Market Outlook Live! (Jun 10, 2026)

DT takes a quick look at what the markets are doing today.  Feel free to post questions and comments in the YouTube chat.  Super Chats are always appreciated and are more likely to get a response.

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Transcript

SPEAKER_01 0:00

Once again, going live. Welcome to Market Outlook Live today. Right? So typically I do these as pre-recorded content, but today we're gonna do a little bit of something different. We're doing Market Outlook Live, uh, where we take a quick look at what the market is doing today. So for those of you in the YouTube chat, give me a yay or a nay on the audio. I can preview it a little bit myself.

SPEAKER_00 0:33

Looks like the audio is okay here. Alright, so let's jump into what the market is doing today.

SPEAKER_01 0:43

The market is moving around quite a bit. So uh right now, if we take a quick look at what's going on in the futures markets, let's take a quick look at the ES futures, SP 500. Uh yeah, the SP 500 futures are down 3375. That's about a half a percent down move. We've had a big range. Uh, we actually traded quite a bit lower overnight than we rallied a little bit this morning after the CPI report came out. The CPI reports, a very important inflationary report, and that came out about an hour before uh market opened this morning. And you know, that kind of caused the market to rally a little bit. And you know, it looked like the market really kind of wanted to go up today. It wanted to be a green day. But here in just the last few minutes, it has sold off. If I zoom in here on the one-minute chart, you can see you know, we had a nice rise this morning as the market, you know, in the first hour or so of the market open, and then now we're starting to roll over a little bit. Not exactly sure where this market wants to go today, but right now the ES down about a half a percent. The NQ is down a little more, uh, down 173 points. That's a 0.6% down move in the NQ today. Uh the Russell is actually up today. So we got a little bit of a divergence in the index futures here, both the ES and the NQ down, but the Russell is up one-third of a percent, up about 10 points here. Now, of course, um the ES and especially the NQ are very tech heavy. They're very sensitive to what's going on with some of the memory names and the chimp names right now. You know, a lot of those stocks, your microns and ARM, EMD, Qualcomm, and all of that stuff have been very weak lately. And that is, of course, is holding down the Nasdaq, where the Russell, being the small cap index, uh, is really not affected as much by some of what's going on with AI. If we take a look at the VIX futures, the VXN contract, the VIX futures are up 68 cents today. That's a pretty big increase in volatility. So the market is telling you that the market has some fear, it has some worry right now with what is going on here. So uh a lot of times when I see VIX creeping up like this, I start getting worried, right? Because we had a nice uh contraction in volatility over the last couple of months as the market has gone up. And now things have changed, right? This market is telling you it's uh starting to pump a little fear and uncertainty back into this market. So if we take a quick look at some of the futures that are making big moves today, let's sort by change percent. It's really all about the metals today. Gold down three and a quarter percent. Right now, the GC futures trading at 41.46, down 140 points. If we zoom in, you can see this has been trending lower. Really, it's been trending lower for a while, really for a couple of months. But I would say it was really kind of sideways for much of that, sideways to slightly lower, but starting to waterfall over a little bit. And that has me concerned as somebody that's been uh putting on a lot of bullish trades over the last few months and both gold and silver, especially. Silver is also ugly today. If we take a look at the SI futures, the silver futures are down about 1% here, trading at 64.63. So and very similar, maybe a little more dramatic as far as the the waterfall effect over here, um, but a very similar chart to the gold futures. And for me, yeah, the silver trade has not been a great trade right now. I've got a lot going on in SLV, the silver ETF, which kind of mirrors the SI futures. I've got some shares down quite a bit on the shares and been holding these for a while. And silver, of course, has been going down for a while. That's hurt that share position. I've sold a lot of options around this position, though I've made a few hundred bucks probably in options positions in the last couple of months, trading a lot of short puts and especially a lot of short calls. The short calls have been fantastic on the way down, obviously. So I've done okay on options, but I would like the share price to go up. So if any of you guys have any sway at all over the silver gods, will you please tell them I need silver to start heading back up? Because it's uh you know this chart. If I zoom out, you can see we had the big run up last year, got all the way up to right at 109.50 in SLV. Right now we're trading at 5830. So uh about you know, we've cut that in half, right? We've chopped it in half here in the last few months. So uh not exactly what I was planning for, obviously, when I bought the shares, but it is what it is. Right now, I'm bag holding just a little bit. Some of the other futures that are making moves lower, copper, not a precious metal, right? It's