 All right good afternoon separate traders to close out the day and the week not just the month yet though that's gonna be on Monday so here we are this Friday October 28th great to see Chuck still with us here commenting on the QNG why still on fire yeah this thing is really pushing up well and we'll go over this trade in just a moment folks let me just get a quick sound check just to begin make sure all of us here can hear me loud and clear all of us inside the live trading room at least great to see Dan still sticking with us here as well and across the board all of a sudden social media Facebook live and YouTube as well folks just let me know I believe I'm good to go at least inside the cyber group room so great to see all of us there and all right perfect we are good to go on both ends so with that I mean here the market has grinded on up once again today and you know at this point right now let's just do an overall kind of assessment of seeing what the spy has done we're going to focus more on the bottom of this five minute chart but really from the beginning of this week have trended up really well ended up topping off mid Wednesday morning that was and then it dropped off since but you know earlier today ended up making a pretty sharp pop after the market had opened up to you know lead you to say hey if this ends up sticking near the highs after 1030 you know there's still a chance you know hey news comes out whatever can happen where the markets can lead to a slip and break below support but fortunately it's easy for me to say things have held pretty nicely today across the market to the point now where we're at weekly highs so we could close out this week really well I ended up seeing a little resistance on the spy chart just historically from like over 388 right after that I mean you know not to say that there's none but it's it might be an easier pump up up towards 390 even before a pullback but um you know that's at least with what's going on with the spy that could lead us to follow some some sideless stocks here taking us into the close but either way q n g y at least for right now this thing has been a machine so this is this is actually allowed us to play by our rules really well on this trade and what I mean by that is this this stock is still up over 215 220 percent right now just before it blasted over resistance at four I wrote in the chat board I said hey with the stock moving up the way it is like I'd expect big resistance at four at first and even from there we'll dig into the historical charts in a moment so this isn't fully out of the doghouse just yet even from these prices but you know it broke over four pretty quickly I mean like blasted above four at first topped off at like 420 all right well for dan grant gene charles all of a sudden live trading room simple question that you folks always answer for me you know in class but when a stock breaks above a resistance and pops off it runs off it a bit resistance flips into what support right so you know with that this ended up breaking under four and then very quickly broke right back over four right like perfect to a tea chef's kiss type of entry it's everything that you would want to see in this exact type of trade because I'll tell you know with it up as much as it is I mean hey I mean normally the stock isn't up as much like this on a given day let alone week and there's gonna be some sell-off some profit take I'm led to believe you know this is probably some like you know lower float lower volume traded stock that normally makes these poppin pops and drops and we see this all the time of course right so with that the qng y it's already up enough percentage wise when's it gonna really tank so seeing this just holds for here and allowing us the chance for the entry to run up towards 445 near 450 and even now I mean just holding forward here for the meantime but you know just I'll tell you the more it lays over this then I'll tell you it's not gonna be too pretty so you really want to see it explode and run and move off higher from these levels here right now on the ask going to level three at least I don't have my book map open right now my level four but you know at 425 you could at least see from my level three here the matrix a 52,000 share order so you know you know that's big resistance right there and then there's also a 17k here at 420 so that's what's showing on level three up making a push this thing's extremely liquid actually for the like the order book I don't know the the type of volume at the stock trades day to day I mean like just from the end of last week 8.4 million but before that just like a few hundred thousand at least at most so that's terrible the stock hasn't traded any volume prior to like the end of last week and I'm sure it waned off over time afterwards but no trading a lot today so maybe over time the stock of gain or trust is like a day to day sideless type of stock but that takes me to the daily chart so Fausto is calling this out earlier in the morning folks right over four like 402 403 I wrote this in the chat board earlier as I was on a coaching call with one of our students ended up mentioning hey like you know we have some historical levels here right off of like 402 403 right myself and Jim so with that I you know it ended up breaking above it doesn't mean that it's out of the doghouse and it's going to run it needs to do that sooner than later so just be mindful of that and even here I was noticing this right before I jumped on live for all this on social media a little bit of a channel this was in prior right back from the end of September here whatever highs these are 438 440 440 440 so look what happened just a moment ago this is where I say be careful ended up topping off where right at 445 that was from the morning at least actually so it actually held under that price just now that was from the morning the market opened up from its initial run up so you know even furthermore let's see this begin to make its moves sooner than later we'll put this on our least list at least to begin a bit of a tongue twister all right so let's go from top to bottom otherwise right now I got a coaching called one of our students coming up at 3 p.m. eastern but no formal class so you know for any of these other stocks that ended up making a move perhaps we can just like go over them you know at least maybe see what the news is perhaps on a couple of them I'd say actually I looking back on QNG why I'll just mention here no pre-market you always want to look up news when you have the time so pre-market if I'm not trading I'll look up news scan around more right cool so so news on Intel Pinterest earnings and all that these cheapies like the small caps that we traded this morning including