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The Matt Kohrs Show
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#LiveTrading #Stocks #Crypto #BreakingNews #META #AAPL #AMZN #GOOG #Google #apple #facebook #amazon
RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Foreign, Foreign foreign Thank you Hola Me: Amigos I'm not really sure I think that's what I learned back in Spanish class. Uh, this is the new Spanish version of the show. Apparently that's what we're going to be getting into I Hope everyone's having a fantastic morning I Hope everyone had a phenomenal evening and I hope everyone was just kind of really being stoked about the fact that, uh, maybe made a lot of money yesterday. um I I by no means made a lot of money yesterday, but I'm I mean I think I locked in 1.7 K yesterday on the small account I mean basically made 20 on the account in a singular day after the insanity of the Fomc meeting.
so that was awesome. Absolutely awesome. And then I lost 25 bucks on a parlay in the Celtics game I don't know if you guys watch the Celtics game, but um, uh Jason Tatum scored one more Point than I wanted him to I think he got like 31-32 and I needed them below 30 and a half so that's a little bit iffy. Um, so if there's any sports gamblers in here, maybe cappers, whatever that means a Capper reached out to me yesterday and I've never heard the term before.
Um, but hey, if you guys actually know about sports and you're like dude, no, like I legitimately gamble, reach out to me. my sports gambling account has been going to the So I would I I would love a little bit of assistance I'll help you by once in a while being funny like once a week, I'll be funny on stream and you can help me by not continually blowing up my sports gambling account. Fun fact about me: I was thought: I bet 200 on the Bengals winning uh or covering like plus two. uh which they didn't and I was like ah, whatever that sucks I'll make the 200 back Easy peasy lemon squeezies.
uh and then I found out that I bet two grand on that instead of 200. So I didn't lose 200 I lost two grand. So yeah, I'm in I'm in the sports gambling hospital at the moment. and if you guys actually know about sports because I don't know about sports, uh, let me know, Let let yeah, yeah yeah, this is my official cry for help.
but hey, maybe I'll be able to help you out in the market and at minimum, well, I'm gonna be able to help you out. It's just basically I'll either give you good ideas and you go with me or you'll realize that I give you bad ideas and you'll inverse me. So no matter what, there's money to be made off of what I said, you either just go with it or you go against it and that's up to you to decide. Um, people are saying it looks like I'm going to prison.
No, this is my coach course. like we're coach Coors Today right here Coach: Kors We're going into the coach mode. Actually, where is my visor? We could do a full coach course type of a day today. Um, but no, we're this is coach mode.
I I figure why not? Yeah, we're a little bit educational but I think I need to be more coach like coaching. So I put on my coaching Jersey Today just to get everyone in the zone. everyone in the zone. So we're going to give good life advice, good trading advice. We're going to give all the advices, legal advice, nutrition advice. We're doing it all Today we're doing it all and I just want to I Want to get everyone ready I Want to get everyone ready today because it is a big old day in the market. Uh, yesterday was not with the Fomc meeting. Then we have Meta reporting which absolutely destroyed earnings that stock is ripping to.
Kingdom Come So congrats if you caught Meta. Then today after the market closes we have Apple Amazon and Google Then tomorrow we have the unemployment report. So like when I got up this morning it hit me like a train that I need to go into full coach mode. It hit me that I need to absolutely go into coach mode and get you guys to play like this is our Super Bowl This is our game seven of the Series championship.
This is it. This is it. This is it. and I Just gotta get you guys mentally and physically to where you need to be.
Obviously I've been taking care of the physical stuff lately. Shout out to Brick House for getting everyone a little bit more. uh, higher quality nutrition. We've been talking about stair steppers I Know all of you guys in here.
You could run for Miles You could run for hours. You could run for days and days and days because you got your physical ability your cardio ability to that level. So the final thing I need to do for all of you is get your mentality there for the Big Game For the Big Game. Part of the Big Game was yesterday.
Part of the Big Game is today part of the Big game. It's kind of like a never-ending big game if we're honestly gonna be truthful with each other. like if we're gonna see each other eye to eye. Um, it's very much.
A Continuing Big Game and it's like today's the Big game, but also tomorrow's the big game. and then it's halftime on the weekend when the markets are closed and then the big game restarts. It's like one of those vibes. You get it.
You guys get it. and if you don't get it, maybe this is just not the right spot for you. I feel like the red on the cameras not really coming off as much as I wanted to like. it's coming across a little orange like I could see how it looks to you guys but in real life this is a much deeper red.
um a much deeper red. All right. hang on one quick second before we get into prep today I do want to find my visor just so we like are really really getting across with the whole coach Vibe today. so hang on one quick second, one quick second.
uh nope, that's not what we want all right. Uh, give me two minutes I just need to find this visor foreign all right. And fortunately for me also this whole coaching and stock market stuff doesn't work out I am already ready with the uniform to be the best cashier at McDonald's I could possibly be. so it works out it's a twofer.
it is absolutely a twofer Sir this is a Wendy's and the best part about this today is um the best part about this is Mike from TTG is going to be coming on and like I feel like just every time he comes on we're screwing with him so hard he's gonna come on and just be like dude, what are you possibly wearing and I'm gonna tell them sir this is a Wendy's and then what I need you guys to do in here is because I think he likes to read the chat um I need you guys to help me Gaslight him please be like no seriously man, this is a Wendy's if you look like a first-year offensive coordinator. If you're saying I'm offensive, you're right. You are 100 right? So Coach Cores, Coach Cores Vibes Today we actually have a lot to go over I Don't know why I'm screwing around this much this morning I Don't know I guess I'm apprehensive for that. Bell To go dingy ding ding ding and I just like I like this part of the day just because I get to mess around, we get to chat. It's like low stakes. we're just having a good old time. We're just vibing in here and I'm always a little hesitant to like really get going with the show because it gets all serious and you guys are all like I want to make money I don't want to lose money, no more fun and I just want to have some fun you know I don't know I guess I'm just trying to hold on to the good times, just trying to hold on to the good times before that Bell goes Dingety ding ding ding. Here's your venting hash browns.