not gold or silver, but copper is down a little bit, down a 0.6 percent, although the copper chart does look quite a bit different than the gold and silver chart. You can see that this has mostly been trending higher over the last few months, where gold and silver have been trading sideways to slightly down. Uh, some of the currencies, they're not really moving around much. The Aussie dollar down 0.2%, kind of a nothing move. We uh sort by change percent to the upside. What are the big movers to the upside in the futures? The CL uh contract here. The CLN6 contract is up 2%. That's a $1.75 increase in oil. Uh CLN6 is trading right at $90 a barrel. I would say that's kind of in its typical range here for the last uh month or two. There's really not much to do about that uh as far as I don't think that's anything unusual. I don't think the rise in oil today is really spooking the market. I think the market uh has got other things on its mind. I think rising inflation, especially, is uh is starting to weigh on this market. I think the AI trade's starting to weigh on this market as far as some of the capital expenditures of the AI trade. I think I think there's a lot of things that are weighing this market down. I think the uh the price of gold and silver being so depressed right now. I think also if I take a look at the BTC futures of crypto. I mean, this chart looks like death on Bitcoin, right? And this is just the last month or so where we've gone from about uh 82,000 in the BTC futures down to 62,000. Right, and this is this is not great if I want a continuous chart. Let me pull up iBit, the Bitcoin ETF here. If we zoom out, no, this does not look like a healthy product here, right? Bitcoin has been trending lower for a while. Now, why is it trending lower? Is it because people just don't care about crypto anymore? Well, I think in large part, yeah, I think that's part of the case. I think really, I think people are rotating out of everything so they can trade the AI trade. I think that's all this is. I think the problem with gold and silver and Bitcoin and even like your consumer staples and consumer discretionary type stocks. You know, people are selling all their shares of Walmart and Target and McDonald's, right? So they can buy Micron, uh, so they can buy Nvidia and AMD, and some of them may be rotating out of some of this stuff so they can participate in the upcoming SpaceX IPO, because that will IPO two days from now, right? On Friday. How will that affect things? Well, I think you're gonna see a lot of liquidity get sucked out of a lot of other products so people can participate in that SpaceX IPO. And hey, yeah, I I gotta be honest, I might participate a little bit in some of the craze around SpaceX once it starts trading. So uh so oil up slightly today. Um the natty gas is up slightly today as well. If we take a look at the NG futures, they're up um up one and a third percent, trading at 3.182 here. Uh natty gas, though, if I zoom in a little bit, you can see it's been trending slightly higher, sideways to slightly higher here in the last couple of months. For those trading the agricultural futures, these are not products that I typically play around with, but corn, wheat, soybeans, all up today. Looks like soybeans are up on the biggest uh percentage here, up 1.1% on the day. Uh bonds, what are they doing today? If I take a quick look at the ZB futures here, the 30-year bond, it's not really doing much. Up one tick, basically unchanged on the day. If I take a look at ZN, which is the 10-year notes, uh, this is up half a tick, right? So the bonds are not moving today. And I think uh long term, I think we need the bond market to turn around and actually start going back up. I think that would be healthy for the market. I think rising yields and lower bonds is bad for the market, obviously. That's not what the market wants to see. I think oil prices going down would also obviously help the market. And obviously, some of these uh economic reports, some of these important economic reports, especially the inflationary reports like your CPI, PPI, PCE, all of that stuff. You know, we got to start seeing better numbers, right? We've got to start seeing that this inflation, this sticky inflation that has been with us for years now. I mean, we've been talking about inflation going back to 2022, the bear market year of 2022. It has been, damn, we're halfway through 2026 now. We're still talking about this inflation problem. It has just never gone away. Really, COVID, right? 2020, uh, the start of COVID and basically the world shutting down, the global economy shutting down. And, you know, that just caused so much of a mess that six years later we're still dealing with the aftereffects of that. Unfortunately, I I think I think we learned a lot from COVID. I think going forward, we'll be a little bit more responsible with how we uh react to you know these global pandemics, because in many cases, you know, if you were to ask people now, you know, looking back, was it the right thing to do? You know, some of what went on with you know trying to uh I guess protect ourselves from the pandemic, you know, I I think it it's caused a lot of issues. I think it's caused a lot of physical health issues, mental health issues from the the shutdown, and then the uh economic health obviously has not been good ever since excuse me, ever since the the pandemic. Obviously, we've seen some some good rise at times in the stock market, but the inflation problem still persists.

