 Good morning sub traders welcome back How's everybody doing this lovely Tuesday with a nice little rally that we got going on in the market? Good to see you all Mike Good to see you Lewis good to see you grand everybody. Well getting a nice little pop. How was that up? 1,600 points on a Monday. I feel like deja vu about two weeks ago when we had that big rally Looks like we're doing it all over again So hope you guys did your homework last night and see what was going on, but um, you know I I had some swing trades. I sold them took a little bit of a profit Not as much as I liked when we had the stock started reversing and then I bought everything back again Good thing I did but I think you know listen We got a double bottom that's going on right now in a lot of stocks You could see it even here. I'm gonna talk about carnival cruise line You can see it right here. There's like a double bottom right here But but there's a lot of nice little movers and let me change a slide and Right here you could see it and every stock looks exactly the same every single one of them so Listen, um, you know just really quick talking about what happened here with carnival cruise line I think The news was out. That's a Saudis firm invested into CCL or taking a nice little stake in it I'm telling you I could see a lot of that happening right now Listen, they're not gonna be as dumb as they were when they gave all this money In the financial district remember financial when they you know, I think it's hysterical what they did You know, but you know the banks but they took all the money and they say yeah Yeah, yeah, yeah, yeah, we'll do whatever you want because they were like begging in their knees that like please please give me the money And then they bought all this stock and they did And then when they ran to stock up they say, you know what we changed our mind if we don't need your money anymore here Here's your stock back. Here's the money you gave us so they were perfectly fine I don't think we're gonna have that much of a that much of a Same situation so I just think more people are gonna start You know, maybe mergers might be coming in you're gonna see big companies taking big stakes into it So I think you're gonna see a lot of that now if people start feeling comfortable, especially, you know If you watch the news if you watch The governor Cuomo was talking about it yesterday regarding about like the death rate is obviously Hopefully not as bad as they think if they're seeing a little bit of a curve coming down a little sooner than later Which is great, you know, I mean, that's some great news So Mark kind of likes that you gotta remember look at this stock right here $50 down to $10 I mean you could go down the list It was so many of the airlines all these the ones that I hit most hotels everything and people are gonna realize You know, you're gonna be look back a year from now and you're gonna be like, why didn't I buy back then? You know believe me. I've been there and I've done that back in 2008. So You know, so anyway, a lot of big movers moving in here Listen, I can go through the list, but there's a lot of them out there that are already moving I mean we could talk about I mean you got you got the CCL. I mean all the all these companies are doing great You got this one that's moving you got You know, you got Norwegian that's moving pretty nicely, which one was that one the NC LH oops typed in wrong window hold on the LH That one's moving up a pretty nicely, but remember what I told you earlier When I told you earlier when we started trading in pre-market You all know we started eight o'clock in the morning. Actually, some of us get in around at 745 You know, the issue is some of these stocks though is that the spreads are pretty big So you got to be careful in pregame. Remember, we saw what happened with LK Luke and coffee we killed it stocks, you know, that we that was a really big day for all of us But the problem is is that you know, the spread gets pretty big So you got to be careful the these spreads get a little bit better and tighter now So if you didn't get into any stocks right now, I mean, listen, you shouldn't be trading anything after 9 9 30 You know, that's pretty much the dangerous time. We talk about that in class a lot But right around 8 30 you got that 8 30 to 9 9 o'clock move if you got a good position into it Just like this one you could see it right here. Let me just change the uh, the chart a little bit better The right around here 8 30 you could see it, you know, really kind of made this big move right here made made higher highs You know, you're looking pretty good. So if you got in here around 11 80 11 90 you're looking pretty damn good You know, it's always nice to start Um, it's always nice to start with with a positive going into the open But um, but regarding about about yesterday just really quick about yesterday We had that big big winner With with the market a lot of big stocks moved but remember to You know trading these stocks when the market's making a big comeback They got to be more of a swing trade these ain't scalps, you know, you got to be careful and if you notice like I'm just bringing up ba my favorite stock out there I bought a bunch of shares of this stock When it packed off, but right here at the gate, let me just show you. It's not a good time Okay, right here at 3 30 you could see when it started making its move But like the last couple of minutes is where it made its big pot. You know what you mean? So you got to be really careful of that so, uh Yeah, look at this hope that goes this stock is Can't believe this thing Look, it's it's I've been making it's making a higher high It's not even making a lower low or it even hit a double bottom so You know looking good for ba by the way, you think you're you think you're chasing it buying here at You know 163. I don't know It was only at 350 less than a month ago. You know, I mean like it's just so scary What would happen to these things all because there's damn little virus and you know what? I'm gonna say it again. I'm gonna say it again. I'm gonna say it again Nothing was bringing down this market. We were on pace And I was predicting by November. We were gonna be at 35,000 Okay on the Dow only thing that could take down this market the only thing was You know a catastrophe a war Uh another 9 11 whatever it may be whoever thought of some stupid virus was going to come out of nowhere you know, so anyway Fortunately for us. We got a job a lot of people don't fortunately for us. We're making