 Welcome to Nasdaq trade talks. I'm Jill Melantrino global market reporter at Nasdaq joining us at the market site studio in Times Square in New York City We have faster Pugliese president of cyber trading University to discuss using Nasdaq book viewer to trade in a down market as well as breakouts faster It's great to see you as always welcome back to trade talks And I enjoy going over this with you because you're looking specifically at price and volume And there's nothing more concrete than that had a couple of high-flier earnings this week some big names We sure did we had a lot of them We had what PLTR we had it with NVIDIA yesterday and obviously there's been a lot of good action I want to share with on the nasdaq book viewer all right and let's take a look at that one thing I want to ask when you look at Palantir and it's climbing How do you determine where those resistance levels are you see a lot of this a lot of people that trade the market They just keep looking and don't understand where the resistance levels are so they look at these charts The big thing about being a good trader is you have to have a game plan and a lot of people don't look at that So when you look at PLTR you could see that it's breaking out It's moving up pretty nicely and then when we go to the next slide you'll notice it's having a very tough Resistance level getting past this 1150 so everyone's thinking like should I hold on should I get out and You can go back and look at history and what's happening that history is not always you know indicative of the future So you have to look at at the book viewer and say okay Where are those orders and when you go to the book viewer? You'll notice that on the next slide It's not kind of really big what we call iceberg orders a big major major order right around that $12 And it was hovering there and hovering there over and over again And that's what really helps you when you train today's markets because it shows you the future using the NASDAQ book viewer Right, and we could see there. There's what that execution was right now If you look at notice on the next slide where it talks about and you see all those green Which is called the time and sales window those are the Executions that where where the chart gets its data from these are called breakouts and everyone they want to know like that I get out of a position too soon or is it going to run up listen Jill You could always buy back a stock the traders have to look at that But by knowing where that resistance level is you'll see those orders But those orders can get executed and by the way Jill those are real orders a lot of people look at them People look at it are they fake orders real orders? We all know you can't put a live order out there You're real of a fake order out there in the market, so they are real But the big thing is if they get executed you could see that on the time and sales Which is another window a lot of people take it don't take advantage of so the next question is of course Where's the new support? Well, what happens is that when you break through that resistance level that resistance level becomes a new support level I kind of use the metaphor like we're in the building you have floors and ceilings when you break through a ceiling Guess what you're standing on that ceiling that is the floor And that's why you'll see on that slide that it was always having a tough time getting below that $12 Support that $12 price level because that resistance now becomes support. Let's move on and talk about upstart So upstart same thing you have a great runner-up and no one realizes where that resistance level is So you're looking at it you have a good profit good intraday which lead maybe into a swing trade maybe to an investment You know, but you have to look at it say okay Well, where is the street reacting because now what you think it's what the book for you is going to show you where those orders are That's where we could see it right here And you could see that right there that Jill there was a 90,000 share order right there 25 25 and You know that is and if you look at all the orders on the book viewer out of everything That's almost like a hundred times more of the average order out there And the other thing that's very attractive about it is that you only have three orders See the book viewer to you have to understand that you have to learn how to customize it You know, there are features on there that are going to detail like just feel you know setting up the the filters and you know All those you know the columns have heard is so you don't have all of them But those columns right there are very very critical and it comes to seeing who's out there right and then of course We get our new level of support right like I always tell you you could always take you could always buy it back Jill and that's people have to look at it and there you have an example how the stock did break out that resistance level and Then all of a sudden look the stock took a big big run-up right there And like I said just like PLTR that resistance level becomes a new support level. All right Let's talk about the banks for a moment here pack West. Yeah, well the banks were a lot of fun lately So so anyway, you see how this lot took big big hits, but sometimes they do come back and You know and you like want to know where are the big buyers where they're pushing up? And when you look at the pack West you'll notice that pack West had a major major resistance level Right around that price around what is that $6 and 66 how appropriate right? Would you think and right there over you could see over the time it kept hitting it it backed off They hit it backed