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Good morning, ladies and gentlemen, everybody boys and girls cheers hmm all right. So yeah we are, we are live good morning to everybody. Interesting yeah. So today should be an interesting day.
Maybe we'll see um but yeah. This is your spy right. So pretty much you know. Let me grab something else um.
It goes all right so good morning, guys happy to have you on so looks like um markets have held their weekly trend. Markets are going up, things, look good, so pretty much. You know. I would assume this bullish momentum.
Pretty much takes out these highs. We're gon na see the market up to there so um. I think it's pretty straightforward market went up overnight gap up bull flag breaking. I think the four hour mean i got ta double check and then move into the long term.
Weeklies and um, maybe the daily or something like that, but yeah i mean to me that seems like a strong possibility, we'll see the market seeing some pretty good momentum. So far. Good morning, my guy good morning, my dude how's it going good morning ray good morning. My friend um in terms of plays today i mean i haven't even really looked at scanners too hard, but i mean you know if you look at any of the stocks here to the right.
You know on this scanner, there's a good chance. Some of these have been runners have already ran, might continue to run so pretty much any stock in the upper right. You could put on a watch list today and maybe keep a close eye on um. So there's that all right good morning, um morning venom.
How are you doing bud um amd um? It's not particularly one that i have done a lot of looking at over like the last day or so um yeah i'll, probably be trading the markets today. I think i'll probably be watching the queues watching the spy um. Specifically myself, so i think that's probably an area of focus for me. Today's cues and spy.
Also because um, you know volatility. Is there too? I mean they've been having some pretty big swings. So i know that there's volatility there um the scanner in the upper right hand corner is a scanner that comes with our deviation system on thinkorswim um. Now today, things that might interest you over like the next week is hurts hertz got some news that they're doing a repurchase program.
This might get interesting over the next week or so so you can keep an eye on hertz, maybe going forward for a couple weeks here. Um snapchat kind of interesting snapchat has crossed through a long term trend on the down. Well, it's across to a price action. Uh trend level, and so nonetheless this seems kind of interesting snapchat.
So this is going to be um. You know being watched over the next couple weeks, but if we were just to draw a sharp down trend here, we have just crossed through that. So whether that leads to a pop today coming days, i have no idea so we'll see. Um next part of the story is: it is right on the four hour neg two and if you look at the daily chart uh, it has room up to the daily chart and egg two so like today, if you're looking at snapchat and whatnot this uh this, Like breaks out to start the day, um, which i will be watching snapchat we'll be targeting up to 52 for now max um. You know if it gets to 52 and tons of volume and it's gon na break and keep going then cool, but for now pretty much you know if i was long snapchat which i'm not, but if i do and watching it we'll see uh then i just Probably look up to about 51.77 for right now, yeah right about 51.77, okay, so uh! If you've been watching snapchat, that's pretty much. What's going on all right, let's pop back on over to the queue, so you can see the queues are up to that green line. Oh, it's not really so so here's the deal right so the price target i have for the qs is all the way up at like 403. I don't think the queues are gon na go there.
Maybe i'm not really sure to be honest, but i do believe that the queues are going to go up to 467 to 469., so whatever price the nasdaq reaches or whatever price the nasdaq is at at the time the spy hits these prices. If it does that's where i suspect that we'll probably see a little topping action from the queues as well, so whether or not the queues goes fully to its statistical level, we're thinking or whether or not it just finds some spot in the chart to pull back. When the spy gets here, that's probably what i'll do so, i'm specifically watching you know more so on the spy today, because i think the price targets are a little bit more sound um. So we'll see i'm following more on the the spy today than i am the qs specifically now, if you're like someone who likes to look at iwm, uh iwm, i think can continue this long play up too, which will um pretty much to me.
You know it seems like we're going to go up on the or on iwm back to about 228, 84 or so um. Let me double check this time frame. Oh this one has us probably on resistance or maybe not actually to be truthful yeah. So i was thinking today we would see uh iwm creep up, maybe into this price of 279, which obviously isn't very far away so um.
You might basically look for iwm to get up to this price, and if there is a good amount of buying pressure here, then you could suggest. Maybe we get a breakout. You know something like that. So either way, i think for myself, um, i'm pretty pretty up to speed, which is the only way we're going on a long all the way up.
There is, if we obviously break here with a lot of good volume, so um, you know we'll see. The only way you go up is by taking out the level we're currently sitting at which many probably wouldn't recognize it, but if we go upwards right, if you look up the only way, you're going to go to those targets is, if you break through on the Spy, it's a four-hour, statistical level. So if we look at where the price of the spy is right, so do you think it's random why the spy is where it's at this morning and it's having no right. So if we go back to the four hour - and i just kind of put my own level there again and we go to that one minute - it's going to be very clear why the market went to that price and it's stopping right. There right delete that level. Go back four hour chart statistical level right here, so unless the markets can break through this, this will not turn into a fantastic long play and you could still see the markets revert down. So, basically, just watching trend for right now long term levels and tracking volume to give me confidence to play one way or the other so uh, that's that's pretty much it for the market. I think you're, probably all up to speed on that um yeah.
