Everybody forest Sean and We got Jeff we got a 23 origins certified in gold standard football hobby eight bucks which are number 11 random teams. Good luck. I Forgot for a second. So it's so late at night five and three eight times What's Jonathan bringing the clue names 11 times or eight times number 11 eight times on the random one two three four five six seven and eight Ryan a down to Justin L and eight times on the teams one two three four five six seven and eight Bucks down to Cardinals. I'm gonna pull a big card out of this, too All right, Ryan a bucks Peter K. Seahawks David G Ravens Chris C. Brown's Travis B. Jags Jamie P. Pats John S. Charters Evan E. Raiders Mark D. Bill Charlie P. Eagles Brendan B. Jets Joseph C. Panthers Nunsio with the Bears Joe L Saints Chris J. Oh Vikings Don H. Rams Max L. Packers Taylor R. Dolphins Jacob C. Falkins Charlie P. Bengals Christopher J E Broncos Ryan L. Steelers Nathan E. Commanders Benjamin K. Titans Joe R. Texans Drew O. With the Colts Richard H. Cowboys JJ with the Chiefs Drew O. Giants Chris Q. Niners Eric P. Alliance Justin L. Cardinals Since Sean if I was ever trying to win So what why are you? Yeah, dude fire Here we go, let's do let's do all the certifiers first. It should be three certify three origins into gold standard. Yep Right All right, when that when that lane that's what he's making us for dinner I Wish that's sweet Lane. Thanks, man. Do we trust Lane Lane to cook though? No, I'll cook it I'll cook it. I'd probably eat the with the wagyu as as is right there. Probably wouldn't even put any to it All right, so when I now we get a schoonmaker rookie for the Cowboys All right, we got Saint Brown on the calling cards followed by Butte to 149 rookie for the Pats Yeah, if you two have case Lynn that'll probably be perfect lines followed by Herbert to 349 chargers. I don't know what else maybe like random team mixers I don't know man like a parse and certified stars. That is nice freshman fabric to 50 That is Jackson Smith and jake ball RPA Seattle. It's a nice hit. Good mixer action This is going to Peter K with Seattle JSN Get some good games this year Get some sick catches man to rekill that is an auto. It's gonna be Eric Gray rookie for the Giants out of 99 Oh back to back on us. That's that's a mistake. I'm Panini's part But in our favor came to the Brit the 35 for the Bengals We take that Certified stars the 25 chiefs Travis Kelsey saw the thing going around I'm on the Kelsey podcaster talking about Travis's rookie tops card Dude is so funny really the photo is hilarious. So like he like Travis Kelsey hates it. I Can understand that rookie to 325 Jackson within jigsaw He's catching the ball like this Man, it's tough. It's tough when it's so funny though chiefs to 275 Pacheco It looks like it was an Android or something looks like mass Jersey to 149 certified ballers Jared Goff Gold team young way to Jersey to 199 is Barclay for the Giants Like the piece of the game relics there whole bunch of 80s 90s cards Hey, some vendors only do vintage a lot of vendors only do vintage Little too much Nice jaren hall RPA to 99 Vikings Yes Well, I love it. That's pretty cool Giants here to 15 Rodney Hampton auto I'm the Hampton How old you think we're all Patterson number two 325 Ricky Cameron lots you for the iron so a lot of young people do only vintage We're saying our local show. There are some people that only good vintage that Five of five lions aided Hutchinson All right, I'm older dude. So there we go alliance chill daddy It's 149 burrow for the Bengals calling cards right Ricky Jersey to 399 Laporta for the job for the Lions the lion's reporter It's a 50 Cooper Cup piece of the game Rams Jersey card Rams are interesting going to the next year Like they're gonna have some some money to spend and it looks like they're Have like another mini championship window They're right like pieces dude that Stafford's older, so it's probably like a probably like a two to three year But still like there's a shroud of 399 Texans. Nice. Here we go. Here we go Houston. Very nice That dude can still Yeah, no he was He was so good against Detroit did Tyree kill there's Ricky Eagles. They let Carter to 149. I was upsetting that they That's So 349 Echler for the Chargers Next year They're a little sour, you know what? I'm rich To 349 Josh Jacobs for the Raiders Couple showcases Caffrey that is Ricky Jersey auto Tyler Scott bears at 299 I don't I don't think I could ever sell enough like that Jeff and the mortals of merino Nick Chubb to 75 Jersey auto Cleveland. It's a nice hit for Cleveland Chris C. Parsons calling cars Ricky Ravens to 199 Zay flowers My Zay That's the 50 it's Patterson for the Falcons gold team inserts to 50 Vikings to 275 Dalvin Cook Jersey stats invented to 199 Rams. I was gonna say sign late, so it's like not enough time to learn what the hell's going on Certified stars young Ricky Jersey root to 399 Roshan Johnson for the Bears Imagine he'd be Activated for the game this weekend. I don't know though It's just like your second or third back Bryce young franchise foundations Panthers because Gus is your guy But yeah cooking definitely add something there Morals Jim Kelly rookie Bryce young at 275 now Carolina Will number rookie QB's Is that true here? Yeah, that's right. There you go. They were super super endangered for a while They were down to like less than a hundred left. Yeah. Yeah, it was pretty bad Yeah, it was real about like 10 15 years ago back a little bit They were like super super protect so we're gators to 75 Vaughan Miller bills young young now All right three origins now I Will Anderson Ricky to 99 To 75 Curtis Samuel No Joe Leviss rookie tank tail rookie Centralman rookie Jersey to 199 for the Browns Michael Wilson orange rookie out of the 75 for the Cardinals They tank Bigsby rookie Jersey autograph for the Jags See if we do a little better here 75 is Robinson for the commanders Ricky to 125 mims for Denver Geo Leonard rookie CJ shroud base Jalen Carter rookie patch out of 75 for the Eagles Will Anderson junior rookie autograph number to 99 of the variation for the Texans In redemption eight in O'Connell for the Raiders rookie jumbo Jersey auto Penny Redemption's Sean's not retiring anytime soon What you talking about will Talk about with Squiz it makes in the water 249 Ricky Stets invented for the race Say 125 Shannon sharp from Denver. We got an SP rookie rookie. I figure what they're called right to find out though I think it's Sean Clifford Primordial Quentin Johnson for the Chargers on the SP There we go. I know I'm just messing with you too. It's all good It's all mess DTR rookie patch out of 199 for the Browns. I'll have a good time Luke schoonmaker rookie auto for the Cowboys and a redemption is gonna be Devon a chain rookie jumbo Jersey auto for the Dolphins bills Bills, oh man. Yep All right two gold standards here Good luck everybody Rookie to 99 Michael Wilson for the Cardinals Next is a Double Eagle Cooper cup number to 24 the SP these looks so sick Here you go Rams. That's awesome. Cooper cup double eagle Jersey card Micah Parsons the 299 Dallas Rice young rookie Jersey Carolina to 399 a Brock Purdy art of gold patch card of 24 for the Niners Purdy Panthers rookie Jersey autograph Jonathan mingo to 199 and for Atlanta a Bijan Robinson rookie Jersey on a 199 ETO with a nice Bijan That was for Jacob C Jake out the Dolphins give him that now. Oh, I pray they don't I pray they don't It's a 49 is Derek Carr for the Saints I'm sorry Your brown rookie to 75 Niners There's some scratches on this car We'll send a box and wrap it with the Saints case you want to try to get that replace opinionee Skymore three color patch to 49 for the Chiefs Will Anderson rookie Jersey 399 for Houston Jersey for the Dolphins Tyree killed a 299 Autos here first one is gonna be Marvin Mims for the Broncos to 199 the rookie and Then Niners rookie Otto Jake moody to 199 give me a minute here. We'll do a recap Recap time that relics of will Anderson Tyree kill skymore Brock Purdy Parsons race young double-legal short printed Cooper cup 24 Torian Thompson Robinson Jalen Carter From a pop before and how about that? How about that? Cedric Tillman Roshan Johnson Stetson Bennett's Cooper cup Sam LaPorta Saquon Barclay and Jared Goff Hey, have a good night Lane Autos of moody mims Bijan Robinson Jonathan Mingo Luke schoonmaker Von H&M redemption from Origins for the Dolphins will Anderson ain't no Connell Raiders redemption Michael Wilson tank Bigsby Nick Chubb Tyler Scott Jared Hall Cam Taylor Brits, that's Eric Gray. Got Jackson Smith and jigba and Rodney Hampton You know that does it for the break absolute case coming up


Hello everyone. Welcome to Options with Doug. Streaming live daily on Bookmap Discord and the Bookmap YouTube channel at 1.30pm each time. Excuse me. Before I get started, I need to go through the Disclosures. General Disclosure. All Bookmap limited materials, information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations. Risk disclosure. Trading futures, equities and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. Here's my contact information. The best way to get in touch with me is through Discord. My name on Discord is Doug P. Also on Bookmap Discord, there's an Options with Doug chat channel that's a great place to post questions, comments and content related to the topics of my presentation and the topics of the channel that I'll go through in just a moment. And also note that Bookmap Discord is free and available to everyone whether you subscribe to Bookmap or not. There's a lot of great content there. It's a fantastic community of traders trying to help each or learn and become better traders. Highly recommended. If you're not a member of Bookmap Discord, again, please check it out. I'm also on X, formerly known as Twitter. My name there is at Doug P. The focus of my presentation today and the focus of the Options-Doug chat channel is Options, Order Flow, the impact of options markets on stocks and futures and the influence of Market Maker hedging flow on price action. I have a two-step process for trading and the first is planning and I use positional analysis. I look at how traders and market makers are positioned in the options market and how those positions change from day to day to develop a thesis regarding the expected trading range and volatility for the day as well as a directional bias. And the second step in my process is execution. I look at real-time motor flow in Bookmap and real-time Market Maker hedging flow in Spot Gamma Hero to confirm my thesis and for setups for entries and exits. And when I talk about setups today, I will be focused on an underlying