Foreign, Foreign Foreign. Good morning, Good morning, good morning I Hope you have your coffee with you. Today is Monday June 26th and welcome to the math course. Live show where I'm Matt Corz and you're the live show so it kind of works itself out.

Hope you had a great weekend. Hope you're ready for a fun-filled week in the market last week. A little bit of a shortened week this week a normal one actually the end of a quarter and we have pal speaking twice we have GDP we have PC So a very important week and then that leads us into once again, kind of a shortened week because of Independence Day July 4th. that's Tuesday So the markets are closed all day Tuesday of next week, but then it's also a half day on Monday So kind of a really short week.

I would argue next week is essentially just Wednesday Thursday Friday This week full week with a lot of announcements, updates and just add a little fun into it. A little sprinkle of fun and chaos and really wide today is called buckle Up I Don't know if you checked the news over the weekend, but Russia was pretty close to a freaking Civil War and I'm fully aware it's one of these things where what's being publicly relayed. it's probably true, but it's probably not the full truth. So we're going to be getting into that because obviously it could be causing some craziness, especially within the oil markets.

So I kind of want to cover that. and also it's just good to be informed about everything that's going on there. But I would argue As of right now, one of the that's probably the biggest piece of news from over the weekend is just what in the world is truly going down in Russia And before we get into it I Just want to really start off and say that obviously we're not going to have the full truth because that's just the way these politics global politics really work. So we're going to be talking about that, the potential interaction with the overall Global markets just to know what's going on there I have some news on individual equities such as what's going on with Tesla taking a little bit of a hit because of a downgrade from Goldman I have another story on Goldman Uh, an update a positive update on Pac West their stocks up if you want to checked out in a pre-market Lucid partnering up with Ashton Martin So lucids up in pre-market as well.

Right now we have some earnings to talk about. We have some seasonality to talk about. We have a crazy story. Whoa! How did I not start with that? First of all shout out to Street Beat.

They are the sponsor of today's stream. Check them out, pin to the top of chat in the description of the video. If you're watching me right now and you don't have Street Beat yet, my question to you is what are you, What are you doing But before we get into all that, arguably the most important thing is by a very, very strange turn of events in my life. Here there it was: Friday I end the stream and I have to hop on the train and get all the way out into East Brooklyn I'm looking at some wedding venues and while I'm doing that like you're going in the tunnels I'm losing Services coming back because of course I'm yellowing zero DT Options one I'm in and out of service.

we're doing the tour and every three seconds I'm checking it and then my fiance. she's like, well I'm meeting up with these friends we're going to a concert what do you want to do and I'm like dude I'm far away I don't really want to get on like I don't know what's going on so I text my buddy who lives out in East Brooklyn where we were I was like dude, what are you doing he's like actually nothing I was like great. Let's meet up and we meet up buddy like I've known him for a while. he's actually in the world of trading Super Smart Guys Super informed guy.

We always have great conversation and he's kind of a guy that is far more connected in the Manhattan New York Brooklyn scene than I am he's like hey dude I don't know if you're still playing poker, but like there's a pretty interesting poker game I think you're really going to enjoy these people and I was like yeah I have time to kill fiances at a concert like I'm not doing anything tonight so we have dinner and then we go to this kind of like I don't know. kind of like a dive bar I don't know if it's even really a bar. it seems like it was just a hangout spot from like just these old-timey Italian dudes. and I don't know if any of you in this world have ever had the pleasure of just hanging out with old school European grandparent types.

but this this was just a room. a poker table of old school. Italian Guys I Don't know if there's a more comedic group of people on this planet. non-ironically they're going back and forth.

They're like forget about it, forget about it like that. like the way Canadians just say a to like end a sentence like that's just part of the vernacular. These guys were so so funny and they're not ironically forget about it like it was just the most old school. New York you could have possibly gotten and and I shit you not.

At one point they ordered pizza. the guy calls them up and of course it's all these names like just they're all like Italian Brooklyn names they call up a pizza place. they're like Matt you want some pies and I was like yeah I'd love some pizza. Thank you so much.

that's so kind of you to offer. They call him up. he's like hey Tony like I I mean I wish I was making this up. It was so stereotypical.

It was so funny, like it still puts a smile on my face. Tony's like I need three pies and you better not burn at this time but it better be crispy like he's yelling back and forth with the pizzeria. dude it was. probably knew him as a friend.

maybe it was family I have no idea. but it was one of the funniest freaking things ever. it was. It was absolutely hilarious.

So for any of you who ever have the opportunity to just play poker with Just Like Old School European people and it's just like a group of dudes who. it's basically like they're like probably their bachelor pad but from decades ago and then they just kept it rocking I Highly implore you do so because it was, uh, 10 out of 10 experience. 10 out of 10. forget about it, just forget about it.

like dude, it was so incredibly funny. but anyway, that's what I got up to this weekend. um then obviously beyond that I'm still on my like weight loss get ripped cut Journey so that means I was sweating like no other. it was really muggy in Manhattan and I was doing all these like workouts and stuff and it was super super hot.

but yeah, so we're doing that Officially down seven pounds as of now, which I feel like for two weeks is pretty solid obviously. I Keep end up cheating on the weekend you might be thinking well, well, you're eating all this pizza I'm like yeah, on the weekends I cheat basically Monday through Friday I keep it on like keep the Train on the tracks and then on the weekend I just end up cheating so I could be going faster. Um, so that's kind of it. I'm ready for the fourth I'm ready for some Lake stuff I'm ready for some fireworks I'm ready for some barbecue.

but obviously, before we get into all of that, we have a huge week of training. So yes, over the weekend um, the giant political scale, crazy things going on in Russia Obviously going to prompt some volatility in the market, we got to go over that. Pay attention to it. especially in Commodities I Want to really, really track what's going on? oil On top of all that news, So from there then there's updates on individual companies.

