Foreign. Thank you Foreign, Hello hello, hello Welcome back to the Matt Core show. Today is Tuesday July 11th and it's just another fun day of trading in the summer. Another fun, fun day where maybe just maybe I'll be able to pull off a miracle today and not lose a lot.

A lot of money on my current position, but we're gonna have to stay tuned for market open in about 30 minutes to see how that one plays out. Now before we get into all that, quick shout out to today's stream sponsor: I'm talking about Public Public.com Mad Cores pinned to the top of chat in the description of the video. The tldr on it is basically you could be earning 5.4 apy backed by the government. It's obviously super flexible.

They'll handle all the laddering and the reinvesting for you. And like I said, it's backed by the government. So in the world of risk, is there some risk? Yeah, but it's one of the least risky things you could do and you're locking in a nice nice payment of 5.4 apy on your money if you want to know any of the information once again pinned to the top of chat in the description of the video public.com Matt course and I'll go through the whole Spiel a little bit closer to Market opening folks I Hope you're having a good one I really really really hope you're having a good one because I am not having a good one I've been on a tear lately, but it seems I'm at the point of giving back some of my recent gains. so it is what it is.

Uh, obviously you want your account to keep going up and up and up. and I was doing hours and hours of research and I guess playbacks and everything on my positions from yesterday and in all reality I'm happy with how I played it I'm happy with my execution I'm happy with my I'm happy with my pyramiding I'm just not so happy with the size of the play I think I should have as I was pyramiding in instead of doing like half unit bets. probably should have been doing quarter unit bets as I was getting into the position and on doing a kind of like just an analytical breakdown of where when things went right and wrong. That's kind of like my major major takeaway.

So folks I hope as I go through this as my public wins my public losses. which this one seems like it's about to be a considerable public loss. I hope you can learn something from it I I Really, really hope you can. And obviously to the people in here who were learning together, we're getting through it together.

Appreciate all of you. So uh yeah, we need to go over my SPX put play and my Tesla put play. Actually, I'm still pretty happy with my Tesla put Play It's the SPX put play that I'm not the most happy with. So anyway, we're going to be getting into that.

But first, we kind of need to get our footing for the day for today. Tuesday July 11th. we need to talk about what's going on in the overall economy, and particularly through the lens of monetary policy. Then we should also have a conversation of what's going on in earnings season because this week is the official start of the newest earnings season.

Basically, you're going to get in major airline Delta on Thursday also with Pepsi and then on Friday we're going to get United, Health Group and a three of the four biggest banks in the world. So this is the start of earnings season. On top of that, we're going to be going over some seasonality. We're also going to be going over the major macroeconomic events you should be paying attention to, such as the CPI report, the PPI report, the consumer sentiment report, and the slew of fed speakers that apparently either rip the market up or send it all the way down to Valhalla itself.

So there's a lot to get into now. I Do want you guys to know in terms of where we are? Well, first of all, in the month, remember that July is a seasonally a very bullish month. As you're about to see today's individual seasonality pretty much neutral. Nothing too bullish or bearish about today individually.

But in terms of the month: July if you, if you're a bull every single July for the past two to three decades, you're making money. but anyway, today individually. kind of neutral and also for this particular year, like outside of the world of seasonality, we don't have too much going on today. there's no major announcements today.

we're not getting major earnings. Today is very much a little bit of the calm be in between you know, eye of the hurricane com before before this storm, in between storms. however you want to refer to it, but it's a little bit of a breather. now.

Is that a guarantee that price action is going to be boring today? Not really. I mean price action was pretty boring yesterday. The first half of the day was kind of interesting. then by the time we got to lunch, it kind of Pumped a little bit and then for the rest of the day just went sideways as you're about to see in overnight training and extended hours training.

a little postmark, a little pre-market the market is up right now. Will it hold? I don't know it's looking strong but also remember I'm biased I have a bunch of puts so I don't want it to hold. So I'm looking for any reason to be like oh no, it might go in my way. so please understand if you're asking me about bullish or bearish for today.

I'm obviously a biased party and I try to be as unbiased as I possibly can. but yeah, no. I'm looking for any little indication that maybe maybe the market Gods above will give me a little bit of a miracle shot here today to potentially get out for Break Even or even just to cut like my current losses in half would be ideal ideal, but we'll see how it all goes. so I hope everyone's having a good one I Hope you had a great evening I Hope you got to hang out with your friends family, maybe you caught some good TV maybe crushed the gym trying to not become a walking bag of mayo like myself and I hope you're ready for today I hope you are absolutely ready to crush it I Think this is uh, maybe we should come up with a good Mantra to save before that boat goes dingy, ding ding ding but maybe it should be something along the lines of like Hey we're going to be disciplined today.

Whatever trading plan is, we're gonna stick to it. No rule breaking, we're gonna crush it. So maybe that's maybe that's the stuff that we we need. um for me last night I Completely forgot about this I watched uh, the newest episode of Righteous Gemstones I Don't know if you guys have seen that show it's on Max Previously known as HBO Max I think the app's now just called Max it's a Danny McBride comedy.

It is one of the funniest shows currently out there. It really really is. if you're looking for something to watch. If you're like dude, I've like ripped through all the TV on all the different apps and I don't know what to watch right now? Uh, watch Righteous Gemstones.

They're in the middle of the third season right now, so two full seasons already out so you could rip through that. Uh, absolutely hilarious. And to anyone in here who's seen it, uh, feel free to share your opinion. but I have a feeling that everyone's going to be laughing about it.

it's it's just so well done, Well written, well acted, absolutely hilarious. Uh, it'll I guess. Give you the chance to laugh at a little bit of religion if that's your thing. so check that out.

Uh, HBO Max is now Max yes some I don't know that I feel like the names remember. at one point point when the app was HBO GO it went from HBO Go to HBO Max announced Max just like a lot of switching back and forth. but hey, that's what it is. So if you're looking for something to watch, that's what I did last night.

Absolutely hilarious. All right, let's take a look you see? So the fact that the market keeps going up makes me want to scream, so that's not cool. But what I find interesting now is the dollar is actually pumping pretty hard too. so we're seeing a little bit of a mismatch of the expected correlation.

