morning, Paul. How's it going?
Morning, Will. Going pretty good. Just
seeing how the market reacts to this morning's news.
Anything specific that you're watching within there?
still trying to wrap my head around
you know, how ES is reacting
You know, I don't look at the numbers too much
I'm just looking at price and
you know, ES wasn't going to drop down
so, you know, it took a little
and just kind of seeing what it does
above this level of, you know,
wait until New York opening.
Alright, Evan, I see we got you in here
you want to cover some of the news this morning?
I don't have too much news. I was up kind of late.
he was talking about, there was Q4 GDP,
which I thought was the big one.
The advanced rating, so there's two more revisions
so this one came in at 3.3%,
above expectations of 2%, the previous was
And yeah, we had those Tesla earnings yesterday
we had a couple earnings this morning
including Comcast and a few others.
of mine that I shouldn't know.
But we'll see, I could come back and read
some of those as I dig in a little bit further
what was everyone I was looking at.
Black, Snow and Union Pacific,
so there's a few names people care about.
For the people who use Webull,
they announced a partnership with the Wall Street Journal
to get some of their news.
Palantir also announced an expansion of a partnership
they have. A lot of Tesla downgrades coming in
and price target decreases off of
that earnings yesterday, so
definitely something to keep an eye on.
Oh, quickly, I love Blackstone.
Their earnings were a beat on EPS
Service Now is another big one
that I know FinTwit cares about.
Blackstone also declared a 94 cent dividend.
I do not see Service Now's numbers up here.
We will see how stuff kind of
unveils and I'll talk more
But yeah, not too much from
my perspective. There was a couple stories
here and there. The European Central Bank
they did not raise interest rates today
but they didn't also lower them.
commentary off of that one.
The Q4 GDP advance reading
was another thing that was pretty interesting.
It's probably moving the markets a bunch here
at that level. Tesla around
190 off of their earnings
and yeah, that's a lot of the
news that I was seeing this morning.
Like I said, a couple other stories but nothing too big.
Yeah, Tesla down to that 190 level.
got some interesting stuff that I'm watching too.
I'll go over it in a little bit here but Zeus,
what are you watching today? Good morning, good morning.
I'm actually watching Crudo.
I am interested in Crudo to the upside.
very likely Crudo will run.
I do want to see a pullback to about
back up to all-time highs.
That's pretty much the game plan for today.
Got it, thanks Zeus. Yellowbird?
today I'm going to be watching
playing with the micros today.
Kim, good morning. What's
going on about you? Good morning.
Yeah, I was just listening to
that I thought was notable is
she did not think that the
container ships are needing to go around
to get their products to Europe, she did not
think that that was going to add to inflation.
So that seemed significant
were talking about that being the
next possible inflationary
So watching that and definitely
it won't happen during the hour that we're on here
see what happens with the
bond auction because that's what
sent the market down yesterday, though I don't know that
the seven year is as important.
probably won't have a bunch of
until after that's completed.
Sounds good. Thank you, Kim.
on stage. What are you watching?
Well, the main thing is, of course,
next week, I believe it's FOMC.
Definitely want to see if they run
it up, especially if they're going to do rate cuts.
upside moves were hit for me yesterday.
So that's when I kind of go lighter.
Definitely watch yesterday's lows
kind of last week's highs.
Definitely pretty simple target set
just load up a little bit more to go
longer. Semis are looking strong.
I'm still continuing to watch
Apple to see if it continues
to all-time high. They do have
I'm kind of watching by the rumors
Appreciate you being up here.
Frank on stage. What's going on, Frank?
What are you watching today?
I'm looking at IBM up 7%.
move for some of these other stocks.
Exactly. That's incredible.
It's not the greatest trading stock
I've been watching that 10-year
Yesterday it came in a couple times
We just made new highs in NQ.
You can't fight it, that's for sure.
There were some good talks about the
I know there was something you were interested in
or maybe start testing out or doing the research
based on that conversation.
I'm going to do some research. It was pretty funny.
I'm going to give it a shot
in the next month. I'm in the middle of
as a little bit of a challenge.
Paul and Kim, I was looking at this.
is there, I think we talked about this before,
is there cannabis futures?
Not that I know of. You mean Frank?
Oh, Paul is elite. I'm sorry.
I was thinking the other Paul.
I don't know if there are cannabis
when they were playing around with
in the smalls but I think those have
gone away. So I'm not sure
if they've brought back any cannabis
Got it, yeah. Just an area
where I'm watching. I think it's really breaking out this year.
So I'm going to continue to keep my eyes on it.
Okay. We've got just a few
more minutes here until the open.
Things that will be coming up.
Paul, another question for you.
We're coming into the thick of earnings season.
How does that typically affect
to announce their earnings and stuff
of the market cap that they're holding
it can really move the market
are you able to take advantage
of that with your account?
Some of these accounts, say for instance
our Diamond Hands account where you can hold
hold overnight, you can hold over in the
weekend, you could probably take
advantage of some of these
happening, say after hours
and stuff. So I think it's good
to look at what you're trading
if it's ES or NQ, especially
going to announce it, see
how that's going to position
if it's going to be an after date. Like when you
everybody's sitting there drooling over
Netflix. You're watching things move
they're announcing these big
signings and stuff. They're spending a
Is it going down, sitting there ready
to take off? Is it going to base?
