Friday Live Stream — US Market Open 🚀 SpaceX IPO Day: Live Analysis & Market Coverage S&P 500

[00:00:00] Speaker 1: All righty, well, welcome everyone to a big day because yes, we could be about to witness history or in some ways we are going to be witnessing some form of history, guys. Welcome to the SpaceX stream. Yes, it is a pretty special day because of course, in the, I guess we'd say hobby slash investment slash trading slash, of course, the markets that we all know and love. This is one of those days that you do remember, guys. And it's not many times you can always say that. Sometimes it comes out of nowhere, the black swan. Sometimes it's a tweet. Sometimes it comes from a terrible or good earnings. But today it comes from something we do know is happening today. Well, at least we can assume it is. And it's going to be one of the biggest. Will Elon Musk become the first world's trillionaire? My goodness, that is a thing. The new million is a billion, it seems. And of course, we are here to see all sorts of things over the next 15 days, 30 days, 60 days, as we also bring on two more potential IPOs this year with OpenAI and of course, Anthropic. This is kind of like what I feel like it would be back in the dot-com boom while they had IPOs coming in everywhere and people were talking about stuff. If you were with us during 2020 and 21, particularly 2021, then you might remember some of the big ones back then. Was anyone here in the chat with us during that time? Welcome, everybody. Welcome. Let's give a shout out to who was here first. We've got Fizz. We've got Great Shark. We've got Jeff. We have Diana. Dobie, Deb, Todd, Pence, Chris, Cody, Tuff. Welcome. Welcome, welcome, everyone. Great to have you here. So many faces that I remember seeing over the last six years of doing this channel together. It's fantastic to have you here. So today we will be looking at this, which is, of course, this no data here code because yes, SPCX is going to come in. Now, we don't exactly know the timing. We don't exactly know the price. Of course, that is what everyone's kind of interested in. But I think it's the greater market. You know, you guys know it. You know me. You know us. You know what we do. We obviously bring together all of the picture. So it's probably interesting to see how the price opens, how it closes, how it moves, how all that stuff happens. But then it's the next 15 days. Then, as we see, of course, the potential include, well, I think it is included in the NASDAQ. Obviously, S&P and Dow Jones, no on this one. And then, of course, we see how it interacts with the rest of the market. You know, I was just having a look before at Tesla pre-market. Not too much action going on there. Not much movement, 0.75%. But I'd like to ask the chat here, since we have so many people here coming in. Thank you very much for supporting the channel. What do you think is the price on open? It's just a guess. I mean, just a guess. I'm just interested to know what everybody's thinking. And, of course, this is absolutely one of those times where no one really knows, do they? I think it's important that no one really knows. You need to be aware of that. This is one of those times where there hasn't really been a free conversion. Like this whole thing. Why is my screen not muted here? Hopefully you can't hear that in the background. There we go. Fixed it. All right. So we'll talk about the broad market as we do have a little bit under an hour until at least the market opens here and we start to maybe even get some futures of the futures. So Toad says, higher than two years from now, 150, 170, 173, Leo 150 to 170 there. To the moon says, Russ. All right, man. Always 900 of you already joining us. Thank you very much, guys. Appreciate it. Always awesome. Make sure to give the stream a like as well. It does help us out. Thank you very much for joining us on Friday because it's Friday. You know, New York Knicks, they're doing really well. Did anyone watch that game? I caught the last couple of minutes, which in basketball usually means the last 20 minutes. And I've got to say, wow, I was not expecting that. That was maybe that was like kind of like, you know, the NBA version of giant IPOs, I guess this week was absolutely crazy that last couple of minutes. But there you go. Is SpaceX trading yet? Do we know the time? So, Darth, I had to look up this and basically SpaceX will probably more likely come in sometime around, if I'm not mistaken, around 11 a.m. to 1 p.m., 1.30, something like that. Again, I'm no absolute expert on this. It seems to be depending on the size and all of those things. But there may be some pre as we come into the markets. We might be able to see some bids and asks come through. There are, of course, pre-pre futures as well. I might read whatever that says. Please do not take that as, of course, what is really occurring. We don't know. I've seen some pre-pre futures be so wrong on the open and then boom, the price switches back. So just remember, guys, it is one of those days. You've got to be careful. All right. Let's have a look at the broad markets because things did change. And obviously, we didn't have a normal video. So for anyone that's viewing it for the first time, welcome to the stream. Welcome to FXE Trading Academy. It's great to have you here. We've been doing this for six years. Obviously, we talk about all markets and how they're interconnected, including the indices, including gold, silver, of course, metals, commodities, Bitcoin, crypto, all of these things and bring them together. So we had a couple of interesting things because did anyone notice what happened over the last 24 hours? And I would have suspected that we may have found more resistance at the point. Can anyone guess why I've got a two hour chart? If you've been watching Eagle Eye and watching some of the videos recently. Gecko says here, I think it says, ah, I'm going to the moon. Oh, no way. Maybe Mars. All right. You think market may reverse at some point after open? It finds itself at a critical resistance, which we're going to talk about in a moment. We did get a big announcement, of course, all sorts of tweets yesterday. And then we got a bit of a movement up. Now, before that move, by the way, just in here, I didn't report on it today because we didn't get a video out, but I will show you in the weekend video. So you guys can see what I'm talking about here. Quite a few large transactions came through in here. NASDAQ, I believe, TV triple Q. We also had some big dark pool as well on one of the S&P funds, exchange trader funds. And then all of a sudden, of course, markets moved up. Not saying I know anything in particular. It was just big transactions going through. And unfortunately, you wouldn't have seen them necessarily until a little bit later on. But either way, the market area I was talking about was the 50 exponential moving average, which has been pretty solid on the way up and the way down on the NASDAQ. Just one of many technical things that, of course, we look at. But we also had a resistance. So we've kind of gone low, lower high, lower low, lower high, lower low, slightly higher high. Now, we haven't taken out the main key level that most larger swing traders are going to be looking at. And I'll explain why that is. Because if you go up higher timeframes, especially like a daily, you're not going to see really a daily change of trend, at least by many technical analyst expectations, until the markets move through this high. So in many ways, we're kind of finding that resistance. We're at that resistance point, basically ahead of a big major piece of news. And that creates liquidity. And you can already see here, as we've started the stream, you guys may be too bearish on this market. The market pulled back just a little bit there. Look at that. Look at that. Look at that. What are you doing there, guys? What are you doing there, guys? I can see you on that two minute chart. What are you doing over here? Oh, no. Look, it's moving down there a little bit. But anyway, that's only a two hour chart. We don't stay on those timeframes because we want to be on the higher ones. So we find ourselves here on the resistance. And that is perfectly normal ahead of major pieces of news, because generally speaking, that is where a market will go to. Now, I just want to show you side by side with the S&P so you can see how these markets are connected together in many ways. You can see here again, the S&P gets very close to that 74.50 area. And I think that some of the key levels that I'm watching today, because I do think that both of these lows are going to be semi-important on smaller timeframes, is that we've taken out the 50 exponential moving average on the two hour on both the S&P and the NASDAQ. So in terms of short term, slight bullishness, we saw that through here, through that pump that happened. And I will call it a bit of a pump because obviously it moved quickly, where the market took out this 50 exponential. Now, we've seen that before. We had it over here, where the market finally took out the 50 exponential. And then it came back and it found it as key dynamic support. So if we have a look over here, we never know it's going to do this, but it does make some sense that this is going to be an important level today, should we see sell off continue on. And that is around that 73.70 to 73.90 area. It's an important demand or technical support zone, because as we can see here, same thing, 29,200 or 300 to around 29,400. And why? Again, this is the kind of area where if we go, you know, we've made a high here, we've made a higher low, we've made a higher high. If we made a lower low, then we're changing trends on some smaller timeframes. And that I think is going to be semi-important because we're coming off kind of a resistance area that we find on both the NASDAQ and the S&P. And in many ways, kind of a really big turning point for what has been the sell off so far in, of course, semiconductors in AI, in everything else. Now, I always ask you guys in the chat and I'm up because AI is everything to everybody right now. So I was listening to a few things today and I thought, oh, is this real? So I just want to quickly talk on AI for a moment. What do you think about the idea and you tell me which one of these? I'm going to give you A first, okay? Now, A is that you work in a, let's say you work in a workplace where AI is used. What do you think the chances are? That not only will we see AI tokens rations, but they're going to be rationed to people who write the most amount of code. So that is that if you, even if you write good code, it doesn't matter if you write good code or bad code. If you write the most amount of half usable, half passable code that you're going to get, let's say you have a hundred thousand budget to yourself for tokens. And now the person writes 10,000 great lines and this person writes a hundred thousand great crappy lines, really. That then you're going to have the hundred thousand crappy line writer getting another $50,000 of tokens. Okay. Let's just say, how, how likely is that? Let's just think about it in the world. I think it's pretty likely. I think you do too. And if that is the case, then is it possible that some of these software as service companies are going to actually use AI to write inferior code and put it in the software as services with billions of bugs on it and actually destroy their own software. What do you think about that guys? I think that actually could happen by the time this is all said and done. I feel like that is going to become a thing. What do you think of the chat? Token saving, token maxing. I also think there's a chance that somebody will get their token budget. Let's say it's a hundred thousand and the person then spends $40,000 of tokens and then they get a little bonus. Oh, you didn't spend 60,000 of tokens. We'll give you a little bonus. So as people say here, token maxing. Okay. So that's number B. Now, frankly, I think A and B can work together. So I think there's going to be a hundred thousand lines of borrow code that are going to go into these softwares and you won't be able to unravel it. It's going to be so nuts. Now, I'm not a coder, but anyone else here in the coding world, you tell me, is that possible? Is that what's going to happen? Unlikely, says Fizz. 95% likely, says Zero. JJ says, welcome to the boring