 All right sever traders. Good morning and welcome on back this week to wrap things up this Friday morning August 18th Shortly after 9 a.m. Eastern time and a special happy birthday. Might I say? To Debbie Fausta's wife actually her birthday today. I believe so happy birthday shout out to Debbie great to see all our students members I like here though Patrick Donald Grant etc all of our students here all our students and members alike on social Facebook Live LinkedIn Twitter YouTube etc You can hear me you can see my screen it can't see my face a little bit of a lazy Friday this morning though So I appreciate that folks now with that. Let's hop right into it CR KN has been nice little move early in the morning But then pulled back we were looking for this big break over two dollars and twenty two cents I wrote that in the chat board just a little while ago and you know, I said at the same time I'm not really expecting it because normally on a Friday were not really seeing a sharper moves in terms of intraday action You'd always get something here and there and hey with the market dropping off that we had today UVX why I was running up really nicely So, you know with that it ended up leading to a nice little trade there, but it's a nickels and dimes type of day It's a Friday. So we would say this even outside of summer months, but on top of that It is the summer. It's the dog days of summer as I'd said I was on a coaching call this student I think it was yesterday and he said no, I really liked how you said that uh, you know The the other week it's kind of the dog days of summer. It's true Like middle of August early to middle like really the whole month of August basically to me is the dog days of summer where you know Families are going on vacation. Obviously. We've been saying all week Faustos on vacation in Bermuda with his family And you know, he'll be back next week But you know a lot of other families are doing the same things schools going back into season going into like a couple weeks from now So not only that Labor Day weekend ahead. Hey my birthday come up No, but otherwise though now just to say that things are slowing down So why look to force a trade out there? Why look to really struggle to get a trade out there? If it's not just there for the taking so we'll be here until 4 o'clock all throughout the day myself and rich But hey normally around 10 30 10 15 10 30 things begin to slow down So if you make your money early, I know is slightly sarcastic with saying it but it is pretty true at the same time You know today is a good day to go in the pool lay outside No, maybe short Mara who knows now get some errands done etc. So you know with that Hey, we'll see what's out there. We'll get to Mara in just a moment, of course But CRK and actually this stock up 31% still right so I wasn't as keen to see this big 222 pop here in pre-market, but I'm not counting it out for the market open or at least after the open So if I could at least hold higher lows There's still a good chance of this to knock its head on that resistance and pop So yeah, I'll definitely put this on our watch list to begin CRKN as good liquidity has really good liquidity filled in a lot Actually, so I like that part alright, so You know what? Let's go over he next I reckon we'll just go from top to bottom But there were a couple stocks from yesterday. I did want to comment on Mara. We had said he also being one of them So the he stock from yesterday, this is a great trade great day trade ended up leading to a good dead cap Bounce after the market opened up ran from essentially like 10 up to 1250 But then from that point ended up dropping off a little bit ran up a little bit more It was just a great short great great long It's a nice stock to follow in both directions as a day trade now as far as what's gonna happen long term over time I can't guarantee that this will bounce, you know going forward beginning today into next week So forth, you know Andrea brought it up earlier We've been saying it all this week like really just know it's unfortunately What's happening in the Maui situation Hawaii and everything happening over there, you know It relates this back to 2018 with PG&A the California utility company and once they got smashed It took a little while like a number of weeks for them to make a sharper steadier bounce And I say that as a swing trade opportunity not not a day So you know as a day trade this could still look to make a slight move up higher It's up like 13% here. So perhaps it could build support F to the open and then goes If not then definitely be careful because it's still coming off some some bad heat So if it ends up failing to run up higher, that's where the short squeeze ends and this will look to drop very sharply Actually really quick. I know I showed yesterday's chart here for each a The guy go back just a little bit more here because I want to show you what happened I think it was on Tuesday this week or Wednesday Yeah, look at that. This is just from Wednesday this week. So it failed to continue at this time in the morning That was a bad whistle There we go, and then of course you're heading into the afternoon. This is when some news came out So, you know, this was just a big shake. This is just where news actually came out on top And it led to a ginormous drop. So, you know from there. That's where you have to be careful this morning on this trade for H8 All right, so he you have on our list. You're still with the CR KN Good day trades And see what else we can grab here We'll get to all the losers in just a moment like Mara neo coin, you know All those that we were kind of looking at throughout the last 24 hours Yang so whenever yin is on the gainer side, I mean that means Chinese markets are up Yang is the inverse to that. So this is bearish Chinese ETF You know, hey, we're gonna be following UV XY today So I know I'd mentioned it earlier, but UV XY and this one here UV IX It's a futures ETF. This one is but it's pretty similar in line with UV XY just cheaper So I'm gonna put specifically those two back on our watch list. I put them on the pre-market watch list Folks, there's gonna be other ETFs that move. Don't get yourself tripped up or overwhelmed These two are gonna be the ones that we're gonna follow You know, if you're doing sqqqq on the side go ahead But just I'm calling these two out if these