 All right folks welcome on back here this Friday July 16th shortly after 2 30 p.m. Eastern time Welcome on back to close it out for the week here for our afternoon meeting great to see all of us live inside the cybergroup room Tony David Patrick Juan Jean Lori great to see you As well great to see everybody of course live inside our training room and for all of us in social media Probably the few of us here heading into the afternoon and the end of the week on Facebook live YouTube welcome on back Things have been slow and the market is dropping off still at least you know a spy approaching or Already broke low. Just over the last five or so minutes It looks like it just tried to break lower, but I guess it'll push up still You know working its way down going into the afternoon I know that was something that I had mentioned at least from much earlier going into you know The early parts of the afternoon here right around 12 30 1 o'clock Eastern time. I forgot the exact time I mentioned you know just say the spy is like pretty flat right now after the morning drop off on you But when shock me to see it end up dropping off here heading into this you know part of the day So the last here we are and with that before we even started the meeting I know our cats on the screen right now rich ended up making a pretty good call just before we started on the Stock, but you know really I was calling out like practically everything that was breaking a new LOD new low of the day. So you know much like from earlier Across 2020 at least you know when the pandemic started casino stocks airline stocks cruise line stocks Fortunately my crypto you know stocks like Mara and right both dropping off right now and perhaps cannon too And you know all these others so it seems like we're gonna be following a lot of stocks that are breaking You know either a lower or perhaps if the spy makes a temporary little you know squeeze up into the afternoon We'll see these rebound I guess so we might have a pretty big list We might not what I'll really do is just start right from the top because you know Otherwise there wasn't really a whole lot that was like really break higher that our catch rate did look good We'll probably jump to that right away So let's do that actually we both do that number five then we'll go from right from the top But yeah our cat just before rich called out break a new hide the day popped above six just you know Over the last couple of minutes looks like there was some volume filled at six six oh one even five eighty five just before But that could have been from consolidation before it ended up just popping higher So for right now easy enough I'll put this on our watch list heading into the afternoon the our cat trade if I'm not mistaken This was one that we were watching going into the day yesterday And then I didn't really think it was gonna be that great of a move going into the clothes Well ended up making a squeak little pop here. What's on this? It read at three twenty five ended up making a bit of a move up or maybe even after like three thirty five here So we called it out at that point But it didn't really give us much to work with really from there ended up doing it's bigger bigger move here today And certainly right now so get easily enough. We'll put this on our list. Hopefully it is a pretty easy trade All right So yeah, let's start from the top now otherwise and then what I'll do here at the end the markets dropping off I'll explain generally why the markets dropping off here as we go But you know, I really want to dig into Bitcoin as I'd alluded to for yesterday And you know, like I said going forward for anyone joining us live for the first time on social media I'll bring up the Bitcoin chart going forward on a Monday Wednesday Friday schedule Then you know Tuesday Thursday, we'll kind of just go through here normally, but uh S this the warrants here never never mind sxtc gxgx is a ticker number three that we'll get to that's the warrants Though that are up more I guess Sxtc this was as choppiest can be That's not prior to the market opening up then it was right after I think it was like right after 9 a.m. Eastern time foul So when he was doing the meeting. Oh, no, this was after the open. Okay. Yeah, this was after the open I saw this at least you know across the morning. It was so choppy. I didn't really like watch it from that point After ended up making the pop ended up a nice pop higher broke over like 192 ish You know really the resistance was off of two and then from there held the you know peak the former peak as support So from that point ended up leading to a nice, you know, 25 30 cent pull-up Right now though ugly chart it was as choppy It's as choppy now as it was from you know in the morning before it made that sling shot So for the meantime, yeah, this sxtc will pass Question from one of our trial members and I want to get to this really quickly They're just asking here inside our trading room. Do you go short on our cat? I'm a newbie So right away first thing before I even say yes or no in terms of like the direction our plan If you're a newbie if you're a new day trader not even like trial member But if you're pardon me if you're an inexperienced trader I would not want you to be you know risking a single dollar that you've you know worked for in order to Try and make money go through our