Well, you may have got into that and taken
full advantage. So I think it's
important to see who's announcing
Can I add to that really quick?
when their earnings came out
and the stock got crushed,
that or Facebook, I was short
NQ, luckily I wasn't long.
in less than a minute. I mean it dropped
just remember like, oh my
gosh, I'm making such great
money, thank God I wasn't long.
Because it would have been the opposite,
right? And I was doing it
as a hedge, honestly. So I just
happened to be fortunate. But yeah,
it was so fast. It was like
a good lesson and fortunately
I was directionally right.
point, Kim. You know, it's
for this move. Because sometimes, you
know, yeah, it could be a
50-50. You hope you're guessing,
Perfect. I see we've got Alex
on stage. What's going on, Alex? What are you watching this morning?
What's up, guys? How's it going?
Got long after that data came out
pretty much keeping my stop.
mainly, although I'm going to use
under the low of this hourly candle.
you know, scale as we approach there.
And then on the Qs targeting
7.84-50. That's the supply
zone I have on the hourly. So
just seeing what's happening here, you know.
It's a pretty good, the data was
nice. I know I missed the beginning of what everyone was
talking about, so I don't want to repeat
I was a little surprised by Tesla. I mean, I know
the chart has been weak, but
man, I didn't think they'd continue to dump. So I'm
180, it's going to be 150
pretty quick, I think, so.
But everything else looks
good, man. See if Apple can
Google, I'm still in. That's a good
position. We were talking about that
a couple weeks ago, I think, even.
But how's it going, everybody?
hold that without dipping too far,
Anyways, we may come back down.
If we dip down, I'm looking at
good. Yeah, so I just stopped out of
it was a nice trade going up, scaled out
anyways. I mean, the data was pretty
positive, and then we had that initial little jump
and we just climbed the rest of the way, so
Frank, you got to watch any
right there, so let's see.
gold I think could be interesting here,
the Russell, to push back up
I don't know if we'll get it or not, but
that breaks 220, I'll probably
go long on that and target
I don't remember, Wolf, whether
it was you or Evan that was asking me
week, I remember, and I was like
they tend to have these big runs
and then they go back down to 80.
Basically, I was listening to Bloomberg
this morning and things are
very unfavorable for them
you guys feeling short here?
I don't really like to trade
leaning more towards right at the open
just sitting on my hands for now.
WM, though, some RTY, looks like
a real strong trend so far,
so that might be where I might
How's that on the top here?
Yeah, the roughs have definitely
had some nice performance.
What about oil? Anybody looking
I got a level up at 7760.
Yeah, I've been keeping my eye on
A lot of people tried to catch that
Everyone got stopped out trying to tick
the bottom. Now nobody's kind of looking at it
or thinking about it anymore because
everyone's been brought to the barn
stopped out. That's usually
the time when I start to think, well, maybe
it's going to be the time
that oil starts to see something.
I haven't done anything yet, but
no one's talking about it anymore
because everyone was trying
to catch that oil trade, but no
one is anymore because they all got
screwed, so that's usually
Actually, 65 is the level.
It's definitely extended a bit here.
Yeah, if RTY can break that
Man, it just stayed in that
I should have gotten back in that
closed back inside of that the last
hour, so we were holding that, and obviously
If the queues could push up, maybe
we'll get that move up to
I wonder if people are hesitant with the oil as well,
just because of the way the markets are ripping.
By the way, Taiwan Semiconductor now has a larger
Well, I guess it's not wild.
You know, SMH, I've been in shares of that
And that thing just continues
to perform. I don't even...
I got a pretty wide stop on it, but man,
what was it, 3% that you would see
a larger bounce here, maybe?
I have daily supply at 77.15,
level though, so there are some in between, but...
Alright, so I am watching SPX
to see if we get a pullback back down to
Not sure if it's going to happen, but
I'll probably correlate it with a yes.
Tell you what, if Google breaks over 151,
that'll be a big level to break.
something like that on Google.
And then there is an earnings
But weekly supplies right here,
we're approaching the top of that.
150.97 is the resistance.
We can close a week over 151
keep pointing me to be more bullish
longer term, like I expect
we keep seeing these key levels
especially on weekly closes.
What's up, Sam? What are you watching?
the calls a little bit ago,
The SPX for a little pullback
back down to 48.85-ish area.
I want to see if bids hold there
and I'll take it for calls.
Kind of low volume this morning.
next 20 minutes right here.
We got new home sales data
might be something that I just kind of
wait for, but just kind of being cognizant of that.
Apple is ripping earlier,
had a little pullback right there at
a little bit of supply at 195.7,
level 2 for another break, but
as of right now, haven't taken anything
Sounds good, sounds good.
what do you think in here with some of these
other areas like oil and gold and other pieces?
when we broke that trend line
to the upside. I took a long
and I've got two contracts that I'm still
follow this on the way up
but possibly holding this
just looking at it from a price action standpoint
went long on the micro of it
level is what I'm targeting
Yeah, I like playing those micros in gold and silver.
