No Me: Oh it's to the Moon YOLO Oh brother, oh brother oh brother oh brother oh brother oh brother. Good morning, good morning, good morning. What is going on Nerds, Oh brother Matt is morning coffee Clint You are morning cocaine You're Something A Little Bit Stronger But honest ly Clint I dedicate my sixth shot of espresso to you. So yeah, we're going to do that.

Um yeah, your boy is currently five shots of espresso deep working on my 61 because Piper decided to stay up all night. She sleeps all day, parties all night, keeps me up all night. So I don't know. It is what it is.

It is what it is. This is. these are the cards that I was dealt technically I dealt them to myself. So I'm not going to complain about it too much.

but at least I Crushed the stair stepper this morning. Uh, show of hands, Show of show of hands in here. Uh how how many of you guys already did your your cardio? Wait, You can drink espresso without being in a Martini Apparently you can. It's a new invention our top scientists.

They put their minds together and it's a recent invention. But yes, they've actually extracted the espresso out of espresso martinis. Um, so if you want, you could just Crush an espresso then crush a martini. But yeah, it's some recent recent developments.

I did some cardio back in May Hey Brian that counts. ran 5.3 miles at 6:00 a.m. Super strange distance. But also congratulations, that is quite the distance you need to wake her up in the day to teach her not to be nocturnal I do that and then she gets mad at me and we're in just like this.

Weird. uh Cold War Emotional War type of a situation. no cats in the bedroom. She'll live.

Yeah, but that's just cuz we have guests and we don't want to keep the guests up. So before the guests were here we did do that. We would kick her out and just let her do what she wanted all night. But now because of the guest we keep our Anni room move the litter into our bathroom like we just did all this stuff and it is what it is.

um big no Matt looks amazing I know you're being sarcastic but I I I needed that this morning I needed that do my cardio from 9:00 to 9:30 listening to you my friend. Well I hope that means you're running or doing whatever your cardio is with pure anger you're like I just wish this kid would shut up and it really just get you going. Whatever those extra two to three minutes that you need at the end, did you just get done doing your hair? It's all jacked. Um I took a shower because I did cardio and I still have a a thick head of hair.

a thick bush if you will so it just takes a second to dry. but jeez, I didn't know there was going to be so much I didn't know I was going to have to answer so many questions this morning. Don't you have questions about why Netflix is ripping and why Tesla is getting its teeth kicked in? Um I Guess what? What is this the show of make fun of Matt as opposed to like let's talk about the massive movements in Nflx or TSLA is that on anyone's mind or are we just here to to just what? What do you think this show is 120 Minutes of just making fun of me. we're supposed to be talking about Market stuff we're supposed to be talking about the economy.

We're supposed to be talking about degenerate trading. Um Matt I need a blunt and some head today. Well I hope you can track those two things down. Man, you make fun of us and waste our time all the time That that's true I can't even fight back against that one I can't I That is a very accurate statement.

All right. Well enough enough of warming up the crowd. You guys are warmed. You guys are all primed up for the actual show.

You know that's the issue when I have a oneman show, you go to a comedy show and they have a host who warms the crowd up. They Prime the crowd to get you in the right mindset. Uh, and then the other person comes on. when the crowd is warmed up and you're ready to like already crush it.

Uh, the issue here is with my show I need to do the warming and the crushing and it's it's multiple caps I I need to get you guys warmed up. the show's starting the day starting and then I need to actually go into the show and that transition can be a difficult one. and I don't know what? We've probably done a thousand shows at this point I actually don't even know how many shows we've probably done over a thousand shows. Um, still haven't quite figured it out.

Still have not quite figured it out. but maybe one of these days. one of these days, how long for Tesla to bounce back? Dude, who knows. Flip a quarter? You tell me no one knows.

Dude. No one on this planet's going to tell you when it's going to bounce back. It's more of if you're a short-term Trader trade with like the trend and if you're a long-term investor, well do a fundamental breakdown on the company. I Think the long-term Tesla is massively successful I Know this might be sick to say to all of you, but um, in the back of my mind when I see Tesla getting crushed I Kind of like it because I don't have a full-size Tesla position.

so I want to buy Tesla I want it and of course I want it at a cheaper price. So I know some of you already have like your full siiz position you're like dude, this sucks and I feel for you but obviously this is this is the Mac cor show this I I care about me myself and I and I want my account to be solid entries and then ride it to the absolute Moon So um I know it's I know it's messed up to say but I I would not mind honestly if it goes sub 200 in the short term. if you think that that could happen, maybe you want to be a little bit more active. Maybe you want to play a little bit of puts, but in the long term I'm trying to invest that low of a price as possible because I really do think that it rips I really really do.

Um, Tesla's PE is way too high. needs to come down. A lot of tech companies right now are way too high with yields. I mean the 10year yield didn't break above five yet, but it's flirting with a five.

It's flirting with a five for sure. Uh, so with Yields this High bonds getting hit the credit card situation as in credit like there's way too much credit card debt. The restart of student loan payments I mean there's just so much going on that I don't think the way in 2021 when the market was just ripping ripping ripping ripping ripping. I Don't think that really happens again until probably 2026.

maybe 2025. but we just we have to take care of inflation. We have to take care of. So there's political turmoil on in the US but also globally we have yields ripping.

We have bonds dumping. We have inflation still being a very real issue. credit card debt, student loan debt there. There's just legitimate issues that it's going to take a while for it to all get figured out.

So yes, the market es and flows. It really really does. and this just happen happens to be one of the Cycles where things are a little bit more difficult. things are a little bit more rough.

but hey, if maybe you're somehow evading all that, maybe somehow you're parrying all of that, and maybe somehow you just Yol loed into degenerate Netflix calls actually. uh, a question to all of you, how many of you did anyone in here YOLO into Netflix calls. I'm going to be going over why Netflix is exploding to the upside I'm also going to be going over why Tesla in the short term is right now getting hit. Uh um.

but before we get into that I I Just want to applaud someone I didn't I have no Netflix position uh I I'm not long I'm not short I don't have shares I don't have calls I don't have puts I'm just not playing it right now. Um, but Netflix is ripping the faces off of bears right now And it is. It's Brutal is isn't daddy pal talking this morning? He's talking at noon o'clock Noon o'cl No. but I told you Tesla put yesterday Bugsy Uh I don't remember you saying that so it doesn't count.

