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TARIFF DAY: LIVE TRADING
Recorded: April 9, 2025 Duration: 1:58:30Space Recording
Full Transcription
Thank you. Thank you. Thank you. Good morning, good morning, good morning, good morning.
Happy Wednesday.
April the 9th.
Tariffs are fully in effect. We will see what the day brings. I'll work on
bringing up our live traders. Wanted to go ahead and get open this morning and get situated here.
Yeah, wild, wild times. Quick little look around the market just to kind of give a little idea of where we're at this morning.
And there's been a lot of movement overnight, obviously, as most of you can probably imagine.
Most of you maybe tuned in and saw a little bit of it.
But, yeah, it's interesting.
We are currently green on the NASDAQ by a little bit.
We are still right on SPY, IWM, Dow. A lot of interesting
moves. NVIDIA is up to almost 2.4%. As I call this stuff out, this could obviously be very,
very different in, I don't know, five minutes, 10 minutes. There's so many headlines coming out
right now as well, but NVIDIA up two and a half
percent. I see Broadcom's up 1.8. Tesla's up 1.7. Microsoft, Google, Amazon, and Apple all on the
green side for now. Costco, Meta, and Netflix on the red side of big tech. There was a lot of news
stories this morning. I don't want to go into all of it right now.
Uh, but I'll hit some of the, the big things. Uh, there is obviously tons of commentary going on and, um, right and left.
I mean, we got stuff out of China last night, of course, continued stuff coming out of China.
Uh, Secretary Besant is speaking right and left right now as well.
Secretary Besant is speaking right and left right now as well.
I've seen a ton of comments from him.
Fed Kashkari also right and left.
I'm seeing headlines out of there.
I mean, my news feed, my squawker and everything is just, I can't even keep up at times.
It's been absolutely wild, but we're here for it.
We'll bring you all of the news.
We'll bring you live trading and we'll keep you informed here. Walmart
is also having a shareholder day today and they made some comments this morning. Delta Airlines
had earnings this morning. They did not give any guidance, which a lot of us probably assumed
that that was going to be the case. And a lot of people think that will be a common theme coming up here.
Jamie Dimon, a lot of commentary this morning as well.
They do have earnings on Friday morning.
So we'll hear more in depth from Mr. Dimon on Friday.
But we are getting commentary right and left.
But either way, let me say hello to my friend Andre from Edgeful.
Great to have you. Andre, what is this? What are we doing?
I have not. This is some some of the most insane stuff that I've
seen in a obviously in a real I mean, this is arguably equivalent
to like the craziness of March 2020,
right? Would you say that? Like in terms of the, obviously not like anything like pandemic wise,
but mostly like in terms of the market reactions. Like market. Yeah. The parallels are definitely
there for if you look at the, I don't know, the reaction, the moves, the volatility and the general uncertainty.
I think if any of you do remember, Andre, that's a great point.
Back five years ago, I guess at this point, when the pandemic started hitting and things started shutting down, there was a bunch of question marks, right?
Nobody knew what was coming next.
You know, is this overdone?
How serious is this?
That was, you know was the issue then.
So we definitely have some similarities here.
Like if you're looking at Apple from all-time high to right now, down 35%.
Tesla, all-time high to now, down 55%.
NVIDIA, from all-time high to right now, 37%.
Obviously, the indices are holding up a lot better like the
pullbacks aren't as aren't near I mean they're still massive but not nearly as strong but you
look at the individual like the the leaders like the mag seven the ones that are that have been
like propping up the entire space the uh the entire um like the stock market for the past I
don't know how long.
Those are the ones that are getting hit the hardest. And I mean, I'm sure a lot of you guys that are, that are listening to this
right now have at least some exposure to those individual names.
So personally, my honest opinion is I'm not too concerned.
I don't know.
I'm like one of the only people that's like, not really terrified about about what's going on. I think that this is...
Now, I'm not going to say by the dip here, right?
Because obviously nobody knows.
It's very news dependent, which makes it difficult to navigate.
But I am not really concerned.
There's been some fear headlines over and over and over again.
People talk about the uncertainty and everything else,
which is obviously...
There is obviously a lot of uncertainty. But I'm not really concerned. concerned, there's been like some like, some fear headlines over and over and over again, like people talk about the
uncertainty and everything else, which is obvious, there is
obviously a lot of uncertainty, but I'm not, I'm just trying to
wait and see because I, I'm not super sold on this is the end of
the world, you know, like every time, every single time in the
history of ever, when people say it's the end of the world, it has not been.
So my thought is I just want to kind of wait.
Luckily, if you have cash, if you have some portion of cash, you are in a good position right now, obviously.
But yeah, I'm not even trying to talk to you about it.
How are you trading?
How are you trading this market right now?
When we look at these intraday moves, massive swings.
I saw an in-cue candle last night.
I think it was like 350 points on a one-minute candle.
It's been absolutely insane.
How have you been approaching trading?
You know what?
Unfortunately, I have not been taking these moves really.
For example, Monday, the giant candle up.
I took a quick scalp.
I don't really like to trade in environments where everything becomes unpredictable, where everything is news dependent, where headlines can really shift an A-plus trade into a loser, like an immediate stop loss. It's not an environment
that I personally like. I know a lot of people can make a crazy amount of money and do love
these types of environments where you get what on NQ on Monday, it's a 1700 point move. Like that's
9% intraday range. Yeah. Yeah. It yeah it's it's a lot so not my biggest fan
I'm not the biggest fan of these type of environments so I've been trying to like
scalp here and there yeah I hear you let me jump around the panel here and uh get some of our
traders thoughts going into this Wednesday session of course uh tariffs did go into effect last night at 12.01 Eastern.
So here we are.
And, of course, China did basically come out and say that they're going up to 84% on theirs,
or 104% live on them.
A lot of global reactions going on.
Mr. MapleStacks, good morning, sir.
How are you?
Good morning, guys.
Hope you all are doing well.
What are you looking at going into this trading session? Of course, I'm looking at at our futures we had a nice pop going into the open i'm a little long here already
de-risked half i'm red on the other half right now wondering if uh the longs can maintain these
two minute emas but right now you know zooming out on the 10 minute it looks like another lower
high setting up you know we can see all in overnight session, Globex, you have these highs
that push up, but no higher highs. So it feels like that environment. I mean, I am bullish just
because of the 10 and 2 being bullish right now, according to candle by candle method. I feel like
we can get a nice test of that 10 minute 200 and then maybe a liquidity sweep pushing us back down.
A great gauge of mine that I like to use just for momentum. I like looking at
the two-hour chart as well. This is a nice push into the two-hour 920 EMA, which could just be
another lower high to short. And of course, I'll have to wait for that intraday confirmation. So
insane volatility. There's plenty of opportunity for the listeners today. I really need you guys
to just continue to react to price action. Do not predict it. Once you put yourself in a
predictive mindset, you start trying to pinpoint reversals and finding tops and bottoms, and then
you lose a lot of money. So I recommend, in a simple sense, looking at your 10-minute EMAs,
what are they doing? Is the nine and 20 bullish,
or are they bearish? Where's price in regards to VWAP? As well as focusing on your 30 minute orb
today. Most newer traders should not be trading the first 30 minutes. And after we hit 10 AM,
you should mark the first 30 minute candle high or low. That'll give you a gauge on whether or not
we are in a range bound form of price action, or we trend if we break in base outside of that orb. But I do have the SPY directional analysis
pinned at the top, unbiased perspective on SPY today, giving both long and short targets. You
guys, please trade safe, be patient, and let's have some fun today.
Appreciate those thoughts, Maple. Mr. Casey, you've got a minute until the bell here i know you uh
like to watch some of your positions at the open so feel free to uh do that if you need to but good
morning hope you're doing well good morning good morning uh yeah not going to take up too much time
as we're about to open up here uh i mean spying queues uh I mean opening up relatively flat there's
nothing really that I'm seeing here I just drew two zones on QQQ a zone above
from like 417 50 to 420 they can break in base above that looks good a zone
below from 410 to 407 50 so you got two little two dollar fifty cent box above two dollar
fifty cents first off finster you can go listen to it if you really want to and
then there is a 30 minute squeeze as of right now that is a currently trying to
curl upside on spine qq as we go into the open so yeah 15 seconds to mark it
open be watching that.
