 All right, good afternoon separate traders welcome on back this Thursday March 23rd shortly after 2 30 p.m Eastern time I got Milton still here with us at least and Milton got Franny got Chuck and Michael and perhaps a couple more of us just still with us here or just joining us back right now later Lawrence included loud and clear from them I'm good to go then across the board at least inside our live trading room for all of a sudden social media Facebook live LinkedIn Twitter YouTube the Works great to have you back as well Markets are plunging. I love this type of day Why because it gives us the chance to prove one of our favorite points here at cyber trading? Just because the markets are dropping off that does not stop us from going long That does not stop us from trying to follow the smart money on the way up for a couple of trades Obviously, you know a bunch of stocks are gonna be tailing it with the spy with the S&P coin base being one of them We just showed a moment ago and a couple of others But you know hey note fiscal note holdings this stock ended up making a huge pop earlier And you know normally with these like low volume or cheap kind of stocks that we're not as familiar with You got to have it like gain your trust a bit, right? You have good spread good liquidity make a strong break over a big level Well this stock ended up making a big pop but pulled back and then it ended up actually breaking over a huge iceberg order I do want to show book map just for that if I could give me a quick moment here make sure I'm good to go across all ends here Give me a quick second even put it back up on my book map right now It was right off the price 239 obviously that line that you see on my chart there It ended up popping it right at this point ended up launching up pretty nicely then from there It ended up providing as a key support, so it's interesting actually looking at the book map for this page This looks like freaking. Oh, this looks like a nightmare to read, but if you see what I see Right there Wow, I guess for myself and really I didn't know it broke down this way This looks like an ugly book map here, so it's tough to decipher tough to read This was like perfect timing to see this here and that was actually on the matrix That was on level three here actually so not even on level four Did you need to get see that but it was just right from the book viewer right from the trade station matrix here and from from that point? Resistance became support and that's what led to a nice jump back up But hey for right now it's actually beginning to pull back here So let's see it continue to make higher lows this note trade ended up dropping off quite a bit from like midway of last year from Like 12 or 11 bucks all the way down to sub 2 perhaps sub 1 even so like a 90 to 95 percent drop off there at that point All time low I mean from yesterday we could even go as far as 131 Wow, so yeah, this thing ends up having a big short squeeze. Let me just double-check Benzinga pro We have class ahead folks keep that in mind the phase one stock horse fit concluding today finishing up at 305 eastern time We're gonna be talking all about shorting, so probably not gonna be following this stock at least but with that said You know definitely a good class ahead talking about the mechanics behind shorting Just really how a short operates to begin even before the entry discussion of it So what's the news out on this note stock your quick note fiscal note shares trading higher after the company announced? It was selected by open AI for collaboration as an inaugural launch partner for open AI's chat GPT Plugin that's a mouthful for two days post-op on wisdom teeth There we go then talking all day actually just getting back into the groove, but for all of a sudden social media That's the news out on the stock note this drop off here though here right now is pretty ugly, so The run might be done on this trade here. It's got a definitively hold support from that iceberg level at 239 Now what makes 239 that area actually pretty decent as well not just that one little iceberg level It's actually the VWAP price conveniently enough for all the shares traded today This is the average price them this price level here right off 245 is the the CVP price We're know we've had more volume traded off of that price 245 than anywhere else So I'd probably say the combination of them both if it could hold over this then there's still a trade If not, then I would look to even scrap it from this main list for now It makes the cut, but let's go from top to bottom perhaps we can come back to this one just here at the tail end DHHC I assume. I don't know if this a buyout. I'm gonna assume it is I Don't got a hold to a few times going up flattened out Boxed this stock actually be followed in the past. I don't know if they've done a reverse split since but Yeah, I think they have actually just looking at this drop off here because they weren't like 1012 bucks back then So yeah, this stock just got clobbered over time But we've traded this in the past former runner just way too cheap for us right now If it was like right at the highs or running up extremely fast in the moment, maybe I'd consider but Yeah, this Jaguar trade we are also pretty familiar with I think the stock also did a reverse split of sorts But hey, you know kind of comparing apples to oranges here, right? I just said it before in the other one this one here Jag a Jaguar I'll put on our list for sure nice pop running up right now in front of us a bit of an order out there on the Ask off of 130 for about 13 and a half thousand shares. I don't have book map open for this We got to move quick here folks. So definitely a good looker nice level one stock You know even if it flattens out a little bit more here coming up That's all right We got plenty of time left for this trade to continue to hold and then break higher. So a good one start here Big 30,000 share by print coming in off of 117 hint hint for all this inside the phase one class earlier today catch that live Quick draw McGraw right there. I was about to move on to another trade there. I just saw that from the corner of my eye Pretty nice catch So let's see if there's more volume over that price level Now amp x we keep going here quick. So amp x don't get me wrong It's at the highs but the order book is ugly if I were to load up book map But probably be even uglier than the other one So I'm gonna pass on it. Don't need to put it on our list really All right, what else we got here smx nice little pop from before right? That's why I'm more reluctant to put this back on