dystopia. Rationed. Yes. Individuals at my workplace already have budgets, which wildly differ. Poken maxing. That's the word, I guess. Now, those can do more with less will be winners. Yes. So kind of like a pseudo brain. That's what's going to happen. What time is the IPO? So the IPO theoretically will, I guess it will start possibly pre-trading. Now, correct me if I'm wrong here, but I believe it may pre-trade as in you might see some kind of bid asks and all sorts of wild stuff, plus some of those pre-markets might be going on the open. So we'll have a look just so we can see. It might be wildly wrong, though. And then I think the actual IPO itself will launch sometime mid-morning. All right. So let's have a look here at this NASDAQ. So again, we've got the low, we've got the low here, and we have a kind of area where you could see, you know, if a lower low happens, you've got a high, you've got a low, you've got a higher high, you could get a lower low. And that would then be breaking through that 50 exponential back into the direct opposite way. So you can kind of see how this is becoming a more supportive area for today and why it's becoming so important. So on the S&P and NASDAQ, I think we're at point critical, particularly for the NASDAQ which is probably the main kind of centerpiece for today, because this is the one that's going to get SpaceX in it, ultimately, if everything does happen the way I guess it is. Now, other things to note, if you were looking at yesterday, because we like to do a bit of a synopsis, would you guys like to do a little bit of synopsis here? So it's very difficult to, you know, 100% know some of these things in markets. Obviously, yes, in hindsight, we know there's large dark pools here. The market itself obviously came down as well and was looking weak. And then it rallied back up through this point. Now, once you get through that 50 exponential, the general rule would be to go to the next point of equilibrium. And I think a lot of people in trading and investing don't understand that markets will move to the next point of call. And it makes sense. You know, you get through the point of resistance, you move to the next one. You get point through the point of support, you move to the next one. And that's kind of where you have some statistical evidence in technical analysis. You have that kind of, I guess you would say, edge if you want to go with it. So you've got like a resistance breakout. It breaks through a level. It's more than likely going to the next level. And once you start to see that, it becomes easier in markets. So yes, there was a little bit of news. But I don't think that the markets actually have traded that poorly technically in recent times. And you might say, Tom, look at this ridiculous bullishness. What are you talking about? Yeah, but it kind of literally is just followed a 50 exponential the whole way up, fell underneath it, rallied back through, found it as dynamic support, kept going, fell underneath it, found it as resistance, bang, bang, bang, didn't hit it here and find anything. So it may be broken, you know, as an idea becomes more well known, it can break through. But, you know, still at that kind of, you know, key zone. All right, so NASDAQ and S&P, we find resistance. We're at that kind of critical 29.7 zone. Let's have a look at the rest of the markets. Let's check gold first. Now, gold actually hit into a major support. And you might say, what's gold got to do with SpaceX today? Well, we'll get on to SpaceX as we get closer to the event, which is, of course, the open. But gold found a beautiful 4,000, kind of almost hit 4,000 level. And you might say, why is it important? Well, if we have a look, it's previously the most traded zone on the way up. So basically, we saw a lot of transactions going through here back in November. It seems like it was longer than that. But I guess that has been like six, seven months now for gold. And it just came in like a freight train. You can see here the power of technicals on charts when you start to really be patient. And remember, for anyone that's new, there's a reason we say patience. And I'm going to tie this back into today. There's a reason I say react. And there's a reason why I'm not huge on prediction. And look, yeah, I'm sure there's a bunch of channels today sitting there going, yes, yes. And we're going to go crazy. And maybe they're going to go on camera and spin around and do all those types of things because SpaceX is coming. But at the same time, I saw some horror stories this week. And I think also the thing is that sometimes you've got to ask yourself, is this a monumental event? Yes. Is this one of those ones that you're like, wow. You know, I'm sure some of you have it. Some of you don't. Some of you don't care. But it does impact the market. And what it does is it brings energy. So you're all here today and we're all here because we love markets and we probably like the idea of being here during a very important day. I mean, we've got how many people here, like over a thousand people, plus, plus, plus. So heaps of people in here and the energy is here. But what do you think this has happened? People have come into the market for the first time over the last couple of weeks and has bought that energy, which has also rallied a whole bunch of different stocks. So this could be one of those massive transfer moments that we've seen in markets over the last, you know, 20, 30 years when you go into these hyper kind of periods where everybody gets involved. And I think you always need to go back to basics during those times and you always need to say, okay, do I have previous history to go off when I'm making a decision on anything? Do I have the ability for myself to actually say, could I do this lots of times over? And that's where that kind of patience, react, don't predict comes in. And I just want to kind of reiterate that. And the only reason I'm saying it is not so much to be a downer on anything. I'm just kind of saying, you know, that you do want to really realize that sometimes emotions get the best of us. And remember, temperament is the number one thing that makes you good or bad as an investor, in my opinion. All right, so gold kind of rallied back up again, for whatever reason, two hour 50 exponentials kind of holding it a little bit. But just remember the saying, to stop a freight train does sometimes take a bit of structure. So the market has gone lower, low, lower high, lower, low, lower high. You know, it could still swipe a low in the future. If it does, that actually strengthens the case of gold, especially if it rallies off there. So gold, silver, still weak at this point. Let's look at yields, do a quick recap on yields, because they're important. And we can see here two-year yield. Inflation report, meh, not very good. You know, not really a surprise. US 10-year, you can see here, again, just kind of hovering around that support. And oil, because of the, I guess, news that's been coming. I actually had an oil chart here already. So I'll look at Brent. We actually fell to a lower low. Now, we just took the lower low of the lowest point here since this whole crisis has begun. So this is suggesting that oil, at least on the front, is going to be, let's say, you know, cheaper than it was even a few weeks ago. However, this doesn't maybe change the back end. So this is a really important point for oil. And if it can't get back above 99, then it might have just peaked for the time being. Now, I don't suspect it has, but that's a guess. And remember, I said prediction is not really a good idea. So that's my personal opinion. It doesn't really matter. Now, my opinion with my limited evidence is not better than yours. And that's why you look for price action, flows, and data, guys. Something we talk about all the time. What's this SpaceX pre-market? So if we have a look at the code we've got here, SPX. I do have another screen here with a pre-code. Maybe someone in the chat has a pre-pre. If someone wants to put in the price they're saying pre-pre, I guess they could. There's no harm in that. But just remember, they can be wildly wrong. Okay. What will be the opening auction price? Any guesses? Yeah, people can guess if they wish. That's fine. It's a guess. Just remember that. It is a guess. All right. So U.S. oil broke to a lower low, but it has since bounced back up. And what we should be doing, and I'll just tell this to people that haven't come in or haven't been looking at oil futures maybe the right way, always jump out to a later date CL future so you can actually have a look at what the market is expecting in the future. And what you'll notice is that it's still holding the daily 50 on the way up, though it did make a lower high. So pretty important point here for oil. It's still kind of, to me, not necessarily broken lower, and it actually is still holding a pretty high barrel cost. Because remember, what we came from was down here at $60 a barrel before all of this, and now we're sitting at $77 a barrel. So it's anyone that says, oh, well, oil will go back to, I guess, what is it, $3 a gallon in the U.S.? Very unlikely at this stage based on the futures action. And they're generally not right, but at the same time, we don't expect to be lower than that. All right, let's read a couple of the bits of news here coming in from you guys. People are saying it's trading at about $170. Yeah, I've seen $166, $170, something like that. But that would be, I think, what was the price set at? $135. So that would be quite a lot higher. Just be warned. Some of these pre's can get very wrong. So it can be pretty wild. Polymarket prediction is $150 to $200. So there you go. That's different things here. Perpetual contracts trading at $175. Interesting. Yep. So again, that's kind of the price that you're looking at in these kind of cases in terms of that's what they think. But markets can come in. We've seen matches go drastically wrong. What's up, Barry? Good to have you here. Been a long time. All right. So let's quickly talk about, is this the Super Bowl event? I guess in some ways, this is one of those events for traders and investors out there. So guys, look, SpaceX IPO, obviously coming in, rumored to be anywhere from one and a half to two. I mean, obviously, there are a lot of analysts out there that have these types of things. But the main thing, I guess, for us is how will it impact the markets? So you've got to ask yourself, day one into day 15 is probably going to be the most important because, as we know, this is going to be included in one of the major indices and fast tracked. Now, if all of that does happen, it could have dramatic implications to what the other IPO is going to do this year. And also remember, when the market starts to trade something. So we've seen this before. So let's go back in time here for a second. So let's go back to some of the biggest IPOs of history. And we'll go back to Meta for a second here. So when the market starts to trade something, it can get pretty wild. Now, Meta was one of those ones. And I still remember this. Anyone around? Anyone in the chat here around when Meta came in? All those years ago, back in the history of 2012, was Facebook, obviously. But I do remember this day. And I still remember it was meant to launch something around here. Came in like here. And then it just did this so quickly. This was weeks, of course. So I just remember the news was like, oh, you know, yeah, told you so. Like, blah, blah, blah. What a failure. Blah, blah, blah. And it actually went down 40, 45 at one point, all the way down into like the 18s. And you can see the rest is, of course, history and where it ended up going. And this is where I first kind of observed myself that 12 to 18 month slump. So this is kind of where I, the genesis of the 12 to 18 month slump for me. So it was like, if it was tech, it was really well known. I used to think, oh, well, it will, you know, maybe rally at the beginning. Then it will weaken as we see kind of opening and people sell, I guess, the bags or whatever you want to call it. And then we would move down and then rally later on in due course, if the company was any good. Now, you can see here that Meta definitely was one of those ones that did that. I mean, it went from 45 down in just a few days down to 26. And people stopped talking about it soon after. We've seen so many like smaller