Foreign still Venom Foreign. Welcome back to another episode of The Mad Core show. The number one show in the entire world. Not just in finance, not just in bets and money and economy and all that stuff, but literally in the entire world.

Then to oh no, our guy's not on. Hey, get back to work little astronaut man. There we go there we go I Know that's what you guys really come here for. Um, have you seen the market today? Have you did? Did you guys see what happened at 8 30? We got the Producer Price index and also the jobless claims and also the Philly index or whatever.

But the PPI number came in hot. So this week alone we had the CPI report came out came in Hot Market Didn't really react to it. then we had retail sales. they came in Hot Market didn't really react to it.

This morning at 8 30 we got the PPI and this seems to be the straw that broke the camel's back because now the market is vomiting. The Spy went from 415 down to 409 and some change. The accused went from 3 10 to 304, the dollars ripping from 103 and a half to above 104. Tesla's going from what 217 down to 210.

the Producer Price index. It was able to withstand the CPI report. It was able to withstand retail sales. Both came in hot which means things were not really too good in terms of inflation.

but then this one, the one that came out today, not so good. I mean it's it's a straight vomit Fest If you don't believe me, check out what's going on. Look at this. We Were Somehow Shrugging off retail sales yesterday the day before we somehow sharked off CPI And then today we're just reality is knocking on the front door and this is straight up vomiting.

Straight up vomiting. If the market can take out 408, 408.50 watch that 408 to 4050 region about a dollar below where we are right now if that ends up getting taken out. Look Out Below Look Out Below here I was thinking that my YOLO degenerate S P 500 puts for tomorrow we're just gonna expire worthless. but now there's a little bit of glimmer of hope.

There's a little bit of a sparkle in my eye that my degenerate gambling ways might pay off once again. Now, if you were leveraged a little bit too much, maybe a little bit too bullish into this scenario, this is not what you want to hear this. what you see on the charts right now is probably does not bring much joy to you at this moment. But on the flip side, if you were in agreement with me that the Market's action didn't really make much sense, and these reports were not so good.

and it seemed if it was more of a bull trap if you were leveraged short the way I am right now. Congratulations to you! Congrats! Congrats! Congrats! Um Oh I See some people talking about crypto? crypto? is doing phenomenally well Bitcoin Bounce off of this support around 21.5 000 ripped almost. Uh, depending on the exchange, some of them had it tapping 25. You have Ethereum breaking down, but finding support at the start of the trend line bouncing off the 1500 ripping up to 1700.

So Cryptos looking good overall. Stock market not looking so good and depending on the Futures Market that you're paying attention to not looking the best right now. the Es and the NASDAQ are down, but oil is holding at 79. Uh.

I'm still surprised Tesla's been on a rip lately. That makes no sense to me. I I don't understand how Tesla's still up here I Think it's just a matter of time before the legs get chopped out from underneath Tesla And that's just in the short term I Like Tesla in the long term I very much do, but it just doesn't make the most sense for a six, seven hundred billion dollar company to rip over a hundred percent in a month. Like you just think, okay, it needs to take a little bit of a breather.

so with any, with any luck, in the next couple trading days, Tesla will be able to take out 187.61 Uh, I'd be a fan of that. But long term I'm still pretty bullish on it I Just think it went too far too fast in the short term. But man oh man, look at this. I I Just it really started going at Eight Eight Thirty.

Well, 8 30 is when the Producer Price Index report came out. I Actually have all that information for you. Where is it right? Right? Right Right here. Producer Price Index was higher than expectations materially.

this am risk off. So the headline was an increase of 0.7 The expectation was 0.4 When you exclude food and energy, it was up 0.5 The expectation was up 0.3 a headline year over year was six, the expectation was 5.4 and then year over year when you exclude food and energy AKA Core was up 5.4 when they expected 4.9 the Producer Price Index. So the way we recently talked about the Consumer Price Index How expensive are things to buy for people like you and me? The Producer Price Index is basically more of the materials. how's the how expensive are things for them to produce? So you have the Consumer Press Index came out two days ago and then this morning we got the Producer Price Index.

Both are signs of just. there are more indications of what's going on in the health of your economy is really boiling down to inflation. So this is the third thing we got this week. The Consumer Price Index came in a little to.

uh, retail sales came in a little too hot and now their Producer Price Index came in a little too hot. And it's kind of like a one two three combo type of a situation. In all reality, I'm thoroughly surprised that the market was Green at all over the past two days because what we got were hawkish reports which in this current monetary cycle is bearish for the overall stock market so that came out and I also wanted to share this with you from quoth The Raven So the PPI numbers came in hotter than expected after. CPI also came in hotter than expected this week and they didn't mention it here, but once again, retail sales was the day in between.

Market's reaction is odd because a couple months ago, this would have had have been a drop of five percent day for markets on these data points, it appears to me that psychology is changing in people foolishly believing we are on the right track to getting out of this inflationary mess and that if we can just hold on for slightly longer, the market may not crash and Powell may be able to land the plane. Referring to the soft Landing This is a concept that I believe is 100 accurate I think too many people and when I say people in this scenario, I'm not necessarily referring to retail I'm referring to the big Banks the big hedge funds all these speaking heads that are going on to TV saying hey, we're going to be able to pull off a soft Landing This might be my contrarian nature, but I fully fully believe This is a giant bull trap. There is no reason in my mind for things to be ripping the way they have from the start of the year until now. we still have serious inflation.

The FED is going like I think there's too many people who are thinking the fed's gonna pivot and If the Fed pivots Now it's a good thing and yada yada yada. I think too many people have been drinking the Kool-Aid of hopium and copium in the entire market and I think the Trap has been successfully laid for the Bulls and maybe I'm wrong. I I don't have a crystal ball I Can't tell you the future. It's just understanding historically how these rate Cycles have played out in the past.

I Think there's still more pain. Even if you just look at inflation, we're still 3x the magnitude of where we should be. Please understand that this isn't the environment for things to go. rippity, skippity doo-dah We are in a restrictive environment and the recent macroeconomic reports tell us that the Fed the Federal Reserve The people who have so much control over our day-to-day Financial lives way more than you'd ever like to admit are still being forced to be restrictive.

