Love yourself good. You're tired inside my mind I wonder why if I'm here? Foreign? Whatever happened? Oh hello, hello hello hello hello hello. Welcome back to the Mad core show. I'm just getting my headphones on here so we can chat with each other and today is the wrap-up show for Monday July 10th or as I'm going to call the show haha Now I'm poor because the market sucked today it it sucked a lot.

It was whipsawing up and down. the Bulls lost the Bears lost the premium sellers won but today kind of just straight up sucked. Um I'm gonna go over all my positions with you obviously I'll let you know how everything is and what I'm looking at and my risk. I'm going to cover that I'll show you my entries blah blah blah.

we'll go over that. We'll do some chart review I Want to set you up for the remainder of the week? We do have CPI report PPI report consumer sentiment Eight different members speaking, three of whom spoke today. so we'll be going over that. an update of what's going on with some individual companies and it was kind of a bust of a day thus far.

Um, like just it didn't really move. We didn't have a nice Trend to go off of. there wasn't the very very short term but I kind of don't like that I like more so of holding for either the majority of a day or like a two-day swing is kind of where my bread and butter setups have been lately. But uh, this, this is just where we're at.

Uh, today was just not a nice Trend day. the small cap sector crushed it. But if you're looking at the cues, if you're looking at the Spy like a negligible movement off of Friday's close. So yes, I want to go into that I'll recap the positions I'm going to dive into what's going on for the remainder of the week.

Big macroeconomic reports were in the start of earning season, so that's going to be exciting so well. there is a lot to talk about, but unfortunately no dazzling winners to show off. But hey, sometimes that is the game of training. But I have some cool news for all of you at 4 Pm today in a mere 26 minutes.

If you're watching this live, we will. There's a hot new video coming out. it's dropping right when the market closes. And it was my discussion with an award-winning Market technician.

I'm talking about a guy who's won awards because of the indicators that he's come up with. So I interviewed him about the indicators. how do they work? How does he use them? Just trade and all that. So the interview is dropping right when the market closes today.

Uh, I think you're really going to enjoy it so I'll remind you of that in a little bit. Now, with all of that being said, let's let's take a little look you see at the overall market right now. the Spy strong pump this morning. then we vomited.

So bull trap, bear trap. Then we bounce back up. Maybe kind of looking like a bull trap in here. like oh, is it going to keep going? Are we going to take out the intraday highs and then instead it just decides to do nothing.

The cues vomited bounce back right up to where they opened Apple vomited bounced up a little bit undershooting, still wear it open Tesla a little bit more weaker, but just not much is going on today. It today clearly favored the premium sellers because we just didn't get a nice Trend move now. I Don't think it's the most surprising thing that that happened. Beings, we have big things coming down the pipelines such as the CPI PPI consumer sentiment fed speakers.

We have one of the the biggest Healthcare player reporting on Friday We have three major Banks three of the big four reporting on Friday we have on Thursday Pepsi and Delta So like it does seem as if some of the major things are coming in like Wednesday Thursday Friday of this week. So the fact that maybe people are just jockeying for position right now I Don't think it's that surprising. It's unfortunate for me because I play too big for my account and now I'm just the victim of Theta Decay But that I suppose is just a brutal lesson to be learned. But that's where we're at.

So the Spy I mean it's up point one one percent. 47 cents. The queues are down 24 cents. Yes, the small cap sector Iwm the Russell 2000.

The last time I checked it was up 1.5 but overall, we're just grinding in and close. There's there's not really much going on right now. Dow Rise is 150 points rebounding from last week's slide. barely rebounding Yellen says still too early to rule out risk of U.S Recession Treasury Secretary: Jenny Ellen Wouldn't rule out the threat of a U.S recession saying it's appropriate and normal for growth to moderate and that inflation remains too high.

The risk of recession is not completely off the table. Monthly job growth is slowing as expected. after holding at a high level, we have a healthy economy. a great Labor Market Inflation Too high in concerns of hours and the American people, but coming down over time.

