Hello, everyone, this is Falstow from Cyber Trading. We want to do a quick audio check. Can everybody hear me loud and clear? Thanks for logging in early. We'll be getting started shortly, everybody. There is, hello, everyone. My name is Falstow. Just want to do a quick audio check. Can everybody hear me OK? Just want to be able to get an audio check. All right. Russell, good to see you very well. Ted, just want to make sure you guys can see Danny. Good, good, good. All right. Let me get a couple of things here working, and we'll get started immediately. Hold on. All right, there we go. Just making sure we get the webcam working. Good. All right, everyone. Well, welcome. My name is Falstow from Cybertrain University. Thanks, everybody, for being here. Hopefully going to have a really good morning. A couple of good things we're going to talk about. We're going to cover some stocks that are moving. We're going to talk about how to trade today's buying and selling, order flow, understanding how the algorithms work, all the major market moves, and all that good stuff. So we're going to cover a lot of great content. Thanks for being here. But there's going to be a lot that I'm going to be teaching you.  There's going to be quite a little disturbing, because you're going to be like, my god, I didn't know the market works this way. Well, that's the purpose while we're here. So let me just hide this here. But before we get started, a little risk disclosure. Just to let you know, this is strictly for educational purposes only. Not make any guarantees this work. So any promises, trading varies from student to student. So all we ask is you'd be very, very smart and very wise before you go out there and make your first trade. Now, what we're going to be learning is this. Basically, I'm going to be asking a lot of you guys questions. And the goal is, please go out there and answer those questions to the best of your knowledge. Because the more you answer, the more fun you're going to make it, you'll make me feel good. And it also will train you a little bit more if you know what you're talking about. So basically, we're going to talk about some brokerage firms and trading firms, do reverse psychology. We're going to show you how to successfully execute entries and exits. We're going to implement the proper risk. The main thing is a lot of people lose money. And that's why we're mainly here. So we're going to talk a lot about losers, controlling losses, and so on. And then also, which I know everyone wants to talk about, is how do you find these stocks? Well, let me tell you how I used to find them. For some of you don't know who I am, I'm actually one of the original day traders that started back in the early 90s. We're endorsed by more brokerage firms and have probably the best reputation on the internet of doing it for so long. I'm also a 12-time champion at the money shows. I compete against every school in the industry. I beat every school in the industry. And nothing against them that they're bad traders. It's just that a lot of them are not market makers. A lot of them are not day traders. A lot of them are analysts and technicians and so on.  And that's the beauty of being a very good trader. Now, how I got started is, like I said, I've been doing this since I was 22 years old. I'm 52 now, I've been doing it for 30 wonderful years.  How do you know that that's an old magazine? Look at the monitor. I'm also the author of the book of how to beat market makers at their own game published by Wiley. For everyone here, I will be giving you all a copy of my book at the end of the presentation. You can go pay me $47 on Amazon or you could get it here for free. I rather do it for free. So that's gonna be my gift to you for being here and I'm gonna give you a lot more gifts at the end of it. Now, the reason why I'm here is I'm looking for traders I could teach, okay? Now, trading is a team effort. This is not a, somebody goes out there and just kinda let's teach me how to trade 7, 800 hours of videos and I'll figure it out. That's not really how you do it.  They had to take you under their wing, they had to train you, all that good stuff. So that's one of the great things I'm gonna be teaching all of you here at CyberTrain University. Now, I don't know if anyone here who's also watches the NASDAQ show, but I will be there tomorrow live at one o'clock. So NASDAQ has me as one of their experts that come in to talk about how to trade the level three and the level four, how to trade their markets. So if you are registered here, we'll send you the link if you can't watch it, but like I said, I've been a regular guest there for several years. And the reason why we're there is because the exchanges want you to learn how to trade because if you stop trading, they don't make any money, okay? And you probably would have known that if you looked at their earnings today, they actually did pretty well in their earnings. So you guys don't trade, they don't make money. You guys trade, they make money, and everyone's happy. So we're sort of gonna focus on stocks, options, futures, forex. So my question to ask everyone here is this, what kind of trader are you? Are you a stock trader? Are you an option trader, forex, futures? Can you tell me a little bit about you? And you do futures, okay. Steve, what about you? Jane, Ash, what about you guys? What do you do? What kind of trading are you all? Forex, Russell, Nifema, Shred, both of us, I'm not sure. I remember if you owe me a phone call, Nicholas. Oh, we'll get to that, Nicholas. We'll get there. Forex, prop firm, okay. Day trading, Ash, some stock trading. Okay, so let me tell you a little bit about what I do. Okay, now I'm more of a stock trader, I'm more of a day trader. Now, listen, don't worry about some of you who say, well, I want to learn more forex options. Let me just point this out right away. If you've been doing something more for two to three months and you're not making money doing it, you probably need to find someone else to teach you how to do it, or maybe that market's not for you, okay. I've tried all of them. I kind of favor being in the stock market because when I turn on the TV, if it's the news, whatever I talk about, it's always predicated on stocks, okay. You want to be a good options trader, you damn well maybe be a good stock trader first because it's the movement of the stock that makes an option move. You know, you want to learn how to trade forex? Listen, forex, you deal with the biggest banks in the world, doesn't really move all the time, but it pretty much trades about 70% the same. So let's go out there and talk about some of the stuff that we have. Now, here you can see a couple of images of some of the students retrained. If you look at these people, they look just like you. They are grandmas, grandpas, first responders, doctors, board of control people, cowboys, professors at schools.  So everyone here is just like you. So don't, please don't look at it. It's never too late to learn how to trade. But what I'm looking to do is getting everyone out there to register and be part of it. Now, before we start jumping into everything, just to let everybody know, I'm gonna invite all of you to come into my professional trading room and you could scan it now. It's only gonna cost you $9 or you could wait till the end. You'd probably be like, wait a minute, I wasn't planning on buying anything. Don't worry about it, don't buy anything. Don't buy, Nicholas already bought it. Good, don't worry about it. But the goal is I'm looking for serious traders.  If you can't afford $9, I'm not the person for you. That's really what comes down to it. And I think everybody here could kind of appreciate that. Nobody's expecting anything for free, but you just want to make sure you're getting value. But like I said, I'm just looking for serious traders. Now, let's see what happened in the market, some of the things that moved and things that didn't move. So what happened this past week in the stock market? So we had a couple of big news. Everyone saw what happened with the news on Bitcoin yesterday. Somebody came out with some fake news and all of a sudden, Nicholas, did you see it? And the stock, just a lot of the stocks took off and all of a sudden, because the rumor was that BlackRock got approved for the ETF, the Bitcoin ETF, and everyone wanted to jump on it. So even if you didn't have to trade Bitcoin, there were other stocks out there that traded. There was Coin, there was Mara, there was Riot, there was Blockchain stocks. So they all moved, right? So, but you could see how important it is, how news could affect certain stocks, no matter if you're on the Bitcoin side or on the stock side. But there are other stocks out there that moved also. There were stocks like NVIDIA and AMD, they run from 460 down to 425 back to 444. And now you have Tesla coming out with news earnings and you had Netflix come out with earnings announcements.  So this is a lot of big news that's coming out this week. It's a very big earnings a week. Now you probably sitting there like, do I buy it? Do I take a shot? Do I gamble? You're not in the gamble business. You have to be on the side of where all the buyers and sellers are. And because there are other stocks out there to trade, like for example, do anyone see the stock TPST yesterday? Look at this stock right here. At 9.30 this morning, this stock ran from $4 in less than two hours ran to 750. What is that? Almost 100% in an hour and a little bit more than an hour. So you can look at the test. Let's say Tesla going from 250 to 500 a day. That's like NVIDIA going from 400 to 800 in a day. BNX, another one. $4 stock goes to $5. Do you know if you only made half that money, 50% of that move? 50% that's $500, the $100,000 salary out of $5,000 investment. Who doesn't want that job?  You can't trade them all. But there are, you know, being a good trader, it's all about risk to reward. Just like a stock like NXTX is another one that moved yesterday. This stock ran from $2 to $4, up 100%. Now, some of you were like, I never heard of this stock though. Why did it go up? How could you find them? Well, you're in a good place right now because I'm gonna show you how we find them and how we know they're gonna go up. And most importantly, how we know they're gonna go down because we are here to learn to stop losing money. 80 to 90% of traders fail in trading. And the reason why they fail is they don't know how to take a loss. That's the reason why. And they also don't know where to find them and how they're moving. And that's what I'm gonna talk about in the next 30 minutes. And then everyone here is gonna get my book and I'm gonna hope everyone here is gonna register and watch us practice what we preach because I'm gonna invite all of you into the original trading room that I built 30 years ago. So how do we avoid being part of that 80 to 90% failure rate like most traders are? Because first of all, let's think about it. Who here wants to go into a business knowing that you're gonna be part of an 80 to 90% failure rate? I mean, do you all think you could be successful at 10%?  