People are quote unquote trying to call their Bluff I Don't think they're bluffing I think they're gonna I Think they would rather have a Fed engineered light recession then gamble. What they've done already is enough I Think they would rather risk overdoing it than under doing it. That's my opinion once again. Maybe I Said maybe I'm right, maybe I'm wrong.

Obviously it'll be easier to. Monday Morning Quarterback Hindsight's 2020 Whatever you want to call it armchair Expert Like whatever the hell you want to say I could clearly be wrong here. but when you get this many reports that are a little too hot and it's not really suggesting that we have inflation under control and then on top of it when you get all these big fancy smashy Banks and their reps going on TV Saying it's great, we're gonna do a soft Landing It just makes me wonder who the fool in the room is. and I think they're just like talking out of their ass.

and finally we're seeing a little bit of reality play out. I Think the bullish boat, the bullish bet got fully loaded and they're gonna rug the situation. Uh, I'm not any of this time frame that we're talking about right now now. It might play out today, might play out tomorrow.

I Don't want you guys to think that this is a short-term prediction I'm more so talking about my opinion of the market over the next couple weeks, the next two, three, four weeks. I Think there's a better chance of the market going down than going up. It's just I I Don't see their a good economic reason of why would be going up Right now. we know unemployment is allegedly very low.

We know the labor market is allegedly very tight with those two metrics. There's no reason for the FED to not be aggressive when they're also getting the reports that CPI came in hot PPI came in hot, Retail sales came in hot. So basically we're in a scenario where inflation is still high, demand is still high, and then, yet in terms of day-to-day life unemployment and labor market, there's still room for them to be aggressive if our Fed does not fight inflation. Now, when we have a five decade low unemployment and the labor market is so tight that there's 1.7 one point eight job openings per person looking for a job that's crazy, it would actually truly be nonsensical for them to not fight inflation more aggressively.

Based on the data that they have now, obviously we could argue about. is the data accurate. Are they somehow like lying about this metric? That one? That's a completely different conversation? I'm just saying for the Federal Reserve here in the U.S when they get those unemployment numbers, when they get the labor numbers and then they get CPI PPI PC is going to be coming out next week. And they also get retail sales it.

It's not even one of these things where like oh well if you consider that data. but then this data is kind of contradictory. Everything is pointing in the direction of inflation is bad and the FED has no reason but to fight it. The only thing that I see really contradictory to this narrative is you get all these big Banks Whatever.

Morgan Stanley JP Morgan Goldman Sachs Everyone's telling us no soft landing's great. Give us your money, invest everything's good. Come here little sheeple, give me your money. This is a great time to do it.

And basically what I think is going on is there more so of in the business of getting people to invest with them rather than making like accurate predictions I mean literally on any given day from the same big Bank you can find analysts that are saying the completely opposite things I've shown it to you in the past on CNBC JP Morgan says it's going to go up, JP Morgan says it's an awful time to buy like they are in the game of if you say everything on both sides of the fence simultaneously. Well when whatever plays out, you just cherry-picked the times that you said something that was right. So if you say everything a hundred percent of the time when history plays out, you just obviously pick the ones that were right and be like look at it. We absolutely nailed it.

Uh I think the market is in for pain? That's my humble opinion. Might be right May might be wrong, but I I just don't see I don't see how this could be good. Uh, AI was right about today so um not really. actually the AI Chat Gbt that was a false story Chat: GPT did not predict the market coming down today that like took on a little life of its own and people started to like comment on that.

but there's actually not much validity to the story and the reason we know that is with chat. GPT It's not connected to the internet and it's data set. What it was trained on only goes up to 2020 2021 so it has no recent data and it's also not connected in anything to get recent data and it doesn't make Market predictions anyway. Um so that was a story that for some reason like got some popularity and it like kind of took on a life of its own but it's not based in reality.

Chat There was no AI system especially Chat Gbt that was attempting to predict the downfall today. Um if anything people could have just said hey the reports are probably going to come in hot. That's exactly what Carl Icahn's been doing uh Cara icon on kind of a famed quote unquote corporate Raider famed dude on Wall Street Uh last week it was reported he had a 5 billion notional bet against the market with the numbers coming in hot and at first he was probably looking really good after that CPI report but then second half of that day. all day.

Yesterday we rip rip rip and now if he's still holding it, he's probably going to be stoked about how this goes. Um, what I want to see in terms of levels For those of you who like might be swing Traders or day Traders I'm watching the 408 to 408 50 region. If we can snap this region, my next Target would be down here: I'll make it yellow, gold, Whatever. If the market doesn't hold 408, 408.50 I am then looking for a sell-off down to 405, the 405 doesn't always I'm watching roughly 402 and some change and then after that I'm watching 400.

those would be my downside targets. One thing I Want to point out right now is you as of now, in pre-market trading, we are at 409.40 Depending on where the market does or doesn't open up in the next 15 minutes, there is a potential opportunity for an upside gaffle because yesterday's low is 409.47 So I like right now, it's probably not worth it to get the three cents, but if we go down like maybe another 50 cents or something like that, there might be a quick little pop just to clean up the chart and get the downside gaffle to yesterday's low. Just want to throw that out there to everyone personally. I won't be playing it just because if it does happen I think it'll be happening very early in the day and I'm going to be using the first whatever.

10 20 30 minutes to manage all my options trades all the premium that I've been selling I also have right now I have puts on the Spy I also have puts on Tesla So I'm going to be using the first part of the day just to manage all of those. and then in terms of my day trades, I'll be waiting until after 10 a.m to really do anything specific there. So I just want to let everyone kind of know where we're at and why. there's so much chaos and pandemonium right now at Market open.

Uh, right here. we don't need that. Well, it says they're flat. Let's see how they update this: Dow future slide 250 points after another Hot Inflation report third one for the week.

the Dow the S P and the NASDAQ down down oil holding at 79 and yields going up ever so slightly. So the big Hub of blue if that's the right word of today is right here. the producer price index that came out at 8 30. the initial jobless claims came out.

They pretty much came in line, so not a big surprise there. Um, just so you know, uh, there's household debt coming out at 11 A.M that's not really an event I Trade I Don't think many people are training it I Just want you to know that we got the PPI today. It's our second major hot inflation report. I Would argue that the retail sales was also a hot report.

so third, one of the week. it makes sense that things are coming down in terms of earnings. After the market closes today, we have DraftKings and then I Just want you know tomorrow morning we have John Deere Doordash is also reporting. Um, so we're We're pretty much at the end of earnings season a little bit later.

