Jack Carter stood in as host today. He opened the show by highlighting how both the Dow & the S&P are at new 52 week highs, while the Nasdaq is just on the verge of crossing that threshold.
Geof Smith explained to us that the market is stuck in a range — unable to go up or down. He also revealed why despite all the turmoil in the Middle East, oil is down over 25% from its highs for the year.
Fausto Pugliese spoke about the AI and how it might replace jobs — and save companies tons of money — in the near future. He also shared with us the special way he looks at the market to spot big money orders. If you’ve ever seen a stock go up seemingly out of nowhere, chances are Fausto saw it before it happened.
Fausto Pugliese also offered to reveal to ATP viewers how he follows the big money order. For just $9, you’ll get 1 week’s access to his Live CyberGroup trading room, three daily meetings, real-time stock alerts, morning and afternoon stock watch-lists and a LIVE Q&A strategy session! Don’t miss this incredible deal. Click here to claim it now! Click here to claim your copy now!
On this week’s show: Jack Carter and Geof Smith and Fausto Pugliese.
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Show transcripts are auto-generated by computer, so they won’t be perfect.
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►Click To View This Episode's Transcript◄1 00:00:00.000 --> 00:00:01.000 Jack Carter: Right. 2 00:00:02.110 --> 00:00:04.770 Jack Carter: So we're at the top of the hour. We'll get started 3 00:00:04.870 --> 00:00:17.670 Jack Carter: and thank you for being on here. Everybody. My name is Jack Carter, and I'm your host today. I've got 2 great great people to work with and introduce you to. We got Fausto publies. 4 00:00:17.970 --> 00:00:24.780 Jack Carter: He is a day trader, expert and day trader extraordinaire. And we also have Jeff Smith. 5 00:00:25.150 --> 00:00:29.680 Jack Carter: No one knows commodities better than this guy. I tell you I learn more 6 00:00:29.800 --> 00:00:50.060 Jack Carter: about beef in 15 min from Jeff that I learned in 15 years. So we've got 2 guys completely different spectrums in the market day trading and commodities. So you know, these guys are pros. And the name of this show is, ask the pros. So type in any questions you have. In addition to the questions 7 00:00:50.310 --> 00:00:54.800 Jack Carter: that I'm gonna be asking them. Now we got a a market that is 8 00:00:55.430 --> 00:01:19.160 Jack Carter: kind of sneakily moved up on everybody. Right? We've got the Dow Jones 1 point off of being at its 52 week high. We got the S. And P. 500 SPY. That made a new 52 week high today, and we got a Qq. That's right at the verge of making another new high. So let me start off with Jeff. How do you see the markets moving into the end of the year. 9 00:01:19.410 --> 00:01:24.229 Geof Smith: Well, and I'll I'll actually say this. I don't know if you watch the dax or the euro stocks. 10 00:01:24.290 --> 00:01:31.840 Geof Smith: But the Dax has made not only a new year high, but a new all time high, and so has the euro stocks 50. 11 00:01:31.920 --> 00:01:37.569 Geof Smith: So Europe is smoking right along. One thing that's really interesting. 12 00:01:37.610 --> 00:01:53.839 Geof Smith: If you just kind of pull up a big chart on it on the spy or the S. And P. We're stuck in a range, Jack, I mean, it's not going anywhere. I mean, this thing can't go up. It can't go down. I mean, if you're on Fausto side here you can day trade the heck out of the thing. But if you're trying to catch a trend, good luck with that 13 00:01:53.840 --> 00:02:20.980 Geof Smith: no, I mean we? We've had a huge run, I mean, if you think about where we were back in No. October, we've had a huge run up. It wouldn't surprise me that this thing needs to take a breather and correct back about 3% or so. I wouldn't be surprised if going into next year and not. Maybe January into February, especially if we don't see the Smp trying to correct back down to the you know, the 44 20, the 4,400 area. 14 00:02:20.990 --> 00:02:24.859 Geof Smith: That wouldn't surprise me at all now they might 15 00:02:24.930 --> 00:02:34.349 Geof Smith: bust and that, and take off right but I don't know right now. I think it's a little bit overextended, and needs to take a breather a little bit. 16 00:02:34.380 --> 00:02:51.189 Jack Carter: That's interesting about the Dax, you know. II don't look at foreign stuff, but all I've ever heard this year is how bad Germany's economy is, and here it is. You know, they they say the stock market is not the economy, but that's just a great example of contradictory information. 17 00:02:51.240 --> 00:03:05.089 Jack Carter: Now, Foster, going into the to the end of the year, what do you see happening after we've had these kind of rallies, and we're kind of top heavy. What do you? What do you see? Going into the New Year, you know it's funny. Say, that I was just on Nasdaq with, like all these 18 00:03:05.140 --> 00:03:28.669 Fausto Pugliese: big analyst just on Wednesday. And they will they, if that was the same topic that they last. Now. So what do you expect going to the end of the year and stuff like that? It's funny. But all these economists had it all wrong last year, you know, they thought that we will go into a recession everything else. Meanwhile. What? I was on a month before, I said. You know it was big earnings week, you know, and 8% of the companies beat earnings 19 00:03:28.670 --> 00:03:42.820 Fausto Pugliese: alright. So the economist did get it wrong. Now, going into this New year. Couple of things I wanna focus on. And everyone, I think, should be be very interested in this, because, you know, I'm gonna just talk a little bit about it in the next few moments, and show you a couple of stocks on it. First of all. 20 00:03:42.840 --> 00:03:48.239 Fausto Pugliese: a lot of companies ain't given given books bonuses anymore. 21 00:03:48.370 --> 00:04:13.230 Fausto Pugliese: So that is all. That's not a really good sign. I think you you know all this have done this many years, I mean, Jacky, but you will. We always look for a bonus. We worked as a trader, so you know, there a lot of these companies are banking on AI, and without bonuses you might get a lot of layoffs going into next year. A lot of people living off credit right now, you know, they're still stuck on that Covid free money stuff, and you know they pay all their credit cards down. Now they bring up their credit cards, data that's up. 22 00:04:13.230 --> 00:04:29.270 Fausto Pugliese: And then what's happening now? I gotta pay the interest. Rates are higher. So credit card is at a all time high, and it just shopping like drunken sales right now. So then, when January comes around, you might see a lot of that happening. So the company, it's just in general what I've noticed. 23 00:04:29.270 --> 00:04:30.609 Fausto Pugliese: even with earnings. 24 00:04:30.610 --> 00:04:37.769 Fausto Pugliese: Companies will find a way how to how to win. I mean, they go out of business every 3 months, and what that means is that 25 00:04:37.900 --> 00:04:59.010 Fausto Pugliese: they have to come up, and they have to tell you how well they're doing. They'll do whatever it takes. They'll do shrinkflation. They'll raise a couple of pennies in here. They'll do whatever they can. But you know regarding about the dial and everything in the S. And P. And everything else. It's all about the fabulous. 7 of those are the ones that are really bringing up the dow as much as you see. I mean, there are a lot of stocks I can go through and show you got so destroyed, you know. 26 00:04:59.010 --> 00:05:08.500 Fausto Pugliese: But going into going to next year, I'm just gonna be a little concerned about that. And one of the things I was telling you just earlier, and I'm gonna show everybody a little bit more about it. 27 00:05:08.740 --> 00:05:23.710 Fausto Pugliese: you know I was never. You know, I've never big. Follow up cryptocurrency, crypto, bitcoin and A lot of. There's a big big announcement that's supposed to be coming out in January. Blackrock is coming out with the first etf 28 00:05:23.710 --> 00:05:52.829 Fausto Pugliese: etf for crypto. If that happens, a lot of these companies starting to rally from it, and that means there'll be Bitcoin be on the actual exchange, and you know Black Rock is a trillion dollar Hedge Fund Company. I mean the biggest in the world next to vanguard. So that's supposed to happen within the first or second week in January. If that happens, I'm gonna look into that and we'll I'm gonna show you a couple of stocks that are moving really well in the past month and a half, with due to that news that's looking to come out 29 00:05:52.830 --> 00:05:57.000 Fausto Pugliese: that lot of you guys could benefit from it because I've been. We've been trading it ever since. 