 All right separate traders welcome on back here this Wednesday December 8th shortly after 2 30 p.m. Eastern time and of course this time of the day welcome on back I hope I didn't wake anyone up in the process here for our afternoon meeting great to see Norman Brian Mark We have you day adjoining us here live Jeff and Michael as well great to see you all Bill says you did well, hopefully not too much Hopefully I didn't start all any anyone too badly there But of course if you're joining us back on social media Facebook live or YouTube welcome on back as well So, you know, hey, we don't have class this afternoon I do have a coaching session to attend to at 3 p.m. Eastern and we do have to talk a little bit about Bitcoin today Small little, you know retracement backup trying to at least But otherwise it's been a really volatile day really active day across the stock market You know it seems like the S&P in the spine particular trying to push back up right now and break a new high So that could be pretty pretty nice for us here heading into the final, you know 90 minutes here But otherwise we'll go right from top to bottom this tradition We'll see what else is out there going into the market close the PPSI stock right now on the screen to begin I know a couple of us jumped into this stock as it was initially beginning to break out It got halted I think even and then when it reopened up it ended up shaking around a bit I was able to join little late to the party almost scalped it to a degree But got in right off 11 out under 11 70 and from there ended up just completely dumping back down I guess it pushed up first, but then completely crashed now. It's like pretty flat So this PPSI stock will find it on the gainer side up 24% We're not going to put this on our main watch list right now I don't think at all really you know unless this makes like some crazy Hail Mary pop at the end But otherwise, I mean hey a familiar name at the top of the gainers list otherwise not the PPSI per se, but That was about but I say Up over 100% today You would like to think with this stock just you know breaking out day over day and for how much this stock was trading back last week You know is a $5.64 cent stock You'd like to figure it's gonna be breaking all-time highs just looking at this parabolic move I don't even know if this is parabolic. What's like the next level above parabolic? Whatever it is. It's this so nonetheless, you would just figure it would be breaking all-time highs, right? Nope Not all-time highs so we are talking about this earlier inside the cyber group room Just the fact that this stock does have some historical historical resistance Namely off of 3035 this was back from 2010 2011 right around 35 little above and Then right here back from the end of 2014 just spiked all the way up to a high of 2625 So all of those price levels could be you know a pretty strong historical top Then alongside that you would just assume naturally, you know these decade number and a quarter century number levels like 20 and 25 Those would be some pretty big volume based levels as well So for right now this stock ended up Well, we zoom out a little bit more ended up beginning to build up pretty nicely held essentially under 25 and from that point Came back down pretty quick Generally it kind of broke under 20 held under that price throughout a good portion of the afternoon and just now Actually prior to 2 p.m. Did it just break back above that price? I feel like it's more likely to pull back down again They're just giving it to overall volatility. I'll put this on our watch list That said though that doesn't mean that every one of us is Experienced enough to trade this on a lot of shares and I I don't mean that in like a disrespectful way or negative connotation I just don't want you to blow up your account on a stock like this because it has such a fluctuating Spread and in order book, you know, we're gonna go over a couple of other stocks that look just as good that are really liquid That provide, you know, perhaps as good of an opportunity to make some money in the market, but are a lot more liquid It's easier to identify where the big iceberg orders are right now The stock's testing 21 and there's like barely any shares on the offer right now So, you know, what does that tell you tell you that there's not really much going on out there on the order book It's a very volatile stock, but you got to be very picky and choosy with this with this trade So for the meantime, I'll put this on our watch list You know in hopes of this beginning to build up right from here and for another run back up But don't be surprised if it comes back down towards that 20 level later on All right So one of the other stocks that I was referencing that are a lot more liquid, you know Consistently tight spread filled in volume out there across practically every price level on level three Efo I now this wasn't necessarily an easy trade at first This stock was just a chop fest out the gate ended up popping out the gate from that point ended up chopping around When I say that I