Foreign, foreign, foreign. what up brother? Uh hope everyone had a good day. I Had a pretty boring day. honestly like the the Trading Day even though like we're pretty green like the spies up, it just almost was like low volume, low volume, low volatility.

kind of like lethargic. Really strange day. uh definitely a pretty strange day. uh uh I hope you got out of your position I Did my risk was hit as I showed everyone this morning my risk was the high from Friday and actually uh I think that got hit like at 3, 10, 3 15 like that.

So I was kind of sitting there all day just watching my puts bleed and bleed and bleed and then eventually my wrist got hit and it was painful. but hey I know how bad things can get when I don't stick to it like it's never fun to take a loss like that's like of course like you want every single one to be a winner. but I've also been in this situation before where my risk is hit and then I don't cut and I keep holding and then the position gets really blown out. So I took about a 40 50 hit on the position I mean that's why you have your training plan, your trading rules because if it kept going it could have been 75, 80, 90 99 loss.

Now knowing my luck, it'll revert tomorrow and it would be massively in the money and make huge, huge huge amounts for me. And that's obviously possible, but you can't think that way. All I can think is in the law of large numbers I Believe my trading strategy is good, so I need to stick to it. Whether it's taking profits or cutting a loser, that's just it is what it is.

So um, I ended up getting out, my risk was hit and my risk as explained this morning was Friday's High We pushed above Thursday's high and things got a bit bullish and then it just somehow slowly but surely grinded to the upside. Now on that breakout. a different methodology I have that is suggestive, suggestive of a continuation. So I did position myself in calls for Friday of this week I'm not like yoloing it for tomorrow or Wednesday or anything like that.

they are positioned for Friday of this week just so everyone knows. But I'll go over all that I'll go over my position I'll go over like what happened in the market today. The major news: we have crazy stories related to Gensler and ripple crazy stories related to China the overall economy and yelling and apparently she was getting high when she was there with the I guess the Chinese ambassadors or at least whoever represents them in these types of discussions. Uh, we have to talk about earnings.

We have to talk about seasonality. There's definitely a lot to go over. A lot A lot lot to go over. But overall, today a strange intraday trading session.

so I hope I can rip through everything quick enough just so we have a little bit of time for just in. like some basic charting of maybe looking at some important breakout slash breakdown levels. So definitely going to be looking at that with all of you before we get into it. If you guys want to help me out, destroy the like button really helps out.

the algorithm on YouTube really helps out with the battle leaderboard over there on Rumble So like And subscribe on both. Thank you thank you thank you. And also if you want to become a goonie, it is pinned to the top of chat. It's in the description of the video Maccoors.locals.com Become a goonie.

There's a free version, a premium version that's only ten dollars a month or a hundred dollars a year I Intentionally price it very, very cheaply in the hopes that more and more of you would join. So that's what I have for you right now in terms of I don't know, just the housekeeping stuff I guess in terms of other housekeeping stuff, I'm going to be streaming early tomorrow because it's retail sales coming out at 8 30 or I mean if enough of you want to show up, we could start early tomorrow. so I'll leave that up to you. Thumbs up! If you want to stream early tomorrow instead of starting at nine, we could start at 8 30.

thumbs down that you're just not going to be there until nine anyway. So let me know. I'm gonna generically judge it by the amount of Thumbs Up and thumbs Downs that I see. But uh, just wanted to get that out of the way just so I Don't forget and why is this not loading for me over on? Rumble Oh, it's because I did it wrong.

All right, we see a couple thumbs UPS over there, someone just driving. Probably not a safe thing to do Dakota Uh, let's let's be careful on the right the road there. Uh, early? early? Okay, all right. cool.

Well, with that in mind, let's rock the market. Pretty much ripped all day. We opened up. We ripped all the way till about noon, took a little bit of a lunchtime breather, and then ripped again Nvidia died I Was really excited I Thought we were going to break down to 52.

Nope. Hardcore recovery. Dollar just continued to bleed all day. all day.

all day. dollar bleeding, bleeding, bleeding. There is an interesting trend line that it's coming up to right now. You can see it on the 15-minute chart.