So no problem maria yeah we're gon na i'm gon na try to keep a lot of those coming to like daily trading setups and things that are happening in the market because again, once like today, right, like this whole setup, we're seeing on the market after today. It's not gon na look like this, so you're, never gon na know what it was really like. So that's the thing about this whole system that you guys keep seeing me trade. It's all updated in real time so like tomorrow, this level won't be 464..
It might be 460 465 or something like that. So once right once the setup changes, i mean you can no longer, you can no longer learn from it right. So a lot of what i do here has to be archived in real time, uh to a learn from when you go back and look at it or because, because you just can't right, it's not. We don't use previous price levels right.
We can do that, but we use statistical levels, which tend to be, in my opinion, slightly more accurate at times, but they change constantly. So you know anyways. So that's the spy um, it's kind of how i'm watching that, what up peeps good morning can you check i'll see id yeah so before we go on to like lcid and some others the way the market sits right now is they're kind of pumping anything covid. This biotech and therapeutic stocks are kind of on the move, so you're seeing a lot of that going around right now, like i said most of my attention is probably going to be on the markets.
Today we saw a little bit of like an uptick from if you want to call them the stay-at-home stocks on friday. Once we first got this whole omicron news that we were all gon na die tomorrow. Wait no wait. Excuse me, sorry, no! They made me think.
I was gon na die, but but now it's maybe mild - i don't know it's kind of weird right. It's like it's like constantly getting someone's hopes up and then letting them down, but the other way around so so yeah. I don't really know what to believe anymore. I'm frightened, i'm in my house, i'm scared for my life, the new variant, it's the 26th variant.
I mean i really can't keep track anymore. So on that front, i'm a little confused. Don't ask for my opinion on it, because i've listened to the experts and they've confused me, so i don't really know what to believe anymore. So, on that front, the stay-at-home stocks related to the old omicron you're going to die tomorrow, news started to pop up a little bit now, if it's mild, which it probably is, if you're not going to die, which you probably won't, then you would imagine the market Will try to shrug this one off pretty quickly? That being said, if market shrugged this off pretty quickly, then the reality is the stay-at-home stocks that are downtrending are still going to have a hard time, reversing their downtrends, so pton pins, zoom snapchat. Those were some of them um, so you might be optimistic over like a week just to be watching some of those they might pick up. They might not again if, if they're, just getting a little blip from this news, then we'll see um, yes, um. I made two thousand four hundred on the hold of b-e-n-e nice. Well, at least someone made some money all right um.
Aside from that, i am going to uh post our black friday coupon codes in the comment section below since i haven't been able to stream and get online with you guys since last week you wouldn't even know of them, so i'm going to post those in a Second, in the description below so, if you've been waiting on that announcement, they're all going to be linked in the description. If you guys uh, give me about a half a second, so today you might be optimistic on some of those stay-at-home plays um. I would be lying if i've done a lot, i would be lying. If i said i did a lot of research on the a lot of these penny stocks that are moving around right now.
I haven't really just been mainly looking at the market today, so i'm not as up to speed on those ones. As i know, some probably are okay. So every coupon code that you guys can use is linked in the description of the stream now for black friday, which obviously is past, but i thought you weren't on today. No, i am nrxp yeah nrxp was early.
You can see it's right here. So nrxp was real early on our uh. Our watch list well that that scanner there it came off - excuse me pretty early this morning. Okay, so obviously just keep your scanners going seeing what's good and you'll have fun.
Yeah roku was another kind of interesting one. From last week that spiked right up into um, basically it spiked into resistance and still holding below i'll look at mrna here in a second with you guys too, and probably be a good one, all right so mrna. Obviously you know and here's another thing uh there was. I wasn't the one to find it.
You know this was some other guy, but you know someone had bought like 24 million dollars in premiums, basically meaning you know. They're long they're bullish premium calls on mrna. Last week, so they had weekly expiring options for last week, 24 million in premium i mean either. The dude is super duper rich and 24 million is just like pennies or it was a guaranteed win. Most people don't typically throw 24 million dollars at weekly options without without some certainty, it's kind of like in the movie or not the movie, but in the series uh billions uh. I can't remember the one guy in that show, but he would always say to bobby axelrod bobby would be like all right like are you certain and he goes i'm not uncertain, so meaning he's certain that he's not uncertain that it's going to work so 24 million In premium goes into mrna the same week that oh omicron so again, that is the proof that you need, which you've already known in your heart, that markets are made. People know things before other people, and so it is a big beast mechanism by design right. So somebody knew something and put 24 million in premium on it, so um shocker not really.
No, no, not not really a big shocker there. Is it a big shocker that the headlines of cnn were inequity in the vaccine is what's causing the problem so because some people got it, some people didn't it now, it's their fault and it's it's this division, and now we have a new virus because of division. In the country shut up like if someone could just if there could be just one news, media outlet that just brings us together every day would be a great thing, great thing, so um. All of this doesn't really surprise me.
