 All right, folks, good morning and welcome on back here this Wednesday August 2nd shortly after 9 a.m. Eastern Time Of course you could tell by the mug the ugly mug here. It's not Fausto. Of course Josh Love a 10 tagging in for Fausto here today. We'll be back tomorrow I believe just as usual great to see students like Phil Brad Grant Sam Michael John We had Rubino just before Kathleen Leda Egan Patrick all of us just joining us right now I'd tell you what markets were falling off heading into the post market yesterday some news came out Let's talk about that. We'll talk about what's ahead here for this morning So great to see all of us there great to have all of us back on social media Otherwise though Facebook live LinkedIn Twitter YouTube, etc So a couple housekeeping notes to begin Fausto will be back tomorrow We had an open house scheduled for today. So we're actually moving that to tomorrow If you're a friend of ours on YouTube right now, just stay tuned We're gonna live stream that just tomorrow at 1 p.m. Eastern Time if you're not subscribed yet to our YouTube channel Hey, do that just right now click that red subscribe button and also be a friend Tell a friend just make sure to share that with all of your friends and colleagues coming up for tomorrow at 1 p.m. Eastern but with that said I got crappy lighting here in my home office right now Let's try and make do with that as well. But no, hey, I huge Huge e huge. Hopefully this can make a much more huge move. That's obviously bad Bad a word play there But obviously ended up making a nice little pop to begin pre-market lower high though since in fact There was a bit of an iceberg order at 152 just up until a moment ago about 15 or so thousand shares So generally speaking it was you know holding under that making lower highs from it and for now pulling back down a bit So, you know what? Hey, I'm gonna put this on our watch list just to start huge But hopefully we have a sharper trade moving steadier on the way up just by the end of this meeting So, you know, we'll go over a couple of other trades that we end up getting from yesterday in fact too so I know a lot of us did pretty well on a few different trades the quantum and Superconductor stocks that are starting to emerge So QBTS ended up making a small little drop-off, you know when the market had opened up But it was the result that ended up mattering most where it ended up bouncing and then from there running up just about 60 70 cents Topped off at 270 this stock is definitely on my side list here heading into the market open It's not on the main watch list just yet But you know if all these quantum and super computer stocks, I've been all over AMSE back from Monday of this week before it popped 60% This isn't looking as good here this morning is along. So, you know, hey It goes back on the side list once again AMSE But that QBTS was a great one more from yesterday. In fact, that was a steadier trade across yesterday during the day There were a few more though, you know, we had the AR QQ stock similar quantum is in the name, right? So, you know any headline that comes out nowadays with you know, LK 99 Superconductor quantum physics, you know, you're gonna see a bit of a pop right now. I feel like that's the next big wave That's the next big hype. So even dating back to mid-July a couple weeks ago, but AR QQ What else did we get? What else did we get our GTI? That was another one We're Getty computing so I assume that they're tagged in with them as well But for a cheap stock like this to make nearly a dollar move from bottom to top It's pretty damn impressive and it's been on a huge tear like I said even dating back to before two weeks ago, but you know For as much as these stocks pump up, you know, eventually they're gonna fall back down So you do need to be mindful about setting stops you need to be mindful of saying hey If it's not gonna make that big move on the way up There's only one of the way it's gonna go right trust trust the cyber clock Just like we always say around 10 15 10 30 that's typically where you expect reversals to happen So you need to follow what happens much more often than not right? That's gonna take you to the promise That's gonna take you to profits, right? So with that that's basically the focus for today, but you know I want to see if there's anything looking better though just across the gainers list You know again the news that came out overnight or from yesterday afternoon really was the fact that Fitch ended up Downgrading the United States from like triple a to double a plus. Yes, if I know what I'm talking about there, right? No, really, I'm not as familiar with Fitch like world country ratings like that on a long-term economic scale So for seeing that myself obviously it looks like a bad headline. We had a bad reaction across the S&P in the Overnight hours and the futures but with that though I mean, I feel like over time we could begin to build support pretty soon Perhaps we could see a sharper recover here over time even by the end of this week by Friday So let's see what we can grab here from top to bottom Meds so even if the markets continue to stumble off doesn't mean that everything's gonna go with it So if it's like a smaller cap stock or heck if it's something just you know pumping on news of its own Then