Foreign. Thank you Oh brother oh brother oh brother Good morning, good morning, good morning. TGIF is all this audio coming through? A-Okay I Think we are looking good over there I Think we are looking good over there. Good morning, good morning, good morning happy Friday I Hope you had a good week and I hope you're ready to put a little bow on the end of this particular week.

The market was looking pretty good this morning and now it's like I'm pretty freaking crappy so we're going to be talking about that. but oddly enough, today, it feels like more of the updates are for individual equities. So I want to talk about what's going on in the world of arm. The recent IPO started trading yesterday looking pretty good in pre-market itself.

and then we have some other things we have a little bit of movement on. Disney You know how like once in a while I've just been saying hey, seemingly reasonable risk to reward right now? Well, there is an offer to buy part of Disney so we're going to be going into that. Uh, I don't know how many of you follow the whole Phase Clan in the game gaming sphere, but anyway, they're training on the public market and the CEO is now basically forced to step down. And then another thing related to that, we can talk about seasonality.

We could talk about Zero Dtes. We have a lot to talk about. A lot A lot a lot to talk about. But before we get into it, I Hope you're having a good one.

I Hope you're ready to crush it on this particular Friday I Hope you are have nothing but plans to celebrate your successful week at a Texas Roadhouse this weekend I Hope you're crushing it I Hope you're crushing it I Hope you're crushing it before we get into all that. If you haven't already, check out TOP Step Prop Trading It is pinned to the top of chat it is in the description of the video I Really like to think it's the nice in between trading on a paper count and then trading with your own money. So if you don't know what a prop account is, basically if you pass their challenge, their combine their examination then from there you get funded with their money to continue trading. So that's why I Think it's a nice in between if you're listening to this right now at a minimum I Think it's worthwhile for you guys to check it out.

look at the link I've been trading on it myself when I'm using the Ninja Trading account. That's all the prop stuff so it's fun. It's high flying or I guess maybe that's not the good aspect of it. Maybe I may get high-flying and maybe that's a negative thing.

but anyway, uh, if you're listening to this right now and you're like okay I like this. like active degenerate type trading. especially if you want to learn a little bit more about the world of Futures uh I Have no complaints about them thus far as I'm trying to pass the challenge myself. so hey, hope you're crushing it.

Happy Quadruple Witching Day is that it's not quadruple witching. June July August September's oh, it is quadruple witching? Never mind. I Thought it was Triple Witching. It is Quadruple witching.

Happy Quadruple Witching. Quadruple Witching happens four times a year. I Thought today was Triple witching. Uh, but the difference between double wishing, triple witching and quadruple witching is the amount of basically contracts types of derivative contracts that are expiring today.

Two Futures Two equities? Uh, well, in the world of options. But anyway, what you need to know about quadruple witching is the fact that it's more volatility. Statistically, there's no bias towards the upside or towards the downtime. Statistically, the only relevant thing you could say about quadruple witching is that in fact, there is a lot of volatility.

and the reason there's a lot of volatility is because there's a lot of derivative contracts expiring today. So people in those contracts need to make decisions. Are they going to roll to the next one? Are they rolling up? Are they rolling down? Are they keeping the position on? Are they taking it completely up? Basically, it represents a large movement of money. So you have Futures contracts expiring today.

Indices: You have options. There's four major types going down today. in fact: I Actually think I know the best way to explain quadruple witching to all of you. Um, I thought it was Triple witching today, which they obviously happen more, but there's four quadruple witchings a year? Coors Uh, Quadruple witching? All right.

All right. All right. Well, here's what you really need to know: Uh I Found this guy uh, on YouTube a while ago. He's not the most known guy, but he did do a good job at explaining quadruple witching.

So I figure we'll just tune into this to get everyone prepped for the day. Hey everyone, I'm Matt and I'm coming at you through the interwebs. He's a little bit nerdy. Quadruple Witching ooh I Know it's a pretty weird sounding Financial term, but knowing what it is and its implications will help you be better prepared for some surprising Market moves.

Quadruple witching hit stock market, sparking bursts of trading. Here's what happens when you just learned how to speak the start of a rocky stretch for U.S stocks. So the question is, what are there? If you're anything of me, hearing the term quadruple witching might make you win beards, These four chicks have to do with this. Best edit I've ever done in my life The bearer of bad news, but the answer is apparently nothing.

This happens once every quarter and specifically takes place on the third Friday of every same bags under the Iso. Remember, that's never changed. Okay, Matt why should I give a hoot? You should be aware of quadruple witching because these days are commonly associated with higher volume and higher volatility, especially in the last trading hour of the day. That's where a lot of the funny business happens.

You see many Traders both institutional and Retail are being forced to make a multitude of decisions. Positions have to be closed, new ones have to be open. Contracts have to be rolled over. All this action creates an environment where large price swings are likely pictured.

The last few rounds of musical chairs. I Don't think I need to remind you, but things can get a little dicey now. Higher volume and volatility doesn't technically mean anything directly. I Have found no evidence or research that suggests quadruple witching is associated with down days, updates, rehearsals, or anything like that typically just means you should expect more drastic price swings.

It is possible for just some of these contract expirations to coincide. They are aptly named triple Witching and Double Witching. Since less Traders are being forced to make decisions, the volume and volatility spike is less. Got to be professional.

As you've probably already pieced together, quadruple witching can foster a unique opportunity. I'm going to copyright strike my own channel depending on what you're watching my own Those returns positive or negative. Definitely approach these events with caution. I Wanted to quickly mention that there are some traders who look to take advantage of possible Arbitrage opportunities as the bigger fish institutions look to roll their positions into the next contract.

These large block trades can create temporary price distortions, which can be traded until equilibrium is met. There really isn't much more to quadruple witching. You shouldn't be anxious when one comes around. Rather, you should understand what's happening and when they take place so you're not caught off guard by abnormal price swings.

Thanks for Matt You look like a dude who got stuck transitioning into a werewolf. It's oddly hurtful. Anyway, this ending right here is the best. Thanks for watching.

If you enjoyed the video, let me know by hitting the like button. if you didn't enjoy the video. I'm surprised you made it this far, but you should still let me know by hitting the like button. If you enjoy this type of content, subscribe to the channel.