The only thing i will say the only thing that has actually surprised me over the last two days was statements made by mr fauci. Mr falchi said this may not be a big deal, but we should prepare for the worst. The fact that he said it may not be a big deal means it actually might be a big deal because he's been telling me it's been a big deal. This whole time - and it hasn't i mean - depends on who you are but he's been telling me.
It's been a big deal this whole time. So for him to say it's not a big deal. That actually might mean it's a big deal. So that's the only thing that actually i found concerning was fouchy's tone change.
That's the only thing different i've seen here in the whole charade, so uh with that being said, yeah um. I have nothing more to say on that. It's called twitter. It brings us all together, i love it.
I have uh extra cash and reserve, don't know what to buy so again dude. Well, i don't say dude, but this is how it works right. You are in a risk on environment, because so by design, you cannot so you me everybody on this planet by design, nothing more than design. Nothing more than plans implemented cannot find return on your money elsewhere, other than let's call it stocks, maybe real estate, just just in general.
You can't get it saving in the bank, you're, not even getting it in silver and gold, because silver and gold aren't even keeping up with inflation, because those markets are purposely rigged, so you're forced to go into stocks, also, maybe real estate, which is further driving the Markets higher, so you yourself as an individual, want to make some return, but you don't want to be risky, but you really can't be because we're inflating at such a fast rate and rates are so low that you're not making a return on the bank by sitting There so you're left to do what buy stocks. Well. Stocks are high and they're going to probably continue to get high and we're going to continue to pump billions into the market. So, by pumping billions, we inflate drive the price of the dollar down well value by rate. Staying at zero, more people borrow and go into debt. Things go up um by keeping a very low interest rate environment. It forces people to take more risk in the market, because that's the only place they can find a return. Inevitably stock market goes higher continue that cycle you'll have a bubble.
It is my belief that we're driving into a bubble, as we always have been and as everybody already knows, by design, i don't think this is anything other than just by design. So, yes, you can put money into stocks because that's where risk is on and that's where you can make a return or you could try to load up on silver which really isn't doing anything or gold which hasn't been doing anything or you can put it in Cryptocurrency, which is deemed high risk, so there's really no good place to put your money right now that isn't risky. That provides a decent return so pick your poison is really at this point. Um.
Is this how it goes so also someone you might like listening? No, don't worry about yeah, so that's it i mean. There's really. I don't. I don't really know how else better.
To put it, i mean that's it. You want to find return you're in the market or maybe you're into real estate or maybe you're into art. It doesn't matter where you go right now everything is inflated and that's because nobody can get a return in the bank anymore, so their money is going everywhere. It can to find a return and that's why you see astronomically high prices on everything everywhere in your investment world.
I guess that could be probably debunked a couple ways, but you get what i'm saying um our stream is really not even supposed to be delayed like at all, but it always ends up being delayed. Yeah i mean i might be able to get it a little bit like faster. Let's see because right now we're on like normal latency, i mean we usually would stream on ultra low latency, but the fact of the matter is the fact that we're online streaming to you today is it's. Basically, a miracle is what that is um, so yeah.
We used to run very low latency streams where the the lag would be pretty much non-existence, but then we're never actually able to stream to youtube. So it just so happens today or just in general. It's on the low latency setting doing everything possible to get my stream to youtube, which, even today it took me seven attempts before um before i was able to get online seven attempts. I've been doing this for six years. However, it doesn't matter, but whatever so um buy amc, bro, um, yeah amc was stock. I looked at today and was like yeah, maybe um i mean i don't uh, i don't doubt it right we're kind of coming off the dip. My thoughts were if this was gon na go long. Today i mean you pretty much see like a gap fill so it's like.
If there was a long play, you just kind of look for a gap. Fill that's really all i kind of mustered up in my little peanut brain this morning, so you know take it for what it is. Shib um. I don't really know lucky to see you again.
Yes, uh forward. Slash cl analysis. Absolutely so i already looked at this. This morning so kind of pretty caught up to speed, so my recommend my recommendation was this white line, so that white line was my upside target for forward slash cl today, um pretty much that you would see 73.87.
When i looked at it, i think it was here if i go to somewhere hold on um yeah, so right there, oil rebound already someone guess that's what happens when you knife into neg 2 dev 7366 oil would be my next up target oil resistant, neg, 1 Dev on daily right now, so if you understand even a half a smidge of what i just said in that right there that message in the chat room, then that basically just means, if you were looking along today on oil, you would first, if you're going to Be long you would look long up to that price and no higher until you see a lot of buying volume trying to push it through so yeah, basically oil. That would be my max up target now. Remember that this long move started from here. So that means that from here to there so far, 90 of that trade has been completed.
So, if you're trying to go long now up to there, you could so you could say this right say if it was only meant to go from here to there. You would be in like the 80 percent stretch or like the last 20 trying to go up. You don't know if it's gon na break this for sure. Maybe it does break.