you know, like we said with AMSC and these super super conductor stocks Once more people catch on to it If there's enough momentum for it to really go against the grain then we'll try and trade it This obviously is pushing up really well so far in pre-market stock ended up popping back from late June for like five up to 20 Nearly a 400% run at that point. Yeah, there's a gap in between there But you know, there could have been a great pre-market trade there at that point on that morning Was that back from June 26? But for right now at least hey histories repeating itself either way MEDS definitely to put on our main list Definitely mindful of the dump off after history has a tendency to repeat itself So, you know, if this ends up just tanking when the market opens up and fails to build support Then you got to move on to another trading Ahi so this is also one that we're very familiar with you could just see back from late June as well Pretty similar timing looks like a healthcare stock But you know a bit of a new bit of an a pop early this morning Let me just take a look to see what the news is on this one. I didn't care to check earlier on this trade So a hi circuit breaker back from July 20th, that's a little while back from now There's no real news headline that I have on this trade There's no real crazy headline out on this trade So it could just be high short interest stock lower float stock at that too and the combination leading to a nice pop here So far Yeah, definitely. I mean how could not a hi actually gonna put this on on the top of our list so far It's gonna be more liquid when the market opens up order book should fill in there RBT was one from yesterday, too I didn't know if it was like with the quantum stocks or whatnot You know, I made a nice little move like heading into the morning session Then it flattened out it popped going more so into like the final minutes of the day though than the after hours So definitely gonna put this back on our list for right now the RBT Then we keep it moving Rover RO VR not doing a whole lot right now ID AI I forgot about this this had pumped up yesterday yesterday, too We didn't really call it out as much. I mean our focus honestly were on the other trade So during traders talk actually this one ended up making a nice pop like during our 11 o'clock workshop We conducted so basically once it broke the highs off of 115 112 ish there often running She went ended up moving pretty nicely there and once again popping back up So really quick. Let me just jump back in my five-minute chart here You can see and obviously have my five-minute chart here. Actually, I got my home office right now with my crappy lighting I don't know if you can see it, but I got a light right here It's blinding my five-minute chart that I'm actually trying to look at so I'm looking at this one now So you could see it did try and break the highs from yesterday In fact just off of 168 and failed. I will look to see if that can get flipped into support over time ID AI we're building up a little nice list here All right, so the markets falling off UV XY right ETF, you know goes inversely basically It's out of the markets performed like 99% of the time I should remember one time it was like a month or two ago the S&P was dropping off spy was dropping off and Oddly enough UV XY was tanking too. It was like perfectly down with the spy. You rarely get that though That's like the 1% so much more often than not when the spy drops off major indices down Azdec This is gonna go with it or this is gonna go inversely to it With that similar ETFs to UV XY that we're familiar with our sqqq I could probably keep going down the list over time as well, but these are the two that we mainly stick with I'll just keep it to UV XY for right now. That's more volatile if anything that's more bang for your buck I think Tiva and maybe Tiva came out with earnings or some sort of news this morning as I drop my pen here But ended up leading to a nice small push here in the morning. It looks like it flattened out though It's still up 6% so hey after the open. I don't mind giving this a look I'll put this towards the middle towards the bottom of our list here for the meantime Then pretty much for dipping into 5% So if there's anything else folks that looks good on the way up for all of us in YouTube social media Just type it in on chat board right now for Grant Kathleen and all of us there right now Definitely let me know too. I'm looking at the stream right now first So, you know for all of us in YouTube definitely just let me know initially and then I'll jump back to you Let's hop over to the loser side though I mean, I feel like this ADMP is on the gainers on the losers list There's a stock that probably sounds just like it that I'm mixing it up with but stock yesterday I ended up making a huge pump went from like 180 up to near eight bucks or over and then from there this morning Big drop off just early on and then much further just now my assumption is that they ended up coming out some news of common stock offering It's a simple direct offering common stock offering. I'll care to check right now. Just a Sound good. Let's say Yep, there we go ADMP announces pricing of eight million dollar public offering of five point nine three million units at a price of one thirty