Right? That's what we forget just to make us come together and all I you remember for in the game for watching you can see in my eyes on the low on the chain with the my so cold Tom All that's we forget make us come together and all right. That's when you remember who you are All that's Weg to make us come together and all right I Oh brother oh brother oh brother. Welcome back to another episode of the Matt Cor show where you're Matt I'm Kors and together we are the show it is Tuesday November 28th Market's not looking so Bueno this morning if I'm being honest with all of you, it has been much more Bueno in the past. So a little bit concerning.

Little tiny bit concerning little iny biny tiny bit concerning so I don't know we're going to see how it goes and I guess I should you know before I forget. This is probably the best time for me to actually put up the poll on the day. um just so we can get more votes Market At Open All right Are you guys going to vote green? or are you going to vote red? All right, we'll get that there. All right.

Plls up, pulls up, pulls up. so if you're watching vote green, vote red. Remember what I'm asking you to vote on is not necessarily the market throughout the day I'm asking you the first minute from 9:30 to 9:31 Do you think the Market's going up or do you think the Market's going down? So that's what the vote's for. Obviously, we're going to have the magic wheel of Destiny that's going to help us really know what's going on throughout the day.

and we might have a guest a guest picker here of Piper So she seems to be a little bit tired. She had a late night cuz she likes to party on Monday evenings because she's a Wild Child like that. Um, but if she ever wakes up from her nap, we also might be bringing on the guest picker. It's Mayo Man, it is mayo Man it's nice to meet you.

uh Alfredo uh Alfredo calling me Mayo Mayan It feels like we're like either brothers or cousins or something. You're Alfredo I'm Mayo man. like it feels like we're kind of very, very similar. Um I appreciate that.

but good morning, good morning, good morning as you guys are coming in. obviously don't forget to smash the like button. Don't forget to subscribe on both Rumble and on YouTube helps me out with the algorithm Gods above. Um, the people who basically like decide my destiny.

So as you're coming in Smash the like button. don't forget to subscribe all that stuff completely free. Check it out on Rumble Check it out on YouTube We're multistreaming because why would I put all my eggs in one basket? So definitely safer to also be over with the rumble crowd. Speaking of which, shout out to the rumble crowd.

Hope you're doing well. Speaking of which, shout out to the YouTube crowd. Hope you're doing well now before we get into all this today now: I Know if you're looking at the premarket, you're probably thinking to yourself Matt you are right, this is not Buenos Nachos type of a situation. this is Bueno like sadio Like it's a sad morning.

things are looking red now. Obviously if you've been thinking I think the Market's coming down. You're probably liking what you're seeing this morning because we're finally seeing a couple cracks a couple I guess chinks in the armor type of a situation. Will it lead to anything? I don't know, your guess is as good as mine.

We have to wait for Market open and most importantly we have to wait for the first opening range the first 15 minutes 30 minutes hour. We just need to see how the big players are really positioning themselves. so I want to get into that I Wanted to get into some individual Equity News, some overall market news, some seasonality, some just other interesting things that I want to share with you but before we get into all that I need to. You guys are basically my therapists.

Let's be honest, this is at this point at this point in the world, this isn't really a finance show anymore. This is more of like a bunch of people who are pseudapanteles I made up. And by the fact that it's so ridiculous and you couldn't make it up, you know what happened. This was my dream last night.

So obviously dreams are nonlinear. Uh, they don't really have a start, a middle and end. so there's going to be some choppiness to this particular story. But what you need to know is what I'm looking for.

Piper Hang on Piper wants out I'll be right back I guess Piper didn't want to do the show today anyway. Okay, Piper out. So here's my dream: last night in the dream. In this particular reality: I was dating my current fiance.

it was the same person, same same I was dating my fiance in the dream though she wasn't my fiance. so in real life she's my fiance. in my dream. she was my girlfriend and the dream started.

Where the reality was, she was my girlfriend but she was getting married and I was invited to the wedding. So once again there's a couple characters that play me who's the boyfriend dating a girl who's the girlfriend who's also literally getting married and I got invited to the wedding and then it gets crazier. The guy she's marrying is an Irish guy and his whole whole wedding party like his side of the wedding party. they were all Irish and it's that thing where like after the ceremony everyone's like they do like the everyone's walking in like whatever, the bride, the groom, uh the wedding party walks in and all these Irish guys are coming in and they're all like after they walk by me and they're doing their entrance, they're all making like weird snide comments about my hair and then like like the first one I laugh and it was kind of awkward.

like why'd you say something to me The second one I was like all right, this is getting a little bit more strange. the third one keeps going, keeps going. all these Irish guys are making fun of my hair and I'm like what is going on and then I asked the one guy I'm like what's up like what and then they they were making fun of the Pomade in my hair. So like all these Irish guys which was I don't know, maybe particularly racist I'm not sure so they all had curly hair I'm like dude, why are all these curly-haired Irish guys making fun of me cuz I have wavy Luscious Hair like we just have different styles of hair sto making fun of my Pomade and then the like.

the one you know, kind of like the leader of the group I don't think he was particularly the best man. My brain didn't really decide that. um I don't know if he was or wasn't but someone who was in part of the Grooms party. one of these Irish guys.

he was mouthing off and then we got into a fight. and by a fight I mean he got up and he cold clocked me and I was like what is going on and like I remember being in the dream like just shocked and I was like I can't retaliate because it's going to offend my girlfriend and then I'm thinking to myself when I woke up like I was like dude, you couldn't offend your girlfriend, you were literally at her wedding getting married to someone else I'm like oh this guy's about to get kicked out like and that was my mindset in the dream I was like all right, don't fight back this guy will get kicked out of the wedding and then all I could think to myself is like in all these like romcoms and stuff like when these people have the balls to stand up and they're like uh like like whatever like if you have something to say, say it now or forever, hold your peace I'm apparently like the last guy to say anything cuz even in my dream I was afraid to offend my girlfriend who I was at her wedding to another guy cuz the Irish guy punched me in the face cuz he was making fun of my hair and I was like dude, why are you making fun of my hair and then I woke up so what do you guys have for me on that one I I I woke up at that point um I remember there was like some scuffle at the wedding. Uh irish guys, they were in yellow the the undershirts were yellow super super yellow and that's all I really remember of it so Chris call it off you're like I don't know what this one means but I didn't call it off um yeah that's I I was really upset about the hair like they kept making fun of my hair and I was like like dude you have curly Irish hair like you have no one like you shouldn't be making fun of anyone um um you got punched didn't defend yourself well I woke up I don't know the conclusion of any of this I remember like what I saw was I got punched by like he got up and he was all tough and I was like what's happening and then he punched me and then like it was that Split Second where you're thinking but the punch itself like woke me up so like the dream cut right there cuz I was literally like I I became in real life awake so I don't know how it like concluded like I remember like that thought of like oh like what am I going to do and I got hit and like I was thinking and then like the jolt kind of woke me up so I don't know I don't know if I would have gone to the mat I don't know if I I don't I don't know if the wedding guy broke up I don't know who defended me I I don't know anything like it's it's a cliffhanger I'm like I'm almost excited to go back to sleep tonight so I can find out like part two of the story I I don't know I just got hit and like um whoa, time to go start the show today. Um so I so what does this have to do with options trading? R Raul that's a great question.

