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5:01 Hey, [Music] Hey, [Music] good morning everybody. Welcome to Ninja Trader Live. My name is Jim Kegnina. I am senior market strategist and I am joined by our senior economist the fabulous Tracy Shukart aka Shy Girl Shy good morning. >> Good morning to you Jim. How you doing?
5:46 >> You know I'm doing really good today. you know, got a lot of red across the quote boards today and we we have for a Friday, we got a lot of stuff going on, including special guests and live trading and all that stuff, but also some data coming out that we're excited about. So, uh, what are we up against today? >> Yes. So, um, we have the most important thing that everybody's talking about is we have PCE and core PCE. Now if you know this is the Fed's preferred metric for inflation is core PCE and so this will be closely watched as this will be the last uh core PCE reading before the September FOMC meeting. So this will mean a lot. We do know that pal did
6:31 stress that he's looking at the labor market more but still we need to watch these numbers carefully. Uh so what the analysts are thinking is that uh headline PCE inflation slowed should slow to 02% but core PCE price index the Fed's preferred gauge likely showed quicker inflation. Um, and they estimate an increase of 0.3% last month and that would boost yearonear to 2.9% from 2.8% in June. Uh, so we'll keep an eye on that. Uh we also have personal spending
7:17 which should show to rise 0.5% versus 0.3% prior because consumers took advantage of online sales events to seek bargains. Personal income also expected to increase because of uh why payroll growth was weak in July. Higher wages and more hours work kind of boosted employee compensation. Um, as far as within that core PC index, it's supposed to show that um, a most of that inflation came from, uh, financial fees and, uh, hedge fund uh, manager fees. So it's all coming from they think
8:04 uh coming will be coming from the financial sector instead of the services sector which the services sector has uh tended to remain hotter than uh the other sectors. So we'll see what happens when that comes out at 8:30. But that is not the only data we have today. Uh so we have at 8:30 we have the big one the biggies uh personal income personal spending PCE price index or PCE price index um and wholesale and retail inventories which won't matter that much 945 MNI Chicago PMI not a number that traders really need to worry about 10 a.m. We do have University of Michigan sentiment and one-year and five-year uh
8:49 inflation expectations which we know is Stow's favorite data point. So, uh that that can be market moving. So, keep an eye on that. And 11, we have Kansas City Fed services activity. Not something that traders really need to worry about. >> Wow. And then Tracy, you gave me some bad news this morning about uh my planned small package delivery. what what is going on with this tariff situation now? >> Yes. So the US ends its exemptions for small tariff uh packages. So up till now you had there was a tariff exemption for any shipments valued under $800. Now this ended today uh kind of raising costs and disrupting supply chains
9:37 particularly for ecommerce companies. that this will affect all packages coming from overseas and it will depend how much it'll be between a flat duty of eight $80 to $200 per package no matter how much that package is worth. Meaning if you ordered, you know, a $5 item from Teimu, uh it'll be $80 flat fee. Um, and the difference between the 80 and the 20 is dependent on what country it's coming from and how big of a tariff we have slapped on them. And so, uh, we do have some, it's kind of upending global shipping. So, we've seen a lot of shipping companies are refusing to send packages because everything is not
10:23 exactly clear. So, uh, currently this is causing havoc within the global shipping industry, DHL, FedEx, etc., and local post offices, of course. Uh, so we'll see how that sorts itself out. Hopefully, it will. >> So, s this is outrageous. I mean, my timing could not be any worse for this European trip. I finally find a shoe maker. He's going to make me a custom shoe. I have to go in, they measure, they do all that stuff. And then, you know, when it's when he when he makes it as he can, you know, he's got he's got a he's got a list. And then they they mail it to me. So, now I'm going to spend an extra $80 getting my shoes. My timing is terrible. [Laughter] >> Oh. So, yeah, this should should be
11:10 really interesting. Um, we had a couple other headlines that we had this morning. Uh, PY upped Cook scrutiny with criminal charges. I guess they found a third mortgage that she had that is also under that fraudulent category. So, that will be interesting. Uh, we had Fed's Waller on the wires. He sees shocker a quarter point cut in September because he was the one that desented last time and wanted the quarter point. Uh but he also says that he sees another 100 basis points or wants another hundred 100 basis points by the end of the year. So he's auditioning very well right now for that position because you know he is up for that uh that that Fed position.
12:00 >> Yeah. I mean, it's I know I don't want to get too too far into the politics of this thing, but um I guess there's a temporary restraining order that's being filed, uh request for one. Uh my guess is Lisa Cook will still be voting in September or maybe forever. Who knows? Um and but the ironic thing about it is I went back and read some of her comments. She seems a little dovish actually. >> Um yeah, she seems a little dovish. Uh but you know I think you know regardless it gives Trump another appointee if she has gone right and so um that works well for the administration overall
12:47 I guess but uh the you know and I was kind of reading her legal case she actually didn't deny that there was fraud she just doesn't think she should have to step down. So, uh, but again, I'm not a lawyer. So, >> Oh, I know. I know. >> Who knows? >> What's our What's our boy Michael Sailor saying these days? I heard he's making some rumblings. >> Uh, yes. So, you know, Micro Strategy is known for a little bit of its creative accounting and financing, how their business model works, how their corporate treasury model works. Um, and this is experiencing some backlash. We had shares of strategy fall 15% this month. At the center of the concern is
13:34 the firm's financing tactics. Not not surprising. Um, and uh his his new preferred new preferred stock strategy uh has drawn very tepid demand. And to make up for the shortfall, the company has returned to a common share in issuance despite earlier pleasure pledges to limit dilution. So, uh this has also rattled investors. But it is kind of a very creative um strategy that he has employed. So, not very shocked there. >> Oh my. Fun times. Fun times. By the way, special shout out to Cooper's first Cooper is the first to chime into the chat. is getting a special shout out