So if we let me go to The four hour, you can see that the Dollar's been dying pretty bad. So as the Dollar's dying generically, that's some strength for the overall. Market Remember, there's an inverse correlation, but potentially finding a bottom here around 101 like 70, we'll call it. What is this? Actual low? 101.66 actually 666..

that can't be a good sign. So anyway, I'm watching this. Obviously, as I alluded to before, I'm looking for anything that like gives me a sign like maybe this is going to work out. but as you can see here in the overnight session yesterday, uh, the dollar was just dying.

dying dying, dying dying. We died a little bit more. but now we're kind of coming back up to at least where things closed out yesterday. So definitely watching the dollar.

obviously watching Tesla more on that in a second. But basically there's a downside Gap fill to 264.45 So I'm looking just to take my profits there. I do currently have Tesla puts, but overall we see some of these major stocks such as Apple ripping and Microsoft's been ripping. and actually I have an update on you for Microsoft which just announced they are laying off an additional 10 000 workers.

so we have some individual Equity company news. To get into some overall market news, we'll do some chart breakdown that's pretty much the skinny on the morning. I Hope you're all cool with that. Stock features are little change as Traders look ahead to key inflation data.

Now if you look in the pre-market yeah, we're going up a little bit. It's on extremely low volume I Never really like to judge what the day is about to do based on pre-market action I Know a lot of people do. It's basically just recency biased people. Look at what the Market's been doing and then they're like, okay I think that'll continue for the entire trading day.

Mathematically, statistically, that is not a good way to do it if you look at the strength and or weakness in the pre-market section session. Excuse me. It has about a 50 accuracy of predicting what's going to happen in the normal trading day or another way way to interpret that is there's no correlation between pre-market weakness and or strength and normal. Training Day weakness and or strength.

There's the correlation just does not exist. So right now the Market's up. Obviously that might mean that the Market's green today. but also we've seen it before where things Gap up and it's just a brutal sell-off so obviously time will tell, but things are slightly up.

Mortgage rates in Britain hit a 15-year high with many fearful there's more misery to come. So I just wanted to share this. Obviously it came out early this morning for us, but we're seeing this also reflected here in the U.S So a lot of the things that are happening in our economy are actually kind of. on course on par with the global economy, so just sharing a little bit of international real estate.

Pal haunted by repo crisis as Fed aims to cut Balanchi Pal told Congress he aims to avert QT issues seen last time. Quantitative tightening in 2019 caused a shortfall in reserve. So remember when we were all locked up in 2020, the market in February to March sold off. It was a brutal sell-off and then it was a hardcore V-shaped recovery that was not a quote-unquote natural market, economic fundamental based recovery.

The reason we recovered so hard and actually pushed a new all-time high in 2020 is because of quantitative easing. By the time they were all done with quantitative easing, they were buying a 120 billion a month. so the Fed was at their money printer. just print print print print, buying everything up.

And obviously when that much money is flooding into the economy, that's what happens. like. and that's why we heard all those stories of like the rich are becoming even richer, We're hitting an all-time high. Stocks are ripping, blah blah blah and then at the start of 2021, that's when they're like, hey, maybe we should hit the brakes on this whole quantitative easing thing and then a couple months after that they actually started quantitative tightening.

So basically when you balloon your balance sheet and when I say you I'm referring to you as if you were a federal like reserve member, like a voting member. Especially So anyway, quantitative Easing absolutely ballooning the balance sheet because they're by and buying by and buying. Bye bye. Well, obviously eventually you have to fix that.

You have to run off the balance sheet, You have to let things fall off or you have to do the exact opposite. Instead of buying, buying, buying, you could do selling, selling selling. They do have a couple ways to handle this in QT. Like like I said, some can just mature and fall off your balance sheet.

Or you could literally just instead of doing the buying, do the actual selling. Anyway, that's the overall idea for quantitative typing. And obviously, look at what happened in 2020 versus 2021. When you're with the FED as in bullish and they're doing quantitative easing.

The market rips when you're like kind of with the FED in a bearish sense and doing quantitative of tightening, well, look at 2021 like we sold off I Think what we lost 16, 17, 18. That's how the Spy performed. It was a loss of that on the year. So this is a little bit of I don't know a mini history lesson of things, how they've been playing out so in real time right now as I'm filming this speaking with all of you, Yes, quantitative tightening is still going on and we still have a hawkish Fed with respect to monetary policy.

More specifically, it looks as if the FED fund rate is still going up. We're currently at five percent, but most likely by the end of July, we're going to be at 5.25 going up another 0.25 AKA 25 bips. And the reason for that is sum of Inflation is still proving to be sticky. What do I mean by that? Well, inflation.

Yeah, headline inflation is coming down quite a bit. A year ago was at 9.1 This time around, we're looking in the low threes, but if you look at core CPI when you take out food and energy, it's still at five percent and it's just been kind of coasting there. so we're definitely seeing stickiness in certain sectors such as what's going on in housing real estate. those prices not coming down as much as the FED wants to see it now.

Obviously, there's other things going on. Unemployment's still really, really low 3.5 3.6 3.7 percent five decade low. and we know that the Fed's attempting to get this back up. Uh, not back up.

It's not like their whole goal it's going to end up being a side effect, but they're trying to get unemployment rate up by one percent around 4.5 And on top of that, we're always hearing commentary on the strength of the labor market. and right now I believe it's 1.6 1.7 job openings per person looking for a job with roughly roughly 62 63 labor force participation rate. So obviously the labor market is absurdly strong right now. absurdly strong My apologies.

Honestly I Fully understand I Fully fully understand why Kelly Ripa never invites me on the show. she just doesn't want Sneezy mixed sneezers and talking to her. We're going to be there making some sort of bit about life and how jolly and basically how it's just a a bundle of Jubilee And then there I am just sneezing, ruining the whole thing, ruining Arosho and potentially her career. and then if I ruin her career, it might spill over into her marriage.

and then if they get a divorce and like I just don't want to be that guy I don't want to be that guy who potentially blows up her entire life simply because I couldn't hold in a sneeze. So I get it. I Don't blame her and I don't think you guys should blame her either. If anything, you should implore me to become a better me.

just be like hey, hey, Matt just stop sneezing. But anyway, obviously I digress a little bit. I Want to talk about pal right here. this lightning cycle and we've seen the pause or the escape and probably that's what it was if we get a hike this month.

