 All right, folks welcome on back once again here this Thursday August 17th great to see all of our students and members alike inside Our live trading room here and Michael Brad Wayne Richard Larry Kathleen Margaret Barbara there we go the ladies the trading room there of course including with them later on top and then we have Xavier Egan Grant Wayne and all of our students and members alike here inside our live trading room great to see you They are great to see us back on social media Facebook live LinkedIn Twitter YouTube etc. We got a busy day folks So, you know, I'll tell you what pre-market's been a little slow So let's start off with a little housekeeping to begin actually have a big day today So coming up at 11 o'clock eastern time just right here on YouTube. So stay tuned for all of us on social We actually have a big presenter coming up Jerry from traders accounting joining us here with CTO on a more of a multi-speaker Masterclass event here So Jerry from traders accounting going over all sorts of different topics in relation to Preparing your taxes for trading for trading stocks or options or any sort of investment with assets that you're doing So, you know, I look forward to that because I don't know the first thing about taxes I just give them to my best friend or one of my close friends brothers So he takes care of it for me So if you're like myself perhaps and not as informative not as much in the know Then definitely it's gonna be a nice webinar to go through but after that coming up at 12 o'clock eastern time We're normally Fausto who is on vacation mind you once again He's in Bermuda. So if you're joining us right now Fausto has been out throughout this week He'll be back next well normally today at 12 o'clock Fausto would be hosting a live event a webinar So coming up right after that I will be tagging in for him and I'll be doing more of like a live Demonstration of our trading room and ultimately how you should be best set up in order to follow the stocks We've been following so for from earlier today the PRZO wasn't the best move. Thankfully It's actually still holding over support right now, but I think I'm done with this trade here I mean, I'll still put it on the list, but I mean more for pre-market. It's just been nipping at this support I think it's gonna crash under it here sooner than later But you know more from the earlier session here finally we had a nice pop and it was this PRZO So whatever news came out. We were looking for a move up higher on this trade Didn't get that larger move up higher But ultimately after the initial pop we were looking for support We had it right here off of 133 132 ish right there Just big buying that came in from the from the initial breakout Well, we'll teach you that coming up later on today at 12 o'clock Eastern time join us on YouTube join us You know if you had the zoom invitation as well from email, just check your inbox as well We look forward to having you there So it will pop that up on the stream right now join us at 11 o'clock this morning not with fowstow But with myself Josh level 10 here and Jerry from a trader is accounting on top So we're looking forward to that now with that though. Hey, you know again It's been a bit of a slow pre-market We had a great day yesterday and what we'll do is really just zip right across the percent gainers and losers lists here The he stock perhaps is one that I could talk about from yesterday, but really let's just go right from the top right now PRZO I guess is at the top right now at this point up over 32% but it's not looking as great now testing that support Finally, ah, he's trying to make a move here So I took a 5 cent loss on I heat earlier this this morning pre-market and just going into the 9 o'clock move A little bit earlier there. There we go So it was when it was a kind of nipping at $5 $4.96 here it was looking for the pop higher and you know popped a little bit to begin But it didn't get that larger move up So I was looking for it if it's not going to make that big move on the way up It's gonna make a big move just on the way down So, you know it was best to get out but at least right now it's still trying here, right? So I'll put a line at $5 $4.96 to $5 was the actual range of support We've been calling out in our chat board. So if it runs without me here, I'll live with that. That's fine I hope that you can catch it though if you're Michael or John or Brad or Kathleen or Barbara any one of us here inside We're live trading room. This could be a good shot right now I mean the order book is filling in a little bit more more right now decent spread again It's over the level already. So we were actually looking for our next resistance on this trade 530 and then at 550 up top so about like nearly 10,000 shares on the ask at 530 And then about 16 plus thousand shares at 550 here All right, I'm presenting today. I need a lot of work. So let's keep it going for right now Ah, he definitely on our watch list. Oh Maybe not the other big shake and below not just five and 496 also I'm seeing the VWAP right here in light blue. So that's also a bit of a technical level That's not good. We got to run for the hills on this here So if you jumped in I would just bail bail right now, especially just because hey if it were to a pop I still would have said by 915 ish You want to be out of your trades anyway prior to the open just to give the stock and yourself a chance to breathe So especially after this ugly shake again, it's been teasing this thing all from the morning So, you know, hopefully it ends up popping at least if not sooner than later than at some point during the day But yeah, the ahi trade will keep it on our list We're gonna keep it on our watch list here see if it can make the better move at some point But that's not the result you wanted to see there, especially with the multiple test of resistance All right, so, you know, I got a ping from one of our students I think it was Steve quick shout to Steve here saying the mod trades restricted on trade station So if you're not able to trade this stock for some reason if you're broker Denies it the chance to trade this jump in long It's easy for me to say but it's honestly just as easy for you to do really I mean, we're all grown-ups here, right? We just move on to the next stock. Don't let it get in your head Don't get too