I Mean we have time. Let's get over this now because I think the mark. it's going to be crazy. so we might be spending more time watching charts today than going over stories because looks like it's going to be a volatile day.

Google asks employees to rewrite Bard's bad responses says AI learns best by example. So Google was trying to play catch-up with Chachi BT and they try to release Bard and in the public debut in the public I guess kind of Showcase of Bard It actually gave the wrong answers and it caused Google stock to go down eight percent the next day. Allegedly, the entire team involved in this and the presentation was, um, kind of like go in a very non-ceremonious unceremonies manner. Google Executive sent a document to employees with the do's and don'ts to fixing bad responses from The Bard Artificial intelligence tool.

Staffers were told to keep responses neutral and not imply emotion Google Search Boss um, whatever name that is I'm not even gonna try because I'll butcher it. Say contributors will earn an internal bad and a badge and a chance to meet directly with the Bard team. So I wanted to bring this up because I do believe there's a social backlash against chat B Chat GPT right now because Chat GPT is obviously obviously very, very politically biased. Uh, you could ask it to say positive things about Trump and it won't do it.

but you could ask it to say positive things about Biden It will do it. So it's kind of interesting that Google seemingly is going out of its way to attempt to be neutral. We'll see how it goes, we'll see if they can actually pull it off or not. But I would honestly say my biggest concern right now with Chat Gbt and maybe AI in general is are people coding in their own bias and it's like I just want AI to be based on pure fact and logic, not opinions.

And it seems like that's one of the biggest issues right now in Chat Gbt I like it for a lot of these other things. like if you just want to ask it like factual things or if you want to ask it about coding or something like that, it seems to be great. but uh, it's kind of undeniable that there is a bias in it on like, left-leaning political issues Bitcoin surges 11 despite U.S Crackdown as crypto markets gain 84 billion in value. Uh, I Want you guys to know this that Bitcoin Ethereum have a high high correlation with the spy and the NASDAQ.

If the spy and the NASDAQ get rocked today this week, next week, something like that Bitcoin In Ethereum will also get rocked. There is a direct correlation between Bitcoin and Ethereum. the Spy Nasdaq All that. they.

They're not uncorrelated, they're not inversely correlated. They are directly correlated recently. Bitcoin Ethereum have had a nice pop, but I Just want you to know in the short term, the chance of it holding is not the best if the overall Market continues to sell and sell and sell. Um, I'm saying that I'm not against Crypto I'm in Bitcoin I'm in Ethereum I'm in that actually.

Uh, for all of those of you who might be on Voyager I Just did my account connection to Binance to apparently get our money back from whatever the hell all that debacle is. It's so frustrating. I Don't want to go off I Don't want to diverge too much here I Don't understand why we're getting paid out in just like a notional value. Just give me my assets.

Someone has my Bitcoin give me my Bitcoin instead. It's almost as if they froze the price in July and then they're just gonna give you a percentage of whatever that price snapshot was in July which to me is seemingly so stupid. This is property. I Have a Bitcoin give me my Bitcoin I Have Ethereum give me my Ethereum.

the fact that they froze it and then they converted it to USD and then you're getting a Snapchat someone out there has my assets. Give me that actual asset, not the value of the asset and not a percentage of the value of the asset to me. and I don't speak legally is I'm not a lawyer I'm not a bankruptcy lawyer. but if I don't understand why it's being converted like and when you do bankruptcies and stuff like if it like I just want my thing I don't need it to be converted at all like I have a Bitcoin out there.

someone give me that actual Bitcoin Um, so that's and this is more of a painful lesson that we've all learned of: Not your keys, not your coin. Clearly, no crypto should be left on any exchange. So I that's more so learning this. This painful lesson that's now at this point cost me tens of thousands, if not hundreds of thousands of dollars from my lost crypto.

especially with Voyager. Um, we learned it from Voyager And that's why I Think a lot of us in here were not affected. particularly by FDX Is this concept of not your keys, not your coin. Do not leave your crypto on.

in exchange. those interest rate payments, those yield payments. They are simply not worth it. Exchanges are great to buy and sell, but it does not need to stay there.

You got to look at wallets whether it's hot wallets I Would actually take it a step further and recommend people keeping their money on cold wallets like don't have it connected to the internet. It just increases the security of it. Uh, painful, painful lessons of like how this is all played out a little bit later. we could talk about this craziness, but a judge just released who signed the bond Force Sam Bakeman freed and it's just two people from Stanford and we know his parents were a lot of professors at Stanford so they ponied up I think 500 000 for his release right now.

Uh, we could dive into that a bit later. We could also dive into this story Wall Street Journal the Wall Street Bets founder Sue's Reddit Uh so this guy Jamie Rugzinski, Ragozinski Ragazinski that's as like Polish as it gets ragozinski. Um, this is the guy who created Wall Street Bets. He is now suing Reddit so we could cover that um, in a little bit.

but the market will be opening in a mere seven minutes. So with all that being said, with all this craziness, I do want to just make sure that you guys have time today. uh for any questions, any questions, comments, concerns. Um, like I said, I'm going to be using as soon as the Market opens I'm going to be using that time to do whatever I need to with all the premium that I sold.

If you guys have been paying attention on the the past week I've been selling, call Premium like no other mother and today is the day that it's printing. The only thing that I'm really worried about is the Spy puts that expire tomorrow I was a little silly with that I was a little overzealous and I bought too short of an expiration date I should have been a month out, not a week out so that's my fault I have 400 puts uh 400 strike puts for tomorrow so unless we get to that 405 level I don't even know if there's a chance of me getting out for Break Even or recouping it because like, as of yesterday's close, I was down like 95 so that's the only thing I'm really concerned with I still have my Tesla puts Uh, they're not looking good right now, but I have a lot of time I have a full month from here. they expire in March so I'm not worried about those. and in terms of all that premium that I sold as of this morning, it's going to be printing Money Printing Printing printing money.

