 April Fool's everybody, hopefully everybody get ready for another file today in the market. We're back first day of the month. Anybody do any good April Fool jokes? I don't think this is a joke. We're down 760 points today. Good morning to you too, Michael. Good morning, Chuck. Dennis. Everyone, Phil. All right. I just got to tell you something really funny that I just did to my kids. Actually, my youngest, Lucas, is 11 years old, going to fifth grade and my neighbors live across the street and the kids are in the same grade and I did a really, really funny April Fool's joke and my wife definitely needed it because she's losing her mind. I figured we graduated our kids early, you know, because homeschooling, now the kids are home from school, you know, but we made a phony letter and we told the kids, oh, we just got a letter from the principal. You guys got school today. They're like, what do you mean we got school? Oh, yeah, you got to go to school. You got to go to school. And they're like, what are you talking about school? Yeah, you got to go to school. Come on, everybody run, run, run. Everyone get ready. We're already late. Putting his shoes on, fix his hand, making all these noises and being upset and everything. It wasn't like it wasn't funny. It was just, it was, we just had to get a good laugh from them. That was pretty, you know, that's what it was, April Fool's. So go out there and do some of your April Fool's jokes. I thought, but I thought that was pretty funny. All right. So anyway, guys, that was a pretty good one. They know Jeff. In the meantime, regarding my April Fool's, this is no joking around. The market is down. You know, I'll tell you the truth. Yesterday we had, we had Tom Sasnoff on from Tasty Works and, you know, you know, obviously having more of an open conversation regarding about the market and our experience and what's going on with the market. And let me tell you, I mean, this is something, you know, by you guys being there and you being part of Cybertrain University, you kind of learn the experience of what we went through in some of the most harshest times. Remember, some of you here were never part of a team and some of you never worked on the floor of the exchange or anything like we have and how everybody reacts to it. I mean, this is a major catastrophe and you know what? To hear what he's saying is what I've been saying too. This is something that a lot of us really are, you know, not used to. We don't know how the markets can react to this. It's not like a financial crisis. It's not like a hurricane. It's not like, I mean, you know, and then after hearing you know what I said on Sunday when the president came out and said they're expecting about 100 to 200 casualties due to this virus and we still don't have a cure. I mean, the more they keep talking about that, I think the more the market does not like it and now they trade, they moved it to the end of the month of the stay-away and it's kind of making things, the market probably a little bit on edge a little bit. And the thing that you got to look at is that the market always is factoring a month to two months down the road. So please keep that in mind. So, you know, with the market coming down, some of you missed that nice little rally, well, guess what? You might be able to jump back in that rally again. So we need to kind of test that bottom again a little bit. I don't know if we're going to go all the way down to the bottom, but hell, I know I'm just a day trader. But it looks like we're going to be testing some support levels somewhere. All right. But in the meantime, regarding about what's going on yesterday and today, remember the VVUS? Great mover, dollar stock went to $450. Look what's happening right now. It just got decimated. Stock just dropped from $280 down to $170. We think that thing's ending up to go to right back to where it started. So there was a lot of stocks that we traded yesterday and I want to kind of like bring them up because listen, you want to be a good swing trader, you want to be a good options trader, you damn well better learn how to day trade because there was one stock that we traded yesterday which was and I want to bring back up is the SGBX. Now this thing was super volatile yesterday. All right. And I was going to bring up what happened yesterday. So this stock right at one o'clock, it ran from $4. It did not want to stop up until three o'clock and let me tell you this thing had some nasty shakes and it ran after hours when we saw it did a little bit of a shake around $9, $9.20 and then boom like the last couple of minutes it shot to 10 and then after hours it went all the way to 12. So this had everything looking that this was a great swing trade, everything else boom look where it opened up this morning dropped all the way back down to five. So a tip of the day guys just when you think like you got a good runner going into the afternoon and you think it's strong do yourself a favor and this is one of the strategies we're going to talk about because today we have class we got phase three less than three and four for all the golden platinum students and we're going to talk a lot about this. You could always buy it back tomorrow. Can't short on SGBX. Yeah. Well listen, you know what that means it's not that the broker doesn't have any shares or maybe someone got there before you did again. Remember that's how that's how the shorting works. They only can allow you to short what they have an inventory. But anyway that's trading guys. You could always buy it back tomorrow and you know what sometimes when you go back and let me tell you you're going to make this mistake. I mean I make it once in a while. I'll might hold a position overnight once in a while but I only hold a position I can afford to lose it all tomorrow but there was times I held a position and I'm like oh the stock is strong just like this not as bad