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WOLF MONDYA SPACES
Recorded: June 5, 2023 Duration: 3:11:24Space Recording
Full Transcription
Good morning, Damien.
Good morning.
Good morning, everyone.
What's going on by you?
Not a whole lot.
Very calm, peaceful weekend.
Going to get the week started.
Very nice, very nice.
See what happens.
We had NFU last Friday.
It was very eventful.
As we do the rounds today, I'll kind of dive in a little bit into that.
Okay.
Yeah, that'll definitely be interesting.
I heard a lot of people talking about it.
You know, on our Friday space,
that became a big conversation around the jobs port as well.
Definitely.
Okay.
What's up, Evan?
Hello.
Good morning.
Should be an interesting week.
We don't have the most macro.
We don't have the most earnings.
We do have an Apple event today.
Apple's also an all-time high watch.
Shout out to that.
Getting very close.
It hit it.
No, it didn't.
I got a notification.
You got a 52-week high notification, probably.
Oh, gotcha.
But no, it didn't.
182.94 and something around that is the level.
I'm double-checking now.
But pre-market doesn't even count.
I have 183.38 as the all-time high.
So, right now, I have it at 182.78.
So, yeah, just underneath it.
Just if that helps.
I haven't seen 183.38 anywhere.
Everyone's up there.
That was on top of it.
Maybe that was a pre-market high then.
Yeah, 182.94 is the intraday high.
Yeah.
I do see it over 183 at one point.
But, yeah, it might have been pre-market.
Yep, it was pre-market.
It was the 4 a.m. 4-hour candle.
So, at some point, pre-market for sure.
Anyways, I'll let you finish, man.
I didn't throw that out there.
Yeah, also, best first half of the year for the NASDAQ since 1991.
What's up, Evan?
All right, you want to roll through any other stories?
No, there wasn't too much else going on.
We did have Spotify laying off 2% of its workforce, 200 people announcing that.
We had Tesla delivering 77.7,000 China-made cars from a Shanghai Gigafactory in May.
That was up 2.4% month over a month and up more than 100% year over year.
But that's because of COVID lockdowns this time last year.
OpenAI said, or their chief scientist said, maybe one day they'll make it an open source model again.
I wouldn't hold my breath on that one.
And Marriott announced an interesting new, or they're going to further expand its affordable mid-scale lodging segment.
Maybe this is more interesting to me because I'm looking at travel and stuff and maybe something like this.
But deliver reasonably priced modern comfort for guests seeking longer-stay accommodations in the U.S. and Canada.
So, we'll see any developments there.
I'll report if anything interesting does happen.
And, yeah, overall, that is really it.
We're all waiting for this Apple event today starting at 1 p.m. Eastern.
Mediterranean-style restaurant chain, Cava Group, is looking to IPO.
They're looking to trade between $17 and $19 or start out there.
We'll give it a $2.2 billion valuation.
Trade under the ticker CAVA.
This is a chain in New York City that I've had a couple times, and I'm a big fan of it.
I'm not going to buy it in stock, but food does taste good in my opinion.
But, yeah, nothing too crazy going on, honestly.
Okay, sounds good.
I think that's pretty good.
I saw Morgan Stanley also coming out saying that the economy will avoid a recession in 2023.
They're also predicting that the Fed will hold interest rates at current levels until March of 2024, where they will pivot lower.
So, a little bit of news around potential pivot and stuff like that, but we'll see.
What do they really know?
Also, as oil rallies, and oil is rallying following that OPEC meeting where Saudi Arabia agreed to further cuts in production, there's a couple names to keep an eye on.
USO, BNO, both good ones to keep an eye on.
That's Brenton Crude.
Let me get him back up here real quick.
Go ahead to co-host.
And then, obviously, you can go through stuff like Alcoa, APA, Diamondback, a bunch of oil names that are sensitive to what's happening right here.
Yeah.
And then, just outside of that, the only other things that I'll put out are SPY is currently green.
It's up about 0.08%.
It's all the way up to 428.5.
So, if everyone's remembering, we are struggling around that 420 level.
We have now blasted through it.
We are at the highs right now for the last three months.
We're close to new 52-week highs, I believe.
We're within about $1.50 of them.
So, we'll see if we can get there today.
Just going to roll.
Yeah, Evan.
Yeah, really quickly.
I did also want to point out, myself and Wolf and some others, we are doing a competition for Apple's event today.
It's the biggest event going on.
So, if you want to get the chance to win $100, it's free to enter.
All you have to do is make a prediction.
The link for that is pinned up in the nest above.
We're doing this a bunch.
So, you make your account on there once and you can enter into all the other contests.
We're doing this.
We're trying to do it for all the major events.
Giving away money every single time.
So, you don't have to be exact.
We're just giving away it to a random person who enters.
So, check that in the nest above.
And we'll talk about that one or two more times.
But, yeah.
Sounds good.
Yeah, definitely check that out.
We're going to be doing, probably trying for at least one a week.
So, probably worth it to go and participate.
All right.
Let's get some thoughts from the panel on what people are watching today going into the open.
Traders Retreat.
You got any watch list?
I've traded mainly SPX, but all the mega cap names are kind of on my watch.
I've been watching Google.
G-O-O-G-L is what I mainly trade.
Mainly because it had, you know, it had a nice pop Friday.
It obviously got sold into pretty quick once it got up to 126.
But, you know, it has been consolidating, possibly flagging, you know.
And if we're going to continue to the upside, which at least until Apple's event comes out,
I think that's, I'm pretty confident in that, that we'll see more upside than downside across the major tech names.
But I do think Google has potential to have an explosive move.
We started to see that on Friday.
Obviously, you know, things sold off pretty quick.
So, I'm watching that.
Cat is another one.
It ran up to the weekly supply at 227.29.
There's, it was an old weekly support, actually, but acting as a resistance now.
It's the first time it got retested.
There is a daily level up here.
So, I want to see if that can continue, get over like 228.
If it does reject and falls back down under like 226, 225, I could see a retrace down to possibly to the 200-day,
which is sitting just under 220.
So, obviously, all eyes on Apple, the NASDAQ.
The NASDAQ does have a weekly, has a weekly zone that I've been expecting it to kind of run up to.
It is currently, I forget what NQ is at, but it's basically 200 points over us right now on the NASDAQ.
So, keep an eye out for that.
I'll pull that chart up here in a minute.
But, yeah, the other one that I'm actually shorting, or I'm currently short, is AVGO, right?
So, that's, that couldn't get over the hourly level I've been watching.
That's around 810 to 815.
It rejected there again last week.
So, I'm actually short that.
You know, it doesn't take much to make money on that name.
So, that's what I'm looking at.
Besides SPX, right?
SPX, I think 4305 to 4310 is a decent target.
Obviously, I want to see where the gamma levels are at once we open up.
We could see a pullback down to the 4270s.
42.77 was the, and this is on SPX, not ES, but 42.27 or 42.77 was the weekly level I was watching on that.
And we did get a close over that last Friday.
So, that was a pretty big signal, in my opinion.
All right.
Paul, go for it.
Hey, good morning, everyone.
So, I'm a technical analysis Tesla trader.
I mostly trade Tesla.
Tesla is at the 217.50, kind of 218 level in pre-market, which is, I believe, that's like March's high.
So, that's a pretty important level.
I mean, so on Thursday, it broke over that 208 level, which is pretty big.
Friday sort of went up to that 217.50 level, got rejected.
Now, pre-market, it's over.
I'm kind of interested to see how that acts on open.
Then, Apple, I mean, Apple, that's pretty interesting.
It's like all-time, close to all-time highs now, right, like within a few cents.
That's pretty interesting.
I want to see what happens with the event and everything else.
AMD, I swung some AMD puts over the weekend because it had kind of dove down to that 118 level really early.
I got bought back up, dove down to that level again, and I bought puts swing, and I think they're up pretty nicely right now.
Yeah, they're up like 20%.
So, yeah, there's β yeah, market's open, so I'll be quiet now.
Apple fell off at the open very quickly.
It didn't hit those ultimate open price.
Yeah, yeah, it did kind of fall off a cliff on that first candle there.
We'll see where it goes.
I do want to see the β I mean, we just opened, obviously, the hourly close on SPX up around 42.87.
I think we're going to push above that, but I am going to be watching that come 10 a.m.
The mornings are obviously β they're either all good or worth waiting for them to pass sometimes.
So, I do think leading into Apple, it's going to be a big driver here.
So, keep your eyes on Microsoft as well.
If we can get over like 338, 339 especially, I mean, that's still a five-point or four-point move up.
That would be a big, big break.
If there's a major weekly zone up there, we could easily see that push everything higher on the big names.
Yeah, so you were saying you like to stay away from the openings sometimes, and I somewhat agree with that.
A lot of times the opening 15-minute of any stock sort of sets a range, a high and low range of the day.
And if you break that high or low, that opening range, you sort of get a β a lot of times there's opportunity to make money there.
You'll get some continuation.
So, never a bad thing to wait for the volatilities to subside after the first 15 minutes.
Absolutely.
The orb, you know, the opening range β I forget, what does the B stand up?
Breakout.
Breakout.
Yeah, opening range, breakout.
I mean, it's definitely something β I don't tend to use that level exact, but I do β the zones tend to match up with it very β relatively closely.
And by the way, AVGO is coming down, so I'm watching, obviously, the 800 mark on that, all the way down to 790.
So, I'll start taking profits as it breaks 800 on that short.
Yeah, you know, the thing is, I mean, if we β Tesla's rocking out here.
If we continue to push up, like, if we can get above 42, 4293, 4294, I think we could see a push up to, like, 4305.
So, I'll trade something like that, possibly.
But, yeah, I mean, waiting for that hourly close at 10 a.m. Eastern is β especially for people with a smaller account, right?
I mean, it's β in my cash accounts.
I have cash accounts that β I have two cash accounts that I trade in and out of.
I treat those like a small account, obviously.
And that's β you know, and it's just a more confident trade when I wait, you know, to get into the morning.
So, not that there aren't trades here, guys, you know?
So, take it β
Look at that wick up, that previous one-minute candle on Spy.
Massive wick up rejection.
Yep.
Yeah.
Apple did hit those new all-time highs, by the way.
What did?
Apple.
Apple.
Okay, the intraday highs, yeah.
Yeah, so Apple's over that 183 level, I guess.
Yeah, that's β yep.
Let's see if it β let's see where it closes, I guess.
We do have β the NASDAQ is up at the resistance here.
Let's see if that can obviously push up over it.
Obviously, I'm watching Cat, like I mentioned, just because it had such a run.
It could easily continue to go higher, but I do know that it wouldn't surprise me to see a pullback down to, like, the 222 area, possibly.
You know, we'll see what happens there.
Cat's got all red candles today.
Yeah, right, yeah.
Pushed up again.
You know, 227, 228 is going to be tough for it.
I think that's β you know, it's β there's a major daily level there.
You can kind of see that on the daily chart.
It's going to be β you know, it had a beautiful run, you know.
I mean, it blasted through a couple of key levels that I was watching Friday.
So, I mean, not hating on it by any means.
I just think that we could see a bit of a pullback.
But now the Apple event is, what, 2 p.m.?
Or is that β no, I'm sorry.
I believe 1 p.m. Eastern.
1 p.m. Eastern.
Thanks.
Well, and with Cat, you can't expect those value β those type of value companies, like a Waste Management or American Water,
you can't expect them to sort of just rocket into the stratosphere.
I mean, there's β it's pretty discreet, their business, you know.
Yeah, absolutely.
Yeah, honestly, Friday's move was more than what I expected.
A couple people in the β I have a Discord server that I run.
Not a huge group, but, you know, we were watching it.
A couple people were playing it, and they killed it.
I mean, it ran a lot farther than what I expected.
So, but good on them, you know.
I do have Tesla coming into a zone up here.
$222.60 up to $224.92.
So, you could basically see β you know, you could say $225.
You're still inside of this major weekly supply here.
But, again, it definitely looks bullish.
SPX coming up.
And I'm waiting for the NAS to break the highs from Friday.
So, I believe that's Friday, right?
Yeah.
Friday morning highs.
Just a reminder, this morning we have β we have PMI, non-manufacturing PMI.
It's going to be, obviously, a mover to the market as well.
I would be very cautious.
Five minutes now, we have that.
And then, of course, the one coming out in, I guess, 20 minutes is going to be kind of a market mover.
We still have β as we're going on Rocket Scooter data, we still have a very long bull market.
We've been calling bull markets since October of last year.
It's still showing bullish until kind of middle of July.
And our monthly maps showcase where the positional risk is.
So, everything's looking nice and solid.
My anticipation today is that we get a quickie little dip on PMI.
And then, of course, I have long entry points.
It's 5,428.
We were talking about Apple.
You know, Apple has some β let me pull this up really quick.
But, yeah, basically everything is looking good.
Apple at 177.5 has a hedge pressure support.
QQQ has a 354 hedge pressure support.
So, obviously, today, it's going to be a pretty fun day.
VIX is sort of bottoming out right before this news event.
So, it can go either way.
Obviously, I don't take a heavy long position into an event.
But, in general, the market is not only very bullish, but there's a short squeeze going with it.
So, all upside moves are going to be very brutal.
And I'm not really doing anything to try to create any of this.
So, I'm just going to try to get dips along the way.
So, things are looking solid, at least from a marketer perspective.
I think that's really smart to point out, too, that, you know, we are β we had such a big move that, you know, trying to go long here.
Like, wait for the dips.
I mean, if something has momentum and really rocks out, I mean, it's not that you can't scalp it.
But, for any lengthy play, I just β I don't know.
I mean, I feel like, you know, we've had some major upside moves.
So, just be cautious.
What's going on, Mark?
Or is it β never mind.
Mark's not up here.
James, what's going on?
I see James up here, but I'm also looking at SS Trades.
I see you in the crowd if you want to come up.
And then, Luke, do you want to throw some thoughts into the mix here?
Yeah.
Hi, everyone.
This is the first time I've joined one of these spaces.
So, thanks for inviting me.
Yeah, I'm mainly a crypto trader.
So, Bitcoin is the asset that I mostly trade.
So, yeah, a bit different to be talking about stocks and everything from here.
But I've just β I've had a couple of alerts go off on β I trade the ES sometimes on the futures there.
So, I've just had an alert that that's taken out the Friday high.
So, I've got a little range that we're looking at.
Yeah, basically between this Friday high would potentially be looking at a scalp short from here,
but only very short-lived, looking down towards maybe taking out the London lows.
Hey, Wolves, SS, what's happening?
And from β yeah, me being from the UK, I often trade the London session as well.
Sorry, sorry, Luke.
I don't think SS can hear you.
SS, just one sec because there's someone talking and I'll come to you.
Yeah, go for it, Luke.
Yeah, no.
Yeah, I'm just β yeah, basically saying because I'm mainly trading Bitcoin
and I'll trade the S&P futures as well.
So, on Bitcoin, we've had a bit of a move β well, the whole morning so far has been down.
We've been kind of looking at a bit of a move down on Bitcoin.
But with the open here, yeah, for myself, with S&P having taken up those Friday highs,
coming up to those highs there, I would be looking for a slight pullback.
But again, I think I share the same overall bias as all of you guys here,
looking towards those August 2022 highs, which would give kind of 52-week highs,
as you say, still looking up towards that on the higher timeframes.
Perfect.
Awesome.
Yeah, Luke, I'm definitely interested in stuff with Bitcoin and Ethereum.
So, stick around for a little with us here.
Let me know if you do get any other triggers on those as well.
Sure, we'll do.
Okay, perfect.
Evan, we hit all-time highs on Apple, not just 52-week highs, right?
Yep, new all-time highs for Apple.
An all-time, intraday, whatever.
We still have to close at this price for it to be a closing price.
But, yeah, new all-time highs.
All right.
Okay.
Yeah.
SS, do you want to go now?
I'm completely sorry about that.
Well, if I was listening to something else and I saw some stuff popping up
and I was trying to get in there, I wasn't panting.
Sorry for interrupting you, brother.
Yeah, Morgan Stanley.
Morgan Stanley, keep your eyes on it right now.
Very nice flow coming through.
A lot of bid sides, too.
People taking profits.
But some very good flow coming into Morgan Stanley right now
for this week's 86 calls.
But other than that, watching Google.
Google had a weekly inside bar.
And it's actually getting close to a price action break out of that weekly range.
Over $126.20 would be what I'm looking for.
Yeah.
Throw in there, that's what we were talking about before you joined.
But Google has potential to have an explosive move.
I'm still watching $126.50, but, I mean, pretty much what you said, man.
And inside bars is one thing I try to, you know,
there's a lot of traders that just want to learn something.
And I teach how to trade inside bars.
Just a price action break out of that consolidation.
You can typically get a nice scalp.
Or that inside bar can set you up for a complete trend day sometimes.
A hundred percent.
And, I mean, it's acting almost, you know,
it has potential to have sympathy play for the rest of the tech.
So, I mean, it's had big moves previous.
So, I don't want to say it's a true sympathy play.
But, I mean, this thing has potential to really rip.
Yeah, I like that.
Yeah, I was going to give the market a little bit of time to settle.
Tesla pulled back slightly.
But it's already in quite a few calls that we gave out with SoFi, Tesla,
some things like that.
SoFi has been β have y'all looked at SoFi?
The thing β
Is it still going today?
Yeah, it's over 740 today.
Those β gave out some calls out until January that we followed.
They were hitting the $10 calls out until January 2025.
Several people took the closer-dated ones, and those were up nicely.
But the 2025 calls are up 70% January 2025.
It's kind of crazy.
But I like SoFi with all this debt ceiling, all the, you know,
potential payback of student loans, et cetera.
I think there will be β Palantir, PLTR, I know it's another one we've talked about.
I think there will eventually be a little bit of profit-taking
because those have made really nice moves here short-term.
But keeping some of these that used to be, you know, PLTR,
everyone and their mom thought it was going to $100,
and it's kind of slowly sold off Amazon, Amazon.
The queues are ripping right now.
Yeah, I just wanted to throw that out there.
We did break the resistance we were watching.
So, I mean, it's moving up.
I think we could see another 100 points out of it here.
So going to dive into some SPX here soon.
And β sorry, go ahead.
Yeah, real quick, James, do you want to throw anything in here?
Hey, what's going on, Wolf?
What's going on, everybody?
No, I'm just chilling right now.
You know, I don't start trading really until like 10 a.m.
You know, I try to get a market a little time to settle in
and let everything kind of do what it do.
I am looking at TQQQ right now.
So, yeah, definitely it's bumping up big time right now.
So going into the day, you know, for my pre-market,
I was kind of looking at Ford, MRO, SLB, Tesla, and XOM going into the pre-market.
So I also got my eyes on them to see if they match in my setups that I got going on
that are probably hit around 10 a.m.
And also looking at kind of like that energy sector of the day to trade.
You know, I got some β on my energy sector, I'm kind of looking at PR, MRO,
what I just spoke about, PBF, and FTI.
So, yeah, I'm just chilling, man.
I'm waiting for 10 a.m.
If I jump into something at 10, I'll definitely jump on the mic
and let you all know what I'm doing.
Appreciate it.
Perfect.
I'm also looking at Mara calls right here.
