Episode Summary:

No more steel tariffs: X, CLF, NUE, HOG
EV deliveries for October: NIO, XPEV, LI
Roblox Down All Weekend RBLX

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Guests:

Tim Quast, Founder/CEO, ModernIR and Market Structure Edge 35:00

https://www.marketstructureedge.com

Meet The Hosts:

Dennis Dick

Twitter:https://twitter.com/TripleDTrader

Spencer Israel

Twitter: https://twitter.com/sjisrael

Joel Elconin

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https://www.premarketprep.com/

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Unedited Transcript:

I think everybody happy Monday. We're back. Let's do this thing

coming to you live from downtown Detroit. This has been zingers pre-market prep with your host Joel Kahn. And this is a vowel tile puppy here. Isn't it. And Dennis stick, I've been in the penny. I will buy the stock for a pen. Everything that you need to start your trading day.

good morning, everybody. Happy Monday. Welcome to pre-market preps, Spencer Israel, Joel Kahn, and Dennis Dick is here. He'll be with us in just a minute. We got. A whole weekend of things to talk about. I want to talk about steel stocks today. Cause that seems to be the macro headline of the day. I want to talk about roadblocks.

We got a couple of Evie delivery numbers to report from August to talk about. We got Tim Quast on the show today, 8 35 from market structure, edge. Looking forward to that as always, we got questions from our chat. We got charts. We got this, we got that. Joel, speaking of charts, where are your charts? But actually before we get to those charts, tell me how I need to know how many trick-or-treaters you got yesterday under, under, under what.

Under the amount of candy that we bought. Okay. Fair enough. Uh, I would say between 30 and 40, uh, about five o'clock. I went into like double handful mode and, uh, Lisa got pretty upset. We're not going to have enough candy. And, uh, it turned out that we have leftover candy. So no, it was a good Halloween and it's a good day for the markets.

Uh, the buyers were looking in the after hours. They were lurking at that 6:00 PM. Open we're up 18 handles in 46, 15 are crude after a flat week. That's up 36 cents at 83 93 gold in the green by three 50 at 17 87 40. Uh, silver. This is called flat here 2393 Bitcoin down a tad, but holding 60 K tested that a couple of times last week down 600 bucks, 62,410.

The Ethereum futures after making that new all-time high. Oh no, not all time. High, new high for the move on a Friday, that's down to $73 and 50 cents. 43, 76 in a quarter. A good morning, God, triple D. And, uh, how was, how was the trick or treating for your. Uh, I was pretty good. It was a first time in our, uh, well rental house.

So we did this whole subdivision there. The kids liked it. We had a few kids cause we're in a subdivision where on our other place, it's not as much of a subdivision, so we don't usually get any kids. So I have maybe 40 50 kids, which was quite a few nice. The boys started handing out candy and then it got interesting because he's handout med falls and I'm like, okay, you got to slow it down too.

So actually we had got to words where they were still coming at seven 30 and he had to go into his own stash giving away that candy. So, you know, you learn the hard way, right? So you're giving up too much candy. Oh, now you got to go into your own staff and start giving out candy economics last central banking lesson to be learned here.

I think so dip into your own stash stash. We used to do back in the old days when you ran out of. Oh, no. Is this going to be a good store?

oh boy. Wouldn't do that. All tie that much. There was no way he was handing out the candy. One thing, the boy going to hand out money. I remember going trick or treating and there'd be like this one house. And they'd give you a penny for every, they'd say how old you are. If you 70, you got seven pennies in that fewer, you know, this may be dating ourselves here.

Joel, when pennies were actually eliminate Canada, but yeah. And then, you know, the kids would start figuring that out. Then they'd start lying about the age of 25. Oh, you're too old for trick or treat anything at all. So, uh, I know my one friend gave out Play-Doh, which is a pretty cool, uh, you know, interesting thing.

We'll tubs, the Play-Doh so lots of interesting things out there, or trick or treating DMS trick or treat and Joel, uh, I mean, we did, it's been a while with the kids. I tell you I missed it when it was like nice weather, but when it was like raining, no, it seems like it's always raining on Halloween. It's like three Halloweens in a row here was raining here too.

Just not crazy, but just enough to annoy you, but it seems it didn't rain all day. And then it started sprinkling just, you know, through the Halloween. So it just seems like it's enough to annoy you. All right, let's go to the markets. Let's go to the markets and start with what I perceive to be the macro headline of the day, which is it was over the weekend.

The us and the EU agreed to, uh, pause tariffs that have been in place since the Trump administration on steel and aluminum. So you're seeing steel stocks go higher. You're seeing a Harley Davidson. They are celebrating this headline at the, uh, hog headquarters, uh, this morning. And they sent out a statement that we're like, this is amazing.

Explain to us. Okay. Why Harley Davidson benefits from the lifting of steel tariffs? Well, they've been paying higher prices for steel that they're making, not so much steel, but aluminum. I aluminum, I would gather. Yeah, I do see the rally. So I'm not going to challenge you. The stock is rallying significantly this morning.

It's just not the first thing I would think of. Oh, you know, steel tariffs being lifted. Let's buy Harley Davidson. Definitely not the first dock. I would've thought of, but not going to argue with the pre-market action hog trading up substantially up 8.4, 4% of the premium. I don't know, is this kickstart, this dog, Joel and hog has definitely been a dog over the course of the last eight months down from 50 to 36.

What are you saying on the church? Well, I'm just saying what's going to happen at 40 bucks. I mean, it's just a huge area of interest here with the stock up eight and a half percent up $3. I don't know when the last time it's moved three dot long. It had a big spike a couple of days ago, but man, if the buyers cannot get this thing over 40 and hold 40.

Good for them. It's going to 41. I just look at all this apartment. Go on, hold 40. It's going to 41. That's not , I'm just, it's just, yeah. There's nothing in there. And it's just a big level. So I got to imagine, I don't know if he, if he can openness high. I mean, how much volume is it straight at 71. K, it's going to have to change volume for hog.

At this time of day, you have to chew through the 37 38 39 salaries. And I bet you there's a boatload at 40. So number of the day 40, use it as you will. Yeah. So also watching steel stocks, obviously, right? Acts Nucor, Cleveland cliffs, watching those tickers. I mean, X got kick-started with their report. You know, we know they had a blowout report and make it so much money.

We said, even on the show on Friday, down on the bottom line, they almost made as much as Amazon. That was from a spinner saying that it was accurate, which is crazy on the bottom. I mean, the steel stocks have been cheap for a while, but they are cyclical. So you have to consider that, that this might be as good as it gets right now.

And there's going to be times where they're not making nearly as much money. So let's do X, you know, X taking off. I do own the new core NUE. Um, and you do see X falling through a little bit here this morning. Mt. Is trading up obviously over in Europe, big steel company over in Europe. And then I believe I sold my Cleveland cliffs.

