Foreign. Thank you Foreign Foreign foreign ER hello hello hello Welcome back to the Mac Coors Live show It is the Wednesday June 7th. Um I Know it comes across a little orange but this is actually really red and I'm wearing it in honor of my P. L of being very very red because as many of you know, I've been bearish against the recent run to the upside and that's not been paying off.

In fact, the only bullish thing I had were Tesla calls and I got rid of those at 216. and if you look at Tesla now it's trading at 228. So my one bullish call I got out way too early. held on to all my bearish calls or bearish puds bearish call outs I should say and not looking the best not looking the best I guess I still have Netflix how's Netflix doing? Will that make me feel better? Okay Netflix bouncing off of 397 all the way up to 413 so feeling a little good there.

but Brutal Brood: A brutal day to be Mateo Let's just put it that way. a brutal day to be Me: Uh, but maybe I'll get lucky I Always like to just bet on Miracle opportunities here so we'll see how it all plays out. Folks here's what we have a couple things to talk about. obviously: I'm going to give you the seasonality of the day I'm going to call out the market events you should be paying attention to.

We're going to go over some of the recent earnings and also I'm going to call out the ones that are coming out in the future. We have some stories: What in the world is going on right now with Twitter Elon Tucker What's going on in the crypto sphere? What's going on with Apple? What's going on with the actually gitlab Crush their earnings? What's going on with them PGA and live. and also what's going on with Canada's Canadias Wildfire Coming on down to New York and making my town here all Smoky and smelling like campfires folks I Don't know how many of you are in the Big Apple right now, but we're just. we're legitimately covered in smoke.

like just straight up smoke and it's all. I Guess because there's wildfires going on and because of the air drift or jet streams or some that's above my pay grade. all the smokes now down here in Manhattan and I don't want to be that guy I don't I don't want to be that guy. but I'll say it because it's probably on all of our minds.

Is this a biological attack? A bio? Warfare attack from our neighbors to the north? Are we currently Under Siege From our maple syrup loving neighbors to the north? It feels personal is all I'm trying to say I'm not necessarily saying that it is personal, but it feels super super personal as if Trudeau is intentionally going against Biden Um, just want to throw it out there I'm not saying that he is I'm not saying that he is at all but I'm I'm just gonna call it how I see it I'm just gonna call it how I see it and it feels like Canada's after us. It very much feels like Canada's after us right now. So I want to get into that as well because it's not good from my lungs. my little child lungs to be outside right now.

but it's not going to happen for much longer. I Forgot to tell you about this. Um, but I am after this stream today. I'm hopping on a plane and going and it's not because of the wildfires.

it's not like I knew the wildfires were gonna happen I had this ticket a while ago but I have to go to Vegas for some work stuff I will be in the city with a lot of lights and sounds and all that good stuff. but I have to go to Vegas uh basically to the remainder of this week. So if you're in Vegas and you see me, hey, let's split a sangria together. I'm gonna do my best to at least try to do the tomorrow's morning stream.

There's not going to be an afternoon stream today, but we will be posting content. I'm gonna do my best to get my morning stream done done from the hotel. as long as the hotel Wi-Fi and internet is good enough, we're gonna do a little bit of a um I don't know a makeshift show if you will, so we're gonna try to pull it off. I'm gonna do the best I Can I have a webcam I Have we have some mics? We're gonna see what we can, but it is somewhat dependent on the hotel's internet abilities.

Uh so I just want you to know or maybe if it doesn't work, maybe we'll just do something from the phone and I'll walk the streets. Or maybe I'll do it live from a poker table. I'll talk to you guys about what's going on in the world about stocks, crypto and Futures and then I'll talk to people at the poker table to let them know that I'm going all in with two seven off suit. Um so anyway folks if you're in Vegas I'll I'll maybe you'll see me and if you do see me, say hi.

would love to meet you, love to meet you but I am going to be in Vegas later on this evening. Um, so obviously maybe you want to join up with locals or whatever because that's the easiest way for me to let you guys know that everything's going on with like the temporary show changes and if I'm posting, they're not posting content. but I'm going to tell you now I'm gonna figure it out I'm gonna figure out one way or another to get some content out for you because I I don't want to affect our parasocial relationship I want to keep this going strong I Really like what we have, so I'm not going to let anything impact that. but um, yeah, the one major thing I've learned because maybe some of you are now currently thinking, wait, why, what are you doing in Vegas It's like, well, your boy needs to make some money back if I'm having a bad week in training and if I'm making dumb decisions where I'm not properly respecting my risk to reward and I'm just being a little bit pig-headed a little bit stubborn.

Um, you got to make it back. It's that simple. and where's the best place to make your money back? Your best place to make your money back is in Vegas Folks, it's obviously in Vegas so that's what I'm going to be doing I mean uh, I'm gonna hit the slots hard and I'm gonna come back A rich, rich, rich man. That's my plans and I'm gonna be sticking to it.

So with all that being said before, we get into the actual show itself, don't forget to show a little bit of love to today's stream sponsor. I'm talking about Streepy if this is your first time listening to The Mad Core Show welcome here! You've probably never heard me talk about Straight Beat before. It is by far the easiest way to engage with AI in your trading career. Think of Street Think of their AI capabilities as your co-pilot to ideally improve your returns.

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We could cover what they do and what they don't do a little bit later on. but I just want to get that out there. And if you are a fan and you've probably heard me Pitch it before, if it's not on your phone yet I'm telling you it's awesome, You gotta just at least give it a try. I Really, really think you're gonna like it? Oh, does this work? Scan the app to get the code.

Does this work? If I zoom in on this, Will this work for you guys? Does it work for me? That would be kind of sick if this does work. Whoa, it does work. Update: Oh I Gotta update my streaming AI Copilot to invest in stocks I Guess that's their current tagline. Hey, it does work.

