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00:00 Intro
01:50 Am I The Problem?
04:04 The Market
05:15 Little Change Today
06:21 Rates Aren't High Enough
07:27 Tightening Ahead?
12:01 Russia
12:46 Student Debt
14:25 U.S. Chip Restrictions?
15:25 Bed Bath & Beyond
17:09 The Week Ahead & Seasonality

#Stocks #LiveTrading #BreakingNews #Live #AI #AITrading #Bitcoin #Ethereum


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Thank you Foreign foreign, what in the world am I doing with my life I Just I Don't I Just you ever just look at you guys, ever look in the mirror and think to yourself, that person right there is the person who's ruining my life. Is that just me? Do you guys ever have a couple too many sangrias at a bar and you go to the bathroom and you catch yourself in the reflection and you stop for a second and you just think to yourself, if that person in the mirror just like wasn't here, my life would be way way better. That's where I'm at. I Just I I think I need to call the Guinness Book of World Records for just doing the dumbest successively in a row like I Honestly think I could be setting a record for the dumbest person on this side of the Mississippi Welcome back to the Mad Core show where I'm Matt Coors you're the live show and as you watch me, you are.

It's The Truman Show of stupidity where I am the the star apparently of straight up stupidity. uh, a natural gift if you will. Born with a talent mastered over many years. but I I Don't think the world gets more dumb than me.

Uh, that's where we're at. so we're gonna talk about some things for sure. I'm gonna give you a recap of what happened in the world today, just in case maybe you were contributing to society in any beneficial. Way Beyond What I did today? Uh, which was zero so definitely not hard to be.

So I Want to give you a quick rundown of the major news, the major updates in the market, and what to look forward to for the remainder of the week. If you haven't already, don't forget to like button and don't forget to subscribe. But most importantly, check out what's pinned to the top of chat. Check out what's in the description of the video.

If you want to become a goonie, do it. Macquares.locals.com pinned to the top of chat. It's ten dollars a month. You can get one month free with the code Goonie, You're gonna like it I Really, really think so and you can try it out for a month.

and if it's not for you, cool just and don't renew, it's pretty easy. Peasy Lemon squeezies. Um, so check all of that out. And on that particular note, let's switch it over to take a look and see at the market.

The market came down at first rippity, skippity doo dah to the upside. and then when Pal was done speaking, we vomited into Biden's speech at 1pm buy it in speech. we kind of got a pop. he was done a little bit in here and things were coasting higher.

uh, but a fake out liquidity to grab without a doubt. And then we vomited. and then this was a fake out liquid you grabbed to where we popped and now it looks like we're just kind of mid-session and the reason why I'm like explaining to you why I'm also stupid is because on this vomit right here on this breakdown: I Took a bet against the market around 4 35-ish and at first I was looking good I felt good I was like dude you crushed it, you're on fire and then the next time I checked it was all the way back up here in Grand and we're coming back down to a little bit of the Zone like I'm comfortable below 435 so we're coming a little bit down. but um I don't know what I'm doing because it's against the daily Trend it's against my better judgment.
it's against everything and I I don't know what to do but I'll show you my positions and whatnot in a second. Let me see how quickly I could rip through everything S P 500 is little change as Traders weigh New Pal Comments So a couple of things going on in the overnight session to this morning, there was big news related to the world of semiconductors. Is the US going to stop companies such as Nvidia and AMD from selling to China even their lower tier technology? So that was a big concern. But obviously if you looked at the semiconductor world today, it didn't seem to matter much.

Yeah, there's a big gap down, but we kind of just rallied back to the upside. so that was big. The next big thing was what this title refers to is Powell The Chairman of the Fed and his commentary with other leaders of Central banks throughout the world. They were talking around 9 30 this morning.

It lasted for an hour or two, so we're going to dive into that, but obviously all of them are still remaining pretty awkward right now because inflation is pretty serious and then at 1 Pm ET that's when Biden was talking about Biodynamics and his highly high level vague plan for the economy coming soon. So a couple of things to break down of what happened last night also what went down today and then also what we should be paying attention to for the remainder of the week. and I very much think that the fireworks will be continuing. But first, check this out.