asset. And setups in that asset can be taken any number of ways. For example, the S&P 500 setups can be taken with ES futures, SPY shares, SPY options, SPX options, or even ES options. And also the setups that I talk about. I'm primarily focused on intraday trading but they, depending on your time frame, they could work for swing trades or even longer term. Questions and comments are welcome. And I will be watching both the options-duck-chat channel and Discord as well as the chat and YouTube for your questions and comments. Please feel free to post and I will do my best to answer your questions. And thank you slow to Rossi today for the notes about SPY as well as the DOG prepares to file an Apple and a trust case as soon as March. So thank you for that. Alright, here's my agenda for today. Wednesday, January 17th and it is very cold here. I hope everyone is staying warm. Got down to single digits last night. So very cold here. Alright, so first of all, I want to start with news items, economic data and events for today as well as the rest of the week. Then I'll go through my positional analysis, then I'll review some setups from earlier today, and then I'll take a look at the live market. And when I get to the live market, if anyone has any stocks they want me to take a look at, please let me know and I'll be glad to do that. Alright, let's get started with economic data and events and let's go to the ES Futures and Bookmap. So there were two key events today. For example, first of all, retail sales came out at 8.30 a.m. Eastern Time and the retail sales came in greater than expected, greater than the previous number. Let's just zoom in on that. That was at 8.30 a.m. Eastern Time. So really not much of a reaction. Sorry about that. So here's the reaction at 8.30. Initially bearish, wrong tool, initially negative reaction, then a bullish reaction, then the third wave lower. Alright, so that was the retail sales, really not much of a reaction today. Then at 1.00 p.m. there was an auction 20-year Treasury auction, and it looks like the S&P 500 was already in a downtrend, but that, now the ES continues to trend lower. Alright, for the rest of the week, tomorrow just really the more higher impact events. Jobless claims at 8.30 a.m. Eastern Time, also building permits at 8.30, and then Friday, 10 a.m. Michigan Consumer Sentiment. So overall, very light week for data in the holiday, shortened week. Alright, so that is the data for the week. Now let's start with positional analysis. This is the, and I'm going to start with the S&P 500. This is the ES Futures and Bookmap, and before I take a closer look at this chart, I do want to take a look at the underlying index in a larger timeframe. So the underlying index is SPX. This is a one-day chart in Thinkorswim. This is showing the rally that began October 30th for a variety of reasons. IV Collapse put Vanna Rally, what the market interpreted as a more dovish-fed and lower than expected inflation reports. All led to this rally higher that ran into so far pretty stiff resistance right around 4,800. So this first push higher was reverse-lowered just a little bit below 4,800, and then this push most recent last week, reverse-lowered just above 4,800. So 4,800 is the key level, key resistance level. All right, let's take a look at, again, SPX, and this time in a 30-day one-hour chart so we can see those levels of resistance a little bit more clearly. So this is the 4,800 level right here, acting as resistance just at the end of the last year and then this is this year resistance week prior and actually then also last week now SPX moving lower potentially down to 4,700 that has acted as support. All right, let me point out the levels on this chart. First of all, the dash purple lines are showing the lower and upper weekly expected move. This is based on the options market. I update this once a week over the weekend. SPX is training below that lower weekly expected move. Again, it appears to be heading toward 4,700 and then the dash blue lines are showing the lower and upper daily expected move. Again, based on the options market and SPX is training below that level as well. That's updated once a day. So SPX now training below the lower daily expected move for today and also the lower weekly expected move for this week. All right, the dark red lines are showing spot gamma levels. These are proprietary spot gamma levels provided to spot gamma subscribers for a variety and they're shown on a variety of trading platforms. Again, this is thinkorswim, a 30 day one hour chart. I'm going to point out the key daily levels. First of all, here's the put wall that's the strike where the largest net negative gamma that can be expected to act as support. That's at 4,600 and then the next level up is the volatility trigger at 4,765 and that is spot gamma's proprietary volatility gamma flip level. Below that level, market makers position on the gamma curve is negative. In a negative gamma environment, market makers have to trade with price to hedge their delta exposure and that tends to enhance or increase volatility. On the other hand, above that level, market makers position on the gamma curve is positive. In a positive gamma environment, they have to trade against price to hedge their delta exposure and that tends to subdue or decrease volatility. And note that for SPX, gamma notional at the beginning of the day was positive and now SPX is trading pretty firmly below that volatility trigger. Most likely will flip to, if this continues, most likely flip to negative tomorrow. The next level up is 4,800. That's the level that I've talked about, the resistance level. That is the call wall. That's the strike with largest net positive gamma that can be expected to act as resistance. That's also the absolute gamma strike. That's a strike with largest absolute positive and negative gamma. So that is where most of the gamma weighted open interest is concentrated. So those are the key levels, key daily levels for SPX, 4,600 floor and 4,800 ceiling for price. Alright, let's take a look at one other SPX chart. Now I'm going to take a look at a one day, one minute chart. So this is showing that SPX gap down. So the dark area on the right is the regular trading hours. So SPX gap down right around the zero gamma level at 4,738. Attempted to rally and is now back below the lower daily expected move and the lower weekly expected move. And note the zero gamma level was in play earlier today, acting as resistance, then support, then resistance again. And now SPX low of the day right around 4,716, 4,717 and again appears to be headed toward 4,700. And that has been spot gammas kind of lying in the sand for a more volatile move lower below that 4,700 level. That has been there lying in the sand for some time. Alright, let's go to book map. Now book map, I have my own cloud notes. So I can show SPX levels. For example, there's that 4,738 zero gamma level that I talked about acting as resistance, support, then resistance. I also have spy levels on my chart. And for example, this is the spy 470 large gamma two level. And yesterday that was the put wall and the put wall for spy has moved up to 47 472 now. And note that the S&P 500 is trading below that level. And actually the spy 472 put wall acted as resistance. And that was right at the 1pm 20 year treasury auction. Alright, so those are the levels in play for today. So so far the we zoom out just a bit. So the 471 level that's another spy level acted as support earlier today is a launching point for a long that I'm going to talk about then it looks like really this lower daily expected move acting as resistance. You can see all the large iceberg orders coming in. I'll talk about that. And now the lower the day is yet to be determined. Alright, note shifts in levels. The volatility trigger for SPX shifted lower just slightly 4770 yesterday. And also the put wall shifted lower. So the put wall shifted lower higher yesterday on Tuesday from 4600 to 4700. And then now has shifted back lower to 4600. So that is overall a little bit bearish when two levels shift lower. Alright for spy the volatility trigger also shifted lower. And as I mentioned before the put wall shifted slightly higher. And again we'll talk about setups in a few minutes. Alright let's take a look at NASDAQ now. Oh just one other note. If this seems confusing SPX 4738 at ES 4770 there is a difference in price between ES and SPX. It changes a little bit every day. I post all the index relationships that I use every day in discord. So right now I'm using ES minus SPX equal 32. So again they all change every day ES minus SPX at 32. So SPX 4738 shown at ES 4770. Alright, let's take a look at ES 4770. And then alright let's take a look at NASDAQ now. So this is the NQ futures and book map. And before I take a closer look at this chart I do want to take a look at a QQQ chart so we can isolate the levels and play for today. So this is a one minute chart. Let me zoom out just a little bit. So this is the 408 volatility trigger for QQQ acted as resistance before the cash open. That's around 7, 7.30 a.m. Eastern time. Acting as resistance. And then the 403 level acting as support. So so far QQQQ is moving lower but not below the low of the day. Like SPX is trading down below the initial move lower. So SPX trading down near the low of the day QQQ not. Maybe finding support at this 404 level. So the levels and play 408 volatility trigger 403. That's just a round number level. And then the 404 level that is a combo L1 level. Combining NDX and QQQ gamma weighted open interest into one combined level shown in terms of QQQ price. And that's also a large gamma forward level. So that's important level. Alright finally let's take a look at NDX. So I'm looking at all these underlying indexes. These are options trades in for the SB500 and SPY SPX and NDX are key drivers of price for ES. So when traders buy and sell puts and calls by SPX market makers hedge those positions with ES futures. And the same for NASDAQ when traders buy and sell QQQ and NDX puts and calls market makers hedge those positions hedge their positions with NQ futures. Alright so that's NDX this L3 level 16700 acting as resistance. And here's the call wall also absolute gamma strike at 16650. That level has been in play resistance resistance support. And now NDX trading below that level. Let's go back to book map. So in book map I have my own cloud notes as well. So I can show key levels all in one column here. There's that 16700 level large gamma 3 level acting as resistance. And then here's that 403 level QQQ 403 level that acted as support earlier today. Alright so on this chart I have NDX levels QQQ levels and then other round number levels for NQ. There's the 16700 800 also the lower daily expected move. So NQ is trading below its lower daily expected move. We'll take a look at setups in a few minutes. Alright the next thing that I want to look at the next part of my position is my position. I'm going to look at positional analysis. I look at gamma notional every day. This is market makers position on the gamma curve at the beginning of the day for the S&P 500, NASDAQ and Rosso 2000. Note this is a mixed picture today. For example the S&P 500 at the beginning of the day SPX gamma notional was slightly positive and slightly negative for SPY. And this is kind of an anomaly. This higher positive number for QQQ. Not quite sure what to make of that. The shifts in these numbers all were lower, became less positive or more negative with the exception of QQQ which shifted slightly higher. And just to understand what this means in a negative gamma environment this indicates that traders are long puts. This is what SPOT gamma assumes. Traders are long puts. Market makers are short puts. And in that environment they have to trade with price to hedge their delta exposure. So if price drops they have to buy futures to hedge their delta exposure. We'll see in just a minute in the VANA model. And then on the other hand in a positive gamma environment market makers assume that traders are, for an index, traders are short calls, market makers are long calls hence the positive gamma and they have to trade against price to hedge their delta exposure. So let's take a look at the VANA model to get a graphical representation of what that means. This VANA model for SPX is a little bit unusual in that it is showing such a large skew to the left. This is typically, this is more typical for a more negative gamma environment. Anyway what this chart is showing is market makers delta notional on the vertical axis. SPOT price for SPX on the horizontal axis. There are two curves on this chart. The first curve, the light gray curve, shows how market makers delta notional may change with changes in price only. And the purple curve adds implied volatility to the equation. That's showing how market makers delta notional may change with changes in price and applied volatility. And that change of delta with a change in implied volatility is the VANA effect. VANA is a second order Greek. Alright, let's go back and check again the low of the day for SPX right around 47.15. So that's right around here. That's on this steep left portion of the curve. Again, this is typical of a more negative gamma environment. But just to point out, if price starts to increase from here, implied volatility drops, market makers can buy back short futures. And that's a put VANA rally. On the other hand, let's check what the high of the day was right around 47.44. So right around 47.44. So what this is showing as price has been dropping, market makers delta notional increase. So price falls, market makers delta notional increases and they have to sell futures to hedge their delta exposure. Alright, so that's the VANA model SPY. And this is a little bit more expected for just a slightly negative gamma. Let's see where SPY is trading. Right around 470. So also on this left portion of the curve, typical of a negative gamma environment indicating market makers will need to trade with price to hedge their delta exposure. Quick Check on Q Q Q Q trading right around 404. So also on this left portion of the curve indicating market makers will need to trade uh with price to hedge the delta exposure. Price decreases. They have to sell the futures, so in the case of QQQ that would be and Q futures and the price increases. They will have to buy back their short futures. All right, one other thing I want to point out real quick. This is the expiration concentration for this Friday. This is January expiration. What this chart is showing, and I'll talk more about this tomorrow. I just want to introduce this today. This is Delta Notional at a variety of expirations. That is the January expiration, the large bar on the left. Orange bar is showing, orange bar is showing call Delta and the blue bar is showing put Delta. So you can see the orange bar clearly dominates the blue bar. So this is a call dominated expiration. This is for the S&P 500 NASDAQ and Russell 2000 for equities. Spot Gamma has shown another chart showing a pretty similar call dominated expiration for January, indicating that may lead to a move lower after expiration. And the mechanics for that, let's take a look at one other thing. This is equity hub in Spot Gamma. I have ranked my watch list by next expiry Gamma percent. So this is all showing for these stocks, very large amount of Gamma expiring on Friday. And as that Gamma expires that in a call dominated environment, when traders buy calls, market makers sell the calls and they have to buy stock to hedge their delta exposure. As those calls lose value, they expire. Market makers can sell their long stock edges. Their delta exposure decreases. They no longer need that stock so they can sell that stock and that could potentially lead to a move lower as market makers no longer need that long stock edges to their long stock edges to hedge their positions. I'll talk more about that tomorrow. All right, so that's just something to keep in mind. All right, let's take a look at some setups now. So really my thesis for the day based on the information that I had looking at kind of a mixed picture for Gamma Notional. I was looking for moderate volatility and also the S&P 500 slightly bearish based on the shifts lower and the volatility triggers for spy and SPX and also the shift lower and the put wall for SPX and then for QQQ a little bit more neutral given the higher Gamma Notional for QQQ. Also the for the volatility trigger shifted higher for QQQ. All right, let's take a look at some setups now. First of all, I want to see what options traders have been doing today. So this is the hero signal hedging impact real-time options. So everything that I've shown so far other than book map has been based on static data. This is Spot Gamma Takes open interest data that's updated once a day sometime overnight. They apply their proprietary algorithms to come up with the information, the levels, the information that I've just shown that I use to develop my my positional analysis of my thesis. So now we're going to look at real-time data. I'm going to start with options trades. Again, this is hero hedging impact real-time options. This is available to Spot Gamma subscribers. What this chart is showing is price for SPX and the hero signal in purple. And a falling hero signal indicates traders are taking negative delta positions. They are buying puts and or selling calls. Market makers take the opposite side so they have to sell futures to hedge their delta exposure. And on the other hand, a rising hero signal indicates traders are taking positive delta positions. And that led to this setup this morning. Traders are buying calls and or selling puts and market makers take the opposite side of that and they have to buy futures to hedge their delta exposure. So this hero signal is showing a combined signal of options trades and market maker hedging activity for a combined signal of SPX, SPY, XSP, and ES futures. That's in one combined signal, combining options trades and market maker hedging activity and all those instruments. Let me zoom in on this chart now. I'm going to zoom in and focus on a couple setups. And this is really what I was looking at this morning, as I was preparing today is this long setup right around 10am. Heroes started making a series of slightly higher lows and then just after 10am, traders came in and started aggressively taking positive delta positions. Leading to a long setup, let's go to book map. Go back to ES. So we know right around 10am, traders started taking positive delta positions and there were even stronger clues here in book map. So I'm going to point those out. So first of all, this rising light blue line is showing large traders buying with iceberg orders. And this is pretty typical behavior. They will start to buy weakness. So as price moves slower, they start buying with iceberg orders and they use iceberg orders to hide their size. And this is pretty significant size. So that's the sub chart indicator, that rising light blue line, showing traders buying ES with iceberg orders. This on chart indicator shows the exact events. So for example, this arrow here is pointing to 4,832 contracts. That's five different executions. If I zoomed in closer, it would show those individual executions. So that is 4,800 contracts. Here's another one. Over 4,300 contracts, three executions. So large traders buying as price moves lower toward the lower weekly expected move, then price starts to reverse higher. The volume dots are showing market buy minus sell. Magenta dots are showing indicating more sellers than buyers. And green volume dots indicate more buyers than sellers. And also finally this falling yellow line indicates sell stop orders. So this move lower was fueled by sell stop orders. Again, remember iceberg orders, large traders buying that move down with iceberg orders as retail traders with their stop orders are puking and price goes right down to this 471 level. Then order flow shifts, aggressive buyers start to come in, shown by the green volume dots. These sellers are exhausted. Pricer versus at the 471 level and starts to make a series of higher lows. And that trend higher, eventually reverse lower. As we'll see in a minute, traders started taking negative delta positions, finding resistance right around the lower day they expected move. And note in this case, large traders start taking negative delta, they start selling with iceberg orders. Not quite the size as they were buying, but you can see from the on-chart indicator, all these sell iceberg orders showing them pink there. Not the size they were buying, but enough to help to push price lower. All right, let's go back to hero. So we know again at the 10 a.m. for this long setup, traders were taking positive delta positions, large traders buying with iceberg orders, and price reverse at the 471 spy 471 round number level as aggressive buyers started to come in and the sell stop orders stopped. So aggressive buyers, CVD shifts slightly higher, that's shown by the pink line on the sub chart, and then the sell stop order stop. And then finally, the buy stop orders helped to fuel the move up to the final resistance point there. All right, let's go back to hero now. All right, this is a very nice divergent short setup. Let me check for questions. All