 All right separate traders we are back this Tuesday afternoon September 20th shortly after 2 30 p.m. Eastern time welcome on back to our afternoon meeting now good to go on social media Facebook live YouTube had a couple of issues from Friday last week into yesterday so great to see everybody alike not just all of us inside the live trading room like we have Grant and Johannes and Chuck I'll tell you what it's a little slow out there right now as was the case from this morning expectedly so with the Fed decision coming out tomorrow afternoon we know these days aren't the best days-to-day trade folks right so with that great to see Ron and Alex and Henry great to see all this back on social media like I said before Facebook live YouTube so a MPX was moving up just a moment ago and I guess you could say it's still kind of holding strong to a degree but when this was moving up as much as it was from the early to mid-afternoon I personally caught this late on my scanner so when you're catching a stock late you're more reluctant to jump in all right that's normal well for as much as this is moving up where should we expect to see resistance coming off our traders talk workshop which we conducted inside our live trading room earlier this morning well we ended up just going over you know what to watch for out of historical levels there's not much history to work with on the stock it's a brand new IPO back from a few days ago even so I ended up going back and let's see if I could do it here I hope my charts didn't reset on me there we go we're good starting to make a push back up again so we'll focus on this trade coming up in just a moment but listen I don't have level four open for this stock from you know two three four days ago so I'm just trying to find a strong prior support level that could potentially act as a now resistance and I was looking right over here right around 1371 ish that's what I wrote inside the trading room at 212 eastern time so for as much as it ran up it didn't completely hit its head right there and tank it actually broke up towards 14 whole number level at 14 but if I put a line at this damn 1371 right now folks are you kidding me look at that are you kidding me with that so it ended up actually hitting it at first it broke above it did 14 but just like right now live ended up moving right back on up to that same exact price and this time now an even bigger shake down got to be careful here on this trade folks for the AMP AMPX stock listen it's volatile enough it's trading on a volume right now but after this last shake it really needs to build support from around here not just right here at 1230 it might drop down under and then back over from 12 and we'll see where it goes from that point so AMPX at least it's volatile enough we'll put this on our list just don't get caught catching the fall knife all right I'll tell you what you could probably see the same thing on an RBO this thing looks like a mess right now actually from the morning we had called it out when it was running up but like from the morning session like it has currently it's on really thin volume big spread it's like almost untradable to a great level so you know this thing made a big pot for us from beginning to mid of last week and for what it's worth dumped all the way back down you're seeing a small second wind type of move from the morning but again don't get caught trying to catch the falling knife you're on a trade like this I held it 24 if it breaks below here we could easily see 20 again or well below 20 at some point today all right we'll go from top to bottom now because I'll tell it just to put it quite bluntly with the Fed meeting concluding tomorrow there has been really not much of anything a couple here and there MGAM a moment ago which I'll talk about I just took a quick in and out but I did waste the second half of that trade well AMPX we just had a moment ago now V-Racks here you know this was from pre-market right so this was the best looker out of everything that was on the morning watch list heading into the open but it ended up just making this like really choppy move across the morning ended up making lower highs pulling back and even right now it's just kind of a no man's land it's still kind of just in that range so is it possible for this to finally snap out and become a much better day trade for us here I mean certainly it's possible I'll come back to set the tail end if I need to I'm not fully committed to this V-Racks just yet it looks ugly so if it ends up showing a lot more signs of life going up then by the end of this meeting I'll reconsider all right we keep it going we keep it moving we'll just jump ahead to the MGAM here so I ended up jumping in this trade just a moment ago a little bit earlier I was on a coaching call to one of our students David at one o'clock and at the time we were going over just a few different things it was really slow out there then so he actually brought to me MGAM and said you know hey can you just like kind of provide some analysis on this trade from the morning and you know I turned over to it I kind of stopped myself my tracks because you know we went over the morning move but it was actually like at a decent time to consider an entry so it took a little bit longer but I made that call out inside the trading room for all of us there right now like Alex and Johannes and Jeffrey and Leda you could scroll up right now yourself right around 145 Eastern time I said MGAM David and I are looking at the VWAP right at 302 as resistance so folks if my best entries to buy a stock are directly after it breaks through a big level on the way up and if the VWAP is a big level you know just to say it ended up sneaking above 3302 here leading to a nice squeeze I end up taking half my position out right at 320 as was beginning to make this pullback here