Rates aren't hiding enough. If you look at this looks like a green Louis Vuitton Bag What you wouldn't know about this upon first glance is the fact that it is microscopic and it cost almost 64 000 dollars. 64 000 for a purse slash bag that is on the tip of your finger. The microscopic handbag.

This is what it looks like when you zoom in at first, probably a normal bag that everyone's thinking, why would I need a vibrant lime green bag But no, This shows that maybe some people in the world in fact do have too much money. and I agree with TTI here. maybe rates aren't high enough 64 000 am I Losing my mind I In fact, I know I'm losing my mind. but what? Who buys this? I Just don't get it.

But anyway, you know who might be taking care of that issue for us, daddy. Powell Powell and Central Bankers see more tightening as economies withstand hikes fed ECB and the Boe heads say their inflation fight is not done. So the fed that's our Central Bank the ECB is the European Central Bank and the Boe is the Bank of England. So all three central banks obviously just for the US Europe in general and then particularly the UK heads say, or particularly England sorry if I've offended anyone.
Uh, this is a comment from the ECB president. A woman's got to do what a woman's got to do and they're all just kind of like reiterating what the other ones are saying of yeah, inflation's High We're not stopping because we don't see reason to stop because even though inflation's high and obviously we're putting downward pressure on the economy, many many economies on the global scale are showing an incredible amount of resistance in a multi-faceted way. the labor market proving to be strong energy kind of coming down faster than people expected. and on top of that, we're seeing things such as shelter remaining pretty sticky, so it's still a very serious problem.

So that's where we're at in the U.S but also Global globally specific to the US Palace has more restriction is coming including possibility of hikes at consecutive meetings he his verbiage was actually two or more. So going into this, we were kind of all under the assumption that yeah, okay, in July Wednesday July 26th the next Fomc meeting uh, we're gonna get another number another 25 bips where 500 bips in total five percent. and now we're looking at in the Late July meeting 82 chance of going up to 5.25 or 525 Pips And then the assumption is that by the end of the year we'll have another one. but if you go off Powell's commentary today he said two or more as in that's his personal base case or at least that's how it sounded.

And the bank of England not far behind Bank of England Governor defies critics says surprise rate hike was justified to tame inflation so it's kind of the same dessert. Slightly different flavors across the entire board. And because of that, when I was looking at the daily chart recently, I was like okay, this is good. Like if we don't look at today if I like were to cut it off just like that I'm like great We ripped to the upside.

lower highs, lower lows. uh oh higher low. Time to go bullish. We broke above yesterday's high on if don't look at this last kennel, look just at these three.

If you look at these three, the middle one has a lower high and a lower low. That's a classic vomiting bottoming out pattern. you the high goes lower, the logo is lower and then the high goes higher and the low goes higher as in like a V shape. like almost like a valley a V shape.

But then today we're cruising to the upside. we break above 436 75 was my main Target and then we got smacked hard. It's not a good look when you get smacked this hard on a breakout, most likely related to what the central banks were saying. particularly what's going on with Pal.

So because of that I I'm just super upset with myself because I didn't keep to my rules when I saw this all playing out I was like great the bounce I try to go long it was a Smackdown So I was like all right time to buy these puts going down and then this bounce right here. what happened from three to three Thirty it just it makes me so angry it makes me think it makes me know. It gives me another piece of evidence that I might have the record of being the dumbest person on this planet now. I'm saying that and you might be thinking to yourself but Matt you made money this morning I Saw your account get above 60 65k, you crushed it and you were good with your risk reward.
What could you have possibly done that is just making you this frustrated? Well first of all, I'm not seeing the official reversal yet on the daily chart and I love to trade in trend on the daily chart and for this to be in Trend To the downside, tomorrow we would have to break today's low. So first of all, even if this is a good legitimate trade, I'm still a day early unless we somehow between now and the end of the market which is in 22 minutes unless we somehow break below yesterday's low today which I the market doesn't look like that. Basically I got a little too Chasey here didn't have my wrist set up well I did I had risk. My risk is obviously 436 but I bet way too big when I show you my position when I tell you you my position I think some of you are gonna like find me and just beat the out of me for being so incredibly stupid.

