Foreign. Thank you Oh brother oh brother oh brother oh brother. Welcome back to the Matt core show where I'm Matt corazure of the show and it is Power Hour And boy oh boy oh boy do I have some stuff to share with you if you're tuning in right now and you're thinking to yourself, hey, not much really happened today I bet this is going to be a bit of a boring show. You might be right, but you also simultaneously might be wrong because I did some absolute degeneracy stuff throughout the day today and what I mean by that is I had a bunch of work I had to do I have this to-do list that is a nautical mile long I don't know if that's really a length or if it's more of an area, but that's not really the point of today's show anyway.

I had a lot of things to do and instead I went into a wormhole. an absolute deep dark. a dark hole. a dark Wormhole the size of the worms from Dune which is a movie that still does not make sense and I got into a bit of a coding frenzy to the point that I've been trading every single.

well, you're hearing it I don't know if you guys did here. It trades every single five minutes. every single five minute bar. This strategy is fucking going for it.

Man, it's going for gold. It's I mean I'm gonna show you a little bit of a sneak peek of how this looks like you guys might just I don't know, make sure that there's not uh, loved ones around kids around. This is not for the faint of heart. This is what it looks like.

This is what my day looks like with my algorithm. This is every five minutes. It's just going for it now. Is there a way that I can reasonably track what's going on? No, not at all.

That's not the point of it. I think a lot of people are coming in here thinking to themselves, hey, how do I reasonably and consistently make my account go higher and higher and higher and I get that but maybe this just isn't the show for you. Maybe the show for you is people who trade like this I don't know like this, some of these trades look like I'm going backwards in time I mean right here I got a little confused by that I'm like why is it going there but then going backward like it's all over the place. This is just these are all.

it's just sling in size, slinging size. So that's the kind of day I've had. um as of now. let's not get crazy.

It's not up money by any means I didn't Um, is it fun? Yeah, is it profitable. Those aren't necessarily the the same two things, but all I know is it trades crazy. It trades a lot of crazy and this one is that. This gives me anxiety.

Man, what's the deal folks? It's just. this is just how It's done. This when you when you're the world's leading Pico Influencer: these are the kind of things you need to do to top yourself and force yourself to the next level. I Look around and they always say it's competition that brings you up.

You're competing with a respected competitor that forces you to be the better you The only competitor I See is that guy that has potential. When I look in the mirror and that guy in the mirror this morning, he said, hey, let's not shit ourselves again today And second of all, let's trade even more. Let's not do this. sniper.

Mantra Of living looking for the the right setup at the right time. Minimal risk High reward. You know. Aim small Miss small.

Go for those headshots. Yeah, that's one that's one way to win. That is one way to win. You know another way to win is to be like Bonnie and Clyde hop out of the old Tin Lizzy and fucking lit loose with a Tommy Gun So I don't I Don't know if that's historically accurate I Don't know if Bonnie and Clyde used to Tin Lizzy I Don't know if they used a Tommy Gun I Don't really know the timing of either of those three events: the creation of Tin Lizzy, the height of Bonnie and Clyde or the invention of the Tommy Gun and obviously the mass production.

Uh, mass production. excuse me. But for the point of this show, let's just assume that those all align together. There's one tactic.

You can be a sniper. one shot, one kill, one shot, double double headshot I Don't know I Don't know if you guys played Halo 3 and you had to get that achievement. Another one is you just load up and you let it fire and you lit. Lady Luck Tell you how the how the Cookie's gonna crumble that? That's the new strategy so you guys can name it if you want.

But I do want you to know that the Macro analyst of the hedge fund Ms Piper Uh, she did approve of this strategy. so make sure. 1934 Ford They stole Tommy Gun and Browning automatic rifle I Don't know if you guys are telling me if I'm right or wrong, but I'm just gonna assume I'm right. But anyway, so every five minutes you're gonna hear this and go, oh really, oh brother, right? speak of the devil.

