 All right, so our trader is welcome on back here this Tuesday afternoon, May 10th, shortly after 2.30 PM Eastern time. Great to see all of our members and students here alike, including Benjamin, we have Phil, we have Michael just chatting us before Norman as well, loud and clear from Dembaul, hopefully loud and clear from you all if you're joining us back on social media, Facebook Live or YouTube. So, top two folks, what the hell happened to SoFi here? Really, I don't have the news out on me right now. I think that Rich may have posted earlier, but I'm going to just take a quick look on Benzinga Pro really briefly. We ended up seeing SoFi get halted just prior to 12 o'clock, I think it was. A couple of hours later, ended up reopening shortly after 2 PM here. So, just taking a look at the news right now, looks like that there was an earnings leak. Looks like that their earnings ended up getting published ahead of schedule. And with that, it looks like they're... I wish I could give you all the juicy details on it. Looks like their EPS was in line with the estimates. I can give you that. Looks like the sales beat, but here's the kicker. We talked about this just about four hours ago when I did the morning meeting four or five hours ago. Guidance. Guidance is always the bigger talking point between the earnings versus the estimates, the sales versus the estimate. It's guidance. They ended up actually issuing quarter to guidance below the estimates, and that's what led to a huge drop-off. Well, up until now, it was dropping. Ended up just reopening and popping up briefly. It's interesting. It's trading a lot of volume. There's a catalyst to drive this stock in both directions, more likely on the way down. But just to say at least, we'll definitely just put this on our watchlist to start the SoFi stock. I would double-check because I don't have my Level 4 up, my book map up for this trade in particular. Just give me a quick sec. Not just the five bucks that you would assume for it to be a level, $5 is a whole number of level, but $5.10 exactly where it's at right now. That's where we ended up seeing a big print get filled when the stock ended up reopening for SoFi. We got SoFi on our watchlist here. Now, with that said, we finally ended up getting a little short covering across the afternoon. But the thing with short covering, and I'm hoping wrong with this here for this afternoon, but it's that once the volume begins to die off, that's when the short covering basically ends. That's where you tend to see the markets pull back down and continue in their direction down. It looks like just about maybe 10-15 minutes ago, we ended up seeing that peak there on the spy, the S&P ETF, and now it's beginning to pull back. So from this point forward, we would love to see further continuation with short covering, but if we continue to see more selling, then just look to follow some stocks on the way down as a short. Now, really quick, just want to go over a quick question from one of our students here, I believe, Benjamin. He was asking just earlier, what does SEC rule 201 imply? I had to jump back to my SEC notebook here. No, I'm kidding. But no, that rule that he's referring to is known as the uptick rule. So in regards to that, Benjamin, I can give you a little insight just a little copy and paste from the SEC website. But I think that's in relation to any stock that's down more than 10%. I believe they made an adjustment to the uptick rule back in 2010. So just that little blurb right there from the SEC website I posted in the chat room, that'll give you more information on it. But in terms of shorting a stock, yeah, you got to make sure that you try and follow the stock, not to say just on the way down, but you got to make sure that if you're looking to short a stock that's down more than 10%, you have to try and catch it on an uptick. So that could be a little complicated, a little tricky to do, especially given some of these really volatile stocks that we've been trading, you don't want to be on the wrong side of that, right? So we have to be very delicate, very selective, and picky with the levels that we're going to be trading off of, not just the stocks that we're going to be looking at here. So let's go right from top to bottom, folks. Let's see what we have across the gainers and losers lists here. BAOS will start off with number one. It's a cheapy. Normally these stocks below a dollar unless if they're really making like a hell of a push. And you know what I'm talking about when I say that. I mean, this made a bit of a push earlier, but it's just gone flat since like 2pm. All right. So the MICT, just a quick question again from Benjamin asking on this one, what do you guys think of MICT on the gainers list in terms of price and in terms of volume? Well, in terms of price, I mean, hey, we'd love to follow a relatively inexpensive stock, right? But in terms of the move that it made already today, it's nowhere close to the highs. It's much closer to where it had opened up, if anything. So to me, that's relatively