Transcription
Let's uh start by sharing some screens here. One, two, three, four. Okay. Good morning everybody. It is Wednesday, July 16th, 2025. My name is Bonito, True Trader admin. Hope you're having a great morning.
The uh disclaimer, neither True Trader nor its representatives are registered as a security broker dealer or investment adviser with the SEC or any other state regulatory authority. We're not licensed or qualified to provide investment advice.
Uh Morning Wire is out for the 16th. Don't measure yourself by what you've accomplished, but by what you have accomplished with your ability, or what you should have accomplished with your ability. John Wooden, great guy there.
We are watching five names today. Marvel, uh, Google, J&J, Tesla, and you. These are full trade plans. Good for the first 10 to 15 minutes. These are, uh, stretch targets during the imbalance at the open. Prices may drop or or pump into either these short or long levels. We will be ready for them. Uh, on that first touch. uh after 9:45 or 15 minutes, we would do consider these entries uh dead to us.
Uh S&P 500 levels are good pretty much all day. We watch the spy for that. 61950 and 61780 are two support zones. 62710 and 62930 are two resistance zones. We did have uh more PPI numbers come out this morning about an hour ago. Um but we'll head into the trade session with pretty much no major economic numbers. Got crude inventories coming out at 10:30, but we should be wrapped up by then. You know how we do. We just do one hour per day and then we go live our lives.
All right. We will be trading with our savages, Audriano and the Savages today. Think he won't be with us tomorrow, but uh let me pop into their channel, make sure that they are good to roll and get some audio here for them. Let's take a look at that spy level. Oh. It's more like okay this 15 minute chart. Yeah, these are great levels. Just go through the uh morning wire here. Hey, good morning Carlo. How are you buddy? Interesting level right off that 50day. I like it. Yeah, I agree with you, Carlo. It's been a uh kind of a challenging market. Definitely see us uh being a bit more cautious. Not a ton of trades yesterday. Let's see. How did we do yesterday? Got so busy at task. Yeah, yesterday was just like small handful of trades. Nine total, but basically flat overall. Hey, good morning guys. Morning. Hey, how's my volume? Morning. Great. It's like you're right here. Good. Okay, cool. Awesome. It's not faint like yesterday, right? You from the morning wire is triggering the short level. Just uh we consider that one cancelled. No pre-market trades. Dokie. Hey, good morning guys. Good morning. Good morning. Um Curly is out of commission today. She's traveling. Okay. Unacceptable. It's going to be the boy. Guess we can talk about her now. I'm sorry. I guess we can talk about her now. Oh, yeah. Cancel him. Where's my uh It's very odd. What's up? Can't find my view up alerts. It disappeared that everyone's stalking those alerts anyways, but still I need Everything uh smooth for you, Vash. Yeah, up and running. I'm actually going to I'm going to throw your indicators on after the first hour. Um I'm using Darby's right now, but I figured that just to be safe. I wasn't I was unable to uh to load. is I've been taking a beating from my printer for the last 45 minutes. Some reason it's not fine and I you know I'm leaving in an hour and I need to take this all the things I would guess that brings Audriano to his knees. Printer is not it things like is wired works the Wi-Fi if he doesn't.
