Foreign, Foreign. foreign you look I Am your father? Good morning, Good morning, good morning. Welcome back to another episode of the Matt Core show where you're Matt I'm Coors and I Suppose the way we do this is all together. we are effectively the show.

So uh, hope you're having a good one. Hope you're crushing it. Hope you had a great, great weekend I See a couple questions of why am I starting early? Um, because I can I Got all the prep work done I've been up since the freaking crack of dawn. It's actually really, really, uh, rainy and crappy and dreary out here in New York So if you're in the Northeast and you're also battling this less than ideal weather, hey, I'm right there with you.

But I'm just ready to go I'm ready to rip. It gives us more more time to clown around. I've gotten some feedback that on my Monday shows. I I go on about too much stuff that doesn't relate to the market, but I'm just jacked up.

It's been days since I've been able to hang out with all of you. so I obviously need to get started early to cover all the important stuff. What did I end up doing this weekend up? So my completely real fiance? you guys might not know this about her, but she's a wedding photographer and she had a wedding to shoot somewhat near my hometown. So I figured oh, I'll just go with you and I'll hang out with my family.

This that the other thing. and obviously if you guys don't know this, September October Really big for wedding months. So my mom is also somewhat in the wedding industry. she's a florist, so she had weddings to do and blah blah.

It was just. it was hectic. it was busy so I was just there to give a helping hand if you will. and before I knew it.

not at the completely real fiance's wedding, but at my mother's wedding that she was the hired floors for I was the person assembling the entire Archway And you guys might not know this about me, but I'm starting to realize that just maybe just maybe I will have a future in the business of flowers. I mean I crushed it the way I turned that normal Archway into a piece of Living Art that was truly the focal point of the wedding. Uh, I surprised myself I really really did definitely definitely surprised myself. Uh, being able to crush that so that was majorly a highlight of the weekend.

I I think I might just have a whole new career ahead of me. So if any of you are currently in the market and you're like dude I just need someone who is like maybe a streamer, but more importantly, a streamer that has the ability to create floral archways for your wedding. hey, I'm your guy I'm your guy. Obviously, the weekends are filling up quickly.

Uh, but I'm I'm definitely the guy. So if you guys need me I'm only a couple DMS away, it's gonna be a whole new business for me. That's basically what I did. Um, we ended up bringing Piper with us and I just thought it'd be kind of good because Piper hasn't really been socialized at all like she's not.

she's around myself, my completely real fiance and that's kind of it. No other animals, really? no other people. Uh so I was like, all right, like we should bring her and I just thought it would be good because like my mom she has, there's like two. Great Danes it's just more people, it's just a different place I think it's good when they're younger actually I was reading about it like you're supposed to try to socialize them so they aren't the like basically Scaredy Cats the whole time and at first she really was like definitely scared.

definitely scared. um but but but but by the end of it she was getting along with the other cats. My mom's cat is a meatball. An absolute meatball now.

I don't know what my mom's been doing to my family cap. my family's cat name is Sushi and he was always a little bit more of like a slender cat. uh like I don't know, just not out of shape. and I saw him this time and he wasn't walking around, he was rolling around.

he was a furry meatball I was like dude, what have you been doing man so um Piper for the first time in her life got to meet a fat cat and that was pretty interesting. He did not like her but she was more than fascinated with him which I thought was kind of cool. that's kind of it. She's a little weird in car rides.

uh, she ends up just kind of falling asleep like on the dashboard because she's looking up through the window confused by why everything's moving so quickly. But the only real confusion in my own life this past weekend is why my fantasy football teams can just like not my running backs, my quarterback. they they just don't the thing that they're supposed to do I.E get points is the exact same thing they don't do my running backs I don't know if they get on the field and they're like oh yeah like Matt has us this week so uh, let's like walk backwards I don't like after one play what are they like running back to the bench here, running to the others team side to help them out I don't know I just don't get it I Have had not one football weekend this year where my quarterbacks and my running backs I'm not even begging for over producing whatever their expected points are I'm saying they can't even get their expectation my. Unfortunately, in both my fantasy leagues I have Joe burrow and he's been I guess battling some sort of calf injury or whatever it is, but he is, uh, scheduled to play the night, but he probably won't So I ended up having to play.

oddly enough. um Russell Wilson the Broncos quarterback So I'm Never Gonna randomly watch a Broncos Miami game but I did this time because I had their quarterback on my team. And if you guys don't pay attention to football, something very, very unique happened this past football weekend between the Broncos and the Dolphins And like I said, if you don't pay attention to him at all, you might be surprised to find out that the Miami Dolphins beat the team that I needed to do well by 70. Miami Dolphins scored 70 points I Believe it was the fourth or the third highest score ever.

It got so bad at one point in the third or fourth quarter, the Miami Dolphins coach was going into the stands and asking fans what play he should play next. There's videos and photos of the Miami Dolphins coach going into the stands and saying hey, what play should we do that's how bad this was. They put in their backups back up and they were still scored the Broncos The Broncos defense was as if I were on the field. It was as if they put mere mortals normal people into the game and they're like, hey, try to play against these genetic outliers.

It was the most destructive performance we've seen in modern football. The I don't understand how I mean their defensive coordinator. the Broncos defensive coordinator has to get fired right? Like there's no way do we have any Broncos fans in here Nick you were there Tom you were there. That's crazy I Mean it was truly a ridiculous performance I I Just don't understand it I don't understand it in the slightest and it's just no matter what I'm doing in fantasy, folks, you might understand at a certain point when it comes to me in the market the stock market equities.

I'm right a hundred percent of the time, 50 of the time when it comes to Fantasy this year I am perfectly wrong a hundred percent of the time. If you want the most sure-fire way to make money in fantasy, just do the opposite if I draft someone. if I pick someone, do the exact opposite of that I have a perfect Miss rate. Which means for you, if I'm doing anything, there's most likely a great financial opportunity to do the exact opposite.

So yes, I get it. You might come here and you're like, all right. Matt Like we'll fade them on some plays, we'll go with them on other plays and it's kind of dicey sometimes I Get right, sometimes I Get it wrong. When it comes to me in fantasy football, do the opposite.

