Foreign. Foreign. Oh brother, oh brother, hello hello, hello good morning, good afternoon, good evening, good night. You are back for the market wrap up for the first day of: August We're talking eight slash one slash two three of the Matt core show I Hope you're having an absolutely phenomenal day I Hope you're making money I hope you had a good breakfast I Hope you had a good lunch and I hope you're excited for a very, very good dinner.

Let's get let's get the important subject out of the way right now before we talk about any old stonk related thing. Did you guys peer pressure me Internet bully me into going out of my way today to Scurry on to a local store local convenience store just so I could buy the appropriate hair product. you did. But out of my spite I have my whole Mantra of mom get out of my room.

you can't tell me what to do I decided to not put it in my hair. Will it be in my hair tomorrow? Yeah because I got really embarrassed today. but in terms of taking my stand against all of you on this very specific day, I bought it but I did not put it in I did not put it in because you can't tell me what to do. you're not my mom So on that note, we should also talk about some of the other important things that are going down now.

I Know that's hard to believe you might be thinking to yourself, there's more important things than that. There is more important Things than that. Well, barely, maybe a little under. There's things that are in the same level of importance, such as the newest meme stop rip into the High Heavens I'm talking about T-u-p I'm talking about the Tupperware company I Want to get into that I want to explain what's going on and just really the insanity of the overall situation I Want to talk about how Twitter kind of got in trouble and people were like hey, you're like more racist and anti-semitic and horrible than you were before and they had the studies to prove it and now that person's getting sued and then obviously we're still in the middle of earnings season.

So I'm going to call out what to be paying attention to because we might see some High Flyers and just some other things that I thought were of generic importance that I think you're gonna have a good one I think we're gonna have a good discussion, a good talk and we'll see if the market makes a good push into close today. So that's the plan I Hope everyone's cool with that. Uh, thumbs up. Don't actually hit the like button today I Just want to see a good old a good old-fashioned thumbs up if that sounds like a good one.

Puts season that's aggressive, That's very very aggressive. Let me switch this over so you can see what's up. Uh, we were looking pretty weak this morning. Things changed around 12.

45 This was a nice bar to go long on when clearly the trend was changing. You even had a second opportunity to get along at 145. I Will be doing some chart review, but it looks like we're closing with a little bit of strength. Um, obviously closing above yesterday's low.

Same with the NASDAQ tup. you know it popped this morning going sideways but still up 25 as I'm talking, you know I Had a really nice day. Rum Rum Rum Rum Rum Rum Rum. Where'd all the rum go? A nice 2.3 gain, but coming back to that nine dollar level S P 500 Falls To start August As the busiest week of earnings, season continues.

Yes, we're going to be getting into that, but before we talk about it, I Do want you to know that from a seasonal perspective: August is a little bit up, a little bit down, a little bit up, a little bit down. It kind of just goes sideway at the end of the month. There's a little bit of a seasonal bias to the upside, but overall August is not built like July July The seasonal bias is bottom left, top, right, rippity, skippity doodah partner August is not built the same August is very much just a little bit of sideways. Now this next story has nothing to do with the market at all, but it's something that I saw on the internet and I felt the need to share with all of you.

Phoenix suffers a record 31 straight days of 110 degree highs and more. Heat is on the way my viewers from: Phoenix Are you all right? This is beyond disconcert. Are you melting? What's going on in Phoenix Right now, are you just walking around with like ice taped to your body? How are you surviving? Are you allowed outside? Is there an eye outside? Do trees melt? I Have so many questions I have so many questions. so many questions.

how are people surviving in Phoenix And in a weird way, do you think that it's more temperate more? AC In literal hell I Just so many questions are going through and that's why I wanted to ask all this like it's a month you're turning into like little heat Gremlins Are you just walking around with sunburn the whole time? Does your blood boil? If you were to eat soup and heat it up, Do you just put it outside and wait 10 minutes and then bring it back in and it's boiling? Are you saving money on the fact that you don't have to use an oven anymore? You just cracking your eggs on a rock outside? There's too many things that I need to ask you because of this situation and more so I Just want to comment that I I Hope you're okay because that that's just absolutely insane insane. Twitter Now called X Whose Researchers who showed Rise in Hate speech on platform after Musk takeover X-corp formerly known as Twitter filed a lawsuit on Monday yesterday against the Center for Countering Digital Hate the Ccdh. So busy. basically like digital Hall monitors digital Cairns Hopefully they never get access to the old like Call of Duty lobbies because those people, their minds would melt as much as ice cream is in Phoenix right now.

anyway. uh, Federal Court in Northern California executes the British nonprofit of law unlawfully accessing data from Twitter to falsely claim that it had statistically statistical support showing that the platform is overwhelmed with harmful content. In June The Ccdh published research focusing on the rise of anti-Semitic and anti-muslim hate speech on Twitter after the Elon Musk bio. Now obviously they say hey, we have the information and it's right and they're saying no, you don't know how to do statistics and all reality doesn't really matter to anyone beings.