Who would have thought? Who would have thought anyway? Uh, when you sign up on the very first page, use the code mat so you can get the bonus money and then you'll They'll also know that I sent you their way. Uh, so on that note, let's talk about the old stock market. Let's figure out why I was crying all morning while I was crying because I have spy puts and the spies higher I'm a little bit happy because I have Netflix calls and Netflix is now considerably higher. I'm crying because I've been video puts and even though I thought it was finally cracking yesterday, never really came to fruition and now we're bouncing back from 381 all the way up to 388.

and then I'm also crying because I did have Tesla calls and this thing is now a 227, 228. Tesla is ripping faces off if you did the opposite on many of these plays. I congratulate you or if you were in line with maybe one of the plays that I got right like Netflix congratulations to you but uh man I feel like my my heater of a run recently has taken a little bit of a cooler right now. But don't worry I think I'm I think what's going on the universe, the car.

the cosmic Karma entities above are just saving my luck for my time in. Vegas They're like hang on. There's only a finite amount of luck, so we got to save a little bit of his just so he can really crush it when he gets to. Vegas if I had to guess I think that's what's going on, but obviously I will keep you updated on that.

All right. here's what you need to know: Oh, a little bit of breaking news just came out. CNN CEO Chris liked licked. uh, he's out after Trump Town Hall Fallout Brutal Atlantic article Uh, so you guys all remember when Trump couple weeks ago when I went to CNN Town Hall and it was a clown show.

Well apparently it was such a clown show that they're literally getting rid of. CNN CEO How horrible. How absolutely horrible. A little bit comedic because the whole thing was bad.

but I mean the Fallout Wild Wild wild wild. Anyway, that literally just a little bit of breaking news. Stock features are flat after S P 500 not just highs closed since August Uh, so things are looking good as of now I Was looking at this breakout early in pre-market over here on the top right of your screen. uh, kind of pushed.

a little bit of a like a buy stop hunt. Um, so pushed above it got smacked and we're kind of dancing around in this area, it'll be interesting to see if it can get above hold above. but I Do want to point out at least in the very short term red, white and blue, it's stacked. Obviously we've been making higher highs, we've been making higher lows looking strong.

But the other thing? if you zoom out a bit more maybe like the two hour chart if we get rejected here which is a big fat if. But if there's a rejection here, well, that's a setup for shoulder, head, shoulder and then you get the confirmation on the snap of the neckline down here. 4268 for all of my Futures Traders So just want to put out like the I guess maybe differences or things that are a little bit more evident on different time frames. Very short time frame looking strong on the 5 10, 15 something like that.

But by the time you go to the two hour four hour, it's getting to an area that there could be a pretty noteworthy reversal. and obviously we'll be watching that throughout the day. As of now, the Dow, the S P, and the NASDAQ are all slightly green oil, making about a two dollar recovery and yields, uh, essentially unchanged. mortgage demand drops despite rates coming off recent highs.

So I Not the biggest real estate talker Trader investor or anything like that, but it is kind of good to know what's going on in this world. And I Just want you know, the average contract interest rate for a 30-year fixed rate mortgages with conforming loan balances of less than three quarters of a mill decreased from 6.81 or to 6.81 from 6.91 So uh, and we see the application dropping a little bit. some uh, not the biggest change coming down ever so slightly, but nothing monstrous. Crypto billionaires wealth crushed by SEC after big 2023 bounce.

So the biggest story of really the past two days in the cryptosphere is that the SEC crushed Binance. and then the very next morning it was announced that they're coming after Coinbase now I Have some weird feelings on this I don't like what Ganzler's doing I don't like the overreach of power I'm not a fan of it. It seems like it is really that it's a grab for power that I don't think is appropriately his. I think the way this is all done is pretty shady.

We are told time and time again from Gensler himself from Gensler himself. He's like they should just come in, just come into the office and we'll talk about it. We'll get it figured out, but in reality there's no clear Avenue for any crypto operation within the US to um I guess get the regulation that they want because it doesn't exist and it's just it's childish. It seems like there's a lot of lies and deception involved, just not a fan of what's going on.

but on the other side of it. I Think other sketchy things are going on, such as the fact that the CEO of coinbase Brian Armstrong at the end of last month, the end of May he got rid of all of his stock. You're telling me that that was just a coincidence. Like a guy who's just focusing on building a crypto company is also highly informed about Market headwinds.

Tailwinds And also what's going on with the SEC So is it coincidental that he sold all of his stock right before this happened? Maybe. But I'm not buying it. so. I Think once again, when it gets into the world of Wall Street and money and people in power people that have like a combo of the two money, influence, regulatory, poll, political pull, it seems like they're all kind of scummy.

I Don't think in this scenario we're necessarily talking about like good guys and bad guys. I Think we're talking about bad guys and just a different version of other bad guys. But anyway, yeah, they're They're getting hit pretty hard here. Let's play this one sec's argument here.

A few things here. We have to think about this claim that the SEC is making that they are acting as an unregistered broker dealer and listing on registered Securities which has been up for debate in the Crypto Community when it comes to Regulators at least for for a long time now, Coinbase we know says that a lot of the things that they've listed are not Securities while the Securities and Exchange Commission believes they are and they have a very specific list here of tokens that they have referred to as believing as Securities When we've spoken to Brian Armstrong about this, on the record, they have talked about the listing process they've had at Coinbase, so we know that they vigorously disagree was what the SEC is saying. Listen, and I think There's another couple of twists and turns in this story too, because if you remember, Coinbase actually had looked to acquire or had acquired a broker dealer license that has been dormant with the SEC. So I expect that to come back up again because I've been talking about that that in recent months.

So it's not for lack of trying to become a broker dealer as they are being sued by the SEC here. Let's just broaden the conversation to Binance, which of course was the news of yesterday. So the SEC today? Yeah, and you have two different things happening on two different days. You have Binance, the largest Exchange in the world.

But some of the allegations being made against Binance are very different than the ones being made against a coinbase. Here at Binance, they are looking at know your customer rules, corrupted trading volumes Reliance on related party transactions. the accusations against Finance seemingly much more severe than the accusations against. however, in a legal Community here too, if you look, the SEC had filed that suit in Washington versus New York State.

Remember, there are ongoing investigations elsewhere when you look at the U.S government and how it's trying to look at Binance's operations. particularly because Binance as a whole is not on U.S ground when it comes to Coinbase. Again, this is a matter more largely of not just unlisted Securities or the allegations of having unlisted Securities. It is also the staking as a service which as we know is a pretty critical uh, on-ramp and the way we think about how people will engage in crypto moving forward.

