 All right folks good afternoon and welcome on back here this Friday August 12th and to close out our week here Welcome on back for our afternoon meeting Brian here inside our live trading room saying one more push or needs one more push on That DK and G trade draft King is great to see Brian great to see Leda Grant Norman from up top great to see Henry as well Loud and clear from all perfect and for all this back on social media Facebook live and YouTube great to see you folks as Well folks, this is not your typical Friday You know hey, it's it's good to be wrong sometimes, right? Because you don't want to overshoot your expectations again, especially for a summer day Especially for a Friday so with that it's better to have lower expectations We could always get back in on get back in on the trade should the trade provide us that Opportunity and at least for all of us inside the trading room for those of us that take our classes phases One two and three of our stock trading course you folks certainly know what that opportunity is, right? When a stock breaks through a big level on the way up now with that We're gonna start off the ALT stock here on the screen This is one that we're pretty familiar with over the last two years with COVID So this was one of those vaccine related stocks that ended up pumping back in March and April of 20 Right there you could say Pretty interesting because CODX was on our morning watch list here today another you know COVID vaccine stack from back then It's down over 30% obviously different companies different news perhaps that led to this ALT squeeze But you know, this is my first time seeing this even up until right now So pretty pretty interesting and another runner this one actually we completely missed out on from the morning That's okay because like I had said today was not your typical Friday It was like marathon of different runners that were moving across the morning into the afternoon hell right now As we're talking so ALT. It's going sideways It's you know, still pretty close to the highs compared to where it had opened up You know, I'll come back to this at the end You know if we build up a shorter list or if this shows some more signs of life pushing up I would love to put this on our watch list, you know at that point But man if it wasn't the EMBK here It was the VEEE and if it wasn't VEEE Well, UBX ran in pre-market that I mean it was a dud after the market open But this UBX number four on my gainers. This was the first runner that we caught today So it was a whole marathon of different trades that we were able to call out So really let's just start from the top We'll recap any of these moves that we had called out obviously like this embark trade ended up making a really steady push Shortly after the market opened up, you know, we weren't necessarily expecting that that squeeze at the time We called this one out much later on but damn even off of a dollar This thing ended up providing us a ton of opportunity off the initial breakout off the first test of support Hey, that was a nice trade now. Is this gonna make another run into the close? I'm not as confident about that just yet. I'll come back to this if I need to at the tail end Well, obviously popping right now spy just finally cracked over that 425 Brian So, you know, we'll see we'll see what comes of that move shortly after You know, I was thinking a hot take would be to see this really pull back into the close Maybe we get the break above 425 first and then the big slam So we'll see what comes of it But you know now we'll look at the VEEE trade number two on the gainers list still up over 66% This one looking a lot more flat even compared to that ALT from before looks like this one If anything making like a series of lower highs You know hasn't broken down yet, but for right now I'll pass. Let's see if there's anything looking better So the UBX trade like I said This was the first runner that we caught early today in pre-market this morning You know popped up beautifully off of a dollar ended up moving up higher off of the 160 level if you folks recall That was the big level in pre-market initially from that point and then it kept going ended up topping off at the time Right over to at least in pre-market and then from there obviously was a big dud after so, you know Once this really dropped off you're you're expecting for this to either consolidate or for it to just continue to fall So, you know, we took our eyes off this one early on and thankfully so All right, we keep it going and go co actually I haven't seen this stocking a long time We ended up trading this like years back probably before COVID Go health is pushing up pretty nicely right now as we're talking, right? It's a cheapy But I'll come back to it not really fully committed to this one either just yet But we'll kind of cherry-pick all the ones I put on the quote-unquote side list here For those keeping a score at home. We have three on the side list is zero on the main list And that happens that happens at times, especially in the summer, especially on a Friday So with that we keep it pushing AEY nice move up from this one actually early on this morning So, you know, it wasn't the big run that we would want but nice little pop pushed up pretty steadily at first And the volume died off. You know what happened after oh This oh pad stock this one's looking pretty interesting. What is this offer pad solutions? I don't know the company, but either way gradual push up right near the highs Great liquidity on the order book 222 there's about a 19,000 20,000 share order on the bid so that's support for the meantime. All right, we got one oh Pad we'll put this on our main watch list here to start Looks looks good for right now Honestly, I didn't need to click on this one here. All right, let's keep it going here LQDA Hey, no, they're runner from early on this morning You know, we weren't on top of this one out out