 All right, seven traders welcome on back here this Thursday afternoon September 22nd That is shortly after 2 30 p.m. Eastern time welcome on back here for our afternoon meeting Let's get a quick sound check just to begin make sure that I'm good to go across not just the trading room But of course across social media Facebook live on YouTube see we're good to go here I believe from all of us inside this the cyber group room Michael Mark Felix Ron all of us still at least sticking with us here across this Thursday afternoon Nice little pushback up on Nova Vax here and VAX But this was a hell of a short from the gate this morning from right out the gate So we ended up putting this on our morning watch list early on here ended up coming out with some bad news in regards to COVID vaccine and with that ended up leading to a huge drop shortly afterwards I ended up getting my hands on this trade off of 24 under 24. That is at 23 96 I was calling that out heading into the mid morning saying I'm looking for the short right from 24 and it broke above it had a small couple of shakes So I almost got stopped out ended up pulling back below 24 and from there the rest was history So I ended up getting out on the first leg of this position with about 40 or 45 since I got out obviously too early on the first half But man the second half is pretty nice So ended up rotting this all The way down almost all the way down to the point where I ended up taking a break from trading I just said all right gonna step outside for a little bit touch grass as they say and I had a stop set just in case if it were To squeeze up it would take me out and I'd be extremely content So I come back and it was still dropping it didn't take me out at the time and I got out right under 22 2195 I tried jumping back in one more time. I got three cents on it again I was in from 22 18, but now at this point though It's beginning to make a bit of a dead cat balance for right now So either way whether this ends up making more of a bounce from here or if we end up seeing a higher lower Highs built from this point forward, you know right now There's about a 30,000 share iceberg on the ask at 2245 So if it fails to or if it or if it doesn't fail to you know Keep pushing up from here. I would say 2245 just watch out for is a nice top for this NVA X trade We'll definitely put this here on our on our watch list for right now. Uh-oh latest is no sound here I believe I am good to go though for from the rest of us. So just give me a quick sec All right, so with that folks. This was one of the three trades of the day. There are three trades of the day This is one of them. I mean, how could this not be the drop-off from the mid-morning smooth operator all the way down I'll tell you what though. I did not get my hands on the SPRO And I sure regret it ended up leading to this huge pop and bounce taking us into the mid-to-leap morning So man, I thought this was very heavily traded from pre-market and with that I expected the drop at first, but I didn't give this enough faith and confidence here once it broke over to I was expecting a lot more choppiness at that point and then maybe maybe a move up from there This thing just kept giving so I ended up personally missing out on this trade But I know more people got in on this trade than any other so actually without further ado Let me quick second here. I don't do this too often. I Don't have the time as often but right now. I know John ended up jumping in in and out He was in it early from pre-market But Chuck got about 35 cents on it got Bobby Oh who got about 62 cents on his trade He posted that at 1052 this morning Frank got about 35 cents himself Kathleen one of her longtime students She knows what she's doing. She got 87 cents on this trade. She was in from 212 Incredible job from all of our traders here inside the cyber group room now for this SPRO now It's obviously doing what I'd expected it to do from earlier And that's a lot more of what it did from pre-market just flattened out not provide much of anything I'd expect this to drop off even more taking us into the close or the after hours So, you know great job by everybody today on the stock Cleaned up for me on this trade if anything I ended up missing out on this whole run But you know, hey really nice run and for right now we'll pass on it But maybe check back in on it come tomorrow morning All right, so we had the Novavax trade SPRO and then give big give Chuck a big shout out here Chuck Trading this thing from top to bottom or bottom to top actually I should say but from morning to now Chuck had to have had about like six or seven points on this trade alone Six or seven dollars per share that is on this stock alone I mean this thing made a 12-point move all together So it's saying that Savva is still really strong right now at this time the day It's still making that resistance test off of 50 and above 50 briefly there It did top off right at 51 But you know you want to see support build off that half century number that $50 number right there So, you know technically right now it's still in that resistance stage It's not really ready to flip that as support it seems but definitely I'll put Savva on our watch list at this point You know like from earlier this stock right now has a huge spread and really thin liquidity out there on the order book on Level three and on level four. So this is not a stock for newly enrolled students This is a stock for more of our level four or five traders, you know students here that Consistently make their days pay or come pretty damn close to it day to day Right, you know if that's you then I would look for you to try and follow the Savva stock If not, I'm telling you there are going to be a lot of other