ones. Actually, let's fast forward to another highly publicized one, which was, of course, Airbnb. Now, Airbnb came in at the back end of December. And if you remember, that's why I said anyone been here since 2020, 21 at least, because you may remember this was a very popular IPO at the time. And this one actually came in and the first period was quite strong for it. This is a weekly again, so it's quite strong. But then it ultimately went sideways and never really recapped that magic again, though it has been basically stayed at the IPO price the whole time. And there's much worse than this, of course, in the markets. So yeah, Airbnb had that kind of rally into sideways. I've put plenty of stuff on the channel over the last couple of weeks for anyone that's new from Blue Kurdic and other people kind of talking about how IPOs generally do trade or how they have in the past. A lot of them come in and the first couple of days can be pretty dramatic as in ups, downs and all around. And then sometimes as things unlock, you do sometimes get weakness. And then we see really where the business is going to come through. But just remember, not everyone is the same. And I think what's, I guess, what have you guys been seeing online? I'm interested to know in the chat. What are you seeing more of? Are people saying this is going to be a disaster and it's going to come in and then weaken straight away? Or are most people saying it's going up to the moon? I have no idea. I assume they're using moon analogies this time around. This is the day markets skyrocket to Pluto. Well, that's what Frost says. So, therefore, I guess, I guess that's the, is that the feeling around there? I have a feeling the second mouse will get the cheese. Okay. People are generally saying SpaceX is a rug pull. Yeah, I've seen a lot of people saying things like that. But again, do you think AI stocks open price will be the cheapest we are seeing today? Or will they dip before they go up? I want cheap price. Everyone wants cheap price. Isn't it? There's not a saying called buy low, sell high for no reason. Buy low, sell high. And it's not buy high, sell low. Well, ideally, it wouldn't be. XXY more. Thank you very much. $20. Really appreciate it, man. Thank you very much. And $20. Thank you. Let's give a clap to XX. Says, thanks for the epic daily content, Tom. No worries, man. I hope you enjoy the content we do. For anyone that's new here and is coming in, we do do daily show recaps where we go through all markets and how they're all interconnected. We will be talking a lot, I'm sure, about how SpaceX and different IPOs this year are impacting the rest of the markets. And to let you know how the impact has already happened. Well, no, there isn't any impact yet. But how the markets have already kind of reacted today. We've seen a little bit of resistance here at that major critical kind of 20 set, 29.7 level. And you'll notice that the market has fallen here coming in. So we're about half an hour, 31 minutes from the open, guys. We have pre-pre kind of markets trading all over the place. But just please be warned, sometimes they can be very wrong in the match and it can get kind of a bit wild there. Thank you again to XX for this. We'll give a couple of chats here. According to Leon Matt, he says 30,000 ComSec and ComSec's an Australian thing tried to order it. So there you go. Short-term rally, nosedive, flatten and trolley. Now, can anyone tell me in the chat how many times oversubscribed was this? I see. I think it was oversubscribed by a certain amount. Maybe it was four. I can't remember. I do see a lot of doom bears, but people with money are buying. Interesting from Darth Buddha. I think it's going to range until we get open AI and anthropic and then everything will drop. So you're talking about the generalized market, I'm assuming is what you're saying here. The hidden threat is the massive oceanic liquidity in SpaceX. It's quite large. Tesla, this is from Minuteman, just so you know. Unfazed says here, Tesla has dropped more than 40% at least six times. Tesla was way ahead of its time back then and some will say it still is. SpaceX being the company of the future won't stop it from crashing. Well, it will. Yeah, well, this is the thing as well. I mean, yes, you're right. Tesla has traded some extreme ranges. So let's have a quick look here at, well, we'll just quickly continue to leave that there and we'll have a look at Tesla. So Tesla's trading down now was up four. It's been very volatile the last couple of sessions because people are concerned it's losing liquidity or losing, you know, I guess traders and investors due to money moving into SpaceX, which I guess is some valid kind of concern. But generally speaking, any time one of these kind of things becomes too popular as a theory, it's usually quite wrong. Remember M2 money supply and 90-day offset to Bitcoin and what else have we had? We've had so many different things over the years and even just great indicators sometimes do it. But if you do go back to history, you will see epic crashes. You know, people don't quite remember even this 2021. You know, you mark this out for Tesla, you know, that's a 64% crash. Before that, you had, of course, this huge one that occurred over here as well in 18, where, you know, pre-split, you went from 24 all the way down to 12. You know, people held through all of this because they had belief. And confidence is very important whenever you're actually considering anything that you're looking at. But it has to be confidence with, hopefully, risk management would be ideal. But yeah, many, many falls. I mean, look at this thing. This is a 42% plus. You've had 42% probably over there. You've had this epic one where, I mean, Tesla went from 400 down to 110. And that's the other thing. People, I just want to tell you guys this because I read the comments. And I just want to say because I just cannot believe it, but it always happens. How is it? The other day, okay, yes, some stocks fell 10, 15, 20% in semiconductors. We've had literally people in the comments section say, it's like, that's the worst I've ever seen. And that's kind of bad because, you know, just to put it in perspective, look at Tesla, 72% down, go do meta, have a look at meta during 22. Unfortunately, if you're in the game of markets, there are both ups and there are downs. And what goes up sometimes in the stairs can come down in the elevator. So it's just important to note that. But yeah, Tesla, a good point. Tesla has been extremely volatile over time. What exchange ultimately? Well, you can see here, if you have SpaceX, you put it in and you're going to get your NASDAQ number. Of course, you've got perpetual contracts here. So this is what people are looking at. They came in at like, what, 200 and something. And then they went down to like 172. I always say these are not this. Oh, why is it? Look at the trade volume suddenly coming into these perpetual contracts. These are not necessarily accurate. They're going to be very careful, guys. Very careful. Please, please make sure you understand that you are completely guessing on those. Because if you have like, when you look at these markets and you think about it as perspective of, you know, what's going on, no one really knows the match until it comes through. All right. Adobe. Yes, we can quickly talk about Adobe here because Adobe did fall. Let's have a look at Adobe for a second, guys. Really bad. And I think it's a good lesson in why you've got to be so careful about trying to predict the bottom on markets. You want to see price action change. So we have a look here at Adobe. It's a series of lower lows and lower highs. And look at this 20, the weekly 20. For anyone that's coming in, the weekly 20. So weekly moving average is a really important moving average because the market continues to find dynamic resistance here, mean reversion basically. And even here, it came up and it never closed above. And I'll give you a little tip that I like in markets. And that is that when markets open above a moving average, don't actually class it as a close or break until it's closed because this is what happens. And it's super nasty because that looks pretty good on the day. Like at some point here, you'd be like, yes. Another thing people do is they sometimes scale, you know, to risk manage. They scale, they manage their risk. But unfortunately for Adobe, it's another low off, of course, an earnings result. And I feel like Adobe is copying the absolute brunt of what is going on with the AI kind of movements here. So have a look at semiconductors just while we're doing it. Let's check out semis here. 25 minutes till the market opens, guys. Welcome anyone that's coming in new. Welcome sub alert. Hit the bell. We'll be covering, of course, the close this weekend for SpaceX's first day, talking about it in more, you know, more of a broad term as well on how it affects the markets and how it will be, you know, kind of moving forward because there's some important factors here. We're just having a look at the backbone of the market right now. What we call the hardware boom is basically our semiconductors still holding up. So far, remember what I just said before, if we've got a market that's kind of, you know, still holding higher highs and higher lows or trading in a trend, then you can't really say it's changed. So we have a lot of vol coming into semiconductors, but we don't have a change of trend just yet. Another way of looking at this is cross analysis, which a lot of people don't do, but institutions do and big traders do for sure. I've seen many of them do it over time. And basically what they're doing is they're comparing relative strength. And you can see here that semiconductors is still pound for pound stronger than SPY. So basically it's still finding strength, even if you don't believe it's, you know, worth whatever it is, or even if you do, it doesn't really matter. COSP, also extremely volatile, you know, know what you're getting into in these markets. There's some crazy stuff going on. Double M, but as we say this year, earnings, earnings, earnings, IPOs, IPOs, IPOs. And we're here today for one IPO. And we actually just saw a bad one in earnings case. These back end earning season results haven't been so good for the old AI. Check this out. Oracle down off, I believe, further capex spending. Just let me know there. I'm pretty sure that's what it was. G12 says, do you think, five bucks, do you think Bloom Energy has any more in it? Now in the energy world, this has been one that's had a lot of people talking. And I guess it's because it's been pretty popular moves. So look, you have to look at a couple of things. First up, you want to go always high time frame. So most people don't look at the monthly. You always should. Why? Because when you look at a stock like this, and thank you for the $5 donation, by the way, big day today. You can see here, this is a stock that came out of kind of nowhere, went from $18 all the way up, you know, to 317. So it's kind of like almost like a hyper growth stock. So you've got to remember that. Then you go to the weekly and you say, okay, has it recently been in an extremely big move? So you've got a lot of volatility here. It had a pit. So this is a sideways kind of action. A lot of volatility, pit, sideways kind of action. Market has rallied extremely hard. And then of course, it started to go volatile again. So generally with volatility, what I like to always look at is when I see vol come through, I like to be, if I'm not already in that particular thing, I would generally want to have patience. And then I would look for the trap. And what I call the trap is usually the steel of liquidity. So in this case, there's trap here, there's a trap in here, and there's a rally in here, and there's a rally that comes in here. So if we look here, this could be the trap because the market made a lower low, but we don't know that until we actually see a bid. So that's where that patience comes in. So what are we kind of looking at here? You're looking at a gap fill. These are just kind of the technicals. You've got a gap fill. You've got a market coming down to that level. This is probably where a decent amount of trade has gone through in the past. You've got a slight change of trend towards the downside, which isn't good. So it kind of needs to find a bid. So it's critical, critical. And