Foreign. He makes the world the world round. I'm the talk around town Remy Gave me the sound back pockets I Need the Skrilla on the river. Money makes the world go round I'ma talk around town Remy Gave me the Slime the root of all.

Leave alone. Agree with that. It's hard to do when you riding around with 10 racks golden arches. St Louis I'm the Big Mac St Petersburg Russia You can find it on the map.

oh I'm so cold I could spit the snow. that's why they call me nitro with the nicest flow on the real man I Hate it when they call me bro. It's getting on my nerves like these bills and these haters yo. chill a grown man with a loaf of bread I Keep a stack of Benjies right under my bed.

Check it. My shoe box is the stash spot I Used to keep my scratch at my dad's house I got a deadline so I need the cake I Need a plan so my duck is gonna try to escape? Yeah I'm always looking for the currency. a large amount. call it a pretty penny.

Money makes money. Money makes the world go round I'm gonna talk around town Remy Gave me the sign brother good morning, good morning, good morning it is Monday April 17th and you're here for the mack Horse Show I'm Matt your course and together we are the show. What are we going to be doing in this show? Yeah, if you talk to your grandparents about it, they're gonna be like that's the guy who talks about the Old stonk Market the old crypto Market and like it's kind of true. but I feel like I feel like it's much more than that I Feel like we end up like it's just a life show.

This is a show about life. That's what this is this is I Feel like everyone's already here and you guys are jacked up for beautiful money. Look at the Vibes already going and chat. Happy birthday! Hey good morning, good morning, good morning folks I Hope you had a good weekend.

Honestly I'm digging The Vibes right now I'm seeing what's going on in chat here and you guys are already. You're acting like you got to eat dinner like Saturday and Sunday night at Texas Roadhouse and I Love it! You guys are good vibes. This morning it's gonna be a good show you. you could already feel it.

It's in the air if you will. So today, nothing too special in the terms of macro economic events, but we still have to talk about earnings. We're still in the craziness of it all. the chaos of earnings season.

so lots of earnings Yellen was speaking yesterday the little Gremlin character the Treasury Secretary. Uh, so we're gonna do a little bit of a recap of what she's up to today just because it's fun. There's a Starship SpaceX launch going down in around 9 10, so we have about 40 minutes so it's gonna be fun. I Also want to get into maybe the heart of why some of you are still here and I think that is just pure degeneracy and I mean I think some of our most fun times were when I used to ask you what's it going to be today green or red and I would go for a thousand dollars out of the gate based on your basically your vote.

A bunch of people who are my digital financial advisors. So let's think in more about that and we've already kind of done it on the Futures market. We've done that. Been there, done that.

We crushed that form of content, just grinded it, grinded it grinded it. We were already there. So now we got to come up with something better. So really I want to turn it over to all of you in the sense of what's like the most degenerate SPX like what's the most degenerate zero DTE strategy we can come up with I Want to take a random zero DTE strategy and see if we can somehow make it profitable? So that's the start.

You guys are essentially my, um, the way we have chat GPT like I'm gonna call you guys chat Gbt except I don't mean like open AI I mean you guys, you are chat. You are my chat Gbt You are my AI system. Sometimes your accuracy is a little bit questionable, but your humor is always like top top level. So as my chat gbt if I were to ask you folks what is a profitable, degenerate zero DTE strategy what would it be and if you're like hey, I love this for the Spy I love this recipe X I love this for gold for silver for Tesla what is it I Need something that we could do every single morning and it needs to have a well-defined entry criteria, well-defined exit criteria, something that we can actually like backtest and build and optimize.

not just like a little like oh I like this stock, that's not it like that's we're looking for like every single day, something degenerate that we can pull off I Was listening to this one guy this morning who allegedly was selling premium on zero DTE stuff and turned like 20K into like 275 280 something like that in a year. so he 10x his money in a year. but I apparently just like taking 50 50 shots and I was like dude, he must be the best quarter Flipper on this side of the Mississippi So then of course I got jealous and then I'm not smart enough to come up with my own strategy which is why I'm asking you guys I'm asking my my Chachi PT here to be like all right like what is the system So you guys have a little under an hour, you have about 55 minutes to confer with each other and figure out where where I'm putting my money into it. Matt's jelly.

Oh, for sure. I Want to 10x my money folks? You know how much money I've lost just generically gambling in this world. Whether it's the market or Sports I bet on the Bucks and on the Suns last night, you would think if they're well. first of all, the odds were better than 50 50.

but even if they were 50 50, the odds of me blowing that up are 25. How is that pot? I Bet on the two favored teams money line and lost both of them. What are the Bucks doing? What are the Suns doing? This is stupid. Um, so we need to do something.

I Tried zero DTE on Friday got my face ripped off. Shake my head. hey, there's only one thing to do. When you get your face ripped off, you have to do something to, um, get it stitched back on.

Uh, swing trade penny stocks? Yeah, but that's not zero. DT I Feel like a lot of people are missing the concept of zero deep folks? I Want action that day? I Don't want to be worried about what's going on overnight. We're not talking about swinging. we're talking about zero.

DT It's one thing if we roll it. I Guess maybe that could be part of the strategy. but I Want a zero DTE strategy I'm talking about like ultimate, ultimate, ultimate degeneracy. Something that we do right at open trading when we shouldn't.

uh Gianna's got hurt yeah I Saw that he like destroyed his back. He went up in the air very very high and then came down kind of just flat to the ground and smacked out I saw it looked painful. that was actually another guy in that game like broke his hand. It was like kind of an aggressive like a lot of injuries in that game.

Not the best way to start it all out but I guess it is what it is I saw it but still they were favored. My point is is like I bet on the two favorite things and still got absolutely screwed. but I guess that is just the way of life. sometimes it is.

uh do not call him Giannis how do you pronounce it properly I'm sorry. like I don't think he's watching I don't mean to like personally offend him. How is here? Let's look up the pronunciation because Chad's gonna pop off and get pissed. uh Giannis uh pronunciation Giannis Giannis how do you pronounce his whole name? uh uh I want the whole name here we go.

Name pronunciation be honest. So it's there to compo but in a Greek way you say with the NC like answer to compo. So I changed myself like I Don't think there is a way you gotta say the last name. uh whatever you whatever you got, just say you know it's yeah, that's too many.

