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LIVE TRADING W/ @RocketScooterAI
Recorded: July 11, 2023 Duration: 1:21:22Space Recording
Full Transcription
Good morning, all. Welcome on in. Happy Tuesday. What's going on, Alex? What are you watching today?
What's going on, Gab? Hope you had a good weekend and week. I'm currently just, well, I'm in NQ, long off of, I don't know, my average was, well, anyways, basically 15, 194.
It was a little bit underneath that, but I had two entries on that. So my stop right now is just underneath the 9 EMA on the daily. That's on NQ.
So, you know, it's pretty close to the entry because I want to see, and my target is 15,250. So I got that going on. ES, I am, I didn't get an entry on ES because I was actually driving this morning when I wanted to get into that.
It just didn't happen. But anyways, I'm thinking, you know, I know that there's some liquidity sitting or there's some sellers sitting on book map.
I don't know if anybody uses that, but I was just chatting with a guy in one of my groups that, you know, there's, there are, there's sell sides sitting on ES at 44.60.
So, you know, and you kind of see that in the price action as we approach 40, you know, 44.55, 44.60, but I'm thinking 44.70 we see out of this.
So, I mean, I have other stuff too, but I'll, I'll let other people kind of go around if they're, if they want to touch on, you know, anything futures related.
Yeah, we can kind of hit on both. Ashton, do you have some stuff that you're watching here this morning?
Yeah, I'm actually, excuse me. I put on some swing trades last week and one of which is just exploded in pre-market and that is a CRM self Salesforce.
So I'm probably going to be looking to take some profits off the table there today.
I've not seen the news. I assume there's a new, some news. I've not seen any news in regards to CRM yet.
And then Datadog, Datadog looks primed for a nice explosive move to the upside.
So I'm watching that one. It's already made a nice, a very nice move yesterday.
So I'm looking for that momentum to continue to the upside.
It's got to, it's got to keep the upward momentum going though, because Datadog is the type of stock that, you know, it can fizzle out very, very quickly just from a lack of volume.
And then I'm watching two of the big boys too. I'm watching Google and Microsoft.
So Google is really, really struggling right now. Microsoft, Microsoft looks okay.
It had a somewhat of a nice bounce yesterday, right off monthly hedge pressure at 330.
But Google is really, really struggling on the heels of the QQQ rebalancing.
So I don't anticipate those staying down for very long.
I'm seeing a lot of big talking heads, analysts.
I don't really put much stock into what analysts say, if I'm being honest.
But I've seen a lot of analysts say that from now until the end of the year, big tech is going to shoot up between 10 and 15%.
I think those numbers are very arbitrary. I don't know where they're getting those numbers.
But, you know, sometimes the stock market runs on irrationality rather than logic.
So those are the ones I'm watching today.
Another one I'm always watching these days is Riot.
Riot just hit another new 52-week high yesterday on an explosive day.
And one thing I did like about Riot, two days in a row, it closed at the high of the day.
I don't know where it's at pre-market.
It's down just a little bit pre-market.
But, man, that stock can go parabolic because the short interest is normally pretty high on that stock.
It's got a lower float relative to all the other stocks.
And when it goes, it can go.
So I'm always watching that one.
I just own shares in that one, and I own a ton of shares in it.
It's my way.
I don't own any crypto.
I don't own any Bitcoin, so it's kind of a leveraged way to play Bitcoin.
So that's what I'm doing.
What ticker was that, Ash?
Riot.
Oh, of course.
Okay, thank you.
Yep.
So whenever it's ready, I see the momentum starting to die down a little bit.
I'll throw some covered calls on there and get some nice premium.
And the good thing is that whenever Riot gets going, it can throw off some really, really juicy premium.
So that's my game plan for the day.
And, of course, I'm going to be watching the SPX and the levels in Rocket Scooter and see what the liquidity map gives us and where hedge pressure is.
And then I might consider another vertical spread.
I threw on a put credit spread yesterday, expired worthless, which means I received 100% of max profit.
And yesterday was a pretty good day for that.
Actually, there's been a lot of days lately, throw on some vertical spreads and let Theta Decay do its thing.
So that's my plan for the day.
Thank you for the insights, Ashton.
Definitely watching Riot as well.
And, you know, GBTC and Mara and a couple of those others certainly on watch too.
Let's go over to Adam and see what you have on watch for today.
Hey, good morning, everyone.
Hope you're having a great day.
I am extremely excited for today and this week.
Everything, at least this is all my opinion, everything's feeling very squeezy, I like to say.
So there's a few that I'm already in full transparency.
I'm already in these positions, but there's stuff that I'm watching right now.
Beyond, Hood, and PLTR, like my top three right now.
Basically, my working theory here is that as the QQQs are rebalancing, you're seeing tech sell off, which is obviously going to affect the overall market.
Meanwhile, you're going to see some money flow into these other NASDAQ names.
So these high short interest stocks are going to have a little bit of added upward pressure.
Consequently, that upward pressure could cause some shorts to cover and you could see some of these short squeezes.
And the data from Rocket Scooter, specifically on these three names, supports this theory because they're all recently broke above monthly hedge pressure.
Or, for example, PLTR yesterday touched five cents off of monthly hedge pressure and hedge pressure at around 15 bucks.
So currently, all these three names are looking beautiful to the upside, in my opinion.
And with CPI tomorrow, I'm speculating that you're going to see a lot of short covering today because, at least in my opinion, it'd be a little silly to be short going into this CPI specifically.
And if the CPI comes in cool, I think you're going to see a lot of covering, which is going to push it even higher.
And some of these are going to go parabolic, in my opinion.
So I don't like to overhype things.
I don't like to get people fucking get their jimmies razzled.
But I think there's a lot of really great opportunities today on smaller names with higher short interest.
I've been saying it for like a week now.
These are the names you've got to pay attention to.
If you're someone who traditionally trades SPI or the Qs, of course you can make money.
But I think there's better opportunities in the short term on these names with some higher short interest.
And if you use Rocket Scooter especially, it's going to help give you an idea of where these support and resistances are.
Real quick, just a quick example.
Beyond yesterday, and actually for the last two or three days because I've been watching it, monthly hedge pressure has been 15 on beyond.
And it has been tapping its head above there and kind of just playing around at that level.
If you watch the stock, you can go back and look right now.
And pre-market broke that and it had a really nice squeeze to the upside up to 16.48.
Right now sitting around 15.55.
So I'd be looking for a bounce off 15 at open specifically on beyond to see if it can bounce from there and pop off maybe in the next few days.
So that's what I got my eyes on, really excited for what the day is going to bring today and the opportunity that this week could present if things shake out the way I think they could.
A lot of good use of Rocket Scooter in there.
We'll be looking forward to getting hedge pressure in about eight minutes here.
And we'll give that out to everybody on the space so you'll know where those lines are for SPI and QQ and others today.
But I do see that we got Matt up here.
So, Matt, turning the mic over to you.
We'd love to hear what you're watching today and what's going on in pre-market Bayou.
Well, hello, hello, friends and family.
I'm out here sitting on Carolina Beach enjoying my vacation.
We had a little family reunion.
So I remember last week on the space, we were meeting with Nicole's family.
So it's kind of nice to have a couple weeks of vacation in the summer.
So please ignore the noise.
I think somebody's mowing next door.
So basically, this week, it's great.
Obviously, I think it's CPI week.
We got some pretty good data coming through.
Market's been flat.
And, of course, every morning we wake up and use Rocket Scooter to look at two very important things to understand the segment of the market.
We look at the monthly map, which tells us where volatility and pivots will be in the future.
As of earlier this year, we were seeing a bull market until July.
That was my call.
I literally nailed it.
We called back in October.
We said the bear market was going to be over and it was going to pivot up.
Literally nailed it.
Two weeks back, I made a post that said the recession was over.
Let's see if I nailed that, too.
The reasoning is just because there's a lot of things that you can see in the market and the macroeconomic data is starting to pivot and it's starting to show really good signs.
So what I want to see is that the stock market reflects that.
Clearly, we've already priced in improving economic conditions.
But as we're as as the market keeps pushing higher, the question is, how high can it keep going until the market starts to find a little bit of downside?
I don't try to trade like that.
I wake up every day and use two tools and Rocket Scooter monthly map.
It's going to tell me where those pivots are, like I said, and the D.D. number is going to tell me if the market's still bullish or bearish.
That D.D. number has been nice and bullish every day, but two days this year supporting the bull market we've had.
You very rarely have seen me press that short button, if at all.
