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Alpha Investing During War | Where Is It Safe To Invest?
Recorded: March 10, 2026 Duration: 4:01:25Space Recording
Full Transcription
Thank you. Thank you. Thank you. Good morning, Spaces crew.
Happy Tuesday, everybody.
Welcome back to the show.
We got another day in the markets, and things are looking pretty decent for the market.
Looks like, let me bring up my session so I can actually see each session here.
But after yesterday yesterday we kind
of just consolidated overnight got a got a little bit of a move higher in the pre-market session
early this morning and now we're coming back in a little bit but um some great moves overnight i'm
i'm sure i'm sure ryan probably traded a bit last night probably caught some moves he always is uh
trying to catch opportunity in the evening if it's there.
So love to see that there were some moves.
Going into the morning here, we kind of have this range that we are in
where we've taken out previous day high.
We've made that London session high, which we have not traded to yet.
And we have those Asia lows resting below
us, which is technically like just the bottom of this range that we're in on the hourly here. So
curious to see if we can maybe pop up to these previous hourly highs into the open and then
set up for a move potentially down to the bottom of this range. We also have a four-hour gap, four-hour imbalance that I'd like to see us test at that Asia low.
When we take that low, it's sitting at 832.50.
So from there, I would look bullish from that level just because we will be tapping into that
four-hour imbalance. So I'll have to be a little bit more bullish tapping into that area. But I'd love to try and catch a move to that area first if we can. So
that's what I'm looking at going into the morning.
Could be nice if we want to rebalance to that area. And then I think the longs would be great from that spot.
There is another gap even farther below us if we do end up wanting to sell off a little harder into 608.75.
But I don't think it's necessary.
I think we could definitely see some sort of move from that Asia low, at least at first.
But we'll see if we get there.
We'll talk about that when we get there.
But silver up pretty good overnight, up 5.73% in the morning session here.
What is that?
What high is that? It's coming into last tuesday's high right now and
silver there uh looks like gold is up about two percent as well trying to get out of that
consolidation on the daily i'm curious to see i i want to see gold tap into that i think it was
last wednesday's high yeah last wednesday high there. We have bearish order flow.
I'd like to see this rebalance to there on gold.
So we'll see if we can hit that spot.
Starts at 52, 18, 20.
It's kind of where I'd look for gold to rebalance to on this pop.
And then, you know, maybe they sweep that high
and there's a bit of a short opportunity there.
I'm not sure yet, right?
We'll have to wait and see the reaction on gold there um crude oil down 6.6 percent this morning kind of continuing the sell
off from uh from yesterday obviously it gapped up a ton but all day just slowly grinded down
filled the gap that it had and And I might see continuation of that.
We'll see.
What else did we got this morning?
Individual names that are doing well.
AMD up 5.3%.
I don't know if there's a news story or
something there but i'll go to i'll go to evan's account here shortly and uh read over any any
news stories that we've had from the morning but amd looking good ba down 2.6 percent circle up up 9.7%. This name is really just been grinding
to the upside.
Again, I'll
mention that I always do the
2x leveraged circle if you guys like
leverage. Ticker CRCG
is a 2x leverage of circle.
It's quite cheap. It's only $4.
it just means you can
get a decent amount of shares. It yeah it's been ripping what is that
up from these lows from the lows we made in what was that february here um of course nobody's going
to get the exact low but i'm just looking at it for the percentage moves crazy. 340% from the low. Let's say, you know, after the gap up, you just grabbed it.
It's up about 120% from that gap up.
Just insane.
The same is there.
So I'd love to see it.
Google, green, 2.6%.
Looking all right.
Hood is green, 2.9%.
Everything else looking a little light.
NVIDIA is up 2.7%.
That's still kind of in this daily range it's been consolidating in,
but maybe we get to the top of it and something happens there.
Let's see.
Everything else on my watch list is pretty flat.
Going to keep an eye on Tesla for sure after sweeping those previous month lows.
Curious if we get any confirmation of some real big buyers stepping in off that sweep.
I don't know yet.
To be honest, personally, I haven't seen exactly what I want yet.
Like the momentum and the displacement that I've wanted to see.
I haven't seen that yet, but I do like the sweep of that monthly low.
Not a bad spot to maybe start a position.
I don't like taking full positions without actual confirmation of order flow,
but that is a big sweep of a previous month low into order flow that I'm not going to ignore on Tesla.
So, and I just feel like overall sentiment's been pretty negative
on Tesla right now, which to me is perfect time
to probably be picking up some.
Good morning, Em.
Morning, Amp.
Good morning, good morning.
Let's see what news stories Evan had.
Good morning.
A new coalition of companies that includes Google and Tesla will address energy affordability
by tapping into underused electricity grid capacity.
That's not really anything.
Amazon.
What was Amazon up?
I know AMD was up pretty good.
Amazon's not really doing much, but something came out.
They're planning to raise money by selling debt.
They are getting ready to try and raise between $25 billion and $30 billion by selling high-grade bonds in as many as 11 tranches, ranging from 2 to 50 years.
Amazon is also reportedly looking to raise another 10 billion euros in a euro bond offering.
It's from Bloomberg.
What else we got?
40 minutes ago, U.S. Defense Secretary Hegseth, I probably butchered that, but whatever, just said,
if Iran does anything to stop flow of oil within straight of Hormuz, they will be hit harder than ever.
Oof. Oof. It's rough. An hour ago, Jensen said,
we are still early.
Much of the infrastructure does not yet exist.
Much of the workforce has not yet been trained.
Much of the opportunity has not yet been realized,
but the direction is clear.
AI is becoming the foundational infrastructure
of the modern world.
And the choices we make now,
how fast we build,
how broadly we participate,
and how responsibly we deploy it
will shape what this era becomes.
That's a quote from Jensen right there.
Oh, some good stuff.
Interesting.
That's all I really see.
Also, if you scroll down on Evan's page, you'll see a video of our boy Gov taking a water
shot, because he does not
drink alcohol, but in a granny shot glass
with Tom Lee there. It's pretty awesome.
At the granny shots ETF
booth at Future Proof.
Love it. You'll love to see it.
It's pretty awesome. What else do we got?
That's it for news.
Looks like we have new home sales at 10,
or existing home sales at 10.
So we'll watch out for that going into 10 o'clock, but.
Oh, no, I've pretty clear.
Who reports today?
Is it like Oracle or somebody?
Yeah, good question.
question there's not much earning many earnings going on but I think Oracle yeah Oracle's reporting
There's not many earnings going on, but I think Oracle.
Yeah, Oracle is reporting after close.
after close a valve aero environment don't know that company but they're reporting as well Neo
is doing their earnings call right now because they had earnings this morning looks like they
had a double beat uh
path is reporting tomorrow I feel like that's been a name we've heard a lot about
recently after the close bumble as well thursday we have adobe
sentinel one ulta every time i think of Ulta I think of that video of where I like bought more right
before earnings and then earnings just tanks and it was it was on stream and I like made a
made a funny video with it I gotta find that video Jordan I can't remember exactly like what the whole thing
was but I remember like there was two names reporting yeah you went with ulta and whatever the other name is i think there was
another game there was another name that we were talking about that went like up 20 percent ultimately
like down 20 and you're like dang i had a 50 50 shot and i was like screaming i have a i have a
clip of it it's hilarious it's lost it's somewhere deep somewhere deep in my TikTok posts on my personal account.
I gotta find that.
It's a great video.
If you guys are just getting in here, make sure you like the spaces.
Repost the spaces so we can try and get as many people in here as possible every morning.
I think we have a solid trading day.
I mean, I have clear spots that I want to see price seek out.
So we'll see if I can get some nice setups this morning.
But we'd really love to see us trade towards that Asia low.
And then be bullish from there.
And hopefully try and hopefully catch some sort of short
to that area if we can get actual displacement towards that spot.
We're about 160 points away from Asia low,
so plenty of room to capitalize on a move if we want to displace down there.
I guess there's always a world where I'm wrong and we just open up and rip through.
I would like to see us tap in these previous hourly highs and then set up short from there.
There's a world where we definitely can run through that.
I just think it's unlikely given how much we've ran since Monday so far,
since yesterday, without pulling back to the bottom of any of these ranges.
I would just like to see a pullback to the bottom of this range,
and then we can lift it off.
So maybe we capitalize on a move down to there.
Maybe the market tells me I'm wrong, and this is way stronger than i think i
i don't know but i think uh that untapped four hour gap at that asia low needs to get retested
before we go higher so i'm gonna i'm gonna stick with that thought until the market tells me i'm
clearly wrong and i'm gonna try and play off that what are you looking at the thing is we have well
we've got so many levels to work off of here since we've been here for a better part of a month,
almost six weeks.
I do feel like price is slightly cleaning up,
at least for me.
It's starting to clean up a bit,
but we're still stuck in the range.
You know what I mean?
We haven't gone anywhere.
But I feel like price today is starting to clean up
a little bit more for me.
Every time we try to get under we uh we find a way to to reclaim back in and just rotate it's
rotating from the bottom the bottom of the the value area to the top of the value area so there
i mean there's plenty of plenty of levels to play off of you can go to your daily chart and you'll
see you know if you use daily emas or or simple moving averages, you'll see reactions to those on the upper side.
And then on the bottom side, you can see the area.
And I stress to people to look for zones instead of levels, especially if you're trading futures and especially if you're trading in a high VIX like we currently have.
futures and especially if you're trading in a high VIX like we currently have because price can
overshoot and you can still be right but you you know you get in a little bit too greedy you ran
over just to be right later which is the absolute worst I mean there's nothing I would rather just
be dead wrong like hey I thought I thought price was going to hold here you know I saw what I wanted
to see and then it just crashed straight through and kept going was different than i got a little bit too eager uh it shot 50 points 60 points
through kind of the area because the zones are really wide i mean like on nq for example 24 like
750 down to 700 like that's a pretty wide zone to try to get long in the like whole middle of the 800s 860 to like
830 is a pretty wide spot uh and then everywhere from 900 up to the 25k whole number is is another
area and there's multiple like many levels we've had within there so like i don't know i
find the direction use the vix to your favor find the direction. Use the VIX to your favor.
Find the direction.
Try to find a decent entry once price starts moving in your direction.
You know, grab on.
Don't try to catch the full move.
And, you know, put that money in your pocket and move on.
That's the way to approach these range-bound markets is, you know,
get in as it moves, get back out before it gets to the next zone.
If it keeps going great, you know, if the trade runs three, four, 500 points, awesome. You know,
take your 80 points, 100 points, be happy with it, put it in your pocket, move on. That's how you,
that's how you build up. But in the bigger picture things, I think it looks pretty good.
the bigger picture things i i think it looks pretty good um do you have tech kind of trying
to lead again so that's your main watch is does tech continue to lead us to the upside
and so like qqq and your your mag 7 your top 10 of the qqq you know those lead us and then on the
other side um you can almost know we actually did this yesterday on the stream which put crude oil
cl up next to nq and if you watch to basically just trade in an inverse of each other because
right now the current worry which has calmed down a little bit yesterday but the the worry is
obviously the higher crude is going the worse it is for the economy. And you see, it was literally just inverse,
just inverse action. So you could try that. That may help you some just on the visual side of
things. We'll see if crude calms down a little bit more today and continues to drop a little bit,
or at least just calms down. If you see crude spiking back up, just be careful because that's,
that is the biggest current concern in the market.
And then, like I said, we'll see.
Obviously, you mentioned CPI data tomorrow and PCE is on Friday.
I don't feel like either one of those are big enough right now that the market would slow down because of how high VIX is, because of what
we've been doing and the headline-driven price action. I don't think it's going to slow us down
too much going into tomorrow morning or Friday morning. Because sometimes right before a big
data print, if the market's really concerned about it, you see price just kind of slow down
or big earnings or anything. We don't really have those in the current environment that I'm looking at,
at least in my opinion. So I think we should get some decent trading. We did obviously have a huge
range yesterday and a huge move, which could lead to a little bit of consolidation up here into
the highs of the range. It's tough for me to look at this and not want to be long based
on what we did yesterday but also have to be very conscious of the fact that we are just pushing
right back into the same overhead resistance so be uh that'll be the only tricky thing i think to
navigate today is is you know direction direction coming off the low is long, but you're getting into the same resistance we've had for six weeks.
Yep.
Throwing up top right now, kind of,
the chart that I was kind of explaining earlier.
the chart that I was kind of explaining earlier.
So let's see.
We can tap into these hourly highs and set up something.
Got eight minutes till market open.
If we just run through this and are really bullish through that $25,000.
$20,000.
$20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $20,000. $25,000. $20,25.
Then I'm going to have to switch my thoughts and think we go take out that London high
first and then we'll see what happens from there.
But similar to yesterday, clear lines in the sand.
Feeling good.
See if we get anything.
I know you're excited about Tesla.
I heard you talking about it when I first joined.
Oh, she looks nice, man. There's's no confirmation yet it's just a sweep like we
could dump you know you never know but i i if i start to see some real like shift in structure
and order flow i'm i'm i'm starting to load up some tslg that's what i'll be doing
need some triggers
yeah I don't want to be that guy
but I feel like I will be just range-bound action for quite some time.
