Foreign. Foreign. Thank you Foreign ER Good morning, good morning, good morning, we are back in Action Back to the normal schedule for the remainder of this week. My apologies, my apologies, my apologies I'm sure many of you over the past couple days have probably been feeling as if you're missing something.

Maybe a little bit of a hole in your heart because I've been having a little bit of a hectic schedule on Sunday after Mother's Day there I was hanging out with my mom, retelling the story of how she was charging cops money because they gave her a speeding ticket and obviously this all played out at her floral business. Her tree like shrub and tree nursery type of thing I was with her all weekend, helped her out was making deliveries. Honestly, don't let me get too sidetracked on this, but I saved a life I truly believe I saved a life I was making a delivery for her as I do on every Mother's Day because she's always busy. it's the busiest weekend of her entire year.

so I always do what I can to help out. So I was making deliveries and uh I was at this home of of an 87 year old and I know that because she told me she was turning 87 the following week and her husband just had a triple bypass surgery and they were so not used to being sitting around because they're very active active couple and I said hey great for you and anyway I had a plant Potter for those of you who don't know, it goes on your desk your deck. there's a bunch of other plants in it and blah blah blah. it's just whatever you've seen them before.

so I'm holding that and I'm talking with her and she tried to come outside of her house onto said deck to speak with me and just the bottom of her door frame. she tripped on that and so I'm seeing this lady go down and it's going down fast, time is slowing down and I have a decision to make I'm I have a planner in one hand and I'm just looking at her and it's slo-mo she's going going and all I can picture I'm like oh her hips gonna break on this It was a huge inner like dialogue that I had going on. so as many of you would expect in a Herculean effort I quickly established the center of mass of the Planner on one hand actually it was my left hand and then with the other arm I brace her entire fall so there I am like Hercules himself on the top of Mount Olympus saving the life of these plants and of this lady and then she basically just said thanks that never happens to me sorry for tripping and I said well here's your plants and then I left. but anyway, so that's what happened.

Strange story that I kind of forgot about. uh then I had to fly that night to the beautiful, sunny and right now very hot and humid State of Florida we did Rumbles earnings announcement I have the show in there the morning I hope you guys caught it! Uh, when we do those Rumble exclusive shows. Obviously, by the definition of being exclusive, you have to be on Rumble So if you're watching right now on YouTube and you're like dude, where were you on Monday We did two shows from Rumble studio, so make sure you have an account and you're subbed over there on Rumble just for those types of things. So we did the normal Morning Show where you guys saw my fashion decisions to do no-show socks once again because I live on the frontier of fashion and then later on in the day I ended up getting to do an interview with Chris Pavoski the CEO of Rumble to talk about the earnings announcement.

If you missed the big announcement there, they basically just signed the two biggest streamers in the world you have Kai Sanette and from Twitch literally the number one sub streamer of all time. and he's actually going to be doing an exclusive show on Rumble with Ishow Speed who is probably the largest streamer on YouTube He's definitely the number one in the US in the gaming space. Absolutely massive. So they're coming together to do the the Kai and Speed show I Believe that's starting in a week or two, but that will be exclusively on Rumble that was the major major announcement.

Beyond that, they are acquiring a company called Call-in which is from a David Sacks company and that relates to streaming podcasting that type of a thing. So that happened that day. and then beyond that in terms of the numbers they'd beat on Revenue so that's a good number. The estimation was 15 million, they came in at 17 and some change.

So that's the tldr. If you happen to be trading rum invested in rum I Own rum I Want to be completely transparent with all of you I don't actively trade it I think I did one small purchase very early on and then one larger purchase and since there I've just been flat flat flat, my cost basis is around 950 955 something in that realm. I'm not actively trading it whatsoever I just let it sit in my long-term account I Just want everyone to know about that. So that happened.

Monday Then I got up at the crack of dawn 3 A.M 4 a.m to catch the earliest flight back to New York Yesterday Wild Story I'm going through pre-check the security check and they stopped the lady in front of me and then this guy pulls out to like orbs and then the guy looked at him he said are these bath bombs and right away I think we're all trained to not say the word bomb in an airport. So the fact that he went with the term bath bomb and didn't think of it as something else or like just try to awkwardly describe it I just ever since watching uh what was it Meet the Fockers not Along Came Polly I think it was Meet the Fockers I've been trade that you don't say the word bomb in an airport and he looked at her and he said oh what are these are they bath bombs and right away I was like oh here we go and then she looked at him and just said no and I thought that was such a fascinating tactic are you allowed to do that with TSA when they ask you if something is something that's obviously not dangerous she she put in no effort to actually inform him what it was he she was like basically we are going to be here and it's like I guess like the worst game of Pictionary ever of just like nope it's not that but you have to keep guessing and then I'll tell you when you're eventually right? it was just a very weird tactic. um so I thought that was strange but anyway we got back here uh spoke with the straight B team. They have some amazing amazing things coming your way.

So everyone they are the sponsor of today's stream that actually is just by normal scheduling, not the fact that I was speaking with them yesterday and the things that they're rolling out with next are very, very cool. Sign up for: Street B It's free to download. It is pinned to the top of chat. it's in the description of the video and when you use the code Matt M-a-t-t you'll get a free five to five thousand dollars depending on the size of your initial.

Deposit They are clearly in terms of really Robo advisors brokerage-esque type of things. They are very evidently the leader in the world of AI training. So if you want to do your normal trading AI Trading a combo of the two or just one of them, check out Street. It is a Robo advisor.

You just download it to your phone whether you have an iPhone and Android whatever it is put in the code Matt M-a-t-t on the very first page and you're going to get a free five to five thousand dollars depending on the size of your initial deposit. Do Not Miss It! I'm telling you from my meeting yesterday, they have very, very cool things coming out. after. after that, we spoke with Larry Williams Now folks, a lot of the times when you ask me Matt Matt Matt you seem like a pretty educated dude.

Do you know what the word didactic means? Because you use it a lot and you act as if you have a didactic stream with all of us and a lot of the times. I Talk about the book that is all the way on the left. like right about no right about there. that one.

this one right here that I'm kind of nope. this one the very first one. the long-term secrets of short-term tradings. By far by far my the book.

