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Thank you Foreign foreign, Hey there hey hey there I Hope everyone's ready for their first fun-filled trading day of the month of June It is officially June happy June happy June 1st it is Thursday June 1st and hopefully hopefully hopefully hopefully there's going to be some exciting things going down in the world of stocks, crypto, Maybe some breaking news, but um I'm not feeling the best this morning I'm gonna be honest as you guys know, I yolo'd into C3 AI I Bought some calls going into their earnings and the guidance numbers did not come through for us. did uh, did not come through for us. so my calls are going to be screaming in pain when the Market opens. They're not looking so good on the other side of it.

I've just been done with Nvidia I've expressed to you that I don't like my current Nvidia trade at all. so I'm okay with the AI one because I knew it was the flip of a quarter I knew it was 50 50. unfortunately I bet on heads and it landed on tails and ugh just didn't work out. But that's okay.

that's why I I knew to bet accordingly. That was a smaller bet Nvidia is the result of Revenge trading being undisciplined I hate my current Nvidia trade. but what I do like is my current Tesla trade I like the breakout I like the hold I like the risk management I'm moving it up. My risk will now probably be around 195.

I hope after today to move it up to 199 200. but anyway I like my Tesla calls I also really like my target puts I've been crushing Target and we're actually going to be coming up close soon to my first Target profit of around 125 dollars. So and the other plan I'm feeling a little I was feeling better about yesterday and now I feel a little iffy is the old spy calls I have some spy calls I was talking I like the rally I like what's going on and I was feeling good this morning. the spot was around 419 I was like okay, like let's get going today and then the May ADP payroll report came out and it came out way higher than expected they were expecting I have the numbers right here.

where is it? you know? where is it Two, it came in at 278 and they were expecting a hundred eighty thousand. So they had way more jobs than expected being led by the Leisure and hospitality industry and the one that's actually kind of losing jobs is manufacturing. which is interesting because we get the manufacturing numbers somewhat soon, so paying attention to that. But overall, we're still seeing strength in the labor market, which is inherently strengthened the economy which is inherently that our economy is still running too hot, which inherently increases the chances of the FED still being hawkish, mainly by raising interest rates to put downward pressure on the economy to fight the inflation that is still very much going on.

So if you're looking at the market and curious why from 8 15 this morning ET A.m 8 15 ET Till now we've been dropping. It's because of the strength of the ADP May payroll report. so we're going to be getting into all that. Here's the plan: I Want to let you know what's going on in the war world I Want to mainly go into the most recent update with the debt ceiling discussions it passed the house.
it's going out to the Senate so I want to let you know what's going on there then I Want to just talk about the fact that we're starting a new month I Want to give you the seasonality for the month so you have a better idea just to how you should be I Guess like your mental framework of trading throughout the month of June then I want to give you the seasonality for today and a little bit of a preview of what's coming tomorrow. And then we could go through all the earnings yes, crowdstrike, Salesforce and C3 AI all reported last night in the Macy's and Dollar General reported this morning. and then we just have some other news that I think is important to cover. before that Bell goes.

So I hope that's a plan I hope that works for all of you before we get into it. I Want to give a shout out to today's stream sponsor: I'm talking about Street Beat so they are kind of doing a whole Rebrand right now basically because they've been adding in so many cool features and if you want uh I mean you could even see it now? Yes, I do except but they have a lot of new things going on with their co-pilot their AI co-pilot features. Um, so check it all out. Use the code mat if you use the code mat when you sign up, mat the very first page when you download the app to your iPhone to your Android use the codemat M-a-t-t and depending on the size of your first initial deposit, you're going to get anywhere between five and five thousand dollars.

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So yesterday, kind of A Strange Day We sold off hard and then we kind of rallied in and close, effectively going nowhere in the right. At the end of the day, we sold hard. Then we rallied. We were hitting 419 in the Spy.

Then we sold off because of the ADP May payroll report coming in almost a hundred thousand more than expected and we basically got knocked by a full dollar. Uh, Nvidia it's actually up which I'm surprised about. AI is down considerably down 19 because their earnings were beat. Unfortunately, it did not match the excitement of what people were expecting In terms of their guidance.

Their guidance wasn't these like blowout numbers that we think were gonna destroy for the next? like in whatever three quarters? Q2 Q3 Q4 They basically were just very reasonable and they're like, all right, there's a good chance we repeat our business from the passcode or q1 into Q2 Q3 Q4 and it just didn't match the hype going into it. And that's right now. Why? Relative to yesterday's close, we're down about 20. That was a flip of a coin.

It was a lotto ticket, and unfortunately, this lotto ticket did not play. In fact, none of the bullish lotto tickets played paid yesterday or this morning across the board crowdstrike Salesforce AI Macy's and Dollar General all five of them, at least from when I was checking it before all or down. So the major watches between yesterday and this morning in terms of earnings uh, all actually had a net, bearish, uh, effect or impact this morning. So anyway, uh, we'll be taking a look at those.

But in terms of the overall, Market the S P 500 futures are little change to start. June Training after debt bill passes house so late last night, it passed as expected. So now it goes on to the Senate. The Senate actually has more procedures.

It's kind of a bit of a pain in the ass. uh, our whole political situation in general. So that should be done with the Senate most likely tomorrow. But I Want to get into some of the details on that very quickly.

The 10-year treasury yield Rises after debt ceiling Bill clears house progresses to the Senate most likely a 2 two day type of a situation. But it ideally what we're thinking is that it will get to Biden for his signature this weekend Saturday or Sunday. As of now, the Dow, the S P and the NASDAQ are all slightly red oil bouncing a little bit but taking a considerable hit. Now it's at 68 of Arrow and then you have yields down ever so slightly just to take a a step back and explain some of the seasonality for June.

Understand that June is a choppy month until we get about three-fourths of the way through it. It goes up for like a little bit down for a little bit, up for a little bit, then down, and then by the time you get to the end of June till the end of July, we should all be bullish focused. Our generic framework for all of July should be bullish. I Mean, look at that.
This is the seasonality over the past two to three decades. the end of June until the end of July, the Bulls absolutely dominate. Now, Unfortunately, we're a month away from that. so what you need to know for this month is a little up, a little down, a little up, and then more so down.