bearish. If anything, I would only expect this stock to drop off more or just consolidate and not really make it worth your time. So hopefully there could be a couple of runners near or at the highs here for the afternoon. All right. So we come down to VRM, come back to VRM, I should say. This one was one that we talked about earlier inside the Traders Talk workshop, right? So for all of us in social media, one more time, that's our live weekly Q&A session that we host live inside the Cybergroup room. We did that earlier this morning at 11 a.m. Eastern time. And we talked about this move. We talked about the VRM trade and the 130 level. So let me ask, it took a few minutes to materialize, but I got to ask for all of us live inside the Cybergroup room, is there anybody in the VRM right now from 130, from $1.30? Working remotely today, so I'm not in the office. I have two separate computers I trade off of. So this one here is just my demo. This, I mean, it shows the position, but I'm in this trade right now from 130. I'm looking for this to push up nicely. $1.50, $1.47, actually I'm expecting to be resistant. So it's getting pretty close there right now. I'll probably look to kind of de-risk over time. But yeah, $1.47, not even to say $1.50. You would assume $1.50 to be resistant on this one, but $1.47 in particular. We also had a bunch of volume filled throughout pre-market there. So that should complement $1.50 at this point here as resistance. So that's what I'm saying. Just be a little wary. It might not push exactly up to $1.50, might top off at $47 and then begin to pull back. So for right now, we'll put this back on our list showing some good strength here across the afternoon. So this and so far, looking pretty good so far. All right, let's see what else we got here. Otherwise, we have the ACHO. Now, this one's actually pretty close to the highs of the day right now, ended up dropping off after the initial pop. And to tell you the truth, normally I wouldn't expect such a clean second run up. And I would say the same on the VRM actually. So that's where I'd say I would definitely expect $1.47 to $1.50 to be resistant on VRM. Well, hey, this thing is pushing up pretty similar. Where do we have resistance on this one? Right now, I would assume for that resistance to be off $15, just whole number level. Kind of a thin book. So I'm sure that there is some order at $15, but there'll probably be a lot more volume once that level actually gets tested. Yeah, for right now, I'll slip it on our list. Doesn't look bad. Let's see what else we got. See if there's anything that looks better as far as a chart, looks better as far as the order book, the volume that's on the order book at least. The FGEN stock doesn't seem to be one of those in terms of liquidity, but I know it's much closer to the highs here. So I'll give it that. MYOV. Now, this one is also a pretty dangerous stock because it's been a known pop and drop stack to us over the years. So today, hey, it's pushing up pretty nicely. It's near the highs. Again, same thing with this, as I just said on the ACHO and the FGEN trade. I'm not going to put every stock that looks like this, but has a thin order book on the main watch list at this point. I'll come back to it at the end if I need to. AUPH, a lot more liquid at least, this one, showing some good strength. I'd rather follow this if we're looking at all those other ones. Versus this one, I'd rather trade the AUPH. Just a lot more liquid of a book at least. See what else we got here. A bunch that's up, a bunch that's down. Holy smokes. Granted, ETFs are mixed in with that, but I mean, geez, this is one of the more volatile weeks that we've ever had. I mean, that's including the beginning of the pandemic too. Cara, again, at the highs, I feel like we're going to find a lot of different stocks that look like this, but again, I want something that looks like that, but has more liquid book. Patrick asking about the party city trade just a bit earlier, PRTY. It's a little slow. Definitely very liquid, but I want something that looks like it can make a nice pop. That looks like it's rounding off, if anything. PRPO, not a whole lot happening on this one as well. We have Fubo. I forgot about this one. Oh, nice pot. Wow. All right. This one on and off has been on our side list. It's not one that you'll hear me call out every day or even every week, but it's been on our side list. It's a stock that trades tens of millions of shares every day and today right now trading 17 million. Pushing up pretty nicely across the early afternoon. This one looks pretty interesting for right now. Folks, I'm going to need some help today, even more today compared to any other day. Really, just the way the markets are looking here. If there's anything else that looks great that's up more than 5% that you would want me to check out at the end, just type it in the chat board early and we'll jump to it here as we finish up. Now, as we hop on over to a loser's list here, upstart, down big today, ended up making a huge drop going