Foreign, Foreign foreign foreign brother. Welcome back to another episode of The Mad Core Show where I'm Matt Corres you're the show and today is Tuesday July 11th. We are here to do a recap of what in the world happened today, what to expect for tomorrow and the remainder of the week, and how I lost a shitload of money in the market I finally had to throw in the towel on those SPX puts and the Tesla puts I was just I was fighting the trend. It was.

It was bad. It cost me a lot of money. uh, specifically a shitload of money. So not that stoked about what happened today and yesterday and it is all my fault.

and it is a massive lack of discipline. Uh, but now I think I'm in Trend I'm I think I'm doing what I should be doing at this point. So I did make a new position to ideally take advantage of the inflation report coming out an hour before the Market opens tomorrow, so we're gonna see how it all goes. We are going to see how it all goes now before we get rocking today.

If you haven't already, it would massively massively massively help me out If you guys could destroy the like button. and do not forget to subscribe if you're watching on YouTube Great, but subscribe over on Rumble if you're watching on Rumble great, but don't forget to subscribe over on YouTube And hey, while you're doing that, help your boy out and destroy the like button. It is potentially the only thing that's going to keep me from being super super super super Super sad about today. Uh, before we get into everything obviously I Hope you guys had a good day I hope you made some good money I hope you absolutely crushed it.

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but that's where I post the seasonality. That's where I post my trades. That's where other Traders post their trades, their thoughts, their opinions. So that's that's how you do that.

That's exactly how you do that. So on that note, let's get rocking. This is what today looks like. This is exactly what today looks like.

and at first early this morning around 10 a.m I was feeling good I was like dude Market's gonna crap out I'm feeling awesome Then the market popped and I thought I don't like this I don't like it at all and then the market had some weakness and what I want to point out is something that I've been pointing out to you guys at nauseum of how the Market's been a dirty little trickster and when I'm talking about being a dirty little trickster I mean how it's overshooting recent support to make you feel like it's going to break down and then it just rips right out of there. And as soon as I saw this at 2, 30, 2, 15, that's when I decided to get out of my SPX position because I said hey, that's not good, especially knowing what we have seen play out recently. it seems like they're going to rip it and surprise surprise. Ever since this green Bar, we went from 40 40, 78 all the way up to 40 41.

So push 25 cents. Showing a little weakness now, but honestly, this intraday high of 441.70 would not be surprised if we pushed that by the end of today. The cues are a little bit weaker because Apple has been uncharacteristically weak, but have no fear of the thing. keeping the market going is the financial sector tracked by XLF and then also the energy sector Track by XLE oil, crude oil trading just below 75 a barrel and financials are going up because things such as JP Morgan Bank of America City and Wells Fargo for the biggest banks are all looking pretty good and three of them are reporting before the Market opens this Friday which hey, don't forget I know a lot of you guys wish me happy birthday, but that's actually the actual birthday so that's kind of interesting.

We'll see how it all plays out. But here's what you need to know: Dow Rises 200 points today Tuesday As Cheddar's await key inflation data. Well, these threaters, um, this is what they're waiting for right here: Wednesday July 12th as in tomorrow. If you believe in the Gregorian calendar, an hour before the Market opens, one hour before the Market opens, we will be getting the inflation report, the Consumer Price Index Report which is also referred to by the CPI report by people who don't have enough time to say the Consumer Price Index Report.

It's coming out tomorrow. We get it every single month and it's basically a measure of the inflation from the last month. So obviously we're getting this one in July This is the June inflation just so everyone knows, so there's a little bit of like a lag. But anyway, check this out CPI year over year.

also known as headline. The last reading: a mere month ago, it came in at four percent. This time, the expectation is that it's dropping all the way down to 3.1 Folks, those are some lofty, lofty, lofty predictions. They are expecting inflation to drop almost an entire percentage Point As in from the last reading to this one, just under a 25 decrease.