Who wants to do that? Well, the goal is we need to know how to prevent those losers. So some of the things that make people lose money is A, they hold overnight positions because they don't wanna take a loss, corner rule, that's a no-no. And B, they don't know how to stop averaging down. They just don't know to say, okay, I'm on the wrong side, we found this stock that went up, I bought it, how do I get out of it? Every stock trades exactly the same. They'll have buyers and they will have sellers. But the question you need to do need to know what to do, which I'm gonna show you is how to follow those buyers and sellers. So to be able to understand this correctly, let me ask a simple question. What makes a stock move up in the first place? Let's see how everyone answers that question. Let's see if you've been paying attention within the first five minutes. If you can't answer this question, you should quit trading and go back to your day job, okay? Ash, you're right, Russell, you're right, Larry, you're right, Steve, you're right. It's all about buyers and sellers. Wouldn't it be, here you are, oh, you mean it's not about a Fibonacci, you know, it's not about a candlestick, it's not about a MACD, buyers and sellers, you set it yourself, okay? Well, that's what I'm gonna teach all of you, okay? It's all about supply and demand and know where that supply is and where that demand is. So let's do this. What is gonna make a big supply and demand? Big block orders. That's what's gonna make stocks that make these big support levels and these big resistance levels. So how do we find these big orders? Very simple. We need to go to two different windows, something called level three or level four. Now, my question to everyone here is this, who here has level three quotes? To get about level four right now, let's just start with level three. Nicholas, you don't have it. Let me say what else, anyone else? Just give me a yes or no. Not there, Adam, you just got it? Okay, no, no, no. Interactive brokers, no, no. Dan has it, okay? Now, let me explain some to you. Now, listen to me very carefully. For all you traders in here, Larry, Sean, Danny, I didn't hear from you guys. How much smarter and better trading decisions would you've made in a stock? If you knew where 70% of all the buyers and sellers are on a stock that you're in right now, I'm gonna repeat that one more time. How much better and smarter trading decisions would you have made if you knew where the big orders out there, the 70% of all the buyers and sellers around the entire world? I would love to know that, Steve. Nicholas says 100 times better. Is that it? Just you two? That's all? Okay, maybe not have been involved in a lot of losers. Okay, that's a good way of explaining it, Adam. That would be great. Now, let me show you what it is and let me explain to you why it is so valuable. Now, before we move forward, I need all of you to pay attention.  And why did, or maybe some of you took courses or in someone else, I'm like, how did that person not tell me that? How did, like, this makes so much more sense. I'm gonna make you a 50% better trader right now than at all the classes you've taken and I could almost guarantee that because what I'm about to show you is the reason why you're gonna see me live at NASDAQ tomorrow. So, let's look at NASDAQ Book Viewer. I kinda call AK level three. Now, does anyone here have NASDAQ Book Viewer? Just give me a yes or no. You just get a yes or no here. No, Nicholas, you don't have it. James, you have it. No, no, no, no, no. Okay, so let me show you what we've got going on here and then follow along and it'll make a little sense as we move forward. Now, looking at the level two right here, you see right here where it says buy orders, those are all the buyers looking at Peloton, the stock Peloton, looking at every single person that wants to buy it in the entire world and every person that wants to sell it in the entire world. Now, you have three columns, the price, the shares, and the orders. The orders are, for example, there are 10 orders out there that make up to 2,000 shares. There's 15 orders out there to make the 3,600 shares that people wanna buy it at 972.  Now, whoever wants to buy the stock for the most amount of money's up on top, whoever wants to buy it for less money's down at the bottom. Now, what's very unique about this, you'll see 2,000 share buyers, 1,000 shares buyers, 700 share buyers, 61,000 share buyers out there, 10,000, 2,000 share sellers, 1,000 share sellers, 11,000, 50,000.  Now, let me ask everybody a question here. What do you think is going to make a support level? Little buyers or bigger buyers? Let's see how you answer that question.  Big buyers, right? Okay, so let's put this into perspective on a chart. We're looking at a stock, PLTR, and you can see how the stock is coming down.  The stock keeps going lower, so when's it gonna really stop? Well, as it's trending down, you'll notice that once we get around this price, right around 15, 60, it kind of from 10, 30, never wanted to go lower. And then it sat there from 11, 11, 30, 12, 12, 30, one o'clock, two o'clock, and then just constantly never wanted to go lower. Eventually it just started like trickling up and went higher. Why did it stop at $10, I mean $15.65? Well, there's only one answer. If you look over here on the NASDAQ book viewer, you have buyers at every single price level. But when you get down to that $15.65, you got 15 orders of 84,000 shares that they wanna buy out there. Now you do the math, 84,000 shares times $15 is a lot of money, okay? Talking over $10 million worth of stock. I knew anywhere no one here is buying $10 million worth of stock, okay? So who are you no more than those 84,000 shares? Ash, how many shares you trade in the position? Nicholas, Danny, a couple of hundred, maybe a thousand, whatever it may be. You're talking 84,000 around the world, okay? Do you think you want more than him? I don't think so. And I put money on it that you don't. So why not, why try to question to know why that stock is, why he's out there? Because when you look at the chart, it kinda makes sense. Let's look at a sell side. You ever want a stock and all of a sudden like it hits a resistance and you don't know why?  And we look at the stock VSME when the stock started early in the morning, we're from 380 and then hit a resistance levels at 450 and then came right back down to 420 and you're wondering, why did it go down? Well, if you had the NASDAQ book viewer, you would have known that 10 shares, 250,000, oh, 84, 85,000 sitting there right at $5.49. No wonder why the stock came down because that's a big seller out there. And guess what? If that seller or someone doesn't buy it from him, it ain't going lower. Now you have to understand what's very important is look up here on top. Seller is equal to resistance. See, everyone has it backwards. Everybody's looking for support levels. Everyone's looking for resistance levels. Why are people looking for support and resistance? Well, that resistance doesn't exist unless the seller's out there. That buyer does, that support level doesn't resist unless those buyers are out there and everybody here is doing the total opposite. Let's go over a few trades about this week. Let's look at this example, AMD. AMD's going down. Now I'm gonna ask everyone a question here. What is going to make AMD stop going lower? What do we need for the stock to stop trending lower? Nicholas says buyers. Savu says buyers, buyers, not volume. We need buyers, we need demand, right? We need a demand of buyers out there. Now, let me tell you why all of you trade backwards. Do you see buyers on a chart? Do you see any buyers out here on a chart? So how do you know, so where are the buyers? Where are the buyers? You keep looking at a chart. I mean, just the other day I was doing an event and somebody told me I had 12 screens.  Well, I need for my charts. When we started, we had no charts. And imagine that we were successful then. Now everybody's got, now everybody's landing the state shuttle. Okay? Got to look at level three, right Dan? So we look at over here, AMD, we got a 273,000-chair buyer at right here at 107. What do you think's gonna happen when we get down to 107? And 50 cents. In theory, what do you think is gonna happen when we get down there? Price should go up, right? In theory, it should be support levels. But the chart doesn't tell you that. But when you look at the Nasdaq market, it does. Well, guess what? What happened when it hit that 107.50? Came down, hit 107.50, shot right back up to 109. Do you ever do a trade like that and you feel like someone's watching you?  It happens all the time, right?  Nobody's watching you, you're just not watching them. You see, and listen, we just got started. So let's look at another example. Let's look at LAC. So where is resistance levels on LAC? Can anybody tell me? Let's see how you guys answer this question. Well, Adam, we're gonna get to that question. Adam's question is by looking at that book, how do you know that that buyer is in control without a large buy order on the seller? Does it really matter? Does it really matter? The order's out there. And by the way, that is a real order.  What you're looking at right here, this is the exchange, okay? This is the exchange. You can't put fake orders out there. So everyone out there is saying 1180, okay. So resistance levels at 1180. Do you think we should, you know, pull Kramer up? Do you think we should add a Fibonacci to it? Do you think we should read some of the charts? So you're really telling me from what you could see here, going to have a seat on the exchange, we got a seller out there at 1180. Is that what you're saying? Well, let's go check out the chart. Where's your chart tell us? Is it going up or is it going down the stock? Where's the chart tell us? It's going up. Everyone out there, you're saying the same exact thing. It's going up. So what do you think more people are gonna think of doing? You think they're gonna hold on to the position? Or you think they already had that number at 1180, knowing that they're coming up to 113,000 share seller. Exactly. Everyone's gonna be holding, right Adam? Because if I implement an indicator or this and that, they're like, oh, this thing is going great. This thing's going higher. Yeah? Well, guess what? You sit there, you're watching it.  You're probably getting a double top. You know, these people got these crazy lingos, right? Well, guess what? Yeah, that worked out pretty well. Because look where it is down. Now it went from 1180 down to $11.  