Tom Busby talks Gold. He’s bullish on the shiny metal, having just made a hefty 34% on an overnight trade — and he says it’s just the beginning. Keep your eyes peeled for more bullish action from this precious metal.
Fausto Pugliese tells us why you’ve likely been trading completely blind. There’s one specific tool he recommends and it’s accessible to nearly everyone.
Roger Scott talks momentum levels and tells us why now is the time to get greedy. He shares 2 specific plays based on seasonality with nearly 20 years of data behind them.
Fausto Pugliese makes an offer you need to take advantage of immediately: If you’ve been trading without seeing buyers and sellers and the exact orders they have in the market, you’ve been trading blind. Fix that immediately with Fausto’s FREE 1 Day Trial Offer.
On this week’s show: Roger Scott, Tom Busby, and Fausto Pugliese.
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►Click To View This Episode's Transcript◄1 00:00:00.000 --> 00:00:01.600 Roger Scott: Here, you guys see? 2 00:00:02.370 --> 00:00:04.180 Roger Scott: Good. Good. Well. 3 00:00:04.460 --> 00:00:15.060 Roger Scott: yeah, is that it? Volume? Good there for Roger? So sorry my Mike was like away from me. I apologize. Hey, Foster! Hey, Celeste, hey? Tiva! Sorry i'll try that again. 4 00:00:15.280 --> 00:00:16.379 Fausto Pugliese: You see, Roger. 5 00:00:16.840 --> 00:00:27.740 Celeste Lindman: it's good. Well, hey, let's get started. It's the top of the hour. We got a lot to cover, you know. Just a few topics, you know all the inflation consumer sentiment. Oh, my goodness! That announcement coming next week. Can't wait for that. 6 00:00:27.740 --> 00:00:46.760 Celeste Lindman: More bank failure News First Republic Bank coming More news today. I mean it's just. We all know the headlines. We all know, you know, just as Faust, it was saying, all this up and down, all this up and down activity. But, hey, guys, I want to ask you, let's just get started right away. And, Roger, I ask you first, and then a faster than Tom. You know what you know. 7 00:00:46.820 --> 00:00:59.730 Celeste Lindman: How do you? How do we view all this intense turmoil in the markets. How should we view it? How do we trade this, you know? And is there any way out of this financial mess. Pick a question, any question, Give us an answer. What do you think, Roger? 8 00:00:59.730 --> 00:01:12.400 Roger Scott: I I think I think the market is grossly overreacting to things right now. I think that I think that the fed and the central banks are doing everything possible to short this up. I think these are isolated events, and I don't think, really think 9 00:01:12.700 --> 00:01:28.110 Roger Scott: that this I think this market is near a turning point for certain stocks, and i'll talk about that more in my analysis. But I think this is exactly what always happens. Something starts off. It creates a little domino effect. Everybody talks about it for 2 weeks, and then they they move on to something else. 10 00:01:28.110 --> 00:01:37.190 Roger Scott: I I have I I had a chart, I I I I'll try to find it again. But the amount of money that that's under the Federal reserves control right now 11 00:01:37.320 --> 00:01:45.870 Roger Scott: is infinitely higher than it was in 2,008. They have way more firepower. We're nowhere near that situation. It's it's. 12 00:01:45.920 --> 00:02:04.620 Roger Scott: I think, right now, what's happening is Wall Street is using this as an excuse to shake out some weak hands, and i'll show some really strong evidence of that. Also the fact that we've been seeing aggressive buying 3 days in a row at the close tells me that there are some buyers coming in. So I think this is. This is just another drama that's going to pass up 13 00:02:04.620 --> 00:02:16.470 Roger Scott: by. But I do have a lot of opinions on how things are gonna play out. From this point forward I'm: looking forward to sharing that with you in a in a bit. Good. Can't wait to hear that. Yeah, certainly a lot of history we can look back on faster. What's your perspective on all this? 14 00:02:16.730 --> 00:02:34.070 Fausto Pugliese: I I tell you, you know it's been such a roller coaster, I mean, i'll just share really quick with some of you could see what's going on here. Let's bring up the screen, but we'll talk a little bit more about it. But, like you know, Western Alliance, I mean this stock was at like $80 came all the way down to $10, 15 00:02:34.070 --> 00:02:41.330 Fausto Pugliese: and it's it's kind of like, you know, like Rogers talking about. You know it's starting to pan out a little bit 16 00:02:41.330 --> 00:03:09.870 Fausto Pugliese: if I go back and I just do is just go 2 days, I mean. Yesterday, when news came out I mean this thing ran from 27 to 42, and it's just not that I mean, that was just one of them Key bank, same thing, Keycorp. You could see that big run up, but it did sound it back down. But i'm looking at this because what happens when you look at more of a day trader, you could also look at it more of a swing trader as in, because it trickles in into a swing trade, and it things are starting to pan out. But, like I don't know, I mean, Roger. 17 00:03:09.870 --> 00:03:13.060 Fausto Pugliese: if people like re on the fence, the market is so like 18 00:03:13.330 --> 00:03:27.280 Fausto Pugliese: volatile, I mean we're down about 400 points already, and you know it's we're not really you could see how we have that nice little rally yesterday, but like it's like it's like they got one foot in the door and one foot out the door if you know what I mean. 19 00:03:27.280 --> 00:03:37.390 Fausto Pugliese: and that's what it kinda looks like. They just say people like anything scaring them like. I'm out. You know they're just selling. But i'm seeing a lot of that action, and also, you know, with orders going out when I talk about a little bit later. 20 00:03:38.290 --> 00:03:42.540 Celeste Lindman: Excellent. Yeah, that that little a lot going on, Tom. What's your perspective so far? 21 00:03:44.270 --> 00:03:57.060 Tom Busby: Oh, I was just listening. I love coming to the has to pros because I I mean honestly, you sort of trade the lonely business. and you come to these conclusions, and it's always good to hear other people's opinion. 22 00:03:58.780 --> 00:03:59.960 Tom Busby: I think that 23 00:04:00.170 --> 00:04:15.890 Tom Busby: my overall deal hadn't changed since the first of the year. I said I thought people would be a lot smarter to grab a 4 and a half percent t bill and use a dart in dart out strategy, because as fast as just alluded to. 24 00:04:16.300 --> 00:04:24.070 Tom Busby: you know, one day, up one day, down, 2 days up. I mean. The trend right now is pretty easy to see. The Nasdaq 25 00:04:24.170 --> 00:04:31.600 Tom Busby: looks like it's, you know, in a bull market. It's going higher. The S. And P. Which is what I follow very closely. 26 00:04:31.610 --> 00:04:42.050 Tom Busby: is, you know, 75 points below where we open them off at where you set there and look at you. Got one hand. I think there's something for everybody. 27 00:04:42.110 --> 00:04:57.560 Tom Busby: you know. If you want to be a bull, focus over here. If you want to be a bare focus over here. But the one thing I would do I would not be exposed heavily in this market right now, and I would say that because 28 00:04:57.780 --> 00:05:08.380 Tom Busby: I think with the options, and I just found out I mean, they just opened up a whole new door of opportunity. I just started trading gold a lot. I'm usually a silver trader. 29 00:05:08.450 --> 00:05:15.190 Tom Busby: but I went over to the goal market. So they have 3 expirations a week. 30 00:05:15.230 --> 00:05:17.770 Tom Busby: and and you know 31 00:05:18.710 --> 00:05:30.260 Tom Busby: you buy things for like 300 bucks, and watch volatility and sell it for 7 or 800 bucks. And I mean, you just gotta have strategies that's going to help you make money. 32 00:05:30.320 --> 00:05:34.020 Tom Busby: and whatever that strategy is, I wholly endorse it. 33 00:05:34.060 --> 00:05:49.400 Tom Busby: We tried to desk Qq. This morning, and it was easy to see Mark was going down by the Sqqq. Guess what? That's not complicated markets going down. You buy the Sqqq. Market going up by the Tqq. Qq. Keep it simple. But 34 00:05:49.520 --> 00:06:00.270 Tom Busby: my big picture is. this is not a time to step in here. This is not. This is not 2,01819. This is like this is like sort of a 35 00:06:01.340 --> 00:06:19.360 Tom Busby: let's. Let's go up. Let's go down. I think you see that with the banks getting squeezed from all the different things are getting squeezed from, and then the consumer getting squeezed. That's gotta come out in the laundry at some place. Fausto mentioned a couple of these stocks. 36 00:06:19.360 --> 00:06:25.340 Tom Busby: you know. First Republic yesterday on options. Listen. This $20 price stock. 37 00:06:25.470 --> 00:06:42.600 Tom Busby: The option is expiring today, both sides $11. So I've never seen that. I'm thinking a long time. And so that's gonna be an interesting story that plays out. But you know, I think there's something for everybody. If they just pay attention. 38 00:06:42.810 --> 00:06:51.750 Tom Busby: I'd rather be small right now until we get a trend. We don't have a trend, and it's a trader's Paradise, really. 