 All right separate traders welcome on back here this Tuesday April 25th We just finished up our traders talk workshop just a bit earlier. Hey FRC. What a move. This is making here I still down nearly 40% but making a pretty strong dead cat bounce right now off of nine or roughly around there great Tab all our students and members like inside our live trading room here Let me just get a quick chat back make sure I'm good to go across both ends inside our live trading room And of course across social media on Facebook live linked in Twitter YouTube Should be good to go right fellas, right from Phil Sam Charles Barbara Leda the ladies at the trading room as well as great to see everybody alike So right now a FRC pushing on up still ended up having a huge nosedive early this morning pre-market Obviously, you could see based on the five-minute chart heading into the late morning the early afternoon this completely collapsed So allow me if I could I'm gonna check Benzinga Pro. I Didn't really relay the news to too well to you at least after the market opened up just from pre-market. We were talking about it so circuit breaker halt says that Overall it says that strategic options for FRC would be challenging and costly for shareholders says that first Republic will have to Undertake significant write-downs if it is to sell itself just a couple of other headlines altogether FRC is said to weigh up to a hundred billion dollars in asset sales Led to a huge nosedive as you could see heading into the mid-morning early afternoon Right now. I mean I I'm still pretty bearish on this all together Hasn't really broken a higher high yet Just kind of moving up towards the next print level off of 980. It's got halted a few times across the day So off of 946 I was looking for resistance to hold there Well, it hasn't yet, you know, but it can pull back below this level here pretty soon If not just hold under 980 and then drop, but hey, this one's hard to borrow I wasn't really too keen to follow it on the way up as it is a dead cat bounce Could have made a good trade. Hey from nine bucks could have been good for about 50 to 60 cents, right? But I didn't partake on the way up. I'm kind of more bearish altogether. So that leads me to like packed W Packed W, you know also on our main list from earlier is down over seven or nearly seven percent right now If this could hold under 1050 here coming up, this could be a fantastic short In fact right now on this trade I was just kind of looking at level four a moment ago before this meeting started on level four You could see a couple of things just happen here pretty recent looks like a big order got filled at 1052 For about 36 37,000 shares I tried writing that in the chat board here pretty recently that order got broken through pretty quick Well, it seems the same to be said over here at 1057 a pretty similar sized order got filled And then now we have this big 47. I thought it was 100 plus thousand shares earlier. It was right here So it seems like someone's trying to protect this stock from moving up higher You know, perhaps people shorting on the ask knowing that this is more likely to drop and pull back lower into the close Or into tomorrow morning. So I'll put both on our main list FRC and the packed W More focused on packed W personally We're not going to put every single bank stack on our list, but you know, WAL I'm sure is pretty volatile Just that this one's a little bit more expensive price wise and also the spread is a little bit bigger on this So there's no need to focus on this when we have others that are moving really well for us You know, it's not just like oh FRC is more like level two-ish or so. This is still level three stock I'd say this is definitely giving you good bang for the buck And then if you can't get your hands on this then seem to be said here on packed W I'd imagine All right So packed W FRC those are the two main bank stocks that we're going to work with going into the close But you know, hey, let's just go from top to bottom here Otherwise markets been moving on the way down across the whole day You know, Sam was asking here, you know, what's the news out on it this morning I know one of our students Jeffrey was kind of commenting on some news that came out at 10 o'clock Some new home sales and consumer confidence report at 10 o'clock eastern But you know over time just led to a gradual drop. It wasn't really a sharper drop up until like one o'clock So maybe the bank stocks kind of weighed the market down. Perhaps that's possible Just overall, we're not going to find as much on the gainer side. I'd imagine comparative to the loser's list So let's do that. Let's just go from top to bottom right now. See what we can get all right, so cntg cheap stock I I don't think we really traded this one from the morning Maybe rich called it out off the halt But I really didn't focus on in on this one too much from the open Cheap stock below a dollar it popped up big. I mean, wow up towards like 240 to 50 ish Really, I don't remember us focusing on too much on this trade at least going into traders talk So at that now definitely the stock has flattened out died off quite a bit We had our hands full with cx ai as you could see my levels mapped out on this one No, we talked about this all throughout our workshop this morning folks traders talk So if you want to check back on