Thank you Foreign foreign Hmm oh brother oh brother oh brother oh brother. What is going on? What is going on? What is going on? Welcome to a little bit of a Power Hour show. but Matt it seems like you have no clear consistency in your content creation. What's going on? Man, when am I supposed to schedule you into my work day so I can watch you a hundred percent of the time I Don't know I I Decided New Month new Me: I'm going to make content when I feel like making content and today you're gonna get a power hour stream.

That's how it works. Power Hour with your boy Matt with your stare stepping expert Me: Mateo Happy to be here and happy to talk about everything that's going on. So I want to give you kind of a breakdown of the absolute vomit sesh that's going on not only in stocks but also Futures and also call options and also crypto. So we're going to be talking about that.

We're going to be talking about the seasonality of today, what to expect for tomorrow, the macroeconomics to look forward to tomorrow, the earnings announcements to look forward tomorrow, and also a special shout out to Rumble particularly Rum Stock the one that you know is actually still green on the day, even though everything else is horrifically red. And then we're gonna do a position review because I am crushing it on the day. Thank you thank you thank you thank you! It turns out it pays off to sometimes be degenerately placed into put positions and also selling premium. So it's a fun, fun show obviously.

I Want to get to your question? so I want to explain a lot about credit spreads selling call Credit spreads because that's how I made a decent amount of easy, easy easy money today. So I want to break that down? It's going to be a little bit more, at least part of this. a little bit more educational. but if you have any questions, let it fire.

Uh, we have some SEC news. Kraken No longer allowed to do staking so the SEC crushing any crypto staking we have a lot to get into. We have a lot to get into, but before we get into all that, please please please don't forget to destroy the like button. Helps out with the Rumble Battle leaderboard and helps out the algorithm on YouTube.

And don't forget to subscribe subscribe on Rumble subscribe on YouTube We are going for that important important goal on Rumble of 69 420 Subs So if you want to help with that, if you want to be one of the people one of the 69 420 people in the world that say you sub before that magical moment on Rumble this is your chance. There's only about six to seven thousand more to go and then after that moment, what else is really the point? What else is really the point If you're gonna stop after, you know I just want to throw it out there. Just want to throw it out there. Uh, don't forget to check out what's pinned to the top of Chat, the Goonie Community Mattress.locals.com That's where I post my trades.

That's where you can post your trades. That's where we do super secret cult streams. That's where we basically have a lot of fun. especially when I'm not streaming live to all of you.

Uh, today I updated all of my positions in there that as of now are fortunately crushing it. But with all that being said, do you know what to do like sub yada yada yada yada yada And let's get checking out with the market all day selling. They pump the market market up in the overnight sesh just to sell it off all day today and we are in. Power Hour There's 58 minutes left and man oh man if this baby if this baby right here, the S P 500 goes down another 50 cents and we're talking about the key level at 407.50 if it gets below that closes below at that Look Out Below My next Target would be 400.

but like I said, maybe it's not going to happen. I mean we do have 50 cents more to go, but uh, if we crack that, oh uh, Tesla's having a great day. No, it's not Tesla looks like it's about to vomit. Are we looking at the same? Tesla Tesla Literally, as you're saying that live looks like it's about to break down and just vomit.

like the overall. Market If Tesla doesn't hold 209, probably selling to 206 205 today tomorrow. Uh, it's Tesla's not looking good. It's green.

but that's just because it gapped up uh, intraday basis. It's looking a little weak right now. Um, and it's not just Tesla like Tesla I Do admit it, it's one of the few. like the only green things on my chart today or my watch lists are rum and Tesla um uh oh.

the Es is cracking an important level. the Futures market right here cracking 4100. We're about to crack the low. four thousand, ninety eight twenty oh we just cracked it.

Tonto this is getting murked. Um I had a couple intro like the robot traded a couple day trades today. I Don't know if you could see this. Uh, it's not going to show you but the robot system that's up 642 dollars right now as we speak.

No positions or all. these positions are closed I think it went three for three today. Maybe went four for four. Um, so the robot system did well in terms of the intraday and obviously most of those I think it was three shorts and one long.

So I think it went four for four. Dude, the markets crushing right now. Uh oh, this is not good. This is not good.

This is not good. Um I Hope you positioned yourself for it. Here's a little sneak peek at what I have going on in my portfolio. Uh, once again I Know it's annoying to do the sales pitch, but like if you want it, just get on Goonies like I I know it's annoying I know the over sale.

everyone's like dude, who cares but if you want this if you also like I mean I Created all these positions today on a small account and it's already up 174 and it took on minimal risk because most of it was selling premium. We saw sold a call Credit spread against Meta we sold two call Credit spreads against spy uh The Meta up 43 spy up 48. once again, this is a small account. kind of a doing a small account esque challenge Tesla is the only one that I did sell a call Credit spread right here.

that's these bottom tune um and between those that's uh, actually kind of break even. but the directional as you can see right here I loaded up So not only did I have one spy put, but during the midday session I was like dude, this is looking weak I see the dollar ripping I see the Spy vomiting I see the cues vomiting might as well double up and now get two of these. So my average went from like 2 10 to 222. so doubled up on that and they're already up 25.

So this is the real winner of the day is this directional bet. So we have a meta call Credit spread, two spy credit spreads and one Tesla credit spread. but then I have two Tesla puts as well which is really, uh, the Lion's Share of the game today. Um so I just want to give you an update on all my positions.

Dude, the Spy it's right at that danger level. it is the spy and why I'm saying it's at the danger level is because that's the low of this whole session of this whole session. right here below is from Tuesday the 7th, 407 57 We cracked it if we go below it which we already have if we close below it the next little stop I see is that 405 but really I see this self-correcting all the way down to 400. um I Know there's been a lot of people who have been erroneously telling you, hey, it's gonna break out, we should buy everything, we should be bullish and I feel like they were just looking at a very different chart than I was because it's as if they thought hey, because it's already green, it should be more green.

So many people were telling you this is going to break out and rip. So many people told you that this is going to be good for other stocks such as AMC which is now getting crushed to the tune of 10. Uh ape now getting crushed to the tune of 5.6 Gme getting crushed to the tune of 6.3 percent. This is even painful for me to see because I'm in these I have AMC I have ape I have Jamie But this is a great great lesson of why you need to hedge yourself out.