It has everything to do with options trading. so if you think about it, there's a lot of think about the calls the puts your risk tolerance. being in a position you shouldn't be in uh, multile situation, there's actually a lot of like. If you really dive into the analogy, you're going to notice that there's a lot of similarities with zero.

DTE trading um and I really I myself want the conclusion of this story because I think it's going to improve all of us as a trading community. So like I said, like maybe after this show I might just take a fist full of benad dril just go to bed early. So I could get part two for you guys. We'll see how it goes, we'll see how it goes.

but um, if any of you are like therapists or Dre dream professionals and can tell me what that dream means, uh I would appreciate a breakdown because I'm I'm I'm just as confused as everyone is, especially the people who are tuning into the show now and like what is he talking about He was at his girlfriend's husband's the girlfriend's wedding to a different dude and Irish guys were making fun of his hair and he got cold clocked like yeah, it's I don't know you you guys got to tell me what's up. it's just I wanted to share that um and now you're about to see a perfectly seamless transition to talking about the market because that's how we do things here Market's not looking good ever since 115 yesterday. Clear Trend To the downside: this buy going for from 45550 to now about 453 getting as low as 45332. same thing with the Q's going all the way up to 391, vomiting down to 38847.

There were a couple things reported this morning. We're obviously going to get into that, but even even though things are a little bit bearish now, does that statistically have any indication of how things will perform today? Tuesday No, not really. I Know we all have like anchoring and recency bias and we're like well, if it's red, it must be red. If it's green, it must be green and statistically that's not true.

um but hey, we'll see how the day actually ends up playing out. Stock futures are little change as investors sess pause a November rally. So yeah, overall the market has been ripping, but you can see over the past four trading days not much has really gone on like we're just. we're kind of.

we're stuck here. I Was talking about it in the newsletter which don't forget, you guys can all get for free Mc. Locals.com it's in the description of the video If You have a tough time finding it. but in my breakdown I was kind of giving my thoughts and opinions.

My prediction of what's going on I was like yeah. I think we're pulling back into the EMA cloud and I'm I I Just think we've gone too far too fast and it's time for the engines to cool off now. obviously if we start to break out I'm not going to hold that thesis I'll go bullish. I'm playing whatever the price action tells me to do, but without knowing the price action of the week or the day specifically for today I Still feel as if, um, mean, reversion will play itself out.

So once again, if it switches and we start to break up, yeah, I'm going to be bullish. but I still think it's more likely than not that we pull back somewhere into this Cloud potentially all the way down to this 44133. Maybe obviously that's not going to happen in an individual day. Um, it could.

but I don't think like something bad would have to be going on for us to drop that much in a single day, but this is what I'm looking for. I'm looking for this consolidation to play out. Maybe a pull back in cloud? or if we just consolidate right here, the cloud comes up into it. Maybe a breakout and continuation from there in all reality.

I Don't care if it's bullish or bearish I'm just looking for the high odds lowrisk. High Reward play setups that I could play comfortably I Don't care if it's to the upside I don't care if it's to the downside I Just want want to get in with on a relative basis, minimal risk and ideally High reward. Now there are a couple things that could sway the market to the upside to the downside, as I've been talking about now for a week, earning season is effectively over. There are a couple things that maybe you're personally interested in.

After the market closes today, we hear from Crowd Strike. We hear from workday. we hear from in it Splunk Tomorrow Foot Locker Dollar Tree Snowflake Salesforce Five Below later this week Kroger TD Cracker Bear Ulta A lot of you have been talking about Ulta yesterday Dell So there's some names, but in terms of the percentage of the S&P 500 companies that have already reported, especially by weight, we're pretty much done. So yes, there's still some earnings, but I don't think there's something that like is truly Market moving.

But what is market moving are some of these macroeconomic events that are scheduled for this week? So I Want you to know that at 10:00 A.m. today, we get the Consumer Confidence Report. the expectation is 101. But more important than that is the fact that we have such an influential report coming out at 10.

I Don't think it's a smart play to make a swing trade or like a full day trade like as in you're planning on holding it all day before 10: A.m. I think particularly today on any of these days where we get 10: A.m. announcements I Don't see there an advantage in trading the overall Market I'm not really talking about individual equities right now. I'm talking about the S&P 500 the NASDAQ bonds like fixed income, that world the overall Market On the equity side there.

I Don't think there's any advantage to trading before you're flipping a quarter. The report might be in your favor, might go against you, you don't know. So why not just wait for the report to come out and then play whatever trend is produced because of that report. Once again, this is for the overall picture.

if you're seeing a great opportunity on an individual. Equity Okay, yeah, have at it. I'm just talking about the overall Market Uh, party really gets going tomorrow. We will be streaming early tomorrow.

The GDP report for Q3 comes out at 8:30 so we're streaming early tomorrow. Thursday At 5:00 A.m. the Euro Zone comes out with their CPI report, another inflation report, the Consumer Price Index and then here in the US at 8:30 we're getting the Pce report, so streaming early Wednesday and Thursday and then on Friday No early report, but then we are streaming for longer because Fed Chair pal will be speaking at 11:00 a.m. so GDP report CPI report Pce report and Pal speaking four major things to pay attention to for the remainder of this week that could clearly have an influence on everything going down.

