Thank you Foreign! Boom Brother oh brother! Welcome back to the Mad core show. Today is the market wrap up for Monday July 24th where we're here to dive into what we normally talk about. the best cooking show on the entire internet now. I Know many of you were waiting patiently for this to try to figure out what meal are we going to focus on preparing today to surprise our family and loved ones at the future? Gatherings And the big reveal of the day is drum roll please! we're going to be talking about Hot Dogs Hot Dogs Hot Dogs Hot Dogs! I Know it's a very tough Cuisine to master, but as you expect a Matt's MasterChef show, we always talk about the hard foods to cook to impress our friends and loved ones.

So we will be getting into hot dogs and even though it is somewhat of a we'll say intimidating recipe I Honestly think that we can make it pretty simple. Pretty simple. Pretty simple. Pretty simple.

So I'm going to give you guys a few seconds to break out your pen and paper and then we're going to be getting right into it as I'm waiting for you guys to prepare for today's cooking lesson. Don't forget to subscribe and Do Not Forget To drop the like button. Now with that out of the way, obviously, become a goonie if you want to sign up for Matt's cooking. Corner Mattcores.locals.com pinned to the top of Chat in the description of the video, it's free.

There's also a premium version Macquares.locals.com pinned to the top of Chat in the description of the video. and on that note, you should have your pen. You should have your paper so everyone prep up the way. Master Chef Matt Likes to cook his hot dogs.

It's a multi-step process I might have to repeat it a few times, but I think that you adventurous chefs will be able to figure it out if you give it enough practice. What I like to do is remove the hot dog from the package. then I put it on a plate or in a bowl depending on the actual shape and structure of the hot dog. I put it in the microwave I on the microwave.

either type in 2, 0, 0 or some of you Fancy Pants is out. There might have more of an Express cook option where you could just hit the button to and it already knows it's two minutes. but I'm talking about 120 smackeroos and you lit that little cancer box. do its thing and then after two minutes it goes Ding and then you're good to go.

So that's Matt's cooking corner for you on today. Monday July 24th Um, if there's any questions, comments, concerns, feel free to reach out to me. You could obviously always find me on AIM or Myspace uh, happy to answer any questions if you have any other suggestions or if you get caught up in any of the steps. As always, MasterChef Matt is here to help you out and make sure that you master this exact recipe.

So let's talk about it. Let's talk about that. I Feel like I ripped through. It's only 3 32 and this was supposed to be a half hour show, but we already went through the recipe.

So um I don't know what do you guys want to talk about now that that was just kind of it? I hope like I guess one of these days we should just do it I guess I we could do a live stream of it. Can you submit your recipes for sure? for sure? for sure for sure. Um, that's kind of where we're at. it's kind of where we're at I mean I don't know how many of you guys are stock Traders but I I Suppose we could talk a little bit about the stock market today if you so choose.

but my main thing was just to talk about how to cook hot dogs. Obviously come back tomorrow. we're gonna have a whole new recipe for all of us to master. Uh, so maybe maybe if the whole hot dog thing's over your head.

Uh, tomorrow. I Could find an easier one if if that's what's desired. Out of the group, but um, we now have 25 more men I Really thought it was going to take a bit longer. My apologies on all of that.

So there we are, there we are I guess I don't know how many of you are Traders But like I said, we could talk about it. Spy, vomiting into clothes cues, vomiting into clothes. Meta put place still working out pretty nicely on that one Apple actually having a pretty rough day as well Netflix just going sideways Nvidia Did pop early this morning. kind of selling right now Tesla Strong day went from 256 all the way up to 268 Tesla Very very strong performance today.

Amazon Vomited early this morning. kept going down rum recaptured eight. kind of going sideways coin even though it was a rough morning and overall so rough day. A bit of an intraday recovery.

So across the board as you can see, we are in a holding pattern. We are in a holding pattern and we have to wait. Now you might be thinking to yourself. Mr Chef Man Mr Hot dog expert.

What's going on here? Why are we not really doing anything today? Why is today boring? AF Why is today like watching the paint dry on the wall? Well, it's because out of this entire week, today is the most boring day. Today we had some earnings, but not really companies people care about. There was no major macroeconomic events yeah, we had PMI and it came in short which was even though that's bad for the economy, that's good for the stock market. So we saw a little bit of a pop this morning.

