 All right separate traders welcome on back here this Friday January 7th shortly after 2 30 p.m. Eastern Time of course and to close Things out for the week welcome on back here for our after afternoon meeting great to see Chuck always first the punch There we go typing at the bell loud and clear from Mike from norm from Leda as always loud and clear as always a pleasure to See everyone here in this live trading room and as always great to see us on social media one last time joining us on Facebook live or YouTube so now for their do let's hop right into it spies beginning to start that pullback You know you're alluding to from the morning commentary ended up dropping off from the morning ended up beginning to make that 1030 reversal time type of bounce well it ended up making a pretty sharp bounce what it's worth and I was hopeful for at least You know a hold and a potential afternoon run But it goes to say you know or goes to show how this all works, right? You know just if it's not going to break higher if it's not going to make that move up Don't hold your breath for it because at this point right now It kind of seems like the spies beginning to trot back down a bunch of stocks ended up continuing to pull back already heading into this afternoon Right now the HGS H trades on the screen to begin ended up making a pretty crazy pop right around 1 o'clock Eastern shortly after from like 270 up towards the high there 340 When to test pre-market highs early from this morning But you know now at this point seem to be said here if it's not going to continue to push up higher show higher lows a higher high Then it's likely to unfortunately dump back down. So this HGS H stock Not as particular right now especially with this big pullback for about 20 22 cents off the last peak So for right now, I'll come back to this stock if I need to but otherwise We'll just go right from the top otherwise, you know, and you had another cheapy here. Oh any one It's up 27 plus percent. There's my cursor here. There we go Do so much sitting all week. I'm actually doing this meeting standing but nonetheless one Oh any ended up making a nice pop upon the market opening up, but then to came back down flattened out That's just about it. I don't know what happened here on the daily chart This catches my eye like what the heck happened here ended up getting halted back from mid October And then they ended up reopening it just yesterday It goes to show that we're not as interested in this type of stock because I think this is the first time that I'm personally looking at it I don't know if any I don't know if this was even called out in our live trading room from earlier today or yesterday But you know, we normally don't trade a stock below a dollar and normally because they don't make these clean concise moves And this isn't even cleaner concise. This is just a pretty wacky one if anything But yeah, I don't know maybe if it shows better signs of life come Monday morning I don't know this afternoon, but you know come next week. I don't know if there's a better trend on it than maybe but we'll pass I Maran mr. I am ended up announcing some partnership with Amazon from earlier this morning, right? So we were pretty hopeful for a nice run up on this trade We caught it ended up making for a nice run after the market opened up broke under and then back over its opening Bell print right off of 432 ended up pushing up you beautifully from there This was one of the better trades that we caught from the morning watch list All be it it was pretty short-lived, you know, we're not trying to scalper You know just take trades for like a five or ten minute time frame We just go with the flow we go with the stock and in this case this shot up pretty quickly And we know at least with a fast pop we're likely to at least get a pullback or some sort of consolidation Shortly after so on this trade it ended up making a higher high up towards five But from there that's when the volume died off when the volume dies off So does the stock so ended up beginning to make that pullback it ended up making basically like a Head and shoulders here to a degree of fatter right shoulder perhaps right off of 475 But ended up dropping right back down and at this point now just history repeats itself Look at the look at the daily chart after the big gap up that it made back in late September Ended up just like dropping back down But all these other bigger candle days that you see even dating back to like a week or like a couple weeks Go a few weeks to go here just inconsistent. It's not gonna keep moving back up Or you know or it doesn't seem to be that case So, you know don't try and look for it here right now seem to be said ended up popping in the morning dropping in the afternoon All right, so this g-box stack I mean second time we've seen this stock in two days here ended up making more of an afternoon push early on But it was trading pretty late late volume yesterday all together today at this time of the day trading just about 1.8 million shares right now It's pretty close to the high of the day currently and the spreads are a lot better today So for right now, I'll put this was green box. I'll put this green box stack on our watch list here. I Do not know the company. I don't know the news We don't have class later on today. So, you