I always had to be good but being always problem is true. So I learn it I learn it and now I know I don't want to play it. Play it. play it good crazy.

I'm crazy but I'm the WR baby True Yeah I'm good. What if I'm good if you me B What if I'm not good? Why is I'm not good if me why I'm not good I'm good they told me I always to be good, always true and now no I want to Crazy am. but I'm true. What if I'm good? What if I'm good? it's but what if I'm not good? Whatever good if my what what going Oh brother oh brother oh brother oh brother oh brother we are back.

We are back. We are back Happy! New Year Happy happy Holidays Happy 2024 Happy upcoming exciting year of degeneracy. That's probably the best way for me to put it. We have another 12 months locked and loaded in the chamber of Fullon D Gen Full on D Gen folks! I'm excited I'm very very excited I I Hope you had a good one I hope you had some good like relaxation, a little bit of rest and I hope you're geared up for all the fun that is about be happening already.

Kicking off the new year, we have some volatility in the equity markets. Unfortunately, that's to the downside. I Guess it's not so unfortunate. if you have a bearish position.

you're like, hey, maybe this year is not going to be as good. Uh, but if you're in crypto, cryptos, rip into the High Heavens I mean Bitcoin taking off Ethereum taking off Salana taking off. We have so much to get into, so so much to get into. Um, so here's the name of the game.

what's going to be going down is a little bit of a review of, just kind of a snapshot of the past year: I have some facts and figures that I want to share with all of you and then basically we're going to hop right back into it all the crazy news of what's going on in the equities Market what's going on in the Commodities market and then I have some big big news related to the crypto market and obviously we should dive into that because crypto's been ripping. So I want to talk about what's going on with uh Jamie Diamond of JP Morgan Basically being the world's biggest hypocrite when it comes to crypto, he says the government should shut it down. but yet JP Morgan because they're an AP and authorized participant with Black Rock I'll explain what that means making a ton of money, but obviously within the next week or two, everyone and their grandmother is expecting in Bitcoin spot Bitcoin ETF to be approved. So I want to talk about that who's involved, who's not involved and then also obviously later in April about mid April they're looking at that having so Bitcoin getting really excited but we also see Ethereum ripping.

we see Salana ripping. We see a lot of things ripping and ripping and ripping. Now before we get into all of that. I I guess there's just so many stories that I want to share with you from I guess the craziness that was the holiday break and I don't even know where where to start I mean I guess we could start with New Year's resolutions.

If you guys want to participate, feel free to comment what is your resolution? Uh, specifically, you're trading one bit. Hey, maybe you're more into the world of you want to be healthier Do this that the other thing would love to hear from you guys. I myself have a bucket a bucket full of things that I want to do in 2024 and one of them related to I guess like gym consistency like I go to the gym but I think it's consistency that's like the real issue. So obviously over the really the past week I've been going to the gym just going through the steps and it's kind of odd.

I started before like I don't know why people really wait for January 1st it always kind of surprises me like if you have this idea of something you want to do like feels like just start it that day. So anyway I had this idea so I started in late December but I find it odd that on January 1st I went I crushed the stair stepper as I always do you. obviously you got to retain the th the title of being Mr thick and then I was like you know what time to be even more thick and I haven't squatted in like a couple months really? Uh, so like I know how to squat I mean I play sports my whole life and even in college like you're this isn't a New Concept for me. But also I also recognize that I'm now an old old man almost 30 years old and I also recognize that I sit a lot and I don't move a lot.

so just whatever you you lose some of your flexibility, some of your I guess like whatever the muscles that are important allegedly in squatting, they can tighten up especially if you're not stretching and all that good stuff. So I thought to myself, you know what, let's not risk injury, let's just throw the bar on your back. This was all this all happened yesterday morning. threw the bar on my back.

no weight whatsoever, literally just the bar which is 45 lbs and I thought to myself, all right, let's go through the motion, make sure your body's all ready for this. So just doing a couple nonweighted squats literally just a bar 45 lbs and then what I wanted to do was kind of hold the depth of the position just because I noticed that everything was still a little too tight like you could feel it I was like the flexibility is definitely not there. literally just me holding the the depth of the squat with just the Spot bar with just the bar. excuse me It caused my entire lower back to spasm the entire thing I was on the ground, a grown man trying to not cry in the gym.

It was the second most severe back pain I've had in my entire life all night. I was sleeping as uncomfortable as could be, could barely flip back and forth because of how much pain my lower back and I guess it's just really my upper hamstrings are in just severe severe severe muscle spasms. Um so that's how my New Year's resolution is going. just uh, not mobile at all and like the icing on the cake was because I was Restless cuz I couldn't get comfortable at all I kept flipping and turning and doing this that the other thing and then Piper thought I was playing with her so not only could I not sleep because I was in pain but then Piper thought she should just attack my feet and attack Me All Night Long CU she thought we were playing this game.

Um so you could say that out of all New Year's resolutions I've ever had in my life, this is particularly the worst start ever. Um, oh you guys are noticing the beard. Yeah no, this wasn't planned. this was because I was in so so much pain I never shaved and now I'm at the point that I might just grow it out I kind of want to grow it out to the point where I can shave and then come in here with like an 80s porn mustache.

Um so maybe I'll just make that my real New Year's resolution as opposed to being healthy and going to the gym just let it grow like I'm not the best beard grower as you could tell I really don't have like the density of hair follicles on my face? um so I might just like Let It Grow out. and then I just want to come in one day with the 80s porn stash. um and that that could be a big celebration, we'll we'll just celebrate it. grow it out.

but no stash. No, it'll be only stash. no no just stash. I feel like you guys aren't understanding like you guys are like no grow out the beard no like you don't understand what we we're going just stash.

that's this is going to become the stash group from now on. We used to be Moon gang we used to be Goonies Now we're just going to be mustache and we're just going to sit here trading all day. just kind of pushing our mustache like that. it'll work at first.

you guys aren't going to like it but it'll catch. Trust me it, it's the big trending meta of the upcoming year is mustaches are going to be coming back into style. Uh like. Hulk Hogan Yeah, exactly the Hulk Hogan stash.

That's exactly what we're going to be doing. Just a stash. It'll be a thing, don't worry. I I think a lot of the guys and probably women in here are already cringing and I feel like you're just not seeing the vision I feel like in your mind you're like that's going to look horrible I Don't want to see that? Please stop.