Uh, and then the market had this rally to the upside today and now it's vomiting into clothes and we're awfully close to our opening values on both the spy and the cues. Just not much is really going on today. and that happens. And it's all because all the major earnings for this week start tomorrow.

And also in terms of macroeconomic events, all the major ones for this week start tomorrow. So inherently, when all the exciting stuff is later on in the week, we just kind of have a little bit of a paint drying day. And it's also not surprising when we're coming into big announcements that we see a little bit of a sell-off into close because a lot of people don't like to take on the risk of a binary event beating or missing on earnings, beating or missing on a macroeconomic event. So they go what's referred to as risk off and they just sell their positions, wait for the announcement to be made, and then they decide what to do there.

And that's kind of what we're seeing at this point. Granted, there is 25 minutes left in the trading day. Ever since about 2 P.m we've been definitely selling lower highs, lower lows. We're going to go over that.

I Want to talk about what I perceive to have been the best trade of the day, especially for your you intraday Traders Um actually there's two really really good ones. Two really really good ones. Um so I want to go over that and just this is some good chart review and then obviously if we have some extra time, more than happy to look at all the major stocks or whatever stocks you're currently interested in. Just a classic technical breakdown to just maybe have some anchor points of breakouts breakdowns support resistance especially as we go into in a very exciting for the like remainder of the week.

but quickly let me rip through some important things: Dow Rises 200 points Monday heads for 11th straight day of gains down Rises Monday heads for 11th straight day. Again, it's just ripping. The Dow is absolutely ripping right now. Um, obviously this is a lot of anticipation of exactly what I just said, the events, the announcements, all that the next upcoming earnings that I think some of you might care about is Spotify that reports before the Market opens tomorrow Spotify increases prices for its premium subscription plans on Monday Spotify announces it will increase the price of its premium subscription offerings in the US as much as two dollars, which translates to a 20 increase for some plans.

The company said the company Market Landscape Excuse Me has continued to evolve and that the changes will help the company continue to deliver value to its fans and artists. Existing subscribers will be notified about the price changes via email and given a one month grace period before the new prices go into effect. So whether you're playing Spotify for the earnings or if you're just a Spotify user, the prices are increasing by 20 percent now. I Do need you to know that Beyond Spotify which reports before the market open tomorrow? We also have Verizon, GM, 3M and GE all pretty important names and even Raytheon Technologies.

Now after the market closes tomorrow, that's when the party gets popping off Microsoft Google, Snapchat and Visa all after the market closes tomorrow. Wednesday We have a T Boeing Coca-Cola meta Chipotle on Thursday we have Royal Caribbean, McDonald's Southwest MasterCard and Crocs I Know there's a lot of Crocs fans in here, not necessarily as a stock, but as a fashion statement and I fully agree with you. After the market closes on Thursday and phase forward Intel and Roku and then on Friday. That's when we get some of these oil place such as Exxon and Chevron and we get some consumer defensive plays such as Proctor and Gamble Is that technically a consumer defensive play? I wonder I Feel like it shouldn't be now that I'm really saying it? But anyway I want you to know about that? In terms of macroeconomic events, you could get this on Investing.com There's various websites that do this I'm in no way affiliated with them I just like how they lay stuff out.

Anyway, this morning we got the PMI result. It came in short as in less than expected and that was perceived to be positive for the market. part of the reason why we saw some of indices namely the Spy really ripping. Today, we're seeing Energy and Financials over perform.

Without a doubt, when I'm talking about Energy and financials, you want to look at XLE which just ripped I mean when it from 84 all the way up to 86 obviously coming down a little bit now and then financials also doing really well XLF going from 35 all the way up to 3570 here. So we're seeing strong performance in XLE XLF utilities and not really doing anything too special in healthcare actually selling off today. So the reason we're not seeing things really go down is because XLE and XLF are kind of counteracting the movement that we're seeing in Tech. So that's why we're seeing a little bit of over performance in the Spy right now, which is currently up 0.3 percent while the cues are actually slightly red on the day.

so just wanted everyone to kind of know where we're at with all all of that. But anyway, tomorrow 10 a.m a half hour into the training day, we get the Consumer Confidence report on Wednesday We get crude oil inventories, the Fomc decision at 2PM and then the FED interest rate decision um, well, actually at two excuse me and then the press conference from the Chairman of the FED at 2 30.. If we fast forward to Thursday, we're going to get the GDP report an hour before the Market opens and then on Friday. Once again, an hour before the Market opens, We're going to get the next inflation report, the Pce report.