That's a lot now. Obviously, if we can hit this if it comes in cooler as in three percent 2.9 Yeah, it's safe to assume that the market would probably rip to a new freaking high, but the fact that they're expecting such a large drop? well, what if it doesn't? What if it drops a lot, but just not quite at this goal. 3.2 3.3 Technically, that's a hot reading. even though we're dropping from last month it they're really swinging for the fences.

On this one, they are really swinging for the fences on this one now. I have no prediction of are we going to be hot or cold 50 50. I don't know I'll flip a coin and I'll tell you do I have a coin right here? Do I have a coin around me I have an SD card I have an SD card. All right.

So a normal 128 gig SD card. Can you guys see this? Actually, this is what we're gonna do to predict if it is going to be hot or cold because it's pretty much the odds of everything. So all right. as you can see, we got heads up.

We got the 128 gigs. so it's coming in cool. That is my official scientific economic Financial Way to figure out if it's coming in hot or cold. And as you can see, just it's coming in Cool.

That's it. It's it was. Heads up. Obviously that's a cool reading.

So there there we are I don't know what else to tell you, but it's coming in cool. So uh, good luck with that one. Good luck with that one. Now the interesting thing is actually Core CPI So you might have heard about the CPI Consumer Price Index Core CPI is that same reading, but taking out all the stuff related to food and energy.

As you can see last time, it was 5.3 percent. This time, they're expecting five percent. This right here shows you the fact that Core CPI is more sticky than headline CPI As in when you take out food and energy, those are the things mainly accounting for this giant drop, but other aspects within the calculation are proving to be quote unquote sticky as in they're not coming down as much as we would like them to be. So even that, though year over year course.

API We are looking at five percent. So three point One and five percent are the lines in the sand. And just so you know, right when this comes out Barkin Who's actually a little bit more hawkish leaning? he'll be speaking at 8 30. Kashikari and Bossek will be speaking at 9, 45 and one p M respectively.

And the FED Beige book comes out at 2PM. This is a qualitative measure of the Quan the economy. A lot of these things we get are just pure numbers, so that's a quantitative qualitative is more of a I don't know, like a written out explanation of how the FED sees the current state of the economy. The party does not just stop tomorrow though.

The party starts tomorrow, but it continues for the remainder of the week. on Thursday we get the producer price index. so the Cpis for how much things have increased. If you're a consumer of just the shit that you buy producers, how much things have increased to produce shit basically.

uh, federal budget that doesn't really sway too too much. We're going to get the normal initial jobless claims and fed Governor Waller will be speaking late on Thursday and then Friday we are getting the consumer sentiment at 10 A.M So like I said, the party really kicks off. Tomorrow continues Thursday continues Friday But this party right here that you're seeing on the screen. It's more of a rager than you could possibly expect because we're also at the start of earnings season.

It really gets going on Thursday So you have Delta and you have PepsiCo before the Market opens on Thursday and then on Friday you get JPMorgan City Wells Fargo and BlackRock three of the biggest banks with the other one being uh, what is it Bank of America America that's next week and then on Friday We also get the largest health insurance provider in the U.S United Health Group reporting. so Delta most likely setting the tone for the remainder of the other Airline plays: United Southwest Uh, JetBlue those types American Airlines Pepsi probably setting the tone for Coca-Cola These three Banks Setting the tone for Bank of America United Health Group setting the tone for the whole sector Hlv Uh one side note here: Miller Knoll is reporting after the market closes tomorrow. You guys might not have seen my video on it, but Miller Knoll is the company where that lady like the like that crazy lady. it was like the worst.

like she's like you need to work harder like when the CEO had this strangest video to her entire company and she's basically like arguing that they need to pick them up by their like bootstraps and like work really hard and it was like vague threats and she kind of did though like that thing, it was like really really strange. Well anyway, that's the Miller no company just so everyone. If you're curious now, obviously tomorrow is going to be greatly swayed by the CPI report in the morning. and I want to go over the last eight of those just to see if we could see any evident pattern and there is an evident pattern which also plays into my current position.