My fault there, Casey.
The thing unmuted on its own.
I didn't touch my phone.
That was wild.
So hopefully we don't get any X glitches today.
That was unfortunate last week.
But we are about to open here in three seconds.
And we'll see live trading starting right now.
Ding, ding, ding.
We are basically break even, right? where we closed yesterday on qqq a little bit red about a dollar down on spy and uh i see a few green names out
here which is a site for sore eyes i guess at times nvidia broadcom kind of leading the way
amd up two percent simi seem to be doing okay as we go into the open here. I don't trust it. I don't trust it.
I don't trust it.
Evan says that.
It's inverse Evan.
Evan is like Jim Cramer at this point.
We might get up green 1-2%.
It's 10-30-11.
We're starting the downhill.
I don't trust it.
I don't think we can trust anything.
Like every five minutes we may get a headline today
but we'll see what happens oh so long uh on nq here real quick in the morning tiny tiny gap but
i just saw my indicator go off on on qqq as well for the gap fill right here at the open which
makes sense i guess opening right
at break even um spy a little bit higher to go before it fills that gap it looks so small but
a 30 point move on nq is not bad well that happens like every three ticks right now yeah
so we got frank up here, StockSniper coming in.
Good morning, gentlemen.
CBC still bullish.
Two-minute EMA is trying to pick it up here.
They need to flip the two-minute candle-by-candle method.
Again, my concern is this little downwards trend line of stack of lower highs this morning, but there we go. NQ hitting the 10 minute 200. I'm up over
10, 12 points now on ES. If I hit the 10 minute 200 EMA, which is at 30, 5030 on ES, that'll
be a great exit, but you should have a trailing stop us set in profit as of right now
market is pumping though
30 30 minutes good morning mikey upside pretty much. Here we go. Beautiful. Let's get a new high here on ES.
I just went green.
That's the gap bill.
Alright, there's 20-point gain on ES.
It's a $1,000 bill.
I want that 10-minute 200, though.
If NQ got it, ES should get it.
But I hate playing should could would
it'll work
a gold is up three percent today
And oil's down four.
and oil is down four
Speaking of oil, does anyone look at the EIA Petroleum Status Report?
It's on my economic calendar.
1030, it's coming out today.
It has the red star, so it might move the markets a little bit.
Does anyone look at that?
Does that matter to you guys?
I know some people that treat oil a lot more than I look at it.
That definitely pay attention to those numbers.
I always, when it comes to certain things like that,
certain pieces of the market or data, I just, the classic Andre,
I find people that are smarter than me and keep them in my circle.
That's a good method, honestly.
Hey, you are who you surround yourself with right
yeah back or not trump is posting on true social quotes to be cool everything is going to work
out well usa is bigger and better than ever before
are you truthing evan
i am now going to check the truth.
Not really much interesting in that truth. If you really look at this from last night,
that Nipta sell-off,
we've basically just
bounced back and forth in the same range.
Pretty much.
Went a long way to go nowhere, as I like to say.
Adam, how are you looking at this range?
Are you looking to trade above it, trade below it, or to trade within it?
All right, trailing stop loss, hitting profit on ES?
I mean, it's got to be the edges for me, right?
Preferably we get out of it.
I don't care which direction at this point,
but at least get out of it.
And then if we fell back into it,
then you try to traverse it or something.
But for me, when the range has been this wide all night long,
I would rather get to the edges of it
or break through it
before I really get excited about it.
You know, get that first 30 minutes, some of that data behind it as well.
I know it's something you watch really closely over there, like that first half hour.
Do you use a 15-minute orb?
What orb do you use?
I use 15-minute orb, and then I use the one-hour IB.
I know you use the 30 minute orb.
It really does.
You know, the interesting part about like, even if you use a 10 minute orb, which I don't think I've ever heard anyone do, it really doesn't matter because you can just, if the data is there, like if the probabilities are high or in your favor for a 10 minute orb or even a three minute orb or whatever, like who cares?
You know what I mean?
Yeah, absolutely.
I mean, that's the whole point, right?
Find an edge in the market, whatever your system is.
I've heard all kinds of orbs.
I know some people that don't use a time frame on theirs.
They use impulses and go off of that.
So everyone's got their systems right.
I like to use the ones that I can clearly define
data and patterns.
Yeah.
What do you guys think of a
choppy day today
considering these two wild moves?
Well, my CFO says we'll
invest in prices, tariffs. Yeah yeah i wouldn't be surprised
to the celh 37 call april 11th
i need a celh this morning
European Union imposes between 10 and 25% tax on U.S. goods.
This category mix has been less favorable than what anticipated at the start of the quarter.
What were you starting to say there, Sniper? Good morning, sir.
Good morning. I was agreeing with Andre saying
that I would not be surprised to see
a choppy day at all.
I really kind of want to see an initial
balance come in before I do anything, though.
This is a great time to buy.
Oh, it's a great time to buy.
Says President Trump.
I took the ES long, two-minute EMA risk.
That's one minute.
Andre, to kind of answer your question,
one thing on the choppiness,
yeah, I just think it's going to be volatile all over the place, right?
I don't know.
You know, news could change, you know, a directional type of day at any point, right?
But until we get something, who knows?
But with this volatility, when I don't have some type of clear edge, I've just been trading a lot less,
a lot quicker to take profit when it moves.
I mean, we have a 400-point range on NQ in the last hour.
ADM?
Yeah, if you look at even just the open for NQ,
it's been 1% more, typically.
Even the first 15 minutes,
that's unheard of. That used to
never happen. And now you get a 1%
orb. That's crazy.
Even now, that move is just probably
60 points
in a few seconds.
It's just...
There's a 10 minute 200. Beautiful fucking
long right there.
Gorgeous, Maple. Gorgeous, Maple. there's a 10 minute 200 beautiful fucking long right there gorgeous maple
gorgeous maple
yes 35 point gain
I'm going to take it
I'm outing on that one mini
yo emp
don't look for the edge
be edge full
there you go
love that
well done right There you go. Love that. There you go.
Well done.
Right?
You can take that if you'd like. We'll probably.
They're testing overnight highs here.
Speaking of edges.
Mexico.
that's delta julian tango all right
That's Delta, Julian Tango.
All right.
i'm gonna go with tesla 235 call
our silver and long gold is absolutely pointing my God.
Since broke overnight highs on NQ.
Yes, not quite there yet.
57 is that high.
Testing for market high here. Tesla's up 3.7%.
There we go.
There we go. New highs.
Buy at 500.
Let's go.
My first target on uh nq is 17701
meta 520 call so
maple is getting absolutely paid right now i took it all Ripper. I took it all off at 35, but if you guys are still in it,
you should be up about 70 points on ES, which is nuts.
I mean, this environment.
The 30-minute squeeze on Spy pops up here at a 502.
It can get a full extension to like 505.6, and here's 502 right now.
Well, I'm still there from last night.
Let's go.
QQQ is above the zone.
I'd say full extension for the 30-minute squeeze would be up to 427.
Let me scout this short here real fast, but I'm kind of being careful here.
We just hit the pivot point in the halfback of yesterday on NQ.
Quick,
quick short scout.
I've been so crazy.
trimming.
Oh God.
It's crazy.
How much are we think alike?
I'm just thinking the same thing.
Yeah.
I got in at like 530 there.
I've already trimmed some here at 50 points.
I'll take off half to be safe because it's a counter trim.
Yesterday's low up to yesterday's high.
It's 50% retracement on queues.
I'm going break even stop for me.
This trade doesn't go red.
I want to see if we can back test that high that we had overnight.
