That's what we forget. All right, All right brother. Good morning, good afternoon, good evening, good night. This is the Power Hour Matt Core show for today Monday August 7th and I hope you are having yourself a Tip-Top day I hope you're making butt loads of money I hope you're having a lot of fun and I hope everything in your life is going perfectly.

Great and amazing. And just remember, if it's not, it's because you don't deserve it and maybe you should just be a better person if you're not having the best day ever. I Know we all are though. so like why even harp on that folks.

Bit of a boring day. Yeah, the market kind of grinded up throughout the day early this morning a bit of a vomit, but then Tech kind of recovered and we kind of started to push. I Had a couple good trades, couple bad trades. There's nothing really too special going on today.

so if anything, I hope you avoided the whip saw I hope you avoided the Theta Decay Carnage that so many of us suffer through. So yeah, I want to get into that I Kind of want to be explaining why I think the remaining of this week will be a bit more exciting than today was and in real in excuse me. In all reality, this is what we've been seeing all summer for the past one or two months. Every Monday's been kind of boring.

In fact, a lot of Fridays have been boring. The action's really been from Tuesday Wednesday Thursday So I think this week's going to be another repeat of that. Now this Friday I think is going to be a bit more exciting because we do get some inflation numbers later on. but today I Truly believe will be the most boring day of the week.

So I hope you were able to really survive all of this. Uh, there's a lot coming down the pipeline in terms of macroeconomic reports. and also from there we're going to be talking about some of the earnings. So like, for example, after the market closes today, we're going to be hearing from Palantir.

we're going to be hearing from Lucid. Later on this week we have plays like Disney Uh, Other than that, there are some exciting updates. We have some movement on Tesla What's going on with the CFO There we have some updates of what's going on with T-u-p So Tup is the squeeze that apparently keeps on squeezing. Tup currently up another 10 today, trading at 525 so there's going to be some individual things to get into.

I Also found a kind of an interesting story of how one particular short seller is a a shitload of money. absolutely crushing it. So exciting to kind of cover what's going on there as well. so lots to get into.

Now before we do any of that. uh I suppose I have a quick question for some of you and that's hang on. what's going on the market? Are we bouncing here? Are we not bouncing here? I'm getting weird alerts in my headphone and I just need to know what's what and who's who and how this is all going to be playing it out. Hang on.

Let's see if we could just get degenerate into clothes and see if I can somehow make some money. Um, definitely a dumb play for sure. But hey, it's my dumb play so maybe we'll get lucky here. Maybe maybe it'll be a little bit more lucky than I will be skillful and we'll see if we can actually post a bit of green.

A Bit of Green by Market close today? Why not? Um, so various things to talk about. Excited to talk about it with all of you. Um, I guess before we hop into it I see someone asking about PayPal Why is Paypal not an option on locals? PayPal is not an option on locals because of all the scummy things that PayPal has done in the past. The point of locals is to be their own payment manager so they don't have to use things like PayPal because PayPal is kind of notorious for what was it like six months ago a year ago charging people two, two and a half grand for if they perceive your pushing, misinformation or something like that.

they took a weird political stance that people were like, well, why don't you just do your job like that type of a thing so just answer that question. Now on all that. I Do want to talk about some things in the market and just to get us going right here: Dao Pops nearly 400 points to start the week. 400 points.

It's a good start, but it really makes you wondering what's coming next. Do you see how dumb that is? You see, you see how maybe if you were of that brain power, you sh shouldn't be in positions of power. So Mitch McConnell after freezing. Remember one of the most powerful people in the U.S has been giving a speech and now everyone's yelling at him, Retire, Retire, Retire Retire Retire.

You know how you guys were shouting retire at me. You see how you see how that works I Hope My point was well illustrated by the fact that me doing it for a minute streaming where I effectively have no power over your life or anyone else's life. Even in that moment, you realize how silly it was for me to be doing what I'm doing. And then yet I did it as a bit I did it as a skit I did it as a person whose brain most of the time still functions Now imagine if it wasn't a bit, it wasn't a skit.

