Foreign. Foreign. Oh brother, oh brother, oh brother hello hello hello hello hello brother, Yeah yeah yeah. I know I Got a Dapper looking haircut I Hope you guys did too.

And in reality I got this haircut. It was an emergency haircut. This wasn't a normal run-of-the-mill your average day your average show type of a haircut. This was done in an emergency circumstance because I need to film something special this week that I'm technically under NDA for.

but you will be finding out most likely by the end of this week. So I'm filming the specialty thing that I I had to look good for I wanted to represent you guys well, so that's why that's why I'm particularly looking like an 11 out of 10 this morning. but hey, hope you're having a good one. Hope you had a great weekend I Hope you got to enjoy Texas Roadhouse at some point this weekend I Hope your favorite football teams won for myself Penn State One check.

Mark the birds eagles they won. Shout out to anyone who's a Patriots fan because it sucks to be you this morning. So that's a big bummer. Um I believe I Won one of my fantasy leagues and then I got demolished in a different fantasy league.

So I'm three for four. Wait, your audio is out of sync. Banana Head Hey, is it really out of saying Testing Testing Testing One Two three. Testing Testing One Two three.

Is it actually out of sync? Someone Tell me. Someone Tell me. I actually did go to a Texas Roadhouse and it was delicious. Um I'm very happy for you I'm very, very happy for you.

Uh, let's see if I won any of these leagues. Uh, where am I at? Yes. Okay, so I went three for four in terms of football this weekend. Uh, Penn State One Eagles One one Fantasy League lost a different Fantasy league so three for four I Thought that was reasonable.

Texas Longhorns Hey, shout out to the Longhorn fans! Uh, you basically ruined Alabama's entire season or already. so that must be interesting. Interesting for all of you to know that one major game in and you've already messed it all up for them, so that's pretty sick. Uh, what do you guys want to talk about today? There's a lot.

Uh I I Guess the major thing I Want to get off my chest at the start. Here is last week when you guys listened to me when you guys heard me when we chatted together when we traded together when we had a good time together I was a different person at that moment in time. The first week of September I was a person who only had level 50 fishing in old school RuneScape But not anymore. but not anymore.

You are now looking at listening to trading with in the same Community as a person who has level 61 fishing. That's right in this over the weekend. mainly when I was arguing on Twitter space calls uh the entire time I was fishing on RuneScape and I got I got to level up I got it up to where I needed it to be. and for those of you who care about it, I can now use a dragon level Harpoon to catch some swordfish.

So I'm basically within spitting distance of finally being able to capture some sharks and that that's really what I'm doing this for I just need to be able to capture some sharks to fish some. There goes that. Uh, so we're almost there. We're almost there.

We're almost there. We're almost there. So that's why I look like such a different guy because I I understand the riverbeds a little bit differently I understand I'm a little bit connected with the legs and dare I say it I think I just truly internalize the meaning of oceans a bit more I'm just much more in tune with the Aquatic world, at least digitally. So I'm very excited to see if there's any translation to the financial markets.

Obviously, we're going to be finding out now. I see a lot of you talking about Tesla Yes, it's gapping up. It's crushing it. The whole Market's looking good this morning.

Uh, just so you know if you're like what's going on, they got an upgrade uh from I think it was Morgan Stanley but an analyst upgraded them and basically said hey, we think this whole like autonomous driving software package is gonna be pretty good. So we're gonna be talking about that and I have a little bit of an update related to Qualcomm and Apple a little bit of an update related to Alibaba I Want to talk about the overall macroeconomic situation the new release of the Goonie Moon Gang newsletter the Dumb Money newsletter so that's out there I'll talk a little bit about that. We have an IPO this week arm a semiconductor play and then also instacart just announced that they're going to be ipoing so we have a we have a good amount to talk about but I guess before we get into it I Just want to say thanks for being here I Hope you guys are ready for a fun day I Hope you had a great weekend I Hope all your favorite football teams won and let's say we're going against me I Have to admit: I Think my hatred for Michigan football is getting a little bit out of hand. They were kind of playing like a know-nothing school and I still watched it hoping that there would be some sort of upset.

So in a weird way: I'm almost becoming like one of Michigan's biggest fans because I have to watch their games because if there is a giant upset I Want to witness it firsthand. obviously they destroyed Michigan has a very good team this year, which means there must be pretty good because someone from Like for someone like me to admit that they're pretty good like that's actual, uh, painful. but hey, they are pretty good. but I was hoping for the upset I was hoping for the upset and it was nowhere close to being seen.

so it is what it is. but just so you know, if there isn't upset this season, I'll most likely be watching it Michigan is ranked number two yeah because they're super good. Uh, it's gonna be interesting Penn State itself has a pretty weak schedule, so obviously like for us to possibly make the playoffs we like Not only would have to beat Michigan and Ohio State but it would have to be done in such a manner. that is kind of not questionable just because like the schedule, strength is a little bit suspect.

but who knows I mean if you're a Penn State fan Drew Aller was looking pretty good. He's not the most mobile quarterback. uh, he's not the most athletic in an agile sense. but in terms of just being like that quintessential NFL pocket passer type of dude, well, that's him and we'll see.

we'll see how it actually ends up going for them. It's just it's weird because if you listen to commentators they talk about Penn State as if we have this long lineage of producing quality quarterbacks and it's just not accurate. No one thinks of Penn State and they're like ugh, that's where all the quarterbacks come from. Yeah, once in a while.

Like just by pure statistics and luck, we end up producing a quarterback who's maybe worth something. but Penn State is not like a quarterback school and that's coming from a guy who went to Penn State and I support Penn State but I was listening to the announcers and they just kept going on and on and on about our dynasty of quarterbacks. And I just I I don't know I guess I Just found it confusing. But anyway, hope you had a good one.

Hope you got to go to the gym, hope you got to eat a lot of fun I Guess fall football festive foods to undo everything you did at the gym. and I hope you're ready for another good week of trading. And on that particular note, let me switch it up to give you guys a little look you see at how everything's doing this morning. First of all, Tesla Big gap up.

Remember last weekend we were talking about 259. Well, today might be that day that we actually get above and successfully hold above 259. So definitely watching that. I will be doing some chart breakdown obviously in a little bit.

