 Sebra trip noon May 8th shortly after 2 30 p.m. Eastern time welcome on back here for our afternoon meeting great to see Michael still sticking with us here as well as Dan just before Kathleen a moment ago talking about space SPCE and great to have all verbs students and members alike back inside our live Trading Room and for all this back on social media Facebook live LinkedIn Twitter YouTube the works welcome on back as well Hey, market just ended up making a big head fake on the way down then back up So a nice slingshot rather Fausto and I would call it here So very bullish you're heading into the market close looks very strong looks like a Fausto flag even building here right now Just looking at the S&P chart the spy here just on my 10 minute Nevertheless we got PacW trying to make another move back up right now I'm not looking nearly as strong Comparative to the overall markets today, but with that in mind. It's just been extremely tradable out the gate this morning We were looking for a pullback on this trade once the market opened up the issue on it Was just that it ended up breaking below 643 650 and it did it pretty quickly So you figure support would not just turn into resistance there But it's gonna keep dropping lower and it's gonna take time and it's gonna build up You know it take a little while to build up I should say so I'm not in this trade now I was playing it with it just earlier I took a tiny loss and then flipped it into a profit, but not holding on to this trade now This could be extremely tradable at this point heading into the close it really could be But I want to see what else is out there Otherwise maybe something just moving better with the market perhaps you know on better news even so we'll come back To this PacW trade, you know put put this on our side list to start All right But let's just go from top to bottom really quick folks We got the TRV and trade the stock ended up making an enormous pop once the market opened up today So you know kind of took me by surprise at first because I wasn't really expecting this to kind of just pop out of nowhere cheap stock So ended up pushing up from 80 cents up to a dollar all right well Hey when it breaks over a dollar it smashed above it so fast. All right, well hey, maybe at worst one could become support Well, it didn't even pull back there. It just you know held a higher low from 120 seemingly But it just kept on going I didn't take a single trade on the stock throughout the day Just normally for as much as the stock pushes up throughout the late morning early afternoon You expect for it to pull back die off. So not a surprise here But again another pop so definitely surprising here I I feel like it's gonna pull back at this stage like I thought before but in hopes of it making one more run I reckon it doesn't hurt us to at least put this on our list, right? You know has good liquidity for right now the more pushes up the thinner it will get But it's still on a pretty tight one to two cents spread around so You know hey, I'll put this on our main list for right now, but I feel like it's up a lot BLCM you could have said the same thing here ended up making a very strong move once the eight o'clock move hit there and pre-market So, you know ended up making a strong push up to a dollar Hey, it held it as supported first pushed up doesn't look like the biggest move here But if you were assuming pullback, it's good for about a 10% gain I'd say that's pretty healthy and I give it to you another time here, right? So did it make the biggest move ever after no it popped up enough already from pre-market So ended up making the lower highs eventually pulled back, you know broke below a dollar lower So we're done with this trade now this BLCM. I would scrap it off your list Don't focus in on it at least until tomorrow morning if it's even up tomorrow morning, right odds are I'll probably be dropping off lower Probably say the same on a bunch of these cheapies here. You got the stock a co are I didn't really realize this until now VV PR were familiar with the sticker. I didn't realize how cheap this became. Wow. This thing took a huge hit over the last year year and a half Yeah, we traded the stock back in 2020 here big push All right, well, I skipped over one or two here for right now folks and I was gonna get to it So SMX this is really the one I want to focus in on for right now I am led to believe that we can get a pretty strong pop on SMX into the clothes I say that now I mean I said it from the morning. We took advantage of the morning pop, but it didn't really tank It didn't flop back below that red and white line there didn't make a lower low So if it's not gonna tank like we would think it would Well, you're saying there's a chance then huh and inside our live trading room You're calling this out off of two saying head love to see this make a move off of two bucks sooner than later Got a bunch of these iceberg orders out still roughly around 245 265 ish here 270 for about 90 plus thousand shares combined there together. I'm sure there's one up top at three 325 So consider that to be a web of resistance, you know, is it gonna move all the web towards 325? I don't think so Is it gonna move up to three? I'm not gonna say if it is or isn't But with all of these orders out here. Why can't this make this push up higher and it hasn't tanked just yet? Now at this point we'll move forward But if this ends up tanking as we keep talking and keep going through I'll scrap it from our main list then but for right now It's holding higher lows nice trend off the two level here You know, I'll come back to it by the end, but for right now it makes the cut I am our end This looks flat. I mean, I was looking for this to pull back towards 227 here It didn't make the infamous under and over of that support. So I wasn't able to jump in from there G tech it's dancing around the VWAP right now, but