What is 1180 minus 11? Let's see how everybody's good with math. What is 1180 minus 11? 80 cents, right Steve? 80 cents times 1,000 shares is how much money? $800. Did you hear that, everybody? Who here wants to convert a winner until a loser? Right? Wouldn't that suck? That'd be terrible. It's devastating. Ever happened to you? Now, has that ever happened to anybody? It has, right? Did I tell you this was going to get disturbing? Did I tell you this is going to be like, oh my God, kind of makes sense, right? So the question everyone's going to ask me is, okay, now in Falstow, where do we get Book Viewer? All right, so this is what I want you to do. Take my email address down falstowp at c2corp.com and if you're interested in it, I'll tell you where to get it.  I don't know where you came from. And not only that, I would probably do more harm than good than you go in there. Because I want to give everybody some videos. So you can watch these videos and because I want to show you how to set up the chart, the defaults on it, all that stuff. So listen, the worst thing that could happen is that I teach you how to use it. There's my email address. Now, that one trade, if you didn't get in and out of it, you would have lost $800, right? How much would this be worth to you now, knowing that you could have known this in the past? What would have paid for this platform? What does it work to you? I can tell you what I paid. When I started 22 years ago, when I started 30 years ago, they, priceless, I love that word, Adam, I paid $1,000 a month for this. If you wanted to see it on the exchange, on the floor, it would cost you several million dollars. So you'll wonder, now I know why people lost money because I don't think you guys were running out there dishing out $1,000 and I was 22 years old, I'm 52 now, and I dished out that $1,000 back then, okay? No problem, Nicholas, I think I got your email. Robert, I got yours. Greg, Rich, I got all that yours, okay. So, you know what? Doesn't cost $1,000 anymore. Doesn't cost $100. You're at a cost today, $15. That's right, see, 15 bucks. Would you pay $15 for it? Would you pay $15 to see where 70% of the volume is? Adam says he already did. And you know what, you know what, you don't confuse me. I don't understand why nobody would pay that. Why would you now want to know to know that $113,000 sure a seller is and not go out there and lose $800 to be a penny cheap which costs you be a dollar foolish? Can you hear that phrase? So, guess what? I'm gonna show you where to get it, just take my email address and I'll send it over to you. Now, let's talk about level four, because if you think level two, three is pretty cool, wait till you see this one. Now, level four, basically we're gonna see it on a heat map. We're gonna see where the buyers and sellers are. That's basically, so now you got the right hand side, you're gonna see the numbers, but now we're going to see a continuation of how long he's been out there, see every order out there, what make it darker, so it's gonna be a little bit more visual than just looking at numbers. So, let's go look at a couple of stocks that we traded. So, looking at the stock, I-N-O-Q, I-O-N-Q. See how the stock is trending now, it's at $16 and right around here around 15 bucks, we got a 22,000 share buyer out there and he's been out there for about a couple hours. So, being a good trader, it's being patient. That's basically what it is. You might love the stock at $15.50, but everyone else is buying at $15, why can't you wait down till we get to $15? Why you gotta pay $15.50, you know? Because not only that, but there's buyers at $15 and then a new buyer showed up at $14.90 for another 23,000 and what do you think happens next? Stock goes up, goes up. So granted, it's all about being patient, being a trader. You could see the heat, you could see the volume, you could see how long he's been out there and that's what it is. Why one versus the other? Great question, Matt. One cost more money, okay? That's the reason why. But, would you pay $15, Matt, for this? Would you wanna start out paying 100? You know what I mean? I'm not here to spend your money, all right? All I'm here doing, you're already paying $40. How about this? Would you pay nine? How about if I offered all this stuff for $9? Would you pay that? You're already good, all right, there we go. So at the end of the presentation, I'll tell you how I will pay nine, okay? All right, we're gonna get there. So let's see some stocks that did the reverse of a resistance levels. So here you have a stock, there's been a seller out there, there's been out there for about 10 minutes. You got two orders of $51,000, two orders at $170, $170, $170, $150. So, and this is Apple. By the way, it works on every stock. So the game playing of it being a good trader is having a game plan. When you own a stock, you wanna know where are the buyers, where are the sellers? And no matter if you're trading a brand name stock, a small cap stock, whatever it is, the only difference is it comes down to money. The more money you spend, the more money you have at risk. But don't look at it, does this only work for inexpensive stocks? It does work for expensive stocks. But what's nice about this is that you're seeing it on a heat map and it kind of makes it a little bit more easy to read. So you know exactly where the trend is, where the orders are and where it'll fall down to. Nicholas, no, this actually works for futures. It works for options. It also works for cryptocurrency. And it does work for commodities too, yes. Now let's go check the live market. All right, let's have a little fun here, all right? So let's look at Tesla for example. I got Tesla up here. You see Tesla, Tesla's not doing too well. Everybody see that right now? Look at Tesla coming down. Now why is Tesla coming down? Let's see if everybody learned anything today. Why is Tesla going down? Okay, wow, look at that. Okay, so it's not going down because of the sarcastic RSI, the shanking, the bolager band. What else we got going on here? MACD, what else we got here? I think that's enough. All right, does that help you? Does that help explain to you why the thing's going down? To me, that's a damn mess.  But it does look very important.  I don't even know what the hell we're looking at. I'll be honest with you. Let me go back to my default, all right? There, perfect. Tesla, okay. So why is Tesla going down? It's chicken scratch. You know what? I used to have in my office when my kids were older now, but like from kindergarten all the way to fifth grade, any of your parents, your kids come home, look at daddy, look at mommy, I drew you a picture. And it's like, he shows you a picture of them or an elephant, but the elephant looks like the mountains. So basically I used to take those pictures, I used to put up all my wall and people were like, what is that?  My kid, that's what it looks like. When you look at indicators, that's what indicators look like me, my kid's drawings in the first grade, okay? But let's look at Tesla. Why is Tesla going down, okay? So sellers. Now, so Tesla's going down, when is it gonna stop? That is the question, because there are people out here right now, I know Tesla's coming on earnings tonight. When is Tesla gonna stop? Anybody know the answer? Gotta find buyers? Is Nicholas the only person you're answering? Philip, what about you from Texas? I know you're from you. Mike? Thomas from Missouri? Come on, Nancy from Seattle?  That's how you lose money, because you could sit here and you'd be a deer in a headlights, and you would look at Tesla, and it's tanking on you, and you don't know what to do, other than keep losing money, all right? So let's answer that question. Let's go find the buyers. Let's go look at the level four, okay? Let's see what we got going on here. Right here at 145, there was a big buyer out here for 122,000 shares. Everybody see that right there? Everybody see that right there at 145? What happened when it hit 145? Does anybody know? Because that's a pretty big buyer, and to me that would be a big support level. What's supposed to happen when it hit 145? It was supposed to get up, go up, right? It didn't go up. It didn't go up. You know what happened? Look at this little, look at this bar down here at the bottom. The buyer got executed.  Well, somebody sold it to him, and look what happened. It dropped at 145. Let me draw my trend lines right here. There's 145, by the way, I didn't see 145 on the intraday chart. Let's look at the long-term chart. I see a little bit over here. What was that, 144.87? Okay, I'll give you that. 145, yeah, I'll give you that. 143, okay? So we just broke through 145, all right? How about this? I got something better for you. Let me draw it, let me bring something else. Look what happened over the course of the day. Had a big buyer here at 250, he got executed.  Where is it gonna go down to? Next buyer was down here at 148. Somebody sold to him. Next biggest buyer was at 147. Somebody executed him. Somebody went out there at 146.50. Somebody executed him. The biggest buyer was at 145, and he's been out there since like 30 in the morning. Guess what? Somebody sold to him. So what do you do? Do you average down? What do you do? What do you do, fellow traders? Do you go, do you buy puts? Okay, here you go. Listen, can this stock go down to 125? You gotta get out, Alex, right? You gotta get out. You gotta get out. And by the way, this also doesn't apply towards day trading. It could apply towards swing trading. And I'll show you. Look right here. You got 120,000 share buyer at 240. You got another 90,000 share buyer at 230.  If the stock was to go higher, look at all those sellers out there. 270, 275, 280. But you could see that there was a pretty big support level at 245, that's not a good sign, okay? So now it looks like our next biggest buyer is at 240, and geez, we don't have anybody down until 200. So if you're a day trader, a short-term swing trader, or an investor, you could apply this to everything.  How much smarter and a better trader that I make you before you started here 40 minutes ago? Because think about it. You've been looking at the past 50% better. Thank you. For sure, right? Much better, much better. Now, think about it. We only be talking for 40 minutes. How would you like to see this live for one whole week? For one whole week to show you how this actually works. So this is what I wanna do. I wanna invite all of you guys to come into my trading room. And my trading room is right here. Let me just show you what we got going on here. Let me bring it up here.  