 Good morning, everyone, and happy Friday. It's Friday, January 12th, 2024. And the markets took a drop earlier this morning when bank earnings came out. And then some inflation data came out. It was data on the businesses and how much they have to spend, basically. And then it liked that data. And so you can kind of see here on the Dow and S&P futures here. You can see how it's kind of dropped. And now it's driving up. So I was kind of hoping we would get some pullback today to get some juice in the markets. But I don't know. Friday is always a little unpredictable. And if you're new, a lot of times on Fridays, I only do a couple of trades, and get in, get out quick. And a lot of times you can see a lot of chop on a Friday after about the first 30 minutes. But with the times we're in, you just never know. Could see some swings today with some of this data that came out in earnings starting. But I guess we will wait and see. So there goes the bell. Don't forget to make sure that you position size appropriately for your account. All the indices in the green. Dow is up 54, NASDAQ up 41, S&P up 16. And the VIX is up a half a percent. But it has come down. It was, it did peak out at about 6 AM central standard time. It was touched above 13. And then came right back down. NVIDIA about every day hits all-time highs. You would think at some point NVIDIA is going to have somewhat of a pullback. Microsoft yesterday overtook Apple as the richest company. But Apple has since gained it back after a push-up yesterday afternoon. Morning Cosmo, Deox, Disco, Christian Bumblebee. Happy Friday, everyone. JPM had earnings this morning. You can see it's up a little under 3%. Nice push-up. This push-up here was when the markets pushed up. And then inflation data came out. So then the markets went down. And now they've come back up. Yeah, I didn't. I thought I heard on one of the business channels that I have on beside me that earnings didn't seem to be great. But maybe I heard that wrong. Tesla pushing up. I love looking at the NTT chart this morning on Tesla because it's really struggled. Show you a screenshot here. Just turned into a downtrend. And it's struggled here. As of late, now it's in a downtrend. But pushing up at the moment. So we've got some of these tech stocks pushing down, Netflix, Amazon, and then the rest of them are pushing up. Steve and I talked a little bit for those of you that do the zero DTE trades with his morning and then power hour. Some of you had mentioned that I should have a live stream, whatnot. It's really not feasible for me to have a live stream because when you do it in morning, iron condors, lunchtime iron condors, power hour, like I just can't be live all day long. So I was trying to think about how we could approach that. And he touched on it yesterday. But my thought was to just do a co-host when he does his power hour and morning zero DTE because he trades a little differently than me. So if you have questions about his approach, then you just ask him and he's able to talk about it. And if you have questions about my approach, I mean, so either in the morning or power hour, that's two opportunities to ask me. And then I can verbally tell you. Yeah, and I could say things like, OK, I'm getting ready to put on a trade here. But the hardest part for me is when people ask me questions during power hour because everything's going so fast. And it's hard for me to respond while trying to do all my orders instead of typing a man in discord and then having to go to my orders and keep track of all that. Because power hour moves pretty quick sometimes. I think my thought was a co-host situation would be easy so if somebody types a question in the discord, I can just chime in right there. I can talk while I'm doing my orders or whatever. So for those of you that participate in power hour and or his morning zero DTE, what are your thoughts on that approach? We actually tried to do a little co-hosting when we first rolled out the day trading, like what I'm doing now. But the problem was with that, it didn't flow very well because we were taking the same trades. So like we were doing identically the same thing. So with his morning zero DTE and my power hour, we're doing a little bit different. So to me, it would make more sense than do a co-host when you're doing something a little bit different. Appreciate the feedback, guys. OK, so Chris says beyond meat volume bar. So if you guys want to check that out, I just don't trade it and also because it's so small. So for me to trade it, it's just too small. Not meat is