Maybe it doesn't so say it just goes to here and stops right now, you're buying at like the very tail end of the move, trying to get the last little bit right because you always have to remember where you're at in the food chain. Somebody started long here and they were targeting 73.66. Somebody started long this morning at 8, 10 targeting 73.66. Somebody might be starting long right now, targeting 73.66 right, so you're always going to know where you're at in the food chain um and i'm always one that just goes from point a to point b and once we start getting over, maybe then i'll suggest the next One, so i'm never one! That's gon na be like hey we're gon na go from here to here, even if i think we can - because i know something's here so i'll - just say: hey go from here to here and then, if you can clear that then go from here to here right. So that's kind of what i did with the spy this morning too um so you'll, remember like yesterday and last night on the queues. I'm like hey guys. You know, i even said i think it's guaranteed the spy goes down to here. I thought we were going to kind of slide lower today into this level and they would long out of this to start and on yeah, so we either bounce here then roll down lower or we would just bounce and go except they just gapped it up overnight.
So really it's like market basically went to these levels. They gap up overnight. Bull, flag, break this white, so the 7366 on oil is kind of like this level on the spy right. So we went from the low back to this level.
Okay, now we're here. Do we get good buying volume and confirmation, through this level, to suggest we're going to go from this line to this line point a to point b, so this was a point a yesterday last night last week i didn't know for sure whether we would go below It, whether we're going to go to it and hold and then go up, but this morning we wake up and basically the way it says is this was a point a so. If we came to here and reversed up and went long, this would be point b. So we have done that.
Okay, so we've done that cycle. That's one cycle! I would consider that a cycle. I would consider that a move. I would consider that a market doesn't matter.
So that's gone all right. So now we're at point a again. Do we break and go to point b? If so, then we've completed another little, maybe mini cycle right. So that's how i'd be watching that market right now, um spy also bouncing off the 61 fib yeah.
So if we were to do a fib right, so that's another thing too is like some people do fibs some people like me, look at statistical levels and just go yeah. This should be kind of a bounce point, but if you were to do um yeah i mean you probably have right about there and i could have done that slightly wrong hold on. Let me zoom in a little bit so snap down this candle so yeah. You know i might do that.
I don't do this every day on the fib stuff, but i mean, if that's even close, to being correct. You can see this. The the 161 fib retrace comes into play. Um, you know on the spy.
Oh yeah, you know what sorry yeah the fibery trace comes in a spy there. But if you look at the qqq right, if you look at the qqq this one, you probably have a fit. Maybe a fib line up, maybe not, but regardless you can see this, this big solid line, that is the long term weekly level, so i'm more of a deviation guy, as opposed to a fib guy, but i guess whatever works for you at the end of the Day, but i should learn that a little more, my buddy brandon's been been really epic, with that lately so probably got to piggyback off some of his knowledge rug, pull on bfri um, not really. I wouldn't really call it a rug, pull um, i mean yeah you'd. I mean yeah, i mean it's getting pulled hard, but the reality of the situation is you already knew it should do that right. You already knew that. There's no surprise it's supposed to it's supposed to do that, maybe not that fast. Maybe it's supposed to go down a little slower, but, like i mean it's supposed to do that, there's there's really nothing about that.
That's surprising and it shouldn't surprise. You look at where it's bouncing. Do you think, like look at that, i haven't even looked at bfri. All morning and just look at where it's bouncing right off my purple line, which probably is slightly inaccurate, so i think that's kind of lucky, but i mean that's a reality situation.
It's kind of supposed to do that. All right i mean it's pretty pretty decent volume check on the qs, so the qs kind of broke up there, a little bit spy still struggling. Some notification aren't going out that i'm on air surprising, not really uh. Let me shrink that down.
I got ta bring up another chart up there. That's better, okay, wow everything is loading so bad on my screen right now. There's just no need for any of that to be loading so slow. The way it's loading, oh gosh, can it get any worse you so that was kind of like the excuse me.
Why is my chart so dumb right now? It doesn't even make sense. Thank you all right. So that's the spy or the cues rejecting off well, in this case the spy is rejecting off that four hour statistical trend. So it's just a matter of whether or not this pick symbol picks up in momentum downwards um or we pick back up.
I mean that's pretty much, that's kind of how i'm viewing it youtube, no notify you! Why not? Why youtube? No do that youtube come on you rube! You room! Hmm, that's funny all right! So, just following the spy qqq pretty much as of right now haven't really looked at like anything else. Okay, where was hold on, i feel like i'm missing something. Wasn't there a downside target that i was talking about or was that just on the q? So i got to double check. I just got to make sure yeah.
It must have been on the q's did grandma says: hi nice um. Let me just kind of peek at i'm just going to keep the spy up here and uh. Actually, i'm going to go to two screens here, so i can keep up the cues and the spy. At the same time here pton rolling down zoom, going down rolling down kind of up.
That's sort of interesting put our spike up. Then roll down interesting, uh, yeah i'll, take a look at mrna. Sorry, i got a lot of stuff going on. As always, uh mrna is at 376.65, which is um pretty much exactly where we anticipated that market could go to ptpi uh strong spike move.