wanted to lock in some profit now I ended up wasting the second half of this trade because I was expecting to support to hold a lot better than it actually did here fail to hold any support so as it shook back down prior to this meeting started I ended up bailing out on the second half my position almost break even I made the resense on the second half but it's not much considering what I was looking for it made a nasty shake back down what's interesting about this trade here that I was looking at before the meeting started let's see if I could draw the trend line here pretty quickly it's gonna have to be a quick one let's see if I could do it time isn't even off of it was from prior to 8 o'clock so it had to have been this guy here stretching all the way through there we go so let's just say off the highs across the day it broke out of that trend line acting as resistance and right here I was expecting a hell of a lot better support to hold it made a nasty shake down which took me out on the second half my position I made a like tiny amount but whatever you know the better exit was it off of 320 on the first half of the position so it actually snapped back above the trend line here is there a chance for another squeeze back up hey I hope so but you know I'm not fully committed to this either so far I'm gonna put this on the side list alongside the V-Racks trade we'll come back to both of these at the end if they look good we'll add them if not we'll pass meds geez it probably said the same thing on this one too alright this one's a little slower but this was much more of a tease from the morning session this tease the crap out of us early on today ended up popping after a right when Fausto started the morning meeting and then popped after the open but it held the VWAP and tried to run up off it and then from there collapsed end up failing to make that run off the VWAP so it ended up pulling back so for right now it's kind of right back there right around 136 137 ish again I don't have a great thrill to put this on our watch list just yet and this one more than the others even so you know we'll come back to it if we need to blue man this blue stock is like almost like running with UV XY and I don't mean that like literally so don't take that as real advice I mean that in the sense of for the days that this stock in particular is up on the gainers list up five six eight percent more often than not it's tanked when the market opened up and it's provided as a better short those days than a long on days where the markets ended up dropping off like today I'm just saying that as a joke more than anything but with the markets tanking today blue right on up throwing me for a loop here this blue stock you know hey it's really tradable in the sense of liquidity and volume all that stuff but right now I just feel like it's a little exhausted right now albeit holding over support still but it seems like it's making lower highs and dragging down to that support level again so not fully committed to this just yet the only stock I have on our main watch list just because it was like extremely volatile was the amp ex but you know that wasn't even looking too great coming off that nasty shake so there really isn't a whole lot that I'm too thrilled to follow at least right now and that's okay that's alright you know but right now this is usually where we get a pretty good grip for what will move heading into the close so just probably just trading a little lighter here on a day like today I will say just from the corner of my eyes on my other screen here the MG AM is popping back up so if anything let's just get back to that while we're talking MG AM it is inch and back up a little bit more now right off that trend line there at now finally holding a support moving up without me in it at least but MG AM we're gonna promote this put this on the main watch list at this stage of course looking at a lot better now alright hopefully we finish up soon so I can get my hands on this trade so let's see what else we could add to our watch list here folks again market obviously on the way down probably not gonna find a whole lot on the gainer side right now right always like to say that on a day like today no real familiar names nothing trading great volume across the gainer side chng this might be a buyout I don't know no I don't know what it is but not looking too great there goes the MG AM ah man this thing is exploding right now without me in it dammit alright well it's on the way up to that 350 I rode in the trading room earlier today or just like before the meeting started you know just saying as a target it would be a lovely target to have MG AM at 350 there you go alright if you're in this trade right now inside the live trading room if you're Leda or Henry or Alex or Johannes etc if you're in this trade right now just let me know jump over to the loser side here hey we don't need to build up too big of a watch list when me this is the one the veery trade skip over that's garbage down 73% second day in a row that thing is down 73% PG why I mean this was down big in pre-market to looking for a nice dead cat balance but you know tried to after the open and then came back down I was trying to make that break over three and essentially broke above it it came right back down under it I ended up taking a 4 cent loss my self and then from there is toast so better to get out early than later on right there's a great setup hopeful for a big short squeeze time you know dead cat balance and with that ended up failing to really get it so so tell a trade it actually shortable my platform down like 2626 and a half percent it's just got so much volume on the order book on the bid for it to cut through at this stage now how much more could you expect out of it it's already down big it's dropping off still you could say but