So we are honoured to have him here and hope to learn a lot from him today. As a Guru would say, blissful. Thank you for having me here. Because I never went to a university, so you're getting me an entry. Namaskaram, Namaskaram everyone. Namaste, please. Good evening, Sakuram. My name is Ayush Bhai, I am a second year M.D. student here at Iron Bangalore. First question that I have for you guys. So, all of us here at Iron Bangalore, we have been good at academics, that's how we made it to this campus. And quite funnily enough, we are often reminded as well, we are told and reminded that we are champs. Some of us were steep, champs, champs. Oh, champs, yeah. And some of us were steep, like steep… See, these are things you must say properly because chimps you say. I am thinking what happened, some evolutionary back step happened, you are a champion, all right. You spoke a little bit about the percentage of chimps in KMA between human chimps. Okay, so some of us were steep or first, somebody else was a national player. But the moment we land on campus, right, the system is designed in a way that only one would be a proper, the rest of us, we won't get that badge or get to stand on that podium. A lot of us support our first academic setback on this campus. My question to you is, because the system is designed in such a way, how do we deal with that stress? Is this a common issue? Say, unfortunately, you didn't start this in this institution. From the day you went to your kindergarten school, people were always asking, are you first, second or third?  She asked you, are you first or not?  If others are doing worse than you, if that's the only pleasure you have in your life, it's a very bad way to live. Well, we managed to do a few things with little force because we're in a competitive mode. Competition means your whole thing is about doing little better than somebody else. It's a very poor way to live because each individual, each human being have their own unexplored genius within themselves. The tragedy of humanity right now is over ninety percent of the human beings will pass through their entire life, they'll go to their grave without ever touching the innate qualities of what they're competent of, what they're capable of, what they could be. Because everybody's put through the same system, it's an extruder. When you come out, all of you should look the same. See, if you put something through an extruder machine, you're not a technical guy, you're a literature man. So if you put something through an extruder, all the products should look same. One should shine little better than the other, that's a different matter. But see, when you went to school, they called it a nursery, right? Early on. Like at least you have seen plant nurseries. That means life needs nurture, not extrusion, because every life is unique and it's a possibility. Does somebody have the patience and the commitment to explore that possibility? Unfortunately, we don't. Neither the parents nor the teachers nor most adults in the world have the necessary commitment to nurture an individual person to their highest possibility. Everybody's in a hurry. So we best put them through some system and come out in some way, you're useful in some job. So first of all, we must decide, where do we want to go? What is it that we want to do with our life? See, you're still young, probably this thought never came to you. But let me remind you, we were just talking about this when we were in that room. All of us are dying kind of life, are we? Hello? You're all dying kind or no?  So what this means is, we have a limited amount of time. We can't control time. It's rolling for all of us at the same pace. Yes or no? Are we in talking terms or no? Is time rolling for all of us at the same pace? Yes. It's going away. As we sit here, we may think, oh my clock is going like this. No. What's happening is my life is ticking away. It is for every one of us. Maybe you have little more time than me, but it's ticking away for all of us. So this limited amount of time, in some way every human being, whatever their idea of life, they want to max it in some way. Some people want to eat maximum amount of food they can eat. Some people want to have maximum pleasure they can have. Some people want to earn maximum they can earn. Some people want to know maximum things that they can know, whatever. But we want to max it one way or the other. So to max it, somebody told you if you have education, you can do it. So you're here in a way, isn't it? If you get this kind of education, you can find maximum expression in the world. It's fine. I have nothing against it. But you should not forget why you're educating yourself.  This happened once Shankaran Pillai was in United States and he was there and things happening. And then his son, who was also in another part of United States, fell in love with an American girl, a white girl, and he married her. Shankaran Pillai said, this is it, finished. We are Indians. We must get an Indian girl. You married a white girl, I'm done with you. We're never going to see you again. So right there in the same country, but he never let him come to their home. Not did he go. But after three years, he heard that they have a baby. Then his wife is having face time with a little baby and she is in ecstasy, the grandchild. So he put a rule, you cannot go and see their faces. That white baby I don't want to see. But one day a child is growing up. One day he just peeped and saw what he was like.  But the child is growing up, child became five years of age.  They're in Minnesota. I'm going right there. So he tried to stop her, but he also wants to go. Then both of them traveled.  Then he saw the son, everything changed. Maybe that evil white woman, it doesn't matter, but this is my DNA, you know. It's how it works in India, please know. So he fell in love with the grandson only, son and daughter-in-law. Grandson, total.  Then this little boy said, grandpa, you want to see me? I can shoot a narrow. Really, wow. Come, I'll show you. So you took him into the barn. There he saw targets drawn in different places. Everywhere, the arrow is straight in the bullseye. Shankaran Pillai looked at this. What you did this? He said, yes, grandpa. From 50 meters right in the dead bullseye or right bullseye. Then immediately he started thinking, this is our DNA. We produced Arjuna's Ekalavyas. You know the whole legacy, what we have. Here it is finding expression in Minnesota. Then he looked at him with tears in his eyes. How do you do this? Grandpa, I first shoot and then write the torget around it.  So what is it that we want to do as a life?  How is the question, isn't it?  What is a full-blown life?  We know what is a full-fledged tiger. We know what is a full-fledged grasshopper. But we don't know what is a full-fledged human being. Hello? We don't know what is a full-fledged human being. We do so many things and still you don't know whether you're really full-fledged or not. Because it looks like there's something more and something more and something more. Even if you're on your death bed, still it looks like there is something more. Something else could have been done. But this struggle no other creature has. If you're born as a tiger, if you just eat good food, you'll become a good tiger. You're born as a human being. If you just eat well, you're not going to become a good human being.   Hello? Hello? Just about when you're thinking you're doing well, like you young children grew up, they became teenagers and they told the parents, you are no good. They've not told you yet, all the adults have asked, they've told you. So what is a full-fledged human being? Once you come as human, you must explore that, isn't it? You can't shoot somewhere, wherever it sticks, write a target and say, I did it. This is okay for a child. You crossed that sometimes. Namaskar, I'm Imbal Ghoshy, second-year MBA student. So, Sathya, my question is about, I, along with a lot of my graduates, have at some point thought about starting our own managers, our own entrepreneurial journey. But when the stable jobs that we get with an MBA, the fat pay checks, the entrepreneurial journey always comes with more risks, more funds, utilities. So my question is, how do we know that we are mentally ready to take that switch to an unconventional job role? See, it's not that you want to become an entrepreneur or you want to find a job, that's not how you should look at it. Do you want to make a living or do you want to make a life out of you? This is a question. If you want to make a living, just find something safe which will pay you enough. It's done, you get to eat, you have shelter, you have something to drive around, you have something to have fun, done. But there is something within you which troubles you, if you're conscious reasonably, unless weekends, if you're getting intoxicated, you won't know. Otherwise, something troubles you when you're not doing what you can do. If you do not do what you cannot do, no problem. If you do not do what you can do, it's a disastrous life. So that disaster will always bother you. You willing to live with that bother or you want to address that. Should we address it, why can't we just be happy with what we have? It's your choice. Happiness is not even the question because whether you're happy or unhappy has got nothing to do with what's around you. People are committing suicide in palaces, hello? Yes or no? Last year in 2021, 108,000 people committed suicide in in United States. I hate to say this but it's a fact because if if they open up the visas for that country, for everybody in India, I think 50% of the people, even if they have to swim and go, they will swim and go. You know, you've heard of all these donkey flights and stuff, they're landing up somewhere in Venezuela and walking all the way up to climb the wall and get inside. Because whatever they're thinking they must have through their life, they could have right away, that's the idea. But in that place, over a lack of people commit suicide for a year, most affluent nations are seeing the rise of suicides and mental illnesses. So somewhere your idea of a heaven is not working, all right? Because human experience is caused from within you. Joy or misery, both comes from within you. Now what comes from within you, if you try to extract it from outside, we're turning the world upside down for what? In search of human happiness and well-being.  No, no, no. It's good people in search of their well-being. We're turning it upside down. Now we see this planet is not enough, so we want to go to other planets and turn them upside down also. All this, if you want to turn it upside down, it's your choice. I'm not against that. But you're doing it in search of your well-being, which will never happen that way. I'm concerned about the inefficiency, not the morality of it. There was a potato farmer, there was a potato farmer. So one day he suddenly got a desire to eat mangoes. He went in search of a mango tree, he found a good mango tree, and then out of sheer habit, he started digging, wanting to find mangoes. He dug and he found nothing, he became furious. So he dug furiously. After some time the tree came down upon him. This is the human story on the planet.  