 All right. Good morning, separate traders. Welcome on back here this Thursday, October 13th. Shortly after 9 a.m. Eastern Time Welcome on back here for our morning meeting. Great to see all of us inside the live trading room, Phil, Grant, Leda, Mark, Andre, and all of us there live. And let me get that back up for all of us on social media, Facebook Live and YouTube. Oh, not the best market conditions here heading into the open, folks. We're gonna talk all about that here coming up here in just a moment. But hey, before the CPI report came out, let's talk about this lace stock, at least for right now. Because even if the markets continue to stagnate, drop off further heading into the open or after, that doesn't mean that every stock's kind of looked to drop off. So with that, lace ended up continuing its move. Or actually, I should rather say, push back up from the close yesterday, ended up making a nice push above the highs that we had back from Tuesday of this week. And with that, ended up making a huge pop. So ended up topping off early in pre market here right off of 438 had pulled back down right around the VWAP. It was kind of struggling around there at first, and now roughly off of four bucks here. So let me bring up level four, let me bring up book map here, at least on this to start. Then we're going to talk all about the S&P all about the CPI report that just came out here at 830. So the lace trade though, for right now, and you have an iceberg, not just at four bucks, but, you know, at 395 about 10,000 shares currently on the bid sitting there. So that could be a complimentary level going into the open, especially to a level like four bucks, like I said, next support below there. I mean, as far as you know, icebergs go roughly off of 350, like 351, maybe that is, yeah, like 351 for about like 12k, you know, that's pretty far away. So should have really smashed below 395 beyond the lookout. I mean, maybe this little top here, maybe, you know, prior resistance could potentially be support, roughly off of like 382-ish, but there's nothing there on the bid to exactly justify that. Right now, as I'm talking, look, what just popped up. Pretty interesting to see here at least about 18,000 plus shares currently on the bid right off the four level. So again, like we were just saying, four normally to anticipate an iceberg to show up at, and really after the market opened, I wasn't planning for that right now. So we'll take it. So, you know, 395 and four here on the lace trade as support, we're going to put this on our list either way. I mean, obviously the markets took a huge hit just a moment ago, folks, coming off the CPI report, the inflation data that came out. Let me let me do a little bit of this. I'm going to move around for right now. Just give me a quick second here, folks, we're going to flip the spy to a one minute chart. And I got to get that pre-market data enabled again. But, you know, as you could see, huge drop on the spy, the SMP, you know, all major indices at 830. So I'm going to read the headline out for you from 830, the CPI report month over month for September is 0.6%. The estimate was 0.5%. With that, the initial jobless claims report also came out. It was 228,000 versus 225,000 as the estimate. And the prior, if not month over month, perhaps year over year, 219,000. So, you know, initial jobless claims definitely increasing and higher than the estimates. There's a couple of other headlines out there, too. But obviously a big drop off, big bad reaction across the markets early. Now, with this, though, you'd anticipate for everything to really continue afterwards, maybe later into the morning or early afternoon, get a small dead cap bounce. If we get that sooner than later, I'm not trying to be perfect with that assumption. But I'm definitely more pessimistic about the open. I'm sure a lot of us here are, too. So, you know, I'm not really looking for a pop right away. But it is to say, though, that, hey, if the markets continue or if the markets fail to continue dropping, perhaps we could get that 1015, 1030 Eastern dead cap bounce reversal time, perhaps. But with that, though, I want to jump back to the S&P, not just the spy, but the S&P historical charts, because I thought this was pretty interesting. You know, folks, for all of us on inside the live trading room, at least, keep in mind, Fausto had mentioned this very briefly yesterday, just to give you a lot more data about it. We're going to be launching our swing trading program or swing trading course coming up in just about eight days from now. On October 21st, Friday, 12 p.m. Eastern time. So, we're going to make sure that the links are sent out just over the next few days, next week with that. If you have any interest in our swing trading course or program, just make sure that you talk to your Education Advisor. Live classes begin in eight days on October 21st. We're going to do them on Friday. So, the 21st, and then actually the 28th is the second class that we'll be conducting week over week there. So, I really look forward to teaching it with you, folks. But, you know, part of that is going over historical charting and going over really just, you know, indicators and basic charting that you could anticipate to act as a potential bounce level or support level. So, give me a quick moment. I actually have to probably go back even further. Just want to make sure. Let's go back like 75 years. So, we ended up seeing, I mean, over time, since 85, just a real nice squeeze up over time. I mean, it did technically break a lower, but over time held back well and then squeezed back up essentially a double bottom of sorts, right? But with that, though, you know, hey, as far as seeing where we could find big support coming up on the spy, personally, me personally, I don't use indicators as often with my day trading. But when it comes to swing trading and having the time to prep and, you know, study and do research, you know, you have a lot more time to do that when it comes to