It's my hope and belief that there is a path to bring inflation down in the context of a healthy labor market. and the data I've seen suggests were on that path, so just want you know. CPI Report coming out an hour before the Market opens this Wednesday PPI report coming in out an hour before the Market opens this Thursday Obviously those are going to be the most up-to-date inflation reports and important to pay attention to because the next Fomc meeting is Wednesday July 26th. So obviously those reports are going to be taken into account when they decide to do with the next rate hike.

Which as of now, there's a 90 95 chance that we will be getting another 25 bips added on to the FED fund rate. President Joe Biden Said last month he thinks the U.S will avoid a recession. Do you guys agree with that? Do you think there's actually like any chance that that is going to happen I mean I know the President is saying it, but then I think it's a completely different situation to like. You know if we like, believe them or not.

Bloomberg Economics sees a baseline scenario for a U.S recession to begin toward the end of 2023, coinciding with moderate slowdown in consumption. You know I'm not always the biggest fan of Bloomberg but on that particular one, I Kind of have to agree. We're seeing that Core CPI is still remaining sticky if you look at headline CPI it's coming down like a lot. Actually, it peaked at over nine and now we're looking forward to being the low threes this time around.

But Core CPI is just kind of coasting right at five-ish percent the low fives. so we're seeing sticky aspect to it, which is not exactly what everyone wanted to be seeing. So that's the current issue that obviously Jerome Powell and the Fed and also the Treasury Secretary are facing. the American Banking landscape is on the cusp of a seismic shift.

Expect more pain to come Rising interest rates losses on Commercial Real Estate in heightened regulatory scrutiny will pressure Regional and mid-sized Banks Leading a wave of mergers according to sources from CNBC one of these days, just one of these days I Want to be a source? Some of those pressures will be visible as Regional Banks disclose second quarter results this month. So we're going to find out from Zion key Corp Um, all the ones that people were really starting to pay attention to in that ETF kre. That's what they're going to be paying attention to. Half of the countries banks will likely be swallowed by competitors in the next decade.

Some of these: Banks Will Survive By being the buyer rather than the target, we could see over time fewer larger regionals. So if I mean I've showed you that graph in the past, but in the past decade or something like that, there was. If you rewind ten thousand banks in the US and now we're down to four thousand Like it just is. Like it's just all getting consumed into bigger, bigger and bigger.

That's kind of the current Trend But now things are getting a little bit froggy if you will. Obviously, with the FED, they're putting downward CR pressure on the economy around us, which is causing some of these Banks to bring. That's what we saw with FRC signature Svb. That's because of the downward pressure being applied by the FED when they jack up the FED fund right, especially doing it so aggressively.

Now there's even new issues: big: Banks face higher Capital requirements from U.S Regulators Fed Vice Chair for Supervision lays out higher requirements Michael Barr wants more standardized in risk assessment So Barr was actually one of the FED members speaking today I think he spoke at 10 and then there's two daily and I think Bostic at 11. The proposed adjustments would require banks with assets of 100 billion or more to account for unrealized losses and gains and they're available for sale Securities when calculating their regulatory capital. This change would improve the transparency of regulatory Capital ratios since it would better reflect banking organizations actual loss absorbing capacity. These changes would increase Capital requirements overall, but I Want to emphasize that they would principally raise Capital requirements for the largest, most complex Banks More broadly recall that banks are by Nature very leveraged and fund only a small portion of their assets with capital.

One can think of the proposal's more accurate risk measures as equivalent to requiring the largest banks to hold an additional two percentage points of capital or an additional two dollars of capital for every hundred dollars of risk-rated assets as currently measured. While this increase lead to some changes in Bank activities, the benefits of making the financial system more resilient to stresses that could otherwise impair growth. Practicing first, that is in capital requirements may cause firms to change their behavior and the way that financial services are provided to our economy. We intend to consider comments carefully and any changes would be implemented with appropriate phases.

