 There we go market. Just opened up. Let's get my extra lights on right now My home office just came back from a few doctors appointments here. There we go Change my Yep, we are off there we go Let's wait the first three to five minutes here as always just to see the smoke and dust clear Yeah, it looks like they the inflation report was just a slight bit higher than expected So perhaps like a little pullback day today, maybe drop off my scanners up here. Just you know the RC KT rocket I wish that was cheaper. It's not too expensive for me But just when a stock is like 20 bucks 25 bucks, and it's up this much Normally, it's gonna have a huge spread which it has right now Yeah, Chuck in out right now. He took his money at least getting in and out off a quick pop. I'm sure I Tell you what again a small small move back up on the spy right now actually so I'd love to be proven wrong I would love to see a nice green day. Yeah, they ended up coming out the Basically, they're they're encouraging the vaccine for for for fall So, you know just in terms of what we call out in trade. We're gonna trade Pfizer and Moderna I know they end up getting approved so Pop on CGC CGC trying to inch up a little bit. Maybe a recovery day for that right now CHPT The AXLA the AXLA is really making a nice pop book resistance at 135 If one of my coaching students Alex was chatting me early and I was telling them I said hey Yeah, that big iceberg at 133 if it could break over that and you know the resistance at 135 We had from earlier. I just said that yeah, so Man this AXLA is flying right now Fausto and that's to cut you off. This thing is really going man Mara is already down big. It's already at 990 Jump back in on that soon enough once Bitcoin drops down at 23 24,000 AXLA pulled back. So be careful on that right now. It needs to hold over 135 at least but even the shake down isn't too good Damn, yeah, that's a bad drop. That's unfortunate It's got a hold here, which I don't expect it to It had such a nice pop and break out We don't trade the first three to five minutes if anyone took that break over 135 You actually were able to make 15 or so cents beforehand, but we're just getting to the five-minute threshold right now I'll have you to you. Oh, that's on a really nice move. Actually came from like kind of nowhere there I see XAI is also making a nice pop right now That that AXLA is cooked I think if it's not getting back over 135 then I think it's gonna be a drop Man, you have the CXAI really making a nice push here See if that could hold I was thinking about buying puts on Mara today as a day trade But it just dropped off too fast in the first five minutes like I might take it But just there's other stocks. I'm gonna cycle through the CXAI even just as a stock tree just 10,000 share iceberg on the bid at 220. Let's see if we could hold that right now That AXLA just went right up to 135 and smacked off it there briefly Another little pop on FFIE right now just another cheap little stock making a small move that actually popped yesterday. I forgot about that Sam says Josh, I thought you were shorting Mara wanting it to go below 10 That was like two and a half weeks ago my friend I was doing like two and a half weeks ago So I took a swing trade on Mara at like 1055 is my entry price That was even after Fausto got in we were in together a bounced up nice And that was more a swing trade not a day trade, of course So, you know, we got out of that a couple days ago once Mara tanked and now at this point If Bitcoin hasn't made the drop I want it to long story short. I think Mara is gonna drop off a bit more This AXLA is damn teasing man. It popped right back above 135. Is it gonna hold support here? And it's the thousand dollar question or Maybe several hundred dollar question, I mean man Fausto this stock AXLA went from 40 cents up to 150 It's like CGC, you know what I mean? I made such a What's the float 55 million share float not terribly thin As a big freakin spike though, that is a huge upwick on the Intra day chart I have like a five or ten minute chart showing it So I guess if anything I'm happy I scheduled some doctor's appointments today I mean hey, I got a double header today Fausto. I had an eight o'clock and then I got a four four o'clock later today Well Four four four o'clock is a dentist. So that's gonna be a nice little cleaning there Yeah, I'm already going through. I got a filling right so, you know after like 10 11 12 or however many years it Decays a bit or like weak weekends. So when you like drink cold water like shocks. It's like what the hell I Had that on Sunday. I'm like, okay. All right, something's up here And I'll tell you what when we're talking dentist talk here during primetime hours, you know, it's kind of slow out there in the stock market right now man The CX AI again, it's now actually there's a huge you see it just on level three 40 