Go meet him. let's see his blueprints. All right, it's his opposite day. I Love Oppos.

There he is. Let's take a picture with him. Can we get a picture? Genius H Roy picture going to snap me in your frames ever since I came in I Would wreck the game the day I met the microphone sh life ain't been a same intellect on Cosmic levels was born with two brains Su higher than a N astronaut saying that they better than me knowing that they ask us not I've been working hard, don't even got the time to stare at clocks Mr quality means quantity. That means I drop a lot first Ryan Goley I lost the notebook so I won't jot nothing down.

I' been out here trying to put on for the town financially. I'm getting Penny wiser Min is the clown cuz I Joker but I got a Harley Quinn riding with me. Do you get me? If you don't, you need some big brain energy I'm in the you know that she feeling this Synergy I Do not rock with my enemies told them don't tou me cuz they chemistry H chemical mix SP on my e now working like yes means no. No means yes.

You know that do you though I Don't know no Go me, stop Stop me, go up me down down me up. That mean I can't shut up No is getting. Do it. It's getting better.

Oh Autun do you IIT like that I'm making like a thunder clap now running Les over these TR I Feel like a running back now I'm gun this instrum Shout out to Jack Pack DMG Shout out to Luk to I'm like Duke I Want me a new call? Tell what new new I'm a boy got a BL can You See Me Now Oh brother oh brother oh brother hello hello hello Welcome back to a specialty weekend Mattc Show episode Uh, hope you're having a good one. Uh I Appreciate you guys on the East Coast hanging in there with me right before your favorite football team plays To those of you on the west coast I Appreciate you getting a little up a little bit early. I'm sure you're maybe a wee bit hung over from your Halloween activities. Let's say over the past couple nights so I do appreciate that.

and if you're watching from Europe I you're just a crazy person. It is late. you should go to bed I mean it is a it's a school night if you are watching from Europe right now. uh, you might need to be reconsidering some of your life priorities.

I Don't know what to say I mean I Still very much appreciate. Appreciate that you're here, but what is your sleep schedule like I just I I Don't get it Um folks I hope you're having a good one. it is Sunday October 29th and we have a lot to talk about I want to talk about everything going down kind of in the past week or two and also what I'm looking forward to this upcoming week to conclude the month of trading in October and also what in the world is going down in the start of November I Want to talk about the news? in the world of Stons, the news and the world of bonds SL yields a little bit of currency stuff and also specifically focusing on a digital currency AKA Bitcoin aka the gold of the Internet aka the form of money your parents still do not understand. so I hope you guys are ready for a good one.

We'll keep this concise short brief: Get all the major things uh, kind of inout done type of a deal. but before we get into that literally as I was waiting for this show to get started I came across this and I want to get your thoughts on it the 10 best states for Millennials New York and California didn't make the list now I Want to get your thoughts because I happen to currently be living in a state that's nowhere close to the list and I'm actually really, really surprised of what made the list. So before we get into the top 10 I Do want to let you know what they took into consideration to create this affordability: political and social environment, employment, quality of life Health Personal Finance and Safety So they took these seven metrics into account. and I guess before we do this: who do you think hit number one? Who do you think? hit number one? I Want to see if any of you are I guess plugged into the Matrix you have your pulse on the system of where the best place to live is Texas did not make the list Ohio is on the list Surprisingly, Utah is on the list.

You guys are good Vegas No Nevada not going to make the list Alabama Not going to make the list Wisconsin Not going to make the list I'm not seeing the number one one yet and I can't hold on for too long because at that point you guys could literally just look it up Florida Not on the list Wyoming not on the list Missouri not on the list uh Alabama I am not seeing Montana you guys are not guessing the number one South Carolina no Oklahoma no Indiana no uh Georgia no Tennessee no Charleston no Kentucky no I'll give you guys a Hint It starts with an M Wyoming no North Carolina no South Dakota no Indiana no it is in the US Cuba no Arizona no chop that is not a state uh Maine no Maine's on the list but it's not then uh Minnesota yeah evil Fandango You got it. Uh, the number one state for Millennials in 2023 is Minnesota the Land of 10,000 lakes. So the best states for Millennials in 2023, Minnesota Utah Massachusetts Colorado and Vermont to round out the top five and for the top 10 Maine Washington Virginia Maryland and Iowa. So I'm actually really surprised by the top three Minesota Utah and Massachusetts I guess it depends where in Massachusetts but if you're anywhere close to Boston not not only is there high high like cost of living but high crime rates I'm really surprised about that.