so is oil at these prices. So that's critical level there. Shelley, $20. Thank you very much. You do such an amazing job. Thanks for so much of the hard work and being here every day for all of us. No, thank you guys. Thank you, Shelley. Appreciate you and appreciate each and every one of you. And I got to say that we've been done doing this show for six years, since 2020. And, you know, yes, I think like one thing that we've done amazingly together is there are people out there that I met. I was at a convention last week. And I've got to say this, has anyone here like watched since 2020 and watched almost every video? I've had people come up to me and said, Tom, I've almost watched every one of your videos. I've had one guy say he did watch every one. That is extremely dedicated. I've got to say that is, well, you must be getting pretty, hopefully pretty damn good at the charts. I'll tell you what, you're doing your 10,000 hours just in watching these vids. But, yeah, it's really, really massive. The community we have is the best. You know, you guys are the best. You know that. And what I mean is that it's like-minded individuals. And I meet a lot of you. And it was so funny. I was having a chat to someone. And I said to them, I said, oh, have you seen this particular video? And they're like, oh, yeah, that's in my stream. And I thought, how could it be that we've never met before, but because you guys are, a lot of us are actually very similar. So, what actually ends up happening is half of us watch the same vids. I just thought it was so funny. But, yeah, appreciate it, guys. Gary, good to see you again, Gary. I met you, of course. I'll buy SPCX when it gets to $40 to $60. Okay, very cool. Nice to see you again here. Adobe, a big trouble. Their submodel is facing major pushback. Yeah, I can believe that. Shelly, again, thank you so much for the donation. Korea has gap ups, and it is still all over the place. Yes. I've tried to figure out. I haven't tried to figure out the price yet. I'm going to wait for, like, 12 months and then see what the market is from and phased. It generally agrees on. Yeah, well, that allows it to go through a couple of earnings reports, and then you get a little bit more information. So, we'll just take a look at this from a technical side. The markets themselves, the NASDAQ has come in at a very flat rate. The general kind of consensus here this morning is that it's going to be a big day. I mean, that's all we really know. It's going to be up, down, and all around, potentially, with markets moving forward. And it does look like at least the perpetual contracts are trading higher, but who knows? It's a guess. It's a guess. It's a guess. Who's going to win the NBA finals, guys? Is it going to be the Knicks, or are they going to – I mean, what is it? It's a high statistical chance now, yeah? Neil says, here, I've been around since 1945. Oh, wow. Welcome. Wow, that's awesome, Shelly. Thank you. Kevin says, I've watched every video three times. I can believe that Kevin may have watched the videos quite a lot. You've been here a long time, dude. Appreciate it. Is PLTR dead? Ah, well, thanks for bringing it up, Nos, because, again, in days like this – and I'm just trying to be an equalizing force here. In days like this, you've got to look at the markets, and you've got to say, okay, well, what was super hot? I mean, it was super hot. Like, look at this, 24 into 25, and then everyone was – this was the volatile point. So, oftentimes, this is where I actually say, yeah, as it does this, like here, I'd be like, cool, that was really cool, cool, cool, cool. But you can see here, the market actually went up further. And it depends – you know, traders don't really care. Investors do care, of course. But you'll note here, this was extremely volatile. I just want to mark this just so you get a bit of an idea. 47% down, and then recovered it all, and then went on to new highs. So, just remember, that's still a healthy, crazy, you know, number, but then it obviously went higher. So, yeah, to me, this is kind of the early warning. And I bring this up because if we actually have a look, and there's a real similarity here. If we're going to go back to the queues – actually, we won't use queues because it wasn't around until 1999, really. So, if we have a look here, and we go back in the history of the histories, we get rid of whatever drawings there are there. I just want to go back to 2000. You're probably sick of hearing about 2000, but it's worth considering. So, if we go back and we kind of think about this huge epic rally, these may not seem like much, but these actual market drops are – you know, they're 10%, 15%. But then we get this one here, okay? And this one is fairly considerable. I don't think it's showing because of monthlies. I need a weekly candle. One second. If I know my slight history well enough, which I do, then we – yeah, there it is. Okay. So, we did get some pretty big volatility in here. And I just want to kind of point out that this is someone that understands something's happening in the market. 14%, 15% kind of drops here in the NASDAQ, around that .com. Does the market still rally up? Yes. So, when volatility comes into the markets, guys, and this is what I'm getting at with semiconductors as well, sometimes the market will actually push a higher high. And then it will – then it will see an extreme amount of volatility. So, if you get volatility like this, and then you get an extreme amount of volatility, you've really got to start asking the question, what exactly is going on? Because once you get this extreme amount, like look at this thing, that's an index that drops – I mean, people don't quite understand. Imagine tomorrow, in three weeks, the NASDAQ drops 35%. And you might say, well, Tom, can't happen because we've got real earnings this time. Okay. Anything can happen. Never – expect the unexpected, not that I expect 35% either. But this is a massive drop. And when that occurred, you know, what ends up happening was, of course, it's still rallied. So, just keep in mind that we have the biggest margin ever. Margin has accelerated. This is debt. Debt margin has accelerated at levels that we only have seen kind of like a handful of times. I'll share the chart. I'll share the chart of the acceleration. You're all going to be like, whoa, that's crazy, over the next couple of days, right? Probably next week in one of the videos to sub for this. The acceleration is similar to 2020, 21. And it's also similar to this period over here and similar to the others because debt acceleration is super important. So, we'll check that out. We'll check that out. But to answer the question on Palantir, it's having to sleep. And why? Because when markets rally this much, they reprice the future. They're pretty good at that. They're pretty efficient at that. Extreme volatility comes in and then the markets have to do a pullback in time that takes ages. Why? Because the market has to recatch that price. So, you really need to have exceptional figures to be able to continue this. So, is it dead? It's probably not dead. But the market is recapturing the price at this point. So, you can see here, most important things, monthly 20, holding this level of support. It's very important for it as well. Otherwise, it could expose previous kind of most traded areas. And now, it's in a range bound. So, you're kind of stuck between 1.8, 1.60 and 1.27. And the market is just trapped. Trap, trap, trap. Thank you very much to God so loved the world. Thank you very much. I don't know why it took me so long to read that name. Appreciate it. Thank you for the support of the channel. Who is going to win the World Cup? This is a great question. The last one had over 4 billion views. Who watched at least some of it? I certainly did, Seb. I certainly did. Pox says, PLTR trade is over. Clippy says here, you and your community got me a new car. I spent all night driving. Thank you, Tom. Oh, sweet. What kind of car did you get? Did you get a sweet car? And by sweet car, I mean a reliable car. That's a sweet car. No other car is good, guys. Only reliable cars. You need that money to invest and your future so that you can retire earlier. Ideally. Not 75. Ideally. The country who wins the final game will be the winner. That's good. Good. I see that. Saw it live. It was amazing. Very cool. Anyone at the Knicks game the other night? I want to know who was at the Knicks. The Toyota. The Toyota is not as reliable as it once was, though, guys. It's not as reliable as it once was. SpaceX, of course, code here today. SPCX and futures trade. We've got, what is this, 12 minutes till the markets come in. So let's keep going around and having a look at what's going on. It's actually kind of like almost the calm because markets found themselves at that resistance. So, of course, just to recap here again, S&P just below that 7,450 area. This is like that kind of, you know, gamma kind of zone. So that's why we're sitting there. NASDAQ, 29,7 kind of area or 29,650. Previous resistance, close zone, kind of important. High, low, higher, high, no lower low yet. So markets still resilient above the 50 exponential in the two hour. Looked at gold, looked at yields, looked at oil. Dollar itself actually fell. So to show you here, the US dollar fell off the Trump news. So we've got here the resistances, boom, boom, boom, boom, boom, boom, boom, boom. And we haven't broken through this point. But if the dollar does break, you know, 140, 150, that's going to be pretty significant, I think, in the future. We'll watch bonds. I think that's when bonds will wake up. The fear of the unknown will get the bonds. The fear of the unknown. Tom, Dowell just got a massive insider trade, says Brian. I did it. Let's have a quick look at Dowell. Now, I've got to say, people in our community, they spotted this in the technicals. And I mean, it doesn't seem like it was that long ago. But I mean, it was literally in the technicals in here and in here. It was pretty crazy. So they spotted the technicals. And if you actually look here, you can kind of see there's some, some nice action here. Well, nice price action that happens here. When I say action, I mean price action. But this is, this is pretty crazy. Like that is, that is an obscenely large candles. I mean, what the? 104% candle. I think I got partially a cataract looking at that. 104% candle, guys, on Dell. Who had that on the bingo card for the year? What? I reckon you'd have to have, you know, maybe you just close and you would like, you just like close your investment portfolio and wouldn't even know that it existed to hold Dowell that long. You've got to have steel. I tell you what, that's steel. Wow. But in essence, you know, there are lessons to be learned here. If you were following your, your, let's say you said, okay, I want to hold Dow. All right. If you were just following higher highs and higher lows and higher highs and higher lows and higher highs and higher lows, guys, it never changed trend to the downside when it started rallying. Now, is it extremely volatile up here? Yes. And I think you cannot discount these huge drops. It kind of reminds me of that Palantir thing. You know, it went sideways for a while after, after this big fall. And I think that's the problem with the current market is we just saw certain semis, certain semis, if we have a look here, was it ABGO, get kind of walloped over 20%. So when that happens, you know, you've got that volatility in the air, it tends to make a pullback in time. So I don't think, you know, the markets are going to be that crazy. And they're going to be volatile, but I don't think they're going to be like, you know, going off into the moon. Hopefully not. Mitch says here, whoa. Mitch, thank you very much, sir. Now I know Mitch and he's a bit of a champion, by the way, guys, but let's, I don't think we've ever had that. It's history, guys. Mitch, thank you very much. Wow. 50, 50 trading academy memberships. 