There's too many things going on in that word I don't know. like I don't know if my mouth moves that fast did you hear how he just said that I don't speak Greek the Nigerian way you gotta say with the D So it's way you say with the NC like answer to myself: I think there's a way you gotta say the last name. uh, whatever you, whatever you got, just say. you know it's too fast.

There's too many things coming out once. I'm not sure if that's actually, uh, possible. it's just crazy crazy. So hey, if any of you in here can successfully say that name, congratulations to you! You are a far, far better person than I am.

Massive Massive congrats I Just don't know if my mouth is capable of making those sounds, especially so rapidly in succession of each other, but hey, here we are I Hope he's fine, but he took a pretty bad fall on his back. it looked pretty painful. Uh, anywho, folks, if you're joining in right now, shout out to you! uh I hope you had a great weekend I Hope you're ready for another fun full week in the largest casino in the world and also just the generic degeneracy that goes down in here. I'm sure we'll be getting into some good debates I'm sure we'll be playing whatever random games we'll be watching weird videos, we'll do weird reacts.

we'll probably all rag on some hardcore sycophant in chat here. It'll be a fun time. so I Hope you buckle up. Don't forget to like hit the like button if you're watching right now.

It helps very much on the rumble leaderboard. It helps a lot with the YouTube algorithm. If you're watching this, destroy the like button and don't forget to subscribe. We are on the way to 69 420 subscribers on Rumble And it's just a goal that every content creator wants.

Hey, uh, we are in that we're about to hit the goal. We're in that final lap. I Think we have a little under 2 000 to go, so let's do it. Let's do it.

Let's do it. Let's do it. If you're watching this and you're not yet subscribed on Rumble, that's the place you need to be. We're gonna have some fun fun times when we get that Big party plan.

Big big party plan everyone's invited to Texas Should we do that? I I'm kind of saying it as like at first when I was saying as a joke, but should we actually do a Texas Roadhouse Meetup in Celebration Like at first it sounds like a little crazy and dangerous, but then on the other side of it I'm sure there. I Don't know if there's any in Manhattan but there has to be some in New Jersey there has to be some in New Jersey Dude, why are you even asking? All right? I'm sure I'll look this up in a little bit, but I bet there's one somewhere right across the border. So this is I guess roughly an invite for everyone in the Northeast Roughly a Northeast invite party. Anyone who can make it? we'll just do a good old.

Texas Roadhouse I Want cinnamon butter rolls in my mouth? Don't we all? I Live in? Idaho Eric If you start driving now, you should make it I I Know you probably worried about the upcoming winter, but I think the road should I Think you should be there and back before the weather turns any fed stuff today? No, not really. Not really. Not really. But in two weeks, three weeks, How many weeks, Uh, one, two, two and a half weeks, we have the next Fomc meeting.

As you're about to see the market event scheduled for today, it's a little bit weak. There's nothing too crazy. It's not like we're getting unemployment or an inflation report or anything like that, but we are still in earnings season this week we're going to get Netflix We're gonna get Tesla We're gonna get some other Banks such as Bank of America So I would argue that this week is a little bit more earning Centric Rather than Market events. In terms of data and reports and things of that nature, we'll be going over all of it.

We're also going to be going over the seasonality of today, which hey, maybe that's it now. I'm thinking a little bit loud here. but I wonder if we use seasonality for our Zodte strategy? Like if we just always go in line with seasonality and then maybe sell that premium, go at the money and sell it and just go for 10 percent. It's so crazy it might just work.

it's so crazy. Maybe it might just work I don't know. you guys are apparently still thinking about it I'm not seeing any hardcore strategies yet, but um, it's time that you guys start spitting them out because we only have about 45 minutes until the Market opens, so it would be greatly appreciated. If you guys can like, start researching it and whatnot.

I would very much appreciate them. SPX Semiconductor Leverage I mean uh, saxel I mean SPX itself is already like in terms of Leverage I'm not too worried about that, We're already talking about an industry in the options. Market Leverage is not my concern here. Uh, it's already very very much leverage.

I'm I'm asking about what is the actual straight up strategy. That's what we're going for. Like are we is the goal to go with seasonality And then if you're in line with seasonality, sell it at the money. Should we be a couple moves out of the money? How far should the spread be? Which of the profit Target Be We need to develop a little bit, a little bit more, a little bit more Did this start about 45 minutes ago? No, this started about 15 minutes ago.

We got rocking at 8 30 today and the reason we got rocking early today which I'm sorry I didn't really alert any of you to it as of last week because I didn't realize that there was a giant spaceship being launched just after the 9 A.M hour. So I wanted to do all the market prep because I feel like right before the Market opens we're all going to be a little bit more like amazed of what's going on with this the Starship like the SpaceX Starship launch. Um, so that's why we're starting a little bit early today. Speaking with that, I Guess it is kind of time for us to hop into the Old stonk.

Market The old stock market folks hit the like button. Don't forget to subscribe and also show a little bit of love to Street people. If you're not on street beat, you're a straight up crazy person. One of the coolest brokerages I've really ever been able to work with because of their integration with.

AI If you've been watching me for any amount of time, you know I'm partnered up with Sharepe. You know that. I Love their chat apt. Uh, strategy automation.

Like you just talk into it, you just type it in and within a couple minutes it gives you an entire portfolio based on what you want it to be. I think it's the coolest thing? Check it out. It is free to download. Uh, then they have all these different options of the things that you can sign up for.

and then also obviously they're trying to entice people to get into Street Beat. So if you use the code Matt M-a-t-t when you sign up, it's on the very first page. Depending on the size of your first deposit, you'll get anywhere from five all the way up to five thousand dollars. Obviously they're just giving away money to try to get people in and I 100 believe it is worth it because of the cool things you could do with AI That literally no other brokerage even has that capability of right now.

I Think it's so cool it's pinned to the top of chat it's in the description of the video or just download Streepy. You don't have to use a link, download it to your iPhone, download it to your Android and when you're signing up the very first page, there's going to be a referral thing. Just put in the code Matt mat and that's how you will get the bonus. So with that being said, let's take a little look you see at the market you can see.

Ever since mid-march we're looking pretty good. The old S P 500, which is commonly thought to be a barometer for the entire stock market is up eight percent in one month. We basically did a double check triple check depending on how you want to Define It Of this year-long downtrend, we came down reevaluated, put it in a higher low, and it's been rippity skippity doo-dah ever since now. Would I personally be chasing it now? Would I just be doing some sort of larger swing play to the bull side? No, Because you're a little late to the party in this particular time frame.

