 Alright folks, we are good to go welcome on back here brand new week live inside the cyber group trading room and of course An honor on all of our social streams here at Facebook live linked in Twitter YouTube Cetra of course you could tell by the ugly mug actually looked pretty bad here this morning This is not Fausto Fausto is in fact getting ready for our annual on-site event lined up this week I'm actually flying out myself later on today But getting the hot tag from him to do the morning meetings So great to see all this back alike here and especially those inside our live trading room later John Egan Brian Michael Grant and all this just joining us there Nice little pop on this arenas stock just kind of came out of nowhere a moment ago prior to this meeting beginning You know for a Monday you normally shouldn't expect a whole lot out there You know we still kind of coming our Coming off the Fed meeting and the PPI reports CPI and perhaps you can get some better action heading into the end Of this month as we're finishing up here in September or heading into the beginning of October as we're starting So you know with that I'm on arenas. Hey making a nice pop right now. It's up nearly 68% right now Let's just take a look to see what bookmap has to offer level four So it looks kind of choppy here at least as far as like the real orders that are out there There's about like 12,000 shares 13,000 shares sitting out there right now at 119 An order has been out there for a little while. So I guess we'll call that big resistance But really if it could break that I don't see much out, you know Above that price that looks pretty significant. So, you know, let's just see what happens off this 191 20 as of right now It seems as if there's a small little order out here on the bid, you know, actually not that small not 21 23,000 shares right now you could see but this is where I say like the rest of the orders aren't really too Consistent, you know, nothing really out there for a long period of time or anything like, you know That much larger compared to what we've been seeing here thus far So 20,000 shares on the bid looks like it just may have hit 119 right now 118 went up right up to 118 and pulled back a couple pennies here So let's just be careful around resistance, especially heading into the market open You know, one of our rules that we always mentioned a little free game for us and social media But from class this past week, you know, normally a pre-market trade You don't really want to hold into the market open especially something that's already pumped up this much already Could he keep pumping up for the next few minutes? Yes, but around like 9 10 9 15 Eastern like myself That's where I'm running for the hills I'm getting out of that trade because not only do I want to give that stock a chance to pull back in and breathe And relax like I always say like myself like I want to do during this meeting I want to take a step back and breathe and relax myself So with that in mind, you know, this can keep pushing up a little bit more Looks like a new order just popped up actually at 140 about 17 18,000 shares sitting there So that could be our next target in mind, but I'm gonna tick tock here move on here pretty quick So our next we'll put on our watch list even if this does pull back after the open or right before the open Perhaps this could build new support and then from there make another run We had another pop here right before the open Stock ended up crashing into resistance and now you could see it ended up pulling right back at least a little bit here In the meantime, so the jobby trade stock ended up making a little pop actually eight o'clock It looks like it began to pop we didn't focus on until really just broke new highs from there It was up like you know three and a half four percent at the time said, okay Well, let's just give it a shot It was a very slow pre-market up until that point really so that is where hey You do want to start and stick with our watch list that we post out prior to 8 a.m There's a reason those stocks are on the list and those stocks are as active as they are prior to 8 a.m Well, they're not all gonna work out But hey at like 8 15 8 20 in the morning or in this case even a little after you do want to start to aggressively You know scan more and more because if there's nothing really that's working out from 8 o'clock, okay Let's see what happens at 8 15 or otherwise Let's see what happens at 8 30 and here the jobby trade made a nice break out to make a new high of the day and Round up pretty well for what it's worth. So this one had resistance at like six fifty eight six fifty nine We'd called us out in our chat board just earlier about twenty four thousand shares on the ask so it popped above it mind you but You know pulled right back down ended up shaking lower highs there and dropped up about 15 20 cents lower So yeah going into the open similar to the Arnaz trade We're just gonna put this on our watch list still very active and tradable for the morning this stock jobby We actually are pretty familiar with so actually I think it was even our last on-site class back last year But we ended up trading the job. He was on a great spread great order book You can even see back in July of this, you know past summer We ended up doing pretty well on it big gap up after a point and pop the stock even right now is on Spread one cent two cents spread it does have thin size out here right now, but that's pre-market It should fill in a lot more once the once the opening bell hits today You know at about 25 30 minutes from right now this will fill in a lot more You'll see new iceberg levels out there, too So we are pretty experienced and familiar trading this one stock actually jobby I'd say the same with Arnaz. You know maybe on once or twice. We've traded that stock in the past But you know this one actually we have good experience with like I said even dating back to last year's on-site our trader summit Once again, we'll be doing that this week. So this little a coincidence there might I say so Arnaz jobby definitely good to go for the morning now the PB B Pts might just like see a tripping me up there Bpt s there we go. Well, you could see now It's dumping right back down and the stock in the past. Well, yeah, we've traded it in the past