 All right, cyber traders welcome on back here this Thursday September 1st once again top of the month to everybody here live inside our Trading Room we have Edwin Warren and the likes of everyone else John Ron and all of us rejoining us perhaps here inside the chat board great To see it. There we go should be good there great to see all of us back on social media Facebook live or YouTube So with that in mind folks markets are bouncing they took a little bit longer to bounce and I thought it would take But here we are right it's not a matter of where it starts But a matter of where it finishes now what I mean by that is well at least from the morning Audio broadcast that I was doing this morning for all of us inside the live trading room I was pretty hopeful to see it bounce on the spy the S&P collectively you're like right around 39 20 39 10 and At that it took a little bit to consolidate But we're getting a pretty good squeeze so far heading into this afternoon We'll see what jobs report comes out tomorrow And we'll see if that ends up benefiting the squeeze or if it ends up just pulling back and and dropping you know And ruining all the gains that we've had here across the afternoon So no we'll keep that in mind and with that on top actually for all this in social media at least Facebook live YouTube before I go into my spiel I'm gonna actually do a video coming out over this weekend. Let's say by Saturday Sunday I just got to figure out the right time to do it But I want to go over some technicals once again I did this back like four or five six months ago Even I forget even the month but a little while back I did a video It's on our YouTube channel going over the S&P and Bitcoin at the time I'll do a little Bitcoin there But more it's on the S&P and I want to go over the same exact Technicles that I showed then and how it's correlated to the move that we're seeing here So I was pretty confident in seeing a bounce within the market. I don't want to I don't want to cuss I don't want to say a curse word. I don't want to use the B word officially Bottom and with that, you know, we'll see what's ahead on this show We'll see what's ahead at least on the S&P are going into the end of this week if not this afternoon So with that in mind, we have the AVYA on the screen to begin It's up over 9% nice little bounce across the morning into the early afternoon right now It's still near the highs it has about 90 90 2,000 shares collectively on the S between 179 and 180 So 181 you're high of the day and then a couple of big icebergs right below there So, you know, that's definitely gaining our respect as resistance. This is a gap fill I just see that right now back from the beginning or end of July, maybe 209 is the close 203 the low it hasn't hit there yet So there's a little ways to go to try and technically fill the gap based off that that day What do we got here 182? All right, that's a little bit more telling so it looks like the bottom back from the month of July right here was the top for today So will it continue to squeeze up break above that and get closer to that to level? We'll find out looks good. So AVYA at least for right now. I'll put this on our main watch list Have a nice squeeze up on this S&P here on the spy So with that, let's just jump across the gainers list We'll go from top to bottom, you know, I ended up doing well today Not well did all right on HPCO, but it was the AI trade up and down More down but now squeezing upward here heading into the afternoon. We'll get to that in a bit But the HPCO stock very very wacky trade from pre-market had a nice pop early on here But it was very thinly traded. It was moving sideways for a while Broke above resistance off of 8 and 810. So thankfully your resistance eventually became support That's what led to really our first entries on this trade from after the market opened up when the market opened up This took off like a rocket ended up getting halted a couple of times on the way up there Well, listen, we're not trading the first five minutes or so first five or ten minutes So once it popped and got halted, you know, hey, I'm not in that thing I told everyone right away. I'm like, I wish I was if anyone, you know Took a higher risk and looked to have jumped in out the gate. God bless you ended up doing well But that doesn't mean that you can't get back in on the stock or can't get in on the trade later on So this led to a beautiful bounce from 8 It led to a huge break above resistance off of 9 and the VWAP to where myself and Alan ended up jumping in right from the 9 level. We did pretty nicely. We left some money on the table But who cares once you capture that big move that you're looking for we ended up getting out right around 990 to even 10 I think just know right under 10 Well ended up squeezing up even higher blew over 10 over time topped off at a high of 1149 But you know right now at this stage making lower highs kind of filling in sideways a bit here I feel like it's only you know bound to snap under 9 support and crash back down So, you know the HPCO we had fun with it while it lasted but you know for right now I'll pass on the