 All right folks, we are live welcome on back here this Friday morning top of the end of the week to all of us here inside Our live trading room this Friday August 25th. Of course, you could tell this is not Fausto's beautiful mug It's myself here Josh tagging in for Fausto actually Fausto is dropping off I believe one of his sons to college So I know he's just taking the day off and I'll be back on Monday But great to see John Brad Roberto Morrow and all our students and members and perhaps even trial members joining us right now A couple of housekeeping notes to begin So once again great to have all this back there all this back on social media Facebook live LinkedIn Twitter YouTube the works get that guy All right, cool. So, you know to work off of this morning folks couple of housekeeping notes to begin with I'm thinking for Fausto right now, but I'm not really feeling too hot myself So I scheduled the doctor's appointment for later on this afternoon What does this mean for all of our gold platinum and diamond C2 students? Well, normally we'd be conducting our phase 2 stock course today live at 10 30 in the morning Then later in the day at 3 o'clock. So with the afternoon kind of getting jumbled up and disrupted I figured let's just move the classes to Monday. So that would be on Monday the 28th the day before Fausto does phase 3 so very little, you know mix up there at the schedule Just be right back in the phase 2 class on Monday of next week, but I'm seeing that guys see what's going on Right. So with that in mind, that's the first little housekeeping note though Secondly, Powell is doing a big conference big press conference from Jackson Hole as if I know what that is where that's located, right? You know, but obviously with that ahead, we're gonna find out what he's gonna say about inflation about all the things ahead coming up into the Next Fed meeting. So we're gonna see some big movement within the market That'll probably be what is that folks like 10 o'clock or 10 30 around there? Yeah, 10 a.m. Wendy says yeah 10 a.m. Eastern time. So coming up in just about an hour or so So for any of our students here if you thought this morning was slow and pre-market Well, what do you think it's like one of the last Friday's before the end of the summer? It's last Friday before or Second last Friday before Labor Day weekend perhaps there But no families are still taking time off, you know Fausto is dropping a son off at college Monday or he's back on vacation But it took off last week. You got a bunch of other people taking off this week and next week to mind you So, you know, that is where ultimately we're gonna see some slowness within within the market Yesterday was one of the most brutally slow days of the entire year You know the whole market drop mind you But you know if you're looking for a buying opportunity just because the market drops doesn't mean that it's a bad day And we say this all the time. It's like my favorite days in the markets are dropping normally so I could prove that point Yesterday was unbearable no pun intended with there, but it was on it was brutal So hopefully that doesn't repeat today. Hopefully after 10 o'clock. We'll get some good Volatility within the market there. I appreciate that Barbara Barbara saying it's in Wyoming close to Yellowstone National Park Perhaps I should have known that it's been a little while since I was around Yellowstone Did a nice little RV road trip years back and it was pretty cool But you know hey ys is on the screen here to begin Messy notepad flip the page over so to begin ys this stock is just laying flat off the last peak I was just saying loosely if I could hold above support off of 134, which was the last peak here There was a pretty good chance for a nice move up. Well, that was earlier like here Pushed up a bit. Well pulled back and tried again But then listen if it's not gonna give it to you then it's more prone to make a big move on the way down So, you know, this is where I say definitely you should be looking to get out of your pre-market trades at this point Especially for a Friday. Hey if this pops and eggs in my face in five minutes from now I can care less, you know right now you can look to jump back in on the trade if it does that little pop You got the V-wap there at 137 as well. So here we go a little inch up right now as I'm talking but Still has the V-wap at 137 as well. You want to see something move. So I'm rooting it on ultimately I just don't want our students to get caught up into a big loser right before the market opens You know especially on a Friday So you can jump back in if it gives you the chance which looks like it's trying to see a little bit more coming into the next Minute here and we'll see if it can make the better move up towards 147 had nice iceberg at 147 So if you're trying to do a quick scalp in and out with a few cents there, then that's a great strategy So we're gonna put this on our main list. I'm hoping it can make a move at some point If not, you know here then perhaps at some point after the open All right, so I'll tell you what yesterday