Did the odds change on the 50 bips? The last report? Um, it seems like this website's been a little slow to update it, but let me see, as of this morning where we're at uh up a little now it was nine, ten percent and now there's a 15 chance of the 50 bips, but still an 85 percent chance of a 25 bips. I Don't like using this this far out because the next meeting is in the end of March There's so many other reports and things that are going to happen between now and then that I would actually argue. These percentages don't matter much because there's so many other things that need to come out that are going to have an influence on it. So it's it's worthwhile to see how like a particular report changes it.

but I'm not going to use these numbers as gospel until we're quite a bit closer. I Just want to throw that out there to any everyone. Um, hey folks, if you haven't already, pay attention to what is pinned to the top of chat uh, before, just because we've been talking about so much of the option selling and all that stuff, check it out! Tiblio is definitely a tool that's been helping me a lot of helping me pick which ones I should sell and all that stuff. So many things going on in here.

the PIN to the top of chap in the description of the video tiblio is just like kind of an option scanner of picking out a mathematically advantageous time to do these types of things. I've been really focusing on the call Credit spreads right here and the put credit spreads recently call Credit spreads. but the fact that they broke this all down and they tell you the strikes, the the percentage of profitability. Uh, where to get in? Like all this, it's just such an incredibly cool tool backed by pure math.

It's not people's gut instincts of going up or going down, it's just saying right now in the options Market there is a mathematical Edge to doing X Y or Z if you want to check that out. it has been to the top of chat. Check it out with Tiblio. Um man, the Market's still coming down.

I Like that. A dollar Very very strong. If the dollar keeps up the strength, I would expect the market to continue to sell and sell and sell. Uh, what is we? We are a campaign.

What the hell is this All right? Let's get ready for the day. I Have lots of calls and texts. Everyone's wondering what the hell is going on today and I think maybe that's a fair question for all of us. All right? So I need to take care of my options right out of the gate and then we're going to get into some day trading In maybe a half hour after the Market opens, it's gonna be quite the day.

Uh, check out Tibly open to the top of chat and also on top of that just because I know I'm gonna most likely forget today if you haven't already hit that like button really helps out with the battle. Leaderboard on Rumble helps out with the algorithm on YouTube like And subscribe on both. Um, the next big sub goal that we're going for is on Rumble we're trying to hit that 69 420 Subs Uh, we're a couple thousand away. So if you want to be that person who says you got in before the big magical number, this is your time to do it.

So like sub, especially if you like this stock options crypto Futures breaking news type of content or if you're just a person who likes a degenerate Gambler a degenerate Gambler by your side. That's what I'm here for. If today's surprise you, you need to be paid closer attention to the bonds. Market Uh, so disconnected it screams Market trap Yeah! And also there's other technicals like the advanced decline line, the internals.

uh, a lot of this pump lately just seemed very much like a fictitious pump. It doesn't always play out that way, but it had various indicators that this could have been a good rug. and that's what happened now. I'm saying this now.

We don't know how today is going to go. There is a theoretical chance that the market could just open and rip all day and go back up to that. that. I'm not saying just because we sold off now that we have to keep selling off.

But I Do believe that reality is finally settling into this overall overall equation because we've just gotten reports that are not good. we've gotten bearish hawkish reports and it feels like reality is finally kind of catching up with everything. The dollar is crazy strong. We're seeing the spine, the cues get hit.

We're seeing Tesla still at a crazy elevated price I I Don't know how I think Tesla should be trading 20 30 cheaper than it is right now. Uh, seems to be very elevated and it's been holding up. Tells me that some sort of big buyer keeps stepping in I don't know who it is. It could be someone like Arc invest or I I don't know who it is, but some large buyer out there is still providing buy-side liquidity to Tesla and it's keeping it higher than everything else.

I mean Tesla's only down 1.5 when the Spy is vomiting and the accuser vomiting, the overall NASDAQ is down 1.5 percent and Tesla's only down 1.6 That's Insanity That's truly ridiculous. Oh man. All right. well, the Market's about to open.

Oh Moto Dallas I am So with Christine on this, I have no idea how to get my Floki on my ledger. Oh well. some ledgers don't support all crypto, so sometimes you need a specific wallet you might with Floki Uh, maybe someone in chat could help me out with this, but you might have better ad uh, better luck on something like metamask wallet I Don't know if you're going to be able to get flokey on a hardware wallet I Don't know it off the top of my head I wouldn't be surprised if it exists I just can't like recommend something right away. Um, but if you're trying to store it in a wallet, you might be looking at metamask for that one because I know it has different networks uh that you could connect to.

Could you do a video on self-custody setting up a crypto wallet? I'm A and it will take? Yeah I mean I could definitely help you out with that. Uh I Can tell you guys right now that the cold wallet I Use it. Dingy ding ding ding. The casino is open.

Best of luck to all. Play responsibly and if not, have fun, let's get ready for some Bloodshed today. Um, I could definitely make a standalone video of the wallets. like what's a hot wallet? what's it called wallet? What are the ones that I use and whatnot.

But just for those of you listening right now, the main wallet I used my cold wallet is a ledger Nano X and other than that I have Coinbase's wallet that hot wallet I have Meta mask and I think there's another random one in there. uh maybe for my cardano I have like data list or whatever the hell that's called I have a couple wallets but the main cold wall that I have is The Ledger Nano X and honestly, if you get one of those, you just plug it into your computer like a USB. If you want to be super secure, you could like Air Gap everything. but you just transfer it over like the way you would sell send crypto with a wallet to a wallet like just in the address you plug yours in, you send it to the right thing and then it's just there.

And it's as if as long as you're not connected to the internet with it, it is a cold wallet you can store Ada on Ledger Now Okay, so it sounds like they are increasing it. So most of my ledger stuff like I think of Ledger basically just for my Bitcoin Um, but it sounds like they are increasing their technical capabilities to start, including uh, other other cryptos, other coins, other tokens. All right. let's with all that stuff though.

Remember it is. If you were a person who like commonly forgets your password and all that stuff, you need to be careful. There's no helpline to get connected with if you're like I don't know my seed phrase I don't know my password. If you don't know it, it is gone there.

There's not. That's one thing when you're talking about decentralized currency. There's not like a company that you just call up and you're like I lost my Bitcoin That's just. that's just not how it works.

So be very, very specific about that. Um, get it somewhere secure. Get your passwords I Don't know. Put them in some place where you're just not going to lose them.