We'll be getting into that seasonality. I'm gonna call out all the major macroeconomic events for you to pay attention to this week. Uh, we get I think new homes to actually have the whole list. We get new homes tomorrow, pal.

speaking on Wednesday and on Thursday the Feds bank stress test will be on Wednesday We get the Q1 GDP on Thursday and then also the next inflation report. the PC The personal consumption expenditure report comes out on Friday So huge Huge week before we get a breather. This is kind of like that last set and the gym. The Last Mile that you're running like we gotta finish strong And the the month and the quarter.

really. We conclude the week the month and the quarter so wild stuff going on. Wild wild wild. So I Hope everyone's ready.

hope you had a great weekend, hope it was fun, hope it was whatever you wanted it to be I hope you had a good one. Um, if you haven't already, smash the like button. don't forget to subscribe. and most importantly, maybe show a little bit of love to street beat your AI co-pilot to invest in the stock market.

It's been to the top of chat. it's in the description of the video. If you haven't already, just download it. You could get it on your iPhone you could get it on your Android go to Street be download it.

It's free to download. When you're filling out your application, the very first page is going to be a brief rolling put in the code Matt M-a-t-t and that's how you get anywhere from five to five thousand dollars as a bonus to Pond and like it changes based on the size of your initial like deposit. That's how you get more. So the more you deposit, the more of a bonus you get Obviously it's a marketing tactic for you guys to check it out and I highly recommend you do because it's AI Tool Suite is the coolest thing I've seen available to retail Traders The thing that I really want to bring your attention to today is if you don't have Street Beat already, when you look into it, you're gonna see that they have all these different training strategies.

One is called Uscb U.S Congress Buys U.S Congress something. What is it? U.S Congress U.S Congress U.S Congress Buys Okay Uscb if you look at it, basically it's just mimicking what Congress is buying and selling. So whatever they're buying, you're buying. Whatever they're selling, you're selling, you are mimicking Congress and obviously it's weighted appropriately.

The craziest thing to me is if you look at all the major time frames the past year year to date, six months, three months, last month, that one has beaten the S P 500. So for just example, over the past year, Uscb this strategy that obviously it's easy, you just hit invest and it does all the buying and selling for you. In the past year, it's up 30 while the overall Market's only up 15. as in our Congress has doubled the overall Market They just didn't outperform the S P 500.

They've doubled the S P 500 in the past year now. Obviously I have my own moral qualms with it I Don't think they should be able to trade at all, but once again, they make their own laws of if they could trade or not. So I'm not really going to be holding my breath on if they're just going to stop doing it because I think they're greedy individuals I think they're power hungry I think they're greedy I think they're in there to line their own pockets. That's my own opinion.

Maybe I'm right, Maybe I'm wrong. But in the meantime, yes, we could argue about like the morality of Congress people being able to trade. but in the meantime, if you want to mimic them, you might as well do it. I Mean this makes it so incredibly easy.

You just click on that strategy. click, invest. It does the buying and the selling for you. You buy what they're buying, you sell what they're selling, and the historic performance is no joke.

Uh, it's honestly crazy how much Congresses be in the overall market. So if you want a piece of the action street Beat I don't think there's any other platform that makes it so incredibly easy. Once again, pinned to the top of chat in the description of the video when you download it, just put in that code. Matt It is free to download if you don't want to use strategies.

You can also buy and sell stock yourself. Or you could do whatever part of your portfolios you buying and selling. Or you could use strategies. This is just one.

There's multiple. You can be like create your own. There's a lot of cool stuff going on there. Highly recommend you check it out if you have any questions about it.

DM me, DM the team and I'll if I can't answer it I'll get you connected with the team. They're very, very cool people. So I think you're gonna have a blast. On that note, we should take a look at the overall market right now.

Uh, Friday was kind of a weird day. We popped a little bit sold. Basically, we just quadruple bottom and the market floated, closed, loaded, closed, and now we're showing a little bit of weakness in pre-market As you can see, Tesla is particularly weak. Uh, closed at 250 660, currently trading in 252.

queues are holding up a little bit stronger than the Spy as in Tech. Once again, this is no surprise. Tech stocks are still holding better than the overall market, and then the small cap sector is the weakest. That's the recent performance we.

we've been seeing it. and in terms of the spy and the NASDAQ, the major thing leading it higher and higher and higher is good old. Apple A-a-p-l is I Mean it made a new all-time high on Friday It's just crushing it it this is. it's in excess of three trillion dollars.

Apple Absolutely destroying. So definitely some fun things to pay attention to. Stock futures slip To start the final week of trading in June so this is the last week, the last month of the quarter. This is big and I'm of the opinion that Jerome Powell the chairman of the FED is gonna have to use this exact week to set up the tune and the tone for the remainder of the year.

Of what's going on with inflation, what's going on with monetary policy? We kind of need to get things together and a lot of people are calling out for a mild recession. A lot of forecasters are basically saying the second half of the Year definitely not going to be as good as the first half of the year for many reasons I agree with them, but it is all an interesting setup as we get into the next calendar year, which maybe some of you remember will be an election year, so there's going to be a lot going on with the market. Things will probably get a little a little froggy at the end of the year, and I don't mean that in a good way. I mean that and I think the high we just saw on the Spy actually I'll say it once again, but I've been calling this out for a minute I think this high of 444 I was calling it out on Wednesday It ended up making the high on Thursday I was off by a day.

sorry sue me I'm not perfect I wish I was perfect I wish I was a fortune teller I was calling it out on Wednesday I was off by day. but I believe that this eye will be the high water mark we see for a decent amount of time. Kind of a medium term call out might be right, might be wrong. This is just my opinion that is not in any way a signal for you to go long to go short.

Obviously, do your own research, do your own. DD But based on what's going on with the Fed and then being hawkish actually surprisingly hawkish. Probably getting two 24 25 bip rate hikes between now the end of the year, inflation is still not worth we want to do to be we're seeing. Actually, some of inflation is surprisingly sticky relative to what everyone forecasted it.

and now you add in just continued conflict of what's going on in Russia Russia and Ukraine Things are just. we're in an uncertain time. We're actually even getting some other reports I don't know if you guys saw it over the weekend. Some banks in Australia are putting really low limits on how much money you can take out, so that's a bit concerning.

We're getting reports out of China that their economy is not as hot. it's not as good as it should be right now, like coming under expectation, so there's just some weaknesses and some uncertainty is clearly starting to brew. So I just wanted to share that with all you. and obviously I'm going to do my best job to articulate what I at least think it means what it doesn't mean.