our list here for the afternoon because it's done nothing since It looks like it's trying to get back up there. So it could be kind of like lowering us in lowering us in You know, I'll come back this at the end if anything smx tradeable, of course low risk if anything, but I Just feel like it's not likely. I don't know Gbio this one's still holding near the highs and definitely it checks out as far as your volatility goes and order book Liquidity for the most part bit of a spread But we'll see if there's any major level coming in off of five years soon Doesn't really seem like there was a lot of volume filled there from the morning session So, you know, that's obviously compared to what's below there at 480 485 90 So throughout consolidation, but you know, let's see if it ends up holding once again off a false break out on five on Gbio definitely I'll put this on our list here We have three so far at the note the Jaguar and then this one here Keep it pushing ETM being nice trade once again today, right? This one was from the morning yesterday dumped off I mean, I'm pretty thankful. I moved away from it early on. I didn't really do much on it yesterday I didn't do much on it today even actually But today provided a much more tradable move a much better move easy to say looking at the trend that it made Don't get me wrong, but you know looking at the order book as a whole We were following this heading into the mid-morning before class. We were calling it out So it was pushing back up again and we caught this one early on and thankfully provided that chance for us there So it ended up just holding where it could have reversed or pulled back heading into 11 12 o'clock Eastern time Even now, you know, it hasn't totally tanked just yet. They'll pull back a bit off the last set of highs, but You know, I mean have you did did well in this stock earlier today or yesterday Then you certainly know who you are then you should put it on your personal list And I said that in a good way, right? But if not though, then let's just see what else we got Cosmo this thing has been like a tease for us ever since if I zoom back at down or out on the daily chart What was it from back here? It was had to have been You could obviously just see from 286 opened up 385 hit a low of 286 closed At 2301 that was a real move that we actually caught back at the end of last year So since that time the stock it was been a bit of a tea sense. So You know nice to run from the morning session. I'll kind of write it down for the side list here for now at least All right back to right big shout out actually to Carl. I want to get to the FRC trade in a moment nailed it But the riot trade we were going over on a coaching call earlier today, too And I was looking for this to pull back closer at least towards that White line and blue line there 912 9 just didn't get there So I'm not in it didn't take the entry but ended up topping off just now off the resistance that we were focused on earlier as well Right off 957 963 told her just a moment ago wouldn't shock me if it would make a false breakout But maybe later on it can make the better push well since that time It's only been dropping off more so the more drops off the less interested. I've become in so Had a nice run today, you know my stance on these crypto stocks already at this point You know, they never really make as good of a move We'll get the coin base action just a moment there. It's on the loser side I feel like we all are familiar with what's going on with coin base at least with the Walls report That was a you know announced against them on them So, you know, we'll see what's ahead at least with coin base against the SEC But you know, hey, that doesn't stop right from making a big move up up 15 plus percent Actually in a down market here. It's still kind of holding pretty nicely. So You know again, I'll kind of put it for the side list right now Maybe just check in on it one last time, but they're probably are better trades here that we can kind of focus on Ono and it's actually easy to borrow the stock. I didn't realize that nice little drop Bkkt from earlier another crypto related stock and you know, hey having another good move up over 9% still Open not much there. All right, we'll hop over to the loser side Hey, I had to do my job folks had to go from top to bottom on the gainers list first But you know, obviously a lot more is dropping off here at the market I'd imagine so, you know, let's see if there's any shorts that we could follow here for class, right? I'm sure Milton's following one right now laser just broke the iceberg. He was calling out So let me take a look at that as well. You're coming up All right, so I'm getting a couple water breaks in between but our BOT. It's actually down over 30% It seems tradable in both directions. It is easy easy to borrow on trade station for me I never really like to short a stock that's getting closer and closer to the, you know, ultimate ground floor because just opportunity cost makes no sense Hey figuratively, I'm literally right but with saying that at least perhaps there could be some Sort of dead cat bounce where it can maybe break over VWAP here at 161 and pop I you know for right now ultimately, I'm just gonna find better trades here perhaps on the way down. I mean, hey, I see why X Actually could have been a very good trade in hindsight. That's captain hindsight comment there, but You know, hey, it just goes to show there could be an opportunity Square from earlier today. We saw this after the market opened up or at least when Fausto is doing the meeting Then we focused in on more on it afterwards So this one's dropping off pretty nicely. You'd look at looking at the chart But hey if I already even complain about this one too, you know for a 61 dollar stock I just feel like this could be dropping off a lot faster Not to say better because this really is pretty steady of a drop off slow and steady may win the race But I feel like the spies dropping off faster than square is there could be just better opportunities here on the way down than this Maybe even check in on a more expensive stock that's dropping off a lot faster like AMD. You know, look at that I mean not a bad move in relation now for kind of comparing those two may as well get right the coin base Just check in on coin here Even this not making the greatest move on the way down just yet You know dropped off more from the pre-market heading into the open Squeezed up with the other crypto stocks at first grind it up with the market there, too And you know pulling back. I mean don't get me wrong. It's you know