So golly. G williker Lots Going down today. Obviously the Market's open, but the real excitement starts tomorrow morning with the earnings and it's going to continue basically until Market close on Friday. So I hope everyone is buckled up now in terms of tomorrow.

Tuesday July 25th I Want you to know that the seasonal aspect of tomorrow? it's leaning bearish, but it's nothing too special. It's a little bit worse than neutral. Out of testing this day, for 2 25 years, the Bulls have won 48 percent of the time. So basically flipping a coin basically 50, 50.

The Profit Factors almost won. and as you can see, it really just kind of started off in the negative and ever since then it's just been going sideways. So from in terms of seasonality for tomorrow: I seasonality is not making me bullish or bearish. If anything, it's just something that I'm like.

Okay, it's neutral. It's not necessarily going with the grain, it's not necessarily going against the grain. So I Just want everyone to know that now. I Did make a trade this morning and I shared it with everyone on locals.

If you're not a member of locals, what are you doing with your life? Sign up. Literally. Scientists have gotten back to us. All the cool people are in locals, So ask yourself this, are you on locals or not And by the transitive property of coolness, you know if you're cool or not.

So for those of you in here who could raise your hand and say yes, I'm on locals. Well, inherently, you know if you're cool or not And then on the flip side of that, if you're not on locals, you kind of also know what that says about your coolness and like don't get mad at me like I know, Obviously like the whole like you're gonna get mad at the messenger But don't forget, don't shoot the messenger This is scientists like these are people that spent way too much time reading nerdy ass books and studying stuff and using pipettes and all that good jazz. But if you want to be cool, this is where you should be. And this was my one trade of the day.

This was all I've done I Entered this trade I haven't exited any trades today. Um, but as you can see, I posted this four or five hours ago. Meta puts 290 for July 20th and I got in at 12 15 each. Uh, if you were watching the morning stream, you're like hang on I'm gonna.

You heard me say hang up I'm gonna go post this on locals. Um, as of this moment, they're currently trading at 12.87 So up they're up six percent so nothing to run home to Mom about. But it is a green trade for sure. If I were to bring up Meta right now, um I still like it.

It's looking weak on various time frames. I'm kind of looking forward to maybe come to 280, maybe 285 something like that. but I mean just a classic bearish Trend Lower highs, lower highs lower highs lower lows lower lows lower lows. Um, we see a decent support at 287 past that.

I'm kind of looking at 280 285. Somewhere in the lower 280s is where I Want to capture some gains on this now? I Do need you to know that in the latter half of this week, there is going to be a meta report. Meta comes out after the market closes on Thursday So that makes it a bit more risky if you hold through it. If we have some nice gains leaning into that, yeah, you could.

Well, it's your money into your account. You could do whatever you want. you could choose to take said gains. or if you want to risk it and just risk it for the biscuit and see if there's some sort of gigantic gap down.

Maybe because you don't think Threads is as doing as good as everyone anticipated. Yeah, maybe you want to hold it through it and you just have a little bit of a buffer. But anyway, that is my one trade of the day in reality. I Didn't want to over trade today just because I knew it was going to be a pattern holding day just because nothing was really going on.

So it's the party starts tomorrow. So there's a reason for attempting to not over trade today. So anyway, if you took it, you should theoretically be up right now. Maybe you like it, Maybe you want to fade it, Maybe you want to do the exact opposite of me.

All I know is that all the cool kids are on Locals Macquares at Locals.com pinned to the top of Chat in the description of the video. Now let's bring it back to like what in the world's going on I Want to prep everyone up for this particular week? Now you know that tomorrow's pretty neutral. Maybe the next thing we should do is, well, you kind of know what's going on, so you know tomorrow specifically is neutral. From a seasonal standpoint, you notice the real start of earnings.

after the market closes. Tomorrow we're going to be hearing from the likes uh, of Google Microsoft and Snapchat and then a half hour to the training day, we're getting the Consumer Confidence Report Consumer Confidence Report. Definitely going to cause a bit of a jolt in the market. and then after the market closes, we're going to get the next slew of tech names once again Google AKA Alphabet Meta AKA Facebook and then Snapchat AKA that app that everyone used when I was in college and now no one really uses anymore going into this I Think people are going to be a bit apprehensive I Really do because thus far we've only had two major Tech names report we've had Netflix we've had Tesla now.