Not everything is always going to be sunshine and rainbows. If you think things are going down, you can hold your core position. but you hedge it by doing other things such as selling premium especially call Premium such as getting some puts against things that you think look the weakest. uh I mean so many people have gotten this horrendously wrong and in all reality they are costing other people money.

You joining Rd and STV who the are our D and STV is that a show or DNS TV What am I I don't like? Is that a show is that like a trading show or something style I Don't know what we're talking about here. Um, but I The answer is no because I have no clue who you're talking about. oh review dork and STV no why would I be joining them? Why are we still paying attention to AMC I mean some people are still in it and like I get like I'm still in it like I'm gonna pay attention to it. Um, but I think recently it's been on more people's minds exclusively because some absolute crazy person was telling you it's going to 140 this week.

And unless we're about to rip a hundred and thirty dollars, I I don't see that happening. Um, Tesla's still up 3.7 but that's because of a gap up. I Mean if we look at its opening value, it's still up. like I'm gonna give you that.

uh I mean right now there's only two green things on my watch list. Um, and that is rum and Tesla but rum is up two percent and then we have Tesla up 3.88 But it's just a different intraday action. I mean most of Tesla's gains came from the Gap up, not from its intraday action. I am applauding Tesla Without a doubt I am applauding the Tesla Bulls because as you can see from the Spy as you can see from the cues, Tesla has tried to Buck the trend I Mean it's even trying to sell it.

Save itself at this breakdown right now. Um, but I just don't know if it's going to be enough when the Spy is selling this hard, When the queues are selling this hard, When you have the small cap sector selling this art and the dollar picking up, it's only a matter of time. It's just Tesla It's too big to the point that it's going to be somewhat related to the overall. Market I Mean we're talking about a six? How much is it? 650 billion? I Want to say 662 billion dollar company? When you're that big, you're gonna be related to the overall market like you're not going to really go your own way once in a while, In certain days, certain weeks, you'll be able to Buck the trend.

if there's certain announcements that are good. certain announcements that are bad. Obviously, it can go its own way. But just generically, when you start talking about really, really, really big companies, it's absurdly common for them just to kind of go the way of the overall Market Because when you're that big, you're basically just inherently Tethered to the overall Market if that makes sense.

But right now, my major watch for the remainder of the day is this: 407 50 level Look exactly where we bounce: 407.39 We bounce on attempt number one. But let's see how this one ends up playing out. Uh, we have Apple giving up its gains. We have Google that? well that got slaughtered with Bard Microsoft getting soldered.

Meta getting soldered Amazon Getting soldered. Uh. Tesla is a green one, oxy. Unfortunately, I'm still long on on oxy and not looking so good today.

Rum is the one I Want to call out to you that another one bucking the trend. Uh, happy to be invest in Rum every time. Every single day that runs closing above ten dollars. It gets me stoked just because it makes me think, okay, a more realistic shot of it testing 11.

Uh, but rum another green one. So shout out to everyone watching on Rumble right now because the fact that you're using Rumble is part of the reason why Rum is actually doing well relative to the rest of everything else. Uh, look at Pepsi Well, Pepsi had earnings than it did. Uh well.

Pepsi Pepsi Pepsi So Pepsi is still green up point eight percent. Not the best trend on the day, but it did have good earnings. so I want to throw that out to everyone? uh Walmart that's green Target slightly red uh Home Depot uh, getting crushed today I do like Home Depot I Don't even think I'm invested in it right now. but I do like Home Depot Uh, Nvidia is another green one I mean we do have some okay, like on a relative basis, the semiconductor industry is doing decent SMH Like this: SMH is in the bottom left of your screen SMH is the ETF The Exchange trying to fund that tracks most of the major semiconductors that's actually green today.

So it's all right. But today, the winners were clearly Rum and Tesla at least according to my watch list. But um, the Spy is getting to the danger zone. I Mean right here.

It's a clear breakdown. and if 407 50 doesn't hold, we're saying hello to 405 and a 405 doesn't hold. We're saying hello to 400. uh, that's how I see it.

Maybe I'm right, Maybe I'm wrong. Um, but there's no way I'm gonna sit here and promise you like stupid things such as we're running to 150 like it's the people who are doing that are just asking like they're just basically getting all their little sheep to get slaughtered. Do what you think is appropriate, do your own studying, listen to other opinions. you might agree with them, you might not agree with ones.

Do what's appropriate for you. and if you think the situation is kind of funky and maybe it's just not your style, it's okay to like. You can sit on your hands, sitting on your hands in a lot of situations is the major play. Um, but because of some of this craziness and the volatility.

uh, the high volatility of going nowhere, That's exactly 100 exactly why I wanted to focus a little bit more on selling premium and today specifically we did call Credit spreads that are absolutely printing right now. I mean we did call Credit spreads this morning that are already up big. Uh, The Meta is up four percent spy is up 48 and Tesla Well, Tesla's being bolstered by the fact that I also have Tesla puts, but there is a Tesla spread in there that is roughly positive. Roughly break even.

so. Tesla The test: Tesla games are just from Tesla puts, but the spy and the Spy plays multiple plays in there. and the one meta play. dude, just crushing it.

Absolutely crushing it. So just trying to use actual account. it's a small account, but it's real money. and I want to show you how you can grow a small account with minimal risk I think a lot of people pitch this idea of like, hey, if you're trading with lesson whatever one thousand, two point, Five thousand, Five thousand you have to take these large risks all the time.

I'm literally trying to trade with a small account this account was funded with I think Five Grand I'd have to double check it in the world of trading I'm not saying this on an individual Financial level, but I'm saying the world of the markets five grand is a smaller account I'm trying to show you that even if you're below. PDT If you're dealing with all this stuff, you can still make good percentage trades, good risk reward trades, Just trying to show you that you don't have to always do this like YOLO Lotto like out of the money, call out of the money put like type of stuff. It's fun once in a while. once in a while there's a time and a place for it.

That's exactly why I loaded up on a second Tesla put but it's not always the only way you can make money. Obviously, if I took the account and bought all Spy puts today, yeah, it probably would be a multiple hundreds of percent. but that's the situation. The more risk you take, the more rewards you should also be getting.