With also the pivot point right there in NQ.
Look at that.
Come on, give me that back test.
Give me that back test.
If you draw a simple fib from yesterday's range,
that was half back perfectly.
There it is.
There's my trim.
It's 100 points.
There's 502 on Spy and previous week alone.
Big rejection so far.
Alright, got some green on the board to start today. Let's go.
Still above
both the zones, so I'm watching to see if
this is going to be a big smack to come
straight back down.
Or if it's just gonna retest and
put in a higher level before it goes to the next level Vicks just it
an area for bouncing so far spy hit NFP low and rejected. Hughes hit NFP, went through,
hit the pivot point, and then rejected.
It's right on the NFP level right here.
Yeah, Spy...
Baba.
502.19.
Baba, $98 put.
The Val D hit the zero line right there.
So did ADD.
Kind of lined up for a
little rejection at least for either short scalp or start of just coming
straight back down to where this thing started a day but
dang i sure didn't hear i should have shorted the ass with it
i see uh deep in the money
485 call for
Spy for September 19th, 5 million.
Future's
pulling back again.
Evan, I was going to tell you, get your all
green Mag7 tweet, but
that is being a little
contrary. I got it, I that is being a little contrary.
I got it.
I got it already.
Okay, nice.
Well done.
Banks are looking a tad bit weak.
All are red this morning. Im still red bank of america is
falling it is down 3.6 percent wells fargo is almost down three percent
morgan stanley still slightly red along with jp morgan FMTO technology shares hitting lowest 11 cents down about 96% from yesterday's clue that's I see a JPM
January 15 20 27 to 20 call call for $4.4 million.
I'm just trying to stop on the rest of this position here.
I was about to say, 220 points.
Great short, because Spy just flipped red there.
Q's back testing the nine.
and what's spy right here so they want to hold this trend so far from pre-market and
And with Spy right here, so.
this move since the open they would bounce it right here Whoa.
Whoa.
Big still pushing higher.
Val D and ADD
still creeping lower.
I see a 450 put for May 16th, 3.3 million.
And then on the one for 1.9.
Reporting that CarMax appoints Stedlow's subsidiary 72
and Sunny as its creative agency of record that
Sandy Tango golf whiskey STGW
All right, first I just profit stop there. I'm good with that trade.
Very nice. I'm watching to see if ES holds the whole number here, 5000.
It's directly in the middle of this little volume shell. He came off that EMA 9 perfectly on Yes and Spy.
Spy, 690 call June 18, 2026.
Sway. We got 417.50, you got 423.50, and 427.50.
If you use volume profile in the five minute for cues.
We just hit 423.50, just back tested.
The volume profile right there,
and you got the 417.50 and bounced.
And now we're stuck just right between those two
but so far yo my bad i accidentally exited out of the good bounce on spying cues i am long es
off the two minute ema's risking them maple went to lock up one of his accounts and shut us down
i took a starter on the spy 499s seven dollars
seven dollars is the ODTs $7. $7?
Is it your DTs?
$6.92, my bad.
I would.
Dude, the IV is nuts, man.
You're telling me at the money, $7?
Yeah.
At the money is $7 on Spire.
Oh, my God.
That's nuts, brother.
Premiums on Spire are freaking absolutely ridiculous.
Starter on J&J.
140 puts for Friday.
What's up, B-Trades?
Yo, yo.
J&J.
The B stands for bio shorter.
The B stands for
bio shorter.
B stands for bankrupt Pfizer.
It's funny, man.
Yep, I had left yesterday.
I took 21 and a half foot.
15 point gain, yes.
I sold half.
Coin, 160 call.
Coin, 160 call.
Just scaled half my contracts at $7.45.
Oh, my God.
That sounds pretty weird.
Oh, my God.
50 cents that fast.
MSTR, 275 call. 98 cents per contract here.
Beauty.
I'm just losing.
I'm looking for J and J to lose 146 in the next hour or so.
And then I'm going to,
I'm going to load up more.
Well,
my portfolio is green today.
That's positive.
Holy cow. This might not even need an hour.
Apple's now up 3%.
Amazon up 2%.
Tesla 4.3%.
Nvidia's up 4%.
Back over $100.
Walmart up 4%.
You're damn right
Walmart's having a shareholder meeting this morning
By the way
Guys
CBRL Cracker Barrel
Is up 2% today
Let's go
Haven't heard that
Since Casey's sl slowing us like 300%.
Is that a $35?
Good day for Cracker Barrel.
Something's happening.
This is fucking unusual as fuck. You him flow over there Mikey what a sports out
bolted on a circuit breaker so it's been almost it's been what 24 minutes since the open I've already saw 28.7 million
of deep in the money I'm for 85 calls for spy for September 19th if you guys
want to see what that looks like on the time and sales and on the volume go to
that September 19th 485 calls and you'll be able to
see how it looks when it's loaded wow i can't wait to see this what was the strike on this
holy 485s 3 000 contracts loaded at a spot price of 52 wow that's wild that's deep delta deep delta And there are fist trades too.
Interesting. I'm
Coming up at 10 a.m. Wholesale inventories for February month-over-month
Expecting plus point three percent at 1030 crude and gasoline inventories.
What are you guys thinking?
New Hive Day here on NQ?
Yes.
Yes.
Yeah, I think so.
I mean, EMA is bullish.
Price above BWAP.
CBC bullish.
It feels like we get a new high. I'm looking for SPY to rip the 505.60.
I'm looking for SPY to rip the 505.60. I'm looking for SPY to rip the 505.60.
I do have QC2 hitting previous week low here.
SPY has not quite got there.
SPY has a little bit higher.
It's 505-ish range is what I'm looking for,
if it pops through this 502.
Go ahead, Mikey.
Yeah, I was just going to say,
I told you guys my first target on NQ.
My second target on NQ is 17751.
And my third target is 18110.
And my last target is 1 8 3 4 8.
it's just using uh basic fib from yesterday that's gonna it's gonna be uh wow 17 700 737
actually uh is your golden retrace from this down move if we get to this 545 area.
My god.
Holy effing shit.
What's going on?
I missed it.
Mikey gets excited.
Are you guys
in my mind racist? Are you guys see my mind races are you guys seeing are you
guys seeing this flow on fucking spy my god I wonder a deal is repositioning
look I hope they crush it since all the gulag
it since all do log listen here going up what point I buy spy puts his hedges for
my portfolio yes right
I beat Charlie.
I'm going to work Charlie out of a job.
Yeah, suck it, Charlie.
Walk this. I'm doing this
all right I'm doing five six I did the 16 690s for June 18 2026 now I'm going to swing the 600 calls for 10 september 19th
i see 600 calls for september 19th roughly about 7 million
What's what's the premium there you said seven seven million
Bro, they're not bro. Go to to a 600 call for september 19th
look at the contracts there's literally 20 097 contracts loaded i don't know dread that's good
enough for me incredible volume wow
all right we just got the first half hour there obviously big green candle in the first half hour
and we're getting a little bit of reaction here we should break above the orb that was just set
50 70 on yes and 554 that's 0.3 percent in line for wholesale inventories just came out in line
i guess you guys probably heard that from mikey in line for wholesale inventory. Wholesale inventories just came out in line.
I guess you guys probably heard that from Mikey.
EBA in line, eBay invests $300,000 in rest. Okay, we're gonna rip.
I have day on track.
MSFT's 365 Paul.
MSFT's uh 365 Paul
my god i'm gonna you like these swings
hey like we said mike you knew how you day right bingo
We are at that
we are at that what's the date tonight
Wait, what's the date today? The 9th?
Bloomberg is being 40
Amazon is seeking partners for $15 billion
Redmonds expansion plan
Tried to take a contract off at 85
But I missed it
Now I'm seeing
Before tomorrow come through
through Jesus what is happening China's bending that's what's happening if you
Jesus, what is happening?
guys want to see the tall the the signs I suggest you read my post from last night.
