Hello hello, Hello Am I Live right now You never really know, never really know when you're doing this kind of a thing. If you actually figured it out properly, someone say hi, someone say something. If I am successfully live, please, just say don't do this koi thing where you're like, well, we're gonna be quiet today just to screw with Matt Dude is it working? Is it? Is it working at all? Dude? sup something I Like turtles Thank you fish creep that day fish Queen The best part of that name is it some adult was sitting there and you're like I'm gonna make a YouTube account and you went in and at the point that's like what does your username like? What do you want your username to be Obviously at some points I was like oh I got it and you had to go through the steps to write fish Queen it's so unreasonable. like the whole story like oh fuck yeah, that's my name.

oh that's a good one. that's a good one man. Well all right it looks like we're good on YouTube uh his hands are just really big. yeah no I I didn't shrink my my head recently was more of a I just enlarged my hands it.

It happens. It happens. It happens. dude.

time zones are weird I uh uh. it's still super super dark out here I Don't know how you guys on the west coast ever trade. How does anyone in the west coast ever get ready for the market? I Mean you're basically getting up at the crack of dawn every day to still just barely like I Get up early and I'm on the East Coast So I don't understand how you folks on the west coast do it. So if you guys right now? well we used to have that one dude in here that was always from Alaska and he was getting up at like I don't I just don't think he ever slept.

Maybe that was his technique. Maybe it was more like he just ended up staying up super late. Why does this keep moving? Stop doing that man. Um I feel I feel for everyone that's on the uh the West Coast I just Alex takes two years to master Dude I Just you're you're scared.

What do you do? Go to bed at like 5 p.m What do you do just like Crush dinner at five and then you're asleep by 5 30. I Just don't get it. I I Just I I don't understand it whatsoever. So I I feel for you guys on the west coast and I don't even understand I wonder if the optimal time do the Europeans Is anyone right now watching this from Europe I Want to talk to someone who's like actively in Europe right now because I want to understand that might be the best time zone because like you kind of get up but like you're not really rushing and then what? The Market's open like midday and then you trade to like what eight nine PM uh I feel like in Europe that might be the ideal time zone because like it's not so late that you're watching the market close and they're like oh, it's like there's still time to go do other stuff.

um plus side is you're done watching the market by noon out there. Well yeah, I mean I guess if you want to be like that kind of a person. but if you had a bad trading day, that means you just have a lot more of the day to focus on how you messed up trading. so there's like there's that factor as well.

My point is that there's various things to consider. but right now dude, if I had to get up I mean generally if the show starts at nine, that means I need to be prepping by seven and then usually I'm trying to go to the gym before. so I'm getting up at like 5 30. So if I were to do that exact same schedule here I mean I'm up at 2 30 in the morning you look like Luke Bryan from this angle that's also because I am Luke Bryan that works out.

Um, that works. we are one in the same person. So like generally I do Market stuff in the morning and then I go and I believe he's a huge country music star then I act as a massive um country music star in the evenings. So that's a big Advantage being in La So I have time for all my shows.

So uh anyway, good morning, good morning I'm stoked that you guys are all here. If you're watching this right now, you're like this isn't normal. what's going on? What in Tarnation folks? I am in La for the second GOP debate and basically what's happening is rumble's like hey, do you want to do your show from the debate area today uh at I believe it's the Reagan National Library and I said that sounds awesome the first time around when I was in, where was it Milwaukee Minneapolis wherever it was somewhere in the middle the U.S the first debate. uh it went super well.

Got to talk to some interesting people so when they offered it the second time around, I was like let's do it. But one advantage once again with the time zones and the craziness is I get to do this show which will say it's normal. uh but basically the world's not awake at I'm looking out and it's pitch dark I've been up since I Guess what was it three in the morning or something this time I don't know. it's crazy.

Man's arms are bigger than his charts. Yeah, that that's how you. That's how we have to do it. And basically I just have this rule that every single time I get a trade wrong I have to go to the gym.

So as you guys have been noticing I've been getting bigger so that's exactly how. uh, that's exactly how my trading's been going. But speaking of that, we do have about 25 minutes so that Bell goes dingy ding ding ding and I have some things that I think we should cover I think it's important and that we could BS a little bit afterwards, but obviously I appreciate you guys joining in. I Know things are a little bit off, a little bit strange, but hey, it is what it is.

It is what it is. And the big old headline of the day is stock futures right after Dow's worst day since March's treasury yields decline. So the major thing that came out today and this is all in the newsletter. If you're not signed up to for the newsletter, make sure you do that.

Uh, but the durable goods order came out and that was a little bit higher than anticipated. I actually have the results somewhere. Doing this on a laptop instead of a PC is zero percent of the fun. um, core durable goods orders came in at point four percent.

they were expecting point one. Uh, if you just look at durable, not the core, they were expecting a drop of 0.5 came in a little bit north of that. Uh, so across the board, Durable Goods was higher than expected. I Do want to also let you know that an hour into the market today 10 30 a.m ET we're going to get the crude oil inventories so that's all going down today and then after that.

That's pretty much the major stuff that we're going to get today. but things do get a little bit crazy tomorrow. Thursday September 28th Because an hour before the Market opens, we're going to get the GDP uh Q2 results so that's going to be a big big one and then also tomorrow when the market closes at 4 pm. ET We're going to be hearing a speech from Jerome Powell the chairman of the FED uh, I sh I should be back in time for that I Had to catch a flight super early tomorrow, but I should be back to stream the Jerome pal speech with all of you just so everyone knows and then to close out the week Uh, early early in the morning on Friday We're going to get the CPI results for the Eurozone area and then we're going to get the Pce results for here in the US an hour before the Market opens on Friday.