money in trading Fortune for us. We're glad that we're here. So listen like I tell everyone's no better time to be in it than now But there are a couple of stocks I do want to bring up I don't need to go through all of them because you could you could figure them out all the airlines jet blue Um is is gapped up. You can see it's a double bottom UAL actually looks a little bit better than that one. Uh jet blue that one's trending up a little bit nicer That one's doing really well aal that one also that one's probably the nicest one of them all Remember 10 was a major major support level when it broke 10 it had some major issues now it breaks 10 It's it's up on a uptrend a little bit more So American Airlines, you know, look once again, you know, I don't disrespect American Airlines I don't know if anybody here works for them. I don't like American Airlines. Okay. I flew them Once a terrible experience. I flew them again. It was even a worse experience Um, and it was so bad that the plane I was flying on had the little cigarette Things on on the handles. That's how old the plane was But doesn't mean I'm not going to trade it. I still trade it make money. Why not right? So One thing you learn as a trader, please don't If you don't believe in their values, you don't believe in and the company, whatever it is Listen, if you know, this is not they're not investing. We're trading But American Airlines, you know, uh doing pretty well. My favorite is obviously Delta Delta taking a big hit coming back with delta musul. Now you guys know this spirit is exactly the same You know what my wife told me that ken and she said she'll never fly that airline again and You know, I mean, I don't know. I hear good things and bad things, but you know what? You want to fly to florida for 15 bucks. You know what I mean? So anyway regarding about You know a lot of these stocks also just keep in mind that delta obviously moves the fastest You know, we've been trading a lot of these stocks and you know that This is one of the things that kind of trades a little bit more quicker than the other ones Jet blue not as fast American, you know, not as fast, but this one definitely does There was one stock that has nothing to do That was gapped up pretty nicely this morning I don't know what happened to this one, but I thought this one was going to be an interesting stock It was up almost like 90 3 million shares traded got great iceberg orders on the right But now she's starting to pan out. I don't know what happened with this one here Uh, I might just scratch it off. It was just moving up so nicely in pre-market and all of a sudden now backed off Now you so those are really Going across the board. Oh luv that one There you go southwest airlines. Yeah double bottom. You could see that right there They all look exactly the same. Okay, if there was an etf on airlines That's what you basically would be seeing But um, but anyway, that's uh, basically, you know, we got a good market. We're up about almost 800 right now I would wait listen what the way I would play this out going into the open Is that I would try not to buy anything Wait about five minutes. I think you might get some profit taking going on But unless you got a good position biggest most important thing you guys got to remember Please put your limit orders out there Now if you're not part of ctu and you don't know what a direct access broker is Is you basically could never even put a limit order because you'll never get filled, you know In a way of knowing that you're going to get at the price, you know as a direct access broker but um, but You know for people do have direct access when you put a market order Remember the most important thing that we train you In the beginning of the year Actually the beginning of the classes is you got to make sure the stock has the first t tradeable Remember the three t's tradeable trend and trap. Okay, you only get suckered in Want to know what the trend is but the most expensive part of the trade Is is the spread so you got to be careful of that because buying a thousand shares right now L u v at and if you can get it there's only one share 100 shares at 34 19 If you're wrong and you had to hit the bid you're gonna get out 3407 maybe in 34 and boom you'll lose 150 dollars in the blink of an eye. Yeah, you know what I saw that too on Julie. Yeah tops is moving pretty nicely um You know once again, it's under under a dollar. So now we're doing pennies of stock and then also, you know You know fractions of a penny but tops. Yes, I saw that pop up on the biggest percentage gainer up here on the On the most active list on the hot list But uh, but there are a lot of the stocks in here you can keep an eye on and this one's also Moving pretty nicely a lot of volume of 36 right now of four dollars not terrible But I don't know I saw it go up and then just kind of the kind of flat line So I'm like I'm not really excited about it Talk made 40 cents in tl r. Why right give him a round of applause Nice way to start the morning All right, everybody listen. Good luck today. Happy trading We'll put these on a watch list. Just keep in mind Not everything. Um, we're always gonna find new stocks that will open up You know, could this be the bottom? I don't know we need three to me personally. We need three winning days Uh before people start reacting Listen, you heard as a new stimulus package might be coming out for another trillion dollars That's only good and as long as the numbers of the death tolls keep dropping on the stupid virus Uh, that's going to change things also. So that's uh, let's keep an eye on it So swing trading could be actually be a good thing right now So, you know, hopefully you guys are free and a lot of cash a lot of money to be made right now Like I said, it's been over 12 years since I've seen something like this and now they're predicting This is actually more of a catastrophe and more of a rally than the financial district of financial, uh Catastrophe we had in 2008. Good luck. Everyone happy trading and if you're new for your cyber trade university Like we always say just look listen and learn. Please do not trade anything. We're trading Make sure you talk to the education advisor. That's part of your package what you're getting here You know, you have to kind of keep it, you know, know what's going on to make sure it's for you because listen It's not for everybody and like I say that's okay Good luck everybody happy trading and we'll start commentating in the room in about 15 minutes once the market opens up