 All right, separate traders welcome on back to wrap up and close out our week here this Friday, September 23rd Shortly after 2 30 p.m. Eastern time welcome on back here for our afternoon meeting great to see the latest still with us here We had Felix just a moment ago clock out on the natural gas ETF cold great to see Michael D as well We have a few more more of us joining us right now Michael L Andre and the rest of us here inside the cyber group room Great to see us back on social media for those of us joining us taking us into the weekend on Facebook live In YouTube here so right now we'll actually be quite brief with this meeting because we're doing the phase 2 stock course Conclude or not concluding it continuing it later on this afternoon Phase 2 lesson number 2 for the month of September. We're gonna be talking all about risk management policies Setting stops and taking profits the official title of this afternoon's class So not just in regards to risk management and setting stops all together, but you know, where do we know how to get out? You know, that's what we'll look to cover coming up later on this afternoon So with that EVTL it might be a good stock for us to follow here during class. It's just got a really thin book Thin liquidity out there on level 3 bit of a spread at times here Beautiful trend off the lows makes that a lot easier of a stock to follow Thankfully if it didn't have such a clean trend, honestly, I wouldn't be as interested. So for right now EVTL I'll definitely put on our watch list here to begin. I'll tell you with the markets dropping off as much as they already have today It can go either way. We might see continuation of this downtrend We may see a little short covering perhaps into the end of the week But nonetheless with the market dropping as much as it already has today We were able to find some really good long opportunities today EVTL just being another one of them, right? So LITM was really one of the ones I was most interested in following upon the market opening It was on our pre-market list faster put it on the morning watch list and at that I mean hey, it was a little shaky going into the 9 o'clock or into the 930 market open But we ended up calling out bottom on this right off 260 ended up providing that bounce play for us there Then ended up breaking out above resistance over time It had a couple of different resistance levels to work with the opening bell print at 278 Big pre-market volume based level of 285 three bucks and it kept on giving I ended up letting go of this trade right at 298 and then it ended up pushing up a little bit higher without me Even taking us into the mid-afternoon here by 1 o'clock 130. He was actually breaking higher up towards 350 355 Right now though, it seems like it's dragging back down I feel like the majority of this move is already over with right, so I'll put this on our side list the LITM Maybe we'll come back to this at the end if we need to it was a nice trade from the morning You know if it ends up popping during this meeting I'll definitely reconsider but most stocks like this trading like 69 70 million shares on days Where normally it's trading like less than a quarter million or right around there The stock is more exhausted now than anything. I feel all right. So nice trade from the morning here the LITM Fausto's trade as well jokingly nickname anthrax is this anthem It's the actual name this company Thursus Inc. I probably mispronounced that nonetheless Anthrax ended up leading to a big pop shortly prior to the market opening up It was trending up really nicely heading into the opening bell ended up leading to a secondary move later on had some nice Consolidation after a big pullback, but ended up leading to a higher high after that point ended up breaking back above the 175 Level led to a really good rally up to two for as much as the stock moves this the LITM The EVTL which will jump back to in a moment for any stock that keeps giving and moving You can't keep expecting it So you got to realize at some point We're gonna see a top and at some point we're gonna see a nasty false breakout where a stock breaks above resistance And then it completely falls right back under it. So that's what happened at two bucks High the days at 210 But right off the whole number for as much as this stock pumped up. It made a hundred percent move prior to that Well ended up leading to a false breakout right over to All right, so the anthrax trade not looking too hot here at this point Skipped over a couple here number one KR BP. It's a cheapy below a dollar But it's the top percent gainer if it's looking really good you folks. Let me know G sun though. I was gonna skip over this as well because it's not trading enough volume It's also a little pricey but nonetheless I mean, I think this might be halted right now ended up leading to a low volume pump from like 2750 up to 3850 right now and counting it seems like a crazy move, right? It's probably going to trade very little volume if any volume at all on level three and level