SPEAKER_00 11:44

All right.

SPEAKER_01 11:46

So let me take a quick look at what I've got going on here with some of my positions. Uh obviously sharing my screen here. The market now is starting to uh to roll over a little bit here today. Now the ES is down 5750. The NQ is down 320 points. Well, so this market, which I thought wanted to go up today as we're speaking, is definitely not going up. Take a quick look at the one-minute chart here on the MES. Yeah, clearly heading lower today. Now, for me, I'm not too concerned about it as far as uh MES, the ES futures. I've got a lot of put ratio spreads, which are neutral to bearish kind of trades. So I don't mind a down day. I don't mind you know some good down days. Uh we can't have a 20% market crash. That would suck, right? That would cause these positions to be a problem. But for the most part, I mean these put ratio spreads, the short strikes are a thousand points out of the money in some cases. So it would take a serious event in the ES futures for me to have to worry about any of those positions. Uh, some of the other stuff I've got going on, uh SP 500 related, XSP, which is the mini SPX. I've got a lot of butterfly spreads. Got this put butterfly, broken wing put butterfly, where it's actually exactly at the short strike, the center of the butterfly, which you would think would be good for this position, but not really showing much of a profit yet. This expires in two days. I put this on 15 days ago. This is a trade that'll, you know, I'll let it expire Friday and see what happens. Um the great thing about the index products, like at SSP or uh SPX, the indexes don't have shares. There's no assignment risk. Oh, you can put on something like a butterfly and just let it go because, again, there's no assignment risk. Now, what is uh my uh potential on this trade? If I go into the trade, let's actually take a look at the curve and analysis here. And I've got a million of these butterflies on in XSP. Let me turn all of those off except the one that's going to expire on Friday. They put butterfly, especially. That's the the one that I'm not exactly sure what the max profit on is. If I turn all of that on and let's zoom in. Okay, there we go. So I put this on well below where we were trading at two weeks ago. You know, the market was trading, you know, somewhere up here, and it's fallen into exactly the center of this butterfly, which it'd be great on Friday. That would result in a max profit. The max profit on this trade would be around $720. Now, if it finishes above the butterfly, which is going to happen, I would say, 90 plus percent of the time because I put this on well below the market. So I actually got lucky on this that it fell into the butterfly. But if it finished above, I broke the wing where I can't lose to the upside anyway. So if we get a reversal and the market goes back up, I've locked in a very tiny credit, um, like a 16 cent credit. No big deal. Yeah, it's it's a nothing trade. But really, I'm playing for this to be kind of a hedge. So when some of my bullish positions are getting killed on the way down, these butterfly spreads that are trading below the market, you know, hopefully we fall in those, and the profit from some of this stuff offsets some of the losses that I'm gonna suffer on some of the bullish trades. Now, if we get a big move down, I have a max loss potential of about $684, about what the max profit is at the peak here with $730, uh, max loss $680. So I don't want a huge down move. I want it to be somewhere inside uh this tent area. Now I did have some other uh spreads that are expiring this week. I had a call butterfly that I broke the wing to the upside, where I can't lose to the upside, but we're trading well below where that call butterfly is now. I have no chance of winning on that. It's guaranteed practically to be a max loss. I'm gonna suffer what I paid for the trade, $134. So I'm gonna suffer a loss on that of $134. But if I'm inside that put butterfly spread on Friday, I'm probably easily gonna get back the $134 I lose on the call butterfly. And if I'm near the center at expiration on Friday, I could win three, four, five hundred dollars maybe on that butterfly, which would more than make up for the loss, obviously, on the call butterfly. So if I turn all my positions on, I've got several of these put butterflies and call butterflies on. You can see right now we're trading down here inside some of these put butterflies and all the call butterflies that I've had on because of the big down move in the market. These are all going to suffer losses, but again, I kind of hedged my bets by playing both sides of the market by having those put butterflies on as well. So that's what I'm doing there. And let's get back into what is going on here. Anything else really moving around now? The ES down 75, the Nasdaq down 450. That's