I Put out new videos every week. Best of luck in the markets. And watch out for those witches. That's so stupid.

Watch out for those witches. Uh, we're crushing it. Yes, it is a quadruple witching day. Um, you have stock options expiring.

Uh, well. index options? You have index. Futures There's four major contracts, all expiring today. There's no bullish bias.

There's no bearish bias associated with it. There's just higher volatility, so, like we're most likely prep up for some crazy movement. Today is the best way to put it. But remember.

Goonies Never Say die I Think a lot of you guys are thinking to yourself, man, that shirt should die But if you're thinking that if you're saying that, obviously you're not a goonie because as soon as you make a video like that, that basically the shirt becomes a symbol upon itself. You never get rid of it. You know what, as a little bit of a dedication for the content creator I used to be back in the day I I Think We I think we should just wear this shirt the entire stream. Just a little bit of a throwback I Don't think I'm going to be able to speak like that the entire stream because since then you know that was obviously like a couple days into ever learning how to form sentences.

Um, so maybe we'll just switch things up a little bit and actually talk properly. But anyway, uh so expect volatility in the market. Obviously, we should be expecting volatility in the market today as that video fully explained to us but arm just IPO it actually looking pretty good in pre-market up an additional 3.5 percent AMC not looking so good I did cover this in the update video yesterday AMC At first was up 8.59 in pre-market trading on the announcement that the dilution was complete, raising about 352 million dollars. I Want to say arguably not the best situation because it caused a billion dollar hit to the stock and the money that they raised doesn't even pay their interest payment on their debt for one year if you want more details on that.

It is in the update video from yesterday, so make sure to check that out. but we could. It's painful. It's absolutely painful on that note.

unfortunately. I'm busy this weekend, but next weekend I Fully plan on seeing that Dumb Money movie all About Roaring Kitty and GameStop and Gay Pluck in Melvin Capital Ken Griffin Uh, very excited to I I think the movie is going to be awesome, so I'm excited to see that. Unfortunately I won't be able to see it this weekend, but have all the plans in the world to see it next weekend. Stock futures higher Friday Morning following Big Rally.

Uh well, not really. That's an awkward headline because I they should update that because I you know, call me crazy, but it's pretty easy to tell if something's up or down based on if the numbers red or green. Now obviously if you have red green color blindness. I I feel for you? Uh, but I'm gonna let you in on the secret today.

Uh, that it's red and usually that means down. So I think the intern working at CNBC stock features it. Just one word. You know what? Actually I can here I am complaining when I have the tools to fix this myself.

Let's go in here. Futures Boom. All right. Stock futures kind of lower Friday Morning following Big Rally folks I Just want you to know everything you ever see or hear or consume from the Internet is accurate.

Just like that. We we just we changed the internet for everyone we are successfully in the Mainframe This is some iRobot level stuff, but yes, stock futures kind of kind of lower. Friday morning following a big rally. It works right there.

Bada bing Bada Boom CNBC Feel free to send me my paycheck. um I'll you could pay me in Dogecoin if you so choose. Now in terms of macroeconomic events today, announcements, reports things of that line nature things within that line. nothing's going down you could see yesterday was Thursday September 14th today is Friday September 15th.

that's if you believe in the Gregorian oh Mr Robot sorry I was just watching iRobot I don't know why but I was like kind of boycotting Will Smith for a bit there. Uh, just because he seems like a crazy person and then I actually watched the King Richard movie about Venus and Serena Williams So whatever reason now I'm being recommended a lot of Will Smith movies. so I ended up re-watching iRobot and I'm going to say it, it stands the test of time. It really really does.

But yes, I meant Mr Robot So anyway, uh, my apologies on that. but anyway, no macro economic reports today. but it is quadruple witching so I would fully expect more volatility fed seen signaling one more hike after pushing out 2024 rate. Cuts So this is now becoming more probable that not in the September meeting as in September 20th, but on the Wednesday November 1st meeting As in two meetings from now, we're probably going to get one more rate hike.

This week, we had some CPI reports, PPI reports and retail sales. If you don't know what those are specifically, all you need to know is their kind of measures of inflation. and they came in a little hot as inflation is still higher than we anticipated, which obviously we don't want that. but it's coming in in terms of these singular readings.

uh, a little bit higher. Like as in we're not trending in the right direction. So for this time around, there's a 97 chance on Wednesday September 20th no rate hike. But when you fast forward to November 1st, all of a sudden, the odds are getting closer to 50 50.

So as of now, at least as of this morning, there's about a 35 36 chance of some sort of rate hike in November Now I wouldn't be using these odds as like the end-all be-all at this moment in time because between now and then we have more CPI we have more PPI We have more retail sales, we have more Pce, we have more, a lot of movement. We have the entire month of October of reports. So uh, my point in bringing this up is just more so this: September These odds are pretty much locked in the September odds are pretty much locked in the November one. I'm still expecting quite a bit of movement, so we're going to come back to that when appropriate.

One thing that's not helping the inflation situation is the fact that oil just hit its highest level of the year and some analysts expect to return to 100 before 2024.. now I'm by no means an analyst, but I just want to call out how I've been calling this out for a while just because I mean I I Think it's very basic supply and demand of what's going on here and then especially which when you consider what's going on with the Biden Administration and the fact that we're not refilling our strategic petroleum Reserve This is going to cost a lot of money because eventually the United States will be forced to refill its strategic petroleum reserve and obviously OPEC and their allies. They know that, so if they could jack it up, we're almost getting forced to buy it at a super high price because for whatever reason, the administration didn't want to buy it. but when it was below 70.

But anyway, oil is ripping right now. oil was above 90. uh, actually got all the way up to 91 earlier today. I'm looking for this test right here of the mid 93s we saw a spike in October We saw a spike in November About a year ago.

a little less than a year ago, cup handle popped to the upside I'm looking for that test next if it breaks above I'm looking for the high 90. these if it gets rejected. maybe a bit of a reversion back to the lower 80s. So oils ripping if you're not playing oil directly.

obviously there's other oil energy related stocks you have Exxon XOM you have Chevron CVX You have Occidental oxy. This one is getting a lot of recognition right now just because Warren Buffett owns what over 20 percent of it and he just keeps putting billions and billions and billions of dollars into the company. and obviously he is looking pretty good at this moment in time so just want to keep you a little bit of prize to this situation. What's going on in the market of Black Gold Breaking New Zelinski, the President of the Ukraine to visit Washington next week as Congress is debating 21 billion dollars in new aid for Ukraine Does anyone actually support this? Maybe I'm a little bit jaded here, but when I see stories of homelessness and Veterans and the lack of security with Social Security and just generic problems here that I mean even take Hawaii For instance, that whole thing could be resolved with estimated to be around 6 billion dollars.