So June is choppy if anything, so I wouldn't Just because we see that it's choppy here, doesn't mean that this actual June can't have a nice bullish push, can't have a nice bearish push I'm It's more so in my mind of saying maybe we just don't consider seasonality as much in the first, like two-thirds of the month. But at the end of it. Yes, there's a clear bearish push, and then from there we go into a very big bullish push. So that's kind of June and July In general, in terms of today, nothing too special.

Slightly leaning bullish. I mean the Bulls have won this day three out of four times. The profit factor is up, but the equity curve is nothing special. Kind of gaining.

kind of gaining. kind of gaining. Took a big hit for two to three years in a row and then try to gain more and then recently took a hit. so it's leaning bullish, but nothing too crazy.

It's closer to neutral than anything else. So I Just want you to know about this seasonality situation that we currently have going on. All right. So back to the major news of what's Happening debt limit deal passes the house, easing us and default.

All concerns. Let me make sure the volume's on just so you can hear it from the horse's mouth. Breaking news now. Okay, okay now we've seen that this deal has been passed.

so at least we're seeing this deal. Uh, it diverts a default. It passes in the house. The next step, as we mentioned, goes to the Senate that could be happening at the end of this week, but that certainly is a one key hurdle that has been passed so far.

We'll see how that impacts markets are sentiment in any way here today. U.S Future is still pretty flat. We're still talking about this blonde rally here this morning. Still a lot of questions about this Tebow auction.

Is this sort of this? Juggernaut that's really going to drain liquidity? Or is it really just the Nothing burger, right? Something to watch there. Well, there you have it. It was passed a little late last night, so now it is going on to the Senate debt ceiling bill, Passes the house, advances to the Senate days ahead of default deadline. Once again, the current X date when we're allegedly going to default is now June 5th.

It is Not today I Know For the longest time, the Treasury Secretary Yellen was telling us that like her precious date that she found apparently on the walls of Mordor was June 1st. Um, Unfortunately, she can't do basic math and the date's actually a little bit later, so don't be thinking like oh, they're not solved today like that must mean catastrophe. No, the current established default date is now June 5th next week. Just so everyone knows, the house passes the debt ceiling Bill Wednesday night days before the U.S is projected to run out of money to pay its bills.
The fiscal responsibility Act is the result of a deal reach between house Speaker Kevin McCarthy and President Joe Biden Senate Majority Leader Chuck Schumer Said the Senate will do everything we can to move the bill quickly. Now now, we don't need to have a civics lesson here, but the procedures surrounding the Senate are like kind of complicated. They're a little bit like complex and confusing and can be lengthy so that'll be interesting. but the chance of it happening today like I don't know I'm not like some hardcore Civics expert so like I don't want to say it's impossible, but it seems very very unlikely that the Senate will get to vote on it today.

just looking at like the basic rules that they typically have to follow I'm sure in certain situations that they have to make exceptions, but I don't think this is going to be one of them because basically they could do some of their procedures today, then they could do it again on Friday, get the vote, then pass it on to Biden over the weekend. So I don't think they're like in panic mode if that makes sense, but maybe we'll take a little bit of time later on and really dive into that. Now in terms of other Market events, the ADP employment report came out at 8 15 this morning. like I said stronger than expected 278 versus 180.

it'd be by a hundred thousand, which just shows the strength of the labor market. Later on today, we're going to get the 15 minutes that is into the training session. We're going to get the PMI manufacturing number and then at 10 we're getting the ISM Manufacturing number and then also Harker from Philadelphia will be speaking I'm probably going to give him a listen because yesterday, both, uh, was it harder? yeah, it was Harker and Jefferson. So Harker is the Fed president from Philadelphia and then Jefferson's the FED Governor They were speaking at 1-130 yesterday and what they ended up doing was saying hey, yeah, no we think we have to raise rates, but we don't think we're going to do it in June Which is interesting because when we started the day yesterday, there was a greater chance than not that in the June Fomc meeting, we would be getting a rate hike.

But then based on their conversation, the odds completely inverted. and as I'm speaking to you now, there's a greater chance than not that we're not going to have any rate hike that it's going to be a little bit of a breather. a little bit of a break in June and that's kind of what got this Market to pop. But then, just so you know, the unemployment report is coming out at 8 30 a.m tomorrow.
The fact that the ADP May employment payroll numbers were higher than expected I My base case as of now is that the jobs We're going to have more jobs like I I Think that this trend will continue through tomorrow. But anyway, we are going to be starting tomorrow stream a bit early. Uh, just because we get this report and it's an important one. The unemployment report comes out the first Friday of the new month, so obviously this is the first Friday and we've seen it have a clear, clear impact on the Market before.

So yes, I want to cover this again with all of you. so we will be streaming a bit early tomorrow. But anyway, private payroll Rose by 278 000 in May Well ahead of expectations. Uh, strength, strength strength.

And that strength basically led to the market selling off. So right right around here, this is 8 15. We sold, We popped a little and now it's just kind of chilling. So uh, we're gonna wait and see what happens when the market really gets going.

So now let's dive into why I'm sad this morning and why I'm sad this morning is right here. It's not because of Shauna from Yahoo finance, it's because C3ai plummeted after the Q1 earnings. beat it beat, had less of a loss than expected, beat on Revenue Unfortunately, the expectations, the future guidance, and really, that's the thing that got Nvidia to rip for Q2 The Public's expectation wall Street's expectation for NVIDIA was 7 billion. In their call for their guidance, they said we think it's going to be 11 billion So they basically took the guidance, their future guidance and knocked it out of the park that Trend did not continue with C3i.

it beat on its earnings, but its guidance was kind of what we expected it to be. They didn't come out with like some crazy number. The expectation is around 300 million a little north of 300 million for the year and people were like oh, like, is it going to be 350? Is it gonna be 400 people The expectations into this were extraordinarily high and it didn't beat those. It just kind of it.

It hit what analysts thought it was going to be and that's currently why AI is down 20. Could it recover? Yes. I Just don't think we're that much of a miracle worker I'm not betting on that at all. It was a lotto ticket.

It was a 50 50 bet. It was flipping a quarter. It was either going to be not going to be. In terms of that future guidance, it didn't beat.

And now the socks down quite a bit. This is what you're going to get in these high volatility, high octane trades. This is exactly why you have to bet accordingly. Don't be putting so much into a singular bet because yeah, it's nice if it goes your way.