but then I woke up the next morning I'm like oh not only did I have a nice little profit now I got a nice little loss. You know so I lost that profit and I lost and you just learn from experience. You could just buy it back so the goal is this nickels and dimes. Try to make your nickels and dimes because as of right now it looks like we're going to be doing a lot of shorting today. So regarding about what's going on the market I mean there was so much bleeding and so many reds on my watch list I mean it's just like it's like endless I know a lot of you guys already been looking at them but we did pretty well yesterday on a couple of stocks there was that stock at AMRN never came back I'm going to put it on the watch list just to keep an eye on it AMRN that stock got destroyed yesterday just got totally crushed went from 14 all the way down to four never really came back but I would think I would keep an eye on it the SGGX everybody made money on that one yesterday felt it wrong the SGGX like I just talked about the SGGX that one everyone did pretty well but I'm just going to point out one time this is why you don't hold positions overnight now let's go talk about what's moving this morning there are a couple of stocks that are moving but not the greatest in the watch list I'm not completely sold on what's going on with the watch list but there was a couple of them that did show up on my watch screen there was this one right here that did great after hours and then just literally took off from four went away to five fifty after hours up to about seven o'clock at night then it gapped up but I feel like it's testing some support levels right around here because of yesterday's resistance levels is now it's support levels today so I will keep an eye right around these prices you know stocks got some really good orders out there trade already 3.3 million shares you can look over there on the level 3 on the right hand side we're getting some good movement right there QUMU another one that gapped up pretty good yesterday you can see that right there and then she went up pretty high but then she backed off she went to 280 came back to 224 but she's testing yesterday's support levels this is why I'm bringing this up everybody's like well is it you know what about when you look at it now the stock backed off where it started from eight o'clock I know it backed off and it stopped right here and that's what we're looking for we're looking for the next support level and they can see that support levels right around the $2 price range so the stock being up 33% 900,000 shares got a ton of orders out there iceberg orders something we want to keep an eye on SCMI oops spelt the wrong CME CEMI there we go 28% million shares backed off a little bit maybe not super fan of this one I'll be honest with you may I pass on that one sometimes you find them and sometimes you don't VVUS what is it saying over here Ben says VVUS might have found a support level at the 1060 well there is a 10,000 share buyer out there let's see it's coming it's coming to that price we'll see what's going to happen with it it looks like it's been hovering there for a little while so yeah it looks like it could be a support level right there but we got to test it let's see how it works and also there's another one here it's worth watching IFRX I was going to bring that one up up 62% I mean that's the one actually that's the one I brought up earlier so anyway that one had the support levels from yesterday kind of tested it and we're right there so we'll definitely keep an eye on that and we'll get right here it's the biggest percentage gainer on the in the entire stock market there's this other one right here DNNF the stock but once again penny stock under a dollar you got to be careful with the stocks but there's another one that's obviously coming up on the watch list and that's about it I mean listen we know about all the brand name stocks we know about the crew stocks I don't need to go into them in great detail we'll trade them when the market opens up but as in some of the stocks that are actually benefiting from the coronavirus these are the ones we probably want to keep an eye on alright guys anything I'm missing I did not call out now remember today is the first day of the pay period and that is not a joke that is actually I know it's April Fool's but that is not a joke usually a lot of things don't like to happen a lot of people don't like to screw things around around the first day of the month so you know that's why you never find earnings the last day of pay period the first day of pay period but I tell you it's the first day of April so I think we're gonna you know you got to ease into a couple of stocks that are going in there but as of right now nothing really jumps out at me like yesterday I'm not completely sold with certain stocks out there that are moving like last week where we clean killed it but listen remember that was last month that was last month this is a new month that was last week this is a new week every day is a different a different adventure so but we always find some new ones that will be uh that will show up so when the market opens up we'll go out there and share it so remember see something say something and then hopefully all you new members that are here that are trying this out Cybertrain University just kind of just reiterate to everybody remember just look listen and learn I know it's gonna probably seem a little fast for you but it's really not it's just this is something new you just got to know how to play the game and that's what it's all about alright guys good luck today happy trading and don't forget if you're a gold or platinum student I will be seeing you right now in the other room where we're gonna go out there and trade together and remember it's not about making money it's about controlling losses alright good luck everybody happy trading