 All right, ladies and gentlemen welcome on back here this Monday May 10th shortly after 2 30 p.m. Eastern Time welcome on back here for our afternoon meeting I believe I'm good to go across the board hopefully not too loud and too clear like Ken wrote but great to See Ken Alex Leda Bobby Lore you had a phenomenal morning herself Michael Debra Norman all of our students live inside the trading room And for all of us in social media welcome on back that being Facebook live and YouTube Actually to begin for all of us on social media I'll make a kind of a double-ended announcement during this meeting one at the top of the meeting one at the end the same Announcement but keep in mind for all of us that we're tuning into this afternoon meeting from last week I made the announcement last week for tomorrow tomorrow We are conducting a special workshop a special Q&A workshop Which we always host live inside our cyber group trading room, which we will continue to host inside the cyber group room Don't worry for anyone there. It's a simulcast our traders talk workshop We'll be hosting it on our YouTube channel Just we typically do it maybe twice or three times across the entire calendar year So if you'd like to join for all of us in social media make sure that you go right to the link on the banner below that just being YouTube.com Slash cyber trading you for tomorrow's workshop And if you have any questions that you would like to submit questions yourself about trades that you may have seen us talk About or call out or trades that you may have taken yourself Well send over a question right to my email address personally my email address is Josh at C2 trading calm and just title Your email traders talk for all of our students like Jean and William and Michael and skip inside the trading room You folks know already, you know what's going on for tomorrow So that'll be the same time same place for you folks live inside cyber group and again We'll just kind of wrap up this meeting with that same announcement. So with that in mind Let's just go from top to bottom actually to begin two things actually number one For most of us that are coming into this meeting. You should know we are on a like freefall here on the spy the S&P 500 ETF we just saw this breakdown below critical support right off of 421 and as soon as it broke that right before we started this meeting just about a 1.5 point drop so far already returning back to Friday's high or Friday's open I should say so we'll come back to the market see if there's some some good shorts to work with going into the afternoon Just because we have a falling market doesn't mean that we can't make money and that goes for both You know just shorting and then vice versa You know just because we're on a falling market doesn't mean that everything is gonna drop We'll try and find just opportunities both ways the OCG and this has been squeezing up really nicely going into the day today And you know here right now It's trying to make a second break back above or not second But you know another break back above 10 to see this make the real push that we would have hoped for earlier This ended up actually breaking above 10 once before here, and I thought it was gonna pop and drop I didn't take this trade off of 10 I ended up missing just about 30 cents ended up popping up to a high of 10 29 Pulled back down, but it goes to show why you can't catch the falling knife on the way back down So ended up losing its momentum fell off for quite a bit held generally over like 970 975 ish Perhaps and yeah for right now making a higher low off 980 blasting back over 10 Hopefully a lot more buying off this run and so far so good nice push. I mean already up 12 cents from that level I'm sure that you're gonna get some shake arounds on this trade. It's been pretty choppy from the last week and a half And you know today ended up providing opportunity both ways dropped off at first pop back up afterwards ended up dropping back down from that point And here we are now so you know to begin OCG and I'll just put this on our watch list I don't know if I'll like be at the top at the bottom by the end of it all But what we'll do is just rip it from top to bottom here folks go across the Gators list right now I got the PTI X. I know that rich was commenting on the pop the run up just before it looked good And then out of nowhere just like that ended up just you know falling flat ended up kind of teasing this like pop over $4.20 came right back down below for same thing with this as it was on the OCG and you can't catch a falling knife So in the sense of the breakout over for that led to a nice little move But man an unexpected shake and getting filled on the way down It's like you know so to say you're going against the momentum catching a falling knife If anyone's ever swam upstream before it's pretty difficult. So same to be said here So yeah for the meantime this you know PTIX trade it ended up making for a really good trade after the market opened Got halted on the way up ended up pushing up higher later on but for right now it's like garbage All right, I'll keep it going here OBLN ended up