Uh, passwords need to be treated like gold coins in a safe. Yeah, I Just wanted to be clear that if I I know some people like I don't know. There's even times where I'm like what's my password, what's this that and then like I do like a password reset with the company that is not really in option available to you in the world of crypto, not an option. Ooh I Wanted to check on all of these positions.

Okay, so they were trading at 10 cents yesterday. My puts, now they're trading at 26 and I think I'm in at like three dollars. So I'm making a little bit of money back. Um, but I very much need things to come down to make more of this money back.

In terms of my other things going on, okay, okay I do have a Feb 17q call Credit spread that one is currently down uh I need the keys below 305 and then I also have a March 3rd, 315 by 316 that's somehow down. That seems like uh, spy a Feb 22nd, uh, 102 by 101 and 418 by 4 19. those should be looking pretty decent today. and then all the Tesla ones I need Tesla to really come off of that to 15 level and stay below it.

Okay, I'm just checking in on what I have going on what I don't have going on in the top left is the overall Market In the top right is you're more of like your Tech sector. The bottom right is the dollar. We've just been paying attention to this inverse relationship. the Dollar's been ripping a lot lately which is not so.

Bueno for the market, not so good for the Bulls um I am expecting things to come down today. uh looks did we get that Gap fill. Yeah. Okay, so the Spy quickly got its Gap fell out of the gate so we kind of cleaned that mess up and I'm just wondering if this is gonna hold.

Remember the breakdown area at least in my mind. The way I do technicals would be the spy at 408 408.50 if it cracks through that I think then we're talking about 405. um and I think we'll get an indication of if it will happen or not if the dollar keeps ripping. if the dollar in the bottom right here just keeps pushing up I think there's a better chance of the overall Market continuing to sell and sell and sell To sell and sell and sell which I do believe is going to be happening.

So while we're waiting for things to open up and breathe and just kind of get that morning chaos out of the situation, uh, do you guys have any questions? Any? I guess charts? You want me to look at? Any questions on options, Any questions on Crypto? Any questions on life I haven't gotten that far in Hogwarts I think I Just like basically got through the tutorial and I just learned some fire spell called incendio and I've just been lighting people on fire lately. Um, and I what did I just do? I'm really early in that Hogwarts game I Did the I walked around in a library and some clown knocked on me. He's like you're not supposed to be here. you're not supposed to be here at all.

Did I ever start playing? Upland No I never played Upland is Harry in the game? No, it's kind of the game. Storyline seems to be very distinct from uh, like Harry Potter's timeline I Don't know if it's before or after, just like a kind of a parallel timeline, but it doesn't really have those characters or anything like that. at least so far. I'm super early into it.

What did you have for breakfast? Espresso like a real man does I Don't need food I don't need to carb load in the morning I need to get caffeine into these veins and make dumb bets on the market. Food just gets in the way of that. What did I do for Valentine's Day Um, we went to this really cool Italian place got some good pastas, some good Pizza had some good wine and I also got some chocolate covered strawberries from Edible Arrangements so that one crushed as well. Had a good Valentine's Day appreciate that.

Nespresso Vertio Yep, you know it. Uh, right now they're running a deal on some sort of weird Hawaiian like Bean espresso that's pretty good I Had three scrambled eggs and white rice for breakfast or for Valentine's Day Now have you ever been to Warner Bros Studio in London No. I've actually never been to uh England at all I've been to Europe I've been to Iceland but uh I don't Oh no, that's a lie I I have been to the mainland I've been to Amsterdam and Belgium I went to Brussels but I have not been to England and specifically not London Uh, can we take a look at hymns again? Yes, Um. I'm holding a 3, 17, 10, 11 call along with a small amount of nine o'clock expire tomorrow.

What are the levels? If it breaks 10 hymns? All right, we'll just do a hymns breakdown gotcha. Camille I Thought you were supposed to skip breakfast to save money according to that headline yesterday. that's what they say. but I don't know I'm just not I Love breakfast food I'm just not a breakfast eater I Just don't get hungry in the morning I Don't know I Think we all have our different biological rhythms and clocks and whatnot I Am just not a breakfast eater, but breakfast food.

There's a decent argument that it is the best food. I Mean have you guys had a bacon, egg, and cheese on a awesome New York Bagel or French toast or an omelette like a nice western omelet with cheese? I mean breakfast food slaps. Happen to live near Hogwarts prior to them using CGI for it. so I actually have been talking Oh, that's pretty cool.

Where was the Paul Where was the initial one? A little bit of a pop right off of that support. remember I said 408 to 408.50 That's what we're watching to see if it holds or not. 408 to 408.50 And we seemingly bounced that 408 25 Almost like perfectly in the middle. Uh, pay attention to the dollar.

The dollar was pumping back up as the market was selling, then the dollar got smacked, and now the Market's popping. Starting to learn how all this stuff is intertwined with each other. Can't afford eggs right now? Well for all the people who maybe just already have chickens, how many more years have to pass before people figure out that mainstream media propaganda has to continue to manipulate their emotions to control them? I Mean that's kind of just a high level statement, but I think a lot of people are already well aware of that. I don't think there's many people out there who like straight up trust mainstream media.

I Think there's people who watch mainstream media that they're biased to. but I think even those people know that they don't trust it. Uh, I bet there's polls out there. but I bet the trust of mainstream media if I just had to guess right now.

I Wouldn't be surprised if it was at an all-time low or very close to an all-time low and kind of a volatile opening. We've moved a full dollar. We popped a little sold off, hard, v-shaped popped right back about to tag a new intraday. High We're all over the map today.

This is the this right here of what you're seeing is exactly why I Don't like trading right at Market Open. It's one thing if you have a swing play that you want to just collect your profits on because maybe the overnight session went in your favor. but to create a position this early? I it's just there's too much whip saw. Sometimes you get in and you buy and then it rips all day.

Sometimes you get in, you sell, and then it sells off all day. That's good, but most of the time the opening, volatility and chaotic nature. it's just this type of. Turn It whips up.

It whips down. It whips up. It's I would argue that there's quantitative reasoning for not doing any new trades right. at Market Open.

it's just too much chaos, especially if you're a day trader. It's one thing if you're like I want to get in because I like this price and you plan on swing training him as in holding it for multiple days. Yeah, that's a different story, but especially for those of you who are in here and like you like to do day training, creating a position this early. It's just it's it's luck.