straight at least here wanted to go over more of the morning move that we had Say what when the hell did pixie become a $21 stock It had to have been some sort of reverse stock split because this has just been like a real cheapy for us in the past Like normally below a dollar so you could even just tell from the daily chart This definitely was not a $400 ticker back in the beginning of last year You know hey when a stock when a company does a reverse split oftentimes It's to remain above NASDAQ listing requirements or in New York stock exchange depending on what they're listed on this is NASDAQ but It's to say that it might lead to a squeeze up at first But when I tell you when the volume dies off, so does the stock this is the type of trade That's like the epitome of that ended up completely collapsing after the volume peaked here from like the most recent halt And it's only dropped off, you know 50% since so yeah I mean the pixie trade definitely at this point. We're gonna write off, but uh We'll keep it in mind maybe for tomorrow who knows and it's just got such a thin book It's like almost untradable here today The FMTX just wanted to show this once more just goes to show that buyouts rarely move So this is super flat across the whole day. We talked about that in the morning meeting So just a little lesson there. Just want to show KUKE All right interesting name ended up making like a nice squeeze up but kind of low volume It seems like they're at first, you know again peaked at the highs here and then came back down pretty hard You know right now. It's just kind of prattling around the VWAP here So I'm gonna pass on it for right now, but during this meeting if it ends up making some sort of flash pop Then I'm sure I'll get called out inside our live trading room Alright the NTNX trade. Hey, the stock's still pretty active. I mean it's trading about 18 20,000 shares per minute right now in volume, which is pretty decent that number is always Gonna fluctuate and likely will drop off here at least heading into three o'clock But no that still means it's trading with some decent volume and low volume Time time zone right now. So, you know, I'm sure that you can capture a decent trade on this Especially if it could re break above resistance off of 22 But you know, I mean hey at this point in the day if there's a stock near the highs or near the lows Respectively then I'm a lot more interested in it So, you know, if you did well on this stock from earlier this morning There might be some trade left there for you, but let's see if there's anything looking better The EYEN trade we kind of just skimmed through the gainer side here at this point Couple of familiar names like TCRT Actually, wow, this thing's actually breaking above the highs from when we last traded it back from Friday last week Monday of this past week So with saying that I mean hey, it's looking pretty interesting like the AVYA stock So we'll put this back on our watch list here the TCRT now in terms of resistance You don't really see much that stands out. I mean 314 315 a combination of 1213 or so thousand shares So I would expect that to be pretty strong So if this could hold over the three level better coming up, maybe get an extra 10 14 cents there But yeah, I mean we'll keep it in mind Let's see what else we got for right now. We had TMC running up pretty nicely earlier today I'm still pushing actually is good now than ever. So TMC interesting. All right Same deal with this any big icebergs nothing that truly stands out one over the next This is your biggest order sitting here at 123, but you know, it's not really that much bigger compared to the one at 119 so there's be mindful see where support is looks like there was actually a 45,000 share print That just got filled at 115. So that actually is a lot bigger and more meaningful to me than what you see here 1617 K versus 45 K 46 K nearly so what's bigger in that sense? So 115 should be a pretty interesting level to watch on TMC You know, hey, we'll have it on our watch list for right now RIB T I saw someone call this out earlier I said it had a very thinly traded book and you know, like I said on the others like unless it's near the highs at this time The day, you know, we only have about like an hour and a half to go till the close You know, we know the good time of trading isn't really right now It's more actually like 315 330 Eastern time So, you know, it's a pretty small time window that we have to really try and get that last run Right now a stock like this isn't gonna cut it really and and that's to be said on like 95% of the stocks that will scan through here, right? That's why we have to like try and find that diamond in the rough Try and find that real move, you know, blue looks all right right now It's a little choppy here seems like it's kind of holding resistance right off the highs perhaps off of 636 But you know, I'll give it a look. It's a stock that we are pretty familiar with We've done really well on this blue trade back from the last month, you know, three four weeks here popped up here What ran it up from 450 day over day, you know, we're not swing trading this