That's just my favorite in the world of trading. and yeah it has to do with like the timing and everything. but it's really the book that had a lot to do with not only why I am still a Trader but how I Think about trading and it's great. It's great.

It's great. It's great. Anyway, it's written by a legendary Trader his name is Larry Williams and he is a literal world champion Trader and the year that he won by the most, he turned 10 000 into 1.1 million. Once again, the year that he won the World Trading championship by the most, he turned ten thousand dollars into 1.1 million and I like obviously I look up to him I Met him in person when I was telling you guys at the Bloomberg event a couple weeks ago and when I was there I was like hey, would you ever be interested in doing an interview Well things came together yesterday and I was able to interview him so that interview will be coming out this weekend.

Very cool dude. Absolutely legendary Trader and we kind of went over his backstory and then really, we dove into his own advice and tips and everything like that that he would give to anyone who's in the retail trading. Community I Absolutely no. I Promise you you will love the interview.

it's coming out this weekend. Uh, and then after that I Don't know if you guys missed it, but I ended up going on Yahoo Finance yesterday. Uh, so that video is on my channel. It's on Yahoo's channel.

Uh, so check that out if you so feel like if you feel inclined to do it. Uh, I got to get some digs in against political insider trading, especially during the whole Regional banking uh, crisis debacle. So check that out. it is up on the channel it's on, Rumbles on YouTube Check that out! And with all that being said, that kind of led us to this moment.

So after sleeping for like about 14 hours straight because I've been so sleep deprived, I'm ready to go I'm ready to rip it again so it will be a normal schedule for the remainder of this week. Once again, my sincerest apologies to anyone who feels like I let you down a little bit I didn't mean to ghost to it wasn't that at all. We've been having a great relationship and I just I was a little busy and I'm not using this whole like Oh I'm a career woman type of a thing and like I just don't want you to get in the way of my career. It's not that at all as legitimately busy, but I'm happy to be here and we could go back to the relationship that we had so we're going to be rocking it.

Obviously today, we're going to be getting into what's going on in the overall: Market It feels as if I'm gonna have to cut my Western Alliance position. If you've been paying attention to me at any amount of time over the past two weeks, you know I've been betting against Western Alliance based on some news that came out after the market closed yesterday, I might be having to cut that position so I want to talk about it with all of you I could either hedge it I have a lot of puts I can sell puts to hedge it or if I want to be super degenerate I could bet on the bounce back and actually get calls on Western Alliance So I want to see not only the price action today, but I wanted to talk with you all about it so we get movement in the world of regional banking. The other big thing going on right now is the debt limit and the ceiling and what's going on with McCarthy and Biden So if you were paying attention to the overall market yesterday, you know, right before that bell went dignity ding ding ding. The final 15 minutes, the market vomited.

It was like me going backwards and upside down on a roller coaster. It was not a pretty sight and the reason for that is because there was a public statement from Biden's Camp saying hey I actually have to cut my international trip short so I can have more time to get this whole debt limit situation figured out. and obviously that was perceived by the public to be like whoa if you're making these other changes, he was supposed to do a 10-day trip in Asia for any of those of you who want the exact details but that's just like a bad look. it's definitely a bad Vibe a bad look, bad vibe that it went that way so that caused the market to sell off.

but then we got a recovery in the post Market in the pre-market session because McCarthy and other political people were basically saying hey, we're pretty hopeful that we'll have some sort of deal struck here. So negative day yesterday: popping in post Market popping in pre-market and then that leads us to today. We're right now in pre-market we're looking pretty strongly despise currently above 412 but I Do want to let you know that seasonality of today is very weak. Very weak.

Uh, the Bears from a seasonal perspective definitely dominate this date. so we're going to be getting into that. and then I Want to talk a little bit about what's going on Inflation? Those are the three major overall: Market things: the regional banking crisis, what's going on with the debt ceiling, and what's going on with inflation? slash the FED Then when we get a little bit more microscopic I Want to talk about Target's earnings they actually beat on top and bottom line: Target The last time I checked it was up in pre-market trading, but there were some wild statements as in they think that due to theft as in stealing that they might be losing a billion dollars. This year last year they lost 650 million and this year it was reported in their earnings that they might they think it might be clocking in at 1.1 billion as in almost doubling a hundred percent increase in products lost due to theft which I just find absolutely insane.

So we're going to be going over that. And then there was a big big Elon talk yesterday. He was interviewed by the CNBC team and it was by no means a softball type of an interview. They asked some very honest and forthcoming and straightforward questions and that's exactly what they got in return for answers.

So I want to go over that as well. So lots of stuff going on. uh Matt would you be open to doing an interview with John uh the former CEO to help out the Mmtlp community I can orchestrate I would be interested in it but just so you know, um I'm not necessarily sure that you would like what I have to ask from my it wouldn't just be like a hopium thing of hey the MML mmtlp Community is so great and they're 100 right on everything and they've been screwed over. It wouldn't go like that I think that is part of the truth I really really do.

But I think also John and then George John is from Trch and then George is obviously from Mmat. Uh, I think they both also have a lot to answer for. So if you go out of your way to orchestrate that, I'll do it. but understand that some of the questions you're not gonna like and you're probably not going to like some of the answers.

Um, and the only reason I'm warning you of this is because obviously I've been through the gauntlet with the Gme and the AMC community and I'm well aware that all that Community wants is Hopium 100 of the time. So if you want a hundred percent of hopium all the time for Mmtlp, it's not going to be that it's going to be like honest. There's going to be things that you like and you want the message to get out there. and then there's going to be some things that you don't like.

So before you set it up, you need to think about that Like you very much need to think about that. John does not have the best past. Uh, Trch was not a fundamentally sound company. Like there's going to be things in there that you're not gonna like.

So I'm just throwing that out there Um, so up to you. If you're cool with that, we can do something for sure. Um, So with all that being said, I Hope you had a great weekend. To all the moms in here A belated happy Mother's Day Shout out to the moms.

you guys are pretty important with all of us being here right now. So happy Mother's Day I Hope you guys crushed it in the market on both Monday and Tuesday The market has violently gone. Nowhere has volatility gone absolutely nowhere. We're still in a Range bound.

