 All right, good afternoon separate traders welcome on back here Of course this Wednesday afternoon great to see you Michael still with us here Nick Lada and all of our students members alike inside our live trading room We had Rod before John before Warren got Ryan now with us Perhaps and all of us joining us on our social streams Facebook live LinkedIn Twitter YouTube, etc You know hey market ended up making pretty much the the move that we had expected it to make off the Fitch rating headline right you know any sort of headline like that Oh, you know long-term economic downgrade on the u.s Of course you're gonna get sell-off right so we started to see that in the after hours last night But it continued and trickled into the market open today You know normally we would expect reversal time to be around 10 15 10 30 on a stronger day in terms of direction Perhaps a little bit later on so if you look on the spy chart, which is on my five minute here looking at that Orange chart there in the bottom you can see it ended up tailing all the way down going into noon time and still isn't Fully out of the doghouse just yet. It's been slumping off here heading into the last hour lower high since and you know Perhaps we could see the markets pull back much further if not heading into this afternoon Then perhaps just a gap down overnight heading into tomorrow So be careful just because you're getting a bounce on one stock does not mean that it's a great swing trade There's a fine difference between a day trade and a swing trade and for Ryan and Laura Lawrence and Michael and Rod and Leda and Nick all of us here You know the difference before you press the buy button And if you don't then you definitely need to go back and realize why you're risking money to begin, right? I mean 99.9 percent of us know that difference before they press buy But I need to reiterate that because you can't turn a day trade into a swing trade especially in this market right now So you know that said hey HIs on the screen to begin It's like flattest can be end up making a nice little pop early in the morning, but then died off So it's a big percentage wise, but I'm gonna pass on it here for right now We'll just go across the board from top to bottom here I'm looking for a bounce on that AMSC with Nick, you know earlier in the or in the late morning early afternoon That was really the last call out. I made on that trade it was dropping off and I was looking for a bounce So it broke below 12 pretty swiftly well didn't break under and over just broke under so where's it gonna bounce from? We'll talk about that in a bit, but let's just go right from top to bottom though to start Got a bunch of stocks technically up percentage wise whether they're too expensive or too cheap or we'll find out I know it might got a few a few bucks on this AURC trade just obviously very illiquid Meds same deal I'm gonna pass on that a lot of this crap I'm honestly gonna pass on to be transparent with you ID AI let's at least cover the move that this had made from earlier today It was a great push ended up building up resistance off of 240 And then from there broke it so much like we always preach here once resistance gets broken through of course That could lead to a great entry and it did but if you missed it from there Resistance could potentially become support and that's exactly what happened It led to a nice entry at least heading into the late morning. Just failed to break out higher That's it You know just failed to make that real big push-up to three and even if it did break higher It wasn't prone to make in the move that you're seeing now. So Yeah, now and just smashed below that 240 so there goes that. You know, hey, it was a nice trade wall It lasted ID AI Brings me right back to the ahi trade nice trade from the pre-market into the open But obviously not as much doing right now right a looks like a pop and drop type of play pushed up heading into the late morning Just out of nowhere broke out over to Just me about like 85 cent push. I didn't see the news out on this trade, right? Really quick. Just gonna check Benzinga pro right now just to get the news headline out on it So this came out honestly the headline popped up from them at 227 just minutes ago actually right-aid shares trading higher in sympathy with CVS After the company reported better than expected quarter to financial results and issued fiscal year 23 guidance So, you know with that type of top though and right-aid you would have thought like Earnings related figure maybe got leaked maybe the leaked earnings that came out ahead of time That's why I was like thrown off for a second there like all right Let's take a look at CVS But if CVS was just before the open here and it just made its own move from earnings at the opening bell That was a bit of a delayed reaction on rated wasn't it? I was just out of nowhere Late morning early afternoon there read at noon time. Just bam big pop. So call it sympathy, but that's not like a real Sad, I don't know. That's not that's not a real sympathy play in my eye You know, of course, they're in the same business But it could just be the fact that right aids a very heavily shorted stock and perhaps with all these stocks We've been seeing from the last few weeks last month It's bound to happen perhaps right and maybe there could be more to come over time on this right-aid trade Especially if the markets could make some sort of bounce over time soon, but uh, yeah right now dragging back down Looks like a pop and drop at least here Alright, that was at 26 percent. I gotta catch my spot here on the gainer side though. So what else we got RBT This is pushing up to its opening print price earlier at 160 held it perfect. They came back down The market's dropping off obviously UVXY will slip on our main list to begin. That's the first one on there for right now It's an ETF But if the markets fall off and