 All righty folks welcome on back here this Wednesday March 3rd 3 3 that is this March 3rd Welcome back here for our afternoon meeting. Let's get a quick sound check Make sure everybody can hear me loud and clear should be good to go across the board I want to kind of move quick We have class finishing up today the phase three stock course the final trading session with Fausto himself So get to see him trade this at least perhaps a falling market into the afternoon great to see Lori Jean Kathleen Michael Taz Kennedy great to see you all perfect. All right, so Just in time workhorse finally just broke below 15 bucks We were watching that just going into this meeting as well So needless to be said we've been watching workhorse all across the last you know week across the last god knows how many days This point really you know really since last year from the beginning So, you know with the news coming out the postal office at the end the last week and everything else just with earnings going into Monday We've had our eye on this you know all week So most recently we've been watching this as a short on the way down at 15 We were saying look for a potential false breakdown the first attempt the first attempt You could say right over here the amount of volume that got filled off of 15 at first It was a sign it held over 15 after really nicely and on the next test though The next break below 15 boom get the short so at least from that point obviously heading into the afternoon We'll put this on our watch list looks like it was kind of like holding a nice trend off of like highs pretty well So wouldn't be surprised if you get a retracement here at first then perhaps a breakdown further But you know workhorse easily enough will put on on our watch list Did anybody get the workhorse short just as we start at this meeting? I know that Norman was watching this a few of us in the chat board If you ended up getting filled on the short perhaps using a stop limit order off 15. Let me know a quick 20 25 30 cents perhaps Norman says he took his order out before it ended up breaking damn All right, well hopefully there could be a lot more on the way down and if not it's just volatile enough You know perhaps you hope to see it bounce if it doesn't break lower So either way moving with the market either way break the lower so far, so we'll focus on the way down first Outside of workhorse though. We did have a lot going on heading into this meeting as well We had the minutes meeting that just finished up the Fed minutes meeting You know, it's just a whole bunch of stuff that you would figure them to say You know just with the vaccine distribution kicking up You know a lot of businesses are encouraged that they'll know be doing a lot better within the next six to 12 months Alongside that though. There was also some news regarding New York State now I know that obviously a lot of us don't live in New York State and wouldn't mean a whole lot to us outside of Well, the airlines but Cuomo ended up loosening the restrictions on travel. We're not here to talk about politics and opinions At least on politicians, but nonetheless, we ended up seeing AAL make a nice push heading into the open It popped once the news came out though heading into like 12 o'clock eastern time So this is the exact moment where we ended up seeing an extra kick in the airlines here AAL Jet blew a lot more. So here we ended up seeing break over 19 running up pretty well Delta Airlines squeezed up pretty nicely heading into the afternoon. We did pretty well on that too United I guess same thing a little expensive and focus on this as much But either way now they're kind of pulling back with the markets heading into the afternoon after the news that came out The press conference from Cuomo, you know, rightfully so they moved up But now they're dropping off with the market, especially as you can see the Dow is approaching its low heading into this afternoon here So, you know, the airlines that might just collectively just grouped together on our watch list much like with a workhorse Just giving the volatility altogether. I don't want to do that for every sector and for every like stock otherwise, right? Like, you know, the cruise lines making a similar move on the way down didn't necessarily, you know make as big of a pop once that news came out from Cuomo today, but You know outside of that perhaps the EV stocks, NEO, you know, XPEV all these EV stocks, you know In terms of the volatility right with the falling market You want to see some stocks that can move with the market here NEO has been dropping off already from the morning and from yesterday too So with this dropping into the afternoon right now while we have it on the screen I wouldn't mind slipping this on our list Maybe look at a couple of other names like GM perhaps Pretty expensive but at the low of the day right now dropping off with the market and this one already lower Nikola, how about Nikola? We haven't seen that this week at least yet and KLA This one's shortable. It's down over 5% at the lows right now. I might just slip on NEO and Nikola just for the hell of it We're both from we're familiar with both and especially this Nikola trade as a short, you know, moderately priced Then one more before