It was down 3.5% this morning, currently only down about 0.8%.
Running to the top, so looking at the $10 weeklies.
They're about 52 cents at the moment.
And then, yeah, watching Labu as well, LABU.
See if that can get back into green.
It's kind of turning down right now, but giving it a couple minutes.
All right, Rob, you got a question here or a thought?
Yeah, what's going on, Wolf?
I just wanted to say what's up, brother.
I haven't talked to you in a while.
I've been trading over on the crypto side, but I got back into options trading this weekend.
Obviously, you and your spaces were the first people that I thought about,
so I wanted to come up and shout out you first and say what's up.
Thanks, man.
I appreciate it.
We're doing good.
I'm watching a couple things right now.
I'm watching QQQ, AMD, and NVIDIA.
There's a nice little gap on the way down for AMD.
Even if it doesn't get filled right away, I'm going to be watching it.
Okay, looking for that on AMD.
Every single Spy one-minute candle has wicked down to VWOP.
It's pretty amazing.
What do you read from that, Paul?
To me, it looks like there's a giant battle going on between buyers and sellers.
I mean, it is volatile on Spy right now.
For me, I'm staying away from it right now.
I can't read these tea leaves.
Got it.
I am in SBX 4,300 calls here just for today.
Not going to hold them if we drop back down, but I do think we're going to push up and see that.
I do think that after we get the 10 a.m. close, we could see a retrace back down to like $42.90, $42.87, somewhere in there.
And I'm going to check out where the gamma levels are at here shortly.
Apple is just cruising, you guys.
So, I mean, that's kind of a momentum trade for me.
So, definitely got some Apple calls, just trading them in and out for the week, not trying to hold anything besides runners.
So, I take one of the ways that I really teach to trade is to, you know, once you get some, you know, you scale in and out, right?
So, if you want to get all in on a momentum trade, that's fine, but start scaling out pretty quick.
You know, don't over leverage yourself because position size is going to be the number one way to manage risk in a situation like a momentum trade.
So, I also want to say that Broadcom, AVGO, did come down, touched the 800 level.
That was one of the contracts, one of the strikes that we bought Friday.
So, I did take a bunch of profits on that.
I want to see where the hourly close is going to be.
If it closes under $7.98, then I do think we could see it pull back to at least $7.90.
But we're going to have to see where that happens.
Understood.
Okay.
Yeah, once more, if you haven't already participated, we are giving away $100 today.
Shout out Apple for hitting new all-time highs.
All you got to do is make a prediction as to where Apple is going to close.
You can go into the top of the space to find that link to make a prediction.
You can go into the space chat.
It's in there as well.
And it takes about 10 seconds to make a quick prediction.
It's just a little sliding range.
Here's where I think Apple is going to close today.
I already made my prediction.
You can see it on there.
And if you β it's not β you don't even have to guess right.
We're just giving away $100 to someone that makes a prediction.
If you guess right, you get a little bit of a nice little bonus.
Okay.
Also, for everyone on mine and Wolf's team, make sure to go in and make a prediction as well.
We've got that season two of the competition going on where both our teams were in first and second place.
We want to keep that going.
So shout out to that.
Yeah, we would love to see β if you're in the audience and you're a fan of what we are doing,
then we'd love to see you all making some predictions.
So, again, link to the top of the space.
Hop in there.
Join one of our teams.
We are the top two-place teams right now.
And go ahead and make some predictions as to where stocks are going.
And if you want to see some of mine, I'm putting one up right now.
So it's going to be on the platform.
I think I'm going to do a higher low of day.
We'll see.
Ooh, Celsius up 5.1%.
Damn.
Celsius is at 145.
By the way, also, S&P 500 is now up 20% up off its recent lows.
On pace, enter a bull market if it can close here.
Wow.
All the haters, big bad on Celsius right now.
40% month.
Jesus.
Yeah, Celsius now up almost 3,000% last five years.
Okay, Damian, you been taking anything?
Yeah, so actually in the morning, as the NASDAQ and S&P kind of shot up very aggressively on the hourly,
the Dow Jones has been kind of stagnating and or going down,
which is a bit abnormal given the nature of the product.
So I've been able to size in pretty heavy with my team so far,
and we've been able to take 5% on the day, just like near the open.
So that's very good.
And now just waiting on it to dip down some more.
Every time it dips down a little bit, we're just buying into it on the hourly chart.
So that's been going pretty well thus far.
And yeah, just wanted to kind of capitalize a little bit and talk about the NFP release that just came out.
So the figure was very good, and it beat the expectation.
The consensus was that it would be 190,000 new jobs, but it broke everything by like,
it was 328,000, I believe, somewhere around there, which was even better than the last month's report.
So when things like that happen, everybody should kind of just know that it's almost free money
because you just have to buy into the U.S. dollar when the news is very, very good.
So anyways, the euro versus the U.S. dollar was very high.
So me and my team kind of shorted the euro and bought into the dollar.
And it was just easy, easy money on that day, honestly.
So when news releases come out like that, it's not about trading the news before it comes out
because that's kind of speculating slash trying to gamble and see what would happen with volume.
But after the figure comes out, you can do so much with that.
So I've been able to do that, so kind of still looking for dip buys right now in the U.S. dollar
and going to be buying aggressively the U.S. 30 as it dips down to some levels,
and I'll post the levels down in the comments so far.
So yeah, that's about it.
Just eyeing the Dow Jones right now and the U.S. dollar.
Okay, sounds good.
Rocky, I see you in the audience too if you do want to pop up.
Tom, got you down there.
Matt, are you with us for a minute?
Yeah, it's going to be.
Yeah, what do you think about this, Mark, right here?
This is a pretty obvious day.
Obviously, there's still some carryover from Friday's expiration.
Doing anything out the door when you have two three-star news reports coming out,
obviously the services PMI came in as a slight miss, but improving over the months.
But in reality, in eight, nine minutes is where we got the big dog coming out,
with ISM, non-manufacturing PMI, which is the data point that is going to be forecasting
the actual effects of the recession and dissimulated lending markets.
So ideally, if commerce is down because unemployment's been up,
people have been getting laid off, can't get their jobs back, and jolts are coming down,
it's a clear state of what a recession actually is,
even though the market is screaming bullish right now.
In general, as we see the positional shift to bull market kind of ends late July for S&P,
early August for the NASDAQ, because that's the stronger push.
In general, the bearish fundamentals are still creeping in.
The PMI is going to kind of reflect that.
Obviously, you get things like new orders, right?
You can see if companies that are buying wholesale goods and things like that
are stockpiling inventory because people aren't buying stuff,
you're going to see new orders coming down, which is forecasting slowing down in commerce
and, of course, slowing down in the economy.
And the PMI numbers really do have good, almost like forward guidance
into what's going to happen in the economy, maybe months out.
Obviously, Wall Street doesn't immediately reflect, you know,
oh, my God, it's terrible news, let's sell everything off.
But it can have one of those knee-jerk red days, as obviously like today,
trading into such an important thing after an exhaustion run on Friday's expiration,
would just be too aggressive for me.
What I do want to see is the market dip to some key levels and just me jump right back in.
Nothing in my blood tells me to want to fade this bull market whatsoever.
All signs are strong across the board.
There's like four different things we look at on the data side,
and everything's pointing out.
There's nothing that's pointing like this is going to end.
So days like this, when a good news event comes out,
I'm always waiting for a good dip to buy.
All things look great.
Tech still looks strong.
And, of course, this being the non-munufacturing,
that's going to have a lot of volatility coming with it.
So I'm just going to wait and get a dip.
And basically, I'm still in that buy-the-dip mode through the summer.
And that's probably not going to change anytime soon,
especially if the Fed is committing to slowing down rates, right,
to a zero-rate hike and possibly holding that for the year.
So that's a very big up, at least on the Wall Street side,
for having a little bit more faith in, I guess, the liquidity of the market
because they know that other traders will step in and battle alongside the Fed.
So that's my whole take on the thing.
But seven minutes, news comes out, we'll probably see.
If I get a dip to hedge pressure on anything, tech, spy,
I'm looking at the same stuff I've been looking at for the last three or four months,
the same sectors, tech, com.
And then, of course, with energy, today we had OPEC's cutting rates.
This is one thing I want to talk about on that as well.
I treated oil for a very long time.
OPEC will usually raise and cut rates to throttle production
to create a different price on oil
because that is really the currency of many OPEC countries.
So it's essentially they're matching inflation.
If inflation's up, they're always going to throttle production
just to bring prices up to match inflation.
It's not necessarily a sign of bullishness in the long haul,
it's just a sign of reflecting inflation.
So with that being said, energy stocks, like you said this morning,
are probably going to be strong reflecting on that production cut.
But other than that, all the market's going up.
So it's really just which sector do you think
has the most travel to go this summer?
And I'm on the boat that we're probably going to see
some of the things that are pushed down the hardest,
the ones that are going to move the most,
as tech is kind of reaching its peak right now.
All right.
So as that slows down, I'll be looking for other things to get in on.
And while I'm talking, just kind of waiting.
And so we'll see.
I'll turn back in about five or six minutes and see what we get.
But that's about it.
Hey, Matt, I've got a question for you.
So you said that you look at four different things that,
and those indications, those indicators tell you,
okay, for sure the market's going up.
I want to wait for the news to settle,
and then I'll find a position.
But those four things that you look at,
do you ever see those four things sort of flip on their head immediately?
Like if, for instance, some sort of negative news comes out,
could those four things change in a nanosecond,
and then you've got sort of a different thesis
for how the market's going to turn out?
Have you ever seen that?
Or what are the chances that all four of those things flip?
Or would it just be maybe a couple, typically?
Great, great question.
So for that sentiment like that,
those aren't indicators that flip like that.
Two of those things exist in reports, CFTC reports.
Commitment of Traders is a report that shows positional data,
and it updates once a week.
So it's kind of a storybook level of how everything looks on the bigger scale.
And, of course, monthly mapping rocket security being one of them
is positional data mapped out months in advance.
And the market doesn't really just shift that many tens
or however many hundreds, whatever billions of dollars in a heartbeat, right?
People do shift positions around,
but the bigger stuff tends to stay the course.
So it takes a really kind of like overarching sentiment change
with a lot of things to really shift all of Wall Street from bullish to bearish.
So like one of the things to look at is the liquidity and the futures market.
It's extremely liquid right now.
That might change on a very small scale,
but that liquidity trend has been prevalent since October of last year.
And while you do have like weeks or months where it kind of creates,
you know, you have illiquid, it doesn't move that much.
Positions, they shift tiny little bit over the long haul.
You know, people might sell 1% to 5% of their overall holding on a stock
maybe week over week,
but nobody's dumping enough to really just flip the market on a dime.
Because these being like positional data information,
you very rarely see them switch so quickly to, you know, to turn around.
It's more like a trending thing over the long haul.
So good question.
Okay. So some of those things might flip a little bit,
but for those major things, it would essentially just say,
it would have to be, you know, mountains would have to be moved.
Like it would, you know,
Jay Powell would have to come out and say something just extremely,
you know, unpredicted or something like that,
which would, I guess, make people panic.
You nailed it. It's more like this.
Like the majority of what's happening in the market is very predictable.
There's nothing that's really surprising.
The behavior of the Fed was entirely predictable.
We know exactly what their motivations are.
So this, let's go around in this recession.
Wall Street has been very effective at pricing and expectations and almost,
and futures have nailed it every single time on rate hikes.
That's how predictable it's become.
And so nobody's surprised.
And like you said, you're going to need a massive surprise.
Something's going to have to come out of the woodwork that no one expected.
And here's the thing.
Everyone's expecting a recession.
Everybody's expecting layoffs to get worse.
Everyone's expecting jobs, jolts to come down.
Everybody's expecting rates to stay the same for the year.
Nobody's surprised by that.
So Wall Street's going to have to get a big surprise to capsize the market.
And I personally can't be a terrible surprise other than a major company
filing for bankruptcy that nobody saw coming.
Those are the kind of surprises that are going to flip the market around.
Just the same thing in 2008, right?
2009.
It slowly traded down.
Lehman and Bayer were the things that took that acceleration up.
And the markets collapsed on those things.
But the recession has no mechanism to amplify itself other than a slow drift down.
If a Walmart files for Chapter 11 or a McDonald's files for Chapter 11,
you're going to start to see some turbulence, clearly.
Or China closes down some Apple factories or something.
Something big, yeah.
And that might just be isolated to Apple.
People will jump out of Apple and jump into NVIDIA.
It's like people want to be bullish something right now because the recession economy
that we're in and the not so bullish, or sorry, the recession economy with some bull
wave on the market, if you think about it, you have a pile of cash that burns up due to
inflation.
You're going to find the smaller dumpster fire to put your money in.
Believe it or not, the stock market is the smallest fire.
And that's why people are going long, not because they believe the recession is gone,
but because it loses less money than your money sitting in cash.
It's the less of all evils at this point.
And you can see that because people aren't going into the Russell, which is the riskier,
smaller cap stocks, higher debt, things like that.
They're not people are going into high yield debt.
People are going into safe blue chips because the top seven dominates.
Oh, eight seconds, by the way, before data comes up.
Yeah, the top seven dominates.
Yeah.
Yeah, you nailed it.
So it's like, it's better.
It's like, well, it's better than cash for now.
I might as well put my money there for the, for the, okay.
So the data just came out.
So yeah, great questions.
I appreciate that.
Thanks for your explanation.
Yeah, I was going to say, it's interesting.
We did close, I'm watching SPX.
We did close inside of the hourly, the retest area.
But if you look at Apple, we actually came up to that, that pre-market all time high.
And that's exactly where we just closed the hour.
So that's when I see price action like that, it does make me curious.
It's not necessarily bearish or anything.
It's just, I do want to see where we're going to react here.
I do think we're, we're going to go long on SPX, but I'm watching Google over that 126.50
as well.
I know, I think 126.30 was the other level mentioned.
So keep eyes on that because if that breaks out, we could see a pretty big move on Google.
I'm watching GOO GL, by the way.
I just sold.
So, so last week I ended up taking ownership of SOXS shares because I had sold cash secured
puts on them and I just sold covered calls the other way.
So I'm going the other way now because it just pumped like 5% off that news.
So I just sold the $14 covered calls on SPX.
It's just smashed through, dude.
Sorry, not to interrupt you.
I just want to point out we're heading towards 4,300.
By the way, for those that believe inverse Kramer as a, as a signal, Jim said that he normally
asks was 401k every single month, but isn't doing it this month because the markets run
up so much and 5% yield and everything like that.
So he thinks we're near a top.
I also saw a tweet from Jim about a couple of hours ago saying he's got his puts in for
the day.
So yeah, pump everything, I guess.
Bless that man.
He, he for sure has a gift.
It's the opposite of Midas touch, death touch.
Yeah.
So it looks like we're getting a bounce market wide here.
I do have a question.
If anyone does have a trade or anything, then you'll interrupt myself and Wolf.
We've been doing some work with Roundhill.
They've been launching a bunch of new ETFs.
One of their new ones, the generative, the first generative AI ETF.
It's been a massive theme, obviously ticker chat.
C H A T.
It has the volume for traders in it, but I want to know like for a lot of the technicals
you guys use, how long does it take before you can really start using them on a stock
or obviously the smaller the timeframe, the more you can do it, but it's been out for like
two, three, four weeks at this point.
I wanted to get like your initial thoughts on that and how it's been moving.
Anyone in general, they can look at it.
Ticker C H A T.
Yeah, for me, I usually don't, I only trade things with a tight, you know, tight options
chain, you know, like I'm looking for a cent in between on the spread.
So for, for something like this, this would be out of my radar.
So I can't really contribute too much.
Yeah, Tom.
Yeah.
I'm just waking up here.
Yeah.
Market at nine 30 woke me up with a bunch of alerts.
So I assume you guys have already gone over kind of the stuff that's been moving here,
but a big, big change.
I just saw in the last three minutes, the dollar was kind of holding on there and now
dropped 0.3% in the last four minutes.
And that is looking like kind of market wide bounce, isn't it?
SPX to 40, uh, 42, 90 QQQ 355.
Yeah, this is actually really cool.
And, uh, you guys probably don't care as much, but Bitcoin even getting a little green
candle here, which might not have been so expected.
Damn Tesla even.
Holy crap.
There's a lot going on today.
Tesla just opened up above 217.
We're talking about that in the space last time.
Well, that's a, that's a higher high for the year.
This is a, this is actually a pretty nice day.
Yeah.
Yeah.
Uh, kind of a ripper day and, uh, yeah, with Apple getting, uh, all time highs, it's, uh,
for sure, pretty, pretty interesting.
And then we had the, uh, positive news that just came out.
So even gold is up almost 1% in this hourly.
Hey, I wanted to just say something real quick about chat or CHAT.
Um, I believe that's what you were talking about, right, Evan?
The, um, as far as price action goes, I mean, as far as long-term, anything this short,
right, um, that's only been out since, it looks like, what, the, it's been out since
May, right?
Or, no, I'm sorry.
Um, yeah, since May.
Yeah, so it's probably like two, three weeks, but yeah.
Yeah, okay.
All right, all right.
The, um, I mean, you had a huge push, obviously, at IPO, uh, not, not unexpected, right?
So you could probably find some short-term levels in there, but even on the hourly, it
was all, uh, it looks like after hours, right?
Or no, I'm sorry, pre-market.
Um, yeah, it was all pre-market push.
So all, all I can use when I look at this, right, is on the hourly chart, looks like you
probably have support down around 27, 22.
Um, but yeah, there's not a lot of data here at this point.
It's, you either invested in the company or the ETF, I'm sorry, ETF, uh, because you
like it, right?
Uh, if you're looking for a dip, then I always look for like the, the prior lows, you know?
I mean, if you got to pull back down to like 25, 26 bucks, that'd obviously be a buy point.
But yeah, there's really not much to take from this.
I mean, if you're intraday trading it, then there are levels.
I mean, you know, 27, 22, uh, to 2750 is definitely, you know, a spot that I would look
to buy or at least attempt, right?
There's a decent risk to reward profile when you set it up there.
Um, you could see a pullback down to just a 27, even that's obviously it stands out.
You can see that before the pump on, uh, the, the IPO the day after the IPO, it looks like.
Um, and it was prior resistance.
So probably would act as support, although I'd, I'd be more likely to buy it a little bit
higher, but that's, that's about the only way that I see able to trade this.
So I just wanted to throw it out there before it got lost in conversation.
Perfect.
No, thank you.
I appreciate that.
I've got something I could add to that as well.
Um, it's by the way, is, is my microphone sounding okay?
I, uh, I had some AirPods that went through the wash last week.
I think they were, I was a bit quiet earlier on, but am I sounding?
The AirPods I'm using have been through the wash once as well.
So I can relate, but yes, you sound good.
Okay, cool.
Um, so this is more related to, uh, probably within crypto, uh, which is 24 hour markets
and very much, yeah, futures driven and everything.
Um, but something that I like with new assets that launch on there.
So if you have a new old coin that launches on a major exchange or something, um, an anchored
VWAP from the launch often gives a really good, once it has chance to mature and kind of find
a range, uh, if you start trending.
So in this case on chat, uh, if I just place a man could VWAP at the beginning of the chart.