I'm telling you, if you want an unlimited money hack, just do the exact opposite, especially when it comes to my fantasy picks. and then bro, he's I drafted him. so I'm in two different fantasy leagues and Joe uh is the quarterback on both. and now that he's hurt and like he re-aggravated his calf or whatever it is I'm just kidding.

I'm getting so absurd screwed right now. and I don't know. The only thing I can hang my hat on is not really in the world of fantasy, but at least the teams that I support Shout out to Cam here. Thanks for that 20 I Lost! Thanks Cam! Um, at least Penn State's winning.

So for all the Iowa fans, well obviously we were going to kick your ass and then uh. also the Eagles the Eagles are playing tonight so they're playing against. uh, who are the Eagles playing against? but uh, how about them Cowboys just it's What's Really Gonna Matter with the Cowboys is when the Eagles play them and the Eagles are going to destroy him. So like, at least I could take a little bit of pride in the fact that the teams I support are winning.

It's just not my own fantasy teams that I've constructed. They're not performing by like at all. So that's um, that's a bummer to say the least. But hey, we'll We'll take the wins where we can.

We'll take the wins exactly where we can. Justin Jefferson is on track to suppress 2 000 yards easy. I mean I'll show you this is who or my current. uh, let me get this all up.

Hang on Uh, let's go. So one League I'm doing all right in and the other D League I'm not so this one um I'm destroying in this lady I like I'm this will make me three you know? So and right now, uh, the person I'm going against they don't have any more players I still have two and uh Mike Evans has actually been doing pretty well and I think the kicker tonight should do fine. So this league I'm not worried about it's this league where I am owing to and unfortunately it looks like I'm about to go 0-3 and the crazy thing is is like I'm putting in effort to this so two were destroyed obviously because he's on the Dolphins uh I had to put in Russell Wilson So literally my quarterback went against the other quarterback. That just happens to be one of the largest upsets ever in modern day football.

So that's beyond unfortunate. But my real issue is right here. it's my running backs. no matter what running back I put in I'm just getting embarrassed.

uh Devonte ad my wide receivers are keeping me alive tank Del Devonte Adams look at this 23 35. That's what's giving me a fighting chance, but it's my running back set. I just can't get anything going with them and uh honestly, they're running box and do the best either. But DK Metcalf genetic specimen Pat Fryarm youth that's a PSU grad I it's just dude I just don't have much of a shot I I don't know, it's just not.

it's just not coming together to me. it's just I need to trade or do something if I can get like one quality, one quality running back I might have a shot I might have a shot, but whatever. that's where we are. So I'll feel a bit better tonight if the Eagles end up winning.

So I just need the Eagles to crush it. and I think they're predicted to win, aren't they? Um I think they're predicted to win. uh Eagles why do I have cap locks on? Uh, so they're playing the Bucks 7 15 tonight Eagles bucks spread. Hang on, let's see what's going on.

What do we have? What do we have? the Bucks the Bucks the Bucks what can they cover? Okay, it's Philadelphia minus five so they're slightly favored. but like nothing too crazy. nothing to run home to Mom about I wonder if that's worthwhile to bet on? uh, the other crazy football I don't know. It was kind of an interesting football weekend so we had all the craziness with the dolphins absolutely destroying the bucks.

Um, but on top of that I think a lot of people who don't even care about football ended up tuning into the Chiefs game because there's all these rumors swirling of Taylor Swift and uh Kelsey dating and she was there in his I guess like his personal box or his family box like whatever it is at the Chiefs game and she was cheering him on I think over the weekend the NFL probably garnered like a couple million more Swifty fans just because Taylor Swift was at the game and there's this clip of her going like like let's lfg like let's go because Kelsey ended up scoring and I think the NFL just got the whole like or a good portion of the Swifty Army to say the least. Uh so I don't know. strange football weekend but it is what it is. A quick reminder: I'm going to remind you guys you guys are the early crowd so I'm gonna end up having to remind you um when the time's a little bit closer.

but don't forget tomorrow is going to be a strange stream day for me because I have to get up super early in the morning to get my butt to La just so I can prep up to do the show um, this show from the second GOP debate. uh I'm gonna obviously there I'm in there with partnership with uh Rumble I don't know who I will or won't be able to interview but obviously when I'm there I'm going to do my best to put together the best interviews right now I Just nothing's officially confirmed but I've been talking with some people that I know will be in the air. so I think I'll be able to put together something pretty pretty cool. so make sure on Wednesday if you're watching on YouTube right now I get it? maybe like YouTube for whatever reason, but this is going to be a rumble event so make sure on Wednesday you're tuning in on Rumble um and it's pretty easy to find me in all reality I mean if you go over to rumble and then if you go to finance you're going to see me so you can come right to Mac course so make sure you subscribe do all that good stuff.

We're live right now so just want to throw that out there that Wednesday Wednesday Wednesday it's gonna be a rumble show but also what I'm gonna try to do is so I fly early tomorrow morning I think I take off at like six or seven or something but I think I'm gonna have some down time so depending on if the like Hotel Wi-Fi is good enough I might just do a stream from the hotel so maybe we'll do like a Power Hour stream depending on the time zone. if I could get to the hotel basically I need to get to the hotel in time and then I also need to obviously have enough Wi-Fi to do it. so I'm going to try to do that tomorrow. Uh, so basically the next three days are going to be a little bit funky, so make sure you're just paying attention on like Twitter or something.

I'll tweet it out I'll try to keep you guys like to the best of my ability prize to this situation. But the main the Highlight is going to be going down on Wednesday before the GOP debate I will be doing a stream from the official Rumble Studio that's there for the debate. So I'm really excited the first time around. I Got to have an in-depth conversation with Chris Pavlovski, the CEO of Rumble and also uh Viva and he's also a big big content creator speaks more on like the legal developments of what's going on in the political sphere.

Um so I have an idea of who's going to be there. nothing's committed yet so I can't like really be dropping any names but thus far things are shaping up pretty pretty. uh, like solidly I would argue. So I hope you're there I hope you want to tune in.