We've already sent over 100 150 billion to Ukraine in various Avenues and now we're looking to increase that by another 15 another 21 billion. Like is it like, does anyone think this is the appropriate use of money like in my mind I Think there's I Have moral issues with it because I see a lot of problems here, like our own education system uh, our own support for veterans. like. We have so many issues that 21 billion dollars I mean just talk about the kids going hungry in the US.

Do you know how far that could go for those kids? 21 billion it would solve it. It would be like okay, no one's ever going hungry, no children are going hungry again in the U.S like just just straight up and we could fix it right there. So and then even beyond that like the question is like where do we keep coming up with this money And really, you could argue that no matter what as a citizen in the US, our dollar is always being devalued and we're always being taxed in one way or another. So you could argue with Democrats in power.

it's just through taxes themselves. Like okay, cool. Raise taxes. Get more money, blah blah blah.

The other way you could do it is more of the Republican side of things is okay. we're not going to raise taxes, but if you print more money, you're obviously inherently being taxed by the like. Almost like deflation in your own local currency. So we have that too.

I Mean the dollars be that been devalued what? 90 95 in like the last 100 years? Honestly, the stats might even be more. but no matter what, our money is being devalued and we're ending up with I guess in magnitude more of it. But it doesn't really matter because even though you have more of it in the system, it's far less value than the percentage gain if that makes sense. So uh, even if you double the amount of something you have, but then it becomes worth a 4 worth of what it was, you're still at a net loss of the situation as many of you know.

I've been re-watching the amazing Show Psych Another show that very much stands the test. Well, actually no, they make some pretty insane jokes that you could not make now. But anyway, Psych is an amazing show I Think everyone should watch it I Enjoyed watching when I was growing up and now I'm re-watching it. But anyway, in Psych I Was just watching it last night and it was just like a little bit of how they went to a cafe.

They bought six chocolate chip muffins and two coffees and the bill was 14 dollars. like in the show she rung it up. She's like okay. six muffins, coffee, latte? that'll be like 14.50 My mind was blown you.

there's certain coffees and lattes you can go by right now from Starbucks that are 14 15. They got six muffins and two drinks for 14 bucks and I was just thinking this was back in what 2010 2012 A decade ago. Uh, crazy. absolutely crazy.

It's crazy to see what's going on where we choose to I guess like spend our money apparently we're the like the world's police and I I just I don't necessarily get it when like, shouldn't you get your own house in order a little bit like I I guess I just find it confusing United Auto Workers Go on strike after contract talks break down, do you? UAW The United Auto Workers began an unprecedented strike at all three of the Legacy Detroit car makers, kicking off a potentially costly and protracted Showdown over wages and job security. After the midnight deadline for a new contract passed, workers walked out a Ford plant in Michigan that makes Bronco SUVs GM Factory in Missouri that assembles the Colorado pickups and the Stalantis NV plant in Ohio that builds Jeep Wrangler SUVs The union and automakers are still far apart after weeks of talk, so we not only are we in IPO season right now, but we're also apparently in just worker versus company standoff season. So not long ago with teamsters and UPS currently right now with in the World of Hollywood both writers and actors two different strikes there. We have this strike now going on with car Makers.

There's a lot of unions and fights going on right now. The strategy is designed to methodically cut production of profitable Vehicles while minimizing the impact on UAW strike fund. The union said it will add strike locations depending on how bargaining progresses. Tonight, for the first time in our history, we will strike all three of the big three at once.

The strategy will keep the companies guessing it will give our national negotiators maximum leverage and flexibility in bargaining, and if we need to get all go all out, we will. Everything is on the table and this is some commentary about it this morning on the old: Squawk Box Hey Harry, has anybody called you and asked you to get involved because what you just laid out sounds like it makes an awful lot of sense. The idea that you think of 30 pay raise is fair because of what they've given up in the past and what they've lost because of inflation. But these other issues are the Legacy issues that would drag the companies down.

Is anybody called you from either side of the table on this? I've had a number of calls from folks involved in one way or another, but I'm not involved in any capacity I've got my hands full of my day job. Uh, but the uh, but I look I think I've done I don't know how many dozens and dozens of Labor negotiations over the years and I think Harry's really willing to think about things on a principal framework rather than just a quick bargaining. What's happened here? Sean Fain is totally outsmarted The Big Three Leadership In my opinion, he has had a deliberate, thoughtful strategy. He's done a great job marshaling his rhetoric and support even though he came through at a very narrow win in his election system with the Big three.

Really? I'm wearing a leather blouse seven eight percent? uh, over five years that doesn't match inflation pre-pandemic much less addressed for the issues so that was inflammatory. and I think frankly played into his hands a bit. Um, and can't blame him for that. He's trying to get the best deal for his people he can get, and so that's why we're here.

If they had started off in a much more meaningful sound Museum It preserves long-term competitiveness I Don't think we'd be in this place I Don't know if we'd avoid a strike because I think there's still a big gap. but I don't think we'd be in this place. and I'm worried that both side, you know on the one hand, um, the the leadership of the Big three has to be realistic on these issues. and on the other hand, Mr Feen can't overplay his hand.

Um, because that could lead to a really bad problem for both sides, but there is. speaking of that. Speaking of that, this is what: Sean Fain was telling the UAW last night. Well, I have that blast.

Becky Quick. we shop at the same place, the cause is righteous, the world is watching. Um, after you've now got these offers of about 20 percent sent for pay increases to be saying stuff like that. That's by the way.

What he said after GM raised it to 20 percent. Um, that's pretty fiery rhetoric. and I'm not sure the uawed out as a fair deal at 30 without all the other accoutrements that go along with their companies. have they both knocked them into a position where there's not going to be a win for either side.