four So hey, it's halted right now. It's moving up, but it's gonna come back down Twice as fast if not, you know as fast. So, you know, just be careful of this trade the G sun I'm not gonna put this on our main list See oh, you know, maybe we should put this stock on our list The chart wouldn't tell you that but the stock has actually halted also alongside the G sun trade So with saying that we're waiting for this to reopen up it was at least a lot more liquid earlier throughout the morning, so You know head in speculation of what's going on with this halt here I'll put this on our watch list, but EBTL definitely showing a lot more activity at this point. All right Let's see what else we got here folks evax I thought Scott from the chat board a moment ago saying it's moving on up You know stock from Wednesday this week pre-market led to a big push But then then the wheels fell off there. So they're trying to recover right now. It is on a good trend, but even this one it's trading a little more volume than the Then the G Sun trade, but it's still not enough for what we want right now It's not really trading much volume per minute here So it's grinding up if anyone's in this trade miraculously like from earlier. Hey, I hope you're making money on it, but I Just see better operate. I hope there's better opportunity elsewhere. I'm hoping that there is at least let's see what else we got NRGD shouldn't have even clicked this $70 ETF. Is this an ETF here? Yeah All right, we had a nice push and gov ex earlier today pop, but then it pulled back It looks like it's kind of exhausted now at least at this point So if it ends up making a pop leader on when riches on the mic and most of us here are in class Then at that point then it will be a better trade to follow They should have pop over in class Perhaps we follow it live together All right, so the market down as much obviously not going to see a whole lot on the gainer side here today Right, we always like to say that because we have new members joining us here each and every day You see me go down the gainers list when the markets are down nearly a thousand points today Obviously, we're not going to find much right so you know had cold natural gas ETF This led to a huge push early in pre-market and then after the market opened up It only fell apart from that point So I ended up getting stopped at a couple of times before I caught the bounce later on from 1560 years right as class was about to begin I told one of my students earlier on a coaching call Obviously, I got out way too early on this trade ended up getting out under my blue line there at 1590 So it was essentially a scalp in essence But you know hey led to a nice bounce from that point could have had a lot more on the street as it topped off around that 1650 level just a moment ago. I tried jumping in off the 1650 only to get stopped out essentially break even minus two it was right here as we were beginning the meeting I popped above 1650 it was teasing it teasing it and then a slam back down So I actually went minus two said a really conservative stop. Thankfully I did You know it could be back in play later on it still seems to be trading some good volume per minute relatively active right now But let's see what else we got here Otherwise as we you know jump over to a loser's list here next actually first might I said, you know What the market down as much as it is obviously we were just looking at cold on the in the name of ETFs Of course, we have to slip UV XY still on our watch list right now, right? So S&P and Dow both getting crushed UV XY VIX ETF basically volatility slash fear index This ticker will look to move inversely to how the S&P are doing Alright, so with that let's hop over to the loser's side right now. I'd assume we'd find a lot more here So a bunch of stuff hard to borrow to top off the loser's list I'm actually gonna skip over pretty much each and every one of these stocks right now I guess the only one I would be remotely interested in is the one that's down the most Maybe it could be a dead cat bounce. Maybe From earlier led to a subtle bounce in pre-market, but after that Not looking good. So obviously this one we're gonna write off here Let's see what else we have going down the loser's side right now You got a lot more down the middle to the bottom of this list, which is fine We'll take that absolutely if there are stocks that are moving down with the market that are shortable dropping off You know, that's what we obviously want to focus on here at this point P-10 Doesn't look bad right near the lows. It is dropping back down from 11 bucks So there is some good trend to it trading about 12 13,000 shares per minute All right, I'll put this P-10 on our watch list right now Is it at all-time lows 52 week lows? What's going on here with the historical chart? I Mean it looks like it built up a little resistance right around 10 Little false break-o here and then it really popped above 10 liter on so you'd assume to be 10 You'd assume for 10 to be a big level. Anyway, it's