I debt. So the only one I have left as a new car, I sold the Cleveland clubs. Cause it got back up to that resistance again, Joel, I mean, it's been an, a range 20 to 26 has been the range. And I was like, well, you know what? It does that in three days too much too fast comes back down to 20 two-ish I probably even 23, maybe, maybe a reload.

So you're 24, 30 up a little bit here this morning. But if it was to come in more, I'd probably reload, but this is the type of market. When you get the 10, 12% gain or. Yeah, I have to take it. I mean, yeah, we're making all time highs, but there's so many other stocks that are not making new all-time highs.

And you know, it's been a market what's been led by mega caps obviously, but it's also been led by technology, but now there's sectors. It's, it's been a lot of chops. So you gotta take the money while you got it. And I'm looking at steel dynamics too, that Joel's got up on the screen. Right? All these charts move.

Huge, huge move. If you go back, like look at the monthly, right? Yeah. Yeah. 55 to 66. I mean, these are big moves. So I don't know. I don't want to chase in this environment. I mean, it's paid to chase and tech stocks maybe, but still it's, it's, it's been a tough environment to chase, even though we're at all time highs.

There's so many stocks that are not even close to all time. That's true. That's true now for rotation that keeps us strong. We know that in technology, you know, it's just, you can't beat it. I mean, all of this growth tech stocks are back in favor of the Kathy stocks for the most part are back in favor. Um, you know, not saying Kathy's back, but I'll tell you right now, when you look at the air K K Churchill and bring this up, cause this is a very good indicator.

If you don't like Kathy, it's a very good indicator for growth tech. Cause she buys everything growth and you look at this and what do I see on this chart? I see a little bit of a reverse hadn't shoulders on ERK. K, not saying I'm a big pattern trader, but I can see, you know, like you start breaking out and get above that 1 25 charts.

You don't like why I choose to align? I just do it on a monthly. I just, um, I just drew a line. There's two monthly highs here, a little bit above there. I knew you were a ballpark in it, but I was just, I was just looking, I mean, it's, to me it's a little closer to 1 26 because the August and September I, 26 and a quarter 26 32, your current high is 24 45.

But man, you get through that 26 30 area and next monthly highs, it's not up to 31 55. So that's what I'm focused. I mean, 25 is close, but 26 30. That's the real number. Uh, and I'm just looking at the Atlanta. We've had a lot, obviously Kathy's had a tough eight months. Stock's gone nowhere. It's still significantly off the highs, but we've been in consolidation for awhile.

And if growth. Uh, benefits from maybe this November, December rally, which I think could happen. You know, I just don't see why not, you know, like we've shrugged off so many concerns. I, I, I just think we're going to go into ramp it up mode into the end of the year. You want to probably be more aggressive.

So why not be in growth tech? That's probably going to move. Crypto's looking a lot healthier. I mean, we got Bitcoin up near the highs. Um, you know, maybe not today, you know, but you know, what does Bitcoin do? And Dan, I never even looked to be honest. Uh, there don't you listen to the top of the show you're down now.

I was actually running around I actually, and if you're asking me what the shirts, some people maybe comment on the shirts, the same shirt. Friday's show it is coincidental. It actually did get washed through that. But the second thing was I realized, wait, you know what that is? I do that too, though. I didn't wear this shirt for three consecutive days.

No, I'll do that. I'll I'll wear a shirt, wash it. And then it's the first year that I wear again. So yeah, I liked it. I believe you, Dennis. Yeah, it actually did get washed. So I haven't been just been wearing the same shirt for three days straight. I'm wearing the same hairdo for three days straight, but I haven't been wearing the same shirt, but there was an issue here.

So I actually went upstairs is why I was late for the show. So this is where I'm getting from my miss the top of the show, because I realized at the last minute I was like, oh my goodness, I'm wearing the same shirt again. And somebody will comment on that. So I go upstairs. Well, anyways, what happened in the middle of the night to wake us all up, um, was, um, there's a top shelf above our closet that collapsed in the middle of the night and the rental.

So father-in-law put it up. We'll say that it actually, I was considering was, did I put that up and then don't know, uh, my father-in-law put up pretty good job, but he put it up. But anyways, I was not good enough in this case, maybe we put too much weight on it, but that collapsed and it was the very top shelf in the closet.

So then that knocked down the clothes hanger where all my shirts hanging that's collapsed too. So I went up there to change my shirt. I looked at the debacle of what the bedroom closet was and I was like, I'll go with the same shirt. So anyways, nobody got hurt. It's all good. Maybe a few things got broken where's tangent of the week.

Oh no. I thought it was a bad, I don't know how it went from.

no one has more, no one has more house adventures than Dennis. I know the house got a new story every day. I'm never going to get that other house built. I don't think either. So we're still framing. We're trying to lower steel prices. We've already paid for all the steel. So it's too late for that. Now, Joel, the steel's in the house.

So the lumber is pretty much bought too. So we're at a point now where we're just getting dinged on the higher labor costs, which I get. I buy everything at the worst possible prices. So don't follow me on how it's building growing 1 0 1. I did not rate them on the chat. Do you want me to buy you a stud finder?

I think so on that closet, maybe. Okay. Uh, Hey, I want to real quick can on some, uh, uh, Evie socks, cause we get their delivery numbers every month. Uh, the bottom line here, uh, X, P E V X pond, their deliveries, uh, were, were good. They delivered, uh, for the second month in a row, more than 10,000 cars, Neos was not good.

Neos was the way they deliver it, about 3,600 cars. And I told her what she was actually down to thought. That was good. No, that's down for them 27% year over year. Uh, and then we also, uh, li uh, auto, uh, their deliveries also came in a little bit light compared to the prior month. So, um, but Neo is the big one here.

Cause because, uh, again, year over year decline in deliveries for a company making, you know, delivering 3000 cars, you know, Uh, yeah, you want to see exponential growth? They're not a year over year decline. P V X, P X is going to be higher because their deliveries were at least comparable, um, and near an all time high for them.

Uh, Neo and li uh, not so much. So I just want to make one quick suggestion for you. You should look up stitch fix in. Maybe sign up for it. You're bringing us back on the tangent to you like the tangent or you wouldn't have brought us back there. We're just going to do one of these days. We're just going to do an all tangent show where we don't follow any of the script.

Not that we ever had, but they've tried to give us a script. You know, not that I ever look at it. Mitch tries hard to keep us in line. We're going to do an all tangent show where we just do tangents and deliveries delivered. Doris Mitch in the background has the messed up. Mike, the smart. I have no idea what's going on.

He's spoken. I was like, who's speaking right now. It's dark Mitch in the background. So we're focused on delivery. So no more attainable, this delivery doesn't even matter. All these other ones. It's all about tell the Tesla. I mean you thousand, not even joking at this point in time. I mean, look at this thing.