that the recording will be posted on our website on our student portal website Later on today for youtube. We'll try and pump out like a two minute little clip for you there But otherwise cx ai. Wow pretty strong bounce back up here. You could say right moving Moving back on up towards 12 I would still expect for resistance to be there roughly off that 12 level give it a few tests at first But the fact that broke over it initially heading into the early afternoon No, it shows potential buying at first. So that's a good sign if it wants to break higher It's already tried to tease the break once so give it a few more shakes. It looks pretty good here Hey, I'll put this back on our list now cx ai Now ptpi this did not fill me Oh, I was going to try and come into trade uh the afternoon meeting here today At this time just with a nice trade on ptpi just failed to break higher off the sixth level 602 So we have a bunch of buying that came in earlier off the first pop off of six And then even earlier from from the market open you could say So I was hopeful to see a higher high later on at this time and Right now haven't really gotten it just yet. Uh, I'll put this on our side list for right now I'm not a fan of the order book. That's for sure looking at how thin it is how big the spread could be at times So, uh, you know, I'm hopeful to see the higher high on this, but we'll check in with this at the end of the meeting Let me actually jump back to my ptpi Level four chart here if I may just so I can kind of keep a smaller track of that on my other window here on my other screen Also, my scanners are kind of glitching out on me today with trade station I got a bunch of funkiness happening here So I'm going to try and go through as best as I can but I just kind of lost a couple columns there magically All right, so let's see what else we can muster up right now ufi not doing too much a plt All the stock from yesterday Pushed up pre-market popped after the open and dumped back down Normally don't tend to see such a strong recovery afterwards next day So definitely making a pretty good push for right now the order book I hope fills in a little bit more here going into the clothes You know ask side looks good needs to have a little bit more coming in on the bid but I'll give it a shake aplt. We'll see if this ends up making the higher high pop up perhaps up to 150 arwr flat the price Bxrx we we've had our fun on this from pre-market. We did pretty well left a little money on the table, but better that than Well, obviously as you could see All right, so market is down uvxy could be up percentage wise right here. So we'll take a look You know a little grind up earlier, you know the cheaper it always gets it just becomes a slower moving etf. So There's no rule of thumb here even i'm just kind of just talking out my butt here But it's to say like when this was like anywhere between five to ten bucks It's made more of like a sharper reaction at times similar to like boil when it was like five or ten dollars You know, obviously all within our price range there, but it was making a pretty volatile move The cheaper these etf scat if they do not become worth your time Please trust that so, you know even with uvxy trending up I'm not too particular right now. We'll see if there's anything just moving better on the way down Wow had a big pop on riot and mara earlier I tried checking the news out for it, but I didn't get anything Let me see now I'll see if there's any news that came out with riot or mara or bitcoin or whatever the case may be It's a little news out on riot from pre-market some like You know price target, but that has nothing to do with this a giant afternoon run here that we're getting Let me quickly if I could pull a bitcoin chart. I'll see if there's anything looking pretty interesting from that side I don't know if it's like bitcoin in particular just making a huge pop or what haven't really been too focused on on it as much today all right, so This is bitcoin five minute chart. I mean it's popping up a tiny a tiny tiny amount not much at all only like a few hundred points So this is a pretty pretty significant move compared to everything especially compared to the us indices here You know just grinding lower riot popped up pretty nicely Mara popped up pretty nicely Coinbase, eh, you know trying to move up now for the price, you know looking a little bit better now I'll put riot and mara on our list You know what you know what I'm going to say coming up after these stocks rarely look to make the Continuated big pop higher and into close So you know if the markets bounce back up pretty sharply suddenly perhaps I can give it that extra little kick or boost that it would need Uh, you know for right now I'll be Kind enough to put them both on our list riot and mara not as much coinbase for the price though All right anything else looking good from the gainer side here blue at the high of the day small tiny gaffel opportunity I'm actually going to write this down on my side list here Not the main list just yet, but right down on the side All right, so no other familiar names that really like stand out to me here Otherwise called blue there briefly on the side list, but That's just about it my uh losers list here. Hopefully this doesn't glitch out on me I lost track of my percentage column on the other one What else do we have