It kind of started at the recent low on Thursday July 13th. So I'm watching that if it ends up cratering below this I mean this Market could rip up to 460. I mean it's I Don't know the likelihood of it because the Dollar's been getting demolished, but anytime it gets a little bit of a pop, it just keeps getting smashed over like one little pop smashed destroyed just Hulk smash over and over and over again even Tesla making a full recovery essentially throughout the day ending the day up 2.8 Nvidia crazy recovery Netflix holding its gain of 1.8 you have apple going up 1.82 almost at an all-time high of 194 48. overall the Bulls won the day.

That is like it was a weird day because it wasn't High volatility. it wasn't high volume but all day like slowly but surely just was grinding up grinding up grinding up. Now obviously I got my ass handed to me. In terms of my account, the whole account value got like hit by probably 50 like it was absolutely brutal for me just because I was waiting for my risk and I like my trading plan.

but my sizing in my trading plan was not appropriate I simply bet too much on the play. so uh, my risk level as in when to cut I stuck to it. but in terms of my bet sizing I I was probably four or five x bigger than I should have been if we're all being honest with you with each other and that was a little bit of Revenge trading trying to make some money back from Friday Like my mentality of the day, it just uh. my last two training days in all reality have been really, really poor.

so it started on Friday I knew I felt weird Friday lost money on Friday than today. uh, the position that I created Friday So basically I was trying to like save a position I made when I wasn't in the right mindset and then I ended up doubling down to like average it down. but really the sizing was double what it should have been. So it was actually quadruple down and then my risk was finally hit and I was like oh, I gotta cut it and that's what happens.

That's what happens. That's exactly what happens when you just are not disciplined. Sometimes you make an undisciplined trade and you get lucky and you end up making money or you don't lose that much money. And in all reality, that is like a horrible, horrible way for it to play out because in the future again, it kind of almost makes you feel like you could take the leeway and break your rules again.

But I'm telling you this: I Promise you this, if you break your rules 99 times you might be safe. You might be safe and it might somehow making money. If you get lucky, it might not hurt your account that much. but that one time out of a hundred when you break your rules, you're not going to be able to come back from it.

You know you could risk blowing up your account. You're going to erase all the gains you got lucky with on the previous 99. This is just a brutal, brutal, brutal, lesson of training if you continue to break your rules and not respect your risk the way I did today and Friday It's a matter of time before things go completely blown up. so please keep that in mind.

Let my recent Misfortune be a lesson to all of you and hopefully there's better trading days ahead. So just wanted to share that with everyone because I think the best way to do this is just be as transparent as I possibly can. But let's turn it over to like what actually went down in the market today. Stock futures are little change to start the week.

Well no, they're pretty much green now. We just made a fresh High stocks climb to start the week as Traders await key earnings reports namely in the world of banks. So starting tomorrow before the Market opens, Bank of America Charles Schwab Morgan Stanley Lockheed Martin PNC Bny Mellon after the market closes interactive brokers and then when we get to Wednesday we have Goldman Sachs we have Tesla we have Netflix We have United, we have IBM on Thursday we have Tsmc we have American Airlines Johnson and Johnson. We also have Capital One and then on Friday we have American Express SLB If you're in the oil world and I'm discovered but there was another airline it was American is Unite okay American and United Wednesday and Thursday United is first, then Thursday is American Airlines That's what I was looking for.

But yeah, this is the second week of earnings. Seasons so looks like things are going to get. they should be fun. I mean we're already seeing a lot of wildness in the market and once again, we are sitting seeing Bears get their face completely completely ripped off.

Yellen says China slow down Rick's spillovers but no U.S Recession Now at first this I might sound absolutely phenomenal to you. You're like great. That's good news, that's bullish news. No one wants a recession.

and if you don't know what the China slowdown is, that was a reference to information that came out late last night. Wall Street Cuts China Growth forecast as economy disappoints. China's disappointing economic growth figures prompted several economists to downgrade their forecast for the year, citing major weakness in the recovery and Beijing's relatively muted stimulus response. So that came out basically in terms of their year-over-year GDP for Q2 coming in less than expected.

In fact, I think I had the exact numbers. where were they were where they were there? I could get you the exact numbers they were ex. it was off by like a percentage point I Want to say when we were covering it early this morning I forget the exact numbers. but like um Seven Rings the growth of five percent and it came in at 6.3 Uh, maybe they were expecting a bit higher than it.