I've been just killing it all year, buying dips or sitting out if I don't find anything great.
So hopefully today we're going to wake up.
We're going to see something nice and clean and see the market keep going.
There's one thing that doesn't have me looking super excited about this particular month, like last month was a little bit different.
It's just because the VIX is still a little elevated.
We have some key levels in the VIX we need to drop below.
That's just going to show the market isn't going to be as volatile as it can be.
So we're going to be very sensitive to these news events that come out, especially CPI.
The JOLTS number came in and it actually ticked down.
So obviously it's just one data point.
But you want to see a general trend of JOLTS ticking up for economic improvement.
So with those somewhat not so great data points in the immediate term and immediate volatility,
we're going to be a little extra sensitive to CPI if it doesn't come in really strong and really good.
So other than that, I mean, I'm pretty much just going to take it a day at a time.
Obviously, I'm just trading index futures right now on my 10K challenge to 100K.
So waking up, just looking for something good to get in on.
And if Rocket Scooter tools show me that I've got a nice, clean play, I'm going to take it.
And if not, I'm just going to sit out soon.
I mean, out the door, I'm already looking to buy dips and long.
There's nothing at all telling me to short this market.
And I've been the same mindset since October of last year.
All right.
Looking for more long and strong.
Thank you, Matt.
Oh, can I make one announcement?
Yeah, of course.
So tomorrow or the next day, we'll be launching live futures trading and connection to over 80 different futures brokers.
And within a month, Rocket Scooter will be able to connect to about 40 equities brokers.
There's about everybody out there that you can connect to.
You'll be able to trade all your brokers in one place.
We're having this huge launch event.
So I invite everybody to come check out at least the Discord or send us a message here and we'll reach out to you a little more information.
I'm going to get the market day started.
But we're super excited about this.
These are the bigger things our company is trying to achieve.
A broker agnostic platform where you can trade any broker you have in one place and keep all your tools in your hands without having to lose them if you switch brokers.
So it's a big deal.
Ash and I are real excited about it.
So just keep that in mind and we'll give you some more information towards the end of the podcast.
Perfect.
And I'm getting up right now for everybody that wants to check out Hedge Pressure, the link for Rocket Scooter.
And that's going into the top of the space right now.
So it should be pretty easy to find if you're on mobile.
And if you're on desktop, you can just go to my replies and it'll be my last reply on my profile.
Craig, excited to have you join us today.
Want to give us a couple minutes here on what you're watching before market open?
Yes, sir.
Yes, sir.
So I got Unity as one of my top watches going into today.
I like the first reward spot.
Put in a nice candle yesterday sitting below, let's call it that, let's call it below 41.
What I would like to see is same thing as everybody, some strength to the upside.
I want to see if we can get a nice revisit to that 45 spot.
Similar thing on shop.
We got shopped down to its 50.
Didn't get quite the touch we were looking for.
But if you do see the sort of trend line that I'm kind of looking at, we can get a nice move back up and at least get a good position in before we retest the 20.
Behind that, not to take up too much time, I'm looking at Piton, Plug, and Square.
Square's been a lot of hype lately.
What do you like in there?
So with Square, I liked how buyers were really willing to step in and defend that 64 spot.
We got a nice push over and really convincing movement above the 200 line.
And I like how we got the 90 in May curling to give us the confirmation that we have bulls in control.
So really, I would like to see the continued strength.
It's not necessarily not saying it couldn't go out of the gate, but it's a name that if we get an opportunity to see buyers defend, that's where I'll be looking to step in.
All right.
Perfect.
Thank you, Craig.
Excited to hear some trades from you as we get into the open part.
Paul, do you have anything that you're watching you want to put on our radar?
Good morning.
Good morning.
Thanks for having me.
Thanks for everyone being here, everyone listening.
Yeah, looking at Amazon, Prime Day, right?
That's going to be pretty interesting.
Tesla, as always, although yesterday was sort of choppy.
It's pretty interesting that, you know, SPY is ripping up, you know, overnight a lot stronger than the Qs here.
So my team, we're developing some software.
We're looking at, like, analytics.
And I looked back historically at all of my different days.
Tuesday is by far my worst day.
So knowing that, I'm going to try to be a little conservative on entering in trades today because I know that historically Tuesday is my worst day.
But, yeah, definitely look at Amazon.
Keep that on your radar here with Prime.
I mean, maybe we could get, like, a huge runner, a huge ripper.
And definitely interested to hear what's going on with Rocket Scooter, hedge pressure levels.
Yeah, I just got back from a two-month vacation in Florida at the beach, so I can definitely feel what Matt's feeling right now.
Don't get sunburned, man.
We need you.
We need you.
Don't get sunburned.
So, yep, market's open.
Let's see what we're doing here.
Let's get it.
Mr. Trendsetter, you taking anything here, market open?
Good morning.
Yeah.
Like I mentioned last week, I loved Amara and Riot.
I recommended Riot here last week at 12.5.
I still see continue upside to 18 to 19 area.
I like the shift lately in the stall of NQ through Qs at 369.
And I'm starting to buy some financials, bought some J.P. Morgan and some Citibank.
So, let's see if the CPI data tomorrow is good.
And if that coincides with my plan here, I'll add to those positions.
J.P., am I a high-confidence play for you here?
Yes.
Yeah, I like that one year chart a lot.
Climbing back from that pullback that we had back in March.
Okay, TJ, you got a name or two here you want to put into the mix?
Yeah.
You all are pretty tech-heavy this morning, so I'll throw out some things not in tech.
I got in Home Depot yesterday, saw some really good flow and some 721 calls.
So, I'm in some 320 for next week, up about 40% to 50%.
We had a nice gap up on Home Depot this morning.
I've been looking at the risk-off trade, right?
So, looking at Walmart, looks pretty good.
Names like Honeywell look pretty good.
I've been playing steel manufacturers.
So, CLF and X have had some nice run-ups.
And then in tech, I've been looking at more like mid-caps and smaller-caps.
So, names like – it's really not a tech name, but it's DraftKings, PIN as well.
Betting names have been looking really good.
As we've seen airlines and cruise lines really benefit recently over increased demand in those areas.
It's kind of brought back a little bit of the luxury trade.
So, we're seeing names like DraftKings and PIN do pretty well, too.
So, it's kind of where I've been at.
I haven't really been in Megatech recently.
We saw that was pretty weak yesterday.
I'm expecting that it probably showed some weakness again today.
So, you know, it's important to have really diverse watch lists, non-correlated stocks on your watch list
so you don't always miss the opportunity.
So, just a couple names that I'm looking at.
All right, some steel.
Interesting.
Yeah, Paul?
Yeah, TJ.
Yeah, I'm definitely a huge fan of just in the long term of DraftKings and the cruise lines.
Less so the airlines.
I'm not looking at short trades for those, but long-term holdings, huge fan of DraftKings, huge fan of the cruise lines.
And, yeah, that's a good point that TJ said.
Like, don't keep the blinders on.
Don't just always just look at tech names.
You know, look at some other things that are sort of decoupled from one another that aren't sympathy plays so you don't miss opportunities.
So, that's a really, really good point.
And with those names, are you selling, like Walmart, you said, are you selling those, Walmart, Home Depot, are you selling those options, TJ?
Yeah.
So, no.
So, in Home Depot, I'm actually in calls, buy-side calls, but the only sell-side, I've actually been selling options on Megatech, right?
So, I've been selling the video options, I've been selling options on Apple, a little far out of the money, just grabbing, you know, full premium because people are just so uber bullish.
And, again, I am a bull right now, but I'm not as bullish as everybody else.
So, I've just been collecting premium on the mega-cap set, which are being pretty juicy, and they haven't been this juicy in a while.
And on some of the names that just have been a little bit unappreciated, where their premiums are not as elevated, I've just been on the buy-side.
And that's been, like, that risk-off trade for right now.
Hey, real quick, Tesla plunging here to the downside.
Not sure what's going on, if we have news or something, but just dropped 2.2% off the open.
Not seeing other stuff really going in that same direction besides, I guess, Google?
No, Microsoft.
Yeah, Apple, Google.
Microsoft's coming down to the expected move.
But, yeah, it looks like more of that rebalancing effect going on.
That's the only thing.
I mean, Amazon's not.
So, I don't know.
Yeah, Matt, do you want to cover hedge pressure?
Do you want to have Ashton cover it?
All right, Ashton, do you want to hop in, cover for Spying the Qs, what we're looking at today?
Yep, absolutely.
