My voice is a little going in and out, so thanks for having me.
Hope everyone had a great, long, three-day weekend, Memorial Day weekend.
I'm excited for the stock market to be open again.
A lot of stocks open up at 52 Week Highs, and videos about to join the $1 trillion market
cap club if it holds over $4.05 at the open.
I got notifications, QQQ, Facebook, et cetera, opening at 52 Week Highs, AMD, Salesforce, and
So market is hot, probably off of that debt deal over the weekend, and videos said AI
about 100 times over the weekend, and a couple other stuff, but seems like it's
going to be a bit of a deal.
I think it's going to be a bit of a deal.
But overall, a lot of stuff happening right now.
We have a lot of job data this week, job openings, U.S. hourly wages, unemployment report, initial
So definitely jobs data is the big ADP employment as well.
Jobs data is the big macro stuff that we should be watching this week.
The Fed blackout period should be starting up soonish as we are getting closer and closer
to that next FOMC meeting, but overall, a lot of stuff happening right now.
I was feeling this might be a little bit of an in-between area as we get past that lack
that earnings going into CPI and FOMC, which are a couple weeks away at this point.
But now it seems like we have some craziness coming up, and the Fed will enter a blackout
window, meaning no more Fed presidents will be speaking as of this Saturday.
So we have one more bunch of Fed presidents, and then you should be hearing nothing after
that for two to three weeks.
So a lot going on, excited for the week ahead.
A couple of new stories in the video, getting ready to crack, a trillion-dollar market cap
is the major one from the morning.
Elon Musk is in China right now, meeting with a couple of people in Beijing.
The US TSA said it screened nearly 9.8 million airline passengers over the four-day holiday
weekend that is above pre-COVID levels, 2019, by about 300,000 passengers.
So they were doing about 9.5 million pre-COVID.
That's an interesting data point and a couple other stuff, but I think that is a couple
Last thing, NVIDIA did have that major event, and I hinted at it, that they said AI a hundred
They had 14 separate PR announcements of partnerships using AI and utilizing it.
Jensen Huang sent the day before giving a commencement speech, and he said the A-word
So NVIDIA is fully bought into this theme that's going on right now.
And again, 405, we're getting closer back to it, is the level that right around there,
it would be passing a trillion-dollar market cap.
So keep that level and watch, and it should be a good day.
Thank you for the rundown there, Evan, Ash, and Adam.
I see you guys up here looking to get Matt in here as well.
I see Matt popping in right on schedule.
Ash, do you want to walk us through your game plan for today?
So today, I'll probably be taking some positions off, because as an option trader, particularly
as an option seller, I play some credit spreads and iron condors over the long weekend so
I can get some nice day to decay.
So today, looks like the market is, I mean, the market is just acting, not in terms of
rocket scooter terminology, but the market's just a little irrational for my liking.
It's a little too extended to the upside, especially the Qs, spies lagging the Qs, obviously.
So I'm looking for some opportunity there.
One opportunity that I'm watching for today and really the rest of this week is Qualcomm.
So we all know what Nvidia is doing, what AMD is doing.
I think that's kind of old news at this point.
But Qualcomm is the laggard of all of the chip companies.
It had a huge day on Friday.
So there's that, but in all intents and purposes, I mean, Qualcomm is just massively lagging
every other chip company.
That'll probably be more of a midterm swing trade.
I'm talking probably maybe 60 to 90 days out, because the market is bullish really through
the middle of July, I would say, according to what we're seeing on rocket scooter on
So the market does have some bullish sentiment going for the next handful of months.
So I'm looking for stuff that is lagging everything else.
So Qualcomm is on my radar.
Yeah, it's definitely an interesting one with for sellers right now.
I do have an Apple debit spread as well.
Waiting to see where that opens up.
So definitely, it's an interesting positions with you as an option seller at the moment.
Yeah, I put an iron condor on the Russell and I trade the Russell very, very frequently
because the premiums are just so juicy, you don't have to worry about getting assigned
So there's a lot of positives there.
And the theta decay is just eating these contracts away because I only put them on
for this coming Friday's expiration, which is June 2nd.
And half of those contracts, I entered those on Friday.
And then we had Saturday, Sunday, and then Monday.
So half of those contracts are already eaten away by theta.
And it looks like the Russell and IWM is I mean, it's gapping up a little bit.
But since that theta decay is already hitting it so hard, it's not it's, it's gonna be irrelevant.
All right, Matt, we got you in here.
What's the game plan today?
I am on vacation, so I'm trying to get my my portable stuff set up to look at everything.
But the game plan today looks like the market broke out, broke up to the upside.
Obviously, I like to flex on this one, I was probably the first one on Wall Street to
call it two days after the bottom, made a very substantial post.
And I made it on Reddit to talk about why I thought the market was bottoming for through
the year and through the summer, that we wouldn't see nasty market at least until
There's a whole substantial backing for that and basically has everything to do with knowing
how the labor market works and all the logistics that are going into what cause inflation.
And so technically, as that bottom rolled in, you know, we've seen waves of buying, we've
seen so much stuff going on that has me confused.
But as I've kind of put more thought into it, it doesn't make sense to see the market
So the last couple of weeks, you know, Ashton, I were looking at monthly maps, we talked
to so many people that are interested in like just taking demos of rocket scooter
just to see what the monthly map is about.
This is the tool action I have with rocket scooter that can look at positions months in
advance and look at how far out the market can stay in this bullish range, for instance.
And we see on the S&P that the market is steady until mid-July and in the Nasdaq,
it's steady until August.
So basically what it says, there's net buyers that are accumulating or willing to accumulate
lower and not change their sentiment until that time.
And there are shorts that are simultaneously getting squeezed and they can't flee fast
I mean, I think I made a post during this breakout before the breakout we had a couple
of days ago, but they used Microsoft as an example and just showed that Microsoft's
bearish position was rapidly deteriorating.
And then, you know, people were kind of giggling because that day was like a small
red day and then three days of just rally, rally, rally.
And the idea is that, you know, positions don't lie.
People tell you what they think.
People tell you what they want you to hear all throughout Wall Street.
Positions tell you where everyone's homework is, where all the news is, where all the
And so when you look at the advance and the monthly map, it just shows that this market
can't get any more bullish.
And in the middle of all these bearish fundamentals and macro, it's odd that you'd see that.
But it's not odd if the Wall Street path to play is less of a dumpster fire than leaving
in cash and letting it get gobbled up due to inflation.
So when you think about it, it's the lesser loss of all possibilities.
So people can't park their money in stocks fast enough, especially when you have a tech
boom like the AI boom that really is a lot different than the other booms out there.
You know, like the crypto boom didn't have the substance and I guess utility to be
as globally useful and worldwide as AI does, which is which, you know, the crypto technology
Not everyone can use and everyone understands how to use it.
I mean, it's writing movie scripts now for people.
So no one wants to miss out on that because it came and it's just booming and it's
it's not a bubble that's really likely to burst like the Internet bubble did because
the technology wasn't fast enough to support everybody's dreams.
I mean, it's so emerging every day.
There's like new apps for it, right?
So tech is what's carrying and if you look at tech monthly maps, they're carrying and
they're carrying strong and bullish.
People aren't going to park their money there and then decide to sell it because
People are parking their money there and holding that stock, they're going to buy
It is the strongest market we've seen in a while and I'm not letting the bearish
macro interrupt my vision of what those positions are.
And Rock's computer shows you all of that stuff.
So I'm excited to see how this week plays out.
It's a brand new week after we've had a breakout this morning.
I'm obviously looking at the index products in my own trading.
I'm going to be monitoring any divergence between the SP Russell and
Aztec just to kind of show this continual pressure on tech.
So that's just what I'm going to get everything loaded up and I'll have some
numbers for you guys in about five minutes.
Awesome breakdown there from Matt across the board.
And like Matt said, super exciting.
We're going to be able to see when this opens up where the large players in the
game are positioned and then we can turn around those positions.
I did go ahead and I commented that for those that want to see it.
I'm pinning it to the top for those that want to check it out right now.
It is in the top of the space to go ahead and take a look at what we are using to
see where Wall Street is positioned themselves.
So definitely some good info in there.
And then we're excited to see where that opens up in about four minutes.
Adam, want to walk us through some of what you're watching today?
Hey, good morning, everyone.
Yeah, like you said, we only got about four minutes here.
I think Ashton and Matt pretty much hit it on the head.
And I think in a lot of these spaces, what I like is that although we all
trade differently, we're kind of aligning with what we're seeing here.
And I've been on the same side of agreements and that the market's
probably going to continue higher here, at least for another month or
so, and the data back set up.
So I'm basically just going to wait for a little bit of a cool down this
morning before hopping into anything, waiting for some major retest levels
and then kind of assessing it from there.
Let's see what the data gives us that open.
The one thing that I'm keeping on watch for a longer term play,
I like going long on SOFI, but actually now I'm considering going short
if it comes up a little bit higher, mainly because they carry a lot
And if they are paused once again, you could see some short term
So I'm waiting to get in on that position, but something to keep on your radar.
If that sounds interesting, just keep an eye on Biden and when they're going
to talk about student loans, keep an eye on SOFI if it pops up hard
with the market, might take a little short there, write it down
and then get back in long term.
It's kind of the play there for something more in the next one to two months.
But outside of that, for day trades, just going to wait and see
how we open up and I'll let you guys know if I take anything.
Fantastic. Thank you, Adam.
And yeah, Minx, do you want to just walk through some of the levels you're watching?
So I trade futures mostly and right now I'm just looking at ES
where we keep rejecting a key level that I have, which is the 4238.
You know, at the moment, I'm not looking to take a trade when we open.
I need to see if we're going to pull back more and then come, you know,
break through the level that I have, or if we will be just, you know,
waiting for the consumer confidence news to come out.
So right now, I'm just now going to take a take a trade at the open.
OK, got it. Thank you, Mick.
All right, just about a minute or two to the open.
Just looking through some of the news, see if there's anything else interesting.
There was more AI stuff from the open.
I see you writing a letter that I risk is on par with pandemic and a nuclear war.
Of course, they didn't seem to share those sentiments a month ago
when Elon Musk wrote a similar letter.
So we'll see what happens.
A couple of stocks on watch right here.
Microsoft's edging higher pre-market trading boosted by positive analyst
We've had Dan Ives here on Spaces with us.
Ford rising on Volition, Vince as well.
They partnered with Tesla.
The stock is up several percent, I believe.
Today, you go ahead and take a look at Ford.
I see we're coming into 930 a.m. here.
So if anybody has taken anything,
feel free to go ahead and share that right now on stage.
But another one was ChargePoint CHPT.
Shares are advancing more than 5 percent, I believe, for the Bell.
About what I saw it up, 8.83 percent.
And it looks like HP is scheduled to report their quarterly results
after the closing Bell tech firm is expected to have 76 cents per share.
EPS as well as revenue about 13 billion.
So four stocks to watch right there.
And then there's this whole talk about what's going to happen
with the debt limit agreements.
Is it actually going to get approved by Congress?
We can talk through that in a little bit here.
But real quick, paper, we do have you here at the open.
I'm watching. Yeah, good morning.
I see this this debit spreads up about 15, 16 percent.
Anything else you're watching?
No, that one. Is that it?
Looking for about 30 percent for a first trim,
somewhere around like two twenty five, maybe more like that.
Yeah, I like 20 bucks more.
I think this open just got to be careful with spreads.
They'd ask it's a little funky sometimes, so patience is better.
And and that that's just the initial trim.
I'm in Netflix calls to the upside.
So actually looking pretty good this morning.
And I actually have Datadog put
or not, I just wanted to have some kind of put exposure to this.
But yeah, still keeping this kind of like somewhat bullish.
Sentiment, I suppose, for just this week
and cautious about what could happen with some potential like,
you know, that feeling till the news events.
So I'm going to you guys mentioned this consumer confidence
going on about 30 minutes, so I'm going to be
probably waiting for that to come out before I make any major moves.
And again, it's a short week this week, so for day traders on options,
just premium tends to burn really fast all week.
So just be super cautious of that.
Yeah, definitely a good point.
Matt, do you want to cover where high pressure opened and what that means?
Yeah, I'll give a little opening read.
So the rocket scare everybody if it's your first time here.
The platform at nine three in the morning gives a generated layout on your charts.
It's completely automated.
What are what are bots and algorithms do is they dig through all the options data
and it extracts from what it believes are market maker dealer positions,
which are basically the sell side of the market.
And so when you can divide up the actual
positions into people trading against the house,
if you think of it like that instead of traders trading against each other,
you can see where real bulls and real bears are positioned.
So where the house is kind of neutralized in the middle.
So rockets here can determine every morning if a stock or an index or anything
The S&P, for instance, open today with a read.
The read, it says bull long and up and all three things are pointing up.
So what those things mean are we've opened the bull side of positioning,
which is a four twenty support.
We've opened on the long side of hedging against dealer options,
which is four twenty and a half.
And then we're way above monthly.
There's another balance point for monthlies, which is much lower than that.
So when all things are lined up this way, the market's really long and strong.
And you can see we're in a gap and go situation right now.
Positions don't like positions show you the sum of everyone's homework.
And so with the S&P, there is definitely all all data is pointing up.
So this is a really nice, strong open.
If I were to do, you know, Adam and I are probably on the same page here.
I do want to wait for a pullback for me to dig into any substantial long
as I believe the rally is going to keep going.
Any opening scalp like this, I'm going to scalp to some, you know, very
like essentially I would get like a move to a
I'm not done doing the analysis because I'm kind of mobile, but I would
trade it to a target like a gap or something and probably get out of a scalp.
I'd want to see that hedge pressure support.
So typically what we do in markets is we like to find those hedge pressure
numbers and let them be support for us to get into an open position.
So for instance, today, with 420 and a half on the S&P, that is
that is the clearest day support for like the end of the day or middle
So if we have any pullback, it's likely to hold for 20 and a half
because everything's nice and strong.
Now, there is some information that comes through for all the other
stocks as well, and we look and analyze how strong the gap is across
the stock market, not just the index.
So today we have a number called resilience, which is a strength of
So a gap is when you open higher or lower than the previous day.
So, you know, obviously every morning you gap in one direction.
Today we gapped up and the S&P, there's a number, the resilience
number, which shows the strength of it is actually very weak.
So this actually might pull us back to try to fill the gap today.
And I think that's going to be nice for us to see that.
So I'm not looking to chase this long to the upside unless that
number on rocket scooter goes positive.
The S&P and NASDAQ are both negative at this point, which does
out to the upside and just, I usually give it like a minute or
two to stabilize and if those numbers pull back, then we're
likely to pull back as well.
And that's as quick as my analysis goes.
And every morning I do my analysis, it takes about a minute or
two, and I already know how the rest of the day is ready to
I see it has its hand raised.
Earlier this morning, I mentioned one of the stocks that I'm watching
in particular is Qualcomm.
And I'm looking at the rocket scooter platform right now, and
I'm just scanning for monthly hedge breakups.
So, and at the top of that list, low and behold, Qualcomm.
So I actually go and I like to sort by volume.
I like to find the stocks that are obviously moving.
Another one that's on that list that caught my attention
So this is telling us the stocks that are breaking above the
So everything that Matt just alluded to about where market
makers are hedging, monthly hedge is the same thing just
for the monthly contract.
So it would be for the June 16th contracts, if I'm not
And there's usually, not usually, but the vast majority
of time, any time we breach that level on any particular
stock or ETF, we do get an influx of volume.
So right now, the monthly hedge pressure for Qualcomm is
at 115, and it price is trying to really, really bounce
cleanly off of that level.
But as Matt alluded to just a little bit ago, that the
market is looking to pull back.
So Qualcomm is, you know, it's just like any other stock.
If the overall market comes down, it may have a tailwind
So I'm looking for a potential entry.
If we break below it, maybe get a mini gamma squeeze to
the downside and then get a break, I'm sorry, then a hold
in on its daily hedge pressure at 111 and look for a bounce
And then I might long that puppy today.
Well, for anybody, I guess that was in the spread
from Friday, there's the 30 plus percent for the first
Yup, very nice move there on those coming out of
Watching Tesla and Matt, yeah.
Watch them for this 200 level right now.
Tessa already up almost 5% on the day.
It's a three day weekend kind of IV.
So the people always ask about like data burn over the
It's funny to like, it doesn't actually say it is a 24 hour
But on Monday or, you know, opening the opening print of
the first day of the week, IV is insanely high.
So it actually offsets the majority of that data burn for
over the weekend positions.
But once things start to slow down, that's when it really
kicks back in when the IV pulls back.
So it's just kind of cautious, man.
Totally missed that Tesla break.
That thing is ripping right now.
That's a really good point, paper games.
So that's actually one of the things that I teach too, is that
whenever you're looking to sell options, actually people think
that the best time to sell options is on a Friday, which is
But there's also other times that are also great for selling
I would throw Thursday in there too.
And of course, anytime there's a binary event, which you can
do that at your own demise.
But to your point, another great time to do it is first
thing, Monday morning, or in this case, it'd be Tuesday
morning, because you're absolutely right.
The moment that market opens, people are frantic and they're
trying to get in and out of positions and the anticipation
and the implied moves and all those things are very, very
high once the market opens.
But you're absolutely right on your other point to where,
you know, give the market, I would say, maybe about an
hour whenever the market opens on a Monday or in this case,
Tuesday, and you'll see those premiums just start to slip
So that's why people, I have a lot of people come to me and
say, Hey, I'm trading zero day options, and this will be
And I took a buy calls on zero day options, you know, right
when the market opened and the market went in my favor,
the market went up and I ended up losing money.
I was just like, Well, what time did you buy in the well,
right when the market opens?
Oh, well, that explains it because your your premiums are
just decaying very, very fast.
Damien, I want to share some thoughts on what you're focused
So I actually just took some gold shorts and some euro
I haven't been trading currencies too often since the
indices have been kind of flying as of late, but I just
So I sold some euro USD and some gold.
The play is still to buy the dips in the indices.
You know, the way I look at it is the market is still very
bullish. All the institutional liquidity is coming in to
So trying to fight it, I teach a lot and I have some
students who try to short the indices a lot and they
just get burnt, even though, let's say, the RSI will
show that it's overbought or on a technical level,
there's strong resistance zones, which shows that it
should reverse back down.
You know, it's kind of like trying to put a fire out
with water, but there's gasoline being poured on the
And that's all the liquidity that's going into these
products. So we try to just focus on only clicking
buy for now until the market sentiment changes.
So right now, eyeing the US 30 or the Dow Jones, because
it's dipping on the hourly to some key levels.
I'm going to try to press buy there and going to see
how these euro USD and gold positions kind of lay out
for today, going to hold for the rest of the day.
That's pretty much it so far.
I'm going to put all my levels down bottom where I'm
going to end up buying into the indices.
And yeah, that's about it for now.
So yeah, market right here.
We were talking Apple a little bit.
That one seems to be holding up decently nice up about
1.78% at this point, semi still cooking at the moment.
And video did become the ninth company to hit that
trillion dollar market cap.
If you're watching Nvidia right now at the moment,
they are up about 6% and breaking higher.
Semi still going in video now 36% this past week.
So Ashton, how are you buying, selling, doing anything
with the premium on these type of names
or are they just too volatile at the moment?
Are you referring to in the DMD?
I'm probably staying out of them because I'm just not.
At this point, I don't want to jump in front of a freight train
and I also don't feel comfortable going long on anything
when they're this extended.
So if I, I mean, they could continue to go up.
Hell, I mean, Nvidia could go up to 450 for all we know.
And if I missed that move, so be it.
There's a million other plays in the market in the meantime.
So in terms of selling for premium, there's two and there's
really three ways you can do it.
Number one, you can do it to the, to a bullish sentiment.
So you can sell, you know, like a put credit spread
or you can even sell outright puts in general.
And yeah, the premiums on Nvidia in particular
are extremely juice right now.
The IV% on the stock is very low,
but since the stock is so high,
those premiums are going along with it.
So you could do a put credit spread and get some premium
and that would be a bullish, bullish neutral trade.
But I don't feel comfortable doing that
considering how high the stocks are.
Plus, if I'm not mistaken,
Nvidia did a, an offering over the weekend.
So, you know, that could be a sell the,
sell the news kind of event too
after this initial gap up here.
And then another way you could do it is
for a bearish sentiment, you could do a call credit spread.
Yeah, definitely not doing that.
That would certainly be jumping in front of a freight train.
And then the third way you could do it
is you do a neutral trade.
So you could do a strangle or an iron condor.
And well, Nvidia does not like,
it's not really a big fan of going sideways
I would also throw Meta into that group or,
I mean, Meta's chart just looks disgusting
So all three of those options, I'm not really a fan of.
So I'm just, I'm staying away for now.
And then Paper, would you be feeling out
more of these call debit spreads that we did?
Would I be peeling them out?
aside from being like a seasonal-ish trade,
I think I have a handful of trims planned.
I think we just hit the first one.
With debit spreads, there's a neat thing about them
if you structure them right.
And, you know, asking you actually for like speak to this too.
Whenever the underlying like the,
let's say Apple is trading closer to your short strike
from then your long strike, right?
So in this instance, we've sold the 187,
As long as the trajectory continues to be up
and it's almost at 180 today.
which we have a couple of weeks on still,
will actually pay you to hold.
So I no longer have that theta risk, if you will.
And an IV, when it's structured right,
let's say they have a better impact than a single,
that'll actually be beneficial for a debit spread,
as long as that prior condition remains
where the underlying is closer to the short strike
than the long strike in that event.
So the way that we structured this one right now,
this is a perfect kind of trajectory.
I'm just gonna keep it here.
I'm not gonna trade in and out a whole lot.
First trims, I'm usually taking the largest, to be fair,
and then kind of like quickly getting my principal out
and writing this profit as quickly as I can.
So no, I'm not actually planning on taking
I think that was a perfect kind of exit point,
right at that like 178 plus,
So, you know, I guess that's what's good
about being a little bit more advanced trader sometimes
is being able to at least one estimate your contract values
and understand like what the trajectory will do
to your spread moving forward
and being able to really like size it
so that you have planned exit points at multiple stops.
So the next one for me would be about like 320 on this,
which I don't see happening really anytime soon,
maybe Thursday, if this continues, keeps the course.
And then I would close this only really
if we get a close below, I mean, I guess below 173.90
would be my point where I'm gonna be thinking
But even at that point, having taken some profit already,
I don't really have a situation
where I'm gonna be losing money, even if that does happen.
Awesome, yeah, I appreciate the breakdown.
Super interesting playing around with these spreads.
Let's take a look real quick back at Rocket Scooter.
So for those that haven't taken a peek just yet,
all you got to do is scroll up to the top of the space.
There is a single post pinned into there
and that has the information that a lot of us up here
are using to trade off of essentially just looking
at where is volume going to come in.
Today, you could see off the open, we were bullish long up.
We were already above hedge pressure.
Hedge pressure was called out by Matt at 420
in the beginning of the day.
And you can see, right now sitting at 421.86,
I actually wouldn't be surprised
if we do end up on hedge pressure at some point today.
NVIDIA and NASDAQ and some of those others
pushing a little bit harder,
but it's by kind of pulling towards it.
So 421.02 is our half gap
and 420.5 currently showing as the hedge pressure
to that point where a lot of people have a position
just looking up and down the options chain there.
Then of course, the monthly is still,
I mean, the monthly is still, I think way, way, way below.
Yeah, monthly is all the way down at 403.5.
So pretty significant spread between the two of those
that I'm watching right now.
Ash, then looking at spy right now with that 420.5,
would you just continue to wait basically today?
Let me get my spy chart pulled up here.
I was busy looking at individual stocks,
not the spy this morning.
So 420.5, is that the hedge pressure for the day?
And the reason for that is because resilience
is very negative right now.
Resilience is around a negative 20,
which for those of you who aren't familiar
with what resilience is, it's our gap fill predictor.
So if resilience is negative,
that's telling us that the stocks
or in this case, the spy is most likely
to fill the gap to the downside.
And the more negative it is,
the more likely that is to happen.
So if Matt and I only feel comfortable
whenever the resilience is either negative 10 or greater
or positive 10 and greater.
So I guess negative 10 and less.
So negative 10 and positive 10,
those are the stronger numbers
that give us a real confidence in the gap fill predictor.
And right now it's a negative 25 and dropping.
So yeah, I would wait for some kind of pullback
and let that resilience number work itself off
to become neutral or even positive, flip positive.
But I think it's the spy and the cues,
definitely the cues are finding an uphill battle
So there's no point in chasing anything
I actually think there might be better opportunity
in just individual stocks themselves this morning,
Ashton and Minx do let me know
if you do take anything as well.
So right now ES is basically just moving
in a very tight range, which for me it's a trap zone
because we're right at the point of control of the 4233.
So I have not taken a trade yet.
I'm waiting to see if we can,
if we're gonna break below 4229 and hold,
I would be willing to take a short if we do that.
So right now it's just a trap zone.
I'm not gonna get into anything.
We're about nine minutes away from news anyway.
So we'll see what happens after the data comes out.
Yep, interesting piece here.
Granite shares said that they will close
a recently launched single stock leopard ETF
That is a 1X short Tesla daily TF is now being liquidated
and we'll cease trading on June 16th.
So the bear's not having it right now.
They're gonna be listed liquidated.
TSLR is going to be liquid listed.
Okay, yeah, that one was the other one TSLQ, right?
Yeah, that's the one that actually has volume.
Yep, this TSLR does not have a ton
from what I was seeing it was,
yeah, daily volume of less than 10K.
Some of those, you know, leverage ETFs,
I just don't trust them at all anymore.
Like I like the direction, the action, whatever ones
and some of them like, but like the Apple,
I've tried, does not, I don't know.
You're gonna be really cautious, I suppose,
on some of those leverage ETFs that don't have volume.
Those ones, I have not had a ton of them.
Paper, are you referring to the leverage ETFs
Yeah, I'm not paying them for me.
Some of them, like, yeah, definitely the ones
on individual stocks, like Tesla would be the exception,
but there's an Nvidia, there's an Apple,
there's a Microsoft, I just don't.
You know, volume's like a, it's a,
like a check mark, I guess, that they have to have.
Otherwise, I just don't, I've had it where like I did
maybe had something with one of these
and, you know, the price action did,
it just did not match what it should have been.
Yeah, and from an options standpoint,
I mean, the liquidity on those things are terrible.
Triple leverage, any leverage is options.
I mean, just reserves for selling premium for me.
Yeah, I remember when those were launched,
maybe what, a year and a half,
or maybe two years ago or so, somewhere there.
And they were optionable pretty much right out of the gate.
And I mean, two years later,
you would think that they had just launched these things
because the liquidity is still the same
as it was when they first launched them.
And there's just a graveyard.
I mean, there's nobody really trading these things,
Someone just brought this one to my attention
in a rocket scooter discord
and they're asking about Airbnb.
So anybody who's ever traded Airbnb knows that Airbnb
whenever it gets some momentum behind it.
And I'm getting some reversal signals
on some other tools that I use.
And the rocket scooter shows a monthly hedge pressure
Airbnb is currently at 108.
And for today, there is a pretty sizable bull zone
going all the way up to about 115.
So if Airbnb gets any kind of volume behind it,
I'm actually watching this.
I actually might take a swing trade,
maybe go, I don't know, 30, 45 days out
and maybe catch a nice move in Airbnb
over the next handful of weeks.
So keeping that one on watch as well.
They actually had that exact one on watch too.
It likes to balance around this $100 level.
And plus, you know, there's no,
there's no events coming out.
I mean, earnings are in the rear view mirror.
the sentiment is slowly starting to change.
And from a fundamental standpoint,
if you want to consider that,
I mean, summer's right around the corner,
But, you know, from a raw technical standpoint,
it looks great from a rocket scooter standpoint as well.
I just closed out my short scalp.
S&P futures made about $1,800 profit.
This is a pretty textbook plate
with resilience being negative, right?
I should have bought the integrity of the gap
This is rocket skiers all about.
what you want to see, look at what is.
You can see the market gapped up
and the integrity was just really bad
on both the S&P and ASIC.
And with tech carrying the market,
with both of them looking low,
we just know it's going to trade back
and it's probably going to go lower.
So my commitment to the day,
it's going to be really light.
So I just want to get a quick scalp in and out.
S&P had like a 422-ish level.
I think it was a gap fill at some point.
And once we hit that gap,
resilience is one of the best tools.
I taught a class on this last week
and we call it our Swiss Army Knife.
It's used for entries, exits, false breaks.
You guys remember the first thing I said
was today's likely a false break?
I mean, it's like I'm not waking up.
Adam was actually the first to say it.
And I think that what we're looking for
is this hedge pressure interaction.
And as the day progresses,
like I think we might close at this 420 and a half.
So a rocket scooter is a platform
that's designed to kind of make all their platforms obsolete.
What we show you is positional risk.
We show you where market makers are positioned,
where bulls and bears are positioned.
This analysis alone has replaced technicals for me 100%.
Trying to chase trends and patterns
I look where positions are.
I look for very simple indications.
The integrity of the gap was really weak.
Within two minutes, those green candles going up,
This resilience summer says
they're probably coming right back down.
As Wolf and I said this morning,
we look for this hedge pressure every day.
It's one of the major interaction points.
And this is a quick, easy seed
that the market's likely to trade back a little bit.
So I wake up every morning,
we look at these numbers.
you can do this for anything that has options.
So basically all US stocks for the most part,
we can do some kind of analysis in the same way.
It does show the market still pushing this, right?