The important thing is, is there something that you want to contribute? Is there something that you think you can fill the gap? Because the world has so many gaps, right? Hello? Human life and the ways human societies are structured, there are so many gaps. Suppose you saw a gap and you see that I can fill this, it's fine. But somebody is already filling it, you won't work for them. Don't make this a kind of a thing. Am I an entrepreneur or am I going to work for a company? Address this in terms of do you want to make a life out of this or are you interested in just making a living? That's a poor way to live. Hello, my name is Manisha. I'm a B2P student at Unbendiment. So the question we had was that once we entered a B school, we had a lot of opportunities here in terms of clubs, events as well as job rooms. So sometimes it becomes really difficult to make choices. For instance, when we see, like suppose if I had a job of the sort of concern before and I see my friends getting product management, to some extent we all experience the fear of missing out. So the question I had was that how do we make the right choices and likes that we don't end up in this material state of fear of missing out? FOMO. I learned this, I learned this word six years ago when I came here. See, no matter what you're doing, you are not all over the cosmos. Whatever you may be doing, so obviously you're always missing out something. You're not somewhere else in the cosmos, so you're missing out a supernova. How bad is that? So I'm saying this is a psychological state. So please never misunderstand your psychological drama to be a reality. What's happening in your head, your psychological drama. Yes or no? Is it happening anywhere else? No, you're making some drama happen. Maybe it's a mix of combination of thoughts, emotions, opinions, prejudices and multiple things. But essentially it's your drama. Your drama if you think is existentially true, then you will become a psychological case. You must understand it's your drama. Whatever is happening in your head right now is your drama. Right now I'll ask you a simple question. Sitting here with your eyes closed, can you think of a tiger? Can you or not? Yes. Can you think of a flower? Yes. Can you think of a ocean? Mountain? Anything you want, right? Anything you have seen and recorded, you can replay it in some way. But if you give up that choice and become compulsive, something is happening you think it's because of somebody or something. No, no, no. It's your drama. This drama, the moment you are not the director, that's called madness. Different people are at different levels of socially accepted madness. Some are accepted. If you're in accepted level of madness, you will be in this institution. If you cross that, there is another institution close by. So when I say accepted level of madness, suppose you're two fingers, you have two fingers? Yeah. Suppose they start poking your eyeballs, what would she do?  Why are you doing this? If it doesn't work, she'll call two more people and say, tie her up because otherwise she'll pluck her eyeballs. That also doesn't work. What do we do? We take you to your doctor. Maybe they said it to you. Doesn't work. Maybe we'll have to amputate you. This is the progression of life, which is anyway happening to people. So right now, you are poking yourself with your own thoughts and you think it's got something to do with this institution and it's options that they've offered to you. No, no, you are just poking yourself. Why are you poking yourself? So I ask you a simple question.  It's up to you. Do you want your intellect to be sharp or blunt? You ask for something sharp. So if we give something sharp in your hands, let's say I give you a very sharp knife, very sharp knife. Now you must be very conscious how you handle this and you must have a stable hand.  Interstines will come out. This is happening to people every day. Their own thought is cutting them into pieces. Yes or no? Their own thoughts and emotions are cutting them into pieces, destroying them. Right now, one of the biggest concerns on the planet right now is mental health pandemic. We are working to mitigate this by creating a certain solution. If you're interested, we'll take you into that. This is called as miracle of mind. This mind is the greatest miracle we have on this planet. Do you agree with me? Yes. Human mind is the greatest miracle on this planet. What it can do? See, you look at a spacecraft and think it's fantastic. You look at a supercomputer, you think it's fantastic. You look at your own phone and you think it's fantastic.  Yes? Small drops of this one, we don't know what this will come up with tomorrow. But this miracle for most human beings is a misery manufacturing machine. They're cutting themselves into pieces, using it against themselves. If your own fingers are plucking your eyeballs out, everybody here understands that you lost it. Yes or no?  Oh, she's stressed.  There are seventy-two names, seventy-two versions of mental ailments.  If you remove half your brains, you will be fine, you will be peaceful. The problem is your brain. You know, you come from Hyderabad, you remember about four, five years ago, I think one television anchor from Hyderabad city who was reasonably popular, Ankara, she jumped off the fifth floor window of her apartment and killed herself. And she left a note, nobody is responsible for my death, my brain is my enemy. To get your brain to this place, it took millions of years of research and development which we are just dismissing with one word called evolution.  Who else is causing misery to you? Where is the manufacturing unit for all human misery? Bangalore? Oh, I mean Bengaluru. It's in your head, isn't it? So it doesn't matter what kind of miracle is given to you, you have learnt how to make a misery out of it. So essentially the problem is in your education system, right from your kindergarten, nor in your social structure unfortunately these days, nobody has told you how to hold this.  Nobody is telling you how to hold this. The quality of your life depends on how you sit here right now. Not in terms of what you wear, what you have, what you have parked in your bank. No, how joyful are you right now? This is the quality of your life. Some things we do, some things we don't do in this life. If you try to do everything, you will become mad, hundred percent. FOMO is madness. This is because you're building things in your mind and believing it is true. See, if you build castles in the air and start believing it's true, we call this neurosis. If you start living in that castle, we call it psychosis. And the third person comes and collects rent for that castle, he's a psychiatrist. Don't do this to yourself. Among the institutions that we have in this country, you're among the best institution.  I'm not saying everything is perfect in this place.  Everywhere there are pluses and minuses. It's for you to either pick pluses or minuses.  There is no perfect place anywhere. How we can strive to get it better, get it better, but we will never get it perfect because always something better can be done. That's a beauty of life. Always it can be done better than the way it's being done, isn't it? So my next question is about leadership. As leaders of tomorrow, we are very aware that we'll be dealing with a lot of stressful situations. Why? Being at the top, there will be a lot of stressful situations, deadlines that we'll have to meet. This might give rise to a lot of negative emotions as well, like unresolved anger, jealousy, greed. So as leaders, when people look up to us tomorrow, how do we deal with these negative emotions such that it doesn't help us or also our team's performance? See, in life there are many situations, situations and situations. Have you seen in the same given situation, one person is stressed, another person is breezing through joyfully? Have you not seen any number of times? So no situation is stressful. A situation is simply there. It's for you to stress or not to stress. If your choice is you must stress, all the best. But why are you making such a choice? Is it something that you enjoy? No, stress essentially means there's some friction happening within you. Friction is efficiency or inefficiency? In any machine, friction is efficiency or inefficiency. You're calling yourself a leader. Why are you looking for friction? It's inefficiency. Will we achieve some perfect level of efficiency ever? No, we're always striving, always striving to get it better, get it better, get it better. But this is the nature of human intelligence and human existence. However you do it, there is a better way to do it. Still, isn't that the most beautiful thing? If there was a perfect way to do it, you did it and after that what the hell will you do with your life? It doesn't matter how you do it. Still there is a better way to do it. This keeps you going. Now, the moment you name a certain situation as stressful situation or another situation as a blissful situation, you will get enslaved to that blissful situation. Out of that you will breed cultures like, thank god it's Friday. What is happening on Friday, Saturday, Sunday, disgusting stuff is happening. Hello? In the West completely out of control, here you're trying to go there. This is because if you enjoyed everything that you're doing, how can I enjoy everything that I'm doing? These people are doing this to me. See, you cannot enjoy anything for that matter. If you're joyful, whatever you do is pleasant for yourself and everybody around you. If you're miserable, everything that you do is stressful. Have you noticed this?  Even smallest things that you do are very stressful. You're very happy. You're willing to bend backwards and walk. Yes or no?  Oh, we have to drag you around. So this is a choice that you have because people have made you misunderstand that happiness is something that you can pick from outside. There is pleasantness of experience and unpleasantness of experience. Let me put it in these two categories. Pleasantness means happiness, joy, you know, blissfulness, ecstasy, unpleasantness means agony, misery, anger, frustration, whatever, whatever. You know the whole variety of things. You know by experience or just by study? He is a literature student. He studied about it, experienced also. Okay. So let's look at it very in a very fundamental way. See, if this body becomes pleasant, we call this health. Do you want it? Okay, four people want it, others I'm going to bless them. This is a problem with you.  All kinds of things you will say. I'm asking you once again. Health, you want it? Yes. Please, please say one big… Please say one big yes to yourself, not to me, to yourself because you must understand this. There is substantial science, medical science today, I won't go into it now, but there is substantial medical science to tell you. You're very chemistry and all the microorganisms which are within you, they're listening to you. So I asked, do you want health? They're listening. Oh, this guy doesn't want, they heard. Please, this is very important that you make a clear choice because whatever the hell you're planning to do, at least you must be healthy, otherwise it's not going to happen. What ill health means is that your body becomes the prime focus of your life. If you're healthy, what it means is you can forget about the body and do what you want to do in this world. Yes? It's freedom versus bondage. The moment this becomes unhealthy, there'll be only one thing tending to this. It will not allow you to do anything. Health, if this becomes very pleasant, we call it pleasure. I clearly tell me, don't be shy about it. Yes? If this man becomes pleasant, we call this peace. If it becomes very pleasant, we call it joy. If these emotions become pleasant, we call it love. If it becomes very pleasant, we call it compassion. If your surroundings become pleasant, we call it success. So to create pleasantness of the body, pleasantness of the mind, pleasantness of the emotion and pleasantness of your energy, which is called as blissfulness and ecstasy, all these are 100% your business. Only to create pleasantness in the situation, you need the cooperation of so many people and so many forces. That is subject to various realities. But to keep this body pleasant, mind pleasant, emotion pleasant, energy pleasant is 100% your business.  Every day they're doing these things around me, non-stop. You must understand this is a volunteer organization. You know what that means? Nobody's qualified for the job that they're doing. They're enthusiastic but they don't know how the hell to do it. Yes. And at any time, without warning, they can drop it and walk away because somebody said something, not me. Somebody said something to somebody, they got stressed, they walk away. With this, how to run a global momentum? So if anybody can get stressed and go crazy, it's me. But that'll not happen because what happens within me, I have kept this privileges to myself. What happens within me, I decide. What has around me, everybody has a role. I try to push it, but they all have a role without their cooperation. Outside things are not going to happen.  