Guy Cohen shares a watch list of over 20 tickers with us and even covers specific options plays.
Jack Carter tells us why his favorite strategy right now isn’t buying options. It’s SELLING options.
Don Yocham fills us in on why the Japanese Yen is the world’s top risk asset and how he’s positioning himself to take advantage of it.
He extends an invite to Ask The Pros to take advantage of the global systemic chaos through his Daily Pick trading service. For next to nothing, you can get a hand-picked stock ticker along with trigger, target and stop loss. Click here to join him now!
On this week’s show: Don Yocham, Jack Carter & Guy Cohen.
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Show transcripts are auto-generated by computer, so they won’t be perfect.
If something doesn’t make sense, you can skip to the timestamp in the video above to hear it. Questions? Drop us a line.
►Click To View This Episode's Transcript◄1 00:00:00.000 --> 00:00:01.110 Them everybody. 2 00:00:02.120 --> 00:00:21.080 Celeste Lindman: We're so glad you're here. We've got Don Yokum from prosperity. Pub. Hey, Don, how are you doing good to see? You looks like Jack Carter has just joined us from Jack Carter, trading. Welcome, Jack, Thank you. Good to see you and Guy Cohen all the way from across the pond. Weestrators guy welcome 3 00:00:22.700 --> 00:00:52.689 Celeste Lindman: good good looking forward to hearing from Guy has some really great software that kinda piggybacks on some of the things Jack Carter's been talking about about this options volume. So i'm really excited for you to to hear that. Hello, everyone online. We're glad you're here, and you know there's a lot going on in the market right? We have a lot of risk, and you know you probably noticed the market has dropped the S. And P. Has dropped a 1,000 points in the last couple of days. That's a lot of movement isn't it. So you need to understand whatever it is that you're trading before you ever click that mouse, because, like we've been 4 00:00:52.700 --> 00:01:16.830 Celeste Lindman: talking about your capital is at risk. You can lose it. You can lose a lot of it. So you want to understand, and that's why we come here week after week, and we show you some of the tips and tools and education that we use to make these trades and draw that money out of the market. We're going to do that today, so well let's find out, you know, is this yen more important than what the fed is doing to the Us. Consumer with the rising interest rates. 5 00:01:16.840 --> 00:01:23.880 Celeste Lindman: And why do we even need to think about the yen when we've got all these earnings coming out that are making historical movements 6 00:01:23.930 --> 00:01:32.069 Celeste Lindman: to the downside, and we haven't even gotten to that tech earnings next week yet. Speaking of did you all get the headline Google 7 00:01:32.110 --> 00:01:39.769 Celeste Lindman: laying off 12,000 people. Ouch! And so what did their stock do? Did you watch? Did you look it went up 8 00:01:39.780 --> 00:02:08.290 Celeste Lindman: so I hope, I hope, I hope, that you all were listening to Jack Carter and myself the other day when we were talking about Google. Jack has some phenomenal parameters around that, and if you missed it no worries, you can come at 1 30 day. You're gonna get the whole story on what's going on there. So let's get started, and let's start talking with about that tiny little topic of earnings. How about earnings? So let's start with you, Don. You know what is your take on earnings? So far. 9 00:02:09.070 --> 00:02:27.359 Don Yocham: you know. I think the the only thing I've really seen clear is with banks right? So we've got this inverted yield curve. I've talked about that a lot near term. Rates are high, short, longer Term rates are very low, you know, and that's banks make their in the They're living by 10 00:02:27.370 --> 00:02:41.489 Don Yocham: borrowing short and lending along right. So now they're borrowing at higher rates, and they're lending it lower rates, because those long term rates are low, and that's really starting to bite into their interest. Interest income right? So that's one factor that you're seeing, and plus. 11 00:02:41.600 --> 00:03:00.889 Don Yocham: you know, the the results on the trading side are just all over the place, but you know, a lot of them are really getting hurt out there because the markets are really tough environment. So you know, that's kind of clear. I mean Jp. Morgan what it did. And and you know it's just it. It really sold off. Was it earlier this week? Yep, and 12 00:03:01.230 --> 00:03:12.129 Don Yocham: you know, I think we just see more that it's it's it's just an indication of of the the actions that that are really starting to bite. And of course, Google's another confirmation that. 13 00:03:12.300 --> 00:03:15.840 Celeste Lindman: Yep. Yep. All right. Good thanks for that, Jack. What are your thoughts? 14 00:03:16.220 --> 00:03:27.070 Jack Carter: I I haven't been impressed with earnings, but I didn't expect to have to be impressed that I don't expect anybody to to be earnings real substantially. 15 00:03:27.080 --> 00:03:45.420 Jack Carter: you know. Goldman had the worst earnings in like 12 years, and they had a complete miss with rolling out their their retail bank called market. That thing cost them about a 1 billionand a half dollars, and you got other banks like Morgan Stanley that did great. They aren't suffering from 16 00:03:46.090 --> 00:03:57.459 Jack Carter: the things that other Wall Street banks are like the lack of mergers and acquisitions and fees off Ipos there's no ipo, so I expected to slow down for the banks, and I looked at 17 00:03:57.470 --> 00:04:18.680 Jack Carter: Proctor and Gamble. That's kind of a big thing for me to look at on the consumer side, and and they didn't have very good sales, either, so I just see the whole whole thing shrinking. They like to talk about earnings compression. That's just another way of saying less earnings. But I think that's going to be the story going forward for a couple of quarters 18 00:04:18.690 --> 00:04:22.369 Jack Carter: slowed out. And you know, when you see Google, they have people off 19 00:04:22.620 --> 00:04:28.069 Jack Carter: Microsoft. Lay of people off. That's good for their bottom line, but it's just a tail till 20 00:04:28.350 --> 00:04:33.360 Jack Carter: signed by them that they don't think business is very robust, and they don't need all these people. 21 00:04:33.410 --> 00:04:38.860 Jack Carter: So when you're laying off 1012,000 people in a whack that that's a sign of a slowed out 22 00:04:38.970 --> 00:04:59.490 Celeste Lindman: slow down in the economy. Well, you'll all be right here so we can. We can hear firsthand what's going on and how to trade it. So, guy, it's it's always great to have you on. Ask the pros, we love it, and you we love your accent, too, because it's so great. But you give us a perspective also from across the pond. And so what are what are your thoughts so far on earnings? 23 00:05:00.250 --> 00:05:12.369 Guy Cohen: Well, my thoughts, it's it's all very mixed at this moment in time, but like pretty much share Jack's view that medium term we're on the way down. We've been saying that for quite some time, anyway, but that obviously is going to be these fluctuations in the short term. 24 00:05:12.380 --> 00:05:24.089 Guy Cohen: But there there are telltale signs in terms of volume and in terms of actual price movement in terms of what goes on over the pond. We we really, you can consider me to be part of your 50 first State. 25 00:05:24.100 --> 00:05:40.790 Guy Cohen: because at a deal in the Uk markets the Us. Markets are the most liquid, the most diverse. They have options there, and that's what we specialize in. So everything we do from a trading point of view is only based on us in any case. So I I really pay very little attention to what's going on 26 00:05:40.800 --> 00:05:48.969 Guy Cohen: in the Uk. Other than the exorbitant prices. They charge me for everything for living here. But apart from that, you know, i'm one of you guys 27 00:05:48.990 --> 00:06:05.630 Celeste Lindman: absolutely good. 28 00:06:05.840 --> 00:06:16.599 Jack Carter: What makes me want to trade are the high premiums I see on options. You know I love selling options. I love any any strategy that lets me sell options and take advantage of time, decay. 