An absolutely wild wacky and incredibly bullish day in the market. This is your market market wrap up for tuesday july 19th. I'm matt and we have a lot talk about we're going to be getting into the overall market. What happened there some very important earnings.

I guess announcements decisions that type of stuff. I have news related to amc. I saw something very peculiar in the ftd data as in there was a giant spike. I'll be getting into that i want to talk about the breakout.

We're kind of seeing in gme and there's other little odds and ends that i want to clear up and just so you know i did make some trades in day two of the 50k trading challenge up to 100k basically. I bought some puts because i don't know how long this market push is really gonna last especially because we're about to see netflix with their earnings go down in real time. If you like this type of content. Don't forget to hit the like button join up with the moon getting by hitting the subscribe button and other than that let's get to it as the dust settled on the trading day.

You can see was actually very very good day and i hope you got a piece of the action. Because i surely did not in fact i got my ass handed to me wall street rally gains momentum with the dow surging 700 points just for those of you who care about the actual macroeconomic announcements. Today. We got building permits and housing starts.

One hit one didn't so they kind of undo each other tomorrow. We get existing home sales and we have normal initial jobless claims on thursday. We have some pmi stuff on friday. The major news.

This week is earning announcements which we'll be getting into and also there's some big macroeconomics coming out of europe really the ecb the european uh central bank. But that's clearly having an impact we're seeing craziness in the overnight market but in terms of what's going on in the us. The big stuff happens next week. We have an fomc meeting the results come out on wednesday.

We get a gdp report. We have a whole host of additional earnings announcements once again. I'll be showing you kind of the breakdown for this week. But next week.

We're going to see microsoft we're going to see apple. We're going to see some big big name ones. And also all this kind of relates. It seems like recently more and more people are asking me for the fed numbers and chances as of now as at the time.

I'm filming in this there's a 64 chance of a 75 bips rate hike and a 35 chance of a hundred bits. Remember 100 bits. One percent is going to be much more hawkish. Which is going to put a lot more downward pressure on the equities market and also on the crypto market.

So that's pretty much the setup of what we're seeing right now at least going into earnings and i'm kind of filming this i'm trying to catch the netflix response in real time. Let's quickly check on this we are about 15 seconds out as you can see the spy looking good up. 27 percent the q is even better up. 31.

Percent the russell up. 35 gme holding above. 150 we'll be talking about that of 34. Amc.

Unfortunately in the red. But just barely so and there you go ding ding ding. The market is officially closed and i just want to see what's about to happen to netflix. I along many other people are paying attention whoa whoa.

What is going on this is all over the map already i doubt the numbers are out yet. It's going to take a little bit time to the numbers. And we're popping is this real whole. This is not good for me not good.

I bought puts this sucks are the numbers actually out that fast. I don't know if the numbers are going to be out that quickly this might be some pre announcement shenanigans. I don't think i buy it yet. I don't think the numbers are actually out that quick hang on i don't think this is it i bought.

Netflix puts right. Now. I think the whole market push today is a whole rug scenario. I have spy puts.

I have q puts i have tesla puts i have netflix puts these are all kind of interrelated yesterday. I was able to lock in 1k today. I didn't lock in any trades. But my unrealized gains was down about 10k in the 50k challenge against martin all right let's wait for these numbers.

There are other things that we need to get into mcconnell won't vote to proceed on chip's bill at this stage. This is all in relation to this semiconductor world remember everyone's like whoa in video whoa. The pelosi is loaded up on video. Whoa congress is about to vote on a procedural vote to maybe help that industry.

Well it looks like that vote is no longer going through as we're waiting for netflix's earnings. Just. So you know ibm had theirs last night not so good basically. They said because of the relative strength and the dollar and the relative weakness and really all other currencies.

That's going to really hurt the business could potentially end up costing them billions of dollars. Because remember that means if you're a multi national business with all of their currencies going down. While the dollar goes up that's clearly eating into your profit. Margins.

Johnson and johnson. And lockheed martin both reported. This morning and they ended up lowering their guidance right now you're sitting here with me in real time. Waiting for what netflix is about to say tomorrow.

We have tesla in united thursday. We have att american and snapchat and then friday. We have verizon among others next week. That's even bigger names microsoft apple and the likes of those facebook fomc meaning.

Gdp report. It's gonna be crazy ibm shares slide after company. Trims cash forecast. Once again this is the dollar going up relative to other ones.

It makes it hard to keep your same profit margin. When you're doing an international deal johnson johnson cancer drug sales help whether it hit from stronger dollar. So i'm bringing this up because you're seeing this isn't something that's commonly talked about because generally the euro and the dollar aren't at a parity. But right now you're seeing what happens when there's relative strength in the dollar especially to euro.