Most of the time my brain wasn't functioning I was a geriatric and I had power over the entire Us of a which inherently means power over the entire world. Does no one see how ridiculous that is? I did it for seconds with you folks in here and you're like no, no, no, no, I'm not feeling it I I'm not feeling it and yet I'm a streamer that does things for entertainment. This is an elected official who has more power than you could possibly imagine and cannot keep it together. Folks appreciate how insane that is.

Please appreciate how insane that is. Update from Tesla Tesla replaces CFO as Kirkhorn ends 13-year at the EV maker. so there is I Just know there's a lot of Tesla enthusiasts in here. Hang on to my Chrome's now a little Frozen pltr popping a little bit into close tup holding.

but I want to bring up Tesla Tesla Sold off this morning with the rest of the tech sector but ever since about 11 30 a nice pump back up to effectively where we open. So Tesla is having a day where it's kind of a moot day. like just where we opened is effectively where we're getting close. But this is the big update now.

I don't know how many of you are in here for like hardcore following Tesla or if you're just degenerately training it. But for the fundamental supporters of Tesla understanding where it's going, not going I Just wanted to give you this update because yes, there is some Tesla news. So I thought I should share all that. I also wanted to talk about t-u-p-t-u-p-t-u-p-t-u-p Let's see where it is today.

It's up 8.8 percent obviously making a recovery attempting to continue this squeeze scenario. For those of you, hang on now I need to log in I accidentally got kicked out uh let me get into my or text account just so I could give the people who are playing Tup an update of the current short position. uh I have no calls I have no puts I'm not long I'm not sure I'm not playing Tup whatsoever, just want to be open and transparent about that. As of this morning, the short interest against Tup was 30 percent cost of our 182 utilization 100 midday.

Throughout the day, the average cost to borrow on Tup is 314 and yes, it is on the threshold list. So I just wanted to give you that breakdown for the folks in here who are maybe paying playing Tup very much squeeze potential so just wanted to share that with all of you. Also, a little bit later, we'll talk about uh pltr I Guess out of my own morbid curiosity how many of you are Pltr supporters in here? Um I know, uh, one of them. There's major accounts tracking it in the world of like Financial YouTube and for good reason it's been move and move and moving.

It's I believe. Who was it was it? Dan Ives I believe it was Dan Ives Calling Palantir the messy of AI plays right now, so it's getting its way into the mainstream media. But also in terms of Reddit and Twitter uh, we're definitely seeing some impressive stuff. So uh, Palantir I Just want you to know reports after earnings this evening.

Also on that note, uh, Lucid does as well. Another just EV play. Let me bring up Lcid right here. Lucid.

Rough morning like much of the EV sector, but getting a decent bounce back. Um, overall daily chart. It had a nice move the end of June till about mid-july Since then, a little range bound recently breaking down. Uh, but I wouldn't read too much into this price action because the earnings could change everything.

Good earnings. We could look for a massive Gap up. bad earnings. We could look for a massive gap down.

so I wouldn't be reading too too much into the way of technicals at least as of now. But once again, Palantir and Lucid reporting earnings after the market closes today before the Market opens. Tomorrow we hear from UPS and then tomorrow after the market closes. we hear from Rivien AMC Upstart and Twilio on Wednesday Roblox Sony Disney plug when Las Vegas Resorts right there.

Uh, Thursday Baba That should be an interesting one and then that's pretty much it. kind of. for the week. there are a couple more, but when this week's over, the giant lion share of earnings is pretty much done.

In fact I Know there's still some big ones this week, such as Disney but I I think upwards of like 80 of the S P has already reported. so I Just want kind of everyone to know where we're at. With that that most companies have already reported for this particular earnings season, there are still some interesting ones on my radar I care a lot about Palantir tonight I care a lot about Disney on Wednesday and I care a lot about Rumble on next Monday a week from today. So I just wanted to put that on everyone's radar since we're already doing it I might as well hang on get you over to this.

So in terms of macro economic reports, nothing went really down. Today tomorrow we have an update about energy. on Wednesday we have another update about energy and then on Thursday and Friday uh, respectively we have CPI the Consumer Price Index and then on Friday we have the PPI the producer price index. So we get two inflation reports on Thursday and Friday the 10th and the 11th this week coming out an hour before the Market opens.