But what about in scenarios like this when it actually blows up in your face and you just took like a huge hit to your account? So please consider that Salesforce raises guidance but sees pressure as customers back away from Big Consulting deal. So this is Salesforce Let's pull up their stock. CRM Currently down seven percent. so yesterday it closed at 223.
really been ripping for quite a bit, and now it's all the way down at 207. so this one even a little bit more complicated if you ask me. Salesforce is probably down more than it really deserves right now. I Mean the numbers were good.

It even raised its guidance. Uh, but people got a little bit spook. Crowdstrike shares tumble as Revenue shows signs of slowing. Uh, CR I Think that's what crwd crowdstrike.

Uh, currently down 8.6 closed out the day at 160. now down to 146. you're going to kind of get this: General sense of things just gapping down, gapping down and gapping down this morning. So that was yesterday crowdstrike Salesforce and C3 AI.

This morning we heard from Dollar General and Macy's and I Just want you to know that after the market closes today, Broadcom? uh, Avgo. Actually, I was actually surprised to see how big it is in terms of market cap relative to these other semiconductor plays. so that comes out after the market closes today and then also Lululemon and then chargepoint. I Know some of you have been paying attention to that and even Dell is a big company.

but I just don't really see many people asking about it or inquiring about it. but I just want you know that they are reporting after the market closes today. So with respect to the ones that came out this morning, Macy slashes its full year outlook even as earnings beat. So uh, when you slash your futures guidance, not good.

Macy's is currently down three percent. Really, you're gonna quickly quickly notice today that all these discount stores are getting destroyed. So this is Dollar General closed out at 201 currently trading at 180 down 10. It's not good.

It's not good. I mean all these: if you look at Walmart it's just been coming down and down. If you look at Target I mean that one's getting annihilated, there is a clear downward pressure I mean we've been I've been rocking these Target puts as of clothes Yesterday that was the position that was up nicely, targeted was up 51 and that expires June 30th a strike price of 125. Um, it looks like we're going to be taking profits even earlier on that.

Yes, my first profit Target is 125 and as of now, I'm going to be setting my trailing stop loss probably around 134 135. For any of those of you who are curious now, this has nothing to do with earnings I Just want to cover it because I think it's news that some of you might be interested in EV Maker Lucid announces a three billion dollar raise from Saudi public wealth fund and stock offering so Lcid I have no position on this one, but down 12 on the news, it's been kind of range bound and if this thing ends up breaking 660, there might be more downtime. I'm just not the biggest fan of it right now I Like their car I think it looks sleek I Think it looks cool I Like some of the things they're pulling off, but just that price action is not there. They're continually missing on their deliveries.
Not a good situation. So even though I want them to be successful like I said, I'm a fan of their car like I think it looks really Sleek I like it I Wouldn't mind having one, but the price action is telling us something completely different. Now on the flip side of it. Tesla I Really like So I've been watching this trendline breakout hold bounce off of it I have Tesla calls I'm very happy with them I would love for this other trend line to break and I would love to take profits at 218 or maybe even past 218, but we're gonna have to see what the price action gives us If today goes well.

I'm going to be moving my trailing stop loss up to 195. so Tesla with the breakout, the whole uh, my first Target is 208, then 211 and then obviously 218. And speaking of that, Elon Musk is the world's richest person again, so obviously his wealth is directly tied up in Tesla Equity So it kind of depends where Tesla stock at and he is always fighting with the Lvmh CEO Bernard Arno and same thing, his is attached to all those luxury. Brands Um, you might know him like just he has.

what's it? Uh, he owns like all, just like the high-end Brands I'm trying to think I know Hennessey's in there. um what else is in there I know Dior's in there. It's just like a giant portfolio of I don't know. luxury type Brands is Lvmh TAG Heuer the Witch the Watch excuse me I'm trying to think what else is in Lvmh? there's a lot.

Like the list just goes on and on and on. I think there's like a fancy I know Hennessy's in there I think there's a fancy champagne thing in there? um is Louis Vuitton I think Lou LV is in there. Uh, they own a lot. They own a lot.

They own a lot. All right. Five things to know before the stock Market: Bell goes Dingety ding ding ding Today Thursday June 1st Welcome to a new month of training. New Month New Month New Me: Uh I Want you to know that the seasonality for June's a little up? a little down, a little up, and then down to the end of the month and then from the end of June till the end of July it's pretty much pulls in control.

That's the seasonality. The seasonality for today individually slightly bullish. the seasonality for tomorrow? Very very, very bullish. So I just want you to know that debt drama diffused for now.

So basically the house is done with the deal, they're kicking it over to the Senate. Uh, ideally. ideally ideally there's going to be more of an update on that tomorrow. I'm sure we're going to get commentaries throughout the day today, but I'm seeing no indication that the Senate has like any chance real chance of voting on it today so just wanted to know there mixed back for retail I would argue.
uh negative Bearish bag for retail across the board Alexa pay up uh something with ring and they got sued by the FTC for 30 million and it has to do with the ring doorbell. What is this coming home? More and more companies are looking to bring manufacturing operations home, pulling out of the long-standing production Powerhouse like China in a trend called reassuring Hey I wouldn't mind bringing some jobs back here to the US of a um, so good to know there. All right. Let me get everything set up.

Let me get it. We're getting a little bit of a bounce. A little bit of a bounce, all right. So uh, before I turn it over to questions for you uh I want to get let you know some of my game plans.

My current positions: spy calls I actually like it testicles obviously I like it Nvidia calls don't like it at all AI calls they're busted I might as well get out of them at open. Uh, that was just for the earnings. The earnings didn't go my way I had Target puts really like that I am targeting 125 to take most or like most or all of my profits I will be taking on target probably around 125. maybe I'll take like 75 or something and then just leave a runner or 50 and like then maybe scale out or something.

but I'm gonna be targeting 125 on target. Very happy with that play. The other play that I don't have on yet that I want to let you guys know about that I'm watching I'm stalking and I'm excited about is Netflix when I zoom out on Netflix personally I see a gigantic cup and handle pup handle and I'm wondering if it's gonna break out. There is an upside Gap though all the way to 507.

but man, even if this thing pushes up to 460 right here, the current closest to the Gap fill 458 I would love that. So basically a breakout at 400 with a 60 upside and then I'm risking 50. So okay, a little bit better than one one but then it becomes a two to one if I'm playing it to 507. So I have no position on Netflix right now, but the price action is very much interesting.

