 All right, welcome on back here cyber traders this Tuesday, October 18th shortly after 2 30 p.m. Eastern time Welcome on back here for our afternoon meeting. We should be good to go inside the live trading room We had Kathleen Armand Karen Nina Michael Dan later all of which could hear me loud and clear Great to see all of you folks great to see all this back on social media Facebook live or YouTube I'll tell you what folks so far heading into this afternoon the markets haven't really gone much of anywhere I mean spy slipped down a little bit when the market opened up And with that I mean hey, we'll focus on our 10 30 Reversal time give her take a few minutes and with that the real bounce ended up happening just a little bit after 11 Took a little bit longer this morning for the spy to make its you know reversal or bounce So at least for the meantime, hopefully we see continuation, but it's gotten really flat since so not a whole lot's happened The market wise going into this afternoon just yet. Here's CCL carnival trues lines It's up over 12 percent right now. We actually came off of our traders talk workshop earlier today earlier this morning And I ran a little over so actually at the tail end of traders talk It was actually almost like 12 15 Eastern we were watching this trade It was making the the the retest of eight a very quick pop above it really like smooth move and with that it's been up and Moving up towards 816 since you know, there is a couple of icebergs on the ask I mean, this is a really liquid stock. So, you know, no 10,000 20,000 is gonna be an iceberg for this trade at $8 and 20 cents. Well, that's one you got a 254,000 share order sitting on the ask there for carnival and on top of that a penny above the highs There's like 124 case sitting there So it's a tougher trade at this point to expect to see it just smashed through all of that liquidity And to keep moving up. So with saying that I would like to follow perhaps a cruise line That's maybe a little less liquid in a good way like NCLH or RCL Royal Caribbean a little bit more expensive This might be on a slight bigger spread But no all of the cruise lines are moving really well at this point folks So we'll definitely keep our eyes on those we'll put them on our watch list collectively Airlines had popped at the open with the cruise lines, but they certainly didn't continue So American Airlines here moving more at the market today had that drop-off going into 11 o'clock 1130 and then it ended up just flattening out here So I'm not gonna be as keen to follow the airlines just yet Hey, if we get a big bounce within the spy taking us into the clothes Hell, I'm sure that everything is gonna make a decent move up or you know a respectable move to that level So maybe we'll check back in on the airlines at the tail end, but for right now We'll put RCL NCLH in particular on our watch list to start I'll tell you what though. There's been a couple of other trades that have been pushing up here So we'll take a look at those right now Let's actually just go from top to bottom because really like three or four of them are just across the top 10 or 15 So I have this real cheapy here comms. It's up over 220 percent. It's gonna be my first look at this trade today You know more of an afternoon move actually pushing up from eight up to 17 cents We don't really trade these cheapies below a dollar if anything They don't normally make as concise of a move So not gonna be as vested in that and I'll tell you what number two number four Both of those were buyouts today AK us one of us had mentioned right before the open and I was like trying to press the brakes on them a bit They know it's a buyout. It's not gonna make as good of a move really than anything else that we're trading AK us a ve o Maybe maybe it could have made 10 cents 15 cents on it But you know, there's just so much better opportunity elsewhere The drug trade is one of those stocks that did very well from this morning So we'll talk about this trade here drug is a stock back from mid to late August Ended up making a big pop and run like just across the singular day went from a dollar up to as high as like four and change Maybe even that's five Overtime it ended up having a couple of updates where we day traded it This is not a swing trade, of course folks You could just tell looking at that sequence going into late August early September and seem to even be more said here It's pushed up pretty nicely from the morning Although it's holding support right now off that 130 you would really want to see it to begin to press off the VWAP and look For it to move higher. So, you know right now drug. I'll put on our list. Hopefully continues if this God damn this just took the words right out of my mouth. This this trade right here I was just about to say if we come back and this thing just tanks then maybe we'll take it off our list I think it's making that decision for us right now big ugly shake here for a more level one or two trade I don't like that All right. Well, I'll tell you what we're gonna keep it on our list right now Come back to it at the end it slips off a little bit more than I'm not gonna like that So, let's see if there's anything else moving better right now at this point the QNR X is certainly one of those Hopefully I don't jinx this one like I just did the other QNR X making a push not only up to 260 Where we had a pretty big resistance as we watched this stock in our traders talk workshop earlier this morning It's popping it right now. There we go But look what held again as support. I'm not looking for the very bottom here So 230 was our level that's where we had a pretty big iceberg order from the market open So once again, this thing ended up breaking under 230 It held under 230 first for a bit and then it broke back over 230 and led for the run So, you know, it just goes to show in terms of looking for support You don't want to catch the falling knife as much as you want to buy the stock when it breaks through the level On the way up now with that now we're getting the breakout of resistance off this 260 ish So let's really hope this QNR X straight to squeeze up higher from here Definitely gonna put this on the top of our list for right now Small little dip on the spy one-minute chart small nothing major I don't think news came out for that one, but little little dip We'll check back in with the markets here at the end folks KPRX we talked about this in our traders talk workshop to but not in a good way This stock is a super low float stock and with a low float stock I mean something like this is crazy. This is less than a million share float and just the