So just so you know, later on this week I will be streaming an hour before the Market opens just so we can capture those events Now just for those of you who are seasonality based trainers, I Want you to know that Tuesday August 8th tomorrow it does seasonally favor the Bulls Is that a guarantee? No. The Bulls have won this day 52 percent of the time. but the profit factor is above one. And here's a look at the equity curve: buying it open, selling it close on this particular day over the past two and a half decades.

and if you're curious about what's going on for the remainder of this week, sign up for Locals I Give out the seasonality stuff for free, but there is also a premium version Macquares.locals.com It is in the description of the video. so if you want this type of information once again for free Macquares.locals.com it's in the description the video. You can find it pretty easy peasy. We talked a little bit about Tesla In terms of the market, the queues are actually finishing A Little Bit Stronger The overall Market has been leading the day most of the day, leading the way most of the day today, but coming into closed texts: Holding On A Little Bit Stronger I'm curious to see the way Palantir is going to go.

I'm also curious about my position which um, apparently somehow I ended up underwater. but I was trying to get a bit of a fill here and I was really, really close. But let me just show you what I'm looking at on my account right now uh before when I was like oh I wonder if I should do like a degenerate trade I just needed it up to 66.75 the NASDAQ futures Market to be break even on the day and it hit 65.75 So I was literally a point away just didn't get my fill. So that's a huge bummer for me.

and now am I just going to get messed up in the end of day trading? Dude, how can you just be this close. so close yet no cigar? Bit of a bummer. A bit of a bummer, but maybe I'll get lucky at the what is it the 355 like the market imbalance trades I don't know. We know.

We know some of these Algos run at 350. we know some of them run at 355 so maybe I'll just get lucky with like a film. Maybe there's going to be a jolt up fill right at the end of the day and we'll see how that all goes. But anyway, that's my current live position I am long on the NASDAQ 100 I'm doing it through the Futures Market but obviously, whatever you're playing I wish you the best of luck.

Now while we're waiting for all that to play out, there is something I want to chit chat about? There is something I want to chit chat about? Hang on one second. Um, let me just make sure this is all set up. I Don't want to bury the lead if you've been paying attention to me for any amount of time, there's a good chance you know that I've talked about shorting and you know if I've you kind of know I've been talking about Gme I've been talking about AMC and there's a big talk, a big chat, a big consensus on okay, what is the line of shorting Is shorting itself a moral thing to do? Is it immoral thing to do? And obviously everyone is entitled to their own thoughts and opinions. But here's mine: I believe shorting is a necessity of the stock market I am not against Jordan I am against manipulative shorting I am against stock bashing I'm against all these times that the rules are a little bent, a little broken.

Don't like that if there's a legitimate short, someone goes out. They take stock that's fairly loan, they go short against the market, and they buy it back appropriately. No Ftds or anything like that. Hey, I'm all game.

If you have conviction in a certain trade, have at it. That's one of, in my mind, the beauty of the market. If you have a strong opinion, you could put your money where your mouth is. Obviously lines get crossed when it gets into the world of manipulation.

Like I said, they're spoofing, they're stock bashing. There's Ftds. The list does go on and on and on and on. and even that, even some of the reporting things I want them to be reported more rapidly to the public.

But once again, I don't I digress I Don't want to go too far down that, so maybe some of you find that to be a bit shocking. Maybe some may be like Oh I thought you were getting shorting a hundred percent of the time. and no, I'm not. For example, there's things like luck and coffee where it was a fraudulent company reporting fraudulent numbers.

and in my opinion, when you're lying to the public to your investor base, the stock deserves to go down. You were caught lying. Well, on that note, there's more examples of it. Take a look at this guy.

This guy right here is the bane of many companies existent because he calls out cheaters for being cheaters, costs them a lot of money, and he makes a lot of money while doing it. I'm talking about Mr Anderson From Hindenburg Research short seller: Hindenburg nabs tiny gains off 173 billion dollar. Carnage If you cause a hundred and seventy three billion dollars worth of damage, you're making quite a few enemies. Nate Anderson has wiped out as much as 99 billion from three billionaires wealth this year.