Me: uh, the technical setup is interesting to me. I'm just hey I want to put this on your radar I have no position, do whatever you think is appropriate. but um, I think there might be an opportunity for us to strike on this one pretty soon. So I'm watching, waiting and basically what are these high levels right around here? If this can get above and hold above 397 398 something like that? I'm basically just looking for that breakout.

Obviously this would take some time if I did it. I would get some calls, maybe I'd get some 450 calls I would June July the earliest I would go is the end of July Maybe I would even kick the can down the road into mid-august I might use the August monthlies on it. This is going to be like a multi-week trade if I were to take it. So I just want to put that on your radar something I'm interested in I currently have no position.
if I do get a position, obviously I will let you all know I have no intent of like hiding it from you, but I just want to let you know that I'm seeing a nice larger structure I mean even this if we were it like there's just various things. like it has higher highs, higher lows. it got this breakout if you look at this trend I Just really like it I think the current price action is favoring the upside in Netflix I'm waiting for confirmation I Don't want to rush it the way I did the third Nvidia trade I'm just trying to be a little bit more disciplined with it. but I do like what's going on here.

so I just want to let you all know about that one. All right. With that being said, we have about, uh, two minutes to go. So here's the game plan.

for the first 10 20, 30 minutes, we're gonna wait around, watch the market open, see what the big movers are to the upside to the downside, just pay attention to what's going on. Obviously this morning I am expecting news from the FED of what's going on with inflation and we just know Harker Speaking today, so I'm sure there's going to be commentary there I'm sure there's going to be commentary from our politicians talking about the debt ceiling so we got to listen to that and then maybe in the afternoon show. I Do want to let you know we're streaming at 3 30 today. Some of you have been skipping class and I've been taking names.

Uh, but and it seems like there's a little bit of a bias for you guys for me to do the market wrap-ups during Power Hour as opposed to later in the day. So we will be streaming once again today at 3 30 p.m ET So the basically in power hour we'll be doing the wrap-up video there just of all the things that maybe you missed throughout the day. Uh, but with that being said, we have about a minute left we are going to watch the market open. You know, all my positions.

You know my thoughts. The only one that I'm truly unhappy with currently is NVIDIA But that's just a personal problem I suppose. But with all that being said, do you have any questions? What's on everyone's mind: Is there certain stocks that you want me to break down? Do you want me to do daily chart reviews? You have questions about options about? Futures Uh. Relationship advice? nutrition advice? workout advice? Um, how to not own a cat advice because I still don't own one? Um, it's all up to you.

It's all up to you. Heat versus Nuggets I'm gonna have to go with the nuggets. The nuggets are really, really good and they're just more rested. Uh, they're somewhat comparable teams.

I would actually give the nuggets the edge, but then on top of the fact that they have more rest, uh, I'm gonna go with the the Nuggets Winning at all nuggets and six. We'll say nuggets and six is gonna be my official call out. Dignity Ding ding ding. The casino is open.
Best of luck to all. Play responsibly if not have some fun. Welcome to the month of June Let's see I hope that everyone had a profitable month of trading in. May I know I did we got some really lucky trades there? Um, let's see if we can run it back in.

June Let's see if we can make Juno a stellar month as well. I do want to add Netflix over to the watch list just so I can tell what's going on Netflix Netflix Netflix it is on. Oh, it's just not high enough for me to say. All right.

There's so many things to watch these days. So I have my Tesla calls ooh Tesla's looking nice I would love for the Spy to go higher. All right. So the Spy today I'm basically looking forward to get above 419 and I'm looking forward to stay above 4 16.

uh, below 416 I would be a sad mat above 419 I would be a happy map. Currently trading at 417.71. Now in terms of like the moving averages and whatnot, red, white, and blue upside down, the 15 minute is favoring the Bears, the 30 minute is favoring the Bears. The two hour is kind of messed up, the white is not in the middle, the four hour, it's just flat.

it's not doing really anything. And then the daily red, white and blue stack to the upside. So uh, we're getting a mixed bag in terms of just like the general: Trend with the exponential moving averages all right. Where are we? uh Tesla ripping out of the gate Nvidia and AI going to where you would expect it to go so pump for you Matt Congrats again! thank you Trump and Dad that's so nice.

That's so nice of you. Uh Tesla is ripping. You're welcome for that play. Uh, oddly enough, I'm only up two percent on it, which definitely makes me sad.

Matt I feel like I I feel like I deserve to be up more on it, you know? uh I'm getting crushed on AI The question is, do I just cut it today? Do I just cut it right now before things get worse. How much am I down on it? 95? So at a certain point it doesn't even matter. Yeah I know that lotto ticket. hey not all auto tickets play it was pay it was 50 50 and it just got smashed back in my face got smashed back in my face.

but maybe I'll get a miracle play with Nvidia Such a dumb play I'm super super upset with that Target getting crushed Target is at 128.65 just down down Uh I should set an alert I'm gonna set a 127 alert ADD alert and then I'm gonna set a 126 alert just so I Don't miss any of this for targets Breakdown: Target Just getting absolutely murked. Uh, what else do we have? we have Netflix if this shows strength above 398 I might be doing that longer term play the kind of like end of July mid-august type of a play. Uh, what else do we have Tesla just showing some serious strength. Hey, Nvidia might be going my way I need it to really rip to do anything.

Um, how's Apple looking this morning Apple Telnet 177 Okay, Microsoft 325 Oh, I didn't want to call out to you Another interesting chart thing I saw was Google goo the old GOOG Uh, just looking for either this box to break down. obviously it's been range bound ever since Thursday the 18th. Um, so either looking for it to get above and hold above 126 or get below and hold below 122. so on.
Google I have no idea which way it's going to break I have no clue whatsoever, but I do think we're going to get a nice consolidation breakout, so maybe I should set some alerts there at alert and then we'll add an alert here as well. I'm just looking for Google to either go above 126 or below 122 if I had to have a preference. I'd prefer that it goes below 122 because then that sets up the nice Gap Fill Play of 113 right here so just want to put that on your radar. Um well.

Tesla was having a good morning until it smacked me in the face. Uh, Nvidia Came right up to resistance and got smacked pretty hard. When in Rome Target Vomiting targets vomiting hard is Dollar General still vomiting? Yeah! Dollar General's now down 14 Dude, everything's vomiting. We had two minutes of Fun in the Sun and now we're just getting our throat slit.