If anything, you'd want to wait for a bit of a pullback, and if you're still feeling bullish at that point, that's what you would want to do to optimize your risk To reward, you don't want to be the person chasing. And I'm just talking about this in terms of active. Traders If you're like, well hang on I'm an investor and I buy at the start of every month, well have at it. That's a completely different strategy and there's so many different ways to make money in the market.

But I'm just talking to these short-term swing. Traders When you're in it for a couple days, couple weeks, would I be going bullish right now? No, you missed your chance like all it's been doing is up up and inherently the longer a bull Trend goes, we are closer to the end of said bull. Trend So you don't want to be the person like top ticking it at like we'll just use this as an example at 4 15. remember, there's still some serious concerns in the market.

Even though people are talking about the banking crisis less, it was still a legitimate banking crisis and we're not done with it. Even though inflation's coming down, the magnitude of inflation is still pretty bad. If you look at what's going on in the world of credit, not so good. There's various things that tell us this isn't the time where everyone is just full of hopium and bullish copium and everything.

Rip City And this is the time where we get more bubbles. No, there's still some very serious negative things going on in the market. so if anything I would argue, especially for the swing Traders The day Traders out there if you're an investor Whatever by your quality things that you love and just continue to dollar cost average. But for day Traders and swing Traders I would argue that we're in a moment where you just kind of have to take it day by day, week by week and interpret the news that's coming into us right now.

We have a bunch of earnings that you should be paying attention to, especially the mega cap companies and I'll be giving you the list of the ones coming out this week. But on top of it, pay attention to the market events of what's going on with the Fomc. What is the Treasury Secretary saying? what is yet? Uh, pal saying. obviously the first one's yelling, um, what is Biden saying what's going on with Russia Just you have to almost kind of be plugged in so you can follow on a day-to-day and week to week basis.

But as of now, the Market's been strong first half of April and the second half of March Very, very strong. Thus far, the seasonality of April it's somewhat playing out if you look at the first day we pretty much opened. uh, right around 4, 10, 4, 11. we're trading at 412.

So technically it's been a bullish month thus far and that is the seasonality which I'll show show you that. but just uh. the quick headline for this morning stock futures are little change as Wall Street awaits more earnings. that's going to be the name of the game I Just want to let you know folks, if you're not on the newsletter once again, that also makes you a crazy person because it's free macquares at Locals.com in the description of the video.

But what I give you here is the heads up. so this one was written Friday I give you a heads up of the market events for the next trading day. So for example, at 8 30 which it must have already come out the Empire State manufacturing and then at 10 A.M we're getting the Home Builder Confidence Index I Let you know about all. this isn't all of the earnings, it's the earnings that at least a couple of you in here seem to have some interest in.

So when you're looking at the earnings for the week I want everyone to make it like I Want to make it explicitly clear this is not all earnings of the week, it's just the ones that I think you'll have a bit more interested in. and then I also give you the seasonality for the next trading day. So for example, today is favoring the Bears Uh, the profit factor is 0.54 which means every dollar spent in the bullish Direction has only returned 54 cents. I.E It's a net loss I.E it is favoring the Bears The Bulls have won 52 percent of the time, slightly better than the flip of a coin.

but obviously if you have a profit Factor below one and a percentage above 50, Well, that just kind of means that the losses are clearly greater than the wins. And this is a look at the equity curve for one Es contract over about the past 25 years and then I go into like all my own account stuff. so feel free to check that out. But what I want you to know is seasonally today does slightly favor the bears, but don't forget if you zoom out and kind of look at the month of as a whole in April April does strongly favor the Bulls so sometimes you have to look at it at different time frames and I would argue that with anything you might want to be taking in information from the one minute chart all the way up to the monthly chart.

Um, I Think the more information, the more data you have, the better. So I just want to point that out, even though in today's slightly favoring the Bears, the month of April in general does favor the Bulls and here's a little bit more just for people who are visual. Learners Uh, check out at E-whispers always love this. Uh, kind of just a nice breakdown.

The major ones I'm looking at, we could go over Charles Schwab a little bit Bank of America massive one. they report before the Market opens tomorrow Johnson and Johnson Goldman Sachs Lockheed Martin Then after the market closes tomorrow, we have Netflix we have United and then also if we fast forward to Wednesday, some of the big ones right here are just Tesla IBM Obviously, they're going to be massively massively popular, especially Tesla Everyone likes to track that on Thursday I'll be talking about and paying attention to TSM We have American Express ATT Nokia Alaska Airlines You have Blackstone Group Union Pacific Uh, the list obviously goes on and on. Procter Gamble will be big on Friday for sure. Sap I know some of you are paying attention to that, so feel free to screenshot this.

Feel free just to go over to E-whispers on Twitter or feel free just to get the information from the newsletter. But there's multiple free ways to get this. Uh, but obviously some of these massive Mega cap Bank of America Johnson and Johnson Procter and Gamble Netflix United Tesla Morgan Stanley I Actually forgot about those. There's going to be big names, big names are reporting.

This will have a massive influence on the market. and this is the type of information as a day trader as a swing. Trader You need to take in and analyze to the best of your ability obviously. So as of now we are slightly red.

slightly red, but nothing too crazy actually. why is it not showing oil? It's showing. Okay, there we go. Now we're slightly agreeing.

Sorry about that. I didn't know I didn't load up uh, slightly green on the day. oil still holding strong at 82 yields ever. UPS So slightly.

uh. but right now it's pretty much flat if you look at what's going on in pre-market were flat, a little bit of a tilt down. I Mean if you go back to Friday we popped. we sold off.

we popped kind of into clothes, then flat for the starter. Remember the Futures Market opens up at on Sunday nights at 6 PM E.T So we've been trading and recently a little bit of a sell around four in the morning. A little bit of weakness, but remember this is a low volume thing. let's just wait for that Bell to actually go Dingy.

ding ding ding. So slightly green right now. One thing that you might have missed over the weekend is that Gremlin of the character uh Janet Yellen Treasury Secretary talking about a soft Landing for the U.S economy. So let's just give this a little bit of a listen.