mean hey if you follow what we teach in class in phases one two and three If you follow what we teach in traders talk or weekly workshop here in the cyber group room You know, it's just the same rhetoric the same lines my best entries to buy a stock are directly after they break You know, you know, you know the sayings right for all this time. I'm not gonna make you go through that again It's just to say this though on this Efo I stock it became a chop fest at first it broke above four You know full spreek at first, but then it made the real pop after hey You'd like to think the first time it comes back down to that sub that that you know level it should be support Resistance becoming support first attempt here. So if you're following that rhetoric is actually a pretty decent trade initially Unfortunately though from that point though it could tease you it ended up beginning to snap and break lower So you would assume that this run is done, but it really wasn't it just gave us another opportunity Broke back above four not once but twice even probably like a third or fifth time there But with the lower highs you should know what's coming Lower lows. So this thing ended up trending down pretty beautifully on my five-minute chart. You could see You know, maybe you can try and connect it right off the exact highs I like to try and connect trend lines off of like Consistencies so you could see at least, you know, this line represents just where this stock is touching these highs quite often Right even from the top here little false break here false break and a tanked here. You'd expect it to hold Here's a false break. I jumped into this trade prior to us starting the afternoon meeting right off of 320 319 actually was my entry price and Unfortunately I chickened out and I ended up getting out prior to us beginning the meeting and you know It didn't even stop me out. I just hit the close button. I figured oh, no It's not gonna make this move that I wanted to make I'll tell you I mean a pushed up a little bit I missed out on like what like 10 12 cents I was getting a little antsy here when I was beginning to go over this move But now as I'm talking as this is trading it's pulling back down So I do not think this is going to continue to hold. I think this will fall back down under the trend line I think it will continue to tank kind of reminds you of the SYTA stock from yesterday, no Just 24 hours ago so You know with that in mind I'm happy I got out where I did I didn't lose a dime Just you know better to get out where I did there then hold on because it only looks like this is just gonna keep dropping All right PPSI I guess you know jump back to I said I was giving it back to this at the end But you know for right now trying to hold over 10 give it one last look there. I RLX now this stock just full transparency. I am long on right now. I've been long on this trade since I Typed in the trading room here just about 10 minutes ago probably Said it to 17 Eastern time looking for RLX to slingshot to five Hey more often than not when I'm making call outs. I'm in these trades especially especially if it's something as liquid as this So, you know at that I still have my stop set. I'm not out of the doghouse yet We're not out of the woods on this trade yet, you know, it really needs to begin to pop over this 490 I thought it would have done it sooner sooner than now So if it's not gonna make that move Then perhaps it's gonna drop on me. So I'm in this trade. I'm very comfortable in this position right now I have my stop set right under 485 So, you know, if it ends up dropping as we go through this meeting so be it but nonetheless It is shortable. So if it's not gonna break higher and if it craps out and breaks below support that that could be an interesting play But for right now, obviously, I certainly hope that doesn't happen All right. Now, let me jump back from the monthly chart here You can see RLX is a fairly new IPO that's been smushed over time, you know, hey, perhaps a potential short squeeze So, you know, and if the stars align this could blow over five and really get going So we'll check back in with this at the end for right now This at least we'll we'll keep on our list. We'll put this on our watch list here for the afternoon Full house resorts. I don't know if it has any connection with the show. Nonetheless, FLL It's only trading about 2,600 shares per minute. So it's like crap volume right now It's not really a whole lot that I would want to say Roku's up 19% I'm assuming that's off earnings I don't know if there's any sort of like crazy partnership or deal they landed Honestly, I was quite ignorant to the news this morning. So nonetheless, if you're in Roku's a swing or doing calls of them You're up big congrats, but obviously is a day trade for Roku at $257 stock little little expensive All right, so we'll keep it going. We'll keep it March. No otherwise right now folks Hey from Angel on YouTube welcome aboard So on the PSFE trade at least, you know, hey, this pushed up pretty nicely for us this morning nice run and also a