You're not playing on an actual strategy or system. you're just hoping that you get lucky and you might get lucky nine times out of ten. But it's that tenth one that's just gonna rip your face off and you're gonna lose all your profits. Hey, don't forget to stand up folks.

We we all know that sitting so much. Hey, if you're if you're listening to this right now and you're sitting at your desk, let's stand it. Right up. Let's stand it up.

Let's stretch out your lumbar. let's burn a couple extra calories. Let's stop with that. Um, bad bad posture Jimmy is down.

uh, 1.84 but it's popping training at 21 AMC and Ape AMC ape and Jimmy all look the same. They're just being traded as a basket, but Jamie's down two percent. AMC's up three percent and Ape is up one percent. Um, those people who had the predictions of AMC hitting 140 this week, it's currently trading at five dollars.

Which means between today and tomorrow, apparently things are going to get really crazy. I'm saying that facetiously because the people who told you AMC was going to be at 140 last week and this week are stupid. Imagine thinking that Something's Gonna rip while it's actively being diluted like in the middle of delusion, like not even close to being done with dilution. The fact that they thought the company would be like, no, they're just gonna let it rip all the way up there and then they're gonna sell.

So stupid, so so dumb. All right. Would love for Oxy to be a little bit stronger. oil is holding, but we're not seeing that convert too well over to the world of Oxy.

Uh, as of now, but maybe patients will play. Maybe patients will play. So we got the upside: Gap fill we're in between right now. the two previous days lows.

That's what I've marked off here. the uh, non-dash line. The solid line is yesterday's load. The dashed line is the day before is low, so we're currently pegged in between those two.

and I'm just looking for 408 to give way. and then I'm looking kind of for a vomit down to 405 In terms of the cues, The Q's holding on a little bit better. The cues have been outperforming in just recent history. Well, also in any longer time frame, these high growth stocks have been doing better.

but also in bad environments, they end up doing even worse. just higher volatility plays bouncing off of yesterday's low right here on the queues at the low of 304. So let's see how this ends up playing out. But lots of whips off.

Whipped up, Whipped down, whipped up, just vomited. now bouncing back already craziness. And this is why I am a devout believer. That's Sometimes The best thing you can do is just sit on your hands, just wait.

We have no clear Direction yet. there's no clear Trend yet. We know in pre-market things were selling off. but that doesn't mean it's going to happen.

I mean remember pre and Post Market on a relative basis or far far lower amount of Trades way less volume. Uh, so whatever happens in pre and Post Market can easily be undone or even Amplified in the first couple minutes of training, there's just way way way way less shares being traded in pre and post. Market Um, not talking about Futures here. but I'm talking about like stocks and options.

Well, not many options unless you're trading SPX But let's just talk about most: Securities There's not really an advantage for you trading pre and post. Market Uh, you're not protected by the Mbbo, the national that's been an offer, so if you think that during the market day, you're getting screwed over by market makers, you're actively being screwed over more in pre and post market trading. Um, you're way lower volume, so it's great. It's way easier for things to go up a lot and down a lot.

Just a lot more whips off. It's just I I Don't put too much weight on the actual movements of pre and post Market just because there's not much volume behind it supporting those moves. Uh, Google's dumping. Uh, there's the clear shred my friend.

It either goes up or it goes down. Yeah, trading is easy. You buy low, sell high or sell. High Buy Low Easy peasy lemon squeezies.

It's when you do the opposite of that that you lose money. So happy to help you define all that. Uh, never understood day trading options. Just trade Mes Futures instead.

Uh, there's some advantages. Uh, obviously when you're trading, Mes is all going to be linear. Well, Options, if it goes your favor, could be exponential. Uh, so there's that.

uh. One advantage to Futures is there's no pattern day trading. and Futures Trading there is obviously an options trading. Uh, I mean I trade both.

I I Wouldn't say one's better than the other. They're just different tools that should be taken advantage of at different times. I I Wouldn't say options is better or worse than Futures. It's just you got to know what you're doing in both of those cases.

Yeah, but they can actively kill your premium. It's kind of a higher risk, higher reward. That's my point is, you just have to know when to use them. Pattern day trading is a crime.

Um, I Think it's one of the dumbest rules that we've ever come up with. We're continually pitched this concept of the market being fair and equal for everyone involved in it and then right right away. One of the first things they do is say that if your account's below 25 000, you're not allowed to trade at the same Cadence of everyone that has more than 25 000. So then there's just a bias towards people who have more money and then it gets even worse the higher you go.

Uh, even with retail accounts with like a couple million, the things that you could do when you're like a big bank with billions, it's things that are simply just not allowed to the retail training public like whatsoever whatsoever. and they at all these big levels. Uh, you're gonna notice that there's like just different tranches like is the contracts and like that type of stuff and it just gets worse and worse the more and more money you have. Matt Are you still long on Roblox Uh, I'm up 25 on it? No.

I haven't had a Roblox position in a while. I like it fundamentally I will I more so like it of the fact of so many people come in here and say it's like basically an addiction for their kids so it seems to be very popular I think at one point I did have ROBLOX but I haven't had a position in Roblox in quite a while. Uh, but I I saw how bad it was being sold off and I thought that was interesting and I probably should have been a little bit more aggressive with paying attention to it and buying it on the dip, but it's going up now. Foreign.

What else do we have? All right? I'm just kind of waiting waiting for to see what we have here. We have higher highs, we have lower lows Tesla's popping. It still blows my mind I I Don't understand who's buying Tesla in all this right now I mean Tesla's ripped from 102 101 up to 213 in a month I Just don't understand who's right now thinking this, be like yeah, I know I'm gonna totally Chase it because this isn't retail, you have big big big money buying Tesla right now and it just feels like they're taking all their own risk tolerance and like eating it out the window. Matt Can you help me understand this? I have 1250 AMC split into AMC and Ape 625 each.

How many shares will I have if it reverses? And how's the price determined? Uh, broke ape thanks. You'll have that divided by 10. so you have 1250 between the two so you'll have 125. Um, you just divide the number by 10.

how is the price determined? The price is to determine the way price is always determined. the open market. The price is determined by the highest willing buyer and the lowest willing seller. No one ever just sets the price like when you do a split or something, it's not like you type into your screen like okay, we're going to trade at this price.