Twitter is not a publicly traded company. Probably not, but it seems like Elon makes a lot of news and people are interested in what's going on. Twitter What's going on with X I Guess even though we can't invest or not invest or anything like that I Guess my question to all of you is do you feel like truly, whether you like them or dislike them if you're being as objective as you possibly can since Elon Musk bought took over, Twitter switched it to X in that whole I guess trial and tribulation period. Do you think that it's a worse place or a better place? Do you think there truly is more hate, racism, sexism, misogyny? any ISM out there? or do you think that this is more of a the fact that people don't like Elon So they're gonna go and do whatever they can to kind of discredit it.

Like do you think that this is accurate or do you think it's not accurate? It's way better, better, way better. Uh, it's I People can say what they want better. no isms, same I Feel like it's the same personally I Don't think that there's actually much of a statistical increase or decrease I think it's the same and the only reason these people are doing it is they probably just don't like musk. I Don't think these are necessarily objective researchers if that makes sense.

but anyway, that's my opinion on it and I'm just curious of where you guys were on, uh, how you guys were viewing it all right? Moving on to some of the bigger issues impacting the entire Market the entire economy and not just the digital ecosystem that is in fact. X I Want you to know that for tomorrow? Wednesday August 2nd, we will be getting the crude oil inventories at 10 30 and about two hours before that, we're going to be getting the ADP non-farmal employment change. Now on. Thursday we're going to be getting some Pmis and then on Friday Since it's the first Friday of the month, we will be getting the non Farm payroll report also known as the unemployment report.

Today we got PMI numbers and prices both coming in a little bit short and also jolts coming in a little bit less than expected. On this news, the market did have a little bit of a pop around 10 a.m it was the old liquidity. grab the old fake out, make a new fancy high and then get smashed Now I do want to talk about certain opportunities that I thought were good to trade today, not good trade today so we're going to be coming back to that in a second. But you can see a little bit of a rug pull situation.

so I want you to know that in terms of macroeconomic reports and you should also know that there's other things going down that can move the market such as: Tuesday after the market closes we're hearing from AMD I would argue the world's second favorite Semiconductor Company We also have Devon Energy nice nice dividend Pinterest Starbucks microstrategy on Wednesday we have CVS we have PayPal we have Shopify we have Qualcomm we have oxy we have Unity we have Robin Hood on Thursday we have the big Dogs Amazon and Apple also coinbase is in there with Airbnb and DraftKings and then on Friday Nicola which a lot of people are currently excited about for next week. There are some other ones such as Disney which I'll personally be paying attention to. So not only the macroeconomic reports, but also all these earnings especially from the companies such as Apple or obviously gonna have a massive impact on the market. and if you haven't been paying attention to it lately, we are rippity skippity doodle.

Ever since October we've been ripping and we've really been ripping from March until now. And it begs the question: What is going to happen that causes the market to come down? Or maybe a better question is what needs to keep happening to keep pushing the market up. Free spending Americans Fuel Upbeat consumer earnings surprises. Well, let's give it a listen.

Let's give it a little listen. Rue Is this a backdrop for inflation continuing to cool? Or do you challenge that? Do you think that because of the labor market strength? because of what we're seeing in the rest of the economy, It's difficult to say that I Think it's difficult to say I Mean certainly when you look at manufacturing, It has been in recession because consumers are no longer buying goods only because now they can get out there and buy services. And of course, we've been talking a lot about travel and and certainly that's what people are doing. So it's hard to imagine, at least in the short run, the manufacturing sector, you know, turning back around anytime soon, but certainly we have to pay more attention to Services that's the bigger part of employment, and certainly that's still being bolstered by the fact that some Industries still haven't recouped all the people that they lost during the pandemic in terms of layoffs and again, companies are holding on to labor.

and with that holding on, they're also increasing wages and benefits, which is quite costly and that feeds directly through to inflation data. Earlier this morning, John and I were talking about CVS and how they're engaging in another round of layoffs with their Corporate Offices not necessarily in their front line workers in stores. How much has this continued to be a white collar recession in ways that really don't really aren't really fully represented in the overall data. In other words, there have been Pockets that have seen much more substantial layoffs and weakening than really is expressed at the headline level.

well. I Believe people think it's a white collar recession because when you look at who's playing finance and those tend to be white-collar jobs. But we have to remember Tech And finance did incredibly well during the pandemic. There was a lot of demand for both and there was a lot of over hiring in both of those sectors.