of the gate at the opening bell But ended up making the higher high roughly off of seven and obviously exploded from there So we had called it out from that point again just another runner throughout the course of the day today Pays to be inside the live trading room. It pays to be a student more importantly now with that BGRI is at the highs now. Don't get me wrong. It's exactly where you would want to see a stock here at this point You know, it looks like it ended up making a big push from last week on The second went from 193 to 270. It's had a really tough time breaking that 270 peak from that point. I mean the following day is it topped off at 278 278 Right now. It's trying to make that squeeze above 270. Is it really gonna run up higher? You know, I'll come back to it here at the end. It's not fully committed just yet again for a Friday summer Friday It's like not really treating a whole lot of volume per minute So not tradable, but let's see if there's anything more noteworthy here Detail man, you might find a lot of stocks that look like this that are at the highs but are just like grinders of trades and If you're looking for that type of trade then you probably shouldn't be in the trading room I hate to say it but you know, we're not trying to treat the fastest mover in the world But we don't want to watch the grass grow, right? Now, of course, that leads me to Viru Viru from yesterday ended up making a big pop broke higher today Is this at all-time highs? No, not at all times Getting closer to all-time highs. It seems well all-time I was back from You know early 21 topped off at 2457 so still has some room to go But obviously breaking highs across the last several months, you know It's pushing up very nicely here on the intraday had big resistance off of 19 earlier And now you could even see about a 14 15,000 share order on the ask sitting there So definitely the Viru trade, you know for right now. We'll put this on our watch list. Definitely looks great Up I skipped it. I don't know my maybe my scanners just kind of a refresh there for a moment I was gonna click on the Bobby J trade BBB BBB why ended up making a really nice squeeze across the early to mid-afternoon I'll tell you what I was a little upset about AMC with that in mind I really thought AMC was gonna make that continued move alongside bed bath And you know just goes to show that they don't trade 100% the same, right? You know, I'm looking for just a nice correlation, but when this failed to run off of 26 We knew from yesterday on AMC at least that 26 was a key top key resistance There is you know a couple of larger iceberg orders that got filled there. So resistance should become support It should It should If it's not gonna be support if it's not gonna run off of 26 going up watch Out and I ended up taking a 5 cent loss on this trade with one of my students in a coaching call right off that 26 I Would take that a hundred out of a hundred times given the potential of AMC and that level but If it's not gonna break higher Telling you there's only one other way it's gonna go if it's not gonna make a big move up It's gonna make a big move. I guarantee it I'm happy to take that 5 cent loss especially looking at where AMC ended up landing here at this point If it was short of all god bless that would be a great short trade for the afternoon Now getting back to the Bobby J trade bed bath beyond geez I mean, obviously this one ended up going completely upward You know, you could say with the market, but obviously AMC didn't make that same move Do we happen to see continuation across the afternoon on this bed bath beyond trade? Well, tell you what it's up enough right now. It is making lower highs I wish it pops much sooner than later here from this point, but I'll give it a look I'll put this back on our watch list for right now be be be why We'll see if this can make the higher high roughly off of 1275 coming up momentarily you can see that there is a lot of volume traded roughly off 1265 68 69 so it really needs to kind of flip that area if anything into support and then for it to break higher Off of 1275 there. All right. What else we got? What else we got here? We got Kirkland Kirkland's not like Kirkland products but Kirkland's ended up making a nice squeeze across the late morning early afternoon and another stock that took a huge run up over 2020 and then got clobbered afterwards. So this does have some dead cat bounce potential some short squeeze potential perhaps You know what I don't mind it for right now It's pretty close to the highs. It's very tradable Kirkland's All right, anything else looking good. That's from the gainer side here folks. Let's see. Well, of course Peloton and if you've been in the trading room over the last hour and a half two hours You know really since Brian had called it out at first Brian W one of our longtime members inside our live trading room Hey, he posted the news out on this stock and I'll tell you what hand up here folks. I'm the first to say it We don't trade the news We trade the big money, right now I appreciate Brian posting that news more than anything because the news that came out on Peloton earlier today Was that they were laying off? 700 employees Damn that sucks, right that's a huge layoff What happens to a company when they do layoffs folks what what what, you know, typically What's the reasoning for layoffs oftentimes? Brian knows this answer Brian's probably in this trade with me still Why what are companies do layoffs? Janice says no sales well perhaps but Ultimately, it's to save money. It's to cut back on costs, right? Oftentimes and we'll talk more about this in our news based phase one stock trading class coming up in a couple of months But it's to say that when a company often does big layoffs There's an interesting reaction as far as the day trade oftentimes it does lead to a pretty good squeeze So, you know that comes with experience and