if you have book map, which by the way, let me ask I always like to ask this question from time to time for just, you know All of us here inside our live trading room just a quick question Do you have book map right now? Whether it's the main version or if you're on thinkorswim and have it Just let me know Give me a quick chat back Want to see how many of our students have book map because obviously we've been talking about book map for ever So if you've been here for a little while now and you still don't have book map, I would say that you should probably get slack though Charles John Felix Roger Larry just got a very nice congratulations and Ryan too and Kathleen. There we go a lot of us here And of course talking to a smaller crowd here in the afternoon for a summer Wednesday compared to the morning session Maybe I'll ask that same question come tomorrow morning when we get full house But Larry asking who is your data feed so that I could just slip to you Larry. That's DX feed It's through book map, but if you're on the thinkorswim version, you just you know discuss it through thinkorswim You know, they're rep there and they'll be able to assist with that All right, so with that if you got book map if you're Larry if you're Kathleen or Bell or Charles or Any of us your John or anyone of anyone of us that have book map Then it makes it a little bit easier for you to focus on an ETF like UV XY or the Q's out there Whatever it may be so just keep that in mind if you don't have book map then focus on a stack That's just really it. All right, so UV XY up 16% catching my spot once again here But we keep it we keep it going so a CE I pop up towards a dollar earlier I broke over it when rich made that last call out, but Unfortunately really hasn't shaken off it really too much. So It's dragging back down right now as we're talking so I was gonna put this on the main list But I don't like that last little drop-off right now. I'll put it on the side come back to it if we need to Tiva great pop from the morning right from our morning watch list here This was like the best stock across the whole open because you know, whereas the markets were dropping off pretty swiftly at first This was just purely going against the grain. It's not something that you really expect So, you know once we started to see his break resistance, you know Perhaps he trusts the cyber clock there and you know not expect for the reversal to be a 1030 Maybe around 1015 maybe even earlier, but it was definitely fun while it lasted I think it topped off. Maybe even right at that 1030 1022 yeah, so you never want to guarantee 1030 especially on a down day if this is really pushing up Then you definitely want to under shoot that reversal time, but Yeah, right now definitely flat here for Tiva. Alright, so top over to the loser's list probably not gonna find too much else on the Gainer side right now markets like I'd said meet lower highs recently here on the intraday and pulling back So top over here. See if there's any good shorts The RV and I didn't notice this until now shortable down big But just up until recent here is dropping off just bounced now a moment ago It's got something volume on the books. So I'm not really too interested in it really but yes Top getting crushed ended up pulling back below that 368 just now That was a historical level that we were focused on from the end of last week and with that not a good sign here So, you know, maybe just keep it on your side list for tomorrow if it has some sort of Rebound you could day trade off of but I don't really see it happening right now here SPR and this ain't looking too bad and was a spirit air is the spirit airlines Spirit arrow system holdings. Is this spirit? This is spirit. We're throwing this on the watch list. I Think spirit was a SPR Spirit arrow systems and assuming the answer is yes, right? Manufacturers arrow structures, blah, blah, blah, so honest is quick skim. Is it? I'll tell you about just the name alone leads me to say let's just short the crap out of it spirit airlines No, but I ended up leading to a big drop. Whatever. This is spirit arrow systems But you know, it really it is relatively tradable down big right at the lows. I wish it was more liquid, but we'll take it That's it later. That's it. I was drawing like a like a brain fart there It basically saved that spirit airlines and it's kind of dropping off too, right? maybe moving in sympathy with spirit arrow systems, but SPR is the one that will be trading though. That's the one TGI I'm just kind of rounding off right now if it ends up breaking lower. I'm sure we'll see it again. We'll call it out SMG dropping off just pretty thin on the book. We'll pass there There's gonna be a lot that's down percentage wise folks. So type it in the chat board early Let me know if there's anything moving down with the market. That could be a good short Obviously go through all of our sideless stocks here I know AMD reported earnings going into this morning. We're following them at first But you know with the drop-off that the market had even if AMD was looking pretty strong Not everything was gonna look like TVA that TVA trade was like kind of like an anomaly and AMD It was just dropping right with the market at the open. So The pass on it for right now. What else do we have here folks? Michael saying QS moving lower. It's just kind of flat Down nine percent, but it's not really going anywhere Check out just all the other side of the stocks right now PLTR had a small bounce. That was actually going against the grain just a bit earlier IO and Q is not going anywhere as of now These are all just sideless stocks that you can keep in mind just tomorrow morning or you know at some point If they end up making a move later, but I don't really see much there out of them ex-pev The AMSC trading Nick, I don't think we're getting that bounce off of 1140 You know, we got the