Utah makes sense. but then it brings up the question who wants to live in Utah Minnesota As cold as could be but I guess just like the dollar goes really really far. um Colorado Vermont would be cool Maine would be cool Washington if you want to live on the west coast Virginia's expensive too. so I suppose it depends where in Virginia if you're anywhere in Nova that would be a pain, but maybe it's like City or like somewhere else would probably be good I don't know.

uh I Just found the list to be surprising so just wanted to share that. So I suppose if you live in Minnesota uh congratulations to you because you are in a place that is allegedly number one uh for me I happen to be in probably the Bop I I wish they had the opposite side of the list the bottom 10 because I feel like by just my life and my luck those are the places I end up having to live which is, uh, particularly unfortunate so just wanted to share that with all of you. With that being said, let's take a little look you see at the market, it's been getting hit. really really bad.

Uh, my big head is covering it. So let me show you this. uh, it's getting slaughtered. It's getting crushed.

Uh, how many of you have been just yoloing puts Because if this is no time to be koi, this is no time to be anti- bragging. This is this is the show where you come in and you brag and you say hey, I bet my entire College my kids college fund on puts and now it's like 10x. Um, this is the time for you to brag right now because the market has been getting sliced up since August Now obviously in August Was it evident? Eh, No. Was it even really that evident in September that we were starting to turn turn maybe not more conviction here in mid-september and very evident as of two weeks ago when the market tried to bounce fake out breakout try to bounce could not hold this breakout above the 48 EMA in mid October Especially because don't forget, October is historically a bullish month.

It is historically a bullish month. If we come to Equity clock, go to equities. click on the S&P 500 you're going to see here. Historically October is rippity skippity.

Duda Especially by the time you get a third of the way through the month, we just pretty much rip until it's like turkey carve in time. That's how it historically goes. Obviously, that doesn't play out all the time, but for us to be bucking the trend like that, it tells you something very serious is going on. and what is that very serious thing that's going on this time around? Well, it's inflation.

The FED rtire for longer. We're going to be talking about that, but I'm sure one or two of you in here had to like degenerately be betting up. 10K Last week started at $250 Congrats: BP Congrats dude, that is. That's awesome.

Uh, but I mean we sliced One Support We sliced another support, came back up, retested that secondary support, and then continue to just get slaughtered. Bad bad news. Um now I do want to point out the distance from the EMA Cloud So right here, this is what I'm referring to as the EMA Cloud the current price action. Like literally where we close to the EMA Club.

That's pretty far as in, pretty abnormal. The other times we've seen this like look at what happened in June When you get this far away from the cloud, it comes to a fair argument of a thing referred to as mean reversion reverting to those moving averages. so you get pretty extended. It comes back.

You get pretty extended. It comes back undere extended. Overextended it it. It's kind of like a rubber band.

overextended. To the downside, snaps back up. overextended to the downside. my prediction.

Even though things are feeling a little bit spicy here, I Would not be surprised if we have a bit of mean reversion. now. That obviously means that we could still continue to sell off right afterwards. or even maybe there's a little bit of a sell off before that.

But I would not be chasing this. To the downside: not long ago, the Spy was trading at 437. It's now trading at 410. That's a pretty decent drop in a very short period of time.

The overall Market dropped over 6% 6.6% in eight trading bars, not even two full weeks of trading. So don't be the person who's buying at the break out. Don't be the person who's shorting on the breakdown. It it don't be the person who's chaing chasing.

wait for it to I Guess in a weird sense, like if you want to go long, wait for the pullback. If you want to go short, wait for the pullback, don't be taking on the max risk if you are buying the breakout or shorting the breakdown. inherently you setting it up where you're taking more risk on. So even though things seem a bit bearish right now, I still wouldn't be chasing I just I Don't think it's worthwhile to chase now if you're already in a position and you're just like, okay, well, what are my targets I'm managing it.