You can't be giving yourself a gold star like that. In fact, when you give yourself a gold star like that, it almost makes me want to give you a demerit. I'm not going to give you a demerit because I am a benevolent leader of this particular digital. Kingdom But come on, come on, can can anyone in chat corroborate Bugsy Saying he told us to buy Tesla puts because I don't remember it I don't remember at all I was going to Deen YOLO into it but for some reason my brain kicked in for a second and did not.

Well, it happens. It happens. It happens. I saw a couple people on Twitter AKA X that Yol loed into it and hey, it's fun.

Congrats to all those people I Can screenshot it Bugsy We're all waiting for proof. You either have a gold star or the Merit on the line. You are now in a very highrisk, high reward situation. So you either produce the screenshot and you get a gold star or you don't produce the green screenshot and you get a demerit.

So now now you're now. you're swinging for the fences when the count is loaded. You have two strikes, three balls, and it's the bottom of the ninth. Your team is down by three and you're e.

You're swinging, you're you're you're going out swinging Here We go man. Full Count Bases Loaded uh and we we'll see how it goes. We'll see how it goes. Uh, who was the a-hole in here yesterday again? Jason I think he got banned though cuz he was like trying to talk about how great that one group is in the Middle East that I don't want to say cuz I think I get in trouble on YouTubes Uh, we probably should be talking about some of these things because uh, you know there's some craziness going on in the market S&P 500 futures inch lower as the 10-year treasury yield nears 5% So here's a look at the Spy Actually, let's switch it up to the features just so you could see the overnight session.

We kind of were vomiting all night, but actually right now things are starting to whoa. Holy dude, this cat just jumped up on me. I'm standing right now and out of nowhere. Where did you come from? You want to chill for a little bit? Uh, out of nowhere she just ran I didn't even know she got in here.

What are you doing today? What are you doing today? You want to trade? All right? Well, let's get back to this. uh Market popping a little bit right now, but overall the Spy is actually slight slightly up in pre-market trading close out the day at 43021. Uh, pre-market 431-2798 30 This morning we did get a jobless claim and then at noon o00 today noon o' today we're going to be hearing from the Chairman of the FED Jerome pal. So couple things going down: initial jobless claims came in a little bit less than expected.

arguably a bad economic report, good for the stock market and then drum how speaking, but also he's one of seven Fed members talking today. So a lot of fed stuff going on. What's going on? What's going on? Little dude, What's going on, Little dude, What's going on? You want to hang out? What are you doing? Uh, she's just vibing. She's just chilling.

Can we make her big screen? This is the head Analyst At the Hedge Fun over here. Can everyone see you? She just likes to Vibe This is how she gaslights me. She basically keeps me up literally all night and then she tries to act as if she didn't do it like I get so angry, keeps me up all night all night, and then does things like this where she's like, oh no no no I didn't do that I didn't keep you up all night. Don't worry about it, forget about it.

I I didn't do that. So I'm being actively gaslit by a feline. not even by a human. So that's where we're at.

Dude, that's a big foot that she's kicking up. That's a foot all the way over there. She's a Vibe Uh, Anyway, markets bad yesterday and obviously the main point that we're getting into is talking about Tesla and Netflix. But there are some other key things to talk about such as The 10year Ripping So if you type in Us10 y us10 y you're going to see that we got very close to 5% Here's the daily chart on yields and remember: yields up bonds down, yields up bonds down dollar up yields up bonds down, dollar up stons down.

And as you could see right now, the dollar is ripping. Obviously, bonds are going down and the dollar did Rip but maybe a little bit sideways right now. So definitely some important uh correlations to pay attention to. Now before we get into economic and what are we doing? stock market stuff, Israel's BB warns of long War Hamas says head of security forces killed in air strike.

So this, the tensions day over day are getting worse and worse. and worse. Um, and now we have the PM BB literally saying okay, we're We're prepping up for this duration to be a bit longer. So we're going to cover the most recent updates of what's going on in Israel in a little bit, but just to get prepped up for that Market opening.

Uh, let's talk about some of the economic updates. So at 8:30 this morning, we got the initial jobless claims they were expecting 212, came in at 198 and then also we got the Philadelphia Fed Manufacturing Index They were expecting a drop of 6.4 and it was a drop of nine. Uh, existing home sales coming out at 10:00 a.m. So just so you know, 30 minutes into the trading day, we're getting another economic report and then at noon.

o00 Noon o00 ET We are hearing from the Chairman of the Fed to understand if rates are truly going to be higher for longer and basically how hawkish he is or he isn't Stakes raised for pal speech today Thursday with 10-year yield on cusp of 5% Here's what he could say. Well, he could probably say anything he wants at you. Done you done hanging out? Okay, well that's cool because we have a show to do anyway. We'll put her on the chair.

she can hang out with Ch. Now we can actually talk about stock market stuff. The FED Reserve chair Drome Pal set to deliver what could be a key policy addressed today: Thursday in New York Now was I invited? No. Can you believe that he's talking in the Economic Club and your boy, arguably the head Economist of our time was not invited.

Can you believe that? I honestly feel snubbed? He is probably within half a mile of me, maybe not even. And your boy didn't even get an invite higher for longer on rates. has become an unofficial Mantra in recent days and Pal's expected to join the course basically every single day. This week we've had Fed members speaking seven alone are speaking today, and then we still have a continuation tomorrow and they're all basically saying uh, no, we're probably just going to stay at where we're at right now.

The old 5.25% markets largely expect the FED to stay on hold with rates, but they will be looking to PO for confirmation and clarification, so it's going to be important. Obviously, we're going to be streaming it. If you're listening to this right now, you better be here at noon o00 because it's most likely going to prompt some volatility within the market. Yes, I am streaming it.

You better be there. US Weekly Job Was claims total 198,000 fewer than expected. Remember, a bad economic report in the current monetary policy phase is good for the stock. So this came out at 8:30 and now we're seeing the market go up a little bit.

Other things to pay attention to and probably what a lot of you want to talk about right now is earnings we are in earning season. It will be going for three more weeks. After this late last night we heard from Tesla and Netflix I will be covering that. I did make an update video that I don't think many of you are watching so it is hurting my feelings but it's all right, it's not like they matter anyway.

