 All right, Sabra traders welcome on back here this Wednesday afternoon here this January 4th Shortly after 2 30 p.m. Eastern time great to see Ravina still with us here Mark Chuck and Michael and a few more of us here inside our live trading room later included great to see all of us You're live and great to have all of us back on social media Facebook live or YouTube Folks markets are dumping off right now getting a huge retracement back down ended up having a nice squeeze up early this morning but I think the markets are reacting to the Brief Fed minutes meeting that ended up finishing up at 2 p.m. Eastern I know aside from the bigger FOMC meetings that are you know every other month roughly I you know, you could always check the calendar right from the Fed website at least But you know these smaller minutes meetings you'll tend to see some headlines come out from some you know different people out there So I'm not going to go through all the different headlines out there that I have from Benzinga But you could see the reaction at least for right now You know, hey always goes to show though that you know Even in even as the markets are dumping off and just like yesterday, you know It doesn't mean that not every stock is going to go with it, right? So, you know, you're gonna have a few stocks that go against the grain move up on their own accord on their own ability off of either You know news of their own or a short squeeze So of course we start off back right on Cala So, you know, this has been just like an utter dream to trade here across the last several days And I say that just generally speaking looking at how much this had moved up Virtually day over day over day like all the way through there is no one red day from yesterday morning But you know aside from that it's been pretty much a straight shot up, which you never expect So, you know, it's easy to leave money on the table. It's easy to be intimidated and not jump in I did not trade this today myself But for those of us that did like Robert or John or maybe Chuck or a few more of us here inside this live trading room You know, just hey if you wanted to have some fun just lower the share account Do it on maybe just one share two shares. That's it Well, you know, at least you're doing it responsibly, right? No, there's no need to put yourself at that much risk and trade this thing on a thousand shares two thousand shares If you got the pockets for it, congratulations to you But that's not like what our intent is though like our intent is to at least do it within a reason I stayed away from this thing at least but for anyone that got their hands on this and ended up making some money Congratulations, you know what with that in mind Let's have a little fun because you know, I thought of this like right before we started this meeting live You know, I did a little countdown on our stream yard service and right as that was going I thought of this I'm like, you know, this could play well right right now with this review So really hand up like this is the first time I thought about this right now because how could I think about it beforehand? You know, if I was expecting this to dump off even back from Thursday and Friday last week So with it now we're tracing back up to break new highs Let's actually use like a fit like I I'm just interested here Like if I were to split this into maybe like a 15 or 30 minute chart, you could see the extended run up Virtually pulled back and then the spike back up again Like I want to see if I could use like a fifth extension and I'm just like totally doing this right like kind of like From the top of my mind right now So if this doesn't really play too well then so be it But if anything you go from bottom to top to bottom again to project the next set of levels above So of course a shot above the sixty one point eight as you could see here roughly like right around fifty one fifty fifty one fifty nine That is but nonetheless so the reaction after is a pretty violent shake back down This should easily complement fifty bucks if this even decides to move back up again You know again It's not often that we find a stock that ends up opening up at six back on the 28th and here We are five trading days later, and it's up, you know nearly 10x That's insane right Ron saying the spreads ridiculous. I agree and that and that's like, you know complimenting it Right, so if you're looking to roll the dice I don't really want you to partake, but you are in control of your own money. We can't you know Refrain you from pulling the trigger or pull the trigger for you, you know as a trial member And this is nice to see but even as a trial member joining our live trading room here for a week We don't advocate for you to even trade it all let alone something as nuts as this So, you know, I personally expect for this to just consolidate heading into the close You know if anything kind of like right here would be your next fib support So to say off the extension what is that like right around forty one fifty ish roughly Yeah, like about ten points lower forty one fifty eight