It's up 30, $40 every day. I said it again on Friday. I'm like to my buddy there we're training. All right, you should just buy Tesla because you know, it's going to be up like 30, 40 points on Monday. That's just what it shocks for. No reason whatsoever. It just goes up 30 points on Monday Tesla. When it's making new all time, highs begets new all time highs.

There's some stocks that don't break out. Well, Tesla is not one of those stocks when it starts breaking out, it goes and goes and goes. And if you were playing this breakout from like eight 70 or 8,000, let's say 800. You were up. This is just incredible, but you were up 40% in 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, and 14 training sessions.

You have 40% Tesla with one of the biggest market caps in the. It's a 40% on basically no news or was, this is their news and their Spencer's. We had a, like a reasonable headline to really be driving tests up 40% in 14 days, the news was a God who had trillion dollars. That was the night. It was the Hertz is really what it was.

The Hertz kickstart. Yeah. That's what really kick-started is that Hertz bought some cards. Bankrupt Hertz bought a hundred thousand cars and they can't stop buying Tesla cents, but that's the way this market works. We know Mitch Darth mentioned the background's all about. Tesla story is still hot. Still intact.

Valuation never has mattered ever. It probably won't matter tomorrow either. So if you're shorting this or trading this evaluation, you're doing an absolute backwards and stocks and making new all-time highs. You absolutely cannot be short, no matter how much you don't like the company. Correct. Cause they had earnings on the 20th.

So you, so you can say that jump started as well. But yeah, the, the news is that it's going up and then that big it's like a self-fulfilling prophecy just going up. This just hurts. Kick-started this was Hertz. And we know we can see the gap up from the chair. Okay. Maybe 800. It was 900 when hurts came on, but I mean, you've got the a hundred point pop.

And now it is a short squeeze there, anybody who's short, this thing is like for sure, but there's just there's this people want to own this company. All the I, so I will say so since February, we even waiting to see February was when all the stocks that were hot, came back down to earth, and now we've been waiting since then to see, okay, who is there going to be?

There's going to be another one. At least that will come back and maybe challenged Tesla in a way. Um, is that going to be lucid because we're reaching the point now in lucid motors, where, where we're basically in hold onto your hat mode right now, because this thing is going parabolic right now. Is this going to be, we haven't seen this.

We haven't seen any EVs dot go parabolic since February, January, right at the latest. Um, so now what's happening here. Is Lucy going to be. That challenger is there. There's the other UV stock. Some of the newer players are working to right now. The lithium stocks are really exploding too. I mean, Joel, we have, you still have your lthr the whole thing.

The whole, you never sold a share. I sold more. I sold half. I bought 50% more. When you did that show, you bought my shares. Good job, Joel. I mean, that's breaking out this E V trade is fully on right now. And I don't know when it's going to co-op a Tesla is obviously the driver, but you see lithium breaking out new highs.

Lac is another one I own that. I own both of these breaking out new highs, Fisker, even which I own Fisker is trying to break out here at Juul. It's starting to look a little bit healthier. Obviously some of these other players like loose that have been leading the charge there to fully, fully intended on that one and QS.

Quantum scape exploding. What about ride is right? I pulled it up. I pulled it up. I didn't let him mention it now. You know what though? Hey, it's got a lot of consolidation here around $5. Now, if you want to take a shot, could you pop to six or seven? I think you could. I don't have any, it's been a, it's been the dog of the group.

It remains a dog of the group, but could have popped a six or seven. Maybe. I, what are your thoughts on ride? The consolidation? Is there, you know, where you stop yourself out? The lower, the move 4 64. It's a little bit of a, you know, cause $5 stocks. It's like 12, 13% stop loss, which isn't that great. But at least you've consolidated.

I mean, there may be easier money Tesla who goes up every day, but eventually you're going to have the one concern here is, is that Tesla is definitely entering over bought territory. So are you going to get a a hundred point pullback and Tesla? One of these days, he kind of already did three days ago.

And when it went from 10 94 down to 1001 and what'd they do, they just they're buying it again. The next day. So I'm not sure where the Tesla bandwagon, but Tesla continues to make new highs. You got to think the other Evie trades are going to follow suit.

What's that doing nothing? You're consolidate not going down anymore. That's a good thing. Both about both of them is they both have a lottery appeal. They do. They both have budget in the options. I bet you there's. Some people buying calls and some of these things too, they do have a lottery appeal, maybe.

Yeah. I haven't looked at open interest on any of those things, but I'm thinking there's always some lottery appeal to those stocks. So I know, oh, you're going to say, cause like, so lucid and quantum scape are kind of the two that are getting are moving the most right now. Um, you know, I, I know Fisker, I guess a little bit, but you know, I know you're going to save it lucid.

We don't chase it up here, but, um, Is there a setup at all? You know, like where would you loose it? Where would you stop yourself out? I think you'd have to stop yourself out of the 35, 43 from yes. From Friday, I think. But the problem is the stock's wild. So it could come down like 35, stop here and then start rip-roaring again.

So sometimes, you know, sometimes just playing the momentum, you know, maybe you do something like that, but do you want to chase it up three, four bucks? I don't like chasing, so I know it's a 12 right now. Nicola just hit 12. I haven't looked at the Nicola. We're looking at the ditches when we're looking Nicola and ride, but you know, they don't look bad.

These charts have consolidated. They, if they, if the Tesla continues, I think eventually ride Nicola will catch a bit too. It depends on. So Tesla turns around, starts getting spanked. It'll pull the whole levy sector. All these stocks are just being led and they're showing life in the last couple of days because of Tesla.

So Tesla is trying is leading the charge here again. There's the pun, uh, leading the charge here. I don't know if there's a catch-up trade Nicola ride, work horse, but there, you know, you've got, you've got yourself an out, at least I think this is a really interesting candle for lucid, right? Or what you have going on today because you made a new high for the move.

Right? You got a little overextended. You had salaries come in, your sellers took it down and now all of a sudden it, Ooh, wow. That's a lot of volume now. 6.6 mil, is that right? I'm not looking at that. Right. That's true. It's crazy. That's a lot of items. It's huge volume right now. I would just say on this one, if you don't get through that 40, 50 or.

I don't know if I'd want to, I don't want to, if I want to belong because you got a lot of people got caught here. Oh, it's going to 42. It's going to 43 is going to 45. It's going to 50. And then they pulled the rug out. And now all of these people that got stuck here, you know, let's say since noon, right around noon, you know, these 38 to 36 buyers, they're scratching their head on the close and then boom.

Now you got this. So keep an eye on, I mean, the pre-market eyes right under, they're under 40 and a half 40, 46. So if you really want to say, you know, to keep going, I just, you know, you, the red candle, the pullback, we'll see what happens at 46. Yep. This has been your, your, your wild child and the trade is still fully on though.