Hey I Come on man. Uh, how's Texas Roadhouse can Texas Roadhouse Davis at least Texas Roadhouse is in the green. How's the dollar looking dollars vomiting hard I'm actually surprised that the Market's selling off this dude. Tesla What are you doing brother? What are you doing man? avgo down one percent below 800.

CRM down six percent. but apparently try to make some sort of recovery palantir down two percent. still holding 14 though we actually have Bitcoin below 27k Bitcoin looks heavy to me and I'm saying that as a person who's invested in Bitcoin and I want it to go up I have it I'm not actively trading it. but dude, how is this? It's just been holding on by the skin of its teeth I Don't understand how Bitcoin hasn't broken down yet.

Um, someone with sized is buying it dude. Come on. Tesla Just chill brother. Which one of you in here is selling right now? Uh, looking at open a short with Carvana? Looking to open a short with Carvana at 17? Thoughts on Carvana: Well be careful because there is a lot of people calling it out for a short squeeze like at 17.

I mean as long as you're okay with risking basically 20 . I I wouldn't go short on it until it actually breaks down I don't want to short when something is exploding up I want it for it to Peak and then start to come back down so that might end up being 17. I Have no idea but I would let the price action like kind of determine that. but to me, Corvana looks strong right now.

Um I see some consolidation explosion? To the upside, it consolidates higher. It looks like it might be exploding again. Um, so I'm not saying that that's a bad place to do it. it's just I I Don't think betting against it is going to be happening like anytime soon because if anything, I see strength in Carvana.
Which blows my mind because I think Carvana as a company is a pretty shitty company. but you can't fight the trend. You can't fight the price action. All right Tesla you're being seriously not cool this morning like at all.

Brother Dude: Tesla was there news on it or something is Tesla's back is Tesla the Blackberry the EV industry Why analysts sees valuation at risk of collapse. Oh shut up. Oh shut up. Elon Musk The brother-in-law of China welcomed with feast and flattery on recent visit SDA is getting halted as Sun Car Technology Group Neo is at a new 52-week low.

That's brutal. That's brutal. All right. let's turn this frown upside down team.

Let's get some fun in this market. Target is so bad. Netflix Even taking a bit of hit once again, I'm watching Netflix no position on it. The other one that I'm watching is Southwest just waiting for the breakout I'm watching Southwest intently.

lower highs, lower highs lower highs lower highs lower highs and I'm looking for the breakout in the hold of this trend line. Could be interesting. Maybe playing it back up to 32? Maybe 36. Not the craziest play, but it's a decent risk to reward play because the risk is so minimal you're risking 28.50 and the upside could be nice.

Like you could ride this all the way up, potentially to 40. depending on how you want to set it up in terms of duration, but no position on it yet. But I'm definitely watching Southwest for a Breakout All right, let's go. let's get this party going.

is AI Still vomiting? Yes, it is. It's most certainly is. Oh brother, what's everyone's vote on today gonna be? Uh, having said that, Carvana Downside: Hall Yeah, but you're fo be careful of focusing on intraday movement like that there's a lot of Randomness in intraday movement. If you're trying to short at 17, I would argue that your thesis should be it coming back down to whatever seven.

so you're looking at like a multi-day movement on it. so don't get caught up in intraday movement. I Mean there's so, so, so much Randomness and intraday movement with that type of a thesis if you're a day trader. Yeah, okay, but that's different if you're a day trader.

We shouldn't really be looking at this sharp too much anyway. spy picking up Tesla trying to hold 201 Do I just get into Netflix Now do I just create this straight now Nflx Nflx Netflix options July July I Could either play July 21st or August 18th July 21st yo. Why are these so expensive? brother July 21st or do I want to play August August August August buying some time Team: Those are expensive too. Dude, why is why is this so freaking expensive here? I guess I guess I'll look at July 21st.

Hmm. All right I'm looking at July 21st Oh I already got the position Netflix strike price 450 July 21st um I Wanted to be the end of July but the next one was August 18th I Don't think that's a little too far out. Uh, obviously this is a lengthy play. This is not a day trade.
This isn't even a swing trade unless like I don't know somehow. uh Netflix like just rips to the High Heavens today. Um, but I played the 450s for the end of July the end of July Someone said no Rumble Today I'm on Rumble right now and I think there's a thousand people watching on it I'm pretty sure I'm on Rumble today. Let me double check.

Uh Nvidia Coming to life somehow somehow? Yeah, yeah. I'm on if you go to Rumble's homepage I'm right there. picks live debt ceiling passes, the house, and stocks pop. That's me.

That's me. that's me. that's me. this thing I think this new setup I think it makes it confusing of like who the current featured people are, but there we are.

uh Andrew Tate I guess did a BBC interview. they're pushing that right now. but yeah, no, we're over here on Rumble we're also on YouTubes Uh, there we are on YouTubes back to Rip City so we should be um and I actually think we are on Twitter as well. we are on Twitter as well.

We're on all three. We're there. we're there. we're there.

We're there all right now in video with the smack Netflix picking up. So I've done one trade today that is clearly a a swing trade. It's not a trade trade. My thesis on Netflix doesn't really have anything to do with the overall Market uh or the company as a whole.

it is if you look at the weekly. View To me this is a straight up cup handle and I'm buying the breakout. Obviously it might be coming back. My wrist is going to be around 350 so I have wide risk but I also have a pretty high price Target my my first Target my first Target is 458 and then on the daily you'll actually be able to see uh the other Target is this upside Gap bill at 507.

so first Target is 458. next Target is 507. um for it to possibly play out that's going to take time, that's going to take a considerable amount of time, which is why we are here on June 1st and I bought calls for July 21st. um I wish I could have somehow done it for the very end of July They just the option chain isn't built out that far and I didn't want to go as far as mid-august but who knows maybe I'll be kicking myself for that one.

Maybe I am getting a little bit caught up in just like recency bias of this pop right here. but my point is is I see a cup I see a handle I see a trend line breakout I see risk that's a little large but I'm still willing to take it. and if this thing can clear 4 14 about 412 413 whatever this is, if we can clear 413 I'm gonna be a happy duck. A happy duck.

uh the Spy unfortunately not looking good Tesla chilling and video chilling Netflix looking good uh Target at 127 dude the Spy Target just cracked 127 Target is just getting absolutely murked. Absolutely murked. Uh I guess we could do here I'll put Target over here for a second. yeah Target just vomiting little blah that's so bad.
Out of my own curiosity. how many of you are betting against Target right now my position I Just want to be honest and transparent with you. Target 125 puts June 30th I paid 165. They're currently trading at 390 so I'm up 137 on that.