Must have made a killing yesterday. I did make a killing I didn't kill someone YouTube Just to clarify, but I made a killing. Uh, if you want to fight shorts, then Gns is away. It's interesting that you think that.
why do you think that Greg feels like it's a pump and doubt you can make a lot of money out of Pump It Up But I think you're sorely mistaking if you think that Gns is gonna fight the short. A company that no one's ever heard of ever Matt Killed a whale the illegal ones too. Me here for relationship advice anyway. Man versus yard I'll I'll coach you today on your relationship Costa Borrow is way up past 500 for AMC Yeah, but the Market's not even open so you shouldn't really be looking at the intraday Costa bar until like the market actually starts trading.
it's super low volume right now. Uh, hat size is an oldie but goodie and hat or below is never a good thing. And a hat or below I Don't really get the point of visors like generically like who saw a hat very honestly, someone needs to explain this about visors to me. who saw a hat and they're like I like that but we need to cut the top out like who in the right mind thought man.
I Really need to block the Sun from my eyes but I also want the top of my head to still get sun I I Just don't get it. I Don't bald people wanting to get a tan but it would still mess up like it would be the most awkward tan ever. Sweaty people golfers. but why not just a normal hat golfer? Like? why would a God I don't buy that at all because one of the golfers just want a normal hat. Like what is the advantage of just like not having any fabric right there? Rich Tennis players, people with a conehead. it's a it's a conehead situation Oh, this is kind of stretchy. normal golfers wearing normal hats I Am one people with dreadlocks. oh the dreadlock.
longer hair I would honestly women I Was just gonna say Logan gets it. Maybe women were like, well, hang on. We want hats but we want our hair to pop out because we can't fit it. He escapes through the head, allows more heat out, keeping you cooler.
Okay Mr Science Man, that actually sounds pretty reasonable. It's for dispersing Heat That's not the only thing in this world that disperses heat I don't know where I'm going with that I Just wanted to say it. Here's for heat dispersion. Look at you guys and your laws of entropy and whatnot.
You look like a bingo referee. Fun fact: I Am a bingo referee. All right. Maybe we should talk about the market because that's why you guys are here and we're not allowed to have fun I Just know someone's watching right now and they're all.
Grumpy's let's talk about stocks and I get it. I Want to talk about stocks too? but I also just want to have a little bit of fun. A little bit of fun. So I'm sorry I didn't mean to piss you off, but we're I'm going to be sitting here for hours I Sit here from nine to four.
Just give me this one team. Just give me a little bit a little bit of something just to talk about like I'm here for hours and hours and hours I'm sacrificing like the posture of my lower back and I'm reading all these articles about how sitting for so long is bad but also standing for so long is bad and then sometimes I get stressed out because I have business meetings I can't take them till after four and I even have one of those today and then I always get into the meetings groggy because I just spent the last seven hours talking live to all of you and then I have to get into those meetings. It just gets. it gets all stressful and then I have to go to the gym and I'm a little fatty with poor cardio so I end up crying on the stair step or even though I just tell everyone it's cardioshes and I'm like no, I'm just breathing hard and then they're like why you're why, like your eyes watering and I'm gonna get sweat and like it doesn't look like sweat.
it sounds like like and it even sounds like you've been crying and it looks like you've been crying and I'm like no, it's wet, it's just, it's just okay. Just no one gets it. No one gets it. Anyway, here we are: the NASDAQ 100 Futures Rise As Meta Surges on Quarterly Revenue B If you didn't check out what happened with Meta, the artist formerly known as Facebook it destroyed on earnings and right after the market closed yesterday, we kind of watched the craziness of it and it just kept going. What was weird to me. Side note: very quick side note: even though thus far this entire show has been a show of side notes, maybe that's the name of the show should we call this matte? Side notes: Market Side notes each and blowing up on tilt tilt tilt Trading Tilted tilted cores the Tilted the Tilted Rumblings of a loser I Don't know, these are all reasonable names. These are. these are all reasonable brainstorming names.
But anyway, uh, we're watching Mana And right before the report came out, it came out at 405 and at 403 404, there was a a push of volume that favored the Bulls. Like there, someone started buying and then the report came out and it ripped even more. And is that just a lucky bet? Potentially. Or did someone know? Probably more? More likely.
So we're going to be getting into that. But uh, just so you know the doubt, the S P and the NASDAQ are all currently red or excuse me, the opposite of red oil and yields are red. but we're seeing the market continuing its strength from yesterday, which we had a big explosion to the upside after that Fomc meeting. Before we get into all that I want you guys to know that? Unfortunately, we do have six more weeks of winter.
Um, uh, apparently this Groundhog is now deciding all the weather there for us, but Punxsutawney Phil it is. Groundhog Day And yeah, we are going to have six more weeks of winter even though it really doesn't feel like we've had much of winter now on this February 2nd Punxsutawney Phil see her of Sears was awakened from his wintry nap at dawn on Gobbler's Knob Phil looked to the skies and then speaking in groundhogies directed this President Uncle to the proper scroll which reads: I see the morning has brought the finest people I see their bravery and spirit. the time has come I can feel it the excitement I can hear it I see the folks with gray in their hair and I see the kids all young and scrawny, their eyes and cheeks a glow from the cold, clean air of sweet Punxsutawney I see that everyone knows their part and I am merely the sage. Very eloquent I see a shadow on my stage and so no matter how you measure, it's six more weeks of winter weather.
A very mystical eloquent groundhog if you will. Um, so that's it, folks, That's it. Uh, I'm sorry to let you know that you might have been thinking that Winter's over and we're ready to go. but no, the mystical word Smithsonian Groundhog Punxsutawney Phil has decided six more weeks.
so I feel like that's probably pretty important for all of us. You know what else is important? Earnings: Yesterday we had Meta which crush it. We will be going over that. and I also want you to know after the market closes today, 4 Pm hits, it's after that we're talking.
Amazon Apple Google Ford Qualcomm Many many important ones. Obviously the top three. A lot of people are going to be paying attention to those. so get ready. The party's not over. We are. just we're in the game folks. And that's why I'm coach course.
I'm here to coach you through the entire game. Coaches don't quit on their team. I'm not quitting on you guys. We have a lot more to go through.
but let's talk about what happened. A quick review of the last inning if you will. Meta shares soar almost 20 on Fourth Quarter Revenue Beat! If you haven't seen Meta, uh, you're gonna need your binoculars because this thing is ripping to outer space. So right here there was a massive gap down and people were like what? and since then it's almost doubled.
Not only is that like 75, Um, well, no, it is actually doubled Now on pre-market trading. From that dip, we're all the way up to 184. right now improved. Market Trading: it's up 20.
and not long ago in November we were at 90. so it's actually up over 100. Meta, one of the largest companies in the world, is trading like just like a meme squeeze play right now this thing is just ripping to Kingdom Come did anyone in here get a piece of this because I want to hear it I mean I don't really play earnings so this wasn't my style I mean I Guess from a technical standpoint, you could have gotten in here on this like breakout if you're a swing Trader at 124 but seriously massive. Congrats to all of you I'm up 10K in the month of January Brennan's crushing it Trex got a piece of it Trex has always been super supportive of Meta.