And it's leading it. It's leading the market here. So keep an eye on Tesla. If you're trading any of these stocks, loose it too. Like, I know people can say lucid leads, but Tesla will lead as well. So keep an eye. As long as Tesla stays healthy, these Evie trades probably still stay healthy. Okay. I want to move on to row two, a roadblocks here because, um, it's sort of nothing to do all weekend.

This was a story of the weekend is that roadblocks was down basically all weekend. It wasn't more than two days. It was like, since it appears to care. No, I mean, it's what I'm saying. It doesn't seem to care. Um, I think I suspect maybe it's because mostly kids are on roadblocks and not, not adults, but I mean, roadblocks is a $50 billion company.

Can you just imagine, I mean, it's more than Twitter. Can you imagine if Twitter was down for three whole days? I mean, Kind of crazy, right. To think about anyway, this doc is not reacting. The market doesn't care at all, but I found this to be a very interesting, I didn't even see it, get that much press over the weekend.

So I had never even heard about it, to be honest with you. I point. Yeah. So I find that a very interesting phenomenon here. There you have this huge company, a huge platform down for three days. Yeah, nobody really cares. I don't know this store. I don't know if I, I, part of me wants to get behind it and we have traded it a couple of times, but I it's, I don't know if the story is just getting started.

If the story has already happened. That's where I'm, I'm mixed on RBLs so I don't have any opinion out of here. I mean, it's in the middle of the 85 area. Couldn't eventually see a hundred. But because the story cool off it could as well. So I don't think there's easy money in roadblocks here. Joel thoughts.

Ah, I do in this 50% here, cause that was the, you know, the part of the move. It traded way up to 90 and traded through that. And it's been consolidating trading above and below this area. So, you know, two bucks away holds this 82 50. I like it. You got to assume this is going to go back and work its way towards 90.

I want to get real excited about it trading and triple digits again, until it takes out the para monthly highs from August and September, between 90, 43 and 90 95. So I know roadblocks is like tangentially related to, uh, to the metaverse. So this begs the question. If, if you're in the metaverse any chronic crashes, do you die?

Like how does that work? Because this is this like a matrix situation where you're where you, if you die in the matrix, you die in real life because we just saw robots come down for three days. Are you w what happens to you if you're in, if you're in there, when it crashes, are you just in the suspended and the nation?

Don't ask me and Joel questions about the metaverse. We don't know anything about that. We live in, we live in the universe, the real world here. I don't live in the metaverse. I don't understand the metaverse. I don't get the metaverse. I guess the gaming aspect, I can appreciate it to a certain extent, but this, you know, even getting into with it, the virtual homes and people paying millions of dollars.

Cause they can go sit in their virtual home. I honestly it's. I just don't get it. But is there are, you know, trades off of this? Absolutely. I mean, it's the hot thing. I mean, Facebook's changed their name to Metta. So all of these little AR companies probably going to benefit from it and there's a pile of them.

I know V our eyes won Barrett. Which is no. Wow. Oh, it's up near the highs. Look at it. It's new. It's new hot, not all time highs, but new, like every week highs, the stock's been in the gutter, but I don't think it's coincidence, but showing life, you know, in the last few days, With, you know, a lot of talk about the metaverse, but you know, VRI was a bear.

Remember barons had that, you know, like two years ago we've mentioned it and then barons mentioned it. I think barons, I remember this parents taking our stuff and I, you know what, I remember this because I like it. Who someone mentioned it to me. I don't know if it was Jean. I can't remember, but there was a gap.

This was back in 2017. And I said, you know, I'm going to put my order in for the gap fill and it missed it by like a new. And then over the weekend, the barons had their, their right up and it had that pair. But I totally forgot about that stock, but, um, I was mentioning this to Mitch and Spencer. I don't know if you came on, but I was wondering if this, uh, this metaverse thing is like the jump, the shark moment for Facebook.

And, uh, they both said, no, they both said, well, I don't know about you Spencer, but mid said, no, he thinks that this is, this is going to be huge. That, uh, it's going to be really, you know, they're making the change at the right time, Metta versus probably not Joel and I's cup of tea. So I'm gonna use the chat here right now.

Chat, give us your best plays on the metaverse. So give us, you know, there's a lot of people in the chat. The chat is really good at following this stuff. We don't miss that background, but I want to use the chat today. So chat throw on your tickers for the best metaverse plays. Um, no, not saying I'm going to buy it, but if you're a believer in the metaverse, this is going to be the future and we're all going to not live in reality anymore.

We're all going to live in virtual reality. Give us your best metaverse plays. You was one that was given to us from Eddie and it was given to us by Michael pact or on this show. It's one that I royally screwed up because I bought it the day. Michael packer said he loved unity and I took the profit on the swing trade.

And I should not have, because it's making you high. So you, I love you. I would be a pullback on you. We've got a whole pile of metaverse symbols coming at us here. I'll read you a few of them. And then I will defer to my own pick, but, uh, MTTR, Fastly, um, vastly, they got unity, which we just talked about. We just talked about in videos in there.

Why not just get all of them in one fell swoop with the metaverse ETF. It's already a thing. Maybe we should just buy meadow. Yeah. Maybe we should buy meadow at this point. It's basically just a big Tucky DF, but yeah, that's the idea behind it. So why not just throw all your eggs, throw your eggs. We got to go look.

I want to see what's in Metta. I will tell you, I'll tell you right now telling me, please tell me, show me on the screen to show me what. Yeah, because if it's. I wish are you homeless stocks, then you have to consider that if it's all right. I'm not, I'm not sure, but I'm not even sure. I'm a believer in the whole metaverse crates here yet.

But show me what's in there. Here we go. Microsoft roadblocks, Facebook, unity, Autodesk, 10 cent, Amazon Taiwan, semi. I am

exactly what I said. This doesn't look like a nice short, you know, we find, I don't see Veritone in there. Joel. I don't see the one other ones, ETF classic ETF. We're going to make a basket or something. That's not what it should be about. All right. I love, I love the new Mitch voice though. In the background, I'm going to defend.

Because those are just the top holdings. If you, if you go look at the entire holdings which I'm going to download right now, they've got some, some, uh, outliers in there. Is that James Earl Jones in the background? Yes, it is. Um, so, but again, that's the idea, right? Is it's a broad based bet. So I would defer to the ETF for that, but, um, th there's dozens of plays out here for, uh, for dentists or whatever.

Um, we went down one way. We go down to S and P points. Joel's ready to throw in the towel on the portfolio, even though he's the most, he's the, the Mo he, if anybody talks against their book more than Joel, I don't know because Joel Smith bears a long time, but he's not allowed to sell stocks. Thank goodness for Lisa A.

Little bit. Oh, you did. You were able to, you put in the business plan and you were able to get out of some Twitter. That's a good call. I didn't tell her. I didn't tell her. I saw a funny tweet on the weekend. They were given their price targets. I don't know who it was, but they're giving their price targets for like all these asset classes and you can call them asset class, but they had Bitcoin, you know, at like 200,000 they're 20, 22.