When I said all things are pointing up,
however, this resilience number was pointing down.
So when you have competing signals,
it tells you there's opportunities.
You might go up and then we might come down,
then we might go up and hold.
So today's gonna be like a nice day
with some big runs, right?
I'm not looking to short it to the ground.
That's why the third time I've shorted all year.
Everyone in my stream is like,
wow, Matt shorted, that's crazy.
Because I very rarely do in this environment,
not since like last October.
And so looking at, just looking at the chart,
it's really easy to see that the market wants to pull back,
but this hedge pressure is one of the strongest pivots
And so there's a very strong support at 4.20 and a half
So everybody keep your eyes peeled there.
And every day we do like Zoom calls and stuff
We teach how these indications work.
It's the next gen of tools for traders.
So we're glad you guys come to these spaces.
We love you all to death.
so I'm not gonna be here too, too long,
but we'll probably, if you guys come every day,
we do Zoom calls after my live YouTube show
and y'all are welcome to tune in.
Ashton does a live thing every day.
Speaking of Ashton, what's up, man?
I'm talking about your short that you just took.
That's as clean as it gets
because I'm looking at our irrational alerts
and everything is rational
and nice and green across the board.
And so that was telling us that our resilience
and doomsday and all those things
were perfectly, perfectly suited for this morning for a short.
So this is one thing that Matt
and I are really, really proud of
is these irrational rules.
So any charting platform out there,
definitely no broker out there,
there's not really any platform out there
that tells you or gives you signals
that, hey, today may not be a very good day to trade.
That's what Rocker Scooter does.
that's actually probably one of the biggest things
for newer traders is overtrading,
chasing setups that aren't really there.
In our platform, we have rules that says,
okay, if this happens or this happens
or if this happens or a combination of all these things,
today might be a good day to sit out.
And if any of those are blinking red,
that's your indication that may be set out.
But this morning, everything is green,
which tells us, hey, your indicators are good to go,
use them as their design.
And what Matt did is that he said,
okay, well, resilience is very negative
or I'm sorry, at the open today.
And it was a very, very clean short.
So Rocker Scooter for the W today.
Yeah, really nice to put there guys,
definitely a super helpful tool,
just showing that pull to 420.5 since the open
and shout out Matt for taking that little short there.
And I like what Matt was also saying,
the videos, the guidance, the mentorship,
it's all included in that link in the top of the space.
So literally, I mean, you just pay for the data.
It's extremely, extremely cheap.
You're basically just paying for this data feed
to kind of come through on a day basis.
And then you get the training, the discord,
and all the other pieces kind of included on top of it.
So a pretty nice all around deal.
And obviously a lot to learn from the Rocker Scooter guys
as well as the rest of the panel.
One thing I am watching right now is AMD is absolutely
It is now down 2.27% on the day.
It's taken, it looks like a lot of the rest
Nvidia does seem to be holding up pretty well
But you can kind of look at Soxel and some of those
and see that it's had a pretty abrupt change
right here this morning that I'm watching.
So I think that's interesting.
I'm not sure exactly what's pulling it,
but I do see Wolf Speed going with it as well.
I have an assumption that perhaps MU or Marvell
are headed to the downside is where there goes MU.
So everything does seem to be pulling back a little bit
in that Marvell down 5% here in that industry
So I'm curious, watching what's going on right here.
Paper, do you get tempted to take some downside
on Nvidia as you see the rest of that industry
pulling back, just not Nvidia yet?
Nvidia, no, I kind of missed that trade.
AMD would have been a nice short.
And we didn't know because of volatility,
I think I'd get a better risk reward on AMD
just because it doesn't have that.
So earnings is a earnings IV burns off
over the course of weeks sometimes.
So Nvidia would be battling that
whereas something like AMD would not.
Plus Nvidia is significantly stronger than AMD at the moment.
So I would say that like, in general,
right now when we have this kind of a gap open,
you have like general gap roles.
I think we talked about it last time.
Anything holding like a 50%, like a half gap,
probably not going to go anywhere for a while.
Maybe a back half press to the upside
if and only if they can hold it.
But once they go back into Friday's trading range,
then we can start trading for that Friday session range.
And AMD is a perfect example of that.
Like that 127.50, 127.40 is that prior trading range.
At this point, if I get a bounce up to 125,
I mean, this is just such a huge move.
Downside targets would be two Fridays range,
which would be down to like 120.
But even AMD, that would have been the one,
but I kind of feel like you might be chasing at that point.
The only other thing maybe Tesla here
is pulling back into Friday's trading range.
But generally speaking, that's what I'm looking for.
Tesla still has a gap filled down to like 194,
but looks like it may have filled in the pre-market.
And that rejection this morning at 200,
that's also the 200 day moving average.
So that might be a better spot to short
for like a few dollars to the downside.
Looking around things like Meta, things like Netflix,
just basically pulling back to the top of Friday's range,
even spy and cues, right?
Just pulling back to the top of Friday's range,
unless those can break down into Friday's trading range,
then I'm not really apt to try and press a downside bet
unless I see some serious volume coming in.
But that would be the trigger is if something,
in general, whatever it is,
if something goes back into Friday's trading range,
where whatever that close was,
we can trade that range for today's day trade.
I do have to say, I was just gonna say,
using, in video, the semiconductor company,
and that's pretty obvious.
And normally I would expect it to over trade with them,
but over the last couple of weeks and months,
it's become, quote unquote, an AI company.
And I would hesitate to trade off the moves
in semiconductor stocks and equate it to NVIDIA.
I personally would have thought the same thing.
I wouldn't equate it to AMD as well.
It feels like they're kind of not anything close
to what NVIDIA is in this theme,
but they are, NVIDIA can't take it all
when AMD is the second player in this area.
So I would even avoid AMD if I'm being real,
but the moves speak for themselves,
but I just, it worries me to just think
that semiconductors are going down,
I don't think NVIDIA is gonna move as closely
as it normally would to semiconductor companies
I was trying to say that with AMD,
I think that was a $5 move in, what, 15 minutes.
I think that has mostly played out.
I'm very shocked AMD has not gone more into this AI theme.
They were talking about it a lot,
that their computer, that their chips are the best
And I think they gotta lean on it more.
I think there's something more,
but AMD should be moving,
I think AMD should be tracking to a video.
I think it has been for the last couple of days,
but it's moving away today.
Man, is anybody watching the blockchain stocks
Because Riot just really caught my attention here.
Monthly hedge pressures at $12,
it's just now breaking above it.
And I see a high squeeze forming,
and these are extremely rare.
And we all know how Riot and Mara
and these blockchain Bitcoin related stocks
I might be taking a stab in Riot today,
not as a day trade, but as a swing trade,
because these high squeezes can take some time
I see a clear shot to maybe about 17 bucks,
which is a big, big move for Riot.
So I might actually, in the way I trade,
I don't like to buy calls outright or puts.
I rarely, very rarely do that.
I normally, so for a bullish position
that I'm leaning toward here on Riot,
I would do a call debit spread.
So what that does is say I buy $12 calls
or $11 calls or whatever,
a little bit further out of the money.
So I would do something like buy the $12 calls
and sell the $9 calls, something like that.
And what that does is one,
it does cap your profits in theory.
I mean, not in theory, but it does cap your profits.
well, that sucks, man, it caps your profit.
Yeah, well, if you structure it right,
then your max profit could be still a four or 500% return,
but that's not, that could happen.
So the reason I like call debit spreads
or put debit spreads is because it cuts your theta in half
or however you structure that.
So that allows you to stay in the trade longer.
So as your theta is eating away your $12 calls,
let's say, you're selling the $9 calls,
there's that theta, that theta is going in your favor.
So essentially your net theta is essentially cut in half
So it's a very nice trade.
It allows you to put a small amount of capital
for a potentially larger move
and offsets the theta at the same time.
So keep an eye on Riot and Mara.
I actually had Coinbase on watches broke over 200 day.
Ethereum in general was looking super bullish
Yeah, I have my eyes on these one 20 words, 365 calls.
They're a little bit spready.
I wanted them under like 120,
but breaking over into the off here.
But yeah, this space in general looks really good.
I'm just gonna have to level up here.
I wonder if I can get another play on DTSD here.
I saw some 450 cover calls.
I wanted to sell them 450,
but yeah, I may have missed that opportunity with this.
You have 450 cover calls that you sold?
Yeah, I sold them a while ago.
I mean, I'm looking at these $5 plus here.
I don't, I would probably wait as a water volume.
I'm running through the numbers this morning
and it's interesting to see,
this is kind of this textbook play
Ash and I were talking about.
You see the market gap up
and we're just continuing the momentum
also has some expiration mechanics in it.
And typically what we've been seeing
is that people have been shorting the market so heavily.
It costs money to maintain a short.
Buy insurance against your short to stay short.
Buy calls or buy something, slops,
or that you can exchange some kind of insurance
for your position costs money per month, right?
So essentially it costs a lot of money
to try to keep betting against the market.
And that's in what you're starting to see
is that people are starting to abandon that bet
just because the stock markets become a safe haven
for inflation, believe it or not.
It's just a place where people are parking money
And today when you see this resilience,
which is the integrity of the entire gap of the index
based on an algorithm we use
that looks at all the stocks too,
tech is actually doing the best today.
Like Apple has gapped up and is holding its gap
Some of the stocks, you know,
you would think that key people
are relaxing selling off in tech.
Even Tesla has gapped up and is maintaining its gap.
So when the entire index is showing a lack of integrity,
it means pretty much everything else
but those things are being sold off.
So it would be more believable that,
okay, this is just maybe people taking profits on tech.
This is people actually genuinely getting out of everything
but those couple of stocks lifted us up.
So this is actually probably going to be a nice,
I think they call them inverted hammer,
candle on the daily chart,
where it's probably not gonna crash out
and beat yesterday Friday's closes across the board.
But I think most of the stocks
are probably gonna have that same look.
It's gonna try to trade down and probably stay down.
I don't think I'm gonna get
a nice strong hedge pressure bounce
to rally this or turn it up.
But you can see that hedge pressure
being one of our main interactive pivots today.
Spy, we're in right to it and bounce.
I mean, that's how strong these are.
And if you guys look on Rockaseter platform,
if you're watching high volume spike,
hedge pressures predict high volume activity.
It predicts unusual flow and activity before it happens.
So 420 and a half is a very interactive pivot.
And this, like I said, we're probably gonna trade down
and try to hover towards that
as all the rest of the stocks,
other than the couple of really
shining garlings of the tech market
everything else is kind of pulling back.
So I think today's gonna be on those relaxed days.
As long as we don't close Friday's gap
and continue to trade down,
this is just a resting point for tomorrow's green candle
So I like this kind of play.
Typically, when you have a really strong breakout
like when I started this comment,
they cost money to be short.
And people are just abandoning that
because it's not falling fast enough.
And so, as you think the short squeeze
is gonna maintain until a lot of these positions expire.
we have a couple of weeks of strength left.
And this monthly map tool that we use shows that.
today's gonna test yesterday's close of support today.
And as long as we maintain it,
it's a pretty common pattern.
I hate talking about patterns,
But anytime you see a breakout to new highs,
the previous resistance at support.
like your first day stuff.
And so you just see that hammer candle
that follows up with a nice solid green candle tomorrow.
And that's what I'm thinking.
Hopefully we can see that
going on for the rest of the week.
Man, speaking of monthly maps,
in that same exact philosophy.
So speaking of Riot as well,
I'll look at a monthly map on Riot.
And over the next three or four weeks,
bears are completely fleeing their Riot position.
So that is a very, very bullish sentiment.
And one of the things that Matt and I like to use
of either bulls entering the trade
or bears exiting the trade?
I wish I could share my screen with you guys.
Matt, if you could do me a favor
for anybody watching who's on the Twitter space,
pull up Riot on your livestream
so people can see the monthly map there.
And you guys can see that bears
are just fleeing their positions,
got the pretty steep slope there.
So that basically gives me another layer
of confirmation for bullishness
for the next month on Riot.
So I'm actually having an order submitted
for a call debit spread on Riot
So I like what I see here.
Yeah, let me actually tweet this.
I'll tweet the link on Matt and Rocket Secure
So we livestream every morning.
So as everybody's talking about these stickers,
I'll pull them up so that we can actually show you
what we see while you guys are here
so you can get the cool audio on the space
and then some visuals to go with it.
Yeah, so that's a great example
of what Ashlyn was talking about.
It just shows you where bears and bulls
and this is just classic two-side squeeze.
You got the bear, or sorry, two-side bulls
getting more bullish, very seamless bearish.
And when you see it like that,
the monthly maps have showed this particular pattern
since October of last year,
which is why we were so successful
at calling a bottom and maintaining the market was bullish
when all the fundamentalists were like,
but inflation, but QT, but rate hikes.
And you're like, yeah, but it's not,
markets don't crash in those pretenses, right?
Markets crash when a bubble pops and the bubble popped.
The bubble, you remember it was called monkey pictures
in crypto, you guys remember that stuff?
That bubble popped and everyone that was exposed
to that kind of went under and the stock market survived.
There's really no bubble left to pop, right?
So it's gonna be a mild recession.
The bear market's going to be bearish.
It's gonna have to trade its way lower,
but it doesn't just fall under its own weight.
I'm gonna trade it through enough crashes myself.
Being this business long enough,
you see that the market just doesn't topple
under its own weight unless big companies go bankrupt
or massive layoffs happen or both,
or some bubble pops, right?
And we survived the crypto bubble collapse
that collapsed some banks
and the bigger banks gobble them up.
This is typically what you see.
And as long as the bigger banks aren't collapsing
under their own weight, the market's good.
So we're pretty much good.
There's no bubble that's gonna crash this market to pop.
It's gonna have to slowly and build up something
to collapse or just risk has to become really big.
And typically you're gonna have to see failure somewhere.
So while we're in a bear market, yes,
are we gonna collapse under its own weight?
No, can the market trade up for a year
and then trade down for a couple more years?
Absolutely, it's very common.
There were times in, I mean,
I think 1940 and 1970, the stock market
didn't break new highs or lows for like 30 years.
Most people that are new to trading
are just used to seeing market with momentum
Markets don't always have massive momentum.
Sometimes markets can go sideways for a long time.
And I think we very well can be an environment like that
despite the bearish fundamentals.
Inflation's not terrible, it's bad, but it's not terrible.
Stock market's not collapsing.
People are starting to realize
it's probably a safe place to put their money
because it's less of a fire than inflation,
burns it up faster, right?
So people are just parking their money
and you're gonna see that for a while
and monthly maps show that.
It shows people's desire to buy every dip they can
because losing no percent this year
in the stock market's burning,
losing four and a half, five percent
just from your cash burning up.
So in fixed income, not necessarily
everyone's favorite bet now either.
It shows people's desire to be long and a lower spot.
It shows desire for bears
to get out of their bear positions in the future.
So we can map out as far out as you have options.
Right is a great example of how rapidly
people are willing to buy this dip.
Markets consolidating, right,
for the last couple of weeks I'm looking at
are actually since April and you can just see
that looks like riots breaking out to the upside
and monthly map is painting out that picture.
The bull strengthening their position
bears a week in their position.
It's showing that sentiment change.
So this is a genuine bull market, believe it or not.
This is not just short term mechanics.
There are people buying stuff and going long.
That's the definition of bull market.
Well, that's the art form, right?
And we even with monthly maps,
we can forecast in future when that desire changes.
And when you look at the index products,
you can see right now the S&P, like I said earlier,
has that bullishness mentality
all the way through mid July.
So when I'm forecasting is we're gonna trade up
Few breakouts, you know, a few moments and runs.
This to me isn't gonna be like
three or four weeks of green candles
and top of green candles.
It's gonna be consolidate, break up,
trade down for a week or two, consolidate, break up.
It's gonna keep working its way higher.
And then when those bearish fundamentals
start to kind of build up, right?
the Fed's still having some things,
you know, Ray Hikes possibly still.
The markets and then of course unemployment's high,
production's down, productivity's down,
you know, sales are down.
Things are bad fundamentally.
And so it's all about gauging
when the market's gonna pivot and turn down.
And so we might still have a bull run until the summer
and we might have bearishness towards the end of the year.
I think it's pretty common for this type of environment
that we're in, just strong bull waves
in the middle of a slower bear to climb.
This is one of the rocket scooters of major tools.
It's a fan favorite here.
And you guys are welcome to come check it out.
I kind of talked for long enough for me.
Let someone else chance at the mic.
I'm not making any more trades, subject was my short.
Pretty, pretty chill for today.
Yeah, well, I do agree, Matt,
with like you said, it's pretty crazy.
We were calling this out 420.5.
Everybody that was in here since the open
heard that right at the open.
And if you take a look on the chart
at where spy just came down to,
we came just down to 420.42.
So we were within eight cents there.
And you can see the bounce pretty clean right off that
So nice little short there down to hedge pressure,
I mean, really like clockwork.
I'll just actually post this for anyone that wants to see it.
I'll put it underneath the tweet
that is pinned to the top of the space
just to make this again, really easy to understand.
This is an incredible service.
It gives me a ton of guidance,
shows me stuff on the charts
that I just really wouldn't have seen.
But again, it makes sense, right?
It's just showing us, hey,
where are all these large institutions positioned?
Cause they're going to trade around that.
And when they got down to it,
that's when they went ahead
and they kicked in those buy orders.
So I'm attaching it right here.
Sneak peek of spy for those that do want to see it.
It's underneath the pin tweet.
And again, if you want to try this out for yourself,
you're literally just paying for the data.
Everything else comes included with it.
And that links in the top of the space.
I really don't like trading without this anymore,
I think it's pretty self-evident
based on the fact that it was eight cents
from the bounce right there as to how this is going.
So it's really good pieces.
All right, we got about 10 more minutes
and then we have some more speakers
that are going to come in into here, I believe.
Oh yeah, we got the cane cap guys coming in in 10.
and everything that's going to be going on there.
Let's see what else is going on here for right now.
So I see some of the semis bouncing a little bit
Still watching socks, socks, go Excel.
Laffy, the two main ones for me
is coming into league Tesla or Netflix and Meta.
Those are the most bullish charts.
Like, you know, like really freaking bullish.
Netflix had a massive open, by the way.
It was up like almost, I think it was 20 bucks.
Pulled back and it just retested,
nearly retested Friday's high and bounced on a dime.
So I would be looking for that one really
for like a back half maybe rally.
Again, IV is really high still.
So in about an hour, just before the lunch hour,
I will get another like wave of IV burn, if you will.
But that one looks like it could potentially
Anything over 394, looking for that 400 plus level.
Meta, Meta was a good bounce.
It's the same thing, right?
Bouncing right off the top of Friday's high.
Although that set up on Meta, it's more like a wedge.
So I would just put that one on watch.
It might be more swing or maybe buy a dip
tomorrow morning if you get one.
270 plus calls were actually very liquid
so far out of the gate and they've been moving significantly.
Coin just kind of tagged that high a day.
Cons went like 130 to like 160 so far.
This setup is actually, I mean,
Ashland called it pretty, thank you Ashland,
but I had this on watch earlier,
but it is a very bullish setup.
I'll post it to the timeline
Which one are you referring to?
I was talking about Coinbase.
It was on one of my main watches for this week coming in,
but I don't think I would have remembered it
had you not mentioned the crypto stock.
Hey Evan, we got through Nvidia earnings
as well as retail earnings last week.
Those were kind of some of the big things on watch.
Are we kind of through earning season?
What's going on this week?
Let me double check for you.
The big one standing up for me is Lululemon,
which I believe is on Thursday.
That one should be exciting.
A little more retail to come.
We do also have Broadcom,
which hit new 52 week highs today.
We have Salesforce, ticker CRM, CrowdStrike,
Dollar General and a few others in there.
So not fully passed earnings season.
Truthfully, I'll be looking forward
to Salesforce and Lululemon specifically.
Those are on Wednesday and Thursday respectively.
And yeah, but overall we're 95% of the way
through S&P 500 earnings so far this season.
The EPS growth is up about, I believe this is gap EPS,
up about 8% year over year.
The last four quarters were negative EPS growth.
So the first time that was starting to pick up
over the last little bit,
we do know that a lot of the expectations
So it's been easy to beat the numbers,
but overall 8% year over year growth on EPS.
And that's kind of how we're going.
But we are 95% of the way through S&P 500 earnings.
Lululemon, Salesforce are the two on my watch this week.
And I did mention earlier,
I see paper games ends up on the macro front.
Expect a couple of Fred presidents,
they're black at window for the next FOMC meeting
So they might want to get some words out.
There's a lot of job lists and other job data
that's coming out this week,
hourly earnings, unemployment, wages.
There's just a bunch of different ADP.
So keep that on watch on the macro front.
I was going to say, you know,
I don't know how under the radar it is still,
but Adobe, man, I'll just tell you,
I'm very confident that this company is going to just like
They don't have earnings this week, but it's coming.
I think the market just realized that also,
but 425 was like my first profit target
at that 200 week moving average.
It just tagged that this morning.
I think if this thing gets pulled back
and it's holding over 400,
just I'm just going to put it out there,
like an actual position from an equity perspective.
It's still down pretty heavily from the ties
and it's just now putting in that
bearish bullish actual reversal.
But yeah, I don't know exactly.
When do they, do you know when they report?
Seven, let me see, eight days,
I don't see it this week.
So June 15th, is that right?
So it's not for like a month.
That sounds like FOMC day as well, by the way.
Well, so that would be good for this one
because it would be unscathed by any FOMC stuff
because we'll have a different catalyst,
but I'm just going to put this out there right now.
Like Adobe, five plus, quickly.
Yeah, I just, that company has not missed a beat.
I just, I think it just got forgotten about
Did you see the video they put out?
It was two, three days ago,
maybe it was from a week before, I don't know,
but it was a video showing off Adobe's
software using AI and it was insane.
I have to say, there's a lot of gimmicks going around.
Isn't it, I think it's called Firefly?
I was just watching them edit the,
it was a Mr. Beast cover thing
and they were just kind of editing around.
They were adding in different stuff and it looked good.
That was one of those few eight times I've been impressed.
They have it under beta right now.
I actually signed up to be part of that beta
because I saw videos of it too
and it just left me completely speechless.
So I'm right there in your guys's camp too.
Adobe is a very underrated stock.
I don't think it's talked about nearly enough
and the vast majority in this creator economy
the vast majority of people use Adobe suite
So I'm right there with you from a stock standpoint
and from a product standpoint,
they're at the forefront of AI for sure.
All right, so I think in about two minutes,
some of the cane cap guys are gonna come in and join us.
Market's definitely still looking pretty interesting.
Seems to be creeping around right now,
spy pulling back to the hedge pressure.
Watch this if we get another bounce.
If we get another bounce off 420.5,
y'all better be checking out that rocket scooter
link in the top of the space
because that would be nuts if we saw it again
because we're coming into it right here,
So let's see what happens here.
Kind of have had a short bias throughout the day
just because if you take a look at that first
15 minute opening candle today that we could get on spy,
you can see we broke down below that on the second 15.
We actually haven't had a green 15 in a candle just yet
and now pushing down below on this next one, there we go.
We just got below hedge pressure for a second.
So we got down to 420.47 area
and it's kind of right around 420.5 now.
So let's see what happens here.
I am a little short bias at the moment.
Rocket scooter still does say BSU.
Is that the bear or is that the bull short up, Matt,
with the BSU still kind of pushing out there?
I know that by the way, for everyone Matt's also live streaming
and this is something that we get highly requested
People say, why can't we see your screen?
We want to see the charts.
So if you go to the rocket scooter account
that's up here posting with me and you go in,
you'll see he retweeted a YouTube link.
It's his last retweet on his page
and it's actually a live stream showing
Well, first off, I did post a screenshot of it.
That's underneath the pin tweet,
but two, you could just go to Matt's live stream
and you can actually see him kind of playing around
with it himself and taking trades off of it.
And I mean, look at us holding for 20.5 right here.
So let's see what happens.
Test list of about 3.6% on the day of video
It is trickling down a little bit on Nvidia.
It definitely held up a lot better than the rest of the area,
but certainly you can see semi starting to come back down here.
One of the ways that I examine that
is just by looking at SOXL.
Pre-market is now up 0.7% at this point of the day.
So certainly has come a long way from where it was.
And it does look like crypto's also pulling back
Ethereum still in that 1800 range, 1905,
but Bitcoin and some of the others down about 0.2-ish
percent today, nothing too crazy.
I believe we'll have some of the CaneCap crew popping on in.
Looking forward to seeing them in here.
I'm gonna send out some invites,
but for right now we can just keep going around
on the panel that's up here.
Evan, one other piece I wanted to pull over to you.
I'm sure you're reporting on the debt ceiling stuff
Does it sound like that deal's actually gonna go through?
I don't think anyone ever thought it wasn't.
I think the market was not moving off the headlines at all.
And any move that you would be attributed today
to the debt ceiling going through,
I think would be reversed.
Because I don't think the market ever actually priced in
Maybe we're slowly getting to that point,
but this is based off of the way
the market would move off of those headlines and it wouldn't.
And then we have an AI image of a fake exclusion
at the capital and the market is down 3x more
than it has moved off of any debt ceiling headline.
It's kind of where I'm coming at with this one.
So I think we always thought it was gonna get to this point
and I do think it will actually get passed.
then the market might start reacting to it at this point.
But it feels like y'all are in one direction
I was gonna say I got into a long at 42.16 on ES,
but I didn't wanna cut anybody off.
That's a key level, which is a support level
that we keep coming to on ES.
I also saw Damien go, was it long gold?
He posted a screenshot underneath the chat as well.
So appreciate that from Minx.
I did wanna see, here we go.
So yeah, if you're looking at GDXU or something like that,
GDXU down about 1.1% today.
Man, these semis are still putting up a fight.
By the way, on the topic, if you're wondering,
it took Nvidia 30 years to hit the trillion dollar market cap.
That's the, it's fastest to do it.
Facebook 17 years, Tesla 18 and Google 21, Amazon 24,
and Nvidia 30, Apple 42 and Microsoft 44 years.
So coming in there, not super quick,
but quicker than some others.
Hey, well, for your previous point,
take a look at where Spy just bounced.
Well, well, well, what have we here?
It bounced right at the daily hedge pressure 425,
And not that that is the most important thing,
but I think the most important thing is,
look what happened whenever we bounced off of that level.
We had an influx of volume.
So if anything, what Rocket Scooter is able to do
is we are able to predict volume.
So, and that's for a reason.
I mean, that's where market makers are hedging.
So if we flip either above or below that,
they had to scramble to get back to Delta neutral.
So there's a lot of movement in the options realm
in a very, very short period of time,
which creates that increase in volume.
So it looks like we're breaching it again
and I would not, and volume's increasing again.
Well, I'll say it one more time
because we got some CaneCap guys in here,
so I'm excited to bring them into the mix.
Don't miss out, take advantage.
Get the same exact stuff that we're trading off of
The link is in the top of the space.
That literally just covers your data.
I mean, already nailed two of the bounces today.
Also, didn't just nail the bounce.
It actually showed us exactly where the top end was.
You could see almost a perfect rejection
off of the opening range there.
So I think that was pretty interesting to see as well
up at 422.04, that was shown to us as well.
But yeah, not just on our charts.
Link's in top of the space, not hiding any secrets.
Grab your data package and get ready to roll.
Okay, with that being said,
we do have the CaneCap guys in here.
I'm excited to hear from them.
I hope we can get some of the rest of the team in here too,
if you guys want to invite them in.
Alejandro, want to roll through
what you've been up to today?
I'm going to have a link to pin in just a few as well.
But so far today, starting off the week, pretty strong.
One break-even trade on ES Futures
that I can recap in just a few minutes.
But I did take AI calls over the weekend.
I think I saw them peak at like 400-something percent.
Let me check what they're seeing here right now.
likely going to leave some into earnings tomorrow,
just because who knows what this thing could do.
But up 228% at the moment on the 40 calls.
So having fun taking part in that squeeze
and as most of the people that follow me probably know,
I very rarely, if ever, trade options.
I'm really a ES Futures guy.
But I kind of just recognize the market environment,
what was taking place last Friday.
AI had a really good-looking chart
and decided to play the run-up into earnings.
Small size, kind of a zero-hero type thing.
Basically a flyer and it worked out beautifully.
the stock is absolutely going nuts today.
So really nice start to the week on that.
But looking to potentially take some more Futures trades.
I did buy down into support using Rocket Scooter.
We were able to identify a bull long up this morning.
And I had 4220 level of support.
So what I did was I bought on the way down
into 4220 and into half gap support was my first ad,
which is about, I think like 421 spire or so.
And then I added some more when, not when we dipped,
but excuse me, give me one second.
Not on the dip, but on the reclaim of my 4220 level.
So we came down below that.
And then once we got the reclaim,
which was to me a false breakdown to trap shorts,
I added some more to my position targeting 4234.
But I believe we got up to 4233 or 4232.
So a point or so away from my profit target,
ended up just getting stopped out on entry on that one.
but just didn't obviously didn't get enough juice out of it.
So just kind of sitting on the sidelines,
it's gonna put me in a do not trade territory
and I'll be looking to do something again
into the afternoon most likely.
All right, appreciate that rundown there.
Noah wanna give us the same?
Thanks again, for having us on
and hope everybody had a great long weekend.
Andrew talked about it this morning.
Came into the indices looking pretty strong
and then we started to get that pullback
I was telling the guys in the Discord
on our pre-market call that,
today might be one of those days
where you wanna focus on individual names,
particularly after you have that crazy run
to end last week in the indices
and then you have a gap up this morning,
generally leads to some funky price action,
particularly in that a.m. session.