We're actually in a Range within a larger range, so we just have no nice Trend right now. So honestly, this is probably a period where people should be trading less I Know many of you still are degenerately hopping into zero DTE options and if you're doing that I Hope you're crushing that I Want you to be making money? Um, so we're gonna do some support, some resistance, some trend lines, some overall talk, and get everyone ready for the day. Uh folks. I Appreciate you shout out to Streetpeat for sponsoring today's stream.

If you haven't already, it's free to download. You have absolutely no reason to get onto Street and I'm getting more and more questions about this. But yes, it is available in Europe If you're watching this right now from Europe and you're just thinking that's a U.S brokerage type of a thing. No, it is in Europe It is in the U.S so you can download it as well.

Free Five to five thousand dollars depending on the size of your initial deposit. the download is free. Yes, you can buy and sell stock the way you normally would, but on top of it, you can create your own AI strategies and from there they already have some pre-made ones if you so choose to use that as well. I think it's awesome and I Also know from our conversation yesterday that very very very cool things are coming down the pipeline that you are 100 going to want to take advantage of.

I Highly recommend you all check out what is going on with Street Just download the app or click on the link pinned to the top of chat in the description of the video and with all that being said, let's get to the show. Stock Features Rise On Wall Street Focuses on debt ceiling negotiation so there's going to be some discussions today. Allegedly, we have the Big Fancy Bank people meeting with the government today and then also the Big Fancy Bank People are apparently going to be meeting with Janet Yellen the Treasury Secretary tomorrow. so movement there.

We also know that Biden and McCarthy were talking yesterday. Well, the whole teams were after working all weekend and the big update from there is basically that Biden is going to be cutting his international travel short to help with this. Because remember from the Treasury Secretary Yellen Allegedly we're running out of money at the start of June Now is reading about some people who are far more informed about politics than I am. and apparently there is a way for them to get like an emergency funding type of a thing.

I don't mean that literally like emergency funding from the government, but there is apparently a way where they can get an extension for all this till July so I wouldn't be like oh, like if we don't get things figured out by June one like we're absolutely screwed I Don't think that that's necessarily true. As of now, the Dow the S P and the NASDAQ are green green green green Green oil chilling at 71 in yields coming down ever so slightly. I Do want you to know that even though things are green in pre-market I mean we went as low as basically 410 and we're popping up two dollars to 412. I Do want you to know that clearly from a seasonal perspective, Today strongly favors the Bears.

Over the past 25 years, two and a half decades examining this day, specifically buying at open selling at close I was using it on the Futures Market but obviously it's gonna essentially be doing the same as like the S P 500 or the Spy. But anyway, the S P 500 futures Market Buying it, open, selling, it closed. the Bulls have only won this day a third of the time 36 and the profit Factor has been 0.2 As in, every single dollar spent has only returned 20 cents. So obviously that's a pretty large loss.

And here's the equity curve of obviously for every single trade, buying an open selling at close, we are slowly but surely drifting down, and recently the velocity has been picking up. From a seasonal perspective, this day has clearly favored the Bears. Does that mean it has to favor them? No, there's no such thing as have to in the market. I Just want you to know about basically the headwinds that the Bulls will be running into today.

Now if you ask me, the major thing of today being green or red is going to depend on any of the updates we get related to politics. Particularly the debt ceiling speaker. McCarthy says he thinks the U.S won't default as debt talks inch forward, so that's why things have been bouncing. Things got pretty negative at the conclusion of yesterday because of the update on Biting Cutting in his international travel short, but now we're getting a lot of people saying yeah, no, we think we're going to get it figured out and folks I'm fully assuming that they will.

There's really not a large part of me at all like I'm not going to say it with 100 certainty, but oh, like I would bet money that they're going to get this solved before the default. We've never defaulted before. I Don't think this is going to be the time that they do default. If anything, I would assume that the Republicans led by McCarthy are gonna basically just keep holding strong until they get what they want from.

Biden Obviously there's going to be some concessions made here and there, like there's going to be some compromises made. But I think overall the deal I Think it's a matter of time before Biden just says okay, like what do you actually want here? Because remember the People in Power which is currently the Democrats in Biden When things go awry, they're the one who's blamed. There's not many people who are reading political news day over day and understanding the nuances of it people more so just remember the general Vibe and if things crap out in the economy and the stock market, Biden's gonna be blamed I'm not saying that's appropriate. In fact, I wish more people were more like informed and more involved and more so paying attention.

But in reality that's not what's going on. Uh, the average person barely consumes this news if at all and they just know things feel good or if they feel bad and then if it's good. All right, that's accredited to the people in power. and if they feel bad, the people in power are currently blamed.

So right now I think Biden has more to lose than McCarthy. That's my own thesis. that's my own opinion. Obviously you are entitled to yours.

I'm not telling you mine's right. I'm just saying. That's kind of where I'm at on this whole situation. There actually is quite a few things that we can listen to on this: I think I liked it.

That's how I've just been saving things right here. Uh, here's one of them. How much is two? Okay, yeah, this is a good one. What do you think? The fine this is from this morning.

Mr Speaker And we ask uh, leader Jeffries about the the two-year spending caps the Democrats would seem to be amenable to versus the tenure that you're insisting on. What does a compromise there look like I Did the math that'd be six years. two plus ten is twelve, right? No, No. In between, Whatever, you're not going to get that from the Democrats What would you be satisfied with? What do you think? I'm not going to negotiate with you.

We started last night already in the room. Uh, but I Look, we could be really sensible and responsible about this. Um, how much is too much? You're sitting almost at a 32 trillion dollar debt? Your debt is now larger than your economy. You're going to pay more in interest in the next 10 years than you paid in the last 80 years.

We can no longer ignore this problem. Whatever agreement we come to is not going to solve this because we're not tackling the biggest items, but we have to put a trajectory that we're actually curving the spending level and we've got to be ability to build things in America So what I'm looking to and where the Democrats say is Draconian We're talking about spending limits of what we spent five months ago. They think that Draconian we're talking about work requirements that bring people out of poverty. and remember, this is only on able-bodied people at the certain age that have no dependence.

Otherwise, what you're saying is you want to borrow more money from places like China to pay people not to work I Want to get people back into the workforce, help the supply chain make us less dependent upon China And let's curb this inflation by bringing back money that is simply wasted. We spent billions of dollars on covet money that hasn't even been spent and they're arguing about bringing that back when it sat there for two years. That's the difficult part here. Even the most common sense Things become so difficult for Democrats to make a decision on.