30 00:05:57.280 --> 00:06:10.920 Jack Carter: Umhm. What? What about? I gotta ask you about interest rates, Jeff and Fausto, too. What do you think about? We're going to stay the same we're looking at. At a cut in the first quarter next year. What do you see happen with interest? Rates Jeff. 31 00:06:11.040 --> 00:06:21.379 Geof Smith: You know one thing that people don't look at anymore, and used to. Everybody used to try to stare at a fax machine waiting on it is the money supply, like money supply. 32 00:06:21.700 --> 00:06:26.729 Geof Smith: M. 2. Money supply and total money supply are at their lowest since the Great Depression. 33 00:06:27.140 --> 00:06:54.610 Geof Smith: Don't know if anybody's noticed that layman's terms. What does that mean to the guy on the street money supply being as low as it's ever been. Well, the the thing is is the the Federal Reserve fed funds, rates, and everything like that. They are the ones that are basically our bank. And with money supply, if it's way way way low, they don't have the funds and everything like that to spend right? 34 00:06:54.720 --> 00:07:03.079 Geof Smith: So I think that's gonna go into the banks. Not only that you think about this. If you go back to 35 00:07:03.250 --> 00:07:10.610 Geof Smith: when we actually started raising rates, what was that October of 22. Is that right? It's in there somewhere. 36 00:07:10.800 --> 00:07:17.939 Geof Smith: So we start looking at that. It takes what? About 18 months to 2 years for this a a rate 37 00:07:18.060 --> 00:07:27.689 Geof Smith: rise to filter through the whole economy. Well, that puts us into right around what? March April? Something like that. So that that's when that's gonna hit. 38 00:07:27.790 --> 00:07:30.860 Geof Smith: You got money supply low. And 39 00:07:31.000 --> 00:07:49.580 Geof Smith: all of a sudden you start thinking about, well, if that's gonna hit and they're gonna start. No cutting rates, are we gonna start going into a recession? Then? I don't know. We I mean, they've been wrong so far, just like Fausto was saying. They can't no throw a dart and be right. No, they're just awful. So I don't really 40 00:07:49.910 --> 00:08:00.100 Geof Smith: listen to the to the news. Guru people. They're just as wrong. Mark is always right. We've always said that. Watch the market. It'll tell you where it's gonna go. 41 00:08:00.140 --> 00:08:10.580 Geof Smith: but I'm kind of looking at them starting to cut rates just because I think it's gonna start weighing in. You look at the jobs. Report that we came out, you know, this week. 42 00:08:10.780 --> 00:08:21.070 Geof Smith: The the thing that got me was we? There was a jobs cut report. They still cut 45,000 jobs. Not only that with the jobs report this morning. Did you see it 43 00:08:21.110 --> 00:08:35.270 Geof Smith: had 45,000 jobs in the government was part of that number, and last month it was 65,000. Well, to me, that's a hundred 10,000 jobs in the government, not the economy. 44 00:08:35.309 --> 00:09:00.540 Geof Smith: So that's not helping out any right? So we're only really creating somewhere around 100,000 10,000 jobs. That's not very much. And you're cutting 40,000. So what's your net there? It's actually not doing too well. So I mean, I think the higher interest rates are starting to, you know, really grind into the people and into the companies, and they are kind of holding back a little bit and not really hiring that much. 45 00:09:00.770 --> 00:09:07.069 Jack Carter: Oh, Fausto, what do you think about interest rates? We gonna see a hike, a cut. What what's gonna happen in that first quarter next year. 46 00:09:07.240 --> 00:09:30.290 Fausto Pugliese: III think I don't know. After listen to someone like like I'm not, but just right like II was on this board with these people listening to them. And it's amazing when I go in the green room and talk to them. You know how they you know how they try to be politically correct, and what they can say, not say. But you know, at the end of the day, you know, Jessica, I don't think they're gonna raise interest rates anymore unless something catastrophe happens. I mean, they raise them so damn fast. 47 00:09:30.290 --> 00:09:43.010 Fausto Pugliese: you know, that really put it back. You know, a, a, a a kabash on it. And then by doing that every now so like, Oh, we talk about this recession. Yeah. Well, guess what the dow is almost is almost gonna break old time eyes. You know what I mean. 48 00:09:43.010 --> 00:09:51.799 Jack Carter: They say don't fight the fed, they say, though all my whole career 37 years, they say, don't fight the fed and fed raise rates in the markets going 49 00:09:51.800 --> 00:10:20.180 Fausto Pugliese: higher this year. So I mean, you're right. Every analyst has been wrong this year and not wrong once or twice, but wrong like all year. Some really well known people in the industry that are like, you know, the big gurus you know a. A. Some of these big brokerage firms. They all said the same thing, and that's what I kinda tell everybody what I do. It's like, you know what they're looking at on the long term. They keep looking at these indicators like these numbers, but when you look as a trader like me and Jeff, look at it! Look at it every day. 50 00:10:20.390 --> 00:10:21.650 Fausto Pugliese: You know what I mean like. 51 00:10:22.300 --> 00:10:44.739 Fausto Pugliese: II don't know about you, but I didn't see a hell a lot more short squeezes in anything that's happening. So maybe everything's getting squeezed. Everyone's doing these shorts. And then everyone's playing these options on these leaps and and they gotta cover these shorts because on those options plays that are coming in. So I don't know. Maybe it's the big, short squeeze that's going on right now that'll be. That'll really be something, you know. I read where 52 00:10:45.030 --> 00:10:52.230 Jack Carter: bury the the big short guy. He's got a big short coming out on Nvidia and Amd. And 53 00:10:52.860 --> 00:11:01.360 Fausto Pugliese: well, Amd. Just came out the news yesterday, and D did phenomenal. I wouldn't know if I would short that because Amd. Is getting. They had some. 54 00:11:01.510 --> 00:11:07.869 Fausto Pugliese: What it do yesterday had a really good move. It was up went from like 1 18 up to 1 30, almost 55 00:11:07.870 --> 00:11:32.789 Fausto Pugliese: about it. They're getting to the AI business. And I like I was telling you earlier. I think that's gonna be the biggest concern right now is that the more and more you listen what's going on. And I'll take the video, the video, also because the videos, like one of the biggest super computers out there that actually build all the AI AI chips and everything. But a lot of these companies are getting into AI business, and the more you watch and listen. There's so much you could do with AI. Even in any business, even 56 00:11:32.790 --> 00:11:44.079 Fausto Pugliese: out business, even cooking business you need. Who is that gonna do like I mentioned earlier. Why, people gonna lose their jobs, you know. And you know, the AI is, gonna replace a lot of these people. 57 00:11:44.080 --> 00:11:57.199 Fausto Pugliese: And that's that's that's what's gonna probably gonna cause one of the big catastrophes for for next year. Listen. The most expensive expense that a company has is employees, you know. 58 00:11:57.250 --> 00:12:26.609 Fausto Pugliese: insurance is ridiculous salaries. Everyone's gonna make more money, right? You know. Liability right? Who's getting sued for stupid stuff. You know what I mean? Like Eddie, what to anybody? And they're always right, you know what I mean. And so it's like, you know the hell with it. Let me just say, hey? I do do better job not to worry about it. Robots are taking over even Mcdonald's is starting to come out to make burgers. So taxes big, too, I mean, for every employee you got. You got to pay tax on that employee. 59 00:12:26.610 --> 00:12:28.720 Geof Smith: and it's about half their salary. 60 00:12:28.720 --> 00:12:41.820 Jack Carter: So it's pretty substantial. AI is a funny thing, you know, it's creeping into all corners of our life. Even my niece in eighth grade gets called into the teacher's office. Martin, know, did you really do this assignment, you know? 61 00:12:41.820 --> 00:12:51.359 Fausto Pugliese: Was it really your work? Do my homework chat. G. Ppt, do do this math for me while I go out and 62 00:12:51.360 --> 00:13:15.799 Fausto Pugliese: play video games. Yeah, it's my my kids were telling me that they were in college. That's when I found out about last year. I'm like, don't you have these reports to do and like, and that's when AI first came out Chat Gtp. Came out and they were filling out, and you go. Oh, I got an A I got an A and like someone taking 2, 3 weeks is taking them 2, 3 min to fill it out. And it's a lot better than their original work, you know, if you've got a whole kid for in eighth grade that you've been in the same school the whole time with teachers like. 63 00:13:15.800 --> 00:13:38.670 Fausto Pugliese: Wow, that's a pretty amazing project. You did. Did you really do that? Did your mom do that? What's up? I was just watching TV just this morning. It's just incredible how AI is. And that's what I'm saying. Pretty scared. What's gonna happen? Go into next year. And that's you asking my big concern about the market in general, because these companies I don't think they can get hurt. 64 00:13:38.670 --> 00:14:03.050 Fausto Pugliese: because if they could eliminate a lot of their employees, you know of expenses, and they go to AI. I mean, they just more profitable. You know what I mean. That's how it comes. But, like now, I was listening. 