Check it out Little little specialty thing. Grab a Wi-Fi booster to plug into the wall or hotspot on your phone. Yeah, so the only issue with um, that is it's not really a booster issue, it's just sometimes the internet at these hotels truly just doesn't have the upload you need. It might be capped at like whatever, five or ten uh which can make the streaming process a little bit difficult.

Some of these like quote unquote good Wi-Fi's at hotel uh they focus on the download speed, which is what most people end up needing because that's most people or whatever they're watching TV or something. um uh Netflix or streaming something. maybe they're on Rumble maybe they're on YouTube But when it comes to what's going on, in terms of streaming, it's more of your upload speed that I mean sometimes you can't really do anything about it. they're just not offering it, they're not offering it.

which could be a bit of a pain in the butt. but I'll figure it out. We're gonna. We're gonna go with the flow.

I Mean basically this whole thing is improv Anyway, so we're gonna. We're just going with the flow. That's the team. That's the plan.

That's the plan team. and I think we'll end up crushing it. We'll crush it. We'll crush it.

We'll crush it. Bring an ethernet cable in case your room has a router. you can hired wire it. um maybe I Have to think because my ethernet is like big.

it's like a hundred feet long because of when I was in. Philly I wonder if I could go I could probably go do an electronic store and buy a short one today. that would just be appropriate to fly with because that's a whole nother thing. it's just a somewhat being space conscious of like how much crap I could bring with me on this flight.

So I'll figure it all out. but I'll tweet out what I'm doing on Twitter or just if it's rumble or YouTube one or the other. most likely both of them. Make sure your notifications are on because like if I end up doing like a random off schedule stream, that's where you're going to find out most rapidly is getting the notification.

uh well, at least you will on. Rumble YouTube decides to put out its notifications whenever it feels like, so sometimes that just makes it difficult. But anyway, anyway anyway I just wanted to give you a heads up for that of starting tomorrow Tuesday Wednesday Thursday It's just going to be a little bit different, but hey, life's life's fun with a little bit of change I suppose um, on that note, we should probably talk about some Market stuff. I mean unless you guys have been missing it, um, it is getting pretty destroyed lately.

Uh, and I guess if you've been slinging puts like you're really I guess let me look over you, how many of you right now are actively in like shorter term puts as in less than a month out? I Know some of you are probably playing zero or one DTE but maybe some of you are just playing the Fridays or something like that. But ever since the technical breakdown have you guys been getting into Puts? where are we at? Don't fly with new chord? Prime it to your hotel. That's smart. That's really smart.

Prime it to the hotel so it's there. All right, we'll We'll get it all figured out. We'll get it all figured out. That's really smart actually.

QQQ Puts so just burn. You've been crushing. It is Burn the only one that has it. Amazon To invest as much as 4 billion in an AI startup? Uh yes, we're going to be covering that profit.

Good call out. uh uh. small town fairs they plan into their work. We should take AMC ticks around local fairs that October 1st government shutdown will mean blood no put stocks only go up.

carry 40 put so you're oh. Anna's going against the regional banking sector. could be I mean depending if like yields, keep popping, bonds are going to go down. and if we have banks that are underwater or maybe even worse than that like completely upside down.

um completely upside down on the bomb position, they there could be more small to medium-sized Bank blow-ups hey bro! Rumble Never gave me a notification yet again only YouTube did well. that's because if you look right now on Rumble and YouTube the show technically isn't scheduled for nine and that's because I that's when I was going to start the show and then I was just sitting here bored. So I was like oh, I'll start the show early so technically on neither platform is it really gonna get promoted to like the full audience yet because it's scheduled for 9am which is still in like eight minutes. So I don't know they still across the board I think a lot of these streaming services uh have like some little Nuance issues here and there, but it's really not that big of a deal.

Um, but it's really at 9am that I believe on both. like the notification should actually go out so we'll see. We'll see, we'll see, we'll see. Uh.

But anyway I guess we should talk a little bit about this a little bit about the old stock market. Um I guess here let me get the poll going just to collect. start a poll Market today. Green Red All right.

we'll get that going. Uh, the polls rocking. so feel free to vote? Uh I Heard from some little birdies that the poll system in Rumble is actively being worked on. so uh, there's not technically a release date for it yet.

but for everyone watching on Rumble right now and you're like dude, I would love to vote on a poll uh, it is in the works I've heard from just the Grapevine that it's being worked on and ideally it's here sooner rather than later. So I just want to let you guys know about that. Uh, but yeah, the market is just getting destroyed right now. Uh, 66 percent of you already saying red I mean ever since the breakdown I covered this yesterday in like a little bit of that prep show.

Oh, speaking of which, do you guys like that prep show. the Sunday prep show where the Market's not open yet and a bit of a review of the previous week. um, it's kind of a higher level view I Feel like we end up looking more at Daily and weekly charts? uh, covering like higher level topics opposed to like oh, what's exactly happening this day? Are you guys a fan of that Sunday thing. Do you guys want something else added into it? Do you want something taken away from it I Kind of like it because it I think sometimes when you get like really into like your day trades, you're kind of missing some bigger picture stuff.

So I think it's almost, um, a solid way to like ground what's going on. uh no. AMC Yet we're not really covering that because not much is going on. it's just slowly but surely going towards bankruptcy.

You still owe names. see I do. But uh, once in a while if people have questions about long-term investing or my long-term Investments we talk about it. but this the show is much more of what's happening and what's active.

nothing is going on with AMC it's just suits milking an entire retail Community for money. Um, if there's news with it, of course I'll cover it. There's just not news. if anything, it's sad to look at because it's getting absolutely destroyed.

Um, absolutely destroyed. Matt What do you think about the Cyber attack in Vegas So yeah, we? What was that one or two weeks ago of how? um, well, one of them decided to pay off. so there's two big casinos that they were arguing it was the result of some social engineering if they got some access to these systems and one of the casinos actually paid off the like Ransom to get their systems backed up it was MGM and who else? MGM MGM what was the other one? MGM was like the big name and then there was another one uh, but is still ongoing at MGM Oh wow, imagine how much money they're losing per day Caesar paid but MGM didn't Okay, so those are the two big names. Yeah, this was about a story from I think two or three weeks ago.

um at a certain point I Understand that you don't want to bend the knee to these I don't know digital Bandits if you will, but at a certain point you have to run the numbers of how much money you're losing per day and if you don't think it'll be solved before like whatever the total Ransom pavement is at a certain point, that's just like some basic math that you're like oh I guess we have to pay to get going. Um, but I don't know. crazy I There was. not only did we hear about that, but it feels like recently there's been another uptick in like crypto and crypto Network hackings as well.