That means there is no such thing as stressful situation and blissful situation. You are stressful or blissful, this is your choice. If you're blissful, every situation, what will you do to the best of your ability you handle? Your body and your mind, does it function best when you're blissful or stressful? Yes, be that way because if you are stressful, even what you can do, you will not do. That means you will become a disaster. Don't do that to yourself, you're still young. I want to talk to you about the idea of detachment. What happened? I like to take you away from all the stress questions. Who is that girl, what did she do to you? Hey, he's a nice boy, be nice to him. All right, so 50, 60 years back, especially in India, most of us, people would spend their lives in one village or one town. They would move, let's say, 20, 30 kilometers at once. But now, it's almost an expectation of us. We don't settle down in our jobs, we don't settle down in our relationships. And this is, like I said, a constant expectation to move around. Here also, so in a month's time we'll get our degrees. The next day we'll be asked to move out of the camps. But we can't say that we don't get attached to all of this, right? I mean, if I speak about myself, after eight years being out of my home, the hostel room that I have here is where I feel like I'm going. So you… You like the pillow? I'm sorry? You like the pillow? But yeah, I'm just trying to get the idea of… you do get attached to all these things and then it causes pain. So how… how do we stay detached to all these things? Well, say, the reason why you call it attachment, the better word for this is entanglement. You got entangled with your sweet pillow. Pillow only, not pillow. With anything. You sit on this chair for three days and after that you can't leave this. So this is happening because your involvement with life is so constipated. It is only with this, this and this. You only involve yourself with what you think is mine. I'm going to ask you a simple question. Is this body yours? I think it is.   It's yours. How did you get this body from where? Nothing, it I did. No, no. You were not born like this, am I right? Yes. So, so what was this big body became this big how? Food that you ate. The food that you ate, where did it come from? From the planet. You ate from Mars or? Only here, only here.  It's soil, all right? Either if you realize now, you will do wonderful things with your life or one day when they bury us, we'll all realize. Then it's of no use to you but it's good for the world, you make good manure. All human beings, however good or nasty they are, they make good manure. Yes, everybody. So without exception, we will be good to the world when we are dead. But the important thing is now how this life happens. So it is true that this body you gathered from the soil. So is the planet also yours, I'm asking? I'm a part of it, yes. No, no, is it yours, I'm asking? It's yours. The solar system is yours? Sir, sir, there's only one correct answer and I assume it's not. Huh? There's only one correct answer here, I assume. What is that? I'm saying there's only one correct answer here, I assume. What is that? I think I should say no. You can say whatever. See, this is not some kind of an argument, we're just exploring something because never see a question in your life, do one thing. A question is a very precious thing. Don't waste it. Question is a tool to dig little deeper. Question is not about proving that you're smarter than somebody. If you don't use a question to dig deeper, you will never go deep enough in your life. Every question that you ask, see if it is going to take you to a little more profound understanding of what's happening around you.  Yes. Yes. How many places from where it came you do not know. As you're breathing, from how many places this air is coming you do not know. So I'm asking is this planet yours? It's yours. This planet cannot exist in isolation. It has to have a system which we call a solar system. Is that yours I'm asking? Yes. Yes. So your involvement unfortunately is very prejudiced. What you think is yours only with that we are involved, rest you're uninvolved.   If your involvement was indiscriminate, because you breathe, whatever comes from anywhere you're breathing, right? Your body has no discrimination. Here there is a man or a woman sitting here who is your enemy. What they exhale you inhale your body has no problem. But if you look at them, then your mind will resist it doesn't want to breathe. So this prejudice is what you're suffering.  Unfortunately everybody is accusing Krishna of talking about detachment.  He is a man of involvement. Yes or no? Hello?  Please tell me. Involvement, super involvement. So your involvement need not be in terms of, will I get something out of this or not? Your involvement is with everything. But your engagement, you choose. I'm involved with everything. But right now I'm talking to you. My engagement is with you. My involvement is with everything. Does it cost you something? For you to be involved with everything around you, does it cost you something? Engagement will demand time and energy. That we have to spend judiciously because we already went through this. We have a limited amount of time and we have a limited amount of energy. So that has to be conducted judiciously. Engagement is always judicious. Involvement, why are you not involved with the sun which fires your life?  Everything here is, but why is it not yours? It is yours and you belong to it also, both ways. So human involvement, if you restrain, you will get entangled. Don't give spiritual nonsense to it, you're just entangled. But life situations will try to release you in so many ways. Can I tell you one more story? This happened. Shankaran Pillai was living in United States. He was married to a white American woman himself this time. And then one day, both of them were golfers. They went out golfing and they came home.  She came home and she was little like that emotional. She came home, they sat together, had dinner.  Shankaran Pillai, no trouble is coming, but you don't know from which way it's coming. You know it's coming, but you don't know from where, how it's going to come. So he said, yes, suppose I'm alone, what am I supposed to do? Yes, I will get married, what else to do? Oh, both of you will live in this house. What else? This is my… our house, where else will I live? I will live here. Both of you will sleep in the same bedroom. Where else can we sleep in the bathroom? We will have to sleep in the bedroom, what else can we do? Then she said, will you let her use my golf clubs? He said, no, she's left-handed. Life will detach you many times. If you're getting too attached, it will release you, don't worry. But don't wait for life to teach you a lesson. Because life will teach you lessons in many hard ways. It's best.  You don't have to go through what everybody goes through. Sitting here, all the lessons that people did not learn in last ten generations, you can learn right now, sitting here in ten minutes. Yes or no, if you're willing. If you keep yourself conscious and alert to what's happening within you, you in ten minutes or an hour's time, you can figure out all the things that your parents and their parents and their your ancestors struggled with. You can come to a place where you don't struggle with those things anymore. Possible or no? Please do it. We are back to these good questions. What question? India questions. So that's going to be often find ourselves prioritizing our work and ourselves over people who truly care for us sometimes. Some of us don't find the time to reply to our friends who are outside campus or attend some family events. So this often comes with a lot of guilt. So do you think it's justifiable to need life like this? Your friends and family, I think they'll be only happy if you do well with whatever the hell you're doing. If you are sitting here and continuously messaging them and flunked your examination, I don't think your parents will be happy. And then you tell them I flunked because I was messaging you all the time. That'll be insult to injury. Don't do that. You're here for a certain purpose, fulfill that. Social nonsense, we do to the extent it allows. Anywhere, because I don't want to bring my own example. I'm terrible with social stuff because I made friends in millions. More than friends, they would be like family or much more. So everybody thinks I'm not doing well enough for them, just everybody.  I would like to spend with them. But if I start doing that, what I do will shrink. Tell me what should we do. No, it's important, you do your best. It's not about how much time you spend with your family and friends. One moment of a deep sense of involvement is good enough.  Another thing that students wish lately, all of us were chasing one exam after the other. We have been chasing one exam after the other to organize. In fact, some of us took the entrance exam, 2-DIMs, multiple times to do. You passed that one? No, I didn't. But even on campus, right, while living on campus, I've seen people doing the CFA, somebody's taking the FI and somebody's chasing case competitions. So here we, they've all, like I said, they've all been chasing one exam after the other. But in a month's time, after the campus, we'll move out and we'll be grown-ups, suddenly. Oh, you're admitting that also. And we expect, sir, the question is, how do we find a person who has no exam paradigms that we'll be in once we move out of the campus? Oh, you want to miss it. That's what it is. What do you have been struggling with? You're going to miss it. No, I don't want to miss it. But then the idea is, too many of us are used to this kind of thing, right? Chasing one exam after the other, one thing up, something up, one after the other. Once we move out, move out, we won't have anything to do, except for a job, right? We do have a job, so it does give us a sense of purpose. But if we do, like, say, accomplish something larger in life, how do we do that once we move out of campus? See, when examination is approaching, you're not bursting with joy to find expression to all the knowledge you have. Yes. No. But if there is no exam, you're going to miss it. Like I said, there's structure that we've been so used to. I got… I got the drift. But I won't miss it. I won't miss it. You're inspiring me to tell you more and more stories. The girls are not asking for stories. This happened. One day Shankaran Pillai had a gala fight, gala fight with his wife. See, these things may happen. He had a gala fight with his wife and in… late in the evening, he not able to bear the fight because the… the debate at home normally, he loses and he can't come to terms with it. So he walked away, enough of this, walked away. Whole night he loitered all around. Early morning, 5.30, some breakfast place opened. He went there. The server came and, Namaskaram sir, what do you want? He's in full spirit. But Shankaran Pillai is like this. He said, I want cold and hard idlis. I want sambar with excess salt and I want a coffee which is weak and cold. Said, why sir? Why flower like soft idlis, wonderful sambar, hot and strong coffee I can serve you.  I'm missing home. I'm missing home. We didn't see all the introductions. Namaskaram sir, we do and best to see you on my 21st birthday that's today again. Oh, okay. And I'd like to ask you if cinema could be a medium for spiritual exploration? See, cinema as it goes is one of the most powerful mediums even today, most impactful. Why is it television not as impactful as cinema?  You do one thing, turn on the lights and watch the cinema, the best movie. No impact. Lights are off, suddenly it's a big deal. It becomes more real than real life.  They're living entities in their homes, all right? Because lights are off and everything boom, big. So this all it takes in your life also. If lights are off for other things and you pay attention to something, certainly that will explode. But most people don't have that kind of attention in their life. Especially today people are carrying attention deficiency as a kind of a badge on their shoulders. See, you must understand this, nothing in this universe yields to you.  