Futures Rise Ahead of September NFP, Oil Drops Nearly 4% | PreMarket Playbook | October 2, 2026 — Transcript

[music] [music] [music] [music] Hey, Hey, hey, hey.

[music] [music] [music] >> [music] [music] >> Hey, hey, hey.

[music] [music] Heat [music] up here. [music] >> [snorts] [music]

[music] >> Oh yeah. Yeah. >> [music] [music] [music] >> All right, welcome in Benz and audience to another morning. We're going to wrap up the week with two hours of non-stop market action. Nike is getting crushed today. We have uh jobs number and core inflation at 8:30.

Lots of stuff going to be on. Multiple guests. Everything is happening. It all starts now. All right. All right. Good morning. Welcome in everybody. Nice to be here with you as always to start the day. Oh man, Nike, can you believe it is not doing it? As they just said on CNBC, down 8% literally just continues to get crushed. Uh, one of my good friends who writes about trade setups put on an amazing options trade in Nike where you risk 37 cents and it's probably going to make around $2. Imagine risking 37 cents to make $200 or $370 to make more 2,000. That would be that would be nice. And uh I'm going to have him on next week to go

over how to do trades like that and teach you a little bit more about options. He's one of the premier options educators there is. Uh so we continue to have great guests on. Uh but it's crazy what a fall from grace, right? Nike. And people say it's still overvalued here, but it had like a Lululemonlike setup. Um the big number coming up is in 28 minutes at 8:30. We have September non-farm payrolls. Uh it's approximately 90 thou it's approximately 90,000 jobs is the number. The unemployment rate is expected to be around 4.1%.

Um if unemployment does better, right? A strong employment report could be bad for the market because of interest rates rising. Okay. Okay. And thanks Acorn. Appreciate you. That's that's very nice to start the day. And Harugo, thank you. And yeah, I mean the positivity is always nice. I really that's that's what we feed off of. Uh has anybody used Muse yet? By the way, has anybody used Muse?

If you have not used Muse, now there is a caveat. There's a butt for Muse. Okay, it's it's Meta's AI agent. Muse is Meta's AI agent. And uh I got Wait, I want to read that comment before it disappeared because they're coming in too fast. Jason said, "Jobs have increased. I work a part-time job at night and they're hiring a lot this last month and also I just left LA Fitness and I see like five new people working there in the last month." Okay, [snorts] so I like the color. I like the color from uh where you're at. That's good. That's helpful. Thank you. Um, so Muse, if you let it into your email, if you let it into your credit cards, and I understand some people won't, um, but if you do, this thing is incredible. Like, I literally go there. I'm like, what's my EIN number? Uh, who sent this? When did they send it? I'm looking for an email from them, did I spend, did I buy this? And then it like it's tracking your emails and it's it's like you asked so and so for an appointment at 4. Uh,

four is coming up. did you make that appointment? Like like it's on a different level and it's like sending me updates and it really is a huge personal assistant. Uh so awesome. Thanks. I really appreciate that. That's awesome. Hippie Ridge, you had a question about it. You should quit trading platforms currently. Currently you're under Weeble and been working into other platforms. So, I don't know what the question is if you should quit trading plat platforms like quit trading or what do you mean?

Let me know. Muse is amazing. It's like open claw for everyone. Acorn uses Muse. So, Muse is unbelievable. Let me bring up uh switch trading platforms. Switch trading platforms. Got it. Got it. Okay. Okay. Well, hippie, your your uh your question puts me into uh a direct conflict of interest as I answer that question because I got two different scenarios going on. One, I as you see on my screen, I trade on Tasty Trade. I've been a brand ambassador them for years.

Uh also, I will be learning Benzinger Pro over I have a lesson set up and I'm about to go over all that. So, yeah, two different things going on. Um, and there we go. But, uh, yeah, I will say, um, yeah, I don't know. Could someone tell me what, um, I mean, yes, not here anymore. Solitary soldier defined B asked the same question 50 times. Um, morning all, please also cover in stocks, long-term holds, etc. rather than just options is there are many people here who trade like that and not just options.

Um yeah, Zach, obviously I feel like it's almost all stocks we've been like I did a couple of options examples but uh yeah absolutely I am not going to trade Nike today. I am not going to trade Nike. Uh but I will have stuff to trade. I'm I'm more Let's talk about Let me bring up my trading screen real quick.

Uh okay. So, Micron, did you guys trade Micron yesterday? because that was that was an epic ride. We watched it from the opening bell. Who was here for it yesterday? Say me if you were here for it yesterday. We watched Micron open uh what was it around 1050.

It climbed all the way up to 10 1070. Then it dropped down to 1022. and then it pushed all the way to 1095 uh where it closed. And so just just as an example, I did trade Micron yesterday and I I'll show you over here on the right if you look at Micron. We're going to go to yesterday's trades. So I bought the 1060 call at 1243 one contract for $12.60. 60. So that's $1,260 um expiring today. Now, I'm going to watch that obviously because I'm not I didn't want to risk the full $1,260.

Uh I sold it a little bit later for $1,525 a couple minutes later, but that went on to be worth $37. So 1,200. You could have tripled your money micron in that move in a couple hours. And then I bought it again, the 1100 [clears throat] call for 520. Uh, and notice notice what I'm doing here. And I think this is good for learning purposes. I bought the 1060, right? The 1060 call for $12.60 when it was below 1060 and I sold that for$,525.

Then as it started to run higher, I bought the 1100 call. Why did I buy the 1100 call? because I took the $15 of risk off the table and replaced it with just $5 of risk, right? So, it's called leging up. Like, by the time I put on that second trade where I had to lose, even though I'm risking five, I could only lose two because I already made $3. And then I sold these for $1070. Okay? So, now I've made $700 and then I bought the 1120. So, I keep buying the out of the money options and I bought it for $585. So, if this one went to zero, I still made a couple hundred and I sold that one for 680 and that was my day trading micron. So, I mean it was one contract. Um, I'm trying to trade smaller, trade less, and have that be less of a distraction so that I'm involved. But, I made $1,000 in it and I thought it was good.

um TLT TLT staged a nice comeback yesterday um and trading up higher a little bit which would indicate bonds interest rates going a little bit lower but we'll see what happens at 8:30 feels like it's setting up for that right right okay [sighs] now and then let me just ask oh what do we got oh and by the We didn't even we didn't even get to news today. So, we have multiple guests coming up today. Um, multiple guests coming up today, which will be nice. Amarie is coming on today.

Um, which I'm excited about. She's been in the chat anyhow. And there's Buffalo. How are you? Let's start with the news though. You guys ready for the news? All the news that's breaking. Aaron does a great job uh producing the segment so you get a quick exciting rundown of the news while getting a little music behind it. I love it. It's rhythmic. Let's listen to it now. US stocks look set to open in the green on Friday with futures of the Dow Jones, S&P 500, and NASDAQ [music] 100 indices rising following Thursday's higher close. Ahead of Friday's opening bell, investors are focused on the upcoming September jobs report with non-farm payrolls projected to rise by 90,000 [music] and the unemployment rate expected to hold steady at 4.1%. As per fact set, if met, the payroll gain would mark a slowdown from August's [music] 162,000 increase while remaining comfortably above the 12-month average of 50,300. The Donald Trump administration escalated [music] Operation Economic Outcast by imposing

sanctions on Iran's land transportation sector, directly targeting auto giants IKCO and CYPA [music] alongside the state-owned Islamic Republic of Iran Railway Company, according to Reuters. Meanwhile, the 10-year Treasury bond yielded 5.24% [music] and the 2-year Treasury bond yielded 4.79% at the [music] last check. The CME Group's Fed Watch tool projections show markets pricing in a [music] 23.8% 8% likelihood of the Federal Reserve hiking interest rates at its October meeting. The Spider S&P 500 ETF Trust and Invesco QQQ [music] Trust ETF, which tracked the S&P 500 index and NASDAQ 100 index, respectively, [music] were higher in pre-market on Friday. The SPY was up 0.52% at $767.99, while the QQQ advanced [music] 0.86% to $74,840.

Stocks in focus for today are Nike plunged over 10.2% 2% in pre-market trading on Friday after reporting mixed first quarter financial results. Synaptics surged 14.45% in Friday premarket after the company announced it will be acquired by on semiconductor [music] for $123 per share under the revised agreement. Asia strategy was 7.5% higher after it disclosed that it signed a non-binding memorandum of understanding with Plume to advance real world asset tokenization across Asia. Mangoicles [music] plunged 10.28% 28% in Friday premarket after it announced its former subsidiary [music] secured a $2.5 million strategic investment. Cortea declined by 1.03% after [music] it spun out its seeds and genetics company Vor.

Thank you for watching and make sure to subscribe. All right, that was a great job at the news producer Aaron for setting that up. Thank you. Um I am going to get into You want to bring up the movers on the screen first? All right. All right. So, let's look at these first. What do we got? Amod. All right, this is moving around. 48 million shares traded on Alpha Modus right now. A19 to 248.

Um, let me see what we could find for you in a mode. And if you guys find it first, we're a team, so whoever finds it, please share it. Um, a mode. Nope. Well, I'll always be able to find it for you. It just takes me a second sometimes because I'm coming up on the fly, but I following the closure of a major pipe transaction backed by 3,170 Bitcoin.

Okay. The single for subsidiary transaction. Uh, okay. What was the transaction? Backed by 3,170 Bitcoin. What's the market cap? 5.81 million. Okay. A mode. Let's we'll put a 100 shares runner on that and see what we got. Okay.

Some kind of crazy offering. Massive dilution. Okay. We don't love that. We don't love that. All right, what else we got? AIXI. And by the way, this is set so there's a minimum of 600,000 shares on this, which is good. What do we got for AIXI? How we doing on the news? Okay, NASA compliance pressure. Okay, I I don't I don't love those. What's market cap?

Market Cap's 159,000. We're gonna leave this one alone. Seems like a scam. Next one. Thanks, Aaron. Estab, we saw that yesterday at three. I think it's at five right now. Just keep this screen up because I'm just going to look through these. One sec. No, we don't like that. SGX SGX is what's orbs conell.

Huh? SSM. What's is the Sono group? Yeah, that's not so exciting. SGX. Let me see for SGX for you guys. This is all the stuff we play around. We play around in the dirt before the real market starts. Um, SGX139 to $162. Uh, market cap is 2.6 million. What I always want to look for with these is what were they doing the day before.