was so bad Normally we at least go through a couple stocks. Fausto is always good with that And I I like to do a couple myself But really let's just go right from the top here see what we can get actually there is one stock We can comment on from yesterday or the BETR trade better and actually AMC to AMC just dead here in pre-market This is VFS. I just saw popping right before the meeting started I didn't even bother to call it out or type it in the chat board for you folks because it's on a big spread It's expensive trading one share of that at most, right? So you don't want to be jumping into something as crazy as this before the open could have walked out with a winner But look at it now. So, you know, that's where I'd say I'd probably just stay away from a trade like this Just given the illiquidity and then the price if it was moving like this and it's cheaper Then absolutely I'd be a fan of it. I'd assume that there'd be better liquidity at that point, but Better all right, so better we're gonna put on the main list, you know, this stock took a huge hit yesterday It's like one of those like not IPOs, but special purpose acquisition companies So at first it had a nice pop like a month back and just only continued to dump off after so You know made a big drop this morning or yesterday morning in pre-market down like 85 percent early It only continued to stumble off after a little while Small little bounce in the after hours, I guess there but you know, again, no one was really around for that We'll see if it can continue though at least heading into the market open here today So the better, you know, it's back on our list here the ETR a good volume that that I like cheap that I like So, you know, hopefully this makes a nicer pop even compared to like the VFS or whatever We knew this was gonna happen or more likely to happen Perhaps I should say, you know, it was up in pre-market percentage wise But the stock took a huge hit yesterday and that was after the reverse stock split was announced So let me ask us here for Wendy Barbara Grant Maybe Margaret and John and just all of her students perhaps that have been with us for a little while now Let's just say months, you know, if anything so a lot of us, right? Why does the company do a reverse stock split, you know, there could be a litany of reasons But generally speaking, why are they doing a reverse stock split to begin? Wendy says to raise money Xavier says to stay on the exchange Margaret kind of agreeing with Wendy is it to raise money Brad says to not be delisted similar to Xavier So, you know, hey, those could be both great reasons, right? So let's take it for what it's worth if they're doing a reverse stock split to raise money in that case Well, wouldn't they be trying to move up then if more people were bullish on them at the time and I'm not talking now necessarily I'm talking like in pre-market yesterday So they were already down off of pre-market And then otherwise companies will do reverse splits to stay above Nasdaq or New York stock exchange listing requirements They weren't below a buck yet So it wasn't like the price thing right away but normally when a company does a reverse stock split if it pumps up off the news of the reverse split It comes back down extremely fast and you know, usually just breaks lower over time So this could be easy to say actually if you don't mind I'm gonna Go back a couple days. I think I think it ended up popping Wednesday after hours Was it or making a move Wednesday after hours? I should say No, it's all okay. It was all pre-market then never mind. It was all pre-market a lot of after hours activity here at least though There's no trend then early yesterday morning. It led to the big drop So only continued to stumble off after the open. It was hard to borrow for us So and actually I actually checked on the options order book what they Squash all the options on AMC. I wasn't able to trade the options on AMC yesterday So, you know looking at buy puts and then just I was I wasn't able to at least end up just dropping off continuing to and A little move up right now in pre-market I reckon but end up failing to continue to pop break over 15 It's not gonna make a big move going up once the foot's taken off the gas pedal It's only gonna continue to stumble off actually so much so that if you can't short AMC if you can't buy puts on It then what's the point of even following it then right? The point of following it is still the hope of it making some sort of squeeze up throughout the day And I know that sounds like Kind of like a gamble than anything over hoping well if you're not in the position yet Then it's still strategic to hope because we know how volatile AMC is and it's a viral stock Meaning it's like one of those mean type of stocks that gets talked about by you know Wall Street bets in that reddit channel So don't just jump in to jump in right? I mean you can say the same thing on Hawaiian electrics Just but with that this ended up just dropping off Is it still possible over time for it to make a bounce or maybe make like a small day trade move? I