know what I will check the news I got a coaching session at 3 o'clock one of our students But let me just quickly check the news here. I'll bring up Benzinga pro if I can Give me a brief moment here folks You know it actually I'll make it pretty simple. I was gonna drag this up on the screen for it for everybody to see But it's actually a little laggy. I don't want to take too much time But we'll look up the news on g-box for right now green box. Let's just see. I don't know looks like just earnings That's pretty anti-climatic. It looks like they're trading higher after the company announced that its board of directors approved The substantial increase in the funds allocated for the immediate repurchase of the company's common shares initial sum of ten million dollars All right, that's still a little anti-climatic, but nonetheless, I mean hey for right now Well, we'll put this on our watch list It's actually beginning to make a bit of a lower high off the high here at 5 30 So I would say chop chop this thing needs to make a pretty big pop soon here Otherwise, we'll get the bigger pullback perhaps down to five first So we'll keep it going though in the meantime. I did we skip over a ACG? I feel like we skipped over a ACG Yeah, we did all right. So this one this one looks pretty strong for the afternoon I guess it was pushing up as we were going over that last one, but yeah up over 21% currently right now 258 is your biggest order on the transportation matrix at least at 242 But if you know if it keeps pushing up 258 there could be some resistance there That kind of seems to be near the highs that it made back from earlier this week If you check on the daily chart back from Tuesday and Wednesday 259 264 all right. Well, that's I guess there's kind of a reason as to why that orders at 258 It's only 5300 but you know looking at all of the other orders on the offer You know if it continues to push up higher from here then that could be the next resistance But yeah for right now either way, we'll put this on with the g-box stock on the watch list All right, so we'll keep it going from here SGL why we'll pass on Discovery DICE a and then there's a couple of others here Just very choppy at least now ended up making a pretty nice run from the market open Pretty much shot up like a cannonball here ended up popping from like 2750 all the way up towards 31 and change but right now though This is looking just like a typical Friday afternoon right now folks just pretty slow stagnant of a market And it looks like the spice trying to wiggle back on up Maybe it can't break this trend off the highs and if it does that perhaps we'll get our bigger move up higher into the afternoon Isaac familiar name at least we'll look at it pretty quick. It's starting to rev up, but I'm not fully sold on it. Just yet ABS I this has only been just dumping off here from the market open So, you know as soon as we saw this breakdown below support from the opening bell print and nine bucks That was a wrap So, you know, I don't think anyone was in real danger of the stock once we turned away from it But for right now at least I don't know maybe if it can make some sort of bounce off of seven Maybe off the pre-market low gear if it hasn't already broken below here Just I want to see if there's better opportunity in terms of a cleaner move up like a cleaner The stock that's near the highs heading into the after afternoon This only seems if anything if it doesn't hold from here seven, it's only going to continue to fill the gap on the way down Familiar name ATER. We'll look at this one pretty briefly ended up making a nice pop I missed out on this trade from like the mid to late morning after 10 o'clock 10 30 Then it went up just tried to break higher failed to do so, but Nice trade. That's good to see this back in action at least This has been a stock that we had on our side list for a little while ended up making a big push going back into Late September early October here and came back down like pretty much they all do But yeah, I mean just hey for right now We'll keep this in mind maybe from Monday next week if we happen to see strong pre-market activity SRT, I don't know if I need to go through all these stocks on the gainer side here for right now It's kind of like a slow Friday, right? AVCT another another familiar name. That's why I clicked on it at least but it's trying to go It's a few cents off from the highs, you know, it's at 231 now HOD is at 236 It's a it's a little close. I'll come back to it at the end space up over six and a half percent pretty flat for right now Vips some other stocks at least here at the bottom of the gainer side Alcoa a a SEAC familiar name Lucid skipped over that Lucid was a better trade from the market open this morning ended up making a drop off But then a beautiful pop right away after like slingshot, you know It's at the highest level ended up breaking back over 39 ended up breaking right over 40 held that as support before lifting up higher from there Right now though, I mean hey, it's tradable if you do well on this stock on a day to day You know who you are already so, you know, I'm sure that you'd be more inclined to put this on your watch list at that point But otherwise All right, we'll hop over to the loser's side here for right now SYTA not much happened here