But anyway, that's what's going on with the central bank. Another thing I Just wanted to share about what's been going on on the global scale since we are talking about Europe and the bank of England Uh, apparently the way Russians interpreted this whole Wagner coup Uprising way different than I would have ever expected Russians greeted Wagner Mutiny with a shrug and internet jokes. So the way within the US the internet is the internet and we make inappropriate jokes a hundred percent of the time and it's always way too early which makes it funny. Uh, apparently that's how Russia was and Russian citizens with this whole Wagner thing.

So I guess my my hat's off to him I Supposed to just wanted to share that thought. It was absolutely insane. But now on a little bit more of a serious note, bringing it back to the US of what to pay attention to for the remainder of this week and also some very important updates, the Supreme Court is set to rule on Biden's Student Debt Forgiveness Plan. Here's what's at stake.

So with the backdrop of remember the economy potentially shaky, it's acting strong. But remember, the Feds actively fighting against it. So the question to you is who's going to win the fight Obviously Well, anyway, one thing that might lessen the economy is obviously if people have less disposable income, if everyone is once again paying their student loan payments back, well inherently that's less disposable income, so less money being in injected into the economy. The Supreme Court is expected to deliver a ruling on President Joe Biden's Student Debt Forgiveness Plan this week.

As the current term comes to an end, the justices will determine the fate of the program and either pave the way to debt forgiveness for millions or assert that these borrowers should be solely responsible for loans they took out so kind of twofold. First of all, Biden is saying if you make less than 125 000 federally trying to cut if you have Federal loan payments by 20K but on top of that, payments are also paused. So now we're in a situation where they might not get the 20K cut and starting in October payments might restart. So I mean obviously it could go one really good way if everyone gets it cut and I just mean good financially I'm not saying I'm morally supportive or not, sort of a I'm saying in terms of the economy Money Getting injected into it 20K might be shaved off and payments might be paused again.
but now if you listen to I think the Department of Education they're saying no restarting in October and the bill might still include that 20K So something to pay attention to I just want to as the story is developing I want to keep everyone informed. we don't have a decision as I'm filming this live, but something to pay attention to because I wholeheartedly believe it will have a clear impact on the economy the way semiconductors did last night and this morning Nvidia downplays possible Us chip export restrictions. So last night I believe around 5 or 6 p.m if you looked at semiconductors led by Nvidia and AMD they all went and that was because of an update that maybe the Biden Administration potentially is going to be curbing their sales to China So Nvidia AMD made lower tier chips for China like just under whatever like the guidelines were. but now there's like oh, maybe they're going to cut it across the board.

And then during Biden's speech today, he went on this whole thing of like hey, these are important chips I think he said that they're in random things, he's like you're a refrigerator your Automobiles and they are there like that's a fair point I'm not saying he's wrong, but I think there are more important things than refrigerators if you ask me. But anywho, that's not the point. His his thing right now seems to be bringing jobs back to America which I'm not against that. but also if you're a short-term Bull on Nvidia The fact that they're looking for 11 billion Revenue this quarter.

All of a sudden, if they can't sell to China that could obviously be problematic. So something to pay attention to I Do believe it's being overplayed the way Nvidia is going I Kind of dove into a little bit more, but obviously do your own DD and research on this situation. Doubt grows over Bye-bye Baby sale process as parent Bed Bath and Beyond splits auction I Know many of you are paying attention to Bed Bath and Beyond Bbbyq that's the bankruptcy ticker And also you're probably a little bit interested in the story of how honestly Bed Bath and Beyond's only really truly valuable asset is the Bye Bye baby and the whole situation is getting a little crazy. but I guess it's kind of par for course for the whole Bed, Bath and Beyond thing.
Anyway, Bed Bath and Beyond will host two separate auctions for its Bye Bye Baby chain, one for its intellectual property also known as IP and another to keep the banner and its stores running. As a going concern, the series of moves considered unusual in the world of bankruptcy allows Bed Bath to boost bids for its Bye Bye Baby Chain the Baby Goods Retailer has long been considered the crown jewel of Bed Bath stats, but interested buyers have recently cooled on keeping its stores open because of high cost according to CNBC. So I have nothing going on with Bed Bath and Beyond right now I stopped following it after Ryan Cohen screwed over many, many people. but I know just some of the people in my audience are paying attention to it and even if you're in, it's still a good learning opportunity, especially when a company goes to bankruptcy.