29 00:06:16.620 --> 00:06:22.970 Jack Carter: And when we get this market like we get it now where it doesn't have any, follow through it doesn't have any 30 00:06:23.000 --> 00:06:38.370 Jack Carter: extension of any direction that that that jams all that volatility into the options, prices, and and I just love love selling them so I love the volatility I love where the options market is, and there's there's just so much money to be made 31 00:06:38.380 --> 00:06:51.180 Celeste Lindman: on the cell side of the options that that gets me real jacked up every day. The market opens. Well, Jack, how do you you know you determine? I mean isn't isn't it risky to sell premium as opposed to buying it. How do you mitigate that? 32 00:06:51.190 --> 00:07:03.540 Jack Carter: I Well, I use. You know I always know what my break even is. You always need to know that. And then I use kind of a trip wire to alert me that the underlying stock is made to move against me, and that gives me a chance to get out. But 33 00:07:03.550 --> 00:07:13.519 Jack Carter: I think buying options is far more risky than selling options, because you're not having the the follow through with the direction. So it's almost like 34 00:07:13.530 --> 00:07:32.220 Jack Carter: the the options. The calls are very, very expensive, and there's a lot a record amount of call buying, and I think that's where all the risk is. I I on the cell side. I think you can use time to K. To your advantage and and really clean up out there. I I I can't get enough options sold every day. That's that's just where i'm at 35 00:07:32.500 --> 00:07:54.510 Jack Carter: you. You say this kind of uptick in the call by. And what do you attribute to this increase in option volume? It's getting kind of crazy, You know the the data that came out last year. You know we were talking to Tony Saliba. He's on the board of directors at the Cboe, and he was talking about how the options volume in in the early part of 22 surpassed all of what it was in 2,021, 36 00:07:54.520 --> 00:08:01.640 Jack Carter: and just since the pandemic and you know, however, many millions of new customers that open brokerage accounts. 37 00:08:01.760 --> 00:08:17.930 Jack Carter: One of the things they gravitated to was buying call options, trying to, you know, buy lottery tickets and make a killing on that. So what I saw for the first time, and maybe ever, was the possibility that options prices, are controlling a stock price, whereas 38 00:08:17.940 --> 00:08:23.190 Jack Carter: my whole career in the market. It's always been that the underlying stock 39 00:08:23.740 --> 00:08:31.980 Jack Carter: it affects the options price, and that's still really the the most true statement. But there's now a little bit of overlap where 40 00:08:32.200 --> 00:08:45.500 Jack Carter: there's so much call buying. And some of these stocks like Tesla Google Apple that I think it's starting to affect the actual price of the stock. Maybe it's market makers selling calls, and then the buy in the underlying stock. 41 00:08:45.510 --> 00:08:57.810 Jack Carter: you know, to stay long in case they gotta cover, but it's a real new world with with options, trading, and and all of that is because of of the volatility and the demand from retail traders buying options. 42 00:08:57.820 --> 00:09:27.810 Celeste Lindman: Yeah, it is. It is really a new world. Isn't it, you know. I hear you talk about this the well, not only the options premium, but the option volume, you know so much talk about the outgoes and everything, and that impact I mean, it's just like really need to have an edge in the market trading these days, and and I know you're gonna talk about this today at 1 30. I want to make sure everybody will get the link. We'll post it at the probably at the end of the session today to make sure you can get in to Jack Carter's event. I'm gonna be there. I'm Hosting Jack and I can't wait for you all to get 43 00:09:27.820 --> 00:09:40.119 Celeste Lindman: that straight from Jack's mouth. But, Jack, before we go. It's like kinda you know. What? What are some ways that people could put it to practice right now? What you're saying? What are some things that they could look at on their own to see. 44 00:09:40.130 --> 00:09:58.930 Jack Carter: That's a great question. Well, the first thing I think you should do is if you have a 100 shares of a stock, or if you have a stock that you want to have a 100 shares of. Go Look at the options chains on the calls, and you need a 100 shares to sell one covered call on that stock, but if you have some stocks. 45 00:09:58.940 --> 00:10:26.699 Jack Carter: go go in into your brokerage firm and pull up your your platform and look at an options chain and look at what you could get if you sold a call with an expiration of about 30 to 40 days out, you know sometime, maybe the end of February, I think. February 20, fourth. Isn't is an expiration, and then March third. But if you look in there, and and you see, hey? I owed a 100 shares of Xyz. What could I get? What can I get if I sold a covered call? If I sold a call option, how much premium would I get. 46 00:10:26.710 --> 00:10:45.880 Jack Carter: And the percentage of of what that premium is to the stock price it's. It's really high on some of these stocks like Google. So I would just tell everybody to learn the basics of a covered call. That's that's a it's really hard to lose doing that. And you'll make a lot of premium on if you pick the right stock. So 47 00:10:45.990 --> 00:10:51.849 Jack Carter: that's that's what I would encourage him to do. It's it's the easiest way to take money out of the options market 48 00:10:51.940 --> 00:10:59.329 Jack Carter: is just with a simple covered call, and if you use the right stocks the premiums are super high, but I would just start off with 49 00:10:59.400 --> 00:11:07.120 Jack Carter: you. Have them start off where they are, you know, and and just learn learn to go in and look at that options chain and see what you could get for selling calls 50 00:11:07.130 --> 00:11:37.119 Celeste Lindman: great, excellent, and I I recommend that you, you know, piggyback on with some experts who have done this for a good long time, and have a great track record of being successful. And Jack Carter is is your guy on that? So? I can't wait at 1 30. You're gonna hear a lot more. So I see. Adam posted that in the chat, so make sure you get it. Copy pasted and and join us there at 1 30. We got a lot going on today. A lot of content we always do this on Friday afternoon is best way to send you off into the weekend. So thank you, Joe. 51 00:11:37.130 --> 00:11:55.109 Celeste Lindman: for sharing all that. Hey, Guy, let's move on over to you, and I know that you got this really great software, and the timing of you coming on here is just perfect. The the software that you have is wise traders. And you know we've been talking about this kind of options, you know a volume and everything. Show us your software and tell us 52 00:11:55.120 --> 00:11:59.330 Celeste Lindman: what tell us about what you're seeing in the market right now what it's showing us. 53 00:11:59.380 --> 00:12:07.279 Guy Cohen: I'll do that. Let me just get my screen. I got to share my screen. Have night with you and I do that. The share screen. There you go. 54 00:12:07.860 --> 00:12:09.729 Guy Cohen: Okay, this is B. 55 00:12:10.080 --> 00:12:22.950 Guy Cohen: I know. I'm on the very strict time frame here. Okay. So before we do it. I have 3. Just get a pen and paper out, everyone. I've got a lot to give you in in about 12 min. 56 00:12:23.070 --> 00:12:45.459 Guy Cohen: The the way that we go about things is about quality, and we go about things with what we call the 3 Master Keys Market, timing, stock, selection and trade plan for risk control market time for obvious reasons. Stock selection for obvious reasons and trade plan. My clients have included Ny. Sc. Various money managers. You're an ex etc. I've got books and best sellers and blah blah blah you know about me, anyway. Do you? Don't need to know about that 57 00:12:45.650 --> 00:12:57.710 Guy Cohen: in terms of market timing. We've done some pretty cool things with you guys over the over, the over, the over, the over. The last few months i've spelled stock selection there wrong. But let me just explain to you. 58 00:12:57.720 --> 00:13:06.380 Guy Cohen: I mean my stocks of action. I can't spell, I promise it was just a bit hurried. 