I'm sure it's a men cue at all five.
I just been like working into it, but I got a tight stop.
I'm going to get stopped out probably.
I'm not convinced, but like I can definitely
I mean, after yesterday, after that failure.
And they went up a light overnight.
I mean, they broke out this morning pretty much
on going through 6.50, 17.650 through that little flag
they're making all night, that 40 area, 50 area.
So I just don't see them running again today, but we'll see.
I'd like to see SPX pull back to 48.80
and try some longs there.
And Mike, that should give us a decent pullback on the S
and accused, or should correlate with it.
You know, I struggled a little yesterday,
but got myself in the morning.
I got myself a little handcuff trying to short that.
I was an anxious short, and I sold it once up around,
I started shorting, and I got stopped out.
And then I got stopped out near the highs again.
And then I finally got on board later in the day
It was kind of out of chart wise.
I feel like the structure wasn't there,
and then it just popped, so.
Yeah, right now, just continuing to keep my eyes on ESNQ
and Q going a little bit lower here.
So that short working out so far.
Also, if anybody wants to try futures trading alongside us,
the main benefits are you do not
have to deal with theta decay.
That's what a lot of people keep their eye on.
By the way, feel free to interrupt me
if anybody's taking anything off.
If you're an options trader in the audience,
you've probably dealt with theta decay,
especially recently with the increase in zero DDEs.
You seriously see it in those, especially
even if you're taking a weekly.
You'll often see the big pullbacks.
And then in addition with that, IV spikes.
I mean, look at the IV on some of these names.
I saw the highest percent I'd seen recently on DEWAC or FUN
where they had 1,000% IV.
That's going to kill those contracts
to get the slightest move down.
So just a couple of things that you
can avoid with the world of futures.
But trust me, as you see from us up here,
there's still plenty of volatility in this market.
So I think we've seen more and more people taking a stab
I saw Jordan was trading some futures.
You're getting your down move as well right here.
So a couple of things I encourage people to check out.
And if you are looking for the best way to start it out,
you heard Frank talking about the profit
from everything that is the way to go, in my opinion.
We do have a link in the top of the space.
If you want to take a look, they've
got a bunch of simulators that you can check out.
The way it works is you instead of throwing 10 grand
into account and going at it, you spend $40, $50, $60
You put your skills to the test.
And if you perform well, they provide you
with a fully funded account.
And then you can take regular withdrawals of those profits.
Keep 80%, 90% plus of the profits.
It's a much simpler system than going at it
And I think that we've seen a big onslaught of people
really using a lot more of them.
So I do encourage you all to check it out.
If you can't find it, just DM me the word simulator.
And I'm always happy to help and get that over to you.
And they do build in a nice little discount
on them for our audience.
But to the shorts, you guys seem
to be having it here on NQ so far.
Yeah, I covered half my short right here at 76.
Doesn't take that much of a move.
I'll try to let this run.
But you know what, I'm not going to do that.
I'm going to keep a tight stop on it.
I'm liking downside here, I will say.
Deathly's looking more appealing to me.
Breath is all positive so far.
I just covered the balance.
You know what, when you're on short cover,
especially if you're right, it's just too whippy for me
And it looks like this is a typical setup.
Opens, holds, higher low, rips.
We just had a little bit of a lower low, but I just...
I just added into 4890 calls a small size here
because I do think we could dip a little lower,
They're already, they're fluctuating up and down though.
I really think, I don't know,
I can see us get to 4880 on that.
So that'll correlate to what, like 4910 on ES,
So we could go a little lower.
I don't know, you could do anything really.
Five minute doesn't look too good,
but you look at like the hourly,
I mean, I don't think Tesla really affects the market,
but I am looking to eventually go starter in Tesla.
It's down, you see this down 20 bucks at 188.
Yeah, so I, yeah, I got, I am long Tesla.
I sold some, I sold some puts yesterday.
That didn't work out too good.
Well, I don't really care.
I'll buy it all the way down to 150 if I have to,
but I think this 180 is kind of the next main level.
So I have daily demand at 186.54 to 184.47.
We wicked right off of that this morning.
So let's see if we hold it here.
The second deviation down of the weekly expected move
The first deviation was 196.74,
which we held obviously, you know,
we held there for a little bit yesterday,
but earnings, earnings shook us, so.
I was listening to Dan Niles this morning
and he's a big Tesla bull and he was like,
I hate to say this, but the bears are in control.
He said, I'm still a Tesla bull, but medium term,
the way Elon managed the conference call, saying that.
Profits don't matter, whatever you say.
I don't know what the fuck he's doing.
Well, he's not trading it short term, you know?
He's trying to run a business.
So I mean, whatever that is.
But if you look at the weekly chart, I mean,
I mean, I can see it down to 160 easily.
You know, 165, 65 is the next demand I have.
Not that I want to see it there, but.
I think that's the area that it broke out of too,
like that 164 area where it just went up from there.
Yes, that's exactly that.
Last little dip is where the demand's sitting.
So it's, I mean, there's 180.
