 Good morning, everyone happy Monday Monday, January 22nd 2024 and it's been a while since I done Led the live stream on a Monday. In fact, I was kind of going back and looking at Mondays not my favorite day to trade mighty nineties and runners So it's kind of like trying to refresh my memory on when Last time I traded on a Monday and led the live stream and goes all the way back to November 27th Actually, it was the last time I traded on a Monday Where I led the live stream So And I also was kind of going back and checking my results on Mondays and not the greatest so I'll probably be a little conservative today. Just being a Monday And I never know what the markets are gonna do after a weekend so Right now the indices have continued to push up after Really strong day Monday or I'm sorry Friday where I just grind it up all day So S&P hit all-time highs Friday Yeah, they're currently up a third of a percent Nasdaq It was really strong Friday. It's up another half percent. So Vicks interestingly enough is it's up just a little bit, but it's been coming down in Over the last Couple hours so just slowly kind of falling Want to see what today brings so try to get a couple these trades in and Call it a day on a Monday. There is the bell Also got to be cognizant of earnings. So that's all gonna be Starting up this week here Next couple weeks will be heavy with earnings First week of February last week of January Tesla has earnings on Wednesday February 1st is a big day for tech earnings Netflix has earnings on On Thursday, no tomorrow That's moral Netflix is tomorrow Last stocks pushing up here Nvidia cracked six hundred Except the 601 Pretty much all futures pushing up Met up one and a half percent Square up a little under four percent Roblox up three and a half Airbnb up two percent DKG up two percent Buy you week again I Do and Bob a man this those stocks have been Punished the last six months So make sure you got a good idea on your position sizing today This strength will be kind of interesting if we get The upside volume runners here the future really pushing up so building on the strength from last week in our second bar here now Microsoft Amazon all kind of flipped there Roku For the close of that first bar Figure there's gotta be a pullback at some point What always amazes me is You know you can go a week or so with Consistent down movement, but it's how quickly the market regains the losses In January started out real rocky man, but it didn't take long to Get everything back Right blockchain got a big volume bar here if you're on a smaller stock for an upside volume runner Snapchat growing another smaller stock When pushing down potential downside volume runner peat on Get some volume. So some smaller stocks Maybe providing some opportunity for some of you So nothing really catching my eye on stocks, you know that are that I would trade again All right, it's got a big bar here When looks like it's gonna get a big volume bar to the downside a lot times when has Wide strikes bid ask wide bid ask. Yeah, really really wide. So I won't be trade win So nothing shaking other than those ones I already mentioned Some of you that like smaller stocks and trade Some of those AMD coming down and AMD in the video have been so strong You figure there's gotta be some people booking profits and selling shares Vicks coming up that morning Ken. Yeah, so I think the antibiotics took my last one today took 10 days worth of antibiotics and so knocked out whatever I Was dealing with in the head cold man. It's Yeah, nice to not have to struggle to talk. It's Your voice is one thing really takes for granted So, oh, yeah, definitely take health for granted Now 178 NASDAQ of 77 S&P up 22. I thought we might see a little pullback today just because of that big push-up on Friday, but hard to have a bias when you There's strength free market and You know, so Just playing things careful on a Monday Yeah, there's the piton. I mentioned that and then riot Just big volume big volume bars, but yeah, it's kind of surprised. I hadn't trade I hadn't traded You know mighty 90 and runners Since November 27th on a Monday, and I think I did it I think I did two Mondays in November and a couple Mondays in October, so it was like Really since October only like four different days on them, you know, four different Mondays trading these strategies, so Now trying to stay strong NASDAQ has pulled back Part of your mindset is just not rushing into things Sometimes you know, it's natural to be like, oh man, I gotta be getting in a trade, you know, it's Letting time go by and not getting in anything. I gotta get in something You know sometimes when you rush and you force that's what Some problems arise. So don't ever don't ever Let yourself feel guilty or feel bad about not getting in something You know to start today. You'll be looking for some mighty 90s here Bar bigger than the previous with clear volume separation and Going in the same direction Roblox kind of looks like it wants to stay strong here. Yeah Vix is up a little over 2% hasn't some moving a lot, but it's Moving up Boeing's had a rough go last couple weeks trying to bounce back at Roblox. I thought I was gonna Push up there But just seeing a lot of stairs stepping down, you know, you take a look at Netflix Amazon Metta just Steer step down Costco that's a stock too. That's just been ripping up over the last couple months Earnings season is gonna be interesting because You know, you had the holidays in there and Lot of stocks are getting up to all-time highs and so It'll be interesting to see if earnings continue to drive Stop prices up or or not There's nothing going on Pete on still trying to still pushing up as well all green and Pete on. Yeah, looks like targets got a little mighty 90 there for sure But I don't know that I'm gonna get in the way of it right now Yeah, I saw Uber kind of the same thing You know mighty 90 long Right there Gonna hold off on those Pete on another big bar That's some Pete futures coming up right to where it's been rejected Let's see if he gets rejected again or not Russell Russell through pre-market highs So yeah, Netflix potential mighty 90 here. There's time we got left about 30 seconds. So if it comes back down Wouldn't be a bad Mighty 90 there we use the 4 DTE Four days to expiration option chain. Well, those are expensive. Oh Moly It's when the Netflix becomes so expensive. Oh, yeah, yeah, that's right. So I'm gonna pass on Netflix But I mean, yeah, that's that's definite What would be nice is if it would push down one more time get down at the bottom Get in down at the