But you're alerting us to the need to keep an eye on what's going on with quantitative tightening. So what happens with the balance sheets as well? Over at the FED what's called your eye recently on that front? Well, Anna I Think the really interesting thing about this is that a lot of people were expecting this process to be like paint drying in the background. You know it's just kind of. uh, it will keep on doing its thing independently, won't have much of a market impact that does not seem to be the case.

I mean Jerome Powell Seems quite worried that we might see a repeat of some of the terminal that we saw in 2021. We're Plumbing in the market seized up and suddenly there was a liquidity crunch that's really not something that you want to be introducing, especially at a high 10 period of kind of risk off sentiment and Jitters in the market. and that's something that they're trying to kind of implement now, but definitely bumps into road ahead for that process. All right, gives you a little bit of an idea and in all reality, this came out yesterday.

It is like as of right now, before the market is actually officially open for the day. It's kind of a slow day as of now now. Obviously things can change on a moment's notice, but as of now things are very, very quiet. Microsoft confirms more job cuts on top of the 10 000 layoffs announced in January Microsoft is slimming down its Salesforce The new layouts are separate from the 10 000 job Cuts Microsoft Announced in January Sales people and customer success Representatives Posted messages on social networks to announce they lost their jobs.

So the I guess game in 2023 to get your stock to go back up is Fire People and announce that you're somehow using or integrating your business with AI And that's exactly what we've been seeing A handful of these companies do and it's causing the stock to literally just rip from the bottom left, to the top right. So if you're watching Microsoft right now, Uh, even though it's kind of sad because people are losing their jobs historically, this year when they announce this kind of stuff, it actually has received pretty bullishly in the market. All right. I Need you to know that for today, there's not really much going on Tuesday January 11th.

Uh, the Nfib Optimism index it already came out came in a little bit higher than expected. Now the party really gets going tomorrow. an hour before the Market opens. We get the CPI report.

Last time around, it was four percent. This time they're actually expecting it to drop all the way to 3.1 So they're expecting inflation to come down down. now. Remember, our goal is two percent.

and if you believe the FED they're saying we probably won't get that till the end of 2024. So a year and a half from now and that's the headline and that's good. But remember, part of the issue is this core CPI not coming down that much. Last time was 5.3 This time they're expecting five.

This is the inflation reading. When you take out food and energy, it's proving to be very, very sticky. Obviously, we get the beige book at 2PM. This is going to be more of a qualitative Outlook at the economy opposed to quantitative.

They give us both so that comes out at 2 p.m tomorrow and we just have a slew of Fed speakers speaking this week. Eight in total, none today, but two going on. Wednesday. Then on Thursday we get the PPI report, another inflation report, another Fed speaker, and then on Friday we get the consumer Sentiment report.

So in terms of macroeconomic announcements, reports things that cause the market to go Haywire The week's gonna be a busy one and on top of it, it is the start of earnings season. On Thursday before the Market opens, we get Delta and Pepsi and then on Friday before the Market opens, we get cities. So Citibank Wells Fargo JPMorgan three of the biggest banks. We also get the biggest health insurance provider United Health Group And then obviously BlackRock is a big player as well.

This is the start of earning season. So the next three, four, five weeks are going like we're gonna have big announcements. I Believe the real real Showdown Like that week when you get like apple and Microsoft and Google all those together I believe that's in two weeks from here. Uh, so just want you to know about that.

All right for today Individually: Tuesday July 11th I Need you to know that from a seasonal perspective this individual day the Bulls win it two-thirds of the time. but when they win it, it's small. and when the Bears win the other one third of the time, it seems to be a bit larger. So that's why the profit factors below one coming in at 0.85 So today, pretty much a neutral day.

not strongly bullish, not strongly bearish. So I don't think seasonality is really giving us any indication of how we should be mentally. I Guess biased on the day. Now the five things you should know at least according to mainstream Financial media before that Bell goes ding ding ding ding today.

Tuesday It's a waiting game as when we're waiting for the inflation report, the inflation report, the consumer sentiment index, and also the start of earnings. So we're just kind of waiting around today. NATO Set to grow again. So this is all about Sweden joining.

So Turkey dropped its opposition to it. that was yesterday, so this could have implications on pissing off Russia So maybe something to pay attention to HCA Healthcare suffers data breach. A lot of people's patience. data was stolen currently I think being auctioned off by the hacking group right now.

It was a little bit what I was reading, so not a good scenario there. Apple jumps on WeChat Apple This is actually going to really probably improve their bottom line. Uh, but just launch an online store on WeChat to sell Labs there. so probably gonna really help.

This is a strange turn of events. PGA Tour Defense Live Golf Deal So the exact same organization that basically said live is the devil and it's backed by actual blood money and we want nothing to do with them In any PGA player who goes to live is dead to us. Well, we now know they're merging and on top of that, they're actually defending it in front of the Senate today. So that took some wild wild turns.

PGA Tour Defense Live Golf deal ahead of Senate Hearing defending its proposed deal with Live ahead of Tuesday's Senate Here, hearing the future of the PGA Tour is significantly brighter thanks to our agreement. I Mean it's just talk about having no morals and like posturing one way and then doing the exact opposite thing. That's exactly what went down with PGA And Live. Absolutely Insane.

Truly truly truly Insane. All right. Market Strong Ever since lunchtime yesterday. I Mean from lunch yesterday, we went from 43760 to the high this morning almost 441, 440 90.

it's crazy. The market. uh, quite a bit of strength. Will it hold? I Have absolutely no do idea I Have no idea I have absolutely no idea I Want it I Want it to die I I Hope the Spy hits 4 35 today.