Okay, this the only thing that interests me about this one right now is the volume yesterday was 300,000. Everything's been under a million. Now it's 10.7 million, 5.5 million. Okay. And I don't see the news. Um, so let me see if I can find the news real quick. STRX stock news rebrand strategy changed his name in September.

AI pivot high volatility high stakes rebrands. I don't think there's really any movers we want to touch today. You guys agree with that? We have 14 minutes till jobs numbers. Q's trading up 746, but they're going to move. They're going to move in 13 minutes.

I feel like I feel like you know what? You know what's changed? You know what's changed over the last week? When I when I first came out, I was getting used to this. I was like, "Oh my god, I still got an hour and 40 minutes left to speak." Now it's like nice, I still have an hour and 40 minutes left. And at the end I was like, oh, this is almost over. Now, now I'm like, oh man, it's almost over. Although it is supposed to be a nice day today. I do have a tea time at 12:30. I haven't played golf in weeks, so that's going to be interesting.

Interesting. Um, yeah, 14 minutes till the cues come out. What else are you guys watching? Barb ACN that we talked about yesterday had a great move. Uh now trading around 210. So there we go. Thanks, man. Appreciate you. Uh what else we got? Big names were ACN, Micron.

Um let's check in on FICO. That that had that move from 800 down to 600. MX. That's one of my longest holders. Sorry. Um I thought it was No, I put in XP. I didn't know anything. Come on. MX 300. Going to be a great Friday hanging with you guys. Yep.

Absolutely. Nike needs Nelson Peltz 100. slow you. It's true, Daniel. Yeah, I gotta take it slow. I was in a really good group. You know what I'm at right now, just real quick for anyone who golfs, I I shot a bunch of rounds in the 80s, midsummer, and my index got down to a 12 and then literally I lost everything and started shooting like high 90s and but I still have that 12 index. So, it's a it's a bad combination. Like, I know anytime I play I'm going to lose money. Um but but yes, I will slow it. That's that's going to be my only thought for the day. So I appreciate that. Uh anyone have levels they want to share in micron? I think the key psychological level will be 200 uh if it races through there and then it could it could run for a high. I actually had um my mom call me and she's like can you help your nephew? Uh he's in a high school stock market game and he said all his friends are talking about Micron. Do you know anything about that? I'm like mom I mean do you watch my new show? because all I did was talk

about Micron yesterday for like 30 minutes. And so I called my nephew, we went over it and uh they owning their game and he asked me a very tough question. He said, "Do you think it's going to go higher?" And I had to think about that because, you know, it's up 5x this year. It had earnings. Goldman said it was near the top. But I think as a long-term consideration for Micron, my answer was I think there's more room to the upside than downside. like maybe it goes down a couple hundred points, but maybe it goes up another thousand. So, yeah, that was my take. But I I also was trying to he was asking me for uh stocks in his game, right? And it's almost easier when there's no pressure.

You're not thinking about it as money. You're thinking of it as a game. What's going to win the game? How can you get the best stock in the game? And and I and I gotta I gotta be honest, having used Muse, having seen the way it's different than um Grock or Chat GBT, which and I subscribe. I use ChatgBT every day. Um I just realized I'm paying for the other one, too. Um what's the other one that's better for work?

Um what are the different AIs we could use? really different AIS. Claude. Yeah, I paid for Claude. I have I have Chat GBT Gro. Um, and I got to say Muse is just different. It's operating in a little bit different way. It's organizing. It's very organization focused and just constantly trying to help you with your day and reminders and stuff like that. And whenever I see something different that I think could be really usable, it's exciting. And and I I see I'm I'm saying I'm saying 16 months meta 1000.

All right. Table Muse Claude Kimmy 3. We'll see. Um, okay. All right. Kimi is good. I haven't heard. Yeah, Muse is really good for Agentic. I will say this, and I think this is important as we discuss the strategy for the day.

Um, and we'll have Mark Patrino on in a couple minutes, and he's a CMT, so he could give us a full breakdown. I love working with CMTs. Do you guys know what CMTs are? By the way, chartered market technicians. Um, I had a guy who was a student of mine, one of my first students, Christian Thorp, great guy. Uh, and I taught him how to trade and he just wanted to keep going and he became a stock market coach and he started doing all these things with me and he said, "I want to get my CMT license." And um it took like a year or more and um he had to go through a lot of training, different tests. How many CMTs are there?

Um so there's 4500 active professional members and 2500 active charter holders spanning 137 countries. So, what's 4500 divided by uh 100 million? No, by two billion.

So, it's not even 1%. CMTS barely exists. And what they do is they're excellent chart readers um and and really really good at that. So, I'm excited to speak to Mark. Spent three years with Mark in the Benzinga trading school. He knows his levels. Can you please share your day trading strategy? How did you decide to buy Micron and kept buying it? So, good question, Harry. When it comes to Micron yesterday, you know what you're looking for is what I was looking for was the stock to finally choose a direction in the morning. Notice my first trade in Micron wasn't until 12:30 because it's just too hard. We watched it in the morning and it went from 10:50 to 1070 to 10:30 and it was jumping five six points at a time around the 11 12:00 area. Sometimes these stocks tend to pick a direction on an earnings play. Either we're going to keep pushing up towards our highs or down towards our lows. And Micron

started to come off its lows. So the first call I bought was the 1060 probably when it was at like 1040 something because it was looks like it was starting to push up and then once it got to like 1070 now it's like okay I made money in this I want to buy more but I don't want to risk $15 in the call I own so I'm if it's if it's going to keep going because it's a $1,000 stock so it could push 20 30 points then I'll buy a higher one and then so I bought the uh 1100 kept pushing higher I want take some profit off the table. So, I sold that and bought the 1120. Um, and that was pretty much the strategy. The the nice thing about options when you're trading them is if you want to take risk off the table, you could you could just buy another further out of the money stock, but it's going to be cheaper because it's further out of the money and your risk is now less. Now, in order for that to pan out, it has to keep going. So, those are really good for momentum trades. Does that make sense?

Yeah. Verse one that MU once it's out of those early intraday levels set up pretty nicely the market followed through. Yeah. Yeah. Okay. Awesome. So that does that help Harry YTC does that help? Yeah. And by the way guys on the on the YouTube channel for those of you the YouTube channel I think we're doing a good job. Um I saw the views were really good but the the likes were like 98. We needed two more for 100. So, please don't forget to hit that like button because I need to get over 100 today if I do a good job. If I don't, hit the hate button. Um, let's see. I'm just looking what else there is.

Okay. Did you use EMAs? No. All right. Okay. You guys ready? You ready for our first guest, Mark Petrino to come on? And I think he could share his screen. You ready to learn about charts and everything else? Let's do it. Use the bumper. Use the bumper, Aaron. We need a bumper.

What's up, Mark? How you doing? >> Good. How are you? >> I'm good, thank you. So, uh, so you were in the Benzinga trading school. I heard you mention that. >> No, they said they they said you they were in the Benzinga. Someone in the audience said they >> Okay. >> Yeah. I can't see your head. >> Anyway, let me just What's that? >> Yeah, I can't see your head. I see the Yukon hat, but >> All right. How can I share here?

Um, okay. I am sharing. >> There we go. All right. So, um, >> so I was talking about, >> yeah, I was talking about CMT. Um, I worked with CMT for years and I used to have him come on at the beginning of every call just to give us an overall like where could we go upside down side on the market and I found it to be incredibly helpful and my trading's actually been worse without him in my life. So, I'm happy to have you on. >> Yeah, when I got mine, it was a long time ago. I I don't even think there were 200 of us or so, but they uh and back then it used to take three years to get, but they do teach a lot of stuff that I I disagree with. Like they teach like GAN theory and Elliot wave and Fibonacci and you know, and then then they had this well-known guy, I forget his name, uh he's written a bunch of books. He did his big analysis on the head and shoulders pattern and he uses computer to find you know all these head and shoulders patterns and he came up with the conclusion that the head and shoulders pattern is not a valid pattern

but the guy is completely wrong. A head and shoulders pattern is a reversal pattern. If something is going along sideways and it looks like a head and shoulders pattern, it's not because a head and shoulders pattern displays dynamics that occur when a market rally is ending. So this is what really what you want to look for. And these patterns are really really rare like in terms of textbook patterns. But when a market's going up, you get this a lot. You get sellers remorse. People sell and the price goes down and they think they made a good move and then the price goes higher and they regret selling and they say, "Okay, if I can, I'm going to buy my shares back at the same price." So when that stops happening, it's a characteristic of a market being at a top. So when what was the left shoulder does not become support, that's warning sign one. Warning sign two is the right shoulder forms at a lower level than the head, which is a lower high. It shows that the sellers are getting more aggressive. They're willing to sell at lower prices. So, you're not going to

find these patterns. Um, but like I said, they're very rare, but if you understand the dynamics, see, this is the problem with most technical analysts. They just try to identify patterns, but they don't understand what it is that the pattern illustrates. So, that's why most of them are unsuccessful. Right? So if the leadership is changing in a market from bulls to bears or vice versa, the price action could show up on the chart as something that looks like a reversal pattern. So anyway, going to the market now. This is our tech sector, which is basically the only thing that's really kind of holding the market up here. Um, let's see here.

>> Markctor Mark, we have the jobs number coming out right now. So, I just think we should I want to just uh get the number. I like I want to go through all this, but I just want to see the jobs number. >> Uh it's it's gonna hit right now for anyone watching. Uh September jobs report. Let's see. Here we go. >> 29. >> 29,000. >> So, what were they expecting? They're expecting 90,000.

Uh, so let's see. I don't think the market's doing much on I don't even think it moved the market. Uh, what does it say? All right. So, we were supposed to add between 50 and 80,000 jobs. Massive miss relative to expectations. Um, so, okay. So that that's actually not going to hurt hurt us with interest rates.