emotional. I it's running up without me You see it run without you and for some reason your broker can't allow you to trade it Just move on to the next trade, right? Don't let it be noise because the worst thing that that could happen there is you let it be noise and can't trade it anyway and There's other stocks that are therefore moving without you that you're not looking at Because you're stuck kind of ripping your hair out wondering what why my broker restrict this it's happened on a rarity It's happened not often, but it's happened before There was a stock KO DK years ago I remember I went to jump in and trade station said order restrict order rejected whatever it was and I'm like oh man Like I was getting a little pissed about it. It was running up like two three dollars without me But that's the lesson I learned there were other trades at the time that I wasn't focused on so you know Hey, if you're on trade station, if you can't trade this stock Easy to say but easy to do just got to move on to the next trade so mod I'm gonna put this on our list for those that can trade it you could trade it Let's see if it could finally break out here because it's been a tease all morning Obviously you can see from the regular chart But really from the morning session been in this like tiny tiny range have these iceberg orders on the ask trying to push It down perhaps but you know you wish for this stock to make a nice move It was up huge from the after hours yesterday. It's a cheap stock on good liquidity So it's something that will tease and interest a lot of us perhaps right rightfully. So Steve says right answer moved on to the ahi and made a profit. There we go Steve Actually take a look at that really quickly Steve. My apologies. I want to actually get Steve's post on the ahi trade Let's see Steve. How do you do on the ahi trade there? I didn't see your chat just from before What was the trade that you called on that one really nice catch either? I'm just happy that you wrote that because you know, hey obviously it stands true So really nice catch at least on top. He says and you know for right now We'll add mod for those that can trade it, but let's keep going TRK a I saw this in pre-market, but it was on just like kind of light volume It looks like it took a huge hit from two down to a one over the last few days So I reckon this is a small dead cap down But you know how much do you really buy for it to run all the way back up? I really don't buy much of that. So, you know for right now put it on the side list here Maybe it could pop another 15 20 cents, which would be nice, but let's just see what else is out there for it now Night scope I feel like this stock has been a short squeeze candidate for a little bit You know and just got beat up over a long period of time and just back from late June early July squeezed up pretty nicely You know cooled off a bit, but hasn't broken truly lower since and trying to gap up a little bit right now I don't mind slipping this one at least on the main list here kind of comparing those two Now we have the Chinese stocks gap up this morning China market like in the ETF Yeah, and we had all these different ones like expeb neo billy Lee Nikola I think if I'm not mistaken I could be wrong in that just I think a bunch of these different got you We're all gapping up in pre-market doesn't mean that they're gonna be worth watching as much But now at this point when we scan through the gainer side and there really isn't a whole lot to you know grab right away You know, we'll take a look at him here Neo expeb looking a little healthier for right now just comparing those two Lee just a little more expensive. I'm sure this will have a bigger spread I don't want slipping expeb on our list. It's actually up over 5% up 7 plus percent right now. I Cues another one just that I remember from a little while back tal got you They're all like up percentage wise, but we want activity. We want volume activities So now the neo trade could have been nice. Oh, let me go to Billy BIL I think I even had that one on the pre-market watch list So prior to 8 o'clock it popped up pretty well at a tough time breaking higher off of 1650 You know it's turning a little down here prior to 8 o'clock and continued So, you know, I don't mind putting in the Billy trade to on our watch list with expev Just in terms of activity Hopefully they end up making a nice slingshot when the market opens up if not then both are shortable You can look to jump in on them Steve updating us on ahi remember Steve moved over from my he said it was blocked from him on trade station Jumped over to the ahi tree got 10 cents. Got a dime that that's that's great trade Steve That's net 15 cents better than me on this trade. It's like a 5 cent loss. So There we go. Let's see what we can get on the loser side right now though folks I mean honestly, I think we went through everything on the gainer is here There's anything else that's popping just as I'm going through definitely. Let me know Each e pretty interesting move here, of course, unfortunately with the disaster happening in Maui Of course our hearts go out to everyone out there just you know property property lives everything just their whole community And you know not to go into that discussion further in terms of just translating it towards the stock market here We've seen this happen before with pcg pg and e company with the california wildfires And they got crushed for a number of weeks before they ended up making their sharper bounce So it was just I think yesterday where each e did have a nice little bounce in the morning session Wait for it wait for it That's yesterday there we go a nice little bounce in the morning session yesterday Pardon me that that from 1450 up to 17 plus. That's a great trade But when the volume died off and it shook down and more selling pressure kicked in You know look what happened going into the yet and going into the afternoon this thing took a huge hit I'm sure more news came out on it at the time But that's the risk with trying to make a dead cat downs on a stock that took a huge hit like this If it's not going to continue it's going to lead to a sharper drop off over time So obviously with news coming out yesterday afternoon, it's down another 35 percent this this morning here It's not at all time lows yet. That's the interesting