14:20 right now. Thank you for being here everybody for Ninja Trader Live. What a week. Well, Shia, I'm looking forward to this Friday cuz you know we have an unusual morning lineup uh which means a spectacular morning lineup >> along with in the backdrop of uh all this great economic data that's going to hit the streets. So, we're not going to we're going to finish strong today. Uh thank you so much uh Shai for briefing us this morning and I will see you shortly. All right, fantastic. I'll be in the chat. >> All right, we have a special guest. We're mixing it up a little bit here on a Friday. Don't worry, Pax is going to be here in a couple minutes, but we do have a special guest. Um, you might have remembered uh Tammy from Tammy Marshall,
15:07 Fibonacci Princess from the uh Ninja Trader 1.0, but she's here with us again this morning. We're going to talk a little bit. We're going to analyze some markets. Tammy, good morning. How are you? >> I'm doing great, Jim. Good morning. How are you doing? >> Pretty good. It's great to see you. It's been a while since you've been been here with us, but I am so glad you're you're here with us. How's everything going? >> Everything's going great. Thank you for having me on. I'm very excited about the the new show that y'all have going on and I'm very honored to be here. >> Oh, no. That's that's terrific. And just so everybody knows, we got more power in the south with us today on Ninja Trader Live. We got another another southern that are joining me here. Um, so we're uh totally excited about that. So, real briefly, just how did you get, you know, what's your background? How did you get
15:52 into this the Fibonacci business? >> Well, I started learning how to trade about 15 years ago from my husband who's been in the business over 37 years at this point. And um I loved trading because of the numbers, but I didn't I wasn't super crazy about having to worry about all the fundamentals. And he was a fun fundamental guy. He's he's turned a little more technical these days just because of me. But when I uh went to the Grand Cayman's about 11 years ago, I met the Fibonacci queen who is Carolyn Boden and she showed me what she does on the stock market and she was actually looking for someone to mentor and she started mentoring me and I became the Fibonacci princess and today we are
16:38 business partners and work together and um it's been a it's been a great way the the great thing to me about the Fibonacci uh work on the stock market is that it shows me defined risk, which is one of the problems that I had before with uh trading was that I I didn't I do think fundamentals are important. I think you need a healthy balance of fundamentals and technicals. But I also just like being able to know, okay, this is this is where I'm comfortable placing my stop. And if it goes beyond that, that's okay. Guess what? There's another bus that'll come along. We can always find more trades if in case the stock, you know, the the support doesn't hold or the resistance depending on if it's bearish or bullish. >> Yeah. Well, that's great pedigree. Trader Bruce, been following him for a long time. Great dude. And uh Carolyn
17:25 Broadden, gold standard. I mean, I've I met Carolyn, I don't know, 20 something years ago uh at trade show somewhere and she's fantastic. So, um hey, let's pop up a couple charts here. Let's uh take a peek at some of the markets and uh get your opinion on what's going on. >> Okay. Well, if we look here on uh my Ninja Trader charts here, uh I'm showing the ES daily chart. And what you're seeing up here, the reason that these are target extensions off of previous lows. So, I've got the target extensions off the August 1st low and then also off the August 20th low. And what you can see here is we're getting very close to those target extensions. Uh, one of them is 6530. That is off of the Let's see. That is
18:11 off of the August 1st low. Okay, that first target extension. Now, we're not quite there yet, but we've gotten pretty close. And the second target extension off that August 1 low is 6610. Now, that's quite a quite a ways back, you know, up there, but we we could potentially get there. Now, we've also got targets from the August 20th low, which are 6548 and 6598. So, we're we're starting to get extended. We do still have some room to run here on ES. Um, but you know, this is why we need to be careful. I say up trail up your stops uh and lock in profits if we do start to get extended. I'm not telling you to short the market. Now, what I do want to show you here is on NASDAQ, we have met the first target extension
18:58 off of that um off of that previous August 1st low. So, uh like I said, many moves tend to terminate off extensions of prior swings. Uh the second target that we have off of that previous low, actually, we have not met the first target yet. First target, sorry, I was thinking about NASDAQ cash. I look at SPX cash and NASDAQ cash. The first target off of that low from the 1st of August is 24,136. The second target is 24,506. And then the targets off the 20th of August low are 24,349 and 24,707. But here's what I do want to say. Since I brought up SPX Cash and NASDAQ, I also look at those. to look at hundreds of charts a day and we are extended on
19:47 those charts. So, I just want you to be aware of that. Um, the thing is though is there again, we do have some room to run. So, I can still make for a case for the bulls here. I know we're getting a pullback overnight and it will be interesting to see what happens with PCE this morning. Um, but you know, at this point, the only case I can make for you is to buy on the pullbacks because we still have all those moving averages on the side of the bulls. >> So, so when you, so Tammy, when you refer to we are extended, explain that a little bit. >> Okay. So, what I mean by that is when I look at previous swings in the market. Okay. So, if I look at the previous high, um, I don't know if you can see my mouse on the screen here or not. >> Yeah. Yeah, >> you can. Okay. The previous high before August 1st was July 31st. I look at that
20:35 previous high and I take a point there. I take that high and I extend down to that low from August 1st. And then it gives me an extension off of that that tells me we are way extended beyond this swing and we would when we get up to that area the move could exhaust and we could see a pullback. So, what I say is many moves tend to terminate at extensions of prior swings and those extensions are good places for us to be able to take profit. Like I said, I do not recommend that people short a bullish market. I do not like to encourage people to step out in front of freight trains because I've had people say that to me before. You said we're extended and you know, >> no, that's not what I'm saying. I'm saying trail up your stops, lock in your profits in case we do see a pullback.