believe so so I'll come back to set the tail end and I know we'll check in with it just at the very end of this meeting Alright, so better on our list here at this point of the BETR looking decent a firm A firm had earnings at least in the after hours yesterday looks like they end up doing well off of them Just bounced recently here pushing back up to 15 So I'll put this one on the main one AFR M definitely a stock that a lot of us here inside our live trading room pretty familiar with There's my good friend Michael D. Oh actually Michael I think he's on a cruise Michael might be on a cruise right now if I'm not if I'm not mistaken He's soaking in the Sun, but this is one of his bread and butter stocks So now hey that in mind maybe check in on a so-fi Never mind. Okay checking on an upstart. I Assume at that point with so-fi not moving Yeah, I mean hey those other lending stocks or loan type of stocks are not really moving in sympathy with AFR M clearly So I wouldn't look to gamble on that heading into the open. I just focus on this year AFR M The AR DX trade we are very familiar with the stock Just it's not looking as like great right now, but stock just from a number of years back I probably need to go back further But stock made a huge gap down it dropped off like 85 80 percent similar to that be ETR Well, that was actually here on this weekly candle on the daily chart It shows a big gap But otherwise look how long it took in terms of time for it to try and fill that gap, right? I mean that was a huge learning lesson for new students joining us back in 2021 and 22 you know We called it out as a day trade for the times that it teased us for a breakout But it took a while for it to actually get that job done and really rip off of like a dollar Made a hell of a move up at that point So we were calling it out heading into the beginning of this year and so forth, but it dropped off and now here in pre-market I don't know if there's any news out on it. It's up five plus percent trading a hundred to forty thousand shares basically So it makes it tradable But is it looking good? Is it showing actual strength? Is it moving at all? Oh, so I'm gonna put this on our side list here for right now You know if pops after the open then I'll call it out, but let's see if there's better opportunities here and We'll see if there's better opportunities on the loser side because we're pretty much at 5% now at this point here, right? So hey, if there's anything else looking good folks, just let me know here in the chat board I'll hop over to the loser side right now Domo I didn't put this on the pre-market list because I figured it wouldn't have good liquidity here and I was right But definitely a good stock to put on our morning watch list here for the open because hey Hopefully the order book fills in a lot further at 9 30 or afterwards on this trade trend is down It is shortable down big still actually the stock could be a dead cap ounce later into the morning once we see the shorts You know begins to cover All-time low is 770 so it's got a ways to go till it gets there. So All right Hawaiian electrics. Obviously this stock was down big yesterday We put it on our watch list as it tanked it tanked in the after hours you see there So you take one look it's down percentage wise We're gonna look to follow this on the way down at least you're heading into the open, right? So, you know, it held resistance at 10 bucks then pulled back right back down to the lows here You know, I'd still look to follow the trend down leading into the open But hey for as much as it drops here perhaps over time We'll begin to see this bounce, you know around that 10 30 ish, right? The stock took a huge hit from last week It did flatten out a lot or at least you know it cooled off a little bit from this week beginning from Monday all The way through so if it breaks new lows doesn't surprise me and then from there We'll check in with it later on to see when it's a better time to look for any sort of bounce if there is one Bill says AMC shares rise in pre-market is eight units reach the end of the road Oh, yeah, yeah, so that that that too, but that we've been seeing like the correlation between AMC ticker and the ticker eight the AMC dividend Ticker or whatever the hell it is I'm happy they're doing away with that because honestly just there wasn't a whole lot that came out of it So it was more of a distraction of a trade than anything I'm RVL not doing much and just like that we're below 5% on the losers list already So all right, I need your help. Let me know if there's anything else looking good AR DX Jeth is just a sideless stock for right now. I'll come back to it in just a moment One of us on YouTube. How about this? X17 post his comment here saying traded YS from 1.07 or 1.50 How about that nice catch from one of our members on YouTube? Hey, you're joining us joining us on YouTube want to join a team of students much like yourself perhaps and traders Scan that QR code on the top left of the stream right there Get you access to our instructors our live trading room all of our students