Foreign Gotta Move Yeah foreign. We're Gonna Take On The World Community Team Team I Was just talking to the macro Analyst at the hedge fund and she has some good news for you. Bulls She uh, is pretty confident in tomorrow being a Green Day So the first ever prediction by Piper is bullish. Tomorrow she's looking for a green day tomorrow.

Is that right? Is that right? Say hi, Say hi, hello. Uh, looking for a Green Day You guys can't really see you down there. We'll see if she wants to just kind of chill. What are you doing? What are you doing Huh Behind you.

We're just chilling today. We're just oh, what's up, What are you doing you want to do? huh? uh-huh Tell them. Tell them your thoughts, tell me your thoughts and your reasoning. No, no, be careful.

don't step on that. Oh that's all out. freaking us all out. man.

what are we doing? What are we doing here? I'm gonna step on. uh-huh Yep, all right we gotta do the show. but we appreciate it. There you have it.

Um, she lead analyst. She is right. literally 100 of the time predicting a bit of a green day tomorrow. That is what are you doing I Guess she has some hot takes on oil as well.

She's uh, I'm hearing from her that she thinks oil is going to keep going up. So two hot takes two, Hot takes two, Hot takes hot take Numero Uno Green Day tomorrow. in terms of the overall Market Hot take number two from a person who's probably never seen a barrel of crude oil in her life, she's looking for oil to also go up. How's Piper's portfolio waited? She goes all in zero.

DTS Every single day, non-stop That's how it is. There's no just overweighted. That's how she does it. 100 allocation.

Why not? When you could? Do you know, like, why do that when you could get hundreds of percent of Leverage She'll just go all in all day. But that's what happens when you're never wrong. Why not take? Uh, well. now we lost her.

Uh I guess if what is she doing, don't you? If there's any questions I would I would like uh, if she comes back I will I'm trying to see you if she comes back I'll ask her your questions. Uh, but in the meantime she's not here. so you're gonna have to save your questions for a couple business days and I'll get back to you A-s-a-p There we have it. Lead micro analysis analyst.

Uh, what happened to pork chop? Well that's one of her nicknames. we still call her pork chop. It depends on her attitude so we'll see how it all goes. talking about the market.

The old Nike Swoosh recovery kind of down. kind of down turns in a background and around noon it was a goodbye time. around 1pm. it was a great buy time.

You could have bought this breakout at two and things have been strong ever since. I Don't know there might be a little bit of a sell-off into close today, but we'll see how it goes. Uh, the thing I want to point out is remember XLE is going to be tracking the energy sector of the overall Market strong strong day. The financial sector started off kind of rough and remember this had a lot to do with Moody's I will be talking about that in one second.

but anyway, even XLF had a strong recovery and the one that is worthwhile to really talk about is Kre. This is still technically down on the day, but what a fight back We are seeing across many important individual Industries and then that adds up to the overall spy. Go and go and go. The Cues had a decent recovery but definitely running into some issues.

A little bit of sell side Shenanigans if you will going on at the low of the past two trading days. so I want to cover all of that I want to get into some of the technicals and I want to give you some insights into how Piper came up with her opinions and breakdowns and thoughts for tomorrow. The outsides 200 points as Moody's Bank downgrade adds to August woes. So thus far in the month we haven't been doing the best.

In all reality, we're really really not doing the best in the month of August Uh, as of this exact moment, we are currently down two percent in the month of August Uh, obviously we had a little bit of a green day to kick the month off, a gap down red day, a no-nothing Green Day a bullish excuse me, a bearish engulfinger head day, a no-nothing green day and now what I would consider to be a reversal pattern when you try to get this breakdown and the market pushes back up. especially when you're having this type of negative news leads me to be bullish. So the way I look at it I Think Okay, reasonable for a reversal. Looking for tomorrow to test 451.

that's my call out for tomorrow now. You might be thinking great Matt We don't really come here for you. We don't really care about your thoughts and opinions and inputs on the market. We want to know how Piper came up with her analysis and it's honestly simple: I Took a green piece of paper and I took a red piece of paper and I put it down in front of her and it said Piper you tell me what's going down on Wednesday August the 9th You tell me and you tell me right now if you want to earn your keep here at this particular hedge fund and you know what she did She took one Paul and lightly touched on the green piece of paper and she said that's all the work I'm doing today I'm going on lunch, that's the day I had with her so I just wanted it to be well known that Piper the cannot miss Piper guarantee of tomorrow being a green day.