So I just wanted to cover all of that now. looking forward to the remainder this week. Powell Spoke today at 9 30. he's speaking again tomorrow at 2 30 a.m So I think most of us will still be sleeping.

uh, but he's in Europe I think this one's with like a Portugal guy or he's in Portugal something like that. But anyway, an hour before the Market opens, we get the GDP number if you guys want I could stream that. let me know in a comment: if you guys want me to stream an hour a half hour early, 8 30 a.m ET We get the GDP revision and then on Friday we get the Pce report an inflation report like the CPI but arguably more important that one's at 8 30 as well, and I will definitively be streaming that. in terms of earnings after the market closes today, we get Micron and tomorrow after the market closes, we get Nike and I Also want you to know that for tomorrow.

third: Thursday June 29th The Bulls have won this day 52 percent of the time. The profit factor is 1.48 The bias. Leaning Bullish I Wouldn't say it's bullish I Wouldn't say it's neutral I Would say it's somewhere in the middle. It's leaning bullish.

That is the seasonality. Over the past two and a half decades, over the past 25 years of how this one individual day has played out, that's not a guarantee of how it's going to play out. it's just a little bit of math on the situation to know about headwinds. Tailwinds All that good stuff.

So it's probably one of those things that if you're bullish right now, you're going to use it for your buys and be like yeah, no awesome I Love that. And then if you're bearish or neutral, you're gonna be like seasonality. That's the dumbest thing I ever heard. I'm just trying to give you things that could support your bias.

and if it doesn't support your bias, just forget about it the way we do everything else. So I'm here just to you know, conform to whatever you want me to say. Basically, on that note, I do want to check out the market. it's balancing again.
Oh I Went through this quickly because I really wanted to watch the clothes today. but surprise surprise for not doing anything I'm down 31 on my spy position. My risk was 50. So technically I didn't hit my risk but I did buy too many which I am not a happy camper about I have spy puts for tomorrow is what's going on in real time.

what's going on with your boy and my disdain for the current situation is I got some puts right here on this breakdown around 3 P.M and at first I felt like the smartest Trader ever. and then this v-shaped out I was like no I was expecting it to come up to break even I was like it's gonna get smacked I'm going to get more I'll write it down. we're gonna have an awesome wrap-up stream. Everyone's gonna make me like, see me make money It's gonna be great and then it just kept going and going and going and going and it's and I'm only saying that because it's costing me money I don't know if it's a legitimately good move or not.

So here I am just looking for a buy Southern situation. and I don't have a good bias like and that's what makes me the most uncomfortable is because of exactly this. Here's your daily chart and I see lower highs lower lows. It broke out yesterday as soon as we got above 434 56 I'm like great I am now a bull.

We have this V-shaped recovery and then even today we broke out and arguably the highest higher, the low is higher. Why would I not be bullish if you look at the daily chart? great We like even if you zoom out, this is a bullish chart. You rip all the way up, you come down a higher low and you bounce off of it and individually on the highs and the lows in a row. Now three in a row, higher higher higher lows are higher higher higher, so the highs are higher higher.

The lows are higher higher higher. and now like I'm just reaching here like I know what I'm doing psychologically I'm like, but look, it got smacked so hard and when you have a wick like that, that might be a reversal. It might be a reversal, but I'm basically risking my whole account on it and it's so dumb I Don't know why I get myself into these situations I Just like I for the the love of God I cannot just keep my risk in control I Just it's It's so incredibly frustrating. It's so in.

It's so infuriating to know what you should be doing and then just some dumb voice in your heads like nah, we're not doing that like I I Cannot articulate accurately how frustrating it is to know exactly what you should be doing folks I'm a calm side manager I was getting a master's in statistics I've broken it down I know the odds I know the positive Eevee play and I just can't keep it on the tracks for a reasonable amount of time and then I get myself into these situations where I'm just like you know what? I'm gonna go for luck and then the the situations that are the worst I I size up the most. It's such a Purgatory I'm in. It's such a it is a Purgatory to know what you should be doing and then to not have the discipline to pull it off. It's a it's a special type of hell.
It's a special type of hell. uh holy crap. check AMC What's going on with AMC I Can guarantee you I don't give a folks it's up 35 cents 33 cents is eight getting slaughtered and ape is going down? Do you think I care about this? 34 you think I you think I care about 33 cents 34 cents My cost average on this is probably 10 x what this is. Do you know how far this would go for almost every average ape to even be? Break Even This is a joke.