a one and a half percent down move in the Nasdaq. Wow. Wow, and I I I was playing the Nasdaq earlier with a bullish trade. I actually bought 150 shares of TQQQ this morning, thinking the market wanted to rally because I really the chart looked like the market wanted to rally. So I bought 150 shares and I caught some of the up move, but then you know I was I started to get worried because I couldn't look at the market, especially when I'm doing something like this live stream or later here in a minute, I'm gonna leave my office. I've got somewhere to go, and I may not be watching the market. I put in a stop loss order on this. The stop loss order was at my break-even point where I bought the shares. I bought the shares at like 73.50. I put in a stop loss order for 7350. But they were trading well above that when I put in the stop loss order. But as soon as I put in the stop loss order, I guess that triggered things because like 10 minutes later, the market tanked. My stop loss was hit. I got out of the shares at exactly the price I got in. So no, no harm, no foul. But I would have lost a lot had I not had the stop loss order because now we're trading, you know, about three dollars lower than where I was at. So that'd be like a $450 loss on 150 shares. And we may go lower than that because the Nasdaq, again, down about one and a half percent. Remember, this is a triple levered product, the TQQQ. Triple levered means if the Nasdaq goes down one and a half percent, this thing's going down four and a half percent, right? So the uh it's great. The triple levered products are great on the way up because you get three times the leverage on the way up. You also get three times the leverage on the way down. So very dangerous products. So you got to be careful with these, protect yourself, stay small. Also, use those stop loss orders if you need to, and certainly that's what I ended up doing there. Uh-oh. Taking a quick look at some of my other positions. SCHD. I've got some shares of SCHD that I hold on to. It's an asset that I like to just accumulate shares of. And uh it's interesting that the market is weak today, the overall market, but SCHD, this particular uh Schwab dividend ETF, holds a bunch of dividend-paying companies, and it's up despite the weakness in the ES and the NQ. And this is one of the reasons I hold this, is I hold it not just because it tends to appreciate over time. It has some share appreciation, just like most kind of baskets of stock. Also pays a decent dividend. The dividend, I'm not really that concerned about the dividend, but it's also a nice way to diversify because on this is a perfect example on days where the ES and the NQ sometimes are going up or down. A lot of times this is doing the opposite. So it's a way to diversify a little bit your portfolio. So might be something, especially for those of you that do hold long-term uh passive investments of shares and stuff. SCHD is interesting, especially again if you're holding maybe shares of a NASDAQ ETF like a QQQ, holding shares of SCHD might smooth things out a little bit as far as that uh that PL curve as uh as the days go by. Anything else really jumping out at me? Intel Intel's had a bumpy day. It was down big pre-market, then it was all of a sudden turned green on the day earlier, and now it has yeah, sold back off to being red on the day. I've got a short put. I've got the 87 and a half put, and that's in the July cycle. I'm not gonna do anything. It's a uh 20 delta put now. I sold it probably around a 12 delta, 15 delta, so uh it's gone against me a little bit, but still way out of the money. 20 deltas, perfectly safe trade. I don't need to do anything to this trade, just wait it out. Um I've also got a call debit spread. It's already a max loser out of the money call debit spread that expires in eight days. This was part of a different trade uh where I actually financed this with a different trade that was a winner, so this is kind of a free trade. So nothing to do with that trade. I just let that go. I let that be. Uh GDX, what do I got going on? I've got a short put plus two short calls, and the two short calls are in different expirations. Overall, got five positive deltas, so kind of a delta neutral trade. One put versus two calls. It's been kind of an ugly trade because it's part of um with gold going down, GDX, which is the gold mining sector ETF, so your gold mining companies like you New Mont mining and Barrack mining and things like that. Uh, this is what that is. And they've been weak. So to defend the put, I've had to add an extra call. I may need to start rolling some of these calls down to add more negative deltas on the way down. We'll just have to wait and see. Uh, one thing I do want to mention is uh earnings. There is a big earnings event today. Um let me pull up the uh the ticker for Oracle. O R C L is the ticker.