lower it goes The risk here it is right So we don't try and look for these super low float stocks because those are pumping dump stocks We don't want to subject any of our traders to that of course myself. I don't want to get subjected to that We'll talk about a drop after a pop coming up the AVCT trade, right? So even if it's not as low float that doesn't mean it's not able to make that drop But something that has a lower float is often going to carry lesser liquidity to it on the order book And that type of trade is a lot riskier for as much as this pushed up This ended up obviously falling off But it ended up making a very sharp drop at that like a dollar move down here within a couple of minutes So, you know if you're not quick if you're not good at the setting stops If you're not as quick on the platform as you should be this is not the stock for you You know maybe do it on small shares, you know a little fun You know have a little fun there But you know to risk real money on this type of trade if you're not quick enough to set your stop and manage it Right after getting in it could be very deadly. It could be pretty dangerous in that sense What else we got I AG's been up big today Grand. How about that? Gold UGT kind of crawling up a little bit across the afternoon once checking on some gold miners like NEM new mine Egos sans, you know a couple of these grant gave me a little while back through discussions So just checking in with them pretty briefly here not a whole lot to it and I AG although it's a big That is that is too large of a float. That is a slow mover So that I AG we're gonna pass on but in the meantime though We got a couple of familiar names here folks rich was calling out blue apron earlier going into this meeting That popped up pretty nicely up towards 250 above 250 Right now. There's a 10 11,000 share iceberg on the ass. We'll call it an iceberg for right now You know that is resistance here in the meantime So blue apron will put back on our list this stock has been a bit of a tease to us in the past You know it looks like back in early to mid august made a nice move but in terms of seeing that big Volume or momentum based breakout. It's made a nice start here Hopefully it doesn't slow down and become choppy again So hopefully this continues with the trend and pace that it was moving in just before All right, this arm ed trade talk about a disaster this ended up dropping off as soon as the market opened up Whatever news came out did not lead to as positive of a reaction as anyone would want I was looking for a bounce on this trade off of seven earlier. I had it Until I didn't have it it was a great trade But ended up obviously failing to make that big pop that I wanted So when it kept retesting seven retesting seven like I'd said on kprx I don't know what the float is on this stock But I'm imagining it to be pretty pretty low just given how thin the liquidity checks out to be on the order book So with saying that I didn't want to hold on to that trade any longer than I should have So I went out break even on the second attempt on this trade. I took a minus five on the first and Break even on the second and that was it For those keeping track at home. I think arm ed float cracks just over a million shares That is pretty low So not the type of stock you want to hold on All right, we'll keep it going otherwise folks another familiar name I don't know the float on this one either But I am already actually breaking above the highs that we had back from Friday last week today being Tuesday This is Friday's bar right here broke above Friday's high from last week Right now it's like building a pennant around the four levels So just be careful in that regard the volume kind of died off from the last 10 or so minutes But I'll put this on our list for right now. I mean it's breaking new highs I am r.a. It's a stock that we're pretty familiar with at least two All right. I saw a couple of others here on the gainer's side. I saw a ter which was a familiar name last year Pushed up pretty nicely this morning a little slow right now Upstart UPST. That was it. That's the one I was looking for Upstart ended up having a nice pop taking us into the late morning I didn't see that there ended up breaking out off the highs roughly off of 24 80 ish 24 75 ish ran up pretty nicely Dropping off now with said markets. So a little bit of a pullback now at upstart I'm not going to be as keen to follow this now Especially with the markets beginning to shake around a little bit here You know if this was holding better and it's you know trend towards the highs then definitely but Let's see what else we got. It's probably a lot more that's up percentage wise here folks probably is I could just say that because Got like number 40 at like 8% or so here Hmm There's our nclh. There's upstart like we just went over All right. Well, there's definitely more that's up percentage wise So folks if there's any stocks from your side list that look really good trending up very nicely Let me know that's how we work together as a team here type it in the chat board. Let me know Let's hop over to the loser's side for right now I don't know how much we'll find on this side at least but we'll see Khan is shortable c on end Ended up making a dead cat bounce of anything this morning. Well, this little push up this morning on con It's pulling back a little bit off the highs but nothing too much to write home about on the straight here for the afternoon now this If this had any more liquid of an order book This would be number one of my watch list here at this point, you know, this is right off the lows this si trade You know, it's pretty expensive. So that's where I was saying if it had better liquidity I'd be really interested in this trade I don't mind trading a more expensive stock just lower the share account But I mind it when it's trading this crap volume here on the order book So that's like more of a gamble than anything like the trend All right. What else we got here folks Chinese education company eat t al Edu is the other one Not a whole lot happening there. You could say it's near the lows But it's got almost a little too liquid volume on the order book there for it to cut through Uh, no, not a whole lot happening there Oh nova vax I I skipped over We like nova vax here More is the short than a long obviously But you know, nova vax is right off the lows right now much better liquidity checking out looks good All right, nvax For some reason I started to write nvda nvidia. It's nova vax nvax just recently breaking below 19 dropping off here pretty well Cool Michael's saying b to you at the low of the day. We'll