Um, the only play that I really don't like is Nvidia man I don't know why I did that So stupid, so dumb. uh I need a miracle with Nvidia for me to have any chance with Nvidia would need to be above like 400. Basically today Target down my puts are printing me targets demise. Ksso is Kohl's the next one that's getting slaughtered.

bye Oh Kohl's isn't looking good either. Looks like Coles is making a B line to the low 15s. I have no position on coals but that looks that looks freaking brutal. What else do we have? Let's go through the the list of the day.

So the overall Market looking good. Whoa. Looking like nothing. It's an inside bar so we just have to wait.

either break out or break down. There's not much we could do right now. Uh, the cues look like maybe they got a little over excited. A little bit of an exhaustion top right here.

and once again, an inside bar. we're waiting. Nvidia inside bar sell off over the past two days. Uh I hate my play on this I might get lucky once again if it clears I Mean it would be a stroke.

It would be a miracle. A stroke. of luck to go above 403 today if that happens. I All feel better.

but dude, what a stupid play. um AI it. It's down below this trend line. This thing just got like merked.

Um, talk about like an exhaustion top I probably should just cut that Apple uh, starting to look a little weak on Apple actually. Um, there might be a bit of a play here if you're okay with risking this recent High which I do want to call out. just the fact that tomorrow is seasonally very bullish in the overall market and the overall Market has a lot to do with apple. Um, so yeah, you might be able to play this breakdown.

Your first capital is 175.77 The risk is a little far away from that, but if you think it's going to keep breaking down, maybe you want to Target 167 if you want to buy yourself some time. But just understand if you're going, if you're playing this breakdown at 176 and some change, you're risking three dollars and your first Target is only 75 cents. So the initial Target is not favorable in terms of risk reward. so you would want to be targeting something more so down here.

And please understand that tomorrow is seasonally very bullish. which if the overall Market's bullish, there's a good chance that that benefits Apple Uh, so just just be careful on that one. um Microsoft Microsoft I Don't see much of a play on it right now. it's just been.

Rip City um I Don't want to go against it, but it feels too late to go in support of it in terms of an active trade palantir I Feel like I missed that one as well AMD taking a breather like the rest of semiconductors right now. Intel actually had a nice breakout and it maybe comes down and re-tests this trendline breakout. If you guys are Intel fans I don't really trade Intel but I do want to point out fake out breakdown. then it breaks to the top side, see if it can hold this trend line and then maybe Target the start of this flag around 34-ish if you want and then maybe you leave a runner on past that.
uh what else do we have Target now bouncing a full dollar somehow do targets having a rough day. Uh, how's Budweiser doing Budweiser Still down all the way at sub 54 and this all really started to accelerate at 64. so down 10 off of that. That's just brutal, brutal, brutal.

Uh, what else do we have? What else? What else? Apple Google is popping? Uh, kind of. it's still in the range. like I said either one and above 126 or below 122. but as of now I would Define that as flat Amazon Not doing too too much, let's look at some of the airlines.

not much there. ooh Luv Getting smacked. What else do we have? Avgo Broadcom is reporting tonight. If you want to pay attention to this one, Um I don't think I'm going to play just because of how much I just got burned on C3 AI but probably some good movement on this one this evening going into tomorrow.

So I want to throw that on your radar? but I have no position on Avgo, What else is moving today? What else is moving? What else is grooving? Um, T-bills TLT Bouncing off of 100 flat, You have the 20-year treasury bonds pop in here. Uh, you might want to watch this downtrend for a little bit of a breakout. suggestive of uh, yields falling if you get that breakout because bond prices go up. Remember bond prices and bond yields, they're always moving the opposite way.

All right, what's going on in the overall Market Nothing flat in video with a little bit of a pop somehow Target gotta pop Tesla not doing much? Uh, what's moving today? What's moving? What's moving? Netflix All right. All right. All right. All right.

IEP is going up. Why? Well I mean that is how much do you expect it to go down I mean IEP has gone from 50 down to 18. it honestly just got its upside. Gap though I think I called that out to almost all of you.

but like IEP I mean I I don't know I I guess I just don't I don't find a bounce from 21 to 23 to be that noteworthy when it's fallen from 50 all the way down to 18.. Um, like you're gonna have some mean reversion plays like sometimes you get overextended in One Direction or another and that's what I think is just going on with IEP On top of it, you do have some rhetoric, especially from actually Charles Gasparino. Apparently he's connected with Charles icon in one way or another, and they're saying that like they're gonna fight back and use all the resources at their disposal. Uh, with Hindenburg so maybe there's some investor enthusiasm off of that.
But like this, whatever. five dollar bounce doesn't really mean much to me when it got slaughtered from 50 all the way down. Um, so I'm just kind of done with IEP at this point I Think it's just time to move on to the next play. What else do we have? Cvna Carvana I mean consolidation breakout I think the Bulls are winning this for now I don't think it's Gonna Last I think it's an active trade I wouldn't just be arbitrarily investing into this I would if I got into this now I'd be risking 12 I'm in at 14.

so I'm risking two bucks. which means at a minimum I think it's going to 16. my first Target would be 17. My next Target would be 20.

I'm not going to do it because I think Carvana eventually comes down. but if you're just looking for an active trade, this is a legitimate one. It popped it Consolidated looks like it's about to pop again. It has a 60 short interest I believe like there could be a little bit of a squeeze on it, but none of that is guaranteed.

Don't think because something has high short interest, it has to be squeezed. That is a complete complete complete fallacy. Please don't think because something has a high short interest, it has to squeeze I Do think this goes I have no position if you want to play it. play it I'm it's just not my play like I think there's other things going on like Tesla Netflix like that type of stuff numbers in 10 minutes.

Yeah, we're gonna get the uh, what is it the ISM Manufacturing uh at 10 A.M So kind of waiting for that and then I'm gonna have to do a little bit of a triage situation on my Ai and on my Nvidia at this point. what else do we have Tesla you annoying little bastard. Yeah. I mean that was a really nice pop to 206 and then right away nothing.