39 00:06:51.750 --> 00:07:12.120 Tom Busby: but that's my thoughts. Good points, Tom, let's just keep going with you. Let me ask you a couple of other questions, and if you have anything else to share, you know, please do. But you know, how are you looking at next week? You know the Feds coming out? There's a lot of you know. Oh, are they going to raise rates? Are they gonna Are they going to lower rates? You know? What are they going to do in a response to all this? How are you looking at next week's market. 40 00:07:12.250 --> 00:07:21.400 Tom Busby: It's gonna be very disruptive to the trend up. And the reason I say, that if you look at the fed, they got a. They got a tool that places the eyes of rates. 41 00:07:21.430 --> 00:07:27.300 Tom Busby: The rates were a half a percent until the bike crisis started half a percent. They're going to raise a hat 42 00:07:27.520 --> 00:07:29.060 Tom Busby: marketed, absorbed. 43 00:07:29.090 --> 00:07:33.760 Tom Busby: Then it started going down to a core. Then it went to 44 00:07:33.780 --> 00:07:36.560 Tom Busby: Hey, They're going to pause. They're not going to raise anything. 45 00:07:36.960 --> 00:07:54.240 Tom Busby: It's back up at a half a percent. The odds in the code. It's all over the board which tells you the Fed doesn't know what they're gonna do yet, which tells you that that tells you that there' be a big disruption in the mark with the Fed meeting next Wednesday, I think, and because anything he says 46 00:07:54.470 --> 00:08:11.410 Tom Busby: it's not gonna be right. You just say if he says, hey, i'm gonna be real tight with interest rates he's probably gonna do the off. If he says, hey, i'm loosen, he's gonna tight. I mean, this guy is all over. It reminds me celeste of 1987 listening to 47 00:08:11.410 --> 00:08:15.560 Tom Busby: greenspan in his briefcase. Is it full, or is it empty? 48 00:08:16.150 --> 00:08:21.450 Tom Busby: You can bet on one thing. When PAL speaks on Friday you have to market, rally, sell it. 49 00:08:21.660 --> 00:08:29.160 Tom Busby: If if if it doesn't rally, sell it anyway, because it's gonna go down with this guy, Promise so, people 50 00:08:29.180 --> 00:08:43.090 Tom Busby: he's looking for that on Wednesday when they make the announce he will screw it up. You can bet on that. 51 00:08:43.200 --> 00:08:51.250 Tom Busby: Adam. You go post the slides you've been working at him just to the bon. It sounds like. 52 00:08:51.550 --> 00:08:58.140 Tom Busby: anyway, risk of Bob and try. Okay, es future. Here's my number defining the as futures. 53 00:08:58.260 --> 00:09:10.800 Tom Busby: and this is just a short term number, but it's for the month of March. I'm. Not looking to be a buyer as long as S. And P. 500 below 4,002 needs to close above that number. Keep it simple. 54 00:09:10.860 --> 00:09:12.410 Tom Busby: 4,002, 55 00:09:12.650 --> 00:09:31.610 Tom Busby: the Nasdaq future more bullets. This one has a has a bullish tent, but 1 2 7 for today. The number for the day is 1 2 7, 20 right now. We're 1 2 6, 42 we got more of the day to go. That's the number would tell me they reversing today's trend. 1 2 7, 20. 56 00:09:31.610 --> 00:09:38.770 Tom Busby: I want to talk about gold futures. We're killing it and gold. In fact. it's just been incredible. 57 00:09:38.890 --> 00:09:42.550 Tom Busby: The amount of gold I trade probably more gold, and the last 58 00:09:42.620 --> 00:09:48.110 Tom Busby: month, and I've traded in the last 5 years. But gold is going higher. 59 00:09:48.190 --> 00:09:54.730 Tom Busby: and I don't know the reasons why I can come up with good reasons. But you look at that chart there. 60 00:09:54.750 --> 00:10:02.650 Tom Busby: It it had to stop. It's going higher, and there's a lot of different ways to play. Go futures, in fact. 61 00:10:02.870 --> 00:10:06.620 Tom Busby: next slide, please. What I decided to do. 62 00:10:06.650 --> 00:10:13.630 Tom Busby: I decided. This is a gold trade we made this week 34% and overnight action and go I mean, who would love that? 63 00:10:13.770 --> 00:10:19.640 Tom Busby: 34% give me a break. That's unbelievable, anyway. So but here's the deal. 64 00:10:19.820 --> 00:10:20.950 Tom Busby: Here's a deal 65 00:10:21.750 --> 00:10:29.060 Tom Busby: I decided on a way to work for. I would teach a super class. Okay. The class 66 00:10:29.480 --> 00:10:30.710 Tom Busby: will be 67 00:10:30.740 --> 00:10:41.260 Tom Busby: April fifteenth. When I teach it i'll roll it out. But what i'm doing now is trying to get people that are interested in this. 68 00:10:41.380 --> 00:10:46.580 Tom Busby: Send an email doesn't cost you. That gives me an idea just how strong you are about making money. 69 00:10:46.620 --> 00:11:05.760 Tom Busby: and you can send an email to Caroline at Dti trader. I want to see people. Are you interested to learn how to do this with the options available down 3 days a week with everything i'll, I'll know how much time I need to put into this, but we're gonna do a class in April on gold. 70 00:11:05.760 --> 00:11:19.430 Tom Busby: I'm calling the super class, because this will bring you forward whether you trade gold or don't trade goat uses a a place of safety, or what? But go. This is the year ago. So we got to do this class. 71 00:11:20.220 --> 00:11:24.810 Tom Busby: and it'd be about 4 of them that I do associate with this one. So send me an email. Just 72 00:11:24.890 --> 00:11:35.080 Tom Busby: take time. Right now. Follows on your action and type, Caroline Dti, trader and send an email. I want to know how many people's interested in hearing and seeing this. 73 00:11:35.750 --> 00:12:04.350 Celeste Lindman: Yeah, that's that's big news, you know. Talking about gold, Hasn't. It hasn't been something that we talked a lot about as trading, you know, until now I know Roger has done some of that with as well. It's a it's a it's a new opportunity. So make sure you send Caroline and email and Adam, if you get a chance. I know you're not busy at all. Right. Ha! Ha! Put that email address in there, so people can take advantage of that. But let's keep going. Thanks for sharing that, Tom Roger. Tell us more, You know I know you take a deep look into the mark as a lot of indicators. 74 00:12:04.350 --> 00:12:15.180 Celeste Lindman: You know. What are you seeing? Tell us about the banks? Your thoughts, you know, Are they? Are Are we going further down with the banks? Are you gonna see a rally. Wh what do you think? And and also tell us about the seasonality? Because 75 00:12:15.250 --> 00:12:32.070 Roger Scott: I love what you've been talking about? That's near and dear to my heart. Tell us more what you're seeing with that as well. 76 00:12:32.070 --> 00:12:37.820 Tom Busby: There you go. I think some notice of Ryder and I said across the office from each other. 77 00:12:37.990 --> 00:12:51.260 Tom Busby: I haven't walked over. It's like Roger i'm by go he hasn't walked over and told me he's by go this morning, says hey, I just made a nice gold trade, I said, hey, I did, too. It was true. True. We came to the same conclusion 78 00:12:51.450 --> 00:13:04.100 Roger Scott: all right. So that should be 47% sorry guys is that from my trade or or t buzz, we might have even, you know it's funny. I don't even know what trade you did on gold. We we probably bought the same option in the same. 79 00:13:04.790 --> 00:13:18.250 Roger Scott: Sorry, Tivos. I don't mean it's funny. It is funny. All right. Let me let me show you. Let's let's talk business. Let's talk business and let's not talk monkey business around here. So so here, here's here's what i'm gonna tell you first of all. 80 00:13:18.580 --> 00:13:29.380 Roger Scott: statistically speaking. right now not right now. This morning the fed, based on the bond, yield the the 1888 of a point, 2 5 rate hike 81 00:13:29.430 --> 00:13:34.490 Roger Scott: and 20 or 15% of a 0 rate hike. That's according to the fed 82 00:13:35.740 --> 00:13:37.580 Roger Scott: That's literally according to the fed. 83 00:13:38.050 --> 00:13:49.500 Roger Scott: And that's as of this morning, so they they're more likely to not. We are going to see higher rates. Okay, that's not a not a coincidence that's more likely to not going to happen. 84 00:13:49.770 --> 00:13:50.840 Roger Scott: Just 85 00:13:51.660 --> 00:13:53.710 Roger Scott: 1 s. I need to 86 00:13:53.760 --> 00:14:13.250 Roger Scott: press a button so we can excerpt the like energy trade for a nice profit, too. Right now. I just did that. Sorry it's been. You know, this volatility. It it's it's really great for trading like like fossil, said. It's really really great for for the swings. You know the intraday swings. So anyhow, I want to show you guys something, and and I want you guys to pay attention to this, because this is probably the best 87 00:14:13.490 --> 00:14:23.070 Roger Scott: or the most accurate view of of reality that I'm going to show you. I want you guys to see something here. Energy. This is momentum levels. 88 00:14:24.210 --> 00:14:26.670 Roger Scott: Unfortunately, Cnbc is not going to share this with you. 89 00:14:26.870 --> 00:14:39.060 Roger Scott: Let me show you something. Why would they do that? Look at where energy is on momentum levels right now. We've been in the last in the last 8 years. We've been at this level once, twice, 3 4 6 times. 90 00:14:39.710 --> 00:14:51.440 Roger Scott: It ain't going much lower. That's the energy sector. Let me show you something else. Now we want everybody's Everybody's really nervous about financials. Right now. Right Well, let me show you financials right now where they're at 91 00:14:53.060 --> 00:14:54.210 Roger Scott: same place 92 00:14:55.230 --> 00:15:06.550 Roger Scott: starting to get the the the picture. Now, if we were up here I would be really scared right now. We're right here. It's it's it's not the time to be scared. It's time to get greedy right now. and let me show you something else. 93 00:15:07.900 --> 00:15:19.640 Roger Scott: and i'll paint a little picture for you guys look at basic materials, 3%. Basically I don't want to keep going through the same graph, because they all look exactly the same. Real estate, basic materials. 