So just this morning, um, minutes or something like that starts with an m uh, 200 million dollars was drained from that Network And that happened this morning. So these hackers are getting wild. They're getting real like Brazen and wild with all this stuff. But hey, I I suppose they're gonna do what they're going to do.

Um, sad situation I Feel bad for whether people involved in that crypto because they got screwed over or obviously if you invested in these companies like they're not going to be doing too hot with like the ongoing shutdown. but it's a mess. It's a mess. It's a mess.

It's a mess. Um, anyway, we could come back to that I do want to do a little bit of prep work for the market today and how I see things potentially playing out or just I guess levels of interest to me but this is a look at the S P 500 ETF spy. Obviously we had this bullish pennant lower highs, higher lows. it broke down on Tuesday the 19th and then when we got the Fomc decision and the Jerome Powell speech and also the SCP the summary of the economic projections.

the very next day, the breakdown was confirmed and ever since then, we've been continuing to have lower highs lower lows. We are just bleeding bleeding bleeding. We actually I really thought we were going to bounce at this low from Friday August the 18th, but we sliced below that close below it. Then we actually closed, but below the next important support level at 431.

And right now we're trading below 430. which is just absolutely crazy because that is where a lot of Gamma exposure is. If you guys care about like the Deep insights into options data Spock Gamma from what I've seen in terms of products available to retail Traders Uh, it's the best one. Um I don't necessarily want to talk crap on others, but in terms of like the usability of options data spot, Gamma is by far the best platform.

I Even hesitate to say it's like retail because this is what I would argue institutions are using. someone just made an Institutional level product. but for retail? Traders Anyway, my reason in bringing this up is because I wanted to show you something interesting of where we see a lot of options. Uh, right here there's actually a very, very big put wall and Gamma strike level at 4 30.

Which means if it goes below and stays below 430, there's going to be some serious players in some serious pain. Like it's going to be noteworthy. So the fact that we're below it right now I'm very, very curious to see where we actually end up closing today because if we close below this 100 430 key level, it's not only a put wall, but also a Gamma strike level like 430. I Cannot overstate how important this level is of where we close above or below today, and especially if we don't close above it.

if we end up closing below it, we know a lot of people in the options Market are going to be burned and really I think that opens up the door to a pretty quick flush down here to 425 426. So I just wanted to bring that up in terms of the overall market and obviously that's going to be highly correlated with what's happening in the NASDAQ as well. Obviously NASDAQ the next key level is basically just under 355 below from Friday August 18th and then below that I would be watching closer to 348 maybe 3 46. Uh, we could call it 347.

basically cut it in the middle there, but those are the two levels I'd be watching on the queues if it doesn't happen Now obviously in the queues and also in the Spy, there are upside Gap those. so the Spy has an upside Gap filter 438.43 So if there's some sort of bullish wave which I'm not betting on that. but if I'm wrong and we have these levels, I'd be looking up to 438.43 and then on the cues I would be looking to whatever this is at 364 for 46. So in case like just something wild happens and there's a lot of bullishness and a big push, I'd be looking towards those upside Gap fills.

All right, let's see what mainstream media has to say about this situation. Let me reload this because we noticed that the interns in CNBC are always changing what this opening article is. Sac Futures fall as the market enters last week of September with losses. Uh, so I went into greater detail in the update video from yesterday, but this is what I want to cover right here.

Come to the S P 500 and just bring your attention to the end of September. Basically I mean I've covered this a lot. So if this is new to you, you're either new to the show which hey welcome or if you listen to the show and you just this is the first time you're seeing it I Feel like maybe we need to work on a little bit of your comprehension. but anyway, uh, selling pretty hard.

This is the seasonal bias for the final one third of September. It's a rocky, bearish situation into the end of the month, and that's exactly where we are right now. So that's for the S P 500. You know.

What we haven't looked at though, is the NASDAQ the NASDAQ also September the final one third, the final one half selling off. So the tech sector the overall Market the S P 500 the final portion of September statistically seasonally does favor the Bears. Now is that by any means a guarantee? No. Of course, you could find some Septembers where the end of September is probably super bullish.

This is. there's no such thing as a hundred percent. Karen This is how it always works. but I Think the proper mindset for the market is more so of when can you play with situations that the deck is stacked in your favor? That's what you're attempting to do.

So just because the deck is stacked in your favor, that doesn't mean you're going to get Blackjack every single time. That doesn't mean every single time you're going to be dealt pocket aces. But we are looking for those times where obviously it does favor us this time around. I Do think the bearishness will play out.

First of all, we've had technical breakdowns. We have had technical patterns that are quote unquote, allegedly bullish, but they broke the opposite way. And on top of all this, we have a big big thing going on in the world of the US government. Congress remains divided on budget negotiations as Government shutdown looms.

our financial ship is sinking. so if we get to the end of this month, the end of September and this is not solved, our government does shut down. Congress is still in a stalemate on the federal budget as GOP hardliners refuse to budge on further spending cuts. So what I want to bring up about this I Believe it is all around a 300 million dollar I Guess Bill that is earmarked to go into the Ukraine an additional 300 million dollars that these quote unquote GOP hardliners are saying no, we don't want to do that so that's what's causing the quote-unquote stalemate.

Uh I don't know what to think according to Dick Durbin arguably the best name in the government right now. So that's what's going on and obviously it's going to be I don't know. I'm hoping that I have the opportunity uh, when I'm out there in LA to actually speak with the Congress member to talk about this because I think that would be a really cool piece of content like in real time. it's real news to be like okay, like which way are you voting? How do you see it? How do you not see it that type of a thing? Uh, before we get more into it, no, we'll come back to it.

