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INVESTING IN UNCERTAIN MARKETS!!
Recorded: March 24, 2026 Duration: 4:01:34Space Recording
Full Transcription
Thank you. Thank you. Good morning, Spaces crew.
Happy Tuesday, everybody.
Will's already up here.
What's up, Will?
Good morning.
Oh, another day, another day.
What have we got this morning?
I know we have a little bit of data this morning, 9.45.
Flash manufacturing PMI coming out.
And then Richmond Manufact manufacturing index at 10.
This market is slightly down.
Futures down 0.5% on NQ.
Gold is down 0.5% as well.
Silver down 0.9% and oils up 3.8%.
Looking all right there this morning.
I really like what we did in the overnight price action on nq
that four hour gap i marked out we ended up tapping into that and we're just beautifully
respecting that so far so curious to see if we want to get moving uh in out of this little
four hour range you know into these l these London highs and potentially even previous day high.
Right now we're just under that London low.
We do have Asia low that has been untapped.
Maybe we go grab that first.
But I think I'm feeling a little more... Well, definitely got to be more bullish
with us respecting four-hour order flow.
But we'll see if things change.
Obviously, if we just end up dumping
and get displacement through Asia Low,
I'm going to have to change my thoughts a bit.
But until that happens,
I'm going to be looking for my long setups this morning.
I think the, once again,
the driver of trade overnight and into this morning
will be the oil market and the bond market and those two
oil up almost four percent just shy of 92 and yields continue to press higher across the curve
running basically in lockstep with the price of oil so if we start to see oil come out
that would be a signal where i think you could potentially get long if we see oil pressing
higher over this 92 level you got a lot of open space uh over 92 29 to run so
i would say let's just keep an eye on oil and
these long bonds and I think
that'll give us the direction that we
need.
Yes sir, I'm
with you.
It's Evan
posted this morning. So I know we got a little
economic data coming out today, not too
much, but we'll see about that in 40 minutes or so.
Let me see if there was any stories from Evan this morning.
Just in two minutes ago, Vanguard just announced it's doing stock splits for a bunch of its
largest ETFs.
VUG, MGK, VOOG.
That's a big one that people know.
It's the S&P 500 growth ETF.
VOOG is going to do a 6 to 1 split.
VO will be a 4 to 1.
And there's VGT as well doing an 8 to 1 split.
Wow.
Shares are expected to start trading at the new split adjusted price beginning
April 21st. What else we got? SK Hynix plans to buy $8 billion of extreme ultraviolet equipment
from ASML, ticker ASML, in order to ramp up its advanced semiconductor production capability.
I wonder, let's take a look at that chart this morning.
Hey, so now.
Whoa, time.
It's like it's actually down from the close,
down about a percent and a half right now, a little over.
Interesting.
What's we got?
United Airlines just said it expects to have Starlink Wi-Fi on board all United dual cabin planes by the end of 2027.
Damn.
Starlink on the plane for United Airlines.
Wow.
That's pretty sick.
Can't lie.
Very cool.
It also, an hour ago, they said they were expected to take delivery of more than 250 new airplanes by April 2028. The most by any airline in any two-year period.
What else did we go?
It just lists a bunch of the planes that they're buying, basically.
If you really want to see all those names,
you can go to Evan's page and check that out.
FedEx is trying to compete with Amazon on delivery speed.
That's going to be a tough competition.
Amazon's doing like this hourly delivery right now.
It's insane.
I don't know.
It's only in certain places,
but they're doing,
FedEx is also doing same day in local areas.
Yeah.
Oil is,
flirting right with these highs, 20s now um that would be we need
this we need oil to cool up i think there was we're trying to just go through some of these
headlines from overnight looks like a lot of the pmis were uh well uk pI composite was a slight miss. I think Germany was a beat.
Manufacturing was a beat in the UK.
Eurozone PMI was 51.4 versus 49.6 consensus. So some of the PMI is a little bit more positive.
I thought I saw a headline that Iran's supreme leader
will agree to have talks with the U.S.,
but that doesn't seem to be changing oil at this moment
as oil just broke to new highs here, over 92.
Oh, boy.
92.40 now.
And that instantly puts heat.
Look at that down candle in es right there uh we did just
trigger that 80 65 82 just spiked that low which was the overnight glowback session low in es
82 50 so
see if they can uh keep a lid on this oil under 92. They get it over 92.
Like I said, we had a, I mean,
I guess you got a really small thin resistance right there at 93.40,
but above that, it really can start to run all the way back to 98.
So that is my concern.
And these yields just continue to press to the upside at this moment these long bonds are
are trending and they're trending fast
30 year yields back to 4.96 i would not be surprised if oil pushes higher that we see that
close to five percent and that does not make me that makes me really subjective on trying to take any longs if we get
yields that are just screaming higher really get really going to be hard to take those trades
it's really the long end the the shorter end of the yield curve here the 10-year just went over 440
but the two-year is a little bit more muted here off the highs. It did tag 4%.
And for anybody that's watching, that's a 75 basis point.
I'm sorry, 65 basis point move from the swing low back right on Monday,
March 2nd to the high.
That's a huge move in yields.
Yeah.
So let's just keep an eye on oil. the high. That's a huge move in yields. Yeah. So
let's just keep an eye on oil.
I think that drives our trade today.
By the way,
M is traveling today,
so he won't be with us.
He almost missed his flight.
So his flight was at
like, I don't know, 6 a.m.
or something, and
he slept through his alarms and accidentally woke up at like 5.30, 5.40.
And somehow still made it.
He made it.
Like, didn't have to change flights.
Crazy.
So my wife flew out of O'Hare this morning and went to, she was flying out to Utah.
And she got there and she said there was nobody there
and there was no lines.
Interesting.
Well, yesterday, all of our, like all of God's groomsmen
were flying out of here.
And dude, there was a line out the door
wrapped around the airport.
Like it was absolutely horrible.
Like some, like people were missing their flights
and freaking, like you had to get
there like literally four hours early there was one guy that was in the line for two hours
it's crazy that's crazy crazy bro yeah san juan was rough so um i think it was better this morning
though it's because everybody right now is all the teenagers are here for spring break because
like also drinking age is different out here it's 18 yeah yeah so all the all the teenagers are here for spring break because like also drinking age is different out
here it's 18 yeah yeah so all the all the party animals they come out here and freaking do spring
break so good evening how are we doing on this wonderful Tuesday? Doing great, brother. Doing great. How are you?
I'm alright. Can't complain.
Sir.
Dude, our man's officially married.
Our man got out.
Yeah, dude. That's crazy.
Isn't that crazy?
Yeah, it's pretty wild.
Wild. Gosh.
I'm always thinking about the joke that Sam was or somebody was saying.
It's his last day single.
And I don't know why that keeps popping into my head.
Oh, my gosh.
That was fucking awesome.
All right. Mr. Market, we got a little over 15 minutes before this market opens. That was fucking awesome.
All right, Mr. Market.
We got a little over 15 minutes before this market opens.
Oil's still popping.
We're up 4.2% on oil now.
Jeez, crude oil futures.
I will say, though, I'm looking at this like 9330 high on crude oil.
Oil, yeah.
Like, we could definitely push it out,
but I'm going to have some concerns like once we get to that spot for it going higher.
I'd like to see some sweep and like rejection there potentially.
Oh, for sure.
If we take out 9330, it's like straight race to 98.
It just looks like a bigger bear flag,
but it's got to go up before it goes lower, you know, type of thing.
Yeah, I guess, yeah, if you look at the –
I'm just – I'm kind of surprised because, like, some of this rhetoric here
has been – I don't know.
I don't know. I would say in the last 24 hours, I would say they're not ramping it up by any means.
I would say in the last 24 hours,
I would say they're not ramping it up by any means.
So it seems almost like the.
What? Not not here. Here's it. I just there's so much conflicting data like here.
There's a headline from New York Times saying the Saudi prince said to push Trump to continue the war in Iran.
Saudi prince said to push Trump to continue the war in Iran.
I mean, like, we're having the Gulf states try to push America.
I don't get it.
So there's another major development, actually, over at the strait.
But apparently, Iran began charging transit fees through the strait.
Yeah, basically $1.5 to 2 million
per uh vessel crossing through and apparently some people are already making the payment because they
just want to pass through um we're not really here to evaluate if we like that or not uh in our
personal standpoints but uh that does seem net bullish um that they are finally going to be
passing through um at a quicker rate. Another pretty
big story that we saw today was United Airlines is now going to have Starlink on all of their
planes. As of right now, they have about 300 planes with Starlink already. They have a total
fleet of, if I'm not mistaken, it's like 1070 or 1065 planes in the United Airlines fleet.
And it's like 1070 or 1065 planes in the United Airlines fleet.
So a lot of planes are going to be getting Starlink Wi-Fi coming their way.
So a massive demand increase for Starlink right there.
Yeah, that's huge.
And also it should be free for all United passengers, which will be pretty cool.
We like that, we like that.
So get along Starlink.
I guess that's the play.
You know, I did want to take it.
I missed that, but I did want to take it long against that 82-50 level in the
S. That's a nice 15-point bouncer, 12-point.
I think we had while we were chatting, I didn't see it wicked down there right away
but it did
good spot
Grab has announced a $400 million
buyback in the next four months
this is a majority
they were pretty much expected to put out
$500 million
over the course of a year
but now they're saying $400 million in the next four months
so that's going to be a bulk of their actual buyback program for the year.
I know we still got some Grab guys around.
Oh, yeah.
We had some earnings last night, right?
Oh, yeah.
It was just onas before open.
That's what it was.
Yes.
Ondas put out some pretty good numbers.
We got PDD tomorrow.
GameStop today, even though they don't do a call.
call result where's all my GME bulls up they're around there oh I know I know
they're around
I'm just told us they have a 68 million dollar backlog which is huge pretty much putting them in the leader of
the commercial side of drones as of right now nice what's gold doing where are we at
gold doesn't look half bad it's got a hold though you are going to have some data at 9 45.
I mean,
it is crazy.
I mean,
it's just the,
the,
the futures market for,
for ECB fed funds or not the fed futures ECB.
They're pricing in three quarter point rate hikes this year.
That's a pretty drastic change for global yields.
Yeah.
I mean, if you look, I mean, if you just look across the curve here,
across the world, you had the uk 10-year bonds hit 5.11 percent
which is a highest since 2008 the german 10-year yields uh all the way up at over 3 percent at 3.07
Australia at highs 5.16.
So you got bond yield just across the world
just continuing to rally on inflation fears for oil.
So that is just going to be a continued negative impact
to the marketplace
as tighter financial conditions are not what you want.
And the problem is the only thing that's going to drive inflation is oil. So it's not like you're going to get higher rates and
then higher asset prices everywhere else. You're going to get higher rates, higher oil and lower
asset prices across the board other than oil.
Not what we want to see.
This is crazy because futures,
ES did rally all the way up to 6550 last night.
I know we had a nice bounce.
Yeah, right about midnight or so.
We had a nice liftoff all the way up to 65.53, and here we're down almost 60 points from that high.
But at the same time, that's the same thing you saw.
Bond yields going to highs across the curve,
which is not good.
Here goes oil back again, pressing this 92 level.
Relentless.
Relentless bid here.
Nice to see him come slap oil at the open
and look for a long, but
it just certainly does not feel like they're going to
do that here.
I feel like
oil breaks
back over that 93-30 to your point,
Jordan. I think that
ES goes hunting a lot lower oh yeah
we we get drilling if that happens because we drilled through this this overnight low at 82 50
in es uh they're in a lot of structure there to catch you
i think uh that opens you up for the lows of yesterday overnight session,
which would be 100 points lower from here.
Yeah. Yes, took out that overnight low.
Looks like NQ's trying to hold it so far.
Let's see if we run that low into the open.
Reminder to everybody in the audience,
if you guys are just showing up,
make sure you like the spaces,
throw a little comment below,
repost it for us,
share it out to everybody on your timeline.
Let's have a great Tuesday make some money
I didn't trade yesterday so
I'd like to
I'd like to pay something up to it eh
essentially
be nice
morning Joe
how we doing
yeah just talking about what levels I like here.
It's, you know, below 65.82 in ES or in NQ,
I guess maybe that's a low you could try is 24.
What is that? 193.
But below there, there's really just not much until you get back to the lows.
So you got a big range.
I would say your big area is going to be between 24-200 and 24-500.
24,200 and 24,500.
You got about a 300-point range.
And your overnight range is actually pretty dramatic.
I mean, think about that.
We were at the lows at 24,193.50, rallied all the way back to 24,507.
Yeah, it is wild.
Almost a 400-point move.
It's crazy.
Yeah, 400-point move.
Just crazy. Yeah, 400 point move. Just crazy.
So, hopefully they just sell oil right out of the gate
and then you can probably take it long,
but that's what's on my screen right now.
Oil.
Oil.
On this day, 21 years ago, the PSP was released.
Wow. I want to get a PSP just for the nostalgia and play like GTA San Andreas
on that like it was the good old days
dude even if you can't find a physical one there's probably a website online
that's like an emulator
I'm sure you can find a physical one
I know those PSPs, like,
that was peak gaming,
bro. Like, I really
think that in my childhood, that was like...
I gotta give it to the Xbox
360.
That was just... Yeah, no,
no, definitely, like,
once later all that shit came out, like,
for sure, that is all top of the line, but
oh, the PSP was just so good.
I really have a connection with the PSP.
You know, the thing is, is, like, when you play Call of Duty growing up,
you kind of, like, realize that all the killstreaks are real.
That all that stuff exists. It's all real. That all that stuff exists.
It's all real.
Oh, yeah.
Make it up.
Yeah.
Yeah.
Alright, market.
Let's go, baby.
Got about five minutes.
Good morning, Spaces crew.
Good morning, Casey.
Buenos dias, mi amigos.
Buen dia.
Buen dia.
Ready for another day.
What are we feeling, Casey?
How are you feeling about
in queue?
Yeah, or spy in queues.
I mean, we have a gap to fill underneath.
So SPX, looking at spy right now.
Let me see.
So looking at spy currently sitting around 651.54, that means SPX is
probably going to be around 65.45 right now, which is about half of the gap 65.08. So personally, I mean,
I don't like leaving that much of a gap right there unfilled
now that we're already halfway through it right here.
So wouldn't mind to see a little bit more downside this morning
on SPY and SPX,
get that move down closer to a 65.08, 6,500 SPX,
and maybe grab some longs down there once the gap fills.
I'm with it.
Other than that, I mean, it's tough just looking at the pre-market session from yesterday.
I mean, if you take the low all the way to the high after that huge ripper that we had at 7 a.m.,
if you draw a 50 retracement from
that swing low to swing high we are sitting directly at that 50 retracement right here
so um not not expecting it to just flush straight through this area but i do think we could see a
little bit lower i think we have some data coming out at 9 45 and 10 a.m.
And yes, sir. Yes, we do.
I believe we got Trump speaking multiple times today.
Is he different meetings? I believe. Let's see. You got.
Let's see.
Let's see.
If we lose this ES65-82, there's not much that's going to help you
between there and 100 points lower.
It might get a little gross.
Yeah.
I'm also feeling short.
Like, we lose these lows, it's going to be... Yeah. I'm also feeling short. Me.
Like, we lose these lows, it's going to be... Yeah, we're so negative, Gamma.
I'm going to look for a flush on Spy this morning down to about $648.50 area.
And then I'm going to look for Longs down there.
If that spot fails, then we should just drop another $3, $4,
potentially lower on Spies.
So that would be the first area I try for longs.
Yeah.
Unless oil can calm down,
there's nothing I like to the long side, really.
That's a good point, too.
If oil starts racing above this $93, like to the long side, really. I just can't. I can't.
If oil starts racing above this $93 area,
this thing's just going to dump,
and I don't see it stopping.
Because yields just continue to press.
I mean, bond yields continue to go higher.
I think the yields are going to shake the market
as hard as they can until
we either get some commentary, real commentary
of a deal
or the market sells so much
that it starts to freak people
out.
Because you don't want these 10-year
yields going over 4.5%.
That will get the attention of a lot of people.
10 seconds.
Open it up.
Oil almost up 5% now.
All right. All right, all right.
Open up the gates.
Market got a lot to say.
A little pop off open.
All right.
Your opening tick was minus 1,428.
Here goes oil.
95.50.
Or 92.50, excuse me.
Just took out those highs.
We're going to race right up to 93.
I think that's where you're at.
That is where you're at.
I think it's Sean at 260.
265, excuse me.
Good morning.
Good morning.
10, 15 points looking for previous day low potential on uh yes i'm looking for a 10 minute ema interaction bro stop some short oil new highs let's stop the proper right there stopped on proper at the
and Tessie with a nice candle out of the gate We have, let me see, 945.
We have PMI.
Yep.