Don't give me your tickers yet, but I'm going to save a little bit of time for all of you at the end to do a quick chart review before the Market opens. or maybe right at Market open. But as you can see, the Spy is looking strong. The keys are looking strong.

Apple's looking strong. and Qualcomm Qualcomm What's cute is it Qcom is the ticker Qualcomm Yeah, uh, Qcom. uh. New partnership or a renewed partnership with Apple So we have some high-flying tech plays this morning.

Oil still chilling pretty high I Mean overall, if you look at Energy Energies up, if you look at financials, they're kind of up this morning. If you look utilities, they're flat. If you look at Industrials that's actually down. if you look at Healthcare that's pretty flat.

So really, what's being led up today is energy still strong. But technology is where the party is at today, so obviously that's what we're at least going to be focusing on this morning. Stock futures gain to start the week Tesla shares rally. So once again, why is Tesla up right now? it's because of an analyst upgrade.

Basically super super super optimistic about the autonomous driving software package. which hey, I think that's a good reason to actually be optimistic. Uh, we've done this in the past I Try to actually get an old school RuneScape Uh, picture in here. but the AI creation system didn't make it for me.

But anyway, so we're restarting the newsletter that I've had in the past. So Macross.locals.com You can get this for free. F-r-e-e No money, Zero monies. You don't have to spend a freaking dime.

I Do I'm gonna start doing this Weekly Newsletter for 100 free. So I'm back and the way I'm going to structure this is obviously kind of a review of the previous week. A look ahead to the next week, and then I'm gonna add in any other things you guys want. So for example, this was my, just, um, my first attempt at it.

So the newsletter. it's gonna be free. it comes back it comes to your email box. I'm going to send it out every Saturday or Sunday but you'll get it on the weekend.

So for example, this one's already out. I'm calling out all the major Market events for this week, so my idea with this is basically what my microphone volume is: Low Testing Testing Audio One Two Three Testing Testing Audio One Two Three is that better Mr Fish Queef Uh, may May I ask you if the audio is now better Mr Mr Fish Queef is this that to where we need to go? You just want me to read your name. You probably broke in to my studio, lowered the audio levels, and you're like, you know what? I'm gonna comment on his audio levels just so he has to read my name out loud and honestly I appreciate the game. that's that's some good style.

So I I can totally appreciate that. So anyway, my concept with this newsletter is a couple things that I want to touch on. First of all, I want it to be like, well, it's free I want Mo as most people to read it as possible but I want it to be a quick little reference for you of like oh okay, like I know, like just per day you could see okay, the market events. well, the major ones this week are Wednesday and Thursday I'm also going to give you earnings like this isn't the best example because there aren't really many earnings going on this particular week.

but after the market closes today Oracle Tuesday nothing Wednesday Cracker Barrel if anyone cares Thursday Adobe Friday nothing. Uh, this will be obviously a little bit more evident when we actually are in earnings season and then I'm going to give you the seasonality update Monday Tuesday Wednesday Thursday and Friday of this week and then on top of it, I'm basically just asking you what else do you want me to put into this So I was thinking about a couple things on a weekly basis: I could just do updates of trading plans be like yo I'm seeing this in the Tesla chart this and the Apple chart this and the Microsoft chart. This and the overall chart I could do robot updates of okay in the past week the robot made this much lost this month. Here's the accuracy.

Here's how many trades it took. Uh, the options. The zero DT option strategy I Could do a comprehensive breakdown of every like that of this week of like it took x amount of Trades Here's how many hit. Here's how many didn't hit.

So basically my concept with this is I know that this is a good anchoring of Okay, here are all the key things to know for the upcoming week: My question to you and you get to Market events, the earnings, and the seasonality. My question to you is is what else do you want in it Um so basically I just wanted to bounce that off of you guys right now and here I'm giving you the link of where you can sign up. it's on Locals Macquares.locals.com I Just need your email and I will be able to email you this every single weekend. and once again, it is free.

You don't have to spend money for it. You will get it in your inbox every single weekend for free. But um, bro, you ignored me last week. uh Cgc bro um uh, what is that? uh marinara play I'm sorry for ignoring you I didn't mean to um that I find that industry to be a little bit difficult because it seems very politically related politically related.

So it's not To me it's not being driven by, um, like, necessarily a social media development. It's not necessarily being driven by fundamentals. It seems like we're just waiting on politicians to get with the age. so to me, that's tough.

like I want them to be successful I see an Avenue in which they will be successful. Things like I think that's a canopy Growth Company um till Ray All of those. It's just it's tough to bet on politics because our politicians are a little crazy if you ask me. So um, I'm sorry for missing that, but we could definitely look at them today.

But anyway, newsletter sign up: I Just dropped the link macross.locals.com and let me know what else you want in it. Feel free to comment there. Feel free to DM me on Instagram Twitter let me know what you want in it. Uh, additionally to what I've already put in it and we will get rocking from there.

The mighty American Consumer is about to hit a wall. according to investors key engine of U.S growth is poised to sputter in early 2024., After staving off recession for longer than many thought possible, the U.S consumers finally about to crack. More than half of 526 respondents said that personal consumption the most important driver for economic growth will shrink in early 2024, which would be the first quarterly decline since the onset of the Rona period. Another 21 said that the reverse will happen even sooner in the last quarter of the year as high borrowing costs eat into household budgets while Rona era savings run down.

and obviously you can kind of see the stats and where everyone's prediction of it was but 56 percent of majority coming in in early 2024.. the finding is that odds with the optimism that pre wait hang on. I I Wanted to point out one thing with it. my apologies, uh, was it in these odds here? I Guess the major point that I wanted to like show here was recently we've been talking about recession and that's been like the hot topic for the last year and are we actually in one? Are we not in one? And it seems like big players such as Goldman Sachs have recently been dragged like lowering their chances of us going into recession and a lot of people were like we'll hang on the GDP kind of dropped for multiple quarters in a row.

but then they were arguing that the labor Market's too strong. and on top of that, there's also the concept that maybe the consumer is a bit too strong like we've been seeing really strong consumers report. And now as we're getting to the end of this argument of what is the Fed gonna do? What are they not going to do? Are we at the height of the maximum rate? Are we going to go one more? Are we going to go two more once again? Just so you know, we're going to be finding that out in late September September 20th is the next Fomc meeting. Most likely nothing's happening.

