 after 9 a.m. Eastern time of course for all of us in social media at least you could tell this is not Fausto this is Josh Levitin tagging in for Fausto this morning I know he had some testing done on on his knee that conflicted right around this time so of course wishing him well but great to see all of us collectively on social media Facebook live YouTube and of course for all of us inside the live trading room later oh big welcome back to Bill I know that Bill right now is still checking in from the hospital he just wrote to us but you know just well wishes to Bill and great to see one of our long time students like Bill joining us here great to see Egan Dan Andrea Michael Karen Lewis Glenn and John and all of us on top so folks hey you know we are reeling off the Fed meeting that ended up concluding yesterday and we ended up concluding concluding class yesterday as well tongue twister there but nonetheless while we were in class all hell broke broke loose right we ended up seeing the markets make this squeeze up at first let's see if I can get this up hopefully doesn't freeze up my platform here but we ended up seeing the S&P the spy here all together ended up making this big squeeze up coming off the Fed meeting ended up raising the interest rates by 75 basis points and with that well it didn't continue did it ended up making this squeeze up shortly after dumped then the squeeze up so we were hopeful to see higher lows if anything look to see more of a bump back up taking us into the close but from that point complete drop off ended up making a lower high steady downtrend off the highs into the close and obviously right now heading into the market open market is not really looking too great here you know trying to squeeze up a little bit but right now dragging back down here heading into the morning so you know right now it could be another morning to see some good shorts but hey you know we talked about this in our trader stock workshop earlier this week on Tuesday in terms of you know a few of us that are new to trading or just otherwise if you're trading out of an IRA or cash account and you can't short what do you do well you know what we covered in traders talk very briefly here is you know you need to have patience with knowing where to jump in off of collective bounce levels or otherwise wait till that 10 15 10 30 time frame we talked about that in class as well you know right around that time we tend to see some reversals or consolidations now aside from that not every stock is moving with the stock market right so you know just take it from SPRO this morning we ended up seeing a big squeeze up on this stock early throughout the pre-market hours ended up making a nice push from like a dollar all the way up over 2 to 25 there still holding strong heading into the morning here so you know right right away right now I'll just put this you know on our watch list here the SPRO now we actually came off of class yesterday talking about news as well I did post the news on the stock inside the live trading room I believe I did hope I did there we go so the news on SPRO it looks like them and another company GSK so GSK and sparrow therapeutics announced an exclusive license agreement for late-stage antibiotic asset you know for one of their drugs I guess a deal that they're doing on there the companies receiving 66 million dollars upfront plus potential milestones up to 375 million so hey for a small cap company like this that's actually a really big contract really big deal ended up leading to a big push it's up over a 152% right now certainly we hope to see more on this trade once the market does open but just be careful on the stock history has a tendency to repeat itself right so there's a reason why the stock's been dropping off for as long as it's been and more often than not for these pharma stocks therapeutic based companies they're not swing trades so you know once the volume dies off on it once the volume begins to die off and the stock begins to slow down it's gonna begin to tank and go the other way so that's what we need to be careful of all right so hey SPRO stock doing pretty nicely here heading into the market open we were doing all right on a couple of others here like v-rax v-rax also came out some news early this morning in pre-market but you could also see looking at the daily chart and even back from I think it was just yesterday morning or a couple days ago in the pre-market the stock was active off of respective news itself well it dumped off shortly after the market opened up it had a pop and then a big drop so here today well it had a nice breakout shortly after 8 a.m. you know what let me just jump to the news one more time not gonna be newsman Levitan today but v-rax we ended up seeing news come out so it looks like this is even from oh yeah this is from this morning okay so v-rax shares trading higher after the company announced it has entered into a distribution agreement to market monkey pox virus real-time PCR detection kits and cosmos holdings or with cosmos holdings so led to a nice pop I ended up scalping this throughout the pre-market for resistance here to build I was looking for the initial bounce and got the quick bounce at first but on the pullback I chickened out ended up getting nine cents on the trade I was happy with it but ended up quickly recovering pushing back up I jumped back in for another three cents I think it was I ended up jumping in one more time here I think I if I didn't go break even I lost a penny I got out as was failing to make that squeeze from the VWAP to act as support so the more it's kind of just laying over the VWAP without making that pump it's gonna drag back down especially