And so that's sort of what we were looking for
and that's exactly what we got.
I went long with Alejandro down,
I actually took NQ though,
and that's a trade that I'm still in.
I actually got long on NQ at 14, 4, 12
and we got a nice bounce,
we got like a 60 point bounce in NQ,
I was looking for 14, 4, 80
and we didn't quite get there.
But hopefully we'll push up there here
and I'll be able to take some of that position up
and move the stop to entry.
Okay, I heard everything except like the last three seconds.
My AirPod died, are we good now?
Yep, yep, we're good now.
So yeah, the thought process there with the long on NQ
was ES came down, took those overnight lows, NQ did not,
which is a divergence that we like to look for,
the signal potential bounce,
so we had that and then we also had
some key levels of support down there,
the 14, 40, 14,400 level on NQ,
which again, gave a nice bounce,
didn't quite get to where we wanted.
So we'll see how that plays out here
But yeah, I'm more or less the same
with like trading around that lunchtime.
Like if I'm in a position for the morning,
but it's not really a time for me to go add new trades.
So for right now, I'm gonna sit in this long on NQ
and hopefully push towards that 14, 40 level
for some trims and then see what we get into the afternoon.
But yeah, I think that this week could be pretty interesting.
We've got high impact news tomorrow, Thursday, Friday,
not so much today, I don't believe.
Yeah, we didn't really have,
we had a case show at nine, but not a ton today.
We do have jolts tomorrow
and then we have ISM manufacturing Thursday
and good old NFP on Friday.
So I'm sure that there will be a lot more volatility
So excited for another pretty solid week of trading.
Perfect, thank you for the run down there.
Noah Alejandro went ahead and dropped you a co-host
Also feel free to send me the link that you wanted pinned
and we can get that up there.
If you want, I can also pin the one from last week
that had that new announcement about the pricing tiers
if that's still applicable for you.
Let's see, I can put that up there for now
and then if we have another one that shows up,
Yeah, well, if you give me one second here,
I'm making a new tweet right now
because we just got everything situated on our website.
I should be able to do that as co-host, right?
Awesome, yeah, just give me a couple of minutes
that'll be up there, thanks.
Mander, let's bring you into it.
We've got some little bit of macro stuff going on here,
some expectations around FOMC.
We got the debt ceiling pieces.
We got kind of past earnings, lots of semis.
Curious what you've been watching mainly.
Yeah, absolutely, happy, I guess, Tuesday morning.
I hope everyone had a good weekend.
I'm really watching the exact same sentiment as diamond,
I think, at least for today.
It's important to know that the market's gonna move
when there's a catalyst for it to move
and coming off of the major squeeze we saw on Friday.
I'm not really too keen to take anything today.
I think with data coming out tomorrow, Thursday, Friday,
and coming straight off of like a 300 point squeeze
we might see some downside at base for today.
I was kind of watching the indices so far.
It looks like SPY is trying to hold the gap fill here.
NASDAQ about the same at IWM.
We saw the morning squeeze in some of those high betas
look like IWM was gonna lead the charge here
but that flipped red or green to red so far this morning.
So as far as the day goes, I guess we'll see,
I'm watching SPY here to see if this wants
to hold hedge pressure and gap fill
the same as Alejandro's watching.
See if we can get a reversal back towards high of day,
but just my own true sense, I think,
especially with the gap up this morning,
maybe come down and see some consolidation and basing
before we get some of that data coming out
the rest of the week really.
We pretty much have big moves the rest of the week,
So one thing I'm watching would be Tesla upside.
That's really, I think, gonna be my name of the week.
It broke out of a really clean bull flag on the daily.
So I'm at least watching this one.
If we wanna see some continued upside in this rally,
I think this one has a good chance
to test year-to-date highs,
which it hasn't taken yet, right around 2017.
And a lot of these other names are squeezing right through.
We saw Amazon take year-to-date highs, Google,
obviously Microsoft, Apple.
A lot of the other megas there have really gone through
their year-to-date highs into new highs
So Tesla kind of led early in the year
but I wanna see this one then take year-to-date highs
as well if we wanna see some upside for the rest of the week.
By the way, Elon is in China right now,
so there might be an announcement or something.
I have no idea if any of these plan under what's planned,
but he is there meeting with a bunch of people right now.
And China is there a very important market for EVs, so yeah.
Any other thoughts around Nvidia,
some of the semi stuff, Mander?
Sorry, I just muted myself.
Yeah, I guess I haven't really been on here
since the earnings last week,
I mean, I know it was the talk of the town last week
with the Nvidia earnings.
So I played AMD as a sympathy.
I didn't take anything on Nvidia last week.
I unfortunately wasn't part of the overnight calls
that it seemed like everyone seemed to have into earnings.
But yeah, I think it's really interesting.
We're seeing kind of the emergence
and takeoff of a huge, obviously massive market.
We've been talking about AI even on the species
but it's so cool to see this kind of happen
in the midst of a quantitative tightening cycle.
So I think that's what's real interesting
of this one in particular versus,
I guess really any other kind of emerging sector
you would see is we're seeing this one
in the midst of this QT cycle,
rates at 5% where you kind of have industrials,
you have those typical safe plays
that you would expect people to be flowing into
in a quantitative tightening cycle,
really getting no attention
and people are kind of thinking
if I'm gonna be in anything right now,
it obviously wants to be an AI correlated name.
And so you actually have all of those,
I guess you would call them like safe haven plays
that people would be in a rate hike environment like this
actually super underperforming.
And you have these AI semiconductors,
big tech really like leading this entire charge.
So I think you'd be curious to see where it goes.
The forward guidance was what absolutely
blew the lid off that thing.
If you saw the, I think he got it up over,
might've been over 60% first expectations for next quarter.
So I think it just goes to show really
this like arms race of AI moving forward
and they're getting the vast bulkhead
of the market share in this one.
That's an amazing analysis, dude, amazing.
You know, I'll just say the Soxel,
like running the monthly map on Soxel
just shows strength of bear side deteriorating
I mean, I mean for months,
the that that's the semi,
I mean, they're gonna carry and they're very strong.
So I mean, positionally this last couple of days breakout,
I think it's just the start of a bigger move up
based on all the things you said.
Really good stuff there, Mandar.
Sniper, you wanna pop in here?
Not hearing from sniper, gonna keep it moving around here
So Alejandro, we've definitely been using,
you know, the hedge pressure all day,
had that first bounce off of it at around 10,
had another one off of it around 1031,
kind of just been transitioning around it.
Have you been using that a lot lately
to trade up and finding it to be super accurate?
And like I mentioned earlier,
I had used it this morning,
and basically all I did was just scaled down into it.
And like I mentioned earlier,
I got my first ads at half gap,
and then took some more closer to hedge pressure.
And we did get a really nice pop right back up to the open,
but didn't quite hit my target.
So I wasn't able to take any profits,
but yeah, hedge pressure is holding so far.
And hedge pressure coupled with that DD number,
obviously today it's strong,
which is another really big indication.
And something that I think is also very important,
and a mistake that I've made in the past
is getting tunnel vision.
So despite the fact that spy is in a really nice looking BLU
How do you know if you should be buying the dip,
a hedge pressure support,
or how do you know if you should be
a little bit more cautious?
and right now things are looking a little bit differently
because we got a hedge break on IWM,
but everything was rational,
meaning that we hadn't gotten any hedge pressure breaks,
and we were trading within the rational market high
and rational market low on the S&P futures.
So for me, that was a high confidence dip, Ed.
And I prefer typically to see a false breakdown
as in we take out support,
and then we come back and reclaim
a level of support to get long.
But I have a high amount of confidence
if that DD number is positive,
just adding down and scaling down into hedge pressure,
which I think is important to note.
But as things typically do,
as the day progresses here,
they tend to get a little bit funkier
because based on the irrational rules,
you start to get hedge pressure breaks,
obviously, the more time that the market is open for,
and things are likely to chop around now
that we're headed into launch hour.
But it did present a really nice opportunity
just going long straight off of hedge pressure.
If you just bought that 420 and a half,
your trade never went red.
Yeah, it nailed it right on.
It's super, super fascinating to continue watching
how accurate that can be.
I was looking at some of the Tesla stuff
One of the other things that I'm looking at is, again,
Evan, what did you think of Dan Ives' comments there?
What did he say this morning?
we strongly believe that the first step for Microsoft
was Azure slash Office 365,
with the next step that GPT slash AI monetization
of both cost consumer and enterprise fronts
combined at a 40 to $50 per share
to Microsoft some of the parts valuation.
Yeah, listen, I like Dan Ives.
I'm a fan of his research.
So I'd love to hear the other side of it,
and then find my answer somewhere in the middle
is what I would say on that one.
He's very, very into the AI theme right now.
We're getting a lot of these notes,
but the truth is no one really knows
So I think it's good research,
and like I said, I like Dan Ives,
and I like to get people from both sides of the spectrum.
Get my perma-bulls in there,
and then generally what I've learned
is the answer is normally somewhere in the middle.
You just gotta get to get the right people.
And I do think Dan Ives is a good perma-bull
also Tom Lee from Funstrad and a couple others,
and just working into your research.
So I would know his bias going into it.
He is definitely on the both side of big tech
but overall he has some good, interesting research.
So I don't know if I have too many takeaways
but we'll see going forward
and obviously they own a decent bit of that one.
We'll see how big open AI comes.
We'll see how much competition comes.
I think that the conversation
we've been having a lot on these spaces is
people are trying to award,
we're trying to award Microsoft the king of AI,
and then Google came around with their events,
and then now it's kind of a little bit more mixed,
and then NVIDIA came with their event,
and now they said they had a $11 billion number,
and now they're kind of the kings of AI.
I think the big underlying thing is that
we don't know how this is going to shake up.
It seems like it's going to be a big change,
and I think it's too early to really go in
and say who's going to be the winner and who's not.
I kind of spoke around a lot there,
I would listen to his research,
but no, he tends to be on that permable side.
Mander, did you have any thoughts around Microsoft lately?
Yeah, I've really been watching that one.
I think exactly as Evan just said,
I think it was Evan, I apologize if I'm incorrect there.
They caught a lot of heat.
Actually, I think it was two quarters ago
off their Azure platform underperforming,
but I think them being at the front run of this AI race
is really obviously carrying them strongly.
So I typically, I tend to like playing the lager trade
versus running the front runner.
So I've been watching Google to try and catch up.
I think Google, and I've said this,
I think a lot of times on here with this AI thing,
I think Google is fundamentally positioned
to be one of the best ones to take over this AI race,
just with the database they have of information.
But obviously they were kind of behind the eight ball
on this one and now catching up to Microsoft.
So I think both of them are obviously at the head
of this one, and that's obviously why we've seen
the outperformance in them.
I think it'd be just interesting to see,
especially going into the next quarter,
how much revenue they were able to capture from the AI,
especially if they begin to incorporate that
in with their Azure platform,
which it sounds like they're looking to do.
I think really the corporate avenue of AI
is gonna be a lot more profitable than just chat GPT
in and of itself for kind of the retail client
to anyone who wants to go on
and have it write a college paper.
I think more so obviously the profitability avenue
is gonna be in the corporate adaption.
So however they can bring that in
with their Azure platform,
which remains one of the best ones.
I think it's really between Azure, AWS,
and those front runners are definitely in that top five.
So I think if they can adapt that
and monetize it correctly,
I think this one is obviously right at the top there
with Nvidia then capturing the market share
being there providing the chip.
I have to eat my words on the video.
I came on here a long time ago saying
I thought it was overvalued.
And I think as the value investor in me,
I don't look back at this one with too much FOMO
just because of the multiple it's trading at,
but absolutely eat my words on this one
because it's really crazy seeing the blow up of this one
in the midst of the cycle we're seeing,
like I was talking about earlier.
Two things that onto that one,
I'm looking at kind of the generative AI theme in general,
we've been doing some work with Roundtail.
He launched the first generative AI ETF ticker chat.
And I'm just looking at the volume
and it's just picking up and picking up.
We're at 330,000 shares traded today.
And it's like within the first hour and a half.
So a lot of people are very, very much focused
on this generative AI, AI theme in general.
the chat volume is going insane right now.
So that's an interesting one.
And then I'm gonna come out here and also eat my words
and probably more eat my thoughts.
But I will say over the last couple of months,
Matt, traders paradise has been on here
And I'm just thinking in the back of my head,
this kid's an idiot, what is he doing?
And then here we are at 52 week highs and everything.
And yeah, so that's just one
that I was gonna mention earlier,
but brought up eating the words.
So I'll eat mine there too.
Just continue to the upside.
Looking at this 15 minute on spy still seems bearish,
but if you notice, we certainly have not been able
to get away from 420.5 within about 20 cents of that
for the last, gosh, 30 minutes now at this point.
Sniper, if we have you on here,
we'd love to hear from you as well.
If you're available to speak, just feel free to unmute.
Ramsey, I do see you in the audience.
I know we have some trouble getting you up
and down sometimes, but feel free to pop up on stage
if you do have the availability.
Kind of showing up on my screen
that we haven't talked about at all today,
as far as I know, is C3 AI.
Talked about this on Friday with a group of people.
TJ was on here, mentioned that it was breaking out,
kind of wanted our thoughts.
I didn't want to touch you going into this week.
Well, it's up 17.8% again today.
Paper, have you had any exposure to C3 today?
Do I say that one more time?
Have you had any exposure to C3 AI today?
No, no, I'm actually just adding coin.
And it was funny, somebody was just talking about,
the guys were just talking about Google.
I grabbed Google 125 off that little pivot earlier.
It was, I think it was just under 124.
Those 125s were trading about like a buck, 15,
something like that, but yeah,
looking at this kind of back half set up right now.
Looks good, Tassa, looks good.
I like Google, especially if it can continue
over that 124, 80-ish, that would be that key,
kind of like 6.5, 6.8 retracement from today's opening.
So to be cautious of that,
I'm just cautious of that right now.
But as long as it's holding that 124,
I will like it, yep, that.
How about Palantir, 100% since earnings?
Ramsey, what have you been up to?
Good morning, Wolf, sorry for hopping on late.
I was mid trade and just wanted to make sure
But yeah, this morning I just took a small ad
on the Spy 421 calls, zero days to expiration,
off of the rocket scooter hedge pressure test for 10.50.
So I was able to just get like a small scout
to the upside, trimmed half for about 15, 16%,
and unfortunately got stopped out on my second half.
At entry, I would have stayed in,
or tried to stay in if my,
and played the chart rather than the premium,
if my sizing was a little bit lighter,
but I had some decent size on there,
so I wanted to protect my profits
and not watch a green cherry go red.
But that rocket scooter, props to Matt
and the guys over at rocket scooter for 10.50
is really holding up pretty nicely
and creating a base today in Spy
with gap fill slightly below down at,
where we close out on Friday, 420.
That gap's still unfilled,
but we came within 20 cents on that 10.30 candle.
Haven't had a candle open below 420,
or excuse me, 420.50 is that hedge pressure.
Haven't had a candle close below.
We've had some wicks to the downside,
but been bought up pretty nicely.
So I'm watching that 420.50 hold
and half gap is rejecting as well up at 421.
So it's kind of just like a battle
between this small range, 425 to 421.
I'm all out, all cash right now,
just waiting to see if Spy can pick it up
and kind of follow the cues a little bit here.
Cues are basically doing the same thing,
but looking just a tad stronger about a test.
This is like relative equal high at like 351.8.
So I'm all cash here just kind of waiting and watching.
I said it on a pre-market call this morning as well.
I'm probably gonna have a pretty light morning,
especially taking into account just the rip that we had
Friday, as well as into the overnight session,
Just kind of want to see the market base
and digest the move that it's made
over the last few days and overnight.
So we'll see what happens here.
I'm excited to be up here
and hear what the rest of the guys have to thank.
Really good to have you on as well, Ramsey.
Appreciate the insights there.
Yeah, a little bit ago, a couple of the panel members.
Actually, first shout out to King Cap and the guys.
Alejandro, this is the first time I've ever been
on a space with all of you guys together.
So I want to go back to C3AI, ticker symbol AI.
They have earnings tomorrow, I think.
And somebody was asking if anybody's touching that.
but a little bit of a different approach here.
I mean, I'm looking at the options chain.
The implied volatility for this Friday's contracts
So if anybody, I mean, if people are expecting to make money
on these earnings plays for AI, good luck.
Not with an IV that high, that's just insanity.
So I'm actually looking to take advantage of this high IV.
So I'm actually looking maybe two weeks out
and for the June monthlies.
And I'm looking at possibly doing some cash secured puts
and just selling some puts.
So if I just go out to a Delta 10,
you roughly have a 90% chance of winning that trade.
I'm just looking at like the $26 puts.
Those are going for over $100 a contract.
That just goes to show how juiced these premiums are.
So I would just need price to stay above $26,
but even after that first week of earnings
that you're gonna get crushed on IV so hard,
even if you go a week or two out.
So I'm looking to sell some puts,
If it goes down, I'll take the shares, I guess,
and then turn around and just sell some cover calls on it.
But those are some juiced premiums
for a very far out of the money trade.
Definitely wanted to keep your eye on Alejandro.
So it's been all gas, no breaks for tech.
If we take a look at QQQ,
it's kind of significant run at this point,
especially with what happened there on Friday.
You can go back now to January 3rd.
I believe we are up over 30% now
from that day QQQ up another percent today as well.
So definitely just some interesting, well, about there.
Some interesting movements just across the board,
stuff like Boyle at all time lows.
But just looking at tech,
how sustainable do you see this rally at the moment?
We've surpassed those highs from back in August
We are now pushing up towards the highs from April.
We're above really a lot of the moving averages.
We're above the key anchor VWAPs.
there's not a ton to go off of right in this area,
what you're watching as we make our way back up,
whether that's on ES, spy or whatever you're looking at.
So first before we get into that conversation,
we were talking about C3 AI
and I had mentioned it earlier
that I am in the 40 calls that are expiring on the second.
I grabbed those on Friday.
They're up 260% right now.
but I'm definitely gonna hold some into earnings tomorrow
because, you know, why not?
If I'm up 200, I mean, it's completely risk-free, so.
Cause I know that we have some members
The trade that we were in before we hopped on in NQ,
we took some off at 14, 469 there.
I know we were looking for 14, 480,
but I mean, it just really is not giving
what we want to see so far.
So it took a little bit off
and move stop to entry there for about 45 points.
I like that term, especially with this, like,
line pressure between these two ranges.
Yeah, we took that last tie.
I'm gonna take that opportunity
to take a little bit off and move stop to entry.
Yeah, so with C3AI, I'm gonna hold some
into the earnings tomorrow.
But yeah, that thing has been on the tear.
Really explosive looking chart.
I was basically just looking at the hourly
and there was a strong trend above the 50 SMA.
And as you had mentioned, we got that breakout on Friday
and obviously paid really, really nicely.
So, but I am definitely in agreement with Ashton.
I mean, this is one of those where, you know,
you see it up 17% on the day and everybody gets excited
and you want to play the earnings or whatever,
especially with the AI sentiment that NVIDIA built
which is part of the reason that I got into the trade.
But at this point, you're well behind,
well behind the curve, I would imagine,
unless something crazy happens,
but you got to understand the risks
if you plan on playing the earnings,
But I consider this to be obviously a different scenario
if I'm in profit risk-free.
But to answer your question from earlier
about how sustainable the rally can be,
I have literally no reason to be bearish, technically.
that's been my thinking for quite some time now.
I think something very important happened last week
in ES, and that was that we backtested the breakout area
from last, from now two weeks ago's Wednesday breakout.
So we got a breakout, okay, at 4135 ES.
And early last week, we pulled back
and everybody's bearish again in the market selling
and here's the reversal everybody's looking for.
But all that was going on,
the only thing that we were doing
was we were backtesting a breakout,
which is exactly what the bulls not only want to see,
Because in order to confirm a breakout,
you have to come back down,
you have to test it as support.
It doesn't matter what timeframe it's on.
It's the same thing as one minute, five minute,
hourly, four hour chart, daily, right?
Anytime you get a breakout,
you wanna get that retest of the breakout zone,
and then that should give bulls more confident
and we can continue to trade higher.
But not only that, we swept below the breakout level.
So we came down to like 4115.
So things look really gross, right?
We came down below 4135 by about 20 points
and we took out those lows.
We took out that breakout area
and everybody was looking at the chart
and thinking this thing looks so nasty
and the next thing you know,
we reclaim that 4135 and it sets off yet another rally.
So technically speaking, I think things look really good.
We talked about overbought, oversold,
but the market always takes care of that
and the market's always gonna shake people out.
And my thinking is you take it one level at a time.
I have absolutely no clue what's gonna happen tomorrow,
the next day, the day after, the months to come.
You know, I really try not to focus on that.
My trading and what I need to do
in order to be successful is look at the chart
analyze the price action,
understand what's going on at certain levels
and do my best when I'm gonna trade
to predict what's gonna happen in the next 15, 30 minutes.
And if I can do that, I'll be okay.
I think that getting caught up in the macro
and what's gonna happen in the months to come
or by the end of the year
is one of the biggest mistakes that traders can make.
So the question is the rally sustainable?
but also I don't think it really matters to my trading.
I can obviously trade both sides
and that's what we've been doing
and that's always the focus just to try to be nimble
we change with the market, but that's basically it.
Because if you get into the thinking of,
I don't really know how that helps anybody in their trading.
Bears have been saying that spies overbought
or whatever the hell they've been saying
for the past eight months, just getting smoked.
and these guys have been calling top
for the entirety of this move.
I just don't think that it helps anybody
to try to predict when things will reverse
or when things are gonna cool down.
The market will tell you,
it's better to play a breakdown of support
and confirmation below that level
than just to try to top tick.
You end up losing a lot of money
and then by the time things do reverse,
you have no dry powder left
and you're just praying to get back to even.
So just take it one day at a time
and that's probably the smartest way to trade this market.
Really nice run down there for my honch.
You got any thoughts on that, Matt?
No, I mean, everything he says at some point.
Yep, yep, definitely good pieces across the board there.
All right, so let's talk through
maybe some of our favorite pieces on watch at the moment.
Mander, you wanna go for that?
Just favorite setups in general across the board.
Hey, well, sorry, say again.
Do you wanna cover some of your favorite setups
across the board at the moment?
Obviously, I think I noted on that
to take year-to-date highs.
So I'm watching the 210 calls here.
Really, really clean daily bull flag
from the technical analysis perspective.
And then I was saying earlier,
one of the only vegas that hasn't taken year-to-date highs.
I haven't charted extensively Netflix yet,
but I saw this thing was going crazy last week.
Looks like another big gap up this week.
So we'll be definitely be watching this one as well.
Let me get some levels for you before the end of here
and then I'll watch for some Netflix calls.
AMD, I've been playing instead of Nvidia
just because Nvidia premiums
were obviously insane last week.
And this one is a direct sympathy play.
So I was watching this one to see
the one in the old gap bill.
It didn't quite, but it's now flipping back green on the day.
all week at the semi-squeeze once it continue.
Nolan hit the nail on the head.
I was actually looking at those,
the AMD calls that Honda took last week
and a major gap up into the weekend.
I was thinking personally,
especially looking at the chart,
if they double beat, I mean,
I think that they can squeeze like crazy.
If you look at the daily chart,
and has a lot of upside on that one.
So I was looking at that one
for more of like a common share play than options,
just with the really high IV.
you're coming off of in the video last week,
I think the semiconductor
can definitely continue going nuts this week.
So I will be playing AMD instead,
getting a break over last April's highs last week, actually.
So we'll see if this one wants to base today,
continue that move higher.
I'll be targeting somewhere 132, 133 first
and then really can get going.
It's starting to retrace this entire initial sell
that the semi-solid really start the downside leg
in the whole markets last week.
So getting back over April of 22 highs,
it was in a really aggressive sell.
So I think this thing can start chewing up
some upside really quickly if it keeps going.
I'll be watching AMD as well.
Awesome, appreciate the breakdown there.
Yeah, keep my eyes on AMD as well.
Let's see, Evan, when you think about AMD versus Nvidia,
how do you really read into that?
Well, in general, the way that it's been worded recently,
Nvidia has come out and said, we are the best.
AMD has come and said, we are the best at this price point
or price per power or whatever.
And there's also kind of this big theme
of these very large companies coming in there
and trying to make their own chips themselves,
and really what Nvidia came out and said,
I don't remember when Jensen said it,
but Nvidia is the cheapest option
that you can go in and make your own chips and do it
and great for Facebook, Microsoft and all the other ones,
but they're probably spending more
than they would be with Nvidia,
which is insane to think about how much these chips are,
but there's a lot of R and D
and a lot of stuff that goes underneath it.
So Nvidia is 100% the leader,
but if this really is as big of a space
as everyone is saying it's going to be and it is,
there's no way Nvidia can capture all that.
So some of it will trickle down
and AMD I think is the best company
to capitalize on that trickle down.
So you look at the forward guidance,
This is the first time over the last couple of years
where a major hype theme has come along
and then we're starting to see real revenue built off of it.
So I'm very fascinated to see how that one comes next week,
but I'm surprised AMD hasn't seen that effect
and I think they will in the near future.
You look at a Boeing and an Airbus,
like once that backlog starts to build up
and I don't know where that is for Nvidia,
you will 100% see AMD profit more from it,
but the stock has moved up a bunch.
I'm cautioning a little bit on the AMD
because they did not give the forward guidance
So I personally would be waiting for that
just to get the confirmation
that AMD is still the number two in my mind.
And it's not just some other company outside of it
that's really capitalizing and come up
because this is a big shift.
And when big shifts happen,
incumbents can get disrupted
and AMD has very much positioned itself
So I do think they'll be there, but we'll see.
They're definitely coming in though at the,
Nvidia is coming in, we are the best.
AMD is coming in, we are the best at this price point,
best per price or whatever.
So it's an interesting one, wait for it to develop.
I am a fan of AMD overall,
not saying about the stock, but the company itself.
And I do think, I do think they will get a big benefit
from the AI building in the long-term.
Thank you for the break down there.
I definitely find that to be an interesting one.
Hey, Alejandro, I do see that post up top
pinned into the top of the space now.
Would you be able to run through
a little bit of that material and what's covered in that?
And I will throw that to Noah
if Alejandro is unavailable for a second.
But I do see, basically just to preface this,
we do some live trading and market analysis here
We've got Noah and Alejandro and Mandarin Ramsey
and they all trade live daily on voice.
And if you want to tune in and hear them,
it's pretty easy to do so,
especially with the free trial on top of the space.
These guys nail it day after day.
They use tons of rocket scooter as well in there.
So I think they're in good hands.
Noah, did you want to unmute
and cover a little bit of that there?
So you hit the nail on the head there, right?
The main focus for us throughout the day
is live voice in our Discord.
And we use that A to alert trades,
obviously alert members to what we're taking
and what we're looking at in the market,
what we're thinking about taking.
And that's obviously beneficial
because I think one of the things
that new traders can struggle with
is when getting an alert and trading off of an alert
can be beneficial sometimes,
but I think a lot of times it can be almost counterproductive
because you find yourself chasing the move,
not really knowing where to put your stop.
What's the original thesis
that this guy even got in the trade on?
And so we do our best to explain all of that on live voice
and answer any questions about any trades that we are taking.
And then outside of that,
we also use it for educational purposes.
So when the market is slow during lunchtime
or even a situation like this,
oh, ES is about to take a spill out of this range,
actually, it just took a day there as I was talking.
But even in situations where the market is slow,
we will slow it down and do some education, right?
Going over either past trades that we've taken,
trades that we're looking to take in the future,
education about our trading styles.
We have five different traders in the Discord
and so we've got a ton of different trading styles in there.
And so we find that it can be highly beneficial
to our members to just constantly,
constantly running through that education,
being prepared for when the next setup
And so that's where we really spend most of our time
intraday on live voice, either trading or educating.
So that's really what that tweet that Alejandro pinned
is about, as he mentioned, obviously,
before we got the seven day free trial,
because we don't want anybody to sign up for the service
if you don't think it's gonna benefit you, right?
So we've got the free trial for people to come in,
check it out, and if it's a good fit,
then we'd love to have you.
And if not, then thanks for coming through,
but that's really our focus on a day-to-day basis.
Hey, nice friend out there.
Alejandro, you wanna add on to that
before I bring it over to Sniper?
All right, hearing none there,
I think, Noah, you did a great job covering it.
So all that info's in the top of the space,
No hidden faces, I love it.
Doc Sniper, we do have you up here.
You wanna share some thoughts on trying to use?
I was able to get him back up.
I'm wondering if he's having trouble unmuting.
I think that made the biggest piece here
that we're having some problems with.
I'm getting a little bit of feedback, though,
from your mic, Noah, kind of in between.
So just a little back and forth there
on some of the pieces, continuing to watch Semi's, Spy, Q,
kind of across the board, a couple of different pieces.
Q's dripping down a little bit, like he was saying there.
Crazy to see Boyle hitting new 52-week lows,
Spy only up about 0.1% on the day now at this point,
and AI still holding up big across the board, so definitely.
I remember this QQQ strength, I mean, intraday even.
There's several times so far where we've really looked
like we were about to take a spill and have a leg lower.
And NQ, rather, the NASDAQ futures,
just really keep holding on,
setting these higher lows since that low day
that we put in earlier at 10 o'clock.
And so while this trade is not working out
exactly as I had planned,
I'm glad that NQ is still showing this relative
We'll see if that can continue into the afternoon.
