Thank you Foreign thank you Oh my little brother oh brother. Good morning, Good morning, Good morning, Wake Up! New York Good morning, good afternoon, good evening, good night I Hope you're having a good one today. it is. Monday August the 28th.

We're wrapping up the month of trading this particular week, which also means that we're gonna have quite a bit of macro economic announcements and volatility. With the backdrop of everything else going on, our rates going up. Are they not going up? What's going on with the Jackson Hole and Jerome Powell and this thing and that thing and the other thing I Hope you guys are ready for a good one. I Hope you are ready for a good one.

Ah folks. I'm ready I'm ready I'm ready I'm ready. Uh, we have a lot to talk about. Of course we're going to be getting into what's going on in the overall.

Market The major news, the updates, the seasonality, the trends, the numbers, and we'll get into some stories about some individual things as well. Obviously I Know this week is particularly big with the people who are paying attention to AMC in one way or another. Whether you're long or short, have bonds, have options. Uh, I Know there's some volatility there, so we can be getting into the most recent stuff.

Um, man oh man oh man. I Think it's going to be a fun, fun week. Hopefully it's a profitable week, but I think there's going to be a nice amount of volatility now before I Get into that. First of all, shout out to today's stream sponsor pinned to the top of chat in the description of the video Street Pete When you're signing up, use the code Matt and that'll give you a free one month trouble trial.

Excuse me? The code is M-a-t-t Use the code map pin to the top of chat in the description of the video. More on them in a second before we really get into all that crazy stuff I need to share a story from over the weekend I Promise I won't um like this won't take up that much time. but I think it's an important story nonetheless. So I was at a wedding this weekend in New York and it was a beautiful wedding I Highly doubt anyone from the weddings watching this show so if you are shout out to you.

It was nice to meet you at the wedding but I was at this wedding Beautiful wedding it was in New York uh I was at this like big Botanical Garden thing and this is important for the story because one thing that also happens to be at Garden are bugs. And for those of you who don't know, there's like a lanternfly infestation in some parts of the US right now it's an invasive species. They're like these little gray black things I think they have like either redheads or red abdomens. Um, side note side note side note side note: those things like has anything ever gotten a nation to come together more than murdering these little bugs like I Don't know if we've ever rallied behind a certain cause a particular cause more than murdering these bugs.

no matter where you go, it doesn't matter your race, your gender, your Creed or anything. Everyone is more than willing to murder these little bugs. Now if you live in an area that you don't have these bugs, congratulations, Uh, because you don't have to deal with them but you are missing out on like a very interesting like social coming together like ever you could walk. It doesn't matter, it doesn't matter.

You could be in any place. if those bugs are there and a group of people seems you just start. you just start killing them together. you just start stomping them out like I Was on, uh, an elevator yesterday and it came in on someone and someone's like don't freak out, there's a bug on your shoulder, complete strangers, They knocked it down.

Everyone looked around and it was just like a full-on like just elevator crowd like we basically curb stomped this one little bug together like a full elevator full of people. So anyway, I'm at this wedding. Beautiful wedding. We're in this Garden which inherently also means that there's some bugs, but it wasn't really that buggy.

So they do most of the ceremony. Everyone's sitting there like obviously they played the music, They walked down, they gave some nice speeches, and now we're getting to the the good stuff. We're getting to the fireworks of this situation. So the groom went first I Don't know if that's normal, but this is what happened at this wedding.

The groom went first, he gave his vows. they were awesome I Love you. You're the best person I've ever seen in my entire life. If you ever get lost in mind, body or soul I will find you.

It was beautiful and then the bride the bride to be at that point I guess because they didn't say I do quite yet, she sang her vows. once again, very articulate, very beautiful, and she's about halfway through her vows and the guy in front of me I See a lanternfly? one of these little Lantern bugs. It's on the back of his suit and I'm sitting right by my buddy and we see this. We see this bug and we're kind of like look at each other and we're like uh oh and it's climbing up the back of his suit so he can't feel yet because it's a little bug and obviously we're all in suits and we're like uh oh, this is making a B line for his neck.

Now we've all had a moment or two in our life where out of nowhere you feel a little creepy crawly on your neck and you freak out because it's freaky. All of a sudden, do you feel like a little insect on the back of your neck? So we're watching this and I don't know what was going on in the cosmos that day, but this was a crescendo of emotion. The bride-to-be is winding down in her beautiful vows. She's about to hit us with like the one-two punch climax of like why she loves her husband and very excited for her life.

This is about to be like the the major aspects of the vows like we're coming to the end and that the timer is ticking down on her finishing her vows and the timer is also ticking down on this bug about to touch the dude's neck. My emotional state couldn't handle it. my heart was beating out of my chest because all I could imagine is like what if this bug touches the back of his neck and he like screams or does something right when she finishes her vows man I Don't know if I've ever been more amped up in my life I was sitting there palms sweaty perhaps my mother's spaghetti and it just kept going and going. nervous as could be and I was sitting there and I'm watching it and I'm watching it and I'm watching it and I'm listening.

So I see this bug climbing. The vows are coming. They're coming. She's about to be done.

the Flies the little lanternfly thing's about to be there. And then it happened and then exactly what I was fearing most occurred as she was in her concluding statement. That's when this little creepy crawly put one of its many legs on the back of the neck so he was basically right on the suit collar. and then the little creepy fly thing took one of its legs, one of its dangly little legs and just touched the dude's neck.

But unlike me, he did not scream like the little girl. This grown man acted like a grown man and now the peep was made. He literally just took his hand and went just like that. That is the calm, cool, collected nature in the face of adversity in the face of just a creepy crawly thing being on the back of your neck that we all need to emulate.

Today, when this was all playing out, my heart's going easily 180 190, 200 beats a minute. Maybe we're clocking in at that speed per half minute? I Don't know. So I needed electrolytes I was sweating out so much salt, my heart rate is there I Felt like I just ran three marathons back to back with a barbell and the vows were happening. and then this dude in the face of all insanity, he's like hmm oop, gone just like that.

just like that. Honestly could have been the one of the most trying periods of my entire life and this guy is probably not even a thought. Here we are Monday morning and to this guy, it's not even a story. it didn't even stick in his brain.