with this stock back from I think it was Tuesday this week in pre-market you know led to a big pop then drop short shortly after history has a tendency to repeat itself so we have to you know keep that in mind so right now VRAX I'm not in this any longer hopefully this ends up making a pop for us I'll definitely put this on our watch list here for the morning and we'll see what I could do all right what else did we have from yesterday perhaps we could talk about a couple of different trades this one was a little surprising in terms of news I think that stitchfix ended up coming out with some bad news in relation to their earnings if not lowering their guidance then otherwise their EPS not meeting the estimates led to a drop in the after hours from Tuesday from Tuesday night but out of nowhere ended up leading to a big squeeze shortly after the market opened up the stitchfix trade from like 450 all the way up towards you know easily over five it grinded about five there ended up topping off right around 537 538 came back down a little bit could be tradable heading into the market open but I mean hey the first word there was could be so right now it's only trading 7700 shares we don't know if it will be it's not really trading a lot of volume right at this second this morning so you know we're gonna keep this on our side list and there's definitely plenty of other stocks that are trading a hell of a lot more volume heading into the morning here so you know stitchfix one from yesterday and we ended up doing well on a couple of other trades at least from yesterday as well the Mara stock early on in the morning and it also ended up leading to a big pop heading into the afternoon at first coming off the Fed meeting but more from the market open yesterday we ended up seeing this make a really strong squeeze up it was even much more than like any of the other crypto stocks or Bitcoin altogether so just in particular Mara had a beautiful run you know the others went with it but this was the best of them and then from there coming off the Fed meeting it you could at least see you know it moved with the market it was a really volatile run at first pop from like 1050 all the way up a buck up to 1150 and then came back down so you know this one at least trading a hell of a lot more volume this morning and for all of us inside the live trading room you folks know that we pretty much call out Mara you know more often than we don't so no I'm sure at some point today we'll look to focus on it but for right now there's not a whole lot much going on in pre-market in terms of trend it's like kind of flat here all right so I'll tell you we got two stocks already on our morning list here and both look good so far the SPRO and the VRAX we have a couple of the other cheapies here like AVCT and moho on the top of the gainer side I'll just kind of skip over those and we'll kind of skim through here folks right now I'll tell you right now when number seven on you know collective because I know Fausto and myself have different platforms different scanners but you know on trade station this combines them all you can go separate here between the ARCA, AMEX, NASDAQ, NYSE like he does he does the NYSE and the NASDAQ but you know hey for all of them together number seven is up only like 11% that's it and on the loser side I mean even contrary to that I mean you'd expect oh maybe there's like a lot more stocks that are down percentage wise I mean number five is only down 7% what the hell's going on here folks so that's the first thing I could just tell you're heading into the market open there's just a lot in the middle so you know it might be a good sideless day actually what we'll take a look at the end NYAX you know it's up 10 11% 87k but look at this chart I mean I guess it's a new IPO or I have no idea what's going on with this thing geez this daily chart's pretty odd so you know what hey if we're unsure then I think that we're pretty sure we're gonna move on TCRT hey at least this stock we are familiar with we ended up trading this a little while back over the last like couple of weeks actually more so as it was pushing up it ended up tanking here like a week ago or so and from that point ended up leading to a small dead cap down so you know this one I know that the order book will fill in more at least when the market opens it's up over 9% trading 115,000 shares here this morning so you know for right now we'll add this and another stock that we are familiar with Robinhood now the news out on this stock now I I'll jump to this one more time I'll jump to Benzinga the news here one more time here for Robinhood and I'll be transparent with you because Fausto being a 30 year plus pro of the market one of the original so his bandits he would be able to give you much more insight than I ever would be on this in particular so Robinhood shares trading higher after it was reported that the SEC is poised to let Wall Street keep payment for order flow deals so you know hey check back in tomorrow morning I know Fausto will be back here bright and early tomorrow for the morning meeting and he will be able to give you more insight in regards to that news led to a big pop early on as you could see so with that in mind hey it's still grinding on up here this Robinhood trade Robinhood obviously being a brokerage platform so with that ended up leading to a nice little squeeze up early and hey hopefully this can continue you know perhaps there's short squeeze potential written behind this trade so Robinhood yeah we'll put on our list here been chopping away at the markets for eight years now folks but that does not necessarily compare to Fausto in 30 years right all right what else we got here