50. Jeez, dude. Sir. [00:50:56] Speaker ?: Whew. [00:50:58] Speaker 1: Wow. Who got them? I don't even know who got them. How do I tell? That's why you've got to have, whenever you watch these streams, guys, you've got to have your, your, I get the free membership. I get the free membership thing. If someone gifts it, look at this, look at all these people that got it. Congratulations to all these people. Look at them all. We've got two mass, two mass, two mass, sounds like Thomas, my name, we've got Gilla, we've got Scorcher. These people probably never even said anything in the chat, but welcome, welcome, Gary. Well, deserved. Thank you. Keith as well. Fantastic. Lisa, Darth as well. Wow. People I've seen for years. TX. Look at them all. So many. Now, Mitch is a champ, guys. And you know what I will say about Mitch? Is Mitch, because I know Mitch, and he's done one of our courses, actually, I think he's done all of them. And he applied his knowledge in terms of, you know, himself, he's fishing for himself, guys. And I've got to say, congrats to him. Hell yeah, Mitch. Because Mitch, Mitch just basically, you know, completely has, has, I would say, dedicated himself to the charts, guys. And that's what it takes. You've got to dedicate yourself to the charts. You've got to dedicate yourself to the passion of anything. You want to be a good fisher, you've got to go and actually do some fishing. You know what I mean? You've got to go do some fishing, but also you've got to learn and you've got to educate yourself. And no one else is going to educate you in the world as much as you're going to educate yourself. And you've got to go and always do it. If I want to get good at gardening, guys, I would go do a gardening course like that. I don't particularly want to, but one day I will. One day I'll be gardening those peas and those tomatoes and everything and saying, hell yeah, I'm organic, guys, because I don't want insulin resistance from the GMO. And basically, that's what you want to be doing. You want to be constantly doing that. So thanks. Thank you, Mitch. Thank you. And also, well done to you. We've got here, Fizz Mapping, five bucks says, is WiseTech Global oversold? Okay. We'll take a look at that. Five minutes till the market opens here, guys. We have the SpaceX ticker here, SPCX. We've got the futures of the futures going just in case to have a look, though they can be drastically wrong. Is there a new gardening channel coming in? I think I'd be doing a fishing channel first. But anyway, the gardening channel, who knows? Gardening with Tom, 3,000 subs. [00:53:41] Speaker 2: It's just me planting broad beans. I've been talking about market musings. All right. So let's have a look here. [00:53:48] Speaker 1: SpaceX. Yes, yes. AVGO. And then what did we get asked a question? Then Global WiseTech. What was it? Is it just this one? Is that the question we got asked for? Let's have a look here. WiseTech Global, yeah? Oversold. Well, it's pretty sold. All right. So we go high timeframe first. Oh, freight train, man. Freight train. So market down, huge. We've got four minutes. So we'll get back into the market in a second. We'll just finish up this. So we've got monthly down, massive, keep it up, high timeframe. The reason you want to do that is you say, well, are we out of support? I guess so. You could say this is a bit of a key support. Daily, we can see here that the market itself making us lower lows and lower highs. So lower, low, low, low, low, low, low, low, low, high. There's no change of trend. So you don't even have to stop a freight train, take structure. That's one of the sayings on the channel. The reason it stops you from being crazy and buying the dip. And if you bought the dip at the wrong time, you just keep getting dipped on and dipped on and dipped on. So, you know, there's that psychology study. And I always say this, if you buy the same price, you might think that both the left and the right are actually equal. Who is more likely to do better long-term, guys? The one on the left or the one on the right? Which do you think? I'll give you 10 seconds, okay, once we catch up. Thank you very much to Fizz. Mitch, again, thank you very much. All right, let's go. We got three minutes here till the market opens. We got three minutes till the market opens. The right, the right every time. The right, the right, the right. Man, you are big, smart, big brain people. Elon is live on CNBC. I'm sure he is. I'm sure he is. He's probably just sitting there. Oh, man, imagine him. Imagine how he feels knowing that he's probably going to become the first trillionaire. Oh, my goodness. All right, markets here, a little bit up. We've got here NAS coming up 0.16. We've got US 500 up 0.3. Yesterday was most of the action. Let's get back to the NASDAQ here. I'm going to load the little SpaceX ticker on the side because we need to look. We need to look. Wait, do I have the right thing here? All right, there we go. So there it is. Now, it probably won't. I don't think it actually launches on the open here. But anyway, here we go. Two minutes, guys, till the market opens on a big day. Why is it a big day? Because you are witnessing the largest, most likely, again, speculative, I don't know, IPO ever 12th of June. Be careful, guys. You have no idea which way it all ends up. But one thing you do know is it could be another two this year. Oh, wow. This is, of course, in the game of investing and trading, one of the biggest days you'll ever see just from the point of view is you knew where you were. You were on the FXE Trading Academy stream. Thank you very much, guys. And you were here with, let's just say this, over 2,000 plus other people across the YouTube and X space. Appreciate everyone joining us on X as well. All right. No, no, no, no. I'm chill. You got to remember when it comes to these things like SpaceX, for me, it's all cool to observe. I love that. But, you know, I like, it's like, it's kind of like when, you know, I used to like Microsoft as my favorite stock. Why? Because it was boring, but it went up and it went higher highs and higher lows. It was glorious. And it's the same thing here. You know, this is, this is one of those ones where I don't know if I can handle it. Remember, I'm from, I'm from Australia. You go to sleep and you wake up. Imagine, imagine sleeping through SpaceX. I don't know if that's so easy any day of the week for the next kind of couple of months. That's scary for me. But anyway. Is this like the new year countdown? Yes, it is like the new year countdown. Here we go, guys. One minute left. One minute left. Here we go. Thank you very much. Appreciate it. I'd love to see SpaceX cascade down and then listen to Tom losing it. Yeah. Well, you remember, Kevin, that day that that crypto crashed and I was sitting here live and I was like, whoa, guys, it's like $40 down my coin, like two seconds. All right. Well, markets come in here. We are open. Ding, ding, ding, ding, ding, ding, ding. Is that how it sounds? I wonder if there's ever going to be another like massive market like the US in our lifetimes and then, and then you get like a new type of bell or maybe they'll update the bell. All right. So we have here, no trade, no trade there. And we have over here at the market kind of floating around. You can see it went down 0.03. So I'm assuming we're going to see this probably a little bit later on. Let's see what else we could get just like a drilling sound. That could be it. I'm just refreshing a few little streams here, guys. If you have like some numbers that you can throw in there, you can always chuck them in the chat. We'll see what we're kind of seeing here. But look, I think the expectation is, yes, we've gone to the open. You are here on the 12th of June. It is Tesla, Tesla day, SpaceX day. But it's going to be probably launching, I think, a little bit later on. So it's probably going to be 11 to one, something like that. Market is flat as a tack. Of course it is. 357. Eight. You don't have to have money on the Super Bowl to watch it. That's true, Scorcher. That is absolutely true. That is very true, sir. Great comment. Likely not until midday. Yeah, that's right. Generally safe. Okay, CNBC. Here we go. We'll break in live a couple of times while the leads try to settle the trading before they officially open it for trading, at which time they will buy it. That's what Keith says. Okay. Tronit, thank you very much, new member. Appreciate it. Thank you. Man, you guys are legends, I got to say. How is it possible so many awesome people exist in the trading investing world? I mean, I met some of you in New York City when I was over there. I hope to come back very soon to America and meet all of you guys. Awesome in Vegas. Awesome in Cali. Awesome in New York. Awesome in super awesome. Also in Miami. Miami was a terrible cafe though that I went to in Miami, but that was my own fault. They served me a latte and I think it was a milkshake. SPC, negative 21. What? Oh, this is the futures. The futures, guys. No worries, Fizz. You are a great person, Tom. I look forward to you summarizing each day. Yes, well, we'll do a big summarization this weekend. So that'll probably come out Saturday evening, I would say, in the US, guys. That will be my thoughts on the SpaceX first day, how things are really playing out here. We're down 0.16 on the NASDAQ. I got to go to the one-minute chart here, guys. We don't often, we never go to the one-minute chart, but why not? We can have an exception here for SpaceX day. Look at that. There you go. We're on a one. This is, has anyone ever been on X? It's like, I got to start doing this. And there's like the, oh, it fell a little bit there. Just lost 0.2%, guys. Oh, 0.3%. So yeah, that what, I'm kind of getting to the point here. And you see like those one-minute charts and it's like, collapse. And then someone's like, and then, I don't know, they posted collapse. And it's like after NVIDIA earnings. And it looks like a giant red candle, but it's actually someone that's zoomed in on a tick chart and then taking a photo of the tick chart and then made it really tall, like portrait mode. And it's like 0.2% move. They're like, collapse. Oh, man. [01:02:05] Speaker 2: All right. So we actually have moved down here. Like this is, this looks scary. If I do this, I'll show you. This is what they do. [01:02:12] Speaker 1: Look at that. First three minutes of trade. And it's just a giant red candles. See, it looks really scary. Come to Thailand. Love Thailand. Love it all. One-minute chart. Yeah, we haven't gone back to the one-minute chart in a while. 1.65. Yeah, that's all I see on it too. But again, it's a, it's a guest market. No one likes a guest market. Let me have a look here at the other markets. Give me a sec here. Why is there, can you want to tell me why in 2026, we have markets that bet on markets that bet on markets? Is this inception? Why is there three different products that are from differing random places in the world that are on the same thing? Microsoft 384. So we've got obviously no launch here yet, guys. No launch here yet. But the markets, let's go to the broad. So we've got here down on most of the, let's say, Big Mag 7. Microsoft down 1.53, as someone keenly observes here in the chat. 0.44% down on Google Alphabet. The old Apple. Now, I'll just, oh, that's going up now. Anyway, that looks like a lot. But I want to kind of show, because we know we're not probably going to get anything here on this code for a little while. So let's have a look at Apple here for a second. So we go to the daily, and you can see, you can see here that we have this massive rejection candle. I can tell you that this week, to me, when I saw this, and this was, of course, Monday, I was like, oh, that's going to be a bad, maybe next one, two sessions. Because that looked like an absolute steel candle. And I did say that to the Market Masters Club over on our website, fxevolution.com. But this was a huge candle, like it was a huge candle. And more importantly, it was a huge swipe. And it was actually coming across the board. So there's weird things happening in this market that we haven't had since March lows. So since March lows, we have strange things. We've got ABGO getting thrashed. We've got Apple kind of doing this big rejection. We've got mag stocks, guys. Look at the mag stocks. [01:04:41] Speaker 2: I think our mags analysis, why is it loaded like that? That looks like that meme. Oh, no. Look at, it looks like a meme. Quickly, get rid of that. No, but the mags analysis we've done, you know, the meme with all the lines everywhere. [01:05:01] Speaker 1: And then the guy's like trying to explain it to somebody. But yeah, it was pretty good. I mean, double top, obviously mags weakness, good. But the mags spy chart was really the one. Because you