So those are things to pay attention to, obviously in terms of seasonality. Uh, today's actually a bullish day. Tomorrow's a neutral day and then Friday is actually pretty bearish. So it goes uh, bullish, neutral bearish that that's today Thursday and Friday Just so everyone knows, if you want to see the exact details, obviously, once again, that's all in the newsletter that you could get for completely free.

free, Free Now the major thing that's going on I Would argue the intersection of politics and the government and monetary policy in the stock market is the shutdown. And as we are getting closer and closer to the day, it does look like the odds are increasing of a government shutdown right now. So I have a little bit of an update on all that for you. US Government Shutdown Economic risk grows to the longer it lasts.

Contractors face 1.9 billion a day in loss delayed. Revenue Uh, Congress shows no sign of avoiding October 1st partial shutdown. So uh, once again, our I guess children-esque politicians are doing what they do best. They're acting like children so that's not a good situation whatsoever.

On an interesting note, some of the quote-unquote hardliners that are stopping the I guess Bill from getting passed I think are gonna be here in La Um, so if I have the opportunity to interview them and be like hey, what are your thoughts on the economy and the government shutdown obviously I'm going to do that, but I can't make any guarantees. When I was trying to research all this, I noticed that there was a bit of breaking news with Trump yesterday. I Don't know how many of you guys caught this because I don't know like it's maybe it's just in my world that's not really making its orbits but it was just reported late last night Trump and Company liable for fraud in New York lawsuit. According to a judge, a judge ruled that former president Donald Trump and his company are liable for fraud in a lawsuit by the New York Attorney general, the judge as part of a decision canceled the New York business certificates of Trump and other defendants in the suit in Manhattan Supreme Court.

The judge ruling found that Trump has had me has made false misleading valuations for multiple real estate assets and statements to insurers and Banks over the course of the years because of these misstatements, Trump had inflated his true net worth by billions of dollars. So once again, this is all news coming out last night. What? I just read was reported by CNBC and then I have a further update from the AP uh Judge rules: Donald Trump defraud Banks and insurers while building real estate Empire A judge ruled yesterday Tuesday the 26th that Donald Trump committed fraud for years while building the his real estate Empire that catapulted him to fame and the White House and he's ordered some of the former presidents companies were removed from his control and dissolve. So to my understanding, I'm no lawyer I don't speak legalese but just from reading these articles it sounds like basically his businesses that are in the state of New York according to this judge are they're not in his control or they're gonna be dissolved which that sounds Wild Uh, the judge ruling in a civil lawsuit by the New York AG found that Trump and his company to see Banks insurers and others by massively overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing loans.

The judge ordered that some of Trump's business licenses be rescinded as punishment, making it difficult or impossible for them to do business in New York and he said that he would continue to have independent monitor oversee uh Trump organization operations. So his business licenses in New York I Guess getting pulled away making it difficult or impossible for him to do business in New York That's crazy. If not successfully appealed, the order would strip Trump of his authority to make strategic and financial decisions over some of his Key Properties in the state. Um, so I don't know if this is I mean I guess like this more of a question for all of you.

So like, can he not even collect rent and stuff on the properties that he owns in New York now Trump Uh, obviously fought against this decision, calling it Un-American part of the ongoing plot to damages campaign to return to the White House on true Sun Social he posted my civil rights have been violated and some applet court whether federal or state must reverse this horrible Un-American decision. He insisted his company had done a quote-unquote magnificent job for New York State and done business perfectly. Calling it a very sad day for the New York State System of justice. Obviously he's going to be appealing it his judge or his counsel.

His lawyer already announced that and they quoted saying it was completely disconnected from facts and governing law. So with that interesting that it all came out yesterday. Obviously with the date debates today, Trump will not be at the debate Instead, he's kind of doing what he did last time or last time around. Instead of being there.

he ended up doing the interview with Tucker Carlson and Sam I Believe this time around he's not going to be there and this time he's going to be with the UAW the United Auto Workers So he wasn't going to be here anyway. but I know obviously like his son and Kimberly Guilfoyle like there's the group that we're going to be here. so I don't know what's going on. it seems crazy with the timing and I mean really, just in a general sense it all seems super super crazy.

Uh so I just wanted to share that thick boy. please make the ad stop I Hate when they interrupt you. You have too much potential to be interrupted by her side and things I Don't know why these are playing the way they are. Hang on let me see.

I've been continually in this battle where um so estimated frequency I have it at the maximum time which is 30 minutes Determine the frequency for answering your live stream. Ads are not guaranteed and not all viewers will get an ad viewers that are served at will rejoin this training. After ads are skipped or ended, you will be able to manually insert and sort of the stream for breaks and transition periods. Um, so the options are six minutes, 12 minutes, 18 minutes, 24 minutes, and 30 minutes and I obviously have mine at the largest amount of time in between.

So I'm I I don't know what's going on? Whatever this new ad system is. Uh I I hear you guys and I've been trying to fight against it, rally against it and I just I I don't get what's happening I don't get it I don't get it I don't get it I don't get it. but anyway, are there I Guess my question for you people, you people is anyone who maybe is a lawyer, speaks legalese or maybe it's just more read up on this situation. Is it accurate to say that Trump can no longer operate businesses in New York Is that is that right? Am I Like understanding this Stephen has zero ads.

That's Stephen That's because you're a special dude. uh uh. in my I will say a YouTube premium has been totally worth it. Oh, for to not have the ads, well I guess you guys are more focused on that right now then I Just want to know what's going on with this whole craziness.