Now before we get into other specific Finance Economic Market news: I Just need to share a crazy story with you: A 12-year-old boy drove a stolen forklift and Led police on a low-speed chase around the suburbs for an hour. Police in Michigan said a boy driving a forklift LED Officers on a slow Chase For more than an hour. Cops found the boy driving on Saturday evening and gave chase at speeds of up to 20 mph. Dash Cam footage showed the boy knocking into park cars and jumping red lights.

No one was injured. What does this have to do with the market? I Think it has a lot to do with the market I Think sometimes not only in the markets, but sometimes in life you just have to have the brass balls, the big konas of a 12-year-old kid who'd be willing to get into a forklift and drive it around for an hour evading law enforcement. Sometimes when you're presented with an opportunity in life you don't have time to him and H thinking I'm a 12-year-old I don't know how to drive a forklift I shouldn't be doing something illegal I shouldn't be evading law enforcement for an hour. Sometimes you just don't have the time to weigh out all those questions.

Sometimes you just have to nut up, get in the forklift and drive to your heart's content. So that's more of the philosophical message of today is sometimes you just have to be the 12-year-old forklift boy just throwing that out there, just throwing that out there. Want everyone to know? Uh, sometimes sometimes you just have to step up. Now with that in mind, obviously through a new lens I Want to to interpret the coming news and also the coming trading day.

Stop the price scouching Biden hits corporations over High Consumer costs. Funny thing about this is on a relative basis relative to inflation. Corporations have increase their prices. they actually have, but not to the degree that Biden is suggesting Biding is suggesting that prices are up exclusively because of corporate price gouging, when in reality the line share of why they're up is because of inflation itself.

President Joe Biden took aim at corporations for charging prices he said were artificially High Any corporation that has not brought their prices back down even as inflation has come down, even as Supply chains has been rebuilt, it's time to stop the price gouging. So he's stupid I Don't know if he's intentionally stupid or if like he really believes this. I don't know I Don't know if he's intentionally like just this uninformed about inflation. But right here.

any corporation that has not brought down their prices as even as inflation has come down okay, inflation has not come down, the rate of inflation has come down. So inflation was shooting up like a rocket before. as in, everything's more expensive and now the rate of the increase is just less. So what they're not going to bring their prices down, they're just going to stop increasing them at such an elevated rate.

That's the analogy I always come up with is we inflation itself. Let's say in this analogy is driving the car in the wrong direction the wrong direction. That means prices are higher. At one point we were going 90 mph.

in the wrong direction. We're still going in the wrong direction. We're just now going at 30 mph. So to say that inflation has come down.

No, the rate of inflation has come down. Inflation is still high. The cost of everything. We're not seeing deflation.

We're not. No one has been saying that we're seeing deflation. That's maybe a reasonable argument of when you would might. And there's many other things to consider.

You might see prices come back down. But this is a crazy thing to say. He's saying because that we're just not inflating at the same rate. All prices should come down now.

No, the damage is done. We're not deflating, Things are still inflated just at less of a rate like I I Feel like you guys get it? I Feel like I'm beating a dead horse here explaining a very easy to understand mathematical concept and apparently the leader of the Free World does not understand it. so I don't I don't It kind of drives me crazy. The White House has struggled to bridge the gap between data that shows an economic recovery from pandemic lows and voters who still feel stubborn inflation in their budgets.

CU Duh. The So. Basically, let me. uh, let me explain this in more of human terms: The White House is concerned.

That or the White House Not concerned. They're struggling to understand why people are calling them out on their BS when they manipulate data to make themselves seem better. Hey, we manipulated all this data Saying that you should feel awesome. why don't you feel awesome? Then the person is.

Well, maybe we shouldn't start with a manipulated data. Maybe we should just start with how we feel and look into the data honestly and that's not what they want to do. They're like, no, no, no, no, no, no. If we slice up all the data and start at ideal starting points and end at ideal ending points, things look great for us.

We're amazing and that's just not the truth of the situation. I Mean anyone can manipulate data however you want and like if you're basing all of your numbers at the extreme Rona low before all the craziness kick Ked In with quantitative easing, the stimulus checks, printing money, the FED fund rates. So much has happened. but if you're just picking the worst low on certain economic measures, of course it's increasing and then they always always I Like I Think they have a statistician on payroll who's like, okay, how can we warp it where it's technically right, But people are going to interpret it incorrectly and make you think that things are better than they're not better than like folks.

Look at your bills. Look, look at your bank account. Look at your bills relative. Look at your pay relative to your bills.

Things are not better. The rate at which they're getting worse is slowing down, but they're still getting worse. And obviously I'm picking on Biden right now because he's the standing president. But also I Want to be very clear: Every president does this every Administration does.

This Doesn't matter if they're left, doesn't matter if they're right, Doesn't matter if they're a magical madeup party that we had way back when every Administration pulls this off. Um, am I picking on Biden right now? Yeah, he's a scile old geriatric man that's my favorite cohort of people to pick on. They're easy picking, but I would do that with any of them I Want to be very, very clear. Everyone does this and it's just scummy.

They're taking advantage of people who are uninformed or just don't know what's the reality of what's being discussed. And it it's it's. it's absolute E-commerce Stocks rally after. Black Friday Shoppers Spend Record On Well, based on what we were just saying with inflation, this is even more concerning because if things are increasing in price and people are feeling the pain, what are they doing when we're seeing Also, record spending, it means they're putting it on their credit cards.

credit card debt is now above a trillion dollars. and I've been saying this now for a couple weeks. It's particularly painful when you realize that the average and median interest payments on that debt is the highest it's ever been. So not only are we at record credit card debt levels, but we're also at record interest payments on those levels, so that's not good.

And then also, don't forget that student loan. uh, student loan repayments are also restarting. So not good. Not good, Not good, not good.