This phase-in will allow ample time for banks to adjust their balance sheets and activities and to build Capital over time. In fact, most banks already have enough Capital today to meet the new requirements for the banks that would need to build Capital to meet the requirements. Assuming that they continue to earn money at the same rate as in recent years, we estimate that Banks would be able to build a requisite Capital through retained earnings in less than two years, even while maintaining their dividends. So a little bit of update Banking Sector: Obviously, we're going to get a lot more visibility on the situation when they start to report, and three of the major ones I'm talking JP Morgan City and Wells Fargo are reporting this Friday on top of BlackRock as well, Somewhat tangentially related, home prices are hitting new highs again as high rates put the squeeze on Supply.

So it's that's saying. When it rains, it pours. Home prices hit a record high in May. Even with rates still high, home prices are setting new records in some markets.

New listings are down about 25 from a year ago, as homeowners with sub four percent mortgage rates are reluctant to sell their homes. So this isn't necessarily going up terms of home prices because of just the desire for homes. it's the desire of homes relative to supply and the supply is really, really dropping because a lot of people are like, well, why would I sell now when I locked in a great great interest payment so just something to consider when want to keep you updated of what's going on in the world of Real Estate I Don't know if you guys have heard about threads I don't know if you guys are on threads I'm on threads. Give me a follow but what I really want to get into is an amazing amazing growth story.

Mark Zuckerberg's new platform is the fastest to break a hundred million users, apparently only taking five days. Twitter Traffic is tanking as Meta's threads hit a hundred million users. User traffic on Twitter has slowed since the launch of Meta's text-based platform Threads, which has already surpassed 100 million signups since its debut last week. Threads is being touted by Meta Executives as more positive.

Public Square for communities that never really. Embrace Twitter Matthew Prince CEO of cloud Fair shared a screenshot on Twitter Sunday showing the traffic on the platform was tanking it. It's just absolutely crazy. Wait, where is it right here? I Don't know why that took a little bit to load.

This is the tweet from Matthew Prince Twitter Traffic tanking so this is you could kind of see it from January at the start of 2023 to Here We are now obviously the most recent drop off, coinciding with the release of Meta slash Instagrams thread which is being dubbed the Twitter Killer I Want to get your thoughts on it? I'm on threads just because it's part of my job to know with all the new social media, what's up and coming, what's using what's dying off? Like what are people using La La? all that good stuff for me obviously. I Recognize from a technology standpoint that a lot of things still need to be improved on. threads like this is not their final product I Hope it's not their final product. Obviously Twitter from a technology standpoint right now is better.

but it seems clearly the fact that a hundred million people already signed up for Threads tells me that there's a desire clearly for something else, at least to the point that people are curious enough to check out what's going on. So with that being said, I Want to ask you, do you like threads? Are you going to be on threads? Do you hate threads? Are you just an Elon loyalist and you're going to stay on Twitter Or maybe you particularly don't like Elon and you're happy that Fred's is a thing. Maybe you're gonna support Zuckerberg a little bit more, but whatever. this is is an interesting story because some of the comments between Zuckerberg and Musk are crazy.

It's almost as if you have to double check that it's not from parity accounts. And if you don't believe me, there's things I I Literally can't say in this video because I'll get in trouble by the algorithm overlords. but check it out on Twitter They're going back and forth and remember it's not a parody account, which is the most insane aspect. So anyway, let me know your thoughts below.

Moving on: Guess who's in trouble again? Mr Logan Paul And this time with his business associate and friend KSI Congress wants the FDA to investigate Prime The energy drink has 200 milligrams of caffeine per 12 ounces. The same the same as nearly two red bulls or six cans of Coke. One more time. The same as nearly two red bulls or six cans of coke.

That's insane urges. FDA to probe Prime Energy Drink back by YouTube Stars Logan Paul and KSI Senate Majority Leader Chuck Schumer is calling on the FDA, the Food and Drug Administration to look into a sports energy drink founded by social media influencers that has become popular with kids and teens. When they say it's become popular, it is beyond that. People are like the desire to have Prime is through the roof.