So anyway, uh I'm going to recap Tesla and Netflix one's doing extraordinarily well, the other one not so much. Tesla Currently down 6.8% after losing 4.8% yesterday Netflix Currently up almost 177% it's over $400 Netflix is ripping faces Wow. Um so I want to get into that and what happened? Uh obviously tomorrow before the Market opens we hear hear from some energy plays SLB and then also American Express but early this morning we heard from uh AT&T I don't know their numbers American was like Delta mix bag beat on earnings per share Miss on Revenue up right now in pre-market or at least the last time I checked it Tsmc definitely ended up missing world's largest chip maker. Tsmc sees biggest drop in profit in nearly 5 years.

Tsmc posted third quarter profit of 21 billion on Thursday in the local currency. Its largest profit declined since the first quarter of 2019 as weak demand for Consumer Electronics persists. Still, the company bested analytic expectations on both top and bottom lines. The Taiwanese chipmaker is the top producer of the world's most advanced processor, but demand for Consumer Electronics has plunged post Corona So that's what's going on with Tsmc.

obviously important in in the world of semi uh, conductors, really high-end processing chips. Uh, On that note, I do want to bring up that Netflix is up in pre-market right now, but don't forget that as of Monday as of Tuesday of this week, major trendline breakdown. There is big support. At 410, there's big support at 400.

There's big support at 466. But on the break of any of these major levels, it might be setting up the downside. Gap Fill of Nvidia all the way down to 306. Please be careful, please be cognizant of that.

Similar to Tesla in the short term, in my opinion, things are looking bearish. But in the long term I'm still very, very happy to be bullish on those companies once again in the long term. So let's talk about Tesla the one that is getting absolutely demolished right now. Let's take a look at it.

Let's up the 30 minute chart. Here's a look at: Tesla Not long ago all the way at 269, currently trading at 226, down 6.8% in premarket after losing. I mean yesterday alone, it went from 255 to right now 226. I mean that's a pretty bad, um, pretty bad situation.

Tesla CEO Elon Musk Sounds pessimistic. Note about the economy on earnings call I Don't know how many of you listen to the earnings call. It was one of the worst earning calls I've ever heard in my life. Uh, previously we've streamed of these and the most recent one we streamed with him.

It was still weird of like dude. maybe you should just like learn when to like you know, shut your mouth And previously Zach was there and he kind of like was a little bit more professionally. He knew how to manage it Elon just kind of Pops off and I think that's why some people like Elon I think that's why some people hate Elon because Elon is very much Elon and he just most CEOs It feels when they're on earnings calls, they're intentionally trying to be optimistic and they avoid the negative things in this call. For those of you who didn't listen to it, he more than happily discussed all the bad things going on and he was really really focusing on high interest rates.

He was talking about yields and he was sounding the alarm. He sounded very doomsday about the power of the consumer and them losing Financial power. It was just overall pretty negative, so his tonality in no way helped. but before that at first.

So the report comes out before the earnings call Tesla went down and bounced back. So to actually go over the numbers, it was some pretty serious misses across the board. I have him right here. The revenue.

Uh, it was 23.4 billion. the expectation was 24.0 6. The EPS was 66 cents when the Uh estimate was 74. the free cash flow was 8 or 850 million roughly.

when the estimate was 2.5 2.6 billion. the gross margin was 17.9% when the expectation was 18% So it was four major misses across the board. Kind of expected when we know that this last quarter, there was quite a bit of downtime. They were doing some manufactury like uh, excuse me Factory updates uh and the fact that they were kept cutting cost.

we knew, uh, the the price of Tesla We know that was going to eat into their margins. Um, so not a good situation and obviously a lot of these when we now, in hindsight, have Elon's talk on the intern call. A lot to do with yields a lot to do with interest rates. it's just obviously consumer power is weakening.

There were some positive things though. so cybertruck most likely going to start being delivered in November of this year for this year I Just want to make it clear that I would be very, very surprised if they deliver even like a three-digit amount of cyber trucks. uh I think we were talking more so in the dozens obviously I'm looking for that to get better next calendar year. But then there were some other things as like you're about to see like at one point there everyone was like super super gungho on the gigafactory in Mexico and it sounds like even the breaks on that are being hit and then like maybe focusing a little bit more on Texas in world of AI Um, actually I thought that was a pretty important positive thing going on.

Uh, they're starting to train some of their robots their AI based robots on simple test. So okay I like that direction if we talk about FSD full driving I think some nice technical progress is being made there and I think by next year there's going to be some awesome things to talk about. So I kind of like that. I Like the basically I think the AI part of the discussion and the trajectory is all pretty solid, but when you look at just like the quarter as a whole, it was a miss.

and then when you really pair that with how Elon was sounding on the call, obvious people were just not happy. So in the short term I would be in no way surprised if there's bearishness. but I cannot reiterate this enough in the long term. I'm still very very very much a bull on.

Tesla If we're talking out one to two to three decades, I'm more than happy to dollar cost average and hold and hold and hold. So obviously remember short-term swing. trading day trading is a very different game than long-term investing. Long-term investing Very happy with where Tesla's going.

Obviously it's not always just going to be a rocket ship to the up side. Uh, especially when the economy is like, maybe a little bit on edge. Uh, but in the short term I mean if we look at the daily chart of what's Happening Here We had the warning shots yesterday. Even before the earnings came out, we broke below the trend line.

We closed below the trend line. We're actually going to be gapping down below this other support at 235 and now this is opening up the door to this downside: Gap fill at 21758 probably at this point. Also important to call out Uh 212 for me more like I know it's messed up to say but I know a lot of you like Tesla and you're in it same as I am. but if I want more which I do want more I want to get in at below 200.

So I really, really don't mind this. Um, so those are the numbers on the quarter it was a Miss But I still think that there was things to be positive about Tesla tempers growth expectations as Musk sees storm ahead. Tesla is an incredibly capable ship. we're not going to sink, but even a great ship in a storm has challenges.

and he's referring to the overall economic situation. Musk repeatedly lamented the toll that high interest rates and multiple Wars are taking on consumer sentiment and purchasing power. He also described ramping up production of Tesla's new cybertruck as a challenge on par with the production hell the company endured in the past year. And on the Cyber truck, he was quoted saying we dug our own grave with the Cyber truck special Products that come along only once in a long while are just incredibly difficult to bring to Market to reach volume to be prosperous.