These are all the key levels I'm paying attention to now. I'm not really sold on being bullish or bearish I'm going to let the price action kind of dictate where I am leaning on that particular day. and yes, we're going to be going over the things that could be influencing this. but overall, uh, just for those of who want to tune in and know the levels that I'm paying attention to, Uh, obviously.

downside, we have this 409 410 is region. There is a downside Gap this is actually one from May of this year to 40727, so that's a big watch for me this upcoming week. If that doesn't hold, we also have a clear level at just below 404. Now on the flip side, if mean reversion does decide to play itself out.

Okay, looking for the recapture 413, 414, then here you have a little bit of a awkward imbalance of supply and demand roughly around 417, and then on top of that, you have 420. So my upside bullish targets would be. And this is obviously, if bullish momentum plays out, my reach Target would be 420, my midterm Target would be 41617, and then I think that all gets going on the recapture and hold above 414. On the flip side, if the market pushes below 409, then I'm watching The Gap fill at 407 and some change and below that I'm watching 404.

So even though things seem bearish, I'm not sold on the bearish cause I'm not sold on the bullish cause I'm just going to play it whichever way the market is pushing and those are going to be my upside and my downside targets. Now reason able question is what could be prompting either the mean reversion to the upside or continuation to the downside. Well boy oh boy do we have things happening on the geopolitical scale, the earnings and also macroeconomic developments. Stock: Traders face pivotal week as Apple steals fed Spotlight I Don't fully agree with that I Don't think Apple is stealing the spotlight of the FED because it's very important.

but we've already had a lot of tech names report and I'll be going over that. but it's been a bit of mixed bag. So yes, Apple's going to be important. but of course the Fomc decision is going to be important.

and most important beyond the decision which is most likely going to be no rate change, there's a 99% chance of that right now that comes out Wednesday It's going to be more of the commentary from the Chairman of the FED But before we get into that because Bloomberg is all about Apple, let's talk about earnings. So this week there's much more than just Apple which comes out after the market closes on Thursday Feel free to screenshot this. Feel free to go at E Whispers or once again I give this out for free in the newsletter. If you are watching this right now and you are not a member of the newsletter, what are you doing? It is free M Course.

Locals.com It's pinned to the top of chat. it's in the description of the video. If you're watching this and you want not only the macroeconomic updates, the earnings, the seasonality, the zero DTE I even put some fun jokes in here as well and a breakdown of the previous week and what? I'm looking forward to the upcoming weeks. So Macar Locals.com It's pinned to the top of chat.

It is Free. Free Free Free. Free. So anyway, earnings This week before the Market opens, we have Sofi we have McDonald's Those are kind of be decently important.

after the market closes on Monday we have Pinterest and that's probably the main one. maybe a little bit of Public Storage on Tuesday Fizer, AMD Caterpillar, JetBlue uh BP Marathon All very important on Wednesday Norwegian CVS PayPal Roku Qualicom Etsy Uh, Estee Lauder maybe if some of you are paying attention to that one on a paler Shopify Eli Lily Mna Crocs always got to pay attention to Crocs Apple is going to be the biggest one of the week, but obviously there are other important Tech names. DraftKings Carvana Starbucks Coinbase We're going to talk about Crypto in a second Bitcoin Absolutely ripping Cloud fair. and then on Friday we have Fubo.

uh, the Sio itself and those are the major ones of this particular week. This is the last big big week, but earning season does still technically continue. For example, Nvidia is at the end of November so there are other important names, but I would say in terms of the represented or the weighted size of the S&P 500 after this week, we're kind of done, but there are other ones still coming up over the next two to three weeks I Just want to throw that out there to everyone. So those are all the earnings.

It's a big big earnings week and obviously everyone paying attention on Thursday. but the day before that on Wednesday November 1st, we have a lot going down fed to we how much fuel consumers have left after rate hikes. So the FMC meeting the Federal Open Market Committee meeting. We get the results of it on Wednesday.