like Jeth Bill Kathleen Xavier Cal Wendy Barbara Margaret etc But otherwise that's a fantastic job. I mean hey if you made that much money in pre-market like that I would just take the rest of the morning off or at least wait until Powell speaks at 10 o'clock and just Take it easy today go and cruise control on a day like today. He's a beach day All right, I'm checking book map right now. Just all my other tickers on book map I haven't shown it all during this meeting, but there hasn't been a lot to show So with that, let me see on Benzinga if there's anything else lastly looking good here And I don't really see much not a whole lot better. Why yes both on our list already CRK and I saw that earlier. It wasn't looking that great Yeah, CRK and I guess is up 14% and it is liquid so you know what I'll slip it on there It wasn't looking good earlier in pre-market starting to like I guess crawl back up penny by penny. So not bad Why yes, all right still lingering right now It hasn't done a whole lot since we left off with it there So, you know again, I still wouldn't look to hold into the market open if it didn't make that bigger pop up yet Towards 147 I just take the tiny money if he even took that trade and run There's plenty of other fish out there in the sea to catch anyway folks so wait until 930 I'd normally say there Sam saying it's early, but Mara is trending up. You are not luring me in today I'm teasing with that, but otherwise though Mara, of course is one I've been following forever I'm looking at it as a swing trade. I mentioned yesterday and like from like two weeks ago Look out for 10 bucks to 1050 ish as like a key area of support. That's like a loose area I just said right there, but specifically it's like 1065 1070 is a historical level and then from there 1045 1050 is from like big volume. I think the yearly open or Yearly close from a couple years back. Just I've been waiting for this move I'm setting up for a swing position here Sam not a day trade position if it ends up popping off of Powell Then obviously it's going to be a good day trader a nice little move here and there and then I'll adjust for a day trade But even if this breaks lower over time, I'm content with it so long as it holds and bucks 980 ish It's like an absolute line in the sand So those are numbers I've been spitting out from yesterday and this week But hey just more for everyone else here if this drops off a little bit It's not the worst thing in the world. I mean this could be a nice swing trade to work off of It's just a matter of if Bitcoin continues to really drop off Then this should go with it. So just be you know privy of privy to that You know if you see Bitcoin drop off lower, which I would expect it to soon Then Mara is likely to drop off a little bit more. So to what degree then we'll find out Hopefully not over or under like 980 ish. I'd say Still more long term though on that just in terms of a swing trade over the next several months three to six months Or more Donald saying Domo. Yeah, Domo is already on our list. We went over that briefly Wasn't a good pre-market trade. I didn't think it would have good enough volume and pre-market like eight o'clock and Just hopefully fills in more 930. So good short. Oh, yeah, absolutely Donald I appreciate the shout either way and you know, we'll just jump back to a couple sideless stocks here at the end CRK ends going here nice little move up. So that one we slipped on our main list already not bad looking at actually pretty decent AMC on our side list that's just gonna crash So I'm gonna stay away from AMC for right now and then the AR DX trade You know, it's up over 5% But we got better stocks to work with for right now Not a great need to focus on this just yet if it ends up popping where everything else dies off at 930 Only at that point would I call it out? But otherwise I like what we got here now, especially with the CRKN and if ys can hold around here a little bit more All right folks Hey for all this here just joining me on YouTube Facebook live Etc just enjoy the weekend and we'll catch back to you on Monday of next week any questions that you got feel free to Shoot me over a quick email or chat Josh at C2 training comm is the handle Rob I appreciate you joining us on YouTube just caught your chat right now Rob So appreciate you being there at least and look forward to have me back inside our trading room as well and all of us Otherwise and for John Kathleen and Donald and all of us there right now I'll be with you up until 1030 at least remember no phase 2 class today We had pushed the phase 2 classes to Monday. I sound alright right now, but I don't really feel alright So we're gonna get a nice old doctor's appointment later on this afternoon And we'll see what's doing but at least phase 2 as of now We'll move that to Monday of next week before 1,000 is advanced class the phase 3 alright folks But hey, otherwise best of luck trading going to the market open if you take the money early and run Don't blame you enjoy your weekend. Otherwise, I will catch back with everyone later on today. Take care