So as it's loading up, here's our trading room. And these are all our instructors, Alex, Josh, John, Rich, everybody, some of them already at Apple lunch. These are all the traders on the left-hand side. These are all the commentary of all the stocks we're trading. You can see the stocks that we're watching. You can see up here of our news, what we're posting as an alerts because we do an alert service too. So we're gonna invite all of you guys to come into that trading room.  I could almost guarantee you that if anybody here took classes, no one could put those feathers in their cap like CTU can. This is why we've been in business for 30 years. And not only that, this is why we have the highest rating on Google than any school in the industry, okay? So the thing is we have a reputation and we like to keep that reputation because we wanna teach people how to stop losing money. When I'm worrying about the winners, we just don't want you to get involved in Tesla and hold it on from the open and then figure out like what the hell am I doing? Do I still wait for earnings announcements? Doesn't work that way. So everybody here is gonna be invited into my trading room and you could start it today, you could start it next week, whatever it is. But I want you to see everything that we talked about. I wanna give you some workshops. I wanna give you a couple of videos. I wanna you to talk to my staff because the reason why I was here, if you heard me earlier, is I'm looking for people I could train and it could be part of my team. So we can make money together. That's really what it's all about. Now, just to let you know, we do commentary from the first hour of the open and we do commentary to the last hour of the close. So we're in there all day. But as of right now, we have no audio because, you know, middle of the day is kind of slow. Most of the action happens, you know, first hour and the last hour. We do trade options, we do do swing trading. We do all that good stuff. So, but it all starts from day trading and then it trickle into other stuff. And we also have some great gurus in the industry. So we'll always bring guest speakers on. If it's from Forex, Futures, stocks, options, whatever it is, we always have great speakers that come along. Now, all I'm asking for is $9. Now, I can let you for free, but I'm not looking for free people because nobody works for free. You don't work for free, I don't work for free. But I'm not asking you to pay me $900, 9000. I'm asking for $9 and it's a money back guarantee. Just give me one week. You could take your phone, you could scan that QR code or you could just click on the link we just post up there in the middle. Now, this is what you're gonna get. And also, if you do register, I will give the first 20 people a free consultation with me on the phone. Now, I don't know anybody here if you've been taking classes with everyone. And Nicholas, I know I have some calls with some of you here, but we get hundreds and hundreds of people. 80s, 50 to 60% of you, maybe more might realize it might not be for you and we might not make that phone call. But if you're serious, you wanna know it and you like what you see, we're gonna have that conversation over the phone, okay? And then we'll make that judgment if this is for you or not. Now, these are all the great things that you're gonna get with it.  And you're gonna get one week access in the room, all for $9, okay? That's it. And you know what? If I wasted your time at the end of the week, I'll give you $9 back, okay? Believe me, I don't need your $9, okay? That, you see that thing behind my back? You see that little Ferrari picture that's been signed by Michael Schumacher? I think it's worth like tens of thousands of dollars. I got stuff there that's worth over 100 grand. I don't need your $9. I only do it to let me know if you're a real person or not. Now, when you register, very important. We're gonna, you're gonna fill out a Q&A. We need to find out a little bit about you.  You said five questions.  Yes, you're gonna actually talk to someone in our staff. And then take the time to walk you through your portal page, show you what to go in there. So when you go in the trading room, you don't feel confused. That's really what it's all about. Steve says, I already started earlier this week, well worth the $9 and much more. Steve, thank you very much. Steve, what was the best part about you being in the trading? What did you see? What was the most exciting stock that you saw? Can you tell me? So I want to bring that up. What was the coolest thing that you saw? Was it, remember yesterday, we traded this stock, TPST, thing ran from, let me bring it up so you guys could see it. Stock ran from, let me zoom in here so you guys could see it. This was pretty cool. Stock started right around $6 right at the gate, right? And it ran all the way up to about $9. You think you got your $9 worth? I think you got it. Nicholas says the FFIR, R-E. Let me bring that one up. That one was pretty cool. It did this more cheap stock, right? Yesterday, it went from like $1.18 to about $1.40. Josh for instructors loved the stock. 10 o'clock, it ran from $1.27 up to $1.55. Sheet, some of you ditched that out to lay on an option. Imagine you could just buy the stock. Not bad for an expensive stock. Yep, great. I hope you guys liked it. All right, so you got the link right there.  So who we got here? Manesh, is that your name? From Texas, I just got your registration. Welcome aboard. What else we got here? Just registered. Rebecca got your registration. Welcome aboard. Anyone else? Just got to see people's registering right now. Now in the meantime, as you guys are registering, if anyone has any questions, just please feel free to kind of just tell me right now. I'd be happy to answer them. Let me see, change one more slide here, there you go. There's the one for the coaching and this is what you're gonna get. I registered through the world 365, no problem, Nicholas. Thank you very much. And listen, every day's a better than others. I mean, yesterday, Monday and Tuesday was great. Today was not as great as the other days. Okay, you registered, thank you very much. Appreciate it. Listen, the goal is this.  And I'd rather all of you here to just see what's going on in the trading room and just learn a little bit to see like why these people are buying and selling and so on. And you know what? The best thing that could happen to you is you're gonna realize that trading is not for you or not. You have people like, oh, it's moving too fast, whatever it is, and it's okay. But if you want to know what it's like to be with a bunch of professional traders and be on the floor of the exchange and see what it's like, here's your opportunity, okay? That's the entry fee. That's it. The application fee to get in there. And by the way, another thing, because one person just emailed me, we're not gonna charge you after a week.  We don't do that. If you don't want to continue with Cybertree University, you don't have to. We don't need your business. We respect your business. We don't need your business. Do you want to be there? We don't need to lock you in. But if you want to know how to find those orders and follow 100% of the orders, here's your chance to do it. Well, there you go. All right, any other questions fellow traders? Any other anything else? Let me tell you, when I got started, I had to pay $1,000 for that data. A 22 year old kid. Can you imagine, come out paying only nine today?  It's gonna cost you $5,000. I paid it 30 years ago, because I was looking at everyone around my town, driving, you know, living the life of dreams. I'm like, how is this guy kid making so much money? What is he doing?  They're like, well, why can't I figure it out? They're like, because you're being cheap and don't want to go out there and learn from people that do it all day long, you want to learn on your own. You know what I mean? Like, I'm not trying to be rude or whatever, but the truth is, you get what you pay for. You know, you get what you pay for. All right, Ash just got your registration too. I just saw you come across. Thank you very much, Ash. And who else we got here? A couple, I see a bunch of you just starting to register right now. Nancy got your registration from Idaho. Welcome aboard. Now listen, when you book your registration, don't forget, you have a calendar that they book very, very fast. So make sure you book your appointment sooner than better. And if you don't want to start your, if you're going on vacation or going away, listen, I'm going to my honeymoon on Friday, my honeymoon, my 25th anniversary on Friday. So I'll be out on Friday. You know, you could sign up on Monday, you know, you can start Monday, but the traders that are all day. So make sure you look at the calendar, book your calendar and go from there. Thank you very much, Steve. I got lucky. She stuck with me for 25 years. All right. And you know what? Let me tell you something. I want to bring this up, Steve. I think part of my relationship, why I got so, I did, you know, that kept me along with someone not because of having a best friend, but I think trading has a lot to do with it because I was able to travel and spend more time with my family. When I first got started, I was able to go away, take them with me. I wasn't tied down a lockdown that I was working from nine to five. You know how many people got divorced during COVID? You know what I mean?   And you know what? We had a great relationship.  Things worked out great. It really has, you know? Trading is a great job. You can do it anywhere in the world, pays a lot of money. It's definitely not gonna, Social Security is not gonna pay enough.  You gotta build on it. So you're all, that's why you're all here. All right, everybody, listen. Thank you for listening. LeFauld, see you all in the trading room. And like I said, if you didn't register, maybe not ready yet, I get it. I won't take it the wrong way, but please go out there and learn from different other people out there. Do your homework, do your research. Learn from a little bit from everyone. Try a little bit. Don't spend a lot of money in the beginning. You might be down the road, but you gotta learn if you wanna earn. Good luck, everyone. Thanks for listening. And I'll see you all in the trading room. Thanks.


Throughout America today we honor the dead of our wars. We recall their valor and their sacrifices. We remember they gave their lives so that others might live. We are also gathered here for a special event, the National Funeral for an unknown soldier who will today join the heroes of three other wars. We have learned, and I pray this time for good, the most valuable lesson of all, the preciousness of human freedom. It has been a lesson relearned not just by Americans, but by all the people of the world.  Let us, if we must, debate the lessons learned at some other time. Today, we simply say with pride, thank you, dear son, may God cradle you in His loving arms.