I mean, in the bigger picture, range-bound action for months.
In the even smaller term picture, smaller range action within that for multiple, multiple weeks.
You don't have to be the hero that you know tries 19 times to
catch the breakout move to either side and um you know a lot of people yesterday were probably
you know getting excited over the weekend you know maybe they swung short on friday and they
were probably getting excited over the weekend finally We're finally going to break down. And, you know, yes, we made slightly lower lows,
but, you know, we reclaimed and traversed,
which is very, very common.
When you can't break out of one side,
reclaim and traverse back to the other side.
So here we are at the other side again.
And somebody's probably looking, and it's tough.
I accept to slow myself down a little bit.
I talk to myself more than anything here and say, okay, I'm looking at this going, boy,
it sure looks like this is the time where it's going to actually break out and go up
to the next area up higher.
And it's one of those things.
If you thought that the last eight times and took a swing at it the last eight times,
you took eight losses basically at this point.
So you can always wait for confirmation.
You can get in, you know, and follow the move out.
You can wait for a breakout and back test and hold above the range or below either one.
But that's probably the prudent thing to do.
The market's telling you it's going to be in a range for a while with price
and you keep trying to, you know, play the breakout of that.
Eventually it will break out and it will be, you know,
a violent, beautiful move one direction or the other.
But if you're early to that move multiple times,
you will, you know,
continue to take paper cut after paper cut after paper cut.
You just death by a thousand paper cuts.
Just be careful. I see Btrades.
I hadn't seen Btrades in forever.
So just shout out to my friend.
I'm going to have to drop off here and go over to my stream.
But that's my man Btrades.
I see Wattbender, Profast, Finster,
a lot of other friends down in the chat.
Hope everyone's doing well this morning.
Hey, what's up, brother?
What's up, my man? Hope you're doing well.
I'm doing awesome, man.
We are taking out these previous hourly highs
that I wanted to see into that hourly gap.
So now we wait and see if the market wants to run
through this area into the market open above $25,020,
which would eliminate my bearish thoughts for a bit at least.
Or we get a setup short basically right into the open here out of this area.
Let's see.
Last thing I'll say, horses don't get tired.
They keep going.
Yes, sir.
Suspect.
Bro, if this trigger's set up right before market open, oh.
I hate that.
I'm not taking it.
I'll wait for something else.
If this triggers. I'll wait for her something else for those triggers
let's go WAP
see you in the chat
by the Fenster
happy Tuesday
my man
let's have a great day
everybody
reminder
make sure you guys
are sharing out the spaces
liking the spaces
comment in the
in the chat
the little purple bubble
on the bottom right
have another great
trading day.
Just about two minutes until this market opens.
So get ready and just taking a look at VIX.
VIX is still decently high, definitely coming in from yesterday's crazy move,
but still at 24.50 here.
So just be aware of that and be aware of your sizing volatility is not really
going away yet well and jordan i see someone that i need to shit on really quickly
look at rivian bitch
you can bring them up now I'm going to sell my $16 calls today
they're in the money
good
well good morning
I still love you Wapender
and I love you too Eva
oh I love you all
you are the best
oh my god
this time zone thing is uh
annoying oh i'm actually kind of liking it i've had too much time in the mornings with the market
opening at 10 30 honestly oh now it's that like normal market time 9 30 market open and
i think that's perfect for me 10 30 is like too late like i need oh because we haven't changed our clock so i
literally had to finish the show like earlier than normal oh really okay yeah yeah i was like
oh my god these guys need to go on live it's funny good morning everyone good morning sir
good morning is that b trades i seeTrades is here in the flash.
In the flash.
I have not heard from you in...
Well, I haven't been on in a while.
I've been busy.
The goat!
Say it, Nods.
Say it.
The goat!
Here it is.
The goat!
The goat!
He does it so well.
I have the... Yeah, I have the perfect high-pitched voice for it.
Going into the morning here,
tapping into these previous hourly highs.
I'm definitely a little more bearish right in the market open,
but happy to let the market tell me I'm wrong
if we want to run upside above this $25,000 with momentum.
But overall, I'm looking for that move to Asia low, 828.
And then I can be more bullish from there.
So we'll see if I can get something here.
Market is now open.
All right, they ripped through 25,000 so far.
Let's see if this is just a market open craziness
or we get some continuation momentum
because we do have that London high
that hasn't been traded to as well.
You could absolutely go see that.
So I'm just really got my lines in the sand,
let the market decide what it wants to do.
Try and adhere to that.
Okay, selling my Rivian $16 calls for April.
They're up over 120%.
Yeah, very nice.
Let's go.
All right, they're just blasting
through these hourly highs right now.
I closed my Amcor contracts at $2.
That's up like 50% from entry.
Let's go.
Blasting through the hourly highs.
They don't get shit.
I just really want to see those four-hour imbalances get retested that are down at that Asia low. They don't get shit.
I just really want to see those four-hour imbalances get retested that are down at that Asia low.
That's why I want to see that so bad.
But let's see if the market tells me that's all right.
Can I trim that? Trim that.
Longer value area by 44.
Big snake. Sick.
What am I stopping profit?
Is the plan to go take that one in high first?
Is that what they want to do?
20 point gain closing it right there.
Nice.
This might be a lot more. That might be a lot more bullish than I think.
That might be a one and done since I was able to ladder into it.
Might be a lot more bullish than I think.
Alright, it's been two minutes and I did everything I wanted to do today. Then you're going to put on music.
Oh, I'll post Gamma for everybody.
Well, I can always, if we want to go take London high and just disrespect that hourly
gap that I was looking short out of, we can try and play continuation to London.
Don't mind that.
Still 80 points away, plenty of room to capitalize if we can open up a 5 or 15 minute gap here
and set up.
NQ is negative gamma.
ES is positive.
ES is rejecting.
I coded it last night.
It's called a volume, I mean, a jex-weighted VWAP.
It's basically taking the VWAP and actually taking it into a catholic gamma exposure along
with it.
that that price is at 68 of satins which is why we just rejected it yes
That price is at $0.680, which is where we just rejected ES.
so interesting when a bit of a chop so i'll post it right now
thank you rejected the previous week value area high 25075 area that too
Good morning.
Good morning.
Good morning.
Good morning, Mixi.
Good morning.
I missed my entry for the longs of that 25,000 back. R&R.
8-dollar rejection. Thank you. Interesting. Nothing for me yet.
Alright, alright.
Looking a little rolly. Okay, let's see what we got. together.
I got a dividend payment months ago and I've been documenting trying to take
that $94 to $1,000 and just
had my first double. It's at $204 right now.
Ooh.
Look at that guy.
Good shit.
Thanks, dog. Every trade's public, either posted on my account or shouted on here. Look at that guy Good shit Thanks dog
Every trade's public either
Post it on my account or
Shout it on here
Got a bleeder in aisle 3
Microsoft
Looking very soft
Uh oh Looking very soft. I'm watching if Tesla holds previous say hi here. Microsoft is pulling back.
Jess is trying to pull back a little bit, so it's Amazon. I'm short.
I'm short, too.
I grabbed the QQQ605.
Yeah, I shorted this inverse as well.
I'm going to go break even pretty quick, though, unfortunately,
because we have to go break even pretty quick though unfortunately because we have to
i have to go break even if we tap into this five minute at
keeps holding this 45 000. i don't like that yep i just got stopped out
i was like oh my god that tape for my small volatile. Yeah, I put my stop loss. My stop loss is 70.
We're just still trying to run through this hourly.
So if that happens, I get stopped.
But I'm also watching that 30 minute as well.
Nasty weeks though. Yeah.
Yeah, trying to hit it below 25 beans.
ES looks much weaker.
Is ES doing? Yeah, it's a bit weaker for sure
fuck
oh bk let me send you co-host my bad
i need to go take out that london high still
i don't know that yeah i'm gonna wait I need to go take out that London High still.
I don't know that.
I'm going to wait for everything.
General liquidity of bond demand versus treasuries is pointing upside right now.
We do have some data, I think existing on sales at 10 to watch out for.
I'm looking to be out of this by then, hopefully. This is just so slow here.
Can't even get break even.
That's freaking 20 points below me. They're fighting this hourly gap.
Bulls are trying to hold the top of it, and they might be able to. gosh every time i try and take lower, just they're holding it.
It's not good.
Well, this drills to highs real quick.
I'll get stopped.
I am in Tesla holding that previous day high.
Oh, yay, I could go break even.
Damn.
I might get stopped at break even right away, though.
Yeah.
Well, at least I got my break even.
They tapped it into that five minute
nice
that's annoying now i hate having to go break even there bro but i have to
that spot because we can absolutely hold this five minute gap and move higher from it
could always take re-entry if we
inverse that well at least i got out unscathed but that's freaking annoying
now they're gonna fucking drill it to target yeah yes is definitely a week ahead yeah i think
we're gonna roll over did you guys take an outbreak even jordy yep i gotcha unfortunately
but it's better than taking a loss just ah absolutely i don't want to go break even there
but it's my rules gotta follow my rules. Don't care.
Break it off.
You were short, Jordan?
Yeah.
But we tap in the five-minute gap that we can hold. I have to go break even at the
five-minute gap.
It wakes me up.
He's what it is.
It was very interesting overnight. It went both a gap yeah they wake me out he's what it is
it was very interesting overnight it went both ways and just open the flat basically
i want to short again but it's's so I might have a reentry.
Yeah.
Damn it.
I want to freaking hit target, all right? if we reject 25 oh what reject 25,000 we're like 25,000 30
Crazy that thing just ripped a little teleportation
Just wait teleportation just wait now it's gonna come back down it's like just white
whipping people in and out
oh my lord
Oh my lord, yeah.
oh my lord
Can you guys hear the fans on my laptop?
No, sir.
I wouldn't move my phone if you didn't, but we're good.
Ooh, Vivian is going.
Might have to trim my May calls, too.
Shit.
Shit.
We're going to make up our minds.
Yo, good morning.
Good morning, Mips.
Good morning.
Good morning.
All right, now two shifts there on ES, 96.
And then hit another one, 91.
Runners left.
I'm concerned for the 61.8 fib that we're seeing right here near the 80s on es
i feel like buyers could maintain a higher low so i got stop set and uh i think gold may be a
good long here near the 10 minute 20 ema 200 oh gold is a red out of Ballyaria High, too. Okay.
Pump in a bit. MES short again, 10 minute green. Rem green reminder you got data in about 12 minutes uh what do we have for data five point gain covered half mes
cool cool cool oh my god yeah baby. Yeah, baby. Baby rest.
All right, here we go.
I covered another one right there.
10-point gain, MES.
Let's go.
Meta acquired Maltbook, the social network for AI agents.
That's funny.
Yeah, what timeline is this? so Thank you. watch uh potential 10 minute 200 ema pre-market low 67 62 on es no bias
three quarters of the position has already been offloaded sellers must maintain vwap
if they want to continue lower otherwise it's a higher low I'm going to wait until we break a range. Thank you. Brutal range.
I'll be right back. come on baby iwm just came all the way. Ooh. I missed the setup there on IWM.
Wow, that was a good one.
That was a good one.
Okay.
Looks like I gotta be checking that a little bit more.
That was pretty much.
All right, all right, Tessie.
Tessie is right.
There's another good one there.
Around 4.02. Keep an eye on the soft.
Watch the 61.8 fib it's 782.5 if you want short continuation you need to close a 10 minute candle below it if you're long this is your uh buy area here tes Tesla new high day
still watching gold I would love an entry 202, 203 area for longs. I'm just gonna wait.
Yep, see, there's the longs, picking it up.
I'm waiting, too.
I doves new high.
What are they doing in the five minute there? Google and Meta are starting to dip.
Tess is still strong.
Oh no! Oh, no.
I'm going to wait.
I'm still going to wait.
There we go.
Stop them out.
If you're short, good scale opportunity.
Breaking 61.8 fib. Goodbye.
Trail to stop.
775.5 is low of day.
Beneath that, I have a pivot. 769.
Yeah, I'm still on my 605 puts man it never broke uh never broke yesterday's high i tried it a couple times but couldn't hold up there
sell area 680 on spy and uh here we are four dollars off of it i think we're setting up for
another lower high everyone thinks oh trump saved the market, but ask yourself this.
Will that be the last headline you see
of anything of the Iranian war?
Last missile, last building blown up?
Is that...
So until that is the truth,
the war's not over, right?
So a lot of people got ran over yesterday
or going into today,
swinging calls, and now they're down a little bit.
Not to say that they can't play out,
but I still think we see below 10 on the fear and greed index.
It may not be today.
Watch CPI, PCE, and how the market develops.
how the market develops.
Daily EMA rejection is key, though.
We have
data in a little bit.
Yeah, wait
three minutes here.
All right, all right.
Three and a half.
Low day test.
I just realized that the candles in my app are getting plotted wrong.
That sucks.