So once again, just all my opinion. I Highly recommend anything I Say or do. Take it with a grain of salt. you should be confident in your own positions, even if that's just sitting on your hands.

but this is just I Guess how I view some of these things So the major story over the weekend involved this dude the president of Russia Putin and actually a pretty crazy like short-term Civil War I Guess is maybe the best way to put it. Wildness is really the best way to put it. Putin faces historic threat to Absolute grip on power in Russia The Russian leader diffused an arm Mutiny but doubts about his rule are growing. This is something that's going to go down in the history books.

This isn't just like a little Side Story that we're paying attention to for now, what's happening and what just happened and how things are probably going to play out over the next week or two. This is definitely something going straight into the history books. Vladimir Putin Managed to avert an attack on Moscow with an 11th Hour deal with his mutinous mercenary Commander but the uprising has pierced his Aura of total political control over Russia Unlike any other event in his nearly quarter Century in power, Insiders in Moscow were stunned that he ignored repeated warnings that Wagner Chief So if you don't know what Wagner is, it's a very large funded, uh, very efficient mercenary group who is led by Evgeni Bergazin I believe is how you say it was preparing to bring convoys of heavily armed fighters to the capital. Instead, the Russian leader allowed them to get so close authorities had to deploy tanks and troops in defense that's fueled once Unthinkable doubts about the legendary command of the country.

So if you rewind to just Saturday morning, everyone was kind of on like the edge of their seat, wondering is if Getty about to die is Vlad about to die like what? What's going on here? Like there was a huge power struggle. It actually quickly got diffused. But I don't really see an Avenue in which both of these men remain alive. Um, there's a lot of crazy theories going around right now of what was the goal.

A lot of people are pointing to kind of a nuclear Center that the Wagner group stopped at before retreating. Apparently you've again he's currently in Belarus like leaving. So there's a lot. A lot, A lot going on.

Um, so I Just once again, I'm fully fully aware that anything in the news right now. this is probably just a portion of the truth. There's probably a lot more going on and I'm gonna do my best to try to cover it. and I understand that, maybe some of it.

is conspiracy or maybe you have ideas yourself that might be labeled as a conspiracy that you think are accurate and like maybe the news isn't telling us and I fully agree with that I think we're only getting a portion of the picture I Think this whole thing is truly truly wild, But obviously this is going to have a clear impact on the market, a clear impact on the market. So I think we should do our best to try to piece through what is accurate, what's most likely accurate, and maybe what's like just a little bit of fluff in terms of the story because obviously we all know headline self. So NATO Chief says Mutiny reflex Putin's mistake. So here we'll play this.

who is getting percussion. The former caterer who went on to lead a powerful mercenary group and watched on. Moscow Born in 1961, Progression, was a petty criminal in his early life and was jailed for nearly a decade. He later became a hot dog seller and then involved in several businesses became known as Putin's Chef Personally serving food to the Russian leader at dinners with dignitaries, the two appeared to share a close relationship.

In late 2022, Pregosian admitted to being the founder and head of Wagner a Russian private military contractor. This, after years of denials and even using European courts to sue those who suggested he led the group, The Mercenary unit had a close link to the Russian military and intelligence. Community barkner set up eight years earlier in 2014 was utilized in the capture and occupation of eastern. Ukraine Percussions Group extended the Kremlin's influence overseas while allowing Moscow the ability to deny any involvement in any of the group's operations.

Wagner has been identified in aiding government's fighting conflicts and stamping out dissent in the Central African Republic Syria Libya Mali and Sudan Wagner's Fighters have been involved in some of the fiercest fighting in Ukraine notably in the capture of Bakmud in the East because in turn to recruiting criminals from prison with the promise of Freedom hit by heavy casualties. Precaution Crew increasingly vocal in his criticism of Russia's conflict in Ukraine and Military strategy, the Wagner Chief directly blamed Defense Minister Shoigu for a lack of ammunition and weaponry. Precaution later claimed Defense Minister Shoyu ordered an airstrike on vagina troops and retaliated by sending his contractors to taking hold Downs in Russia and what he called a March for justice to Moscow At the time Vladimir Putin saw this as treason. All those who deliberately embarked on the path of betrayal who prepared an armed Rebellion embarked on the path of blackmail and terrorist methods.

while Pregosian later calling off his March said he was loyal to Putin. As for betraying the motherland, the President was very deeply mistaken. We are patriots of our homeland. We have fought and are fighting be rights we have I don't see how this is gonna end as like, peacefully as it's currently being pitched.

but anyway, that's a little bit of a background on this guy. Uh, I guess hot dog salesman turns into kind of a right-hand man-esque person to Putin and then from there like running Wagner which is a huge mercenary outfit that is obviously currently active in Russia Ukraine and Belarus all that good stuff. Putin's weakness laid bare after 24 hours of rebellion in Russia. So basically from Friday to Saturday things were pretty Saucy But now things appear to be calming down.

A so-called 24-hour coup by Russia's mercenary boss Evgeny Pregazen ended in his anti-climactic pullback from Moscow on Saturday in his unceremonious exiled to Belarus Russia President of Vladimir Putin was able to avoid a dramatic and bloody standoff with his one-time alley for Gazan. The fact that the upstart Pragasen could even mount an arm mutant with his private military company is an embarrassment and political blow for Putin and his regime. So I would assume he's very, very pissed off at this moment in time. Kremlin says it gave per godsend deal to end Mutiny So my question for all of you and here's some information you can check it out on Bloomberg of what was going on.

people were kind of pointing out where the Wagner I guess enforcements were stopped. Actually was, uh, like a nuclear reactor site so that might have something to play with it like I don't know, that doesn't seem to be uh, confirmed or really disproven at this moment in time. but I kind of wanted to bounce off of you is do you believe that it just ends here like to me I try to wrap my head around it of I think somewhat of what mainstream media is talking about right now of like this is uh, if anything, maybe like an ego blow and like it's it's proof that maybe Putin doesn't have as much control on the nation as it used to. Uh, these dissenting voices are obviously showing that they are at least some level of powerful.