Almost makes me feel like Trex is Zuckerberg I feel like Zuckerberg might be spending his days in here under his Anonymous account tracks and he's just like pumping up his own company and it worked for him. He made a shitload of money Cassian making 2K 170 calls or 170 strike price calls. Dude: good for you guys, good for the Meta gang. is it Trex or T-rex it's both.
It's T-Rex tracks. he is a T-Rex named Trex It's T-Rex tracks or Trex the T-Rex or treks of the house T-Rex all them are viable. All of them are viable Matt I was scalping spy and had puts too long down 3K Jason It's only a bad trade if you didn't stick to your plan. If you set your plan, it just didn't work out okay.
maybe you need to update your plans, maybe collect a little bit more information on. but if you didn't stick to your plan, that's the issue right? There is: what was your risk, what was your reward? What was your methodology. But anyway. I Just wanted to point out that Meta is taking the Bears to the Wood Chipper it is.
Have you guys seen that the trailer for that new movie Cocaine Bear? Um, Meta is apparently the person who comes in and just beats the out of the bear. The big thing that happened here is like their earnings were good, the revenue came in they beat. But the big big thing is and well, even all like, look at this. They're daily active users out there.
monthly active users. A little bit down, they made more than expected a revenue per user. Kind of like telling Snapchat that they just suck at what they're doing because Meta was able to make quite a bit. Um, but the big thing is here, they're also doing a 40 million dollar buyback excuse me, billion with a B 40 billion dollar buyback. Meta's year of Efficiency was everything Wall Street needed to hear from Zuckerberg Meadow Reported better than expected Fourth Quarter Revenue After the market closed on Wednesday the stock jumped on sales figures and on his CEO Mark Zuckerberg's comments about the company's cost cutting measures. Our management theme for 2023 is the year of Efficiency. The market loved it. But what's kind of awkward is yeah, Meta laid off 11 000 employees to save 1.4 billion in a year so it can do a 40 billion dollar share buyback.
Now from a market perspective, this is obviously very, very bullish. Very bullish. But imagine being one of those employees. Imagine understanding that like let's say I don't know I don't know what their average salary would be.
Let's just say it's 200k. You get laid off and then you find out that the company has enough money to buy Back 40 billion of its own Equity Like that's rough. Like that's actually a really really rough break. But once again, I hope there's no ex Meta employees here if you are.
I Feel for you. But for the people who are bullish on Meta or have been bullish on Meta especially over the past quarter from November until now. Congrats Congrats! Congrats like they Brennan You're right. they did get replaced by share repurchases.
They save 1.4 billion and then what? Almost 30 x that amount? They're like we're just gonna buy our own share back Like dude based on this I feel like you could start hiring some of those people back the amount of money that Meta made on buying its own equity and then this rip percentage-wise I don't know if it uh so it can do at 40 like? that's just that's brutal. That's that's a tough tough break. They're not the only ones oil giant Shell post highest ever annual profit of 40 billion. Um, obviously I'm not playing Shell.
but I am still bullish on oil. Oil is taking a little bit of a retraction after it gets smacked at 82 a barrel. but I'm still in the medium term. bullish on it.
Um, I'm in that Oxy position I'm holding I'm basically waiting for oil to get above like 100 110 120 per barrel. which I do think will happen sometime this year. Not an active trade, not a long-term investment. I'm gonna be in this for a handful of months, but I am bullish on oxy and I have the position.
and when I see things like this, uh, other companies within its cohort doing well, it makes me feel pretty solid. So I mean Shell like highest ever annual profits: 40 billion. They're also doing a 4 billion share buyback program just so everyone knows they're so similar. Tune out of uh that we heard from Meta as well. Now, even though this isn't necessarily earnings I do want to point this out. Adani Losses: Uh, top 100 billion in Wake of Hindenburg research report. So we've been kind of following the story of the thirds. The world's third richest man.
Adani owns a he's a man out of India and this is where Adani the company is run and operated. They have many other things under their whole corporate umbrella and they were about to go do this like public offering and then the Hindenburg came out theirs and they're like hey, we're shorting it. This is why we're shorting it. It's fundamentally overvalued and we also think that they're like very nefarious actors who have done a lot of illegal things.
And it is adani as a company is just dropping, dropping, dropping. uh, the owner Donnie calls off the 2.5 billion Equity sale Has regulatory concerns grow? This situation for Adani is getting worse and worse and worse. They didn't properly respond to any of the accusations, they just said no not true and then didn't give any proof or anything like that. And if you look at the stock which it does not trade in the U.S market, but you could still get it on things like training view, it is just diving and Diving and Diving and Diving and they're just probably handling this in the worst way that they possibly can.
Twitter will start charging Developers for API access as Elon Musk seeks to improve monetization so just want to throw that out there once again. Twitter Didn't have earnings yesterday or anything like that doesn't have it today. I Just want to bring it up because Elon we're talking about world's richest people and also right now a Twitter has been kind of a hemorrhaging money for them, but maybe he turns it around I Think one of the best things Twitter could possibly do in terms of improving the value of Twitter as a business even though it's now a private business is actually releasing Vine to the public. especially if Tick Tock gets kind of blackballed here in the US I think Vine another short form looping platform coming back out I Honestly think there's going to be a lot of opportunity there for Twitter Now on top of all the individual Equity well updates I suppose and the earnings and all that good stuff in terms of macroeconomic events, Yesterday we had Fomc.
We will be kind of doing a breakdown of that today, especially when the head Trader from True Trading Group comes onto stream. Uh, we're going to be talking to Mr Michael Edwards and then uh, today we had an additional jobless claims. Came in at 183, they were expecting 195, so not that big of a change. Uh, but the main thing I want to call out is tomorrow 8 30 a.m We Get are getting non-farm payrolls? Uh, obviously with the Fomc, this is going to have a big impact on what's going on with the FED what's going on globally there England right here the B of E Bank of England their Central Bank uh hikes rates by 50 basis points so they're playing a little catch-up to us so lots of stuff going on a little bit later. Ray Dalio won a legendary person on Wall Street he was on Squawk Box had some interesting input that I want to go over with all of you after the Market opens. So The plan here is basically watch the market open for the first 10 20 30 minutes just to see any or all of the insanity and then I want to kind of take a break uh, from watching the markets. kind of maybe paint the picture for like where we are in the medium term and what some of the big players are thinking. Then we're going to do kind of a quick chat, fireside chat with Ttg's head Trader and then I have some special stuff planned for you in the afternoon and then of course that'll lead to Power Hour and hopefully throughout all that, we are making some serious money.
