 All right cyber traders just about that time here this 2 30 p.m. Eastern December 14th Welcome on back here for our afternoon meeting great to see Ray and Tim still with us here as well as Mark Revena perhaps a bunch of us rejoining us now after 2 p.m. The Fed and Fed meeting ended up concluding just a bit earlier We'll talk all about that here coming up great to see Jeff Michael Ron Brian all saying loud and clear all saying hi Great to see all of them great to have all was back on social media Facebook live or YouTube There's a lot to talk about right spy S&P Nasdaq the Dow all of which ended up just plunging after 2 p.m FOMC meeting just concluded as I had said actually as I always like to say on Fed days I have a little competition right now We have a Jerome Powell coming up to speak at 2 30 right now present time So we'll probably get another reaction out of the market momentarily as he gives his remarks I've been instructed actually from Fausto to say that Jerome Powell at least from Fausto's You know it's the head and and same here, you know, I agree with him It's this guy just this guy talks too much trash You know every time he comes on the mic after a Fed meeting We're on a random morning like when you don't expect him He just pops up suddenly and starts talking a lot of smack about the future and in high inflation Slow job market This guy doesn't know what he's talking about not in the sense of like his knowledge But man every time we end up getting a sliver of hope to see a nice push back up You know on a mid to high timeframe He just comes on he just opens his mouth next thing. No market plunges. So, you know with that We'll see what's ahead taking us into the clothes. I wouldn't imagine a retracement back up I wouldn't expect for there to be any dead cat bounce. I mean unless if he totally flipped script Here we go the first of a couple of headlines coming in from his press conference right now Feds Powell says that we've covered a lot of ground full effects of tightening yet to be felt All right, we'll see probably plenty more of that coming up here But nonetheless though the Fed ended up raising the interest rates, you know 50 basis points So that was the big headline that came out that led to the drop-off another one coming in right now as I'm talking Feds Powell says that we expect ongoing hikes as appropriate to get sufficiently restrictive Again a lot more of these little blurbs coming out over time but with that though not everything is gonna drop off with the market and Hell if there is a drop off coming up here, then we're gonna find continuation on some good shorts I was mentioning a moment ago I was looking for Neo one of my sideless stocks to make a move down to 12 We'll talk about that here coming up. What's on the screen at least here the GRTS So this is also another stock that actually made a really strong push after the Fed meeting concluded Ended up just beginning to make a nice squeeze back up to the level. You see there off 363 364 This was more good timing, right? I was just kind of scanning around. I'm actually flying back to New York later on this evening I'm trying to pack all my stuff together and you know, hey, sometimes you tend to miss a popper too, right? Well, I think that we harp too much on that because every now and then Actually a little bit more often than that, but you know a decent amount of time actually you'll kind of walk right into a Perfect setup and here this was squeezing up. I had it up on my level four I saw the level 363 there is like all right right away And so I wrote it in the chat board and it's been doing us really well since you know It'd be a good time to take half the trade out I'd say or at least scale out and no hope to see this make higher lows later on with a run up towards four But yeah GRTS easily I'll put on our list just to begin Hey, if the markets end up tanking not everything is gonna go with it There could be some stocks that go against the grain up. There we go There we go right on cue folks right on cue look at that big drop on the spy right now That just happened over the last one-minute bar. It's a five-minute chart But within the last 30 to 60 seconds, there's your next big break All right, so a couple more headlines coming in briefly as I take a sip of water Feds Powell says higher rates also weighing on business fixed investments Labor market still extremely tight. Although job vacancies are down from earlier in the year The labor market is still out of balance Again another headline Feds Powell says activity and housing has weakened significantly I think that's a more prominent headline. I think but nonetheless though I mean just follow the trend folks follow the smart money I may as well jump to my neo trade now at this point because this just hit 12 right away I wasn't expecting a sharp of a drop right out the gate I thought it'd come at some point but hey, I was calling in a moment to go folks right off of 12 20 I was saying to you I was looking for neo to get closer to that 12 level. It was just to set up the last few trading days It Never tested 12 these days. It just kind of hovered right above it So I'm thinking with lower highs we should get the lower low the test of that level and since it has been doing Is really well This could be a good stock to put on our watch list maybe by the end of this meeting You know, there could be more that's down percentage wise making a sharper move than this But you know, hey for Grant Michael Lewis Ray, I mean Leda Kathleen all this inside live trading room You know, I love neo so, you know, I called it out earlier Obviously made the drop down at 12 at this point So no, maybe I'll put this on our watch list just by the end of it all definitely good sideless stock But we'll see what else is out there now at that in mind though We do have the GRTS trade still holding