Anyway, that was a crazy update, but more on the political side. Recently, you've probably seen some of my videos with: Bob Menendez the uh, elected official from I believe New Jersey he's a Democrat anyway Bob Menendez A federal prosecutors are claiming that he accepted a lot of money and other I guess gifts in the form of bribery that he shouldn't have. Uh, update on that Senator Bob Menendez to be arraigned as resignation calls grow louder and then obviously he had his interview where he's like no I like obviously, why would I not have envelopes full of cash on Cupid that's what we all do. That was basically his excuse.

He says he doesn't want to step down and he says he's in no way guilty. He hired Hunter Biden's lawyer if that's his lawyer representing him in this once again, not alone I wasn't there, but the information that is public of what's going on with Menendez and the gold bars and the Mercedes and this and that and the house payments, the mortgage payments. um, it all looks pretty pretty damning against him. So anyway, just giving you an update there is the resignation calls go out.

of course they do. of course. like what did he think was gonna happen? Obviously so crazy stuff going on there late last night. Another big update.

Justin The chairman and the largest shareholder of Evergran the property company in China had been detained by the Chinese government earlier today, the CEO and CFO of China's second largest property developer Evergrand, who recently filed for bankruptcy were also detained by the Chinese government. I Looked a little bit into this. It's a wild wild situation. Truly wild situation.

So what you need to know is: Yan Yan Y-a-n the billionaire chairman of the Belugard property developer China Ever Grant group has replaced other police control taken away by Chinese police earlier this month and is being monitored as a designated location. I Don't know if this is how it actually went down, but in my mind the dude was just sitting there doing some business, looked up and then all of a sudden like all these Chinese officials and policemen came running in and probably like I don't know, did they put like a bag over his head and then tie him up and they're like now you're going to be in this designated location I Thought it was going to be for like a day or two, but as you're about to hear uh, it can last for a while, it's not clear why Yen or Yan or whatever his name is is under so-called residential surveillance, a type of police action that falls short of formal detention or arrest and doesn't mean that it will be charged with a crime. Still, the measure means he is unable to leave the location, meet or communicate with others without approval. Passports and identification cards must be handed to the police, but the process shouldn't exceed six months.

Dude, this dude I think they're just leaving them in a room with the back of his head for six months and they're like, well, we're not charging you so like we don't really I Guess the fact that he's not being charged almost feels like a way where they could just like keep it going for even longer. Like no, no, like we're just trying to figure some stuff up. It shouldn't like they're not even saying that the max is six months or like, um, we just don't think it's gonna take more than half a year so he can't communicate without approval. The whole thing sounds beyond crazy.

Beyond sketchy and I guess if anything, it I think we could safely interpret that to mean that the restructuring is not going well whatsoever. The move is the latest sign that the Saga at the world's most indebted developer has entered a new phase involving the criminal justice system. after authorities earlier this month detained some staff at its wealth management unit and two former Executives were also reportedly held. It adds to questions over the fate of Evergreen after setbacks to its restructuring plan in recent days Royal Financial markets and raised the risk of liquidation and then we just have some commentary on it.

Too early to say Evergreen will end up in liquidation, but such risk is clearly Rising for the government. It shows. no single developer is too big to fail in. China This is gonna seemingly end very very very poorly.

So I just wanted to share that because obviously we've been focusing on how in China this system clearly is a bit like questionable right now and what? I'm saying this is some I Guess the the strength of their economy is suspect to say the least of them. We're seeing clearly more cracks coming through on a positive news, bringing it back to the U.S Screenwriters approved deal allowing workers to return to their job. So within Hollywood hey, that's where we are right now. There's actually, well.

there was two strikes going on. a writing strike and an acting strike. It seems like the writing strike is pretty much done now. concluded.

So some positive news there. For anyone paying attention to it, that's awesome. Another piece of law. Uh, positive news landmark.

What word do I want to use? marinara Jazz Cabbage Devil's lettuce uh, whatever you want to call it Landmark marinara financing Bill Set to move forward in the Senate A new bill aimed at establishing a safe harbor for financial institutions serving legal Jazz cabbage businesses is expected to advance to the senate floor today. Wednesday The Securing Fair Enforcement Regulation Banking Act was introduced by a bipartisan group of senators last week. If passed, the bill will pave the way for the sector to secure greater financing and scale into a broader market. So basically, if you're looking at companies such as Tilray, Cgc, Canopy Growth, or if you want to check out the sector, the ETF that tracks it is MJ like Mary Jane Um, obviously pay attention to it because this is a pretty piece of like.

It's a piece of pretty solid news, so just wanted to share that. But obviously there is a political, positive political update within that particular world. All right, we're going to come back to that. Five things to know before that stock Market: Bell goes today Wednesday September 27th The FTC accused Amazon of an online Monopoly Basically I mean I was listening to the uh, what's her name Lena Khan she was on Squawk Box this morning.

It sounds like the case is more round how what they were doing with sellers were ensuring that the product couldn't be sold anywhere else for a cheaper price. So Amazon's like hey, that's pretty monopolist. or the FTC was saying about Amazon that that was pretty monopolistic. Uh, inherently I mean artificially driving like prices higher in Internet marketplaces.

So that's why Amazon I think had a four percent hit yesterday. so worthwhile that pay attention to that. President Biden joined striking UAW workers I I think his commentary on that was that he thinks they should get like a 40 raise I I Don't want to misquote him but I think it was something about Biden was agreeing that they should get a 40 raise Target Shutdown nine stores blaming crime and violence on top of that. not really with the Target shutdown, but with the crime and violence and shrinkflation and really just straight up theft.