anymore. Yeah, it's like $7. I don't have any $7 stocks on my board. Nick's popped up just a little come back down. Nick, what indicator do you use to see consolidation? I use these five-minute volume and price bars. Yeah, I think maybe in February we're going to give it a try, possibly, or maybe when Steve gets back at his trip end of January. I'll probably miss most of the power hour today. I have a doctor appointment at 2.45. It's just my annual physical, but I'm going to talk to him about my voice and see if he can give me something. So hopefully by next week I can get my voice back to normal. Last time this happened to me, I don't remember what it was a couple of years ago. He gave me some bread in his own or a steroid. And it fixed it. I probably don't hydrate myself well enough either to like I should be. Yeah, not seeing any volume bars, which isn't really surprising on Friday. Who's Trump's attorney? He's gone. He's had so many. I don't even keep track of him anymore. Sound like Rod Stewart. Forever young, man. One of the greatest songs of all time. 80s, man. So a lot of stocks are green. Nvidia, Roku, Tesla are staying red. Roblox, down a little under 2%, Riot Blockchain, down 6%. So Riot's been hit hard. This new ETF, I don't know, you can kind of see with my price how it's kind of dropped. So we'll look for some mighty 90s now. One thing also Stephen and I talked about is sometimes me filling in for him when he can't do Power Hour, which I can do that too. But I just wouldn't be able to probably help anybody the things that he does. Maybe it would help. Maybe it would help you all if I'm sharing my screen that has the price movement on it. I know a lot because price action is something that's people a lot of times have questions about. So maybe if on days he's not around and I could share my price action and just show you what I'm watching for. To be honest with you, I don't even look at his screen when he's in Power Hour or if he's doing the morning. I have my own screens up, I'm just listening to him. Yeah, I mean, sharing a screen to me really, once you know how to trade the strategy, doesn't really do any good to share. Like you gotta have your own screen. To me, sharing something is best to share the price action because maybe you're gonna wanna take a look at the price action that I'm looking at. But as far as this situation, buying puts and calls, it's super easy. And then once you know how to trade an iron condor, that's super easy. And if you need to learn how to do an OCO, just it's in the course. So, okay, so Metta might be getting a big volume bar here. Also today we traded the seven DTE. So seven days to expiration. So don't do the zero. You might find yourself in a bit of trouble. It does move fast. So here Metta's pulling back a little bit. So this is like a good time to enter if it was to pull back close to this pivot as long as it doesn't come down and flip red in the last minute. So I'm gonna give it just a second here. If I was to trade and get to the seven DTE, I would probably trade the three 75 calls. So it's got a little over a minute left. So I'm gonna go ahead and jump in here. Try to get filled at, let's say 450. Doesn't look like it's gonna pull back below the pivot now. But I hope it still comes down a little bit and fills me. Uber looks like it's getting a big volume bar to the upside as well. I haven't traded Uber a lot, but I have traded it. Yeah, the thing is, the next bar though, it could come down, touch the pivot, which would probably fill me. It was a trade like this. I think it was in NVIDIA or something a couple of days ago where it pulled back and then I got in and then in the last minute it went below it and then it just dropped. Hope it comes down here. Okay, so Boeing has a little mighty 90 here. So if it pushes down below loads of day, I might entertain there a long mighty 90. See if I would have gotten in, well, maybe it'll come back down. If I was able to get filled at 550, it's currently trading at five bucks. So I would have already filled 10% right there. Yeah, it might come down here a little bit yet. Netflix going through loads of day. And Boeing popped up, so forget that one. Filled at 450, that was the 375 call. So I would close half. He could even get a better fill than 450, man. But I would close half at five bucks. Amazon pushing through highs of day. I'll pull back an Uber. Our Roku really popped up. Square pushing through highs of day. Roblox pushing up, Costco up to highs of day. Baba through highs of day. Where's our meta through highs of day? Baba's got a big volume