94 00:15:19.670 --> 00:15:30.570 Roger Scott: energy and financials are all near historic clothes. When I say historic clothes, I mean, like where we go once every year, and we we barely ever stay there for a long time. 95 00:15:30.920 --> 00:15:40.890 Roger Scott: And this is this is not market cap weighted. This is by stock, so we're all near here. This is a time to worry this. Isn't: the time to buy. Okay, we're we're. We're 96 00:15:41.280 --> 00:15:50.520 Roger Scott: get past all that stuff you have mentally in your head. It's time to start thinking about long positions. Okay, and momentum momentum levels. Really, Don't lie very often 97 00:15:50.560 --> 00:15:57.200 Roger Scott: with that, said. Here's the scenario that I think is going to happen. Let me let me kind of give you a a a movie here 98 00:15:58.540 --> 00:16:00.340 Roger Scott: right now. Bonds 99 00:16:02.680 --> 00:16:04.090 Roger Scott: are trading 100 00:16:06.930 --> 00:16:17.270 Roger Scott: near their resistance level near the 110. I hope to God they come up to 110, because I want to sell them here, and I missed out on the opportunity, which is a 109 17. This rally here in bonds 101 00:16:17.690 --> 00:16:21.030 Roger Scott: is is lower rates because of the fear of the banking sector 102 00:16:21.190 --> 00:16:25.470 Roger Scott: as financial start going up next couple of weeks that bond prices 103 00:16:25.990 --> 00:16:26.790 Roger Scott: will 104 00:16:26.990 --> 00:16:29.650 Roger Scott: cool off, which means higher rates. 105 00:16:29.720 --> 00:16:31.640 Roger Scott: Well, here's the problem with that 106 00:16:32.770 --> 00:16:35.290 Roger Scott: the technology right. Now look at where we're at. 107 00:16:40.760 --> 00:16:42.550 Roger Scott: That's a turnaround bar right there. 108 00:16:42.780 --> 00:16:46.380 Roger Scott: So what I what I envision happening is this: I think the 109 00:16:46.450 --> 00:16:53.420 Roger Scott: mood chip sectors the energies, the utilities, the real estate, the the financials. I think they're going to start rallying sooner than later. 110 00:16:53.830 --> 00:17:10.680 Roger Scott: I think interest rates will start coming back up as a result, because they've been grossly undervalued in the last week because of what's been going on with banks. If interest rates go higher, that's going to put a lot of pressure on technology, stocks and technologies just happen to be right now at a long term resistance level. 111 00:17:11.250 --> 00:17:18.130 Roger Scott: And it happens to be that momentum on all the other stocks is is that historic low levels? 112 00:17:18.170 --> 00:17:31.240 Roger Scott: That's not a coincidence. If you guys think that's a coin. The markets don't have coincidences. So what i'm seeing is a very sharp turnaround. Not anything crazy happening, not as rallying 50,000 points. But I see I I see bonds taking a big dump. 113 00:17:31.370 --> 00:17:45.660 Roger Scott: And I i'm seeing that putting a lot of pressure on technology stocks and all the money that's been going into tech and communications and consumer discretionary in the last 4 or 5 days is going to go right back into those sectors that it started with, and it's going to start happening really, really soon. 114 00:17:45.660 --> 00:17:58.300 Roger Scott: And i'm not saying that because that's my opinion. I'm telling you that because that's what momentum levels are showing us and momentum levels are not that wrong? Very often momentum levels give us a really good understanding of where we're at, and we're sitting right here. 115 00:17:59.120 --> 00:18:14.390 Roger Scott: That's the bottom folks. That's the bottom. So so. So my view so my view right now is we're going to see a complete reversal over the next couple of weeks of what we've been seeing over the last week. That's what I think, not because of one factor, not because of 2 factors. 116 00:18:14.390 --> 00:18:31.460 Roger Scott: because of 5 or 6 different factors. Okay. And the reason gold is going up is because a lot of people are bank are afraid of the banking of banks right now. So i'm giving you. I'm giving you a very, very clear view of exactly what's happening right now, and how it will unfold, and the more the more 117 00:18:31.530 --> 00:18:39.210 Roger Scott: the probability of what I'm saying coming true is probably about 80%. Now, with that said. I want to show you guys some interesting seasonality. 118 00:18:43.040 --> 00:18:43.820 Roger Scott: So 119 00:18:45.500 --> 00:18:53.390 Roger Scott: this is a picture of a couple of interesting things here. This is utilities. Okay. 120 00:18:54.500 --> 00:18:56.740 Roger Scott: Utilities have been in the crapper all year. 121 00:18:57.150 --> 00:19:15.160 Roger Scott: according to my crystal ball, which I inherited from Tom Busby who's right here with us right there. This this this crystal ball only is accurate about 75 77% of the time. I try to get it over 80, but Tom didn't tell me parts of it were made in China, so it doesn't always fire on all fours. 122 00:19:15.500 --> 00:19:22.870 Roger Scott: but I love this crystal ball, but what my crystal ball is telling me is this: These are seasonalities based on getting in at the end of the day 123 00:19:23.140 --> 00:19:29.100 Roger Scott: on the longs, and writing them till they take out the the yesterday's high during entry day 124 00:19:29.350 --> 00:19:37.150 Roger Scott: for the short side. The seasonality is getting in at the end of the day today, so i'm giving you guys about 3 h and 40 min a heads up, notice. 125 00:19:37.430 --> 00:19:41.920 Roger Scott: and and and i'm gonna show you the equity curves for this. Now, Here's the interesting thing. 126 00:19:42.360 --> 00:19:47.400 Roger Scott: This is Ew. J. That's Japan. In the last 19 years 127 00:19:47.440 --> 00:20:00.630 Roger Scott: we've had this pattern repeat 84 of the time out of the last 19 trade. So we've been accurate about 7, 16, about 16 or 17 trades. So, according to to the seasonality. 128 00:20:00.670 --> 00:20:06.130 Roger Scott: we're supposed to go long. Ew. J. At the end of the day today, and get out when it takes out yesterday's high. 129 00:20:06.350 --> 00:20:12.460 Roger Scott: whenever that may be, and we'll hold no more than 10 days to the short side we have utilities 130 00:20:12.630 --> 00:20:21.020 Roger Scott: utilities. Out of 17 years we have a winner rate of 82 out of 17 years, with a profit factor of 4.8, 8. 131 00:20:21.070 --> 00:20:31.740 Roger Scott: So my crystal ball is telling me that utilities are going to go down next week. and Ew. J. Which is Japan, is going to rally next week. 132 00:20:32.230 --> 00:20:41.610 Roger Scott: That's what my crystal ball says. But looking at this crystal ball is not good. Let's look at every trade that happens so far, and see how that panned out. Okay. to show you that 133 00:20:44.050 --> 00:20:45.860 Roger Scott: here's the seasonality. 134 00:20:45.910 --> 00:20:51.410 Roger Scott: That's the equity curve. If we took this trade from 1,998 all the way to 2,022 135 00:20:51.620 --> 00:20:55.350 Roger Scott: on Ew. J. Pretty good equity curve right 136 00:20:56.980 --> 00:21:01.920 Roger Scott: and here's the Equity curve. If we took the short trade on utilities 137 00:21:03.010 --> 00:21:16.830 Roger Scott: over the last 20 years, or whatever years so 17 years and 19 years. So that's those are the best seasonalities now there are others. But I wanted to give you guys something to to snack on 138 00:21:16.910 --> 00:21:34.620 Roger Scott: while while so so I it. There's a very clear pattern over the next few days that Japanese Yen is going to go up. and utilities are going to be coming down. and that's packed with an accuracy of 84.21, and an accuracy of 82.35 over the last 19 years 139 00:21:34.710 --> 00:21:38.170 Roger Scott: and over the last 17 years. 140 00:21:38.440 --> 00:21:45.460 Roger Scott: Yeah, very interesting. I'm not done yet. I've got some more do I have a little more time. 141 00:21:45.520 --> 00:21:47.460 Roger Scott: some other interesting fundamentals. 142 00:21:47.650 --> 00:21:55.380 Roger Scott: Now remember, this is these are these are not day trades. These are swing trades, and the rules are Get You're getting into these trades at the end of the day today. 143 00:21:55.480 --> 00:22:10.990 Roger Scott: market on clothes, and you hold them till the long side takes out yesterday's high, or the short side takes out yesterday low, ignoring entry day at the end of the day. Very, very simple. Oh, we just got filled at 30% on the Marathon petroleum. Thank you, Matt. 144 00:22:11.330 --> 00:22:14.490 Roger Scott: I love that all right. Now, here's what I want to tell you. 145 00:22:14.580 --> 00:22:18.280 Roger Scott: Ubs Bank decided to do a coverage of 146 00:22:18.650 --> 00:22:34.700 Roger Scott: 6 banks. They gave their 3 highest coverage banks, and then they gave their 3 lowest probabilities. So they have some banks that you we want to buy and banks that you want to sell. And I'm gonna tell you guys a funny insight story. This is this is totally priceless. 