If we get another rate hike, it'll probably be in November But anyway, that's besides the point. I Wanted to bring this up because it's interesting to see how media is like, kind of just always going with the flow. They're not really making a prediction and standing with it. They're like, okay, this person said this, so they just believe it and then something else changes in.

like this person says this. so they believe that. Uh, it's kind of interesting to see that they're not really giving an analysis and sticking to it and updating their thesis. They're basically just through the news.

They like this person said this, so that sounds good. We're on their side and then it's just always changing, changing, changing. Uh, but anyway, where were we? uh Equity markets for most of the Summers cooling inflation, low employment bolstered host for a so-called soft Landing Commentary that this weekend from the Treasury Secretary about soft landing and how Janet Yellen believes we'll be able to pull it off should the economy stop growing a scenario that's quite likely of consumer spending contracts. it would mean more downside for stocks which have already slipped from Late July highs.

Yeah, it slipped, but I would also argue that we were unreasonably high at that moment in time. The likelihood of a soft Landing falling inflation in the end to Fed tightening, a peak in interest rates, a stable dollar, stable oil price. All those help Drive the markets up. If the market loses confidence in the scenario, then stocks are vulnerable.

It is interesting the likelihood of a soft Landing Okay, people were becoming a little bit optimistic. We know over a year I mean June Of last year we had inflation at nine percent. We are now in three slow fours depending on what you look at and I'm not saying I necessarily trust the data, but it is what's being reported. And at the end of the FED tightening? Yep, the argument is do we get no more? One more? maybe two more So we know we're in the final inning of that a peak in interest rates.

Well, that is literally the end of fed tightening. Stable dollar? All right. I Don't know if it's really been that has it really been that stable. A dollar I Feel like it's actually been pretty volatile? Uh I Guess if they want to call that stability, that's an interesting definition of stability.

Uh help? Drive The market up? well I Just think that is a pretty useful way to say that. uh, maybe just maybe it got a little bit ahead of itself. Uh I Think that maybe is a fair way to kind of articulate that of maybe the market shouldn't have ripped all the way up to how high did this buy actually get? Uh close. We hit 453, We hit 459.

The all-time high I believe is 473. no 480. Excuse me. That was pretty close to the all-time high.

and it's arguably even more crazy that we hit that all-time high in the middle of it like just post Rona when they're just unlimiting quantitative easing. So I don't even know if that's necessarily a good anchoring point, but whatever. Right now, the US economy appears to be speeding up rather than installing growth and forecast to accelerate in the third quarter on the back of recent pickup in household spending which jumped in July by the most in six months. To some analysts, it looks a bit like the last.

hurray. The big question is is this strength in consumption sustainable? Is it not sustainable Because it's driven by one of these off factors To me: I Don't think it's sustainable just because talking with a lot of people on the internet reading what's going on I Think a lot of people are getting to the point where they're finally starting to feel like the pinch of a tightening financial situation, especially when you add into the mix the restart of these student loan payments I Think it's being understated how much of an impact that's going to have on discretionary spending, Especially when we read all these polls and a third of people are saying hey, I can't pay those at all Another third of people are saying it's going to be really tough for me to pay those so only one third of people are saying yeah, I'm going to pay my student debt and like it's going to be A-Okay but two-thirds are like either in a mixture of I'm not paying at all or it's going to be tough for me to swing that bill. So I Don't think this rally that we saw I think there's a very, very reasonable shot that the spike we saw in July will be the high of the year or at least pretty close to it I Think it's about time for the market to go off I Think it very much got ahead of itself. Now that doesn't mean I necessarily believe we're going to have some sort of cataclysmic sell-off like those aren't the Opposites of each other.

but I think more so of a chop. Period. We're going to find success in individual stocks such as Tesla ripping today, rather than just focusing on the market. Overall, ripping and ripping and ripping.

So I think we're going to get into this moment in time where it's like useful to find a unique singular opportunities rather than just assume the entire Market is ripping or the entire Market is falling. Yellen Feeling very good about soft Landing for the U.S Economy Treasury Secretary hails data showing selling price gains yellow and also downplays threat from China-led bricks expansion. Treasury Secretary Janet Yellen said she's increasingly confident that the US will be able to continue and contain excuse me inflation without major damage to the job market handling data showing a steady slow down inflation and a fresh influx of job Seekers I'm feeling very good about that prediction. Asked about her previous hopes that the U.S would avoid a recession while still reigning in Consumer Price gains I Think you'd have to say we're on a path that looks exactly like that.

Now did she actually mean it? Tough to say obviously this is what we expect them all to publicly. State Jerome Powell Janet Young Do you realize how bad it would be if they're like, oh, we're totally going to a recession? So I find it difficult to believe all the words just exclusively on face value Because what do you expect the Treasury Secretary, you just say, would you accept the Chairman of the FED to say they're never going to go out there and just be like saying super doomsday stuff even if it's accurate because they have the power really to create a self-fulfilling prophecy, even if we're not necessarily on the path of a recession. If they say yeah, I Think we're going to recession, there's a good chance that it could start it. So I think it's just tough to believe them whether they're saying it just because it's the right thing to say or if they're saying it because they believe it.

I Think it's tough and that's why I guess I Want to Churn it over to you Do you think this is as bad as things get or do you think there's more pain to come? I'm not talking in the short time frame I'm not talking this week or this month. I'm saying maybe between now and the end of 2024. do you think that there's serious pain coming? Or do you think Okay, like no, we're pretty much like at the the end of the forest and like things are looking pretty good from here. Um.

I I'm just curious on your thoughts. Recession going to be horrible by March Okay, more pain to come So we have a little bit. uh, some negativity. No, lots more pain to come.

More pain, more pain. Okay, more pain. All right. We have a lot of bears in here.

It looks like this morning. I Think there could be pain? Fourth Quarter No. I think there's serious stuff free. Come and know there's more pain.

I I I Might disagree with the magnitude of pain, but it seems like with everyone commenting right now, I'm kind of in line with you guys of I I Think we got a little overextended to the upside. and I Don't think people, uh, appreciate some of the the backdrop of what's currently going on. But don't worry. U.S Debt is nearly 33 trillion, but some economists say not all debt is bad.