I Don't know how many of you saw the video, but there was a video that as of this morning is making kind of the viral rounds of the Apple Store in Philadelphia got completely robbed and looted last night like I believe it's on Walnut Street there's this like big super well-known Apple star or store right in the middle of Philadelphia and the videos of it are crazy like there's just a lot of people. they broke it open random there and just started ransacking the place. and for those of you who have been long time viewers of this, you might remember the story of the day where like my computer was dying and I needed a new computer so I ran to the Apple Store and it was the whole buddy interaction I Don't know how many of you guys remember this story but that was the exact same store. so the same guy who's like listen buddy um in a weird way I think Karma finally came back and got him.

you know so just wanted to share that that obviously all the theft and looting and ransacking it's horrible. Uh, so just trying to add a little bit of light-heartedness Matt I Need Biden to come protest for me for 40 raise? Maybe if he comes and pickets with me I could pay it? Maybe maybe Biden Said they should be able to bargain for 40 a 40 pay raise I mean 40 over for 40 over four years for UAW same as the CEOs over same time frame. Oh interesting Matt There's no way you're going to be awake for the debate. I Feel sorry for you.

We're gonna do it I bought I mean I guess it's a free sponsorship but I bought a ton of Celestia So we're gonna be crushing that we're going to be crushing some Celsius today I'm actually a big fan of Celsius I Don't know why they don't sponsor me the amount of money that I'm personally just given that company from buying their product. Uh, like that alone I Feel like deserves a sponsorship? 40 would ensure that they lose billions I don't I would have to look into their operating cost but a 40 pay raise I I mean obviously it's just going to be eating into their top and their bottom line. Uh so I would have to look into the numbers and I don't want to erroneously comment on it. But and all the bigger thing I saw was something about a 32 hour work week and that one seems nuts because if it like our manufacturing is already low so that if they're trying to cut out a day I mean these these auto manufacturers are gonna like that's just inherently gonna make them hurt a bit more, but it's probably something I should like read up on Celsius versus Cheez-Its Oh I would actually say why not just put them together I Would definitely say like let's just always just Crush fistfuls of Cheez-Its and then go grab a Celsius ads every 10 minutes.

There's no way that there's ads every 10 minutes. Really? Are you guys actually getting ads every 10 minutes right now? I It's set on 30 minutes I Don't know what's going on. There's no way you should be getting ads every 10 minutes I made 400 reselling tickets I had to bought to reschedule now IRS Can't touch me? Yes, no adds way more. Uh I had zero ads.

He's lying I'm late. sorry. you should be sorry I don't know. Get an ad blocker folks or just be stoked that you know it's making me money like every time you see an ad I Don't want you guys to get frustrated.

you should just be like good thing Matt's finally making some money. You know you know my success. I Think we could all we could all enjoy that type of a thing I can literally tell you what ads they are I I mean I Believe you that I Just don't understand why it's running every 10 minutes when it is being sent to every 30 minutes. Hey match, are you in? La I Am in LA Are you guys in La if you're in L.A come by, say hi.

um 40 raise for Matt by premium and stop wanting? Yeah folks I'm working on my own 40 raise right now so let me just figure it all out. Um ah, YouTube cried about ads all right now we have Rumble popping off over here as they're stoked that they don't have to deal with any of this. What time are we at? We are at 6 27. do you know how many times today alone I had to do the math of just adding three hours to like.

Even from the start of this, I was like okay, yeah yeah no I definitely start at Six A.m and then I would just do some basic math I'm like seven, eight nine I usually start my show at nine and then I just didn't believe my own math. the amount of times today alone that I had to just keep adding three hours I was like okay, yeah, yeah, Nine A.m so I think that's six I Six Six plus three is totally nine and then like 9 30 The Market opens at 9 30. let's subtract three. so that means that the market actually it's gonna open at 6 30.

And the fact that there's people that do this every single day adding and subtracting three. Uh, it's I feel I feel for you I mean the amount of time alone today where I had to add and subtract three? It's craziness. Absolutely craziness. Please tell me you brought the ski glasses in blonde mullet wig.

We need some hardcore entertainment today. Um I mean what else would I be doing the debate in? Obviously folks like when I'm up on stage, when I'm pitching myself to Americans to be the next president I need to be my top form and that is my top form. Clearly my top form is going to be just shirtless with a jacket on and a and a mullet. So yeah, of course I brought it.

You said you think I'm gonna do a normal presidential debate in like my normal Moon gang stuff? um crazy? Uh, it's only 6 30 there. Not too bad. it's not horrible and obviously I've only been here for a day so it I like still have East Coast time uh Matt you feeling okay? You need some? Flonase Dude I it's something about the hotel or the air or the fact that my Zyrtec didn't kick in. But no, we're crushing it.

Top tier. This is what physical peak Perfection sounds like Folks, this is it. You're you're limited. You're experiencing it.

Uh, in real time. Uh, all right. So the five things: No I don't think I ever finished that. Uh, back to the keyboards.

that's the writers Union Joe joins the picket line. Interesting Target includes the stores signing crime. Super sad situation. Don't forget, sign up for the newsletter Macors Locals.com We do have Thursday today.

The seasonality is neutral and then Friday it is definitely marriage. Definitely bearish. Um so I Just want you guys to all know that and let's get back to the major news. The market did officially just go.

ding ding ding ding uh I Don't think I ever asked you guys. So I'm gonna throw up a poll right here. Create a poll Market Today Market Today Green Red Start a poll. Poll started.