147 00:22:34.990 --> 00:22:43.530 Roger Scott: My wife. God bless my wife! She opened up an account this week at one of the banks that's on the cell side here that they are. 148 00:22:44.620 --> 00:22:54.240 Roger Scott: She didn't talk to you the no joke. I was like, No, that can't be it so that it it just shows you that you just you you you just can't win sometimes. 149 00:22:54.260 --> 00:23:12.950 Roger Scott: Yeah. So so so let me give you the banks. I think people will want to hear this, and i'll tell you what what Ubs is thinking so. The first thing I mean, what are the odds right? There's like a 1 million banks, and she opens. She. She opens up an account at one that did specifically 3 of you just can't. So the the this bank they really like a lot. 150 00:23:13.150 --> 00:23:23.790 Roger Scott: They're giving this bank an 85 profit target, which is exactly where most of these targets that I'm. Seeing are where where the the bank was before. You know this Ps. Code that happened. 151 00:23:23.830 --> 00:23:29.540 Roger Scott: That's right. La Ew. J. Long, and excel you short. That's right end of the day today. So you got you got 152 00:23:29.570 --> 00:23:30.580 Roger Scott: plenty of time. 153 00:23:31.070 --> 00:23:46.700 Roger Scott: So so this they like this bank because they believe their exposure to more volatile tech innovation deposits is very manageable. and they're they're not understood fundamentally. People are saying, oh, they're invested in this, but they're really not so. They're kind of getting hit 154 00:23:47.870 --> 00:24:00.770 Roger Scott: in unfairly. That's their their point of view and They have a price target of $85 per share. Now, the reason i'm giving you this report is Ubs is really good with bank stocks. They're very good with financials. If this was on. 155 00:24:00.900 --> 00:24:02.860 Roger Scott: if this was on consumer staples. 156 00:24:03.110 --> 00:24:08.150 Roger Scott: They're awful with consumer staples, but they're really good with bank stocks and insurance 157 00:24:08.290 --> 00:24:20.710 Roger Scott: credentials, really good with commodities. Just fyi They've always been really good with commodities. T bus knows that, too. He's been around the block a few times. The next bank is New York City Bank, New York City Community Bank. 158 00:24:20.820 --> 00:24:23.680 Roger Scott: Foster, You're in New York. Actually, I just realized that 159 00:24:23.800 --> 00:24:29.660 Fausto Pugliese: they're saying that ratings they They like this bank. They're saying that it's gonna go back to the $10 level. 160 00:24:29.730 --> 00:24:45.590 Roger Scott: and they're saying that ratings driven by higher earnings outlook stock is at a steep discount. They it passes their stress tests with complete flying colors and banks have to be extremely transparent after what happened in 2,008, so the fed knows exactly what they're up to. 161 00:24:45.590 --> 00:24:50.260 Roger Scott: The last buy that they're recommending is this Webster Financial Corporation. 162 00:24:50.490 --> 00:25:00.450 Roger Scott: And they think this stock is gonna go right up to the $51 level. Basically all of all their targets are just real close to where the right before the sell off occurred. 163 00:25:01.080 --> 00:25:14.460 Roger Scott: So now here's the stocks. They don't like F. C Nca. First Citizen Bank. That's the one my wife opened the account with. It's a local bank here, I you know, and it's still going down. What they're saying is 164 00:25:14.610 --> 00:25:18.820 Roger Scott: ratings driven by expectation of lower lower 165 00:25:19.070 --> 00:25:26.460 Roger Scott: credit Scores and credit costs. We think the risk of d-rating is elevated, given their legacy, c. I t-related credit risk. 166 00:25:26.510 --> 00:25:41.920 Roger Scott: They have a profit target of 538. It's already below their level. So we may see some more. Downside. My advice, for anybody is Don't. Keep to mo over $250,000 in in one account. Don't do that. Okay, that way you're you're You'll You'll be protected by the government. 167 00:25:42.070 --> 00:25:45.480 Roger Scott: and the second one is Tbi Tbi. 168 00:25:48.010 --> 00:26:00.780 Roger Scott: These are Don. They don't, but usually when they give these recommendations, they they're 12 weeks. That's that's how far they look back. This is another one Texas capital branch. They don't like this, they say consensus earnings and current valuation look very stretched 169 00:26:01.040 --> 00:26:05.250 Roger Scott: $51 per share already trading at 55. So 170 00:26:05.340 --> 00:26:09.020 Roger Scott: but it went down to forty- They think it's gonna go a little more 171 00:26:09.350 --> 00:26:14.110 Roger Scott: and last but not least Cfr, which is probably the biggest bank on this list. 172 00:26:14.400 --> 00:26:22.980 Roger Scott: Their balance sheet is not well set up to protect margin from declining rates in 2,024 and multiple is ahead of where it should be in the current environment. 173 00:26:23.980 --> 00:26:27.030 Roger Scott: And that's what I've got for you. Guys. Today. 174 00:26:27.030 --> 00:26:44.500 Celeste Lindman: Yeah, that's really interesting. It'll be interesting to watch those levels, and you can see, even on some of those banks. It's like the most of the ones that they thought were good, you know you could see like buying, stepping in. The ones they think are bad. It you know it's just like continuing that plague down this beautiful picture. 175 00:26:44.640 --> 00:26:50.970 Tom Busby: Let me double check that we're on the same page. Here, let me just 176 00:26:51.980 --> 00:26:55.350 Roger Scott: yeah, the Matt says that's right. Let me just pull this seasonality thing. 177 00:26:55.660 --> 00:27:01.460 Roger Scott: Pull it up One more time. Ew. J. Long excel you short. 178 00:27:02.090 --> 00:27:14.590 Tom Busby: The first one has 19 years, and the second one. Actually, you have 17 years of, and they're both over 80% accurate 179 00:27:14.640 --> 00:27:24.330 Roger Scott: at the end of the day. It's gotta be the at the end of the day towards like the last few minutes of the day. That's because the the system that's how the system checks it backwards, and it doesn't use intraday data. So yes. 180 00:27:24.490 --> 00:27:33.600 Roger Scott: you could use options or the underlying. And if you're in my seasonality group, I may actually give you those traits at the end of today. You, you don't know it. Things could happen. 181 00:27:33.780 --> 00:27:51.260 Roger Scott: Yeah, Excel: what do you think about that, Roger? The financial? I I I As I. As I mentioned, I I think this is what I think I think that right now. and and and my advice on this is Don't. Go buying individual stocks just by the excel. Trust me, it's it's it's much safer. 182 00:27:51.290 --> 00:27:56.870 Roger Scott: But here's what I think. I think that excel financials are ready to go higher. I think right now. 183 00:27:57.040 --> 00:28:05.720 Roger Scott: I mean, look at where we're at. I mean. Look at this. I mean you. You gotta see this with your own eyes, I think seeing it with your own eyes is probably the best way to do it. But 184 00:28:05.790 --> 00:28:07.060 Roger Scott: here, template 185 00:28:08.630 --> 00:28:20.780 Roger Scott: all ratio. I look. I'm going to go, Max. This is going. Financials going back to to that January 2,015. We've been at this level once, Covid. 186 00:28:21.080 --> 00:28:25.020 Roger Scott: Another time 1 2 3 4 times, 5 times. 187 00:28:25.020 --> 00:28:41.280 Roger Scott: Maybe it'll go down a little more, but we're there. I mean we're really there. This is not a time to panic. This is a time to buy. I'm not marking. I'm not market timing. This. It's just so. Everybody understands. But i'm just simply looking at momentum, just like you guys are right. Now, do you look at yourself? How often have we been at this level. 188 00:28:41.520 --> 00:28:43.360 Roger Scott: The momentum levels don't lie. 189 00:28:43.460 --> 00:29:01.590 Roger Scott: Remember, they're not capital weighted. They're not capital awaited, and this is the 50 day moving Average it Just there's there's a certain level that they just don't go below, and we're there, or we're very close to being there. But yeah, I think it's. I think if anybody is looking to get into the financials. This is probably the best time you will have in the next couple of months. 190 00:29:01.590 --> 00:29:20.630 Celeste Lindman: Excellent! Great thanks so much, Roger, for that. Thanks for that extra a little bit there, too. So okay, let's keep moving a lot more to talk about false. So so glad that you are here with us. You're like our internal expert, and I want you all to know. He is the internal expert. I mean. Remember that Fausto is this 12 time champion 191 00:29:20.630 --> 00:29:48.940 Celeste Lindman: at the World Traders Challenge. I mean, that is so significant. He he trains the people at the Nasdaq Exchange on this order flow. It's incredible. So i'm so glad for that. You are here with us at this particular time. So you you take this all you put it together. You start talking about at the beginning of show. But tell us some more. Tell us more about. You know changes that you've seen in the flow since you know all the bank failures, or you know how you're positioning. What what do you make of this whole environment? 