obviously Netflix and Tesla don't really have a whole heck of a lot to do with Google meta and Snapchat because they don't because they're very different businesses, but still, they're considered to be just tech company Titans Not really Snapchat in this group, but the other ones Tesla and Netflix got burnt I mean Tesla went from 299 all the way down to the 250s Netflix got yeeded off a cliff. it was like Leonidas and 300 just someone Kevin like stepped up Spartan kicked it into the well where's it at now to 426. dude, that thing was trading in the 470s 480s I think at one point it might even be in the Fortnight so like they just got destroyed and I think there's obviously quite a bit of apprehension coming into these other Tech earnings. Now once again, Google doesn't really have much to do with those business models Facebook doesn't have much of those business models we know Facebook and Snapchat are somewhat similar because they rely a lot on digital advertising so, but they're going to be reporting at roughly the same time.

So going into this I think it's safe to say that there's quite a bit of apprehension and in fact, I would take a step further and actually say that we are seeing that within price action. So if you look at the cues today, yeah, we've been trending down lower high, lower high lower high lower low, lower low, lower low. but overall, this is a very indecisive bar. I mean we have the EMAs going sideways.

the 10 and the 20 are perfectly sideways. Yeah, recently, if you zoom out, we've been absolutely ripping. but I'm just focusing on what happened today and kind of last week of. There's a downside.

Gap Though that we didn't quite hit, we got really close to the downside Gap those to 374.19. today we got down to 374.34 so we were off by about 25 cents or whatever. the math would be on that 15 cents. but other than that, we kind of broke down the con.

The pattern didn't continue. we came up, but we're still just really getting pinned to this 375. The high 375s the 376 level and that's exactly where we're at right now. the queue's just below 376.

um, the Spy right here. A little bit of a fake out breakdown. a little bit of a liquidity to grab bounce, but overall similar to Friday good days to just kind of skip. Just kind of skip trading where you're like, ah, the anticipation is whipsaw.

Obviously at least Wednesday had wider ranges. Today was arguably just really, really boring day and that's okay. you don't have to trade every day. You really, really don't some days.

honestly. I think some of the best Traders are particularly not trading a lot and that's exclusively because they're waiting for like a premium primary setup for their trading methodology. So today wasn't really a day to be like forcing any trades. But I think really, things will get going tomorrow.

Obviously I'm expecting some movement overnight, but really, the party starts at 10 A.M Tomorrow with the Consumer Sentiment report Consumer competent confidence, not sentiment. Excuse me and then we trade all day. and then we hear from Google Meta and also Snapchat uh and then no Google Microsoft and Snapchat Actually, that's interesting I think before I misspoke, but tomorrow is definitely Microsoft So that means if we know Snapchat that may be given us a better idea with Meta if Snapchat's advertising dollars are really, really weak. I Think we could kind of telegraph that forward to Meta's advertising numbers also being really weak.

Uh, and Meta comes out after the market closes on Thursday Interesting, interesting, interesting, interesting, Interesting. Okay, well you guys know that you kind of know what's going on. Um, I See some people commenting on AMC What's it doing? A recovery to exactly to its open today? Still sad that Adam Aaron screwed everyone over. It was as high as eight dollars and eighty cents.

And then he decided to post the dumbest letter ever. And basically he ruined it for a lot of people. and you see the apprehension right out of Market open coming as low as 487 which was within spitting distance of the high from Friday Um, he ruined it. There's no if ands or buts about it.

You if they're sick of fans in chat, just get over it. Just get over it. Get over it. Get over it.

Uh, you know I'm right and that's what happens. so AMC really not doing anything right now ape really not doing anything April on the day AMC up maybe gets moving I want it to go up I'm definitely not rooting against the AMC Bulls um I'm just specifically calling out Adam Aaron for being a devious scumbag is probably the most accurate way I could put my opinion um I would wholeheartedly love to talk about AMC if Adam Aaron were voted out. truly I just want the guy gone I think he's a liar I think he's proven to be against us I think he's a scumbag. Obviously these are my own opinions and if you just want to keep putting money from your pocket into his pocket, have at it.