This thing is selling out. If you know anyone with kids and ask them about Prime, it seems as if they're absolutely obsessed with him. Prime Founded by YouTube Stars Logan Paul in case, I quickly gained a fervent following, The brand offers a bottled hydration drink and a canned energy beverage and it's that latter part that's causing some issues here, which is said to not be intended for children. Schumer's office called the energy drink a cauldron of caffeine.

Many Physicians have serious concern over Prime and I Write to specifically urge your agency to investigate Prime for its claims, marketing, and caffeine content. The Prime energy drink contains 200 milligrams of caffeine per 12 ounces, compared to 34 milligrams in a 12 ounce can of Coca-Cola and 80 milligrams in an 8.4 ounce can of Red Bull. According to Schumer's letter, several countries including Australia South Africa the UK Canada and New Zealand have already banned Prime energy drinks or its caffeine free version Prime hydration in some schools Schumer urged that the urge them to start an investigation based on Physicians warnings to parents who say the caffeine content can have an adverse impact on the health of children as well as targeted advertising to younger demographics. The company's lack of sufficient warning about its caffeine content also invites scrutiny.

Now, when you read all that, when you hear all that, you're like wow, that seems like a lot. Seems like they shouldn't be doing it, but it's not like they just did this randomly and picked these numbers according to representatives from Prime, they're still within the eyes of the law. Like all good all. Bueno A simple search on social media for Prime will generate an eye-popping amount of sponsor content which is advertising this content and the claims made should be investigated along with the ingredients in the caffeine content in the Prime energy drink.

Okay, and here's how Prime Representatives actually responded: Prime contains a comparable amount of caffeine to other top selling energy drinks, all falling within the legal limit of the countries it sold them. Prime Energy complied with all FDA guidelines before hitting the market and stays clearly on packaging as well as in its marketing materials that it's an energy to drink and not made for anyone under the age of 18.. So once again, that seems like a lot of caffeine if you ask me. But I Also think if you're over the age of 18, you're kind of mature enough and adult enough to know what you should or shouldn't be consuming.

You're an adult. It's kind of up to you. so at first when obviously the government's involved, you're like, wow, that seems pretty crazy, but obviously to even be on shelves, it's within certain legal bounds and as of right now, this almost just seems as if they're particularly going after people with a big name to make some sort of political news flash rather than finding out something that is like quote unquote illegal. Now, it does get a little bit into the gray area when you're saying well, hang on It's for people over 18 and the targeting seems to be under 18.

That's the most popular group, so how do you differentiate between the two? That's an interesting moral and legal question. but I Just want to make it very clear when you dive into the story. it's not like this: Prime Energy drink is like way way way. Beyond Whatever the legal limits are, in fact, it's within the legal limits and the issue seems to be well hang on even if you're in the legal limits.

And it's for people over 18 if your most popular base is under 18. Is that problematic? And obviously, like I said, that's more of a moral philosophical question. Or maybe it's a branding thing. Maybe they just need to Rebrand it and that so it's not associated with the original Prime drink I Guess there's multiple things that they could do, but once again, it just seems like politicians trying to get back into the news cycle.

probably because they're trying to campaign for votes if you ask me. But once again, I Would love your thoughts for the remainder of this week, bringing it back to the overall. Market Even though I just want to remind you things are boring right now, we're not really doing anything apple picking up a little bit. Tesla flat Q's flat, spy flat.

just nothing really going on. but that will not last long. Look at what's going on the remainder of this week. In terms of earnings on Thursday before the Market opens, we get Delta and Pepsi before the Market opens on Friday we get JPMorgan City Wells Fargo BlackRock and we also get United Health Group So this is the start of earnings season.

You better expect fireworks and they're actually going to get even more crazy because on Wednesday this week we get CPI Last time around, it came in at four percent. They're looking at 3.1 percent this time, but that's the headline. Check out when I Said: like Cpis being sticky, inflation is being sticky core. CPI Expectation: it's coming down from 5.3 They're expecting five, and we are getting some interesting updates from the world of real estate, particularly rentals.