And we'll draw a line there for fun right there I mean it does line up pretty well It looks like it broke out from there as resistance so resistance flipping into support doesn't shock me But that's pretty cool. How that lines up, but yeah for right now I'm not too interested in putting Cala on our main special watch list right now You know, there's I'll be honest I mean aside from the market dropping off now We'll find some stocks eventually here, but going into this meeting Between you and me for all the since out of our live trading room Bill Allison Grant ravina, etc You know that there really wasn't a whole lot that was too tempting I mean the Cala was looking good going into the late morning The VVOS was a great trade from the late morning as well as some fibs up there, too No, this is still prattling around my big support I'm looking for off of one ninety four and two bucks So, you know, that's right here the 50% line bottom top I ended up putting a fib there too, but you know between that and two bucks I'm looking for a bounce, you know on this trade. I just given the liquidity This is way easier to read at least way easier to get a grip on so You know as much of a tease as this is right now It's still like kind of in contention So I'm not gonna put this on our main list yet, but I'll definitely come back to it Doesn't shock me if I end up putting this on our list at the end Right now it really needs to hold this though because you know it held it at first Broke under it held it as resistance resistance popped above it So, you know, it's been pinning it here as support. This could be a good play But let's see it really begin to shoot up and move off this two level The stock came out with good news earlier this morning and pre-market off of like in a phase two Clinical trial news of some sort of drug this in a GERN GERN with a two that came out with the pharma news today All right, so, you know, hey, let's go from top to bottom Otherwise, you know, like I said, there wasn't a whole lot that was as tempting leading into this meeting right now Hopefully there will be something that we'll run into You know, we got a bunch of cheapies here though. Look at this on the top of the gainer's side like 34 33 23 Cal is next after that back in cheapy lands here. Look at this 40 cents 35 cents 27 Jesus, that's that's how you could tell it's not like looking as tempting of an afternoon at least You know, this IMA beep doesn't look half bad Running into this right now. I don't think we really focused on this as much, you know From the morning session just to be straightforward with you. We are focused on the others So this did pretty nice nice move from like 425 430 up to, you know, 550 ish teetering around that price now Think really quick just to jump back Unless if this ends up slingshotting right back up ASAP, this just broke below that uh, 194 So be very careful now on this VVOS at this stage All right, so going back to that last one. What was that? IMA be Not looking half bad. Hopefully I don't give this a kiss of death either, but this one's pushing up pretty well Uh liquidity is kind of thin on the book, you know a bit of a spread, but we've seen worse It looks like it's breaking multi-day highs as well. So pretty extended also But looks like it has a lot of recovery room at the same time So, yeah, I mean could this be the next big short squeeze? Don't hold your breath for it, but it looks good on the chart here for right now We'll put this on our watch list. It also is shortable This ends up pulling back and like failing to break higher or makes a false breakout like I just referenced Uh, you know in that case then it could be a potentially good short opportunity I mean look at GERN, GERN I know one of our students Lawrence killed it on this trade Took this on several different entries and like made nearly a dollar on it So it's a good stock that you could have held on all the way through good stock That you could have had you know multiple entries on scalped along the the day But this was the other farm of stock from pre-market that we had our eyes on coming off of like phase three news I think even so even better So the issue on this unfortunately, obviously it didn't really continue after the market opened up This stock has a history of that though. So, you know, whereas myself and Fausto always talk about You know history has a tendency to repeat itself just looking at the daily chart or maybe going back to the weekly You could see that this stock had a huge run up back in 2018 Fizzled out had a huge pump up at the end of 2018 completely crashed and then You know, maybe I'm sure one or two of these you know weeks along the year We ended up following off of some sort of news, but same results pop and drop So, you know with it being shortable today on my trade station platform This actually was a much better short opportunity than it was a long Is it possible now to get the bounce into the close? I mean, I guess you could wish for the same thing on this as I was hoping for a moment ago on VVOS, right? So I'm not fully committed to