2 things there's companies out there for so cheap you could actually get a home decorator. AI will be a home decorator 10 times better than any home decorator. Is it AI out there now? I saw this morning you could actually the city booking a trip. 65 00:14:03.190 --> 00:14:21.359 Fausto Pugliese: and you could be so creative and tell them to listen. My wife's a Vegan. I want you to hear best restaurant here. Best time to travel my son wants to play video games this time of the day. What? Who? Who's got the best first class seat? At what time? And it'll just shoot it out for you. You know what I mean like, really. So there's a lot that 66 00:14:21.360 --> 00:14:35.489 Fausto Pugliese: you probably it was starting to realize that you're gonna have to adapt to it. But the good thing is you could trade it. Yeah, you can. Now let's go on the other end of the spectrum to a topic that's older than old can be. And, Jeff, I wanna get your take on. 67 00:14:35.520 --> 00:15:00.589 Geof Smith: you know. Last time I looked we were getting us warships. We're getting shot at over by the Houthis, and you know the the wars breaking out. Secret wars are breaking out with Syria, and all this stuff, and yet oil is doing. Ex is the opposite of what it's been doing. So what's going on with oil? Man? 68 00:15:00.590 --> 00:15:24.149 Geof Smith: The if you look at just the eia the cruddle inventories just for this year, we're actually at a surplus of about 36 million barrels now on gasoline, we're actually got a little bit of a draw of about 3 million barrels. So they're really not producing as much gasoline as they're producing oil. Another thing that you have is we're actually in the United States, amazingly enough. 69 00:15:24.210 --> 00:15:29.390 Geof Smith: producing about 13.2 million barrels a day, which is more than we ever have. 70 00:15:29.500 --> 00:15:38.859 Geof Smith: So we're we're actually producing a lot of oil. Now, remember, when we were watching know the Cl contract. That's the West Texas intermediate crew. That's not Brent 71 00:15:38.930 --> 00:15:44.370 Geof Smith: rents what they have overseas and all that stuff we have Wti here. So 72 00:15:44.430 --> 00:16:04.940 Geof Smith: this. But we actually have a a huge surplus. Not only that, but I mean, you've heard, probably time and time again, that we keep selling our oil to China. We keep selling our oil to China right? Well, China's not buying oil. Now. China slowed down enough, and they're actually worried that next year is gonna be even slower. So there's gonna be less demand. 73 00:16:05.000 --> 00:16:10.839 Geof Smith: So if you're just looking at supply demand, quite simply, demand is down 74 00:16:10.950 --> 00:16:36.509 Geof Smith: and supply is up. So you've got no cheaper oil now. And if you'll, what's really kinda interesting is, no, the Opec keeps note. Well, I'm gonna keep cutting our production. Keep cutting our production. Well, that hadn't affected crude oil any. I mean, they're just like saying, this will screw you all. I'm gonna sell this thing off anyway. Now the the one question and I haven't gotten looked yet, and I meant to do that and hadn't had time to. 75 00:16:37.270 --> 00:16:47.850 Geof Smith: The Us. Is supposed to be buying oil down here to fill the strategic oil reserve. I mean, we went down to 68 bucks, I mean. Surely they scooped some up there. I don't know, but 76 00:16:47.950 --> 00:17:15.480 Geof Smith: I wanna know if they're the ones kind of booing it up right now. I mean, they might have a whole bunch of orders out there trying to, you know, scrape up a bunch of will to fill up the reserves, and that's why we kind of bounced off that 68 and flip back up to 71 pretty quickly. That might be the case, but I haven't gone and looked so I'm not gonna say it happened or not so. There it is. But I think that's your your biggest issue right now is really a demand. Side of things demand is slowing down. 77 00:17:15.480 --> 00:17:22.149 Geof Smith: It's not because of Evs. It's just because people are. I mean, things are expensive. Inflation's expensive. You gotta eat. 78 00:17:22.339 --> 00:17:27.120 Geof Smith: you know. And if you go to the gas station. Think about it. You go to the gas station. 79 00:17:27.150 --> 00:17:48.509 Geof Smith: I haven't. It's very rare to see a pump that's not exactly at 20 bucks, or exactly at 25 bucks, or exactly at 30, cause they're going. I can put that much in. And I'm good for the week. That's what they're doing. So they're they're trying to save money somehow, just because everything's so expensive. I mean, what's really what people don't talk about. 80 00:17:48.600 --> 00:17:52.029 Geof Smith: Just think about it. I bet you your property tax went up this year. 81 00:17:52.350 --> 00:18:02.429 Geof Smith: Yeah, everything property, absolutely. So there's a higher tax right there that people are paying that quote unquote. 82 00:18:02.430 --> 00:18:24.920 Geof Smith: That's in my escrow. Well, yeah. But now you're you're paying is gonna be a whole lot higher. If you look at, go back to 2020, 2020, 2020, 2019. And look at right now. The price of housing, I mean, for the same house is almost no 40% higher, just because of the taxes and everything like that. So they're having to pay all of that on top of the food on top of everything else. 83 00:18:24.980 --> 00:18:32.900 Geof Smith: And so they're slowing down on their demand for. Note the gasoline and everything like that, so they don't have to produce as much. So 84 00:18:32.940 --> 00:18:37.830 Geof Smith: that's what you're really seeing in the price of crude right now, and I don't really see it. No 85 00:18:38.010 --> 00:19:02.590 Geof Smith: bumping up or getting and snow steaming up here at all. I mean, it wouldn't surprise me if we don't go back down and probably test, you know, 60 to 55 bucks, but that's going to be on a long term deal. We'll see what happens next year if they start selling this market off Bill. Thump crude in the head. Yeah, we drove up from Naples to North Carolina for Thanksgiving, and I couldn't help but see how gas prices were. 86 00:19:02.690 --> 00:19:23.769 Jack Carter: We saw them down 2 84 a gallon. I've I haven't seen that forever, you know, so it's just nothing's matching up. You know what I'm saying. You you read about one industry and another one and economies, and you know it's just. It's just a really conflicting time out there. But, Fausto, let me ask you this question. There's been a lot of 87 00:19:24.090 --> 00:19:30.720 Jack Carter: booming things happenin in the day. Trading world. What are you seeing in the changes in day trading these days. 88 00:19:30.860 --> 00:19:50.520 Fausto Pugliese: Well, well, what's happened like, you know, getting back to Jeff what Jeff was talking about, what led into the day trading. A lot of more people like Mary just got, you know, in the chat. Says the property taxes went up because of high value here in La county values haven't really dropped. Listen, a lot of people link a lot of people working from home. Right? So 89 00:19:50.520 --> 00:20:15.089 Fausto Pugliese: a lot of people in driving. It's another reason why supplies down. I mean, if people not spending a lot of money on gas and not going anywhere. You know what I mean. Like, like, I close my office down. I don't need, am I? Because my staff moved all over the country, you know, and then you need to have it anymore, and they'll work from home, which is easier. My son, his job requires him to work 2 days a week at home, 3 days a week. He could work from home. The, you know, like, how could he do your major company work for? Why, they doing that. 90 00:20:15.100 --> 00:20:44.430 Fausto Pugliese: you know what I mean, but they just feel, you know, safety. And whatever I think it's better. So just Covid change a lot. Another big thing. That Jeffrey didn't even mention that I noticed also is getting killed right now is gas. Boyle is getting crushed, you know. The stock system will boil etf on it. I mean cause, El Nino said that you know the El Nino is coming on the northeast is not gonna get hit with a lot with a big winter. We