This is. this is a pump for ants. This is an ant. Enjoy your your ant pump people.

I Truly do not care about this third. Like folks, wake me up. If it actually moves to an important level, look at its daily. It's just an upside.

Gap fill I Mean you should know enough about it's not even at the in fact, it didn't even hit the upside Gap Fail! You guys are excited about a 34 Cent pump when from May till now, even with this current pump, it's down 26 percent. Year to date, it's up seven. At least it's up here today. I'll give you that, but on the one year time frame it's down 48.

uh I I Think this is like it's that Meme where everything's dying and then it bounces a little bit and everyone's like let's go. The chat right now is a living embodiment of that. like living embodiment. In fact, no one even traded it today.

Look at that dude. This was very illiquid all day. That's actually funky looking. Look at this.

look at all this barcoding. It just went so many minutes in a one cent range. just no one trading at it all. Something must have got announced at 3.

P.M though is there an announcement? I would assume that there's some sort of announcement. Um, but anyway, there's far more interest things going things going on in the market than that. 34 cents 34 cents. The fact: like you guys, it was uh Jubilee in here you guys were like already taken out a third mortgage or something on that a 34 Cent run uh uh, judge makes a decision tomorrow on AMC ooh interesting, could get a little, could get a little interesting then the judge.

um I wonder which way it's gonna go I lightly know about the court case but if I'm being completely honest I I'm not I'm not fully in tune with it as I said because I just don't give a just don't give a it like at a certain point you just realize you're like wasting your time covering it like you really are I have my stock and it just sits there like uh I don't need to waste any of my energy paying attention to it because I have thousands of people who inform me if it's moving or not. So like for me to dedicate any of my time like staying up to date on the news. It's kind of a waste of time because all that I care about is if my socks are up or down and the stock has only been going down. Are you really surprised by the cult? Not really.
uh I mean in here there's some people who still follow it and obviously like I wish them the best because I'm wishing myself the best I own the stock like of course I wanted to go up of course I want more money I don't want it to go down, but you can want something to go up and I don't need to dedicate like every waking minute paying attention to it. Uh, when I could just like every like couple weeks, go on and see what Twitter's talking about with it and then move on with my life. It's a Time efficiency thing I think too many people are wasting too much time with AMC If you want to own the stock and support the stock, hey, have at it. But that doesn't need mean you need to like dedicate your life arguing with some of the dumbest people in the world.

There's also some really smart people in there. But those people I I very much believe there's a correlation between being intelligent and speaking Less on social media I Think there's a high high correlation. not in all cases, but in many cases. So I feel like, um, because of the vitriol within the community? Many of those smart people are just quiet, so like they're not really learning anything anymore.

It's just fighting. Uh, just fighting. Obviously you sound sour about it, but it just spiked in the last hour. It's 33.

It's not even five dollars you guys need to earn. Learn the difference between the magnitude of the sock and the percentage gain. If something gets beaten down and bounces a little bit because it's beaten down so much, that could be a big percentage. That's the difference between percentages of magnitude.

I'm not sorry about anything I own the stock. There's probably a good chance that I own many, many more shares than the average retail person. Uh, but I'm not like whatever I'm not selling it at this level, so it doesn't matter at all. Like if you're wasting your time watching it right now, well, it is the definition of wasting your time if you're not going to do anything.

if you're already sitting there knowing you're not gonna sell it, why would you watch it like there's no reason to watch it unless you're trying to get out unless you're actively trading it. If you're actively trading it, crush it like watch it. and I hope you top ticket I Hope you bottom ticket I hope you do when whatever type of ticketing you're attempting to do I hope you absolutely murder it. But for me I don't have any calls I don't have any puts I just have shares and I'm not selling my shares.

So like, why do I need to waste my time watching it? Uh, because the court cases tomorrow. That's why. what does that have to do with the stock today? Like the stocks movement upward or downward today doesn't impact the court case. So like I would rather just get an update from the court case.
But even then, like I don't need to do it, other people are going to give me a solid synopsis of the situation. Um, thoughts on the MU earnings I Don't know. With the recent update of like potential sales being banned to China I'm not feeling like it feels like it's not really technical or fundamental play. It feels like it could get like a little sketchy.