So even with the big gains today, I took minimum minimum minimal risk. Now obviously if I load it up on puts I'd be up like way more and I'd be super stoked about it. but more so as I want to drive home this concept of solid repeatable trading methodology where every week every month you have a net expected value of return especially through selling premium something where you don't have to watch every single minute of every single day. you kind of place it.

you check in on it and you just you're collecting the Theta burn. That's what you want? You want that Theta decay. foreign things will be trappy I think I have been checking out the volumes and they speak volumes. Um I I Think we are in a chop scenario but the chop that we're in has large ranges to it.

So we have Opex tomorrow and then we have CPI report on Valentine's Day of Tuesday of next week. So um, we do see certain big whales for example right here. Where was it right here Icon who is a legendary investor car all Icon is betting on CPM coming in hot. He bought five billion dollar position notional on SPX pokes 40 50 strike that expires February 17th.

So we have some whales loading up and just because you're well, it doesn't mean that you're right. Whales get it wrong and they get it wrong. Commonly certain whales destroy other whales, but uh I just want to throw this out there. Just because he's doing something doesn't make him right.

Just because I do something doesn't make me right. but I wanted you to know that someone is literally throwing 5 billion against the market right now. They feel that confidently that this is just overpriced and it's not that crazy. Look how far we've run.

even if the CPI is like wrong in his theory, we we've just run so much, it's not the craziest thing to think that we need some sort of mean reversion and I'm at minimum watching 405 and a 405 doesn't hold I'm then watching 400. it's just people are getting smoked today. they're getting absolutely smoked today. Uh, rum and Tesla both up 70 year today.

Love to hear it. love to hear it. Uh, 190. Ah dude.

Oh I actually forgot I have one YOLO SPX short from a couple days ago portfolio portfolio I got in. oh I'm finally up on it. Geez, that took forever I got a little early on the short in here like when it opened. uh somewhere in here I thought it pushed too much so I got a short I believe on Tuesday against SPX I got an SPX put and then it pushed and I was like oh actually I might have even got it on Monday I don't know either Monday or Tuesday I got a short and it wasn't looking good but now I am finally green.

um SPX and this is all on locals but um I got in at like 14.50 How do you actually see this on the web app? Market Yeah, my average cost was 14.42 and right now it's trading at 15.50 Um I should probably get out of this. This is probably my least favorite position that's currently on. Uh, so let's see if I could get what's my password. Okay, it's scanning my face.

Sell order: I'm gonna do the sell order for unless do I just want to. Okay, it expires. Let me think about this. I have it.

the expiration is next Friday So it's not tomorrow's next week. So I have six trading days but I'm pretty far out of the money and it's handing me. but also we're I don't know I'm watching this 407.50 level if we close. but I also have those.

well I have Tesla puts I have exposure through Tesla puts. So do I need to take this risk? Inherently, if the Spy goes down like I don't see Tesla dramatically outperforming like you can see that it's already kind of catching up with reality. Okay, I'll put in an order I'll take the gains while they're there. especially because I'm just not the most happy with this position.

Uh, done. Limit price, time and force Good until cancel 17 dollars. Um okay. Order Submitted Cell 1 SPX Feb 17 390 50 put limit 17 Good till cancel and I'm in at 1442.

So the order's there if it hits I just don't want to get I don't want to get greedy with it but I think I just need to calm things down um I think I'm building up too much of a negative Delta position on this so I need to get out of that but it is below well I think I might be kicking myself but it doesn't even matter because if I kick myself on this one I still have Tesla what I should do on Tesla um is try to sell one at a hundred percent and then the other one's a free ride. So I'm in at 222 so 222 would be 444. so let me try to sell one of these. create closing order sell to so sell one at 450 Easy Peasy Lemon squeezy sell 50 at 450 day Good to cancel.

Um so if I sell half the position at 100 gain I'm just playing with the House's money at that point. so one of these uh Tesla Feb 17 190 put 450 All right, good till cancel send Okay Cool! So I have in the orders that I like for the directional bets, the other ones are just basically I'm just collecting the premium just collecting the premium. Uh, we have Bitcoin cracking. Uh, we talked about this earlier this morning with Bitcoin below 22.3 000.

Seems like it's going to be a very like I think it's just going to get a magnet level down to 21 Right here. 21 roughly right there. That's what I'm looking for. Uh, the fact that it broke the support and then like no buyers really stepped up to protect it I think it's going to be a magnet situation.

Ethereum on the other hand did just bounce off of its support. So watch this support if it doesn't hold I would be watching to for 1500. that would be my next. Target Um, I'm not actively trading Bitcoin or Ethereum at this moment.

I'm invested in the two. but just for those of you who are active Traders Uh, pay attention to this All right. What else do we have? Interesting story trains in Spain Stuck mainly on the plane after tunnels blunder. so they spent 258 million euros on trains that no one thought to check if they would fit in the tunnel and they don't fit in the tunnel.

so they basically just blew 260 million. Well, Euros pounds like, whatever. like it's gonna all be roughly the same. Uh, botched efforts to secure 31 new trains.

So there goes some taxpayer dollars in terms of things that you need to know for the remainder of today and also tomorrow before we get to all of your questions is tomorrow at 10 A.M Half hour after the Market opens we get uh University of Michigan estimations. More importantly, we are going to have an Opex day. Tomorrow is an Opex day. Uh which? a little bit more related to oil but still has a big impact on the market.

And then Harker and Waller are speaking so two Fed members speaking tomorrow 12 30 and 4 P.M ET On top of that, we have more earnings. After the market closes today, we have PayPal Cloud fair and Expedia Uber reported on Wednesday did well. I'm expecting Lyft to do the same just because there are similar business. and then before the Market opens tomorrow, we have Honda uh and that's the major one.

Earnings do continue into next week, but they're less popular ones. so I just want to put out there that okay, like yeah, they are reporting but uh, earnings season is now kind of come into a little bit of a chill point just so everyone knows. um, so just want to put that out there. And then in terms of seasonality, in terms of seasonality, this was the seasonality of today.

Uh uh. seasonal wait, hang on. Where are we? How many trading days I wanted I need to count this up myself now. I'm confusing myself with my own calendar.

Uh, one, two, three, four, five, six seven. So today is the seventh training day and then obviously tomorrow's eight. So remember that today is number seven and I want to show you in real time. So if you want to know trading day seven, you have to run it on the day before.

