 All right, separate traders welcome on back here this Thursday afternoon October 27th shortly after 2 30 p.m Eastern time welcome on back here for our afternoon meeting great to see Michael who's picking up some money just earlier on Shopify great to see Warren and Mark s Bullside are really nice down Shopify as well a few of us did pretty nicely on that stock actually great to see Chuck Andre Leda Jean all of us of which can hear me loud and clear That's nice to see great to see all was back on social media if he spoke live and YouTube So folks right now the markets are squeezing down clear lower high pattern and making the drop off at least back down to the Low of the day we'll look to see if we break lower and if we do break lower Is it just gonna be a little head fake or is it gonna look to begin to really drop off a lot more? What I mean by that is if you see my five-minute chart here the spy What I'll even try and do is look to do a little mini trend line right off the lows here you could see that pretty evidently so far throughout the day and That should be some support for right now So even if it breaks below that Trend line and breaks a bit lower Is it a real break or is it a false break? And then it snips back up through that level and then it runs back up That's what you would hope to see at least for all this year that are long I'll tell you what I don't have my note there from it. That's not good All right, so I'll tell you what we ended up doing pretty good at least from the morning at least You know before things slow down things dropped off right now, but things that slowed down a little bit You're if you're following some of the more expensive name brand mega cap stocks like of course meta down still over 24% dropping off right now Apple that recently ended up breaking below support off of 145 and has been dropping off We're calling that out earlier So, you know, you're following a couple of those but at least across the early afternoon early to mid-afternoon It's been kind of slow kind of quiet. So, you know, here's Shopify, of course That leads me to this year on the screen up over 17 and a half percent right now Ended up making a beautiful pop from earlier this morning. You know, this was quote-unquote on our list Yeah, I don't think Fausto ended up actually posting it But we were all over this trade beginning from pre market myself and one of our students Chuck and then from that point It took off right away. Now. Here's the issue on the stock for me I ended up picking this up from the VWAP as a day trade But more so heading into the late morning early afternoon when it came down to test it for the second time I missed it off the initial pullback down to the VWAP. It made a perfect bounce two separate times But the first time here would have been prime ideal for this to be a swing trade Opportunity so even with the markets dropping off a little bit right now I mean Shopify coming off of great earnings isn't really, you know showing as much weakness It's not popping mind you, but you know, it's been holding strong So with the news that came out We were just talking about this even from yesterday in the phase two stock course our day trading class that is You know with the stock that ended up dropping off as much as Shopify did over, you know The amount of time that it did like nope. Let's go back more Yeah, right around there. I guess I mean this is before they did the split, right? They weren't Originally 160 plus out there were much more than that technically over time Then they ended up doing the the split but either way they dropped off quite a bit from high to low at that point So for a stock that is dropped off as much as it does you're looking for a marginal a fractional recovery So you're not looking for a full dead cap bounce, but this could be a great swing trade opportunity And you know, perhaps could still be a great swing trade opportunity over time Maybe end of this week or beginning of next should should it make one more dip and pull back But from here, I was like really itching for that as a swing trade I kind of just moved on from it at first and then I look back a little too late after it had bounced off the VWAP And I felt like I was chasing him So I got my day trader led to us a nice trade on the day trade here I wouldn't have been as keen to hold on as a swing trade from above 33 as that would be from above 32 You know, you have a little more leeway there a little bit more cushion room But now getting back to this as a day trade. Well, if anything, it's building a fowstow flag, right? Holding the top really well roughly off that 34 60 building higher lows across the way through I mean if I if I put this into a like what 15 minute chart perhaps Maybe even more maybe like a 60 minute chart 30 minute chart You could see the higher lows the top building pretty nicely it looks probably best even on a 60 minute So with that Shopify, I'll put on our main list at least to begin, you know name brand stock But trades really good liquidity, you know, otherwise more than our price range now Maybe over time they'll fall out of our price range get too expensive, but you know, right now looks pretty strong on the way up here All right, so I'll tell you otherwise a couple of other stocks making some smaller pops But not off the best volume. We'll just go from top to bottom We'll probably find those stocks as we go through but you know for any of the other bigger movers that pop from the morning We'll look to recap them, you know, just as we go So each TCR is one of them ended up having like more of a low-volume pop at first to where it got halted It reopened up now. Let me just do a little playing around here right now Just I got a little time got a coaching call coming up at three o'clock with one of our students But not a formal group class at least so we could take a little time. Don't need to be as prepped So 220 for right now that was a key level coming off the halt That was the opening halt print Broke above it head fake once it came back down below it even as it comes back down to it You're like, ah, that's not a good sign You want to see it explode off that level and make the true higher high and run So once it pulls back under that level, it's