strong even with this last drop within the market Let's see what else we got. We'll go from top to bottom. So Vlon cheapy Skip over it actually that leads me to the RNA trade RNA ended up having this big pop after the market opened up Had some activity in pre-market, but it was more after the open You could see some fibs I threw up there from bottom to top So let me zoom in on that actually pretty quickly because these have played out exceptionally well Actually, I should say from even earlier After topped off from 21 plus ended up pulling back I was late to where I wanted to get in from I was gunning for the short off a false breakout Well, this made the perfect play. I saw a rich raid in the chat board That it broke above 19 and the second I turned over to it. It was already back below 19 So, you know, I was late to that but once it ended up breaking below here It ended up continuing it led to a really nice steady drop-off And hey left some money on the table with that in mind too as I still continued to drop down to the 61.8 But you know for right now the RNA trade still very tradable It's really a lot of volume per minute nearly 80,000 shares per minute Even if that number wanes off that's a decent chunk. But yeah, I mean for right now These levels are holding pretty well 1750 ish. That should be a pretty strong level ahead right now as support Just given the volatility, I'll put it on our watch list But this is not like a level one stock This is not a stock for new students to try and get their hands hands on It's got a bit of a spread pretty thin volume out there on the book So it's level four trade I'd say enough, but you know, just pay for you folks out there. It's still tradable Alright, so we got a couple cheapies here didn't mean to click on these actually so we'll jump to the IMX stock It's trying to get back from the 191 level. I think we talked about from pre-market this morning But aside from that this runs pretty much done ended up making its move more from pre-market from into the open topped off right over 250 Lower highs broke below the VWAP there made a huge shake below it there prior to 12 o'clock And and that was I mean it was over for this trade before that point But obviously once it smashes below this as support you're led to believe It's just gonna flatten out and drop off, which is exactly what it did All right, we got sissy here si si ended up making another pop here once again this morning even heading into the afternoon broken new high It's made a beautiful round at top So I feel like that's kind of easy to see on the eyes, you know This run might be done for right now So I'll put this on our side list come back to it if we need to Markets trying to bounce a little bit right now It might be a little consolidation now taking this into like three thirty, you know For the next hour or so would not shock me whatsoever to see any like, you know, flatness Consolidation and then by three thirty see a little bit more traction out there Wve and other stock from yesterday ended up having a pop off low volume And then this morning led to another pop and the order book was even thinner So right now it doesn't look too good. I'm gonna pass on here There we go What else we got? WNW it's trading under a million shares Unless if it was like looking really strong or the order book really tight But we'll pass on this too. I feel if we're gonna pass on a lot on the gainer side folks Obviously markets down right now So there's gonna be a lot more on the loser side as a short ahead like the neo trade we referenced before But we got a star from the gainer side I didn't mean to click on this MULN cheapy actually a stock that you are pretty familiar with interesting that out of all stocks This is making a move with the GRTS, but I'm gonna pass on this normally, you know stock below a dollar. We're not gonna focus on Now this is definitely something I'm led to believe would be moving up with the markets pulling back I know that this has dropped off the last few trading days whereas Boyle and UNG natural gas ETFs were running up Well, hey, just given how volatile the whole sector is it's not surprising to see this up 17% now going the other way back up as the others are probably on the looser side, but yeah cold KOLD ETF though. So unless if you have level 4 You know, I wouldn't look to trade it So if you have level 4 book map, then it will be a lot easier for you to focus on where the big money is It's just really difficult to apply regular level 3 to an ETF. We always say that so Speaking of ETFs May as well get to it Should have started on this for the most part, right? UVXY so this obvious is is gonna be squeezing up as the markets were breaking lower So yeah for right now, it's gonna be hard to ignore this one too UVXY Not gonna go on every ETF. That was the only two I'll really look at for right now But that's all we need. So for right now, let's see if there's anything else looking good from the gainer side I saw a Moderna still up big today. You know that had like a 20 25% pop yesterday So once again squeezing on up towards 216 217 that is Yeah, I mean just otherwise too expensive Little too expensive for our liking Bloom bloom energy a little shaky there raise same deal. Oh We got plug also up big still I forgot about that You know that one's trying to go back up for right now So speaking of sideless stocks at least, you know, we were looking at Neo before hey plug Definitely could be a stock we could slip on our main list. There's still up that seven and a half percent. So You know, we'll see what this does. I don't mind throwing this on there Rent our ENT not much happening on that one now Got you same there. All right I think that's gonna wrap up the gainer side folks I think we got the frog out the throat to their apologies Let's hop over to the loser side right now seeing if there's