 All right, folks welcome on back here this Wednesday afternoon June 16th shortly after 2 30 p.m. Eastern time welcome on back here for our Afternoon meeting. I believe we are good to go live inside the trading room We did the soundcheck just before great to see later Patrick Lynette who picked up 43 cents just now on this or ph tray great To see everybody else though joining us joining us on social media Facebook live and YouTube So we got to get into it pretty quick here folks We have a lot to discuss really but we have class ahead lined up at 3 p.m. Eastern time for all of our phase one students Inside our trading room finishing things up at the course today and for the week We'll be talking all about journaling your trades. So not as much to do with the charts like we've been focused on across the Majority of phase one this month and this week But we're gonna be talking about journaling your trades something that might be a bit tedious to do in the moment But it is the most important part in terms of just getting more confident and getting better as a trader ultimately I had a comment from one of our students I think it was earlier inside the trading room just saying you know They just don't really feel confident moving off just the couple hundred shares that they're trading like the one or two hundred shares I don't know if that's students journaling and if they are are they studying from it You know, that's what we're gonna talk about in class later on today For right now though as I had said before Lynette picked up just about 43 cents on the OR ph And at the time I told her and thankfully it's playing out the way I thought it would hear but you know there was a chance it could pop up it could still pop up later It's to say that you know hey this stock history has repeated itself on more than one occasion You can see the big pop back from Thursday of last week stock went from five to 75 bucks got halted probably like 15 times on the way up that day and then it got halted once on the way down and and that was it that was a wrap Well, look what happened here today good ol OR ph ended up making a pop I mean it was earlier after the market open But ended up making this bigger pop right off at 12 got halted I think once on the way up or twice on the way up Well, this time it got halted on the way down and I thought it was gonna dump off more after from that point This thing picked right back up a second life left on this trade at least up until like 130 Eastern ended up topping off underneath 24 came right back down. So now at this point the OR ph trade Hey, if it was gonna move back up you have the chance to get back in so, you know, that's where I told Lynette Just if anything I'll say good entry good trade at times Specifically I told her I said that was a good exit you can get right back in on the trade later on right So just take the money and run for right now this thing is like a Jumping off a cliff here so to say so I don't know how likely it is. We'll see that squeeze up right now So we'll keep it off our main list for all of us in social media We have a couple of us here today joining us So, you know, I know that you folks or I feel that you folks know at this point We have the Fed meeting that finished up here at the FOMC meeting So the big takeaways they left the rates unchanged for right now and then the other headline I had here I mean practically you could see on the five-minute chart the S&P ETF the spy moving lower The Federal Reserve held rates constant but raised its inflation expectations for 2021 to 2023 Seven Fed officials expect the rate increases in 2022 while 13 expect rate increases the following year So, you know that those are the big takeaways from our big meeting today and you know, I was saying this from yesterday We had a lot of hesitation going into the meeting markets were dropping off But it was very slow and stagnant and then afterwards we saw the instant drop off But you know, we'll see what comes at the final hour hour and a half year of our day You know, I anytime the Fed meeting is over with it's not to assume major You know volatility major action and a huge trend up or down, you know Oftentimes you'll just kind of see this like range being built and we'll trade within that across the rest of the day So what we'll do is go from top to bottom if we see the spy continue to you know Inch back up more drop back down. We'll comment on it. Maybe go to some stocks that are moving with it I'm just gonna skip over number two already here. That's a buyout. I know that off the top of my head So I'm just gonna move on from that APRE you know, this was a stock that I was really Interested in going into the market open. We had it on our morning watch list as well If I was to put it on there and for all the right reasons, right? I mean the stock was a big off of news and you know, huge gap to fill on the daily chart. I Was a little afraid of this happening here But the thing is with the stock like APRE which doesn't really happen too often the stock is shortable So for as much as we are hoping for a move up what happens when this stock begins to continue to test support? What happens when we continue to see more selling? So it took a while for that real big drop off to occur But once it broke back below $7 which was a big iceberg level after the market opened up right here Smooth smooth drop off after so, you know, right now. It's flat I'm not really gonna put this on our main list going into the close Although it is shortable it can continue to drop even a 550 I don't know. I'll check back in with it tomorrow good sideless stock I think I'll certainly check back in with it early tomorrow morning, you know Once I you know launch my platform at 8 o'clock Eastern time in the morning I'll look this up, but I don't think it's gonna make as big