And so now we're seeing right sizing in finance and technology and we are seeing some of the layoffs spread out to other areas. But the reason why you're not seeing it? Nothing moving. Most of the demand is for services that are in person and there's not a lot of supply of labor for those types. And so that's why you're still seeing a lot of children there.

and that's why it seems like it's a blue, a white collar versus a blue collar recession. But I think it's better most middle movement possible and she's like I got it I'll rock it Anyway, it is kind of good to know what's up in terms of the fact that some earnings are surprising. To the upside because a lot of people are still spending and spending and spending. And then it brings up a little bit of a discussion of will we pull off this off Landing only pull off the soft landing and honestly, your guess is as good as mine.

Now hold on for a quick second. What do we have going on? Market is dipping a little bit into close. a little bit of a dip. We were moving, we were definitely moving and now the cues broke down from their trend line.

I mean no matter how extreme you make it, it's definitely a little bit of I guess just another scratch day similar to yesterday where Monday was really boring. Like Mondays Have been over the past couple weeks now, but uh, today I mean a little bit of a fake Out To the downside, going back up and into close looks like we might just be closing at our opening values. uh, the spy and the queues coming down a little bit that were not that far off literally right from where we opened. So I mean I know a lot of things can happen in the next 15 minutes.

We did see craziness into the close yesterday. I wouldn't be betting on that happening again. Of course it could. but I'm not going to be betting on it.

Oh man, uh. but we'll see a little bit of selling over the past half hour. So anyway. Tupperware Currently up 20, currently up 20 percent folks I Don't know if you've been paying attention to the market at all recently, but there seems to be a new stock going rippity skippity Duda A new meme favorite that's taking the World by surprise now.

Obviously the people who have gone long are stoked about it because they're saying either a short squeeze, a gamma squeeze. They don't know what kind of squeeze they're seeing, they just know it's going from the bottom left to the top right of their chart. Now, obviously, the people betting against it showing this is fundamentally overvalued and it doesn't deserve to be here. They're getting absolutely steamrolled and at the time that I'm filming this, it's really no different whatsoever.

I'm talking about T-u-p Tupperware Brand Corporation Here's a little bit of a look you see of How It's performed recently I Mean over the past week, up 277. Over the past month, it is up over 600 percent and on the year to date making a recovery in the green up 34 percent. But this really really started to get going at the end of July and as once again, I'm filming this just for posterity's sake, it is currently up 777. That is wild.

and of course when you make those kinds of games in a handful of days it starts to turn some heads. Tupperware stock surges to build on July gains. It is going. it is going, it is going and I want to dive into what's going on and maybe give some opinions of myself of if I like it if I don't like it now I just want to take a a quick beat right here to let all of you know I have no position on tup I'm not long I'm not short I'm not I don't have calls I don't put I have nothing to do with it I'm just tracking it as a story because it's fun to see what's going on with some of these.

High Flyers Tupperware Pops 800 percent surge as meme trade Burns shorts and boy is it burning them Tupperware Brands Corp has been warning for months that it may go bust, but that isn't keeping retail investors away from powering an eye-popping rally reminiscent of Arona era meme stock craze. you see in a kind of a little bit of a trend here where there's companies that are particularly fundamentally weak and then they're getting targeted by shorts and people shrug their shoulders and they think, hey, be kind of funny if things started to go the other way, huh? There Babo, the iconic food storage container company has served more than 800 over the past two weeks as investors pile into the stock dinging short Sellers and sparking excitement across retail. Trader Platforms Well, of course, when you go up 800 in a week and a half, there are people making disgusting gains and I applaud them I wish I was in on it I'm not. but if you're making money, congrats to you Retail! Traders have bought 15 million worth of Tupperware shares since July 21st when the company's market value stood at 40 million.

Data from Vanda Securities shows since then, it's more than quintupled to 224 million. The company, the board. they're probably sitting there saying, what do we possibly do with this Tupperware's ticker was among those shining on retail. Trader Chat room stock twits while mentions on Reddit's Wall Street beds Forum jumped alongside with the surging stock price.

Yes, because obviously retail is very excited in what is exciting and it makes it get even crazier. It's kind of a self-fulfilling prophecy of sorts. That's despite the company warning since April that it had substantial doubt as a going concern and had engaged in financial advisors to explore options in. March It identified a material weakness in its internal controls that forced it to restate prior results.