Tesla, 5.6. So as I mentioned last night, the market isn't breaking the capital is in flowing
freely it's being forced to choose sides and right now capital is choosing sides P.H.I.M. on top of the hotel India Oscar.
We're only at 1% on SPY, almost 2% on QQQ. It tells you what's leading us right now.
If you look at your sectors to SMH leading the way 2.5, XLK,
not far behind there.
XLY also doing very very well consumer discretionary names
so how to tell if china or usa blink first in real time so if yields drop quickly after a spike in the US blinked
Okay, if the one rips weaker
plus
The CNH volatility spike then China overplayed
Amazon rip in here took a contract contract off at $9.10.
Guys, be careful. Market orders are all over the place today.
Yeah, please use limit orders.
Great point there.
About to restart my Weeble.
That shit's so dope.
Yes, just at the pivot point.
And the halfback as well. I'm a little late now, but I almost want to take that same trade I took on NQ on ES
here on the short side for a scalp.
Again?
Just a scalp just a scalp no not that
Just a scalp.
Just a scalp.
No, not that.
I'm seeing those 485 deep in the money calls again for 5.3 million
The actual fuck
Wow look at those loads like thousand thousand thousand four times look so
beautiful time sales So unless volume sellers return and liquidity improves, we need to treat every move as a all right trailing stop I'm really curious to see the next couple days all
these calls hold up if you don't put that much money that's not a fucking hedge watch Q to pull
back here to four nineteen point seven five and they want to hold this trend so far this for 1975 area on a pullback shift hold.
Boy, I hope somebody got filled on the ass for me.
Yeah. Oh my god.
Previous week low, close
underneath for spy. They smacked it.
Here it is.
I missed this one. I talked it out. I missed it.
It's 40 points.
I've watched two longs
and a short so far. I haven't taken any
of them. I'm just watching.
Boy, I got the sniper rifle out this morning.
I'm all out.
I'd buy it. I'd buy it right here.
Well, Cockerback, let her rip.
I'd like to see spy backtest like the previous day close
and see if it holds there.
It's going to be, what, 496.5-ish?
I'd like to see Spy backtest
482.
I hope Spy flushes today, honestly.
I hope he goes so much lower.
I'm not done buying.
That's the only thing.
Alright.
We broke. We made that new high of day.
We broke the 30-minute orb to the outside and immediately a falling back down.
It's spy, it's clear as day if you have that on your chart.
There it is.
There we go.
So I got two minutes left.
See if they close above or below this.
Andre, you're too quiet over there.
You're trading, aren't you?
I know you are.
I was.
No, I was.
I, yeah, it's hard for me to talk and trade.
But, yeah, I was.
I scalped a move. i was looking for shorts initially then longs and
then this rejection just stopped me out so i'm waiting now got a little bit impatient to be
honest and now i'm just waiting i want to kind of like let things play out. I know that when I,
I can tell that my trading is starting to go a little bit awry when I start
zooming in too much.
Yeah.
Zooming in too much of my charts.
I'm like,
whoa,
whoa,
whoa.
Let's take a step back here and,
and chill out.
Yeah.
Whoa.
I always catch myself like if I like start hovering over buy and then I'm like
no and I start hovering over sell and I'm like
okay wait my brain is flipping too fast here
yeah yeah
that 15 and 30 minute orb
is the same which is interesting
broke to the high maybe we got that double
break now
what are the odds on that let's look
for those that don't know uh andre from edgefield up here founder and ceo trader himself that built
this data platform definitely check it out check out that edgeful account that's up here co-hosting
we appreciate andre being here with us this morning absolutely
just pulling it up quick
the it's more i mean it's pretty tough the thing is it's pretty tough let me just i need to go to
a more recent all right they closed that candle right on spy and kiki on that spot uh i mean it's pretty tough the thing is it's pretty tough let me just i need to go to a more recent all right they closed that candle right on spy and kiki on that spot
uh i mean it's not very convincing but they did close uh just holding it still
if you look at wednesdays in the last three months breakouts actually to the top side of
the 15-minute orb are the highest probability and then if you change that to be the 30 minute orb,
which I know you like, let's go.
The craziest thing to say in here,
I think is that we're just range bound, but the range is like 40 bucks.
But if you look at the last three days,
we're sitting right around that 50%
mark of that entire range right now.
Ish.
Yeah, you're not wrong.
So, I think either way
it breaks.
Like, say, under 496 or over
503, 504
is the direction you want to go.
Andre, you get that.
What's the double break step?
So Wednesday is a higher probability of breaking the upside right now?
Yeah, yeah, only. But I mean, the thing is that in these markets, the headlines are what's moving.
So, it's a little bit tough. That's why I like to kind of like take a step back. And that's what I was saying earlier.
I was saying that you have to be a little more careful.
Maybe you side down unless it's like a really good setup based on like what
you deem to be a good setup.
Like I, it's tough to, it's, it's tough to really identify a plus setups when.
The news is driving all the moves.
Like each of these candles, like if you look at the one-minute candle a few minutes ago at 1010,
that's a 76.1-minute candle.
The one earlier this morning at 938, that was a 140.1-minute candle.
That doesn't happen.
It's so tough to take a trade there because your stops have to be so much wider in these environments because obviously you can get wicked out at any second.
But that's why sizing down is important.
That's also why understanding the environments you're in is so important too, because like, if you use the same, the same methods that you did six months ago, now, it's probably not going to work too well at least until the the news gets settled down a little bit more but it's tough like it's it's a tough
environment to trade in and this is where not identifying the shifts in the in the environments
is where traders get really stuck they expect things to work forever and unfortunately it doesn't happen.
Wild times.
They're looking real weak on Spire right now.
Yeah.
Yeah.
So one thing I just noticed is QQQ's 30-minute squeeze, it fired at the open.
It started to push higher.
SPY's 30-minute squeeze has not fired.
structure so far that has looked bullish on the smaller time frames.
And the longer that it takes, and then if we break this kind of intraday structure so far, that has looked bullish on the smaller time frames.
The longer that that takes makes me think that we're just going to pull back and go sideways.
And eventually that squeeze will then go from sideways to downside and then send SPY lower
for when that 30-minute squeeze fires.
minute squeeze fires um because as of right now the way that the uh 15 and 30 minute candle looks
on spy i don't it doesn't look very bullish in my opinion no i'm kicking myself for not getting that
short yeah i think we're gonna go back and probably test 5,000-ish on ES.
At least the 21 EMA is down here too, like 06.
I'm short ES, two-minute CBC risk.
Looking for VWAP down to 981.
That's VWAP and Oroblow are at the same spot.
Maple, I like that.
Do you ever look at billbreakers on ES, Maple?
You know, billbreaker is an NQ strategy that I created Do you ever look at bill breakers on ES, Maple? No.
You know, bill breaker is an NQ strategy that I created just because of the $100 whole dollar sites.
I haven't really developed anything like that for ES.
You know, maybe I just need to spend a bit more time with it on the charts.
I wonder if it would be like a 5 or 10 point move to either side of a big. Yeah, that's what I'm thinking.
Like 5 or 10 point move to either side of a big. Yeah, that's what I'm thinking. Like 5 or 10?
Yeah, 10, $20 increments or 20 point increments or something like that.
But I'm still working on it.
Everyone's been asking me, you know, is there something like bill breaker for ES?
But not yet.
Not yet.
You got to stay tuned.
Stay tuned.
We are kind of trying to hold above those highs that Maple pointed out earlier that we had in the London session.
But spying the ass looks much weaker right now.
Guys, I'm seeing... All right, pinned to the top of the the nest there's a trade taken from this morning two thousand dollars made on my funded it only took four minutes so so I didn't want to miss that
make sure you guys are you know adjusting your size and managing risk appropriately as well as reacting to
price action.
Don't try to predict it.
I'm short.
Yes.
I'm seeing a lot of politicians starting to buy stock,
specifically house members.
Tight stop on this.
Very tight stop.
I'm going to give it a shot.
