 All right everybody welcome on back here this Tuesday March 23rd shortly after 2 30 p.m. Eastern time welcome on back here for our afternoon Meeting I should be good to go across both ends live inside our trading room And for all of us joining on social media Facebook live in YouTube welcome on back We've had a bit of a wonky market so far today We ended up seeing a bit of a dip a pop back up But after the S&P the Dow just really flat lining just I knew that a Yellen was speaking I knew the Powell was speaking just a moment ago So we just finished that up. Hopefully we'll see more market activity all together heading into the final hour of our day The DLP N obviously have to begin with this It's not the prettiest looking chart in the world But ended up making this huge pop in pre-market as you could see if I was to put this on the watch list You know rightfully so I just want to comment to you really quickly so dolphin entertainment the stock DLP M They the news out on them from 904 Eastern time this morning. They ended up launching non fungible tokens the NFTs Creation and marketing division expects first partnership in collectibles So, you know, hey, you don't need to know what NFTs are in order to make money on a trade like this All you need to know is that we've seen a lot of stocks come out with more Crypto news Bitcoin news and now with that more of this NFT talk. So we've been trading the T cat We've been trading the Y VR the the OCG, right? So, you know with the news out on dolphin entertainment and pre-market this morning We ended up seeing a monster pop I mean right away and once the market opened up Well, we saw a bit of a pullback down to 10 and then it shot up from there I mean traded at your own risk from that point I wish I could say I ended up jumping in this from 10 But I did not I was looking for much further of a pullback down I thought this would dump back down for quite a bit before it would make a pushback up So once I saw this shake around from 10 and then get halts it on the way up briefly I was moving on to another stock. Actually, I'll tell you what the only trade I did take on this trade This was just a bit earlier. I was doing this on a half-sized position I wasn't really watching this that much throughout the afternoon at least But it was kind of holding nicely off the highs or near, you know the highs I should rather say but I ended up jumping in no, it wasn't there Right here. I got in right at 1501 and I said to myself. We're gonna set a stop right below 1480 I got in at 1501 and closed at 1477 well from there I guess it did squeak back up a bit But at this point, I think I'm staying away from this trade at least certainly for now I failed to make a move back up to the trend line off those highs That was one thought I had in mind for a potential run on this trade So, you know, it failed to even come it failed to hit that line It came right back down towards the bottom of this channel and folks if it's not breaking higher You know the rest so yeah I mean we'll come back to Dolphin perhaps at the end but trading over 137 million shares total across the day today, whereas the stock is normally traded an average of like Less than 700 K, you know, this would be the point in the day where I'd say if it's not at the highs and running right now It's just gonna be pretty exhausted. So perhaps I'll check in with this just at the very end the Dolphin stock DL PN All right, Mike you're in the chat board says Josh our PLTR Palantir just can't get any upward traction at this month Oh, I haven't even looked at PLTR today. Mike. It's just been a wonky market So as far as a swing trade you would have to talk to Fausto about that I wanted to talk about a couple of other stocks that we day traded though at least you know from this morning And no not to say all these ended up making incredible pops or moves We did take advantage of the Hoth move at least in pre-market But as soon as the market opened up it ended up pulling back down and you know There was a little bit of an opportunity perhaps off 265 it ran up nicely up towards just about 310 315 But man the volume died off on that very quickly after and just like I said before Dolphin if it's not breaking higher There's only one other way it's gonna go. Well, this is the other way it goes, right? Just came right back down effectively, you know filling the gap or a good portion of it So, yeah, this was really interesting to me in pre-market I was very hopeful for a nice bounce back up and a pop and a run up to the pre-market highs and above that but Just didn't happen. All right, so, you know Hoth was a better pre-market trade the genius stock GNUS We ended up putting on our morning watch list It ended up making a pop shortly after Fausto did the meeting and with that Well, you know it took a little bit But it ended up making a nice smooth run off the 250 level after the market opened So we ended up seeing a lot of buying on this trade and for the most part we covered this Inside our traders talk workshop just earlier today for all of our students live inside our trading room If you have yet to if you miss that live the recording of that will be on the dashboard by this evening But otherwise 250 and 254 in particular those were two big smart money price levels We had from the pre-market so with that we ended up taking our entries right from the 254 price and ran it up Towards just about 280 277, you know moved up much higher later on so broke out again during our traders talk workshop ran up Almost almost towards the iceberg order that was there at 3. It was like a 550,000 share order on the ass that was sitting there at 3 and then also I think at like 299 even 2 like 2 big ones But nonetheless, right? That's our major resistance So, you know, it doesn't have to kiss it to act as the level ended up just holding underneath that price Shake back down a lower high and well effectively a lower low. So, yeah genius. It's a good sideless stock I'll probably keep it in mind to some point for, you know, the remainder of this week, right tomorrow Thursday Friday, etc But you know for right now pretty exhausted