Okay. So, uh there we go. All right. So, market Yeah. market trending a little higher on the news, but not a not a big deal, but I didn't want to in case it was >> Yeah. Um so not notice here how the technology sector is at a resistance level right so people remember this is remorse this is psychology people buy back here and the price goes down and a lot of them tell themselves I shouldn't have done that if I get out at break even I will so that's why we hit resistance at former resistance levels it's a very common thing but that's at like a kind of a crucial juncture and so are the financials right Now look at what's been going on with the financials. So if the financials break this support here, potential support, resistance levels can become support because people who sold back here are

going to be trying to buy back here, then the S&P will probably break this support and then we get some kind of a correction. I mean, I don't think we're going to have like a market crash. I get asked every day like, when's the market going to crash? When's this AI bubble gonna burst? things like that happen when most people aren't expecting it. When people are embarrassed, there's money on the sidelines. That's where the old saying, the market climbs a wall of worry comes from. It's when people get euphoric and really happy and you go out to dinner and your waiter is giving you stock tips. That's your, you know, that's that's when you're at the market top. And I don't think we're we're close to being there. Um, but as but I I I do kind of expect a little bit of a correction because at some point the market's not going to be able to shake off this these interest rate. Uh, so here's our 10-year yield. Oh, look at that. Coming down a little bit. Now, people ask me all the time like, how is it possible that there's a resistance level for an interest rate? See how we

got up to five and we stalled out for, I don't know, like two weeks. Well, the interest rate is just the inverse of the bond. So if we go and we invert this and we look at the chart of the bond, you can see that just like any security you get support at former support levels because of people who sold going to buy their in this case the same price they sold them at. So it's really important to understand how much of this is psychology. People come into it thinking it's like math or chess but it's not because math and chess are logical.

People are not logical. This is the market here. You know the market is people, right? So, the same stuff that used to go on down here back in the old days goes on now, but it just goes on in the electronic markets in terms of the the bluffing and the, you know, trying to read the market and read the crowd. Trading is about reading the crowd. It's not about math or chess because if it was, someone would have figured it out by now. The best traders that I've ever known, they don't really, you know, they focus on the psychology of this stuff here. So, anyway, let's look take a quick look at the rest of these sectors here. So, financials look pretty precarious.

But that doesn't mean they can't turn around. Just as a trader, we want to be reactionaries, right? It's very dangerous thing for a trader to have an opinion because it's going to it's going to alter the way that you think and you look at things. Makes you subject to confirmation bias. So here's our healthc care sector. Looks kind of weak, right? Um then we'll take a look at our consumer stocks. Oh, speaking of consumer discretionary, man, I'm getting that Elon Musk has been pushing. I don't know if you guys have seen it, but basically he claims to have figured out a cure for dementia. And uh it's really cool. You should watch this video. He it was on 60 Minutes. And basically what happens is what happened is when astronauts go up into space, when they come back, they're they they don't test as well. They get like a little bit of brain fog or whatever. So Elon was wondering why that happened with his astronauts, but it doesn't

happen with the NASA astronauts. So he used his data or big data or AI or whatever. And because of Doge, all these records that got released, he went and he found out that back in 1978, NASA figured this thing out where give this supplement to their astrobrain stay clearer. So basically what he is saying is that dementia comes from microlastics in the brain and that's why we've had such a big pickup in it after 1950s when plastics were started to be really used a lot. So anyway I was actually looking at it here before. Not that I'm endorsed well I I don't know if I can endorse it.

I'm not getting paid or anything but anyway this is yes. So I figure Elon Musk is he's smart enough to invent well not that he invented but he's smart enough to make electric cars and put people in space. So anyway, so the so according to him, the only stuff that is is in this is different like plant extracts. So anyway, little side little side there for you guys. >> Is that is that his does he have that company? Did he start that company? >> Uh well, I'm not quite sure, but um [snorts] he I know I don't know if he started it, but he definitely has something to to do with it. And basically when he was on 60 Minutes he talked about how big big pharma keeps big pharma has literally like threatened him. He's like talked to CEOs that have threatened him because it even says in the NASA reports when they invented this stuff it's it said that they weren't going to release it because the pharmaceutical industry basically didn't want them to. So there are billions and billions of dollars in pharmaceutical

and then think about it. I mean I don't know if anyone has known anyone who has suffered from Alzheimer's. I'm sure a lot of people have uh out there. I know >> yeah my uncle had it. Um oh gosh it was horrible. But um but you know they push these medications on them that they know they don't work but they still give him the medications anyway, right? I mean it's just it's crazy. Like one Elon said that one of the popular ones, I think it's called like aerosept or something. I'm not quite sure. It has a 1% success rate.

1%. And yet you go to the doctor and you got dementia. He's going to tell you, "Oh man, you should take this." You know, sorry about that. A little aside, but I tend to go on on these rants. Um, all right. Anyway, just something to think about. The reason why that came to my mind is because this sector consumer discretionary is a big part of Amazon and Tesla are about 40% of this thing. So anyway, let's while we're talking about Elon, let's take a look at Tesla.

My neighbor got a Tesla. We went we went and played golf a couple weeks ago and the thing just drove us there all by itself. It was pretty it's a little freaky at first, but um now you can see a lot of >> What's that? >> I was in a Whimo. That's even freaker. There's no driver. Yeah. >> Where was that? >> In uh Austin. >> They have them. >> Yeah. >> They should like a mannequin there or something, you know? So, >> well, the craziest thing was there's like a homeless guy walking in the middle of the road and I was like, "Oh my god." Cuz there was the car was driving and there's a homeless guy, but it stopped in the middle of the street and let him go. I was like, [laughter] "That was scary."

>> Oh man, it's funny. Anyway, again, whatever chart we look at, whatever security is, and I think to me, this is one of the best things about being a technical trader is you could trade anything. I mean, you any security that has decent liquidity that's a real company, you don't even need to know what it is. You can use it to trade commodities, currencies, they all follow these same kind of things because regardless of who's doing the trading, the people people have the same emotions. So, if we look here, Tesla ran into this resistance right at a former top. There's an old saying in the market, sell at former tops. People who bought back here are going to sell here because they can finally get out at break even. If we look at this chart and we go back to the 1800s and we look at the S&P, guess what? We see the same patterns.

Now, it took longer for stuff to play out, but charts are a graphical illustration of people's psychology. And just like in Tesla, we got instead at a former resistance level. Back in the early 1900s, we got resistance at former resistance. We get support at former support. So, if this chart wasn't labeled and I said, "Oh, check out this new quantum computer stock or whatever. Check out this cryptocurrency chart." It would be indistinguishable, right, if it wasn't labeled. So, it just I like to show people this because it just really reemphasizes how important it is to understand the psychology of what of the market. I mean, the market's an auction market. If you've ever been to an auction, you know, if there's a lot of people there that want to buy whatever they're selling, they're going to bid the price up, right? If no one goes to buy it, whoever wants to sell it is going to start reducing their price. So, it's the same thing in the markets here. All right. So, anyway, let's go look at the communication services sector.

All righty. >> By the way, I just ordered that Vapo Sept. [laughter and gasps] >> I'll tell you, man, you should watch the video of >> I'm getting it tomorrow. >> Yeah. Yeah. Yeah. Watch the video of of you. >> I'm leaving the business. I'm just I mean, I think it would be so much easier to sell supplements than trading. But yeah, well, you know, I guess so. But uh I I mean I don't know. I mean, I just think Elon Musk is just, you know, such a visionary. I mean, most people that are as smart as him are like really far out, but he can actually speak like he's a normal person and so forth. Um >> yeah, >> but anyway, this looks a little bit precarious here. This is our communication services sector. This is where Facebook and Google are. And we're just kind of testing this here. So So let's just kind of think about this, right? If if if the tech sector kind of fails at that resistance, if the financial sector breaks that support,

just breaks support, that's going to set us up for for a move lower. The industrial sector actually broke important support the other day. Um yeah, so you see it rallied back a little bit. Now this is a pretty common thing right when a support level becomes a resistance level because people buy and when the support breaks a lot of the people who bought they regret buying they get buyer remorse and they say if I can get out of this thing at break even I will. So we rally back remorseful buyers plac and sell orders can make what was support become a resistance level. So, if we just keep an eye on these parts of the market, it will help us figure out where the broader market's going to go. Now, consumer staples is a small part of the market. It's only about 5%, but sometimes money starts to flow into here before um it's like a flight to safety. Money starts to flow into here or money starts to come out of here. So, this is this is

going to be kind of an interesting this is testing support. And now these sectors are so small that they don't affect the broader market, but it's a good idea to keep an eye on them. This is real estate. This is down a lot because interest rates moving higher. >> Hey Mark, so the QQQ's the Q's just are now trading above 750, which is the highest print they've ever had. H I' I'd really love if you could uh break that down for where it could go on the upside versus downside in terms of how you would analyze this.

>> Well, this is the the NASDAQ 100 is the hundred biggest stocks in the NASDAQ excluding financials. So, there's no financials in here, which is why the financials have been kind of the weakest part of the market and that's why that this has been going higher. But again, you know, this could all turn around. Like I said before, having an opinion is a dangerous thing. And if those levels hold and they start to reverse, this looks like it's on the verge of a breakout trading at 750, which is above this resist. So yeah, the idea with the breakout is we know that at this price level, there's a lot of people that want to sell for whatever reason, right? People the market goes higher, there's not enough supply to fill all the demand. But when we get to resistance, it changes. All of a sudden there's enough sellers the buyers can buy all they want. They don't have to push the price up anymore. Like we talked about people that b out there regret it. They go to sell here to get out of break even. Now if you clear that resistance, you can infer or assume that the sellers who created that resistance have left

the market. Think about being down on the floor. You're in the crowd. There's their sellers. You're a buyer. And all of a sudden all the sellers are gone. Now all of a sudden the buyers start looking at each other thinking like geez I better if someone else is willing to pay a higher price than me that's who the sellers are going to go to. So they increase their bid price the other guy increases their bid price it starts a snowball effect that pushes the price higher. So the market said there's a lot of like kind of interesting critical kind of things going on to watch. So this is the type of situation where I think what happens over the next two or three days is going to tell us what's going to happen over the next two or three weeks. Right? Do we get the reversals in those sectors and the breakout here? If so, I think for the next two or three weeks, we trend higher. But if we fail and that support breaks and financials, then for the next two or three weeks, I think we trend lower.

So, uh, let me just finish up here with these sectors. Here's our utility sector. You know, I mean, obviously looks fairly weak. And then our basic material. This is where the metals are, gold and so this is a very small part of the market as well. It's less than 2% but it's still good to watch it for potential trading ideas. So now even over here it looks like we're breaking support or at least testing support.

All right, let me just look at interest rates and oils and then if people want to I can take some questions if people have things they want me to look at. All right. All right. Yeah, some interest rates are coming off a little bit there, which is which is good, I guess. We'll go take a look at oil here. >> Now, can you does this does technical analysis and and charts work for interest rates or is that too policy driven?

>> No, I mean, if we look at the 10-year B, the 10-year, right? Like I like I said before, it's like it's just all this is is the inverse of of the bond chart. So if I go to chart, that's the chart of the bond. And you can just see like the same stuff we were just talking about in the industrial sector. People who bought bonds here regret it when the price breaks and they go to sell to get out at break even, just like we saw in the industrial sector, right? You can see right up here resistance at a former resistance level.