check we'll check that one out in a bit All right, so from rob at first. He says apple is selling off hard. We'll dropping off at the market I mean if news came out on apple that led to the drop off collectively within the market as a whole That's something different. Let me just check news on apple. There's always news out on apple. So Just see what we got here apple cuts iphone 14 plus production less than two weeks after the debut Interesting. I mean, there's a whole litany of different headlines here. So I mean that is the most recent one that came out shortly Prior to shortly after 230 that came out right at 240 eastern time So that could have been it rob. I mean hey right there Right, I mean if it's news related to apple that led to the drop off then this is dropping off quite a bit for right now Uh, obviously we're not going to look to day trade apple as much right But it's worth noting though. I appreciate that. I mean it's dropping off pretty damn hard Michael's saying b to you at the low of the day It is down over like three percent or so good sideless stock All right, folks, let me know if there's anything else up down left right that you would want me to look at Check out here before we finish up Check out some sideless stocks that I have like my lovely neo. Nothing happening on that one really is much so we'll pass um forward before the market drop off I picked up five cents on forward I don't know really what led me to jump to forward out of all stocks But really slow mover not a whole lot happening aside from the drop now I mean if b to use at the low of the day mic that gets me thinking and I'm thinking are maybe oxy I mean it's only down 0.4 percent dropped off earlier this morning really well This definitely trades a lot better liquidity even though it's more expensive You know it's dropping off. I'd say the same on this as I said on b to you Ryan on youtube joining us right now Very emphatic about the last drop off within the market here. Let me just check spy news I didn't do that a moment ago. Let me just check spy news. I checked apple news There's always news on the spy in the markets, obviously All right, so from 233 eastern time at lanta fed president bostick says the fed can't resolve all the problems causing current inflation There's always some bogus headline out there every single day from someone So I don't know how much that influenced the drop off in the market as much as apples drop influence the market. I believe All right folks, I'll tell you I mean hey if the markets are dropping off. It could be a good short afternoon now Let's see if there's any stocks that are like right off the lows. So I'm just checking my benzinga scan myself I see etf not as if we're going to look to trade it Maybe it is you know tradable in terms of liquidity if you got level four book map then it makes it a lot easier Soxl semiconductor etf semiconductor sector has been extremely volatile in a good way Over the last I mean really last several months But you know the last week or so even more in particular with the soxl etf Amd dropping off very nicely right now. I'd assume the same to be said with the video nvdi Check out the others like micron intel et cetera micron is a lot closer to the lows That I'm interested in I mean intel too What I'm gonna do is this folks I'm gonna slip the cruise lines kind of collectively on our watch list as I did to begin this meeting And then I'll write the word semis semiconductor stocks like amd micron intel The video is a little expensive, but you know those three in particular Definitely they seem to be trending pretty nicely with the market right now I don't mind focusing on those and then aside from that We do have some other stocks that are like small cap that could look to show some strength into the close Even with the drop off that we're seeing in the market Look at the q and rx made a nasty little shake under that 260 But the fact that broke right back above it That's a that's a pretty damn strong sign right there. So definitely look at the q and rx trade I am r. A I'd said you might need to wait a little bit there right around that four level But that still looks really strong. So folks just because the markets are dropping off doesn't mean That you can't long any trades heading into the close You just obviously have to try and find the ones that are strongest in relation to their trends And that's what we're doing here, right? I mean really the watch list i'm putting out is what we should all start with In terms of the stocks that are holding near the highs and even the ones that are dropping off with the market Those seem to be pretty volatile in themselves Chuck saying cold natural gas etf that's been on a huge tear of late and once again It ended up making another big move heading into the mid to late morning You know if it's a good ticker to keep on your side list for right now If you do well on this trade personally day to day, you know exactly who you are inside our live trading right So, you know, that's where I say you are more likely to personally put it on your watch list if anything But uh, you know if this was near the highs a lot closer, then I'd be more inclined to put this on our list for everyone But otherwise Michael saying uber dropping from high of the day. I actually forgot about that So I appreciate that shout Michael uber high the day that dropped off pretty Pretty quickly here, but it was holding pretty well a moment ago. So you know what it's still up over five percent We don't have a big list and you know too big of a list anyway. I'll put this on the back end here uber forgot about this one All right, folks that's going to do it here for me this afternoon I'm going to jump on to a coaching call to one of our students coming up at three o'clock Hopefully we catch a nice runner here if not on the q n r x then maybe the i m r a or perhaps one of the other Ones we have on our list but for ryan and for all this on youtube live right now on facebook if you folks have any questions I always like to post my email here at the end of these streams I should see to trading.com is my email if you're interested in joining our live trading room to continue the audio commentary This afternoon tomorrow next week you name it Just go right down to the link on the yellow banner below the stream to get yourself started But for michael lader chuck and grant arman gene ladenina and all of us inside the live trading room Rich will be on the mic in just about 10 minutes. I'll be in the chat I'll be on a coaching called one of our students like I'd said and hopefully we have a nice afternoon folks All right, I'll talk to you all soon