You know, we're just say 180 to 181.
But you get below that, especially if like next week,
you know, takes another hit on it.
I might be selling more puts
and allocating more of the portfolio.
Because I do think it'll rebound, right?
Like I like buying it down here,
a little bit longer term trade, but.
I think he needs someone else
to give his conference calls.
He tries to be so too philosophical and people don't,
you know, the business community isn't relating to that.
Hey, I'm starting to take profits on these 48, 90s guys.
Sorry, not to cut you off, Kim.
We just got to pop almost up to it.
Well, he made some comments obviously about like AI
taking it to a different company.
That was not bullish in my opinion.
So like, there's something going on that we don't know.
I think you have to read into that.
So what's going on there, I think is,
you know, he wants more ownership of Tesla
in order to wrap all his new companies into it
as he goes forward, because he's got a thousand ideas.
And, you know, if he creates 10 new companies,
at least one of them will score big.
So I think he's probably negotiating with his board
about more ownership in Tesla in order to do that.
Otherwise, he's going to start other LLCs and do it outside.
I mean, and that's what no one wants to talk about
on a call, but that's what I think is going on.
And I think it's smart from his perspective.
I mean, he's got so much cash.
He's got, you know, he's got the ideas.
He knows how to put teams together.
I don't, you know, I mean,
not that I think you should abandon Tesla or anything,
Let's be honest, did they announce today,
which they should, that he is,
that they're giving him options for another,
let's say, 7% of the company
over a long, long, long-term period of time?
Stock would go up 50 points.
Yeah, I was listening and they said that
before he bought Twitter, he owned 22% of the company.
And now that's essentially what he wants back.
And he wants to, you know,
he wants to do something with Twitter too.
He wants to roll that into something.
So probably not Tesla, but at some point,
he's got to get some money off the table in Twitter, in X.
But, you know, he's, you know, the guy's an intense guy.
And I think that he is, you know,
boards are fighting back these days
and he's not the type of guy you should fight back
because he is the company.
He's like, he's Warren Buffett, right?
Even bigger, because he's Warren Buffett's investor.
And, you know, he's honest about the earnings
they're going to look like.
So right here, you were right probably to take it off
on some of that with the action.
Still feels like you were going lower.
Yeah, I hate it on my entry when it popped up to 7.0, 7.0.2.
I know NQ's looking weaker for sure, but.
See, if it comes down to 650, I am going to get long there
or I'll start in at 652 down to 645.
Meanwhile, SPX is still just holding.
I'm out of most of that position though,
I mean, looking at the Q's,
I feel like it could drag us down.
Kim, what positions are you in?
Because it had been bouncing every time
it is getting down into that 22, the futures 22.5 area.
It bounces straight off of there.
So last time it was down there and I didn't take it
and I was like hesitating.
And then it was up where it could have been a thousand
dollars and it just, every time it bounces,
it jumps right over 23 again.
So that's where I've been taking it at.
So this time I didn't hesitate and I got in.
And I just think the metals have room to run.
If interest rates, you know, they definitely correlate
with interest rates, right?
If the interest rates are going up,
the metals tend to pull back.
If interest rates are going down, they tend to go up.
So, but it's been holding that area really well.
About 22.5 or six on silver.
Speaking of interest rates, does anybody trade
interest rate futures, you know, like the 10 year,
the five year, any of the big ones?
I don't, but I looked into it because I do track
or I chart the 10 year and the two year.
It'd be nice, nice to swing it.
Some of the bigger levels I feel like follow pretty well.
I don't know what's the...
Gone long the two year before,
but the micros, not the big contracts.
How are the contracts for those?
I mean, they're tradable for sure.
Yeah, I think Nasdaq, thank you.
Like I see a six, seven, six, 17, 650 area, 55, 50 half gap.
We'll see if it holds there.
Yeah, it looks like it's headed there.
I'm getting long down there for sure.
If we can actually get down here and touch it,
Cause look, yeah, we're trying to get there.
I want it a little bit lower, but I missed that short.
Come on, just get a little fucking lower.
I mean, like the way ES is holding,
it makes me a little more confident
that we might see a bounce here in tech,
but it doesn't always have to work that way.
I mean, Apple holding above 194.50 is big.
Amazon's holding the zone 155 to 157.
Sorry, I'm just looking for downside.
Are there any big earnings after hours today?
I mean, I'm sure there are.
I just don't know which ones they are.
And Intel, Intel's a bigger company than Visa.
Intel's placed the size of Visa.
Why is it says, it says Visa 8.54.
I'm just looking on Savvy.
Visa is a $550 billion company.
Intel is a $200, roughly, billion-dollar company.
We also have T-Mobile, KLAC, which is a...
That's kind of funny that Intel does twice the revenue.
Yeah, I'm gonna let this hourly close happen,
and then I'll probably get long in a queue here.
Yeah, we also have home sales coming out.
New home sales coming out at 10.
So I'm kind of just waiting for that
before I enter into anything.
When you mentioned that before,
I just realized I'm like,
we're about a minute and a half or less.
Or less than about a minute now, so.
Yeah, Intel brings in $14 billion of revenue.