need more big one last year, you know, we have one really cold, you know. 91 00:20:44.430 --> 00:21:08.099 Fausto Pugliese: burst here in in New York, and that was around Christmas time. We hit bull. We hit about 10 degrees. After that we get no snow. You know what I mean, and they're expecting another one. So they're gonna get hit, you know until the supply down is there? So what I'm fine to get back to your question, Jeff, a lot more people started realize. And we're training a lot more people that started retire earlier, and you know, and they need to make supplemental link on before they were able to kinda like 92 00:21:08.290 --> 00:21:25.430 Fausto Pugliese: W. Live on what they made. And now, like, you know, Mary brought up, and how tax is going up. We're talking about that. They know they have to make some. They have to make supplemental income. And there's nothing easier than to trade today's market. So finding a big, more, more and more people between the age of 50 and 90 that 93 00:21:25.430 --> 00:21:41.639 Fausto Pugliese: or or they're getting into this. They're trying a little bit of everything, and I'll I'll teach people a little bit later. I'll I'll do a little style. I'll show you a little bit of my style, but we're getting to see more people starting to get into it and learning more about it. Because they said they got they have. They have no choice. But they gotta make supplemental income. So 94 00:21:41.640 --> 00:21:46.510 Jack Carter: that's what I've been finding a big change it. More people just getting into greeting than anything 95 00:21:46.510 --> 00:22:10.179 Jack Carter: I know. II see it all the time, too, and there's a lot of different reasons whether they want to get into day trading or directional trading, or whatever. But it's it's it's the cost of living that is really messing with people's minds and wondering, you know, constantly worrying. Am I gonna have enough money all the time? And I see it, too. You know, people want to get into day trading. Or they wanna look at different opportunities. And 96 00:22:10.570 --> 00:22:24.470 Jack Carter: there's a lot of opportunities out there, and it's good for us as educators to always bring this up and speaking on that, Jeff, tell us you know what we're yet with gold. That's not something that I follow, but I would love to 97 00:22:24.490 --> 00:22:44.730 Geof Smith: to get your take on gold, and maybe you got something that could help people out with gold. Talk about getting thumped today is gold. Yeah, gold. The down 30 bucks today the jobs report. I guess they didn't like get a whole lot, and they kind of brought down gold and silver, but it's had a pretty good run, I mean I can't 98 00:22:44.730 --> 00:22:56.270 Geof Smith: say that. No, it hadn't. I went up and made what a new all time high here just recently. So I mean, it needed to kind of correct back a little bit, which I'm kind of glad it is that way. I can kind of buy that a lower price. But 99 00:22:56.330 --> 00:23:10.470 Geof Smith: I think overall is gonna be moving higher. And I think we're probably gonna be seeing, probably gold and silver even copper. No picking up some steam here over the next, probably 6, 8 months. But 100 00:23:10.600 --> 00:23:21.040 Geof Smith: we'll kind of have to watch and wait and see how that comes along. I mean, you got a lot of people after thing is gonna double in price and tripling price, and 6 times as much. And all this stuff. 101 00:23:21.040 --> 00:23:43.760 Geof Smith: I don't know if it'll do that. I wouldn't be surprised if not, I mean over the next 4 or 5 years. We don't see 5,000 gold just because of all the crypto currencies, and they're trying to get rid of the dollar and this that, and the other gonna run to something that has value. That's the one thing gold does have. One thing I love about, you know, even gold and crude oil and stuff like that. A lot of the commodities. 102 00:23:43.760 --> 00:23:50.269 Geof Smith: I don't have to worry about who sits on a board. I don't have to worry about earnings. I don't have to worry about, you know 103 00:23:50.330 --> 00:23:58.050 Geof Smith: this person saying this or this person saying that now, granted Opec, you know people flapping their guns and move things around a little bit, but still 104 00:23:58.170 --> 00:24:23.250 Geof Smith: I don't have to know. Worry about no what, no PE ratio and all this good stuff. Heck! You just try to find the best trends you can. One thing. If if people want to learn what I'm doing with gold you can actually join me this afternoon around 30'clock and I will be talking about the the new super cycle that's probably coming in gold. 105 00:24:23.280 --> 00:24:32.720 Geof Smith: So if you want to do that, you can do that if you want to let me find if I can. No, thank you, Adam, he popped the link in there. You want to join me at 3. 106 00:24:32.720 --> 00:24:58.679 Jack Carter: You're gonna do a whole seminar on gold gonna be talking about gold at 30'clock today. Beautiful, you know, with all this debt going on in the Us. It's just almost like a natural gravitation to gold. You know, people want something safe. They don't trust the government. They don't really even trust the world anymore. And you know, that's probably kind of not not just a safe haven, but maybe a good opportunity in there as well. 107 00:24:58.920 --> 00:25:23.589 Geof Smith: Well, and the and the big thing is, I mean, you look at you know the price gold, I mean, it's hard to just go out and say I'm gonna go out and grab an ounce of gold. I mean, there's 2 grand right there, right? So I mean, people just don't go out and just buy an ounce of gold, just because there it is, or go buy a gold bar. Wow! Now, that'll cost you. I mean, there's 5,000 So what people do, they can actually leverage that by using like something like Gld. 108 00:25:24.100 --> 00:25:28.680 Geof Smith: and it still holds gold, it actually holds it in London over there. 109 00:25:28.680 --> 00:25:56.869 Geof Smith: But you can trade Gld, and you can still control gold. Actually, one share of gld is like point 0 6 5 4 ounces of gold. So it actually controls gold. So it's a cheaper way of actually doing that, if you like. Trading options. Well, that's even cheaper. Right? So. And you're an option guide, Jack. So I saw the Costco head, one ounce gold bars, I think, on sale, and they kept selling out of them. 110 00:25:56.870 --> 00:26:14.669 Geof Smith: You think that's just a little phenomena, or you think people are really thinking might need to use this. Someday. You have more banks in the world right now, S. Buying gold than you ever have before. In fact, I just saw a thing this morning. The Bank of Poland 111 00:26:14.820 --> 00:26:21.329 Geof Smith: has now bought. They bought 300 tons of gold to match their Gdp. 112 00:26:22.020 --> 00:26:41.330 Geof Smith: That's what they did, they? And they're trying to quote unquote, catch up to know the other countries in Europe and stuff like that. But 300 tons of gold. That's a lot of gold. It is a lot of gold that's just one country, I mean Poland, of all places. Did you ever hold? Do you ever hold a block of gold before. 113 00:26:41.550 --> 00:27:07.889 Fausto Pugliese: can you? It is I did. I actually did. I have actually a picture of it. I think I have it on our website. Or that's how actually, on my Instagram I was in. II was actually with with Tom, with with Tom Busby. We were in Canada, and the the the Canadian Exchange was there. And these guys had machine guns. They let you touch the gold bar back. Then Google was at 114 00:27:07.890 --> 00:27:13.189 Geof Smith: $800. So that was about worth like 800,000, and you picked it up. I have a picture of it. 115 00:27:13.640 --> 00:27:37.890 Fausto Pugliese: Jeff. It was so damn heavy like 50. It's like weighing like 50 pounds. This big. I'm like what the I mean. If anyone ever bought, you know, take a quarter. If you see a go a gold coin if you could feel the difference. Bar. But yeah, no, it's hard to steal. What was that movie with Charles Borg? 9. And all those dudes still all that gold. 116 00:27:37.900 --> 00:27:56.190 Geof Smith: and it was too heavy. Well, you know, in this, in a the thing about that's cool about gold. You can take an ounce of gold and smash it out into a one square yard. Translucent sheet. It's very, very malleable. 117 00:27:56.250 --> 00:28:18.419 Geof Smith: and, in fact, if you look at like the oil wells and oil rigs out there in in the Gulf, and stuff like that. They would love to have gold fittings on everything, because it can't be eroded by anything. The thing is that'd be really expensive and everybody be down there stealing it. So they're not gonna do that. But yeah, but it is a. It's a awesome metal. 