classes first You have to learn before you earn and that sounds like maybe like you know a quick little line But the last thing that we would want to have happen is for you or any of our new trial members We have a bunch of new members joining us from this past week had a few webinars If you're inexperienced don't trade our picks just sit back see if this is something that you could potentially do over a period of time Right, so that's the first thing I would say now just to go back on the our cat trade If this stocks moving upward going into the afternoon the the last thing that I would want to you know Consider is a short don't try and go against the grain and you know We say catch a falling knife in the sense of you know longing the stock as it's dropping But you know even furthermore shorting a stock as it's like breaking resistance, you know pushing higher clearly That's the last thing that you want to have happened. You're gonna get margin called real quick All right, so either way has a new trial member a new member new day trader You know either way I would definitely just you know not trade our picks it on your hands and just go through the education that comes as part of The trial and then from there consider if you're looking to enroll further as a student, but we'll keep it going from here at the GX GX let's get to this one GX GX This was the one that we were talking about before the warrants This thing was all over the place in the afternoon ended up leading to a nice pop going into the mid to late Morning going into 11 a.m. Eastern time got halted a couple of times on the way up. I Think once on the way down and I guess it made that little move back up But it was over it was over to begin with once that volume you completely died off That was it so you know pop and drop from 1150 and this point here probably just gonna keep dropping more I Think I skipped over GLG I don't know if I did or didn't but either way GLG was a stock We called out at least after the market opened up You know during myself and Fausto during our audio commentary from the market open this ended up making a really nice move from a dollar Upwards towards the dollar thirty nine ended up making a lower high from there You know seemed to be set on this as we have on that GX GX, but you know You're come you're comparing one to the other in the sense of liquidity not just price But liquidity the stock has a dollar or a pet a penny spread not a dollar spread a penny spread and you know Very filled in order order book all together across the bid in the ask is GX GX Not as much So you know this is the type of stock obviously more expensive But even still you we have stocks if you can trade that are $20 $30 $40 that are much more liquid than even that like Neo, right? surprise Neo didn't drop off at the time as you know all these other stocks were really quickly and I was gonna get to These like plug and again like the casino stocks airlines cruise lines and really anything else out of our side list So to set so to say dropping off at the market. You know as it held its own That was just a quick example, but point being I think that you folks get the Get the idea just seem that the volume on the order book We taught that earlier this week inside our phase one course We're probably gonna follow up with that next week inside phase two phase three the following week with Fausto and live trading Keep it going the AE the AE HR had great liquidity and a tight spread But I guess that doesn't prevent it from any sort of news coming out and a huge drop from that point So this thing got crushed going into like, you know right around noon time actually so let me take take a look on the news here I didn't really see the news at the time Kind of just skipped over it really from that point, but let's see Wow really no news. There's no headline no given news out there I don't know if that was to take the stops out or what but ended up making a bit of a push back up towards 345 and not really doing much of anything now So we're not gonna put it on our list, but I thought that would have been based on some sort of news coming out It didn't drop enough for it to be a real like direct offering or at least I thought but yeah interesting No headline out there is earnings this morning I know that better than expected quarter for EPS and sales results and issued fiscal fiscal year 22 Sales got into both estimates. That sounds great for the stock. That's really why it made its after hours pop yesterday You know to squeeze up early this morning, but No headline at least to justify this but uh, you know, we'll keep it going Let's you know kind of just skip over the price or look at the price here actually WEI is a stock Fausto traded last month in the phase three course I know that Slow stock pretty cheap though and good volume on the book So I like all of that looks like it's starting to break a bit higher right now or it had I don't know. It's almost looks like so it's almost like too slow. I'll come back to it at the end I do like it, but I want to see if there's anything with a maybe a little bit more life to it, you know Like that. It's at the highs. You know, hopefully run new egg here and EGG squeezed up here after the market opened Completely dumped off. Oh same thing with this as we had on that GX GX, right? ALF former runner ended up making a nice squeeze