Market Outlook Live! (Jul 16, 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.

JOIN THE COMMUNITY VIA PATREON/DISCORD:
Become a "Premium Member" by subscribing on Patreon ( https://www.patreon.com/dtoptions ).  This gets you access to the Discord, including the daily voice chats on market days, as well as access to exclusive video content posted on Patreon, including all of the daily voice chats in their entirety.

BUY DT'S BOOK
🛍️ The Super Wheel Options Strategy: https://amzn.to/3v7gAXh

Transcript

SPEAKER_00 0:00

And we are live. Welcome to another Market Outlook Live. I hope everybody is having a lovely morning. For those already in the YouTube chat, give me a yay or an A on the audio. It looks like I have working audio. Yeah, previewed a little bit of the stream myself. So today is a little bit of a mixed bag in the market. Although I would say for the most part, what is going on in the market, it's kind of a negative kind of market, right? Because right now the ES is basically unchanged. If I pull up the charts here, the ES down three, basically an unchanged day, but it was lower for most of the morning. The Nasdaq is down 256. That's down around 0.8% on the day. Nasdaq's been weak all morning. The Russell is up 13. The Russell was actually down on the day when we first opened. It has since rallied to being up on the day, up almost half a percent. The Dow is up 141. It's about a 0.2% up day there in the Dow. The Dow, of course, is only 30 stocks. Um, and a couple of the stocks are moving around because of earnings. So we'll discount the Dow. It's not an index I typically pay attention to. I typically pay attention to the SP, the Nasdaq, and the Russell. Uh the VIX futures currently trading at $18.25. That's the VXQ6 contract. So volatility expanding a little bit up 20 cents on the day. So the market's telling you, well, a little concern. You know, when volatility is rising, it's telling you the market's worried about something. What's it worried about? Well, I think it's worried about what's going on in the Middle East. Um, and because of that, what's going on with oil, what's going on with inflation, rising oil prices, bad for inflation. And you're starting to see all the products that, you know, the directions we want them to move, they're moving in the wrong direction. Um, big mover to the downside today, natty gas down 3.2%. That's normal for natty gas. It's very volatile, it moves around. But gold and silver have been beaten up for months, precious metals down again today. Silver down 1.8%. My old nemesis, silver, right? With my silver position that's badly underwater that I've been fighting for a long time now. GC, the gold futures, down one and a quarter percent. Gold trading just at 4,000 even. Well, BTC, the Bitcoin futures, down about 500 points, down three-quarters of a percent, trading at 64,600. Ethereum was down two and a quarter percent, trading at 1883. That's the Ethereum futures bonds going the wrong way. The 30-year bond down 16 ticks, trading at 110.23. Basically, everything is going the wrong direction. Um, copper is up, so a shining, uh a bright, shining example of something going the opposite direction as far as you know, copper's doing well. Gold and silver been beaten up. Copper has been trending higher for a few weeks now. I don't have a copper position, so not helping me. Oil was higher most of the session. It just turned red though. Right now, down eight cents on the day, but it was higher by you know a buck and a half or so uh earlier in the session. Had a bit of a range though. Uh, some of the stocks that are moving us around, we had some earnings from yesterday. So some of the big movers, UNH, had a big pop on earnings UNH currently trading at $438 a share. But this thing traded all the way up. What was the high on the day here? 461. So this thing traded about $24 higher than where it's currently trading. So had a huge gap up and since sold off. Some other earnings, UAL United Airlines down $2.39. That's a 2% drop on United on earnings. Although you can see it actually opened lower and it has since rallied a little bit. It actually traded all the way down to 116.09, currently trading at 118.57. So two and a half dollars higher actually off its bottom. So um Taiwan semiconductor also reported earnings. Taiwan semiconductor down $7.62, down 1.8 percent. But you can see it also gapped down much lower than that, and has since rallied. It made a low of 405 on the day, currently trading at 411.66. GE reported earnings. GE currently trading at 345 and change. This is another one that uh moved a little bit as soon as the market opened. So it did gap down on earnings, it was down around well, it looks like it opened around 352 and now trading at 345. So $7 lower than where it opened this morning. So this one's been selling off where a lot of the other ones have been rallying. I personally I did not play any of these earnings. Uh these were not the the sexiest stocks and not the most liquid for option markets. Taiwan semiconductor was probably the one that was the easiest one to play with options, and but I ended up not playing it. Or I say I didn't play it. I did