Also, crazy to me that I guess the Shoppers are just I Don't know. Are we just not being taught basic budgeting? Basic money, Basic money in basic money out type of a thing? People are definitely overextending themselves and it's one thing if you. if it happens in the world of housing, it's one thing if it happens in the world of food. But we're seeing it on like not necessarily Necessities at all like we're seeing it I Don't know.

like I mean we're getting great reports from Shopify Etsy Affirm all these companies are booming off of it because of how strong Black Friday was even Amazon they were selling a thousand products a second and it it wasn't food, it wasn't housing, it wasn't Necessities Uh so obviously people are still buying their Necessities but then they're We're seeing this phenomena of people are choosing to run up their debt by just throwing everything on their credit card. Uh, so it'll be interesting to see how it all ends up panning out. Amazon is eyeing more Miami office space as Bezos moves South Um, so just speaking of companies that are benefiting off of the current Trend within consumer spending. obviously Amazon I was just reading yesterday that Bezos is still making over a million dollars an hour.

um from basically just his ownership of not only in Amazon but everything else going on. Uh, but another reason I want to bring this up is because of Miami So Amazon interested in Miami Citadel interested in Miami other richy, rich rich panas also interested in Miami Feels like over the past two years Florida has really been attracting businesses Also, obviously a lot of people. Uh, but we're seeing Tech leaders hedge fund leaders. It feels like there is a giant Exodus from everywhere in the US to Miami Um, and this trend is definitely not like in any way litting up If anything I think it's getting more aggressive.

So if you you own property in Miami congratulations to you because your value is going up I'm sure your tax bills suck right now. Um, just because everything is being elevated, but the appreciation in your actual real estate asset probably looking good for you. Um, so shout out to all of you people Bance's founder CZ Ordered by judge to stand the US ahead of prison sentencing. so I just want to bring this up very very quickly because Crypto is still looking pretty good Bitcoin Holding 37k Um, just rip drift consolidation I'm looking for another leg up 39 40K Uh, looking good.

Pulled back into the cloud bounce. pulled back into the cloud looking for a bounce? ideally soon. The most recent big news is that CZ forced to step down. Basically, they were finding out that Binance was facilitating the transfer of money for Al-Qaeda Hamas Isis Basically three groups that you don't want to be ass.

Associated Like helping them with their finances. So Binance was. That's what they're being accused of. credit L Accused of by the Doj and really all these other fancy schmancy three-letter government agencies.

So CZ Stepping down. Uh, he's going to get sentencing probably I Mean Binance had to pay a $4 billion do fine. Uh. CZ Probably having to pay a large individual fine as well.

Uh, but right now he wanted to leave, He was arguing that he's not a Flight Risk and the rest of the world's like, well, you kind of are a federal judge on Monday ordered Binance ex. CEO CZ to remain in the US at least temporarily after his guilty plead last week. The US government is seeking to to prevent CZ from returning to the United Arab Emirates Before sentencing, the judge in Seattle said CZ has sustained the Us while the court resolves the government's motion for review. SO Waiting on all of that Uh, once again, sign up for this Matcor Locals.com Uh, this is the newsletter.

You're going to get it free in your inbox every single weekend. Uh, I Give you all the major macroeconomic events, all the major earnings that I think you'll care about, but more so right now I Want to talk about seasonality? S&P 500 seasonal buys for today Tuesday November 28th This day has favored the Bulls 72% of the time. Three out of four times the Bulls have won this day over the past 25 years. The profit factor is 2.57 The buyas obviously bullish, and here is a look at the equity curve for today.

so H We don't need these five things. More importantly: I Want to show you the market. So seasonality telling us bullish? How are you guys voting? Uh, Vote vote vote. I Need to end the vote soon.

Uh, how much time do you have folks? You have seconds to decide. You have seconds to decide. Also, we need to do a quick wheel spin. So you guys all know the Magic wheel of Destiny.

Are we bullish? or are we bearish? On the day, Bearish. We're in the red territory. So the Magic wheel of Destiny Magic wheel of Destiny is telling us that today might not be so. Bueno Uh, so just want to throw that out there.

But how are you guys guys voting Green green? Green So both both of you guys both Rumble and YouTube are actually favoring the bullish position. You're going anti- whale. Which makes sense because you guys are voting on the opening while the wheels vote. Like telling us what's going to happen for the day.

So there is sometimes like a slight discrepancy and they could both be true. They're not necessarily mutually exclusive, but hey, we're going to go for a 12 win streak right about now. Order fill, Order filled. Order filled.

Order filled. All right. Target filled. One of six hit one of six hit.

here. We go here. We go. Easy money, easy.

There we go there. We go. Three left, Three left, Three hit. hit one more.

Five of six hit, Five of six hit. Let's run it. Let's run it. Let's run it.

Let's run it. Come on. One more, give it to me. Give it to me.

This is what the D Gen lifestyle is all about. It's about being the best Trader on this side of the Mississippi and we're about to crush it. Come on. One more five of six hit.

Five of Six Hit. Give it to me. Give it to me. No.

I've been bamboozled I've been cheated I've been hoodwinked. Give me my money. Give me my money Right now. What are we doing? What are we doing? We hit Five of Six Easy Peasy Lemon Squeezies I Thought we were sending up for another just comically easy trading day and look it, it even hit my value.

It hit it I Just I Guess I wasn't high enough in the queue to get my feel like it hit the value I Just I wasn't the person who got decided I wasn't Uh, I wasn't the person in the front of the Fastpass line apparently for this particular ride. Um, well, that's frustrating. That's that's particularly frustrating in fact. Oh brother, Five of Six.

All right, we got to just be confidence. This is a Confidence Game The market knows if you're scared I need to have the confidence of a 12-year-old driving a forklift for an hour evading law enforcement I don't know how to drive a forklift, you know I seems super illegal. That's what I need the mark the market senses if you're scared and it's kind of crazy because the market inherently is more scared of you than you are of it. And then like, all of a sudden, if the The Vibes are off, it could feel weird.

You could feel weird. Um, so bunch of craziness could be going down. So it's a confidence game. That's that's all trading really is is.

you just have to have the confidence that this trade will work for you in the meantime. while this is playing out actually I will uh I think there's a couple hours left. The a lot of people I've been getting questions on how am I doing this. This is a prop trading account that the challenge has been passed.

So prop trading is basically this. If you pass their challenge, if you can prove that you trade good enough, they give you money to actually trade and then you basically all the ones run it slightly differently. But basically you get a percentage of your profits. A XEX is 9010 split as in you keep 90% of your profits.

After your first 10,000 you keep 100% of your first 10,000 in profits. Um, so I Use it through Apex. Apex is the prop firm I Connect it to Ninja Trader And obviously when you sign up, they tell you how to do all this type of stuff. Um, so for me I use Apex as my prop firm I Connected to Ninja Trader Uh, I Picked a $50,000 account.

Uh, with that $50,000 account. What you have to do is on a paper account. A simulated account. You have to get it up to 53.