But I'm done doing it I just want better leadership in the company and maybe you could sit there and think that it's good leadership and then I would just point out how the stocks down like in excess of 85 from the peak. until now. If you call that good leadership. um I think we might just have a different definition of what a quality CEO CFO and board would be.

but once again, just my humble opinion. Now with all that being said, I Want to do some chart review just to kind of prep everyone up for what? I See going down? Um, let me, let's get rid of this. Um okay brother oh brother oh brother oh brother oh brother oh brother I Want to get rid of that? Yes. Okay, so uh.

I guess it's probably easier to start with the spy on a day like today, but hold your horses for one quick second. One quick second. let's start with the overall market. So as you can see, we have another inside day.

So on Wednesday of last week July 29th we kept going. We just ripped. I mean July 29th July 19th I'm losing my mind. but anyway, higher highs, higher lows clearly from Monday July 10th up till the 19th higher highs higher lows The Bullish Trend was undeniable recently that switched on Thursday where we made a lower high and a lower low.

and ever since then we haven't done anything and you might be thinking yourself, well, what do you mean Matt What do you mean We haven't done anything Well, it's still technically an inside bar on Friday the 21st, the high and the low. We're within the high and the low from Thursday And then even today, today's high and low are still within the high and the low. from Thursday We're still between 455 10 and 451.44 so still no direction. We have not been trending.

we were trending upward and we started trending downwards. But Friday and Monday inside days, we have not broken above 455 10. We have not broken below 450 144 and until then you could say at least on this time frame and obviously every time frame is different. We just haven't been going much of a way now based on my current positions I have NASDAQ puts I also have metaput.

so I want things to Trend down. but maybe I'm wrong. Maybe we break above 455. it's time to load back up on calls and maybe we ripped out the higher heavens for all I know.

So I just wanted to share that with you with today and Friday's price action we have inside days, we have not broken the high and the low range of Thursday July 20th. We got really close today. we got to 45504, but that is still six cents shy and we're actually still closing within the bars that we've closed within the two days. So everything about today's price action on the daily chart tells me it's just indecisive.

It's a holding pattern. everyone's waiting. We're basically closing within spitting distance of the open of today. We're just, we're just not really moving and sometimes that happens in the market.

I Actually want to delete this as well Okay Cool. So you get the idea not trending today on the tech sector. It's a little bit more of a trend, but even this like we're still what apparently gonna close still above where we closed on Friday Overall, yes, we were trending up lower highs, lower lows. clearly a little bit more of a trend down.

we don't have an inside day in the tech and the reason Tech is worse and then the Spy is inside is because the movement to the downside and the cues is being counteracted by the positive movement in the energy sector and the financial sector. But anyway, right now, lower highs, lower lows. we are going to close essentially where we closed out on Friday Which means that today was essentially a just like a no-nothing day. It was boring.

Honestly, today was crazy, crazy, crazy boring. at least on this time frame. Uh, depending on the time frame you're on. Obviously, you might have been seeing other things, but for me, I'm basically looking for we either push above 377.58 or we go below 374 34.

those are the two things I'm looking for tomorrow now. Obviously, as previously called out I am looking for a downside Gap fill to 374.19 I thought it was getting hit today. Obviously I was wrong. So here's looking towards tomorrow and then if that does go and we keep keep selling.

If this trend line isn't caught around 371, I'm then looking at the next style inside gavel at 368.63 That's what I'd be looking for in the tech sector now. Overall: Apple an inside egg not trending I Don't think anyone's surprised Microsoft Another inside day, nothing's going on Tesla Actually a bullish engulfing candle so we had a lower high, lower high, lower low, lower low Today we opened up lower and then actually pushed so much we're about to close on top of the high from Friday This is a notorious bullish setup, so just want to call that out to you in terms of Nvidia an inside day or maybe slightly, uh, downtrend day. But overall, I'm looking for NVIDIA Mvda to come down to this downside: Gap fill at 4 39.35 if you're looking at Netflix lower highs, lower lows still pretty weak. There actually is a gap though that it hit today right about 420 88.

Uh, bounce off of that, but still lower highs, lower lows I was looking for the break of 411. if you're in Meta, the reason I have puts on this is a clear Trend to the downside and a clear snap of this major daily trend line. But anyway, lower highs, lower lows I'm looking for the the snap of 28705 and I'm obviously hoping for major major Miss on earnings, but obviously that's a bit more of a flip of a coin in terms of Amazon Amazon Tried to push early this morning, got above Friday's high, and then this is actually referred to as a bearish engulfing candle because we reverted down. Not only did we go above the high, but then we sold off strong enough to go below the low.