stock That's very liquid. So this could be a decent move for us heading into the afternoon For as much as this pushed up You'd like to think when's it going to begin to reverse or pull back or drop off Well, perhaps I was just right there going into 2 o'clock where it topped off at 440 You know, certainly it's a lot closer to the highs than it is towards where it had opened up So with that plus it's actually trying to inch up here in front of us I don't mind putting this on our list here. Give it a shot the PSFE again See if this can keep beginning to push up higher. It's also short of also much like, you know, RLX same rules apply All right, we'll check out the crazies. We'll check out the crazies like BKKT. We'll check out the Dwhack trade Just all sorts of out of whack This BKKT, I mean lower highs. I mean I saw Andrea mentioned going into the early afternoon He was looking for a short. It's not easy to borrow my platform I know he's on quest trade. So, you know for him He's looking pretty good on the short trade for BKKT But nonetheless right now not a whole lot happening otherwise like kind of thin volume out there in the book The Dwhack stock roll, you know, pretty familiar with this trade at this point ended up making a really nice pop Going into the mid-morning took a while to get the you know gears going as I say on this trade But ended up making a beautiful pop from 50 up towards just about 63 64 Check it on fun PHUN because you know fun trades with Dwhack, you know I'd say the same on Dwhack as they even said on Roku It's too expensive if you want to personally trade Dwhack that is your decision But for us here, you know funds gonna make the same move in terms of just overall direction And if this has you know a lot more filled in of an order book, and it's just about 20 times cheaper. I would definitely rather trade this fun stock So PHUN, I'll put on our list the Dwhack, of course, we'll go with it Or if anything this will go with Dwhack and we keep it going CRDF, is that the highs? It's only trading about 1300 shares a minute though. It's like really bad Towel, you know, we're pretty familiar with the stock here too. I like the fact that it's at the highs It's holding really well, which is impressive. So that leads it I think that there's a pretty decent chance for this to make one more run up The volumes really dropped off since even one o'clock in the afternoon You know showing some signs of life a lot of buying with it, you know there But really weighing down from that point. So, you know, that's the only concern But again, you know, it has a good order book. So I like that That's the that's the selling point to me on this trade. So we'll put the talus stock on our watch list. We'll check in with Got you Check out EDU. These are all the Chinese education based companies That ended up getting crushed back like three four or five months ago You know, I know the China government were looking to make these companies go nonprofit That's that was the headline at least that came out So, you know, all those stocks got ended up getting crushed like 68 67% that morning And it's a nice dead cat bounce opportunity, you know, if the stars could align. All right, so see what else we got Newsy had a big spread earlier just gonna skip over that for right now a few folks feel like that's good That's a good trade. Then let me know Out of all those education stocks the talus the one I'll go with the others might go with it But this one seems to be like the most lively Strongest near the highs. All right, we'll hop over to the loser's list See if there's anything looking just as good if not better and we'll just kind of Open this up a bit here Go All right, so stitch fix I was looking for a drop here a lower low right going into one o'clock I ended up taking a 4 cent loss happy. I got out where I did shorted this rate from 1921 out at 25 Just a really conservative stop and thankfully, you know, it's just like I say if it's not going to make that move And you in your direction shortly after a big level breaking then It's gonna go the other way I didn't reverse and go long mind you but you know here right now It looks like this is trying to make one more leg up It's trading good volume per minute even right now It looks like you know a lot it was training a lot more from earlier in the morning But for right now, I don't mind giving this a look It's just lacking direction for right now like just over the last ten ten or so minutes Generally from like the early afternoon. It's building up pretty nicely So we're hoping for one more pop but really from like 230 to 25 Eastern onward Just been kind of building almost like a pennant even here Put this kind of on the bottom of our list Just check out court some of the others I skipped over art D us didn't I I don't think I meant to Court here looks like it ended up making a nice run up just before But it leads you to think at what points does that begin to pull back or begin to top off So that might be that might be on its way back down the art D us trade It's actually pretty darn close to the