making a nice sneaky move not OCG and OBLN I've been getting those two mixed up just my traders dyslexia today ended up making a nice pop pretty much same move as PTIX ended up making this like accelerated run up after the market open from like 240 up to 4 Ended up came coming back down CUE I don't know what the news is on this stock, but it says it right in the name Bio pharma, so you know, I don't know if it's phase 1 phase 2 phase 3 But ended up making a nice squeeze took a while to get the gears going But it ended up making the breakout higher from 1450 later on And as of right now, I guess it's sneaking it back above 1450 as we speak Maybe trying to make the same sneak move back up as OCGN here You know for right now, I think that this just doesn't really have to Filled in of an order book for me to like really be super interested in it It's making nice balance. You could say now from like, you know the low gear 1420 ish will call it pushing up Maybe I'll come back to it at the end See if there's anything looking better though in terms of the order book Uh something that's maybe stronger to its highs leds is definitely not that Pte level one trade from earlier today a nice little slingshot move from like 118 Once it broke back above 120 that was it but um, you know again Same thing volume fell flat after it hit its high and it's not just going to consolidate in a tiny tiny range It's going to come right back down if it fails to break higher So you got to be careful of that Uh tgls just not a whole lot happening there. I'll tell you for a monday going into the day today I mean even before fowlsto started the morning broadcast at 9 a.m. Eastern I was on my own end here and i'm just like, ah, it's a monday not a whole lot really happening I wouldn't have been disappointed just by not trading at all I'll tell you it was a pretty good morning. It was actually a pretty decent market open for myself between the OCGN We ended up catching alf ended up catching Uh, what else to be at? Oh the vtrs as well. I forgot about that We'll go to that in a second, but the uh prpo man I mean just this is the uh, perfect example of just seeing the momentum die off on the way up and Once it dies off on the way up. It's not to say the momentum completely dies off It's that the selling momentum increases and then people start taking profits much like we saw back from friday We ended up seeing this make oh, no not friday. I'm sorry. Uh from last week I got to switch this daily chart trip me up From last week, you could see the same thing though it ended up making a solid run closed at the highs did good But you know, although it pushed up higher the next morning Look what happened the following afternoon Perhaps ended up dumping all the way back down closed lower than it had even opened up And dumped back down so it's the second win type of move here But the dump off here is like really not surprising at all very well expected to to be honest there Unless if you could short it I'd move on uh party city man. How about this today talking about right near ties You know, it's about 15 cents off perhaps 20 cents off But you know heading into the final 45 minutes or hour, you know, at least from this point forward This could be a really nice trade, you know building a support right now seemingly off the chart right off 940 Not really a big iceberg order on the bid sitting there You see an order on the ask not really too big, but you know the biggest 10 000 shares at 955 So that should be treated as resistance for right now. I definitely don't mind putting party city on our main list here Familiar with that stock off of news or off burnings All right, so we'll get to btu here This one ended up making a really good move after the market opened Essentially popped right out the gate. We kind of caught it a bit later on expectively So, you know, it ran all the way up to 550 started to uh, or 5 60 rather and consolidated held above that as support squeezed up higher But more so going into the early to mid afternoon We ended up seeing this hold a higher low and run back over six So a couple couple of us jumped in and out for about 10 12 cents on the way up You know, it's not normally the best time the day to be trading here prior to the meeting starting here But you know, you'll take it right you'll take what the stock can give you so, you know, it ended up topping off at a high of like 627 It's pulled back down So it's not as strong to its highs perhaps but the stock is shortable So if it craps out the other way in that case should that happen then, you know That could be a pretty interesting opportunity either way though. We'll look to just, you know, follow this for right now All right, let's see what else we've got TSS here pre-market pick each just dud right after the market opened and Yeah, afterwards not a whole lot happening This alf trade was pretty interesting But it took a while to get going the setup was off at 4 and 390 really here Uh, you know going into the open the stock was dropping off as high as at the time So going with the momentum, it's not surprising to see this pop and drop right out the gate But I was