Flash and then 10 a.m.
Richmond Fed manufacturing.
So mainly probably 945.
Be a decent little reaction in the market.
Tesla ripping here.
Or a little pop.
Okay.
Good morning, gentlemen and gentle ladies.
Good morning, sir.
Morning, mix.
Yo, what's up, nuts? Good morning, gentlemen and gentle ladies. Good morning, sir. Morning, Minx. Yo, what's up, Knots?
Good morning.
I want to take a short, but I don't like this little wicky action.
Likewise.
You know what? I'm going to take a short.
She's like, well, I talked myself into it. I'm gonna do it.
Swatch oil.
Adobe getting a little
knife
out of the gate.
We got 13
minutes.
Gave me 11 points, and it's just kind of choppy-ish so far.
I'm long ES.
Pre-market low risk, 580.
Yeah, oil coming off that high a little bit here.
It hit 92.70.
It's off about 30 cents, pulling in a little bit.
Okay. There's 14 points, 15, 17, okay, there's 20 points.
I'm going to scale some out.
Oh, shit.
I'm surprised we have this pop right here on spy again.
That opening tick was minus 1,400.
And that tick is now at minus 670.
They added a dislike button?
Yeah.
I saw that.
Yeah, a new dislike button on X.
Yeah.
I love it.
I need to update my X.
I don't have it. Oh, did I get let up? X. Yeah. I love it. I need to update my X.
I don't have it.
Oh, did I get let up?
Yes, sir.
I got you.
Oh, good morning.
Good morning.
Holy shimoles.
Well, that's goody.
It was a close one.
What are you feeling, Paves?
How are you feeling?
I'm feeling like we are on the pivot.
We are on the pivot. On the the level i like the longs but um i'm i'm
i'm keenly aware that they might completely fall out yes old half listen here papes i don't do if
buts and maybes i only do absolute you all i haven't't opened nothing yet. I was long coming in.
I'll tell you that.
Tessie 385 is another pivot there.
But I need to see this oldest 652 on Dispoos.
Otherwise, it's going to be a shit show.
Unless you're in like oil And natty gas and all that
That's what's ripping face
I know
Yeah oil trying to hold this level
This 9-2-30
Q's retesting Friday low
Here we're coming to the level right now
Ming C's short or long?
Short
Oh shit
Spread is a poll Be careful if you're using markets yeah we go right on the week
below 644 and three quarters on spy so that's that's like you want to hold that my stop loss
It's fine.
We'll re-enter.
There's 20 points on gold.
Looking for previous day low break, 350.8.
10-minute test here on the EMAs for ES, Spy.
I think we see 10-minute 20, potentially VWAP, 613.
There we go.
Come on.
Show me some Mo.
I'm still waiting for some data and stuff dude microsoft 378
good night corning on 36. 378 is the 200s man the weekly there we go
There we go.
Weekly SMA on...
weekly sma on on oh yeah yeah microsoft it's on the 200 week yeah
Oh, yeah, yeah, yeah.
On Microsoft.
It's on the 200-week.
Yeah.
Nanny Flick safety stock.
Oh, dude.
You and I'm upset.
Is Mapes here?
Mapes is here.
Mapes.
I'm a little upset.
I missed a billbreaker on an ETF.
That would have been money.
GDX, dude.
GDX shorts.
Look at that bad boy.
How fast that went down.
Shoulda, coulda, woulda.
Shoulda, coulda, woulda.
Best traders in the world.
Apple holding.
Dude, it just was falling out of the sky.
They got like abandoned babies left and right.
For what?
Look at all those abandoned babies.
GDX?
Oh, dude.
Have you ever seen anything like that before?
Like on an ETF, like an index.
No, small cap days, yeah.
But that's not, that's like, dude.
So insane. days yeah but that's not that's like so insane
i'm still waiting here i got nothing james i'm not i'm uh i'm leaning to the short side if we
can't hold this intraday at least to retest prior to close my engine says bearish yeah yeah great the price section says bearish but if
oil drops and we can get a pop off that you know what i mean is the taco of the of the of the taco
do we double taco is that a thing taco of the taco jesus christ
that's crazy to say i had to google what that meant last night I felt so stupid
let's see if oil can press below 92 here might get a little bit of a lift. Dude, Microsoft is nice and go. Microsoft looks awful.
Absolutely horrible.
I gotta say
at this point, Microsoft
looks like
344s on the cards.
Dude, it's like
330, 340, something like that.
Yeah. I mean,
370 is an okay spot. I mean, anything below the 200 week, you know, something like that, yeah. I mean, 370 is an okay spot.
I mean, anything below the 200 week, you know,
with a long enough time horizon from an investor perspective is fine,
but, like, it can still go.
Oh, God.
Yeah, Tessie with the biggest bounce might be an easy one,
Bounds might be an easy one, but with oil so high, maybe they go on an EV run.
but with oil so high, maybe they go on an EV run.
Who knows?
Who knows?
I think the other big problem with just auto sales in general is going to be higher rates.
That's going to be a killer.
Oh, you're in the rate hike camp?
No, no, no.
I'm not in the rate hike camp, but I'm just saying you got higher rates across the long end of the curve
It's not so much a short end. It's more the long end. That's gonna hurt
He's a short.
645s.
Uh-huh.
My shorts, Minxie.
Thank you very much.
Almost had overnight lows.
192, 193.
Yep.
192, 193 is what I'm actually looking at.
Yeah, that billbreaker thingy.
Minxie, I know you're holding for 100.
Fuck it.
No, I've scalped the different accounts. So, catching 40. that bill breaker thingy means yeah i know you're holding for a hundred it no i've
scalped like the different accounts so catching 40 30 40 points on each account it's pretty good for
me love it love eat hello darkness my old friend demand zone test here for spy longs I got a hold pre-market
but momentum looks asia low taken on in queue there you go
yep there we go yeah this thing's gonna yeah still has to flush it
did we lose this last shit this look i mean we have negative 1500 tick tick tick um
this doesn't hold it's it's gonna it's gonna be fast below here my condors are actually green but i'm thinking about flipping this
to reverse reversal because this is yeah
yeah this is gonna this is gonna fall apart
fall apart.
It's going to be
first.
Maybe it's short.
There we go.
Stop the other half. Spy, ES.
This could easily go
80 points lower.
Yeah. 8-0?
8-0. And ES.
Oh, I don't know what that is on
Spy. I have 644.
On unspy, you could easily go back to, you know,
five, six points lower from here.
Yeah, 644, yeah.
Yeah, say unspy.
Desi short.
375's not that.
Hold on, I got to watch this tick.
Yeah, oil is just pressing back to the highs.
There's nowhere to hide.
Netflix.
No, Netflix is not.
Well, oil. Microsoft about Netflix is not. Well, oil.
Microsoft about to go below.
I mean, it's going to lose 376.
Oh, God.
Apple holding.
Yes, long, low risk.
Only cheap. stuff right here.
That's it.
A boatload of Apple 280s for June.
Zero ticket incoming.
NetFlow's actually green.
I don't think that's tracking right.
No, Q's netflow's negative. no accused net flows negative there you go bye bye Microsoft 375 yo god see you later Microsoft have a nice day. Mita at a pivot, 595 and a half.
Mita.
Either oil goes higher and the market falls apart fast,
or oil gets rejected right here.
And we rally out of this lower level,
but they're going to need to slap oil,
and they're going to need to do it quickly. Yeah, they gonna need to slap oil and they're gonna need to do it quickly
Yeah, they do need a simple oil rest to get pop
Headline risk is so real
That's the other thing you got you got yields just pressing to the lows or pressing to the highs of the session
So you got oil higher rates higher mark are gonna be lower
I mean none of these Tesla went to that high almost 385 and slapped around
Yeah, I got a 375 put on Jesse cute up Not in it yet, but I'm looking at it.
There goes oil.
Yeah, up over 4%, damn.
Oh, they just smacked it.
Oh, boy. No more no more faffoing okay no always faffo always no it's funny I didn't realize I was muted here and i was like baron trump uh you know if anybody has a
call him we gotta get him on spaces
we need to know your data 52.4 forecast is 51.3.
Okay, let's see.
What data do we have today?
PMIs.
Services PMI was 51.1 versus forecast.
Yeah, inline.
And the composite 51.1 versus 4K. Yeah, in line.
And the composite 51.4 versus 51.9 and then manufacturing 52.4
is a beat.
Oh, shit.
We have a two-year auction.
Son of a bitch.
That's a big one.
It's like the biggest one.
The big dog.
The big dog. I think more concerning is these long bonds down
here yeah i'm an intraday intraday market two two here all right i got my all right six point
gain mes sold half did shit mess yes i was at pre-market lows and you're gonna have a retest
yeah it's kind of dojiing out here so i'm just trying to take it from lower wick to upper wick
uh tassie pre-market or prior to high here retest So you can start with Boston, Boston, Boston, Boston,
Boston,
Boston,
Boston,
Boston,
Boston,
Boston,
Boston,
Boston, Boston,
Boston,
Boston,
Boston,
Boston,
Boston,
Boston,
Boston,
Boston,
Boston,
Boston,
Boston,
Boston, Boston,
Boston,
Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, Boston, dude apple was it popping or dying ripping i was holding not ripping
market highs but
i grabbed it at 2.06
looking to see if we can accept back into Valley Area
when is uh does anybody know when Trump's
speaking it's almost like I don't want to do anything until
we get we get commentary
10 point gain stops and profit
I don't see any time
oh look at that guy
these are fucking expensive I don't see any time. Look at that. Storage. I'm not at call.
These are fucking expensive.
610.
Tassie, that 375 put, I think I'm going to hit that.
Buck 65.
Oh shit, buck 70.
I day stopped.
I need it under free markets.
That's fine, 185.
I deliver. I delirious.
Meta supercritical spot.
I'm not going to touch it.
I think Meta's got to go back to 580 at some point If he loses this right here
It's like 585 intraday
Is what I have
Yeah
Yeah 587
But then that swing low
Yeah
Probably breach it just a little bit
585 and a quarter.
Daily range 582.
Gold short ladder.
Babes?
I feel like I'm going to do a
GDX short swing.
This is just like every pop
gets sold. What is is it April 70s
April 75 I'm gonna tell you some watch this right now if Google loses 296 I
don't even have that online so that's a big level for me this is true tonight
well I guess I guess even that low at 294,
but there's a lot of structure right in this 296 here.
If we start drilling through there,
I think that would complete the head and shoulders top.
We should get down into 580 on Qs.
Sell some leaps on the Goog stocks.
Yeah.
All right.
See if we can fill this gap.
Dude, I think you can hit the 295s right now, weekly.
Yeah.
I mean, if this thing drills through there, there's nothing until like 250s.
Yeah, that's not – I like that trade a lot.
It's been the strongest, though, so it's a little hard 180 foot all right. I agree
What does that stop gonna be 290?
60 and full full chasing
Just looking at the sectors So oil highs. Tech looks bad.
Just looking at the sectors.
Communications, industrial is bad.
Healthcare getting knifed again.
Jeez, healthcare has been just destroyed.
XLV all the way down to 143.
Yes.
Materials.
A little bit of a bid off the low prints.
Real estate getting crushed.
Utilities trying.
And banks continue to be weak. I don't know what's the like.
Cut remainder MES lost six points.
I want to see 24,077.
I mean, I think yes at this point.
What's stopping you from going right back to 64, 82, 75?
Other than oil coming in.
That's it.
That's your only catalyst.
This oil comes off and you maybe get a little rally and you're a little oversold.
All right. All right.
All right.
30-year yields now, 4.97.
What time is the auction?
How long till we have the auction?
For the two-year?
Yeah, I have it nine on my calendar, but I don't know what time zone that is.
Two hours from now?
Yeah.
I think so.
Sounds like rain.
Yeah, that's right. I think it's at noon Eastern
is the option.
Yeah.
My calendar is probably Pacific.
So 9 Pacific, 12 Eastern.
See if ES can hold these lows i don't really want to trim my tessie
is a good entry or decent entry but it's green these things moving so fast
I need to see a core projection.
You could just get oil to come in like a dollar or something and break this trend.
Come back on the 90s, I think you'd get a nice pop back to the upside in NQ&DS.
a nice pop back to the upside in uh in qnds
i like to watch oil too with the dollar dollar coming off a little bit here so still waiting oh okay
they should make new lows out of this
out of this.
let me see
Let me see.
Yeah?
Did somebody say Ming-si?
I said Will-si.
Sounded like that.
Okay, whatever.
Very close.
Very close.
I dropped everything.
I dropped everything.
Sure, sure, sure.
Broke my ankle to come here.
I got to do the schemes.
I do like it, but I don't know.
Giggs is what?
295 foot intraday.
It's close.
I think I'm pretty much done trading for the day, so I took that nice short.
Nice.
How's it going?
160.
2.98.60 stop.
Oil fading a little bit here.
Ever so exciting.
It's 92.30 levels.
If we can lose that, it probably takes us back in the mid-91s.
There we go.
A little drop there.
Come on, O.O., give it up.
Grab it along on Q188.
Yeah, O.O.O. comes down to being long for everything else.
Meeta is on the level i stopped
Stopped gold.
There goes oil.
Oil back.
92.11 now.
You got your equal low at 92.
Come on, Oil.
Just drop it.
We know you want to go lower.
Semi's perking up a little bit.
Shorty S, 10-minute CBC.
Dude, Microsoft.
Dude.
Microsoft might be...
I think you're going bankrupt at this point.
Stop it. This is going to be... Microsoft is going to be like Google, dude microsoft might be i think you're going bankrupt at this point stop it this is gonna
be microsoft is gonna be like google like a few years ago or just like it just drill team six
bases for a fucking year and ends up being like the long of the decade
yeah i would agree right but uh but it's just in the beginnings of the breakdown phase
i think it's i mean at this point, Microsoft's going to 344.
Yeah, that's on the level.
344, and if you get below that, I mean.
What do I have?
I'll tell you what.
220?
I have three.
It goes down to 325, yeah.
The general area.
I mean, this is the first one, literally right here, 370, though.
The first big one.
And then 330.
Yeah, don't touch it under 370, though.
Let it fall.
Yeah.
I mean, you really don't have a ton of structure until 345, 350.
That's probably where you're going, I mean, realistically really don't have a ton of structure until 345, 350. That's probably where you're going.
I mean, realistically.
Could be.
Come on, oil.
Just give it up.
Take still cumulative take negative.
Here's the thing, though.
They're not finding new sellers down here.
They're trying to push it lower, and it's not.
I mean, you should have broke through that and just blasted through it,
and we're not doing that.
Do I have a high?
No. Is that a high volume level I have on here?
Let's go to the weekly.
Now hold on.
Bye-bye, oil.
Go. Just need a couple people to slap it.
There goes oil.
Get below 91 and let's get a pop.
CVT, spooze out the pivot.
Here you go.
Run it up. Run it up run it up
He is also at the pivot I did have this mark.
I have a small,
small high volume area,
like 6592 in ES.
I was wondering what that was on my chart.
I had it marked for a reason.
Am I on fucking zero days days or what's going on
ah these fucking contracts
I don't know how these things work
which ones
the mag 7s with the new strikes
they all fucking act different now
yeah
Tassi retesting Friday high again .
. Just go away, oil.
Nobody wants you. It's black. Okay.
All right, all right.
Damn, circle's down 9.5%.
Damn!
All them gains over the past few weeks
getting rinsed now.
Still up a ton.
Jesus Christ!
It's getting rinsed.
Is getting roused.
Oil's about to break lower.
I think we go higher if this oil breaks below.
I told you, you lose 92.
There you go.
There's another little flashdown.
Probably go to 91.
And I'm going to try to long 91.44
in oil. That's my spot.
I think I'll try for
a little scalp.
A little scalp, scalp.
That should lift us.
The metals are rising.
Bonds off the lows.
Yields coming in a little bit on oil cooling.
God, Microsoft looks so bad so bad this looks like just looks like a bear flag that just snapped about four days ago i think we talked about it like months ago didn't we
i mean i originally started talking about mic Microsoft back in like the fourth quarter.
Yeah, yeah.
That's you and me specifically.
I remember talking to this conversation.
Yeah, I remember saying, I said, if we really got below $4.95, like once we broke that area,
I thought that we would really drill down to the gap fill, which was $3.96, which we did.
Yeah, we did.
And then we took, now we're taking out the
weekly trend line actually you know big picture though i start looking at this market like on big
time frames and you start looking at big stocks like microsoft a weekly a weekly big trend line from three years? Yep. That is not good.
And the 200 period weekly?
Like, I don't know.
Definitely concerning. very well i pinned i pinned the post from last week apple new high
I mean, even Apple broke that trend line that I had on weekly.
i mean even apple broke that trend line that i had on weekly
Oh, man.
Google.