five a unit so Very general rule of thumb folks again You do want to keep this in the back your head because if you're holding on to a day trade Then you're more prone to having this happen where out of nowhere suddenly and hell it could be during regular hours not just pre-market like this, but You can have a massive drop and it's halted off of news or halted off a circuit breaker And you're ripping your hair out wondering why a lot of times these small cap stocks after a run-up that they make They'll look to come out some news of direct offering or common stock offering Basically diluting the stock price by adding more shares to the outstanding share account there So no for right now ADMP big drop. I'm not as interested in it I definitely wasn't interested in it in it to begin but Even more so now. I'm not trying to scalp this trying to make ten Ten cents here twenty cents there. We have better trades to worry about Xpev down big so Xpev this is more a gap down than anything though a lot of these Chinese stocks overnight They'll move of course with the China markets But for the US indices when they open up at four o'clock pre-market, it's more of a natural gap So you have Xpev, you'll have the Nios out there Lee they're all the same category Chinese EP stocks there, but you have others as well You have stocks like IQ Billy they'll all tend to gap up or gap down so when I saw Xpev down big percentage wise I kind of let that slip past me for a second and then when I turn to that's right It's not really like a steady down that we could work off a trend with it's just a gap It doesn't mean it's necessarily gonna fill said gap either You know, it's down enough to where I'll put it on our list Xpev as a potential short if the markets continue to fall off I did see Yang up big this morning, which is actually Chinese inverse ETF like UV XY is to us here with a SMP So with that, I mean hey, maybe you via maybe Xpev could be a good short Let's see if there's anything else looking better though Is it like a trend on the way down maybe a couple good short opportunities we could look into? Take a look at a stock like coin. We'll take a look at a stock like sq not really showing too much activity just yet Stock like GM stock like Ford Not really doing a whole lot so far. Even if they're down a little bit and could set themselves up for a short opportunity They're not really doing enough right now and pre-market for me to just slap on our list So, you know, hey, let me know what you got here folks just for all of us across the board All of a sudden YouTube Facebook live all of us inside our live trading room war and talking about the AMD earnings beat The expectations by 18 cents. I forgot about that so good heads up there Yeah, big activity on AMD in the after hours last night popped up pulled back But obviously a very active trade for this morning You could buy the calls on it if it ends up actually pushing off it Pushing off 120, but hey if the markets continue to stumble off here today This should be a little bit tougher for this trade to swim upstream and like really rip and run as a day trade So just be careful on that but you know what I don't mind slipping a AMD on there Not just because it's one of my favorite stocks, but it's active. It's coming up big earnings So, you know in that event you do want to follow it more All right folks, so I think that's just gonna about do it here I recall a dust and foz more ETFs. Listen, we don't really trade the ETFs too much So the UV XY is like the only one I'm slipping on there Everything else that we just try and focus on publicly traded companies Especially if you're following what we teaching class and following level 3 and level 4 if you're doing that Then you know it's gonna be a lot tougher to trade an ETF by following level 3 If you have book map if you have level 4 makes it a little bit easier much more doable, but let's focus on the ID AI Let's focus on the AMD perhaps even even if it's more expensive, you know the meds the AHI Which are at the top of our watch list for right now in health, you know that one ETF The UV XY is the most volatile. I'd rather do that if anything. All right, so I think at the end here Two stocks. I said I'd go back to the QBTS Which isn't really doing anything really and the AMSE which what it's worth holding over 15 But still like on the way down both are hard to borrow can't short them either so all right folks We're gonna wrap up your head best of luck trading going into the market open if you're not joining us here But of course if you're Ira Kathleen Grant Michael Warren and all of us here Corinna Etc. I'll be back on the mic just coming up at the top that or at the opening bell I'll say just to get things started for the full hour of audio commentary Hey, if you're joining us on social if you wanted to continue the audio with us here Especially inside our lot trading room chat with our students and teammates here like just go right to that qr code If you see it on the top left of the screen fancy with your phone Just scan that qr code with your camera get you access to a week long trial inside our lot trading room We look forward to seeing you there Otherwise, I'll be back on the mic later on this afternoon for you at 2 30 Eastern time just with our afternoon meeting talk to you then