 All right, sever traders good afternoon and welcome on back here this Friday to close out the week June 24th Great to see Kathleen Yehuda Chuck. Chuck joining us here later As always great to see her loud and clear from all and with that in mind folks great afternoon to everybody Welcome on back here for the afternoon meeting at the RDV trade exploding right now, and I'll tell you what I'm in this right now. I'm in right from 7 72 is my entry price I just took I just took half my profit out just to make sure I'm not like you know a jerk and like you know This thing makes a false break or anything a nasty drop back down shortly after we you know kind of finish off this review But you know with that in mind I still have half my position remaining just in cases. This does go to them So, you know, why did I take this trade to begin with? Well, actually, I mean hey I just like to make conversation during, you know slow times in the market. I asked everyone earlier Hey, what's everyone watching right now? I had no idea. You know, I'm just following TB LT following SIGA my Neo and at the time the only one chatting to me was Kathleen. She said CLVS and REV okay, so, you know, let me help out Kathleen just see what's going on CLVS slower moving stack REV at the time. It was like what 1257 Kathleen wrote to me then so much before this thing took off Well, you know, it ended up beginning to bottom out around 715 720 ish maybe all I wrote her at the time at 1258 1259 I wrote to Kathleen. I said 765 to 770 very strong Resistance now I like to be pretty perfect with my wordage here, right? I'm not gonna say it's a little resistance if it's You know big so this was huge I thought so it moved back up and I actually took my eyes off this trade for a little while and You know, I came back to it. It was actually right there. So I'm looking at I'm like, wow What if this does make the pop above 770 765? You know, it's nice when a plan comes to fruition I mean, hey, I wish I could set myself my full position in on this stack But obviously obviously I de-risk just before we started at E20 because you never know I could shake back down So it's all about the levels first. It's all about identifying the big levels I'm just being prepared Being prepared. That's it So for right now simply simply know how how well this R&D trade can move So, you know with that we ended up seeing the stack back from you know, Tuesday this week explode Monday From Monday we're off actually With that though Friday the week before Thursday, and then nonetheless obviously leading us into today You know made a huge move from a Wednesday pop and drop and then yesterday it continued to dump off But not only is it breaking new highs as we speak But it's also breaking above the open and the closing print that we had back from Wednesday, so let's take a quick look at that here pretty briefly That was at 799 and at 814 So, you know it broke out from that range just here But I would expect specifically 799 and 814 to be a range of support to work off of now at this point should this pull back Should have pulled that I mean who knows this might you know Begin to kind of consolidate here, and then really squeeze up higher at the end of this meeting So the REV trade I'm really happy that this is working out. We'll definitely put this on our list to begin That is not the only stock I'm currently in right now actually I almost got stopped out on SIGA just a moment ago. I survived by a penny. I guess and the TBLT trade oh that one's pulling back down a bit So let me take another part of my position off the table on that one But the TBLT trade let's jump to that one actually pretty briefly here I want to make sure that all of our students have enough time for the class coming up later on this afternoon The phase two stock course finishing up So I know that Rich will post the link for that coming up momentarily, but the TBLT trade Hey, you know this was one from pre-market more than anything this morning ended up making a big push early and You know just given how much the stock had dropped off back from the last year year and a half This was like a big focus for us in class earlier today You know you hope to see a nice big move Well truth be told this is like the second-win type of move that we're catching right now I called out support earlier looking for support off of 280 to 286 I ended up taking a 5 cent loss on this trader earlier on the first attempt and then once I realized it wasn't breaking lower Well, it's not gonna break any lower maybe there's a shot So, you know, I that's where I jumped in I jumped back in from 281 and then from there actually on this trade This thing stopped me out right off the freaking low. So Right there literally at 277 is where I took my 5 cent hit To see it bounce back up immediately after I was pretty pissed but jump back in you give it a second chance You know what you're watching in terms of a big level. You got to have confidence there So with that it ended up providing us a great support level a nice squeeze up So Bob Bob W one of our students inside the live trading reviews in with me on this trade You know, maybe still it I mean hey 280 we have a good entry, right? So if it does hold here and then bounce back up great, but we were really looking for a 305 to 310 in particular I wrote that in the chat board to I said looking for 305 310 Resistance to get flipped into support. So as I'm kind of flipping through