The other interesting thing is Coinbase is based in the United States publicly listed the SEC allowed that to happen. That's the part that I find to be the most insane going on here, and the way that they are in fact litigated will also be different. My sources are saying over Coinbase not surprisingly that they intend to defend themselves very vigorously as what you would expect from a suit here that is not settled as as it as it stands today. So that's kind of a recap of the craziness in the world of Crypto over the past two days.

Obviously, the rich people within Crypto not as rich, but they're still down to their last few billion so obviously thoughts and prayers. But what's a little bit more scary? Let's just say for the average: Joe Binance U.S Clients have 2.2 Billy at significant risk after crypto exchange charge according to the SEC if you have crypto on an exchange I am begging I am pleading I'm on my knees crying to you in the rainstorm after we just had a notebook-esque breakup. please get your crypto off exchange I'm gonna use my platform I Hope many of you have already heeded my words of just the risk here. It's immense.

You might be saying the upside is will I get my staking Apy The SEC is literally looking into it. Your Apy, You're three four Five percent. It's simply not worth it, You you? Why would you go three four five percent over the year when you might be risking all or a huge chunk of your crypto? This is a plead from a person who's lost a lot of money in the cryptosphere because of Voyager I Learned my lesson. It was painful.

After you put your hand on a hot oven, you learn to stop putting your hand on a hot oven. I Am begging you keep all of your crypto off exchange. Obviously do you're buying. You're selling your trading.

but when you're done, get it into your own wallet. Preferably a cold wallet. But I'll even at this point except if you put it into your own hot wallet. But please get it off exchange.

The risk is not worth it. Not your keys, not your coin. if you're watching me live right now and you have any crypto, you still have some time to get the off. This isn't one of those things that like hey, I was warning you I'm warning you now before something more severe happens.

The upside reward is not worth the massive downside risk. Get your crypto off exchange, put it in your own wallet, and obviously store your password your seed phrase somewhere proper safe. You got to be smart about it. Please, please, please be smart about this.

Elon Musk Discussed a possible Mongolia expansion with the country's prime minister. so this is coming out early this morning. Tesla CEO Elon Musk and Mongolia's Prime minister on Monday talked about potential expansion investments in Asian The in the Asian country they discussed the possibility of welcoming Tesla to Mongolia for its EV battery Factory leveraging the country's wide availability of copper and Rare Earth elements which are essential components of E electric vehicle batteries. The spoke about bringing Starlink, a satellite communication Terminals and service provider operated by must obviously SpaceX Mongolia not yet publicly traded.

If it were publicly traded, you bet your bottom dollar I would invest. I Think Starlink is one of the most enticing business opportunities out there because the person who ends up successfully bringing Internet to the entire world because remember, percentage-wise a lot of the world does still not have the internet. So I think there's a lot of cool things there, But that's not really this discussion about this. It's more of the discussion of what's going on with Mongolia and also the recent positive numbers coming out of Tesla related or out of China related to Tesla And that's probably in all reality why Tesla went up 1.7 yesterday and then is ripping another three percent in pre-market trading.

so uh, Elon really just putting more distance between him and number two in terms of the world's richest man. Other things that maybe you missed yesterday and I just wanted to get your thoughts on it because I did a little bit of a deeper dive and I think the story itself is a little bit more ridiculous than I first anticipated PGA Tour agrees to merge with Saudi-backed rival Live Golf. so uh, you might not care about golfing. you might care about golfing I Don't know I'm not the biggest golf fan I watch that Netflix documentary full swing and it actually made me appreciate the sport and the players a lot more.

and I knew about this I knew that basically PGA was the main Golf League the professional golf league and then Saudi like they The Sovereign Wealth fund created live and then people accuse them of like kind of sports washing their brand image because you know they kind of like murder people and stuff. Um, but what's interesting here is the Commissioner of the PGA Tour Uh, when this was all happening, what's his name? Jay Monahan He seems like a real scumbag for the longest time. He was co-opting these very sad, heartfelt stories of alleged family friends who were impacted by 9 11. like he was literally co-opting a terrorist event to be like.

this is why you have to stay with the PGA. You've never had to apologize for being with us like why would you ever be associated with them That was a year ago that was in June of 22 and now he's like okay, never mind I like the money I'm going with you. this is a good business. like he he was virtue signaling like he was on his high horse to everyone of how just moral of the human being he is and he would never be associated with something with that.

And now the Pgas is like bending their knee and merging with. Liv I mean the guy is an absolute piece of work. um so love to get your thoughts on it. I'm sure some of you in here are a lot more informed about the situation than I am, but I I just I I think that's absolutely Wild Citadel's Ken Griffin says AI Community is making a mistake by creating so much hype I Want to come back to that? uh, after the Market opens so we'll put a pin in that for now in terms of earnings, uh, after the market closes today GameStop Gme early this morning we had Campbell's and yesterday we also had Git Lab.

Gitlab was I Guess two days ago, but Gitlab is ripping. Gitlab shares rocket at 31 of software vendor Boost Forecast announces generative AI plans I'm telling you, if you want to cause your stock to go rippity, skippity doodah, you just have to say AI as many times as you can in your earnings report, in your earnings call. it was kind of a while ago when they did the same thing with Blockchain. Now now all you have to ai ai Ai and your stock goes up every single time because of it.

Uh oh, we have a market watch issuing. Um, in terms of Market events today that you should know about. Uh, at 8 30 we got the U.S trade deficit and then at 3 Pm today, an hour before the market closes, we are going to get the consumer credit for the remainder of the week. There's not much going on normal.

Thursday We're getting the initial jobless claims. nothing scheduled for Friday nothing scheduled for Monday of next week. But next week itself is absolutely ridiculous. We get the CPI numbers We get the results of the Fomc decision we get I Mean, look at it.

just keeps going and going. We get consumer sentiment. We get all this stuff on Thursday So next week in terms of Market events pretty important for today though I Want you to know that once again, similar to yesterday, the seasonality of today does slightly favor the Bulls. Over the past 25 years, the Bulls have won this day.

In particular, 64 of the time, the profit factor is 1.94 The bias, especially over the past decade, has been favoring the Bulls. but overall, I would say it is leaning bullish. Not absurdly bullish, but favoring the Bulls Is that a guarantee that today is going to play out in the bullish? Direction Absolutely not. I Just want you to know the odds of the scenario based on seasonality.