So from, from the day that it launches, it's coming in around about that $27 mark, uh, which
also just conveniently enough takes out a couple of, of lows on the chart there.
So it's something that I, I don't know personally, if it will, uh, translate well to stocks, but
certainly on, uh, with crypto on new assets, it's something that I often look to, uh, is
yeah, wherever that VWAP's landing, uh, after you've had a trending move and you start to
pull back or you're, you're kind of dumping on open for, for a week or two and you start
to, to bounce into, uh, into some resistance.
That's, uh, something that I use quite often.
I definitely second that.
Yeah, real quick.
I just, just wanted to jump in real quick and say I had, um, I didn't want to interrupt
nobody, but I had got into Netflix about four or five minutes ago.
I got in at round four or five 23 and I had my stop at, let me see here four or three 55.
But if it hits my level around, it looks like it just touched the level I'm looking for at
four or seven 87.
I'm gonna go ahead and bump my stop up to four or six 70 and lock in some, um, profits and
just see what it go from there.
Yeah, I wanted to say I got into, uh, SPX calls again, uh, cause we are retesting that,
that 42, uh, 87 area.
So, um, looking, uh, looking for just a push back up to 42, 95 to 4,300, possibly we could
see a pullback down to, uh, like 42, 80, 42, 77 area.
But, um, you know, the way that the hour closed there, we did, we did hold the zone that I was
watching.
Um, and the queues are trying to push higher here.
So all eyes on that.
Um, you know, these are day trades, intraday scalps.
Uh, I mean, they'll, I'll let runners run, but, uh, I'm not going to hold, you know, for
a loser.
So just that little, uh, little, uh, NFA out there.
Right.
So, yeah, I'm just going to interrupt here.
Uh, I'm getting into some, uh, American airlines, AAL puts right now at, uh, 14 cents, uh, the
14.5 puts, uh, they're up to like 17 cents now.
I mean, they're, they're, they, uh, they're diving pretty hard right now.
Sorry, man.
Go ahead.
Oh, sorry.
I don't know if you guys heard me.
Yeah.
I'm in some American airlines puts right now for 14 and a half puts at 14 cents.
Yeah.
I actually like that.
Um, it looks like you got the 200 day down at what 14, 25, 26, it looks like.
So, um, you could see a drop off of that for sure.
I like that.
Two of that were brought to my attention are Walmart and, uh, Moderna.
So, uh, WMT and MRNA, uh, they had quite the pushup.
So could watch that for continuation or possibly, uh, a rejection here.
I do have Moderna coming up to a zone.
Uh, we'll have to see how it interacts with it.
Once it gets there.
Um, the, uh, Google is, uh, back up at the, the recent highs here off by a couple cents.
So this thing looks like it's going to explode higher.
Um, let's see if it can actually break and continue.
Uh, the other one is that Broadcom is looking like it probably, it may dip down to like
790.
I don't know if it'll go quite that low, but it did hold, uh, it did hold that 798.
So, um, I do expect more chop on that.
So if it pushes up above, uh, 800 again, probably 801, that's where I'll close out my, uh, the
puts, even though I have some longer dated ones.
Um, and I'll just look to reenter again up near 815, 814, 815.
I see Neely below if you want to come comments on any of these data sets that are coming out.
I know, was there, was there a thought on the, uh, on the PMI that was just, uh, just released?
I mean, it was, would it come in?
It came in under consensus I'm seeing, right?
The, uh, the ISM PMI came in at 50.3.
Looks like, I don't know.
I have consensus at 52.2.
I don't know if that was the actual forecast or not, but, um, and it is lower than the
previous at 51.9.
So yeah, love to hear Neely speak about it.
Uh, by the way, I just bumped my stop up on Netflix to 40689.
And, um, for everybody who haven't heard me speak, I go, I go long, never short.
I just trade equity.
You know, I'm just trading tickers.
But my, um, stop right now is at 40689.
I'm going to just let it ride.
Look like, look like we're getting a nice hammer candle too on Netflix right now.
So I'm going to just sit back, let this ride out.
I'm already locked in some profit as always not financial advice.
Go ahead and kick it back.
Who was just speaking.
I think it was traders retro.
Yeah, but let's hear Neely on the PMI.
Thanks, man.
I appreciate it.
So this morning we have three, what you'd call leading indicators, uh, in the macro.
And that is on the, um, PMI, ISM, and factory orders.
Factory orders I won't get into because it's basically a delayed report.
But the PMI and the ISM services and indices are out.
They're on a monthly basis and they're for the month of May.
Uh, both of them disappointed relative to expectations.
Um, digging in and I think folks are probably focusing a little bit more on the ISM.
Just to give you a real quick, uh, distinction, the SMP PMI, when that comes out versus the
ISM, they're basically kind of the same thing, but they're coming from two different people
and two different sets of industries on the SMP.
You're basically looking at like what CEOs and CFOs are setting the budget, kind of what
they're saying about things, those people.
And that whenever you see the ISM services, that's people who actually execute the budget,
like the buyers and the purchasers.
So you're getting like two different perspectives in the same sort of landscape.
Both were disappointing.
Um, on the ISM services, which is where folks are focusing, uh, out of their release this
morning, they indicated that they are seeing a pullback in the rate of growth in their services
sector.
Services is largely believed to be the better and the stronger side of our economy right now.
So this is not going to be viewed as a very positive thing as the markets are actually
reacting.
I believe last I looked, yeah, to this announcement.
So, uh, you know, not favorable.
It's a low data week overall for macro really kind of your next major data points going to
be their Carter report on Wednesday afternoon and then, uh, jobless claims on Thursday morning.
So in absence of like 4,200 Fed speakers, this is going to be probably carrying some wonderment,
uh, for a low data week.
There you go.
By the way, for that comment there, the Fed is in the blackout window right now, blackout
period, whatever we want to call it.
Basically, no Fed presidents will be speaking this week or next week before the FOMC meeting.
Neely always coming in with that, with that good data.
Like that's, that's really what matters is those are the exact, that's the, that you
guys need to listen to her.
She knows her stuff.
This factory orders are disgustingly low.
It's a reflection of the recession.
You know, the question we have as traders is, is that effectively priced in or not?
It's, it's really bad.
That 0.4 and 1.1 forecast is two times in a row.
We, we forecast growth of over 1% of factory orders and they're down.
I think Neely, do you think that hints at surplus and like basically the final, I'm going
to take some spy 425 puts at 16 cents, uh, just a lot of size.
Uh, but I, I like the, uh, move down here on spy.
So, uh, sorry to interrupt.
No, no problem.
You know, my thoughts are like new orders are down because, you know, obviously the final
end of the chain, they're not selling the goods to get that throughput because people
aren't buying the stuff because people are getting laid off.
People are finally starting to pinch their pennies now.
Yeah.
ISM basically confirmed exactly what you're seeing, Matt, you know, going into the release,
they indicated that the decrease is mostly related to, um, or rather the pullback is due
to decrease in employment as well as, um, they've been seeing some quote improvement
in delivery times, which is a very kind way of saying, uh, demand has been sluggish and
we can catch up.
So, um, yeah, no, it's, I think this is definitely a sign that things have been slowing and we've
kind of been seeing this like on the margin with small businesses and, you know, the sluice
report going back a while back.
I mean, it's, this is, uh, this is, this is not all systems go in our economy right now.
Matt, do you have any other thoughts there?
That maybe the increased delivery times, maybe drivers are driving faster.
I'm just kidding.
So those electric cars, I don't know.
I was about to say, maybe, maybe the Tesla's no, but seriously, I love it.
I think that's it.
It's no, it's basically tells me, you know, there's no surprise we're in recession.
It's, it's very obvious.
Those are traditional recession mechanics, employment down.
You know, obviously when you get fired, you don't really start to act like you're in
a recession.
Anybody ever been laid off during a recession?
I was in 2010.
Um, you know what it's like.
You still live your day like normal until you start to feel the burn two, three months
behind on your bills.
Then you start to pinch your pennies.
There's always a delayed effect once people get laid off.
So how much money they have saved up and when are they willing to change their lifestyle?
And in reality, when we've been seeing like the first time unemployment filings, which
is usually like when people first get laid off, we'd had waves of that.
But for about a year, people are going right back to work.
They'd walk down the street and get a job.
But the last maybe six months, it hasn't been the case.
You see the continual unemployment show that there's a sink of unemployed people that's
continuing to grow.
So it's like how long until the mass of that group is feeling the burn and no longer a spending
the money they have saved up or be not really credit worthy to get new loans, which obviously
dissimulates credit, which the whole thing the Fed was saying with credits is going to
we don't need to really do much to control that.
It's going to slow itself down because you lay people off.
Banks will banks will stop loaning you money if they see that you're likely not going to
be able to pay it back.
So all the things are slowing down as expected.
And this is pretty normal recession mechanic, I'd say.
And the idea is that does Wall Street care right now or do they care six months from now
when it's going to be more of a systemic problem?
So you still have like sectors where things are great, right?
And my question just in general for you guys is how bullish, because we always know how
markets go.
So bullish markets love to fly in the face of stupidity despite glaring obvious writing
on the wall.
And so how far is the market going to rally until the fundamentals effectively eventually
catch up?
We know they're going to catch up eventually.
But when is that?
And so everyone's target is like, how high do we go until we turn around?
And markets are primed for the very nasty short squeeze still.
So it's the general mechanic of you squeeze out all the shorts and let the market drop.
And I think we've still got a good bullish quarter ahead of us despite all this very,
very, very bad fundamental data.
It's very bad.
None of it looks good at all.
The only thing I'd add to, Matt, is I asked maybe, and this is a great group to ask this,
how many are self-employed on this call right now, right?
If you're self-employed, you're not paying in to the unemployment kind of pool, right,
to your state if you're doing that.
And so to your point, like people are like, oh, you know, jobless claims are like spiking
Are you really sure that things are going wrong?
I'm like, I think we have so many more self-employed people today versus where we were the last
time we've even seen cycles, even going back to 2019.
And you can see it in the jobs data overall.
And if you are self-employed, you are not going to be able to collect on unemployment.
You can't make an unemployment claim.
So I think there are some other components that are masked, you know, in some of the traditional
measures as we look at is it recession or is it not recession?
And when we look in hindsight, we're going to recalibrate and go, oh, that's why.
And in fact, even the thing that keeps haunting my curiosity over the weekend, looking at the
last NFP report, the jobs data last Friday, we had a ton of self-employed come out of the
matrix basically and go into unemployed, which means they didn't lose their job.
They went from self-employed to basically looking for a job and not yet finding one.
These are the things we need to watch for.
Yeah, I just want to jump in real quick.
I'm out of Netflix right now.
I had a good little run on Netflix.
If you go check out my timeline, I just posted exactly what I did on that Netflix run.
I am in Costco right now.
I got into Costco at, let me look right here.
I got in at 5, 16, 18.
And right now I'm moving up towards my first target I'm looking at on Costco is going to
be 5, 17, 25.
If I could hit that, then I'm going to bump my stop loss at up to 5, 15, 38.
So that's what I'm looking at right now.
I look like it's moving in the right direction.
I did.
I was about to get into a BBV, but I really didn't like how it looked.
So I just chilled on that one and jumped in this Costco play.
Yep.
Good stuff.
And AMD just caught a ripper.
But yeah, Neely, that was great stuff.
Thanks, guys.
Good luck today.
I'm going to pop back into work.
Sounds good.
Thank you, Neely.
All right.
Go for it, Tom.
I have a few things, but I don't know if we went over this with the Fed.
Just kind of interesting.
This did happen last month as well.
But about two weeks ago, the market was looking at no hike.
Then about five days ago, looking at a 25 BPS and probability was at like 75-ish.
And then now, actually, on today's open, we've seen that reverse again to back to zero interest rate hike at 70%.
So we're seeing a crazy amount of volatility or indecision in the market on what the Fed is going to do in nine days here.
That's pretty interesting.
And I wonder if that's related to what we're seeing going on with the Dixie right now.
Let me get back to my chart, opening with this pretty gnarly candle.
What do you guys think?
Anybody got any thoughts on that?
It wasn't something I was watching too closely at the moment, but happy to take any thoughts from the panel on it.
Not hearing any just yet.
We might have to circle back around on that one.
I just want to say what Neely said was very eye-opening because I didn't even think about that.
How many people were self-employed people now out there actually looking for jobs?
Because smaller businesses or LLCs and self-proprietorships are failing as well.
That's something I hadn't even thought of.
And that's really hard to see in the data.
So it's interesting.
So it was a very good point.
Costco did move in the direction I wanted to move in.
It did hit both of my targets I was looking at.
And it just hit my third target I was looking at at 517.94.
So now I'm about to bump my stop loss up to 517.24 and lock in some profits and just let it ride from there.
But it's looking real good.
It looks like it's moving in the right direction.
So, yep, this is my second trade today.
So far, so good on this Monday.
Hey, you saw all good insight from all the speakers up here this morning.
I've been listening and taking some notes.
Hey, y'all doing a great job.
Everybody in the audience, man, make sure y'all giving all the speakers a follow and checking everybody out up here on the panel.
So I appreciate it.
Yeah, I appreciate it.
I'm looking at, just in general, the index does look like it's going to take another leg down for pulls back up.
I think we're going to close between 427 and 428 on SPY today.
Not going to sell off really hard, but it looks like it's going to lose a little bit of steam.
And I might just grab a scalp at 427 long just for about 10 points or 1 point on SPY.
And then, you know, hopefully, as long as we don't find two lower lows, they have that DD number in Rockets here.
93% of the market cap is still fluxing to the bull side.
So there's not really a lot of bearishness today.
We might relax a little bit, but I'm still buying dips.
All signs look good even after this report came out.
But if I don't grab anything aggressively today, I'm going to get in and get out as a scalp.
This is probably going to be a day that doesn't close at highs.
It might be a red day today.
So I might just scalp some longs on the way down, and that's about it.
But I'm not going to really short it because I don't really see a lot of mechanic risk falling much further below 427.
But keep an eye on the Russell.
Obviously, that's where all the selling pressure is coming today.
I'm off of that report.
Yeah, I wanted to β glad you just brought that up.
I was looking at the Russell here, the RTY.
I do have 1790 to 1793 as a possible β that's on the futures β possible support here.
So we'll see if it comes down and touches that, but definitely some pretty heavy selling.
I mean, it broke that 1820 level, which has been pretty key for a while.
It came back down underneath it, obviously.
And then right on cue, we saw, obviously, a push lower.
So, yeah, watching that β I mean, obviously, 1800 is a level, but we do see these dip, you know, through these psychological levels, you know, by 5 to 10 points.
A lot of times we see that on SPX quite a bit, you know, ES, whatever.
So I am watching the NASDAQ.
We did get a bearish hourly close on the NQ futures.
That was under 14603 is what I have.
So you could just say 146.
So it is trying to push higher here.
More than likely, we're going to have to β we're going to have to kind of wait.
You know, this is that β similar morning price action that we saw, I feel like, you know, not over the last couple weeks, but similar to what you were just saying, I guess, you know, that it's kind of a flat day.
I do think Apple will potentially change that as we move into the afternoon, though.
So I just want to put that out there.
You know, having patience today is perfectly fine.
You know, end of days have been β but, you know, you go back like four weeks, and we had some really big afternoons, right?
Like the morning would kind of shake out, and then we had some really nice trend through β follow through, you know, end of day pushes or drops, right, each direction.
I mean, it basically was the β it was the strategy to play there for a while.
So the last couple weeks changed that a little bit, right?
So we'll have to see if we're moving back into that because we did have such a large day to the upside.
I still think the Russell is the key, though, right?
Like if small caps can't follow through, that's going to be a big issue.
I mean, not that tech can't continue to trend up, but as far as overall market health, you need to see Russell really stay above 1,800 and, you know, and preferably over like 1,850.
So I just wanted to throw that out there, man.
You reminded me of the Russells just staring at it on one of the screens.
So I appreciate that.
Yeah, no problem.
It looks like we're starting to get another push down.
I think it's consolidating in the NASDAQ.
It's found a couple of red candles last five minutes or so.
NASDAQ's still trying to push.
I think Russell's a very telltale sign.
We just crossed a threshold in Russell on our end that we call the market irrational from this point.
Not that the Russell really has a lot of power to drag everything down.
Typically, the S&P, you know, stays the fort despite the Russell.
It has been all year.
But Russell at about 1,800, 1,801, give or take, is a key threshold where you'll find some instability and volatility can come back.
So just keep an eyeball on that 1,801 level on our TY futures today.
It's a front-month-to-chain contract.
And I appreciate you bringing that up, too, because that's something β anybody trading β I know I heard this morning someone said Dow as well.
Whenever you're trading, you should maintain visibility on the S&P and the Russell at all times.
NASDAQ is kind of a novelty.
This tech is the hot topic.
But at least the S&P and Russell show diversified baskets of, you know, big and small-cap stocks.
So you really get to see Wall Street's appetite for stocks in general by always monitoring this, too.
So if you're looking at any stock, anything you trade, make sure you always just have, you know, side charts where you're watching this, too.
Because it β as you see, it very clearly tells the picture.
People are more comfortable buying stable blue chips than they are with skewer, smaller caps.
So it doesn't really show β it just kind of shows what people's appetite is, right?
So you kind of feel out the market a little better.
But, yeah, visibility on the Russell just is always such an important thing.
So I'm glad you watch it.
No, for sure, man.
I do want to point out, too, if you look at NQ on the five-minute, we do have a flag forming.
I'm less of a pattern trader than I am price action.
But, you know, I don't ignore when we do have patterns like this pop up, especially on the smaller time frames.
So I am watching that.
We are settled right in between that $14,603 to $14,620 area.
That is the hourly supply that I was watching.
We did get a close underneath that previously.
So, I mean, take it with a grain of salt.
You know, it is kind of β I'm getting mixed signals from this.
SPX, right, did pull β so $42,80 to $42,77 is the weekly zone that I've kind of watched.
It's the top of the zone, right?
We did get the close over it last week, which was, you know, pretty key tell.
So I am β I tend to β I've been more bearish just macro sense, but we do trade price action through the day.
So it's like, you know, whatever comes, comes.
So I'm happy to ride these things up.
But seeing some of these weekly closes, I do β I put out a couple tweets on this, just how important this week and obviously going into next week are going to be for follow-through going into the summer.
I think we are potentially setting up for more upside, unless that's given back, right?
Like, if we see kind of the blow-off top type signal on the weekly, again, this week, you know, that could be β that would change my mind on that.
I think β you know, I'm not saying it will crash, like, new lows or any bullshit like that.
But just, you know, we want to be cautious up here.
But I do think we're going to get a good signal this weekend and going into next with the Fed, obviously.
So anyways, intraday, watch that NQ.
Look at the flag formation on the five-minute, in my opinion.
You know, if we can β if we break back below pretty much 14,590 is what I'm looking at, 14,588, something like that on the NQ.
If we do get below that, I think we will retrace.
But if that doesn't happen, you know, we'll probably see SPX continue to hold above, like, the 4280.
And that is a potential spot to lift off.
I know a few people have gotten inputs.
I don't blame you on that.
You know, but that's just kind of what I'm watching here.