watching this for a bounce. I was fortunate to catch it practically right off of 4 and 390 here I had to average down but ended up catching the squeeze You know for what it's worth on double position. It was a good trade, but At this point now, it's not really making any sort of good move up or down for us You know, maybe keep it on your side list for this week. It's only monday. So, you know, maybe by wednesday thursday this week It can make a move Ho-ho coinbase. I you know, I'm not normally following a stock this expensive anyway So I didn't really see this at all up until right now I'll bring up my bitcoin chart just by the end of this meeting I'll be sure to get to that sometimes I go off on a tangent kind of a fail to bring that up But I will by the end of it 10 stock here from earlier this morning not really much going on now All right vtrs. This was a nice push from earlier today. It was earnings based I mean, we're not really too familiar with this company So like it was not on anyone's radar in terms of like earnings to be coming out today But you know, it's the type of move at least here after the market opened It kind of held support off of 1480 popped back up from there and ran So it was a nice little trade from earlier today Maybe keep it in mind for remainder this week, you know, so long as it's shortable Ken's calling out the short on vtrs alongside that mara. I mean, they're not related But he's calling that out inside the trading room. Yeah, I mean, this is rounding off right now If you're in from like 1530 or higher. It's a good price Um, yeah, I mean, I would just kind of keep it on your back radar there Keep it on like your your uh side list All right, so we got ocg and already here number 35 in the gainers then let's hop over to the loser's list With the market dropping off seemingly enough you'd like to expect for there to be more on that side, perhaps r e k r Wrecker systems. It's getting wrecked. That's for sure. This thing is getting crushed. It's on the way down to 13 down over 30 plus percent across the day Uh, I do not know what is happening and that was my pun of the day by the way. Um Let's see what else we got for news here on this re kr trade Looks like just earnings as well on this one Hey, again the same thing with this as I said before on the uh vtr s It's the type of move that we don't normally trade this stock But off of earnings seeing this down over 30 you'll just remember it for the next earnings report Just keep it in mind. Uh for right now at least yeah, it's off the lows a bit of a spread But it's off the lows and short shortable. So Yeah, I'll I'll give this a look the re kr trade Ken says low volume. Yeah per minute. I would agree It low thin volume on the order book too But I like where this is at near the low as much like I would say the same with a stock near its highs Uh, and this this is short if it wasn't then I probably wouldn't have been as keen to edit but Vff same thing this one's trading more volume per minute You could say that just based on the volume traded prior to two o'clock and afterwards But that could be a bit of an inflated number at times But either way this one has a tight spread has really good liquidity on the order book Village farms. I'm guessing earnings on that too. I don't really care to look to be honest with you I just want to finish this speeding up kind of soon So we could all get started trading going into the afternoon But for right now at least it's near the lows same reason as Same reason I put this on the list is I would be re kr And you could say the same with mng or mgni here too Magnite ink ended up dropping off here throughout the day today. It's at the lows, obviously Not a 52 week low looks like it came down to Well passing peak point here right around 33 that was back from like last week even Ended up breaking below there today That's like kind of in that consolidation. I guess I'll put this on our list too. This one's a little bit more expensive So if we're comparing this to the re kr I mean both have similar type of order book but One's doubled the price compared to the others So, you know, I'll slip this on on our list if you're interested I again the same reason is I would put this on the list as Vff as I would re kr Ah now we're getting a little too pricey. This is near the low of the day So I like that but $47 stock bigger, you know spread thinner volume on the book even compared to the last one Gotta draw a line somewhere All right, so let's see what else we got here across the loser's end CLSK, I think clean spark. Yep Familiar name at least we're pretty familiar with this stock as it ran up going into the end of last year Ended up like shaking around like all like no other afterwards there Like down and spiking up this day then right back down This thing has been a mess since but you know on the way down right now. I mean, hey, again, I'll put this on our list too, right Not a whole lot of volume filled off the 1650 level at least compared to what was filled off of 1660 ish 1662 here I just said that based on the trade station matrix volume bars to the right side of my screen So maybe keep