Spy's tried several times today
to trade lower here in each time.
They get bought up a little bit.
Saved by Q's, we'll see if that can continue.
Yeah, this is an interesting spot here on Spy,
so we'll see where this candle closes.
There hasn't been a candle to close below
425, hedge pressure all morning.
It looks like, there's like 30 seconds left in this candle.
It looks like that's gonna happen.
Approaching gap fill as well.
Friday's gap fill, 420.02.
Some pretty deep, and yeah, 420.02 as well
as where we closed yesterday was like a intraday resistance.
So this is a pretty strong level, 420 flat on Spy.
We'll see, the tech names are giving out a tad here.
Q's are still holding up.
Little trend line hold so far on the five minute.
Yeah, candle just closed and opened above that trend line.
So we'll see what happens here.
I'm kinda staying pretty patient.
I don't love the IV this morning
with respect to Spy specifically, super low IV.
So I'm gonna probably stay away from trading options
I don't hate upside on Q's here.
Just from a risk to reward standpoint at this trend line.
But it does feel like, I mean,
there's just a lot of room to the downside
after that massive gap up, gap fill down at 348.05.
So we'll see what happens.
I'm kinda just trying to navigate through this trap
and not force anything with this
pretty unfavorable price action on the indices.
So that's a pretty strong dump here.
Gap filled, new lows coming off on.
Yeah, Q's is coming down to that trend line
you were referencing, Ramsey.
Yeah, it looks like it's testing.
Third time's a charm, maybe.
Yeah, we'll see. Third time's a charm.
I mean, I would think we start to pull back.
Trend line's the only thing holding this back
It looks like I'm gonna take it out
of the rest of this trade at entry.
Hi, Houdreaux, I saw you dropped down
You able to hear us better now?
Was there anything you wanted to add
on the, what's it called, the piece that you pinned up top?
I think that Noah did a really good job
basically talking about what we're all about.
But in general, yeah, that's our main focus
is being our voice and discussing what we got going on.
The pre and post market lives,
I believe, are really important.
You know, I typically am doing them,
if it's not me, it's one of us,
but I'm typically doing them in the mornings
and the afternoons where I'll cover
what I'm watching for the day.
The mornings, of course, and then the afternoons
just recapping the trades that I took.
And it's very beneficial, you know,
hopefully for the members, but also for myself
because I get the opportunity to teach
and that's really the best way to learn
and I'm recapping my trades.
So I really do enjoy doing that,
especially if you are a futures trader,
ES futures to be more specific, we do a lot of that.
And so just going through levels
and covering trade ideas and discussing where to put stops
or to take profits, obviously it's a lot of hard work
and it takes a lot of dedication
in order to really hone in on your craft.
But that's what we focus on
and we focus on building a skill set
and our community is awesome as well.
So, but yeah, other than that,
I mean, Noah pretty much hit everything,
hit the nail on the head earlier.
Hey, Wolf, I'm sorry, I'm not hearing
when you're talking to me for some reason in space
but I just wanted to talk about
what I was looking at really quick.
I'm looking at 419.33 on spy for a possible bounce.
We've been pretty much straight vertical down for the day.
It's definitely looking like it might be a trend day
but I think that we could possibly bounce closer towards noon.
I haven't taken any trades so far today
being pretty cautious about that one.
I don't want to jump into anything
or try to catch a falling knife.
Last week was a pretty good week with a couple of bags.
I think right now I'm on a 10 trade win streak or so
but just like Honda was saying,
I definitely encourage people to try our seven day free trial.
There's, you can't hurt because it's free
and we definitely are focusing
on developing trader skillsets.
I only would suggest it if you are serious
about learning how to trade
but just wanted to drop my little input there
Appreciate you propping that into here.
Yeah, we got about five more minutes into our next space.
It's going to be with the Ethlis team.
Ethlis, now's a good time.
I see you in the audience to request up on stage,
start bringing your team up
as we get through the next five minutes here
with some more live trading and some pieces.
We did break below hedge pressure
and now we're showing MRSU.
Do you want to maybe, I guess Alejandro,
if you want to go over that, you could,
or Matt, either one of you
if you want to just give you a quick read on that.
Yeah, like right now, basically, out the door,
the first thing that we show,
there's essentially of competing signals, right?
You have that hedge pressure support is a possibility.
You have the CD number is also very positive,
which shows the bull zone is going to have
some attractiveness to it on the spot.
But also the idea that resilience
is one of the stronger tools that we have
was negative from the start of the day.
We all knew that the gap was going to fade.
Resilience is a gap-filled predictor, right out the door.
This is like the third time I shorted all year.
It was an easy textbook short.
You know that that gap's going to want to fill to the downside
hedge pressure and DD being bullish, right?
against some really strong bullish tools.
So when they compete like that,
you just know you're going to have some chop,
you're going to have some up and down.
You're going to have some up and down.
I don't know how Joe was talking about the chop.
We've seen all the pieces of that.
And then shorting from basically the open
to yesterday's close is like a textbook trade.
From here, it's hard to predict where it goes.
I personally think that this is about as low
I think we're probably going to hover
really close to yesterday's close
and probably close slightly.
If we do, it's strong indication
for like the next couple of days
that we'll still continue to go higher.
This is just a relaxation day
off of Friday's short squeeze to the upside
and people take a little bit of profits.
And with resilience being below zero
shows that the people are taking profits
in the majority of the stocks
and it's also diversified.
It's not just one sector selling off,
dragging everything down.
Resilience is an aggregate of all stocks in the S&P.
So with that number just being really weak out the door,
it just shows that all the stocks that gapped up
are pretty much trading down.
With the exception of tech,
which is kind of interesting,
some of the heavy tech stocks
actually are still holding up,
which basically is an even stronger sign
the S&P is going to trade lower
it's not just like Apple's pulling it down
or Tesla's pulling it down.
Those are actually the stronger stocks today
despite everything else coming down.
It shows that everything else is coming down,
which just is a relaxation day market-wide.
There's shenanigans, like it's one sector or one stock.
It's literally all stocks are pulling back.
So at the door, you could just see that effect.
We gapped up and Suzy traded below the open.
I just threw in a short and traded it down a little bit.
Breaking edge pressure can be a devastating blow,
It can cause additional tumultuousness, right?
It even can cause collapses for a day.
I don't tend to try to scrape out longs or shorts.
When markets flip from rational to irrational like that,
I tend to just take my trade and get out of the way
and let everyone else deal with the chaos.
And I think today my analysis is that
we probably could fall another 10 or so points.
I really don't think we crashed.
The mechanics are still bullish in the long haul.
Rocket scooter tools show that for at least months out,
we still got some bullishness.
It doesn't mean we just can't trade down
a few waves on the way there.
But if we do close above today's,
or sorry, Friday's close price,
which is basically where we are right now,
then that's a good sign that this is just one of those
when inverted hammer daily candles
that if it's a green tomorrow,
it could be a nice solid green followup day.
So I'm looking forward to possibly getting some good longs
for tomorrow and taking the day off today.
All right, nice run down there.
All right, we just got about a minute or two left
So we're gonna go over to the Alejandro and Noah
or any of the rest of that team from King Caps.
If you have any final comments
and then I'll finish bringing up
the rest of that speakers for the next space.
Noah, any other comments from yourself in the market?
Advice for retail, that's a good one.
Advice for retail, I would say understand when to trade.
Understand when to trade.
I think that a lot of people are sold the belief of,
we all see that like little calendar, right?
Where it's like, you make $250 a day
and you'll make $100,000 a year.
Survey the traders and make $100,000 a year
and ask them if they make $250 each day.
The answer is gonna be no, for every single one of them.
I think it's just important to understand when to,
what pitches to swing at, right?
When are you gonna get the best opportunities in the market?
I understand that not every single day
is gonna be a day where you can go into the market
I think most days, there's gonna be a lot of days
where it's probably better left.
Like Matt said, just get out of the way
and let the bulls and the bears eat each other.
But when your setup is there
and when the market is conducive to you making money,
that's when you wanna strike,
that's when you wanna size up,
that's when you wanna be aggressive.
So that would be my piece of advice.
Thanks again for having us up, Wolf,
and I'll see you guys next Monday.
Perfect, thank you, Noah.
And Alejandro, any final comments from yourself?
No, just thanks for having us, Wolf.
Appreciate it, as always.
See you guys next Monday.
Okay, very cool, thank you, Alejandro.
Thank you, Stock Sniper, as well as Ramsey
and to the whole CaneCap team.
We always have a good time trading with y'all
So definitely put some good stuff on our radar
and highly recommend everybody check out that post.
It's in the top of the space.
You can hop into their Discord completely for free.
Give it a spin and if you like it,
you can stick around and continue to learn with them.
And of course, you can come on here weekly
and we have them on and you can just trade with us for free,
get a little bit of a taste of it,
and then decide if you wanna continue along with it.
But for right now, we have been trading
for a couple of hours already this morning.
We are gonna take a little bit of a pause on that.
I do have another space that's coming up with Ethos,
who's up here as a co-host.
So again, I wanna give a big thank you
to all the speakers that have known this morning.
I wanna give a big appreciation to all the new speakers
that are coming in from the audience and are joining.
If you're below and I sent you an invite,
you can feel free to hit the request button now
and we're gonna get rolling with my next one.
I'm gonna go ahead and I'm gonna change the title to space.
I've already got the new co-host up here.
I've already got some of the speakers up here
and we're gonna go ahead and get into it
to the main Ethos accounts.
Can you hear us well up to on stage?
And if you're not speaking from that account,
Loud and clear, loud and clear.
Okay, well, I'll turn it over to you then.
We've got the CEO and co-founder of Ethos.
So just to give a little bit of background to it,
we're gonna be talking about gaming here.
So I have done a number of gaming spaces,
and we're gonna be talking about the future of gaming,
which is a popular topic that we cover on our spaces.
Ethos is really building out an ecosystem for this.
So I'm excited to go ahead and dive into it.
In just an hour, we're gonna do Tesla,
and then an hour and a half,
we're gonna talk more market analysis.
I'll be running live for the next,
actually eight hours here today, or nine hours.
But for right now, gonna be chatting again with Ethos.
Gonna get some posts pinned to the top of the space
to make this easy to understand as well.
But let me go ahead and get the team in here
and introduce themselves.
you'll have to give me the correct pronunciation.
All right, well, let me turn it over to you first
to give some introductions of yourself and the team,
the company as a overall company and firm,
and then we'll go from there.
Sounds good, sounds good.
My name is Oi, I'm the CEO and co-founder of Ethos.
And with me today is Nick, my CFO.
And maybe I'll just sort of give a bird's eye view
of what Ethos is and what we do.
And then we can dive into maybe the specifics.
So Ethos, the way I would sort of understand what Ethos is
is Ethos is an attempt or a belief
that web tree can be a force of disruption
And for all of those who are not very familiar
I think you guys know it as you know,
always the amalgamation of Pokemon and Super Mario
and Counter Strike, right?
But if you put all of that together,
that is actually a $290 billion business.
And just to give you a sense of scale
that is larger than Hollywood
plus all of music combined, right?
So if you took everything in the music industry, right?
Pay less, so 50 cents, everybody.
And you summed it up with Marvel and a lot of rings
and Netflix, that industry is still smaller than games.
And that is something that I think people
And that's what excites us, right?
We just, you know, there's this thing
that people do for entertainment,
we just play games, you know, casual games,
mid-core games, hardcore games.
But that sector is an extremely large tent.
And so when we stumbled upon Games and Web 3
roughly about 18 months ago,
we got super excited about this one realization, right?
Which is if you went back sort of three decades,
right, into the early 90s,
what the internet did to games was
the internet essentially gave games the ability
to connect in a multimedia mode, a multiplayer mode, right?
And that just revolutionized the way we thought about games.
Instead of playing games like Tetris
or single player games, you started playing StarCraft, right?
You started playing Warcraft.
And that's what the internet sort of really grew the time.
And if you went forward by another 20 years, 15 years,
mobile came to the picture, right?
And what mobile gave was this ability to bring your game
in the palm of your hand, wherever you go, right?
And that was the rise of mobile gaming.
Everything from Candy Crush to Wordle to Angry Birds, right?
And that game sort of massively expanded
the time of gaming as we know it.
And then Web 3 came about.
And this was the wave that my co-founder,
myself, Alston, Ari, and Henry got super excited about, right?
Because we have been working,
and a little bit background for ourselves,
I come from Google and Grab.
Grab is the Uber of Southeast Asia
for those who are not familiar with the scene in Asia.
And having spent most of my self working experience
building in big tech, like we could smell
when like the winds of change was coming, right?
Because we lived through the internet age,
we lived through the mobile age.
And so when we stumbled upon Web 3,
we sort of married that with our passion for games,
and we said, what if we did to games,
what mobile did to games, right?
What if we did the games, what the internet did to games?
And would that completely revolutionize
the entertainment business as we know it?
And our conviction was, yes, it would, right?
And so that's really what Atlas is.
Atlas is, you know, colloquially,
how we think about Atlas is we think of Atlas
as the epic games of Web 3, right?
We think of it as like the vow of Web 3.
But simply, it is essentially a company
that attempts to build lovable titles, lovable games,
but at the same time, we want to lay the foundation
or the infrastructure, the games infrastructure,
so that other producers, other games, other studios
can also build on it and really leverage Web 3
to be the disruptive force that we're all betting on.
And so that's kind of like what Atlas' top TLDR is.
And, you know, Nick, anything to say,
or maybe we'll follow our focus.
Yeah, hey guys, Nick here.
Thanks for having us on, you know, the spaces.
So I'm actually a CFO and interestingly enough,
I actually wasn't part of the founding team.
You know, I actually joined the Atlas team
as a community member, right?
I was lurking in their discord.
And I remember in the early days,
I was actually fighting the team, right?
They actually did quite an innovative NFT mint,
locking LP tokens in an NFT called Windblown.
I think all of them were, you know,
when they were new to Web 3 at the start,
but we've learned so much since then.
And I was like, you know, why is this not done this way?
Why is that not done that way?
And over time, I actually followed the project closely
and I saw that the founders and the team
were extremely like, you know, hardworking.
They were actually real builders.
And I actually left my banking job at JP Morgan
and Citibank, you know, to join the team.
And so far, it's been an amazing journey.
I think we and the whole founding team,
they really have a vision of what gaming in Web 3
And we will be happy to just, you know,
share more as the spaces comes along.
I appreciate the introductions off of that.
One of the things which, you know,
I think makes sense to get into first here, we is,
and then we have a great panel here.
So anybody can ask questions as well.
I'm just curious, you know, why Web 3, right?
You guys have strong backgrounds,
you had banking backgrounds, finance,
clearly wanted to build out a gaming company.
You called it, you know, comparison Epic Games,
what's the need for there to be a Web 3 component
inside of this versus just building out
something similar to Epic Games?
I think as a gamer, what resonated with me
What true concept, right?
A lot of that is inspired by this book
called Really Player One.
I think many of you are familiar with the book
or the movies, but what I aspire for as a gamer
is, you know, I put in many elements into games
For example, I gain casually on my phone
And let's say I put in hundreds of dollars,
I spend hundreds of hours, I hit level 100,
or level 120, and then I get more, right?
And then I just go, hey, look, you know,
Or something else catches my eye.
What sort of really sort of nags at me
is the idea that everything is lost
the moment you walk outside those walled gardens, right?
It's like you could be the top player
or the top 100 players in the game,
but you step out the game, you are back to square one, right?
You bring nothing with you.
And maybe people, you know, game designers or studios
will tell you that's working as intended, right?
But as a gamer, the sense of loss,
the sense of identity is real, right?
And nobody likes feeling like progress is lost
the moment you are no longer interested
You want to go, if I spent 80 hours hard grinding
for a legendary mount in World of Warcraft,
you kind of want to be able to bring that somewhere
or to figure out whether you can really truly own it, right?
So there are two concepts in Web Free
that I felt really resonated with the future of game.
The first is asset ownership.
The fact that if you paid for something,
it should belong to you in the truest sense of ownership,
that it sits there in your wallet
the company that produced the asset dies,
the asset is still yours, right?
But that is not true today in all games, right?
If you crafted a very, very rare item in Roblox
the more the Minecraft servers go down
or if the studios declare bankruptcy,
everything you own in that game is gone, right?
Because they are owning it in custody on behalf of you.
And so asset ownership was one key thing
that really resonated with what Web Free could do for games,
meaning if you spent money and bought a Disney skin,
that skin should truly belong to you
and you should be able to bring it somewhere else.
The second thing that really captured our imagination
is this concept of interoperability, right?
And interoperability is often sort of like used as jargon,
but here's what I believe in interoperability, right?
I believe that if games allow things
that are not within their ecosystems
to have some utility inside their ecosystem,
the world will be a better place, right?
And for those who did watch the 3D Player One movie
that released a couple of years back,
you remember there was this scene
where they were going to battle
and there was this Gundam next to a Pac-Man
next to a League of Legends warrior, right?
And I felt that was a very cool thing, right?
I felt like why couldn't IP be interoperable?
Why couldn't people take their most beloved characters
and actually use it in places on other lands
or other ecosystems that they care about too, right?
Why does it have to be either or?
And so if you took this tool concept
and you just went to asset ownership and interoperability
is the future of gaming, right?
Nobody likes to lose their progress
and people would like to take things that adhere to them
and bring it somewhere else.
Then you just go, what can solve that?
And you know, immediately you think blockchain has,
And really that's kind of like where we landed
in terms of the conviction of why web tree
and why not everything else that we could be building.
Perfect, I already see a hand up from Staki.
Hey, everybody, I'm Staki Robinson.
For those who don't know,
my company is Stockianes recently on this line of blockchain.
Yeah, so we have gamification in our app
and one of the, we're also decentralized too.
So one of the things that I think we all know is true
is trying to figure out how to bridge those web two users
into this web three platform.
So my question to you is,
can you explain like the process of potential web two companies
coming into web three and some things that,
some capabilities that web three games would have
versus your traditional web two games?
I know you guys are trying to work on
bridging web two companies into web three,
Nick, you want to take it?
In fact, maybe some history of Atlas.
We actually started in the play to earn,
season in April last year.
And so a lot of the focus was on the captive web tree
market, but over time we realized that
it is a very limited market.
And the fact that the lunar crash happened
and then followed by FTX, it shrunk the market even more.
And this forced the team to really think very hard
on how we would actually facilitate the bridging
of web two users into the web three space.
So we actually went out to build web two games.
We launched two games on App Store and on Play Store.
These games are already live.
They've been live for about three to four months.
Just in March, we hit about 100K MAUs on them
and they are like contribution margin positive.
But I think the important thing is,
even though while we were building these games,
we actually actively thinking of the future
and cognizant of, we think that if ever the web two user
is to come into web three,
that cannot be hindering their playing experience.
The best kind of migration is when the users
don't even feel that they've already migrated
to the blockchain, but they experience the benefits
of say interoperability, ownership,
and this can all be controlled via say social logins
So the more you are able to extract that web three element,
that blockchain element, I think the more success you'll see
in the migration of these users.
And so what we have done is even though we've deployed
our web two games, we've actually quietly built
the back end that allows a sync of on-chain tokens
with in-game currency on the web two stores.
So if you go onto the F plus casual gaming app,
you purchase some XGEMS, which is our in-game currency.
You link that account with the same social login
As you do with the mobile game,
the token balances are actually reflected, right?
But this is not something we actively publicize
because we realize we don't wanna force users
onto that journey until they are ready.
So this is how we're thinking about the whole migration
and it's not gonna be an easy journey.
It's not gonna happen in the next six months or a year.
We think it's gonna be a long game.
That's why we prefer to keep our users happy
than to force some new technology down their throats.
I love that it's like a stealth situation.
that we don't force technology into people's face
because it's already hard enough
to try to explain to them what all of this is, right?
Cause we're not out here explaining the technology.
We're just focused on what the education and the gaming
or whatever it is we're doing.
So I think that's a great, what you guys doing are great.
So I'm just here to listen a little bit more
and maybe ask some more questions.
I'm pushing along the conversation a little bit here.
One of the things I did wanna point out is that
we do have a tweet pinned to the top of the space.
Nice little gift from the Ethlist team
to my community and listeners.
Highly recommend y'all checking that out.
We're gonna talk more about that
in just a couple of minutes.
Let me throw one question in here
and then we'll go over to Evil.
I know that everyone likes to talk about
how the gaming ecosystem works.
Can you walk through if you have a native token
and what the purpose of that token is
within the gaming ecosystem?
We are gearing up for the launch of our governance token.
A ticker is ELS, so it would be launch end of June.
And this is the same token that I'll see investors,
the likes of Sequoia, Dragonfly Capital,
and Maker's Fun have all invested in.
And we've actually spent the past year hits down building.
We've built, we started building games
and throughout that process,
we realized we'd actually built a lot of ancillary services
that we can call gaming infrastructure.
So things like hybrid authentication systems,
how we sync on chain and off chain tokens,
because we were in the play to earn season back then,
we had to come up with proprietary,
like fraud check mechanisms,
tracing like use device, UIDs,
So these are things that we feel maybe even web two brands
coming to web three will need to implement
when they bring their gamers on board.
So we spent the last year building a bunch of stuff
and when the launch of the governance token
actually marks a shift in the priorities
from building products and gaming infra
to building a gaming ecosystem,
which is what we alluded to earlier,
which is we are trying to be the epic games of web three.
We have games, we have gaming infrastructure
and ultimately we need partners, right?
And the launch of the governance token
will actually allow us to invite
all these gaming partners,
these foundational pillars that like the cornerstones
of a gaming ecosystem in with us and to grow together.
Yeah, so we do have like a, for the listeners here,
we have a premium link that there will be a a a drop raffle
and all addresses collected be eligible for a 10% discount
of the listing price once we list in June.
And maybe just to add a little bit more to that,
I think one thing that as is the case
with any crypto projects,
you kind of want to DYOR, right?
And so if you want to sort of do some research on Atlas,
feel free to look us up on Google, search on Discord.
But one thing that I do want to sort of talk about
is that this idea that we are founders
with a very strong web two background.
And so we try to build companies
the way web two companies build,
which is pretty much building into unicorns.
And so our cap table is actually pretty stacked.
You know, I think Nick mentioned,
we have the likes of Sequoia capital,
we have the Dragonfly, we have the likes of Makers,
we have the like of Grapp, we have the likes of Masters.
And we also have a pretty strong docs leadership team.
It's not a bunch of, you know, PFPs
trying to build something out of garage.
We actually sort of do our fiduciary duties
to make sure that the company gets built in a proper way.
And more importantly, I think that the thing I would
sort of like push on is what we are trying to build
isn't the next pub and dump token, right?
What we're trying to build isn't the next stuff
like, oh, let's add up a bunch of money.
And, you know, hopefully some people get rich,
some don't, and let's find the next thing.
We think that, and again, no criticism of that, right?
I think that's well and fair.
But if we all are bullish about Webtree,
if we all believe that Webtree
could be part of that future, you know,
one day we're gonna sit down with our grandkids
and say, hey, look, you know, see that trend,
you know, I was part of it.
Like that, the value accrual of the entirety
has to be larger than just value extraction, right?
And so we believe that companies that try to build value
in exponential ways, I should partner with other companies
who are like-minded, should partner with investors
and allies who are like-minded,
because I truly believe that when I left my job
in a corporate, like I wanted to invest in something
that I'll be proud of in, you know,
And so that's kind of like the kind of company
we wanna build, and we hope that, you know,
our token and our roadmap, you know,
the stuff we do reflects that.
All right, well, I see we got hands up.
Hey, thanks for coming on and sharing your company with us.
I know Makers Fund quite well,
so it's really congratulations on getting investment
I guess I wanted to kind of dig in a little bit
about something you were saying.
So, you know, we're also building a game platform
We've done a lot of thinking over a number of years
about some of the topics you were touching on.
And I kind of, I don't know if this is pushback
a little bit, but I just wanna kind of explore
your thoughts around this.
So you talked about ownership of assets,
and I thought a lot about that.
I kind of feel that when we look at where gaming is today,
from a gamer's perspective, to some degree,
they already have that, right?
Like if you think about what Valve is doing
with the Steam Wallet, right?
the way that CSGO skins exist and are traded and so forth.
From a gamer's perspective, like they do have the concept
at least of ownership of assets.
I think where that idea falls apart a little bit for me
is this notion that I'm gonna hold an asset
past the lifetime of the game,
past the servers being turned off, right?
And the reason why I think that's interesting
is I could see an argument
from a sort of a personal nostalgic point of view, right?
Like I have this thing that I spent a lot of time in
and I can look at a picture of it in a wallet or something.
But I don't know that it has any real value beyond that,
And the reason I say that is that if you today on Steam
get like back banned, right?
Then what is the point of, you know,
your assets in your Steam Wallet, right?
Like there's no real point to owning them in a sense, right?
Or if, you know, I had stuff in World of Warcraft
and they shut down those servers tomorrow,
then in a sense like the world
that was giving those items intrinsic value
And so, you know, I don't know that you can separate
the value of the asset in a gaming context
from the world in which it exists.
And I'm just wondering if you could maybe expand upon that
a little bit and give you a perspective.
And I think the answer is twofold, right?
The first one is, do they really have ownership, right?
And then let's stick with Steam Marketplace.
I think it's a great example.
Let's say you played Counter Strike
and you found a very rare skin, right, for your AK-47.
Like, yes, you could trade it on a Steam Marketplace,
but if you double-click just a little bit more
you realize that it comes with a lot of terms and functions,
right, for one, you can only trade it for Steam credits,
which cannot be cashed out or be used anywhere else
So by definition, you know,
you can only use it to buy another skin
The second is, it is only that you could only take the skin
to sell for cash and then go buy something else
that's also on the Steam store.
And you'd go, yeah, but Steam store is large,
But if you look at the Steam Marketplace,
it actually, like, it only has maybe 20% of all games.
Most games actually don't list their assets on Steam store,
So for example, if you play Raid at Redemption,
there is no marketplace on Steam for items there, right?
And so, like, there is a concept of ownership,
but it is ownership asterisks, right?
It's ownership in so far as you abide
what Steam wants you to buy
and what Steam doesn't want you to buy
and how you would use the currencies and funds from there.
All right, so that's stuff like
how I think about asset ownership today.
And then you go, yeah, you know,
this end of life, what do I do with it?
And maybe put the end of life conversation aside, right?
Just go, I have a really cool legendary mount
I would like to trade that for a Minecraft axe, right?
Today, you cannot do that, right?
But people try it, what do they do?
It goes to these secondary, slightly sketchy marketplaces
where they do account trading, right?
Or they do stuff like currency conversion
and they hope that someone doesn't scam them.
They're doing marketplaces
where people are just selling account, levels,
selling item or something else in another game
that doesn't belong to the same studio
or the same locked-in ecosystem.
And why do people do that?
Because they just go, yeah, you know,
I like this game, but you know,
I'm sort of transiting to another game
and I'd like some of these things
to actually do something for me, right?
Because they are technically my assets.
And to me, the fact that there are entire businesses
and entire industries doing secondary account
and secondary selling, speaks to us in our self-need, right?
The second question around utility.
You are right, you are absolutely right.
Right now, even if they gave you the asset,
like there is no utility within other games, right?
And I think this is a little bit of this whole
like tragedy of the commons problem, right?
Which is if nobody builds utility,
obviously nothing will have utility,
therefore it's a self-fulfilling prophecy, right?
But I saw reference, really player one,
as this gaming utopia for people, right?
Which is in every game, look,
if I had some sort of open source interface
or if I had some sort of plug and play interface
where developers could specify an asset in their game
that would do something in my game
and vice versa, that would do the same for them.
You then create a community effect
or you create this interoperability effect, right?
And I know it's a little utopian
and I'm not presuming that it happens right away, right?
But I think we're already seeing that happen
So for example, people who play Need for Speed 3
and they have Need for Speed 4, right?
Like, yeah, it's studios going,
look, I kind of want these Need for Speed 3 players
coming to this Need for Speed 4,
both the games belong to me.
If I could sort of make something enticing for them,
maybe one of your unlock cards go over,
maybe a map is exclusive to Need for Speed 3
and if you played it and we determined
that you have that same map in Need for Speed 4,
like this concept is probably not really happening,
Because who expands the game the most
are lock-ins, clothes, and small bits of clothes,
Really the customers, right?
Yeah, but that's, yeah, go for it.
So to push back a little bit though,
I mean, you're conflating a couple different concepts, right?
but portability and interoperability,
these aren't the same, right?
And when you're talking about why can't a player trade,
let's say a spectral tiger for a dragon lord, right?
Like, you know, a cross game asset.
I mean, the reason why is not a technical one, right?
And I think this is important.
It's a business reason, right?
Like if you look at Nintendo's amiibos, right?
That's an asset, it's a virtual asset that,
or at least a physical asset has a virtual component
that can be brought between games.
But the key to an amiibo is that it's games
within the Nintendo ecosystem, right?
So they have an economic incentive towards interoperability,
within their own set of properties, right?
I think the problem is with a lot of this stuff
is that there's literally no economic reason
why Rockstar wants you to be able to take anything of value
outside of their ecosystem and bring it into Blizzard.
Because these don't stand for you.
Like, you know what I'm saying?
I think that's the part that I think a lot of
Web3 games are gonna run into,
is just there's economic realities.
Like, you can't explain to your board
why you wanna take a billion dollar revenue stream
and drop it to zero so that you can allow players
to like move assets around.
Like, they're not gonna understand that.
Yeah, I think that makes a lot of sense.