So basically slowing down and even an acknowledgment of that. You know it's like, well, hang on, it's not good, but but there might be a way where we kind of get out of this relatively unscathed Treasury Secretary. Jenny Ellen Said China's economic slowdown risks causing Ripple effects across the global economy. Though she doesn't expect a recession in the US Many countries do depend on strong Chinese growth to promote growth in their own economies.

particularly countries in Asia and slow growth in China can have some negative spillovers for the US After a raft of Chinese economic damage came out weaker than expected. People got a little bit worried in the U.S Growth has slowed, but our labor market continues to be quite strong. I Don't expect a recession. The economy is on a good path.

Quote unquote to bring inflation down without a major weakening in the labor market. So a lot of these people who are assuming seemingly a bit more optimistic, are basically saying, hey, we don't see a recession simply because the labor market is too strong. More specifically, this is what Yellen had to say. But before we get into her exact words, her exact words, please understand you're listening to someone who gets likes to get high on the job Treasury Secretary Janet Yellen Reportedly ate hallucinogenic mushrooms at restaurant during China visit.

Folks, this is not the onion. This is not some sort of satirical article. This isn't an article written weeks, months or years ago. This was published two hours ago.

and she is the Treasury Secretary, so maybe we should take that in consideration when we listen to her speak about the economy. Yesterday when you were speaking to reporters, you talked about this de-escalation with China and you ruled out lifting tariffs as part of this de-escalation with Beijing. So what is on the table? So um, you know several years have gone by in which we've had covered lockdowns especially in China and very limited contact between senior officials in the United, States and China and we now have a new economic team in China that we need to establish relationships with. We need to get our relationship back in a more stable place, put a floor under it, and try to promote better understanding between our countries.

So I Recently made a trip, met with a number of senior Chinese officials, including the new economic team there. We had very candid discussions. Each side raised a series of concerns Chinese certainly mentioned their concern with the tariffs that we have in place, but we had constructive conversations, deepened our understanding and of the economic situation and of our concerns, were able to address them and agree that there are a broad range of global challenges, particularly debt and climate change that affect the entire global economy that we need to work on jointly, and I'm hopeful will I will be able to do that more successfully on tariffs. You know we put tariffs.

in place on China because we had underlying concerns about unfair Trade Practices particularly those affecting intellectual property and Technology transfer and those concerns really have not been addressed. We're undergoing a four-year required review of tariffs and of course China also retaliated putting tariffs in place on us. We have to see what comes out of the four-year review, but I would emphasize that Really, the underlying concerns we have have not yet been addressed and we need to work on that going forward now. I Know what you're thinking I know you're thinking: how could someone that's so Gremlin like aesthetically Gollum like aesthetically be so incredibly boring, especially when you know that they're just ripping drugs on The Daily And honestly, I think it's even more than the daily because you're doing it with Chinese dignitaries when you're attempting to figure out massive global economic deals.

Treasury Secretary Yellen ripping some hallucinogenic mushrooms Honestly I Thought we'd get a little something a little bit more exciting out of her I I Suppose not. Maybe maybe they already wore off, or maybe they didn't open up her third eye as much as people would have you believe. But anyway, that's what's going on with China That's what's going on with Yellen right now. Uh, nothing too new there.

just like a lot of like a lot of words that you end up saying nothing type of a deal. Major news of the day comes to us by way of our favorite elected official. Karen I'm talking about Elizabeth Warren Senator Elizabeth Warren requests SEC investigation into Elon Musk's Tesla over Twitter Ties alleging misappropriating assets and conflicts of interest. You heard that right.

Elizabeth Warren is officially coming after Mr Elon Musk This is what she ended up writing to the chairman of the SEC Gary Gensler I'm running to request an investigation into Tesla and the company's U.S Securities Exchange Commission disclosures regarding the action of its board of directors it's managing the apparent conflicts of its CEO Mr Elon Musk's elon's actions since purchasing Twitter and becoming the CEO while remaining Tesla CEO have raised concerns about conflicts of interest, misappropriation of corporate assets, and other negative impacts to Tesla's shareholders. Now this thing goes on and on and on. In fact, fact, it was nine pages long. That's how Karen she went.