So for today, specifically before we get into our predictions thoughts, opinions, all that good jazz I Want you to know why Today at first started off a little bit rough and it's because of Moody So last week Moody's cut down the US's credit worthiness from AAA to double A Plus people didn't like that and now they're actually cutting down the ratings of banks small to medium-sized Banks and they're also calling out larger Banks such as PNC and Capital One of being on tilt. they're on deck to get downgraded if things don't improve and a lot of it has to relate to the credit real estate sector. So basically what do you want? Whoa. Big jump.

She wants to say hi again, she's back here. Hi Um, a lot of it has to do with Cre, the corporate real estate sector and basically these banks that have like sizable loans like within that particular um I guess whatever lending, what are you doing? What do you get? What do you want? Any other input? your long on oil you're long on the market is just chilling now just trying to figure out this whole microphone situation. Yeah, it confused me at first too. That's why my first years of videos were kind of bad.

I Agree, things are getting a little bit more spicy. Credit card balances jumped in the second quarter and are above one trillion for the first time. Total credit card indebtedness increased by 45 billion in the April through June period, a rise of more than four percent and just above 1 trillion. I'm not saying million I'm not saying billion I'm saying trillion with the T the Fed's measure of credit card third debt 30 or more days late Rose to 7.2 percent in the second quarter, the highest rate since the first quarter of 2012..

this credit situation is getting Sus on top of it. with the Moody's downgrade in mind when they're talking about corporate real estate. the defaults in Cre is now above five percent year over year, which is the highest we've seen in over two decades. So corporate real estate which is a sub-sector of just overall debt and what's going on not looking so good, but then just debt in general.

Like the debt you have I have everyone has, it's over 1 trillion and late payments are unfortunately not trending in the right direction. So with all this in mind, it's fair to say. Okay, maybe the economy is not as good as it should be. Like that's a very fair assumption.

As credit card debt tops 1 trillion for the first time, a huge test quote unquote for card holders is coming. Total credit card debt reached 1.03 trillion in the second quarter of 2023. Credit card balances have now, not seven consecutive quarters of year-over-year growth. Most of the time, when we're here talking about year-over-year growth, it's a positive thing, but not a positive thing when you're talking about it being debt.

Unfortunately, the resumption of student loan payments will be a huge test for many car holders. Right now, we know there's a study from Morgan Stanley where it's about a third, a third, and a third. A third of people are saying yeah, no, it'll be fine I'll start paying. a third of people saying I can make it work but it's not going to be comfortable and then another third of people basically saying uh-uh I can't pay it because I do not have the money So it will be interesting in my opinion to see how this plays out.

Worthwhile to pay attention to, because in my opinion, it definitely has the capability of being a positive or negative impact on the macro economic situation. If you're looking for individual things that might benefit or get hurt by this, Sofi is the main ticker that comes to mind. So I just want to throw that out there before. Sofi was kind of a darling, almost of the retail Community A lot of people very enthusiastic about about Sofi but then when all the student loan repayments got paused for a bit there.

So if I took a big hit because they had a lot of student loan payments that they were expecting the money to come in and when no one was paying, they kind of didn't know what to do. So the stock logically went down quite a bit. But now that the Assumption, especially if you listen to the Department of Education is that payments will restart in October. That's why you're seeing sofas stock start to tick up slowly.

but surely so definitely something I'll personally be paying attention to other things we should be paying attention to, especially in a little bit of a shorter term. So today we got the Eia short-term energy Outlook that caused oil to pop. Oil went from the low 80s all the way up to 83. Today tomorrow we get another oil update at 10 30 in the morning.