My children might see you. This could be bad, could prompt nightmares and honestly you're just not seeing the vision of where it could go. So let's just maybe hold negative opinions to yourself and just wait till like the big reveal. I'll have to get like a mini curtain the one day and then I'll just like pull it so the current opens up so you guys can see the stash.

It'll be good it it it'll Trust me guys, it'll be good. So with that being said, we should probably get to the show as you're joining in right now. I Appreciate you guys being here. Thank you so so so freaking much for 2023 You guys Every single year, every single quarter month week, you guys always make it so much more fun.

and with that it just makes me Beyond excited of what's coming down in 2024. because not only do I think the markets are going to be absolutely crazy, but I think the political scenes going to be absolutely crazy I think there's going to be so many things that we can degenerately, trade, degenerately, make fun of, and just be generic degenerates about. So I think 2024. Um, some people are saying it's the Year of the Dragon I think that that's a old old I guess like inappropriate translation: I think they really mean to say it's going to be the year of the D gen.

so that's what I'm looking at, that's what I'm looking at and I hope you guys are going to be here for the ride now. with that being said, speaking in the market being crazy and whatnot, the Spy almost hitting an all-time high to close out the year we hit 47755. the all-time high is 4 79.98 that's for the S&P 500. The Q's did make a new all-time high for $ 12292.

The Dow made a new all-time high. Gold made a new alltime high. uh, oil didn't and it's actually looking pretty bad. but also one that didn't make a new alltime high but is currently breaking out is Bitcoin.

So there's a lot of exciting stuff going down. Dow Futures fall nearly 200 points to start the new year as rates rise Apple shares de climb. So before we get into the year, I do want to explain kind of some larger picture stuff cuz I know sometimes it's really easy to get focused on. like what's right in front of you and you might be missing the big picture.

Now for the about the past year and a half, the Fed, the central bank has been jacking up the FED fund rate higher and higher and higher. And this is done in effect to fight inflation. They're trying to lower Demand by making things more expensive because the FED fund rate has this trickle down effect of kind of setting the tone for other interest related things such as whatever some federal student loan payments, your credit card. um, it's going to impact the prime rate of how much.

Basically, it makes money more expensive and the FED fund rate is the thing That kind of establishes the vibe. So for the longest time heading into the Rona period, we were already very, very low and they decided to print money. When you print money, that prompts inflation. And with inflation.

Okay, to not get it into hyperinflation or even worse, stat inflation, you want to bring the inflation levels down. Now, this isn't really a scalpel esque tool, but the FED does have a major tool at its disposal to fight inflation. And that's jacking up the FED fund rate. It's more of like a hammer in an anvil type of a situation.

There's a lot of like, secondary tertiary effects that people aren't so stoked about, such as unemployment getting jacked up those types of things. But anyway, that's why the FED increases the FED fund rate is to lower demand. In an attempt to fight inflation, it was June of not 2023, but 2022, our inflation was clocking in at 9% We should be at 2% Even right now, as we're talking, we're in the upper 3es the mid Theses we should be at two. So we live in a system that it's always ideally inflating at a target of 2% and really, just the velocity of it over the past year and a half has been too high.

So when you're looking at everything just being crazy, crazy, crazy expensive. it's because inflation has been running rampant because the FED printed so much money. So yes, Is the Fed trying to fix their problem? Yeah, But also, remember, it's their problem. They made a problem and now they're trying to pay.

play Katchup to fix the problem that they made. And obviously, it impacts all of us. So anyway, they've been jacking up the FED fund rate. It got as high as 5.25% Recently, at the past couple handful of Fomc meetings, there's been some murmurs, some just some quiet Whispers in the world of finance that maybe they're dumb, Maybe they've hit their terminal rate, which is a really fancy schmancy, economic nerdy dweeby way to say their Max rate 5.25 They don't think it's going to go higher than that in this particular cycle.

and they're going to Coast for a bit and then start to cut bring that Fed fund rate down which is basically a way of them saying hey, we did what we can do and we think inflation which is kind of a little bit of a lagging impact, will actually come back down where we need it. That's the whole quote unquote, soft Landing type of a thing. Now this idea and I see it on Reddit I see it on fin twit I see it on Rumble I see it on YouTube I see it on Tik Tok I see it on the interwebs that this idea of oh, when the FED starts cutting the rate, the market should rip and I understand where that idea is coming from. like At First, Logically, what has happened.

like okay, well if they're being more aggressive lowering demand when they do that, that's obviously going to put downward pressure so that's not good for stock. So if you do the reverse, it must be good. So I totally get where you're coming from. But I Want to remind everyone.

Listen to this. I Want to remind everyone listening to this that every single time that the Federal Reserve within the US has gone through a full Fed cycle as in the rate was nothing, they Jack it up to fight inflation, they coast and they start cutting it back down That full cycle from the 1960s up until the most recent one which was actually right before Rona about 2019. Every single time from the moment they did the First Fed rate cut the First Fed rate cut I'm not saying Jack it up I'm saying the actual bringing it back down. From that moment, there's always there's not a counter example to this.

There's always been a double digigit drop in the market from that point to the actual low before the market starts to Rally again. Now with that being said, is the H is history. How have things played out in the past? Is that a guarantee of how it'll be in the future? No, absolutely not. But I just want to let you know.

Okay, like maybe this like overwhelming bullish sentiment of like hey no, it's going to rip as soon as they start cutting. Not necessarily and you could look into the numbers of it. but really, the date is suggestive. About half a year later is the best time, especially for people who like I See some people talking about like their 401ks is their IRAs that stuff don't be worried about.

Oh I have to YOLO into the market for a long-term investment on the day that they start cutting rates No In fact, like if you average it out with all the past Cycles it's about 6 months later, seems to roughly like give or take a couple months of being the actual low point and then it bounces off of that. So I just want to share what's kind of going on and understand like what happened with in terms of monetary policy the economy. This year. things might be even more crazy because we have an election year.

In the four-year political cycle, the actual election year tends to be the least productive year. Like, obviously we could still have a green year, but just the uncertainty of who's going to get selected. who isn't going to to get selected this time around? I Wouldn't be surprised if there's more craziness because it's most likely going to be the incumbent Biden versus the previous president Trump And obviously there's a lot of emotions and thoughts when it comes to that. So I think we're going to have craziness and volatility and Insanity across the board, so just want to do a little bit of a setting of the tone.