Bryce is right, but they're not getting painted correctly.
right, but they're not getting
painted correctly.
That's a big time Friday
problem.
There you go. Bingo. Low a day.
And we've
done it again. Three days in a row
shorting the...
The good guys win again.
ES is ready to value
a real low.
I'm just waiting.
Remember, for the listeners, low of day break is not a short entry.
You want a short green candles. Thank you. I read a PLC in between PLC and VWUP though. Can view up them.
Take that.
Watch that.
I mean, I think we're going to see 10 minute 200, 764 on ES.
10 more points lower.
Pre-market low is 62 as well.
Yeah.
Data. 892 on NQ. That's what i'm looking at yep i like that kind of miss
this re-entry on this short i can get some sort of continuation uh caroline levitt leave it
levitt 2 p.m uh they're hosting a press briefing
fuck there's a new key. That's annoying.
Hi, Debbie. I'm holding.
Dix is still at 25, and the spread here is a point.
Data in 5, 4, three, two, one.
Boom.
Oh, big move, a big move.
Oh, yeah, baby.
Four points, five points, six points.
Watch the green, see if they slam.
Watch the green.
See if they slam.
I obviously love that 830 dip, like around 900 would be nice.
U.S. existing home sales month over month actual 1.7%
versus negative 8.4% previous estimate, negative 0.8.
So a big B to the upside.
They're going to sell, bro.
yeah
Yeah.
almost 30 points on es from my vwap short 23 points on the most recent short
let's go see that 10 minute green they gave you 70 or uh yeah 76 that's already 9 10 points here
i think this can get all 10 minute 200 asia low
we're so close how could we not hit it
now again i don't want to invoke bias i am short from much higher yeah so don't uh
don't just jump in down here unless you know what you're doing Gracias. Ladder number three, MES short, 10 minute green.
I'm trying to see if I short a POS back test
It's about 21 points higher here
Gold longs cooking up here.
Watch 10 minute 20, 200.
Four point gain, MES ladder covered half.
Go to that 10 minute 200. If we reject around here i'm going too short just kind of waiting right now
yeah i'm trying to see if we can pop back to like this five minute candle high when it closes and
then let me see it see a short entry from there because I missed the first re-entry.
I should have taken it. That was beautiful.
For us to reject that 935-ish, but we didn't.
Just going to wait.
I still think
we can take
I don't like this.
From this morning and then
Asia low, 832.50. I don't like this. From this morning and then Asia low, 832.50.
I don't like this current
bottom wick trying to form on
spas and queues.
Alright, we're getting green candles
around PLC. I could short here.
Question is, do I want to?
Yeah, P-Trace, there's a bit of divergence. I mean look at RTY as well. We're coming into 10 and the spread is still a point and over.
A lot of algos have air brakes on them to not do any high frequency when the spread is over a certain amount.
It's very spready. Your too many ATRs, around 40.
It's gross because you put your stop and profit somewhere and you get filled red or something like that.
Yep.
You just try to click enter and then you're just down like 100 bucks straight off the bet.
Gotta use those limits.
Yeah, green day for me.
I mean, so far, nothing to write home about,
but this price action is real choppy.
It really has been the past few days.
Yeah, Q's had the chance to lose 6.06 and really drill down.
They did not want that to happen.
10-minute EMA rejection?
I'm just glad we broke
the gap down and then
pumped midday just to do it again.
That's true.
Israeli foreign minister says we're not
looking for a
endless war.
That's not what your lobbyists pay you for, sir.
Tootie.
If we can respect this five-minute bearish gap.
Yeah, if you short green, have a big set in red.
I should wipe him out.
Come on.
Punish the chasers.
Rug it.
He might sweep that low you made earlier.
I'm going to short.
Now, if I
was year one version of myself
and I bought 85 I definitely
would stop low day because I'm stupid which would add to an imbalance
there's gold sweeping 20 EMA maybe they want want to do rock. Oh, here we go. Cover green or cover red. Right there. Beautiful.
So easy.
Very good.
Jesus.
You should see new lows here.
Oh, there she blows.
I didn't say she blows.
No, no, no.
I said there she blows.
Very nice.
From the Minxie and Mr. Maple.
Very, very nice. i think we can see this asia low 892 and then i'm quite bullish from there tapping into four
hour imbalance but we'll see i want to see that Bill Breaker. Bill Breaker.
The Bill Breaker.
890.
Not a single loss.
There we go.
Come on.
Goodbye.
Drop it.
Yep.
There is 68.
Take it to Asia.
Yeah.
And take it to Antarctica.
Again, like I said, if I was a version of myself i would have fomoed
the nine the green candle stopped out or blow adding to the imbalance flushing us to pre-market
there we go let's master you're hilarious take it to antarctica
scaled some out i love it all right 11 point gain on the ladder covered more
that's like four short positions on es
you're breaking value alone now no bouncy bouncing
come on now if it holds then we flip long yeah i'm quite bullish after we take out this low on NQ personally.
But we'll, you know, you guys see structure on that just instantly.
Yeah.
Flipping anything.
My stop loss on my runners is in.
Watch the 10-minute green right here.
They're going gonna smash again Let me tell you, the call-side premiums
for NDX are...
Took another short MES, ladder number four.
The call-side premiums for NDX are very expensive,
and honestly, you do not see that that often.
So I'm wondering, what do they know?
What do they know? What do they know?
Like I could go 400 to 500 points out and I'm still getting 80 cents.
Normally, even when Vix is at 25 for the past few days, it's like 30 cents.
So they're going to chop it.
Yeah. I don't know I don't know
Is there some sort of news that's behind
I have no idea
But the call premiums are way too expensive
Yeah I could literally go over 500 points and I'll get 60 cents. It would normally be like 20 cents.
It's a little concerning. You don't want to do a call spread then because I feel like something's going to happen.
I feel like something's going to happen.
And now today,
I go far out
and the put spreads
are kind of cheap.
Hmm.
Hmm.
It's happening in a one-minute bearish gap.
If we're going to go lower, we should respect that.
Yeah, not spill the beans.
What do you know?
I don't know.
What does he know?
Does he know things?
Let's find out. Shorts are going to be viable all the way to Asia Low, which is an Intel 83250. Oh, don't stop me out and drop it.
No, it took me out.
It's okay.
I didn't just randomly put it somewhere,
so that's fine.
Be short green.
Cover red. Defense names are catching a red, especially some of the smaller ones that aren't 90% of
the budget like HII, Leidos, science applications. concern for the fakeout breakout under 69 on es
ladder after ladder though we're paid this last one could tag me though
so slow in this area we haven't even taken out giant spots yet
yeah back testing this ore below i wonder if these buyers want to stop yeah i want to see i want to see efficiency step in here mates to the downside yeah the last few minutes is where
the truth is yeah like with clear big target lower i just have no reason we shouldn't pick
up speed here oh there we go yeah look here they go look at that if you shorted green
you're making money already respecting bearing bearish gaps as well.
Love to see it.
Probably those same gaps I'm looking at
is probably a tap into your EMAs and rejection.
Come on, take it down to the overnight low.
oh my ear just rang something fierce that's weird someone's talking shit about you
oh my they're really letting me have it that felt weird yeah let's see if we get to that 830
you just gotta break value of your low and 892s Yeah, let's see if we get to that 830.
You just got to break value over your low in 892s.
And then you got that overnight low in there. there goes gold bouncing off 10 minute 20 i have to wait for another
one i want to see cbc flip and then two i want to buy a red on gold if we can get it Thank you. Come on, baby.
Give me 862.
That's why it should have taken that first re-inch yeah i would have already been done
come on iwm just got a big pop
i have an alert on es if it ends up taking out the desired spot that I'm looking for on enqueue,
the same four-hour lows and four-hour imbalance.
I will just take my profits on enqueue wherever we're at.
And say bye-bye.
I think we just had an earthquake really
Joe did you hear that
oh all my friends are saying it too
they have earthquakes up there
yeah we've been having
recently
pretty sure we just had one
I just heard a rumbling.
Group chat's going nuts, actually. Hold on.
Yeah, all mine are.
Oh, no. Unrelated.
Unrelated.
Pop back into this one-minute gap.
Yeah, I'm looking at...
I'd like to see us just sweep these highs that remain in this gap and then go lower.
You look up earthquake, and everyone's saying,
we just had an earthquake in Westchester County.
Not so.
If you look up earthquake near me, you'll see a red circle come up on Google.
Oh, no, I looked it up on X.
And everyone's saying earthquake in Westchester, where we are.
Look it up on Google, and it's going to ask, did you feel it?
And then you'll see a circle, and you'll see how far away you precisely were,
based on all the people that reported feeling it.
Equal lows have been made at the pre-market low on the queue.
It's going to become a magnet at some point, in my opinion.
It's a decent pop. I've been having a lot of earthquakes.
I'm short at 51.
Interesting. I got stopped.
Flat all ES, green trades, except for the last one.
They're really about to stop me on this, dude. Flat all ES, green trades, except for the last one.
They're really about to stop me on this, dude.
254 on IWM.
Yeah, it just popped all the way back up.
Yeah. Abraham Lincoln is spotted near the coast of Oman.
This indicates it might be retreating. What?
No, actually, it might be repositioning Abraham Lincoln.
USS Abraham Lincoln, sorry.
My bad.
That bro came back from...
I know, I was like, what?
What the fuck am I?
Brother, but they clicked me on this.
That's insane.
I got stopped.
With equal lows below us,
and we never tapped into the four-hour gap
resting below us on both assets.
What?
Well, I will look for re-entry because that's bullshit.
We don't take that out.
Are you joking me right now?
I'm quite baffled at that one.
Can't believe his eyes.
I'm actually baffled.
Make perfect equal lows below.
Fucking respecting bearish order flow perfectly all morning.
And then we just do this.
What?
Without taking desired target.
That's wild.
But I... It's market for you, I guess.
That really don't make much sense at all, though. short vwap mes no i still think she's going to retest those spots.
She's going to do this weird pop first, I guess.
I'll sit back and show right now
because that is
not what I want to see
Very strong kick right there tab to 100 I'm also short here just above POC.
If you have tick arbitrage, that's your first extended dot on the day.
One minute ago. I have stopping profit right there. Oh. Nvidia is approaching a double top
It's also a big daily resistance on a video
I'm done trading
Because
I'm not going to faffle in this
Brutal
You don't want to risk your net worth
In choppy market conditions
I do Hell yeah Sign me up You don't want to risk your net worth in shopping market conditions?
I do. Hell yeah.
Sign me up.
Let's ride. That was a good one.
Someone wrote,
that must have been Ginny Sack getting out of bed.
If you know. That was a good one
my wife's honor
my honor
my car just broke orb high
screaming up almost 6%
right now.
Holy shit, bud.
Probably means SanDisk is going too.
Yep, SanDisk 5% up. UNDOS has reclaimed $10.はいはい I think IB is about to form.
Data says we should take out the low.
SPX, high risk, 67.55 put.
Heard. This is us. Спасибо. Here we go.
Here we go.
Here we go.
Pad value area high. flat es
these equal lows are fucking ridiculous
i'm short off of the area high.
Stop break even. I'm short from 35.
Stop is just above an algo level I have. It is at 2530. So either I make more money or I make money. 20 point gain here.
Cling ore blow.
Flip this five minute red for me, that'd be sick.
I got ticket out in profit right there.
Long gold, 10-minute CBC. ... Продолжение следует... I shorted it again, same price.
Stop, break even, like two points in profit
I got a second break even bro and do you stop lying to me you're not gonna leave those eight below
Quit playing
It does that'll be a target later
But I'll be kind of shocked if we just leave perfect people is like that for the rest of the day, and that's like low a day.
But that'll make it a
beautiful target for sometime in the future.
Market hates equal lows, but
fucking made it perfectly
this morning.
Stopped SVX, hiya dang.
Not delivering from anywhere2ん
ん Oh, when did that happen?
I had a retest long.
I was watching the 2 on the 5, I could have taken that, that sucks.
What, are they gonna take us all the way to fucking London High now?
Are you serious?
Where are we going? I'm almost kicking back now.
Dude, those equal lows are nuts.
I don't trade ICT concepts, but I do use that.
It looks so weird.
Wait, what?
I said the equal lows on NQ look nuts.
Like, I don't trade ICT concepts,
but I use, like, that kind of structure.
It looks nuts, dude.
Never long when we have equal lows below.
Never short when we have equal lows of high.
Or equal highs of both.
It's just...
It's a rule I live by.
That's just a good rule.
I hate how it gets painted as like, oh, this is ICT, you have to trade this way.
I mean, you can call it whatever the fuck you want.
Back test it and see that it works.
I don't give a little shit what you call it, you know?
Exactly, bro. Now I have a beautiful target for the future I guess
but definitely wanted to see those get ran through this morning
it's been garbage for me this morning
breaking up on loss It's pretty garbage for me this morning.
Pretty keeping up on loss. Oh, here we go.
Going for highs.
We're well for the lows.
Go for highs.
I'm short from 62.