There's that rescue if you look at Mr Payne's Facebook live. Uh, talk to the night before. he spent more time talking about you know, biblical language, literally coding scripture and talking about this being a you know kind of a right opportunity to restore the kingdom of God His word's not mine, that's you know, those are high, lofty goals and this is ultimately. it's a business deal between a management team and a labor team that both have to work together to succeed and it has to be done in a frankly, much more collaborative way.

And so you know this is the first time Mr fans negotiated a major deals ahead of the UAW Um, I think again. I Think he's done a masterful job frankly outsmarting the leadership of the big three. but he also has to create an off-ramp for a deal for both sides in order to actually succeed. The goal has to be not.

let's get the it has to be to get the best possible deal for UAW members. From his perspective, it can't be. Oh, I'm going to create a holy war in which there are no winners. So I thought that was actually a pretty interesting breakdown.

I Watched this whole thing when he was talking about it. um, like live. Uh, and this guy seemed to be really, really informed. Harry Wilson I believe is his name? Obviously he's had to, um, just deal with this type of stuff before.

So I thought it was interesting. Uh, definitely. If you're trading automakers, pay attention to this because obviously depending on how long the strike does or doesn't go, could have a clear impact on the underlying. Equity Arm jump six percent on its second trading day with the valuation topping 72 billion.

Not bad. When they were looking for 52 billion, you know, what's an extra 20 billion among friends. Arm Holdings jumped another six percent on Friday. In the US pre-market trade, Arm began trading on Tuesday with shares in its Blockbuster IPO price at 51 each, valuing the company at 54.5 billion.

A lot of focus this week has been on some of the risk around the company, including exposure to China and Rising competition from rival semiconductor architecture backed by some of Arms biggest customers. So arms in the world of semiconductors, which is a fancy schmancy way to say those processing chips think of video Intel Qualicom all that stuff you might not have heard of, Arm I covered it about a year ago when Arm was actually gonna, they were trying to buy it out I believe it was Nvidia and then regulator said no, this like violates Anti-Trust basically monopolistic laws in It's a UK company and they're like, okay, cool, we'll do it ourself then. So they are officially training live right now. Uh, we'll bring it up right here.

Here's a look at Arm. Not a bad deal. Closed out the day yesterday at 63 59. currently trading at 68.

so we could watch this throughout the day. Should be pretty volatile. Obviously it's its first full day of trading now since it's IPO It was trading about a decade ago and then it went private. Uh, and now obviously it is back on the Block SoftBank left Millions on the table to engineer a win for my Masa Yoshi son Masaya I always up his name Masa Yoshi-san if you're listening right now.

my deepest apologies, it's just we don't get these kind of names in Northeast PA where I grew up. We heard that Masayoshi song too. Yo, she nailed it. Did you guys hear? Did you guys hear me stumbling over it like an absolute dimwit and then it rolls off her tongue like it's nothing.

We heard that dude one more time just for the people who are not listening. It took me 18 years to say it and then she just it's so just so fluent. Just so she crushes it. We heard that I really promised the shares of the market at range he didn't want to risk a healthy debut.

Did that pay off? Oh yes, it seems like it's definitely paying off at least after the first day of trading. Um, and given Arm shares 25 jump I Think there is a good chance soft buying shares will climb today, bolstered by by Arms performance. and this would be of course, good for both Masasan and SoftBank because SoftBank continues to own about 90 percent of Arm and this 65 billion valuation kind of Falls right into the 60 billion to 70 billion range of valuation that they've been initially seeking. Um, and this valuation has been viewed as quite bullish.

So the fact that Arm actually made it to that range is worth noting. although of course we'll have to see if that that level of valuation can be maintained. Yeah, how important? She sounds so unimpressed that it gained an extra 20 billion. She's like, oh, definitely.

Arm is continues to be one of the most Um interested reporters After Arms RPO SoftBank has successfully raised almost 5 billion, which kind of adds to their growing cash pile. um of as a quick reminder, uh, soft face and um, spend money again. So the fact that Arm is doing very well kind of also helps add Credence to the view that soft time is kind of ready to spend more money on other assets, which is something worth very closely. Following the most uninterested report ever.

but hey, I'm not turning it just because I'm not particularly a fan of trading the volatility of IPOs but if you got in it I Wish you the best of luck if you're playing into the upside downside, whatever side you're playing it I Hope you are crushing it now we don't have the most time. so I'm going to come back to this right after market open. But a big update related to Disney Byron Allen makes 10 billion dollar bid for ABC other Disney networks, so we're going to be talking about that. I Also want to talk about the horrific downfall of FaZe Clan and then also a similar update of what's going on in the world of a company related to uh, K-pop it's a K-pop agency I Want you to know for today the seasonality those slightly favorables, but it's more neutral than anything else.

And if you're looking at the pre-market action, not much is really even going on this morning. Uh, just to take a step out. Not with respect to today, but just where we are in. September In general.

remember the first two thirds. The first three quarters of September generally favor the Bulls and then it's the final one third, the final one fourth that ends up favoring the Bears and later on if you guys want. We talked about cast media and kind of what Theo Von had to say about it. Well anyway, coffee Zill is now involved and he talked about the whole situation I haven't listened to it yet but I figured we could do a live react with everyone here and on that particular note, the casino is open.

Best of luck to all. play responsibly if not have fun. All right, All right so we have arm up here fresh IPO we can check out Disney because there is big news with Disney up about point six percent in pre-market Uh what? I'm looking for today is for obviously the first 5 10 15 minutes to play out before I do anything cool too crazy. But one thing I do want to I guess bring to everyone's attention is more so on this daily chart right here daily daily.

So this region right here kind of a not the most tested region. just one big wick up, one big wick down. So I'm looking for the battle here. I Think we're bullish above 449 I think we're pretty bearish below 446.50 so I'm watching that in the overall.

Market Obviously, just because you go above or below doesn't necessarily mean a confirmed breakout or breakdown You're Gonna Want to either close above or below or trade. Decent volume there. but right here, we're kind of in this untested region between 449 and 446.50 Now, it's not the classic untested region that we so much talk about in gaps, but this is the fact that there's no body here in terms of the body of these candles. big wick up from Wednesday big week down from Thursday I'm looking for the Bulls and the Bears to battle it out here.