192 00:29:49.040 --> 00:30:18.820 Fausto Pugliese: Well, you know it's a it's funny as as you as Rogers talking. I'm looking at some of these stocks, and it's so funny because, like you, we really have a lot in common, because a lot what happens over the course of the day will trickle into these swing trades, and you know, and like, you know, the Xl. F. I mean, yeah, it's a major support levels right these prices, and I see big buying, and we're gonna talk a little bit about that, and i'll go with to some of the detail of it. But you that's funny bringing up about Nasdaq. Actually, when i'm done today, when we're done today at 1 30, 193 00:30:18.820 --> 00:30:30.490 Fausto Pugliese: I am going to be on Nasdaq live everyone's welcome to join. I'm going to talk. I'm going to continue to talk about what i'm talking about with. You Learn about today couple of good stocks. A lot of people want to know what happened with these bank stocks. 194 00:30:30.490 --> 00:30:44.070 Fausto Pugliese: Are they? A by like, you know he's, you know Rogers telling you what he's looked at, you know, as in what's on the you know, on the short list and a long list we do Look at it. I'm gonna go more into it. But at 1 30 just go to. So we broadcast live on 195 00:30:44.070 --> 00:31:05.230 Fausto Pugliese: on Twitter. Actually, you go right to that link right there, Twitter traders talk. I'll be on there right after this, but but just let everybody know. I'm also all everyone's welcome to just pick up the phone. Scan that. And you can come into the trading room, too, because everything only be doing. I'm going to show you live to how actually this works. Now listen. I love to trade. I've been doing it for several years, like. 196 00:31:05.230 --> 00:31:16.220 Fausto Pugliese: you know, everyone here knows, and you know I train people around the world. I'm actually gonna be next week with with the I is on site which I'm really looking forward to. I didn't know you had so many people coming this time. That's awesome 197 00:31:16.240 --> 00:31:35.380 Fausto Pugliese: for your onsite. But but yeah, we do do a lot of that. All that kind of stuff. But how I got started is, you know, I became a day trader. It's just living in New York. That's what most market makers do here is that we trade on the floor. So I like to teach my traders how to actually go out there and find these tools 198 00:31:35.380 --> 00:31:53.620 Fausto Pugliese: and how to use them. And you know, obviously everybody's like really. This past 2 weeks have been just phenomenal trading, I mean, we've been watching this before. Even they were talking about it that much I mean like it's crazy. But when you like. Roger has his little crystal ball there. I'll crystal ball is just a watch list. 199 00:31:53.650 --> 00:32:02.310 Fausto Pugliese: and you start seeing, and it kind of like rolls into. You see one stock, and you see another one I'm like, Wait a minute. Do you like all in the same industry? What the hell is going on. 200 00:32:02.310 --> 00:32:15.600 Fausto Pugliese: and all of a sudden you start seeing orders start showing up over and over and over again. And that's how you kind of catch what's going on so like. I always tell everyone as a trader. You know what we do. We like the marines, you know, like you know. 201 00:32:15.600 --> 00:32:33.980 Fausto Pugliese: you have the Air force. You have the navy. The marines are the first ones that go in, and we see what actually is happening, and then usually everyone follows along. So If you're a swing trader and options trader, you know you gotta understand what happens over the course of the day with these tools. Now you you look at this stock like Sidb. I mean this thing. 202 00:32:33.980 --> 00:32:47.830 Fausto Pugliese: I First of all, I didn't realize it was so many stocks that was so expensive. You like everyone's always thinking like Bank of America City Bank, Merrill Lynch. No one ever thought about Sidb was like an $800 stock. 203 00:32:47.830 --> 00:32:58.890 Fausto Pugliese: you know what I mean. And then, all of a sudden, you start seeing this big collapse that came in right around the 300. How everything just trickled along now, just kind of let you know something. Everyone here that 204 00:32:59.370 --> 00:33:18.750 Fausto Pugliese: this happens, you know not all the time, but when it does it does happen, and it does become a you know, everything follows along with it. If it was the financial crisis, if it was Covid, if it was the Internet, bubble, everything is in their own industry, and they all trickle on. They could have great. It could be a great company. 205 00:33:18.750 --> 00:33:33.460 Fausto Pugliese: you know, and doing fine. And there's like, Why is everyone pick it on us. We didn't do anything. We had nothing to do with it, but you know, when it was like your bank you're a bad guy. I'm selling your stock, and you, like Roger and Tom will tell you earlier. Sometimes there's good opportunities 206 00:33:33.460 --> 00:33:46.560 Fausto Pugliese: to say you know what the stock got beat up. They have good earnings everywhere. They're just unfortunately, in the wrong industry, and everyone's looking at this as a bad guy. So that's how all these other stocks actually come to fruition. And the other good thing is. 207 00:33:46.760 --> 00:34:02.700 Fausto Pugliese: if you miss that big stock that like would happen, you know, with what you would call, you know, with any one of these stocks that made that big moves. A a other ones will follow along. You know the all of a sudden one's like. Wait a minute doesn't, you know. 208 00:34:02.700 --> 00:34:24.370 Fausto Pugliese: First bank for first, for public has something to do with them. Wait, Doesn't Key Bank. Have something to do with it, and then you'll start seeing it like we even now this one's moving. Now that one's moving. That's what's so exciting, what we do here at cyber Trade University, which I want to show you guys, how these things work. But listen. Even Swab got nailed, you know, out of anywhere. I mean. Schwabel Sign took a big hit 209 00:34:24.370 --> 00:34:28.760 Fausto Pugliese: from somewhere. But you know, like I said, but when there's opportunities. 210 00:34:29.020 --> 00:34:39.590 Fausto Pugliese: unfortunately, catastrophes, to make opportunities for all of us. But you could see how these stocks like he bank all of a sudden they go up. All I want to do say is as a as a trader, to let everybody know. 211 00:34:39.719 --> 00:34:44.179 Fausto Pugliese: Be very careful. They are extremely volatile. 212 00:34:44.260 --> 00:34:54.860 Fausto Pugliese: I mean I've I've been back in off a lot, I mean. I only traded a couple of them because I don't know if any of you ever been in stock I got halted. They're getting hold of like every 10 min. 213 00:34:55.090 --> 00:34:58.650 Fausto Pugliese: and it's nothing. Freaks you out being in the stock that, like 214 00:34:58.650 --> 00:35:28.650 Fausto Pugliese: we didn't, they got hold in the way down where they could open it up. Oh, my God! It all of a sudden! And then they get halted on a way up to like yay. And mean while they tank on you like it's really really extremely volatile. These socks, I mean they'd like even Schwab. They could say, that's okay. Yeah, that's all. A couple of rules and kind of tell you the stool, the tools that we have at 3 rules. I want to pass on to everyone here, so hopefully be able to take away from some of the stuff, and then come and join me in my trading room and see how we actually put this all together. So before we go out there we buy stock, determine if the stock is a day train 215 00:35:28.650 --> 00:35:34.690 Fausto Pugliese: or a swing trade. You don't want to mix a match. That's where people make a big mistake. They get into a trade, and and 216 00:35:34.690 --> 00:35:55.970 Fausto Pugliese: they're like they want a day trade because they see an opportunity, and they're like all you know. Then they lose money. They don't want to take a loss, and that's how it becomes a swing trade. Make sure that you it's just you, you you strategize. That's why you have all of us all different here, where Roger might say, it's a good buy here, and i'd be like No, it's not, you know not yet, but because i'm looking as a day trader like. 217 00:35:55.970 --> 00:36:15.450 Fausto Pugliese: but he's saying like, maybe no 1 2 3 days or a week later, you know. But i'm looking at it like, okay. But for me. He's right, maybe 3 days, but not today. But i'm looking at things that have very, very active and very volatile, because, you know, we're just trying to make a day's pay. But here you have a couple of tools we want to talk about. First of all, where it comes to like 218 00:36:15.450 --> 00:36:38.830 Fausto Pugliese: Nasdaq. I was actually a market maker on Nasdaq and a a Nasdaq market maker. And you know, today, like I said, when i'm going to be on Nasdaq, you know they they actually hired me to teach their own employees actually how to trade, use their platform. And the big thing you have to look at is that there's a lot of numbers that are moving. Just gotta know what to look for, and it's really not as complicated as people look at it. 219 00:36:39.090 --> 00:36:41.410 Fausto Pugliese: The big thing you have to understand is that 220 00:36:41.960 --> 00:36:44.930 Fausto Pugliese: we'll talk about support resistance levels right? 