Five things to know before the Belgium today. Wednesday June 7th New Highs Yeah, the Market's pushing. Tesla's pushing Netflix is pushing and videos. but everything's pushing.

Apparently this is the time that it pays to be a bull and I got screwed PGA Tour And live golf stun the world SEC goes after Coinbase. We've covered all these stories. Smoked out folks. This is what's going on in New York right now Canadia Wildfire Smoke creates hazy skies and unhealthy air quality in New York city.

So I was looking into this a little bit this morning because last night when I went out to go get some, we'll call them Refreshments I Noticed everything was Smoky and smelled like a legitimate campfire. I was like that's strange for an urban city and then I started looking into it and it's because of all these wildfires going on in. Canada Absolutely ridiculous. I have a video of it here.

but when I was looking this stuff up apparently in real time New York City has the worst air quality in the entire world right now in real time New York City Worst air quality in the entire world Uh, you can check this out. There's some wild photos of it so smoke from Canadian wildfires residents in New York City or just do it like I mean look at that ma'am There's no audio on this but I just still I Wanted to share my current life with you. Uh, just so you know that's not New York City New York City has a lot more buildings. this is the I guess from British Columbia but uh yeah, once again, not.

New York City We don't have that much green but some of that smoke making its way on South and it is not fun for me. How how selfish is that? It's just like oh, I don't like the smell of smoke with British Columbia's on fire and there's probably people who have serious lung issues that can't be breathing this into New York Then here I am complained like I don't like the smell um it's not. it's Nova Scotia I thought it was British Columbia because this says British Columbia BC Wildfire Service in the lower right you can't see because my head's blocking it I Just assumed it was from British Columbia because right here it said you can't see it but right under where my mouth is. uh, my mouse and my mouth really British Columbia BC Wildfire Service I assumed it was there.

Does it really matter Canada's Canada Folks let's not get all up in arms about the details of like the was it the provinces up there like dude, it's north of us. it's it's above the wall. it's near the white walkers. It's all the same.

It is. Trust me folks. I've been there, they're all the same. They look the same.

they all. well, they don't talk the same. but you get the point. You get the point.

All right. So we did that. We did that. I Want to see? this is Holden it's trying to hold.

Uh, we have some resistance right here. A little bit of an overshoot, but let's see how this plays out. Might have another little pop here. The market does open in about a minute and a half.

We have 90 seconds to go I Want you to know that the seasonality of today is bullish and in terms of my current positions I Just want to keep you updated on where I'm at in my life. Uh, and apparently this is not letting me do what I want? Why is my Weeble all messed up I just need to kill the program Uh I have spy puts I have more spy puts I have coin puts I have q puts I have Tio puts I have Target puts I have been video puts and I have Netflix calls. Those are all my current positions, most of which are in the red. So uh, your boys looking for a bit of a miracle today? A bit of a miracle if you will.

So I'm I I want the Spy right out of the gate just to get horribly smacked? That's what ideally would happen. but it feels like once again, a long shot. The market is looking strong. The seasonality does favor the Bulls I'm not saying it's going to go my way I'm just letting you know what I want to happen Tesla looking absurdly strong.

So as you know, the plan for us is to watch the market open the first 10 15 20 minutes. Obviously if you have any questions feel free to let them fly. Uh, more than I need to somehow figure out how to reopen my Weeble because the program is not having the best of days. Weeble Come on, open up for me.

Open up for me. Give me a little bit of luck. a little bit of luck. There we go I think I think I Got it.

Okay, program is open and that's not the only thing that's open. Dingety ding ding ding. The casino is open. Best of luck to all.

Play responsibly, if not, have fun and feel free to send some of your luck to me because I'm going to need to make some money back in Vegas for the remainder of the week, but we'll talk about that later. So like I said spy puts, cue puts Nvidia puts Target puts Teo puts and Netflix calls those are my current positions. We'll see how it goes. Gme I see some Gme some GameStop excitement Gme Uh, they do have their earnings this evening I still have my Jamie stock I don't have any options or anything to this has taken forever today.

A little bit of a gap up there, people. some excitement. A nice push on Jamie Looking strong. currently up five percent.

Uh, let me show you a comparison. that's Gme and in the same time frame this is AMC Clearly in the recent time frame uh, it's it's mathematically just shown like right in front of your face that obviously Gme is outperforming AMC like I don't think there's really any if ands or buts about that one. Uh, it already has one Milli volume that is just absolutely ridiculous. Absolutely ridiculous.

Uh, apparently in videos pushing which is not good for me I'm getting some alerts about the remember we were talking about Airline plays that I like oh Luv holding that breakout uh I Don't know if I even really necessarily like this for options, but I mean even as a stock investment, you could be risking two dollars and potential. Upside: Target all the way to 39.40 getting in here. That's a nice return. That's almost like a 20 30 return.

So I'm liking that. I'm also liking Shopify Just like the breakout hold, the risk is a little far away, but if you got into it yesterday I think the risk rewards there. I Also like just basic technicals are kind of consolidation. breakout Google's showing some strength as well.

So those ones that I just ripped through I'm not necessarily like saying oh like I love these for like a day trade like I'm yoloing into calls no I like those even maybe potentially for a medium term like just like stock swing trade uh so just want to put those out. but I I like what's going on with the airlines right now? We see some breakouts with low risk investment opportunities I like what? I see with Google it's just it traded higher Consolidated breaking out looking strong Shopify gapped up after earnings starting to come down. It made what's referred to as a bull Channel lower highs, lower lows broke above it held it looking just wrapping some strength. So um I just wanted to share those three with you Mike Tyson versus anyone I've got puts on Mike Who's Mike Tyson fighting anyone I feel like he would still win in a fight against 99.99999 of the planet if I just had to throw out a statistical breakdown there.