Okay So we will start. Thank you for all of you to stay to this last session of the day I know it was a very tough day for all of you and And it's it's a pleasure for us to be able to speak in front of you Even if it is the last session and even if just after we left the party So we'll speak about a public cloud computing so the the subject of this session is Claude what Claude what use case and what we have done regarding this deployment of open stack to build a European public clouds in European public cloud So first we start by the weather in Europe. Is it cloudy or is it sunny today? I don't know really but what I in say that it is claudifying a lot really claudifying a lot and Claude what is Simply a good example. It's a small company started one year ago. We have started in September last year and Thanks to three men stakeholders orange telco company talas security and defense company and French governments and they all together invested 225 million euro to build a cloud service provider for yes Infrastructure as a service. It's just impressive to see that they have decided that and they have invested on that Compared to all the monsters the competencies the competitors can see all of us words so we have started this this story in September and our main differentiator is based on two main things open source and security open source because we want to be free I want to insist on that and security because we have to differentiate ourself from the competition and we have to provide very high level of security of privacy of Independence see and this is something our customer asking really we have to deliver the type of services in order to be different from the market so The other aspect of this project is to sustain the a global economy in Europe and There's about 1,000 jobs forecasted To two to in five to seven years in Europe thanks to This type of initiatives just to give some flavors today, Claude what it's about 90 people remember we have started from zero and the 90 people were working in Claude what at about 180 people globally working for club even today so Let's speak about our open source strategy our strategy and our DNA because it's it's totally link So open source strategy why a lot of things have been said just before for security reason because in This code normally there's no backdoor There's a lot of a is able to see to screw this code and to analyze this code So it's very interesting for security reason to build solution based on open source second thing is Co-innovation co-innovation because When you are working with that, you know, there's a game today about patent rolling or things like that It's not possible when you are using code coming from community to be attacked by a company for patents for Aspect the other thing is openness and operability for the customers the customers don't want to be locked in a proprietary solution open source is a is a sort of thing very interesting for them because they know that they will deal with an open Code with an interoperable code and they will not have this locking mechanism they will have to afford with other solution and Cost-cutting operation is of use. There's no license cost no maintenance cost on license So it's a way to decrease the overall Total cost of ownership of your solution so it's something very useful when you are busy building your business model to think about open source About sovereignty when you are a cloud provider like us you want to manage your future You want to be to master your foundation. You want to be sure that there's nothing which is not under your own Responsibility you can change what you want where you want and you can manage your future very properly And you want to be independent independent of this solution and no looking mechanism is also something you want for yourself You don't want to be locked in a proprietary solution So when you are building this solution you are making this type of choice. Obviously when you see our DNA It's exactly what you are proposing as value-added for our customer Reversibility if a customer stay in a cloud watch if you is happy with our services He will stay with us if not he can leave and if we want to leave We will give him back all his data all the workload all what is not is property by the way And this is our commitment. So Reversibility is first thing Transparency you want to audit what we are doing want to know what we are doing with your data with your workload You will give to you all the evidence for you to know what is happening there So warranty I've said that that just before but no legacy is very again very important because We have no Nothing coming from the past. Nothing was we it's a full greenfield approach. We are starting from scratch So we have been able to make all the best choice we can do at that moment It's also the low-cost aspect like said before for airline when we make the choice of the best planes the best engine And the lower recurring cost you can find it's that the aspect of low cost we have We have in front of us. So that's the reason why we have make all this choice and that a localization is something really key for European company and especially today if you can guarantee them that the data will be located in the country they want It's a sort of services, which is a really important compared to the recent security Concern you have read in the paper recently so What about open stack and why betting on open stack one year ago look at this wave No way to resist when you have this wave in front of you The only thing to do is to be inside like a surfer If you want to take the benefit of the wave to go faster to go quicker and to have fun by the way Open stack exactly that. It's one of the biggest community who have never seen It's because this comment is growing is growing every day and is proposing something very professional It's a timely released the release are really on time and with new features each time or everything you are expected is delivered and You have in front of you a very strong Ecosystem you can have all the support you need you can touch the best guy at the right moment when you need this guy So that's the strength of this of this community and even if you are a small company You can have an impact on that. That's exactly what we have done. We were three at the beginning no Really technical guys and as soon as the technical guys were recruiting in Claude Watts They were able to deal with this community to give some new features to give some In to decide some blueprints and to and to discuss with the community about that And this is very interesting because you are part of that you can influence What open stack will deliver tomorrow if you are really? involved in this community and in parallel you have to understand that open stack is totally open and Already you can have hybrid scenario. Thanks to open stack Through the API through everything because all the major players are there all the solution are open stack compatible So it's already something you can have you can do At a business level with all your partners and the partners want to come in this game when to play in this game Because they know that because they know that it is feasible and it's very interesting to see the overall ecosystem Now running around Claude Watts just for that reason. They all want to build solution open stack compatible they all want to Transform their own solution to be open stack compatible and that's the reason why it's it's really speedy at the moment And that's the reason why also We are at the level who will see just So sorry Where are we and what have we done in one year look at this and maintain and Just imagine as we try to to reach the roof of the world and and you have this long Way a long journey in front of you We are not at the top of of the mountain and not as a submit We are somewhere in the best camp at six thousand meters Where all the companies cannot be because you have already to make some effort to be there But we know that there's something else to do to to reach the top of the mountain, but we have We are already delivering services. We are up and running since months We have our overall hardware setup and running and we have open Storage services secure storage services for our customers for months is already there's about 5000 customers each day There's about 200 300 new customers per day coming to use our services in our services We have developed a box What we call a cloud what box equivalent to drop box if you want, but the cloud what box and In order for you to to manage properly your collaborative environment you can invite What you want and you can share with them document in a secure way you can manage a role all these aspects for only the people who have invited Are allowed to read this document and to share the document with you and nobody else again And this is a service very useful to avoid this kind of The of shadow IT you can see in in each company. So these services are really used and we have To do that we have developed all around open stack what was described before Develop or integrate some module to build CRM billing ticketing everything we need to operate and the full DevOps System has been set up. We are in a fully Continuous integration mode. We are developed We are able to drop the codes on a daily basis, which is just impressive just imagine all the steps all the stage from development to production going through integration and the pre-production all that is fully dynamic fully manage dynamically thanks to open stack mainly because again environment are running on open stack and and it's fully automatized we can Play all the tests of All the testing all the stressing all the tests for quality of code or for Security of code all that is is automatized. That's the reason why we are at this level for DevOps aspect globally so tremendous job has been done by our ops team and our engineering team to do that The bottom line is very interesting as well because This dynamic ecosystem of partner either vendor or integrator for internet software vendors or value-added integrators They all are working to push and to transform the solution for their solution to be compatible to open stack Let's remember that's a main referential of the cloud is the mware So sometimes they have to understand the small difference between the mware and open stack We help them to do that. We support them to do that and it's Real Dynamic activity we have around us Coming from all those But the game is not totally finished for for us and we are participating a lot In the community to add value and to and to climb this this mountain So our recent contribution is described here So software defined network with desperately needs a fully software environment for this Dynamic aspect of provisioning including compute software and and storage What we call smart smart placement or intelligent placement again a lot of constraints coming from legislation Yes regulation or contract contractual aspect when customer ask for special aspect of security security policy or Data localization on a given country or things like that or if we want is that are close to the compute for Latency reason or or things like that We can do that and we are doing that and we have proposed something in the in the community to do that properly I do point savanna on a vanna a fantastic demo has been done yesterday on that topic It's a distributed. It's a distribution of addup. We have set up in a full cloud Mods with multi-tonnet mode and and we are able to set up this environment very quickly on the clouds for people Who want to make an analytics on on on this data? So it's we are enabling this type of services thanks to the cloud computing platform Okay, and we have also translated all the documentation of open stack in French. It seems to be something Not that important, but there's about 80 Franco fun countries all over the world So it's a way of disseminating open stack widely and to be able to interpret with other Companies who are doing cloud elsewhere in the world So it's it's also very interesting to see the impact of we can have by by doing this type of thing and we're also pushing some Codes in in storage for eras your code or for your replication again the aim is to increase the overall resilience of the solution and to decrease the total TCO so the cost of ownership So we will we have