going into the early afternoon But started to dump off perhaps building a bit of a support moving up, but the order book is so scarce I'm not interested in it You know, we looked at mRNA, you know loosely yesterday and I guess with the market dropping off here And you know, I think the reason why the market's dropping today I mean you could do your own research and look and probably on the front page of all these financial websites anyway But you know, it's all based on inflation rising inflation rising costs of just basically everything rising living costs here in the US And globally really but you know, otherwise between that and I mean I think that we are due for a drop-off in the market altogether So I think that naturally could be cause part of it and then otherwise I think also rising COVID cases Certainly California. I know that they ended up having where they're going to be doing indoor masks required again You know, they're relatively big state population wise here in the US So, you know that that is a little significant So that that little headline out there could lead to a further drop off with the news with inflation and all that But you know, either way mRNA perhaps if it's based on COVID then this would get a bit of a squeeze up You know way too expensive as a day trade We were talking about yesterday suggesting if you're looking at this, you know ticker Maybe do some sort of you know, call on it But that that's for you to decide any of our options traders here But it pushed up a bit higher trying to get back up there now This one, I mean we called it out going into the afternoon just completely dug it back down the SNMP I was hopeful for this to run, but obviously it didn't happen yet. Probably not at all ORPH should I squeeze up earlier at least but again same thing completely dumped off going into the afternoon a little pump The dump type of play and we don't advocate for you to hold on to those stocks, right once the volume dies off I say it practically every time I'm on the mic here, you know, when the volume dies off, so does the stock a Couple stocks that weren't moving up as the market was dropping GOED was one of them to make a nice little, you know, squeeze up heading into the early parts of the afternoon But you know now it dumped off I was hopeful for this to be like a nice role, you know move up heading into the close But you know the stock ended up making a really wacky move going back into Maytime If not May then perhaps that's really early June Yeah late May here had some sort of freak pop-up here dumped all the way back down Ended up gapping lower in the after hours. I remember that following a you know session and into the morning So the stock's been through the spin cycle just you know collectively across the last you know Month and a half and you know anytime the stock comes out with news or we see action on it I'll be interested in it, you know a slow move up today But for right now not a whole lot going on that we can kind of capitalize on across the next hour an hour and 15 minutes here All right, really quick question actually while I'm at it got a couple of us now joining us on YouTube and a death on Facebook We have a bunch of us joining us today on Facebook welcome aboard I'd asked earlier inside cyber group and I want to ask you folks on social media as well I'll re-ask for the trading room too. Is there anybody here that owns any sort of crypto, you know Bitcoin Ethereum Cardano, which you know, I'm a big believer of myself or otherwise Do you currently own an equity like riot or Mara a Bitcoin related stock quick little survey? So if you do just you know, let me know just across the chat boards here on YouTube Facebook and in a cyber group All right get to that all at the end But let's see what else we got on the gainer side here I would imagine of course out You know as I always say as well for there to be more stocks on the loser's end with the market Just dipping lower and lower an OCG and here that's up six plus percent. That's pretty interesting It's another vaccine place. So again, that could be partly as to why the market had dropped off today You know with the rising COVID cases at least in California and I didn't do my research, you know elsewhere But I know that headline came out from yesterday. I believe tomorrow or at some point Saturday I think otherwise they're doing indoor mask again required. It's unfortunate, but that the inflation That's why markets dropping off this pushing up could be a good silo stock perhaps And if it's not for today, then perhaps come come Monday morning Maybe this could even be a decent swing opportunity if you if you're believing that the markets gonna continue to continue to drop off And you know, otherwise if you're a believer that you know, COVID's gonna continue to increase Unfortunately, you know, hey, we don't root for it But if we're you know thinking that there's a good chance that that will happen then perhaps this could be a decent swing Trade I'm not in it as a swing trade. I want to let you know So that's not any sort of financial advice that I'm currently, you know a part of right now, but you know, just food for thought It's all building a bit of a support on the daily chart to really over the last few days All right, so it also you got see Nova Vax another vaccine play over the last year year and a half Right, so