Tech Stocks just wrapped up one of their best years in the past two decades after a 2022 slump. and boy oh boy did the tech sector rip. And it was mainly led by the Magnificent 7. So shout out, shout out to Charlie here.

Kind of giving us some statistical breakdowns of how everything has like played out over in excess of the past decade. but 2022 was the year of the red. I mean pretty much all major asset class: Red Red Red Red Red Red Red red excluding the Bond market. And also Commodities this year was the year of the green.

Green Green Green green Green Everything green except for Commodities So 2022 pretty much all red. 2023 pretty much all green. Now this is a side note: the annualized gain on bitcoin per year is 149% The cumulative gain is a number that's so big I'm afraid to say it. so it's just you guys are going to have to figure out where to put the commas and whatnot.

Uh, but massive gain on bitcoin and even this. like the NASDAQ from 2011 till now up 7 50% If you look at the S&P 500, it is up 382. and once again, this is all from 2011 till recently you can see the annualized gain and this is just another good indicator of why Over the long term, being an investor in core solid companies asset classes is viable because in the long term pretty much all green obviously some better than worse. but I mean excluding Commodities everything else is in the green green green.

But we were just talking about tech which was obviously led by the Magnificent 7. I always kind of forget these. it's Apple Amazon Tesla Nvidia Microsoft Google Someone helped me out what's the other one? What's the other one? I always get to six and I cannot remember the seventh one is it Netflix did I say Netflix I Don't know if I said Netflix but the Magnificent 7. Basically there's seven Tech regulated stocks that all ripped this past year causing the NASDAQ to rip.

also causing the S&P 500 to rip. So like the this past year, the market was basically led by a very small cohort of very, very influential stocks. Meta might have been the other one. Whatever It Is Anyway, uh, the NASDAQ up 54.9% Absolutely crushing him.

Now just for a bit of context, if you look at the actual S&P 500 Track by SPX uh to kick off the Year, we're right around 4,7 Uh, what? We closed out the year at 4,769 I Just want to this is from Gavin Give you an idea of some of these people as in these analysts who are as right as they are wrong where they're looking for the market to go this year. So we have some estimates as high as 5100. Obviously, once again, we're trading at 4700. So some saying 5100 I believe that is the highest I see some as low JP Morgan is actually calling for 4200.

so kind of a WI disparity. I Mean that's almost a thousand Point difference. That's a big big disparity. Most of them are centering centering around 4600.

So if you look at these, yeah, some of the averages are going up. but we see 49. We see 48, 46, 45 42. So it it's almost like a um, a shotgun spread of these.

like there. There's no consistency here. We have some very bullish ones. Goldman 51 Deutsche Bank 51 City 51 even Bank of America That's pretty high, but JP Morgan on the low end Morgan Stanley kind of on the low end so they're not even as some sort of consistent guess.

Also, in terms of individual stocks, stocks that have the highest number of buy recommendations from analyst for 2024, with the leading one being Amazon amzn let's take a quick little peek at this one: Amazon Been following this trend line for a while. Uh, hit a 52- we high in mid December still still has some room to go, but maybe because it didn't rip as much as the other. Tech Sox That might be a pretty good reasoning on why so many people like so many analysts are bullish on that one. Coming in at number two is Facebook Coming in at number three is Microsoft I mean a lot of these on the list.

Obviously a lot of you guys pretty much know all of these companies. Nvidia is number four Google's number five I Found it interesting, but Uber is number six Uber Getting a pretty strong reading there. So anyway, just wanted to share that that's what the world of Wall Street is looking at for 2024. Please take it with a grain of salt because they're as I just alluded to they're as they're often as right as they are wrong.

So just because an analyst says something, don't think that it is Gospel whatsoever. Analysts are commonly commonly commonly wrong. Obviously, trade your own account. And yeah, it's good to take in other people's thoughts and opinions, but make sure that it has a little bit of like logical semblance to it.

All right. So what's going on this morning? We're talking about how 2024 was pretty bullish and we talked about why it's bullish and yada yada yada. But you might be looking at things this morning and say wow, the Spy is kind of down. the cues are kind of down.

uh, what in the world is happening there? It's because of this. Magnificent Seven Members get downgraded to start 2024 as Barlay lowers rating on Apple. So they lowered the rating on Apple because they are predicting that there's going to be lower demand in the upcoming year. Um, a lot of people are saying the RW talking about recession.

So if people are feeling that Financial pinch, are they really going to go out and use their discretionary income on the newest watch? the newest phone? the newest computer? Whatever their health services are. So that's why we're seeing Apple get a little bit smoked right now. the pre-market trading at 18850 and we closed out the year at 19250 so dropping about four buckaroos which happens to be billions and billions and billions and billions of dollars for Apple So that is the leader of the magnet ENT 7 and then obviously the bearishness kind of permeating. and then that's why we're seeing it in the Q's closing out at 40952 and right now we appear to be opening in the realm of 406.

So in the very, very short term, it's because of Bar Clays and the analyst and people talking about the high uh PE ratios price of earnings the high Revenue ratios. Like there is a lot of fair sentiment that things are overvalued. but I don't like I Always say that a little bit hesitantly because we've seen it in the market before. Just because something's overvalued, doesn't mean that it can't become more overvalued.

So just want to share that. like do I agree that things are overvalued? Yeah, undoubtedly, of course it is. But also, as an active Trader that doesn't mean that you're necessarily putting on a bearish bet at the exact top, it can keep going and going and going. Little bit of other political news here: Iran sends warship to Red Sea after us SS Uh, Aoui boats.

So that actually prompted oil to go pretty Sky High Oil prices rise as Iranian warships enters Red Sea after us destroys the Houthi boat. So if you look at oil uh, recently bouncing, where were we at as low as 67 and right here kind of bouncing off of 71 getting as high as 73. Uh, but within the past, like 30 minutes, it actually looks like it took some sort of hit. It was higher.

We were literally just at 7350 and now it just dropped about like a dollar and some whoa. Actually, this is getting really crazy out of of nowhere starting at 900 a.m. oil just really taking a dagger there. but overall on the 30 minute you could see kind of an uptrend.