So a bit of a bearish development there. If I were paying attention to Amazon and trading it more actively, I'd be targeting 126. if you're looking at coin lower highs, lower lows I'm looking for the reversion to the start of this explosive bar in the mid 85s Carvana showing some weakness. Downside: Gap field of 420 42-27 kind of getting close, but not quite there Roblox I Was thinking about buying this breakout.

it didn't hold and now I feel really lucky because we have clearly trending down I Want to see how it reacts roughly to the region of 38 give or take a little bit Watching that one that I think everyone should put on their watch list is DraftKings I'm based basically just looking for the breakout of 3150 DraftKings showed some strength consolidating time to see which way it breaks. Does it go to the upside? Does it go to the downside? Whichever way it goes I think it's going to produce a pretty nice trade I Haven't traded DraftKings in quite a while, but I'm really liking this setup. A nice movement, a nice consolidation. The more it consolidates, it's almost just containing potential energy Then looking for a nice move.

I Don't care if it's bullish I Don't care if it's bearish. I'm just confidently waiting or really patiently waiting for either the breakout or the breakdown paying attention to DraftKings I Do think it's worthwhile for everyone to throw onto their watch list? All right, we have that. I Guess we could look at the daily of AMC just because more people are interested in it. Horrible looking bar.

It popped up, came down trying to fight back. There was a downside Gap field of 448. To the upside, we're not even above six this recent High which is unfortunate, but maybe you could get some momentum there tomorrow and then past that I'd be watching like 660. Uh, let's look at Gme Gme trending down lower highs, lower lows.

You'd want to reversion above like 23 24 like trying to turn back around. But clearly the trend is to the downside as of now. but that's why you patiently wait for it to maybe break out from this trend line. Strange movement on it.

overall. oil oil has been absolutely ripping. Higher highs put in a higher low just going going going. I Think oil is on its way to the low 80s 80, 81, 82 something in that zone.

So once again for oil looking for that to continue to the low 80s? if you're watching Gold Gold Gold Gold broke this trend line, try to bounce off of it. couldn't do it, broke down. Coming back up looks like a rejection. Uh GLD is the ETF or if you're trading Futures Gold's starting to lick a little bit weak to me so I just ripped through some of the major ones right now I Like you know, my major trade of the day, which was not even that major was I bought some Meta puts.

Other than that, I'm still swinging my Q puts or really my NASDAQ puts from Friday Uh, I didn't close any trades today I just opened one on Friday opened one today and I'm just seeing what tomorrow really brings. I think the tech sector is still under pressure, but obviously I reserve the right to switch that if we were to ever get above and close above the previous day's high. but in the past, Wednesday Thursday Friday and today, four days worth of training that has simply not happened. Now with all that being said, you know what to pay attention to for the remainder of the week.

You kind of know the bias. You kind of know what's up. You kind of know the vibe. but oh I mean, look how choppy this is.

Q's chopping the Spy try to Trend up but got hit. So essentially chopping spy slightly down, meta slightly down. It's just like wasn't that good of a trading day and that happens Like not every day is going to be absolutely perfect, but the Spy appears as if it's going to be closing right below yesterday. or excuse me, Friday's High you have the queues closing right above Friday's low.

That's just kind of where we're at team. That's kind of where we're at. Um, obviously major things going on this week. Consumer confidence? We're going to get the GDP, We're going to get the Pce.

We're going to get the Fomc decisions. Jerome Powell is going to be speaking. We have earnings. Um, this is more of just like kind of the the day to get us warm back up, doing some reps, getting back in the gym.

But really, the workout is starting tomorrow morning and continuing until the Bell goes. Dingety ding ding ding on Friday afternoon. so get some rest, but that's kind of it. Speaking of ding ding ding ding dingy ding ding ding.

The casino is closed I Hope you guys crushed it. Someone said, what about Crypto Bitcoin still below 30 000? not able to recapture it at 29.1 K if not at 1900 at 1850 and Xrp getting smacked down to 70 cents. So Crypto under a little bit of pressure, but that's not really surprising because there is a high correlation with tech and obviously the NASDAQ itself has been under quite a bit of pressure before. I Let you guys go.