You think you can achieve what people are calling this Immaculate slowdown where you slow down the economy enough to cut inflation, but not so much that it throws a lot of people out of work. That's right. I mean mostly economists have often viewed this as a trade-off I think that is what people call a soft Landing is possible. So I do think there's a path to bring down inflation while maintaining what um I think all of us would regard as a strong labor market and the evidence that I'm seeing uh suggests we are on that path now.

Are there risks? Of course? I don't I Don't want to downplay the possibility that there are risks here, but I do think that's possible. There are many factors that have been pushing inflation up that have nothing to do with the tight labor market versus war on Ukraine raised food and energy prices. The disruption from the pandemic caused Supply bottlenecks that led to outright shortages pushed up for example, the prices of cars dramatically new and used cars because of shortages of semiconductors. We're seeing those supply chain bottlenecks that boosted inflation.

they're beginning to resolve. We had big shifts in the way people live and low interest rates and housing prices Rose A lot Now housing prices have essentially settled down. Rental prices of new rental units moved up a lot, but they've now settled down and are falling and that's an element of inflation that will continue to subside over time. Honestly, the most difficult part of whenever she corresponds with the world is the fact that I have to watch it multiple times because the first two to three to four to five times I watch it.

My brain just starts putting like a smeagle face on her and then I get distracted and then I start thinking about Lord of the Rings I I've had to watch that multiple times to follow what she's saying because my brain like right away is just going like shmago like and then all of a sudden like I'm picturing her at like the money printing press and her just saying like Precious and like I just get super super distracted. um so it's kind of tough. uh I I wish there was a person who I could just like watch one of like one time and then I kind of know what's going on but alas, this is who we picked so we have to I guess listen to those the three four five times just so we can kind of get over that hurdle. but something about it and maybe I'm wrong.

maybe in my biased probably because I think she looks like smeagle so much so am I a biased commentator without a doubt. Don't think you're coming to me for an unbiased opinion, especially when it comes to yelling. just not a fan of her all I'm telling you straight up right now. So maybe this is just the bias aspect of me speaking.

but does anyone trust her legitimately something about every single time she opens her mouth I think um, feels like she's lying to me and I don't think that's good when you're the treasury Secretary of the U.S of a just something about it I'm like every her mannerism her Cadence just the word she used how like all of it, a hundred percent of how she acts with the world I think oh, she's lying to us like 100 like am I wrong on that. like do you guys trust his transitory like is anyone in here I'm like, well Matt no like you are being biased. She's like a super trustworthy, smart person who's like fixing all of her problems I Just I Don't know man I I Just think she's in it for her. like I mean we've seen it the amount of money she was getting paid to do speaking events at these Banks before she had this position I Oh, it seems purely a way for her to line her own pockets.

and I think if we even looked at her decisions quantitatively I Don't think even like on a relative basis how their treasury secretaries I Don't think she would be considered a quote unquote good one like I Don't think that her policies and decisions are superior to like a relative cohort. uh I mean that actually be something interesting for economists to dive into the way we like rank whatever presidents and whatnot. I would think that ranking treasury secretaries or even Fed members or the chairman of the FED that would be kind of an interesting one to be like objectively who pulled it off the best. and I just I think yell it has to be near near the bottom of this list.

but hey, maybe I'm completely wrong. Don't think so though. Five things to know before that belt goes dingy. Ding Ding ding today Monday April 17th Hope you had a fantastic weekend.

Hope you were able to eat an infinite amount of meals at Texas Roadhouse Singularly the best restaurant in the entire world. I Hope you're ready for a Starship space launch today from SpaceX that'll be going down in about whatever five to ten minutes I Think that I have the stream right over here. We're just gonna go through this uh, 21 minutes so it's going to be an exciting one and I hope there's I hope it goes Super Well, um, so we're going to be paying attention to that and then really, when the market gets going today, we'll be paying attention to the overall. Market Maybe some of the regional banking I see some commentary about FRC we could talk about Tesla just because it's related to Elon and obviously Elon is Elon so it's always some craziness there.

I'm still not hearing any good suggestions for this zero DTE trading strategy which is something we really need to hone in. Team teamady team team. I Know it was a long weekend I Know it was a fun week again, but don't forget we're getting back to the market here. All right.

Five things to know: The Green Wave I showed it to you from mid-march to mid-april The overall Mark at the S P 500 is up eight percent. The overall Market is crushing it. We know the seasonality of April is also strong. We know recently the CPI report came in a little bit cool a little bit dovish.

Inflation is trending down. same thing with the producer price index. The PPI that came out CPI was Wednesday of last week PPI was Thursday that we got retail sales which dropped one percent. They were expecting a drop of 0.5 so that's coming in a little bit more on depending on how you interpret it.

I Think there's a decent argument to argue that is dovish. We're just seeing demand fall off a little bit. It all kind of makes sense why this Green Wave is happening now. With that being said, I don't by any means think we're necessarily Out of the Woods we're still looking at one to two more rate hikes as of now.

There's a 70 80 percent chance that in the first week of May at that Fomc meeting Wednesday May 3rd, we're going to be getting another 25 bips. another point, two five percent rate increase. There might be another one coming in after that. Obviously this is a little hawkish.

They're pushing downward on the economy, which has, uh, the net bearish effect on the stock market. so there's things to pay attention to. Uh, I Wouldn't say it's all good I Definitely wouldn't say it's all bad and that's why I Think we're very much in a reactive environment where you have to take the major news and headlines and developments and reports in stride and obviously adjust on the Fly earnings ahead. I mean I already showed you the big ones, but I mean it's going to be Bank of America it's going to be Netflix it's going to be Tesla Morgan Stanley there's some big one Johnson and Johnson United Uh, and we're going to be paying attention to all of them yelling on rates.

Well I just played you with that little Gremlin Had to say I mean it's up to you if you want a Believer or not waiting on Wilmington So this is the whole Dominion Fox defamation trial and it was supposed to happen and then the delay is expected at 9 00 a.m today. like I guess it was supposed to get underway and then they just kicked the can down the road and a big Pharma deal Merck is looking to beef up its Immunology offerings with a 10.8 billion deal to buy some other one. I Just I Don't like trading Biotech I Have no knowledge of the industry. it's just it's not my pig, not my farm.