I Mean this is the type of stuff that a decade or two ago this was not happening with Putin like people would. bodies would have just been on the floor and then that would have been it. So it's crazy that got to this level and granted you could point out well dude, it only lasted 24 hours like it did like. there was a quick reaction but even the fact that something acid even one hour I just it kind of blows my mind.

kind of blows my mind. I Personally don't think this is the end of it I Honestly I don't know if there's been any videos from Saturday to now that even show if like you Getty is alive I mean they say he went back to Belarus uh I Wouldn't be surprised if he's kind of unalived at this moment in time I Don't know I Just think there's a lot more going on than maybe the public is even informed about one of the crazy things I Saw this morning though here: I Wanna I think uh, let me find it right here. breaking U.S Intelligence Agencies brief senior officials on Wednesday of last week that Evgeny was preparing to take action against senior Russian defense officials. So apparently this has it just randomly happen over the weekend.

like even U.S Intelligence knew about it like I wouldn't be surprised if in one way or another I don't even know whose side we would be on at this point, but obviously it was, at minimum, a situation that we were clearly paying attention to. was their involvement above that? I have no idea but also where the U.S So I wouldn't be surprised in the slightest if we were. but uh, something nuts. And the main reason I'm really getting into is because of the oil markets.

Oil markets breathe a cyber Leaf after Russian Mutiny was aborted. Remember Russia is a big supplier of oil to the world, so if there was a civil war, obviously Supply would be cut demand saying the same prices would Skyrocket And then even if you're checking out what's going on with oil, at first there was a pop. We're coming down a little bit from it now, so oil's been relatively dramatic. recently.

we are coming down. We're trading in the downward Direction but there was a bit of a pop and as that article is referring to, yeah, a little bit of a sigh of relief. So as of now things seem to be calm, but it feels like we're just I don't know, almost on the edge of a situation and hopefully we can step back from the edge. But I don't know something.

Without a doubt to pay attention to, OPEC says oil demand will hit 110 million barrels per day in 2045. So this is just a little bit of more of an like forward looking statement. But from OPEC and their allies here, Global oil demand will rise to 110 million barrels a day in two decades, bringing the world to energy demand up 23. we'll see global energy demand increasing by 23 through 2045.

I Kind of see this going both ways. I Understand what they're saying because obviously as more the world becomes developed, there's going to be a higher demand for oil. But on top of that, as more of the world becomes developed, so is our technology and a lot of our current technology is getting away from using oil. like obviously Black Gold there.

so it'll be interesting. Um, op I Mean they're pretty spot on. They're They're pretty freaking spot on with these types of things. but also like I just think about the surge in EVS right now and then I think about what the world's going to look like two decades from now and I Understand that the other other argument that there's a lot of countries that are going to develop and they're actually going to go through their own Industrial Revolution Which means that they might need a lot of oil, but if technology gets Advanced enough and if the price points come down, what if they just skip the whole oil thing? I Guess it's an interesting thought experiment, but really, with the explosion and technology and the technological advancements I Think it's kind of tough to predict where we're going to be in two decades from now because I mean just the rate of advancement is absolutely Sky High Moving on a little bit International China Economy Gloom worsens with weak consumer spending data Chinese China's consumer-driven recovery is showing more signs of losing momentum as spending slows on everything from holiday travel to cars and homes.

Domestic travel spending during the recent holiday for Dragon Boat Festival was lower than the pre-runa levels. Home sale figures are below the level in previous years, while estimates of June Car Sales showed a drop from a year ago, so that all sums up to not being so. Bueno The rebounding consumption after China shed its covid controls has propelled growth so far this year, but confidence is weak and evidence is mounting that the economy may need more help. After the Central Bank cut policy rates earlier this month, economists raised their expectations for more monetary and fiscal stimulus and state-run media.

Outlets Have also published a series of articles in recent days highlighting possible Avenues of support. So there is a bounce back clearly. but as it really alluded to, there's start. There's little signs, little pieces of evidence that maybe the economy is starting to falter.

so something to pay attention to in terms of international markets. Bringing it back to the U.S Goldman Sachs is cutting about 125 managing directors globally. So this is just once again continuing the narrative we know of starting with Big Tech, continuing with Big Tech and also now going into the world of Finance of Just Jobs are getting cut. We are clearly in a situation where large companies are starting to kind of like Shore their resources and we're seeing many, many jobs being cut, particularly for today.

No major events scheduled, but for this week like I said Pal speaking twice, we get new home sales tomorrow Tuesday Pals on Wednesday and Thursday we get GDP also on Thursday and then we get the next inflation report this: Friday In terms of earnings, maybe some of you want to check out Nike that's going to be Thursday I Know there's some Nike fans in here uh Carnival I believe was this morning I don't know the numbers off the top of my head I'd have to look into that. Other than that, we're not really an earning season. Maybe some of you are trading Micron just because of the world of semiconductors right now, Mu. So maybe you want to check that one out so there's a couple.

but I Just wanted to share the list. With respect to today, the seasonality is pretty much neutral over the past 25 years. Examining this day, the Bulls have won forty percent of the time. So even though they've won less than flipping a coin.

The Profit factor is still 1.15 so it was trending down, down, down, Down recently. It had some nice pots, so I in my mind, they kind of just cancel each other out. So in terms of seasonality, I Don't think today is really headwinds Tailwinds it's just not really the thing I'm gonna be trading the most on. If anything, what I'm going to be looking at is just more of this daily chart of okay.

we were trending up and now we're making a series of lower highs and lower lows. So I would argue over the past week. Well, yeah, we're trending down. I mean this is the first red week we've had in about six weeks, so it it does seem as if maybe this is a potential top I Wouldn't say it's confirmed yet, but obviously we're seeing a bit of weakness.

It's either a pullback for a rip hire or this is kind of the actual high water mark and we're going to be coming back to potentially this Gap fill that 423. so I'm watching that, but obviously that's a little bit more of a medium-term thing. What I'm watching for today is either breakout of Friday's high at 4 35 or the breakdown of Friday's low at 433. We're actually opening up below that the or no right at it right now I Guess it depends.

we're a couple cents away. but if we still continue to the South Side I will be watching 4 30 flat really 429 then some change. So these are the major levels I'm watching in the very, very short term, but once again, seasonality today is pretty much neutral. Find things to know before that: Bell goes dignity Ding ding ding today Monday June 26th Summer Slide I Think that's a little bit dramatic just because the recent Market push from mid-march until now has been greatly to the upside.