That's crazy. So adani Dorsey icon. Those are the three billionaires who when they wake up in the morning and they have their proverbial Hit List Anderson's going to be on the top of that list Nate Anderson has picked them off one by one in mere months. This year, he erased as much as 99 billion of their combined wealth while knocking 173 billion off the value of their publicly traded companies.

In an era when prominent short sellers have retreated from the Limelight fronting lawsuits, short squeezes, and government probes, the Deft researcher has emerged as the gutsiest bear around. um, he his allies say he's risking civil suits, physical attacks, and potential even overseas arrest. Well, of course they are because it's custom. you don't make 173 billion dollar damage, just go away and everyone's like, oh, he got us, he has legitimate en enemies and I want to let you know 173 billion Just to put this in a little bit of a context of the rest of the world.

If you look at Gdps by country, that's around number 50. in fact was, where's the fall of around 50, 52 to 53 is right where he would fit him. The amount of damage he's caused is about the 53rd largest countries or the 53rd largest GDP Based by country how much damage this dude has done Joe has How crazy that is Anderson who's only 39 working at Hindenburg research has just messed people's lives up. and arguably when you're looking at what's going on with block, what's going on with Adani and what's going on with I guess IEP icon Enterprises or Carl Icahn himself.

This guy's bringing up very reasonable points before when I was drawing the line of like okay you have shorts who are trying to call out artists for being artists and then you know there are people who have manipulative. This is a good example of he's making money and arguably also protecting other people by calling out people who their story just doesn't add up. Something's amiss. So personally for me I'm on his side I Hope he keeps doing this because I very much view it as a person who is protecting the rest of the market for my biology.

Majors who are paying attention? He's kind of the white blood cell of the market system. You don't want these Liars to continue to be prolific within a system. people who are lying about whatever their company is, financials, dealings this that the other thing scam artists should be called out. and if you're the right one to call them who am I to say you can't make money off of it.

So anyway, uh, make it clear money is not his main motivator. What drives him is exposing what he sees as misbehavior, knocking down companies he deems offensively overblown. One competitor calls it the classic mindset of a short seller, a compulsion to understand how the world is screwed up and call it out personally. I Agree with it.

So this is the performance that Hindenburg's the companies they call out and what happened. So basically one day performance if Hindenburg puts you on their Hit List it is bad. Look at these percentage drops and then three month performance. Honestly, they've been wrong on about three of them.

One of them's neutral, but some of these have been giant Giant Smackdowns. Giant Smackdowns so specific to block. Uh, Jack Dorsey The former CEO of Twitter block is called Hindenburg's description of its operations factually inaccurate and misleading, pointing to its growing spending on systems that prevent Bad actors from using its platforms. Basically, what Hindenburg called out was how their user base was just completely bloated and not a true reflection of the company's success.

Indenberg report accused Adani this was an India-based company massive conglomerate of pulling the largest Con in corporate history, claiming his conglomerate engaged in accounting fraud and stock manipulation I have to give it to Hindenburg They announced this right before some like big IPO deal or merger deal. Basically, it ended up costing Adani. not on top of just like the the drawdown of the company, but the deal that I was going to go through were extra billions there. So this guy 100 hates them.

And then obviously. Last but not least, we have the recent run in with Icon. We predicted that Icon Enterprises will eventually cut or eliminate its dividend early borrowing. a miracular miracle turnaround in investment performance.

We remain short and this is basically him looking at how the dividend was paid out and it was just giant messy loan situation where he had a loan and Loan and Loan and he was personally guaranteeing it. but a lot of his personal guarantee came from his own stock investment in IEP and it became a very incestuous Circle And they basically said that functionally, this is not sustainable And guess what? It was just announced that IEP would be cutting their dividend so approved Hindenburg to be right now. Obviously, it's worthwhile for me to note that the other players in these scenarios icon adani, Dorsey and all the other targets of Hindenburg's research reports. They all say that they're wrong and Hindenburg's wrong.

