 Good morning cyber traders happy Friday everybody the 12th of July. Good to see you all Tim Grant. Good to see you Good morning, Ben. Good to see you, buddy Brian Bill Chris everyone. Good morning everybody. Let's get ready to get started Hope everybody's getting ready for the weekend. It is gonna be a gorgeous weekend here in New York But what does that tell us about this day traders? Might be a pretty quiet day You know, it's the summertime we I keep repeating it all the time I'm gonna keep reminding everybody of it. You got to take it with a grain of salt and see what's out there But there are some of the stocks. I'm moving this morning. We're gonna check them out Just give you guys a little heads up regarding about tomorrow Tomorrow is Saturday and I will be working on Saturday. Yes. I'm going to be on meta stock I'm gonna be doing a presentation. I've got a lot of great presenters on meta stock There's gonna be about five or six presenters. They do their online trading summit So guys ain't gonna be around or you know, you know, you could always log on yourself phone right on the beach Feel free to come and see us. All right. All right. In the meantime, let's get to let me get Let me get the wrong screen up and sharing Here yeah, all right, so we got a couple of stocks that are moving this morning and Let me tell you something. I dodged a bullet on one of them and thank God I did because I took a little nasty hit right there But we're gonna talk about a couple of stocks that are out there first of all I want to talk about snap snap chat snap chat, you know, we've been watching them for a while You know, you hear about all the social media stocks doing phenomenal. You see YouTube. You see Twitter's whatever I mean Facebook and Google but snapchat never popped, you know a company went public it took a took a beat down and Ben posted up what what he saw with Benzing out there and a Goldman Sachs actually did an upgrade. Let me tell you something about Goldman Sachs, okay He's like the Merrill Lynch guy on TV. So when Goldman Sachs talks people you better listen They are the godfather of Trading, okay, period hands down Nobody nobody can outsmart Goldman. So I don't care who you are not even the government can outsmart Smart Goldman Sachs when you see people, you know in in in politics that are getting into politics What are they the Goldman Sachs guys? Okay, they're not, you know Bank of America guys, you know disrespect to them I'm just telling you I don't know if you know this but 70% of the profit the profit that Goldman Sachs makes is Not from their brokerage firms. It's not from their accounting deals It's not from charging commissions. It's their trading desk. They are the guy They are the smartest and best traders in the industry I'm gonna tell you so a quick little story and we're gonna move on with the pics What we're seeing this morning But let me tell you everyone remember what about what happened a hurricane Sandy Let me tell you a little funny story about hurricane Sandy when hurricane Sandy hit here in New York People were like what the hell's Goldman Sachs doing with their building down and downtown in their in their headquarters You know what they did they had a bunch of tractor trailers coming in there putting sand barriers around their building and everybody's like Would it what would they accomplishing well if you ever been to New York and so what happened? Wall Street was shut down for for some some place for months Well, they were up and running the next morning and they made a killing because they didn't want to close that trading desk What so they spent a they spent a couple of tens of thousands of dollars They probably made a couple hundred million if not billion that day. Alright, so with that said let's keep an eye on snapchaks I think I'm gonna go on a swing trade on this one where they do it from 16 18 That's actually, you know, not not terrible, but you could see some of us probably feeling we missed the boat when it was at 6 but listen, there's a lot of good swing trades out there You know, it's happening the great news at the market broken all-time high, you know I mean we should we should be we should be very proud of that. We should uh, you know, let's give a little cash register and a big applause The Dow Jones and you know what you know what we what we what we learn in class when you break all-time highs guys Where's the next resistance? It really isn't any so You know, what's next stop 32 32,000. I said it was gonna be I said last year If you remember and you watch some of the videos, I kind of predicted I says, you know what with this economy and what's going on. I can see we could be at 32,000 By 2020 and I think was that's it's still gonna happen, you know, but anyway I didn't I didn't think it was gonna get up this fast Now let's go over a couple of stocks who it's moving. First of all, I want to talk about us regarding about yesterday we did add a couple of good stocks that did make some nice moves and Few of them one of them was hook I know that stock just took off at the end of the day from 7 to 11, but it backed off We'll keep an eye on this one this morning. I'll put this on a watch list But I know a lot of you guys did trade the s ol y trade That one was great at the morning. That thing just took off from 17 At 10 o'clock was a little late starter, but from 17 only to 21 that was pretty good Fast was also a nice very interesting stock that one did pretty well yesterday. That had a nice little move that one that one we did pretty well on it was another good one that we had and The vi SL Not much that going on that afternoon, but I just want to bring up that vi SL look what end up happening You see we made a lot of money on vi SL that stock was a great mover, but