So that's pretty much the situation for today. We see the Spy is continuing to rip. uh I have Tesla up in the top right I have meta in the bottom left I have apple up for right now which is also still ripping higher and higher and higher as you guys can see especially because remember Apple reports Amazon reports um is Amazon doing anything like everything just seems to be ripping seems to be ripping seems to be ripping. And speaking of ripping I kind of wanted to try a certain trade I wanted to try a certain trade which I need to execute.
Do you guys remember way back when when we were doing those degenerate Market open trades I kind of wanted to do one of those today. Order filled all right. So I'm just getting the order in before and we'll see how it goes. We'll see how it goes.
We'll see how it goes. Um, so the market should be opening lickety-splickety Duda uh uh. let me get this all ready. I'm seeing if I could just play some of this morning opening volatility.
especially because things have been so incredibly strong. Let's see, let's see what happens. Haven't done one of these bad boys in a while, but just playing some Market open craziness. Got my position filled at night and let's see what happens.
Is it gonna push my way or is it gonna rip my face off? The market just went dingety ding ding ding. And where are the buyers? Uh. I'm actually surprised there wasn't much of a pop of volatility at all. What? where? I Just thought we would see way more volume, way more volatility.
Where are we today? team? Where is the market today? I Guess I need to properly set up a stop loss? Uh, where does my stop loss need to be 75 I Just need to set that up. so I don't they don't pull the position on me? Uh, very surprised of the lack of range of the minute opening. Very, very surprised. Wow.
I Just thought after the craziness yesterday that we would see like some sort of like just big crazy movement with Meta and then the excitement with Apple. Yeah, it's almost like the market forgot that it was opening or doing something today. Uh uh. interesting, interesting, interesting, Interesting. Well, we'll see how it goes. I just threw on this arbitrary trade that I thought it was going to get out of like within the first couple seconds of the market. but uh, I guess not. Instead, it looks like it might be just destroying me.
so we'll see how that one goes. Wow. I am thoroughly thoroughly, thoroughly surprised that there just wasn't a big movement on minute one. Uh, kind of awkwardly waited for a minute too strange.
strange things. Strange. Well, all right, I'm still gonna hold this. but I want to switch back over just so you guys can see this a little bit more clearly.
Uh, especially because I know some of you are trading Meta and I hope you continue to crush Meta. What am I doing here? What are we doing? What are we doing? What do we do? and what are we doing? Did they change the margin from yesterday? because yesterday with the Fomc meeting, they stopped all day trading margin rates. Um, but it looks like they are. Uh, back to where they need to be again on the Futures Market at least for the brokerage that I use.
Um, we have AMC above six dollars. It was 6 30 this morning but a little bit of a smack there. we have 6 30 down to six up to 615 we have ape that has gone from 276 to 284 so up 27 cents we have Gme that is up 2.72 percent. We have s I that is somehow climbing SI is up 21 which will always always always blow my mind.
Uh I'm not a fan of Si by any means. Rum is continuing to hold above ten dollars which is amazing. Uh I think the longer it holds above 10, it is just increasing the statistical likelihood of rum. uh, evaluating that next key level at 11 Oxy hanging out at 63.
oil hasn't been performing the best lately. Oil at 76 a barrel, uh, getting smacked at 82. but maybe that can make some sort of recovery. You have Tesla up three percent on the day, almost making a run to 190.
it hit 180 88 this morning. So Tesla showing showing what it can do. we have Microsoft up 2.8 percent trading just below 260. you have Apple trading at almost 150.
there's quite a bit of strength. Um, it looks like Meta is giving back some of its phenomenal gains. So like even though this doesn't look the best, and like intraday trading, it's come down from 184 to 181. please understand that Med is still up 18 percent 18 which is just absolutely crazy.
Absolutely crazy. Um, all right, where else are we we have? The cues themselves are up 2.4 Whoa. What just happened? What was that? smack? Weird 934 smack this morning. Uh, very very strange.
Actually almost got me stopped out. What was that? Weird. burst there at 9 34. that was strange.
You guys saw it. It even happened in the queues. Uh, some something weird happened there. someone was I don't know if it was a fat finger mistake or if they just like sold a big position or I don't know, but we're seeing it in the queues as well. Right at 9 34, it wasn't like there was announcement or anything. Uh, maybe just a little quick stop loss hunting to the intraday low. maybe before rip. I'm being a little bit biased because I'm long on this just because of how strong everything's been.
Um, still thoroughly surprised. even at minute one. with the most volume of the day, the range of the first minute candle surprisingly low. surprisingly low.
Um, but let's see what the Day brings us. I'm I'm still expecting fireworks pretty much all day today. all day. Tomorrow we'll see how crazy things do or don't get.
uh, coinbase ripping Carvana Halted. Oh man, there's just so much craziness going on. Uh I know the CEO of Gns was this one's up 25. Uh, but it looks like it got Halt And now people are talking about Carvana.
There's just so many movers. Uh, halted. To the upside: Fun times. Fun times here.
Uh what else is big I mean SI is up 25 you have ape up 11 right now you have AMC up 6.5 percent you have Tesla what's Tesla gonna end up doing? Which way are we going here? Which way is the Spy going to end up going? Gns is halted so we can bring that up later. We have the dollar popping this morning, but it's been pretty beaten up lately. I Mean yesterday, we saw a big drop off in the dollar. Big old drop off in the dollar.
All right. What are we doing in the Spy Is the Spy going to be able to turn things around? Uh, awkward chop? almost bar coding chop. Not a clear opening. Oh, speaking of the opening, the market internals are actually bullish.
We opened up in. uh, not absurdly bullish, but definitely bullish. Uh, thus far for the opening, probably obviously being helped by the hyper success in Meta's earnings recently, the absolute dominant performance that we saw out of Meta. Oh brother oh brother oh brother oh brother oh brother.
what are we doing here? Mr Market Uh, If for those of you looking on the daily, here are some of the key levels, there's the downside: Gap filled. Did it technically get hit? The high was 413.67 Okay, we did get the Gap filled just now. The downside: gaffle on the Spy. We opened up above yesterday's high so we quickly got the downside.
Gap Bill. Um, and let's see if it bounces right off of that. Uh, obviously. I'm watching the resistance at 4 15.