And they had Ethereum at 10,000 and they had Microsoft at 500 and Amazon of 5,000. They had Twitter at two. It was all a big on the Twitter. Was that too. So you can tell how much Twitter is loved by the street, right? Or their shallow balances, Dennis, or what are you seeing? We looked in balances and let's go take a look.

They are small and nonexistent, right forward 350,000 to buy my Ford doing pretty good. I'm 17 this morning, these are 73,000 to buy big buy balance and visa here this morning. Maybe it's a little bit of an oversoul plan. Uh, nah, you know what? There's hardly anything really jumping out. So they're mixed.

They're mostly buys, but the biggest one jumping out at me. Uh, I'm, I'm not sure what happened to BTB T at the close on Friday. I don't know if you saw this, Dennis. I was trying to figure that out too. I don't know. Chad know what happened to BTB. It's just exploded four at four o'clock on Friday for no, but was there a headline or something?

It almost looks like a headline, but then it halted actually, and it never reopened. So it got. Hit the limit up limit down and then halted. I'm not even sure. The 14, the quarter print is a good one because I don't see. Yeah, I don't see, I see a 14 and a quarter on my one software, but I'm not even sure that was a good print.

So it's actually showing the clothes. Do you see the clothes at 14 and a quarter? Joel? Yeah, I see the official clothes at 14 and a quarter, but I don't really see that train of 14 a quarter. I got to go look at the tape. I'm going to look at the tape because it's trying to figure it out. I'm going back to Friday's tape.

And if you ever want to look, you go to the consolidated tape and you can go. And I, my, my sound for it keeps three days of all the trades that going by so I can look through and see what's happened for the last three days. I could download if I wanted to know more, but it was 4 million shares to buy and BT because I would, it was a huge bottle.

Oh. So it's a huge buy and balance. I don't follow that stock. So that's why I probably, uh, there was almost 5 million of volume in short squeeze. Oh, that's what it is. It's a short squeeze. I'm going there right now. Oh, yeah, here we go. So 1150 it started taking, uh, at right. So you're right. It's probably bike by and balancing and see, oh yeah, here it is.

Here's the print closing print. Wow. Gap up closing print on NASDAQ 14, the quarter was trading out of the hall. So they halted it limit up at 55 17. So it got halted and he couldn't train more. And that was at 1163. And then the, the gap up close was 14 and a quarter. And immediately after hours, it was trade 12 bucks.

So the only people that were getting that print were people who had the order out there, obviously before the closing print in between 1155, if you were selling it into the hall. And a lot of times these are cells. When these things limit up, limit down halt, sometimes they hold up. Sometimes it's good to get your order out there and get the hell out.

Uh, but BTB T 14 a quarter was the closing print on NASDAQ 3.8 million shares. And then it was immediately back down at. So no idea, but I guess it was a big buy-in balance. I don't know. I balanced it right from the right from the script. It's time for a market structure. Mondays thoughts on all this

Tim Quoss founder and CEO market structure spreads, Tim. Good morning. How was your weekend? Uh, it was fabulous. We were in San Antonio. It was, uh, yeah. So, uh, one of our favorite spots on the planet is the hotel. Emma in San Antonio in what's called the Pearl. Is that the place with the river that goes through it, the river walk the river.

So the river walk is, is several miles long. So, uh, it basically begins in the Pearl district. And then if you walk up the river, that will take you downtown, walk down the river, walk down the river. Yeah. So it's, it's a great, it's a great walk and. The the, the, you know, I'm an evil, rich capitalist, so I can stay there.

But if, you know, if you're used to, if you use market structure edge, you can too. It's just a fabulous place. They're fabulous, fabulous restaurants. There. It is just a lovely spot on the planet. Uh, Dennis, I've looked at houses there. I don't own one. There you go to the Alabama. Uh, we've been to the Alamo many times this time.

I think you forgot. I think you forgot.

That was a joke. Nevermind. Okay. He did not remember that. All right. Moving on. We remembered the Alamo. We know it's like three blocks off the Riverwalk, right at about Navarro. That's where you we've had a couple of days now to digest the, all the big reports from last week, right. Apple, Amazon, Microsoft, all of them.

Right. Um, where are you seeing the broad market sentiment right now? Uh, so I would take those in two pieces. And, and, uh, if you've, if you've talked about this already, I'm sorry, I missed it there. So two things strike me, uh, one with Amazon. And of course I think of the Mar I think of the stock market from a market structure perspective, but that does not mean I'm a nerd too, or ignorant of economic factors.

And so I think it's important if you want to take a long step back to realize that Amazon is a touchstone. For a consumption economy that depends for 70% of GDP from a consumer activity from consumption. And so it should get our attention that Amazon as a touchstone is telling us that there's trouble.

Uh, and I also think from a market structure standpoint, if you think about the size of these firms, Amazon apple, you have to put Microsoft in that mix. That it's very difficult for a market to continue to chug higher. If there are troubles in the largest components and there may not be, I would look at apple a little bit differently than that.

Uh, and I think it's worth comparing. Comparing the, the, to me, the supply demand trends and Amazon and apple and Microsoft, uh, I think that apple and Microsoft are a store. First of all, it's their generational think about this, my entire adult life. Uh, those two stocks have been center points. There was a time when, uh, when my business partner, my mentor, we, you know, we were laying bets because he was a big apple fan.

And, uh, and, and I said, Tim, the fellow's name is Steve Janeka. He was a big, he was, he owned a group of papers. He was a newspaper guy. And, uh, he gave me a start early on when I was a young and ignorant and foolish in my twenties. And he and I became the president and chief operating officer of one of that group of businesses.

And, uh, that, that's how I, that's how I got my, my footing in the business. But, uh, I thought apple would be, would go defunct. We'll look at it. Right. Do you remember the time they were down to about 3% market share? Uh, apple or Microsoft basically had 97% of the market and they were down to supplying a few, you know, like middle schools with, uh, you know, apple to EAs.

And, uh, everybody walked through that door after Steve jobs moved off to go run next. And, uh, what's the maker of toy story, the movies Pixar, and then he had to come back and fix everything. And boy did he, uh, and you have to give kudos to Tim cook for the great job that he has done, but apple has become a product story.

And Microsoft is a services story. One is a group, true SAS company, and one is really banked on products. And clearly the supply chain has hit product makers more than services companies. And you really see that in the market structure for Microsoft versus apple. So I don't know Spencer, if though, if apple is a, is a signal of, of deep trouble to come, it clearly tells us, you know, if there's one, if there's one booming or glaring conclusion that we can draw as a culture in the United States about what has occurred, it is that you can't shut down your account.

You can't do that, that, that the, the magnitude of the disruption is like slamming on the brakes. If you, if you're the head engine in a freight train, that's a mile long, the effect from that, it will take us a long time to unwind that and it's going to hit product companies. And so maybe as traders, we have to think about that.