Um, if you're very very I guess like serious in Tesla I Highly recommend listening to the earnings call. Uh, it was. It was a wild one to say the least. Um, they did reiterate their goal of 1.8 million deliveries this year.

and to pull that off, especially with what's going on with interest rates, they're probably going to have to slice prices again slash prices again. so I'd be on the lookout for that, but in the short term the next quarter, maybe the next year I Wouldn't be surprised if there's turbulence, but long-term Still more than happy with it. On the flip side of that, Netflix is ripping. Netflix shares climbed nearly 14% of pre-market trade on strong subscriber growth.

So if we look at the Netflix numbers, the revenue was in line 8.54 billion versus 8.54 billion. The EPS was 3.73 a share when the expectation was 3.56 So a beat on EPS Revenue was in line, but that's not really why Netflix is ripping to the High Heavens Right now, the reason Netflix is ripping to the High Heavens is because of the subscribers added. So the expectation was 6.2 million new subscribers and that was a pretty lofty goal. and the reason the goal was set so high was because they're now doing the password sharing Crackdown So the idea is like, okay, if you're cracking down on that, well, people are going to have to make a decision.

either they're signing up for their own account or or they're just not using Netflix. But if the estimation is that 100 million accounts are being shared, well, can you convert 6.2% Uh, and the number came out and once again, this was already a lofty goal that many people thought they wouldn't even come close to hitting. And it blew it out of the water. It came in at 8.7 million new subscribers.

so that's why Netflix is rocking right now. It wasn't because Revenue was in line, the EPS was a beat, but not of enough of a beat to suggest this. This was because there was a very, very high bar to clear and more than cleared that 6.2 million was expected. Came in at 8.7 ripping higher and higher and higher.

Absolutely crazy. So congrats if you're in Netflix Or congrats I Suppose if in the short term you bet against Tesla, sign up for the newsletter Mc. Locals.com It is free. It's in the description of the video.

Um, I give you breakdowns all the macroeconomic events, all the earnings for the upcoming week, and I just want to show you what's going on with seasonality both today and tomorrow. Bullish. I Would argue tomorrow's a little bit more bullish from a seasonal perspective than today, but I Just want you to know this seasonality once again. I Give this out for free Mc.

Locals.com And thus far, uh, I do a breakdown at the end of the week of all the zero DTE signals that were given out in the previous week thus far on this week. Once again, this was for last week, but thus far for this week six out of 6 Monday Tuesday Wednesday 6 out of 6. So hopefully after today, if the signal fires, it ends up going 8 out of eight thus far batting a th Five Things to know before the Stock Market opens today: Thursday October 19th Treasury Yield Sore we talk about that Tale of Two earnings Netflix Crushing it Tesla Getting crushed y 2K All over again this is just talking about mortgage and mortgage rates and how they're above 8% and this is a two decade like record and not a good record. Humanitarian: Aid Uh, this is about Israel and the President and giving them money.

Uh Here We Go Again GE Will it take 15 rounds? So Jordan what was that? I Just heard a ding. What happened? What's that thing? What's that thing? Wait did Mullen I'm getting a Mullen alert no way. a Mullen a new alltime low Wow Wow wow. dude, how stupid is banned.

He's telling people that it's still accumulating. My model says it's accumulating. Yeah, it's accumulating losses. What a that guy should be sued.

He's such a clown. I Probably shouldn't say that cuz YouTube gets really, really mad when you swear. Um, and I'm just talking about swearing I'm I'm more than happy to call out that absolute scam artist clown as a scam artist clown If anything I Hope he doesn't disappear because he's my new favorite person to do the opposite of He has The Uncanny ability to be perfectly wrong all of the time. perfectly wrong.

Literally all of the time Mullen is on its way to being delisted. This thing's going to get kicked off onto an OTC market. It's going to become a zombie company and then eventually just going to disappear and have a very very painful death. And yet you have people still saying that it's a buy it but by it, you're like his hype man.

I'm his anti- hyp Man I'm The Hype In a weird way I am hyping up his calls I just choose to probably do the opposite just Jim Kramer Jr Honestly I think he's more perfectly wrong than Kramer himself. It's actually it's insane Kramer once in a while because he's like consistent with his calls. eventually like it ends up being right. Uh, but this guy, this clown.

oh always wrong, always wrong. It is actually truly fascinating, truly fascinating folks. Don't forget to get your 19th shot of espresso into your system today. but not if you're a kid.

If you're a kid, first of all, you should be in school. Why are you watching this right now? And second of all, if you're like one of those really cool kids who's skipping school which awesome. Uh, you shouldn't be drinking this much espresso like trust me you, you haven't lived enough life to hate your life as much as I hate mine like. So just save the um, self-loathing for like at least get into your 20s.

like if you're in your teens. Just yeah, life's probably shitty. it's you're a teen, you're in high school. Life sucks.

but um, it. it's going to get worse. So don't get like so down on yourself right now it it's definitely going to get worse. bro.

when are you guys going to box I don't know. he blocked me. he he blocked me dude. So I'm not because he's a nobody and he also never showed his trades I said I would do it if he publicly shares his trades.

uh but yeah, right there. Bam investor blocked you so there's that should I block him back I kind of saw that and I thought it was funny I should probably block him back. um but no he I said publicly share all your trades cuz I just want the world to know that he's an absolute scam artist I Would highly doubt he's ever had a profitable year of trading obviously I don't know, but just seeing his like singled digigit IQ his like just low level of intellect, low level of emotional control, and just the absolute circus of a clown that he is. um I would in no way be surprised if he's never had a profitable year trading.

Dude: Who cares I care because he's causing people to lose money. He it's one thing to get a call wrong because a lot of the times when you're looking at the market, it could be a 50/50 but when someone is presenting you with information that they're like promoting a scam like hey, I get it like whatever you might be bullish on Tesla Tesla misses on earnings it goes down I get it I get sometimes. um Lady Luck is not on your side. It's very very different when someone is showing a scam be like this is a scam because of XYZ and then when there's other people there saying it's not a scam, it's one thing to have a bullish or bearish thesis on like a legitimate company with u like a legitimate piece of reasoning.

but when you're just saying something is going to go up and then everyone else is telling you it's a scam. don't say that it's a scam, don't say that it's a scam, Don't say that and then it ends up being a scam That's all on them. So why do I care I care I Very much care because he is negatively impacting the retail trading community and that hurts the retail trading. Community It hurts people in the market because if they're going to lose, they might blow out their account and never come back to the market.