There you go, it is up and it is rocking. Uh, where are all my charts? Fair Question Spy currently trading at 427.25 so bouncing off of the low from yesterday. Not the most surprising thing beings that was Major support in the high 425s I Wouldn't be surprised if there's a bit of a reversionary bounce. I'm not going to call for like anything crazy.

obviously if this bike gets above and holds above about 4 30. I Think that oh, do I want to trade should? I YOLO into a trade right now? Why not? You've been logged out for inactivity Well Log Me back in I'm trying to make some trades use my password scans my finger I'm just trying to do you know I'm trying to pay for this trip basically. uh, what contract am I esz23 I Think that's a dude trading on the web like this. It gets sketchy real fast.

Uh I where's all my indicators? Where's all my buttons I don't know I shouldn't be doing this. This is just dumb at this point when you're not prepped to do it I'm in a foreign environment I just don't I don't feel comfortable right now, but I need to do it nonetheless. Do I need to do it. Are you guys voting bullish? I need you guys to help me and tell me how to trade today.

Mark uh oh I see Tesla coming down in the low 240s but Nvidia is back up to 425 I'm nervous I don't know what to do. the cues are taking advantage of the hit I haven't done any trades. uh but I need to know from you guys which way to trade and what are you guys telling me? 54 of you said Green? 53 of you. So you guys are 50 50.

So if you don't know what you're doing, how do you expect me to know what's what's going on? Basically not fair. Um, if you guys can't see it. but maybe if you pull up your charts I'll lay out the major levels of interest for me today. So if you look at the Spy currently trading at 427 and a half Basically, which means it's halfway through the daily bar from yesterday, this was actually pretty easy Peasy Lemon squeezies.

I'm looking for the break and hold above 429 430. To the upside, if it breaks and holds, then I'm looking at 432 and some change. On the flip side, if it goes below, we'll call it the mid 425s. I Think that could set up a test for 423.

So if it doesn't hold the mid 425s, I'm looking to 423. Um, and then if it breaks above and holds above 428, 429 I'm then looking at like 432 and some change. So those are my major levels of Interest right now Tesla is vomiting Tesla at 245 and now it's getting a little bit crapped on this morning. Do I want to trade the NASDAQ instead today? What else is happening in videos up 1.3 Tesla's the only red thing on my watch list as of now.

Netflix is green. Men is green Amazon is green rumbles Green Curvana. Ooh Carvana got knocked down to 40. dude, what happened to Carvana is the market coming down right now? Uh, how's Apple doing Apple's green but it's green but it's quickly losing its gains Microsoft is actually bouncing Tesla is vomiting a little bit and video popped and it's making its decision.

Matt is looking a bit heavy. What way are we going today? The we're opening up and I mean relative to yesterday's close. A lot of things are in the green, but the intraday action definitely leads. Uh, a little bit to be desired.

here. The Spy of the cues are trying to make their trying to make their mind up. Uh, the cues similar to what I just said about the Spy. We're opening up halfway through its range from yesterday, so it's basically a break and a hold above 357 and a half That sets up almost 360..

on the bottom side, if it goes below, we'll call it 350 for that. Then actually, things could get pretty bad there and that could set up a test of 349. So once again, that's all for the cues. Uh, let me bring up the market internals just to comment.

So you guys kind of know where some of this stuff is actually. Um, which way it's leading at least that market open. Obviously, we never know where things are definitively going to go, but in terms of Market open, it's neutral leaning bullish right now. Neutral leaning bullets right now in terms of Market open.

But granted, we're only five minutes into the trading day. Uh, but bullish leaning neutral is that gonna hold? Is that going to hold? Yes No Maybe So Yes No Maybe So Uh, how do I do this? How do I Mqz, Nqz, and Qz23 Do I want to take the NASDAQ along the cues try to pop right there and now they're getting rocked. Ah, maybe I'm forcing it. It feels like I should have either taken the opening Market volatility like at 9 29 right before the market training.

but now at this point it might be most approach. Oh, the cues just got smacked pretty hard. Are we going down the spies right at 427. What do I want to do? How are you guys voting Now 52 So you guys are 50 50.

So if you guys aren't making up your mind, how do you expect me to make up my mind? You guys are a lot smarter and better about this than I Am. All right, let's let's look on Spock Ammo Spot Gamma is just the recent resource I've been using that like breaks down where the options Market influence is like really impacting the individual equities that you care about. and thus far, the Spy 427 is seemingly important. There's a hedge wallet 440 call wall at 450 and a pull wall at 425..

So if we get down to 425 today, the fact that there's a pull wall there is that for today's expiration, there could be there could very realistically be a bounce right off of 425 if that's where a lot of the options are. Uh, let me check out some of this. Equity Indices Let's look at these indices spy real-time updates. 425 definitely seems to be a battle Zone The next big expiration is 9 29.

So in two days, a ton of put premium. What is that? 21 22 billion dollars worth of put premium is going to be expiring this Friday Uh, 22 billion and then about 1 billion of call Premium is expiring this. Friday Dude, that is just nuts. They there's a lot of put premium centered at 425 and a decent amount of it at 430 and also 420..

So it goes. Basically 425 has the most then 430, then 420 and once again, that's all on the put side. For the call side. Uh, it's 4 30.

4 30. Interesting, interesting, Interesting. The market vomiting a little bit right now Tesla Looking the best. How's Tesla Tesla Tesla Tesla Tesla Tesla Tesla Tesla Ooh Tesla looks like it's pushing yesterday's low of 241.66 It's at 242 right now.

If Tesla pushes that low, my next setup would basically be 238 and then pass that 230. I Very much like Tesla in the long term, but in the short term it's definitely showing some weakness. Are the cues fighting back? What a strange opening we popped and it looked like it was trying to go again. then it is bleeding.

but now it's fighting back everything. Ooh the sun's coming out crazy crazy that the Sun comes out at the same time on the west coast as it does. the East Coast has scientists ever realized that? Or am I the first person to realize it that like it's the same time based on clocks, but in reality it's not the same time because the sun's already been up on the East Coast that's wild I Don't think that's ever been discovered by scientists. Am I the first one to realize that that like according to your clock, it comes up at the same time but it's not actually the same time because the sun's already up.