You see how that happens. You say good things and good things happen I Wonder if this one's gonna hit I Wonder if this one's gonna hit? Let's hear. Let's see if this one's gonna make some money today. Let's see if it's gonna make some money.

Uh, technically that's not the right order. Also, not saying it's perfect quote. Actually, none of this is safe for children at home. If you have a kid under the age of 40 near you, you should probably remove them for the room.

I Know a lot of the times like the whole adult cutoff is at 18. but I Just this type of action. these types of colors, this type of auditory signal. It could really mess with the brain of anyone sub 40.

So please be careful if you're watching. Um I am by no means responsible for any emotional, physical, or financial Fallout from the degeneracy of what's going on here. So I just want I want everyone to know that we do have various things to get into besides the degeneracy of my account today, such as how the market continued to sell off. Do the magic eight ball yesterday call for it? Yes, it did.

Did Piper called for? yes, she did. So we're simultaneously both Piper and the magic eight ball, right? Yeah, they were what will happen tomorrow. I Don't know I Could tell you that the seasonality for yesterday and today were bullish and yet we sold off I Could tell you the seasonality for tomorrow and Friday are both bearish so that might make things worse. I Don't know.

it's about a 50 50. if you look into the odds of the market, it's about 50. In about 50 50. About 50 of this 50 of that 50 chance, it seems like it's bearish, but also that's that's just a gut feeling.

and I've been reading this psychology book and I'm just prone to all potential psychological downfalls of trading. So whatever your bias is, however, you're feeling about it, whatever your Vibe is. dude, it's just we'll see how it goes like you're We're in this together. We're guessing it together, so keep that in mind.

But there are some key key things we should be going over foreign: Don't forget to Espresso up. Don't forget to Espresso up. And on that note, S P 500 waivers as fed signals continuing worries about inflation at Old 2PM ET Today, a mere hour and a half ago, we got the Fomc meeting minutes from the last Fomc meeting, which happened to be at the end of July We're going to be going over that, but we do have a little bit of breaking news: D.A seeks March 4th trial date for Trump Georgia election case I've lost count of how many times this dude's been indicted and I think after the first one, it kind of loses its wow factor its Pizzazz but I don't know I mean I guess we should pay attention to it. it's in March which is like not really that close.

So I guess we're just gonna be waiting on this particular one. but anyway, this just got announced a mere few minutes ago. Now back to that Fomc meeting that actually caused the market to finally break its boring ass sideways trying and start to go to the downside that officials see upside risks to inflation possibly leading to more rate hikes as in my theory that we've been talking about recently might get heated out the window. But even with that in mind, you're going to be surprised who Goldman Sachs is blaming on the recent Market sell-off or maybe you won't be surprised at all I don't know, time will tell Fed saw quote unquote significant inflation risk that made Merit more hikes I thought we were going to be done and I don't know if this is just uh, the FED playing Coy trying to be the cool guy in the leather jacket at the bar just ripping on a Sig or if they actually mean this but obviously time will tell.

Most participants continue to see significant upside risk to inflation, which could require further tightening of monetary policy. Some participants commented that even though economic activity has been resilient and the labor market had remained strong, there continued to be downside, risk to economic activity and upside risk to the unemployment rate. We intend again to keep policy restrictive until we're confident that inflation is coming down sustainably to our two percent. Target Remember on that note, according to the SCP the summary of economic projections, they are expecting us to go from three to two percent inflation.

That extra one percent. They think it's going to take all of next calendar year to achieve that goal. Just want to throw that out there and we're prepared to further tighten if it is appropriate so it's not a guarantee. They're not saying that we are going to do it, but they're just saying we're not the most happy of the current situation, just in odds of an additional rate hike this year rise to 39 so higher than what it was before this.

in fact, it was about a third of that before this. So now going up to roughly 40 a four-week high after the FED minutes in the minutes, officials felt the potential need for high rates still exists. There's now a 3.6 chance of two more 25-bit break Heights never ending search for a Fed pivot. You could see the odds and the probability right here, but there's a 39 chance of one more rate hike, and there's a 3.6 chance of two more rate hugs each at 25 bips, which is the lowest increment.