other participation in for the module and we will push on it as an example again to give Some additional means to our customer for them to deploy easily a global system of virtual machine Which is something that desperately need if they want to manage properly the information system We will increase our participation to this analytics and big data at in order to be Meta enabler of this type of services and we will continue on this deployment aspect by Playing with open stack over open stack in order to be able to deploy a large large type of deployment on open stack, so this is What we are doing to grow in this in this system and to reach this the roof of the world and That's the ambition we have and that's where we are at the moment Now I leave the floor to Raphael who wants to pick about the way of accelerating the road to the cloud Okay, thanks It's not finished with Daniel I'm Raphael Ferreran the CEO of in advance and you are a partner with Cladoat since the beginning we work with them in the open stack area and Thanks to Cladoat to help us to progress in this era and to contribute directly to the project So as you can see choosing open stack to launch your cloud platform is the best choice you can make But how can you reduce your time to market? And and be sure you can be ready for production in a short time So to do that we believe there are four things you absolutely need to think about So this is based on our experience with Cladoat First of all an agile methodology for easier step-by-step progress reference architecture for a clear understanding of needs and associated designs that fit them Automation and continuous integration From the beginning you must build a platform that is upgradable and scalable and To finish all in one integrated solution open stack is just a part of the solution So you need a full stack to enter in the game So the approach we recommend is based on an agile methodology. Why? First of all to avoid the tunnel effect. This is a complex project with a lot of interaction So please iterate and stay focused on your minimum valuable product first continuous delivery every two weeks offer a gift to your user it could be a small features or Something more complex, but Try to offer a gift to your user in a replicable cycle So this methodology is also need to allow for continuous innovation and follows a release cycle of open stack Each six months you have a major release So you have to be able to upgrade easily your platform and you need to think about that at the very beginning So this agile methodology always starts with a discovery workshop where we review the customer needs and the objective of the project once the needs have been identified we created a test environment to ensure that Recommended solution works And once we have qualified the solution we start three type of sprints The design sprits to build all the specification architecture diagram and user stories the deployment sprints in where we build the cloud and the CI platform for automatic testing and The development sprints in where we build all the specific features for the provider in this process We are also in charge of the upstream acceptance to be sure as a service provider You will stay in conformity with the open stack core project so in terms of reference architecture the first things To being a cloud provider Is to identify what you want to do and Who you want to be on this market so communication is about repetition. So this is exactly the same slide that my partner Few minutes ago, but that's not a problem So there is no perfect reference architecture, but there is a solution for every provider and One of the key things to reduce your time to market is to be sure you will be profitable is to start With a reference architecture. So find the design test it. We have some benchmark compare several solutions Estimate your cost is take times several months at least At in advance we benchmark adwares in several years. So we are always testing different technologies So we can stay on top of what type of architecture feed to your specific needs and it's a huge huge huge work to do that and to find the appropriate solution for your specific market So through the years We have been able to develop strong relationship with a variety of partner However, our approach has always been agnostic Which allow us to ensure that the customers needs meet and pre priority and provide the best solution for them With goal of limiting time to market and cost while optimizing the technologies that fits so provider needs multiple things But at the very beginning you need physical deployment tools that support deployment on several hardware vendor rollback capacity rapid massive deployment and assurance of conformity So to do that we develop a tool the name is a e deploy It's an open-source tool. You can find it on our github at the in advance and it's a image based deployment tool to have discover on the on the hardware and to automatically configure and provision all the hardware stack You have several projects in the open stack area to do that But we try to work on the open with the open stack community and triple o and this kind of project to federate and integrate all those initiatives in one main project So you you also need to maintain the platform over time for this nothing replace a Capacity to automatically test your use case against new proposed version So for this reason all of our deployments comes with the full continuous integration chain Which is a per queue stoma extension of the open stack C. I Together with puppet e deploy and Jenkins are the core components Which we use to orchestrate and operate physical deployment and upgrades then Service which are deployed on top of the cloud need not only a configuration management tool, but also an orchestration tool and for that we Choose to standardize with it and puppet As I said previously open stack is just a part of the solution But you need a full integrated stack to launch your service and generate revenues So to do that we develop a complete stack with all the necessary tools in this graph the The raid is the open stack infrastructure Which we all know and this is a foundation for all the solution It's 100% open source and we are fully integrated values component Depending on the custom earnings with the goal of reducing time to market so you can find a e-commerce web portal it could be based on my gentle You find a serum based on a sugar serum you find a ticketing tools You find a beaming tools and we developed a bus to integrate all those components In the same way on top of an open stack project and the open stack installation could could be Red Hat installation or Ubuntu installation or DBN distribution Whatever we try to standardize and to keep the open source approach for this project So just in a 30 minutes not possible to give you a complete overview of cloud deployment like cloud water So the best way to move forward is to have a talk So we have a booth in the expo hall tomorrow. We organize one of the official party in the aqua harmony club and for European people or If you want to come in Paris on December 5, we will organize the French open stack event in Paris So invite you to join us So so so Europe is back. That's what we said We are in Hong Kong today seven thousand something like that. Let's imagine that in November last year We can be ten thousand in Paris Yeah, it's a good challenge. Yeah, it's good. So hope to see you in Paris Merci You have question We have time for question before going to the party No question. Okay. Thanks everybody. Thanks. Thank you


Very good, honey. It's very good to be here. We were bumbling around the internet actually patty was bumbling around and She came across this amazing tip by resinista and you should come visit wearing water down come by She took a table turned it upside down lined it with something that resin doesn't stick to and then it has edges That the resin will pour over the edges and it just is a brilliant idea. She calls it a pouring table so thank you Catherine at resinista for sharing this amazing thing that you did and It is beautiful and we'll see you next Friday. I use the word buzz a sentence So we'll catch you on the buzz fly say Thanks for helping create


Good morning. Welcome to CMC markets on Friday the 14th of July and this quick look at the week ahead with me Michael Houston got quite a lot to get through today Largely on the basis of the fact that this week ahead will actually be a look two weeks Head given the fact that I'm I've got a I've got a week's holiday coming. So consequently What I didn't want to do is not cover The Federal Reserve Rate meeting the ECB rate meeting and the Bank of Japan rate meetings as a Jew on the week beginning the 24th of July so not only are we going to be covering the week beginning the 17th of July Because we've got some important data coming out In in the week ahead But also the week after is going to be equally important particularly in light of the price action that we've seen So far this week Now last week this time last week. I Basically was scratching my head as to why we saw the big declines that we did in the latter part of the week and I postulated at the time that it was largely as a consequence of those really hawkish Fed minutes Coming on top of obviously a very strong ADP payrolls report and some strong service ISM data and ultimately the the minutes showed that Fed policy makers We're looking at at least another two or three Fed rate rises US rate rises between now and the end of the year Now obviously The things have moved on since then quite a bit I you know at the time We were talking about, you know the potential for we saw a big spike in yields UK guilt yields Went over five and a half percent We also saw a similar rise in US two-year yields, which made marginal new 16 year highs and I noted at the time there was that big spike up there now consequently since then we've seen a really big correction in those moves higher that we saw in the middle of last week and Large part of the reason for that and actually I think for me I was always skeptical about this idea that the Federal Reserve was going to hike by more than say Two times between now and the end of the year. In fact, I was skeptical that we're going to be able to do to at all Which is why those minutes were such a surprise now since then obviously the the debate has moved on at the beginning of the week we saw Chinese inflation Come in at naught point one percent year-on-year Moved further into deflation in the PPI numbers to minus five point four and Consequently, we've also seen US CPI Fall from four percent to three percent But what was particularly interesting was that actually core prices fell more than expected They fell below five percent four point eight and then we had PPI The day after and if you recall what I said in my video last week I suggested that PPI could actually be even more important and consequential in the context of what to expect from the Fed over the course of the next few months and So it proved because you have PPI Year-on-year came in at naught point one percent. So within You know within touching distance of def deflation and core prices actually fell more than expected as well They thought it fell to two point six so Whatever Fed officials would have you believe About their desire To hike rates more than once and July is going to be just July is going to happen We're going to get a rate hike in July The biggest challenge that chair Powell will face I think at the press conference Will be how to convince the markets The Fed is serious About the prospect of keeping another rate hike on the table when all of the data points to inflation falling sharply and It being highly unlikely That they will be able to hike again We've also bear in mind that Between the July hike and there will be two payrolls reports to CPI reports and Given the fact that PPI is almost on the verge of deflation You're not seriously telling me that by the time September comes round The data will support the prospect of another rate hike. I talked to a great length last week about Terminal rates and the likelihood of the Federal Reserve Hiking by another two or three basis points and the Bank of England in particular That you know the prospect that they could actually hike rates as far as six and a half percent in a sense