21:23 >> And and I did. It was uh last week, I think, when I had timing for a high and uh price resistance. That was on the 13th of August when we saw this recent decline into the 20th of August. We came back into that 50 SMA and I had price support there also around that 23,000 area. Had a nice bounce again. And right now, what we're looking at here on ENQ, especially on the daily, is that we've come up to that 786 retracement of this swing up. and those can act as resistance and we're failing off of that right now that 23,847. Now, what am I looking for today? I'm actually still looking for us to pull back into some price support and to continue to move up, but that can depend on some of what we see economically
22:09 also. >> Yeah. No, I hear you. So, let me ask you this though. Would you also do an extension from I'm going to say I'm going to estimate it to be August 13th down to the August 20th lows? >> Yeah, that's the one that's the other one that you see. And the targets off of that one are um so that was the August 13th high. I did both of those. Yes, thank you for asking. And August 20th and the targets from that one are 24,349 and 24,707. So um all four of these extensions are represented from the August 1st and the August 20th low. And like I said, the the August 1st ones are 24136 and 24506. and the August 20th are 24 349 and
22:55 247077. >> Okay. So, you combine both of those in on one tool in Ninja Trader. >> Yes, absolutely. It's my um it's it's a tool that I use that also gives me my retracements. Now, I've deleted the retracements that we've already gone through. So, we've already gone through the 236, the 382, the 50%, and the 618. Now, we just have the 786 to get through here. And if we can pull back today and push through that, then the path of least resistance will be for us to continue up to those target extensions. >> Nice. Got it. Love that. How about gold? Have you taken a peek at gold? >> I have. Um here on gold, we're actually almost to the 786 of this uh more recent swing up. Uh that is from the August 8th high to
23:44 the 20th of August low. and the 786 is at 34.95. Now, we haven't gotten to it yet. And I did have some symmetry on the way up, which would acts as resistance, which is also prior swings that I look at, but we are through that. So, for me right now, the path path of least resistance is for us to continue up to this 786 and then I would be a little cautious being a bull there because it could call it cause us to pull back. So, right now, if you're looking at a lower time frame chart at gold and you're looking to get bullish, I think that could be a good opportunity as long as you're looking for price support that can uh that you can define your risk by. >> Yeah, it looks like your moving averages are all kind of crossing up and sloping up pretty nicely over the last few days
24:29 or so. What What levels are those that you're looking at? >> So, I have the five EMA, which is the blue line. I have the eight um um sorry the 13 EMA which is the red. I've got the green line is the 50 SMA and then the pink dotted line is the 200 100 SMA. So we've been above that 200 SMA for a long time but we've really been playing with that 50 that five and that 13 here for quite a while because we've really kind of been in quite a bit of indecision on gold. Now on lower time frame charts um it has been an interesting it has been interesting to trade to some of my clients. Uh but um for me this is the
25:17 best gold has looked in a while. I feel a lot more confident about somebody getting bullish on gold right now because all of the moving averages are back on the side of the bulls. >> Yeah, looks like my EKG a little bit. [Laughter] Um the the uh so but the five and it has not it's not lost on me that you're using fib uh EMAs, right? The five and the 13 are fib numbers. >> Exactly. Yes. >> Yeah. Okay. That's awesome. Um all right, that's um I love the gold. Any other markets that are on your radar screen right now? >> Um I'm looking at crude also. So uh on crude I did have a level that was a really nice uh place to get bullish. 62.58 to 62.84. Of course, that move has already taken off. Uh the five is above
26:03 the 13 on crude, so I can make a case for the bulls. Now, we are starting to test that 50 simple, however, um and the 786 of the swing up. So, this could be an opportunity if you're looking to short crude. We're also getting close to that 200 simple. Um I I I was having some trouble getting it to work on this chart, but to be honest, but um it is right around this 786 retracement. So if you're looking to short crude, that 64.64 area would be a good opportunity to short crude. Or you could even because the 200 and the 50 are kind of also correlating with that 65 area that I've got, which is 65.13 to 65.32. Those would also be a couple of good places to short crude. The only caution
26:49 I would give you here is that the five is above the 13. So, we could see a continued move up. Um, but just be sure to place those stops and uh, you know, don't get up and get a cup of coffee. We all know how crude can uh, can move on you. So, you want to make sure you're paying attention if you decide to get bullish or bearish. >> Absolutely. And then the measurements again, you are you using that peak high from the end of July to the peak low as one of them? >> Um, yes. So from the low from the 13th of August is how I'm getting the resistance. >> Okay, >> that I have. But the swing where I had the price support is from the high from the 25th of August to the low of the 27th of August and then the move took
27:36 off from there. And that 786 retracement is actually from that. But the rest of the resistance is actually from the low from the 13th of August. >> Okay. So the peak high could reveal itself quickly or it could take a while before you get that peak high to make the new measurement. >> Um yes. Well, I actually still already have the highs in place that I am making measurements from. Okay. >> Um I'm also using the high from the 30 30th of July, but I'm also using a high from the 23rd of June. So there's a high from the 23rd of June at 74.25, then a 30th of July high of 69.36, and then I'm also using that 25th of August high. So there's there's a lot of Fibonacci that I look at. So a lot of
28:22 people think Fibonacci is pretty pretty simple and basic and what's what's the big deal about her doing Fibonacci work. >> Yeah. >> That my analysis is a lot more complex than what most people look at. >> Yeah. No, I'm a fib fan for sure. um you know one yeah we got time for this question. So when you're using multiple uh measurements and I'll use the word measurements um when you see like an area that uh where there's overlap in other words there's two or maybe even three levels that are overlapping based on three different measurements. Does that give you more confidence that >> Absolutely. Yes. I we do love to see a huge cluster of support or resistance. Now, don't get me wrong, it could be sliced through like one warm butter if
29:08 the market gets going in one direction or another. And that's the thing that I say about Fibonacci work. You know, you want your really good tool box, right? You always have your toolbox. Everybody's got different tool kits, usually somewhere here or there, but you've got the one toolbox that's your favorite toolbox that's got your favorite tools in it. The Fibonacci for me is the hammer or the screwdriver. It doesn't mean I don't have other indicators that I'm looking at and other things that I'm considering, but it is one of the more important tools that I'm looking that I'm using when I'm looking to make a trading decision. >> Very awesome. Great stuff, Tammy. I'm so happy uh that you're able to join us this morning. Appreciate your time. We're going to go ahead and drop your ex handle into the chat, everybody. Uh you easily found just type in Fibonacci
29:55 Princess and there is Tammy. Tammy, look forward Thank you for being here. Look forward to talking to you again. >> Thank you. And be sure to look for my YouTube channel, too. It's Tammy Marshall. It has a lot of great explanation videos on it. Thank you so much for having me. Y'all have a wonderful weekend. >> Thank you. >> All right. Now, we our special morning continues everybody. Uh we are going to bring in uh pretty much everybody's favorite. We have Pax on the screen right now. Pax, good morning. How you doing my friend? >> Good Jimmy. How are you? PEX is locked and loaded. Looking for some trades for this morning. >> Oh, I miss gold. Um I was aggravated about that. Gold is um uh the top of gold's opening range is 3467.2. I was busy laughing at your EKG comment