uh have a SMH, a semiconductor ETF position that I guess kind of qualifies as me being in the uh Taiwan semiconductor earnings space there. Taking a look at some of the tech stocks moving around. Let's start with things moving down. It's all your memory names, so you know they tend to move together. Arm down 7.5%, down $20 on the day, trading at $256.41. This thing in the last three weeks has gone from $450 a share to $256 a share. This crazy, crazy uh move there. Micron down $41 on the day, down about 4.5%. Micron trading at $861 and change. That's the lowest that Micron has traded. Well, at least in a month, right? You have to go all the way back to June 8th, last time Micron was trading at this level. Oracle is down five dollars and sixty-two cents today. That's a four percent drop in Oracle, which the chart in Oracle, every time I look at it, it's just this this chart looks so bad, right? I I don't know what's going on with Oracle. If you showed this chart and didn't tell somebody what the ticker was, what the company was, they'd ask you, is this company going out of business? What's going on? You don't see that many red candles in a row all that often. Intel down more than four dollars today. That's bad for me with my Intel position. I've got an Intel uh position that's a little bit underwater. I am defending it though. We in our members-only Discord in the DT Options Discord, we uh we did defend a little bit. We've had a short put that kind of has gone against us. We've rolled it a few times. What I ended up doing is I rolled this put out and down in price, sold a call against it. So we were in the August cycle, so I rolled it to September and sold a call against it to form a strangle. I already had a call that was part of a strangle with that put in August. I left that call on, so I've got two calls versus one put. Um, really just because I felt like I needed the negative deltas, right? Because I don't know if Intel is planning on going back up. I don't know if any of these uh hot AI-related names are planning on going up anytime soon, right? They've all kind of been sliding, and I don't know when the sliding is going to stop. So if I'm in Intel, I need to take off some of those bullish deltas and put on some bearish deltas, right? I need to play both sides of the trade, at least until uh the market tells me otherwise. So two calls versus one put there. AMD down $20 on the day. That's a 4% drop in AMD, but AMD very volatile, makes big up moves and big down moves all the time, right? It's been chopping around in a tight range. And if you look at the NASDAQ as a whole, the Nasdaq has been chopping around in a very tight range for a while now. And this has me concerned when you see markets that trade in a range like this, eventually there will be a breakout. You know, we're gonna either break out above or below at some point. I don't know which, nobody knows which, but when the breakout happens, a lot of times it can be pretty quick, pretty extreme. You know, because uh the markets that you when you see a tight range like this, it means the bulls and the bears, they're they're fighting it out, and at some point one side will win, and you know, once you break out of this range, it can move in a hurry. Right now, I'm not leaning terribly long the market. I am, I do have some bullish deltas, uh, but I'm also I mean I'm not short the market ever, typically, usually not carrying negative deltas overall in my portfolio. I'm usually a perma bull, but right now I would say um you know my portfolio is set up for a choppy sideways kind of market for the most part. I just think that's what we're in for. I mean, that's what the market is telling us. We've been doing for a while, so Wi-Fi'd it. Uh some other movers today. Uh NVIDIA down six dollars. Pretty good move in a very big product, right? Uh NVIDIA market cap. Let's see what the market cap. Is it under $5 trillion? No, $5.1 trillion, so still above the $5 trillion market cap. So yeah, big weighting, obviously, in the ES and the NQ. So when this is down, especially you know, the Nasdaq with all the chip stocks down, the Nasdaq's probably not turning green today. Yeah, NVIDIA trading at $206.50. IV rank of 33. Nvidia is one of the really the only mag 7 type stock that doesn't report earnings in the next week or two. So if you're looking to trade one of the mag 7 stocks and you want to put on a trade that you can be in and out of before earnings, NVIDIA would be the one because it always reports toward the ends uh of the earnings cycle. Right? It kind of reports you know toward the back of the earnings season, uh kind of off by itself. Or Microsoft Meta, Google, Amazon, Apple, you know, they all kind of report together. Tesla. They kind of report as a group. Coinbase down four dollars today, obviously, on the weakness of crypto. Coinbase been trending lower for a while, along with Bitcoin and everything else crypto related. SpaceX down a dollar today. Not much of a move, but it has been trending lower. Lots of red candles in a row. Now I got out of my SpaceX trade a few days ago. I had a put credit spread that was already about a 50% loser. I just went