Is there like? Any questions? comments, concerns that you guys have for the upcoming week right about now? Any questions, comments, concerns about what's going on? You guys kind of know my positions, you know? I'm leaning a little bit more bearish on Tech and it's exclusively because of price action. Uh, we've been seeing those lower highs, lower lows, so obviously that's something I'm going to be taking advantage of. Um, anything. Uh, 3M I don't know enough about it to like have a prediction on the earnings.

Are you bearish or bullish talking about a one or two day swing? I'm going to remain bearish until we get above and close above a previous day's High that has not happened in the Spy That has not happened in the queues. Um, well, technically the Spy actually closed right at it. This was I Think how did the Spy technically close? Yeah, but this would, yes, Friday is high was still actually an inside bar. so I would either need this by above 455 10 or below 450 144 and I would need the cues above 370 758 or below 374.34 Um, obviously, if we go above and close above bullish, go below, stay below bearish.

So right now, in like the one to two day time frame, I'm leaning a bit bearish. but that's just because we've been seeing lower highs and lower lows and I do not want to fight the trend. Um, what else do we have? What else? What else? What else? What else? What else? What else? What else? Dwac. What went on with dwac? Dwac.

Dwac. Dwac. Um, inside day, nothing going on if Dwac ends up breaking below this low 1624 I'd be worried I'd be very conscious of a potential Gap flow down to 14. so just want to put that on everyone's radar.

Uh, typically when you have a big explosion like that and if it's reverted as then you start cracking the low, that could be a potential setup for The Gap up or I Guess really, this created a gap so it's a downside Gap though and that would be to the high of Thursday July 20th at 1408. 1408 Thoughts on Google coming into earnings: I Don't know if I'm the right person to ask I mean I Had thoughts on both Tesla and Netflix and even though my thoughts were right, the market reacted in the exact opposite direction. So when it comes to earnings folks, it's about 50 50. Um, if in I mean I get it.

Some of you are degenerates like myself and you want to play it and you want to feel that rush. And if you do so, I Hope you absolutely crush it. But if you want to trade, um, a little bit more defensively, wait for the earnings because the very next day, there's still going to be a big range you don't have to be in before the earnings. Oxy Oxy is looking phenomenal.

XLE is crushing it the energy sector, but from a technical standpoint, lower highs, low or lows starts to swing back around. Trend line Breakout comes back down. Retests it in the realm of 59 and 60 bounces off of it, gets a break of this: I mean this is a beautiful formation I'm already in Oxy I've been holding it for about a year now I'm in roughly around 68. so I'm looking for the recovery up there.

and then obviously I have my sights even higher on a breakout and a test of 76. But this is just such a perfect technical play. Lower highs, lower highs, lower highs. you get the breakout.

You wait for the retest, you go long, you keep your wrist tight, and then it ends up popping and it is in concert right now with oil going higher and higher and higher itself. So oil looking strong. So energy and then financials are the other one. So XLF if you're looking at the likes of JP Morgan Beautiful trend of The Upside Bank of America Beautiful trend of The Upside Wells Fargo Beautiful.

Trend To the upside, Financials and energy are currently crushing it. Energy was crushing it. but now it's finally taking a breather. Bringing up the very fair question: Is it time for the run to just take a bit of a dip? Um, I mean not everything's just going to keep going and going and going.

And now that's the fair question of like oh oh like you see Tesla and Netflix with a bit of their Stutter Step Does that mean that we're going to have like a down whatever week, month or quarter for Tech because it's just been doing nothing but ripping since October of last year. Perfect. Perfect. All right folks.

that's what I have for you. We will be streaming once again tomorrow morning 9 A.M Bright and early. Be there or be something else that I don't want to say right now because some of you might get upset. If you're not a goonie already, sign up Macross.locals.com It's pinned to the top of Chat.

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you're gonna enjoy it. Uh, if you haven't already, make sure you're checking out all the interviews and all that good stuff. I Don't know everything's in the description of the video, so make sure you're checking it out. That's what I have for you for today.

I'll be catching you once again tomorrow morning I Hope you had a good day. hope you had a good weekend I Hope you made a lot of money either today this weekend or ideally both. but I'll be catching you later on. I Appreciate all the Good Vibes Much love Peace out Thank you Foreign Foreign.