Uh, just talking about the government So U.S Senator Robert Menendez his wife and three New Jersey businessmen charged with robbery offenses. So we talked about this a little bit ago because we looked into Dan Sullivan's traits and Tommy two reveals trades and at that point there seemed to be a federal prosecutor claiming that Menendez a Democrat was I don't know accepting bribery and now the whole situation is elevating to a much much higher level. Robert Menendez Allegedly agreed to use his official position to benefit um, these three people and the government of Egypt in exchange for hundreds of thousands of dollars of bribes to Menendez and his wife which included gold bars, cash, and a luxury convertible. So right now it's a ledge.

It looks pretty bad. I believe he is already stepping down from a couple of his specific government positions Menendez is so I don't know, it's not looking good at all. But update which I found to be astounding New Jersey Senator Bon Menendez hires Hunter Biden lawyer for his bribery case interesting New Jersey Senator Bob Menendez has hired Eternity Lowell allow Lau to defend against a three-count indictment of federal bribery charges Lau has also represented President Joe Biden's son Hunter on his tax and Firearm charges Lau with his attorney Menendez First uh corruption case in 2015 which ended in a mistrial. So first of all, I just want to bring up Menendez This isn't like the first time apparently we've ever heard about him.

this guy has. he already had corruption cases almost a decade ago. This guy isn't running a squeaky clean operation by any means and I'm obviously this whole thing I would argue. seems a bit curious.

it seems a bit suspect. Obviously we need to wait for the court of law to really play things out here. Uh I Hope that it's a fair and reasonable trial. I mean the evidence against him seems to be pretty damning.

Uh, if I don't know, it's frustrating. it's super super frustrating. But in anyway, we will be covering it. Uh, last week, what was it? Thursday or Friday we saw the K or I guess the announcement from the Federal prosecutors.

Uh, the thing that I thought was funny was like the little Freudian slip uh with I believe a representative from the FBI uh so feel free to watch that again I believe we cut it, but it's out there. But anyway. Insanity In the world of politics, uh, politicians across the board, we have government shutdowns. We have the overspending of money, We have the wasting of our tax dollars, We have bribery, We have alleged insider trading.

It's just this is it's a modern day Cloud show. and unfortunately the clown show is starring our elected officials who or what supposed to be running the most powerful country in the world. Truly nuts. Truly nuts.

What else is nuts is before we get into more political stuff I wanted to talk about this: I dropped my pen Code Red Alert where'd my pen go? How am I supposed to take notes and write down all your questions? So I don't forget them if I can't find my pen folks I Don't mean to cause an alarm here, but this is very much a code red type of a situation. Dude, how did my pen disappear? What? How did it get all the way over here? All right that that could have been bad that honestly folks. I think we really dodged a bullet on that one. That one could have been, uh, particularly horrible.

But anyway, the pen has been retrieved so everyone thumbs up. We can tell that it's going to be a good day. It it's gonna be a good day. The pen has successfully been retrieved.

Well anyway. you know what? No, it's not so good is. So when I was watching all the footballs over the weekend, every other commercial I saw was for the new iPhone this thing right here the iPhone 15.. and the big thing about it that I guess they had to write into every single commercial was it's made out of titanium.

Everyone acting like it being made out of the titanium is like the craziest thing ever to happen. and I don't know I it's just another iPhone product I'm sure at some point in my life I'm gonna get suckered into buying it. but what's interesting is there's a lot of famous like high level. uh Tech Reviewers like that's a big genre within the world of streaming and videos and this that the other thing.

Well, some of these people got their hands on the new iPhone 15 and this is the structural. Integrity Check this iPhone 15 Pro Max They're just snapping it with their bare hands like nothing to be honest. I did not see that one coming. You've been watching me durability test smartphones for about 11 years now and Moses Destruction.

You can hear 15 Pro Max Boom. So maybe maybe before you guys go out and buy the new iPhone Maybe just wait for them to fix it a little bit, make it a little bit more durable. Uh, that guy just snapped it with his own bare hand. So just I don't know before you go out there and what spend however much money? Just something to consider, something to consider.

All right. Anyway, bringing it back to politics and what's going on the economy. Trying to developers drop most in nine months on evergran woes? Uh, Bloomberg Intelligence Gage Post biggest drop in the year ever grants restructuring uncertainties hit sentiment. So we've been covering the whole economy economic situation.

in China it's not looking the best. the growth lower than expected, all the shadow banking issues and all the real estate issues. Uh, it seems like it's going to get a bit worse before it gets better. So if we have the idea that things are going to get worse in the U.S China Globally before they get better.

a big thing to consider is gold. and if you haven't seen gold in a hot second, it's consolidating right now. But I Do believe it's going to be breaking out somewhat soon. So I'm not necessarily jumping the gun and getting into gold at this exact moment because it's just still consolidating.

but this is GC is gold on the Futures Market gold Futures Right here. So very, very liquid instrument. But anyway, we gold was ripping for the end of 2022. Most of 2023 recently had a trendline breakdown, then lower highs, higher lows.

obviously another foliage pennant. Now we saw the bullish pendant recently in the Spy and remember it didn't play out in the favor of the Bulls. So I'm in no way guaranteeing that this will, but judging what's going on right here, especially with the U.S government shutdown potentially in Focus I'm waiting for the breakout and close above this trend line to see if there's a reversion back to potentially an all-time high. Anywho, Chinese gold buying is driving a paradigm shift in the bullion.

So I went in far more detail about this yesterday, so feel free to kind of re-watch that. I think it was about 45 minutes, but we did a specialty football Sunday breakdown of the major things and major I guess just like themes, motifs of what we're seeing in the market right now. and with gold, something to watch? Uh, I guess I don't want to like, seem over zealous or over exuberant. but obviously, if you've been paying attention to the market for any amount of time, if you've heard any old adages for gold, you know that it's kind of a flight to safety.

So when people are feeling a little bit more uneasy about the current situation, a lot of them turn to Gold just to park their money there. Um, so something to watch I Just want to put it on your radar. Uh, I was just tagged in this right before the market opened. Shout out to: Bilbo I Don't know if you're in here right now but wild Development coming out of Canada um I Don't know how many of you guys have seen this, how many of you haven't seen this, but right here.

Nazi Linked veteran received a standing ovation during Zelinski's Canada visit. So when Politico is even kind of saying, we don't know how to spend it that much. that tells you how bad of a situation it is. he was worn.