So from a business perspective I get mad because I want retail in there and then also just on a moral perspective I Truly believe that the stock market is the best vehicle to generate wealth that mankind has ever made, ever made. Now if someone because they blow out because they're listening to to this clown and they're like, you know what? I'm never going to deal with the stock market again I think they're missing out on a like a big big opportunity. So that's why I care because he is ruining a great opportunity for many for anyone who's listening to him. Bam probably doesn't have a green year, but his portfolio is just accumul.

Yeah, it's just accumulating. Just just accumulating. The with that guy is he made a model that happened to be right once and now he keeps making excuses of why it's wrong ever since. Yeah, so it's not really a a good model then dare I say so? You're saying the $4 Bam subscription is expensive.

It's a $100 but why would? My point is, why would you pay any money to get bad advice? I Honestly I think the better thesis is to pay it and just do the opposite. Um, so actually there might be value there just to get the call out so you know what to do the opposite of like I actually think that's like a pretty reasonable, um reasonable way. Uh, $100 Are you kidding? Uh I guess in a way because I think it's technically 99 I tweeted it out. uh in all seriousness because I don't know, but why or how is Mullen a scam? Okay, so Mullen is a scam because first of all, the CEO David misery minute whatever the his name is David something missery uh.

previously he's LED five failed penny stock companies. One of them was so horrifically bad that the guy involved in it is now in prison and David himself like just barely evaded getting taken down with him. If you look at Mullen itself, they haven't produced anything, they're taking money in and they're doing everything they can uh, delusions and reverse stock splits to stay on the NASDAQ They're not actually producing anything, they don't have a quality EV option, and there's other companies that are farther ahead of them in the technical process such as like Rivan and Lucid and they're having their own issues. So what do you think? the shot of like Mullen being able to pull it off when they're far far far behind in the technical progress.

And there's no upside. They are burning cash if you look at their assets and if you look at their cash burn they have before. they get delisted before that which is going to add in a whole another complexity. they had about two quarters of Runway it at a certain point.

it's just basic mathematics. It is basic mathematics to see money coming in, money going out future potential. I would argue has zero future potential because it doesn't have a product that is going anywhere there. There is not mass production of any of their products.

so who's going to be the buyer? And then you look at the money going out. just their cash burn. it's it's immense. Like I said before, everything blew up in their face.

They had two quarters. so now arguably it's even less than that. And it's being led by a guy who is not a business operator. It's being led by a guy who's LED five failed peny socks When you fail five.

What's stopping you from failing Six The dude is alleged to be a criminal. Allege I'm saying that so I don't get sued by him. Um, it's just. it's a very tough business in a very tough environment where only people who are shrewd business operators will succeed.

He is not that he in my opinion is a crook. You should do your own research on them. You should do your own due diligence on them. But this is a guy with as Shady of a past as it can possibly be.

So when you're looking at a tough economic environment when you're looking at a tough business sector itself I Mean right now the largest Ev player, Mullen's an EV company the largest Ev player Tesla is having a rough time right now. You think that a nothing penny stock EV company is going to somehow succeed and make it out of this when the top ones are having an issue at a certain point. If you're throwing money into it like you have to look at the odds. Is there a 100% guarantee that this company fails? No, cuz there's no such thing as a 100% guarantee in anything but put your money where you have the best chances and there's no way you could argue that Mullen is anywhere close to having quality like what? That's crazy.

Do some research I have. That's how I know about its cash. That's how I know about the suspect CEO That's how I know that they're not mass producing any quality product. That's that's how I know that this week is effectively the week where they're going to end up getting Dlisted from the NASDAQ they're having the meeting.

There's no way they're I don't see a a mechanism or an Avenue in which they don't get Dlisted So do some what are you talking about? You're as bad as bam if you're like no, no, no, no, it's qual like. The interesting thing is, the only people who are saying positive things about it are people who are bag holders. There's no one from the outside looking at it and saying oh yeah no no I see the opportunity. The only people in this entire world who are saying something bad is because they're invested in it at a much higher price.

There's no analyst on God's green earth who is looking at Mullen in Outsiders view saying oh I like this and if that doesn't tell you something like what, dude, this is basic mathematics you if you are getting into Mullen I wish you the best of luck I Don't want you to lose money I Don't want any of you to lose money, but at a certain point you have to to realize the odds of the situation that you're playing and you're basically saying oh no no I'm super super bullish and super super optimistic on this like really shitty lottery ticket Mullen Stock split 1 for 100 Is that what was announced? Is it actually going? Dude, it's getting decimated. This is the look of a super quality company. In one week it's down 26% In 1 month it's down 50% In 3 months it's down 74. In 6 months it's down 98.6 year.

To date it's down 99.5 and one year it's down 99.4 That's just the look of a A Super S This This is. This is growth. This is opportunity. This is exactly what you want to like.

What are you smoking? like? what the are people seeing there? Well, what they're seeing there is, they're getting tricked because they're seeing things on. um they're seeing things on Twitter that or like hey, oh, you should buy it, it, it's being it's it's it's just awesome. Oh I'm under the top for it. This is about the Mullins founder Mullen's founder chairman and CEO David missery LED five failed penny stock companies prior.

Mullen Two had their Securities registrations revoked by the SEC two terminated by their Security registration oops and the last one merged with a speculative gold mining company Miss merged one of his prior entities as part of a three-way deal with an individual who was later charged with criminal Securities fraud and sentenced to 30 years in prison. Prosecutors alleged that the merger deal involving Missery prior company was part of the scheme. the dude is working with criminals 30 years in prison. Um, it's just I mean it's basic business.

It's basic math. It is something growing or is it not and like if it's not like, can it be saved anywhere um and this one. Most likely the answer is now, if you're a bag holder I feel for you. but if you're a bag holder who is still like no, no, no, no, you just don't get it.

This is coming back any day. Well, you're you're basically smoking something. Uh, DM David mystery's 10x worse than Griffin might be I Mean at a certain point that's like more of a a moral opinion, a subjective opinion. So could be true.

It's it's just so wild. Uh, honestly, you would have to look at the financials. Whatever happened with the true Trading Group You still work with them. Yeah.

I Still talk with them. Matt Big fan investing long-term They have practically zero debt. What are you talking about? Zero debt? Do you know how to read these sheets? You think they have 7 million in debt, own factories for pennies on the dollar. Unlike GM Ford Hundreds of millions in orders just started production? You're you're smoking it.