pretty slow alright, so With that AMC was the last stock I wanted to jump to pretty quickly here Jeff hasn't been making a fortune looks like on the AMC short very nice job, Jeff Yeah at the lows right now, right? So the way this is moving I would assume to follow direction heading into this afternoon, you know nice drop off upon the market opening up or rather I should say after the squeeze Nice drop back down from there rebroke below support off the opening print 1150 and the rest is history right now, right? So, you know, hey the markets aren't really moving too much of anywhere up or down But let's just take a look on GameStop to see if this is kind of dragging AMC down with it Not really Hmm interesting. Is there any specific news on AMC need like a downgrade or anything like that? Checking Benzinga Pro really quickly. Oh, and you know what actually how about this just like last Tuesday? Because I'm popping in the office here today. I could do this. So any news on AMC throughout our Benzinga Pro newsfeed here Not really a bunch of like general headlines Microsoft said to be in discussion to acquire discord for over 10 billion But I don't think that relates to the big down move on AMC this morning Yeah, there's no company specific news that I see at least here Benzinga Pro would be very straight to the point If there was so nonetheless, hey, and we don't need to have news in order to trade a stock I was just curious as to why this AMC trades down over 15 percent already heading into this afternoon But for right now just follow it on the way down. You have an iceberg being tested at 10 59 I would assume for there to be a major support off of 10 50 and Go from there, you know, I'm sure that there's going to be a support in between 10 50 and 10 bucks Just take a quick look on Benzinga on a book map here quick Yeah, so 11 was a major support level on the AMC trade and if I'm bringing Benzinga Pro up I'll bring this up too. So you could at least see 11 was a major support level from earlier today Once it broke it it ended up providing a very clean breakdown opportunity and yeah for right now There's support at the 10 60. There's a support at the 10 50 10 35 there seems to be one for right now there too and then from that point our major support off the Off the next whole number here at 10. All right, so at least AMC I'll put on our main watch list You know at this point still just you know very volatile stock volatile in a good way It has great liquidity on the order book So, you know with that we could try and find some big iceberg orders to act as support here and we'll see where it goes All right, folks What we'll do is go from top to bottom now at this point across the gainers and losers I do not have class to teach later on today. So at least I could take my sweet time today So let's just go right ahead. So the dolphin we ended up talking about already DLP and top percent gainer and Then right away. I want to jump to YouTube one of our members RJF asking if it has any potential If you're in this trade right from this line RJF at 570 or shortly above you're doing good But we go through this every meeting here. You and I trading way too much volume at this point in the day It's not worth it really and if it ends up continuing to pop from this price then after you know Three o'clock Eastern live inside our room will look to follow it up follow up with it from there But you know pumped and then dumped and then squeezed back up again here You can't keep expecting this thing just to move on up. It's like insanity doing the same thing over and over It's like every meeting with that type of move there those Rarely ever make a second big move up the VNRX trade. I actually remember this stock I think it was this one. Maybe it's VCNX who knows Looks like we had a big volume spike back in July of last year. I'm sure we traded the stock at some point But may have been confusing it for right now. It's near the highs. No, not bad. No, not bad spread right now I Just you know for the meantime, I think that we could find better opportunities here T cat this one was just a disaster LMFA from this morning ended up making a nice push for right now though dumping back down Genius we talked about already just you know want to show it pretty quick, but we just talked about it LIVX this one we ended up calling out briefly was yesterday Now we didn't put it on the main list But it ended up making a small move in the morning Kind of died off from there and now this morning it ended up making a second better move on the way up at least shortly after the open here today But for right now pretty flat Peloton what is this? I mean obviously very expensive, but up over 5% today making a huge pop shortly after 2 p.m That's pretty interesting to see this on the on the gainers list. Give me a quick sec My screen may have just locked up one sec There we go my screen should be good to go now for all of us live. Sorry about that. So really quickly with the Peloton trade the hell happened here. I didn't see the news at least not until right now. So let's just check All right trading higher and mid-strength in stay-at-home names. Okay, so maybe it's just off the Off the AstraZeneca news perhaps uncertainty surrounding that I saw that news report from last night So yeah, I guess that's just the reason that's all you know Hey, if you trade peloton or the option options on it then go right on ahead I mean, you'll put this on our main watch list given. It's more of a name brand stock at the highs Myself I'm probably not gonna trade this, you know a little expensive But you know obviously for any of our quote-unquote C2 millionaires out there Any of folks live inside a room that tend to favor the more expensive stocks then I would definitely focus on this out of those Then otherwise looks actually looks like the spies beginning to drag back down here the last three or five minutes And with that UV XY Vicks ETF pushing up nicely here So perhaps again on that same side of that if you trade ETFs with great success then this UV XY would be an interesting trade To try and long should the markets continue