GERN right now. Maybe I'll come back to this at the end All right, what else we got here though? We works I mean Fausto was on this one earlier this morning during our audio broadcast inside our trading room So, you know had a nice little pop, you know, hey, not the biggest not the best But we'll take it and you know, even after we took our eyes off it ended up making a nice continued move up higher later on So right now it is kind of where we want to see it here at this time of the day, right? The issue is that it might be too liquid got this big 50 000 share iceberg order It needs to crack over pretty cleanly roughly around 42 50 000 shares just about But again, I mean it could be another one of those short squeeze type of stocks that we just referenced, you know Kala and VVOS, etc Low risk for us to put this on our watch list at least so we'll do that SII this thing is I mean we talked about this so much on the downside breaking all-time lows if I'm not mistaken at least So we know this thing has a huge Amount of room to recover thing ran up towards 220 dumped all the way back down even from like end of last year into End of 2021 here we are in 23. So, you know all the way down over into 2023 now So, you know, this has been a nice short squeeze so far today and hopefully it can continue This SI stack I'll put on our watch list here looks good Hopefully this could just build a higher low from here squeeze back up to the 22 before the close ZH Chinese stock. I mean normally a lot of the china stocks tend to flatten out this time of the day um KC chinese stock pretty flat We'll take a look at yin and fxi to the big chinese ETFs So you could see yin is actually making a pretty like decent bounce right now All right fxi pretty similar actually a lot better of a chart for these ETFs for the china markets compared to the smp and spy that's for sure so You know, hey, this can go both ways I you know if the china markets just naturally continue on their own great And then otherwise if the if the us markets make a bounce No, perhaps that could accelerate some movement upward on some of the chinese stocks that are traded across the nasdaq or the nyc You know, you know what i'm talking about. We're talking about stocks in our in our live trading room xpev We're talking about billy. I mean this is making a pretty sharp squeeze up now Albeit not near the highs. I mean this at least looks pretty sharp neo of course I've been a little reluctant on neo lately just after their ceo came out some like headline about You know them not really forecasting too much over the next year I think you know a few of us are talking about that in our live trading room So, you know, it's been a great day trade to me, but as like far as a swing trade It's tough. It's just like I was more interested in xpev today Just for that news headline that came out on neo. That's why obviously you see all my lines here for xpev Ended up making a great move and you know, this is still a big close near the highs. I'll put this in particular on our list Maybe check out another china stock like iq this one's been really nice to us over the last month basically all right, so Right now. I mean so far. I have four stocks on our main list. I'm not fully committed to iq This looks pretty slow right now heading into the afternoon if it was closer near the highs different story Just to kind of finish up the gainer's side though here pdsb Nice chart nice recovery from yesterday's drop off here, too So it could be one to watch as far as a swing swing trade Speaking of actually before I forget and we're talking about china stocks I mean, I always forget about this stock mlco once again It broke above those highs that we had back from the daily chart here So a really strong move here once again this morning Not looking too great as a day trade right now though pretty flat pretty slow Tops, I'll pass on this here too data All right, I'll pass on these here folks check out mara before we finish up making higher lows still to a degree Or at least not not breaking a lower low for right now across the intro day. It's squeezing back up, but You know my stance on the crypto stocks this time the day right now normally they're big busts So i'm going to hop over to loser's side right now seeing if there's anything better Vera vera this thing took a huge hit yesterday only continued to drop off lower this morning Is this at all-time lows? That's the only thing I didn't really check on this trade I didn't prep this chart up like I did the others So as you could see I mean clearly looks like it. So this is starting to make a pretty nice little move here You know breaking all-time lows across the morning into the afternoon It's just flat right now. That's the issue. So I don't want to wait on this when there's better trades out there You know what I mean? You could say the same on envx this one at least a little bit more lively of late. There's small little movement here, but Uh I'll keep this on the side list if anything, you know for any for any of our students that focus on short trades You know who you are. I'm