can see here the underperformance of the mags. Look at it. And it all started 2nd of June. And what I want to say, because you've got over 3,100 people here across platforms. Thank you guys for coming in. I want to say that the thing about this is that markets do things. They show in the price. They show in the flow. They show in the data. The three principles of the channel. Price action, data, flows. Price action, data, flows. Price action, data, flows. The reason we do it like this is because what I saw when I worked in the field, like when I worked in the finance field, when I spoke to the guys, the bigger investors, they always said the same things. They always did cross. They always did. They did use like a bunch of price action, mostly the psychology of the markets. And in general, the one thing they didn't have is they weren't able to be nimble. So they tended to go for a while. They actually stayed in a position for a while. But this shows up. It shows up before the press. And that's why I say if it's in the press, it's in the price. That's what makes today so insane. Because of course, SpaceX coming, it's in the press. I mean, everyone seems to be talking about it. And people that don't even care about markets are talking about it. I don't think there's too much else that's really happening here that's that interesting today. I mean, it is going to be all about SpaceX. We don't really know the launch time, by the way, for anyone that's coming in. It's probably going to be somewhere, I saw that generally, according to Google anyway, somewhere around 11 till mid early afternoon. But there are some tokens kind of going. Anyone got their latest token price? Let me know in the chat. Adobe SEC Rule 201. Okay. From Mikkel. Not sure what that means. Tesla is rising. Let's have a look. Let's watch Tesla here on the left-hand side. 402. True. 402. This is probably the kind of linked stock, I guess, people are concerned about. I think Tom's broken out the scotch now. NVIDIA moving up. Yes. The markets have slightly turned. The S&P is just above flat. The NASDAQ is now not down 0.3. We're taking the elevator. Thank you again to Mitch. Always appreciate it, man. Thank you. Thank you to everyone as well that became new members. We've got Nathan as well becoming a new member. Just so you guys know, these are supporter tiers. So, if you do want to become a member of our website, of our Market Masters Club, that's over at fxsolution.com. But to support on the channel is awesome as well. I appreciate it. And I just want to let you know. That's cool. Tom, we like gold. Gold is good, but gold is at $4,200. Gold is at $4,200. Gold has been horrific. But as you know, one of the things that we said in January, whenever I was lining up and we went, oh, no, I've got to take a glass of water here after this glass or something. That was terrible. Oh, when that jet, oh, the lines, guys, the lines. It never seems to be different. Oh, there was a video. Did anyone see it? The Australians, they were lining up in Sydney trying to buy the bars. And it went round and round and round the corner. And, you know, it was dead. It was no good. It ended up going up another, like, $400, $500. [01:09:00] Speaker 2: But, oh, man, it was, oh. [01:09:03] Speaker 1: Oh, why? Why couldn't gold have just gone a little slower? It didn't need to go so fast. It didn't need to go so fast. It can be like the turtle and the hare, guys. The turtle is okay. But, yeah, this was where the lines were. The lines were in this $5,000 to $5,500 level. The good news is it's been six months since the lines. So that is encouraging because the market got thrashed. It took out a low, which is good. And it came down to, of course, a more key support. And now the question is, will we see some nice structure? We don't know yet. Markets dropping. Oh, market just dropped 0.4% while I was talking about the lines. All right. Let's have a look here. We've got to go back to the one-minute chart for a second just because we need to see that dramatic movements. So it's actually been relatively wild, I guess. 0.6 down. It seems like just a normal day at the moment. 0.55 up. Markets certainly have more volatility in them than they did just a few weeks ago. Up, down, up, down, up, down, up, down. Crude's flat. Oh, yeah. Yields are up 0.9, 0.98. So 1% here on both two years. So, yeah, yield's definitely moving up there. No dollar movement, though. Oh, about to bank a new lower low. A little, oh, lower low on the NASDAQ. Oh, no. All right. Let's go take a couple of questions. You've got some broad-based questions you want answered. We'll try to answer them the best we can while we wait for this. Whoa. That one-minute chart, I'm telling you why, it's tripping me out, guys. Too used to looking at dailies and weeklies when you see the... This takes me back to 2007, 2008 period. When you're looking at one-minute charts, you get... It looks pretty wild, doesn't it? Like, if you came in and you're watching the stream the first time and you're loading up that chart, you're like, what just happened to the market? Because we never look at the one-minute. What's Musk saying? I can't, obviously, scream CNBC. What's he saying? I assume he's like, yeah, it's pretty good. US dollar, yen. Do you have any carry trade concerns? Yes. I mean, I think it's fair enough to... We'll put that on the right-hand side here. I mean, look, this 160 is that critical level where you may see, well, more intervention. You can already see it's kind of taken a hit here. Look, this has been the story of over a decade for me. I first got really concerned about Japan in 2012-13. Obviously, I looked at just the numbers and went, whoa, that seems like an experiment gone wrong. Fast forward and the experiment's double as bad as it was back then. So will it be a problem? Yes, I believe it will. But it's probably not the catalyst. So that's the key. I think you need to understand where the catalysts come from. Catalysts do come from debt, but it's probably not going to be that one. That one's clear. Like, it's going to be part of the problem. If you've ever done your studies on 1929, no one can agree on why it all happened. Does anyone know exactly why it all happened? Well, there were, you know, 10 different theses. Funnily enough, a lot of people blame tariffs. So tariffs were actually a portion of it as well. But what it actually is, is it's an exacerbation of the system. So the system is heavily indebted. The system is gone for a long period of time. The system's all, like, feeling fantastic and stuff. And then everyone thinks it's all great. And then a lot of people actually get a lot of social disharmony often around these periods. And then you get these epic new techs and technologies. And then often you get a crash. So I think that it's a problem, but it's not the major one. I think there are other things going on here. Inflation takes a long time to go through the system properly. Yeah. A lot of people are worried about fertilizer costs more in the crops coming in next season for the US. Musk is saying, well, it's really worth a lot more. Is he now? OpenAI and Anthropic won't have much funding liquidity. Look, to me, OpenAI and Anthropic are probably the two most interesting because we don't really know what the burn's like. Oh, the one minute looks so nasty. It just continues. Oh, it's down. So 0.6. So we've flipped from 0.2 up to 0.3 up to 0.3 down to flat again to 0.6 down. So it's actually been a relatively violent kind of beginning open here. And I know it doesn't seem like the problem is, is it's been so violent the last couple of days in terms of, you know, this doesn't seem like much. Like you want to take it like yesterday, we bulled like almost 4%. So you've got these huge moves going on. 0.6 doesn't seem to be doing much. And that's because you expect resistance here. Now, what's interesting and why I've zoomed out here is NOS just took that lower lows. That's why, you know, one minute chart ain't going to do it no more. We've got to go back onto at least half a decent chart. This is the 50 exponential moving average and the 20 and then, of course, the low. So very important area for the markets to see how they test this in the first couple of minutes. We'll watch this one. Need more info on the carry trade? You can go into the bushes and weeds a lot for that one. And I think you end up coming out, you always go, you know, what, what good does it do me? I guess in trading and investing, one of the things that I've also realized is sometimes it's, do I really, even if I understood it, what is it going to help me with? How is that going to change my ability to do well or poorly in markets? You know, I sometimes, you know, sometimes you, you don't even want to know that. I find like the people that do the best for at least a period of time are the ones that have never gone through a crash. Because they have absolutely no fear and they do it. Unfortunately, the problem is they end up getting throttled. I've got a story. It was someone in the community and they come from years ago. And I remember before they, they came to us and they became a student over at effectsevolution.com. The, the thing was that they made a million and a half bucks and they did it all the wrong ways. And of course, unfortunately, story as old as time, they lost it and how they make it meme, meme stocks, guys, 2021. And what happens? Well, they, they went wild and they, they thought they knew what they were doing. And unfortunately it hits us all. Anyone in the chat ever had that happen to them? They thought they knew, they thought, look how good this is. And then unfortunately you get that slap in the face from the market. 48% of U S household stocks, 48% of U S households hold stocks from Harry, same levels before 1999 sell-off. Who is left buying stocks? Is it SpaceX, Anthropic, OpenAI, the top? Well, the percentage is a good percentage there. I actually think it might be slightly higher, Harry. I heard it slightly higher than any other time in history. Correct me if I'm wrong there. If someone knows, Daniel says here, how long do you think it will take before SpaceX starts trading? I think it's probably going to be at around 11 a.m. to one. I think it'll probably be later. I think it'll be after one, 12 something to guess though. So maybe I need to think a lot less about the carry trade. Well, I mean, you can do it if you want to. I just, I just have to ignore it because it just does my head in otherwise. Again, if I'd worried about it for 12 years, then, then you'd never be able to do anything. Beginner's luck from Gary says here is the best until it takes your head off. Speaking from experience. Yes. Unfortunately. Yes. 2008. Yeah. Well, that's the other thing. People getting into 2000. People don't remember before the GFC, you had extreme bull runs in metals, extreme bull runs in energy, extreme bull runs in so many different markets. So, so many different markets had extreme bull runs. Andrea, five bucks. Hi, Tom. Can you have a look at Barber? Sure can. Thank you very much. Got to go. I have to keep a positive mindset. No worries, Bambino. Keep positive, sir. That's good. Abundance mindset, sir. I think there's a decent amount of demand. I think the thing is that at the same time, you know, what is really the cost of what's the return on investment is really the question. Nice work. Congrats to you. Point is, you're humble. You're humble. I can tell you're a humble individual. Nice. It's all red. Yeah, but it's not as red as it was a few minutes ago. We hit the 50 exponential and it holds here. One minute fear and greed indicator would give you a migraine, Tom. It would be insane. AI is awesome when it's free or nearly free. Just look at Google search. Would I pay serious money for that? Hell no, says Jeff. Why does it launch later? Why does it launch later? Because what happens, this is pretty common. It's so big that they have often that kind of problems amalgamating it all and getting it all sorted. The actual futures of the future, though, did drop a few bucks there. I think it's at like 160, but who knows, guys? That's questionable at best. What's Silver doing? Tristo says, I'm in Brisbane and I'm going to wait. I'm wanting to stay up. Oh, it's not going to be easy, Tristo. I'm going to be here all morning, dude. Just so you know, in Australia right now, it's midnight. This is the thing. Any