Bob, a $98 call almost in the money.
Sorry, call. I meant Bob, a $98 call almost in the money. Sorry, call.
I meant Bob, a $98 put.
Sorry.
I did see a comment at one point that they were talking about delisting
China stocks.
That would be wild.
Delisting China stocks?
Yeah.
It's not happening.
I agree.
I agree.
Well,
easier things could happen.
Pretty true.
You know they're not even allowed
to be audited. Did you know that?
China stocks.
What do you know?
Yeah, I don't...
What do you mean by audited?
Do they self-audit or...?
Yeah, their earnings reports.
I mean, anything that they do,
they don't have to...
They don't have to follow the guidelines that...
No, they do.
No, they don't.
As long as you trade on a US exchange you must follow the guidelines of the US exchange
no ands, ifs or buts
let me find it
I'll post what I'm trying to say
I might not be wording it right
the exchange has accounting rules
all the exchanges
now if they come from
a company
sorry if the company comes from a country that restricts audit inspections, that's different.
So, Mikey, what I'm trying to say is every earnings
that they put out they always say it's unaudited and it's because they're chinese
oh that's what you mean got it that's different okay i'm saying so so you don't know if they're
full of crap or not you have no idea and there's no way to tell right correct however to get it on a u.s exchange is a
lot of like scrutiny right it's not as even even even an adr it's not simple right so there's a lot
of things that you must comply with whether it's an audited or an unaudited report, that's just
semantics, right? The numbers still need to be in compliance at the end of the day.
But yeah, you're correct. Unaudited. Yeah. Okay. That's different.
Yeah. I forget the name of the documentary, Chinese hustle or China, you're correct. Unaudited. Yeah, okay, that's different. Yeah, I forget the name of the documentary.
Chinese Hustle or The China Hustle
or something like that, but
it was wild, bro.
I'm really looking at the CS short with you guys.
I probably hesitated too long.
CELH, new high a day for those in the $37 calls with me.
Tesla's pushing.
She's trying.
We're about to get that initial balance set, too,
in 10 minutes.
Oh, yeah, the IV. All right. Alright.
Alright.
Damn she is spicy.
And how's that? You still interested in the ES short
yeah
it's holding a little higher
than I wanted it to so
we'll see
you guys
can go short I'm going long on a 0DTE
spy 505 call 0DTE
I think this is the definition of diddle in the middle is
what I think holy fuck these are expensive
I need to just wait for the next setup.
Frank, what were you going to say?
Yeah, I see, you know, you see that 10-minute shooting star, Hangman,
but, like, it just got halfway up the candle
hey so frank so answer me this what's the name tell me about an adr right so that that's why
um that's what i was trying to say earlier so because you don't actually own stock
chinese company if you buy you know the adrs Right, then that's why they don't have to
do the same thing.
It's a different class, exactly.
Yeah.
It looks like a bear flag on the five
here on ES.
But it's within
bullish structure still.
And there it goes without me again come on baby now oh maybe that's right you got it
in this short still because the 10 minute emas are bullish and prices above vwalk
that's what's keeping me away is yeah and and they i don't even have a cbc flip short yet so
i mean it's just a huge concern of mine.
I do see like a Doji method playing out.
They're not letting anything close over that 45 supply on ES for now.
But if the buyers really stop out, I mean, I think VWAP, you know,
they're going to rebalance there.
Yeah, we should hit at least the 21 EMA here.
We haven't touched it yet this morning. When I said Spy would probably come down and test the previous day's close, it stopped
like, what, 20 cents away.
I'm taking a very small entry on the 505 0DTEs.
Yeah, look at this.
All right. By reaction.
Apple 180 call.
What's the pay you got in there?
AMD, new high of day.
It's up almost 6%. I'm glad I waited there.
I don't want to see what the IB stuff looks like.
Honestly.
I almost got my trim off and now I'm about to get stopped.
Yeah.
It was four points away from me taking a trim on a yes. I haven't got stopped yet. I'm just watching it this five minutes out before I do anything.
Also, there's that news, that oil news in five minutes too.
And the IV will set.
And the opening candle will be set.
Whoa.
Opening candle is one of my favorite stats because it's so strong.
Yeah, it's crazy.
Which yesterday was like less than 20% of the time yeah that it didn't work yeah but you had a new set yeah yeah i think it was like one of the only days in a in a while
that it didn't we say this morning that it would be kind of choppy?
If you looked at even a five-minute chart, it's just kind of...
Yeah, since the opening push, it's been very choppy.
Yeah.
15 minute chart looks terrible.
Yeah, 15 minute chart looks horrible right now.
On NQ at least, on ES.
Same, obviously, same thing.
I don't know why.
I just feel like we have a headline coming any minute, too.
Is that kind of flow?
Yeah.
The market seems to think so.
Now Greer's talking here.
Hold on.
Greer was talking about a storm yesterday.
There's an opportunity for countries to cut tariffs and non-tariff barriers
and negotiations over U.S. reciprocal tariffs.
U.S. weighs farmer bail out as China retaliation threatens exports.
I guess it makes sense.
All the rice, soybeans, everything we sell to China just went up at 84%. Baba, our $98 puts are in the money.
JD, our $33.50 puts are in the money.
This stupid short's going to play out, isn't it? If you look at the Edgeful screener right now,
opening candle, almost all bearish except Apple,
and you look at IV by by rejection all bullish this is when
i'm like uh oh take a step back when i get on edgeful and i see like conflicting data like
two or three things on one side and two or three things on the other side like i immediately
think chop action yeah yeah that's honestly that's like one of the best ways for me to know, like, is this
a day that I'm going to going to like attack or is this a day I'm going to be a lot more
patient?
And obviously the data or the conflicting data today is telling me to sit on the sidelines,
which like obviously in this case, you could skip around, but there's no real clean move that's happening right now
and it's not i this is not an ideal trading environment especially if you um if you had
missed out or you have fomo from the other from the last two days that's the important piece
that like you want to make sure that you're not forcing something.
They are testing my patience.
Look how this 30-minute candle just closed on queues.
Amazon cancels orders from China.
Ooh, yes. All right, there's the first hour of the IV set.
We're right smack in the middle of it
these last three 15-minute candles are like identical bodies that's wild on QQQ. Green futures seeing a little up here, down 4.4%.
Ticker IMTC, $35 call, December 17th, 2027.
Swing. whoa
are you seeing these iv sizes
dude i can't even
believe it actually
over two percent the first hour
is an over two percent range on
spy and qqq apple four percent Over 2%. The first hour is an over 2% range on Spy and QQQ.
Apple's 4%.
Apple's 4.
Yeah.
2.6.
Meta 2.6.
Microsoft 2.8.
I mean, this is like, this is, I mean, I don't even know.
I mean.
Extreme.
Yeah.
That's a simple way to put it.
Yeah.
Extreme.
It's just, it's unreal.
I'm going to take your AEHL Alpha Echo Hotel. any simple way to put it yeah extreme it's just it's unreal
some comments from U.S. Trade Representative Greer from the Ways and Means Committee.
Says there's an opportunity for countries to cut tariffs and non-tariff barriers to negotiations over U.S. reciprocal tariffs.
Says had a number of conversations with the U.S. trade counterpart.
Says can you trade counterpart with sweeping the U.S. for a agreement? I got stopped.
That's from Trade Representative Greer.
I'm glad I didn't take it, honestly.
Once I hesitated that many times, I knew it was going to be a bad trade.
All right, I cut the ES as well.
CBC is still long.
I really shouldn't have been short.
It just looks short, which is a predictive form of analysis.
So, one, I deserve that loss.
First loss on the day, still very green.
But if we do break over the high of day and base,
that would be a great potential entry for us.
Take care of FSLR, 125, Paul.
First solar. first solar so now that the ib is set the opening candle is set it does say bullish bias now
so let's see what happens. Well, IB typically breaks.
Price action is pretty bullish.