221 00:36:45.370 --> 00:37:04.790 Fausto Pugliese: You can't have a support level unless you have buyers, and you can't have resistance levels unless you have sellers, so you can go back as far as you want in history as you want. But what what dictates the what happened in the past. It's what's happening in the present and the present is, where are those buyers? They're still there 222 00:37:04.790 --> 00:37:22.350 Fausto Pugliese: that they were in the past. You're gonna find him here on the Nasdaq Book Viewer. Now, here's a little quick example like the Soccer E. Court. This stock obviously all know that to trading in one of the bank stocks, and you could see how the stock came down. Now, what I always kind of focus at is that everyone panics everyone's like? 223 00:37:22.550 --> 00:37:26.650 Fausto Pugliese: Do I sell it now? Do I buy it? Do I average down? Do I do that? 224 00:37:26.700 --> 00:37:39.070 Fausto Pugliese: You have to look at where, where everyone else is, at. Where are all the other buyers? And you could see the stock in less than about an hour. Go from 1,260 down to 1,180, I mean. 225 00:37:39.200 --> 00:37:45.860 Fausto Pugliese: that's a lot. If you had a 1,000 shares, I mean, like you do, that every day you're going to be bankrupt pretty soon, pretty quickly. 226 00:37:45.860 --> 00:38:05.390 Fausto Pugliese: But there are times that you have to stop and think about it. Do I? Do I sell it now and then, all of a sudden you sell it. You wonder why it went up? Well, in this case, right here, you just keeping it simple without any indicators. Anything. You could see that right here on the left hand side on the Nasdaq book you were. You had a 60,000 share buyer out there at $11 and 227 00:38:05.390 --> 00:38:15.090 Fausto Pugliese: and and 73 cents, and yet another 6,000 out there, just about basically 2 cents below that and over here on the right. It tells you how many orders. Now this is the pretty 228 00:38:15.400 --> 00:38:18.260 Fausto Pugliese: oh. freaky part about this whole thing. 229 00:38:18.510 --> 00:38:38.450 Fausto Pugliese: You look up here at $10 $11 and 82 cents at 1,800 chairs. There's 10 different orders out there that make that 1,800 when you go down to here at 1111 73. You only have 3 orders. That means there's somebody out there looking to buy one big block order. Of stock. 230 00:38:38.460 --> 00:38:55.870 Fausto Pugliese: Okay, so that's the mistake. People make like. Oh, this is so many buyers out there that must be a good thing. Yeah, a lot of buyers doesn't mean a lot of a lot of orders doesn't mean a lot of shares, so orders you gotta look at it, and that's why the stock, if you were patient enough, and you waited, and you didn't freak out. 231 00:38:56.090 --> 00:39:03.100 Fausto Pugliese: You had to stock that rebound from 1,170, when it right back up to 1220, so you can convert a loser right back into a winner. 232 00:39:03.400 --> 00:39:05.890 Fausto Pugliese: Here's another thing. How's the stock? Sell off? 233 00:39:05.920 --> 00:39:12.500 Fausto Pugliese: I mean, here's the stock that we're looking at. Big run up Blue Blue Bird big pop up right at the gate. By the way. 234 00:39:12.520 --> 00:39:13.610 Fausto Pugliese: if you haven't 235 00:39:13.900 --> 00:39:32.210 Fausto Pugliese: got one yet. Okay, the mouse bed best times to trade worse times to trade, and you could see right here like the first 5 min. Just be very careful when the market opens up, a lot of chaos happens, and that's where you get like a lot of slingshots. But right after a couple of minutes boom the stock went up. 236 00:39:32.380 --> 00:39:37.990 Fausto Pugliese: and then with the and then from there from that 444 50 that rock stock runs to $5. 237 00:39:38.060 --> 00:39:52.690 Fausto Pugliese: Now as a trader, you probably think what the hell is 50 cents. Well, Tom knows me very well. I like to trade in expensive stocks, because less risk more reward. 50 cents on a 1,000 chairs is is a $5,000 investment. 238 00:39:52.690 --> 00:40:06.300 Fausto Pugliese: you know, in less than third, 1530 min. You need to sell $500. You're talking a nice $100,000 salary. Now, some of us be like. Well, how did you know how to take that 50 cents? Not knowing it was going to go up a dollar. Well, when you look over here on the Nasdaq 239 00:40:06.300 --> 00:40:17.220 Fausto Pugliese: you had a 100,000 shares that can be sold at $5. Okay, so there's orders everywhere. So you have to understand. 240 00:40:17.710 --> 00:40:29.780 Fausto Pugliese: You're not the only one that's trading that that stock. This stock is being traded around the entire world. What you're looking at right. Here is the actual exchange. This not the foul, still 241 00:40:29.780 --> 00:40:44.060 Fausto Pugliese: cool. It's not the think or swim tool. This is the you had a seat on the exchange. Why, you would not want to see it on the Exchange. I still can't figure it out where people don't want this. By the way, i'll tell you where you can get it, because when I started 242 00:40:44.060 --> 00:41:03.650 Fausto Pugliese: it costs about over a $1,000 a month. Imagine, you know, i'm 51 now imagine being the 22 year old kid, to come up with a $1,000. Now it cost you $15. I have to see on the exchange. Right and here you see all those orders, and i'll tell you how to get it in the next couple of slides. But if you didn't know that that guy was out there. That order was out there. 243 00:41:03.650 --> 00:41:06.840 Fausto Pugliese: Guess what? You just convert a loser, a winner to a loser 244 00:41:07.100 --> 00:41:08.040 Fausto Pugliese: like that. 245 00:41:08.320 --> 00:41:24.390 Fausto Pugliese: and you all know you've been there. You've done that. So it's all about knowing where are the orders, because you see down here when we're at $47 and 73 cents a 76 cents that's the highest bid that someone's all to pay. You got to remember there are other buyers out there. 246 00:41:24.590 --> 00:41:40.920 Fausto Pugliese: and the problem with a lot of you here which you don't realize is that when you look at the TV and you see that little ticker, or you look at level 2, or you look at you know anything, you're only seeing the best. Been the best buyer. That's the guy up there. You're not seeing all the orders out there. 247 00:41:41.010 --> 00:41:45.780 Fausto Pugliese: so it gives you that much more leverage to have that more of a game plan 248 00:41:45.810 --> 00:41:48.650 Fausto Pugliese: just like this stock right here. Look at the stock path. 249 00:41:48.710 --> 00:42:04.110 Fausto Pugliese: Big run up down, stop it from $18 right down in a matter of it. 30 min to 1660, and you could see how it hit it went up. Hit it. Some people call us a double bottom. Some people might call triple top. I'm just telling you. Forget about that. 250 00:42:04.130 --> 00:42:10.740 Fausto Pugliese: The reason why bounce because the 44,000 share buyer out there at $16 and 62 cents. Okay, now 251 00:42:11.240 --> 00:42:20.150 Fausto Pugliese: listen. Anybody could put an order out there. Anyone could. Okay, you look at right here, and you start to think about like, Why would anybody want to buy 100 shares? 252 00:42:20.190 --> 00:42:21.840 Fausto Pugliese: Why would they waste their time? 253 00:42:21.900 --> 00:42:27.340 Fausto Pugliese: Well, those are real orders you could, I mean, listen. You put an order for one share. You're gonna be out there. 254 00:42:27.450 --> 00:42:36.700 Fausto Pugliese: This is. This is what's direct acts about. But what you have to look at is, where is that big order? And there's your big order right there. 44,000 at 1,662, 255 00:42:36.950 --> 00:42:49.960 Fausto Pugliese: just like here. Another one is that can be even more obvious to Snapchat. Okay, I mean, it works for brand name stocks, too. But look at this thing. Stock started 9, 30 shot up all the way to 1120 came right back down to 1060, 256 00:42:49.960 --> 00:43:07.880 Fausto Pugliese: 30 min later. And you like, do I buy it. Do I sell it? Full Stock goes up, has a very tough time, and it had that resistance that was there at 9 30 is the same resistance that started from 12340'clock, because of this 167,000 share Seller out there. Now okay. 257 00:43:08.070 --> 00:43:12.670 Fausto Pugliese: So. And and the next question People always ask. How do I know these are real? 258 00:43:12.850 --> 00:43:24.740 Fausto Pugliese: You want why they real you. When you come in my room i'll find 160,000 share order. We'll use your money, and we'll see how real it is alright, they're real. Okay, so let's get that straight. 259 00:43:24.830 --> 00:43:42.110 Fausto Pugliese: cause I always get people always ask me. Oh, but can they cancel? Of course you could cancel. You could cancel your order, but i'm not going to take that shot. I'm not gonna take that gamble. I'm not going to think about what that guy's game plan is. He long, easy short, whatever it is, at the end of the day. That's a real order, and you got to take it very seriously. 260 00:43:42.180 --> 00:43:46.020 Fausto Pugliese: Now, Rule number 3 is obviously not catching a falling night. 261 00:43:46.120 --> 00:43:54.890 Fausto Pugliese: Now everyone's looking at stock stocks coming down. You know. We're always trying to pick the bottom, and it's it's really to pick the bottom. 262 00:43:54.990 --> 00:44:01.610 Fausto Pugliese: Takes a lot a little bit more experience than just taking, you know, taking a shot, you know. I just got off the phone 263 00:44:01.820 --> 00:44:08.580 Fausto Pugliese: before we started with a new student that came across here, and let me tell you what one of the probably 264 00:44:08.640 --> 00:44:12.160 Fausto Pugliese: worst thing is that could happen to anyone starting off trading 265 00:44:12.410 --> 00:44:13.520 Fausto Pugliese: is, they make money. 