Once again, the trend of a fundamentally weak entity getting shorted and then people end up buying it because the people who were maybe a little bit early on the short just end up getting absolutely decimated. The Stock's recent gains have cost short sellers roughly 37 million in paper losses over the past month, and as of now, it seems that that number's growing and growing and growing. Still, the stock surge is only increasing short Interest: Roughly 30 percent of the shares available for trading are currently sold short, and the highest level in more than a year and a spike from less than 10 in November. So I get you some updated numbers.

At the time that I'm filming this, the short interest is estimated to be just below 31, the shares on loan are 14 million, and the cost to borrow is 134 as of this morning. If I were to do this live right now, the average cost to borrow is around 305 for today, and then finally, the utilization is maxed out as in all the shares as of yesterday at close that could go on loan to potentially be short or on loan, and could potentially be short, so the entire pool of shares to take a legal legitimate short position are out there. They're at least on loan now. That doesn't mean that they're all short against the company, but they are at least all taken by someone.

So when we look at this stock, and if you're listening to this, if you're paying attention to this, if you have any interest in this, there's a pretty good and evident question. Here is: how much longer can it go? How should this be handled I have a lot of thoughts on that and I want to share it with you right now. First of all, I wouldn't Diamond hand it I think just arbitrarily saying I'm holding it forever is silly. You're in this to make money.

Which means you need an entry plan and an Exit Plan you don't just have an entry plan and then say I'm Diamond handing it and hold it forever. We know historically when we have these High Flyers they only fire for a little bit before they run out of gas and come back down. The question is, how do you pinpoint that top? It's not like these things shoot up and then just go sideways. They shoot up and they come down most of the time more aggressively than they even went up.

This is how things have played out historically: I Don't know how it's going to play out this time, but if I were in it once again, I'm not I'll just do a trend following methodology I would either do a trailing stop loss I would do a mental trailing stop loss I'd be paying attention to the previous daily bars low and as long as we're trending up higher highs, higher lows I would be in the play. But as soon as things start to look a little bit weak, as soon as maybe there's a big red day on some serious volume, remember like okay, I'm stoked about these. Gates Now now, from this point, you might be questioning what could keep it going well in the most rudimentary level. This is just when there's more buying aggression than there is selling aggression.

when there is that imbalance, Price obviously goes up. Prices always looking to be at an equilibrium of when the buyers and the sellers are equally strength. If there's more buying, more aggressive buying going on, price goes up, and then if there's more aggressive selling on, then price goes down. So the question here is okay.

what could produce more buying? Well, we're going to be talking about squeezes, but remember, there's two major types of squeezes and they can kind of cause each other. The first one is a good old-fashioned short squeeze. These shorts 31 of the free float is bet against this company. so as it continues to go up, people might be like wow, my risk is being hit to close the short position.

Well, first of all, to create it, you'll have to sell the stock. to close it, you have to buy it back. Well, when you're buying it back to say hey I'm throwing in the towel I Admit defeat. That adds more buying pressure.

the other thing of this? it lives a little bit more in the world of options right here. So remember options. It's a single dealer market, so basically when people are yoloing into calls, they're saying okay, cool, give me the right to buy this stock at a certain price, on or before a certain date. That's the expiration date.

Well, the people who sell all those calls these option market makers. At first they're like cool I'm just going to collect this premium. but as things start to Trend upward and more and more of these calls go in the money, they have to balance their book out, they have to balance out the risk, and they do so by buying the underlying Equity from the market. So more buying pressure.

So in the options world, you have what's referred to as a gamma squeeze. In the equities world, you have what's referred to as the stock squeeze. But they're both just squeezes because really, what they're representing is kind of a snowball effect of buying pressure. Now, eventually, when the calls end up expiring and they don't have to have that anymore, or if the shorts that end up getting bigger, or if the people who are going long run out of capital, that's kind of when the party comes to an end.

But as as long as we're seeing that price trending upward, it's continuing to put pressure on really, the options market makers who sold a bunch of calls. and it's also putting quite a bit of pressure on the actual shorts on the equity. So no one on this planet, no one on God's green earth could tell you where this is going to go to. The goal here is to get the meat of the move.

You probably didn't Bottom ticket: You're probably not going to top ticket. That should not be your goal. The goal should be like hey, it's moving, it's moving, It's moving okay and it starts to bend down you take you take your money I would not dime in hand this I would simply employ a trend following methodology. So Tupperware as I alluded to before, clearly the high flyer of the summer session among some other ones, but this one is ripping like an absolute monster I didn't get a piece of it I hope you did and I wish you the best of luck as you're kind of managing the exit of this trade.

