 All right folks good afternoon and welcome on back here this Wednesday June 15th shortly after 2 30 p.m. Eastern time We got a hop right back to it folks here We have the phase two or phase one class continuing along today lesson number two That is great to see some of our students rejoining us like Norman and Michael have Jean who picked up 98 cents Just a moment ago on the AERC trade great to see him great to see Chris It's been a pretty good day today folks great to see Nina as well Don't want to exclude her of course, but great to see everybody and you know nonetheless Hey, it's been a great day if you have your expectations in check in line meaning I mean We knew that things were gonna be slow today for the most part up until 2 o'clock now That being said there's always going to be a chance to try and catch a runner a pop a nice move You know if there's a chance or maybe a good short otherwise, right? So, you know with that said it's been a pretty good day I mean the SIDU trade here pushing back on up right now ended up making a great push once the market did open So at first let's go over this trade, but we do have to you know, like I said continue class later on this afternoon so we'll kind of just My pre-market data set here I have to do that on both these charts give me a quick moment All right So the SIDU trade to kind of sum this up briefly ended up making a huge pop in pre-market then after the open It did pop But it got pretty choppy from there It was like a nasty move over three and for as much as it's like kind of just laying there Choppy in the sideways, you know range you don't want to follow it you expect for anything then more than anything it's just gonna drop and tank and Even worse like it still teased us it made a new high even after that point then it tanked Well throughout the afternoon it was flat. I was expecting a much bigger pullback down towards like 2 17 2 20 I was on a call to one of our students Joe earlier today on a coaching session and you know, we were following it together I said to him, you know, hey if it comes down there I'll have confidence to try and jump in because that's where I'm expecting support. That's a level. I plot it out in pre-market Well another level that I ended up plotting and another level that we were talking about From earlier today because Joe got like 16 cents on this trade I think they're 15 or 16 cents from three it was a nice entry he had but you know It ended up pulling back it died off and afterwards. Well, you don't want to force it You want to be patient with this thing if it ends up making this exact type of move, you know Again, I wanted this to you know kind of pull back a little bit lower towards 2 17 to 20 And there's still a chance it could do that even like live right now But it's to say that for as many times as this false broke above this line here 282 this was the other level I was following with Joe and from earlier when I was trading myself prior to the open And with that, you know, it took a few false breaks, but fortunately enough I ended up catching this at a really good time I ended up going break even at first. I took a really tight stop So, you know, unfortunately this actually gave me a second chance to enter because it actually took me out break even and started To pop I thought it was gonna go without me. I was pretty upset about that Only pulled back and then I just reposition if it could break back above if it could break back above Obviously keyword if and we got it nice nice break out after and from that point Well, I ended up taking half my trade out right at 301 I told Joe that right away. We finished up our coaching call after that point But no for right now. I still have half my position remaining on this trade So, you know, definitely hope to see this push up higher. You know, I'll be honest with you folks I'm not gonna carry this position into class We're gonna do more like live market scenarios coming up next week in the phase 2 curriculum Of course foul still will do that in phase 3. So I'm not gonna try and get fancy and hold on to this We're not following this live. If you're joining me in class. That is You know, I'll get out of this trade before class begins, but yeah, right now It's still looking good. Hopefully before class begins. We get a nice like 50 cent pot from here. How about that? so SIDU definitely for right now. I'll put back on our list now if it ends up tanking from this point forward as we go Through I have my stop set right from my entry point. So, you know, that's why I took half out So I'm not trying to get, you know, greedy. I'm not trying to get crazy with my trading I know I'm teaching class later today. I'm already up from the morning. It's been a decent day better than the last two So I took half profit even here if this tanks right now and stops me out at 280 Careless, it's all right. So as long as I have my stop set, I'm fine here Now I'll be watching this trade So if it does pop as we go through here, then I'll definitely hop back to it and likely close out But, you know, let's see what else we got here across the gainers list here first market coming off the Fed meeting I know they ended up raising the Discount rates 0.75 points to 1.75 percent They ended up changing the Fed funds range To 1.5 to 1.75 percent and the last headline I have here just for what it's worth Fed officials see unemployment at 3.7 percent at the end of 2022 3.9 percent at the end of 2023 says strongly committed to bringing inflation down to 2 percent percent We'll see about that All right, so for right now we ended up having a continued drop off early here So I would expect continuation, right? I don't think anything has changed since where we left off with our analysis of the S&P back From Monday of this week. I don't think anything will change from that for a little while So I'm gonna just resort back to that fifth channel as far as tech analysis goes You know as far as seeing you know potential dead cap bounces over time I'm sure we'll get them, but you know long-term. Yeah, I