bar. Yeah, it's meta that I'm in, but Baba is producing a big volume bar. So if it was to pull back around yesterday's high, it might be a good spot to get in. All this push up and meta's not doing it. The mix did pop up a little bit here. Okay, so Baba's pushing back a little bit. So Baba, I would trade the 73 calls, trying to get filled at $1.44, may have left me. So I got a working order in at $1.44 in Baba on the 73 calls, if it pulls back in here. Seeing some strength here. So hoping Baba comes down, touches where I'm at, pops right back up. Yeah, so Roku's kind of a mighty 90. Let me check, fill to $1.44 in Baba. Now Roku might be a mighty 90, but let me get this order in. So Baba, I would close half at $1.60. And so it actually pushed down kind of through high as a day. So I don't want to see it go down any further. So the exit on Baba would be if it goes below this point right here. Yeah, so let me take a look at Roku quick. Yeah, that bar is almost as big as the first. So I'm just going to ignore that, honestly. It's like a tick or two away. So if they're close to as big as the first, I don't usually take them as mighty 90s because it's a good potential. It's so close to being an upside volume runner. Come on, Baba. I got a good feeling, Baba too. So it's right there at my exit point. Filled in Meta at $5, close half in Tesla pushing up. So in Meta, I would close another one at $5.50. Filled at $5.50, close a quarter of Meta. I don't know, but Baba would cooperate. Geez, Meta get another big bar. Yeah, let's hope so. I don't want to see it go any lower. So Meta's going to get another big bar. So people that have questions about mighty 90 and runner. So that Roku bar that Chris had mentioned. So technically, yes, this is a mighty 90, but I've played enough of them to know like it's a tick or two away from being as big as the first. So a lot of times I would see a little pullback and instead of getting a second red bar, then it pushes up. So when it's really close to as big as the first, I just tend to stay away from them because I'm not 100% sure what's going to happen. I am not liking the price section in Baba a bit. You need to see it change pretty quick here. Remember volume runner, you want to pull back and then let's take off. Meta is a perfect example of one. And it may dip its toe below this and then pop back up. So I'm just hold on to it. Might not have been a bad time to add right there. I got in $1.44. So I might add a little bit to my Baba here maybe. Build it at $1.34 to add to Baba. So I'm taking a little bit more risk here, but this is why you position size to be able to do this. If it goes against me here and starts to push down, I'll just close everything. Okay, see Roku there? That's exactly, exactly why I don't play that in Mighty 90 short when that bar is almost as big as the first. Well, Zoom had a, yeah, see Zoom, same thing. It's either a Mighty 90 or real close to an upset going runner. So I will close half of my Baba at $1.50. Netflix, getting a little Mighty 90, it looks like short. So I want to see it push up a little bit more. And Netflix, it needs to push up through hot, it needs to push up about right to the top of this consolidation for me to get short. Dang it, Baba. All right, closing Baba, build it at $1.35 to close. Now it's a bummer in Baba. Good example of a failed volume runner folks. Yeah, so Netflix, it even retraced. So I'm gonna go ahead and close my last meta as well. Build it at $4.45, so just under my original fill. Things getting weak here. So now it's about time where I might start looking for some continuation runners as well. No, no Mighty 90. No, I don't consider this a Mighty 90 here. It's just not enough volume separation. Now it's gone in the red. Vicks coming up, Baba rips to highs of day. I would not be surprised. I haven't looked at my AMIC yet, just because I haven't had time, but I'll be looking at it here shortly. So, okay, so let's talk about my AMI or Condor. So here you can see there's been a push up and now a second push down. So if I would have put on right away, it would have gone off center. Now it would have gotten back into center on this push down, but what if it would have just pulled back a little bit and then pushed up one more time? So that's why I usually wait to see where it's at after the second push. We've got some stocks coming down. So now that it's pushed up and down, I'll kind of wait to see and look for a little consolidation and then jump in. Not seeing much of anything right now. That Uber volume runner now, it looks like it's getting