lowest lows of the day Shortable so that I like is this at all-time lows might be So I get all-time lows Just really quick. I'm just taking a little extra time just to find out Yep, that's all-time low territory folks. This truck goes back 20 years and this is the furthest it can go back So 746 is technically the all-time low back from when it first was an IPO So technically hasn't broken that low yet, but it's getting close. It's getting pretty close It's interesting at least so even if this doesn't make a move for us heading into the you know final hour of the day I it's interesting enough for me to just keep an eye on Shortable at the lows of the day today. It's getting close to you know, all-time lows here So just we'll study it. We'll see how it goes. I mean markets back up near the highs again So I wouldn't expect for there to be a whole lot on the loser side right now Even when the markets were you know kind of beginning to bounce there were a lot of stocks at the highs You know AAL CCL space all those sideless stocks actually had a pretty strong morning here today thus far It's like AAL pulled back Practically going into the early afternoon CCL was holding flat under 20 but started to drop back down. I would assume the same to be said here Space was the strongest ended up making a nice run up throughout most of the day Patrick says PPSI at 11 and that was probably from from a minute or two ago Yeah, nice run back up on this. So you know what gave it a second look or a third look Yeah, this to our list It's proven itself and if it if it completely dumps off from here Then that would be just be a pretty disappointing But you know, obviously since we last left off on the trade You know ended up moving up pretty nicely and this might be the beginning of a higher low in buildings So we'll see where this goes from this point Mike says CCL is a gap fill on the daily chart. Oh, it's interesting Bill says Roku did a deal. Oh You know what I if I've been zing up up in time and I will check right now and I Legitimately can't find it. Oh, there it is. Alright, cool Let's take a look once check out for anyone that is ignorant the news like myself on Roku just for fun We'll take a look on Benzinga Pro or at least I'll kind of relate to you folks here So Roku shares spike $15. Obviously, this was from pre-market nine o'clock in the morning Google had have entered a or the company Roku and Google together entered into a multi-year deal extension All right, so it's an extension for YouTube. That's it All right Interesting to know obviously we're not gonna trade Roku, you know heading into the close, but All right, what else you got for me folks If there's anything else up down left right more than 5% just type it in the chat board or anything that you see That looks pretty strong that looks pretty good heading into the afternoon As you look to do that I will quickly and there's not a whole lot going on on Bitcoin So I really mean that quickly just kind of throw up to the Bitcoin chart and Really, I mean that you know We last left off right here is beginning to try and pop from my you know white trend lines that I last you know Had up here broke the original one and then I showed you these ones after just you know a longer Trend line back from even 2020 back from the beginning of the pandemic So it dropped back down there and from that point it's starting to build back up That's all I got for you here So over time the hope is to see this begin to explode back up I don't think that will be today tomorrow, you know Friday if it is God bless But you know otherwise here the hope here is to see higher lows higher lows leading to a higher high I'm sure that we're gonna have a little fight here at the 500 EMA on my six-hour graph Alongside just this level here that was holding pretty nicely whatever this is is that like 53 7 just about 53 700 roughly I'm sure we'll have a little fight there But then over time the hope is to see it begin to test this trend line begin to snap back above it and run All right All right from Brian and Norman already saying a stock on our watch list beginning to move up higher fun Yeah, there we go. So no need to go any longer folks. We have a good list Going into the afternoon in total two four six seven and you know what We'll kick stitch fix off. We'll get that out of there. So just keep it at seven for right now All right, folks. So aside from that for all of a sudden Facebook live YouTube I appreciate you sticking with me each and every day each and every afternoon I try and type my email address here on time But if you have any questions feel more than free to send it on over to Josh at C2 trading calm Otherwise if you're ready to make the plunge join us live here inside our live trading room Feel more than free to do so by going right down to the link on the banner below Just to get yourself started for all this there right now Norman Christopher or Chris. Otherwise Michael Patrick all of us here. I'll talk to you folks coming up at 3 30. I'll be back on right at 3 30 eastern time Going into the close. Take care