sure enough that was your typical short squeeze I know micron technologies was another one you guys checked out and that one did pretty well Pretty strong. It's testing some resistance levels. It's almost at that 45 resistance levels So I'll be careful of that Ntnx is another one that also had a nice little pop early in the morning, but that pretty much does it It wasn't the greatest day, but you know, we did pretty pretty did pretty decent overall now What's moving this morning? Well, listen, we got the snap SGV acts. I want to bring this one up. Let me tell you something. I dodged a bullet on this one I lost money on this trade. I put a limit order out there and At a buck 46 I saw a huge buyer out there and then when I was looking at my level 4 I saw like a 20 30,000 shared I posted up in the trading room and I says, you know what he was at He was at like 45. I jumped the penny above and Stock was actually tanking from a buck 80 and I said, well, you know, maybe it'll bounce and sure enough I got filled. I'm like, oh great. I got filled sure enough to think tank and I got out immediately I didn't lose a lot. I lost six cents in the trade Broke the 32nd rule the good thing I got out of it because look the thing dropped away to a buck 10 And you know what if that was the case That's six cent loss would have been a four hundred dollar loss big big difference guys, you know So if everybody thinks we don't lose money in here. Yeah, we lose money The point is just watch how we control them and how few we have and that is one classic way of doing it So, you know, everybody likes to brag about the winners. Nobody likes to talk about the winners I like to talk about the winners because the winners of what teach you Had to control them. So that one worked out pretty well. The other one the MD GS was another one that we found in pre-market this morning I don't know what happened to it, but she just took off and then she tanked. So that one I'm it's still up 48 percent million nine shares traded. We'll keep a close eye on that one That one But it looks like she's breaking lower lows So we see she holds here, but you could see that the stock was a very expensive stock a while ago between all the stocks bits and reverse Stock splits. I don't know. Maybe it could be like another It could be like another one of the was the visl's. All right. What else that moved up pretty well. We got that one you XIN That one is moving up 10% almost 300,000 shares traded We got a 13,000 shares seller holding the block and 15,000 shares seller holding the fort over here preventing from going higher Let's see if these guys get done But that looks like a pretty substantial resistance that does break it look for the stock to go away to this 15,000 shares seller at 280 remember follow the money guys, but that one looks pretty good also I know a lot of you guys were looking at this one ETF So this one ETF obviously you could see was it was a 700 dollar stock not too long ago Actually, the stock was almost at 300 listen ETFs are very dangerous guys You know unless you're a level three traders one thing, but listen these things are extremely volatile and You can make a lot of money. You could lose a lot of money But she's moving pretty good if she looks like she's gonna probably test that resistance levels right around 20 from yesterday But you'd be very very careful with them They got some crazy shakes You can't day trade these things and you got to trade very very small volumes of it INFY is another one. That's moving pretty nicely up about 5% Back already traded half million shares got an 86 Thousand smack a ruse seller right there at 1140 He's kind of holding it from breaking that high right there And you got another 20,000 shares seller out there the stock does trade a lot of volume So you kind of get used to it But that's a pretty big iceberg order out there and you could see it's actually doing a pretty good job of it But if these guys get done listen, this stock can move Ben said he's up about 55 cents in the VV PR We just bring that up right there the VV PR great great stock right there VV PR and Had a really nice push is give him a round of applause always nice to be up 55 cents before the market opens up There's still people waiting what they're gonna be doing, but nice little trade right there I think that one is pretty you know really really nice, but I got three minute chart I don't like like look at three minutes. They're one minute got some nasty shakes though Be careful the spread remember what I mentioned early in the trading room guys You got to be very careful with these stocks Spreads kill you ticket charges and nothing you buy the stock at the offer and you're wrong You sell on the bid you could be losing five to ten cents on a thousand shares be fifty to a hundred dollars They'll always try to buy with your limit orders on bid let the stock come to you All right, all right everyone. So those are our watch list. That's we're gonna be going on was Listen, it's Friday remember what I told you a lot of people gonna be taking off It is absolutely beautiful here not a cloud and sky in New York good to be in the 80s I know a lot of people gonna want a lot of traders are gonna be skipping and going down to their their Million-dollar homes out in the Hamptons. So, you know, but we all know also know Fridays, you know We don't get a lot, but if things move they do move and I especially Friday afternoons You always find one, you know what don't log in at 230 if you don't see we don't see anything at 230 And you could take the day off but you know definitely want to stick around till then in the meantime don't forget about the upcoming events and Just be careful going to this open. All right guys. Good luck today. Happy trading