People who bought bonds here are going to sell to get out of here. So yeah, it's kind of amazing. Like a lot of people think that, you know, it's it's I guess it's both, right? It's policy and it's the market. Like it's a chicken and the egg type thing. But it's like it's amazing to think that interest rates are set by just a bunch of people like in the old days down in the pit out bidding each other so forth and so on. I mean look at look at this level right here. So what was a resistance level became a support level. people sell and at first they think they made the right move when the price goes lower but when it goes higher a lot of them say you know I shouldn't that if I can buy my bonds back at the same price I now if we go and we look at currency let's look at the dollar index and the dollar or the currency markets are way bigger than the stock market and you see the same stuff right because it's humans that are doing the trading this is not 95% of what's going on in

currency markets or any market is just people trading. It's not like, hey, you know, I'm going to Japan, so I'm going to use my dollars to buy yen. That's a very, very, very small part of it. Most of it is just people trading and people who trade have the same emotions. So, just like the other things we've looked at, support at a former support level, resistance at a former resistance level, any security uh this this works on as long as it's a legitimate security. And I I often I always say if we could see charts of the stuff that the ancient Romans traded or the Phoenetians or whoever the Greeks, we'd probably see these exact same patterns because people have haven't changed. Um candlestick charting started in the 1500s. Japanese Japanese Japanese rice farmers. Now, for example, this is kind of an interesting thing here to talk about. If a market's moving higher, it's out of equilibrium. There's more demand than supply. There's more

shares to be bought than there are for sale. When the market's moving lower, the market's out of equilibrium. There's more shares for sale than there are to be bought, or in this case, dollars. When you get a little day like this where the open and the close are very similar to each other, it shows that the market is kind of getting into equilibrium. Now, if something is shifting from being out of equilibrium in one direction to being out of equilibrium in the other direction, there's going to be a time where is in equilibrium, right? It's like a seessaw goes back and forth. So, when you see a little a day like this, which is kind of a meaningless day after a trend up or down, it could mean something. If the market's going sideways, well, you know the market's in equilibrium. So, if you see this pattern, it's kind of meaningless. So, this doesn't really tell you anything because the market was going sideways. But this here tells you the market has returned to equilibrium and we may be about to shift in the other direction. Kind of the same thing as up there. So, a big part about reading charts is understanding where

the pattern is, right? Like I talked before about the head and shoulders pattern. It's a reversal pattern. It has to come at the end of a trend. If a market's going sideways and it looks like a head and shoulders pattern, well, it's not one. And talking about traditional technical analysis, I don't really talk about triple tops and double tops too much. And the reason why is this because according to traditional way technical analysis works for the double top here to be you have to wait for the neckline to be broken.

So this would be your classic double top here. Neckline gets broken. But look at the move that you missed lower, right? I mean that's a big move. Now what I hope my students would have seen is all right we got to resistance on this day here. It became pretty obvious that the tide had turned if the red team had taken over. So, I would have hoped that we took the position up there as opposed to waiting for it to get down there. If you think about it, most double tops or triple tops, they're just combinations of V's or inverted V patterns.

So, yeah, I mean, it's pretty amazing. Any security like we saw those charts from the 1800s. Um, so today, this morning, I was looking at a synopsis. This is I think what I'm going to write about for today in the stock of the day article that I do. And I mean I I don't know this could have this could have a little bit of a ways to go but as we've talked about right resistance at former resistance levels. So back in January 535 was resistance became resistance again in May. Now we got a ways to go but if we get there it could there's a chance this could be really overbought. And if it gets to resistance, overbought stocks that get to resistance tend to sell off. Then I would start thinking about buying puts on it.

In a lot of ways, it's easier to make things go down when they go up. I know that's very, you know, very whatever might be very an interesting point. But markets go down faster than they go up because people sell based on fear and people buy based on hope and fear is a much more prominent emotion. So support at a former support level, resistance at former resistance. Yeah. So pretty interesting. Well, look how far back this this level goes all the way back to B first became important pretty much five years ago and it's been kind of important this support level since.

But um All right. Well, if people want to give me some questions or take a look at some stuff, I we would be happy to. Yeah, let's get the questions going in. I I have to say, Mark, though, I did based on the audience telling me that they said the Elon Vaple thing was a deep fake and there's no news that he endorsed it. So, I cancel my order until further notice. So, I want everyone to know I'm I'm not a ring yet. [laughter] I need to I need to confirm [snorts] >> I need to see actual Elon.

So, but um >> if it [laughter] >> well if it is a deep fake it's done pretty well because I personally I think you know I hate 60 Minutes but it was on 60 Minutes so that's where I saw it but but you know in these days who the hell knows maybe there's something in it that will allow him to like take control on on was it on 60 Minutes on TV or a a replay? >> No, it was on 60 Minutes. Oh, okay.

>> So, I don't know, man. I guess >> what do you guys want uh Mark to look at? What stocks? >> I guess uh you know, buy or beware. Interesting. I saw someone asked about Marvel. Notice how support resistance and then resistance becomes support, right? People buy here, they regret it when the price goes lower. They go to sell to get out at break even. Price goes lower and then we break. And then people who sold here get seller remorse and they say, "All right, if I can, I'm going to buy my shares back at the same price I sold them at." So, for whatever reason, this is an important price level for this stock. But you know what? I have a meeting today with a guy who's a physical trainer. So, I'll ask him about it and see what he thinks.

>> But, uh, >> yeah. So my chat GBT said that the 60 minutes was a fake segment made [laughter] by AI and there's been numerous complaints and then they don't issue refunds and uh so I am uh I'm withdrawing my vapocept. By the way, do you remember does anyone remember that movie grieve with Jack Black? The vape riser where you spray the dog poop and it disappears. Um that was vape poo. This is making me think of uh meanwhile did anyone buy this Amodo?

It won't apply to technical analysis, but this was on the Benzinga Pro. Actually, it was not on the scanner I use. It was on the Benzinga Pro and um and I bought some when we started this call at 257. It's now 294. So, uh that was great. Buffalo said Mark is the best at breaking down market psychology. Um, okay. Graphs scout AOD. They did have some kind of Bitcoin offering for 50 million shares, but the the the other thing was they could sell the other half at $4.50. So, that was like a big number thrown in there. We'll see. I I think I mean I'm excited for today. I think today is a significant day. The cues are just flying right now. 7:51.

>> Yeah, we're at like a critical Yeah, we're at >> Oh, yeah. We got a good one for you, Mark. [clears throat] >> Yeah. >> Okay, >> we got a good one for you. Nike. Nike getting crushed on earnings. Let us know what. That's [snorts] a good breakdown one. >> I refuse to buy Nike products. But that doesn't mean I wouldn't make money off off their stock if I could. Guess I've >> compromising my morals. >> Um, so what do we got going on here? Yeah, this thing has been like getting pummeled for a long time.

So, let's just take a look to see if we're getting close to an important level. I see I got this line here drawn out. This is about 3340. So, we're pretty much kind of like right there. And that probably goes back to Oh, yeah. Look at that. This goes back a long time, right? [clears throat] So, I you know, I don't know. I mean, that was a long time ago. But when you But this is what we call market memory. Sometimes these price levels can be important for a long time. But one of the things in the trading mindset, the way you got to think is you can't catch the bottom. There's an old saying on Wall Street that the only people at the bottoms and tops are liars, right?

So, it's kind of funny, but you want to wait for it to start moving higher before you you buy it because the idea is if the if it stops moving down and it starts to reverse, then you can kind of infer that the people who push it down, the sellers are gone. They're done. So, once you break that trend and you start to head higher, that's when you jump in and you just kind of accept the fact that you're not going to be able to catch the bottom. And I think a good mindset for people that are trading is really just to focus on the value of your account because people lose perspective. Like I was speaking to a girl a couple weeks ago and she was really upset because she bought a stock at 10 on Monday, she sold it at 11 on Tuesday and on Thursday was at 15. And you know that's a 10% return in one day.

That's a good trade. You can't second guessess yourself if you stick in that mindset of all right my job is to increase the value of my account. It's not to be perfect. I think it makes it much easier to follow your rules and be less susceptible to emotions and psychology and so forth. Um but anyway guys, I got to jump because I got to I gota uh get ready for a nine o'clock call and maybe I'll cancel my Vapo set. [laughter] >> Yeah. But um Yeah, man. >> That was Hey, it was nice meeting you. I look forward to uh I look forward to working with you and uh I guess I'll see you guys all next week.

>> Thanks, Mark. Nice to speak with you. Thanks for [clears throat] the breakdown. Appreciate it. >> Okay. My pleasure. >> All right. All All right. Um it was nice to have Mark on. Uh stocks were good. That Vapo thing I was like when I heard I mean that's gonna sell me if Elon Musk saw the astronauts. I don't know where that how that came up. It kind of came up from nowhere. But like then I was like, "What's it doing?" I'm like, "That makes sense." Like if NASA was using it and government didn't want, I'm like, "Okay, this this is exciting." And then I looked it up. I bought it. And then you guys in the chat were like, "Watch out, there's fakes." So then I looked that up and I'm like, "Oh my god." And I cancel my order. Um, so thank you on that. I I mean today, listen, I usually think for my whole trading career, which is now over 25 years. I know I look younger. Um but over 25 years of trading, I've always said the worst dayto day to trade

is Fridays. Um just because you have the weekend, emotions will settle, things can get overdone. Just I don't know. I just I love Monday through Thursday trading. I don't like f Friday trading. Uh but but but um there's there's something interesting about the fact that the Q's are on the breakout right now.

like that is they are going they are going and they're through a level and there is no psychological resistance ahead of it. Um so I mean we'll see what happens into the open. Uh just to call out some names in terms of where they're at. Nvidia is 235 up over $5. Uh, Meta, Meta, here we go. 726 to 733.

Um, you know, and you guys could call them out. Our SoFi, our first trade together in our portfolio. Um, yeah, we're going to make money in it. I think it's just not going to be exciting because we did a small trade to start, but you know, I think I mean, it's easy when the market's at it highs, but I think everything we've discussed together has done well. Uh, Blackberry is trading at 930. Uh, I was talking to you guys about it at like 860. So, that stock's up 70 cents. SoFi is doing good.