So I'm going to be sharing that before the Bell goes dangity Ding ding ding today. But before we do that, I Do want you to know the seasonality of tomorrow like Monday and Tuesday as in yesterday and today tomorrow. seasonality is neutral, not really bullish. not really bearish.

Uh, it was bearish at first. Then it went bullish. kind of like just cancels itself out. The Bowl winning percentage is 52 percent.

The Profit factor is 0.97 It's pretty much this Monday Tuesday Wednesday of this week to really get going in mid-july It's just neutral. It's as neutral as it gets, so just wanted to share that with you now. Uh, there was another side thing I Wanted to share just before we get into the CPI and the predictions and all that good jazz. I Just want you to know that the there's updates on the whole Microsoft Activision deal.

Uh, Microsoft Activision deal moves closer as judge denies FTC injunction requests. A federal judge in San Francisco ruled in favor of Microsoft and Activision Blizzard which has been trying to complete their almost 69 billion dollar deal by July 18th, the US government can take the decision to the U.S Court of Appeals for the Ninth Circuit. So basically the FTC is trying to stop it, accusing them of monopolistic practices. Um, saying it's going to be too big and then everyone else is like but no one else thinks that and then the Ftc's but like we think that and they're like oh well, that's kind of stupid and they're like well we are stupid and then they went and complained to a judge and the judge is like you're coming off as a little stupid and then the FTC was like we know we're stupid and Microsoft's like this is crazy were you not given enough attention as a child So it's becoming a whole thing now I'm not saying that's necessarily an exact representation of how the conversations have gone, but if you sum it up like if you, if you round up, that's pretty much how it actually has all gone all right.

Uh I do want to talk about short sellers but before we do that I want to give you guys the meat of this video and I also want to share with you why my account got absolutely fucking rear end today but I decided to switch it up. As you can tell I no longer have SPX puts I no longer have Tesla puts I now have 50 SPX calls currently valued at 42 000 I'm in at 720. they're trading at 8.50 and yes, I posted it on locals when I decided to cut Tesla cut SPX and get into it. Now let me explain why I decided to do this.

It is multi-faceted so you might want to buckle up and secure your socks because I do not want to knock them off. Okay, so couple things right here. First of all, we could all fairly say this is a peak. so we had a high, then we traded all the way down to here.

Then we had a fuck I can't draw this circle. Then we had a low. All right. So we have this.

High we had this low and guess what? we did this island top thing. Now we double topped right here around 444 and you could kind of safely say after today, especially including tonight's push a higher low so double top high higher low, double top high higher low pushing. Hey, the trend is clearly to the upside if you're looking at the daily chart when I held the position all day through yesterday when I held it at any point in the day today it was silly to do it because the trend is clearly freaking pointing up we have the same highs, higher lows and we're going into the CPI report now. obviously the CPI report can come in hot and the market can get totally smashed.

and maybe the this is the high and we turn back over. That's possible. but based on the current freaking information. same highs, higher lows EMA the 10 stacked on top of the 20.

we have the Macd. kind of actually getting less bearish as in the bullish momentums picking up. Based on this information I Don't know what tomorrow brings I don't know, Sue me. but I don't know what tomorrow brings I know a lot of you come in here thinking oh, Matt's about to tell me exactly what's happening tomorrow and it just makes me want to shake it like a baby and tell you no, I don't know I'm as fucking lost and confused and scared and as emotional as all you are.

So this is the current Trend and I don't know the future All you can do is trade on the current Trend and hope that you have reasonable risk to reward. So that's one piece of information. The other thing I want to talk to you about is the recent CPI so you guys can feel free to fact check me on this. but I looked at the last eight CPI days.

that's the blue and then the white are the PPI days. so I could give you that information too. But anyway, these vertical lines the blue ones are the CPI days. so all the way over here if you're looking at November 10th Gap up green if you look at this one Gap up then it went red this one Gap up green this one gapped down but green Gap up green Gap up red Gap up red and then Gap up green.