ahead and closed it. I kind of figured I wasn't gonna win on that thing. I closed it back on this candle, I think, when we were trading around $150 a share. My put credit spread, the short strike was $170. I was already $20 underwater, you know, on the spread in the money. And now it's trading at $134. So yeah, that 50% loser on that put credit spread would have been a 75-80% loser had I held on to it by now. So yeah, I just wanted to cut my losses and get out of that early. Uh some of the movers to the upside. Apple is green on the day, Apple up another $3. Apple the last two weeks in Apple's been crazy. Apple making all-time highs. Made a new all-time high yesterday, making a new all-time high today. Microsoft has also been on a nice little run all of a sudden. Microsoft, the last four candles have been green, but really the last two weeks have been trending higher. You know, as people rotate out of Micron, AMD, and Sandisk, and you know, all of the memory stuff. A lot of these investors seem to be rotating back into some of the software names, like a Microsoft. Uh Amazon, up small today, up 57 cents, not much of a move. IBM, which obviously had a big drop a couple of days ago when they announced earnings early. Um, but is having a small little update up 33 cents. At least it's not having a down day. So hopefully it finds a floor here. I'm not trading it though. I'm I'm certainly not trying to call a bottom in something that just fell like that. But if I was going to play it, I probably would put on a bullish trade, but I put on a defined risk, you know, smallish kind of trade. I wouldn't take any kind of big shot on something like that, because you never know. Sometimes when these stocks make these big moves, uh big gap up or gap down, sometimes the momentum carries on for a little while. It won't carry on forever, you know, it might go for a couple of weeks, still a little lower, maybe chop around a little bit, but maybe it'll eventually find a bottom and curve back around. If you, for example, wanted to go sell a put credit spread on an IBM, I put some time on it, give yourself plenty of time to be right, so go out about 60 days. That way, you know, if you do get some follow-through to the downside for a couple weeks, you know, at least you put on a 60-day trade, so maybe it'll turn around on you. Taking a quick look at my positions. Uh, we didn't have much to do in my portfolio this morning in the DT Options Discord. I did have uh a few adjustments as far as problem trades, the metals, uh, anything metal related. So GDX, the gold miners. I did roll this. Uh actually, I didn't roll it. I just added another short call. I had two puts versus one call. It's an ugly trade. Started life as a short put that didn't go well. Gold miners because of gold has been going down. Oh, you can see a lot of rolls over the life of this trade. Been in this trade for I don't know, uh a while. Down on it. I'm gonna fight this thing though. I am eventually gonna get all of this back. I just, you know, once I'm I've decided to be stubborn and fight something, you know, I'm in it. So silver, got shares of SLV, the ETF. Uh silver right now trading uh SLV, trading at $50.62. That's the lowest that has been in a while. Right now, that is as low as that's been since way back here in November of last year. That is not a good sign. We're in the middle of July, so uh not great for my chair position, which is badly underwater, not great for my short put, which is way, way underwater. Uh nearly uh, well, I'm more than $7 in the money now on that short put. So uh just down more than $700 of intrinsic value on the short put. That's not great. Uh what we did this morning is I had some calls. I had two short calls that were already like 60-70% winners, took those off, added two new calls at the 58 strike, which is the same strike as the put. So now if I go into the options chain here, yeah, the one short put that's badly underwater, added two short calls to help offset the positive deltas on that side with some negative deltas on this side. And of course, still have the hundred shares. And yeah, we're just waiting for the bleeding to stop in gold and silver. It's been a few months now, you know, the the slide in the precious metals. Where will it stop? I don't know. You know, it will stop at some point, right? They have to go back up at some point. I say they have to go back up, but it's a commodity, right? This is not a company, right? Gold and silver are not like a stock and like an individual company that a lot of times, sometimes they can make all-time highs and then start trending lower and trend lower forever, for years, for decades, sometimes all the way to zero, right? Gold and silver will never go to zero. They will always have some worth. So I don't mind playing these potentially for the long term. If I end up in a trade for weeks or even months on something like a SLV or a GDX, you know, the gold mining sector ETF here. I don't necessarily mind. Uh other things that we did in the Discord, we managed a put credit spread. I had a put credit spread that I was down about $50 on, and I went ahead and closed it because I didn't