Crude oil inventories Thursday and Friday of this week are the exciting ones. In terms of macro economic reports, we'll be getting the CPI at the Consumer Price Index and then PPI on Friday the producer price index. In terms of macroeconomic reports, mortgage credit availability sinks to a decade low, so we're seeing a lot of credit tightening going around. Oh, don't do it.

Please don't do it. Piper Piper We talked about this. You can't do that right? Well just be. be cool.

Piper Don't Make Any Sudden movements now I'm frozen. No. Piper Stop there. I Feel her like.

you know how like you can tell they're getting ready to jump. like where they're kind of oscillating back and forth and they're like getting ready in their hind legs. like you can feel the energy like she goes down. She's like I'm gonna do it.

Please don't please don't Piper just chill man. turn around. don't show your back to the audience. That's honestly a little bit rude.

Uh, where would we mortgage? credit availability sinks to decade. Dude Piper What is she doing Piper Oh, and we're back. and we're back. Just like that.

A recovery for the ages, A recovery for the ages. Um, so we're seeing bangs feeling less willing to lend. which kind of makes sense for the current situation. Uh, in with respect for tomorrow Thursday August 10th The bias is neutral.

It was neutral bearish bouncing back. so in my opinion it Nets out to being neutral, the Bulls have won this day 48 of the time the profit factor is slightly below one. So for Thursday well tomorrow isn't Thursday tomorrow's Wednesday sorry I give you a little bit of a preview if you want this information. uh, obviously Macquares.locals.com it is in the description of the video.

but for tomorrow Wednesday it does favor the Bears. It was kind of neutral bearish. kind of pop back and then bearish again. so that's for Wednesday August the 9th.

So tomorrow bulls have won roughly 50 50 profit factor a little less than one. so I would say it's neutral, leaning bearish Thursday's definitely neutral. and then Friday clearly favors the bowl. so even though I'm going against seasonality, Piper and I are in agreement.

When you get this kind of a setup, when you're selling down down, you have a fresh low. You try to break that fresh low bounces off of it. Well, okay, obviously a failed breakdown and inherently a failed breakdown in inherently has to be bullish. So tomorrow I'm looking for the test of 451.

Obviously, if that's wrong and we end up failing below 446 I'm then watching 445 followed by 443. So those are my personal levels of Interest Tomorrow for the S P 500, you can look at the similar levels on SPX es all that good jazz, but that's what I'm personally going to be paying attention to and upon this conclusion of the day, I Guess we're getting a little bit of a pop right now, so definitely ending with a bit of a flare as XLE kre. Even the cues are starting to pick up right now. So right now this week, even though we're about two days into it, not much has been going on.

It's a little bit more quiet. I mean there were definitely some shakeouts. One thing I wanted to look at were like the potential like Optimal times to trade today. So with that in mind, let me run you through some chart stuff.

So right here this bar I'm looking at the Futures Market starting at 9 30. obviously coming into today on the Moody's information on the gap down I think there was reasonable assumption. Be like okay, maybe I should be looking for a short position. Now if you want to be a bit more aggressive, there was an opportunity early this morning right here when we were above all the EMAs and we broke down this breakdown right here at 9 35 and then once again on the EMA test at 9 40..

you could have got a position there and you're just risking the high of the day here. Let me switch over to the spine. Maybe it'll be a little bit easier to see. so I just want to go through like maybe I Don't know without with the benefit of hindsight of like Optimal times that you could have trade did so.

anyway Market opens up, you're feeling a bit bearish. The internals are bearish. we know the daily charts looking bearish and right here as it's cutting through. Maybe on this retest at 9 40 you could have gotten into it, but in all reality it's not going to work.

