 All right, Sabra traders welcome on back here this Tuesday post traders talk edition as always this Tuesday for our afternoon meeting February 7th shortly after 2 30 p.m. Eastern time great to see Jeff Michael Leda and Jeff each all joining us here inside our live trading room Great to have all this back on social media Facebook live YouTube LinkedIn and Twitter I appreciate you folks especially if you had joined us earlier this morning did more of a impromptu pop-up stream of our Of our live traders talk workshop, so that's actually a recording now on our YouTube channel YouTube comm forward slash cyber trading you but if you're interested in joining our live trading room That is to continue along each week or at least get access to the prior weeks recordings of said workshop Go right down to the link on the blue banner below right there You're joining us on social to get signed up But for right now though Phil ravina John Ron all joined joining us here right now as well inside our live trading room Let's hop right to it I got a little issue here to begin folks. So stand by really quickly I just realized this now little rookie mistake on my end Great to have one of our new members Ruth joining us right now. Allow me to reshare my screen Little rookie mistake here inside the live trading room. So I'm not my damn screen sharing there. That was riches. So how about that? Good to go be good to go folks. It's not on it's not really on the best mover here vs But let me know if it's on the trade vs here, right? good There we go caught it early right So that said let's hop right into it markets making a nice move back up right now What a wild day that we had after Powell ended up giving his remarks, huh? Like when you look at the spy on the five minute here just up and down and up you see like that looks like a full Market day ultimately like up and down it went from 930 until now. No, no, no That's not from 930 that that's from when Powell spoke at noon So, you know really markets were pretty flat in anticipation of what he had to say You know, I'm not gonna break out every headline for you right now But more or less Powell just basically saying that he expects inflation to decline in 2023 Said it will take some time to get inflation down and the Fed will need to further Further rate hikes. So with saying that you know ended up having a huge pop at first and When it started to pull back that's where I started to think I'm like, wow I mean it was dropping off so fast that I was expecting to see a break lower, which essentially it did at that point But I was expecting a lot bigger of a drop off coming up into this meeting I'm kind of surprised to see you know the the spy slingshot back above 410 right now moving back up towards said highs You know, could we see a break even higher into the close now? Hmm, I mean if it's not gonna break any lower, perhaps there's only one other way It's gonna go in the interim temporarily so, you know, we'll look to see if we could build support now perhaps at this stage off the 410 or even higher but Yeah, Vs to begin not Victoria's secret Vsco, but Vs versus systems ended up having a nice pop this morning I'll tell you I mean all day this stupid thing's been happening a little glitch right there to my daily chart Let me sure I save this if I may All right So Vs ended up having a nice pop early this morning heading into you know noon time as it broke higher But from that point made a pullback a very similar pop and drop that it made back from Well last week last week ended up gapping up big and pre-market popped at first Dropped completely back down and today it ended up topping off essentially were a bottomed out that day pretty interesting Right roughly off of that 160 level 159. So yeah right now. I don't know I had this on the screen to begin It was nice straight from the morning good level one level two type of stock Right now not as particular about it right now for this afternoon's trading session Especially with the way the markets are moving right now Hopefully there could be some good sideless action out there some good sideless stocks that can make some good squeezes up So let's go from top to bottom briefly no better place to start than right at the top You know we'll recap a couple of the moves that we had from our morning at least here again We went over a couple of them in our traders talk workshop earlier today The SQL was one of them ended up making a nice pop going into the market open But really afterwards it was more of a dud it popped afterwards But you know got halted on the way up got halted on the way down when a stock gets halted on the way down That's typically game over right. That's what we talked about in our workshop So you know with saying that support turned into resistance the 169 level from there ended up backing right right back down there You know I was at least expecting resistance to hold at first but to see it to shake right back down pretty quickly That's not too encouraging for this afternoon. So you know, I'll pass on this trade as well at least for the close All right, so Rich was wondering if this li xt trader would look to break up higher into the afternoon He thought there would be a good chance and you know I mean that was maybe a couple hours ago. He actually