And I got taken out and pretty much break even. Okay, that's a scratch thing, though. I'm short from 62.
And I got taken out and pretty much break even.
Okay, that's a scratch.
We're kind of sharing now.
I'm going to go ahead and put it in the middle of the middle.
I'm going to go ahead and put it in the middle of the middle.
I'm going to go ahead and put it in the middle.
I'm going to go ahead and put it in the middle. We'll go fly to London, I guess.
London High is at 146.75.
Jeez Louise, bro.
Next dip, I'm getting a push spread, and I'm going to be getting calls.
I'm getting a push spread and I'm gonna be getting calls
Well, I talked about that 24,900 that was basically our low notes
Spx five points from previous day high
Vicks just bleeding out.
Overnight lows.
Might be a little flag support round.
Almost 23 even.
One dip.
I got a foot spread.
And I do calls. Okay. Yes, long 10 minute red
i just took that out on cue maple
mind reading risky because the pivot broke but i wonder if we get back into the london orb
my stop is a break of this wick.
I got Nick and Nulo on the candle, you know?
Right.
Yeah, it's right there. I just got taken out.
That's okay. so
one two three four five six gonna be a seventh green candle in the row in the
five minutes straight up from those equal lows no pullback no nothing no
curveball no change up just gas. It's actually gross.
Beautiful if you fucking blindly just along the bottom, I guess.
But holy shit, man. Scales at previous day high, about a point higher. Six-point gain.
Sold half.
Huge.
Yeah, it's still popping.
It's still popping.
Pop it like it's hot.
London Orb Highs, 830.75.
Premarket High, 833.5.
Gold trying to hold 10-minute CBC
and lower time frame EMAs for the longs. Yep, over previously high SPX.
We are at that VIX pre-market support.
So, and a little extended on the tick. the tick so wouldn't be grabbing longs right here
I'm looking for shorts forget one more reach up and an algo level at 114.
I need a dip, I need a dip, I need a dip. I'm grabbing it here because of the candle pattern.
Oh, you're shining up for the moon.
Okay, I was wrong.
Not what I wanted.
Not what I wanted, not what I wanted.
All right, well that execution was just off. That's okay. Thank you. That's an ugly. Thank you. I'm short at 100. Stop us at this five minute flip screen. Getting a bit of a sell, five points, stops in profit.
Should get to, should get a dip down into like 81.
Here's, here's 10 points.
It's the 81.
Come on.
Stop is a 92 in profit
i got taken on profit right there cool
that was what i was trying to do with the other the other few times
all right cool amkr is continuing if you ended up holding the swing.
That was my chair, I swear to God.
Dude, that's all I could think about when it makes noises like that.
I was like, oh my God, they think I'm...
Ripping.
They think I'm ripping her. 185 in video
all right ladies and gentlemen spaces netting 50 points and after this move
i'm good
and I'm done training for today
I'll catch you guys all tomorrow
catch you guys
Mr. Joseph
yeah I'm a good one
two years
yeah take it easy bro
yeah
I'm probably done
have a shitty morning for me
whatever
shit I should but whatever I would have taken that a thousand times over
I'm fine with that
so I would have taken that a thousand times over. I'm fine with that. 10 point gain
scale to quarter
I'm going to pull back to a single gap. Thank you. If we just rip through London high,
I have Thursday's high from last week.
It's the next big spot.
Crazy. Thank you. you
yeah I got 830.75 London or by 833.5 pre-market high Thank you. eight minutes till 11 o'clock seven minutes actually guess i'm wrapping it up man nick's starting to lose pre-market load
Nick's starting to lose pre-market load
In the sand for shorts on gold there we go pump it yes
They're about to see overnight highs, like 138, 139.
Come on, come on, get up there. Straight up.
Cool. Yeah, there's the second tick arbitrage extension dot, but I do not fade the upside ones when bond versus treasury
liquidity is pointing straight upside.
And VIX is dropping out.
At the scale again here.
Yes, 15 points.
6830 SPX closes a gap in another 10 points that's the thursday friday gap
15 point gain mes sold down to the runners yeah we're at those guys here let's see what happened
you Okay. you're London high not one pullback this whole time up
straight up from the equal low
no clear spot to try and capitalize on this at all straight up from the equal low
no clear spot to try and capitalize on this at all Thank you. She's still climbing. Yeah, I'm in it climbing Still got London
Right now
There it is
We're a point away there
Did we get it?
We did get it
On ES
I don't know
Yeah we got it on NQ
Yeah it's not quite close.
Oh, and not a single pullback to get to this fucking target, dude.
It's crazy.
Gosh.
Well, there she goes.
There she goes.
Coming for those equal lows one of these days.
That'll be a nice target for one of my shorts that I take.
I will fucking get those.
Okay. Thank you. hi w and gets a 256 80 i'm starting a short and a hoshi damn does come on get up there it's another thick
arbitrage extended dot
5680
you can get up there
I know you
you can do it
I don't have the conditions You can do it.
I don't have the conditions where I'd fade this kind of extension, though.
Always fade it.
Six points left for an SPX gap, though. Boeing just released delivery numbers Major drop
2% down candle on Boeing
Let me see that.
Ooh. Are we just gonna
fucking keep flying? Holy shit.
Wow, that's ugly.
Let's go, gold.
Get over 24. They're cooking.
Alright, that's 20 point gain on MES.
I'm gonna trail the stop.
Very nice, MAPES.
Dude, it was tough. I mean, like, I only took a tag on what was it the
fourth ladder small position at Lowe's and then I shorted VWAP again took a tag
there in the SPX right but I had to switch I saw CBC was bullish they gave
a red candle and I can't ignore it. Yeah, I get you.
It's still a decent day.
Watch 190.
That could be a spot where we actually
maybe start to reject a little bit
and just get one pullback candle at least.
Then up what?
What is it?
Five, not five, ten candles.
I don't know, we always had 11, three, four, five, six, seven, eight, nine, ten, 11.
This is the 11th currently.
11 green fountains.
But I know for a fact that that setup with equal lows below is so unprofitable long term.
If you're trying to take that play over and over from a longer term scale, that is...
It'll snatch you.
Now almost a 4% down candle in Boeing.
As much as I hate seeing something like that play out.
Trump just said the U.S. has ordered 25 new B-2 bombers, couldn't hit Iran electric production, but doesn't want to.
Dude, we have not pulled back at all.
I thought the war was over.
Yeah, right? What the hell?
What the hell is this shit?
There's gold over 24.
I'm going to sell half just to de-risk.
Guys, starting, IWM puts, 256 puts for tomorrow expiration.
Okay. We on puts, 256 puts for tomorrow expiration. Hey, hey, hey.
Getting a little tired up there on IWM.
So I'm going to get the starter, and then if we get up to the level that I actually wanted, I will add.
And if we dip right now, I'm looking to take some off around 255.80.
Dude, this is gross.
Oh my gosh.
dude who fucking just longed the bottom and has ridden this
besides me
I mean I did say we were approaching that double bottom at 890
there's no world where I long with those equal lows sitting like that though
it's just not having them.
Again, long term, that shit is so unprofitable.
Hey, IWN, come on, keep going, keep going.
Should get a pretty decent drop right now i'd say at least another 20 to 30 points i mean we just went up 11 candles in a row and what over 250 points 260 points
this is the first neutral tick in oh in like 35 minutes right now
like 35 minutes right now.
Come on, IWM.
You need more, too.
Show us what you got.
Show some IWM there.
There we go.
IWM dropping now.
Should we get to 255.40?
We may.
We may.
We may indeed.
We may indeed. Thank you. Oh.
gold micro higher high
231.8 next target
if they can maintain over 224
never heard you all so down on an incredible day it's not an incredible day though personally
i'm green bitch a lot of people will equate a good trading day with how much we moved or like
if we moved and it's not how I define a good trading day.
I define a good trading day with,
did I get clarity with setups?
And of course,
movement tied to that as well,
but it's not just movement.
Sometimes you move a thousand points in a direction and there was no real
conviction to have on it and it doesn't make it a good day necessarily.
But it's all about how
you define that personally for your own trading.
For my trading,
it's not a good
trading setup when you make equal
lows like that, which are a magnet for the market
fucking 90% of the time.
With resting four-hour
order flow sitting below us at Asia lows
that are extremely likely to get retested.
Yeah, not good.
Not good.
But it's all about what you define as good trading day.
If it's just movement, then sure. Thank you. Okay.
Okay.
I just trimmed again on IWM and I have a stop in profit now.
Nice.
I saw crude oil down 11%.
My whole watch list was pretty flat, except for what, PLTR down 3.6.
Everything else is within a percent or so.
I have a side circle, up 5%.
Hmm. Thank you. I'm going to get to start the remaining
on IWN and profit
and that will be that
and yeah
someone just commented
they said now we know why
you've seen higher call premiums earlier
and yeah this is the reason why we just had
11 candles in a row
a 280 point
ripper i kind of like microsoft up v walk here i still need to add more microsoft leaps for 2028
and uh netflix too
i need to get on that.
I need to get on that. Goal, there we go. Orb high, baby.
10-point gain. Sold the quarter.
Let's go.
Yeah, getting a nice push.
Okay. If Qs gets a little bit here. Thank you. Here we go.
Here we go.
Rippy.
Rippy gonna get drippy.
oh yeah it did. Thank you. IWM coming back up.
Spine Q still is sitting.
I added an SMT divergence from the tick to the chart thing.
SMT divergence from the tick to the chart thing.
And two minutes ago, a bullish SMT tick divergence
just happened on regular tick and spy. Thank you. Okay, new highest tick of day, 943.
Cool. Cool.
Mm-hmm.
Mm-hmm.
Helpful. Oh. Oh, boy.
Buy red, sell green, ES.
Be careful pre-market high.
It's tough being super long at a resistance.
That is a tick extension there. Okay. Thank you. Thank you. Okay.
I see new highs here.
Three more points to that gap fill.
Gold pre-market eye test, 238.7. Thank you. Thank you. Okay.
We're doing nothing.
Rivian's going to that level I wanted, by the way.
Ooh.
I mean, not Rivian.
Sorry.
IWM.
Hmm.
I do want to see...
What's it called?
IWM.
So that 25680.
And then if they go even higher, the 90MA at 25775. IWM, so that 25680,
and then if they go even higher,
the 90MA at 25775.
I'd look to short IWM again today
if I got the opportunity.
And if I see it,
obviously just looking weaker.
All right. Thank you. I want MQ to get new highs.
I need to get a call spread.
I need to get a call spread. Mm-hmm. Thank you. oh i want higher okay iwm is doing it come on
i'm about to try and take out the high it looks like goldilocks
mm-hmm aren't you wise taking out the high and
come on
okay I'm gonna go for a walk
I'll be in chat
that's for
uh walk. I'll be in chat. That's for it.
I am going to go.
Minxie's out of here.
No worries.
You're going to take it easy.
Thanks, you two guys.
Oh, sorry, Judy. I meant to say that was for my life.
I'll be here for a little bit. Oh, okay. You're good. No, it, Jordi. I meant to say that was for my life. I'll be here for a little bit.
Oh, okay. You're good.
No, it's your funny.
You're going to Pilates?
Not today. I've got some meetings and stuff I gotta
get done. I was on vacation all week
last week, so.
Oh, nice.
Yeah. Alright, guys. Have a great day.
See you later.
Bye. Bye, guys. Have a great day. See you later. Bye.
Bye, mate.
I walked over 10 miles yesterday.
Damn.
Yeah, it was a lot.
Cap from fire.
My knee feels pretty good after that, to be honest.
Let's just go.
Yeah, not having any trouble?
I mean, I'll be honest.
I just moved it a little bit, and it's like tiny, tiny, tiny bit sore,
but it's pretty good.
Yeah. Yeah. so
boy we have slowed down down Thank you. Gold still cruising.
Haven't taken the high.
ES and NQ now just lagging. all right there you go gold over pre-market high almost 20 points here
it's a clean buy red sell green three-minute control three minute control. Thank you. . you
Got about 30 minutes till lunch
Price is definitely starting to slow down a little bit took some big spots at that London high I'm gonna be looking for those
lows probably into tomorrow or sometime this week to get taken out but um it's
It's pretty much a done morning for me.
pretty much a done morning for me
See what else this market has to offer.
But oil down 11.5%.
It's definitely helping the market a bit.
I will be right there.
20-point gain, gold, sold down to the runners over pre-market high.
10-minute CVC guiding us. Thank you. . I'm going to pin a post up here. That's the Tick Arbitrage Toolkit,
but adding in divergences that I've been mentioning during the session today.
So if you want that, hit like on that post,
and I'll be following up with the script.
I don't think we're updating the Luxago official one on the trading view.
It's the only way to get it unless you want to make it yourself using Quant. Thank you. . Thank you. Thank you. ... ... ...
... ...
... ... Biddy is a beast today. About to hit the third orb, three orb ranges.
Target is 186.65, but it's already acquired the first two.
Almost got its first 21 retests on the 3-minute since 10 a.m. Thank you. . Thank you. Oh Google looking nice for get to go That's a good new high day
and the SPX gap has just filled 6830.