Australians? Actually, anyone from New Zealand here? Guys, you have to salute people from New Zealand that trade or even think about trading into the investment, into the US market, unless they just do the close. But I would say the close is probably the best place. Roland, what's up? Thank you for coming in. This person has a portfolio of 0.2% meme stocks. Okay. People assume AI cost will stay the same forever. In fact, it will continually reduce. Yes, I agree. It will reduce. Okay. Goddess, thank you very much. Interesting comment. Fidelity is down. Okay. Fidelity, what, crashed. Is that right? Okay. Hopefully, you do better soon, Raoul. But abundance mindset is good. When is it projected to launch? We can have a look here. Anyone in the chat know? Any updated information? I had a look before the screen. Generally speaking, if you look at IPOs. I guess we'll have a quick look here again to see if there's any information. The NASDAQ open window, 950 ET. Hey. What is this? I'm just reading some articles here just quickly. Okay. Yeah, this doesn't really help me. What? First indications for opening price appear at 950 AM ET. Okay. Did we actually get that? I don't think we got that. Let me refresh the pre-pre-IPO numbers. Hmm. It's 9.54. Yeah. 10 AM. Including to unusual whale. Okay. And then 10 AM. Come on. I just want to see the pre. Give me the pre-pre. I want the pre-pre-pre-pre-pre-pre-pre-pre. Let's get the pre-pre number. Might as well. This is correct. Okay. [01:23:20] Speaker ?: Okay. [01:23:27] Speaker 1: We didn't talk about the numbers. Why would we talk about the numbers? I think you all know. What's your opinions on space ETF? Yeah. Well, I think this just shows you the energy that comes. Oh, that's not the one we want. This just shows you the energy that comes into markets when you kind of get these huge events. Where is it here? All not stocks. And we need here the space index. So very crashy recently. I think that makes sense. A few days out from the big one, you get a bit of a crash. But the problem is when a stock loses 20% plus in only a few days, just usually it goes sideways for a while or down, man. I mean, that's just what I've observed over the years. Like that is just a worrying, like this creates this type of thing, you know, more so than not. So I don't really like, I think there may be a bounce. Don't know where, because again, it's a questionable thing on the way up. But if you have a look here, the weekly 20 was the best read on the way up. So you got here one, two, and just happened to get close to it right there. So, yeah, we're watching the 50 exponential on the two hour for the S&P. And let's go back to looking at SpaceX here. Anyone got a match? Let me know in the room. So at least we can kind of see. 174, is that real Ash? Indicates 174. Okay. What are those strange futures? I mean, these are, just please be warned, guys. These are rando numbers, okay? Rando numbers. You don't know till you know. Let's have a look here at the, what was it? The random, they were random perpetual futures here, weren't they? Oh, I don't know. I don't even want to look at them. We'll just leave it there. I got another refresh over here. 174 coming in from a few people there. Wall Street Journal. NASDAQ will start accepting orders at 950 EST, but probably won't open to noonish. Thank you, Humble. Appreciate it, as always. Strange semi trade. AMD Intel up and NVIDIA is down. Yeah, NVIDIA really is struggling. Let's have a look here at AMD. Load AMD up. Oh, strong, strong recovery there. Similar to all the other semis, still holding, still holding for now. So volatile, though. Like, how much did that actually drop as a percentage? Yeah, so 20. I don't like that. Like, to me, this is a very big worry in technical terms. It's not that the recovery is not there. You know, that's to be, you know, expected. And recovery is fine. But the problem is, is then you get kind of like, you know, the possibility of getting back to 786 FIBS or 75 FIBS, that kind of thing. And this is where the danger zone often begins. So have a look at the INTC, which has been another big drop. And then recovery, again, it's fine because the trend is so heavily up. But this is, you know, these were just boom, boom, boom, boom, boom. Then we got that massive sell, 20%, recovers, did what I was kind of talking about AMD there, then dropped again. This one might be just more of a sideways for now. But, yeah, not as easy, not as easy. As a software consultant, I just don't get impressed by what I've seen with AI. This is from Scorcher. Yeah, creative stuff. It can whip up. But coding isn't correct yet. I heard that Anthropic's pretty good. Any coders out there, Anthropic, coding, you know, you don't have to say. You can use alias. Tell me what you're thinking. Are you surprised IGB hasn't really found a bid yet? Not really. Because when you get a crash in markets, the first thing that usually comes back from the crash is the strongest market, which is the semis. So that's what happens first. SanDisk and MU. Let's have a look at SanDisk. Actually, you did just kind of put me back there a little bit. Whoa. Wow. That guy, that 2,400 upgrader must be happy with himself right now. Wow. Never lost trend either. Just goes to show you. Never lost trend. That is impressive. This stock is definitely wild. SanDisk price target rises again. Barclays, Cantor, Fitzgerald. Everyone's upgrading. All lifted forecasts. All right. Let's have a jump on over to Finviz here for a second. Let's have a look here at SNDK if you want to know where you get it. Finviz.com. Bitviz.com. Not sponsored or anything, but good website. Now, this is all the news. I like this website. It's been around for a long time. So we'll scroll down here for a second. Oh, they're the insider sales. I don't want that. Where's my upgrades? Ah, here. 2,300 May. Oh, so these haven't been updated yet. Look at these other dudes. They're all like, they all had 1,080. They're like, oh, I better go join that guy, I guess. Wow. That is wild. So what did they upgrade it to? I tell you what, guys, the picks and the shovels. That's where all the money is being made. That's all they care. All anyone cares about is the picks and the shovels. And it just goes to show the analogy back from the 17, 1800s. Still works in 2026. How is that possible? So markets here, flat now for the NASDAQ. It bounced off the 50 exponential, which is, you know, that's a key level of support. So on the small timeframes, so probably no surprise it gets. And that's why I think, you know, it's important to note that whenever you look at technicals, that you often do have these key levels that interact with markets. And once you start to see them, you can really get a lot more evidence there. MChief says, lol, Claude code rips. I assume that meant good. Auroboros says here, codex on 5.5 is pretty good. Needs a good handler. Coding is literally what AI is best at. Agreed. Claude has been great. So, okay, here's the thing. It's interesting. Remember Enron. The other businesses were okay in the end. But Enron ended it. Yeah. And there's always that case of something ended it. Could it be that Claude is glorious, let's say, and it could... Do you think it's OpenAI, guys? Is it OpenAI? Is that the one? Is that the one when you find out and you go, ooh, what actually... Because it's kind of like, is OpenAI Netscape? You know what I mean? Is OpenAI Yahoo? Is OpenAI something else? Because most people have only good things to say about Anthropic. But what I noticed is the moat isn't that big. Because remember, all the money was going towards both of them, more towards OpenAI. Then they found out that Claude was better. And then people tried to sell, allegedly, on the private market, allegedly, some of their equity for cents in the... Well, less money than the dollar in the dollar so they could get across the other one. When everyone upgrades SNDK, we all know where it ends. But the hardware, it's still higher highs and higher lows. Guys, follow the price action. That's all you can do. In terms of you just have to always just be following the price action. So, today, we do not have the SpaceX just yet. It will come. I don't know why I typed SNDK again, but yeah, it will eventually come in. It's rumored to be a little bit later on. Do we have any numbers that anyone's seen here? I haven't seen anything yet. I didn't do Barber yet for Andrea. Sorry. I'm sorry, Andrea. Let's do Barber for you. Whoops. I think I said I was going to do it and we got distracted. All right. So, let's have a look here. We've got a market that's coming down. Appreciate the support though. There is no current rally. There are doji around here, which is, I always like to look at dojis. So, the market's getting closer to that point, about 106 is that low. So, it hasn't quite hit the lower low. And you can see here it's kind of gapping down. So, I think the thing is that the market is currently making a series of lower lows, lower highs. You know, we've got a pretty, pretty damn brutal kind of sell going on on this stock at the moment. I don't know where it ends because it's a freight train. So, what you have to do is you have to look for market structure. Freight train equals structure generally times. Freight train equals structure. So, are we close? 106. Yeah, we're close to that level. Manage risk, y'all. I want to see some spread price juice. Well, thank you, Mitch. Yes. RTY breaking out. Yep, good point. So, RTY, Russell Futures, small minis, new higher highs. Not what you would expect if the market was in a systemic failure. And that's the thing. It's like, you know, we saw that volatility in the hardware trade, but as I've mentioned, bonds don't care. They just don't care. Guys, they don't care. Why do they not care? Because they haven't decided it's a freak out zone yet. The other thing is, RTY, obviously important, but also RSP. Look at this, RSP, equal weight, still bullish they are. And that's the thing. The market is about to make a new high on RSP. So, yes, semiconductors are coming under pressure, but too many people are claiming it's, you know, the end of time. So, I guess that the market is like face ripping people when that happens. Good night, everyone in Australia. No worries, Fizz, I understand. 12 o'clock at night, it happens. It is late. I asked this before, but I don't know if I got a response. Does anyone at the Knicks game the other day? I do go for the Knicks. I was very, oh, amazing. Semiconductor's up another 1%. Yeah, semi, semi's doing well. Interestingly, the NASDAQ only up 0.2 though. So, if we were looking at, let's say, Koi Fin futures here. Yeah, so today's best performers, XOP. So, XOP, let's have a look at the best performers here in terms of sectors. So, we've got the gas pipelines holding the lows. We've got barrels moving up again. So, oil, I'm really excited to bring oil into the charts this weekend. I don't know. There's something about that chart that makes me think, hmm. Solar up 2. Look at these. Man, all the metals and cleaned it. Look at this. XME up 2. So, that's metals. Gas exploration. Energy up 1.34. Clean energy up 2.26. Solar up 2.2. So, you've got all energy and metals and anything to do with the inflation trade kind of concept there all up. And you've got semis in the middle kind of at 1.36. So, actually, today, consumer discretionary is the worst. Software is the worst. Healthcare is flat. The market is almost across the board green. But the futures for the actual market is pretty flat. Yeah, PBW is the best at 2.36 of the majors. But XME is coming back with a vengeance at 2.17. And that means that I'm assuming copper has actually improved a little bit here as well. Yeah. Copper barely holding onto that support. guys. Have you seen a copper on a weekly chart? I mean, I know it hasn't changed trend towards the downside, but geez, this is a nasty wicks. That's nasty. Like, if you show that to a technical analyst, they'll be like, oh, that's dead. but it's not dead until it breaks through. Hyperliquid has SpaceX at 1.75 at the moment. Yeah, it's what we've talked about a few times. But again, it's a guess. So all I want to reiterate to people is you've got to be careful because sometimes these numbers are not necessarily correct. still waiting first trade. Yep. Semiconductors was up 6.5% in crazy two days at Tom. Yep. Well, 20 moving average is powerful, you know. Trend is powerful. Momentum