Visa brings in $4.7 billion of net income a quarter,
while Intel brings in $297 million.
I would like to see ES close, the hour above 49.15.
It's blurting weather right now.
Yeah, it's blurting weather right now.
Yeah, it's blurting weather right now.
Yeah, it's blurting weather right now.
It's blurting weather right now.
And you know, with data coming out,
you gotta really play it cautiously anyways,
you know, not sizing up on anything here.
Paul, I saw you guys are still offering 50% off right now.
Is that like the whole month?
That's right, that is the whole month.
You know, you guys can come on over
to EliteTraderFunding.com,
check out, you get there, be the web,
check out any of our socials,
you know, until the end of this month.
So, another, what, six days.
If you use the code ETF24,
you get 50% off of unlimited amount
of non-fast track evaluations.
So, you get that 50% off.
It's valid until you pass or get funded
or cancel the evaluation.
It will provide you one entry
to a giveaway that we're having
we will be announcing the winners of that giveaway
where we've got, what, you know,
24 Elite accounts we're giving away
over a million dollars worth of accounts.
So, not only are you getting a great deal
signing up for an evaluation,
but you're also getting an entry into that giveaway.
And if on one of those evaluations
that you purchase, you pass that,
you get your Elite account,
So, you get your first month free
and you also get another coupon
for 70% off the first month
of another evaluation, non-fast track evaluation.
And that coupon is good for 30 days.
So, there's a lot of things
that we got going on this month
I encourage you to come on over to our website,
read the details, check out our Discord.
Our mods are happy to help you
on any questions you have.
And please, come on over to our website,
check out the valuations we have.
I'm sure we've got something
that will be right up your alley.
I just got a long NQ and yes,
but yeah, I just sent that code actually to a buddy.
So, ETF24, is that what you said?
Excellent, Dave's been asking about it.
So, I just did it while you were talking about it.
Oh yeah, no, for sure, man.
We'll still got other things coming this month
or well, maybe we'll wait
till the beginning of next month then.
But yeah, no, this is good stuff, man.
You guys are a great company.
Never, always had fast responses,
great customer service, so.
That's the name of the game, I feel like,
for a lot of people, especially getting into this new,
there's a lot of questions, a lot of confusion,
So, it's nice to have upfront, honest customer service.
Yeah, I think that is one of the things
that we pride ourselves on this first year,
going into our second year,
we got our second year anniversary coming up here soon,
is that customer service.
We can sit there and talk about the prices
of the evaluations, how we're working the payouts,
the days and things like that.
We continually to try and work with our customers
to find that middle ground
while not trying to be in a race to the bottom.
But one of the things that we do bring to the table
is our customer service, responding fast,
knowing that we're a technology firm
and this is technology that we're playing with
and that we're really working through things
and we understand that sometimes things are out
and we will really be that middle person
to sit there and say, yeah, no,
let's work together and figure this out.
And we have had some great response to that.
And so, again, I thank you for bringing that up
because we do really shine
in the customer service area, I believe.
Yeah, it's gonna say I added it at 651.
Yeah, guys, playing dangerous games.
I could, I'd just pile on to that customer service
with ETFs being the greatest.
We're all watching the same chart.
Yeah, I've dealt with some other prop firms
and their customer service definitely does not compare
with the customer service that ETF provides,
No, it's legit and it's always fun trading on Thursdays,
but we don't always talk about it,
but definitely a good company, so.
To me, that's where it's at
and anybody that asks me for advice like where to go
and I'm not like a big fun trader or anything,
it's just, you know, but I've dealt with a couple
and nobody, you guys are definitely the best, so.
That's it, that's all, that's all that matters.
Look, we're getting this pop up,
so that was a nice wick down.
I'm gonna take some off here
if we can approach 85, 685 on NQ,
but I like ES here as well,
if we can break like 4920, that'd be great, but.
I don't like how, I don't know,
the SPX chart isn't as exciting as the others, though.
And that retest right down to 650, though.
I mean, it was just two at T.
I should have waited right to the bottom.
I mean, I still have a decent average,
but it was just, you could see it coming
and right down to it, right?
It was like 40, like 650 or something.
So Alex, I waited, I saw it bounce off 50
and then I just hit buy, I just bought like market
and I bought him at like 56, 57 area.
Yeah, yeah, that's why I like setting the orders.
I mean, obviously you can get stuck, you know,
if you're wrong too, but obviously, you know,
but at the same time, I do think,
I mean, we're seeing kind of the shake out for the morning,
so it's still up in the air,
but I do think we could see, you know,
now that we got that dip as long as we hold here,
I think we'll see a push back up, but.
I like ES, the hourly close on ES.
I mean, it would have been nice if it was over 4917,
but the fact that it held over 4915,
you always expect a bit of a move
in the opposite direction, right?
Before we get that foul through,
when you're looking at hourly candles.
I'm stalking this potentially short,
haven't done anything yet.
I don't know, we're pushing up, baby, let's go.
The scale on the left here.
Are we going down or are we going up?
Well, I just scaled it 85.
Yeah, that was the first target there.