But much like jobby has in the past and Arnaz. I'm sure it's a pop and drop So you do want to be very careful holding on any longer than you need to be I'm sure this stock has had a reverse stock split and probably over the last Couple months. Give me actually a quick second here if you don't mind. I'm gonna Take a quick look right now Bpt s Reverse split because I know for a fact we've traded this actually Somewhat recently and it was pretty cheap like it is right now So that's where I'm kind of thinking like I feel like there's been a reverse split that's taken place At least at some point in time. So it looks like maybe back from July of last year Yeah, it looks like they end up falling after reverse stock split from July of last year So maybe that was the last time then perhaps but either way this thing fell all the way down at 88 cents You know, I don't think anyone's expecting the stock to squeeze up unless if they had like insider news, right? So this is a day trade. This is not a swing trade You know, don't look to try and buy the bottom sell the top. It's impossible Uh with that, you know, if this could build support then much like the others Perhaps it can make a nice new trade later on But this one looking a little weaker heading into the open compared to the other two So focus on more of the recent trend here to work with going into the open Had a nice pop after eight o'clock, but then topped off and broke under You know potential support level and then tanks. So going into the open here. It hasn't been looking as good Uh, now I will say not looking as good Perhaps you could say the same with the whole stock market spy just breaking new lows right now as I'm talking And the reason I bring this up is well, hey, that kind of segues us to a stock I just saw my scanner here on benzinga. I just want to jump to it here I would have found it anywhere on the gainer side, but the etfs uv x y and s q q q You know, this one's up not nearly as much as the uv x y is percentage wise But you know, both of them I'll put back on our main list if you have book map if you have level four Then they're going to be a little bit easier to trade if you know how to follow the other You know tools from the heat map or from the from book map not just the heat map part of it But the dots the cvp column here. I'll show it really quickly just for reference Have my computer reboot on me on saturday I intended on keeping all my stuff open from friday including this uv x y so I didn't have the chance to do that but Yeah, you can see where the heat map gets like pretty you know It's tough to read it's tough to get a good grip unless if there's something that shows up that's fairly distinct Like this order here at 1623 well over time that actually just became support for a slingshot And then right now it's on the way up towards I guess a small small level at like 1667 or so Hey if our best entries are from big levels and I'm calling this a small level folks if your grant or egan array You know that I'm not as in fact about using this as an entry level just yet But that's the next little price to focus on I would assume 17 as a whole number If anything you can give a little leeway as you know considering a potentially big level If I want to get crazy with doji's too, I reckon maybe 1708 doji back in july But that's like really out of the box and can read right there So we'll see what happens at least heading into the open I do think over time this week that we do see a strong bounce You'd figure for as much as the market dropped off over this month in september But you know a lot of us have rightfully said september is the worst performing month month out of the s&p Historically so here we are september 25th By the end of this week. It'll be september 29th next monday will be october 2nd You know, you're not going to necessarily get a bounce like on the very beginning of the month It might come sooner than later. It might come later than sooner My guess is that is sooner than later. So I think perhaps mid to end of this week We can get a really strong bounce across the s&p Um, hold me to that. We'll find out, you know All right, so with that uv x y s q q q we're not going to add all of them We got this other one here uvix got yang chinese etf actually china markets down big today The news out with that at least is the big real estate developer ever grand They were down like 25 like on the china market So something with their debt Reconstructuring plan that they had they might be kind of going back on their word or they might be going back on their agreement Perhaps there is a lot more to it. So I don't want to talk out of pocket But basically we'll just say that's it and it led to a big drop just not just on that major real estate stock ever grand But you know the whole market. So this morning in pre-market I ended up seeing li down big chinese e v company neo down big chinese e v company So we'll take a look at those on the loser side in just a moment Uh, we're really a five percent right now. So I don't really see much Use for any other trades out here on the gainer's side. This ardx was garbage early All right, so let's see if there's anything looking good on the way down Perhaps you can get a good bounce later on today We'll find out even if that true balance isn't until let's just shoot from the hip say wednesday thursday You know, we might still get that reversal time intra day bounce 10 30 or so 10 15 10 30 So no couple stocks I mentioned in the chat board earlier today Actually not a couple. There's actually just one stock I mentioned in the chat board earlier today We'll get to that as we wrap up mlgo though. Let's actually go back on this from friday. What a What a disaster, right? I mean not a disaster for us inside the live trading room I didn't have the chance to trade this on the way up. I was just following I think at the time like Apple I think there was another trade with the home. I thinking amd Which is the stock that we're going to go into just in a bit But otherwise for mlgo it ran up really nicely after the open then it re broke and that's where I missed it The re break and run from seven ran up all the way up towards 10 historical level that we called out earlier in the chat board Well, what goes up does come back down. We do say that big trees fall hard. We do