118 00:28:18.500 --> 00:28:20.059 Jack Carter: Yeah, it sure is. 119 00:28:20.420 --> 00:28:35.210 Jack Carter: You know the there's a lot of digging for gold in the day. Trading world, too, man, there's a gold mine hidden in day trading so file. Still, tell us. What do you got? We got a lot of benefits to day trading. What can you share with the viewers out there about 120 00:28:35.210 --> 00:29:00.150 Fausto Pugliese: maybe, how how they could get into it, and why they might want to do it. Sure. Let me let me share my Powerpoint, so we could see it. And if anyone has any questions, let me just go over a couple of things and tell you what the art of actual day trading is all about. So the big thing that I kind of focus on and if anyone told me on Nasdaq this past week. The main thing I talk about is just following big block orders. And you know regarding about the indicators and everything else. 121 00:29:00.150 --> 00:29:22.840 Fausto Pugliese: I mean, it's focusing on the past. I wanna tell you a little bit about how to actually use some of these basic, inexpensive tools that you could use it towards anything. So let's go look at something really quick right now. So I was talking earlier about Bitcoin, right? And what happens. So this is stock that we've been trading and I'm waiting on the news. What's gonna happen with this? It with this etf. 122 00:29:22.850 --> 00:29:39.660 Fausto Pugliese: and let's look at coinbase really quick now, Coinbase, just to show you what's going on right here. The stock just living in the beginning November, less than a month ago, had a lot of support level around $70. Look at it! Look at the stock at, ran. It ran from only from 70 all way to 1 50. Okay, like that 123 00:29:39.700 --> 00:29:52.190 Fausto Pugliese: now, it's obviously driven by news. But like, how does the stock go up so fast and so much like who's running it up? These are little things I want to basically cover. Or another thing I want to point out 124 00:29:52.350 --> 00:29:56.649 Fausto Pugliese: is maybe a branding stock that everyone's looking at, because now, while we peeking out, or 125 00:29:56.720 --> 00:30:00.719 Fausto Pugliese: you know, or everything. Let me let me show you what's going on here. So 126 00:30:01.770 --> 00:30:22.890 Fausto Pugliese: apple, okay, big, big big resistance levels at 1 95, right stock. 195 came all the way back down. I want to show you something really cool about apple. Okay? Cause this is what I'm gonna show you. Next. You see, it's right here. It's called Level 4 alright. And if you look right here, it's just big red line right here. I'm gonna move this over. And I want you. Look right here. 127 00:30:22.930 --> 00:30:24.950 Fausto Pugliese: You see that number right down the right 128 00:30:25.140 --> 00:30:51.550 Fausto Pugliese: right where it says, Cov, that's a 389,000 share sellers been out there since 9 30. You know what just happened. He just got executed, and what happens when you know much money. That is right. There, that's close to about like, I don't know about 80 70 million dollars worth of stock. Okay. Not only was there today. If I go back. He was there yesterday further, probably go back 2 days. 129 00:30:51.690 --> 00:31:10.390 Fausto Pugliese: But come back to it. 130 00:31:10.700 --> 00:31:35.880 Fausto Pugliese: Powerpoint, right here and show you what we got going on, and how we utilize these tools. So just to let you know a little bit about about how this everything, how it began about me. I've been doing this about 30 years. I love teaching people like you how to trade. A lot of you are all pretty much the same age that I hear. And you know you could see it, that being, you know, to trade today's markets just gotta know how to play the game of trading. Nothing really has changed other than 131 00:31:35.880 --> 00:31:56.909 Fausto Pugliese: you don't gonna be licensed anymore. You're gonna come to New York or whatever it is. But you do have to surround yourself with a good supporting staff of traders to work with, and you gotta learn how to trade it. And, by the way, when I'm done, I'm gonna give everybody access to my book when I'm finished here. Alright, so you all could have it. Try to be market makers at their own game. Now, let me just show you a couple of things that we traded 132 00:31:56.910 --> 00:32:10.640 Fausto Pugliese: and how we find these stocks that are moving. Now, as a trader, we don't really care what we trade. Okay, we just our goal is, we try to risk the least amount of money with the high amount of reward. There are a lot of things that are moving in today's markets. Where would 133 00:32:10.640 --> 00:32:37.349 Fausto Pugliese: we? We don't give out newsletters or anything else. We'll just teach you how to just go through the big percentage gainers and losers and just find out which one out of all of them are, gonna give you the least amount of risk with the high amount reward, I mean, just the other day we would trade the stock vvos. It was a 300% on the day traded 39 million shares. Now the question is is gonna go higher is gonna go lower. I mean, there are a lot of them out there that are moving now. But I'm gonna show you in the next couple of slides. 134 00:32:37.350 --> 00:32:46.269 Fausto Pugliese: How do we know they're gonna continue to go higher? Who's running them up? Who are these algorithms, these high frequency trades, because that's what they traders look for 135 00:32:46.480 --> 00:33:10.920 Fausto Pugliese: now to do that it all leads into one other thing. Timing during the day. Trading is not a full time job just to let everybody know. Because, listen me, Jeff. You know Jack and everyone here and Tom, we're we. There's only certain good times to trade with markets open and markets closed. Usually the first hour of the open, the last hour of the close are pretty much the best times to trade. We do do some trading in the pre market. 136 00:33:11.110 --> 00:33:28.489 Fausto Pugliese: Very rarely would trade after hours, maybe due to some earnings or stuff like that, but it's always nice to go into a market when this going to Marco, people still trading than going to market where people going home. So that's why pre-markets a little bit better than after market, but usually the first hour in the last hour is a lot of action. 137 00:33:28.490 --> 00:33:49.159 Fausto Pugliese: Now finding these stocks is not, is is really the easy part. What you really want to look for, and what really matters is where the buyers and sellers are located. So these are really the 4 main windows that you really need to have on your execution system. Now, I know if I ask everyone really quick here, you're probably gonna say, Oh, I have 2 of those. Okay. 138 00:33:49.160 --> 00:33:54.749 Fausto Pugliese: which is the scanner and the chart. But some of you don't have something that's called level 3 and level 4 quotes. 139 00:33:54.790 --> 00:34:08.979 Fausto Pugliese: and I'm gonna go over in detail about it. What they are, why, it's so important, and how everybody here could use it right now and and and use towards your trading. And it's not that hard to do. So let's start off with Nas, that book viewer. 140 00:34:09.100 --> 00:34:13.819 Fausto Pugliese: So basically, I'm gonna give you my email, you guys, if you want it. 141 00:34:13.940 --> 00:34:33.859 Fausto Pugliese: it's $15 a month. You get it right through Nasdaq, maybe brokerage firm walkers to you. And I'm not here to make you go blow $15 for nothing. But I want to show you how value of a tool this could help you become a very good trader, so let me just get my crayons out here really quick, so like drawing. And oh, there's my little spotter! And 142 00:34:34.010 --> 00:34:37.579 Fausto Pugliese: they changed a couple of things here with this. Oh, there we go, all right. 143 00:34:38.050 --> 00:34:42.260 Fausto Pugliese: Here we go alright. So right here these are your buyers. 144 00:34:43.409 --> 00:35:00.960 Fausto Pugliese: and these are your sellers. So you have 3 columns. Okay, what you're looking at is a seat on the exchange. You are seeing every single person around the entire world that tra that trading, this, any specific stock you're looking at, and what you're seeing is whoever wants to buy for the most amount of money is up on top. 145 00:35:00.960 --> 00:35:21.450 Fausto Pugliese: Whoever wants to buy for less monies down at the bottom. It's telling you how many orders there are, how many shares are looking to buy and at what price. So the thing that why people get a little confused about this is because they see a lot of orders so like well, it moves too fast? Or how do I know which ones which which ones that will? Only 146 00:35:21.580 --> 00:35:37.349 Fausto Pugliese: 95% of what you're seeing here is is not necessary. There's only 5% you need to focus on. And the focusing on what I'm gonna show you is these big big orders. Okay, that's we're gonna focus on. So just be, just follow along and just be let me just clear this out 147 00:35:38.000 --> 00:35:46.690 Fausto Pugliese: and let me show you what I'm talking about. So let's talk about support levels. Okay, now, what makes a support level 148 00:35:46.850 --> 00:36:06.159 Fausto Pugliese: support levels don't exist. All the traders, unless you have buyers out there. Okay, you see, support levels get broken all the time. So what you have right here is we're looking at a stock at Apple, and you see the stock is going down. And all of a sudden it decides to stop right here at $184. Now, why did it stop there? 