like the trade anymore. SMH, this is uh the semiconductors, have just not looked great. You can see they've kind of been trending lower, you know, slightly lower. You know, it's a slight drift to the downside. You see the moving averages have kind of turned over here. And I was like, yeah, I don't like that trade anymore. If I was going to put on a brand new trade today, I'd rather be in an iron condor, you know, playing both sides of the market, you know, being delta neutral rather than a put credit spread by itself, which is more of a bullish trade. And I was like, well, if if I if I was putting on a new trade today, I wouldn't be in the trade I'm in. Why don't I just close the trade I'm in and put on the trade I want to be in, which is the iron condor? So I close the uh put credit spread and I put on the iron condor. It's a working order. I have not got filled. I got I put in a price for 185 uh credit is what I wanted on the trade. I put that on. Well, we were in the Discord with my members uh about an hour ago. It's been sitting here, it hasn't got filled. Maybe it'll get filled. I'm not gonna chase the price down though. I either get filled at the price I want or this afternoon, maybe I'll uh adjust the iron condor, just the strides, or if I don't get filled today, it's not a big deal. I'll come back tomorrow and see what I can get filled on, or trade something else. It's not like I'm desperate for the trade. Uh, other things going on. Let's start with MCL, the micro crude oil uh futures here. Now, with oil not moving much right now, up one penny. That's a good sign because primarily I sell options, usually doing short premium style trades. I have a short put here, which is a short premium trade, and then I have this call ratio, which is also a short premium trade overall. So uh with a market that's not moving here, you would think maybe volatility would contract a little bit. Volatility contracting will help these positions, but they're not really showing much of a PL yet. These are brand new trades. I put on yesterday, I put that on uh with the Discord members. I sold a put or a buck 15 credit, the 65 put, out at 63 days, and then the call ratio is really a big kind of lotto ticket to the upside. If you get a good move in oil over the next 63 days up to around $110 a barrel, I don't want that tomorrow. I want it in 63 days. 63 days I want it to be trading, you know, in this $110 range. And if I did get that move, I have the chance to make an extra, well, it's a $7.5 widespread, so an extra $750 plus the credit I received on the trade, $108 or $103, I'd make uh $853 is the max profit on that. If I don't get that move up, if oil never trades above $102, $102.5 here, well, I'm just stuck with accepting my $103 profit, which is fine. I'll take $103. You know, that's fine. It's worth holding on to just to get that. But if we get an up move, I have the chance to make a bigger profit. The risk on the trade is if oil screams way higher, you know, like above $120, $125 a barrel, this call ratio spread starts hurting because I have unlimited potential losses to the upside. Because this call ratio spread is two short calls versus one long call. That means one of the short calls is not paired with a long call. It's a naked short call, which has unlimited risk theoretically. So got to uh get to pay attention to that and monitor it each day. Make sure something crazy happens in the market, uh in the oil markets, you know, and it needs to be adjusted in some way. I'll adjust it. MES uh the micro ES futures here. ES now down 11. So SP down very small, but not much of a move. I got a call ratio spread. More already at 77% profit of the credit received on the trade. Now I didn't receive much credit on this, so not a terribly big profit, but it's a profit. Call ratios profit the most when the market goes up, but the market going down doesn't hurt the trade because I can't lose to the downside. So nothing to do here. Put ratios. I got two different 4x2 put ratios here. One of them is already at a 30% profit. Only been in the trade 15 days, got 76 days left. I doubt I'm gonna be in the trade more than another week. The way this market's kind of chopping around and going nowhere, probably get to 50%, you know, in the next week, two weeks at most, probably. The trade working, just let it keep working, and then the this 4x2 put ratio spread only been in six days, hasn't done much yet. So those trades are fine. RTY, the Russell 2000. So this is an iron condor that we put on Monday. We're only on Thursday, right? We've been in the trade uh three days. It's a was around a 33 day trade, 32 day trade. Only been in it three days, we're at 20% max profit. Trade's working, just let it keep working. For the most part, my portfolio. Other than the two metal related positions, the silver and the GDX position, everything else is okay on the day. One interesting thing is the Schwab Dividend ETF, SCHD, is up 65 cents today, which I have 1200 shares here, so it's showing a big PL boost on the day. That's a big move in this thing. This thing is not terribly volatile. It's a basket of around 100 dividend paying stocks. Not the