He handled it with such Poise with such ease. This was stoicism at its highest level and he was just so calm, cool, collected, and I just all I could think about was man, if we had the ability to be like that in the market, we'd be so much better. So much better. And honestly I think my heart's still a little jacked up now that I'm recounting now that I'm pontificating upon this moment with all of you, my heart's still going just is The Vows the bug I don't know what was going on and I I was fearing the worst, but a true just like his his emotional state, he was just like a gargoyle.

like he was just so steadfast. He was the captain of his own emotional ship. If you will, I think that's probably the best way we'll call him. we'll call him Captain Kirk because he was just he was just crushing it, crushing it.

So I wanted to share that with you because I think it all. it'll either resonate with you. when you're trading today, you're like okay I need to be like Mr Bug Guy or you listen to the story. Now you're at the point in the show where you're like wow I just wasted 10 minutes of my life listening to that kid.

Uh so I hope it's the former I definitely hope it's not the latter, but if you feel like you did, just waste 10 minutes of your life. if you feel as if I stole 10 minutes of your life and you're not gonna get it back. um, my apologies I'm sorry I'm I'm sorry that you feel that way, but maybe I'll have a another story. it was actually a pretty active weekend.

um I wish I could give you a piper update but she is not here right now. Yeah, she's definitely I don't know. she's probably napping or something. so maybe Piper Piper update later on.

but uh I was gonna show her off to you just to be like oh I hated that story but at least I got to saw see a kitten but I can't even offer that to you. So in all reality, to some of you, we might be starting out the show pretty strong into others of you. Um, well I can't promise it's going to get much better. I was about to come up with a witty quip to keep you guys enticed to keep you on the hook of this particular show.

Um, but I I can't I just it's gonna be what it's going to be I don't like to set the bar High because I just don't want you guys to feel like jostled in any way physically emotionally spiritually if I over perform or underperform. So let's set the bar low and let's just successfully hit that bar I Want you guys by the time you're leaving today show to be like okay. he did what he said he was gonna do. It was not good, but it wasn't bad.

He just kind of did it okay. so I think that's a a perfect a perfect segue into what's going on in the Market Stock features rise to kick off the final trading week of a rocky August Not Rocky like the dude who beat the Russians in the boxing match Rocky as in just not so Bueno So if we go to the first day of August here, um, thus far we are down 3.9 percent. If you count pre-market trading, we're down 3.44 pre-market A little bit of a gap up, which obviously to my statistics quant-based traders in here. You know there's a pretty decent statistical chance of getting the downside.

Gap Filter 44130 today. Not a guarantee, but good chance of it. August hasn't been that good. We know from a seasonal perspective August is usually neutral.

A little bit of bearishness at the start, a little bit of neutral throughout most of it, and right at the tail end there is a bit of a seasonal upward push. It doesn't happen every single August But if you look at the past two to three decades worth of training, yeah, the final week of August does tend to favor the Bulls. Now I'm not sitting here promising you that if you YOLO your entire account into one week call options far out of the money, it's gonna pay off I Hope it pays off for you I want you to make that money. But folks I don't know I don't even know what I'm having for lunch today.

You think I know what's going on in the market this week? That's crazy I don't I don't maybe I have hummus. Maybe I have those little Pretzel Thins perhaps maybe I have some leftover London Broil that are reverse here to Perfection last night. maybe that's in the refrigerator I don't know. You can't come to me asking me what's going to happen in the market this week when I don't even know what I'm having for lunch today.

Maybe I'm not even gonna have lunch? Maybe I'm gonna do intermittent fasting a little bit more. Seriously, that thing that I tell everyone I do. but we all know I'm not actually doing it because that's silly I like food too much, but who knows? who knows you guys Jones that's so nice of you shout out Anyway, the market hasn't been the best. Um, obviously I'm watching the deck the gap down fill to 441 30 if you're paying attention to the Spy If you're looking at the cues, there's one.

It's roughly the same size too. 365 74 about 75 cents. So both the spy and the cues are a little bit of a gap up. I'm watching for the downside.

Gavil I Don't know if it's gonna hit today, but I know the odds of it are relatively High Uh, we also if we get going today, I'll be watching the queues at 370 and on the Spy I'm kind of interested in this 443 level roughly a dollar above where we are right now and then past that. Obviously we have the high from Thursday of last week which also happens to be the high of the week I believe this is Thursday yeah, the 24th. so watching 445 on the Spy So anyway, things are looking good right now in terms of pre-market action. but I do want to take a second to step back and talk about really what's going on in the overall Global picture and I know I've been beating this drama a little heavy for the past month or two, but I think it's that important and I do think it's worthwhile of how China's economy is not trending the way you would want it to be trending if you're bullish, if you happen to be bearish, you're going to love this.

This is going to be music to your ears, but China's worsening economic slowdown is Rippling across the globe Asian Economies are taking biggest hit to trade so far. Following prices in China may help curb Global inflation. so this is a pretty good write-up I implore you guys to all check it out, especially if you're looking for something to read today. It is a good write-up on Bloomberg Obviously this is the title, but uh I think we can get pretty much the same information from this.

Here we go: Uh China's 5.5 stock rally Fizzles in blow to Market rescue effort authorities cut stamp Duty Margin ratios for leverage trades Chinese Stocks are among world's worst performing in August So I think this does a pretty good job at explaining the current state of things you calling on me absolutely and the stock market kind of seen as a proxy obviously to the economic woes seen in China You can bring up a number of different stock charts to show that it's down about eight percent the CSI 300. Uh, down about eight percent over the last uh month. Uh, it's down about 12 since its peak this year on July or excuse me January 30th and down 36 since the peak that we saw back in February of 2021. Uh, through the pandemic down 36 percent so it's lost a third of its value.

Uh, so that again is a kind of a proxy to all the weakness. But then the news flow has been very negative. We've had the ongoing property sector uh, problems. We've had trust and of course we consumer sentiments.

So domestically there's a mattress mentality. People are sticking their money under the proverbial mattress, not spending, not buying stocks and then foreign investors are not buying into China Because of slew of weak news and also weak sentiment and geopolitical concerns you've had. had foreign investors into China being net sellers for 13 consecutive weeks Uh, through, excuse me, 13 consecutive sessions through Wednesday That's the longest streak ever, so you can see all that is anecdotal but also very data driven evidence that the Chinese authorities need to do more. And that's what they've done.