Dude, it's a simulation. managed to turn out nonsense. Now the Earth is flat. dude.

I'm just hey. I'm just calling it. how I see it? You guys always come to me. You know you're coming for the truth.

You want the truth and that's what. I'm here to deliver. That is what. I'm here to deliver.

Uh, the cues are catching a bit of a bit right now. I do tap to invest with Street feed Hey I Just got my street beat announcement that they bought me some new stuff. Cool, cool, cool, cool. Did some rebalancing though.

Jeez. All right. All right. All right.

All right, All right. I'm gonna take a quick sell Market invalid quantity. My quantity is one Esz23 sell Market We had a problem processing your request, failed to build order. dude.

it's one sell Market Oh Well that took forever but I just went short one es contract. Um, so obviously that's a short against the S P 500. Uh, just going for a quick little quick little thing, you know? But ah, the Spy Where are we? We are just below 427, not holding 427. the market internal and neutral coming down a little bit.

Tesla's not looking the best. How's Apple looking? Apple's knocking on the breakdown door of 172. Apple if if Apple doesn't bounce here at 172, I Mean it's not the biggest fault, but there is another downside. Gap fill on Apple A clear downside Gap fill at what is this? 167.

So just maybe you want to throw apple on your watch list because this could be tilting. could be tilting. Um, wait a second. Well I was up money.

but now now I'm not up money. That's not fun. All right. the Spy maybe I should have chased it.

Why did I do it am I the dumbest trainer alive I Honestly, if if there were some sort of competition for the dumbest traitor alive I feel like I would have a good shot I really really do. There's not many things in this world that I feel that confident about that like oh yeah, like I would be up there in the running like world renowned. but if there were some sort of award for the dumbest traitor out there I feel like I would have a good shot like I don't want to come off as cocky and tell you I would definitively win. but if I were a betting man and obviously I am I would put a lot of money of me being in the top three for sure.

Um, and once again I don't want to come off as like overly braggadocious or anything like that, but there would be there would be very, very good reason for me to be like in the running for sure east of the Mississippi yeah, maybe here on the West I've never really had the opportunity uh to show off my training on the west side of the Mississippi so this is kind of it. I'm hands down, the demonstrator of all time does. Does anyone in here like legitimately think that they're a dumber Trader than I am braggadocious. It's a great word that's actually not even the word of the day.

That's just a word that we're we're popping off with. You know, we're gonna be more than happy to share that with everyone that would definitely win the most sarcastic award. I'm super sarcastic. but I think there's probably more sarcastic people, especially like in LA here.

But in terms of the dumbest training: I think I have a good shot I think I have a really good shot. 54 of you still think it's going to be a Green Day the cues are trying to fight. They're running into an issue at 356. clearly some sort of level of resistance at 356 on the NASDAQ QQQ um yeah, it tried to curl back and fight into it, but the market thus far not.

it's kind of doing the whole Gandalf thing of like you shout out, not pass um for instance, I took a short position on the spy and that actually might have been the low of the day. So maybe my bragging is worth it to show you guys that like in fact, I am the worst trainer I think I just took a short at the lowest point of the day I might have been off by a minute. but I think I bottom take the short which is pretty sick if you think about it. The queues just broke through.

they're ripping through 356. Why do I do this to myself? Why why would I have done that? How much am I down? Holy shit dude. this game sucks. The graphics blow.

There's no fun storyline I feel like the storyline is effectively like haha Now you're poor. That's what they should call this game. haha. Now you're poor.

but I mean dude. I've seen better graphics on ruinscape relative to this crap. It's just red and green. The graphics of this game are just red candles and green candles and you end up losing money.

It's pretty much the only game where it feels like you're guaranteed to lose money generally in the day back when I was growing up, back when I was a wee little lad, you spent 60 bucks. he bought the game. it was 60 bucks and that's all you were out. This game that I'm playing right now.

it feels like every single day that I play it I'm losing way more than 60 dollars. This game sucks. Dude, straight up sucks. Come on, come down.

just come down. Um, hang on. Uh, the founders know Founders know es Futures are 30 bibs blah blah for QQQ The 350 pot wall remains major support with resistance above at 355 and 360. So 350, 355 360.

we expect another day of contained volatility. a close above 4 300 in the SPX today would, in our view, sharply reduce the odds of a 4200 test by Friday. It will likely require a tail print out of the Thursday's GDP or Friday's Pce to spark a test of 4 200. By Friday, we are still on watch for a rally out of Friday and into early next week we are still on watch for a rally out of Friday so potentially getting to a local Minima here that we bounce out of could be could be could be.

It's a tough call though, with the GDP report CPI in the Eurozone and the Pce in the US. If you don't know what Pce is, it is, uh, the personal consumption expenditure report and it is just another inflation report. Basically, uh, for whatever reason, media loves to talk about the CPI report, but if you listen to the FED members, they actually care of like the FED members care way way more about the Uh Pce report according to them. I don't know if they're necessarily telling us the truth, but that is what they tell us uh, brother to did I really short it at the low of the day.

Why do I do this to myself? I Honestly, I do a little bit of a psychoanalysis of why I get myself into these situations and I think it's somewhat reasonable. Now hear me out. this is gonna sound crazy, but the more you think about it I think the more you're going to appreciate the genius in the situation in the trading day, let's just pretend I'm on the East Coast right now so the Market opens at 9 30. my argument is I would rather lose early just because then I have more time to make it back up I think the earlier you fall behind in a trading day, the better it is because imagine if you're trading great all day and then you fall, you go negative at 3 30.