Look at Google on the weekly and tell me that doesn't look like not good.
Yeah.
I mean, it's at risk is what it looks like.
I mean, it's definitely the last general.
Yes.
So, like, it could still be resilient, but it's the last general,
which, you know, sometimes are easier shorts.
I mean, if you close down here below 296,
you're at the 21 weekly.
Stop the S.
What are the memory sucks doing?
This is not looking bad here we're going i grabbed mu longs
and you're like months out yeah months out that one that looks the shittiest one though
yeah i like gow uh it's not memories optics but, but... Yeah, GOW has been strong.
Oh, I got to stop our test seat.
LNQ is breaking about POC, actually pumping a bit.
Yeah, you got oil is right at this pivot low, 91.44.
But that's been your catalyst.
As soon as oil started to fall apart, you got to lift in inequities and bonds as well
uh do i need to stop on testing right there
long cold i had this long one testing to 395 so i guess it could still go
but really address
see if oil falls apart here i'm stopped right there i probably gotta let that be wider but it's okay
this is where oil could get some support right here.
This is like one of those where you can push one more time and then fail later.
All right, that's top of the top.
Yep, there goes oil there's a there's a 20 bounce right there bang
yep there goes oil back right off that level 20 cents in oil right there
i just gave you almost to the penny.
Let's see if we reject that to 75-ish.
That would be a play to reenter a short.
But I'm not trading anymore because I got that nice move down.
Maybe I find another account hang on hang on all right i'm closing this one out that's done for that prop account okay let's see okay i'm gonna enter a short light on a different account i am i do have profits on my other
accounts guys so all right sorry go ahead no just watch oil here this is your level
if oil catches a bid market fades if it drills through here then market probably goes higher. Come on. Joltee Minx, come on.
Yeah.
I like Minx's trade for a scalp only because I think oil does catch
probably a little support in this range.
There's 13, 14 points.
We've got to keep drilling.
Coming.
There's 24.
Hell yeah.
29. hell yeah 29
my stop losses and profit
god the other one that looks really bad on the weekly is Broadcom.
Circle me low.
Yeah, Broadcom has not looked good for a minute.
All right, Iron Condor.
I did do some spreads.
I got 6,525 wide and 6625 short strikes, 25 wide.
So I skewed it a little to the upside.
Look at Minxie with the Scalparoonie.
Holy shimoles.
40 points.
I don't know i mean i'm not sure that uh that's considered a scalpy scalpy though i mean so far it's a what do you call it sniper how's that
that i like yeah
Gabe's new out.
$1,500 in two, three minutes.
Even that.
Yeah.
That trade works so well just because right into that support of oil,
you got a nice 20, 25 cent bounce.
And what did equities do?
Goodbye.
They said we're going to go back lower.
We hit 59 points, but I might just sit in this trade if it doesn't.
Yeah, I mean you wicked 67
70 points
Good stuff
I mean, you went right to the 9 on the hourly
That's where you got rejected at
And look at oil
30 cents
Fuck That should have gone up More than just these two contracts 85. Fuck.
That should have gone up more than just these two contracts.
There she is.
I'm up like 3,700 bucks, though.
That's not bad.
But it could have been a lot more.
Oil precedent.
Y'all, we are in risk off.
Dude, Microsoft, the love, beyond daily range, love.
373 and 372 and change.
Holy shit.
Wow.
Don't lie.
We're there.
Wow, I cannot believe Microsoft.
Are they going bankrupt?
They must be.
Look at the whole software space. ServiceNow, that's another one that's gotten absolutely drilled.
Microsoft will be the best buy long term at this rate.
But yeah, it's not quite there yet.
Tessie Holdings.
What is that, priority high on oil?
And priority high retests?
Uh-oh.
What are we doing?
Scalpy.
Scalpy, scalpy.
Good's coming in hot.
I think I need to trim that.
Apple continues to look good
off that 200 period
daily.
Flip phones.
Did anybody catch that second short with me?
No, I should have
grabbed it.
I'm a little aggressive on my puts right now, so
I'm just kind of watching it.
Anybody know when Taco Man's going to be on today?
Not offhand.
I think somebody said 1 or 1.30 p.m. Eastern.
We're going to make a deal.
We're going to make the greatest deal with Iran you've ever seen.
I'm long cold.
89.4.
1.30, I think.
This deal is going to be huge.
We're going to pump the markets.
But right now, Microsoft is in a death spiral.
There we go.
About 2.5 point gain, stock and profit.
Oh my god, Microsoft.
Oh god, that 3D1 just launched it.
It looks so bad.
That one scares me more than anything.
Yeah, I added short on that low-bound,
but I don't know if it's going to be the good one or not.
It's going to be good.
Should be.
Could be.
It should.
I like the lower high above it.
I could have gotten so much more of that, but whatever.
Just trust the process.
I got the process.
I'm going to tell you something. We end up taking out that $64.75 loan.
Me, $5.90.
Oh, boy.
We got some ways to go.
Will just remind me.
Circle down 13%.
Good fucking night.
What?
You guys know the meme.
Let me tell you something.
Circle down 13%.
That is literally the worst performer on my list right now.
Jesus Christ.
Why is he down, by the way? Anyone know?
I mean, it's just been running so much, I imagine.
It's probably just a basic fullback.
Yeah, it just looks really bad because it's been running so much.
Just to put it...
Yeah.
Here we go.
Kratos, 77.
Zscaler, rough.
RSA tomorrow.
Do like security stuff.
Snowflakes, 2060s.
Jop, 2015.
Service now, 105.
Good fucking life. it's weird like so many things are like down so bad and
and then there's a lot that I'm actually held you're like oh it's just so weird to be like
look we're down what five percent coinbase 190 uh we're down like five percent from the highs but yet like about 50 of the smp 500 is
already in a bear market and you're like oh yeah well you lose like you said it's like you do you'll
lose the generals last yeah and it's gonna be your it'll be your google's look at google watch that
thing 296 now yeah i just turned them oh on. Oh, my God. That thing looks scary.
Like if Google breaks below 294 and we get some acceleration,
it's going to look like a waterfall.
That thing is going to absolutely come unglued to the downside.
The structure, there's just nothing.
There's nothing there.
That whole move up,
I mean, I think Google at some point
you see a trading 207.
Hang on.
This is going to be a face
or burn upside.
What the fuck?
Which one? Is there news
coming?
It looks like
but you know
you can't really
Trump goes on at 1.30
Eastern I mean, I guess if you want to be somewhat constructive,
I mean, spy above 650, 85, and Q's above 580.
I'm still holding that
low.
It's literally stuck to it right now.
I mean, if you get...
I'll tell you what.
You just get oil back into the 80s and get these bond yields to come off.
You really get something going to the upside, but need some caffeine.
Let's check the sectors.
Look at Celsius 37, 38.
Utilities, staples,
catching bids here.
How the fuck is Datadog
still 125?
I don't know.
Pretty soon it's going to be
Datadown.
Is Casey here?
It's been good? Like 180-something.
We were joking about, like,
data dog 150 foot.
Oh, my IBM is down now.
Uh-oh.
Fucking fighting.
Dude, Apple's silver, so much, too.
Listen, Apple's a 200-day.
You know, people are just going to buy it at that level.
I mean, until they don't, right?
Yeah.
Until they don't.
You are correct.
I'm on a boatload of this next decade, Sock. I feel like if this keeps it up, it's going to be like a crazy win.
I feel like they're bottoming with some things they're going to try.
Gold's looking better.
Yeah, I'm going to short
GDX when
gold's bounce is done, dude.
I put on a big
iron condor in gold.
Dude, after those moves, I don't hate that at all.
Because you could get so wide because the IV is so jacked in there.
What are they doing in my hoodie?
69.50s.
I got a great trade in hood.
That's another bear flag that broke, by the way.
Dude, dude, dude.
It's a long extended.
I don't know if KC is still in that trade with me, but I did a –
I did a –
Risper Russell?
Yeah.
No, I bought the –
I got you.
I like that ratios right now.
Ratios, honestly, dude, probably the way to go in general right now.
Because if the bottom falls out – Yeah, I implied. Like if the bottom falls out, it's like you don't really, you're just going to get paid.
But only if the bottom falls out.
And we're kind of in that situation where, like, if you can put it on for a net credit, if it doesn't fall out.
For sure.
Yeah, if it doesn't fall, dude, this is the trade.
Well, here's what I did.
I bought the 70 puts in April, and I sold.
So it's a one by two, and I sold the 55s.
Yeah, dude.
Okay, so one by two, net short long ratio.
Like, net short, one by two.
I'm short about a hundred.
And this, I mean, I got, it's a five lot.
So five by 10.
Yeah.
I'm basically short like 150 shares.
You get it basically for like nothing?
I got it.
It was small debit, but the debit on the puts alone was four bucks.
But I basically cut it in half.
I paid $2.20.
So I was able to cut the debit by 50%.
So the other thing too that's nice about the ratio spreads is when implied volatility
is high, you also
on the upside, when you get a counter
move, it doesn't affect... Then you get it for a credit.
Yeah, it doesn't affect the P&L
so rapidly versus
just being like long foot. You probably could do
even less like
a skip strike if you have a real
downside target, like a
heavy skip strike.
My thought process is that
55 level, there's a big trend line
Hoodie.
It's roughly mid-50s, so I'm okay being put to the
stock there if I have to be. I'll roll them out
if I roll the puts out.
Oh, you mean if you get stuck in the middle?
Mm-hmm.
How wide is it yeah i stopped there 15 wide oh that's aggressive guy so far it's been short
the pop kind of day i am probably expecting that for the first couple of hours unless we get a
headline from gooks 295 30. this is a levellevel. 293.75 is the main level for me.
We lose this.
It's going to be wipeout for Google.
God, I wanted to short that.
I have no position in Google.
I wanted to short it last week.
I just took a day trade, dude.
I just took a day trade.
It's not anything crazy.
I got 295s at like $1. there at 250 something right now hey brigades hey what's up hey were you in the server this morning i swear
to god i heard you up beat yes and i joined the i joined your live stream and i had my microphone
on accidentally i'm known i'm known for that unfortunately listen to some jazz music dude i caught coin short broke yesterday's lows
that thing just went right down like a rock awesome all right coming into 10 30. four minutes
i mean we should see more downside this is not strong here
that oil going back up.
Slowly but surely.
They want to fight this
yeah hoody's gonna be going to 55 bucks my friends i know so no i don't even know that
it stops there dude it's not to be a good quarter, March.
Like, just not.
Even with March Madness, dude, it's not going to be nothing.
Oh, Jared 150s.
Yeah, no.
Bare flag just broke on Hoody.
That was my consensus on the trade.
But I like it.
But it took forever.
It did take a while.
It took like three, four weeks.
But that means it's going to be more powerful when it breaks.
So I'm looking for...
Hang on.
Bit of a bounce oil's around poc
gold is running
bonds are coming off
coinbase
coinbase had that big volume
shelf you know like you know the sideways you on the volume profile kind of look Coinbase had that big volume shelf.
You know?
Like, you know the sideways U on the volume profile kind of look?
Yes.
It's just amazing. You blink and it's there.
It's crazy.
It's like,
is it going to get down to that volume
shelf today?
And it's like within 30 minutes. It's like, is it going to get down to that volume shelf today? And it's like within 30 minutes.
It's crazy.
Not to just tag you on that chart.
Circle me low.
Should have taken that circuit.
That's crazy.
I got a hoodie.
Hoodie goes to that trend line.
I got a hood Hoodie goes to that trend line. I got a...
Hold on.
One second.
58 and 52...
It's just lower, dude.
Yeah.
It's just lower yeah it's just lower
I don't need to buy it right now
no but I think you put the alert on
there paper I'm telling you
oh dude I watch this talk
every day it's like it's a core
it's a core in my portfolio
I'm hedged but like if it goes much
lower my hedge is not going to help me that much
yeah yeah
I gotta echo goes much lower, my hedge is not going to help move that much. Yeah, yeah.
I got Echo.
I guess I should have held some runners on coin, huh?
Probably did.
This is bad.
That's a good call.
I'm short at 205.
Nice.
He's fucking 185.
Oh, Btrade, you're at the daily range here.
You're average weekly range 175, 170s, mid-170s.
But you're getting a massive volatility pop
right now so you don't want it to you don't want it to bounce on you you're getting no i
yeah i got in at 150 and i sold at 350 within like 45 minutes yeah i mean if it extends like
you're gonna get more acceleration. Yeah. Yeah.
Under 180 is going to see 170 is pretty quick.
Yeah. 179, under 180.
You're 185. Right here.
If it flushes here, you're going to
fall out of bed to 170s.
Mid-170s.
Zero love on Microsoft, dude.
None.
Take neutral.
They're selling this thing harder now.
They defended that low.
Look at these yields and the bonds coming off a little bit here,
which I think is helping.
30 years.
That's a long unspoosh.
Double toppy.
I don't know.
It looks like a fucking fakeout breakout game income so bad. That's, you know, the other question too, from the, from the bond perspective is at
some point equity starts to sell so much and things get so beat up that people will eventually
find fight to quality somewhere because Because at some point, lower
equities, higher rates, and
higher oil is going to have an
impact on the economy.
It will
hurt economic growth.
There's just no way around it. We're gonna start chopping here or what?
Oil's still up you'll see. I took the long on that back test.
I don't like it, but we'll see.
Yeah, I mean, that's kind of what I'm like.
I think, Casey, I think the fact that we couldn't go lower below that 6580 area.
Yeah.
That tells you what you need to know.
All right.
I just got filled on ES trim right here.
Nothing crazy.
Like nine points.
I want to see Spy make a new high a day.
oil's looking like a bear flag to me on the five minute
Oil's looking like a bear flag to me on the five minute.
like i just feel i feel like oil could just uh fall apart here bear flag
and if that's the case we do go higher
We do go higher.
So see if oil can break back below like 91.50, 91.40 area.
We kind of got a little bear flag there in five minutes.
I'm long circle.
I added.
He's doing it.
That's a two-minute reversal candle at the bottom there.
Stole that.
He stole that.
He's trying to flip green.
Do it.
I mean, do it. Thank you. utilities staples good discretion looks like ass you know what though xlf is off the lows we kind
of opened up the lows we've been rallying. Almost because the gap fell. Not quite yet, but getting close. Yeah, we got Basel
3 coming too for financials.
I think this, like in a couple weeks
or this week maybe.
Or I don't know. Did it get pushed out? I don't know.
It's supposed to be coming any minute.
I think the banks to some degree
Oh, USL, look at that.
Look at that.
Yeah, Crude pushing back a little bit here Yeah, crude is looking better to the upside.
not good the markets yeah that didn't break broke higher you Jesus Christ, finally get a trigger on Tesla.
Not good at the markets.
One eternity later. look at this
McDonald's off the daily trend line
oils got a big pop here
that's a 60 cent pop there
on the last five minutes.
Not the strongest reaction listening to the news. I'm going to be listening to the news. I'm going to be listening to the news.
I'm going to be listening to the news.
I'm going to be listening to the news.
I'm going to be listening to the news.
I'm going to be listening to the news.
I'm going to be listening to the news.
I'm going to be listening to the news.
I'm going to be listening to the news.
I'm going to be listening to the news.
I'm going to be listening to the news.
I'm going to be listening to the news. I'm going to be listening to the news. ... ... ...
... I got a day trade on there too. I got calls. I need it.
I just need a move back to 109
and I'd be green probably $150 a contract.
Baby.
That'd be a nice one.
Right around there, I think it'd be around $150 a con.
I also need to get over 107 though to even get this going.
Yeah.
Still looking a little weak here.
A wee bit weak.
Dude, trading view is just slow enough to bother me. I'll see you later. Well there was that candle. I prefer to make sure that I'm so super surprised that it is in the job might be this right here.
I think that's good.
I think that's good.
I think that's good.
I think that's good.
I think that's good.
I think that's good.
I think that's good.
I think that's good.
I think that's good.
I think that's good.
I think that's good.
I think that's good.
I think that's good.
I think that's good.
I think that's good.
I think that's good. I think that's good. I think that's good. I think that's good. This is the first time you have a new part of the world. You can hear the first time you have a procession of your syllabus.
That's the last time I used to be a community of people who have a new job.
You can find a student who will give a procession of your syllabus.
Many of you have a new class on the day. It is so
fighting so bad.
She's trying.
She wants to hold it.
She wants to hold it.
We're just chopping back and forth
above this Asia low right now.
And I like to see it pop to 320s.
They can do it.
A lot of buys are coming through right now. Circle into my last support here
Jesus is chopping the nest
yeah Yeah.
Circle's getting a lot more wicks down here over the past 10 minutes.
Not saying it's pretty yet, but...
All right, took another trim on ES there.
They back-tested the same spot again and then just hit that target.
I'm not going to let that trade go red.