Um, Jonathan said RKT is doing good. That Amod that we came on is is looking to go through three right now. I have a sell order in um in case it pops at 318 for 300 shares of my 800. Uh, if it wants to gap, we'll see. But um yeah, let me you know what? I realized I covered the fast movers. Did I cover what's trending today?

I don't know if I covered the trending for you guys. So, let me take a look at the trending. Apploven's down 4%. Uh Applied Digital up 3%. Nike obviously down 8% on earnings. Rivian up 3%. Western Digital down 7%. Seagate down 11%. Um XRPN ever North Holdings up 19%. What's the volume on that? 100,000 shares traded.

Uh I gold. Thanks. Thank you. Um Nike most active Nike spy. Micron. Oh my. Where's Micron? Oh my god. Ah, now it's 11:10. Should have should have held the calls overnight, I guess. Should have been an overnight call holder. Oh my god.

Good move by Micron. What else we got? Um, Corteva is active. CTVA, never heard of that. 450,000 shares. SpaceX still around the 150. And anything new moving into top gainers? No. But that was a Benzinga Pro call out in this Amod.

You want to make me a believer in Benzinga Pro? You keep giving me stocks that go up like that because that was not on my radar. Aaron and Aaron, if you ever want me to just call you producer or something. Am I allowed to say your name? I've noticed that like, you know, on a lot of the shows that they talk to the producer. Um, so I don't know if you want to remain anonymous or not, but you you put that out on the screen and you made me 500 bucks. Thanks. Where are we thinking the video is headed? Um, I think I think Nvidia is I've owned that for a long time in like a separate account that I don't look at.

Um, and um I don't know. I I I think it's just one of those things that you just hold forever, right? Once you put that into the if you're in it, you just stay in it forever. If you're not in it and you want it to be in it, the only problem is if you want to sell puts to get in, you would have to do a minimum of one contract and it's a $230 stock. But yeah, I mean this is this is going to be a day. This is going to be this is going to be mayhem into the open because this is just an allout market blitz. Like we we could get like some kind I don't even understand it. 753 cues right now. There was seven there was 747 748. So that that employment number really did move the market. Um that really moved the market you guys.

And now we're sitting here like in explosion territory. And there's no end in sight. We're as high as we've ever been. We are as high as we've ever been. [snorts] And I don't know. Yeah, the weak jobs report was what did it for sure. AOT [clears throat] trying to make uh one more power move. I don't think it would be a short squeeze. I don't know how this would be short squeeze when they just they're releasing 50 million shares, but Blackberry pumping to the open.

Let's see the the beaten up sector. APLD is up like a point. Wolf is going to be up like 60 cents. for whatever reason not doing anything. TLT at 7830 didn't move that much. Um I mean I will say and this is just my out loud thought. I don't I don't have proof or anything like that. Um but I I think that uh I think this is a little bit overdone for for the number. Maybe that maybe it was just a massive Maybe it was just a massive miss.

Um let's see how significant was this job number as market is flying. Let's see. Let's get the significance s non-farm payrolls actual 29,000 expected 9,000 the economy created approximately 68,000 fewer jobs than expected reduced fed tightening fears treasury yields are falling investors aren't yes pricing in a severe recession so yeah this is this is not I don't I think they caught people leaning the other Okay.

Um, nui. Uh, all right. All right, Jonathan. I don't know, Brandy. I don't think you wanna I don't know if you want to buy puts into this market. You know, Barb says Qualcomm's trying to think um I don't know.

I think it's I mean this is this is like a power up of see I wish we could trade options. Maybe we can't. Are we allowed to trade options pre market? No. What's it? Let me see. Are we No. Yeah. I wish we could do I think we're soon we're going to be able to trade options premarket. That would have been exciting if we could have traded the options on this. I love the chop. I play the dips and bounces over and over.

I watch it a bit, but it's a bit overdone for sure. A cheap one of it is a lot. What was what was that Brandy? Oh, that's for the market. Jonathan like nu aai. Let's see. I feel like I should take this aim out off my screen soon because I don't want to be distracted by that when there's like real stocks to trade. But and that is the truth. There's real stocks and there's this other stuff. Um, let's see.

Well, not while it's above three. If it's going to be above three, then I'm not going to trade it. Um, we'll see what it does. Robin Hood is introducing options trading at 7:30 in January. Is Robin Hood Did someone say is I have a question. Does anyone on here trade on Robin Hood? Is anyone Is there anyone on here who trades on Robin Hood? Hey, Aaron, flash the flash the movers for a second, too, please. Just one more time. Yeah, that was that was that was good job, Benzinger Pro.

That was good job. Uh, Bigfoot, you're you're in Robin. You guys are in Robin. I have a question number one. So, here are my questions for the people on Robin Hood. Can you trade options on Robin Hood? Yes or no? I assume yes, because they're introducing options at 7:30, but is it like easy to do rolls and stuff like that? Is it a seamless platform? I'm not trying to endorse it or anything. You're on it. It sucks, bro. Yeah, that's my thing. Someone was saying to me last night, if you're if you're paying for trades, why would you just trade free on Robin Hood? And I was like because I think you need a quality of being able to trade, you know. I don't know. It is interesting.

Very basic for the average Joe. By the way, average Joe, you know, Barb, you know, you know how much of a reference that is to me, right? Um, very basic. Okay. All right, I'm going to sell some of this now because I don't want to be distracted and because I made money.

Could go to four, but I could go back down. I got 400 shares. We'll see what happens. I can't believe I [snorts] might sell some of my Blackberry on the open just because I just can't believe how much this market's up. So, look at this. What was We could see what the options prices were yesterday. Market closed at 742. So, honestly, I guess they they were expecting a big move because the 750 calls were 76 cents overnight. Um and so yeah, I mean and the 734 puts were 80 cents. So yeah, they were pricing in a big move on this number.

All right, let's try something fun for the next five minutes. Okay, like just based on Brandy saying our age is slowly scaling up. You guys want to do something fun? All right, here's the fun thing. for the for the next four minutes until 9:15. Whenever you want to talk about a stock, you have to do it in in a way that you know there's a pun. We're going to make this the next four minutes a pun segment. So, as an example, we if we were talking about Nike um you know, Nike whooshed or something like that, right? Something funny. Let's just try to come up with some some fun.

when you're describing these stocks, you have to do it in a way where you incorporate something into it. Like, you know, it made me think of it when they said, uh, RH is slowly scaling up, you know, like home Home Depot is building momentum. You got it? That's the game. I listen to a fantasy football podcast and they have Monday Punday where whenever you talk about the players, you have to do it in a way that's funny. Right. There you go, Nancy. Nike is a shoein. I have a buddy in our poker game who all he does is the puns. He's actually going to be a guest. He's a very good option trader. I'm going to have him on. But yeah, that that's what I'm looking for. Nike is a shoe in good one. Let's go. What else you guys got?

What else you guys got? As we ask about stocks, we'll figure them out. Everyone's sitting here thinking about funds now. K is killing it. All right, [snorts] I got to look at uh the time is now.

Service now up a couple points. Yep. Funny thing is we got to know what all these stocks do. Like Micron, I'm like trying to think like how would I would use it. Bull is playing with the bears recently. There we go. I like that. Thank you for playing, guys. I I appreciate it.

Nike just uh I mean I I will say this. So let's talk about Nike for a second as we get ready for the open. Um from a trader perspective, you're coming into the day and there's a lot of things going on and and you want to make money today. Here's the danger of Nike. Here's the danger of Nike. It is going to be it is going to be um in its own world.

Any stock post earnings on the day after earnings is going to be in [snorts] its own world. Right? So if we know that Nike is in its own world and we have a market that's flying up and we don't want this is the risk of trading Nike today. If you try to buy a dip and maybe it rallies to positive. There's a lot of people short. It could rally. I still might trade it. But you could have a day where the market's up 2%. People are literally talking about what a great day it was in the market and you sat there all day trading Nike, which went lower. And there's nothing that feels worse in trading than being long a stock and having it go down while the whole market is going up.

So when you trade Nike, if you are going to look to be longer today, not only are you risking just not participating in the rally, you are also risking the psychology of finding the one loser in a sea of winners. Um, you know, that said, like we saw what Micron did yesterday. We saw that move from 1020 to 1090. You know, lots of shorts in Nike. Maybe it gets hit on the close on the open. it comes down to 31 and then makes a power move up to 34 and that was the play. But if you're coming in and uh who's long coming in by the way? Do you guys come in flat or you come in long? I'm curious. How do you come in overnight?

You guys come in flat or you come in long as traders? Because if you come in flat, this is this is a little bit of a tough market to trade because we're already up a lot. If you're coming in long now, just the idea of just focusing on managing your profits is probably the way you want to go, right? Flat. Who else? Tell me what Tell me how you come in in the morning. I want to know who comes in flat. Who comes in?

Who comes in long? flat. Flat. So flat is good if you know that's what kind of trader you are and I get it. Um but it makes today a little bit tough. So we got to be patient. We got to just accept that this is you know we're coming in in a market that's it's going to be up. I think for an ideal trading scenario, the best thing we could ask for is, by the way, Nike's new plan is called Pace. So, they're doing the pun thing, too. I just want you to know. Um, if if we get a drop, then I'm going to look for a pop. But I I I mean, not only am I looking for this to be a strong day, which probably means it won't, but um the fact that it's a Friday, probably a little bit slow, it could be an

unusually strong day, you know, with like a powerful Oh, wow. Amod Amod Amod 336. I only have 400 shares left. I love to have my cake and eat it too, but if you're a hog, you can't play for long. Good one, B. Thank you. Yeah, Amod, there we go. 258 buy now. 340.

We're getting that squeeze. We found the right one, Aaron. We did it. We found a good one. We found a good one this morning. Benzinger Pro for the win. That was not on my scanner. By the way, I I receive nothing. I am not I don't get endorsements, but uh Oh, okay. But I appreciate this.

I mean, we should have all just come in, bought 5,000 shares of Amod 258, made five grand, and uh you could have met me at the golf course. Let's go. Well, I don't want to say that I didn't sell any up here. Sell another 100 share.

Just give me one great ball sports almanac, you guys. One gray sports almanac moment. Just give me one day, where I know what happened already. What do we got going on with the stock exchange? New York Giants to ring the opening bell. I think I just saw Carl Banks. All right. Um, Nike 32, Q752.

Um, where's Micro? Nice pop. Joby or ACR? Look at both of you look like either one. Um, Joby Aviation, uh, ACU, Archer Aviation. I mean, those are going to be more news-driven moves. They're not going to move, I don't think, up just because the market does, right, Matt? Um, so I think, yeah, like what we want to participate in today is what can get caught up in this, you know, current Uh, okay.