30:41 and boom, it came out on the first attempt. So, I missed it. >> Oh my. It's funny though. You know, the word aggravated. It's that's got to be a Chicago thing, right? And this is, you know, I heard it from my parents all the time. And I hear it from friends, parents. I'm hearing it from you right now. Uh it's it's it's a very special word I think more of the country should use. >> Yeah. Well, there's other words that I think are also very special that more of the country should use, but I can't say those on YouTube live. >> You know, like I I told my daughters, you know, there's one in partic never mind. All right. So, anyway, I just put the gold dome up so everybody can see. Um, and you know there's something else I could show. I don't think I can put it in here is the um,
31:29 uh, the top of gold's opening range is 30 here. I I can show it on my chart. >> Yeah, >> I think um, these are all my PAX lines. These aren't this isn't the opening range indicator that we have. Um, but the Hold on, let me just show it on on here. >> That's okay. Take your time. Remember, we're gonna uh in a in a couple minutes here, we're going to break to get Tracy back in to tell us about that PC number and all that stuff, but we have time. >> All right. So, here is the gold's open, right, is right here at 30 3467.2. So, we pay for we pay for our um uh uh our positions by removing our risk. So, you buy a four lot and you sell one at what we call the pay line, which is 30, which is the high of the day, which is 3469.2 two and that's where everybody in
32:15 my group, not everybody, but the people that are trading gold, when they say Lay or I'm long and paid, that means that they bought four and they sold one to remove their risk and now they're either scratched out or they're still long at uh 3467.2 and it's a free trade. They have no risk on the trade. >> So, I I love this. I love the layout. Let's talk about the layout first. We're looking at PAX charts. We're not I'm Yeah, we're looking at patch charts, not mine. So, we got the chart on the left and we have three different domes right next to it. And that's the thing a lot of people don't know. It's like, hey, could I how do I switch uh how do I switch markets on my dome? You could do that really easily at the bottom, but or you could just have multiple domes up. >> I keep multiple domes up. I'm still so listen I um this is all a learning uh
33:01 exercise for all of us and you know for me too because I've been trading on a different platform for the vast majority of my life and you know well my whole life and I'm learning uh ninja domes I'm learning which you know I mean domes are domes but ninja domes and uh the charting is great I love I love ninja charting but you know so it's it's a little bit interesting for me so for you know there's there a few things I need to continue to get used to like centering my screens. I know there's hot buttons. Somebody told me yesterday and you know, but but the the maneuverability, I have to say this, the maneuverability on a Ninja Dome or the Super Dome is much greater than it is on on on on anything else that I've used. You know, I can put in a stop a lot easier. Um I can I'm in and you guys
33:48 will see when I am trading, I'm in and out very very quickly. I'm right or right out on pretty much everything. Oh, we have PCE coming up. >> Yeah. Yeah. Let's put a pause on that comment for one second here and let's get Tracy in because we do it is a big Friday with PCE coming in and Shai is back. >> Hey guys, how are you doing? >> Hey my sister, how are you? >> I am good. So yes, so this is the last core PCE number before the Fed meeting uh the FOMC meeting on September 17th. Uh so this will be a very important number for the Fed. Obviously that is their preferred metric. Uh now we do have uh PC is supposed to come in a little bit cooler at 0.2% but core PCE
34:35 the Fed's metric is supposed to come in a bit hotter at uh 2.9% versus 2.8% prior. So uh we will get these numbers in just a few seconds here. >> I got a S&P chart pulled up. Um, right now tick. We'll see what the reaction is. >> Yeah, look how thin it is. >> Thin, baby. >> Yeah, it's it's hands off. >> Everybody's waiting. It's coming. Here we go. All right. So, PCE uh came month over month came in in line 0.2%. I don't have why. Year-over-year uh year-over-year came in at 2.6% 6% as
35:22 expected. Core PCE 0 spot 3% uh month overmonth as expected and um core PCE at 2.9% as expected but higher than prior. So uh core PCE year-over-year did come in uh a bit hotter than the uh June reading. >> Getting a little bit of a bid in the E- Mini S&P right now. We're tracking uh you know uh 6503 right now. Uh so we did I don't know it was about an 8 handle pop uh on the news. Things are settling down a little bit back to uh that even 6500 number but um the equity markets were not spooked at all about this. Shai
36:09 >> well I think it came because we came in literally in line personal income was in line personal spending in line with all with expectations. So there absolutely no surprise this morning on uh between what uh actually occurred and what was expected. >> Yeah. Very cool. All right. And more data to come. Uh Shai, appreciate you as usual, but before you leave, I do want to say and I'm going to be I'm going to I'm going to be gone for I'm not going to see you again. I don't think live for a while here. And um I just want to tell you a secret. >> Sad. I'm gonna tell you a secret. I'm gonna miss I'm going to miss you the most. So, uh, >> you're the best.
36:55 >> Thank you. Take care of Deli and company while I'm gone. >> We certainly will. >> All right. All right. All right. Thanks, Shai. Appreciate you. >> Bye, Tracy. >> All right. Let's get some PAX charts back up here. Let's see what's going on with uh >> All right. So, gold is a free trade, you know. I mean, gold isn't really doing anything. It's just above the pay line. So, if you missed the gold long, you could have very easily have taken a long at at the pay line, which is um uh 3469.2 if you're aggressive. Uh if you want to be aggressively long that um but you know, no thanks. I'm not. It's either easy or I don't want it. And that breakout, I'm telling you, that breakout was easy peasy lemon far squeezy. It was
37:42 easy. We went 30 3467.2 bid B and popped. So now it's starting to come back down. You've got uh you got trade selection. If we get back into it, you got trade selection again. If we don't get back into it, well then uh you know, leave it alone. We have not achieved the first upside target, which is 84 3684. But it's still a risk-free trade. Now, you know, this is an interesting thing I think for a lot of people. A lot of traders um a lot of traders are going to to to watch gold. You're long you're long from the any market. You're long from the opening range. You pay for your trade by selling one quarter of your unit out at the pay line at 3469.2. And then you see it chop around all all over the place. And and the the the temptation for most traders is to sit
38:28 here and to say, "Well, I better hurry up and salvage something out of this trade. I'm going to sell them here." And you do that while you're cheating yourself. The market never got back to the opening range. So, you must stay long until the market either comes down and scratches you out or comes up to that first target at 84. And you can take profit in front of it. I believe the target's 84. Let me look at my plane. Target's 84. So, you can take profit in front of it. But just sit here. Now, if that market comes back to the opening range, that's another opportunity. Most of you aren't going to think like that. Most of you are going to be disappointed. Holy smokes, I I got scratched out of a three lot. Who cares? You've got another opportunity to put on a full-size unit. And that's the point. You have to look at it that way. Don't look at it like everybody else does. If
39:15 you do that, you're going to wind up with the same results that everybody else has. Dare to look at it differently. One to 3% of traders are going to think like that. Well, we know what happens. One to 3% of traders are going to make money, and the rest of you aren't. So, anyway, sorry. I I get a little bit more intense when I have the intention to trade. right now. And and I and when I miss trades, I miss that. So, I'm going to turn my FOMO >> into joo. FOMO into Oh my god, I'm going to remember that one. Hey, I your your trading ladders, Pax, what uh walk us through which is which. >> Okay, so here is the Oh my god, my I don't have my Oh, we don't have the rotations because the market is open. So, right here is the S&P. This is going to be my primary market where my mouse is. You can see that. Can you see this?