Waffen SS Soldier that is far more than merely a link. Um, so obviously it already got community noted. Uh, but no, like a true Nazi they gave a standing ovation to this is what's going on in Canada Right now we have here in the chamber today: Ukrainian Canadians Ukrainian Canadian World Veteran from the Second World War who fought the Ukrainian Independence against the Russians and continues to support the troops today even at his age of 98. a literal Nazi like actually a straight up Nazi who's in Canada because they plead like a lot of Nazis led to Germany after they lost the Second World War like this isn't some Black Mirror episode or anything like this.

Just recently past couple days they gave a standing ovation to an actual Nazi like it's not even disputed that he's a Nazi and uh, I Was going to say he's in the gallery but I think you beat me to that. but I'm very proud to say that he is from North Bay and from my riding of Nipissing to Michigan this is so wild. A Ukrainian hero a Canadian hero and we thank him for all his service. Thank you calling him a hero and thanking him for all of his service.

I do have to a second one. This there's Fredo and Zelinski like this is such an awkwardly bad look. Insane. insane, insane.

All right. So more details on that. Just so you know, I'm not screwing with you here. Uh Zielinski Trudeau on our 98 year old Ukrainian World War II veteran who served in Waffen SS What is the Waffen SS The Waffen Essence was the combat branch of the Nazi party's paramilitary Schwarzstaffel.

the SS organization. its formations including men from okay, so it's literally a military group for the SS arm protective. Squadron was a combat arm of the shutstoffel commanded by Heinrich Himmler who is ranked Roth Reich Reichfigure Zielinski. What are all these articles Zielinski joins Canadians Parliament Ovation to a 90 year old veteran who fought with Nazism man was that says Gala Chinna, a unit whose history was whitewashed by veteran groups in the West Truly crazy, truly crazy he was a soldier I Mean you get the point.

We don't have to go into all the details. Feel free to fact check me on it. I mean I think Twitter's doing all the fact checking right now. Uh, it's insane I I Cannot believe that that happened so just want to throw it out out there all the hubbub of what's going on.

But generally when you're asking the US and Canada for money and support most of the time giving a double Standing Ovation to a Nazi member. Probably not the best look, probably not the best look. Amazon To invest in up to 4 billion in Anthro, Anthropop and throw Anthropic is how they're saying it. I'm almost confusing it with some of the clothing brands Anthropic Uh, arrival to Chachi BT Developer Open Eye AI Ecommerce Giant Amazon on Monday said it's going to invest up to four billion dollars in artificial intelligence firm Anthro pick to take a minority ownership position in the company.

so almost similar to the way that Microsoft got involved with Open. AI The move underscores Amazon's aggressive AI push as it looks to keep Pace with Rivals such as Microsoft and alphabets Google The two firms on Monday said that they are forming a strategic collaboration to advance generative. AI with the startup selecting Amazon Web Services as its primary cloud provider so just wanted to share Amazon especially because in the breakdown here, the free Weekly Newsletter sign up at course.locals.com I did call out Amazon of how it actually was starting to break down, so we'll just take a look really quick at its chart. Uh, this actually might be a piece of news that pushes it back to the upside.

So really, if you like the news, if you think the Market's going to react well to the news, you might be looking at the upside Gap field to 135 20. I Don't know if I would hold much higher than that because clearly it did break down from this trend and if anything, I'd feel a little bit more comfortable about 126. But anyway, just because I recently spoke about Amazon and what's going on there I just wanted to bring that to your attention. Another piece of positive news: Hollywood Writers and Studios reach tentative deal to end strike after nearly 150 days.

Now remember, in the world of writing and acting, there's actually two strikes going on. There's one is the writing Guild and then the other is for actors. So the writing portion of it seems to have come to at least at this point a decent solution or a solution that we hope actually ends up sticking. So, a piece of positive news there.

Hollywood Scribes initiated a work stoppage in early May as negotiations broke down in studios including Disney Paramount Universal and Warner Bros Discovery. Talks between The Writers Guild of America and the Alliance of Motion Picture and Television Producers resumed last week. After months of starts and stops, The Wga and the Amptp are still drafting the final contract language and here's more information on it. If this ever uploads here we go.

So we got these reports of a breakthrough. What do we know at the moment with regards to the writer's Guild of America and to stand off with the alliance of Motion Picture and TV producers? Well news, and you know there had been expectations of a resolution of this five-month-old strike in on Thursday that didn't happen. Then going into the weekend, there's been five intense days of negotiations between both sides. There were expectations for Saturday and that didn't happen.

and then late Sunday uh words started leaking out that a deal was very close, that there was an agreement in terms of principle, and they were hammering out the wording. Now we have word from the Screen Actors Guild that there is indeed, uh in agreement and uh, this is for 11 000 screenwriters on a new contract. What they had been looking for, of course, was more pay. They also wanted a greater share in streaming services and, uh, most importantly, they wanted assurances regarding AI artificial intelligence how the studios might use that to perhaps write screenplays and eliminate the need for right writers.

So that was all very front and center in these negotiations. We do know that actors still remain on strike and it doesn't mean that Hollywood goes back to work right away. There still has to be the Guild voting on the terms of this uh and other technicalities. All right.

So a little bit of an update there. Not completely done, but making some solid progress. so I Just wanted everyone to know about that. Five things to know before that stock market Bell Goes today Monday September 25th obviously the final week of trading in September Let's hope it's a good one.

Uh, cloudy days in September Just talking about how the market is pretty much getting rocked. This breakdown this close below was: The Telltale sign of more to come? Uh, obviously. I Want to look at how things are positioning themselves in the options? Market But with such heavy options trading like centered around 4 30. That tells me a lot of people could get seriously burned if we get below where we are right now, we are below it.

we're at 429 if we end up closing below it. I Think it opens up an easy easy shot to sub 426, but obviously time will tell. I'm I'm more so interested in waiting for the first, um, roughly like 30 minutes of the trading day to really play itself out just so we can see what is or isn't hap happening so just wanted to bring that up. Obviously they're if you're just joining right now.