I Hope it keeps going I Hope the people who are betting against it. it's fun to watch. It's enjoyable to watch. I Think this type of stuff teaches a lot of people about the market, especially when it comes to the world of risk management.

But if you're in, if you got lucky enough to get in early, if you were degenerate enough to play it, hey, just keep your risk intact. Don't get greedy. I Want to wrap this up by a golden golden reminder within the market? the Bulls and the bears eat. the Hogs get slaughtered.

Do not be greedy. And like I said before I Wish you luck with this particular trade now. I Do want to do some market review, but very quickly, just with respect tomorrow. In terms of the overall: Market the it's kind of neutral, kind of bearish.

I mean a slight downtrend. Uh, the Bulls have won just under half the time. The profit factor is 0.57 Every dollar spent has returned only 57 cents for the S P 500 for tomorrow I Just want to get that out of the way now just so we can actually talk about what's going down in the overall market. So here we are with apparently a bit of a pop into close.

I Guess we are popping again into close just like we did before. That's I Guess crazy. Okay, cool. Um, so first of all from a daily chart.

Uh, we did puncture below the low of yesterday and I personally am a Trader I'm a big fan of knowing if we're above the previous day's high or below the previous day is low. I Like to be a trend follower before we're talking about Tup. I'm looking to continue to ride Trends That's where big money comes from whatever time frame you're trading on. Riding the trend is where you make your money and obviously if you're wrong, you want to cut your losses very quickly.

So early this morning, we broke below yesterday's low, which gave me the indication that maybe I should be a bit short. Obviously this red line is also suggestive of the fact that a lot of internals for the market was also leaning a bit bearish. but it's probably no worthy to point out that as we're getting into close here uh, we're actually having a little bit of a green switch. a little bit of a bearish to a little bit of a bullish switch here.

But anyway, so this morning I was waiting till 10 because I know those announcements came out I knew that when we vomited right here, we're below the previous day's low. so I was looking for an opportunity to short I would contest that this was a good shorting opportunity right here. Because we vomited, we came back up to these exponential moving averages and around 10 55 11 we started to turn back over and then obviously it's kind of up to you of where you want to take your price, your profit targets how you want to manage your risk. For me, I think it's as easy to say as like okay if you go short here between 10 50 and 11 whether you're buying put or in the Futures Market or however, this is more of just like a technical talk I would be risking 456 65 and now obviously you could write this down even on the pop, the pop didn't come up that high.

We have this High followed by a high at 11 30 followed by a high at 12 20. these Highs are continually lower and lower and lower and it's fair to say okay, maybe you should be taking some profits right here at 12 30 when we hit this previous low. Now if you continue to hold through this and you're like nope I thought we were going to go more I thought we were going to do better well I would be looking at a trend line around here and I would notice. uh oh right coming out of lunch we're seeing some bullishness so this probably would have been the extreme to which I would have been short on the day because okay, clearly could be representing a change of trend and it's roughly about where I'm break even and I already theoretically should have locked in some profits.

so whatever. Now the next time I think it was realistic. trade was right around here. so we pop up all the EMAs go green.

there was a change of trend, they tried to smack it down but they refused to do so and then we pop right here around whatever 150. I think that was a realistic place to go along. If you missed it, you have to wait. wait wait, it pumps up, pumps up, pulls back and then we sh.

It shows strength again. I Think this was another realistic place to go along. right around 2 30 235 and if you missed that one I actually would contest that right Here at three was another place that I think it would have been smart to go along because we pull back, we are not putting in a lower low. we actually have a higher low and then it keeps pushing.

Now in this particular scenario, would it have worked out well for you? Well, obviously if you went long at 56 24, yeah, you're still good. Maybe you're sweating a little bit right here, but you probably could have taken care of that at 3 35. if you ended up going long in this scenario right here, whether it was 235, or if you ended up going along here at three waiting for those pullbacks and the pushes, well, the ending of the day is obvious getting a little choppy. I mean really, your wrist should have been set here 56.50 We vomited through that, so you probably would have been stomped out if you were a little bit late to the party.

But this kind of brings up one of my specific trading rules of unless I'm intentionally swinging like I'm like okay I want to swing into earnings this that the other thing I don't the later in the day it gets the more I don't want to really deal with it past 3 P.M in power hour I Want to be closing my trades I don't want to be creating new trades so I just want to do a bit of a review. and yeah, I used to spy at five Minutes just as an example today, but obviously you can employ this however you want. like if you're looking at the 50 minute on a Futures Market in OJ it still works like we're more so just talking about technicals like it doesn't like I just chose to use the spy in the five minute. you could be using Apple on The Daily We're more talking about bar formations and risk to reward setups and understanding.