swing trading. So, I'm going to toss up a couple of different fibs here just really briefly just to show historically, though, back from 2009, the bottom of 2009, their financial crisis 2008-2009. So, you could see at least for right now, the S&P is well below the 23.6% retracement here at this point. It wouldn't shock me to go as low or close to the 38.2, 3200, just about, I was going to say the spy, just about 320, that would be. But, you know, that's one to watch if I want to kind of move this up even a bit further, going back to the pandemic lows all the way up. Well, for right now, there is a level to watch here. It's not like there's just no room until that 3200. But it is to say like you're off the pandemic lows to the very high here, roughly speaking, right around, you know, 3483, 3485. I was looking at this up earlier on the spy. So, I'll show that to you folks right now. The spy is right around like 348, 349, that would essentially equate to. So, I would assume for right now, that to be a bit of a technical support. Now, does that mean that it's going to hold there perfectly? No, not at all. But as far as a day trade, as far as a potential intraday trade and a bounce that we could look to make money on throughout the course of this morning heading into the early afternoon, why not think that? So, that's roughly off of 348 here on the spy, 348, 349. You know, let me just jump back to my one minute here because it erases the pre-market data when I jump around to the indices. So, you could see right here, it's essentially there now, right? Dropped all the way down to 350, broke below there. It's gotten really close, if not a direct bounce so far. Pretty interesting, huh? So, that's what I'm keeping my eye on when it comes to the major indices, that being at least the S&P and the spy, the S&P ETF. So, that's what we're going to be following inside our live trading room. All right? So, you know, hey, normally I like to start these meetings off by going over the stocks we traded from yesterday, but obviously we're anticipating the CPI to come out from early this week. PPI came out yesterday. Markets didn't really do a whole lot from that point. I think, you know, they were really hesitating and waiting to see what happens heading into 8.30 this morning. So, with that, we're going to not really tend to find a whole lot on the gainer's side here. Probably just littered with ETFs, right? Like SOX, SQQQ. You know, the one that we, if anything, follow inside the live trading room because it does have good liquidity overall and well within our price range for right now, but the UVXY trade. So, UVXY definitely will put on our watch list here alongside the lease trade to begin. Just remember, though, these are all ETFs. Unless if you have bookmap level 4, I would not suggest for you to be following an ETF here this morning. You're going to have a lot easier of a time following an equity. Even if you can't short, I know that there's a few of us in IRA accounts or just straight up cash accounts and you can't look to short a stock here this morning. That's all right. That's totally okay, folks. Not only is it possible that the markets could dead cat down slightly later on today off that FIB level, but again, not every stock is going to tank with the market. Not every stock is going to go with the grain. You'll have a couple of stocks that go against like the lease trade, maybe a couple of others should we see them. I saw one earlier, but unfortunately it ended up tanking. It was the APDN stock from yesterday. Perhaps we'll talk about that one in just a moment. Metamaterials, MMAT is still up like 6 plus percent. It's just really flat here in pre. Not a whole lot happening on that right now. As assumed, not a whole lot left on the gainer side. We're below 5 percent. Let's hop over to loser's list right now. We'll go through some side list stocks like the cruise lines, airlines, casino stocks here at the tail end. Got this one stock RLMD down. It was down like 85 percent by the time I logged into the trading room early. For any stock that's down that much, I'm not looking to short it right out the gate if anything. I'm looking to try and look for that infamous dead cat down. This actually I want to show just on a 15 second chart. This was cool. I don't use a 15 second chart when I trade folks. Just want to point that out. I'm only doing this for educational purposes. But earlier today, frog my throat again, earlier today I started the trading room off with that. Earlier today we ended up seeing the RLMD trade. It broke under 5. Look how cool this is. Broke under 5, held under 5. As soon as it popped over 5, it ran. So that's where I talk about as far as anticipating support. You really truly want to see that support level get broken through first going down because if it breaks through it very shortly after going up, you're going with the momentum. At that point led to a really nice dead cat bounce early for this RLMD. It's still hanging in there too. Looking pretty strong right now coming off 9 o'clock. You're making move up to 7. So yeah, I mean hey for right now for as much down as this thing is. Let me just check the news on this. Not that it really matters at all. I mean it truly doesn't. It's down enough trading enough volume. So I'm just curious. That's all. RLMD shares trading lower after the company announced its reliance three study did not achieve its primary endpoint. So I don't know if it was like phase one, phase two. Oh, shoot. Oh, actually I do see it. Pardon me there. Phase three. There you go. So that's even worse. They were right at the goal line basically and on phase three, they ended up failing to meet primary endpoint. So a huge drop, probably a huge disappointment from investors as well. But with that though, I mean, it's possible that this can make a small dead cat bounce again after the open. But we know what's going to happen to a stock like this afterwards. When the volume dies off here, like when the volume bars begin to get smaller