of a move here, you know with as much time as we have left All right, I got a scratchy throat here and I apologize for that for all of us on social media a lot of talking today TRCH another big move from pre-market We ended up following this right away out the gate after the market opened up broke over major resistance at six at The time ended up flying up pretty nicely from there But for as much as this stock moved over the last, you know, few days let alone yesterday's stock was like $2 and 70 cents, you know back on Monday of this week So to see this move all the way up towards near 7 675 ish or so, you know You could say that at any price level the more and more it goes up But it's to say what happens when the volume dies off What happens if this is a false breakout over the 670 which it was so you could see the big spike of volume the Big buying here, but obviously after it came back below the level the volume died off after and we always say it So does the stock so, you know TRCH tanked and now right you know right now This stock is making a hell of a squeeze up towards six, you know 86 that 86,000 or 89,000 I just like say kicking in there 89,000 share order on the ask at six bucks right now getting tested Likely to get filled. We'll see if it makes the pop and drop it first, you know It wouldn't shock me if this is a false breakout here coming up So I'll put this on our list. I'm pretty convinced of this making a pretty decent move heading into the close That's not to guarantee up but just given this volatility here this trend moving into this afternoon Let's see if this can make another crack over six coming up pretty shortly again I assume this is gonna be a false breakout Well, let's see if this can kind of hold its own re break over six. Maybe we'll get get one more run My my lovely AVX cell And it's up again today charts really ugly not really too interested in it this ALT is a Vaccine stock I believe back from you know last year a year and a half ago at this point But ended up making a big push back in 2020 popped from like five or eight bucks here all the way up towards 35 You know those types of moves you remember so like going back to ORPH You know that that crazy one back from the end of last week. I was actually you know out at that time I was on vacation. I'll tell you I'm gonna remember that stock the next time I see it on the gainers list same to be said with ALT so when I saw this move up after the market opened up It was on my Benzinga pro. We jumped to it pretty fast. I know that Rich Liz in the chat board commented on it I know a couple of us, you know traded traded it on the way up here I'm actually realizing right now. It's stock is shortable So this actually could have been as good if not better of a short as it was a long believe or not So, you know, that's pretty interesting. But yeah, I mean up and down this thing's been through the like spin cycle today So it's kind of in the same line of thinking as the APRE it's trading a lot of volume compared to what it does day-to-day and Compared to its float. I'm sure pretty low float. I'd imagine the stack to be I don't I'm not really too jumpy to put this on our list You're still all right. Keep it going. Let's see what else we got MAX. I know that's been spotty today See what SPI is up to why do I say that? I tell you folks whenever I'm in a position and I called the stock out live inside cyber group It was about like right around two o'clock Eastern. It was beginning to test seven. It broke over seven there I'm in from seven. So I ended up jumping in right here a bit afterwards when it re-broke over seven and on a thousand shares You're doing all right. I guess it's you know kind of trying to squeeze up here towards 718 I don't know what's going on with my matrix. This looks a bit off So I'll tell you what I might be jumping out actually really soon just to lock up some quick money You know once I got in this trade I wasn't really too certain of where the top would be out, you know 750 would be a beautiful home run 720 though here 720 to 730 you have a lot of volume traded off those price levels from earlier So wouldn't shock me to see that hold as resistance. So I don't know I mean I just saw it on the gainers list here I'm not really too jumpy to put it on our watch list for the close The stock was tanking all morning into the open after the open a tank So I caught it off a good level, but um, you know I just wanted to check back in with this for like Norman and Michael and Bonnie You know our students inside cyber group and I called this out to you folks. I hope you're able to get in Ended up making the potion. We'll see if this gives us a bit more, but let's see if there's better opportunities than this Even at this point You don't want to chase this stock. That's for sure Here we go eyes I saw from RJF on YouTube He was asking about this eyes maybe and I just saw a pop up on my Benzinga pro at the same time so Yeah pushing up looks like some volume kicked in when it broke over seven So I would assume seven to be a big support level at least on the pullback We're familiar with the stock too. So it's hard for me to like not put this on our main list We only have like torch on our main list so far. I just wrote Kodak down actually instead of eyes That's too funny. I wanted to check in with this Kodak stock I typed in here just to see the stock ended up making a nice like slow move from earlier popped up Also on my Benzinga radar, but not doing as good here now All right, well hop over to the loser's list markets down anyway would have found perhaps more on the loser's side See if they're easy to borrow, but yeah, TAL this thing's been a dart on the way down all day today And really like what like all year seeing the stock open and open the year around like, you know 70 80 bucks popped