This week's decline in the dollar and declining yields Makes the Bank of England's job a hell of a lot easier when it comes to their own fight against inflation And the reason for that is obviously cables higher So that has a disinflation reimpulse on imports coming into the country and makes them cheaper The more important than that it acts in a way a higher pound axe as a rate hike anyway By virtue of the exchange rate what we've also seen is a big rebound in equity markets Almost like a relief rally After the fears that we saw at the end of last week and the relief rally sort of started on Friday And it's continued this week and the FTSE 100 is held above that 61.8 So financial retracement level 7,200 It's also a GAN number. So it's a really really big support level Around about 7,200 and we've held it and that's a big big relief because ultimately it keeps the the prospect of Further FTSE 100 gains very much on the table and a move back to 7,500 and the highs that we saw at the start of this month the FTSE is still under performed Obviously the Chinese economy There are still concerns around that And as we look ahead to next week, we've got second quarter GDP numbers out of China As well as retail sales and industrial production and obviously the trade numbers that we saw this week were extremely Disappointing nonetheless the fact that they were disappointing would appear to suggest that at some point the People's Bank of China and Chinese authorities will Bring in some form of fiscal stimulus Or monetary policy stimulus to try and support the economy at the moment They're bringing in measures to support the property sector, but I have a feeling while we we won't see Large-scale stimulus. We will see some form of measures to support the economy And given the fact that this week's data out of the US has been broadly supportive in terms of the labor market And falling inflation. We've got a little bit of a Goldilocks scenario when it comes to the US economy Now the next few weeks are going to be a key test of that narrative Because obviously we now have we are now starting to move into earnings season Today we've got the latest numbers from JP Morgan Chase City Group and Wells Fargo They should give us a decent insight into the health of the US consumer more importantly How these banks feel about the health of the US consumer? What some loan demand is like and whether or not we see further provisions in respect of non-performing loans as we look ahead to? next week we also have Further earnings numbers from the likes of Netflix and Tesla and Goldman Sachs As we get underway in earnest, but overall the rebound that we've seen thus far in equity markets Hopefully Will continue on the basis of the fact that the dollar should remain weak yields will continue to come down and really then It's just a question of how positive or not The earnings numbers from the various companies that are due to release over the course of the next few weeks in terms of the week coming up Obviously, I talked about Tesla. I've talked about Netflix But before I get on to them I want to talk about I just want to have a quick look at the the various indices that I covered last week So we got this little bit of a break lower. It turned out to be a false break Or last week the end of last week we're now back above and within this key support line and We could we'll see or look for a bit of a retest of the highs back in June We're seeing a bit of a pullback today That's entirely expected Given the fact that we've we've risen for five days in a row You're gonna get a little bit of a pullback given the fact we're heading into the weekend But what's more important is the range more or less of the last few weeks and months has remained intact Similarly the cat which I showed you last week Managed to hold above This support area here and also we're still above the 200 day moving average. So again here I Think for me we might need to get rid of this trend line completely because it's not really helping We've got a fairly decent resistance level through these peaks through here. We've managed to rebound quite nicely if we do get If we do get some form of stimulus out of China Obviously luxury stocks will fill the benefit of that you would hope Retail sales numbers out of China next week should give us a decent indication as to how the the Chinese consumer is Performing but I would argue they're not going to be particularly positive given the fact that we saw Some fairly poor trade numbers out of China earlier this week. So for the China GDP We have an expectation that the economy will slow on A quarterly basis to 0.6 percent as a reminder The economy the Chinese economy expanded or rebounded in Q1 to the tune of 2.2 percent as the economy reopened at the end of last year Came out of COVID and you've got a little bit of a rebound a Chinese new year rebound That has slow so 2.2 to 0.6 Now Chinese retail sales That's going to be a slightly trickier one I think the expectations are fairly low We're expecting to see a rise of three percent Now when you consider that may rebounded by twelve point seven That's a really significant slowdown and it's it's more marked by the fact that a year ago The Chinese economy was still under various states of restrictions and lockdown So, you know three percent rise in retail sales in June is pretty poor. It's pitiful if I'm honest And industrial production is also expected to slow from three point five percent to two point five percent So those numbers are out on the 17th of July So keep an eye on them because I think if they are weak Counter-intuitively the market may greet them fairly positively because it means that we could well get Some more easing from the Chinese central bank It's also a big week for The pound the United Kingdom now we've seen some we've seen some Middling shall we say economic data this week may GDP Was disappointing like we saw a contraction in the UK economy in May But we only saw a 0.1 percent contraction and I think many people have been expecting a bigger one of around about 0.3 So that would suggest that we did see some growth in the second quarter Obviously, we've only seen April is a maze and but April a major GDP June Is likely to be better? Obviously may was weighed down by the three bank holidays that we saw they made the additional one because of the coronation Also, so we also saw an awful lot of strike days in May as well and the way the UK measures GDP It basically takes numbers from the health care health health and education. So there was an awful lot of public sector disruption there Which would have impacted those numbers The strikes haven't been as prevalent in June So you should see a little bit of a rebound there But the big numbers for the UK CPI they are the numbers that will dictate Whether or not we get a 50 basis points rate hike from the Bank of England in August or 25 Now certainly the wages numbers that we saw Earlier this week would appear to suggest that we are leaning towards 50 But it could be 50 and done or it could be 50 and 25 Now I talked last week extensively about my skepticism about a Bank of England terminal rate of above six percent I think if the Fed stops hiking Then the Bank of England May only hike one more time or two more times after that. There's certainly no more than 75 And the bigger question is whether or not they do 25 or 50 in August. So that for me Is the big question now obviously in In May we saw headline CPI coming at 8.7 percent We've seen cable break higher on the basis that the Bank of England is probably going to be hiking more than the Fed I mean, well, yeah, they are. I mean, I think the Fed is going to do 25 in July The Bank of England is probably going to need them to to do another 50 at least. So if they do do if they do 25 In August then it's highly likely that they could do 20 another 25 in September I personally think that they need to do 50 In August and then see where the land lies in September because in September Inflation could and should be an awful lot lower. What are we expecting for this week? Um A slowdown to around about 8.3 is what markets have got priced in I think that's entirely sensible The energy price cap falls in July So it won't be in the June numbers. So you could see a big drop In headline CPI and we would hope to see a big drop In August when the July numbers are released. Unfortunately, the Bank of England won't have cited Of next month. I think what's more important obviously is core core CPI because that's at 7.1 percent You know, we want to see that come down We want to see it come down back with seven back into and have another six handle But even of itself it won't change the calculus about further rate hikes But I certainly think it will add confidence that we won't see a terminal rate of above six So you could see pricing there start to come down because if we look at the way UK Two-year guilt yields have behaved over the course of the past few days We can certainly see that that move higher that we saw At the end of last week Has given way quite significantly over the course of the past few days. That is good news If that continues, which I think that it will Then we could well see Those that that rate pricing come in quite a lot I think an awful lot of people will be hoping so as as as will I Because it certainly feeds into my narrative the Irrespective of what happens. I still see the pound going higher Because UK rates will need to stay longer So we'll need to stay higher longer than say for example the u.s That should be supportive of sterling If the economy holds up and yes, the UK economy faces enormous challenges We've also got retail sales on the 21st. So we've got cpi on wednesday and We've got retail sales on the friday. We've also got us retail sales coming up this week They should be fairly supportive of The u.s economy not expecting too many surprises there but certainly the I can certainly see potential for cable to go higher now or above 130 head towards 133 Potentially even 135. I think we've hit A period of significant dollar weakness Which brings me on to dolly end. Let's quickly cover that because this is important in the context of what the bank of japan might be looking to do Over the course of the next few weeks now Obviously the week after next i'm not doing a video next week because I will be off next week and for the first couple of days the week after The bank of japan there are some there is some chatter that they could look to tweak The yield curve control When they meet at the end of july on the 28th of july got the federal reserve We've got the ecb and we've got the bank of japan Expecting a rate hike from the fed expecting 25 from the ecb So you're getting Rate markets between the u.s and japan starting to diverge because if that is in fact the fed's last hike Which I think it will be markets will start pricing rate cuts. They won't come this year They'll probably come at the end of first quarter next year because the u.s economy still remains fairly resilient The unemployment rate is 3.6 percent. So there's no need For them to start loosening monetary policy So the you know the bigger question is when is the next when is when are the rate cuts coming if the fed does in fact Go on pause for an extended period not much before Beginning a queue too.  