right, ES01 and open gold chart. Not sure what that means. I don't have a gold chart. So if you want to look at GLD in hero, I can do that when I get to the live market. And demo trader asked, hello, demo trader, welcome glad you're here. Can you give me your opinion on the market pulling back to the lower daily expected move? And what that means in terms of contacts, curious to see how you see it. So the thing about the lower daily expected move, market makers may be hedging there. Typically the expectation is that price will stay within that range. But if price breaks below that level and it acts as resistance, yeah, I would interpret that as very bearish. So let's go back to the SPX one minute chart. SPX is training below the lower daily expected move and the lower weekly expected move. Yeah, I interpret that as bearish. Definitely. And then I would watch order flow and hedging flow to see if traders and market makers are reacting and could potentially bring price back within that level, that range. So those, the lower and upper daily expected move and weekly expected move, I put those on for reference. I place more importance on the spot gamma levels, acting as support and resistance. And we're going to ask if market maker hedge, hedges, can you see in book map? Yeah, you should be able to, although I don't think you can separate out their trades from other trades. So yeah, I mean their trade should be part of the order flow in book map. But again, I don't know of any way of distinguishing what they're doing compared to other trades. All right, so I've talked about the long setup, 10 a.m. Iceberg orders were the kind of the key, the primary signal for versatile hire. Also traders taking positive delta positions shown by hero and then the shift in order flow and shift in CVD from negative to positive. All right, now let's take a look at this short setup. This is very nice divergent signal starting right around 11, 1105. Hero started making a series of lower highs, setting up this divergent short right around 1145. So traders were starting to take negative delta positions and it took about 40 minutes to play out. Let's go take a look at book map now. So in book map, and we know this lower day they expected move acted as resistance multiple times. Sometimes that'll work, sometimes it doesn't, but it is a level for reference. And at the same time, large traders were selling with iceberg orders. Note also the liquidity in the order book going to darken up the heat map a bit. So the heat map is showing the history of the limit orders in the order book. And note this dark area showing more limit orders in the order book. And in this case, acting as resistance and price starts to move lower. So there are a couple of trend lines here. I've drawn the kind of the main trend line this morning. Then one more trend line price breaks below that level. As traders were taking negative delta positions, then aggressive sellers start to come in. Shown by the magenta volume dots there. Let me scroll a little bit here. So in this range, let me zoom back out. Earlier you can see that there were, I pointed out the iceberg sales. This light blue line shifting slightly lower. And also stop order shown by the yellow line, cumulative volume delta shown by the pink line start moving lower as well. And the ES starts making a series of lower highs. First finding resistance at the zero gamma level that I pointed out before. Also the light blue line is VWAP. Then finding resistance. Another nice pullback entry at 472, the spy 472 put wall. So we know that large traders were selling with iceberg or light selling ES with iceberg orders. Traders were taking, started taking negative delta positions. All leading to a short setup. It took some time and patience to wait it out. But again this final break of this little trend line here as aggressive sellers started to come in was a great entry point for short. Then secondary entry points at the 4738 level and also the spy 472 level. And then potentially ES finding support at the spy 470 level. That's a large gamma 2 level. Ceasar says these last two weeks have taken a lot of patience, time and patience. Yeah, trading does in general. That is one of my biggest issues as patients. So definitely trading effectively does take some patience to wait for the right setup. Just watch and wait for price to come to your setup. Alright so that's the SP500. Man I'm going way too slow. Let's take a quick look at NASDAQ. Very similar. Take a look at the NASDAQ signal. This is a combined signal of the NDX and QQQ. And this setup in the morning more pronounced. Traders aggressively taking positive delta positions at 10 a.m. So I'm just going to talk about the long. So just like the SP500 you can see the iceberg orders coming in buying weakness shown by the rising light blue line on chart indicator showing buy iceberg orders. Though these numbers are very typically much smaller than the ES. NQ much larger contract. Pricer versus at the 403 level. And that's just below the NQ 16,700 level. Price makes a series of higher lows as traders taking positive delta positions and NDX and QQQ. Market makers buying NQ futures to hedge their delta exposure. And let's take a look at some stocks. First of all AMD. Let's go take a look at HERO. And here's the long setup. 10 a.m. reversal higher. HERO versus higher. Going to separate outputs and calls. So the orange line is showing calls. A rising orange line indicates traders started buying calls. So the HERO line shifted shifted to positive. When the traders buy calls, market makers sell the calls and they have to buy stock to hedge their delta exposure. This is a very typical pattern. Aggressive call buyers come in. They take their foot off the gas anywhere between 11 and 1. So in this case right around 1145. They take their foot off the gas. The HERO signal levels off and price consolidates or moves lower. Very typical pattern. Happens over and over again. Let's go back to book map. And there's the long setup as price reverses just below the 155 level. All right. The next is Amazon. No for Amazon, 150 is the key gamma strike. Let's go to HERO. I'm going to zoom in on this just a bit. So there's the 150 key gamma strike. And note in this case separating outputs and calls gives you a leading indicator here. So excuse me, traders started buying calls right around 945. Showing by the rising orange line. And price moves higher just after 10 a.m. As traders, the put buyers, shown by the blue line, take their foot off the gas. Price starts to move higher. Traders have been buying calls. Traders stop buying puts. Price moves higher. And reverses right at the 150 key gamma strike down here. Note also all the liquidity at that level. This is pretty typical of stocks. That the liquidity, these resting limit orders, in this case, buy orders come in typically mostly at the cash open. There were some limit orders here before 930. And then they stay in the order book until they're filled. Next is Netflix.  Note that for Nvidia, and this is really interesting, 547.50 is the put wall. And note where price reverses. You know, it's just not even around number level. Not a 45 or 550. It's 547.50. And price reverses right at that level. And note the shift in order flow. Very obvious here in Nvidia. Aggressive sellers on the way down, shown by the magenta volume dots. Then aggressive buyers start to come in right at that put wall. And Nvidia moves higher. We can zoom in on this a little bit. Again, there's the reversal 547.50. Aggressive sellers on the way down. Aggressive buyers start to come in. Let's see what options traders are doing. Go to Hero. Go to Nvidia. So you can see the call buyers started to come in right at that put wall. There's the put wall. Then 550 is the key gamma strike. But they all go again all the way down right to the put wall. Then call buyers start to come in. Let's just take a look at the total signal. You can see the shift a little bit more clearly here. Traders start buying calls, taking positive delta positions. ES01 wanted to take a look gold. So again, I don't have gold in book map. We can take a look at GLD if you want. All right. So starting right around 11, traders started taking positive delta positions. That vertical line indicates a larger block order, institutional order. Also note the flow alert indicating significant options activity. And so far, GLD is not really responding. All right. Let's take a look and see what the indexes are doing again. All right. So it looks like SB500 may be trying to reverse hire. Let's go back to book map. Note that large traders have been buying today with iceberg orders. This is a pretty significant size. Positive 11,663. And this is cumulative since I opened book map, which was right around 7 a.m. today. And you can just see the rising light blue line in the sub chart, cumulative volume delta kind of and stops balancing that out, both negative for the day. But again, right now it looks like 470 may be support. There were some iceberg orders coming in, shift in order flow, aggressive buyers starting to come in shown by the green volume dots. And if price continues to move higher, you would expect to see some buy stop orders starting to fuel to move higher. Let's go back to hero. Let's see what options traders are doing again. I'm going to zoom in on this a little bit. So right around 1350, traders started taking positive delta positions. Separate outputs and calls. So right now the orange line and the blue line are moving in the same direction, not strongly higher, but they are moving higher. So traders right around 1350 started buying calls. Again, that's shown by the rising orange line. They also stopped buying puts that's shown there and they start selling puts or even really just stop buying puts. But right now it appears that both the blue line and the orange line moving in the same direction, slightly up. That is a powerful directional signal. Spot gamma has indicated when both the orange line and the blue line are moving the same direction, that is a powerful directional indicator. And finally, let's take a look at NASDAQ. All right, so same situation, just a little bit more aggressive, both the orange line and blue line now moving in the same direction. Traders are buying calls and selling puts. Powerful directional signal. Go to book map, check NQ. All right, so NQ finding support at 404, QQQ 404. Also note, iceberg orders shown by the rising light blue line. Also CVD shifts higher. Iceberg orders. All right, that's all I have for today. I want to thank everyone for watching. Thank you very much for your questions and comments. And I will see you tomorrow. Thanks again. Bye.