There we go. He did yeah head on with that red shirt Yeah, that was a good call. So that popped up shortly after it pulled back under that price I'm checking to see if Mara is going to drop off now holding resistance at 10 bucks That's 941 in the morning. So honestly with the way the market popped at first It's been making higher lows since so unless if I'm giving it the kiss of death live right now and a tanks coming up Be a little mindful for another breakout soon, then I if we're expecting that reversal time 10 15 10 30 I mean honestly the markets haven't gone anywhere after that initial little pop there Yeah, that axl a look at that getting the job done right now really good push So 133 135 ended up actually holding Let's see if that. Oh, I mean, this is a very liquid stock So there are gonna be like some like 10 20 thousands out there But man, there isn't a whole lot like that looks that bit. Yeah, like, you know, there's some out there But nothing that stands out. You got one on the bid now, too New iceberg just showed up at 177 for this trade about 63,000 I think this could be a good time to at least shave some off if you're in from that 133 135 and then, you know Keep a little left, but it's been a nice trade so far that too But again, that thought I had early. It's like damn the stock moved up so much the last week or so Play it level by level, you know, hey, don't be if you're in from that 133 135 area That's a big move right now for a dollar stock like this. So, you know, yeah It was good time to at least take some profits there You know start the morning off with a little bit. You can't guarantee support to build again on the day XLA so if it does good watch the VWAP price probably but Another shake under that I'd move on. Oh, it was a nice drop. Yeah Second you said trivia time. I knew I knew exactly where you're going with that Mara is like a level one short. It is slow, but getting the job done from 10 bucks. It's like CGC 220 level back again good Yeah, 16,000 share iceberg now in the ask for that trade if we could build back over to 21 Then there's a shot, but that doesn't look as good now, man. It really is a nickels and dimes type of morning I mean that XLA was the best one that could have gained you more than some nickels and dimes, but outside of that Not a lot is sticking as cleanly market pulling back a little bit more right now Nothing too major, but just showing direction of lower highs I'm gonna recalibrate my levels for Mara right now because it's my first trade on in a little while like as far as like a day trade 977 ish could be pretty strong which it got down towards just a moment ago. So Let's see if he can keep dropping Mara Marcus trying to make a small little wiggle back up right now I'm just watching a one-minute graph looking at book map, but Just didn't been in this channel the whole morning spy a XLA is like hovering over the VWAP price but it looks like it's gonna If it's holding here, that's the key phrase everyone if it's holding here, so Have your stop set if it doesn't hold here. That's all it This is such a 50-50 and it I was gonna say if it worked out well, that would have been so sweet if it popped up higher It just pulled back a bit Yeah Yeah, and that you could buy puts on too for as cheap as it is you could actually buy puts on it Let me check puts on it for Yeah, like like the dollar 50 puts are going for like 36 cents 35 cents I mean not really that big of a difference as far as treating the stock for I mean, yes, there is but You know, I'm not trying to go crazy on position size and shares or contracts and no one here should be and That's how you end up blowing yourself up just on one trade Nice little pop right now Fausta. You see this on IMGM Looks like a Fausta flag honestly and just this little pop here not a bad spread right now at least and we've traded this one before We've probably traded it back in April or Maytime, but maybe they had a reverse stock split as well I don't recall. I'm just gonna call out AI just side list, you know, kind of secondary protocol right now But you got an iceberg finally on that trade on the bid at 2750. Let's see if it ends up Hitting it or whatnot. I mean, it's only 951 in the morning, too So there could be more action on the way down there for AI probably not to the upside Oh, oh geez. Yeah, that thing got clobbered What oh so that got halted on my Mara put trade right on my Mara puts right now There's a new iceberg at 10 bucks is resistance for Mara All right, so we got to wait five or so minutes for this to reopen up again. We'll move around to another trade Rich, you know, it's stock not to turn to right now. So don't jinx me anything but Mara Let's get let's get Mara to drop back down again. You see it's nice to be at the swing trade fast So it's like, all right, we're not gonna get our move going up. All right, let's keep watching it drop Dude, if