Uh I Thought this breakout would lead to something nice, and it did. It was a test of 451 Swift rejection and a spike down. Obviously there is an upside Gap Filter 447.72 this morning. so if you are feeling a little bit bullish or if you look looking for that opportunity could be a good Target but obviously I would wait for Price action to really confirm that.

But once again, Upside: Gap fell to 447.72 We're actually gapping down below the upside Gap Well, there was a downside Gap Field of 447.71 when we started today, but we're gapping below that. Which now means we have the awkward upside Gap filter to 447.72 So this region right here marked out in the top left of your screen. That's what I'm personally going to be looking for if I find a good opportunity to really get in. So watching that obviously arm this is its first full day of trading.

not doing so bad at all. It's currently up five percent. A quick little look over here at my watch list on the right side I'm seeing a lot of red. Uh, Tesla is slightly green.

Netflix is finally green. That one's been getting demolished lately. The queues are currently vomiting. The Spy is not far behind, but a little bit of volatility if you're just tuning in right now.

First of all, Demerit, you're late for class. But I Do want you to know that today is a quadruple witching day. Which basically means four types of contracts are expiring quadruple. for there is such thing as double witching.

There is such thing as triple witching. Today is a quadruple-witching day. They're not necessarily bullish or bearish. historically, if anything, they just represent more volume, which commonly leads to more volatility.

So don't be surprised about some just craziness and volatility today. So that's definitely my base case Assumption of just expecting some moves without a doubt. Now, as we're waiting for things to play out the first 10, 20, 30 minutes of the day, what's on your mind? Uh, are you guys feeling bullish? Are you feeling embarrassed to have any particular questions you want me to get into? Uh, obviously as we're waiting for the market to open. I do have some other stories to cover related to: Disney An update actually from Tucker Carlson talking about the potential uh, new President of Argentina Uh, and actually that's kind of interesting I Want to get into the inflation there? Even though Argentina has horrific inflation, they're not even in the top three of well-known countries like I said we're going to talk about.

FaZe Clan We're going to talk about what's going on with this K-pop company and later on we could talk about the Cast Media. and Theo Von and I think Theo Von is a lot more intelligent than people give them credit for. and I think he surrounded himself by a very good team because when he decided to go public with what's happening with Cast Media, obviously that's going to have a clear material impact on the company that was acquiring Cast Media, which was about to make its IPO Or it did make its IPO So definitely surrounding himself by a smart Team All right, so what do we have AMC Getting wrecked. That's what happens when you have horrific amounts of debt and more importantly, high, high, high amounts of debt payment.

So the first thing they need to do from a fundamental perspective is increase their revenue so they can take care of the um. debt that has super high interest payments and particularly negative debt covenants associated with them. Isn't that a fun thing to say? Debt Covenant What's the debt? Covenant Like it sounds like it's I don't know. Feels like you're almost hunting vampires and like the Victorian age.

If it, when you're talking about debt covenants, it sounds like a vampire is going to catch some daddles. You know, sounds like a half ratted vampire is going to catch some daddles if you ask me. Pot stocks are fired up I Like your vernacular I Like your choice of words, there sounds like something from John Wick I Agree. Dude.

I'm right there with you. Sounds like someone's about to catch some. John Wick Daddles Uh, Rum keeps getting hit recently. Yeah, in the short term I'm not liking this movement at all.

I mean I'm in it myself. My average is around 9 50. but once again, it's not an active trade. It's not even a swing trade.

It's an investment for me. Rum: I Think Really, you're gonna see how good rum can get at the end of next calendar year, just because a lot of the popularity of Rum does relate to the political cycle. And obviously with next year being a presidential election cycle in the US I think Rum's really gonna pop off. I Wouldn't be surprised if you see its Revenue increase like multiple hundred percent by the end of next year.

Uh, per quarter. So that's what I'm looking for. It's not an active trade for me. It's not even a swing trade.

it's an investment I Like where it's going I Had one small purchase, one larger purchase and that was all last year. and other than that, I'm just sitting on it, sitting on it, sitting on it I don't actively. Trade It Uh, word of the day? let's see what. I have this app that tells me the current word of the day.

uh, procure to obtain a choir I think we all know that one, that one's not that special I like when they give us better ones. Uh, procure? wait. I don't know why procure would be word of the day I'm sorry if you come to me just to improve like your word, your Lexicon your word knowledge. uh, procure it I Don't think that's going to impress anyone in here.

Rum lock up period ends tomorrow. Oh, it does, Um well. Tech I Think it's technically a business closed today. Uh, so it'll be interesting to see if any of the Insiders are selling.

Uh I hope they don't I hope they stand behind their company. But folks. I'm telling you this very earnestly. I Have no idea.

The only thing I know about Rum is that the CEO Chris Pavlovski uh has basically stated that he's not going to. uh, obviously it's one thing to talk to talk. It's a very different thing to see who walks the walk. Uh, but I hope all of the big owners of Rum end up staying and actually we can see who those people are.

Whoa. Cap locks that's aggressive Fintel Rum We can see we can see we can see who these uh owners, owners, owners, owners all right. didn't exactly want that I wanted The Insider Nope. Overview chart: Where does it tell? I was on this the other day Filings, options, short interest Insiders Owners is it re under retail? Where's that table? I Really thought I Mean it makes the most sense that it would be literally right under owners right here.

Institutional ownership I Thought it shares. so Canter Fitzgerald is only 9 million. That was the SPAC the like the blank check company that brought it long. but so if these are the biggest ones, it actually shows you how a lot of Institutions are not involved with this.

So David Sacks has a million shares of it. Um but I mean I'm pretty sure Chris has like 141 million and on this one the next biggest one is 10 million. So he literally owns 14 times more. Then where are these? How do I find this? Is it An overview? Nope.

All right. Maybe I need to find this off screen so you guys can watch the market open. Owners read: is it under retail ownership? No, it's not under retail Insiders So this is Chris Pavlovski award. Yeah, he just keeps getting more shares.