Debt is commonly taken on during states of emergency in order to prevent burdening the public with higher taxes. Speaking of which, I think we're heading towards potentially another government shutdown at the end of this month. Worthwhile to pay attention to the U.S Government Issues Debt in the form of Treasury Bonds bills denotes. these government securities provide a safe place for investors to park their money while earning interest.

So whenever I do those pitches for public and I'm like oh, you can get your 5.5 understand that's just from laddering as in a grouping different maturity dates for treasury bonds, bills and notes. Some economists warned that the U.S debt to GDP ratio is too high, which serves as an indicator for whether a country can pay off its debt it says some economists, but I think a better way to say that is. Most economists who know what they're talking about warn that the U.S debt to GDP ratio is too high is very high uncomfortably high, and I think it needs to be reined in now. obviously they could collect more money from taxes or another thing you could do is just cut back on government spending the amount of money just horrifically pissed away by our government on things that I don't think any of us like would ever ever say is a smart idea.

It's astounding. I mean I would argue that the government the US government is one of the most wasteful organizations ever known to man blows my mind. Uh, so right now, just because we are coming up to a Fed meeting once again on September 20th, Wednesday September 20th right here in the top left. That's the next Fomc meeting results we get as of now.

There's a 93 chance that there's going to be no change, that they're just going to hold rates constant. But once again, that's a little bit a weekend some change away, so pay attention to that. Usually when we talk about international news I Know most of the time recently I've been talking about China so I figured we would switch it up and talk a little bit about Germany this morning. Germany Predicted to be the only major European economy to contract this year as recession lingers so we know Germany's in a resection.

and actually also the Netherlands Officially, those two countries are as of right now, in a recession. Europe's largest economy is predicted to contract by 0.4 percent this year. That's 0.6 percentage points lower than an estimate made in May. The European Commission also cut its growth expectations for Germany in 2024 from 1.4 percent to 1.1 The latest economic forecast point to a general slowdown across the region.

So it's not just here in the US. Basically, what we're seeing in the U.S is also really being I guess in a certain sense, mirrored by other world powers. Uh, arguably it's worse in these kind of countries just because of their locality to Russia and coming into this whole debacle there. Reliance on Russian Energy Uh, so because they were so Reliant Uh, that's a whole deep commodity talk.

political talk, historic talk. Uh, but there was a lot of Reliance for crude oil and natural gas. and obviously with those prices spiking. and also when you consider coming out of the Rona period, it's just all a complicated mess that it's just not boating well for the region.

Now let's talk about some individual companies: I Guess I had to fix Really in throw in a little bit of what's going on with China shares of Alibaba tumble over three percent after outgoing CEO unexpectedly quit Cloud business. so Daniel Zhang was chairman and CEO of Alibaba Cloud Intelligence Group since 2022 and was also concurrently Alibaba CEO since 2015 ended chairman since 2019. Alibaba announced in June that he would step down from his chairman and CEO positions in Alibaba group in September and head the cloud business. Well, he's now on the outs and obviously if you look at Baba investors are a little bit confused about what's going on.

it's not down horribly. It's down half a percent. But obviously if you look at what's going on in the tech sector this morning uh, Tech sectors up a lot. The queues are 0.8 percent, so generally just, uh, it's a related business.

it's within that sector. you would expect it to be up. So Baba Taking a little bit of a baby hit because of this news jelly Giant that's what my friends used to call me in high school J.M Schmucker agrees to buy Twinkie maker Hostess Brands for 5.6 Billy You know these delicious Little Golden buns filmed with cream. You might be wondering how much were they worth? Well, we finally answered the age-old question of how much is a Twinkie worth.

The answer is 5.6 billion Qualcomm says it will supply Apple with 5G modems for iPhones through 2026 Apple and Qualcomm up quite a bit this morning, online grocer firm Instacart seats up to 7.7 billion valuation in IPO So the IPO World starting to definitely heat up arm will be this week. Five things to know before the market: Bell goes ding ding ding ding which is literally happening right now so hold on one quick second looking up Market's looking really good. Lucky number 15. We know the Apple event is coming out the or the new iPhone coming out this week IPO watch IPO Arm is this week and instacart looking for almost a billy relief for renters earthquake and Morocco sad things all right I have a little bit of a Squawk Box thing about Biden so we will come to that.

But first let's talk. let's have a little chit chat about the market that is apparently ripping this morning. the casino is open. Best of luck to all.

Played responsibly if not have fun. So right now Apple of one percent Microsoft up one percent Tesla up 5.7 Nvidia of one percent Netflix up half a percent Meta is up one point two percent update on Meta. So for all the Facebook Meta fans out there, uh, Facebook's actually looking really good right now. There was some analyst chatter about their own competitive AI system that can apparently challenge open AI maybe even better.

So interesting thing to point out there with Uh Meta Amazon up a percent rum right now Break Even Lots of green on the watch list so hey I Hope well I Hope so. Did anyone in here degenerately swing Tesla ads did anyone in here from last week till today? Because if you did, congrats I Mean super super ballsy. but nonetheless, you just you deserve it. You really do because that that's a nice gain once again, if you're joining in right now, the reason Tesla is up.

The reason Tesla is up is because of an analyst upgrade talking about their autonomous um like vehicle software and their high high Ambitions for that. So uh, the market obviously responding pretty bullishly to the news. Solid stuff. Definitely definitely a solid step Why ads in the middle of the live stream? Because YouTube Last week decided to roll out a new ad system that they are basically giving their creators less control over.

Um I Let me see if I can. Nope, that would literally play an ad right now. Uh, uh. I Want to see if I can come up with a better way to do this? Did you know who will not be eating at neither? Texas Roadhouse or Longhorn Alabama Crimson Tide uh GTA Nation That's actually particularly hilarious.

That's really funny. It will not be. They're not invite him. Hey folks, if you haven't done it already, destroy the like button if you're watching right now.

It helps me out. The algorithm. Destroy it. Destroy it.

destroy it on both. Rumble on YouTube It very much helps. Do we get featured on Rumble today? Oh, it just makes me feel better. No, we did not.