40:02 Can you I can't see what you guys can see. >> Okay, I see we see a chart and three domes perfectly perfectly positioned. >> Awesome sauce. All right, so this is my S&P dome. This is my schnas dome and this is my gold dome. All right, gold is going to come up to that 34 area. Uh the uh the first uh for you guys in my group, I have my group in here uh uh whoever's trading gold anyway. So the first price point is going to be 347577. If you want to take profit on it, you can uh try to add a little bit through it. Anyway, the point here is that um uh this the spoos and all I have on my domes are bids, bid side, offer side, and price. I don't um I do need to change things a little bit because I do want to see the cumulative volume. Um but I don't I
40:50 don't necessarily need to see the volume and everything. Um and that's it. So I have kind of a photographic memory for the market so I know you know where or for numbers so I know where I want to trade when the market gets there. Um uh you know and and and you you'll see when when the S&P opens in an hour or so. This the NASDAQ and this is uh gold. Now I've got uh I usually have these domes on horizont you know on a horizontal screens so they're much wider and much more stretched out and I can see much more I have much more v visibility into price. Um you know I want to see also I keep these I don't know I forget what they call it dynamic or static. I keep my domes where
41:37 they move and I have to center them myself. Um I need to I need to get better at manipulating that. There's a hotkey that I need to download, but I want to see which one is leading. Um, and I I'll talk about this when the S&P and NASDAQ open. But, um, uh, I want to see like, right, watch, the S&P has got more a lot more volume and the S&P is a lot more open interest. So, the S&P doesn't isn't as jumpy as the NASDAQ is. But look, these are this is what I call momentum matchups. 99 equals 54. or maybe not 99 but you know I want to now the NASDAQ is 54 at bid S&P trades 99 see so the NASDAQ gets like an algorithm push NASDAQ's at 5675 S&P's 99 half
42:24 trade so the the the NASDAQ always gets that algo push before the SPOS do back down to 94 99 offer so I like to see the I like to see the momentum of the markets and how they trade off the like the HFT push off that price if this makes any sense >> so Does that give you does that give you like a heads up? Hey, I'm I'm going to look I'm going to maybe pull the trigger on S&P if it's right. >> Yes. Well, or actually not not pull the trigger on the S&P, but get out a little bit quicker. So, here I'll explain. So, let's I'll explain. It's easier to see when we're open. But if I if I if I bought 58s right now, I'd see the NASDAQ is trading at 650. So, I mean 98s. So, 98 bid, 52 bid. Now, I got my cursor on the sell
43:09 side ready to get out. If these go 50 half offer, I'm gonna or 50 offer, I'm going to get out there. See, they stay bid. NASDAQ gets it. I'll go push. Now, I've got a scratch stop and I'm good. Now, I'll do this when we're live if there's something to do. Uh or when we're open during RTH. I don't trade outside of RTH. >> Okay. So, your your hands are in your pocket until RTH. >> Yes. Except for gold, which I you know, already kind of messed up, but whatever. >> That's okay. Well, gold in theory is supposed to open sooner. Anyway, right. >> Yeah. Gold's uh RTH, gold and bonds open at 7:20 uh central time, 8:20 Eastern. So, you have a chance to be able to stagger the markets and then uh the indices open at 9:30 equals 8:30.
43:56 >> You know, it's funny how that I call it the shadow open. It's it's you know, it's the pit when the pit were in their heyday, right? That's the open. That was the main event, right? When that bell rang at uh at 7:20 in Chicago. Um but now with electronics it's a little bit more murky. It's a little clouded a little bit but it's amazing on how kind of the industry has respected that over all this time and you still get that activity right at that time. >> You know I Kane Kane was talking about the other day Kane was talking about uh the London you know session and you know I'm not quite sure what you know I so you know I don't I don't trade that but um I'm sleeping at that time. I'm I'm I'm Look, I'm 57 years old. You don't get to look this young when you're 57
44:44 years old without taking care of yourself. And that means eight, nine hours of sleep. Look, no bags. >> Not only that, not only that, not only this young, but this pretty, too. >> Pretty. >> You're a good looking man. >> Thank you. I like Muhammad Ali. I get prettier as I get older, which is not as tough. Anyway, so um RTH the the market sale of RT, you know, regular trading hours and you can see Easy there, Anthony. Easy there. I see you. I I can see Anthony in the comments. Look at By the way, I puffed up the hair a little bit this morning so that, you know, I was rivaling you. Jen wanted to give me a haircut. I said, "No, I need a puffy in the front like a buffet." >> My hair gets puffy out of desperation packs. That's not We are in a different category here, my friend.
45:30 So, so anyway, um if you look at a and again I'm still learning um uh I'm still I'm still learning uh Ninja. So, I want to have a I want to show you on a volume chart, but I don't have a volume chart up. If you go to RTH, you know, and you see the volume push off the RTH open at at 9:30 Eastern time, the volume is going to go from um 1,200, you know, the the the minutes before that or the 30 seconds before that, every minute will be like 1,200, 800, two, you know, 1500. we get 8:29 uh 9:29 Eastern, it'll be like, you know, like a two 2,000 3,000 and then boom, uh
46:17 RTH hits, the HFTs are turned on and volume skyrockets like 15,000 in that minute. So the HFTs that are programmed, the the high frequency trading along with their thousands and thousands of algos, I hate to break it to you, but there is not just one ALGO, there's thousands of them. >> Yeah. Yeah. Anyway, they uh um uh they're turned on at 9:30 and and that's when the volume kicks up and that's when uh uh markets move. Now, I don't want to trade although, you know, these markets have been muted and I haven't really done much in the course of the last well since May um or early June. I I started to build a long position that I puked around 6260. But, you know, um I haven't really done much because the markets haven't done anything, you Uh I mean it
47:02 this is really this has not been a a a easy summer. There has been some tradeable things to do. You know there have been some really good rotations 15 handle rotations in the S&P here. Let me show you. Let me show you. >> Well here what the other thing we could do also as soon as you're done with that chart we could we could kind of rotate over to mine and we'll we'll go through the PAX lines again if you're not going to trade. >> Good. Yes. >> All right. So here's just this is just yesterday's uh uh um uh rotation. Okay, the opening range was 6502 to 6496. So we had a 15 handle rotation lower to 81 and then we came back up to the 15 handles, right? What the market does on the downside, it'll do on the upside and it'll do so in equal measure. We came
47:48 back up into the opening range at 6502 and achieved that that first target at at 17 and then tried to get above it and we've been you know so 15 hand the markets rotate the S&P rotates in 15 handle increments the NASDAQ in 65 handle increments. Now if you're looking for these 15 handle rotations and you're a younger trader uh you are um building your career one trade at a time, one brick at a time, you're going to get plenty of these 15 handle rotations. the market gives them to give them to us from from the opening range. Well, every day almost and if we don't get it then I then you know we scratch out our trade and we leave. So if I don't get 15 points on the trade, I'm going to scratch it out and walk away. Now um I don't like trading these because I'm beyond it since my heart uh failure and my my AIB and all of the other that
48:35 almost killed me last May, all the other stuff that almost killed me last May. Um uh my days of trading consistently or every day are over. Um, so by the way, this all of this that I'm going to do today is not about my trading. It's about yours. I'm here to exhibit what I do and what my group does so that hopefully it'll enhance your trading careers. Um, my trading career is on the back end. I'm looking for reasons to trade less, not to trade more. I will trade volatility when we get it, when we start breaking out, and I'll talk about that in a second. >> So, I I know I'm never supposed to ask ask a question I don't know the answer to, but I'm going to ask you anyway. um your your chart layout uh with those levels. Are they eventually going to be available to uh Ninja Trader Traders? >> Yeah. Um there this this all this is
49:22 just a little simple little 15 handle and in the NASDAQ here. NASDAQ is Oh boy. See, I don't know how to make any of this work. >> Oh, upper right hand corner there's a little F there. Just click on that guy. >> Thank god you're here. Okay. So, I would not have See, I wouldn't have been able to get that. So, here's the NASDAQ. The NASDAQ trades in 65 handle increments. So, we had a 60. Here's the opening range. We failed to get to the 65 handle break yesterday. And then we got up above the opening range at 667 and made the first 65 handle swing 732. Got the second 65 handle swing. So, um what was your question, Jimmy? >> No, I just wanted to make I was just curious is are these going to be available to >> Oh, yeah. Yeah. Yeah.