I mean he owns a ton right here. All right. I will find it. but I was looking at it I mean we covered a video on it.

uh to see who owns what? and basically Chris is by far the largest shareholder. not even just single person, but like out of anyone. Uh, he has the most. I Know Dan Bongino's up there canner Fitzgerald owned some.

uh, obviously David Sacks own some. Uh, but it's it's. A lot of these original people are still in it, so hopefully they hold. hopefully hopefully hopefully they hold.

Howie Can we tell if Rum just isn't another right wing? Rift How can we tell? Uh, go on Rum I mean I Don't really view myself as a political person and uh, let's see there we are. Literally the home page of Rum right now is for a financial of a guy who is wearing a shirt to make fun of himself from three years ago. That's not really political I Mean it's just this: Dapper looking dude Goonies Never Say Die the MK show. Obviously there are politics in here, but they have power slab.

they have a skateboarding oops. I wanted to go over. they have, uh, obviously. UFC stuff Pine um podcasts Nitro cross dirt biking Sports viral moments Like there is political stuff but there's also political stuff on YouTube it's it's a video hosting platform and on top of that, they're building out obviously their own cloud which I think could be interesting? Um, it it's It's a new company and obviously not every new company survives and crushes it in the future.

But I've met the team and I think that they can be successful obviously I don't have a crystal ball I Can't guarantee you anything. All I can tell you is as a content creator I'm happy being on Rumble and I could also tell you as a content creator who's met the team, they seem like a pretty good crew of people. Very down to earth. They've been honest with me and my dealings with them.

Um, but I don't have a crystal ball. but I Also do have more so negative experiences with the system at play when you're on YouTube and it's just it's in no way viewer or content creator. Centric it's not on YouTube They care about YouTube and their own ideology and pushing an agenda that is supportive of them. They would like.

That's what YouTube wants. They're not necessarily there as an unbiased, neutral party, just trying to let people create and let people consume. YouTube is not that at all. Uh, it might have started out as that, but I I Don't think anyone could argue that they don't have their own.

Um, well, they are putting their own I Guess thoughts and opinions at the Forefront of YouTube They elevate certain voices and they Crush other voices I Have a friend that streams on other platforms and he won't take a spot on rum. Like why not? Yeah, I Don't really get that about rum because there's nothing lost. Like for example: I'm streaming right now and I'm multi-streaming I'm on Rumble I'm on YouTube and I'm on Twitter Um, why not multi-stream like I I Don't see like I Don't see the harm to anyone multi-streaming because it's already hard enough. It's difficult enough to quote unquote.

Break through and get to the next side of content where you develop some following. You never know when you're going to get your traction. so why not test multiple things and see if you get traction. on a platform that maybe you weren't thinking about? And honestly, um, just being in this business now for three years I could tell you one of the best ways to succeed in the world of content creation is what's referred to as the Blue Ocean strategy.

So that basically means you want to be doing something new and novel where there isn't competition because if people like what you're doing because it's new in novel and you're the only one doing it well, they're forced to come watch you. So if you look at some of my earliest videos on YouTube I Remember at the time I was thinking to myself like, wait, these are good videos. How are people like not enjoying them? How are they not watching? How am I not getting views? How am I not getting subscribers And in retrospect, I Think people having a tough time admitting that maybe their content isn't that good. So even in the moment I thought my content was good.

but literally we were watching it this morning making fun of me because the content was particularly not good. So it's really easy to think that you're creating the best content when probably you're not. But then on top of that, even if you are making amazing content, it is difficult to break through because there's so much more competition. So if you're making videos that have already been made before and people have already covered that subject well, most likely they're better at it.

and most likely they already have a larger following so you can't just be as good as them. to get up to their level, you're gonna have to be even better than them to get to their level. And that's why with Blue Ocean strategy, you want to be in a scene where there's less competition because if you are making that quality content, well, people are just going to come to you then because they don't have another option. So if you are an aspiring aspiring content creator I Highly, highly recommend not putting all your eggs in one basket and similar to the market and investing, you're going to want to diversify.

You're going to want to do everything you're going to want: a live stream. You're going to want to do shorts, You're going to want to do video uploads, You're going to want to do podcasts. You're going to do multiple platforms. You're going to cut all this content up and just push it out to every platform you could possibly think of.

Instagram Tick Tock Rumble Twitter Youtube Kik Twitch Uh, put. Like, if you're going fishing, it makes sense that you want to push put as many lines in the water as you possibly can. Being on rum today does send a political message Justified or not I agree with that, but I am of the mindset that eventually it won't be sending a political message. So if I'm ahead of the wave, that's how you get really, really big.

So for example, the only reason you're listening to me right now it's not because of my matte strap videos. It's not. Let's be honest, you're only listening and you've only heard of me right now because I've covered GameStop and then from Gamestop it went into covering GameStop and AMC That's the only reason you most likely know about me. Now The reason you know about me with GameStop and AMC was because I was the first person covering it I was covering it in in this sphere I'm not talking about Reddit There was obviously people on Reddit far before I was there, but I was the first person to think oh, I should stream this The like being the first accounts for a lot in content creation.

Ask yourself this like the biggest people on Tick Tock The Demelio girls, why are they there They're not the best dancers in the world, but no, they were the first people to just I guess make dancing videos on Tick Tock So um, I've seen this for me in my own career. paid dividends in the past of you want to be the first to do it, you don't NEC you want to be the Trailblazer The person who is the Trailblazer in the world of content creation are the people who become the biggest. So for me, I'm taking a bet that I'm on the right path with Rumble Uh and honestly, like I've it's been a great benefit to me. I mean I have almost a hundred thousand people over there.

So in terms of risk because I've already been terminated from YouTube three times. Well if I do get terminated, obviously that's a bummer. but I at least I went out to go build up an audience elsewhere. Um, it's just it's really just de-risking the whole situation.

um yuck. Matt was on Tim pools stuff. gross. That guy sucks I don't think he sucks.

uh he once again like I mean I've met him in person I thought he he went out of his way to give me advice about content. they were accommodating when I was there I thought they were nice people. has rum addressed the issue of giving bad faith actors or actors a platform to spew hate like advertising pulls out. How do they keep their shareholders satisfied? Who have they given a platform to spew hate? Um I mean they have a terms of service.