So if we break to the downside, it's going to be a good signal, in my opinion.
Perfect.
Hey, guys, just a couple of quick notes.
We do have some more traders that are going to be coming up with us for this next hour.
We do a nice little segment with King Cap.
People that are on stage, you're welcome to stay on.
If I do need an extra spot, I will let you know.
And I'll just kind of move to have that spot opened.
Or I'll just kind of move people around.
But definitely, it's always been a pleasure having everybody up here this morning.
So I wanted to give a big thank you.
Paul, you got a quick comment?
Yeah, I got to head off here.
But yeah, the SPY puts, the American Airlines puts, I'll send her some Tesla puts.
I'm keeping a tight stop on them.
I mean, like Matt was saying, the market's kind of irrational.
I don't love the price action.
So just keep your sizing small if the market is not setting up how you normally like it.
But yeah, I'm going to keep a tight stop on these.
And I'll probably get out of them soon.
But I still like the market for a downside here on SPY, American Airlines, and Tesla.
So thanks to all the speakers.
Thanks to everyone in the audience.
We had a lot of fun today.
Definitely was a fun morning.
All right, perfect.
Thank you, Paul.
And then also, last call.
If you haven't already participated in the competition, we're giving away $100 to someone
who makes a guess as to where Apple will close today.
You do have to go ahead, I think, and get your guess in pretty soon in order to qualify.
Links on the top of the space as well as commented in the spaces chat.
And while you're there, drop some predictions.
We'd love to see more of you getting involved.
We do $1,500 of prizes minimum every month.
Plus, we do extra $100 giveaways here and there, like the one that is pinned to the top
of the space.
So a nice little way.
And there's never any cost to retail.
It is all completely free to participate in.
All right, with that being said, we do have our friends from CaneCap who have joined us
on stage.
So we're going to roll right in with them, get some of their thoughts on the market, how
they've been trading.
We'll get some stuff pinned to the top of the space.
There we go.
Alejandro's getting quick with it.
And I think we're ready to go with it.
So Alejandro, you want to lead us off here a little bit of what you've been up to?
What's going on, Wolf?
Good morning and happy Monday, everybody.
Fresh week of trading, excited and ready to go.
So it feels like every time we do our Monday space, it's kind of a similar theme.
The market has just got done rallying and I come on and I say, you know, things are going
to be choppy and it's going to be important to be selective and not overtrade.
And starting to feel like deja vu, but same exact story.
Obviously, we had a really strong rally Thursday, Friday.
So this morning, as far as trading for me goes, I finally exited at 42.91.
My long that I entered on Thursday at 41.91.
So 100 points in profit and I finally closed up that long and now expecting there's kind
of two things that are going to need to happen in order for us to because, you know, right
now we're obviously overbought in order for ES to cool down and digest this move.
Number one is going to be a pullback and or number two is going to be we chop around for
a decent bit of time.
And so far, or the theme as of late has been Monday through Wednesday, tricky trading conditions
and then Thursday, Friday, things get a little bit smoother and we've been getting those rallies.
So again, back to being on the sidelines for me after getting along on Thursday and managing
runners through the entire rally.
So really happy to have caught that move.
Um, but now it's just about being patient, picking spots.
Um, we are getting, uh, so I guess we'll, we'll, we'll come back to me.
We'll let, we'll let the other guys talk and then, uh, we can do some more talk about,
uh, ES levels and stuff that I'm seeing.
Okay.
Sounds good.
Noah, go for it.
Hey there, Wolf.
What's going on?
Thanks again for having us on.
Everybody had a great weekend.
And I think Alejandro, um, hit the nail on the head, how, you know, it's been sort of
the cycle, um, that we've seen over the past couple of weeks where, you know, Monday, Tuesday
is a bit of chop.
And then we get, um, the true direction towards the end of the week, which, you know, has been
I mean, what was it like six, I guess, green closes in a row for, um, the NASDAQ.
And so we've been getting those like late week, um, rallies on the back of news last week.
It was, you know, uh, P or, um, um, things like that.
And so that's exactly, you know, sort of what I'm looking for again this week.
Um, Monday price action so far has been, um, a bit choppy.
We had that initial just explosive rally right out of the gate, um, before pulling back.
And so we'll have to see, um, where we trade today, but I think that it'll set up sort of
the stage, uh, for the rest of the week.
But, um, I do agree with Alejandro.
That is kind of what I'm expecting, um, to get again from the market this week.
Um, sort of that Monday, Tuesday chop, and then maybe pick a direction, you know, Wednesday,
Thursday, um, and get some sort of, uh, nice trend that we can, that we can trade.
We also do have, um, um, the FOMC meeting next week.
So, you know, trading, um, you know, before those big news events can sometimes lend itself
to, um, some chops.
So we want to watch out for that.
But, um, outside of that, I think that we should have, um, a pretty decent week of, uh,
trading here.
So looking forward to, uh, getting after it.
Perfect.
Thank you, Noah.
We'll circle back around as well.
Um, by the way, as everyone's hearing, all the guys I'm calling on right now are cane cap
guys.
They all trade together in the same discord.
I've got the link to it pinned to the top of the space.
It's so easy to go ahead and check out, um, if you're looking for a place and they all
do a lot of voice and stuff together.
We have fun.
They, they come on every single week.
We have a good space with them.
We have a good chat and you get to kind of see everything that they're doing.
Traders retreat.
You got a comment?
Uh, yeah, actually just a side, side note here.
Uh, the ticker AI, which, uh, I know is, you know, a lot of people have views on that.
It's a penny stock total price action related.
Um, it did hold a retest.
We got a, we had a push last week where, um, it tried to get above the weekly supply.
Basically a 34, 25 was the, uh, the top of that zone.
Um, but we did pull back down.
We held 31 level, which is the bottom of that zone.
So I actually just put out a tweet that, um, I am in commons of that, uh, just shares
right now.
Um, if we do get a pullback closer to 31, I will look to enter some, uh, some calls
on it, but I'm actually targeting back up to 44 on that.
So I just wanted to throw that out there.
Uh, we also just, as I'm speaking, broke that, uh, that, that, uh, flag pattern on NQ.
So to the upside, keep eyes on that.
I do like to see a five minute close normally, uh, before entering a trade, because I do think
we will see a retest if we do get the close above.
Um, but that just happened as I'm talking.
So I wanted to point that out.
We wicked up through it.
So let's see where we close here in a couple of minutes.
Okay.
Sounds good.
All right.
We're going to go around and hit some more of the cane cap team that you can hear from
and again, while I'm talking with them, definitely make sure you are checking out that post on
top of the space, but let's go over to Mander.
Mander, we had some macro news this morning.
We've got a roaring market, Apple, new all-time highs.
Walk me through how you've been approaching it.
Yeah.
Morning.
Um, you guys already hearing through my mic here or you can't tell.
Yeah.
Okay, cool.
It never picks up here initially.
Um, yeah, good morning.
Interesting news, especially going back to last week.
I think the, the big driver was the NFP and unemployment rate last Friday.
Um, but I, I think the trade still remains the same that I come in and say every week.
I think it's the long tech trade.
Uh, I was actually watching small caps too, that looked like they were catching fire last week.
And then a really, um, unexpected reversal, at least for me, if you guys watch IWM at all,
the, uh, the 180-50 level was one of the big levels I was watching to see on the daily chart get a breakout,
which it did on Friday.
So I thought this was going to come into this week as we saw some rotation out of kind of these overbought tech names, um, as Q's cooled off.
I thought we'd see some rotation into small caps, but a really interesting reversal here to start the week.
So I'll be having my eyes there.
I think, um, as Alejandro noted, as some of the guys noted, I mean, we had a hundred point rally in SPX, QQQ,
just insane strength through tech, really posting the video earnings.
Um, I think, you know, we definitely be warranted for a cool off here in tech,
but obviously as profits are taken somewhere, they're going to be allocated elsewhere.
And so I was looking for some rotation to some of these beaten up small caps moving forward,
at least for the next, you know, week, two weeks.
So I will be having my eyes there.
We'll see if this initial, um, kind of dump to start the week gets a reversal in IWM.
I mean, looking at some of those, um, higher beta, lower, um, lower market cap names moving forward here for this week.
But besides that eyes on Tesla, um, I think I mentioned that last week, Tesla,
I was watching on that daily pattern breakout with the, the monthly map on rocket scooter that I tweeted a few times,
really, really bullish setup in Tesla.
So I had some June monthly swings.
I think we're sitting up a little over 150% on those right now on the two 20 calls.
Um, and then Apple, as you mentioned into all time high.
So I think that's kind of leading this resilient strength in queues versus IWM and, and spy.
So I'll be watching that if the rest of tech gets a move following Apple here.
Okay.
Nice little run down there.
Any other major catalysts you're watching over the next week before you get to CPI and FOMC?
Um, really just all eyes on FOMC.
I got to take a look again at the data this week, but besides this morning, we had services, PMI service,
employment, and factory orders month over month, um, jobless claims every Thursday.
Obviously, I don't think there's much of a, uh, big driver this week going into next week.
So I think it's, it's probably going to be a little bit rougher seas.
Um, obviously the markets are data driven.
And so I think when we have a week like this, it's, it's good to expect that we're not going
to have price action.
Like we saw last week, most likely, especially leading into the meeting next week.
So that's kind of where my eyes would be at.
I think it's just going to be, um, a little bit of rotation this week, leading into the
meeting next week.
And then obviously all eyes on Powell and crew.
Yeah.
Even outside of, um, of FOMC, I mean, next week it just has a ridiculous amount of news.
We don't really, Mender, um, you know, we only have anything this week outside of balance
of trade on Wednesday, um, as far as like high impact news.
And then next week we'll get, um, CPI, PPI, FOMC, retail sales, UMISH on Friday.
So it should definitely be a busier week as far as news goes, uh, next week.
AJ, what's up?
Yeah, AJ.
Yeah, what's going on guys?
Um, I agree with money, but I've been starting rotations into Dow names and IWM names.
Um, been saying this for a while.
Disney, Cat, BA, Honeywell are my top four rotational names that I've been adding slowly
Um, IWM has had that strength come back from KRE, has finally decided to hold its ground.
Um, I do see a rotation building there.
I do agree with the tech sentiment.
I know Matt does too.
It still has some legs to go in, in, in mid cap.
What I mean by that is, uh, when I look at QQQE, which is equal weighted, uh, it's showing
year to date highs.
So it's not just a, you know, the name four or big four that have been running all the
time.
They're starting to get some other strength.
Obviously Apple being where it's at today does help.
Um, but obviously if it expands to that mid and, and smaller cap tech names, that, that
can help AMD and all those AI names still show weakness.
Uh, so it's kind of in no man's land today, but, um, you know, next week is data.
So I think this week I'm, I'm heavy on spreads selling for data because we're, we're low on
news.
We're low.
We have no feds, uh, no news, big news events, pre-market really.
Uh, so I'm swinging a lot of condors, um, and just collecting the theta burn on both
sides.
Uh, so it's a good strategy, I think, to deploy this week, uh, when you're, when you're going
to probably have a, uh, pretty muted reactions in both ways.
So that's just kind of my approach for this week, really.
That's kind of what I'm doing.
Okay.
Got it.
Thank you, AJ.
Uh, real quick, I wanted to bring in Ramsey actually to share some of your strategy
lately.
Good morning, Wolf.
Thanks for having me again.
Yeah.
I mean, I feel like for the basic sentiment, um, the rest of the guys touched it pretty
well.
Don't want to sound too much like a broken record, but, uh, lately my eyes have, and
what's really been piquing my interest.
I've had all eyes on, on Google, um, last week, thanks to us and rocket scooter as well.
Some added conviction.
We had the, uh, one 22 five was a big hedge pressure level all of last week.
And if you pull up the five minute, um, I'm pretty sure, I mean, you can see that, that
level holding strong, but really the 30 minute dating back to, um, for really about like two
and a half weeks to the middle to later stages of may that one 22 five was holding really
well.
So last Wednesday, um, I took, I'm not in the position anymore because there are weeklies,
but I took the weekly, uh, one 23 calls, um, on Google looking for a push back up to daily
supply, um, demand flip to supply from back all the way back, like January, April of 2022.
Um, if you flip the chart, you can see that one 26 really one 25 to one 26 five one 27 was
a super, um, hard demand level to crack.
And then eventually as we cracked through that level back to over back in, uh, late April
of 22, we haven't come back to test that one 26 area since, um, right about now, um, the
last week and a half, two weeks.
So luckily, uh, we got that push on Friday on Google and those swings print for like 150
percent, $3 in the money, the one 23 calls.
I posted a chart this morning.
I was posting all last week.
If you go through my feed on Google, um, those ideas and sentiment.
And right now today we made basically made a new 52 week high, uh, pushed up to one 27,
but that immediately rejected that area that, that supply zone that I'm talking about.
Is, uh, still really much intact, but I'm looking for, um, some upside confirmation continuation
through that level.
Um, right now we're basically at, uh, that major supply.
So I'm not going to go long on Google, but I'm going to try to feel things out.
Uh, the stock is up.
What do I do the math right here?
Um, about 6% in the last.
Week and a half.
So, um, I'm going to let it cool off a little bit as we're, we're testing the upper range
of this, of this supply, but I'd love to see Google crack through, um, one 27, five hold
for an extended period of time and then make, make its way back to, you know, the one 30,
one 35 area.
Uh, there is a large, a pretty nice, decent size gap to be filled, uh, on the daily up at
one 33, three.
So that would kind of be like an upside target.
And then another one, um, a little bit above that at one 40 59, which was our, uh, April
highs of 2022.
So that was really kind of the upside targets I'm looking for, but, um, Hey Ramsey, sorry
to, sorry to interrupt you.
I think Snipes just alerted a trade.
I don't know why I can't get him up here.
Oh, let me, let me bring him up.
I was trying to bring him up earlier.
I just didn't see him coming.
Uh, James, I'm going to drop you down if that's cool.
Uh, just to make room for that's cool.
Go ahead.
Thanks bro.
Appreciate you being on.
Yeah.
So you can keep going, uh, Ramsey, I'll, I'll get Snipes up here.
Yeah.
I mean, that was basically all that I was saying, looking for some upside, just give
my upside targets and thoughts on Google.
And that's really all that I have for right now.
Okay.
Perfect.
I did get Snipes up here.
Snipes.
Can you hear us?
Yeah.
Can you hear me?
Yep.
We got you.
Still showing me not as a speaker.
It's pretty weird.
Um, I took a starter on the spy four 28 call at $1 and four cents.
We just had a little pop a second ago.
It went all the way up to one 24.
Wait, I'm sorry.
If I said one of four, I said one of three was my actual entry.
Excuse me.
Um, overall, I'm looking at that four 28 36 micro level, and we have some pretty nice
momentum breaking above there.
Um, I'm targeting to see this come towards that four 28 85 level there.
I would look to trim half of my contracts, but, um, overall, that's what I'm looking at
right now.
It does look like we have a pretty nice uptrend and a nice curve on the one minute right
now.
Very nice.
Very nice.
Yeah.
Traders retreat.
Yeah.
Just, uh, we got that five minute close over the, uh, the pattern break on NQ we were talking
about.
So, um, it's the SPX.
I'm still in those 4,300 calls, uh, added below a little bit.
Didn't want to interrupt what people were talking, but, um, you know, Apple, I was one, a couple
of things.
Uh, Walmart is one that I'm looking at calls.
Uh, we're holding the one 50 level.
So I'm actually targeting like one 53 on that.
Um, you know, it's potentially risky, although we did make it over the 50 day, which was one
49 41 is what I have.
Uh, so I just wanted to point that out.
Uh, the other thing with Apple, as far as targets go, a lot of people ask these questions,
right.
And you can use FIB extensions.
Obviously that's a pretty well known, uh, to the upside cause we are into all time highs.
Um, so we're into price discovery, but the other thing that you can use are the, uh, the,
the weekly expected move, which is found on the options chain.
Um, you do need to get it over the weekend, but the, the first deviation up is one 86 76.
And the second deviation of that expected move would put us up to one 92 57.
And I think if we do get a bullish reaction to Apple, um, you know, those are some pretty
good targets because it is, that's how market makers position themselves, right.
Uh, that's how they build their spreads around.
It's based off the volatility of the week's options chain.
Um, you know, for that individual ticker, every ticker has an expected move for the week.
Um, so that's something I wanted to throw out.
I know that was kind of a discussion a lot earlier ago.
Uh, so, uh, it maybe is a little out of date, but we do have the event coming up.
So, you know, again, one, one 86 76 is the move upwards.
The expected move was like $5 and change, I believe for the week.
Um, now, obviously that, I mean, it's, you know, it's big for Apple, but I'm a little
surprised it wasn't bigger.
So with, with the event, um, you can also do that to the downside if you're bearish
right now, obviously there are support levels, uh, you know, there's some demand below
us, but, you know, using, you know, looking at the weekly, uh,
the weekly expected move, especially two deviations out, which is literally just the
expected move added on to the first deviation, right.
In whatever direction you're going, it's a plus minus, uh, equation.
So, um, you know, those are good levels because normally you're going to find support and
resistance at them.
So that's all I wanted to throw out there that, that in the Walmart, cause Walmart is
holding, I'm going to put a tweet out.
I haven't tweeted it yet, but, uh, check that out if you guys are interested.
And I appreciate all the speakers here.
I love the, uh, the knowledge that's on here.
So I know we just rotated through, but, um, I'm liking what I hear on both this morning
and, uh, and now, so appreciate everything.
For sure.
For sure.
Well, if you haven't been on one of our spaces with King cap, definitely in for a treat.
Uh, Alejandro, Noah, Ramsey, Stocksniper, Mander, and there's more to the team as well
that does come and join us.
Um, I'll actually say this real quick and then we'll keep rolling around the panel for those
that want to check it out.
Who doesn't love a good free trial?
They do have a full on seven day free trial.
I got it pinned to the top of this space.
You can check it out.
And the favorite thing is you can listen to all of them on voice.
It's not just like one person.
They have different voice channels you can plug into for different styles of trading.
I find that super helpful.
You get the lead up to the trade, the prep, what they're looking at, the execution, the
profit taking, uh, if you have to cut, you know, when you're getting cut, right?
You're not just like waiting for a text to come in.
So that's why I deal with them.
And obviously they have their heads on straight and they've got a lot of different
people in different areas, making smart calls.
So I'm really happy about it.
Uh, before I do go over to a couple of the others that came up on stage tonight, but let
me check back with you one time.
Any other stocks on watch outside of that other trade?
Um, can you hear me all right?
I just want to confirm.
Um, to be honest, just about everything I trade, I would say about 95% or so is by,
but who can not have Apple on top watch today, you know, after seeing an all time high,
um, that was pretty awesome to see.
So yeah, I do have an eye on Apple right there.
I want to see how Apple behaves.
You know, I want to see if Apple could stay up here.
I really do like see spying trade up here in this range, especially a new range that
we haven't seen in a while.
We're definitely pushing through these 420s.
I really want to see spy break that 430 level and sit up there.
Um, my opinion, the stock trading is just a little bit more exciting up there, but yeah,
overall my, my top watch, I would say, or everything that I'm really looking at is Apple
to see that behavior there.
