 All right, separate traders welcome on back to put a boner week here this Friday March 10th shortly after 2 30 p.m Eastern time welcome on back We got the markets tanking right now. So great to see all this back inside live trading room Ray and Michael Lewis included we had a Brian and Ron before Chris and Chuck we got all this just joining us right now Otherwise inside our live trading room and then all was back on social media over streams alike there Great to have us all so with that said though Let's dig right into it markets have been plunging across the late morning early afternoon Just before look like it was gonna begin to move up Come on. We've we've we've seen this rodeo before right? We've been there done that so it's a lower high Pulling back down You know perhaps there's a chance for this to make like a better squeeze in the final 15 minutes of the close But I would just look to focus more on lower highs and continuation of the trend that you have So, you know right now UV XY ETF moves inversely basically to have the indices move and with that ended up leading to a nice pop early on Actually making a bit of a pullback on the one-minute chart right here But otherwise we'll look to see if this can make a higher low and a move back up as this moves inversely to the market So I'll put this on our main list at least to begin going into the afternoon But of course our focus this not just this afternoon this whole day You know all the bank stocks right between SIVB which is not only still halted they've actually I think shut down the company basically right California regulators ended up actually Shutting down the entire company as a whole so obviously big implications to the stock right there and with that between that SIP ACW which is moving back on up. There you go, Mike. We'll go over all of those here in just a moment I'm just gonna write this down here to start the UV XY ETF Again, should the markets make a higher low? I'm sorry. Should the make it should the markets make a lower high This will make a higher low and a move back up Or if I'm wrong with that then vice versa. We'll see All right, so otherwise actually let's jump to the SIVB. I'm sorry SIVB this thing is still halted like I just said California regulator state regulator ended up shutting down the company as a whole and I think the FDIC took over as well That was basically the headline that came out across the afternoon So obviously we haven't been able to trade this but we have the SI stock Which was you know more of a dud than anything this thing dropped off and we weren't able to short it So you know had a little squeeze in pre-market, but that was that now that leads me to a couple of the other trades I think we had FCR FRC one of those ones out there first Republic Bank ended up making this crazy drop and squeeze back up It looks like it's trying to eat back up right now Mike perhaps with PACW so I ended up just getting stopped out break even this is my second trade on this on the afternoon So I'm looking for a short and I ended up getting some money just before this meeting started on the first half of a position I jumped back in Mike from 1340 I'll bring up book mat for this trade But there's a couple of levels that I want to follow going into the close for this And if this thing tanks right now without me, I will be pretty pissed So let me try and finish up this meeting fast But with that in mind though a big level here 86,000 share print got filled off of 1346 That was at the the time 115 Eastern so you can see it's been holding that pretty nicely Just before though. I was looking for a lower high right from here 1318 it ended up popping above it it pulled back under it And I was looking for a nice pull back here at this stage going into the meeting So at that point I ended up getting stopped out and then from there, right? You know, hey right now going into the close It's still kind of within this range and it's still just extremely tradable in terms of the volatility And for the PACW in particular not the others really as much But this one it does have a good spread order book is kind of thin, but it's tradable It's what you want to see right now Ron said there is a tremendous amount of stocks hitting a 52 week low Well markets dropping off pretty nicely So, you know, we'll go over some shorts alongside the PACW here potentially will put this one in particular on our list Michael B says right below him. So if I so if I CEO buys 180,000 we'll take a look at that if it's moving well, but you know, hey PACB is a short We'll see if this could hold under if not 1346 then otherwise 1318 if it breaks back under and holds under 1318 here, and I hope it doesn't happen Well, I'm yapping here, but if it ends up breaking back below this this can lead to a new pullback nice drop-off going into the close I think we had the WAL stock as well This could be another bank stock to if I'm not mistaken. That was to had called this one out earlier today, too More from the morning session, but I ended up making a lower low afterwards as you could see You know, this one's just much more illiquid much thinner volume out there. You got a one share here one share there It's not even a contract. Those are actual just shares So, you know goes to show that there's like really no big money being traded on this stock So