If you violate the terms of service, you get kicked off like I I I'm not a fan of when people just say this random stuff: if spew hate and hate speech because that's very subjective and not objective I mean it might exist there. but I have not seen people spewing hate on Rumble and if you do see that, uh Simple Solution don't watch it. But that to me is like a very I I think this concept of getting canceled and like now there's almost like a canceled culture to cancel culture and I think this is common with many things in life where you have a pendulum that goes back and forth and we see over Corrections when one way or the another. So if you rewind a year or two if you said things that people could in one way or another construe as hate speech, yeah, you, you got canceled sponsorships were lost.

but now it's become such a ridiculous situation that I truly believe it's going the other way and a lot of people I mean I see jokes about like if you have, if you haven't been canceled, like are you even making content like it's just the pendulum goes back and forth and I think people are getting like tired of all these like Hall Monitor Karen's like saying what you can or can't say if you don't like what someone's saying, don't watch the content. There's millions of content creators on the end internet. Go find people that you like I Hope you like me, but if you don't I Hope you go find people that you really resonate with and enjoy their content. I Mean folks, life's short.

we're living. We're living one of these things right now. I Mean to spend your time arguing and being angry and just like caring with you like day in and day out. Like someone said something about.

Temple I would bet you've never met Temple Maybe you have met Temple maybe you thought he was an but I would bet any amount of money you how now have a negative opinion of a person you've never, ever ever met and that's crazy. That's absolutely crazy. He most likely doesn't know you and yet you know of him, you've heard the name. You've made conjectures by saying a couple what videos of his you're like.

oh I just don't like that person. What? you? you haven't met him folks. This is the internet. People make content to make content but to make um.

statements on their actual character like it blows my mind because you don't know what they're like as like an actual human. Have you ever met? Adam Aaron no I haven't I can't find a degenerate like you Matt love you Tim Poole is how I found you. that's awesome I mean I met Temple I've met his team and they were crazy nice to me. uh I met Dan Bongino yesterday uh I saw that he was doing a book signing so I met him at some rumble events.

uh he I don't know if you had the same experience but like if you see his videos um you can't really tell how big someone is like through the screen I guess like I don't know a lot of people when they see like I think we all just assume everyone's like the same size. so like on some arbitrary default size and guess what? I'm much more than a torso. A lot of people look at me and they're like that kid is just pure torso. We don't even know what else is going on.

Um, and there's a couple people that I've met that I'm like oh wow I did not like expect you to be that big or that small. but Dan Bongino! I When I met him I was surprised by how big he was and honestly the same thing with Steven Crowder um I thought Stephen Crowder was a lot smaller than he is in person. Um actually the same with Stephen Crowder's dad. They're both like big guys.

It's interesting how like we come up with these random I don't know ideas just from seeing someone on camera and then you meet him in person and you're like oh whoa, did not get that right whatsoever. Uh, what are we at fake news Matt you don't have legs? Hey don't you say that? Hey, don't you say that? Not true man. I've seen those cankles of yours though. Do you know how much these cankles aren't insured for? These cankles are insured for big money.

Well anyway, very quickly back to some Market stuff. Just so you know, the Spy is now at the bottom of that region where I thought things could be dangerous, so watching for that. But there is an upside Gap built to 447.72 so paying close to catching there. The other thing that is kind of interesting to see I was playing out is the spies getting hit today.

The queues are getting hit today, but Disney's up and Disney's up because of this. News Byron Allen makes 10 billion dollar bid for ABC other Disney networks Bloomberg has learned that media Mogul Byron Allen has submitted a 10 of them I want to be a medium Disney to acquire it's ABC TV network and several other stations. We know this has kind of been in the works for a while. Bob Iger Potentially thinking about selling a little bit more context, Bloomberg's Lizzy burden is all over the story.

Let's take a big step back though. Why even talk about selling in the first place? Well look. Bob Iger has been under massive pressure, the Disney stock at a multi-year low recently, and we know as well Bloomberg's just reported about the subscriber pressures that Disney Plus is under potentially going to fall tens of millions of subscribers short of its 2010 or Target. So this is a tasty deal.

potentially. Bob Iger made no secret back in July of saying that he was thinking about selling some of these traditional Brands And then earlier in the week we heard from the Nexar former President who now advises the CEO that he was thinking it would be a good idea to be buying up Legacy Media owners uh that are looking from owners like Disney that are looking to restructure so the sums seem to add up here in in terms of saving traditional TV yeah and I think it's really interesting. They're kind of getting a little creative about it. Started to be getting a little creative about streaming first.

Now these offers are getting creative too. They're not your traditional say Apple buying Disney Narrative: Talk to us about the players involved here, the deals, and what they could actually look like. Yeah, I mean you could draw that parallel to ESPN as well, couldn't you? Which is looking to sell a minority state, but that's less to raise cash. It's more about bringing in the right skill set so that they can bring ESPN online and sell it directly to consumers.

In terms of the players here, look, um, Disney has been holding these talks. Uh, it's uh. Nexar is already the biggest owner and operator of local broadcast stations. It would make sense, but that's a long way away from a deal.

Uh, and Disney as I say is having these difficult struggles with its uh stock price, so potential acquisition with some of the Legacy broadcast aspects of Disney A little bit more on that. Disney holds initial talks on sale of ABC to local broadcaster next star. Like they said media Mogul I want to be a medium Mogul but this is like Disney's performing well today, at least on a relative certainly. uh, kicking the tires of his own company trying to figure out value outside of it.

Yeah, rumors about a deal like this have been going on quite a while. Uh, but um, you know the difference is you know we saw in July Uh, Bob Acker coming out and saying hey, you know this is probably a business we don't want to be in long term. the Legacy Media networks and uh, and so we. we know they've basically been up for sale and you know you saw the former president of Nextar at a conference yesterday come out really and sort of beat the bushes Italy Said you know we could laugh right now.

You know the minor divestitures we'd probably be required I Want to bounce back up? How do you deal with sports? Did haven't made any trade yet on ESPN but also is simulcast on ABC Uh, but he very clearly said we just like a little more guidance from Disney on what their plan is here. Uh, but definitely something that they would be inclined to pursue. What does Universe going forward I mean the broadcasting Universe Chris Because you have ABC sort of the quintessential American Broadcasting Corporation going to Next Star, which already owns. You know this really does sound like a succession thing, so potentially it could stay the size it is.