a big bar to the downside unless I guess it's got time to flip green yet. I might get a Mighty 90 long out of some of these, but it doesn't look like it. And not a Mighty 90 because what's this bar doing there bumblebee? So that would make it a what? Yeah, be a downside volume runner. Yeah, I knew that Netflix. I saw that Netflix one flipped. Let me look at Amazon in toss. Yeah, in toss, it's not as big as the first. So this bar in toss, it's not this big. So it would all be closer to a Mighty 90 in toss. Maybe that's what bumblebee was first looking at. Maybe he was looking at something besides Orion because I would agree with bumblebee that it wasn't Mighty 90 when I look at toss. Over here on Orion, it's almost as big as the first. So I would classify it as closer to what bumblebee said as Mighty 90. Sorry, popped up a little bit though. Okay, so I'm gonna look to enter a zero GTE Iron Condor looking at the 4805 calls and the 4765 puts with 50 points wide. I use both. Well, what you see in my screen here, MRP is Orion. Built at 635 by Iron Condor. Actually, I accidentally did too many contracts because I was preoccupied. Yeah, so I use Thinkorswim and Orion. Orion, I use Orion for my price movement. Thinkorswim to execute my orders. I'm gonna enter them. I'm gonna post it right now in the live chat. What else we got? We got stuff popping back up, man. What else we got going on here? Meta did pop back up. So my zero GTE Iron Condor 20% would be 4.75. I'm sorry, you wouldn't be that. That would be the trailing stop, 4.75. 5.10 would be my 20%. So 5.10, 4.75 trailing stop. So let's see what else we got. Bob finally popped back up. So Tesla push up, pull down a little pop. Looks like it wants to come back down. I'd like to get short Tesla here, but not when it's pushing down. Like I said, I'd like for it to try to like come back up and then get forced back down. So you gotta push up, pull back a little bump up, but it may not come up any higher. AMD push down, a little bump up. It's like it might want to roll over too. Darn it, Tesla just wasn't quick enough. Maybe it's gonna come up for me a little bit. I might jump in here short and then just position size to be able to add. So I would trade the 222.5 puts, try to get filled at 4.55. Built at 4.55. So little downside continuation, not the ideal place to get in, but position sized to add to it. Filled at 4.55. So I would close half at five bucks and it doesn't look like it's gonna bounce up. But if it would have, I would have added to it if it popped up a little bit. Nick's coming back up a little bit. Might have been quicker on Tesla. I'd probably be at a 10% by now. Baidu push down, pop up, push down, pop up. Could be a downside continuation as well. So I haven't really got this market figured out. Dow is down 153, everything else is in the green, but man, it doesn't seem like it wants to stay green. See a bumblebee? Meta popping back up. But if you take a look at meta, like that is not what a volume runner should look like. So I have no problem with my decision on how to get out or on when I got out. Boba trying to pop back up as well. Oh, rat. Tesla struggling, that's a good sign. I think I'm gonna go ahead and get short Baidu on a downside continuation runner. I'll show you why here in a second. 115 puts, trying to jump in here at 214. Man, it came down already, back up there. So if I was trying to get in at the top of this bar, because if it pushes above that red bar next to it, I would just bail on it. So it's a small losing trade. See, but if I get in right now and then it pushes up above it, it becomes a big losing trade. That's the importance of your fill. Darn it, darn it, darn it. I'm gonna try to get filled at 215. Gosh, dang it. I knew that was gonna be, I knew it was gonna do that. Okay, so that's just years of watching price action, folks. Cancel my Baidu, should have been more aggressive. Shoulda coulda woulda, filled at five bucks. Close half my Tesla. Shoulda coulda woulda. Future's coming down a little bit. I better check my iron condor. Okay, it's moving to the left a little bit. It's still in range. I think it's doing fine, Krish. What's not doing well about it? Dog, would you stop licking me? Look at it, it's still, oh, you have different strikes, gotcha. Yeah, so for me to add to one, it would need to come over to here. That's the trend to pop back up a little bit. Darn it, Baidu, man. Last couple of days, man, I've missed some of these. Yeah, I just couldn't get in quick enough. I just couldn't, I mean, it really didn't stay up there very long, I can