59 00:13:06.580 --> 00:13:24.689 Guy Cohen: Write this down. Take a picture, Take a snapshot. It's important. Okay, because it's all about quality of setup that governs what your success will be, at least in our world. And then there's lots of room for lots of different methods, by the way. But this is the one we gravitate to. Essentially it's about demand supply. And obviously the software that I have 60 00:13:24.700 --> 00:13:40.139 Guy Cohen: that Celeste is a bit of a fan of, and be getting really in ingratiated with it. It finds these things. So this is Dick Sporting goods a little while back, and I want to show you what we call what the big money footprints. What we're looking for is is stresses and strains and supply and demand 61 00:13:40.150 --> 00:13:45.660 Guy Cohen: where we can make a a high quality trade with strict risk control. So here's how it goes. 62 00:13:45.950 --> 00:13:56.439 Guy Cohen: Big money footprint. Number one is volume acceleration. See it there it won't appear in your charts. But here, here big money for it. Number 2 is a decent size Move recently in the direction you want to go. 63 00:13:56.470 --> 00:14:05.719 Guy Cohen: Big money footprint number 3 across and a hold of a key level. Either the 200 or the 50 day key level, sometimes even the 20 easy to find. And then 64 00:14:05.730 --> 00:14:20.869 Guy Cohen: big money Footprint Number 4 is my special source. This patented indicator that we have the Obi, which is showing you what options trade is Sentiment is doing now. I can't go into the detail that right now that you'd have to spend some more time with me. But this is running. This indicator which is patented in us. 65 00:14:20.880 --> 00:14:36.089 Guy Cohen: is governing actual funds. Money managed as in professional fund managers are using that exclusively millions and millions of dollars on that one. So that's the other thing I look for. That's our special secret source. But there's other things in there as well. I want to show you very quickly. Number One 66 00:14:36.100 --> 00:14:43.880 Guy Cohen: is what I call shrinking retracements in this situation we've got a bullish setup, and we've also got 2 moves down, retracements 67 00:14:43.890 --> 00:15:13.729 Guy Cohen: of significant size, which are shrinking and culminating in the last one, which ends up, being a consolidation. As Well, now we've got a full house. This is a great set up. We loved it. We were all over it with our people a couple of year and a half ago, and that was the result in that situation. Then it becomes what we call overboard, and at this point you can start to get out of the trade and and bank your profits as well, but you can thank them along the way. So that's the essence of big money footprints. Hopefully, I've done it justice in a very short space 68 00:15:13.740 --> 00:15:17.379 Guy Cohen: of time, and again supply and demand is at the very heart of what we're doing. 69 00:15:17.390 --> 00:15:39.610 Guy Cohen: Sometimes it can also lead to buyouts as well. Look at this one with sale. This is last year. It can sometimes lead to an interesting buy out something. I know that the the Celeste. I did this especially if you use the last, because I know you love buyouts, and we'll find another couple. And this was Twitter as well. And look at what's going on with Twitter. One and a little bit here. And this was right before this was all going on. Look at this 70 00:15:39.620 --> 00:15:55.130 Guy Cohen: right before it was finalized that actually Elon Musk had to go and dip his hand in his pocket to do that. So I just wanted to show you the power of this stuff when you get it right, and when you do it. So now let's come and have a look at some stocks to watch. We have a look at the software. In. We go 71 00:15:55.720 --> 00:16:11.129 Guy Cohen: no mucky around in terms of covered calls. Jack, Hope you're looking. This is a covered call trade find that I've got some nice juicy covered calls for you right here, which are all doing interesting things as well. If I click on the I just did this. I clicked one button. I found some nice 72 00:16:11.140 --> 00:16:30.709 Guy Cohen: covered call opportunities with my software. This is for February. If you want to go out to march. You can do that. Just look at that. Find you some for March, and then, if you go to April, finds you some for that. Now the great thing about all these stocks, and this was off piece. By the way, you you you, you you! You! You give me a curve ball there. But if you want to see these, you go in there. 73 00:16:30.900 --> 00:16:32.330 Guy Cohen: click on the charts. 74 00:16:32.420 --> 00:16:42.090 Guy Cohen: And now you're gonna find that all these stocks are doing something rather bullish. This is actually just what's happened to Alibaba today. Look at the Obi. Look at what's going on here. I literally just 75 00:16:42.100 --> 00:17:06.999 Guy Cohen: I did it in one button. By the way, Peak looking, he's reason to be bullish this one, and we just whiz through, and most of these will be looking, doing our Cleveland cliffs. I want to show you Cleveland Cliffs. Do you want to see big money Footprints Have a look at this 1, 2, 3 retracement Ovi changes lots of volume. Nice little area here to buy. We were all over this in my group. This is a beauty. It's a bit overboard at this point in time. 76 00:17:07.010 --> 00:17:14.500 Guy Cohen: and maybe Jack's going to say about that later. But have a look at these bullish looking stocks and decent covered calls 77 00:17:14.510 --> 00:17:43.319 Guy Cohen: it one click. I wasn't even supposed to do that. But anyway, there you go, and that's how good. But I believe in speed. Okay. So I make my software able to do things quickly for me, and it's very, very cool, and I know, like Celeste. You probably like it even more night. You weren't expecting that, were you? That's right? Okay? Well, Jack's talking about covered calls. Here are some covered calls for you, and you're gonna see here. I I could show you even some amazing stuff. But you'd see here what the user is on these things the maximum roi's 78 00:17:43.500 --> 00:17:46.669 Guy Cohen: all for options, anyway. That's not really what I' to talk to you about today. 79 00:17:46.750 --> 00:18:05.420 Guy Cohen: I'm gonna go through some stocks with you. Okay, that's what i'm supposed to be doing for you. How many minutes have I got left? Minus 3. Yeah, yeah, you got you got a good 5 min. Oh, good. Okay, let's go through some stocks, and I just tell you i'm gonna upload these stocks into a chat. By the way, these aren't recommendations, but they are just something for you to go, and 80 00:18:05.430 --> 00:18:23.490 Guy Cohen: you know, sniff around with. So i'm just gonna give you the upload of that. Then not just take notes. I yeah, I already did that for you. I downloaded down the little download here, export. It's all happening with my stuff, right? Any. This is a recent networks. This looks more bearish than bullish. 81 00:18:23.500 --> 00:18:34.889 Guy Cohen: and it looks like it's doing a waterfall. Negative. Ovi negative volume, and and if it breaks down through 110, then we can expect some downside on that one. I'm just going to be really super quick guys on this one. So nothing. 82 00:18:35.280 --> 00:18:50.590 Guy Cohen: by the way, I have a journal as well, which is kind of cool on the right hand side. If I've written a note on, I can to see which notes I've written on it. So I might do that from time time, because I don't want to forget anything to tell you. Stuff? Oh, yeah, this is a cool one little note I wrote earlier in my journal. 83 00:18:50.600 --> 00:18:59.530 Guy Cohen: I've got some bear call spreads on this one. And if this stock the fee 23125 to 130. So that 84 00:18:59.820 --> 00:19:18.569 Guy Cohen: back hold, spread, Jack, you're a You're a credit spread. Guy, you're you're an option seller. You love this because we've got that to one click. You find this stuff. But this is a that. Now, this is the you know way you're looking at. This one in particular, is you're looking for your break, even to be above that 50 day key level. So nice lot of resistance in there. 85 00:19:18.580 --> 00:19:23.230 Guy Cohen: Now you could do this on the eighteenth of January. 86 00:19:23.240 --> 00:19:51.769 Guy Cohen: at 1 15 the february, 125 to 130 back, all spread credit. Spread money in your pocket on that one. On the eighteenth you could do it at 1 15, and then to on the nineteenth, literally a day later. You could do it at almost half at Point 7. You could buy it back for point. 