So I just said it all. but I think I can make this a little bit simpler by explaining to you like what actually goes down here. So out of the last eight I wrote them all down out of the last eight out of the last eight CPI reports seven out of eight were Gap UPS One more time out of the last eight CPI Days Seven out of the eight were Gap ups and in terms of from the opening of the CPI day so not counting where we closed today, but from open to close, five of them were green and three of them were red. so seven out of eight were Gap UPS positive bullish and then from open to close of the CPI day, five of them were green and three of them were red.

So right there, those are odds of this situation. I I Can't promise tomorrow I Don't know shit about tomorrow. Honestly, if you held a gun to my head right now I don't know what I'm doing for dinner tonight no less. what is the market doing tomorrow? And honestly, it's probably pretty easy for me to figure out what I'm doing for dinner tonight and yet I still don't know the answer if I'm being completely honest I got distracted filling out a whole nother Cat application because I just like the pain, not only did I lose probably 40 Grand Today, 40 000 I figure Hey, if your heart's already on the ground, stomped and bleeding and crushed and put through the blender, you might as well make it a little bit worse and fill out another application where you know you're gonna get denied Payne Loves misery and my pain wants more misery.

so that's what I'm doing folks I Don't know how this goes I'm a degenerate Gambler I'm going for it for the best of my ability. I'm giving you the odds: The seasonality of Tomorrow is neutral. It's not bullish. it's not bearish.

I Can tell you that on the CPI day out of the last eight, seven of them have gapped up. Five of them were green days from open to close. Feels like it's favoring the Bulls Is it a guarantee? No, there was one fly in the ointment as our boy Rick Centelli would say for The Gap UPS one of them gapped into the body of the previous bar. and then in terms of red and green, well, it's five to three.

So we're still not like looking the absolute best. But I'm just going. what's with what's more likely folks. And then on top of that as I showed you in the daily chart High double top high, high or low momentum seems to be the upside.

Actually looks like we're about to take out Friday's High where's my account out now? Um, oh yeah, I forgot I Also have I had this Futures trade that I don't even know what it just locked in I think it locked in a thousand dollars but you could see it by this dotted line. but uh, where's my shit now I'm up 15. okay so I lost 40K today but I can take 15K now what the fuck do I do I lost 40K So I could only be down 25k and I made 23k on Friday So this is an interesting philosophical question: I made 23k on Friday I could just basically call Friday a wash. the money I made on Friday I could be like yeah I gave it back today like no big deal.

Oh I fucking hate my life I don't know what to do 22 I lost 40K What's no, it's a 28. So roughly roughly get me back to where I need to be. roughly basically my good trade by Friday I could just erase it with the bad trade today or I could risk it for the biscuit I could swing for the fences and believe in my math of a gap up which is seven out of eight. but then also I'm risking that one out of eight.

the 12 chance that it's a gap down and then like shit gets really bad for me. hmm Tyler Matt you know it's coming 447. I am feeling bullish I am now that I cut I Don't know if any of you have ever experienced this before but have you ever cut a bad position and then all of a sudden felt like you could just actually see the market like today I decided to cut my position um right here on this bar I cut my put position in both SPX and right here on this one that bar and my reasoning for that was wow We see another classic fake out breakdown. ugh Why is this not working magnet on right here classic fake out Breakdown: we Wick below it and then surprise surprise it bounces up I waited it bounced back up I waited one bar to make sure and it was in this bar at 2 45 that I decided to exit and then I was like should I get out of Tesla as well and I was like well I don't really see Tesla and the overall market doing something like wildly different from each other so I might as well get out of that too.

So this was my warning shot and then when it pushed I was like oh, I'm about to get railroaded and I had to throw in the towel as I started this video off and it was a painful towel to throw in. um but I just I I Want to be honest like it's really really I guess what would be the proper term fucked up I think is the term it would be really really fucked up to I Suppose only show you my winners like because that is not training it from June 30th until now. If you guys have been watching the streams you've watched me make and lock in ninety six thousand dollars I wish I could say 100K but it wasn't 100K it was 96 000 which if you do that, math means I'm basically down to 60. so I'm still in profit of the run in July but there's so much of content creation related to training that I just absolutely abhor.