Uh, let me just make sure that I have this right. Day of the month? No, No, no, no, no. Month and quarter. All right.

Cool. So oh wait, you guys can't see this, can you? Uh, you guys should be able to see this. So what I did was um, um, trading Day in the month six? You have to run it on the day before. Today is obviously trading day number seven and then also, obviously we're dealing with February.

So we're examining how this particular day played out over the past 25 years. and as you can see, it's kind of a weird day. Uh, in terms of win percentage, the Bulls won 48 of the time, the Bears won 52. So pretty much 50 50.

But ever since I don't know. we got going about 10-ish years ago. Uh, more like 15 years ago it was a bear Trend and then it's been a bull Trend But today, it's obviously going to end pretty bad. but obviously we only have 35 minutes left in today, so you're probably more curious about how things are going to play out tomorrow.

So if you want to know the seasonality of the S P 500 tomorrow obviously tomorrow training day of the month eight. So you want to run it on day seven to get the results for the very next day. And then here are the results of how the day did, uh, historically over the past 25 years. So kind of interesting.

Uh, so out of 25 trades, the Bulls won 60 of the time I.E the Bears won 40 of the time. Um, the Bulls were winning and they had a dramatic win a couple years ago. But over the past two years, the Bears have been absolutely dominant. So Bulls winning most of the time.

But recent history tells us bears are winning Actually, let me give this a quick little snippet. Um, I just want to get in here so you guys know. So I could put this on locals just in case you're not watching this in real time. which everyone should be watching it in real time because you don't want to be late to class, you don't want to get a demerit.

Uh, Download Let me just save that over there. But overall, so we have this uh, profit Factor 1.23 So that is technically favoring the Bulls. But my biggest concern is the recent history of this has been pretty bearish dominance. So if I had to argue what the seasonality of Tomorrow is I would say it's neutral leaning bullish.

But then when you kind of put together all the craziness that has been going on today, the fact that we're below 407.50 That's not good I would say this particular Year from a market structure standpoint, right now, the Bears are clearly winning. They are so evidently winning. These are the major levels. I'm watching the fact here.

Let me just get more of this set up just so we know what to watch. Uh, here are the major levels: I'm watching the fact that 407 50 broke in the S P 500. I'm now looking for just above 405 or 405 Exactly. This is the magnet level of where I think we're particularly going next.

if that doesn't hold. Yeah, there might be like a little bit of a hiccup here at 402.50 so intraday you might be watching that. But I'm watching for the real magnet level of 400, but once again, that is a big if. I know we're making fresh look oh my Lord Wow, how bad is this going to get? How much more can we take well for my Tesla puts? It's crushing it.

Uh, the Tesla puts are up 43. so if you took those Tesla puts with me, congratulations, You just paid for like multiple years multiple years of locals. If you want those trades of like when I'm doing it, go get on locals. It's pinned to the top of the chat right now.

I mean literally from I Took a 400 bet and that is now up. 200 locals for the entire year is a hundred dollars. So in that one trade you paid for two years of locals like I intentionally price this to be very, very cheap. Um, and actually here's the call out right here.

So not only do I do the seasonality things, but um, right here. Um, obviously just trying to provide value I mean I can't guarantee anything I just let you know what's going on with my own account. but right here. Um, so an hour ago that's when I doubled down.

So uh, strike 190 cost 222 each, two Tesla puts and as of this moment, they are currently up. Uh, as you can see, 202 dollars right here. So you would have paid fully for two years of locals just from this one trade. Um, there is a free version.

Just so you know, there's a premium version that's ten dollars a month 100 a year. Or if you're like I don't know man I don't know if I like you I don't know if I want this local thing I don't know about that. Is there a way I could test it out they're 100 is you can get a one month trial of locals by using the code. Goonie G-o-n-i-e will give you the premium version for one month for free.

Um, just so you know if you're like okay I want to see if this is like for you? Um, so Try It Out Try It Out Try It Out uh I don't know what more value I could provide Beyond posting winning trades in there before they play out. It's not like this Monday morning quarterbacking type of thing. It's more saying hey, uh, this is clearly gonna crater because everything else is cratering and the dollar is ripping. just crushing it today.

Actually, how much is everything up? The Meta positions up 37 percent, the Spy positions up 52, and the Tesla positions up 60. Easy Peasy Lemon Squeezies Team Easy Peasy Lemon Squeezies right now I have no intraday position on the Futures Market The robot took a couple shorts. uh, but right now is completely flat just because it's not going to go short when it's already this sold off. That's just too much of an over extension.

I Wish it was short all day, but hey, could have Woulda Shoulda can't cry about it. Ended up blocking 642 dollars in there I was speaking with the like the locals Community slash Discord about this and I Think my plan is is as I make these little scalp trades in the Futures Market on an intraday basis. What I'm going to do is take those gains and funnel it over to my premium selling account just to prove to you that with a quote unquote Small account as Twitter and finance would refer to it, you can still make good gains on small accounts. I Think a lot of people have this misconception that you have to be betting huge to make like any decent money if you have a quote Unquote Small account I Really don't believe that at first things will get slow, but focus on the percentage.

If you're always getting good percentage gains, it's just a matter of time before you get big, meaningful money in terms of your return. And in all reality, you should want to start out small because it takes time to kind of get used to your system and your methodology. You don't want to be betting big magnitude money, you want to figure out your system. and as long as you're getting good percentage returns that will compound.

There's a very important reason of why: Warren Buffett Who's commonly considered to be one of the best investors of all time? There's a reason. He says compound interest is the eighth wonder of the world. If you're getting compound interest over and over and over again, you're going to be talking about serious money. Like serious serious serious money Account went from 15K to 16 plus K today.

Good for you MVP good for you? How are? oh AMC is getting slaughtered if AMC can't catch itself at 495, that's not good. Um, Ape looks like it's making a quick run to a Gapville at 261. If it doesn't hold from there, you're going to be watching the next Gap fill level at 1.93 Um Ape was on a very good run, but hopefully it's just a quick little downtrend like this where it popped only a little down trying to four days, then started to go again. this looks like day three.