I just go right from top to bottom here because we're seeing a lot of stocks dropping And there was one that was dropping from earlier. It's not an EV company. It's not an airline or a cruise line Relatively new SPAC from not mistaken correct me if I'm wrong on that But I believe clove is a special purpose acquisition company We ended up seeing them make a huge pop going into the end of last year then dumped off going into this year and you know Breaking all-time lows. We saw this going into yesterday if not mistaken I made the comment just at the time that they were shortable then shortable still on trade station They're still able to get shares at least for now and you know at least for what it's worth from where we called it out It's only been dropping further from 850 Fantastic short once it broke lower from the major support that at the time at least at 850 Seemingly it's on the way down to the next support at 8 so I wouldn't mind slipping clove on our watch list Just given the all-time lows right now It is shortable if it keeps going if it's not going to break any lower perhaps and if we see the markets move up Then perhaps this can make for a DC be a dead cat bounce. So to say I wouldn't necessarily hold your breath expecting that But you know for right now just given the volatility clove. I mean why not put this on our main watch list Norman says AMC 220k order on the bid at 850. So, you know, I love AMC or at least more so than not One day last week it kicked my butt. You know as a short maybe but it's just slow You figure that could be a low-risk level one. It just looks a little choppy I'd rather look at clove at least heading into the after and even a Nikola Maybe I'll come back to this if it shows more action more movement perhaps going down to 850 From RJF here on YouTube gonna jump over to YouTube right now He's asking anyone else is system running really slow right now. Well, I'll tell you first thing RG I should have said this from the top I'd like to apologize for all of us in social media yesterday and tech issue yesterday I was in the office in Long Island. I wasn't able to get the stream up and running from there in time So that was simply the reason why I wasn't streaming yesterday afternoon at this time But you know even this morning there was an issue with my remote log me in program I know that doesn't have to do with a trading platform, but overall there are huge tech issues today I know Fausto's internet at his house crapped out on him during the class that he was teaching So one thing after another RJF. That's pretty much all I have to say there Actually out of everything God bless I'm gonna knock on wood cross my fingers and toes as I say this But my platform has been smooth sailing this whole day not a single issue on my platform so far today I'm gonna jinx the crap out of myself watch All right, so AMC will come back to perhaps RJF He's also calling out actually the KMPH pop before we jump from top to bottom here See RJF. This is your type of trade You got to join us in our trading room because we always talk about this here in this meeting This thing is gonna dump right back down ended up kind of popping in pre-market pulled back This is the exact type of trade us you call out and oftentimes I say it makes a little wiggle up here a little bit But then it dumps back down right away after we've seen this happen time in and time out Matthew says here in our trading room as I start from the top of the gainers list just cracked a cold beer Let's trade Matthew. What beer that's the that's the more important question Gotta give us a name. I Wish I was able to do that right now, but I think I could wait probably an extra hour and a half That's fine by me. I know Fausta is listening. I know I'm kidding I do not drink on the job anyway. All right. He says chorus. There you go. All right It's bread and butter perhaps. Let's go right from the top to bottom I've been doing that already a bunch of crap to begin with already here so far VR TV are not gonna trade it crazy spread lack of volume on the order book, but pretty interesting move. I Don't know if that's another SPAC company, but popped up and down all over the place. So that's pretty volatile This OV ID. Oh Man, all right, so I had a pretty rough morning my afternoon I really kicked things up in the afternoon or at least the late morning this ocgn trade Which would probably jump to in a moment anyway I did a lot better on this trade from the morning heading into the afternoon as a short as it dropped off But this OV ID trade took my breakfast and lunch money here I was expecting a squeeze up on this trade and it just wouldn't give me the opportunity I kept taking these like anywhere between four or five eight cent losses at times here You know, I kept breaking lower So I stayed away from it, but I was looking for a move later on off of four and I just went scratch I just went nowhere and right now it's starting to make that little push And I can like I said before I'm not gonna hold my breath on this trade if anything I said that to myself more than I say that to you folks actually right now But otherwise maybe we'll come back to it if it ends up making some sort of wacky pop-up, but again keep pushing for now Super League