Well, we kind of did. We're over here. almost. We will round it up to almost being featured.

uh, we are below. Biden forgets 911 New Mexico says you can't have guns and did North Korea just start World War III that's awesome. Pretty heavy stuff I Suppose some pretty heavy stuff arguably. uh, thoughts on Nike Nike Nike Let's see what the chart looks like.

It's pretty weak to me. They have this consolidation, this breakdown, uh, a bounce and then right back at this level. If Nike goes below 96-97 there might be a continuation and sell off. potentially to like maybe 88, maybe 82.

but I'm just seeing lower highs, lower lows. Um, Nike I Think it has a lot of brand value like across the world. A lot of people know the Nike name so I don't think it's like going to be into some sort of death spiral. but right now I don't know if I would necessarily be buying it or even investing into it until I See like a little bit of an upswing.

I don't really like to be getting into something when, like, especially for like a whole multiple weeks, multiple months, multiple years when it's clearly fighting the trim. Now in the short term, if you're scalping and you're trying to do some sort of trend reversion, yeah, I totally get that. but Nike right now I like it as a business uh I don't know I don't have the fundamentals memorized or anything like that, but I mean that's kind of interesting. watch for me.

I would just want like I know I was watching it with this trend line breakdown. It's not like I played it or anything, but I would just be looking here to see if it can bounce out and potentially get back above 103. that could be interesting, but if it continues to show weakness I think you just have to, um I guess have a little bit of patience like really waiting for that opportunity to get in. uh YouTube premium is nice.

Then trapped in hotels for four months happen Jets Uh I'm not really like I just didn't grow up knowing anything about the Jets but I've become a little bit more fond of the Jets because of that. Uh, what's it on? Hulu Maybe or peacock or maybe? Matt I don't know but there's the show Hard Knocks which I believe is a show that simply follows I think it just follows like one team all year I don't know I've heard of Hard Knocks before, but I've never watched it before. So anyway, at the gym when I'm crushing the stair stepper I watch Hard Knocks and it's following around the Jets and you learn about just like kind of I don't know the inner happenings of a professional team and I think in a weird way, it makes you like end up respecting them a bit more. All right.

hang on. I Wanted to switch this up. Can you guys see? Yes, you can? Okay, this is the prop account that I'm attempting obviously to pass the prop Challenge am I on the right account I am on the right account. Oh, there's the target All right.

I'm in at 43 I just took a long position. um I Over the weekend was doing some back testing on the like five minute, 10 minute and 15 minute breakout. The odds were interesting. nothing like too too crazy, but interesting nonetheless.

Uh, so I'm in at 43 so let's get out at 45 25. All right there. All right, let me just set up some of this stuff. Well, the queues just took a hit.

Uh, that was not when I was particularly looking for control. I'm still getting used to some of this chart control going on. uh with Ninja But anyway, this is the prop account I am well as of this morning before I did any trades today, I was halfway to where I needed to be to pass the prop challenge. This is my second attempt with this company.

like I'm now on top step. Before this, I was on apex past one of theirs. People reached out to me and they're like hey we like TOP Step better. We think the challenge is a little bit more difficult and I figured hey, might as well give it a try.

Uh, so here I am attempting to see if I could pass. These prop challenges are by no means easy to pass, so it inherently makes it an interesting, fun challenge. So I want to see what I could do. Happy 30 months to all! Thank you Matt for all the awesome Channel And Community Pay attention to Emvx This week.

two huge financial conferences and an update on their Gen 2 production. Good luck All shout out Camille I Appreciate you for 30 months. That is awesome. That is awesome That is awesome.

Uh, hang on I didn't want to do that. uh-oh uh oh SpaghettiOs All right so a little bit of a hit. There a little bit of a hit there. let me see what's going on.

Uh, we got Wick Wick Wick I Really thought that was gonna go. hang on. let me look at some of this daily chart. Uh, just so you know, there's this downside: Gap Filter 447.11 Once again, there is a downside: Gap fill on the Spy to 447.11 That is the high from Friday We know that the odds of these Gap fills is pretty high on the cues.

We have a downside Gap filled to 374.85 Once again, the high from Friday and it looks like the cues might be going for that. like now. Do I just want to play that instead? All right. Maybe I'll just play that.

Uh, so instead of playing on the Spy it is now based in the queues and it just seems like that's a little bit closer to this. Gap Phil All right, All right, All right. Uh, So once again, downside: I'll just set this alert so I know when to take money. Uh, Downside: Gap fill on the cues to 37485 which I I don't know.

Hang on. Do I need to do cross below? cross down Crossing down. So hopefully this alert goes off 37485 and I'll be able to make some money. Hopefully, hopefully, hopefully hopefully hopefully hopefully we're getting close.

We're getting close. we're getting close. Uh, so one quick loser I was just trying to do like that. It's weird to explain it, but just a little breakout strategy.

Opening breakout strategy that uh, obviously was missed timed on the Spy but hopefully be able to make this money back on the cues if it can just come down to three, seven, four, eight, five. Just looking for that. Very quick Gap though Apple vomiting from 180 to 178.50 Uh, obviously the market not really in love with the price. uh, a lot of these things are still in the green.

but since Market open until now, uh, definitely running into some selling 30 months where has the time gone? Shout out: Mike Happy 24 months AMC to 5.6 million? Uh, shout out Uh Cyprian I hope I'm saying it. sip, sip, sip Cyprian C Prion uh wait did it just hit? Did it hit? Did it hit? Did it hit it? Did it did it did. So what I could do is uh I am. Nope.

Did not want to do that. All right. I I closed one so I had to I closed one. Um I was down I guess 500 now I'm down Huh? Well as it's going.

so I locked in one of the two over here in the lower right. Oh you guys can't see it but I was short locked in one and now I guess I just need to be smart with the other one. Are the cues gonna bounce right off of this? I at least want to quickly get back to break even on this one just because I had a portrait right out of the gate? Here we go right. so locked in half and seeing if I could just get a little bit of a fill.

What I could do is I am short on the cues. Uh, all right there we go. All right So I'm gonna hopefully this gets hit. Hopefully hopefully hopefully hopefully now I'm back in the green.

Well if I were to close it right now, I would be on the green on the day. Um I Want to clarify just because I think they're this type of stuff could prompt a little bit of confusion. This is not my real money. this is the prop account attempting to pass the challenge.