So that's what he is saying as of this morning and a couple other things. I Just want to make sure we are conscious of the time. All right. we do have time for this as well.

just I Do think this is important to understand where the current talks are. Speaker: McCarthy we just had Hakeem Jeffries on. You may have heard what he had to say on. some of those things.

We pushed him a little bit on that very issue. Just the idea of work requirements. He says it's a non-starter You say that look, there's a red line that's drawn here. That that has to happen.

So it sounds like while there's certainly a negotiation that's taking place, that's clear, That's good news. It sounds like you all are making progress. It sounds like there are still some pretty hard line issues where both sides are kind of digging in. Look: I Have never.

um, said. we weren't going to have a difficult time here, but I was always going to be responsible. Remember what I did back from February 1st Remember going to the stock exchange I Have tried to tell the American public we have a problem and we need to negotiate. The other side believed that you should never negotiate and just lift the debt ceiling.

We know that's not responsible. So now we're sitting down. The President as a senator voted for work requirements. We've watched in Wisconsin just a couple months ago when the Democrats had a very big night.

They voted for work requirements, but 82 percent and work requirements only go to those able-bodied people with no dependents. You could be in school and be waived. You could be looking for a job and be way but what we found with every statistical data it helps people get a job. It helps every statistical data.

It helps the economy and the individual even stronger. And that's what we should be doing. All right, just for the purpose of time. There was another good discussion, but um, there's other ones that I want to get into after the Market opens, so we're going to just put a a pin in that for just like one really quick second.

I Just want you to know that as of today, uh, that's the major things. Yes, we got some housing related things this morning. Uh, but there's no other macro events today, we could talk about some earnings I Want you to know that Target and TJ Maxx reported this morning, but tomorrow we're gonna get Walmart and Alibaba So this will kind of be the conclusion of this earnings season. In terms of Target, Target tops earnings expectations even as sales barely budgeting, consumers watch spending.

they beat on earnings per share and they beat on Revenue The crazy thing about Target was how much money apparently was getting stolen from them. So hang on. How do I go to my profile here This it I was just blown away. First of all, Target beat.

Uh, Sales beat Targets. be like good good numbers. that's why it's up. but this is what I found to be absolutely insane.

Target Just reported that they will lose an additional additional 500 million to theft this year when compared to 2022.. in 2022, they lost 650 million in Theft. Meaning, this year's theft will exceed one billion dollars. Also, in 2022, Walmart lost nearly 3 billion to theft leading to potential price increases.

Retail theft has skyrocketed over the last two years. Inflation and higher interest rates have left many consumers in Desperate situations. What do we? When do we start calling this a recession? How crazy is that? They're going to lose over a billion dollars because of theft. Want to share that super sad situation? Absolutely crazy I Want to talk about Western Alliance Wal I do own puts on it as of now, but it feels as if I have to make decisions today.

I either need to hedge the position by selling puts against the puts that I already own to like lower my cost basis and might be taking a large loss there. or obviously I'd be mitigating quite a bit of it. or I could cut everything and switch to the other side and get some calls on West their lines. And the reason walls up right now is because of their deposits.

Remember, this isn't really fundamental play. it's not really a technical play. it's more of a crowd psychology play and at least specific to Western Airlines I'm not talking about Pac W I'm not talking about Zion I'm just saying for specifically Wal. It seems as if the deposit Exodus may have stopped, so we're going to circle back to that.

Uh, obviously I want to talk a little bit more about the debt ceiling. All that progress made in White House Debt limit meeting talks to continuous U.S rushes to prevent default. Obviously some important things there and then I want to get into Elon's discussion from yesterday. Uh, and some weird things about Elizabeth Holmes Five things to know before the Stock Market opens today Wednesday May 17th gotta get over the hump uh Home Depot yesterday numbers not so good Target did better Walmart is tomorrow on the mark Target did crush it I'll say what I want.

We're circling back to that with Elon a little progress referring to the debt limit. At first people were worried, but then pre and post Market uh. things have been recovering grain deals set to expire that not particularly for us. uh and oh yeah, the NBA stuff that's getting absolutely wild, but kind of out of the scope of our current discussion.

So with that being said, I do want to see what you guys are saying. 57 of you are voting green right now that you think it's going to be a green opening or a Green Day in the market. We shall see here. I'm dropping to the one minute on everything just so we can see the open.

There has been positivity. Uh, positivity without a doubt. Ah, how much of a degenerate do I want to be today? How much of a degenerate? We haven't done it in a while where I let you guys control my account. but maybe today is one of those days.

What time is it? Uh, all right. here's what we're gonna do. Here's what we're gonna do. We're gonna all right.

I Just bought because you guys voted green and at open I'm putting in a hundred dollar price Target and then obviously I'm gonna have to just throw in some risk for now. don't worry about that, just that's just so I don't get called out of my position. but basically the market just went dignity ding ding ding. You guys voted green.

So I'm taking your bet I'm basically praying that it goes up just two right here. So I can make a hundred bucks and you guys better be right. or I'm going to be really angry. 57 of you 57 of you told me it's going up.

That's seven percent more than half of you. For those of you you need a quick math lesson here. Oh, come on, it has to do it right. You guys wouldn't lie to me this early in the day, would you? You guys want to lie to me this early in the day, would you? I'm in at 44.

I Need 46 for that hundred bucks? Oh man, you got. you guys are telling me the truth right? Someone said I said red. Well then why didn't you get other people to vote red? sorry I just go with majority rule. That's how the market runs right, just like democracy rules.

I've actually noticed that when I asked you guys, it's pretty much just always in the way of whatever the pre-market action is. You guys are very very very very very biased to whatever the pre-market action is and it feels as if that bias might be screwing us right now. Nothing like going against the tail risk in the overall market and the seasonality of the day. but hey, uh, you guys are my financial advisors so I'm sure if it goes bus I could just send you the bill right? Is that is that how it all works well while we're waiting to see if that plays out? Pac W Getting a little bit, everything's a little red at open.

Um so I still have those wall puts walls up dramatically though it's up 11. Um, Pacwest seems to be in a different situation, so definitely I Don't know. Paying attention to that. Paying attention, Paying attention.