And of course, as you guys typically know, the spy.
All right.
Good stuff.
Okay.
Uh, if there's any more, well, Alejandro, let me circle back to you once more.
Any, any other pieces standing out right off the bat?
And then I did invite two other people that I can stop by with, see if they have any thoughts
on the market as well.
Hang on right, right before you start.
I'm sorry.
Sorry.
Sorry to cut you off on to, um, I just collected some spy contracts just now, literally a second,
like four seconds to go or so at $1 and 25 cents.
We hit our four 28 83 target.
Um, looking to see some more go.
Nice trade slimes.
Great entry.
Good stuff, man.
Um, okay.
So I put in the, uh, the comments or, uh, I replied with a chart, uh, kind of just zooming
out the two most, uh, important support levels that we have coming into this week.
So bulls are in full, in full control above 40 to 40.
That was the recent, uh, double top.
And we cracked that and broke out, uh, then back tested, uh, when we got that NFP candle
on Friday morning.
And that's what set off day two of the rally.
So that's, uh, that's obviously a major level, but also, uh, if you take a look at the chart
that I sent, there's this giant megaphone, uh, in ES and, uh, it's dating back.
To, uh, early April, uh, late March.
So a multi-month, um, set up here and we finally got a break over that upper trend line.
And what we're seeing today is that we're sort of basing above it and just holding.
So, um, if interested in playing any shorts, uh, you would want to see 42 80, which is where
that trend line is lining up with currently, uh, tomorrow, uh, you know, if we're still
trading in this same area, it would be a few points higher, et cetera.
Uh, but if you are interested in playing, uh, a dip, shorting a dip down, um, you would
want to see that 42 80 break.
Uh, it's already been heavily tested.
It got tested three times in the overnight session, but held.
Um, so that's, uh, that's an important level there.
And then below that I have 42 74 and 42, um, 62.
Uh, but in general, I think it's important to be able to create a thesis where you can determine
are bears in control or are bulls in control?
Because if you come into the day, um, in my opinion, I think it's important to have, uh,
not like a bias, but kind of a broader idea of where things are more likely to head and,
uh, you know, develop your thesis.
That way you can, uh, look for setups that are going to be in favor of that broader market
trend.
Um, so for example, coming into this week, if I know that bulls are in control above this
42 40, what I'm going to do is even if we start trading lower, even if we crack 40 to
80, which could be a, you know, potentially a good short, I'm not going to be interested
in taking that short.
I'm going to be looking for spots where I can add on dips, or I'm going to be watching
for false breakdowns where we break down below a key level of support and reclaim.
Uh, because I know that as long as we're trading above that 40 to 40, that recent breakout,
uh, it's more likely for bulls to have a shot to work, uh, price back up, even if we dip
and, uh, and chop around.
Um, and it's also important to limit yourself, especially coming into this week where I can
determine, okay, after a hundred point rally, my thesis is that we're likely going to eat
to, as I mentioned earlier, we're either going to need to one pull back or to chop around
for a while, um, in order for, for price to reset and for ES to digest this move.
And so what I can do is I can look for, uh, those traps and I can play those traps.
So that's just basically false breakouts and false breakdowns.
And that's kind of what defines choppy price action is you'll kind of, you'll stick between,
uh, one, two, or three levels, uh, on the day.
So far today we're, we're trapped between my 42 80 and, uh, 43 05.
And along the way, you'll just have traps on either side.
So you'll have what looks to be a breakout.
You'll have, what looks to be a breakdown in the way that you can really survive.
Trading the chop is just trading those, uh, those false breakdowns and false breakouts.
And you have to be prepared for that because coming off of Thursday, Friday rally, when,
uh, chasers or people who were chasing were rewarded and, you know, everything was going
higher and, you know, it was a lot of fun to trade on the other side of that.
And what we've learned is there's going to be days, if not sometimes literally weeks of
consolidation where things get really tough.
So you have to be prepared just to trade, um, in the chop.
Got it.
Definitely makes sense.
Thank you for the rundown there, Alejandro.
Matt, you got any quick thoughts on that?
No, I love it.
I absolutely love it.
You hit the nail on the head.
Perfect.
Okay.
Uh, let's get a couple of other comments in here.
Falco, you got any thoughts you want to share?
Um, yeah, overall really liked the price action from Friday.
I like to see the rally broadening out a little bit with IWM and the Dow, as some others have
mentioned, uh, looking for that rotation, uh, this week.
So that way we get some more breadth in this rally.
Um, I exited the Dow on a, on a quick swing trade just overnight last week, but if we retrace
probably like 50% of Friday's candle, I'll look to get back in a little bit of DIA, um,
in anticipation of that rotation.
Uh, Apple, I did sell a covered call on just a few minutes ago up at 200 for regular July.
It's nothing crazy premium wise, but you know, if I get called away at 200, which would be
over 3 trillion in market cap, I'm cool with that.
I just ran a, uh, Fib extension for a target and that's right at the one 618, uh, Fib extension.
So that would be a good target.
Uh, I've talked about Google quite a bit.
I like this breakout.
That's my largest position.
And I think it was Ramsey mentioned that open gap on the daily up at 133.
I think that's a good target for a trim on Google.
Obviously this is my longer term account.
So I'm willing to let it run for quite a while, but, uh, nice to see that breaking out.
And then PLTR continuing to hold that one.
I do have some covered calls.
It's pretty cheap.
So you can have a lot of shares on this, but I got covered calls for regular June at 16,
18, 20.
They've opened up more strikes.
If I can get 1%, I've got like 21 or 22.
I'll sell a few more covered calls on some shares there.
And if I get called away, great.
But that thing is, uh, definitely just ripping to the upside with some of this AI stuff.
And then just overall for the market, I do expect there to be a little bit of a continued
squeeze into OpEx as a lot of the people that were loading up on puts for June, those obviously
get sold by market makers and institutions.
And in order to hedge that they sell shares short as those puts are getting closer to expiring
worth this, uh, they're going to cover a lot of those shares that are short to hedge those,
uh, those short puts that they sold.
And so I would expect, um, there to be some continued flow from that standpoint, but overall,
I think things look pretty good.
And I, not that I'm shorting the queues or anything, but I would like to see some rotation
into some more IWM and, uh, DIA, uh, stocks and, you know, things like Schwab actually looks
kind of decent, um, KRE.
I don't really love how much it's retracing today, but I still have that position from
that capitulatory low and, uh, looking to see if we can get up into like 43, probably
like 43, 15 or so before I start trimming that KRE position.
So no day trades for me at the moment, uh, but that's what I have going on.
Sounds good.
Thank you, Falco and Austin.
You got any thoughts you want to throw into the mix here?
Yeah.
Can you hear me?
Yep.
Hey, uh, so this might sound weird.
I actually just shared it in the nest under this, uh, this space.
Um, you know, a lot of talk about AI, generative AI, chat, GBT, Google, Baird and all their
products.
Um, I'm, I'm long Google and Amazon, uh, you know, kind of related to AI.
I think they're going to benefit from just massive tailwinds in the industry and, uh, stocks,
I think fundamentally are, are not overvalued compared to some other, you know, AI more hyped
up AI related companies.
Um, but what I just shared in the nest up top of this space is Google's free learning
journey for generative AI.
Um, a couple of reasons, right?
Like not trading and investing related necessarily.
I think that this is like a skillset and things you can do, whether you're an investor, you're
a professional, you're an entrepreneur, whatever, uh, that that's going to pay huge dividends.
Um, from an investing standpoint, I think it's great exposure to the industry.
And then for, you know, Google out slash alphabet specifically, we're seeing them now really,
really get some momentum here, um, in terms of, uh, you know, the Google IO event, they've
come out with this there.
It's all over LinkedIn.
Like, you know, Google's not going to be disrupted or alphabet's not going to be disrupted by,
by chat, GPT.
Um, so anyways, that's actually my focus this week is I, I'm actually going to go through
and do this course.
Uh, I just wanted to share that for anybody interested.
It's, it's a hundred percent free and it's from Google.
Very cool, man.
Appreciate the rundown there.
Okay.
Let's pull back to the market for a second here.
Uh, Noah, walk me through, you know, a lot of these tech stocks at all time highs.
Is this just purely a trader's market because you're in and out so often, you know, versus
like just trying not to get too extended with anything.
I think, um, I think that there are a lot of opportunities, even, um, even with these
names so elevated.
And I know that, you know, if you're somebody who actually pays attention to the macro environment
and, you know, cares about where valuations are.
I think that, um, if, if that's the type of person that you are and you're also a trader,
sometimes it can be difficult, um, to, you know, sort of discern the two, right?
You have NVIDIA with the highest PE multiple literally ever in the history of, of, um, of
large cap, I believe.
And, um, you know, but it still presents some decent, um, upside opportunities, right?
Even now with it, um, up at all time highs.
So I think the, the, the most difficult thing and something, you know, me is still a fairly
new and developing trader.
I've only been doing this for five years.
Um, it's still something that I struggle with, right.
Is like sort of trying to just draw that line between, okay, this is something that is elevated
beyond the point where I would want to add it necessarily to a long-term portfolio, a
long-term hold, but that doesn't mean that, you know, from a momentum standpoint that I
can't, you know, buy calls on, on dips.
Right.
And so I think just trying to discern that, and again, he's definitely easier said than done,
but trying to draw that line, um, you know, for people who, who do care about sort of
that longer term picture and where stocks are, you know, relative to their historical
valuation and things like that.
Um, that's something that's, that's going to be really important.
I think as we go into the summer, as, as we continue to sort of, um, see some upside,
because I know that, you know, I'm sort of in the camp and I know that Matt has been
extremely vocal about this since, you know, really October that, um, you know, this rally
could, could very well continue throughout, um, you know, the next month or so, um, and
maybe even further.
So I think that it's just going to be pertinent to keep that in mind, um, you know, for people
who, who do like to watch both.
And I know that, um, you know, this is a conversation that it feels like me and Mander have almost
on a daily basis where, you know, these names are so extended that it's, it's difficult,
um, you know, to, to, to see them trade higher.
But that doesn't mean that, you know, you're not going to get your intraday, intraday week,
um, even swing trade opportunities on them.
So I think that's really something that I've, I've been trying to focus on over the past
month.
And I think that, um, is something that would probably help, uh, folks out going forward.
Um, can I butt in right quick?
Um, I just wanted to say I ended up stopping out of the other half of my contracts at $1.02
slightly below my entry, um, might look to re-add this, but it does not look like it doesn't
want to break that $4.28.40 level, but I'm watching this very carefully right now.
As of right now, I'm all cash.
Understood.
Omar, anything interesting going on over by you today?
What are you watching?
Hey, yeah, um, I'm, uh, watching the WWDC keynote from Apple.
Uh, just watching it as a developer more than necessarily a trader, although I do have a
position in Apple and, uh, yeah, it's great to see, you know, NASDAQ, uh, doing well, my
portfolio is doing well.
So not doing too much trading today, but going to be watching the Apple event, which starts
in just a couple hours.
So I expect that it'll probably be a disappointment from the market's perspective, but who knows,
they could pull something out of their hat across all of the products they do that maybe
excites people.
Yeah.
Well, Apple's not doing too shabby last time that I looked right now.
It's actually at its all time high ever.
It's never been over one 84 before today and we're at one 84 point one three.
So it's certainly rallying into that event.
Yeah, Alex.
Alex, I saw your hand up.
Oh yeah.
Thanks man.
No one ever calls me Alex.
So it's, uh, but I'm glad you did.
I mean, people know it, but, um, anyways, my name's Alex, not just traders for anybody
that knows.
I wanted to touch on that with, uh, with the potential, uh, it was brought up this
morning, um, about, you know, the fact that they've stayed away from AI, right.
And obviously AR, uh, would benefit from an AI, uh, platform potentially, right.
Or an AI software, uh, point of view, I guess I want to say.
So any thoughts on the fact that they may, uh, that's, so let me just put this out there.
That's what I'm really watching for as far as what I think Apple's going to do.
I think if they do go down the AI road, uh, with their AR, I mean, if, if this is going
to be revolutionary and I know that it may be more for, um, industries than consumers
here at first, uh, there's a lot of speculation that, you know, they're, they're going to be
focusing on like, uh, firefighters and medical and, you know, more of a, especially with a
$3,000 price point.
But, um, I do think if they, if they dip their hands into, you know, artificial intelligence
and the LLM, uh, you know, language learning models, that that could be extremely explosive,
obviously just on the hype factor.
I mean, do you have any thoughts on that, uh, since we're talking on it?
Yeah.
I mean, they do a little bit with AI, they've got some AI acceleration in their chips, but
the perception is definitely that they're a little bit behind your Googles and your open
AIs of the world.
So, you know, that'll be kind of an interesting thing is how many times do they say AI during
this keynote, but you're right, you know, this next generation sort of interface that
they're developing with the AR VR goggles is essentially taking your apps, taking your
interface and overlaying it over the real world.
So I can put the app on my table, so to speak.
It's not actually there, obviously, but you've got AI on the device that's doing computer
vision, overlaying the software on it and, uh, sort of applying AI in that way.
So, you know, definitely, I think obviously a voice interface, that kind of thing would
be important.
So, you know, maybe, maybe they'll kind of play that up, but I mean, it's kind of a tough
nut to crack in the AR VR space, even if they have a device that is extremely impressive
technically.
The price is rumored to be around $3,000, you know, Meta's got their headset for around
$500.
So, I mean, this thing better really knock your socks off for six times the price of the
leading competitive device.
And, you know, I think many people are sort of looking at this as like, okay, Cook has
done a great job of running the ship, running the supply chain.
Apple has obviously been immensely profitable during his reign, but do they really have the
ability to drop that next product category, that next generation computer interface that
you wear on your head, that Apple car, that new product category that's going to deliver
new levels of growth.
And this is going to be a tough nut to crack, even for Apple.
I mean, AR VR is something that hasn't really gone mainstream, because mostly the technology
isn't really there yet.
But, you know, Apple has many times taken technology that's out of the mainstream and brought it into
the mainstream.
So let's see what happens.
If they don't unveil this AR VR headset, then I think everyone's going to be very disappointed.
because just about everybody's expecting it.
That's definitely something that I guess we don't know for sure what they're doing today.
Obviously, it's a lot of rumors.
But yeah, I know that, you know, for me, it's I could see them kind of sneaking in, you know,
and kind of catching everyone off guard.
I mean, maybe not everyone, but, you know, and coming out with an integration.
I don't know.
I don't know.
It'll be interesting.
So I appreciate your insight into it, though, man.
I do also have to go.
So Wolf, I appreciate this, man.
I'd love to do this again.
I really appreciate all the speakers.
Definitely.
Hopefully, everybody's following them.
I'm going to come back through and follow some folks when I'm not actively trading.
But I'm still in those Walmarts.
I did post something on AI, the ticker AI, which is risky.
But same time, I do think it's it has potential to see a little bit higher before anything else
spins out.
And it leads into what I'm looking for with Apple, right?
That could be a big catalyst for a lot of names across the board.
So just keeping an eye on that.
But, yeah, I appreciate all this.
I do have to run, but I'll try to hit you up and get back on these here soon, man.
Thanks a lot.
Thanks for everybody speaking.
Definitely.
Definitely be in touch.
I appreciate it.
OK, Alejandro, let me pull back to you for a second before we continue along with some
of the stock market talk.
First up, if you have any thoughts on Apple, that would be awesome.
I'd love to hear them here if you want to share them.
And then number two, I went over it briefly, what we have pinned in the top of the space.
But if you want to give a little bit more color to some of the stuff you guys do on a daily
basis and some of the things you're educating people with over voice, you can definitely
fill that in as well.
And then we'll roll around the panel a little bit more.
I've got a couple more questions to go over.
Yeah.
So in regards to Apple, we've been talking about Apple for quite a while now on our morning
show.
Just basically once we saw it leading the charge, everybody was kind of asking the question
of when is this thing going to slow down.
If you go to an hourly chart and you throw the 50 SMA on, you'll see how clear the uptrend
has been.
And that's basically all that matters from a technical perspective.
And we cleared a key double top resistance, which I believe was at 176.
And fast forward a week later, we're at all time highs.
So certainly not the spot where I would look to fade the trend.
But as you guys know, I rarely trade individual names.
So I just kind of look at Apple, check it.
I do own some Apple.
I bought some last year at 145, I believe.
So that position's doing pretty well.
But other than that, our seven day free trial is live.
We always have that going.
We've got five head traders.
We're on every day, all day, trading live.
We're trading futures, options.
And yeah, I mean, we have a lot of fun.
Our community, we've been around for two years now.
And we've built something really special.
And our main focus is, of course, becoming better traders ourselves, while also working
with our community members to help them to become better traders.
And it's just basically constant education.
And I always talk about how it's important for us to have a really good line of communication
between us and our members so that as we improve as traders, they also improve and vice versa.
We've learned so much from them.
And that's definitely the strongest aspect of our community.
I mean, you could find trade alerts anywhere, really.
But the difference is who's giving them out.
Are they trusted?
Are they people who you actually know?
And are they open and transparent about what's going on?
And we're obviously trading live all day on voice.
So there's no hiding from losses.
And it's a fun way for us to celebrate our winners as well.
But that's what we got going on in King Capital.
As I mentioned earlier, we have a seven-day free trial.
So anybody that's interested would love for you to stop by and check us out.
And last thing I'll say, outside of just the stuff that we do intraday, we also do pre-market Zooms and post-market Zooms where we give a game plan in the morning and then recap in the afternoons.
This morning was really important, especially coming off of a weekend.
And we had a bunch of people in our morning Zoom.
And, you know, everybody's just in there prepping, kind of getting an understanding of what's going on before we head into the trading day, which I think is very important.
Because you don't want to be in a situation where somebody who you're following gives out an alert and you really have no idea why they gave out the alert.
If they win, you get all excited because maybe you tailed and you made some money.
But at the end of the day, you have to ask yourself, are you serious about becoming a good trader or are you just here to follow alerts?
And so we try to be very clear about why we're getting into trades, why we're exiting trades, etc.
Perfect rundown there. Really appreciate that. I think it makes a lot of sense.
And that's why we do them, right? I'm all about being live on voice.
And I think that these guys do a great job of it. So a lot of natural overlap here.
All right. Taking a look back at the market for a second here.
Spy hasn't really done much today, to be honest.
I thought it was going to end up going lower based on those first three 15-minute candles, but it did recover to over the VWAP.
And now we're just sitting smack dab in the middle of that opening range.
So not a whole lot going on there.
Apple is holding 184 for the minute here.
Celsius is honestly my true story of the day.
If anybody's been watching CELH, shout out to everyone that was pushing me to sell this at $100 a share.
It is now at 147.
What an absolutely crazy move on CELH.
Just pumping here to the upside.
It is now up 15% on the week and 42% on the month.
So not too shabby of a move there.
Tesla up to 0.3% on the day.
Now holding at 219.
Tesla looking for, actually, it hit highs today.
Not seen since November of 2022.
Still some room to go.
You know, if you're looking at this in comparison to some of the other tech names, it certainly hasn't run the same that they have.
We're doing a huge Tesla space tomorrow, co-hosted by Holmar's blog, who's on here with me.