With all that in mind of thinking of inflation, China until the Netherlands and Germany until the whole oil situation, the whole presidential election. Uh, there's a lot of craziness in the market, which might reasonably lead you to believe that's why the Market's selling. but it's not that. and if you thought it was because of the strange economic and monetary times, you're wrong.

The real reason is you you have no other option in this world to blame beside yourself. It's not student loan. It's not inflation. It's not the crumbling economy in China It's not their ghost cities.

it has nothing to do with Russia Ukraine It's not that it's because of you degenerates watching this right now yoloing slinging your zero Dtes Goldman Sachs Blames Zero Day Options for fueling S P 500 sell-off It's nothing else. It is nothing else. besides that you are to blame. If you want to know who has the potential to have caused all this, you better take a long hard look in the mirror.

Look closely at the Contours of Tuesday's tumble in the S P 500 and fingerprints of a New Market Force come into Focus I'm just picturing Goldman going around kind of like a sleuth a modern day Sherlock Holmes looking for that one fragment of a fingerprint that they can match together with other ones that they found at other Financial crime scenes. There are options inside to the S P 500 with a maturity less than 24 hours. A flurry of trading in the contracts known as zero days till expiration was the backdrop to a jarring acceleration of the day's decline, one in which the equity Benchmark slid roughly 0.4 in 20 minutes .4 in 20 minutes. Ma What incarnation? Market makers whose need to keep books balanced often means that they must buy or sell stock in Mass when option Traders Cascade in were forced into action by Furious trading and bearish puts with a strike price of 4440..

those options? almost a hundred thousand contracts change hands during the session, or 45 billion in notional value, which we've recently learned is A silly way to look at the world of options. 45 billion? We're not talking about everyone exercising it. Most of this open interest ends up dying off before the actual expiration as their cost. Spike From nine dollars from 70 cents to nine dollars.

What was that? Hang on now I Gotta check my own position. Oh, it went short I'm now I'm confused I Don't really know how this strategy works, but anyway, where was Boom brother? The strategy is going to be the death of me. You think things got wild when I was degenerately trading hundreds of thousands of short-term expirations in July Well, this strategy is going to be even more wild So my apologies as their costs like two nine dollars from 70 cents in a short span near the sessions and it sent market makers on the other side of the transaction in a dash for Hedges to stay Market neutral. In this case, that meant in Exodus from equities, there's not enough liquidity on the screen to handle market makers Delta hedging such as a dramatic move over a short 20-minute period.

Not our fault, not my pig, not my farm. I Don't give a shit if they are hedged properly. There's no rule. There's no law like boo fucking who.

That's my response. If you can't hedge appropriately, get over. Not my problem. if I want to YOLO into options with my money I Can you think I'm gonna be crying a tear for the market makers who have such a tough time keeping their book neutral? No, no, they can lick my ball sack.

Dude, it's not my problem. Goldman Shilling for market makers? Oh, it's so hard for them to say neutral. What about the poor old market makers? So anyway, that's apparently the problem of why the market is going down. Uh, it has apparently nothing to do with the overall global economy and the state of things getting worse.

Apparently it's just the retail degenerates who are ruining the fun for everyone. So even though we've been talking about some of these fomc meaning minutes, we had retail sales yesterday I Want you to know for tomorrow? There is initial jobless claims coming out an hour before the Market opens and we also get the Eurozone CPI on Friday at 5 00 a.m an early one. On top of all that, we have earnings. we recently heard from Home Depot This morning we heard from Target.