off some people might look at that said oh, it's a double top a triple bottom Whatever it is, but at the end of the day, it's a hundred sixty thousand shares seller out there 16,000 shares seller Right, and then you get to your iceberg order, of course Right, and then what ends up happening here is that this is not only just a breakout But someone added to their order so this is somebody that is obviously adding to that position And now you have not only have that hundred sixteen thousand share buyer, but now he up ticked it to 182 remember People have to realize that everybody around the world trades on the Nasdaq market There are multiple orders out there, so that's not just one person It could be several different people so sometimes people look at and say you know what I like the stock Maybe someone else was to jump in it and that's what also drives that stock a lot higher And this goes on with every stock right all right and Tesla fires driving the stock price up, and that's cheesy Yeah, what but you know what? What's incredible that it does it works on every single stock some people look at it Which you know I'm a little bit fan of inexpensive stocks because less risk risks more reward, but they do it on Tesla too So Tesla you could see it in pre-market Had it was on a downtrend and then it hit a real big major support level right at 164 And it was key there if you look at it There is literally a was that a sixty seven thousand share buyer and a two hundred thousand share buyer Jill right there at that Was at 165 guess what that's not that's not chump change No one's dumping out 200,000 shares out there and what happened when it hit that big buyer boom the stock took off All right, and for two it is timing right in video I mean that's the only story out there today, so NVIDIA like everyone was looking at it I mean listen NVIDIA had a really big run great earnings We all know about the AI story and everything else that did a number one ship out there Video car that really runs it so anyway had great earnings and all of a sudden the stock took off now The question is is it too late to buy it listen? Regardless of the stock being up how much it was over 25% or something like that Is this this chart is from after the close? What's the timing of this so this chart is actually from this morning? Okay, okay, it's from this morning, so I was so excited I had to show it to you because what was nice about this stock right here is that there was a major major resistance level around 400 I was a little too late to get a little screenshot on a book viewer But there actually was a four hundred thousand three hundred thousand shares seller at four hundred now if you do the math How much money is that that's over about a hundred and twenty million dollars worth of stock out there? But what if you notice right here on this slide on the book viewer a couple of things I want to point out that another people don't realize you could also use the filters And you can eliminate all the hundred and twenty so what I did here is I said you don't want show me everything here With two thousand shares and you'll notice it kind of aggregates and brings down those numbers and on the offer You'll notice that you have two big orders You have a fifty five thousand share seller and that is one thousand six hundred and nineteen orders and you had another seventeen hundred and eighty orders out there at a hundred thousand shares at three ninety now when you draw the trendline You'll see that those resistance levels and those support levels how they make a building effect So remember those orders are out there that means somebody owns them at those prices So he's got to have that game plan in no way you are so the key to being a very good trader is always having a game plan Jill and that's a lot of traders have the mistake when you go out there and you look at a trade You got to say okay See those orders out in the book viewer you know they're out there You see big block orders out there and you just have to know where to place those limit orders to get out Where they're out, you know, it's really interesting speaking of having a game plan There was somebody who was on a financial network earlier today. She got out of NVIDIA yesterday But she's like I was up a hundred percent on my trade like and she just stuck to her methodology and find you know You missed a little bit of the action here But you know you have to stick to that plan and be consistent because it's what you know one trade is one thing But when you do it over a course of years and you stay in the game Well good traders Jill we always say you can't go broke taking a profit That's an old saying traders say but the thing is How do you know you didn't listen? It's never too late. You made money. That's the key part about it So you can't argue about you take a loss listen you could always buy it back most more times than others You're better off taking the profit than holding on to it. It's great and nobody could predict it You know listen we all if we all knew that they would have great earnings. We wouldn't be staying here today We tell everybody celebrating we'd be celebrating but The big thing is when you use that book viewer and you have that tool You have that keep a platform out there It lets you see more or less the future of seeing where those orders are out there So it gives you more of a game plan where is the street reacting to it and that's what today's traders have to look at That's why it's so important to have it all right pasto. I appreciate the insight as always Thanks for joining us on trade talks and thanks for joining me. I'm Jill Melandrino global market to put it in that stack