intuition of seeing this happen oftentimes Hey for all the times that this has happened in the past I wasn't as reacting as I was on Peloton earlier after Brian called it out But after Brian called it out Ended up pushing up and from that point once I got in like they're legitimately has not been a single reason for me to get out Now I took half my profit already. I did I did take half my profit. I took half my profit at 1369 I believe it was I got stopped out on the first half. I still have 500 shares left right now Peloton looking Incredible I'm in from 1285 right now as mandatory price. So we'll put this on our watch list for sure You know, hopefully this makes the much bigger continued squeeze up and if you look back on Peloton We've seen this over the last six months at this point, right? Holy smokes We'll look what happened back from like even 2021 from 2020 late. This stock took a huge hit, right? Big trees fall hard, but oftentimes Those trees end up making a small little squeeze back up momentarily now You know, I don't know how long that will continue as far as this squeeze on Peloton Certainly as a day trade. I love it So we'll definitely put this on our watch list here for this afternoon as a day trade mainly You know, I would not look to hold into the weekend out of any days But you know, we'll see what comes of this trade heading into the next week, you know, otherwise That is the only trade I'm in right now All right, so let's see what else we got here across the afternoon before the meeting started I did take a loss on Neo a three cent loss on Neo because I was anticipating the markets I'm pulling back. Obviously they did not so once it ended up squeezing a little bit higher off 21 I took a small loss, but that's where I say and the only trade I'm in right now is Peloton. That's it All right, let's hop on over to a losers list here We got a bunch of crap here and I honestly mean that there's a bunch of stuff that's hard to borrow So, you know oftentimes those are really difficult to get shares to short Law down over 52 percent. So for anything down this much Perhaps there's some potential for a dead cap bounce looking at how much this stock dropped from I guess 30 heading into the market close yesterday Down to like sub 13. This thing's actually making a pretty good squeeze here right now, right? Be hard for us to not put this law trade on our watch list Anticipating, you know a continued move up here heading into the close would love to see it at least This TGL is more of a gamble stock This thing had a huge spread yesterday. That's the difference between this and law law has a much more balanced order book Little thin little thin, but it is a lot easier to read compared to that TGL All right, what else we got here? OLO I skipped over PLXP that is short of all but pretty close to the ground floor there OLO we actually had this one on our morning watch list earlier today Hey with everything moving as much as it did just to be transparent. I didn't even look at this after the open You know granted it led to a little squeeze up then a beautiful drop-off after could have been a great trade Now hopefully it could remain a great trade for us here heading into the afternoon. It's shortable. It's at the lows You know that that's the type of stock you want to see here from the loser side much like the law trade Well law is actually dead cat bouncing, but OLO OLO for as much down as this is and shortable You definitely want to see continuation on this trade All right, we keep it going. We keep it pushing CODX ended up making a bit of a shaky move after the open I did catch this at first didn't trade it, but I was just walking it watching it It was a weird move So I'd stepped away pretty quickly ended up bouncing from like 440 up to 475 but after that did nothing So we're gonna pass on this trade here Probably not gonna catch as much from the gainer from the loser side with the market up as much as it is today, right? Ah Look at this another dead cat bounce today. Wow. This one ended up making a great push If you go back to the morning meeting folks, you go back to the morning meeting you're talking about a very specific price level No me a second here. We were talking about a very specific price level go back to the morning meeting It's on our YouTube channel recorded right at 1255 pretend this line's at 1255. It's not letting me set it there So right there at 1255 we saw this a strip of huge prints coming in Clearly either someone covering short or looking to load up for the big move afterwards either way once it broke back over 1255 here there we go ended up propelling to a really nice dead cat bounce from there all the way I mean broke broke over 13 But then obviously heading into the late morning early afternoon it broke higher broke above resistance from 1310 at that time great trade at This point now It is pulling back a bit. It is tradable But I don't know and the book map was looking very odd on this stock And that was also something I was assuming was going to happen leading into the open and that's exactly what happens So it actually was a great trade. You were able to identify a couple of big levels off it But it's still a funk. You're looking heat map for this stock Don't have a need to put this on our list, you know No gun to my head right now having me put this on on our watch list All right GM DA down over 10% shortable not a whole lot really to it there All right, folks, let me see what you folks have for me anything up down left right more than 5% type it in the chat board, please Actually, let me go from bottom to top here I think Norman wrote something just from right before on V CSA. We'll take a look at that just in a bit Bill say or grant saying Mara at first M. A. R. A Let me get to crypto at the very end of this meeting. I'll do a slight little review not Specific to Bitcoin but a chart. I want to show you something pretty interesting That