333 of you voted 57 of you said green I voted green and I swear If you guys if you guys screw me on this deal, you think that's the way to act to get gold stars back. I Feel like you guys are intentionally voting the way that you don't think it's going to go just because you like to see me lose money so we'll see how that all plays out. We will see how that all plays out. I'm gonna get the last laugh here I I Hope I get the last laugh.

uh trade manager why is this? uh, the sound is not coming through on this which I'm not the biggest fan of. Generally when it hits it says like oh brother, uh and I'm just trying to figure out why it didn't say that when I got into the position uh hello foreign, where's the settings I need to like turn the sound back on in here. Uh. Settings preferences enable sound notification.

Boom Brother! Okay, that's the sound that's gonna play when I get into or out of a position. Uh, just so we all know, got the sounds back to where they need to be. Oh uh. obviously I forgot to shout this out.

Uh, let me know what you guys want up. Uh I I have wall up there where you are going to be going over the news. But the tldr of why Western Alliance One of the regional Banks I Believe this one's particularly in Arizona Why it is up right now to the tune of 11 is because yesterday after the market closed, they reported pretty solid numbers in terms of their user client deposits. As in, it doesn't it? at least as of recent there hasn't been a continuation in the deposit.

Exodus So that's why Western Alliance is up and then obviously you're getting some sympathy plays elsewhere such as Pacwest Kre. But the real news is because of Western Alliance What was that did you guys see that jolt? Uh, looks like it was a misprint I'm not saying it in the features Market as well. Uh, a strange jolt for sure. All right.

Tesla may be turning around pack West A little bit of green Western Lines Okay, are we moving? Are we grooving? Are we moving? Are we grooving? Let's see if we could do this thing. I'm not even break even yet I Was going to bring up the account, but we're not break even. Not yet. at least not yet in terms of the Spy I Just really want to point out how we are still the definition of range bound.

So there is this overall range from 404 basically up to 415 416 And now that's a range that we've been in. But recently we've been in a Range within a range and this range essentially goes from 410 to 413 that we're trapped within the day from Friday May 5th from Friday May 5th. Till now, we've essentially done squat. Uh, so we're like in inside A an inside day.

This might be another a third inside day in a row. This type of consolidation is actually a pretty notable statistical abnormality. This type of stuff does not happen that often. an inside day and another inside A So markets have been flow.

It's not really causing me to freak out in any specific way. we're just kind of waiting. All we can do is wait around. Be patient.

Uh, you can't force the break to come. This is definitely a day to misprint. Just so you know, we didn't actually go as low as for 11 20 during the trading session today I Just want everyone to know that uh, a little bit of a misprint and you can see that on the Futures Market see how the this is still the S P 500? Uh, and this is the open right here. 9 30.

just down a little bit. Maybe popping. um because of you folks? I Got in at 44. Oh, are we swinging back around now? if you guys screw me out of my hundred dollars this early in the morning, I'm gonna be not gonna be a happy camper, that's for sure.

Uh. Tesla chilling at 167. Remember, there's both an upside and a downside Gap though on Tesla Another thing I want to point out is that Nvidia is just a runaway train For whatever reason Nvidia simply does not stop chilling at 295. AMD has even been holding its breakout.

it's above 101. Microsoft Apple doing pretty well Microsoft's at 313. Microsoft is the number two company in the entire world while Apple is the number one company based on market cap in the entire world. Apple I Do want to point out on the daily chart that Apple might be setting up for a very interesting downside play just because I'm looking at this.

I even have the alert set at 171. it's the low from The Gap up on Friday May the 5th. Uh, obviously it is also roughly aligning with this trend line. If it can't hold that, we might be talking about a very like quick trade down to 167.

I'm not calling for the collapse of Apple In fact, I think that'd be really silly, but in terms of just cleaning up the chart, the fact that it's already run so much, we might have an opportunity for like a little bit of some downside action from 171 to 167. That's exactly why I thought I had an alert set at this level. If I don't I should set it up ADD alert ADD alert ADD alert at alert. Okay, yeah, the alert is Set uh I'm looking for the breakdown and the actual hold I don't want to be a fake out breakdown because there is support.

there is support. It could totally bounce. but if we see some weakness, the risk maybe not the most ideal because you're it's like a one-to-one risk and generally like better setups I just want to bring that to your attention. This is what Tesla's looking like on the daily chart.

Almost got the upside Gap though to 177.65 and since then soldoff got rejected hard. after that Gap up and now we've just been kind of going nowhere like the overall. Market Rum got smacked at the 10 trend line. just a key psychologic level going flat.

ever since then. what else do we want to see? The queues very strong. The SEC the tech sector. the NASDAQ is basically what's been keeping things alive.

really. In terms of the overall. Market I Mean look at, let's like do a quick run through of all these you've seen Apple Ripping bottom left, top right you've seen Nvidia Bottom left, top right. you've seen Meta bottom left, top right uh Tesla not as good Amazon Bottom left, top right Google Bottom left, top right.

You're starting to get the vibe that these large Mega Cap Tech plays have all been performing, which is exactly why the cues have been performing. We were watching this close at 321 and then really kind of confirmation on the breakout of 324 now trading at 328 so if you were bullish on that, obviously it paid out for you pretty well. So I hope you're doing well there. I Personally didn't take that trade, but obviously you could just see from the levels.

we were watching the breakout, we were looking for confirmation which came really on Wednesday May 10th and you could have been holding it ever since then, crushing it there. Let's check in on crypto Bitcoin I Still think we see a shoulder head shoulder. This could have been a fake out breakdown. Obviously fake out breakdowns are inherently bullish, but the the fake out part that bounce back didn't really seem to hold for that long and we are coming back down testing this level.

So I'd be watching 26.5 000 on bitcoin Pepe I Don't know if it's ever going to get a second win. Obviously me Mania ripped it super high ever since then it's got absolutely crushed. If it can stay above I guess 10. whatever.

this recent low is, it would have a shot. That's how I would look at it from just a super basic technical analysis standpoint. But I'd be watching that 10 level. How are we looking at opening? uh es looking a little heavy? uh, wall going flat from its opening pack w a little bit down Apple Pretty much flat.