Price is a hundred percent of the time, always set by the highest willing buyer and the lowest swelling seller. That's the price of anything. So people are gonna change what they're willing to buy and sell at based on certain news. but it's not like someone goes into the computer and like, okay, we have to do this now.

No, they just do the stock split or the reverse split or anything like that and then the market reacts accordingly. Uh, but it's not like someone types it in. Uh, but in terms of how many you have, you just divide it by 10.. theoretically you should have a tenth of the amount of shares at 10x the price.

So no value should be created or should be lost. You should be in terms of your total net investment the day before. It should be the same the day after if everything else is held constant I'm not saying everything else will be held constant, but theoretically, stock splits and reverse stock splits do not create nor destroy value. I'm willing to sell AMC at 100K I Think a lot of people would love to sell it at 100K but it also probably won't get there.

I Think that the government and the SEC I Think there's so many regulatory bodies that would step in before that. Matt At what point should someone give up trying to be an options day trader? I I Think that's more of like a thing for you. Um, it is most people who try to be day Traders whether it's options or equities or crypto most day. Traders and I'm talking about 90-ish percent.

The last time I looked into it, end up failing and losing money. Uh, the odds are greatly stacked against you to be a day trader. Greatly stacked against you. But then the people who do it, they hit it and they can hit it Very, very big.

So that's kind of like. The alluring nature of it is like you have a small fragment of people who are very, very good at it and then they're like hey, I was a 25 year old doing nothing with my life. then I found day trading and now I own a full Fleet of Lambos Um, it's possible I don't want to be here and be like, no, it's it. It's not impossible by any means.

it's just very, very unlikely. If you want to increase your odds of success, it is statistically better to be a swing Trader and or an investor. But remember, when you have a smaller time frame, you're dealing with way way, way more. Randomness So even if your theory is right in a small time frame, it might not just play out because of said randomness.

What do you think about Nine Love you? Is it Nine a crypto? Mining Company I Believe Nine is a crypto Miner Um I would never get a crypto Miner What is this one? Oh wait. Nine is oil field services equipment. sorry um I For some reason what am I thinking of I don't know what I'm thinking of uh I don't know anything about it I am bullish on energy right now. but I don't know what aspect of the pipeline or anything like that Nines involved in.

uh I am bullish on energy I am particularly oil. but I'm just sticking with the the big classic names like Chevron Exxon oxy I I don't know what Nine does. Um, it looks like a shoulder head shoulder. It looks like a recently like just from a technical analysis.

It looks bare shoulder, head, shoulder, snap the neckline at 12 and sold off might be able to catch itself here. It's clearly in a downtrend, but from a fundamental perspective like I I Can't fairly say anything about it. Okay, a 100K share on AMC would be a market cap of 10 trillion. Yeah, I mean it's not going there.

10 trillion people? Like There's people who like they love to throw out numbers and most of the time I think it's just some form of a troll. like they're just saying numbers to say numbers. But then it's like worrisome to me because I think then there's other people who maybe just don't understand the implications and they're like, well, hang on. This company traded at a hundred thousand.

You should never be comparing the price in stock of two companies. What you can compare is the market cap. Um, there's some companies that have a lot more shares. There's some companies that have a lot less shares.

but as you alluded to, I mean some of the prices that people are throwing out I think it would even be higher. At one point the there was I remember like in the craziness of it, this was probably right around the time of AMC in June like really ripping people were like well I think it'll go to this and then like some people not understanding geometric mean and they're like well based on geometric meaning can run here And they were literally saying that AMC would be worth more than the entire stock market, not just 10 trillion. Their math came out to being over 50 trillion as in they thought a movie theater train that was not doing well fundamentally would be more valuable than the entire stock market. and people just believe that they're just like okay, sounds good.

um I think most of those people are in this because they're just like it's a troll. it's it's more so funny than anything else. and I get that. Um, but then I get a little worried because this entire movement and the craziness in the market has brought new people into it.

and if you're new, maybe you just like don't know what you don't know type of a deal. All right, the market has been running up ever since 9 38 we have the Spy We have the cues, but I'm watching this trend line because we might see a little bit of a crack. We might be seeing a little bit of a crack. What time is it? It's not even 10 yet.

a little bit of a crack. All right. Patience, patience, patience. I Think we're gonna have some really good opportunities today.

and in reality, if you are in a short time frame bearishly biased on this, All right. Do I just want to try this. Do I want to take my first shot of the day? Do I want to go for it? Do I want to go for it? Do I want to try to play this breakdown? All right, All right. I Just played that breakdown and I'm setting my risk at the recent high so we'll see if I'm right or wrong.

We'll see, We'll see, We'll see, we'll see. But uh, I just played this breakdown in the NASDAQ futures market. so it's directly equivalent to the cues. but I played it here on NQ and I'm literally just risking.

uh this recent High keeping my stop really, really close. Really really really close. We'll see how it goes. We'll see how it goes.

We'll see how it goes. Uh I know it's a little early I was trying to wait for 10, but also that came at the breakdown and maybe my inability to hold on for another extra minutes. It might stop me out on this one. Um, like I said, my risk is extraordinarily close I Just I'd rather take a paper cut than blow up my account on potentially a bad trade because it has been pumping I Mean we pumped a dollar fifty in like 20 minutes.

But we'll see how this plays out. Actually, when am I even in at right now time frame? Let's go. Okay, I'm in a 560 and it's trading at 570 right now. All right, let's see if it comes down.

Uh I went short right on this breakdown. It would have been nice if I waited for. maybe it's gonna stop me out. We're kind of in that chop decision.

Zone We see that the Spy broke down below its trend line. Uh, what? We should be checking in and it is the dollar. The dollar pumped a little bit. huh? What's it gonna be? I Feel like the most nerve-wracking time of any trade is right when you get in because if you're like me, as in one of the most unlucky people out there, it seems like the second you go in, it like immediately goes against you.

Which is exactly what happened here. What is it doing? What is it doing? Come on, hold, What are we doing? Whoops! I'm watching this very very closely. I already have my stop set. You'll hear it if it knocks me out.

How did it not? I'm actually surprised that didn't knock me out. What are we doing? The dot: uh I think I was a little early on this one I think I was a little early. it tagged 306. We have the Spy pop back up to 309 40 50 right here.