Well now the pressure is really on because you have a half hour to like basically make it work. But on the flip side, if you do my style and if you go and you start losing money by like 9 45 15 minutes into the training day, you have hours to make it all back. So I know I know that's a little bit, uh, maybe abnormal, maybe a little bit strange, but literally think about it this way. the earlier you fall behind, the more time you have to make it all back up.

So just wanted to share that I know it's a little, it's gonna be it's gonna prop most likely a little bit of conflict I'm reading chat right now, but just digest it like let it really really just sit there for a second. Uh, because I think it's inherently genius Matt add your rum. Um, where is rum trading right now I do want to add it, but I'm actually afraid who dude runs back of seven percent now? um I kind of like it in this five dollar range. Uh, it's just I I don't know I don't know what I'm waiting.

Well, I told you what I was waiting for I was waiting for the first push above the previous high and close above the previous daily high. So I'm still kind of waiting for that that when I do buy it or when I like definitively plan on it where I'm like hey, I'm gonna do it tomorrow I'll let you guys all know I'm not trying to hide that for you and like anyway I don't actively trade rum um I just buy it and sit on it I've done a small purchase and a large purchase and my average is around 950. And obviously if I could buy in the realm of five right now, uh, that would really really help my average. So I will keep you guys surprised of that situation.

Um, for those of you who are trading rum who are invested in run there was an interesting Seeking Alpha article on it. um that I think I'm going to be going over on the other show today like when I'm streaming from um I guess the actual debate Place Uh so I just want to cover the information and I don't know I guess like internalize it a little bit more but it was just posted. Wait, it was updated this morning. the dark the the article is on Seeking Alpha and it's called Rumble the dark horse that will likely break out after lockup.

Uh, the summary is: Rumble is significantly undervalued today anticipates significant Revenue growth as Rumble deploys the infrastructure to capitalize on its user base and Content Library lockup risks have been grossly exaggerated and short sellers will be getting to cover as they realize this over the coming weeks. Rum has 2X or greater upside potential over the next 12 months as the company grows Revenue through increased user monetization. Um, so this literally just came out yesterday I believe it was updated this morning. Uh, I'm gonna go into a little bit more of a deep dive on it on the second show today.

Uh, but yes I just want to be very apparent with you guys I'm invested in Rum I don't actively trade it I don't touch calls I Don't touch puts on it I just own the stock. A small purchase, a large purchase and I'm planning on doing another large purchase just to bring my average down. but when that happens, I will keep you guys surprised to this situation. I do want to put on your radar right now, just in terms of individual equities.

Apple's looking pretty weak Apple's knock, knock knocking on the door of a breakdown here at 172. if it breaks below and holds below 172, my next Target would be 167. Um, once again, that's for Apple Nvidia slowly grinding to the upside Tesla and even that one like I said, if this goes below, closes below 241 240. that's setting up 238 and then from there you have 230 Apple not looking the best Microsoft Similar to Apple looking pretty freaking weak.

Uh, actually Microsoft has made that full measure move that I talked about in the newsletter. so when we were talking about Microsoft around two, what was it like? or excuse me like 327 328. It's actually trading at 312 right now, so if you took that, Microsoft trade Massive. Congrats to you I didn't take it, but it played out so beautifully and there actually might be additional downside on it.

There is a big big downside Gap though on Microsoft all the way to 280 160. similar to Tesla I love Microsoft in the long term I like it I love it I think they're awesome socks that have a lot of growth potential in the long term. so as an investment I actually like it as it gets lower because I get to buy more. but in the short term I mean I wouldn't be buying calls on them that's for sure at the moment.

Netflix God It's downside Capital to 380 376 and still showing some weakness. If it continues to sell, I'll be looking at 360. Meta just going sideways. uh Amazon also making that full measured move, but more so because of the FTC update, but all the way down to 126 and that one was actively called out in the newsletter as well as well as well as well the Spy bouncing a little bit here.

the queue's bouncing a little bit here could be I mean it's really, really short term, but if you're looking at the one minute on the Spy, you could probably argue for an inverse shoulder head shoulder. um, the breakout of The Upside Down neckline would be like 427.75 roughly. Um, so just watching it Tesla's curling back Tesla I Just want to call this out to anyone who's maybe looking for some sort of degenerate trade today. Um, Tesla looks like it actually has a cup and handle at 2 45 and the handle or the handle of the cup might be about to break to the upside.

So uh, the one minute Tesla seeing the bullish company handle same highs, higher lows uh, I'd be looking to see if there's follow through and a successful hold above 245. Meta did pop, but now coming back down: Nvidia looks like a cup and handle as well Microsoft not doing it Apple's not looking healthy today Apple might be dragging the market down with it I Would be careful with any of these Tech plays because if Apple breaks here and it is about to make a new intraday low, that might be Dragon some of these other plays with it. so just be careful on the Apple side of things or be careful with your long positions on the cues or other Tech names because Apple is not looking Bueno not looking Bueno Who's the new guy Matt Have you seen Um Xau USD I Haven't thinking of putting an order on Roman 5 in case of a back test. Hey, whatever you do I hope you crush it Matt Compares This trading strategy to a college football team losing early this season so they have time to work back into the top 25 standings.

Cam, you know me too well Matt you were absent from class yesterday. If you have another unexcused absence, I will be forced to drop you down a letter grade. Please don't do that I have a uh a note from my parents of a planned vacation. you know Xau USD is being murdered Apple's now the least like Mega Tech uh is now the least like mega cab tech stock among H fund managers.