I'm not too particular about this one right now, but at least PACW wrote PACB PACW that one All right, let's go from top to bottom though. Otherwise, let's see what else we can get here going into the close you EDA My dyslexia just trick me up there E UDA there we go. And if you think that I joke around with that, that's not the case. I just All right E UDA ended up making a nice pop earlier this morning But as you could see flattened out made the false break over the highs and then now looking pretty ugly So the stage right now not too not too good for this E UDA UVA UVIX this basically is UVXY just a different VIX ETF So I'm not gonna put them both on our list one of the others fine CZU nice pop on CZU earlier this morning more of a nice trend of anything from the lows Push up towards 275 before pulling back and then broke higher heading into like the early afternoon by one o'clock topped off Just over three. So yeah, I mean nice little short squeeze play This stock is because if you look at the daily chart This has just been the theme of the last like month and a half ultimately But you know all these different short squeezes of late this thing fell from 180 all the way down You know, hey eventually it was gonna make some sort of squeeze You always say don't hold your breath waiting for it over time But ended up making just a fraction of the run that it made for us back in July August last year So again, it's a huge success right now though. It's doing the dump-off part dropping off much like typical short squeezes do This looking good. All right, UNCY. I mean basically all week We've been following this thing and mainly with good reason, you know, maybe one day it was a tease But otherwise from this morning ended up providing a very similar trend off the lows very nice trend You know much like the CZU trade But as you could see now revving back up breaking back above big volume level roughly off 265 266 there You know look to see you kind of retest that a few times coming up I don't know if I'm fully convinced on it running higher now, but uh, definitely off to a good start We'll see if this can keep going Lewis has a good short for me. I'll take a look in just a moment Lewis looking at the chat board as we go through and then phil picking up some money There we go phil one of our long time students here has been here as long as I've been employed with Fausto He's gotten 29 cents on this trade. I think it was an option to call if not mistaken. Maybe maybe not. I can't tell maybe Either way a fantastic catch from Philly says no, okay So he got it always the time he wrote the time filled my apologies He got in a 622 the price 115 eastern the time There we go. Feel excellent. Nice All right, let's keep it let's keep it going see what else we got here a nice trade on the, uh, UNCY though JFBR Look at the PACW go. It's definitely making a nice squeeze. It popped over my level there 1346 It's trying to make the better pop now. It's good. Nice trade JFBR ended up making a nice pop earlier this morning ended up just flattening out though. So Passing there gonna pass probably on a lot of different trades from the gainer side, right Market still hasn't made like a local higher high yet. It's actually building a higher low pretty nicely, but Technically hasn't broken the last local peak from 2 o'clock Each yfm. It's at the highs It's only trading 1.2 million shares right now It's like so slow though, right? I mean you want to have a little activity there if anything So just because it's at the highs I'm not really that particular about it same with RLX. You could say the same thing Trying to go to sleep RLX is the stock for you Labd nice pop another ETF though, you know, we already got we already got the uvxy on there This ended up having more of like a nice late morning run though labd Is this the bearish version or the bullish bearish? Yeah All right, so you're gonna get a bunch of different inverse or bearish ETFs just on the loser side here or on the gainer side right now Vixy vxx two more right there Don't need them tza same thing I'm just trying to weed those out right now as I kind of finish up the gainer side AM AM so this one from earlier this week ended up popping up pretty nicely was a great swing trade Right now though. I'm not really doing too much Again not gonna find a whole lot here folks. I gotta cross my t's dot my eyes I gotta do my job So I know I'm not gonna find a whole lot on the gainer side right now Uh billy, you know Hey in the event where the markets make a really strong dead cap balance going into the close If that were to be the case I know with as much as billy is up right now Maybe that could benefit more from a stronger push Uh, you know, it's not far fetched But definitely trading a low volume per minute compared to what we've normally seen the stock trade especially from this morning You know like earlier this morning the stock was trading on average roughly around 30 to 40 thousand shares a minute Right now it's trading less than nine So past there All right, let's sit from the gainer side. No surprises, but uh, you know, we got u n c y at least u v x y the etf Let's go over to the loser side right now. He got bird It's actually shortable on my platform Uh, a little too close to the ground level though from my liking a little too close to the ground