Uh, that's all in the description of the video If It interests you at all too. I I Like to think of it as a nice in between paper trading and then your full account when you're on a prop account. Yeah, you're paying for the challenge and then if you do well enough, you're allowed to actually trade with their money and you enter into a profit sharing like agreement. So I like to think of it as a nice stepping stone so you have a little bit more emotion than just your paper account where you know it's not real at all.

but it's not as much of a risk as like you just finding your own full account. I like to think of it as that nice in between. So and on top of that I think it's fun just to see if you can pass the challenge or not I think it's the challenge itself. they call it a combine I think it's good to see like how you do with it.

um because I myself and I learned this brutal lesson with Apex was the my style of training was not good for prop challenges at all all. I'm going to let you in on just like what I've personally experienced. but to have success in this, to have success in this you're going to be wanting to go for a lot of little winners and a your risk should be even smaller. So it seems like the way to really be successful in this is small, consistent winners just time and time and time again.

That seems to be the most ideal way to like efficiently pass a prop challenge. Maybe you have a different way to do it, but I just wanted to share that with all of you and hopefully this gets locked in. Um, just trading a little bit on the NASDAQ here I Was hoping to do this and then we have to give a little bit of a shout out and a little bit of love today's stream sponsor. But let's do this.

Come on. come on. just just give me the fill. Um, we're going the wrong way.

We're we're going the wrong way. Maybe I should just move my stop down to here in case it does pop. Ah, this is flirting with me being either positive or negative on the day. Come on.

just give me that bill Man right here. It's so close and yet so far away. Let's do it. Let's do it.

Come on man. come on. we're right there. Bring it home.

Bring it home. Bring it home. Dude. Seriously, this is what it's gonna do to me.

This is what it's gonna do to me. The open position. It's up around 475 right now. 420 Very volatile Should I just have taken that was I Getting a little too greedy was I was your boy getting a little too greedy? Come on.

Do I need to put magnets on the chart like what's uh oh? I'm not liking this. Not liking this in the slightest. Dude, Just my luck, right? Wait, this is just just my freaking luck. Come on.

Get it. Get it here. We go here. We go here.

We go. give me the money. Give me the money. Give me the money.

Come on. Do it. Do it. Do it.

Rub 440 490, 500 535 510 465 Dude, the volatility this morning is off the charts. Go Go Go Go Go Go Go Flirting with my target, Flirting with my target. There we go. This is gonna be it.

This is gonna be the put. Go for it. Just get it. Get it.

Get it. It would have already hit if they allowed me to use emojis and it already. Come on man. just give me this fill.

Seriously. Now honestly at this point it's becoming rude. I Feel like it's starting to interrupt the show like we're gonna get this close. Really? that's how unlucky I'm gonna be today.

Dude, just give me my money. This has this has to be it right? It would almost be crazy if this wasn't the time that it gets hit What's going on? Just give me. give me the money. just give me my 500 bucks.

Like what? Here we go. This one's gonna be it. Right Right there we. Oh whoa no whoa What the just happened close I don't know what happened there all I know is I'm up 355 on the day after being down 500 so a little bit of recovery there.

that was crazy at the end. That was very weird at the end I don't know what that little hippity jibbity crap was. but I know I'm up 355 after being down 500. Easy peasy lemon squeezies.

This is a little different. Wall Street Well, you are all more than welcome for the Gap fill. Call out. You're welcome, You're welcome.

You're welcome I Don't necessarily see anyone thanking me, but I know in your heart you're saying hey, thanks for that really basic, easy to understand call out. Uh, so there you have it. Downside gap on the Spy is actually about to hit. The Downside: Downside: gap on the queues already hit.

You're welcome, You're welcome, and you're You're welcome. So there there's that. And honestly, if you want to say thank you, you don't have to give me adulations. You don't have to give me Applause Sign up for Street people.

They are the sponsor of today's Stream Street Beat is pinned to the top of Chat. It's in the description of the video. If you don't care about that, just download it to your iPhone download it to your Android It's a robo advisor that does not engage in payment for order flow and that sounds all great and you're like, well I Trade here I Trade there. Whatever.

Yeah, you could trade on Street Beat. You could buy and sell stock if you so choose. But the thing that really I guess makes me excited to be a partner with Street Beat is the fact that it is leveraging AI specifically the newest versions The Chachi BT to help you create aiding AI based co-pilots really strategies. So they have some pre-built ones such as mimicking your elected officials.

You could buy what politicians are buying. You can sell what politicians are selling. There's a whole nother strategy for the top government recipients. There's a bond ladder strategy.

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No payment for order flow where you can buy and sell stock if you so choose. They also have pre-built AI trading strategies and then on top of that you can build your own AI trading strategies I Like it my own money's in it I'm looking at it day over day and I think it's really cool. So for me, yes a lot of the time I'm actively doing my own trading. but I also want to let everyone know that these types of things are smart because I think not only should you have your active trading account, but you should have more of like okay, your medium term account and then your long-term investing account.

and that's really I think where Street Beat is Gonna Shine So check it out. it is pinned to the top of chat it's in the description of the video but use the code Matt M-a-t and you'll get a free 30-day trial. So like no harm, no foul if you try it out and it's not for you. Okay, that's gonna happen.

but I think a lot of you who do try it out Oregon actually really like it. so make sure you're using the codemat M-a-t-t When you download it, it's free to download a free 30-day trial with this code if you have any questions, comments or concerns. I'll do my best answer and if not, I at least have a connection to people at the company to be able to help you out with all of that. So yeah, any questions, uh, let them fire if I don't know the answer I will get you connected with someone at the company but obviously a shout out to Streetbeat for sponsoring today's stream and hey, we might as well say thank you to Street Beat for helping Lock in this.

Just give me the confidence and the systems to lock in the 355 out of the gate and we're still going. Actually that was a pretty good film, but it looks like did the Spy get its Gap fill it? Oh, it's about to. The Spy is 11 cents away from its gapville. Oh, you guys are so welcome.

You're so welcome. Ooh Tesla Bouncing background Tesla Bouncing back though Uh here. I Want the spy on? This spy got super close, super close. Um, some of the market internals are green.