Technically it's a two-day meeting, it starts on Tuesday concludes on Wednesday Of this upcoming week, we get the result at 2m. They're basically going to say hey, we've decided to keep rates consistent at 5.25 and we are going to be taking in data as it comes to us and we'll make another their decision in mid December So most likely there's going to be no rate change, they're probably not going to push it up. they're probably not going to cut it down, most likely keeping it where it currently is. Then at 2:30 this is all an ET just so all of you know, but that result comes out at 2 pm.

Drome Po, the chairman of the FED will then be speaking at 2:30 and in my humble opinion, that's really going to have an impact on the market. Does he sound absurdly hawkish as he has been recently among the other Fed members. Is he going to continue to Echo That commentary of rates will be higher for longer. We're still trying to get our unemployment up to 4.5% I Mean the FED is actively trying to fight inflation, which is a nice way to say that they're trying to lessen demand.

They're trying to make more people feel more pain. So we're not just spending spending spending the way we have been. So that is all going down on Wednesday of this week. But it's not the only Fed thing to pay attention to.

This is something that on this channel we really have not spoken about a lot, but it became very important and apparent two weeks ago. So remember all this. all these government treasuries. these bonds, these notes, these bills.

They sell it into the market to raise money. Well, they do that through an auction, and usually these are boring. Usually no one's paying attention to these. But two weeks ago there was a 20 or a 30-year auction for the treasury notes and it did not go well.

They were let with 18% of the supply as if there just wasn't demand to buy it. So that's just showing you the weakness in the sector of bonds. And this is important because remember, bonds and yields move inversely. We've been talking a lot how yields have been ripping through the roof.

which means bond prices have been coming down and down and down. So probably important to pay attention to I mean these are the actual auction date so this upcoming week we have some on the 30th. we have some on the 31st, on the 1, the second, the second. Um, but these are all you can see the duration.

These are all build I would argue the key ones really kind of get rocking on the threeyear and the 10year. that's the week after November, 7th and 8th. and then the big big one is going to be the 30-year Bonds on the Uh November 11th. So I'll remind you guys all of this.

But so what happens? And really The Show Goes Down in two weeks? So I just wanted to bring this to your attention. But beyond that, we do have other things going on. So in China they have their manufacturing PMI Remember China they've had very serious economic signals that things are starting to falter over there. CPI Coming out of the Euro Zone consumer confidence both going down on Tuesday Wednesday non-farm employment change, we get jolt.

We get crude, We get fomc on Thursday normal initial jobless claims and then on Friday of this week it is the first Friday of a new month. For those of you who believe in the Gregorian calendar, I'm not telling you if you should or you shouldn't but just for those of you who believe that it's a new month, there is going to be, uh, another unemployment report coming out. So this week, it's a busy week. between earnings and all the macroeconomic updates I mean every single day is busy, but it does seem to get specifically busy on Wednesday and Thursday are just going to be wild and then the reaction on Friday.

So Monday and Tuesday on a relative basis are busy. and Volo but then relative to this week, Wednesday and Thursday and Friday are even more so. Please be paying attention to all that, especially if you're yoloing short time frame options. Know what's coming up the next day? That could have a massive overnight impact on what is going on in your portfolio? Once again, sign up for this.

I Cannot stress it enough, Sign up for the newsletter. I I Can't say it's the best newsletter in the entire world, but I'm going to say it anyway. like I'm not saying it confidently, but for the amount you pay, it's the best newsletter in the entire world because you're basically dividing by zero and breaking mathematics. so it's free.

M. Locals.com pin to the top of chat in the description of the video anyway. I Give you a breakdown of what I saw the the last week What? I'm looking forward to the upcoming week. all the major macroeconomic events, all the major earnings basically I just wanted to put the key things on a weekly basis in one spot so you don't have to hop around between everything and then I also give you the seasonality uh for everything else coming out.

So for example, Monday this week it's a neutral day uh Tuesday neutral day Wednesday a bullish day Thursday leaning bullish and then Friday bullish. So the first two days kind of muted Wednesday and then Thursday and Friday historically favors the Bulls uh I could talk about this more in a second, but I just I'm stoked about it I'm proud about it. Um, we I've been refining a zero DTE trading strategy and thus far it was okay at first. then it got a little bit.