trades to follow folks I just don't want to get inexperienced traders or students Otherwise that don't feel as confident on trading a stock that has like a big, you know 15-20 cent spread at times to get hit to get hit hard on this trade to get hurt on the stock So, you know nice job from Chuck and a couple of us otherwise that traded this on smaller shares But you know for right now, you know, unless if you're one of those folks, I'd look to see if what else is out there The Sun trade was a nice stock from earlier today Relatively liquid ended up making a great push from this morning 135 all the way up towards just under two Trying to make a second wind type of move right now not a whole lot happening right there Pixie big pop from this morning, but we are really familiar with this trade otherwise Right from back from May and then obviously taking us into the beginning of this month big pop and drop and move back up going into mid September So, you know in this stock when the volume dies off on it, we know what happens Same to be said here seemingly although this is just a lot more liquid But you know volume died off shortly after the market opened it really didn't go much of anywhere this stock beat you know popped from last week for us did pretty nicely at first that morning in pre-market, but T since MPX speaking of teases the stock new IPO I made a huge pop and drop off its IPO day and you know on and off a couple of moves here and there but Including this morning I should say including this morning and we had called it out when there wasn't much else to call out at the time So you know led to a nice little push ran from like 10 up towards like just 1250 ish But you know right now here not a little pop, but afterwards just back in the static shake So I'm not really too thrilled about this a MPX so far. I'll put it on our side list At least I'll come back to it at the end Yeah, you see former runner at least from like a few months back this stock a little move up earlier today But that's just about it I'm not gonna expect a whole lot on the gainer side today, right? Natural gas ETF cold may this make no really strong push right now So we've actually been really familiar with this trade over the last several months But you know on days like today where we happen to see the market gap down and drop off or you know Just hold near the highs or lows you're gonna see an ETF like this pop up and no natural gas ETF in particular cold This is making a strong move so far this afternoon. I Don't mind putting it on our main list Let's see what its counterpart can do here UNG on the way down if cold goes up UNG Goes down so, you know, hey, I could easily put this on there as well But we tend to focus more on like publicly traded companies stocks. That is equities not an ETF It's a lot harder to follow an iceberg order or just level three in total for an ETF or ETN If you have level four if you have book map Okay, we could show you how to trade it but other otherwise, you know If you're new if you're just getting familiar with following level three level four, I'd focus on some stocks All right, Lee's still holding strong Chinese EV company is still at five percent. I should say it is dropping off right now Might be actually a better short at this point heading into the close than anything else here It's trading a lot of volume per minute Not too expensive. It's on the way down to a whole number assumed support off of 24. I don't mind it It's getting a it broke below. It's opening print 2441 earlier from this morning So, you know, perhaps if it retraces up there that will be a resistance It's a trade. It's something I'll put this on our main list Lee See what else we got here to wrap up the gainers side again Not gonna find a whole lot here on the gainers side this afternoon Rum RUM, you know, we saw this from pre-market makeup push and really back from Monday this week ended up making a big pop then Just not really trading a whole lot of volume per minute. It's breaking above 13. It's breaking above the VWAP actually So if there is a time for a pop, this could be it But it's just a little illiquid from my liking right now I don't have a need to put this on our watch list just yet. Let's see what else we got here on the loser side though You know, probably gonna find some more name brands on there at least down more percentage wise But stitch fix what goes up comes back down and dropped all the way back down She washed out the gains from yesterday And now is making that big drop off of the down earnings, which was pretty odd We ended up reporting or we ended up seeing stitch fix report bad earnings essentially in terms of lower guidance And the thing ended up taking off yesterday. What the hell? Crazy I have no explanation for that now with that said ended up dropping off into the afternoon And then this morning got got washed out. So now it's really a great short or it was from this morning I should say a little slow right now at this point, you know, if it was a lot closer to the lows I'd be interested, you know, just bounced off of four bucks right now. So a little dead cat bounce for right now My Novavax jump back to nva x has been treating me really well today So it seems to be holding well underneath that last resistance off of 22 30 ish It didn't pop up towards that now 40,000 share order at 22 43 So let's see what it could do here Maybe we'll make the lower high from this point drag back down below where we where we had the big volume get filled a moment ago here It does that this thing is really gonna continue. So, you know, just be mindful of that as a short All right, what else we got here to wrap up the loser's side. That's there's definitely a lot more that's down Percentage wise. So