my other screen here I saw the SI GA obviously rev at TBLT now not good folks This thing really needed to hold better off of that 305 310 So I ended up de-risking. I still have part of my position left off to 80 But you know, I got my stop raised now. So if this ends up, you know holding here Maybe there's a shot, but otherwise we'll pass on it for right now That Revlon trade pulling back to eat 14. Be careful. That's the first level that I mentioned 799 to eat 14 Now the SI GA trade I'll show just at the ends, you know, that one's actually at the high of the day right now So we'll get to that in a bit. So, you know, perhaps we'll put that on our list as well But let's go right from top to bottom otherwise. Let's shop around here. See what else we got the USA case stop USA truck I'm guessing it's a buyout if I zoom out on the chart here Yep, just interesting ticker. I've never seen it before. So I just wanted to take a look BNTC from earlier today. I didn't get my hands on this, but I know a bunch of our students did Congratulations to anyone that jumped in on this trade pretty early on led to a nice Led to a really nice squeeze at first then from there led to a pretty good bounce off like 110 support Pulled back down and ended up holding support from there and then even another higher low later on right off of 138 to 140, you know, that was also a level that we had called out looking for icebergs support So you could actually see where it kind of broke under 140. That's where we had big support on the bid So broke under it broke back over it there we go, so You know, hey, I mean it's similar kind of line of thinking as TBLT dropped off from a really high price back a year year and a half ago. I mean four or five six bucks is exactly as much as a TBLT, right? I mean, you know, nonetheless, it still make a pretty sharp squeeze over time The stock has dropped off. So back from 2018 it was like 60 bucks I know maybe reverse splits factored in but either way, you know It's been the week of these different like dead cat bounces different short squeezes throughout the market No, a lot of them for like pharmaceutical biotech stocks. So we know these are not swing trades folks these are solely day trades so You know do as you will with that advice But yeah, I mean right now BNTC same thing as TBLT I'll pass on it for right now But you know if it pops by the end of this meeting I'll reconsider Femi All right, so we'll kind of skim through here folks now I Shoot I should have been more prepared for this All right I'm gonna try and do this see here as we go through folks because one of us a couple of us actually yesterday Ended up asking for me to go through some charting on Bitcoin and Ethereum So if I have the ability to do that by the end of this meeting that we certainly will to do that But otherwise though, you know the MIT Q trade from earlier today This ended up making a pretty nice pop and pre-market a little second wind type of move earlier today, right? But you know when the volume dies off we typically You know, no, it's gonna we typically know it's going to happen to these trades at least so now pass on the MIT Q I saw Chuck call out box D earlier. Oh My TBLT just should blow three. That's not looking as clean now folks And I'm just gonna totally dump off right now I was scaling out of my position earlier So I did take part of my position out on TVLT at like 302 304 But I could have sold the 310 there either way just shook down I don't think we're gonna put that TVLT trade on our main list. Alright, so I got some crypto charts up We'll show that at the end box D. Yeah, look at this thing It's like a huge pop and then we'll eventually drop back, you know In late May early June over the last like week and a half or so I'll go You know, but hey making a really nice push here once again on the intraday So I don't mind putting this on the main list for right now The only issue on this trade is that might just be too liquid So you definitely want to see a lot more volume getting filled in a shorter amount of time coming up But box D here looking pretty good. I like it here Scott calling out AERC inside our live trading room and with that Lance is right on AERC here You know ended up making a really big pop earlier today. It's you know a new high just before The stock we know is you know prone to make as big of a drop as you know fast as as fast as it could pop So, you know with that just be careful with where it is here. It's beginning to make a lower high It seems you know bounced off of like 1375 is just before but you could see the rounded top forming here So, you know, I'll put this on our list for right now, but I had a really tough time trying to break 15 earlier today The first test you would assume for that to be a false breakout But even afterwards for very staticky choppy around that a 15 level So, you know, just got to be careful right place wrong time could be very costly Take a look at this royal Caribbean cruise line, huh? We actually followed this at least or we used this as a quick example in class earlier today I didn't even realize during class that it was actually up 15 percent today We went back on a past day just from the daily chart and that kind of like rewinded it back from there So very funny RCL, you know make a big move here today perhaps off of earnings Nonetheless, the market has just been extremely flat albeit at the high similar to RCL here You know, we