So, the market is looking very, very clean and very bullish today.
So, the SPY opened up with a bull long up, which essentially is telling us that we are in a bull zone.
And that bull zone goes from, let me see here, 440 all the way up to, well, 446.
So, it's a pretty wide bull zone.
And we are above monthly, I'm sorry, not monthly hedge pressure, hedge pressure for the day, which is at 440.
And this is not the first time that hedge pressure has been at 440 on the SPY.
I think it's done this three times now in the past week or so.
So, clearly, there's a lot of delta neutral hedging going on there from the market makers at 440.
So, as long as we're above that, the market is pretty bullish.
On top of that, our resilience number is pretty high at 16 right now.
Newsday ratio is at 78.
So, if you're not familiar with the terms, all these terms are telling us pretty much today is that the market is very, very bullish.
I mean, we're seeing that on the heels of a gap up this morning.
Could be people jumping back in or repositioning certain positions or offloading shorts prior to the CPI tomorrow.
That's definitely a possibility.
But we never know.
So, I'm actually going to be looking for a long position, probably a put credit spread on the SPX today.
I'm going to wait to see if the SPY will pull back just a little bit more to hedge pressure to see if I can get a better entry.
And then, as for QQQ, let's take a look here.
QQQ is currently breaking above its hedge pressure at 367, also in a bull zone.
But the resilience on the QQQ is negative right now, but it's chopping all over the place,
which is telling me that there's a large stock, maybe it's Apple or Microsoft or Google or Amazon or Tesla,
some kind of big NVIDIA maybe, some kind of stock that is really flirting with its hedge pressure wherever that level is.
And now, resilience is positive.
So, we could see a nice slingshot move to the upside today.
Okay.
Looking bullish off hedge pressure here, like you mentioned.
BLU up.
Currently above hedge pressure at 440 on SPY.
Hey, Wolf.
Hey, Wolf.
I've gotten some SPY calls for tomorrow.
712 expiration.
Some 444 calls at 53 cents.
Definitely liking how the market's shaking out right now.
Definitely looking bullish.
And I like Ashton's confluence.
It fits my worldview.
So, you know, it's music to my ears.
All right, Aang Depli's, my friend.
Yes.
I'm long Pitan 15 September calls.
And I'm also long in, it looks like, Square.
I took Square 14 July calls.
Yeah, and I grabbed SPX 4440s for today.
My average is just, it's like 185, actually.
What strike credit on Peloton?
On Peloton, I went for 15 September.
I got $10 calls.
And then on Square, those are $71 calls.
And that's 14 July for Square.
Ooh, Square popping here.
Alex, you went long?
Yeah, so I got into those 4440 SPX calls.
I did buy the dip on Riot for the 18s.
18 strike for Friday.
So I appreciate the heads up on that.
I'm swinging Amazon.
I did get scared out of Google.
I had a Google swing.
I caught it.
The knife was like instant.
And this morning.
But it's all bounced back.
So I actually am still long NQ as well from this morning.
Just not, obviously I scaled out as I went up.
But it came back down to my entry point.
So I filled again on a, I don't know, like a 30% position size.
So, and that's bounced back nicely too.
So it's, I like it.
I will say NQ, I have demand on the NASDAQ between 15, 195 down to 15, 185.
And you can just see on the hourly how, you know, we've, we've bounced off of that, right?
We've stayed above it and we just dipped into it again.
So buyers are still sitting there.
So yeah, it's looking good, man.
I'm definitely leaning to the upside.
I will say this, but these SPX calls, I mean, I'm already, you know, I got in at one, my average is like 185.
You know, we went up, we actually hit my first at 220.
So I am like, you know, I scale out of these pretty quick in the beginning, but then I leave runners on.
And as the, you know what I mean?
As the, as the price continues to move up, I'll buy in and out of the bounces.
But that way you can kind of stack a position to where like, hey, if it runs to the moon, like if we just rally hard, you know, I'll have maybe five to 10 contracts of runners, you know, left over in that situation.
So anyways, but it allows you to kind of have the risk on without, you know, really having your position at risk.
First trim on square.
That popped fast.
So just letting everybody know, right out the door on Rocket Scooter gives you a series of letter codes, right?
It shows you a liquidity map.
This liquidity map is a BLU.
If you guys go to my Twitter, I posted a link to a live video feed.
You can see exactly what we're talking about.
If you look at Rocket Scooter, we have a brand new feature.
The liquidity map is balancing where bulls and bears are against market maker hedging.
And the bottom right of my screen, you'll see that there's a little guide or a key that shows how those pressures balance out.
This, these letter codes say BLU means we're open in the bull side of the market, the long side of hedge pressure, and that the orientation to weekly monthly options gives an upward pressure as well.
This is the tricks that we do here.
And so BLU, as you see in the bottom right there, two green arrows that are showing pressure from the open and pressure off the hedge pressure to the upside.
Right out the door, I took a tiny long of the S&P, and then I'm looking to add more.
If we fall to hedge pressure, which is going to be 440, I'm trading S&P futures.
And basically every day I wake up, look at all the signs, and then I make my entries there.
My trade plan today, longing it open, obviously, and longing again at 440.
I'm going to look for a five-point stop on the S&P futures or 439.5 on SPY.
The DD ban is my upper target.
This is a place that we look to exit the targets about 15 points away on the S&P, which is good.
So it makes my trade roughly three to one if I do get a hedge pressure bounce.
Next thing is the DD ratio, long and strong and bullish.
We open in a bull zone today, which means 440 is going to be rock-solid support on the S&P.
Rocket Scooters' DD ratio is a bull bear bias indicator that shows the purity of all positions that are illiquid.
76% of the market cap is skewed to the bull side.
And that's the number that has shown a sustainable bull market for the entirety of the year.
So right now it looks like I am falling to the target I want to get, which is good.
I'm about to add to my position in just a second.
After that, we have resilience, which is the number that we look at to show strength inside of the gap between the S&P, where it opened and where it closed yesterday.
And right now resilience is fighting its way at zero.
It's just now getting right there, so it's confirming my entry point.
So I'm going to have a really tight stop on this and see if that works.
So we've got a little bit of a dive right now, and I'm going to see how my trade will shine back in about five minutes.
Perfect rundown there.
Really, really nice.
All right.
Watching a few pieces of tech here.
We just got a pretty sharp reversal.
Yeah, so I got stopped out of that futures trade that I was just talking about.
And I am buying back into those SPX calls, those 4440s.
They just bounced off $1.
Or, I'm sorry, $1.10 or whatever.
And I have fill at $1 and then all the way down to $0.80.
But, yeah, that NQ, though, as soon as I said that, man, it looks like it sold off and I got the notification.
So it is what it is.
But Apple, watch $186.80.
That's the expected move on Apple.
You can see yesterday we didn't quite touch that, but we got pretty damn close.
So if this comes down hard, which it kind of looks like it wants to, if it blows through $186.80, then I would say the market's in trouble for the day.
But I don't know.
I don't expect it to, though.
Probability is on our side that we'll see it bounce if it does get down there.
But $186.80 on Apple.
Yeah, I'm not worried too much about this dip right now.
I think this is just a little bit of a consolidation.
I think we'll continue going up.
Yeah, there's certainly the argument to say, okay, sell your calls.
Don't go long.
Get stopped out.
Maybe I'll be the contrarian here.
I think we're going to come back.
I definitely like Amazon's recovery off EWOP there.
Tesla's coming back.
Spy just had a really nice wick down on the one minute bounce, and now it's coming back up a little bit.
So even though we had kind of a somewhat of a violent knife there, I think it's going to be temporary, and I think we'll keep going up.
But, you know, that is my bias.
We'll see how this plays out.
Yeah, Paul, and that's the thing, right?
Like I'm buying these 4440 calls on this dip, right, like 100%, because I don't think it'll last.
The futures trade's a little bit different, you know, so it just stopped out.
But I do think, like, the probability is on our side.
I mean, look, Microsoft's weekly expected move.
You've got to remember it's Tuesday, right?
So it's not like we're at the end of the week.
Like, you know, Microsoft's is 328.90, right?
We held that on the hourly yesterday.
We're coming down to test that same area of liquidity again.
You have Apple where we're not that far off.
Same thing with Google.
It's sitting – it kind of shook me out of that, right, out of the swing.
But it's recovered back above it.
116.23 is its expected move.
So, I mean, you know, can we go through it?
Yeah, but the probability's on our side that we're going to see a bounce here.
Maybe some consolidation at first.
Yep, I agree.
