 All right cyber traders welcome on back to wrap things up for this week Friday December 3rd shortly after 2 30 p.m Eastern time welcome on back for our afternoon meeting This legavelin trade long ever an LGVN is pretty much the embodiment of how this day has gone with the markets dropping off all together Great to see Michael great to see Brian all this otherwise live in cyber group great to see you all coming on back right now Gary and Leda and Ron loud and clear from everyone seems like which is good Grant included Michael perfect. All right, and then again, of course if you're joining us on social media Facebook live or YouTube as always welcome I'm back. So, you know what we'll move away from LGVN, you know at this point. It's hard to borrow It's been hard to borrow. We're not gonna try and short it on the way down because we can't Practically what we'll do is just go right from top to bottom otherwise. We'll do Bitcoin at the end But today's been a fantastic day if you're short So, you know a couple of stocks that we've been shorting from earlier and then heading into this very meeting So we'll talk about those two, but no better place to start than right at the top of the gainers list here otherwise Hopefully the audio is coming in sharp. Hopefully it's there's no like real weird issues with the audio right now I feel like there is from my mic. I don't know. Hopefully I'm just paranoid nonetheless though Just starting at the top the HGTY trade up over 53 percent very thin order book So again, not really too much to write home about on that seems We'll kind of skip over that for right now Now this CYD stock at least this CYD stock is something that we can keep our eyes on we had this on our morning watch list It was one of the top percent gainers back from 9 a.m And with that well after the market did open at least to provide it a little slingshot gave us a nice little under and Over from 460 moved up pretty nicely at the time But damn this things had a hell of a tough time trying to break above historical resistance off of 525 You could just pretty much go to the daily chart for that. So I'll just quickly draw a line 5 22 5 25 practically right here Right, you could just see such a big support such a big resistance at first and then it tanked after that point So, you know to see this make the squeeze up the grind up this morning No surprise where we would find a resistance on this trade. It was practically right off that 25 level I mean peaked above it a couple of times, but otherwise held really well under it Now on this one trade, I'll tell you right now. I'm long on the stock right now I took a 5 cent loss just earlier and that was actually on a partial fill I got partially filled on a thousand shares. It was 600 shares I got filled on So I'm just bringing that up because I entered the trade again. I wanted to give it one last shot So it's on this like odd 600 share position that I'm in on this a CYD from 452 I stopped set right at my entry price. So God forbid if this tanks, you know as we go through this meeting I'll get stopped out break even very likely. So, you know, I don't know either way just because I'm in it doesn't mean I'm gonna put it on our watch list. I'm more hopeful than anything No, you'd like to think if it's not gonna break higher There's only one other way it's gonna go and that was like over here So if it's not gonna break lower if it's gonna give us one more chance, you know what I'll take it I took it. I'm not fully confident of putting this on our main afternoon list just yet You know if you come back to this at the end of the meeting and it ends up showing a little more signs of life Then perhaps I feel more confident to put it on our list for you folks If you're not in from 450 now, I just feel like you're chasing So, you know, see if there's any more signs of life on the stock at least at the end of this meeting All right, so we got the CFVI stock at the warrants are number four I don't know where CFVI is here itself on the gainers list. We'll find it the actual equity not the warrants Now otherwise though, there's a few other things on the percent gainers list as you could see But with the markets dropping off the S&P the Nasdaq the Dow entirely all the VIX index the Volatility slash fear index is moving up and you know this ETF UVXY that follows the VIX in particular is Obviously trending up so you know on days like today and days like we had back from March of 2020 and then beginning at the beginning of the Pandemic practically, you know just to say for the most part well Hey, we'll look at these ETFs more frequently in that regard. So UVXY VIX or VXX Vixie VIXY here number 12% gainer, you know, they're all making practically the same move, right? All right, so we'll see it all so we can get I mean I saw a crispy cream go against the grain here This was actually a stock that was like moving real steady on the way up as the markets were falling kind of odd I don't know why I don't think there was any like news that came out because I don't think there was much activity from pre-market But either way the stock's pulling back down now so not much to adhere for the afternoon That's gonna be the theme here at least on the gainer side and be honest with you I probably should have started off in the losers list