Decision time, decision time. Oh did I get lucky? I mean it came right up to my stop usually I'm the Unlucky person where it like comes right up to my profit. Target and I don't get my fill. Is this going to be one of those days where I just get incredibly lucky.

Wow! Holy crap am I the luckiest kid on this side of the Mississippi No way, no way. I never get lucky days. No ice shanties this year. sorry Matt At least down east you're gonna have to call up north.

It does seem to be a crazy mild winter. I mean I was out on the streets of New York last night walking around I was like 55 degrees. it felt great. Come on.

No, stay down. stay down, stay down, stay down. Uh, let's do the three minute. Okay.

Red, white and blue upside down, blue, white, red, inverse American flag that's not so good. Uh, this was yesterday's low. We bounced off of yesterday's low. That's what this the.

This solid red line is the previous day's low. The dash Red Lion is two days ago I Like to just pay attention to those those pivot levels. Um, all right dude. I look at this.

look at how stupidly lucky I got. Uh oh wait, you guys can't see it. My stop was right here at 12 595. I was risking 700 bucks basically and it got us how high is Nine two? So I went short right there.

That was my stop. It came right up to it and I just didn't get hit and now I'm basically break even I was up for a second there, but we'll see how this goes. Um I would love a little bit of a vomit here and then if it does that, if I get a vomit, I'll be able to move my stop to break even and then I don't know I always like to aggressively move my stop to break even like if there's a nice breakdown here of I guess 12 12 500. Uh, you can bet that my stop loss will be break even so even if it goes against me.

Worst case scenario is I'm just scratch on the trade. Um, so I'm a little bit more aggressive with my first stop loss move than my other ones just because just trying to be focused on the potential downside rather than that potential profit. But roughly right around here we could call 305 I don't know. 20 25 something like that is roughly my entry level if you want to convert it over to the queues.

Uh so I see the dollar? the dollar? Try to pop here I Just need the dollar to keep going if the dollar can keep trending upward. I should be good on the position. Let's switch this to the three minute. The one minute is getting a little busy.

Uh, we broke below these trend lines. All right. we'll set some alerts. Here we go.

I Think this is where the party's gonna get started folks. This is what we waited for. This is what we waited for. Come on.

keep coming. Come on. let's do this thing. Let's get partying.

let's get going. Come on. come on. come on.

Uh, nice rejection off these EMAs I Just want to take out here. We'll set up an alert ADD Alert Okay oh brother oh brother oh brother oh brother oh brother oh brother oh brother oh brother oh brother. What a day Feels like we're gonna have a pretty crazy day. Feels like it's a important day.

Obviously, sometimes when you feel like that, it ends up becoming nothing and people get all hyped up. But once in a while you get the call right and it does become a massively important day. All right. I Have alerts at the current lows at alert ADD Alert Uh, if you want a good idea of like who's in power, pay attention to the dollar.

If the dollar keeps going up, it'll probably favor the Bears. If the dollar is going down, it'll probably favor the Bulls kind of an inverse thing going on with the dollar Index tracked by D X Y Dixie Uh oh, are we putting in a higher low? What are we doing here? What are we doing? What are we doing? All right in case it starts to turn right here. I'm going to be my fingers on the trigger if you will too. But I see the dollar still going? Maybe I shouldn't be that jumpy.

Maybe I should just be ride in the wave riding the wave of crate. I Just see the dollars still going I'm surprised that the cues aren't vomiting more. The cues are down. Everything's down about 1.3 percent.

this by the cues. The Russell uh, how's crypto doing? Crypto still actually holding strong? Impressive. Impressive. Impressive.

Impressive. What's my average? Fill out 60? Okay, 60 and we're trading at 52. So I'm just ahead of break even right now. I'm surprised that I don't know man.

I'm just seeing this dollar. the Dollar's just ripping the Kingdom Come Tesla's holding on. how is Tesla holding on Apple kind of going flat, not doing anything Google popped and then gave a little bit of a back Microsoft flat meta pop giving a little bit of it back Amazon kind of looking like Google Tesla is Thoroughly confusing to me right now. All I see really is that this dollar is still showing strength.

So I'm trying to hold my position as long as that thesis is still intact. Uh, remember short time frame stuff if you're talking about the one minute, the three minute, the five minute, even. Sometimes the ten minute. Remember, short time frame has a lot of Randomness It could pop whatever 50s it depends on obviously what you're paying attention to, but it could pop a certain degree.

Give it right back in the next bar. Remember, short time frame charts have much more. Randomness So just because we haven't just been selling, selling selling right here, that doesn't mean my position's bad. And obviously it's not confirmed as being good.

but that's the game of it is like. especially what are we at? We're only 35 minutes into the training day. After another major report this morning, it's our third one in this week. We had some craziness in pre-market I Think it's environments like this that you have to almost expect.

like you almost have to be mentally prepared for larger swings. Sometimes you get lucky and those swings are in your favor and then other times you get your ass handed to you and the swings are against you. And it does for whatever odd reason. Always kind of have the vibe that the swings are particularly against you.

but if we can take out for her 12 500, 32.50 I'll be feeling pretty good I'll be feeling pretty good if we could take that out. Crap see and these are the times that like I really hate in short time frame stuff is just because when you see contradictory signals I see the spy and the cues bouncing again. but I see the dollar still being strong so it's just like, well, okay, you get one signal that's bullish, one that's bearish. just like what's going on like they can't both simultaneously be right.

And that's the point where sometimes you just get caught into holding onto your own position and you just end up praying that yours is the right bet. Uh, those are the painful times. The painful, the painful, the painful times. Crap.

the cues are really popping off of that. Am I going to get lucky for a second time or am I going to get particularly unlucky and I'll come back up, break it ever so slightly, double top and just vomit from there. And once again, we've already shown you that this is the advantage to waiting till 10 A.M waiting till even that like I know I I Try to have these rules and once in a while you kind of change it be like okay, it's 9 55 that's what I did today and even if I just waited I would have got a better fill. So time and time again, it's just.

you could have your own rules and it seemingly every time you break said rules, it just absolutely destroys you. just not worth it. Who? The market internals are still pretty bearish. That's probably because of the dramatic move in pre-market The dramatic move in pre-market All right.

Trying to hold out, trying to ask myself how much pain and do I really want to withstand. especially because yesterday was a it w