part if you go all the way to Follow me here Follow me here Go all the way back to 1974 That's where we had the all-time low September of 74 So that was three dollars and 53 cents has a ways to go to get to its all-time lows Wayne was saying it was a lifetime ago. I was I was about 16 years away from my earth debut So with saying that you know he has a ways to go to get down towards its all-time low I'm not looking for it to hit its all-time low soon enough here. I think over time It's going to eventually find support perhaps maybe from like if not 10 years soon enough Then maybe five the more drops a psychological level, you know half decade number like that So he I'll slip on our watch list here. It is short of on trade station Double check to see if it's restricted altogether though like a the mod trade at least Wolf wolf was down big in the after hours yesterday and still dropping off a little more into the pre market here It's going to have a bit of a spread It's going to have some thin volume out there just given the price more than anything But it's dropping. It's you know a good short candidate I just like the he more in terms of overall volume, you know There's not much of a need to follow this if we got the he trade and you know Heck if there's another good one out there like cvs cvs I'm sure down big perhaps off of earnings itself this morning. Let me double check on that I don't want to talk out of pocket I'm talking out of pocket So cvs shares trading lower following reports suggesting blue health of california has decided to discontinue its Utilization of cvs health's care mark. So the headline out there again Following reports suggesting blue health of california Health insurance company has decided to discontinue its utilization of cvs health's care mark So, you know led to a bad reaction this morning as you could see and you know thin volume here in pre market But cvs is more name brands right treats a ton of volume every day The order book will fill in on this when the market opens up That's for sure So I will put this one more on our watch list kind of comparing the wolf and the cvs This actually will have more volume out there. I believe If not, then I'll move on personally, but I'm willing to give it a shot there All right, so what else we got anything else looking good here folks up down left rent more than 5% Let me know again Stay tuned for all of a sudden youtube and facebook live all of our social streams Just we have a big multi speaker master class coming up later on this morning into the afternoon Jerry from traders accounting coming on and then myself afterwards Taken him for Faust on an introductory to day trading webinar going over level 3 and level 4 Discussing a few big moves that we caught from this week and so forth Um, all right, so let me know anything else looking good here. I'll go to my scanner on benzinga Not much else that I see maybe Make this 100,000 or not or not, but yeah, it's really it not much else popping up over the last three five six minutes Or so here really You know maybe a check back in on like a neo which we already have xpev and billy You know a couple of those chinese stocks on our watch list and they were trending well xpev was moving up pretty nicely just before So we got those the nnox stock I know is asked earlier just too thin volume out there right now Especially from earlier dived off after we had said kind of stay away from it Also, look at the trend on this back from the last month month and a half I I haven't seen a downtrend this pretty in a long time So this thing took a huge hit granted it will have a small dead cat bounce But like we just said what happens when the when the dead cat bounce is done bouncing You know, it's gonna fall really sharp So you don't want to be on the wrong side of that especially with how thin volume we have here on the order book Michael says l l dropping off. We'll take a look Oh what happened there? Actually, I saw it on the losers list here. I may have just glossed or skipped over there Mike so honestly a great cat a great call out right now just big drop right now over the last five minutes Yeah, and lumber It actually didn't have great volume on the order book back on tuesday when we were trading it It ran out pretty nicely, but it didn't have as you know big orders out there on the book So let's just see what the news is here. So l l flooring holdings 13 defiling shows f9 investments holding blah blah blah All right, so you know dropped off big this morning Ended up just basically filling the gap that it had from the last few days, right? Kind of topped off back from monday this week at 389 here at 387. So even filled it lower actually so If you could short it it's a possibility, but I'll keep it on the side list. It's a great shout from michael though. I appreciate him making that call out That one we did not look at there. So actually pretty timely there in fact But we'll see if there's any more to it once the market opens up. We'll keep that on the side list at least first All right, folks. So hey, I think that we're all good here for right now So in total two four six seven stocks to work with you know We never like to build up too big of a watch list for any given day You know we always say here especially this week. I've been like kind of screaming it like we don't want to stress Or overwhelm I should say we don't want to overwhelm any of our students here by calling out this stock this stock that's So seven stocks on our watch list. I think is perfect We've got a couple of expensive ones on there. So if you're looking for something more like one to ten dollars We have a couple of trades there for you to Then even furthermore it's better for you to consolidate that watch list down to a You know group of two or three there to work with for the market open Hey folks say i'm gonna refill up on water gonna stretch and get ready to go for the market open here So i'll be back on right at 9 30 for all of our students live inside our live trading room Hey, if you wanted to join us just before our webinar before our master class workshop coming up leader on this morning Just scan that qr code if you're on social just on the top left of your screen Just to join our students like Wayne and Kathleen john and brad all of them right there and I look forward to seeing you as well Take care