I'm still sitting in these spy calls right now.
New high of day.
Looking for a pop-up closer to 654.
Pop it, pop it, pop it.
Pop it, pop pop.
Along the deck here, 29, 239.
I'm taking a tour to Nasdaqistan.
You think you can hurt me?
I did three tours, Nasdaqistan.
2020.
Ah, buh-buh-buh.
Oil's still bouncing and holding.
That's good.
Oh, the circle just got like a dollar bounce there off that window.
4.15.
Oh, and a dollar down.
What the hell?
What the hell is that?
The heli? I have some proper right there.
And of course now it's gonna run.
I'm closing my circles.
Longs?
So go longs?
Yeah.
Actually, no.
We have a green candle right here.
If you make a new low.
You just started.
Yeah, that'll be my stop new low.
That'll be my stop, Nulo.
Yeah, I didn't get a close under my 104.
So I'm still in.
I think I had 100 as like a basic retracement.
Oh, actually, shit.
You got like 90s to 80s as a swing.
I'd be way out before then, Seth.
Yeah, yeah, yeah.
No, I just 82 and a half.
It's a basic like retracement.
From February lows to March highs.
Me to retest in the 595s is not moving a whole lot today. I'm flat.
Circle right back down again, you bastard.
It can bounce right here and go fit and go and go hit target i i don't care i do not care whatsoever no way there's no way i'm i'm continuing to sit through five minute candles
like this oil's dropping hard oh my god oh
oh yeah there she comes that is oh girl oh my god i know oil's dropping hard though
what the fuck is there a headline that looks like news uh someone said stick on xom
does she follow through oil getting uh oh A little bit downside.
Silver really getting it.
What the hell?
Dude, Corning 140.
Jesus Christ.
Okay.
I got sold off pretty quick. whatever that was. So far.
Circle Neelos.
The hate.
What is that?
Microsoft?
It's just hovering.
It's daily range.
Corning what? Dude, Corning,
$11 off the low today.
The upside. Jesus.
Meta wants to go back
up to what?
Or it could just be resistance.
since I can't do it.
I can't do it. I can't do it. I can't do it.
I can't do it.
I can't do it.
I want to short GDX so bad,
but the trade location is so ass right here.
All right, that'll be all for me.
I'm going to go get some breakfast, get this day started.
You guys have a great rest of your trading day.
Peace be, brother.
You too, Joe.
Later, Joe.
Actually, I'm going to go to you guys.
Later, Joe.
Sounds good.
Bye, Ming.
Bye, everybody.
See you tomorrow.
Bye, Ming, C.
Good morning.
Good morning, yeah.
Tick back negative.
That was nearly high tick, which is only five.
Low tick sevens. Papers, good to have you on this morning.
I feel like I haven't seen you.
Yeah, it's been so long.
I was like, I need to swing by.
I don't have technical Tuesday tonight because I got some baby appointments for the doctors today.
So I was like, you know what?
I don't, I haven't, I'll take the opportunity. We've got to hang out with the crew.
It's been too long.
Been too long.
We'll be right back.
Will, you still here?
Plus, hanging out with Evan at GTC last week was like,
how do you not come back and say, what's up, my dude?
It was a good time.
It was a good time.
I'm here.
He is here.
I've been in and out a little bit.
Yeah, I've been here.
I was hanging.
I'm good.
I get to see Paper again.
Been too long.
I ate snails for the first time at GTC.
That he did.
It was not bad.
Oracle 148.
The Googs is holding, but yeah, I do not want to go.
That's a rejection on me to fuck.
I missed the 590.
Did I miss the 590?
590 is at 350.
Kind of expensive, so.
Hmm.
Goobs, I think I can trail out. yes Okay, I'm out of circle.
That one didn't work out.
I'd circle for loss.
Dude, some news is happening right now.
I don't know what's going on.
Oh, well, there goes the law.
And it just hit the zone perfectly.
Oh, my God.
As soon as I exceeded the circle?
Nice.
Nice. Nice!
You can get back in. It's not,
hasn't gone anywhere yet.
GLW,
almost 15 bucks off the walls. Fuck me.
Oh shit.
That's news.
Got news?
That's definitely news.
Yeah, here here I got it
can you guys hear me
Iranian Revolutionary Guard
any ship passing through the Strait of Hormuz
requires full coordination with
Iranian maritime sovereignty
we force the container ship
to turn back
because they're not a permit to pass
so are they saying that
I mean maybe that's news they're going to let stuff through?
I don't know.
Certainly something.
I shorted the shit out of that on my Lucid account up there at
66.32 on ES.
What is a Lucid account?
Proper.
Yeah, there's just a big
dump in oil there. Oops. Where are you going?
Yeah, I mean, oil dropped.
That was a big drop.
So let's see if I can get any other headlines here.
Come on, trade over eight, reload.
Yep.
There we go.
Yes, you're good on circle.
You're fine for the clothes.
I'm not just no love. Honestly, like, that's a baby-ass news candle, like, compared to what we're used to seeing.
Like, that is just, somebody's not buying it.
Corny, though, my fucking god. What a what up oh look at that they freaking rip it more do they
yeah hoodie looks like it wants to stop going down right now intraday i think they threw a
life raft out for microsoft they were like all right we gotta save it a little bit come on i i don't know i need to get over 376s
at least vwap at least over we walked an orb low
hoodie hoodie what's what's up can i take this long i wanted long hoodie but like
well are you in an spX Iron Condor yet?
Yes, I am.
I am.
I'm about to take one now.
I did.
Oh, you guys are interested in mine.
I might roll this up.
Roll this.
Roll the puts up.
But I did.
I did do one yesterday that I just did for a big credit, but my basically short strikes are 6590 and 6620.
So even though we're down, it's actually going to be a small risk for quite a big return. It's up.
Return on risk is up 80% currently from yesterday.
It's going to be over 100% gain.
Yeah, we're moving higher now.
Dude, those spy calls just went almost $100 per contract.
It's funny, when I closed them and went flat, I was like,
we're just going to burn premium and the market's just waiting
for a headline for this to play out.
Loan fucking behold, that's exactly what just happened.
Yeah.
That's hilarious.
I'm about to sell this SPX Iron Condor for today.
Yeah, I'm going to do another one. I'm gonna do another one
I'm gonna do a couple tranches
I'm gonna go $120
out of the money probably both directions from here
I'm gonna go a little tighter than that
I'm gonna go like 60, 70 out of the money.
One second. Thank you. Okay. Thank you. We took out those previous Oh, right back in.
I got a heavy echo.
Look at that.
Oh my God, what is going on?
What the hell is going on?
What the hell is going on? What the hell is going on?
This is just a wild hell.
Oh my gosh.
Alright, yeah.
This is crazy. test test do i have an echo no no you good you good Bro, look at...
These candles are insane.
SPX filled the gap upside.
65-80.. 6580.
Tough day. Lots of patience required.
All right, I'm in SBX Iron Condor here for today's expiration. Thank you. Well, there goes the circle. Thank you. you you you
you guys
another headline here you got
it says
Iran's
Gulf Arab neighbors considering
joining U.S.-Israel war
could be pushed to Tehran if
there are attacks with critical infrastructure.
There has been U.S. outreach
and Tehran is willing
to listen. This is CNN reporting
from an Iranian
source. So that may further push oil.
It says that the Gulf states, Saudi and UAE are losing patience with the Iranian strikes.
They've already hit ports and energy facilities, but they would only join the war if Tehran
makes good on its threats to attack vital infrastructure.
So not sure.
We get a little bit more pop there.
But. lives
I would say,
once,
HC cellulose perhaps
available to the patient
until we get to the point
of what is the more reasonable
which is,
there is a
potential factor
of learning
and that can create
a very
very And then, I think, the real impact of the whole part is that it's really important to
the part of the connection to the right.
Yeah, well, I guess I was like, obviously, black people are really trying to understand
what the other thing they didn't have to be.
It's a lot of people seem to put some period of time they would expect, but you mentioned
me like, baby, but you know, the ability of the skill of your time and leave
as now as a small piece of work is that they'd like to work by the
credit cards maybe like if they pay back the loans in some period of time and frankly they'd
get to see to get your defaults in that area yes i mean the point number one i think that Yes, I am. I am RTY.
Is that a new high day?
RTY. I am R2Y. What is that? New high in day.
R2Y.
He's right in resistance.
Castle's still green.
She's holding. See, hold on. Very are specific to the fact.
You can see it's all shared over the course
to get a running for the client, i.e.
things that they're getting used to.
They don't know what they're doing to the bank.
So, you know, and then they describe the things
that they're making to the funds. you know
Jesus morning that's crazy this stock is out of control.
$13 off delays.
New highs.
Over the time.
Apple's super strong right now, dude. and they've been determining that I think it's about all these issues.
These people can't really do a job with their portfolio.
But anyway, I do believe they don't think
that's what they've read in.
And it's about a show that I have
been a lot of various issues.
That's why I'm always on the reflection
of the data and data.
And they may not just come to the portfolio blackstone
It's probably going to go long.
Iran says it's willing to consider U.S. proposals to end conflict.
Iran open to U.S. outreach, ready to listen.
While no formal negotiations have occurred, Iran is open to plans that safeguard its
nation's interest, guarantee it won't pursue nuclear weapons, allow peaceful nuclear use,
and lift sanctions.
Yeah, this is not the easiest trade right here at this time.
I mean, this is a cool one.
What's up, guys?
I mean, this is so cool of that until we're exposed to these little mic drops vis-a-vis
Twitter, and it can really throw you off your game.
However, in the morning, it's like, I mean, we had a clean short against the lows from
yesterday.
That was one.
And then we proceeded to rotate down in and pick up that gap field down there.
Not quite the MDX, but it was a nice long down there.
So there were two high-quality trades.
And we were, our room, you know, on the call, we were prepared for it.
Because after two massive days, the big move down on Friday and then the complete and full retrace yesterday,
it just left this real on an RTH
session chart it left this big gap here like look at NQ between 140 and 315 or something so we kind
of just expected this just kind of play in this area and fill this area out so I mean we basically
had two you know so we had two excellent trades that I told everybody. It's complete chill, man.
This is where it gets really weird.
Two great takes.
I mean, two for two, right away in the morning.
That was killer.
How did you guys do?
What did you guys do?
I played a little short early on.
That's all I've done.
Okay, against yesterday's lows?
Basically, yeah.
We tapped into just a 50 minute gap right back
testing basically uh that low from that london low so from about eight o'clock this morning
basically and yeah i just played it for a one-to-one basically down to the lows slightly
past them i went break even at the lows after I was short at, what was it?
Two 39s.
And then I was risking that 312.
Took it to the 160s.
So not bad.
There you go.
It works.
I mean, it doesn't take that many trades to be successful in this business.
No, sir.
The less the better for me. Most of the time.
The less I trade, the more I make.
Yeah.
Yeah, but it's just about doing the homework, right?
And then once you define those levels,
it's really mandatory participation.
By the time the market gets there, on your plan pre-market,
you've really kind of already defined the level of
risk. And then you just kind of factor in, like, okay, where are we at? We have a lot
of big tweet storm, and we have data coming in, and then you kind of recalibrate the size
off of that, you know?
Yeah.
So, yeah, but to me, this was expected after two big moving days like this to kind of throttle in, consolidate.
And, but, I mean, now this is, and you can kind of see where we finally, we finally started holding that 24-190 area below the VEPOC.
And no sooner did we have like a numerous time frames that we're holding
that i was here i was getting ready to go and i was working along at 191 and i was a little
late on entering that excuse me i was entering an order at 191 and all of a sudden it just like
leaped like you know 110 points I had the right idea, but
it doesn't always work out.
And now the longer we hang out
up here,
and in Q, that's kind of 280
to 312, 315,
320, I mean, it basically
it kind of suggests
like a move back up and to go
fill that gap from yesterday
24-400. That's the way
it looks like it. So absent any
sort of news, I really wouldn't be
surprised if we go fill that gap there.
Anyway, that's what I'm
Yeah, I mean, so I wouldn't
be surprised. It's kind of hard
to enter at the high of the day.
Yeah, I agree. You don't be surprised. It's kind of hard to enter at the high of the day. Yeah, I agree.
It's tough here.
You don't do that.
That was a solid morning.
Yeah, definitely.
I mean, yesterday morning, I mean, I had one decent trade,
then I just kind of backed off and chilled.
It turned out there were a couple other decent trades,
but I found myself distracted doing other things.
So that's probably for the best.
Yeah.
Were you guys able to do much yesterday?
I didn't trade at all yesterday, personally.
We were just basically in the middle all morning,
and I just didn't really like to take any risk
until we either took out the low or the high of the range.
We finally took out the low, but it was just so late in the day.
I was like, I'm not even trading this.
I'm good.
So I just sat out.
There you go.
Yeah.
I like it.
I like it.
There were definitely like some moves in between, but just nothing I really loved.
So I don't mind not trading.
It's all right.
Yeah.
It's an okay thing to get comfortable with, right?
Mm-hmm.
It got to be at peace.
Had Gab's wedding go.
Oh, it was a great time.
It was so much fun.
Beach party?
Kind of.
It rained, so we did the actual ceremony inside,
but after the weather cleared up and we were all, like,
hanging out by the beach and
yeah it was a great time
nice a lot of fun
nice
we all went to the casino too
good times
I think Ryan actually made some
money on
the casino
yeah
we're playing apps and casino or uh roulette what else we play
little slots but yeah it's fun
yeah my son i told you my son was down there for their wedding that worked out pretty well but he
he got stuck in like three hour line trying to get out of there yesterday oh yeah all our boys were
basically just in line for two hours dsa line crazy yep crazy everybody well because everybody's
down here for spring break and a lot of them are leaving like you know this past weekend and so it was just everybody at once trying to leave plus the weather
because the weather was pretty bad out here yeah that's what i heard well you just said that too
so yeah just wild it's beautiful today though yeah it flips so quick.
Mark is trying to continue this.
Yeah.
I mean, we're fighting trying to get back into yesterday's range.
That's the obvious thing,
right?
And with an open gap,
I'd like to see just a little bit more of a push,
maybe kind of go tag that 24, 350,
come back down and see if then this area
serves as a degree of support for a long
because it's proving itself it's willing to trade.
It's price acceptance of being back
in the bottom of yesterday's range.
And once we get that, and it could be, I mean,
I'm kind of trying to fine-tune the price and volume,
you know, how it's playing out here.
It's like, I mean, it's trying to hold this little area, 24.3.10.
And, yeah, it is, and now it's, there you go, as we speak.
I wouldn't mind a little, let's see if I can kind of pop up a little bit,
maybe a little bit of a slip back.
Maybe we can take like a little,
along against a 310 for the possibility of the gap fill.
How many points would that yield?
I think it'd be worthy, 310 to 410.
So it's worthy of taking, you know,
15, 20 points of risk for Hundo.
Nice little 3,5Xer.
And it's possible we may have missed that opportunity,
but we need no FOMO here. Trump's going to be speaking at 1.30
in a couple hours
Who is? Trump Oh is he? Yeah apparently Trump's going to be speaking at 1.30 in a couple hours.
Who is?
Trump.
Oh, is he?
Yeah, apparently. Okay.
I mean, the market, when it's kind of trading in an area like this,
I mean, you could have had like an opportunity a little long right here.
That idea was saying, because if it gets back below this 310, we'll say 290,
you know, you could get a retraced at the VPAC.
Yeah.
I mean, so I mean,'s i mean it's a little
trade uh i mean it's worthy to go do and maybe put on small size but a little long right here
so i mean could get uh the gap fill spx iron condor is already up 50 percent
so that volatility that came in and spiked those premiums at 10 50 10 55
it was a really nice entry there to sell those options because they are decaying pretty good
and we still haven't gone anywhere
yeah when we were hovering above our highs yesterday morning casey like this i actually picked up the 66 40 puts
the the lows for those i think was about 250 270 up there picked them up about 733 and they
proceeded to move out to about 45 48 took oh that's insane took them off at 30 so a
nice 4xer that's crazy yeah that is wild used to trade those used to trade them a lot more i mean
when you get in these really expanded areas that's what it pays you got to have somebody in your
group it's like oh maybe this is where we're kind of stretched. We're kind of resisting this area.
It's like, this could be ideal.
You know, kind of put them on.
But then it's a question of the time of day, right, to avoid the quick theta.
Of course, yeah.
That was a nice little trade.
That was like, I mean, we used to trade that stuff all the time.
That was like the first one I've had in a while.
Nice wind.
Call flow coming in on CAT, Caterpillar, ticker CAT.
Looking good so far.
Stock's up 2% today.
Really nice daily bullish engulfing.
One of the strongest names still in the entire market.
If you go look at that thing on a weekly chart,
been absolutely cruising.