Tim, can I ask you something? Where, where do you think the market would be? If we didn't have the pen. Uh, well, it's a great question. It's a tough one. It really is. So, so would we be in better or worse shape? Uh, we certainly, and I was, I was reading a string on Twitter and I can't remember the fellow's name because I would love to hear your thoughts, particularly.

I think Spencer, you're the youngest of the lot here. And, uh, and, and it's about how the millennials behave differently. So this, the spirit string begins with saying 30 year olds in the United States right now are the poorest that in, in 70 years they don't have the kind of savings that the people before them have had.

They didn't have the discretionary income that, uh, my generation had. You know, I think about what I was making 25 years. Uh, and what people are making now, you know, I was making a hundred thousand dollars twenty-five years ago when I was a kid. Right. So things have, there's been a huge impact. And, and Joel, this is the interesting thing.

It, and I think the string has some merit that the Robin hood phenomenon, the big point phenomenon, the millennial role was a huge risk taking role, like a casino, like response to an opera, a generational opportunity that the pandemic presented that otherwise would not have happened. So there's, to me, there's no question we would not have had this incredible trading environment without the.

But we also would not have had the immense economic damage that we have seen and that we have the consequences of which we've not yet experienced life. Great answer B the Twitter thread that Tim is referring to. I just put the link in the chat because I also saw that thread over the weekend as well.

So yeah, it, yes, it basically the, the th the take here is that very good for some, not so good for others, and we're still understanding it, but the, the crux of it was like young people are taking inordinate risks and they're okay with that because of the situation that they're in. Is there a Yolo? Is this like just the mentality of the youngest person is.

Hey, you only live once. I'll take a chance here and you know what younger people should take chances. So yes, you're absolutely right. It's one of the famous things that mark Cuban said. Uh, he said, you know, the time to take chances and to roll the dice and to try to do things and to have no fear of failure is when you have no obligation.

Right. When you, you know, when you got houses and cars and kids and wives, you can't do that. You can't go put everything on red 34. Uh, so if you want to do that and I'll look, I'm not knocking it, uh, you know, people who are half my age, I'm not, or more, I'm not, I'm not knocking it at all that, uh, you take chance when an opportunity comes along, you take chances.

But I think it's important for us to understand cause and effect and how that's going to affect our opportunities to trade, uh, because it's had a, an, it, it's one of those things that fits Stein's law. Uh, and I've mentioned this before, so that's perp Stein, father of Ben Stein. Bedstein it goes all the way back to Ferris.

Bueller's day off. Anyone, anyone Bueller? Exactly. So. He said, if something cannot last forever, it will stop. And it sounds like a funny line, but it is a reminder that if there was something that occurred here that cannot be sustained, it's going to stop and there's going to be a consequence and it will be significant.

We know that. Yeah. And you're seeing this in the options market. I just happened to have, uh, seen this data, uh, yesterday from the WSJ. Just about the, forget it, forget stock mark, forget stock equity flows, right? Options flow is really where the game is at, right? Because there's so much more money being made, selling the options flow and the, on the options volume, then they're raised on, on just straight, straight, straight style, vastly more money per contract for a Robin hood or a Schwab or an Ameritrade who sells that order flow.

Plus there's. And, and think about that from the flip side. And we talk with public companies about this all the time. Uh, they, they, they, they pulled their hair out saying, well, why. Doesn't my stock move. And we try to explain that. Well, that's because the trade isn't in your stock, if what I'm trying to do is find a fixed for floating trade, where the fixed component is your equity.

I really don't care. So I go long, short your equity. I just don't want it to move. But when I have five day out of the money puts her calls. I want those to move. And so that the economic. And point is how the derivatives trade, not your equity. And VMware has been a great example of that, uh, leading into this, the big spinoff that just occurred.

So they're trading on that today, by the way, that was completed on the 29th, where, where Michael Dell re reduced his, his ownership of VMware from about 82% to about 40%. And I think VMware has a lot of opportunity because of that. Here you have suddenly, uh, an equity of the size of Lam research, which is a great exposure to the semiconductor equipment industry.

And, uh, VMware is like that for the cloud. I mean, it's a beautiful 80, if know, it's good. It will be 80 to a hundred billion in market cap. And, uh, I think there could be a lot of passive interest in that Dell could struggle. Uh, because they've gotten rid of this beautiful thing. VMware has struggled for a long time.

Maybe now that it's on its own. Like if you look at the last four years, think about what technology companies have done and VM-ware has gone nowhere BMW. So, I mean, you think there could be this, you know, now that it's, you know, not as much under Michael Dell, maybe it says a catch-up trade, maybe I think it could be.

And it's, it's very easy folks to see all of this stuff and Marcus stretcher edge, I'm going to, let's just take a look at that. So I'm going to share this market structure, edge.com and you guys know who you listen to all the time. You can do this for free. If you're not a user already, uh, just do it for a couple of weeks and you can, this is, you know, it's important concept to grasp about supply and demand.

And yes, Dennis, we could see for, I mean, for a solid year, VMware has been effectively 60% short while we say if, if over half of your daily volume is coming from borrowed stock, that a trader does not. Uh, have a position in, at the end of the day, it's very difficult for your price to rise. There are always exceptions to that rule, uh, but it's certainly been true.

And so, uh, we could point this out and say, well, Dell's is half that. And we'll which direction, which is the long side of the trade and which is the short side of the trade. Well, it's, it's not rocket surgery as this goes. And, uh, so if we look here, this is where they are right now at the spinoff. So here's just the last 30 trading days.

And I'm looking at VMware and the demand side is going to be the, this, this aggregation of four reasons people buy and sell and how that affects price is 10 point scale. Uh, and it's peaked and it's coming down because of the spinoff. They, they transferred $12 billion to Dell holders. All right. So that's, it, that's a huge handoff, but it will be out of the way and look at the supply side, short vine way up here at 70% of trading.

Uh, and so when that normalizes, if that normalizes, which I think it will, there's going to be a real shift that occurs. Even if you look here, the S the, the trend line is beginning to flatten, but look how long it has been at, or a higher than 50%. That's, that's a quarter. If I look a full year at this, there, the trend line is flattened.

But look at where it is. It's basically at 55%. Well, it's very difficult for a stock to rise when that's the case. And by the way, traders, if you want to trade options, look for that. You can look for stocks that have 50% short volume or more, and you could put a little pressure on the equity one way or the other, and you can make money in the puts and calls.

Uh, and you know, it's not getting the price. Isn't going to move that much on you. So, uh, and clearly people do, I think hedge funds understand that. So, uh, it's interesting to see, so let's look at Dell. Uh, Dell is, is, uh, and I, again, I think that it, from a supply demand perspective, look at the reversal here.

Why would everybody be long Dell? Well, cause they're getting $12 billion. They're getting $27 a share from VMware. Well, everybody wanted that, but that's a one-time event. And when that's over, what's likely to occur. Well, I think that short volume could normalize in Dell and come down in VMware and that the trade will shift to VMware.