that's probably it. All right. We'll hop over to the loser side here BTB got crushed I don't know what the hell happened here But big drop ended up dropping off even prior to like 930 but as soon as the market opened up completely crashed This is the type of drop that would lead me to believe just like direct offering of shares or common stock offering just curious I'm gonna take a look. We're not gonna trade this year, but Bit brother shares trading lower after the company announced pricing of a 22 and a half million registered direct offering I Didn't look that up beforehand, but just experience tells me this type of drop this, you know Significant percentage type of drop off. I mean we sometimes even less but you know here at 47% that's the first thing I thought Either that or bad pharma news if it was a pharma company, but either way Yeah, maybe a dead cat bounce opportunity at next week at some point It's down enough for us to consider that maybe but not today FGN this could be This could be either pharma news or maybe earnings news. Let's take it just quick. Look. It's gonna take a guess. Let's see Whole bunch of headlines here trading lower after an FDA advisory committee committee panel voted against the approval of the company's new drug application I'm not gonna pronounce the name because I'm gonna probably stutter and mess it up to treat anemia due to chronic kidney disease in adult patients So I was one of the other so that was it and Michael also pointed out here on the chat board I just look right now. I appreciate that Michael saying it was phase three news with their drug That's right. All right, so hey big drop stock is shortable good liquidity on the book. Why not? Don't mind putting this on our list here Like the short stocks, right? It's not all about funding stocks that are moving up at the highs of the day If there's a tanking market, you know, it definitely is painful for our investments and positions here But outside of that really, you know just hey We could try and short some of these stocks if they're you know, if our brokers have shares Just look at a toast talked about this yesterday afternoon, right? We put this on our watch list for the afternoon ended up dropping off more going into the meeting than it did after but Obviously today took a huge hit. So it was still on our radar here heading into the morning It wasn't on Fausto's morning watch list But you know as soon as this thing started to break a new low of the day after the market opened One of us could call it out. I forgot who and I apologize because I definitely give you credit if I remembered But ended up making this huge squeeze down ended up dropping off towards a low of the day roughly at what is that like 420 ish? 430 just about ended up bouncing up really sharply. So provides great volatility both ways up and then obviously now down So a toast alongside FGN both are short of both are either right near the lows or get closer Perhaps and dropping off steadily heading into the afternoon BTU another you know name that we've been calling out more on the way up and down But here it is, you know dropped off with a broke down lower 950 support going into the early parts of the day You know here now really nice All right, we'll keep it going here folks You know, it's been a long week, you know, it's funny this just confused me my scanner kind of reset on me here I think BTB. I just took that as BTU. I was about to click on that again That tripped up there for a moment All right really quick got a couple of us messaging me here right now as I'm doing the meeting on them talk about the trading room I'll get back to you folks as soon as I'm done I'll text you All right, I'll tell you there's definitely a lot of stocks that are down that are breaking new lows of the day And what I'll even do, you know before I go into my Bitcoin, you know rant here not rant but my spiel I'll show you Benzinga Pro. I'll kind of pull it up here just before we close out It's readjusted here really quick and then I'll show you stocks that are breaking new lows of the day so far that Perhaps if there's any stocks that are you know, perhaps at the highs by any means, but we'll see So here we go new lows of the day on Mara on workhorse. We got here So probably add those to our list right away Those are stocks that are clearly down at the lows great liquidity on the book that we're familiar with Blackberry party city. I'm quickly just reading this if this is too quick for you that I apologize I'm just showing this for fun, but from my experience. I'm able to read this relatively quick got AT&T earnings out next week on them Holy smokes. This is starting to move fast now. It's almost too fast for me now at this point that last second and a half So, you know what? We'll take a look at some stocks that are just you know, either airlines cruise lines Maybe EV plays also See what we got here. It's a complete drop-off here in the markets Plug was not one of them. Just wanted to look at that quickly. That was one. I was looking at before Casino stock MGM on the way down to 32 Penn was getting beat up all across the last like month or so really last couple weeks in particular Took a huge hit today more expensive, but they're about to break lower NCLH right come on down AALs tank it here dropped off 20 pretty sharply Palantir this one's choppy that we're not going