Tomorrow morning we are hearing from Walmart and on Friday we have John Deere on the note of Target which has been I guess no pun intended a target of I guess like an anti-woke backlash throughout the year. kind of in the same vein of Anheuser-Busch particularly Bud Light Target Pride Backlash adds to sales woes as culture wars rage and Corporate America I Don't know if this is really like a pride backlash I think it was people being pissed off that there was right or wrong swimwear I guess quote unquote: How do they call gender conforming swimwear for kids? I Don't think this was like an anti like same sex marriage backlash. It wasn't that it had to do with swimwear and kids and the perception which proved to kind of be wrong that they were attempting to sell like gender neutral or whatever swimwear to kids or the odd I don't know the opposite gender I Don't know I'm trying to say this without getting brother. dude, what is this algorithm doing? It is gonna cause me to go crazy, isn't it? Oh shit, how much money did I lose there? fuck anyway Target CEO Brian Cornell Cornell Said that the retailers fiscal second quarter earnings got hit by a backlash to Pride Month merchandise.

It was one of several factors including inflation that dragged down sales Cornell Defended the Retailer's decision to pull some of the Pride merchandise, but said the company will continue to celebrate Pride Month and other Heritage months. Okay, well that's the update there and you know who won from this? The other retail stores Shoppers are spending big at TJ Maxx Home Goods as Target sales slides. So when there's losers in this game, there's also going to be some winners. And once again, TJ Maxx Home Goods And we're gonna find out if Walmart was an overall winner and we're going to be finding that out tomorrow morning.

Retail Companies on Theft This year. So we were reading some of these crazy stats and it's really line number one here. Target Expects 1.3 billion of theft in 2023. Violent theft is up a hundred and twenty percent Home Depot is investing in more security guards Walmart May have to lower prices and shut some stores due to theft Ulta Feeling pressure from shrinking inventory coals continue to see inventory shrinking shrinkage Nordstrom shut down San Francisco store due to changing Dynamics Foot Locker Retail theft is worsening after two years of high inflation and Rising rates consumers are feeling the pain as discretionary income Falls Theft is rising.

What's the solution here? That's a tough one to answer. obviously the employees at the store. it's not going to be up to them. The stores don't want the employees to be the I guess stand-in security guards because it's probably just too much of an insurance nightmare just in case.

if there is an employee trying to stop a theft and then if that employee gets hurt or even worse killed, they're going to have such a horrible Insurance headache. So they're just telling everyone to let it happen if you see it happening because whatever's being stolen is not going to be anywhere close to the value that they would have to pay out if something goes even worse in an insurance case. So that I do just let it happen. Uh, it's crazy this this.

These people are doing something that's not only illegal, but obviously immoral. Uh, very immoral so just want to bring that up. It's hard to be a retailer right now. Barbie beats Batman becomes Warner Bros Highest grossing domestic really.

So I guess Barbie is going and going and going. It's going to the point that Margot Robbie is now even more Rich Barbie star Margot Robbie has made 50 million from success of the one billion dollar film. So she was rich and famous before and now she's a bit more rich and a bit more famous. and hey, I think she's a good actress.

I think she's a beautiful woman so why not? I Guess if someone deserves 50 million, give it to her, see if I care. The National Futures Association A Cftc designated SRO has approved Coinbase Financial Markets as a registered Futures commission. Merchant Coinbase can now offer Futures contracts and BTC and Eth to eligible customers in the US. So a little bit of a Futures update here.

Um, actually in the Futures video that is on the Standalone YouTube channel, but it's also on the rubble. Channel I Use the Bitcoin feature as like an example of kind of what's going on. Uh, they're a pretty penny right now to day trade one of those bad boys. it's like 40K to get the contract.

It's crazy. But Coinbase, a little bit of positive news there, brother. What is happening? Well, that doesn't seem right. What is going on I think there's hmm, doesn't seem right that this code is firing the waste coding or base I Don't know I need to figure some of that out.

Something's wrong there Google Reportedly Building AI that offers Google Reportedly Building AI that offers life advice. Well, maybe it'll offer degenerate trading advice because I could be using that here pretty soon. Um, uh, based on like my little hot take of what's happening in that that coat dude. now I'm getting really distracted I'm so confused.