we get 870, I would be honestly pretty damn happy because I I was going for 950 if our level didn't hold so 870 sounds a lot better than 950 even Take it Let's see. Yeah, Mara's dropping right now. I'm trying to check Bitcoin right now. See where we're at there Oh, wow pot ETF MSOS just tanked And that cgc trade may just drop all the way down to one clean clean drop down to one buck Yeah, that axl is cooked. Unfortunately that once as soon as it broke that level that was a game over Cxai trade just died off Here's a good short right now. Just you know, hey with the market dropping off I was calling out marriage. Ah rich Let me let me talk rich. Let me tell I'm kid. I'm teasing. I'm teasing there. You had it you Unity at the low of the day. It's down like five plus percent beautiful drop off I gotta be quicker there. I guess Wrong letter there My least one of my least favorite stocks, but my favorite airline Alta Low of the day I'd say least favorite stock because you would figure and I didn't just do this fast But it's to say when a company reports very good earnings and they raise their guidance even on top You would like to think the stock would make some sort of move up, right? Oh, if you go back to like july time Basically where it hit its peak is the day that delta reported that and I had a I had a good entry on it, but it just stopped me out. It was a small loss Like I don't care about the loss, but it's to say well That really fooled me. I was expecting a big move and just made a big move just the other way So forever now I'll say delta not really a fan of the stock, but I love the airline Oh Oh my god Yeah Yeah, that's pretty crazy getting a nice move back up on the spy right now. I'd like just Interesting to see what's happening here trend going up into 10 o'clock I wonder if we're going to get a nice breakout soon um I was going to say with um With the cancellations and whatnot. I hope I don't get cancelled for my trip back for the onsite Yeah, yeah, yeah, but either either way Definitely Yeah, I mean that's tough to begin with though. I wouldn't know what to do. Honestly, my patients would have been Crumbled Spies trying to inch up a little bit right now, but I'm not a full believer just yet I gotta feel we're going to get another pullback. It might just be like a choppy day altogether Just teasing as this could be on the spy. It looks like it's breaking a nice little trend line off the highs Looks like it could go but what else we got here. What else we got here How's that That u-tray that rich called out it's still kind of near the low of the day and I'm just seeing right now in the daily chart It's just like from last week or whatnot Like a little bit of a level right around 3650 Spies beginning to make a bit of a rounded top. So that's where I said I wasn't a full believer of that little move There's still plenty of time, but Now that doesn't mean we can't find stocks going against the grain There could always be a few stocks and expensive movers that make their own runs I mean not as Not as in a carpenter tech. Yeah, really from Midway last year even I was bouncing That was a thinly traded stock yesterday. That's not really looking that great right now as far as the chart chuck Little spotty there looking at the points of inactivity on the chart. I hope it pops I always hope Can't rely only on hope though. You know, what's that? You know, I hey fizer Fizer is at the high of the day right now And moving with the maderna slight bit. I know last week they Approved fizer and maderna. That's why nvax dropped off earlier this week Yeah, definitely. I mean as much as we As much as we say all it takes is one as far as making money all it takes is one to ruin it. So, you know We I'm we fowstow. I know that you say this and I say the same thing Then we say is more to anyone that's new or joining us on our social streams right now You know, we're not here to gamble We're not here to throw darts against the wall hoping they'll land in and you know We're here to make educated decisions based on strategies and patterns that we've seen over over years Well, if you don't set your stop Then, you know, that that goes all to waste basically So you might have the best strategy ever But if you don't set your stop or use that 30 second rule or whatever, you know, just Game That's it That spy was that was a perfect round to top there. It was a head fake once it was moving up I was like, ah, I'm not really sniffing that to be a good move Beautiful top and I think mara's gonna drop off again here coming up. You said what was it eight 850 Back from april into june. I see that yeah that bottom right around like eight sixty eight seventy And you know what and you know what though? This is good because it's like You you will you often say, you know, hey just trade one share just to get the practice in right? Well, hey at 10 o'clock I'm here to make