Like you said, look at Amazon.
That's the one tech swing that I've been carrying, man.
And it's – I thought we were in trouble there for a little bit.
I've got to be honest.
We closed underneath 128 on the daily yesterday.
Yep.
But it looks like it's recovering.
So I'm happy and holding it for now.
I just entered some Amazon 130 calls at 117.
They're already up 5%.
But, yeah, Amazon looks to be the strongest name here.
I really like what Amazon's doing.
Tesla kind of back over VWAP a little bit, trying to.
Spine Q is also trying to make a move up.
So, I mean, I think this was a – just a temporary sort of knife to, you know,
take out some stops and then we're going to keep going back.
So, you know, like if you took a loss going long and you got stopped out,
try not to make – try not to get discouraged, you know, compartmentalize that
and just keep moving forward.
Like if you see a nice setup, go for it.
Don't get scared out of your normal type of play just because something like that happens.
So, you know, stay the course and trust in yourself.
A lot going on here in this market.
Let's see.
Microsoft's an interesting one.
Yeah, Paul?
Amazon definitely is looking nice.
Yeah, definitely.
Alex is on point there.
It's a good swing there.
Good swing there.
Love it.
High day right now, new high day.
Ashton, let me pull you back in.
One of the things which I've been trying to get better with using in Rocket Scooter
has been the hedge breaks and the alerts, really the rules.
And right now we do have, you know, three green, a couple yellow.
Can you walk me through real quick just what these rules mean to you?
Is this how you go about using position sizing and other pieces?
Yeah.
So, as Wolf mentioned, we have alerts.
If you're looking at Matt's screen on his live, you can see him on the right-hand corner.
It's down in the lower right-hand corner.
And there's these little lit-up dots.
Okay.
They're either green, yellow, or red.
And everything is green.
This is telling us that the market is very clean for the day.
And, you know, everything, all indicators that you use, including our indicators in Rocket Scooter,
are good to go.
Everything in Rocket Scooter, it's a well-oiled machine.
So, it can make for a very clean trade.
But if you see some green mixed with some yellow, that is just telling us, hey, be careful because we're starting to see maybe some index divergence.
We're starting to see hedge breaks, which can make the market irrational.
So, whenever you see yellow, even if it's just one yellow dot, it's telling us, hey, just be cautious and maybe consider trading a lighter size than what you normally do.
So, if you're just trading options, as an example, you normally do 10 contracts, maybe consider trading three, right?
Or, if you see some red in there, that's my indication.
It's just, it's so easy.
We've made it so easy in the Rocket Scooter platform.
If any lights that are red, I'm just like, nah, markets are rational already.
I'm just going to sit out.
I'm going to take the day, relax.
And, it's really that simple.
So, you know, the hardest part for newer traders, and for seasoned traders for that matter, I mean, this is really all of us, the hardest part is not winning a trade.
Anybody can do that.
The hardest part is keeping your capital.
And, what better way to keep your capital than to sit out on a day where the market is just random, you know?
So, that's what our alerts tell you, and that's very, very invaluable in and of itself.
Yeah, that's super helpful.
So, really nice breakdown, and one of my favorite tools that I've used again and again and again, and for everybody that's in the audience, again, if you want to see this yourself, and you want access to the boot camp for it, and all the tools and tips, that is just inside of the pinned tweet up top.
So, all you've got to do is scroll up to the top of the space, click the pinned tweet, you're good to go.
The link's in there, and you can find it on my timeline as well.
Just go to my replies.
Guys, if you want to see it in use right now, you can go, and you can go right to Matt's page, and you can see him live streaming on YouTube, and you can watch as he actually uses it to on screen.
I'll drop a picture as well of Spy Hedge Pressure for those that want to go ahead and check it out.
I think that'll be a fun one to take a look at as well, and I'll put that underneath the pinned tweet in the space.
I am watching some other pieces that are moving around.
I know TJ took these Giraffe King $30 calls.
So, keeping an eye on those right now, and then outside of that, it seems like I do wonder if we're going to run into just a bit of chop here after we made this initial sizable move.
Spy now kind of put in that big red candle and looking to stay in the middle of it potentially.
Mr. Trendsetter, which way are you leaning now?
Look, I still think that there's a discrepancy here in the NQs versus ES, so there's money definitely coming out of tech.
So, I'm going to continue to play that through puts on the QQQs.
There's major resistance at 369.
I don't think we get above that, and that's what I see right now.
I took an exit on Square.
Thankfully, we got that trim off.
It took us about a break-even on the trade.
Well, like it was said earlier, you know, just because we're seeing some heavies right now doesn't mean buyers aren't willing to defend the market that we're in.
I would say go find some places on your charts where your confident buyers will be waiting and get the reaction you're wanting, and don't be afraid to re-enter.
We're seeing some nice movement on FedEx and Home Depot.
Again, just looking at names outside of tech.
Both of those are looking really well.
We did not go red on the sell-off this morning.
So, Home Depot, FedEx, two names I would keep an eye on.
Good stuff.
Good stuff, fellas.
The SPYs that entered are down.
They've kind of recovered a little bit, down 12% now.
The Amazons, I trimmed at 25%.
Amazon is definitely looking really nice.
I mean, Prime Day.
It seems like an obvious play in hindsight, and glad I snatched it when I did.
Yeah.
I opened up a long on PLTR 16.5 transparency.
I'm already long 16s and long shares as well.
Right now, looking for basically a break of VWAP.
You've got hedge pressure right at 16.
It's in a bull zone.
MACD's starting to curl up.
So, a little ballsy here, a little early.
But I trade the stock pretty frequently, and it's looking really good here.
If it can just get a few cents higher, more than likely going to pop high a day and go in the money here.
So, got those for 35 cents.
All right.
Sounds like people are looking for a bit of a comeback after this pullback.
Apple here, it's kind of consolidating on this lower zone.
I usually don't play these sort of pivot plays, these bounce-off-lows plays.
But this could be a potential, you know, if the market keeps going as it is, this could be a potential good long entry for Apple.
So, this is not a play I would enter, but I don't know if any of you all on stage or in the audience see what's going on with Apple.
But it could be an interesting long play.
What does hedge pressure tell you on Apple, Ashton?
One second.
I'll pull it up.
Sounds good.
You never want to catch a falling knife.
But, you know, to me, it looks like it's consolidating here.
But, you know, it's – go on.
Apple –
First trim on Piton.
Sorry, guys.
Apple, this is very, very interesting here.
This is quite rare, actually.
Hedge pressure, daily hedge pressure, and monthly hedge pressure are the exact same level.
$187.50.
The price is currently above that.
So, if we come down and touch that, we could see a gamma squeeze, you know, in either direction.
If resilience is positive and we come down and touch that, we could see a gamma squeeze to the upside on Apple.
And if we see a gamma squeeze on Apple, the rest of the market is probably going to follow.
So, keep an eye on that.
If I could hop in real quick off the back of what Ash said.
When hedge pressure – and I said this in the Rocket Scooter Discord yesterday – when you see monthly hedge pressure and hedge pressure line up, especially when you get a bounce off that, he's 1,000% right.
You – nine times out of 10, if it doesn't break, you get a fat rip.
And if you want a good example of that, PLTR yesterday specifically – I'm just saying that because I traded it.
If you go back on your chart and look, yesterday came all the way down to, I believe it was $1,495.
Hedge pressure and monthly hedge pressure was $1,15.
So, it broke down just $0.05 underneath that, came back up, and then ripped all the way up to, like, $1,630-something yesterday.
So, when those bounces come off those key levels, he's 1,000% right.
As long as it holds, you get a nasty, nasty rip, nine times out of ten.
So, I just want to reiterate how important what Ash just said is and what that could mean for the spy if Apple comes down, touches it, and bounces back up.
Good stuff. Good stuff, fellas. Yeah.
I knew I wasn't too far off base with looking at Apple there.
Appreciate the confluence and the interest here.
Yeah, it could be interesting, but we'll see.
You can't try to guess the move and anticipate the move.
You've got to wait for it to play out and then go with it.
But, when you try to guess the market, a lot of times that's going to end up bad for you.
You guys like a little bounce on spy here?
Tesla looks interesting if it gets above $270.
Yeah, I like Tesla.
I mean, I think I would need Tesla over maybe $270, $275.
But, I'm pretty much with you up there.
I would – I like $270 over that level, but I'd probably play it a little more conservative myself.
No, no, I definitely like that.
A little bit more.