It's the strategy. Like there's a big distinction between what the strategy says should be going on and then the actual trading that's being executed. That something with the execution engine is not right. Google Reportedly Building AI that offers life advice.

Well, that could be interesting. so we're already giving Google all of our own deepest, darkest data and secrets. We might as well give them apparently all of our other thoughts too. And Google can run our life from here on out.

Sign me up! Speaking on here On Out tomorrow. Thursday August 17th The Bulls have won this day about 50 of the time that the profit factor is below one at 0.65 The bias is bearish. Here's a look at the equity curve over the past 25 years of buying an open selling. it closed in the S P 500 futures Market Kind of went sideways.

A little up. kind of sideways. but really over the past 10-ish years, it's clearly been trending down. It's not the most bearish day we've seen, but it's definitely favoring the Bears.

So I just want everyone to be well aware of what's happening there. and just so you know, it's also bearish on Friday So the next two trading days from a seasonal perspective, it is favored by the Affairs Just want to share all of that with all of you. Alrighty already. And how are we going to be concluding today? Why am I getting so chopped up right now? I Don't understand.

Oh, it's because the market itself is crazy choppy. Well, what's a more reasonable way? How could I do this? Maybe I just need somehow measure the angle of the moving averages and when it's going flat like this, just don't mess with it. I mean is this going to be trading again anytime soon? Shit, this is not working how it was supposed to work. Uh, this is not.

I Mean it should be short right now, but it's not. It just didn't take the trade. uh, strategy positions. it says it's Matt I don't understand this.

I don't get I don't get my own creation. but anyway. uh, maybe there's going to be a bit of a sell-off to close it is 353 so there's one more potential trade in this basically the final five minute bar of the day. So maybe I could end it on a positive note.

But uh, ever since I started streaming, you guys have been definitely my my bad luck. my definitely my bad luck. Um so shame on you. You know, be cooler spy options expiring worthless.

but I bought it earlier this morning so it was free. Hashtag Girl math I like that I bought it way too early this morning to count the cost. So hashtag girl math hashtag, government math Well folks, things are not looking the most buoy known for the Bulls are looking pretty Bueno for the Bears we are below the low of the past. how many ever trading days the last time we closed Bo Above This level I mean we're basically undoing all the work all the way back to uh July Tuesday the 11th here.

Like I said, the next major level I'm watching is around 438. We're currently trading at 440. We're below last week's low. We're below the low of both of the days.

this week it's just lower highs, lower lows. We're clearly trending down now. Obviously Trends do change. It's just a question of when.

and right now with such a strong close near the bottom of the day makes me feel as if the sell off oh geez, I think I got like espresso coffee beans in my throat. Uh, makes me feel like they will be continuing to sell this off tomorrow. But who knows. let's see how the overnight action really plays itself out and how are we going to actually be concluding today? What's going on? What's going on? Am I Going to be able to end this on a positive note Here, we have about five more minutes.

Let's see. is this Alga gonna dude? I Got annihilated in the past couple minutes to trading here I Don't get it whatsoever I Don't get it. Where did this all go wrong? Where did it go wrong? Did those 355 the market imbalance Bots start to run? Yeah, they did. Interesting me Amigo Interested huh? Strange.

Well anyway I guess while we're waiting to see how this plays out, Uh, it might fire again. It might not. I don't know. your guess is as good as mine.

It's It just has a mind of its own. It's just at this point, just it's kind of like a what's that a Skynet type of a situation I made it I was its creator and now it's it's coming for me. It's hunting me down. 4 48 tomorrow.

You think the Market's gonna bounce back up to 448 tomorrow I Think that is highly unlikely. Is it possible? Yes. But I Also think it is relatively unlikely. What the fuck? Um I am it didn't get a fill there.

It was supposed to fire. It was supposed to go short. Uh uh. Check the code.