Amod 350. Who traded that today with me? Who else was an Amod? I mean, I will say I I am learning the early board gets the worm. Sometimes these 8:00 buys 8 to 9, you can just be done for the day. TW Joby for 2029 lottery ticket market pop is based on diesel oil promise. What do you mean the Mitchells?

Tell me more about that, please. The Rob got out way too early on AMA. No, you didn't. If you if you do that for your career, you'll probably be fine. Bar has been pumping Marvel all the morning, but we're holding 27850 into the open. I mean, things we're going to watch on the open are Nike because it's interesting. Um, but like Nike I don't really want to watch, but I'll put it in my scanner for the day. It'll be I want to see if stocks like Uber are looking to participate in this move. They're really not. It's only up 40 cents. Netflix.

So So this It's weird though. Like So let's think about that. [snorts] We're talking about interest rates. We're talking about um oil, but tech is what's exploding right now, right? Russell looking good. SPY good. snips of of almost seven points synopsis. Okay, that's not really a lot though, right? 490 stock, but I guess it is. Oh, okay.

Okay. Let's go. Benzinga, how we doing? How we doing? Seven minutes tomorrow. When's When's Amarie coming on? I'd rather have Amarie come on now or like five minutes after 9:30, but definitely want to talk about the opening bell as we got it. All right, great. Let's bring her on now. See, come on.

>> By the way, what's up, Amory? How are you? >> How are you? Happy Friday. Did you see we were trying to do some puns? I think Buffalo should have said Uber took me for a ride. I was like I was trying to create a pun segment, but um nice to be here with you. >> Good to be here with you. >> Uh thanks for being on the show yesterday. Yeah, we had uh Charlie Moon on and it's weird. >> He was great. >> You guys, >> you guys trade differently, but it was like you were interpreting art in different ways, but both were correct. And like the theme of it was it's not about bottoms and tops. It's about It's about the in between.

>> That's right. >> Yeah. >> That's right. And and the risk management, you know, that's that's the key. It's how you stay alive. >> Yeah. So, I mean, you see these cues right now. We're as high as we've ever been. Certainly exciting, you know, to to have this happening and and it just looks like uh the guard rails are off. Uh the safety nets are gone and there I don't know [clears throat] what could stop us from going higher right now. All resistance is out of the way. You'd think you'd think. Um, and so now we get to see how uh how how it all transpires.

>> Uh, yeah. So, what do what are you thinking into the open? I mean, I I think our best chance to make money. It's always tough to trade a a strong up open, >> right? Um, but I think our best chance would be any kind of dip that gives us a chance to get back in. But I do think we just keep pushing higher. >> I agree on the dip. So remember, if you're looking at that, we've got the strong upward flow. So if you want to trade those cues, you go to the one minute opening formation because it's up above those moving averages that you would want to see.

Your stop might be, I don't know, you might give it a little bit of room here. But as long as we stay above the low of that opening one minute candlestick, you've got upward flows. And you can use Fibonacci um based on the 9:30 candlestick of the cues yesterday to see where it's going to go today. Interestingly enough, >> by the way, did you trade did you trade the jobs number? Because I know you trade futures. for you. >> I don't trade. Those days of uh slinging are are behind me. Um >> Okay.

>> Yeah. My uh capital preservation is my number one goal. And so that's that's really what I focus on. >> So what are Yeah. What's like So are you what's like the duration of the kind of trades you make? >> Well, it really does depend. So, so yesterday I'm trading oil. I waited all day for the dip and into the overnight and then took the trade up into the resistance zone. And so, as long as it stays in the right trajectory, I'm going to let it run. especially if it's got trend and it's done a lot of basing on the bottom and things look good. If it's not set up like that or it's in a rangebased trade, then I'll go peak to trough or trough to peak. So, what I've noticed over the last four trading days is at 1:00, so between 12 and 1, the market

gets into this consolidation mode and then it moves. And that's happened every single day this week. That 1:00 area, we see them come in, start basing in a space, and then they're off to the races in one direction or another. So, I am looking for that same thing. You're right. Friday is normally bullish. My thought is this good news the market is responding to is really bad news.

So if bad news is responded to by an upward flow, the expectation of, hey, listen, we're not going to have a rate increase and we're going to be able to sort of hold this just a little bit more until oil structures come in. That's hope. And you know the old adage, hope in one hand, spit in the other, which one gets full first? we we have that space that we're looking at and I I do believe this sense of hope might be pushing the market to the north which very interestingly from a seasonality perspective between October the 10th to November the 10th is actually the strongest upward flows that we have in any midterm cycle over the last 100 years.

>> Okay. Wow. By the way, that old is that an old I we need to What are What's the bar for it being an old adage? Because I've never come close to hearing hope in one hand spinning. Is that Is that a big one? Who's heard that adage? Yes or no in the chat? Hope in one, spit in the other. >> I gave you the G-rated version. You know, they're out there. >> I got it. Okay. >> Cuz I'm a G-rated girl. I appreciate. Bye. Do you want to share your screen or no? >> You know, I just opened it up on Chrome and it's telling me I have to shut it down. Don't worry.

>> So, if you like, >> if you like, you can take the open on your own and then I'll come back five minutes later and we'll be able to share screens and by then all the numbers will be up. I would have drawn the Fibonacci. We could see that kind of stuff. >> Yeah, let's do that. I think people want to see your screen especially on a day like today. It's going to be important, right? >> Yes. I'll be right back. >> I come back. Okay. Thanks. >> Bye. >> All right. >> All right. So, we got the opening bell coming up in Ryan. We should uh [laughter] Aaron, we Aaron, we should have a a countdown for the opening bell, by the way. We should add that. We need We need to get that so it doesn't surprise us, right? Yeah.

Let's sync to 9:30. There we go. Go. Here we go. We're open. Q's. Let's watch. Let's see what they do. Oh, wow. A popped on the open. All right. Can you take us higher? Let's see what goes on.

Let's see. Nike check in. What's Nike doing? 3240. I'm not going to get involved with it. I'm not going to get involved with it. Micron right down. Wow. Dropped 15 points from pre-open. Q's down a couple points. Did they set us up? Is this a setup? Is this a trap, you guys? Is this a trap? Is this a trap? Did they set us up to walk into the room and buy their bag? We We're not going to do it. Let's watch. Let's see what happens. But Hookham Horns. I love the Hookham Horns retro. Dude, that MU. Look at this. Look at this. Look at this chart. Oh my god.

On the open trap Q's trap. That's why we're all together. We don't fall for it. We haven't bought this. We didn't buy this bag. We are not holding the bag. But this is Would you guys say it's a trap? Yes or no? I got Nike in one hand, not moving. 3250. If anything, I think the first move would be down. Do I want to do anything there? I kind of do.

Let's see. Meta strong. Okay. I can't watch everything. Yeah. Oh, did I just miss it? Oh my god. I just missed it. Oh my god. I said I didn't want to buy Nike long, [snorts] but I will buy it short. >> [clears throat] >> Oh my god. Did you see that move?

Oh my god. I bought the wrong amount. Let's Can't get anything. Let's see. Here goes. Nike totally missed it these options.

Let's see. Total trap unemployment rate is also up. Total trap. Let's see though. Let's see. I don't know. I don't know. Maybe we go down to get up.

We'll see. What's up, Amory? >> Hi. >> All right, we're back. It seems like they're setting us up a little bit. What do you think? Um, what do you mean? >> I mean, market literally just as soon as it opened, just took it went right down. >> Um, well, my expectation is that it was because it's not really moving other than to capture that. Um, gosh, it's been a long time since I've had my office just up there. So, um, uh, it I didn't think the move was real. So, I I thought it was a squeeze event from that space. And so, all of that made me anticipate that it would fade. So, the question is where's it going to fade to?

And that my guess is the pre-market congestion. So, let's let's just do a Fibonacci here and we'll do it. I'll use the cues because you like to trade them. I don't I don't really use the cues to to trade, but I should because there's a lot of opportunity. A lot of opportunity. So, let's do one of my favorite things. I'll take the 9:30 open candle of yesterday and I'm going to draw a Fibonacci on it.

>> All right. >> And take a look at how interesting this is, my darling friends. Look at where this stopped at the 350% retrace. So, you might go, "Well, that's kind of random, girl. What are you saying?" But you can walk it up. You can walk it up and walk it down. Look at where it came into. The low tick on the 8:00 candlestick came into the inside and the low of the candle body of 9:30 of yesterday.

Very algorithmic trading. You can see what algorithms these guys are using over and over and over and over and over again. And so this move up here, where did it come down to? The first pass is the 250, but it's also the VWAP. And so that gives you a shot. So if you're looking at it and you go straight down, remember it's that one minute. You lose that one minute low. You step out of the way. You step out of the way until it breaches the one minute high and recaptures the formation. So that one minute low always tells you you get past that one minute, it's immediately that follow-up candle has to move inside of that one minute and start tracking up or it's going to be a continuation of the reversal. So the short event would be a stop limit, which I love to trade stop

limit um short into the lower edges where it pulls back in into you know this 8:30 candlestick noise which I I think we'll retrace. We've been in a pete bug. I mean take a look at take a look at a 15inute chart over the last several days. We move up, we move down, we move up. We move down, we move up, we move down, we move up, we move down, we move up. There's no trend sitting here and no continuation. And so the big slog is big money saying, you know, let's just run these algos and shred some retail traders and pick up some cash. And I know that sounds devious, but welcome to the world of of big money trading. We're just gonna wash, rinse, repeat. And it's not only they're not going only after the retailer. A guy at Goldman is trying to outman the guy at JP Morgan is trying

to outman the guy at XYZ or somebody at Jane Street, right? It's just uh how can we game the flows and look for these absolutely repeatable patterns? And they are repeatable, Adam. They're so repeatable that I go, "Wow, sometimes you think to yourself, could it really be this repeatable?" And it makes you hesitate, but at the end of the day, it's just wash, rinse, repeat.

>> It's just math, right? Exactly. It's just flow. It's just algorithmic flow. For sure. For sure. >> I mean, I I love that you have I love that you have a process for for it because as I said the first time we spoke, you know, what you do is you eliminate emotion from your training and you sound very at peace with the work. No, that's I am I I I got to tell you, I love this work. I hope I'm able to do this work when I'm 100 years old because mentally it is the most exhilarating and frustrating work at the exact same time.