QNG why I didn't see any formal news on that stack that's also a slight concern to me you know it's a natural short squeeze for as much as it dropped off the shorts of you know technically have been covering allowing this to pump up alongside the day traders like us that look to buy it but that's a huge gamble though once the volume peaks and dies off so that's where you want to be really careful on a trade like this just like you had from the morning session all right we'll keep it going BHSE spotty not a nothing happening there all right let's see it also you got NUVL is this a buyout check the news at least trying to make a squeeze up right now from seemingly 32 32 20 ish it's just too illiquid either way I mean just ended up gapping up early in pre-market consolidated a bit after the open lower highs lower highs snap your lower low so if this was more liquid I'd consider it but on a day like today markets are at the highs it's not worth it you know there's there's plenty of other trades that look a lot better there's plenty of other trades that look a lot better I'm not going to say that for every single one folks but you know it just goes to show right like even this one from the morning DAIO that was on our pre-market list if not mistaken so you know unfortunately that was a dud rum this one we've followed for a little bit rumble so you know recently ended up getting listed ended up consolidating going into the end of the summer and effectively tanked made a nice dead cat bounce since though what's interesting about this just doing a quick little chart session here this is like too clean for me to not recognize and I'm not going to be perfect with this but just off the majority of the lows that's clean yes the false break in between but that's clean so you know the dream would be to see this squeeze up higher up towards here over time as a target you know on a swing if that's what you're looking for that's just a quick little something to look at I'm sure that you could say the same on the downside off the highs just right there has some good trends use that as a support line but getting back to the intro day here it's at the highs taking us and going into the close exactly what you would want to see right so are you going to put this on our list all right what else we got here maybe we do have a nice afternoon taking us into the close you know for a Friday afternoon for the weekly close much like the weekly open you normally anticipate some you know you know volatility you know some week long trades options trades that you know trickle into the you know equities market here you know come into play so you know in stock like Intel I feel like could be pretty flat going into the close just because of how much liquidity it trades maybe it makes the move back up to 29 so if you're looking for like a small little trade you can do that you know I'll keep this on our side list right now Intel coming off good earnings today today though so at least there's a catalyst behind the potential run but the thing is on this trade and this is where I got you know fooled or misled I mean just it didn't make the volatile type of pop or continued move up at least that I wanted to see it made the continued move up here but it took its sweet time across the morning where you know hey yesterday we looked at Shopify coming off strong earnings that ran really well really fast I thought we were going to see a lot similar out of Intel so I had a nice trade on it from the morning ended up locking in like a good trade initially but ended up failing to get the continued move up later on I was looking for a short down a little bit more and then from that point ended up taking its time and pushed up higher without me so you know from there ended up running up up towards 29 22 it just looks really flat here compared to what it did from from the morning so you know if I'm not a fan of this year and then how long it took from this point I'm not a fan here TAL what happened here TAL ended up making this little pre-market pop from like 415 414 it's like 70,000 share ice 70,000 share iceberg order early in pre-market and I mean effectively continued to push up since I kind of took my eyes off it there afterwards they really didn't look to make a movement first but again you know thankfully if you waited long enough it worked out I guess patience pays off but you know really flat here taking us into the close so not really worth it right now just one from the morning that we had a day like today markets moving up have been following this ETF a lot more semiconductor bullish ETF SOXL really from the last week and a half we've had our eyes on this right you know even on the short side as the markets were dropping off you know from the end of September so you know saying that SOXL should the markets pop this could make a nice little move here just a more volatile sector to work with that would lead me to say hey maybe check out Intel because Intel's you know part of this semiconductor like group with AMD and NVIDIA and Micron I just feel like this will be more volatile it's more leveraged if anything so you know I feel like this can make the bigger percent move from this point Intel had the initial pop off its earnings though so you know if that's up more percentage wise up until this point that's one thing but I feel like Intel is going to be a little bit more flat oh no SOXL is actually up more percentage wise still all right all right let's hop over to the loser side right now see what's on that side of the field I'm not expecting much if everything is up and the markets are at the highs so there's our push up to even like close to 389 on the spy we're getting close to 390 pretty quickly dva 71 dollar stock so I'm not going to be as keen to follow it but just want to give it the look but yeah pretty flat for how expensive it is I'll give the same look to EW is this an ETF or something no this is what is this awards life science corp edwards geez my my eyes are bad I got this bright light right now it's like kind of making the chart hard to read like this the the watermark edwards life science corp that's a tough one to read right there let me turn this thing off it's probably even easier there we go oh that's a lot easier all right now with this dropping down to 70 this is a trade this looks like something that we can get our hands on as a as a short dropping down lower highs down to a major support level at 70 you could just see from you know more so the morning just given how like darker green this is but more from the morning we had a bunch of volume filled at the bid off of 70 but hey if the more this can pull back and break under this hold under this then it's more likely to see continuation from 70 into the close