If you're in here trading biotech medical supplies, anything that relates to it. Congrats I hope you crush it. it's just not mine. The most recent time I did it was Prague which is now Bior which is, uh, absolute bullshit company that cost me money I Know it costs some of you folks money if you ended up getting into it I got kind of caught up in some of the data and technicals and fails to deliver and blah blah blah.

but inherently at the end of the day I On top of all that stuff, you still have to consider the fundamental value of the company. and for me, understanding the fundamental value of a biotech play is very difficult because I'm just not trained in that. that is not where my expertise lie. So I'm sure someone in here has much better knowledge in that industry.

and if you are in here, give yourself a shout out because maybe people have a couple questions for you. But I just I have no biology background I have none of that, it's just not where I am. If anything, those always seem like interesting. like 50 50 bets I'm just like okay either they're gonna have a good test, get FDA approval, the merger will go through and it'll Skyrocket or a lot of the times.

none of that happens and it ends up just burning its cash and then dropping to zero. So it's just not an industry where I feel like I have a particular Edge so I just end up tending to avoid it. Quick check-in on Crypto recently. Cryptos had a pretty big pop like if you look at the daily chart.

ever since the start of the year until now. it's been doing well recently though. I'm talking over the past like half a day. if you look at the half hour chart, we are taking a bit of a breather.

But with that being said, Bitcoin uh, we're not holding 30 000 anymore, but it's at 29.5 like so it's within spitting distance. and then Ethereum is holding 2 000. And for those of you who maybe Miss What went down with Ethereum last week? It was the Shanghai upgrade which was the nail in the coffin. The final technical upgrade for the conversion of the consensus mechanism.

The thing that uh is for the validity and the security of Ethereum's blockchain uh, that went through Shanghai upgrade. It was all done though. So basically, instead of doing proof of work, proof of stake, everyone was shouting it from the rooftops that when this goes through, people are just going to be selling. Selling Selling selling selling, and ether is gonna just absolutely plummet.

And it did the exact opposite. In fact, it popped, popped and popped and did a little bit more poppity poppity, so end up having a green reaction. which just shows you that everyone is pretty much always 50 50 in this world. Uh, in the world of Finance, it is very rare to stray dominantly away from being 50 right? 50 wrong? Uh, of course you can find some counter examples, but the Lion's Share of people sharing their opinion on the interwebs on Twitter on Reddit on TV it's about 50 50.

it's more of sizing your winners and sizing your losers and understanding. It's more about trade management. That's the major differential of making massive money and losing massive money when everyone's in this world of pretty much being as right as flipping a coin. Um, once again, there's obviously some caveats to that, but just in a general sense, that's pretty spot-on right now.

The overall Market is pretty flat. Tesla's actually looking pretty decent FRC coming down a little bit to 13. I'm still long on FRC It's a super degenerate bet. It's either going to go to zero because it gets sold off for parts and it can't withstand the deposits getting ripped out of the company or it's going to end up find its footing and then recover to where it is I Don't see any middle ground on FRC Uh, we are going to be hearing from its earnings, the fact that they had to kick that down the road a little bit.

They usually it's one of the first reporters and it's like not this time. not necessarily making me feel the best, but we'll get more information soon. Uh, rumble's been doing well. just trading above nine.

kind of holding there. But let's get ready folks. Let's get ready. Let's get ready.

And let's start today off with a 14 minutes out from Australia Engineering background. system fill is something that is critical to that goal. Being able to put Starships means that we have to have a system. Starships I Was reading about this um will be different than the one ginormous one I Know now.

the employees who have been at SpaceX a while say that Starbase does remind them of the early Falcon one days, except moving a whole lot faster. The team at Star base is expanding as fast as the facilities are, and if you've ever wondered what life at Starbase is like, here's a quick beat. Are we gonna get Dmca? Is this gonna take us out? Probably no way. Do I own this music.

But hey, I guess we're doing Today's Show for free Foreign. Why are we playing this music? Just stop Elon Elon Stop screwing me over like that. Well now the stream is getting cut a little. What are we doing here? All righty one.

Not cool bro. Not cool. What's going on with their stream? Would you guys be in support or against Elon taking on YouTube He took on Twitter and now he is the daddy of Twitter If he's like you know what? I need my spaceship launch streams to be better so I'm just gonna buy out YouTube just restart the show after lunch. we could.

but then you always lose people and it just becomes a big pain. Dude, this is not coming through well. how many is it because everyone's watching not yet videos from space. Is this not the official SpaceX one? Um I thought I just saw space and kind of assumed that was it.

Let me see if I can find it. Uh nasus there's 260 000 in here NASA Space flight is this NASA New Order Is this the legitimate one? It seems to be less glitchy than the previous one, but I can't expect NASA to be like taking tips and stuff and all like members like, come on, what is this is there? Like a legitimate stream here? Uh, let's see. let's see. let's see.

let's see foreign. Yeah okay I found it Here we go SpaceX 876 000 people watching. That's crazy. All right we.

Why does. Why is he dressing up like Elon a boat? I Think they? yeah they're in Texas chica something. So you're telling me someone can cause like millions of millions of dollars of fees related to delaying it by just driving a boat into the water. That'd be some weird like business level fighting.

Just be like nah, screw it. drive a boat in eight minutes. Let's do this thing. canceled Other steps of the countdown.

this will be a full validation for the team. But currently the plan right now is we're waiting for final Word is that at I think at T minus 10 seconds we will finally stop the clock and then recycle the countdown for today. So it sounds like B minus eight minutes and Counting we're continuously the first and second stage. You can see the Starship second stage.

something about it being rehearsal now for whatever reason and they're going to stop in that 30 seconds as we load liquid methane, the liquid oxygen into the large super heavy first stage scrub. All right. Propellant loading is continuing until T minus three minutes. Wow, There's an outer ring of 20 engines and then there's an inner set of 13.

those are the engines that can Gimbal and adjust the course of the Starship vehicle on the way up. And of course the first stage is it comes back down towards the Uh water landing in the Gulf of Mexico. Now when both stages are loaded, you can see the condensation thrust on the side of the first stage will have just over 10 million pounds of liquid propellant on board inside. T minus seven minutes.

We're continuing to count. Team is preparing for the hold and scrub at T minus 10 seconds. Now the good news is everything's been going good. We're just working that one issue so we are continuing to count.

Team will get this as an excellent opportunity to run the end to end of the system. Now in a launch, In the next few minutes, the guidance system would be performing its final alignment. We will be doing that. This morning, the automated flight termination system would be armed.