I mean moving up. Let's take a look on maybe this screen one second, i got ta keep close tabs on the cues right now in the spy. For that matter, yeah i mean so far, spy's still getting weighed down a bit. Obviously, it did not claim that 464 price queues are still staying below at least the 396 33 396 33 is what they need to get above. You got the q's back on right. Over 396.33 spy is kind of lagging that of the cues. So if the spy follows suit with the cues, you would see the spy spiking back up to kind of that previous high a day level we'll see time will tell is roku. I forgot to keep an eye on roku, but it might be uh.
No, it's not not right now, um. So, let's say that spy candle on the one minute chart was getting bought up from the bottom, but still not enough to kind of take it up for now. Um look at the queues. I mean the queues are moving.
Okay, they're, not through that previous high, yet and still spy struggling, which is just kind of interesting but we'll see. Yeah roku got just absolutely rocked today. All right, you might get a break up there on the spy i mean. If it's really meant to have some momentum.
It probably does it about here. If not we'll see it's still just kind of sitting below its 100 moving average blah blah blah this. That and the other yeah oil definitely struggling there yeah fun, stuff fun stuff. I mean all travel related stocks, not doing so good again.
The spider's still sitting kind of struggling to hold that immediate dip on the day, which i mean not really a big deal at the end of the day. Um the queues got over their level but haven't really fired off too crazy. Yeah spy is sitting right below that 100 moving average um apdn is on our avol scanner, i'm just an fyi um cemi on the aval scanner. So a couple things on the scanner there, so no breakup from the spy at least immediate there.
So it's doing a slight little rollover. Man roku got absolutely demolished today, snap, not doing so hot. I'm gon na check the overall market really quickly. I mean most things are green, but then again the market started with like a gigantic gap up.
So, of course, that that makes complete sense, so not really surprising there - hmm that's funny. Um yeah, i mean big selloff. I don't really have a plan as of right now to what i want to do, because i was looking more for the long to go through that level. I wasn't really planning for too big of a short there, so i'm just not in on the bearish move.
There, on the spy at least so kind of looking around at some stocks, now just kind of getting engaged for what's going on outside on the market, uh mrna pulled back off 376, which makes complete sense to me. The pullback is going down to maybe 352 for right now, nice uh, let me take a peek at amc, haven't really seen it since pre-market down. I mean i wasn't really thinking it would go anything too much more than the gap fill today. If it was going to go high, uh we'll go up for that matter.
Um and spies is chopping around. I can't really say i want to short this market and i haven't really gained that confidence so just kind of watching. Ah, that's so good, my dude, not so good. My dude, i know ricky g entered a short on tesla this morning. It is currently up um about 120 points, so that's all right, amd's moving! Okay! You know i like that. Move back, good move back on the spy, facebook, kinda kind of looking interesting there, all right, the nine-day moving average off the dippy dippy yeah. That's kind of interesting, ah, no problem, hugh no problem, i dude tess will be seeing 1 500 in the next couple weeks. Uh yeah, no problem jack, dorsey, stepping down yep, you know so like i try to do my best at just being.
You know you know when it comes to the analysis, videos and even the trading. I try to just basically look at what's happening and if i don't feel comfortable with it, i'm not going to trade her to do anything so like today. You know basically was tracking this level. I wanted to see some buying volume come in, didn't thought we might hold that first dip and retest.
We didn't so. You know just kind of not seeing the market. Maybe for what it is completely. I mean i've done fine, but you know i'm just just sitting back hanging out.
You know that's pretty much it i haven't even looked at uh, i haven't even looked at my trade ideas scanners like once today to be honest, um, so yeah i just. I just think this is an interesting day to see how this this day plays out. Like i said i i was talking with some others. I'm like i wouldn't be surprised if we got like a chop day.
Uh we'll see facebook like i was talking about earlier. I mean that kind of looks pretty decent. The way that's holding um you know so arguably might get a little jump on facebook spy. I mean that's dip down.
I mean it's like. I said: i'm not sold on being bearish just right. Now nice little push there from facebook, not bad 3 40 on facebook coming up is the way it seems they're pretty close, maybe not quite cmi's, trying to bounce right now you might have a bounce play there on cmi, hmm yeah forge cl still struggling today. Uh, the q's are slightly grinding up again, so the q's have kind of made it back over that slightly bullish level.
Ptpi yeah i mean the cues like i said: the queues have been trading a lot better than the spy today so far, not that that can't change a bit but as of right now it's kind of been the way it's been yeah. I mean still spy just little slides little slides. The cues are slightly holding over that level that we talked about earlier, which was like 396 26, so the qs are slightly holding over that for right now, nothing too crazy. The spy is still kind of in this little dip thing volatility, starting to pick up there with the spy a little bit um.