I would assume we at least make a new high of day here and then see what happens
Yes, should have faked me out with this but the probabilities are still high that that happens
Only thing I don't like is this by a QB see that he loves right overhead just and digital maintenance construction for modernization project. That's Hotel Uniform Toronto Charlie,
and it's here Halton,
and we have signed up 25%. Thank you. Wait, what the?
Oh, Andre, I just see a picture of that screener that you guys have.
A lot of bullish on there.
I see.
I just pinned that up top if you want to look at it.
That screener where you build out, you can put whatever tickers you want in there and look at different
reports at once. IB by rejection, opening candle continuation, both very bullish. Not as choppy as
I thought it was going to be on the data side of things. Yeah. If price breaks out to the IB high
now, I mean, a lot of the bias will be bullish here specifically on nq i mean obviously
the the data changes for every stock but data will show that very bullish bias if price can break
on nq the 17 555 area
let's do it I would love that
actually
just get me away from this area
fuck that really sucks
fuck
fuck
fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fucking
you need to live in the north fucking east man
all right i'm adding to my j and j puts here So basically see three equal highs with higher lows here.
I think it's going to,
I think this is going to break the IB high.
I ordered breakfast.
Go ahead,
Mikey.
go ahead.
I was just going to say,
I got a DM.
IB is initial balance.
It's the first hour of the market.
It's first hour's candle.
Just wanted to clarify that.
Did you say you wanted to break something, Mikey,
or you were going to get breakfast?
I didn't know where you were on with that.
Uber drivers are just so fucking annoying in the Northeast.
That's all i know
like i never i never order breakfast and just today i just felt like doing it and
i'm so in the zone i completely forgot that i ordered breakfast and the fucking guy doesn't
even ring the doorbell my app doesn't even notify me that it's here. It's fucking like what the fuck and it's sitting outside in
negative 10 degree weather. Okay,
thanks.
I like DoorDash, man. DoorDash
seems to be the move for me.
DoorDash is the best.
And on top of that, if you're going to be
a DoorDash or Uber delivery person in the
Northeast, bring your bag with you.
You'll get a better tip.
No one wants to... Fre freaking es short right there again too
one where they don't follow instructions and they bring the doorbell and the
fucking dogs oh my god that is the fucking worst oh yeah
the kids yeah yeah oh your babies dogs oh my god i gotta order this again annoyed
it's even worse if it's your wife's dog
quick question guys is anyone interested in selling options right now considering how
expensive the premiums are yes do you have an expiration in mind like zero dts or at the end
of the week or next week you can catch some serious decay off this
One sec.
So real quick, I'll jump in.
I mean, I love selling credit spreads.
I have not done them because, geez, this freaking ES short round two,
I swear, is going to play out and piss me off.
Yeah, I took ES short again here.
Dadgummit, Maple.
I'm about to jump back in.
Look at those upper wins on the 30-minute, man. Gosh dang it, Maple. I'm about to jump back in. Look at those upper wigs
on the 30-minute, man.
Gosh dang it, Maple.
You're such a bad influence for me.
Yeah, I wanted to at least test that NFP
one more time.
It's stuck between the two levels
that I want to trade around.
Let's see those upper wigs.
I love selling credit spreads.
The only issue that I have right now
is as of right now, our current market state, to me, it seems that it's very news driven.
So due to that fact with the volatility that would happen from, you know, newslines that are going to be unexpected that we're just kind of waiting all day.
And then that kind of comes out, volatility kicks in.
It's just not the most safe and ideal market conditions for me to be.
Even though I can go super far out of the money, I get that 100%.
But my style for SPY was buying, you I would get for $5 to $10.
They're stupid far out of the money.
They have a 93% chance of profitability, but you get that one flash upside or one downside.
They're going to go, those things from $6, I mean, they can go to $12 to $18.
You'll be minus 2% to 300% and one little five minute candle
just based on the volatility that's coming in
from that headline.
So for me, for my strategy, it's not ideal for me
to be selling those options right now.
Yeah, that makes perfect sense.
I was just curious because these premiums are crazy,
especially on the zero DTEs.
And if you get it right, you can, you can collect a lot of money but the downside the risk
is huge so you have to be super disciplined with your stop in this case they keep trying to suck
me into trades here I'm just still watching.
I just screenshotted the 10-minute chart on QQQ, and it's disgusting.
We've gone nowhere for an hour.
I mean, either this supportive little mini trend line we have on the bottom side
is going to break or the high is going to break.
It's going to come to an apex in the next 20 minutes.
The 10 minute is still holding bullish.
Yeah, I'm still on.
just the candlesticks from the 10 minute to the 30 minute after that just don't give me the warm
and fuzzies if I was long but it's also there's no confirmation of a short either so
I'm just a spectator today as of right now.
I was surprised that you were asking about expiration for either the 19th or the 26th.
The net credit will be around, I don't know know 1.2 to 1.6 around there
mikey don't you do a lot of like um like spreads real fast like instead of like not just selling
but just straight up like a quick spread like if you're confident in this level like holding
and us going higher sound like uh yeah but then
I'll get over I'll get a yeah vertical put spread
so annoyed I have to order this again like fuck I would crush some Tim Hortons right now
I know you guys don't even like Tim Hortons, do you? Tim Hortons coffee is garbage.
It's burnt coffee.
It's either that or they never wash their pots.
Dude, that's disgusting.
It's so interesting how things are different in different countries. Thank you. Yeah, I just can't pull the trigger on the short.
It just, everything's too, the happens at 495, 496.
Look how street sideways this has been.
It almost looks like a flag on the 15.
Damn, Bubba.
Are they waiting on the 10-year auction or what?
What's going on?
Speaking of, where is the 10-year?
Last night, that was the most insane moves I've ever seen in yields.
4-3-7. Last night I watched the 30 year gap up from 4, 7, 6 and just fly all the way to 5. we did say it was going to be shopping today
yeah no it was called that out early.
Brutal.
And the crazy thing is this back and forth is still pretty big moves.
It's like 120 points back and forth.
Yeah, it's not fantastic. Like that 21 EMA just caught up with spy and held for now.
Delta told Airbus it won't pay tariffs on new aircraft.
By the way, this looks, I'm not taking a treat to get away from this range.
I know I said that at the open, but God.
I hate it again.
Jesus Christ. sign is outside the door freaking roaring like a dinosaur so i think that's a very bearish sign
what's up sniper we get you back
what's up sniper we get you back
yes sir can i get a mic check you're good sir
trading anything i'm guessing you got stopped out in profit
yeah i got stopped out in profit a while ago um honestly i've been just sitting on my hands
since then um not in too much of a rush to take something unless it's one of those ideal setups, but I mean
I feel like I'm walking on eggshells
today like news is going to come out any minute
and I don't want to be on the wrong side.
Here we go. Here we go. Come on.
Come on.
I should sell right here if I was
disciplined, but I'm not. I want a little bit more
because I'm greedy.
Em, how would you use the IB screener?
Here we go.
God! The screener? Here we go. God.
The screener?
Yeah, for initial balance.
Oh, yeah, yeah.
So, like, the screener, you can have, like, multiple reports on there at once.
That's what I like about it.
If you look up, Andre actually was bringing this up a while ago.
I built it out because I trade NASDAQ so much and i watch tech so much i built it out i
use the top 10 uh like weighted stocks in nasdaq and then uh i have spying qqq on there i just try
to get like a picture of you know what we're doing like what's going on in the market and when
like i look for like right now i look at it and i see mostly bullish data but the price actions a
little bit you you know,
and I'm scared of the headline stuff.
That's kind of why I'm not taking trade here because I've got bullish biases, but I don't
see price action and confluence and I'm scared of a headline.
Yeah, I'm in total agreement about the headline thing.
And anytime, even when I was in the trade I was in and out quick
You know, I don't want to be holding options in a day like today
All right, there's view up watch it freaking flush now. I'm gonna be subset but
Ticker FXI 29 $29 put ticker fxi 29 29 put oh they're breaking it they're breaking the smaller structure they
haven't broke the bigger structure yet What are you guys expecting today?