Two different agencies coming out with easing measures. You have the Ministry of Finance coming out and saying we need to invigorate Capital markets and boost investor confidence. Uh, to say the least for sure. So they're going to be cutting as of today, the stamp Duty by half from 0.1 percent this is on stock trading to 0.05 percent whether that encourages the largely retail Market In China to take that money out of the mattress and put it into a falling knife that's yet to be seen obviously.

Then we also had separately the Csrc, the Securities regulator saying that because of recent marketing conditions uh, it is essentially going to at least temporary, really put a moratorium on new initial public offerings. It didn't give in the it didn't give the reason as to why that might boost the market, but obviously it doesn't do a lot for sentiment when new issuances perform pretty badly. Also, it kind of keeps money from flowing into out of fundamental stocks and into uh, these new issuances. So a couple of moves by authorities in China to try and stem that route in stocks Is it enough though? Again, that's the big question.

And of course we had industrial here. That's a good pause. And speaking of being a little bit more. I Guess picky with where you're putting your money and is it the best time to deploy all your money right now? Because don't forget, cash is a position too.

You don't have to be invested in the market if you don't think it's a good time and that's what we're seeing from some players. Warren Buffett may be bracing for a recession of Michael Murray's latest big short is a good move says top Economist Steve Hankey Hank Hanky Hanky I Don't know. Uh, so Warren Buffett I Could summarize this very very quickly: Warren Buffett is sitting on a record money pile around 147 billion. You don't have one of the world's best investors sitting on that much cash unless they're just waiting for a prime opportunity to strike.

And obviously, by his definition, this is just not a time. a prime opportunity to strike. Berkshire Sold the net 8 billion that's billion with a B of stocks and sloted space of BuyBacks last quarter, it's working at 13. Rise in the money pile to a near record 147 billion.

So Buffett He likes to buy things on discounts. He likes to buy a quality, fundamentally strong businesses and corporations on discount. And right now the fact that he's just sending on so much cash. and actually he's on top of that selling stock telling you that he thinks things are a little bit overvalued.

Now, obviously, he plays a little bit of the longer game. He's not a day trader by any means, but just want to share that with you because obviously, well respect a guy who definitely has the ability to move markets. The other one who I don't know if he's as well respected, but a lot of people talk to him or pay attention what he's doing. is this guy burry? uh, you know the guy who's also Christian Bale in The Big Short movie Now He recently made some headlines because people were starting to point out the quote unquote One point I think six billion dollar bet or something like that.

How big 1.6 But remember, that's notional. and when you're talking about a 1.6 billion dollar bet in the options, Market If you're buying puts, and the notional value is 1.6 billion, that means that's how much money it would cost you to exercise the entire position. In reality, it's roughly a hundredth of this. and if you look at how much he spent he spent, he didn't spend 16 million.

It was a little bit higher. He's a bit underwater right now, but it's in the realm of 20-ish million that he million that's within. M He spent 20-ish million on this put play. It's not like he actually took all of his hedge fund and just clearly bet against the market.

So notional value the way it's reported here. That's how much you would have to pay if you exercise the entire position. So he's actively betting against the market right now while we have. Warren Buffett Who is more so saying hey, I'm happy to sit on a bunch of cash and continue to collect all of my dividends.

Now if you ask me in terms of like this, medium-term call out I don't think it's that crazy I Think this rally that we've had from October of 2022 until now is a little bit much. Uh, obviously it could keep going like I'm in the short time frame I'm not saying like that. The recent Peak we saw which was what in Late July was the peak of this year. No, we could totally keep going.

But when I see things like Nvidia that are trading at a P E ratio over 200 Uh, trading at a revenue of like 40x trading at a price of 40 exits Revenue Yeah, I think there's a lot of things that are overvalued I think Tech is specifically overvalued I think AI is a bubble I think real estate's currently in a bubble I Think there are these bubbles, but that's not like a special call out by any means because even if you identify a bubble, that doesn't mean it's about to pop, it could easily keep going. So with me in my long-term account, it's kind of that Button Buffett-esque Mantra of by the quality things you want, attempt to buy them on discount and understand you're in it for the long haul. That's it. So for me I rarely check my long-term account I buy the things when I think they're cheap and then other than that, it just sits and sits and sits.

Now in terms of active trading, that's a completely different thing if you think the Market's going to go up or down in the next six months. What does that have to do with your trading today? If you're day trading today, if you're swing trading today, what's the point of you having a multi-quarter a multi-year thesis like that's two different time frames for realistically two different accounts. It's two different mindsets, like you have active training and one where whatever the day-to-day movement really does not have anything to do with the big picture and then obviously vice versa. You're long-term investing just if you have like one red day this red day here, let's just say Thursday August 24th on this buy.

That red day has not much to do if you're for the long term invested in the overall market. so understand like there's many ways to make money. You can make money as a long-term investor such as Warren Buffett or you could be trading in nanoseconds like a high frequency Trader So like, just understand what time frame you're attempting to excel in and focus on that and this isn't one of those things like we're a one-size-fits all that. I will never, ever accept that argument.

It's what's appropriate for you. How much time can you dedicate to the market? What fits your personality? What your account size? What are you even personally interested in? There's so many ways to do it, and there isn't like one optimal way to do it because it's more of a personal thing. But I just want to let you know what more of a swing Trader I would say he's swings positions and I'm referring to bury here while Buffett on the other hand is obviously just a long-term investment I Just want to let you know what's going on with all that. Traders have S P 500 comebacks fading at historic Pace On track for the first month since 2002 with no back-to-back games.

even Nvidia's blowout forecast couldn't snap the streak. Surprised that the S P 500 swung into the green on Friday Don't worry, just wait. it'll fall again after the next opening bell. That's been the August Trend at least thwarting any effort to revive the U.S stock market rally since it stalled early this month 19..

that's crazy. Trading sessions have come and gone in August without a single back-to-back game in the S P 500. If that continues, it'll be the first month without two consecutive updates since May of 2010. in the aftermath of the global financial crisis.