Uh, so I'd be watching that watch for the capital if it looks weak. We're still then talking about the next Gap bill at a dollar Ninety three. Uh AMC at this point I Don't see how it doesn't touch 4.95. Uh, and if it doesn't hold there, you might be talking about the Gap fill at 408.

do the Spy it's just vomiting. Today the Spy is vomiting. Uh, you think we continue to drop and tomorrow? um I don't want to make a prediction like that because like whenever I see such dramatic moves like this right away, my mind goes to the concept of oh, we should see some sort of mean reversion. So is tomorrow going to be a beautiful Green Day No.

but I do believe that there's going to be some sort of bounce between now and tomorrow. It's just like this is such an overextension that I think mean reversion tracers are going to step in and try to buy. But the fact that the Bulls couldn't hold 407.50 on the Spy is not a good situation. But who knows because we have fed members speaking to me tomorrow.

we also have Opex and then we have CPI on Tuesday of next week. So it's a crazy time I know someone was in here saying how great Tesla looked and I was saying if this doesn't hold, we're talking about 205 206 today and look at where we're at 205 206. this is like I don't want anyone to think that this is like somehow super complicated math and you can't do it folks if you know how to draw just lines and be like that's a low, that's a high. It broke the low that's weak.

You risked the recent high and you see if it's going to run down and it keeps selling like I I Think a lot of people whenever they talk about stocks and finance, they want to over complicate it when talking about it with all of you. They love it because it makes them feel better, like it makes people feel like super smart if they're calling things out and they try to obfuscate all of it and like seemingly some facade of hyper intellect that it's not so much of. This is just the same skill set you learned when you were like finger painting at the age of whatever three you're like. Can you draw lines? Can you just draw from low to high? Can you connect the points? That's a lot of technicals right here.

as long as you have the capability to see that this is clearly a low at 209 and it's bad if we break that, it's pretty much that like it's not. People love to like, act like they're so smart and so great at this. Like the biggest secret of Wall Street is the fact that if the easy basic things get out there, people are worried that you too could do it and you don't have to pay these. Financial Advice: Well, that's a lie because a lot of financial advisors, that's more of like investment.

They're not really actively training, so scratch that part of it. But in terms of like active day Traders and swing Traders Those people, they're probably more so worried that if the big bad Secrets get out of breakdowns and breakouts and basic understanding of tape reading and Order flow will. all of a sudden, their discords aren't going to be worth a gazillion dollars a month anymore. Uh, if the cues break.

all right, let's do a breakdown on the cues. Uh, if the well, no I would argue the cues are already screwed because it broke 302.25 This recent low. Um, at this point, Yes, 300 is a key psychological level, which means it's going to end up being a key technical level. So 300 you always have to watch these nice round values such as 300.

If that doesn't hold I think we're probably saying hello to like 295 I would say would be what I would watch next. If the cues don't hold here, the Spy is already breaking down I think the Spy is going to come to 405 which will probably mean that the cues are going to end up flirting around with the break of 300. Uh, if the spy keeps going below 405, if the cues keep going below 300, I'd be looking for the cues to go to 295 and I'd be looking for the Spy to go to 402.50 But I'm really watching that key psychological level of 400. this is just a vomit into clothes.

An absolute vomit into clothes. Kind of crazy to see in real time. Um, I Know it's a bit of a bummer that like people with long-term accounts and whatnot are getting screwed right now because like they're not actively trying to handle this, they're not actively trying to trade off of it. But I hope if you're in here, you understand that there's many ways to protect yourself many, many ways to protect yourself.

Um, so that's exactly how I'm actually net positive on the days because I was like okay, I'll sell call Premium I'll buy puts all actively trained to the downside of the Futures market. Like overall like I don't like this concept of like coming off gleeful of when the like people are losing money in this classic concept of like I told you so It's more of like let's use this as a trading opportunity and understand that if you are worried that things might go down, you can easily protect yourself in the market. especially when we're breaking down of key levels. But the 407 50 I mean the fact that that was given up in the Spy the fact that Tesla gave up 209 Uh, Tesla has another four dollars.

How much is the Tesla position up right now? Uh, the Tesla position is currently up 50. I Have an order to sell one of my two at a hundred percent just because if it hits then I could just let it ride. Uh, but we'll see how today goes. I don't I'm not feeling particularly aggressive because I don't want to burn a day trade on it.

the account like I intentionally funded it with less money than uh, the pattern day trading rule just to show that like okay, sometimes you have to like swing things and get a hold of it, but it is a pain in the ass. There's a good chance that if I didn't have to worry about pattern day trading, I would take all the money on that Tesla position right now. But sometimes like I hate I hate it and I get it I'm right there with you if you're battling with pattern day trading. Uh, if you're battling with PDT I feel for you man I I Absolutely fear for you I think it's the dumbest rule, but it's just the game.

Do you have a video on how to sell premium? Uh yeah. but like I mean I can't make one for every single brokerage just because I don't have access to every single brokerage, but you just sell the call like the way you would go in and buy a call. It's not overly complicated. Uh, for example, you if you're like hey, I don't think the Spy is going to be above 420 the way you would buy the call, you'd go in and you whatever your brokerage says, you just switch buy to sell, you just sell that premium.

Now Most likely your brokerage won't allow you to do that by itself unless you have a hundred shares of spy per contract that you're selling to trying to sell. So what you would want to do in that scenario is do what's referred to as a call Credit spread and you would end up selling the one you want to sell. If you think spy will be below 420, you would sell it and then you would have to turn this into a vertical also known as a credit spread in this scenario opposed to just selling it. Because unless you're approved for naked call selling which are probably not, you probably shouldn't do that anyway.

Unless you already own a bunch of spy, you're going to have to somehow synthetically represent a situation like really synthetically represents buy which is very different than the synthetic shares that the ape Community talks about. But anyway way you would sell one lower and then on the exact same expiration date you would buy one at a higher cost. So you would create this position together. You it's referred to as a vertical so simultaneously like there's going to be options to create a vertical.

Uh, it even might be called a call spread. But whatever it is, you sell the lower number and you buy the higher number for a call. And then if you're doing it for a put like let's just say it's 390 spread by 385, you would sell the higher number you always. When you're talking about credit spreads, you always sell the one that is closer to the current price and you buy the one that is farther away.