messaged me that so you know since it hasn't done a whole lot But that doesn't mean it's not going to we got plenty of ball left to play And it's been kind of dragging off these highs here recently So, you know, perhaps there's a chance sooner than later actually where we happen to see this make a much stronger Begin to stronger push back up begin to push back up towards resistance off of two seemingly I would assume that to be big level not just as it being a whole number, but you know just Looking at the histogram here not just two bucks But 220 area roughly that area It's not that one specific price, but sir, you know certainly first. It's got a bust over to you know I'll tell you it's not at a contention We don't really have anything at all on our watch list just yet So I don't mind beginning throw throwing this on here the li xt SLqt looking at hell of a lot better not only then li xt, but the other one the sql This is our best-looking trade so far going into the afternoon. There's about 11,000 shares on the ask at 163 so if we could break over 150 the 20,000 shares here and plus probably at 150 if I could break that I would say 163 would be your next resistance level just looking at that smaller order out there If I could really begin to rip and run in terms of speaking of historicals I mean, yeah, you definitely have a decent one roughly off that too Probably a little something here first around well, what do you know? Ha 163 Too looks like a stronger Historical I'm just saying right here first a little something there and when I lined it up conveniently enough Matches up with that 11,000 share order quite well So, uh, yeah, I would say 163 then probably like a 192 right around there 192 193 and again that's speaking in terms of just charting right so it's the iceberg at 63 that makes up that resistance more than anything But yeah SLQT definitely going to be nearer at the top of our list by the end of it all All right, we keep going here folks KPRX not doing a whole lot right now. We'll pass on it CYD I'll tell you it's making the same type of trend off the highs as the SLQ whereas the LIXT trade is so if we can maybe make that stronger pop and blast over the VWAP here There's a chance, but I feel like that that's more wishful thinking now than anything I wouldn't hold your breath waiting for that move. There's better-looking trades right now The IBIO certainly seems to be one of those right now. So let's take a look at the daily chart here for this trade It's moving back on up towards the highs we had from yesterday right off that 125 So obviously we're gonna put this on our list, you know looking really strong here more of a level one or two stock I'd give it a level two if anything Typically, it's I'd say level one, but where I could say two is well look at the spread. It's not just the penny It's kind of fluctuating a small bit, you know one to two cents So, you know if this really begins to pop and if the order book is still pretty thin This could become a much more volatile trade very shortly from now So again, that could be wishful thinking very quickly here Just you know trying to get the pop right now, but over time the more this needles resistance I'd expect a pretty strong move. Here we go Testing that iceberg and breaking above it now about 20 plus thousand shares got filled some green coming in on the tape over that 125 I would say 120 is a pretty big level as well, but it also just held that pretty nicely just a moment ago. So Let's see if we can get this here folks, you know, you know what? I don't mind sticking on this trade just for a split moment Take a quick look see if this really begins to rip higher right now It's it's a really good setup that fell into our lap essentially right off that previous high 17,000 share order roughly on the bid popping in and out there off that 127 look at the bid there in blue on my trade station matrix right there Nice move there I'll tell you if I was not having as good of a day I'd be a little frustrated missing this right now because this is I don't want to say easy That's more of a curse word in this trading realm that we live in but it's a pretty straightforward move Kathleen says her screen show an SQL cat I would look to log out log back in it should be good to go on this IBIO trade did anyone jump in on this trade just right now right off that 125 127 area This has been a pretty sweet trade Jeff just missed a ravina That's all right. We'll get plenty of others at least heading into the close But that was like really good setup that fell into our lap previous high iceberg Beautiful beautiful. All right. Let's see what else we can get though. It was a great morning Great afternoon. Hopefully so there's a lot to go around. There was a lot that went around So it's really not terrible. If you missed this at least we had a good day All right, we keep going here folks I zh kind of slow right now. It's like kind of perking up towards the highs right now, but I'll pass bgy here pass here to SID you know, it's a cheapy It's actually filling the gap really nicely might I say on the daily chart So in terms of a tradable stock this does fit the criteria But normally we tend to stay away from these stocks below a dollar more often than not So, you know, it looks good if you want