So it's not like we've had a horrific sell-off this particular August But the records it's attempting to break are not the most bullish ones. so I guess on that note, this is the perfect time for me to interject a question that I always do. Right now, we are getting a bit of a gap up and I do want everyone to know that on the spy in the queues and probably even the Russell I don't know if it exists there I kind of stopped tracking the Russell Anyway, there is a downside Gap though. but my question to you is from Market Open Which is the bell's gonna go dingy ding ding ding in about two to three minutes from Market open to Market close.

Do you think we're having a bullish day? A green bar day? Or do you think we're having a bearish day? A red bar day? How's everyone feeling today? Do you think from Market open from 9 30 ET to 4 P.M which direction do you think the market will go? Do you think we're going to be green? Or do you think we're going to be red? The first two I'm seeing are red. The first three I'm seeing are red. A couple green coming in, but a couple more red come in. Uh, Interesting.

Interesting. Well keep on. I Just want to see generically where you guys are at. Bed Bath and Beyond Shareholders left holding worthless stock as bankruptcy hearing approaches without recovery, the company's market cap of 152 million essentially boils down to nothing for common shareholders.

In its SEC filing in April, The company cautioned that trading and in stock during the ongoing Chapter 11 cases was highly speculative and poses substantial risk. This is about Bed Bath and Beyond and I'm bringing it to your attention because I think this is a very, very legitimate cautionary tale, especially for people paying attention to AMC the way things are trending right now with AMC and Ape and the debacle and the fact that Adam Aaron is a grade A just absolute scumbag of a human being I Hope AMC doesn't go this way. but if it does go this way, if it goes in the directory direction of chapter 11 where basically bondholders are going to end up with the company private equities gonna like own it, they're gonna get it for pennies on a dollar, you're gonna lose out I'm gonna lose out. The people who supported and saved AMC are gonna end up losing out, potentially with nothing to show of it.

That is very a real possibility. AMC Right now, the debacle that has caught itself in it's between a rock and a hard place and then things are being made more difficult by the fact that there's a writing and an acting strike. and the longer this writing and acting strike goes on, that means there's going to be a greater lag of movies being produced and if there's a greater lag of movies not being produced, that means there's inherently just going to be less value in the box office. I mean I Don't think that's like the biggest big brain call out we've ever heard of, so just be careful there.

But if I had to make a prediction of how things go I think that AMC is going to end up being owned by the bondholders, which remember, in terms of the cap table, they have a higher priority than the equity, so just wanted to let everyone know about that I know the bill just went Diggity Ding ding ding. but hold on one second. I Just need you to know that there's no macro economic events today, but starting tomorrow Tuesday August 29th we're going to get the jolts and consumer confidence at 10 A.M Later on this week we're going to get obviously some GDP numbers. We're going to get some CPI and Pce CPI from the Eurozone and then the Pce from the U.S and then on Friday This week it's the first Friday of the month.

so we're going to get an unemployment report and non-farm payroll. so a pretty active week. You should also know that in terms of seasonality today, it's leaning a bit bearish, but not I Don't know, it's more close to neutral than anything, but if you're curious about the seasonality, uh, for anything else going on this week, I will be posting them individually, but it is already up on the locals community and on that note, on that particular note, dignity ding ding ding The casino is open. Best of luck to all.

Play responsibly if not have fun. Oh brother oh brother oh brother oh brother brother or brother. Uh Piper should be on right now. Um I'm now up to version like I think like 30 something the amount of iterations I've made on that code? I'm just having one particular bug that unfortunately is only showing itself in actual trading and it's not showing itself in theoretical like back testing.

Um, so there's one bug that I'm having with my scaling out my pyramiding out logic that for some reason what the code is written to do, it shows itself appropriately in back testing. But then in theory, it's not executing the way that it should be, at least to my mind. So something's a little bit weird. I'm seeing a big differential between theory and practice um, as in the back testing and then actual legitimate full-on trading.

So I'm trying to figure that out and I'm hoping that some of the code changes I made over the weekend um, are going to be appropriate for what I need, but we'll see. But anyway Piper is currently running. Be careful if you're a quick day trader. Speaking of Piper Piper just went Piper just went long.

Uh, well, let's see if she's gonna start out. Let's see how she starts out all right. Piper Went long on the S P 500 right now. just um, buying the the momentum of this morning.

Got knocked, but then made a recovery. So Piper went long on the momentum this morning. Uh, on the S P 500, not on the NASDAQ But if the NASDAQ picks up and does a similar thing, if it gets enough momentum, uh, it will also be going long on that. It's currently running on the S P 500 and on the NASDAQ 100 on the Futures Market I'm just trying to track what's 40 40.

wait a second. Hello, that doesn't make sense. What's 40 25? I'm so confused. Well, another day that the code doesn't make any sense to me.

But hopefully Piper makes some money out of the gate. Uh, hopefully Piper makes some money out of the game in back testing. Are you testing with close prices or historical takes? You may need to change uh, the code to compensate for live price or change order type to stop limit. So I am using stop limits.

Um, and the issue it? it does relate to inter bar like interbar order generation and that's the difference because obviously when you're back testing with historic data, it's set. It's calm, everything's good. Everything's Gucci Um, Boom brother. All right.

Piper is now long on the NASDAQ as well. So this is how Piper's looking out of the gate. Uh, Piper up the code is up 250, 275, 260 on the S P 500 and currently break even on the NASDAQ brother. All right.

Already got out of the NASDAQ Um, that was locked in after commissions. Uh, a loss of 152 but obviously net ahead with the S P 500 position. What code am I running over here? Did I update to the right version? Hmm. so right now a locked in loss of 152 after commissions, but unrealized, there's another 300 that's open so should be good.

But what did I do? How does that make sense? So it went long. No, no no no no no no no no no no no no, that's not right. That can't be right. Hang on.

Edit strategies: NQ I have the right algorithm on Did I accidentally hard code something? This doesn't seem right. No, it is right. What? The I'm very confused about how that happened I don't know I don't know I don't know. Uh, it seemed to work as it was expected to on the S P 500 and this is like why is there? If this was long, this would be up by like also 500 bucks over here I don't understand why Piper got out early on that.

Um, but whatever. At least it worked in one of the places highest 47. Okay, well this one, no matter what is going to be getting out. Worst case scenario for yeah, no matter what, these first two trades are going to be green.