You have to get a $3,000 gain without having a two or a $25,000 pullback. if you can pull that off, if you pass their quote unquote combine, then you get an actual funded account. and now we're not talking about simulator. We're talking about like, okay, real money on the line.

Um, so what I've been doing is basically asking you guys every single morning should I be bullish? Should I be bearish? And thus far you're on an 11 win streak and if this one hits, it would successfully be 12. So with your help I went from 50,000 up to 53. past the test, started a real account and now with the real account which right here you could see it in the top of your screen. PA that's the difference.

So if it starts with PA on Apex, that's the real account versus ones that just start with Apex that's still in the simulation mode where you haven't passed it quite yet. Um, so now that it's in PA this account's at 53. so you guys actually made double that because you made 3,000 for the Sim account to pass the test, Then now another 3,000 in the actual account which is just truly crazy. So I don't know.

Sometimes prop firms get a a bad rap and it's just because there's uh, so many different types of prop firms for me. I Have fun. It's degeneracy. like I Like to think of it as a nice in between of like a paper account and a real account.

Because a paper account, you're risking nothing. and then with these Sim accounts, you're risking whatever your monthly fee is. And the reason I'm talking about this so extensively extensively right now is because if you go to their website, you're going to see that their, um, whatever deal, hang on. Where is it? Uh, where is it? Where is it? Where is it? Uh, this deal is about to run out.

Uhoh uh. it is running out in 40 hours so it's 90% off. It's obviously a Cyber Monday thing, so I use this 50k account. Usually it's $167 but with 90% off, it's obviously $16.70 So that's when I say it's like the nice in between.

So a Sim account you're risking nothing. your own account. You're risking all your owned money. In this situation, you're risking what you pay, You're risking $16 So it's like a little bit of skin in the game.

and I think I don't know sometimes I think that's nice. like somewhat of a a medium style stepping stone where you're not risking a lot. A lot. but you're there is a little bit of risk.

Um, so if you're interested in that, it is pinned to the top of chat it's in the description of the video and I don't know. I've been awkwardly just trying to kill some time hoping that this would hit, but you guys already hit five out of six. So every morning I like to trade six contracts, three on the S&P 500 futures contract, three on the NASDAQ 100 Futures Contract it's all in the Futures uh World Um, so that's why I'm like oh, out of six got I do three and three so the three already hit on NQ two of the three already hit on ES And ideally we're going to see a little bit of a pop here. that should lead to locking in all six.

Um, for me, there are different prop accounts. Um, and I'm the biggest fan of just using the one that's the cheapest I Don't really think there's one that's necessarily like extraordinarily better than other. It kind of depends on what you're trying to pull off. so that's why when I talk to you guys about it.

I'm the biggest fan of just you spending like the least amount of money if you're interested. So right now Apex is the the cheapest one for those 50k accounts. but hey, look into it. You pick the one that you like and like whatever resonates best with you, blah blah blah that type of a thing.

I'm just a big fan of spending the least amount of money. Are you guys still sure about this one? You guys all voted up and it a couple times was coming back to break even and generally I mean you guys NE You guys weren't wrong. It did hit that value I just unfortunately didn't get a fill so that's a bit of a bummer. Cut it Chris says to cut it um I Don't know if I want to though the first 60 seconds is over, the first 60 seconds is very very much over and you guys were once again technically right.

The Enqs were obviously right on the NASDAQ on the Spy Here it it hit it. it. It hit the value I just didn't get the fill I wasn't I guess high enough? Uh, you should cut it at break even I mean if I do it. We could still technically be positive on the day because this unrealized loss is 150 and my total P&l would be like I could cut it right now and be green on the day and and that's kind of up to you guys.

Uhoh, these profits are quickly dwindling. What do you guys want me to do? Are you guys talking about manatees again? What is this? Like your manity chat room? You guys just talk about manatees as I trade throughout the day. That's a very interesting culture for the live chat to have is you're like, okay, like this guy's going to talk about trading all day and we're going to talk about manties very honestly, more strange than my dream. You guys are saying cut it are you should we cut it or hold it I Mean it's your account you guys.

You guys tell me what to do here. I'll put up. Um, oh no, that's the Q&A here. I'm trying to start another poll.

Start a poll. What to do with last contract? Hold cut. uh look for break even. All right you have three options.

I could hold it as in Yolo it and go for the initial like profit Target I could cut it right now or I could try to get out at break even where the last contract is like it's not a gain, it's not a loss. Um what do you guys want? What do you guys want? I'll give you to like I'll give you two to three minutes. um 9. I guess 42 9:42 Let me know, let me know, let me know, let me know.

9:42 So as this time is ticking, um once again it is pinned to the top of chat is it's in the description of the video If You guys care about how I'm doing this at all. um just use this code TPM bgl and you'll get your 90% off and it lasts for 14 more hours and then after this it'll go to like I think they like common deal like where they normally sit is 70% off. so the three options are basically I think it's 71 71% off, 80% off 90% off. For me personally I only buy them when they're 90% off because why would I want to spend more money for the exact same thing so little bit of inside based but just wanted you to know that.

so after this deal it'll drop to 71% off instead of 90% off. Uh oh brother, What am I doing? What way are you guys voting? What way are you guys voting? Cash your votes? Cat your votes on Rumble You could just comment it. Um, how are you you guys doing all right? Uh, you have about 30 more seconds to cash your votes. Be careful here.

you wouldn't want to mess up your streak. You wouldn't want to mess up your streak Would you All right 15 seconds to go? Is it on the Spy or on the Q Uh, it's on the S&P 500. So technically the Es contract. but if the Spy goes up, it's it's going to move in a correlated manner.

Technically it's on this contract right here on the top, right? But see how the the bars are the exact same? Um, but basically it's are you bullish or bearish at. from this point on, the spy oh brother, did Microsoft hit a new all-time high? Yes it did. Microsoft Congrats to those of you in Microsoft Um at you can safely say at 934, everyone who was long on Microsoft was in the green in the entire world and then everyone who was short on Microsoft at 935 At 9:34 was down. Um, that's kind of crazy.

At 9:34 all Bulls were in the green. All bears were in the red. You could say that about Microsoft That's nuts. That's nuts.

That's nuts. All right. What do you guys have? I'm ending the poll Who won? Hold technically won by like a smidge. Both percentages.

it's so close. but both percentages came in at 41% But in terms of magnitude, there were a couple more votes on hold. Guys, you got to. We need a tiebreaker here.