You will remain on the surface of life if your attention is not very keen. So how to bring attention, there are many methods, let's not go on to it. But cinema does this to people because lights are off, there is no choice, boom. It's all there. So the impact of cinema is very big, should it be used? Anything that you think is important, anything that you think is important, whether it's health, well-being, environment, spiritual process, whatever you think is in… or even politics, you think it's important for the well-being of human beings, you must make a cinema on that because cinema has such tremendous impact on people. So sometimes it happens that we are… although we have this point from the inside, when we start thinking about our long-term plans, those plans gradually they change into overthinking and then let the situation turn stress-free, that leads to procrastination. So how do we know where to draw the boundary that, okay, now this is going into the overthinking territory, I should know all of it. See, I am seeing these days lot of young people are using this term. Satguru, how to stop overthinking? There is no such thing as overthinking. I think human beings are not thinking enough. What is overthinking? Human brain is made in such a way you can sit here and think about one hundred things at the same time. But right now people are teaching you think one thing at a time. Oh, you should have been an earthworm. That's very… don't laugh, it's very eco-friendly. Or maybe you could have been a frog, you could have at least think of two things at a time. With this brain, if you think one thing at a time, you're wasting the possibility of being human. Because there is so much friction in your head, now you think one thing itself is freaking me if I think ten things what will happen. No, no, you must geometrically bring some congruence into this. When I say geometry, you must understand all physical creation has a certain geometry. You understand what I'm saying? Many of you are engineers, right? Hello? So, every physical form has a geometry. Without geometry there's no physical existence. How congruent it is, how friction-free it is determines how a particular formation of objects function. That goes for this. There is a physical geometry to this. There is a chemical geometry to this. There's an energetic geometry to this. There are various aspects of geometry and our geometry is not individual. Our geometry is a consequence of the planetary system itself. Planetary system has worked as a potter's wheel to make this happen the way it is. If the planetary system worked some other way, we wouldn't be in this form, we would be in some other form, all right? So, who we are right now is incongruence, but in how much congruence is the question. So, when you start thinking about future or planning for future, a lot of people are telling you, don't think about tomorrow, don't think about yesterday, just be in the moment. Hmm? All right, this stuff these days. I'm asking you, please be somewhere else and show me, please. Hello? Can you be somewhere else? Anyway, you're in the moment. What kind of dumb teaching is that? Can you be somewhere else? You? Yes. You can be. All I mean is, physically I'll be here. No, no, no, no, no. I got you. You're here, but you're thinking, let's say, of Mumbai. What's wrong thinking about Mumbai? What's wrong planning to go to Mumbai? What's wrong planning to go to moon? Oh, I'm here, so I should not think about anything. What kind of dumb stuff is that? So unfortunately, this is passing off as spirituality. Generally, most people's understanding of spirituality is it is a disability. If you say I'm spiritual, first thing they'll ask you is what are all the things you will not do? No, no, if you're spiritual, you can do any damn thing without getting entangled in anything. Full 360 degree life. I can do only this, that's not spiritual, that's a constipated life. If you are spiritual, you should be different. Anyway, coming to this process, it is very simple. See, you are who you are right now as a person. You have a certain amount of memory. You have memory. You as a person, you are this person only because of certain kind of memory. What is the difference between this person and this person? This is one kind of memory, this is another kind of memory. If both these people had exactly same memory, they would be the same chat, GTP. Different kind of memory is what is making you different in experiences, different in opinions, different in everything. So there is a memory. Using this memory, we will run a certain imagination. Because we have a vivid sense of memory as human beings, our life feels rich. We remember every tiny little thing.  Because of this, if you didn't have this memory, you had just a vague sense of something, your life wouldn't be rich. So your life is rich essentially because of memory. But a whole lot of people suffer this memory immensely. You ask people, what are they suffering? What happened ten years ago, they are still suffering. What may happen day after tomorrow, they are already suffering. Because they don't understand, they are suffering their memory and imagination. They think they are suffering life. They are not suffering life, they are suffering their own memory and imagination. These two faculties of vivid sense of memory and fantastic sense of imagination is what sets a human being apart from every other creature on the planet. None of them have this kind of cerebral capability that they can remember all these things and make something else out of it. See, the boy wants to make a cinema. What is that? Using your memory, you want to create a whole new world. Whatever you want to create, you are using your memory and seeing how to blow it up into something new, something bigger, something better than what is here right now. Now the problem is you have no discipline. Your education systems have not made a distinction between what is memory and what is intelligence unfortunately. So if you are sitting here, your memory spills over into this moment. If I look at you, my memory says, oh, he's okay, he's not okay, he's this, he's that, all this from previous memory, I'm not able to look at this human being just the way they are because my memory intervenes in everything. Once my memory intervenes, I can't control my imagination what nonsense this person may do. But if you look at something, you must be able to look at it just for what it is, isn't it?  If you don't have this discipline, where is memory? Where is imagination? Where is the awareness of experience right now?   This life is bigger than your thought.  Is that so?  Rest is all imagination. Have you ever been to a funeral? Somebody else is not yours, no? Somebody else's funeral you've been. You know that man is in perfect posture.  The guy is not interested. You tell him, this woman, most beautiful woman on the planet that you wanted, she is right here for you. Not interested. They found a lump of gold in your house, not interested. Tell him whatever, for which he was hopping around all these days, not interested. What happened to this guy? Only thing that he lost is life and suddenly everything else is nothing. Why?  Rest is all your imagination. You're misunderstanding your imagination and memory as life process. No. It can add substance to your life. It cannot be life.  If you don't throb a life, your memory and imagination can be stored today in your computer or somewhere else or you can create your own avatar, but still you will not experience it.  They were all essentially made to fit you into an economic engine which is running this whole world.   So this is important that today we're reaching a place in the world where in another fifteen years, maybe twenty years time, there may be universal income. That is nobody has to work for their bread. Don't think this is a small thing. For ten, fifteen, twenty-five, forty, fifty thousand years ago or hundred thousand years, human beings have toiled for bread. Hmm? Yes or no? Toiled means you don't understand in today's life. You just do rupee and they give you swiggy-piggy delivers you in your room. Not that. If you lived in the wild, you have to toil daily for your food. If you have to do agriculture, grow your own food, you have to toil for food.  This is how life has been. So for this entire history of humanity, human beings largely have spent their time trying to get their bread together. But we are coming to a time in your generation. We are coming to a time where bread will be free universally, almost for everybody on the planet. We are coming close, at least in most nations. Unfortunately, a few nations have slipped out of that possibility. But most nations will have universal income. That means you don't have to work for your bread. But once you don't have to work for your bread, in my understanding of how people's mindset is right now, about forty percent will sink into chemical usage, alcohol, various other things because they can't handle it. If there is no survival instinct active, how to be? They don't know. Like if you don't have an examination which is survival, you don't know how to be. This is important. This is a time where everybody has to learn how to be because what you do with your intellect a machine can do better than you. See, there was a time man thought his muscle is everything. Machines came. What thousand men can do, one machine is doing. Suddenly man's muscle is not important. All the ladies, I want you to understand today you're able to do what men are generally doing in the world in the same level of capacity simply because of machines and technology not because of some liberation that you did. If man's muscle was important force on the planet still it would be the same thing, isn't it? So there was a time if you had really big muscles we would make you the king of Bengaluru. Today we may hire you as a security guy at the most. That also may not happen just because of your muscle. There also we ask how much brain do you have? So man's muscle became irrelevant in the last century because of technology and machines that we built. Now all the intellectual coolies are worrying what will happen to us if these machines store all the data and do all the process that we are doing and acting funny in the world. When I say acting funny, if you read three books you can become a school teacher. If you read ten books you can become… I'm sorry if I'm… I don't mean any insult. If you read ten books you can become a professor in a university. If you read just one book you can claim you're the agent of God. This is the world you're living in. This has to change because the phone that you carry has more memory than all the people put here put together here. So machines once they start doing collection of data process an expression which they will do far more efficiently on a larger scale than you and what to do with myself. No need to earn my living. No need to collect data. What to do? You must know. Now you must prepare otherwise you'll be obsolete in no time. It's very, very important. So you must first learn how to be. This is one thing the machine cannot do. How to be? See you must understand your basic qualification is this. Your basic qualification is not MBA. First thing is we called you HB, human being. We didn't call any other creature on this planet as a being. We didn't call a tiger a tiger being an elephant an elephant being an ant an ant being. Only you we called you a being because you are supposed to know how to be. That means you are not an instinctive, compulsive reaction to world around you.   Tell me what is not a problem in the world. See, if you don't get admission into kindergarten, I couldn't go to school and you will suffer. You put you to school, see how much suffering? No job, you will suffer.  Poor people suffer poverty. You make them rich, they suffer taxes, they're breaking their heads about the taxes. Not married, they suffer that. Get them married. I didn't say anything. I did not say anything.  