The only other upside gap that hasn't filled runs to 6908 is the gap, and then it starts at 6843, so that's a 60-point gap, but half of it has filled up at 6900 but there is still some upside gaps I think a little too ambitious for today
but they're there have them on your chart Thank you. Thank you. Thank you. Where we at?
Where we at?
Where we at?
Where we at?
Where we at?
Where we at?
Where we at?
Where we at?
Where we at?
Where we at?
Where we at?
Where we at?
Where we at?
Where we at? Where we at? Where we at? Where we at? Where we at? and two just chopping now.
Yeah, I filled that spooze gap, and
that may have
been the target. Now 10 points off that.
Yeah. Basically, just
hit that one high and started chopping.
A little crazy
morning.
Not what I wanted, but I'll come back and get him next time
I really would have loved to play long to London High
if we just dropped a little bit lower
what happened to that
it did not retrace very much
nah got that little dip.
I just, yeah, definitely,
definitely had us going a bit lower
before making this big move,
but sometimes that's the market for you.
They just gave me one retest
of any of the five-minute gaps
that we made on the upside on the
way to London High I would have tried to play it long from there as well but I mean straight up and
I don't formal well not formal into it I need some sort of retrace Thank you. Thank you. Adobe is interesting. Retested the CHACH on the daily.
At that CHACH level.
This morning.
They do report.
Is that Thursday?
Yep.
Adobe, I think, is a good one to watch for.
Adobe, I think, is a good one to watch for.
Yeah.
Yeah. Yeah.
I looked at Oracle premiums, and they're just a little too high to be excited about.
So, like, maybe, I mean, it's a little compressed and beaten down.
Maybe something, but it's too expensive for an attractive risk reward for me. Thank you. Thank you. Brutal. Thank you. um
um Thank you. No. Thank you. Thank you. are you uh hopping to stream jordan um here in about an hour we're gonna we're gonna roll into
a conversation with austin hankowitz and some more investors just on kind of talking longer time frame charts
and see what's happening from a different crew.
So, but you're welcome to stay on as always.
But I know you're probably going to have to lunch
and get some food.
I get hungry if I don't follow the schedule.
I will forget to eat.
You got to follow the schedule, baby. You got to follow the schedule, I will forget to eat. Gotta follow the schedule, baby.
Gotta follow the schedule.
Have a great morning, BK.
Always appreciate you, my man.
If you guys aren't following that Lux Argo account, you definitely should be.
BK's the GOAT.
We appreciate you.
Cheers, y'all.
Make sure to like and follow the pinned post if you want that tick arbitrage.
Have a good day, bro.
Casey.
Thank you, mate.
Yeah, Casey missed a good day for that.
I know.
Where was he?
I forget.
I don't remember where he.
I think he said he was gone somewhere today.
I forget.
Maybe he's just on stream.
I don't know.
Enjoy lunch, PK.
Thank you. you
Stop shopping still chopping a little bit. Why isn's not letting me invite certain people what the heck
what the heck what's up options mike
doing all right doing all right i'm trying to get x is just
i don't know lately when i try and invite speakers for whatever reason, it just doesn't work very well,
but it looks like all the boys are showing up here anyway.
I don't know.
Last Thursday, it just kept kicking me nonstop
until I gave up after 15 minutes.
It's so weird sometimes.
Crazy morning in the market, too.
I got kind of...
I took one break even, one loss.
Honestly, it's kind of butt hurt about it, but it is what it is.
I really thought we were going to rebalance just a bit lower.
And then I wanted to look along from basically the overnight low and like 832s on NQ.
That 45 minute move.
And we just made perfect equal lows instead and ripped from there, which I won't long above perfect equal lows like that on the futures.
I just can't because the probability is low.
But then you see something like this happen today, and it's like, ah.
Yeah, so it's a tough morning for me.
But it's been a good month so far.
So first loss of a month.
I'll get it.
Rough.
What's up, Austin?
What's up, guys? What's up, guys?
How's it going?
Your boy has been sick for a week now.
Oh, no.
Unfortunately.
Yeah, dude.
Just been going through it.
Luckily, I don't have the flu or anything or strep throat, but I've just been down bad.
I went to the doctor over the weekend, all that fun stuff.
But we're here.
We're coming in hot.
I've got tea and unlimited cough drops here in front of me.
There we go.
I'm optimistic.
We'll make it through the hour.
Good stuff.
I apologize that you're not feeling so well.
No, dude, all good.
I think we're still going to have a great conversation.
It's been a wild market.
I think we've got a decent amount to talk about with everything going on since the last time you've been on.
I mean, we got war breaking out.
We got volatility spiking to like 31 yesterday, which was insane.
And markets just...
35, dude.
35 in the after hours.
Yeah.
It's just insane.
So, yeah, Austin, excited to dive into the conversation i
know we got some great panelists and yeah speaking of great panelists well 100 is that jay woods i
see what's up man hey austin how you doing buddy it's been a while it's been a long while it has
been man i'm actually i'll be over in uh in new y. I'll be attending that like stock exchange mixer thing going on like that first week of May.
So maybe if you're around, we'll grab dinner or something, my friend.
Yeah, definitely.
I don't know what the heck you're talking about, a stock exchange mixer.
It sounds interesting.
But yeah, I'm in the building all the time.
I will be there.
Amazing.
Amazing. Well, obviously, really grateful that you joined us the time. I will be there. Amazing. Amazing.
Well, obviously, really grateful that you joined us here.
I know we haven't caught up actually too much even here in 2026, but excited to get your
perspective as well as everyone else's, including our friends over at Neos and Options Mike
and everyone else hanging out with us today as it relates to what the heck is going on.
As a quick set the table, my name is Austin Hankwitz.
If I sound weird or different, it's because I'm sick for just now tuning in. I'm the co-host of
the Rich Habits podcast, co-founder of Wits Ventures, head analyst at Grit Capital. And I
just like to talk about personal finance and investing on the internet. As you guys might
know from these spaces, it's about once every other week, once a month, we try and get together and just figure out by bringing in some incredible speakers,
some awesome fund managers, and people who are boots on the ground in New York, Wall Street.
They're doing their thing, right? They got some really cool perspectives to share for us here.
And that's the goal. So the topic, as you guys can all see here at the top, is alpha investing
during war. Where is it safe to invest? And I think I want to just set the table and preface
all this with, I've come to the conclusion, and maybe this is just a great jumping off point for
other people to talk toward as well. During midterm cycle years, specifically when it comes to cryptocurrency,
but now even as you look around the S&P 500 and the NASDAQ and just look at performance of these
midterm sort of years that take place, it's much more about capital preservation
and hedging than sometimes growing your portfolio. And I think there's a lot of great quotes and great fund
managers that talk about this, but at the end of the day, what I think is important right now for
me personally as an investor is to ensure the gains I experienced from 24, 25, all that fun stuff
doesn't just evaporate as we experience 50, 70, 90% drawdowns in some of these high beta names
that people were chasing and excited about, specifically last year, that all happened to
peak in October and November of 2025. And so for me, just to kind of give you guys a perspective
into how I've positioned myself heading into 26 as an investor portfolio, half a million, 700,000,
something of that in size. So you guys can kind of put that in perspective too here.
But I'm grateful to have so many other people speaking today that are going to talk toward
their own portfolios. But for me specifically, it's been like, okay, international is interesting.
It's cool to see that Stan Druckenmiller's interested about
some international stuff because he's the GOAT. I think, obviously, energy was beaten down. Now,
we look around. This was me, call it, two months ago, averaging into energy, averaging into
international. That worked out really well. Let's call it January, February, early March.
Now, we've got some craziness going
on around the world that we'll talk about for sure. But then also, again, things for me is
the hedging side of it all, right? QQQH, SPYH, and I'll let our friends over at Neos chime in
about what those things are specifically. But I've just been really focused on, hey, I've done well in 24 and 25. How can I ensure now that
I flip those profits into something that maybe isn't cash? Maybe I'm still invested, right? I'm
still moving and grooving with the markets, but being cognizant that midterm years, which is what
we're experiencing here in 2026, right? midterm elections, midterm years tend to be
pretty volatile, not just for cryptocurrency, but for the stock market as well. The stock market
hates uncertainty. And I think we're getting a lot of that right now, just in general as a broad
theme for midterm years, but more specifically during times of uncertainty with war and Middle East conflicts and things like that.
So I'll pause there. And I've got our friends here over at Neos. I just called on you guys
as it relates to QQQH and SPYH. So maybe Troy or Garrett, depending on who's tuning in right now,
would love to get your perspective as to what you've built in your suite of ETFs that offers
sort of a hedging. I mean, I can go on and on about how you guys have sort of structured these
hedged equity ETFs, QQH, SPYH, things like that. But hearing from you would be great.
But then also to get your perspective on sort of why people are bullish, including myself,
about maybe some international stuff.
Energy, you guys have MLPI.
It's just been ripping lately.
So let me talk a little bit about that.
But sort of just give you guys perspectives
on where and how important it is
to have a sort of hedging component
inside of a portfolio
during times of uncertainty,
especially as we reflect upon
what just sort of took place over the last
week or so. No, thanks, Austin. It's Troy here. Sorry that you're not feeling too well. So I'll
try to speak for a little so you could grab some cough drops and have some tea. But for us here at
Neos, for those of you that don't know me, I'm a co-founder and managing partner here at Neos. We manage option income ETFs.
We have a suite of 19 ETFs now.
We're just shy of about $22 billion in assets under management across those 19 ETFs.
And we really look at ourselves as a solutions provider.
look at ourselves as a solutions provider. So providing different option income ETFs that people
could decide whether they're looking at equity, high income, hedge equity, which you were just
mentioning, which I'll get into, alternatives like MLP and energy infrastructure or real estate
or Bitcoin or gold. And then, of course, fixed income and thinking about your asset allocation and where
you might be looking to either enhance or add income from non-traditional income producing
products like a Bitcoin or a gold or something like that. So for us, we really look at ourselves
as a solutions provider, continue to offer and bring out more funds that can fit into your asset
allocation as you're starting to look to
grow or expand that income bucket. Thinking about our hiked products, yes, the market has been
definitely choppy. Think about it's been a number of months now, thinking back to, say, October
timeframe, when this market has just been kind of chopping around and hasn't gone too far since then. So if you think about, you know,
back in October timeframe, we were, you know, in the same area that we are now in the 6,800 of the
S&P. We've gone up, we've gone down. Now we have, you know, what is, I guess, I don't know if
they're officially calling it a war yet, or if it's still a special combat military operation.
But there is a lot of geopolitical conflict going on in the Middle East.
And obviously that's affecting everything from oil prices to the gas you pay at the pump.
portfolios and what we can do, we really try to give the investor different possible solutions
that can help them navigate through times like this, where the market is choppy, where maybe
you're a little bit more nervous, you don't want to be so risk on in equities. So when you think
about some of our core products in the equity high income, like SPYR, our S&P 500 high income ETF, or QQQR, our NASDAQ 100 high
income ETF. We really wanted to build products that were a little lower vol and gave you a
measure of downside protection by providing the hedged equity income ETFs. So for the S&P 500,
we have SPYH, that's our S&P 500 hedged equity income, and QQQH is our NASDAQ 100 hedged equity income.
And those two are really a lower vol, call it more conservative approach to the higher income ones in SPYI and QQQI.
And what that looks like is you're still long all 500 names of the S&P 500 for SPYH.
You're still selling calls out of the money to bring in
a premium that can be distributed out on a monthly basis. But you're taking some of that premium,
instead of distributing it all out like SPYH, you're taking some of that and buying a long
put spread to give you a measure of downside protection. And what's that long put spread look
like? Depending on volatility and a few other factors, you're buying a put 5%, 6%, 7% out of the money on a monthly basis, and then selling
away that insurance, call it 10% away. So you're giving yourself a little bit of, call it a measure
of downside protection, call it a period where the portfolio can breathe. But with that, you have
less income to distribute. So the distribution is,
say, lower than SPYI. You know, SPYI is traditionally sitting in that 12% annualized
range, whereas SPYH is sitting in the 7% to 8% range because we use some of that money for that
downside protection. But for a lot of people, it allows them to stay invested in the S&P 500,
potentially participate on the upside when the market does turn around and move higher, but also gives them a little bit of, you know,
call it easiness at night because they know they have that measure of downside protection that's
being reset every month. And, you know, kind of if you go through the performance and see how it
works in more of these volatile periods, you kind of get an idea of how it works, what it could do on the upside, what it could do on the downside.
For us, it's another way for an investor to take one of these solutions and put it in their portfolio
and still have access to the S&P 500, the NASDAQ 100.
On the other side, for periods when people want to be
more risk on, we have our boosted series, which is our levered versions of the S&P 500 high-income
ETFR. So it's levered of the SPYI, not of the S&P 500, it's a levered version of SPYI,
or a levered version of, say, QQQI with our XQQQI. So for us, it's really just offering those
different solutions. And as people want to be more risk on or risk off in those different
indexes, I think it makes a lot of sense, especially periods like now where people are
nervous, they're seeing gas prices go up, they're wondering what's going to go on.
