 Welcome to Nasdaq trade talks. I'm Jill Malandrino global market reporter at Nasdaq joining us at the market site TimeScore studio We have faster Puglisi present of cyber trading University We're gonna take a look at how to use Nasdaq book viewer to trade today's market So it's great to see you as always and it's nice to have a little bit of an extra tool on your side considering the Volatility that we've seen and we know the back half of the year We know we'll probably would see some fireworks between the Fed and midterm elections What's happening geopolitically but with book viewer, you know You have some straight-up data right in front of you. Well, that's the big key Jill when it comes to trading I mean there's so much volatility that's been going on lately and people are thinking now Is this the bottom of so on but you know what with the book viewer? It kind of just kind of spells it out for you exactly where those orders are It teaches everyone how to have a game plan most people always focus on the past where as a professional day trader We just focus on the future and the book viewer is one of the greatest tools out there and doing so many events and I got some great examples I look forward showing you we are going to take a look at because I think this is the most identifiable way to see what order flow is Let's talk about Carvana that has been it's been a popular day trading name Well, Carvana took a major hit that stock was it's $350 stock and came all the way down with all the all the scrutiny and everything that went on down to $25 and the last couple days has been a really really nice move So what's nice about book viewer is that you can not only just do is that use it as a day trade But you can also use as a swing trade type of tool, you know And it's kind of gives you the game plan but Carvana had a really nice move You could see here Carvana basically had a really nice trend on the intraday chart And I post a couple of arrows out there and it could show you that Carvana obviously was up You know a pretty big right here. You could see it's up Almost like $1.60 up with 30% but the game plan if people have to understand is Where do I get out nobody's just like okay? it's all about taking profits and you could see with the trend most people think like all the stock will Continue to go higher but when you look at the book viewer and you look at the right-hand side You know, there's not that many orders Jill people think that there's so many orders out there There's really not 200 300 400 but what we look for is these things that called iceberg orders which we always talk about on your show and You could see that there was a really big iceberg order right around that $27 price range doesn't sound like a lot But it's 8,700 shares But when you look at everybody else one share 300 shares and then all of a sudden when you look at it It hits that resistance and the stock just totally backs off and that's what the goal is you could see it on the left-hand side It's a big percentage gainer, but it's all about that where those Orders those high-frequency trades those dark pools institutions everything. Yeah, and that's exactly where we see that 27 Let's talk about DraftKings because we think about DraftKings. We think about betting, but you don't need to bet I know that's really cheesy if you have book viewer to help you identify where these orders live Yeah So DraftKings also had a really nice little run also so DraftKings was trending up pretty nicely Some people might call that might be a double top or you know, and you could see that I had basically Two charts there a one-day intraday chart and also a five-day chart and you could see that with the five-day chart It constantly had this problem of breaking this resistance level and once again Everybody wants to know what is that resistance level? But when you look at the bag that total view it would make perfect sense. There is literally a 59,000 chair seller once again 300 chairs 500 chairs there are orders all over the place But when you look at that you could see there's a major resistance And if you were not prepared chill at that resistance boom The stock took a big hit and then all of a sudden that profit becomes behind the loss and Our last one ADN is the next ticker that we're taking a look at. Yeah ADM was also a very nice stock This is a great intraday stock this stock literally ran from about like a two dollars to about About almost four dollars a share, which is a pretty substantial winner for for an intraday stock now The thing is that you have to understand about this stock is that it came crashing down at four dollars a share And when you look at book viewer on the right-hand side, you'll see that there were big orders out there You had a 12,000 chair seller a 31,000 chair seller. You're not seeing any buyers on the bid So the whole idea with the book viewer if you use it towards not only your day trading But your swing trading and if you're looking to have that game plan where to get out the book viewer will tell you with those Orders and where they are and to wrap up here How do you pick what stocks you want to look at is are those larger indicators that you know where there's either volume or Significant percentage moves. How do you pick what you want to see in book viewer? Well, that's a great question and on the first slide. I showed you basically we as traders We want to trade stocks that have volatility. We don't we want to see stocks that are the big percentage gainers and losers and The whole idea is you want to see if the stock has good spreads Good volatility and so on so and what happens it will trickle it'll trickle into you know a couple of days You know if the stock has some good momentum like the reason why I brought Carvana for example and believe me So many of them even Amazon all of them But the thing is you look at the big percentage gainers and losers That's what we look as traders because there were 25,000 stocks I can't trade them all but you want things to have good volatility And that's why you find stocks like this to have those big moves and it's all just on those little on those tickers All right, I'll so appreciate the insight as always. Thanks for joining us on trade talks. I'm Jill melon drew no global markets We porter it in that stack