the slowpoke not looking for penny on the trade if anything right or a couple pennies Ford Ford got crushed from early this morning up until right now I should say so no it's not down as much as the others but it was down a four or five percent heading into the market open shout out to my brother-in-law Dan who told me about this last night in the after hours I wasn't looking at my scanners at the time he was coming back from his job and he ended up telling me hey you know he follows for day to day and for coming off of some news in regards to supply chain and he told me right out the gate is like this is definitely going to continue to drop off well he was right so shout out to him it was great short from right out the gate this morning and from there it's only been smooth sailing on the way down towards big level off of 13 so yeah I'm definitely going to put this for trade as a short on our watch list right now looks phenomenal as a short at least uh... wow s h c actually skipped over this one s h c from yesterday if you folks recall so i i didn't even see this up until right now so what happened today this ended up dropping off really nicely took a little while for it to get going of course as you could see but much like we ended up seeing yesterday afternoon thing got clobbered only continue to drop off again here today so man hey ended up leading to another nice short right now though it looks a little flat i mean maybe more now than before like looking for a potential dead cat bounce here but you know it just a sideless stock right now otherwise right now i wish i just focused on this more from the morning from the market open if this was closer to the lows of the day than i'd be more interested in it regardless but right now i mean we'll keep this on the side this s h c i'll definitely be more mindful to check it out tomorrow morning a m r s dropping off you could say it's a decent short nice direction at the lows wanna see if there's anything looking even a little bit faster perhaps open so a couple more from familiar names here like fubo that kind of same deal like a little slow you know nice trend good direction right liquid all right folks there's probably a lot more that is down so let me know if there's anything else that looks good up down left right more than that five percent that i typically look for myself at that m g a m that thing is still smooth sailing or you know still pushing up pretty well it's got a really break over that three fifty resistance right now there's like a twenty one twenty two thousand share iceberg order on that trade let me jump to benzinga pro here pretty quickly see if there's anything from that side got the n r b o which i'm not too thrilled about right now that's just kind of flat that's just really untratable with the liquidity there on the book uh... so m g m is all right let's go back to the racks v r a x it's still kind of like teasing us for potential move but it doesn't look too great right now so we'll pass on this and then the meds trade you could say the same thing right now not a whole lot happening just yet you wanted to break over the view up on the street if anything it's a sideless stock right now not a whole lot happening on it here all right i got nothing from youtube nothing from the trading room i'll tell you what expectedly so because really the market hasn't done a whole lot today aside from just drop off uh... actually as i'm talking right now a tiny little squeak back up on the spy on the like the last five minute bar but we'll see how long that lasts right uh... you know aside from that though i'll tell you we got forward you got the m g a m which is awesome right now and a m p x will be a little you know delicate on a little careful here like i said wouldn't shock me to see this break under and then back over twelve well it's still kind of chopping around that twelve level let let it prove itself out to be a major support level for you on the street if anything uh... skip asking about prudent doing a speech that i'm unfamiliar with that i don't get my hand in politics pool too much so i probably should when it comes to the market right because obviously market will react uh... we'll see what happens tomorrow when powell does is press conference coming off the fed meeting got a little competition with tomorrow's afternoon meeting but uh... i didn't know prudent was doing a speech so uh... you know we'll see more about that at least once we finish up this meeting skip i'll look more into that alright folks i think that's gonna wrap it up for me here at least good to be back on social media for you folks on facebook live in youtube if you're interested in learning more about what we offer and do here at cyber training university just go right down to the link on the yellow banner below of the stream right there to join it for a small trial to a live trading room if you have any questions prior to that or even as you're continuing to go through these meetings feel more than free to email myself i always like to post my email here at the end of the streams josh at c two trading dot com of course for all of our students and members alike inside the cyber group room you folks know any questions that you have your surprise a chat away uh... you know from asking and otherwise be we concluded our traders talk workshop earlier this morning so the recording of that should be on the student portal the student dashboard by the end of the day today alright folks i look forward to jump onto a coaching call here at three p m eastern time hopefully a catch a nice trade on the m g a m it's breaking over three fifty right now as we speak alright folks i'll talk to you all soon take care come a cyber group member today just click the link below and receive all these amazing products and a world of knowledge purchased nine dollars do it today