Uh, ever since some of this a little bit of the political unrest so uh I know not many of you in here are commodity Traders but just wanted to share what was going on there on more of an exciting bullish. Positive note: Bitcoin Ripping to the High High Heavens Oh, hang on. this is now lagging because I have way too many Chrome tabs open one of these days, it'll be faster Bitcoin tops 45,000 for the first time since April of 22 as Wild Crypto Rally continues. Obviously, this is going to be relating to exactly what we've been talking about a lot of the anticipation of the Spot Bitcoin ETF Approval coming out this week.

potentially next week. But right now, even if you look at Bloomberg's prediction 90% if you look at a lot of these analyst predictions, especially people who are tracking the ETF what's going on with the SEC uh quote unquote informed people saying the odds are pretty high that the Spot Bitcoin ETF approval comes through in January of 2024. So the EMA Cloud on the 30 minute chart looking bullish I mean it looks to have gotten as high as 45,800 at least on coinbase. Uh, but seeing a lot of strength and similar in the world look at right here: Ethereum going as high as 2433 currently trading? Uh, just below 2400 and even Salana Salana was ripping got well.

Hang on. We could go back even more. Got as high as 126 Recently just popped all the way up to 117 currently trading at 112. Lot of enthusiasm, lot of bullishness, A lot of excitement in the world of crypto right now.

I Do have more details on particularly what's going on in Crypto, so we're going to cover that in a second. but just before the Market opens. I Want to let you know we are not in earning season? but there are still some earnings that you might want to pay attention to mainly on Thursday Before the Market opens, we hear from Walgreens. Other than that, these other companies I don't see many of you like really discussing them whatsoever.

So I just want to call out Walgreens Thursday before the Market opens with respect to earning. uh, excuse me Macroeconomic announcements: At 9:45 15 minutes into the trading day, we will be getting the S&P uh Global us manufacturing PMI So once again, this is going to be coming out uh, at 9:45 this morning. and then obviously last but not least, uh, don't forget to sign up for Locals Ma. Locals.com This is where you can get the free Weekly Newsletter This is where I post some of the Zer DTE strategy Trad This is where you could get connected to the gooni Discord This is basically the hub for everything going on outside of the stream.

but anyway Mac War. Locals.com it is in the description of the video kind of broke down, just some psychology things talking about. New Year's resolutions Here are all the major macroeconomic events for the week, all the earnings, and then I kind of highlight the one that I think you'll specifically care about. And then in the world of seasonality, this week is a bit strange.

It's actually kind of neutral. If you look at the individual days, you could argue that out of the week, today is the most bullish day and this is just the generic Trend over the past 25 years. But then if you look at Wednesday this is the these are the equity curves. obviously with the bull win percentage The Profit Factor but Equity curve kind of neutral Equity curve kind of neutral and then Equity curve kind of neutral.

So this week, the individual days, there's not a particular day where I'm like, oh, I'm excited to be bullish I'm excited to be bearish. Really, the way I would interpret this is I'm kind of just not taking the seasonality into account this week, I'm looking at breakouts, breakdowns, rejections, continuations, reversals, that type of a thing. There's just not a prominent seasonality based day to really kick off the first trading week of the year. and then I also break down as I was alluding to before the zero DTE signal.

So to wrap up the month of December Um, out of 37 unit bets and obviously with a unit, you could scale it up or down accordingly. Um, out of 37 it hit for 34 High high accuracy. Very very happy with that. and then the current streak is an 8 unit win streak.

Um, so actually the final week right here in December Really really crushing it. So if you have more questions on that, feel free to ask them. in the Discord I mean we have some videos explaining everything like what that is. it's credit spreads.

Put credit spreads, call Credit spreads a lot of good stuff going on in there. Uh, if you have any questions, feel free to DM me whatever. Instagram Twitter More than happy to uh, what time is it 9:29 I don't have time to go over this so it does not matter at the moment. More exciting is what we have going on here.

How much time do I have? Okay I have about 35 seconds. You guys voted Bullish today. Really? I'm ending the poll because you guys are just absolutely crazy right now. Bullish is how you guys voted.

well anyway. Um, as you guys know, 19 of the 20 accounts blew up. Uh, except for one which is my last PA account. today is technically day 10.

So if I make a trade today on this account and successfully do not blow up, well that actually then means that I I think can take out 2K because that's the max money you could take out from the prop account. Um so I need to get in one trade today and I think I could request a payout of O Hang on. Did the market just open? Well, you guys were very very wrong on that bet. Oh good.

Good thing I was too slow to actually. uh, take your trade cuz I would have just gotten annihilated at the open. Are you guys happy with that? Are you guys? you guys happy with that one? Anyway, Dingy, ding, ding ding. The casino is open.

Best of luck to all. Play responsibly if not have fun. Welcome to the casino. It is a New Week, A new month, a New quarter, A New year.

Welcome to 2024 folks. And I Have to admit, you're not you. Your vote is not the best vote coming out of the gate. You guys bullish.

60% of you were bullish. Really, that's how you want to start out. The new year is being horribly well. Hang on.

Let's see how the minute ends. Technically technically it was a green bar I Kind of have to give you that one. It technically was a green bar, but dude at fir you guys were right. I can't even talk that much sh like granted I said for the first minute the market open, it did flush hard, but by the time the minute concluded it was green.

So I can't I can't really talk I can't talk smack to you guys because it was a green bar. Wow I mean it was a sketchy bar like at first you guys had to feel a little bit a little bit suspect there. but hey and ended up working out. So I do need to uh place a trade on this account.

this is the PA account. 19 of them blew up unfortunately and I had that left over one. We discussed that right before uh, the Christmas break and then I got three others that are not approved yet I did not pass it. but I do have enough profit.

I'm basically I just have to trade for I think six more days on them or something like that. Maybe five more days and then I'll have these three approved uh as well. Uh, but okay, I'm going to be making my trade probably in a couple minutes I just want to see how things are opening up and really, what I'm looking at is oops, that's not right. what I'm looking at here.

let's go to the one minute let's oil's coming down. We could leave Bitcoin up for a second. uh Tesla Reported pretty good delivery numbers this morning so that's why. uh Tesla and Premarket had a nice pop they had.