And you can see it on the five minute,
if you look at the five minute chart on NQ, right?
You're looking, you see all the bearish candles,
you got one bullish candle, right?
Sitting there right up around 690 or whatever,
you know, it's the 945 candles.
So that's going to act as a liquidity pocket
And you can see we're kind of wicking
towards the body of that candle.
And it's the only one standing out there.
So like, that's the first liquidity pocket.
And then if we can get over that,
you know, then we can make a move possibly up higher,
but, you know, 710 all the way up to 720,
but that's how I like to target it.
If I'm just, you know, taking quick trades.
So you might have to skip.
But I don't know, the right start or an add-in to that.
That is a stock, but rather, I think I've met with stocks,
the main purpose for this order field.
They considered for intervening along the curve.
Let's see if that wants to make a move.
For clarity, hopefully, next Wednesday when we hear
from the manager on Palahansa.
Yeah, I'm scaling here at 30 points.
Next is a 40 point take profit.
If Tesla hits down 10%, which it is right there.
I mean, we're down 9.8, 30%.
This would be the fourth earnings call in a row.
I believe that Tesla has a 10% down day the following day.
I sold a little bit at 90, 75.
Well, shout out to the longs there.
Watching a yes here, if we can get a break over
Yeah, I'm about half out right now.
60% of the position, but I'm watching.
So I'm watching for a five minute close
over the body of that candle.
We were just talking about from 9.45.
which we're holding over right now.
It looks like we're gonna get that five minute close.
So that tells me that we should,
even if we get a dip back down to like 6.90,
we should see a move up towards 7.
And the main target on the hourly is up at 7.50.
Doesn't have to go there right now,
but that's what I'm seeing.
Yeah, I was kind of wondering if ES was gonna tag,
It's really looking like 4,925s.
CGO in, CG oncology, shares priced at $19.
That's open for quotation also.
So keep in mind, you guys on SPX,
the expected move up to the upside is 48.97.
Got above that yesterday.
Came back down to watch that level.
That should put us up around that 49.28 level.
Well, we'll see what happens.
This is pretty, I don't wanna say sloppy,
but it's just not fast, that's for sure.
As soon as I get like, I don't think,
I use, especially this early in the day.
That was a good start to the day.
I'm watching that 692.50, right?
That, if we retest that, it can hold this.
Obviously we just smashed through underneath,
but that is, you expect to kind of see that retested.
The question is whether or not we're gonna be able to hold here
or is it just gonna drop back down to like 660 again?
But I like where it closes on the five minutes.
And that's the call moving under this.
You know, my trades usually don't start until like,
you know, after 10 o'clock,
unless I see it clearly early
or if I've been up really early watching.
Yeah, 30 natural gas storage.
Yeah, I got my last tick profit there, 50 points.
And I've got one contract remaining as a runner right now
But other than that, I went out at 50 points.
there's nothing wrong with taking profits at 50 points.
I mean, it's, you can't make money, you know,
I mean, 50 points, that's all you need in a day.
You only need really 27 points.
You can still make it, it's D1 right there.
I worked fully into the short now.
So my average is 9825 or 69825.
Yeah, I mean, I'm still long here.
I got 40% of the position left.
I want to see a close, a five minute close over 692.50
for continuation to the upside.
Got about a minute left on this five minute candle.
Sam, what are you seeing?
Did you get along at 4885?
I know she talked about it.
Yeah, I just, like right when I was gonna come on
and say it, it popped to 10%.
So I didn't want anyone to chase it.
So I didn't talk about it, but it was pretty decent.
I mean, I was waiting really for that 4880,
but then I saw those bids holding pretty nice.
So I took a little advantage of that upside move
Right now I'm looking for a little pullback to 4890
on SPX in particular, and then I'll go along features
and SPX at the same time for something like that.
But I mean, the volume is pretty relatively low today.
I was waiting for that data release,
which really did absolutely jack shit for us.
So I expected like something.
I mean, I just didn't expect it to stall,
but yeah, I'm gonna see right here
if this 4890 holds on SPX.
I like to go along right there.
I think we get roomed directly up to that 4900 zone.
4905 really is my price target for right now.
Unless this gamma flips, then I'm fucked, right?
So I'll go ahead and look for shorts then
But as of right now, I like the fact
that we're holding up pretty well.
Apple looks pretty decent as well.
We're not getting that aggressive downside move
that we got earlier today.
So looks pretty decent across the board right now.
I was watching Nvidia earlier, pretty much it chopped up,
hit my breakeven stop, so I got out of my runners.
But we popped right back up over the 620 level,
and now we're holding with our previous little bounce.
So I'll look for another bounce at 622,
so we can pull back there.
Other than that, I'm just kind of chilling.
Made a good chunk of money this morning,
so I'm just kind of relaxing and just observing right now.
I think we'll, I don't know,
definitely guess we approach 4900 SPX.
I'm gonna be probably just sitting and watching as we go,
because it's just so light here,
and I know that that's a pretty key level.
I'm sure the gamma spread pushes us up there,
but yeah, it doesn't look bad.
I'm looking for 720 or 719 as the next fill.