Man, you are misinterpreting not only the financial statements, but also the stories. That is all false. SE Like the first line, you think they have 7 million in debt s million. You really think a company that has hundreds of millions in order with no debt and just started production.

You really really think that that would mean the company is worth 50 million? Explain that math to me. A company that you're saying has zero in debt 7 million effectively zero in debt, hundreds of millions in order in orders, and is producing you think is worth 50 million. Dude. What? There's two options.

Maybe maybe there's a giant Collective effort from Wall Street to attack a company no one's heard of. Or maybe you're just misinterpreting what's going on. Those are the two options. and uh, it's up to you to decide what is more likely.

option one. There's a giant giant effort from Wall Street to end a $50 million company. And that's what they care about. and that's what they focus on.

And you guys are right and you caught Wall Street And it's just a matter of time before it squeezes. Or maybe you just don't know what you're talking about AMC better than Mullen Honestly, it is. and I'm not even a fan of where AMC is going right now. but I actually if if you forc me to put money in AMC or Mullen I would put money in AMC before I put it in Mullen that that's how bad Mullen is.

Uh, serious question? Why not short it? Why would I short at an all-time low? That's the same thing as buying at an all-time high. What you you don't chase just because you have an idea of where something is going. That doesn't mean the risk reward is perfect to enter. At that point, why would I chase it the down the same thing of if I love a company if I love a crypto and it's ripping to the upside, you still don't buy at an all-time high.

Uh, that's why there is an active lawsuit. True Uh, that's just because he got caught up with the Roger Hamilton with Gns and basically they all these like no nothing companies started to sign lawsuits of like look at naked shorts. There's zero evidence of Mullen being the target of naked shorts. uh I think mull Matt lost big money M I've never traded it I'm not long I'm not short I don't have calls I don't have puts I have nothing to do with Mullen Besid someone asked me my opinion on it and I said it was trash and then all the bag holders had like an emotional breakdown.

If you had to choose to buy Mullen or HM H YMC o that's a good one. If I had to choose between Mullen in hymc I would literally just whatever money it is like if I had to do what I don't know 5K 10K 25k I would actually rather just light that money on fire outside of my apartment. and at least I got to see fire because that's where it's going H YMC Mullen it it light money on fire and at least and I I mean that literally because at least you got to see a fire. at least you got some warmth at least like something went on.

that is like whatever. Maybe you're at least going to get more than that. even though it's minimal. You're going to get more from that than buying H YMC or Mullen Like it is that it's just wild.

What's Tesla's next? Support: All right. back to legitimate companies that actually have a shot. Um, Downside: Gap Fill 21758 Downside: Gapi to 21758 Be tough though that. be careful though.

Kind of tough because there's now an upside Gap fill because of the Gap to 24208. So Upside: Gap fill Uh, Downside: Gapf let's make this one green so we know it's a gap fill. uh visibility text. So Upside: Gap Fill 24208 uh I Once again, same thing with M like I'm not necessarily going to chase like if you wanted to bet against Tesla Now like what's your risk? You have to have a reasonable risk anchor even if you think it's going to go down.

The question to you is what is your risk point because nothing's guaranteed so you have to have your risk in check. Um, and 21758 would be my first downside. Target If I already had a position, the Spy the Qes what time is it 9:49 Don't forget at 10 a.m. we have another macroeconomic report Netflix opening up at 405, coming down to just below 400 currently at 398 going sideways but up almost 15% on the day Tesla opening up pushing to 230 coming all the way down to 224 which was roughly where it was in premarket.

Have you averaged down on rum I cut my average in half the last couple of weeks? Not yet but I fully plan on it. Um, I kind of want to do it where I announce it first and then do it because I don't want anyone to be like oh, you didn't tell us you were going to do that So like I kind of have to be like oh okay, get the money into it because it's my long-term account and then be like I'm going to do it wherever it opens tomorrow I'm buying like that type of a thing I just want to be like public about it. Uh, do you see any opportunities right now? for three DTE credit spreads on the Spy or the Q uh 3 DTE I mean I'd be comfortable selling a 36x 37 on the spy for three days out. Uh, on the Q's I don't know.

maybe 370 by 371 371 by 372 I'd be comfortable with doing both of those. My thoughts on Jamie In the long term or in the short term. In the short term, it's getting rocked. Wow, Uh, it's actually looks like it's heading down to like the low of Uh 963.

It's getting rocked in the short term long term I Don't know enough about like the fundamentals I was only in Gme. Like with the hype cycle and the squeeze and all that I don't have its fundamentals memorized. Um, so like same thing with AMC I never wanted to be an AMC or GM investor I was in it for an active trade I'm an active Trader If I'm going to invest, I'm investing in the overall Market I'm investing in better companies than AMC or Gme I'm not necessarily saying they're bad. Well, you could argue Gme might be bad I I Truly don't know.

You could argue that AMC is bad. Um, but my point is is you everyone has a finite amount of capital, so you should be putting your limited amount of money into what you think the best odds are. If you're talking about names like AMC or Gme in terms of your best odds of success, these are not the compan companies. They would not be in your top 500 list of best opportunities in the market right now.

They're just not uh. so that's once again very different than actively trading it. Actively trading it, you're looking for support resistance. Where's your risk? Where's your reward? What's the volatility? That's a very different game than long-term investing.

I Never, ever, ever, ever ever wanted to be a long-term investor in Gme. or AMC which is still very very different than short-term to medium-term opportunity of like swing trading or day trading. Uh wait what? wait What about what? Can't say wait what? when I have no idea what I'm waiting. What about uh AMC stinks? I'd rather YOLO Zoom even Zoom Now with the World opening back up like that fundamentally is like, is it ever going to do that? well I do DRS on Jimmy and I it works out I'm just saying I I am not the person who knows about Jim's long-term fundamental prospects.

I could maybe learn more and I'm not saying it's good I I just don't know. So I'm not the person to ask about. It's like long-term potential. Um, if it somehow gets more into the world of Esports I would like that because I'm very bullish on the long-term success of Esports.

Um, talk about your new computer. It's over there. It's not hooked up yet. Uh, Gme is going to be a T12 profitable within two quarters and has no debt.

1.3 billion in cash cash per share is higher percentage of stock price than other stock. That sounds good to me like that so sounds like good numbers. I just don't have a memorize like I want it to go up? That'd be cool I Still I'm pretty sure I still own Gme I have to double check. you guys can check it's on public I'm pretty sure I have it.