Okay, where are we on a larger picture? So even though I'm in the five minute I paid attention to the daily. If you're trading the daily, you could look at the weekly I like to know where we are in a bigger picture and I like to trade in Trend with said bigger picture and then when I drill down into a smaller time frame. Well, okay I see that we vomited I'm looking to optimize my risk to reward by waiting for a counter Trend move and that's why I think going short here was realistic and really, you could have been done with the day. At 11 30 you enter a trade at 11.

You work for 90 minutes depending on how you choose to size it up or the derivative or whatever. Like obviously the world's over oyster. You could choose to do what you want. But really, this game always always simply boils down to risk to reward when you get into a position, well, whether long or short, what are you risking and what is your potential reward and you need to be journaling this or documenting it or one way or another Because then that gives you an idea of the accuracy of your trading methodology.

And as soon as you know roughly your accuracy, well, it's time to start looking at the average size of your winners and your losers. and then you know if you have a winning or a losing methodology on your hand. So I don't know I think in the Power Hour show do you guys like these times of like a Daily Review of like where I think it was smart to go long to go short. maybe this gets busted up that gets busted up? Do you like this kind of a breakdown? like do you guys find that helpful or do you want me just to like continue to pump Hopium and like just tell you whatever you're in like is right and you're gonna be making money.

um, did AMD hit AMD should be reporting momentarily momentarily momentarily AMD I believe it comes out at Pump Opium Just to tell you you guys are like, oh, crushing it. Whatever, whatever you guys are in, whatever you're betting like betting on, um I I Fully agree with you I I Already Fully agree with you Um, information changes the situation of course and it could change it in your favor. It could change it out of your favor. That's why even when things look amazing, you need to have your risk somewhere.

You really really need to have your wrist somewhere. Uh, please check the AMD I mean Amd's up. it's just not moving yet I'm waiting for where's my look at all those options on Tup. People are just yellowing so hard.

Uh AMD latest latest, latest latest Moment of Truth Moving to Truth Moment of Truth Let's go. let's go. Beep Boop! Here's what I found AMD AMD Uh AMD Does anyone know what time it comes out? The report, not the call? Uh AMD 15 minutes after the hour? Okay, so we have a little bit of time to kill a little bit of time to kill. Um, you know, even though you guys made fun of my even though you made fun of my hair today, I'll hang out I'll hang out till 4 15 just to see what goes on with AMD AMD AMD AMD Uh AMD Closed out today at 117.60 Let's see how high flying this particular play can go.

Uh, what? AMD report it's earnings. Dude, it's earnings brother. It's earnings. It's earnings.

It's earnings all right. Where are we at? Well, while we're waiting for that? I Do need to do a little bit of a chart update. Like I said I always like to Mark out the highs and the lows so they'll still just make my life a little bit easier for tomorrow. Uh, so those highs.

Those lows. Cool beans. All right. Highs.

Lows good there. Uh, we definitely don't need this one anymore. You guys are seeing my super secret process every morning before stream. I Just have to update these so I know what the hell? I'm looking at all right? So we did that.

15 15. where are we over here? The daily, the daily, the daily. Update this as we're just waiting for AMD Amd's numbers uh, should be coming out momentarily. Uh, looks like we have about 12 ish minutes.

12 ish ish up or down. and that's if chat's telling me the truth I don't know what my relationship it currently is with Chat. In all reality I Think we're just gonna have a freaking massive high flyer math oops, didn't need that. All right.

Where are we at? Is it doing anything? Not really, not not particularly. uh. foreign station for the day. Oh so while we're waiting for this, our Tup earnings today I think it's actually tomorrow? Uh.

Tup earnings date: August 2nd tomorrow. Yeah, okay, uh tup. Let's see. does it have before or after? I Mean it's really not that good of a company like they were.

borderline. The reason the short interest was betting against is because they thought they were going towards bankruptcy. Uh, so I mean I wouldn't be looking at it for any form of a fundamental play, but it is fun to watch you don't. you can make money on things that are not fundamentally sound? That's for sure, that is for sure Sure.

Um, if you haven't already sign up to become a goonie macros at Locals.com it's pinned to the top of chat. it's in the description of the video. Become a goonie today or else. And trust me, you don't want to find out what what or else means.