All right, let's go. always freaking MP another crazy gap MP. Yeah, that's uh it might be MP. The play today is put on the 3 minutes minimum and see if he gets to 67. Okay, got it. That's the trade. MP's alltime highs. Oh yeah, it's me high for put on this one here earlier here should probably do break out over 63 GPN has some news like the fund investing in it. Watch you at the open if it goes back to G2C. Mhm. Mhm. even like 3060 not bad tra. So put some alert to is on the morning wire at 13 3050 30:15 excuse me for 30 50 seconds. All right, same plan. Spikes for three minutes and then scatters for the rest. Yes, sir. Yes, sir. 15 10 Carlo says MP such a tough one to trade for me. Two seconds. Let's go. MP dump. MP dump. Marble down. Shoot. Watch MP on the five if it loses more. Yep. J O B Y. Yeah. Hey, I'm gonna Oh, never mind. Oh, man. MP on the 10. Yeah. Watch MP. Yep. This is a big drum. This GTC would be nice. I'm buy MP 60. Yeah, I'm long MP 6010. All right. Morning wire alert on J&J short 16110 be trying to cross the 10 MP to buy 5915 I missed all right I'm selling uh MP half a 6070 J&J from morning where I stopped. You champion 15 now to add. Mhm. Okay. 40 more seconds. 15 crossing on MPM. I'm adding to MP. I'm trying to add. I didn't get it. I pulled. I tried 5946. What's Bank of American money? Oh, get all back on that. I'm going to stop MP if he goes under 59. I'm adding here and I stop all under 59. I added 5946. 59 uh 5978 is my average. I'm selling uh one. A [ __ ] that was quick. And I stopped everything on the 49. Oh man, this thing is f 18 cent spread. Which one? MP. I don't see the spread. It's There's no spread, man. is the spread is coming in and out. I have a stop at 5896 marble. Watch a marvel 677 please. Okay. 150. Same same level. Yep. Yeah, MP is not turning. See here. Oh, my stop is there. J O B Y 52 week highs. I'm offering half MP on my average. This thing is like it's crazy. Look at this pop. I was about to get stopped out. I'm out. You stopped me out. All right. I'm going to give a minute to it. MP. Now I care if it goes back to 62. Mhm. Okay. Focus on guidelines now. Joby Y. There's nothing to go by here and be so freaking crazy strong. Mara, watch Mara. Mara, I'm going to go back on MP. It's not revenge. It's just it's holding here. So I'm long MP 5942 Mara covers on MP be watched 6050. Uh, I'm selling a MP 2/3 plus one. This piece of time just stopped me out and then went. All right. Good. Oh, good. MPVW. I have 6033 derby. What the heck? My VW is at mine is 6050, my friend. Merc seems like every day at the open. T is turning on the 30. Benito, can you please check what time conference call for Bank of America is? You don't mind? Thank you. July 16, 8 a.m. Let's see. Hold that. 11:59. Okay. I'm sorry. You are not thrilled about the volume. Which one? Mhm. T E R T E R. No, not actually. Never seen this one before. Yeah, Mar did come in. VWAP. Uh, not got the best move. Mar. Yeah, not even a point. TR is a semi. Make sure you got it there. Bank of America. MP watch and MP stands for pest. All right, I'm going to kick out MP under 5860 and I just going to watch in five minutes. Mara, you're at the VWAP. Is this where your VWAP is, Derby? 193 uh 1973. Yeah. Okay, cool. Straight MP was off. Mar's trying to turn on the 15. Tomorrow 1960 probably for long. Mhm. 1930. Got close back. Marble. Let's come back. Yeah, MP is very, man. This thing, it was just on my average and it's down again. I stopped out 5860 MP. I'm done with this one for now. All right. Come on. One minute already crossed. Oh, never mind. 0. Wow. Nothing yet. So, I'm not seeing anything else. No, nothing else yet. More getting to the 1960. Watching on a 30 second level. I like 1950 ideally. 1930s would be sweet. Yeah, I think 40ish 1930. Uh, I'm buying the cues. I'm buying the QQQ right here. I'm long QQ. 555 85. Try TQQQ's also. I'm on TQQQ 84 8445. I'm selling the Q's and I'm going to keep the T. I sold the Q's entry and I'm holding the TQQQ long. 8435 on TQQQ. 84 45 long 45. Got it. Thank you. I'm selling half 8465. What the hell? Oh, shoot. TQ is just to one margin, huh? Mhm. just realized I was like, "What the?" All right, that's right. Okay, I remember you saying that. Yeah, I love this type of instruments because they're so liquid. Mhm. Spreads always one cent. I'm selling 65 half 30. 75 and 65. MP's trying to turn around. 