Uh, Russia Revolt Fizzles Out we talked about that. Oil Markets on God very much all eyes on Court Supreme Court this is, um, the student loan stuff. We're going to come back to it. Uh, a bow on earnings season.

So a couple this week Walgreens and then Nike and with that being said I know I'm a couple seconds late but the casino is open. while we are watching the market open. there are a couple things I want to bring to your attention I still have I I've had spy puts for this Friday for a couple weeks now so I still have those: I have some dumb, degenerate, um, Dfts for the spy and the queues expiring today I have some puts for that so just really dumb stuff I don't know why I did it I have some farther dated IEP puts and I have some farther dated Tesla puts. So the farther dated IEP and Tesla puts I would argue as my core position.

my dumbest positions are spy puts and cue puts that expire today. Don't like that I did that. probably should have taken my money on Friday I was hoping for I was very much hoping for an orally morning I'm actually not down that much 6.5 Okay, it could be worse. So I was hoping for a quick vomit this morning, but we'll see how things go.

We know Tesla coming down Goldman Sachs and going the way some other analysts downgrading Tesla basically saying it's like come too far like it's just it's running a little hot. it needs to chill out. so that's why Tesla's currently down. was it 1.7 percent? So that's pretty much the scene.

As always. I'm trying to watch the market for the first 5 10, 15 20 minutes today to do anything too crazy. but also like I said I do have uh I have a hundred spy Zero Dtes for today at 4 33 June 26 and then I have 30 cues as well for 360. so both are for today June 26th I have Q puts spy puts the Qzart 360, the spies at 433.

uh, the the Spy is now green. it's up a little bit and the queues are down. obvi the Spy position is way larger I have 100 of those the cues I only have 30 just because the cues have been stronger. but I am hoping I'm hoping I'm hoping that there's like a little early morning vomit right here that I can get out of my position.

Uh, obviously when you're talking about zero DTS it's full on degeneracy. It's a DFT some fucking trade and it's just something that I like to be a little bit more fun with it on Friday and now I'm just kind of carrying that over into Monday which is where our Dairy should be. A little bit more serious about it. So basically I'm currently babying the position like I said I have a hundred of these I have 30 of these I am hoping that between, well, I'm hoping instantaneously I just want to see a quick vomit I would love for the Spy to come down to actually what level am I looking for the break of what was Friday's low 432 47 So I want to see a snap of that 432 47 432 47 47 Right there.

we'll make this red Just so you know that yes it is. In fact, Friday's low. So I'm looking for a quick test of that. A quick snap of that would be ideal.

Uh Tesla bouncing back because of I guess everyone still wants to buy Tesla which is strange to me. Very strange to me was that the dip of the day? Uh oh uh oh SpaghettiOs This actually feels like it's going the way of Friday where I have like in our right position and then it just rips horrendously against me. Uh, seeing a little bit in the weakness in Apple's opening. but once again, we're three minutes and some change into the day.

This isn't really indicative of what's going on actually. I Want to ask you guys that we're three and a half minutes into the day, almost four minutes into the day. How do you think guys is gonna play out? Um, I think a lot of you guys end up like voting on recency bias. Uh, but if you looked at a little bit of the larger time frame, I'm not saying pre-market in the open right now.

I'm saying if you looked at like the daily chart and you had to give a best guess of how today goes, do you think it's a Green Day a red day? Do you think it's a bullish day? A bearish day? What's your overall mindset? Would love to know where everyone's at, where everyone's at Red Red Red. Oh, some of you are saying the street beat link is not working here. Let me see if I could get an new one. Why would that one not be working to clipboard? Uh, let me see if I could, uh create new link.

Uh, let me see. let me see. Create Okay here. I'm making a new one and I will switch this all out so you guys have one that could work on my apologies.

uh why did that not work? Okay, replace I Think it should be good now. Could someone just let me know? Please if that one I Just try to switch out the link I Guess it was linked into some weird video I Have no clue what happened there. It works. It works.

Thumbs up! I'm not working I don't know what I did, but um, you actually don't like need to click on the link. Obviously you can. but I think it's more important that you're putting in that code matte. But the link should be working now.

should be linking my working. Uh, the link. The linking should be working I Appreciate. Fuck, why are we bouncing? Where are we at? Oh I'm getting quickly marked here.

this is I We've now been noticing this: Trends what is it Wednesday Thursday Friday Last week and now it's continuing to today of like just every morning, there's a quick little drop. We're talking like sub five minutes. maybe even sub three minutes and then just a pump like if you look at the opening session. the first whatever.

15, 20, 30 minutes. This is how things have been going. It's just It's just a pop. We open up with some perceived weakness and then it just rips right from there.

Crazy, Truly truly crazy. Uh uh yeah, the morning buying friend, it's I I Don't know why people would want to buy though. like I don't see what's going on in this chart that people are like this. This is what I need I need to be buying right now I I just see a series of lower highs and lower lows so it seems like potentially trying to pick the bottom and I guess maybe they just viewed as a low risk like I I suppose in my mind I understand people who bought early early because it was so close to the low that hey, if it breaks, it was just minimal risk.

But when it starts to rip like this and people are buying on the chase up I just I I don't see the risk reward I Feel like one of these days if there's a big dump afterwards, all these people are just trapped. like especially the Chasers Like I said early, if you're in early and you're like nope I'm just risking Friday's low. So you're in and you're risking about 20 30 cents. Like whatever if you're wrong, it's a paper cut.

so I get that argument. But the people who are buying up here when we bounce the dollar from 430 to 60 all the way up to 430 360. it already bounced the dollar and then people chase that I I Just don't get it unless they're just on a different time frame and like, obviously we're all on different time frames. We all have different risk tolerances like we're all looking at the market differently.

So maybe I don't know. Maybe on a larger time frame there was like some RSI Divergence or a Macd or some EMA cross and people bought it there. But for the very short-term people, the day Traders and the swing Traders were like yeah, it's up but I just don't get that chasing methodology of like oh, it's already up so like let's just keep buying it. it seems to just blow out your risk to reward.

I I Just don't understand. That's why you're a YouTuber not a Goldman hedge fund manager. Uh, well, sounds like some of those managers just got the boot. 120 of five of them fired.