So right now things kind of have a flat type of a Vibe a flat type of a vibe. In terms of scheduled announcements, those like Market event announcements, there's no more scheduled for today. We had building permits and maybe housing starts at 8 30 this morning, but that's the only thing that was scheduled. If I had to bet here, I would bet that we might be getting some sort of a like update on the whole debt limit, debt ceiling type of talk.

so I'd be paying attention to that. I'd be making sure like I'm paying attention to whatever whatever your favorite new source is essentially, especially if you can find a timely one about what is going on today. let me check the 15 minute chart. I Just want to see more of the short-term Trend Uh, red, blue, white.

so we're not really matched up right now. Uh, the way I like to look at it and these are just very, very simple. EMAs Exponential moving averages red, white and blue to the upside. Obviously that means we have bullish momentum, especially if you're looking for a trend following thing.

But then also, if you have a distress flag red, white and blue upside down as in red on the bottom, then white, then blue. that's obviously a little bit more of a bearish scenario. So with this, the Blues in the middle. So right now, just not the strongest Trend You can see pretty much all day yesterday.

red, white and Blue upside down distress flag we sold, sold, sold, sold, and then pretty much things got a little bit messy early this morning on the recovery and right now the EMAs are just not like they're not showing anything that strong. so you might want to wait and it depends on your time frame. I'm looking at the 15 minute because I still consider that to be a short time frame. you might be looking at something like the one minute red, white and blue upside down.

You could be looking at the three minute red, white and blue. that's actually to the upside right now. five minute red, white and blue. That's to the upside.

So depending on your time frame, it's very easy to find something. I guess that is supporting your bias, so be careful with it. But I Personally, especially if I'm doing a day trade or a very short swing trade like maybe one or two or three days something like that uh, I would be looking more at the 15 minute I'd be paying attention to the 30 minute I'd even maybe be looking at the two hour I'm not telling you that one time frame is better than the other because I don't actually believe that I just think you need to be using a time frame that's appropriate for the plan that you time like, plan on being within the trade. All right.

Apple Looking a little bit weak I do have that alert set up for the snap of 170 60. that might be setting up a downside Gap play to 167. I do want that to be on your radar I'm paying attention to Wall today because it did get arguably positive news after the market closed yesterday. I Will be going over that in a second I Just wanted to watch the market open maybe a couple more minutes here Apple All Right pack W flat wall flat but looking good overall Market may be looking a little bit messed up I wish they would fix this Wick that's just the date of misprint.

Kind of a pain in the ass. kind of a huge pain in the ass actually. And the other pain in the ass is essentially you guys who screwed me over on that trade. The 57 of you who told me in here you're like hey man, I would bet my life today is going to be a Green Day a green explosion at Open and you screwed me over.

You absolutely screwed me over. What's going on with Gme I Don't know I haven't looked at Gme in a minute. Strong recovery ever since the month of May started going. It's up 22 percent.

Your next breakout level comes at 23 and then there's another one at 24 setting up 27. Uh, looks like it basically gapped up on earnings. sold down. Got the gaffle? Do you see how perfect this is? The gap fill was to 1835 and it went as low as 1806 and then ever since then bouncing back up.

Gatfield plays are not the most big brain amazing plays ever, but who cares? The Kiss methodology. Keep it simple stupid Gap plays or very very strong plays and you literally just that's a perfect example of one on Gme. So gapped up on earnings came all the way back down to the Gap level and now bouncing back off of that I'd be watching 23 I'd be watching 24. someone just said that Tesla is running Tesla uh I mean a pop 167 to almost 170.

I do want to get into what Elon had to say and what he didn't say on his CNBC interview yesterday. It was a actually a pretty good interview. I'd recommend that if you guys have some time today if you have any interest. uh, kind of paying attention to the whole thing, but it was a good one.

We will be getting into some of the major things there. I'm just trying to watch the Spy seeing if we're going to get any recovery this morning or are we almost at 9 45 9, 45 we are at 9 40. Okay, so almost there. We're almost into the first 15 minutes of the day.

Um, yes, I did the degenerate opening based on you I don't think that's really a good methodology at all because as you guys can see, uh, not only does it have like, basically no risk and reward involved in it, but a lot of people just go on the bias of what the pre-market trading was and I'd actually be willing to bet that's why a majority of you ended up uh, coming in and saying bullish was because you just saw the Green in pre-market but maybe we get the recovery off of this level. Could be very interesting I'm just waiting for this minute to conclude and then we can Mark out the first 15 minute range. Um, this is I'm not using this because this Wick down here was a just inaccurate. It was a fictitious print, not a legitimate print.

It was something that probably happened in pre or post market and they just had to clean up their books. And you can know that by the fact that it did not happen in the future. Market in the Futures Market we would also have a very similar like huge drop to the downside if this was a legitimate print in around I don't know 934 or something like that. whatever it was this morning, uh, wall still going flat Tesla looking strong Apple Coming down to that alert level uh, about whatever.

50 cents to go 170 60 is the level on Apple where if we break that and don't hold uh, there might be that Gap filled to 167 just to show you uh as I was doing some chart review here, it's actually going to be a lot cleaner on this chart. whereas Apple here's Apple This is what: I'm looking at the break of this low on Friday May the 5th after turnings, it crushed earnings. but if they can't hold that, we're at support. this is a support level.

It could easily Bounce from here. but I think there's a trade here I'm not necessarily saying it's going to be the bullish trade. I'm not necessarily saying it's going to be the Bears trade, but I think we are being set up with an opportunity. You could play the bounce back and probably Target 175, 176.

or if it breaks, we could play The Gap fill to 167. I am not biased in the bullish or the bearish direction on Apple I Don't really care, It doesn't matter to me. I'm just saying we are getting set up with an opportunity, a bounce, reversion, or a breakdown Gap though there is about to be a play on Apple Once again. I Have no clue what it will be if you're like, well, hey, like, which way do you think's more favorable I would actually say bearish and that's just because the seasonality of where we are in the month of May That's my only reasoning.

uh, long term I'm super supportive of Apple but if we were talking about just this one move at 171, are we going to go to 176? Are we going to go to 167? I Would think that it's more likely to go to 167 just because the seasonality. but I'm saying that with like, just only like a slight ounce of Leaning That way, in reality, it doesn't really matter to me I'm more so just pointing out that we might have an interesting play there. Thoughts on Rum I'm in Rum I'm investing in it I don't actively trade it. it's in my long-term account.