Uh, a neck green situation? huh? Fascinating. Well, looks like I have a little bit more stuff to dive into. But the worst? this? uh, it's actually kind of close to getting knocked out. huh? Okay, I think it's a common problem with interbar entries.

Exits Don't kick yourself too much. it takes a while to figure out your boss, oh brother. All right. so that just collected the gains.

Uh, so Piper is now flat. So two trades, one out of two, but net ahead by 135 dollars. Uh, just so you know. So on the S P 500 right here.

Uh, Piper went long at 38.75 collected the money at 44.50 Uh, so that was a net gain of about six points. Um, and then obviously over here. Uh, we had a little bit of a loss to the tune of seven points on the NASDAQ. But remember, the points in the NASDAQ are worth 20 each, while the points in the S P 500 are worth 50 each.

They're leveraged at different rates. So remember with the Es contract and the Futures Market that represents 50 SPX I guess shares? Uh, while the NASDAQ is representing Uh 20. NASDAQ 100 shares. So you have to understand what the contracts are actually representing.

But basically what I'm saying is for every point this moves. If it goes from 442 to 443, that's not a change of a dollar, that's a change of 50 because it's representing 50 SPX shares. Well over here on the NASDAQ If it goes from 15 086 to 87, that's not 1.86 to 87 is 20 because the NQ contract is representing 20 NASDAQ shares. Uh, just to clarify.

Uh, actually, while we're talking about Futures while we're letting the market open, so later on today, we are going to be posting an introductory video to the world of Futures uh here ape should be gone, right? Yeah, Um, so if you're curious about Futures in any way, that video is coming out later on today. Uh, just so everyone knows, it's going to be on the normal Rumble Channel and then it's going to be on the Evergreen Mac Course channel. So if you're watching on YouTube right now, it won't be on this channel, it'll be on the other one. Um, but if you're curious about futures, um, more than happy to talk a little bit about it right now.

So even right there I was giving you an explanation with like the Es contract and the NQ contract and I was like okay, if it goes up one point, so like you, you might be here. Actually, this is probably the best way to do it. Uh, let's do this. So on the right side of your screen, on the right side of your screen, this is here: I'll go to the one minute I'll go to the one minute.

So these are both representing the S P 500 This is the actual S P 500. If you look at SPX that is the legitimate S P 500 Index Now uh, actually is there another way I could do this? So SPX you could trade that. that's the actual index. You could trade it.

It's currently trading at 4431 and this moves in one cent increments as in it'll go from like whatever 63 to 64. Like the smallest increment of movement is one sense. Now that SPX is tracked by the ETF spy. this is an ETF an exchange traded fund.

That's what ETF stands for exchange traded fund and that is built to perfectly mimic the movement in the actual S P 500. So SPX is the legitimate S P 500 spy is an ETF created to track the S P's 500 similar to the uh oh, the Vanguard S P 500. there's many as S P 500 ETFs created that are all tracking the SPX. So actually we could get really crazy with this.

Let's get super crazy with it if you will. So it goes like this: SPX is the actual S P 500 SPX actual S P 500 The most common ETF trait tracking. it is the Spy But a lot of people, especially if you're a member of Vanguard Vu Voo is also doing it. Look at this: S P 500 ETF Trust S P 500 ETF Like they're all tracking this.

but then in the Futures Market uh, they also have. these are all like just basically derivatives off of it. It's they're all this I Don't know. Let me go to the one minute just so I can prove my point that they all do the exact same thing because they're all inherently measuring the exact same thing.

So if I look at the one minute chart, notice how you have this green push to the upside, then a red pullback and it's starting to go. They're all going to be moving together because they're all inherently tracking the exact same thing now. I would actually contest that trading the SPX and then Es on the Futures Market if you're trading the overall Market I Don't really see they're much of a point to trade, spy or voo and my reasoning for that is if you're fortunate enough to be a profitable Trader the taxes you pay in your profit and this is just I am by no means a tax professional, so please talk to a professional about it. But just in my history of trading, when I take pay taxes on profits, I have to pay more on things such as an ETF spyvo on a relative basis than SPX or even on Futures.

So once again, I'm not a tax professional, but it is something you guys should look into if you're looking to trade the overall market. And let's just say whatever you're a profitable Trader you're gonna most likely just from my history and talk into tax professionals and understanding this. You'll end up paying more taxes on spy or Vu relative to something like SPX or ES in the Futures market. so just want to throw that out there.

Just a little bit of a teaching session early on today. Um, but I I Like futures for a variety of reasons. Once again, if you are a profitable Trader most likely you're gonna have to pay less taxes. Um, if you're training options, you have to worry about Theta while if you're trading Futures you don't have to worry about Theta Uh, so there's no Greek values to really concern yourself with.

specifically. Theta is like the bad one. Uh, what else do we have? What else? Um, better trading hours. It trades on the Globex session trades 23 hours out of the day.

It takes a break from 5 to 6 PM Eastern um from Sunday all the way to Friday so it doesn't trade at all on Saturday But then from Sunday night at 6 p.m all the way till Friday it's Trading 23 hours out of the day at least for the S P 500 different Futures contracts have different trading hours so if you're interested in Futures Trading you're going to want to actually I have the website right here. I could show this off to you. Where is it? Where is it? Where is it right here? Um, you can see right here that most of the indices for the let me zoom in a little bit just to make this bigger. Can you guys see that? I Hope you can see that.

Um, you can see right here that the S P 500 it's trading Sunday to Friday 5 P.M to 4 P.M It takes uh that's like when it's raining so this is in CST But anyway, um I wish it was an Es or ET because that would make more sense. But anyway, it trades 23 hours out of the day and you can see with all these indices they're trading on the same time frame. but if you go over to like random things like livestock, you're going to see that it has slightly different trading hours even though they're both the future contracts like the live cattle future contracts, the index future contracts I Just want you to know that they're on different trading hours and also you should know that per Point movement they it's a different change in money. So if live cattle order to go up or down by a dollar per contract you own it would be the change of 400.

But like I was saying before, if you're trading the S P 500 a dollar move is actually the change of fifty dollars while the NASDAQ is the change of twenty dollars. and then if you're looking at other things like oil, it's a thousand dollars. And apparently if you trade whatever the hell this is uh ulsd, what is that? uh, apparently it's 42 Grand 42 Grand 10 grand 1 grand 42 Grand So my my point. oh I guess it's ethanol.