149 00:36:06.180 --> 00:36:30.229 Fausto Pugliese: What made it stop at that number. Well, the reason why is, there must have been some buyers somewhere around the world that wanted to buy a lot of it. And because that's a pretty fast drop in about 30 min. Well, if you look over here on the Exchange, and you go to the Nasdaq Exchange, you'll notice that right around here around 1 84, 25. There's a 51,000 share seller, just like 150 00:36:30.590 --> 00:36:43.110 Fausto Pugliese: when I showed you this one which I'm going to show you next with that big seller out there. Right here is a live version of apple trading on Nasdaq exchange. 151 00:36:43.140 --> 00:36:53.550 Fausto Pugliese: Now that big iceberg order I showed you he's not there anymore. Okay, he's on the level 4, which we're gonna show you next. But the point I'm getting to is 152 00:36:53.700 --> 00:36:56.720 Fausto Pugliese: buyers and sellers get executed all the time. 153 00:36:56.750 --> 00:37:26.470 Fausto Pugliese: but sometimes they don't, and in this case he wasn't. So if you're owning a stock and it's going down. And you wanna know if where it's gonna plateau or where it's gonna stop going lower. This is a tool that's gonna help you do that. The same thing goes when a stock goes higher. Here you have. We're looking at game. Stop! You train this stock. The other day it was had a really nice good run, but the question is, when do you take a profit? And you could see right here stock went from 15 shot up to 1750, and 154 00:37:26.470 --> 00:37:34.060 Fausto Pugliese: which within a couple of hours, which is a really nice profit if you own 1,000 shares of that, you know. But even if you own half that 155 00:37:34.130 --> 00:37:39.999 Fausto Pugliese: is a nice profit, but you could have lost it all if you didn't. Weren't aware that. 156 00:37:40.200 --> 00:37:54.629 Fausto Pugliese: added the sellers. There was a 52,000 share seller at 1750. Now you have to understand their sellers at every single price, 5,000. 21,000. But when you start seeing a bigger block, which we call an iceberg order at 52. 157 00:37:54.990 --> 00:38:22.199 Fausto Pugliese: That's when you gotta be worried. Okay, and you all have to ask yourself question. How much better and smarter trades you have made. If you were able to see those big iceberg orders. Okay? Cause how many shares are? Some of you are trading couple of 100, a couple of 1,000. Imagine knowing where the 50, the 100, the half a million share orders are out there, knowing where is Black Rock? Where is Goldman Sachs? Where is the institution. Where are they? Well, you have it right in front of you 158 00:38:22.210 --> 00:38:23.220 Fausto Pugliese: now. 159 00:38:23.490 --> 00:38:48.109 Fausto Pugliese: Jack knows this as well as I do, cause he's been trading as long been around and did the same way. When I first started I had to pay a thousand dollars a month for this data. Now try to imagine. Tell a 22 year old to come out with it for $15 you wouldn't want to spend to see where all the orders of every stock that you're in. I mean, what's the worst thing could happen. It tells you the truth. You know what I mean. So let's look at some examples that we traded this week. Okay, so let's look at a firm again. 160 00:38:48.380 --> 00:38:54.410 Fausto Pugliese: because the firm's actually, it's been a pretty good stock. It's even today. It's still moving pretty nicely. But what's driving it up? 161 00:38:54.420 --> 00:39:15.279 Fausto Pugliese: Which driving it up is buyers. Okay? And if you look here at a firm, you'll see that there are buyers, hundreds, 200 chairs, 100 chairs, 200. But the buyers are what make these stocks go up when you find a 27,000 shares. Now you might look at it. Say, well, 1,000. You just show me a big iceberg. Order an apple for 500,000. 162 00:39:15.430 --> 00:39:16.450 Fausto Pugliese: Yeah. But 163 00:39:16.810 --> 00:39:40.780 Fausto Pugliese: when everyone else here, showing a hundred 27,000 is about 200 times more the average trader out there. So every stock is different, you know. So you have to look at it that way, and by knowing that when a stock goes, continue to go up and it comes back down, you wanna know why it's bouncing off those support levels and how it's making those resistance levels like right here, it's because of those big orders out there. 164 00:39:40.960 --> 00:40:00.109 Fausto Pugliese: Now, the same thing goes for another stock. We traded today this past week's been doing really well. Robin Hood. Robin Hood had a really nice move and you could see here it got hold in. It got out it got gapped higher, and the big thing of being a very good trader is 165 00:40:00.370 --> 00:40:14.869 Fausto Pugliese: how to have the game plan and know your entries and exits. And when you look over here and look at the Nasdaq book viewer, you could see, okay, well, where are the big sellers out there? Because there's always something that's called program trading 166 00:40:15.180 --> 00:40:39.229 Fausto Pugliese: program. Trading means where the computers have their orders defaulted to sell and put that orders out there. They have these algorithms, and nowhere where most of their orders of they own a specific stock at. And they're not gonna wait for somebody like Fausto or me or Jack or Jeff to do it for them. So these systems do it automatically for them. So you could see these orders out there. Cause. Remember, they're trading this 20,000 stocks out there. They're trading. 167 00:40:39.230 --> 00:40:54.280 Fausto Pugliese: they own stocks and everything. So the systems are already out there defaulted to sell, and by knowing that that order was out there, and if you didn't have that game plan, and if you didn't see that on the Nasdaq book viewer, you can convert a nice little winner 168 00:40:54.670 --> 00:40:58.139 Fausto Pugliese: to a bad loser, and that's what you don't want to do 169 00:40:58.330 --> 00:41:15.320 Fausto Pugliese: so. And it's all about not looking and counting the candlesticks and saying, Oh, we got greens and reds and 5 greens and blue has nothing to do with. It has to do about that 34,000 sure cellos out there that no one executed that drove it down. Because what ends up happening is this. 170 00:41:15.530 --> 00:41:17.749 Fausto Pugliese: if that cellar doesn't get executed 171 00:41:18.080 --> 00:41:24.519 Fausto Pugliese: because that's what's called a limit order? Well, there's 2 ways of of getting an order executed limit 172 00:41:24.700 --> 00:41:30.089 Fausto Pugliese: and market. So right now he's got a limit, and if no one buys it to him, is on one way out 173 00:41:30.350 --> 00:41:45.919 Fausto Pugliese: he could hit well market order. What does a market order do? It hits all the buyers on the bid, and he's probably the guy to drive in the stock down. That's why it is so important. Now, that's my email address. If anyone here I'd rather not send it you where to buy it, because 174 00:41:46.060 --> 00:41:54.230 Fausto Pugliese: I want to give you a video so you could know how to use the defaults on it. And show you how to how to lay it out, because 175 00:41:54.680 --> 00:41:56.699 Fausto Pugliese: this is what it looks like. 176 00:41:57.710 --> 00:42:05.250 Fausto Pugliese: and if I take out aggregate and you start seeing this, and if you don't know how to add the filters. 177 00:42:05.680 --> 00:42:09.269 Fausto Pugliese: You know how that works. You're gonna see all this. 178 00:42:09.450 --> 00:42:13.990 Fausto Pugliese: And if you have all these columns checked off and don't know which one is which 179 00:42:14.380 --> 00:42:35.250 Fausto Pugliese: you're gonna see this. You know what I'm saying. So there's more to it than just going and buying it. You need somebody to show you how to use. Look, what a difference! We go from one thing to the other. You know what I mean. So you know, like I said, everyone here could value it. It's cheap. It's right from the Exchange. It's not the Fausto Indicator, whatever you want right to, Nasdaq. But let me show you how it works. 