Let me check out the other Market internals. Other Market internals are neutral leading bullish neutral, leaning bullish I Think I forgot to look at the specific seasonality for today. Let's just double check that it's in the newsletter. You could get this for free to sign up the seasonality for today.

Monday September 11th The Bulls have won this day 46 percent of the time. The profit factor is 1.04 Uh, One exactly. one is neutral above one. The Bulls have been winning below one.

The Bears have been winning. so slightly favorable. But the bias overall is neutral. It was neutral.

it sold off, it recovered. So I would say we're not really running into headwinds. we're not really being supported by Tailwinds today. From a seasonality standpoint, I Think it's something that we don't have to really fully consider it.

Um, if you're just joining right now and watch, you know for earnings after the market closes today, Oracle will be reporting. And in terms of macro economic reports, the first one of this week is actually Wednesday. So there's nothing to not only look at today, but also tomorrow. On that news, it looks like we just got the downside gotfield.

Yeah, it just touched it perfectly to the scent. So kind of interesting to see it almost with that much Perfection Uh, but yes, right now we just got the downside gap on the spine obviously. I played the downside gap on the cues I Hope you made money off of it I hope you crush it I hope you guys are Scrooge McDuck Swimming in a bathtub of Gold Point gold gold coins, gold coins right now tilray I've seen a lot of chatter about some of these. Marinara plays some of this Devil's lettuce.

So Tilray from its lulls in June is currently up a hundred and twelve percent. so Marinara is getting going. So Tilray is one of the biggest companies. The other big one is Cgc Canopy.

Growth Company Uh, it's up 25 today. Uh, currently from its low, it's up 197. If you're like ah I don't really know what company you like best in this, but you like the industry, you can look at the ETF MJ Obviously pretty humorous how they got its name, but even this ETF is up now 44 Now the reason I'm bringing this up is just I guess a quick little didactic section of the show of an ETF itself. Remember what it is exchange traded fund.

What an ETF is is literally a basket of something. In this case, in this basket. The MJ basket. It's a basket of just marinara, a devil's lettuce Jazz cabbage place.

So it's gonna have some percentage allocation to till race Cgc and you just go down the list, down the list, down the list. So that's when an ETF is an exchange traded fund. Think of it as a basket of things and you there's there's so many ETFs If there's particular Industries this that or the other thing that you like, there's a really good chance that you can find an ETF that actually represents that almost perfectly. Um, so if there's something you like and you're like, well, I don't want to pick an individual company I just want that sector, you're going to be able to find an ETF for it.

But anyway, MJ is arguably the most popular ETF in this sector. But till Ray to Ray looking very very green. uh, maybe a cup and a handle situation if it holds above 310, that's arguably pretty bullish. If this breaks above 360, I might put a breakout alert there and then for Cgc also looking pretty good now.

I Want to know the political update of why this is moving? So was there news? Uh, hang on I Want to just quickly hop in to see what's going on here? Can Tilray successfully synergize its cannabis alcohol business? Tilray brand stock Rises Friday outperforms the market? How Tilray fits into the Cannabis stock puzzle. So let's see what's going on here. Shares of Tilray Rose two percent on Friday On what proved to be in all around favorable trading session, the Sox rise achieved December 5th Okay, that literally was just explaining its price action to us. Tilray Tilray tilray Toray Toray toe Ray Torre where is till Ray till Ray Uh, Cannabis stocks, canvas stocks popped a day after the U.S Department of Health and Human Services recommended the easing restrictions on Marinero and classifying it as a lower risk drug canopy growth.

Tilray Brands and Kronos group gained a lot off of it. So I know Tilray specifically as a business kind of has like this whole alcohol thing going on and an infusion and blah blah blah but it looks like overall I remember covering this uh last week that the U.S Department of Health and Human Services downgrading where they put Jazz cabbage and you might be thinking well, where was it beforehand and the answer is is the highest possible the highest possible uh in terms of danger was where marinara was at which is just so ridiculous that they're like oh yeah yeah no, this is as bad as opioids. This is as bad as fentanyl. This is as bad as heroin.

um actually some of those that actually might have been placed even higher and that really has a strong historic political thing going on of just our government was like oh okay, we need to be against it and a lot of people were saying it was lobbying from the tobacco industry, from the alcohol industry. It's it. It makes no sense and there's no point in trying to make it make sense because it was some definitely some shady backdoor deals from many, many years ago of how we're even in this like situation. Well, opioids have medical use.

yeah, sodas, marinara very much has medical use. That's it. There's there's clear medicinal use for that. Um, it's absolutely ridiculous the situation that it's in.

But anyway, um, as there's more positive political updates, I would expect it to go higher. I TR I I Am confident in the future success of this industry. It's just really, really tough in my opinion to put a time frame on it because it's so directly related to what our elected politicians either do or don't do. um, and it's in my like I have no Edge when predicting political outcome.

so I don't know if it would happen this year. this cycle, next cycle I I Just don't know. but given enough time I think they're going to end up performing It's just tough for my knowledge I Just don't think I have a particular Edge there to predict when politicians will or won't like legalize it the way they should. So I'm positive on it I Just don't really have any reasonable model to put a time frame on it if that makes any sense.

Um, dude. I am just I'm catching so many swordfish right now. If if you guys are playing right now and you need Ross swordfish or need raw tuna I am your guy I am your guy I am your guy I am your guy I just I'm just throwing on the ground I have so much I'm just tossing it on the ground, tossing it on the ground, tossing on the ground because like that, that's how easy it is for me. It's so easy for me that I'm just tossing it, tossing it, tossing it because like I'm I'm the best fisherman in the game.

Um, not necessarily by actual skill, but just by pure determination. I am the best one. Uh, check this out. Not this one.

this one. uh. A federal court found that the Biden Administration coerced and threatened social media companies to take down content relating to Rona and elections, likely accounting to a violation of the First Amendment former White House CTO weighs in. We've had this big debate.