Man, it's in the code. Well, this is awkward to say the least. You know, awkward to say the least. Probably would have been a nice winning trade to knowing my luck.

Uh, Do Not exit this position. I'm trying to do a quick code update. real time. quick code update real time with all of you.

uh uh. Strategy positions, Strategy positions. So if I go short, should it match it perfectly? Boom Brother I think I got it to match appropriately. Let's see how this concludes on the day.

Um, positioned by the cover pie to cover? Buy to cover? Well, if anything, that was just probably stupid. Um, well. how much I have about two minutes? Well, if there's a little bit of a flash I decided to go short into clothes. uh, feels like I probably should have stopped this bad boy from Trading with such little time left in the day, especially because I can't swing it overnight.

Whatever. When in Rome uh nine EMA versus a 13 EMA would be ideal for algo trading on five minutes I Don't think so. In fact, I know it's not because I've tested it and there are better EMAs Um, I've tested every single EA EMA ma weighted EMA combo from one up to 200 for a pairings of two and also druplets triplets, whatever you want to call it. Uh, but the 913 is not ideal I mean like just statistically, it's not like this isn't really like an opinionated thing I just it's not.

Um, oddly enough, one of the best basic things you can do is Uh 10 100 crossover, which is kind of I Found that to be surprising myself. but if you do a super basic 10 EMA crosses over the 100 EMA and go along and then obviously vice versa. Going short with the 10 crossing under 100, That, oddly enough, produces really, really positive results. Um, so uh, you need to use more than one indicator, only one given you part of the picture.

I Don't necessarily agree with that either. There's people who try to make a shitload of money and don't use any indicators like there's no rules for this kind of stuff, like it might work for you. and then there's probably people who use like I don't know 15 indicators. Um, this.

Con People like to act as if there's like a perfect secret in the world of trading and there's just not. There's not at all. There's There are very, very famous, well-known Traders active traders who truly do not use a single indicator. They just look at Price action.

That's all they do. They look at Price action and they're like, okay, cool, like thanks, see ya and then they basically call it a day. Uh, boom brother. Like, all right, peace.

So 10 100 on what time frame the five minute. Uh, it does work well on the five minute. I Don't know if that's technically the one with the best profit. Factor I'd have to like double check I just don't recall it off the top of my head.

but all this stuff can be fact checked. like like you don't have to necessarily rely on me and just be like, well, Matt said this like I mean I have a lot of the data and the data sets and it already tested. but I think a lot of people, oddly enough, come into this game of trading. They just have like I don't know an assumption.

they learn one thing from one random Twitter post and like, yep, nope, that's the gospel truth and I think that's kind of odd I mean a lot of people trading strategies that they don't even know the odds. they don't know how often it works, they don't know how often it doesn't work. and to me that's a bit strange. but hey, whatever floats your goat man, whatever floats your goal.

On that note, the market has gone dignity. ding ding ding. On the day, the Spy is down point seven percent, the cues are down one percent and everything is red except for rum rum's the only one on my watch list. I put in a little bit of a Green Day up one cent so hey, I'll count that as a win I'll find a win wherever I can folks.

that's what I have for you. That is what I have for you for this. Power Hour show on Wednesday August 16th I Hope you had a good day I Hope you had a profitable day in fact I hope You made butt loads metric butt. Loads of money if you did great.

Let's see if you continue it tomorrow. If you didn't there's always tomorrow to see if we can make it back. Obviously I will be streaming once again tomorrow morning. 9 A.M Bright and Early you better be there.

And on top of that, we'll be posting some content tonight on both Rumble and on YouTube So make sure you check that out. Check out what's in the description of the video, check out what's pinned to the top of chat. That's what I have for you for this Power Hour Matt Core show I Appreciate all the Good Vibes Thank you thank you thank you I'll catch you later on in that video upload and then once again tomorrow morning 9 A.M Bright and Early. That's what I have for you.

Thank you thank you thank you Peace out Girl Scout Thank you Foreign.