Is that likely? No, it's not likely, especially because we don't necessarily have a catalyst that could come out and just like some big announcement, you never know when random stuff like that comes out. maybe there, but there's no, like pre-planned things. So if I really had to guess for today, I'd be probably more so thinking that there's going to be Randomness and chop maybe another horrible broadening pattern like we saw yesterday when you have higher highs and lower lows and everyone's getting whipsawed and you end up Revenge training and you get angry and you play with too much size. That would be kind of my assumption, but we'll see how it goes.

Um I I've noticed a phenomena after speaking like actually doing this like well actually here. I'll start a poll right now: I Think a lot of people end up voting like if I ask you for the market today and who knows maybe you have good good reason of like why you think it might be bullish. but I think a lot of people end up just voting with recency buyers of whatever they see going on in pre-market It seems to be like that's the highest correlation of how you guys vote is, uh, whatever goes on in pre-market you think that it's going to continue and that's a good methodology half the time. That's what the odds of the situation suggests that it does work about 50 percent of the time, but we'll see, We'll see how you guys are going to vote today.

Today might be a little bit weird because like now, me, the researcher I just explained all of that and now you might be like, well, I'm going to vote the opposite because Matt just told me that we all vote with free market I Feel like I already tainted today's study because of the fact that I was talking about it Or you're like, nope, I'm gonna vote that way just because that's how I Vote or I Don't know who knows how you guys end up picking whether you're bullish or bearish, but we'll see how it goes spy to yesterday's low Coco The dog if that happens I'll kiss you man I'll kiss you man I Hope it happens. Uh, but time will tell one of the major things I'm paying attention to. Okay, first of all, with the dollar, uh, above 440 right now in pre-market there is a gap up. So obviously I'm gonna call out this downside: Gap Fill to all of you.

Downside: Gap Bill to yesterday's high of 43984 Calling that trade out right now before the Market opens the Bell doesn't go dignity ding ding ding for nine more minutes. This is a very valid play. Downside: Capital To four, three, nine, eight, four Downside: Gap fill basically two yesterday's low and I'll set an alert so we know if that actually gets hit. Now, if we somehow manage to hold up here especially above 440, I'm once again then just watching 442.

those that would be my upside Target followed by 442 64 the high from Friday those would be my two upside targets. If We Hold Above 440, 440 50 Something like that. Now on the downside, if we end up bouncing off of 439.84 Okay, that might just be a reversion, but if we break through it, then I'm watching the low from two days, Uh, two trading days ago at Four Three Eight Thirty, which also happened to be a massive Battleground from yesterday. Now, if that ends up not being held, Uh, here.

let me actually update some of this stuff for, uh, all of us foreign. If Four Three Eight Thirty, if we get there and it doesn't hold, then I'll be watching yesterday's low at 437.60 which I would love to see today. now. Am I feeling confident that that's going to be hitting today? No, no, I'm not confident.

In fact, I'm very much not happy about my position, but that's just where we're at. Uh, might get a gaffle, but not in the first half hour? I don't know when I mean uh I I There might be a way to do to model that be like when does the gap feel commonly happen but I've just gone down to the odds of it happening the next day, not particularly within the first half hour. so I wouldn't be able to like fairly comment on the time within the day? that it happens? Um, I'm sure someone out there has that information I Just don't have it memorized or committed to my memory. Uh, by any means.

So part of the reason for the Spy strength is because the Dollar's been so incredibly weak. This might be your classic liquidity grab like kind of overextended shoot from 102.. So if the dollar bends back around I'd be like, all right, Maybe we should be a bit bearish on the Spy but if the dollar continues to vomit I think that would actually bolster the Bulls case. Um, so just want to put that out because it also has a deep connection to what's going on in the NASDAQ.

If you missed the update video from yesterday, we know that we're gonna find out the new balancing for the the NASDAQ this Friday and then the balancing will actually I believe occur the week after. maybe a week and a half after. But overall it the structure right now looking very, very similar to the Spy Huge Wick Down huge, Wick Up huge Wick down. When you're seeing Wick and Wick and Wick and it's going back and forth, you just know people are getting whipsawed out of their positions and probably pretty brutally so.

Definitely watch this to see if we successfully get above and close above. or get below and close below one of these recent Wicks Obviously, that would be a strong sign of that Direction's continuation, but time will tell to know which way it was going to go If I could tell you right now where this was all going. Dude I would do it I would tell you I would share it with the Glee but no one on this planet knows. especially when we know we're coming into a CPI report, a PPI report, consumer sentiment report, the start of earnings, and obviously all the other geopolitical Global turmoil that goes on.

All right, let's take a look at the biggest stock in the market. There is an upside Gap fill on Apple to 190 24. this might be just a trend line bounce I'm almost like afraid to be betting against Apple because all this company does is Rip and Rip and Rip. So there is an upside gap on Apple to 190 24..

on the flip side though, if it goes below 187, yesterday's low. Maybe this is like the first sign of it actually taking a breather because all this ticker has done is Rip and Rip and Rip Microsoft Showing a little bit more weakness. It ripped, but now it's just been going sideways. So I don't really not really weakness, but it's just been neutral.

After this rip, we didn't die off, it just just kind of rained down between. we'll call it like 343 and 3 29 ish so you could either wait for the breakout of the consolidation zone or the breakdown, but just kind of a waiting game right now on Microsoft With respect to Nvidia, it's right at its trend line as I called out yesterday. If this goes below 4 13, 50, especially if it closes below it I would probably be interested in getting some puts some like medium dated puts because maybe maybe we finally have one of the first lower highs in a while higher high higher high. But on this breakdown with the confirmation being at 401, yeah, this is going to give it back eventually.

It's just a question of when Netflix has been relatively strong and I kind of agree with it, especially with the change in its whole password sharing thing. It really I think in my eyes just means more revenue for the company so it pulled back pop back up going sideways. look for the break of 450 or the breakdown of 430 but obviously Netflix has been very very strong in Tesla Uh, we popped. We saw some diversions whether you're looking at the RSI or the Macd.

We made a higher high without the technicals showing that as well. so a little bit of bearish. Divergence I'm looking to play this downside gaffle to 264.45 We were incredibly close yesterday we had 265 10 so we were off by about 65 cents. Exactly 65 cents.