The following is a presentation of TFNN, the morning market kickoff with your host Tommy O'Brien. Good morning everybody I'm Tommy O'Brien coming to you live from TFNN 8 30 a.m. Wednesday morning one hour to go to until that opening bell and we got markets in negative territory right now S&P futures negative by about 18 points or six tenths percent trading at 3100 on the dot NASDAQ futures negative by 24 points or about two tenths percent 10,171 yet the NQs record territory yesterday Dow off 190 points 25,830 we've got oil negative today 81 cents trading of 39 56 we get EIA numbers two hours from right now 10 30 a.m. Eastern time Tom and I will be on there for those we got the 10 year yield ticking up as we're getting some lower price in yield excuse me at lower price in the notes higher yield the 10 year yield yielding 0.73% to see what that looks like on price there's your 10 year down about six ticks at 138 17 you get the 30 year down 11 ticks right now at 176 19 I mentioned oil down 82 cents at 39 55 you back it up we're about two dollars though from the high that we had about 24 hours ago 41 63 in the price of crude gold contract up four dollars to 1786 hit a high of 1796 early this morning for some context on gold you back it up that's a three year weekly it's basically been a rocket ship since November of 18 you could argue really things accelerated May of last year you're talking about the last 13 months you traded from 1276 we're flirting with recent all time highs and you want to back it up to where we were the max 1923 that all time high taking place 2011 and folks were right back up to where we were on those all time highs the price of gold drilling back down to the shorter timeframe jumping around to the VIX as this market creeps a little bit lower we got a little elevated territory in the VIX 29 handled to open trading yesterday actually made it down to a 29 handle in the afternoon as well briefly spiked to a high last night in the VIX 33 76 currently trading in 32 19 as we stem the worst of some of those losses in the market jumping over to the S&P to take a look so of course late late Monday night we get Peter Navarro's gaff whatever it was out there saying the China deal is no longer we charge back what I want to point out is this was yesterday's action and we stayed relatively calmly at this level that we were at in terms of regard above let's say the flash low we had but last night things accelerating this potential for new trade concerns talking about EU tariffs potentially coming into play that hitting the market COVID-19 accelerating hitting the market either way at about 3 30 a.m. You have markets trade from 31 21 you trade down about 40 points by 5 15 to 3081 and then you see we bounced about 20 points since then but man we made it within 20 points of the flash low yesterday that we had on those Peter Navarro comments trades trade concerns always the forefront of what we have going on and we'll see how that plays out alright let's jump over to some of the equities we'll jump right into it stocks making moves this morning so carnival their debt rating count excuse me cut to junk by S&P which is forecasting continued weak demand for the cruise industry due to COVID-19 should not be a startling revelation folks nonetheless carnival from 18 to about 17 Dell technology so Dell exploring options for its 50 billion dollar stake in VMware according to the journal those options include both selling the stake or buying a portion of VMware that it doesn't already own so they they don't want to go all in or all out when a bag go out with their numbers the recreational vehicle maker lost 26 cents a share for its latest quarter market was looking for a loss of 45 cents revenue well above estimates despite the negative impacts of the shutdowns hey maybe when you're shut down you want to go for a what's that symbol I should know it's a good one what is it now WGO maybe people want to just ride off into the sunset and there when a baggo in their quarantine for some context on this stock look at that right winners and losers talk about winners and losers folks when about when a baggo from 60 down to 16 and we're gonna open right under 70 6850 by 6950 on their bid offer with their earnings out just remarkable some of the accelerations these stocks have had Dick's Sporting Goods I personally have talked about I've been to Dick's they get some great curbside takeaway sounds like outback steakhouse carabas no it's Dick's Sporting as you order it you check in when you're there they bring it right out to your car in your window you don't do anything common upgraded the sports goods retailer stock to outperform from market perform noting increased market share as well as strong growth in e-commerce DKS I think there you go so you're gonna open a bit higher today at around 42 you were at 41 44 not quite back up to pre-covid levels but you were in low teens 13 46 in the low of the market around March just remarkable now back above 40 at 42 for Dick's Sporting Goods Morgan Stanley upgraded to a buy from neutral cited several factors including attractive valuation and lower credit risk for Morgan Stanley compared to its peers Morgan Stanley gonna open basically flat 47 60 this morning was down to 27 currently right there T-Mobile said its sale of shares in the public offering priced at 103 the share offering was part of soft bank group sale of shares in the wireless carrier T-Mobile had closed Tuesday at 106 so soft bank a loading shares just under market at 103 to see how that hits T-Mobile shares TM US is their symbol we're gonna open at about 108 not bad to be a T-Mobile shareholder Simon property so the mall operators teaming up with shopping center operator Brookfield property partners to explore bid for bankrupt retailer JC penny according to the journal penny assignment second largest mall anchor tenant behind Macy so looks like Simon well aware that if they start losing these anchors in terms of JC penny Macy's that might be the end of their business as they know it so what are they gonna do they're saying you know what we're gonna conglomerate everything we're gonna put it under one roof and we're gonna own JC penny since it's going out of business we'll see how that plays out folks I mean the mall business they they may be around they're gonna have to shift what they do though in terms of being an activity center almost right movies restaurants the likes of needing to do all your shopping there it's a different environment it's gonna be a much different environment after COVID so you got Ben and Jerry's piling on Facebook Ben and Jerry's became the latest company to join an ad boycott of Facebook and Instagram calling on Facebook to stop the platform from quote-unquote from being used to spread and amplify racism and hate Facebook continually in the crosshairs from almost both sides of the political aisle but guess what folks they keep printing money look at that look at that chart from 137 we're sitting this morning at about 240 so you're gonna open a bit lower with the market but in a remarkable acceleration I mean you're probably approaching almost a hundred percent pop from those march lows of 137 alphabet Google their unit of the target of criticism by newspaper publisher the post the paper said the publishers have told the justice department that Google's market power forces them into an unfair agreements while somebody complaining about Google surprise surprise all right and as we finish up this first segment let's jump around to some of these tech stocks folks because it has been quite a run you got Microsoft gonna open about 201 all-time highs yesterday 203 95 we dipped down to a low folks of 132 on Microsoft and how about it Apple coming out with their worldwide developer conference ios 14 Apple charges to an all-time high of 372 yesterday we're gonna open this morning and it looks like about 365 40 by 365 50 stay tuned folks we'll come back see what else we have on tap for Wednesday trading we'll go with some of those trade concerns with Europe we'll take a look at oil as well with inventories coming up in less than two hours stay tuned folks we'll be right back many of our new listeners have heard about the tiger's den the tiger's den is a lively community where professional traders and investors can meet exchange ideas and information in a comfortable moderated atmosphere hear all of the tfnn shows plus see all of the charts as they happen live and have access to archives of all those charts you can test drive the tiger's den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you details on the tiger's den or on the front page of tfnn.com tfnn has launched our brand new website you can still visit us at the same tfnn.com url but when you do you'll see a new and improved homepage with a much simpler navigation whether you're watching tiger tv live in high definition or just accessing your newsletter subscriptions we even have new 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device 24 hours per day go to tfnn.com and hit watch tiger tv that's tfnn.com then hit watch tiger tv for the latest market information folks we get the s&p is negative by 21 the dow off 234 and i'm going to start with silver they're talking about silver in the den folks and check out that acceleration my goodness if you weren't paying attention silver was just trained at $18 as of 8 a.m. and my goodness what happened there fell out of bed we're trading at 1764 just dip below 1750 we were size 1825 talk about a volatile market and silver you jump over to gold a little bit of a pullback as well nothing like the silver market though from 1796 trading at 1783 not sure what's going on in that silver market but they're selling it that's what's going on for sure okay jumping around to covert numbers because that's playing into the market folks so you got to talk about what is happening here it's going to affect earnings revenue etc us going by the times data yesterday 35 000 cases for the first time since going back to April 24 today's June 24 highest total on a national basis in two months folks that is a rising curve and things you know it's it's it's something if it's a rolling stagnant deal that hospitals will be okay if this continues to rise like that there are going to be consequences in terms of earnings and revenue let alone the consequences to human life i'm bringing it back to the market okay there are going to be consequences if this thing spikes to 50 thousand 100 thousand cases a day i mean in florida you could call it a faint hope that that curve is starting to potentially flatten out you're still dealing with three four five thousand cases a day we'll see where that plays out you had fought dr fawcys testifying poor congress yesterday one of the things they talked about is hey we're seeing these cases spiking we're not seeing the debt till spiking um what do you make of that and and his first reply was it's too early in my opinion to be making estimates of that because deaths always lag cases by a dramatic amount hopefully that's not the case but this is what we're going to find out in the next two to four weeks and the market's going to find out and it's a shaky market we've talked about it many times add on to that okay now we're going to jump so you add on to that let me get the let me get the page i want to get up here you add on to that nope not that one we had a lot going on this morning there we go the us is considering 3.1 billion dollars in new tariffs on products from france germany spain and the uk that a big story going into why the s and p is around 20 plus points this morning the goods in consideration include olives coffee chocolate beer gin some trucks and machinery the potential enforcement the new of the new tariffs was open to public comment on tuesday and is set to last until 26 so the us is studying the possibility slapping 3.1 billion whoops scrolled a little fast there there we go 3.1 billion in additional tariffs on goods from the uk france germany and spain it's another step that's likely to exacerbate i would agree tensions right so this document was issued last night first reported by bloomberg and it's from the trade representative it's considering quote unquote an additional list of products now when they get into it there was more in there from how it's jumping right to a few different articles but the move is part of a wider reaction from the us in relation to long-standing dispute with the european union over their subsidies to large civil aircraft manufacturers there's a lot going on folks nonetheless trade concerns always going to hit the market that going