415 is the resistance I'm watching. We did get this downside. Gap so already. so if you guys were playing that, Congrats to all of you! I personally didn't play it I probably should have.
uh, we also have support around 4 12.75 but uh, um, this is the region I'm watching basically between let's just call it 413 and 450. Below 413. Maybe there's going to be a little bit of a bearish wave, but above 4 15 that I'm watching for 17.25 But uh, for the people playing the downside gaffle. Congratulations to all of you because that literally just hit and maybe it's just going to be a downside gaffle to a rip. Maybe Maybe maybe maybe a little bit of choppiness. Then the Bears got a little bit of control and now we're seeing if they're still in control or what's going to be going on here. In terms of options, thus far, the calls are dominating it. Please understand we are only we are only eight minutes into the day, so there's still quite a bit of time in the day for that to possibly change.
Uh, let's see what Tesla's up to. Tesla's moving all right. Let's throw up Mike or Microsoft's taking a little bit of a breather. Let's throw up Meta just because it did have.
Oh, Meta is even bouncing back now. Uh, Apple reports after the market closes today, a little bit of a muted reaction. What about Amazon Amazon Popped and then selling? Uh, confusing opening, confusing opening. lots of whipsaw, lots of ripping back and forth one way or the other.
What are we doing? Market What are we doing? Try to make its decisions. Will it bounce right off of this? Gap Phil That is the golden question. Uh, if you're bullish on the market, just based on the minimal amount of Market structure we have intraday, Obviously, you want to recapture of kind of this early morning support of 4 14, 20 and then that sets up a test of 414.80 Obviously your risk would be the swing low which we just hit of 1360. but lots I don't know.
was kind of craziness right now. I Can recheck the market internals. Still bullish. not absurdly bullish, but favoring the Bulls if we check in on some of this other stuff.
Okay, even the current trends are looking strong. Current strings are looking strong. Let's It's basically, can it hold this Like is this going to be the actual bounce? Obviously, the larger time frames are looking good. Uh, just so you know, Tesla's ripping once again.
Uh, the I do have a Tesla position, but that's just in my long term account. Just in my long term account. let's see how this is gonna go. Oh brother oh brother, let's see.
let's see. let's see uh. potential entry. It would be a super degenerate entry, but potential because we did recapture that 4 14, 20 Level And once again, your risk would be that intraday swing low right here.
The low of the day, the recent swing low. Um, not much risk right now. And obviously for confirmation, you're looking for either the breakout of 14, 14, 4, 14, 80, and I Even better, that would be a new intraday high. But remember that 415 level is Big resistance not only in the ETF spy, but also it is perfectly aligning with some pretty major resistance also on the Futures market.
So we you never know I Mean if the Bulls have enough momentum to get above 14, this thing can really move. and who knows, maybe Tesla's going to be the one leading the way. Uh, Meta looks like it's picking back up right here on Meta I See a higher low? You're looking for the breakout of 182. Another potential opportunity. If it breaks and holds 182, you can easy peasy risk the 180 75 low, recent swing low, or the low of the day at 180 20 depending on like how conservative you want to be or don't be a Tesla looking phenomenal Tesla got above 190. it's ripping to 191. this thing might be going the next major test. There is some resistance between 195 and 197.5 and then after that you have the the key psychological and Technical level at 200.
But Tesla is not messing around. Tesla is absolutely ripping right now. Absolutely ripping. What a crazy day! Uh I Know with the overall Market here it doesn't feel like the most bullish opening.
but I'm seeing I mean look at these numbers: Tesla's up five percent Microsoft's up 2.6 Apples Up 2.7 you have Meta that's up 18 you have AMC up eight you have ape up 14 G me up 3.7 SI of 15 rums green it's up seven cents which is uh, about point seven percent. Uh, Oxy's red so oil is struggling a little bit. Uh, but these high growth plays the like. the tech plays are doing well.
let's see if it can hold, but is it really oil that's getting that smacked you would I would think by the just crazy success we're seeing right now, even on an intraday basis with some of these. High Flyers I'm surprised that there's not much more going on in the Spy I'm double checking my position I'm under water right now. Uh, based on just I got in right at Market open and we were only green based on Market open for a little bit. but I'm I'm hoping that we could form a higher low off of this.
Obviously I'm gonna be a little bit screwed and I'll have to cut the position if we go below 4 13, 60 I'll just cut it and wait for the next opportunity. but if we can just bend here and put in a higher low, it might start to look a little bit by like Meta high or low leading to kind of a small short-term cup And handle breakout. I don't know. You never know what the next bar is going to be.
All you can do is like ask yourself what is the risk in the current position Ask yourself the current Trend look at the market internals. Oh brother, Uh oh, what are we doing here? What are we doing here? What are we doing spy looking a little heavy looking, a little heavy spy. but Matt is looking good Intraday Looks like he wants to fight back, but is the Spy gonna smack it? Uh oh. Are we just going to continue with the lower highs low? This next low is going to be an important one.
Are we gonna make a fresh low? Is it going to be a fake out breakdown? or are we actually going to catch it earlier? The Bull's gonna step in earlier and push this back up above 14 14, 414. I Don't know why I keep saying 14 14, 4, 14, 20. Amazon Um, given way a little bit. Apple Apple's even holding um, text looking good today. The the cues are definitely looking better than the spy and even though a lot of the biggest Tech plays are some of the biggest plays on the Spy, remember, the Spy is a bit more diverse and has other things going on in it. Uh, definitely important to note. Definitely important to note. Uh, even.
Apple just got kind of double tap there. Double tap that high at 149.40 149.50 What's going on? What do we have going on early this early this morning? Um, the audio's off but my my play I just got out uh I set my stop loss. So right now I'm flat. I was long and open.
but the fact that we just made a new Fresh low I Just want you guys to know that I cut that cut it before it gets out of him. Uh, I'm still gonna look for an opportunity to go long I just don't want to ride down however long this might be going. Uh okay, let's see how this is actually going to go today. I'm still looking for that long entry just because who knows.
Maybe if everything starts to turn but like I it would need more time for all the internals and everything to turn to the bearish side. Maybe I'll end up going bearish. but I'm just gonna watch it. just gonna watch it.
and really what? I'm gonna watch out of the gate now now that we have some of the info is what is happening with this trend line. I Still see the bulls fighting on Meta Meta They tried to smack it but look at this you could feel that the bullish pressure is starting to pick up. You get the higher lows same like it just keeps knocking on the door of 182. um even Tesla it had a nice push there, it's trying to hold 189 I Would love to see that test of the 195 197.5 area Apple Given up conceding a little bit of ground.