Um, but I Highly doubt Goldman is day trading like Goldman is. probably, if anything, they probably have some sort of Quant fund I would imagine and then probably more so doing fundamentals and just doing like weekly and monthly rebalancing. I Highly, highly doubt that they're looking at the one minute chart right when the Market opens. It's just inherently the more money you're managing, like you're actually legitimately running into liquidity issues.

So it becomes very very very very difficult to do short-term stuff. Um, it's actually look easy. It is like truly easier in terms of money management to be a small Trader just because you don't have to face any of the liquidity issues. It's tough.

Like if you wanted to buy like a billion dollars right now, a hundred million dollars of Tesla right now you couldn't. But if you want to buy five or ten Grand well you're not really pushing the market in any direction. It's just like as a like I said a quote-unquote smaller Trader You don't have to worry about any of the like slippage of these huge executions and that type of stuff. so I don't think that like there's a Goldman Trader who saw this and like I'm buying it up all right I'm gonna sell a little like already I'm gonna buy it up.

It most likely isn't happening like that. Uh, would we have? Oh what did my street just do orders for top government contract recipient strategies? Speaking of Street looks like the The One strategies just did a little bit of rebalancing. what is it in? So the ones I'm in right now on Street Beat are the Bond ladder. That's where I have most of the money the top government contract recipients.

That's where I have the second one. uh U.S Congress Buys is my third honey Badger which is one, I Made is my fourth and then the value Hunter is my fifth and actually as of now my five strategies. uh, three of which are Street beats and the other two I made myself on street beat. All five are currently in the green I Wish I put more money in the Congress one.

but wait, the top government contract? Which when does that one in? Uh GD General Dynamics ACM a Acom I Don't even know if I've heard of that, Just a bunch of government contractors. There's a lot on this list. Interesting. What is the honey Badger currently and honey Badger is currently in Gs BAC AAPL Amazon and Burke B And the value Hunter These are once again my two created ones are in CB Cop JPM Ump and Costco cost goes up quite a bit I wish I bought one of Costco more of Costco for sure Uh Market's still ripping which is destroying me.

Is there a gaffle on Tesla from Friday Uh, great question. Let's see, not anymore. it filled. I mean as soon as it hit that low, it filled the the Gap field was at 252.80 and we're trading 50 cents beyond that 60 cents beyond that.

So when we open today, you could have argued a legitimate trade. We opened at two 250 dollars and seven cents you could have like are if you were going for The Gap though you could have played that up to 252.80 which was Friday's low so there's no longer a gap. Uh, there was right when the market opened though. if that helps I mean I wish so we opened right here where my cursor is at 257 250 and 7 cents.

And then obviously there's an upside Gap to Friday's low at 250 280. But uh, We've since filled that. All right. Is it time to go? Time to go to the downside: I I Hope so the cues may be shown a little bit of weakness at this yellow line.

What is this? The 10? EMA Yeah, just a 10 EMA Nothing too special. Uh, the queues. the tech sector. uh, actually showing a little bit more weakness than the Spy.

Maybe it's because of the bounce back and some of these energy plays. but anyway, on the queues just intraday. My first thing I'd be watching is to 360 257 and on the Spy I would be watching 4 33 37. Just some intraday levels.

But really, what I care about on the Spy is Friday's a little. really. what I care about on the cues is Friday's low. Uh.

and then on the flip side, the high I Want to know if we're breaking on or breaking down because as of right now, the cues have an inside day. but Friday was also an inside day as in Friday and thus far today, a non-trending day if you look at the Spy not an inside day. We did break the low on Friday. we broke the low of Thursday thus far today though, and inside day, we are within the high and the low from Friday.

So indecisive at this moment. Yeah, on the one minute chart, it looks like we're going up, but like when you zoom out to any larger time frame, we're just not really doing anything too too much at least yet. But remember, we're only 13 minutes into the day and yet, Apple is still so freaking strong. Apple I I Tweeted this out on Friday I Truly don't understand who is buying Apple at these levels? I I Just don't get it.

Who would want to be buying at an all-time high that seems just like a soccer play to me? It really does. I Don't think there's any proven methodology where people are just buying at all-time highs, especially when the market seems this. Rocky That's obviously just like my own opinion on it. Maybe you know of a strategy where you're like, well, hang on if there's this type of momentum, like the expected value is whatever.

one two three percent return something like that and maybe it exists I'm not saying that it doesn't exist, but conceptually to me, it just seems so wild to be buying at all-time highs. I I Just don't get it I Don't get it at all. Uh, it's all about Apple Bill Gates Secretly buys Apple Then shorts and dumps it every week. What? Where are you getting that information? It's all about Bill Gates Secretly buys Apple Then and then shorts and dumps it every week Jason Where are you getting that information? from? It feels like you're just creating the conspiracy theory here and then like we're gonna end up spreading it and be like yeah.

I Heard from a super credible source that Bill Gates buys Apple and dumps it. We We end up finding out that our community is the birth of like just many crazy conspiracies. We were. We were making some good conspiracies there for a second involving like Justin Bieber and Miley Cyrus.

That's that's half the fun of the internet. Half the fun of the Internet is just straight up conspiracies Market going the exact same as Wednesday Thursday Friday at least Thursday and Friday. We're just. we're seeing strength right at the open.

Uh, we've had pretty much now 15 minutes of non-stop buying. That's that's wild. fuck my zero DTS are not looking pretty. Um, to the upside: I Don't know if I'd get too crazy about anything until the Spy gets above 435, which it's 90 cents away.

I Also do want to point out that there is an upside capital in the Spy to 438.97 that is from Friday June 16th to Tuesday June 20th. A bit of a gap down situation there. So uh, Upside: Gap fill on the Spy to 438.97 if you are so interested. but look at the Spy.

The Spy has just not stopped. The queues have not stopped. Uh, everything. Look at just bouncing right off the 10 EMA bounce Bounce Uh Apple was below that first.

but bounce bounce bounce Tesla bounce. It's just. apparently the one minute chart is really, really respecting the 10. EMA Just non-stop pure buying.

What does the Futures market look like on this? Look at that rip. kind of a fake out breakdown right here right before we got to open. kind of Faking out like oh, we're gonna open with a bit of weakness and then they just rip it all the way up to basically 4 400 Key technical level key psychological level Uh, key reactionary level The level we're ripping to right now is exactly where the Futures Market was. Finding support so much right here.