anything just as good if not better There we go. We got the MLG. Oh, I mean, this is more of a gamble stack than anything to get given How much this pumped in dump just yesterday alone from five up to 70 and a round trip back down even lower And now this thing is that like three bucks basically. So, you know, is it gonna pop up at some point throughout this week? Maybe and we'll get called out at that point once it has a lot better traction. I'm sure but right now looking at this thing There's a lot better trades out there right now and the stock if it ends up popping and then it will catch your interest And then at that point we'll think hey, maybe there could be a lot more given the range that the stock has had recently All right Let's see any more like name brand stocks down big Maybe I know a firm was great short that we caught yesterday. That was a really good one Nothing really looking like a name brand familiar name from the loser side. I mean, there's got to be a lot that's down So let's take a look right now a FRM You know held the 12th level you talked about that yesterday dropped off pretty sharply You know, this could easily be a stack for us to keep our eyes on for right now Let me just go through the rest of them American Airlines a little slow Little slow there a little too liquid I feel you know, I feel like maybe like an NCL H would be a better air crew stock to focus on You know, hey the neo trade squeezing back up right now So that did hold 12 really well It looks like we're getting a bit of a bounce back up at least from that last drop on the S&P But you know for right now Neo affirm those wouldn't be too bad ones to at least look at let me just see if there's anything else Otherwise, that's like better direction altogether Check Benzinga Pro here. Ah, familiar name. I don't know how the chart looks tops Yeah, I mean, it's not necessarily at the high so I'm gonna pass on that Elizabeth here in the chat board with doc you saw in DOCU. If you're into the more expensive stocks, then you know It's moving around for you. It's trading decent volume per minute. So, you know, I don't mind it, but maybe a Carvana Carvana from earlier had a big pump, you know in the morning that I personally missed out on Hey, it's breaking back above the VWAP right now. This obviously a lot cheaper But not only that I mean much more liquid a lot safer to trade in that regard, you know, it's funny I got off a call with a student earlier Relatively new student of CTU So they're gonna obviously learn the more that they're with us and see what we do why we're making these call-outs the way we are Carvana is not like a strong company fundamentally folks. I want you to know that I know that we're day trading this stock We're not holding it overnight So I know there's a big difference in psyche between, you know, swing trading a stock and day trading Obviously, we're gonna continue that discussion on Friday afternoon with the swing trading pro course We're gonna talk all about following the big money in that class exactly So I'm gonna start to get into the meat and potatoes there really but um, yeah Carvana is a day trade as an opportunity I mean hey if the markets end up holding here and dropping back down then, you know I'm not gonna expect for that to be a great trade because if you can't short it Then there's no real movement otherwise But if the markets tend to make a bit of a bounce perhaps then should this squeeze back over the VWAP this could be a pretty nice play So in terms of a potential setup more speculation, I'll put this on our main list kind of towards the bottom The neo trade I'll keep on the side nothing too great right now about that just yet I like the affirm a little bit more than neo. It's been a little bit sharp of a drop at first I'll put this on our main list to Carvana and affirm I feel those two Maybe I jump back on neo after we finish up this meeting, but that's just me I think these two are actually a little bit better for right now. So All right, so for all of us in social media Facebook live or YouTube Let me know if there's anything else up down left right more than 5% Otherwise, I'm gonna type my email here early in the chat board for all of you folks I always like to do that at the end of these streams Any questions that you folks have always feel free to shoot over a quick email josh at ctu trading calm is my email Otherwise if you're interested in joining our live trading room Just go right down to the link on the yellow banner below the stream to get yourself set up Got a couple more from the gainer side. Maybe we'll just take a look at Kaba C. A. B. A The order book is too thin though. Not a fan of that. It's at the highs granted, but In game I'd called this out earlier actually so I forgot about this one briefly But yeah, it's a mess right now not much happening on this trade just yet Ron says to pack a warm jacket. Yeah, tell me I am not looking forward looking forward to seeing family Let's put it that way got Hanukkah coming up love it not necessarily Ready to go back to sub 30 degree weather. So Yeah, I'm gonna be packing some sweatpants and a couple of different jackets there Ron. I appreciate it All right, folks, I think that's gonna wrap it up for me here though So with that in mind, I will be back online tomorrow morning though at least for all of us inside the live trading room I'm gonna be working from the office at least at that point. So, you know, you're gonna have me here But otherwise though for all of us in social media though best of luck trading for you folks taking Taking you into the market close rich will be on the mic at least for all of us inside the live trading room At least at 3 p.m. Take care Come a cyber group member today Just click the link below and receive all these amazing products and a world of knowledge We're just nine dollars do it today