Whoa what a day! What a day we have going so far folks. Oops sorry I missed some of these. Uh, could you check the AMC chart I just sent you on Twitter name Andrew LFC Just remember you're wondering yesterday why people cared about 30 cents increased test breaking out of two-year Trend Um okay. I'll check that out Matt Thoughts on Bbai.
All right. So hang on. let me just write these down. So oh, I like it.
Hang on I don't want to miss a century if this breaks I might have to enter. Hang on I'm watching this trend line. uh do I want to risk this? Obviously my risk would be the recent swing low. It's how many points do I want to risk on this play? Do I Do it? Do I Do it.
Maybe. Do I Want a close above this? This is the trend line. Hang on. This might be my entry of the day.
Um okay. I'll give it a whirl. All right. I Re-entered Long So I went long early this morning.
There was not that burst of volatility I was looking for. Um. but now that it's recapturing this trend line: I'm trying long again and we'll see how it goes. We'll see how it goes.
We'll try my luck again. Uh so I am long I'm long with my wrist just being right here. I like the recapture I like the fact that meta's popping. Hopefully Apple can pick up if it gets smacked here. I'm screwed. but at least I have well-defined risk. I Think on the daily chart the Bulls are in control if this is a fake out breakout. Ideally I just take a paper cut and that's the name of the game here.
the name of the game is keeping your losses small with favorable setups. And in terms of risk reward. Um, my first reward is 415 which is roughly a one-to-one risk to reward. but in reality I'm also looking that if we can get above 415.
Well, then we're talking a nice pop all the way up to 417.25 which is a very favorable risk reward. Do I know what's about to come next? No. I'm simply buying a breakout with well-defined risk. No one on this planet, whether they're working at McDonald's or Wendy's or Whataburger or whatever you want to call it, could tell you the next bar.
All I can say is I see a bullish breakout and I'm willing to take the risk of the current situation. It could be a fake out breakout and I'm gonna get screwed. That's totally possible. and that's exactly why I have my wrist closed.
My risk is about a dollar away and I'm looking roughly to a three dollar upside. So that's a three to one risk reward ratio. So as long as I'm like hitting those what a third of the time, I'll be good. Oh, that's that's solid.
So let's see. it's at Resistance right now. It's running into this: I Bought on the breakout and unfortunately, the breakout was right by Resistance. But we'll see I see Tesla is still trying to ballot it all out at 190.
I see that Meta actually broke out uh, or out of this kind of wedge that we were talking about at 182 already up a dollar. Since then, Apple has shown some strength and I see that the options Market is currently favoring the polls. Could all this change in a second 100? But the way things currently are. The snapshot: I See the market internals are bullish.
Uh, not the most bullish, but they are bullish. I Just need this recovery. If if the Spy can push the intraday high of this 415 resistance level, I think I'm going to be golden. That's a big if and obviously I want it to go.
Oops. I Want it to go that way, but we'll see, we'll see. Oh no, let's not get smacked and I wanted to write down what you guys were saying. what was that Bbai? So check B B A I and then the other one was to check Twitter right? Could you check the AMC chart? Okay, AMC chart.
Uh and then you sent it on. Twitter and what was your name? I Just don't want to lose this. Okay I got that written down just so I Don't forget any of this Just so I Don't forget. No.
come on. might get unlucky here. Might be if I might have got bull trapped if I did I'd prefer to pull this earlier rather than later. Uh oh oh oh.
do I want to pull this now? or do I want to actually just wait for that risk? The weird: We've had two weird jolts today. one at 9 34 and then another one now at 9 51. so it's not really in alignment with common announcement times or anything like that. Uh, so definitely representative of some like volatility. and Insanity uh oh, am I about to get Tapped Out am I about to get Tapped Out Who or am I gonna get saved? Hang on I think I'm I came very close to getting tapped right there, but that's also why we have our risk. That's why we have a risk set up. What is this? BS Are they going to say 413.50 Are we going for again? Is it going to be a bull trap? Bear trap? Bull trap? It's just trap trap trap trap trap. What Is this? What is this malarkey? What is what is this Absolute Malarkey Right now, in all of my years of coaching, I've never seen Malarkey at this level absolute malarkey.
It's just a fun word to say. I Understand why Biden says it so much I understand why Biden says it so much. All right, let's set an alert, an upside break alert which I would love to hear, and then we'll set another one just for a new intraday high Will be optimistic. put put out into the universe what you want to happen and then we're going to set a very scary downside break alert which we don't want to happen but I was just dancing with this trend line: lower highs they try to break it.
they tried to hold the Bulls did not have it and then someone smacked it with some sell side liquidity. but then some buyers stepped right back in at the intraday low. I mean were they just getting it down so they could get themselves a better fill? So we have potentially an inverse shoulder head shoulder. A really messy one on the one minute chart.
Here's the shoulder. Here's the head. Here's like the other oblong shoulder and we're gonna know if it's an actual I guess inverse head head and shoulders if it breaks above and holds above the neckline which is 4 14, 50. I see Tesla popping again, which should be good for the Spy should be good for the cues.
Apple's doing nothing absolutely sideways. In fact, it's a little boring. Microsoft Maybe that's one that could get going. Maybe that's one indecisive day.
I Mean you could tell that by the fact that it's just like hugging this trend line. So uh, thus far for the first I don't know. whatever. 34 minutes of training, 24 minutes? excuse me? Uh, the bear is a little in control just because we're still kind of seeing lower highs and higher lows, but feels choppy if anything.
Tesla is fighting like a madman I Don't know what's going on, but on an intraday basis Tesla refuses to give up here I Can't imagine where the Spy would be this morning if Tesla wasn't like just doing everything in its power to keep ripping. Even men is fighting back pretty hard to try to get to its opening value roughly around 184. Uh oh, is this it Is this the Spy smack where I get screwed. What are you doing? Come on. hold the trend line, hold the line. Hold the Line Oops there goes that alert. uh is the downside break I Didn't want to see I have a little bit more leeway to my wrist, but now I'm just thinking, do I want to cut it? How pessimistic am I On the current setup, it is looking heavy. but is it one of these things that they're just gonna? What are they doing? What are they doing here? Turn it around.
Turn it. Tesla's looking good. What's the dollar doing? This is it. This is the culprit right here.
The dollar is just showing strength on an intraday basis. If you look at the daily chart for the dollar, it's getting crushed. But intraday, the dollar is moving to the upside, which is not so good for the overall. Market Um, if you're bullish on the Spy right now, which is the bias I'm like trying to hold on to.
it's just how much pain can I actually take the dollar. Just keeps pushing. Unfortunately, look at this dollar rip. Um, once again, on the daily is getting pummeled.