Actually, we think where Web3
and where like the whole decentralization concept
could work hand in hand with interoperability
is really the small guys.
if you look at the gaming industry,
there are the huge players.
And at least in my opinion,
it would make sense if two ecosystems of similar size
do a better trade of their players, right?
That would make sense because say if Nintendo
does a cross-collab with like Disney
or like say, you know, Hello Kitty,
then the values of the IP would make more sense,
but definitely Nintendo has no incentive
to collaborate with a indie game studio.
Maybe to put another lens on the value of
the value that blockchain brings to games,
I think it's really the record of assets
onto the blockchain, right?
Even if a, say if you own a skin,
a CSGO skin on Steam and Steam or above collapses,
what doesn't change is that the blockchain records
a state of your asset ownership
of all of your game progress
somewhere on the blockchain,
which is transparent for everyone to see.
So there is a lot of value in having continuity
for example, if another game studio wants to acquire
say CSGO users and maybe makes a variant of CSGO,
they could take the state of all the CSGO users,
take it from the blockchain
and superimpose that to their new game.
And I think that there is a lot of value
in just having a very transparent record.
And maybe tangential to this point,
something that we discovered is having two ecosystems,
say collaborate and be interoperable,
actually unlocks a much lower acquisition cost.
And then in the gaming space,
we've seen actually the cost of acquisition
actually getting beat up to a point
where many game studios in Web2
actually have stopped producing games altogether.
And just within our gaming ecosystem,
when we allow cross like interoperability of IP,
we actually see the acquisition costs go down tremendously
such that we are profitable on some of our games already.
So that's just an interesting insight.
Love the back and forth there guys,
I do wanna bring in Scott,
is that a stand up for a little?
I have a couple of questions.
I'm a little confused with what the purpose of your token is.
Like, is it play to earn?
What's the governance structure?
Is it like a DAO you're attempting to set up?
Can you get a little more into that, please?
Yeah, the token in essence is a governance token.
And we have built a suite of gaming infrastructure
that we think would be very useful
for gaming systems to have.
For example, anti-botting systems, payments infrastructure
and to qualify to be able to use these services
We would incentivize partners to hold the governance tokens
to buy the governance tokens
so that they become partners in our ecosystem.
And in that, in building stronger partnerships
within the ecosystem and growing that,
that would add value back into the token.
And also we plan to use the token
as the currency for many of our services.
I think we are in talks with a NFT marketplace
that we are not privy to disclose right now
to be able to accept the EIS token as well.
So there would be a utility as well as value
for the governance token as the ecosystem grows.
So if I want to be your partner,
I need to buy your token essentially is what you're saying?
Yeah, I think there are a couple of ways to do it.
We do charge for the gaming infrastructure services
but with several holdings of the governance token
and you becoming an active member
contributing to governance proposal voting,
we would offer preferential partner rates to these people,
Okay, and I heard you mentioned earlier
that you want to compete with Epic Games,
which at this point has over 720 million users
So how do you intend to accomplish that?
That's a pretty large number.
From the pitch you provided,
I feel like you kind of already began diminishing
your demographic by going straight to web three.
I feel like that really narrows your consumer basis
considering the sentiment from the current gaming basis.
So how do you intend to compete with say,
for instance, Epic Game launched Fortnite Builder,
which is sharing a 40% rev pool for builders on it,
which is a multi-billion dollar pool.
How do you compete with that?
How do you get that many users?
By launching, I think that's just native to gaming,
considering the technology we have at hand,
again, I feel like you're narrowing demographic
especially with the usage of the buzzwords.
I'll just speak for me specifically
and just a little background on myself.
I run a quote unquote metaverse.
I like to describe it as an interactive social experience,
but I personally would never buy something
to be partners with somebody,
because if you see value in my product,
you'll want me as a partner,
I wouldn't have to give you money.
Right, thanks Scott, let me take this.
So, the soft Epic Games analogy and stuff,
I think it's a good question.
The way we're thinking about it is,
we want to compete where the equalizers
are working in the benefit of a small dice, right?
So, the reason why we didn't just go,
let's go build a AAA game,
like take 10 years, build a Web2 studio,
and then try to fight a battle for Epic Games
is because like hundreds of people are doing that, right?
And the success rate is very low, right?
But we think that Web3 is a equalizing force
that resets the stage if you go in with a wedge, right?
And we think our wedge is around sort of rethinking
what kind of new gaming experiences gets unlocked
with the concepts like interoperability or asset ownership,
or just, you know, blockchain running in the back, right?
And, you know, the analogy I use is all these
like mobile gaming companies that today are huge, right?
Rovio and Supercell, that, you know,
didn't quite compete with Epic Games,
involved in the same way a console or a PC war would be,
but started sort of expanding the time
of what is considered gaming.
So that's kind of like how we think about it.
so what do we do about the fact
that Web3 gaming market is a super small time,
We are actually trying to build into Web2
and then extracting people from there, right?
So an example of that would be,
we took our IP, right, from our NFTs,
and we say the IPs people can relate to.
Play to earn, maybe not so much, right?
So let's take the IP and build, you know,
casual idle simulation games, right?
And from that, we actually managed to target a set of users.
We've gotten our app to about $100,000 at this point,
and it's casual positive, right?
And so using the fact that there is a captive pool
of Web2 audience that actually are starting to warm up
to the idea of what we're trying to do,
then we slowly bridge them into Web3.
And then we continue repeating the story
with both titles we build ourselves,
but also with the ecosystem partners that we have, right?
So that's kind of like the first part of the question.
On the second part of the question, which is sort of,
how do we think about ELS and utility?
Point well taken on sort of how we think about
preferential rates related to the token.
We'll take it back to our tokenomics team
and put it sort of for consideration.
Maybe I can chime in a bit on the token funds.
You know, we are not allowed to describe
the governance token as a value accrual
token because it is not a security.
But what I would say is as the ecosystem grows,
as we see traction in our products,
in our subscription rates,
we would consider certain buybacks,
buyback mechanisms in the market
in the name of managing governance rights.
And that is probably one way where everyone
would be able to benefit from the growth
of the ecosystem as a whole.
Of course, there would also be,
we are planning staking mechanisms as well.
So while we give out more ELS tokens
via staking the staking programs that we have,
at the same time we would conduct buybacks
just to manage the whole token ecosystem in general.
All right, I do see a couple of hands up
that I do wanna get to as well.
Appreciate the questions there from Scott.
Well, let's bring in one from Ashley here.
Hey, thanks for having me.
I was curious just because like listening
and kind of looking around to your side,
cause you said that, you know,
this is like a long-term project,
which is something that's pretty good for me.
that are gonna be here for a while,
but how would you say that this is gonna be sustainable?
Cause I'd be curious how you plan on generating revenue
I know that you had like a web two presence.
how are you gonna get, you know,
revenue like consistent from this?
there's not like continuous mince needed down the line.
If that question makes sense.
So I think the first thing we quickly hit a realization
is that unit economics is kind of like
not a very well-defined, right?
I think there's a lot of like mince and funds
and then figure it out or like, you know,
Give a bunch of emissions and figure out what to do
with revenue lines later.
number one, we raised investor capital.
And that is something that gives us a very stable runway
independent of where things go in the market.
So we don't have to do panic positions like
that's a drop and launch and hope that we can raise money.
So that's sort of baseline.
But where I think it gets interesting
because this is also something that I think is key
to the survival of any company,
which is can you generate revenue, right?
And part of what we think we did very well
was to realize early on that play to earn
and web free time is small
and to just go do what studios do best,
which is create entertainment that people pay for, right?
And so our web two games, as Nick alluded to,
is actually contribution margin positive, right?
So what that means is if the revenue that we get from it
actually offsets most of the variable costs that we get,
we're not given on the games,
but we are contribution margin positive.
And that I feel is already a huge step forward
in terms of just being able to govern unit economics, right?
And so that we coupled with like the baseline mission
of going, okay, if you can be contribution margin positive
on these games, can you take it further, right?
can you also bridge these users in the web tree
because the goal isn't to just build profitable web two games,
it is to use them as a medium
to bring people into web tree.
And so that's kind of our games business.
And on our infrastructure story,
but infrastructure story is a little bit of a longer shot.
It is a step to the enterprise business, right?
What we do is we say from all the learnings from our games,
they are extractable, scalable solutions that we're building
and we have found partners who think they're useful
and we are soft scaling them into either SDKs or APIs
and then it is essentially a software margin business.
And that is still in the works.
Can't really say there's much revenue there
but that's where we think a lot of the multiples
of where the company would be would come from, right?
And I think the sort of analogy
would draw yourself Amazon.com,
great business but not in margin.
They took parts that were extractable,
they built a whole software suite, it's called AWS
and today that's like 70% of their profits.
That's kind of how we think about
our unique economics within the business.
All right, thank you, Ashley.
Let's bring it back to you real quick.
I'm laughing because I think my question got answered.
So you mentioned Epic Gaming earlier
and I know where Epic Game,
they offer Unreal Engine, right?
So you'll basically be that,
you're trying to be what Epic Gaming is
to use an Unreal Engine to Web3 services,
like for Web3 developers to be able to build games
on top of your ecosystem.
That's the, I sometimes would go,
we use Epic Games of Valve as sort of like
and I think sometimes it is taken a little literally,
they're like, oh, are you gonna build this like
immersive 3D physics engine, right?
And I'm like, the spirit of what we're saying is
we have extractable common components
that other developers can use as building blocks
the same way when PC gaming was in its infancy
and Epic said, here's Unreal Engine,
go out there and go crazy, right?
And then, you know, we spawned hundreds
and hundreds of high quality games, right?
So you're right, we kind of want to do that,
but like, just for clarity of the audience and listeners,
like, so believe in the spirit of what we're saying
more than the literal definition,
because I don't want people to go,
oh, you are in the fast casual games business
and you know, a lot of your games
are little comos that are cutesy.
I don't see any Unreal component
and like, that's not quite the point, right?
But to your question, you are absolutely right.
We are trying to do what Valve did with Steam Marketplace,
what Epic did with Unreal,
which is to say they not only built the games,
they also gave all these like really, really important
infrastructure tools that future generations
and that is why the gaming market is what it is today.
I love that you definitely clarified,
I think, what we were trying to ask,
the question we were trying to ask.
So yeah, I think that's it for me,
I do appreciate the answer, thank you.
Awesome, thank you, Stackey.
Lucas, what's on your mind?
Hey, thanks for having me guys,
and I like what you're doing here.
It sounds like you basically said
that you're gonna like, do the games
and you're gonna leverage the knowledge
and learnings from the games
and put it over to your SDK,
is that what you were saying?
Like you're gonna use that to like make your SDK
and all that other stuff really smart?
That's right, that's right.
We kind of want to use our games
both to be a business of its own,
Build a lot of extractable components, right?
Yeah, I love that you guys are using that
to iterate and make a better SDK,
that makes a lot of sense,
so I really like the direction you're going.
When you talk in spaces like this though,
and I get what you're doing
because you're like wrapping it up,
you're kind of like saying,
this thing that we're building is the Uber for X,
or it's the, you know, whatever it is,
like it's easier to explain that,
but then when you say, you know,
something like Epic Games,
it's really tough on people to hear that
and go, wait, they're trying to compete
with someone that's giant,
like there's no way, right?
So, I think you just need that,
I think you just, yeah, I was gonna say,
We have to stop unraveling for people, right?
Yeah, I think you need to tailor that piece
so like when you're talking in spaces to say,
hey, what we're building is the model of this,
but we know we're not Epic Games,
but we're gonna try and get there, right?
And when you're pitching the VCs,
you just say, hey, we're trying to be the Epic Games
of web three, and that makes sense
because then I would be like,
ooh, you have my attention now, right?
It captures attention, it captured attention here too.
I just think you just need to tailor a little bit.
I like what you guys are doing,
so I'm really impressed and I hope it goes well for you.
Sweet, oh, look at board popping into the audience.
What would you say your biggest differentiator is
with Epic Games and within the competitive market
What could I use your platform instead of other people's?
It's a little bit of a curveball.
I'd say that the biggest strength
is also something that people point at us a lot,
which is we don't come from what you would consider
vanilla gaming executive or gaming studio backgrounds, right?
So, it's not like Nick and I came from like
a lizard, EA, or, you know, a Rovio, right?
And, you know, sometimes, you know, on bad days
when we're building and we're not trying to learn things fast,
we go like, hey, look, that's a sort of
competitive disadvantage, right?
But actually what I think is very helpful in such cases
is you don't come with inherited baggage.
You don't come with assumptions on what can work
and what cannot, and therefore you push that boundary
just a little bit more, right?
And what we make up with that with is
we come with an extensive sort of,
so I've looked at Google, right?
I've seen how you Google Cloud.
I've seen YouTube work at scale.
I know how to build products
that billions of people use, right?
And Nick comes from a finance background,
so when we say let's figure out how DeFi and games meet,
we sort of have that rationality
and hopefully some wisdom to go,
like it's not all about like yield and fast unloads, right?
And so we're trying to sort of take
a very different point of view
towards trying to disrupt industry
without going like we are an insider
trying to disrupt another insider.
But I kind of think that if you are kind of like
what I hold most dear in our stack,
our suite of competitive advantages.
you know, when we began building a year ago,
which was a aggregation of casual games
because we felt that that was the lowest barrier
to entry for the web tool crowd.
They didn't have to learn much about the games.
And fast forward to today,
you know, if you look at our website,
we have a whole suite of games
and I would say what differentiates us from,
you know, say 80% of web three companies
and we actually have results to show,
we have users, we have paying users,
and at the same time we have gaming infra.
And I don't think this story
or this strength is emphasized enough
on our building capabilities,
not just games, but in platforms as well.
And you know, just to bring up an interesting concept
that shows the strength of the team
and where the intersection of expertise
is we actually have a game
that's under our portfolio
that we recently acquired.
and it is a gamification of options trading
in the form of pet raising.
So it is powered by a buy now,
pay later pricing engine on options.
So, you know, given this is a kind of a financial group
and you guys may be interested to check it out,
you know, there's a whole wide paper on it
and we are very, very bullish on a future launch
And we think that there is a lot of value
in just gamifying experiences,
not just to a gamer crowd,
to introduce them to a otherwise like unknown
All right, I think we have time
for one or two more questions in here.
Again, we've been chatting with Ethelis,
they're building some really cool stuff
going on in the gaming ecosystem
backed by Sequoia, Dragonfly, Makers Fund,
some other big firms as well,
some pretty interesting stuff to look into
and really building a really cool environment
for the future of how people envision gaming.
and we do have a post pinned to the top of the space
and that's just a nice little gift for our listeners
that want to go ahead and check that out.
That's pinned to the top.
So for now, let's go over to Ethel.
Hey, I wanted to kind of tack off
something that Scott touched on
and also dig in a little bit more
on one of your areas around your go to market.
when you guys were thinking about differentiation,
we kind of touched on this earlier,
but you said that you were thinking more
along the lines of like targeting indie studios
and I'm wondering, epic games,
yes, they have their IPs, their titles like Fortnite, right?
But as you mentioned, they also have Unreal Engine, right?
Which is in a sense, a kind of a separate business, right?
You know, it's a set of developer tools,
it's a community, it's all the stuff around that, right?
And that is a huge channel
that is targeting indie developers.
So I'm kind of wondering,
how are you thinking about epic deciding one day, right?
Like they've just recently announced
they're putting a bunch of NFT games
on their marketplace and so forth.
What happens when epic says,
hey, we're gonna include a bunch of features
and functionality inside Unreal Engine
or inside our kind of developer toolkit
that's targeting web three
and we're just gonna push that right down
into that channel direct into all of these
thousands of indie development studios
Like, how are you thinking about, I guess,
I get a question, I get a question.
And I say this with a good degree of conviction
having been inside some of these giant entities
because the analogy to your question would be,
if Google Wallet decides to build a crypto backend
they would be the single largest crypto wallet
dwarfing metamask by multiples, right?
Why wouldn't they do that, right?
and the reason why I left a big tech
instead of just like asking for funding
First is regulations and reputation risk.
Because of what they are,
I have more to lose than more to gain in being disruptive.
Whereas if you are a young startup,
you go, I have more to gain in taking risks than lose,
right, and I think this sounds subtle,
but it is the difference between disruption, right?
It is the fundamental reason
why big companies eventually get disrupted
time and time again across the age, across the age.
So I think that's kind of like what we think is,
is one reason why we think
it's better to do it outside than inside.
And the second reason is because web tree,
because the time is so small,
it's just not interesting with them, right?
Like if you are a executive sitting on Epic Games board,
or you are the chief product officer,
like where would something like enable web tree,
web tree on RAM fit in your real roadmap, right?
It wouldn't even be a blip on that, right?
You go, let's do more ads,
let's have real support VR,
let's have unreal support beyond RTS,
beyond RTS, like it's just like,
the laundry list when you're big,
it's just like how would you milk your current cash files
and get more efficiency because the board demands it,
because the profits demand it,
because the quarterly earnings demand it, right?
And so they like, to some degree,
we're taking a punt that at the point where they go,
I'm gonna put this on the high enough in the roadmap
that it's actually gonna appear like it's really a thing.
And we are already riding that wave.
And I say that without conviction,
because I have been in companies where these self disruptions,
you know, I was in Google,
when Google turned down Instagram and Facebook, right?
And of course hindsight 2020,
but you know, at that point you also,
you are too expensive, too small,
we should just build it ourselves,
you know, we can construct any time, no problems,
and then you hit it, right?
we're really betting on this like playbook
of how big companies think
and where that level of opportunity is for startups.
I mean, I look, I agree with you
that these are risk-based decisions at,
especially at the C level, you know,
I do think that it is important to recognize that,
you know, part of what's happening
in the pioneering cost is de-risking, right?
Like companies that are operating right now
are fundamentally de-risking these decisions
by proving out these markets, right?
So you're right that today, you know,
rolling the dice on Web3 integration
with a multi-billion dollar IP
probably doesn't make a lot of sense, right?
But if, you know, if we, if we pioneered those costs
and then we decide that, hey, or we prove out that, hey,
there's, you know, a hundred billion dollar opportunity here
with Web3 integration, I think it does change,
it does change that calculus.
The one other thing I wanted to ask you was
a little bit around when you were,
when you were talking about competing with Epic,
you know, so like Epic's fear right now
is actually Roblox, right?
Like they're there who keeps Epic up at night.
And it's interesting because, you know,
that segment of users, the younger users,
like 13 to 17, it's massive, right?
The majority of gaming minutes on YouTube
are, you know, consumed by things like Roblox
and Minecraft and so forth.
But Web3 has always kind of struggled
because many of the, the sort of the,
the features you mentioned, right?
Like financial aspects and so forth
seem to be somewhat incompatible or, you know,
in some cases fundamentally incompatible with miners, right?
And so I'm wondering, how are you thinking about
sort of approaching the wider ecosystem in that context?
I, we think, and again, like,
this is in the realm of like-
And real quick, as your answer,
I just wanna, they work right at time here.
So I'm gonna give you kind of the answer to this one.
And then we do have a space come up right after this.
I see some of my speakers,
so I just wanted to let them know
to Omar and the others pop up on stage.
But no, I'm gonna give it, I'm gonna give it to we,
if you wanna just answer.
I wanna be respectful of the next space.
Okay, so the short answer too,
and this is speculative realm.
So, you know, my guess is as good as anyone's guess.
So take it with a pinch of salt.
My guess is the young cohorts,
the people who are dominating YouTube and Twitch
they care about entertainment and identity, right?
And I think that the answer to that lies in IP, right?
They wanna see IP that they love,
and it does something beyond just doing something
And I think that's the first wedge to get, right?
It probably isn't the financial incentive.
It's probably not like fancy things like,
So that's kind of like how I think about it.
All right, Wolf, back to you.
I'll have to get you on the next one.
I think we do plan on doing some more
Obviously this one flew by, tons of interest.
We, let me just turn it over to you
for any quick final comments here
and then we'll roll into my Tesla space.
it was a pleasure talking to you guys.
I think you guys asked a lot of insightful questions.
Some difficult, I appreciate it.
It hones iron sharpened irons.
For everyone who's just tuning in and staff
and wants the executive summary,
We are launching our token.
Our token is a governance token
representing our ecosystem.
the way I was rationalized it in 20 seconds or less
is the token is a stake into what we're trying to build.
That could leverage blockchain
to disrupt what games look like today, right?
Similar to what the internet
and move out there to games in prior decades.
And so hopefully this is exciting to you.
If you like what you see,
give us a follow, give us a tweet,
join our Discord, ask more questions.
And have a great day ahead.
Thank you, we appreciate it.
From Nick as well, really good stuff.
And then just great questions
across the panel from Scott, Evil Stacky, Ashley,
We always have so much fun.
and I'm gonna roll us into the Tesla space,
but we let's be in touch in the DMs
and we'll chat about the next one.
I'm looking forward to it.
All right, cheers, perfect.
Okay, well, we're gonna talk to Tesla here.
I've been hosting Tesla spaces pretty regularly
and we've got the crew up on stage with us.
We've got Omar's, Herbert, Brian.
So I think we're looking in good shape here
to get going with this Tesla space.
The big thing that's been coming up on my timeline
over the past week is everybody that's curious
if Tesla's not getting enough AI hype, right?
You look at a name like Nvidia
who said AI a hundred times this weekend
and they're continuing to pop to the upside.
I believe Nvidia today is up 3.9% at the moment.
It's up, you know, hundreds of percent this year.
Tesla is starting to get a bit of a bid,
but when you look at it in comparison,
hasn't gotten the same type of attention around this stuff.
It didn't get included in certain AI ETFs.
It is up three and a half percent today.
It is trying to hold 200.
So it has had a nice move from 150 back on mid-April,
but it's curious to see where we are now
and where Tesla could continue to keep going.
So first, I'm gonna do a little switch up here.
Brian, I'm gonna bring it to you first
and then we'll roll in with the other guys.
Good afternoon, everybody.
It's great to have such an awesome space to talk in.
So AI is kind of hard for a lot of people to understand.
A lot of my viewership is almost,
I'd say 75% of it is over 45,
and a big chunk of it is retired engineers,
I guess is my primary demographic.
And these are people who really try
and stay on the cutting edge,
but AI has happened so quickly.
And in terms of getting the hype they deserve,
what is the hype they deserve?
We're not entirely sure yet.
Dojo is an amazing, growing,
but we're not sure what it could necessarily do yet.
NVIDIA has real products that are really in the market.
Whether or not they're going to show the kinds of benefits
that they promise is unknown,
but it doesn't matter because what they're really doing
is selling cards, selling chips,
and in that regard, they are successful.
So the FSD is moving along so quickly, so nicely.
Omar's got a bunch of videos all the time,
including new ones this week.
It's moving quickly, it's getting there,
but we don't necessarily know where it is.
And it's been overshadowed by the huge announcement,
that Ford is going to adopt the NACS Tesla charger,
Ford gets access to the largest
and most reliable charging network.
Ford gets to keep their data,
which was apparently a sticking point,
and I can understand why data is worth all the money.
And it gives Ford a unique competitive advantage
over their other domestic rivals.
Well, first of all, the NACS as a standard is safe.
It's the best charger, it's the best handle,
it's the best connector, and that's not enough
because in the EU, it was still killed.
They wanted a standard, they picked CCS,
even though it's not as good, even though it's clunky.
And so now we're seeing even the media call it the NACS,
the North American Charging Standard,
where they always used to just call it the Tesla charger.
This also makes Tesla eligible
for the IRA credits for building out chargers.
This adds value to the company,
this gives them brand cache,
and Tesla also gets to keep the data
because it's just being passed through via API.
And there's probably some money involved,
whether it's from Ford directly or Ford customers
paying a slight premium over what Tesla customers would pay.
And this is really just the first domino to form.
There will surely be others
that will jump onto this standard.
So it makes a big shift that way,
at least in people's minds.
And just yesterday, Jim Farley said,
the real threat now is not GM, it's not Chrysler,
it's not even Toyota, the real threat's coming from China.
So they're starting to wake up to that reality.
On the AI side, I would defer to the other experts here,
Omar and Herbert, but that I think is,
it's been an exciting week,
and there's an awful lot of reason to be happy
All right, so some good points off the bat here.
Thank you, Brian, for covering that.
Omar, let me bring you back into it.
You're back in the US, good to have you full-time around,
curious to hear the updates from you,
maybe a little bit of thoughts from your trip,
and then just any latest Tesla action.
Yeah, so a few really interesting things
One of them is that Tesla launched
their full self-driving beta,
which is one of their first major AI products
that everybody's gonna use.
And I started testing this program in October 2020,
so it's been two and a half years
since they started letting some customers test this.
And now, after two and a half years,
they're finally ready to launch it.
And they've now put it in the main software branch.
They're now adding new users.
So you can now buy a Tesla, download the software,
and have your car just drive you around.
And people all over the country on Twitter
have been tweeting their experiences,
good or bad, what works, what doesn't.
And this is really going to completely change
how you use a car, or what a car even is to you.
So this is hugely significant.
And Tesla's been working on this for a very long time,
since before AI was ever a buzzword.
But it's one of the most incredible examples
With just eight cameras, it can drive your car.
And I posted some videos,
pretty much all of the drives it does for me,
I don't have to give any input.
Occasionally, there is something,
but it's getting more and more rare, even today.
And so this is hugely significant.
The Model Y is now the best-selling car in the world,
which is kinda crazy if you think about it.
it actually outsold the Toyota Corolla, right?
And a Toyota Corolla is like a $15,000 to $25,000
So how did a car that's $40,000 to $50,000
actually outsell a car that is so much cheaper?
And this is the first time an electric vehicle
has ever been on top of that list.
And it's the first time that a vehicle
with self-driving has ever been on top of that list
of the best-selling cars in the world.
And honestly, when I think about it,
I wonder, will a non-electric vehicle
ever be on top of the world's
best-selling vehicle list again?
Will a car that can't drive itself
ever be on top of the world's
best-selling vehicle list again?
And honestly, I'm not sure that could ever happen.
Because consumer sentiment
and consumer purchasing decisions
are shifting pretty clearly in one direction.
So this is really what makes their AI so powerful, right?
AI is all about the data.
So having the best-selling car in the world,
pumping out millions of these things across the world,
Elon's in China right now,
is talking with some officials at the Shanghai factory,
reviewing how things are going.
But they've now got production in Shanghai,
production in Berlin, production in California,
They're doing construction on a new facility in Mexico,
and they're gonna announce another new factory location
by the end of the year, somewhere in Asia,
maybe in India or in Indonesia or South Korea.
Those are some of the top choices.
So this really goes hand in hand.
You know, other AI companies,
they're really limited to training
on what's on the internet, right?
And so when you see chat GPT or BARD or llama
or all these different chat bots,
they're all training on the same internet data,
and they're pretty much the same.
What about the data that's not on the internet?
What about the data that you have to actually go
walk around the world to find, like data about our roads?
I think really has a sort of competitive moat.
Although they don't like to have moats necessarily,
they end up building a lot of them.
And it's the fact that they're mass producing
So them mass producing millions of vehicles
is what's allowing their self-driving AI
to surpass everybody else.
They can look at what's going on around the car
and figure out how to drive the car safely with that.
The competition requires pre-mapping.
They're really stuck to a very narrow set of areas.
Nobody's doing what Tesla's doing
where you can actually just buy a car
and ask it to drive you anywhere.
And the reason they're able to do this
is because of the mass production all across the world,
Cruise, which is a company that's owned by General Motors,
they said they've done around 1 million driverless miles,
which is impressive, driverless.
But in terms of the miles FSD beta scene,
they're now doing well over
one and a half million miles every day.
So every day, they see as many scenarios
as the competition is seen in their entire life.
It's really pretty striking.
And it's not really surprising
that they have this capability.
So this is gonna go hand in hand.
And now that it's launched,
it's going to be an absolute hit product.
This isn't something that's far in the future.
This is something that I think is gonna surprise people
to the upside in Q2, Q3 and Q4.
Because the margins on selling the car,
you keep about 20% of it.
The margin on selling the software is completely reversed.
You keep about 80% of it.
So I think it's going to surprise people in a major way.
This new FSD beta 11 highway stack
is so much better on the highway
that everyone who uses highway autopilot
and everyone uses highway autopilot
because it's included for free on every Tesla.
They're gonna wanna upgrade to this
because it's dramatically better.
And that's gonna have near term financial implications
I think a lot of Wall Street's ignoring.
They're ignoring the number one real world AI company
And Elon made a point at the annual shareholders meeting
which I thought was really interesting
as they ended up creating this full self-driving AI
for the car where the car can move around the world
They said, hey, this would probably actually be really cool
in a humanoid robot as well.
We could use this in the factory.
There are so many tasks this could do.
And they're building that robot.
They've shown some videos, I'm sure some of us have seen it.
what's the market for these robots with this FSD AI,
leveraging a lot of the things we've done,
the training supercomputers we've built.
And the market may be more than two bots
for every human on the planet.
So long term, the AI side of the business
and really what the potential of all of this is,
whether it's AI in the car or in a humanoid robot,
it's potentially much bigger than the auto business,
much bigger than the energy business,
which is also growing like crazy.
And that's why I say that Tesla's an AI company
and the future of the company is AI.
Because these are technologies that nobody else has,
not open AI, not anybody.
And the value of these things as they emerge,
So a lot of Wall Street likes to ignore them.
Wall Street likes to look in the rear view mirror
after something actually shows up in the financials,
then they start to develop a model around it.