Rocky Having the worst weeks performance three weeks ago and it went six out of 10 60% accuracy and this one it's built to have about 80 85% accuracy. so it clearly underperformed 3 weeks ago. but for the past two weeks it's been crushing it. for the past two weeks it's been batting a thousand.

2 weeks ago it went 10 out of 10. Last week it went 10 out of 10. For those of you who don't have a calculator handy, 10 + 10 also known as 10times two is 20. It's been 20 for 20.

Not missing one in the past two weeks here. I Mean they're all posted when the trade is like first made, when the signal is first fired I take most of these sometimes I like increase my size if I personally feel a bit more confident sometimes I take some extra trades because I am working on a whole other strategy. but the core strategy signal itself right now. for the past two weeks, it's been batting a thousand.

They're all posted before obviously the conclusion of the Day. None of this hindsight bias BS Um, they're all like I talk about it on stream I make it very evident like all this stuff. So anyway, I'm just stoked about it. Is it bragging? most likely? I Know that people don't like bragging, but I am also stoked cuz I came up with the strategy with the help of some awesome people in the Discord and whatnot and some of my coding buddies and I I'm just giving it out so like, yeah, you can make money So of course I'm stoked about it because I know people doing this.

It's like more of a reasonable way to engage in the market. Now, if you like it, feel free to take it. If you hate it, feel free to do the opposite. And if you don't care, you don't care.

You don't have to take it. I mean I'm not your mom I'm not in charge of your money. Do what you want I don't like if you like it. Awesome.

If you hate it, do the opposite. Uh, it's all up to you personally. I'm a fan. Uh, but I think there's honestly even ways I can improve upon that.

So, uh, I'm slowly but surely tinkering in the back end to make it even better. Now, we haven't really talked about this, but it will have a big impact on the global economy, which will thus have an impact on the stock market. So we've talked about earnings. We've talked about the macroeconomic updates, but we haven't talked about the conflict in the Middle East Israel deepens a war with hummus that has no end in sight Israel has sent troops and tanks into the northern Strip, in which it calls the second and longer phase of its war against hummus.

a more cautious approach than what it vowed after the militant group's October 7th attack that had taken away the lives of 1.4 th000 people. I Have to be a little strange with some of these words because YouTube basically hates you if you say some of the words that I'm intentionally skipping over, shout out to those of you watching on. Rumble I'm allowed to say whatever I want there and I'm not going to get in trouble, but in YouTube land. in words, they're not a big fun of like a big fan of.

So I need to be particularly careful here instead of a massive ground. Invasion The military has started slowly taking a day-by-day approach based on casualties uh, concerns of the conflict spreading to the northern region There with Lebanon and uh, internal political pressures from the Prime Minister BB the expectation is for the campaign to last anywhere from 6 weeks to 6 months. So the fact this final line is the important one 6 weeks to 6 months. Um, it shows you that this will not be ending anytime soon.

which means that the conflict and the tensions related to it are probably going to continue to spread. and obviously markets do not like uncertainty. So this particular thing in no way in the shortterm is helping the market to the upside. Now obviously any announcement of maybe things cooling off and the conclusion of it that would be obviously very bullish.

tensions boiling down. uh, or no longer boiling over is probably the best way to say that. Uh, but just something to consider and especially if you're an energy. Trader oil and gas markets I Escalation risk as Gaza War deepens the biggest risk to crude prices after the invasion remains any escalation to other Regional Powers So what you need to know is Israel Palestine That region itself is Not By Any Means A Major oil producer Yes, you could argue it could impact routes, but it's more of a concern if the conflict spreads to Uh, particularly to the east if it gets down into Saudi Arabia if it gets East to Iran Well, those are major oil producers, so we need to be paying attention to that.

So really, you're seeing oil trade at a slight premium on a per particular percentage chance that the conflict spreads, impacting actual production or impacting the route and thus the delivery of crude. The Middle East supplies about a third of the world's oil in Iran which backs Hamas and other Regional Militant groups said over the weekend that the incursion May Force Everyone to take action right there may Force Everyone to take action. Fear of the spread of the conflict could impact the actual supply of oil. If Supply goes down and demand stays the same, price has to be pushed to the upside.