Definitely getting pummeled on the daily. I'm just saying in this one day chart, we're seeing quite a bit of Rippy Rippity Skippity Doodah Rippity Skippity Doo-dah Rippity Skippity Doo Day Come on spy, Turn this around. Where's my one minute chart? Maybe that'll make? Nope. The One Minute chart does not make me feel better by any means.
just sideways chop. the very short time frame sideways chop? Um, in terms of the EMAs But then the candles are obviously to the downside. like we're just man. I Try to buy this breakout and my risk is about to get hit order field.
I'm out I Hit a new intraday low I I Pulled the rip cord man. All right. Got busted up on two trades thus far today, but let's see if we can make any of this back. Uh, definitely gave back uh, all of my gains from yesterday.
That sucks just to get busted up on two right out of the gate. Just so much strength in the dollar here. So much strength in the dollar All right, let's see, let's see what we could do the Spy Definitely getting smacked. What are we looking at I Don't know I'm still biased to the long side in the short term I Just don't see the advantage of shorting right here.
it's you're just going counter. Trend The only thing I really see is the dollar? All right? Maybe I just need to wait for a bigger dip. Maybe the name of the game today is wait for the bigger dip. This is getting brutal.
Look at that dollar. This is if you're wondering why things are really, really struggling right now. It's right here. It is absolutely right here.
Meta seems to not care. I mean I think this is this. Could really, really really get going if the dollar just turned. but it's not I mean Tesla try to be strong and try to get back.
then it put in its own lower high right there. Man oh man oh man oh man. All right I took a stab at it. This is why you try to keep your wrist close. Uh, so even though unfortunately my first two trades lost money, I'm still happy with them because I stuck to my plan I didn't let it get out of hand I like I wasn't just holding on to hold on for no reason I stuck to it I stuck to it do I like Rivien I think Rivian's fine but I Like Tesla far more than Rivian. it's just it's it's just way way more. I Guess further along and it's like just company corporate cycle. Okay, just gotta wait.
Gotta wait. There might be a little bit of, uh, some funkiness right here. 10 a.m coming around in about five seconds. About five seconds.
Okay, watching these two trend lines and then pretty much just watching this low. The first major low of the day. The dollar. It just keeps going.
That's that's hard for the market to over perform in a bullish manner when the dollar is doing this ever since 8 30. Uh, Spies is cracked. There could not hold this breakout. Godsmack Try to recover Godsmacked.
Uh. tapped. it's intraday low and then just cracked through it. Uh, and this is exactly why you just honor your wrist.
because I'd be weighed out I'd be down way way more right now if I didn't do that. uh, 413. uh, kind of supports. but the real support is right at 4 12.75 so you might see some sort of Bounce there.
Or who knows. maybe today is just going to be undoing exactly all the gains that were made yesterday with the Fomc meeting I was trying to play the current market structure Trend and obviously the Bears woke up and they chose violence this morning. So I'm going to wait a little bit just to see how things really recover here, but clearly we've seen lower highs lower lows. Uh, I as of now I'm still trying to hold on to my bullish bias just because I see what's going on in the internals I'm wondering if this is just a pullback to support and if it is.
I'll happily re-enter long if we get I'll try I'll definitely try for another trendline breakout as long as I can keep my support or my risk reasonable. Is this it? Wow, What a What a pop! What a pop! What a pop! What a pop! Might have just gotten shaken out a little bit or determined man Matt is still strong. Meta's not giving up. so we got out of the first trend line.
but now based on the second one, I'm watching somewhere roughly in this region the one minute robot is about to fire a Buy Signal Uh, probably at the close of this one minute bar. Maybe in the next bar. the three minute, the Stacked red, white and blue, the five minute stacked red, white and blue, the 50-minute Stacked red, white and blue, the 30 minute stacked red, white and blue um, and the two hour, the four hour. the daily are all red, white and blue.
So from a technical perspective, like a trend perspective, it is favoring the Bulls. Obviously things are bullish right now. Um, but that could change. The internals are bullish, but not as bullish as they were at the open obviously because things started to get hit. but I think if this starts to recover about 4 14 50 it could push I haven't re-entered I tried two Longs this morning and my wrist got hit on both. Uh, which makes sense because we've continued to make lower if I even get it now can I if I do get it now I mean my risk would be the recent swing low, but just how many paper cuts do I really want to withstand? Meta just took a hit, the Dollar's still showing strength. Um, haven't re-entered quite yet. just waiting just waiting trying to be patient for this entry.
uh, some Btcm, Bgcm, or text. uh, ever since Don video I appreciate that. Okay I put it on my watch list folks. Remember if you're gonna send in super chats um I I very much appreciate it I think that's awesome I would um if like I mean just as a as a company that I support more definitely pay attention to rumble and also they take less of a of a cut.
so like I see more of what you actually send. Understand that YouTube takes 30 even before taxes. so um whenever you guys send in a super chat on YouTube I see like 50 of it like five zero? Um so I'm if you have the ability to also be a do I want to buy this right here I don't know though the dollar do I want to try? Did the one minute fire so I don't know says feels ballsy, feels ballsy I haven't done anything I mean you'll hear if I do anything it just the three minute thin fire I'm not gonna base crazy these things off of the one minute just because there's so much chop. Actually the one minute refired is short and then just already took gains on the one minute wow rejected at V Wob Man maybe the Bears are I mean it's right here.
If you're looking for the explanation of what the hell is going on, you have it right here. The dollar needs to turn Mana cracked there Tesla Now lower highs I'm just like clearly we've been trending down 9 42. Like even right here 9 42 it pushed a little higher, tried to push it. This has been the trend and maybe if you got into it this morning, you're riding it well.
So I'm looking for that change of trend where I could get in with minimal risk and ideally ride the new one. Is this: It Is this Gonna pop it? Oh brother, is this our first higher low? Is that the reasonable risk I don't know quite yet I see Tesla I'm just not seeing any weakness in the dollar. No weakness in the dollar I'm hesitant I feel like this is like kind of a three strikes and you're out type of a scenario for me and I've already used two strikes. so I want to be confident about this next entry? Without a doubt.
the first strike was a little silly oh sing swinging at any pitch that was dealt to me. uh, but the second one I'm happy with. that was just a trade that doesn't go your way and that's probably going to be like close to 50 of your trades. So I'm just waiting for that opportunity that is perfect for this next one. I don't know. every time the market tries to pop I see it getting smacked and the dollar is remaining strong. Um okay. well while we're waiting this for this to develop a little bit more, I'll go over uh, some of the questions that people ask someone asked me about Bbai Big Bear what does this do? Package software always like kind of us.