hold off support, but holding over support doesn't make us money So we said that earlier and bounced up for about 75 cents But then came back down and that was just pretty disappointing because I thought it was gonna try make a squeeze up towards the VWAP They're had a good chance and just ran out of steam. So yeah this stage now. It's just not really in play Did I mention the ID AI I Did earlier It's not going anywhere right now though that thing was done So once that broke below that once it ended up topping off and failed to break higher from 280 We're talking at 12 p.m. Eastern time at that time. It was dead at that time. It was a done deal Checking on social right now Mike great to see one of our students actually just perhaps just stepping away from the trading room Joining us on social right now on YouTube great to see Mike here today and then Xavier Xavier what do you think about RAD perhaps a comment just from earlier can it come back? So that was kind of just you know talking about the pop and drop before right in a healthier market There's a chance, but it just seems like at this stage especially from like the break below 250 and the downtrend off of that 250 price there if it wasn't gonna try and hold a higher low from around that area Then I wouldn't have expected it to make a stronger bounce heading into this time and since it's only dropped off more So even if it does bounce like 10 cents, that's not what we're striving for right I'm not striving for that like 8 or 10 cent profit from here We want to see a lot more and if it wasn't holding near the highs at this time of the day. I Had much less confidence You know than anything else there. So, you know, hey look what happened on AMSC, right? Don't get stuck hoping and holding That was my freak luck trade back from yesterday morning end up closing half my trade out Instantly yesterday morning and then the other half I ended up closing out as soon as the market opened up this morning It was down big. I was like I shoot right away. I was like, come on run back up to 20 run back up to 20 In due time All right, so folks we're gonna wrap up for right now So hey if you're Xavier and Mike and wanted to join us inside our live trading room If you're more than free to do so you could actually go right down to the link on the banner below as it's scrolling right there Or if you're fancy with your phone is I like to say just scan the QR code as it pops up right there And then that that way you can get access to our live trading room Just for a week long trial look forward to having you there any questions before before joining us Feel free to shoot me over a quick email first Josh at c2 trading comm is the handle It was like the post that they're at the end there if you're joining me in the morning here this morning Prior to the opening bell or just subbing in for Fausto. He'll be back tomorrow morning I believe so just be back in his normal seat good to go for the open tomorrow for Lita Michael Ryan and all of our students there like inside the live trading room Ryan at the bell saying ah I popped The bell meaning the afternoon you know Yeah, I mean it's trying to eat back up a little bit. I reckon I mean hey We got SPR on our watch list and then we have to UV x y. Is that really all we have on this afternoon list? Ah On a day like today where I only have two tickers on the list and the ones in ETF I feel like kind of forced to add something else out out there on our watch list Let's just try and go a little bit more see what else we can have here and there is really nothing that is looking good We'll pop up Benzinga Pro Never like to build out too big of a watch list, but geez got two tickers on the watch list. That's it I mean one's a good short. Okay, wrong See I I he finger RB team we'll take a look at those and just say See like this is this doesn't seem like it wants to go too much of anywhere just yet FNGR is up 10% but the order book is terrible. Look at that Look how bad the order book is there a big spread for a five six dollar stock We don't need to trade that type of stock right now Later asking to suppose Nikola Yeah, you know, it's tradable But it's also pretty slow So if it stalls out from here, then you're really just grinding your teeth looking at you know, Nick just pennies there so I Don't know folks. We'll take a look perhaps the PLTR would be a more Volatile opportunity for comparing a similar uptrend later, right? Obviously one's a little more expensive than the other but both are within the same You know both are within our price range that we scan for and I own Q slacking off there Yeah, you know what? I don't mind kind of leaning towards the PLTR just to slip on there It's low risk tradable based off the spread in the volume Latest says Nikola earnings Friday. Okay, we'll definitely be in touch with it throughout this week Xavier asking is the subscription monthly or paid monthly? So the trial itself is nine bucks just to join us for a week long there But then we offer memberships on a monthly or even on an annual basis Xavier So at that point once you join us inside our live trading room You'll be able to talk to one of our education advisors not just for the membership prices and all that good stuff But they'll be able to break down at least how the trading room works and where to access the workshops that come with it All and they're really anything else in between there are the middle men or middle woman between you and Fausto and you and myself Any trading questions actual trading questions. I'm gonna go to though. All right folks We're gonna wrap up here. Hey Rich will be on the mic starting at three o'clock for Ryan Rod Leda and all this just there joining us live And then I'll be in the chat board up until 3 30 I'll be on a coaching call for ever students Charles up until then so no hey best of luck trading going into the market close for all of us here take care