to follow it. It's not a bad one to look at We see definitely not a good one to follow right now G sun from earlier This is also one from last week made a huge pop up ended up dropping off the following day And you could just see what happened within the same day here today made that exact same pop and drop So, uh, you know ran up towards 340 350 and then fell back. Yeah, not really looking too good here maybe keep it in mind like for I don't know next later this week perhaps like I don't know about tomorrow even this is a pretty big pop and drop here at this point So if it ends up completely gapping down then we're just going to write it off But if we check in with it tomorrow, let's say in the afternoon or even the following day in the morning It's up big trying to make another No, there it could be better timing So don't fully write it off just yet, but I'm not going to put this on our main list certainly for this afternoon All right, uh, let's see what else we got though AMRN amaran familiar name Not doing a whole lot right now BIDU nice little pop-up early this morning pre-market that is Pulled back pretty hard after the open, uh, but right now just for such an expensive stock We're not really going to be following this one too much All right, we'll hop over to the loser's side right now awin down enough for me to at least look at here Just the pretty spread out order book for right now. So I'll pass there Say the same on the H. O. L. O trade If it was shortable that would be something to keep an eye on perhaps Bed bath beyond I mean it's down 46 freaking percent today so technically down enough for us to think about a dead cat bounce, but Just you look at this daily chart. You tell me if this looks like a healthy chart to you So, you know, I am not too convinced that bed bath is going to make any sort of squeeze this afternoon Um, I got it's really got to prove a lot to me in order for me to be convinced on it again I know I missed out on it personally yesterday afternoon. We had it on our list, but personally speaking I missed out on that whole run It's all right. There's other trades to follow out there We did well today on the kprx the sql the s o u n all these others But that's where I say here don't get drawn to bed bath beyond just because it ran yesterday So right now I'll put this on our side list for sure But we'll see if there's anything else just like showing a lot more direction and either way up or down All right, we keep going here bv We got the cheque trade. I ended up getting stopped out for a small loss on this right off the vwap off of 16 82 It was holding at first. It was holding actually for a good while But it's not going to make that big drop off with the market at the time I was hopeful to see you know continuation on this downtrend like I was saying So that's where I was thinking about shorting cheque coming off of bad news and you know I ended up failing to do that so it stopped or failing to do so so it stopped me out Now I'd said I'm trying to get this from the 17 level or higher as a short that's still in play but You know right now with the market moving up right now I'm not going to be as convinced as on taking too many short trades collectively So unless if this shows a lot of weakness from here, I'm not going to be really as thrilled as going short If it ends up breaking over 17, I may not be too thrilled with going long I mean there's a reason why it's down 19 plus percent So you know it did a good job bouncing back up this morning, but unless if it's really dropping I don't really have much business on this cheque trade. I feel so You know what I'll pass Laser could probably say the same on this. I don't know what's down As much as it is 11 percent, but probably earnings Right now we're in the middle of earnings season still but either way. We're not going to just check on that We're just going to see if there's anything else looking better At the ai from earlier this week and from last week as well made a huge drop this morning It's hard to borrow so unless if you can get the shares to short it, you know I wouldn't look to follow it as such but You know this would be something I'd be more inclined to look for that bounce look for that dead cap bounce at this point You know the whole sector has been really hot of late. I don't like using the word hot as much But you know just to say you know a lot of these stocks were moving up pretty swiftly over the last week week and a half With saying that though, you know the SOUN trade I was looking for a good bounce on off the 380 level today And it gave me a couple of teases where I tried to do that But obviously failed if it's not going to make that big move up There's only one other way the stock's going to go at the time so I can say thankfully I took a break even on this trade perfectly in and out same price right off of 380 Actually 380 won I pulled the plug early, but it ended up dropping right back down Just like I said, if it's not going to make that big move you could always get back in on the trade later It's not even the best time to be trading around that 12 130 eastern time frame. So that's where I say, hey you know We got a lot of time left from that point so And not to say it's going to make that bounce from here the SOUN But if I'm