So I'm looking to take my profits on my Tesla puts here I Hope it happens we are seeing relative to the spine to the cues. Tesla's showing more weakness in the post and pre-market action. So maybe maybe I'm gonna get lucky today. but I do still have those Tesla puts and I'm looking for this downside gaffle to 264.45 Oil recently has been strong holding just below 74..

if it can actually get this breakout then I'd be watching obviously 75 and some change. 75 75 a about is where I would be watching, but huge consolidation zone for oil looking for the bounce out of that which will obviously benefit benefit names such as what's going on with X Exxon you could look at Chevron you could look at Oxy I'm particularly in Oxy right now I just loaded up with my boy Warren Buffett but we'll see how this goes. I'm basically looking for this trendline breakout. hopefully come sooner rather than later, so that's pretty much the setup for today.

I still have my SPX puts I still have my Tesla puts I'm more happy with the Tesla position I'm particularly unhappy with the SPX position and it's just that midday bump yesterday. it really screwed me over and then things got really bad right as we went in to close. But who knows, maybe I'll just get lucky today now before the Bell goes dingety ding ding ding. Couple things.

First of all, if you guys could help me out destroy the like button, helps out with the algorithm on YouTube help us out with a battle leaderboard over on Rumble So if you're watching right now now and if you enjoyed this, it would be, it would mean a lot to me. If you guys could just destroy the like button, it would be much much appreciated. And don't forget to subscribe. If you like talking about the hottest news in the economy, what's going on the Stock market, Cryptos, futures options, all that stuff, this is a place for you to be.

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Dignity ding ding ding. The casino is open and apparently we already lagging hardcore this morning, which is never particularly a good sign. Uh, but I would absolutely love it if things could just collapse. If things could just collapse, you know, if this Market could just take a a nice Swift dive downward.

Uh, that would make me really happy. and in fact, things are probably so bad right now. I Don't even particularly fail like checking my account here, but we'll see how this all ends up going. as it normally goes here.

We or I you could do whatever you want. it's your money. but I will be kind of just sitting on my hands for the first 10 15, 20, 30 minutes I mean I really? I kind of I Feel like some of my best trades are actually made after 10 a.m not particularly just guessing right out of the gate. Sometimes you miss out on good moves.

that's gonna happen if you are more disciplined with like your weight period. Uh, yeah, you're gonna miss out on some moves. but sometimes it saves you for making really, really stupid moves. And remember, this is a lesson that I'm experiencing in real time with all of you right now.

Sometimes it is much better to focus on Capital preservation than Capital Growth as in a bigger focus on your risk rather than your potential reward. Um, I Think that's a Core lesson that probably we all need to be reminded about every single day. so the cues the tech sector evidently more weak than then the S P 500 right now. So we see a little bit of weakness here in Tesla out of the gate.

A little bit of weakness in Microsoft Apple not opening with the most strength. So then that brings up the question: Where is the Spy finding its strength? The financial sector actually looking pretty good, the energy sector looking pretty good, utility sector looking pretty good. The what is this one Healthcare looking pretty good. So pretty much every sector right now is looking good, but the tech sector.

But remember, if you look at the list of the biggest companies in the world, it's kind of dominated by those major Tech players. So the Spy that's the reason why the Spy is looking better than the cues. Right now, you're seeing some of the biggest players in the queues and really the top three are Apple Microsoft and Nvidia those are the top three players in the queues. This is why you're seeing weakness in the queues and the reason the Spy like yeah, obviously those ones are in the Spy but spies actually kind of pushing up because if you look at financial sector looking strong, energy sector looking strong, utility sector looking strong and if you're looking at this out of the gate, you're looking at the healthcare sector also behaving in a strong manner.

So that's why we're seeing currently a Divergence in the two. Um, I think that they're going to come into I know lockstep. Probably sooner rather than later but might take might take a little bit of time. Let's throw up Tesla up here.

I Would I Basically want the spider vomit and I want Tesla to vomit but it looks like we're opening with some strength so I get I'm definitely fighting against the grain right now unfortunately unfortunately unfortunately. uh Happy 24 months Thanks for all you do and all the time and effort you put into this many people. Think what you do is easy. it is not.

You are killing it PS hope you picked up some Envx shout out Camille you've been here forever man! always. always bring in the Good Vibes thank you thank you thank you um I I Truly truly appreciate it Emvx Unfortunately I was a little late to the party I was a little little late to the party on it. uh I know I it kind of came onto my radar after talking with Mark Coho just about it and at that point it was already kind of pumping. I was like well, if there's like a bit of a pullback I'll look at it I'll see what's going on and then it was like kind of already gone so I didn't want to trace it like I'm trying to get better.

um about chasing but it it's just not going in my favor. Dude spy is ripping my face off right now. Oh geez I don't even I accidentally just looked at my account I should have never done that I should have never done that. Ah, why did I look at my account? can I don't know? Can some of you guys like I think I give you confirmation bias like I think it's time that you guys give me confirmation bias and just be like yo Matt like it's gonna, don't worry about it.

This is all fake markets being manipulated up through light pools right now and it's just a matter of time before it's manipulated down through dark pools like I just uh I need I need some bias in here? You guys need to be like nope, this pump's fake. It's a giant bull trap. Don't you worry? don't you worry I just need some of that sweet sweet confirmation bias. Do you know? Also, be sick is if you guys could you know 250 of you could be nice and destroy the like button on YouTube to get us to that 500 goal just so I don't have to remind you about it for the rest of the day.

we're clocking in at 2.3 K on Rumble Right now, you guys could easily get this up to 500 likes. That's the current goal. 500 likes on Rumble 500 likes on YouTube I Feel like that's honestly the only thing in between my account getting destroyed today and actually making money. We just need some sort of like huge public support.

Huge public support sorry Matt I Got calls honestly very much it looks like calls were the right thing. I I can't even complain like I can't even be like oh, but you're not looking at this or that or the other thing. um, the lunchtime action. It We saw a break above an order block.