we got tell here. It's actually gonna be a little slow tell right away as cheap stock that's shortable, but Uh Caesars CCR Say what the chart looks good This is as clean of a short trade as you can ever ever wish for so yeah right now. This looks good Caesar's CCR I don't know if there's any news on it But this is back-to-back days where it's getting hit hard drop down from like 45 down to 42 yesterday now today from like You know sub 42 all the way down to now 37 just about Check out pen national pen national gaming. Wow pens down over eight and a half percent two So a lot of these gaming stocks casino stocks seemingly taking a hit right now just like Mark wrote there in the chat board That's right MGM. Wow all of them I'm just gonna check out all the other sideless stocks while I'm at it So it seems to be just the casino stocks that are really taking a hard hit I mean airlines right now don't seem to be doing a whole lot the kind of reflective of the market Cruise line same deal my lovely neo ended up dropping off again today. This was also another stock I did put some focus on this morning. This was the only stock I took the time to prep and chart up so I was kind of forced into doing that But it paid off nicely traded levels. Well It's just a little slow right now for my liking. It's only down point five percent right now, too So all right so back to our sideless Scott saying that a MPX is still pushing up Yeah, it is trying to push back up getting closer and closer to the highs So at this point now, I'll put this on our main list a MPX. Just be careful of that spread Rum I want to see more volume traded on MPX is trading twenty four thousand twenty five thousand shares close to per minute The other one wrong is like three thousand so MPX yes rum no all right folks. I think that'll just about do it Caesars is on our list. I'll slip pen on our watch list also now make two different casino gaming stocks We don't need to follow every single one of them. I mean Caesars is down the most will follow that Pen is trading some good volume right now itself. So I like that at the same time All right, folks, let me just check Benzinga pro here And then also just check social media Facebook live YouTube see if there's any other comments that you folks have here any other stocks Lou I appreciate that Lou on Facebook right now joining us live saying something very nice about Fausto saying Fausto has been teaching people the right way to Read the market for 20 years that I know of great teacher. Okay, I could agree on that great teacher indeed Thank you very much for writing that Lou Michael saying draft Kings at the low of the day. Let's take a look on that right now from Mike Yeah, draft Kings is down big also right and it's one that we are even more familiar with than even More so compared to like the casino stocks. We trade draft Kings in here quite often All right, there we go D. K. N. G. This will make the cut We just jumped to Benzinga pro here lastly folks We'll see if there's anything else, you know moving well looking good at this point Up I got one. I got one unless if someone writes it as I go to it ISPC Oh, no, not good enough not trading enough volume. It just popped up on my scanner here for high the day But I actually made a slip-up. I forgot to adjust my volume part of that scan So yeah, this thing is not looking too great so far. It's only trading a hundred twelve thousand shares on the total day GLS nothing happening here FRZ a same deal folks. I got nothing else. I think we're gonna call it Andre saying lol fdx. Let's take a look on FedEx here Interesting pop. I don't know what happened on that I'm curious enough to check the news at least and we got the time to do it Like we talked about in class back from yesterday the phase one stock course check the news when you have the time At the time here. So looks like this could have been the leaked earnings Company reported better than expected quarter one adjusted EPS results The company also issued quarter two guidance and announced it anticipates future buybacks So that led to the pop just now on fdx You know what I'll put this on our list for anyone that does more options trading on it because What interests me on this more than anything is not like the order book. It's got a thin book here So I'm not a fan of that But it's the daily chart this thing took a huge hit going back into last week, right? I know all of us recall that so no there could be a potential gap fill in play over time Not to say today, of course, but you know over time perhaps tomorrow trickling into next week So it's interesting, you know a good show from Andre on that All right, folks, we're gonna wrap up for right now I know that rich will be on the mic at least for all this inside the live trading room coming up at 3 p.m Eastern I'm gonna jump on to a coaching call from 3 to 3 30 and then we'll be good to go from there folks All right for all of us on Facebook live in YouTube Hey, if you're interested in continuing our audio commentary inside our live trading room That is just go right down to the link on the yellow banner below of the stream right there to get yourself started Otherwise, I always like to post my email here at the end of these streams Josh at c2 trading comm is my email So any questions that you may have in regards to our meetings and what we do on a day-to-day basis Feel more than free to send over a quick email beforehand, and I'll be more than happy to answer and talk to you on the side All right folks for all this inside the live trading room best of luck trading here heading into the close Come a cyber group member today Just click the link below and receive all these amazing products and a world of knowledge for just $9 Do it today