180 00:42:35.320 --> 00:43:00.610 Fausto Pugliese: Now, let me just hop into level 4, because I don't have too much time. And by the way, I'm gonna give everybody access to watch all this stuff. How to do it. Let's talk about level 4. Now, level 4 is a little bit more of a heat map. I know Jeff always gets a kick out, but I always come to onsite. He's like he's the first guy in the front row. He loves this cause. You could use for futures. Okay? And you could use also for Crypto. You could use it. For you know, it's it. 181 00:43:00.610 --> 00:43:25.610 Fausto Pugliese: Basically, that date is available for you. So shocking. It's shocking that that you can even get that. I you know you wouldn't you? Once you see that you would never wanna try to day trade without that, but just having that, that looks like an unfair advantage to me it really is. But the thing is, you could also use it for options and swing trading and all that stuff and and once again, it's not an indicator. It's a software 182 00:43:25.610 --> 00:43:38.280 Fausto Pugliese: that is just off the orders that are out there in the Exchange. So here we're looking at like a firm. It's coming down to a big drop. And what happens? What's nice about this one is that all of a sudden order shows up. 183 00:43:38.280 --> 00:44:02.690 Fausto Pugliese: And you see this little red line, it's basically tracking it, you know, as as as pre pretty much how a chart works, and all of a sudden, boom! You get a 50,000 share buyer out there, and you're wondering like, how did the stock make such a big client, you know most, because that order showed up, and you could see it when he showed up he canceled his order. And how do we know we cancel because he's not there anymore, and he's probably the person that ran it ran it up 184 00:44:02.800 --> 00:44:06.090 Fausto Pugliese: the same thing with game. Stop! Let's go back and look at that one 185 00:44:06.140 --> 00:44:34.339 Fausto Pugliese: game. Stop! Stop slowing up. You could see that there was this big order out there for 34,000. The color got a little bit darker, which means that somebody kept adding to that order, okay, and but the chart will tell you that the chart tells you we got. I don't know. Maybe you use both legs and bad flags, double top, triple dial bottom. I don't know whatever you told use, but all of a sudden it got to that big seller out there at 34,000 and boom! We went from 1750. Now we're down to 1,650. 186 00:44:34.580 --> 00:44:50.200 Fausto Pugliese: So that's how all this stuff happens, you know. Now let me let me go back to Apple. Okay? Because Apple's the same thing. Look at that big cell. Oh, actually, I got over here. Hold on, time out. Do I have it here? Yeah, here's Apple. This was yesterday. 187 00:44:50.200 --> 00:45:10.020 Fausto Pugliese: Okay, this is this image for me, she says. December seventh or December eighth, to show you this is not like a fake photo. Right here is pre-market. This guy was out here. Not one guy could be everyone around the world. There was literally a half a million shares. It didn't wanna break it. No one. It just. And you should know that if you knew that 188 00:45:10.020 --> 00:45:22.770 Fausto Pugliese: you could have sold at a 1 95, and you could have shorted it and covered at 1 94 and short it again. You could trade it all day. That's day trading to meet dollar in dollar out, dollar in dollar out, dollar out. Now what ends up happening. 189 00:45:23.170 --> 00:45:35.300 Fausto Pugliese: When you look at an indicator, you're not gonna see that you're not gonna see that an Rsi, you're not gonna see that in a bowl of your van. You're not gonna see that in the Macd. You're only gonna see it here and now. 190 00:45:35.570 --> 00:45:42.010 Fausto Pugliese: fast forwarding until today. That seller came back again this morning. 191 00:45:42.370 --> 00:46:01.829 Fausto Pugliese: and guess what. At 100'clock this morning, when it was at 1, 1 93 80, it went up to him, and it came right back down to 1 94. It came up to him. Came back down 1 94. But you notice, you see, these green balls? That's time and sales those orders got executed. Finally he kept selling it to buy, you know someone bought it. 192 00:46:02.020 --> 00:46:03.630 Fausto Pugliese: And now you wonder like. 193 00:46:03.640 --> 00:46:22.819 Fausto Pugliese: Wait a minute. It's been stuck here. 1 95 forever has again passed now, because that half a million share order, which is almost a hundred 1 million dollars worth of stock got executed. So remember how to stocks go up and down, everyone buying and selling supply and demand. And you could apply this towards anything that you trade. 194 00:46:22.930 --> 00:46:48.190 Fausto Pugliese: Now, if anyone here wants to learn more about it. What I want to show everyone is I want to give. Take the time to give you guys a week to be in the trading room and actually see how this stuff works. This is why Cybertrtry University has been endorsed by some of the biggest brokerage firms in the industry. Be doing this for 30 years. I love what I do. I got a 5 star rating on Google, because of it. And the thing you have to understand is that a lot of you here don't take this to Brad way, but 195 00:46:48.280 --> 00:47:12.789 Fausto Pugliese: you don't know if you're really qualified to trade unless you just if you just can't even follow the order. So instead of starting to go out there and making these big investments in these stocks, you know, cause the last thing I want to see some of you is get stuck in these positions. You don't wanna do that. You gotta understand. You know how the game you get being played. So what I wanna do is I wanna invite you all to the trading room. I want you to visit and see all our traders. We're we're there live all day long. 196 00:47:12.980 --> 00:47:37.750 Fausto Pugliese: We do live commentary from 9 Am. In the morning, Eastern to about 1030, and then we continue commentary till 2, 30 or 4. Just want to show you really quick. Here's all our live traders right now. They're looking at a stock co-id. There's no audio going on right now. But you could see all the instruct. All the traders are here on the left, all the chatting. These are all that you know right now and but we'll do live audio 197 00:47:37.980 --> 00:47:51.390 Fausto Pugliese: like, I said, at the most volatile times. The market. Now all you have to do is if you have a phone you could scan that QR code right now, or you can go into the website, CTO phone slash trial. 198 00:47:51.400 --> 00:48:03.370 Fausto Pugliese: And basically what you're gonna get is this for one week? You're gonna get some workshops. I'm gonna show you how to set up your book, viewer your your book map book viewer. We're gonna give you 199 00:48:03.370 --> 00:48:31.940 Fausto Pugliese: access to train for one whole week and all it's gonna cost you is 9 bucks, that's it. And then you know what, after one week, if it's not your style, we'll give you $9 back. Honestly, I don't need your $9. The $9 just tells me if you're a real person or not. You know, cause there's a lot of people that will wanna come in here. But we're looking for serious traders. And we're not gonna bill you after a week, or whatever it's just, it's just basically an application fee to let you know if you're re. If you're a real person, and last, but not least. 200 00:48:31.940 --> 00:48:56.909 Fausto Pugliese: anyone that does register. Now, if you do register, I will actually give you a free coaching class. You'll talk to me personally. We'll have that conversation because I want to get to know a little bit about you and see if this is, something will be a good fit for all of us. So before you make a really big investment into your time and your training and your training will take that conversation sometime after, while you're in the room. Alright now, does anyone have any questions? 201 00:48:57.300 --> 00:49:02.749 Jack Carter: Yeah. We had one question from Cyrus's Fausto. Could you talk about gaps. 202 00:49:02.870 --> 00:49:06.980 Jack Carter: why they happen. And is there a way to predict a gap? 203 00:49:07.170 --> 00:49:19.250 Fausto Pugliese: So we had a stock that we traded this past couple of day this. Just a couple of days, I think, was today. I think it was where was it? Hold on, so let me say, to find a gap fill that we had. 204 00:49:19.600 --> 00:49:47.759 Fausto Pugliese: We have one stock that had a gap fill this morning. Was it? Altl, this one? Yeah, let's tell them what a gap fill is, yeah. Okay. So this is like a gap fill right here. So you see, there's a gap right here. Okay, so what happened here was, there was big resistance in Alt. This stock. We've been trading it since back in November was at $2 and 50 cents. It ran up to a high around. 8. What happened is there is a gap fill with. That means it's an uncharted territory. So that means that nobody owns this stock 205 00:49:47.930 --> 00:49:58.689 Fausto Pugliese: at that price. And that's how you get these big breakouts. You wonder like my God! Had the stock just take off out of nowhere it it was having this hard time breaking it because because you had 206 00:49:58.900 --> 00:50:14.229 Fausto Pugliese: this order out there for 150 th, you know, for half a million shares. And then, because there is. There was no volume that was ever traded at that price, because it opened at one price and closed at another. 