They posted their delivery and production numbers uh to conclude the 2023 year and they were pretty solid. They hit their goal so little bit of enthusiasm in the world of Tesla but let's see what's going on. the Spy Obviously a bit stronger than the Q's at the open right now. here's a look at the S&P 500 on the Futures Market the 5 minute, the 10 minute, the 30 minute all bearish, but maybe going for a reversal? the 5 minute will be the first one to indicate that.

so uh, probably need to be a little bit more calm, cool, collected to wait to see how some of this ends up actually playing out. Let's get this on the daily. Uh, there are some upside: Gap fills I Want to call out to you? The Spy has an upside Gap fill of 4730 here. let me make that green so you know it's an upside Gap fill the Q's have an upside Gap fill to 4758 So both the spy and the Q's have upside Gap fill opportunities today.

Will it happen? I don't know, your guess is as good as mine I just want to let you know what's happening there Tesla Now getting merked Golly Golly All right, what time are we at? What time are we at all right? I Just want to get this one trade done. So ideally I could take out 2K and start paying for all those fees on Apex. Uh uh oh, hang on, What time is it? It is 934? Okay, should be able to get in my D gen trade here. Ideally pretty soon.

The spy in the Q is going completely the opposite way. The Spy is about to hit a new intraday High when the Qes are about to hit a new intraday low. Uh Bitcoin hanging out at 45.5k Tesla was holding at 250 and then just quickly vomited $4 Where's coinbase this morning? Coin isn't I Thought it would be higher right now. How's Mara And Riot I mean with crypto popping overnight? I Really thought these? Well, Mar's up almost 10% right now.

Interesante interesante. All right. Oh brother oh brother oh brother oh brother. we have Tech doing a little bit of a vomit Tech doing a little bit of a vomit.

Uh, all right, that was actually so fast that you guys didn't even hear it. but right there locked in 120 And then there's some slippage issues. But anyway, 12085, 80, 80 Uh I don't know what the math on that one is, but I don't know seemingly what an easy $400 something like that. Maybe close to 400 in that realm.

Um I was just quickly playing that breakdown and it happened so rapidly that I did not actually. uh I want to edit this really quick? save as template Yes, Okay, um so technically I'm now done because I needed this account today was the account is at 54.4k so I believe I can take out 2K from this one now. So what I need to do is switch this over 707 70 Okay, the PA accounts turned off okay I just don't want to mess with that one anymore cuz is like why would I risk blowing it up I want to be able to take out the $2,000 today so I can buy even more accounts. Oh speak.

Hang on Which account did I just make the lead account I made the lead account this one. This is the lead account. Speaking of more so here's my plan is I've now traded 10 days on this PA account at 54.4k so I could take out 2K I should be able to do that after the market closes today. When I take out that 2K I'll be able to buy back a bunch of these other accounts.

Um, and on that particular note, uh, they are. Where is it? This is pinned to the top of chat. but if you're interested in doing this like degenerate, like highly leverage trading, Um, right now they're doing an 80% off deal. so pin to the top of chat.

This is Apex. Apex is the prop account so you basically use Apex and then I choose to do the trading for my Apex account on ninja. Trader So uh, Apex is the prop firm and basically the one I use is I use a bunch of these 50k accounts. There's a bunch of rules of what you have to go up to get approved.

basically a simulated paper trading. If you do well enough, you get approved and that then goes to a PA account. Um, and that's what this PA is right here. So basically you have these normal accounts where it's simulated, then it goes to PA and when it goes to PA that's when you're then talking about potentially getting real money if you do well enough and uh, at this point I believe I've hit all the metrics to quote unquote do well enough I just need to wait for the market to close today and then I should be able to take out 2,000 as soon as I take out $2,000 Obviously, this account will will come down to 52.4k but then I'll also have money to buy a bunch more accounts I Think you could run it up to 20 accounts or something like that.

Um, so that one's locked in should be able to take out 2K today. So hey, I'm stoked with that. That's a good way to kick off the year starting out with a nice technically 2K uh, withdrawal even though I don't know I'd have to do the math on this, but hey, I'm stoked with that one. I'm stoked and then let's go back to this really quickly.

So anyway, if you're curious about this, I if you have certain questions, I could try to help you right now. Um, but they have pretty extensive FAQs here I just want to let you know that they're running. Usually it's either like a Basically it goes like this: 71% off is like the worst deal that they run. Then they run a lot of 80% off deals and once in a while they run 90% off deals I Like to buy my accounts obviously I Want to Be Frugal I Want to spend the least money possible? Um, so I like to buy it when it's at least 80% off I Really don't like buying accounts when it's only 71 I like the 80s and the '90s So um, you might be thinking, well, if it's 80% off, how much does that actually cost? About $33 I Think for the account to take the test and then you take the test to go to PA and then at PA you can R win real money and then if your account lives for three months I think that's when they start like actually executing your trades.

but once again, that's all in the FAQ You could check it out pinned to the top of chat in the description of the video. the Spy is now vomiting. Oh wow. 5 minute hard reject rection, hard rejection.

jeez. Louise Gez Louise mi amigo. Things are getting drugged down today. Where is the SPX at? Wow, that's a brutal one.

Wow wow wow wow. This is. This is what's what's going up today. I Guess Crypto Crypto appears to be only everything.

Are we enough into the day? I Don't know if Finn Viz loaded up yet? No, it hasn't I think it has like a 15minute lag? Uh I Have a feeling when this does lag up, load up. When the lag's over, it's going to be kind of red. uh, potentially not the most bullish startart potentially not the most bullish start to the year. Uh, what are the options saying? oh I'll happily bring that up.

Yeah, this is Spock Amama. There's a twoe trial uh in the description. basically all the software I use it's in the description of the video. If you're like, oh, what's that? What's this? what's that like that type of a thing? um uh.

so we don't have much data yet, but actually the options are getting a little bit more bullish into this particular dip. So price action coming down a bit here here. uh, but just not much data cuz granted we're only 10 minutes into the day so we'll just call it sideways. now.

remember the white line is the price line of the S&P 500. The teal line is the zero DTE option. so you have the net Delta over here on the right. While obviously the white Line's price, the S&P 500 is here on the left and then this purple line is the all expiration.

so it's including all different options contracts for the S&P 500. So um I don't know a little bit sideways for right now. let's just let's l a little bit more time pass so we can have a a ideally uh slightly better idea of what's going on. And please don't forget at 9:45 9:45 we have uh more reports coming out the S&P whatever Global manufacturing PMI prices some good jazz like that.