It's going to be at 1130 a.m. Eastern.
We're going to run an hour and a half tomorrow, so don't miss it.
Big Tesla crowd going to be there.
Ticker symbol CHAT, the generative AI ETF, still moving up.
And AI, literally the ticker, moving up today as well, up 5%.
That thing is volatile as hell.
Surprisingly, Riot kind of a pullback to down 5.5% today, which I was a little bit surprised by.
I thought the setup looked really good there.
But, hey, of course, that moves with crypto.
And then one which, Evan, I was surprised.
By the way, on that, I don't know if you were just about to talk about it, but there was a news story that came out like 10 minutes ago, 12 minutes ago.
So, the SEC is suing Binance and their CEO for breaking U.S. security as well, which is on that kind of crypto topic there.
Honestly, I don't think it's news anymore because who hasn't the SEC sued?
And nothing really seems to come from it, so it feels like just more of a headline.
I feel like I've seen the SEC sue Binance like four times.
However, PLTR did get the bag.
Did you see that contract?
Did you tweet about that?
I saw someone talk about it this morning, but I didn't actually see if it was new.
They got like a $460 million contract today.
Something like that.
So, PLTR stock is pumping.
They're close to high of day.
They're up 7% now, over 15.5.
PLTR has now gone from $7 a share to $15.5 per share in about one month exactly.
So, quite the move there.
All right, and Boyle actually making its way up today.
You know, I was going to buy Boyle shares today and then sell covered calls on them,
and I decided against it because Boyle scares me.
So, I'm staying away from that for the moment.
Okay, Monit, have you got any thoughts you want to throw into the mix here?
Most of you know, I'm, you know, I'm, why am I at a loss of words?
I actually do set rotations, so I'm observing something.
I don't have a, you know, I'm not positioned yet.
But last week's close, if you look at weekly charts across the major monies,
I'm talking the very large ones, BHP, Valet, Rio, they all had bullish signals.
XME too.
So, it's a lot of companies for Tesco Metals, Rio Tinto, BHP, Valet, FCX,
all of them had significant bullish signals on weekly.
So, I'm observing that it's a little early, but it looks interesting.
There might be rotation into Miner's XME.
These are not day trades, guys.
I don't day trade, so that's why I try to not talk much in the early mornings.
I'm not, I listen to you guys, but these are longer swings,
but the setup looks very interesting.
When you have so much of coincidental signal, it normally is pretty strong, so.
Got it.
Okay.
While we were talking, I just realized why Riot's down.
Not sure what's going on with crypto, but Bitcoin and Ethereum both just dropped like a percent.
Wolf, like I said, it's that lawsuit.
It's the lawsuit.
Got it, got it, got it.
But here's the thing.
SEC accuses Binance, ooh, wait.
SEC accuses Binance of mishandling customer funds,
as well as lying to regulators and investors about its operations and 13 charges filed.
Regulators said Binance had been nixing billions of dollars in customer funds
and secretly sending into a separate company controlled by CED.
The charges include misleading investors about the adequacy of its system to detect
and control manipulative trading.
New 52.
It sounded like a lot like FBS, but we'll see.
Yeah.
Yeah, seems pretty normal for a crypto industry.
Co-mingling of funds is, I believe, the exact charge.
New 52-week high here on Google.
It is now up 8.75% on the past year.
So, shout out anybody that bought Google shares in the last year.
You're agreeing.
Okay.
Alejandro, what other sectors in the market outside of tech are most appealing to you right now?
We just heard miners.
Where else could you see rotation going to?
I'll be honest.
It's probably a money-mander question.
As far as sector rotation goes, I kind of listen in on Fed Forecast.
I guess IWM, the Russell, just because of the difference in the Qs in Russell
and how the Russell's been kind of lagging.
But as far as sector rotation, I'll be honest, man.
I keep it so focused on the S&P and ES.
I am very, very big.
When I talk about I like to eliminate noise,
it's not something that I just say.
I really, really tune everything out.
You could ask me about the major earnings from this past earnings season.
And quite honestly, I would have no idea what 90% of these companies reported.
I, in order to be successful trading ES, have to look at it through, you know, with tunnel vision.
And that's just me being honest.
I don't want to get on here and talk about something.
I don't know what I'm talking about.
Yeah, sure.
Mander, you want to hop in off that question?
Yeah, sure.
I'll take that right away.
The sectors I'm looking to see, I guess if we're looking at S&P sectors,
what I was looking at was consumer staples.
And so someone had mentioned Walmart looks really good for upside.
Consumer staples closed last month down 6% in May,
when we saw a massive rally really across the board, but obviously led by tech.
And so I think if we're going to start seeing some profit taking come out of tech
and or new money for the new month going into funds,
if I was the money manager, I'm looking for names that were beaten up
and haven't really taken part in this rally.
And so especially, you know, I know financials have their tailwinds behind them
and energy has really been on the sell,
even with the production cut from OPEC there last week.
So I would be looking for consumer staples.
I think that's 6% down month in a really safe sector like that.
It's kind of extreme.
I would look for them to pull back.
And then like I was saying earlier in IWM,
I was looking across a lot of different names.
And obviously, I think the fundamentals behind a lot of them are not so great.
But if we're going to look for breadth to expand throughout this rally,
do I want to long Apple into all-time highs or do I want to long a name
that's 80%, 90% off of all-time highs?
So I was looking at daily setups on Shopify, Square, Affirm,
obviously has been rallying really hard, Peloton,
and then some China stocks are actually doing really well.
If anyone was following BABBA last week, that did really great.
So I'm looking at those names kind of in the lower end of the Russell 2000.
I guess they'll be more high betas,
but those small caps that are beating up 80%, 90% off of highs,
I think if we start to see some profits come out of tech,
they're likely to flow into some of these beaten-up names.
If you're looking at this like the start of a new bull market,
like a lot of people are, more so than a rally,
I think we start to see some money flow into those names
that were trading really highly just two years ago
and are now 80%, 90% off of highs, like I was saying.
I think I'm glitching for a second here.
Could have been me.
Not sure if y'all can hear me.
Yep, we got you there.
I can hear you.
Okay, cool.
My Wi-Fi was just slow there for a second,
but I got 80% of everything you were saying there, Mander.
I just missed the last part, but I heard the consumer staples piece.
Okay.
Alejandro, do you guys do any selling of options as well?
I'm trying to think.
Now, the only person who I know that really does that actively is Ashton Nolan,
who's a Rocket Scooter guy, and we recently interviewed him on Trading Camp Pod.
But outside of that, we don't do much of that.
I'm going to go ahead and butt in here for a second.
I don't really sell too many options.
It's been quite a while.
I'm talking months here.
But I have, like, earlier in the year and last year, I was selling some Apple calls.
Definitely not something you want to be doing right now.
But I was selling some calls on the stocks that I own the underlying on only.
But I never really alerted that or got into that.
But that was one thing I wanted to gauge interest on and see if people are really interested in that.
Yeah, I'm definitely doing a little bit more of it nowadays, typically beginning, end of week areas.
Not too much in the middle, but sold some more covered calls today.
Just kind of seeing what's going to happen throughout.
But we are running up a little bit more on time here.
We've got about three more minutes on the trading side of things.
And then we are going to have another space that's coming up in a couple minutes here.
Talking with Victory Impact, who's already in the space.
Thanks for being here on time.
Before we do get to that, a couple more things.
First off, I want to give a big thank you to all the speakers that have been on here the whole morning.
Matt's been here for a while.
Evan's been here coasting the whole time.
I want to give a big thank you to the King Cap team.
We've got Alejandro, Noah, Ramsey, Stock Sniper, Mander on here.
There's more members of the team as well.
There's more to check out.
But it's all included in the top of the space.
We have the single tweet there.
It's a free trial.
You can go and trade live with all of them.
Have voice, have education, have insights.
Get everything that you want out of it.
And then a big thank you to Austin, Falco, Holmars, and all the others that have been popping in throughout here.
Let's see if there's any other comments real quick from the panel on stuff that people are watching.
I would say pretty successful overall.
Good amount of wins.
Nice pop to the upside on the market.
Always nice to see 52-week highs as well.
Noah, any other pieces that you want to put on people's radar for the day or any other comments about King Cap?
Not a ton for the rest of the day.
I guess I'll just probably look for continuation in ES.
We have Q's basically trading at high a day.
Still rallying pretty aggressively, and ES still a little bit off the highs, so we'll look for that to get reconciled.
And big pop here, actually, as I was speaking.
But, yeah, that's probably it that I'll watch for the rest of the day.
Thanks again for having us on.
Wolf, always a great time.
And we'll see you guys next Monday.
Good luck and good trading this week, guys.
Awesome, awesome.
Mander, anything else from yourself?
Nope, you got it.
Thanks again for having us on.
Always a pleasure.
And I'll see you next Monday.
Appreciate it, man.
Alejandro?
Nope, all good.
Thanks for having us, man.
Perfect, thanks.
Thank you, Ramsey?
Take care, brother.
Thank you for having us.
And StockSniper, anything else you want to put on the radar?
Always a pleasure, Wolf.
Thank you for having us.
That's typical.
Just to leave you guys with a little closing note, I'm looking at that 429.33 level on SPY.
But, yeah, that's pretty much all I'm going to leave.
All right.
Perfect, guys.
Well, then we're coming right into our 1130 AM here.
We've already got some of our speakers up for it.
I want to thank the rest of our speakers for being on here, being wonderful speakers today.
Really fun morning in the stock market.
And I'm going to rotate into our next space now.
So, Victory Impact, can you hear me loud and clear?
Hey, Gap, how are you doing?
Yes, we can.
I'm doing good.
I see we got both of you all up here.
Okay, cool.
Let's get started with this one.
I'm just dropping a couple more invites to speakers that are in the audience.
If you are in the audience, now's a good time to go ahead and request up on stage.
If you're a speaker for this space, we're going to be talking with Victory Impact.
We're going to be talking about crypto rewards and charity.
So, there's a couple pieces that are going on here.
We'll be having a chat with them, really getting a deep dive into everything that they are doing.
Asking any questions that we'd like.
And I see Lucas coming up.
And I see Jackie in the audience.
If you want to come up.
Ryan, if you want to come up, you're more than welcome.
No problem either way.
I think we're pretty good to get rolling here.
So, we already got the audience.
So, we're looking good there.
And everybody, I think, has had a couple hours of trading in them.
So, they're ready for some crypto talk.
I'll turn it over to the Victory Account or to John, either one of you, which want to start us out with.
First, introductions would be awesome.
Some background on yourselves.
And we'll take it from there.
Yeah.
My name is Anthony Kaju.
Team calls me Tony.
I'm co-founder, CEO of Victory Impact.
And then, yeah, we also have John here.
John, do you want to introduce yourself?
Yeah, absolutely.
We'll have a couple other members of the team coming on shortly as well.
They are wrapping up previous calls that Tony and I hopped off from early so we can join.
They're taking care of those in our stead.
But, John Spinner, I'm the president and co-founder of Victory Impact.
Tony, I might as well give some brief previous backgrounds for us as well.
I'm 18 years in the insurance business.
We're going to be 18 years in the insurance business.
I founded a large nationwide brokerage in 2013.
Well, it started off as a small agency but turned into a nationwide brokerage.
I sold my shares to one of my partners in 2019.
Then went on to just really work on kind of product innovation in the insurance space.
I also founded and sold the insurance software company in that time between then and now as well.
Been a crypto enthusiast for about three years now.
And that's a brief history on me.
Yeah, no, thanks for that, John.
Yeah, I come from more of a traditional finance background.
Started at Merrill Lynch, then finished up in private wealth at Raymond James.
So, essentially was a consultant to high net worth families and business owners on how to sell their businesses and save money on taxes doing it.
From there, I became an entrepreneur, founded a national beverage company called Co-Aqua Coconut Water.
That's currently distributed in all 50 states, gotten some big grocery stores, etc.
And then this idea for Victory Impact came out of John's involvement in a national charity called the Bikes for Kids Foundation.
From there, we began talking and kind of synthesized this idea to where we figured out a way to anything really you buy online, we're going to start with travel.
You go, you purchase a hotel room, for example, and after your stay, you're going to get a rebate in the form of Victory Impact Coin.
And with that rebate, it's going to lead to us having some of the most competitive hotel room prices on the Internet.
And then from there, as the project progresses, we're going to have a e-commerce section, too.
So, up to 300 million different SKUs are going to be available on that.
And then the cool part about it is kind of in the name Victory Impact is that we're going to be giving back to charities all while people are saving money.
So, truly, with the technology that we've created, you know, some of the innovations we have on the team that we'll be sure to tell you about, people are going to actually be able to give back by saving money.
And, you know, like I said, the prices are going to be some of the best on the Internet.
All right, perfect.
So, it's a good overview.
By the way, let me know if there's any specific team members that are popping in that you want brought up.
I see Fat Crypto Junkie.
Yep.
Yep.
He's one of ours.
There you go.
Let me know if there's any others that you do want me to bring up as well.
I'll kind of let you know as they come in.
But I think a good place to start here would be, where did this all get started?
Kind of what was the impetus for this?
What would you say was not already being solved by the market?
And where do you guys see this filling in again?
Yeah, so I think, I mean, impetus was just, you know, we were kind of tasked initially with kind of, you know,
making a bigger impact within the charity that we're board members of.
And then, you know, it kind of expounded and just naturally snowballed to be like, hey, how can we impact as many lives as possible?
And, you know, for us, we had some great end roads through Tony being in the CPG business.
And then myself, from the insurance side, I got very integrated in the rewards kind of cash backspace.
So we had a lot of great connections.
And for us, kind of what we saw was twofold.
A, you know, the margins are incredible on both, especially on the travel side of things.
And then we'll go in deeper into that as far as how kind of that works, giving you a deeper dive.
But margins were great on those.
And margins are very strong on consumer packaged goods, especially on the e-commerce side.
But we realized that nobody's giving that really back to the consumer at all.
Everybody's taking that margin because, of course, they're businesses that have to, you know, market.
They have to pay bills and, you know, they keep the majority of that margin for themselves.
We thought that marrying Web 2 and 3 and really kind of using our Victory Impact coin to power a global rewards marketplace could just offer unbeatable savings on daily products and travel experiences.
And then, of course, being that we had the charitable focus, we wanted to make sure we folded that in to the overall ecosystem.
So in our minds, we know there's a lot to give back to consumers that even on the current cashback offerings that are out there, they're de minimis compared to what they could be.
And we feel like there's a very smooth pathway to not only, you know, create an easy on-ramp into crypto for people,
but also use our coin to truly empower something that's unique and disruptive in the cashback space.
And we can dive in deeper into how that works if you'd like to, because I know that was very general for you.
Yeah, I think that these would be perfect if it could be discussed.
Tony, you want to talk about how travel works and how all the other major booking sites are doing it?
Yeah, sure. That'd be great.
So you got your big websites out there like Expedia.com, Hotels.com.
I'm sure a lot of us on this call have used them to book hotel rooms.
And the way those sites work is that they get those rooms from originators like Marriott, like Hilton,
and they're all plugged into this central marketplace.
After they sell the hotel rooms, those originators pay them a commission, which they then use to drive their business.
So essentially what we're doing is we're taking that commission that the traditional travel companies would need to keep their lights on.
And by taking that value chain and putting it on a cryptocurrency like we're creating here,
we're able to drive value through the use of that token.
So instead of us having to take the commission to, like I said, run the place,
we're giving that commission back to the consumer.
And by them using the token or coin, what we're calling it,
they're going to be able to contribute to the overall business,
which is going to be through a call it victory impact contribution that we have on the coin.
So 5% of the coin will go towards running the charities.
Then we have a portion that's going to be our victory impact fund.
That's going to add value to the chain.
And I want Ben to talk about this a little bit more, but the coin is going to be deflationary.
So it's going to help with that.
And then we have a percentage that's going to be going towards marketing,
you know, general operations of the travel ecosystem we're creating is going to go to build that out.
So really it's taking an extreme amount of money that exists,
like John was saying,
these commissions and giving it back to the people.
And that's how we're going to save.
I think that's a good actual segue to,
and Gav, sorry, if we're cutting you off in any way, shape or form,
please feel free to interject.
But I think,
I think actually that's kind of a perfect natural segue to Fat Crypto Junkie
to kind of talk about the symbiotic relationship of our coin
to the overall broader web two project that we have going on.
And then also maybe dive into tokenomics too,
since, I mean, it seems like a good natural segue.
Yeah, happy to do that, John.
And by the way, you guys are going to, it's going to blow your mind here.
The way I came up with my handle on Twitter is because I'm fat and I like crypto.
So hence the Fat Crypto Junkie moniker.
But with that said, you can call me Ben.
First part's very, first part's very debatable, by the way, but.
You can call me Ben, call me whatever you want, whatever you call me.
It won't be as bad as what my wife calls me.
So I'd say this, right?
We, we really wanted to, to kind of expand.
Am I sure you'll hear something?
Yeah, I, I can hear him.
So sometimes it's been having stuff like that.
So just drop down and come back up stack and you'll be able to hear him.
But yeah, go for it.
So, so as was mentioned before, and just a quick intro.
So I joined the project pretty much from inception.
I've got a longstanding relationship with, with John.
We both spent a lot of time and had a lot of success in the insurance space.
And I met Tony and some of our other team members through, through kind of charitable initiatives
that we're, we're all involved in.
I've personally managed a couple of multi-billion dollar companies in the traditional finance
space, as well as having run a number of crypto projects in the past and certainly been involved
in crypto for, for quite a bit of time.
Right.
I really liked their thought process around really looking at kind of how can we help people
overall?
It's a, it's a challenging time now, right?
Inflation is where it is.
It's very hard to kind of, for the average person to, to get by.
So forget about just focusing only on charitable missions.
Why not kind of really hit the middle class hard, really try to help them through, through
betterment of consumer products, kind of costs through travel costs, et cetera.
And that's kind of where this all came together.
So I really loved the mission.
I really loved the way they were thinking about things.
And I really loved the utilization of the web three and to, to kind of build out on web
two missions and problems, right?
So if you look at what we're doing, right, we want to think about how can we make a model
that would reflect the fact that, that kind of web three is, is not really being utilized
for the, in general, I find that web three missions are something to the effect
of, let's take a web two problem and say that we're solving it, but not, not really
do anything from a web three standpoint.
Hey, let's give to charity, put it on the blockchain and call it a day, right?
So the way we've kind of managed that is that we will have, we will have first, our
tokenomics are set up in such a way where for every purchase and sale of the token, there
would be a 5%, what we, as a group called tax, right?
Um, SafeMoon has, and a lot of the others, um, we don't find that those five, that 5% tokenomic
charge is generally used in a proper way.
So the way we're using it is that we are effectively having 3% being used towards the, um, the,
towards marketing, towards sustainability of the token, towards vendors, towards, um, getting
on centralized exchanges, like really making sure that there isn't a, a need for additional
capital raises, which by the way, we've already raised about $400,000 towards the build out
of, of our token and, and various, um, utilities, right?
So we don't think we'll need that going forward or additional raises because we'll have this
3% that will cause for the sustainability of the token.