We won't need to arm it today as we won't be flying and we'll do final thrust vector control checkouts. what we call Wiggles of the Raptor engines on the first and second stages. Now, normally in a countdown. If we needed to hold, there's a view of the second stage Raptor engines just above the first stage.

Now, as I mentioned in a regular countdown, if we needed to hold, that would come at T minus 40 seconds. That's the point in the countdown where we can pause to wait for final checkouts or pressurization to complete. Now, earlier this morning, we thought we might have to hold it 40 seconds. Everything's looking good.

Uh, except for the blood pressurization issue that the team is going to have to troubleshoot after this morning. so we won't stop at 40 seconds. Right now, we'll continue all the way down to 10 seconds and then we'll go into a recycle. I Want them to explain why it got scrubbed today and I've actually now we're coming up.

T-minus five minutes. Uh. Overall though, okay, it's been a good day. It's a little sad listening to the flight Director say that we're gonna have to stop at 10 seconds, but uh, I guess that's for everybody.

It gives us a real run through. The water issue? Yeah, uh. it's unfortunate. Of course we wanted to see fire today and lift off, but that's okay.

The point of the countdown is to allow the teams uh, to progress to that T-zero time in a coordinated fashion and really to unveil any issues prior to the ignition sequence. So the countdown did its job today. Uh, it allowed us to identify that press issue and like John mentioned, the teams are going to to work through it and we are going to basically call it office minus 10 seconds. We are going to treat this what we now call a wet stress rehearsal.

Yeah, and we've mentioned the term a couple of times. Rehearsal: Because we are wetting the propellant tanks, we are loading propellant into the vehicle. We've talked about this: pressure that exercises Zero system. Uh, the ground system, all of our infrastructure that loads propellants onto the pad that exercises our Um procedures.

For the mission control teams, we're monitoring Telemetry on the mission control consoles looking at the pressures and the rates and the temperatures and some of those things look a little bit different when you're getting up to the pre-flight uh, pressurization levels and full propellant load. So we're learning things today about the integrated tasks that are going to set us up for success in a future attempt later on. uh, hopefully in the next Uh 48 hours or so. And and Kate like it's It's also worth mentioning here.

we're still gonna take the count through to a pretty uh around the T-minus 10 second. Mark So we're really going to exercise everything that we would up until that point in in the vehicle. States and ground procedure are they gonna say when? Yeah, Like we said before, any data that we can collect today is going tomorrow and that's exactly what we're doing. We are continuing to collect this data and allow the teams to have, uh, be better informed for the next attempt.

Um, Unfortunately, due to the Uh needing to recycle the propellant, we are looking at a minimum of 48 Hours Uh, until we are able to attempt this flight test a minimum of 48 Hours Well, we're not quite sure what that time will be at the moment, but we're looking at a minimum of 48 minutes or excuse me of 48 hours at this point. But exactly as you said, things look a little bit different on launch day and um, we allowed the countdown to do its job so you basically get to point to allow the teams to work through the issues and we're going to continue. Like we said before, we're going to continue all this down all the way to T minus 10 seconds. Um, and that will really allow the teams to pretend like this is launch day and continue and gather that data.

Yeah, but yeah, that's on the one hand. Uh, it's a little Bittersweet On the other hand, we watch them go all the way through first stage propellant load just now, wrapping up the second stage, even the header tanks up under the nose of the Starship that you can see on the monitors. Uh, actually that all went very well today. Uh, the weather was excellent.

Uh, everything was looking good. Sadly, we just have the one issue. Uh, but that is letting the team continue to count down and we're going to continue with it here until we get the clock hold at T minus 10 seconds. Yeah, so for those of you that have just joined us, we're now at T minus one minute and 30 seconds to what would have been the launch of our Starship flight test.

But unfortunately due to a stage one issue we are going to utilize today as a wet dress rehearsal. Instead, we are not going to attempt launch. The teams are basically saying that we're scrubbing our launch attempts for today and we are expecting a minimum of 48 hours in order to recycle. Um, so it's all good news though.

There's nothing really to be sad about other than we had hoped to be able to lift off today. Yeah, One thing to point out when we do come back when we clear this and we fly. one of the things you'll hear in the last minute, you won't be hearing us because we'll be listening to the countdown. But at T minus 30 seconds, that's when the flight director would give the final go for launch.

I'd love to have hear that this morning. but uh, something to look forward to Absolutely to look at is T minus six seconds We Begin Lighting the engines up on your monitor you can see there T Minus 40 seconds. We did hit the 42nd whole point and they are holding for a moment. In the end, they will release that hold, will go the last 30 seconds.

But yes, when we do get the day of launch, the last thing to look at is in the last six seconds, light the Raptor engines in succession. So unlike Falcon 9, we're gonna have to do that a little longer. We're hearing right now the clock is going to hold here at T minus 40 seconds. Uh, felt the super heavy and Starship are looking good.

So with that Kate Uh, it's been a fast-paced morning. You know, we got through it fairly quickly, but uh, at this point we're gonna have to call it a morning. Yeah, that's right. So for those of you that have recently just joined us, we unfortunately countdown today and that is going to scrub our wanted tubs.

but uh, we are expecting a minimum of 48 hours in order to recycle. so be sure to keep an eye on our social channels and we'll share information as soon as it becomes available. Until then, stay safe and we'll see you soon! Well, that's a little bit of a bummer. Probably get live updates postponed.

Starship Launch attempt. Let's see what they had to say about it: South Padre Island Texas Excuse me Elon Musk's Space Test was eyeing Monday to launch its towering Starship rocket to space for the first time from a private facility in Texas along the Gulf Coast But with 15 minutes left in the countdown, the company announced a scrub, postponing the launch. The Starship orbital launch is the culmination of several years of regulatory work and technological tests. Company leadership has repeatedly stressed the experimental nature of the launch.

SpaceX had hoped to conduct the first orbital Starship launch as early as summer of 2021, but delays in development and FAA approval push back the timeline. Starship is designed to carry cargo and people beyond Earth and it's critical to NASA's plan to return astronauts to the Moon. Two years ago, SpaceX Won a nearly 3 billion dollar contract from NASA to use Starship as a crude Lunar lander that would see Starship be used for as part of NASA's Artemis Moon program delivering astronauts to the Lunar surface from the agency's SLS rocket and Orion capsule. All right, So it's postponing I Don't think we have a definitive date, but it looks uh in a minute.