up, but All the way down here. So, you know, of course breaking new lows of the day new 52 week lows I don't think it's you know, all-time lows we could find that out Maybe I'm wrong. Maybe this is all-time lows. I don't think so. I thought I had this set let's say Nope not all-time lows No, we're close Nowhere close to all-time lows unfortunately, but nonetheless though 52 week lows, you know at low the day here It's a nice trend on the way down the issue that I actually have on the stock and you wouldn't see it from this point But the many times I've been following this trade over the last like, you know month month and a half as we've been calling it out the order book the Level four as we nickname it it looked very like glitchy like an algo type trading. So given this downtrend I really like this stock so far has great liquidity tight spread, you know that part of the order book I like so for right now, we'll see what this does if it maintains direction on the way down at 23 I'd assume for that to be the next, you know, big support perhaps. Oh my god, UXI in I Cannot believe this still from yesterday Not necessarily the fact that it dropped into short of all that was easy to anticipate the fact that that the stock opened up at Like 580 or six bucks dropped all the way down You know almost towards four made like a near two point drop Yesterday and then here we are now the part that I really can't believe it the fact that it's you know breaking lower even right now Going into the afternoon. So just given the range the last two days I like this stock and more on the way down as of now still But if it ends up beginning to squeeze back up watch for a potential level You know from the daily chart maybe a 350 ish, you know, maybe this doji top here right off of 368 For anyone that was in the phase one course earlier this morning phase one lesson three I know a couple single candle patterns out there. I didn't go over that with you folks in the class But here we are doji maybe in the top here right off 368 perhaps that could be a support coming up here You know what I don't mind putting this on our main list though Just more flow a level one stock level one to two. All right, let's see what else we got. I know doji's I know hammer eyes Hammers you know all of that, but let's see what else we got roblox on the way down Probably not much volume on the book All right, I'll tell you folks and that's all I got across the gainers and losers list here I'm still checking Benzinga pro with the market down. You got all the inverse ETFs up I'm not really too jumpy to put those on our list It's closing out on SPI as we speak. I just got out right at 7 10 take 10 cents, whatever All right, so folks Let me know if there's anything else that you would want me to look at up down left right more than 5% here Anything that I may have missed coming off fed day here I wouldn't expect further to be a whole lot that I missed but let me know Feel very proud of myself finishing this meeting up roughly within 15 minutes Got four stocks on our watch list so far folks. I mean, hey, it's kind of expected for my for my Part going into this meeting. So we'll need to put stocks on our watch list We don't need to you know force any stocks at least from this point forward on our list Jeff says he's short on the stock run RUN. That is one that we've traded in the past at least Nice move down Doing pretty well I'd imagine nice drop so far, you know a little bit more pricey, but decent move It seems like a good tradable stock You know if you did well on this trade from the morning I'm not talking to Jeff Jeff's already short But you know for everybody else if you watched it from earlier if you thought it was a decent trade if if you find this to be a Decent trade right now. I'm not gonna put it on our main list, but I'll tell you, you know, it's a still tradable stock Again, I could say that probably for you know a lot of stocks. Otherwise, you know, neo dropping back down This could go with the market into the close So NCLH called out. Yeah, luckily, but AAL same thing There's going to be opportunities otherwise that I might not put on the main list So, you know, if you're already making money on a stack and you're gonna continue to trade it go right on a head Or if you ended up making money earlier on a trade or if you consistently make money on a stack And if it looks good in your opinion, then hey give it a shot But otherwise, I'll tell you I mean between torch ice TAL and the UXI end trades I think that we're all set for right now So unless if there's anything that makes a big popper drop that rich will call out I would start with this list here All right, folks for all of us in social media. I'll sign off as always up red at the buzzer Got our good old friend Mitch Connor on YouTube here asking about not right RKT. I'm sorry At the buzzer Mitch You sunk it swish. Yeah, this definitely goes on our list. It's not down that 5% right So, you know, we didn't find this down enough on the loser's end for us to add but dropping off beautifully new low Shortable definitely could call There we go. That's like that's why we like to work together as a team here folks All right, so you know to sign off as always for all of us on social media Make sure to like subscribe notify right on our YouTube channel YouTube comm slash cyber trading you Otherwise feel free to join us every Monday to Friday live inside our cyber trading room Just go right down to the link on the banner below to get started for all of us there I appreciate you sticking with me for right now Sharon Michael Jeff Norman I'm gonna post and tweet the pics right now and then I'm gonna jump in the class right away So I'm gonna get my prep in my my extra, you know final prep work done going into the class and I'll talk to you all then All right, take care