 Alright folks good afternoon and welcome on back here this Thursday September 21st getting better at tracking my weekdays here Great to see Mark still with us here inside our live trading room great to see Leda now with us And perhaps a few more of us just waking on up joining us right now for this afternoon meeting So great to have all this back there inside our live trading room Good to have this back if you're joining us on social media Facebook Live LinkedIn Twitter YouTube the works now I mean not too much of a surprise for myself I was looking or expecting it earlier the markets to break lower pretty much heading into this afternoon meeting or at least shortly Afterwards and here we are now so something I did not show but I was just kind of playing around with on my Other screen here if I can share there we go You know, it's got a trading view chart up I just tracking the SMP and then this is just another screen So I'm just blocking that but that's just another ticker here. You could see though This is this morning the SMP graph at least not even the spy the actual SMP SPX So basically at what I was following throughout the morning was basically this trend line off the lows I thought okay. Well, not only can you use a trend line, but let's just set up a channel just figured why not just set up a channel I Didn't necessarily expect it to hold so perfectly in terms of the move back up Yes, it broke above this midway line But then as it retraced back up towards the top of the channel range here and ended up just kind of holding it perfectly Pop and drop in right back down towards the bottom of the channel here we go And I think there could be more room on the way down So with that said I think there could be some good shorts to work with now Don't tell that to Cosmo here right Cosmo up 12 plus percent It's actually holding pretty strong now at the highs and it's a stock We are familiar with inside our live trading room good order book for right now So yeah, definitely. I'll slip this on our main list to begin Cosmo and Now with that though really quick for all of us just inside our live trading room as I choked this from earlier You know late lunch here so far so for all our gold platinum diamond students You have access to the fees to stock horse lined up at 305 Eastern time and be talking all about setting stops and taking profits That's the name of the class actually so now really a lot of live market where we have a chance to go over Trades from today, but also perhaps trades live that will look to follow here this afternoon So if you're later if you're mark if you're Michael Grant Kathleen Barbara Michael J or any one of us here Hey, if you have access, I look forward to seeing you, but let's be quick Let's be quick here. Go across the top percent gainers list and losers list here SGBV SGBXV. I even messed it up the first time. I was gonna say try saying that three times fast this stock I guess is a new IPO SGBXV SGBXV SGBXV. There we go. I got it I guess I could do it, but Let's just kind of pass on that though for the meantime bad order book bad trade Same could be said with a lot of these stocks. I mean you got to go through like penny stock lands here, too LIFW pushing up a little bit, but it's 20 cents PBTS pop and drop already Murph like Smurf, but Said that earlier in the week and then popped and dropped and once again here today pretty much opened up and tanked Once again the SPR Y Wow, okay So I just step away from my desk a little bit just before this meeting started I would just you know move do a couple errands and you know with that came back and I had missed out on this SPR Why actually probably left even after the run be transparent with you if I'm looking back on this run the way I am Yeah, I mean all together we are in class until 1130 and then after that I really had missed out from there 1130 to like 1230 it did move up quite a bit there. I know Richard called that inside a lot of trading room I'm scanning the chat right now looking it up right now inside the cyber group room So it's good call out from him and yeah, if you're able to follow that at the time Really to your advantage has a good book and ran up pretty nicely filling the gap or continuing to I wouldn't expect it For it to continue to fill the gap over time. So it did pull back It's flat now Not really that thrilled with it here at this point So that's one that we will have to live with if you had missed out on it We talked about just emotion and psychology earlier You know, it's not as easy from for us to just you know, let go and just accept and swallow the fact that we just missed out on a good move, but You know, hey, we got to do that and then we got to move forward, you know, just think about the next trade ahead SPLK, you know, it's interesting. So SPLK is a buyout actually. Hey in relation to class and what we covered even yesterday in phase one news buyout There we go Now it's pretty interesting. I saw some options trade or someone had posted options trade It was on Twitter and it was in relation to this SPLK like just maybe like a day or two ago Or from last week someone bought option calls on SPLK and they're like 44 cents a contract now They're like $18 crazy move, but uh, I wish we all knew that stuff ahead of time, right? Yeah, this is a buyout either way, you know, this is a more expensive one though So as far as like what we covered in class I had mentioned specifically is it possible it can make like a dollar move at the open Yeah, but it's 144 dollars think about it So we're not trying to like scalp and take pennies like you know, just there's much better trades You can make real actual income on Probably on the way down with the market tank in here the way it is So let's see if there's likely anything on the loser side for right now Cosmo makes the gainers list or makes our watch list rather for for right now that looks good But oh, I'll tell you what with market dropping off. Obviously. He said UVXY pushing back on up that was choppy throughout the morning session So we're hoping for a much better trade in terms of direction across UVXY at least market dropped off But this didn't really continue to push up that well You know in fact when the market's made a small reversal just before this freaking tanked So you could see how volatile it actually is if you happen to have a good Good direction across the market heading into the close then there should be a great