Well before that, Pelco's dingity ding ding ding folks I am way too over leveraged in puts that expired tomorrow. What are your thoughts on the market? Do you think the market is going up? Do you think the Market's going down? I have minutes to decide if I'm getting screwed I Remember when you went on TV to promote AMC I never promoted it I just shared my thoughts I was never paid for any of that AMC never paid me interviews, never pay me I never accepted a dollar. A dollar was never even offered as much as I don't like Adam Aaron I'll be completely honest with you, you never offered me a single Cent to say anything that's not like you don't understand what promotion is I shared a story I Shared my own thoughts and opinions on the situation. That's all it was.

It was my own thoughts and opinions. If you think that's promotion, you're pretty much a dumb show position. Uh, it's publicly available on public. Uh, we found a series of people who were like well known in the community.

We're photoshopping their position so I came up with a way where it like it didn't rely on photos from me. You could check it yourself if you go to my public page like The Brokerage where my AMC my Jamie is you can see I own AMC and Jimmy uh you could check it at any moment in time Matt give me your AMC popcorn coupons dude at a minimum at a minimum Adam Aaron should be giving me free popcorn for the rest of my life at a minimum but didn't get any of it Matt You gotta. Oh yeah, coming back to the puts, um after years I get it? I hope you do. Uh, where are you I'm down 32 I'm in at 72 cents.

they're trading at 49. my risk was 35 but I don't know if I want to carry it overnight. So technically my risk hasn't been hit. I'm in at 37 or 72.

my risk is 35 risking about 50 percent. Uh, it's down 32 right now so it technically hasn't hit it. but it puts for tomorrow. and I just what's your vibe? It won't show how many shares you own.

Oh okay, you care about how many shares I own. That's probably the dumbest thing I've heard I thought the other thing I heard was the dumbest thing. But this thing which I have heard in the past why does why does it matter how many I have I have thousands of both AMC and ape. Um, where are you guys at in terms of Doubt bearish Paul Powell was hawkish today he was.

but I'm not seeing the breakdown. That's what I was thinking. that's why I got into puts and that's why I think I was like uh, maybe a little bit early, but it's just we looked like we were gonna vomit right here at three and then it was just such a hard bounce and then even this right here at 3 30 up we're coming down and then people are still buying it. Mm-hmm decisions, decisions.
I'm trying to think about how I would handle it if I just played it with reasonable size. If I played it with like one unit instead of three, I would still be uncomfortable because I didn't wait for the breakdown of the previous low and we're also popping into clothes. Not that that really matters, like a one or two minute movement doesn't really matter for overall trend. What's interesting Apple I mean everything's just paid like I Don't think we could take much information honestly from it today just because like we're closing within the range that we got at one one to two thirty like Tesla's flat Nvidia is flat Microsoft popping a little bit Apple popping a little bit.

the cues were bleeding out and like it's just I don't think there's anything to be cleaned from this close. It's just like it's uh, the markets just closed right there I do have 15 minutes I Want I suppose if I wanted to trade um, decisions, decisions, it's not in the Futures Market it's in the options Market but it's just I basically want a gap down below 434. and it's do I want that to happen? Do I want that to happen? Hmm, you could always get in and take out another position. True.

but well, that actually that push at the end did push me back to my wrist I wasn't paying attention Me that huge push at the end dropped me from I was down 32. That dropped me doubled to 64. but it must be registering out. Oh it was because it was, um, not a good till cancel order.

It was a daily order. So I have four accounts. Uh, or do I risk it for the gap down tomorrow? Is there going to be a gap down tomorrow? The seasonality does slightly favor the Bulls the daily Market trend is showing signs of a reversal, but on the flip side, pal was crazy hawkish. What the hell was this? Look at this misprint saying the Spy got as high as 453.

It's just a misprint that's not real data. Uh, you could tell on the features Market Interesting. Well and it's still going. Are you, Is this real? This is actually pushing like that right now? Hmm, well time to decide.