So your next real opportunity if you're on the five minute chart. Came here at 10 10. We sold off. They tried to make a rally.

they try to push a bit higher, just did not hold. so you'd be short at 449.50 risking 448.90 So you're risking about 40 cents. and then obviously it goes to 445.40 So you made about two to one. So if you were doing something like a one to one and a two to one, both of those would have hit.

But anyway, even if you ended up missing that your weight your patient you wait for, this starts to break down now. Unfortunately, even though you were patient and waited for the setup, most likely it wouldn't have paid because if you were waiting for the breakdown at 10 45, your entry would have been around 445.80 You're risking 446.40 So you're risking 60 cents and you really never get that one to one two to one by the time we come back up here. If this was your risk, you didn't get hit until right around 12 10. And really, it's at lunch time that things started to change the trend.

On the day, the days where we have whipsaw and Trey and changes, those are the days that you're probably going to get chopped up. Now if you were waiting for a bullish position. on the day you didn't see anything this morning, in fact, your first opportunity was right here. at 12 55 it pushed up above it.

We got the EMAs to start to switch over, pull back down right here. 12 55 was the decent entry with your wrist being at 446 and in reality you would have been riding that all day even if you were like nervous about that and didn't catch it. Your next opportunity came between 125 135 somewhere right in here where once again we pulled back into the EMAs and we popped off. And we really haven't looked back since that moment.

so I would argue. if you were a little quick to draw, you could have had a good bearish trade. A good negative trade at 10 10. you probably would have got busted up if you didn't take that one.

The second one and the third one, you ended up not hitting your profit targets. but in terms of going bullish, you had a great opportunity. At 12 55 you had another opportunity between. we'll just call it 1 30 and both of those to this moment in the day are actually paying off pretty nicely.

Obviously there's going to be a lot of similar setups in the queues, like sometimes it's a little bit more volatile. but overall, you had one nice paying opportunity, a second one. the queues right here. It might have paid, but by the time it got this trendline break, there was a good indication that just maybe there's a trend reversal and we got this breakout.

This is a similar one on the Spies. It broke above, pulled back. you could have gone long once again, right around 1 pm, so that was probably the most optimal trade of the day. Was either a short very early on at 9 45 or along around 1 pm.

and to this point the Longs on both the spine the queues would have been paying, So just wanting to do do a little bit of a chart breakdown on the day because today I Don't think it wasn't the worst trading day, but it wasn't the best trading day. Um so I just thought maybe switch it up a little bit do a little bit of this breakdown to talk about risk reward. uh realistic entries, realistic exits and I like days like today where you can see where some of them would have worked and unfortunately some of them would have probably gotten stomped out. So it's just nice to see like okay like here's how it would have handled the trader, the trades that could have gone against us and then here's how to handle the ones that like would have kept running in your position like if you're looking at XLE or kre there's not much to learn about it.

Someone on whatever YouTube or Reddit is gonna be like yeah I just went long this morning and held all day. Okay, anyone could do it. It's these kind of days where it starts off pretty bearish, goes neutral, comes back around, is fighting the daily Trend where I feel like you could actually like, truly learn something from these types of days. So I think it's worthwhile for everyone to do a daily chart review like every single day review whatever time frame you care the most about if you have any trades I think it's worthwhile to kind of Journal right? Not only your reasoning for your entries and your exits, but maybe even a little commentary on your emotional state.

For example, midday I was talking about some of my trades and I realized that the methodology I was working on for the past six months. My first two trades of the day were completely opposite of it. so like for me that was like just like dude, why are you doing that that's dumb and of course by like kind of deserve it. But those first two trades lost money and then all of a sudden when I saw this interesting long opportunity around 1pm.

at first I was short around 12 50 and then right as it started to break out, it hit my wrist. So I tried to take this short in here I was like okay, uh, maybe a fake outbreak out. That's what I was really thinking about. hang on just to get more specific about my trades.

