 All right, cyber traders welcome on back here this Tuesday, May 2nd shortly after 2 30 p.m. Eastern time welcome on back here for our Afternoon meeting that's great to see all our students and members alike inside our live trading room Chuck and Brad most recently here with us Kevin just a moment ago on the stock CJ JD Great to have Alex with us here and perhaps all of our students rejoining us right now We got class coming on up ahead folks the phase three stock course the advanced trading class with Fausto So with that I know that he's excited looking forward to joining you folks in class there We'll post the link for class coming up pretty shortly from here, but right now I mean hey Brad was kind of just asking here on our chat board. Hey M. I am with a question mark You know, hey, you turn your head away from one for one second and you look back and all of a sudden just there's a new stock Exploding up near 300% now I mean this thing just completely blew the roof off the place off of four bucks seemingly or five bucks once it cracked higher You know, hey right away. We'll put this on our list, right and new a new Contender has entered the the playing field here M. I and M Now obviously at this point for as much as it already pumped up I would expect a pull back or at least higher lows to begin to build So it happened yesterday just on the GDC trade, right? So roughly around 627 ish and I'm gonna raise that up a little bit there to Compensate for these shakes. I'd say around 625 to 650 Ish very loosely speaking at least as a potential historical level So just keep that in mind, but definitely I'll put this on our watch list. Just you know out the gate Let's go from top to bottom though We have a bunch of other stocks that were up big or could still be near the highs right now And we'll see what else we could at least put on our watch list here LXE age had charted this from earlier actually out this I haven't checked in on this trade really since the morning hours After the market opened up this completely took off I did not jump in because I was expecting a pullback down to this yellow line at 118 I took my eyes off this thing across the whole day Trust me and I tell you this is my first time looking at it since this broke below my line There fell all the way down towards the whole number right at a dollar and then just bounce back up a bit Is it possible for this to retrace back up to 150 or 135, you know quick little 15 20 cent plus gain? Maybe I just feel like this stock has moved so much already traded so much volume already This is like the second wind type of bounce. We're getting right now. So how much more could we keep expecting? I'm not expecting too much if I'm wrong with that. Yeah, that's fine I'll let it be so maybe I'll come back to this if you really need to the LXE age But for a stock that we've never really traded before a pop and drop stock It seems like I you know look for this to make resistance year-round this one 18 Same to be said our ended up dropping off earlier today We traded this pretty nicely in pre-market, but it failed to make that Continuated pop off of 550 and 6 so no I ended up dumping off leading into the open afterwards and you know ever since just kind of kept Pulling back so you know talk about a gap full opportunity even if there's a little historical level here right around 250 ish 245 ish There's not much stopping it from continuing to break lower, you know after that so You know, I would kind of write this one off maybe come back to it tomorrow if it's really pushing back up again, but Same to be said here TIRX former runner in the past what goes up comes back down. So All right, I about this little intel I'm getting right now for our gold students and up like Alex Chuck Etc. Alan Amy Carla Carol all of our members here Hey, I do it live folks. I just got the hot tag from the man himself Max can be teaching the phase three class myself Hopefully Faust will be feeling better come tomorrow, but with that I look forward to it there personally How about that there? So let's actually try and finish this meeting there. Make sure I'm prepped up personally I am TX nice little bounce back up. Perhaps you could say with the market as a whole very similar retracement actually This is the CJ JD So I personally didn't have much focus on this trade heading into this meeting I know Kevin was calling it out and I know Kevin's had some good call out So I'm sure he was focused on a good trade. I've got a couple bowling pins in the air here today I'm juggling through so trying to make a couple of videos for YouTube before this meeting started I didn't really turn over to this trade at all. I like it. It actually looks pretty interesting tight spread good liquidity So definitely I'm gonna put this on our watch list Kevin could call for right now Hopefully he took part as it ended up shaking down to a dollar back up towards the highs here You know, it seems like there was a bit of a resistance roughly around 120 I'd probably even treat this every five cents as a potential level. So 120 to 125. I'd say there Verb the VRB ended up leading to a nice pop just like live right now. Hey 230 big pop here Big spread for the stock price. So that I'm not really too Particular about if it could flip this 265 loosely here as support then that's something else, you know, I'll consider I'll put this on our side list. I like the afternoon pop But we'll see where it ends up in the next five or so minutes All right, we keep it going your folks leju not much there A g a gba tongue twister stock I know I saw Chuck call this out as well earlier himself But you know, hey, it's got a bit of a spread here right now It might look like a penny here live But what happens when these 943 shares get filled or pulled it's going to open up It's