I don't know if I'm gonna get it or not,
but I'm on the NQ trade here.
If you look at the five-minute candles Ray Legos talking about,
actually I put the chart from a few minutes ago
down in the comment section of the space here.
You can see how once we got that five-minute close
above that 945 candle, we had that wick down to retest
kind of that area of liquidity,
and then we got the pop and closed back above.
That just tells me that we're continuing
to see signals to the upside.
I mean, it's five-minute signals,
so they can get chopped around,
but they're nice to follow if you're in a continuing trade.
But I don't know, we'll see.
I always like to watch the VIX futures.
I mean, it's a lot of fun.
I like to watch the VIX futures,
which that's, well, the one I look at is BXM.
And it's not always like a tell for sure,
but it's been, it was up yesterday,
and the whole morning when the market was way running,
I think SPX was at 36 points or something,
the VIX futures were not moving down.
They were kind of flat and slightly moving up,
which I thought, that's interesting,
and the market felt really heavy.
Today, it's sort of similar.
They're just really, it's down a little bit,
but it's pretty flat, so I don't know.
It feels like it's waiting for something, you know?
Yeah, and you're seeing the dollar hold
with some strength to the Dixie.
I mean, it hasn't broken out again, but it's...
It's pushing the highs on the intraday.
Yeah, yeah, no, for sure.
I mean, you got the two-year drop
and the 10-years just sitting.
My level on the 10-year is the 4.2.
I really want to see that hold,
especially as we go into the end of the month.
Shares up about 26% on MIMO.
If we can get a move back to 693 on NQ,
I'm going to add it back into this position.
I'm still in the 40% of it,
but that's not going to do it, never mind.
Thought it was for a minute.
Doing those things to stay a slow crawl today.
I'll throw the hourly chart from earlier
in the comment section, too,
if anybody's interested in looking at it.
Obviously, it was from earlier this morning,
but it gives you the supply that I'm targeting above.
Man, I should have held more of that fucking SPX position.
I have to talk about you guys.
Neil, on the bottom, they're there.
Well, I think there's one or two other guys here
that actually waited for 651.
I actually waited for it to start sway back up
You said you end up covering it specifically.
It looks like they're invalidating me here.
How's Florida treating you, Wolf?
I've just been in a hotel room working.
Yeah, I mean, it's warming back up, too, now.
It's beautiful up here, like up near West Palm.
Yeah, it stays slightly warmer further south.
You go for the most part.
It's still warm down here, don't get me wrong,
but I'll tell you what, it was not warm.
I mean, the heat on a couple days there earlier this week.
I mean, I'm not even that far north.
You know, I'm not that much further north of you, but...
They got heat on in the houses down here in Florida?
Listen, it was like 60...
They didn't know they built that in.
Well, no, it's part of the AC unit.
It's like an electric toaster oven that basically heats up
and they blow air over, but I'll tell you what,
it kept the house at a nice 73, 74 instead of 64.
All right, so we got the 720, so...
Yeah, I got out of there.
49, 25 coming in on the ES.
I'm down to 10%, so on NQ.
Trying to follow my plan.
Evan, Dave Portnoy's about to have a field day, huh?
They're not save, but Business Insider just laid off 8% of their staff.
Yeah, I'm looking forward to that week from them.
Yeah, I mean, we're still...
So I'm watching, as we approach the end of this hour,
which is obviously still a ways out,
that chart I put down in the comment section,
the levels at the top, I want to see a close inside of that.
So like ES over 49, 28, spot 25.
And NQ, I want an hourly close over 7, 14, basically 7.50.
Now, I mean, we still have a lot of time to touch it,
test it, pull back a little bit, whatever.
But I don't know how long we're running today,
but that's what I'll be looking for as we go into the rest of the day.
I still can't catch a fucking break, man.
Microsoft breaking in new highs.
I don't know if it's going to happen.
Testing that pre-market high here, trying to get over.
The bulls are relentless.
Yeah, this 2527 area in ES, it's going to be interesting
to see how much resistance it puts up.
Yeah, and if people aren't following,
if you look at spy and QQQ, it has the same structure.
You guys could put anybody in the audience.
Even if you're just trading contracts on spy or QQQ,
You should be able to spot the same structure
that we're looking at here on ES and Q, for the most part.
Nothing. Sorry, I was talking, talking to people in the house here.
We're going to do another five on here.
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All right, so Tesla did hit 10% down on the day.
So that is officially four earnings calls in a row
that the five days had a 10% down day.
Yeah, dude, that's a great point.
You know, I don't think you're going to see, like, you know,
a snapback like we did when it, you know, in October.
I think that, you know, you need to watch it for three days,
like today, tomorrow, maybe Monday or Tuesday.
You know, I really think you have to wait for, like, a higher low.
Yeah, something to come out, you know, policy wise or.
You know, yeah, from a technical point of view,
like I got really negative at 241.
I actually had some friends that watch it closely and trade it.
And I'm like, I don't like the way the chart looks.
I didn't, I didn't short it myself, but,
and I didn't buy puts on it, but they did.
And now they're like all ganging up.
And I said, you know, one guy can buy it whenever he wants,
because he just keeps buying and narrowing down.