Could I ask one quick edgeful question real quick?
Yeah, of course.
Would you say that a higher opening candle in size, like as in percents,
would you say that's a higher conviction when it comes towards opening candle continuation?
Well, we do have the by size variant.
So let's see.
We have the by size, opening kind of continuation by size.
So let me look actually.
It looks like on ES specifically,
that the one between 0.4 and 0.6 are the ones that actually have the least conviction and the sm and the the bigger ones have strong conviction and
the smaller ones have strong conviction but like kind of the that middle ground is where
it's not as strong like the data is not as strong but if you go to the opening candle
continuation by size so if you go to the opening candle continuation by size.
So if you go to that report and number, like number seven on the left sidebar,
you click on by size, you're going to see how that,
how each of them broken out by the IB side.
So today would obviously be the greater than point,
greater than 0.9%.
And you can see that it does have a pretty strong
correlation actually opening candles is one of the more popular reports you'd say right
without question yeah it's it's such a simple report to look at and it's
it's such an easy concept and it will give you such a strong bias with
easy concept and it will give you such a strong bias with it just it will help you so much in
terms of determining a direction and adding confluence to a bias that you have so obviously
you can't take a trade just because you can't you can't just like span longs because the first hour
is green but if you have a long setup and if you have like let's say price breaks out to the ib high then that's an
extra layer of confluence to make your trade that's set up specifically higher quality so like for
example what seems to be happening here on this action like in this price action right now like
on spy is there's a green opening candle and it looks like price is going to break to the ib low
for me personally this is where two reports that have like 80% probabilities are conflicting.
So I am not interested in taking this anymore because like I'm not interested in this type
of price action unless that there's some like very bearish confirmation. I am not looking to get
bearish confirmation i am not looking to get short or long because i have multiple reports now telling
me different things and yes of course you're gonna you're gonna miss out and you're gonna like leave
money on the table today but if you stick to the trades or to the days where everything is aligning
that's where you just eliminate the tough days and you focus on the you focus on the
the tough days and you focus on the you focus on the higher quality setups does that make sense
guys i did scale earlier on es for 20 points we're up over 50 points right now i know dude this is
guys they tried to get me but i got them back i just tried along on q for a bounce
same this is a long spot I have on the spot.
I hope it breaks, but I'm glad I reshorted that.
That was at least a good move there.
Yeah, Andrew, that makes total sense.
Yeah.
Yeah.
So to me, the way that I like to look at it is you can make money in any type of price action,
especially if you're a newer trader or you haven't really found your footing.
Focusing on the high quality days and the high probability days is super important because this price action is very difficult to trade.
Like right now, today, this is very hard to trade.
And you can see that there is a lot of stuff that's conflicting.
There is green opening candle.
There is price seems to be like it's going to break the Ivy low. Those are two very strong reports that are conflicting. And that's where you don't want to be. You want to be
trading the days and like using more size on the days where everything is falling in line.
So that's my advice to anyone who's new is be very selective about the trades you take, especially if you're like trying to pass some like Bunda challenge or whatever.
You can't really pass them if you trade. If you take every single trade that you see, it's going to be really tough to pass one of those challenges.
I got one last question for you.
If I told you you can't use Edgeville ever again,
you can only keep one custom report,
which report are you going to keep?
One report?
Only one.
He's going to say Gapfill.
That's his baby.
Yeah.
I am going to say Gapfill
because that was the report that started the company.
I haven't seen a market update.
S&P futures down 29.
Gap futures down 290.
No worries.
And yeah, it's going to have to be the gap fill
because that is my baby,
even though it has not been the most popular among the users recently.
But every day you get a bias, you get a target,
you know what the probabilities are based on the gap size.
Obviously that's gonna change.
Like for example, yesterday was a monster gap size
and it filled.
So you can see based on the gap size is how it works,
based on where price closes,
based on the weekdays, everything else.
And I would personally choose the gap fill if it was me
great answer em called it yeah he did he knows me pretty well
yeah at this point i mean that's one of my favorites too though that gap fill yeah oh it's
i love playing it both ways sometimes i just like, it's a high probability of it filling.
I just wait until it fills, and then I'll fade it.
Yeah.
Anybody hear that at Russia Squat?
What was that?
What was he saying?
Does anyone use it?
No, what was he saying?
There's a Russia Squat.
Something about Terra at 0%.
But I didn't read.
I didn't hear it fully, so that's why I was asking.
I didn't either.
The guy was like muffled in my ear.
I don't see anything on my news feed yet.
Banks mentioned it this morning.
IWM selling off here.
New low of day.
Bank of America was minus 3% this morning.
It is now down over 5%.
JPM, new low of day.
Over 2%.
Wells Fargo, new low of day.
And Morgan Stanley.
Banks just took a little nosedive there.
They were looking weak to start the day.
Navidia just took a big dive.
Yeah.
Spies is an interesting spot here.
I'd like to call this no man's lane.
If I had to do anything right here and I wasn't
leaning bearish downside this is a bounce spot on spy in queues so well you got
that because of low of day I'm assuming like earlier that like i don't know basically i have a level on spy at 493.87 um this level is from
monday
interesting you know i have i have a couple levels around here too i have one very close to there i
have 494.53 for some reason i can't remember how this level got on my screen so here i. I have one very close to there. I have 494.53 for some reason. I can't remember
how this level got on my screen.
So here, I'll do you one better.
I hit the stop there.
Go to...
Go to
Monday,
April 15th of 2024
on the weekly. That is
exactly where this level first started on my
chart.
Because that weekly candle low is exactly where this level first started on my chart. Because that
weekly candle low is 493.7.
April 15th?
Monday,
April 15th of 2024.
April 15th
doesn't happen. Oh, oh, oh, my bad.
2024, brother.
Yeah, yeah, yeah.
Alright, 50 more gain on ES.
Make sure you guys manage this trade, please.
We just broke low a day or 30 or below.
That's over $2,500 per contract.
No, we did not.
Did we?
Yeah, we just broke or blow right there.
And look, the signal was there, right?
Like I was mentioning the doji method, right?
Nothing closing over 46 on ES.
But look at that CBC flip.
You know, it's a 1040 candle, so it closes at 1050. That's where the
buyers stop out, right there. Once the buyers give up the candle by candle method, you're going to
see them stop out on top of each other, which is going to cause a sell imbalance, which is the
reason why we just flush to low of day. Now, at the low of day, don't chase the break, chase the
base. I really would like to see a break and retest of that 30 or below if we are going to continue to the downside
Maybe to like pre-market low or something like that
I just bought you off on NQ again Benzinga Pro Squawk has disconnected.
Benzinga Pro Squawk has reconnected.
squad has reconnected. So ADD and VOL-D have tested the zero line like five times and have
gotten rejected every single time. Again, I said it this morning and I know I kind of said it in a
joking manner, but at the same time it was kind of realistic. I'm looking for SPY to go down to 482, 480.
The 30-minute squeeze on SPY has not fired.
It is still trying to move upside as of right now.
upside as of right now it would have to hold right here instead of a reversal
within the next probably one hour and reclaim 500 probably by lunchtime or
after lunchtime for that to still be intact for that squeeze to go upside the 30 minute is now an evening star
Which is a bearish?
Candlestick reversal on spy you go to a 30 minute to clear evening star
You've got a big body green candle on the left a red
Doji to bearish candle in the middle and a big body red candle on the right those three combined evening star
three combined evening star you want to see that at the top of an uptrend to go
You want to see that at the top of an uptrend to go lower
lower that was another reason that I saw that starting to form why I took the ES
round two for the short and again if it takes too long then I think all these
indicators are gonna go flat and eventually curl down and the squeeze
will then fire to the downside to sense by to the 482-480 level later on today. This thing looks like it went slower.
These sellers are relentless.
Taking everything in my body to not go short again. It's the 50% retracement from pre-market low to high of day right here on Q's.