Um, so this call Credit spread. It's also referred to as a poor man's covered call. a synthetic covered call like I Don't know there's various names that it has, but that's pretty much it. You would sell the at the price that you don't think it's going to be above by whatever date and then on the exact same expiration date you buy a farther out call and you would create this simultaneously.

You wouldn't do it piecewise, you wouldn't be like Oh I'm going to make this one and put that in there and then make the other. You do it simultaneously. Uh, do you need to be able above level two options to do a spread? It depends on your brokerage I mean different brokerages Define it differently. Um, so I don't know what the levels are on your brokerage.

It's not like all brokerages Define it as the same levels I just for me. Generically, whenever I'm applying at any brokerage, I just apply for the highest level and just kind of go from there. Uh, any idea why the fall? I Think a better question is why didn't it fall earlier I Think a lot of people are surprised by this one fall but like why I mean the market from Thursday the 22nd the low to the high ran 11.62 percent. Is it a better question of why didn't we take like a breather before then or some sort of reality check? The market absolutely ripped.

So I I don't know I think the bull Camp commonly starts to think of like every single day should be green and it should rip. and it should rip. If anything, this move is statistically abnormal and I think reality is catching up with it like this was such a rip and I think it's okay. This is the realistic price action that we'd be expecting after such a rip.

just like a return to normality. I think a lot a lot of people of all that mindset that they're like, oh, we, we should be ripping, we should like, but why should we be ripping like I Think of anything, the market got ahead of itself because we still have inflation. It was just reported today that we have officially exceeded the amount of missed car payments like late car payments just yesterday or early this morning as we did in 2009. Um, the unemployment yes is low.

Um, yes, the job market is pretty tight. but I think overall a lot of people are seeing massive bills like just on a a personal level of just their electricity this that the other thing and thinking like how do I pay for that Joel I just joined your locals Thank you folks! If you want to join locals, it's pinned to the top of chat and you don't have to pay anything. Just click on monthly and put in the code goonie and you could see if it's appropriate for you. Another advantage of being in there is just that's when we do giveaways I pick the people off of locals.

It's kind of like a way that I say thank you So for any of the giveaways, uh, you're going to want to be there anyway. Uh, but shout out Joel Shout Out Mr Vector Shout out to anyone who joined exactly why didn't it fall earlier? Yeah, I Think it's because the market itself got ahead of it like I think the market is I think they called a bluff on the FED that isn't actually a bluff I think the market as a collective got too bullish. they thought that the Federal Reserve was full of and they weren't going to be that hawkish. and I think the FED had said hey buddy, we're not actually bluffing like we flipped the no, we flopped the nuts here.

Um, and we're still like inflation is bad. like the level of inflation that we're at. And granted, we are trending in the right direction. but if you took a snapshot of the economy right now, it is not fair to say that the economy is as good as the market recently ripped.

and I Get it. The market and the economy aren't the exact same thing. There are very important nuanced differences, but the market got ahead of itself. And for all these people who kept telling you like we ripped for an entire month when the economic situation was bad and then people had the either the balls or just the stupidity to go on Twitter and tell you that oh no, we're gonna rip even more.

It's like holy the whole Market in the span of a month and a half Ripped. 11.6 over 10 percent. When we still have inflation and like they're they're just I guess willing to play chicken with the FED Except the FED doesn't play chicken. They're pretty.

They're pretty serious organization that is gonna crush the market when like the things are getting ahead of themselves. Markets are forward-looking Well, of course they are. and right now they were. That's the whole issue with this is they were forward-looking That's the whole problem.

You literally just explained the problem. Therefore, we're looking. They thought in the future the Fed's gonna calm down very quickly, we might even get rate cuts. And they just thought that the FED in the future was about to switch dovish and I don't think the FED is I Think we have at least one but probably two rate hikes ahead of us? Oh, do I want to do this final trade? A little bit of a trade? at the end of the day? All right? Uh I took the robot fired long I was a little late to manually place the entry.

so I'm going to go for less of a gain, but we'll see order fill. Hell yeah. just made 50 bucks. You guys heard it here and I'll show you the trade as well.

just so no one. I don't want anyone here saying I didn't show you what I did. Uh, but hang on uh. time frame I Want to show you on the minute chart? Uh, just made a quick 50.

wow, it actually happened so quickly that you can't see it. But right here, here's the trade. Uh, right there. 50 bucks it wrote at one point.

Uh, so now I'm up 690 on the day, but it all happened at 5 46. you probably heard the order filled. Uh, but that's it. I'm not gonna chase I was a little late I should have been earlier and that's why instead of going for three points, I went for one point just because I was late to manually firing the trade.

um I looked over at my screen a little too late to tell me, but basically uh, as soon as it went green here I was like, okay, maybe we'll get a little bit of a pop I should have been in it earlier, which means I could have made more money, but I was late to it. But anywho, oh what a day. What a freaking day. What a day.

Look at us, look at us. Who would have thought? who would have thought? Wall Street Wall Street Wall Street Wall Street Now I started laughing, got their eyes on me Wall Street Hell yeah brother, Hell yeah brother. Rumble is eating YouTube's lunch. uh I 100 agree.

it's gonna take some time. but I think this is a transformative year for rumble where they really get their Tech to the next level, where they expand their brand name and more and more people are talking about it yada yada and then I think all of the pieces are going to be in place for its percentage-wise it's already growing like a mother. Uh, but I think 2024 is going to be the year that Rumble just the percentage growth I think is going to be absurd. Um, I'm even hesitant to predict like how much I expect their monthly active users to be.

The most recent reading I believe was just over 70 million, maybe 75 something in that realm. But when we get into a political year 2024, if all of those places, if all the pieces are in place from a technical perspective and just it's brand recognition which the technical part is getting better and every single day. Uh I mean even now they just added some new things to live streaming that I could see on my end. but it's cool stuff.

and I think with the election cycle It's Gonna Get Huge. It's going to get Huge. It's going to get Huge. Uh, it's only up 24 cents today.

Do you realize how important it is to be up 24 cents when everything else is vomiting? It's also a 2.4 so you should probably look at the percentage and not this because that's what matters. Your percentage gain is what matters, not the plus or minus on the stock. That's a little silly way to do uh, like a price breakdown, but to gain. when the market is down point nine percent.

the cues are down one percent. In the small cap sector, Rum is in the realm of small cap sector and the small cap sector is down 1.5 and then rum is up 2.4 That's strength. That is relative strength. That's exactly what you want to see.