Whoa. Interesting. Amd's up apparently 2.2 percent shout out to profit. Don't forget at 10 30 ET which would be 7 30, 10 minus three carry the six divide by four.

Yeah! I'm pretty sure 10 minus three is still seven. so at 7 30 we are I'm going to be getting the crude oil update which uh, speaking of that, oil at 92 and a half I still think it goes a whole another dollar. The next major resistance in oil is at 93 and some change. The upper 93s I think oil is on its way to it.

Apple is not looking good on the top. On the plus side, Oxy's up today. Oxy's up almost three percent. Exxon is up 1.4 Chevron is up 1.3 So if you're looking for something that's bullish today, it looks like it's in the world of energy.

It looks like it's in the world of oil. Um, that's where the Bulls are hanging out. Dude, oil has just been moving. move and moving moving.

Volatility will most likely continue. Uh, all the way to I Mean I think the volatility will actually increase after the crude oil inventory. Update: Uh, the queues are having a little bit of an intraday breakdown. They I'm looking on the like the one minute, the 30 minute, the five minute support.

but there was a recent low actually on the You Could argue on the cues now that they have their own shoulder, head, shoulder set up and it's about to snap the neckline in 355 40, 355 30. Uh, the cues are not looking. The healthiest dude things are going down is my horrible short trade actually gonna somehow go in the money. That'd be crazy.

Hey, maybe my dumb training. maybe I'll just get lucky today. My goal if I'm being honest is between the trading on my flight yesterday and the trades right now I Just want to make make enough money to pay for this trip. Open: AI may be offering shares at 90 billion? they were like 20.

Whatever billion in January Twitter X might be separating the notification tab by replies, quotes, likes and mentions. that. feels like a lot of different tabs. Kevin O'leary says that coming real estate collapse will lead to chaos and banks are going to fall because of up to 40 percent of their portfolios in commercial real estate.

We haven't talked about commercial real estate in a in a hot second. but but but but it's still clearly clearly uh, suspect sector. dude. So the cops did get involved in the Philadelphia thing yesterday.

Center city was going nuts. dude. cops are just choking people out. There's so much looting and ransacking.

Oh wow, the the scenes from Philly from last night. Well and there it's everywhere. It's in La it's an SF it's in New York it's in Philly It's in like DC Like all this looting and robbing and ransacking. Holy shit.

Like that's just chaos. It's absolute chaos. And it happens because there's no real punishment. So they're like, yeah, why would we not do it? Because there's no downside risk to them.

Dude, that's that's sad. that's sad. Holy crap. Uh, Apple seems to be breaking to the downside.

Uh, we'll see if it keeps going. Look for it to drag the spy on the cues with it. Uh, neither the Spy or the cues have made a fresh intraday low, but that is very much what I'm watching for. Very, very much What I'm watching for ADD Alert ADD alert Actually 10 am.

a little bit of a pop right now. half hour into the day. A little bit of a pop, but I care more about the Spy breaking down below 426.64 and the accused breaking down below 355.28 But we'll see if it happens, they we might not be returning to those levels today. Maybe Maybe.

Well, okay folks. Uh, that's it for right now. Uh, obviously. sign up for the newsletter Macquares.locals.com if also on there.

If I do any crazy trades or anything like that today, I will post it I also have enough internet and connection that if the zero DTE option strategy like if the signal fires again today, I'll also be putting that in locals. So uh, if it fires, I'll be doing that. and actually it looks like it's gonna be fine pretty soon. So sign up Backwards Locals.com it's free.

Uh, we're gonna be doing other pieces of content today. Uh, other shows today. So uh, the show. the specialty Rumble show.

It's going to be a Rumble exclusive. so if you're watching on YouTube right now and you want to hang out and check out the other show, make sure you're on Rumble Rumble.com Just search of course you're going to find me. Uh, but we should be going live. The last time I heard was 2 p.m local time.

so two plus three is five. So 5 p.m East Coast time. Uh, just so everyone knows. So the secondary show a little bit later on today.

um that's what I have for you I Know things are a little bit strange dude this from the phone in the hotel room. but hey I'm just trying to become the best Trader on both sides of the Mississippi So I appreciate you guys coming along on the journey with me. So thanks for hanging out. Uh oh the Market's now going down.

Oh brother oh brother oh brother. All right you know what? I'm gonna be a nice guy and I'm gonna post this in locals but just because you guys are hanging out, I'm gonna give everyone listening right now the zero DTE trade the zero DTE trade. Um, basically what the trade would be for the day would be selling the Spy 428 call, selling the Spy 428 Kyle and simultaneously buying this by 429 call. that should get the premium right now is in the realm of I think 15.

It would be selling the Spy 428 simultaneously by the Spy 429. It's a call Credit spread on the cues. It would be selling the 357 and buying the 358. once again selling the 357, buying the 358, those would be the two zero DTE trades.

Usually that's just for premium members, but hey, because you guys are being so nice and you're putting up with a little bit of a change in the show and everything I Want to give those out to you guys today? Uh I Don't know if they're gonna hit I Can tell you that the accuracy is in the realm of 80 85, but obviously there's no individual guarantee on it like a singular trade. It's more like looking at the overall system and taking the trade consistently. But once again, call Credit spread on the Spy 428 spread by 429 and on the cues it's 357 spread by 358. But I'm going to go ahead and update in that in locals literally right now I Appreciate you guys tuning in I'll catch you later today.

Remember the other live show is gonna be on Rumble exclusive today so if you're watching this on YouTube make sure you go over there and subscribe and like and comment and all that good stuff on Rumble I'll catch you later. Thank you thank you thank you. Have a good one. Pressure in the market.