per se But as a day trade provided a bunch of great opportunities recently here. All right, let's see what else is across the gainers side here It might be a couple familiar names. It's pretty interesting when we ended up seeing like inverse ETFs like SOXS, you know It's still up 7% but Market pushed up pretty nicely here. It could be a nice day to look at some stocks from our side list Here's A&F, Abercrombie Fitch ended up making a big drop from mid this month And then I guess today just trying to make a nice recovery perhaps some short covering and with the balance that we're catching right now On the S&P perhaps benefiting from there. So yeah, A&F looks pretty sharp. I like this. I like this trade here Not really much volume sticking out here from the histogram looks like 15 not even as much there It broke over 15 nicely, 15.03 perhaps, you know resistance from the chart So hey resistance should become support initially I would look for it, you know support to hold if not right at 15 1503 otherwise look for an order to pop up on the bid to perhaps generate that support in between Otherwise it may just keep going right now. So there's nothing that sticks out really here I mean, this is moving up pretty nicely. Yeah, there you go nice little pop breaking a new high right now All right, we'll check to see where the next resistance is on this trade I'd assume off 1550 although again, it seems relatively thin here on the book So now just keep your eye out there on the ask see if there's anything that pops up momentarily off this 1550 Let's just see what else we got here. Otherwise folks will jump over over to loser's side in a minute Pets just wanted to show this one pretty briefly ended up making a nice move across the afternoon But ended up completely shaking back down dying off, you know, it actually made a nice bounce back up here, but I'm not too particular about it just yet I mean it still looks pretty strong in the sense of it's you know trend on the daily chart, right? But it's a sideless stock if by like three o'clock There's nothing else that really looks that great from the list that we're gonna put out Then we'll jump back to pets see if this is still holding where it's at here All right, let's just jump over to the loser's side here folks Hey, I always ask if there's anything up down left right more than that 5% that you would want me to look at or just check out here Briefly type it in the chat board right now. Just let me know Yeah, the ok ta trade here ended up making a nice drop in pre-market leading into the open Aside from the dead cat balance that gene got gene got like a dollar 20 cents He took most of this little squeeze here and it was a good squeeze But I say little in relation to the drop it made in the morning and then the drop it made across the remainder of the Day now it's making a much better squeeze ended up bottoming out right around that 5850 mark Perhaps 58 clean, but ended up bouncing back up and now it's making a pretty sharp move So you know listen we always say we like to keep our watch list within a certain price range But listen this has a really good trend to it nice drop from the morning and bunch of activity It actually has a really tight spread now for a 60 61 dollar stock, you know thin book But relatively tight spread given the price, so I like the straight again. I'm gonna put this back on our list SMTC Kind of same deal right relatively tight spread thin book You know less expensive and dropped off from this morning making a nice squeeze back up here, too So if I put one on it's kind of hard to not put the other I don't know if they're related. I doubt they are but you know They're making the same proverbial dead cat bounce right now All right, let's get to it AI AI ended up doing really well on this trade as the short this morning Drop or popped up at first ended up pulling back I ended up jumping on the straight once it broke back below its opening print I believe that was all 1535 and then from there over time I was taking partial exits and then jumping back in 15 here was a really clean level at you know to act as resistance Led to the drop back down again as you could see I most recently ended up trying to short this You know as it was pulling back. I had a really good entry So, you know, I scaled partially out over 14 I think even 1411 and then it ended up beginning to squeeze up and I'm thinking All right Well, you know, it's gonna break back above my level and get stopped out. That's fine But you know what if I'm led to believe it's gonna make that squeeze and and really continue to run up here Don't just get out. I'm gonna look to try and actually reverse my position So I ended up doing that on the second half of my position, you know 500 shares and with that I'm actually in long right now. I believe my price is 1427 So it started to squeeze up pretty nicely here for my trade's sake I hope it keeps going like the like the other two that we were just looking at the ok ta and the SMTC This might be a nice little day to see these stocks squeeze here. So AI AI I definitely like is a trade More than the others even just because of the liquidity. It's