Here's a look at oil chilling at 85, it was ripping, then it dropped, then it spiked when it was announced that the conflict was breaking out. Then it settled a little bit, but putting in a higher low and it might be reverting to the upside if the market. AKA Traders Investors believe that the conflict could continue to spread, so I just want to bring that to your attention. Hedge fund piles into uranium socks poised for dramatic gains.

I Don't want to spend too much time on this, but just since we're talking about Commodities and some that are spiking uranium uranium. Uh, basically it's the concept that the commodity itself will be in higher demand. as the I guess Global energy infrastructure potentially pivots to nuclear power. several hudge fund managers have started ratcheting up their exposure to uranium stocks.

The outlook for Uranium price means that equities could see a dramatic upside of 50 100% possibly more. More than a decade after the shock of Fukushima led a number of countries to review their Reliance on nuclear power, it amended itself as a vital plank in the transition toward a low carbon future that's driven up uranium valuations which prices have risen 125% since 2020. You can see it spiking the Iea estimates that Global nuclear capacity needs to double by mid-century from 2020 levels to help the world meet Net Zero commitments. The target is underpinned by demand in Europe Asia and Africa for nuclear reactors old facilities are getting their LIF expanded lifespans extended Excuse me while China is continuing to build out its nuclear Fleet all of which is Fanning demand for Uranium needed to power those plants pretty easy Supply demand Thesis: uh I Myself do think it's going this way I really really do because I mean it's really only Germany that made a huge mess up trying to shut it all down be like oh, look how dangerous It Is By many people within the scientific Community who study energy, particularly nuclear energy, all are in agreement that in a general sense, over the long term nuclear is not only better in terms of how much energy it could produce and kind of I don't know looking at the environmental impact of it, but also in terms of safety.

Nuclear energy is actually very, very safe and like I Understand that we have like anecdotal evidence of Three Mile Island Fukushima that type of stuff but relative to other things going on like that is, it's almost like an anchoring thing where we're like we pick out one story and L like look how dangerous it is when in reality it's actually arguably probably a much safer energy source. So I just wanted to bring that to your attention. The other weird thing I want to bring to your attention and this is really I mean I tweeted it out so you guys probably already saw this. Do you know what's squeezing ever since 2020 is orange juice.

orange juice is squeezing about 98% comes from Florida But when you look at various hurricanes and when you also consider some crops or a large percentage of crops getting uh I guess destroyed by uh like I guess just overnight getting Frozen um they like they Tha and then they die uh basically Supply massive massive hit. So talking about when demand stays the same same or increases and supplies getting dramatically hit, this is what happens. You have OJ squeezing from 100 to 390. um I kind of made the joke about it but I very very much believe it of if imagine if the Gme AMC ape Community got into something that like was actually squeezing and continued to squeeze and all the jokes being associated with it I mean OJ it really is ripping I mean just look at the chart but just classic Supply getting absolutely demand, staying the same price is ripping.

Will it continue? I have no idea I'm not an OJ commodity Trader but it looks pretty freaking strong I wouldn't be chasing here if anything if I wanted to get into it I'd be waiting for Pockets like this where it got below its moving average and then somehow recaptured it. So there are various opportunities where you're like, you know what? I'm going to take a stab at it, see if it works. Uh, it's just I don't see that opportunity really presenting itself at this exact moment so just want wanted to bring that up. Speaking of: Commodities let's talk about bitty bitty bitty Bitcoin I just want to remind you I own Bitcoin I am not an active Trader of it I'm just invested in it.

And finally, ever since getting merked in November of 2021 and dying pretty much until January of 2023, finally we're seeing some optimism. So decent bounce and then it was range bound between 32 and 25,000 recently broke out on the optimism of a spot Bitcoin ETF and right now we're basically dancing around at Support which has turned into resistance I put this in the newsletter. my next upside Target is 37k, followed that by about maybe 39 to 40K. A recapture of 40K in my book would be then setting up a test for 48k.

but I Just want to make it explicitly clear: I'm in Bitcoin I'm in Ethereum I don't actively trade them I'm in it for the long hul. Basically, it's my hedge against people finally realizing how much of a scam central banks are. but I like it. Higher highs, higher lows.