7, 5 is a big profit in there on that one. If you did. The 1 20 to 125 is a little more aggressive If you did that one. You could have done that one at 180 net credit in your pocket 87 00:19:51.780 --> 00:20:08.350 Guy Cohen: on the eighteenth by the nineteenth. That was only 1 10. So, Jack, we're gonna have a good chat on that one. I'm: sure you gave me the opportunity. It's very good. I didn't expect it. Okay, a. B. Whoever these guys are that looks like potentially, potentially 88 00:20:09.050 --> 00:20:23.739 Guy Cohen: some potential bullishness in this one, we have a big move consolidation. There, look at the pattern recognition in the software recognizes the pattern, gives you a big money by so bullish. That looks interesting. If it breaks out. Okay, it's not a recommendation. It's got to break out of that little high 89 00:20:23.750 --> 00:20:39.839 Guy Cohen: area there, that's a Vb: I'm just gonna give you some stocks. I'm looking at. This is a Vanta. I already was talking about this last weekend. It's already started to creep out. Started to creep out. It's just a little bit, but the don't chase, by the way, never chase 90 00:20:39.890 --> 00:20:57.549 Guy Cohen: B. A. H. This one, if it can. This is booze, Allen, I thought. This is selling alcohol because of booze, but it's actually a little financial consultancy, but I thought it was all about booze. But what i'm looking for here. This looks like it's got lots of nice downside, but I do want to see it come back to that 200 first 91 00:20:57.570 --> 00:21:15.040 Guy Cohen: nice negative obi. Look at all that selling pressure, all that supply in the market that makes things cheaper, obviously, and that will drive that price down if it consolidate and go down a bit more consolidate up towards that 200 day moving average that might make for a lovely thing, Cleveland Cliffs. I've already told you about 92 00:21:15.050 --> 00:21:34.230 Guy Cohen: cold. This is, I don't know what this these guys do, but I found it because it's forming a bull flag in there, and it's looking pretty interesting. Something's going on here, but it does need to break out. Just monitor These have a look at them. Kappa software. This is cool because Kalpa was a buy out and have a look at what was going on 93 00:21:34.240 --> 00:21:39.129 Guy Cohen: before. So by out december 2,022 that's in my journal. Let's just take that away. 94 00:21:39.610 --> 00:21:50.980 Guy Cohen: But what you see, here is a big move right through its key level Ov: I starts getting interesting. Volume starts getting interesting, and then you get the buy out afterwards. So we find these buy out sometimes as well. 250. 95 00:21:50.990 --> 00:22:09.850 Guy Cohen: Ge. Is this one? Now, Jack, another one for you here just happened to have this. This. This was in the list. There is a concept of being overboard. Okay, this is overboard. Okay, you've had a beautiful setup here. Just look at this. That nice consolidation in here. Obi was mainly positive. 96 00:22:09.860 --> 00:22:32.470 Guy Cohen: dips into the into that key level. Lots of nice big money footprints. There, there's your move, but it's overboard now. So now you could set potentially a bar yeah around here or here, you know, 85 or 90 to start, maybe doing a back hole spread or something there off it's something like that so a nice credit spread a a la la Jack Kind of stuff. 97 00:22:32.480 --> 00:22:45.499 Guy Cohen: This is Hz and P. This was a buy out. But look at what happened before. Okay, this is just just showing you the power of this stuff that we're looking at big money footprints. This is the earnings Report 98 00:22:45.510 --> 00:23:05.020 Guy Cohen: consolidate. We've had the big move now the Obi gets interested, and then we get the buy out afterwards. So it's kind of cool. Now. Obviously looking for buyouts is one thing, but sometimes just a great setup will be the prelude to the buy out. So just think about that great quality Setups is what it's all about. This is lamb Western. 99 00:23:05.480 --> 00:23:31.410 Guy Cohen: I've like that in many times, but I think right now we're probably in the overboard territory. You know this is not a tech start that's going to go up by 50% in in 3 months, or something like that. So it's just a little bit removed from that 50 day moving average that likes to hang on to. So maybe another potential credit spread in there as well. I've got a note in there, my Journal. Okay. So the February 100 to 105 bare call. 100 00:23:31.420 --> 00:23:45.050 Guy Cohen: was up 1 65 on the seventeenth of January, by the nineteenth of January yesterday that their call spread was at 60, so you more than well, you'd almost 101 00:23:45.060 --> 00:24:08.419 Guy Cohen: you 2 and a half x your money on that one by buying it back at 60 cents when you don't be able to sell it at 1 65 the day before. I think, Jack, this is the kind of thing you might be talking about and out by the way credit spreads and not set and forget they are actively managed, and and if you did, the 105 to 110 to a bit further up here on the credit. Spend a bit further away from the money. Better probabilities. 102 00:24:08.430 --> 00:24:17.119 Guy Cohen: but less returns, of course. Then you could have sold that on the night on the seventeenth to 45 cents, and it's worth nothing pretty much today. 103 00:24:17.130 --> 00:24:39.689 Celeste Lindman: Hey, Guy, I wonder if you know if you could jump to. There's there's 4 that i'd like to look at. The Qq. Q. I could see is on your list. Tolyo twl, and then Yum yum yumc. And then i'm curious about Zoe. This. I think that's what that is. Zts got it. Yeah, yeah, by the way, lift is already gone that. But we were highlighting that last weekend that's already popped. Pinterest is 104 00:24:39.850 --> 00:24:58.870 Guy Cohen: potentially it's just faking it a little bit today. That's okay. So on this one. Look. You know you you think on this one. Ovi is not participating. It's not participating in any of the indices right now on the on the recent uptick. So it looks like a potential, what we call a waterfall in the making. So we 105 00:24:58.880 --> 00:25:05.030 Guy Cohen: beginning to form a little bit of support in this area just around to, you know, just above 270. If it breaks down through that. 106 00:25:05.040 --> 00:25:32.430 Guy Cohen: then that's where we would expect things to to come and take a further debt, but it's difficult to be bullish right now about the about the tech area. This is F. G. This is another. Buy out, by the way, just just to keep you happy, Celeste. I know i'll cover the other ones for you in just a second. But look at this beautiful setup right here hugging that line, it breaks out and eventually ends up. Being a a a buy out. It was just a good setup. 107 00:25:32.440 --> 00:25:40.659 Guy Cohen: Oh, by the way. I just do surrept a while. I'm at it as well. So Repta is pretty cool. That was 108 00:25:40.740 --> 00:25:44.380 Guy Cohen: that potentially. If we look at Surrepta right now. 109 00:25:44.420 --> 00:25:45.790 Guy Cohen: have a look at this. 110 00:25:46.740 --> 00:25:51.090 Guy Cohen: It's gone into that key level. Look at the lovely Ovi, and look at that 111 00:25:51.120 --> 00:26:05.699 Guy Cohen: That's if that pops that looks good, reasonably immune to the economy being what it is, them being what it does. In other words, it's biotech stock 20. I got your ones now, the last 3 for you. 112 00:26:06.240 --> 00:26:07.670 Guy Cohen: So last, okay. 113 00:26:07.710 --> 00:26:14.019 Guy Cohen: this with Twilio. The reason I have it in is another one for you. So left I. I worked very hard on your 114 00:26:14.030 --> 00:26:33.550 Guy Cohen: a half. Here it's a pull back potential. Okay, that's the little note I've got in there. That's why I did it. Because so you might have found it if you got a little hidden aend to here, because you must have found it because it's. If you look in here, you probably find that it's in here. Look! It's in one of my fast filters. Pull back reversal, bullish, so it's up. Pop. 115 00:26:33.560 --> 00:26:52.670 Guy Cohen: hold back, and it might well pull back a little bit more into the into that 50 day key level. So that's kind of interesting. But you were asking me about pullbacks here, one I his one that prepared earlier. Yum brands. Well, what's interesting about that? One is again, it's another pull back into the key level. Obi has been okay. 116 00:26:52.680 --> 00:26:58.539 Guy Cohen: So again, we're looking for some kind of consolidation in here before potential lift off in that one. 117 00:26:59.060 --> 00:27:04.969 Guy Cohen: And finally, zo 8 is so I got a journal note. No, no, no, no for that one 118 00:27:04.980 --> 00:27:21.549 Guy Cohen: but this one I was kind of interested in as we got busy around here, and it's what we now want to see is a consolidation just above that 200 day moving average for a safe entry, because it's not just about the set up being good. It's got you got to have a safe entry, so you can be in control of the trade right from the very beginning. 