might find a lot of stocks that look like this Maybe not up as much as RCL 15 percent, but let's see if there's anything looking, you know Just just as good if not better, right? All right So a HT in terms of a short squeeze type of stock I feel like this has some potential But you know, it's not really trading a whole lot of volume per minute the stock had a huge run for us back in You know April May June of last year and then had a huge gap down over time and never really look back So, you know HT here just needs a nice kick needs to trade a lot more volume in a shorter amount of time here coming up Yeah, it's near the highs, but that's all there is to it there. I'll write it down on the side list I guess but let's see if there's anything looking just even more volatile right now All right, so folks I don't know if you can hear that little producers note here a little consequence of not having my AC on right now I got my window open. I got my window open might happen. Here's some gardeners in the background there So if you happen to hear that my apologies NCL leech pretty much the same move is RCL So, you know, maybe I could slap the cruise lines together on the watch list there Smith and Weston at the highs coming off earnings from yesterday. I know that specifically from Michael I appreciated him making a shout yesterday on that trade, you know, it's been more of like a grinding type of move You know, I don't have as much of an interest on the pace that it's working with the same to be said on the cruise lines though for the most part, right You know, I want something that's looking sharp like that REV even the SI GA Let me get to SI GA right now while we're at it because SI GA is actually breaking a new HOD as we speak This is the one I almost got stopped out on by like one penny. I have a stop limit in order to take me out at 67 I think it bottomed out at 68, but nonetheless and It up just squeezing back up I'm in from 75 right now and with that we want to see this make a test of 13 years So, you know, this stock was strong heading into the end of the day yesterday, you know, dropped off this morning It was actually on the losers list at one point, you know, it's still down like 1.7% But you know, this is at least looks like a sharper Afternoon trend at least compared to some of the others that we just looked at so, you know, out of everything the SI GA I'm putting on the list. All right, let's hop on over to the losers list here Or maybe just kind of finish up skimming up the gainer side, I guess But I didn't see much else from the gainer side here CMRX here this one. I'll check out Pot from earlier familiar name over the last few days We ended up seeing the stock gap down back in mid-may But then back from Tuesday this week began to make a pretty nice squeeze at the time that only got faster today but Obviously what goes up comes back down and at this point right now You know, if a stock is not near the highs or the lows heading into the afternoon respectively, then doesn't really have my business Just taking a quick look from the cyber group room right now Norman calling out the canoes stock CA and oh It used to be one of my favorite Yankees No longer no health Squeezed up just before but this pullback not a fan of so You know, it's not really trading a whole lot of volume per minute right now I will I guess I shouldn't say that 21,000 shares per minute, but it's like pretty flat for trading 21,000 shares a minute then Right, you know, I would have thought without looking at that number that it would be trading a lot less You know shares per minute. So just be careful of a pullback on this or if anything it might just kind of stall out as it's been doing Let's hop on over to the losers list now folks. See if there's anything on that side I mean, obviously markets are up, but there could be one or two here that look pretty good as a short There's our pullback little bit on that canoes stock a lot of stuff hard to borrow to top off the losers list like Damn, you're everything is hard to borrow here on this losers list right now cheese Array It's at the lows it is easy to borrow Good order book it's not trading a whole lot of volume per minute I mean this one's trading about seven seventy-five hundred shares per minute that number could decline over time because You know, that's factoring in the spike here prior to the big spike Brica support off of 1236 There's only trading about like three or four thousand shares a minute So you definitely want to see a lot more volume on this trade heading into the close But no, I don't mind at least something that's on here at the end Be a good short Actually, I think it really could be a good short because if anything it's breaking or approaching if anything not break But it's approaching the lows of this week back from Wednesday 1220 so, you know a big break below there that could be a really nice short opportunity. So let's see what happens on this trade That's cute you it's just about it folks. All right, if there's anything on YouTube or Facebook live, let me know Actually, I think I'm a YouTube only today. I ended up setting up the stream very late. So YouTube only right now. Let me know if there's anything else or for all this live inside the trading room Scott Norman Grant Kathleen later Alex Lewis Jean if there's anything else definitely let me know You Revlon trade obviously is on our list already. We had talked about the pop It's