That's how much I want to speak to the manager she went Nine Pages later she said, uh, uh, I don't like it I'm gonna make a big stink of this situation Elizabeth Warren urges Sec to investigate Tesla over Twitter Ties and corporate governance Senator Elizabeth Warren is urging the U.S Sec to investigate Tesla and its board of directors over possible conflicts of interest, misappropriation of corporate assets, and other negative impacts to Tesla shareholder related to CEO Elon Musk's Twitter takeover Senator Warren Wrote that Tesla's board apparent lack of independence from Us, combined with inaction and incomplete disclosures raised questions about the possible violations of Securities Law and exchange rule which fall under Sec's jurisdiction. Now there is one more thing I Want to share with you just kind of going on in the world of social media AI Government Tech and all that. But before we get to it, please let me know. What do you think about this.

Do you think Elizabeth Warren is being a full-on Karen Or do you think she has a valid argument And maybe Tesla shareholders were negatively impacted by the whole Twitter deal? Obviously, let me know, but I also want to know Do you know that on the exact same day we got an update, but this time related to Zuckerberg Meta and also threads U.S Lawmakers extend social media investigation to Meta's threads house. Judiciary Chair asked Meta CEO Mark Zuckerberg to hand over documents about content moderation on threads as part of the panel's ongoing investigation of Tech Platforms policies and contact with the Biden. Administration. The notice comes as the Biden Administration grapples with a court case about its ability to communicate with tech platforms about potentially harmful information on their services.

Now, obviously we can't live in an anarchy-based World There has to be some sort of rules in both of these independent stories, but I still find it a little bit humorous that people who probably need help opening a PDF are literally legislating how Tech and social media should be working. It's almost as if we're picking the worst people in the country who know nothing about tech to be making the rules for Tech and I just don't see a situation in which that could possibly be ending well. But anyway, that's just my opinion. Would love to get your thoughts in a comment below onward and upward.

Speaking of Gary Gensler you might know that for months now he's been in hot water. At first it was just the retail community that didn't like them, and then all of a sudden it started to grow to the crypto community and that probably happened roughly the same time, but then from there I got into the Wall Street the professional crypto Community because of how he chose to handle everything seemingly as poor as he possibly can. If you haven't been paying attention lately, Ripple Kind of won a case. also half lost the case, but the fact that they even half won, it was a pretty big deal.

Well, luckily for us, Mr Gary Gensler The chairman of the SEC just responded to the whole Ripple case and the fact that the SEC kind of lost and I think you're going to enjoy his comments on it. Court Ruling last week in the Ripple case impact your stance toward digital Asset regulation. Does it inject urgency into the need for federal legislation to clarify a regulatory in oversight of this industry? Um, look, our mission is remains exactly what I Spoke about earlier about investor Protection promoting Capital formation and the markets in the middle. It's a recent decision just a handful of days ago.

We're uh, pleased from that decision and recognizing, uh, the importance of protecting investors on the institutional investors. uh, in that uh, and that the court uh, um, uh movement with regard to um Fair notice and while disappointed on what they said about retail investors, we're still looking at it and and assessing that opinion. Well, you heard it here. First, they're still looking at it and they're still assessing it.

But obviously he's a little bit upset that he was publicly embarrassed as I think any of us would be. So it's just kind of, you know, in his world I Guess when it rains, it pours, you pretty much have the world looking at you not liking what you're doing. and then it's no surprise that you're handed some pretty public losses. I'm excited to see how this one plays out I just for him and his career at this point.

and just all the negative press and like the actual quantifiable losses I Just I Simply don't see how it ends well for him. Obviously he was doing all this because he had political aspirations. The biggest assumption was that he was trying to kind of hitch his political wagon to Elizabeth Warren If she was able to run for president, maybe he would go on her take it as a treasury secretary. but I I Honestly for either of them I Don't see it going too well right now, but obviously let me know your thoughts.

and why is this not getting smaller? moving onward and upward. Today we got the Empire State manufacturing survey. Nothing, nothing too special. Tomorrow an hour before the Market opens, we get the retail sales report.

Uh, seems like some of you are interested in it so we will stream early tomorrow that comes out an hour before the Market opens and then for the rest of the week. nothing too crazy. The real crazy thing is all the earnings Feel free to screenshot this Feel free to go to at e-whispers on Twitter Great account that always gives you this type of information. Very very useful.