just very thin outside of what we're currently looking at here at the spread More of an afternoon move, which I do appreciate You know, I'll put this on our main list for right now. I'll give it a shot See if there's anything looking sharper on the way up even msg I'm not much happening there Nerve same here. I guess you could say this is at the highs This stock has a big gap to fill it seems like back from last year I recall that ended up making this big squeeze up big squeeze back down Uh, so hey if the stars align maybe across this week, this could be an interesting trade But not really as much if the spreads won't contain the order book won't fill in Remember folks for currently in the middle of the Fed meeting started today ends tomorrow So this has been a very volatile market market just given a you know pre Fed meeting Normally, you're not expecting much traction up or down across the market So to get the drop off we had today was pretty impressive to get the uh, you know retracement so far has been pretty nice to have You know, it's not like workhorse here. WKHS perhaps moving up on its own accord A little slow so maybe not as fast as what I really want But it's at the highs this stock we've traded in the past back from the last year and a half two years It was an ev company or is an ev company I think they were affiliated with this whole contract with the us postal service I think that obviously ended up going under water just blew up that deal Stock got crushed over time could be a potential short squeeze with all of that in mind there So yeah wkhs at least for the meantime, I'll put on our main list Got ride moving up with it clsk another uh, ev type of company here Clean spark this one's at the highest too making a push right now as we're talking So it's hard for us to ignore this at least clsk if I put workhorse on there and this is looking the way it is I'll add this Got uber. Hey really good trade coming off our weekly traders talk workshop Which we conducted earlier inside our live trading room 35 50 folks been screaming it out loud So ended up taking profits on this trade a little earlier as it pushed up towards 36 50 I just took the money and ran I figured it was going to pull back down a little bit and chop around It's been holding pretty well though near the highs. I thought it was going to dip off a little bit more Probably haven't come back to 35 50 during this meeting Well, I was wrong with that probably so yeah uber right now is still holding near the highs Definitely a great trade for the uh close Definitely put this on our list. All right. So so far we got Six stocks to work with actually a pretty decent list, you know a couple cheapies in there with good spreads We got uber, you know more of a name brand company perhaps but coming off earnings. So You know a lot to work with here Geez gdc's down 83 percent right now from yesterday's close. Are you kidding me? Folks, I swear to you. This is a live raw reaction I did not know that this was down as much as it was because I didn't care to look I'm only trade these stocks day over day unless if they're proving themselves in terms of the trend So we lost track of this way early this morning. I mean it got halted a couple times down Richard here giving me a little intel in our trading room right now saying they announced an offering Well, I'll tell you what Richard. That's the first I heard of this. I didn't care to look But I'll tell you that's the least surprising thing that I've heard today For a stock that made I think it was a plus 30 100 percent gain from the last two days all these like stocks will eventually do some sort of You know direct offering common stock offering. You don't know when it's going to happen either It's just you know that it's pretty imminent after a like a big pump up like that So the fact that that's the news Richard definitely does not surprise me It's actually the fact it's down 83 percent from yesterday's close Yeah, that is a hell of a big drop So, you know, I hope uh, nobody held overnight. I hope nobody held on to this trade throughout the day If you did Well, unfortunately, it's a hard lesson learned right And well, hey check a stock that is down. I mean I held a lot too like nearly 50 live right now I'm not in this trade now. I missed my opportunity as it rebroke under 9 50 from the morning I took some money on a quick trade at the open on this as a short nice trade You know from 9 30, but then it started to retrace up. It got a little hairy But now hey, it's it's proven direction pulled back It's flattened out across most of the afternoon here, but it still looks like a good short So check breaking all-time lows. I believe that is uh, shortable on trade station Yep, it looks like all-time lows. Just want to ah, not all-time lows. All right, so I stand corrected Not all-time lows. Maybe I was thinking of another stock So either way, we're going to put this on our watch list, but I do stand correct. They're not all-time lows. In fact Warning here folks. This is actually at some pretty historical level right now right off of 875 ish 880 ish You can just loosely say 871 885 877 884 yeah, I'd kind of just say right there around that 875 ish 880 ish area That's clean. I'll I'll keep this on our list, you know Hey, if we could break below there, who knows how far this could drop off into the close So, you know potentially great short set up here, especially if this could smash lower below the support All right, cyh actually shortable the stock is today dropped off after the market opened up Uh, a bit of a nice trend to work with but I feel like the check could be better I feel like there could be better trades on the way up perhaps with the market Uh, I mean pack w made such a big drop off earlier today A lot of the regional bank stocks took