In addition to that, we'll have 1%, so again, I'm breaking down the 5, 3 towards the sustainability
of the token, marketing, centralized exchange costs, et cetera.
1% would go specifically to the utility, right?
So that's going to be the build out of the marketplace, both for traveling to the, for
consumer products.
That's going to be for, um, giving very substantial rewards to our community.
So we will absolutely be giving away kind of vacations, giving away access to our partners
like Petty, Petty, Petty Motorsports, et cetera, right?
All of that will be funded by that 1%.
And then the final 1%, which we're very proud of, will go directly to charity.
And I'm sure Tony will want to speak about our, our really good charities, Bikes for Kids,
um, uh, Victory Junction and others, uh, that I think you'll be really impressed by.
A group that not only we're, we're, we're helping people, but we're also, you know, candidly,
we want to all benefit from relationships.
So we'll get a big marketing presence in addition to really helping out people through that 1%.
You put that all together, we've got our 5% sustainability, utility, and charity, right?
And then as far as, as far as the, um, the, the function of the token, one other thing that's
really important to note is that when we launch the marketplace, uh, we will have a portion
of every purchase that will go towards a mint function for the token, right?
In other words, if I buy a hundred dollars worth of product in the marketplace, I have
a, you know, a $30 reward, just making up numbers here.
Uh, and I decide as the consumer to spend, to, to, uh, to take on that $30 as tokens, those
tokens will actually be minted.
That said, so as to, to alleviate any concern around kind of minting to a point where we have
an inflationary component of the token will also be subsequently burning tokens on, on the
broader basis to support the fact that we do not, you know, again, that we want to stay
level, we want to, if anything, lower the amount of, of tokens out there rather than raise them.
So really bring the utility all together while still making sure that we're not hurting our,
our general token holders by inflating the token number, right?
So all that together, you can kind of see how we're, we've really put a lot of thought
into how do we make this, this ecosystem work?
How do we make this ecosystem friendly for the web three space?
How do we make this ecosystem friendly so that our, our holders are getting the benefit
of these purchases and still maintaining what we need to, to develop the token, to develop
the utility by, by still helping our holders.
So I said a lot there, um, John, Tony, anybody else in the team, anything else you'd want to
add to what I just mentioned?
I just want to clarify one thing, uh, Ben, just when, uh, not, nothing to what you've already,
uh, said, I think that sums it up beautifully, but I just want to clarify one point.
Uh, it's probably a natural question that everybody out there would have, uh, when we
say we've raised funds as well, um, know that that was, uh, not through sale of the coin.
Um, that was done internally.
Actually, it's all been, uh, members of the company, uh, like of, of our executive team and,
and other board members.
Um, and that was to build out, uh, both the token and then a lot of our web two components
currently, um, and then pay for marketing.
But that was all done on a raise separate, uh, on our S corp, uh, has nothing to do with
sale of the token.
Um, on the token side, any sale, any pre-sale of the token, which, uh, we collectively have,
um, high net worth, uh, friends and family that, uh, predominantly friends that will be,
uh, providing the liquidity pool, but, uh, the sale of the token will not be used to
fund the project in any way, shape or form.
I just wanted to clarify that point.
It's a great clarification, John.
I will note that we are of the money that we've brought in so far, uh, as John mentioned,
we've brought in kind of high net worth institutional, just kind of people that want to be in the token
long-term and have conducted a private pre-sale to this point.
We expect between that and a public pre-sale that will go live two days before the official
launch of the token, we will have $120,000, give or take, of, of, uh, locked liquidity
going directly into the token.
Good stuff, guys.
I actually see a hand up from my guy, Evil.
I assume it's a question here.
We'd love to turn it over to Evil.
Hey, thanks, Wolf.
Uh, hey, thanks guys for, for coming up and, you know, giving a pretty, uh, broad overview
of what you're doing.
Um, admittedly, I'm a little confused on some points since I'm kind of wondering if you guys
can bring a little bit of clarity and then I have kind of a, a follow-up question, um,
afterwards.
So the, the confusion is, uh, maybe the better way for me to understand this is can you, you
know, kind of like walk me through, like, what is the user experience here?
Am I going to a website?
Am I buying products in U.S. dollars and then getting, you know, uh, like a, like a cash
back component, essentially a rewards component, kind of like my Amex card does that I can then
spend in, in, you know, in, in like my Amex, uh, rewards, uh, portal.
I mean, like, is that essentially what you guys are building or am I, you know, plus the,
plus the impact component, right?
Yeah.
I'm going to give, uh, I'm going to give kind of a three-part answer to that.
But the first, uh, of, of course, anybody can, uh, on the token, uh, coin side, purely
anybody can go and purchase the token.
Uh, when we go live, it'll be on Uniswap and BitMart.
Um, and then we'll be adding several, several major exchanges, uh, in the weeks to months
after launch.
So, I mean, of course there's that component, uh, initially, um, kind of, uh, version 1.0,
uh, we want to create the easiest on-ramp we can for somebody, um, coming into the platform.
So initially, uh, you'll go and you'll have, you'll have a login component, um, uh, just
like you would, I guess, any kind of rewards type site.
So you'd create your account, you'd log in, um, using just a regular major credit card,
Visa, MasterCard, American Express.
Uh, you'd go on, you'd purchase travel.
Uh, so we will be launching travel first and then I'll get to the actual broader, uh,
um, uh, kind of e-commerce marketplace afterwards.
So on the travel side, you'll go, you'll purchase your travel just like you would through an
Expedia and Orbitz Priceline, et cetera.
Um, except for the fact that there's going to be a login component.
So you log in, uh, you go and line up with Citi and dates.
That's going to be a worldwide platform as well.
Uh, we'll have over 800,000 hotels, um, in just about every country in the world.
So that will be a true global marketplace.
You'll go on, you'll book your hotel.
You'll see that the price you pay with your credit card is going to be identical to the
advertised price on any of the main sites.
And then what you'll see is you'll get a very large portion of that price coming back
to you in a USD equivalent in our victory impact coin.
So, uh, typically those savings, um, on the very, very low end, and this is kind of the
small boutique hotels, uh, that ideally down the road, we'll get better volume, uh, volume
with ergo better cash back.
But, um, you know, you'll range anywhere from 5% all the way up to 60% off the hotel room.
Uh, you can see some incredible, incredible savings on it.
And those will come back in the reward in the form of a victory impact, uh, token.
Um, so you'll have a wallet connected on the backend where we will mint and, uh, that's
connected to your account.
We'll mint and deposit those coins into your account, uh, which will be your cashback equivalent.
Okay.
So just on, on, I guess on that point, um, I mean, I have a lot of questions about this
in general, but I think I would start with, uh, I mean, so you guys are saying at the outset
that your competitors are essentially every, you know, major travel booking site, right.
And, and aggregators, correct.
Yeah.
So how are you planning?
I mean, I understand the value prop, right.
But how are you actually planning on competing against these guys?
Right.
So, you know what I'm saying?
Like you're talking about Expedia, you're talking about, uh, large entrenched, uh, you
know, uh, existing entrance with huge marketing budgets, right.
And you're, and then you have a site that's behind a login, right.
So I'm, I'm wondering how are you kind of connecting those two things to, to pull traffic.
And then how are you, uh, you know, what's the defensible moat here against them offering,
I'm assuming similar volume discounts, right?
Yeah.
So, uh, two, two part answer to that, uh, as far as going up against the Goliaths and
you know, trying to, uh, truly disrupt a space, you know, we, we are going to target
web three users first, uh, people who are already crypto enthusiasts, enthusiasts, and
it's not like there's a lack of a market.
Um, I think we have, uh, 50 million plus, uh, current crypto wallet holders in the States
alone.
And then obviously it, this will be a true worldwide, uh, market, well, uh, travel marketplace.
Um, so really targeting them as users and not really disrupting kind of the normal, you
know, the normal consumer they see, but really targeting a different market.
Um, as far as them going and adding kind of cash back offers, I mean, they, they could have
been doing it the entire time.
Um, no one, no one has chosen to do so.
Um, so, uh, yes, could they absolutely.
Will they ever offer the same amount that we would, I'd be very, very surprised.
I don't think it fits in their business model.
Um, and I don't think they have a desire.
I think they would rather lose some volume than go and destroy their margins essentially.
Um, so if you come at them and you're taking market share from them and they're going to
respond, right.
I mean, I don't think it's reasonable to say that they're just going to be like, oh, well,
I guess we'll give up, you know, 20% market share to this other company without doing
anything.
For sure.
I, you know, that, that could be, um, I mean, the thing is if they're losing just 20% of
the market share going in and cutting their margins by 30, 40%, it, it might be worth not
doing it.
Um, and I, I don't know how they would respond.
Uh, it certainly could be a concern.
Um, I, I'm not overly concerned, uh, because I, I think the space is so big.
Um, I, I do feel like just making, and to be honest, if we're even to take able to take
10% market share away from them, like that is a huge, huge win.
And we have an enormous, enormous ecosystem just off that.
Um, but absolutely.
Could they, could they make that play for sure?
Right.
I just, I, I still don't think they would bring the margins to what hours, what hours
are.
I think we'd still be more competitive, um, because it doesn't, doesn't fit their model.
Yeah.
I mean, said simply, right.
There's a lot of multi, multi tens plus billion dollar companies out there that offer best,
the offer kind of better pricing, better discounts, et cetera.
I'm not saying in the space we're talking about, I'm saying in general, then the biggest
guys out there, right.
And the biggest guys understand that, Hey, I still have the name.
I'm still whatever.
I'm still Amazon and, uh, yeah, I'm getting a much greater margin than someone else.
I'm not going to give up that margin.
I'm just going to keep working off my name.
And if I give up a little of the market, so be it.
I'll, I'll give you an example in the insurance space, right?
If you were to buy an annuity from MetLife, your product, your, I mean, what you're, what's
priced into that product is dramatically.
I mean, it's not even close, dramatically less than if you buy from even an A minded, A minus
a rated large balance sheet, right?
And MetLife doesn't care because they're MetLife.
And are they going to lose a little market share to that company?
Of course.
Right.
But each one is still going to have, you know, again, multi tens of billions of dollars
of valuation.
So our, our view is that we're accessing a different cohort of people to start out with.
Number one, number two is we're going to build up our market, even from the traditional
competition through giving the best discounts on the market.
So we'll cut into some of that market share.
So you kind of look at a traditional distribution as well as a non-traditional distribution, give
the highest discounts across the board and give a lot and do a lot of marketing ourselves.
And we think we've got a pretty good shot of really taking a, you know, like, like John
said, if that's 5% of the market, we still made many, many billions of dollars for token
holders.
There's a, there's one other thing that will help protect us as well too.
They have a number of deals with other marketing affiliates and they're, they're not allowed
to, in some of those deals, I'm assuming this, I don't know for certain, but knowing that
they do have a lot of affiliate marketing deals to kind of protect those affiliates
too.
They can't go and then compete.
They can't go and compete with those affiliates.
They're, you know, they keep things level.
They keep the playing field level.
So, I mean, we do have that as an additional insulation as well.
I guess a final piece, or at least it'll be my final piece.
I'm sure others will have other comments, right?
We have partners out there that just nobody has, right?
So I mentioned Petty Sports.
It's just one example I can give you, right?
As part of this marketplace, we're going to be giving real life, in real life experiences
to meet with Richard Petty, to meet with the Petty family, to go to their, their charity
location in North Carolina, right?
They've got access, they sell a lot of car parts, right?
So we'll be able to kind of, that's just one of the many partnerships we have, right?
We're also speaking with FinTech TV.
We also have a number of charitable partners, et cetera, and a lot of kind of personal relationships
that we're looking to bring into the token in the very near future, right?
So there will be items, there will be items in the marketplace, sales in the marketplace,
experiences in the marketplace that literally nobody else has.
And then there's no competition on those items.
Now, you know, to the 200, 200 million SKUs that were mentioned earlier, yeah, there's
going to be a lot of overlap between us and Amazon and Expedia.
But I feel pretty good that, you know, that we'll be able to penetrate quite a bit and to
generate, again, a lot of income for our token holders, for those involved in our utility
through those relationships and through that build out.
Well, I'm kind of confused about one thing, though.
Like, so why, I mean, I guess, I guess the bigger question I had was, and this is the
follow-up, like, why are you guys doing a token?
Why don't you just do this as a standard Web2Play, right?
You know, loyalty reward programs, reward points programs.
These are like very common things.
People do them all the time.
You know, so what's the justification in your mind behind doing this as a token?
We, first, we then would have to be, and that was something we actually, you know, had thought
of initially as well, too.
First and foremost, it would be then, effectively, we're not competing for a niche in the space
and having kind of a different market to go into right out of the gate and a different
consumer to appeal to right out of the gate.
So, yeah, I mean, we don't want to go up against the Goliaths right away.
You know, that would be the kiss of death to do it just without the actual, you know, crypto
play.
And I have another point to make in just a second with that, but just to go at it from
a traditional marketing standpoint.
Yeah, and if you don't mind me, John, I just got to interject this, too.
Yeah, absolutely.
Yeah, it's like, here's the deal.
It's like, yeah, we could do it the other way, but we're not going to be able to give
as much savings back to the consumer if we weren't to do it with crypto.
And that holds true for these other reward sites, right?
It's like, yeah, you get rewards and you can spend them on new hotel rooms.
But the big difference here is that our rewards can be converted into cash if people want to
do it, right?
You know, yeah, you can go on.
I can fly Delta.
You know, you get status, you get points, you buy new flights.
But these are the only rewards on the market that are going to actually be able to convert
into cash.
And we think that is, in itself, pretty revolutionary.
I got a question as well from what people are saying.
Part of it is also, you know, to gain a 10 or 20% market share requires really getting
that brand name out there.
I'd love the walkthrough of the go-to-market strategy to compete with companies of that
size and acquire that type of market share.
Yeah, I mean, our go-to-market strategy is to appeal to crypto investors.
Like, hey, go in no different than, I don't know if anybody saw, like, there's been a lot
of talk about, you know, just kind of stacking sats and giving sats back as a reward.
And, you know, a lot of chatter has been going on about that in the market.
I've read dozens of articles about that is, you know, people looking to get rewards in
Bitcoin and stacking sats.
And it's a similar principle.
Like, we're going after the crypto investor, the crypto enthusiast, as the initial market
play.
It's still a very substantial market, not mainstream by any amount of imagination, but
still a substantial market, you know, hundreds of millions of consumers that we think will
be in play worldwide.
And, you know, going after them first is our go-to-market strategy.
That's, it'll, this will appeal to them.
I just look at, you know, put myself as a crypto enthusiast.
Like, I would have always liked something like this where I could go and earn rewards in
the form of any cryptocurrency that I liked, any real project that I liked.
Um, I would always prefer to get that over, you know, getting, uh, just a cash, a true
cash back of any kind.
Um, so to me, it, it's a way of appealing to that investor.
That is the go-to-market strategy.
Um, from there, obviously, as the name builds up, the kind of second phase is being like,
Hey, you know, this is a great way to, to save on, uh, travel and everyday purchases.
Um, this is going out to just the average retail consumer.
Um, and Oh, Hey, by the way, if you've been, you know, looking into, you know, dip your
toes into crypto, you've heard all the buzz about it, but it's too complicated or you just
don't, don't know where to turn or you're just nervous.
This is a way where you can actually get into, um, owning, owning cryptocurrency without
actually having to come out of pocket for it.
It'd be the same expenditure you're already doing.
Um, only, uh, only you're getting, you know, you're getting, so you're not, you're not having
to come out of pocket.
You're not having to do a ton of research.
You're just going and using your normal buying habits, um, and just book what you've already
going to book on the travel side.
And then on the, on the everyday consumer good side too, uh, I should actually transition
to that a little bit too, because there are some nuances to that, that I, I think are very
interesting in, in what we're, what, what our dev teams have been able to do so far, integrating,
um, you know, some of, some of the, what's coming over from an actual deal standpoint.
Um, our consumer marketplace will have, again, we're going to have that single sign on component
where you're going to go and log in, create an account.
Um, we're working on actually having that be really kind of a twofold.
You'll, you'll have normal, you can go and just search an item, uh, and it'll, it'll look
through all of all the deals that we have on any items to type in diapers, for example,
or dog food, whatever it may be.
Um, it's going to function differently than let's say like a Rakuten, which is probably
the predominant competitor in the cashback space right now.
Rakuten, you have to go on, you have to click store by store and kind of find, kind of find
your best offer and then, and then shop on that.
Like you actually have to go to that, that store site, um, and really kind of compare
back and forth between the stores.
We're going to be able to just search and you'll see kind of the top cashback for top.
Yeah.
User experience there.
Um, in addition, we're looking, um, and we've already kind of started the dev on having
a separate browser extension.
The browser extension will be really, really interesting.
I, you know, from a UI UX standpoint, um, because people can go on any, any website then
like, uh, they don't even have that extra sign on process.
Once they've created an account with us, they can add the browser extension.
Um, and they'll be able to just go and shop and you could do a regular Google query when
they go on a website and are looking at items.
It's going to pop up cashback offers on those items.
So I think we'll have a very unique, uh, UI UX, which, which will help us, uh, when, when
we do launch the marketplace portion, the e-commerce portion, I think it'll, that will really help
us, uh, admittedly on the travel side, you know, getting, putting a huge den in immediately,
um, beyond the crypto enthusiasts, uh, and taking huge market shares away from the bigger groups
is going to be more difficult. Um, when we add the e-commerce piece, I think it becomes an easier
lift from a marketing standpoint, because I, I think we're developing unique UI UX compared to
kind of the big players. Um, so, uh, I think that'll help us transition to the broader market.
Like, you know, as far as a plan to take 10 to 20% of the market share for online travel,
for example, like that's, that's like a $520 billion market globally. So, you know,
we're talking about a business here, John actually have, John, what, what is your, what is your,
your target market share? Like, like, I mean, I threw out 20% randomly at the number, but what
are you guys actually trying to do? 10% is actually all we're trying to take. Uh, we're, we're not
trying to, uh, we're not trying to take over the entire market. Um, you know, kind of to the
points that were brought up, uh, uh, earlier, like that's a, that's a very, very heavy lift.
Um, and although 10% of the global travel booking market. Yeah. And we'd like to take 10% of, uh,
of the, not the overall e-commerce market, but the cash back e-commerce market.