We went into more details of the breakdown levels playing this, so um, I'll just commentate on it as like the market actually gets rocking today. Shut down, threat looms talking about Congress The U.S government system is a sham Hollywood Writers make a tentative deal solid Amazon Bets big on the AI rice for me over the next decade or two, not necessarily calling out an individual company but I think AI bets anything taking it within that Universe uh whether it's super Upstream of just even the precious metals that are needed to make these processing chips. the designers such as arm the actual manufacturers such as Nvidia um or even more. Downstream If you look at analytic companies that are going to be using this or data centers like this whole industry is one that I think I'm particular like not I think I know I'm very very bullish on for the coming decade or two, so definitely a big fan.

Credit card losses surge. Credit card companies losses are rising at a rate not seen since the Great Recession According to Goldman Sachs current losses of 3.63 have jumped 1.5 percentage points from the bottom of September 21 according to the bank only expects of those losses to climb further. The estimate that comes in time Us credit card debt tops 1 trillion. What is this one? this is.

Actually, don't forget that. Yelling tells us there's no signs of a downturn or recession. Goldman Sachs Predicts credit card losses will continue to climb through the end of 2024, early 2025.. Uh, what is unusual is that the losses are accelerating.

Outside of an economic downturn, credit card losses currently stand at 3.63 up 1.5 percentage points from the bottom. Whoa. Uh, so maybe not the time to I I've myself am not really trading. um, like Capital One or Visa or Mastercard or discover I didn't realize that they were hemorrhaging this bad.

Wow, huh? 1 trillion. We think delinquencies could continue to underperform seasonality through the middle of next year, and we don't see losses peaking until late 2024, early 2025 for most issuers. Oh wow. In our view, this cycle resembles the characteristics of what was experienced in the late 1990s.

somewhat similar to the 15 to 19 cycle where losses increased following a period of strong loan growth has seen similar pace of normalization thus far. This cycle? Oh well. that's a bit brutal, bit brutal, bit brutal. Now the final thing that we need to go over.

Uh, obviously right here. If you're not signed up for the newsletter, sign up Macquares.locals.com It's in the description of the video. It is free. You don't have to pay for this.

I Give you a breakdown of what happened in the most recent week and what I'm looking forward to this upcoming week. All the major macro economic events for today: Monday September 25th. There's nothing on the list because there's no major macroeconomic announcements today in terms of earnings I call out the major ones that I think are going to be most interested in and maybe for you, most importantly, the seasonality and this brings me to Monday September 25th. The Bulls have won this day historically over the past 25 years.

only a third of the time, as in today, strongly favors the Bears. This is the equity curve of buying at open selling. It closed on the S P 500 over the past 25 years. So basically one trade for the entire day and if you did that, obviously you'd want to be on the bearer side because the bullish Equity curve is not looking good.

And then on top of that I Give a breakdown of the most recent option strategy call outs the zero DTS Went six for seven last week. It was about to go seven for seven, but the end of the day sell-off in the Spy If you held it all the way till close, you would have been burned if you managed a bit earlier. Well, then you went seven for seven that week. So once again, this is all in the newsletter if some, if this interests you.

uh, Maccoors.locals.com it's in the description of the video. but most importantly, while we're talking about it as the bell's about to go dingety ding ding ding on the day, shout out to today's stream sponsor Streepy! Now there's a lot of things you can do with Street Beat. First of all, it's an investment broker and it does not participate in payment for order flow. So if you're buying and selling the stock the way you would normally do on any brokerage, you don't have to worry about them getting kicked back from market makers such as Citadeliver 2 because they don't accept payment for order flow.

But really, that's not what I personally believe makes Street Beats stand out. Street Beat stands out because it's the only Quality Tool I see that allows its users to actually take advantage of AI specifically chat GPT to come up with their own trading strategies. On top of it, there are some pre-built ones from the fancy schmancy smart people at Trippy and out of the pre-built ones. By far by far my favorite one is that track the one that tracks politicians.

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That's by far my favorite. There are other ones there I myself have money in that one and also some of the other strategies I also built some of my own but anyway this is pinned to the top of chat. it's in the description of the video or you could just download. it's on the Apple App Store it's on the Google Play Store It is free to download and then you get a one month trial if you use for free.

If you use the code map personally, I would say check out the US Congress ones because I don't know. Just going into an election year and all the craziness of politics and shutting down not shutting down Briber is this I Think it's pretty interesting to pay attention to, but hey, that's just for me now. One question: I commonly do get and this is just kind of a recent development. Wish repeat.

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Um, show them a little bit of love pinned to the top of chat in the description of the video. But obviously, most importantly, when you download it, it is free to download. Use the code Matt M-a-t-t these four simple letters and actually two of them are repeats, so only three unique letters to get yourself a 30-day free trial. Check it out.

Check it out. Check it out. On that note, I Just want to make sure there's not anything we're missing big. Before the Market opens, things are not looking good.

The trends to the downside. This is the Futures Market Things are looking brutal. Things are looking Brutal. Brutal.

brutal. Um, what are you guys thinking for? Market Open. You guys voted Bears. You know what? I'll take your trade today I Will take your trade today.

Time frame One minute. Let's see if we could do an easy peasy out of the gate. Quick. One hundred dollars.

What time is it? Um, hang on. let me switch you guys over so you can see the silliness that I'm doing. Uh, full monitor. You have this all right.

Where are we at Market is closed today? No. it's definitely opening. It's definitely opened and well, it's gonna. well.

It depends what marker you're really looking at. the Futures Market's already ripping, ripping, knitting. This is the NASDAQ and I'm just waiting for this to say 9 29 where I have a minute to go. You guys voted Bearish.

You've never led me astray except for all the times that you have led me astray. And I think this is the Smart brother. All right. So you know what? Let's go for 250 out of the gate and let me just move this risk up here just so that doesn't get randomly tagged so it doesn't get randomly tagged.

All right? So I took a quick short position on the NASDAQ markets about to open going for this 250 dollar Target and then the other one is right here. Am I connected to the right. All right, let's see if we can double dip on this one. All right, Sell Market Order filled.

Uh I'm in that 46. bye order submitted right? So I have the sitting orders for everything that I need. Let's just see if we could take advantage of the volatility out of the gate. Let's get going.

let's get going. Uh oh well, that's going the exact opposite way that I needed to. dingity. ding ding ding.