a wrap game over I mean it made like probably a scalp little bounce, but that's not what we look for really at that point So even afterwards ended up making another run back up a true false breakout where it broke out above it again and pulled back Yeah, so right now this HTCR looks to be finished up with it at least I Shouldn't have even looked at this one user. It's a buyout, right? AG FS ended up making a nice move from earlier this morning So probably our best play from pre-market that we had on our pre-market watch list and then into the open I ended up making a nice little pop afterwards, too So I ended up going from like 240 broke back above 250 pretty quickly Then ended up taking off up towards just about 279 280 that that is Yeah 280 So for right now, it still seems to be kind of near said highs You know it's still showing a little strength But you know if anything it looks like around the top looks like lower highs of late So, you know, maybe I'll come back to this stack at the very end You know if it ends up showing more life here And I'll put it on our list if we could maybe show a little volume on the bid coming in if it pushes up a few more pennies We'll keep it going here folks MCLD pop and drop Pop and drop to in a row there Talk about a pop and drop geez so view I forgot about the drop-off on this trade end up having a huge run from the morning So if anything, let me just zoom in on this chart I mean the drop-off makes the run-up look like tiny But really from the morning the run-up that we had on this stock was beautiful from like 120 all the way up to 160 at first then ended up breaking the higher and ran up towards just about two So this was pretty much our trade of the day this and the AG FS from the pre-market but And this is the big but here right Ultimately on any stock that we call out inside our live trading room, you know, unless other specified otherwise It's a day trade right and you know, I say that in relation to a swing trade But with a day trade, we're not holding on throughout the day. We're not scalping We don't look to scalp necessarily either But you know, we at least follow the stock and once we happen to see a decline in the volume traded Especially for as much as us as much of a run-up as a stock like view makes you got to wonder anyway from 125 up to near two. All right. Well, what points does this begin to pull back? Well, you'd normally look for a false breakout over to pop and drop to then the pullback But let's see if any news came out on the stock. That was a crazy drop-off on this view trade So, you know, it's saying that I mean, you don't really anticipate news to come out midday like this if there was Let's see. I I'll tell you I'm Benzinga pro right now I'm looking up the news on this stock looking at the drop-off that it had I got halted off a circuit breaker volatility halt like two times But I don't see any news now. We ended up having a stock. I think it was AV DCT I could be wrong. It could be another stock to be a traded from the past week or so But stock ended up making a big run and then just one day Ended up coming out news and getting smashed. It could have been a different trade. Maybe just shoot from the hip here AG FY Maybe this could be it One of the stocks to be a trade at this past week, but midday very similar to the type of drop-off You just had there on the view I mean, you normally don't expect that right, but otherwise for as much of a As much of a run that the stock like view makes you got to expect at some point for it to begin to pull back and not to say Make this drop-off, but over time eventually likely get get back down to this price here now slower decline All right, let's see what else we got here Otherwise folks Shopify back down to 34 that that's been a really strong level throughout the day today a Lot of big buy and let's believe off that 34 and from other prices too, but 34 is really strong from the elite morning All right, no real familiar names otherwise on the gainer side or at least up like 8 plus percent here If there's anything else that's up that looks really good folks type it in the chat board I think one of us I think Michael had mentioned the array just earlier So we'll take a look at that in a bit There's anything else though from the gainer side. Let me know. I'll just jump over to the loser side in between here BW Mark called this out earlier as a short when it you know dropped off at first But there is still seemingly a lot more room to go afterwards So it called it out I think as it was on the way down to six and then just completely dropped off from that point so You know, I'll tell you this stock is tradable shortable and trade station my platform at least just double check if it's shortable for you But you know for right now support off of five You would assume major support off of five bucks We only have Shopify on our main list actually as of right now. So BW will join that at least here in the meantime meta We'll put on our list right a little expensive But obviously trading a ton of volume today really good volume on the order book for as expensive as it is So, you know, this is exactly what you would want to follow in terms of a short going into the market close Actually really quick So they got a little time I Have this at least prepped up right now because I was helping Fausto out for his webinar tomorrow So with that meta ended up dropping off It was holding support off a hundred here really well throughout the day a couple of different bids that were filled But with lower highs and the the testing and testing of support off a hundred You got to expect it's gonna break and once it ended up just Rebreaking fully through the iceberg here Ended up holding as resistance dropped off beautifully has been a great short But right now meta Facebook is on the way down to 98 testing a 263,000 share bid Right there. So I would say that's pretty big in relation to even what we had at a hundred had a hundred seventy nine thousand shares roughly off a hundred from earlier you also had a little bit more that was there like a Yeah, 227 K there. I mean since a hundred. This is your next biggest level 99 There was something 90 50 But in terms of how much volume is on the order book at