It doesn't matter to him.
But the other guys are like, you know, just wait to see.
I said, I'll let you know when I see a higher low,
something more constructive happen, you know,
because you look at the points.
It's not about the points.
It's about buying the right time, right?
And your time, it's got to be right.
And it's the same thing with futures, like futures.
You got to be, you know, I'm looking at that screen probably,
you know, 70% of the time I'm looking at this screen.
And then if I'm in a position that I'm comfortable with,
you know, I'm scaling, watching, you know,
there's a lot of watching that goes on in futures.
If you're successful, if you're,
if you're banging them around like yesterday,
I was banging them around all day because I was down,
I was down a couple of grand and it was like, you know,
I was banging them around all day to get, to get green.
And I got green, I stopped because I'm like,
I'm just banging, you know, extensions.
So, you know, you can play that way,
but eventually I think you're going to get run over if you don't
have a feeling for direction.
Yeah, I mean, I agree with Tesla.
I mean, it's, it's, you know,
I look at the chart had weekly demand.
Like if you look at the weekly, you can see the, you know,
the candle from 10 23, you know, October 23rd, you know,
I mean, we came right down to it.
Wick closed above last week this week, you know,
right before earnings, we were,
we were just testing and holding.
We were holding the earlier to begin the week
and then we dipped down to the expected move.
And it's like, we could have bounced, but anyways,
it just didn't, it didn't happen.
Obviously this is a flip.
We'll see what it does at 180.
Look at GWAC down another 6%.
Did you see this tweet from Bill Ackman?
He actually tweeted about that layoff a little earlier today.
Yeah, I didn't know what came out really interesting,
but I read it for a second.
This is one of the wildest tweets that I've seen.
It's a Bill Ackman tweet,
but just for anyone who hasn't seen his tweet,
Bill Ackman obviously hates Business Insider.
They run smear campaigns.
This was the tweet this morning.
He said, Business Insider is a sleazy,
unethical defamer of some of our greatest heroes.
It is a worthless POS rag run by the lowest of the low in journalism.
It is a stain on humanity.
That's just the first paragraph.
He said, it's refreshing, man, you know?
I love seeing it, honestly.
It's like when he was crying on CNBC when he...
Yes, don't ever forget when he was trying,
saying the world was going to end while he was long as fuck everything.
He said he commented underneath that he's suing Business Insider
and that he is going to share with the world
their disgusting and illegal conduct.
Hey, so you guys, if you look at SPX, right,
we went right up to pretty much to that $48.97 level.
And we are seeing that pullback here.
I didn't grab puts, but just watch that level.
You know, you could just watch that, although the expected move is $48.
Keep an eye on that, Vic.
Listen, I've said this a few times.
Any time we get down near this $13 level,
buying some calls on Vic's has paid out.
I mean, it paid out three times, I think, in the last month or two.
Or maybe even less than that.
I posted about it here and there.
I mean, even if you don't want to buy calls,
if you want to trade it some other way,
it's just the fact that we do get pops off of this level.
Basically, $12 to $13 is a very key level on the weekly and monthly charts.
The futures are nice to trade.
The XM is the micro, and it's $100 for every point.
So if you get a two-point move on that, I mean...
And it's cheap, too, right?
Well, even if you trade the mini, I mean, it's a couple grand.
Yeah, that'd be $1,000 for every point move.
Which is also a great point.
For all the listeners in the audience,
we got a great board of speakers here,
and I really appreciate them coming out
and sharing their views of the market.
I would encourage you all to follow them.
They've got some great eyes and great comments on the market.
If you're not taking advantage of the things that they're sharing,
you're really missing out.
I'm going to wrap up here in a couple minutes.
If anybody else has any comments, feel free to get them in.
I'll leave you open for another minute or two.
I feel like it's been a successful morning,
considering how slow it's been.
You guys nailed the turnaround.
Yeah, we just had a, you know,
we just rejected off R1 and then Q.
The charts didn't get me short,
but that would have been a nice short.
We're going to trade down to the figure here.
Looks like an inside day, guys.
Yeah, keep in mind QQQ, right?
The expected move for the week is 428.57.
So pretty much where we're at.
You know, a lower high from yesterday.
So far, you know, it's a puzzle.
You got to put it together.
And as you get towards 11, it usually comes together.
And you don't get as much chop.
Just, you know, if you're short or long,
QQQQQ, you know, you got to have a 10-15 point stop
And that's why it's key to, you know,
You know, wait for a confirmation,
but then buy on the pullback.
You know, don't be don't be fearful
of getting in the wrong position.
Like just know that, you know,
you're not going to win every one of them.
need to have you need to you need that dip so that your stop is low enough that
you're not just gonna get tagged out because that's what kills people in the
beginning they just you know you get in something tag out and it fucking goes
your way anyways and it's just like you know then especially it's been fun
trading with you guys I'm probably gonna bounce to man I know you said you're
wrapping it up so thanks all really appreciate you coming out this morning
thank you wolf have a good one yeah I'm doing a newsletter right now you should
check it out and just get some thoughts okay you can still close the space