When you have these companies especially in the tech world. But any company that's a multinational business. If they are doing business in another currency and they have to convert it back to the dollar that will be eating into the profit margins netflix reported earnings after the bell here are the results what are the results down earnings per share. They beat on earnings per share 320 versus 294.

Their revenue missed 797 on a 8 billion global paid net subscribers a loss of 970 000 versus expectations of a loss of 2 million. If you're bullish that's good for you if you were bearish that's not good this is awkward well my position just got absolutely killed congratulations if you're a bull. I just didn't think anyone would be signing up for netflix. And i thought the loss of two million was generous maybe it'll turn around maybe i'll get absurdly lucky here.

But this is not good analysts are split on whether subscriber losses will be better or worse than netflix predicted some expected the company to lose as many as four million while others forecast was 15. But uh they beat all those and they only lost 707 970. 000. Excuse me.

So there you have it netflix beat. Which means my puts are going to be making me cry myself to sleep all right don't forget there are other earnings to pay attention to but in terms of the overall market beautiful. Gains. 266 percent the queue is up.

308. Percent iwm up 35. Now there is a little bit of news coming out of twitter. Delaware judge says she expects a five day trial for twitter versus musk as in it's going to be very quick.

And it also is now already set for october. So this is an expedited trial. So we're gonna get the answers of the whole elon tesla. Twitter saga.

All that very very soon uh. It's gonna be in october. It's gonna be a five day trial just for those of you keeping score at home. If you want to see what's going on with twitter right now.

Trading at 3955. And just so you know the price that was talked about per share. If elon is forced to buy. It is going to be around 54 20.

Now i also want to quickly talk about amc amc. Did not have the best day. But overall it's still in a nice uptrend. I was looking for that breakout of 1720 unfortunately couldn't hold.

But maybe it just needs to take a rest. I don't think that's the craziest. Thing i mean over the past. Week amc is up 94.

And over the past month. It's up 38. Not that crazy that the technicals need to cool off. But the thing i really want to talk about is the ftd the most recent ftd report came out 97.

Million. On june 28th. That is absurdly horrendous. The only thing more horrendous is the delay in which the ftds are reported to the public and the fact that there's no information around it you don't know who caused it or even their general business.

You don't know how it was resolved or anything like that we just know the next day the ftds somehow magically dropped to 281 million then magically dropped the next day to 191 million but overall relative to the free flow of 516 million this is a decent percentage that's big. 97 million shares that day we traded 3975. Million as in roughly 25 of the shares traded on june 28th failed to deliver that's insane. How do we not have an avenue to get the answers to that question maybe one day in the future.

We will with dave lauer and urban terminal good morning. We got a fun week ahead of us with urban terminal. They're actually going to be doing a lot of information related to locate ftds so hopefully in the future with the power between dave lauer and really the community supporting the terminal. We might be able to campaign to be like this is kind of the data that should be publicly apparent because in one trading day 25 of the volume failed to deliver that is not a working system.

I just thought it was interesting and most likely enraging to many of you paying attention to this now another equity. That's knocking on the door of a breakout is gme currently trading at 151 above that key psychological level of 150 trying to break out today. Unfortunately didn't get it. But it's coming soon and just for those of you who are curious about the numbers.

The short interest is currently sitting at 22 overall. It was a crazy bullish day and in post market training as i'm filming this right now we're seeing some. Strength i want to see the reaction to 39330 uh. It could obviously get smacked.

There and just continue to be range brown. It's a wide range. But arranged nonetheless starting on june 22nd. If it pushes above i'll then be looking for the gap bill of 40144 if it gets.

Smacked i'd be looking for the gap bill of 37905. Right now i would argue we're kind of in a strange time truly because last week. We got some bearish reports related to inflation. The cpi data today.

I mean yesterday. We had a big red day and then it was given back pretty much in the overnight session. We saw the dollar vomiting uh people are waiting for tesla's report. Which will come out after the market closes on wednesday july 20th.

It's a tough environment. It's a very volatile environment. So my reminder to you is in times. Like this probably scale down take a lesson for me.

Because i lost a lot of money that i probably shouldn't have lost today. It's okay to size down especially. When you're in such a whippy environment right now my fingers are crossed that netflix reverses course and somehow goes red. But just generically.

I mean you saw my reaction in real time and the information. I know about netflix. It seems like i mean it just missed on revenue beat on earnings per share. And the subscriber growth was very much the line in the sand and people were looking at that 2 million mark and it wasn't even 1 million.

So i think that explains why netflix is up an additional six percent after gaining 56. Percent today. But hey there's a lot of time between now. And market open at eight excuse.

Me. 9. 30. On wednesday july 20th.

That's what i have for you the market's wild. Remember always always protect yourself. I hope you enjoyed the video and i'll catch you in the next one have a beautiful day.