>> Well, imagine if you took Vapor Rex. Uh, no, I'm just kid. They had um >> Wait, what does that mean? No, they had this. You said mentally it's Mark Le Pressie came on um earlier and he was doing a technical breakdown >> and out of nowhere he just um he just pulled up this like supplement on the screen and started saying how Elon Musk said this really helps your brain and he was buying some >> it's a neutropic. >> It it was out of nowhere and but it sounded really good. So, I was like, "All right, I I'll buy that." You know, and uh and then everyone in the chat started telling me that it's a scam and it's a deep fake video and Elon Musk really didn't endorse it for anything.

So, when you just said mentally makes you I'm like it was just that was from earlier this morning. >> That's funny. You know, neutropics are so big. I don't know what public companies are in neutropics, but >> Well, I could give you a good one actually that I've been in since 14. Actually, since eight. Um, so this is like a this isn't I'm not saying this is a good supplement. I take >> I'm not I was just giving you the stock if you were asking about the stock. >> Yes. That I just want a stock. Yeah. >> So, Prenetics P R it's gone from eight to to now it's 22.

>> So, they make IM8 um and IM8 David Beckham's part owner, the best women's tennis players part owner. So, all the top athletes are always endorsing it. Now they're coming out with like uh one for your gut and stuff like that, but they have the big celebrity angle. Um they used to do something with Bitcoin too, but they got rid of that. But their growth and stuff is good. I' I've just holding the stock since $8. >> Yeah. And I think that's really the way to go after it. You know, there's there's it's I mean, not that regulation does much of anything good in in a lot of spaces, but neutropics are that space where you go, you know, whatever. And you my my thought is listen eat good food get good sleep exercise every day and then make sure you don't have something that is dilitterious in your gut to that's my 50 cent word of the day today Adam in case you were wondering >> winner winner [laughter]

>> to your gut right and you just make sure your gut is is operating properly and you you're you're golden So, >> so what do you like? Uh, I have a question for you about the way you trade. >> Um, >> if your husband comes in, he's like, "Oh, you want to grab lunch?" Are you ever like, "I can't >> can't do it." >> Yeah. He It's very funny. He will look in. It's my office door stone right there. >> Right. >> He'll look in and he'll go and I'll go, "No." [laughter] And he leaves. Yeah. And so, you know, so he is retired now, so he's like, "Yeah, I'm gonna go play a round of golf or I'm gonna XYZ." He's he's he's always thinking about all kinds of things he's going to do. And he always likes for me to come along. Uh mostly because he likes to make jokes that have me at the at the butt of them, which uh gives him a great deal of comedy.

>> Um but yeah, so we like to spend time together. We're very lucky that way after being together for so long. But he'll stick his head in and go, "Yeah, you want to go and I'll go?" "No, I can't. I'm in the middle of something." So, definitely. >> Um Okay. I was just curious about that because you're very like um >> you seem very in control. Uh >> yeah, >> but you you do need to be able to react to your business. >> Yes. sometimes, especially with this market, because I have this idea, listen, this is going to stretch into XYZ, but I don't want to give up more than 50% of this move.

I also don't want to have it come in at 51%, cut me out, and then have it go to the 100% marker. And so, when the market is messy like that, I'll say I can't go. But most of the time I'll go, "Yeah, just let me set up some stops and and uh we'll get after it." >> Yeah. Okay. I mean, but it makes sense because your charts are ever evolving. >> Yes. >> So So you don't know what's going to happen next? You don't. >> Do you trade on your phone ever?

>> Oh goodness. No. I Whoa. That would be a disaster for me. >> Okay. >> I really I would be that would be a disaster. By the way, Amod, which probably not kind of stock you trade, but it was uh it was $2.50 when we started the show at 8 in the morning. I I got out like >> heard the edge of this. >> It's now at 456. >> Yeah, >> I know you don't trade. You don't trade though. I don't >> Sometimes I wish I did, you know, for a morning like that. I discourage it, but um like it sometimes when you're just sitting here at 8 in the morning and you're like, "Oh, this is you literally just see it's just starting to wake up."

Like the volume starts to come in and starts to go. You're like, "All right, whatever." But um yeah, I'm done. I'm done looking at especially once the halts start. I don't want to deal with that. Uh Nike is interesting. What do you think about Nike? What what what's your take on Nike? >> All right. So, >> it's gonna be a big story of the day. Um, by the way, I told everyone not to trade Nike. This is the one stock you don't want to trade in this market, and I'm down $700 in Nike. Um, >> so what was the big news? >> Earnings. Earnings. >> But they're they're at a 52- week low.

>> Um, heavily shorted stock. >> Yeah. >> And just kind of interesting to see how it plays out for the day. The story is interesting for the day. Like I'm getting the feel already that it's going to be one of those things that just makes head fakes back and forth and goes nowhere all day. And if you're buying options premium like I did, like I I tried to buy it, I missed the puts, missed them, and by the time I got them, they literally came down right away. So, >> yeah, you know, my my thought in in something like this post earnings, the the first thing I'm going to look at is, have I broken my pre-market low?

And 5:00 a.m. gave us the pre-market low, the the 5 a.m. candlestick. And so far, we're holding that pre-market low. If I come in to my opening candle formation, let's go back to that one minute. We'll stare it down, right? I come into my one minute candlestick. I look at that pre-market. Uh why do I have 3197 there? I thought that that number Oh, no. I see what I did. Okay. So, what I did was instead of the pre-market low, I said, "All right, where did we build a base from the earnings event? I'm going to use that as my low." And then here it opens up. I'll go to the one minute. Now take a look at where that one minute low is.

It's right in the middle, but then it breaks down, hits that ledge, and now it's trying to move up. But the problem is it's essentially still inside of that one minute candle. So it's no no trade. You don't want to trade there. And it it's the momentum. I think it's exactly what you said. It's going to whip back and forth, move all the way around. Now, if you are contrary to that and you go, hey, I don't believe you, lady. It's moving up because it's got a squeeze action event. It's going to go. This break right here gives you, all right, I'm taking it long. Let's say you buy a call, zero DT call. Um, and I mean me, I would sell a a put, but that's just because I'm a serial option seller. And so, you could take the break right here.

The first spot would be at 3370 and the next one is going to walk up the noise that happened in that pre-market event. So your stop would be the body, the open body of the one minute candle, which is 3264. So you got 90 cents of a stop. But if you're staring down this motion, you're going to see it's going to go into the next shelf, which is right here where it's sitting 334 and then it's just going to be super messy. This is the kind of chart I can't stand to trade. And the reason being is it's sitting inside of the postmarket range and the value event for what happened in the overnight. So what the traders have said is, hey, we got all this slash in between. Uh we try to break below it right down here. We can't seem to break

above it right up here. So it's no man's land. And the last thing that I hate, the thing I hate doing most is babysitting any kind of trade. It drives me insane. My patients cannot take it. I either look at something and go, "Okay, it's going to break down. Let's move out. If it stops and it recovers, I'm out." But if it's sitting inside of this big pocket, no thanks. And then plus I have to tell you I think Nike I've mentioned this on the stream. I think Nike's been tonedeaf for a dozen years and you know what now all of a sudden they're going to go oh yes let's fix things and and that's going to take a hot minute because there's so much competition now. Nike when Nike came aboard there's really they were the only game in town literally and now that that's just not

the case that it's just not the case so if you want to trade it it is opening up upside pressure the question is upside pressure to what >> right and I'll tell you something by the way um this is just educational if anyone wants it one of the best business books I ever read was Shoe Dog and the story >> by Phil Knight. >> Yeah. And how he started Nike from the beginning. >> Yeah. Incredible. I totally agree. Yes. Absolutely phenomenal. >> And what I found what I found the best lesson I took was actually towards the end of the book when they said um you know now that you've made billions of dollars and had all the success, what what do you want? And he just said, "I wish I could do it again."

Because it was all about the people I did it with. It was always about the people for him. Um, and I think that's really important. Like, uh, >> absolutely. >> Who you spend your mornings with. >> Absolutely. >> I enjoy I enjoy spending it with you. I enjoy spending it with this crowd. And >> I know the crowd's great. >> Yeah. And you know what? It was uh it's like they're always so positive. Every time I came on, they were so positive. And and then I came in and there was like a little bit of a culture shock and that's kind of gone away. And now they're back to that just complete positive energy, which is which is really >> Well, and you know what? I have to say that's testimony to you because you were engaging with them. You were as open as you could be with them and you were like, "Hey, let's just make this work together." And really, I I think the audience would certainly agree that it's a testimony to you. You just came in, picked it up, embraced everybody, acknowledged their feelings, and then said, "Hey, let's just get after it."

>> Yeah. >> Which I love. Well, that's what it's all about. Everyone wants the same thing. You want to you want a sense of community. Yeah. >> You want to >> feel like you're focused on the same goal, which is >> making money in the market. Um >> and learning every day. >> Lugo has been very positive today. I appreciate that. Um yeah, absolutely am learning every day. That's that's the beauty of the guest. But I I think there's there's the idea of safety and numbers. >> Yes. >> Uh yeah, I'm out of amod, by the way. I'm I've been out of it since below four. So yeah, I'm not I will not >> I thought it was halted. Did it just come off the halt?

>> Yeah, every five minutes it halts. It's going to be >> Okay. >> But like [snorts] I don't know if you've ever been in You probably don't trade this stuff, but once you start trading these halts, they go both ways. So you you get like a little bit of a downtick. It gets halted. It could open a point lower. >> Oh yeah. >> It's not very fun. Now it's >> Yeah. That's one of the reasons I'm like, "Duh, please. No, I can't deal with it." >> Makes me sweat. >> It is. It is. It is interesting to watch these uh to watch these cues the way they came out. Um but um yeah, I was I was surprised at how strong we were this morning. Micron uh Micron, you know, now below 1100. I don't feel I was mad I didn't come in with calls, but now I'm okay with it. I I do like Meta for the long term. I I do think Meta's I do think Meta is going to make a real secondary move following that 80 point spike. It's in consolidation right now, so it's it's something we have time for. But uh >> so there's a very interesting article

out about why Google and OpenAI are not going to let Meta win this race. >> I don't know if you've seen it. I'll have I'll I'll send it to you via email. >> Yeah. So you can take a look at it. And so there's there's a concerted effort for um the bigger dogs to uh quash a couple of things that might be coming down the pike here. But I found it to be a very interesting very interesting take. I do think Meta's got a lot of legs to I mean they have access to so much data so much data and you know they they could they could make it happen pretty easily.