It does seem to be coming down, so that's definitely a good thing. But overall, this is the sticky part. It's the course API when you take out food and energy that's proving to not be coming down as much obviously. Headline: CPI Yeah, it's diving.

It's nose diving. It was at 9.1 in June of last year. This time we're now expecting three now. Remember, we're supposed to be at two, so it's still higher than we wanted to be.

but at least we're trending in the right direction. so that's all on. Wednesday On Thursday we get the PPI report and on Friday we get the consumer sentiment report. Obviously, also in line with all those other earnings and random fed speakers.

Eight fed speakers will be doing a public speech in one medium or another this week. So yeah, today. a little bit boring. Unfortunately, a little bit boring.

but we're gonna have that. I I Honestly, I Don't think what happened today is going to be par for the course. I think one two three days this week, we're going to have even bigger, better directional moves. so I'm not looking at today to kind of be the the average movement.

I Think this is a boring day and it's kind of a setup for all the headlines and announcements coming for the remainder of this week. Now speaking of tomorrow: Tuesday July 11th The Bulls have won this day two-thirds of the time 64. but when they win, unfortunately, it's small and in the one third of the chance that the Bears win, they've been winning bigger and that's why the profit factor is below 1.0 It's coming in at 0.85 with the bias obviously being neutral. so the Bulls win more often.

But when the Bears do win, they're winning in bigger size. What time is it? we have time? I Just want to share something with you. Okay, first my positions. um I Unfortunately, I'm in too large on this SPX put play I Expected the market to move today and even though I'm not that far out of the money and I still have these I haven't cut them In fact, I added to my position with my average value now being 1064.

so it's a little bit higher than this I bought a couple more when I thought it was going to break down in my favor. so my average is now 10.64 I bought some more. but anyway, strike 4380 expiration July 12th. so not tomorrow, but the next day and it just kind of sucks because the market I mean this was my risk was SPX breaking and holding four, four, one five or roughly equivalent in the spies 339.50 It just didn't happen and the market just didn't really move today.

So I'm in a position now where I'm uncomfortably swinging too large of a position overnight. So I'm gonna see if the market overlords decide to grace me with the giant gap down I would love if it would happen I would practically cry if it happened, but I'm not feeling the most comfortable about it I'm not happy with the trade. My other tray is a Tesla put position that's slightly up right now I didn't add to it. this is the core position.

Obviously my risk wasn't hit. I'm slightly in the green I'm in at 274. this expires this Friday July 14th and the strike is 262.50 I'm looking to play the downside: Gap fill to 264 and some change. Interesting little Side Story I Just want to share with all of you because we were talking about the index weightings.

Well, it looks like what is it called The Magnificent Seven Have actually been outperforming so much that they're gonna do kind of like an emergency rebalancing of the NASDAQ 100. The NASDAQ 100 index is set to adjust the weighting of its 100 components with the Magnificent Seven socks, Microsoft Nvidia Tesla alphabet meta, and Amazon currently accounting for more than half of the index's weight. The NASDAQ 100 special rebalance will take place before the Market opens on Monday July 24th to address over concentration in the Adx by redistributing the weight. So basically these top guys which you can really see is Microsoft Apple and Nvidia I mean we're 13 12.57 6.9 4.5 They're just way too lofty.

So they're this overall percentage weight. they're going to bring them down. The weight changings will be announced on Friday July 14th this: Friday no stocks will be added or removed, so it's just a percentage gain. How much exposure will all the individual stocks the 100 of them have within the NASDAQ 100? And we're looking at the Magnificent Seven most likely just lowering all of them.

The NASDAQ 100 includes the 100 largest non-financial NASDAQ components. The NASDAQ 100 index is a modified market capitalization: Index market valuation is the largest factor, but with this methodology to limit over concentration, the seven largest companies in the NASDAQ 100 account for 55 of the index. Seven out of the hundred seven percent account for 55 of the waiting. it seems likely that the combined weighting will be reduced.