the ETFs on our list. So, you know, these are definitely pretty strong Johnson sh Yeah, a little bit slower less volume No, actually, I don't want to say less volume training 1.3 million shares John But in terms of just overall volatility and activity actually that's trading more volume than UV XY So I shouldn't say that but in terms of the overall activity and movement I feel like this is a little bit more worth our time All right, still a little early didn't really sip too much of my energy drink this morning So I got to get to that after we finish up, but Keep it going now again other ETF cold Chuck. I know it's gonna be a big fan of this today It's up once again here this morning. So again, if you trade cold, you know, I'm sure you're gonna do well on it I'm gonna be calling out the UV XY and UV IX and no then the others H E and CRKN so far all those on our list Socks and other ETF this one actually has some great activity to it I'd be more inclined to add this out of all the other, you know ETFs if anything if I were to slip one more on there, maybe it's the SOXS Let's just see what we have on the loser side I also don't want to build out like a 12-stock watch list in general So, you know, if we have a lot from the loser side to work with there then, you know Then I'll stick with what we got but stocks here could be good This is a semiconductor bearish ETF. So with how volatile the chip stocks are like NVIDIA AMD, etc Well, that actually trades inverse to it. So I'll be decent But let's go over to the loser side here seeing if there's anything looking good had the stock far fetch I don't know what the news was out on it from after hours. I do have the time to check. So actually Let me double check the news here. I'm not doing that here All right. So FTCH could be earnings related. Let's just see So, yeah, it is earnings related mixed quarter two financial results issued fiscal year 23 revenue guidance Below estimates and that is the telling point. That's always the telling point with earnings whenever they raise guidance lower guidance Whatever it may be Um, I think there was a trade earlier this week. It may have even been yesterday Just subbing for Faust at the last four days. I barely remember what I had for breakfast Uh, there was a trade that reaffirmed guidance and it was a strong pop So that this year is issuing lower guidance meaning that they're not really projecting well ahead for the next like Remaining parts. I think of this entire fiscal year. So at that big drop in the after hours It could be a good short for the open. It's not necessarily too close to the ground floor for me You know, if we're getting it's like sub two then we're getting pretty low And also the stock is at all-time lows. I think All-time low is 364 back in 22 Yeah We'll blow there now. So Definitely ftch stock is shortable in trade stations double check to see if it's easy to borrow on your end But um, you know all-time lows. So we'll see if this ends up, you know, holding and going lower Otherwise the more drops then perhaps we'll see an eventual squeeze. So yeah, definitely good stock to just watch today day trade All right, so canon down big Uh, where is it? Where is it? BITF bit farms down big BITX bitcoin ETF It's like a futures one not really trades not really trading a lot of volume But that's down big and that takes me It's a good old mirror Well, hey eventually this stock I mean, honestly, I can't say that because if it becomes more expensive over time Then it'll become even better of a trade But the slower or the cheaper it gets the slower it will become much like I'd said with neo years back Right. So, you know, hey, eventually I'll move on from mara But it was a great long over the last couple months and then obviously in august here with the market pulling back in bitcoin Now really crashing mara has been a phenomenal short now all throughout this week. We've been calling it out I've been really harping on mara short mara short Uh, there is a reason why and I do have a little time to go over here So bear with me really quick This is level four. It's on he ready Notice that you have maybe like one or two icebergs here on the bid. Okay, that's normal. That's normal Here's amd You have like an iceberg on the bid here iceberg on the ask iceberg here on the bid Okay, that's normal amazon You got a iceberg on the bid at 130 50 big iceberg up top at 136. That's pretty far away All right, that's normal It's going on there So this actually started from monday this week. I don't have the data from monday this week Or actually maybe it was even from last week that we first noticed this myself and rich here and I've noticed this on bitcoin actually itself like crypto bitcoin itself There's a program that offers level four data for crypto actually book map does here actually but another website I use so more or less Years back I noticed this price action with bitcoin where someone was just loading up on the bid and bitcoin dropped into their Bids and it held perfect and it slingshot it back up over time And that was years back, but I've never seen this type of price action on mara let alone really Any stock I've never seen this stuff happen on any stock before like this type of stacking Normally we'd get like maybe a stacking two or three big icebergs in a row stacking up. This is from for reference from Wednesday this week. This is from 13 dollars and 10 cents all the way down to 950 just these huge 50,000 40,000 Share icebergs every 10 cents Have you ever seen this before because I've never seen this here? And it actually showed up once again yesterday It got pulled and then it showed up later on and you know I've had my eye on this for a little while now and my My theory here is that we're going to see this drop lower and lower down towards 10 10 50. Maybe even lower Uh, you know the lower you say it's less likely I feel but over time I feel like we're going to get a strong bounce from there. Well very timely elan musk ended up dumping off like You know 300 million dollars worth of bitcoin. Uh, it was announced yesterday. It was through his company SpaceX So because of that That's a better whistle. There we go. Nice drop off on bitcoin And if you remember yesterday, I was telling you folks even before this thing happened I'm looking for 25 000 on bitcoin. I'm looking for 25 k and if I'm looking for 25 k Then mara has to