Uh, we have Wall uh Regional Banks catching a good bid and there's some commentary from Yellen But if you look at Kre which is the ETF or some of the just hot Regional Bank names such as Pac West uh Western Alliance they're actually looking pretty good Microsoft neutral today AI almost up to 39 Apple chilling at 180 coin at 52 Teo at 108 107. I'm looking for that to break uh, below a dollar Target at 131, my risk is 130 there Netflix is at 4 17. I've been calling out Netflix to all of you, all of you beautiful people all The Goonies for a while currently up 35 on that um Netflix I'm really liking this play I called it out I think a week ago at this point and I'm still holding it because I still really, really really like it uh Tesla Huge strength I wish I held that one uh Rumble at 9.92. I Wanted to talk a little bit about Rumble not necessarily as a stock, but as a company so shout out to everyone watching on Rumble right now um I think did you guys catch like just all the news related or maybe you watched it yourself but just all like the Tucker Carlson making like crazy crazy numbers on Twitter Um, we don't know how many people watch the show.

We know how many people saw the tweet and like over 60 million people saw the tweet that was a show which is obviously different than how many people watched the show. but even then, even if we assume 25 of people like clicked on the show, that's 15 million. even if you assume 10. Let's just say it was viewed 60 million times as in the Tweet the Tucker Carlson show on Twitter.

Let's just assume that 10 actually watch, that's still six million views. That's a lot of views. That's a lot. A lot A Lot of views.

Um, 75 million. Now once again, remember that's not how many people viewed the show. That's how many people viewed the Tweet which is a very different thing than how many people viewed the show. but I don't know.

like I guess I want to talk to specifically people who know about rumble? or maybe you're on Rumble right now. Do you think that like this is almost fracturing the business for both Twitter and for Rumble the fact that like maybe some are gonna go and do it on Twitter and have their show there, but then some people are still going to be on Rumble I guess I just kind of wish that they paired up like I wish that they were official partners and maybe the video hosting on Twitter was all supported by Rumbler. Something like that. um I don't know.

I was trying to think it over and obviously Twitter has Periscope like they own that software so they can bring that alive again I Don't know. Maybe this is like kind of a wish type of a thing. Uh, well. I really do because like I mean I like both and they're like I think the competition like well I don't I don't see them like both winning.

Um so I see like a little bit of a fracturing going on and in a weird way, this is just my wish. I do wish that Twitter was spending its resources on re-releasing Vine to the world opposed to Periscope I wish there was a bigger emphasis on putting a competitor against Tick Tock and a competitor against YouTube Shorts as opposed to uh, like kind of making a video platform or building out a video platform that I think is going to fracture like kind of right-leaning commentators I don't know I was just thinking about it all I guess we'll see how it all goes. Uh sorry Matt for being late today. Been bad lately.

Talk about getting a demerit. Hey Matt did you see Twitch's latest mess up? Good news, possibly for Rumble in the long run? Oh for sure. So Twitch is interesting to me right now because it seems as if I even tweeted this yesterday. It seems to me as if they're speed running.

How to collapse a video social media platform? Every decision Twitch makes seems to be perfectly the wrong decision. They they're dying. If you are a content creator or streamer I'm telling you, don't waste your time on Twitch because I Really don't think anyone's gonna even be talking about it if you fast forward three or five years. I Really really don't whatsoever.

they they're speed running just how to mess up their whole like it's all horrible. Uh so if you guys didn't catch it, the tldr is like a lot of just rules related to like burned in ads. um the percentage of your screen that could be like an Advertiser like they're just making all these rules and essentially just hurting content creators and most likely just ensuring that they like make less money and everyone got pissed. uh as when goal got pissed Mr Beast got pissed Ludwig got pissed uh most critical God like no one one was in support of it.

zero zilch goose egg. That's how many people were in support of Twitch's like recent I guess guidelines and brand development and blah blah blah they're killing themselves. They are absolutely killing themselves I think there's zero reason I cannot come up with one reason to be on Twitch The only reason I would be on Twitch is if I already had like a Twitch following and I would just using that to tell them I was going elsewhere. whether that's Rumble Youtube kick Twitter shoot I don't know Odyssey Anyway, that's the only reason I would possibly go on Twitch right now is just to tell my audience that I'm going elsewhere.

That's that's literally it. Uh, so wild things. but they're dying. They they're dying a very slow painful death.

and I think people have been calling it out for a while now. like I don't think that's like a unique call out for me I don't think that's a big brain call out for me. Uh, but it's just become very, very evident. So especially a shout out to any of the people in here who are content creators or wannabe content creators.

I Just would not consider twitch at all. like clearly it's a dumpster fire over there. You know what else is a dumpster fire? My current trades my current trades are an absolute dumpster fire. Let's see how this is all setting up.

Uh, just trying to be calm, trying to not make any rash decisions. not trying to make any rash decisions this early in the morning. I'm praying that we just get a rejection. At this key level, we're just above a key level 4 300.

there's a magnet just above it because that, like roughly relates to 4 30 on the Spy Remember this is the Futures market for the S P 500 and then spy is an ETF ETF Tracking this by the actual like S P 500 itself is SPX just for any of you who are curious coming up to resistance and I want to see how it reacts. I am of the opinion that there's a decent chance this might go up. kind of do that fake overshoot like a fake out breakout and then get smacked from there. um I don't really have any math or anything to back it up.

it's just more of like a boy can hope a Boy Can Dream Beings I have so many puts right now so we'll see how it goes. short Twitch. You know if you want a short twitch, it's owned by Amazon and I think there's just too many other things going on at Amazon that twitch doing well or not doing well I think hardly has an impact on the stock price. So I don't think we can necessarily make money off of it if Twitch was its own independent company.

That's a completely different story. But if you just look at Amazon's revenue in total, if you look at the business that's on at like in general, uh, twitch is very very small. So like even in the absolute collapse like where like I I Just don't think there would be like a huge financial impact on amzn. you know, uh, when the Spy turns up, I'm going to have to double down.

Well I'm hoping it gets smacked pretty soon here. Remember in terms of Market events, there's nothing big coming out at like 9, 45 or 10. The next thing today is at 3 P.M an hour before the market closes and that's the con. Uh, is it consumer sentiment or is it spending? I don't know.

Hang on, let me look. something comes out at 3 P.M consumers spending Consumer Credit I was kind of close there almost I was in the ballpark I got the first word right? But yeah, an hour before the market closes today, we get the Consumer Credit Report. Uh, speaking of just some of the streamer drama and whatnot, as we're watching the Spy Rippity Skippity doodah um, this is apparently Aiden Ross claims mizkiff and Hassan are banned from joining kick I Find that hard to believe there's only two streamers that are banned from Kick. Miss Kick.