SPEAKER_00 21:38

Let that chart load here.

SPEAKER_01 21:40

Oracle obviously has had a nice run here the last couple of months, right? Had the big run up where it went from $130 a share or so up to about $248 a share back down to trading at $205 a share. It's actually up seven. Cents today. This is interesting, especially on a uh day where the market is down big. This is actually up. Now, how would I play this? Well, if you watch the Way the Options episode, for those that are members of the YouTube channel, you've got access to the weigh the options episode. The way I was considering playing this was going to the 72-day cycle because I want to give myself plenty of time, especially the way this market is acting. This market, I don't know what's going on with it. I was going to do a bullish trade, but I don't like the idea of doing a two-day bullish trade because this market looks like it just wants to go down in the near term. But I give myself plenty of time. I go to the 72-day cycle and go to the expected move. That's typically somewhere around the 20 to 30 delta, 25 delta is typically about where I target. In this case, I'll go to the 260 strike, the 28 delta. If I buy that call and then sell the call 10 points above, it's a 140 debit to make 860. The pop on the trades typically around 20% when you target that 25 delta kind of uh area for the long uh pop is being reported 18%. P50 number, which I wouldn't take just 50% of profit on a cheap little trade like this, but if you did, P50 is 51%. For me, I want at least 100%. If I pay 140 for this, I'm not taking it off for less than a 140 profit. Ideally, I'd like to take two to three bucks on this trade. If I really get a nice pop on Oracle, um, Oracle reports after the bill today. If it goes up, say 20 points on earnings, I probably will make at least a couple of bucks on this trade. If it goes up 30, 40, 50 points, uh, and you know, I could possibly make three bucks on this trade. Because remember, if I'm getting a price of 142 way the hell out of here, out of the money, well, what is the price of a at-the-money uh $10 widespread? Well, typically you pay five to make five, right? The price should be around five dollars in this case 443. So that tells you exactly um what would happen if this uh if Oracle, which is priced at 206 right now, if it goes up 50 uh points or 60 points, excuse me, goes up 60 points to 266, it would be in the middle of the spread, and the price would go from 142 to 450, 450 to 5 bucks, and I'd make three bucks, three and a half bucks. That'd be a nice one-day profit if I got that kind of big move. But it even if it doesn't move that big, if it just gets about halfway there, I'll probably still make you know buck and a half, two bucks. And that's if I get the move right. If I don't get the move right, well, I gave myself 72 days. So if Oracle goes down, I gave myself 72 days to sit on it, and I only pay 142. It's a cheap trade, right? Cheap trade, low risk, high reward, low probability. But you know, if I get direction right, I'll make a little something. If I get direction wrong, I wait two months and I see what happens. So let's clear that out. I'll wait till the end of the day to put that trade on. We'll see where Oracle actually finishes at the end of the day to make sure I I get the strikes that I want. Because Oracle could make some kind of crazy move before the end of the day. If Oracle makes a big move, I for some reason Oracle shoots up, no, 15-20 points before market close today. I may not put on that trade. And the reason I I might not put on that trade, if it because I've seen this play out, sometimes it's it's like uh the news gets leaked. Like these earnings reports sometimes get leaked, where you know, uh, you know, it scares me anytime I see a company that makes a big move right before uh close of the day on an earnings day because it's like, well, somebody knows something, and then the stock already makes the move, especially the move I was wanting to play anyway, and then I uh I might pass on it. But if I end up playing it, the the bullish play is the play, and I probably put on some time on that. I like being out about 60 days for those kinds of expected move called debit spread sorts of plays. So that's it for this quick daily uh market outlook. I hope you guys enjoyed this quick market outlook live. A little bit of a different kind of content here, right? So uh I don't do a lot of live streams. I don't do a lot of live streams on uh well on my my uh tech channel, the distro tube channel. I've you know put out thousands of videos on that channel over the years, but as far as live streaming, it's pretty rare that I do anything on that channel. I live streaming on the DT Options channel. I mean, I've been doing this channel for two years, and live streaming is just not something I really do on this. And I'd like to start doing more live streaming, live content. I think uh I think I would actually enjoy doing more live content as a content creator. It switches things up a little bit uh rather than having to, you know, it's a little bit different kind of content rather than pre-recorded content. Pre-recorded content, a lot of times you gotta put some uh effort into as far as scripting, although I don't read from a script, but at least outlining what you want to talk about, what the video is about, and then the editing process. The editing process can be a lot of work. I don't have to edit a live stream, right? However, this live stream turns out on YouTube, that's what you get. There's no editing, so it does save me a little time on that. Plus, there is the engagement potentially with those of you that are live in the YouTube chat that if you want to ask any questions, comments, uh whatever you got. Matter of fact, we've got a couple of minutes here. Those of you in the YouTube chat, if you got any questions or comments, feel free to put those in the chat right now, and I'll address those.