I was just giving it generically, but $270, $271, if we can get some move above that,
we'll probably get into that sell-off liquidity that we saw from the other day.
And now, yeah, Apple's making a little move lower.
The whole market's moving a little bit lower.
Yeah, spy and Q's.
New low a day for Q's.
Pretty interesting.
Pretty interesting.
Hmm.
Little bit of a bounce back.
But some stuff's just selling off.
Hey, what's up?
Right now, I'll start to interrupt.
So, we're looking at, you know, rocket scooters hitting that hedge pressure support.
And it's not looking too hot right now with resilience starting to pull back below zero.
That's one of the telltale escape signs I get.
Resilience is strength of the gap and the gap fill.
This 440 hedge pressure could possibly break and fall if resilience doesn't get itself above zero.
And resilience is an arbitrage indication that shows what the stocks are doing inside of what's called the redistribution zone,
which is the space between open and close.
Every stock gap's up or down every day.
And we look at the market cap flux through the gap.
It's a strength of your gap indicator.
Are we a gap and go?
Are we going to gap and fade?
And spy clearly gapped up today.
And the question is, are we going to fade?
If resilience drops below negative 10, then I'm very concerned that we're going to fade.
Right now, it's floating right at zero, which means it's...
Did Matt get cut off for anyone else?
Yeah, he cut off.
The beach Wi-Fi is cutting out.
But, yeah, I was down there in Florida for two months getting sunburned.
Loved it.
Loved it.
Hope you're having a good family reunion down there.
Hold on.
I'm back.
All right.
First trim on the plug.
Sorry, Paul.
No, I'm sitting here under the beautiful sunshine in North Carolina.
No clouds.
And I'm holding...
I pulled the phone out just to talk on it.
And I'm just sitting here.
I'm like, ah, it feels nice and great.
The sun...
You know how when iPhones get too hot?
They just shut down?
I didn't even realize it.
But I got the temperature warning indicator because I'm sitting here in the beautiful sunlight.
And so now I'm sitting in the shadow.
Yeah, phones don't sweat.
They can't cool themselves off, right?
Yeah, I know, right?
They can't sweat through their paws.
So, at the end of the day, we are sitting here at a key, crucial level.
Resilience and arbitrage indication shows the strength of the gap.
And, of course, when SPY gaps up, the question is, do we fade or do we hold?
Since the half gap is really what we look for, the halfway point between open and close, it's a balance point between that imbalance that the stock exchange gets every day.
Resilience is just a tiebreaker at that dashed line you see on my screen right now.
And as long as that number stays above zero, then it's holding the fort.
If it falls below zero, then it's starting to lose steam.
So, I use 10 and negative 10 as like a strong signal.
It means that's the percent of the market cap that is fluxing upward through its distribution zone.
So, right now, everything tells me it's going to hold the gap.
This is a great entry point.
I doubled down when we felt a hedge pressure.
I'm sitting nice and clean.
I've got a really good long right now.
And, actually, my trades are all green again as of the end of the sentence where that comma was.
Second trimmer plug.
Yes, buy over VWAP here.
Perfect, perfect.
What are you looking at, Paul?
Are you sure anything?
In spy longs, one day out, they're down 10%.
I definitely didn't have a great entry.
I'm in Amazon calls.
I trimmed at 25%.
They're sitting at like 5% right now.
But I'm still liking longs for the day.
But we'll see how it plays out.
Awesome, very awesome.
I'm telling you, I'm really excited about the way the market's panning out.
We had this really cool, you know, market bottomed out mechanically last year as we started to see buyers step in.
People knew the Fed was going to go to a period, you know, pressing towards disinflation.
You're going to start lowering the rate hikes towards a zero.
And the market's priced that in.
And so the question became, is this just stock market getting ahead of itself?
But the AI portion of the frenzy started creating a brand new bubble that just started.
And I'll teach you guys something I know about trading.
Whenever you see S&P and Nasdaq start to pivot, right, the popular things pivot first,
the minute you start to see the Russells start to move, that's usually the start of the bigger rally.
As we start to see the Russells was lagging over the last year, kind of just hanging flat.
Russells finally starting to move as we're getting days where the Nasdaq will pull back and Russell will go up.
As people are rotating into riskier and smaller cap stocks, the appetite for staying long in the stronger blue chips is very good.
And so whenever you see, you wake up, DD number on Rocket Scooter is 75% in the S&P,
which means stocks are staying bullish there and they're just rotating more cash into Russell.
It means that people are feeling very safe in the stock market in general.
And I don't start to fear any part of the stock market selling off until the Russell stops losing steam.
So this is kind of where we are.
You know, people are saying, like, how high do we go before we pull back?
And so I was starting to think the same thing.
I used to think we double top, but now the economic data is starting to show some really good signs.
GDP growth quarter over quarter is positive.
That's one safety net for recession is over.
If you see unemployment go down, people going back to work, that will fuel future GDP growth, which is, again, safety net, too, that recession could be over as well.
We're getting slightly, like, bumpy numbers in the unemployment side of things.
But overall, the trend is showing that people are going back to work and jobs are slightly starting to get created from this tech boom in AI.
So it could very well be that the AI tech bubble that's not formed yet but is forming could be enough to stimulate the economy and yank us out of the recession.
That was my whole thesis.
The recession could possibly be over.
And I know a lot of people think, well, you know, the market just started selling off.
You have to think the recession started in COVID in 2020.
We're in year three of the recession.
That's when the market actually crashed.
So it's like we don't really have a bubble to unwind and pop.
There's a lot of cool mechanical things going on.
Just random commentary here to keep you guys entertaining the flat market.
But that's how I feel.
And in general, you know, not investment advice.
But you can see that we're just not waking up and the market's collapsing like it was a year ago.
Giant red days.
Just crash day, crash day.
The market is surprisingly liquid here, even at these levels.
What's up, Adam?
I just want to highlight…
Hey, Matt.
Oh, sorry.
I just want to highlight part of my theory I had this morning and how I said basically the Qs and the SPY were going to go more or less.
Less sideways and that you could see some short covering on a few names like beyond Palantir and Hood.
And now they're all starting to move up.
If you got in on that Palantir trade that I alerted earlier, it's rough.
It's up 31% right now.
I haven't trimmed a single bit.
If it breaks 1664, I'm looking for 1695.
These are now comfortably in the money.
But, yeah, I think you're going to see a lot of short covering.
And even I think Ashton said it earlier that you're going to see some short covering today due to CPI tomorrow.
And shorts would be kind of foolish, in my opinion, to hold short into CPI regardless of what they think it's going to do.
So definitely keep your eyes on these high short interest names.
The market's probably just going to chill today and go sideways.
But these smaller caps, and Matt just alluded to it too, these smaller stocks are going to start to move.
So don't sleep on them.
If you're typically a SPY or QQQ trader, maybe diverify them.
Yeah, look at Hood right now.
Hood's ripping.
Yeah, I'm long on Hood right now too.
That's what I said.
Hood, Beyond, and Palantir are my three that I'm really excited about.
Shop, plug, move both of those.
If you took those entries with me, move those to breaking.
Get codes to the moon.
Are you guys seeing SOS?
I don't know what the thing's doing.
It just went up 60%.
Nuts.
Looking at Unity still.
Is Upstart moving here?
Hey, Matt.
When you're...
You saw a buyer step in off the VWAP right there.
I completely agree.
If you see any opportunities to get in on some dips for Unity, I'd say...
You might see some decent upside.
I do not like how the market just dumped off as I was saying that.
So, again, if you were in any of those positions, stop-loss break even might be a decent idea.
Yep.
Yeah, Paul?
Matt, you were talking about IWM.
And you said, yeah, when IWM is doing well, people are feeling secure in their blue chips.
And they're sort of piling into these smaller mid-cat names.
You're talking about in an overall kind of long-term macro sense, right?
Like, what's your time frame that you're looking at that?
Are you looking at, like, daily candles, weekly candles?
If you'd mind just expanding on that with IWM as a macro indicator.
Yeah, absolutely.
So, it's a general concept of investing.
This would be on a money manager level.
We're talking years and years of investing.
You can look at the Commendment Traders Report, which shows the net positional data and futures,
but it still mirrors the risk in equities markets, how people are longing and getting out of longs and shorting and getting out of shorts.
The asset managers, you know, have been selling since, I think, July of 2021.
It took six months for the squeeze in, and the 2022 market started selling, right?
And so, they started piling back in long in the S&P in October of last year.
And so, what happens is, you know, you're moving into cash.
Inflation gets really high.