We saw a continuation. we saw consolidation, Then we saw a pump at the end of the day. Dude, it's I you made the right play. You really really did.

You should double down on the position. See that's my issues. like I already like tripled or quadrupled down which was not good. So my whole idea was I'll pyramid in with two half size beds bringing me to my full-size position.

So I did a half size bed and a half size bed. and then when things started to turn around 1 30 yesterday I'm like oh man, this is like a really good opportunity. So now I'm at a 1.5 unit bet and then I just got flustered and I did another half unit bet. So basically I'm 2x the size I should have been because instead of pyramiding in with four quarter size beds, I pyramid it in with four half size bets.

and if I were to do like an analysis of the trade and where it went wrong, that was it. That was it. That was it. Um, so um, I don't mind the trade itself I mind the size of the trade.

Uh, all of my individual scaling in trades should have been half the size that they were. So that's the major lesson. I Learned the major major lesson I Learned but I don't know I Knew my hot streak needed to come to a pause soon and so I'm basically the money I gave back or the money I made on Friday what did I make on Friday 23k I'm basically giving that back right now. so uh, obviously the accounts still up over the from the end of June till now I Mean at one point it was up almost over six figures or it was up over six figures.

So um, we're given some of it back right now. Unfortunately, unless a miracle happens today. but it I mean everything's too strong like the Market's just way too strong right now. Uh, come on.

Matt Wu-Tang warned you of this. You gotta protect your neck I should have I should have protected my neck and I just was not trading defensively at all I was trading actually hyper aggressively. Um, what is this? Don't worry about all the crime candles on the market Maddie it's gonna be okay buddy I Appreciate that I appreciate it I'll appreciate it. We're gonna get through this together Dude, this spy is just not chilling like at all.

Higher highs, higher lows it is. If you have calls I see no reason to get out because it is crushing it for you I mean look at that. everything's going your way. The dollar.

Well actually the dollar is now turning well just on the one minute. So I guess the dollar. hasn't been going your way from 9 34 until now. But it doesn't matter.

You're getting higher highs, higher lows. The tech sector is following. We already saw the strength in the financial sector. We saw the strength in the energy sector.

We saw the strength in the utility sector and we saw the strength in the healthcare sector. What? I mean you'd almost have to be a crazy person to bet against this right now like you? You really would. Um, remember, no macroeconomic reports today. Is this a brutal liquidity grab right here? Brutal on the Tech sector? Oh brother, oh brother that was in the whenever you hear that O Brother thing.

That's the sound that I have for my Futures account. Um, the way we've been seeing a lot of these liquidity grabs. I wanted to play one. Um, so this is like a new style of a trade.

but basically I want just because we've been seeing so many of them. Uh, this was the breakout above yesterday's high on the cues. um three, six, seven, oh five. I Just feel like we've been seeing a lot of these fake outs.

So basically it popped up and it got smashed. Um so I wish I got in right away on the smash of this liquidity grab. I was a little late I got in here but that was in the futures. Um so I want to start playing these if we're seeing liquidity grabs.

all of the time. Why would I not do it? Why would I not take advantage of that? Um so I did that in the NASDAQ futures NASDAQ the NQ contract and actually not a bad deal. Oops, not a bad deal by any means. Uh uh here.

I'll show you it's already up. Uh, Five Five, Sixty Six hundred here I'm just gonna put a Target at I'm gonna put a Target at 2K Um so I have a risk of 660. the position is already up like you heard it here. I'll go to the one minute so you can see how like this is super leveraged.

Like if you think trading zero Dtes is for degenerates. Futures Trading is the next level of degeneracy. Uh, but you could see I got in right here at 9 41. I got him short at 15 194 and it's now at Fifteen One Five Five.

I'm already up 800. it's super leverage, super degenerate, like probably unhealthily degenerate Um, but um, actually, at this point should I just move my stop to break even and just risk no money? That's probably the smart way to do it if I'm focusing on being a smarter Trader there I've moved my stop to ensuring I make five dollars to ensuring I at least pay for commission. So this trade I'm either making five bucks or making 2K Uh, I Guess I could get out somewhere in the middle. but when I feel like when I go up this much this quickly, it'd be a little silly to like risk losing that money.

or at least maybe it's one thing to lose the profits, but it feels like a completely different thing to give to go negative on it. So if I give back the profits obviously I don't want that to happen. but hey, maybe that just does have to happen because like, it's not like it came down that far. but it does seem silly to lose money.

so no matter what, I'm I'm making five bucks making five bucks. and hey, five dollars can get you a good sandwich. could get you it could get you a good sandwich. All right.

The Spy came back to it's yesterday's high so now I'm almost a little worried about the opposite happening. You know how we just saw this. this liquidity grab. Well this like the almost like a buy side liquidity to grab? Well this can now be a sell side because we just whipped below this and they might bounce it out.

So that's what I'm going to be watching? Definitely what I'm going to be watching I Want the dollar to keep ripping I Definitely want the dollar to keep ripping. We'll see, We'll see, we'll see, we'll see. Um Apple Has Apple been strong? No, Apple's showing some weakness Microsoft some weakness, but Apple's been more weak on the intraday. Nvidia is actually one of the few green things Nvidia just made a fresh intraday low though.

Tesla's up here I'm in that play. oil oil is coming down a little bit. so is it the financial sector. that's financial sector now showing a bit of weakness.

energy sector kind of neutral. Healthcare is strong. Um, so that's XLV and the major player in that is UNH UNH United Health Group This is actually one of my core Holdings in my long-term investment account just because it's Healthcare and I don't really see how it can lose unless there's major political shift within the Us. But I don't think that's going to happen because at the healthcare industry, there's simply too many trillions of dollars behind it that I don't think there's going to be any meaningful change, so that's one risk.

But UNH it's the biggest Healthcare play in the U.S it pays a different, decent dividend and the Stock's actually trending to the upside. So not um, only am I getting the stock growth, but I'm getting a decent dividend payment. so unh uh. it's just a core position core position in my retirement account.

but it's going to have the most impact on XLV So that's the healthcare sector XLE Energy is now popping Tesla turning around a little bit whereas Apple I Want Apple to just keep dying all right I Need this? Um, I'm worried about this the opposite of what we saw on the queues. I'm worried about that happening in the Spy right here this quick Wick down. Seems like people intentionally were trying to buy at yesterday's high so not the biggest fan of that. not the biggest fan of that I Just need it to crack through.