still pretty far away from 10 bucks Right now So that would be more of like a home run target by the end of the day today If the stars could really align on the short trade But it still has to break down a little bit more first to even break new lows. All right. What else we got here folks What else we got? Got a weed through this a lot of riff-raff here on the loser's list here KOS a little slow, you know, it's near the lows, right? We respect that part. We like that part The stock is shortable. Nonetheless Apache APA we are relatively familiar with this stock more familiar with oxy So APA making that same type of sluggish drop off right now I'll tell you oxy. I see more opportunity in right now So I don't mind putting OXY on our list a little more expensive But you know, hey for a more expensive stock the liquidity checks out great for this trade OXY So I'll namely put this on our list Michael saying ETF Boil getting beat up too. Ah, it's not looking that great for a day trade though liquidity price There's not much direction on this either way right now. It's just coiled up. You don't want to Spend time watching this when there's better trades out there right now, right? And you could say that about a lot of different things you say that about probably about 90 percent or 95 percent of what's on the Scanners right now So really I didn't see much else that I found more of like a name brand stock or something that we often trade So let's just really quickly rip through just some stocks that we throw in our side list here day to day Hey the cruise lines and CLH is down nearly eight percent and that's right at the lows, too This could be a good stock to watch right now Michael saying draft king is again I think we had draft kings on our watch list yesterday afternoon If I'm not mistaken the day before it was yesterday So, you know, I make that same type of drop-off again, right? It wouldn't hurt us to put draft kings kings on our list Let's kind of just cherry pick and see what looks the absolute best right now I don't want to build up like a 20 stock watch list, right? So we went through the cruise lines. We'll check out a couple of airlines here and there I'll tell you what the airlines and cruise lines looking a little bit better than draft kings even I mean, these are kind of just showing better direction with trying to break that low of the day Draft King is looking a little coiled up for right now What else we got here folks? Laser one from this past week, you know, not as often called out It's looking a little slow albeit at the lows right now Jump over my Benzinga Pro here quickly to see what we have there I saw this was a Zillow Z getting beat up bad this morning. That was a really good short Not looking as great right now, perhaps, right? Not it not exactly near the lows right now Take a quick look at a couple of like auto stocks like GM or Ford All looking kind of just sluggish here All right, folks. I'll tell you what we're making great use of time Of course, we have the phase two stock course continuing later on this afternoon But we have a pretty good watch list already a couple of good shorts though oxy and p10 from our loser side Both of those look pretty strong on the way down Karen saying right now a heads up here right now at this time at a little competition here with this afternoon meeting I think Fed share Jerome Powell is speaking right now. Is he I didn't know that was coming right now So I'm sure whatever remarks he may be making we'll look to you know, see the market make a strong reaction off of All right, folks. Let's jump back to the two that we had on the side list LITM not really doing much of anything not really going anywhere just yet and cold The reason that I'm gonna put cold on our main watch list here It's trading good volume still at this time of the day at least for right now the more it wanes down It's not gonna be as much but This stock I don't really see much Historical resistance perhaps not up until like maybe 1819 bucks So we'll see what's ahead on this trade should it decide to blast back over 1650 there's no trade on this cold ETF if there if there isn't a blast above 1650 so that's the first level on this, but we'll see where it can go from there All right, folks aside from that for all of a sudden social media Facebook live YouTube enjoy the weekend Any questions that you have feel more than free to send over my way Josh at c2 trading comm is my email I always like to post that at the end of the streams here But we'll catch back with everyone coming up Monday for all of us on Facebook live and YouTube that is for all of us inside The live trading room later Warren Karen Michael John and all of us live there right now. I look forward to seeing most of us in class later on today I know again rich posted the link for the phase two stock course class just above in the chat board So make sure you make sure that you folks click that link so you could join class ahead I look forward to seeing everyone there. 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