say that It's funny because in class bill was asking me at the very end in like in the phase two course like hey Would you short the stock? I before even turned over to it. I thought like it's like not going to be easy to borrow It's like some pop and drop Well, it was some pop and drop and yeah, it actually was easy to borrow. It was shortable It was crazy. So, you know a nice drop off But even if you're not getting it from the peak there, which again, we're not trying to do No one really is doing that like real money. We're talking so it ended up making lower highs and then from there That's actually the opportunity that could have been really tradable as it ended up making the lower high from 750 The rebake under seven a freaking tanked came all the way back down It was like a complete Christmas tree pattern, right up and down now with that though Look at where it is this morning. So It's down 29 30 once again this morning. I guess it still is easy to borrow from you on trade station I don't know if it's easy to borrow for you on your platform if you're on toss or ib fidelity Whatever it may be all great brokerages It's just to say at least this stock is still tradable I wouldn't really be looking for that move on the way up if you get it then I'm going to be more reluctant and more cautious to look for that move on the way up as I would A short on the way back down for another drop. I know it actually did fill the gap and and then some so pulled all the way back towards the High 437 back from Thursday's trading and then even well below that obviously close from Thursday at 396 Here it is now 335. So There could be a case to see a try and sweep up a tiny amount But I would be looking more for a move on the way down over time I look for that short. So put this back on our list mlgo. Hopefully does have a good order book at the open here All right, so otherwise bunch of other stuff hard to borrow not down as much percentage wise So here's lee down six plus percent gap down this morning dropped off a little bit That could be on our watch list. I wouldn't mind throwing that on our watch list at this point Don't have like really like a maxed out watch list just yet. So, you know, wouldn't mind lee Wouldn't mind neo. Obviously, you know, I love neo, but the cheaper it actually gets the slower it becomes we brought that up last week Uh, I think it was in our traders talk workshop. So the neo trade I will put on our watch list lee I'm gonna put on on on our list here too The xpev I think is like the healthiest out of all those three in terms of just their finances At least the reports I see on benzinga, you know, they're Basically saying that they're not affected by anything that elan muska is doing within the evi industry with how big tesla is obviously Uh, you know, this is not down nearly as much percentage wise it goes to show It's hard to borrow also So if it ends up making a big drop and you could short it then give it a good go because it's going to have good order A book and all of that. Um, I just feel like lee and neo are going to be more shortable. They're down more percentage wise Another one here jd infamous stock in solder live trading room back from 2014 2015 um Let's see what else we got here though Not much else looking like it's trading some big volume there like neo opens too cheap not going to be a great short All right, so I'll tell you I think that's pretty much it from my side I'm gonna take a look at benzinga pro see what they have there When they're giving me stocks like this, you know that we're at the bottom of the barrel So p x y or p y x s select see what once again there g d h g I got that one right, but I don't think that one's looking as good Yeah, all right, so folks I think that we're gonna wrap up for right now. So I think that we're all set. We got a decent list I didn't have any I even put on the side list. I'd said I'd come back to Uh, let me just jump right ahead to our social streams here facebook live, etc Hey Look at the captain here. I'll capitano. Hefe here joining us on youtube Hey Not the fowster fowster is normally here in the seat But for all of us otherwise on youtube and social media scan that qr code on the top left of the stream right there Get you access to our live trading room In fact, if you want to do so and call our office talk to one of our education advisors They'll even Reset the trial to begin on a specific date if today doesn't suit you if you want to begin tomorrow or later on Throughout this week. Give a call to our office scan that qr code first though get you access to our live trading room now Great to see fowster joining us. I'll be seeing fowster in person later on this week Um, if not tomorrow fowster perhaps on wednesday once we begin our onsite course our ctu annual onsite course Sometimes we even like to do it two times a year, but i'll say fowster our annual onsite course Uh, keep in mind folks You can still join the webcast still have time to join the webcast for all of our gold platinum and diamond students here at Ctu a couple of big live presentations on swing trading and options We have bruce pringle from book map joining us as always. He is an incredible instructor So you know he's gonna be in person with us. You have the chance to watch on webcast as well Chuck saying here in the chat board evergrand looks going bankrupt some advisors saying From the few amount of headlines i've read chuck wouldn't shock me right obviously or down 25 percent this morning. They had the Suspected collapse or collapse even you could say from last year it was or the year before So yeah not looking too pretty for them and they weigh the market down quite a bit. It seems China markets at least All right, so I think that's gonna wrap it up folks So again, hey, we'll be that we'll be back live on youtube later on today at 2 30 eastern time later on this afternoon I will be in the air myself or prepping to be in the air my colleague rich will be tagging it for myself And then hey back tomorrow morning fowl. So it should be back tomorrow morning for this morning meeting But for michael later grant chuck and egan john later and all of us there joining us live Gonna refill up on water got my nice water cup here gonna refill up We'll be good to go in just about 10 11 minutes here folks talk to you all soon. Take care