You know in this particular scenario you don't want to be that guy. You definitely don't want to be that guy. Uh AMD AMD Uh, probably more accurately priced on Nvidia for sure What? Justin Goldman Sachs Analyst found dead in New York City Creek What? What's going down? What in the world? I guess New York's not messing around uh, breaking CVS to fire over 5000 employees in order to cut costs if you say so. Burr other if you say so um I had something to talk to you guys about, but now I forget.

Well, we're while we're waiting for AMD Oh I know. Okay, so I've never traded on a prop account before and I'm also going to be honest. I Loosely Read the rules. It basically said hey, you got to get your your numbers up here before they go down here to pass our test To pass our test.

Basically, you're trading. You're paying to trade on a paper account and then if you do well enough, they give you actual money but they are always monitoring what you're doing. Is your account up? is your account down blah blah blah blah blah So I think the account that I had I don't know where was it I don't know I was I had to go up 3 000 before going down 2.5 and this is on me. This is on me.

This is why you should probably read the rules of what you're doing and what you're not doing. So I thought the challenge was either the profit Target I think was 3K and I started with 50k of paper money. So I thought the game was what happens. do you get it up to 53k or the downside was a loss of 2.5 k.

So was that 47.5 I Basically thought if you were in between those bounds, you're good to go. Apparently it's a trailing stop loss as in if you go. So like when I said 47.5 Well let's say your account goes up to 52.5 Well that means you're only allowed to come down to 50. you're not allowed to come all the way down to 57.5 It's a trailing stop loss and then it doesn't stop there.

It doesn't stop there. It doesn't stop there at all. What's really crazy about it is it's not based on your realized gains, It's based on your unrealized gains. So like I was up today unrealized as in like it's looking at your unrealized Peak and then if it pulls back from that I It only took me one day to mess that up.

What What in the world? It took me one freaking day to mess it all up because like even though the account ended at 49k down, that negative I went up today so much and then I came down from that Peak that I triggered the trailing stop loss. So it literally took me one day to blow it up one day. So if you are doing this prop stuff, uh I just want you to know that like you need to know that it's trailing. uh, because it feels like that is kind of impactful on this whole thing.

Uh, I could be that I'll do it in an hour should we just have speed runs of who can blow it up the quickest? Matt I Just went through trying to find a functional paper training account. Thinkorswim is the only one that actually lets you fully trade. Oh good to know. Um, so update there.

There are companies like Tops that that do end of day drawdown. Uh I suggest Ftmo. Free trial first. Oh well.

okay. wait. Michael dude. AMD but the report's not out yet.

This just feels like people messing around. I don't think the report's actually out? Um, my question to you is are there prop accounts that don't do like the trailing thing like I just kind of want or even trailing at the end of the day for realize like I just wanted to be on my realized games and my realize losses. Even if you want to do trailing, that's fine I just don't want it to be on my unrealized games and my unrealized losses. uh Elite Trader funding and TOP Step um, you did one phase, those are mainly trailing one phase I don't even know what that means.

Um, but it sounds like I messed something up. just go with Ftmo or Thompson Freedom account no trailing tops that so you guys are saying TOP Step is where it's at. uh um. rules are actually know what they're doing, not us bro.

It feels like that feels like they're being really specific about people who like apparently know what's going on. and I'm not saying that the rules were wrong I'm just saying I didn't really know the rules. uh and then I found out the rules were way more stringent than I thought they would be Mr Beast is suing company responsible for Mr Beast Burgers after reports of disgusting food quality. well institutional investors May control 40 of us single rental homes by 2030 according to MetLife Investment Management Oh, if you say so.

Uh uh. I can't the the audio here. There's too much music but you could see the you could see the words I hope you can see the worlds I Guess that is kind of small. All you could do is cry about in the shatter.

It feels like he's particularly talking to me. Feels personal AMD 110 Uh, if you're not using an A, you're falling behind AMD AMD Just what I Don't think it's out yet I don't think the numbers are out yet Uh Starbucks Beats earnings estimates, but sales disappoint despite China Boom a four to seven percent in the third quarter. Lots to discuss with Barry Biffle CEO of Frontier Airlines Tomorrow morning a Squawk Box exclusive. Don't want to miss what he has to say, especially when it comes to domestic travel guys.

Because of nothing, they are seeing some pressure on domestic demand as more people pivot to three. National trips back to you. Sounds like what you got from Alaska as well Phil Thank you. Uh, with that, let me get back to Adam Christophouli Adam um Frontier slightly higher after hours I Will note, a couple weeks ago this thing was trading about 10 ish percent higher than it is now.

so maybe this one you know to the pattern. this one had already come off a bit unlike. uh, some of the other names take a little off after earnings as we look forward to AMD Probably the big name of today that is reporting one that has had a nice run on some pretty high expectations of what it can achieve. No, absolutely I think you know for AMD a lot of people are looking for an update on their new um, you know their new animation.

they're just you adding Q4 Um, we heard from Intel already it sounds like the consumer the PC markets for stabilizing the inventory has been. Um, you know the de-stocking process is finished. the Enterprise the Legacy data center spending is still a little sluggish. Um, but I think for AMD it's all going to be about kind of.