another big hit with uh, first republic down and got you know halted off the jp morgan So key bank down big today that could be a potential short just the fact that pack w is so flat here though Actually, you know, uh, maybe that's more from a zoomed out look, you know, you zoom in a little bit It's actually on a nice Steady consistent downtrend So I wouldn't look for that big 50 cent dollar move, but you know what actually I do like pack w I like this one and we'll put key bank on our list too Uh, zion a little more expensive, you know down as much perhaps I mean, I'd probably be more interested in pack w and key out of the two there Uh, western alliance another one, but that one's very thinly traded not a fan of thinly traded folks So, you know for right now given the price and liquidity. I like pack w. I like key bank Both those will make the cut Pack w that reminds me pack b This is the only trade that i'm currently in right now folks I have a stop set at my entry price and I actually chased this a bit But I had my my line set up on this trade heading into the market open even I didn't trade this at the open, but I had my line set up So across the afternoon I was flipping through my You know my stocks my side list and I ran back into this Well, it was already over these two lines here and I thought well since it's re breaking over I thought there was good chance to see this run up higher Uh, probably could have gotten out off the doji that I had set up off 1158 But uh, you know, hey, this could be a good side list stock to work with I'm not going to put this on the main specialist just yet, but it has good liquidity It's at the high of the day. It's a stock from yesterday afternoons list about 24 hours ago So I'll keep it in mind maybe just uh, if nothing from the main list will make a big move initially All right, uh folks, let me know work together as a team here Let me know if there's anything else up down left right more than that 5% that we typically look for I have to readjust rather quick here teaching the phase three stock worse class lined up at 305 eastern time folks For being honest with ourselves here. I thought there is like a 10 chance that get the hot tag But I'm not fully prepped up either way. I got to make sure I'm good to go So let me know if there's anything else we should be good. Otherwise we got a good list here to work with So we got two four six eight nine stocks to work with don't need to make too big of a watch list now at this point Verb is the only other one I'd said I'd come back to and at this point. Yeah, we're going to add this to our list So that'll make 10 Nice. All right, cool. So this re broke over that resistance at 265 made a huge pop actually off of it afterwards Uh, we kind of came back to the trade as it was pushing back up towards it here So clearly 265 actually flawless flawless support Boom beautiful catch. Did anyone hear like leta or richard alex or felix or brian barber anyone here Jump into this trade off that 265 I'm just asking out of curiosity if the answer is no, we got plenty of time left folks Got plenty of time left. So I always like to ask just to see if anyone caught it We were calling out live big level off that 265. So Richard says the m i n m trade does not want to stop All right, we'll take a look at that already on our list. We are talking about that initially Wow, what a pop-up this is having here I mean, it's getting to a point where the spread's just becoming untradable, right? You know, if this halts coming up here, then we'll see what happens off the reopen But uh, I would definitely say that 10 would be just a loosely Or loosely psychological level to follow as far as like a chart level maybe, you know You kind of use this overall range here as a potential support But you got to be careful given the spread once this reopens up. It's going to halt coming up in a second Ah, steve. All right, steve took some money steve steve got out He got up before the pop here, but he took like, you know, nearly two dollars a share So you can't go broke taking a profit steve, right? We're not trying to play powerball tonight everyone if you're here for powerball Well, you're probably going to keep on losing you got to take the money and run like steve did right there So that's a really nice trade from steve. Congratulations to him. Very nice All right, folks. So with that, hey, we're going to finish up right now I look forward to seeing steve later and all of our students live joining me joining me in class coming up Maurice asking here on youtube right now. Just hey, what was the stock at 245? Or i'm sorry 265 he'd asked that was just the last one we had mentioned a moment ago the verb He'd asked that just a couple minutes back there. So The 265 level is what we are commenting on live. That was from level three here the volume histogram. You're kind of sharing at the time All right. Well, hey from Maurice or any of our members on youtube or our social streams joining us here today Hey, we appreciate you folks joining us each and every day for myself each and every afternoon Any questions that you have feel free to shoot me a quick email Josh at CT trading.com is my handle always like to post that at the end of these streams here Feel free to shoot me an email if there's any questions or trades that you'd like to go over But otherwise if you wanted to continue the audio commentary inside our live trading room Whether it be today tomorrow or anytime this or next week Just go right down to the link on the green banner below just on the bottom of the stream there to get yourself set up and started But otherwise though for charles richard later dan steve once again Congratulations to steve there in that trade. Look forward to seeing most of us in class coming up folks to talk to you all soon