You can't come. You're not coming to kick bro. I'm sorry you're not coming bro me. and Bruce you don't want you here.

You're not coming. That's first of all, you suck a dick Hassan you're not invited even I'm gonna be honest, bro, you're not coming. Um, those two are bad. Okay, they cannot come.

Pokemon There's only two shimmers that are banned from kick I Guess those two aren't allowed on I Don't know if it's like a bit I Don't know if it's a joke, but um, that's what he said I I don't know if he Aiden Ross really has the the power to say who's fully banned from the platform and who's not. but maybe maybe true, maybe not. um Ms Kiff is annoying as I've never met him I've never talked to him I'm not a fan of his content. it's just it's not for me I'm not the target audience I Just I I Don't enjoy his content.

Um, but he's on Rumble so I want him to be successful over there I hope he brings people over there but I just like something about his attitude I in my opinion when I when he announced that he was coming on to rumble I watched that he was on Twitch he was live streaming on Twitch saying hey I'm actually signing with Rumble I'm going to be on Rumble for whatever x amount of hours a week, a month or something like that. um I guess I Found it a little personally offensive because I like Rumble I think uh in terms of Finance like I like what our community has specifically become on Rumble I think a lot of people on Rumble in general, even if they don't care about Finance our community has gotten to a point where we're just like part of their morning get ready because like we're the first uh, quote unquote larger account to stream on like a daily basis on. Rumble Uh, so I care a lot about Rumble I've met the Rumble team I think they're great people I Really enjoy the audience that we've cultivated on Rumble like The Goonies over there really are cool So this is a roundabout way for me just to say like yes I care about Rumble and to tie this back to mizkiff if you watch. When he announced it on Twitch he was like in no way excited.

He was in no way positive. He was acting as if it was like something he had to do. He's like oh like I'm only gonna be over there like a little bit like don't like he was talking. It had like a very negative overtone and I didn't like that at all.

especially because he just signed a contract. Dude, they're giving you money. like be excited about it so I I Don't know that rubbed me the wrong way. I Just like, wasn't a fan about that, um at all.

and even before that, he just like his content's not for me at all. I Know a lot of people like him. arguably his audience is considerably larger than our audience here, but it's just he's just his content is simply not for me. It's honestly that simple of a situation.

A lot of people talking about Mbis still uh well, it's coming down today I Know I had a good run yesterday I still wouldn't Chase it I mean it popped huge around 7 25 then came down and tried to make a bit of a recovery pop big this morning but now coming down off of it I I Just don't see the advantage here I Feel if you're getting into Mvis today, it feels very Chasey I Mean Mvis has already been ripping. Why are you chasing what's your risk? I I Think it's as simple as the risk reward is not reasonable in. May The start of May Uh, five weeks ago this thing was trading at two dollars. Now it's at seven.

Like why would you chase that you're if you're buying right now, especially for like a swing trade. It feels as if you're just the exit liquidity. It feels as the people who wrote it up, they're happy to sell it to you. They lock in your money and there's a good chance of you being like stuck holding the bag.

So I just don't really understand the risk reward argument. It feels like a little bit more of like just the degenerate opium like you want it to keep going. especially with I mean the volume yesterday was huge, wasn't it it? It's just so close to having massive volume exhaustion. so I like I don't see any advantage on this one.

I Think the odds are stacked against you I'm not saying that they're it's impossible, and you're guaranteed to get screwed because there's nuts. No such thing as a guarantee in the world of trading. but I mean you're gonna suffer from volume exhaustion. It's already coming down.

It looks like a blow off like exhaustion top type of a setup. like I think if you're buying now, you're the exit liquidity for people who got in early and have huge huge gains and they're just saying thank you for like buying their bag. Palantir is still going and the argument's the same. Even if you get into Palantir right now, what are you risking Palantir? Yes, the momentum is phenomenal, the price action is phenomenal.

the Bulls are evidently dominating. but that doesn't just because something's bullish and ripping doesn't mean you buy it. What is your risk? What is your reward? I Think the ratio is just blown out. So if you got into it early, congratulations to you.

Ride the trend. Ride the trend. Ride the trend. That would be my.

That's how I would handle it I would ride the momentum as much as I possibly could. But clearly, if you're getting into it now, not long ago, it was trading at 50 of the price, you're paying a massive massive premium and the farther goes. inherently, it's closer to getting smacked. so you're taking on large risks.

So if you do it, hey, I wish you luck I Want you to make money, but this is just you're in a dangerous Zone I guess like there's no other way to say it. Uh, Gme gapped up coming down today, but still up four percent. Remember they have earnings tonight, so that's a bit of a binary thing I'm not playing it I just owned my Gme stock. but I'm not doing like calls or anything like that.

uh Regional Banks Still kind of waking up trying to get going wall. how's pack W doing Pac W same thing trying to break out of 850 packed up, used up three percent. Wall is up 0.6 uh AIS at 37 Apple apparently pushing a little bit today Apple Kind of a dangerous play, but maybe not the worst if you're risking 177.50 is that 181? You could have got in at 180, but it's right at Resistance. Uh I don't know if I would actually do that.

All right. The Spy has been pushing all morning, but the question now Tesla's even turning back around Tesla at 228 that is crazy. Uh, Mvis getting smacked pretty hard. Palantir is still going Nvis I mean I Know there's a lot of Mvis supporters in here, but I think that's a lot of recency buys.

Just because something's going doesn't mean that's gonna keep going. Um, if you're buying Mvs like similar to like Palantir I think the argument is just you're you're exit liquidity. Why are you? You're literally taking on someone's bag. They bought it when it was cheap and they're selling it to you now at a premium and it might get bigger.

The bag might get a bit bigger, but you're literally just someone's exit liquidity. and like I don't know if that's the best way to be doing this. Um, what else do we have? I was at Mvis supporter got out. Yeah, that's the game of trading.

Eventually you have to sell so you lock in your profits and good for you I Like that it's an active trade in out. but the question now is the active trade. Is it still worthwhile to be going long and time will tell and maybe you could make some money? I Don't know if this is the peak or if we keep going, but I Can say from a risk reward perspective, why in the world would you be entering right now like I I just don't I don't see the argument I don't see the math I just I don't understand it all right. let's look at this.