Still looking really good. MRVL looks really good as well. Okay. What.
You're making money, you know, definitely a good area to scale here because you're retesting the high of the.
You could easily scale 340, pick up a few credits and use that to improve
your theoretical average and now and now you can let the trade evolve because even if it comes back
down you now already have credits so let's let's say that picked up let's say i entered it if i
entered it well we'll just call it let's say i entered a 320 I took half off at 340. So theoretically, my average is 300 now on half.
And that can be your stop break even in the event that there's news that goes back down.
Otherwise, you can let the trade evolve.
SPX has already had its gap fill.
And so now we can see like the movement back maybe toward the gap.
And if you get it, handsome reward.
So you might have half the size,
but it's going to be a healthy credit with maximum protection.
And it looks like it's trying.
It's now kind of fighting against this little area, 366 area, kind of a pause area.
So that 366 would be a scale for another contract.
Now you've got an even nicer credit, and now we're going for the gap fill. ticker GAP
also ripping today
huge bullish engulfing on the
daily it's in a gap fill all the Um, also ripping today, huge bullish engulfing on the daily.
It's in a gap fill, uh, all the way to 2634, about another dollar higher. So relative strength over on this one as well.
Nice.
I mean Dell looks like it wants to go make new all-time highs that thing is insane today up yeah there's some flow on these hood calls too for friday some 70s
hood hit a four-hour kind of support zone
yeah didn't will post something about that earlier?
I'm not sure.
It was about an hour ago.
All right, so now NQ.
So now I take the scale here right at the 360 area.
So now you're possibly going to get the move right and close the gap.
So now you're probably going to get the move right and close the gap.
In the universe of players at the gaps,
that may serve as a little bit of resistance,
but we're back in yesterday's range.
That's the bottom line.
So that would be the target.
We're at 400 right below the the gap
ribbon
these open gaps are such magnets you know between playing you know the confluence of
the ib lows against lower days and ib highs against high days and then the gap plays
i mean they get to london i mean you got four or five solid setups to look for. Thank you. I'd love to see us get to that.
This is high.
It's like 436 high.
We have an untapped cap sitting right there,
all those relative equal highs from earlier this morning.
I'm not in anything to there, all those relative equal highs from earlier this morning. Not in anything to there, but...
Yeah.
Would love to see that spot get tapped back into.
Seems like a great spot to draw from the market.
Yeah, I literally, after we've traded about the first 30 minutes
i shift back and i go to an rth session chart but i've already but i already know the key levels
from the overnight sessions yeah yeah and i just but i don't want to but i do routinely and it's
just kind of part of what it's just what i do i you know once i've established key levels from
the asian london sessions it like, I've got the levels.
And now I put them on an RTH chart so I can understand why there could be some inflection there.
And I just focus on the RTH participants.
You know, what do they want to do, you know?
I mean, because, I mean, the market maker and the Qs and the Spies, he's not necessarily looking at that particular thing.
Because the Qs and Spies, they're not trading overnight like that.
So now you've got different institutional players at bay.
And that's what motivates me, just kind of focused on the RTH.
That's what motivates me, just kind of focused on the RTH.
So if you took the 340 scale and the 360,
and now it's coming back to retest the earlier hive days,
and so now it's a question of, like, do you add it or do you initiate a long year?
Or were you still holding a contract or two for the gap?
Or are you still holding a contract or two for the gap?
But if we get back below here,
now it'll try to get back into the meat of the range from early today.
340 and 360 were good scales,
squeezed all the way up to a little over 380.
380.
Oh, yeah.
Oil really starting to come back
into the range now.
Yep. Financials
are strong.
Gold wins up
shy of 12.
VIX is now red.
We caught a little bit of a bit
in the back end of the 10s and 20s and 30s,
closer to unchanged than they were early.
It just seems like the text, I mean, semis are up strong,
Strong and everything seems like Google.
and everything seems like Google.
Google's like a pig.
Is Circle still down?
Oh my gosh, down 18% right now.
What is that?
Circle.
Which means the 2X leverages down like 37% today.
It's insane.
It has ran a ton.
It's up
just the underlying 173%
from the February low
to the high we just made.
So even though it's a 24.6%
pullback,
it looks really gnarly. But I mean, we've's a 24.6% pullback, it looks really gnarly.
But, I mean, we've run a ton.
We're not even at halfback of the range.
But crazy to do that all in one day.
I'm short for a little scalp up here.
He wants to start. Okay. No data tomorrow.
Boom.
20 points.
Going to cover some?
Yeah. Zero data tomorrow. Boom. 20 points. Going to cover some? Yeah.
Zero data tomorrow.
Interesting.
Thursday.
All right.
Stop at entry.
There we go.
There we go.
All right.
I'm going to move.
Stop in place here.
There we go.
Out half, 30 points about the back test your five in at nine right here
All right, 40 points, two contracts left. Okay, she just smacked the top right there.
Damn.
I chased it too.
I didn't even get a good entry.
I think you might have nailed this case.
That was perfect.
No, no, no.
I think that might be high of the day.
I hope so.
I'm dead serious.
I chased it.
Did you?
Oh, you just added your strength?
That's fine.
No, someone in the Discord was like,
hey, where's the short spot on Qs?
And then the top of my zone on Qs was at 587.60.
The same on Qs, yeah.
Which lines up at like 24, 370 for MNQ.
And I chased it. I didn't get short until 345 um and just caught a
little 40 points so far right here so it wasn't a you know if you lock another lower high every
guy yeah let me go check the iron condor we should be printing right now
oh yeah all right you can trim this iron condor baby Okay. Thank you. Thank you. Thank you. Thank you. Thank you. your back test of your midpoint line right there in five minute nine so nice cover you
can see a little bounce but you would want to see potential lower high on cues staying
underneath like 587 10 and then kind of cool off and come back into this range going into lunchtime would be.
Perfect for the condor in this short. Thank you. Okay. Thank you. gold's trying to run it again
still looking healthy
still looking good Still looking healthy.
Still looking good.
Oh, is that sniper trying to come up?
Out the last two for the short.
I'm flat.
Here's Sniper.
What's up, Sniper?
What's up, Sniper?
What's up, how we doing?
Been a great morning.
What up, gang?
Been a great morning.
Will we just lock in right there?
Oh, yeah.
Lock it in in will we up
oof i have to take another trade oh dude i do the pnl on this account is 936 it's got to go over $1,000. It's got to go over. It's got...
You can't be up 936 bucks on an account.
It's just got...
You got to say $1,000.
You're an animal.
What'd I do?
I'm taking that $938.
I'm walking away.
Got to make it a foul.
Yeah, what can't... He says, I need a he says I need a full
I need a full bone
bang's looking good
Dell calls just came in
Jesus
Dell 175 calls looking good. Dell calls just came in. Jesus.
Dell,
175 calls.
515, 2026,
expiration.
Somebody bought them for work.
Somebody can't get her shoes.
Dancing like a stripper.
100, or sorry, 100, Jesus.
$1.25 million they spent on those calls.
175s.
Dell, new Hive Day, now up over 5%.
Over 173 now. somebody come keeter
dancing like a
stripper
Goldilocks trying to do it.
Wants the swan tongue.
The auction coming soon, right?
I'm going to mark this level on Caterpillar if it pulls back.
It doesn't look like it wants to, but...
Can't hurt to set an alert.
Ooh, bars.
That was a bar.
Right?
It needs to be studied, honestly.
Can't hurt, said the alert.
I'm about to short this thing right here for a lower high again.
Fuck it.
Dude, get off my screen.
I'm doing it again.
I'm about to go nasty on it again.
We got the auction coming.
Come on, I told you.
I got to get this.
Here it is.
Come on. A little bit more. Let me get it over. Let me get over a thousand. Come on. I told you. I got to get this. Here it is. Come on.
A little bit more.
Let me get it over.
Let me get over a thousand.
Come on.
A little bit more.
Give him a.
Come on.
Come on.
You need $70.
Like, oh.
Come on.
That moment when you start risking your entire account just to make $70 to make it a thousand
on the day.
Right?
Dude.
Dude.
Like, oh my gosh.
The amount of time I've done that.
that's so funny.
Wait.
I'm gonna keep a really,
really tight stop.
Then you get a case of the fuckets,
right, papes?
Case of the fuckets.
Yeah. Oh. Yep.
We just hit it for 40 points.
I can risk 10 points right here.
Let's see.
Oh, yeah.
Oh, yeah.
I'm totally just giving you shit, Casey.
I know you got this shit.
I mean, I hate this market right now.
This sucks.
It's good for selling options and everything, but...
Yeah.
Paper, you been doing a lot of that?
Only, like, protective leaps.
Okay.
Like, I sold some Tessie 400 calls for Jan 2027,
like, at the end of last year that have
saved my ass on that account yeah I sold a bunch of hood hundred dollar calls also around mid
December last year also saved the shit out of that account and then it's just all year honestly
it's been all about energy.
Like, that's the only, and like, maybe pickups on some longs, but those are like two of my largest positions that I needed to protect, and thankfully I did.
So I'm happy with that.
I trimmed.
Come on, there we go.
Move a stop up in profit because we just went over a thousand.
If it takes me out at 45, they'll take me out.
45 or 25.
let's see Royal Trinopalm So, it only happens to be strong, and it won't be out of here. Each point, everything, and the two will do absolutely the same.
But, how can we look to the important one
is a key to the end of the standard
of the one that we have?
And we're right now.
I hope I did my math right.
I wasn't even really looking.
I was just watching the chart.
Let's see.
15 minutes. .
Come on, no profit stop.
Go hit this target, come on.
What are you targeting here?
325 on NQ.
Oh, yeah.
I get it, Charlie.
I got a profit stopping just above right up here. I guess it's okay.
There you go.
Oh. Oh.
Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. Oh. All right, I'm profit stopped.
If I did my math right, that should put me over the 1,000 for this one.
Let me go check.
Let's go.
That's how we do it.
$1,011.
There you go.
All right.
Hey!
The degen in me had to get that over 1,000.
I couldn't take 936.
The devil on his shoulder came out.
I know.
The degen side of me.
It's okay to be a little degen if you can actually manage it, right?
True.
So, yeah, look at it.
Sometimes you put yourself in a spicy situation in a trade, but as long as you can actually
manage it and you don't let yourself go too far, it'll be all right.
Sometimes you get smacked and you're like, ah know I shouldn't have done that you know or whatever
again as long as you manage it
don't let things go
too far you'd be alright
be on good
all I know All night long.
Baby, baby, baby.
Oh, something.
You're going to let me do it. I SPX still sitting up against this trend line.
Q's are sitting directly at that 587. Anything you want to do.
Gold cooking.
SPX is breaking above trend line.
Look at her go.
Why does Caterpillar options have to be so expensive?
Well, that video you posted, Sniper, that robot
inspecting packages.
Oh, yeah. It's all over.
Pretty crazy, right?
It's crazy.
Did you see the
video I posted under the spaces
in the comments there?
Let me see. I don't know the spaces in the comments there? Let me see.
I don't know if I did.
What video?
How it feels listening to Wolf Trading.
How it feels listening to Wolf Trading.
I'm going to make that a new thing.
I love this.
Everybody should go look at that.
I can't believe...
Oh, there's dislikes now.
Yeah.
I can't believe there's dislikes now.
Interesting.
I got a dislike on that
no no I just see the button when I went on it was like I got only like on that
watch people are gonna go dislike it now just cuz we said so I'm gonna go
dislike it now yeah that is a great doesn't tell you like you get a
notification I haven't been disliked yet I don't know I don't know that you get a notification for it I would imagine you do but let's test it yeah here I'll test
it for you oh okay I don't think you do because when you dislike it it comes up
more like you're reporting it almost oh wow yeah you're not yeah it's more like
the report button actually like you can tell it it's Yeah, it's more like the report button, actually. Like, you can tell it's spam or...
Yep.
Yeah.
It's not really like a dislike button like it would be on YouTube, you know?
Okay, so not what we thought.
You want to know a crazy statistic?
What's that?
In five years on X...
Yeah, five years now on X, I haven't blocked a single person still.
Let's go.
I don't block anybody either,
personally. I don't think we have any
I have anybody blocked.
Anduril's now
producing their autonomous drone.
This is pretty interesting. The YFQ
44A Fury.
I'm sure we've all seen videos of it started today
well i've got lunch time in about 10 minutes we're gonna have uh austin hank Hankowitz and the Neos crew come on top of the hour here.
Paper Games, I'd love to have you if you have time.
All good.
Yeah, I mean, I'll hang out for this option.
Hey, Paper.
How you doing, buddy?
Hanging in there, man.
Did I hear a little rumor that there may be another Paper on the way?
Oh, yeah.
There's a Baby paper 2.0.
Nice.
Oh, yeah. Congratulations.
That's awesome.
Thanks, man. Another baby boy?
No, it's actually a girl.
Oh, that's awesome. So they say.
So they say, I got to go. We got to go in today
to get all the testing and stuff done. Let's go.
Congrats, man.
Is your number one driving?
No, no.
Not yet.
I think they're close enough.
They'll actually probably go to the same schools.
Nice.
How's he doing?
All over the place?
Dude, he's like, yeah, it's cool to start to see personality coming in.
He's very musically inclined, I'll say that.
Wow, that's great.
He's, like, playing drums and guitar, keyboard, and I'm like, whoa, dude, singing.
I love it.
It's great.
Yeah.
That is awesome.
I'm, uh, I think I'm going to take this scalpy here.
Scalpy, scop, scop.
Ah, yeah, it's too tight.
It's so fucking close, dude.
Yeah, I took it.
I'm in.
But I need to see this continue.
Dun dun dun.
Oh shit. Is that the one? I don't know.
Five minutes before the auction. It's fucking two-year auctions.
Made some crazy moves before.
Yeah, the two-year could be interesting with where the rates are.
100%.
Then they'll start talking about the 210 curve which we
haven't even heard anyone talk about I think I got it.
All right, stop self-breaking.
This is like the one trade I've been waiting for all fucking day.
Gimme, gimme.
Gimme, gimme.imme gimme
illusory gains here we go dude I like that word is it illusory or illusionary
oh shit illusionary here we go lower high top of the zone. SPX putting a sell signal. Crush it.
Oil's ripping.
Nearly top tick.
Yeah, that was nice.
Wow.
Sea paper, I say hello, and we both make money right away.
Holy shit.
You gotta love it.
It's the only way to be.
You can take a safety trim around here, maybe a little bit lower.
Give it another flush.
This is lunch hour.
Scarity's probably bailing
before the auction.
That's all, really.
Woo!
50% quickly.
Yeah, I covered some.
Oh, baby.
There you go.
Oh, shit.
A little more.
Settle signal.
Just like the old days.
Just like the old days.
Die.
See you later.
I think that's your 5 minute 21 on NQ.
Alright.
Dun dun, dun.
Nice rejection on Costco up at 980.
I am in poots.
I'd like to swang them.
Oh, baby.
What a nice move.
Bring it back down to the range.
Let's go.
Right here.
Best trade of the day, right there.
Right here.
Spend all the day right here.
And don't do anything else.
We're going back to the lows, baby.
I'm in an iron condor. I'm just talking about it. That's why. I'm in an iron condor.
I'm at least 652.
I mean, I'm also 100 and... How many points out of the money I am right now?
I'm 130 points out of the money right now.
Oh, shit.
My meta short.
D-roll a Google put down to 290s?
Because, like, yo.
Look at, look at, look at, look at, look at, look at.
15-minute evening star.
Oh, yeah.
Don't fuck with me now.
It's trying to.
The next 15 minutes, you'd probably stall right here.
Then your next 15 minutes...
That's the auction.
Yeah.
Yeah.
Then your next 15, you'd want it to close and sell underneath this spot.
Then we're probably going to see new lows or at least equal lows.
But here's the spot.
Your back has the volume point of control right there on the 10-minute per queues.
Your auction starts in a couple minutes here.
Should have went three for three on the short scalp up there.
Yeah, like I said, I thought
you had it.
The right spot. I liked the spot a lot.
Yeah, no, that was it.
I just took the last breach
and then small break back
below that fair value of it.
But we got a two-year coming, so
this shit can fucking rip-face
if that auction is... if the market likes the result.
But if it doesn't, yeah, it's a bloodbath.
So from here, this is it.
This is that.
Austin.
So being profit, stops at break-even, and let's see how she goes.
We'll see.
Good morning, Austin.
Good afternoon, brother.
What's up, what's up? How's it going, y'all? Oh, Austin. Good afternoon, brother. What's up? What's up?
How's it going, y'all?
Doing great.
Oh, perfect timing.
Crazy, crazy week so far.
I mean, I don't know if you saw the markets over the weekend with that gap we had and
then the move since.
It's been interesting and just a lot of headlines.
Been a crazy market.
How you doing?
We are.