definitely expect continuous drop off over time on the S&P So for right now, let's see if there's any good shorts SIDU trying to eat back up here. So, you know, we'll follow this on the side The EVO K trade just as we go through not all of them look as good as the SIDU So EVO K was looking good Pre-market until it didn't look good So it ended up making lower highs snapped right back down lower low and you know We're gonna be covering that coming up later on this afternoon in class just for all of us attending live Talking about just simple trend recognition and identifying the trend what to do in a stock is you know Just trending throughout certain points of the day No, we have to talk about exhaustion and how volume incorporates into that So here the volume died off rather quick You know perhaps you had that final pop after 10 o'clock and then the volume really died off But yeah, I mean right now I don't I don't only expect this to kind of just flat here and then probably open up lower tomorrow Alright, so AERC another big move. I wish I could tell you I got in on this trade I then missed out ended up making a huge break over 15 15 25 then from there took off went back on the move And you know if you were following it at the time and really had your eye on it then you could have had an easy trade and I really say that because this is not an easy stock like 99% of the time This is not really an easy trade based off how illiquid the order book is so if you were watching the stock throughout the whole morning and you know You saw that resistance and notice the false breakouts much like I did on SIDU at 282 If you if you got in right off that breakout, it's an easy trade You know if you got in and like you chased it and then it ran after you know It's a gamble and it paid off, but you know, that's where strategy is different than you know gambling You're just you're there for the trade. You're watching it. I was not so ran without me I wanted to pull back down to 1750 and Obviously did not get that either so yeah I mean right now I'll put this on our list because believe it or not for as much as this ran not just today And not just from the last week or so if you folks recall back like a week or two ago at this point the stock was like 253 dollars at one point right well I'd expect to see at some point for this to begin to tank and pull back down and it's had its down days But if you look back on the daily chart This this was a hundred ten dollars, right? So for as much as this had dropped off back from mid of last year You know, perhaps you could see more recovery room I ended up actually doing a fifth retracement from top to bottom just for fun and Just so you know, I think the next line I think it's like the 20% retracement from bottom to top. It would be at like 2750 roughly So, you know, that's where I'm saying there's maybe a small chance for this to actually like push up there later on But the way this is trending right now to be transparent doesn't seem that great If anything you're only saving grace is that it's holding around 20 is support So, you know, that's the only thing there Ice so push back up on the S&P actually as we're watching this live my spy chart on the five minute here You know a nice little slingshot as we're going live actually so That's a nice breath of fresh air for right now. We'll see how long that could last and you know, I don't need to be pessimistic But you know just based off what we've covered here I still expect more of a drop-off long-term So, you know, hey if we get a couple of dead cat bounces along the way, I'll be happy, but we'll see Let's keep going through the folks. I mean, hey, we have the AERC It's like kind of reluctantly on our list right now. The SIDU is on our list. That still looks good for the meantime Let's see what else we got CMRA CMRA had a really nice pop earlier today and it's making a nice push-up as we speak So it's hard to ignore this one at this point Especially given how strong it looks across the last hour across the last 40 minutes or so So yeah, I'll put this on our list, but again be careful, you know Just when the volume dies off on this type of trade much like, you know, it will happen on the AERC It has happened day-to-day on the AERC, but you know, you should expect to see the this to really tank at some point So it ended up doing so already It just if it fails to break higher if it fails to make a clean break over four and flip that into support Then it's gonna repeat itself. That's what I mean there. So CMRA looks good Keep it going. Red box warrants here. We did trade red box earlier today We not as in me, but we isn't one of our students Chuck He killed it on that trade earlier today It called it out after the market opened and from there I mean not just him a few of us took it, but that was just one of a few that took off pretty nicely We'll get to that. I'm sure at some point See what else we got here. Just kind of skimming through the gainer side right now You got the D-wack warrants here. I'll check out D-wack in a bit. I know they got crushed I think yesterday perhaps making a dead cat bounce themselves I know Neo right now is breaking over 20 live as we speak. So, you know, that's definitely something we'll jump to in just a moment The rev stock I just wanted to look at just because it was a familiar name just last day or two So it's not really doing a whole lot right now Here's red box equity Nice pop right now breaking back over 11 making the test already of 1150. So I don't have my levels on this trade I'm not as prepared on this as I am on like Neo or like, you know, SID you but you know red box looks great for right now Right, how can we not so put this right back on our list red box? Beyond me. I'll take a look at I don't know how liquid it is or not, but You know, it's up big right now. It's at the highs making a new push here So, you know chart looks good just I don't know for as much as this dropped off I'm surprised how little volume this thing has been trading I mean it feels like back when it was