that's all there really is there IMPP alright, so this one was pretty choppy from earlier today, but it moved up pretty nicely You could see it's moving back up right now. Also, this thing looks like it took a huge hit back from last year I don't know for reverse splits or factored in with that I mean, I remember we ended up trading the stock So maybe this was the actual move that it made back then this made a help a pop then in that case from like eight or ten bucks Upwards to a hundred forty. I definitely recall this ticker. I am PP is like a pop and drop So obviously that was the move, but you know if this could make a fraction of the type of move that it made back Then today I'd consider that to be a huge home run Right now. It's actually still holding over probably the only level I know on the stock so far So let me break open level four one more time here I didn't plot lines on this chart, but earlier just before I saw this at 319 It ended up breaking above a small iceberg out there on the ask about 17,000 shares at one point. So for right now as long as it could hold over 319 You're in good standing for right now at this trade. I am PP The only thing is just that I think that the tier size is gonna thin out a little bit more Should this push up more meaning that the spread will open up the orders will become smaller skimpier out there on the book So be careful with that You know even I'll come back to this by the end of it all but for right now it makes the cut We got three so far folks the TRVN Had the SMX and then also the I am PP here and maybe pack W by the end of that too That's just on the side list for right now Fubo FUBO here ended up making a nice pop once the market opened up But honestly, it's been more of a grind since you know, hopefully this becomes a faster trade I'll put this on the side list there in the meantime Another pop and drop type of stock MEGL. Oh, look at this. Let's just get halted on the way up Doesn't look like it got halted Reading the tape now, but it was like kind of paused for a moment in time there Definitely making a stronger push up here. So hey, I like the afternoon move kind of running headfirst in this trade here I'll take it MEGL making one more push God 250 as you're assumed to resistance. I don't have level four open for this trade though So once we finish up the meeting, I'll post some pictures there in the chat board I got Carvana here up big probably run into a bunch of different name brand companies up big today Again, I know that Kathleen and I were talking about space virgin galactic just a moment ago Not a name brand company, but we got NNOX back on our gainer side making another big push So we'll talk about that in just a moment So Carvana trying to make another run back up again, huh? I mean, hey, it's breaking back above big volume level seemingly right around to 1065 1066 it's a stock We are pretty familiar with inside our live trading room very liquid So it doesn't hurt us to add this to our main list for right now I kind of skipped over six flags here. I guess this was earnings based looks like a buyout almost I'm just gonna assume earnings if anything if it was a buyout. Let me know actually heat roll coasters But that's just a little fun news. I'd be interested in All right, so space SPCE. So just a moment ago Kathleen. I showed this just before Put it inside our chat board had a huge iceberg order out there for about 92 93,000 shares at 409 It was out there since like Newton time right see it there Well that order ended up getting pulled just before this meeting started. So for right now, it's made a decent reaction It's a really slow-moving stock opening bell print is also right here at 408 So that plays in part with that being a pretty big area as a level All right, what a break in between there, but for right now space We will add to our list, you know a little slow, but hopefully this makes the faster pop-up higher All right, so I'll tell you we got a really good list already folks. We got about six stocks to work with That's not a big list, but it's a good list We got a couple name brand companies or stocks that we are familiar with here The SMX if you were here this morning with us that one we are still familiar with and moving up pretty nicely Let me take a look here really quickly on SMX and the others just before we hop over to the losers list They're still holding over support. All right, we'll do one last call on those just before we wrap up The CTLT trade was a crazy short and pre-market I saw this drop off like going into the nine o'clock meeting with Fausto I mean this thing took a huge hit reverse back up a bit to make a lower high dropped off really well Just the issue on this trade was that it had a very skimpy order book like just untradable. So You know, you don't want to risk that TSN Tyson foods a little expensive, but has a decent book given the price and it's at the low of the day So this one in particular I really like I'll put this on our list as a potential short to see pullback lower I would assume major support would be down off of 50 bucks You know likely big iceberg sitting there on the bid Looks like a bottom down like 1819 around 50 bucks pretty much 49 77 That was actually the yearly low believe it or not because you could see looking at the weekly graph. So Bottomed out there right before the end of that calendar year You know, hey, that's just pretty interesting to see but 50 is a psychological level You're assuming for there to be an iceberg there as well And it shows it on the daily chart back for on the weekly chart back from 2019 That's probably when they had that big recall, huh, right? I am sure they had a few different recalls over the years, but I remember there was one really big one You know, obviously, this is the pandemic big drop This could have been a point where they had that recall there Alright, so we keep moving though forward right