I'm good, man.
I'm good.
We're very much in a headline-driven market environment.
As I'm sure you guys all saw on Monday, that definitely moved the markets up a little bit.
But then we've seen more headlines that have kind of made us go back and forth sideways,
officially trading underneath the 200-day moving average now, though, for all three major indices,
which I think is a very important moving average to keep an eye on.
But much to discuss. A lot to talk about in today's space. three major indices, which I think is a very important moving average to keep an eye on.
But much to discuss. A lot to talk about in today's space. Really excited to dig in.
Yeah, going to be a great time. For the audience, real quick, we are going to be moving into a little more of a higher timeframe, longer-term investing conversation here with
Austin from Neos. And usually a great time that we have on here. So if you guys are
interested in a little more long term conversation, definitely stick around for the next hour and
then we will be hopping on stream afterwards. But Austin, always a pleasure having you,
brother. How are we feeling about things right now and all the headlines? I don't know. I know
you're more on the bigger time frame and sticking with investing, not as much day trading. So I'm
curious just your perspective on things
right now. Yeah. And I see Neosis here as well, but I think they're listeners. Maybe they are
speakers. I'm not too sure. I see him as a speaker. I think we got Troy up here,
whoever's buying the account. You got me, Austin. I'm here.
What's up? I think it sounds like Garrett to me. What's up, Garrett? Good to see you, man. Good.
I'm glad it works. Sorry. Sometimes X does weird stuff. But yeah, what's up, y'all? Happy to dig in. Let's talk all things market uncertainty. As you guys know,
my name's Austin, co-host of the Rich Habits Podcast, top 10 business podcast on Spotify,
head analyst at Grit Capital, co-founder of Wits Ventures, all the fun stuff. You guys can find me
on the interwebs, however which way you want. But yeah, very much more macro. And then we've got our friends, Garrett from Neos joining us to,
of course, kind of hit the institutional side of the conversation. I think you guys are closing
in on $25 billion of assets under management across your suite of ETFs, which is unbelievable.
So a lot of insight can come from the institutional side here from NEO.
So we'll jump into that here in a second.
But yeah, I mean, let's set the table.
Kind of rewind for a second.
I think it's really important for everyone listening right now
to kind of think back to COVID.
Think back to what happened in 2021.
The markets were ripping.
We were in this COVID-induced bubble.
The Fed was printing.
Everything was great.
And then we started to experience in February of 2021 sort of blow-off tops, climax tops
in the most unprofitable high beta names in the market.
ARKK, which is Cathie Wood's ETF in my opinion,
was a wonderful example illustrating what those climax tops were. ARKK climax topped back in
February of 21, and then it fell by 39% from that all-time high that it incurred in February of 21 before the indices started to
roll over December 21, January 22. And we've been talking about this for months now. I believe
if we kind of look over at the Oakhlos of the world, the ARKK again, we look over at the sort
of the IVES, Dan Ives ETF. We're looking over at these space
exploration, nuclear energy, these high beta names that were quantum computing, fun, sexy,
exciting in 2024, and especially in 2025. They all sort of experienced these high climax tops
in early to late October. Robinhood's another great example of this. I think Palantir might be
breaking out, who knows, but a ton of these names sort of put in these blow-off tops.
And history tells us within, call it five, seven, nine months, February of 21 to December of 21,
call it nine months there, 10 months there, the indices started rolling over. So anything October,
November, December, January, February, March, right? Call it four, five, 10 months there, the indices started rolling over. So anything October, November,
December, January, February, March, right? Call it four, five, six months here. The indices have started to show some of this weakness and now trading below the respective 200 day moving
averages. And it's the same, in my opinion, right? I'd love to be proven wrong. That's what this is
all about is having these dialogues and just understanding people's perspective. But it's like, it's the same sort of playbook that took place in 2021 and 2022. And now as we see, and a lot of
people have had friends text me because I've been in energy, I'd say since late January, early
February, I saw it as sort of a, you know, Neos launched the MLPI ETF, and it just absolutely
crushed so far year to date, which we'll get into. But energy has done very well year to date. And energy, the sector is,
in my opinion, a lot of that strength came before we saw any sort of invasion in the Middle East
and this wartime and things where energy normally spikes. We saw the strength before that. And so I
think that's very much a late stage bull market
type reality. And again, I have no idea where the markets are going, but that's what this whole
discussion is about, which is investing during market uncertainty. And if you're anything like
me, you are looking around and you're like, what do I do? How do I think about this stuff?
So for me right now, I'd argue like couple things are pretty important. First one is international and energy. That's sort of been what I've been
beating my drum to of my portfolio for the last, call it six or seven weeks now. I-E-M-G, E-E-M,
I-L-F, things like that. Those are just interesting to me. I think international
broadening of the markets is going to do really well. We had Alexandra, the co-chief investment officer at Goldman Sachs on the Rich Habits
podcast, I think like three or four weeks ago. She was very much on that same page. Goldman
thinks that the broadening of the markets away from just domestic but into international is
really important in 2026. Copper, that's been a fun trade. People have been following that one for a while.
I think it's been absolutely destroyed because of the conflict we've experienced in the Middle East.
But I think if that, talking about headline-driven markets and things, I think if the conflict in
the Middle East begins to subside, hopefully it will. I think copper is going to come back in a
really big way. And then these rare earth metals are
interesting. REMX, I think just like zooming out, right? That's like the playbook for me right now.
And then of course, the biggest thing to keep an eye on, capital preservation. I think it's
Stan Druckenmiller, that was, I don't know the exact quote, but it's something like you got to
know the difference between growing your capital and preserving your capital.
And I think right now, especially heading into this sort of midterm election year, we see
cryptocurrency do its thing like it always does.
These types of midterm election years in the markets tend to be volatile and tend to be
more on the weak side of things.
And I think that's very much a strategy
that I started with in January, February,
which is just capital preservation.
I want to be in a place where it's Q3 or Q4,
who knows where the markets are,
but I've got enough dry powder in my portfolio
where when I want to make some big swings
against some of these fat pitches
that I think we'll see in the market,
I can do that in a meaningful way. So I'll pause there and I'll flip it over to Garrett from Neos.
Would love to learn more about, of course, MLPI. You guys timed that very well with the sort of
rise of energy, but just want to get your perspective on sort of what you're hearing
from institutions. Again, you guys are closing in on $25 billion of assets under management across your suite of ETFs. You just won an award from ETF.com for IAUI,
which is really exciting. So please give us the breakdown, Garrett.
Thanks, Austin. One quick question, we're around $22 billion of total assets under management,
hopefully getting towards $25, but not there yet. But I do appreciate the award acknowledgement.
Actually, it's a lot of folks that are probably with us today.
I mean, that was in order to win that award for IUI from utf.com.
It was actually just every individual and investor that went on to vote
and pick the products in that category that they thought were the best.
And, of course, IUI was the one that took home the winner.
So thank you all very much. But I think like, let's talk more just what is everyone
looking, watching, talking about that we're engaging with. And I think at the end of the day,
it's the war at the moment. I think as we've been talking about over past sessions in spaces like
these, it's been more like what's going on with the fed,
what's going on with interest rates, you know, whereas inflation, I think the war has obviously
taken precedent over all of that. Um, with all of that backdrop still lurking underneath, you know,
the water. And I think as we're really discussing like what's most impactful, as we've all been
talking about for the last two plus years, I and going to continue to talk about it's headline driven news it's trump's tweets like what what
is he going to say to obviously uh induce the market one way or another right obviously invading
iran um you know is one thing uh then you're coming back saying we're having positive conversations
right then you got two and a half percent in the futures. So I think headline driven is going to still be the key, you know, consideration for everybody to be thinking about. But what we've
always suggested folks to do is build durable portfolios and not try to be headline driven,
right? You want to have good long-term investments that you're planning on,
you know, building that's ultimately getting you towards your retirement or towards the goals that
you're looking to set. Of course, if you're someone that loves the day trade, great.
You can do that in a part of your portfolio as you see fit.
But for the vast number of investors that don't have the time to sit there all day and
understand every change in women in the market is build a diversified, durable portfolio.
It's really focusing on your investment objectives and where your risk tolerances are comfortable.
I think as we think about just where the markets are and what people are talking about that's most influential
is it's the war. And is the war going to last another week, two weeks, three weeks? And is
oil going to ultimately subside? That, of course, is going to be much more bullish to where we're
just back focusing on where the Fed is. Or is this war going to ultimately kind of take more shape?
And obviously, the biggest concern is do we actually put boots on the ground in Iran and go for, obviously, a much more full-fledged push?
If that ends up being the case, you, of course, probably have a continued spike in oil and commodity prices that ultimately are going to be inflationary. And you could certainly
see a sell-off in equities given the unknown stance of where that is, plus just driving
and rising costs for, of course, the general population that's out there. And so I think
the key driver is going to be how long is this going to last and to what intensity is it ultimately going to be. Obviously, we have a Fed
chair transition. Is Powell going to have a pass of the throne without any type of conflict and
fight? Obviously, the White House is out there with historical legal documents stating that
obviously that would require him to have a vacancy in the
Fed chair and the president has all the ability to ultimately put, you know, the new Fed chair in.
So I think if we don't see drama, which hopefully we don't because nobody needs that drama right now
in the marketplace, then you're ultimately going to get probably somewhat of still have more of an
accommodative Fed. I think the jury's out still on where interest rates
ultimately go, which is going to be another key driver. Labor market is still tight, right? And
it's probably expected to be tight. I heard a stat from somebody the other day that right now we're
having roughly more around 600,000 immigrants coming into the country versus about two to
two and a half million where we were prior. So if that ultimately is the case,
then obviously the labor market continued to stay tight,
is obviously positive for the market.
But however, if we aren't going to get rate cuts,
what is that ultimately going to do to impact?
And I think those rate cuts are probably going to be on pause for a little while, is what we're hearing from most folks. Actually, some are pricing in rate
hikes towards the September timeframe. I think it would take a lot to get the Fed to do that,
regardless who's in control and the board of governors. It's going to take a lot to hike
interest rates. I think that obviously would be a very challenging time for the markets to try to
get through this geopolitical
crisis with Iran. Oil prices north of 100, and then you start hiking rates. That's going to look
probably very close to what a 2022-type market environment would be. So probably the less
likely of the case from what we're hearing from everybody. But if you can get a resolution or a pullback from the
US, at least, in the Iran conflict, then most likely that's going to still be able to indicate
the opportunity for the Fed to cut at least 25 or 50 basis points towards the balance of this year,
which would continue to be positive. But I think overall, there's a lot
out there. And I think what we always tell people is you still got to be, no one knows, nobody knows
what's going to happen. Nobody knows what's going to influence us, what obviously quick tweak could
ultimately change things. But I think some of this market is less driven on technicals,
just because you could have such a change in the market from a velocity and also from a speed
perspective because of one individual headline. And as you can tell, you don't want to miss those
opportunities like Monday. Even if they end up still up 100 basis points and you're constantly
trading your portfolio, if you weathered a 4% or 5% pullback this month or 7.5% to 9% from the peak,
depending on what indice you're in,
and then you go miss a 1.5%, 2% pop, that makes your portfolio look a lot different
than where it was if you had participated in that. So I think for us, for the folks that are not
looking to be day traders, think about building robust, diversified portfolios that keep you
invested in the market and not up at night worrying about it.
And then ultimately, you can weather these types of blips, you know, within the market that are
constantly going to happen. Dude, what a great breakdown. I think the big like highlight to
that, and I completely agree with you, right, is like the assumption that the Federal Reserve is
going to cut rates two, three, maybe four times in 2026, just in December, right? Like we rewind three or four months ago.
It's like, yeah, of course the Fed's just going to continue to cut rates a couple of times,
75 basis points, maybe a whole percentage point. Who knows what's going to happen,
but we'll get some rate cuts. And now if you go look on Polymarket, I mean, I just looked yesterday,
it could be different, but the percentage chance of a no rate cut in 2026, according to polymark, it's like 35 or 40%.
That was essentially a 2% chance just back in December or January. So now the market,
to your point, Garrett, is starting to price in the probability of a no rate cut year.
And then to your point, yeah, worst case scenario, who knows what's going on. I agree. I'd be very
surprised if the Fed actually did consider raising interest rates. Oh my gosh, that would just be such a disaster.
Unbelievable. But you mentioned how important it is to have a well-diversified portfolio,
build around long-term outlook, things like that. Maybe you want to do a quick breakdown of
the three sort of different themes you guys have in your suite of ETFs that allow
retail investors to build those portfolios, specifically the hedge product, the SPYI product,
then like the boosted product. And then maybe even talk a little bit about, I know I'd mentioned MLPI.
I'm super excited about that one too, if you don't mind jumping on that one.
Yeah, absolutely. So as we think about like our product
offering, we really always want to be a solution provider and let investors, you know, pick where
they want to be allocated or to build a diversified portfolio, you know. And so as we think about that,
there's kind of three core buckets, you know, equities, fixed income, and alternatives, right?
If you really want to simplify it. When we think about equities, we again want to let
investors choose where they want to be positioned on a risk relative to return and income perspective.
But a lot of what we focus on here is tax efficient income investing. And so how do all of our
products have monthly distributions that are seeking the greatest level of tax efficiency
that we think we can try to accomplish within that asset class? Of course, each one can be
somewhat different depending on indices, you know, investments that we think we can try to accomplish within that asset class. Of course, each one can be somewhat different depending on indices, investments that we
can also pick from, and the ability also to trade around the products within the portfolio
for gains and losses for tax purposes.
If you think equities, core covered calls is where SPYI, QQQI, IWMI kind of fit to where you want to gain exposure to the S&P 500, NASDAQ 100, or like a Russell 2000, or even the international one with NIHI for an IFA.
So you're getting core equity exposure, but you're going to lower your volatility and seek to kind of generate income.
And by doing so, you give up a little bit of the upside appreciation to generate what would be a tax-efficient income.
a little bit of the upside appreciation to generate what would be a tax-efficient income.
If you're risk-adverse, we have hedged versions like the QQQH or SPYH where you're going to gain
exposure to those indices, you're going to get a level of income and tax efficiency,
but you're using part of that income generation to buy downside protection, so call it put spreads,
on those indexes which help limit some of the losses and pullbacks.
So that's like the more risk adverse version.
Or if you're risk on,
and you're really looking to play for equity-like gains,
returns, or even potentially more,
we have a boosted set of products
where you're getting a levered version of a covered call.
So that kind of core one I spoke about, like SPYI,
you're looking to generate more exposure by using leverage in the form of an option strategy to enhance the overall exposure to, say, the S&P 500 and XSPI as one of the examples.
And you're still doing covered calls, but you've essentially given a target of around like one and a half times a regular covered call strategy for us.
So you kind of pick the lower risk, the core risk, or the enhanced risk, right?
Depending on where you are within the equity suite.
The other ones we love, and I'll just touch on MLPI because you brought it up, Austin,
but like that alternative suite is really focused on exposures to either crypto, commodities,
real estate, you know, energy infrastructure. And so those are those products that are seeking kind of alternative exposures to either crypto, commodities, real estate, you know, energy infrastructure. And so
those are those products that are seeking kind of alternative exposures, lowering your correlation
to equity and fixed income markets, or kind of giving you more of like a targeted absolute return.
And so for MLPI, we did launch it. It's getting you exposure as an underlying to MLPs, so master
limited partnerships in energy infrastructure.
And so think like pipelines, infrastructure that are moving fuel, you know, around the country,
and basically a toll road to where you're looking to generate income. Anyone who invests in MLPs or
knows about them, they tend to carry an above average, you know, yield relative to the rest
of like the equity market where you're in that kind of five, six, seven percent dividend range coming off of those underlying holdings. And they try to do them
from like a tax efficiency standpoint. So a lot of times they do get categorized as a return of
capital, which I won't go through the whole thing now, but there can be a tax efficiency to that
underlying portfolio's distributions. And for us, we're instituting essentially a covered call strategy against what we like to use is like an index, an ETF option that's linked to the index of Alarion's MLP index.
And so you get essentially the same correlation to our underlying holdings, but you're able to harvest that volatility level of that underlying,
you know, energy and infrastructure positions to generate additional income. And so that product
is really seeking in like more of like the north of 14% annualized distribution range than just
being in like the energy and MLP, you know, space that could be closer in like that five, six,
you know, 7% range. So again, at the end of the day,
it's really up to you as the investor to espouse your views of what do you need to diversify your portfolios? What's your estate planning goals? What's your risk tolerance, you know, potential
income needs, but you could do that nowadays through NEOS. And of course, obviously that we
have competitive, you know, product out in the marketplace against us, you know, that are letting
you pick and choose different portfolio allocations to construct what, in our opinion, would be a good idea of building a diversified
and durable portfolio. What a great breakdown, man. Thank you so much for walking everyone
through that. I'm certainly excited about MindyOS funds and what you guys have built. It's just
really cool. So I appreciate you walking everyone through that. I'm going to move the microphone,
a little shuffle here. Options mic. I sent you walking everyone through that. I'm going to move the microphone, a little shuffle here.