like a hundred sixty hundred forty bucks. It was trading way more volume per day and Now it's like around like three million or so, which I guess is tradable But the book is really thin because of that So it makes it like a harder stock to try and follow based off of level three and level four You do have a pretty big iceberg at least off of 26 right now I just saw that from the corner of my eye on the trade station matrix Sure'll pop back up here in just a bit, but he was about 26,000 shares on the ask at 26 conveniently enough We'll catch him, but uh, you know Chart looks all right up. There is 29,000. There we go, but uh, you know, I'll put it on our list for the meantime here I don't want to build too big of a list here, especially if the market's trending up There's gonna be a lot to focus on in that case So, you know again, that's where I don't want to trap myself and like put out like a 20 stock watch list here So, uh, Roku little expensive, but we'll at least check it out making the same type of slingshot right now as is I'm sure a lot of things so ACAD from earlier today at least just wanted to look at it pre-market. It was like crazy Completely dumped off. It took my eyes off this for a little while Here's d-wack the equity this thing is not looking too great All right, so there's definitely gonna be a lot looking good folks You know what before I even jump to the losers list here, which there could be a few on there Let me jump to some sideless stocks right now Let me just see what's in the chat board right now And if there's anything on youtube right now that looks good just you know type it for me there From yohuda sofai. I mean that's a pretty sharp pot for a five dollar stock, right? No, it's like up 1% but like that's why exactly ask you folks like if there's anything that looks good This is making a pretty sharp move right now compared to like a lot of others that we've you know called out so far Steve saying snap Yeah snaps at the high of the day and it is up 12% right The reason I like this more than some of the others. I mean it's not moving a sharp But looking at the daily chart for as much as snap dropped off and michael I want to give credit to get called it out before we started this meeting michael d He said snap sets new yearly low today, but it's up over 9% now That was at 225 now. It's up 12 now. It's up 12% So I you know given how much this stock dropped off this could be in line for a bit of a short squeeze. So Right now it looks good The sofai i'm going to kind of hold off just for a quick second, but that does look pretty nice labu biotech etf So unless if you really trade etfs mic and this goes for anyone else Unless if you actually really trade etfs consistently and know how to trade them outside of reading level three Because you tell me if this looks easy to read on level three right now on my trade station matrix on the far right side Yeah, I don't know you might be lying. So that's where I say it's a sharp move. I like it. I like the movement Um, you know, hey if you trade etfs, then you know who you are, right? For those of us that trade you vxy consistently your sqqq you know who you are, right? Speaking of which johannes Run is making a nice run. I like that It's up seven percent sun run So you know making a decent move. There's there's a lot that's going to look like this I feel like I can lean towards the sofai more because that one we're like collectively more familiar with here as a team Let's check out neo neo. Obviously I'd be at least interested in looking at neo You know making a push back up towards the highs from last week even But yeah, I mean all of these look pretty strong, right? AMC there's jeff riyadh There's AMC at the high of the day, right? So I can't put everything on here folks. So, you know what less is more Just check out that sofai trade lastly here I mean, yeah sofai look sharp But if the volume dies off then everything is going to die off So, you know just that's the biggest thing to be mindful of if we happen to see lack of momentum going forward and granted We have like an hour and 15 minutes left So there's time to you know see momentum die off then to see more momentum push into the market Right, and we know what time of the day that usually comes given what we go through in class So with that said I think rich will post the link one more time here coming up But the phase one stock course lining up later on this afternoon at 305 eastern time with the lesson number two There we go rich appreciate you Just make sure that you click the link right there You'll get uh all smoothed away with the tech and audio side of things just so you're good to go And then I'll be joining the class coming up as soon as we really finish up this meeting All right, folks nice squeeze up here on the s and p and on the spy right now. How long that will last I hope I hope it lasts as long as it will but uh, you know It's to say don't be surprised if you happen to have a bit of a pull back If not by the end of the day by the end of the day today, then maybe overnight Maybe futures will tank who knows but uh, we'll see what tomorrow brings At least all right folks for those of us not joining me in class later on today And our trading heading into the close best of luck and uh best trading all right folks But aside from that for all of a sudden social media facebook live youtube Just if you have any questions feel more than free to send over a quick email To josh at c2 trading dot com. I always like to post my email here at the end of these streams for anyone new New joining us here Otherwise though if you've hurt me enough and wanted to join us inside our live trading room Feel more than free to do so go right down to the link on the yellow banner below right there on the stream to get yourself started And then uh aside from that I look forward to seeing most of us coming up in class. Take care Come a cyber group member today Just click the link below and receive all these amazing products and a world of knowledge For just nine dollars Do it today