266 00:44:13.790 --> 00:44:32.290 Fausto Pugliese: It's like the worst thing, because then they also like all this, Gotta be easy. Oh, wow! This is so. I was talking to a gentleman, and you know he's like he just retired, and he started off with like a $30,000 account. In about 2 months he got to 67,000 okay, basically made about 100 over 100, 267 00:44:32.360 --> 00:44:34.280 Fausto Pugliese: and it took him about 268 00:44:34.690 --> 00:44:44.810 Fausto Pugliese: about a month later. You get back down to 27 like that. Okay, any now, and I was like. How do I prevent that like? What what did I do? Wrong? I first of all, I tell them who trained you? 269 00:44:44.960 --> 00:44:50.010 Fausto Pugliese: You know you shouldn't have made that you shouldn't have made the 67,000 in the first place, you got lucky. 270 00:44:50.030 --> 00:44:55.690 Fausto Pugliese: Okay, and the thing is, you know how do you know how to contain that and build on it. Well. 271 00:44:55.890 --> 00:45:15.210 Fausto Pugliese: but bottom line is he didn't know when he was jumping in these stocks he got lucky. Okay. And in this business. All of us will tell you this. You don't want to be in the luck business. You want to be in the skill business you built. You make your own luck. Okay. But when you go when you go for that bat on baseball, if it follows baseball, you don't. Go there to hit a home run. 272 00:45:15.210 --> 00:45:28.460 Fausto Pugliese: Okay, you don't go. That's not your goal. It's nice, but a baseball player is not in the home runs day to get base hits. You just has to get on base. Okay, if you hits a home run if you try to say no one, it's gonna strike out more than you hit basis. 273 00:45:28.510 --> 00:45:42.290 Fausto Pugliese: His old say. My mentor always taught me, he said. Who's a better baseball player, Mark Mcguire or Joe Dimaggio? I don't know if anybody files baseball, but they're like we did to accomplish. One broke the world a home run world record. The other one hit the ball 56 times in a row. 274 00:45:42.330 --> 00:45:53.430 Fausto Pugliese: Who would you rather be on your team? You know what I mean that that's where it comes down to it. You just kind of hit base. Hits don't try to hit him out of the part, because if you don't follow these orders, this idea, and get yourself in trouble. 275 00:45:53.620 --> 00:46:13.430 Fausto Pugliese: I mean even like. So I just want to let you know it does work for every type of stock out there, you know, and you just like square, you know you'll see those orders, and not only does it work on a day trading, it does work on a swing trading version of it, too. 276 00:46:13.430 --> 00:46:32.610 Fausto Pugliese: So I mean like when you're doing some long-term trades, you can really scale this thing down, and you could see orders and orders I mean people if you ever heard of something called program trading, which some of you probably like, what the hell yeah, I heard about it, but I never seen it. I'm going to show you how just how to look at it. Because 277 00:46:32.700 --> 00:46:44.940 Fausto Pugliese: basically program trading is, you know, when computers kick in and they they have orders already defaulted to get out at those prices. But when you have a tool like this you'll see when they're starting to trickle in, or if they're going to get canceled. 278 00:46:45.250 --> 00:46:51.610 Fausto Pugliese: you know, just like, you know, plane base, huge big pop, I mean. I don't know if you guys been watching this. But like 279 00:46:51.960 --> 00:47:09.260 Fausto Pugliese: crypto has done unbelievable from all this news been happening, Crypto really took off, and not only that, but blockchain starts to be doing pretty well, too, because of it. I mean, just today we were doing great, just trading, Mara, which is a you know. It could show you a little bit right here. 280 00:47:12.670 --> 00:47:14.520 Fausto Pugliese: You see right here like Mara. 281 00:47:15.110 --> 00:47:26.660 Fausto Pugliese: which is a blockchain stock. You know it's stock. It's done very well. It went from like $6. It's almost at 8, 40, and about 2 days. You know a lot of these cops is socks. Been doing well also riot 282 00:47:29.930 --> 00:47:45.780 Fausto Pugliese: riot. Also. Another blockchain stock has done very well, has been benefiting from it. You know these stocks have been up almost like 2030% on the day. And you know one of the big things that we look at is we we're checking them out on the net, on on the book viewer. But 283 00:47:46.040 --> 00:47:53.050 Fausto Pugliese: point same thing, Big pop also, and the stock has done very well. But the thing once again, not to kind of 284 00:47:53.300 --> 00:47:54.870 Fausto Pugliese: the past. Keep repeating it. 285 00:47:55.020 --> 00:48:10.410 Fausto Pugliese: You gotta have a game plan. Good traders always focus on taking profits. Okay, Don't Don't believe the stockbroker mentality that tell you. Oh, you really didn't lose money until you sold it. I mean No, you really down. Okay, you really lost it, don't, though 286 00:48:10.410 --> 00:48:29.910 Fausto Pugliese: don't believe that. So, being a good trader, you always want to take that profit, Don't don't ever say, oh, don't ever count you chickens like you know, like I told you about this poor fellow Jim that was talking to earlier. You know how he went from 30,000 to 67 he's, like I should have sold the stock. I'm like well, did you not? Did you see the orders out there? 287 00:48:29.910 --> 00:48:40.480 Fausto Pugliese: And that's how you get yourself in trouble in this trading because you don't boom. You could see in one day how a stock goes from 65 down to 62 within less than an hour. 288 00:48:40.510 --> 00:48:59.350 Fausto Pugliese: Now another thing you gotta be also be aware of. So many stocks is very, very volatile. So you got to be really careful on which which you do, because that's another 50 of the failure rate, and i'll cover that when you come into into my trading room i'll show you how we find it. But the goal is. As long we find these big iceberg orders will be in good shape. 289 00:48:59.450 --> 00:49:16.770 Fausto Pugliese: Now how can I get the Nasdaq Book viewer? People always ask me. Listen. I don't work for that like I don't make any money on this. I'll work for them. You can go to the data store. You could buy it. It's $15. I think it's probably the best investment anybody here can get if you really get you. If you want to get your feet, we 290 00:49:16.770 --> 00:49:33.110 Fausto Pugliese: and if you actually sign up for my classes coming up, which is not going to question anything, i'm going to give you a couple of videos to kind of show you how to set it up, because you're gonna look at it. If you don't have it set up properly, you're not going to know what you're looking at, and not only that, but in about. 291 00:49:33.270 --> 00:49:49.910 Fausto Pugliese: Let's a little bit more than 30 min. I'm going to be live on Nasdaq, doing some more demonstrations on how this stuff works now, like I said it's only $15. It's, you know, like I said it's a great deal. There's the link again if you wanted to watch me on traders talk today at at 1 30, 292 00:49:49.910 --> 00:49:55.960 Fausto Pugliese: and if you want to come into my trading room, i'm getting everyone a free pass. Just Kate, scan it. 293 00:49:56.030 --> 00:50:10.580 Fausto Pugliese: Take your scanner, you know your phone or just type in that link right there, and you know. And like I said. Just feel free to come in there. But make sure you watch those videos and make sure you have that mass. That book you are because it's gonna really help you where you in the trading room, remember 294 00:50:10.890 --> 00:50:20.530 Fausto Pugliese: you get. You can't always focus on the past. It's time to focus on the future. And those futures are where those orders are, and that what was that link again? Busto for the data store. 295 00:50:20.800 --> 00:50:23.350 Tom Busby: But then that's which one for an Azac. Yeah. 296 00:50:23.810 --> 00:50:40.530 Celeste Lindman: It's right here. Data data store.nasdaq.com. And can you go back to the Twitter one as well? Everybody's asking for that as well. I don't know if somebody can type that in on Twitter. I wish I could. 297 00:50:40.550 --> 00:50:54.440 Fausto Pugliese: There you go. Thanks, Adam. Adam got it in there. Yeah, there it is. Yeah. And then Cyrus had a question to me. Ask that. And are there any studies done between call and put orders at the same strike price to help traders for direction of future price. Trend. 298 00:50:54.450 --> 00:51:22.260 Fausto Pugliese: Well, that that would be a Tom question, because I don't really trade in options more. But I all like, do tell somebody on the options, and Tom, like always has me to come. Talk to this audience for it. If you want to be a good options, trader. Remember what moves an option is a stock. So if you know how to trade the stock, you'll know what option to trade, and you know why it's moving, so you'll be one step ahead of everybody else before you get into that option play, and sometimes you'll find some of these stocks that we find that i'm moving over the course of the day and be like 299 00:51:22.260 --> 00:51:37.180 Fausto Pugliese: totally correct. That's actually a pretty good, You know that this has good options on it lot better than the one I was just happened to just get, You know I was gonna do so that's the other thing that's also gonna help you, because, remember, at the end of the day you here to just make money, I mean, and the most importantly. 300 00:51:37.180 --> 00:51:48.780 Fausto Pugliese: you don't want to lose it, you know. So like 80% of what I teach is more, not more about making it. It's about controlling the losses, because that's what everyone's biggest issue are All right. Let me give it a little trick for an Internet question. 