Um for me, while I'm waiting for this I do want to talk a little bit about um before when I was alluding to like just New Year's resolutions obviously with trading all that stuff. So for me, I'm a person who likes to take very, very meticulous notes on my trades. So like a trading journal of like, my entry, my exit, my reasoning, my risk, my profit Target How did it work up some follow-up notes and I was reviewing that quite a bit over the holiday break. Uh, when I was waiting for the old fat man to come down the chimney.

and the biggest thing that I realized if I were to characterize like my Trends as a Trader in this past year is if I stick to a system I'm wildly profitable. If I think I know better than the system or try to do some quick like Revenge trades or go too big a size or something like that if I somehow break the system's rules, that's when I become a horribly big loser of a Trader that's the major Trend I saw going through all of this stuff was if I stick to the system, not trading that frequently, just waiting for the perfect entry as dictated by the system, waiting for the perfect exit as dictated by the system. Massively profitable and then also the exact opposite is true. as soon as I like quote unquote, start trading with my gut I'm like oh I have this feeling or I lose some on like if the system loses and I try to make that money back with my own my own trade.

Basically, as soon as I break any of the systematic rules, that's when I start losing a bunch of money. So with respect to like where I want to go in 2024, my goal is to stick exactly to the system. as much as I possibly can is be as cold and robotic and systematic and algorithmic as I humanly can be. Well, really, I should not humanly I want to be the I want to be a cold robot of a system and basically stick to it and some days they're going to be winners, losers.

but like really me reviewing the data, it was kind of that aha moment of I don't need to do anything crazy when this system loses loses because the system is strong enough that it self-corrects and still ends up going up. So like I think in the day when I had a when I had a systematic loss I was like I just don't want to lose I want to make that money back quickly like just keep the account going up and up and up and it was those times that like I try to like quickly make back the loss from his system to keep the account in the green on that particular day that things like really generically kind of went sideways for me. So one of the big things I want to do this year and like it's a day-by-day thing because I truly truly believe 90% of the difficulty in being a successful Trader has nothing to do with your knowledge of equities options ETFs Crypto This that the other thing I think all that could be learned pretty much in like one month of extensive study I Think the major thing the absolute major thing in terms of like if you could flip a switch to make you a better Trader it would be disciplined. So for me, that's basically what I want to focus on is I just want to like, hey, basically trade less only do the systematic trades and other than that, just expect that like yeah, statistically some of them are going to be losses, but have faith in the overall system and don't try to do anything like cute to I don't know.

Fix it. so that's where I'm at. That's where I'm at. And so far so good.

Actually, there is one more thing I think I need to do today. Speaking of following the system, speaking of foll following the system, Uh, sell order submitted. All right. Theoretically this should hit 7070.

Okay, oky dokies. Uh so I have four accounts but I'm trading three of them. This one should stay where it is because I already kind of on that one. All right, we'll see how this goes.

Little bit riskier today. Uh, that is not the right math. That is not the right math at all. The stop loss did I mess it up when I edited it this morning.

We'll see how it goes. All right. This one should hit and then, well, maybe not. maybe not.

Uh, what? am I in at 65? No, that's right. I guess we just had that much of a vomit this morning that it looks a bit weird. but basically just looking for this to hit and then should be good on this one and then I just want to sell a little bit of premium and ideally that's just the money on the day. Um, you said less risk? Yeah I did.

If you guys see it's actually scaled down, this is now three contracts and I I was speaking of systems messing around with some systems. Um, to like bring it down to see like where I could do it at two I feel like two or three might be The Sweet Spot Uh, in 2023, there was a lot of times that you guys saw me trading either five contracts or 10 contracts. Um, I'm not necessarily in love with the timing of this one. Just like the idea of going short right at the low.

but I was really waiting for the next 15minute bar to open. Um I was waiting for 9:45 Um and I guess just like the way it kind of aligned. A little bit unfortunate, but hey, like I said, whether it hits or it doesn't I'm looking at the system as a whole. the individual trade of course.

I want them to all be winners, but that's just not reasonable. That's not how it necessarily is going to work. Um what I want to do is just trade the system, Trade the system, Trade the system. Understand there's going to be winners, Understand there's going to be losers and really what I'm looking at is by the time like all the dust settles on it is like I hope it's massively net profitable.

Um so this hopefully I mean thus far one for one today and I'm just waiting. I guess for a little bit of a breakdown here. Come on, come on, come on, come on, come on, come on, come on, come on, come on, come on, come on, come on come on. Oh come on, come on, come on, come on, come on, come on come on, come come on.

No wrong Re: yes yes, no yes, no or order cancelled. Bada Bing Bada Boom 120 235 230 2302 46 7 This is like 7 $800 You know, making $800 in the first 18 minutes of the training day? You can't hate that. You can't hate that whatsoever. So I should this PA count? This is the only one I could take money out of right now.

these other ones I'm still technically in the combine I think I need five more trading days, but this PA account. this should have been day 10 if I did my math correctly. So I should be able to take out 2K I'll take out the 2K and then I'll buy a bunch more accounts just so we can continue to do our degeneracy. We could do some sort of trading challenges.

All that good stuff. Um, but really? I just from a financial standpoint, I thought it'd be smart to like actually take a bit of money out, but other than that, obviously $800 locked in I'm stoked and with that uhoh uh yes, maybe I don't know if I meant to do it that way, but hey, um, and this was what I mean is I just want to like be as systematic as I can was those were the trades for the day. So on that account, I'm done. Uh, the only other thing I need to do is sell a bit of premium.

And where do I want to sell this premium at is a better question. Where do I want to sell this premium at? and then if I do that as soon as I sell the premium. Obviously I might need to uh manage it if things like completely revert and screw me over. But barring that, I think I should be fine I think he says he says unsure if he will be fine or not.

Uh, how are things looking? Let's do the old checklist. The old checklist uh I mean the Q's are looking pretty rough as well, aren't they? Uh load I have one for the cues right here. Load Layout: Qes So this is the S&P 500 on the Futures Market This is the NASDAQ 100 on the Futures Market Bearish. Bearish.

Bearish. All right things are. Let me look at the market internals while I'm looking at that, you guys can take take a quick peek here. This is what the options Market is looking like I Just need one more check here.

Load Layout: Where is my other one for the market internals. The market internals are Neutral Leaning Bearish Neutral leaning bearish. So this is being really driven by the Magnificent seven interesant. So if this is starting to bounce a little bit right now, Golly Golly Bitcoin is anything green at all? let me reload this.