What is this one? What's U L S d Harbor I don't Harbor There's something with energy. But my point in bringing this up to you is when you're trading futures, there's some specific nuances to the underlying thing that you are trading. so if you choose to do it I Highly, highly, highly, highly highly recommend that you start with a paper trading account. Highly recommend it because that's how you're going to get used to the contracts and like when you should be on what contract.

the trading hours of the underlying just start with fictitious money. uh I'm very much kind of what's it the Iron Man with uh Robert Downey Jr and he's like oh sometimes you have to fly before you can like walk something like that. I mean for me, if you're as like Auntie and as impatient as I am, Yeah, I think it's going to be better for you to actually do something. but instead of risking money because you might be doing something that like is actually like disadvantageous to you.

Um, just start with a paper training account talking about a margin requirement. Well once again, that changes per future contract. So Futures are interesting because they don't all have the same leverage amount, they don't all have the same trading hours, they don't have all the same contracts that you have to roll over to. So per one, you have to learn about it.

So for example, to trade one contract of es to day trade it in your account, you have to have one point two thousand dollars. So whether it's going up or down, it doesn't matter if you're long or short to enter into the contract. whether you want to buy it or sell it to go long or to go short, it's going to cost you 1.2 thousand dollars. That's what has to be in your account.

That's the margin requirement. It doesn't matter if it's trading all the way up here, it doesn't matter if it's trading all the way down here. The margin requirement actually doesn't change by the underlying value. it changes by the underlying volatility.

So if the market gets really volatile, the brokerages turn up how much you have to have in terms of margin, how much you have to put to either go long or short. So once again, the cost of it is 1.2 000 to go long or short. And then for every point that you're right, if it goes up and you're long, every point that it goes up, you make fifty dollars. Every point that you're wrong, you lose fifty dollars.

Um, that's today. Trade to swing it overnight. It's actually 10x that. So if you're long.

One S P 500 Contract on the Mini. it's going to end up costing you 12. Grand That's how much money you have to have in your account per contract to be able to trade it. Now that's just for the S P 500.

This is for the S P 500 mini. There's also S P 500 micros that are 10th of the cost. So instead of day trading it at 1.2 000, you could do it for 120. And to swing one of those overnight instead of swinging overnight for twelve thousand, it only costs you 1.2 000.

So there's S P 500 mini contracts. And then there's micro contracts. and micros are a tenth of the size and a tenth of the cost. So instead of moving in, fifty dollars up and down every point, it's only moving by 5 dollars.

Basically, take everything and multiply it by 0.1 or divide everything by 10. Do whatever you want. It's the same thing. so that's just for the S P 500.

Then you have to look at all those differences and nuances in the NASDAQ. The NASDAQ has the same thing. There's the NASDAQ mini right here. Um, and then this: I Think to day trade it.

right now. it costs you 1.7 000. And to swing it overnight I Believe it's 17 grand, but once again, that's for the mini. There's also a thing known as the micros that surprise surprise.

it's a tenth of the cost of everything. So instead of day trading it at 1.7 000 per one that you want to trade, you only need 170 in your account. And obviously they have these types of things also in the like the oil market and that type of stuff. so just wanted to share that.

I know Futures are a little bit funky and they seem a little bit odd. Like it's strange because generally like if you were to buy Tesla right now, well if it's trading at 239, you have to put up 239 dollars. and then let's say if it goes up to 250 and you decide to sell it, well, someone's giving you 250 dollars. So literally the money you have to put up is the exact money that it's currently trading at.

But remember, Futures are derivative. so obviously it's going to be based on some underlying asset, but they just move a little bit differently. and I know it's strange, but as soon as you start messing around, honestly if you mess around on a paper trading account for like one week, all that confusion and the learning curve, you're going to overcome it very very quickly. Uh, very very quickly.

Do you prefer swinging or day trading? Uh I mean I have strategies that do both. Um, I think it's I think it's easier to be successful in swing Trading but you trade less because you're looking at multiple days. So like if you need that gambling urge of doing a lot of trading that might not be psychologically what you're after and obviously your account has to be bigger as well just to overcome those margin requirements. So it depends.

Uh, it depends what you're after I Like to do a mixture of both I think sometimes there's optimal setups to be a swing Trader and then sometimes I think the market on The Daily Bars are doing nothing. it's just chopping sideways, but intraday there's nice swing. So I'd rather be a day trader. So for me personally, I kind of like to mix and match.

but I don't think one's better than the other I think there's a time and place for everything and you could be successful once again on any time frame you want to be. Trading Uh, that's a great question. But anyway, my point in bringing all this up is uh I love Futures Trading Uh, it's something that's really not talked about in reality. I think it's actually better for you than options trading I think your your odds of being a successful Trader in my humble opinion, go up if you're trading Futures Once again, better taxes.

Please talk to a tax professional I am not a I am not a professional tax person so please talk to someone who's like certified in that. but from my dealings, better taxes, better trading hours. Um, there's no Theta Decay I Mean how many times have you gone long on a call or gone uh long on a put like and you're right, but you're wrong on the timing and then Theta Decay destroys you even though you were right. So obviously you don't have to worry about Theta decay in the world of uh Futures Trading So I'm personally a big fan of that.

And then there's just other little nuances. This is really small. but I think it's important to me. Um, is I Think there's too much going on the world of equities trading because there's what.

Over Ten thousand, twenty thousand different companies that are being publicly traded. So you have to know the nuances of what's going on in the overall. Market But then also that specific company, what's going on in earnings? What's going on with the board? This that the other thing. There's a lot to pay attention to.

Well in futures. You could just get expertise in one individual thing and make a lot of money. There are people in this world who make millions and millions and millions and millions of dollars. And all they look at is crude oil.

They just look at the oil. Market That's it. They don't look at what's going on with the board or this merger, or this buyback, this, that, or the other thing. All they do is they're laser focused on oil and you can do that with it.