The casino is open. Best of luck to all. Play responsibly. If not, don't forget that it's all fake and doesn't matter.

Anyway, all right. Well, the opening burst of volatility didn't go in my favor, but maybe it will in a second. What is what's going on here? Oh, it got really close to getting me my fill. I Just was off by a little bit.

Well, that's a huge bummer. Not the arguably not the best way to start out today. I Was hoping Why? Why did 63 percent of you tell me today was going to be red? Does anyone want to answer that question for me? Perhaps per chance any of you want to explain to me why you just lied to me. Absolutely.

You tricked me. You bamboozled me. you Hoodwinked me dare I say it. Well anyway, um, obviously randomly like basically flipping a coin there and I went bearish and obviously the market popped so that's a bummer.

So here's to hoping it turns very, very quickly. Uh, but if it doesn't, I'll just obviously blame you guys. Um, this is how it works. either I hit the trade and I make a bunch of money and I take all credit for it or I'm wrong and I just blame you.

So for me, it's not really like a situation in which I could lose here. We go here, we go. give me the money. All right, back to break even back to break even on this one.

Here we go. Come on. just go for it. Go for it brother.

Let's go. let's go. Let's go for this. Rodeo There we go.

Hee-Haw Let's go 250 out of the gate I Know I know maybe it only took a minute minute and a half today. That's cool. There we go. Bada bing bada.

Boom. That's how we do it in. New York So we did that one. Did this one hit yet? not yet.

not yet. Let's go two for two. Come on there we go. Come on.

Come on. Bring it home. Bring Nope. Bring it home.

Bring it home. Let's go. Let's go one more. Let's do this.

Let's do this. There we go. Oh, there we go. 200 locked in.

So 200 locked in on this account. Uh, and then obviously 250 locked in on this account. Dude. trading is so easy.

Like seriously, the fact that people have issues with it, they have issues with it here. Let's celebrate before. I Have to apologize Ugh. I Have to sign back into this account I Don't know why.

Uh, is this the account I'm trying to get the right sound board up we've had. We've made way too many soundboards. There We go. there, we go.

Wall Street Wall Street Trees Wall Street History There we go. That's how you do it. So we're two minutes into the day already made. 450 dollars easy peasy, lemon squeezies.

We don't need to over complicate it. Um I know I Know things were testy for there. For a second. you came into the day confident, like just refreshed, relaxed, really honed in to the Matrix that is the stock market.

I Get it all weekend. You guys were just pouring over charts. You got the appropriate sleep. you obviously went to the gym.

you crushed the stair stepper. Everyone came in feeling good. myself included I was right there with you. So there we were at.

9, 29 a minute to go, 60 seconds until the world's largest casino open. And I think we all felt a little overzealous about today being a red day, a bearish day, and obviously you guys ended up being right and I have to admit In the Heat of the Moment as there were the we'll say figurative bullets flying by my head and in this case it was obviously the bullish candles. The green bull candles to the upside I myself felt that pressure I felt the heat of the kitchen if you will and I may have said some things and only the recording will show this. I may have said some things that I wish I could take back at this moment in time.

So my apologies if I said anything along the lines of you guys are all liars, you're all paid off, chills, you're dumb and you don't know what you're talking about. If anything in that realm just understand I didn't mean it I was saying it because I myself like it was just a crazy emotional mullet like moment. so like I'm sorry about that I truly truly am and I would like to say I'm sorry and also I want to take it to the next level and show you a bit of gratitude I'd like to thank you for the 450 you guys made me. You know technically I could have made the money to the upside or the downside this morning because there was a pop, then a drop.

but I think you guys were really the emotional grounding that I needed to get through the that particular trade. So thank you thank you thank you thank you A mullet. An emotional mullet I Feel like an emotional mullet today, but apology accepted. Thank you I P I appreciate that tracks Trex just because you're so nice and you're giving me a lot of leeway today.

I'll look at Meta for you. hey, it broke down. try to save itself, made a fresh low finding its way back up. If Meadow were to stay above this 274 level and basically take out this 313 level, we might look and be looking at another battle of 325 326.

So hey, we'll do a little bit of a Meta breakdown for treks there. I see some people talking about Tesla Tesla's getting Merc I mean I Talked about this here once again. Um, folks, this is why you want to get on the newsletter. The newsletter is the coolest thing you could possibly be doing with your life right now.

and it's free. You don't have to spend anything but I did do a Tesla breakdown and let's see exactly what I said about Tesla Tesla broke its bullish Trend I'd be watching in order 240 230, then 217.58 Next, there's an upside Target of 262.59 So that's the upside. Target if my call out is wrong of what the upside, Gap bill would be but what I'm watching is 240, 230, 217 58. So here's a look at it.

basically why I called out these levels is because they're inherently like it wasn't just the round dollar value, it's because we saw some support there. resistance support roughly 240. Uh, we saw some. um, actually this Wick it got its upside Gap filled, then support support bounce off of it 230 and then below that you have this downside gaffle to 217.58 in the short term Tesla's looking rough.

It is looking rough. Uh, in the long term I still love Tesla but if I were looking to invest I wouldn't be doing it right now just because it put in a lower high and it's getting destroyed. and I want to see how it reacts to this level down here. So in the short term I'd be a little bit more bearish.

but in the long term I still think it's going to be a wildly successful company, but coming out of the game a bit of weakness. Nvidia is another one that it's clearly below its trend line. If it cannot hold this 400 to 403 level I think we're then talking about 375 and then I think we're talking about 366 higher highs, higher lows. If it goes below 400, then we'll have not really higher highs and higher lows.

We'll have higher highs and lower lows and that's more so referred to as a microphone pattern. It means like it's getting more volatile, the swings are going higher and they're going lower, and in this case I Just don't think it could forever hold this Gap that it created after its earnings back in May of 23. Um, once again, it's another company that like Tesla I think in the long term is going to be wildly successful I Really do. But that doesn't mean I think every single day, every single week, every single month is going to be amazingly green.

No, that's just not how it works. Even the best companies have considerable drawdowns and that's what. I'm not even looking for a considerable drawdown on