sexiest names. Alright. So this thing typically makes small moves, you know, 10 cents, 20 cents, 30 cents a day, you know, sometimes 30 cents. Pretty good move. 65 cents today. You see, big pop-up. Matter of fact, that may be a new high for this. I think it is. Um, yeah, what is moving there? I don't know. I think this is just part of the market um rotation, the sector rotation in the market. People moving out of some of the high-flying tech names and memory names back into more blue chip dividend kind of uh names. And you're kind of seeing that, not just with SCHD, but the Dow also contains, you know, a lot of it contains some tech stocks, but a lot of your blue chip kind of names. You can see the Dow is actually positive, you know, barely positive, but positive on the day. We take a look at XLP, consumer staples. Yeah, consumer staples is up more than 2% on the day. So you can see a lot of that market rotation. People are fearful when people have a little fear, you know, they rotate out of those risky kind of uh names. You know, your your high-flying tech stocks. We're gonna get out of all that. We're gonna go purchase some consumer staple, you know, more defensive kind of names. XLY, consumer discretionary, also up on the day, up 0.8%. Energy, with what's going on in the Middle East, we should pay attention to. SCHD, by the way, that particular ETF does contain several uh energy-related names as well. So uh the energy sector having a big day is probably also boosting that. Uh, some other sectors while we're going through the sectors. XLF, the financial sector, obviously the banks reported earnings uh this week, Tuesday and Wednesday this week. We had a lot of pretty much all the big banks reported, and you can see the earnings were good, two good green candles, and then we gapped up a little bit today, uh having a up about a one-third of a percent here on the day at an XLF. And I had some long calls in XLF going into some of the earnings uh this week, and I took those long calls off for about a two-dollar winner. I took a couple hundred bucks on those long calls. Uh, not typically the way I trade options, mostly I sell options. So typically, if I wanted to be bullish on something, I would have sold some puts. But the long calls, because of the really low IV and XLF, the calls didn't cost much. They were very cheap. And the puts were cheap too, and selling cheap puts didn't make any sense if I could buy calls cheap. So I went with the long calls and uh the trade ended up working out. You guys on the YouTube chat, you guys got any questions or comments or anything, feel free to uh get them in. Anything you want to ask about the markets, options trading, uh anything you've seen on any of my videos that you questions or concerns. Let me get a quick drink of water here as we watch this market continue to chop around. ES still basically unchanged on the day, NASDAQ down 1%, Russell up one half a percent. Yeah, in the uh chat, Yamiger. I don't know how to pronounce that. I apologize. Hey DT, do you primarily rely on price patterns of the underlying asset to decide if you're going to choose bullish, bearish, or neutral strategy or also other signals? A lot of times the options pricing will determine what I do. So you never know where a stock is going, you know. I can have some assumptions, but realistically, nobody can predict where anything is going. You can have an assumption, but you don't know any more than the next guy. I don't know any more than the next guy, right? Who knows? But a lot of times just what the options are priced at will determine what I do. For example, if we take a look at Micron. Micron, obviously, a lot of people are trading this thing, right? It's been moving all over the place. Right now, though, had a huge run-up. I mean, the thing went from what $100 a share a year ago to at one point it was up at $12.50 was the high. Just an insane run. Because of that insane run, the calls uh are expensive. It has a lot of call skew. Uh and the puts thus trade cheap, right? The calls trade expensive, the puts trade cheap. But here in the last couple of weeks, I've noticed, hey, this thing's been trending lower. If I was gonna do a trade, you know, if I was gonna make an assumption, I'd put on a bearish trade. But putting on a bearish trade in this thing is tough. And the reason is just because of the way the options are priced. You know, if I wanted to put on a bearish trade, I could sell a call credit spread, but let's see what these things are priced at. You know, I can go 35 deltas, and well, it's really wide bid ass spreads, but at one point it was printing like a $2 credit, now it's a 270 credit. 