301 00:51:48.850 --> 00:51:54.420 Tom Busby: Find the stock. go find an option. If I got a maturity today. 302 00:51:54.820 --> 00:52:03.380 Tom Busby: find one a call that's a dollar and find a Put this a dollar and watch those 2 move, and you'll get a direction 303 00:52:03.510 --> 00:52:13.120 Tom Busby: in the short term which way it's going to move. Usually about 15% means that that's the direction for a short period of time. So just match it up. 304 00:52:13.430 --> 00:52:14.920 Tom Busby: Call put 305 00:52:16.140 --> 00:52:37.780 Celeste Lindman: Yeah, excellent, great. So yeah. So at 1 30 Eastern time you can catch file, so that, you know, just take your camera out. Get that link right there. Get also get that free training with him as well inside his rooms. Right there. You can scan it the links there. Adam is posted those links in there as well. And the other question they want to know. The answer to Faust is, Where did you get that time? Clock thing? 306 00:52:37.970 --> 00:52:53.390 Fausto Pugliese: That's on my website? You could buy it we sell for, like I don't know, like 5 6 bucks. I'll bring a bunch of room to Tom's onsite If anybody's going to the onsite. I'll be happy to pass them out to everyone. But you know it's basically we had a piece of paper, and I said, you know what 307 00:52:53.440 --> 00:53:01.120 Fausto Pugliese: I need a mouse i'll put on a mouse P. So I made this about like almost 25 years ago. So i'll bring a whole bunch of them down there for Tom. So 308 00:53:01.210 --> 00:53:09.610 Fausto Pugliese: people out there to have it. It's the big clock you made for me. Yeah, of course. Remember. Yeah, I do ahead of my office in Mobile. 309 00:53:09.820 --> 00:53:11.060 Fausto Pugliese: and you left it. 310 00:53:11.590 --> 00:53:16.700 Fausto Pugliese: I stole it. Someone stole it. I like that one. 311 00:53:16.700 --> 00:53:46.680 Fausto Pugliese: That's right, Jeff. Probably I believe it. Anybody any any took your sauce to that I made for you. Yeah, we will be done. We will be done with. Ask for those premium like at 125, so everybody will be able to catch you at 130. That would be fantastic to to see that. I know Fausto has been around with Tom for a good long while. I remember when I first showed up in 2,009, Tom was talking about file, so Adam talked about Fausto, and he's just the real deal you want to get in there and find out. 312 00:53:46.680 --> 00:54:15.750 Celeste Lindman: That is so. Key, understanding what he's talking about. That is so, Key. It was pivotal in my trading and being able to understand those swings because he's right. You know whether it's, whether a day trader or a swing trader, which is what I predominantly am. Th that is, is just key. So highly recommend that you get in there. I mean the price is free. So it's in this crazy market. Get in there, take advantage of it. And you had to remember, like just everybody know, like Nasdaq wants me to come out there and teach you how to use this stuff because 313 00:54:15.980 --> 00:54:17.590 Fausto Pugliese: they listen it. 314 00:54:17.590 --> 00:54:46.780 Fausto Pugliese: The last thing they want to do is blow up your account. You know what I mean, then you're not going to trade, I mean, that's how these brokerage firms make money at the end of the day. I mean there's no lie or about it, but they don't want you to go out of business in 2 months, so they want you to know how to trade off the executions. So sometimes when you you're thinking about trading a specific stock, or whatever just happen to go, see where the orders out there, because if it if it's such a great deal. Then everyone will buy it. You know it's pretty interesting. I always get people all the time to ask me, hey? Fast! I got a tip. I heard this. I'm like, really. I love tips 315 00:54:46.780 --> 00:55:00.890 Fausto Pugliese: because I find out if they're for real or not, and only way I find out is like Well, if he knows about it, then everyone knows about it. So there should be a lot of buyers out there out there. And then, all of a sudden I look at this. I'm like oh, why, and then they'll tell me something like oh, look at the stock and not tell me, and i'm like 316 00:55:00.980 --> 00:55:03.340 Fausto Pugliese: really the stock history. No volume 317 00:55:03.500 --> 00:55:20.520 Fausto Pugliese: has no buyers and sellers unless someone's trying to be s you to buy to get off their hands. Other than that, you know it. It might be good. Good. Be good. But until you see people start jumping in you gotta see it there's only way you can see it if it if it even exists. 318 00:55:20.870 --> 00:55:42.300 Celeste Lindman: Yeah, it's a great opportunity there to to just find out all that information there from file, so it's just a wealth of information. His whole team there, when you're in his trade room to it just really helpful, and the way they set everything up but false. So again. We'll be there at 1 30. But you know his website, you know, checking out all of that material is a powerful way to add tools to your trading. 319 00:55:43.110 --> 00:55:43.880 Celeste Lindman: so 320 00:55:43.990 --> 00:55:48.820 Celeste Lindman: anybody else have anything else to to follow. 321 00:55:49.040 --> 00:56:00.240 Tom Busby: Folks Think about all the great information you got in this hour. This is how you learn. I mean. Roger gave you all that seasonality. and you know 322 00:56:00.290 --> 00:56:10.730 Tom Busby: you have seasonality and trading. Fausto gave you how support resistances in a in a market, and you know it's less ask great questions. 323 00:56:10.800 --> 00:56:13.390 Tom Busby: I gotta tell you folks you ought to be glad 324 00:56:14.400 --> 00:56:33.590 Tom Busby: we don't charge for this right. We just give us away. Yup, I I I learned a lot just from listening to Foster about the the the level, I mean. It's very fascinating, very interesting stuff. This guy's like one of the original sales bandits. Remember those little booklets. Just so. Yeah, I was around there, too. So I was I was. I I got beat up a couple of times. People here. My guts 325 00:56:33.810 --> 00:56:35.130 Fausto Pugliese: back, then 326 00:56:35.200 --> 00:56:38.680 Celeste Lindman: 12 time champion right here. 327 00:56:38.850 --> 00:56:51.990 Roger Scott: Good stuff, really. Really. Great session. Check out, Check out! Follow that link. Check out what Foster's got for you, and don't miss him on on the NASA. It'll be very, very cool looking forward to it. That was it was a really treat being here today. It's it's always i'm always learning something. 328 00:56:51.990 --> 00:57:01.670 Roger Scott: being here always confirming validating. But you know we t buzz myself, Foster, we're still learning every day, and folks absorb this like a sponge. This is really good information. 329 00:57:01.670 --> 00:57:26.570 Fausto Pugliese: Yeah, great traders surround us all good traders. And and what happens is that we always learning, because once you know how to trade, you all could basically learn from each other. And you know, and once you have that style that works out for well, for you and like I listen. As Roger was talking, I'm sitting there looking at certain stocks and my totally crap. He's right to stock. This got some good buys, you know. I do see support levels, but I I see big orders out there buying it. I want to buy it. You know what I mean 330 00:57:26.570 --> 00:57:45.520 Fausto Pugliese: or like. I'll be like, you know what I think it's. Goodbye. But I think I little time to buy it, so maybe i'll put a swing trade, you know, to to Trigger at a certain price. There's always great ideas out there, but the big thing everyone has to realize that you should try a little bit of everyone's stuff. Learn a little bit from everybody else. Try to adapt what you you know. 331 00:57:45.520 --> 00:58:04.740 Fausto Pugliese: Take some classes from all of us. Take the time to learn it. Don't go out there and just try doing yourself, because, like the gentleman, Jim, I spoke to before the last thing I want to happen to him is to happen to you if it Hasn't happened already so hopefully you can fix that, all right. But thanks for listening. Celeste was great, seeing it. It looks like Tom walked away, and Roger 332 00:58:04.910 --> 00:58:10.070 Roger Scott: have a great weekend guys. It was a great seeing you catching up, Foster. I'll see you soon. Bye Guys 333 00:58:10.070 --> 00:58:40.070 Celeste Lindman: Absolutely. Everybody have a great weekend. We're gonna head over to ask the pros premium. Don Yokum is standing by, boy, you're gonna get your ears full, too, and a lot of just how to digest all of this stuff with the yields and bank deposits, recession, the fed everything. It's going to be very worthwhile your time. Adam has just posted the link there. How you can still get involved with asset pros premium. So just click that link. Go to Faustos site right there. Scan it. Be in on that free class. You just it's it's you are the best asset that you have. 334 00:58:40.070 --> 00:58:53.860 Celeste Lindman: You know, those banks at bank assets who those are going down Once you make your assets go up, show up at at Fausto's class there, and take it all in. I'm gonna head over to ask the pros premium. Everybody have a great weekend. Be safe. 335 00:58:53.860 --> 00:59:05.690 Celeste Lindman: We'll be back at this again. We got the afternoon watch, the afternoon and futures open on Sunday night, and we'll be back on Monday with the cash open as well, so everybody have a great rest of the day. We'll see you next time.
1 Comment
Sounds good.,Ira