is powerful. when you don't lose momentum, it's going to change. All charts are based on hype? I don't think so. Jonathan says here, survey shows people are more bearish on the stock market than ever before last year, not a bubble when everyone is calling it a bubble. Bubbles are a long process and the first corrections are often not the end. Yeah, so Jonathan's correct here. I think there's a couple of things to say though about the surveys. Just remember the surveys are probably wrong this time, Jonathan. And the only reason I say that is because there's a little bit too much political action going on in the surveys. So the Michigan survey is completely off. And we stopped using survey reports probably about a year and a bit ago as well, year and a half ago, pretty much around the election because before the election they were already wrong. And why I think that's important is that's one aspect. The second aspect is often correct. You get a bullet. That's why I showed before that volatility before the end. You actually had wild volatility in the dot-com boom specifically in tech stocks particularly in the wild tech stocks to the subsectors and then it still went up and made new higher highs. We saw Palantir do the same thing guys. Wild action still blew it at the top off and made everyone go wow this thing's never going to end. And then all of a sudden now it has kind of gone sideways. The story as old as time it could happen again. We don't know it's going to happen again but it could happen again. And it's worthwhile worthwhile considering. Is it over 10 o'clock? Yeah, I don't think we're going to get it early. I was hoping we were going to but I don't think it's going to happen here. Hey Tom, do you care about Dow gold ratio? Not really, Robin. Old ratio well known. Copper gold as well. Old ratio well known. Lumber gold not so well known. Worked for like one or two times. I don't tend to use it. I don't think it has a stronger correlation. I've looked into it a few times. XLF has been catching a bit, Tom. What are your thoughts on late cycle and the bid we are seeing? It's not enough bid to really say it's super strong but yeah, KRE, XLF you're observant there the one bucket head. Yeah, we're seeing kind of like almost a pseudo inflation or high interest rates for longer trade is what that is. So I think it's a higher interest rates for longer meaning that Kevin Walsh is probably not going to cut but you know again that can be like just a few weeks and then it's over. The main interest for me is the dollar because the dollar's been I'll just show over on the left hand side here. If you look at the US dollar it's been consolidating in a range for what is this now since April of 25 and it's been failing here but you've got the 1, 2, 3 low Wyckoff style base. So if this actually does hold here pit and then break up then that's showing again yields up. That's probably bad. That's actually that probably means energy's going up high. SMCI Tom SpaceX is trading at 176 already from 135. Are you talking about the actual real trade or are you talking about the the like one of these perpetual contracts? Are you talking about this perpetual contract? Yeah. They're saying here it's going to open at 1 a.m. 1 p.m. I can't do it. Why 1 p.m.? Why couldn't we just had 10 like they said or 950 or any of those? I guess I kind of expected it. I did say it before but still. These contracts though are not necessarily what happens. Like these are drastically wrong sometimes. How do you manage the time difference with the US stocks from Australia? Good question. The close is everything. Look guys we're all hype trained people in terms of just humans and what I mean by that is if you think about it where we kind of like there was an idea of following the trend and everyone packs in on stuff. The main thing you need to think about is where's all the money? The big guys close it guys. They lock it in time. They lock that daily candle down. They lock that weekly candle down and the action happens at the end. So from Australia actually New Zealand is technically better. The Australian time zone is not too bad if you just think about the close and not the open. If you want to be an open trader you want to be more of a trader scalper day trader that kind of stuff. You want to be more of a positioner investor swing trader even day trader. I mean it's not really technically day trader I call it position based investing or position based trading. the close is the key. I mean that's where it's at. Why do you think we have a close show? We have a close show because the close is the key guys. You can actually make more informed decisions off a close which is locked in time than you can off the open. The open is where the retail traders go wild. And because now we make up upwards of 28% of the market you can see. Look at the emotions people have gone through today. We were down 0.7% before. We're now up 0.4% on the NASDAQ. We started this stream at 0.3% up. So we went 1% down and now we're back to 0.1% up from where it was. And if you put that on a one minute chart it's going to knock people around really hard. So it's going to be crazy. Please go over silver. Yeah we can have a look. Now please be warned. I don't even like having it on here. I'm just seeing that is not the actual price. It is just some rando price. Alright so let's go over here to silver. Silver again came down to that previous kind of low level. I think gold is the better read here because gold undercut and went to 4,000. Currently two hour chart not a little bit better. We've got a slight change of trend. on the two hour chart, four hour chart here for a second. I think if I remember rightly when I had a look at silver it had like a little trend liney kind of thing going on above that could be a possibility. But yeah I'm looking particularly at this area here. Yeah that's the intersection I think for silver and probably. So series of lower lows and lower highs for now. Slight change in here but really the damage is going to be done probably around 69. SPCX will spike at open. This is from DRod. The big boys need retail exit liquidity. Trading view notification. Oh. From Dow Jones guys. All right. You can't see it because I've got this logo. One second here. Here we go. Could anyone work out what is this actually equal in trillions of dollars? One is not my opinion. This is what's happened. SpaceX indicated to open between 170 and 175 Wall Street Journal. the trading view feed. I'm assuming that's just using those strange perpetual contracts but anyway. That's what it says here. Looks like there's a few other people reporting on that. Oh. That's a huge number. [01:45:26] Speaker 2: Oh my goodness. Is that true J play? Oh. Wow. Wow. Wow. [01:45:47] Speaker 1: SPCE is down 25%. Oh. [01:45:59] Speaker 2: Oh. It got thrashed. [01:46:02] Speaker 1: Yes. Anyone that knows this channel, we remember that time guys all those years ago where I was having that fight with that dude over our wasn't actually this price because it had reverse cuts back in here. and that guy and he said Tom it's going to go and I said you sir are totally wrong and I remember we had the thing he never came back guys. Let's just say it got thrashed. Yeah that's a sign of people jumping out of these. I guess there's some lessons to be learned here. The energy for something like this pushed into pretty much creating anything going up to do with it. Now that's the day those same people probably well a few days before have started to pull and that's kind of again a classic that happens and I'm sure it will happen again and again and again. That's human psychology and the only reason I bring it up is because this is actually what's exciting about 2026, 27, 28, 29, 30 probably even into 35 is that this market still trades on humans. I know you think oh it's AI driven and driven by some kind of robot that Elon Musk owns but realistically it's still driven by human emotions and as long as that remains relatively true which I think it will for quite some time you can kind of use that concept as well as your other instincts and systems and processes to build it. We are viewing the psychology of the charts so it's a beautiful thing in that way. Guys I don't think I'll be able to make it all the way to the thing because you've got to be in mind that this is Australia and we are in the land of the upside down and therefore it is 1220 a.m. in the morning. I want to salute each and every one of you for being the best. You're awesome and the community is awesome. The market itself, the indication, we have the indication from at least some reputable source here I guess. This is what they're thinking. I have no idea, neither do you. The key is probably going to be the close but the markets themselves have recovered. The Russell is the breakout here for today and it looks like energy. I'm just going to do a quick update here because I want to just make sure I've got these days. Yeah, so I've got metals is the second best performing major sector, clean energy at 2.6% up today, ZOP which is at gas exploration up two, solar is then next, XLB semiconductors at 1.5% which is pushing the market up across the board and then we have energy markets at 1.3%. So the story could be in the weekend actually that we've got energy recovering off a lower low steel. So what I mean by that is if you have a look here, the energy markets all clipped lower lows. That's pretty nasty because they did that the other day. So you go to 1, 2, 3. So if we now see an energy spike, that could be super significant to markets and we'll have to continue to watch that very closely. SpaceX again is expected to come in at these numbers based on this report but who knows. And the main thing is it's more about the close than the open. Where does it end? How does it trade over the next 15 days? We'll cover it daily of course as we always do here. A couple of quick announcements. I think we'll definitely have the weekend video. I'll do my best to put out something for Tuesday so that'll be the Monday close for you guys and then the rest will be all fine next week. No worries. Yeah, so we don't have a market open just yet but we do have at least some reports coming in and guys, I wish you the very best each way. Be careful, risk manage, be protected, make sure you know what you're doing and for now the Russell is the key of the market in terms of it's just showing that strength, equal weight also as I wrote about in actually the newsletter but anyway, we'll get that one out of the weekend and yeah, SpaceX IPO. Guys, you're about to witness history. I'm probably going to set a little alarm just to wake myself up so I can see it. 1 p.m. What's that? Like three hours, two hours away, three hours away. So I have to see it so I'll be like, whoa, and it probably will have already been open but it's kind of like if you missed the Knicks game and you came in, you watched the highlights, that's all right as well. You've been here on the 12th, it's now the 13th for me, I'm in the future, like SpaceX is maybe in the future as a stock, I'm in the future so it's already the 13th so I can say I was there on the 12th and yeah, I really appreciate each and every one of you coming out. We talked about wild markets, we talked about everything around what's kind of been happening so far, we had a look at psychology, some learnings from the markets themselves but I think ultimately it's going to come down to what's going really the backbone guys, semiconductors versus spy, hardware, hardware, hardware, earnings, earnings, earnings and ultimately IPOs, IPOs, IPOs. OpenAI if I had to guess is the most important real one here but this is significant so how this ends up in the next 15 days is going to be important. Thanks so much, love each and every one of you, see you in the next one, bye for now. And thank you also to the donators, we'll just quickly mention them here. We've got XXYmore, we've got G12, we've got Shelly, thank you, we've got God so loved the world, thank you very much, we've got Mitch, massive 50, Mitch, champ, absolute champ, Fizz as well, we've got Tron, we've got Nathan, we've got Andrea, sorry about that, Andrea, missed yours for a little while but we got there in the end. Thank you, bye for now, see you guys. Are we okay, I've got to do this, just so you guys can see it. There it is, look at this thing. And then MU as well, pretty strong.