Come on. Crack through crack through crack through crack through. Come on cues, Come on cues. The Futures positions up 550 right now 600.

It's actually moving very, very quickly. This is I mean I like I mean I'm a degenerate I mean I really enjoy trading Futures and if you guys, uh, we should probably I should probably make some videos like Standalone Evergreen videos of like what is a Futures Contract how do you trade Futures because I think sometimes I talk about it too casually and I know a lot of people don't trade futures. Um, so that's probably something I should put some effort into of like when do you roll your contract What is a Futures Contract Is it the same as an options contract and the answer to that is no. There's some similarities, but some differences.

How much money do you need to do it? Uh, do you need more or less and blah blah blah I should probably make some good Futures videos. uh I'm biased towards them because there's no pattern day trading and they're super super leverage so a little bit of a move. One contract a little bit in my favor made me 500 so they're super leveraged so for my like personality type and like what I enjoy doing in the market um, you could trade, you could Scout because there's no pattern day trading I mean this account is like a two thousand dollar account and I can trade as many times as I want. Um and really the only reason I got into it originally was back when I needed data to start creating some of my trading strategies like obviously you need to do some sort of data scraping um it was way more expensive.

the most expensive was options uh and then then equities and then I was able to get futures for free so I was like well I guess I'll become a Futures Trader because I can get the data related to futures for free and I was a broke college kid so it that definitely was enticing. Definitely was enticing. Uh, come on I want this breakdown so incredibly bad. Alert: Okay Apple I need Apple to crack I would love for Tesla to crack.

it's just the Spy it's finding strength elsewhere is it? uh JPM bouncing a little Bank of America City Wells Fargo I mean Jpm's finding a bit of a bid but like nothing too crazy. Uh UNH Healthcare is looking nice today. You could probably watch you in age. uh what else? energy.

So let's check out Exxon maybe bouncing a little bit CVX bouncing a little bit. Oxy Oxy's looking good today, Oxy. So in terms of strength of big companies, Oxy seems to be pretty strong in you. in ancient or like once again, I'm referring to large large companies.

Uh Jeffrey Curtis Can anyone see me? Jeffrey I can see you Matt Could you explain how to open a Futures account? Yeah, a lot of times when you're signing up for a particular brokerage, you just have to select Futures Like I know on things like interactive brokers and tradestation it says do you want an equity account, equity and options, just options Futures Futures and equities. Like most of the time it's at like these good brokerages, you're not going to be able to trade Futures on ship brokerages like Robin Hood or Weeble they don't really like. it's not really retail oriented like that. but I'm legitimate Brokers Once again, interactive brokers.

uh, think or swim like trade station like true actual good brokerages. they're gonna allow you. you just select it. Uh, you're not live on Kick Uh yeah.

So I noticed that with Kik they have certain streaming requirements that, uh, force me to bring down the quality of the stream. So right now if you guys noticed the stream today, there's a higher option on both Rumble and YouTube that I did that because I'm not on Kick when you're on Kick they force you to stream at a lower quality. They can't handle a higher quality. Um so I don't know and like it's not like the kick audience was that big.

but I need to figure something else out. Um, it was kind of frustrating me because I know a lot of streams like there's not much of a difference if you're at like 1080P or 4K but I feel like when there's a bunch of little numbers and letters on my screen? it might be a little bit more important to have higher quality. So that was my thought and I didn't. Um, that was my thought.

Yeah, they have a low bit rate just like the overall quality of streaming on Kik Right now, they don't let you really maximize things which I was like, well, that's not the best so it's a low bit rate, a low keyframe rate um, and a low just like overall quality. Um I see some people talking about SOS what is this? I recognize the name I forget. Definitely seems to be a pump and dumb. definitely a pump and dump.

obviously pumping up. It still shocks me when people like, can't like, just evidently see what a pump and dump is. Now remember this is a pump and dump, but that doesn't mean it's gonna dump instantaneously. Pumps can go on for a while.

We've seen that occur in the past, so like just because I'm calling this a pump and dump does not mean I think it's going to fall today? It could fall today. I Don't know, but like I just I'm not really in the mood to play those right now. Gns. uh, pump and Dump uh Mullen Another pump and Dump.

Did Mullen already get crushed on this daily? Yeah, it goes up one day and people get excited and it's already getting crushed. Gns is continuing to die like a horrible, horrible, horrible death. What's uh, Gtii was another one that were trying to pump this one. Another one.

that is just it's obvious trash. It's absolute trash. And I don't know how people are getting tricked into getting these. PayPal what's going on with PayPal What's going on with PayPal Looks good trying to get a breakout? try to get a breakout.

There is an upside Gap bill on PayPal to 74.92 I'm a little bit hesitant about that and that's just because with um, like within this year in the past six months, we'll call it uh PayPal is pissed off a lot of their clientele, a lot of their clientele so I'd be a little bit worried about holding that for like any serious amount of time because remember they were trying to like like with false information like they got really political out of nowhere and then they were gonna saying that they were going to start finding people 2 or 2.5 k it like for misinformation. Uh it it was I guess just be careful with that is all. I'm saying the the chart looks good I fully admit yeah I'm seeing some strength in the chart I Agree with you. Like not disagreeing with the bullish momentum.

Um, but I'd be hesitant to think about how long the bullish momentum is going to continue when the public sentiment meant surrounding PayPal is negative. Matt You have to understand that it's risk on so everything that's on the ground will pump next. Enjoy the fast gains. Well, that's not a real way to trade, you're you're saying that every Equity that's on the ground will pump like you're You're literally just saying something with no actual backing.

A lot of these like penny stocks or stocks that are a dollar to they're there for a good reason. It's because they are poor companies. Um, like poorly run companies and probably financially poor companies. So like maybe yes, there are Diamonds in the Rough because you hear these stories of like oh, I got this stock at a dollar and it ripped and blah blah blah but there's over.