Is this war going to go on four weeks, like the administration said, or is it going to be four months or longer?
So I think there's just a lot of questions around that now.
And during those periods, you will see, like yesterday, volatility spikes.
For us, we don't shy away from volatility. It allows our portfolios to possibly bring in additional income if it's rolling or we're adding to positions.
possibly bring in additional income if it's rolling or we're adding to positions,
or if it's a rolling period, roll further out of the money because we're bringing in so much
income with volatility spiking. So for us, our portfolios are built with volatility in mind as
we think about the different rules and factors of how they roll, how things are added, how things
are taken off and so forth. I appreciate you walking us through that, man. What are you seeing from fund managers?
I mean, you guys are talking to a ton of people, advisors, things like that, people that are
actually buying your products and sort of implementing them in their own strategies.
Maybe it's too soon to tell, but are you seeing a lot of people sort of flocking toward
call it year to date toward these hedge strategies, uh, international strategies versus more of your,
uh, you know, middle of the road, SPYI QQQI stuff. I mean, any insights you can share there?
Yeah, no, I think when you think about, um, our flows, we've definitely seen a pickup in international. The performance has been really strong year to date, say, compared to the S&P 500. So I think we've seen a lot of flows there. But of course, our two big core ETFs, QQQI and SPYI, gather a lot of the flows just because they're usually, in most cases, a larger portion of people's normal asset allocation, the NASDAQ 100,
the S&P 500. But we've seen flows, particularly international, and I'd say MLP, our MLPI ETF,
which is the NEO's MLP and Energy Infrastructure ETF, as performance has been strong year to date.
But I think people looking for income from normally a sector like MLPs that gives you a nice amount of income, but how do you enhance that income? And I think people
are looking to, given what's going on in the Middle East, thinking about those MLP and energy
infrastructure names, it's been one place that we've seen a really nice amount of flows.
I appreciate the walkthrough. Thanks so much, man. Jay, want to bring you into the conversation, my friend. We've talked a lot here about
international and energy and sort of fun flows and what people are focused on. But, you know,
I would argue that's very consensus and you give me more, um, contrarian vibes.
So, and I could be wrong, but I'd just love to get your perspective. You know, are you, um, aligned on with this sort of consensus view of international energy
sort of boring stuff, right?
Consumer defensive utilities, um, things of that nature, or are you perhaps trying to
catch a falling knife of sass apocalypse?
Like, how are you thinking about the volatility we've seen this year?
Well, the volatility has been great for individual traders.
This has been one of the more confusing markets,
but there have been so many different pockets of strength
and the rotations are quick.
And your audience is the ideal audience for this kind of market.
Just from trade to trade to trade, software I think is the perfect example to start
where you're seeing some crazy moves and you wanted to catch a falling knife. Yeah, the IGV
eased into that one. And, you know, as a technician, there were huge levels. You go back just to the yearly
chart, then you go back five years to different events where software is sold off. And we got to
and held a critical level around the $77 mark. And then you throw in the anchored VWAP from the 2022
low, and it also coincided. But now you have to ask yourself, what do we see in
this market? We're seeing rotation. When we look at what happened last week, what was the best
performing sector when the market was getting hit? It was software, the most beaten down sector.
People are rotating, looking for quick value, quick trades, and they got that relief rally
in software. And now we're starting to turn.
I look at stocks like Palantir, which is in the IGV, the number one holding.
Applovin, which was the sixth or seventh biggest holding, got back to major moving averages,
paused, and now we're correcting.
In fact, Applovin is really reversing pretty hard this morning.
To me, software is still guilty till proven innocent.
You know, valuations be damned, there is a psychological thing happening here where
they're throwing them out. And I think the three poster children for the software trade,
rightfully or wrongfully, are Adobe, Oracle, and Salesforce. And two of those three report
earnings, Oracle this afternoon, Adobe on Thursday. And when you talk
about AI disruption, which is what I'm focused on now, right, when I'm talking about software,
which was the story of the first few months of the year before we got into the war,
you know, they are guilty to proven innocent. It has this feel like they're looking for now the
next Kodak, which could be Adobe.
Remember Photoshop?
Well, everyone can do Photoshop.
When we talk Oracle, we had leadership changes, this open AI deal.
Is it happening?
Is it not?
A lot of questions in Salesforce.
You have agent force, and that can be replicated by other AI.
So this AI bubble that was created is ironically being burst in the software space by AI.
And then you look to the rest of technology.
Two stocks just screaming out right now are NVIDIA and Broadcom.
Earnings-wise, yeah, who's going to fight you?
These things are crushing in all metrics.
Their valuations are cheap historically.
But, you know, poke them with a stick.
They're not doing anything.
They're stuck in a tight trading range.
That floor is rising, and we're holding that floor in both AVGO and NVDA, NVIDIA and Broadcom.
But we can't get that catalyst to go higher.
And I thought that catalyst would be earnings, and it wasn't.
So now we tread water for a little while.
And where do we go?
So the names that have the best opportunities are the most boring names in the world.
No one wants to, you know, I write an article about Pfizer.
It's getting no clicks.
It just won't.
But if you're looking risk reward, where to be in very volatile times, if you're not day
trading some of these software
names that ran up or the opposite. What were the laggards last week? The biggest winners.
You know, look at gold and silver, but look at Sandisk and Micron and Teradyne. These stocks,
tremendous uptrends. What did they do? They just pulled back to the 50-day moving average. They're
now bouncing. They're bouncing very nice. Sandisk, which I own, I don't plan on selling anytime soon. And that pullback while you live through it as a shareholder
sucked. It didn't do any major technical damage. So when we're trading this market, you're going
from shiny object to shiny object. You start at the top, you look at S&P 500, we've broken down.
I wanted to see a flush out.
This is a constipated market, but it didn't flush out yesterday.
The taco trade came back and had that reverse impact, which, you know, if you're day trading,
that was great. But as someone looking for a bigger move and to wash out and get some of the weak hands
out of this, you know, market and try to buy NVIDIA cheaper, try to buy Broadcom cheaper, we're not getting it.
So it's just sideways action with steps keep going lower.
I still think the S&P is going to touch the 200-day moving average.
It has a date with that, 6586 now.
has a date with that, 6586 now. But the action is really, you know, just some pockets of
individual strength, which happen to be movement in the tech sector. And if you caught some of
these energy names, and then you did, I think Exxon's flagging, I don't think that trades over
that that stock broke out of a major, major base come January. And now we're kind of pausing, correcting, and see what happens.
But overall, the market is just chopping sideways.
Tesla is another one.
I mean, this was my pick of the year.
I got stopped out at 420.
I lost 60 points on the trade.
But I still, if this can hold 400, 390, 400, give yourself some wiggle room, I still think it's
poised for a great second half. But right now, no position in the stock, waiting to see a little
more conviction in the stock, and I'll chase it. But there are some names right now that have
beaten down them. Ian Oklo, Oklo, how do we pronounce it? I've traded that
one in the past and that looks like it could give a day trader a nice little run back here.
Let me get the exact, you know, to the 50 day moving average. But, you know, I don't have high
conviction that it's turned around. But stocks like Pfizer, stock like Target, these are turnaround names that should trend
higher over the next quarter or two. But man, they're boring. And I hate talking about them
as like, hey, these are the stocks I like right now, Bristol Myers. But that's kind of where the
puck is going if you're trading from the long side, from the short side. I wrote something for CNBC
Pro a week ago about
shorting Apple Oven. And, you know, knock on wood, you know, I'm not taking a victory lap.
The trade's not over. I need 425 for me to say some success there. But, you know, the tech
novels are winning right now. And, you know, I don't think the software leg up in the turnaround is complete.
You know, there's no V.
But, you know, I would nibble again at AppLovin at $4.25 and hope that we're starting a turnaround in this stock. But right now, no, it's a tough market.
And long term, I like it.
But short term, you mentioned the top of this call, election year.
It was my thesis from the beginning of the year when I called for a 3% to 5% gain overall,
was that these markets tend to struggle and the headlines have been crazy.
And given the headlines, I think the market's doing great.
So I'll shut up and throw it back to you and see if you have any follow-ups.
Excuse me, sorry.
I tried to chime in, but I coughed there
at the perfectly wrong moment.
Love this breakdown.
I think a couple of things you mentioned
really stood out to me.
The first one is the technicals, right?
We've got, I completely agree that the S&P
has a date with the 200-day moving average.
That has sort of been my base case over the last, call it, month or so, six weeks, which is like, I'm a firm believer in sort of stage analysis, which means you've got your basing phase, advancing, topping, and then declining phase. And over the last, you know, a bull market at its core is just a series of
higher highs and higher lows, right? Like that is the definition of a durable bull market.
And the S&P 500 as defined by the SPY ETF has not done that in several months, several weeks,
at least, right? I'd say the last durable high here
was the end of October of 2025.
And then we had that sell-off heading into mid-November.
And yeah, we did make a higher high to, you know,
sure, like we did hit all-time highs here
in January of 2026,
but it's just been this sort of back and forth trading thing. And the WICs are so,
they're all over the place. And so I agree with you that the 200-day moving average is what I'm
personally watching as it relates to the S&P and things of that nature. But something I want to
ask you about as someone who I think has a great pulse on the market, is what's happened with the MAG7 year to date. If we look back into
2024 and 2025, MAG7 was awesome. It was a great trade. These names crushed it. And now we look at
the MAGS ETF and we kind of look around and we're like, okay, where is alpha during these war times?
And as we kind of reflect upon 2022 when we're going to war, I'm sorry, when Russia was going to war with Ukraine and like all this stuff was going on and AI was all over the
place, it seemed like the best places to be, especially in 2023, was like the Mag-7. They
had massive balance sheets, like these names were sort of these blue chips that you wanted to have
in your portfolio. Well, now we're entering times of uncertainty and the opposite is true, right?
Where year to date, you look at the Mag-ZTF and it's down, it's just barely above its 200-day moving average at the moment. But it sort of just goes to show that a lot of the excitement times of uncertainty and volatility like we're experiencing right now after what's going on in the Middle East with Iran.
And it just sort of confuses me.
So one, do you have any perspective on that as to why you think that investors are moving away from the MAG7 right now?
Is it valuation?
Is it growth slowing?
Is it whatever?
And then two, where do you think that capital is flowing to?
You mentioned that Broadcom and NVIDIA are awesome names.
And yeah, Broadcom, I mean, dude, they just knocked their earnings out of the park.
Crushed it.
Yeah, it was awesome.
So yeah, just I'll pause there and let you sort of answer the question around the Mag7.
Yeah, I don't know.
This audience knows me because I haven't been on in quite some time,
but I'm a technician first. And I always skew, and I think most of us in this audience skew
bullish. So what I do when I look at the MAGS chart, which just got above its 200-day moving
average, when I look at the S&P 500 chart, I invert it. Some tech, I know stock charts,
you have the ability to invert. TradingView, you have the ability to invert charts.
And if someone showed me that chart and I didn't know what it was,
like, wow, this is a hell of a bottom and it looks like it wants to break out.
And that's how my mind is always skewed. So when I inverted it with my team here, I'm like, oh my God, guys, invert it. Tell me, tell me, would you buy this stock? And you wouldn't.
We have nice rounded tops. Now,
as for the MAG7 and that rotation, I don't think the MAG7 trade is over. I mean, they're just not
magnificent right now. What's magnificent? Well, we had energy materials staples. It is the
historical cycle of a bull market. We are rotating into sectors that are late bull cycle sectors. Now-
Bingo. Talk about that. Talk about that more. That's important.
Well, yeah. And now energy and utilities are where you want to be. It's a natural rotation.
We saw rotation within technology, which was amazing too. Software again, thrown out,
but now you have some of the hardware names coming back.
Yeah, I mean, these are normal cycle behaviors. But when you look at market weighting,
everyone said, oh, the MAG7 lifted us to these all-time highs. They did. They did. They're the highest weighted stocks in the world. But those weightings are starting to rebalance. And when
that happens, they aren't going to lift us to new highs.
So when I said this market was stuck, I talked about it again. We're not going to break above
7,000 unless we get NVIDIA and Broadcom and say Alphabet to continue. Alphabet,
my favorite of them all. We're not going to get it. And when some of them break down,
like Microsoft, like Meta, I'm going to even throw Palantir
out there.
I know it's market cap's not even close to these, but the technicals were very similar
and the earnings were good, yet it didn't do well.
That is a sentiment and a psychology change.
But when you look at the market breadth over the first two months of the year, it's fantastic.
And you're seeing these stocks in energy, regional banks, financials have been a dog, do very well.
So we see small caps lead. And when did small caps lead? They lead in bear market cycles, bearish markets like 010203.
And then during the financial crisis, Russell led. We don't want the Russell to lead.
Everyone's like, oh, we want to go small caps. Come on, join us.