The stock market sells off, but it's not as bad as the loss to inflation.
So, people start coming back in as just a balancing act to inflation.
You don't want to lose 7%, 8% a year if inflation goes that high, but you'd rather lose 5% a year in the stock market.
It's a lesser loss.
So, people started putting back into the blue chips, and then we had a tech boom come in,
and then all of a sudden, it felt safer to invest in there as an alternative to the somewhat still high inflation.
So, people risk into stronger things first.
If everything's at zero and you had $100, right, you're going to invest in something you've never heard of
or something that's always been tried and true as a money manager looking for quarterly growth
for portfolios they manage that last for somebody's lifetime, right?
So, you diversify once your – people's appetite for risk gets wider,
and the appetite for diversification gets wider as you exhaust your safe investments.
You know, once you – an example is, you know, stock market rallied, then, you know, high-yield debt rallied,
and then this thing called crypto rallied, and this weird thing called Bored Ape Club happened,
and that rallied, and things rally into stupider and stupider things as people become comfortably diversified.
Yeah, it's like the new tulip phenomenon, right?
The greater fool theory.
You just did something stupid, and you hope someone comes along, does something stupider, and pays more for it.
Yeah, you run – you basically just run out of things to buy, and people were like, you know,
why didn't Jimmy Fallon and Snoop Dogg buy NFTs?
I'm like, because they have colognes and gen brands and clothing brands.
You run out – really run out of things to buy, you know.
Every celebrity singer goes out and has a cologne or something because you have to keep investing in random, riskier things, right?
I mean, Ryan Reynolds is now a billionaire from his two companies.
I mean, so people risk into riskier things, and when the market's crashing, they risk out of the riskier things first.
The things fall in the reverse order.
So things are stepping up.
People are getting in the blue chips first.
Those get nice and stable.
NASX is almost double-topping.
And then now people are like, okay, that's – am I supposed to be in that water?
Okay, so let me kind of go into smaller cat, riskier stuff.
And so ideally, like, when the stock market starts to bounce and a lot of people are saying, hey, I'm going to load back up on my crypto.
Well, you know, I would wait until the Russell starts to rally first before the other things rally.
You want that institutional power to come in.
So people are going to diversify as far as their perception of their safety is.
And it's a nice little understanding of how money managers will work.
What's up, Adam?
I just wanted to highlight something that Ashton brought up earlier, that he brought up how Apple had monthly and regular hedge pressure right at 187.50.
And we went five cents beneath it, bounced, and now you've got a pretty sick green candle on Apple here.
So if you're someone who's long the market right now, keep your eyes on Apple.
If it gets a nice little reverse here, you can see the SPY tick up pretty hard.
So keep your eyes on Apple if you're a long SPY.
Yep, yep, great point.
Yeah, kind of just looking through a couple pieces that have been on watch.
DraftKings not doing it just yet.
Square, like you mentioned, did get back up into the green on that play for those that held throughout.
So a little pop back up for Google and CLH.
Chat's flat.
SOXS actually up a couple percent, so semi's down on the day.
Watching AI as well.
AI's up 2.23%.
It's coming towards the high of day right here.
There's just this handful of names that really like to run together.
And you can see it with Upstart right here up nearly 6%.
And these things just keep on going.
Hmm.
Yeah, and then I guess Carvana's probably having a green day.
Yep, there's 7% on Carvana.
That thing just pumped up.
Carvana now up 38% this week.
80% this month.
270% last month.
Who's even buying Carvana?
That just sounds insane.
This is a good question.
Same theory goes for all these pit codes.
It's a meme now, dude.
Yeah, all the meme stuff.
You got, like I said, I don't like Beyond.
Beyond is a horrible company, but I like money.
So I'm betting that Beyond's going to go up, you know?
It doesn't matter.
I don't really care about it.
I care about how much money is in my portfolio.
What's the saying, Canal Desai likes to say?
It's like, it might be a shit code, but sometimes shit flies.
Hey, Matt, with these more meme stock-oriented companies, what do we typically see from them
in regards to hedge pressure?
Is that typically going to be, like, way off from where they're currently trading at?
Like, if I look at, like, an upstart, you know, we're pretty far above, as well as very
far above monthly hedge pressure.
Is that something you see with a lot of these meme stocks?
Hold on.
So asking, what about hedge pressure?
Sorry.
Yeah, for meme stocks, you typically see a pretty far separation from hedge pressure.
Like, right now.
Yeah?
Well, hedge pressure is the net maximum gamma of options sold to market makers by options
dealers.
What that actually means is it's a predictable high-volume node.
So those of you that like order flow or high-volume, you know, pivots or anything that you look
for unusual activity, what Rocket Stealer does, it's the next step of that.
We can predict unusual activity before it happens.
At 9.30 in the morning, we draw out the hot spots on the liquidity map for you.
Hedge pressure is where that gamma balance is.
So essentially, gamma being the derivative, first derivative of delta, which is first derivative
price change relative to, of the option relative to the underlying.
So what happens is that that price change accelerates delta hedging.
So maximum gamma is just another fancy word.
You boil it down to maximum order flow to neutralize options based on a one-tick move.
It's going to be high.
So when you're really far above hedge pressure, that's exactly what a meme stock is doing.
And that's why it's meaning, because people have pressed it so far into a non-balanced
area.
You might notice with the S&P or other blue chips, right?
You're normally sitting, hedge pressure is in the vicinity of where you're trading.
But yet, when AMC and GameStop were playing on those big rallies, they might have been 10,
15% above hedge pressure.
That is what created that move.
It's reflecting what caused it.
It's not healthily moved that far.
It got squeezed and squeezed so many people, it threw into orbit.
Does that make sense?
It fell, went way beyond that balance point because it just got so overwhelmingly positive.
And it's still bullish if you're above that level.
It's just not as actionable because you'd like it to tap that level, right, to take an
actionable long or a short on the other side.
But that's why.
And that's exactly why they're meaning, which is the other way around is what's cool with
Rocket Scooter is a lot of penny stock traders have told me that Rocket Scooter is the best
thing they've ever seen in their entire trading career because monthly hedge pressure is that
point of no return.
That $1 stock that goes to $8 and $16 and $42 and monthly hedge pressure is just trailing
above it.
The minute it catches back up to the price and price falls below monthly hedge pressure,
that's the moment that run is over forever.
So monthly hedge pressure has that same effect on these penny stocks that may only have monthly
options as well.
So when you start falling below hedge pressure, you know the meme effect is over.
That's one of the cool things that we teach in our extra section or discord is that you
can utilize that to capitalize on when is the run over.
Your buddy tells you, hey, there's $2 on our stock and I got in, now it's at $8, you should
get in.
And, you know, obviously getting those water cooler tips is always dangerous on some company
you never heard of, especially.
But that's what it's used for, right?
Once you get back into that area of it being actionable, once you lose it, when it's over.
So, yeah.
Really appreciate the insights there.
And, yeah, that's a great way to use it as well.
Just being able to look at and say, hey, once we break back below this, let's say on upstart,
you know, we break below 39, that is weekly hedge pressure.
You can look at that and say, all right, I don't, you know, I'm not looking for this to
have those same type of moves to the upside at this point anymore.
So just having some lines in the sand, I do find that to be really, really helpful.
And again, for those that haven't checked it out, it's just right in the top of the
space.
Ooh, I still got to put that screenshot as well of the SPY daily right here, which I
thought was pretty interesting.
You can see we're pretty much just bunched up around it.
But, yeah, you all can see it as well on either Matt's live stream, which is just through
his profile, or you can just go to the tweet that I've been in the top of his face.
Take a look right there.
That's probably the easiest way to find it.
And it's something which I just absolutely love trading with and off of.
And it is uncanny how much it comes back to it.
All right.
I love that, that, that way you described it, line in the sand, because, you know, once
that momentum is gone, you know, the majority, as I'm talking on the stream right now, people
are actually asking about penny stocks.
They're like, you know, following the same topic is that once the momentum is started by
a mechanical thing, it's kind of like you're pushing a rock up a mountain and it's just hard
to push because nobody trades this thing.
And all of a sudden, a big surge of people come through and you push the rock over the
mountain, then it starts accelerating the other way.
It's going to roll until it hits an opposite force.
And so once it's a one-way thing too, once you miss that downward slope, you're kind of
going into sloppy seconds, you're not going to have a great time trading it.
So when is that run over is that it's exactly put a line in the sand.
It runs on a, on that momentum.
And that's really what creates it, the frenzy.