Like there's tens of thousands of different tickers. So at a certain point if you think you found a random one that no one else has realized the value of and then that ends up taking off and you found that unicorn. Is it possible? Yes, it's obviously possible. Is it in any way likely? No, no no no no no no no no no no.

Um. so for me, like when I just look at the odds of the scenario, it's just easier to kind of avoid those. I mean trading Futures isn't a real way to trade either. What do you mean? it's not a real way to trade.

You realize that there's people who exclusively trade Futures and that's their living. I Mean trading features isn't a real way to trade either. I I Don't even know what that means. The Futures Market is a far more liquid Market than the equities.

Market When people talk about where big money goes, yes, big money does go into the equities Market but far more money goes into the bond market in the Futures Market Um, so to like I Guess my question to you is what do you mean I Mean trading isn't I Mean trading Futures isn't a real way to trade either. I I Honestly don't even know what that means. When there's more money in it, it's more liquid. People many, many people make their whole life out of that.

Have a handful of weekly calls in. Roku What's a good exit? So if I were playing Roku right now which I'm not. Whoa. Nice momentum obviously I'm just gonna say ride the trend.

Um, I would be interested at the reaction of 72 like 72 to 72.50 because I just see recent resistance there. so I'd be a little nervous at that level of like is it going to break? Is it not going to So I would watch that Now if you're playing the weeklies, you're running out of time so you don't like. Obviously hitting 71 today is much more valuable than it hitting 71 tomorrow. All right, the queues are continuing down, down, down down down down we just broke Apple snapping.

So I would ride the trend as much as I could and I'd be getting particularly sweaty and nervous between 72 and 72.50 to see how it's going to react there. Um, but if it turns earlier, you have to just use your own Trend following thing. but in your situation, you also have to consider the current momentum because even if it was excuse me sideways, you're going to be losing value. So Roku's looking good, but I would just keep using uh trailing stop loss on the price action and if the price action turns I would just take my money and go.

Did that guy ever explain what he means of trading Futures isn't real I'm so I'm so curious of what that could possibly mean. Uh, so the Spy originally did appear to be a liquidity grab, but the queues are looking a bit heavy being led down by Apple uh Tesla somehow caught a bid which makes me not happy. The Spy potentially double bottoming not good for me I need the breakdown or I'm absolutely just destroyed I should probably move my stop loss all right. Uh, the Futures position.

uh, currently up 800, 780, some 90 I don't know it's moving a lot. uh I kind of want to move. Okay, so I just moved my trailing stop loss to to 285. it was the high over here.

Yeah, okay, trailing stop loss got moved to 285. So on the Futures position, no matter how bad this gets for me, I'm making at least 285. but I still do have a profit Target at 2K I Just want to be a little bit better of my management of things. I've been getting in this weird habit lately or this weird I don't know issue lately where things go greatly in my favor and obviously when it comes back like that's never a good thing.

My issue is that I've been holding on for too long to things coming back after being up considerably. And yeah, if you have to cut it at break even, that sucks. But at least you didn't lose money. But my problem lately upon like my review over the past like two to three weeks of trading is, um, seeing how much they come back and then letting those ones cost me money.

Um, especially when I'm not battling with PDT on the Futures account. I could always re-enter and then also the same could be said about. like my options account there on Weebles like I could always re-enter but like it's just it's just a human thing. like no one wants to.

um, admit that like they have a trade that's going against them. you always want it to be bigger and better. and yada yada yada yada So I Don't know. Trying to be a little bit more disciplined.

Uh, the Spy is getting a solid bounce right there. Apple's still weak though. Tesla Where's Microsoft do this data? So freaking all right. Hopefully there's a re Uh, the Spy This liquidity grab flashed like for a second Wicked below the high of yesterday.

Buyers kept in uh, stepped in Consolidated they tried to dip it again and then they popped it back out. Shoot, Um, it seems as of right now it's actually Tech That's somewhat keeping the Spy down. Some weakness in Tech Um, if apple and Microsoft vomit, it's going to be really really difficult for the Spy to perform well. If the cues are vomiting, that's obviously going to be pretty difficult.

So definitely something to watch. Let's check in on the financial sector. Financial sector is showing some strength, energy sector showing some strength, utility sectors showing some strength, and the healthcare sector has been showing strengths. so pretty much strength across the board excluding Tech.

But remember, Tech is the most impactful because our biggest companies and remember, these are like weight adjusted indices. Uh, like the biggest influence is going to be your Apple, your Microsoft, your Google, your Nvidia Google and video, even your Tesla has a big impact. Tesla's been just kind of coasting sideways today, unfortunately. Unfortunately for me, if you sold premium, you're stoked about it.

A little bit more weakness in Microsoft than I Expected to see a little bit more weakness. Coins ripping. Uh, was there an update in like an SEC case or something? coins up 4.4 percent. Uh Bitcoin is at 30.5 K Eth is at 1868.

was there Coin News Foreign squeezing to a hundred. Was there a particular announcement? he's Brian Armstrong keeps selling shares so I'm happy that he's missing out on this game. I don't think there's an announcement on it I think was it just like a a nice technical follow-through or something? if I could, yeah, coin. I mean it's just been ripping and now that it got above and held above 80, it's just moving.

Move and move and move. And be careful though, it's right at Resistance. I Personally wouldn't be chasing it here because I don't want to buy at resistance. It could easily get smacked here at 85.

uh, obviously if it gets going and breaks above like then you have even more upside targets such as like 90. I mean you could watch a hundred but I am personally of the opinion that buying at Resistance, especially on like an important time frame such as the daily is not the smartest one. Uh, it might work out for you, but it's not a methodology I would like personally like keep repeating Carvana is Ripping I've seen like a lot of I don't know pumper-esque people on Twitter talking about Carvana I'm not the biggest fan of their business model by any means, but it ride the momentum I Do think eventually comes back down it popped Consolidated popped Consolidated There's no reason to get out. All we're seeing is higher highs and higher lows.

like there, The trend is clearly with the bulls. I Don't think it'