119 00:27:21.770 --> 00:27:40.299 Guy Cohen: Consolidations are good for safe entries, because you know where you're entering, and you know where you're likely Stop is going to be. You can. You can wrap your trading plan around a consolidation. But the key to so many things in trading is is is your level of attention span, and not being bored, and being able to find setups that resonate with you 120 00:27:40.310 --> 00:27:56.009 Guy Cohen: quickly, and that I build my entire infrastructure around speed of finding things. I do not want to be spending 5 h trying to look for trades. I want to find them in few minutes. I do have different iterations and different, you know, styles, but within the same style. I you know I can. 121 00:27:56.020 --> 00:28:01.240 Guy Cohen: I can have different filters, but I don't want to be spending hours looking at my screens, and that's it. I think i'm on time 122 00:28:01.250 --> 00:28:31.240 Celeste Lindman: you are. You're on that spot on that's fabulous. That really interesting thanks for going through all of those. And yeah, I think so. Adis is in animal health, like Don't quote me on that. But I think that's what it is I can find. I can look at it for you because it's. I was curious about it, because it's some scans a couple of times. But but you know that anyway. Animal health, and hey, I want to point out to that. That guy is going to be in Miami in April. It's going to be a phenomenal event. I'm planning on attending as well. So I I just think it's really cool. I think that these guys 123 00:28:31.250 --> 00:28:39.750 Celeste Lindman: are all on to something, you know. With the All goes and with the options, the volume, everything there. So whenever you get a chance to really learn from these 124 00:28:39.760 --> 00:29:08.079 Celeste Lindman: really brilliant guys. I think it's really really cool, so it's a less. You're going to be in Miami as well. I am I? Am I'm planning to be there? I just. I just sent you your room rate. It's a half price room rate right now it sure is. It's really my husband and I are going. It's going to be really awesome. Can't wait. So I hope all you'll be able to join us as well. So now we've got got 2 things. We've got Jack's event at 1 30 we've got, you know. Guys have been coming up in in April. You'll hear more and more about the things going on. So 125 00:29:08.090 --> 00:29:12.989 Celeste Lindman: so so. Thanks, Jack. Do you have anything to add to what you saw there? With what Guy was showing. 126 00:29:13.060 --> 00:29:17.570 Jack Carter: Yeah, the only the only thing I saw is Guy, wouldn't you rather just let those 127 00:29:17.990 --> 00:29:34.529 Guy Cohen: their call spread expire worthless rather than buying it. Well, you know. No, I actually we've tested it. So I have a quant team, and we test everything to real real high stand. Now I know that you, you know, with discretionary trading 128 00:29:34.680 --> 00:29:40.269 Guy Cohen: and quant train. They are kind of different, but we look to see where the odds might be. And 129 00:29:40.280 --> 00:29:56.849 Guy Cohen: here's the problem with waiting to expiration. You're squeezing that last bit of juice out of the lemon. And what happens if there's an announcement that suddenly comes and surprising it pops to the upside, or there's a short squeeze potentially. So you know what I've learned, and I've learned this for as much from, because I 130 00:29:56.860 --> 00:30:00.679 Guy Cohen: i'm not that kind of trader, but I've learned for some pretty 131 00:30:00.970 --> 00:30:12.699 Guy Cohen: experience, credit spread traders, and and they every single one of them pretty much says, Look, Don't passively manage these. They are active management, and and when it's giving you a nice profit. 132 00:30:12.860 --> 00:30:17.410 Guy Cohen: at least ring fence that at least take something off the table at the very least 133 00:30:17.420 --> 00:30:46.080 Guy Cohen: so, because you know how it can be with the credit. Spread. Your your risk can be greater than your reward, even though your probability of success out of a success of it is higher because it because the stock doesn't have to actually move for you, and you do have time decay. So you've got the yin and yang of that situation. But if you get, if it pops against you just because you just imagine you've got a stock and just an arbitrage stock that's kind of similar to it pops, and again it pops in sympathy. You could never have known that. And you get 134 00:30:46.160 --> 00:30:48.630 Guy Cohen: you get done, and that's a bummer, and i'm sure it. 135 00:30:48.660 --> 00:31:01.470 Guy Cohen: Anyone who's done credit spread it knows they've been done by a complete outlier which they could never have foreseen, and therefore I just want to make sure that doesn't happen. I i'd rather just get out and find another great one. 136 00:31:01.800 --> 00:31:27.440 Celeste Lindman: All right. Well, let's keep things moving. Thanks so much for sharing this room for lots of different styles. Okay, by the way, everybody is posted in the chat. That wise traders.com. You can go right there and get a lot of information asking about Miami, and so on, and other stuff, how you can get connected with Guy. You'll hear more and more from Guy in the days ahead, so so no worries. And of course you can go Get the recording as well. Let's keep moving, Don. I want to find out. Everybody wants to find out. Come on. 137 00:31:27.530 --> 00:31:48.919 Celeste Lindman: you. You mentioned this to me. You said to me that the Jim Grant recently stated that the Yen is the most important risk in the world. Come on now. You pointed this out. I remember you talked about this back in November. I was there, and and I was I was like, Wow, you know. So bring us up to date as to what exactly you mean by this. And Why is this the case? 138 00:31:49.260 --> 00:31:55.139 Don Yocham: Yeah. Well, I think so right now. You know what you have is a lot of absurd 139 00:31:55.200 --> 00:32:06.330 Don Yocham: kind of binds that the central banks find themselves in right. They you can put, as you know, they spent 20 years painting themselves in a corner, you know they they they've been 140 00:32:06.360 --> 00:32:11.900 Don Yocham: yeah, moving towards the edge of the cliff in unison. You know now that we, however, you want to frame it. 141 00:32:12.340 --> 00:32:21.630 Don Yocham: They're in a really tight spot, right? The fed is absolutely tightening into a recession. Right? They They spent all their bullets the last 142 00:32:21.650 --> 00:32:33.460 Don Yocham: 15 years, and and now they're actually building up their ammo right by raising rates to fight the next recession, when we're actually, you know, headed right into it right? So that's 143 00:32:33.770 --> 00:32:46.189 Don Yocham: that's kind of a a ridiculous situation. And and in the Ec. The Ecb is both buying bonds and selling bonds simultaneously in order to you know they they're buying back bonds to like 144 00:32:46.200 --> 00:33:02.089 Don Yocham: support it Italy and their crappy rates and their crappy credit. But same time, you know they're selling bonds to pull euros off the market, you know, to kind of find inflation. They're they're completely all caught up the the Uk. The Bank of England almost went 145 00:33:02.220 --> 00:33:21.009 Don Yocham: belly up when, a few weeks a few weeks ago, the shortest Pm. Prime Minister term in history, right almost broke their pension system because they have all these little fake interest rate hedges going on inside the the pension plans to lock in these rates, and 146 00:33:21.110 --> 00:33:40.059 Don Yocham: you know that almost blew up the system, and they had to kick the Pm. Out right. They cute they basically and in Japan that you know. That's that's they were the first to go. You know the completely crazy back in the late nineties with quantitative easing 147 00:33:40.070 --> 00:33:58.920 Don Yocham: trying to growth, and now they find themselves having both buy in to support it in the Fx market. At the same time. They need to sell Yen to stimulate growth, and within a few months the pace at which they're having to furiously maintain their their low yield environment. 148 00:33:59.410 --> 00:34:16.929 Don Yocham: They will own every single Jgb. Every single Japanese Government bond in the market. They'll own it. There'll be nothing there'll be no one left to buy to. Who knows what happens? I don't know, but they're just they. They just have to continue to to go after this, and they they threatened to let rates rise. 149 00:34:16.940 --> 00:34:26.059 Don Yocham: you know, and what that ended up with them, just having to buy even more. I I mean. So they're everybody's caught in these binds, and it's really hard to 150 00:34:26.070 --> 00:34:42.469 Don Yocham: chart exactly how it's going to unfold, you know. But I it maybe I think with all that said, that's that's where we are now, right, and and yes, the the of all of them. The Bank of Japan is in the most precarious position. You know. We've got 151 00:34:42.480 --> 00:35:01.649 Don Yocham: this kind of semi chaotic position going on in the markets, but everybody kind of everybody just kind of blows past the the war in Russia, you know. And then the energy crisis that we didn't so it and everybody very short-term memory right? Every of the only thing people are focused on. Is that going to taper right that's it Can we get back to stocks is going up. 152 00:35:01.660 --> 00:35:19.669 Don Yocham: Please don't bother me with the reality of the world, right? And I guess why my job is no hey? Digging right? There's a lot more going on, and I think of the things that can go wrong right? You never know exactly what's going to go wrong, and but when you get in these kind of prime. 