correlates Bitcoin to the S&P so with that Mara is a crypto Bitcoin mining affiliated stock this thing has been on a tremendous run Since Bitcoin started to make a you know a bit of a squeeze up not even a Mara's outperform Outperforming Bitcoin by far, but it's to say that this could still be a good day trade here heading into the close I don't mind slipping this on our list for right now the Mara trade I might say that about a couple of stocks like Michael's draft King Right it's up over 11%. I don't know if I jumped over this or maybe it wasn't up enough here at the time Yeah, but draft Kings is looking very healthy obviously as a swing trade because Fausto was focused more on that as a swing trade But of course is a day trade. It's right near the highs So looking at this. This is the part that just interests me more than anything Right at 235 Eastern time It's not letting me go back. All right, give me a quick sec folks. I'll make this worth our time here I got to jump on to a coaching call to one of our students here coming up Momentarily, but I would love to show you the draft Kings print that just came in I can't show it to you on the time in sales. Maybe what I could do here is just There we go. I think it's pretty clear to see where that big volume got filled right here at 235 Eastern time on draft Kings It's pretty obvious right here 2066 So why was there such a big print filled right there off the highs? Is that going to be the top? Or are we gonna see draft Kings make a really strong break over? 2066 if the ladder happens, I think it'll be more towards 315 330 in the afternoon All right, but you know draft Kings. I definitely find pretty interesting here heading into the close What else we got? Right, I mean riots actually been stronger compared to Mara at least over the last three days I think the last three days. It's been pretty good You know if I put Mara on the list just know that riots gonna go with it, right? So that's a great stock to follow in tandem CHPT from Bill and then also J. M. I a more on the swing side. He's calling out, but I'll tell you Jamea Jumea Jamea my speech impediment. It's to say that this is looking pretty good as a day trade This look I mean it's a great swing trade like Bill's pointing out too obviously, but this looks pretty sharp I like this Jamea good call from Bill on the day trade side even to Now Norman up top said before and this was from about a few minutes earlier, but V CSA high the day Right there and thankfully it hasn't broken any anywhere since so hopefully a lot more left for us on this stock Yeah, not a bad call. I mean if anything great call, so I'll put this right back on our list here V CSA All right, let me see how many stocks I have on this damn watch list right now two four six eight ten eleven I Don't want to add any more, but if there's anything that is looking Incredible, then I have to really you know move a couple things around here I don't want to put out too big of a list So let me just kind of skim through the side list stocks. I kind of said I'd you know look at at the ends EMBK and this one's doing garbage pass on that ALT The pops later we'll call it out right now. It's not showing much That go-co Maybe but not a fan of the dollar star below dollar stocks as much BGRY looks the strongest out of all of those that we have on the side list But it's not trading a whole lot of volume per minute, so I pass on that for right now Karen calling out beyond meat B Y and D, you know good squeeze right now nice squeeze But this is where we need to consolidate the watch list that we push out to all of us here in our room You know if I put this on our list, I got to put 30 other stocks on our watch list if there is something that is sharply moving right now and you specifically have consistent success day trading that stock I Would want you to follow that stock, you know what? I mean, but notice how I freeze that though I'm very literal when I say that so if there is a stock that you're not like hammering home more often than not and it's moving Probably better fish out there in the sea to catch right now, right? So that's all that's where I say hey if you do well and beyond meet probably follow it You know probably same for brine on laser la zr. It's up over 11 percent This is at the highs and it's pushing up pretty nicely. This might be something. I end up slipping on our list here at the end All right, let's see. Let's see. Let's see. We got oh well low as we're continuing this meeting or finishing up This is actually Beginning to break down. It's hard for us to you know scratch that from our list Well as I've been talking the opa trade unfortunately tanked All right, this is where we can make a substitution here and flapping my gums long enough to do this So we'll scratch out the opad stock and we're gonna put laser on our watch list We'll do a little substitution in that regard. I like that laser trade All right folks, but aside from that I got to jump on to a coaching call coming up at 3 p.m Eastern time and then otherwise you'll have rich on the mic from three to four if I don't catch with you folks here Heading into the afternoon for all this live inside the trading room have a great rest of your day Have a great weekend. It is great to be back here at CTU So I'm sure I'll see everybody coming up on Monday But for all of us on Facebook live YouTube any questions that you have feel more than free to send over my way as well Josh at c2treading.com is my handle Always like to post that at the end of these streams at least for us on Facebook live YouTube Or otherwise if you wanted to join us inside our live trading room Just go right down to the link on the yellow banner below right there to get yourself started But otherwise folks enjoy the weekend and I'm sure I'll catch up with everyone if not later this afternoon in our live Trading room then by Monday. 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