How does Gme survive with everything moving to digital downloads in the future? Uh, pivoting their business model I don't think hard copies of games are ever going to come back? Uh Matt What dividend stocks do you like? Individual equities Microsoft and UNH are probably my favorite. Uh, maybe you could throw in energy play like Exxon Chevron Oxy. But really, and this is something that I don't know I find particularly interesting and I own a little bit of this I could actually tell you how much I own of it. Hang on.

One second, let me log into. Uh um, how do I log into this street beat? It's on Street Beat I Want to be very, very apparent of my average price and where I'm in? Um, but this is currently hello Investor? Uh, do I need to sign out? Sign out? Yes. Log in. Continue.

All right. For some reason I got signed out on my street beat. Um, but this is the thing that I'm really been enjoying lately is JQ So this is an ETF Hello Investor? Well, this doesn't that's not my account. Log out.

Why am I not? Get here. Hang on as I'm figuring out how to log in. I'll let you guys look login. What account did I use? Continue? No continue with email.

This is what happens when you have uh, way too many accounts. All right. Well, that's working horrendously. How do I get into this account? Is it my face? ID I don't remember my password anymore.

Password is invalid. Well I need to figure that out. I don't know what my right password is. but anyway.

uh, this is an ETF Uh managed by JP Morgan JP Morgan Naasc Equity premium ETF Once again, it is Jeq. Yes, I do own a small amount of it, but what they do is they basically mimic the cues. so they invest in the cues. but then they offer.

As of right now, what they're targeting is a over an 11% dividend. It's paid out monthly and at the on an annual basis it's a over 11% And how they do this is by doing uh, call Credit spreads I believe they go a month out and maybe like one or 3% and S sell like covered calls at that level. So they're basically mimicking the cues as in the tech sector. and then they're like really creating a dividend by utilizing covered calls.

Um so JQ that's the one that I've really been liking. The other one that like with is within this world that people like is also ji um so these are the ones that recently have been like catching my attention. but I want to make it very clear this is like a long-term thing like I In no way would actively trade this I'm in it and I just collect the dividend I collect the dividend I collect the dividend. This is something that I would be like holding for literally decades like I Don't actively trade this at all I'm just going to sit back and collect.

this is JQ This is the one for more of the tech sector. I Think Ji was created first, but it's literally the Q's but they sell covered calls, helping you get a pretty nice dividend of 10% but they pay it out monthly. Um, but 10% at the end of the year. So JQ it's from JP Morgan so obviously the world's largest bank.

Um, so I don't think there's like much of a risk of it, just like disappearing overnight. Um, but yeah, check it out. it's in my long-term account once again. I Don't actively trade it I I'm probably in it somewhere right around here I Don't think I've like really had a net gain or a net loss.

It's probably in the high 40s as my average. uh and then that I'm just sitting on it collecting, collecting, collecting. uh JY So they just must. What's it Ji JY and JQ are those are there three? or are there more? The one I've done the most research on is Jeq uh I know JPI is like the first one that a lot of people were like ver like I don't know, talk to talking about and excited by um but I I haven't heard of j y which one? What's J the deal was JY I Appreciate you guys sharing this Defiance Enhanced Options Income so this one does not look like this one doesn't look like it's by JP Morgan Oh, they're using zero DTE the first put right ETF on the S&P 500 using daily options Zdt to seek enhanc income for investors JPY aims to achieve constant and outsize monthly yield distributions for investors coupled with Equity Market exposure to the S&p500 JPY is actively managed ETF that seeks enhanced income constructed of treasuries and S&P 500 Index options.

The strategy objectiv is to generate outsize monthly distributions by selling option premium on a daily basis. The fund uses daily options to realize rapid time Decay by selling in the money puts with zero DT e Interesting, what is? its expense ratio is 099 so it's going sideways, but I think more people are in it just for the dividend. So since Inception it's down 1.6% but its Total return is two so is it not that good at knowing which ones to sell or are the puts getting hit because the Market's been a little bit more choppy? Um. distribution rate interesting I'll have to look a little bit more into it, but it, doesn't look like that one is.

uh by JP Morgan Looks like that's by a different company. All right. So we have a report coming out literally right now. What was the results? Uh, 3.96 Existing home sales slightly higher than expected, but not much they were expecting 3.89 at 3.96 Uh, so that just came out.

The next major thing to consider today is Jerome Pal speech at noon. That's the next major thing. There are other Fed members talking though. uh, throughout the day there.

I mean they've already started. We have a lot. but. uh.

hang on visibility, color, color, color, color. We'll make this pink. Like to use the pink ones for breakout and breakdowns on an intraday basis basis. Not to get confused with the red and the green from the previous day and the day two days ago.

All right, let's look at the intraday high and low. We're about. uh, what? 31 minutes into the day Little bit of a pop on that news I mean it popped into it, but nothing I guess to run home to Mom about. Do I want to take this trade? Are you guys bullish or bearish from here? Are you guys bullish or bearish? From This Moment The Spy is currently at 43055.

If we look at the daily on the Spy, it's right. it's still above the trend line. It's definitely. well, maybe finding a little bit of support on Friday of last week.

Where are we at? Bearish Bearish Bearish Bearish Bearish Bearish. All right. Fine, all right. I just took a bearish bet going for a little bit.

oops I don't know what's going on I think I put the order in improperly. Oh, it's cuz I'm using the hot keys from Whatchamacallit from Ninja I'm on. Okay, um, this is not the prop account. this is my actual fatures account.

I just took a short position. Uh, I'm going to risk just above the recent pop and I'm going for uh I guess a quick 275, a quick 260 here. We go here, we go. Come on here, we go.

I care a lot more about this account because if I blow it up, I'm blowing up my own money, not just the fee for the prop account. So I would love for this to flush just so I can get my one solid trade in on the day and be done well. It was really close there, but I guess close only counts in Horseshoes and Hand Grenades I was trying to get a fill at 37 and it got as low as 38. So uh, 38.25 so just over a off.

Uhoh is this going to be the dip and rip and now I'm already back to break even. Well golly, Maybe not, maybe, maybe maybe not. Am I just going to get unlucky here. Let's go to the one minute is your boy just getting unlucky? Oh Jeeez! Oh Golly Golly Golly Golly Golly Oh, how are things looking over here? So the five minute flirting with the breakdown on the 48 EMA the 10-minute flirting with the breakdown at the 48 EMA the 30 minute getting rejected at the 38 EMA and on The Daily the market is clearly below its EMA Cloud clearly below the 48.