holding support pretty damn nicely for now or it did at least at first off 814 The more kind of eagles and threads this support it should shake down So just be careful of that you can see we're already kind of tested e14 ish here give or take a couple pennies We're not gonna be perfect on the level, but You know for right now, it's beginning to slip a little bit at this point So just be mindful of the shake down towards 798 799 like we had said before that was the Family be open price back for Wednesday's trading All right Let me pull up my Bitcoin or Ethereum chart really briefly and to answer Ethereum first because you know I know a couple of us yesterday on YouTube and it asked me requested me to go over crypto heading into the weekend Well, I'll tell you what I feel like we're gonna see another big drop over time So don't hold your breath waiting for the big big jump yet on crypto You know it started to squeeze up off 18,000 and that is Relatively close to where exactly what I was saying it was gonna bounce back from late January or where it could not will could No in terms of anticipating a bear market from that point. Well, I've got a bounce. Well, if you bought then there still could be a buying Opportunity though over the next several months like we're in a recession. It's gonna take a little while I think to get out of this truly and with more correlation between Bitcoin in particular and the SMP Well, you know if we happen to see another big shake down over time across the SMP Guess what's going with it? So that's my general consent consensus on on Bitcoin and crypto all together Here is the Ethereum to Bitcoin chart So this specifically shows Ethereum strength in relation to Bitcoin. So, you know, since the drop Yeah, Alts and Ethereum in particular and then the rest of the Alts had been making a bit of a further climb back up over time But again, I feel like there's more of a point where we need to see higher lows truly build across any crypto Whether it be Ethereum or, you know, Solana my Cardano that I'm a big fan of Batic is an up-and-coming chain as well You know, there's been a lot of negativity across the entire crypto market as a whole rightfully so, you know A lot of big market or a lot of big hedge funds getting liquidated three arrows Michael Saylor is you know, his liquidation process started not fully but, you know Some huge crypto whales have been getting liquidated and that's not gonna be an instant recovery So, you know, you heard it from you last year. I love Bitcoin. I love crypto. It's the future It's the next 10 years buy it now buy it now more than freaking anything But it's gonna be a little while before we get like the real bounce that that that that I want that you want So, you know, I think it's gonna be a long drawn-out process and with that I think there's gonna be a lot of different buying opportunities I feel like there's gonna be a pullback on Bitcoin back close to 1918,000 to get over time. So Not only that actually Chris brings up a very interesting point, which you know, it's happened lately one of the major centralized Institutions Celsius ended up freezing their accounts There's gonna be a lot of that going on going forward, especially if Bitcoin really continues to drop off a lot more So, you know, you're gonna see where a lot of different institutions don't have the liquidity For clients to get back. So when they look to pull out their funds, they're not gonna be able to it's already started on Celsius I don't know the full story on block five, but there's some real bad heat on them You know, this is wherever you would say if anything if you're looking to invest in crypto Buy a cold wallet buy a cold wallet and transfer your crypto there and you will be totally safe It's as simple as that I can go further into that in a different workshop or crypto class But you need a cold wallet for crypto if anything. All right, folks We got to make sure we have enough time for a class and flap the gums a little too much here with it About going on about crypto here. So there we go rich I appreciate you posting the link one more time for all our students like Chris and Grant Norman and Scott Kathleen, etc So make sure that you click the link folks We're gonna be talking all about all-time highs and lows not even just all-time highs and lows But what happens when a stack is reaching? not even unchartered territory, but Territory it hasn't seen in a long time. So maybe not unchartered territory But no the more and more a stack is moving up or down into historical levels. What happens? So I have some pretty interesting stuff to show you in this class I look forward to it for all of a sudden Facebook live in YouTube here Just as always, I like to post my email at the end of these streams But you too bone today Josh at c2 trading comm if you're interested in joining our live trading room Just go right down to the link on the yellow banner below to get yourself started But look what happened already on Revlon folks. I think we got a trade still in our hands It broke under an over 799 This has the makings for a nice runner folks All right So I look forward to seeing most of us in class at least from inside the live trading room But for those of us not joining me in class best of luck trading here going into the market close talk to you all soon I'm a cyber group member today Just click the link below and receive all these amazing products and a world of knowledge