tell you that. Tesla trying to pop up here a little bit. Let's see what the old Vicks is doing. Vicks coming down just a little. So Baidu may be giving me another chance here though. So I'm gonna go 115 puts again and fill it 235. So it popped up a little bit right here. So push down, pop up, push down, pop up. And so I'm hoping for a rollback over here. So I'm going to put it in the order at 260 to close half. And you could definitely have gotten a better fill than me. That's the struggling, any better. Probably even got a better one than that. And I can, I position size so that I can add to Baidu here. Yeah, you might, if it bounces up here, maybe you can re-enter. So Baidu gets to about 215, I will re-enter. Or I mean, I will add to it. And then if Baidu goes above this little consolidation here, then I would cut it. That's how I play these continuation runners. Yeah, it's widened a bit. It's coming down a little bit though. Come on, Baidu, hit me, hit me, hit my ad, please. Doesn't look like it's going to. Maybe it will. If I say it's not going to, it will. Yeah, I don't think it's going to. It's not going to, it's coming down. It ain't gonna pop back up. I'm gonna cancel my ad and ba-ba. I mean Baidu, I'm sorry. I need to put an order in Tesla. Close another Tesla at 550. Ad kid Tesla. Did you re-enter, Chris? Man, I'll tell you what though, that ad and Baidu would have been stellar. So there's two ways to look at these continuation runners. You can wait towards the end of the bar and see how high up it gets. Or you could jump in somewhere and if it gets higher towards the end of the bar, you can add to it. I've got two ways you can play these based on your risk management and position sizing. See, my Baidu is only, I'm only up $8 because I didn't get a good fill and I didn't get filled on my ad. So it's come all the way back down here about one point and just to give me to about break even. So that's the purpose of so that that's the purpose of potentially adding to a position. There's a lot of chop. I mean, NVIDIA is doing nothing but chopping. So I doubt I get in any more trades. It's almost 930 central. Got a winner in meta, loser in Baba and still to be determined in Tesla and Baidu. See if there's any others I would recommend if you want to keep doing some continuation runners. AMD, if it pushes down and just consolidates and it can't get any higher, it could be consolidating for a continued push lower. That's not all I see here. Uber push up consolidating looks like it wants to go higher. Well, Bob, it's time that you flush yourself. You didn't get into Baidu at all, Krish. Yeah, the ad was definitely a miss. So you think about the ad, we probably would have been able to close it at the original fill by now. Ooh, look at meta. Interesting. Push down. Now it looks like it wants to go through highs of day. I better get pushed back down. So I don't think I'm gonna get anything else in anything else. So this is what I'm gonna do, folks. Baidu, if it pushes up above this consolidation, I will get out of it. Okay. Tesla is coming up to potentially actually I probably would give Tesla if it pushes up above right here, then I would get out. Otherwise I might add to it. Ale Piero, 73. All right, 350. Nice job. So if Tesla pushes above right here, I'll be out. I might add to it. What have I been in Tesla for so far today? Got in at 455. Okay, my original is 455. And what's it currently at? It's currently at 480. So I think it's back up to like 450 area. I may add to it. So I'm gonna go ahead and add. I'm just gonna go ahead and add to Tesla right now. See if I can get filled at 475. Fill at 4, is it 74 or 75? Fill at 474 to add to Tesla. So I had already filled half. So now I was just adding back up to my normal position size. That makes sense. So if it pushes up above this consolidation, then I would bail on it. Yeah, and Baidu, looks like it wants to go lower, man. Steve, and Baidu. Looks like it's coming down, but it's not coming out very fast. There it goes. Maybe I can fill here. So I'm gonna push back up to that pivot, got forced back down. So folks, that's what I'm gonna do. Hopefully I'm gonna be scaling out of Baidu here. If it pushes above this consolidation, I'll close and Tesla, if it pushes up above this consolidation and the point right here, I will close it. All right, no trading on Monday. So I'll be back in leading the live stream Tuesday. So I will not probably be in power hour today because I have a doctor's appointment I mentioned that. So anyway, you guys have a great weekend. I'll catch you later. Peace.