They don't know what they're talking about, but the tail of the tape is the fact that if you look at the Stock's actual performance, it seems like when Hindenburg calls out a company, not a hundred percent of the time, but a lot of percentage of the time it ends up that yeah, the company was doing something sus it shouldn't Thought it was an interesting story. Wanted to share it with all of you to talk about the fact that I'm not necessarily against shorting I'm against manipulative shorting that is literally illegal. We have laws against it, but just run-of-the-mill thinking a company should go down because it's overvalued I Support that. and in fact, just to leave you with one little thing here, There's actually been various research papers that have shown in systems that they allow trading uh, both the long and the short Direction The market itself actually trades at a higher value than if it was just long only, so just wanted to share that little tidbit with all of you.

And on that note, I'm getting A lot of alerts here. Uh, what's going on? Oh my trades hit folks. No one told me here. Uh, my trades hit I was long.

three contracts. Um so now I'm up 540 but unrealized, it's 325 325. So basically my break even on the day is roughly right about here and I don't know. so I could leave my stop here.

so if it comes down into the stop I'm break even on the day I didn't make money but I didn't lose money and then if I want to make money, it would just be the differential between these two numbers 333 and whatever we're currently trading at. So the bot things come very soon and I'm a little bit nervous in all reality because it, well, it just ran. Of course it runs right when I decide to update the chart. which way are we going to run today? Uh, I need to lock in this before we conclude on the market today.

Does Hiddenberg have an email list of course? and I think they give it up for free because of course they want to give it out because when they call something out, they obviously want it to go their way. Uh, I don't think this order is right. It says it that it's for three. Uh, this doesn't seem right.

All right, that order was incorrect. Uh, my orders are not. So I am down 323 on the day three. So if it hits here, I'm agreeing on the date and other than that, this is just bonus money so we'll see how this plays out what time it is 355.

All right, what I'm gonna do is if there's a big push right above right here 480 I'm just gonna sell into it I'm just going to smash the close button, close button. take my money and maybe I'll go buy Piper a new a new gift or something. Honestly, at a certain point, do I want to be agreed? I can make 300 bucks today. Easy Peasy Lemon Squeezies Easy Peasy Lemon Squeezies where are we gonna go? Where are we gonna go? Uh oh maybe I shouldn't have done that.

Uh oh maybe I shouldn't have gone to a 10 tick chart basically all every 10 trades. This updates. Uh, so I'm on a tick chart right now. so literally every 10 ticks every 10 trades uh, this will be updating is actually kind of making me nauseous I feel like I shouldn't be necessarily looking at this but I'm up 800 I don't know if you guys can see it something like that, but remember so this is about 500 on the day.

Well if it pushes a little bit I would love to make a 500 profit on the day. So if this says eight, twenty five, I'll be able to get out. but I also have about two and a half minutes. Dude, is anyone else getting nauseous? This is like watching a roller coaster WTF is a Pz Easy peasy.

You don't know what a easy peasy lemon squeezy is. It's like the opposite of something that's really hard. It's easy peasy lemon squeezy. Maybe we shouldn't watch this.

This seems particularly nauseating. Now, instead of 10 takes, it's 25 ticks. So a tick chart is just a chart that all the bars are x amount of trade. So a one tick chart is like every one trade.

there's a whole new bar. Um, 10 ticks. Obviously 10 trades. You guys get the idea.

but it does make your chart more exciting to watch. I Suppose All right here we go. This is the pop that I'm going to be able to sell into here. We go here, We go here, we go.

Come on. come on. Pop up pop. Pippity pop pop.

Let's do this with an entire minute or two to spare. Come on. rip it to the upside brother. Rip it to the upside brother.

Oops. I didn't want that one. No. I was trying to get eight.

All right. Well, I made 490 on the day. Well, I'm not going to do something stupid and Chase I was trying to get 500 on the day it made 490. just I wanted that.

Nice value, but whatever. Um, I didn't move my order fast enough in time. but at least I made money and that's what's fun in trading. It's as long as you made money, your thumbnail is killing me.

Well, our elected officials are killing me. So I'm Ebony Brown I'm happy that I'm being killed by the government. and then my thumbnails making fun of the government are killing you. It feels like it's a roundabout thing to do roundabout thing to do.

Uh oh, hang on I just want to make sure all the orders the open orders are canceled before the market closed. So I don't get like top or Margin Call there's some random thing like that. uh, we have that and then I do also need to check all of this no orders. The one prop account I have I blew up another prop account today but the other prop account I had is up 2K So that's that's pretty neat huh? That's pretty Neato So kind of stoked about that.