People only want to share their winners. They only talk about the good stuff, but it's just. it's just not accurate. It's just like you have days that are losers.

You have days that you lose your discipline, you have days that you make really, really really stupid decisions. and yesterday and today were those days for me. I it is what it is and then as soon as you cut it, you could take a second to breathe and be like okay, what should I be doing now and that's when I decided to check the math of the CPI That's when I decided to see what's going on on the weekly daily and also like the two slash four hour time frame. I was like dude, it's kind of to the upside I I couldn't really fight it.

um and I don't know I do it like it doesn't make me feel good and I know that there's gonna be a lot of fucking asshats in here like oh my God you lost money, You lost money. but that's also the internet like I Understand that I subjugate myself to this because people are much more willing to say like anything about the money lost and not listen to the first fact that even on that math, I'm up what? 60k 55k in two weeks. So like that's the internet like I'm not gonna win it I Get that trolls are going to be trolls and in reality they wish they were in the position I was in right now doing this. Um, and I don't know.

They do whatever. they say, whatever and they do whatever just to make themselves feel better. and hey, if it makes them feels feel better, that's kind of why I do this in a general sense so it still works out in my favor. Still works out in my favor if I'm somehow making someone's day a little bit better.

but I just want to clarify. yeah no I am not some expert Trader that goes green on every single trade mathematically. If you look at my accuracy, it's gonna be around 50 50 because that's indicative of the actual world of trading. Very very very very good.

Traders Win 40 to 60 percent of the time If you are watching me or anyone else in this world thinking that they just give away winner after winner after winner after winner after winner, it simply does not fucking happen. That is not real. The impressive thing about these kind of people who are actually profitable, even though you have roughly a 50 50 shot, it comes down to risk management and the biggest issue. The biggest issue with my most recent trade that cost me 40K was it was about two to three times bigger than it should have been I should have lost in the realm of only 15 to 20K which as you just saw from my my current position I already would have made that back.

so that's life people that that that's what happens and I wish I could sit here and be like dude I'm gonna show you the perfect strategy to make money every single day. Money money money money money money money money money. It just doesn't exist. And anyone telling you that like you should be in their signal service because their signals crushing this and that and the other thing, they're fucking charlatans.

If they were that good at it, why would they be doing it? It's one thing to teach methodologies. It's one thing to teach. Kelly Criterion It's one thing to teach. what option Greeks are.

It's one thing to teach about algorithmic training. but this concept of like just selling a perfect solution financially that makes no sense. These dum dum dum dum dumb motherfuckers who gained a little bit of notoriety from AMC and now they're acting like they're amazing Discord Traders If they were that good, do you really think they would be charging you so much for their Discord They don't know what the fuck they're talking about it. They're not being honest.

and yeah, do I lose some street credibility by showing you my losses by showing you my large large losses in real time doing a psychoanalysis of myself? Yeah, I lose it because I'm not an expert Trader So if anyone has the mindset that oh, Matt's a fucking expert, it's simply not true. I do what? I can I try to be reasonable and I try to be honest. That's all it is I Try to teach you a little bit of math I try to teach you like show you my emotions when I'm up when I'm down. How I handle it? What's healthy? What's not healthy? Why am I a walking bag of mayonnaise? These are all very reasonable questions and concerns that could be on your mind.

but if you're coming to me for Perfection the only thing you're going to see me being perfect at is being a perfect stair stepper. That's it. That's it. That's it.

That's it. Other than that, I'm just kind of I'm just trying to figure it out like the what is this rule number three: don't eat yellow snow. The first thing I see when I look down a chat. Well seems like you guys are having a little bit of a day.