So the suffering is not in life. It's up to you how you use your intelligence, whether you know how to be or you don't know how to be. If you know how to be, would you be blissful or miserable? Choose. Blissful of course. If you're blissful, whatever the situation, what is the problem, we will do what we can do. What we cannot do, we won't do. Hello? What we can do, we'll definitely do. What we cannot do, we won't do. But human potential can be explored. Only when these two situations happen, you know how to be and there's no concern about bread. That time is coming. Please get ready and create something wonderful on this planet. Don't become one of those slobs who'll sink into this and that nonsense. They're expecting, some of the scientists, responsible scientists in the world, I've been talking to a whole lot of neuroscientists, psychiatrists and others. They're all expecting somewhere between 2045 to 2055, twenty percent of the world's population could commit suicide. It'll become that hard to live. For variety of reasons, let me not go into all that. One aspect is nutritional aspect, another aspect is this, that your survival instinct is not on. You have no examination to take. Nobody to fight with. Don't have to go somewhere to get your bread. Bread comes home. Now you don't know what to do and you don't know how to be. If you do not know how to be, this wonderful time that's coming, which no human generation has ever enjoyed, that we don't have to work for our bread, that situation will go waste. They're expecting 40 percent of the people will go into alcohol and drugs. Twenty percent could commit suicide. Another ten, fifteen percent will be insane in so many ways. Ten, fifteen percent may start doing something fantastic because their genius will flower because they don't have to earn their bread. They can use their intelligence from an early age into creating something. I want to make sure we increase that percentage at least to fifty percent of the human beings will be doing something fantastic. We will take one of open glass stations. I'll give the mic here. Right now in India they're making an experiment. I think it's a serious year. Now other air schools open book examination. You heard about that? Oh, I would have loved it but you won't like it because there'll be no struggle. My question is quite simple. Do you believe in the concept of faith or destiny? Why should I believe in your concept? My question is generally, should we believe in the concept of faith or destiny? See, destiny essentially means people are imagining there is a fixed destination that you may get to no matter what. Yes? There's a fixed destination. Any way you're going to get there, no matter what. Try this. Today you do one thing. What do you drive? A car or motorcycle? A car. You want to go home, close your eyes, any way your home is your destination. I will get you an astrologer who will tell you you will live to be eighty or eighty-five, whatever.  Everything will be fantastic. I'll get all the predictions. Just drive your car with eyes closed. Let's see how far you get. I think we know where to pick you up. And on the way many other unfortunate people also. So only because you open your eyes and drive carefully, you may get home. There's no guarantee. Hello? Just because I'm a good driver, there is no guarantee. I'm going to definitely get home. I may get home. I want to make sure I get home. That's a different matter, but there is no guarantee. Anybody has come here with a guarantee card? There's no such thing. So destiny and fate, these are all engagements for vain minds who don't want to strive to create anything. They think somebody has fixed it and it's going to happen.  All this, unfortunately, you're blaming it on usually that Parthasarathi. See, please understand, the man is holding range of the chariot in his hands. A man who believes this chariot will anyway go wherever it has to go, will he hold it and manage it? That means he's holding the steering wheel. Yes or no? And he doesn't trust the other fools will drive well. That's why he himself is standing and he wants to drive it.  The entire thing is just this. This fool believes he's going to win the war. He's telling him there is no such thing. Anybody can win the war. Anybody can get killed in the first moment you were on the battlefield, you would get killed. You may be a great hero. One moment if you're not alert, you will be dead. He's saying you do what you have to do to the best ability that you can. What will happen will happen. This is the nature of life. But because you do not know how to handle tomorrow, because you don't have a plan, nor do you have the commitment to fulfill that plan, you want a divine plan for yourself. God's plan, essentially. Destiny, fate means God's plan.  Up or down? Inside. Inside. Then you must do the planning and you must do the execution. If he's inside, no problem. There's a God inside of you. Say, let me settle this. Because in this body, for any of you, in this body, is there only one person, or two or three or whatever? Anybody more than one? If you have more than one, you're either schizophrenic or you're possessed. You either need a psychiatrist or an exorcist. Both need to be handled. This is a being. We call this an individual. You know why? Because it's not further divisible. The moment you think this is true, your sickness has begun. You see, this is just one being. And now, if this is joyful, it's me. If it's miserable, it's me. If I get there, it's me. If I don't get there, it's me. This way you're empowered. If you think if I get there, I did it, otherwise it's my fate. Well, you have found a philosophy to sit on your backside comfortably and eat. But you have not found a way to trigger this life to the maximum possibility that it can be. You don't wish to do all those things. It's fine. But at least what you want must happen, isn't it? You give that up because you think it's not your destiny or this is your fate. This is just an explanation. See, people who fail in their life, they always have explanations. People who are successful, they have no explanation because they know it's endless striving. Endless striving. There's simply no other way. So this process of what is destiny and what you do, what you do not do, can I tell you a little story? Can I tell you a school story? It's okay. An Indian family in United States, they had a little boy who was like eight-year-old boy but you know Indian families, education, education. Because two, three or five, ten generations of people have suffered poverty, at least this generation is still cooling off but otherwise our parents' generation like always education, education. If you don't educate, what will happen? That thing. Wherever they go, the same thing. So the child is studying, he's doing very well but in mathematics he's only getting ninety-five. The mother and father are so worried what is happening to the other five marks. So they want to put him in another school where mathematics is supposed to be best. So he was in a public school, from there they moved him into a Catholic run school. So he went there. Within three months, the boy started getting hundred out of hundred, hundred out of hundred. Then they asked one day, who is your math teacher? We want to meet this teacher. They've done miracles for you. You say, no, no, it's not math teacher. Then what is it? It's just that when I go to the school, I see a man is nailed to a plus mark. I don't want to get there. So I'm doing my best. You got it? So sometimes you have to be nailed to move. Don't do that. Nobody should whip you. No situation should whip you for you to be in full force. You must be in full force. This you will only do if you are joyful and exuberant by your own nature. Only when you're joyful, you're willing to go on full on, isn't it?  No, that's not your fate. You're finding an explanation for your lethargy. You're finding an explanation for your failure. Never find an explanation for your failure. You just say, okay, I fail. Maybe I don't want to succeed. You just say, I don't want to succeed. Within three days, everything within you craves for success. If you say, I did not succeed because stars are in not in place.  And many of those stars that you see don't exist. They died long time ago, but they're determining your future. Not a good way to do things. So I am from PGPM and this is a program which gives us an MBA for working professionals. So we have to work as soon as we study. And both are inevitable. So I find it a bit challenging to switch between topics like we have to finish our work and then we have to study also in a day. So what do you suggest or what is the solution to this? It's very challenging to switch. The mental switching is challenging. See, instead of thinking in terms of study, why don't you think in terms of learning? You're here to learn. You're not here to study. You're not here to pass examinations. You're here to learn. Hello? This is an institute of learning, isn't it? So you need to change that context. You're here to learn. Can you do your work well if you're not constantly learning? I'm asking. Whatever you're doing, whatever it is you're doing, you're just repairing a bicycle. Can you do it well if you're not constantly learning? This is a simple thing or complex thing. You must be endlessly learning. That's when you do those things well, isn't it? If this being in this institute is about learning, working, learning will support working, but now studying, this is labour. To do that labour and also work, which is another labour. No, you should not work in this life. Don't work. Do what you want to do. Hello? Do what really matters to you.  If you're given forty-eight hours a day, you want it. Right now, there's an argument in the country should we work thirty-six hours a week and one of the very successful Bangaloreans said seventy hours a week, everybody's protesting. I said, why only seventy hours? If you're doing something that you really love to do, why will you want to do it only seventy hours? If you are TGIF, then you are constantly thinking how to do less. See, this is the unfortunate reality of the marketplace which has entered every aspect of our life. If you go out to buy vegetables today, if you buy hundred rupees worth of whatever, let's say a pumpkin, for eighty rupees and come, people say you are smart. You paid less, you gave less and took more. This is being smart, isn't it?  Correct? But you must understand the dynamic of life. In this life, your life will become truly rich when you're willing to throw yourself into anything that you're doing and you don't care what comes out of it, you're not even... you're not even focused on that. You're just devoted to what you're doing. What comes will come depending on the quality of what we do. But you're not concerned about that. You're concerned that life is giving you an opportunity to do what you want to do. That's important. What you get, what will you do with that? You want to carry it on your head? This nonsense is only socially relevant. It's not relevant. See, right now, what is my bank balance? I have a million dollars. Where is it? It's only in your imagination. If I just take your memory out, I don't have to steal your million dollars. If I take your memory out, your million dollars are gone. Whole lot of people who kept their money in Swiss banks, this happened to them. They were writing their numbers in their underwear, but when the underwear was lost... we know people like that. They were writing numbers in their underwear because that's the only place where nobody will see. But one day that got lost. Now all the money is lost simply because you don't remember the number. I'm saying whatever you think you have is not the point. The only thing that you have is in your life is just this. Please look at this very carefully. How profound is your experience of life? How impactful is your activity? This is all you have. Rest is all imagination. So in every moment of your life, what were you doing? How to make this a profound experience? See, any simple thing, you don't have to do something very complex. Like a little boy, yesterday I was at the cricket game. The ladies game was... you know, the IPL is happening, the women's IPL. So I was invited, so I went there. I was just looking at this and I was just talking, these girls, what is the minimum age for them to enter this? They said, no, they must be eighteen, whatever. You know, Sachal Tendulkar was playing Test Match at sixteen. Oh, those days are gone, now there are this, this, this. So why are they gone? See, this little boy, I've sat with him and spoken to him. What did he do? This little boy just wants to hit the ball, hit the ball, hit the ball. He's not thinking of the money, he's not thinking of the fame, he's not thinking how to become a Bharat Ratna. All right? He's just hitting the ball, hitting the ball, absolute devotion to hitting the ball. I don't want to go into many stories, there's spectacular stories about him, how he did a few things. But he hit the ball so well in the end that we made him Bharat Ratna.  Yes. It doesn't matter how simple the activity, if you do it in an extraordinary way, you will be the jewel of this nation, all right? So, as we come towards the end of today's interaction, I extend our heartfelt gratitude to Sadhguru for being with us here today. Your words and thoughts have resonated with us and we are just grateful for this wonderful interaction. Thank you.