Like anything like you. You want to just trade the S P 500. Okay, just trade that. That's all you have to do.

like I Think the market is a mechanism that. pays you for expertise, not really breadth of knowledge. now. I'm not against you having a breath of knowledge of anything that like should help you.

but if you really want to know how to make money in the market, don't be the person running around to the new shiny object be like this. Stock's Running Oh But this crypto is doing this and this that the other thing because inherently you're always chasing the thing that's exciting. but that also means you missed your best entry. you want to be in before things take off.

You want to be in before things plummet. You want to be in before the big move. So if you're always finding yourself running around chasing the new hifying thing that everyone's talking about, it might work once in a while. But I It's tough for me to believe that that's going to be a solid, repeatable methodology that continually makes you money.

I Think having an expertise and a specific thing if you want to trade the overall: Market Great. Get super good at trading the overall. Market If you want to trade crude oil, if you want to trade gold, if you want to trade bonds. but this concept of oh oh, Tesla's moving today and then Nvidia is moving tomorrow.

And then Microsoft's moving. The meta is moving. It's always like you're awkwardly like a day behind, like just always chasing what was the big thing the day before. So obviously there are.

These are just my own opinions. There are people in the market who somehow pull that off and they're always like whatever. However, they view the market, it's just like it's accurate and I guess maybe I just don't have that. but I find myself time and time again.

I'm like oh man like I'm always just chasing what like it's commonly being discussed. some whatever Finn twit or stock twits or Reddit or something. I'm like oh, I'm always awkwardly a day behind. um, uh, when is your futures video coming out? It's coming out tonight.

So just so you guys know, this is like quote Unquote video number One episode number one of Futures Trading So like I just wanted to give everyone an intro to like what are Futures like why do people trade features? What's it all about? What's the price? movement? Um, and then that'll be the start of a series where like progressively gets more and more and more in depth. So this is very much if if you're new to the world of Futures Trading this will be like the perfect starting video for you if you're already like a mid-tier or expert to your future. Trader To be completely honest, you probably won't care about this video at all. Like the video I made is for people who has have maybe just heard of Futures like you're like oh, I've heard of this thing called Futures training or like you've never heard of it before like that's who this video is targeting.

If you're trading the next hot thing you aren't trading you are chasing I Agree with that fully. I very much agree with that. Wow, so doesn't the merge officially go through today? Or is it app market closed today on AMC And a can someone clarify that to me I Think it's already technically through and it's already down. So the fact that it did the 10 for One reverse split? it's not really you could think of it relative to last week.

this isn't trading at 11.90 it's trading at a dollar nineteen. And don't forget on that relative basis, AMC was at one point as high as 72. So we've gone from a sky high value of 72 all the way down to a dollar nineteen. That's just disgusting.

That's absolutely disgusting. As I alluded to before, it's really tough to put a time frame on it and I know that's kind of useless because you could be right, but if you're wrong on time, then you're wrong in the market. You need to be right and also right on time. I Wish I could give you a more reasonable breakdown, but I Think the way AMC story really ends is the bondholders end up with the company.

Um, and right now a lot of those quote unquote hedge funds that people are rallying against because they believe they are doing nefarious, illegal, and moral manipulative things in the market. Guess who owns the bonds? The hedge funds own bonds. There's not many retail Traders out there like heavily invested in these bonds. Like there's a really there's a real shot that AMC ends up in the hands of the bondholders AKA Like private equity? Uh, what platform do you use to trade? Futures So I don't have a particular platform I can show to you I don't have like an affiliate code or anything like that.

but I would recommend starting with a paper trading account. and I know you could get a paper training account from Tradestation. Ninjatrader Interactive Brokers I'm pretty sure TD Ameritrade think or Swim also has a paper training account for futures. Uh, what's another? Those are probably the four major ones that come to mind.

Um I don't have it a link or anything like that. You know what? I do have a link though. Streepy, the sponsor of today's stream. If you're not already on Street Beat, you are downright crazy people.

There's two types of people in this world. There's crazy people and there's not crazy people. And if you want to be a not crazy person and you're watching this right now, it's really easy. All you have to do is put in these four magic letters M, followed by A followed by T followed by T those four together spell Matt That is how you get your 30-day free trial from Street Beat pinned to the top of Chat in the description of the video street.

It's a Robo Advisor. It's absolutely awesome. Yes, you can buy and sell stock the way you normally would. If you're curious about it, they don't expect accept payment for order flow Kickback if that's a concern of yours.

If it's not, don't worry about it. So you could buy and sell stock the way you normally would. but on top of it, they have pre-built trading co-pilot so if you want to track if you want to trade just the way the politicians do, you could do that. top government contracts, a bond ladder.

This that the other thing. Yes, they have pre-built trading algorithms you can use or you could even make your own. So if you like hey I want a high paying dividend that's like heavily invested in oil? You could do that with AI you you can text into it, you can type into it and it'll generate trading co-pilots for you that if you want you can choose to allocate your money to that co-pilot and it does the buying and the selling for you I think it's awesome I haven't seen another product like this available to retail Traders So check it out, you could use this QR code you could get on your iPhone you could get on your Android it is pinned to the top of chat. But most importantly, when you're signing up to get a free 30-day trial, use that code Matt M-a-t-t and obviously shout out to the Street Beat Team for sponsoring today's stream I'm seeing a lot of people talk about Gme.

Gme is having a good day. It's up five percent while AMC's down six. Um, my street beats down 10 for this month. Come on Nancy help me out.

Uh, which which ones are you in because I think almost all of mine are up right now I'm feeling like real good about mine. Um, I'm trying to hang out mine's loading right now I'm trying to see all the So I'm currently in the bond ladder. one top government contract recipients U.S Congressional buying and selling and then I also made my own The value Hunter Honey Badgers value gems and commodities in high inflation. So I am using three of theirs and then I also created three of my own.

Oh brother, oh brother, oh brother. how are we going today? Well, in a weird way I'm kind of Happy It could have made a lot more money Piper could have made a lot more money on that. Um, wait, where are we at today? Hmm, didn't play the NASDAQ one the way I thought it would. Interesting did not.

Uh, let me check that out. Mq time frame: Five minutes. it went long around like 35. yeah, that just doesn't look right.

Something's wrong anyway. I'll be figuring that out after stream today. Well, I should say hopefully I'll be figuring it out after stream. but Piper is taking two trades today.