50:07 >> Yeah. So, these 65 handle swings that the NASDAQ does and that the S&P does, uh, uh, Burke and I have have worked on this and and and and yes, we're going to put it out. I just have to figure out how to do that. We, you know, it might be available now. >> So, hey, hey, Pax, one more thing. There's at the top of the chart, you see a little crosshairs button. It looks like a plus sign at the very top of the chart. >> Uh, um, I can't see that. >> Oh, that's okay. That's okay. Forget it. Well, >> because I lost the top of >> Next time I'll show you how to turn the crosshairs on. It'll be easier to see. But we can see your mouse. It's good. >> Okay. What's the crosshair? What do What's a crosshair? >> Well, it's it's just like an axe. So, it just it's Never mind. I'll show you later. >> All right. So, I lost like I lost the I
50:55 can't grasp the top part of this and I can't grab grasp the top part of the NASDAQ. I >> Okay. >> You know, again, still learning. This is all part This is all part of the the show today is is watching PAX learn how I I I've been practicing on it and trading a little bit on it. Not much. >> I'll show you how to center those also. There's a way to do it. >> All right. Yeah, I can um there's I want to be able to center them at the same time. See, watch. Evens equals 61s. Evens equal 61s. Let's see now. Uh see 62 63 o bid. So, can we talk a little bit about can you put up your chart because I want to talk a little bit about the pax lines and the market. >> Let's do it. Let's do it. >> And there's a static dome, too. We'll get you in the static dome.
51:40 >> I don't like the static dome. I want to be able to see I want to be able to see the momentum of the market. So, I want to just be able to center my screens at the same time so I can see, oh, look, NASDAQ is moving quicker. Uh, and then NASDAQ got that bid. S&P ought to go bid and I should be safe on my longs. And then I want to center the screens together so that I can, you know, equalize them out. >> Yeah. All right. I'll help you do all that. Um, we're I have the E- Min. Want to start with the ES with for the for the >> pack? Yes. Yes. Yes. Um, somebody had asked what what I normally use. Um, that's irrelevant at this point because I'm using I'm using Ninja. Ninja is my new front end. >> Love to hear that. That's music to my ears for sure. >> Okay. So,
52:25 um, now I'm going to have to make that bigger so I can see it on my screen. >> That's all right. Take your time. Take your time. I mean, I was, you know, I've been in this so long as well. I mean, I remember, you know, J Trader, TT, Yes Trader, which became my company later on, Strategy Runner, Ralph and Nolan, um, all of these platforms, all of these platforms. And um at the end of the day, guess guess what the winner is? What the best one? And this has been the best one for a long period of time. And I'm I'm not just saying that because I work here, but it really it really is. Um so I love the Ninja Trader software, the Ninja Trader dome, um all you know, the charting uh capabilities, Ninja Script, all this stuff's awesome. >> When me and uh Mike Burke, who is uh um
53:13 what what's Mike's official like uh title? He's he's the like the technology guru in my life with me. >> Yeah. He's he's like God. He's like a voice a voice from from above. >> He's the greatest d greatest guy in the world. I always feel bad when I talk to him because I think I drive him nuts. But the uh you know uh he when when we started to put this together and I started to practice on Ninja um this is just a month or so ago you know he we called it old dog new tricks you know and and Anthony and I have had this conversation about a lot of things is that you know we have uh um like you know like me I I take my time I'm not a big fan of change I take my time in doing anything different especially when it comes to to to this business and to my trading you know um and so it That
54:00 doesn't mean that the old ways are better because they're not. World has changed. Uh everything has changed and and the business has changed and will continue to change cycles. There's a lot of cycles, you know, and right now in the we're in the middle of a bunch of crazy cycles. But part of that is that, you know, even though I might get used to, you know, doing something it and and and you know, it's not better. What is better, and this is an absolute fact, is ninja domes are much better to trade on. They're much quicker and much more easy to manipulate my positions. And then if you want to use hotkeys, I don't use hotkeys only because it encourages me to to want to overtrade. But, you know, I point and click. I point click get in, point click, get out, and then I drop in
54:45 a a hard stop, and then I put my feet up. Right now, it this is uh there are strategies that you can employ. There are so many different things that you can automate and that's you know that that you can do with Ninja that you cannot do with any other front end. I mean Ninja and and and it's reliable when the markets are very busy when we're when we're in volatile periods like we were in the beginning of the year and I had a good decade in the first three months of this year which is at that point I decided that I'm done trading for these 15 handles these 15 handle swings. you know, might it's looking for reasons to do less than to do more. Um, a lot of front ends went down. A lot of front ends had problems. You know, things would freeze up. Ninja never did. Ninja never did. Not that I'm
55:32 aware of. Ninja never did. You know, so you need to know that you're you can rely on your trading front end. You need to re you need to know you can rely on yourself, your pro, you can rely on your process, and you can rely on your software. If you can't rely on your trading software, what are you doing? you may as well be driving a cab or in you know see no Uber driving Uber. >> Yeah, you're you're right on point. You're right on point. I agree and I know a lot of these guys and you know I've been involved in the technology side for dozens of years now and uh the thing about these guy the developers on our side they're actually really cool. Like a lot of developers are like all right he's a little bit geeky. He's probably not going to go for out for a beer with me. These guys are different. They're cool. They're hip. They're you know they're on the edge. And what that means though, it translates into they understand customer need. So yes,
56:19 >> it's a good thing to have these uh these guys and gals behind the scenes keeping the data flowing and keeping the trades going. So >> yeah, but anyway, PAX lines, we got some E- mini S&P up on the screen right now. F 6512s. We pierced it twice and now it's maybe going away. >> All right. Now listen, listening to Tam, here's a whole another thing. Listening to Tammy earlier, I love Tammy. If you guys are not following Fibonacci Princess, I you know, I don't I I don't know why you're on Twitter, then. You need to be following her. She's great. Um anyway, listening to Tammy and she's talking about being extended and she kept say, you know, the market's being extended and they are extended. It's not a reason to short the market. I'm not going to start building a short position. Um I'm flat. I'm flat