li trade li auto I know the Chinese EV companies like Neo and XP EV they were moving pretty well early this week and they're still on our side list we can easily look at those in a moment Lee here you know it's a big no maybe there's some news on it I guess while I'm at it I got my damn Benzinga back up but let's see what else we got here at this point I may as well keep it up at this stage all right so Lee trading higher after the company announced it will host a launch event to unveil I guess their new car the Lee LB on Friday September 30th ahead of schedule so I guess the last part there ahead of schedule led to the gap up and run up at first but you know otherwise I'm not fully interested in it just yet I just I want to see the order book fill in more for this trade trading a lot of volume so far in pre-market don't get me wrong so you know if it pops after the open or makes at least a decent move after the open we'll likely call it out rum RUM had a nice little move at first it ended up stalling out shortly after again very similar to Lee not fully jumpy to put this on our main list just yet very active though so far in pre-market so hopefully it continues it seems like it's trying to climb up a little bit here but again the order book is really illiquid big spread pretty thin book out there so you know this is one that I'd say is more of a level four or five stock in terms of how we categorize these trades and one of us call out free earlier today or earlier this this morning from yesterday ended up making a little move but again thin volume on the book same deal now we're dipping below 5% here as we get ready to jump over to the loser side right now this FFIE is not looking too good all right let's hop over to the loser side here not a whole lot that even a shortable that's down big Nova Vax is one of them and that's a familiar name so Nova Vax hopefully the order book fills in on this trade a little bit more is we'll go back to it more time back to Benzinga pro here check the news on this stock looks like it could just be earnings related if not just earnings which no it's not earnings related it's really just JP Morgan downgrading them I thought it was earnings tagged along with it but it's just JP Morgan downgrading the stock from neutral to underweight lowered the price target from 132 they lowered their price target from 132 dollars down to 27 now you you lower your price target now from might be a little behind the ball there right geez all right so with saying that I mean it dropped off a little bit in pre-market but yeah Mike it's been falling up for a month been falling off longer than that at this stage even right yeah I don't know what's going on there but nonetheless down over 5% this morning below that 27 but it could easily drop a hell of a lot more after the open right so Nova Vax I'll put on our main watch list as a potential short little lead there guys no geez all right let me know folks if there's anything else that looks good from Michael Egan and Bill Carroll Lita Grant anyone else inside the live trading room if there's anything else up down up down left right more than that 5% let me know here in the chat board of course for all this and social media seem to be said there I don't think I even look at beat here with you folks here be 80 it looks so bad now I don't think I even checked it out here during the meeting it was on my notepad you know it was down saying a little bit going into 7 o'clock but otherwise again very similar to the beginning of this week I think it was or the end of last week it was led to a pop but then it only dropped off from that point so you know we'll keep this on our side list here all right folks I think that just about wraps it up hey I look forward to this market open especially coming off what we saw from the end of the day yesterday should provide a little bit more action here at least heading into today and then potentially even into tomorrow the end of the week for all of a sudden social media a couple of housekeeping notes before we close out if you have any questions just I was like post my email at the end of these streams here so that being I'm typing in the chat board right now josh at c2trading.com that's my email address any questions that you have in regards to these meetings what we do on a day-to-day week-to-week basis feel more than free to send an email over again josh at c2trading.com if you're interested in joining our live trading room feel more than free to join us by going right down to the link on the blue banner below but coming up later on this morning at 11 o'clock eastern time Fausto is he'll be actually coming on this morning at 11 o'clock eastern time to do an introductory to day trading webinar we posted this link right here in the live YouTube stream so for all of us there right now I know that there's still a bunch joining us right now live the link is in the chat board right there in the comment section I should say right there and it's showing on the stream at least but otherwise if you wanted to join Fausto this morning for his introductory today trading webinar tip of the iceberg order just click that link right there to register and then from there you'll be able to join all right for all of us and so on social media Facebook live and YouTube I look forward to being back to you folks later on this afternoon at 2 30 eastern time today and again for all of us inside the live trading room I'm gonna refill up your water bottle here but I'll be good to go coming up at the market open I'll talk to you all soon come a cyber group member today just click the link below and receive all these amazing products and a world of knowledge for just nine dollars do it