All these are hard to borrow otherwise unless if they're making a really strong dead cat bounce like we were hopeful For the dogs trade to do the one from yesterday afternoon that ended up actually making a beautiful dead cat bounce this morning You're a right place wrong time on that trade at least from from yesterday, right? DOGZ There we go It was actually down much more this morning from where it had closed yesterday It was down another like, you know 12 13% pre-market But man just I mean took a little while as well But once the years started turning on the other way and ended up getting halted like three four times on the way Up and then from there just you know, it was a wrap, but right place wrong time I guess we were yesterday on this trade DOGZ. That's why you always want to look on the losers list though Just because if there's any stock down big, you know more than that 50 60% like this was Now that's the type of squeeze that you hope for SYTA I mean hey, it just doesn't seem like it's ready to make that big pop just yet It's down enough. That's why I wanted to click on it at least here, but everything else doesn't seem to be that great AEHR it's shortable Kinda near the lows beginning to kind of drop back down a bit Hey folks, I'll tell you what if there are some stocks that are at the high still You know, I'll take a look at an old friend by the name of US Steel X I see that popping up on Benzinga actually right now and man I'll tell you this is actually making a pretty good squeeze Hey squeeze on US Steel for about 35 cents and that's just off the breakout from 30 from 25 It's only up two and a half or two plus percent But I like the trends, you know, this could be something that could make a move with the market And now if you look at my five-minute chart the S&P 500 ETF to spy Well from where we started the meeting. I wasn't looking as clean But you know about 10 15 minutes later a really nice reversal here a nice pop so far We we hope to see this go or continue to go and should that be the case will happen to see stocks like X go with it I don't know of space necessarily there just yet. Maybe a neo and I owe starting to bounce The airline like American Airlines not really doing a whole lot just yet. Maybe not everything CCL all right. Well, I'll tell you I mean X looks pretty sharp here for right now as far as an afternoon trade It's not up a whole lot, but making a pretty strong pop here Just checking the chat board right now in cyber group. So it looks like Michael and Grant you folks run that there pretty early 239 you were From Norman Nicola It's at the highs So four plus percent just a little slow. I feel like X. I don't know what's going on with X That's just why I'm more interested in this. It's just a sharper move Nicola at the high so I do like that But just seems kind of slow for for Nicola We've seen that stock make some crazy moves in the past and like not not always crazy But sharp like X and You want to see something like that happen Our here new IPO, which I'm not always as particular about It just broke higher Pulled back. It's trading a lot of volume. So that's the part that I do like about it trading over 42 million shares on its first day So that actually looks pretty good, but it's just in this tight range. I don't know I'll put it on our list. We don't got a big list here so far So I guess for right now in terms of stocks that are more compelling to watch at least Trading 42 plus million shares the spreads aren't that big just yet Little speed up now they're getting big right as I'm talking Geez that was a pretty funny timing as well I don't know if you saw the matrix there just flashed from like a penny to it. There you go It's like 12 cents But in terms of a more compelling trade to watch put on our watch list Yeah, I guess I guess we could put this on It wasn't trading as much volume if it was even thinner on the order book then I'd stay away for sure, but Just keep an eye on it All right, so folks if you got anything else for me Definitely, let me know and in the meantime, I'll bring up Bitcoin I wish I waited an extra day because right now Bitcoin's continuing to drop And I'm not worried about it long term and I keep saying that but I keep saying that I got time This is completely different compared to my day trading where I'm not like trying to get out by the end of the day End of the weekend of the month I was hopeful by February time to have a beautiful peak But we knew about a month ago that that was not going to be the case So we had to kind of prepare for a bit of a pullback and going back into a couple weeks ago I was forewarning us for this to be a bit of a head fake and for this to pull back off of 51 52 I was looking for support on Bitcoin around 44 44 and a half So much so that during the phase three stock course yesterday when I saw this drop I was like holy smoke or saw the drop towards 44 here at least mid midway through I bought I was like, oh man. I have to buy some right here. I got in at 44 to And I kept dropping right I wish I waited just a little bit longer But nonetheless it ended up actually beginning to fall bit under this last peak that we had the major peak back from early December and for right now, I'd rather even jump into like not even a six-hour chart I'd rather jump into the daily and even the