Just bounce, bounce bounce. Absolutely crazy, Absolutely crazy and let's see how it goes. Some crazy strength. Oh I find this to be so frustrating.

which isn't good because it means that I'm just not right reading the price action like I have obviously I come into this with a bias I read the news I Pay attention I have positions so obviously I want things to play out and then of course not only does it go against me, but it goes against me in such spectacular fashion that of course I get frustrated just like fucking unadulterated non-stop buying. Just green green Green Perfect 45 degree angle. Just some massive buy programs. just buying.

buying, Buying Buying Buying buying buying. No breather like whatsoever. It's times like this that I just get so insanely pissed off about it. So insanely is this new normal? It is, at least within the short term.

The tough thing is predicting how long this type of trend even goes or this type of I guess Market BS Like it's just non-stop buying I Also find it funny that when this happens, it's very, very common for retail to act as if this is normal and it's supposed to happen. But I'm telling you if this happened in the inverse and it was red bars, everyone be like, oh, that's manipulation, That's manipulation. It's interesting how in general the markets, especially retail Traders The retail Traders View of bulls is like that's good. It's good to be a good Bowl Almost as if it's like moral.

and then if you're a bear that's somehow viewed to be like immoral or evil. which is weird because like, whatever, you things might be overvalued, undervalued, up or down like I Don't think there's anything that's like necessarily, right or wrong I Don't necessarily think that Bulls are any more or less moral Traders than bears, but because of that and like that's I know I'm in the minority with that type of an opinion, but when this happens in the bullish, Direction everyone's like, okay, great, great, that's how it's supposed to go. But if it were coming down if it was perfectly inverse, like if it was just this much selling, selling, selling. Uh, especially in individual equities, then people are like no, that's manipulation I Don't really get it I Don't really get that Bears hate America I Don't agree with that at all.

Uh, don't agree with that for a second Bears Hate America What does that have to hate with America taking a short position is you just think something's overvalued? There's many many scam companies that have been pointed out because of short Sellers and almost their like investigative journalism that they pull off and they they're They find out fraudulent companies I would actually say if anything's a moral act I would argue that is a moral Act It's because Bears have claws. Typical sign of a villain, but bulls have horns. which that's the sign of a villain too. Isn't it Shorting should be illegal? No, it shouldn't Why why do you think shorting should be illegal? Who cares? Manipulative shorting should be illegal.

but surprise surprise, it is illegal. Um like I this Con People love to just be like you shouldn't be able to short and that's just in my opinion, incredibly uninformed. They're once again are many fraudulent companies that have been exposed and found out because of shorts. If you think a company is a fraudulent company, why shouldn't you be able to short it If you think it's overvalued, you should be able to play it down if you think the Federal Reserve is making missteps if you think this, that or the other thing if you want to put your money where your mouth is, whether to the upside or to the downside, you should be able to do that.

now. obviously I'm not talking about anything that's manipulative like I'm I'm against manipulative shorting as much as I'm against like manipulative longing manipulation in the market. It is illegal that I would argue is immoral, but that happens in both directions and I'm against it equally in both cases. But for people just to say that like oh, we should ban all shorting.

Why? there's no, there's no reason just to be like I don't like shorting I like I I've heard zero good arguments whatsoever of just being like, yeah, we should ban it because of this Um, I I don't agree with that like whatsoever. In fact, there's actually been some studies done of the market uh, where they've shown that the overall equities Market is more valuable because shorting is in it. As in, just like overall, indices would be priced at a lower level if there was just never any shorting. So like, in a weird way, like long-terming vesting Bulls they should be happy that shorting exists because Studies have been done, that the markets are actually higher because of it.

Isn't it banned in like, can't China and Canada sort of thing. No, not at all. No shorts available for C3a I Think you mean no, uh, shares available on loan? Uh, but that's probably looking at a broker. So if you're like someone just said no shorts available on C3 AI That's probably just looking at like interactive brokers.

Remember, you take shares out on loan to go short from the individual brokerage like some Brokers might not have some right now while other ones do. It's not like there's just like one cohort of where you can get shares from. Like to go on loan. you would check with different brokers.

Foreign shorting is power to the people and inbreds. It's very good. If business is a fraud, why is it trading, That's a very good question. and that's what a lot of shorts call out.

So for example, I I'm of the opinion that Gns is just a complete scam company, Gns this one. I think it's a scam company run by a scam person and I mean the chart shows it. Pump Dump pump Dump pump Dump. I Don't think it should be trading.

In fact, the company's been like caught lying reporting inaccurate numbers to its shareholders. and so I think why should you not be able to short this? It's a like it's a trash company and that prediction is right. Look at this. it's fallen from eight dollars all the way to 74 cents.

and I in my opinion think it's going to keep going lower and lower and lower. Obviously I should probably tell you that I have no position on this I'm not long I'm not sure I don't have calls I don't have puts I don't have any position on Gns whatsoever. So in reality I don't care where it goes. But to that question, if it's a fraudulent company, why is it writing well? Sometimes people don't know it's a fraudulent company.

Uh, shorts are eating Cactus right now Uh, shorting AMC and Gme should be illegal I Don't agree with that at all. Um, even though I own AMC and I own Gme, you should be able to take a legal legitimate short position which is completely different than like stock bashing or spoofing or Ftds or any of that like there are manipulative practices. But I if you take a legal legitimate short position I don't care where on what Equity or ETF or future crypto it is, As long as it's legal and legitimate people, it's the free and open market. You should be able to put your money where you want to.