57:06 everything except for gold. I'm flat across the board. For the first time in a long while, I have not had any positions on. Now, here's the reason why. If you take a uh if um let me let me think of how to say this. >> Do you want me to pull up a gold chart? >> No, actually, I want you to um I might want you to go back to the beginning of the year uh in on a daily. Can you go back on a daily? >> Yeah. Yeah. >> And the S&P. >> Yeah. I'm gonna have to squeeze it in a little bit, but >> All right. So, >> not a problem. >> Let me ask let me ask you guys this traders in my group. When we when in in December and January when we traded up to six, where did I say that we were going to trade and what did I say would happen in that market? I I'm not I'm not
57:51 asking you to tell everybody what uh you know, I didn't predict the market, but where did we go? And you know, in in in 61 6117 to 6156, I said that the S&P was going to trade up there. I don't remember where we were trading when I said that, but that's that was the ultimate goal of the market 6117 to 6156. And then I also said, what did I say in regards to that? Those of you who are here from my group from that level, although most of you guys are going to be gold traders and not the S&P traders yet, does anybody remember? Oh my god, you guys better start to answer or I'm going to fire you all. Well, I said >> the teacher the teacher's bring getting out his ruler right now. >> Yeah. Can you guys please respond in the
58:37 in in the YouTube chat? It's going to have our our one trader, Nikki Simaglia said it. All right. We're going to have a hard time to get above that. We're going to have a hard time getting above that 6156 level. Now, we kept I mean, we spent two months there. Rallied up to it, fell apart, rallied up to it, fell apart, rallied up to it, fell apart. Didn't fall apart. Rallied up to it and hung. Rallied up to it and hung. Rallied. And then we broke 20%. We also had, you know, the tariffs and all of that stuff, but we broke from there. Now, there's a similar trading pattern that we have now. You can see that. See right here? I wish I can show you my dome right there to the left of of you can see the, you know, the kind of a it's not a head and shoulders pattern, but you can see the one, two, three, four. You know, you can see the that top up there in in uh Feb, right? Is that Feb,
59:25 March, >> right here? Yeah, that Yeah. So, it's a double top here. end of January, January 24th, and then again on February 19th. >> So, we're just sitting there, sitting there, sitting there, right? And I and and and I kept telling everybody that time, don't pick tops. Don't pick tops because if we take out that high, we can we we will extend higher, you know. Now, um we didn't we fell apart. Now, I see a very similar pattern to what's happening right now. Uh now, traders in my group, you better answer now. When we were trading in the 60 handle in June expiration at 6010, where did I say that the S&P wanted to trade to? Anybody remember? Oh my god. M on me. You better answer you bun. Great. Where do we Where did I say we're going to trade to?
1:00:11 Oh my lord. Nobody's here. >> Greg, where are you? Um 6492 to 650. Uh 6495. We said it in here. I said it in here. 6595 to 6 uh 64.95 to 6512. And I also said that the S&P was going to have a hard time getting above it. Now, that is no reason to start to sell off. I mean, to start to build a short position because if we take out this high and we stay above it, I know we traded up to 6523 yesterday, but if we can stay above it, we're going to trade to 6598 and then up to 6641 and then up to ultimately the goal is going to be like 6830. But we're having a very difficult time getting above that, aren't we? So, until
1:00:59 we either start to extend or we start to break, I am not interested in this market whatsoever, especially in taking any positions. So, if I catch a 15 handle rotation today, I might leave something on for the next 15 handles, but I'm going to take the money. 15 handles on a four lot is $3,000. 15 handles on a four lot in the S&P is 3G. That is set almost that's like what is that 850 a year 9 900 a year 4,000 out of four lot is a million now nobody makes money every day despite what these YouTube streamers show you but the money comes in in bunches you know but if you can learn how to trade in that way and adjust your position management then you can take money out of the market a little bit more consistently. Yeah, but
1:01:44 Pax, two things. One, past performance not indicative of future results. Remind everybody that. But two, also, um, there's a little bit of delay. So, uh, Pax, when you call out to the chat, uh, there's going to be a delay between when they hear you and then when they're able to respond. >> Oh, why didn't you tell me that earlier? Like, I'm I'm all aggravated at all of these people, not for not for at everybody for not responding. >> It's coming in. It's It's all good. It's all good. They love you, man. So do I. Well, they they're all responding up to 65 even, 6503, 6492. And I I I did say that we're going to have a difficult time getting over this. And we are. Um I'm not saying that if if we start to break that we're going to break 20% either or 20 plus percent, but we we will um we will have a correction. If we cannot extend above this, we will
1:02:30 correct. And I'd like to see a correction. We talked about this the last couple weeks in PA Capital Preservation Friday. I'd like to see a correction back down to 6206. Take out 64 here. Um Jimmy's got him on his on the lines there. Take out 6406. Trade down to 620. Uh I'm sorry, 6402. 6206. And I'd like to see a movement a move back down to 6010. Um if we got down to 6010, I'd start I would start to build the long position there. But until then, I'm you know, I'm flat. Now, if we take out 6010, then we'll remember all of those levels that we've talked about. I've tweeted about them a million times underneath 6010 59.49 the yearly opening range underneath 59.49 49 58.40 uh last
1:03:16 December's expiration underneath there then to 5617 5509. So all of these levels are still in play. If we start to break, you know, are we going to break? Who knows? >> So that break, by the way, a break down to 6010 from approximately where we're trading right now is a 7 uh.56% break. >> So we're up 7.65% 65% for the quarter. >> Oh yeah, you could look at it that way, too. Yeah. >> Yeah. I I would like to see I' I would like to see a retracement back down to to the quarterly pivot. Um uh just for my own trading and I think that that would bring in some more momentum into the market either upside or downside. You know, if the market if