We'll see. But that's, I think it's a very logical conclusion that reflects, uh, a set of characteristics. That's very easy to get. So we'll see. All right here, there's a, there's a nice trade idea from Tim quasi. Founder of market structure edge joins us every Monday market structure, edge.com link on the screen link in description, Tim, always a pleasure, sir.

It's always good to have a good one. All right. Hey, it's 8 51. Let's do some take your time and we'll take some questions from the. Depending on what you are watching here this morning. Uh, there was a couple of more things on my list because, uh, you're getting some movement in the vaccine stocks it's morning Novavax that I have my Madrona had a headline with during, uh, uh, uh, talk down the timeline for when they're going to get FDA approval for their, their vaccine and kids in the U S they said, may, it may not be till next year.

So trading lower on that, and Novavax got approval in India. Those stock is trading well off the pre-market high here now. So, um, couple of headlines I wanted to mention, uh, ticker, L a U R. This is your big loser of the day, but it's not actually down. It's if you see a, a scanner, you might see down a 41%, but actually they're paying a special dividend.

So it's not actually $7 and 1 cents special dividends just to close is $10 and 31 cents. Right? So not actually down, even though the price might be down, the price is lower. The stock, the Mo the value of your, of your shares are, are not really down. So I want to put that out there. Let's go to the chat here.

Uh, BA oh, here's an interesting one from South Africa. How's Lulu lemon doing? I looked at that one for a minute. Yeah. I haven't looked at it for a while either. It's usually up near the highest though. And, oh, look at me low and behold, you know, the strong get stronger. That's just the way it works. Is it eventually a $500 stock?

Why not? So, um, I mean, that's a huge move though. Whole land Friday's move. So you've got to break out here. I'd probably the buyer pullbacks on the other lemon, just for the simple reason is that breakout stocks are working right now. Uh, they report later in earning season, right? Uh, so with, along with the rest of the retail stock, so I don't have anything to say about this one on top of yesterday's range, 4 67 0 4.

That's going to be support now. And that move on Friday was on doubled the volume from Thursday. So a lot of new money coming into the market, perhaps, but keep an eye on the top of yesterday's range, 67 0 4. And if you're worried about give it back some profits, just make sure you keep improving on that old time.

Closing high 4 66 0 1. Okay. A couple of interesting ones here from the chat. Um, Muhammad asked about Farfetch FTCA, which we haven't talked about in a while on this show. This is your, your, uh, European and. African e-commerce play global e-commerce play is what I would say. Not call yourself Farfetch, not in the U S I believe.

Um, how could you easy? You just do it. I don't know. Joel's doesn't like the farfetched ponders that would come at it. I know you're in a consolidation station here. The trend is clearly down in the last three months. We go to the weeklies. The trend is definitely down there too. So stocks and the downturn has never your friend, that being said, if you get up over 40 and start thinking, look 42, then he gets started showing some life, but it's hard to buy stocks and down trends.

When the market is making new all time highs, you want to be buying the stocks that are up trends are getting ready to break out. It's hard for me to just jump on board on forever. But again, if the market starts ripping it continuous to rip, maybe a rising tide lifts, all ships, I'll just go a little fair banya and if you could clear 40, you could clear 42.

I mean, can you get back half of this move when this was at 73, 70 $4, maybe, uh, if you're looking to buy this on a pullback, you had a move from what? 34, 29 to 42, that 17, eight and a half, you know, maybe in the, uh, is that right? Maybe I'll go to my NRG tool. Maybe my math is not working today. All right, right here.

Let's give it up right about halfway back. If you're looking at, if you think this was the move it's off the mat, 38 and a half, this is the area that needs to hold the turn back and take out that $42 area on so many, send me that her O N earnings this morning, and they had a big old report. EPS beat sales, beat guidance, be for the quarter and for the year.

Well, the year was actually in line, but for the quarter, maybe for their Q4 EPS guidance. So are the revenue guidance. So it was a beat, the beat to beat and in wine and stock trading higher as, as it's wants to do, needs to get to 53 63. That's your pre-market high after that, who knows, but longer, it takes to get to that 53 63 little more chance to give some back top of the yesterday's range.

Maybe you can figure it out. I mean, unless it has a big reversal that's down at 48, 22. So when you're looking at PayPal, let's talk at, it goes down every day. Joel, they've not been forgiven for thinking about buying Pinterest and Pinterest has not been forgiven for PayPal thinking about buying Pinterest because both of these stocks continue to break down.

It seems like every single day they don't participate in the rallies. I don't know they're oversold. I don't know what turns them around. They need some type of catalyst turn around. Everybody's scared. PayPal is going to overpay for something. That's why they're hitting that stock clearly see the divergent from square there.

Uh, pens is just, um, you know, after PayPal said we weren't interested, then they had the catch-up trade with snap and Twitter and all social media is just, seems like it's in the gutter right now. Facebook, the only one, maybe not because they've changed themselves to a metal play, but, um, Pinterest, PayPal, all of them in the gut gutter right now.

I don't know. I'm scared of PayPal for the simple reasons that I think they might over pay for something too. So if they're kicking around and they got some money and they want to buy some. Yeah. Obviously the market is scared that they're gonna overpay. This is, uh, this is an interesting one because you talk about where it was, you know, before the rumor came out.

A lot of times, the point of origin is a, uh, you know, a potential support area, but really blasted through the 55 area is where, when the rumors came well, it cut through that like hot knife through butter, and then it actually went through the low of the move. It made a new low of the move. So, I mean, they're getting beyond punish for, uh, for PayPal thinking to buy them.

If you're looking at PayPal here, I mean, DSE, maybe a double bottom, I mean, you know, really, uh, on the dailies, is that close enough? 32 78, 31 71. I don't know. I just think guilty until proven innocent because I don't trust them not to over pay for something too. And if they do or pay for something, I'm going to hammer the stock again.

So, um, eventually maybe people will forgive it and it's still a loves stock, but you're breaking trend too. You've had this herd up trend from 2020, and that is clearly broken now, too. So there's probably easier places for your money. All right. Howard wants to buy an Upwork. Uh, now that it's come off a ways after its earnings report awful, uh, three days for Upwork.

Yeah. So 60 to 40, you got a huge support of 45. So I think it bounces there the first time that's come this far as it going to test, it might, um, if it got down there, I think, I think 45, I think it bounces at 45, but again, you're buying, it seems like the stocks that have disappointed from earning season besides, well, I saw them will come back.

So it's not necessarily true, but after three or four days of, you know, the dust, it seems like they get worse. I mean, my end. You know, that's had a nice day on Friday, but you know, basically got worse for three, four days afterwards, Lockheed Martin. Catch-all another downgrade a day that can't pick itself up Upwork.