Do you risk half average down? I don't I don't even know if I have money to average down I wouldn't like big size on this I went three units instead of one unit which or I went maybe two and a half which I think was my mistake. Well at first like I said like this: vomit right here I caught it and it was great I just didn't expect the v-shape bounce out like the V shape was. just absolutely brutal. I should have known better this morning when we were seeing how choppy things were when the market was so strong, got smacked, then try to pop.

um I don't know. In retrospect I kind of would have redone it because right here basically what I was going off of was like okay, we made roughly the same low, we bounced lower high and we're starting to puke and I'm like oh, we could puke and close. it's just I like in nowhere. expected this like what I was looking at.
maybe it's better on the three minute was like okay. this nice structure, higher highs, higher lows than going into the Biden's speech I'm like oh we we cracked that structure, we're no longer trending up. We took out the low at 436 35. we took out the low at 435.40 Great.

We're down. We bounce okay, trending up a little bit and then it's starting to bend back over. And it was this bar that interested me at around 2 30 right here we broke all these lows. Great.

we bounce up, comes down and then right in here. right here was when I took a short and then pretty much right away it vomited and I was like dude I rock at this I absolutely Rock and that's why I had the alert for this low and everything and it was just the speed and velocity of this bounce out. Look at this, it's just vomited straight and then I was like okay, a little bit balanced like I was watching this minute this minute this minute at all I was like yeah, whatever. okay cool, it's gonna bounce and it's gonna turn back over and then it got up here and without seeing what was coming next I was like okay, like it's a little higher than I thought but still like that's an over extension.

like it vomited lower high like the Chen changed people didn't like what Powell said and then it just kept going. Man it just boom into clothes. Fascinating, fascinating, fascinating, fascinating. uh but I mean I guess we'll see, We'll see, we'll see, we'll see.

um I Do have about a couple minutes if I want to make a decision. As of now, my mindset is that I'm gonna hold these puts and just pray for a miracle I Hate this because like this isn't risk reward management. Um, it's dumb risk anyway. and then it's even extra dumb risk when you consider the leverage that I swung into it.

Well, I guess I'll catch you guys in the morning I will catch you in the morning I guess I'm gonna swing these puts. uh, tomorrow there is a GDP report at 8 30. So if you guys want me, we could, um, will this blue? No, it's not I wasn't that dumb. It's not gonna blow my account.

Um, but basically all the gains I've made recently will be given back. which would be incredibly unfortunate. Um, so we'll see. We'll see, We'll see, We'll see.

Uh, the GDP report comes out at 8 30 tomorrow morning. If you guys want me to stream that, I will Micron is flying. How is the report out? I Don't think the numbers came out yet, did they? Well, that's what does this have to do with Mu. Why am I just getting these? Only fan Uh, the revenue.

the adjusted Revenue beat the estimate 300 3.75 billion versus 3.69 Uh. Operating loss was 1.47 Expected loss was 1.69 Uh, so they beat. They lost less than expected and their revenue was higher than expected. So they'd be on top and bottom line.
so that's for micron. So Micron beat um you if you're playing it, you still might want to pay attention to what they do or don't say are other ones Rising now like sympathy plays is in that Nvidia up. If this ever loads, you might want to listen to their earnings. Just because their earnings report is out doesn't mean that other things can't be list like said on the earnings call so you might want to pay attention to that Nvidia up a little bit AMD up a little bit INTC also up a little bit uh the Spy definitely up I mean where the Futures Market cruised higher cruised Tire this might get really brutal for me, should have just played the overall trend should have been trying to Fancy In reality though, my risk was right at the like.

my risk was that high like I just did some like back in the napkin math. my risk was around whatever it was. uh around 4 36 and we exploded below above 436 in the final minute. which is just like a BS move.

so it's not like on the chart I didn't stick to my risk where I blew up. My plan was betting too much I was trying to chase like a stupid loss and be like well if I size up um I'll be A-Okay and in reality it just ripped my face off. but we'll see how it all goes anyway. Uh, we'll be streaming tomorrow morning.

Sign up for the goonie Community pin to the top of chat in the description of the video. uh uh, that's what I have for you right now I Appreciate all the Good Vibes Best of luck to everyone. um hopefully everything gaps in the direction you want it to Gap in I Appreciate all the support. Check out what's Linked In the description of the video and have a good evening.

Peace out One, Two Three.

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