1:04:02 if there's bad we I mean we need a catalyst to be able to take that level out. There needs to be really bad news for us to take that level out. But um we can easily trade down there just for you know six we can easily trade back to 64 uh 6402 and 6206 just for a correction you know just for a five point you know we get down underneath there then we'll go down to probably 59 59 even would probably be about 10%. So that'll be a nice little trade and that'll bring in some better trading. No, I'm not saying any of that happens. >> It looks like a it looks like a long way, but from a from, you know, from a catastrophic point of view, you know, 8% is isn't, you know, my hair is going to set on fire. And by the way, I hate the word I hate the word correction because
1:04:48 I I think the futures markets are never incorrect. I think they're always correct. >> Oh, 100%. Very well said. >> Yeah. So, it drives me crazy. It's like, all right, no, it's not incorrect, man. This is it's this the price is going down. >> Yes. 100% right. That's very, very well said. All right, those of you in my group that are long gold, you're taking profit. If you've if you're taking profit here at 60, whatever price this is, 3477 at this price point, then you want to add above it. Um, and then you're going to take profit at 84. If you're not long gold, then just, you know, sit because there's plenty more trading where that came from. But yeah, so now I'm not building a short position either because we can very easily start to to close above, you know, I'd like to see closes two closes above 6512 and now
1:05:35 uh yesterday's high at 6523 and that'll elect a move up to 6598 and then up, you know, but but it doesn't seem like that's happening very easily. So let's see what happens in 30 minutes when we open and and we see what we're doing right now. It's anybody's It's anybody's game and I'm not looking to be aggressively trading this and I am completely flat which is kind of a rarity to me. I usually have something on even if it's a small position. Yeah. I mean this week we've had two days that have closed be before the previous high close. Forget about the wicks for a second. So, we're closing over that 91 even uh yesterday and the day before, which in my mind's like, all right, we had a double top cooking, but if we get a little bit more lift up here, uh it's
1:06:21 probably not a double top anymore. >> Yes, Captain Obvious. Yeah, I mean, I I I'm constantly saying stuff like that. Yes, 100% right. And and then we're back in. Don't pick a top. You'll get run over you. Like Tammy said earlier, don't stand in front of a running freight train. You'll get, you know, that's it. You're not going any higher. That's No, you're not going any higher than this. Boom. You get flattened. I can't tell you that. >> Let's go over to Let's go over to NASDAQ. >> Oh, my least favorite market. >> All right, we got to do it. >> You know, just to to to to be clear on something there. Um, Ira Harris, who's one of my great mentors, had had stated a few years ago, there probably are not too many active traders in the world
1:07:07 that have traded as many NASDAQ contracts for their own personal accounts as I have. And I I've traded I don't even know how many millions of NASDAQ contracts and and I helped create this contract. I hardly ever trade NASDAQ anymore because of the jumpiness. Um, you know, it makes me it puts me in in kind of a chasing mentality. >> It's like popcorn. and you're watching popcorn pop. >> Yeah. You know, there's a reason why these funding companies want everybody to trade NASDAQ. It's not because, you know, it's easy to make money. It's because it's easy to reset you. And that's how they make though. Now, listen. Um, somebody had asked what these these uh these lines in my chart are. The opening range is going to be these, and you'll see in a minute uh in 30 minutes when we open, okay, we it'll it'll repopulate.
1:07:53 the the opening range is going to be in a is going to have a solid line. The rotations the the NASDAQ trades in 65 handle rotations. So those are going to be exhibited by these dashes. Okay. So uh you you were long yesterday above 20. This is yesterday. You're long above yesterday 23,667 and a half. You're going to take profit at 732. 732 and then you're going to take more profit at 797. So, if you're trading for 65 handle swings, you're long here and you're going to flatten here. We go 732 or maybe leave something on. We go 732 bid, you're going to take profit here, maybe flatten. And if we because if we get back above 797, you can slap them back on. But if we hold here, you know, you
1:08:40 take the money and what I don't do is I'm not going to get short here. I do not fade the opening range except for the late day trade. And that's something completely different. Maybe one of these days I can trade that live. The late day trade is something else that we do in my group too. But you see this right here. Okay. So these these Oh, you don't have my chart up. Can you put >> No, no. We're looking at your chart. We are looking at your chart right now. Yeah. >> All right. So right here is the dashes. This is a 65 annual rotation. So again, my process is you're long six. You're long the breakouts above the opening range. >> You're going to take profit at the rotation. And if you're if you're looking to pad your account, you know, remember what I said earlier. you're looking to build your your career one uh brick at a time, one trade at a time, you're going to flatten at 7:32. We go
1:09:25 732 bid, you're going to buy more. You're going to flatten at 797 in which case you're up about 10 G for the day, maybe a little more. Um, this is how the market ro the market rotates in 65 handle increments every day from the opening range. Here's uh uh today's Friday. Here's Wednesday. Um uh we got the first 65 opening range was 559. We got the first 65 handle rotation up to 624 and then you know we we we hovered hovered hovered nothing. So you take the money right? Maybe you get long again. You pay for your trade and it comes back down scratches you out. No harm, no foul. You made a little money on on the paid trade and then of course Nvidia comes out and look where we rally
1:10:11 to. Okay. I mean Nvidia, right? It's craziness. It's a huge gigantic 100point wick, but it rallied right up to the next rotation. It does it every day. It doesn't change. 15 handles in the S&P. Here's the NASDAQ on Tuesday. >> Hey, Pax, hang on one quick sec. So, could you try Let's try to I'm going to try to get your crosshairs changed. So, if you could just hit um I think it's uh hang on, let me double check. You're gonna hit the control uh key down at the same time as Q. >> Okay. The letter Q, right? >> Yeah. Control Q. And let's see if that change it gets you a crosshair. >> All right. I'm doing it. >> All right. And then wiggle your mouse.
1:11:00 All right. There we go. >> Oh, I see. I see. Thank you, Jimmy. Very
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