interested in AI then I don't mind at least kind of putting those others on the side list for right now The BB AI and the SOUN trade looking for a potential bounce on those So, you know, I'll do that. I'll at least for right now throw AI on there if anything All right, folks Let me know if there's anything else up down left right that you would want me to check out or look at here Briefly, uh, great to see Franny one of her Resident members inside inside her live trading room joining us on youtube today. Appreciate you joining us for any There we go, she went in and out on that trade just now I think that ibio I was asking about before right jeff in from 125 will take a look back on that trade now So look at that ugly shake, but thankfully it's starting to pick back up now You know, certainly you'd want to see this begin to or continue to show Higher lows trending back up towards that 140 ish area 145 All right, so last call folks Let me know if there's anything else up down left right more than that 5 percent. I'm going to check benzinga pro right now as we speak ibio is popping up there The gsun trade, I mean it dropped off so badly from the morning already So I feel like this is kind of that infamous second wind type of move where it lowers you in and teases you But then it tanks badly I'm going to pass on it The hell's going on with six flags though. That's kind of interesting You have a really big pop and run up on six flags. I just caught that from the corner of my eye on benzinga pro here What is doing with this? We traded this during the pandemic in the beginning of the pandemic. We traded all these casino gaming entertainment based stocks six flags davin busters Obviously the major casino stocks like mgm, etc All right, what's doing here? I six flags spiked to a pre-market high blah blah blah. This is actually from This is old news. Never mind. This is from january 20th. There is no news out on this trade yet Maybe it could just be a short squeeze Wouldn't shock me if six flags is one of the uh, heavily heavier shorted stocks out there within the market This thing took a huge hit 70 all the way down to 10 it ended up dropping back down over the last year or so So I know it's been bouncing already before this pop-up so far today But definitely a nice little squeeze regardless of the news or not I'll add this to our list giving it a shot All right, folks going once going twice going three times I got only one stock on our side list here and it was the uh, bobby j that bet the aunt So, uh, yeah, you tell me if this is worth watching or not folks It hasn't done anything since we left off with it The only reason you would say it's worth watching or worth giving it a look is just because of the meme kind of value it brings in case if there's some hail mary sort of pop up on it, but You know, if it if it makes any better of a move up from this point if it ends up trying to make a move back up towards 330 Then at that point we'll call it out further, but for right now. I like the slqt lixt ibio Uh, obviously six flags we just talked about and even the ai trade, you know in hopes of a bounce on that one It would be pretty interesting to see 24 holds here I was looking for 23 88 insider live traders talk workshop earlier today That was back at 11 o'clock eastern time this morning So, you know ended up breaking below there support should turn into resistance at first So even at this point when it begins to rev back up above the 23 89 price I wouldn't be fully as convinced in jumping in just yet. You'd want to see it begin to solidify the support Which you're starting to see right now So I feel like there could be some good opportunity coming up here on this ai trade Uh, you know, maybe the others too, but I like the ai here so far The most out of all those different deep learning ai trades So no for right now folks for all of us on facebook live twitter linkedin youtube Hey, I appreciate you sticking with me each and every day each and every afternoon We'll continue with our streaming here across the afternoon But if you have any other questions feel more than free to shoot me a quick email josh at c2 trading.com is the handle Otherwise though if you're interested in joining our live trading room getting full commentary throughout the entire day Audio and chat just go right down to the link on the blue banner below the stream right there to get yourself started Uh, but aside from that Rich will be on the mic at least coming up folks for sam leda jeff grant and john ruth Any of our new trial members here welcome aboard first and foremost and uh, you know, hey just keep in mind as a new trial member Lastly before I sign off, you know, we would not want you to um Trade and risk your capital, you know, what I kind of call your hard-earned money You know, you got to learn before you can earn So now hopefully the afternoon afternoon provides a lot of different opportunities for our students But as a trial member, I would simply just observe sit back Just see if this is something that we could do on a consistent basis and then from that point talk to us You know, if you're interested in learning more about our courses. All right But um for all of us here collectively we look forward to chatting with you folks coming up pretty soon. Take care