to fall off. All right, so I'll add this to our list as well What we'll do is just hop on over to a loser's list here I have a chat from Mike regarding X want to take a look at that see if it's making a volatile good move for us to try and trade FR EQ geez this is like a deja vu all over again, right? Not with this stock, but I think it was yesterday if I'm not mistaken. What was it the OD? ODT I don't know what happened here. I don't remember at least but this stock was down 80% heading into the afternoon It actually provided as a decent short opportunity or a try to heading into the early afternoon here But you know from there flattened out and since just dropped off even more I'm just relating this because this FR EQ is down 77 plus percent. It's right at the lowest the day right now It's shortable should this continue to tank and break lower has great liquidity on the order book Man between this the ODT and then the other one to the RLX RLX was down big yesterday Also off the news and that made a nice drop. So yeah, FR EQ. I don't mind re-adding to our list here I didn't really trade that from the morning. I was a little occupied on the Genius trade and the AMC trade, but otherwise. Yeah, hopefully that FR EQ holds direction heading into the afternoon continues to break lower Let's take a quick look here actually just to see if this is my assumption of BS, but Yeah, I guess this is an IPO back from October of 19 So at that all-time lows much like the RLX trade from yesterday pretty interesting Annex here an IX this was breaking lower heading into the afternoon and squeak back up and ever since just pretty slow and flat here now All right bunch of stuff hard to borrow otherwise They're not down a whole lot for me to think about as far as a long maybe HOFV whole theme Looks like this is just still dropping though here in the meantime. This is great sideless stock I'm sure we'll focus more on it tomorrow if not tomorrow perhaps Thursday I just given the range to see a stock go from like 275 up to over 5 and then back down 550 matter for that part But yeah, just great sideless stock with the range But for this afternoon it just still seems like it wants to keep breaking lower can't short it Kirk just really flat at the low of the day right there The AMC trade. I mean, hey, we already spoke about it, but it just goes to show is I've been going from top to bottom You know, we're not gonna find much better thus far than the AMC and perhaps, you know, aside from that Like I'd said before the FR EQ Maybe DLP and we'll jump to that again again in just a moment That's all I got though folks I don't really see much else across the gainers or losers list as far as a familiar name or something That's making a big move as we speak So let me know if there's anything else that you see otherwise Kevin's calling out the BNTC trade still pushing RJ You're doing better on this trade here at this point I just still feel as if this stock trading this much volume across the whole day Is it going to continue to break and pop? We've seen much more often than not the answer for that to be no So that's where I say be careful because if it's not going to keep going up I don't think it's gonna just flatten out and do next to nothing the rest of the day So let's hope this keeps going. I'll put this on our watch list now at this next push up here But again, just be mindful of a false break and a dump back down You don't want to get caught catching the falling knife because I've heard that from some students just over the last month or so where they ended up jumping into a trade like this in the afternoon and Then it goes the complete other way and then they get their ass kicked So please don't let that happen. Be very mindful of a false move here and Ken asking about the can trade and let's take a look Not a whole lot to write home about here Ken if you did well on this trade from earlier I am certain that you'll be following this trade for the afternoon. It's a great sideless stock X is down big. It's at the low of the day So I want to take a look here that Michaels post He said Argus research downgraded the previous rating and that they had on X from buy to hold So nonetheless, I don't know if that's just that but perhaps like you know with this at the lows right now heading into the afternoon It's definitely worth watching. It's moving with the market. Perhaps you could say as well Yeah, I mean I mean hey aside from my personal bias towards X right even outside of that You know, I love trading us steel outside of that This shows great direction at the lows a major support level likely off of 20. All right folks I think that just about does it RJF says he said that about 70 cents ago. That's true. That is very true But we'll see where it goes from here because otherwise for the amount of times we see stocks that are up a hundred percent 70% they dump back down They rarely make a big breakout heading into this market close So that's what I say. Just be very safe or careful rather for a stock like this because if it's not going to continue to break out Just gonna keep dropping to some point. So All right, folks, I think aside from that though. We're just about done here We have about two four five stocks to work with one of those is Peloton so pretty expensive So really I'd say four stocks within our price range to work with heading into this afternoon And let's keep this BNTC trade going perhaps. I'd love to see this break higher I love to be wrong. So hey, it looks like this thing is about to get halted even right now How about that this thing is about to get halted? Up not just yet the HFTs were coming in fast there. It's it's 778 My screen starting to lock up here actually believe it or not Little pullback be careful here. It was just about to get halted a 778 the HFTs were coming in there fast And they ended up preventing it at the time from getting halted. So Hopefully this will keep pushing here. All right, folks. So aside from that I'll be back on the mic at 330 myself heading into the final half hour the day I know that rich will be on heading into three o'clock. Talk to you soon