Got the equilibrium zone right here on the price action concepts.
Well, I just gave me a bounce. I would expect to see a bounce.
Did you take the long?
Yeah, I longed KinkQ.
It was right on VWAP and or below,
so I just had to play the bounce here.
I like it.
I just don't like how it's reacting so far, but we'll see if we can get back through 250 here
I think we can get back into the 300s at least back test those EMAs. The EMAs haven't even crossed yet
40 point gain. Yes, I'm all out
Nice
There's a decent pop so far off this level Nice.
This is a decent pop so far off this level.
About to touch the nine on Spy.
I don't know how many points that is on MNQ,
but for ES, that was a pretty decent bounce.
That was almost 20 points now.
980 back to 5,000.
All right, there's 80 points. I just took a trim. There you now. 9.80 back to 5,000. All right.
There's 80 points.
I just took a trim.
There you go.
Nice.
Two for three.
Let's go.
Put me in the Hall of Fame.
If this was baseball, I'm getting paid.
Well, I guess it's trading I'm getting paid, too.
We just did hit the top of the hour. I do want to go around and get some closing thoughts from everyone. We're gonna
probably wrap this up and I know Jordan's live. We'll have several live
traders going over that direction I'm sure. I'm watching. Come on. Give me a pop. Give me a pop.
There it is.
100 points.
I'm out two-thirds here.
Nice.
Now we're cooking with gas.
Beautiful off that spy level.
I'm tempted to take a re-short right here.
So, go ahead, Mikey.
I'm going to do a call fly.
I'm going to buy one $51 call for UVXY. I'm going to sell two $55 calls and I'm going to buy one $59 call
all for April 11th.
Any other kind of closing thoughts, Mikey?
We're going to wrap up this space here
and live trading.
We'll head over to Jordan's link.
And we've got some other stuff coming up, of course, later today.
No worries if not.
Sorry, was there a question to me yeah I was gonna see if
you had any other closing thoughts so we get oh my gosh my lungs oh my goodness
what a ripper off that let's go um the closing thoughts understand where capital flows okay uh usd assets treasuries large caps u.s equities
defense contracts um gold and in uh bitcoin that's an inflation hedge or chaos hedge convoys
as they call it uh rotation into uh reshoring sectors like steel rail earths energy infrastructure
so watch out where money moves because that's going to be an indication in regards to
what potentially could be happening with the whole china u.s uh the whole china u.s uh scenario
as i mentioned before um the way to spot if china or usa blinks first in real time
is if the yields drop quickly after a spike then the u.s blink okay uh either it shifted
its issuance or walked back its tone but if the one rips weaker with a CNH volatility spikes, then, you know,
China overplayed.
Appreciate you,
Mikey.
I will say if you are enjoying this live trading,
make sure you follow all these great speakers up here.
And of course,
my two co-hosts this morning,
Casey,
any final thoughts,
wrap up comments from you as we uh wrap up the space here on this
wednesday tariff day morning um nothing for me honestly i've just been honestly just looking at
spy and scalping es i have not touched the options on spy or qqq today um and as of right now i have
no reason to i don't like where where spying cues are at right now.
We've got to talk about it this morning. As of right now, it does look pretty choppy.
If I'm not mistaken, I think Trump's speaking at 2 p.m. Eastern today.
Someone can fact check me or correct me on that. But I believe that's what it is.
So it might just be, you know, having some anticipation in the market, waiting until that happens.
And we see a big move in the last one, two hours of the day, maybe on spying cues.
So just make sure, again, you're you're following, keeping up with the news headlines, stock market news out there.
It's like, again, said this morning, we're a news driven market right now with everything that's going on.
So you just need to have that kind of information
available to you and take advantage of it.
So I appreciate you having me on this morning.
Yeah, absolutely. I always enjoy it,
KC. BTrades, I know you snuck back
in here. Did you have any...
We're closing up, wrapping up a little bit, but I wanted to give you
a chance if you had any final thoughts on
trading price action today.
No, I'm just still beating up
on pharmaceuticals over here.
And, you know, Trump set to announce tariffs on pharmaceuticals.
Yeah, I think that's bearish.
Got a good entry, waited for the opening candle,
and it paused and stalled out up there on J&J.
So I'm looking forward to come down 144s and under.
So that's it for me.
Well said, well said.
Mr. Stock Sniper, if you're still with us,
what parting thoughts do you have?
You know, I'm going to keep it very short and sweet,
but don't do anything stupid uh never
underestimate your ability to mess things up it only takes a couple clicks of the button and today
is a great day to do that um but other than that thank you everybody for coming in to listen that's
all i got appreciate you being here mr stock sniper maple stacks my co-host up here this morning
what a great job by the way appreciate you calling out the trades, being with us.
Parting thoughts?
Thank you, sir. It's been a pleasure trading and making money with you all.
Right now, I still think it's an orb day, right?
I told you guys all before the market opened, wait for the first 30 minutes.
Once you mark the first 30-minute candle high and low, if we're still trading within that 30 orb, then it's a range bound form of price action.
The only reason why we ever trend is due to price imbalances.
So until I see a break in base outside of those orb levels, you know, you guys should trade the edges like Emp likes to say, you know, don't force continuation or FOMO breakout trades.
And just like I mentioned at the lower day, I said, hey, we broke the 30 orb loan.
Don't chase the break, chase the base. I don't see a base there. Now, if the novice traders
listening, if you guys hit a short there or took puts at the lower day break, you're down pretty
bad right now. I mean, Spy ripped up three, almost $4 to the upside. And all you have to do
is sit there and just, you know, be patient and wait for the right setup to present itself.
Don't allow FOMO to provoke you to take greedy trades that will never be consistent in the long
run. All right. So I hope that I've helped you guys, you know, make some money today. I hope
that I've helped you guys, you know, understand how to read price action a bit better.
I will catch you guys all tomorrow.
You guys have a great day, and it's been a pleasure
making money with you all.
Appreciate you, MapleStacks. I took your advice.
I'm not exactly
on 10-2, but I do have my seat
belt on right now during this price action.
I appreciate you being here.
Andre, my other co-host up here,
we appreciate you and Edgeful
joining us on these live trading.
Of course, any parting thoughts to leave?
First off, if you're not following this Edgeful account,
they put out some amazing content
around all the data that goes behind a lot of trading.
Definitely check out Edgeful.com.
A big shout out to you guys.
Appreciate you guys joining us.
Andre, any parting thoughts for everyone?
Yeah.
Be careful, guys.
This is not an environment to be over trading in.
We all do it.
I did it myself this morning.
And you just got to be careful.
You don't want to be blowing your accounts on these days.
If you have profits, not saying that, like, take everything off the
table immediately. But if you have profits, if you took a good setup, take your profits,
there's a lot of uncertainty, a headline to come out at any time and ruin your trade,
which is obviously out of our control. But we have to expect that people are going to be hyper
focused on headlines on the news right now. And whether you're set up the price action looks good
a bullish or bearish news headline comes out and price will stop you out or whatever it is
so just be very careful be very mindful of what the environment that you are that you're trading
in is and yeah i mean you this is the this is the most perfect time to not be trading with your
emotions you want to be waiting and very patient with your setups based on whatever the data is showing.
And yeah, that's it.
Beautiful, beautiful.
Well said, Andre.
Appreciate you joining us.
Appreciate everyone that tuned in this morning.
I know we had a big crowd.
Like I said, live trading will be continuing over on AceTheKidTA.
That's Jordan over on his link. I'm
sure you'll see some of these faces over there. Thanks everyone that tuned in. Thanks to all the
speakers up here. Like I said, make sure, give them a follow. We appreciate their time. And of
course, my two great co-hosts up here this morning on live trading here on Wolf Financial. We have
all kinds of other spaces and streams and different things coming up later today so make
sure you keep your eyes out for all of that and i hope everyone has a great and profitable
wednesday take care everyone Thank you.