So the qqq is starting to move a little more aggressively. The spy's still kind of just hanging out doing its thing, moving a little slower, um yeah i mean, might not get a very, very aggressive day here from the market, we'll see um the queue still kind of creeping up pretty nicely, like, i said, just spy struggle. I use the mid theory to draw trend lines - nice very good, um, just so nrxp, none to borrow good or bad. I mean sometimes it goes both ways to be completely honest: uh alex jones, the new twitter, ceo, nice, big lmnz, tv yeah, i mean once the spy clears like that 464 level. I mean it would probably pop, in my opinion, so we'll see if that ends up happening. That market is trying on the spy man there there it goes there. She kind of picks up in a little bit of momentum. That qqq is on the mick reaper magoo, but the spy is just still doing that slow, sluggish grind uh, so you know that's just you know.
This is what it is. It's just a slow sluggish day for the spy. It's just not gon na, not gon na give you what you want. I don't think so all good.
Now, if we recap, we know that the market went up to our level of 464 couldn't break. We might arguably see this try to grind up to that price. Point later, in the day or throughout the day, at this point, um, but not gon, na make some big game plan for that to happen. Cool oil, oil, oil yeah - i mean oil is just still staying down.
It's not not helping, not helping. So if you remember with oil, remember, we were talking about uh oil this morning forward, slash cl magushi, magoosh, mageisha mcgee. We basically said like max long target. Was that price right and remember that the move started from here all right, so remember the move started from about here and that was our max long target that white line.
So if you kind of take a step back, i mean the market did exceptionally well right. It bounced from here almost all the way to that target and now kind of rolling over selling down a bit. Unfortunately, qqq's are holding up staying up. Okay, so far, um no love lawrence.
I don't know, i'm sorry if you said something i don't know you're referring to, but i i i'm here i'm here for you but um. Does the futures market going up indicate spy will go up? Well, yeah kinda yeah, i mean the futures market does kind of dictate how your your s, p is gon na you know i guess b. If that makes sense. Yes, that qqq made a pretty decent move.
I feel like the q's kind of did what they were supposed to do um. What am i looking for huh? Our stockbot must be down today. That's annoying okay, btc kind of creeping down right now, uh. So, let's see it's been years since 2018, nice to find you here nice, so i'm currently watching the market, because the market's going to give me a good idea is how most of our stocks are going to be shaking out for the next couple weeks.
So by me, just kind of watching and following markets closely right now i'll start to get a feel for kind of how the the rest of uh the market's going to want to be trading, maybe over the next couple of days weeks. If you may. So that's really all i'm watching today! So um, you know really. First, first trade for me was long in this move. Looking for a breakthrough sold into that high now it's like okay yeah. We didn't get our first initial cross through to maybe tag up so now, we'll just see if we start creating higher lows from here going forward on the long side um, you know, that's that's about it. Yeah, like i said, we might not get some crazy day from the market. It might just be a really tight kind of back and forth consolidation day, but i really have no clue.
I mean i'm just kind of watching engaging by ear right now you got the q's coming back down. Arguably, could be a move back down to retest the breakout of 396 20s, so you know just an fyi. You might get your your spy might trickle or your cues might trickle down a little bit lower re-test the breakout. Inevitably, your spy is probably gon na get a little bit of a yanker mcdoodle uh yeah haven't really posted to ig.
In a while i mean i mean i've been really busy trying to get our youtube streams to work properly, which they still don't really work properly but yeah. I haven't really posted too much to instagram, really just been primarily focusing on youtube, which has been going horribly. It's probably gon na make jokes about snuggling up on our current sitting president too much, and they don't want me to touch them that aggressively connor. Can you pump lcid on youtube? Please, alright, let's take a look at it.
Yeah lcid looks pretty solid um. Let me give the old target: magoos lcid, lcid, lcid nice broke half deviation, but first target's pretty high. So we'll go with this guy that yeah uh you have. I don't really see any sort of uh.
There's no standard deviation resistance, you're going to run into until you get back to highs on that previous previous highs, or so i don't know if you're listening hyper, but you know pretty much got no big resistance myself till here um but yeah. I mean trade. The trend trade, the dips - you know the deal, so you do have that of a potential double bottom on the spy there. What do i think about bbig you're on the half, deviation support.
So if that gives out it's going to go a little lower, pretty much it max long target out of this bottom could be back up to 408.. All right spy, you might get a little pop through, might get a little volatility. Kick off, we'll see we'll see. If not just trade back into the range that it just put in um, is it fine yeah, i mean hold your losses more than winners? No, you should not be holding losers more than winners.
No, it's obviously not the objective. You obviously want to hold your winners. Longer than your losers and there's nothing wrong with taking profit along the way before something gets to your target right, i mean there's, there's nothing wrong with that. Either ispc halted over 15 cents, yeah nice move yeah, it's kind of a bottom. I don't say it's a bottom bounce day but kind of um yeah i mean just a happy monday with all amicon amica man yeah, i mean you can still see you're in this little wedge, going back and forth back and forth good morning, good mornings. Good morning. The qqq still kind of holding up for right now spy is obviously just really struggling for the day. Why would they halt uh? They would halt it because um they want to prevent volatility.