Okay. Let me, Oh yeah. Go for crypto. And then I wanted to also pull in a couple of other speakers
that are up here. No, I was, I, I was simply going to note, right. You know, any company can
put out projections on their growth. What I can tell you is that you've got a team here that has
run against successful, large traditional companies, traditional finance companies,
as well as crypto projects. And, um, you know, in the end, we've got, we've got marketing build out
through the token tax. We've got a marketing build out. We haven't gone through the token
distribution as far as like the initial wallets per se at this point, but we've got about 5%
allocated in a, in a wallet, um, that will be used for, uh, for marketing overall. Right. So point
just being that we fully acknowledge that, you know, there's a, we're trading the, you asked about
web three, why do it in web three? We effectively look at it as we are, we are, you were impacting a
market that's kind of untapped from a rewards perspective. We're using that market in exchange
for, uh, working with that market. We're giving back to that market. So a portion of every dollar
of profit we make in the, in the utility, in the marketplaces, we'll go back into the token,
right? Um, so you've got a real cashflow being generated back into the token, which,
you know, we would expect would increase token value, right? So we're effectively paying for
distribution through rewarding that distribution with, with profits from the company, right? And
then on top of that, leveraging the marketing wallet and marketing fund from the tax to support
the growth and getting the name out there, um, as mentioned earlier, right? So we view this as kind
of a much different play to enter a space that is massive. And to the extent that, you know, I don't
want to, I'm not going to tell you that we're going to own 10% of, of the markets that, um,
that John mentioned earlier, I'm also going to not tell you that we're not going to be a 10%,
right? But I can tell you that we've got a pretty good marketing strategy, pretty good access and
pretty good, um, utilization of, of future holders of the token to get to where we're,
where we're shooting for. Wait. So just to be clear, you're planning to use your token to
redistribute profits from your company. We are. So then this product is not available to us
consumers. Correct. So we are working with our sec attorney to kind of, to, to determine kind of
the best way to do that in such a way that not a security, right? Putting ourselves in the best
situation. So I'll, I'll be honest with you. We've not finalized the model in such a way that we're
comfortable yet that like, I can't tell you today, this is the final model, but I can absolutely tell
you that the utility will benefit the holders of the token in one form or fashion.
Yeah. I'm important to, uh, let's not say anything on here that could bring that to it.
Yeah. Okay. Real quick, TJ, you got any thoughts you want to throw into the mix here? Any questions?
Yeah. So, um, I see you all chose to be at ERC token. Any, any, any reasoning why you chose
Ethereum, um, to launch, especially seeing just kind of the volume that, that you all kind of want
to do, do you, do you don't foresee, you know, just kind of like gas fees and other things kind
of being like, you know, a, um, um, a problem for you all and grow. Great, uh, great question. And,
um, you know, was, was a concern of ours, uh, for us, uh, ETH was really kind of, you know,
the only choice, uh, gas fees being a problem, but for us from a credibility standpoint and just
a size of, of a token to build off. Um, yeah, we, we did, we did think about, um, you know,
some other options like, uh, we, we love just as a team, you know, we love Algo, we love Solano.
They're great networks. They're just, they're, they're small, honestly. And for us, uh, just from
a credibility standpoint and just a safety standpoint, um, we thought ETH was the choice,
uh, the Shanghai upgrade and just, you know, that the ETH teams really kind of proving that
they can tackle major problems and, and major upgrades. We do have faith, uh, that sharding
will help bring down that gas, uh, as, as proposed. And I know that's more of a longer term,
uh, longer term play. Uh, but we do hope that has, has some huge impact. Um, and it, it is,
you know, it isn't perfect, uh, for us, it was just the best choice, just, just to the credibility,
just because of the credibility and size of, of the Ethereum network. Um, it, it seemed like the
best, the best overall solution for us. Uh, gas of course is, is a problem. The one thing is, uh,
I mean, we, we effectively, um, on the reward side of it, uh, you know, the, getting the VIC token
back, um, we act, I mean, we, we effectively eat the gas fees when we meant. And so, I mean,
we wouldn't have it on the front end there too. So that, that alleviates some of that problem,
but yeah, I get the gas fees even now being much, much lower than, uh, they were, uh, at the peak of
the last bull run. Um, I know we've all experienced some just enormous, uh, enormous gas fees on
transactions. They're definitely, even where they are now being much lower. Um, you know,
of course there's still, still a concern, but we, you know, we hope long-term that's not going to be
an issue. Hey TJ, one thing to add too. I just posted a, uh, really good write-up by VanEck. Um,
they're a pretty large investment firm. Um, they're calling Ethereum to be 11,800 by 2030.
And one of the things they're crediting, um, the, the technology with is that it's going to be
responsible for a lot of people, you know, more people than any other token bringing new people
to crypto. And, you know, what we're able to do here with this victory impact coin project to,
you know, actually have a website, you know, allow someone to go in,
place a transaction with a credit card and then get a rebate in the form of crypto. Um,
we think we're going to be responsible for a big push there.
Okay. Okay. Okay. Sorry. Go ahead.
So I, you know, I understand that. I guess my point being like, you know, you all are eating,
you know, the total fee for, for gas for minting, um, you know, the token. And if I'm not correct,
you, you're minting per, per transaction, right. So from, from the runway standpoint,
how are you all funding that? Um, you, you know, because it like fees are, are low now,
but like, you know, anytime Ethereum, the, the, the chain starts to get active, they,
those fees can like be very variable. And, and, and for you all, you have to kind of have priority,
you know, on, on chain to be able to execute the transaction. So people could, you know,
really see the rewards. So like, how do you all, how are you all funding that early on in the
project without like, you know, killing your one, your runway? So, so I'll, I'll, I'll kind of jump
in here. So if you look at the competitors that John mentioned before, uh, racket in for instance,
right. They don't, you don't, you don't just press a button and the next day you have a check at your
house. Right. So, I mean, first of all, I mean, we'll be using batch reporting. So it's not,
um, so it's not, you know, we're, we're not making a thousand or millions of different transactions
all, um, kind of on their own gas, but rather it's, it's a batchment, right? So, you know,
we're going to have efficiencies from a, from a, from a programming perspective, but I would say on
top of that, the way we'd be doing it is that we would, all right, so, so let's, let's walk through
the purchase process. I go buy diapers on, on a bit more. It says, Hey, Hey Ben, you're,
you've gotten whatever, $30 worth of rewards. Uh, and in your account, you just see that $30,
right now. Can you convert that to victory impact? Yes, you absolutely can. Can you do it
instantaneously where you've got that token that second? No, what we'll end up doing is similar
to, similar to some of the other sites out there. We'll probably do kind of end of month or, or at
least by, by monthly, every, uh, twice a month. Right. And, and send out those allocations over the
course of that period, right? So you're not looking at every instant purchase or every purchase leads
to an instant payment in tokens, but rather a consolidation of a number of, uh, of payments
together at a certain time, right? For a group of people, right? So you really have a lot of
efficiencies from that. The final point I'll make is that you can use those tokens or those rewards that
you've generated on the website to purchase other items, right? So we mentioned before, you'll have
an on-ramp, you can use your credit card to buy the items, you'll get rewards, and you can change
those rewards into tokens, but you're not required immediately to change them into tokens. Rather,
you can use those rewards to just purchase other items. So all that to say that we're encouraging, uh,
utilization of the token. We are providing an on-ramp of the token to kind of everyday consumers.
And we also, on top of all of that, have efficiencies around when those tokens,
when those, um, rewards are paid.
Hey, uh, just a quick note real quick. I know that people always are looking for places to find
out more information because obviously doing good research in areas like this is extremely important.
I did go ahead and I pinned a couple of posts at the top of the space. The first is, uh, a bit of
a launch post, Fully Doc's team talks about the utility pieces along those lines. You can obviously go
through the website. Also, I did pin to the top. They're doing a giveaway right now for anyone
that does join their telegram using the link that is in the top of the space. You will get entered
into a raffle to win a whitelist spot as well. So there's a couple of pieces up there for those
that want to check them out from the audience. And then, sorry to interrupt on that, Fat Crypto,
or John, did you have another piece you were talking about to talk about there?
I'd actually just, in a hand, I just add to that last point, I appreciate you bringing
it up. We're actually, for this community, we'll be giving away, um, three whitelist spots
as well as a winner of a hundred, a grand prize winner of $150, right? So within 48 hours of
today, right, just to give people enough time to join our social media, to check out our website,
victoryimpact.io, to check out our Twitter at victory on ETH, right? And of course, to join
our telegram, right? The, uh, we'll randomly pick four winners to win, uh, that have joined
our telegram to win those four prizes I just mentioned. Perfect. Appreciate that rundown there.
Uh, Bilo, you've been on with us, I think, most of this space. Do you have any comments or thoughts
you want to throw into the mix? So I joined in a little late. Hey, Wolf, everybody. I think a lot
of good questions by Evil and TJ. I, uh, don't really have anything else to add. Very good question.
Yeah, we appreciate it. And I will, I will tell you this, right? What you'll find from this team
is that we're very transparent, right? You know, we've put our, we've put our faces and names out
there. You can look up Tony and John, um, and, and also Mark, uh, on our, on our social media on
LinkedIn, right? This is we, and as we've talked about, we've brought in a lot of money into the
project. This is not something that we're looking to, to walk away from. This is something that
we've invested a ton of our time and resources and relationships to build out. So, you know,
we're, we're here to, to kind of tell the story and to bring, to work with the community to optimize
this as well as possible. So, you know, please do, we really appreciate all these great questions.
Please do continue the conversation. All of our social media, we're happy to cover any questions
you have and, and kind of stay involved as much as possible.
Awesome. Okay. Yeah. All right. Go for it, Evil.
I just, I have one question on somebody you're talking about with your tokenomics. I don't want
to get, you know, super technical because I know this is not like a, you know, a hyper-technical
crypto space, but I'm kind of wondering maybe you could explain why you, it sounds like what
you're doing is you have an uncapped supply that every time you're, you're doing an on-ramp,
you're also doing token generation, right? So you're minting tokens, not distributing tokens.
And then you want to do some kind of like burn on some kind of schedule in the background. I'm just
kind of, it, I'm just kind of curious if you could maybe explain your thinking around why you would
want to do that approach.
So I, I'm going to apologize. Our, our most technical team member is not, um, is not on
the call. Unfortunately, I can tell you that the, the token supply is capped. Uh, and by
the way, we will be deploying our, uh, we will be deploying our code. I'd say within the next
week, we've just gone through and finalized our audit or our audit with Paladin. And now we're
just kind of making some last checks and then we'll deploy the contract, the VIC contract, and
you'll be able to see, you know, kind of what that cap is. You'll be able to see kind of
how we've approached the mint function and the burn function. Um, actually, let me, let
me include, so, so Carl, I'd love for you to kind of talk a little more about the detail
of the mint function and the approach there.
I tried to bring crypto crop. I'm not sure if it a hundred percent worked. They may be in
that like mid glitch stage, uh, that Twitter spaces does. So Carl, what you might want to
do is just reload Twitter real quick and then request and I'll bring you up and apologies.
I actually saw Carl earlier. I did not know that he was on the team, which is why I didn't
bring him up sooner. Um, but we'll work to get him up here right now.
Yeah. I could try and, I could try and reach to this and maybe a less technical way, which
is sort of more, it's sort of more that this is more, I guess the underlying point of the
question, right? So, you know, when you have a crypto token that you're making tradable,
like you're doing one of two things, you're either creating a token that has price accretion
or price stability. And I guess, what are you guys doing? And then if it is accretion,
like how is that actually working?
Carl, do we have you on yet? Yeah, you just got on mute, Carl.
Yeah, just got on here. Um, sorry, I missed the last question as I was, uh, reloading Twitter.
Can you repeat that evil?
Sure. I was just saying that like, when you're doing a crypto token or you're doing a tradable
token, right, you're kind of doing one of two things. You're, you're either aiming for
price stability or price accretion. And if it is price accretion, you know, how are you
guys, like, where, where is that actually coming from in your system?
So good question. I think that's, uh, something that the answer needs to be navigated, um,
considering the legal, uh, situation right now, but this is a utility token, right? The,
the point of this token is to facilitate web two, web three transactions through the marketplace.
And if the value of those utility tokens goes up or down, that's not something that we are
necessarily pushing for or managing. That's just going to be a nature of, of the beast. Um,
the, the point of this is for crypto rewards for donating to charity, um, you know, utility
token, not a security.
But that doesn't that, doesn't that conflict with what your other team members were saying
earlier about profit redistribution?
The, the profit redistribution doesn't necessarily. So
how do I explain this simply? The, the profit redistribution will be in terms of the marketplace.
So by generating more revenue and more profits and more margin, we are able to provide better
discounts for the users and more value for the holders of the token. Um, in terms of the utility
that it provides. So by nature, um, you're kind of looking at like the answer of one plus
one equals two there, but by making, by allowing the token to do more, by providing more things
that, that the token can do for their users and value, naturally you would expect the value
of the token to go up. That doesn't necessarily mean that the goal of the project is to, uh, you
know, drive the value of the token. It's kind of by nature, how is this going to work?
Um, okay. So I, I guess I, I maybe disagree a little bit, but I'm just trying to understand
like where's the sink then I guess. Right. Because like you said that you expect the value
to naturally go up, but that's not, that's not really the case. Right. If I'm, if I'm booking
a bunch of travel and I'm getting a reward and that reward is in form of token and I can use
that token to purchase discounted items, as I understand what you're saying, right. There's no
reason for that token to go up in price.
So there's, there's a couple of points, right? So the, the first would be the fact that you can
purchase travel with the token natively and the rate that we allow for that booking, um, you know,
may be different. Just like when you use, you know, chase rewards points first booking with dollars,
like there, there's always a difference there. I think we also have to look a bit deeper into
the, what else the token can do. And we talked about, um, you know, just the marketplace,
but there is more in the pipeline, um, that I think some other members of the victory team
can comment on as well on, on how we intend to provide value to the users in addition to the
marketplace. Yeah. Go for it. And again, we, we are, we are still speaking with our legal council
about how we can redistribute profits from the, uh, from the marketplaces back into the token,
whether it's just, Hey, we, the, um, we, the, the token, uh, the, the utility managers and token
managers ourselves, um, generate profit like a traditional business, take those profits.
And then we ourselves decide to, um, to, to use those, to purchase tokens and then to burn those
tokens. Right. I think, I think that's within our right. Again, I, I, I, I'm not going to tell you
that until our legal team confirms it. Right. But it's our full intent to leverage, um, gains from
the, from the utility to support the token built in addition to other aspects that will, you know,
will natural have naturally have, um, uh, value to the token just, and, and again, like as, as,
as Carl mentioned, we're not going to tell anybody, go buy the token, right. Which will, uh, but,
but we think that we've got enough of an offering here and enough, enough of a model that would
substantiate or give people the ability to say, Hey, this is interesting. I like having, um, whether
it be explicit or, uh, implicit or explicit cashflow. I'd like having a team that's supporting
the token in some form or fashion, also helping the, uh, you know, the, helping a lot of people
also doing all the things we're doing. Right. I want to support that token, which will obviously,
I can't tell you this for sure, but the expectation of that activity would be that the token value
would go up. Uh, I do want to just get this in here real quick, cause there's only about
five minutes left and I do have a hard stop at 1230. Um, we didn't focus heavily on the
charity side of this because I know that that's kind of, that's a nice, this right people that's
a separate piece, but can you talk me through, you know, why having charity, which charities
that money's going to, how people can decide where that money goes.
I think it'd be good to cover that.
I can tackle the first part of that. So, um, in the token tax, um, victory, um, victory,
uh, victory donation, whatever you want to call it within that token tax. Um, the 1%
of each transaction on, on chain ends up going to a separate wallet that wallets owned by a
501 C3. It's a direct pass through entity. There's no employees on that 501 C3, nothing coming out
of that 501 C3. It's literally just a direct pass through. And it's, it's obviously in our code
that 1% of every, every transaction, um, every buy and sell of the token goes to, goes to that 501 C3
that currently is going to support three charities. Um, obviously when it comes, uh, to charities,
vetting is incredibly important and not all charities are created equal. And, um, the three
we chose to launch with, um, we have deep connections with, uh, Tony and I are on the
board of one of those said charities. So the three we're first launching with are going to be bikes
for kids, which is, uh, excuse me, uh, a U S they're all, all U S based charities, but bikes for
kids is, um, uh, design a charity with a focus on eliminating generational poverty in the United
States. Uh, second is victory junction, which is actually a charity founded in the honor of Adam
Petty being that we're the title sponsor for, uh, Richard Petty's grandson, Thad Moffitt and work
closely with, uh, Petty's garage and, and the family in general. Uh, it's a natural fit. We've
been to, uh, been to the site several times, their mission's incredible. Um, so it was in the honor
of Adam Petty who tragically, uh, passed in a, uh, accident in NASCAR, um, a little over 20 years ago.
And his goal was always to form a charity that allowed sick children. Cause he got to visit,
uh, children's hospitals with his, uh, father, Kyle and his grandfather, Richard throughout,
uh, his youth and got to see the impact of, of, you know, how much of a difference you can make
in a kid's life when they're ill, um, just by giving them something to take their mind off it.
So this camp actually, uh, brings in children of, um, literally hundreds of different illnesses
that are represented, um, brings them in for a week, uh, also gives their family respite from
taking care of them and allows them to have experiences, uh, that, you know, a quote,
normal kid would have and just take their mind off from being sick for a week. Uh, last, lastly, uh,
OPFOB, which, uh, is a long acronym, but it's, uh, it's a veterans charity in the States. Um,
it specifically is designed to help, uh, help curb, um, the epidemic of, uh, veteran suicide in the U S
but it brings in veterans, allows them to, um, you know, kind of have the camaraderie again that
they had while they were active duty, um, helps them assimilate back into civilian life and just
gives them a sounding board, uh, to speak with other veterans. And, you know, much like, um,
victory junction gives them, gives them time to go get away from it all. And, you know, just,
just feel good and have, you know, have great experiences and, um, you know, great, uh,
great camaraderie with people, the only people in the world who can understand what they've,
what they've been through. Uh, so those are the three out of the gate. We do plan on supporting
several more, um, as we grow and we want input from the community, uh, as far as kind of favorite,
favorite charities of those out there. Uh, we, we do want to add several more, um, in 2024,
uh, but for 2023, those will be, those will be our charities.
Okay. Perfect. Well guys, it was a pleasure having you on. I do have to wrap up real quick
cause I got this 1230, but, uh, we did a full hour. We think we got all the details out on the
table. Great questions from the panel. I think that everybody's just buttering everyone up. These
spaces are kind of useless. If people are asking actual questions and there's good back and forth
and there's question and answer, that's where you find value in these. Uh, we gave everybody some
great resources. One more time. We can join the telegram through the top of the space, get entered
into a spot on the white list as well as $150 giveaway. Any final comments you'd like to throw
in here, John? Yeah, that's, I just had one final comment. It's pretty simple, right? We're taking
an existing business. We're taking the commissions, which are cash from these originators, Marriott
Hilton. We're giving those back to the consumer in the form of victory impact coin. And with
that savings, people are going to be able to simultaneously contribute to three charities
to start. But ultimately, as we build this thing, hopefully of hundreds of charities globally,
if not thousands. So save money, do good. Everybody's happy. Win, win, win.
Perfect. Thank you. And any last comments from the team? That John, anything?
Okay. Just, uh, just want to say thank you, uh, to, uh, Gav, uh, Evil and the rest of, uh,
the panel and everybody who asks questions, uh, much appreciated entire community as well.
Thank you guys for having us on. Appreciate it. Thanks very much. Thank you.
TJ Evil. Thank you. Gav. See ya. Bye.
Absolutely. Pleasure. Thanks everybody. I am going, I'm actually closing this space,
but I'm just going and opening up another one from a different account. So I'll be on spaces
for the rest of the day, but you can just catch me there and we'll be live streaming the Apple
event. So I'll talk to you all on there. Come by. If you want to listen to the live Apple
event, take care. Appreciate it. Thank you, everybody.