If you have a strong enough opinion and you want to be bullish or bearish on something, you should be able to do that. Uh, obviously, manipulation is a completely different argument, but even AMC I am long AMC I'm long Gme and I still think people should be able to legally and legit legitimately take a legal short position. Manipulation is a completely different story. Uh, I don't like shorting a company out of business aspect of it.

they're I mean I I can't name uh example: I cannot name a singular example of a good company that was shorted out of business and maybe you guys can. Maybe you guys can find one on Google but I think that's a lot of verbiage that's like commonly said on like whatever Twitter space calls and Reddit and stuff of like shorting uh, a business like out of shorting a company out of business I I cannot find an example of a good company that was shorted out of business Toys R Us I mean you have to look at its financials that was not a well-performing business Toys R Us did not have good Financial trajectory like whatsoever. it wasn't like it was thriving. it's I Think there's the stats on it are kind of interesting because right now in terms of people who like swing a short position that's about like five percent of the market.

like if you look at hedge funds and whatnot, most of them are either Market neutral or long like it really does pay to be a bull like if you're looking at any serious time frame Bulls Win Like even if you do any like strategy testing or anything like that typically always does better on the long side like there's not many people who want to be bare. It's not like half the day people are going long and half the day people are shorting shorting. First of all, it's a small amount of actual Market activity. Most Market activity is Longs going legitimately long.

Uh, but the tours are us thing like I I don't really get that because that wasn't like a company that was thriving and just short speed it down to zero. That's not my understanding like at all. Uh, Toys R Us got their board invaded and sabotage. Kind of different than just being shorted in the open market, good or bad, it's still tons of people out of their job.

and yes, it might have happened anyway, but shorting makes it worse. Shorting makes it worse. Well now it's kind of getting philosophical. but like if it speeds it up like there's no why would we let a Bad Company continue to run? Like on the flip side, they're still putting their money where the mouth is.

Like if AMC and Gmail is a good example where the shorts are piling up and they're still taking risks. Like they could obviously get blown out of the position. So like just because there's people working there, shorting it or not, if it's still going down like let's say, there's no one shorting it, a lot of these companies would still fail Like let's let's say in this hypothetical scenario, a lot of these companies that maybe people are pointing out are shorted. Even if they didn't short their business, financials suggest that they're going to be blowing up anyway.

Like if you look at something like Bed Bath and Beyond Bbby, it's just a poorly run business. If there was no shorts at all, Bbby was still destined to fail. It's not like without shorts, it would have all been fine in a thriving business. It wasn't a thriving business.

Uh, some companies might have survived without shorting. We'll see. That's my question to you is I can't name an example of a company that was actually well run that was put out of business by shorting like I Don't think Toys R Us is a good example of that. The the company wasn't running well and if it was another company would have bought it out like so for example, using BBY Uh, most of it not good, but you have Bye Bye Baby which is actually an interesting asset and has value.

And that's exactly why Overstock Quickly bought Bye Bye Baby because they thought it was like a legitimately good business and they wanted it. But that tells you the fact that they individually bought Bye Bye Baby and the rest of it is kind of trash. Well, that's why Bed Bath and Beyond is it just wasn't a well-run business. Uh, no access to selling more shares to fun turnaround efforts, No access to selling more shares.

Well, that's uh, typically a shareholder vote if they want to approve more shares. But once again, when you approve more shares to raise money, you're typically driving the stock down so that has nothing to do with shorting. That's actually an instance of like the shareholders and the board agreeing to take on short-term pain to raise Capital to help fund a potential turnaround, but that when you increase the supply of your own shares, of course, price is going to go down. You're lying.

Travis I'm sorry that you think that I'm lying, but like I guess Could you be like more specific of what I'm lying about? Uh, Bed Bath turning around, check back on it in a couple weeks. It's literally training under Bbbyq because of bankruptcy. The only truly valuable thing that Bed Bath has as an asset is Bye Bye Baby And that's why I Overstock bought it. Price is artificially low so that they can raise as much Capital as they would if it weren't heavily shorted.

Price is artificially low so they can't raise as much Capital as they would if it weren't heavily shorted. What one are you talking about? It feels like you're just like screaming about being a bag holder on something and like I get like obviously It's upsetting to lose money. but I think you have to be a little bit realistic about your situations. Just because you're in something and it goes down, doesn't mean it's manipulated.

Sometimes we make bad trades, Sometimes we make bad investments. Just because something goes against you does not mean it's manipulated if you're true. If you're talking about Bed Bath and Beyond look at it. It's a very poorly run business.

Why do you think Ryan Cohen pulled out? Why do you think Ryan Cohen called out the Consultants Why do you think he called out the board? He wasn't calling out everything involved with Bed Bath and Beyond Because it was a well-run business. In fact, it was bad. He tried to get in there, get a distress asset and turn it around, but it was so bad he pulled out. So if you're arguing right now, that bed bath like it's just a victim of shorting and they couldn't raise money like there's just no actual like evidence to suggest that there's no evidence to suggest it at all.

Enron was a legit short. I Mean there's a lot of things like I mean I can come up with companies like my question to you and I'm more than happy to be proven wrong. Like hey, if you have, uh, no, it's manipulated, What's manipulated you screaming it's manipulated doesn't make it manipulated. You have to just find evidence of it.

Like where is there evidence of Bed Bath and Beyond being manipulated. Fundamentally, there is evidence of it being a very poorly run company. But also, that doesn't mean that it can't be manipulated. I'm more than happy to hear that you could be like, yes, I Get it, the company's not run well, but it's manipulated even further To the downside, and that's fair.

That's a very fair conversation we have. But like you just screaming, it isn't evidence of it. You would have to like the onus is on you to like actually show evidence of it like you. You have to prove some sort of evidence.

hello. I Legit. Believe you were bought out by the shorts I Mean that doesn't happen. That's so silly.

No shorts are buying out content creators. That's like the dumbest shit ever. And like if you view the market with that conspiratorial of a nature with zero evidence like wholeheartedly, the Market's not for you. And like that doesn't make me like happy to say.

But you're just not going to survive in this game If you are placing money on bets like in the market and you're doing so with no evidence. Like if your evidence is random things you saw on Twitter and Reddit understand who you're competing against, you're going those hedge funds those shorts that you referred to you're competing against rooms of PhD People like they have Phds. They're highly informed, they're well, they have way more resources, they're way more capitalized, and you're just like screaming conspiracy with no evidence. Like do you like, actually think you're gonna ever beat them with that type of a mentality? Like it's just not a way to interact with this, Like you should be able to come to the table well informed and when someone says like hey, what do you think you should be like I think XYZ And here's my evidence.

Here's my evidence: A B and C And this is exactly why. But if your evidence is dumb fucking things you read on Twitter and dumb fucking things you read on Reddit and more. So you're just upset that you're a bag holder. like what? What are you doing Like how how do you expect to win in this game like at a cert