Uh, thus far one for two and net ahead uh by 135 after commissions and this is on a 5k account. Hey, Matt would it be worth placing puts or sell premium against? AMC Also, what's a good Futures account Love hearing while I'm working on the road deadman2496 Shout out Um, would it be worth it placing puts or to sell premium against AMC So obviously going long on puts on AMC it's higher risk High Reward selling premium lower lit, lower risk, but also lower reward. Thus far, both of those have played out for AMC Will that continue to work? I don't know uh I wouldn't be surprised if it does. but like I can't like I'm not going to give anyone Financial advice like I don't have a crystal ball I can't tell you the future um I could break down the statistics of how things have gone in the past and in the past selling premium against your core position AKA Covered calls or going long on puts has paid well ever since the run up to 72.

Obviously at one point it paid everything to be bullish and now ever since 72 it's paid everything to be bearish. So the recent history has gone that way. but in reality because AMC is moving so much on the communication or I should say lack of communication of Adam Aaron I think there's just better opportunity in the market? Uh I haven't actively played AMC in many, many months, potentially over a year year and a half now I Don't know exactly Um, but I I Just we all have a finite amount of capital, Which means you should just be looking for the best opportunities. And right now AMC doesn't look like an opportunity is Street be considered a brokerage or does it work as a tool with your existing brokerage? I Can't have any more brokerages due to my job.

So the legal definition of Street Beat is a robo advisor. It can do buying and selling in stock there, or you can hook your brokerages up to it. So Streetpeat has Partnerships with a lot of other brokerages. So let's just say you're on Robinhood or Weeble.

You can use the money in the capital in that account and hook that up to Streepy. and then Street Beat you can be running your AI trading systems from there. Um, I Hope that answers your question. Lemons, Maybe Buy corporate bonds I Mean if if you want to be a supporter of the AMC or if you believe in the success of AMC right now, the bonds are yielding quite a bit and then even if things go south, you would technically be higher on the like the priority table like the Cap table uh than you would as an equity holder.

Um, wrong show, Death. beholden. What show were you looking for? I Can tell you that the market is going down Ms Ms Chang It looks like we do have a a fortune teller in chat. AMC will double in value by 2035.

Well, to be fair, it's not much to double from here. In terms of its market cap. Its market cap is 1.8 billion. 1.8 billion I think it used to be over 50 billion at one point.

like when things were really going crazy. remember for 23 months Yeehaw Shout out Alex I appreciate that Uh, I shall? Oh I Someone sent me this that I I haven't watched this yet I Just wanted to see it. Uh, housing bubble disrespector. The P Boys Podcast Home Finance Don't pay off your house I Can't you use the equity in your own home to buy two smaller houses? Use the equity in those houses to buy four single family homes.

You use the equity in those single family homes to buy eight teeny tiny houses barely even a trailer. That's 15 houses. Congratulations, you've just unlocked the 14 homes inside of your one big house. My mind is blown.

So how do you keep up with all the tenants in-house No, no, you don't. You just hire a property management company you don't have to know a single thing about. Realty How powerful is that? You don't have to do any work, you don't have to know anything, and you don't even have to own them. Sure, you got 15 mortgages, but you're not under a mountain of debt.

You're under a mountain of tools. So let's keep the party going. Let's get smaller. Well, that's as small as you can go.

Really dream with me. Tom You take those houses and you work them down to a house is about this big a shed reel. Who would ever live in that? a Peruvian guy from the mountains. Why does he have to be from the mountains? High altitude? They're smaller up there.

so could you not just pull anyone from a mountainous region? No, they've got to be. Peruvian So they have a reliable source of income. What you're talking crazy, they're making all that money off of Machu Picchu that things like a slot machine is coming up cherries every time you want to put Peruvian Guys in Sheds No. Tom I Want to put Peruvian Guys in Sheds Amazing.

Amazing. No. I Want to put Peruvian Guys in Sheds Fascinating. Perfect.

Perfect. Perfect. Enough is enough. Keep hot dogs a dollar Fifteen.

They are a dollar fifty. What is this one my favorite Wall Street Bets Trader was the guy who bought 46 000 of Levi option because people got fat during coveted lockdowns and he assumed they would have to buy bigger pants. He lost over 50 Grand is responsible Maybe I Need to rethink my strategy going forward. Background yesterday: I Anticipated a high percentage of uh, surprise earnings call for Levi given Rona related changes in weight and thus pant sizes, Levi has been undervalued and testing the 30 resistance level for some time and indeed several institutions upgraded its Target price to as high as 36 to 40.

After earnings today, a seven to ten percent price jump from its weekly high would have brought the stock to 32 to 33, which I expect would have been outweighed the loss of Ivy crush and brought the ambitious strikes here expiring next week not today into profitability. Unfortunately, despite a universally positive earnings and describe record-setting margins 150 plus surprise on earnings and a return to Rona dividends, the pre-runner dividends of Revenue despite being at uh increase of 5.9 surprise was lower than I Anticipated the caution caused by the Delta varum and retailers stocks more bearish effect than anticipated. Moving forward: I Will think about adjustments to my strategy for earnings play, including using pre-iv Crush out of the money calls more sparring sparingly in favor of deep low Vega in the money calls um, a hundred and one percent daily loss Jesus I guess this is why you shouldn't the girl math selling comments: Girl math girl math I'm not joking I have asked the last three dudes I've dated for their bank account info on the first date I don't judge people's actions I look at the intention behind it so like, why do you ask for that because I only want to date Oaky guy that has money valid so you're getting straight to the point I think you know I have a job I'm very successful. so I think I have everything right to be like hi, Are we on the same level or am I wasting my time I'm not the gall let me see your bank account.

show me it I swear if you're not 25 without 18 different 401ks we can't date I've what's her name Sophia Franklin I get that I did same thing with my fiance before I even knew her name I said let me let me see your W-2s Let me see your tax returns if you're if we're not talking multiple seven figures I don't have the time to waste like Sophia I am beyond success. They've had to make up a whole new word for me to properly explain the level of Pico Finance Pico influence Finance I have got into that's crazy one more time, one more time just because like I I Bet there's tidbits of information in here that we probably all just missed the first time around. I'm not joking I have asked the last three dudes I've dated for their bank account info