Uh, this is on the weekly view, so it's going to take some time. and obviously there's periods of it ripping, periods of it getting absolutely destroyed, periods of it ripping, periods of it getting destroyed, periods of it ripping, periods of it getting destroyed. so it's a volatile thing. it's not for the weak-hearted or the weak stomach at all, and I'm kind of at the point of just white knuckling the whole thing.

But right now, there is quite a bit of optimism because of finally Regulators offering some clarity on what Wall Street and institutions can or can't do with this digital commodity. so as there's just more Highway on-ramps clearly that just means more money can funnel into this particular asset class. So just wanted to show you that. and really I mean the Bulls the it.

It feels like just maybe just maybe the most recent crypto winter might be coming to an end. So some exciting news there Now We did talk a little bit about the spy and I want over those levels I just want want to talk about some of the other important things I see going down? So yes, the Bears are in control with this buy but don't be surprised about mean reversion if you look at the cues. same thing potentially breaking down. We have this important trend line.

it went just below it in mid August but strong recovery this time. Again, we now have two closes below it. Be careful if things get bad in the tech sector, there's a gap fill all the way down to just below 333. But once again, if there is a bit of mean reversion before that happens I would be looking for the region of 350 followed by 356.

That's what I'd be following in terms of: Tesla This reported its earnings two weeks ago, got slaughtered after it tried to make a recovery, fake out breakdown, try to push up and then it got smashed again. So I'm looking at the support in the low 200s if that doesn't hold I think Tesla could sell off to 195 followed by 178. but if it does recover and capture 221, I'd be looking at 230 followed by the upside Gap fi to 242 Netflix Reported the same day Tesla did and actually had had really good earnings gapped all the way up, shot up even higher. Now it's turning over the cloud finding support right in this region of the high 390s low 400.

Uh, if it bases off there and comes back up I Would love to see it push 420 followed by 438 if it breaks down. obviously you have a downside. Gap F all the way down to 355 Apple Will be reporting this week. It is clearly in a bearish wedge.

Lower highs, lower lows the wedge is getting I mean the trend lines are starting to meet. uh I if it can't I mean the bottom trend line that I'm watching is right here if this week. if it's a bad week, I'd be looking for the low 160s if it recovers, maybe just right back up into its moving averages if it's really good. maybe into the mid 170s, but Apple the biggest dog in all of Wall Street clearly getting hit so it'll be interesting to see what its numbers are I Want to make this clear: I'm not betting on its earnings I'll be waiting till after the earnings I don't need to be predictive I could just be reactive and make enough money Microsoft had good earnings but the overall Market is getting merked so it gave it back, but it's trying to hold this breakout.

it's just going sideways trying to get going. but Microsoft Good numbers, good report it's just being drugged down by the rest of the market Nvidia does not report until late November but some bearishness is finally presenting itself. Shoulder, head, shoulder. trend line Breakdown: important support breakdown at the next level of support Nvidia I Actually think if Apple misses, if the Q's continue to sell off, maybe go for that.

Downside: gapl at 332 I think Nvidia is going to end up really I Guess causing the velocity of the sell off to get worse because Nvidia once again finally showing some weakness uh I'd be looking at 373 and then if it cannot hold this downside Gap F at 366 that does set up or excuse me this support, then it sets up the downside Gap F all the way to 306 which was the high from right before the earnings. Gap up and rip. but anyway, shoulder, head, shoulder. uh, maybe snapping the neckline.

Trend line Breakdown: It's just the Bears are starting to build up some momentum on Nvidia Meta had good earnings, but then in the earnings call basically lowered their guidance and said we're worried about advertising because of the spread of conflict in the Middle East so that caused it to actually go down even though it had good earnings. I'd be looking at the support of 280 to 275. If this can't hold, we're setting up a sell all the way down to 260. but there might be recovery and if it gets going I'd be then looking at just above 300 talking about the range of 310.

Those are the major plays I mean if there's any other particular ones, I could get into them for you, but right now it depends your time frame in the very very short time frame I Would not be surprised if there's a bit of mean reversion just because we're seeing Divergence in the Macd in the RSI. we're on the outside of the Ballinger bands, the Kelner channel in the short time time frame, the daily chart. but looking at what might happen this upcoming week, it's kind of a crapshoot. You could say we're overextended to the downside.