trade At UVXY you got sqqqq which seems to be a little bit more Contained, you know a little bit easier on the eyes in terms of the the shake down the move back up So I'd say both are good and just sqqqq probably the less volatile of the of the uh, too Yeah, another one there too like UVIX, but we're not gonna add them all Those are the two that trade the most volume in my opinion UVXY and sqqqq here All right, so with the market down the way it is I'm not expecting to find much more on the gainer side, but GPS actually is up Just wanted to check in on the chart here up over 5% gap There's one that got crushed earlier in the week We called it out as a short with coals really quick may as well check it on coals This is still dumping off. So yeah there and there goes so it goes to show the difference between the two there Macy's Percentage wise, but nothing really more to it. All right, so let's see if there's anything looking good on the way down, right? CCG no shock that this is down another 46 plus percent TV TX looks like this took a big hit based off some sort of news that has have come out, but Right now pretty flat for us right here. It's down over 41 percent So is it possible with a good book that may be heading into the clothes? It might make like a late squeeze perhaps, but it hasn't really done a whole lot over the last hour here You know bounced up a small bit off the lows, but maybe I'll come back to it at the end If you want me to come back to set the end, I'll give it that TV TX you'll come back to this WW what goes up does come back down this thing got smacked Bad off that 1210 level really bad and we're not just talking off this one little high here We're talking back from like a couple months ago Yeah, look at that perfect resistance right there at 1210 and we're calling that out Hopefully at least at the time yesterday for it to break higher hold support run, you know into the afternoon But never did hold back below that pricing and drop So if it's not going to break any higher you figure that it's more prone to go the other way But it just goes to show that I could do it very quickly the following day after down over nearly 15% Actually, in fact, this is down at the lows kind of here, right? You know 963 it's starting to wiggle up a little bit right now But I'd be more interested in the short on the way down So it's not terrible to look at again. I'll kind of line it up with the TV TX trade Come back to it here if I feel the need to TKO. How about this? We talked about this in the morning audio broadcast. We do foul store myself You know we knew of this from like a month ago, honestly or even before that We knew that you know big companies out there Even if you don't follow them just you got to realize like wwe old wrestling, you know They are a huge company like valued in the billions For anyone that follows like combat sports boxing as much but UFC They have grown to become bigger as a company market-wise compared to WWE They're privately traded or at least up until Endeavor bought them out Endeavor is a publicly traded company. They were until they merged with WWE and now they had this big ticker here TKO Get it like knockout. So TKO. I think this is the old WWE stock technically, but uh, yeah, it took a huge hit today I had no idea that this was down as much as it was when I was even talking about it I was just kind of like loosely mentioning the story there and I noticed I'm like, wow Not only is this moving down, but this thing is getting clobbered right now. So at the time I didn't even check the news. All right. Yeah, I didn't see any really that looked like major I know there is some news in relation to like one of the w one of the wrestling shows only wwe shows going to USA Network dropping deal with Fox next year, but I can't possibly imagine for that to be the reason why they're down 14 plus percent right now Could it be investor sell-off? Could it be Insider trade, I don't know. I'm not ripping my hair out on that It's just to say this could be a nice discount over time And just the more drops then it could be a more appealing trade Look at how it's trending heading into the end of last year into this year beautiful move up So as far as like a short today on the way down, it's just got too thin of a book way too thin of then Well, it is the old wwe stock so at the merger looks to be shortable looks to be easy to borrow So it's not like the same rules as it would be for like an IPO technically like Instacart or whatnot So it looks shortable, but the order book here is just really too thin. I bet you the option order book is a disaster Now on the other end of that spectrum between tradable not tradable this thing looks a hundred percent tradable on The way down it actually showing big volume filled just recently here at 720 Good short red fin not bad or DFN Now, let me ask what what a what company or what sector is this company and do you guys know from Mark Leda? Richard Michael a pair of Michaels trio Michaels Michael B Michael D Michael J But for all the insider live trading room what companies are DFN and red fin I would have been a real bozo if I thought I knew and I came out wrong on this But I'm correct as our Sam and James and Mark real estate. Yeah residential real estate broker So it is red fin the company, right? So if you look up red fin dot com You could look up all sorts of prices on houses and rent and all that stuff Well, they took a huge hit back a month ago and now they're only continuing to break lower here It looks like they're approaching historical Area here at least back from earlier this year as far as historical really have to go back to long-term chart, but Roughly around like 670 ish 650 ish on a lower end, but even again if you go back on like a weekly or monthly Scale let's even go back all the way 20 years back. So looks like the IPO only in 2017 That's pretty interesting. I thought they would have had a lot more data to them Actually, so they were breaking all-time lows heading into last year Maybe I maybe we call that out. I just forgot but yeah, I mean, they've only had data from 2017 Let's take a quick look one more time But it doji on the weekly here at 619 I could possibly be support Either way is a short heading into this afternoon 720 if it maintains this as resistance I think there's more of a chance for this to just seamlessly drop down to seven and we'll go from there Hey, what do you know about 14 15,000 