And the hedge pressure break tells you when the frenzy's over is one of the coolest tricks
that we use each box here.
Perfect.
Okay.
We got another 15 minutes of trading here for those that want to call out anything.
Some stocks are pushing highs.
If you look, Snapchat actually pushing highs right here.
ARKK up 2% on the day, which is surprising because Tesla's still down half a percent.
Apple, look at Apple off that 187.50 bounce, like we were talking about earlier.
Love that.
Definitely love that.
I think that bodes well for longs in the market, getting a pop everywhere a little bit here.
1,000% correct.
That's what I was saying earlier, and I know Ashton brought it up too, that monthly hedge
pressure, when they line up that monthly and that regular hedge pressure, it is typically
like nine times out of 10 in my personal experience, that is a steel fucking wall.
It does not break.
If it does, it breaks by a few pennies, and you always get that bounce to the other direction,
whether it's above or below.
So that's why I said if you're a long spy, just watch Apple because Apple's going to tell
you the story there.
So if Apple continues to rally here, we're going to get that big move on stock.
Do you guys mind, I think it might help people in the audience, if you guys put a screenshot,
maybe if you tweet that out, of a chart showing that monthly hedge pressure and regular
hedge pressure for Apple at that $187.50 level?
I think that would help a lot of people in the audience to see that.
I got you.
Oh, what a great idea.
Well, yeah, I have it on my screen right now.
If everybody can click the link at the top, or sorry, the link on my Twitter feed, I've
got Apple right up.
You guys can see what they're talking about.
There you go.
There was a chat today or yesterday in our Discord about what happens when you see hedge
pressure monthly on the same spot.
It's double strength because you have gamma from – actually, I'm going to let Adam talk
about it because he's the one that was talking about it.
Yeah, I'm so excited about this.
I'm so excited.
That's why I was excited when we were talking about it yesterday in the Discord.
But it is my favorite, absolute favorite, favorite, favorite setup of Rocket Scooter.
If you guys have Rocket Scooter and you see when monthly and regular hedge pressure line up,
like I just said a few minutes ago, it is a steel fucking wall.
You either bounce off of that really hard or it's going to be a hard fucking steel.
Trim on piton?
Like massive support or massive resistance.
And in my personal experience, as I said, nine times out of ten, it's probably 9.8 times
out of ten.
That does not break.
So that's why I was saying earlier, with Apple, you're going to see it's more than likely
going to bounce.
So you could get – maybe you'll get that five-cent break because I used that example with
PLTR yesterday at 15, and now you saw a five-cent break on Apple earlier today just underneath
that level.
But it's going to rubber band its way back up, and it's going to launch up from there
more than likely.
Like very, very, very high odds.
So I am very passionate and excited about that because every single time I take a trade
when that lines up – I mean, not every single time.
Like I said, 99% of the time, that is a flawless trade, and I'm very, very, very passionate
about that, specifically with the Rocket Scooter platform.
It's the only place you're going to get that kind of information.
So, yeah, pretty cool.
Honestly, you told it to me last night, and it's kind of pinged us to want to make a scanner.
And our scanner, which is kind of cool, is you can scan for a lot of these cool effects,
right?
So scanning for any liquidity map that's near hedge pressure when hedge pressure monthly
are equal to each other, to find what Adam calls the iron wall, we can probably call
them iron walls because what happens is you get the weekly options are typically held
by dealers offsetting large positions that come out of nowhere.
Monthly options, however, tend to be held by large institutions that are hedging something
a month at a time as they're trying to hold a larger position in their portfolio.
An example, you own 5 million shares of Apple, and you're going to buy 100,000 every week
to add to that until you get to 10.
So your 5 million shares, you're hedging with monthly options because you need to stay
in that to the ex-dividend date to get the dividend.
But every 100,000 you share, you're going to buy some weekly puts just in case the volatility
on that micro, you know, the smaller part moves around.
So when you get everybody's weekly positional changes versus the bulk of their holdings,
and they're right at the same spot, you get all the hedging from the same institutions
in the same spot.
It's a very cut and dry move, as Adam said, and the iron wall on Apple is literally what's
keeping the entire market afloat.
As Apple is, you know, one of the highest market cap stocks there is, you can see that
the S&P has stopped its plunge once Apple bumped into an iron wall.
I love to thumb through the top 10 stocks on the NASDAQ just to see how strong they look
when the entire index looks like it's trying to fall.
And it's a great thing because you're getting delta hedging and gamma pressure across the
board in all options at all times, which when they're right on top of each other, as we
are starting to notice.
And this is a cool thing what Adam just demonstrated, is that we've invented a technology that is
the first thing retail has ever seen.
And as we use it and our friends use it, Ashton comes to me and says, oh my God, look what
you can do.
Adam comes to me and says, oh my God, check this out.
We're discovering things as people are using it.
And so the best part is it's like a sandbox.
And last night the discussion was really cool.
And I'm like, yes, we need to make that.
And test it out and see how well that effect is there.
And then as we're hitting the drawing board, we have all these cool ideas about what else
we can do with that knowledge.
That's your next tool there.
Your next implementation is your iron wall scanner.
This is pretty cool.
Oh, yeah.
Yeah.
We call it the atom smasher or something, you know, like after atom.
Oh, I love that.
The atom bomb.
Perfect.
I did get that screenshot up top.
I see a few people liking that.
And we are pushing back up as well here.
By the way, real quick, I'm taking 67% gain on PLTR.
PLTR, just taking a trim here.
PLTR.
Nice.
Those squares are still going here.
They're up 26%.
Nice.
Yeah.
Tesla above VWAP.
Apple at VWAP.
You know, Spy a little bit above.
Qs at VWAP.
VIX basically it shot up and sort of reclaimed kind of where it opened up.
So, yeah, maybe from here we chop it out.
Kind of regression to the mean that's happening right now.
We'll see if there's any momentum, any inertia on the follow through on this shooting up right now.
We'll see.
On the back of those comments, I just want to point out if you're using the Rocket Scooter platform, you can take a look at your resilience.
And resilience on S&P is starting to tick up here.
So that's a sign that obviously the market's liking to move.
The stocks are moving up, as Matt likes to say.
And NQ, which has been negative for most of the day.
So your NASDAQ stocks right now sitting negative 14, but it's actually starting to come up pretty nicely.
Earlier, negative 32 about what time is it?
1016, about like seven or eight minutes ago.
So we're seeing a nice move here in the stocks.
So once NQ, if that gets over zero on the resilience, or really positive 10, you're going to see that push have some legs underneath it and get some more follow through here.
So don't sleep on the market.
Don't sleep on resilience.
Sounds like I might have to check out Rocket Scooter.
Y'all are my interest a lot.
I'm very interested as well because I watched Matt's video when he essentially called bottom.
So kudos there, Matt.
That was very impressive, and I liked the thoroughness of why you decided that you had confidence to the upside when 99% of the world was looking down.
So, you know, worth a look.
Yeah, I'll echo that.
People in my Discord were saying, oh, yeah, it looks like the market's dropping out.
And I was telling them, hey, look at that Apple 187.5 bounce there.
And it turns out that was pretty key, pretty, really fascinating.
Sorry to cut you off, Matt.
Well, I appreciate it, man.
Like one thing that always, you know, kind of I loved, you know, my background is in engineering.
And my favorite thing, and whenever I worked at a plant when I was a kid, was when, you know, something would go wrong, and you get everyone in a room.
And it was just, if you've touched the thing one time, you're there.
And everyone just talks about what they feel or what they think.
It's like a very inner outer circle sort of discussion.
And it simulates ideas for what we call root cause analysis.
You just keep digging and asking why and asking why and answering it.
And you eventually bump into something that's a unique solution as you exhaust all your other avenues.
And, like, when we talked about, like, is this the bottom and things like that, we just kept pushing in that same effect.
Our community is very open-minded like that.
So we don't like to look at the surface.
We don't like to see what people are saying.
We avoid the news, and we try to see if we can get ahead and answer why.
An example was we predicted at the point where FOMC rate hike was going to 75.
I said immediately next month they're going to start tapering and cutting down.
People thought they were going to go really high.
And it wasn't that I was just guessing.
I actually pieced it together by asking why are they raising rates to begin with?
Okay, this is the data.
Well, what's making that data change?
Okay, that's the data.
What's making that data change?
And we backed into a couple of things that really mattered.
We isolated just a few independent things, or a few dependent things, and then we talked about it.
And in our community, we have these, like, detailed discussions.