I Think it should have. Yeah, that's a okay. so this is a heat map of the S&P 5 00 You could get it for free on Finis. Uh, a lot of the tech world is red.

Uh, Energy's green healthc Care green. Uh, but it's being led by these tech tech. Titans if you will. Apple in the red Nvidia AMD Qualicom There's a lot of red in the tech sector.

lot of red in the tech sector. Wow wow wow Wow. All right. Well let's see.

so we had XL e that was actually up. So energy is looking good. so um, just so you guys know if you want specific sectors of the S&P 500. Um, it's the XLS So XLE is energy XLF is financials.

Um, and that's actually looking pretty good. XLE and F are looking good. Xlk is all of the technology in the S&P 500. that's definitely looking weak.

Uh, Xlu utilities are looking good. Xli is Industrials that's looking fine. Healthcare is actually looking good. So the only one that that's looking bad as in bearish is Tech.

But Tech is big enough as you could see from the relative waiting of tech that it's dragging everything down with it. Crazy crazy, crazy, crazy crazy crazy crazy crazy crazy crazy crazy. All right. All right.

all right. all right I am now I Guess just waiting for the first half hour to pass and then we have some reacts to do. um we actually have some vods I have some crypto stuff that I want to get into crazy start I mean hey I guess maybe we have some end of or start of year profit taking some rebalancing. The only thing green on my list is bit crypto and gold.

everything else is red. What's actually the most read we have Netflix is down 3.9% and Nvidia is down 3.5 Wow wow wow Wow, that's just crazy. What is today? Today's the second right? Uh, wait a minute it. What? did I just do? Okay, no I did that right.

What did I just do? Dude, they are not making this easy over here. Not whatsoever, um quantity to just trying to get in an order, sell a little bit of pram. All right. hopefully this fit fills I don't know if it will though.

o started getting a little smoked getting a little smoke. look at this dagger on the spy in the Q's technology just getting Ai Ai. All right. that was just a little random premium selling on my extra account that I'm trying to build up.

Uh 2023 return in day trading over9 accounts 24hour Max hold plus 46% Wow Wow, that's awesome. Justtin Grayscale filed another uh amendment to their spot Bitcoin ETF So obviously there's a lot of news right now with Spot Bitcoin ETFs The interesting thing I saw about I believe it was Grayscale was they did not have an AP an authorized participant which is a fancy way of saying the person who like obviously if you're kind of running the ETF uh, you're the issuer, you're the sponsor. but then you could have APS the authorized participants who help you like get the things within the basket and kind of ensure that it's like trading at like the right price. Um, where are we at all right? I Just want to see if we're the Year of the Dragon The Year of the Dragon Alibaba says it spent 9.5 billion on share Buybacks in 2023.

Alibaba currently still has 11.7 billion left in its buyback plan e It pains me to say it: I Just saw something about Dave Pornoy Dave Porto is a big Michigan fan. Uh, obviously folks, if you're new to the show I am not a Michigan fan I am most of the time a Michigan hater but I'm still. this is painful for me to say I'm still happy that Michigan is representing the Big 10 so well the Big 10. Well really at this point everyone's always about the SEC.

The SEC is so great. the SEC is the best league blah blah blah blah blah blah blah. So do I Wish it was Penn State representing the Big 10 right now as well as Michigan is of course I am. but I'm going to be the bigger man here and still congratulate Michigan for beating Alabama I Very much hope Michigan wins the national title because of such a strong representation for the Big 10.

Um, so I'm going to put my differences aside on this one and just be excited that you guys are repping the Big 10 sing sign. Stealing helps you know I think that's so boring? That's so like it wasn't like they were stealing it from practices or anything. they were watching it during the game. I Don't think people should be penalized I Don't think team should be penalized for being more observant.

They weren't doing anything that wasn't publicly available information. like literally, if you were sitting at the game, you could have noticed what they noticed. Um, to me, that's just people crying and looking for a reason to just I don't know kind of hate. obviously.

I'm like, arguably the best team in college football this year. the whole sign ceiling thing. literally. people are trying to say that they were more observant and that's against the rules.

I I Don't get like I don't like Michigan at all and I still think that's a really, really lame thing to come at them for because it wasn't like they were filming practices or anything. It was literally the publicly televised games. so anyone watching could have used that information. Um, it's only fair if everyone closes their eyes during the play.

Then root for the huskys I have just no connection to the huskys. Like nothing against them. It's just like I grew up on the East Coast I spent like a summer in Washington Um I just don't I don't know. they don't represent the big TCH I Still want the Big 10 like I Basically, just want the Big 10 to have a little bit more notoriety because like it like people love to talk smack on it.

They love to be like oh no. the SEC is by far the best league and I don't think it's the best league, especially with recent history over the past two to three years. I think the way college football is trending is the Big 10's getting even stronger and I would argue that the SEC is getting weaker. it's still very, very strong League Like of course it is.

I'm not saying that they're nothing I just don't like this idea that they're the only League worthwhile to pay attention to where am I from from Pennsylvania and then I went to Penn State So of course I'm going to be biased towards Penn State but I mean sign stealing or not. it is very impressive that the number one team in the all of college football didn't have their coach for what six games this year like? Hats off to him. Hats off to him. Uh, recent history.

Georgia I mean Georgia won the past two years and then this year I mean they spanked Florida State I I think the the the fans from Florida State they shut up real quick. Uh, because at first they're like we should be there. How are we not there? We're undefeated. We blah blah blah blah blah blah blah.

Um, the game that's what we should be talking about is what in the world happened to the nulles That was absolutely ridiculous. And I think dare I say it I think the selection board made a very very good decision to not have Florida State included because if that's what Georgia did to them, they would have been annihilated. annihilated. Uh, 14 Serers opted out.

Yeah! I mean obviously opt outs like the only college games that you're really going to have like whatever your team's best performance are the people in playoffs cuz they well even that one. Well that was just the bowl game. Though they weren't in the top four, it's going to be like four teams. You're going to have four teams who are like trying to still win and the other ones they don't.