to trade this He always holding its own, right? So a Nikola there first for a split second on that scanner Got workhorse below the day there Ride So we're not going to add each and every one of these right folks We're gonna you know kind of cherry-pick which ones look the best which ones were more familiar with perhaps Got also a couple of other stocks here, too I want to check out Mara last because that's with Bitcoin AMC is getting crushed right now if you could short that that looks like a really big drop right now new low of the day Yep, definitely AMC will kind of a in particular put on our watch list Really nice short short of on trade station right now, too Blackberry on the way down with it perhaps. Maybe I'll you know kind of tag this along with it Not the fastest move not really the biggest drop-off here that you could try and short, but Kind of tag this along with AMC. I reckon See what else we got here. We'll kind of just pick workhorse I do like because you know there's a flash pop on the stock earlier in the week You know is unfortunately, you know flash pop We wanted a lot more out of it on the way up But you know with the pullback and then the drop-off within the market and this going with the market I don't mind at least in particular following workhorse Let's just kind of go back to Benzinga here really quick. I got some time here to wrap up the week Light schedule. Oh my really nice drop on UAL in particular UAL we'll add I mean, I'm sure that we could just tag the airlines collectively, right? We said American Airlines dropping off pretty nicely, but I like that drop in UAL So if I interests me as a short here in particular because it's a pretty new IPO. No Or a pretty new SPAC, you know special purpose acquisition company one of you know Chalmers Chalmers, you know companies So it ended up popping back from early Jen I don't know if that's exactly when it ended up getting listed on the Nasdaq perhaps, but uh Man, this is dropping off pretty nicely here. It's approaching support. I don't mind putting this on our list, too Sofie's a potential short I mean, I'm sure that you could recommend a bunch more to me and you know We can kind of cherry pick but we'll kind of keep it to that right now I will add also Mara so that will kind of transition me to crypto Mara dropping off pretty sharply here Mara and Riot, you know together This one has more liquidity on the book So it'll be an easier one to follow the volume for so Mara definitely was put on our watchlist as a short day trade heading into the close Let me get my Bitcoin chart out right now and really quick I'll show a couple of lines I drew on here to begin and I'll explain a couple of things so reason why Bitcoin's dropping off well you can you know kind of Put your finger on a couple of different reasons perhaps I mean obviously it ran up so much over the last how many months and year But I ended up following the steady downtrend and not only for my EMA lines that I normally have up But I ended up drawing a couple of lines today that I have up on my main screen that I normally don't show you So I ended up drawing this trend line a couple of them here this one that it was holding really well across the highs I could zoom in it was like practically hitting these high you know highs you know across the you know time You're during consolidation ended up popping above it This is where it tested the 200 EMA on the daily chart held it right back down Ended up holding the trend line right away after and from that point it seems like it's on the way back down to the 500 Right. I mean that's simple enough. This year is more of a support level though that I drew otherwise the top You know trend line so to say the top dashed line This was more of a support from low to low to low break below support So really this line perhaps that could be treated as resistance I'm not like putting as much weight on that. That's just more food for thought type of deal I like to show a few charts here. So here's my thought in terms of the EMAs and the charting all together I like to show the hourly the six hour the daily and the weekly so Really quick for my crypto people because I'll make it quick just in case otherwise I don't want to go too deep into the afternoon. I want to make sure we have time to trade but Over the last week we you know touched on this back from Friday of last week a week ago exactly I was hopeful to see this begin to you know, finally make a stronger break over the 500 EMA on the on the one hour chart It was holding it pretty nicely here and teasing these false pops and you know held it pretty nicely here You know going into the weekend I was pretty hopeful to see it begin to finally make a bigger pop up and then on the six hour side of things To see it begin to make a sharper move back up perhaps towards this line the 500 EMA on the six hour Chart so again, I don't focus on every single chart out there I like the hourly the six hour the daily and then the weekly that's my own preference You know to each their own but you know, I was hopeful to see that going into the weekends and clearly that did not happen This ended up just continuing to hold here the 100 EMA on the six hour Right back down here. We go and with the drop off the market Covid inflation whatever it may be tip your cap to whatever it may be, you know Bitcoin's continuing to drop