that in mind as like a potential top here in the meantime All right, so folks, I think that just about does it from my end I'm gonna check out youtube facebook live and alongside them all of us live inside the cyber group room Let me know if there's anything else up down left right more than like 5% that you would want me to look at Ken talking about the marrow trade, which I'll bring up my bitcoin chart now at this point Ah, you know, hey, this is this looks like a screaming short But it looked like a screaming short back on friday At least at this time And it looked like a screaming short back on thursday at this time so Again for anyone new here, i'll explain But for anyone that's been watching me here in the meeting to see a stock like mara or riot at the low of the day Down around that eight nine ten plus percent There's a pretty damn good chance at this stage now We're gonna get a dead cat bounce based on past history You know the things that will affect that will be a a sinking market like we're still seeing here on the s&p The spy so this might be a stronger day to see conviction on the way down with that in mind But otherwise i'll bring up my bitcoin chart I got a minute chart here. Let's go to the hourly. I don't have all my fancy moving averages up This is actually like a reset i'll get that up for tomorrow But uh, this is an hourly chart for bitcoin You could see practically across the last three hours four or five hours really sands the squeeze up that we had here It's just gone down since so, you know with the falling market Obviously, we're going to see bitcoin drop off with it We haven't really seen bitcoin completely run against the grain when the markets have been dropping off So it wouldn't shock me to see this drop off a little bit more should we see the markets fall off going into the After hours and into the evening with the futures Um, but with that in mind, we'll kind of see where riot and mara i think mara more so Land heading into the afternoon. I'll put mara on the main list ken I'm looking more for the dead cat bounce, but if you end up getting the short then You know, hey, I'll follow that too big support on the bit off of 28 Ken says up 29 cents holding overnight. All right, there you go. All right, so maybe on a swing basis We'll see continuation on the way down just be pretty mindful for a dead cat bounce for the next hour And then just otherwise watch 28 All right, so what else we got here from mike you saying jessica alba's company Down again today an IPO from last week jessica alba the actress very good actress Getting all of these celebrities act actors act actresses into like the Tech stocks and all these new IPOs or all of the new SPACs the special purpose acquisition companies So that's interesting. Yeah, it took a huge hit today. It looks like once again Not really too interested in danger here as much, but maybe at some point you'll get a catch Dead cat bounce on it. All right, so folks. I don't see much else across social media ends. I believe I'm good to go there So, uh, I got all the inverse ETFs on the way up right now at the market falling off here So maybe we'll take a look at like the airlines the cruise lines You know those quote-unquote side list stocks that we've had across the last year and a half now at this point since the pandemic started So we'll check out like the airlines like a al we'll check out a cruise line like nclh falling back down a bit Not really a whole lot's right home about on these stocks at least just yet Neo broke down below 35. That was from earlier going into the afternoon Yeah, not not really too much that i'm seeing from our side list stocks that like have great trends or anything that looks that sharp That's fine. I'll take it so far. We have a decent list more so on the way up to begin Between ocgn between the party trade btu. Don't forget about that and then perhaps mara Should we get that a hold off 28 and the squeeze back up there? All right, then aside from that if there's anything else that we look to call out trade scan fork going into the next Hour and 12 minutes and counting from this point forward We'll look to call it out live inside the cyber group room for all of us on social media once again to finish up this meeting Make sure that you folks stay tuned for tomorrow's workshop tomorrow. We'll be doing a special live workshop On youtube go right to youtube.com slash cyber trading you make sure that you like subscribe and hit the notification icon Just to know when we're starting that workshop That'll be sometime in the morning If you have any questions that you would like to submit for us to talk about inside our trader stock workshop for tomorrow Again, make sure the email myself josh at c2 trading calm and just title your email traders talk there It'll be very easy for me to just fish through my inbox. Just see and we'll be able to answer everything coming up tomorrow morning All right for all of us live inside the trading room. Just stay tuned I know the rich will jump on the mic in just about 10 minutes I'll rejoin him going into the final 30 taking us into the market close talk to you then take care