So uh, arguably bearish. on The Daily Just where we are relative to all the moving averages on the 30 minute not looking so good, but it is maybe trending up a little bit. but rejection rejection rejection here. Uh, the 10-minute flirting with the breakdown.

the 5 minute leading the way maybe to the breakdown so the 5 minute is just below a close below would be bad and then obviously even worse on the 10-minute Uh, where would this go to 36 I Kind of like that as a support the 3 minute. obviously the cloud switching over to be bearish right now. One minute. the one minute's been bearish ever since.

9:22 this morning, 9:22 this morning. All right. So we did this, did this: I need to turn the sounds was turned off because I had a an interview yesterday. Uh, window notification enable sound.

All right. good. The sound is working, the sound is working and we'll see. We'll see, We'll see, We'll see, We'll see, We'll see how this goes watching.

particularly on the five minute the five minutes trying to make its mind up doesn't want to honor this, doesn't want to bounce off of this, or is it actually going to be a breakdown. Uh, and then obviously after the 5 minute, we have the 10 minute. so it feels like this 4340 level is pretty important, which is around just I don't know 43 43040 on the Spy Um Netflix Making a comeback Tesla Not so much, not so much. All right.

Well, while we're waiting to see what does or doesn't play out, it did crack this low. Did it crack this low? Yeah. 10:03 So it did break that 30 minute opening range. Interesting, How are we looking on this? The 5 minute may be saving itself.

Maybe I got a little overzealous. Maybe I should have waited for a bit more confirmation. Um, but part this is probably the 10 or the 15 minute in my opinion and this isn't gospel. This are just my own thoughts and this would change based on your trading style.

But I think the 10 or 15 minute is the nice. the nice nice happy medium where you're still early to the move. but you're also not so early that you're risking a lot of false positives. I think if you're on the one minute, the three, the five.

I think there's a lot of false positives with breakouts and breakdowns. Um, but obviously if it's the real thing, then you're in super early. So because of that like I don't necessarily want to wait for like the 30 minute. just cuz I think I'm a little too late, but obviously a lot less false positives.

Um so I that's why I think the 10 or the 15 is like a good in between. A good in between is this indicator on trading view? Yeah, just search Sat, Sat, Pivot Ribbon Sat and it's free. You don't have to pay for it or anything. It is free.

It is free. It is free and I should probably put some of these. Um, it's a dangerous day to do the zero DTE trade. but hey, dangers are middle name he says knowing that danger is not his middle name.

Is this trade going to hit? I Moved it down a little bit just to the the recent support that I saw. so I was just targeting this Wick right here. Um, that should be just above $300 If it hits after, um, commissions, it should be about $3 worth of commissions roundtrip. So I should make about $39 three 950 if this hits.

And if it does hit on this account, you guys cannot see it. My apologies this account. This is not the prop account. This is my actual account.

Um, fully funded by me. So I'm looking to get 3250 before commissions. Uh, which would be 30950 after fees I am targeting this low the 8.40 low? uh of right here the low is 4336. I'm targeting 4336 if it hits nice 300 and that's enough for me on this active account for the day.

Uh, if if it hits I'd be stoked and just shut the program down and take my money and be happy. especially with like pal speaking at noon and volatility. Don't forget it's a giant options expiration week. Tomorrow There's a lot of options contracts expiring so be careful with that.

Um, so about halfway there. Well, it was halfway there and now it's reverting against me, so that's not cool. But the really right here. the 10- minute is just flirting with this.

It did close below it. but is it talking about false positives? Is this an actual breakdown for a bit there? I Was trying to work on a strategy that if it was all trending up. What happens if like, you get a bar that closes below and then you short on the next bar or obviously the opposite if you are trending down and then you get a bar that closes above and you go long on the next bar and the odds of that trade actually at least on the Spy really weren't that good. Now we're popping 1010, an awkward delay to the existing home sales, or maybe one last flourish before an actual selloff.

Um, let's uh. let's see. Let's see. Let's see.

Let's see. Let's see. Let's see. Let's see.

Uh, let's see what's going on. Uh, if you guys want to get this insight into the world of options, it is pinned to the top of chat. it's in the description of the video. Uh, this is called Spot Gamma.

There is no product I've used that has been more insightful to what's going on in the world of options in real time. Um, this is obviously the S&P 500 right now I'm seeing ever since 10:09 Well, if you want to see why there was a pop in Price look at what happened in the options Market the options Market definitely went a bit more bullish. Uh, once again, check this out. It's Pinn to the top of chat, it's in the description of the video.

Uh, I believe if you use that link the affiliate link, you'll get a free two-e trial to see if it's appropriate for you. So feel free to check that out. Uh, but I like it. They have it for all equities and everything I just mainly check it for the overall Market but obviously they have the whole equities Market as well.

Uh, one last liquidity sweep before dump in the Spy thoughts could be I'm going to be watching the options Market Uh, the options Market Popped it right there. but now it's going flat so the the buying at least in real time did not continue. So the white line right here is the actual price of the S&P 500. The purple line is all expiration options and then the teal line is the zero DTE So it's kind of interesting to see if they're going exact ly together the opposite way or if one's flat and the other one is going up or down.

And just to see the correlation with price. Um, but this little pop right here on the Spy Definitely going with options or options. Maybe even leading the way. Uh, options.

Maybe still going up here. But overall, the generic trend of the day is, uh, early this morning, it dumped, then it went flat until about 10:02 and then after the existing home sales came out, it started to dump a bit more. I Guess maybe got a little overextended and now it's pumping up. So definitely from 10:09 to 1010.

From then until now, the past 5 minutes, uh, there's been a bit more bullishness in the options Market Will it hold your guess is as good as mine? I Mean right here from 10, it looks like a little bit of a liquidity sweep. Um, definitely some bullishness coming in the world of the Q's right now. how high will it get? How high will it get? The Q's are? I Guess attempting to take out their intraday high right now. Uh, the Q's The Qes have actually been trending up in ever since 944.

Look at this. but hang on. Maybe just turning right now. Interesting.

So pumping with the options Market But the options Market Turning in Price immediately turning interesting. Will it hold? or is this a flurry? The 5 minute on the S&P 500 doing everything it can to like, recapture and stay above this 48 EMA in the 10-minute bouncing perfectly off of