weekly All right, so we're getting close again to the 500 on the daily the last time that we had this happen after all The hysteria from the last all-time high that we had or the one back from April 64 65k Dropping all the way down at 32 everyone worrying about, you know The future direction of it in hindsight very easy to look at this and say well the 500 held perfectly and from there Are we gonna get the same reaction? I don't believe so at this point at this point now I don't believe so I wasn't even I was hopeful tonight even see the 500 EMA at this point You know to see it around 44 5 and for a move back up from there But at this point now if it already kissed the 500 so well the first time it could always happen a second time But I feel like this go around we're probably gonna get more consolidation and I say that now at this stage After seeing it drop below where I thought it would hold support. So that means that at this stage We might happen to see this drop even below 40 maybe see this below around 39 38 and then shake around from there I'm just planning for that, you know, and they even drop off for the stage. Who knows? I always like to say to folks joining us on social media Facebook live YouTube for the first time kind of watching me go over Bitcoin I'm not trying to predict I'm just trying to kind of go with the flow and certainly for warned students from buying high So, you know, I thought I did a good job of that here But now at this stage drop it off more than I thought it would at least drop down to so at this stage Let's react and then go from there I'm not gonna buy any more at this point up until we happen to see some consolidation around the 500 Otherwise if it ends up beginning to make a bigger pot from here then maybe if I see support around that 44 5 Then I'll buy from that point, but I'll kind of just kind of play it out. So you want to one of the two happen Alright, so there we go. We got a little bit coin mixed in there as well If there's anything else folks, let me know here in the chat board check my Benzinga pro scanner here pretty quick There's not much that's made a big move over the last five minutes or so Nothing really at all at least on the way up Maybe see if there's any big moves down Nope either Grant says F is moving See, that's usually a slower moving stack when it's not off of news or a good market direction So if the markets continue to push up, perhaps we'll happen to see F maker better run into the afternoon I'll keep it on the side list for right now. Hey again, if you do well on Ford Most days than not or more trades than not you do pretty well on Ford Bill, you know you are No, of course, it's not just bill but it's other folks as well but you know hey if you do well on Ford day to day then I'm sure that you'd be more keen to follow it perhaps but Draft Kings from Amy the same thing same thing on this same exact thing You could say that on so many stocks that are possible movers even my NiO you could say the same on So I think for right now folks listen to Friday And you know the whole week's been a little wonky at least from the phase 3 stock course We ended up having three really good classes or I would say One slightly good class. We went two for two in that class one bad class One or and then two good classes otherwise. We locked up some profits into two classes pretty nicely But they were on pretty difficult playing grounds the market was pretty flat. It was dropping We weren't able to find good long opportunities and the short opportunity that we took on Palantir Although the market was dropping off. That was just shopping. So it didn't offer as much So what I mean by that is well here into this afternoon to wrap up the week There's only three stocks on our watch list One of them is just an IPO that we're kind of just keeping a smaller eye on than anything God forbid if that does show more direction We'll look to try and jump on it at that point, but really it's just the AACG and the G box stock. That's it If there's further direction in the market then at that point you try and follow some of the sideless stocks like Ford You know a neo and airline or cruise line perhaps those aren't really doing anything right now at this point as well But you know, we'll see if there's anything cooking right around 315 330 folks All right for all of us joining us on social media Facebook live YouTube. I appreciate you joining me each and every day The full day today at least I know the Faust will be back on the horn I believe Monday But if you have any other questions feel more than free to send over a quick email to Josh at c2 training calm And then otherwise for all of us otherwise Ari Grant Amy John bill love that Ford MRIN forming a cup and handle testing 435. It's just I feel more exhausted than anything though Ari It's trading over 69 million shares at this point already popped and already dropped We already we always see the second wind type of move and very rarely does it happen to lead to a whole new run up So don't hold your breath waiting for that And if that happens then I will be glad to call it out in that at that point But I'm just trying to tell you what happens more often than not that is all all right folks I'll be back on the mic right around 330 Eastern time to wrap things up for the end of the day. Take care