on this morning other headlines out there weekly home buyer mortgage demand ticks down but is still a remarkable 18 percent higher than a year ago one of the most remarkable stories throughout all markets during covid has been the strength in the real estate market you could call it a transition in a cycle i mean families people working from home spending more time at home not needing to be so tied to maybe your physical office you see a lot of tech firms whether it's in seattle right all that stuff all of a sudden overnight hey guess what you can work remotely 365 days a year you don't have to buy an 1800 square foot two bedroom two bath home for 1.2 million dollars in san francisco you can go buy a home on the shores of sunny florida and work remotely in a much more affordable higher quality of living establishment nonetheless all that playing into it total mortgage application volume fell 8.7 percent last week from the previous week according to the mortgage bankers association home buyer demand for mortgages fell 3 percent for the week but 18 percent higher than a year ago applications to refinance a home fell 12 percent for the week but we're 76 percent higher than the same week in 2019 rates are low folks and i wonder how that's going to play out in terms of refinances but nonetheless you're talking about strong strong mortgage application volume for what we're going through in other markets out there another interesting story that popped up venezuela so the rival leaders have been going on for a while you got maduro up there the strong man and then you have uh guado who the us supports the uk supports as the rightful leader of the venezuelan country and their people so they're going at it in terms of who gets access to the billion dollars in gold reserves stored in the vaults of bank of england now you know part of the allegations out there is that president maduro is basically selling off all the assets that the country has to maintain power selling off everything that the people has nonetheless that's going to play out in the bank of england the hearing began and landed on monday expected to last four days represents an extraordinary case for the crisis trick in south american country venezuela central bank controlled by maduro is seeking to order to force the bank of england to hand over the lion share of the country's gold reserves the reason why i really don't see that happening just reading a few things going on out here is that the uk itself right now recognizes guado so how are they going to hand it over to maduro but it's it's it's an interesting case to see how it happens when one country is holding gold and you have basically a struggle for power going on another country and that's played out in england to the tune of billions at stake okay uh yeah i mean this is this is a story here for sure right you saw that president trump talking about the h1b visas uh doing away with those trying to push american workers and what what you know there's repercussions folks in the uk swooping right in trying to lure the tech talent that trump blocked from the us see how that plays out there's a lot of great minds that come from abroad folks and they can contribute to societies and we're cutting that off and other countries are going to pick that up that could have some long term effects as this plays out we'll see how it hits apple so apple and china apple iphone sales in china drop in may after recent rebound but apple shows signs of resilience is the quote iphone sales and shipments fell in may versus april according to third party party data apple was affected by the shutdown in china of course during the heighten of the coronavirus pandemic apple sold 3.6 million iphone in china in may down from 3.9 million in april 7.7 fall versus april but higher than the 3.05 that they sold in may of 2019 it contrasts with 160 month on month rise in april where apple benefited from pent up demand so they had a lot of pent up demand right it shoots up to 3.9 million in april comes back down to 3.6 uh nonetheless folks apple they're going to be just fine and they got the 5g cycle coming up probably part of the reason that this is accelerated so much but apple opening basically flat today after reaching all-time highs yesterday of 37238 jumping over to amazon shares talk about some strength folks 2783 all-time high for amazon yesterday looks like you're going to open right now at 2778 for amazon checking in on some of the tech stocks as we round out this final segment 20138 right now from microsoft after 20395 yesterday let's check in on mr elon musk what's he going to do we closed it a thousand yesterday we're going to open at 988 today for tesla we'll see i think he'll be all right on that one stay tuned folks s and p's minus 18 market negative territory but off the lows of the session we'll come back finish up what we have on tap for wednesday trading we'll take a look at gold as well we'll check in on that silver that's rocking to now down 50 cents for silver stay tuned folks will be right back back in the day i joined the hotel california in 2006 and like many of you was drawn in by as well as whatever you think about you bring about whatever you focus on growth you see i believe that everything in life happens for us not to us and tom ignited the fire within me to want to learn how to master the markets so how did i go from knowing nothing about technical analysis to becoming the number one market timer for the s and p 500 in 2018 and the number two market timer in 2019 simply put i hired coaches with a proven track record which led me to a whole new set of tools that i created to interpret the message of buyers and sellers i would love the opportunity to teach you this award-winning set of tools and help you improve your market timing you can test drive my newsletter service mastering probabilities for the next 30 days with no risk to you plus you'll gain access to archive workshops that will take you step by step through my system sign up today i'm going to the homepage of tfnn.com and selecting mastery probability in the newsletter tab if you haven't checked out the newsletters page of tfnn.com what are you waiting for all of the tfnn newsletters are informative up to date affordable and must 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stop peloton all-time highs yesterday 5660 we're going to open it looks like in record territory yet again with a bid ask right around 57 this morning for peloton from 1770 talk about a perfect storm of acceleration this company ip oing there was a lot of speculation they might be in trouble competing with a very expensive product that just a very expensive product and that's it's an exercise boat bike folks for thousands of dollars and then you got to sign up for their service to watch their classes but man that is a perfect storm from 17 to 57 on peloton and we're ticking up even as we speak now 5715 on the open there yesterday election day in a lot of states so we got a lot going on terms of who will face uh senate leader mitch mcconnell that to be undecided you're going to have a lot of vote in mail-in votes and this is going to change the way that things play out on election night and we all got to start being prepared that it used to be that you voted the polls and things were counted when you're dealing with a lot of vote-in ballots that can be done can be done securely no matter what you're hearing out there it can it is done securely in many states already in terms of voting by mail but it's a different process in terms of counting them and so we're seeing in a lot of these races photo finishes things are close but guess what the exact number of votes left to count is in clear they're talking about mail-ins that's going to play out and we might be dealing with something like this where there's a few things left up in the air but big night last night in the primaries in terms of what's going to be happening in the general in november all right and we'll finish it up with a little bit more covid because the numbers are stark folks you get into whether it's florida uh houston texas so texas had more than 5 000 cases in the past 24 hours this article was talking about when uh their governor greg abbott came on their tv tuesday yesterday the state health department had 5489 new cases and where this really gets dicey folks is they were talking about hospitalizations surging more than 10 right that's the big deal cases aren't the big deal it's going to be hospitalizations and all that stuff their intensive care capacity exhausted in 11 days surge beds full in 38 days you're going to see this play out in the next two to four weeks and guess what folks you might see a play out with the s&p's at 3100 watch out stay tuned folks larry pesavento coming up next with trade what you see live programming all day at tfnn we'll be right back


Most people don't feel like it. At 5 a.m. when my alarm goes off, I don't feel like it either. But you know what? I get up. Because I'm a man. Because I'm a leader. Because I set the freaking example. Because I'm gonna win. And I see some of you guys, you lost that chip on your shoulder. You know what?  And you should have it. Who else is pissed off for you? Some of you have that I've arrived look on your face. I didn't feel like it.  Guys, is it time for you to call the shots in your own life? Yes or no? If you're gonna win, you're gonna have to do s***. You don't want to do. Am I right? That's everybody's problem. Everybody's freaking crowd pleasers.  Dude, you guys can all be great. But you don't feel like it. I want to tell you what cowards do. They pull themselves out of the fire too early. Gold and silver is refined in fire and it burns the blemishes off it to make it perfect. But if you pull the gold and silver out of the fire too early, it ruins it. And some of you, the reason why we can't help you grow and get to new levels is because you keep going to alcohol, to drinking, to drugs, to f***ing toxic people.  Come on, who told you? Can you think of their name right now? Yes or no?  Okay, I remember when I started my business with my wife. I remember us telling some people that we thought loved us and cared about us, what we were gonna do. And you know what they f***ing did?   And you know what they said? Hey man, I'm just joking, dude. I don't like that f***ing joke. That isn't very funny to me. I don't like that s*** because I don't like where I'm at. And that's a joke to you. And if a joke is funny, it's funny between two people. And I don't find it f***ing funny. So I write their f***ing name down. I wrote down what they said in quotes. And that motherf***er, I think about them. And when I feel like quitting and I don't feel like waking up and I got a problem, I just reach into this little baggie and I pull out with that motherf***er says and now I'm back away. You guys get it? Would you guys stay in a relationship with somebody that constantly lied to you? That's why you guys don't listen to yourself anymore. That's why you guys don't respect yourself anymore. You do what you do because of what you think about yourself. When you break promises, you guys say, I'm gonna get up five o'clock and go to the gym.  You're gonna start talking differently. You're gonna start acting differently. You're gonna go through a season of saying f***ing no to bullsh** distractions and sh** that makes you unfocused. If it isn't good for you and it doesn't make you the most elite and the greatest, the alpha leader, and it doesn't take you to your new life, the answer is f*** off. Stop saying you want to be successful when you don't.  What do we need to do? Somebody tell me what we need to do. What do we need to do to change you? We need to get your f***ing bankrupt and have you lose everything. We need to make you homeless. What do we need to do? How much pain do you need to f***ing change? How can I be just like you? Dude, how can I get those results? Dude, how do you have so much energy? I say, dude, how could you not have this much energy? There's people today in the hospital that are breathing their last breath and I'm healthy. I'm not disrespecting God anymore. Okay. I got one life. Everybody make it count. Do you need to be reminded again? Write this down. Don't wait for something bad to happen before you give your best and change.  The low people, you know what they do? They complain.  They cry. They whine. They're always f***ing wrapped up in bullsh**t. They're always f***ing broke. The top people just keep f***ing climbing. It's a separator. You want to conquer and divide? You guys need to decide today what you're going to do.