here a bunch of frcs? No surprise there have like 13 15 20 different tickers of these You got to we throw them all all these first republics tickers all different class stocks And I mean I'll tell you there's definitely a lot more that's down percentage wise here, so If I can get this Down to a hundred even nope not that But keep track of my price column right now. This thing is freaking difficult to grip hold up right here. There we go finally All right, so what do we got right now anything on the losers list here? Just really top 100 look at this all down over 5 percent or more Nothing really looking shortable too much or treating a lot of volume I always say it's easier for me to skim through the losers list So it might look like quick or lazy to me to just say but I could really tell a b s Ha ha that's not going anywhere red fin Down over 11 at the lows, but not really treating a whole lot of volume right now. Just kind of stagnant All right folks, I'll tell you what I think that's pretty much it from my side If there's anything else that looks good up down left right more than that 5 percent that we looked for typing in on the Chatboard side Going through all my personal side list stocks right now just taking a look at a couple Nothing too much looking great X us steel down near 5 percent, but again just looking lackluster Weight watchers nothing really looking good there All right, let me see from benzinga nothing from there or nothing from the chatboard otherwise YouTube facebook live linkedin etc Richard and chuck both saying actually VIRI pushing up. Yeah, this is already made its move. I feel like across the day I'm not really too keen to follow this right now guys, you know, this stock normally trades prior to today Oh, it doesn't have my volume average up here So it goes to show how little volume the stock trades day to day when it can barely crack over a million So with saying that the stock is more exhausted now than anything You know a nice little downtrend off the highs You know if it pops up a little bit more as rich as on the mic at three o'clock Then i'll be more serious about it myself. I don't mind missing 10 12 cents if i'm wrong with that idea, but We've seen this song and dance play out before folks. Yeah All right, so hey, it's always worth just checking out right It's always better to go over it than to not and then to have you get sucked into a bad trade Right, but hey if this ends up moving back up really nicely by like three o'clock three 15 and about 15 or 20 minutes Then all right, then we'll see what it's doing Ptpi for right now like I said is on our list already It just hasn't broken higher yet, but it's still lingering there for that reason You know what? I'll put that back on our list. I said that we kind of come back to that at the end Uh, one of our trial members lori asking about afrm It's near the lows. Maybe you could think if it could break lower, but it's very stagnant Like there's probably a lot that looks like this. That's the issue So, you know, if we keep going across the stocks that are down percentage-wise Unless if there's something that is near the lows and making like a move that's worth our time Then i'm not going to be as inclined to follow it. This is near the lows So, you know checks off one of those boxes But it's like hey, it looks like just watching the grass grow But again, you could say that with a lot of different things. It seems like you're lori So again better to ask than to not I think we have a pretty good list though at this point folks You know a lot of what we have so far is on the gainers list We do have the pack w and frc already from the loser side So we'll see if this can pull back down back below 1050 already I'll tell you i'm a happy camper right now to begin this so frc pulling back It looks like it falls broke that 980 if this could break back under 946 Then I think that we have a pretty good short on our hands with the other one with the pack w But again, there's others out there from the gainer side that might go against the grain and and really run up higher into the Close, all right So for all of us on facebook live linkedin twitter youtube I setra. I appreciate you folks sticking with me each and every day each and every afternoon Taken in for foustos in the for fousto in the mornings here at this week as well A lot of water today stay hydrated folks now with that Let me know if there's any questions you have feel free to shoot me a quick email josh at c2 trading.com is the handle If you're interested in joining our live trading room Hey, go right down to the link on the green banner below just right down at the bottom of the stream We just did our workshop earlier completed our traders talk live workshop But we'll post that full recording for any of our members like lori right now inside our live trading room We'll post that on our student portal coming up just later on today Give us a couple hours folks will have that in full on the website later on today So if you wanted to join us now you could still have time to join us and access that recording That again, we just did live from earlier today. All right folks, but again for all of us inside the live trading room I'll be in the chat board up until I think the closing bell today So now I'll be chatting with you folks all the way through up until 4 p.m. Talk to you soon. Take care