It's called a volatility hall, usually slow down trading activity, um um spy equals struggle, snuggle, let's say the uh. The q's spy are just kind of a very interesting moment. I would say if they don't uh start moving up like now. They're, probably gon na swing.
A little lower, i would imagine another dip getting bought up on the spy, but not strong enough to really get you out of consolidation, good dip pulled on the cues there. Uh have i looked at ptpi. I want to say i looked at this, but a lot earlier: let's go look uh, ptpi kind of has a strong feel to it right now. Yeah spy's still sitting right on that little bit of resistance there i'll say if the spy holds on this pullback.
That would be interesting again, another little dip getting bought there on the spy. I mean you guys pretty much know how this works until the market actually goes through this level, you're not going to get a spike in volatility to the upside. That's for sure, just an fyi qqqs, like i said they they might roll down just to retest 396 as well. I could see that being a play so yet again another little down and nothing so just keep tracking this and see if it gets dipballed all day.
I mean that's really all i have to say on that one. So pretty much a nothing day for me, spy, no action, p, l on day down, so i just haven't really done anything myself, ycbd little bit of a bounce yay. There goes the qqqs rolling over a little bit uh like i said you might get the cues down to about 396 396.25 uh, the real one, all right, cool i'll, take a look at sure i mean i had some profit. I mean it was about 400 bucks at one point, but still just one trade not playing out.
So that's fine, not a big deal. Shake it off. Market moves all day, long, nice, little ycbd, bounce, rd, krys, ah big gap up fading um yeah. I mean krys.
One second, i mean yeah, it's over the four deviation. You might see that fade all the way to 77. It's already made. It's one fade move down to about 87, which was trying to do and down to 83.
So it's already faded down to a couple levels that it wanted to so i mean right now you are in a downtrend you're, not in an uptrend look lower highs, lower lows trade that direction until that direction reverses minimum. You know, i'm not. I really don't. I should but i don't.
I don't pay attention to a lot of that, a lot of it's just pure technical, statistical levels and probability zones for the most part. Bfri, let's see yeah i mean that's a bounce sure you know bottom bounce bounce, bottom, bounce, bottom bounce. Yes, but yeah i mean, if you want to follow that sure again, like i said, i'm just really just watching the spy of the cues, even though there's not really fantastic movement here, it's just been the one thing i felt the most comfortable watching uh for the Day for the most part, um - hmm nice, nice crabby - face it's always good to be on the right side of the move. Pltr seems to have found. Some support may start moving to the upside ispc. Making moves. Do i mean the market's kind of swinging down again, i don't think it's going to be super bearish, but you might get like some little smidge of a down move from um. You know some of these moves.
There goes the cues rolling down, as i was talking about earlier, maybe down to that green line. So that's what i was kind of kind of watching like you might get that little smidge of a pull back down to this green line to retest that breakout. That's the only real downside, move i'd be going for in the market. Right now i mean if the market went to the green line and a ton of selling pressure kicked, in, maybe we'd say a little lower, but for now downside, qs green level.
396. Only thing i see on the downside potential targets got a little short play on myself: very nice kids, very nice gon na lock a little bit of that puppy in because you know well, it's pretty much down at the green line. Can we go to the green line come on? I want to be a stingy. Bastard come on green line, green line, green line, green line, green line.
Go go, go, go okay, i'll cover; fine, that's cool! So that's not bad! That got my day into the 1366 green on the day, so i basically played um a bearish move here, a little bit of size on this one i felt pretty comfortable. We still got a little bearish move going um, but you know we had this rolling over move. The green line was the breakout we had yet to actually have the price of the qs touch it. We came close the last time so to me that was the continuation move, so we broke up pulled back.
That's the first pullback for immediate continuation. We go up. We double top can't break high, lower lows: lower lower highs, lower lows: okay, maybe a rollover revert back down to the green line. I play bearish.
So that's what i did there. I played bearish q's targeting down to the greens covered here, because i've been a stingy. Basser before it didn't really get me anywhere, so you know - and this is a situation where i just don't see the markets extremely bearish today, so it's not like i'm playing for a breakdown. No i'm just praying for a pullback to retest our bullish, breakout level right.
So that's what i did um there, which you know watch it fall out to the green. Maybe it does. Maybe it does. I don't know it's my first day in the job kids first day on the job. All right so give me a second i'm going to go get, oh, my goodness, look at the cues almost with so look at this is a perfect example of like even after doing this for so many years and looking at charts so many times it's like the Mark is just a confusing place. Dude i mean it's just like green candles that go up they go down. I mean you can put a trend line this way you can put a trend line. That way i mean you can do this.
You can do that, and you know it just so like, for example, like it took me all morning before i could comfortably throw some risk on well, i mean i threw some risk on earlier, but this was the first trade for the day where i threw risk On i was like yeah, it's gon na it's gon na go where i want it to go right. I didn't really have many questions asked there. Oh look at that freaking. I didn't think we'd go that big, but you know what do you expect so like i? I almost feel like this dip gets, bought right back up to 396.27 tries to bring it back up.