Hi there, it's Sandy Alnok and today I have a treat for you. I have two Count em 2 videos on stamped watercolor from Art Impressions. I nearly combined the shops and the cabins from this new release into one video and it got too long so I'm splitting it in two and this one is the two cabins and as you can see Art Impressions no longer takes these out of the gray matting on the outside so they just pop those out they come out really easily and they do come with a plastic sheet so you can keep them attached to it. I'm going to be using my set of Tombow markers which are exclusively available at Ellen Hudson if you'd like to use the colors that I use and I'm taking my MISTI and removing the black pads so that I can use these stamps in it and get at least the building correct. So I'm gonna line it up and make sure I straighten the building out using the grid and then pop some marker on there just scribbling that on a couple different colors is totally fine. I experiment with which different color combinations are going to make a really nice looking building and once you're done you can see the image is partially there not all these images are fully there because you're supposed to put flowers into them. So I've pulled out my big container full of small flowers I've combined these from all of my sets of Art Impression stamps I like to keep all the small ones together so if I'm looking for something specific of a size I can find it and here I've put them all on some little blocks. Some of these are Art Impressions blocks and some of these are ones that I got a long long time ago many years ago back in the day when they used to sell dollar stamps do you guys remember those and I saved those and I'm glad I did because they work great for these little flowers but Art Impressions also has a little set of five blocks that are on the small side and those work really great for Art Impression's watercolor. So you can see here I've got a couple of stamps or couple of stamps couple of colors on the stamp so that as I add the water different colors appear which is so cool this makes it actually look kind of vintage as well because you've got all these cool colors that mix together nicely I'm putting water in all the areas except where the flowers are going to go because those are little window boxes and I've just painted them so that the flowers can then just sit on top and I wanted to put clappards on their clapboards and if I'm saying it right clappards is the way that I remember my grandma saying it and basically it's white boards on the cabin and all I'm doing is putting rivulets of water vertically so that I get those boards you could also do them horizontally and it touches the ink on either side so you can end up with a little color traveling down it's very pale very light and isn't going to be a really strong element but gives a little bit of detail which is kind of cool so get those all spread out around there on the second cabin I'm gonna show you some other tricks so stay tuned for the second stamp and the flowers by the way there are none in this stamp set they only give you the buildings in this I've gotten all of my flowers from a bunch of different stamp sets there's two of them that I'm going to link in the supply list down below and over on the blog that are my favorite two all flower sets and there's one that's flowers one that's grasses and I always recommend you just get those to start with if you're new to art impressions watercolor because you're gonna need some flowers in general there's a few sets that come with a couple flowers but I like these particular sets because they have nice small ones you know little tight ones that you can use in circumstances like this so I've put some more of the same colors that I used on the stamp the ones that I made the building with in order to create a roof color and I'm just gonna put in some blue some brown and some black and just let them mix on the roof you can play around with it dab a little this dab a little that but it's going to make the character of the color of the roof match the rest of the building if I use the same three colors look how nice that looks very cool you can also do the building dark and the roof the light color lots of different ways you can approach this and every time you color the same stamp set it's going to look different and that is one of the most fun parts about art impressions watercolor if you're intrigued by this and you're interested in learning a lot more I do have a stamped watercolor jumpstart class which is just kind of from the get go from the beginning lots of different fun techniques and ideas on how to use art impressions watercolor there are some stamps recommended in there but you can use all different kinds of art impressions watercolor to achieve great results in the class you just need some flowers and then the rest of the supply list are in the it's all in the classroom for you so I'm stamping some flowers into the window boxes and you can stamp some greens in there and I've got a little bit of stamped greens but not very much there's not much room there so I've only put a little bit of color on the edge of this stamp that I'm using for the grasses and for the greens so that I only get a little line of green across there that I'll have to use my water to spread it around you can stamp them in or you can draw them in or you can paint them in whatever way works for you totally fine add some water onto the flowers and onto the greens so that I start making little little mini gardens in each one of the flower boxes and spreading that color around and on each one of these I'm going to be using a little different scenery for them to give you some ideas on how you can create your own scenes and in the stamped watercolor class and the there's an intermediate as well as the beginner one I show lots of techniques for creating trees and creating backgrounds and that kind of thing really fun class the people who've taken it seem to be having a blast with the class so spreading out the greens for the grass down there at the bottom and to make some trees I'm just using some sticky notes to mask out some areas so that I can stamp the green above there and you don't you can use flowers up there you can use any kind of stamp to make just clouds of trees basically by stamping those into the open area and then spreading it out with your watercolor so here I've got one that's sort of a vine looking stamp but it's going to work as a tree because when I start spreading the color out with the water it's going to you'll see turn into a very nice clump of trees looks a little funky for the moment but just add water it sounds like one of those those ads remember those sea monsters they were like a little package of things that you would put into water and it would turn into little creatures and it said just add water onto it I always thought that was such magic and then I realized you could do that with stamping and art things just add water and magic happens and that's what happens here so I've got the start of some trees and you could leave them very soft and loose like this I have one kind of green on one side and a different green on the other but while it's wet I'm stamping a little bit of extra of the little vine stamp onto the the wet areas as well as off of them so that the stamp goes out past them and I get these really interesting edges where I have some that are dry because they're stamped onto the dry area and some that are stamped into the wet and it just gives the trees a lot more dimension overall so I added a stamped sentiment onto it and some layers of cardstock and my little my little cabin is already next up is the other cabin and for this one I thought it would be helpful potentially to show you the side view so you can see how much water that I'm using as I fill in each one of these areas depending on the markers you're using you may want to use more or less water and what I recommend is testing out your markers and seeing how they work because if your markers are really juicy they're going to act differently than if they're kind of dry different brands will also act different ways I use these Tombows because I like the effects I get the most but if you have zigs or you have clean color markers or the twin tip or all different kinds you can use others just practice with them stamp something a whole bunch of times and try it with different amounts of water and see which one you like the best and that will give you an idea of how to proceed with your your stamping and your watercoloring this one I decided to do what they did on the packaging and I love that our impressions always gives you a color image on the front of the package they painted the roof this beautiful bright green I have never made a green roof I always make these very natural looking brown and red and black roofs and the green was just so much fun that I thought yeah I'm going to try that and so I did started out with a light green added a little more dark green at the top just to add a little bit of dimension to it so it has some different color in it not just one solid color and then started again stamping the flowers into the window boxes and depending on how you you want to do it you can add some water into the area where the flowers are going to go or you can stamp them like I'm doing on dry paper and then add them in you can also paint in your greens or you can draw them in with a marker you can just draw little lines in there and then add water to it lots and lots of different ways that you can use these stamps to create a lot of different looks and until you try all the different ways you won't know which one you like the best so it's kind of helpful to just play around with them and that's why I say stamp the image a whole bunch of times and see how it comes out so now I've got some of the red and the purplish color and I'm going to add even more flowers into here I wanted more intense color on my flowers than I got from the stamping sometimes the stamping just gives you a little weak color depending on how well it's stamped etc and you can just paint more in which is kind of nice adding a little bit of green to the bottom this is actually the same stamp that I used for the trees in the last one so just add some water to it and it will look like either trees or grasses depending on whether you're putting it high up in the air or down low at the bottom and I have painted a bunch of water onto the sky in a relatively uneven fashion and painting a little bit more on there as you can see and then dropping some of the blue color into it and that's going to give me a soft sky if you just paint the blue in there you're going to get hard edges but if you want the soft edges then paint a bunch of water and drop the color into that and you're more likely to get a soft look for the edges of your clouds and a little more romantic soft look to finish this one up I add a little bit of color into the door and doing my normal overachieving or I wanted to add in a little more shadow colors in some areas where by the time you add in other colors things start to look a little weaker they may have looked really strong when you first started out but when contrast happens everything else starts to look lighter so you may find it'll be helpful to go back in and add a little bit more color here and there to give yourself a little bit more contrast so there is my sweet little cabin I hope you enjoyed this make sure you check out the other video today too and all the supplies are linked in the doobly-doo as well as class information if you're interested in taking stamped watercolor classes and I will see you again very soon with more videos take care thanks for watching and thanks for giving me a thumbs up see you later bye