into the open, had a little dead cap bounce at first, but it's been a short since, and it looks like it's pulling back down right now. This stock is hard to borrow on my platform, but that doesn't prevent you from shorting it if you're able to get the shares. Just because it's hard to borrow a mine doesn't mean that it's going to be hard to borrow on your platform if you're on TOS or IB or Weeble, whatever it may be. For right now, upstart, I'll definitely put back on our list here too. I feel like this DM trade's a little close to the ground floor, but with that said, it's making a nice little drop off here. Look at this little 15 cent move down, and that's after the big drop that we had from earlier today. I'll tell you what, for a cheapy short, I'm not normally keen to follow really inexpensive stocks on the way down, but with this one showing some good activity altogether, and if this fails to break lower for as much down as it is, maybe we can get some good covering. CIFR, not a whole lot happening there. Oh, geez, folks. We got a bunch of stocks still down big here, even though we had a nice little squeak back up within the market across the earlier part of the afternoon. Rail, not a whole lot happening there. The Peloton trade, to go back to that one pretty briefly, Peloton looks like it's trying to push back up here, ended up holding support pretty nicely off of 13. Thank God, I just got out of my short position before I started this meeting. I thought that this would pull back pretty sharply off of 13, actually a bit higher from 13, so as we started, I ended up plucking like three cents on the trade, like next to nothing, but better next to nothing than hanging in the trade and then being down like 14, 13 cents on it. So for right now, definitely just more on the way up here, Peloton, looking to recover once more heading into the close. All right, there we go, Jeffrey. AMC, right? AMC following the spy almost tick by tick. Well, hey, I mean, on a day like today, it's a good day to keep your eyes on a sideless stock, especially if it's one that you do well on compared to others. Nothing too special about AMC here right now, Jeff. No offense. Same to be said on NEO. Same to be said on my lovely NEO, so it's not just AMC. DraftKings, though, DraftKings is getting pretty damn close to the highs here, up over 5%, pushing up pretty nicely right now. This one, if anything, I feel like I'd put on the main watch list. Robinhood, making a short little squeak back up here, too. The move up across the last couple of minutes interests me more than anything. The DraftKings trade just in terms of near the highs is right there. So definitely, DraftKings will put on our list. Jump to YouTube next, see what the chat's looking like over there from Mitch asking about the Fubo trade. Yeah, Fubo, we already talked about. I probably caught that chat a little late there, Mitch. I appreciate that, though. John asking for my thoughts on Mara, M-A-R-A, as a day trader, swing trade, John. My assumption is day trade. 12-25 day. So you're in right now, John, from 12-25. Is that what you're saying? Are you in this trade right now? He says no, just into the close. I'll be honest. No. And the reason is this, and I can be wrong. I can be wrong. The reason would be this. For all the times that we've seen crypto in particular, like Bitcoin in particular, make a pop or push up across an afternoon and it might be at the highs across the last few hours, it rarely ever continues to squeeze up into the final 90 minutes of the day. And we have been teased countlessly by Mara and Riot and BTBT and Bitfarms. And coin, those crypto mining-related stocks just never run higher into the close. Even if it actually breaks higher from here, you know what I'm talking about, like an actual run, like you would feel good about. I've been teased countless times by all those stocks, John. So I just want to prevent anyone else from getting teased like that. But watch, now I'll be wrong. The second I say that, everything's going to break out. So no, I would look to avoid those for right now. And hey, on the day that I'm wrong with that, then I'll be more keen to jump back to those stocks the following day. I'll give it another chance. But for right now, I like what we have here, folks. In total, we have two, four, six, eight different stocks to work with. I think Faust would be proud of me at least. I've kept it relatively simple. All right, folks, aside from that, I'll be back on the mic in about 45 or so minutes. I know that Rich will be on the mic at three o'clock Eastern time, and we'll see what else we can catch heading into the market close. All right, for all of a sudden, Facebook and YouTube live, I appreciate you sticking with me each and every day, each and every afternoon. I always like to post my emails here at the end of the streams. Josh at ctutrading.com. And then aside from that, we'll catch back with everyone a little bit later on. Talk to you all soon. Come a cyber group member today. 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