But looking forward, it really looks like
the value of what they're doing with AI
is gonna end up dwarfing everything
that's going on in the rest of the company.
And they're doing some amazing things
in the other sides of the business.
I definitely have some thoughts,
but I wanna bring Herbert into the mix
before I get too far into it.
So yes, absolutely, Tesla is an AI company
and I actually really, really getting excited right now,
believing that the world will find out soon.
Number one, when the shareholder meeting happened,
Elon came up and he said, I'm gonna stay at Tesla
and I'm gonna make sure that working with x.com and Twitter
that Tesla is gonna be able to be part of the solution
Now you're gonna start seeing him tweeting out regularly
that Tesla is an AI company.
Just a couple of days ago,
John Orlakman tweeted out 10 year stock returns,
Nvidia is at 10,500%, AMD at 4,300,
Tesla at 2,700, Netflix at 1,000%.
And Elon responded to that saying for now.
Now, a lot of things are happening very quickly.
We're gonna start seeing more and more things.
I mean, Omar just did an amazing job
just showing this every day and it's truly is improving.
But the more important thing, of course,
is FSD betas now arrived in Australia.
So last week it was installed in two cars.
Very likely employee cars still very early,
but now you're seeing it in Australia.
And then they're also saying
that it happened in Europe as well.
And you know that Europe, the regulatory body
now kind of just solidified their commitment
that it's going to approve kind of fast track FSD
being approved in Europe to now be in January of 2024.
It was gonna be a year later from that.
And then now you're hearing and seeing more and more rumors
and real kind of information that FSD is going to be released
and announced in China as well.
So you're gonna start seeing more and more
of these FSDs all over the world
and more and more of these people
now that they've opened it up to everybody,
The other big thing I think that could be a real big
mover for Tesla being seen as an AI company is the bot.
Now, just imagine what happened, right?
So they launched a bot a year and a half ago,
then it wasn't really doing anything.
And then they showed a video
with it having two or three of them walking around.
Now they showed the latest video on shareholder day
with five of them walking and doing all sorts of things.
They could at this point,
release more and more of these videos once a month
in anticipation of September 30th.
Every time these videos come out,
it's gonna start getting viral
because these robots are gonna be able to do things
that now you can actually see and do more and more.
So I think that just combining that alone
along with what's happening with beta
he's gonna start talking about it.
You're gonna start him bringing it up
every time he's interviewed,
he's gonna start tweeting more and more
about how Tesla is an AI company.
So I think that that is definitely
going to start happening.
The other things that happened just to wrap up
in terms of all the things that happened last week
as of course for the first time ever,
the Tesla Model Y was the best selling car in the world
in Q1, and I did a tweet and I said,
the next four of the top five best selling vehicles
right now are all Toyotas.
But in 2025, 2026, I think most of us think
that this is all gonna be replaced by Teslas.
And so not only is Tesla Model Y
gonna be the best selling in the world,
but if you look at the others,
it's gonna be replaced soon.
The Model Ys is now shipping with Hardware 4.
So again, it's gonna start showing
improved FSD capabilities,
but as that gets spread out more,
of course the Supercharger announcement with Ford,
but I think what's really interesting about that one
was the fact that they allowed Ford to use their own app.
They're gonna do APIs into the app,
but there's so many things that they're doing
within that integration to that app.
For example, one of the features I never knew existed,
and I just discovered last week,
was you now have the ability
within the new software update in Tesla
that if you are looking for a Supercharger,
you actually can see the photos
of the upcoming Superchargers.
And so it's an integration into their app
beyond just a partnership.
And then if you notice in that space that they did,
two times I felt that Elon kind of soft pedaled,
soft kind of threw out the idea that,
hey, beyond this, we can also do more software
And then what Jim Farley said back was,
I'm actually quite interested to learn more
about your Tesla mining refinery.
So it just really does feel like
that they're establishing a relationship
that the software integration to their API,
while it sounds like, oh, they're not using Tesla's app,
I think it's just another example of Tesla being built inside
and be able to expand further and further out beyond that.
The other things that happened was, let's see here,
Tesla and Gartner, which is a very well-respected survey,
2023, Tesla supply chain rated in the top 25.
And this is well-deserved recognition.
Jeff Lutz shared that information with folks.
And if you look at the list of all the top companies there,
we're talking Johnson & Johnson, Cisco, PepsiCo, Pfizer,
Walmart, Coca-Cola, and there's Tesla at number 14.
And they're the only, of course, auto company.
So they're just killing it in every area.
But getting back to AI, I'm very bullish about this.
I do think that the narrative about Tesla is going to
change and the big reason is that Elon is now focusing back
on Tesla, he's out there, he's doing moves
and he's going to start more vocal about this.
There's going to be announcements.
And remember what he said, right?
He said at the time that he was being interviewed,
this is not the time for me to make announcements.
There will be more announcements of how exactly
x.com and Twitter and Tesla is going to be doing
both AGI and real world AI.
So just remember that he said that it's going to be faster
for us to become chat GP than chat GP to become us.
So the conversion between real world AI
as well as this large language learning model
that you can data driven AI, the two together
is going to be just so powerful.
So I think that it's happening, it's going to happen.
Awesome breakdown there, Herbert.
So there we go, right across the board,
we heard from three amazing Tesla analysts
that we call them and Insight people.
So really, really good stuff.
And of course, if you're looking for more Tesla insights,
you can check out everybody that's on the panel.
One thing I do want to ask you Omar,
because I did see you just make a post about it.
So myself and Omar, we've been doing some work
with rounds of ETFs and they launched
the first ever generative AI and technology ETF.
It's called chat is the ticker on it.
CH18, nice little chat GPT ticker.
This thing was up 6.5% to one point this morning,
trading more as an ETF should now
of about 2% still on the day, but just a crazy week,
And Omar, I think it's obviously nice
that we're getting the gains on it.
Why do you think that Tesla didn't make the cut
on this one where it's so specifically based off of AI names,
right, and it has Nvidia and Microsoft
and others like that, but Tesla's not inside of it.
Do you have any thoughts on that?
Well, I wouldn't necessarily call Tesla generative AI.
What they're doing is more like a real world AI.
So generative AI really refers to chat GPT
or stable diffusion or mid journey.
These types of models that are really generating
some kind of output, like a text or image or whatever,
whereas Tesla's AI is more focused
on understanding the real world and how to move through it.
So, you know, I think it makes sense
if you're talking about generative AI
and trying to sort of label things that way,
which is really what everybody's been focused more on
and less on the real world AI side of it,
which I think is gonna be as significant if not more
for disruptions to the labor market and that sort of thing.
But, you know, and maybe in the future,
I could see Tesla being recognized more
and including in more of these AI ETFs.
It definitely seems like the market is in love with AI.
Everybody's trying to say AI as much as possible
Many of these companies, you know, legitimately
do have some great benefits as generative AI rolls out,
They've got the tools that everybody needs for AI.
They're expanding a lot of ways into software and services,
a lot of these other companies as well
So it's not really surprising that it's doing well,
but, you know, the market can sometimes get a little
overexcited about things.
So we'll have to see if it holds
or if it's just, you know, kind of the craze of the day,
but unlike sort of web three and blockchain
and some of the last hype cycle items,
I think there's actually a lot of earnings
that you can generate from some of these AI technologies
There's actually a market and a product
and a product market fit much more than you saw
in sort of the crypto ecosystem.
So I do believe that at least for some of these companies,
generative AI is going to have a material impact
You know, Microsoft, for example,
Google companies like that,
it's really going to determine the future
Yeah, I think that's a really good point
kind of separating out the different types of AI
that are going on here and how they factor into Tesla.
Speaking of Tesla, Brian, do you have any comments
on the price action that's been happening lately?
Tesla has over the last, let's give it a look,
month and four days gone up 35%.
So not too shabby in comparison to,
you know, what's in the rest of the market has done.
And then outside of that,
any latest thoughts on what Elon's been up to?
You know, it was what, when it got down to 105,
we saw people saying, well, I'm going to go ahead
and sell now because I like it better at 70.
Again, I'm not a gambler or trader, I'm an investor.
So to me, this is just a sign of all the pent up prospects
It's all about execution right now.
The macro's been beating the heck out of them.
And it's finally catching up is the way I see it.
Tesla likes to announce things early
where other companies tend to hold off
and wait until it's actually about to happen or happening.
And investors see that and it makes them a little more
skeptical to give into the hype as it were.
which is more of a pure AI kind of play in their chips.
Yes, it's attached to the physical chips,
but it's easy to overlook FSD because it's a car.
It's easy to overlook the bot
because it's part of a tool
or maybe it's just part of a novelty.
But AI is the key to the bot.
It's what makes it different than all the bots
that came before it is those were all on rails.
you needed to program a new task apart from walking.
And this is trying to do all of it.
It's trying to make it an open world bot
in ways that we've never seen before.
So to me, the stock increase that we've seen
it's just more of the market realizing
what they were overlooking.
And you've got this real tough barrier at 200
that it's just struggling to crack.
It did briefly today and then it pulled back.
A lot of people feel like 200 is a good place
to take their 35% gains on the month
and chalk it up as a win.
But there's only so long you can ignore the fundamentals.
So that's what I think is going on with that.
Very good points across the bat.
Now, I do know some speakers are probably coming in here
You can feel free to request up on the panel.
I think we might do a few more minutes here
as speakers are coming up if you're in here
feel free to go ahead and request up on stage.
Omar, I know you're staying on for this next hour.
So Herbert, let me pull it back to you
In general, I know that you heavily covered Tesla.
Are there any other stocks
Nikola at this point is now down to a,
what's the market cap on Nikola?
They're getting delisted.
Who cares about the market cap?
That's what, across the board.
It's like, it just seems like a lot of the competition
has kind of faded pretty hard.
Curious if that's what you see as well.
So first of all, in terms of this Tesla narrative,
I've been asking the question
anytime I can interview somebody,
do you think that this change in the Tesla narrative
something that will just as quickly as it came.
it can go away in the next two weeks,
or is it something a little bit more structural,
something big has happened,
something important has changed.
And I think it's something more to the latter
because I think three of the things that happened
that caused this stock to just dramatically fall
have all been resolved in which,
Twitter issue, the question of whether or not
there's volume and can Tesla survive the macro.
The macro is always going to be the thing
And until the macro, it starts to look better,
Tesla's not going to skyrocket up until that turns.
it is definitely going to just like a slingshot
But I think that the momentum has changed.
Elon committing his focus on Tesla
is one of the big things people are now liking.
There's obviously seeing the momentum in terms of,
if Tesla is able to continue showing 500,000 cars every quarter,
I'll be doing a video later at noon
where we talk about 11 different events
that can happen this year
and by first quarter of next year,
they're going to keep blowing up the stock
and continuing that momentum as it grows further.
In terms of the competitors,
as we see positive news about Tesla everywhere,
number one car sales in not only the world in China
and just everything happening for them
in terms of the partnership,
that partnership I think is another one
that changes the narrative
because it shows that the superchargers
and then you can start seeing partnerships.
And so what you were asking about the other car companies,
we're seeing many of them die
and so that's gonna happen,
the ones who can't get through this,
they're gonna start partnering
you're gonna see smaller OEMs,
that's gonna take a much longer GM at Toyota,
but the others will start partnering with Tesla as well
and that as well just shows you
that there's gonna be this partnership
amongst these car companies.
it solidifies supercharger network
So yeah, it's like many of us who do analysis,
I think Brian here has a great YouTube channel
and he has just been doing a bunch of,
and we've been doing analysis,
he's been doing deep ones
where he's really evaluating what's going on
with their financials and their manufacturing
and all their problems that they're facing
and the ones that they're successful in
and you can kind of evaluate,
but many of them are struggling.
So, and in terms of partnerships for other stocks,
there's this kind of a jump to the AI thing,
you attach AI to it, it's gonna grow.
And like Omar was saying,
some of them are legitimate
and many of them are not.
And so you just need to find out which one of them,
but again, I stick to Tesla.
I feel like Tesla is going to emerge out of this
because they have all the things in place.
When I interviewed James Dalma
and I asked him, is chat GPT
and these kind of generative AI
and these large language model,
are they way ahead and is Elon catching up?
And the reason why he said no
is that you need to have the infrastructure in place.
You need to have the supercomputers,
you need to have the neural networks,
you have to have the staff and the culture
and what Tesla has been able to build in FSD,
he said, you need all of that
to be able to build the chat GPT kind of competitor to GPT.
And so, Tesla is not behind
and they can catch up and they can actually surpass.
And then the combination of both real world
and as Omar put a generative AI,
it's gonna be even more powerful.
And of course, if you have the bots,
you've got something to actually hold onto it.
So I still, if I think of AI,
I'm gonna pick the company that has not yet jumped up.
If I'm gonna invest in a company,
I'm gonna pick the one that I think might start
to be seen as an AI company
And it's the most obvious thing to me is Tesla,
maybe I'm being very naive about it.
All right, I like to run down there, Herbert.
Okay, so we're gonna open up the floor a little bit.
We have some more speakers coming on.
We're gonna continue talking to the market.
I'm happy to talk generative AI,
some other pieces as we go through it.
Brian, did you have any other quick comments?
Cause I know I asked Omar to stay on for the next till two,
but I'm not sure if you had anything else
you wanna throw in here before I rotate around the panel.
No, I think Herbert's got,
had some really great takes there.
And no, I think everybody's covered it pretty well.
Then we're gonna bring in some of the other faces
I would love to hear any thoughts on Tesla.
However, you're totally free to talk
about anything around the market
that you're really focused on.
Let's go over to Andrew first
and get some thoughts on what you've been investing in.
Hey, what's going on everyone?
It was really interesting conversation about Tesla.
For me, I'm a price action trader
and really what has been catching my eye
is obviously everyone is talking about these AI stocks.
I did a study over the weekend
about really just historical extensions
from the 50 day simple moving average
as well as the 20 day simple moving average for the NASDAQ.
And really what I started to find
was in terms of the price action
and the way that the market is behaving,
this kind of like just five to 10% upward thrust
and all these AI stocks every day.
We really have not seen action like this
since the dot com bubble back in the early 2000s.
So I definitely think with these stocks,
they've been absolutely brilliant.
If you're along these names,
like that P&L is very real.
But I think now trying to buy some of these names
is a little bit tough with how extended they are.
So far, I've only taken one trade today
and it was right off the open.
I added to a short position in the NASDAQ.
And yeah, I really just think
that the liquidity backdrop for the market
is gonna get a little bit worse when we get that debt deal.
And I mean, this is our reaction from the debt deal.
Small caps are down, Dow's down,
really the only stocks that are keeping us afloat.
It's really Nvidia and a few other names.
I'm just kind of sitting on the hands
and really waiting for more information from the market.
But I think this is just like a historic moment
and yeah, we'll see how long these AI stocks
but I do believe a pullback is around the corner
All right, love it, Andrew.
Excited to dig a little bit further into that.
Let's get a couple of thoughts here.
Yeah, that's actually some interesting takeaways
from Andrew with that liquidity.
But yeah, I mean, effectively the deal,
if it goes through as it I think is constructed now,
suspends the debt ceiling through January 2025,
which effectively kicks the can down the road
past the national election November and next November,
which I think is interesting just to get that out of the way.
I think it's a positive near term for risk sentiment,
although consensus expectations really had always revolved
around a last minute agreement.
I think everyone knew that.
So I think that's perhaps why you're seeing
Today, the deal was likely to expect
a very minimal economic impact outside of market confidence,
business confidence, dynamics.
But as Andrew was alluding to,
I think it now shifts the focus
on some of the liquidity headwinds
to rebuild that TGA account, the Treasury General Account,
especially when you think about what often gets overlooked
is we have 95 billion in QT
that's just sort of running,
humming along in the background.
I think we started that last June,
so we're going on about a year of that.
So I think when you put those two together,
definitely I think some talk about liquidity,
headwinds, dynamics, sort of perhaps acting
Yeah, I mean, I think really all it does
is it just removes an unnecessary
near term source of uncertainty when,
the market's really ramping up expectations.
Now for another rate hike in June,
I'd seen someone put something out on Twitter
just how the probability has really been
If you look at the CME FedWatch tool,
I think this morning it was something
almost hovering near 70% now for a rate hike.
And that's just really a radically different view
in terms of pricing from just a few weeks ago.
So I think that's all pretty interesting
Perfect, thank you, Blake, appreciate those insights.
Max, gonna bring you into it,
kind of get your overall thoughts on the market right now
and what you're mainly focused on.
Yeah, they will, for Gav.
It's my first time here, everybody,
so very appreciative of the invite.
A little bit of background on myself.
I have a background in real estate
probably about four or five years ago.
I transitioned to trading full time.
I guess I would consider myself
to be sort of a technical trader.
I really sort of operate under the thesis
of show me the chart and I'll tell you the news.
And I think if you can find a really healthy balance
you're gonna be set up for success, no question about it.
I don't think it's a winning strategy to be so one-sided
where you're the best macro analyst in the world,
but you don't understand price action at all
because you're not gonna be able to execute
on all that knowledge that you have.
So we really try to strike a healthy balance.
And in regards to what I'm watching in the market right now
is well, of course, we're watching tech melt faces
We're watching Nvidia tag a trillion dollar market cap
and on their last earnings call,
I mean, they gapped up 30% overnight.
They added, I believe it was 250 or $300 billion
to the market cap within an instant.
So when I look at all of that,
I say, okay, there's a lot of high timeframe bearish signals
that are flashing and they have been basically all year,
but activity like we're seeing in Nvidia,
whether it's catalyzed by the AI narrative or other,
it's not exactly indicative of a pending
but it certainly feels like there's a lot of sort of
quote unquote recession triggers that are firing.
I mean, we're seeing that the 10 year minus two year yield
inversion reach levels that we haven't seen,
basically going back until 2008, I'm sorry,
So I look at things like that and I say,
well, what happens when the yield curve
begins to uninvert itself?
Well, historically, that's been terrible for equities,
I look at this on a high timeframe and I say,
well, again, historically speaking,
when the Fed is at the very tail end
there's this small window of opportunity
where risk can perform tremendously well.
I'm taking it day by day, week by week.
This is not an environment that I feel is conducive
for swing trading at all.
The people that have been performing the best this year
are those that are quick to enter
and quick to exit and secure their profits.
Unless of course you just bought the Nvidia bottom
or the QQQ bottom and I guess you're doing very well,
but beyond that, beyond the 10 names,
the 10 mega cap names that have basically,
people have been tripping over each other
This has been sort of a trader's market.
It's been dictated by the zero DTE traders,
the people that are not buying the rally,
but rather renting the rally.
But for me, a lot of specifically what I'm watching
is I'm very focused on TLT right now,
which is the three times leverage bull version of TLT
or long duration treasury bonds.
Fun fact, I guess for the technical traders out there,
every single global bottom in the past two decades
in long duration treasury bonds
has been a double if not a triple bottom.
So does it have to happen again?
And it never has to happen of course,
but if you are a technical trader,
I think you should probably give it some level
given that again, in the past two decades,
every single global bottom in long duration treasury bonds
has been a double if not a triple bottom.
So I really think we probably have
one more 25 basis point hike.
I'd be surprised if there was a second,
I think we are seeing what we want or what we need
in regards to CPI coming down and PCE.
I guess the last print was questionable, decent at best,
but I think we're headed in the right direction.
I don't think there's really any doubt in my mind
at this point that the Fed is probably one,
maybe two meetings off from a pause,
which would indicate to me,
well, if we are gonna get a recession,
I think that TLT is gonna be an easier trade
than trying to short equities
because they're gonna have to cut their way
out of the recession after engineering the recession.
And if we aren't gonna get a recession
and eventually they're gonna have to drop rates
and maybe higher for longer,
which has been sort of their mantra,
doesn't mean holding the 10 year at over 4%,
maybe it means bringing it down to 2%
and then holding and that's higher for longer.
So if we don't get the recession,
but they end up dropping rates slowly but surely,
long duration treasury bonds
are gonna do very well also.
So for me, the only way that it loses is of course,
if inflation remains a little bit stickier
and very, very focused on TLT, specifically TMF.
And TMF is a bit of a unicorn in the sense
that it doesn't have the same contango
that a lot of these three times bowler,
three times bear ETFs have,
where if you overlay like SQQQ over QQQ,
it just bleeds in perpetuity forever.
It looks like straight down to the right.
Even if you put it in log view,
you still can't get a good look at it.
You have to continually manipulate the amount of shares
just to make it tradable,
because it bleeds forever.
TMF, you overlay it over TLT,
very little decay, very little contango.
pays me a small yield to hold it.
I think the fundamental high timeframe thesis is there
and it's gonna be something that,
I wouldn't expect it to necessarily play out immediately,
but I think it's a winning strategy or a winning trade
over the next 12 months or so,
but I'll pass the mic to somebody else.
Wolf, thanks for having me, happy to be here.
Yeah, perfect rundown there, Max.
Super interesting the way that this market's been running.
You know, the only thing that could stop AI
was this morning, I believe.
Evan, I don't know if you saw it,
but Jim Cramer did tweet out
that they are going for it with every one of these AIs.
So that's about all that I think
it can turn it around right now.
But Evan, do you wanna comment real quick?
We were talking a little bit of,
oh, Andrew, you got something?
I was gonna say if Cramer just put that out, it's over.
That's what I'm saying, that means it's the top.
Hopefully not the top though for chat.
Evan, we were talking a little bit about this beforehand.
This thing was up 6.5% at one point this morning.
We were kind of talking about why Tesla's not in it.
Omar made some good points about generative AI
versus other types of AI.
I saw you putting out some tweets about it too.
Did you have any comments here today?
Yeah, no, I like to put out this tweet
to like when you buy $10,000 in an ETF
or how much you're buying at each holdings.
I think it shows it in a different way
that some people don't think about.
So I always like throwing that in there, it's a good time.
But yeah, overall, just a fan of working with RoundTill.
Great company, I was a fan of them for a long time
and getting to work with them now is pretty cool.
And this new generative AI ETF
is definitely the big focus on the market right now.
And we'll see how long it can continue.
I know everyone's gonna sit here and say the same thing
of, oh, it's super overvalued, everything across AI
and it's getting into eye bubble.
But who knows when slash if it will pop
I find it very fascinating.
What happened to NVIDIA last week
or two weeks ago whenever they reported earnings?
Because we have seen a lot of these very hyped up themes
come into the market and get a lot of hype behind it.
But we haven't really seen any real revenue impacts
like what NVIDIA just said they're gonna have.
They're gonna be at $11 billion next quarter of revenue.
They've been tracking between six to $8 billion
over the last couple quarters, a year, two years or whatever
and they were predicted to go for $7 billion.
So this is quite the large increase all around AI.
So as much of as hyped as it has gotten
and it definitely has like no one can sit here
and say that it's not crazy, going crazy
and you just have to say AI
and some of your stocks go up.
But this is the first time where I've actually seen
that revenue impact happen right away in that hype
And so 5G, remember all those talks,
my 5G still sucks, Metaverse and all this stuff.
But here we are actually seeing some real,
saying they're gonna see real revenue impact.
I know we were on a call with Matt earlier
and he was having the trouble,
maybe even Austin or someone, I don't know.
But they were having, oh no, who need?
But they're having trouble believing
that that $11 billion number was gonna get there.
I guess that's, you can think that.
I'm in the boat that NVIDIA tends to beat their numbers.
They haven't missed a revenue guidance since 2019.
And yeah, so I think it's pretty interesting.
We'll see how long it can last.
But if we didn't get that $11 billion guidance from NVIDIA
and the stock was where it is today,
I would have taken profits on my position.
I bought in a couple of years ago.
So I have very far away from it.
And I actually already took out my initial investment,
I believe back in the day.
But yeah, basically my cost basis is a lot lower.
And if we didn't get that actual revenue increase,
I would have sold out at this point.
Now it's a wait and see and we'll kind of go.
So overall NVIDIA is a really interesting one.
It's seeing those real life impacts,
which I really do think is interesting
and something that we haven't seen before.
And overall, shout out RoundTill in that new chat ETF.
I shared a lot of the holdings.
Obviously RoundTill is registered with the SEC
and doing all that stuff and very legit.
Maybe this ETF isn't right for you.
I'm never gonna go and tell you to buy something
Maybe this is even the device you've been looking for
to go short at some point, who knows.
But just a legit company putting out
some interesting products with really great timing
and some amazing tickers as well.
They had the meta ticker.
I guess Facebook meta bought it from them, we think.
Or maybe they just gave it to them, we don't know.
But company puts out some good tickers as well
If it's something that you're interested in,
maybe it is, maybe it isn't.
But I just find it fascinating
that this is the first theme that I've actually seen
that revenue impact happen.
And we've had a lot of people come out and say,
I think this is more of a real thing
than a lot of these hype factors.
But there's cool to see that revenue impact.
Now, one last comment that I'll throw back to you.
I do think we're gonna see a trough at some point.
The hype that's been going on,
I don't know what's gonna shake us there,
or what can bring us there.
But nothing goes up and right,
up and to the right forever.
Hype tends to come and go a little bit
and we'll see where we shake out at some point.
But like I said, those real revenue impacts
start to make me think this could be
something real over the long term.
I will bring it right to Andrew.
Yeah, I think Evan made a ton of really good points there.
Like heading into Nvidia's earnings report,
there was a lot of hype in the space,
a lot of the names really ramping up.
And typically what happens when there's a big run
and a big hype like this,
a lot of times the hype train just gets derailed
by the reality of the numbers.
But this was the very rare circumstance
where the stocks were so hyped,
but then the numbers came out even better
than the people that were really invested in the theme
even thought that they would be.
So it was like this very, very rare event that occurred.
So yeah, I think the move in Nvidia,
like it's tough to say that that move is not justified,
but I think today's move is a little bit strange
where like we got a shelf offering from Nvidia on Friday.
And we also found like one of the original investors
I think it was like a small piece of mistake,
but did some selling on Friday.
And now we're seeing Nvidia just like continue to gap
So I think even at this point,
it's a lot of investors that like,
we're already heading towards the end
of the first half of the year.
I think a lot of fund managers now,
like they have to be invested in this theme
or else they're going to look like idiots to their clients.
So like to be honest, like for most investors
is now when they really want to be buying into Nvidia,
probably not at any other time would have been
But now I just think we're at this point where it's like,
we just have to be invested.
And I think where the hype really is
is we're seeing a lot of other companies
that they didn't put up the core of that Nvidia put up
that those companies are really ramping.
So I think for right now,
this is like the best time to invest in a theme.
and at the current moment,
it's impossible to quantify the actual impact of the theme.
That is almost the best time to invest in it
because you really can't have valuations
that go against any thesis.
So I think that's what we're seeing now,
these companies are running.
I think a lot of the companies like Nvidia,
they're going to have to prove it
on their next earnings report
and see if they're actually making a good impact
from their AI investments.
it actually does have the potential
and almost every company that I see,
they are making some sort of investment
trying to create their own chat bots,
trying to build their own data sets.
So it's definitely a real thing.
Really, really quickly that Nvidia shelf filing,
that was actually from February.
I don't know why they restated it or amended it on Friday.
There's nothing really different.
They just added some more sources to it,
but that's still available when it was from February.
Austin, you have your hand up?
Yeah, I got to run in like six minutes.
So I just, we're talking about kind of like AI theme,
I've owned it before, but I haven't owned it this year
because I generally invest on fundamentals.
I just have not been able to justify
the fundamental negative year-over-year growth.
They just guided to, I think in next quarter
to where some pretty strong growth.
But still, I personally can't justify
the valuation of that stock,
the current multiple of the stock for the business.
And I think there is a lot of hype
and I don't wanna get caught up in that hype
and I refuse to invest in something
just because I think it's gonna go higher.
That's just my personal choice.
I've been negative on it and obviously wrong.
I haven't shorted it or anything like that.
But I do believe in AI and I do believe
that there's real products behind it.
There's a real revenue behind it.
And so I'm still trying to invest in a way
that will be benefited from that.
And a couple of companies I own
that I think stand to benefit from AI
and large language models and all the hype words
that is not necessarily priced in at this point,
Google might've heard of that company before, Alphabet.
Amazon, another company, they're a bookseller.
You may have heard of them.
Even a company like CrowdStrike,
they, just to disclaimer with them,
they report this Wednesday,
it's kind of a cloud-based cybersecurity stock.
So who knows what's gonna happen over the short term,
but I think over the long term,
more need for endpoint security,
both the good and the bad that come with it,
I think drive demand for more cybersecurity.
And to Google and Amazon,
two of the largest cloud hyperscalers in the world,
and then Amazon specifically,
I think has potentially some of the most cost savings
that we can see from the benefits of generative AI
everything from in their warehouses
to their logistics and delivery,
gas prices are a lot lower,
which they run a lot of their own
first party delivery services.
If you see the Amazon trucks out there,
they're gonna save a bunch of money that way.
So I'm positive on those stocks
and just want to share a few ideas
if people want to be invested in benefit from AI,
but are maybe trying to stay away
from some of the super hyped names like Nvidia.
And if I continue to be wrong on Nvidia,
because it just doesn't fit into my investing process
and the way I invest to own that stock right now.
Awesome rundown there, Austin.
I appreciate you making the time to be on with us.
Did you have any other comments?
I know you have to run in a minute.
I know you talk about like trades.
I took kind of a flyer in Sophie, right?
I've been very negative on this company,
but I think with student loan repayments coming
and just how much the stock's been beating up,
I was like, yeah, you know what?
So I bought January 17th, 2025,
LEAPS $5.50 strike price.