Kind of stoked about that and I want to say anything else? We are ending with a bit of a flourish. Uh, Palantir may be catching a bit of a bid. it was down. Um, definitely around four or five percent today.

but making a recovering enclosed and so is lucid. but lucid and palantir still red on the day the Spy is up 3.80 up 0.86 The queues are up also point eight percent up around three dollars. So the spine. the queue is putting in a green day, but in terms of the daily chart, it's an inside day.

We're within the high and the low of Friday For both the Spy the queues did it technically make a fresh low. It might have just barely made a threshold. It did buy two cents. Oh, someone got trapped there.

That's that's that's a problem. That's that's someone got trapped there trying to bet. This is why you don't chase I swear. if I find out any of you are chasing I'm gonna show up at your house and we're gonna have a talk.

We're gonna have a serious serious talk. If I find out you guys are chasing breakdowns or chasing breakouts, there'll be a big big problem. So let's wrap it up. We need age limits in politics and I'm going to take it a step further.

now. before you guys give me Applause before you guys giving me give me a standing ovation. Not only should there be age limits, there should be mental capacity tests as well. For example, not to pick on them because he had a stroke and I feel bad for the guy.

Fetterman should not be in office. So I'm actually campaigning for a two-tier thing regardless of there should be an age of like the after whatever X age your brain's deteriorating. You're not in office. On top of that, regardless of your age you like.

You know how when you join the NFL you have to take an IQ test or whatever I think that there should be mental capacity tests regardless of age? so that's the major thing. We learn the market was technically green today, so hopefully you guys made some money in whatever. Direction whatever you're playing on if you're playing earnings such as Lucid or Palantir I Hope you make a bunch of money. uh I Fortunately, at the end of the day my account linkering on the day.

so I'm I'm a big fan of that big big big old fan of that. Uh, we're gonna be back tomorrow for sure. The streams will start early Thursday and Friday because there is going to be some inflation report CPI followed by PPI there's still earnings Lucid Palantir after the market closes today, uh tomorrow we have like upstart Roblox is on Wednesday Disney is on Wednesday so we still have some earnings. We still have some economic reports.

The technicals not that exciting. Today we didn't break out, we didn't break down. There's a fake out breakdown on the Queue so if you got caught into that I feel sorry for you. uh I'm trying to think of anything else.

uh, anything else, anything else. No. The other major thing is if you waited around till now, congratulations because a video just dropped the best books to get filthy rich, it's four minutes. Check it out here.

I'll give you this. what's going on Hey, what's going on? Welcome to another episode of the Matt core show where I try to not cry because I am emotionally distressed. Alright, so it is there on YouTubes and then also I will find it on Rumble Rumble Rumble Rumble Uh, it's posted on both. Just went live.

So folks, that's kind of what. why can I not? Oh, it's there. Okay, uh so uh. the Rumba people, you just got the rumble link.

the YouTube people you got the YouTube link I appreciate it when you watch it. It really does help me out in the back end like in terms of the algorithm if you like and comment. So if you're watching it right now, just be like hey man, Piper's a much better Trader than you whatever. If you want to talk on me, have at it.

I Don't really care if it's positive or negative, it's just the engagement really really helps I'm both Rumble and YouTube So if you choose to watch that video first of all, thank you thank you thank you. It really helps me out and if you want to push it, just that extra extra layer to help me out and get in front of people, it would be awesome if you could like And subscribe So Palantir reporting I know I See a lot of comments about Palantir? uh, video just went live so watch it. We'll be posting more content later on today and then we're streaming once again tomorrow. Morning 9 A.M Bright and early.

Today was a bit of a boring day if you took a nice bullish trade. Congrats for you! You made some money. Uh, but hopefully things get a bit more exciting tomorrow. That's what I have for you now.

Thank you thank you thank you I Appreciate all the support I appreciate all the Good Vibes I'm gonna go crush the stair stepper and then hang out with my new roommate named Piper So on that note, thank you thank you thank you Peace out catch you later Thank you Come on Foreign.