And to be clear: Am I biased about Rum, of course. I Am I'm on their platform I'm a partner with rum I'm invested in rum stock like I Don't want you to think I'm an unbiased Party by any means I'm investing in rum I'm literally streaming to Rum as we speak I Am a Rum partner like hell yeah? I Want them to crush it, but it is crushing it. The views are crushing it over there, the ecosystem is crushing it and my investment is crushing it. So like across the board, just green, green like I'm loving it.

Uh, should say the same when talking about other stocks. What are you talking about? I'm drinking rum right now. 350 reversal. You know what's the craziest thing to watch at three? Oh wait.

I don't want to miss it right? Here is the The High Frequency traders that fire off exactly at three. Where's the volume, volume, volume volume. Check this out. Watch What Happens right at 350.

watch your chart. This is where a lot of the big players fire their trades right here. 10 minutes left to go in the day. Exactly watch this.

It's a weird thing. I noticed when I used to work at a bank and I was still day trading and I'm surprised I didn't get fired. but I always noticed that things went haywire at three right there. How nuts is that? I wouldn't call it a reversal because I I mean look at did anyone you guys thought I was crazy? You're like all right man.

All right, let's see if something really happens at 350 Dude. every single Clockwork Um, now is the fair question is is there a way to trade it? So I've examined this a lot and unfortunately I can't find a tradable pattern. It seems to be more random like I've looked at I'm like okay, if it's a green day, should I go green if it's a green day should I go red if it's right like should I do this if it's a percentage move like I've tried to examine this so much and I can't find a consistent pattern to try to trade that one minute volatility. it's It's basically as at least the way the analysis I've done on it.

It's as good as flipping a coin. Um I cannot find a consistent tradable pattern and I've done more analysis on it than I want to admit. Um, so at 350 yeah, you could talk about imbalances. A lot of the theories.

That's where big players are repositioning from the current day, going into the next day just with 10 minutes left. like yeah, we we can drone on about the theory of what it is, what it isn't Of course we could do that. Uh, but more So the question for you really should be like can you make money off of it and I just want to let you know there might be a tradable pattern in there to be able to predict which way it's going to go, which way it isn't going to go I haven't been able to find it and I've done a lot a lot of research into it because it always blew my mind of how crazy it is. Um, but hey, if one of you guys can come up with a tradable pattern, let me know.

Isn't that the imbalances? Uh, not totally, not totally. Uh. Matt There's another algo that fires at 355. yeah, sometimes that one's not as consistent.

I Mean that's another thing that I've tried to show you guys, but a lot of them. Uh, man, that if I held that, that would have made even more money. But hey, I'm stoked with the 50 free 50 bucks. Uh, there's always a huge volume Spike at 8 am.

Well, a lot of markets open at eight, but on a relative basis that's not huge volume. Like if you look at the volume at eight, it's gonna be like look at this that I wouldn't call that I mean you're right here. you're talking about eight. You can barely see it on the screen while you can clearly see the volume.

any pre and post Market volume is way way different than the intraday volume. Uh, on a lot of the times, the biggest volume bar in pre and post Market isn't even close to the smallest volume bar in the intraday trading pre and post market trading I would argue is bad for multiple reasons. like you should just avoid it. First of all, it's low volume movement.

Very, very low volume movement. Um, on a relative basis to pre and post-market training. you might have big and little bars, but relative to intraday trading, they're negligible. So any movements to the upside and the downside, they're just not high conviction moves because the volume is so incredibly low.

On top of that, More from the market structural standpoint, you are not protected by the Nbbo, the National, or the yeah National best bid and offer. You are not protected by the Mbbo. So if you're trading and if you think that uh, there just isn't like enough protection from the SEC and dark pools and all this and like you're getting taken advantage of, it's even worse in Pre in post-market trading. So if you're of the mindset that you're getting screwed over in the normal Market day, you are protected even less.

Outside of that, we will close. Positive, No, we won't. We have seven minutes to Rally Two dollars and fifty cents after a major breakdown. Is it possible? Is it theoretically possible? Of course it is.

but the odds of that I mean are just. it's just not going to happen. It's just not like you would have to have serious serious money stepping uh, side bet anyone. Hey, if you guys want to step aside that have at it I don't think I'm allowed to be involved in it.

Uh, right now my gas Big Fish Hunting for some stops? Well kind of interesting how we overshot 407.50 a lot. I mean we got as low as 405.80 and then pop back above it. So like I said I think if we close above 407.50 the bulls actually have a fighting chance. I mean I Tweeted this out a couple hours ago.

that was my level in the sand and yeah, we broke above it. but we didn't trade that or excuse me, we broke below it. but we didn't trade that much volume below it and now it looks like we're gonna. well, we'll see how the next five minutes plays out, but it looks like we might be closing above it.

So my Line in the Sand is right here. 407.50 if we close below that I think the Bulls oh that there's that 455 movement Jesus AMC Popped a little there 5 15 to 540 but just slaughtered on the day Gme slotted on the day ape slotted on the day. Bitcoin Down Four percent East down four percent oil down one percent Uh, you have Amazon I mean Meta's down three. Dude, we're getting the market.

How's Bed Bath doing? I don't even have that one on my watch list. it's so shitty. Bed Bath got? well. No.

Also down well down 1.5 Bed Bath is outperforming AMC And Gme at least thus far, is this the start of the depression? I Don't think we're going to a depression I've been trying out cash app with customer order fails and whatever users really good about getting new custom order prices or even lower on the price you set. I Don't really know much about cash cash app so I can't fairly comment on it. I've never used it to trade so like it's not really my place to say if it's good or bad. Same thing with uh, what's that other one that everyone's trying to partner up with right now MooMoo I've I've never used it so I can't fairly comment on it I Know some of you in here said you get awful fills I don't think they engage in payment for order flow but like it's another one that I can't fairly like.

Give you an opinion because I've just I've never used it. Uh, would you teach us about call spreads Etc sure I mean if you guys want I mean I I guess I Try to teach quite a bit in here, but it seems like depending on when people come into the stream they might miss a lot of it. so maybe that's a better thing set up for in locals where we could film it but then also we could just pin it and like I could make a thread of educational things so maybe we'll do that. like.