Um, where are we at folks? The Market's about to close. we are pumping into clothes. Is that indicative of how tomorrow will go? No, mathematically isn't I hope emotionally it is I hope everyone's saying This and like dude CPI is gonna crush and I would love for the Spy to open at 444 445 446 Dude, if the Spy opened at 4 46 tomorrow, I might pee myself on camera out of just pure excitement. You know, sometimes puppies get so excited like when you come home that they just like pee all over the carpet.

That would be me on the stream. except I would probably get in a lot of trouble from YouTube but it'd be worth it. It would 100 percent be worth it. Show us your cavity! My calves are ripped right now from the amount of stair stepper.

I Do is honestly the only muscle group on my body that's like worthwhile to show off whenever I do any of these interviews or anything like if I go on whatever Yahoo or whatever fox or if I'm doing something with Business Insider um I I just try to get them to talk about my calves the whole time I'm like yo you need a picture of my calves and they're like what did you just say I thought we were talking about AMC and Gme and like payment forward or flow in market makers getting squeezed I was like yeah but do you want a uh a picture of my calves and it turns really really awkward? really really quickly. but it's interesting you bring that up. so uh, thumbs up or thumbs down for this Gap up thumbs up or thumbs down? Uh quick check in on this position currently up 46 up, 16.5 K After a pretty brutal beat today and in the Futures Market I'm completely flat uh I did have a nice trade right here. um I had kind of a break even trade that stopped me out for break even and then I went long.

So this was a short that I took and I got out when I was like up by five bucks I didn't want it to revert, decided to switch long and that was actually a nice winner and uh, closed p l On the Futures account, it was a 2K account and now the account's worth 4K So the Futures account did officially double up uh today which I'm just kind of working on some strategies, but we're seeing how this is going. We have the cues breaking above its high going to a previous level, the energy sector strong, the financial sector strong. The only thing that was particularly weak today was Apple and even Apple's making a recovery into clothes. So if you're making any decisions, you have five seconds left if you're trying to make a decision before the market closes.

Three two, one dignity ding ding ding. That is it for today. Well well, well well. we'll see how this all plays out.

Big rip into clothes, kind of chilled with 10 minutes to go and would we end up closing out at we close at 4 42 46. So I would love a gap up to 445 446. that would be that would be something and get my account back to where it should be after these recent dum dum dum dum dum dum dum trades. But hey, that's the world of trading.

Could I be better? I could. But I'm doing the best with what I got. and when I say what I got I mean my dumb, undisciplined need for attention brain. but that's where we're at If you haven't already sign up for locals, this is where you can see what I'm doing, what other Traders are doing? Become a goonie today.

pinned to the top of chat in the description of the video Macquares.locals.com it's ten dollars a month 100 a year. There is also a free version uh I will be streaming early tomorrow because the CPI report comes out at 8 30 a.m ET an hour before the Market opens. So I'll start streaming at 8, 20, 8, 25 so we can see that uh, you know my position I have 50 SPX calls right now. we're going to be posting some content later on today I think that's kind of what I have for you.

So overall, um I want to say thank you I want to say I appreciate all your Vibes I Want to say um to all the people who were nice and try to help me not freak out I want to say thanks and to all the people who trolled me and called me stupid and made fun of me I know you want what's best for me and you just want me to be the best me I could be. So I honestly want to say thank you to you guys as well. So I'll catch you later on this evening. we'll be posting a video to both Rumble and YouTube.

Don't forget to check out the interview with the award-winning Market technician. It's on the normal Rumble Channel but it's on the new YouTube channel it is in. If you don't, if you're not a sub to the new YouTube channel, it is in the description of the video. it's with Alex spear glue.

He's literally an award-winning Uh technician. He made his own indicator the Mac uh, the Macdv. It's the Macd normalized for volatility. Actually, it was on the bottom of my screen for part of today.

So check out that interview once again in the description of the video. Uh, we'll be posting a new video this evening. we'll be streaming tomorrow. Much love, Thank you thank you thank you Peace out I'll catch you later have a good one Foreign.