The study generates genome-wide RNA-DNA and DNA-DNA contact maps in human cells to reveal the chromosomal domains defined by locally transcribed RNA and demonstrates that the spreading of chromatin-associated RNA is constrained by topologically associating domains. Additionally, the study shows that stopping transcription or acute depletion of RNA induces thousands of chromatin loops genome-wide, and activation or suppression of specific gene transcription suppresses or creates chromatin loops straddling those genes. The data suggests a feedback loop where the 3D genome modulates the spatial distribution of RNA, which in turn affects the dynamic 3D genome organization. This article was authored by Riccardo Calandrelli, Shingya Wen, John Laliff, Charles Richard and others.


Okay hello everyone welcome to options with Doug streaming live daily on bookmap discord and the bookmap YouTube channel at 1 30 p.m. Eastern time excuse me and for those of you for those of you on YouTube apparently I am streaming but I cannot see the stream updating and I may or may not be able to see chat so I will I'll watch chat I'll if I see anything I'll respond otherwise I'll be watching chat and discord so again welcomed options with Doug and before I go any further let me 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 involve substantial risk of loss and is not suitable for all investors past performance is not necessarily indicative of future results and as a reminder the focus of my presentation and the focus of the option options with Doug chat room and discord 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 that is based on positional analysis and 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 other traders may use technical analysis or fundamental analysis I think positional analysis is a new way of looking at the market and I believe it provides a an edge and the second part of my process is execution and I look at real-time order flow in bookmap and real-time market maker hedging flow and spot gamma hero to confirm my thesis and for setups and on topic questions and comments are welcome both during my presentation as well as any time so again you know please review the the focus of this channel and make sure your questions and comments are on topic and I'll be happy to answer them okay so what I want to cover today is first of all talk about news some news data that they came out this morning and that then is coming out tomorrow and then I'll go over position analysis and then finally talk about setups and what I want to do today is focus more on setups I've actually got my data issue worked out so I have DX feed data for stocks now and there were some great setups both in the S&P 500 and stocks today so I'm going to go through the news and the positional analysis pretty quickly and get to setups so first of all news and this is I just want to see one other thing oh this is what what just came out so we'll look at this in just a minute that will explain that sharp bounce higher in the S&P 500 so today this morning first was the ADP employment change and it came in much higher than expected and hold on let me bump up my cursor size and so this is the ADP employment change forecast 150 came in at 235,000 so much much higher than expected so in this case good news was bad news and we'll look at the S&P 500 in just a minute and see the reaction to this news as well as the jobless claims this came in a little bit less than expected and then finally at 945 PMI data came out that was slightly better than expected but still less than 50 so that means it's in the contraction range okay so that was the data that came out this morning and then what what I was just looking at was this Fed commentary Fed Bullard looking at this right here oh well let's see actually that's I think this is the the comment well both of these really so inflation is likely to slow expectations are in line and I guess Fed policy will soon be restrictive with additional hikes right so let's go take a look now at the S&P 500 and this is that sharp jump higher with with Bullard's comments and notice where the notice where price reverse is higher this this is SPX 3800 and this level has definitely been in play today you can see it is acted as support multiple times today this is the again the SPX 3800 and that is the spot gamma put wall and noted as support and it has been acting as support for for a while now we'll get a a little bit longer term chart of SPX and see how that level has been in play so price has been testing that level but has not seriously broken lower with any any significance so here's the reaction I'm just gonna to the news this morning this is the 815 ADP report and then the 830 jobless claims and that kind of set the tone for the the open RTH open down to the first test of the 3800 put wall and let me just clarify what I'm looking at here I have two columns in my bookmap chart this is the spot gamma cloud notes and these are showing SPX levels and SPX and spy combo levels and then I have my own notes here the C levels and I put in the support and resistance levels noted in the spot gamma AM founders note and also significant spy levels there's the spy 380 put wall and then also big round numbers in ES the zeros in the 50s so you can see this is a very news driven market and the algos are listening closely for the news or you're watching closely for the news and react pretty quickly okay and then just one more thing about the news tomorrow is another big report the employment situation at 8 30 a.m. Eastern time and then there's more ISM PMI data out at 10 a.m. okay so I've already started on positional analysis a bit but I'm showing the the relevant levels support and resistance levels and spot gamma levels on the chart here and again 3800 is the significant level and that is again the spot gamma put wall and expected it is expected to act as support now regarding shifts in levels this is one thing that I look at to develop a directional bias the SPX put wall increase from 3700 to 3800 and I interpret that as bullish and for spy if you recall yesterday the spy data shown in the founders note was there was wrong there was there was some sort of data error so we did look at the data in equity hub and that data appeared to be correct and it looks like based on what I see today it was so the spy hedgewall increase from 380 to 385 let's just go to spy and the call wall increase from 383 to 390 and the put wall increase from 370 to 380 and so the the put wall has definitely been in place and it looks like the volume is really concentrated between the 379 and and 380 level today and spy alright let's take a look at the S&P 500 charts and we can confirm those levels so this is SPX absolute gamma levels the teal lines below zero show negative gamma or put gamma and the black lines above zero shall call gamma or positive gamma and there's the 3800 level that is acted as as support and then 4,000 is the call wall and the absolute gamma strike so the put wall is the strike with the largest net negative gamma it's expected to act as support and the call wall is the strike with the largest net positive gamma and it's expected to act as resistance and then finally the absolute or key gamma strike is a strike with the highest absolute gamma so that is SPX here spy and 380 is the biggest strike on the board here and that is the call wall as well as the key gamma strike the put wall I'm sorry the put wall and the key gamma strike and let's take a quick look at data and I'm going to look at gamma notional and the reason I look at that is to understand how market makers are positioned in the options market and how they might react so what I'm looking at is gamma notional and it's negative for both SPX and spy and this indicates that market makers well first of all traders are long puts market makers are short puts and they're on the their position is on the negative portion of the gamma curve and this means that they have to sell futures as price drops to hedge their delta exposure since they're short puts and as price increases they can buy back those short futures so this is just to get a sense of again how market makers are positioned how they might react so in this case I'm expecting market makers to trade in the direction or price and one last thing that I want to point out oh the changes so yesterday SPX gamma notional was minus 496 and today it became less negative at minus 312 and yesterday there was an anomaly or a data error for spy and it didn't make sense so I didn't you know I just ignored that so today spy is the gamma notional is minus 1271 all right one other thing I want to take a look at this is SPX this is on thinkorswim just a just a candlestick chart here actually I may be looking at hiking ashy candles that doesn't make any difference for what I want to look at so I'm looking at a 20-day one-hour period here and the thing to point out is this narrow range for SPX so SPX has been trading in this range since looking at hug burying over this date that is 1216 so the middle of December until today SPX has been in this range with multiple tests of the 3,800 level and spot gamma has talked about this in their in their daily reports a.m. and p.m. about this range now they're talking about 3,800 to 3,900 and if you look back here that 3,900 that was the the top of the range and it looks like the bottom of the range is a little bit lower at around 3,775 so you know more or less in the 3,800 to 3,900 range so you know eventually this will break so contraction leads to expansion and expansion leads to contraction so you know eventually our catalyst will come along that will that will move SPX out of this range okay let's take a look at some setups let me check YouTube and see if I can see any questions yes check YouTube and let me just let me test all right anyone on YouTube if you can hear me or see my screen or see my screen please type something in chat okay no response in YouTube okay I'm not sure what the what the problem is I thought that I thought I had that resolved so I will apparently it is being recorded there were recordings for the last two days but I can't see the stream so all right let's let's go to setups now and the first was ES and spy and I posted the first reversal higher setup this morning let me zoom in on that and that was this setup right here I'm gonna zoom back a bit so the setup the first reversal at 3,800 and again I posted this in discord and let's take a look at hero now go to ES I'm gonna zoom in a bit just check all right so I've got a one-day look back period I'm gonna zoom in a little bit more and so what I was looking at now this is hero for the ES S&P 500 futures and this is combining SPX and spy options trades to show this hero line so again it's a combination of SPX and spy and this is what I saw this morning so traders were taking bullish or positive Delta trades with options as price was falling and as when price reached that 3,800 level expected to act as support that's when price reversed higher so this was a leading indicator nice divergent setup and let's separate out puts and calls so really both driving so traders were buying calls and that may be a little bit more clear with the orange line here showing traders buying calls and initially selling puts and notice here in this behavior is very typical in the S&P 500 and this is what makes heroes such a great indicator for the S&P 500 is the lead effect is what traders are doing is as price reaches low levels or