No, when the small caps join the party, the party to lead. Everyone's like, oh, we want to go small caps. Come on, join us. No, when the small caps join the party, the party's ending. At least the cops are at the door and it's time to
hide. I don't think this is the end of the bull run by any stretch of the imagination. I think
it's poised to go extremely stronger once we get through this election cycle, go year three, year four of the presidential cycle.
And given the run we've had, we're digesting gains and the earnings growth is there. And
that's why it's great being a technician because I'm just following the price action. I know the
stories behind these stocks. I know what the P-E ratio is historically, that historically staples
now have a better P-E ratio than these Mag7 stocks ex-Tesla.
And I also know that Walmart is overvalued from a P-E type of P-E, from a price-to-earnings
ratio.
But the chart looks good.
It's holding its 50-day moving average.
But I'd rather be in Target than Walmart from a technical point of view because it's got
more to reverse. And I think the reversal is underway. So rotation continues to be the theme. It's the
lifeblood of a bull market. That's a Ralph Akampura quote and it's what we're seeing help this market
continue to tread water and stay afloat because the Mag 7 names are lacking. When they come back,
they're going to come back with a vengeance.
But look at what NVIDIA and Broadcom have done the last three years.
All right, we're not going to get double-digit returns this year.
Perhaps.
I still think we could.
But for the last seven months, I mean, six months, NVIDIA's up 3.4%.
Meta's down 13%.
This is six months.
Broadcom's down 5.57%.
But you go back a year, Broadcom's up 89%.
NVIDIA's up 71%. So the gains are still there, but we got used to, all right, well, you got to
keep going. And right now, no, money is flowing to other places. So you have to go to those other
places. But as a long-term shareholder in NVIDIA and in Google, I still call it Google because
the symbol is G-O-O-G-L.
But I'll call it Meta.
It's not Facebook anymore.
But these stocks should be OK.
Meta, I'm just not in.
But the other names are good.
Microsoft's got me a little concerned.
Technically, that thing broke down.
A longer-term trend, too.
I'm watching this 390, 395 area. It's at 405, 97 as we speak. I don't think it's the end of
Microsoft, but I have a bias that I lived through .com. Yes, I'm that old. I bought Microsoft
back then, held it for 15 years to finally break even. And, you know, so I see it's capable of these things.
And then the cycle itself,
not all these software names are going to make it.
And I think that's the first sector
where we're going to see winners and losers,
and we're starting to see it.
And that's why Oracle and Adobe
are so interesting to me this week,
because these, to me, they had the run.
What are they going to do next to get back to those old-time highs? I don't know. And you know, when you go back to marketcap.com and you
go back 25 years and you see where the leadership was, well, maybe ExxonMobil's coming back to the
pack. Maybe this is the beginning of a two, three-year uptrend. I don't know. But the chart
tells me this has a long way to go.
And market cap-wise, that could be back in the top 20.
It may be there now.
I don't know.
It's not in the top 10.
But it used to be number one for years.
So it's rotation.
And MAG-7 is not dead.
It's just resting.
And I haven't seen one of the MAG-7 names die just yet.
I thought Tesla was going to be on the ropes and then the chart looked great. Then it failed me.
So now I look like a fool making it my pick of the year. But let's see what it does the rest of
the year. One thing I've learned, forget the technicals, never say anything bad online about
Elon Musk, never say anything bad about Tesla, and never doubt what
he does. And Tesla is not a car company. Everyone knows that. It's robotics. It's, you know, it's
going to do something spectacular. I just don't know how, when, and why. But it's got such a
cult following that this stock, to me, is one you got to have a little tesla in there it's it's like my bitcoin
of equities if you will um i can't explain it too well uh you know let's not look at all the numbers
because they don't make sense but the stock it just goes up over time i appreciate it jay um
thanks man i uh troy i see you uh took yourself off took yourself off. Turn your microphone back on. I didn't know if you had anything to chime in there. I should flip it over to Options Mike.
obstacles or fundamentals or whatever you're going to look at during these rough times,
I think you have to be watching your portfolios. One of the things I just wanted to mention,
like a lot of people, as was mentioned earlier, a lot of people lean bullish and kind of set it
and forget it. But as we know, things move, things move quickly. So it's always a good thing to kind
of just review what you have, keep an eye on things, whether you have stop limits or others. But it's always good to just refresh and take care of your portfolio maintenance
regularly. Totally agree. Thanks so much for chiming in here. Options Mike, what is up my
friend? Hope you're doing well. Oh, he's updated the uh the banner picture dude what a cool
what a cool photo that's awesome man oh that one yeah man that was on i got invited privately by uh
by tim back to uh to go on past money dude have fun well listen you've obviously been listening
to uh what we've been talking about here today. And again, the thesis of this conversation is like,
what's working during times of uncertainty? Where's the alpha right now? Jay did a great job of explaining where he thinks some of the alpha is, what the charts are telling him. I sort
of set the table at the beginning as well with some international and energy, boring stuff right
now. In your opinion, where's the alpha options, Mike? By the way, this is a great
conversation. The one thing that really this market lacks right now is leadership. We've had
it, but it's suddenly disappeared. Energy was leading for a while. We had gold and silver
leading. We had biotech, the big pharmas. Somebody here was talking about them. I think we had a
place they were hiding. We've had leadership in all different places, but right now, the big pharmas, somebody here was talking about them at a place they were hiding.
We've had leadership in all different places, but right now the banks are leading.
They're not leading. Energy is not leading. Biotech is not leading.
The Mag7 is not leading. The semis are holding stronger, but they're not leading.
As you said, they bought software back last week. I'm looking for a higher low before I get back involved in the software on the igb i think
that's kind of my my my game plan there i think this market has a lot of things that are bothering
it so i don't think it's really hiding in any one place i see money markets were at an all-time high
last week when they released it i think something like that so i think we're seeing a lot of money
going back into uh into money markets and the kind money markets and into places like that, safe havens, right?
I don't think money is flowing into the market right now
like it used to.
And if you just look around
and you don't see the same type of inflows,
even today's bounce, very tepid.
Like that bounce, that 45 minute run we had,
there was no call buying into it.
Volume is pretty much average today.
There's no real buying power coming into is pretty much average say there's no real
buying power coming into this market here and then you have to ask yourself what's really going
on with the market and there's a lot of things everybody's focused on on iran right now and
rightfully so and the implications of you know how are we going to extract ourselves from this
and don't anybody kid you that is not going to be so easy. If Iran doesn't want to stop, we're going to have a very hard time getting out of this. But you also still have
Venezuela. You're threatening Cuba, right? There's a lot of geopolitical instability.
And then the whole AI trade blow up is still going on. It just hasn't changed. And that has
been bothering the market for a while. Inflation is showing its ugly head again a little bit you still have uh you know a a fed governor who's been nominated to be fed the fed chairman has been
nominated but the senate has yet to even take up a hearing on him there's just a lot of unknowns
in this market and this is where i think you have to be careful now i am still along my market i
haven't sold anything this year i do have some cover calls on positions. I love the idea of these hedged ETFs, by the way, here. If you want to trade something,
I hate the idea other than quick trades on these leveraged ETNs right now,
just because they can move against you so fast. You do not want to be sitting in these things
right now. These things are meant to be day traded, not sit in. And I see people in the
biggest mistake they make is they just sit in these things. You know, you look around at safety names like Pepsi and
Coke, which ran, they're not moving. Apple is holding on by a thread. You know, to me,
the natural rotation is going, this market is not done for the year. And my opinion continues to be
that this is not done for the year. I think that 200-day on the SPY looks like it's calling more and more.
I think you're really going to have to have tech lead.
It's going to have to be this MAG7 that come back.
They've been beat up in software because this is where this damage has been done.
And the market's going to be looking for value.
You have to expect at some point it's going to come back to those names.
I think Target looks good here.
I think Costco is still a good buy here, by the way, for what it's worth,
although I'm a little worried about Mexico and Canada and their renewals,
their members dropping off sharply.
I think NVIDIA, Marvel, Avgo, all great reports they should want to run.
You know, those should be leaders at some point again.
NVIDIA has been sideways for, what, six six months now plus it's just digesting here i think you know this the people
saying we're at the end of the bull market i think it's a little too early to say that i mean at some
point in time the bull market will come to an end i trust me i understand that but you know i don't
think we're there yet uh and i think you need to see the banks come back and i think i think right
now for me i'm
just looking for trades every day today i caught a nice trade on marvel i came in long some micro es
futures contracts overnight i sold them in the pre-market so i've had a decent little day
trading with those and looking for little things to do and you know for me right now i'm just
looking for things to do i'll admit i missed nvidia today i was just staring at it and didn't believe
it you know sometimes that happens you just sit there and like, and then, you know, 20 minutes
up, I'm like, I'm not chasing a 20 minute move and decide to go for another 30 minutes after that.
What are you going to do? But overall, I think eventually tech has to lead. I think Apple is
the sleeping giant if they get their AI story right. And boy, that's a big if right now,
but everything that came is coming out on them
and you just kind of have to be patient here i think you have to really be patient the trade has changed i think meta was a fabulous report and that eventually should be rewarded um you know
nothing i don't like there uh google to me ran a ton i'm not don't like that one as much i didn't
like amazon's report but overall i like it And the one thing the market keeps forgetting about these big tech companies with their
big infrastructure spends is they can stop it on a dime.
At any moment in time, Microsoft, Google, Amazon, Meta can just say, we're holding off
on our capex spending.
We're stopping it.
You can only have to wait until an earnings call.
They can just come out and just do it.
So everybody gets really worried about this, but they can stop that in a minute and wait until the
market to come back. So I think eventually these guys will have their day again. It's just you have
to be patient right now. And that's hard. A lot of us aren't patient by trade. And March is typically
a good month. It hasn't started off this way. But if Iran gets settled, I suspect the market goes
back to the chop mode until it's given a reason to move out of it. And that could be another round of earnings. That
could be having to wait for the Fed decision, which would be, I think, May or June before June
before we get a new Fed governor in place. And it could be just some inflation reports that come
down and then go from there. It would also help, by the way, if the man in charge would
back off a little bit.
Just a little bit.
Just a little bit. Excuse me. Do you also have any perspective to share on inflation?
Obviously, the Fed is now getting, at least with what kind of was happening with oil,
I guess not so much anymore, but sort of put between a rock and a hard place between balancing inflation and unemployment, right? Unemployment is rising pretty steadily, I'd
argue. And now I can't predict what's going on with inflation. But as you look around,
call it 48 hours ago with oil through the roof, it's like, wow, maybe everything's now going to
get more expensive and inflation is going to kind of move up with it. So do you have any perspective
on that? And then I guess even a little bonus question for you, not to put you on the spot,
but Stan Druckenmiller just added a massive position in the financial sector ETF. A couple
weeks ago, we saw that in sort of Q4. Do you think that's a play on inflation?
Do you think he, like, I don't know.
So my take on inflation, we had a hot PPI report, was it two weeks ago now?
And the thing that's been going on is we've been seeing PPI going hotter again, or CPI
consumer part, which we're going to get tomorrow morning, has been staying in line.
And I think a lot of that was that companies are just not passing the cost back on to consumers
yet.
At some point, they will.
Meta this morning came on and raised their advertising prices in Europe to pay because
of all the additional taxes Europe has put on them.
So you'll see them.
Eventually, companies will do it.
We have the whole tariff fiasco now to figure out refunds what is on what's not how is this
going to work out are there tariffs anymore you know how is this all going to take place
uh i think from my perspective i think you know it's going to be hard to get to two percent
anytime soon i think oil if it you know if oil continues to hold here and if we can't get the
streets open within the next month it's going to be a big problem for the global economy.
You know, that's a lot of crude and a lot of stuff that goes through there.
And you have a very short window to get the Straits of Hermos back open again before you start causing significant damage to a lot of countries around the world.
So, you know, and that will be inflationary because everything has to be shipped and oil is the energy, right? To make everything.
So when you get oil up at $100 a barrel, everything costs a lot more.
So I think that's a huge problem.
I think the Drunken Miller buying into the financials, we're still looking for deregulation
from Trump.
Remember, he's been promising this since he was running and it kind of backed off the
radar here.
But at some point, I suspect we're going to get some deregulation for the
banks. And I think that's what Drunken
Miller's playing on. I don't think it really had to
move anything on inflation, but
that's my point of view. I don't know what he was
thinking. No, totally. Appreciate that.
Thanks, man. Well, I know
for sure. I appreciate this
breakdown. I see our friend Kim.
What's up, Kim? Since you're a listener,
maybe she's a speaker. Who knows? Maybe she's just No, I'm here. Oh, amazing. She is here. I can hear you just Kim. What's up, Kim? Since you're a listener, maybe she's a speaker.
Who knows? Maybe she's just... No, I'm here. Oh, amazing. She is here. I can hear you just fine.
What's up? Good to see you or hear you or whatever it is over social media. You as well.