153 00:35:19.680 --> 00:35:30.140 Don Yocham: very volatile situations. All it takes is one thing, and that one thing could very well be the Bank of Japan, and you know. Let me just kinda 154 00:35:30.210 --> 00:35:47.960 Don Yocham: walk you through. I'll share my screen, and i'll just go through a few charts, kind of show where central banks and in general, and where the Bank of Japan is in relation to that. 155 00:35:48.470 --> 00:35:52.990 Don Yocham: So all right, so let's find back history. Right? Let's let's there. There's 2 156 00:35:53.040 --> 00:35:58.650 Don Yocham: central bank errors eras that are meaningful to us right pre 1,998, 157 00:35:58.660 --> 00:36:17.349 Don Yocham: and basically post 1998, and the reason I use 1998 was because in 1,997 we had the long term capital management agent. You guys all remember. Possibly possibly maybe you do. Maybe you don't. That was the first time the Central Bank said, Holy Shit, we got to bail these guys out right that that was a new era. 158 00:36:17.440 --> 00:36:21.779 Don Yocham: They bailed out the financial system directly right, and 159 00:36:21.800 --> 00:36:27.819 Don Yocham: the Bank of Japan, which was on the receiving end of all this Asian financial contagion. 160 00:36:27.830 --> 00:36:44.129 Don Yocham: You know they they'd been trying for almost 10 years to prime the pump, and now they were faced with even more setback. So they started quantitatively. They started buying bonds directly in the market. You know the sports. So that was in, and that's what they started that in 1,998 about 10 years later. 161 00:36:44.140 --> 00:36:51.290 Don Yocham: the us and Europe and Uk all got in the game one after the other. As a result of the next big 162 00:36:51.450 --> 00:37:04.829 Don Yocham: financial crisis, which was the second time the central bank stepped in, and it way more right to bigger. And this is it that's just that. That that's a whole that's that's the new era that's the current era before that 163 00:37:05.400 --> 00:37:07.570 Don Yocham: was, you know, central bikes. 164 00:37:07.700 --> 00:37:10.150 Don Yocham: We're. 165 00:37:10.320 --> 00:37:11.109 you know. 166 00:37:11.150 --> 00:37:27.620 Don Yocham: It was hard to argue, you know you could still have take the view that central banks, you know, are trying to do too much. They can't have enough information to actually manage the system, they but it but it was working right. They had kinda had this system and and it, you know, they could stimulate, and they could get 167 00:37:27.630 --> 00:37:31.750 Don Yocham: a return from that stimulus right, and they could kind of lift economies out. 168 00:37:32.680 --> 00:37:42.579 Don Yocham: Well, if you so let's what did it in one way to think about that? What the central bank does is right. They create the money 169 00:37:42.690 --> 00:37:46.399 Don Yocham: which then allows the rest of the world to leverage themselves up. 170 00:37:46.720 --> 00:37:56.710 Don Yocham: Okay, that's the key. You You can look at all kinds of other metrics, but at the base it's. Each central banks has their money supply, which they create by buying bonds. That's 171 00:37:56.880 --> 00:38:01.000 Don Yocham: 100%. The way it works right. It's the only way it's worked since 172 00:38:01.190 --> 00:38:13.639 Don Yocham: 1,913 right? All right. So that dynamic buying bonds to create money, you know debt. You have to borrow money in the to existence. Okay, that's the world we live in, and that 173 00:38:13.690 --> 00:38:33.109 Don Yocham: then gets reload and re-lever and we level lever through the banking system. But it's all on that tiny base, right? And that hopefully, what happens from all that re leveraging is, you have productive investment that create drives growth right. Either you got consumption pulling every you know. Hey, make more. Make more. I want to buy it, or you got, you know. 174 00:38:33.120 --> 00:38:43.079 Don Yocham: production creating incentives, blah, blah, blah! And that so they all of that feeds to to hopefully a higher level of economic growth. All right. So you've got base money 175 00:38:43.280 --> 00:38:58.010 Don Yocham: that they're creating, and in the Gdp that gets laid over the top of that right. And so for most of the time that Gdp vastly out to exceeded the amount of debt that they created. That was. And here, if you can see this, what do we got? 176 00:38:58.640 --> 00:38:59.979 Don Yocham: I've got 177 00:39:00.250 --> 00:39:18.909 Don Yocham: I can't. Oh, you know this this thing is. Oh, there we go. Okay. So here's the United States, right? And they actually because of their position as the reserve currency of the world. And you know, basically, bank the Banks bank to other central banks, you know. They ran it around that ratio. If you took that Gd Central Bank assets. 178 00:39:18.930 --> 00:39:21.780 Don Yocham: you know, and divided it By the G By Gdp! 179 00:39:22.340 --> 00:39:28.589 Don Yocham: Right, it was right around 5% right? So the Gdp was 20 times bigger 180 00:39:28.700 --> 00:39:40.780 Don Yocham: than the Central Bank assets right, and that's the way you continue to see how this took off, and it got worse. So this chart going up means you're getting a lot less growth for every 181 00:39:40.980 --> 00:39:51.760 Don Yocham: dollar of debt that if Central Bank creates all right. And so we're checking along here at 5. That's what I want. That's the first thing I want you to see. So that's from the set, you know. Well, into the early sixties. 182 00:39:51.770 --> 00:40:01.869 Don Yocham: through 2,000. Here you have Japan. I mean they're very low, like 2, 4, that same very low ratio right? And then they started to take off here in 1,998. 183 00:40:02.420 --> 00:40:18.959 Don Yocham: You go to Germany, which, you know, basically was the precursor for the Ecb Same sort of thing, very low they they such a bank, had to be very little, and the economy did most of the work. That's basically another way of looking right to see this interesting and France. Okay, very well. 184 00:40:18.970 --> 00:40:38.399 Don Yocham: all up until and what's this last when I got here? Oh, yeah, no, that's oh, and then the Uk: okay, and and then the well, this is they. They had all kinds of issues, and this data only goes. Go back to 2,000. But you would see pre 2,000. You know nineties, eighties. You'd see a similar thing. Let me the 185 00:40:38.410 --> 00:40:41.060 Don Yocham: now did I share my whole screen? And one thing, if I 186 00:40:41.280 --> 00:40:43.849 Don Yocham: show you this, do you guys see a spreadsheet chart? 187 00:40:44.210 --> 00:40:49.899 Don Yocham: I don't see the spreadsheet I Still, I need to. I I shared it in a limited way. 188 00:40:52.040 --> 00:40:52.819 Now 189 00:40:52.860 --> 00:40:58.469 Don Yocham: that was, you know I wanted you guys to focus on pre 2,000, but since 2,000 190 00:40:58.490 --> 00:41:05.619 Don Yocham: here's how it looks for the main central banks right between Japan, the Ecb. The Federal Reserve Bank of England. 191 00:41:06.770 --> 00:41:07.799 Don Yocham: Japan 192 00:41:08.000 --> 00:41:08.910 Don Yocham: right here. 193 00:41:09.300 --> 00:41:20.160 Don Yocham: This is the now. Remember, they were all below that, you know this gray line down here. They were all up the prior to this period, they all running around 5% or less. 194 00:41:20.380 --> 00:41:28.169 Don Yocham: and then, of course, in 2,007, 2,008, it took off right in Japan, being the most egregious of them all, you know. Now they have 195 00:41:28.240 --> 00:41:40.619 Don Yocham: far more assets. They have more debt than they actually have. Gdp. Right they you! They are getting less. They are getting they putting $1 into the system and getting 196 00:41:40.740 --> 00:41:59.140 Don Yocham: 80 cents out. 70% sense out right? That's that's not a sustainable type of era, right? And so when this is of what a lot of the this century's growth has been dependent on, is central banks doing just this very thing now by comparison. And this so this is this to me, is the clearest 197 00:41:59.150 --> 00:42:13.279 Don Yocham: representation of why they are where they are right to get into this kind of Neverland, and it just creates all kinds of absurdities, and that's what they're facing right. They're like. Oh, my God, we're in the corner, you know, and and they have to manage their way out, which 198 00:42:13.330 --> 00:42:19.649 Don Yocham: they can't. There's nothing they can do. They're trap, you know, next, though, but that's you know. Then you've got 199 00:42:19.680 --> 00:42:27.239 Don Yocham: other banks. Then you've got the Ecb. Is is is up massively right. These are 5 to 6 times 200 00:42:28.500 --> 00:42:47.210 Don Yocham: larger than they were for decades before, right and it, you know, I I Frankly, I think that you're gonna see crises, and you know just a completely changing of the game. And the Bank of Japan is going to face that first, and then probably Ecb. 201 00:42:47.310 --> 00:42:59.740 Don Yocham: And then probably Bank of England, and then finally the Us. You know this is, did they? Exactly. That's right once it gets. If the Gd. If Japan gets taken care of one way or the other right. 