SPEAKER_00 27:40

If not, we will get out of here.

SPEAKER_01 27:44

Right now, the NQ down only 310 points now, so we were down 450 a minute ago.

SPEAKER_00 27:51

This market is moving around. It's making some big swings.

SPEAKER_01 27:57

When you get a day like today, and I wouldn't do this, even though I I I kind of did uh sort of put on a scalping type trade with that TQQQ position earlier with the shares that I'm already out of. But when you get a a day like this, when you get these charts that move crazy, you know, up and down, the way we're seeing. Yeah. That's these are are good scalping days because sometimes you can you know buy or sell one of these futures contracts, and no matter what side you play, long or short, because you're getting good two-sided action, you have the chance potentially to capture the move you're after.

SPEAKER_00 28:39

Yeah, in the chat. Fakeologist, do you ever trade the rut?

SPEAKER_01 28:43

Yeah, sometimes. The rut is the Russell 2000 index. Basically, uh, like SPX is the uh SP 500 index product, no shares, right? Rut is the uh Russell 2000 uh product, the index. No shares, everything settles to cash, and it's very liquid, like the rut actually trades. Of your major market indices, SPX is most liquid. I would say the RUT is the second most liquid. The NDX, the Nasdaq, is not very liquid at all. And that's because market indices are just like uh they're really kind of like your your stocks, they have a multiplier of times 100. All the options are times 100, meaning that when you trade the NDX, which is trading you know 28,800 times 100. It's a big product, it's a gigantic product. Most people can't trade it. It's not a lot of liquidity, not a lot of liquidity in this. The SPX also is a very big product, but it's not you know 29,000, right? It's only 7300, but still times 100. It's a big boy product. You gotta be careful with it. The Rut is a nice manageable number, 2800 and change times 100. Still a big product. Don't get me wrong, but it's got it's got a lot more liquidity, the Rut does than the NDX. So it does trade. If you wanted to do something here, I mean you could do anything you wanted. Uh you you can't do naked options here. Uh just because the liquidity is good, it spreads. You know, I certainly don't hate the idea if you like doing uh credit spreads, doing something like uh let's see, it's the 51-day cycle getting liquidity. Yeah, it's not bad. Maybe going to the $2775 and going $10 wide. You pay three bucks, or excuse me, you get a three dollar credit, max loss of seven dollars. Put credit spread, standard ten dollar wide put credit spread. You risk seven dollars to make three dollars and give yourself 51 days on that. A good day to put on a trade like that, too, because a bit of a down day. You got plenty of IV being pumped into this market, volatility's been rising, so you know selling those credit spreads is a good idea. If you can sell a put, even better, but again, this is a big product, a put, you know. If I sold, for example, a 15 delta put, the 2575 put, you know, I'd get a 2750 credit, great. Um, but buying power on that naked put in the index, 28,000, and it's a lot of buying power if versus the credit. So you you even if you wanted to do a naked option, I would still, even if you had the account size to do the naked options, just for capital efficiency, it might still be better to spread it off. Just make the spread wide if you need to, if you want to make a big trade. Maybe do something like uh let's go to a nice round number. The 2600, which is a 17 delta put here. But go, I don't know, 100 points wide, just to make sure you get that buying power reduction down from you know 28,000 to only 8,000, right? Just by defining your risk. You know, that's all that put is that's not really defining your risk, it's still a very risky trade. Max loss on this trade's 8,800, not a tiny trade, but at least it gets that buying power to a reasonable number rather than getting a $2,800 credit and buying power being $28,000, which doesn't make sense. Risk reward. Now you get a $1,1155 credit versus uh a buying power of $8,800, which is much better as far as that risk reward ratio. So yeah, I like the rut. Rut's a cool thing to trade. All right, guys. Well, I'm gonna go ahead and jump off. Uh so guys, I hope you enjoyed today's market outlook. I'm gonna do these the rest of the week. Uh, I'm gonna do another daily market outlook tomorrow at 10 a.m. Central Time, and I will also be back on Friday uh 10 a.m. Central Time because again, that's changing things up a little bit this week and seeing how we like this form of content. All right, guys, take care. Peace.