bottom of the next candle And then have it right come up But don't know if it'll do that or not Roblox kind of had a mighty 90 short Check that in toss It's a 5% though. So yeah, it's definitely mighty 90 that bars If you ticks away from being go ahead and get short Roblox here Roblox really gotten cheap At the money puts 83 cents so I'm gonna pass on that one So SMP did push through highs of day Yeah, Boeing's already pulled back morning Cosmo. Yeah, Tesla just stair stepping down in volume. I Think this is kind of reminding me why why I'm not usually live on Mondays Zoom little mighty 90 short. I passed on it deox because the puts for an 89 cents But they keep in mind like you don't mean Anybody that's in the live stream like you don't have to pass on it I passed on it because the puts for 89 cents. I mean, I'm just I just don't trade under a dollar This is too cheap for me in any way, but like I said just because I'm passing doesn't mean you have to Also, also Roblox is up five and a half percent. So I want to get a short something that's Ripping to the upside right now Zoom not too bad. You got a mighty 90 here in zoom I'm gonna jump on the 71 puts those are the buck 50 still pushing up so you could definitely get a better Build than I got snap with a mighty 90. Of course, the bar is getting pretty big. Nice, Krish Roku with a potential mighty 90 short Roku I would trade the 90 puts Build at 249 and we're in Roku So I would close half my Roku at 275 okay pushing up to that pivot. So maybe I should have waited one more. I'm gonna add to my Roku Build at 226 to add It's coming right up to a pivot there. So now I would I would close half at 250 Zoom's still going up. So zoom I'm gonna add to my zoom. That's a buck 35 Those are the buck 36. So both of these are mighty 90s look for two consecutive red bars And I would get out of half my zoom at a buck 50 You see a little weakness here Tesla actually Tesla's got a mighty 90 short as well And it's pushed up a second time man, I I would get in that if I wasn't in two already Yeah, Tesla what I like about it is it's pushed up twice now It's given a mighty 90 that pushed up again Filled in Roku at 250 to close half and pull back in zoom. So we close another Roku at 275 it's nice to I've gotten out of half and haven't even gotten a red bar yet Yeah, Roku. I don't know man. It looks like it wants to get through that pivot So I'm doing zoom is still zoom a zoom and meta coming down. Yeah, I really like that Tesla short though, but yeah, I don't know. I mean, it's You may want to just push I'm gonna jump on these Tesla puts 215 Strike, let's even get filled with six bucks. I moved it to 605 610 final offer build at 610. That was a 215 puts looks like I would have got filled at six You just never know So I'll close half at 670 Put that in case it comes down Builded a buck 50 to close half my zoom and a boy zoom So I got one red bar out of Tesla Barely Video coming down the lows of day Meta coming down through lows of day Amazon coming down the lows of day I'm trying to come back up like to get my two bars out of Tesla and get out in case it's a Day that it wants to rip. Yeah, things looking like they want to get strong again I just hope Roku doesn't get through that pivot S&P is kind of Kind of starting to chop a little bit You know Tesla pushing up to highs a day. It's not what I wanted to see So I'd like to see it get forced back down It may be a rip day for Tesla. I may have gotten in in the way of the wrong stock It's been beat up a little bit lately daily chart of Tesla see it's been it's been it's been a rough go Not quite sure what this market wants to do though That's the piece kind of just sitting where it opened really it's kind of went up down Zoom gonna try to give two bars maybe Well, you can kind of see where futures is just kind of It's kind of in chop mode really so might be getting a second red bar out of Tesla here and zoom So I will look to close those I just don't think I want to get in Tesla's way it could be Setting up for a It could be setting up for an upside continuation runner So I'm gonna close my Tesla Build at 635 to close Tesla. So not much of a winner, but I'll I'll take it and my zoom Builded a buck 53 Close zoom got me two red bars Roku See so I'm gonna You know hold Roku for two red bars though Apple kind of looking like it wants to continue higher push up. It's kind of consolidating hasn't really pulled back much Tesla's actually kind of setting up like an upside continuation to the upside Push up little three bar pullback So a good add to zoom up there. Yeah, Roku goes through here I may I may just close it without getting two red bars just to lower my risk Sometimes on a strong day, you just don't want to get in the way of stuff So the question is whether Roku, you know can get through that pivot or not and close my Roku Build at 224 so didn't really follow the rules there a couple reasons why Strong market It's a Monday Roku's appeared to be strong Apple, you know, like I said, it kind of looks like it wants to push through highs and Roku may it may It may not make it through that pivot. I just wanted to reduce my risk there Again, little cautious being a Monday as of right now. It hasn't made it through that pivot quite yet Tesla, you know, I got out, you know, it's still coming down But it could I could see it come down this pivot and then ripping See it and seeing it square a little three bar pullback bounce Roku kind of made it through there. Didn't it? Well, folks, I'm just I don't think I'm gonna get anything else here 915 central I mean kind of looks like another green day for the markets But if you wanted to keep keep trading, you know, Tesla comes down to this pivot You could get long and then if it pushes through the pivot, you could just bail, you know, it'll be a small loss Can I haven't even looked at it yet? Be honest with you because I've been doing this so I mean looking at futures It looks like it things have pretty much just chopped from the open. So Probably probably an entry anytime would be good. So but this one we'll look at now. So I'll have to take a look at premiums and all that but The other thing would be maybe to see if it pushes through This consolidation Yeah, see Roku broke the dead. Yeah, so That's just me being a little cautious on that one today and it could still It could still give two bars and come back down below, but it just looked like it was on a mission there So I was reducing risk. So All right, I will be back live I think he got Steve tomorrow and then I'll see you all I think Wednesday. Have a good one. Peace