more than just a buck or two, right? You know, so if you've already made your money and if you're looking to just have a little fun That could be a good one if you do it on a couple shares But You know, there's a lot of ball left to play. We got some big ball left to play They had earnings a week or two ago. I think I don't remember like we called it out. Maybe yeah that gap down I see that things big That that is at officially Oh, no, no, no, no, no, sorry not officially You have to go back to pandemic time back from march of 20 It hit an all-time low of 20 dollars and 62 cents That's 20 My ai broke right under support at 27 50 It was 10 o'clock in the morning when it tested it So it's like, you know, if you're kind of focused around reversal time to be in about 20 or so minutes That's a ways away So wouldn't shock me if it drops all the way down at 27 next the ai trade The market's dropping steady right now spies See this is where though a day trade could turn into a swing for my riot puts Or from Mara puts. I'm sorry. You got right in my head from Mara puts We got a long way until four o'clock to begin with so heck. I can get out on this trade In 10 minutes if I see this beginning to go the other way but If you have a good entry and the stock keeps going in your direction You know over time like Fausto, I know you teach this in the advanced class like scale out like 80 percent of your position Whatever it is, right You know, yeah, the afternoon sessions are great I love the afternoon afternoon sessions because Holding into the close if there's a stock that is running higher into the afternoon Like it's nothing is more exciting really I'm just being with everyone there kind of, you know, you leading the charge just shouting everyone on like come on run run run run So it's the spy is already at the next support line here and I think that we're kind of break under it soon It might take a few minutes, but let's see what else we got here from Benzinga scanning right now Yeah, that axla is done. That's not going anywhere Ah, well yesterday it was As I think I put that on the afternoon list. I ran it. It was at the high of the day I was like well up is doing its namesake right now The ffie is moving back up pretty nice little thin tiers on the market depth window on level two Uh jits saying axla has a thick order book Why is it still not moving because it ended up making its move from earlier today It looks like just the momentum from the original run up died off And now at this point you probably have people that are probably going to load up on shorts to see it drop off more over time And that's very classic for like these small cap low flow low volume pop and drop stocks So after they pull back we have no business with them anymore The spy's breaking lower right now So I think that we're going to get more of a drop off here over time just across the board Yeah, tesla dropped off pretty nicely at the open. Oh, that could have been As long as you're in something making your money. That's what matters most But uh, that could have been a good short as well tesla The only issue with mower right now that I have with it is that it's going to be a slow trade now Unless if bitcoin makes its own drop off all of a sudden. So I'm very content with this move. It's just Don't be looking for that 50 cent Slam right now. I think it's made the majority of the drop off now at this point You know, it's funny. I happy you brought that up. I was on a coach and called yesterday with one of our students then You know, hey it moved up a lot already at the time. So we both agreed we knew right away It's like, ah, probably not the best idea to buy it at 11 o'clock It's just to say like if the stock has such an ugly looking heat map there and you can't read a single Level off of it, you know, you don't really know anything looking at it If it goes up without me it goes up without me, you know, that's something I don't beat myself up over too much And for those that jump in and take the trade that pops for them I'm happy for them, right? How can you not be but you know Five was a big level in the afternoon. So once it popped that in the afternoon I was like, oh, here we go. This definitely seems good now and made a nice little move Chuck in and out chuck at like a dollar 25 cents on this rck t-trade file So I think it says like third or second trade of the day on in fact, he's been doing pretty well on it speaking of heat maps that Speaking of heat maps. I saw the The heat map, you know where it shows apple microsoft like all the major stocks in that grid So it was back from the pandemic of like march of 2020 showing like the day where everything was read And it was pretty crazy. Just look back on that day like holy crap like amazon down 13 percent and like everything was getting Like across the whole board Pretty nuts Yeah, that u-trade just broke lower broke below 