It is technology. It is growth. The tech, it is the kind of stock that you would think would benefit if we go into this late, late, late year rally 45, I like the 45 44 better. Uh, is this like a, um, a state of. Upwork all technology could be to a certain extent. I would actually call up work more of like a, uh, I don't know how you, how you'd put this, but more of like a play on the changing workforce dynamics, right?

Because people are job hopping. People are working two, three jobs, you know, not, not necessarily because they have to, right. They're just side hustling and, and they're, you know, or they're quitting, they're quitting their one job taking up to two or three side hospitals, right. To make up for it. I would call this the plan.

Agreed. Yeah. A hundred percent, right. Spencer, Dave, and actually talk about this on their commercials. They talk about how this is the independent worker and how changing of the environment of thinking about the independent worker has changed now. They're, uh, they're viewed as a part of the company, not just third party.

We're just outsourcing. Yeah. Yeah. Uh it's so it's more of a, more of a long-term play on that, but I don't know if I'd call it strictly estate. I wouldn't call it. I love that voice though.

I mentioned new mixer mixer thing is broken. So you sounded like Darth Mitch over there. It is dark match. Yeah. I might call him dearth much forever. James has a good idea. Maybe if he breathes in helium, it'll counteract the deep voice situation. And, um, yeah, that's actually not. Um, yeah. Okay. So it is not a clock here.

Yeah. I'm going over to our pre-market prep and our pre-market prep plus, and I'm going to be joined by our Brent Slava head of the Benzinga pro news desk. And he's going to talk about the morning movers and I preview the week. So, uh, Spencer I'll catch you later on everyone have a great day. All right.

Uh, I just wanted to, before I hopped off as well, see you later, Dennis, uh, give you a preview of the earnings to come because we didn't really talk about earnings today. We had on semi we, we got Trivago this morning. No real big names, no real big names tonight either you've got names like NSPI, uh, Chegg, Clorox, and only not really care about that stuff.

Right. But tomorrow is when their earnings pick up one thing and we've got Pfizer tomorrow morning. We got Underarmour tomorrow morning, Generac Gnoc every time I look at that stock, it is trading higher. Uh, tomorrow morning, tomorrow afternoon, Activision Zillow, which has stopped going. Uh, yes, it did. Okay.

It's not going down. So that was good at Zillow, but, uh, uh, Zillow tomorrow afternoon, uh, activism tomorrow afternoon. Did that stop going down? Yeah, sort of. Okay. Um, later on Wednesday, CVS, uh, Roku skills, Qualcomm, Fastly, uh, big names, Thursday, modernists square, Uber, Airbnb Peloton. Uh, so some cyber screen names, Fort and CloudFlare, and, uh, Friday draft Kings and Coinbase app, um, canopy growth.

Ooh, that's a big one front foot. That's a big day for Friday. Drafting is Coinbase can kind of use those on a Friday, but DraftKings and Coinbase together that should make for a funny, so we've got another big earnings week. Don't forget. Also fed week. Right? Wednesday. We're gone to get a fed statement.

Maybe we, we should maybe take. I don't know if we'll do it at the close today or tomorrow morning or what, but we should definitely take a bet on the show as far as cause we know they're going to announce tapering. Right. We, we know. I mean, I think we know maybe we, maybe we bet about that. Maybe we bet about, um, when they said they're going to start tapering.

Maybe they announced the start date on Wednesday. So that's probably the big event of the week just for markets, right. Is, is, is whatever the fed says, Wednesday, two o'clock and two 30 for the press conference. But, um, so have that on your radar as well. Of course we have a jobs number on Friday as well, first Friday of the month.

Um, yeah. And other than that, Hey, new monthly candles. If that's your thing, take a look at those, uh, start to a new month. We gotten through. The volatility. Remember when October started, everyone was like, oh, October is the big volatile month though. Watch out. Well, we got through that and November is historically a very strong month for markets and that's kind of where we stand we're back at new highs again, who would have fuck it.

Some of us would've found it, not all of us, but some of us w w what if I get, uh, okay. Uh, catch up on the chat. Uh, Bubba, what did I miss that? I know there's a few tickers we didn't get to. I apologize. Um, David Green is going to go live here, uh, in around 20 or so minutes here. And he'll, he'll wive trade from the open.

Um, until 11 o'clock Eastern time. Um, and, and then we'll do Spec's attack. We'll do our Benzing alive. Mid-day show with myself and Aaron Ray. We got, oh, we got like four guests today on the show. Um, moon or boss will be alive at two o'clock that's our, uh, crypto and all coins show. So save the, uh, discussions about sheep for those guys.

Cause they, they actually know things about that. And, and I do not, uh, I'll be back at three 15, uh, without the close with Joel and endorsee and money Mitch at four o'clock and that is the schedule of the day. And oh, what else did I want to mention? Yes, if you are, I'm sure you know this by now, but if you're not in America, if you're overseas, you're, you're up to as their daylight savings and a week before we do it in the U S um, so it's going to be a weird week for, for us, but we'll be back in normal times next week when.

The us does daylight savings time and we can all get sinked up again. So, um, yeah, we're gonna have that works out. Okay. Uh, Hey, where are we on the lakefront? Not enough. We're at 155 on that, right. 282, just, all right. Let's get to like three 50 likes. I'd appreciate that. Thanks to our guest, Tim Quast. You can find more about his platform of going to market structure, edge.com and he is the sponsor of today's show.

Uh, and please remember all the information from our show meant to be used as informational purposes, not for investing or trading or life or medical or any other kind of real world advice. Uh, we're just here. We're just here to have some fun and hopefully drop an a knowledge, not knowledge nugget or two.

If we can, uh, Hey, hope you all had a great weekend. Uh, saw a bunch of great, uh, uh, Halloween costumes on Twitter over the weekend. Uh, if you had to go one tweet at me and asked her Israel, but I've never really been a big Halloween guy myself, but I, I like living vicariously through others. So share with me your cool costumes and, and I will get some joy out of that.

Uh, okay. And I think we're done so, Hey, while you're here, check out bins and go pro pro.benzinga.com free two weeks trial for everyone or credit card. No hassle, no, nothing like that. If you want more than a free two week trial, you want an actual discount. Try the Cody YouTube 20 Y O U T U B E two zero, but we'll get you 20% off.

Any Benzinga pro subscription. WK is asking about my least favorite Halloween candy. Well, WK I'm allergic to peanuts. So that disqualifies me from like half the candy. So I hate all of those because they will literally. So sort of a easy way out of that question, uh, for me, but bullets, bullets, Kit-Kats bullets, Twix, bearish, anything with peanuts for me.

Uh, anyway, Hey, that's a wrap. David Green will be long live and around 15, 20 minutes or so. And, uh, trade the open. Everyone has a good rest of your day. Stay green, stay filled. That's all make some money today and I'll catch you guys later on.

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Advent Week III: There is a Way - Jon Tyson

Church of the City New York

Introduction

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