But for example, the call Credit spreads Rob I think you might have just come in late, but like I already did like a little five ten minute Spiel on it. Um, and I I think that's like kind of the awkward nature with streaming is some people come in and they don't realize that something like already happened. so then it's like okay, do I cut it? do I just make individual videos. Do I somehow just pin it somewhere.

um in locals I I need to figure that out. But yeah, more like I think call Credit spreads I Actually think credit spreads is the best way to really get going with options. Um, probably the best thing to really get going with it is uh, cover calls and then after there I Think people should learn just inherently about what calls are what puts are. But the first trading methodology I would say is covered calls and then from there you should be talking about credit spreads.

Uh really, you should start with put credit spreads, then you should go to put end call Credit spreads. and then from there you could get into the some of the funky things like strangles straddles diagonals. but in reality, buying calls and buying puts. it's really, really fun.

But the best repeatable money that's really to be made in the world of options is by selling premium uh, make them into shorts. Yeah, the issue with that is you can't really fully explain that type of stuff. It's a little too complicated to get it into a video that's sub one minute wheel strategy I Mean we've done that too in here. Matt Why the do you not think this world is not going into a recession? Well you? when did I say that? I said I I've never said that? Why do people do that? Matt Why the do you think the world is not going into recession? When did I ever say that? ever? Who said that? Pholic? Whatever the hell your name F L Folic fl1 F1 File I don't know what your name is but like people, just think I say like random things or do random things like the amount I've heard random things I've heard like that are like are you sad to sell Apex when the did I said that I said thick.

Well, that's fine. My point is more of the commentary I Don't think we're going into a depression, but understand a depression and recession are two wildly different things. Link to a full video from the short: Aaron This is why I pay you the big bucks. That's a great idea.

Uh, by Leap, buy Leap, sell covered calls against it. So that's a calendar spread like that's a good technique that once again, I think people should learn about um, but buy leaps. So basically what you're saying is a call Credit spread. but the one that you are synthetically long on will just leave that like way down the line and just keep selling calls against it.

That's another very viable strategy. All right. Looks like we might be closing below. I'm sorry I feel like I just heard a lot of your ears, but if it makes you feel any better I hurt my ears as well.

Um, so we're all in the same blown eardrum category I Just want everyone to know that like yes, it hurt my ears my I apologize for hurting your ears, but we're in the same death boat together is my point. Uh, overall not a good day for the Spy We did close below 407.50 We closed at 40709. Not so good. Not so good.

I'm holding my positions I have my SPX put I have my two Tesla puts and I have a whole host of call Premium that I sold against the Spy against Tesla and against metal. Once again, all that information is Pin. It's all in Locals. If you want to know my positions, where they're at my entries I Try to be as transparent as I possibly can.

it's all on Localsmackwords.locals.com It's literally pinned to the top of Chat right now. it's in the description of the video. There's a free version which you should be on that at an absolute minimum because I just like fire off important emails of like hey, the fed's talking today, be careful. Um, and then if you want to try out the premium version for free, put in the code Goonies But just so you know, it's only ten dollars a month.

The one Tesla trade I gave out to you today would have paid for two entire years of it I Intentionally priced it at a very, very cheap price. Um, so hang on, let me switch this over here. What do I think is going on tomorrow? So tomorrow we get the University of Michigan inflation predictions that comes out at 10 A.M We have two Fed members speaking tomorrow. Most importantly, Friday is an Opex day.

Next week We have the incredibly important CPI day on Tuesday. Um, so basically an hour before the Market opens, we're going to get the inflation report and the Market's going to go Absolutely. Haywire We also have earnings. Uh, tomorrow morning before the Market opens, we have Honda after the market.

Right now, you could probably look at what is it. PayPal and Lyft are the two major ones coming out after the market closes today. Uh, so a lot going on. Uh There's Big volatility in the market I Hope you made a ton of money if you were positioned like if you weren't afraid to be a bear.

Today it was kind of an easy day because all we did was continuously sell, sell, sell. There wasn't much with going on at all today, so there are crappy days kind of like yesterday where we sold and then it somehow ripped. Then it's easy to get whipsawed. But today was just like nice consistent selling.

So especially for people who sold premium Easy Peasy Lemon squeezies I Hope you made some money, but if you didn't fear not, the market will be open tomorrow. Review your trades, review the charts. This is the time where you want to like. Go back and ask yourself, okay, like what happened, why did you enter? Why did you exit what went down? Be as reasonably critical of yourself as you possibly can.

That is one of the best things you could do. Give yourself a little bit of a break. Don't sit in front of the charts right now. Go whatever.

Go to the gym, go eat dinner, come back. just take a little bit of a breather and review. Yeah, even if you had winning trades today, if you were net positive, you should still be reviewing everything that went down. But once again, the Market's always going to be open another day.

the Market's not going anywhere. If in fact, I think the volatility is going to pick up tomorrow because of OPEC and then we have all craziness next week. So it's going to be here. The craziness is going to be here.

You don't have to rush anything I Just want everyone to know that it's always going to be here. And the major thing you could do is whenever you're putting on any trade, just stick to your plan. which should really mean well-defined risk if you are holding positions. Well, if you don't have risk, that's bad.

If you're like no I just get into positions and I hope for the best. Yeah, it's fun once in a while, but eventually you're going to get blown up and then if you do have risk, the next common problem you might have is holding back past your risk tolerance, which is something you shouldn't be doing. Do your best to stick to your plan. If you stick to your plan, that's a good trade.

A good trade isn't making money, a bad train isn't losing money. A good trade just means you stuck fully to your trading plan. I Cannot drive that home enough. That is a key key thing that everyone needs to understand.

Excuse me on your way out. It would be awesome if you could help me out by hitting that like button. But most importantly, hit the Subscribe button And also check out the locals Community Macquares.locals.com pinned to the top of chat in the description of the video. That's what I have for you today.

we will be posting additional content. This is just the final stream of the day. We're going to be posting some content later on this evening and then I'll be streaming tomorrow morning to celebrate Friday with all of you at 9 00 a.m sharp. So I hope to see you there, have a Bea youthful evening peace out.