Tomorrow the main watch is going to be Bank of America If I had to guess right now I think they're going to be because JP Morgan beat City beat and Wells Fargo B and XLF the financial sector has been very very very strong. I Do want you to know that tomorrow even though we're getting some earnings uh, the Bulls have only won this day 40 of the time. so two out of five times the profit factor is 0.43 as in every dollar spent has only returned 43 cents. If you are in the bullish rank action as in the Bears have statistically won this day.

Now is that a guarantee? Absolutely not. I Just want you to know about the seasonality of Tuesday July 18th just in case that's the kind of Trader you are now I Do post all this seasonality on The Goonies Community Matt Cores.locals.com pinned to the top of chat in the description of the video. So if you want that and also some of my trades and some other people's trades and just overall good conversation, check it out Matcoors.locals.com In fact, that's where I posted that. hey, my wrist got hit I need to get out of my puts and I ended up switching over to some calls with a much smaller position to see how things end up playing out tomorrow.

and really for the end of the week because I have SPX calls for this Friday So I'm going to see if this overall trend does continue which hey, I mean it's strong. So basically I got in on Friday and this morning I was feeling a little bit overconfident because in the Futures Market remember trades 23 hours out of the day, we actually actually punctured the low of Friday and I was like oh, this is going to be a peak formation. So before we got this late day push, understand what I was seeing. this middle bar had a higher high and a higher low.

so that was a peak and I was like okay this might be the start of the sell-off, but if you look at the SPX and spy tells a little bit of a different story and that's because of the different trading times. But anyway, spy push broke above the high if you look at SPX push broke above the high. Pretty freaking evident. Very, very evident that this bullish trend is wanting to continue obviously.

I wish I had my calls from Friday I wish I never got into Puts and then I wish I got into Puts earlier today even if I got out of well I think I made some I wish I got into calls earlier today even if I got out of my calls on Friday it's just I've been chasing way too much lately and it's just anytime I see my account go down I get this need I'm like right away you got to get that trade back and then that gets me into positions that I definitely should not be in. So right now I have calls and I think mentally it's time for me to take a bit of a reset because like I said, I've given back about half of the recent run up a little bit under half. So I'm still up overall on the recent run because like the the first couple trades were awesome. Uh, but just doing dumb things between Friday and today, just dumb things.

not trading with the trend. not really admitting when I'm wrong even though that was more. Friday Today I was able to admit when I was wrong, but the position was already too bad that the loss was sizable. so I figured Okay, here's what I need to do.

You obviously size it down. just start handling it with a relative like on a relative basis to your account. something reasonable and also that makes it better so you can stick your actual trading plan. So that's what I'm doing right now.

Not really a prediction on earnings or announcements or macroeconomic events or anything like that for me. I'm just trying to read price action and I think wow, the high is higher, the low is higher. the trend still seems to be the upside. Is that a guarantee for tomorrow ripping? I No, it's not I hope it rips tomorrow now.

I have calls, but that's no guarantee. I'll just be sitting back and enjoying it and then obviously my risk will be closer to about 4500 and 5. But obviously there's going to be a lot of action for the remainder of the week to see how this all ends up playing out. So here's a look at the Spy Today we were able to puncture the high of the previous day.

Once again, we are continuing with this path of higher highs, higher lows. Things are currently looking strong if we look at the Q Same situation if we look at Apple Very, very close to its all-time high of 194.48 Honestly, I mean this was a nice entry back on Wednesday. Since then, it had two days of consolidation. Big Pop If you look at coin even though it ripped, we're now consolidating.