70 and 10. I'm watching another team. 75 what it's worth. And then Mara holding this R5. MP's trying to turn around. Audrey, for what it's worth, I'm watching. I'll let you know. Now, if it goes back to 170. Yeah. Yep. for us trying to cross a 30. Never mind. How much did the give so far? I'm not even going to bother calling this MP2 minute. It's just too far of a stop. 6170 only. Quiet scanners. Hey. Uh, can you tell that uh Don is sending a message saying he's on the road and he doesn't have a way to communicate to let them know that he's not going to be around? Okay. Yep. Yeah. We just Yep. He sent me a text. Yep. Yep. Let's go. Hey, Mara. Holding me mara on the I'm mara time we start with third of a size of marara I'm long third size mar 1960 long sir The view up is 71. I'm selling half a 70 and then 75 mara second level 45 is sticking what what you talking about Mara Mara All right. I was just watching the whole cross off these levels. 45 is sticking. Yeah. Uh I got filled couple hundred shares on Mar 70. Okay. I'm I'm out 70 on the cell. Mara 25 is next cell 73. I was at 73 and I didn't get you think Dell Thompson. Mhm. Copy. Yeah. I see the result. But yeah, Dell only on earnings. D what? I see. I said uh like you said, just trade Dell on earnings. Really? Mara, what the hell? Missed by two cents. All right, Mara. What I sold, I'm going to buy back. No, I'm going to buy back twice this size now. A 1932. Got it. 32. 32 33 there. We're right on the border. Tesla morning wire short 31860 stop over 320. Q. You can do this. You can do this. Come on. Mhm. Come on. He was bouncing off that key level. Oh, you stinky. All right. Come on, Mara. Yeah, Bitcoin's doing a one minute hole as well for what it's worth. Hopefully that pushes Mara. Benito. Yes, sir. Please wait to sell your Bitcoin until Malamara. Every time he sells, he creates a huge jumps. Yeah. Oh, yeah. It's called the tsunami of Woodstock. Every time he gets he close a trade, it creates a tsunami of flood of sale man. That morning wire from Tesla got in only three cents a heat looking good right now. Yeah. Okay, hold on a second. Tomorrow's about 5 cents away from that 2 minute 80. Be right back. Yes, sir. I look at Reddit. Reddit on a 45. Yep. Let's make sure volume is okay. Volume's decent. Uh, yeah. Okay. It's a little spready. I added I was on mute. I addedQ84. Same size. My average is 8424. Okay. Right. It actually looks very good. Mara almost there. Yep. Where did I have on the 45 second apple? All right. Amen. Lord day. Okay. I did say I added, right? Yes, you did. Yes. The only part of this is like it's really eats up your buying power if you buy size. Mhm. One heartbreaking. Tesla missed its profit target by 15 cents. Yesh, man. Oh, this is ridiculous, right? He's talking to like Tesla $300. 15 cents out of what a point. Exactly. I mean, how ridiculous is that? What was the profit target? Profit target is 31660. Two points. Oh, that's tough. All right. What was it? Low mar 40. Okay. All right. Okay. Watch Reddit on this 45. I don't I don't really like it. Reddit. It's just volume's just dying. Oh yeah, I see what you mean. Five points from the high. There's talk that uh Trump is going to fire somehow. I think there's talk he's You guys see the news that they just and everybody's under the impression that I think I thought Pal was stepping down. I thought he was too. I don't think Trump could fire him. I thought he was just stepping down. I know, but he can put some kind of pressure on him, right? To leave, I guess. Yeah, actually the thing I saw was like 3 days ago. Is this something new? No, yeah, today. There was a meeting today and as everybody was leaving the meeting there like that, you know, that might be something that's imminent. I don't know if that's positive for the market. For the economy is bad for sure, but for the market, who knows? Probably good. If he sticks someone in, he'll cut rates like 2%. Yeah, but that's awful for us, man. I know. I'm not I wouldn't be happy. Inflation would just Exactly. having all this. It's crazy. Um, Reddit on the 45 crossing. Yeah, it's trying. RSI isn't stuck yet, but yeah. Okay. I don't know something about this Reddit. Oh, damn. My average Mario had been so beautiful was would be right there 1940. Mhm. All right. MP doing kill. Yes. Okay. Okay, I took Joby out of my list. No bueno. J O P Y. Do I want more there? Yeah, I'm still on the bit of 32. Okay, pure. Oh, a lot of volume coming into the Reddit. Reddit. Do you guys like this Reddit? Let me take a look. I don't like this Reddit. Oh, we don't like it. I'm just bored. Just have it on there. Why are you talking then? In that case. Yeah, you're right. I like I like it. I like it enough to to take it, but I just don't like. Okay. No. Yeah. Last two days today and yesterday. Not very slow. No. Sorry. What to expect for summer? I guess all the institutions are um I was on mute. Mute. Tesla did hit its profit target. Congratulations to those who took it. There you go. A little bit of