207 00:50:14.230 --> 00:50:35.320 Fausto Pugliese: It's what we call uncharted area. No, he owns it, and that's how Gap fill happens. And that's how you get these big spikes in the market. But but that happens once in a while. I won't be so concerned about it, you know, worried about it. I mean, we get excited when we see it, because we're in it like, oh, we got a gap, bill. That means gonna fill in the gap and they run, but they do come time to time, and it also very profitable. 208 00:50:35.550 --> 00:50:44.480 Fausto Pugliese: Alright ray has a question here. Do you know if bookmaps subscription to think or swim at level 3? Yes, so, Ray, actually, I have 209 00:50:44.480 --> 00:51:09.259 Fausto Pugliese: probably the most popular video on on Thinkorswim is the bookmap video that I made, and you could still get it on, think or swim. But once again before you go out there and subscribe to these things and stay the $5,000 monthly feel it's $15. Just take pay 9 now, and let's go through that first, so we could show you how to set it up before you go out there and do it. Listen. The worst thing anybody here could do, and I think everyone here is being a parent 210 00:51:09.260 --> 00:51:17.100 Fausto Pugliese: would never give the keys to the car to their kid if you didn't teach him how to drive, you know. Let us show you how to do it, because you're kind of getting the keys to that coffin. 211 00:51:17.100 --> 00:51:29.200 Fausto Pugliese: Trading is a big failure rate. That's why we love being educators and we love training you. But you know, you gotta learn before you turn doing that stuff. But you wouldn't even want to think about day trading. I mean, it's a it's a great 212 00:51:29.350 --> 00:51:40.129 Jack Carter: activity. It's a great way to make money. It's a great opportunity right now, but you would not want to do that unless you can see everything. And I think what Fausto just showed us here is 213 00:51:40.360 --> 00:51:46.440 Jack Carter: proof. You don't wanna do this unless you got the right team behind you, and for 9 bucks risk free. 214 00:51:46.540 --> 00:52:12.530 Jack Carter: let him do it for you. You got all the instructors that work at CTO. We got John Rich. Josh, Alex. Greg, Greg, you got all these great people that love working for CTO wanna help you out and make sure you make the right decision? Because and it's not just day trading. We do swing trading. We do some options trading, but I always tell everybody 215 00:52:12.530 --> 00:52:17.089 Fausto Pugliese: you wanna be good at that. You gotta know what's happening over the course of the day, because it trickles into that. 216 00:52:17.090 --> 00:52:23.010 Fausto Pugliese: you know. And that's how you learn like, hey? You know what this stock looks like. It is a good option straight. Maybe I will 217 00:52:23.010 --> 00:52:49.079 Jack Carter: do an option, but you won't know that unless you know what's happening over the course of the day, because this is pretty much black and white, and most traders on the on the street are pretty much day traders, you know, and it's only $9. So go kick the tires, please. One of the things I tell people is W. When I was doing it I did have to do it all day long when I was a market maker. 218 00:52:49.080 --> 00:52:55.900 Jack Carter: and that's exhausting. But when you don't have to, you can pick your time. So you know, I think that first hour it's, you know. 219 00:52:56.090 --> 00:53:06.169 Jack Carter: amateurs control the open and professionals close. Run the close so you don't have to do it all day, you know. Oh, check that out! That's that 220 00:53:06.460 --> 00:53:28.940 Fausto Pugliese: west coast, East Coast overseas. There's always a good time to trade. 221 00:53:28.940 --> 00:53:50.029 Fausto Pugliese: But and and you're gonna do it all day. Some people are in there. I don't know. Once a week you know what I mean. Like, we're outraged, wanna enjoy life. You don't always sit there, you know, pitting buttons and pig. I'm not. Listen. My kids play video games. I sometimes 30'clock in the morning from school. I'm like, how do you guys do it? But that's how we were, Jack, and trading. You don't have to do that anymore. 222 00:53:50.030 --> 00:54:13.009 Fausto Pugliese: Younger. I was a lot younger. I had it in me. II don't have it in me now to sit there and stare at the screen all day, and you know what's crazy, Jack. When you and I traded back, then people will realize this. And and, Jeff, you would know this, too. We used to pay $2025 a ticket just to get in a trade. And then we had fractions. So a spread wasn't even a penny. 223 00:54:13.010 --> 00:54:35.660 Jack Carter: It was like $125 eights and quarters had a and people still can't make money today, even at free tickets. You know what I mean. So something's wrong. A lot has changed to the benefit of the trader that people don't realize you had those clearing charges, which is what was the $20 a ticket, or whatever 224 00:54:35.680 --> 00:54:48.529 Jack Carter: you know. And then, and then you had all these other fees on there, and you had it trading in eights or quarters, or 3 eights, or a sixteenth. You know those fractions. You don't have that anymore. But what you have 225 00:54:48.690 --> 00:54:51.940 Jack Carter: that really helps people is you have an 226 00:54:52.170 --> 00:55:13.050 Jack Carter: expert like yourself, and you have technology that gives them a huge edge. And that's probably having you as a mentor is priceless and having this technology same thing priceless. So spend 9 bucks find out if day trading is for you, and don't forget. At 30'clock we got Jeff doin his gold 227 00:55:13.180 --> 00:55:36.350 Jack Carter: seminar. So that's that's your full day. Right there. Go to ctu.co forward, slash trial. Get in there for 9 bucks, then, plan on meeting again with Jeff at 3. I know I can't wait for that gold. There's a there's gonna be some great opportunities in there. So fire off any questions you got for these guys before we wrap up. And any comments you guys wanna make 228 00:55:36.790 --> 00:55:59.549 Fausto Pugliese: yeah, any questions. I'll read it. But, Jeff, I'm also looking on goal to, because I've been holding gold like 5 6 years. I wrote a thing down. I had it like 1,300 wrote down 1,000. I'm I'm very impressed by goal right now, because it's just like a trading. It's been holding there really strong for a while of a 2,000. So I do see a breakout that probably could happen. It's called consolidation. It's happening, so the longer it's been trading there the better it is. 229 00:55:59.550 --> 00:56:08.100 Fausto Pugliese: But if it breaks that kryptonite II could agree with you. I hope II think you're right, especially with inflation and everybody else. Ray's question here is, 230 00:56:08.100 --> 00:56:19.770 Fausto Pugliese: Does the one week then signed up for a year course learned so much from 1,000 and his team sadly. They training is not for me, but the education is worth it. The fact that they train do well listen. You know what 231 00:56:20.050 --> 00:56:43.969 Fausto Pugliese: you start. That's why we always telling you people just do the trial. And then, before you start worrying about signing up for something for a long term effect, because it might not be for you. We. We train a lot of people in all different schools, and we always prefer you take other courses, someone else, and you should learn a little bit from everybody like you should be taking Jeff's class. You should be listening to Jack's course. You just listen to Tom's course. You know it's you gotta make sure it's your style. But you know what 232 00:56:44.260 --> 00:56:50.600 Fausto Pugliese: you don't want anybody working for free for you, and you want someone to take the time that's going to talk to you and do it 233 00:56:50.600 --> 00:57:15.189 Fausto Pugliese: and see if it's something for you like you wanna get surgery without talking to the doctor first. Right? Give me my diagnosis. Yeah, exactly. Yeah. To talk, to talk to the, to talk to the the the front office girl, the girl at the desk. She'll tell you. That's the one I wanna sign up with right, hey? I'm on with Lance at 10'clock, so I gotta wrap it up. But 234 00:57:15.480 --> 00:57:29.029 Fausto Pugliese: any closing comments you want to share with our audience, I'm sure they'd love it. Yeah. Well, like everyone has said, thank you for coming, and thanks for having me have a happy holidays. Merry Christmas and Happy New Year 235 00:57:29.190 --> 00:57:39.830 Jack Carter: right on alright happy holidays. Everybody. Okay. Thank you for being on here, guys, I appreciate it, and hopefully, I'll talk to you soon. Thanks for being on everybody. I'm coming on with Lance. 236 00:57:42.020 --> 00:57:43.309 Geof Smith: Have a good nobody out.