36 Mara is dropping off nice and steady right now a little five cent pullback more i'll take it but Figure it's going to be a slow trade There's a stock I didn't call it out and i'm not going to call it out because it just dropped off more but It was looking good for a moment. We're trying folks Fausto and I are digging through. We're trying to find some good movers out there on top Yeah Rich if you want to just post the book mat for uh ffie I was going to do that myself. I just didn't realize I wasn't logged in from the side I think that we drop off more on the spy here coming up too Broke below yesterday's low pretty quickly The update goes cgc. It looks like it wants to get to that dollar level Hey, you know what or you are getting close to 10 30 the time Yeah, like, you know, we are getting close to 10 30. So You know what for and that could keep dropping cgc. You're not saying it's guaranteed bounce but um Leads me to say all right. There's a shot that ffi is starting to Go a little bit higher now. It looks it's getting close to the high of the day And that ffi is a long ways to go to get back up even towards like 12 bucks where it broke down from last month I'm definitely going to be hawking cgc for a bounce coming up or later on I should say not coming up because That implies from here. I think we're going to get that drop down to 103 like you said or even just straight one dollar and That's a real slow one though and the pot stocks have been actually I'll tell you what man. That's I don't know what's going on with coroner's safe house to look at that. That's a hell of a call from dawn Yeah, it's a hell of a call from dawn of 5 plus percent Where everything else is like dead in the water that actually has been So, yeah, I feel like uh, it's funny. I feel like uh an episode of Seinfeld where You know for every girl that Jerry dates there's always something wrong, right? There's always something This looks so good The one the one thing that I think that could be wrong is that it just has so much damn volume on the offer on the ask of level three Hey, if it breaks through all of that whoo, that would be sweet, but that's that's a tough feat to Ask for It's 60,000 right there. You got another 31 at 240 10,000 share orders every penny there Don I'm Don I'm rooting the sun. I hope it goes. I really hope this pops It's like as level one as it gets it's like, you know safe low risk trade I know he just says look at the size of the asks and the bids That's the only thing right where like it's not as often that we say a stock is too liquid where it's too filled in but All the level four also for it. I didn't even see that Okay, how about a little Hypothesis here a little theory by the time cgc Hits a dollar and bounces Perhaps that like when the pot stocks bounce if they do perhaps that gives cron or cronos here the boost it needs to go That that's we can only wish for it, right? I mean look at cgc. It's dropping down pretty cleanly down to 105 now I'm looking forward to a test of one here coming up I have a level below one dollar if it drops off even more. I'm not catching falling knives, but In the event where this just smashes below one right now suddenly Maybe like 90 cents could be that bottom, but what would you say if I was to 103? AI made a good bounce from 2750 But good. I mean it moved up like 25 cents nothing crazy, but Steady little trend up off it now That so so that that's a very good question. I don't I don't know I can't give an answer that's useful um Yeah, no, I not I remember that Yeah, no, I remember that that was a funny one He had a couple of those things that that happened every every now and then Cgc tiny bounce so far Yeah, as a hell of a slingshot right now right there You know there were trades out there, but you're right, you know, you're right I mean nickels and dimes for the most part Uh, it looks like ffie's at the high of the deer right now. That's trying to make a pop right now. It looks like So the there could Yeah, spy just kind of went right up to its open price and smacked right off of it as resistance So to look at flip that back into support. I think that we might get another shake back down here soon Uh, definitely. I think it definitely had one. Maybe that's the news on it even On august 22nd, they did a 1 for 80 reverse stock split. I don't know how to get to the number 80 What constitutes 80 versus 50 versus 100? Got it. Okay Yeah, so just get in and be about that time Fausto I'll be back on the mic though at 230, you know, 230 p.m. Eastern for all of our students inside our live trading room And all of us back on social be right back there as well Don't force anything out there. Yeah, don't force anything out there. There will be trades Fausto myself rich will call them out Um, and and hey you as well if you see something really juicy and worth it, but don't force it That's how you lose your money. So