It's also likely that there may be notable waiting shifts. Within These Seven Giants I Fully expect that to happen, and we will be finding out. Friday this Friday July 14th And on that note, let's bring it back over to the market. A little bit of push I suppose in a close right here.

But overall I mean this was brutal. We ripped to the upside so a bit of a bull trap around 10, 10, 15. Then we got this breakdown around noon and then we actually got an odd lunchtime push from 12 15 to 1. We just pushed all the way up and then we started to come back down and everyone's like oh wow, that's a lunchtime push.

They're about to get faded hard and then no. it bounced back up and ever since then we've just been going sideways. So unfortunately for me, uh, you guys know where my risk is. I was getting really close to my wrist but it got smacked here at 2 30.

So I'm now just waiting unfortunately. um I mean I Guess it would be unfortunate if it kept pushing because I'd have to lock in a loss. but then if there was a nice upward Trend I would have flipped the calls and maybe I could have made my money back. Uh, so I'm now in a position where on this breakdown this is why I added more we popped up.

we started to come back down I added in here because I thought we were going to vomit in and close. Obviously that did not happen. it was just a premium burn chop of a day. It's what happened.

and I am now just hoping that tomorrow's a bit better. I'm just hoping it's better. So I have my S P 500 puts through SPX and I have some Tesla puts as well. We even got super super close to this.

Gap Bill 264.45 We got as low as 265 10 so we were about 50 60 cents off there. It just didn't hit it. So I didn't take my money and I'm just doing my best to stick to my training plan. My profit goals haven't been hit, my risk hasn't been hit, so I'm still in the play.

Uh, the only thing I don't like about it is I just went too big I played with too much money, too large of my account. so obviously that is a very, very frustrating, frustrating thing for me. Um, with that, we are apparently popping a little bit into clothes, but I am just praying that the market gets faded hard in the overnight session. if it's a giant Gap up and now we're put.

Are you kidding me? Are you kidding me? Well, I'm swinging this. Um, so we're gonna see how it goes because my risk hasn't been hit, my profit hasn't been hit. It's just as it is what it is. This is sometimes the game of training and I hope that I don't get completely demolished.

but on that note, the casino is closed so I hope you guys did well even though not much really. went on today. We got a weird push into close but I don't know. That's just a strange blow off top type of a thing.

that doesn't mean the most to me. Well folks, we're going to be posting some content later on today. Oh I Almost forgot on both YouTube and Rumble Video just dropped. video just dropped.

How do I see my notifications I Guess the notifications aren't going out. The video should have dropped. Where is it? Why can't I find it? Hmm I feel like I I get why is why are they not promoting it? Is it not live? Well this is now getting awkward. Apparently it's there and you just can't find it.

anyway. interview just dropped it is with Alex spear glue literally just came out one minute ago here. I Will drop this in here. you got the notice I didn't get the notice it's on Rumble as well.

So if you go to the rumble page you're gonna find it. Uh, my content. Uh, right here. Just posted.

uh the best. So it's up on both. it's on Rumble it's on YouTube it just dropped. Just go to the appropriate Channel and you'll be able to find it.

But the interview is with Alex Spearglue. He's an award-winning Market technician and the reason he won awards is because he came up with his own indicator that a lot of people like. So within the interview, ask him about his background I asked him about the indicator, ask him how he came up with it I asked him how he used it, used it. Um, so all that good stuff.

Uh so it just went live. The interview literally just went live. Give it a listen. you're gonna like them.

The guy is awesome. You'll really enjoy it, so let me know your thoughts on it. Tomorrow we're gonna. Obviously the interview just came out.

We'll be posting a little bit of content later on. Then we're going to be streaming once again tomorrow morning. 9 A.M Bright and early I Hope to catch you there. have a good one I Appreciate all the Good Vibes Peace out thank you.