moves towards lower levels like the 3,800 put wall traders start taking positive Delta positions again buying calls and selling puts and price reverses at a level again the 3,800 that is expected and then increases so that was the first reversal higher setup so the first bullish setup and then at a certain point as price increases they either sell those positions or take new negative Delta positions and price gets to a reversal point and then moves lower so that pattern often repeats over and over again during the day and as you you can change the look back period to a shorter time frame and you can see that more that's more evident especially in the afternoon or as time passes you know that without after a few hours of the market has been open all right so let's go take a look at book map now and again there was the reversal lower at the 3,800 level I'm going to zoom in on that and notice the liquidity target was 3,855 here and the round number target was 3,850 and that's where that's where price reversed lower and notice in the sub chart here that there were some buy stops firing and that's shown by the yellow line the rising yellow line and then also aggressive buyers and that's shown by the pink to dark blue line and you could also see all the green dots in there heading up to the final sweep at the sweeps at 3,850 and then you know again remember from a hero that hero started dropping and you know that point you're just looking for a reversal point and these two sweeps were your points to start looking for shorts and again in both instances you can see the shift from green dots to pink dots especially right here right let's go back and let's just take a look at hero right now I'm to zoom all the way out and I look I have a right now a one day full-day look back period on hero and I'll talk about when to when to zoom in and when you can look at a shorter look back period I'll show some examples of that so there's a another kind of a long-term divergent setup as price drops lower traders start taking positive delta positions and then price chopped around and tested the 3,800 level for some time and then finally it looks like it really paid off with the the Fed comments from Bullard okay and let's just leave it at that let's take a look at spy and spy should be just about the same thing so the spy options trades have been I guess really driving ES for a for a while now okay so that spy looks looks just like ES the setups higher lower and then higher and then finally pay off alright any any questions yeah I don't see any in discord okay let me let me just check YouTube one last time and so nothing in YouTube I'll try and work on that again okay so additional setups I'm gonna look at some setups nice setups that I saw this morning let me point out first I'm gonna go back to my daily notes here and this is a spreadsheet that I keep every day these are the stocks and symbols on my watch list and I tracked the key gamma strike every day and watching how that moves up or down can provide a very good starting point for a directional bias and the things that I want to point out that we'll look at today first of all meta notice the increase the green indicates that the current key gamma strike the key gamma strike for today increase from yesterday and that indicates bullish sentiment traders are taking positions higher up and this is you know these are longer term positions you know most likely most most in the expiration tomorrow but anyway they're you know this is based on open interest and traders are you know expressing their view that they expect price to move higher and just the opposite with Microsoft and I think Microsoft got a downgrade yesterday from an analyst and then snowflake as well and this is kind of a double whammy here yesterday the key gamma strike dropped and today it dropped again another five points and note the the larger drop in Microsoft and we'll take a look at equity hub and Microsoft and see that was not the only key daily level that dropped so what what I do with this information is you know if I see these numbers then I go into equity hub and do further research and I'll show how that worked for Microsoft all right so let's go want to take a look at go back to equity hub here equity hub I'm sorry hero all right so meta to zoom in a bit so this is what I saw saw in the morning leading to both bearish and bullish setups just hero continued to drop you know until about 1045 1040 and that led to some good short setups not a lot of range but every time meta jumped up it was a good time to short with hero dropping all right let's go take a look at book map now and one of these days I'll remember to change my pointer now recall that meta was the key gamma strike increased 10 points for meta so the initial outlook would have been would have been bullish there were some short setups early in the morning let's go back to hero now so that was the first setup but really the best setup was this reversal higher here around 1045 and more of a confirmation setup not much of a there's really no lead there just confirmation setup and again if you were if you had a bullish bias you would just wait for this reversal higher okay the next one is Microsoft and I'm going to separate this out to show in the put and call transactions and this is this is what I saw this morning so unlike meta with a rising key gamma strike the key gamma strike dropped on Microsoft so my expectation was bullish for meta and bearish for Microsoft and actually I'm getting a little bit ahead of myself let me let's go to equity hub and look at Microsoft so knowing that there was negative or bearish news about Microsoft I see the key gamma strike drop 20 points which is pretty significant so I can go in and do some more research and equity hub here and what I'm going to look at is the shift in shifts in levels from yesterday the fourth today to today the fifth and I see that yes indeed the key gamma strike did drop from 250 to 230 and in addition the hedge wall dropped from 235 to 230 and the call wall dropped from 250 to 230 and then the put wall dropped as well okay so that is definitely bearish for for Microsoft so let's go back now so that would be the the first step with the first step in my process was the first step in my process was the key gamma strike list and then that led me to further research here on Microsoft and saw all the not only did the key gamma strike drop but the hedge wall call wall and pull wall also dropped so now let's go take a look at hero again and if you recall also I posted my with the new hero dashboard I can't post my entire watch list anymore so I post I ranked it from weakest signal to the strongest signal and just showed the top portion of the weakest stocks and both snowflake and Microsoft were on that list so taking a look at that list that is the next clue and then you know again seeing this call line dropping straight down that's the next clue then finally let's go back to book map go to Microsoft so here's the here's the setup in Microsoft and I'm kind of squeezed in a little bit because I want to show this 220 put wall and all the liquidity at that level and if price had continued lower maybe if the if Bullard had not made that comment then price might have headed back headed down towards this kind of obvious target here but anyway here's the setup remember that the call line was dropping and this this is the you know from what I look at in the way I trade this would be my setup the you know the sloping line down here I guess of the break of this wedge a retest of the 224 50 level and a couple short points again with the 220 the 220 put wall liquidity as a target and let me take a look at some questions you know Zen 550 I have discussed put walls and call walls extensively I've tried to answer your questions I you're just I would not put so much significance on on those levels if you know I I put a link to the article that spot gamma posted with their stats for the put walls and call walls and I can't add any more than that you know they have the stats they show talk about what happens with you with very detailed statistics and you know I expect those levels the and by the way the 3800 SPX 3800 is the put wall and SPX 4000 is the call wall there's only one put wall and only one call wall and they can change from day to day so I look at that how they change from day to day and panamats I you know my preparation in the morning takes a while I have requested a couple of features for spot gamma that would that would speed that up like showing the key gamma levels and cloud notes just like spot gamma does for ES NQ and RTY and also I've requested that they color code the five daily key daily levels and the equity hub dashboard green or red depending on whether the price increased or decreased from the previous day to kind of replace my spreadsheet so I could just look at the look at the dashboard instead of recording that in the dashboard and that would save me quite a bit of time okay so you know again I at least I have my I'm using an add-on here that's available in the bookmap marketplace called price lines and I it uses cloud notes I fill out the light so the yellow levels are just the round numbers and the red numbers are the like the fives and the zeros and then I change the spot gamma daily levels and my spreadsheet and I mark those white with red numbers and the line is white also and then price lines draws the lines so it takes some time to do you know for all these stocks that I'm looking at as well as ES NQ to fill that out but I like to see those levels it helps me okay that was Microsoft that was I thought a great setup and now let's take a look at QQQ and now the board make looks like you made another comment okay so let's take a look at QQQ so this is what I was looking at it this morning and let's go yeah Paul I will get to Tesla all right so let's take a look at hero now change this back let's go to QQQ and one thing that I want to point out when you see the hero line kind of flat line like this it's showing a it's showing a cumulative effect for hero since the beginning of the day and that is not really providing much information and that is when you can change your this rolling window the look back period to a shorter time frame to provide more significance so see how changing from the entire day to 30 minutes to 10 minutes adds more clarity about what is happening right now so let's change this to 30 minutes normally all right so what I want to look at first is this divergence setup both higher and lower well actually it was more of a divergence higher let's let's change to 10 minutes and now we can see the divergence lower so in certain cases changing the look back period the rolling window helps so here's what I'm looking at hero is increasing prices falling and that is the first long set up and thanks Paul all right let's take a look now at book map good QQQ let's zoom in so here's that first first setup first long setup somewhat of a break of trend notice the shift from pink dots market sells to green dots market buys aggressive buyers and then the final sweep into 264 and remember again that we'll go back to hero and one thing to keep in mind I'm jumping from I only have one screen to present but on my computer I have I have two screens and I can see those simultaneously so I don't have to jump back and forth on on my computer again I have two screens and I can look at both screens at the same time so this is you know having only one screen to present