on the bid even All right, so good trade red fin on the way down. I like that and I'll tell you I mean this is really a very tradable stock on a day-to-day So I don't know what the option order book looks like, but probably be a little bit more liquid on this compared to The other one was TKO or weight watchers, whatever the case may be there All right, so I mean there's a lot more that's down percentage wise here I don't want to look lazy some is will click it EDR doesn't look terrible That's why we shouldn't look lazy and click So it's just not at the low of the day right now. This thing took a huge hit earlier So technically LOD is at like under 20. It's got a ways to go. It's tradable. It's turning down pretty nicely, right? So, you know what? It's down enough percentage wise. I guess I'll slip this on there the EDR I'm selling myself and putting this on there right now and CWK not terrible either looking at the long-term chart looks like it's breaking new lows here approaching them From May 7 16 from pandemic area 684 It's pretty much it Yeah, I mean both are tradable right they got good order books good spreads. They all kind of look the same there like Redfin CWK trade that was and I lost track of that last one They're EDR All right, so hey markets dropping or looked like it was before so we'll check back in with all of our Sidelis stocks here before we finish up if there is anything else looking good though If your James or Ryan or Grant anyone of us inside the chat board Let me know if there's anything looking good same seem to be set across YouTube and all our social streams here Cosmo looks to still be pushing up So hey, we got a couple good short opportunities. You got the UVXY ETF SQQQ ETF, but this also stock good move on the way up here here for the Cosmo trade NPT, it's not looking that great gonna pass on it. It's kind of like a Hail Mary S Just going through some sideless stocks here that we typically call out or have in the past my lovely Mara It's just Slumping off I closed out a small profit on just option call trade earlier I was in from the morning thing was just dragging me across the the late morning early afternoon And now it's gone completely sideways It may as well just take the money and run right now the thing with options trading is just that You know, and especially in a cash account where you could have a better ability to day trade the downfall of that is that The cash takes a day or two to settle it takes one day typically for it to settle So people get not to necessarily say greedy but hopeful in terms of their trade panning out and when going higher Well, if it doesn't this drops then I'm gonna be in the negative a lot quicker than you'd imagine So you do want to take the money and run if you're not feeling, you know, like the the saying would go The only thing for sure is that nothing is for sure and if you are unsure I think that you have your answer. I think that you are pretty sure Meaning that if you are unsure, that's the thing to do is get out move on. That's the rightful thing to do Um now with that in mind though. Hey, let me know if there's anything else looking good though up down left right Probably say down more than Got nothing inside our live trading room here So I may have done my job pretty well here this meeting right not a whole lot else out there Kind of scan through everything seems like we watchers Just kind of slumping off right now too. Don't have a great need to put this on our main list just yet TV TX is the one that's down like 41 percent if there's a dead cap balance possibly this could be it It's down enough percentage wise where you know, it can get me to think there's a chance Especially with it being more expensive of a stock and by it's more expensive. I mean like, you know, you see a lot of these like Dollar stocks down 41 percent. You can't get much ground like penny wise on A dollar stock down 41 percent compared to a stock that was 13 dollars yesterday seven dollars now You know what I mean? Like there's a little more maybe you can get 30 cents a share on a trade like this 50 cents a shit Yeah, there's more room with that. So Uh, I will add tv tx Andrea saying have you looked at the SPR? Why I did and I thought we said if anything on that it just looks more flat right now Stock took a big hit and it did fill the gap a little bit there from yesterday into today There is I guess a chance for it to try and continue to fill more of it But the way it looks right now the last hour I'm gonna pass on for right now But You know, it's got a good book. So it's not untreatable. It's just for right now. There's no like trend to it of late I feel like the wheels have fell off on it for right now So, you know, maybe at like three o'clock three ten eastern men riches on the mic about 10 20 minutes That you know, if there's nothing else from our list looking good and this is starting to rev up Then I'd absolutely switch gears and say SPR boy, but Watch it blasts over this 18 000 share iceberg right now and starts running. Well, I'll tell you what if that's the case We finish up this meeting right now then subject to change then right so Otherwise I would say start with Cosmo I would start with even the shorts that we have there the red fin the cwk The you know edr, etc Even the uvxy, you know, if you have level four, this is where I'll tell you you have level four Then you could trade the etfs. It's possible So it's just a matter of course seeing the markets break lower for those to go higher But where is uvxy big levels located, right? That's what level four will help you with you know finding So best of all trading going to the market close for all of us here and to post a link for class just one more time Uh, just we'll post that in a moment there for sam james Roberto, andrea Michael our trio of michaels might I say lori roger and all was just joining us here inside our live trading room And then for all of us just on youtube facebook live twitter linkedin, etc all over social streams I'm gonna post my email here so I haven't done that the last meeting or two Always like to post my email at the end of the streams josh at ct trading dot com There you go any questions or comments or emails that you'd want to go over with me on the side trading related Feel feel more than free to send it on over but aside from that though folks. Hey best of luck trading all together We'll catch back with everyone tomorrow morning