All right, let's see what Musk is saying. Minimum is a 48 hour wait. Uh, chirogenic propellant load off Starship is underway liftoff in T minus one hour. A pressure valve appears to be frozen, so unless it starts operating soon, no launch today, valve appears to be frozen.

What else did Elon have to say about this? What else did he have to say? Uh, that is apparently all he had to say. Starship Seven Hours 174 000 likes. It is pretty cool. something about space and travel into space.

The frontier of humanity if you will. Uh, All right. Well, I guess a minimum. we're waiting 48 hours.

That's the absolute minimum. But with that being said, there is no official date. They could choose to do it in 72 hours. They could choose to do it next week.

Next month, they might have to wait for weather. There might be more regulatory issues. This stuff seems to be. uh, I don't know it is.

It seems to happen like I think there's a lot of luck involved in actually being able to launch something because everything could be great from the technology standpoint, from a regulatory standpoint, from a weather standpoint. And then as they were alluding to, someone could literally just drive into the water space with their boat and then they have to scrub the whole thing. Uh, so it seems a little bit luck oriented. It seems like it gets a little dicey and unfortunately we won't be able to watch it today, but hopefully in 24 hours.

And if that is true, obviously we're going to stream it because why not? It's fun. But with that being said, the show is not over. We have to talk about the old stock market. the old crypto Market the old Futures Market the old Options market.

Right now we see Bitcoin and Eth selling off uh, Ethereum got as high as 2140. Now we're at 2060. we see Bitcoin recently tagging 30.5 K Now we're down over a thousand. With that being said, just to be fair here here, obviously this is kind of more of a mean reversion move I Mean we've ripped the High Heavens recently.

So if anything, this could just be classified as a healthy, healthy pullback. A healthy breather. Uh, check out Charles Schwab Charles Schwab They reported this morning and apparently at first people liked it and now not so much. Uh, CNBC Charles Schwab Earnings Let's see what happened here.

Cheers of Charles Schwab Gained three percent I'm better than expected earnings. The company posted a profit of 93 cents per share, beating the forecast of 90 cents. They had a revenue of 5.12 billion was roughly in line with estimates. The Brokerage has been under pressure since the collapse of Svb, as investors feared the company could suffer a similar fate.

To be sure, Schwab has defended its financial position, noting its loan to deposit ratio is low. uh Google's down four percent. Uh, Samsung is discussing using Microsoft's Bing as the default engine. Wow, That would be a big switch if Samsung ends up going with Bing The thing that we all think of as a joke.

Now literally, we all thought of Bing as a joke, but now that it's connected with Open Ai and AI in general, what if is all right? This is a crazy question, but I want to pose it to all of you: Do you think there's a world in which Google is no longer the dominant search engine? Do you think with the change in AI Like is this the thing that in a couple years Bing becomes the wildly popular search engine? Like is there a world in which this could Propel it forward? Or do you think that's just visions of grandeur? And Google search engine is just far too big, far too popular, far too integrated in everything in this world. Google is dead. Nope. Bing Sucks.

DuckDuckGo Not a chance. All right. A lot of naysayers in here this morning. What happened to all that positive? What happened to all the positive? Petes All right.

the 1.6 billion dollar lawsuit against Fox News was delayed by a day on Tuesday Fox News Also apologized to the Delaware judge presiding over the Dominion voting system's defamation lawsuit for failing to properly. Define Rupert Murdoch's official role in the company. Merck Uh, there's a combo a merger going on there blah blah blah blah M T Bank The Regional Bank stock jumped three percent after the company posted its latest quarterly figures. M T Bank posted an adjusted earnings of 4.09 when they were expecting 399.

The bank's Revenue 2.41 billion uh topped consensus at 2.38 billion. So smaller bank which now I'm kind of interested in because I own an FRC position. Paying attention to what's going on in Regional Banks and thus far things are looking good but I need it to be. Everything could be good and I don't like FRC might be kind of the odd man out and I hope that doesn't happen so we're still gonna have to wait a little bit on that one to know specifically with FRC but hopefully, uh, time favors us.

So Schwab Coming down now I'm curious what was said. I Guess on the earnings call that people decided we like the numbers in the report, but now with the earnings announcement, obviously it's downtrending. FRC is also coming down. Uh, what about the bigger Banks JP Morgan's actually looking good Bank of America is looking good.

cities also looking good. So the big banks are looking strong. We're seeing a little bit of weakness in some of these Regional Banks though. so uh, just something to know.

we're about from our own launch about 60 seconds out. so let me drop to the one minute chart just so we can kind of track what's going on there at least for Market open and I'm in the mood for some degeneracy I Figured I Got all of my bad luck out of the way yesterday by betting on uh, both the Bucks and the Suns who both lost, which statistically was an anomaly. So the fact that they both lost tells me that like I'm very, very close to a nice win and with being that close to a nice win, it might as well be in the market today. I Got all my bad luck out of there.

all of my bad juju, my bad karma, whatever you want to call it, it's out of the way. so we have about 30 seconds to go and I don't know if anyone's giving me a solid zero. DTE strategy um, which I have to admit is a little bit upsetting. like what are you guys doing? uh I Kind of want to do something on the SPX because why not? This is The Real McCoy this is the actual S P 500 Index And fun fact: for those of you who trade it, there's actually some tax advantages, but I'm not a tax person, so you should probably ask someone else about that besides me.

But let's get rocking. The casino is open all right. Let me see what I could do. Order filled I don't know what that was.

that was my robot. Uh why is this cell order confirmation? Why is my order confirmation not working? Oh I had to like confirm something. Uh, your order to sell five contracts of SPX has been filled at 2 45. So what is my actual position I think I just did something stupid but I'm a little bit confused I'm a little bit scared SPX vertical I went at the money I sold a spread a call spread 4135 I sold that one I bought this one 4140.

I'm confused. open I'm already up 50 bucks I'm up 150 bucks. What the fuck is what did I do I sold it at 245. I I guess I did five of them now I'm down 150.

now I'm down 100. what did I do? What's the market doing I'm up 225 I'm up 150. I did five of them? What are these trading at? Does anyone know what just happened? Has anyone open now like it's going from green to Red Like way too fast? Uh I guess it's time to just take a look you see at the market. So I did a call Credit spread So I think if it falls I think I'm good I think we needed a better plan for this zero DTE strategy.