is makes us a little bit more awkward but you know this is how I have to present so going back to hero again I have a 10-minute rolling window here and so now as price moves up to that 264 C3 and C3 is a combo level QQQ and NDX and three indicates it's in the middle of range of importance one being the highest and five being the lowest so the setup lower was noticed that hero starts making lower highs as price continues up and then reverses lower so divergent setups in QQQ both lower and higher all right the next one that I want to look at is snowflake make sure let's go back to one day on this this case that one day is a little bit more clear all right I have snowflake on my other computer and give me just a moment to share my screen and and we'll take a look at that all right there's snowflake nice short setup right here at this trend break and notice all the green dots here and trend break pink dots come in aggressive sellers and price target at 120 liquidity and I don't have this spot gamma levels marked on on these charts on my other computer and let's just go back to hero and see if that is a and it's showing the looks like all the key levels put wall key gamma strike and hedge wall all at 130 so price is trading below those I'm gonna change this I have in my notes this from this morning to take a look at a look back a 10 minute look back period and that's not really helping now 30 minute maybe let's go back to 10 minute 10 minutes and then scroll in a bit and also have my notes puts so really you know breaking it down like this and what I'm looking at is short so remember in the key gamma strike list snowflake had that double whammy so I'm definitely bearish with the key gamma strike continuing to drop indicating that traders sentiment continues to be bearish they're looking for lower prices let's go back to hero now so I'm looking for any opportunity to enter short change that rolling window so here I see a little bit of a divergence set up and remember that that trend break lower at 125 is what I was looking at for the entry point so watching this care carefully on a shorter look back period I see that traders start selling calls so they had been buying calls and they start selling calls before price reverses lower and then it looks like it takes this block trade inputs the blue line traders buying puts and then finally price starts to drop lower let's just change this total back to the one day and overall you know for the entire day there is a you know strong correlation between options trades market maker hedging activity and price action and here is that that block trade inputs so trader traders buying puts so that's another example of how how this process can work so again looking at just looking at the key gamma strike as some kind of initial clue for your directional bias and then doing further investigation and let's just take a look at equity hub for snowflake so for the last three days key gamma strike has dropped and then today the hedge wall dropped and actually there was an increase in the put wall so overall my my directional bias was bearish based on this key gamma strike let me just show the this is what I this is what I posted this morning in chat I think around 945 is when I posted it and notice snowflake at the top of this list so there's the second indication after the market opens that you're going to be looking for a bearish entry the weak hero signal and this is what I'm looking at for snowflake and that is showing the hero signal is the weakest that it has been in the last 30 days and that is this entire range and also in the last five days and that's the colored portion and maybe that's a little bit easier to see here and Nvidia this faint gray that is the entire range and then the colored portion is the last last five days so snowflake near the top of the list only behind Shopify and I prefer to trade snowflake I'd like to trade stocks with a little bit higher price so there was another clue so again the key gamma strike list to further ingest investigation and equity hub and then after the open you see the weak signal here and at that point then you're just looking at looking at the hero line on one chart and book map on the other waiting for a short entry and oops snowflake was it again on the other computer so it's over here short entry trend break shift from green dots to pink dots and the 120 liquidity target and if you were fast you could have caught this this drop right at the open and then finally let's take a look at Tesla so I'm going to go look at and actually I do want to look at a couple of others really quickly let's go to the dashboard now that take a look at Tesla and what I want to show here is another example of when to change the look back period and notice how hero seems to have basically flatlined here and that is because the yet again is showing the cumulative effect of transactions for the for hero for the entire day and when you see something like this it's just not giving much information you can change the rolling window to a shorter look back period to provide more information and let's let's shift it down and this is pretty typical of Tesla showing a almost a one-to-one correlation between price action and options trades now I found a 10-minute look back period on Tesla is is pretty choppy all right let's go take a look at book map go to Tesla so here was the short setup in this morning worth a couple of points almost down to the 107 liquidity and then the reversal higher so there were better setups than Tesla today and I have a couple of quick guest appearance guest appearances today from a couple of stocks that I don't normally look at but I want to look at Boeing and Nike really quick so I'm shifting now this stock screener to show the entire list of stocks that supported by hero first the one I want to look at is Boeing and it has been pretty strong the last couple days and notice the weak hero signal and I guess that's compared to recent days where it's been been stronger but so Boeing's in play and traders have been in the morning they were buying calls and that was driving price higher they were selling puts to but it looks like mainly calls driving here and now let's take a look and this is on my other computer and there's Boeing so a move higher from 201 to initially about 203 50 and then prices jumped higher after the Fed comments up to the liquidity at 204 and then finally Nike and a nice move higher in Nike this morning let's go back and take a look at hero go back start off with the one-day look back period scroll down here to Nike and I'm just looking for stocks that are in the price range that I like to trade that are in play and Nike is another one in this case it looks like puts were driving so traders not doing much with with calls that's the orange line but they were selling puts this morning and prices moving higher and there's Nike nice nice move higher in the morning from around 120 50 all the way up to over 122 okay that is all I had so this morning a couple of great setups in the S&P 500 long and short and in a very news driven market and then good setups I thought in Microsoft and snowflake again in line with the thesis that that you could have developed by looking at the key gamma strike equity hub and the signal and hero and then finally hero itself and also that of course the order flow and book map so that's again that's all I have today thanks for your questions and comments and I will see you tomorrow again remember employment situation at 8 30 a.m. Eastern time so again I'll see you tomorrow thanks again bye


Stocks are shrugging off the North Korea threat, Samir Samada from Wells Fargo Investment Institute. We had a three-day sell-off last week. And now stocks are back up as if nothing happened. So what is the feeling among investors right now? You know, I think they're focused on what we want them to focus on, right? They're focused on the economy, which is doing pretty well. They're focused on earnings, which are growing again after that soft patch in 2014, 2015. And they're focused on the fact that rates and inflation still remain very low. So it's sort of the perfect storm for a bull market right now. But is the resilience of this market also due to the rise of ETS? We were talking about that earlier. The market is largely on autopilot mode. You're not seeing these, you know, day-to-day reactions to negative events like we used to. Absolutely. You know, investors are getting a little bit smarter. They're getting a little bit more rational, a little bit less emotional. And all of those things are due to the rise of things like robo-advice, due to things like ETFs. That more passive approach does allow investors to take a little bit more of a backseat type approach and let things ride as opposed to overreacting to every event. So would you advise keeping more of a cash position, especially heading into the next six weeks, which are historically pretty bad times for the markets, just to have some dry pattern in case we do get a flash crash or some sort of sell-off? You know, we wouldn't. I mean, for most of our clients, I mean, they're already over-allocated to cash. So what we would say is get that cash put to work. And if you have a well-diversified portfolio with stocks and bonds, you know, what you'll notice is those bonds actually do a much better job of kind of being that ballast in the storm as opposed to cash, which only trades sideways. So within the equity market, I mean, what does your investment thesis look like? Obviously, U.S. stocks have had a great run this year. Europe emerging markets. Are there still room for growth in certain sectors in your view? We think so. So within the U.S., we would focus on large caps as opposed to small caps, which are very expensive. We would focus on cyclical sectors, so think consumer discretionary, financials, industrials, and a little bit of a dark horse pick healthcare. And then what we would also focus on is Europe developed Asia. And then emerging market Asia, all of those are also very attractive opportunities in our opinion. All right. And then in terms of the Federal Reserve, what are their plans for the rest of the year? Because some are saying this North Korea threat could put them on hold, not only on the interest rate side, but also on the balance sheet side for this year. It'll depend on market reaction, right? I mean, if VIX stays below 15, gets all the way back down to sub-10, what the Fed will probably look at is, you know, look, markets are fine. They're not really reacting to the threat, if you will. And so, you know, they also are on autopilot, right? Which means in September, they'll announce something on the balance sheet. We'll start to roll it off. And then in December, they'll probably put one more rate hike on the board. Yeah. Well, the S&P 500 had about a 1.6% decline last week. So if today showed you anything, it was that that was a good buying opportunity. Absolutely. So that's certainly something to keep in mind. Samir Samana, thanks for joining us. Thank you, Scott.


The number of drug-able tumor-specific molecular aberrations has grown substantially in the past decade, with a significant survival benefit obtained from biomarker matching therapies in several cancer types. Molecular pathology has become fundamental not only to inform on tumor diagnosis and prognosis but also to drive therapeutic decisions in daily practice. This article was authored by Ewan Armalone, Marco Lever, Peter J. B. Sabatini, and others.