super league gaming here SLGG made a nice squeeze up heading into the market open dumped off after Ended up making its second run up right pushed all the way up towards just about 580 590 ish and then dumped off from there, so Got to figure that was expected Michaels Michaels got bought out you just see based on the flat line there But the news was out Apollo global management something they ended up doing it at 22 per share cash CPE nice pop here $32 stock spreads a little open, but probably more of like a level 3 to level 4 trade What's the news on this petroleum stock? Several oil companies trading higher after ahead of Thursday's OPEC meeting. All right, so that should be pretty important Otherwise, I mean already see this one at least moving up pretty nicely So if that's the case then Take a good look at a frenoxy here So this one's not nearly making a sharp of a squeeze up or at least from you know morning to now I mean, it's pretty volatile now dumped off spiking back up a little bit here But that's CPE stock looks way stronger and it's trend right now. Maybe I put both on Check out Apache. It's a oil company. I believe I don't know if that's petroleum All right, so definitely for right now the CPE I'll put on the list Maybe oxy, I know oxy's petroleum company So looks like several a bunch of oil companies trading higher ahead of Thursday's OPEC meeting All right, let's see what else we got SOS ended up coming out with more news out this morning At least let me just jump to that on Benzinga Pro. So actually there's a whole bunch of stuff out here So I'll be pretty brief with this more or less But essentially there is an article that came out I guess regarding a bullish sentiment on SOS and along with that I think it was a pharma news that came out at the same time too. There's pharma news. I thought and then alongside that Oh my goodness. All right So let me try and do this from top to bottom in a short amount of time as I can Friday afternoon There is a report that came out that Hindenburg research issued a short report and set a zero dollar price target This was just back on Friday. Obviously the stocks been making a huge move across the last month So I'm assuming that started off of pharma news not gonna scroll back that far But heading into this week then we ended up seeing that report be a little bit rubbish So to say ended up making nice push-up going into Monday pulled back Tuesday and then here we are now So there's a whole bunch of stuff going on here Scorpio venture capitalists report on SOS suggests a potential stock company that has been maliciously shorted It notes the Hindenburg research that they're short on the stock currently So it's basic basically this VC company saying that they just think it's BS So we ended up seeing that come out pretty much right around 11 30 11 o'clock in the morning and since On the way up and I think this VC company also in comparison to the Hindenburg zero dollar price target This Scorpio VC company issued a $40 price target Who's gonna be right or wrong? So if you're looking at the trends here since obviously this thing's taken off For what goes up it comes down, but we were gonna watch this heading into the close anyway for as much as it dumped off Given the volatility. I don't know if this is gonna keep breaking higher into this afternoon Maybe tomorrow if not tomorrow perhaps Friday Don't hold me to that either way, but it's just to say given the volatility, you know should be Should that report be more right in terms of Scorpio's price target 40? That's pretty damn far away from where it's at even right now at $8.28 So given that that's definitely one I want to keep an eye on so with this spike back over eight Hopefully this is the beginning of a new run back up But you know again if it doesn't happen today, don't be surprised if it happens later on this week And if it tanks then Get the hell out you don't want to hold on to that thing if it ends up dumping back down below eight here This thing's been like through the spin cycle on the daily chart since mid-feb This TRXC was a dud today unfortunately actually it was pretty good trade if you were short I was not short on this trade from earlier today. So didn't pay for me But I guess in terms of tradability. It was a good short, you know if you're looking for the pop You got it after the open, but that was it Cdev I thought oh no we put CPE. I'm getting my stocks twist up here C dev here CD EV though here pushing up pretty nicely New high the day trading about 30 to 35,000 shares per minute in volume good spreads good liquidity needless to be said It's like resource development company. I don't know what they do. Maybe they're tied in with the oil. I don't know All right, well either way good stock. I like this more of like a level one to two trade I'd say in terms of volatility Here's the Akijin trade. It's just pretty exhausted now. I think at this point So I was gonna get to this we ended up doing pretty well on this trade. I didn't do as well in the long I did pretty good on the short. I was too busy wasting my time from 9 30 to 10 o'clock on the OV ID stack But once I saw this made a lower high I ended up jumping in this I think my entry was at 12 29 or 12 30 a show off the break here Ended up