floor, right? Uh, you know, if there's a stock below five dollars, that does not mean that you can't short it I mean if there's a broker that has specific restrictions That's one thing but otherwise trade station or other major brokerages Uh, you know, you're going to be able to short some stocks not all of them So there's certain rules and implications with doing so, but You know, hey the closer it gets to zero. I'm not going to be as interested So, you know, it's actually provided a nice trader earlier, but for right now though, I'm going to pass Uh, the w al passing on this But I guess some of the bank stocks making that squeeze up is I just kind of alluded to on p a c w You know just broke up a little bit here, but really didn't do much afterwards So if you're in from 13 it made for a good trade from that price But otherwise though, let me put a line at that other level. I had referenced that being 13 46 That was the big selling level there So, you know, I'm going to look for a short if you could break back under this one now at this point If you could break under more selling here at 13 46, then there's definitely probable cause to take a short Funny that I just said like probable cause like I'm a police officer, right? All right So we keep going I'm watching a bunch of different cop videos on facebook during my afternoon Tell you know, it's been a very fun day all right Doc you saw and there we go Lewis and right in time. He says doc you sign if it falls below 50 if it falls below 50 and Uh, yeah, I mean if it does it could be a pretty good opportunity But maybe not even today maybe like an early next week monday if it you know gaps lower and then retraces up or you know, just breaks under a come monday morning perhaps but Uh, you know, it's down big and it is at the lows. So I do like that right now. We'll see if this can End up pull back a little bit lower The pacw trade ended up holding off pretty nicely off 13 46 as support for right now move back up there briefly So again, only if it breaks back under that level when I look for that short Otherwise maybe try and take it from the next leg higher. Maybe off of I don't want to say 14 Maybe 15 it might have some room to go up actually perhaps now if it's not going to break back under 13 46 I could see reason at 15 or shortly under. All right. What else we got here though. Otherwise, uh blue cabba It's been a nice run here from the end of last year cheese. I didn't realize that I don't think we really traded that one as much sun run Nice drop off from earlier today But bottomed out a little bit not really down enough for me to look for that dead cat bounce like the others All right, so let me know what you got here folks for me If there's anything else up down left right more than 5% that you'd want me to look at check out Or my thoughts on otherwise, let me know Let's take my email address in the chat board early for all this on social media all of our streams there I always like to post at the end of the streams. I did not yesterday. So Josh at CT trading comm early just any questions that you got from you over the weekend I do have to get back to a couple of us from our trading room at least that it sent me over emails from yesterday So if you're tuning in and you didn't get a response back I want you to know that I know that I gotta do my homework myself get back to you later on tonight at least But I always say keep the emails coming in folks All right, gonna check out benzinga pro before we wrap up right now spy still hasn't broken that local higher high just yet Again pacw already on our list, but Pulling back again be careful. It's all about that 1346 to me Uh, what else do we have just that we haven't checked out yet? Maybe like a gm maybe a Shopify Shopify nice little move off the lows there. Don't get me wrong. Good sideless stock. I've always said good sideless stock Shopify is Cruise lines like ccl and clh just kind of stagnant right now. Those aren't looking as good there Neo obviously not looking too good itself Sober from the gainer side of benzinga pro. Let me Raise my volume criteria on this thing now. Jeez Get some low volume stocks. How about edible ebbl at a crazy little move earlier, but dumping off now Llap Try and but Folks, I think we're scrapping the bottom of the barrel here Right, I don't really see too much out there that looks too thrilling or really for me to Jump in on headfirst, right? So we have four stocks to work. We'll three stocks to work with and one etf We got that uv x y obviously if the markets make You know a pullback right now once more type topped off right now the spy right here You can see on the lower of my five minute chart on the bottom left So just be careful about that All right folks So otherwise for all of us inside the live trading room rich will be on the mic taking you into the clothes from 3 To 4 p.m. I'm going to post my email here as well. Josh at c2 trading calm Any questions feel free to shoot me a quick email or send me over your trade journal And I'll be sure to go over that at least on saturday or sunday coaching recordings I'll have out by tomorrow and then otherwise i'll be in the chat up until 3 30 today folks So let me know if there's any questions via private chat But enjoy the weekend and we'll catch back with everyone otherwise on monday. Take care