Obviously they don't want to ruin their potential NFL like career. So like I get what's going on and I hope that next year with the new playoffs that that switches a bit because you get a lot of these games that you can't say that they're not competitive, but they're definitely not as competitive as they should be. and like I Don't blame the individual players either because I get what's going on. They're like well I could get a bowl game win which that's cool.

but is it as cool as getting to the NFL like why risk getting hurt in an extra game like U? I get it but still no one's going to remember the the sitting out. What is going to be remembered was the 63-3 Victory where they got stomped they got. that's what's going to go down like. You guys bring up a fair point.

Obviously when they're sitting out, they're sitting out. but like that, that's that's bad dude. they got merked. um what was the other crazy thing that happened that day? oh the Lions and what was it? the Cowboys So as a PA person obviously I'm an Eagles fan um which which also means I particularly don't like the Cowboys and that was ridiculous.

like I don't that one's not even up for a debate. Is it like? It's pretty fair to say that clearly the Detroit line should have won. The refs made a mistake and I don't really like when people do that like they're like oh this bad call because you don't know where the game would have gone after that. but this was one of those scenarios where it was the end of the game a score was made and then they pulled it back it like truly truly truly truly the cowboy should not have won that game.

Absolutely ridiculous. Um the they they should have like I do refs ever get fired? like if you make that bad of a play can you get? Does anyone know that like can you get fired in the NFL Brown's going to win at all I mean Flacko is turning it on God I Love the cowg girls, Do you think the refs are dirty? No I think they're humans and made a mistake I Don't think it was like um Rel like relating to being bought I think they made an honest mistake and it just so happened that the mistake cost them. Uh, they don't typically get fired, they just get banned from doing playoffs and Super Bowl games. Okay, so it's more of like the higher quality refs.

What? like you get selected for the higher quality games Mickey Mickey on Soul fire after Disney lost its rights? Well it's just the the patent period was off or whatever the copyright period. So that original Mickey Mouse is now in the public domain and I see that people are already making like horror games related to it and all that. It's pretty funny. Uh, the same thing happened earlier this year with Winnie the Pooh Like after a certain point it becomes public domain so then anyone can use it.

The rest had their own parlay ref doesn't care enough to make or NFL doesn't care enough to make them full-time employees. Nothing will change. I mean they obviously should. I mean the NBA uh, seemingly Does It Better like the way like to help with I don't know.

Kind of enticing them to be better at their job. but I'm sure they still get paid a lot right? Like they have to. I mean you have to pay them enough where they're not going to just throw every game for betting because betting has become so prolific. All right.

I'm just marking out the Inay highs and lows now that the opening session is H pretty much complete. Here's a quick look at the options: Market actually getting a bit more bullish so price action flat dump picking back up and it's picking up as options are picking up. What's interesting is we have um I think there's a lot of options action going on around 4700 and once again, that's for the SPX uh which is currently trading at 4742. Uh, technology was dragging the market down, so obviously things in pretty much every other sector things were either holding or looking green this morning except for Tech Energy looking great, financials looking great, utilities looking great Industrials looking good Healthcare looking good.

Everything's looking good except for Tech So this probably all is somewhat relating to maybe the rebalancing of people with the Magnificent 7 cuz they made so much money in 2023 that they at this point they might literally just from like the rules of their fund be forced to like kind of rearrange things. It might have too much of a percentage representation from Individual equities because they grew so so much, but Tech have a rough rough morning. Uh, they say this is the worst ref season since the replacement refs I I wouldn't be surprised I mean there's uh I don't know the exact In-N-Outs I'm not like the biggest Sports dude d uh but I like to pay attention to it I like to gamble on it. Um, but I've been reading just of like the amount of like CLE like I don't know I guess there's some sort of like post game review process where they kind of quantify uh, the quality of these refs and I guess like as you're alluding to uh, definitely some weakness.

um weakness weakness. The average salary of the NFL ref is $25,000 over 200k a season and they're not even full-time employees. College refs can make up to 300K a year I'm sure the ones that are getting selected for like the playoffs and whatnot are probably getting highly highly rewarded. All right, Let me put up some alerts just so we don't miss the breakouts and breakdowns.

Um, obviously the tech sector looking particularly weak and then the spy uh, being an amalgamation of tech and many other sectors, all these other sectors are looking good. so it's kind of the Battle of Tech versus everything else this morning. But anyway, um, on the five, the 10 and the 30 things are still looking bearish on the S&p500 Uh, and then also in the NASDAQ 100, 5 1030 things are still currently looking bearish so more of like a short-term type of discussion there. Uh, there is an upside Gap fill on the Qes to 4758.

There is an upside Gap fill on the Spy to 47330. Maybe it's looking to tag that we'll have to see. Uh, but I'm just kind of calling out the recent highs here a little bit later I Want to get into the what's just going on with crypto crypto. Uh, it's actually looking a little bit weak now this morning.

but overall had a pretty nice pump this past weekend. Oh now the Spy is going back to vomiting spy is going back to vomiting. Uh, don't forget. check out Apex Currently 80% off.

this is the code you could use to get 80% off. tpmb TPB mg lus you know I reached out to them I was like can you make it mad? can you make it Kors can you make it Moon gang can you make it goon? can you make it something that's easier than this random Shing and they're like nah brother we are we already made TPB mgl which means nothing and I was like but I think more people would remember it if you made it Matt like just mat like we can't do that man we that they like they hit me with there like there's some things science cannot like handle and that's where it was at. pretty much where they're like dude it's just that is completely outside of the world of technology and what we could do right now. Um wow, just checking in and saw hel cor's South Park Alternate World what's the story on BTC Proxy SQ Block it's down but MST is way up.

Well MST is going to be way up because they just own so much Bitcoin Uh so Micro Strategy: The company founded and formerly run by Michael Sor Michael Sailor, a billionaire who loves Bitcoin He loves it so much that he kept loading up like so the company's money. Mstr Micro Strategy: They literally just own a bunch of Bitcoin like billions of dollars worth of bitcoin. Um, so whenever Bitcoin goes up, Mstr is going to go up because it's It's effectively an ETF for Bitcoin. Now obviously there's other business things to consider, but proportionately the actual business, the revenue.

The Profit The loss is very small relative to the profit and loss from their Bitcoin holding. So if Bitcoin goes up, Mstr goes up. If Bitcoin goes down, Mstr goes down, it's it's a effectively In like in a pre-existing ETF. For the world of Bitcoin, it's basically a spot.

Bitcoin ETF Um I Don't know what's going on with Block though. What's the story on the BTC proxy? Square Block it's down I Didn't think Block was Block