and smaller, this thing is going to tank. So you don't want to be on the receiving end of that ticket. So we're going to put this on our list. Hopefully it moves up more. Alright, let's see what else we got here. Alright, so another ETF here perhaps. But you know what? We'll follow this one given how volatile and how weak this sector has really been of late, but more volatile if anything. But you know, SOXL Semiconductor, the chip sector. So stocks like NVIDIA, AMD, Micron, Intel, you know, all of those trades are going to look to kind of be within the sector. So SOXL has been taking a huge hit of late, you know, more than anything with US China regulations with, you know, the super computer chips and all of that. With saying that, with saying that SOXL dropping down big here heading into the open. I don't know why I have a damn frog in my throat here. But AMD dropping off just as nicely. We'll put that on our watch list as well for Felix and Alex and a couple of us here perhaps otherwise inside our trading room that follow NVIDIA, obviously it's down like near 5%. So it's hard to not put this on our main watch list here, right? So like everything chip related SOXL, AMD, NVIDIA, at least those in particular, you know, I'm sure that, you know, if you do well on Micron or Intel, then you'll be more inclined to follow those as well. All right, let's see what else we got here, folks. Well, hey, with the market taking a huge hit, no surprise, Bitcoin taking a huge drop off here too. Last I ended up checking Bitcoin was at 183, 183 right now. And with the way the market's looking, it's like really breaking lower. Wouldn't shock me to see Bitcoin begin begin to get weaker compared to the major indices here. You know, they're very correlated, but not a direct 100% similarity. Sometimes the S&P will be stronger versus Bitcoin or crypto. And then sometimes crypto or Bitcoin will have its comeback or strength versus the major markets. I'm led to believe here, unless we see a giant slingshot otherwise altogether, which I'm doubting, but I'm led to believe that we're going to begin to see a lot of weakness in Bitcoin against the major indices here. So even if the markets stagnate for a little bit longer, I think that we're going to get more of a drop on Bitcoin. So be careful about that with that in mind. Coinbase down big, it's down over 9% looking great as a short. So we're going to put this on our main watch list right now. Let's see here, folks. See what else we got. Affirm down big. That's a stock we're pretty familiar with. Down over 8% on the way down to 18 looks like it's getting pretty close towards yearly lows too. Slowly but surely, perhaps all time lows you could say on top. So there we go, AFRM. Probably find a lot more folks on this losers list. So if there's anything else that's looking really good, down or perhaps even up, if there's anything making a big pop right now, let me know. I'll check Benzinga Pro here before we finish up. Michael asking, is there a charge for the classes for platinum and diamond students? I believe it will come with your course package, but just otherwise just for any one of us here, if you're interested in the swing trading course, please just do yourself a favor. Just email your Education Advisor, at least if not call them. Let's see. Ron saying D-WAC still up a dollar. I forgot about that. That's right. You know, everything going on with the CPI report. D-WAC was up early this morning, but you know, charts a little spotty here right now. I mean, hey, it's up, right? Seven plus percent. It's trading 271,000 shares. You know, it's tradable by all measures. I'll put this on our list. Hopefully, this can make a nice bounce. APDN tanked hard. It did. That was the one I was saying. Yeah, it was looking good early, but then right after the eight o'clock move, it bounced off three, couldn't hold that as support. And then from that point, I don't know if a common stock offering came out on this one, or direct offering of shares wouldn't shock me. Let's see. I don't have any news on this. So that's all right. Either way, I was just checking out of curiosity, but you know, it's tradable, but it's down big for a reason here today. There's a reason I tanked here early. So I'm not too interested in APDN just yet. Maybe later, if there's nothing else to trade, I'll give it a second look, but we'll pass. Delta dropping earnings today. Yeah, earnings today. But if the market's dropping off, there'll probably just be as good shorts, if not better at this point. So if the market had popped and Delta had good earnings, then I'd be a lot more interested in that later. But for right now, I'll pass. All right, folks, that might just about do it though. Hey, we're just about 12 minutes out until the market opens up in total. We got two, four, six, seven different stocks, two ETFs on top. I like to be particular about that. Because again, without using level four without using book map, it's going to be really difficult to trade in ETF folks, we do not suggest any of our students to trade in ETF unless if you have book map. All right. But with that, though, for all of a sudden social media, Facebook Live and YouTube Fausta will be will be back for you folks on Monday of next week. You got me for one more day and at least for this afternoon as well. Any questions that you folks have, feel more than free to send it over through email. Josh at c2trading.com is always my email address like posted there at the end of these streams. If you're interested in joining our live trading room, just go right down to the link on the blue banner below the stream right there to get yourself started. But for later, Ted, Bill, and Brian, and Ron, Simon, Michael and all that's just your life right now. I look forward to talking to you folks soon. I'm going to post the list. And for Bill, we're going to post the link for book map on D whack in just a moment. We'll do that in a bit ritual probably beyond that just now. Alright, folks, we'll talk to you soon. Take care.