Uh, my average is around 950 955. So I'm basically break even right now I Like it as a long-term Prospect That's my own opinion. Some people don't like it I think they're going to get burned. That's my own opinion.

I Know the utilization on the company is maxed out, which tells me that if it gets going, if it breaks above 10 and specifically above 1050. we know that a decent amount of shorts on a low float stock will be underwater, so it could be explosive in more of a short-term move. but that's not why I'm interested in it I think Rumble in my opinion, has a very good shot at becoming a legitimate technical player obviously like within the tech industry years out. So I just want to get in early and hold like I'm sure these types of discussions were held early on when people were talking about Apple when they were talking about Microsoft when they were talking about Google So for me, I'm just basically hoping that that ends up actually legitimately playing out with Rumble Obviously it's no guaran T but I think there's a shot that that could go that way.

the Spy is Did you guys me on this on the Spy here. Do I have to Now quickly switch it and play it the other way? you guys telling me Oh yeah like we're super positive that is gonna be bullish Matt Like go Matt like crush it. Be bullish that I I Kind of want to kick out 57 of you I think I might just arbitrarily go through the chat list today just in a fit of anger and kick out every other person in here who led me awry. So that's kind of where my mindset is at.

Uh with all of you folks today. But we'll see. Maybe Patience will play. Maybe Patience will play.

C3ai seems to be having a pretty good day. Uh, it's ticker symbols AI but it's called C3.ai How much is it up? 7.7 every single three minute bar. Just green, green, green green green. Um, let's look at the daily chart I Have no position on this one.

Uh, nice recovery. Looks like we're gaining a breakout of 24. We're at this next level of 25 and some change if it keeps going. I'd be watching 27.

If it can break 25 25, my next Target would be 27 and then from there maybe 28 followed by 30.. So 25 25 could lead to 27, then 28, then 30. and then obviously you have this recent high of almost 35. Uh, you had a pretty strong sell-off I Like the recovery breakout.

Another breakout. So this is breakout number three. Uh, it feels a little bit Chasey because your realistic risk would be down here at 19.. So if you're risking six dollars, obviously, you'd want to be somewhat confident in 31.

So even though it's looking strong on The Daily and I don't know what time frame, you're necessarily messing around with it on. Uh, careful. I Would say definitely be careful there. All right did you guys officially screw me on this? It feels like you did.

Well Apple's coming to its level. How do I want to play this? How do I want to play this? Shout out Road Frody Shout out I appreciate it. Thanks for the Emojis Boom brother. All right.

Well, I got out of that position and I think there's one more that I meant did I miss and if I missed your Rumble rant my apologies, you can send it to Iman and I'll definitely read it out. All right. Potentially a breakdown All right. I got out for a small uh loss after that opening degenerate trade.

Uh, what was I in at I was in at 44 out at 32. So that's 12 points. So if I'm in at 30, I would need to see 18 30 18. we could work with that.

30. 30. Oh look at these. uh, the rumble Brands coming in.

that's so incredibly kind. Shout out man. Much appreciated. Much much appreciated.

Well now that you guys were all horrifically wrong on this call out, Apple is officially breaking down uh, from that level. So this is the play I was talking about. You could keep your risk really tight and I'd be targeting 167. In fact I don't know why I don't have my Weeble open I might be hopping on that play with some of you.

Um, hey, if you want to do it, do it. If it starts to bounce and it holds above, you would cut it. Obviously, there's always going to be somewhat of risk in these types of plays. It's all about your risk management.

That's the easiest way for me to word any of this. uh. options Buying power I have 1.7 K 1.7 K All right AAPL options single Um, the 19th. What is the 19th? 19th? Maybe I'll do I'm either looking at the 26th or the second.

I'll look at June 2nd and I'm looking at the 167. So I'm gonna buy 165 and I will get. uh, buy for a dollar Buy All right. Got it.

So the position I just did. For the downside: Gap will play Apple strike price 165 expiration June 2nd and I paid 98 cents per one I paid 98 cents June 2nd Apple 165. I'm not necessarily planning on it going to 165 when I'm watching is I'm basically trying to play this breakdown right here. This breakdown right here.

It broke the low of Friday May the second if it starts to bounce here, if it's bouncing off of that, if we get a recovery like let's just say above, 172. I'm cutting it I'm keeping my risk as like close as I possibly can and my target is this downside. Gap Though 167, that's literally the play I just did. This has no.

this is a technical play. This isn't me with a thesis on the debt limit. This is an A thesis on inflation. This isn't a thesis on really any macro thing.

It's literally just a technical breakdown play. I am going in favor with trend of the breakdown and I'm keeping my risk as close as I can. and if it does Trend it's just a good reward to risk ratio. Play up and I'm looking for The Gap fill from the high on Thursday May 4th at 167.04.

once we get to 167, that's my target I'm not looking for a continued capitulation below that or anything I want the gaffle I want my money and then I'm moving on to the next play. Not a fundamental call out on Apple not a fundamental call out on the economy or the debt ceiling or inflation or the Fed or that Gremlin yelling or any of it. It's literally simply just seeing if this breaks down, it might not break down. I don't know.

50 50 shot Rat support We're at a very important level. This region between 170 and really 170 25 and 170 75. Very important, massively important could easily bounce out. There might be a lot of sitting buy orders I mean it is this trend line for quite a while.

so you're kind of playing a trendline breakdown, but I'm simply looking for this gap-filled play Easy Peasy Lemon Squeezies AI bending back over Tesla having a really good day Of course right when I get involved with Apple at least on the short time frame. But remember, this isn't a day trade. it might end up being a day trade if we get to 167 today. but I'm not.

That's why I got June 2nd if this needs a week or two to play out, I'm letting it play out. Um Matt I Usually watch your streams on my Samsung TV Do you know if Rumble will ever create an app for Samsung Smart TV That's a great question. Max Uh, Actually, they discussed that in their earnings call Those types of apps are referred to as Ott. All those apps on your like TV if you have a smart TV are called Ott apps and that is actually exactly what they were talking about.