It's been going around around this table for quite some time and is going on in the in the Public Square turning negative. Well, some people think actually it's not happening enough in the Public Square Do you think that First Amendment rights have been quashed or otherwise failed bounds blocked by this communication? If you will, between the administration and these technology companies, order Phil My personal view is that we want to have more open and Free Speech But in the midst of the public health emergency we went through, there was a moment where we needed to have a bit more understanding of a new threat that hadn't been understood. And that is the rise of disinformation on social media. So I Don't begrudge decisions that were made in the past the ruling.

so we have clear perspectives about what to do moving forward. Give guidance, provide expert judgment, flag content. but maybe not go so far as to say this must come. You must remove this account and so forth.

and so but what do you think about the idea of preventing that kind of communication committing and administration. And we'll do this on all political sides because you also saw it uh from other parties as well communicating with the technology companies Order submitted. Root cause of the problem here is that we didn't really honor up Section 230 The Sword and the shield we gave folks in another short position on the NASA social media content that runs through their systems. They were supposed to step up and have some efforts to mitigate harms to society.

What this is really a symbol of is that the frustrations in the black box of content moderation viewed by both sides of the aisle frustrates everybody. And to some degree that feels like a problem of the past as more and more of the content moderation practices moved to this evolving concept of Standards based and to some degree, moreover, what's the answer? Then we've talked about transparency. Uh, you know, for example, should it should every communication and frankly, by the way, every communication at least over email and the like that goes from an Administration to a tech company or anybody else typically can come out later in a Freedom of Information Act. But should it be immediate, Should people see the dialogue that's happening behind the scenes? And by the way, is transparency always the best disinfectant? Are there times where you actually want to be able to make that phone call? Yeah, no.

transparency is usually pretty freaking important in journalism. You know, for better or worse, I've gotten calls from all sorts of administrations, uh, trying to bend my year on on any particular issue and then of course it's up to hopefully, uh, myself, and uh, the organization and institution to try to do right? Yeah, transparency in this case is of the algorithms that address content moderation within the systems themselves, because once those become more understood, then professional processes can be put in place. So look at cyber Security. One of the charges in the original ruling that was struck down by the Appeals court that was the notion that on cyber security uh, flags with something is seen as a national security risk uh, Cisa, the federal agency that's tasked with making those Communications more routine they don't require White House involvement or emails that say ASAP these are structured formal Communications That's got process and transparency as to how the platforms respond.

Many of them take actions immediately to mitigate security risks and so we want to move towards more of a rational form of communication from federal agency with accountability on the platforms. but that requires the platforms to have a bit more clarity as to what the input is that they want and how it feeds into their algorithms. The Twitter decision or X's decision to release their code open source makes that a lot easier. Let's see how the other platforms address this issue of transparency so you don't have to deal with the pick up the phone.

There's some urgent issues, something's not working quite right. Problem: That's a yesterday problem. We've got to move forward. Do you think that Facebook is going to follow Elon Musk's lead? Maybe not in the open sourcing level, but I do think there will be questions made like monetization.

Do the algorithms uh, uh, promote uh sort of viral content good or ill because of the economic benefits to Facebook and that may create harm. So you'll see follow the money. Okay, if the economics in these black boxes result in some effect, there will be more scrutiny of whether or not that should be mitigated, and you see some efforts uh, in the multi-stakeholder world to get uh recommendations of what considers to be you know, in an inappropriate or un, uh, unsuitable content for monetization. We're now coming up on an election in that regard now that now that Twitter's model is going to be open, but by the way, they're also going to be taking political advertising.

um similarly I think we'll probably see I don't know what we'll see actually I should say on Facebook and on YouTube and the like. Well, the bigger 80 20 rule of the threats in in this election cycle are going to be about AI generated content and so you saw the White House secure commitments from the large Frontier AI models to start watermarking content which will make it easier for Community notes or other mechanisms Wikipedia style to highlight that hey, this thing that's getting you riled up was was generated by AI So that concept of mitigating against tomorrow's threats I'm more anxious about AI generated content that I am particular accounts that say you know first amendment style comments that may become viral because people are frustrated the need to hear that information or learn more about it. So I guess when I listened to this and it was part of a a larger thing this morning, um, I thought it was interesting because I mean on the biggest levels and on the smallest levels, we're continually inundated with just inaccurate information like it's just falsehoods like I mean I I Read on like a super small level I read stuff about myself that people just make up and then people assume it's real. like just like yeah I know I saw it on Twitter and I read about this course kid so it must be real and that's on the smallest level then uh, this was kind of I Recently I was seeing how even Joe Rogan was talking about how people will use Ai and generate his face and his voice as if he's an Advertiser for their products.

and once again, that's a little bit more impactful, but maybe not like devastating. And then all of a sudden when you do realize that it could be applied to literally anything the largest political Scene It Could theoretically be applied to and I I wonder how people are going to combat that and like, what are they going to be the interesting intersections between AI these Tech platforms freedom of speech um I'm in no way against AI but in this particular circumstance, I could see how it could be used. Um, in like, just for a negative reason, a nefarious reason, it being used in an immoral way, an inaccurate way and basically like a way to lie. and I wonder what the solution is that we're going to come up with from a technology standpoint to battle all that Uh, I mean people, we're going to be doing this all the time now.

and if anything, Ai's just going to get better and better and better. And in that clip, they were talking about using certain watermarks. this that the other thing but I Feel like that's just a matter of time before that whole system gets gamed. I Don't know.

It's going to be interesting to see the and I think we're really going to see it in a couple months here. when uh, the craziness of the next election gets going the presidential election in the U.S I think there's going to be a lot of talk and a lot of usage of like AI Is it accurate? Is it not accurate? This that the other thing? I think it's going to get messy. Uh, the DeSantis campaign used some AI generated photos of Trump and and someone and fouchy hugging. Oh so that was AI generated so they're already doing it.

It feels like it could just so quickly get out of hand. It feels like it could so quickly get out of hand if you ask me. Uh, ridiculous, ridiculous, ridiculous. All right.

where are we at here? I'm gonna post some trade ideas if this ever loads here. I'm here I Haven't gotten the signal yet, but I'm looking over here for the signal just to be ready when it does produce itself and then I Kind of want to share a little bit of stuff I did over the weekend. That's cool with all of you guys. All right.

All right, All right, why is this not working? Is the market still falling? Did you guys. vote today on what you guys thought it would be bullish? Day bearish Day Somewhere in the middle. What's everyone's thoughts? Where should I be placing my money I Currently have a bearish position on the cues as you gu