270 credits not very juicy, and I did 35 deltas, so I'm not that far out of the money. So I don't love the credit on this, and that's assuming I got filled at this price because of the wide bid as spreads. I may get filled closer to like a two-dollar credit versus an eight dollar loss on a ten-dollar widespread at 35 deltas. Um, because I trade all the time, I kind of know what is a reasonable price for this spread. I just don't think that's a reasonable price. So the call spreads because they're cheap, I can't sell them. The put spreads, though, will be expensive in this case. I can go sell a let's do delta for delta, around a 35 delta put spread. Uh, let me sell that and buy that. Trades for 440, right? Versus 250 on the call spread at 35 deltas 440 versus a 560 loss. You know, if if I'm looking to sell some premium and sell a spread, because like naked options here, way too uh expensive on a $860 a share product. A lot of times the options just tell me what to do. What what am I gonna risk $750 to make $250 on a call credit spread? Or am I gonna risk $550 to make $450 on a put credit spread? And again, nobody really knows where anything's going anyway. I'm gonna sell that put credit spread before I sell that call credit spread. So that's uh a lot of times it's just hey, what the markets are being priced at. If if it makes sense to go sell some options, I'll sell some options and it makes sense to put on some long options, uh debit trades and actually pay for a spread or or even sometimes like a long call, like that XLF trade. You know, I'll do that. As far as direction, if something has really, really high implied volatility, my inclination most of the time is to sell both sides of the trade. I'm gonna put on a strangler and iron condor because it makes sense. Implied volatility is through the roof. The best way to take advantage of that is sell not just one side of the trade, but sell both sides of the trade, right? Get double that uh that volatility. Uh get double the premium, twice the theta, twice the vega. Play both sides of the trade. Even if you have a directional assumption, sometimes it makes sense to play both sides of the trade. Now, if I have a really strong directional assumption, even if something has really high IV, I'll play it directional. So it'll depend. Yeah, I hope that answered your question there. But yeah, it's not quite, at least the way I trade, it's not the way your fake trading gurus out there that are trying to day trade futures and Forex and looking at candlestick patterns and all that, thinking they can predict something. No, that's nonsense. My thinking is hey, am I getting good reward for the risk I'm taking on the trade? If it looks like it's a good deal, I'm gonna take it. If it looks like it's a horrible deal, I'm not gonna take it. Matter of fact, if it looks like it's a horrible deal, a lot of times, check out what the other side of the trade looks like. For example, if selling that call credit spread looked like that was a terrible trade because I didn't like the risk reward, well, flip it around. Buy the call credit spread that was out of the money, right? Uh if you didn't like one side of the trade, maybe you like the other side of the trade. So sometimes it's all about, yeah, am I getting paid to make that trade as far as risk reward more than whatever your directional assumption? Generally speaking, when it comes to options trading, you do not want to primarily be putting on trades where you have to guess a direction and be right on direction. You're never gonna make money uh in any type of trading if you primarily uh have a system that requires you to guess on direction and be right on direction. You're just that that's never gonna work out. That's why most of my trades are trades that I do not have to be right on direction. I have very few trades on where I have to be right on direction. MCL, short put, don't have to be right on direction. Way out of the money on that put. MCL can go down. I can still win on that trade. Call ratio, don't have to be right on direction. Call ratio, don't have to be right on direction. Put ratio, don't have to be right on direction. Put ratio don't have to be uh iron condor, don't have to be right on direction. Strangle don't have to be right on direction. Like I have nothing really on. Got some long calls on in Pfizer for January of next year. I gotta be right on direction on that. I mean, this is a long call, you know, a debit trade. Debit trades, a lot of times you do have to be right on direction, especially just buying a call or buying a put. So I mean, that's one trade out of, and I'm looking for the rest. That is practically the only trade I have on. One for January of next year, but pretty much all the trade the real trades I'm in, and that Pfizer trade's a small little trade. Uh one of the Discord members, I think, got me into. All right. I'm not in anything where I have to be right on direction. Because being right on direction, hey, if you got a crystal ball, great. My crystal ball, I can't get it to work. My crystal ball has never worked right. So, all right, guys. Well, I'm gonna go ahead and get out of here. Thank you guys for hanging out in the YouTube chat. Uh, please give the show a thumbs up if you're watching on YouTube. For those listening to the audio version of this podcast, because this show is released as an audio podcast. So if you listen on Apple or Spotify, give the show a five-star rating. The show is typically released as an audio podcast about five to ten minutes after I'm done streaming on YouTube. All right, guys, I'll be back tomorrow morning. Have fun trading these markets. Peace.