You could also fairly say but the Bears are in control and you could also fairly say who in the world knows because we have an Fomc decision, we have an unemployment report, we have Apple reporting, and that's just one of many major companies reporting this week. So for me, out of those three options, I like the last one because yes, there is some overextension, but you could easily keep going to downside. Yeah, it's also very bearish that could keep going or there could be mean reversion back up to the like EMA Cloud Both are in mind book equally likely and it's all going to be decided on how the market reacts to the slew of earnings, what's going on in the Middle East And on top of that, just all the major macroeconomic events. So this is kind of the same message.

but why I'm not going to be predictive I Don't really care if it's a red day or a Green Day What I care about is just let me know the trend and I'll play the trend. That's how I view it I'm not saying that that's the only way to view the market. Maybe you have a strong thesis and you want to double down, triple down on that and I wish you the best of luck. That's just particularly not my style.

So with it, yes, the Bears in the medium term are in control in the short term. I Wouldn't be surprised if there is a reversion back up just because we are getting greatly overextended. But at the end of the day when the death settled, it doesn't matter because we have so many events. we have so many announcements that it's just it pays to wait and just see how the big people are reacting to it and trying to catch that.

Trm. That's how I'm going to handle it and maybe you like that? Maybe you have a better way to do it. Whatever you do, I hope you make a crap load of money. Matt Matt Congratulations on hitting 2020! Credit spreads 100% for two weeks in a row is amazing.

It's statistically abnormal, which makes me a little bit worried because then it it gets me to think, well, hang on, is more pain about to come? Like is it about to R the other way and start losing an abnormal amount? It might be, but whatever. I'm just going to keep keep trading the system as it tells me to do the trade. Um, anything else. Uh, squeeze the juice.

Yeah, Bitcoin's looking good OJ is straight up squeezing. Uh, we have some Commodities Gold is picking up Silver's picking up I haven't checked in on Copper in a bit. Uh, sugar Coffee. they're actually looking kind of strong.

Um, these damn ads ads shouldn't be playing at all I turned ads off so ads automator off like it literally is telling me that the ads are off. So once again YouTube is just screwing people over. Uh what? if we crash, would there be a possibility of mean reversion? Uh, I mean if we got really technical about it every time. every single time we've crashed in the past, the market has bounced back because we've hit new highs.

So technically everything is mean reverted. So uh, like that might not be the exact answer you're looking for. But whenever we've crashed in the back in the past, the the fact that we've made new highs show you shows you. Yes, given enough time, the market not only reverts to the mean, but actually overextends to the upside and hits new highs.

It it all comes down to your like your time frame. Uh, is it going to mean revert after one day of crashing? No, it might take maybe weeks, maybe months, maybe years. but even look at like the most recent major crash was 2008. Or even look at the coid thing.

I Mean that was a couple weeks of down and then if you waited, it ended up shooting right back up. So it it just depends on your time, your time frame, your time frame. It depends if you're are you a day trader? Are you a swing? Trader Are you an investor Because all those you have different goals, you're looking at different things. You have different risk management, so there's no perfect generalized blanket statement I can make right now that would fit for all of those.

Um, but overall, I'm expecting a highly, highly volatile week I'm expecting an exciting week I Think there's going to be a lot going down, which really summarizes to a lot of moneymaking opportunities. Um, if you want to know more of my detailed thoughts or if you want more of a written idea of like the levels, I'm watching for the major equities and the overall. Market Once again, pin to the top of chat wherever it is on your screen. It's somewhere here.

Macor out Locals.com It is free. Sign up for that I Give you the seasonality, the macroeconomic events, all the earnings, and my personal breakdown. It is Free Mac. Locals.com Pin to the top of chat in the description of the video.

That's what I have for you right now I Hope whatever football team you're rooting for today wins. If you're not rooting for football, whatever you're rooting for I Hope your team or guy or gal ends up winning. That's what I have for you now. I Appreciate all the Good Vibes I'll catch you later.

Peace out catch you Minana early in the morning. have a good one bye w.