We've been talking, I'm sure as you've been tuning in here a little bit about where the alpha is right now during times of uncertainty. I, you know, I, I think it's important. Um,
maybe that's, can you still hear me? Okay. Sorry. I was getting some like reverb. Okay,
cool. Yeah. Can you hear me? Yeah. Just a little bit of like, um, if you're wearing,
are you wearing, um, wired headphones by chance? Oh, AirPods. I don't know. Maybe it's windy.
I just feel like a lot of like weird staticky noise. Can you hear me now?
Yeah, I can.
They're brand new. I just bought them.
Well, there we go. I think it sounds better now. Sorry.
I don't know. We'll play it by ear. We'll see. Am I crazy? Jordan, are you hearing that too?
Or anyone else?
Yeah, a little bit.
A little bit. All right. We'll see. Regardless here. So we've been talking about where the
alpha is right now. And I just shout out to
everyone that's been able to tune in and share their perspectives. And I really appreciate it.
I love learning from you people. And Kim, I'd love to get your perspective too. Where do you
think the alpha is right now in the markets? Is it sector specific? What options Mike was talking
about was there's no clear leader at the moment, which I think is an interesting observation I didn't yet take into account until right now.
So it's like, where do you think the alpha is in the markets?
Okay, let me know how I sound right now. Is that better?
Yes.
Okay.
For me, the alpha is capital preservation.
the alpha is capital preservation. That's my alpha. I look at my portfolio, you know,
That's my alpha.
I have a lot of long-term investments like we've all talked about before. And I look at,
I weighted against the S&P and then I basically reduce my deltas. And I can do that through
selling some futures. So I've been reducing kind of my delta.
So I'm not getting quite as much volatility in my portfolio.
And how I typically do that is I'll either sell covered calls or maybe if I've had a
stock that's had a big run up, you know, get out of like the high flyers, not my long term,
term, my swing trades. And also I'll do it by selling some futures. So I sold, that's,
my swing trades.
And also I'll do it by selling some futures.
wasn't a good trade for a while, but with these big flushes down, they always say, what is it?
Stairway up, elevator, no elevator up. I don't remember in stairways, no stairway up, elevator
down. And so that's been really nice. And I use the micros, micro futures, and I swing trade them.
So it's not that I've timed the market perfectly.
I've just seen a lot of risk.
And I'm just looking at my own portfolio,
trying to reduce kind of the volatility in it as weighted against the S&P.
And then I can hold those futures, you know,
so I'm not like looking to
day trade them. But here's a good little tip. This is what I do. Because you get these big flushes,
as we saw Sunday night, and I don't like to trade headline driven news. I'm not good enough to see
when a tweet's going to come out that's going to push the market up.
You know, I set good to cancel orders for stocks that I really want to add to,
or maybe I want to start a position in for just, I put them for prices where like there's a lot of
support, but maybe they're kind of ridiculous. Like I might not get that price. Because in this kind of volatility,
your stuff can hit, you know,
without me having to think about how to deploy that cash
when things are going down.
Totally. No, I totally agree.
And I think something that we touched on
at the beginning of this conversation,
I'm not sure if you were here for it,
was I also said like, listen, my name the game right now for me is capital preservation. I think during midterm cycle years, we sort of see some volatility. You look back to all presidential
administrations in office and just see the volatility year to year and just midterm years are the most volatile. And specifically too, if you look at Bitcoin and different sort
of cryptocurrency, you know, they have interesting cycles they move in or have been rather moving in
and certainly in a bear market with that. And I just think capital preservation is certainly the
name of the game. And I love that you've talked about using covered calls as a way to still generate some income inside of your portfolio, right? Some
yield while you have these long-term positions. Do you want to maybe share a little bit more about
your specific strategy to generating that income, that premium income in your portfolio with these
long-term positions? Yeah, just so basically,
for me, I see that there's a lot of risk in the market. You mentioned midterms. So if you look
historically at midterms, the market doesn't tend to fly higher, right? And then also,
when you're looking at the risk of these wars, I think, I'm going to try not to make this political,
but I think, I don't think it's easy
once you ignite the switch in the Middle East.
I don't think it's as easy to shut it off.
So I'm not like, I'm not being hopeful that,
I'm sure, you know, you could do a tweet
to say you're going to do it.
But I think these are, we have friends that are Lebanese.
We have friends that are Persian.
These are millennial long grudges and issues that have gone on for millennial, right?
Millennial, the plural.
So with that said, I do see there's risk.
So this to me is a time when I would sell
covered calls against positions. I do try to kind of watch the options flow and see if there's like
bearish, you know, flow going into some of my big names, which there has been. And my big names are
obviously Microsoft, Costco. I think we've talked about these.
It's been kind of bullish on Abgo.
And so then I sell usually the 30 Delta,
but I might get more aggressive and sell closer to in the money,
which I have been doing that more.
And I go about 30 days out.
Got it.
That makes a ton of sense. So then you're generating income.
You're keeping your stock unless it flies higher.
Everybody's probably noticed that when earnings come out, you might get that initial, let's say,
on NVIDIA or... NVIDIA was a perfect example. You got the initial pop on earnings. And so I had
sold, I think, about a 40 Delta because the flow didn't look amazing and the premium is really good
towards earnings. That's where you get the highest premium for your audience. I know you
on the panel know this. And so I sold about a 40 Delta and that just means like the probability
of it hitting. So the closer to the money, the more likely it is that you're going to get your stock called away.
And you saw on almost every single one of these earnings, when they've initially popped,
they've reversed. And it's been almost across the board on the major names.
So I was kind of, I'm a pattern person. I probably have a little bit of autism because I love patterns and numbers.
So in my head, this might not always make sense to everyone else, but I kind of see these patterns.
And so that's another reason why I've been selling calls against my position. I'm like,
the initial pops are getting sold off. So that's just not much of a risk to me to then sell premium during earnings season.
But also, like I said, for the bigger, and I recognize typically when there's battles
or war that the stock market will initially turn down and go up.
But I just don't know how much this stock market is taking into consideration some of the more entrenched things that have gone on over time.
And watch, I'll probably be wrong, and it'll just go fly higher up to 8,000.
But that's why I'm not like, never, I mean, one last thing I'll say to the audience, never sell everything.
I've done that before.
Don't ever do it.
That's my financial advice. I appreciate that. When you do that, that's why I like to delta hedge, essentially.
Just I draw, I bring in my deltas and then expand them when I feel more comfortable doing so.
Totally. Yeah, no, I think that's great, right? Knee-jerk reactions are not a good thing to be
doing here. And no, I appreciate that breakdown, Kim. I also just realized that my ex spaces has
been glitching out pretty bad. And there's a couple of other people that I completely just ignored here,
including Stock Sniper.
So sorry.
I had no idea you were hanging out.
I see Frank.
Yeah, I just see Frank joined us.
Hopefully he hasn't been here the whole time.
I would have called him earlier.
What's up, Frank?
But yeah, maybe actually.
Oh, and we just got.
I see Chris Patel's tuning in.
What's up, Chris?
I have no idea.
My ex thing, it just says everyone's a listener.
So I generally have no idea who's a speaker, who's a listener, who's everything.
But, um, I know we only have five minutes left and I do want to give, um, you know,
Troy an opportunity to kind of sign us off in that last minute or two, but maybe Frank,
if you've got some, um, stock sniper anyone here um whoever wants to
jump in i'd love to just pass the microphone and open it up for any quick hits on where you think
alpha is in the markets as we round off the discussion okay i got you austin um i'll do it
in less than 180 seconds to be respectful of everybody's time so basically when we take a
look over at everything that's happening in the middle east with attention seems to be respectful of everybody's time. So basically, when we take a look over at everything
that's happening in the Middle East with the tensions seems to be the biggest watcher,
biggest driver, at least of the market, at least right now. Sorry about that. I got a call during
the 180 seconds. But it seems like that's going to be exactly where all eyes are right now is on
the Middle Eastern tensions. We can obviously notice from a standpoint that Lockheed Martin products, specifically Lockheed Martin one-way attack drones, and also Lockheed
Martin fighter jets are absolutely dominating the space. They are showing massive air superiority
skills. The fact that we're seeing B-52s in the air, this is a bomber that moves slow, that has
very little defense mechanisms. We can infer that United States slash Israel has established absolute air superiority at this point. We're going into day 10 of this conflict, if I'm not
mistaken. And it means this basically tells us that air superiority has been established extremely
fast during this conflict. So Lockheed Martin is certainly going to be a beneficiary. There's lots
of different countries like Canada is an example that is looking between Dassault, which is
basically a European version
of Lockheed Martin.
And they're also looking at Lockheed Martin, comparing it with the F-35s.
And basically, it looks like there's going to be more countries that are on the fence
about looking into purchasing Lockheed Martin products.
I think that we're going to see Lockheed become one of the biggest beneficiaries of this Iranian
tension right now.
Obviously, we see oil prices are all over the place.
People want to really get
into it and speculate that this is because of the war. People want to get into it and speculate
because these fighter jets are burning tens of thousands of dollars worth of fuel in any given
moment. That's not exactly the case. The case is with these fighter jets, it doesn't really matter.
All that we really care about is the Strait of Hormuz. The Strait of Hormuz has been closed,
and obviously, we all have seen the statistic 20% of the world's oil flows through there.
And for them to reroute this or to find a new way to do this, it's going to cost billions
of dollars. And it's going to take several months, going to take quite a while for that to really
ultimately fix. We've seen gas prices spike, we've seen oil spike, we've seen a lot of different
volatile assets, especially in the energy side of things. So that's going to be the biggest impact
right here. Again, I'm personally not going to touch the energy side of things, because I don't
know exactly how they're going to plan to resolve this. I don't know exactly
how quick it is. We saw the headline come out yesterday. Trump thinks this is going to be
finished quicker than it was originally planned on his four-week time frame. We'll see if that
really is the case. It doesn't really matter. We're not really here to decide when this is
going to end. We're just here to react to what's happening and anticipate what might happen.
But it seems like eventually this conflict will be resolved and the oil trade will resume back to
how it is. The question is, will it still be going through the straighter for moves or will it be
less dependent on there? And that will cost a lot of money to change that. So in a 180 second answer,
Austin, that's what I got for you. My biggest beneficiary of this is going to be Lockheed Martin and the legacy defenders, Northrop, Raytheon,
Boeing, and the final one is General Dynamics. These guys, those five are getting 90% of the defense budget from that $998 billion. That leaves $98 billion for all the smaller contractors.
This budget might even increase to 1.5 trillion. That will leave $500 million more on the table for these five guys.
$480 billion, excuse me. Dude, what a great breakdown. Thanks so much for being so concise
and so straight to the point, man. I think that's awesome. I really appreciate you walking us
through that. I know we've only got about 90 seconds here, so I will hand the microphone
over to Troy to sign us off. Again, everyone, thank you so much for tuning in.
And I feel like a complete jerk
that I wasn't able to figure out
how to call on people earlier,
the listeners, the speakers.
X needs to figure this out.
Elon, what are you doing, dude?
Too much.
This company is worth too much
just to have all these glitches still.
But Troy, take it away.
Austin, totally transparent.
It was my fault, by the way,
just to clarify, not yours.
Oh, dude, All good, man.
Thank you. Thanks, Austin. And, uh, thank you for that, uh, really quick, um, and precise,
uh, recap of everything. That was awesome. Um, but listen, I appreciate being on today. Uh,
Austin, I hope you feel a little better over the next couple of days and, and, uh, just keep
drinking that tea and taking those cough drops, you'll be fine.
And for anybody thinking about investing in the option income space,
always could give us a look on X here, NEOS, or take a look at our fund page, neosfunds.com. But I think anybody looking at this space, whether you're just looking for the first time or trying
to understand ETFs or trying to understand options within ETFs, like do your homework. It takes,
you know, there's a lot of stuff out there. I think as of the end of last month, there's well
over 800 funds within this space alone using options, whether it's for defined outcome or
whether it's for option income. So there's a lot out there. I think there's also a lot of education you could take from different sources
on the internet and spaces like this.
So do your homework
and please take a look at our stuff.
And thanks again for having me on.
Thanks, everyone.
Shout out to you, Troy.
Austin, really appreciate you as always, my man.
I hope you're feeling better over the next few days.
I know being sick can really suck.
So I hope you feel better.
And just big shout out to all the panelists that joined us during the conversation.
Stock Sniper, we had Kim, we had Jay Woods drop by, Options Mike, and some others.
So just a great conversation as always.
Austin, can't wait for the next one.
Troy, appreciate you behind the NEOS account.
If you guys are in the audience and you haven't followed that NEOS account yet, make sure you do.
And we'll be back on Spaces, I'm sure,
with the crew again here soon.
So that's going to do it for today's Spaces.
We are going to wrap up and get moving on
to the YouTube live stream.
I know Ryan's been on there all morning,
probably making some great trades.
So we're going to go join them, hang out with the crew,
and we'll see everybody else on Spaces tomorrow. So have a great day, everybody. If you missed any parts
of the conversation and you want to go back and listen to it, this is all recorded. So as soon
as I end it, you can go back and listen to the recording and, you know, take notes on any pieces
that you may, you may have missed. So we'll see you guys on stream. Peace out.