202 00:42:59.760 --> 00:43:17.799 Don Yocham: then the east, then it just all piles on the Ecb right, and then then the Bank of England. So I I think it'll happen in that, or you know doesn't necessarily have to. But this is what this century has been about the growth right? We we really reached the end of 203 00:43:17.810 --> 00:43:20.610 Don Yocham: the system, being able to manage itself 204 00:43:20.660 --> 00:43:21.979 well. 205 00:43:22.250 --> 00:43:28.930 Don Yocham: It could have if the if the central banks would have allowed the economy to correct, you know, let businesses fail. 206 00:43:28.990 --> 00:43:38.440 Don Yocham: I have Japan actually allowed companies to go out of business, and people go unemployed, and then somebody has to go back to work and find something new and create something new. All of that. 207 00:43:38.570 --> 00:43:55.009 Don Yocham: you know that would be different. But instead, we spent the last 20 years propping up Zombie banks, zombie companies, and and and that lack of efficiency is now, the Major. It is the major load stone hanging around our neck. 208 00:43:55.960 --> 00:43:56.680 Celeste Lindman: Wow! 209 00:43:56.780 --> 00:44:05.449 Celeste Lindman: That's that's a lot that's a lot that you shared right there, and and that's a chart. Probably 2 people could go and get themselves as as well right. 210 00:44:05.550 --> 00:44:22.250 Don Yocham: Oh, that's what you know where i'm going to be running a piece tomorrow. I I put this chart together. It's it's you know it's all. All the data is pulled from the database. Most Federal Reserve database. So this is a Donyokum chart. Wow. 211 00:44:22.860 --> 00:44:31.709 Celeste Lindman: Yeah. Yeah. Yeah. Well, I know I'd I'd I don't want to jump ahead too much. But I but I because I have a couple of other questions I want to ask you, because 212 00:44:31.820 --> 00:44:40.339 Celeste Lindman: I mean it's kind of a frightening picture there. We need to be very, very aware. But do you have an event going on tomorrow where people could catch more information on that. 213 00:44:40.980 --> 00:44:57.619 Don Yocham: No, we don't have an inventor going on, or anything like that. But I mean I you know. I guess the the way to think about this, the way to to you know it. It's it's easy to sit there and say, oh, my gosh, what what? What does that mean? Right? So so really the main theory here the main thesis is. 214 00:44:57.730 --> 00:45:00.049 Don Yocham: Look, you know we. 215 00:45:00.120 --> 00:45:02.419 Don Yocham: there's a reason stocks went up. 216 00:45:02.470 --> 00:45:14.100 Don Yocham: Some of this very good people work hard, and you know we invented new things, and you know all of that stuff like that. But the backdrop was, you know, some underlying fragility that we were masking right, and 217 00:45:14.110 --> 00:45:22.640 Don Yocham: that's all coming to an end. The the amount of returns possible over the next 20 years. Aren't going to look anything. What was 218 00:45:22.740 --> 00:45:38.359 Don Yocham: possible over the last 40 years, right? Well, I guess it. 20 years something 20 or 30 years is, you know, when we really saw most of those returns right, but the the that that time is very different. So just going out there and Hope the stock, you know all this hoping for the stock market to go up. Isn't going to cut it. 219 00:45:38.370 --> 00:45:54.450 Don Yocham: and you just gotta it. It's it's active trading is back. You know that passive. You up long. Only buying home is done. You gotta be in there. You gotta step in the game. I mean, guys got solutions. Jack's got solutions, and and and my big thing is just to take an at that every day. 220 00:45:54.460 --> 00:46:21.630 Don Yocham: Small trades, you know. Do what you can every single day, just to get an idea out there and feel what's working. Go ahead. Let's just jump right into that guy because we're all we all want to be there too, you know, being active in the market, and I I have heard a similar thing, Don, what you've just said about the next 20 years, but coming at it from a different perspective and that kind of low return. So you're right. I mean, you gotta be able to be able to get in the market and get some money out of it. 221 00:46:22.110 --> 00:46:32.850 Celeste Lindman: I, or should we just run to the hills? I don't know. I mean, do you have a way that you can show us how you're trading this market. Given what you have just shown us, and what you know to be true. 222 00:46:33.350 --> 00:46:36.870 Don Yocham: Well, now, the way I what I do, because i'm kind of 223 00:46:37.130 --> 00:46:48.430 Don Yocham: you know it's a very chaotic environment, and you know it's, you know I don't want to hang so much on. 224 00:46:48.440 --> 00:47:03.409 Don Yocham: you know, at the big themes, because stock markets, you know, can move up into Mcdonald's volatility means it goes in both directions, and certainly you know it. It it it it works for a while, and then you know it turns around. And so you know, in my trade. 225 00:47:03.760 --> 00:47:18.450 Don Yocham: looking to take less out of trades and that sort of thing, and you and what I do, and we've talked about this a lot here is that you can see my think or swim screen right and then fully. I was looking at been looking at Twilio. This this volume profile, how the volume 226 00:47:18.470 --> 00:47:27.099 Don Yocham: shaped out over. Time is kind of my main indication. And then, of course, there's this: we've got this opportunity Zone Indicator: that helps 227 00:47:27.320 --> 00:47:38.879 Don Yocham: put dimension around this volume profile, and what i'm looking for is periods like this, where the volume is building as it goes higher. So this is kind of indicating a near term pop for Twilio 228 00:47:38.990 --> 00:47:58.219 Don Yocham: right? Or when you've got let's let's look at Today's rage bound to kind of pretty wide range bound activity. Here's the S. And P. 500 features right? And so you've got this volume that failed up here at high levels, and I've been shortened a couple of times throughout the day. Here we'll see how this works. 229 00:47:58.950 --> 00:48:02.879 Don Yocham: And you know my idea is that 230 00:48:03.010 --> 00:48:17.229 Don Yocham: you know, if it when it fails on lower volume, and you can see at which prices. It starts to fail, you know it'll quickly move back through to the here, which is effectively the consensus price. They call it fair value. But there, there's some no such thing as fair value. 231 00:48:17.310 --> 00:48:36.030 Don Yocham: This 39, 18 on the S. And P. 500 is where most of the trading has happened, and there's, you know, a lot more trading around that price than there is up here at these higher prices, you know. So to me this kind of acts like a a sign that it could make a move back down right. It's kind of gone too far today. 232 00:48:36.040 --> 00:48:42.060 Don Yocham: so that's the the main tool that I use without having to. You know, worry about 233 00:48:42.240 --> 00:48:55.950 Don Yocham: too much about the fundamentals, because fundamentals don't matter a a whole lot in this kind of environment, and without actually hanging myself, you know, hanging my hat completely on. You know the macro thesis, and that Macro thesis 234 00:48:55.960 --> 00:49:07.210 Don Yocham: includes a lot of volatility, right? So I just kinda this in this way. I'm just saying, hey, what's the market telling me about? Where demand we're demand and supply of stock is, and what's that mean for the price over the near shore. Right? That's that's my tool. 235 00:49:07.520 --> 00:49:17.209 Don Yocham: but one of the things that I so I use this. This is, you know the I spend all day looking at these. But what I then do is when we 236 00:49:17.490 --> 00:49:34.740 Don Yocham: subscribe, people can take advantage of that process is my daily pick. Right? That's that's where I get all the the at bats we've got every single day I come up with a a trade idea. It's 9 bucks a month, so it's nothing 237 00:49:34.750 --> 00:49:48.680 Don Yocham: right You get for for 9 bucks a month. You get the trigger price, this target price and the stop loss. I tell you you know what's the what ticker? Where to get in, where to get out and where to put your stops, and you know it with 238 00:49:48.780 --> 00:50:02.050 Don Yocham: all of these market moving forces right. And this kind of chaos that we're looking for. It's the way to kind of pick and test the waters and see what's going on in the market right and and and feel when that momentum is building. 