I could be wrong, but i don't think this short move lasts very long. I think markets there. You go suck it back up 396.28 um. So those are some short covers for the breakdown this candle up is the retest of the breakdown.
So that's the immediate continuation retest, so you'd be shorting here. Looking for immediate, follow through down. If you don't get it then obviously you're covering and you're going to be. The ones that cause the break back over 390 630.
uh. What was the options play on the queue? So i shorted so honestly, i'm not the like, probably not the smartest person when it comes to options which i will probably become a little smarter sooner well i'll become smarter, eventually, just in general i'll learn more as we all do um. So sometimes i struggle with picking what is the best option that i should pick for. Directional plays on the day, but that's all in relation to how far something's going to go.
You know if it's only going to go a dollar up before then getting rejected. Then you're not going to want to buy two dollars out of the money you wouldn't even maybe want to buy one dollar out of the money you might want to stick to in the money. So to me, it's always it to me. It's always about, and - and maybe if you guys, trade more than i do on the options and someone's like a big intraday options, trader which i'm not, but i've been doing a little more recently um.
You know if one of you guys is uh big on options. Maybe you can let me know, but the way i see it when it comes to directional trading now i know that theta and delta in gamma and there's greeks, and they all are going to cause the option to trade or be calculated a little differently. Yes, that being said, typically the way my brain works when i first consider a directional options play whether it be a swing or a day is to first say: can the market even go here so when i was short, the cues i shorted this leg here i Didn't say but remember i said, watch for the queues to revert back to the green watch for the queues to revert back to so the market and the trade was announced. Watch for the markets to revert back to the queues even said here, your market's probably going to go down right, so it's just garnering confidence to trade. The directions sometimes now with the cues um went short here that short trade i wan na. Let me just double check, i'm pretty sure i did i mean i guess i could check my trade stamp. Where is that at um orders filled so that was the three yeah, so this for me was the 397, so i took the 397 put when we were trading up here. I took a 397.
We were just outside of the money right, so just outside the money. Anticipating the market would go to the green line, all right, so the market just over 397, so i'm taking out of the money, puts understanding the market can go to the green line and if i'm, if i buy the puts when they're priced up at about 397 20S on the chart and we drop the green line, those puts go in the money and then you know, delta and gamma, and all that's going to shift in my favor even more and help juice the premium a little bit so a lot of the times when It comes to me taking a directional options - trade. I always try to trade. An option i believe will event will will get into the money when it hits my target or we get close.
So in this situation i saw a downside move to 396.. I could have took a 396, you know put just barely got in the money, so i could have went farther out of the money little cheaper on the option, but in this scenario it's not like. I need to save on the option. I need to get something.
That's going to go, i hope in the money. By the time we hit my target, so the so the the greeks favor me a little more and juice my premium, that's the way. I see it. So if i'm ever going to do a directional options, trade on the day, i'm picking a strike, put call doesn't matter that i believe will find my target, which will then put the money or put the option whether it be in the money or just to in The money, if i'm gon na, do it just two in the money.
That means i'm going for a yolo plan the day where i could see a five dollar drop or a five dollar play to the upside, and i might try to get like you know some out of the money. But it's only if i see a big volatility day while i go that far out of the money, because then it's actually possible for it to get in the money or close to in the money, so only time i'll buy really far out of the otms. If volatility is significantly high - and i see what i believe to be a stretch - move to a specific price, so, like the other day on the qs, when we were trading down, let me see hold on i'm already on the qs when we were trading down this Day um was it: maybe it was this day, so it was this day when we were treating down this day once we kind of started getting smacked, i'm like okay. This is probably going to fade down towards 392.. So what i did was when we were in the 398 i bought 392 puts, or maybe it was 393.. I don't know it was one of the two is either 393. I was probably trading both of them. I remember i was trading a couple, so i probably traded both of them.
To be honest, so i was trading a couple of them down and i was picking 392's 393 puts and the bottom of the market was 3.93. So the reason i was picking that is based on the statistical deviations i said to myself on a big bare day. We can go to here, but not much further, so i'm not going to pick options further than 393 392. If i don't think we can go that far so on that day we had a big volatility drop.
You know so so like on this one, i traded i traded december first, so i traded early expiring options right. That was because you know to me, and - and maybe you know sometimes you shouldn't do it that way, but to me it's like okay, you're trading, early expiring options, you're only going for a dollar down. You think it's gon na happen. Why would i buy three weeks out of the money or three week, options expiring, three weeks from now, just to do a day, trade like that doesn't make sense.
So if i'm ever day trading things right, sometimes i'll do the next week or the current week. If the expiring, if the options expire today or tomorrow, sometimes i'm a little iffy about it, um, but, generally speaking, i always try to keep. My options expired within like four days, i'm usually even on the day trades. I just usually end up trading ones that have a little more time on it um, but you know so this is just getting absolutely smoked.
I mean we could see bigger down moves. Maybe we can always plan for that. You need rocket ships um, it really doesn't. I i mean, if you're talking about like rocket ships for the stream or what it doesn't matter, what we make as our stream title this it doesn't it.