Options mic.
I sent you the panel, Austin.
Oh, you did.
Everybody, I sent you a little picture.
Yeah.
All right.
So we got, okay, here we go.
Whoa, dude, this is in a different language.
What language are you?
Have your phone set to?
It's in a different language.
That's nuts.
Oh, yeah, yeah, yeah.
Yeah, yeah.
Me living down here in Puerto Rico, I've moved everything to Spanish.
It's helping a lot, actually.
Good for you, man.
That's cool.
He's fluent in Spanish.
He's like, I'm telling you, change your phone.
It'll help so much because you know everything.
You just, you know, like you know where everything is.
You just don't know what the word is.
So, yeah.
That's actually hilarious.
I'm looking at it.
I'm like, that's not English.
Anyway, what's up options, Mike? We'd love to get you in the mix here, man. We're talking about
market uncertainty. I kind of did my preamble here about my perspective on these high beta names and
the rolling over of the indices and what could happen and all this stuff. But how are you seeing
this? Obviously, it's very headline headline-driven market as we speak.
We just saw on Monday a little bit of headline news
made the markets pop 2%.
Markets opened up pretty low today.
I think they're in the green right now.
But yeah, the S&P is in the green.
Dow is in the green.
What's your perspective?
What's going on here?
Hey, Austin.
Thanks for having me, guys.
You know, there's nothing worse than a headline-driven market.
There really isn't.
And, you know, for me, like you see it today, we're getting headlines all over the place.
The market gyrates, it pops, it's followed by a headline in the opposite direction.
And, you know, it's just very difficult.
And the market is, to me, you know, if you're a day trader you got to be so careful
because if you're trying to trade in one of these and you get caught in the wrong direction it's just
you get painful and it just feels like every move is quickly undone here um if you're an investor
you should be having a shopping list here right you know you should be looking saying what do i
want to own here what do i want when we come out of this? Now, my point of view is obviously the Iranian war is what's kind of driving the
market here, but there's more going on than that. And, you know,
before this started three, three plus weeks ago, you know,
the market already was not trading well. It was the AI trade was blowing up.
It was inflation is holding its head up high. It's the whole tariff ordeal.
You guys brought up Powell powell there's a
lot of questions right now whether warsha is going to be uh approved by the senate in time uh for
powell to to leave or to hand it over because right now the republican senators are holding
it up because they're unhappy with what trump's doing with the uh with continuing to go after the
fed uh you know why he won't drop the case against
them um so there's a lot of undercurrents here to this market that make it very difficult
for me what i do here is i focus on names on a day like today that are trading better and
or trading stronger so for today for example i didn't trade but apple's having a great day
energy's having a very nice day and you know when i look at what's going on the energy market and is kind of saying we're not sure we really believe this whole peace deal
you know uh crude is still up around 92 a barrel the xlf hit an all-time xle hit an all-time high
today along with chevron and exxon mobile so you know you continue to have incredible strength
there apple to me is kind of a safety name they love it because of its dividend so you know, you continue to have incredible strength there. Apple, to me, is kind of a safety name. They love it because of its dividend.
So, you know, I wasn't surprised to see that pop up here a little bit today.
But you look around and, you know, the semis are holding, but, you know, it's not the names we're used to moving.
NVIDIA remains in the dumpster.
Microsoft breaking down.
Meta breaking down.
It's down to, what, $594 here.
$597 now in a little bounce. There's not a lot to like here what, 5.94 here, 5.97 out of a little bounce.
There's not a lot to like here at the moment.
And so for me, it's being extra careful.
And it's hard to get follow through.
Like Palantir looked so good yesterday, had that beautiful breakout move,
looked great this morning, popped for about three minutes and then puked.
Circle, which looked good, popped for a minute and then puked.
And it's just markets acting really
really weird you just have to be aware of that and be extra careful here i think you know take it
easy we have no data coming at us this week we have no earnings really left now it's pretty much
uh earning season's over we're about to start that again in about two and a half three weeks
you know so it's really unfortunately all about ir. And really, it's about the president.
And whether you love him or hate him,
when he feels in a corner, and he does right now,
he's definitely concerned.
He was not expecting this.
He engages things on the market.
He gets extremely aggressive in his speaking.
Like yesterday morning, he spoke nonstop all morning.
And the problem is he gives different messages when he talks to different people in different media.
So it's not the same consistent message, which makes it a little bit tougher there.
So, you know, you're going to have to watch out for stuff like that.
And then, you know, I think I've been laughing about and been reading about and saw that yesterday is that huge half billion dollar oil short.
Fifteen minutes before he put his tweet his
social media post out there and up and a pop in the es where somebody came in about the es
i hope somebody gets in trouble i hope they find out who it was i really do i hope they
they say who it was and they go after them for insider trading i agree mike that was yeah i
thought that was wild too someone someone must have added Baron Trump on Xbox Live or something
and they're trying to...
And usually they're not that blatant about it, right?
That was just blatant.
Like they didn't care.
Yeah, no, I completely agree.
I completely agree.
Let's talk about, you mentioned a couple of names.
Let's talk about setups, right?
You mentioned like, hey, this is a good time to have a playbook. This is a good time to have some names that,
for example, this morning, y'all can laugh at me. I bought about $1,000 more of Microsoft
trading at or right around that 200 week moving average. I think Microsoft was a no brainer. I
think it's down 40% from recent all time highs, right? So like, that's a name that I'm looking
at right now. I think now's a great time to start identifying what are stocks that you
think are going to be here for the next 5, 10, 15 years that are trading at discounts to those
historical valuations or below those major technical moving averages that people like
to keep an eye on. Options, Mike, you have any any names come to mind for you specifically
i i do kind of like microsoft but i don't think the low is in there yet it just it can't find any
kind of solid balance yeah uh i i really liked meta's earnings report and i think i already have
some i bought some after earnings and i you know i bought a small because i wasn't sure but
so you know down here it's down uh i don't know where i bought it at like 670 or something like that whatever 650 right on that earnings day uh i'll buy more of
it when this comes out of it because i think that was just a fabulous report and they you know
they're you know they just control social media you know everything else is just small potatoes
next to that and it's next to nothing um you know then i look around at different names and
you know sometimes you look around and say
hood wow it's so cheap i should buy me here but the chart looks like death what has looked pretty
good and it's been holding fairly well is coin coin seems to be trying to detach itself a little
bit from this crypto and trying to hold in better so i think you know i do think that there are
names out there you should be taking a look at considering i would love to tell everybody to
buy nvidia but man that name that name has just been stuck now for seven six seven months
and doesn't look to doesn't look to have any um way to get out of there right now but at marble
looks really good since earnings see sometimes you have to look around and just not look at the
big names and look underneath it but marble looks looks fantastic. And they're into that photonics.
They're going to be a big player in that.
And that's where the next move is coming.
I appreciate that breakdown.
Some strength I'm seeing in my portfolio today,
not really year-to-date though.
It's down.
Rockwell Automation.
I'm seeing a little bit of strength today but um yeah
hasn't done that great year to date actually it's like five or six percent um yeah actually
my whole portfolio like i've my my portfolio is green about one percent i'm just looking at it
it's like xle vde you know oih all of thesexon mobile. And I've got, what's the other one? Oxy petroleum
and U S like all of these energy names, um, PSX, Phillips 66. Like they're just, I'm so
grateful. I was able to jump in all this stuff back in February before this, it has just helped
me tremendously stay, stay not in the green, just like offsetting red elsewhere. Another name I've
been accumulating shares of lately is Amazon. I know we've been talking about that one for a while,
but I just think, you know, who knows if it's going to 180 or whatever you want to look at
with moving averages, or I'm not a technical person beyond just looking at a couple of moving
averages, but I truly do think Amazon. i own amazon yeah i own a ton of it
um i still like it i i know they didn't like that report um and i get why it was not the best report
but you know they they think they know what to do and you know the one thing is they know how to
build their data center aws operations so if they need to spend a lot of money to to to get to where
they need to be to ramp it up even more i believe them because
they've been they've been doing nothing but great things with aws and the driver of all their profits
for how many years now yeah no you're totally right man i appreciate that breakdown gonna
show the microphone over to our friend crypto fit what's up man i don't think i've uh i've spoken
with you before but i'm glad you've you've decided to join us today how's it going hey good yeah um
you've you've decided to join us today how's it going hey good yeah um the the fellows i'm the
high yield guy oh you're the high yield guy well we got some uh yeah coming over from our friends
at neos they're there i would like to describe neos not as high yield but as um durable yield
medium they're durable they're not gonna they're not to destroy your nav by doing some crazy 80, 90, 100% yield on some wild names. That's that durable yield over there with Neos. We love them. But dude, thanks so much for joining us. We'd love to get your perspective on the markets. during times of uncertainty is certainly a great idea. I've done that myself with SPYI, QQQI,
I mentioned MLPI. BTCI actually is going to be how, you know, crypto's in your name.
BTCI, in my opinion, is how I think anyone right now that wants to nibble at Bitcoin,
now that it's down 40-ish percent from all-time highs, can do so in a manner that's going to
allow you to generate some yield in your portfolio of 28,
30% annualized, where if Bitcoin does have a pullback of another 5, 10, 15, 20, 25%,
the yield generated from your position might offset most, if not all of that,
especially if you reinvest it. So big yield guy myself. Thanks for joining us.
Yeah. So I've never actually got to talk to the neos guys
believe it or not so this is a an awesome introduction thanks wolf for pulling me onto
this and i know you i know why you done did that so it's perfect so here's what my my question neos
fam if you will um just opened up a thousand share btci position at a $33.26 cost basis. I always tell my following, it's okay to have enough
physical Bitcoin and then start to utilize these yield products. And no one's done it better.
I've watched from afar. I've actually never owned your funds, minus a little bit of SPYI
in and out here and there. But I rotated a good amount. And yeah, so now the goal is to get about
two to three full Bitcoin and capital inside of BTCI.
And I'm going to play that experiment out.
But my question for you, and I don't know if you can answer this.
What I've been seeing through Rex, through a lot of other fund managers who I speak with all the time,
is that the companies that are going to make it in this crazy new yield sector, which this is new,
by the way, right? That's why this is a fun topic. Are financial advisors buying your funds? And are
you allowed to tell me that? Now I have, I do know from some of the other fund managers, that is where
they're getting a majority of their assets under management. And I think if you're allowed to speak
to that to the public,
public being like high yield nerds like us,
it's cool, right? Because if fund managers are truly buying,
this means I know you're going to be around.
Not that I don't doubt for one second,
Neos is one of the leaders.
But are you allowed to disclose
any of that information to us?
Yeah, so let me try to give it a little color.
So myself and Troy, who co-founded Neos, we actually pioneered some of the very first option-based strategies in 2013. Those products are still in existence. They are a much larger ETF issuer. And so we've always been very dedicated within this space well before anyone else had come into it. So if you go back 10, 13 years ago,
we basically had two, three, four of the only five funds that were available. And so from a
structural standpoint, we're very behind our products, the space, the sector, and what they
can offer investors. And I think that's why we really focus more as a solutions provider than
maybe competitors that just throw high-yieldy products out there or very gimmicky thematic
kind of issuances. We're focusing more on the holistic asset allocation. But our firm manages
everything in-house. So we create our products, we trade our products, we do with operations,
compliance, finance. A lot of our potential competitors outsource those. So
they might have somebody create an index for them, which means the investment strategy. Then
they have somebody else at another firm trade it. But we also do all of our client servicing
and distribution in-house as well. So there's roughly 34 of us here. We have a whole team of
17 plus people that are focusing on advisors and asset managers that
invest in our products. So to answer your question directly, yes, we have a lot of financial advisors
and investors on all the platforms that we're engaging with in conversations. And they ultimately
select what products, makeup of products, asset allocations for the benefit of their clients.
But we definitely are not a firm just solely focusing on outreach to individual investors.
I think when we did that, the idea is you can't discuss investments with an individual directly.
We're just not allowed to do that.
It's got to go through a broker-dealer, which has to be another firm. So for us, we love to engage in speaking engagements or really media to discuss the products to get the right information out
there so an individual or a person could make their own informed decision because we cannot
help do that. However, yes, we have an entire team focused on working with financial advisors
and financial professionals, managing money on others' behalf
that all invest in our products and utilize them for their clients' portfolios.
So hopefully that was helpful.
Oh, that was super helpful.
And I'm starting to do some high yield spaces even coming up here with Wolf.
And one thing I want to know is like the first topic, it's more of a generality.
And I just want to ask you guys this just to get
some some uh feedback on it like do you think that there's a misunderstanding about who these funds
are for right like let's just use bitcoin because that's my specialty if i'm just gonna if i'm just
in bitcoin for growth in reality i could have some interest in buying BTCI, but I'm a human where I actually need
income currently to subsidize my lifestyle. I got three small kids. My job with CrossFit
is garbage. It's not garbage. I mean, I've worked for the company for 13 years. It's just,
they're only going to pay so much, right? It's not going to work. So I have to use income funds for my life and that's in theory what they should be used for
now would you argue against that hey if you just want exposure to bitcoin just buy bitcoin but if
you want exposure to bitcoin and income buy our product now are you guys trying to market to
everyone are you trying to be clear with that message like hey you need to utilize these funds for income otherwise if you just want growth we
probably are going to underperform the underlining uh you know i bid or etc or are you like kind of
trying to stay as close as you can in total return that might have been a rant but if that could
make no uh no i got the concept uh uh no we're we're very uh deliberate in like our messaging
that these are income-based products and so in very bullish trends, especially in the short run, these types of products would underperform just the long-only version. And so it's important to note that, and we do focus on that.
These are great ways.
However, I think everyone needs to understand is it still has the majority exposure to the underlying from a risk perspective, right?
So if you want to invest in Bitcoin because you're looking at the yield, you need to understand you have Bitcoin risk and exposure to that.
And so that's an important part.
A lot of times we end up talking to investors that if you're looking for growth and income, you might pair our products and understand the upside appreciation and what the income we can create off of, you know, a BTCI,
but you're still going to hold your IBIT or your, you know, direct crypto and your long-only,
you know, custody, like, you know, Coinbase account. And so it's really about, it's blending
portfolios. That's part of like the durability. I would never suggest for us or anyone to ever own all of one fund
company or all of one fund just because you're putting risk in it. And it really doesn't have
to do with so much the underlying because in an ETF here that we managed to, right,
it's very transparent. We show our holdings on our website every single night and stuff,
but it's up to what it is that you're ultimately trying to achieve in your portfolio.
And you are very correct in the statement of like, these are income products, pair them
with your growth products or your very defensible products.
It depends what you're looking to ultimately get.
But the key is to drive income within that portfolio from the volatility level of the
asset class you pick.
We also have levered Bitcoin, right? Like for the people that are like the volatility level of the asset class you pick. We also have levered
Bitcoin, right? Like for the people that are like the highest octane. So you want to get back to
almost a full Bitcoin or even more, you know, there's that version. So at the end of the day,
it's really espousing your view of where you want. But the whole core concept for us is that
these are income oriented products. And if you're not looking to generate any income,
and you just want to be long and strong
and hope for the best, then yes, you should be buying the plain vanilla long only like IBIT or
just S&P 500. Thanks, guys. Appreciate it. I'm sure we'll be chatting again soon.
No, that was great. Yeah, I think, and I'll toss the microphone over to Wayne here in a second,
but I think what's so exciting about
Neos funds as we're just talking about them here, they do a really good job of, and maybe,
you know, Gary, you can explain this a little bit more about how you guys use this rules-based
strategy to, you know, write your covered calls to 3% out of the money, not on the entire notional. So there's still some
part of your underlying portfolio that can run even if, because we're talking about the
underperformance in the short term, even if there was a massive green week in the markets,
not 100% of the underlying portfolio is capped by this covered call strategy. So maybe Garrett, maybe you've
just spent a minute or two explaining how you guys are writing for BTCI because I know it's
different than SPYI or QQQI. Yeah, so I think the whole concept to define really our investment
process is to look at data, historical trends, short, medium, long term, and use data as
a way to build what we feel could give us the highest probability of meeting the investment
objective of the fund and consistency. And one way we think about that in these covered calls
products is there's, of course, we have other ones. We have put writing products, we have
hedged products, but in covered call call is like you need to try to marry
the um the growth and the income it can't just be all income like some of the other incredibly
high yielding products out there right because all you're doing is essentially saying i'm going
to generate this income and i'm going to distribute it all out and hope that i earn in the future like
you have to understand what the underlying indice is going to potentially return i.e bitcoin or the
s p 500 that's a that's a driver, almost the majority of the driver within the fund's performance,
is because you're long that asset class, you're long that investment, and you're trying to sell
away some of that upward tail in order to generate income. And so you don't want to sell away too
much of that because you want the upside, but you also don't want to sell away nothing because
you're not going to generate the income in those more moderate, you know,
tight market environments. And so for us, we try to look at the data and say, okay,
what is a consistent way that we could follow a set of rules so that everyone understands what
it is that the product is doing and how it's going to perform that's going to give you the
best balance or seeks to have, in our opinion, the best balance of total return
performance along with the income that you can generate off of that asset class.