Today's bar was an inside day as in the high and the low. we're within the high and the low of the previous day, so no evident Trend Let me just delete these alerts because I no longer need them. I'm just going down my watch list here. Microsoft This is a before when I was talking about kind of a peak right here.

see how this middle bar the high and the low are above the high and the low of the bar on the left and on the right. So I would consider this to be a bit of a weaker setup. A bit of a bearish setup, but I also want to point out to you how it pushed down so much this morning and then made a pretty strong recovery. when you see something like that, that tells you that the market was kind of out of balance to the downside.

and the Bulls liked it and that's why they were able to push it up so much. There is a weird name like Dragonfly Shooting Star I Don't know, there's always weird names for candles, but just think about what it means psychologically when something gets pushed down so much and then that same session is bought all the way back up, it tells you that it was like somewhat of a fictitious downside movement. if we look at Netflix Honestly I mean this is a beauty. It looks like it wants to push I have some resistance at 458 but I think this thing could keep going Nvidia Continuing its strength, same thing as Microsoft they pushed it down this morning.

it did pop back. in fact, relative to where it opened, it's now even green. But overall, the daily chart is still an inside bar. the high and the low within.

the high and the low of Friday if you look at Tesla started off really strong, got a little smack this morning and now popping once again if you zoom out, we're actually at like a long term trend line, so it'll be interesting to see how it reacts to that, especially with earnings this. Wednesday So definitely paying attention there. Rum chilling at 8 30. hopefully it takes support at 8 20 here.

Carvana another inside day, so just not much of a trend. You have to just be patient on that one. Bitcoin breaking 30 000 at 29.8 right now xrp at 73 cents and then eth popped all the way up to 2025. but coming down to 1886 for right now we are a couple minutes away from the Bell actually going dingety ding ding ding.

We got this big push that knocked me out of my position right here at 3 15. just broke above Friday's High Doesn't look like we're going to be closing there unless the last minute of the day is absolutely insane. Also, just want to point out how the dollar is bouncing off of the trend line. Remember, the dollar in the market do move inversely so it's actually getting kind of notably smacked right now.

Man, if I waited a little bit I probably would have saved myself like ten thousand dollars, maybe even more. That's a huge bummer, but you can't think of it like that because on the flip side, what if it broke out here and just kept ripping then I would have been yelling at myself like why didn't you just get out when it broke out like you can't That whole thing of when your risk is hit. It's so mentally brutal to see it come right back down where you could have got out for like, break, even or less of a loss or sometimes even in profit. But I'm telling you, don't think that way because for the times that that happens, there's the other times where if you don't get out right away and it just keeps going and going and going, that's how you're now risking blowing up your account.

So it's a part of trading. Sometimes you're just gonna get a bad beat. It happens. That's just.

that's part of what goes on here. and I think the sooner we all just kind of accept that it's going to be part of the game, the better off you are. Um, all right, where the bell's about to ring? Are any questions? comments, concerns Before we wrap it up for the day, we will be posting content this evening. Uh, we have a video or two for you just so you know at 4 pm as in in a couple minutes the new interview is being dropped and uh I actually was able to um I ended up interviewing a market maker.

So I think you guys are really, really really going to enjoy that one. It actually should be live right now that it's 4 P.M let me double check for you I'll double check it should be on YouTube and on Rumble YouTube and Rumble uh. video. it is not there.

Why is it not there? Uh, chaos. Why is it not live? Are you in here? It should have dropped at 4 pm. but I am not saying it and I don't know if I could switch off of this is did it drop on Rumble Content: Uh uh. no.

Scheduled it should be dropping right now. Hang on. It's scheduled for the wrong time schedule. Edit: Let me drop it.

Posting: Uh. Published now. All right. Just published it.

It is live on Rumble and let me figure out how to publish it on. Let me see if I could do it for my phone for all of you. Hang on one second. Hang on.

Hang on. Hang on. Hold on everyone. Hold your freaking horses.

No horses running about I Will publish it right now. All right. I Think it just got published should be up there now and it is not what is going on. Why is this not working today? Did you? Are you guys getting the alerts or anything? Because like I think YouTube's having some problems I was able to fix it.

Easy peasy lemon squeeze these over on Rumble Are they kidding? Why can I not get this video but it shows it here so it is live somewhere but then it's not here I Just saw the video. it's right there. it's I'm looking at it. the interview.

you're whatever. I'll just give it to you guys because it's not showing up on the channel. Um, it is on Rumble it is on YouTube it's in both places it is officially live. It's a interview with a market maker I Think you guys are going to be really, really interested in it if you haven't already become a goonie Matt Cores.locals.com We'll be posting some extra content later on this evening and then streaming tomorrow morning around 8, 20, 8, 25.

That's what I have for you today. I'll catch you later I Appreciate all the Good Vibes Peace out Foreign.