I bought them, the premium was $1.90.
So my break even is what, $7.40.
So basically January 17th, 2025,
if SoFi's above $7.40, those will be profitable.
And sometimes that's what I like to use LEAPS for.
I'll take, I'll put much less capital into them
because they can certainly go to zero,
but it's a way to play some potential
like big upside in a stock that I think,
say I were to invest, I put $1,000 into these, right?
But say I were to invest $10,000 in SoFi,
I have no, I totally believe that stock could go
And so I'm gonna lose at one to $3,000 on it anyways.
In those types of cases where I think
the upside could be huge,
I'll very happily throw $1,000 or so into LEAPS
to then potentially benefit from leveraged upside
based on options with money that I'm totally fine,
you know, three years, two years from now,
losing that thousand bucks if that's what it comes to.
I'm gonna bring it to Omar
and then we're gonna hit Tucker and Monetive.
Yeah, so I think it's sometimes useful in markets
to remember that if everybody's saying something,
then maybe that's something you should examine
and see if it's really true.
Because a lot of times everyone comes to agree
with something that is maybe just more, you know,
And I think I remember we had a conversation
in these spaces a while back
and we were talking about Nvidia
and everyone agreed, yeah, you know, it's overvalued.
But, and, you know, I remember saying, yeah, you know,
I probably, maybe it will reduce my position.
I probably won't add more.
But I ended up keeping the position and not adding more.
And now I'm saying, well, shit, you know,
I was clearly not really realizing
what's happening with this company.
Because of course there is a fair amount of hype.
But the reality is that Nvidia,
which started as a gaming graphics card company, right?
So you want to play a video game, you buy one of their cards,
which is, you know, kind of a more trivial use case
even though gaming is a huge industry.
And they've now morphed into this company
that's making the computing chips that everybody needs, right?
Everybody needs this, all this AI hype.
Every time they say AI on the earnings call,
they can't deliver on that promise
without writing a check to Nvidia.
And so, you know, it really is a case
where there is something real here.
They have a very defensible moat.
And you look at some of these companies, you know,
Google, they are now doing 90% of their learning on TPUs.
But companies like Tesla and Facebook and others,
although they've wanted to get off Nvidia,
it's proven harder than anticipated
because CUDA is just so dominant.
And, you know, there are other chips
that can run these type of workloads,
but the software is just terrible.
And what Nvidia is doing now with their business is
they're moving into more software and services
that are building on top of their hardware.
They're doing things like training
their own open foundation models.
So models like large language models
and image generation models
that you're seeing so many companies,
whether it's OpenAI or Microsoft or Google
Nvidia is actually gonna train their own.
And they've got a structural advantage
compared to somebody like Microsoft or OpenAI
because they can get the chips at cost, right?
So it really is just kind of an incredible situation.
And, you know, this could change, of course.
Markets can change, especially in technology.
especially when there's this much excitement.
So you do have to be wary,
I'm glad that I didn't sell my position
when we talked about it being overvalued last time.
And in hindsight, you know,
obviously hindsight's 2020,
I wish I'd actually increased the position.
I'm kind of slapping myself now like,
yeah, this was actually kind of obvious
that they would do really well.
Maybe I should have seen it earlier.
Maybe, maybe, all in hindsight.
All right, let's go ahead and bring in,
No, I was just gonna say that's some really good sentiment.
And we've been talking with Omar.
You've been bringing up these AI models
and Dolly and everything for so long.
And that's why I like talking to you about it now
when we're kind of all in the hype.
So yeah, it's really interesting.
And one thing just really quickly and more empirically
than anything else that I've saw this week
was that it was Adobe's Photoshopping software
and how they were using AI to change that.
And that was one of the most impressive things
I don't know if anyone else saw that video,
just like they're highlighting around
and saying like, they wanna add some different stuff.
make it a plate and then add steak on it or something.
That was one of the craziest things I've seen.
So yeah, well, that's a little more empirical than anything.
Also, one thing that I've sort of realized
is the market is always a little bit more
especially if you're like a really disciplined investor
who's really running the numbers.
If you're one of the top tier of rational investor,
I found that the market often runs
always a little bit higher,
a little bit lower than you expect
because the average market participant
is maybe just a little bit more caught up in that momentum
than what sort of a fair analysis might show.
All right, Tucker, let's get you into the conversation here.
If you have some thoughts on either,
you could talk to the general market
or it's any of this AI stuff that we've been hitting on.
Yeah, definitely, and thanks for having me up, Wolf.
Yeah, a few thoughts on AI.
It's tough because if, like for myself,
I have not been long AI this year,
so it's very hard to justify getting either spot
or derivatives long AI up here.
Just as a trader, it's tough to justify
from a risk-reward standpoint, obviously,
but yeah, I mean, I've obviously just been in awe of NVIDIA,
and I was looking at a few others,
just some big names, like TSM and AMD,
and just looking at TSM and kind of geopolitical
Like, I think it's kind of setting up
a similar structure in video data
where you could kind of see,
like an inverse head and shoulders on TSM,
and if you're looking for beta on AI
or something that hasn't really done what NVIDIA's done,
I think there are some names that you could probably play
even up here that offer some more upside,
but yeah, I mean, I haven't been long,
so I'm really not willing to jump in up here,
but I'm also not willing to step in front of it
because it's been a freight train,
and that is probably the flip side
of the best trade of all year,
which has been AI, which is shorting AI,
which is, obviously, if you've done that,
you've gotten blown out of this year,
but yeah, so personally, I'm not willing
to step in front of it or get long.
It's kind of a no-touch for me up here,
but beyond that, yeah, I'm just,
I'm sitting here with the S&P chart pulled up,
I'm more of a technical trader as well.
We did just fill a gap from back in August at 42.20,
and we've kind of lost it now,
so for me to remain short-term bullish,
I'm gonna need to see us kind of reclaim
and start moving up above that,
but I think if you can get the S&P above 42.20 again
from here, I think you can easily target the August high
but yeah, just to touch on something
that I believe Blake said in regards
to the liquidity headwinds we're about to see,
I think that's something very real and worth monitoring
because they are gonna have to refill the TGA
and net liquidity is something I've tracked for a long time,
and just that combined with some of the moves we're seeing
in like XLK and QQQ and all the AI names,
like it's looking a little blow-off toppy,
in my opinion, my super professional opinion, right?
Like it's looking a little overextended here.
We're seeing the divergence between tech and S&P
and Dow and small caps, right?
And we are about to get some liquidity headwinds going
into CPI, so it's in a bit of a precarious spot.
If I were to look too short something,
it definitely wouldn't be tech,
but it would probably be something more like the Dow
or the S&P, and this is the other thing I was thinking,
was with IWM, with small caps,
if we are gonna see a rotation out of tech,
I think small caps stand to benefit the most,
absolutely, like without a doubt.
The structure on price looks pretty decent also.
So I mean, I'm thinking post liquidity headwinds
over the next couple of weeks.
If we are gonna get another CPI pause rally
or any sort of like soft CPI rally,
which another point I have in a second,
but which we've seen to get every single month, right?
I think small caps are where you're gonna wanna be.
But that being said, I think that bears,
if you're bearish, if you're long-term bearish,
which I mean, at this point I am
just from some of the leading indicators,
I think we are gonna get a recession at some point.
Bears need Powell out of the way.
Bears need a pause, which seems backwards to say, right?
Because risk should rally on a pause.
But the problem is the market rallies every month
Every month they bid a pause,
and it's been that way all year,
and it's probably gonna continue to be that way.
So honestly, bears and bulls should want the same thing
out of Powell, in my opinion,
which is an inevitable pause.
Obviously, I don't think we get it at this meeting
it was like a 25% chance of a hike.
And now, like he said, we're sitting at around 70.
So yeah, those are kind of my thoughts on CPI,
I think we are gonna get a pretty soft print.
I think we're gonna see something like 4.1, 4.2
like something Max touched on is the yield curve.
And the one I like to look at is the three-month 10-year
because it does forecast growth pretty well
rather than the two-year 10-year.
And that one, yeah, is also as inverted as it's ever been.
So that one kind of leads the two-year 10-year.
So that kind of forces my hand to be long-term bearish,
I think we'll probably see some chop downside
through these liquidity headwinds
and then most likely see another pause rally
or another soft CPI rally per se.
But yeah, that's what I'm thinking, loving the discussion.
And I'll kick it back to you.
Tuggery made a lot of good points.
There's probably too many for me to remember and comment on,
but one thing that sort of caught my attention
just through a variety of lenses that you were speaking
is if the S&P, which everyone is always glued to,
at least at the index level, on where markets are going,
if we are to challenge those August highs
and hopefully either consolidate from there,
at least not have a major give back,
but I mean, if we are talking about a new bull market
that emerged back in October, you could even argue June,
just depending on which technical measures you're looking at.
You really need to start thinking about
how and in which way does the market
continue this sort of albeit somewhat weak momentum
we've had from the October lows.
By many measures, people have been commenting
how you'd like to see a little bit more strength.
Obviously, we know this is,
I mean, for 30 minutes now, we've been talking about AI.
You could then talk a little bit more
about semiconductors, which are just breaking out
to new all-time highs against the spy.
It's just a very narrow market in certain regards.
how does that next leg higher go?
You just have to see areas expand out
because in my mind, the downside from here
can get pretty ugly quickly.
And I look at and point at two different things,
something JC and the All-Star charts guys
have been really discussing ad nauseam
for the better part of six or more months.
If the laggards aren't catching up to the leaders,
you have two very important parts of the market
that are sitting at somewhat key levels
that if you were to break down,
it could be very challenging for the market.
So I'm looking at like XLF.
If you look at a very long-term chart of XLF,
you'll see that this is like a really, really key
general area that they are.
This has been tested as support and resistance
on both sides for many, many times.
The other you'd look at would be IWM and small caps,
which got really, really hurt
during a lot of the regional banking stuff
because those names are in it,
especially if you're looking at a recession
that the Fed is engineering,
small caps could have a challenging environment in those.
But that, again, is another long-term chart
that is sitting at some pretty critical levels.
So if the S&P in my mind is to make,
continue this rally and perhaps break above
those August ties from last year,
you're gonna have to see some rotation
I'd be definitely keeping an eye on financials,
on small caps, because if the S&P is to give back
from here, unless there's a rotation
into some of those other areas that have really lagged,
you're gonna see some major levels give out
on pretty key segments of the market.
You raised a lot of good points there,
and I just wanted to sort of comment there myself.
Really good stuff there, Blake.
Yeah, I think to that point,
I think the question is like,
we've gotten some nice moves in technology stocks
that we've all discussed,
but I think it's either the market's gonna rally
and some of those other groups are gonna catch up.
And right now we're not currently seeing that.
I mean, we just got the debt deal
and the small caps are down 0.64% today.
if those other names don't catch up
and the market sees some downside,
like where is that downside gonna come from?
Like there really has been no accumulation in small caps
or really any of these other stocks.
So I don't see a huge risk in those groups
because they really just have remained hammered.
I think the group where everyone
is currently positioned right now is technology.
And it is very, very extended
from all the key moving averages on a historical basis
if you look back in time.
So I think that's almost like
the dirty little secret of this market
that now everyone is just like capitulating
so I gotta be long AI stocks and getting along that group.
But if something bad were to happen in the market,
it's typically those crowded areas in the market
that have some room to give back.
Awesome, thanks for the rundown there, Andrew.
Manadev, wanna throw some thoughts into the conversation here?
Well, I have to apologize.
I was in India and the connection was bad
for the last three weeks.
So I could not join as many times
but I'm back stateside now.
So almost out of jet lag,
so I should be able to join from here on out.
So lots of good commentary,
nothing that I particularly have a problem with that I heard,
but some general points I wanted to make.
Thematic investing is a weird thing.
People come to group everything under the theme
and run it all up, different levels,
because the actual benefits accruing to a theme
occur at different points in the cycle.
And if you look at AI right now,
this justified run, then this hopeful run,
and then there's just wishful runs,
really keep to separate what is what
and what is likely to pull back less versus a lot more.
At one end of the spectrum,
obviously NVIDIA is getting actual revenue today, right?
There's a lot of data to support that.
They have the upgrades of their,
target revenue for next quarter,
the details from their analyst day,
all of it is very positive.
They've also locked up a lot of the excess capacity
that was available at TSM for the four,
five, and seven nanometers.
So they have the ability to churn it out,
but there's also other competitive data
that tells us that their high margin run is not done yet.
If you remember from AMD's conference call,
they don't have a product to compete with the A100s
right now, they are looking to release it
in the second half of the year,
which means it's going to go out
to a select group of customers, get tested,
get tuned, get into volume production.
And we're already talking about Q1
before it's available in large numbers.
And AMD does not have the software tool set
that Umar pointed out to,
that does not, there's nothing out there
that competes with NVIDIA.
So at least for the next six months or so,
NVIDIA is going to get the margin
whatever they write their own ticket on this,
And that is going to continue to surprise on the upside.
I do not have a direct position in NVIDIA.
I have a large holding in SOXL
that I'm actually selling as we speak.
So I'm not chasing this trend,
but I'm just saying NVIDIA anchoring this AI run,
a lot of it is justified.
Is it, is the multiple justified?
I think it's stupidly high
and I think it has to come down.
But you have to look at the others that ran
that don't even have any revenue accruing today.
And it's really a hope that that comes down in the future.
It could be anywhere from Microsoft running $700 billion
Are they going to have the revenue
to justify a $700 billion market cap addition?
But what time period are we talking about?
I don't think they're going to get
a huge amount of revenue this year.
And I think they're going to continue to disappoint.
the question is which part of the AI team
And I would say that the ones
that are not going to show any revenue now
but could have potential down the road
are the ones that most at risk,
even if their run is not anywhere close
And then there's the tail end of this,
because they have AI in their name, right?
C3.AI is not an AI company.
It's a machine learning company.
They have nothing to do with AI.
it should go down to whatever the heck it's worth and less.
So if you take a look at the spectrum of risk,
I think as much as NVIDIA has run up,
it could do better relative terms
than some of the ones that don't have revenue
accruing right now or in the next immediate future.
So that's my thought on AI.
As far as, sorry, as far as
look, here consumption economy,
we are at 3.5% unemployment rate,
give or take a 5-10 basis points.
I think the recession is gonna come later
It is coming, I do not doubt that for a second
but people are expecting an imminent recession
are going to be sorely disappointed
because it's gonna take time.
People have a job they can continue to buy and consume
even if that basket of what they consume
continues to narrow down.
And I think that's happening.
I think expecting a trade based on an upcoming recession,
you have to really time it out and decide,
where is the real risk of the recession indicators
show real recession versus, you know,
flashing a greater, you know, risk of this time.
So anyway, those are my thoughts.
I'll stay on, we can discuss any of that.
All right, Max, I see a hand up from you.
Yeah, there's a lot of really great points
being thrown around and I wanna keep this brief
because you guys have said a lot
that actually I wanted to talk about
but this AI theme that we see or we are beginning to see
where every company is trying to hop on board
and they're trying to come up with their own solution
or product to match or pair or sort of be a barnacle
It's very overblown, in my opinion.
And somebody mentioned the multiple
that NVIDIA is trading at.
I believe it's like a 200 PE right now.
But just because it's absolutely ridiculous, in my opinion,
and as a value investor, I wouldn't touch it
because I don't see value there.
I would never pay a 200 multiple for NVIDIA, you know,
but that doesn't mean it can't go trade
But what this, it feels very reminiscent to me
and again, I didn't include this in the introduction
but I run a company with Tucker called Because Bitcoin.
Don't let the name turn you off.
I were fully aware of some of the stigmas attached
to the cryptocurrency industry
and we are up for the challenge.
But we're very heavily focused on digital assets
and what we're seeing with AI right now
rhymes exactly with what happened in 2020 and 2021
when we had a basket of companies.
They would release a statement
or even just a tweet for some of them
and they would say like incorporating blockchain technology
and guess what would happen the next day?
Their stock would pump 10 or 15%.
And I can tell you AI is here to stay.
AI will have a place in the future.
AI will help companies reduce their payroll expenses
because they'll be able to trim some of their key employees
I've used AI, but right now a lot of this quote unquote AI
is not actually artificial intelligence.
It's like an improved version of a search engine
and they just add a little bit of personality to it.
It's going to be AI eventually and some of it is, okay?
But a lot of it is just fluff
and it's playing into the narrative
just like what we saw during the last crypto bull market
incorporating blockchain technology, okay?
And it's not going to end well, okay?
There is going to be a major correction
with this whole AI narrative, okay?
Things will come back to reality.
NVIDIA, I guess could be trading forward a decade.
I don't know who's bidding it up here,
but it's not of good value to me.
I just think it's a very slippery slope
to FOMO into something after a move like this.
And I know we spent a lot of time talking about AI
and NVIDIA and maybe trying to play some lagers
like maybe other chip names that haven't run quite yet,
but it's just a slippery slope.
And we've seen these hype cycles before
and whether or not the technology has use case
and is applicable and solves real world issues,
I would argue that blockchain technology
but we've seen massive corrections in that space
because of these crazy hype bubbles.
So things will come back to reality,
but I would urge everybody, be cautious up here.
These are not valuations that anybody can argue are cheap,
Certainly pays to have some caution in this area
and wow, looking at the market
with what it's doing right now,
some interesting moves while we've been talking here.
Tesla been kind of selling off a little bit.
Spy been selling off a little bit.
NVIDIA kind of pulling down here.
It's pushing up through high of day
on that last five minute candle.
Palantir still up 8% today.
So this market's all over the place.
I am launching SOXL and SOXS as well.
SOXS was down 8% to pre-market.
So interesting to see that sell off
kind of across the semi area
and will that potentially come back up here?
What's gonna end up coming from it?
I think it's really interesting, but yeah.
So for those that are joining in just now,
we're just gonna do a few more minutes here.
I have more speakers coming up.
If you haven't already checked out my panel,
we've got a great panel today.
Omar's blog here, Reppin,
always supporting the Tesla community,
but always a great mind to pick with when it comes to AI.
Some great analysts across the board
with Andrew Monitive Blake.
We got the two because Bitcoin guys on as well here today.
So appreciate everybody that is on this panel
making it possible, having a good time with us.
Hopefully you are learning.
I find it super helpful just hearing different opinions
and it's easy to invest off hype, right?
You can look at the timeline and see one thing
and just scroll and everyone's in the same direction,
but having people that have really spent some time
digging into the fundamentals
and actually talking about valuation, right?
Sometimes we get caught up when things get too sold off
and we're looking at them saying,
it's a completely broken chart
and hey, it might be a broken chart,
but at some point there's often a good place to enter
and you're never gonna nail the bottom or the top.
I mean, although a lot of my audience
apparently nails the top often
based on the comments that we do see.
But with that being said,
it's definitely helpful to at least understand valuation,
timing, looking at the notch, your trace minutes,
whatever's gonna work for you having a system in place.
Ooh, little pullback there on C3AI
just as I was talking about it, rushed the pullback.
Chat's still holding as well up about 1.6% today.
Kind of been selling off since the morning,
but still holding pretty nicely.
All right, Omar, let me pull it back to you one more time
because there's been a lot of interesting pieces
discussed here with the AI stuff with other pieces.
I guess my main thing for you is it does sound like
in comparison to other potential bubbles,
you're more confident in this one still being
maybe more of like a baby bubble
and that it has room to run and more legs stand on
than crypto, blockchain and other pieces, right?
So that was to you, Omar,
but I'm not certain if you can still speak right now
because typically you're on mute right away,
Then let me actually just drop that question
right back to Andrew real quick.
Andrew, just to get your thoughts,
does this feel like one that has more legs on it
than some of the other ones that we've seen?
Yeah, I think it certainly does.
the only hard evidence that we have in hand
is that Nvidia earnings report.
And Nvidia is really the pick and shovels play with AI.
So I find that very interesting
that right now it's almost like a gold rush.
everyone's hearing all of these things about like,
and like they're already finding ways to optimize.
So everyone is kind of like in this frenzy,
like, oh my gosh, I don't want to get left behind.
And lo and behold that videos,
the pick and shovels play for this.
So it really remains to be seen,
you know, those productivity gains,
who's going to pick up market share.
And I think the way that the market
is really interpreting this
is all of the biggest technology companies in the world
are gonna accrue the most benefit from AI.
that these things are being priced.
But there's really so many different directions
So like, I think right now
we're still in that hype cycle portion of the rally.
And it's really a great learning lesson for me
because I didn't really participate as much
in this semiconductors run as I would have liked to.
I think if you want to make the most money
this actually was the most investable piece
because right now everyone knows the technology is out there,
but you can't quantify any of the benefits.
So the valuations really don't matter
because you can't really argue them
because you don't really know.
Maybe these companies are gonna have a massive benefit.
But I think we all know like once the reality sets in,
there's gonna be some big winners.
There's gonna be some big losers as well.
So I think it's just important to know
and know why you're investing in it.
Like, is it really just like a price action trade?
Because if that's the case, then do your thing.
I think there will probably be a lot of investors
that they really buy into the story of AI
and they end up doing it at the exact wrong time.
So I think it's just important
to be cognizant of what you're doing.
Okay, Andrew, you took us right into the 2 p.m. EST mark.
So my next place is gonna start in a second.
Let's make sure that the mic is working.
Sounds like it is over there.
STEM Tech COO, we got you.
So I'm just gonna do a little transition for a second here.
I wanna give a big thank you to the last panelists.
Thank you, Max, Tucker, Monitive, Andrew, Blake,
and Omar's as well for coasting a lot of this past space.
We talked about generative AI.
We talked about investing in Tesla.
We talked about our evaluations too high.
I am gonna be rolling into my next space.
It is a completely different topic.
We are not gonna be talking about,
well, maybe we'll talk a little bit of AI.
We'll see if we work that in here,
but it'll be a whole different topic from this last space.
So thank you to my last speakers.
I do wish you the best with the rest of your days
I hope you did enjoy the Tesla space
as well as everything happening there.
We've got one more coming up here,
and then I'm gonna have a power hour
that's gonna be on the Stocks on Spaces accounts
With that being said, we're gonna go ahead
and we're gonna transition into the next space.
they were starting to do the research on stem cells
and they were starting to see
how they could help humans really heal,
survive a lot of different things along those lines.
And so we are starting today with the company is Stemtech.
I believe that the ticker,
if you wanna look it up is STK.
We'll get some stuff pinned to the top of the space
They're going down some of these areas
They're kind of in the middle lane
when it comes to the medical side
versus the homeopathic side.
I think it's some interesting things that they're working on.
We already did one conversation with them
where we talked with the company's leadership.
I mean, we had a conversation
around some things that they're doing.
We're doing kind of like a follow-up space here
where we're going to just go a little bit more in depth.
And we're just gonna talk about building out this area.
We got some fun questions for Dale,
but first I'm gonna turn it over to the Stemtech CEO
that we have with us today.
And I'm going to give you the floor
to please introduce yourself, your background,
a little bit about what you do
and then we'll take it from you.
Well, thank you very much.
I'm the president and COO of Stemtech.
I have been with the company since 2005.
And we have been in business
and done a lot of wonderful things
to help a lot of people with their natural
as well as growing the business side of the opportunity
because Stemtech from the beginning
has been a network marketing company
and we've employed both the greatness
of our all-natural plant-based products,
which we're now calling StemSuitables,
which is a combination of stem cells and nutraceuticals.
And because that's the niche space that we're in,
as well as doing the business opportunity
where people have a chance to either consume a product
and can make commissions on it
or actually do it as a business
as little or as much as they want to earn an extra income.
And today, especially in our economic times,
everybody's looking to make some extra money.
And we're doing this and have been doing this
and currently we're in the US,
Mexico, Ecuador, Canada, Taiwan, and Malaysia.
And so we're a global enterprise
and it's just been a great opportunity.
I just returned from a business academy
for our leadership that was held in Aguas Calientes, Mexico.
And it was just a very motivating
and exciting opportunity to talk about
how we can make changes to improve lives
and how we can advance the business opportunities
for people all around the world.
Because network marketing is an opportunity
where people can share in the countries
that we're doing business with.
And our systems are set up to provide the opportunity
as well as all of our stem cell related products
are registered with the health departments in those countries.
So we're very much upfront
and are doing things the right way.
We have some exciting news about recent development
since our last call that is really going to be explosive.
But the separate from that,
the stem cell market, in particular stem cell therapy,
which is the medical procedure of the extraction
of your own adult stem cells or umbilical cells
and re-injecting them into your body.
That's not what we're about.
Our strict focus is on stem cell nutrition,
which is providing a product, a group of products
that essentially help you release your own body's
adult stem cells naturally to do what the body
was intended to make itself, to repair itself, rejuvenate.
And this is over a long period.
It's a life maintenance program.
And so there's really not any ethical issues
or moral issues really about taking somebody else's stem cells.
But this market is growing
and it's going to continue to take off
in stem cells in general.
For example, Tony Robbins, everybody knows
Tony Robbins wrote a book called Life Force.
And it's particularly focused on regenerative medicine
but there's a second chapter on stem cells in particular
and the power that they have.
And research and markets publication, research and marketing
is making projections that this industry
will go to $30 billion by 2030
with all the pharma and other biotech companies
who are looking in this space
because it's now being recognized as the power of stem cells.
And when StemTech first started in 2005,
it was an educational process
because people hadn't really known and understood
So as we went through the years and we made improvements,
you know, we're the pioneers in stem cell nutrition
and we're continuing to move forward
with coming with new ideas
that we can continue to foster health and wealth
for anybody that is interested in doing that.
So we have been in business for going on 18 years
and we feel that we're very well positioned
and as was mentioned, our stock seller was S-T-E-K
and we're looking to continue our growth.
And one of the things that we have recently done
is come into a really historical space
in terms of network marketing and maybe other areas as well.
We have gotten into an agreement partnership
with a company called Union Blue USA.
Union Blue is a conglomeration of the unions in the US
and we are working together
because the unions are interested
in improving the health and wellbeing
of all of their rank and file members.
with the established history that we have,
the efficacy of our products,
they felt that it would be a great partnership
to offer StemTech products
and the income earning opportunity to their membership
and for StemTech, the network marketing company
that is always interested in looking at the opportunity
This was a real hand in glove kit
between what the unions can bring in terms of the people
and what StemTech can bring in terms of the health
and financial wellness opportunity.
So this was a major announcement
and we're looking forward to rolling out this program
that can just help so many people
with their wellness and their income earning opportunity.
And this was also going to help grow StemTech
the numbers when you can imagine how many union members
there are in the United States.
The opportunity for growth is phenomenal
and we can help so many people
as well as financially advance StemTech as well.
All right, perfect rundown there off the bat from yourself.
I wanna give a couple of quick things.
First off, for those that are listening
and are like, where can we find actual information here
to research, I wanna make that easy for you.
So I did just pin it to the top of the space.
All you have to do is scroll up to the top of the space
You've got all the information in there.
If you're in here with the space with us anyways,
I recommend just scrolling up, clicking it.
That way you'll actually have the materials
in front of you that we're talking about.
Make it a little easier to understand.
Number two, I do wanna put out the disclaimer
that is also written underneath that post.
This space is a sponsored space
that in conjunction with StemTech
which is a client of great capital investing is risky.
It does often involve loss of principle.
It requires due diligence and research
in any way, shape or form that you invest.
So please do due diligence
and you can actually find a lot of that
like the perspectives basically
on the website that I've pinned to the top of the space
trying to make it very simple, straightforward,
transparent and easy for everybody
to understand exactly what we're talking about
and what this space entails.
I do know that there's a couple of things
I think it'd just be helpful off the bat
for you to explain a little bit
about the potential market size
and the growth opportunity
for your health and wellness products and services,
especially within the labor union members
do you expect a strong financial impact here for StemTech?
And if you can go through specific numbers
and David, that would be perfect.
Well, the union, we understand
that there are 28 million members in the United States
and it's kind of hard to really put
a exact estimate on this.
I mean, we have our existing network marketing operations now
adding those kinds of numbers
are going to be very significant
and the rollout process is going to be key
because obviously it will mean
a lot of good things having to happen
because if the union engages the way
that we hope and believe that they will
to benefit from the products
and the income earning opportunity,
this is not just StemTech.
This is all of our suppliers
that will have to produce more,
more manufacturing opportunity,
which is primarily in the US.
So there's going to be a real ripple effect
And more and more people are realizing
because stem cells are in the news every day
and whether it's a therapy or nutrition,
it's just going to be a real growth factor
and people are more aware every day
because they see it in the news,
they hear something in the news.
Athletes are using stem cell therapy
to improve their performance
or damage ligaments or whatever.
And so more and more people are learning
about the power of the stem cells.
So it's an order of magnitude
that we're still looking at in terms of rolling out
and what it ultimately means,
either in the beginning or at the later on periods.
I mean, this could very easily,
depending on the speed of the rollout
and the adaptation of the union members,
this could make StemTech into a significant company
in terms of tens of millions of dollars
growth over the next several years
as this program rolls out.
All right, I appreciate that down on that.
and then we could definitely take some from the panel as well.
Great panel up here today.
Appreciate all those that are tuning in,
adding bits and pieces to the mix.
I also do know that we are working to get Chuck on.
So it looks like I'm getting Chuck up right now.
I'm just going to give that two seconds
to get Chuck the chance to connect.
Chuck, can you hear us loud and clear up here?
And also whenever you're not talking, John,
there's a little bit of an echo through your mic.
So you'll just want to mute whenever you're not talking
and then unmute whenever you want to go talk.
yeah, it does look like we do have Chuck
So Chuck, if you want to unmute
and give a brief introduction of yourself,
that'll be great as well.