They're like yeah we are. They called out Samsung and they said that they were working on it so that should be coming at some point in the future for you. Without a doubt, they have it for LG Yeah, there are. They're paired up with Roku right now, so wherever you get Roku you will be able to get it.

but they are getting a Samsung specific app. Um, somewhat soon, Somewhat soon, somewhat soon. Uh, I don't know the exact time frame for you. unfortunately.

if I hear anything, obviously I'll let you know. but that is in the works folks. Don't forget to like And subscribe. But most importantly, hit the Subscribe button.

Subscribe on YouTube subscribe on Rumble I Know it's annoying to remind you all of it, but hey, I'm just gonna call it out because it really does make a massive difference. Uh, subscribe on Rumble subscribe on YouTube subscribe on both. Especially because sometimes we're doing like particular content for that platform. So if you don't want to miss out, obviously it's free, hit that subscribe button.

Have it on my Roku TV Uh jth how are you liking that I know it's been on Roku for a bit and then they did a big Roku app update. Now since the Roku app update, are you liking it more not seeing you on Rumble uh uh I really am I not on the homepage today? Usually I'm throwing up Yeah! If you go to Rumble.com this is this is Us team. We were there. uh Mac course so Rumble.com if you are not subscribed on Rumble right now it's probably one of the easiest days to find me.

because if you go to Rumble.com us right here The Goonies we are. Numero Uno Just click on this one and then you hit subscribe. Easy Peasy Lemon Squeezies Easy Peasy Lemon squeezies. Oh brother oh brother.

All right that was just what in the world. what is going on here? My train station's doing some funky stuff, huh? I Guess it is what it is. Um, the Algo just went short for whatever reason. must not be found so good.

But hey I don't I don't mind it at all. Uh, despise. At 411 you probably already have these levels committed to memory because we've talked about them so much. Big breakdown level would be between 4, 10, 25, and 9.75.

there's a 50 Cent region of incredible support for 10 25 down to 409.75 Roughly this region 410. Uh, 25, 2, 3, 9, 75. something like that. Roughly this off by a couple cents, but this is the region that has been Support You.

They kind of come down. sometimes they overshoot it, sometimes they undershoot it. But this is the region of support I'll be watching that as of right now. I Know the seasonality of today's a bit bearish, but in reality, if you're looking at the daily chart, there's no Trend it.

We had an inside day as in the high and the low of Monday was within the high and the low of Friday. Then we had an inside day inside day. The high and the low were once again within the high and the low the previous day and now we have another inside day thus far. Obviously, there's a lot of time left in the day.

A lot of crazy stuff could happen. But just as things currently Stand Inside day inside day inside A As in, we are not trending, we might start trending. You're gonna have to look for those breakdowns. You're gonna have to look for those breakouts.

The low of yesterday is 4 10 24 here just for all of us. I will set an alert at that level. So at 24 I Think yeah at alert things are trending down. Looks like seasonality is playing out.

Oh brother. What was that? The Oh brother, I don't know why I just got an old old brother I'm a little confused. Hang on. Let me.

did something happen? There's something happen. Oh, it went short on the micro contract I Thought I'd turned that strategy off. hello. Um yeah, no.

I Thought there's a strategy running right now that I did not think was running. Hang on studies Edit: Strategies: Uh. status status Uh uh. Closed position? Yeah.

Take my five bucks. All right I Locked in I Just I had to turn off those strategies studies. Edit: Strategy I Thought these were all off, but they weren't Oops When In Rome Win in freaking rum. so that's don't worry about it.

Locked in. it basically paid for its own commission. So a scratch trade. We'll call it a scratch trade, but at least we got to hear the Oh Brother voice quite a few times.

Matt How do you feel about the stock price going either to pre-market low or during a session? High I Find it 60 I How do you feel about a stock price going either to pre-market low or high during trading session? Do you find it 60 accurate? I don't know the exact stats on it I that seems low to me I Would think that we go to either the pre-market low or high on either side of it more than three out of five times. Uh, I would have to back test it. That's something that you could easily back test though. Is you called out 60? So I'm curious.

have you back tested it? Can you put Wall back up? Yeah, Happily, happily, happily happily. Uh, Wall kind of coming down. it's still up 10, but pre-market we opened at 35.50 we're down 75 cents. Tesla Having a good day? Uh, we should go over wall.

Western Alliances Deposit Growth Powers Regional Bank Rally This came out. Wall did an SEC filing to release its deposit numbers. Uh, this came out when the market closed yesterday. That's why it's up right now.

That's why it's really Regional Banking's having a good day Bank Uh was one of the lenders swept up in the turmoil of early March Investors concerns reflected by losses in Regional Banking Index shares of U.S Regional Banks rallied in pre-market trading after Wall said deposits grew by more than 2 billion since the quarters and easing worries about the health of U.S Regional Bank lenders shares of Alliance were up. They're up even actually more right now. Western Alliance Previously reported that deposit levels had increased 1.8 billion from the end of the prior quarter to 49.4 billion as of May 9th. Its latest figures indicated deposit levels increased by another 200 million between May 9th and May 12th.

The fact that deposits are going up, it's easing worries and it legitimately might be stopping the Panic The psychology: Panic that leads to a full-on bank run. That's why it's up right now. Once again, not a fundamental plate, not a technical play. it's a crowd psychology play.

That's why it's up and also that's why it's having me think should I be cutting my position. My entire thesis was on a continuation in the bank runs, but apparently that's not happening in wall. so I still have the puts right now. they're probably down I don't know 80 or some crazy like that.

Um so I need to make a decision. Option one is I just hold the puts till expiration which is Midview June option two is I hedged the position I bought a lot of puts so I could sell a lot of puts against the puts that I bought to lower my cost basis and take on less of a hit if it doesn't pay out. or I could cut the position and buy calls and expect the bounds. or I could do a combo I could buy calls and then I could also sell puts against the puts that I already owned.

So there's a couple things that I could do here: I didn't want to make a move out of the gate because I was worried something like this might happen where we Gap up and then we end up selling off because maybe people just especially the bigger players might not want to own it so they might use the pop as exit liquidity. uh. but on the other hand, I would be risking a short squeeze because obviously people are still betting against it and on the arguably positive news that might cause more people to buy. So I didn't want to make an Abrupt decision on this today, but