know that for fact from Fausto, you know You always hear Fausto say that this time of the year in particular and with that just it's the end of the summer So if it's nice out, that's where you should look to you know Step outside do things that you'd like to do go boat and go to the beach go plant or garden or whatever it may be Right. So with that, you know, I'm not as picky to follow this stock on this type of day That's it. You know, maybe after the open if it shows better strength than definitely All right, we keep it going. Let's see what else we got here on the gainer side We'll hop over to the losers list next current time 9 13 I want to make sure that we have enough time to prep and get ready. So we'll kind of skim through this year really briefly STRN not much going on there tblt I thought one of us had called out at some point yesterday Maybe even the day before looks like this right now is trying to make a little bit of a push It's up over 8% you know a nice little pop off of 525 ish 530 I don't have my level for open for this trade in particular But for right now, it's interesting here that tblt Hopefully this makes another big move after the market opens up Let's see if there's anything else looking, you know good on the gainer side with the market down Perhaps even a UVXY could be called out right now. I don't see it here. Just yet Type in UVXY VIX ETF Yeah, it's up over 3% it was up a little bit more earlier, but for right now hold off on like the ETFs there I guess the market's not down enough yet for UVXY to be really pushing up just for right now Bed-bath bed-bath beyond ended up topping off seemingly at 12 on a pull back down towards 1150 in the VWAP off 1143 that's the first test of the VWAP as support so that could be a pretty important moment to see it bounce So for right now, we already have this on our list looking pretty good as just a day trade a day trade remember folks I mean from the get go even as this was running up, you know in hindsight you could say oh, it's a swing trade Oh, that's a nice move up Big trees fall hard what goes up comes back down So, you know, it's not just to say that but then you never know what's gonna happen with this type of like news that comes out where you know Big board member Ryan Cohen ends up selling his entire Position getting out of the trade. So, you know that at that point this can make another nice bounce afterwards But just I'd be really careful of watching the volume die off after a big volume spike like you have here All right, let's see if there's anything else otherwise on the loser's list the stone trade STNA maybe off of earnings Dropping off pretty spotty chart here in pre-market, but I'd anticipate the order book to fill in more We ended up doing pretty well in the stock as a day trade Back, I mean these big volume spike days you could definitely say but more so from here Ended up making a big gap up back in the mid March and then from there ran from like roughly 12 12 10 ended up running up towards 13 90 moved up higher the next couple of days But I pulled back down pretty sharply it was shortable back then and you know once again on the downside today It's down over 14 percent shortable right now right now my trade station platform It's testing 10 breaking below 10 right now even I don't really see much volume filled off of 10 And you could just see that based off the volume bar here on the right side of the level 3 So I'd be really careful at least heading into the open on this type of trade look for the order book to fill in More for stone, but as a short we'll look to see if it could re-break retest around that 10 level afterwards All right folks. I think that might just about wrap it up I know we have a couple more that are down here So I'm just gonna skim through look at them like coin base, you know pretty expensive It will be pretty liquid so that I do like if there is an expensive stock that you're interested in I'd rather be liquid right so coin base could be a good one to follow on the way down with crypto And then the market as a whole riot riot is down big and it is shortable Mara, I know it's been very tough to get shares to short. So, you know, I'll put both on perhaps, you know If you're on interactive brokers, you might be able to get shares to short on the Mara trade But Mara riot those crypto mining Bitcoin mining affiliated stocks, you know We'll see what they could do at least once the market opens up All right So for any one of any one of us on social media Facebook lab YouTube Let me know if there's anything up down left right more than 5% I guess anything else but anything else otherwise that looks good That's moving active in pre-market here that you would want me to check out Had one of us mentioned inside the live trading room This was really early on in the morning and I just want to make mention of this because you know Hey, it makes it helps to ask these questions as a student. So Ted You know Ted S has been with us on and off for a little while now You know a couple of years in and out. So he was simply asking this morning You know, hey, what about Lizzie L I Z I, you know, it's down big right if it was short of all Yes, but unless if you're expecting like a really big run back up afterwards There's a reason why it's down now 19 or 20 percent now at this point But you know makes sense to ask that question though like hey, should I look to follow this stock? It's all right to hear no Right better to say no than to say nothing and to have you go into a trade I was on a coaching call with one of my students yesterday and they had an entry on this stock are EUN and it was at five like right here right here Maybe one of these and he was like kind of in the position a little bit like up a few cents at the time But the stock was trading such a little volume day to day here That unless if it runs off the level shortly after you get in If it's not gonna make that big move up There's only one other way the stock's gonna go and for such a little volume stock Ended up completely dropping off. It makes sense to ask right Jan is asking here in the chat board is the game plan to short stocks today Well, if the market drops off certainly, you know, you always have to follow the market That's why I have the spy on my five-minute chart here when rich retakes my screen over here He's gonna have the spy on his five-minute chart You know do is do as you may with following the market whether it's the cues or the spy or the SMP as a whole or you know The NASDAQ 100 whatever it is Any major indices is great to follow and once you see continued direction up or down Then it's a better opportunity to longer short, right? But aside from that it's not to say that You know MOBQ is gonna move with the spy It's not say that SMMT is gonna move with the spy the smaller cap stocks based off of news They're gonna make their own moves. So to say comparative to a major index If you was saying VLCN just popped right now Bingo, there we go. Nice move. So instantly, you know, I'm gonna put this on our watch list It's a big it's a cheap stock and very liquid mine do off the pop So what's the news on this VLCN that led to this, you know near 70% move and counting Quick quick a little break first VLCN obtains pre-orders that sell out their entire 2023 forecast They have a hundred plus million dollars of potential revenue that they just made. So that's nice to hear. I Have no idea what this company sells All right, so Vulcan VLCN is an all-electric off-road power sports vehicle company Developing and building electric two-and-four wheel motorcycles and utility terrain vehicles That's pretty cool. Nice. So electric and I guess just the news that came out where they ended up selling out their entire 2023 forecast and they generated over a hundred million dollars in potential revenue That's a pretty nice reaction. So great call from all this inside the trading room here on that Janice asking asking also are you looking at the TBLT trade? I was from earlier. It looks like it's pushing up a little bit after nine o'clock Yeah, so we have this on our watch list already I was wondering if it ended up breaking out any higher if it dumped off It had a little pullback from where we left last left off on it So the TBLT trade is already on our list But you'd want to see some good direction afterwards a higher high up towards that 550 again All right Bill saying right now he has trade station. You just got to prove for shares to short on Mara. Nice. It's good to hear All right folks I think that just about wraps up for me here across the mornings for all of some social media Facebook live YouTube if you're Interested in joining our live trading room go right down to the link on the blue banner below right there the stream to get Yourself started but if you have any questions beforehand any trades that you would like to go over with me through Email or any anything to do with these meetings as a whole feel more than free to email me I always like to post my email at the end of these streams here Josh at ctu trading calm Of course for all of us inside the live trading room. I'm just a private chat away there. You know where to find me I'm gonna jump back on the mic and t-minus eight minutes to get things started here for the opening bell I'll talk to you soon folks. 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