here. I obviously never do that But probably find more opportunity on the losers list heading into the close for a day like today compared to a day like yesterday MGI so you day I called us out earlier and I just push up at least heading into the early afternoon Looks like the wheels fell off on this trade though At least it's shortable. Don't get me wrong and you can consider this tradeable I want to see if there's better opportunities otherwise on the losers list here I kind of rummage through the gainer side pretty quick, but Let's see Expo familiar name. It's moving up. You know, it's like slow as molasses otherwise, but You know what? Maybe I'll come back to this at the end You know if there's like legitimately nothing else that will put on our list then I wouldn't mind putting the Expo on our list in that case ISPC pop and drop that came fast And I guess I didn't find CFE I it's probably somewhere around there on the gainers list We saw CFE I make a really nice push-up earlier and wow look at that go, huh? It's still pushing so it's up eight percent. Yeah, I would have found it somewhere here going across the gainers list I went quick, but I most importantly on the stock I was wrong on something and you know, I'm always wrong day to day, right? You know every day I'm wrong on something as we're all human But it's to say that is this was pushing up and up and up and up and up and up Well, we called it out as was breaking above 1050, but for as much as it's pushing up You'd like to anticipate a false breakout at some point and for as big of a level as we had at 1092 And I'll at 11 from yesterday then I was Sure as can be that this would end up making a false breakout over 1092 and for it to come crashing back down under it Well, it broke above 1092 and made like a 50 cent pop off that price So that's where you can come back and say well, hey, you know what when a stock breaks over a big resistance And it actually moves pretty nicely off it Well at that point in that case you'd like to think the first time it comes back down to that level that it could hold This support so it took a little extra, you know a little under and over from the 1092 level at least But once it broke back above 1092 namely 11 here you could see the stock ended up propelling up a lot higher So nice move on CFE. Yeah, yeah, I'll definitely put this on the watch list for right now Probably the only stock that we found so far That's completely going against the grain as the markets are dropping off. So still be wary on this trade It looks like it's coming back down rather fast now So, you know, I wouldn't expect 1092 to hold again if there is another time Now maybe like for a minute, but then if it comes crashing back down again, then you know, it's gonna happen So yeah for right now, I'll put this on our list. It's pretty good See if there's anything on the loser side now. She's got a bunch of stocks getting crushed. Holy smoke CELZ down 56% Can't short it. It's like flat. So there's no like trade on that really for us ESPR pretty interesting. Wow. I missed this just now I mean, we all did in cyber group and all of a sudden social media like we all just missed this move What I mean by that is it broke under five It broke right back above five and that actually could have been a nice little, you know entry nice little long entry there But if you're not in from that point Then the question is how far with this push up to and if anything 515 520 ish seems to be resistant So, you know, I don't know it's down 42 percent. It can't short it The move was off of five if you're in from there right now, then hey, you're looking good But if not, then I'd move on All right, so let's keep it going with my home office door open I don't know if you just heard my loudest can be drier just go off. So I'm working from home today It's been a pretty slow day. So a good day to get the errands done, right? All right, so we keep it going. Otherwise the SW BI trade was getting clipped earlier today, too And I think this had to do with like a downgrade from some firms So ended up leading to a big drop as soon as the market opened up You could see that on the five-minute chart You know just smooth this can be downtrend all the way down towards low of the day roughly off of that 16 level and For right now, although it's trying to get back up. I feel like this could be In line for one more drop coming up actually. So, you know what? I'll add this to our list Smith and West and SW BI Shortable, you know, it's made a big move trading still decent amount of volume across the day so Yeah, why not? All right, so with the markets dropping off, you know, what else is dropping off folks I'll get to crypto Bitcoin and the others at the end Canon here is a Bitcoin mining affiliated stock Taking a big hit and with that I'll get to my swing trade or lack thereof now at this point I added more shares to BTBT yesterday at nine But then I'll get to that here in a moment, but I ended up closing out that swing this morning. I took a loss So You win a you win a lot. You lose a few. That's my line. You know the saying you win some you lose some You win a lot You lose a few so I lost on that one. I'll get to that trade in a bit Li at least Li auto near the lows of the day just moving with the market seemingly So, you know