>> Well, now they have access to more data because I gave them access to all my credit card statements. I gave them access to my email. But uh the >> I remember you said they figured out all kinds of things for your American Express card. Now the reminders are coming in like like let me just tell you something. Um uh oh, oh my god. Uh shoot. My uh my kids I'm on like a family chat.

>> Uhhuh. >> And my daughter was like, "Can someone tell me my Spanish score because there's like a power school, >> right?" and her brother goes, "You might not want to know." >> Oh my god. >> She's [laughter] she's like, "I'm switching out." I'm like, "Oh god." >> Um, so, so this was like my accountant sent me my alt. I invest in alternative investments with Morgan Stanley >> and he said, "I need your K1s to file your taxes." >> Yeah. >> And I asked I asked Muse, I was like, but I I named my Muse Marley. I don't know why they suggested it. So, mine's Marley. I want I I always got to call it Marley now. Um, and I was like, I need all these K1s. And it brings up all the emails where they were sent like spread out during the year. And then it says at later it sent me a reminder later that night like, I saw you sent these four.

Here it is. Did you want to send that one too? And like it's like it's like the perfect suggestions. The other one was like, I saw you suggested a meeting for four. She never responded. Do you want to come out with a different time? Um, >> interesting. So, is it an extra fee to get that level of engagement? >> No, it's just extra access. I gave him access to my email and then and then it kind of stops on any prompt where it needs a password to get in and you decide if you want to give them access. >> Gotcha.

>> Yeah. Um, but it's I think it's revolutionary. So, I don't know if it'll be stopped. >> Yeah. >> I don't know if it'll be stopped. Um, yeah. I mean, what else we >> I think we're going to fade today. Just just me. Um, only because it's what we've done every day this week. We've reversed the overnight move. Whatever the move was, we reversed it eventually and we've got some overnight motion to reverse >> currently. So I I suspect if we take a look at the cues, we can see that we are still dancing in that space, right? We still have that that 30 minute opening range candle, but my my gut says that when we move, when bad news gives us an upward press, the market

just simply digests. And that's going to be mean reversion in general. This is my thought. Now, when am I going to be wrong? If we break that pre-market high, bets are off. It's going to continue to rally to the north. But as long as it doesn't, it ends up building some sort of topping formation that we can see right here. This structure that says, "Hey, I'm moving up, but it can't stay up. So, I'm battling here. And now I've got this next batch. And if I lose this ledge, then I'm going to collapse into the next level of support. That's that's just the way I trade. So, I will look for the here's the first test. It's got upward moving average because that's the VWAP.

It's got that upper flow. So, I'm not going to short it there. So, I'll watch for the bounce. And if my momentum stays lower, well, there you have it. I have that downward flow for my momentum and I can't break higher. And so that tells me my spikes to the top going to give me shorting action and then I'm going to rotate into deeper areas of support. That's just my gut. Now, it could turn around. What we want to do is watch one o'clock, 12:30, one o'clock. It starts shifting. then we can go okay maybe this is where I buy the dip right if meta comes in and you go hey you know what I maybe I'll do butterfly maybe I'll do a xyz because literally we are coming into the most powerful 30 days that this midterm structure from a seasonality perspective has so if we get weakness there it's a signal for things that

could unwind in the future. And so this next 30 days would be a pretty nice base for price action to continue to the upside. That's my closing take. >> So the the powerful 30 is because of the election. >> Well, um I have a a a friend who has built some technology that uber smart guy. Uber uber smart guy. He's talked to the guys in the background at Benzinga, but it's called Tradewave. And what they do, he's got a hundred years of data sitting on all these racks, >> okay?

>> Literally every tick through time. And he's measuring what happens during midterm cycles. And you can see folks like Ryan Dietrich and and those kinds of guys that always talk about, hey, listen, if this happens into a midterm a year from now, prices are normally higher by x many%. Those those guys that, you know, always are permables because they manage portfolios and they don't want you to pull your money out. So, and I mean, I'm not trying to be nasty. Did that sound snarky? I I don't mean to be snarky. It's just a it's just a pattern of business. if you run portfolios, you don't want people to take their money to cash because that affects your numbers. So, in any case, they talk a lot about midterms, but what he does is dig much deeper. Okay, yes, midterm cycle is up, but where is it actually up? And it turns out that right at the end of September into uh the beginning of July is are usually the

strongest peaks. But when we have overhangs like we have here, like rising interest rates, um oil pressures, inflation pressure, that sort of stuff, we have a tendency to have this compression of where the price action moves. And so this first 30 days that we're looking at for the month of October, traditionally bullish, is exceptionally bullish for midterm cycles. So, I'm going to be looking to buy dips over the next 10 days and let them stretch out for the next 20 and then um then I'm going to put the brakes on because I do not have any idea what's going to come after the election.

>> Right. So, you're not going to buy today because it hasn't dipped yet. But if we were to sell off and go negative, then you'd become a buyer. >> Yes. >> Yeah. Okay, that makes sense. I love that you listen process. Do you have a plan? >> Exactly. >> And like and listen, plans can change based on volatility and stuff like that, but it it puts you in a good position and it allows you to not to feel like allows you to be on a show like this and not feel like, oh my god, I'm missing I'm missing like >> Yeah. Exactly. Exactly. And I'm okay, you know, I wasn't in the beginning, which led me to be sort of a a cocker spananiel running after squirrel every single day. And so what I learned to do is just be comfortable with the fact that I I missed it. Hey, you miss it.

The market's a buffet. You just wait until lobster comes around again and then you grab yourself some. Right. You don't want green bean and grape jelly sandwiches on white bread. >> I love peanut butter and jelly sandwiches. >> I said green beans. >> I know. I'm telling [laughter] you. It made me think of peanut butter jelly. >> I love peanut butter and jelly. Peanut butter and jelly. I know. I'm a big fan. So good. >> I know. It's just kind of that oldfashioned comfort food. >> Sometimes I hear things, Amarie. You know, one time someone told me to take a a hot yoga class.

>> I don't know if anyone's ever done that, but um it's like over 100 degrees in the room. It's brutal. >> And like people are just like they're not naked, but I didn't belong there. And and I'm also not flexible. And I went in the room and it was so hot and we're doing these stretches and like I was just like sweating and I think the teacher I what I heard her say was, "Oh, you know, after this is over, you have a nice glass of orange juice." And I might have been like hallucinating because we finished the stretch and I just stood up and I went to the door and I turned around and everybody was looking at me and she's like, "Yes." I was like, "Didn't you say we're go we should go get orange shoes now?" She's like, "No, no, no. But that would be another class.

We'd really appreciate it if you could join us. And I had like a fight or flight. Like part of me wanted to just run out and be like giving them the finger and be like, I'm out of here. >> But uh instead I came back and I finished it, but I never I never went again. Um so peanut butter and honey, they have that at a special place near me, which is really good. Peanut butter honey is also that's like a that's like a treat. Couple stocks I just want to mention real quick because people ask about them while we're talking. TTD. I I what I want to talk about trade desk and I just want to throw that into a bunch of other stocks that just aren't in play right now. Like they're not going to move on the news and that's not the stuff like you're those are going to be now news driven rallies. Like when the market's up like it is today. Yeah.

Like you have >> you know cues now market's up one and a half percent. You don't want to be in a stock that's down. that that's gonna be you're waiting for news to bail you out. Same thing with an Uber, you know, down on the day. Uber's down on the day. >> Yeah, >> Netflix is probably gonna be down. Yep. Netflix is down 30 cents. So, pay attention to that because you're not in the right place. And if you're looking for stocks that are down when the market's up one and a half percent, then you're waiting for news.

>> You're not waiting for a momentum. >> Great takeaway, right? >> Great takeaway. Yes. So, I think that's just important like when they mention that. And the other one is Lulu. It's going to be down. It is. I'm I know this before I even look them up. Lulu's down 34 cents because if you're if you're gravitating towards a name that's not up, that's so frustrating. And and you just got to pay attention to where the trend is um and you want to be in trades if you're bullish that you know if the market goes, they're going to go.

>> Yeah. Um because there's nothing more frustrating than being like having everyone celebrate a great day in the market, seeing the people on the floor at the closing bell, everyone's cheering and you're like, "How am I the loser that's in all the wrong names? How am I There's nothing worse than being down on an upday." No worse. >> Yeah, for sure. >> I don't know. >> For sure. >> Uh >> time flies when we're together. It's already 10 o'clock. >> I know. Doc said it's nice to add on weakness on conviction stocks. Well, you just got to be careful though, Zach.

Right. I agree with you. I agree [snorts] with you, but you don't really want to add on weakness. I like I'd rather see it like a a trade I did really well a couple years ago was Corez Z off of Cororeweave. Like I had a really strong bias on Corz that um that it was trading at $7 and it's its value was like 14. Um so I was like I feel very comfortable buying at the seven, but I didn't keep buying at seven. I started buying 8 n 10 once I was once it started going my way.

>> So you don't buy more at the bottom. You buy more once it turns and starts going. Yeah. Um >> also great advice. >> That was uh all right. Yeah. That's that's two plus hours in the morning. We're over 10 o'clock. Uh but uh Barb, so do I. Amory, I'll see you next week. I'm sure a couple times. >> Well, we'll see each other on Monday. I'll be in Japan at the end of the week. So um we may see each other on Friday. I just have to figure out if I'm over the jet lag. But I will talk to Aaron >> Friday. I'm actually gonna be traveling. So I could do the show, but I'm gonna do it from an iPad. I won't have a microphone or any stuff. I'll be like you in a hotel. Um so Aaron, I will need help on Friday for sure.

>> Um next week, uh but other than that, uh yeah, let's let's have a good day. I'm going to play golf at 12:30, so >> Oh, have fun. >> Thank you. Thank you. >> Um and uh awesome, guys. Great show, everyone. Do me a favor. Let's get I want to look later. I want to see the likes over 100 today. We got to 98 yesterday and uh we should be over 100 3,500 views, which was nice. Going to keep watching that. I was I was on television for years. Um and uh and at my peak, my finale of a show I was on got to 30 million. Uh when I had my name in the title of my show, it was doing 14 15 million. Um, but now you know if we get to 10,000 online for a financial show, I'll be very very happy because that's a much more sophisticated audience.

>> So, >> yeah, for sure. >> Enjoy your travels. Thank you. >> Enjoy Japan. >> See you next week. >> And uh, yeah, you guys clap up. Great audience. Great morning for everybody. And uh, keep it going. I'll see you guys later. Bye.