go with it Regardless of s and p drop sharper or slower or not mara is the uh Second largest publicly traded company in which that owns bitcoin Micro strategy is number one mara number two and mara produces bitcoin. They make it. They mine it So, you know, hey the more bitcoin drops in price, they're gonna go with it The more bitcoin goes up in price. They are gonna go with it Actually, might I say number one is a coin base. I'm sorry. That's a little Thing in my head just popped up coin base number one Then mara number two after that are number three perhaps there but still a very large company and I've been shorting mara across the week I'm still expecting this to drop off. I held on to a sliver of shares from yesterday from 12 63 price Just you don't want to hold on to a day trade position So I closed out 80 held 20 and then I don't see what happens today on it So definitely want to short mara once again. That's my long story short here for you folks So m a r a gonna put back on our watch list I I reckon riot's gonna make a similar move Right pretty similar drop off. You know if I'm gonna call out mara rise riot's gonna go with it they're kind of You know sister sister stock there and coin base down over 5 percent here So a little more expensive, but if you do trade the options on coin base that could be something for you to you know watch Um, so those are the ones I'll kind of follow for right now and then as we continue to go through the loser side here I had neo on the pre-market list it didn't really drop off too much more But it's getting close to 5 percent still So I wouldn't mind just keeping an eye on that as a sideless stock afterwards A clsk still dropping off. Yeah, that's just another side lister Um xpev is more volatile than neo. So if I'm going to put one of those two on the list It's going to be the xpev. This has been a better tradeably All right, so let me know what you got folks michael corner blmn Whoops, I didn't click on the chart there first blmn Man, it's not really doing too much their mic Thin volume on the book it's you know up 7 percent But kind of skimpy chart there spotty chart Does drts have a thin order book? I would say so. Yes, you're seeing only shares for 800 247 shares on the bid And 600 and then 100 and then one share on the ask that is very thin That's always going to be very thin to me anytime you see that type of order book. That's always thin And yeah, it's up 15 percent, but that's like more of a gamble stock for right now I'm not really too interested in it's a friday. Come on. We're not trying to We're not trying to play the slots here go to the casino And I could say that on a litany of different stocks here otherwise here, right? There's plenty other stocks. I could say that about you know, hey rost pop 5 plus percent after hours yesterday Obviously price aside, but you know, it's very thin not really a whole lot doing there on the order books So that's really just the theme i'm working with Uh, yeah, the crkn's already on our list, right? So as long as that could hold higher lows That's definitely just one to watch for paul my concern on it if there is one, you know, it's tradable and all that good stuff, but We've never really traded this one before have we Never really traded this stock before so And I truly mean that because maybe unless if we had called it out back from here I don't think that we traded it here. So anytime there's big volume I could like say oh, we likely traded it maybe here we did I honestly don't recall that moment, but It's just to say otherwise this stock doesn't really trade a whole lot of volume outside of those two days It's already trading five and a half million shares So is it gonna pop higher and make a strong run? I hope so if it doesn't you know, which way it's gonna go after so Yeah, jeth. Just look at my chart just my chart right there. I just have the line on the chart right there That's the level I drew and that's what i'm interested in that level Yep Donald says amat rost de all good earnings forecast all very expensive. Yeah, exactly. That's what I'm saying like, you know Those could move after the open. Maybe you could buy calls on them if there's a good shake to find support But otherwise if the markets keep sinking lower then these are likely to go go with them All right, so folks. Hey, I think that we're just about good here Maybe I'll check benzinga pro just lastly my screener or my scanner. I should say didn't check that earlier Not a whole lot. I could just tell right away the he stock we got uvi x we got no need for anything else crkn We have still All right, so hey folks if Fausto was doing this meeting you would hear it from him And if he's tuning in well, I'm gonna say it because otherwise he's gonna get mad at me if I don't say it It's a friday and nickels and dimes do not look to force anything out there That's why i'm rejecting a couple trades are bringing up to me because there's no need to try and roll the dice on a day like today And not only that I think there's monthly options expirations today too if i'm not mistaken correct me if i'm wrong there Today's the 18th. So I think that there's some monthly expirations alongside the weekly ones. So there could be some extra volatility perhaps but Once we see it then we'll say all right that could be some good activity to follow Mark says you are correct on the options. There we go All right, so folks. Hey enjoy the morning if you ended up making some money in pre-market then Hey, just chip away, but I'd look to finish up early just hey start the weekend early get some errands done or otherwise just Have some good old fun. All right, so hey best of luck trading going to the market open Myself or rich will be back on the mic later on today Just at 2 30 for the afternoon meeting if you have any questions for all of a sudden social media Feel free to shoot me over a quick email Fausto will be back next week to do these meetings in the morning But my email address is here josh at c2 trading calm any questions send over my way and hey If you wanted to join us inside our live trading room just scan that qr code on the top left of the screen right there Get you access to our live trading room just all of our students like john michael grant jith paul data Mark and all all of them otherwise. So hey folks. I will talk to you all coming up here just at the opening bell