Ooh I think the market is about to come down? Yeah, I think we're about to get a little smacked right here I Don't know if it's gonna hold this level? Uh, you can look for the breakdown, but we have this pop back up a little bit messy. Hang on, let me check this out. Maybe we need a bit more of a development, but I'm looking at these shorter time frames. we're running up to an important area.

We got this breakout. I'm just looking at the three minute. the one minute. we had a little bit of a gap here.

it's battling. but let's see. let's see who wins this. What time is it? 9? 50.

So we're 20 minutes into the day, the Spy has pushed up to 429.50 uh Tesla Having a good day Mvis getting crushed palantir having actually a pretty good day still Apple Having a good day Microsoft was having a good day and then kind of made a double top at 334 getting uh crushed on the intraday right now Amazon Getting crushed down point five percent Google popped going flat uh Walmart moving uh, just green on the day intraday looking a little bit more exciting Target Looking weak Looking for the breakdown of 131? Really? I want the breakdown of 130. Nvidia Unfortunately, looking strong might be coming to my cut region here pretty soon I need to be careful with that I don't want it to cost me money like it has in the past I'd rather just take a paper cut on it. uh Netflix I hot I Want Ugh. Of course the one I want to look weak is looking strong and the one I want to look strong is now looking a little bit weak.

Um, that's sometimes how it goes Teo somehow bouncing all the way up to 125. This is, uh, the recent I would say victim of Hindenburg research. uh, getting crushed from that five dollar region all the way down to 124. I'm looking for the snap of a dollar.

What else do we have? Unh United Health Group Uh, let's look at Texas Roadhouse Texas Roadhouse looking good at 112 up 1.8 percent Bitcoin trading at 26.7 K Ethereum training at 1864. what else we have? Coin is actually putting in a game today. Coin uh, got smacked down to just below 52. but then a lot of buyers stepping in on coin.

Interesting. Did not expect that to happen whatsoever. Definitely did not expect that to happen. Ai Ai is picking up AI is at 38, almost knocking on the door of 40.

interested lift I See some people talking about lift trading views being slow Today is anyone else having like just lag issues with trading view? Is it just me? Lyft already got its upside Gap filled yesterday gap down, then finally started to rear its head up and got its capital up to 10. Um, entry was probably realistically around 8 50. Uh, so fight so far is going up because of the whole student loan payment thing. but once again, you're late now you wanted to get into Sofi You wanted to be an early one.

You don't want to buy at Resistance after it's popped from 450 all the way up to eight. That's a little silly if you're in it if you got in earlier. Yeah, ride the trend. but this the entry on this one was basically when there was rumors about the fact that people were gonna have to start saying paying their student loans back again.

Uh, but you're way late to the party now. way late. It's one thing to get in at five, five, fifty six, something like that. but it's at eight and you're buying at Resistance.

Um, so if you're in it, yeah you like, maybe it breaks? maybe it doesn't I Don't know, but to buy it now your reward is so little and your risk is so immense. I I Just don't see it. My palantir thoughts: We've already talked about palantir. All right.

spy. Whoa. Tesla moving Tesla popped all the way up to 230. man I got out of that play too early.

uh Tesla the next stop I would say is basically 234 if it can keep. Whoa dude. Tesla has been a runaway madman I'd be watching 234 if I were still in Tesla which I'm unfortunately not all right. A little bit of a toppy setup, a little bit of a poppy setup in the spy.

Let's hope that that's the peak and we get smacked from here. At least that's what I'm hoping if you're bullish I guess we're rooting against each other, but I would be over the moon ecstatic if the Spy dropped to like 426 425 today I would be I would be so happy I'd cry I'd cry on the inside and on the outside. how are the cues looking? The keys are starting to come over to uh so a little blow off top right here. Uh, just a little running some of the buy stops.

Uh, just talk about exit liquidity. Yeah. I mean we ran up to this key level. look on the Futures Market 4 300 These people were exit liquidity.

Uh, people were selling it at a premium, forcing the buyers to be buying it at a premium and then the markets dump it on them. Will it go that way? Will it remain this way? I Have no idea, but in the short term that's 100 what happened. This is the key technical level. It's a key psychological level.

just above 4 300 We push up into it. the people who bought are selling here. This is exiting. This is these are the buy stops and then it gets dumped on them and it's just punishing the people who are chasing this.

This is why you have to be so careful about chasing because the market has such a unique ability of crushing people who are chasing. Do Not chase the people who bought right on this breakout right? The first thing it does is it scares the out of him and it drops the market. It might recover I Don't know I Don't know what the next car is going to be, but you had the smart people buying early at Market open. They push it all the way up.

We basically just auctioned higher and higher and higher algorithms, ran it all the way up here, and then they sold, and a bit of a market shift they start to dump it on them. So the people who are now carrying the bags from here, they're like instantaneously underwater Now Is it going to last that way? I Don't know. but this just is not the time to be buying. especially on this one.

This is like that classic fake out. Let's push it a little bit higher because then people are like okay, cool, higher highs, higher lows I'll buy it and it's going to keep ripping and the first thing it does is just dump it on them. So this is not the structure where Maybe once in a while there might be a decent argument for chasing here there somewhere. but on this bar at 9 51 and I know this is a one minute bar.

but just if you're seeing this Market structure anywhere, this bar structure anywhere, the the buyers here on that breakout, they're the suckers. They are definitely the suckers. Jimmy Earnings thoughts: Oh I have no idea Uh I haven't really been following what's going on there I want it to be I would love for it to rip but I mean I have my stock I would love for it to pop just so I could get out of my position. Uh, but I don't really know what's going on Rumble chat where's Birkenstocks I wear Birkenstocks uh do you consider Elliott wave theory a practical Market guide Uh, there's parts of it I like there's parts of it I don't like I'm not the biggest Elliott wave guy Uh, same thing with like Wyckoff I Think there's good aspects to it, but it's not in my mind.

the Holy Grail by any means. that's honestly I Think true with a lot of theories is you need to be objective enough to understand the stuff that you enjoy in it and that you think's realistic. And then also the thing that's just like snake Oil. and so there are certain people who are like fully bought into Elliott wave I think that's silly I think there's parts of Elliott wave that I'm like okay, that makes sense.

there's parts of Wyckoff that I think makes sense but you're gonna find almost like religious zealots who like only trust Elliott wave who only trust Wyckoff and I'm like. well that's also a little bit silly. like I think subscribing to any of those methodologies as the end-all be-all is a little bit silly. Are you looking to add anything to your positions in your portfolio right now? No, No No.