It could keep the audience it has potentially. But then do you have Disney doubling down on the streaming type Services the sports type services. That's exactly the indication that Bob Iger has given is that he they want to focus on streaming they don't want to get rid of ESPN You know, drag that is the sort of shrinking business of traditional TV is something that they don't necessarily need to be in. And next, Stars Obviously whole business is traditional TV and they have been getting deeper.

As you noted, actually agreed on the day for once. Uh, they they, uh, cable news outlets that they're growing and so it's raped over the course. Acquisitions uh, that's outside Core Business They employ tons of news reporters around the country. Uh, Disney's looking good sales staffs that sell local TV advertising.

Yeah, so this really isn't that much of a stretch for them and really could Elevate their product from others Microsoft Breaking down below the trend line. actually big update on Uh Microsoft Legitimate trendline breakdown. This could really pick up some speed and intensity below 331. so if you're a Microsoft Trader be looking for that, That could be a nice downside trade.

once again, Msft uh Nvidia Looking a little weak but I don't know I don't know about you guys, but I'm a little gun shy to bet against Nvidia because whenever people do, it seems to rip even more AMD Taking a hit this morning, What else do we have? Meta had a good day yesterday, getting rocked today, literally, just reverting everything back to exactly where it was. so lots of strong selling this morning. Will it hold? I Have absolutely no idea, but things are looking a little bit bearish today. All right.

Uh UAW Strike Killing Tesla I Mean that's the strike itself. It's gonna have an impact. Well, Ford is actually up. Now that's interesting.

GM's up too. No, that's not going the way that makes sense in my brain. Um, I would more so because don't forget that today is quadruple witching, so there could just be craziness all around. I'm more so to make larger time frame conjectures like that.

I would probably just be waiting till the end of the day to see like where we actually close out. um, opposed to like just what we're 30 minutes into the day right now. Dude, only 30 minutes and we're getting hit this bad. The Spy is down 0.92 the cues are down one percent.

The only thing green on my watch like is Netflix which that one's actually been particularly bad all week. So interesting to see how this all plays out. Cgc smoking? Uh, so we know recently. not really.

I mean it gapped up, but a 12 move is only 16 cents. It's a penny stock. uh, and intraday it's not looking the best till Raise up. So yes, we've been seeing some optimism, some positivity in the world of jazz cabbage.

and Devil's lettuce. Um, hang on one second, Hang on Hang on. Hang on. Hang on.

Uh, hang on hang on hang on. Is this the bounce studies? Edit: Strategy status off every time this is looking to catch a bid. Is this it Is this the dip to be bought on the day? that's do I want to risk this much? Yes No Maybe So I'm just wondering if this is like a little liquidity to grab bounce off of 446 and then we fight back for the rest of the day. The cues are getting hit too.

What are you guys thinking? What are you guys thinking? Uh, I should probably get on to the 10 minute chart. See it a little bit more clearly. just wondering if I should make trades in my own account on the prop account. Well definitively can.

Well dude, every time I'm about to try to buy this dip I Just see it getting smacked. It's just I Guess these are the Pains of trading in Opec's day. Is it gonna get going? 446 Key level: This is where we closed out two days ago on Wednesday That's exactly where it wants to battle. This is why I have these this region highlighted.

Uh, just thought it would be a battle today. Proving to be a battle today. Let's see how things actually get going. Look at this: just getting sliced and diced.

The cues are particularly weak. Cues are definitely particularly weak. What do we do? Is this going to balance that all well? I mean I guess even going long, that is minimal risk. So I could try it, but the cues are freaking me out.

I Was looking at going long on the Spy here just because. minimal risk. Whatever. 50 50 risk.

and maybe I could play it up to 447.72 Seems like 50 like it's a two to one risk to reward, but I'm only I'm hesitant because of what I'm seeing in the queues here. The cues are particularly weak and if the queues sell off, most likely they're going to drag the spy with it. Unless we have a different sector that is over performing. XLE is over performing XLF is over performing.

utilities are looking fine Healthcare is looking fine Industrials are looking good. The only thing that's really messing up is Tech that's why So and Tech I mean it just accounts for such a all right. Maybe I need to do this. Uh, let's see.

let's build a quick, long position. Order filled all right. Did that in the prop account? uh oops, sorry you guys can't see it. Uh, but went long on the S P 500 I'm gonna risk somewhat of this recent load just seeing if I could catch a little bit of a bounce back up.

Uh, might be right, might be wrong. This is on the prop account so it's not like I'm really freaking out too much with my own my own money there, but quick little. Scout Target Back to the up side. Uh, but but if you're interested in your oh dude, the cues are getting hit.

This is what I was worried about is that everything in the Spy would be trying to fight to the upside, but the tech sector is just getting annihilated today. Tesla's getting hit Microsoft's getting hit Apple Dude, that's that's brutal. That's absolutely brutal. Let me see if I'm getting any other signals here.

Not sure it's correct on desktop and phone app, but wrong on browser. Wait, what are you talking about? What are we talking about? Is this gonna be the bottom? now? this I actually think is a good example of the two major types of trading methodologies. Obviously there's more, but I think a lot of the times trades are thought to be either Trend following or mean reversion. So Trend following you'd be like wow I have lower highs, lower lows I should go with the trend and then mean reversion would be like I think this is overextended to the downside I think there's going to be some form of a pop.

Um, typically Trend following has a lower accuracy, but when you win, you win bigger and then mean reversion typically has a higher accuracy, but you when you win, you win smaller. So it's a trade-off I'm not saying one's better than the other. You can make money trading both. Uh, do I want to do this on my actual account? Uh uh yeah.

we'll give it a whirl Boom brother. All right. we're trading with the actual account this time around. Foreign.

we're Trading 33.60 Uh. I keep doing this. But I'm not. okay.

so we have a trade in the prop account and a trade in the actual like my own personal Live account. but we've just vomited so hard we're outside of like the the obviously we're to the south side of my like these extreme bands. um, a buddy gave them to me, they're called DTI But anyway. um basically it tells you if something's overbought, like extremely or oversold extremely looks like it's oversold.

So this would be in the realm of obviously. we're looking for a type of mean reversion. It sold so hard. So looking for at least a return into quote? Unquote norm