now. We got lumber liquidators. That's not making a great move for us there And everything else here that I see maybe except one or two our low volume or just too cheap AR DX back down big this had a nice run back up it filled the gap This is like a ball on the weekly, but it was actually a huge drop-off gap down on the daily here So we actually are familiar with this trade, but I have no great need to add this right now Riot is shortable. Riot is down big right now. So we'll take a look at some of the crypto stocks like riot and Mara coin base, etc And Mara is actually at the low of the day showing a lot better direction on the way down compared to the other one riot That's a little food for thought on a rebound, you know If riots not showing as much weakness here Perhaps that could be you know in play with a bounce back up over time You know just a day trade opportunity not a swing or a long term But you know that that goes to show certainly Mara is a little bit weaker today than riot. I Would have thought coin base would have been at the low of the day right now But I guess moving better with the major indices here for the meantime, but you know coin base will keep on keep on our side list All right folks, so space is still pushing up right We'll take a look at everything else here that we had on our side list right now Then we'll jump back to the chat board seeing if there's anything you know looking good from you folks Packed w. I'm gonna pass on Fubo. I think is just too slow. You know, I hope this becomes a great trade It's at the highs. It's extremely tradable. It's low risk, but you know, it's like kind of watching the grass grow here You have much better opportunity on the justice tradable space Right. All right, Kathleen took our profits on the space trade Hopefully got back in though that was at 242 a couple minutes back So she had the chance to re-enter perhaps, but she got her eight cents in rent Ryan CV&A pushing up it is that's on our list. I probably just caught that chat right now All right, so for all some social media I'll take my email address in early right now because I invite you to our live trading room Especially for tomorrow where we're gonna be conducting our live weekly workshop traders talk Q&A based workshop But we're gonna really break down a couple of these movers from this morning Certainly the pack W because even though we're not putting that on our list for this afternoon That was a crazy trade from this morning and I'm sure we'll likely be following that tomorrow anyway So shoot me over any questions or trades you'd want me to go over in tomorrow's workshop again You got to be a member inside our live trading room to attend that so for all of us on social media Just go right down to the link on the green banner below other stream to get yourself set up and started Mike I'm sorry forgot about Shopify looking from bottom to top right now on the chat board. There we go Yeah Shopify what a move right talking about from earnings last week. We smashed it on this from last week Popped up pretty nicely and then we did pretty well back on Friday to wrap it up So pushing up again today, I mean 65 you would assume to be a pretty big resistance $5 incremental I'm gonna put this on our list. Good call. I like this one right now You know, perhaps you could find some stocks that look like this some, you know, name brand larger caps out there May as well check out tesla while we're at it I'll check out apple Microsoft I'll tell you what folks I took off on thursday last week. Was it? Had to take a break from talking there and the jaw is hurting so You know back into the swing of things this morning, but it's been a lot of talking today So You're hearing that on myself right now. So we'll finish up pretty soon. Let me know if there's any stocks Lastly, uh, the folks up down left right that you'd want me to look at AMD right we talked about navidia earlier at 290. So with this breaking higher right now I may as well add both navidia And AMD I normally wouldn't focus on these name brands as much But given the way the markets are looking here such a bullish, uh, you know movement on the on the on the spy I feel like this is as good of a time as any, you know AMD navidia Shopify in particular don't need to you know, look at much else though folks now now at this point We have a larger list, right? So now at this point we have four we got eight we got 10 stocks to work with No moss coming off Cinco de Mayo. No moss here folks. That's what I was saying friday night Michael's saying AFR M You know, hey, it would be hard for us to ignore this, right? Hey, if you did well on this from earlier today, then you definitely look to follow up on it Mike and let us know because you know, it's very tradable. It looks really good, right? I'm holding myself to no moss All right, so we're gonna wrap up folks Hey, if you're interested in joining us inside our live trading room last call though Just join us by going right down to the link on the green banner below for all this on social Otherwise we look forward to seeing you folks back tomorrow morning Make sure to like and subscribe on our youtube channel Just so you know when we're going live tomorrow morning But for ryan, michael, cat, lean dan and all of us here right now I'll post and tweet the pics and then you got rich on the mic going from three to four o'clock I'll be in the chat board up until 3 30. So hey with the way the market looks folks We have a nice afternoon session heading into the close You know, I've been break even this afternoon up from the morning But really choppy since this could be a good time to walk away with the day's pay. I feel I feel very Not confident but very opportunistic here about this market confident. I should say too, but I don't want to say cocky You know what I'm talking about. All right, folks. I'll talk to you all soon coming up here in just a bit. Take care