My job to support Navy warfighting as an aircrew and an aircraft commander is the executive officer commander combat systems officer commandant officer as a warfighter today's Navy it's my responsibility to train is to train is to better prepare us training me and my crew to ensure that we're ready to go out and bring the fight to the enemy on deployment at all times my most critical contribution to Navy warfighting we provide critical support to the fleet we handle a lot of the Navy's cargo my personnel development and training of my officers and crew we're fully prepared to support their training needs and allowing them to deploy full mission capable and ready we're fighting first to me means it is my job to make sure where they are combat ready to go out and deploy we're going to be able to go abroad and project power to employ one of the most potent warships in the history of the world he at the ready for project power from the sea at a moment's notice no individual in the Navy is anything without the Navy team listed members the families our reservists civilians every member is absolutely critical to our success their sacrifice allows our sailors to deploy for long periods whenever we need to be there


Testing, testing, 12-3. Testing, testing, 1-2-3. Mam café! Mamoudie! Mamoudie! His name is MamooDee! Mamoudee! Mamoudie! Mamoudie mamoudies! Mamoudie, mamoudies, mamoudies, mamoudies, mamoudie, mamoudies mamoudies, beats, Mamoudie mamoudies, mamoudies, mamoudies mamoudies, deuze, Mamoudie что. partido two Truva, I'm Kate Milton. You can follow on Instagram 24, There you are! There she is! She's been here the whole time. more juicy content. Thank you to every sports and patron for those two to count and screw up. Like button. I'm still Kate Middleton. Nothing to see here. A lot of people think she's dead. Could you imagine? Have you watched The Crown? Yeah. So the more things change, the more they stay the same. Yeah. Today we got a film that we've been looking forward to since we saw the teaser in the trailer. That's right. And never got to see it. Tomb three didn't come here. Mammoudi's into Tomb three, isn't he? Yes, he is. Amazing. I believe that's actually Mammoudi's con. That's into Tomb three. No, no, no. That's how good Mammoudi is. Everyone thought it was Mammoudi's con. That's true. But it was actually Mammoudi. This is a film that we've wanted to watch since it came out. It finally came on to OTTs. Brahmayugam. Yeah. Brahmayugam. How'd you pronounce that? Just like you did. Oh really? Yeah. Brahmayugam. Brahmayugam? I don't know. Directed and written by Rahul Sarasivan, who also did Butokalam, which is like the spooky house one. Spooky house one we liked. Which was really good. Now we got Mammouds in kind of a horror thriller kind of thing. We liked the trailer. Ben Bombarded, I'm sure you have, with messages about the film and people loving it. So the expectations are pretty high. It's Mammouds. Yeah, it's Mammouds. But our expectations are very, very high. Very high. But since we weren't able to see in theaters right away, we decided why not to do a watch along with you guys. Indeed. If you are watching this on YouTube though, you're gonna see a very cut up version because copyright reasons, obviously, if you'd like to see the full film, go watch the full film. If you'd like to see the full and cut version of this reaction though, you can have it on Patreon. Patreon or Patreon, the uncut versions there. You can see the full uncut version over there. And I want pants that look like that pattern right there. Yeah, yep. Let's just get into Mammouds, huh? I'm ready to be. I hear crickets. Scared. I wish we didn't have to have these lights on. I know, I know me too. I was just thinking that. We do, because you wouldn't be able to see us. So it sounds like we're in here. You didn't keep the fire lit. He just said good grief. Can't follow directions. I think your Fred has died. Hooky jungle. This is the kind of already that, if Indran and I were watching this, we'd have the lights out. We'd look at each other. Oh yeah. We'd look at each other and say, I'm in. Street. Run. Her feet are backwards. I don't say Topeka. Also looks androgynous. This is very Mel Gibson-y and that's a high compliment. We said it once, we said it a thousand times.  Just give it. Just give it. Yeah. But he is, he's following. Good job. Well done, sir. Always go up to your lady like that. She would say it was worth it. Absolutely. There are good ways to go and bad ways to go. That's a good way to go. So I'm going to go ahead and review the film. Great film. Great sound design. That's better. Yeah, that is better. Sorry for the nudity. Really beautiful frame. It's the metrical dance a lot of times. When you are bored, you are living with life. Don't worry, don't be afraid. Then the reason behind the flowers is the one who is the flower. Right? That's right. Let's see it straight away. No one is like Brahmin, no one is like Karma. No one is like Jyothi. That's enough. That's a beautiful line. He's going to do the whole film Corbin. Ok, I am the sister. Oh, he's gross. Sanjosham. You can stay here as long as you want.  I don't want to go. If you say something to your family, no one will agree to it. Tell me. I don't want to go. I don't want to go. If I don't know that, if you like that dog, it will accept you. It will be a pet dog or a dog. You can come to me. Nice. I've said it five times on the sound design. It's very good. Before six months, we broke the first one. Tell you my theory. Sure. I think he's dead.  It might be totally wrong. That's just going through a heaven to begin with. I know the mouth sounds are that I can't handle. It's been going on for 30 seconds. That was a different kind of mouth sound though. My theory is it's a... I think he's alive. I think this is some kind of a palace quote on the boat. Some kind of a portal per se. Kind of a doorway to the invisible realm. He definitely didn't like me mentioning God. No, he's very Luciferian. He doesn't like that mention. He likes to have songs sung to him that are meant to be sung in the palace to the Lord. There was a framing thing with the picture in the back. I don't know if it was the demon or if it was like the green-faced thing in Molly Ali that they danced to. Yeah, and the spider, you know... Yeah. What a tangled web we weave. So it was the seaver, which is another word for Lucifer.  Well, with the... I don't know. I don't know. I don't know. Well, with the quality of the sound design, you might get sphincter opening and closing. Graves. I'm still not divorced from the idea that this is a vampire story. Vampire, huh? Yeah. Oh, wow. Okay. I'm leaning more toward the devil. Such a beautiful, so-far marriage of score and sound design. Invisual. Yeah, it's all just lovely. Bro, that's probably not a good idea. Bro, you were told not to go snooping around. You're in a horror movie. Never snoop. He's been feeding whatever's up there. Off from the goonies. Very nice. Those are some heavy footfalls, man. That's the only thing. You have to be smart. No. It's not a story. Before the start of the game, you have to make a plan to get rid of the evil. Plan or plan. Where is the evil? I don't have anything to do with it. So? I do. I don't have anything to do with it. I don't have anything to do with it. You do, don't you? It's your time. Your time? In the middle of the game, I got the idea of killing the ghosts and demons. I was saved from the evil that saved me. I went back to the forest with my family. I came here to get rid of the evil. Did you understand that? If you keep your time with us here, if you win this game, you will go from here.  You will be mine forever. Oh no. I have to go. It's not how it works, buddy. You fell for it. You are now in Mamlu's world. Nice cock. That's what she said. He tricked you into playing. He's a deceiver. What do I feel like he's getting all the ingredients ready for the dish they're about to make from that guy's flesh? It's a rock. Don't say that about Thambaran. What if he doesn't go? He's a great Brahmin, isn't he? There's no one like us here. There's no one like Thambaran.  But Thambaran is my ancestors. Don't forget that. Sound design is brilliant and disgusting. I feel bad for my mother's son-in-law. Don't you have anything to say about that? No. Don't say anything. I'm waiting for you. No, I didn't. What's the problem with you and Wip? Nothing. What did he say about you? Nothing. He didn't say anything about you. My spidery sound. When I saw your face, I came to know that you were a young man standing in front of me. It was a pity. But this spidery was a mistake. Poor thing. He was wrong in his mind. He started to think like a madman. When he was about to die, I thought of it. Now, I'm alone in the mud. I'm sleeping peacefully.     Oh, God.   How did you know about my mother? Let's get back into this, huh? Okay.


The National Catalan's beef association was not happy about the findings of the EPIC study. One of the largest studies on human nutrition ever performed, which is to be seen, recently found that those who eat any kind of meat go on to gain significantly more weight than those who eat less, even eating the same number of calories. One of the beef association's speakers wrote to the American Journal of Clinical Nutrition, complaining that meat intakes influence on body fatness cannot be assessed without measurement of body fat. Maybe the catalan argued the pounds that the meat eaters packed on was muscle mass, not fat, maybe they were becoming beefier, not fatter. Fine, the researcher answered, we'll not just measure obesity, but abdominal obesity, the worst kind. So they took a small sample out of the study, a sample of, oh, 91,000 people, and found the exact same thing, even eating the same number of calories. The more meat we eat, the more our belly grows. And they even calculated how much our waistline could be predicted to expand based on our daily meat consumption, so one can kind of plan ahead for the new pants one might need to buy. Though nothing comes close to the EPIC study and scale, other recent studies have found the same thing. In Spain, nut and vegetable consumption was recently associated with having a slimmer waist and meat and meat product consumption with a wider one. Another new study, this went out of Belgium. It concluded that animal protein intake was associated with bigger body mass index and waistline, whereas plant protein intake was associated with a smaller BMI and slimmer waist, indicating that the intakes of plant protein could offer a potential protective effect against overweight and obesity.