dropping off a lot more just look what happened initially to meta once it broke below 100 yesterday the more times it was stabbing that level it tanked like three and a half points pretty quick it retraced back up as the markets ended up pushing back up itself granted but it's all a matter of seeing a level getting stabbed and poked at over time you you got to expect to see it make a move so you know more expensive but this trade EW definitely a big fan of yours a short let me even just check the weekly monthly chart there's a nice catch I didn't realize this was like a viable trade based off the liquidity I just kind of ignored the stock today just really type spread a thin volume to a degree but that's just normal out of a more expensive trade so I don't mind that as much you got a really big support if you're looking for a true bottom around 66 or 65 like here that's a strong one but pretty far away from that point right now I wouldn't be expecting that at this point here back from well how about this back from two years ago literally two years ago on this week this bottom doubt I got to squint my eyes again here this bottom doubt at 70 92 well it's way below that at this point it's about a dollar off from that point so you know if it if it's just continuing to break new levels here this could be in line for a continued drop off pretty quickly so yeah I like this trade EW just trade small shares but here we go GDS this thing's been taken a huge cheese talk about a potential short squeeze down the line this thing I'm sure at some point don't don't hold your breath and don't hold me to that but the more this drops the more it's going to make a fractional move back up and for us day traders will look to jump all over that but uh that is that is as clean of a trend down a sharp of a trend down you can go from the highs there but that doesn't even match as well it's more like kind of like off this next high from the from the from the initial drop there doing a little charting today having a little fun with you folks right now look at that oh that is clean so the more it accelerates from that trend perhaps it could begin to bounce maybe even if it pulls back as low as like who knows it's like kind of there now even right like right off 960ish 950ish look at that the highs this is a weekly chart back from all the way back from 2017 these highs roughly around they're like 968 949 950 so roughly around that range eh would be interesting but you know that's just based off that one level though so you know we'll we'll follow up with this actually is a potential swing trade going into next week even but I'm not fully sold on it just yet we'll just check in check more in with it next week as a day trade right now it's just not doing enough in terms of the volume traded per minute so uh you know over time day by day we'll check in with this one all right so what else we got here folks I mean not everything moved up I mean China stocks gap down pretty badly overnight xpev neo lee billy pdd jd like a lot of them ended up dropping down early from pre-market so you know I guess they're trying to squeeze back up right now a lot of whole lot to neo or xpev right now lee this looks dead all right move on from this uh chuck saying roblox has a steady push uh movement trend we're jambalaya there nice nice move though you're right and it has a good trend so yeah I mean it's a good sideless stock at that right um you know there's a reason that's down still percentage wise on the day when the markets are up a lot right now so you know it's pushing up pretty well at this point but there's probably a lot that looks like this here so if you do well on a roblox day by day then I'm sure that you'll be more inclined to follow it it's a good one normally a al airlines are doing jack right now at least nah I shouldn't say that look at jets this is actually trending up well at the market I don't know why americans so flat you check in like a ual a jet blue maybe masses flat but at the highs cruise line maybe NC like nclh like nclh looks good right if you do well on an nclh day to day then you're more inclined to follow it gm gm if anything I'd be more inclined to watch coming off good earnings from earlier this week and you know we were following it from the end of I think it was wednesday of this week it didn't make the biggest move at the time because I believe the markets were just kind of moving up slower but now here we are going into the weekly close this I feel if anything could be a better one to watch I wouldn't mind giving GM the look only because of the news that was added on top of it similar trends as the rest so you know but otherwise the earnings that came out this could get that this can get a nice little rub going into the close all right let me just check social media facebook live youtube uh I don't see anything right now I think we may have caught them all folks I mean we can go through some more sideless stocks here in a moment but got a couple that are trending up well you know so if you want to follow those just as long as they're trading good volume per minute at least comparative to the order books then they're going to be a good trade like roblox nclh didn't look bad I don't really see much else otherwise from from benzinga pro I'm doing more of like a detailed look here we got one just see what the chart looks like at least what was it the bhse they say it's creeping up right now I guess it is the last couple minutes but it's too illiquid again all right I think that's going to wrap things up for us here folks for the day for the week all right so for all of us on social media facebook live youtube hey enjoy the weekend if you're interested in joining our live trading room just go right down to the link on the yellow banner below just a sign up for a small trial otherwise though like I said enjoy the weekend any questions that you have just feel more than free to send over through email you know just before joining our trading room if you have any questions at least prior I always like to post my email here at the end josh at c2trading.com otherwise though for Leda and Grant Charles and Chuck and all this year inside the live trading room Charles had a nice day that you messaged me had a really nice trade on the Q and G why so give a shout out to him and give a shout out to any one of us at least that ended up doing well from earlier today listen you don't need to trade at this point go into the close but if you're still sticking around the weekly close could be pretty interesting so for the stocks that we're going to start with I'll definitely be following this here with one of my students on a coaching call coming up so I'll chat I'll chat with you folks coming up pretty shortly take care