We need a tiebreaker. Dude. we have the perfect tiebreaker. All right.

All right. All right, we have the perfect tiebreaker. All right. Black means we hold.

Red means we cut the tiebreaker cut. It's telling us to cut, cut, cut, cut well. Well folks, you never want to go against the Wheel of Destiny You never want to go against the Wheel of Destiny Order filled. Boom.

So still up on the day up. 137 on the day. You can't complain. It's still technically a winning day and it's just unfortunate that we didn't hit this and I think the wheel of Destiny stopped us from getting completely merked.

We could also bet the other way we could do a little or order filled. I'm just I'm breaking the rules I'm not asking you guys I'm just wondering if this is going to go down right now. We can make up that money. Bada bing Bada Boom! We could easily make up that money.

but uhoh uhoh is it not going to keep going I I thought there was going to be I thought I could be cute and make the money back real quick and be like oh look how good I am um but now I'm getting concerned because it looks like maybe people are buying the dip. Why did I do that? Why did I do that quick buy Now Matt KET Technically I'm going with the wheel. The wheel said to cut and when we asked the wheel what direction is the market going today it did say down, um you could argue that I'm being a big greedy because we only got half of our normal profit on the day and I was like well, maybe I could quick All right one of them hit one of there we boom 317 on the day. Normally we make 330 and because of that loss locked in the wheels right anyone any anyone impressed with the perfect knowledge of the wheel at every single point of the day the wheel said get out catastrophe is coming and then I got greting I was like well if catastrophe is coming I might as well benefit off of it.

300 buckaroos locked in. Bada bing bada boom closing it down. Bada bing bada boom Like people act like trading is hard. all you have dude.

All you have to do literally folks. Break out your pen, break out your notepad, do whatever you need to. All you have to do is get a magic wheel that's never wrong. Wheels Always right.

Just go find yourself a magic wheel that predicts the market with perfect accuracy. and you too will always make money. It's not. This isn't rocket science folks.

this is. this is Magic science in fact. Um, it's it's It's very easy. Magic science.

What are we doing? Street Wall Street Wall Street Wall Street Wall Street Wall Street Wall Street Wall Street Now mying stre Dom Just said or flip a coin. Um, it would have to be a magic coin. but then you could do it. That would be fair.

Like you can't flip any like you have done like there's this is a magic wheel. It's it's the wheel of Destiny This isn't a random wheel I bought up of Amazon for $40 No, that would just be like a normal wheel that would obviously have no predictive ability of the market. that would be crazy for someone to do. This is a magic wheel.

Like you saying you could flip a coin that's is honestly as silly as going to Amazon searching wheel and then buying one that was large and cost about 60 bucks. Um, that that would almost suggest that like it's all made up and Bs anyway and like no, like, obviously it's magic obviously obviously I got that by talking to Harry Potter You guys are crazy You you guys are crazy Microsoft's going for it again was Microsoft Called out on the newsletter a couple weeks ago. 100% 100% you paid $40 for that I could have made it out of literal trash. No, I didn't.

it was gifted to me by the great wizard. Harry Potter You You can't make a magic wheel out of trash like I Just don't That's that's crazy. It would have to be magic trash. That's the only way it would work.

Uh I Want to say I Want to say I want to quit my job and just become a Trader Do Don't don't do that. Don't. The trading life is not the life that people like that social media would have you believe. Uh, same thing with content creation I Want to be a YouTuber No, you don't Most of you you you don't want to be a Trader If you knew what being a Trader was, you wouldn't want to do it.

If you knew what being a content creator is, you wouldn't want to do it. You wouldn't want to be as many as you like. Think you might want to be at your girlfriend's wedding getting beaten up by an Irish guy in a yellow shirt. You don't want to be that like it might sound cool.

On the surface level, it sounds cool. You don't want to do that. Uh, thanks for adding the full frontal Channel and Discord last night great content coming in there. Yeah, like I said and I feel like I should say this to everyone but just to remind everyone in the Discord please understand that those those pictures were rush and it was a cold environment I Just I I know I've said it two to three times already I Just want to say it a fourth or a fifth time.

those initial picture it was cold. That's all I'm saying it was cold. All right. it was it.

It's winter folks in. New York it's not I'm not like in a hot sauna I don't I don't have much to work with here. Not that I have much to work with anyway. but like the little bit I had to work with was definitely it was.

it's cold I'm I'm just saying it's it's November it's December it's cold here. You guys have problems. You guys have big big problems. big big problems.

All right. Uh, what are we doing? What are we doing what? I'm still waiting for 10: A.m. because of that Consumer Confidence report. Consumer confidence comes out at 10: A.m.

I'm not really feeling, um, a particular need to do any more degenerate stuff beyond all those D gen trades that I already did Discord is a place to get the first look at Matt's spreads. That's actually true I'm a confident consumer. How many of you would say you're a confident consumer versus a non-confident consumer like at this point I don't really know what's in the consumer confidence report and like I feel like I've been doing this for too long that I'm now afraid to ask. but I just like what I assume it is is, they have a guy with a clipboard and you like walk into whatever your local grocery store is and they just kind of quiz you of like do you know where the bread is like what aisle and like you either know it or you don't.

Do you know where the milk is? Do you know where the eggs are? Do you know which day of the week we offer some sort of sale on produce? Um I think that's what the consumer confidence report is about of just like how confident are you at using your local grocery store but I'm not sure so you might need to check me on that one. you might want to do like a little bit of ask geves or something I don't know I don't know I'm confident of my $5 in my wallet for hot dogs that that's a good one. I Feel like you could get even more if you go to Costco aren't those still a buck 50? The cost of a 12-pack of spread is too high $9.99 Well you shouldn't be drinking soda anyway. So I think that's I think inflation is actually forcing us to be a bit healthier.

Just stop drinking soda. go drink water. find it out of your like local stream. Uh Matt What's your opinion on the gold rip this am I like gold.

So I don't really I'm not day trading Gold by any means but I'm watching it I actually like it as like a me GC right here. um Gold's looking good. We've been talking about it of breakdown recovery almost looking like a fake out breakout. but really, it's just like a pullback test right off this trend line.