So right here we're trending down all day. I was like oh man, here we go, maybe a little bit of a liquidity grab and then I was looking for that and it was in my mind. and then at this bar at 12 40, 12 50 like right in here I was like okay, we're breaking low and I think I went short right around 12.50 Obviously my risk was the recent high, so oops, let me throw this. Why is this not working? My risk was 447 going short at 1250 12 55 Looking for this breakdown right here was my trigger on the I don't know I think it was around 1253 but right away it popped up.

so I took a small loss and then I was patient, waited and I got in right around 1 30 140 right here for the long position and right before stream I got out on these two red bars but overall like I like to do this and I like to talk about it not only because like I don't know I feel like so much of this is just like really in your face of making winning trades every single day. These people who like act like a hundred percent of their trades are perfect. They're making all this money doesn't seem real well folks, it's not real. some of the best Traders you're gonna be like that so it's more of that risk management I Promise you I promise you I promise you if you spend more time focusing on your risk rather than your reward, you're gonna make great strides towards being a not a profitable Trader but a very profitable Trader But I think our psychology is the opposite.

Instead we focus on like how much money we could make in a situation if it goes right, but in reality your first question should be like how much are you going to lose if it goes wrong and if you start thinking like that, you're naturally I would assume this is what happened with me. You're naturally going to start taking less risks because you're like, well, I don't want to lose that much money because no one wants to lose money. So then you start just being a little bit more picky with your entry situations and you start being a little bit more timely with them taking on less risk. So if you are wrong, you're taking on risks that you can actually handle.

and then for the time, the roughly 50 that goes right in your favor. Great. You'll let your winners ride, and you ride. And you ride.

It's It's really a game of who can be disciplined and focused and hone in on their losers, cut your losers, and lit your winners ride. In fact, we kind of end up doing the opposite. People end up holding on to their losers and I held on to one loser today I shouldn't have and that's just a part of the game. Like years and years of trading later, you're still going to be battling certain things and I'm not saying my particular psychological or discipline battles are the same of everyone else's but I think we're gonna like they're gonna be pretty similar across the board.

So I just wanted to share that with you, especially because today was a little bit quieter. So I figured hey, why not do some chart reviews um, if you like that kind of a thing, let me know because in the past there was a little bit of interest of doing that type of a thing every Sunday because it could be like a review of last week and then also prep for the upcoming link. So if there is intro just like in the past, there's been and then I just I don't know I haven't really asked about it, but uh, if there's interest of doing that either, I'm like I guess like no one really wants to do it on Saturday So Sundays really does make the most sense. but uh, definitely let me know, let me know, let me know, let me know.

Um, what else do we have? What else do we have? What else do we have? Uh, any questions, comments, concerns? Uh, obviously the lead analyst is back in the room. She's right here so if you have any questions for Piper we could throw her on the mic for a hot second. Um, but if there's anything you guys have for me and I know, I'm the second most interesting person on the stream right now, but I could also I could do my best to try to answer. don't care, we want cat So should the Sunday stream literally just be of Piper like whatever she's doing, maybe a little bit of a I could just run her around for hours with a laser pointer.

We could stream that instead like just continually do laser pointer challenges with Piper and see if she could ever catch the laser. might be worth, might be worthwhile. Uh, they want to know Piper Have you ever heard of toxoplasmosis? Have you heard of it? She looked at me and basically said I barely know my own name I have never heard of toxoplasmosis. In fact, she doesn't know her, no name.

All she does is sleep in areas that seem particularly uncomfortable. She found a Vera Bradley bag not mine. It's my completely real fiance's in our closet and that's like her favorite space to go now is she just like curls up in this random Vera Bradley bag and we have like blankets and pillows and cat beds. Very comfortable things I would assume for a feline to sleep on, but nope, she finds her way into this closet, goes into the Vera Bradley bag and calls it a day.

Strange if you ask me. very very strange if you ask me. a scratching post is definitely necessary. Yeah, we have some ordered I have a lot of stuff ordered.