just really tradable So right now AI I'll put on our watch list and again, not just because I'm in it But you know, just for the sake of saying it's a tradable stock relatively or moderately priced I got my stop set too by the way. So if it breaks back below 1427 I believe I stopped at like 25 so I'll take like a minus two on this on that last chunk But otherwise, you know, we'll see where this lands us here. What else we got across the losers here LQDA has been pretty volatile for like a cheap stock, right? I ended up taking a big hit back from Tuesday this week squeezed all the way back up and pulled back down and then here today It's pretty active LQDA is actually still shortable on my platform here on my on my broker trade station So that means I could look to short it should this hold under five and look to you know drag back down more But otherwise if it breaks back over five here even 501 holds above that pretty cleanly that that could be a nice squeeze back up higher So I'll just check out book map once we finish up this meeting I'll post the book map link the picture for that inside the lot trading room at least but LQDA Yeah, I like this still pretty active trading about 14,000 shares a minute. So again, like one of the other ones had mentioned That's pretty good volume here during like normally low volume time zone All right wrap up here folks. What else we got across the losers side a bunch of stocks that I'm not really too familiar with That is it number 50. So there's gotta be a lot lot more tickers that are down because number 50 is down like 10% So definitely now more than ever folks on a day like today, you know, if there's anything else that looks good Just let me know Glenn asking about snap here in the in the trading room approaching the high the day That's right. Keep forgetting about snap, right? You know, I said normally it's a slow-moving stock So I'm not a fan of like slower trade But man this thing ended up popping once again this morning as you could see Get a nice move up drop right back down after it broke under 1150. It's re-approaching that level again here It's up that 5% great call. I'm gonna put this on the top of our watch list here. Glenn perfect Ron says V-Racks over 5 which I forgot about as well Yes, VRax making a nice squeeze back up here I don't know why I skipped over this or maybe I may have just skipped over this perhaps But we were talking about this inside the live trading room just a moment ago before we started this meeting It's just a choppy move here though, right? I'm not a fan of the chop I mean, it's near the highs. So we're gonna put this on our list. I appreciate Ron bring this back up for us Hopefully this just blasts resistance here and makes a much cleaner move here You know, it doesn't get cleaner in terms of the trend off the lows But if you're expecting a big move after a stock breaks through a big level this hasn't really done that over five So, you know, hopefully it becomes just a very clean move here for us. So we'll keep it in mind good call If you hear that right now, if you hear any background noise, that's either my computer or that's a bunch of thunder might storm here coming up So hopefully my internet doesn't cut out. I'm just checking the Benzinga Pro lastly before we wrap up I don't really have anything making a big move there and that's all right. That's all right Now again, we're pre-labor day. So I'm not expecting a whole lot of big movement here It's been nice to see the market make this subtle bounce Hopefully we have continuation if not into this close then into the overnight into pre-market tomorrow But you know, otherwise, I mean hey, we're out even on the flip side. We have a big watch list here for today So 1 2 3 4 5 6 7 8 9 10 11 stocks to work with we got a full house almost You know, not everything on this watch list is moving up though There's a couple of really good shorts here that we could work with You know again like the SMTC if that makes a lower high and drags back down the okay TA Hell if my AI fails to continue to squeeze up that could be a nice short once again So, you know, there's just a lot of opportunity on this watch list in either direction All right, folks So again for all this on social media Facebook live YouTube I appreciate you folks sticking with me throughout this entire day not just this afternoon But I tagged in for Fausto in the morning meeting You should be back tomorrow though If you have any questions feel more than free to send over a quick email Josh at C2 trading calm is my email If you wanted to continue the audio commentary that we have inside our live trading room Just go right down to the link on the yellow banner right there below to sign up for a trial But for all of us there right now Grant Lito Ron Glenn Dan Alex Ray Alex I'll be trading with you coming up one-on-one. I look forward to that sir But aside from that and we'll catch back with everyone later on today at 3 p.m When Rich comes back on the mic talk to you folks soon Come a cyber group member today Just click the link below and receive all these amazing products and a world of knowledge for just $9 Do it today