what I'll add this to our list is a short alongside the SW BI that looks pretty good All right. Where is it? Where is it? Come on now? We got Mara down 15% getting whacked Why not right and hey typically for these crypto mining affiliated stocks heading into the close believe it or not Well, it's not even believe it or not because if you've been watching this afternoon meeting for a lengthy amount of time day over day You know as we see these stocks down big heading into the afternoon They rarely ever continue in their direction with Mara down 16% still you got to watch the markets the SMP and the Dow both and alongside that Bitcoin entirely but You know what I'll tell you if this drops down at 41 this could be a nice little dead cap balance entry on Mara Let's see a break under 41 right back above 41 and that could be the play We'll see between this and riot right our IOT we have NCLH down cruise line down big right now, too So if I'm adding Mara, I may as well add riot to our list, you know both pretty much trade the same Where is NCLH I saw that down big just before too and I was gonna transition to CCL because I'm currently short on CCL Man I would have found NCLH there It was there for a moment and CLH is down over 5% So for right now, I mean it's kind of beginning to hold over 18 I thought I saw in the on the losers list there the CCL trade though This is the trade that I'm short on right now I was I took like a four or three cent loss earlier and then I jumped back in on the trade later on right off of 1748 here From that point. I mean I was anticipating the markets to drop off So, you know, it's just to say this has been a great trade moving with the SMP and the spies You could see on my five-minute chart So I took half my position out at 1688 before we started this meeting I had hopes of this dropping out into at least 1675 so I still have half left And I got my stop on that half at I think 1720 So God forbid if the shoots up a little bit more and the markets look to make a small correction going back up Then I'd like to see what would happen at 1720 at that price, but with the entry at 1748 I'm feeling pretty good about it. So I'm gonna hang on to my short and with that I mean, hey, I don't mind adding CCL to our list here in this case, you know the was it the freakin See why 8d stock we'll get back to that I wasn't nearly as confident about putting that on our list at the time as I am with CCL as a short But as we get back to that see why 8d stock It's looking just a little bit better. Isn't it isn't it now Norman? So, you know what? You might feel like you may have chased it or you might be chasing it if you didn't get in from where we were last watching it But I'm not out of the doghouse on the stock yet, but like by any measure I'm not out of the doghouse on this trade at all what I mean by that is well We have resistance and it's pretty much right here at 482 482 is the opening bell print price on this trade earlier today So, you know, you could see earlier. It made a false breakout here came back down So for right now, I mean hey, it's looking better than it was just before so you know what I'll add it see why 8d if it if it ends up tanking as soon as we finish up this meeting then I would just move on from it You day in the chat board saying CRKR is an interesting Bitcoin miner Unfortunately, it's not interesting Now you say that because it's only trading 18,000 shares total on the whole day. That's nothing now It's an OTC stock also. So I personally don't have data for OTC on my platform We don't really trade OTC here in the trading room You know, perhaps if it gets listed on the NASDAQ or the NYSE that could be pretty interesting We've come to know in other crypto miners in the past hut being one of them each you tape and hive Those are I think formerly OTC stocks that became listed on the major Exchanges like the NASDAQ as you could see here. This one's taken a bit of a hit to this one I don't know. It's not as volatile as the Mara and Wright trades are and that's not as good here in this case pretty slow All right, we'll check out my unfortunate BTBT trade, you know yesterday I ended up jumping into this I ended up adding more shares to my position at 9 bucks in total now at this point with the second half My entry was 500 shares all together You don't look to date You don't look to swing trade the same amount of shares you look to day trade in a position folks If I was still be the first to tell you that you would actually be the first to tell you trade like 8 to time 8 to 10 times less On a swing than you would a day trade. So this was like half size in total for me But still took a loss I was in from 11 and then I added more at 9 yesterday afternoon in hopes of Bitcoin making a nice bounce back up It did not so I ended up getting out of my swing entirely at 860. So I took a bit of a hit Yeah, it's not all about the good stuff folks I'll tell you about the losses too now with that at least let's just jump to Bitcoin because hey You know I took a loss on BTBT as a swing But once I happen to see the tide to turn on Bitcoin, then I'll definitely be antsy on re-entering Here's the thing though, and you know how bullish I am on Bitcoin But again, we're here to talk about all scenarios including a further drop So where we last