dropping down. I wish I could say held on all the way here No, I ended up still picking up just about 40 to 50 cents and then another like 20 to 30 on the way down I missed this break here at least I wish I could say I got that Yeah, for right now though trading 167 million shares. So it's a lot for any stock Including this, you know, this stocks traded over 700 million shares dating back to early FEP here But since that time it dropped off quite a bit. So, you know since then this is still a lot So just overall I'm saying this stock is pretty exhausted. I don't know if we would expect a clean move on this up or down heading into the final hour Qd here familiar name just wanted to check it out pretty flat, but did make a nice pop heading into the late morning Oh, I saw a lift push up pretty nicely Faso is watching this heading into the mid to late morning pushing up pretty nicely during class From basically like 58 ish all the way up towards 63 50 So in terms of volatility, don't get me wrong you could add this to the list, but pretty expensive It's not making us clean of a trend right now. Otherwise Got Alcoa Corp pretty familiar name at least for a couple of us Much going on there. All right, we'll hop over to losers list folks If there's anything that's up, you know, that's a big making a big popper You know move right now off the news. Let me know With the market the way it is right now I don't think we'd find much up or down a whole lot in terms of a name brand outside of perhaps this one here number four I want to talk about this quick the RKT for what went up sure went down Geez, I don't know if there is any extra news on this trade outside of just you know the pump from yesterday But we ended up seeing this thing just drop off early in pre-market. You figured that was gonna happen But perhaps to see this at least make a small little move back up before like a complete dump off And even to say you wouldn't expect this to completely dump off anyway If it does pull back you wouldn't expect it to drop all the way down towards essentially above its opening price Open price was right off 27 34 low of the day today 2811 obviously in your little gap there, but from where it dropped off from that's pretty close You don't normally expect to see a stock like this like more of a name brand company not like a small cap You know pharma company make this complete dump back down the next day So pretty interesting nonetheless though RKT Pretty similar to the OCG and 160 million shares traded across the day I was thinking for like reasons to put this on the list the volatility, but I just think pretty exhausted otherwise S&D not much going on there. I guess near the lows XXI I see that A bunch of stuff hard to borrow otherwise here folks GSX pretty expensive But we've seen the stock in the past makes them like huge moves including today Got killed today from like 98 all the way down to 83. I wouldn't even say it's heavily traded Compared to its average here across the 50 days just pretty much right there. I Just no trend right now. I'm pretty expensive. Otherwise All right, folks if there's anything up down left right more than like 5% make a big popper drop right now off of news Certainly, let me know here in the chat boards. I don't know if this is an old alert or a new alert PLTR low of the day. I think old alert here. Yeah, right right from 230 a broke lower, but Spike him back up, you know tradable stock. We love we love PLTR Palantir I mean either way is the long or short just not really too much to write home about right now on that one The CD EV already on our list just getting an alert from Benzinga pro high of the day on that So that one's still going pretty nicely John DS and what the hell happened to DraftKings? Let's jump to that pretty quick and I will take a look at the News for this if there's any Just taking a look here. So DraftKings trading higher This is back from nine in the morning after the company announced an agreement with dish network to bring DraftKings sports book and daily Fantasy experiences on the dish TV hopper platform. Sounds good Investor day coming up on March 9th. All right Hmm, I don't really know You got a report here right at 230 from Kathy Woods saying the sports betting is losing its taint DraftKings is becoming a platform for sports betting blah blah blah sounds good Yeah, so it might just be dropping off at the market. It broke all-time highs what like two days ago So could be natural profit-taking Otherwise, I wouldn't be too worried about it long-term. That's for sure Sports betting only becoming more and more relevant popular DraftKings is you know the leader if not top two So SOS popping back up right now. So that's already on our watch list given the volatility So we'll see if that can make a clean move off 850 if not now then perhaps in about like, you know 10 to 15 minutes maybe expect a false breakout here first John S says above that a patchy oil APA. He watched it for years. Yeah, you know, that's that was a stock back during the I mean just one year ago 365 days ago practically, I mean, right? Hell March 6th Here we are. I mean we're just about a year out from this big drop So we ended up trading a patchy with oxy and all the other, you know gas companies at the