Because as we talk about this, these are option strategies.
So all the income is being generated because of volatility, right?
And so the volatility is what's driving the ability to generate income.
And something like Bitcoin's volatility, I think, as most people know, is call it maybe
more in that 60 60 to 70% range
versus the S&P 500 that hangs in a range of more like 15 to 18 besides shocks that we're in now
that's closer in like the mid-20s. So the relativeness of those two asset classes
have a significantly different volatility, which is what that income driver is. And so for us, we like to
come up with rules that can help guide us to delivering a consistent return stream relative
to what the underlying reference asset price is going to be, regardless of volatility environments,
being low vol, medium, or high vol. And so for us, as opposed to being an active manager,
just coming in and trading and
feeling what that is that's not what we do and it's also not just a one set factor index where
i sell an at the money option on 100 of the portfolio every third friday on options expiration
like we don't view that as successful either you got to look at creating a set of rules and factors
that are assessing
volatility, the options market, the underlying reference assets. So let's keep with Bitcoin for
now, you know, its price action, its return, you know, and expected returns, you know, in the
future. And that's where you help set your price for the options, you know, to look to ebb and
flow. And essentially, to summarize that, create a dynamic option strategy against your underlying reference asset to seek both income generation and upside
appreciation. My man, I love it. Appreciate the breakdown as always and great questions,
everyone involved here. Wayne, dude, welcome to the little roundtable we got going on. I apologize,
I'm not getting you on sooner, my friend.
We got uncertain markets.
You're over here biking in front of what I think is an Escalade.
Just staying active in your profile picture.
I love it.
What's your perspective, man?
What's on your radar right now as someone who perhaps is looking for opportunity in these uncertain markets?
Do we have Wayne?
He might have just had his account up here.
That's okay.
I don't know if he's on here,
but we do have John and we have Spencer as well.
Well, same question to John
because I love his AI photo here.
I need to do something like that for myself, man.
I love that.
Are you kidding me?
Like this profile picture,
Neos ETFs just written right there in the mug.
That's cool.
Got the Goldman Sachs hat.
Dude, I need to do something like that, John. So John, same question to you, man. What's on your radar?
I didn't know you were so into NEO CTFs like that, that you got to put it on the mug. That's
pretty cool. Oh, thank you. I appreciate that. And thank you, Wolf, for having me on. It's been
a really great panel and it's an honor to be here with Neos, Team Neos. I mean, I'm all about
listening to what Garrett's been saying, but for me, I have my hands sort of everywhere. I have a
commodities account. I have a growth account with ETFs. I have my futures account. I have a think
or swim. Then I have a ninja trader, a futures account, but my main account is my income account,
and of course, I have a lot of NEOs,
ETFs in there. But like everyone else has been saying, right now we're just in a news-driven headline market. And I don't worry about anything because I know I'm going to have these ETFs for
really for life. And no matter what comes out, I'm going to stick to my plan. I'm going to dollar cost average twice a month.
I'm going to have my ETFs dripped on.
All right.
That'll just help smooth the ride out.
And then, of course, I'll have some cash on the side.
So if we do have a larger pullback, I can, you know, whatever's on my watch list, like what you said, Austin, I'll add a little bit to this and a little bit to that.
I'll add a little bit to this and a little bit to that but for me as a long-term investor just like
everyone else has said I'm just sticking to my plan and enjoying the ride and not letting it
get to you and have quality and that's another thing you talked about have quality ETFs that
you have inside your portfolio like NEOs like my Goldman Sachs that way I know I have portfolio
managers that are there and I can trust what they're doing and they're transparent. And that's
another great thing about Neos that Neos has their own YouTube channel out now once a month,
or when they have a new ETF, you can go check that out. And I really love that aspect of what
they're doing over there at team Neos. But yeah, that's, that's my plan. This short, stick with
the plan, stay the course. And if you have a little bit more of a drawdown, you know, put some money
in there wherever you want to, but I really appreciate this. It's been a great, guys.
Man, I love that. Yeah. Shout out to the NEOS monthly income podcast over on YouTube. They do
a great job of doing little monthly updates for those investors. They just crush those. Totally
agree with you. But I'm curious, you mentioned a commodities account. Talk to me about how your
commodities account has, I would imagine, seen some ups down, lefts, right, and in circles over the last perhaps month or two since this war, chatter of the war and different things in the Middle East broke out.
I'd actually been a big buyer back in December of fertilizer.
So I've got Potash IPI as the ticker of that company that I've got.
It's, I think, the only US pot ash sort of,
you know, company. But anyway, that one's doing pretty interesting and a little bit of copper.
But besides that, those are the only two sort of commodities I have exposure to. But I'm curious,
would love to get your perspective, John, on how you've maybe played this or what your commodities
are looking like or any maybe big learnings that
you've learned as it relates to kind of navigating this over the last maybe two months or so?
Oh, absolutely. Sure. What I did, it was in 2024, at the end of 2024. And I watched the
Schwab Network and the Future Show. They always have gold and silver. We always talk about that.
Everybody talks about that, especially nowadays. Well, at at the time i said i'm just going to start
a little commodities account so i added gldm and i added slv and then i did my research and i added
the i shares minor the golden minor etfs ring ring and then the Silverminer ETF, SLVP. And I just added some shares and that's it. I
haven't done anything else. I've just let them ride. And it's been a good investment. I wish I
would have bought more at the time, but yeah, I just let it sit and just take its course. And it's
been great. Don't worry about it. That's awesome, man. No, I love your advice too. And I hope
everyone listening follows it which is during
times of volatility like this especially when you kind of zoom out and you look at to like what the
s&p and the nasdaq and the dow jones have done since maybe early october um but like like
essentially we've traded sideways for like four or five months right like if you if you look at it's
like yeah we've gone up and down a little bit but it's like we're we've traded sideways for like four or five months, right? Like if you look at it, it's like, yeah, we've gone up and down a little bit, but it's like we've traded sideways for the last
four or five months here. And that is when investor fatigue really begins to kick in.
Investors look and they say, I haven't made money in the markets in the last three, four,
five, six months. My investments aren't up. I keep dollar cost averaging into these index funds that
these people tell me to buy, but I'm not seeing any returns. Therefore, I'm going to stop. Therefore, oh no, it's down 3%, 4%, 5%,
6% in the last month. I don't want to be a part of this. I'm out. See you guys later. I'll try and
time the markets and I'll wait for it to bottom out before I buy back in.
back in. And Garrett did a good job highlighting at the beginning of the discussion, which was,
And Garrett did a good job highlighting at the beginning of the discussion, which was,
sure, but these headline-driven news environments that we find ourselves in, that 2% pop that the
markets experienced on Monday by not having a position, by saying, oh, I'm out of this,
I'll wait till it bottoms, those 2% days are important to rack up one after another throughout
the year as I'm sure more headlines are going to come out.
So I agree with you, John, and I just want to reiterate to everyone listening that staying
the course, having a plan, dollar cost averaging, taking advantage of NEO's funds to expose
your portfolio to specific strategies that are interesting to you, that is the name of
the game.
That is how you inevitably build wealth
over a long period of time. So really appreciate that breakdown, man. And I know we've got Spencer
here hanging out as well. What's up, Spencer? 32K on YouTube, bro. That's big. That's big.
It's been grown. Can you guys hear me all right?
We got you, brother.
Excellent. Excellent. Good to be back. Thank you guys for having me on. It's always a privilege
and I always love talking about NIO. So it's a great, great spot to be.
Yeah, man, absolutely. So what's been your sort of perspective and experience over the last,
let's call it like three months or so, right? Year to date, markets are down. We saw some
all-time highs in February, saw some all-time highs in some high beta names back even in October,
early November, but we've been kind of having this weird limbo. And then you kind of look at what's going on in the Middle East, a lot of
uncertainty in the markets. So how are you sort of navigating this? Is there a specific sector
you're excited about? Is there something you've been kind of having your eye on, but you're not
yet ready to jump in? What's been your experience? It's been a mix. I'm like a hybrid investor with growth and income.
I love both.
I love all the different pros and cons of each.
I've been buying primarily BDCs, a lot of BDCs with the drop in their value at this point.
And I'm kind of trying to diversify a little more of my portfolio.
And a lot of the help from Neos has been amazing because of things like MLPI.
And a lot of the help from Neos has been amazing because of things like MLPI.
And then I'm also looking, I purchased Bitcoin a couple months ago when that first big drop
happened.
And then I've been buying into some of the Neos boosted funds, which are my personal
favorites.
I have to say this, I'm a younger, more aggressive investor.
So I do like the utilization of the leverage component and whatnot.
Of course, not financial advice, but it's really interesting seeing the performance of the underlyings of SPI, QQQI, and even BTCI,
even as we've seen the fall of Bitcoin. And I'm long on Bitcoin, so it doesn't,
sure, it might be scary. We could have some crazy volatility with XBCI and so on,
but I'm going to be tracking all of them. That's kind of primarily what I do on my YouTube channel,
on X and whatnot, is talk about how these things are
going, the income they're producing. And so I'm really excited to see how these things perform.
As always, I like to watch things for long periods of time. I'm not really a swing trader,
so we're talking years plus. But seeing the performance of a lot of these NEOs funds and
then seeing the leverage component added in, I'm curious how they do in the long run. I'm excited for it. And then MLPI.
Absolutely love MLPI.
I'm biased because I hold a lot of the underlyings already. And they're large positions in my portfolio that I bought post-pandemic.
And the beauty of MLPI is you don't have to have those super annoying K1 forms.
So I'm debating now if I should just get rid of all my holdings within MLPI and just
dump all of that into MLPI so I don't have to pay the tax fees on top of it to have my accountant
do it because I hold, I think, four or five of those. And so those K-1 forms really do add up
come tax season. And I'm in California, so taxes already suck as is more than most. And so I'm
trying to reduce my taxes this year and next
year and all the following years as well. So I love it. I'm really impressed by what Nios has
been able to do in formatting their ETFs for all different kinds of investors. Basically anyone
that wants income, you have their hedged positions, you have their normal positions,
you have some leverage. And so the ability to really generate a portfolio, you can capture every portion of that risk.
And so it's really cool.
It does help, of course, with the content side because I like talking about things that
have had good performances and that I personally own.
You can see all of my holdings, what I hold from Neos and other issuers as well on Blossom.
So I appreciate it.
And I think it's going to be really, even with
what we're seeing in the markets, jumping back to how things have been rocky, I think it's a good
year for income-focused investors. For me personally, I'm just reinvesting my dividends.
I always reinvest. I'm not living off this income, but it's enabling me to buy a lot of these,
like BTCI, for example. I'm able to buy more and more at these lows. And my long-term outlook is
positive. I think,
you know, three, four years down the line, it's going to be in a significantly better place.
And I'm happy I'm able to get some shares for cheaper during this time. So big, yeah, big,
big fan. And I'm excited to see where Neos goes. And of course, to see what ETFs they have coming
down the pipeline in the next year. Yeah, absolutely. And actually, Garrett,
can you, I don't know what you've got filed or not, what's public, you i don't know what you've got filed or not what's
public or i don't know what you guys are working on but if you can give us a little sneak peek or
anything you guys are thinking about that'd be fine if not obviously understand but um i don't
know you guys have anything you're cooking over there always have some things cooking we don't
have anything in registration uh right now that we're waiting on but uh definitely some things probably close to um getting done in order to file for um
so we can stay tuned on that but man this space a lot of love thank you all for everybody usually
we're talking about uncertainties of the markets and macros and uh obviously a lot of a lot of love
for neo so we obviously truly appreciate that we wouldn't be here if it wasn't for you all.
So thank you.
Garrett, I have a quick question for you,
if that's all right.
Yeah, go ahead, Spencer.
Garrett, do you,
I'm sure it's still relatively new
with the boosted lineup.
Are you guys considering extending that lineup
to some of the other,
like I would love a boosted MLPI.
I'm not sure how long that takes
or what you can disclose on that,
but is the door closed on the boosted funds?
Do you have what you're looking for?
Or do you think there's potential to have more of those created? Yeah, no is the door closed on the Boosted funds? Do you have what you're looking for? Or do you think there's potential
to have more of those created?
Yeah, no, the door's never closed for us.
The concept is always like solutions providers
for investors like yourselves
and letting people, of course,
choose their risk and allocations
that fit their estate planning goals
and financial situation.
So Boosted is definitely ability to cascade that across other
products that we have, ability to add to hedge types of products for the ones that are wanting
to expouse more of a risk-off view. We have looked at extending to commodities. Obviously,
it's been a little bit of a roller coaster the last couple of months. And so trying to see where
that ultimately settles out to see where really more core long-term investments end up sitting.
But I think concept is cascade,
that kind of equities, fixed income and alternatives
that we offer today to more solutions.
And so that investors can take on an asset class like an MLPI,
maybe some more with a hedged exposure, boosted exposure,
for instance, or other new exposures that we don't have today. But we're very thoughtful
and deliberate in our approach. And we like to research a lot and make sure that we're bringing
out products much more on a selective basis than it is just firing off a ton of them and
seeing what investors want.
We're always totally behind our products. And so for us, I'd rather launch a couple throughout the
year than 20 and hope that at some point you don't close a bunch of them. We really are not
on wanting to close products. We want to make sure we're very focused and deliberate on what
it is that we bring out because we invest in every one of our funds, you know, and that's important.
Thank you. Thank you.
100%. Well, listen, I know we've only got about 90 seconds left.
Maybe Garrett, if you want to, you know, as someone with, I think you mentioned there, 22 billion or so assets under management.
I said closing in on 25. You guys are much closer to 25 than you were years ago, which is very
exciting, well-deserved. But yes, as a suite of ETFs with tens of billions of dollars of assets
under management, you guys got your ear on the ground. You guys are working in that area,
all in and around Wall Street. Any parting words here for our retail investor friends that are
trying to navigate this market uncertainty
and maybe they're doing a good job of it maybe they're not what what parting words and advice
can we can we share here with them i would just circle back to where we started right there's
always going to be a lot of unknowns in the market that's investing there's risks associated with it
you know as john even said uh in particular like he's got a long-term vision. We always suggest long-term
and build a diversified portfolio. There's going to be times where investments don't
work in your portfolio. Your other investments are supposed to help offset those, whether that
be risk, return, maybe you're missing out on upside as a potential risk, maybe it's drawdowns
in that. I think only you know your financial position and you know what you're
comfortable owning and where you're trying to get to. What is it that makes you excited to retire
or ultimately achieve within your portfolio? It's not what your friend has at a cocktail party.
I've seen a lot of people chase the AI trade as just more recently, but there's plenty of examples
going back the last 20 years of people chasing returns returns and i think at the end of the day just try to straight stay strapped to the mast of
what it is for your portfolio your financial picture and where you want to go uh and think
about that right obviously you know near neos is near and dear to our heart obviously because it's
our business and we're passionate about it and we've done this for a really long time but it's
also not your entire portfolio right and so, think about what it is that fits
you for your investments and your return when that comes to fund managers, when it comes to
individual investments, equity investments, ETF investments, just make sure you really spend the
time where you should be, not where everybody else is always guiding and telling you that there's
the next great trade to make you a millionaire building wealth is inevitable if you are disciplined and you
follow a sound strategy thank you so much everyone for joining us on this twitter space i had a blast
yeah shout out neos this has been fun a lot of love a lot of excitement and uh over over to you jordan
always a pleasure austin garrett appreciate you as well man just coming here always being so
transparent with the audience we really appreciate everybody coming on this one and shout out to all
the all the newer people that showed up as well john love to have you on the next one as well
spencer good to see you again my man and some others that joined us just a great panel for
this conversation so hope everybody has a great panel for this conversation.
So hope everybody has a great rest of your day.
We're going to wrap up the spaces here and shortly just get moving on to the YouTube
stream.
So if you guys want more content, we will be hanging out on the YouTube stream the rest
of the day.
I'm going to get that started in about 30 minutes.
And I believe Trump is speaking at about 1.30.
So right when we get started, we'll be listening to that speech and have some more headline driven markets, I guess. But pleasure. Everybody will be
on the YouTube stream rest of the day. So we'll see you guys there. Have a great one. Thank you.