Nvidia Catching a little bit of a bid I Would love for uh Netflix to get going, but I I Cannot make this more clear than the fact that Netflix is clearly a medium-term swing trade. I bought it for Late July I'm giving myself what seven weeks, eight weeks this? This could very well become a two-month play for me. Uh, Nvidia Dude, if Nvidia somehow recaptures what's that 403, we'll call it. We'll just call it 404 405 because that's when it's a trillion dollar company again.

I might become the luckiest. The luckiest duck in all the land. The luckiest duck. Hey, while we're waiting for the numbers to come out in seven minutes, if you guys haven't already.

I Would truly appreciate it if you could destroy the like button on both YouTube and Rumble where we at on YouTube we're at 250, so let's see if we could double that up to 500.. there's 1700 of you in here. if 250 beautiful people could just quickly smash the like button and then there's about a thousand of you watching over here on Rumble So let's get that up to 250. so we need another 150 of you if you're watching on Rumble YouTube I would greatly appreciate it on YouTube It helps with the algorithm and Rumble helps out with the battle leaderboard.
It's free! I Know it's annoying to remind you, but it's kind of an important aspect of the business because the reason why I don't have to do like all this paid all the time is just the programmatic ads which obviously go up if more and more people are watching. So it's kind of like a win-win that I don't have to put some like all like my content behind like a paywall or some, um, nice eyebrows Matt Tony I hope you mean that and I appreciate it I Kind of take pride in my eyebrows I hope you don't mean that facetiously. uh Apple Going flat, not doing anything Target actually catching a little bit of a pop Netflix is successfully above 400. Uh, so let's see how that one plays out already up two percent on Old Netflix Uh I Very much need the Spy to pop.

What the are you doing spy spy spy Spy I bought for June 9th Why did I do that? Why do I perpetually not give myself enough time Honestly though we were at 4 19 this morning, so I feel like I did and it just didn't go my way. There's a difference between just getting the direction wrong and then getting the timing of it wrong. Tesla is apparently just not doing anything today, so let me know if that changes. Microsoft A bit of a pop Google a bit of a pop coming down Amazon flat not doing anything.

Dude, it's just nothing moving today. uh AV Go Avgo. Maybe trying to fight back above 800 they report I'm just only I've never really looked at them before I'm only looking at them now because they report after the market closes today. Broadcom another like semiconductor play.

Uh, so kind of in the world of AI What's what's moving folks? What's moving? What's moving I Feel like we're Is it really just that boring of a day thus far, Is everyone just awkwardly waiting for this 10 A.m report? Speaking of the 10 A.m report, it is the ISM Manufacturing and construction spending. so ISM Manufacturing coming out at 10 A.M CR crowdstrike is moving bouncing back, but that was a ballsy Buy good for you bouncing right off the EMA I mean even CRM is trying to get a little bit of a bounce Dollar General is not bouncing Dollar General is getting murked. uh Macy's trying to bounce a little bit palantir holding some strength, rum going sideways, not doing much AI not even in the green would I mean if it gets above 34? I mean there is an upside gaffle to 35.30 might be somewhat of a play. All right on the Spy what you're looking for or what I would be looking for is or what I'm hoping for because I have spy calls right now is for a ticket above 4 17 68.

Netflix Looking good? Uh, love it above 400 like I said I'm gonna feel very confident on Netflix if we get above that like 4 14-ish region. the 413 region just that's some resistance that we saw a long, long time ago. So if it can get above and hold above that I'd feel confident of like that 450 460 region acting as a bit more of a magnet. Obviously, it's not going to happen overnight.
That's not my uh base thesis. it's going to take time. hence why I bought myself time. snow is moving I mean it got murked after its earnings.

Okay, making a bit of a comeback. Maybe we can get up to 172 Upside: Gap fill on snow wall. oh I forgot I have those calls. this shit's just not moving Finance please.

Or maybe the Spy will get going. Maybe this buy will get going. We have two minutes until let's see these here. I'll put the volume on for this.

Do we have any other? Breaking News USA manufacturing PMI for May 48.4 versus 48.5 that was at 9 45 So we have the manufacturing and this was right here manufacturing and we're looking for the ISM Manufacturing and then just so you know, Harker speaks at 1pm today. Come on, Come on, come on, come on, give us the good stuff. which way are we going Nvidia maybe not costing me all of my money Tesla watch for Tesla to get above 202.50 202.50 could get interesting Netflix pushing and video pushing. Um, so the Netflix play is already working out somewhat.

I mean I'm up eight percent. Not a bad day. Uh Target I have seven. Basically I'm just in triage mode on Nvidia I'm basically just seeing if I could recover some of these the recent losses on it.

like just such a dumb play fed going hard in the paint. 50 basis points next meeting I don't know about that. That would be kind of insane. I mean I would like the I would like the drama surrounding it but I don't know if they'll do that.

What happens if your option contract expires in the money, but you don't sell your or close your contract? Oh by the way, uh Mr G Clapper your your brokerage will exercise or not like they're gonna sell your contract if you don't have the money in your account to exercise. most of the time the auto default is to sell. you could switch it over depending on your brokerage to an auto exercise. Most people don't do that, but if you don't have the money in your account to exercise The Brokerage it's just gonna sell your contract.

Probably like in the last hour, the last half hour, the last 10 minutes. All right, All right, All right, All right. All right. All right.

Matt Don't get tilted. my guy. Oh my tilt was last night. I'm feeling fine right now.

My tilt was listening to the C3 ai's earnings and then also reading the report when it came out at like 4 10 yesterday. Uh, that was my tilt moment right now. I'm feeling pretty clear with this Netflix play because like I I don't know. like I just like it I like it.

It's like it's a very classic technical breakout. this is BC oh holy are they gonna give us Rick good Thursday morning welcome to another I Don't think I like this. Straight on. Sarah Eisen with Carl Cantonian David Faber Live for you Yeah, the New York Stock Exchange starting off the month of June a little bit lower, but in a tight trading Range S P is kind of unchanged.
The NASDAQ is outperforming despite some big losses on give us the numbers: General C3 AI We're going to do this and a lot of economics in the training session. Here are some movers we're watching right now. Rough day for a number of retailers. names like Macy's Dollar General Pbh all in the red on the back of their latest outlooks.