The update on this new AI chip. Is it launching on time? How much will they have available for it to launch? What's kind of the preliminary demand indications? Um I Think that's going to be the real Uh, you know the real area of interest for this quarter Tonight on the conference call? All right, we got more earnings to bring you. this time it's Virgin Galactic which has just become a revenue officially a revenue generating company with its first commercial space flight at the end of last quarter. uh, Virgin reporting a loss of 46 cents per share.

Adjusted, that was a slightly better than estimates of 51 cents. uh loss? Virgin Galactic Revenues though those missed one point 9 million versus Street estimates at 2.7 million. That's right, million because as I mentioned, they're just starting to ramp up that service. uh, cash position.

This is always a key metric for this company as it is uh, beginning to to ramp that commercial service that remains quote unquote strong. Cash Cash Equivalence marketable Securities of 980 million dollars as of the end of June that was a sequential increase of 106 million from the first. AMD making a recovery coming out in three. Still playing Let's go.

What's the number? What's the number? What's the numbers on August 10th is what they're targeting the Delta class spaceships which will be the next. AMD Going green hasn't really reacted yet though. no big giant movement to a more regular. lots of sex.

Being going down feels like sentiment has turned right now. John This is not a name that really trades on I'm not seeing it yet. Is that the number we're picking up I mean really? the guidance though I mean this was once a 30 plus dollar stock. now it's for like.

you have to really just believe like Beyond what's going to happen in a few quarters? Yeah, not seeing the numbers yet? Yeah, especially given what's happening. Um, reloading like a theme I mean someone's reacting positively to it for sure on the street. Had expected and as I mentioned, we're talking about Millions right now, right? Come on, give us the numbers. Okay AMD just reported earnings Q2 EPS Two cents First Margin: 46 Operating income USC A loss of 20 million Revenue 5.3 Billy Investment It was 5.3 so a slight beat Uh Q2 Net income 27 Milli we are going through them.

looks like a beat Team Yeah I Think looks like a bit of a Beat uh EPS 58 versus 57 Sales: 5.36 versus 5.32 so it depends on Whose Line in the Sand it was, but it does look like a clear beat. Looks like a clear beat of parts of Nebulus who has the numbers for AMD Christina 's adjusted EPS which is a slight beat on 5.4 billion for revenues in Q2. Also a slight beep, but the concern right now is Q3 Revenue Guidance: 5.7 billion dollars participating uh in the report right now our AI engagements. This is a quote increased by more than seven times in the quarter as multiple customers initiated or expanded programs supporting future deployments.

Uh, and then they say that they're pleased with the second quarter execution. so beat on the top and bottom line. but Q3 guidance comes in a little light and gross. Margins for the quarter was 50 which fall in line also.

Note: Uh, it looks like Data Center Revenue came in at a 1.321 billion. that's pretty much in line. maybe a little light of what was expected. client though that's a consumer and business PCS The PC business uh came in a lot stronger so in in that way similar to Intel uh Intel actually did a little better than expected on data Center, but uh, but was very strong on client AMD Very strong on client as well Morgan You think that's why the Stock's up almost five percent right now? Yes, probably the fact that it beat earnings explains why it's up.

well. There you have it folks. AMD Beat. You're gonna have to listen to the earnings call to see.

uh, there's probably going to be some other information there, but as of now, it's up over four percent in post market closing at 117.60 trading above 122.. maybe that leads to some more exciting stuff tomorrow. As long as they say AI over and over and over again on their earnings, it might be pushed into the High Heavens Honestly, on the daily chart, it's looking like we might have some nice trend line breakout. Uh AMD Definitely going to be a watch for me tomorrow Seeing what's going on in the world of am day, That's what I have for you now.

we will be posting content later on today. Don't forget to check out that! Jason Shapiro Interview from yesterday. You guys are really going to enjoy it. We'll be streaming once again tomorrow morning 9 A.M Bright and early.

You better be there or you're gonna be a square. That's what I have for you I Appreciate all the Good Vibes Thank you thank you thank you! Don't forget to become a goonie Macquares.locals.com pinned to the top of chat in the description of the video and with that being said, peace out Thank you Foreign.