so at this point I hate to say it because I'm such a believer in this even across the next six months of this calendar year I'm really a believer that we're gonna see this break higher going into December That was my game plan going into March or going into July of last year when I first started, you know Investing my own money into so I wish I could say say I got in during like the pandemic and the lows You know, that's not the case I end up jumping in myself during July and August of last year and it's paid off heavily for me But you know, even with this, you know, I would love to still see it move up And I still believe it will by the end of this year And I think by earning season coming up over the next week week and a half That could be a huge deciding factor as far as what will happen at that point because if you happen to see some of the Bigger players in the game like, you know Apple Oracle Facebook Twitter You know you name them it could be you know any major fortune 500 company if they end up adding Bitcoin to their balance sheet Who's gonna be the catalyst is it gonna be Amazon, right? We said it last time unfortunately, we hope for it last time. It wasn't the case Well now with this big drop-off don't you think companies that are bullish on Bitcoin are you know adding and accumulating shares? Right, so if they are bullish on it long-term now is as good of a time as any going into their next earning season to Officially, you know put that on their balance sheet and from that point that would definitely spark a huge rally back up And perhaps we'll get that big move back to the trend lines and so forth now as far as how far I could drop off though You know across the next week week and a half if none of these big major companies end up adding Bitcoin or doing this or you know sparking a big rally I Give me a quick sec here. I wanted to see on the weekly here. Maybe I have to change up my EMAs I wasn't ready for that But it's to say though perhaps on the side of you know the weekly if we happen to see this dip all the Way back down to the hundred on the weekly That's right around 26 So I'm bracing myself for that. I have an added crypto. I don't remember the exact day and I probably should have Done that before I went on this mic But you know I haven't added crypto in the last month month and a half I did buy around like 36 37 and I was doing well at first and it dropped off So it is what it is, you know if I'm thinking this could be at 100,000 by December Or maybe January February next year whatever then that's fine by me, but it's all about accumulation So, you know, I haven't added since that time and it's been dropping off and I'm waiting I'm waiting to see perhaps in the next you know a few days if this ends up making a bigger drop from that point I'll look to add now Last thing I'll show you with crypto because I showed this to you. I believe last Friday Then I'll wrap up it's already three o'clock. I want to show you this. This is pretty cool This website data mesh calm this this show is interesting on chain data with you know long and short interest or at least exchange data Based on bit Phoenix You know all together across the last 30 days We haven't really seen a big drop-off in long activity in long interest on Bitcoin in fact It's been increasing Now the reason why it's been dropping is you know fundamental news and so forth But otherwise we happen to see the short interest spike up going into the weekends We happen to see back from a few weeks back on the 25th that Friday You know short interest spiked up ended up leading to a temporary drop-off the few days after and Then you know going into last weekend. We ended up seeing the short interest continued to pick up and it's increased this week So, you know, we might happen to see another big drop-off coming up over the next few days because that's it All right, I'll let you folks know when I end up adding though Certainly, I mean, I mean if it's over the weekend, then I'll let you know on Monday and then you know, otherwise I'll keep you updated across the week. All right, so we'll call it a show though for right now though folks We got our cat f gen itos amc blackberry a few others work horse 2 al so far We got a bunch here heading into the afternoon So allow me a couple minutes folks I'm gonna copy and tweet the picks out across the board for all of us inside the trading room and for all of us On social media Facebook live YouTube, especially you folks. I appreciate you sticking with me each and every afternoon If you are a new attendee here joining us today Make sure just to do do us a favor just to like subscribe notify hit the notification icon That is right on our YouTube channel that being youtube.com slash cyber trading you and if you've yet to join us live inside our trading room I know that we have a bunch of new trial members joining us today from yesterday and then really this week Feel free to do so go right down to the link on the banner below Just get yourself started on a small trial and then you'll continue to hear our comments our callouts taking us going into this Close all right for all of us there right now I'm sure that you folks are already looking at our watch list or at least a you know scanning across the board right now So just give me a couple minutes. I'll be back on the mic myself right around 315 330. Take care