Warren With that signals on the say, the consumer in just a moment look at crowdstrike shares plunging the cyber security company beating. They're going to give us the numbers girlfriend help us out around four and a half percent. it's off the lows and then Meta continuing its ride. higher stocks hitting at now new 52-week highs today Shares are up more than 120 percent since the start of the Year CEO Mark Zuckerberg Kicking off an Instagram Live right now teasing a big announcement for the company, our Julia Borsten is monitoring it and we'll bring us some lines yo Marky marks doing an Instagram live including ISM Let's get to Rick Santelli one that's the best level since November Most likely that has to do with the following data points: ISM Manufacturing 46.9 46.9 That means that is the seventh in a row under 50 in contraction Territory Prices paid 44 contraction territory All right, lowest level of the year and prices paid going down is a good thing.

most likely explaining field that is the lowest prices paid since December when it was a whisker under construction spending we have seen them more money in construction point in the rear view mirror on Price is paid is 53.2 That's a great drop on the employment scene considering this is employment week employment Friday Tomorrow 51. buy up slightly on the noise. That's the best read. Going back Well, all the way, that's pretty good.

Oh Brother Marks to find a better read: March of last year. and finally on the New Order side. Not good news. The ninth consecutive month under 50 in contraction mode.

Just somewhat similar to the headline at 42.6 and that is the weakest since. uh, well, 44.3 was marked so you could put the two together. 42.6 drops you to the second lowest reading of the Year outside of January When it was 42.5 we continued to monitor his 10-year note. Eels seem to be approaching three and a half percent and everybody is waiting for announcements on where the supply is going to come from with regard to the yield curve T Bills to replenish once the final votes are tallied on the default aversion of course Sarah Back to you yeah! I think there's some funky three three days.

it's a burn burner release today I Don't know what the that means but I like it I'm going to start using that guys. the manufacturing read that Rick highlighted very well which is crazy I Think it speaks to what we've been seeing out of the data. As my daddy's daddy used to tell me, there's two types of men in this world. There's men who burn Barns and there's men who don't burn Barns And one of the biggest decisions you're ever gonna have to make in your life is which one.
Are you. Are you a barn burner? or you would not barn burner? Because Rick for one is clearly a goddamn barn burner. You know lately? that's what we love them. 17 Targets on pays for 10 straight down days and straight down all out.

But let's just talk about what we heard from Macy's and from Dollar General the quote that everyone's reading from. If anyone's listening to CNBC in the background or something like that, could you let me know? If they bring on the whole um, like Zuckerberg live announcement type of thing, we might be one of watching um meta Tesla breaking out Netflix taking a breather and video taking a breather Um Tesla Tesla Tesla Above 20230 20250 There we go. Tesla's on the Move Let's see if you can get back to 206 the intraday High Nvidia popped from 384 up to 392.. it doesn't really excite me unless it gets above that 400 level.

That's going to be clear resistance. The Spy is turning around and you're going to want to be seeing the Spy right here. Now for those of you who are like yeah, well how would I have played this well obviously the breakout right here that came out 10 on the news and you would have just been risking the intraday low So you would have been around for 17 40 and you would have been risking for 1680. So you've been risking 60 cents which you're now up.

so you're at one to one and your first Target level is 4 18 30.. you could scale out a little bit there and then you're looking for the continuation above that if you have a little bit. If you care a little bit more of like the larger time frame I care about 418.75 and then 419.25 So there's a 50 Cent region right above us that could act as resistance. It probably will act as resistance once again for 1875 to 419-25 I'm looking for the break and hold of that and then from there I think we could be cruising around of like 4 20 50.

Something like that like just about 420 would be my next interest level. Really, what I'm looking at is more so on the Futures Market I Find it easier to look at like certain levels of importance and moving averages and Macd and all that good jazz on the Futures Market Just because it trades on what's referred to as the Globex session, Futures trades 23 hours out of the day from Sunday night until Friday night. so it takes a break from 5 to 6 p.m so it opens up at 6 pm on Sunday and then trades so 5 p.m on Monday takes an hour break opens back up at 6 pm and it does all that till Friday and then it takes off Friday night Saturday most of Sunday and then it opens back up Sunday night that's referred to as the Globex session and the fact that it trades so much longer. To me it you just get a better picture like you're not seeing as many gaps and whatnot.
so it's just more of a cohesive picture. But anyway, it looks like we are currently pushing back up to these moving averages. Let's see how it reacts because not only do we have just technical resistance, but you have a key psychological level of 4 200. um, that will be a tough thing to get over.

it could happen I don't know we're going to get there all I can tell you is that it'll most likely act as resistance. Does that mean it's going to break out? Maybe. Does that mean it's going to get rejected? Maybe I don't know I don't know what I'm talking about. we're just we're waiting for the reaction.

All I can tell you is this is a price level of interest and we'll see how it kind of goes from there. but we are now at the intraday. High the Spy just tagged it uh Tesla trying to get going training at 203 I Think things can get exciting above 206. Netflix Holding 400 Really like that as soon as I can reasonably do it I will be moving my stop loss on the Netflix play to break even.

Um, and if we get above and hold above 413 414 I'll actually move my trailing stop loss to being somewhere in the positive so the play doesn't cost me any money. but Netflix once again, that's my newest play of the day. Uh, and just to remind everyone of that: Netflix strike price 450 expiration July 21st not June 21st July 21st I got in at 985 They're currently trading at 10 20 so up ever so slightly. The other play that I'm up on right now is Target of 92 on that we gave that at a couple days ago AI I'm down 94 on that place Buzz that's a perfect way to burn 5K on Tesla I'm actually down by 12 right now.

Uh I guess the volatility contraction has just screwed me. Uh I have two twenties for June 16th. Um so I still have two weeks on that one. two weeks in some change.

Uh, Nvidia I'm down 76. That one's brutal I don't even want to look at it. And then on the Spy I have June 9th 420s and that's actually down seven percent I'm surprised on this push that it didn't go green for me. So I think if I get above that 419 25 level I should be looking good, there should be looking good there.

uh in video going the way I don't want it to go I want that above 400 to have any shot of like saving me any shot of saving me I just need t

3 thoughts on “Back to rip city?!”
  1. Avataaar/Circle Created with python_avatars Kickin Toddlers says:

    Anyone watch the odd video Matt just posted?

  2. Avataaar/Circle Created with python_avatars Astartes Party says:

    He’s actually our god not our guy

  3. Avataaar/Circle Created with python_avatars X XV says:

    Now that's a Barn Burn.

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