one sitting This is definitely your next biggest level that's out there after that 97 you see there So, you know, keep your eyes on meta on the short looks pretty strong on the way down Can't do that for every stock that we go through folks, but Metta I ended up having up just right there. So that was easy Let's see what else we got here on the downside though I mean, hey the Chinese EVs like expev neo Lee all of them are dropping off big today expev down over 9% neo down over 5% I think expev just eh tradable And they're down big if they were near the low as much like meta is right now Then I'd be more inclined to put them on our watch list I mean great sideless stocks neo seems to be the weakest out of these right now You know, it's down over six six and a half percent right now just near the lows actually so You know out of any of them I would be more inclined to put neo on the watch list as a short drop down to 10 I'll tell you though if the spines upholding this trend line here Should it false break it squeeze back up above it then, you know Perhaps you get a dead cat bounce collectively throughout the market And maybe neo could hold that 10 and lead to a nice little push upward. That's always a thought Alright folks, let me know if there's anything else that looks good We have four stocks on our watch list if you don't like expensive stocks and that makes it three. I Always like to point that out, right? You don't want to let an expensive stock like meta be a distraction to you if you're not as inclined to you know Trade a more expensive stock and that's okay, but for right now meta just as a trade looks incredible as a short Michael says roblox not big percentage gainer, but near high the day. Well, at least take a look You know just for a more expensive stock though, that's where I would say I want to see more volatility like that is more expensive But that's like really giving you more bang for your buck, right? So, you know even a check out an AMD on the downside not big percentage loser But the you know chip sector has been really volatile and in a good way Roblox we've traded you know oftentimes and if it was looking sharper than definitely that's where I felt like GM yesterday Had the chance to make a stronger push if we ended up getting a pop up up higher in the market But obviously we did not necessarily get that right ended up getting just more of a consolidated push and GM just kind of held Right now at the market's dropping off. You want to follow some stocks that are moving with the market definitely weaker than anything like meta AMD Getting back to this. I mean hey, it would be a good one to put on your watch list, right? I mean, you know very liquid all the way down to big icebergs support at 59. I Think I'm selling myself on doing that All right, so AMD will put on our watch list You know, I wasn't a fan of having so many expensive stocks on our watch list any way from this morning that included Nvidia So, you know from comparing the to AMD Nvidia will go AMD But otherwise I want to keep it more contained with what most of us look to trade within like 1 to 30 at least Or you know 1 to 20 perhaps otherwise. So, you know, I neo I American Airlines not really doing it for me here just kind of slumping off UAL actually up over 2% or up 2% right now with the market dropping today. So I guess holding strong as far as a potential swing All right, let me just check out Benzinga pro folks then we'll just finish up here. So I Don't really have much on the gainer side as you can imagine Even if you see views sneak up a little bit. I have no interest in that trade now. So pass on view nrbo Nah, it's too illiquid. I should add one of us on YouTube just mentioned that right now So nrbo starting this, you know squeeze back up a small amount, but it dropped off badly from the morning Just there's no real volume out there That's where I'll tell you if our whole MO for a whole, you know catch freeze here is to follow the big money Follow the smart money and you don't see any big money any smart money out there Probably not best to treat it right and it's okay to think of it that way We need to be very blunt and real with ourselves at times, right? That's where you hear me emphasize certain, you know Rules that we go through in class. I don't see much else even on the loser side here for Benzinga pros So I'll tell you folks. I think that'll just just about wrap things up. I guess we'll check out actually a ray I forgot about that from Michael from just before it's up over 5% Nice day for a raid today at least ended up just dropping off now Yeah, I mean, you know that could be a good side of the stock. I Think folks we're gonna call it. We have about five stocks in total though to work with you know more on the Downside than anything, but you know, that's where we'll be diligent with scanning from this point Don't look to force any callouts out there. Don't like, you know, call out of stock It's like flat not really doing anything But scan be very diligent with scanning and you know here if there's a stock that is Making that move up that you find to be pretty attractive and call it out that then let us know at that point I'm sure there will be something over the next 70 minutes that will look to you know Call out whether it's off of news or not, you know, I'm sure that we'll be able to catch a nice pop Taking us into the market close. All right, so for all of us on Facebook lab in YouTube Folks if you have any other questions feel more than free to send it over through email I always like to post my email address here at the end of the streams Josh a C2 trading comm is my email If you're interested in joining our live trading room, just go right down to the link on the blue banner below Normally yellow I got to make that yellow there next time But normally I'll say go right down to the link on the blue banner below right there the stream to get yourself Started for all of us there inside the live trading room right now lead a grant Michael mark Etc. I look forward to chatting with you folks coming up here in the next hour. Take care Come a cyber group member today Just click the link below and receive all these amazing products and a world of knowledge for just $9 Do it today