There's literally at this point it feels as if the zero DT strategy was me just saying zero DT strategy and other than that, there was no methodology. So congratulations, you ruined my life. If I lose money today, it is your fault because none of you came through for me I was saying hey I need a strategy I need a strategy I need a strategy and granted, you might be able to point this back at me and be like but Matt why would you trade money before knowing what you're doing and honestly that's a super Negative Nancy attitude that is the opposite of a grind set like if top G heard you saying that right now he would be disgusted so let's not blame me. I was the person who came to all of you and I was like hey I like their strategy I think we need something and just none of you stepped up to the plate.

none of you actually just to show you the seriousness of my thoughts on this current situation. Um, no gold stars are going to be given out this week. No, we are on a gold star pause. We are scrubbing the gold star program until further notice and I hope you can tell how serious I am about this.

No gold stars, no gold stars. Scrubbed program is scrubbed thanks a lot Matt You tried and failed today's lesson. never try Homer Simpson Oh shit now it's going the other way I wonder if the way to really do this is maybe I should have had a profit Target set right away. Well now it's down 500.

Holy shit, how much did I risk on this play? I Spread it by five dollars. Five times five. Oh is that 2.5 k? No. but 2.5 k minus the premium I got so I'm five five hundred, Two point five.

So I'm risking one point. dude, this is all over the map. I'm I'm here. Let me I don't understand.

This was just down by five hundred dollars and now I'm like right back at break even. This is a Madman Okay, so can confirm I like the degeneracy of this because I like the volatility, it's all over the map I just probably wish I had a better understanding of what I was legitimately doing I sold a zero DTE call Credit spread at the money and at the money call Credit spread and apparent the the volatility is just nuts I like even there I was down 500 then I went back to break. even so basically every like 25 cents every 30 cents. this thing is just absolutely Haywire Imagine if it broke in my direction, take it at 35.

trust me. 35 Order filled. What was that? That was the algorithm that was a different algorithm that wasn't on Weevil this was on. uh, the features Market that algae that's still writing that I'm still slowly but surely refining is this ever going to go my way I'm a little nervous here and what I don't understand is everything seems a little weak like Tesla went down FRC went down oxy went down I chose to do a call Credit spread on the one thing currently going up so super unfortunate break there super unfortunate break ah, you know I was really hoping with like beginner's luck whenever you do anything degenerate.

Has anyone ever noticed that whenever you do like a new degenerate bet, typically beginner's luck is a very real thing and I wholeheartedly believe in that. I'm not just saying this as a bit. I feel like think about the first time you traded an option, you probably made money and you're like dude, this is so easy. The first time you traded a penny stock, the first time you got into the world of crypto, it feels like The Beginner's luck is a very, very very real thing and I think unfortunately that's something that like gets us all addicted to full-on degeneracy.

like but it worked once before. Um, so I was kind of betting on that in all reality. like if you ask me like why I was so confident in this particular play. uh, my confidence was there simply because I was like oh no, like it has to work it's the first time I'm doing it but maybe not.

my first crypto bet was a leverage Tour on BTC from 59 to 27.5 K wait Jason how much did you make on that? So I mean you said it was leverage even if it wasn't leveraged. that is 30k. but I don't know how much you put into it and I don't know what the leverage rate was, but it sounds like you made a lot I made 70k on my first option. That's what I'm saying I Feel like beginner's luck is a very, very very real thing.

Uh, what's the dollar doing? Is the dollar dying? Of course it's dying. What is? Um, hang on. we'll save this load layout I Saved another one. Here we go.

Let's load it. Uh, here's a little cheat sheet thing I have going on for the overall: Market Apparently it's not doing anything yet. everything's still pretty neutral. The market is popping.

Yeah, it feels pretty neutral though as of now. All right, we don't need that leave. Oh uh oh. I was on the wrong side of it.

so I just want to make it clear: I was in a complete madman with this play. First of all, the fact like it is defined risk whenever you're talking about spreads, obviously it's not going my way as of now. Um, unfortunately it might just be ripping to Kingdom Come Maybe the way to do it all right? I'm working on already trying to develop a strategy here. What if the way to do this is the same thing I essentially did here work on me with this for one second, but instead of doing it out of the gate? what if I wait for the first 15 minutes and then at 9 45 we have a rage.

You have your first 15 minute range and then wait for that range to be broken. It might happen at 9 46, but it also could take more time than that. Basically I'm looking at the high and the low of the first 15 minute bar and then I wonder if it breaks to the upside. sell? put premium and if it breaks to the downside, sell call.

Premium Maybe I need to somehow do it with an open range breakout of the first 15 minutes and then just play the opposite. sell the premium to the opposite side. I Think we're getting somewhere. It's all because you took away the gold stars.

No. I You guys know why I took away the gold stars I I Feel very Justified for it. Maybe maybe if this play ends up making me money I might be willing to consider the relaunch, the unscrubbing of the gold star program, but um, if I wouldn't hold my breath on it I wouldn't hold my breath on it. Honestly, if this trade hits, we might be able to do the 15-minute strategy soon.

Just waiting for 9 45. waiting for that? 9 45. no more gold stars as of now. The program is fully.

uh, we're waiting. We're waiting. We're waiting. we're waiting.

And it's because no one did their prep work over the weekend that I didn't tell you I needed you to do but you should have read my mind so it's on you. You could blame me, You could try to blame me and you could be like but Matt you you never told us to come up with a zero DTE Strategy I would have spent time this weekend when I was at a Texas Roadhouse coming up with one formulating when back testing it so I could pitch it to you at the start of the show on Monday yeah uh you Coulda but did I say it out loud? No I didn't say it out loud to anyone. but I expect you if you're in here, you should already. You should already kind of know the name of the game you could.

You should probably already know what I'm thinking and what I'm after. You guys should know what I want before I know what I want No gold star might have to hit the downvote. Or maybe you guys should take this as a lesson and just try to be better. You know, maybe a little bit of accountability instead of lashing out in a negative attitude towards me in a negative sense towards me.

Maybe it should be time for a little bit of introspection when you're yelling at yourself in your mirror today thinking to yourself, how could I be a better chat member How can I do something to potentially help wi