left off on Bitcoin it wasn't actually this line It was just from back from Wednesday of this week as it was beginning to try and bounce back up However, just over the last 12 to 18 hours big drop again This is a six hour graph so with the markets dropping we're seeing Bitcoin continue to pull back But now as you could see it's breaking this, you know white trend line that I had here This was holding for so long dating back to mid-July So it actually broke under it here for a smidge But then it made the slingshot pop right back up and that's where I last bought when I got back from My Florida vacation So it is to say at least now at this beginning to pull back and breaking under the white trend line now Really strongly doesn't seem too pretty does not seem too pretty. So where could we anticipate Bitcoin making a bounce from should it continue to drop Well, we ended up seeing it kind of hold over the 500 pretty nicely here If it ends up kind of making the same tussle with the 500 as it did back from late September Then perhaps we could see it drop a little bit closer to 50k Maybe a little bit above 50k. Maybe it kind of teases around 50k slightly under Let's jump to the daily chart here for right now because again, we got to look kind of a Longer term. That's why I never really go into a 15 minute graph or a one minute chart for bitcoin really So with this well, you could see there are some other trends that I drew and I'm not expecting those per se to You know hold over time But in relation to the moving averages that I have here The 200 on the daily chart would be the next moving average support that I have Well, it last kind of chopped around there dating back to that late September time and then it ran So perhaps, you know in a best case or not best case an error best case would be it holds here and flies But you know, let's say if this comes down and like kind of kisses touches the 200 and then pops Like no tussle like it did back from late September Then that could be right around that 50,000 mark. Maybe 51,000 50,000 So I'm not going to buy anymore is what I'm telling you until it ends up making that move If it ends up popping and then suddenly running All right, so be it. I have enough bitcoin to go around actually I can't say that but you know, if I don't have a chance to add anymore and we happen to see a giant run I'm content. I'm happy. So I'm going to try and catch the dips as we go if there are any As I try to do back from here So you will see All right, folks that's all I got for you at least in bitcoin land If there's anything else otherwise up down left right that you would want me to look at here in terms of stocks Let me know here in the chat board Yeah, norman that was a good exit there that jumping in at 476 there in between the levels never really good ideas So that was a good exit there at least all right going once going twice going thrice I think that we're pretty much good folks I will look lastly one more time on benzinga pro the signals page seeing if there's anything there there that we had missed I'll tell you there's actually one that we did miss there is one that we missed actually let's jump to it It's not the fastest moving stock Uh, we'll see though ryan probably be a bit frustrated with this tigr is moving back up tigr got about a 23 000 share iceberg on the bid at 5 49 and it's at a new high of the day now So this is where I'll come to you and say hey for as much as this stock moved up and up and up earlier For the first time it's going to test a big resistance a la 550 I would expect for it to fail Well, that's what I said on the cfbi stock and unfortunately I was wrong there But that resistance became support led to a great trade, you know about 10 minutes afterwards here in the case of tigr Well, here's the first real test of resistance It failed here's the second test. This looks a little bit better right now So hopefully there's a lot more left to this run on tigr I'll add this here Got a nice like a mishmash here of trades to work with between stocks that are moving down with the market that are Continuing to drop We have some stocks that are actually going against the grain to a degree like cyad The cfbi stock tigr And a couple of others in between folks, so I'll tell you I think that we're pretty much good to we're pretty much good to go Feeling good about this list So for all of us on social media facebook live youtube I appreciate you sticking with me each and every day each and every afternoon. Enjoy the weekends If you have any questions about what we do at separate training university, you have a couple of options I always like to leave my email here in the chat board for all of you But otherwise if you would like to join us live monday to friday live inside our trading room Especially going into this market close for all of us there. I'll be back on the mic right at 3 p.m Give me about a 10 or 12 minute break. I don't have a 3 p.m. Coach And I'll be I'll be right back on the sticks at 3 p.m For for all of you you'd like to join us live though inside our trading room You can go right down to the link on the banner below just to get yourself started on the stream there for all of us there Right now later brine michael included. I look forward to talking to you folks coming up pretty shortly. Take care