239 00:50:02.550 --> 00:50:07.260 Don Yocham: That's really what I that's what that's what it does for me, and I hope that's what it does for other subscribers. 240 00:50:07.270 --> 00:50:29.820 Don Yocham: And you know I want you guys to join it. I'd love to for you guys join. We've got. We've had a a lot of people join. I love putting out my put out daily breeze every single day where I kinda give a big picture of you and then talk about the pick in general, and then they get an email every day with the specific instructions along with the telegram channel access to a telegram Channel, where I post that stuff in the trade as soon as 241 00:50:29.830 --> 00:50:44.089 Don Yocham: I figure out what is going to be for the day. But every single day they get a trade. And again, like I said, it's just 9 bucks a month. You can go to prosperity. Pub. Here's all this stuff. Figure out how to join, and just be a part of it. 242 00:50:44.460 --> 00:50:57.049 Celeste Lindman: Yeah, Got it right here. Here's your daily pick. I love it. I love getting involved there with Don you? You've heard him, I mean he's just brilliant one he has to share, and the inside I mean he. He comes at it from his own. 243 00:50:57.060 --> 00:51:26.100 Celeste Lindman: You know head that he brings all this knowledge all his years of experience, and he shows a great great strategy. So I love getting that daily pick. It's like getting the Daily News, you know, big, but getting the right kind of news, and that right kind of perspective. I don't have time to go dig through all of those types of charts that that Don does, but I love it when he brings it to the table, and on these daily picks really gives me great direction, and really helps me to check my own thought process on the market. So I highly recommend you. Go get involved. I mean, yeah, it's like. 244 00:51:26.110 --> 00:51:33.179 Celeste Lindman: It's about the price of a cup of coffee nowadays with inflation and my favorite cup of coffee. You're right. 245 00:51:33.190 --> 00:51:49.550 Celeste Lindman: It's, nuts. So do this instead, and you can buy as much coffee as you want to. It's just $9 a month. You can go to prosperity pub.com slash daily. Pick, or you can pick up the phone call (904) 416-1776. But just get it and start getting that telegram. 246 00:51:49.920 --> 00:51:50.950 Celeste Lindman: It's amazing. 247 00:51:51.240 --> 00:52:01.160 Don Yocham: Yeah, you know. And I I saw a couple of comments in here. One thing I would say is right now on the currency front. So we were looking really good on the currency side up. 248 00:52:01.280 --> 00:52:11.249 Don Yocham: So this few months ago, we basically log a dollar and and short the rest. And and I and I felt pretty smart for a while, and then, of course, so that that that quickly reversed itself. 249 00:52:11.560 --> 00:52:31.529 Don Yocham: I think we've got, You know, this this whole. This is a longer term thing, although the the the, the, the the yen could pose a problem, or the Bank of Japan cause a problem, you know, at any time. But you know these are. These are longer term themes, right, and these are These are macro forces at work 250 00:52:31.540 --> 00:52:33.569 Don Yocham: right now. I'm just picking. 251 00:52:33.780 --> 00:52:42.760 Don Yocham: really just focusing on the short, quick hit so good. I I say this because somebody asked, do I go short to yen? I mean at some point. Yes, but 252 00:52:42.770 --> 00:52:59.900 Don Yocham: you know. Right now there's not a whole lot of clarity between gold and Bitcoin and dollar, and all the various Fx products. There's a lot of uncertainty right now. So I haven't seen anything that looks clear right now for short term trade. But the opportunity is to basically short those 253 00:53:00.370 --> 00:53:04.909 Don Yocham: a other currencies versus the dollar, you know, over 254 00:53:05.440 --> 00:53:09.220 Don Yocham: 1218, 24 months. 255 00:53:09.270 --> 00:53:09.959 Yeah. 256 00:53:10.160 --> 00:53:40.120 Celeste Lindman: Well, I think the keys to you like, you know everybody who's listening. And you see these guys these panelists here, I mean, they've got. They've got decades and decades of experience. They have been trained at just the top top places. They've learned the old school way of doing things, but you know they all. They're all jacket. If I could speak for them, You guys chime in as well Jack, Guy and and and Don, you know this this short term trading. It's not so much in that. Diversification is not in that long term holding holding. Holding. It is in this 257 00:53:40.130 --> 00:53:57.110 Celeste Lindman: the ability to get in the market in and out at the right time, Like Don, said he's he just gave you a longer term perspective. But he's going in there on this shorter term timeframe, and that's how he's really getting and making a living out of the market as opposed to you know, by and hold year after year. 258 00:53:57.900 --> 00:53:58.529 Yeah. 259 00:53:58.600 --> 00:54:17.740 Guy Cohen: Yeah. And and if you are gonna if you are gonna do, but on this room and for by and hold in everyone's personal portfolio. But if you are gonna do that, i'm going to then refer to what Jack was saying and saying, you you must do covered rights. If you are, do on your long term by and whole portfolio. If you don't 260 00:54:17.750 --> 00:54:32.250 Guy Cohen: you're throwing away money, so that's one particular avenue for for just free money from the markets is covered. Call writing on your long term. Buy and hold. Obviously, there's a a little bit of strategy to it as well in terms of 261 00:54:32.770 --> 00:55:02.760 Guy Cohen: what you should. My son's just walked in. Sorry guys, but on that that some a long time. Sorry. God. Yeah, You want to be educated right, and you want to know what you're doing. And that's why we bring these pros here week after week, how they are doing, how they're doing it week after week, and they're doing You'll they'll You'll hear Don's longer term perspectives when you sign up with his daily pick. You'll hear his shorter term perspectives. But as far as like, you know, you want to go on vacation. 262 00:55:02.770 --> 00:55:32.450 Celeste Lindman: You and do some things. You want to really make some money. It's really understanding that short term timeframe. I'll tell you that's what changed everything for me was when I when I understood that. And that's what that's what Don is bringing to the table to right here right now is that volume. Look to see where the volume is coming and going, and how you can just take those snippets out of the market, so get signed up. Go to go to the prosperity pub.com, slash daily. Pick $9 a month. It's nothing. It's nothing 263 00:55:32.500 --> 00:55:37.900 Celeste Lindman: you get like the other people we're saying. You can make your own coffee at home if you need to, but get signed up for dawn's daily pick. 264 00:55:39.780 --> 00:55:41.960 Don Yocham: All right. Yeah, we'd love to see you guys there. 265 00:55:41.970 --> 00:56:11.960 Celeste Lindman: Yeah. Oh, I i'm loving it. I mean, I really do. I wait for it Don. It's like it dings me. I love this. I love this telegram, Jack. You're on telegram, too, and I don't know if we have Jack's telegram that you can sign up for, too. But it's just really great getting that insight from these guys before you even trade, because then you can. You can take something like Dawn's ideas, and you can maximize them. You can use it for other trading that you're looking at, and and I've done that time after time again. It's really very, very helpful. So, Don, thanks for joining us guys. 266 00:56:11.970 --> 00:56:41.939 Celeste Lindman: Thanks for joining us, Jack. Thanks for joining us, Jack. I'm gonna see you here in just a little bit about 30 min, I think. Hey, we're gonna head over to ask the pros premium, and good old Uncle Roger is going to be with us there 105 exactly. If you want to get signed up for, ask the pros premium, because you're not. That also, I think is like, I don't know if that's $9 a year or $9. It's not very much, but you get some really juicy stuff, some exact trade ideas, the the entries, the ex. That's exactly what 267 00:56:41.950 --> 00:56:52.949 Celeste Lindman: Rogers thinking about right now. It's going to be interesting to to go over to ask the pros premium because you're going to hear what Roger has to say about earnings right now as well key key points. So, anyway, guys, thanks so much for being with us. 268 00:56:53.220 --> 00:57:00.860 Don Yocham: You're done. We'll see you a great weekend. Bye, bye. 269 00:57:01.190 --> 00:57:03.519 Celeste Lindman: bye, everyone have a great weekend. We'll see you soon.