Look at the perfect test off the trend line at 1940. Ripping gold looks good to me. but I I'm not an active Trader of gold I Want to get gold I either Want to get physical gold I Want to put it in my like retirement account? Uh, if you guys know of like a quality way to be like more of a medium to long-term investor, let me know because that's what I'm looking for with gold but also silver too if you look at Silver Futures same thing. silver Breakout looking strong 2547 Gold Silver these uh, precious medals are looking strong in my book.

Um I don't own any at the moment. um Beyond I Don't know if you guys have any like tips or tricks of the best way to get actual uh exposure to this. Reach out to me. Let me know I'm asking you because things are looking good.

How's copper looking copper usually? Nope, that's not the right one copper HG Even copper starting to pick up, it looks like it's lagging a little bit. How's Palladium they don't have Palladium on here. What are how's orange juice looking not? AE I Understand that it's not a precious metal, but it might as well be frozen orange juice yo. Orange juice looking strong looking good? How are lean Hogs looking lean Hogs taking a hit Lean Hogs not looking so good.

Coffee, coffee, coffee, coffee, coffee making a comeback Sugar: I think has been squeezing a bit too sugar Sugar number 11 Yeah Sugar's been rippity skippity dud do everything's more. How about Lumber How are lumber futures looking Lumber Choppy sideways? How about soybeans? Uh soybean? Futures Not really doing anything. Wheat, wheat, wheat, wheat. also not looking the best.

Um so precious metals looking good Sugar's pretty high as well. Orange juice is pretty high as well. Uh, but it those precious medals gold, silver looking pretty freaking good looking good. uh Microsoft does not seem to care about the market Microsoft hitting another new all-time high so short on Hawks Oh man can I look at Dwac? Um Dwac Dwac Dwac Dwac Dwac picking up I guess a bit.

Uh I Don't know any of the recent news on it. Basically remember Dwac It's not technically Truth Social yet. The deal hasn't gone through, so the price action appears to be the increase or decreased odds of this Spack merger going through. So Dwac Digital World Acquisition Corp might be the vessel.

Might be the vessel that brings True Social to the stock market, but also the deal might not happen. so just be careful with it. But obviously L as it goes up. I I Don't know any of the recent news off the top of my head, but it it's probably just in increased odds that the deal will go through.

Uh, how's speaking that how's rum doing for o falling out of the cloud I was looking very much for it to hold this Cloud but getting hit right now Amazon smacked at the trend line Apple below 190, probably pulling back into its Cloud Netflix dude what a beast. What a beast. After this earnings and this rip Netflix not at an all-time high historically I guess got up to 700 but Netflix a beast. uh let's see how Facebook is doing.

Also pulling back, there's recent issues with: Instagram I saw some news on Instagram of uh kids getting served not safe for work content. So Instagram under a little bit of fire Tesla still consolidating. Uh, this is like I said Tesla Paler are two of my most interesting watches right now of the cloud seems to be coming back over. is it going to break out and continue? So I'm watching Tesla for that and then same thing with Paler I like the rip comes back in the cloud I'm looking for it to push back out of the cloud uh Nvidia not holding its trend line looking weak I would say that the next stop is 472.

Uh, just looking a little bit heavy. Maybe as low as 465. Those would be my next watches, but whatever this EMA line is I don't even know. maybe it's the 21 or something.

Um, but 472 would be my next watch on. Nvidia Uh, the fact that they had good earnings pushed to a new high right before that and then the market. It's a Telltale sign that a the market move is over when you get good news and then the stock goes the opposite way. It tells you just that like the engines have been too hot and it needs to breathe and that's what I'm seeing Nvidia Am I going to bet against it? No, because all I've learned historically ever since January of 23 is if you bet against Nvidia you're getting your ass handed to you.

So I'm not going to bet against it. but it feels like this push right here uh late. November is kind of the final push in the short term. In the long term I Still think Nvidia is a massive winner, but the fact that it had a good earnings report made a new high and then couldn't hold I I think in the short term this one it don't feel the best about it.

Don't feel the best about it All right? So uh, we were waiting for the 10: A.m. Consumer Confidence Report. Obviously the 10 A.m. consumer confidence report comes out at 10:00 A.m.

and then after that I'm going to be deciding what I want to do on the day. Yes, yesterday the trades went two for two. Um, the Spy credit spread and the uh Q Credit spread I myself played it through SPX and then that's probably what's going to be happening again. Today is uh I generate a zero DTE signal on most days, not every day.

sometimes there's not enough movement to generate a signal. Um, but the streak is currently at 6 and I think on the month of November we're looking pretty good. So most days two trades have been called out every day and it's only missed on four total trades. So um, all that stuff, it's in the Discord it's in Locals if you are interested in more complex options trading strategies.

Thus far it's been looking pretty pretty good. Uh, consumer confidence numbers come out at 10: A.m. 10: A.m. 10 A.m.

10 A.m. I Believe it when I see this cyber truck with my own eyes apparently being delivered in a couple days. the first round of cyber trucks I think I think the market is under appreciating how many people truly like Elon Um, obviously there's a lot of people that have a negative opinion of them, but it doesn't really how many if you have. If you have a big positive audience and a big negative audience and you're attempting to sell something such as a cyber truck, the fact that you have a big positive a audience like not even considering the big negative audience, you're still probably going to make a lot of sales.

The biggest issue with the Cybertruck is not demand. it's the production of it. Um, apparently it is a much different manufacturing feat than the current existing. Tesla So everything I Read about the Cyber truck is the numbers are going to be small.

but it's because they are. Be there's a choke hold in the actual manufacturing, not in demand. Uh, when is the 10 A.m. report I Don't know I'm going to have to check.

Manatees are sweet. Dolphins are sweet Dolphins Manatees or sweet dolphins or gangster. This is why commas are important. CU When you first read that comment, it says manatees are sweet.

Dolphins are gangster. That doesn't make sense like manatees are sweet. Comma dolphins are gangster. This this is why punctuation matters.

You know, Like are you trying to say manatees are sweet Dolphins Because manatees are not sweet Dolphins If anything, manatees are dolphins who sto hitting the gym two decades ago. That doesn't mean that they're not gangsters, it it just means that they like need to go back to the gym. You know? Anyway, 10:00 A.m. Consumer confidence report coming out.

What is this one? Billionaire backed Coke Network endorses Nikki Haley for president. Uh, so the Warhawk getting a little bit more money consumer confidence numbers coming out I do have the volume on but I bet profit will beat them to it. Profits generally faster than CNBC That's why his name is Profit. It it tracks.