Joe I am just trying to manage my current like bloodbath of a situation. my absolute Bloodbath Netflix Dude and even my Netflix games are now back to plus four percent. I was up 35 Dude I am getting murked today mert Elliott wave and Wyckoff all use order block validation. Just learn valid order block detection I don't know what you mean I haven't heard that terminology.

order block validation um like. So for example I like with Wyckoff basically it's a roundabout way or even Elliott wave. it's a lot of like just consolidation, expansion, consolidation, expansion. but you're going to hear that type of stuff also in like Darvis box.

Like a lot of this stuff that people say about the market, they're all saying the same thing, just slightly different. That's that's kind of what it is and then they just like put like different. phrases here and there and they look at different times. So I don't know if that's what you mean with order block I'm like oh okay, it's consolidating volume pops, that's a big buy order and it breaks out and then we Trend and then it consolidates again.

But you're gonna hear that type of thing a lot across many different methodologies that swear on their life. They're unique and they're different and there's no one else like it. But in really, in reality, it's just like a variation. uh, like a variant of a thing that, like most of us are already talking about, it's very, very rare in the market to have a completely new and novel idea.

Everything is essentially like, almost like a Frankenstein combination of many other derivatives of things that people have known about for decades now. No one's really coming out with like a brand new thing that no one's ever heard of. It's just always slight improvements and that's I Don't know, that's just the world. That's how like a lot of like technical progression, a lot of that stuff.

It's very rare that we get like a completely new, unheard of thing. Uh, people are saying palantir is still running. Whoa. That 10 a.m hits a little bit harder.

Palantir is ripping I Have no palantir, but if you're in it I Congratulate You Ride the trend, Ride the trend, ride the trend. Uh, that's my point. They all point to finding support, resistance, accumulation, distribution. Oh yeah no.

I fully agree with you zero like it's all slight different names on the same and like just a slightly different take and um if one of those is I guess described in a way to you that it just sticks a little bit better and it makes a bit more sense to you have that I'm not here to like uh, besmirch any of these. You gotta find what works for you, for your personality, uh, for your whatever your favorite like learning technique is. There's just sometimes people explain things in different ways or it's a pronounced in a different way or it's like just it's just done differently that like it might just click for you a bit better. So whatever that is I implore you to go on your own educational journey and like find these out.

Um, but speaking from a higher level of you is like I don't think any of them are like particularly unique I think there's actually a lot of similarities like I've read the Wyckoff book I've read the Elliot Wave book I've read like Larry Williams books like. to me it's all just slight changes on essentially the same foreign who owns CNN I Don't know. some rich people, some rich people. Uh, can we pull if we are green or red at the end of the day? Yeah sure.

I'll run the poll right now. Start a poll market today. Market today. Um, Green Red.

Ask your community. All right, it's up there. Cast your votes, Cast your votes. Um.

I'm watching this level right here on the Es. Pretty evident. Pretty evident. What do we have going on? Nothing too much.

Maybe there's another push in here. It's shown a little bit of weakness right now, but on the three minute on the five minute, it's very much. uh, adhering to the 10 exponential moving average using NS support. It's kind of been riding it for a while now.

This red line ever since. Um, whatever. Five in the morning, six in the morning, it's just been riding this red line. The 10 Exponential move.

Damage. try to break below it. Nope. keeps going.

So I'm kind of just watching that as support on the three minute. The five minute not necessarily the 15. Uh, but let's see if it can stay above this. If it starts to break below and like have a couple bar closes below, could be some weakness.

Matt has a spy flipped. Yet with the red, white and blue, it depends on the time frame. So on the five minute red, white and blue that's favoring the Bulls on the 15 minute red, white and blue favoring the Bulls the 30 minute red white and blue, the two hour red, white and blue, the four hour red white and blue, the daily red white blue, the one minute is red, white and blue. the three minute actually every single time frame right now from the one up to the Daily is red, white and Blue in that order, favoring the Bulls.

Now obviously for things to change, you first see a change in the lowest time frame. So if something were to change, you would first see it here. But like I said I mean feel free to rewind the stream but didn't I call it out around 9 50 of how this was looking a little. Toppy and I used this bar right here as my oops.

What did I just do what the did I just do this bar right. Here was my example of why it looked: Hoppy classic trap. It goes slightly higher, not backed up by anything and they smashed in. These are the suckers.

The people who bought here were suckers. Uh, you had the quote-unquote smart money. The people who were long sold so they sold. they locked in their profits or they went short.

but someone else bought off of them and that person just got crushed. Uh, and then it dumped a little bit with some ferocity, try to build itself back up lower high, and then it's just getting dumped from there and now we're slicing through what was the breakout region. um, from yesterday. Uh, these two dotted yellow lines that I have for you.

This was the high from yesterday and also the high in the kind of like overnight session. So I was just watching those two individual highs and that's where we're at right now. It was functioning as resistance. Let's see it.

if it acts as support, it could totally bounce off of fear I don't know, we have to watch it. This was a little dramatic. Quite a bit of velocity of selling off here, but let's see how this in reality plays out. Let's see how we end up playing out, but you can just see we're dancing around this important level smack though at 4 300.

not enough people wanting to buy it above that level. palantir having itself quite the day. Netflix I wish it would do better. Tesla Having itself quite the day is the video going back into the daily Trend today was yesterday fake out breakdown.

Thus far it feels like it, which very much makes me want to cry hang on a second in video. it was pumping this morning but getting a little bit of a smack. Now back down to 392. I mean yesterday I got excited because it snapped 380 and quickly vomited to 382.

So my risk is 396 currently. Um, it got close. It hit 395 this morning. so obviously I I wanted to keep coming down.

It's just I I can't I had one good train on Nvidia And now all my preceding two, three, four trades are just basically giving back all those gains. So uh, Nvidia is making me cry, making me cry, Hey folks, if you haven't already, I would vastly vastly appreciate uh, you destroying the like button on YouTube we're at 30