worth a shot if you're Following coin base day to day if this is your bread and butter stock then again Like I'd said before like, you know who you are and put that on your personal list You we see another potential short opportunity, right? Like it's hard to ignore a couple of these right you we see the only issue on this like it's just for Man, I got a little something for everything. It's like I'm Seinfeld, right? But no really like this stock is almost too liquid this thing just hey this thing just it's gonna be tough If it breaks below this 75 or 80 plus thousand shares Yeah, maybe there's a chance for it to drop off a little bit more But there's just a lot here otherwise for it to try and buckle through an order for it to make that better Better more opportunistic short that you'd want to see so Not too little not too much. You know, it's got to be just right Let's see what else we got here though Otherwise probably some other stocks that aren't down that like nine ten percent that are like really still dropping off pretty steady Let's get to FRC because again big shout out to one of my students Carla She killed it on this trade got in right off the 1218 level a few pennies above it But no we came off a coaching call and as soon as we had finished up It actually set up for like a really good move for us to take and her in particular She got in right off 1221 and Sold a penny or two underneath that iceberg order there at 1270 if I were to show that really quickly on bookmap Just for all of us here a little free free edu right now You could just clearly see the iceberg order here to 1269 that is Just for about like 50 plus thousand shares if not mistaken hell of a lot more actually than that 121,000 so pretty good eye to just see that and just get out take the money and run 60 cent profit roughly right So even on like a couple hundred shares That's a pretty solid days pay or at you know getting very close there at that just on one move now at this point Obviously she's looking great because you know this thing just backed right off and it's right back below our entry price below My level here 1218 Don't get me wrong. This could actually be a pretty good short heading into the close to Between this and the Pac W trade Pac W, you know pretty much at the lows here pretty much Yeah, I'll put this on our main list as a short in particular PACW Check out key bank. This one's high tailing it on the way down here. So Absolutely key bank looking great as a short WAL I feel like we're not gonna be able to get the shares to short back compared to the other two But don't get me wrong. It's dropping as well Let's get to Milton while we're at it. Just looking at the chat board and later as well Laser just broke below an iceberg order. That was from earlier But you know at least he was calling it out from before. Yes dropping a little bit there Milton You know good sideless stock I'm sure that you're gonna continue to trade it among maybe one or two others But I just there could be a lot that looks like this, you know what I mean just that that has that potential Don't get me wrong. It's tradable. It's tradable Letus is Deutsche Bank dropping off now this as well is a really nice drop This is a sharper drop that I feel like could become as volatile if not even more Volatile of a trade heading into the afternoon whether it breaks lower or not, you know That's actually a pretty sharp trade at least so far. So I'll put DB on our list here, too It's hard to borrow for me But if you can get the shares to short it then, you know, definitely go for it All right, so folks right now, I think that's pretty much all I see. That's all I got in the chat board right now Let me know if there's anything else. Otherwise on social on YouTube or Facebook live right now Let me know if there's any stocks that you want me to look at Post my email there in the chat board early just across the board Josh at CTU trading comm any questions that you have or trades that you want to go over Feel free to shoot me a quick email for all of a sudden social for all of a sudden side the live trading room Well, you know, I'm a little bit more direct with you folks You just private chat me right there and I'll be able to work with you on the side or otherwise just talk to you in class Right. All right, just gonna take a quick look. Otherwise real quick skim Otherwise just through some sideless plays here like AAL dropping off, you know, and could be possible Nios like kind of inching down not doing much there actually Check out a casino stock like MGM. Hey pretty move, right liquid order book. It's tradable Like there's gonna be a lot that looks like this I want to find something that's down a little bit more percentage wise that is at the lows just like MGM at least Shopify Just trying to think off the top of the head right here and CL each right now I think that pretty much sums it up here for right now folks Got AMD AMD is dropping off pretty well. I could put this on our list Let me go through the ones I wrote down on the side here wrap up You have the UBC not going anywhere SMX it's just my belief I don't think this is likely to make as big or as good of a move compared to the morning if I'm wrong with that then Hey, I have a little egg in the face there, but I feel like it's not gonna push Well, you know what happens here Cosmos done and then riot pulling back to so, you know riot I don't think that we could short I'd pass on that. Let's jump back to coinbase while we're at it one more time Yeah coinbase dropping off pretty nicely here It looks like it finally broke below support from the chart, but it's still got a smash under 65 pretty cleanly So I'm not fully sold on them like a really big drop off on coinbase from this point now You know, I might continue but you know for that two three four point drop off that, you know I don't think that we're gonna get get that here today All right, folks So otherwise I look forward to seeing all of us coming up in class team minutes about like 18 minutes before we begin 305 Eastern time we'll start again We'll talk all about shorting so pretty good time for this class with the market drop-off at least here If we get continuation it'd be pretty nice to see some good opportunities for us to even follow live All right, so I look forward to it and again for all of us in social media If you were interested in joining our live trading room Just go right down to the link on the on the green banner below the stream right there to get yourself set up to Get yourself started, but although otherwise we'll catch back to everyone tomorrow morning. Take care