a ride, but we got there. Just confirming positions here. Mara and TQQ Long. Correct. Yes. Siri, Bob. Mu crossing the two micron. All right, I added to TQQQ. I have like complete full size on TQQQ now. 8412 is my average TQQQ full size. All righty. Where is that VW again? I stop. I will stop under 8376. You want just an impenetrable ceiling? Mara just hit its head again. Look at that. Jesus. Oh, it did. Yeah. 15 seconds. Rejected hard off that VWOP. Yeah. Oh, I'm a 75. Oh, wow. I didn't realize this view up. I was watching it. Uh 868 vol. Yeah. Supposed to be a rock amongst something. My first cell on TQ is 8428. I'm sending all the way to view up. First one's 8428. Okay. 28. Okay. Just give me a second. I have to think of a couple things here. 48. This is a third third. Uh, no. Porter. Quarter. Porter. Okay. But I don't have other sales yet. I'm selling a quarter 84 8426 to 8430. So if I get filled 84 uh 28's my average for this piece worked uh oops sorry talking Portuguese for me. Uh so this is what I think is holding the market right now. The problem is I don't know if it's positive or negative. Mhm. Several Republicans left the Oval Office meeting under the impression that Trump is about to move against Fedrum Powell Meredith right and Paulina. He was out today at 9:22 a.m. Eastern. Well, has to be isn't good for the market, bad for the economy. I think it's a good way to isn't isn't odd even to say that. Yeah. Good were the days where the market was a barometer of the health of the economy. Yeah. Guess time to buy bonds like some Well, I don't even know. I feel like they're moreit. They're more long-term inflation gauges, right, than just exit the dollar, funds, right? Mirrors. But you know what the problem is with economy these days is like with the not economy, the market is just like a handful of stocks are responsible for how much the market is running. Oh yeah. So there's that disconnect between you know the companies all the companies that was happening in the economy and what's driving the market higher which is Nvidia, Microsoft, Meta right take a look at you know companies that that sell food general meals cargo huh Tyson. Well, it is still right. But look all of them down, down, down, down, down. That's the economy. Uh, General Music GIS. Look at the daily chart on that thing. Making new lows. Mhm. That's But the market, look at, you know, what counts is the stocks are, you know, gaining. They're strong, which is, you know, This divergence has been going on for almost two years now, right? Right. It wasn't like this like 10 years ago. Now it's just like it was more balanced. Now the balance of the weight of the companies that is like they orchestrated that the balance is on the all the tax tech you know remember when Tesla was responsible for 50% of the market. How insane is that? It was I think was 42%. Tesla was responsible and was when Tesla was just taking off. So of course the market's going to follow it, right? Yeah. that there was some net chart I saw recently is like cap weighted versus eco weight S&P and since what was it like 2022 or something maybe 23 it was just like well the point I'm trying to make is like you cannot try to rationalize you know economy is doing great market that means that market's going great economy is going great and vice versa but the problem and then it's kind of hard to gauge the next move right so like is I'm a bit shy until something comes out of this power news. Plus, I have to leave in like 25 minutes. I didn't even make my luggage. Oh my gosh. Nope. Not. As a matter of fact, I didn't print these freaking things I had to print because the printer is not working. So somehow him not much range in anything today. No, him especially is for the last almost two weeks is like been a little boring boy. RLB. Well, guidelines auto trade. Took four trades. One red. Four trades. One red. The smallest win was $250. The only red lost $95. Red was Red was coming to me. Joby. Really? Joby? Yeah. Mhm. He took the short at 1535. Oh. Oh, yeah. I just got poked out from the top. Don't do that to me. Mara, go. Anyways, Mara's just living on that VWAP. Oh, I said Mara is living on that VWAP. disappears. No way. It hits his head a third time to get it. It's got to break through, right? It's got to It must require him. Doesn't have to do [ __ ] Thank you for the reality check. Yeah. Yeah. Snap out of it. Hey, they took the Reddit long. Yeah, Reddit was good. It did. Yeah. Don't see the tra. Look at RKO B. Audrey I can send there. I don't know why. Okay, I'll be right the finish. Fine. But for the love of God, when you see time, that's when the order went live. That's not when it got filled on. That's why