He's the the human embodiment of the wheel of Destiny All right I'm just setting up the lows and the highs of the day type of a deal. Lows and highs of the day? Well must have been a bad report pushing the market higher cuz the initial jolt is is definitely to the upside. CNBC I Guess is just not saying anything right now I have him on. it's live I don't know what were they? Consumer confidence Actual 102 versus expected 101 previous was 102.6 So coming down from last month but slightly higher than expected but overall pretty much at expectation.

Um I Wouldn't be surprised if this just comes back to right where we started cuz like there's just not much of a surprise. It was pretty much morning and welcome to another hour of on the street. I'm Sarah Eisen with David Faber live for you As always from post N of the New York Stock Exchange Carl's On Assignment take a look at stocks here. not a ton of action.

We've seen the bid continu in treasuries yesterday and that's been helpful, but S&P 500 is down just a bit after a little mini sell off yesterday as well. Uh, there's the 10year note yield 4 point just below 4% so you can see how much they've rallied really. as those lower Ys sink in, the two-year yield is lower again today 4.85% 30 minutes here into the trading session, here are three m were watching: Shar Mic Under Pressure I'm Mak The biggest drags right now in the NASDAQ 100. the memory chipmaker raising its first Revenue out but warning of higher operating expenses ahead.

Zscale are reporting an earnings beat, but the stock is dropping as well after leaving its Billings guidance unchanged. We'll talk more about the Cyber stocks later this hour and then watch Boeing getting upgraded to outperform at RBC But I won't sit here. Listen, you tell me how Dolphins aren't in ganger? You lost one more free flow generation Trends next year and for 2025 that more than 20% just G I Miss, Please don't All right Consumer confidence? Uh out. just moments ago, let's get to Rick Santell for us.

Rick Here's our boy: Rick Yes, these are very surprisingly weak numbers for our November Read from the conference board's consumer confidence on the headline. number Uh 101 is what we're expecting and we had 102.0 That doesn't sound so bad, right? Normally I would say that was the weakest since November. However, here's the problem. The problem is that last month was revised to 99.1 That is the weakest since January of 2021 that Rision is pushed the market up sitation.

Remember, we're in the upside down. Bad reports push the market up. So that Rision is why we saw the initial April of 2021, but once again, 138.5 the revision of last mon on. So we're starting to see the groupings of how much weaker the rearview mirror.

all of a sudden is getting to be on Expectations. Well, 77.8 77.8 would be the weakest since May just of this year and in the rear view mirror 72.7 72.7 And that would be of course, the weakest also since May. but it goes to show 75.6 becomes 72.7 This has been a complaint in the market on a lot of revisions. whether it's in the labor side with nonfarm or some of the confidence numbers.

it seems though some of the revisions are rather large Richmond fed these are November reads of course, on activity on manufacturing, minus5 minus five is the weakest since August And if we look at the services side Min - 9. Uh, we're expecting a number around minus1. So - 9 is actually a little bit of an improvement. However, it's still the weakest since last month, which was minus 15.

It represents three consecutive minus signs in a row with respect to what business conditions on the service side are doing, and I would look for yields to potentially reflect this. Of course, we're hovering at the lowest levels since Midt on long duration treasuries Sarah and David Back to you Sarah and David What did you say on Expectations 77 And it was a little bit better than 7.8 right? But the revision from last month become 72.7 and that is the disturbing side of the equation. Got it? Rick Thank you Rick Santelli And and the reason I asked about expectations is because you know we were having this whole conversation with Bob Bani about watch what they do, not what they say. This is a confidence number.

Does it really have any bearing on spending? Well so that's why I made a chart today from Pantheon Macro that looked at consumer expectations. This number that Rick just brought us we don't need list that there's pretty direct correlation. Boring boring boring boring Market Bouncing Not necessarily on the recent news, but the well it is recent news. The revision for last month and that revision was lower as in consumer confidence was lower which is bad.

but bad things for the economy are now good for the stock market because we're fighting inflation. so that has to do with monetary policy. and I'm sure we're going to be getting a big update on that when it comes to the world of Jerome pal speaking this. Friday So we're still in the opening range I marked out the high and the low and I'm just waiting for something to happen.

Obviously Microsoft is strong. Um, we have a lot of equities is not necessarily hitting new alltime Highs but a lot of equity is hitting 52- we highs, especially within the tech sector. Um, so the market is liking what's going on. Obviously the market is a front running mechanism.

It's a prediction of where the economy is going, not necessarily where the economy is at. So when you get these types of reports, obviously the Market's reacting positively because it's an inkling that maybe we are like fighting inflation. Maybe just maybe we could pull off this concept of a quote unquote soft Landing I Still haven't placed any trades myself because I want to see if we break out or break down like I say um I have opinions on what's Happening and not. But really I trade off a price action.

so I need something to happen Beyond a little bit up, a little bit down and then back into the middle I mean we're basically at our opening value uh, spies, a little bit below Q's are a little bit above. patience, patience, patience. Now, before we get into that, uh, obviously we already talked about Apex who is one of the stream sponsors today. The other stream sponsor is MTA Monument Trade ERS Alliance So I'm pinning this in chat right now.

it's also in the description of the video. Um, so when we're in here, it's a lot of degeneracy. It's a lot of day trading. I Do do swing trading I do have a long-term account, but we don't talk about it so much so I was thinking about maybe finding an organization that that is their main form of content and that's obviously MTA So once again, this is pinned to the top of chat.

It's in the description of the video and what you need to know about it is this group is a group of Swing Traders and you can check them out every Monday at 12:00 p.m. ET At :00 you can see what's going on. You can follow the link here, but obviously this upcoming Monday and then I want to show you what they were talking about literally yesterday. So uh, once again this is MTA and they have various things going on.

but what you need to know is at for the point of this a lot of things going on. but look at every Monday noon o'clock at the end of every month. Uh Nate Bear is the head Trader over there unveils the number one stock that he believes will have the largest earnings profit surge. So there's a well-documented phenomena of earnings drift lifting the way of the initial reaction.

So if it's a good earnings, look at Nvidia Look at Netflix When they're good, it continues to be good. Look at Microsoft when it's bad, it continues to be bad. And that's what this particular group is all about. Playing the