time oil companies. I remember WLL Boar OAS Oasis Those were other companies we traded back then too. All right, let me jump back to YouTube right now I'm sorry and actually above Oscar asked about SOS. What do you think can KMPH get to 20 a share? So I don't know long term I don't know about the company fundamentals or anything that it does so I really can't answer that I don't like you know saying that I don't know the answer to a question, but you know, that's what I can say I mean we're day traders. So in terms of the volatility today, we're not as likely to watch this stock for the final hour today I don't know anything about the company news wise or you know finance wise. So I wouldn't be the best person to ask that I'm sorry Jeff says drugs and gambling becoming legal everywhere. Capone would be so sad That's a good line. I like that Jeff. That's funny All right, I got a scroll from bottom to top here. I apologize a couple more of us Matthew asking about riot Which actually led me to this and I appreciate Matthew at least typing that in the chat board because I commented earlier today Inside the trading room. I said this verbally I said if riots down at the end of the day today when I do the afternoon meeting I'm gonna put it on her watch list anticipating a move up Because riot typically does not make a good afternoon move and when I say that I mean that in terms of the direction that it's Pretty much in from the morning. So the stock was dropping all from the day today And it's already been bouncing from 49. So maybe maybe we're slightly late, but hopefully not too late so right I actually will slip on our watch list right now there Matt could call and then From Kennedy asking about the POW and actually really quick when I talk about riot and an afternoon move up I Feel a lot more safe saying that when riots down actually like a net percentage of like, you know 5 10 15 percent You know, we saw that back from yesterday. So it's you know up 2% today from the close So still up comparative to yesterday, but from where it dropped off from this morning Now we're starting to see it bounce so far and I wouldn't shock me to see a bit more later on Just keep a good eye on Bitcoin Pows this this has got nothing right now Kennedy. I apologize. Nothing really happening here Trading a little volume per minute right there. So not really too keen on that UM UW MC that one I think it's the W and the M that are next to each other Joe that trip me up my trader's dyslexia like the flip flop of the letter UW MC every time I say that I trip myself up try saying that three times fast Squeezing up a little bit, but you know again for what it's worth. It dropped off so much from this morning You could say given the volatility from this morning the range, you know It can make a move but prior to Prior to yesterday This stock was trading an average of 7 million shares a day Which is very tradeable by all measures from us, you know seeing a stock trade like you know 5 7 million shares That's super healthy. That's not little at all but Between yesterday trading 30 plus million or 40 plus mill and then today like 86 million It just leads me to say this for right now is more likely to be exhausted If I'm wrong I'm wrong because otherwise, you know, just given from the morning then Perhaps if it breaks above 10 cleanly you get a 30 cent move up 50 cent move up if it you know snaps below 10 after Maybe it could drop back down a 50 cent move So in that case if that's what you're looking for perhaps and if you did well on it from this morning I wouldn't be surprised if you put it on your main list, right? I'd probably be more interested in this trade for tomorrow though and Friday Alrighty folks, I think that's just about wrapped wrap things up though and with that actually let me just jump to the airlines Well, I'm at it because I did group them together So I'm like let me just check in with them before I finish up just because I don't want them to dud out as well And for this to just be like watching the grass grow So it seems like since the meeting or since I started the meeting it looks like a al at least it made a nice little bounce back Up it's trying to wiggle back up there. I guess for the meantime, I'll keep them on I do like like the Nikola trades a lot more I like Workhorse as a great trade as a short ended up, you know make that squeeze back up and moved up to 15 and pulled back down So the hope now is to see this begin to snap down from perhaps 1470 and move down to 1450 All right folks outside of this list though If there's anything else that pops up on a radar in the next, you know 15 to 30 minutes more So we'll look to call it out Outside of that I know that rich post the link for all of us in the trading room for class Fausto's phase 3, you know live trading session So for all of us in class or all of us in the trading room make sure that you click the link to join class for all of us on social Media Facebook live YouTube make sure that you folks look to like like subscribe notify us on our on our YouTube channel YouTube comm slash cyber training you otherwise go right to the link below on the banner Just to make sure that you join us here for the for the market close. Alright folks. Talk to you soon. Take care