Super Ugly Chart: so it's a spec play that at first no one liked. then it ripped, then it dropped. then it had a gap up probably on some sort of like SPAC related announcement drop. Uh, your last reasonable trade was to go along here on this breakout on the 25th.
I Don't know where this is gonna go I mean it's chart looks like ass. It's another AI play I guess. but it seems like the market doesn't like it. Seems like it's a better active trade than anything else.
Uh, Super Ugly Chart: It seems like a very difficult trade. like I think there's much easier setups in the market. Um, someone asked me about Btcm Bit Mining limited. Horrible.
This is absolutely awful. You have reverse splits. Uh, reverse splits. Yeah, Awful has good volatility.
I Wouldn't invest in this at all I Think investing in mining companies is really silly just because you're kind of betting on crypto. but then you also have the inter-business competition of mining company. So if you want long exposure to this, just go get Bitcoin But also kind of like the reason when this chart looks like looks like a very very difficult trade. Uh, don't try to do some like wild God like call Trade the easy Trend ones don't trade like that.
looks like this that looks awful I think you also wanted the or text on it btcm, btcm, btcm I Don't know why there was two there. uh, Btcm. short interest is not even that shorted. utilizations High Cost of ours not that high I Don't see literally anything special about Btcm whatsoever.
I Don't really like the mining industry because why not just get crypto itself? It's not that shorted. The chart looks like awful I I See no particular Edge when talking about Btcm I Just don't see it. Maybe you trade a different style that it has proven to be profitable for you. but I I just don't see anything there.
uh array And then someone also said you DM me um uh Andrew I Might need you to read DM me because it is not coming up whatsoever. Oh wait, okay, we got it. Oh you're just looking Twitter you're asking me to look at the chart Yeah, I mean I see what you're saying here? You just have I don't know you're using a trend line that only has like two here. it's above it but also understand that I don't know if AMC is moving on.
Technicals: I Feel like right now it's moving on. the current like situation with the SEC uh filings of like is the merger gonna happen or not? um so I don't think it's ever bad to know the current technical situation by any means. I'm a fan of that. but I think what's going to move AMC relates far far, far more to the filings and like, will it get merged with it? How's the market going to react to that? I wouldn't personally and I'm not I mean I'm just at this point kind of like invested in AMC and Jimmy and Ape and all that stuff. Um, but I think there's going to be more influence on the vote that comes up in about a month rather than like a technical breakout. I Don't think the big players who are moving the markets are like looking for breakouts or breakdowns on AMC I Think it's more of a fundamental analysis or their opinion of how the vote's going to go. uh, ape and AMC finally pushing back to double digits. Um, it's at nine dollars the combined value right now which is good.
but understand that's still a 50 drop from when Ape made its debut. So like there's a lot of people trying to talk about how it's done recently and yeah it has done decently recently. But if you ever look at from the creation of ape from basically what August like 22nd until now it went down from it, went from seven up to 10 down to sub a dollar and now it's climbing up to three so it has a lot to go. These are still net negative on any decent time frame.
Like anything that when you're looking at like a month or more I believe AMC and 8 are red. um and of course like you have to start. If you're going to turn and have a big rally, you have to start and turn somewhere. um so this might be that and I think that would be cool if it is, but I I would be hesitant of putting like the cart before the horse before we see like actual gains like I Think it's more exciting to talk about when it's profitable from the debut of ape.
which means it has a whole nother nine dollars to go. It has to gain a hundred percent. The AMC Ape do has to gain a hundred percent from this moment just to be where we were at before Eight made its debut. That's a big uphill climb.
Uh, also as Tess had been watching you for two years brother thank you Grazie Marcy Hey our Legend official Shout out. Shout out. Shout out Shout out Shout out Shout out Uh Matt sold all of his AMC Gme Is that a question? No, uh, you can see that I have it. it's That's exactly why I'm on Pro or brokerages such as public where you can publicly see some of my Holdings and some of my Holdings will include AMC Gme.
I'm even in that pior stealth or whatever stupid reason AMC Short interest: Uh, just above 20 hasn't really moved much man. the market is just reacting so so poorly to this Dixie Pop Wow. the dollar, oh that is still rocking I Just wonder if this is going to turn at all today. Like at all at all.
foreign, just getting annihilated. Hang on. Let me just want to watch some basic Trends see what's going on today. Just get in sliced and diced Tesla is trying to fight. the NASDAQ is doing well. The queues are definitely doing well, which maybe that makes more sense to play like use then because look at this. the cues are definitely looking better. Hang on.
Do I want to pull an audible and actually trade the cues today. Tradestation: What is the Uh trading station? I Might switch things up and go from the Spy to the queues because if I'm biased towards the upside. uh, it looks like The tech sector is doing the best. Okay, research might do a little bit of an audible here team might.
but I haven't traded this. Uh, Nqh 23 definitely representing some strength I don't even know. Can I trade one of these Can I trade two of these? Order rejected. No.
I cannot. Okay I Trade Sorry. I'm you heard that? I'm just trying to figure out this new contract I Want to trade the micro on this one or the the micro? What is it? Mneq I'm just looking up the contract name uh am I on the right contract doing a little bit of a mid-game audible here from Coach Cores. Uh, looking at just like the relative strength in the NASDAQ opposed to I mean here's the Spy.
Clearly the NASDAQ has been stronger. Meta: Oh, a little bit of a change in the dollar? Well, let's see what we could do. Order filled. Okay, Okay, well I went long on a contract that I have not traded in a long time.
So I hope I did this right. I very much hope that I did this appropriately. Um, so instead of being long on the Spy right now now, I'm long on the NASDAQ I bought this breakout risking the swing low. but I don't I'm trying to figure out the margin real time.
So I don't get uh like a date or a margin violation with them and they get pissed off and they threaten to Margin Call Me: um what am I trying to do I'm up right now I don't know what I did but somehow I think I failed successfully because somehow I bought it and I'm already up four hundred dollars and this is getting really awkward because I don't know if this is the proper risk I don't know if I'm have to risk more or less. All I know is I bought it and it somehow exploded and I made 400 bucks. So maybe I should lock this in beef four Something bad happens. This is just getting to the point of being awkward I don't know what I did and I don't I think I'm on the right contract I don't know about the risk though for this contract in the Futures Market depending on your brokerage every Futures Contract you have to risk a