sure you'll be personally more inclined to follow this type of stock But um, you know, hey, if it makes a move for us, then you call it out Then us as a group will focus on it Then we'll give you a shout if you know xpev or we works or imab the you know the others on the list That's how we kind of work together as a team inside our live trading room All right, I think for right now folks. We might have a move I've been hawking it Right back up and above 194 and 2 the vvos Still hopeful on this trade. It's still very active good liquidity on the book So with this squeeze back up and above this level now this is giving us one last little squeeze here We'll see if we can make that move now that we wanted I mean hey better this stock than something that just looks like slow or like watching the paint dry You know what I mean? So this at least has that little movement to it like the others All right, so hey, let me know if there's anything else up down left right more than five percent for uh Any of us on inside social media right now facebook live or youtube. I appreciate you folks joining us right now Or any of us inside our live trading room. Just let me know if there's anything i'm missing Five stocks to work with and that's not a bad list, you know, I don't like to overwhelm all of us here. So Yeah, five is pretty good grant the shoe fits. I think All right, you got one last little ping from benzinga pro. I don't know what the chart looks like I'm just seeing that it made like a little pop Uh, yeah a little pop. All right, aci w I just saw it from my benzinga screener here my uh scanner Nonetheless just made a nice pop up like eight percent over the last five minutes So Sometimes the chart doesn't always look as attractive like you'll see me like look at it after like oh, this is garbage But this is not garbage at least for right now. This is a pretty decent pop I don't have any news on this trade no news headline at least as of yet no news since like november 10th So You know, maybe it's unusual options play a little squeeze up and down. That's it Maybe there's news that's going to be coming out in the next minute or two that we'll find out We'll talk about inside our live trading room But for the meantime, it's up over nine percent and hopefully more eyeballs, you know catch onto this trade So you know for right now more speculation than anything, but we'll put this on our watch list for now Mike's saying beats you at the high of the day. Yeah, this is actually looking pretty good So b2 not looking bad. I always like to check out the other like energy main like energy petroleum energy stocks at the time so b2 oxy Mike there's like one or two others that we typically follow b2 Don't wait. I feel like there's like one or two. I'm missing here b2 oxy I mean we can go into like apa, but that's at the lows. That ain't having a good day Pineapple energy that doesn't do anything right now And b2 is looking good though. For the meantime, it's up near five percent Michael's saying marathon as in mara So mara we've been you know kind of keeping on our side list for right now You know, it is squeezing back up pretty nicely I certainly hope that it makes the pop normally these crypto stocks Don't make that illustrious pop that we want to see at this time of the day That's just from experience. So i'm going to put my weight my money on that more than anything This chart looks great The order book looks great if you it want to ignore my advice. I want to follow mara For any advice I give this would be the one I'd say hey if you want to ignore it go ahead because by all means It's kind of low risk You know, you're not going to kill yourself. I feel trading mara if anything You know, it might just be more of a dud, but I hope it's not you know chart looks all right It's up 23 percent. So you know that with it up that much perhaps This can make for a nicer squeeze heading into the close but We'll see All right for all of us on social media facebook live or youtube Hey, if you're interested in joining our live trading room Just go right down to the link on the green banner below on the bottom of the stream there to get yourself started But otherwise if you had any questions prior to joining us or if you wanted to go over any trades that you had If we had called out or any trades of your own Feel more than free to shoot me a quick email on the side I always feel more than happy to communicate with you folks there josh at c2 trading.com is my email But for all of us there right now inside the live trading room brian michael mike and Mark at the m's there You got ron ravina bell and dan and all of us there live right now rich will be on the mic coming up in just about 10 minutes I'll be in the chat up until 3 30. I'm going to be on a coaching call with one of our students So you know, hey, whether it be mara perhaps or one of the ones that will be on our watch list xpev The vv os perhaps off that two level 194 No, we'll see if there's anything that can make a sharper move heading into the market close folks All right, I'll talk to you all soon. Take care