Should actually start coming today tomorrow and the next day because like when we first got her, we just did the basics like a food bowl, a water bowl. um like all the I don't know random cat food You're supposed to get for kittens like all that stuff and a couple toys. and she's already destroyed half the toys. so we got to get some higher quality ones.

but I want to get her like a jungle gym thing that I could put behind me right here. so if she wants to hang out on stream, she could with all of us. So I was gonna get a cat Jungle Gym uh to chill with her a piper only day May mean your largest single day of YouTube earnings ever I would assume so but I don't know emotionally if I can handle that like I understand that's the way it would go if we just did like a Truman Show of Piper's life. like if we just a stat like attach like a GoPro to her but could get wild my girlfriend just told me she's leaving me for Piper What do I do Matt Sometimes you just have to accept life.

man, there's there's not one. There's not a way to undo that one. that's for sure. The cat laser would be more interested than the market the past two days.

I agree I agree I agree Scotch tape on her feet. Do they kind of do like the weird walking thing when they don't get it? Matt The volume. is the volume too high? I think my I'm coming in at negative six decibels. Uh, this should be my normal volume.

Maybe it's you. Oh Matt The volume on SPX Why? What's going on? Volume Volume Volume Volume. Volume. Volume.

Volume. Volume. Volume Starting to pick up. Well, The probably the market.

Uh, on close and balance right here at 55. Started to fire like crazy. Started a fire like crazy. Overall, the Spy is down on the day point four percent.

the cues are down point eight percent. So it is technically a like a bearish day, but that's just because we ended up gapping down but strong recovery. The fact that they try to smash the market down and it didn't hold definitely makes me bullish for tomorrow. Um, and as I alluded to before in case you didn't hear it, also makes Piper bullish on the day tomorrow as well.

What are you doing? What are you doing? What are you doing AMC to 560k Uh I Don't want to spend too much time talking about it because it seems like literally a waste of time. But did you guys see all the new drama going down on the like The Twitter space communities and all that stuff as it relates to AMC I Mean there's just so much drama all the time. and now one of these people is being accused of like working for City or something and being like a plant and a shill. Dude, Why does my desk not go lower? Whatever.

Um, no. tell us about it. Just a lot of a lot of crazy. Drama Oh What a crazy drama, right? Who cares? So crazy people.

They're all crazy people. Crazy people. Crazy people. High Bottom of Ned There's Ned's crushing it too Ned and Piper kind of have issues with each other I think they're both a little um start for attention and then Ned gets mad because he's like, well, you don't hang out with me at night and then Piper's like I'm a cat I Don't know.

There's been a lot of internal fighting at the hedge fund between Piper and and Ned so I don't know. It's tough. It's tough. It's tough.

It's tough team Piper Well, of course everyone's team Piper Everyone's team Piper There might be a few team team netted team chair people in here. um taking over unders on how long it takes Piper to knock over the astronaut dude that's a hefty stature back there behind me. The astronaut is not messing around I don't know if she has the strength to knock it over quite yet. Uh, Piper is the best Trader On this side of the Mississippi You don't say that you take that back and you take that back Now Uh folks, if you haven't already pinned to the top of chat and also in the description of the video is a new video on the Evergreen channel.

the top three trading books I Recommend and think everyone should read if you want to be a successful Trader It is pinned to the top of chat. it's in the description of the video it's on Rumble it's on YouTube Watch it like it, comment on it. Do whatever you need to the top three trading books and I kind of explain all of them and I tell you where to find them and all that good jazz and what they're good for. but make sure you check that video out.

but that's what Piper and I have for you right now so we're gonna go work out together on the stair stepper. She's really into it as well. obviously that's how she's so fit and slender. Um, that's what I have for you.

We will be posting content later on today and then we will be streaming once again tomorrow morning 9 A.M Bright and early I Appreciate all the Good Vibes Thank you thank you thank you I'll see you back tomorrow morning for the next stream. We'll be posting content tonight. Check out what's in the description of the video. Don't forget to become a goonie Macross.locals.com That's what I have for you.

Much love Peace Out Thank you Foreign.