You can just tap that unmute button in the bottom left.
Yes, I'm the CEO and chairman of StemTech.
I've been an investor and a publisher
When I found StemTech and took a position in the company,
And over the last few years, I'm even more excited.
We have a product that everyone should be taking.
Everyone should be using StemTech
because it goes into your body
and naturally allows your own stem cells to heal your body
and keep it from aging as much
as the normal aging process does.
it gives everyone an opportunity to have an investment
in a company that we feel is going to grow with the time.
The growth market right now for stem cell products
and services is gonna grow approximately 20 to 25% a year.
Between now and 2030, and as John's been saying,
we are the leaders and the initial developers
This way, a natural way can be had
where the average person can take our products every day
and have their own stem cells healing their body
as they go through their normal process.
We're a very low price stock right now.
We feel that it's a great entry opportunity
for anyone looking at growth stocks today.
The company has been selling their product out there
And we think it's a great opportunity and timely.
Any questions that we have for John or myself,
we stand very ready and excited to answer for investors
or people that wanna just use the product.
You know, the thing that people always continuously
throw at me is just where they can get data
I don't know if there's exactly which government pieces
but really where they can dive into those areas.
And if you're doing more medical studies,
if that's an area where you're really focused on.
Well, that's a good point.
On our website, if you go to our website,
semtech.com, and you go under patents,
we own the patent that literally says
that your stem cells are removed from your bone marrow
and circulate through your body.
We actually have the patent on that.
And that's in black and white.
The data that we have is for 18 years of people using it.
And eventually, our interest is to take clinical trials
to take this to either a pharmaceutical version
But right now, we're a nutraceutical.
It's an over-the-counter product.
It's sold through direct sales.
But the data that we have, if you look at our website,
So listed there in the information on them
and any other information that someone wants,
our staff is readily available to give it to you
or put you in touch with someone close to you
that can give you even more data on STEM Tech.
But it's truly allowing the miracle of your stem cells
to be released from your bone marrow
and go through your body.
And the reason we took it public
is because we feel that the same people
that will use our products will be the ones
that will wanna own some of this company themselves.
So for those that are hopping in to that website,
and again, I just have that pinned to the top of the space
what should they be looking through there?
Because there's a bunch of tabs
and you can walk me through.
There's an investor page, right?
Maybe you could just kinda walk us through some of these.
Sure, well, the one I think that you wanted was the data.
And the data, if you go to any of the products,
and they give all the materials that are on there
and the deep understanding of the nutraceutical components
that we have in our product.
But if they wanna know what we have on the clinical side,
if they go to our patents
and they can look in our patents
and see actually what we own the patents to.
And one of the main patents is the one that talks about
us being able to remove your STEM cells from your bone marrow
and circulate through your body.
Now, the question really comes in is,
what's a STEM cell going to do
when it goes through your body?
And that just depends on your body
When they leave your bone marrow, they're a master cell.
But when they go through your body,
they become a liver cell or a kidney cell
or any kind of cell where your body needs it.
And the product circulates for inflammation.
So anywhere in your body that it needs it,
and become part of the miracle of healing.
So we can't really tell you
what a STEM cell is going to do,
but we can say that the impact on the body is phenomenal
when it comes to health, wellness and anti-aging.
Maybe you're probably the expert on this.
How did STEM cells even become
kind of widespread in the medical world?
What's been the progression of that?
Where's it kind of come to?
And where do you see it going essentially?
John, do you want to answer that or do you want me to?
Well, if I may, STEM tech is not, again, medical.
It's all nutritional and plant-based.
And it was discovered that the product
has the ability to help facilitate
the natural release of adult STEM cells from your bone marrow.
In the beginning, every day as we age,
the number of circulating STEM cells decreases.
And that almost defines aging
because the body's natural rejuvenation process flows down.
It's inhibited because the adult STEM cells aren't released.
Our products are not STEM cells,
but when you take them, it's like two sides of Velcro.
You got your bone marrow and you got your adult STEM cells.
And when you take our product, it facilitates the release
so that the more STEM cells you have circulating
in your body, the better and more healthy you are.
In effect, in your body, let's say you have a liver
that's challenged or a kidney or whatever,
the adult STEM cell is the master cell
and it will traverse through your bloodstream
and migrate into that area that's signaling for help.
And then the adult STEM cell actually becomes a heart cell,
tissue cell, whatever it is,
and effectively repairs that particular element.
And the more you have circulating adult STEM cells through your system,
the more you repair it as you're doing.
Our product has also been used very effectively with athletes,
for example, and when you go to the gym and work out,
you have, you're stretching your muscles,
you're tearing your muscles,
and with the repair process,
you actually have faster recovery.
And so you can do more cell-toler buildings,
et cetera, by keeping your body in rhythm.
So it has a very beneficial effect.
And this is, again, STEM cell nutrition.
There is more shift to the medical side
with people discovering and writing all sorts of research and papers.
There was a Nobel Prize awarded for STEM cell research
about six or seven years ago from memory.
So it's been more and more that scientists are realizing
the power of the STEM cell,
and there is a potential for much more pharma to be involved as well.
So, again, it's very powerful.
The reason I asked John to answer that is because
John's been with the company 18 years.
Four years ago, when my group came and we bought the company,
I became a user of the product.
So I'm kind of like that commercial.
I like the product so much, we bought the company.
But I've been using it for four years.
It's a big impact on my health life.
And anyone that takes the product, it has a big impact on them.
But also as a direct sales company,
now people can make money at this product.
You know, today with the prices and the way things are,
everyone's looking for an alternative to make additional revenue.
When you're using STEM tech
and you're telling your friends about STEM tech,
every time someone takes on this product, you're getting paid.
So it's got the double whammy of revenue to the person
that's selling the product,
as well as the health benefits of taking the product.
One of the other things about, you know,
we talked about the release, circulate,
and migrate products, RCL system,
the Nutraceutical, Stemaceutical.
But we also have just recently introduced
a brand new proprietary blend
with an FDA approved ingredient in it
for our skincare line, which we call Select.
A little play on words there.
But this is a proprietary brand for STEM tech.
It's the best stuff on the planet.
We just introduced it in December
at our Cancun leadership event in Mexico last year.
And we started actually shipping it in January this year
into the U.S. and Mexico.
We're registering it in a couple of other countries rather.
But this is a great product
because the genesis of this started
actually in diabetic wounds or healing.
Now, that's not what our product is.
It's not medical or anything,
but the idea was developed.
And now Select One is a great, great product.
They're the testimonials that we are getting from it.
We want to continue to market this
and then be a planned line extension
with other products in the Select One brand by StemTech.
So this is another area that we've branched out into,
but it's still Stemcell related.
And we also have a product called Orestem,
which is an all-natural plant-based toothpaste.
You expect to have tooth whitening.
It is a breast freshener.
And primarily what we look at it for also is good gum health.
And without good gum health,
then your teeth don't really have a chance.
So keeping your mouth clear and clean and freshened
and good health is really important.
So all of these products around the Stemcell
are a unique area that we are in.
Okay, so getting a couple questions
from the audience one more time.
If you do need information on this space,
if you're kind of curious what we're talking about,
I did pin a tweet to the top.
If you can't find it there, just go to my replies
and you'll see it replied to the space.
A reminder, this is a sponsored space
that we're doing with a client that's great capital.
And that is Stemcell Tech, they're a publicly traded company.
We do all know that investing is risky.
I recommend doing your research
through the link at the top of the space.
You can also search for the company
and there's a number of articles and other pieces
that you can go through as well on there.
Please don't buy yourself something
because you heard about it on a Twitter space.
This is more to get in front of people
and have people who have an opportunity
to hear from the leadership
and do their research as well.
With that being said, let's go over to Stacky,
Hey everybody, I just want to say hi, you guys.
As an aging woman, someone who constantly shopping
for beauty products and looking for ways to stay youthful,
with all these things such as lipo,
beauty creams and Botox and all of these things
Do you feel like Stemcells is the better answer?
I apologize, I got a phone call, people love me.
But yeah, do you feel like the Stemcells
are a better answer to the fountain of youth
than these injections and all these other things?
Well, I'll thank you for asking that question
and my response to that is, well,
personally, I don't like getting stuck by a needle.
And so if you're doing some of that,
And it's a combination of our chemical products
which help your body internally.
And then with the skincare cream,
it's an external, so it's a topical application.
It's not oily when you put it on.
And because it has this FDA-approved ingredient,
QXT, red oak bark, it basically helps the system
because your body, when you cut yourself
or something like that, the body naturally tends
to keep all stuff out so that it's not damaged.
But the body doesn't know to distinguish
between a good thing and a bad thing.
Well, this FDA-approved product helps calm down
that defensive mechanism called matrix metalloproteinase
or MMDs so that the Stemcells can actually have a chance
to penetrate into the skin and absorb.
And this is a deep penetration of like five layers of skin.
And as we have been seeing people again,
I just saw folks for the first time in Mexico last week,
and they've been using the product as well as here
in the US, and they look radiant.
There's no Botox, so there's no injection or invasiveness.
And with the combination of the nutraceutical product,
it's inner and outer health and wellness,
and then use the toothpaste on top of that.
Now, we don't promote any of our products as a weight loss,
and we can certainly exercise and drink plenty of fluids
and eat the right diet that goes along with anything.
But in short answer, I think we would recommend
using our products, and it helps wrinkles, lines go away,
and seeing the befores and afters
is going to be a great testimonial for us.
So when is this going to be readily available
for everybody to just say, hey, I'm going to go to this store
and be able to pick it up?
It won't, because we're a network marketing company,
and we do our distribution.
Like other network marketing companies,
you can either be a VIP customer, and we'll ship it to you.
We can put you on auto shipment every month,
or you can acquire it from one of our
independent business partners, otherwise known as distributors,
and they would be happy to take care of you,
but we do not sell in retail at all.
Our business is like an Herbalife or an Amway.
Herbalife's a several billion dollar company,
and one day StemTech hopes to be one
because we have such a vast amount of opportunity
for the average consumer with their health,
with stem cells, which we believe is the fountain of youth,
or the miracle of the body healing itself,
as well as being able to do this as a business.
So you can order their products from us
or we'll put you in touch with someone
that can give you all the information about our products,
and we ship the product out direct for our distributors,
and we have distributors all over,
so we can get you the product whenever you need it.
Thank you, I appreciate it.
Great questions there, Stackey.
All right, I wanna pull another question
I'm getting from the audience.
It looks like part of what you guys do,
and you mentioned it beforehand,
is this team builder pack with the bonus payouts,
basically some more of the network-style marketing.
I think some people like that,
because they can make money.
It rubs some people the wrong way.
I don't think people always see it with public companies.
What made you decide to go down that route?
Well, we have been private
and while we were private,
we were recognized by Ink 5000 Magazine
four times for being one of the fastest-growing companies
and the decision to go public
was the facility to allow us to have more capital
to grow the business and get more investments
so that we continue to expand the opportunity,
and that was really the driver.
Some of the most successful companies out there
in the direct sales space are like Nu Skin,
Prepaid Legal, Herbalife.
All of these companies have taken advantage of
being public, and the people that use their products
buy the stock, and the stockholders eventually find out
about their products and buy them.
We feel that that model will work well for STEM tech,
especially with the growth of the STEM cell market today
and the 18 years of efficacy we have
with our STEM cell nutrition products
and the way people feel today about plant-based products,
all-natural products that can help their body heal itself.
Yeah, let's talk through some of the financials here.
One of the things I noticed in the financials
was that the SG&A, as well as,
well, I guess that's most of what's going into
those total operating expenses, has really ramped up.
You know, it kind of took that decrease in December,
in 2020, probably throughout the COVID area,
and then it's gone up millions of dollars,
it looks like, each year since.
I'm kind of curious what's going into
that SG&A, why it's ramping up.
If you could kind of walk through some of the financials
and you could hit on revenue, too, there.
Yeah, we were more or less dormant
from about 2017 till about 2022.
So the capital that we have spent has gone into a new app
where someone that's interested in the business
can run their whole business from their phone.
I mean, you know, a lot of people
want to own their own business,
but they don't understand the magnitude
of either having a retail store
or another type of business.
Our business, you can run 100% on your phone.
Tells you how much you're making,
who you're going to, who's opening your materials.
Well, we produced that product ourselves.
The second thing we did, as John said,
is we developed our new skincare product called Select One,
and we plan to add other ones to it.
But lots of money was spent bringing these products out.
And then we've been hiring other people
to help us build the business.
We just hired one of the top guys
that helped develop Herbalife
into a several million dollar company.
Now that we've capitalized on all that,
we're ready to grow and expand in 23, 24, and 25
to become what we consider a large company.
The new contract that we just signed with the unions
could be very impactful for us.
But it took us six months to work out the details
and all the fine print on that agreement.
We just signed it recently.
So a lot of these new and exciting things
are happening with StemTech,
and we feel that the capital that we've laid out
are gonna really be good for the company.
I myself have been working with the company for four years,
and I have taken strictly stock, no cash at all.
My belief is that one day
this is going to be a very, very lucrative company.
So what, go for it, John.
I just wanted to circle back on your comment
that Chuck just made about the mobile app.
We partnered with Verb Technology.
It was not an in-house created technology,
and Verb has done very well in supporting us.
And our people that are using it love it
because of such that everything is right in your hand
We just did an enhancement
so people can see all of their income, place orders, et cetera.
But it's also allowing us to be smarter
about how our independent business partners
are able to do their business
because I remember at the top when we started
there was a discussion, a mention of AI.
So yes, it has some AI in it.
So if I'm a distributor and I wanna say,
hey, Chuck, would you be interested
in spending two minutes looking at a video
on a business opportunity if I shared it with you?
So I sent it to Chuck the video
which was created by the company.
So we have control over the content
of what we're sending out.
So we're compliant with all regulations
There's an organization called TINA,
Truth in Network Marketing Advertising.
So we're trying to be compliant with everything.
We don't have any complaints.
So if I send this video out to Chuck,
I can see when Chuck opened it.
If he watched it all the way through,
if he stopped, if he watched it more than once.
And if you look at the application of this AI,
it allows us to focus on the person that opened it
or looked at it more than once
versus somebody that just never did.
So you can spend your time working
on developing the relationship
and recruiting the person who's spending more time
on developing the business and the product use.
So we're technology savvy.
We're working on upgrading our website
and our back office, which is a replicated back office
that all of our distributors need to use.
We don't allow independent creation of websites
because we can't lose control over the content.
So we're continuing to make more improvements in this way.
So AI, and we're even looking at the idea
of bot technology and the future as well.
So that's a discussion point in totally at the moment.
Real quick question on that before I go to Lucas.
So you mentioned that there was a separate app.
Is that owned by this company?
Where does it fit into this?
It sounds like that was a different business model, right?
With supporting entrepreneurs.
It is developed by a company called Verb Technology
out of Utah and their business is mobile apps.
And we have integrated their mobile app
So they talk to one another
and we use their subject matter expertise
Ours is in developing and distributing products.
It's that we're licensing it from Verb.
It runs your business and brings everything up to high tech.
We've only had it out for a little while
but it seems to be really helping the distributors out there
and it's gonna open up an exciting new market for us.
Hey, I got a couple of questions.
One is, you guys, I'm assuming you guys are doing
the supplement route so you don't have to go
through the FDA approval right now, right?
It's all supplements were regulated
under the dietary supplemental health and education act
we have not had any issues with our products.
And so we're back to the supplement category.
By the way, on that comment there,
we've had the product out for 18 years.
and after selling about $600 million in sales,
we've had less than a half a percent return in 18 years.
So it's pretty much correct.
Yeah, that's interesting for sure.
Question, you guys have products like literally
even toothpaste and things like that, right?
So if you brush your teeth with like stem cell toothpaste,
it's supposed to like help, you know,
basically rejuvenate your gums
and have like help in the assistant
of like not having tooth loss or, you know,
tooth decay, things like that.
Like, how does that, I don't understand
like rubbing stem cells or something like that.
Are you saying like the way this product works is
you're kind of like forcing the body
to like start producing stem cells in that area.
Like kind of like an antibiotic in a way
where it's like the antibiotic stimulates the immune system
to like to recognize pathogens in the blood
or in your body somewhere where there's an infection
And in this case, how does that work with like toothpaste
and like if you take a pill,
is that supposed to like basically make the stem cells
like activate with, as it gets digested or something?
Well, the, yes, there are ingredients, for example,
in the Oreste, Pukoridin,
it's the end area of Pinatotida,
which helps support, you know,
oral health and the dental stem cell function.
Again, it's not introducing stem cells,
it's helping with their naturally
I mean, there's a list of,
we have tea tree oil, for example,
it's an anti-microbial ingredient
and vitamin C and green tree extract,
frankens teeth and gums and fighting, you know, bad breath.
We have quercetin, which is a powerful antioxidant
that naturally supports the healing effects
in the gums and in the mouth.
And you post that all of this is on our website
under the product, under the product fact sheet,
So I mean, the ingredients are customized
for this particular function,
and in this case, for your mouth.
Here's a good way for a perspective, if I may.
You know, when you were younger and you cut yourself,
all of a sudden your body healed right away.
the less your body releases your own stem cells
into the market, into your body.
That's why a lot of people have gone out
and you go and get stem cell shots.
You're shooting stem cells into a certain area.
That's a little different than this product though.
Like you guys are talking about,
this is like, this is stem cell therapy.
This is stem cell stimulation.
it's a lot different than stem cell therapy.
So what happens is to go on,
our product goes into your body,
it goes into your bone marrow,
and it pulls your own stem cells out
and sends them through your body.
That's really what the product does.
It doesn't add stem cells.
that your body has already gotten in your body
and removes them from the bone marrow
and circulates them through your body.
So you're actually putting millions and millions
of your own stem cells to work
that wouldn't be there without stem tech.
Right, and that's if that's,
do you have studies that proves that this actually work?
Oh yeah, in fact, if you go to our website,
we actually have the patents and documents in there
And the product's been out for 18 years.
When you talk to a lot of the people
that are taking their products,
it amazes me on the kind of results they get
for some of the craziest problems
that they've got in their body.
Yeah, I think people will misunderstand
what you guys are saying,
unless you're very clear about like what,
because you're basically saying,
we use stem cells and at the end of the day,
you're stimulating people's stem cells
And I mean, you guys do have studies,
but again, it's not approved by the FDA to like,
to treat anything but cancer right now.
So I just wanna make sure that people know
so that doesn't mean it's not,
I just wanna make sure people know
that this is like an FDA,
not FDA approved treatment kind of thing.
That's why it's a supplement,
that's why it's labeled under supplements.
It's a way of getting around the FDA approval
that's needed for a treatment like this
to go through supplement route.
And a lot of companies have done that
to get around the FDA approval.
they actually never end up getting FDA approval
because there's no scientific facts
that actually say it works.
And sometimes it's even toxic.
So I just wanna make sure that everybody knows
that there is really no proven,
it's not really proven that this stuff works.
So I'm not saying it doesn't,
I'm just saying there's no evidence
that actually proves for real that it actually works.
And if you get FDA approval,
that's the ultimate golden seal of approval.
All of our products are made in FDA GMPC facilities.
And we can prove that our product creates your bone marrow
to release your own stem cells into your body.
Now, what the stem cell will do in your body
We can't document that other than from the people
that tell us what happens to them.
Our product is designed for one reason,
as a nutrition to have your own stem cells
And that tends to give anti-aging,
it tends to help the body cure itself.
But we're not putting new stem cells into your body,
to get your own stem cells circulating in your body.
I go as well as to reflect that in the title of the space
as well as the direct link to the website,
which does state that as well.
Yeah, I just wanna make sure that it's super clear
because if you just keep repeating the word stem cell
over and over again, people actually think stem cell therapy.
Like it goes into your blood,
you get an injection, things like that.
And like that therapy is proven to work.
This one doesn't have that.
I think we've been also pretty explicit though
that it's not an injection,
it's nothing going into your blood.
We've listed out the products as well.
They're all listed on the website as well, which is up top.
So I appreciate what you're going into Lucas,
but I definitely think as well,
we have enunciated on what the product is
and what it isn't as well.
And if you think about it,
if you consider somebody else's stem cells
versus being able to reactivate your own stem cells,
because when you hit about 35, 40,
your body hardly is producing any stem cells at all.
I'm 72, I've been taking the product for four years
and I challenge anybody to look at the stem cells
in my body versus anybody else
that doesn't take our product.
It's only stem cell nutrition.
It does for you like a vitamin C,
a vitamin D, a vitamin E,
but it's concentrating on your stem cells.
It's stem cell nutrition.
I actually got an interesting question from the audience
while we were talking here and having this conversation.
And I think this would be some good clarification.
So a woman named Jody said that she has a question.
She said that her son, when he was born,
that she has his stem cells
or something with like birth,
she's basically asking if that's completely different
than this, which I think it is again,
it's all about your own stem cells, right?
The, you know, taking umbilical stem cells,
some birth, some fill and placenta,
that's entirely different.
That is either the therapy,
but this is not the space that we are in.
Ours is all natural plant-based nutrition.
And we definitely want to make that extremely clear
to everyone in the audience.
And again, it's important to your due diligence, right?
And that's why we have that link up top in the space.
And that's why we do these spaces to have these discussions.
And I appreciate Lucas for pointing out
some very important points as well
and doubling down on those as well.
TJ, do you have some thoughts you want to run to here?
Yeah, I was just taking a look at the website
and just kind of changing gears a little bit.
I saw that you all recently did a debt restructuring.
Could you kind of allude to,
I saw there was like a full equity conversion.
Could you allude to maybe what led behind doing that
and what you're looking to achieve by that move?
I came with a group of investors in 2017.
This company was up for sale.
One of my investors was Darryl Green,
I brought about eight people together
and we acquired the company in 2018.
After letting the old management run the company for a year,
I found out the hard way that you can't expect somebody
to fix a problem that caused it.
So I took over to operate the company
with John Meyer in mid 2019.
We reorganized the company.
We took it public in August of 2021.
The company got a lot of excitement out there
and the company shot up to a $450 million market cap.
Went from zero to $11 a share if you look
from July 1st of 2022 to September 30th,
it traded over a hundred million dollars.
Now the original investors that gave me their capital
in 2018 all made a fortune.
They were in the stock at a quarter.
When we merged in to go public,
they got 3.4 shares for every quarter they put in.
So they had about five or six cents in.
And I don't know how your market was for you last year,
but the average person out there
had a significant impact to their stocks trading.
A lot of the stocks were down last year.
Most of our investors sold and made a fortune.
Now that the company has gotten that overhang over,
what we're looking at now with the capital restructure
is bringing in enough capital
so we can expand our business.
Our problem today is we don't have enough inventory
to service all the areas.
Offices in Canada, the United States, Mexico, and Ecuador.
And so our interest with the debt restructuring
is we've eliminated any of the toxic debt
that hurt the stock price.
I mean, if you're getting stock at a discount
no matter what the stock price is,
as there's liquidity, you can make a lot of money.
We were able to, in the last few months,
get rid of the toxic debt in the company.
So now we have some debt, but it's not toxic.
We have one investor that as we need capital for expansion,
for more products, for advertising,
or additional products, we can now call on that.
Out of the $7 million that we have available to us,
we've drawn down about a million and a half so far.
I hope that answers the question.
No, yeah, that answered the question.
I guess my last question would be
with you all kind of being capital hungry,
and I know you just alluded to an investor
where you have a $7 million kind of line,
are you looking at any additional share dilution
over the next 12 to 24 months?
We probably are, we probably are.
I'm looking to grow the company.
The company between 2005 and 2017,
as John had mentioned, was listed in Ink Magazine's
fastest growing companies for different years,
and it went to $70 million.
Our current volume is just under $5 million in sales.
I'm hoping to have this company go back
and surpass the $70 million that we did in 2017
and that's gonna take some more dilution.
But I also think the appreciation of the stock price
and the income that can be made from this
will be attractive to investors.
As I said earlier, since I took over the company
four years ago as CEO, I haven't taken a dime in salary.
I'm taking all of my compensation in stock
to allow the company to grow.
Thank you for those answers.
Really, really, really good questions there, TJ.
Hey, while we have about eight minutes left,
I actually wanted to dive into this one topic
which we were discussing an hour ago,
which was the side of AI, right?
And I think every company's now looking at it going,
we have to bring AI in some way, shape, or form,
whether it's literally a chat spot on our website,
all the way to something helping us with our processes.
I'd love to throw the question at you guys.
Are you looking to grasp the power of AI?
How do you bring it into a company like this?
Well, the power of AI, of course, is very important.
And as I mentioned earlier, to verb technology,
we already are using a portion of that
to attract people, be able to monitor
and follow where the business people are
that are demonstrating more interest.
But the part that we're interested in
about AI and bot technology is really being able
to have the power of AI to go out on the internet
and see what people are already looking, for example,
for stem cells, stem cell health,
stem cell nutrition, stem cell therapy,
whether they're looking for business for home opportunity,
work for home opportunity.
And there are also those people that they're all out there
looking, but we haven't been able to connect yet.
So the power of AI for us is a panelizing prospect
where we're looking and they're looking
and we wanna be able to join up and find them.
And the AI technology would help them pass the wider net
for us so that we can partner with them
and share the benefits of what stem cells are offering again,
both on the product side,
as well as the business income earning opportunity.
One other thing, guys, this is Gabe,
remember that as we grow and sales grow,
the challenge is for us to have AI
do as much of the workload as possible
so we don't have to add additional expenses.
And that's the beauty of where we're going
and where we're at at this time in technology.
So we can go 30, 40, 50% increase in revenue
without having to follow in expenses, because thank you AI,
because AI is getting to the point
to where they basically operate everything
make sure that we have supplies that we need,
no back orders, I mean, it basically takes away
having to add more personnel.
So, I mean, there's a lot of excitement here
for what stem tech is doing and where it's headed
and the availability of the technology
for it to do 60, 70% of all the work
because it's all basically online based.
The other thing is that when you start,
like what Lucas had asked about,
mixing this up with stem cell therapy
where you're getting shots or injections,
this information has to get out to the public
that there is an all natural way
to increase the stimulation of stem cells in your body.
You don't need to shoot in umbilical cord,
You don't need to spend that money.
If someone takes our product every day,
their quality of life will change.
I know personally, I've been doing it for four years.
And what we feel is the more information
that's out there about stem cells.
I mean, everybody that's listening today,
stem cells are probably new.
The more information that gets out there,
more there's gonna be a demand for our product.
So our real interest is to have the 18 years
of track record we've got
and to be able to expose this
to as many families as we can.
We'd like to have stem tech sold
in every neighborhood in the world as soon as possible.
Yeah, I find that AI topic super interesting.
And I think it can integrate into all types of companies.
I certainly use it with mine.
And so I'd like to see more and more kind of bringing it in
as long as there's a good spot in place for it.
One other thing I think would be good to touch on
while we just have a few minutes left here
is you made some recent additions to senior management.
I think that management is like everything for firms.
It really does go so far.
Could you talk about the addition?
Yes, we brought on board a gentleman
as our new chief administrative officer
who will be responsible for all of our financial information
and working with our subsidiaries to coordinate that
and give us some more efficiencies
and being compliant with our SEC filings, et cetera,
and working smarter rather than harder sometimes.
So that's a significant position for us.
What about Jeff Weisberg?
John, tell them a little bit about Jeff.
Mr. Weisberg, he's a four-year veteran.
He's not a corporate type.
He is actually what we would call a field person,
He is energetic and enthusiastic.
He comes with many years of being in herbal life
and he's got a lot of energy.
And I think it will be great to motivate new people
to join StemTech as well as being part
of our sales organization.
And he just knows a lot of people in the industry
and we're anticipating that he will be able
to attract many people to StemTech
because of his vast experience
and knowledge and communications history.
Appreciate the details on everything that's going on there.
And then last couple of things here,
I guess one would be obviously that website pinned up top.
Where else is a good spot for people to go
and really do due diligence, find updated numbers,
updated insights on what you're doing
and just stay in touch with the company.
We'd love them to contact us and be on our mailing list.
We'd like them to follow us.
They can see as we're growing and expanding.
And of course, John and I are available
to talk to anybody at any time.
If somebody wants to talk to a lot of the people
that take the product or distributors on that,
any language that you speak,
we've got distributors that take the product.
And so we're wide open to be able to provide
the average investor access to the information
on the company, the products, our business plan on growth
and how the company's going forward.
Okay, I think we're ready to probably do
a couple of closing comments here.
I wanna thank you to the panel.
Thank you to Lucas and TJ who came up here and joined us.
We'll go around the panel real quick.
Gabe, was there anything else you wanted to throw in here?
Chuck, wanna give final comments here?
Yes, I appreciate everybody's interest in STEM Tech.
I've taken this on as a passion myself.
I think that the capital appreciation
as people start taking the product
will show in the revenues that we have.
And I think the tenure that we've had out of the product,
18 years, people using it, no complaints,
no recalls from the factory
and having it all over globally
is a statement of the positive nature of the product.
And I think that if people wanna dive down
into this and talk to us,
please give them our emails, our phone numbers.
We're available to talk to anybody about STEM Tech.
John, I do gotta end this space,
but thank you so much for being on here today
and sharing so many insights with us as well.
Thank you to the panel for being on today.
I'm gonna go ahead and close this space out here.
I do have another space that I will be hosting
and opening from the Stocks on Spaces account.
If you would like to be with us for Power Hour,
See you on just a few minutes or just a minute.