And the answer was actually very obvious once you boiled out all the noise.
And I love having these, like, simulating conversations with people, especially people in this community.
And all of you lovely Twitter followers and podcast spaces listeners, y'all too, all your commentary helps everyone dig the answer.
But the inspiration I want to give is to not listen to anything.
It doesn't take a genius to figure things out.
You just have to tie a couple pieces together.
And Jay Powell is very, very transparent about his motivations.
He talks about the labor market.
And we backed into that answer.
And we just watched labor markets.
Came up with a clear solution that things were improving there.
And so we can forecast they're going to stop raising rates to not get more people laid off.
And that's exactly what turned the market around.
And we caught in it as everyone thought it's coming down.
That one little bit of extra work took not too long.
I could spend hours watching CNBC, wasting my time for no effect, chasing my tail, thinking it's going to fall.
But getting ahead of everyone else is the secret to being a successful investor.
You are rewarded for being first.
And I want everyone to understand as you take trading, technical indicators are always behind.
Try to find ways to be first and be creative.
Creativity is what's rewarded, not genius.
So I want everyone to always try to think ahead or meet communities that think ahead that are always trying to see something no one else says.
Half the time people are going to think the leader is crazy because they're saying something that isn't right.
Because everyone else doesn't believe it.
But the leader was first.
They're the one who made the windfall.
And so anyone out there that promotes discussion or trying to get ahead of things, that's where your heart needs to be as an investor.
Yeah, I'd like to just hop on that.
You know, people always say, find your edge in the market.
You know, what's your edge?
You know, my edge is community.
And I'm in a few different communities.
You know, I've got my Discord here.
We're on Wolf Spaces here.
You know, every business is a relationship business.
And trading is not different from that.
Your edge, my edge, is being around smart, generous people that we're all rowing in the same direction.
We all want to make money and help each other.
You know, it's all mutualistic.
I'm teaching you.
I'm learning from you.
It goes every which way.
And being in a place like this, it's like being in a lab.
You know, we're tossing ideas out there.
We're working through things.
And so I would implore anyone out there, don't be a lone wolf trader.
Find a community.
Find a good community with good, uplifting people, not pessimistic people that want to be better.
Because, you know, do you really want to just go through life being ordinary, being mediocre?
Or do you want more for yourself?
And, you know, for me, my edge in the market is community.
So thank you.
That was awesome, Matt.
Well, thank you.
Appreciate that.
A neat thing is to say, okay, you know, it's cool to call the bottom.
But think about now.
I'll inspire some people.
I won't talk too long.
But let me inspire some people.
Do you think the market's going to turn around?
And why?
Do you think the markets keep going?
And why?
Think about that.
And then go to your drawing board tonight.
And instead of trying to look at a chart, try to solve this question without looking at a chart.
I actually never look at stock charts.
Very rarely do I ever look at a chart.
Believe it or not, I trade without them.
Rocket Scooter has a chart to draw on top of it.
But I don't use anything other than the current price at any given time.
I never change my time frame off the one minute.
No matter what I'm trading.
Bumpy map will show daily candle.
But really, you can solve this out of a chart.
Ask yourself, why would it come down?
Start listing a few things.
Start hitting that rabbit hole.
Go to Google.
Start diving into data.
Start looking at charts.
Go to tons of places that have economic data.
And just start asking yourself, why?
Once you come up with a plausible idea, draw a line to another place and ask why.
And then come up with another idea.
And you're going to create a little tree.
And when you get to the end, you say, well, I can't go back any further.
Is this really a good thing that's happening?
Okay, well, yeah.
The data's going up.
So put a check next to it.
No, the data's not going.
Okay, it's not good.
X it out.
Once you've done that entire little tree, there's not a lot of things to look at.
But you narrow it down to a couple things that matter and just watch those two or three things.
And then your thesis is based on the backbone of what makes people make their decisions.
As an investor, you're betting on people making decisions and their motivations.
If you bet on the decision, you're last at the party.
Because the people that play golf with Jay Powell already have the answer for you do.
So the idea is you've got to guess his motivation and what he's watching before he gives it to his golfing buddy.
He's not really saying he does.
I think Jay Powell's clean as a whistle.
But the idea is that you want to be first by piecing it together.
And it's not hard to do that.
And so just you're drawing it out and finding out the things that matter.
So right now, if your answer is, well, the market's been going up, it's probably going to come down.
I don't know if gravity is part of the stock market equation.
But that's not a plausible reason for things to come down.
Things are overbought.
Things have always been overbought.
The stock market's always gone up since the beginning of time.
Which is funny because if you think about it, the stock market always goes up.
But stocks always go to zero.
Over time, every company actually is worth zero.
As the top 500 companies survive and the millions that don't, don't.
And so actually, with every company actually historically failing, statistically, the stock market still goes up.
This is a completely irrational thought just to think because it went up, it's going to come down.
So use real logic and just start digging into answers.
And inspiring people to think about that.
Why do you think it's going to come down?
Come up with some good ideas.
Okay, why did it come down last time?
Okay, are those things still present?
Okay, well, no.
But are new things present to bring it down?
And start thinking like, oh, wait.
My thought has always been it's coming down because it went up.
And it was coming down last year.
So I'm scared.
And now you've backed into the loose, weak backbone you have as an investor because you're just basing your investment off of fear.
If you think it's going to come down because it went up, you're only trading off of fear and emotions.
So I want you to inspire yourself to trade with logic, right?
Push that fear out the door.
And that's it.
Perfect.
We are actually going to move into a little bit of wrap up here, Matt, right around this 10.30 a.m. East T-Mark.
I think everybody has had a nice master class today on how to use Rocket Scooter.
But, of course, this is a product with a lot of depth.
I did want to mention that if you do go through the link that's above in the space, you're pretty much just paying for data.
But you do get included with it.
Actually, a full master course rundown on how to use this thing back and forth with Matt, Adam, and more people like that.
You get insights on the actual charts.
So, hey, when we bounce off of hedge pressure at this point and then we come through the monthly, how am I supposed to react to that?
All those pieces are going to be included.
So that's all through the link in the top of the space.
I want to give a big thank you to Craig, Paul, Alex, Adam, all the other traders that we had on here today.
This was a really fun trading session.
A lot of trades got called out, which I always like to see.
A lot of winners.
DraftKings, Square, Peloton.
You know, definitely a bunch of good ones today.
Some scalps, some spines, some other pieces.
So a lot of good stuff to check out.
Matt, I will turn it over to you if you have any final comments you want to give before we close this one out.
Yeah, absolutely.
And as I said, we're celebrating a huge event as Rocket Scooter is an informational platform that gives you market maker and institutional positions.
Being the first of its kind, we're excited to bring new technologies to retail traders.
To add to that, we're adding live trading and broker connections and an actual broker support inside of the platform that's launching this week.
We're excited about that as you'll be able to connect to all your brokers and futures.
And then after this, we're going to equities and options route as well.
We're going to be able to have traders connect to any place they want to trade while having our tools right next to them.
It's a really awesome idea that we have as we keep growing and creating new things for traders to make trading simpler, more accessible, and more consolidated.
We want you all to come celebrate with us.
We have this package that unlocks everything.
It's $1.99 a month traditionally, but like Wolf has said, it's $35 a month just to try it for three months.
Pays for your data.
Everything's free.
You can come through our entire Trader Bootcamp, Ash and I.
Adam's in there.
We will talk about training from trading to start to finish.
Anything related to trading, investing, swing trading.
We kind of have something for everybody.
New tools.
We teach risk management.
And so come check it out.
You celebrate with us.
It's an amazing deal, and you can hang with us with this big launch.
Obviously, once Futures comes out and we start pushing forward, you'll be able to trade your prop accounts through Rocket Scooter, everything.
So we're trying to really open the door to mass accessibility for all the traders, and we invite you to come check it out.
So click that link, and you can come and see what it is we're doing over here.
I appreciate you all coming by the spaces today.
Perfect.
Thank you, Matt.
Always great to learn.
I love learning more about this tool.
Really liked what we saw there with Apple.
I think that's a setup.
Maybe I'll try to look for more because, I mean, man, look just how much that held right there at that $187.50 and just bounced right back up from there.
So great call.
Thank you to all the traders.
I'll be back on spaces in about an hour and a half for a Tesla deep dive space.
Should be a fun one.
Looking forward to seeing everybody there.
Take care.
Talk to you all in 85 minutes.
Have a good one.
Good game.
It was a lot of fun.
Good game.
It was a lot of fun.