It's held above its 200 day moving average I really don't know why that is Red and blue. So i'm just going to make it red. There we go So we've rebounded off the 200 day moving average Got some fairly decent support there. We're in the cloud now But I would expect that to continue to come down over the course Of the next few weeks, we could see a bit of a squeeze back to 140 But I think the direction of travel is set We saw a bearish engulfing week last week. We've seen further declines this week You could see a little bit of a consolidation Could even squeeze back to 142 But I think the die is cast in the context of dollar weakness over the course of the rest of this year That should be fairly supportive Of equity markets going forward and the bigger question is whether or not people are talking about u.s markets retesting their record highs Yeah, maybe maybe not. I mean to be quite honest, you've got to go with the trend when it comes to that So certainly I think if we look at the s&p and we look at the nasdaq The trend still remains higher So, you know, can we retest those highs? Well, the The s&p's got a long long way to go before we even get close to that But certainly I think April highs back 46 20 That's that's that's entirely possible If we look at the nasdaq the nasdaq is very much outperformed Over the course and it's now back above 15,500 which I must admit. I didn't see coming but again Back here One of the key takeaways and one thing that you guys do need to be aware of Is they're rebalancing the nasdaq on the 24th of july So the magnificent seven those big seven meta mega stocks of meta amazon microsoft apple tesla Nvidia They are all they they basically make up over 50 of the nasdaq 100 So nasdaq have decided to rebalance the index So that those numbers come down to around about just below 40 So there's not as much of a bigger weighting So you could see the nasdaq affected by the fact that those big seven They're waiting is being shaved by about 20% Off the nasdaq from 50 to just below 40 So you could see a little bit of a headwind there, but overall still remain very much in an uptrend for all of those Okay, so in terms of the earnings numbers, obviously we've got tesla out this coming week So I'll quickly cover that and then of course the week after next we've got um Apart from the fed decision the ecb decision and the bank of japan decision We've all got we've also got numbers first half numbers from Lloyd's banking group barclays vodafone shell That west group microsoft meta platforms an alphabet. So a big big two weeks coming up Let's first and foremost look at tesla another record quarter in terms of the number of vehicles sold Coming back to 280 obviously the next target here is around about 300 which is in september highs I think the big question for me is Yeah, they sold all of these cars But what impact of those sales had on their margins because one of the notable things about this particular quarter has been the number of price changes that tesla has announced over the course of the past three months having said that there have been some big wins in terms of Reports that many of its peers like ford gm box wagon and Mercedes would adopt its use us charging standard So that could Certainly help it in terms of Price of use teslas four-year production guidance Is currently 1.8 million vehicles that would be interesting to see whether or not they revise that up netflix Password sharing given it a really big boost, but the big big chart point here on netflix for me Well, it's this gap It's this gap from january 2022 we gap down from here to here because of a profits warning We've we retrace some of it, but there's still this big gap between here and here So the big test I think this week When they announced their q2 numbers Will be whether or not They are able to deliver q2 revenues of 8.24 billion dollars With an expectation of profits of around about 1.28 billion dollars or two dollars And 84 cents a share now We could see a drop in subscriber numbers, but that's not the issue the issue is because obviously If the crackdown on password sharing will incur what I would call is a little bit of subscriber shrinkage but will Will the crackdown increase the revenue that Netflix has managed to accrue over the second quarter more importantly What does it mean for its q3 numbers going forward? So 456 is going to be a big test for netflix when it releases its third quarter numbers Okay, so I've got on for long enough as I say I see the next two weeks I'm going to be big weeks for financial markets got a whole host of stuff to get through Which is why I've tried to basically cover as much as I can given the fact that I'm off next week, but I hope you all have a good good weekend and profitable week next week until Same time in a couple of weeks time. This is Michael Houston talking to you from cmc markets. Thank you very much for listening


Okay. Now can you hear me? Great. Okay. So I have to say seven minutes is a big challenge here. So my name is Denise Dillard and before I jump into kind of the meat of my talk, I wanted to give a little bit of context of which informed how I and others work with the American Indian, Alaska Native community and how I'm approaching my talk about this phase of the research. So a little bit about South Central Foundation. So South Central Foundation is an Alaska Native owned and operated tribal health system which took over provision of all of their primary care services from the Indian Health Service in about 1994. SCF provides a wide range of mostly outpatient services to 60,000 American Indian, Alaska Native people across a pretty wide geographical area, 1600 employees comprise the SCF workforce of which 54% are Alaska Native themselves. So since taking over provision of their own health care, SCF has made very dramatic changes and what their care looks like now is very different in terms of if you visit the clinic, but part of that change has really been very important changes in philosophy. So philosophy's underlying decisions made at SCF are that health is not only medical and individual, but it's holistic and it involves the family and it involves the whole community and it involves many multiple generations. Another key philosophical change is a change from the use of terminology of patients to customer owners since the system is owned by the people that it serves. And this is important because it helps move the population of Alaska Native people from being recipients of care to being in partnership and in charge of their own care with people providing services and with other systems including the health care system. So how does this apply to research and citizen science? So although research has been going on with Alaska Native people for decades, much of the research that was done was done by people who were not native and in a way which has been characterized as helicopter research where people flew into villages, collected their data and then left, kind of never to be heard of again. The results were often never returned or they may be returned in a way which was either stigmatizing, so focusing on pathology or in ways that there was actually damage to the community and the reputation like the Barrow Alcohol Study. And this is a study where results about alcohol misuse in the community were reported on the front page of the New York Times before they were reported back to the community and if you read that article it describes the Alaska Native community as basically facing extinction because of high rates of alcohol use. So all of this history, there's a resultant lack of trust in researchers as well as federal entities that are charged with, quote, protecting human subjects. And this partly goes back to kind of ongoing issues related to treaty negotiations, those kinds of things with the federal government, but also research that has been done by entities like the Public Health Service where Alaska Native children in boarding schools where they were forced to attend were injected with radioactive iodine to take a look at the effects on thyroid cancer. So SCF, like other tribal entities, is increasingly taking over the oversight as well as the actual doing their own research. So SCF, since they took over their own healthcare, they started a tribal review and approval process where all research before it's published needs to be shared back with the community and with tribal leadership and they look very carefully at issues related to possibilities of community harm. But SCF also in 2004 created their own research department and this was done not only to ensure that the community is respected, but also so that the corporation could engage in studies which they felt like really addressed what they wanted to study, not what NAIH wants to fund or what individual researchers may be interested in. And so I am the director of the research department. I am also Alaska Native. I am a customer owner of the system and I'm also a researcher. So I wear many hats in this organization. So kind of moving on to what should, after the study, kind of an important consideration. My focus today is really on kind of two big buckets. One is on developing and disseminating results. And active involvement of participants or citizens or customer owners in developing and disseminating results is really important for a variety of reasons. One is to ensure that results are accurate and complete and I can repeatedly learn that what I may be interested in from my vantage point is really different than what other people may be interested in. For instance, we did a study looking at what people thought about specimen banking. And people wanted a lot of information of what exactly are in the tubes, who works in the bank, do they get freezer burn, those are things I never would have anticipated but we made sure we included those in our results. Doing collaborative results creation and dissemination is respectful of the dignity of Alaska Native people rather than someone who should be disseminated to or educated to and I mentioned the history of forced boarding school attendance. This is using processes that don't repeat the harms of the past and this can help build trust, kind of takes the blind off of what actually happens in research and makes it more transparent. It also helps to build capacity, which is another potential benefit for communities in terms of oversight and participation in other research activities but also gaining skills in other areas. Areas of tension that we faced in this area are issues about if, when and how to return results as well as issues related to community confidentiality. So somebody talked about this yesterday, we often when we do genetic studies, the specimens are not associated with any identifiers and analysis is typically done in research labs which are not CLIA certified. However individuals really want to know their results and frankly this, when you tell people we can't return your results because they're not from the CLIA certified lab, that doesn't make sense to people and so I know that we're in our next set of efforts, we're going to be looking at this whole issue because researchers benefit from knowledge all the time so why can't Alaska Native people or participants also benefit from that knowledge even if we don't know the full implications of that. How to best return results in a way which is meaningful and which is done in a way that is done in plain language, some of the, this is very time consuming and oftentimes it happens at the end of studies which are already insufficiently funded, often kind of beyond the rate of the funded period and so those efforts need to be supported. And then there's also ethical and social issues related to communities so you know communities can be harmed if they're identified in research but in our work some communities want to be, want to be named because they're proud of the work that they've done but you know how do we go about making that decision and then I also do want to say real quickly here a couple other things is that I want to reiterate that scientific publications are important, if you talk to community members in Alaska they feel like there's been all this research in Alaska but there's very few published studies so where are those studies, getting that information out there so researchers aren't returning over and over again to study the same things and it also helps set up the stage for future action and so in terms of action I think paying attention to what are the potential policy implications of the findings, what are clinical practices or procedures that need to be changed, I get asked that for every single study that we do and we take that very seriously and this does not mean that research has to result in some sort of change but I think to be very upfront that you know this may just be knowledge generating but what are the potential future steps which could which could lead to actual change and then my last point is really in terms of data ownership and ongoing use of data SCF has taken the stand that they own and govern all future use of data so there's kind of the tribal oversight but then also for us with use of genetic information or biological specimens we have also taken the stance that we go back to individuals each and every time because individual Alaska native individuals may not necessarily make the same decisions as what tribal leadership may make thank you