šShortsCenter: The Sunday YEET
Duh-nuh-nuh, Duh-nuh-nuh
šŗWelcome to ShortsCenter
This market is rumblingā¦stumblingā¦bumbling its way into all-time highs. If thereās any Bear left in you, let me break down some stats this past week:
šTSM beat on AI demand
šBanks beat
šNFLX beat
šSeptember retail sales beat
šInsurance beat
šJohnson and Johnson beat off a strong Q2 performance inā¦.Manhattan?
Numbers donāt lie. Every signal in every way is pointing to a market that wants to go upālike, the CEO of NVDA is out here signing boobs! Is this real life? The S&P 500 and the DOW also closed at new highs. While the Daq Prescott didnāt quite set a new high, NVDA roared to a new high on Friday.
What makes the continuous market rally even more impressive is how hot weāre running while taking into consideration the likelihood of a less dovish Fed in the face of stabilizing employment.
Oct 4 (Reuters) - U.S. job growth accelerated in September and the unemployment rate slipped to 4.1% from August's 4.2%, further reducing the need for the Federal Reserve to maintain large interest rate cuts at its remaining two meetings this year.
Well apparently it donāt matter because shit is going up and to the right.
So when we look across the markets we see highs, bull flags, lowering bond yields, and general bullishness. As this is happening, we have left behind several downside gaps, retests, and other price action checks and balances that prevent an overheating from getting too hot. Even our beloved SPY, in addition to multiple unfilled hourly gaps, has a 3 point daily gap down atā¦.503?
So what could possibly put a breather in this rocket ship? What zany group of hosts could talk us out of an unstoppable rocket ship to Valhalla? Of course, itās our loudmouthed friends from The Fed, known to The YEET as ShortsCenter
This weekās scheduled to have a host of Fed members talking in the midst of what is an uncertain time around whether or not we will see an additional 25bps cut after the one weāre virtually guaranteed at the next Fed meeting. Should make for some good gaffes:
The reason the Fed has blackout periods is because their words carry weight, and all these Fed muckity-mucks will be using their remarks to drive home their vision of future rate cutsāessentially giving a voice to their spot on The Dot Plot.
Between that and a slate of earnings including TSLA and AMZN reporting, make sure you play it smartābuy time on contracts and check the YEET for index flow. Otherwise, you may end up on Bad Beats.
šWelcome to The YEET, brought to you by Unc.
šBad Beats: Whale/Chart Tutorial Using ASTS 0DTE Analysis
On Friday for 0DTE YEET had an early miss with ASTS (which we then made up for by finding the HUM flow an hour before closeāthey announced a potential acquisition after the bell). Anyway, heading into the trading day the flow looked good, the Price Action looked good, so how did this become a Bad Beat?
Backtesting. In this trade review and tutorial weāll look at reclaims, backtesting, and a new candidate for a two-way play thanks to our analysis of this trade.
šSNAP Chart and Levels:
š³The Flow Section: Link for The Peopleās Screener, Instructional Video, and Flow Find
āLegacy Filtersā as weāll refer to them are filters that are flagship and will be available to all YEET Plus subscribers. At a rate of probably about one every month and a half or so, these will be publicly put out with an instuctional video showing how to use them.
The other filters Iām tinkering with with will be provided in their entirety to YEET Plus annual subsāthis is not a money grab, but rather because I was informed via twitter that some are paying the monthly sub, and just screenshotting/sharing the work among groups, or using trial loopholes. The fee is extremely low for the amount of work that goes into The YEET, so it grates me; I say objectively I have looked around at the other letters, and without including the alerts twitter portion (because this is not an alert service), I can proudly say this is among the better of the Substack financial educational content, at one of the lowest prices. The filter links for the annual subs are my way of thanking folks for commitment, itās just as simple as that. Those currently are:
š«The DTE Desert Eagle Flow Filter (updated)āfinding weeklies
š„The Atomic Alert Filterāsorting alerts for deep OTM, further out whales
š The Becky Sauce Ultra Alert Filterāsorting alerts for OTM, urgent whales
šØš³Weapon Xi Flow Feed Filter- Chinese ADR filter
šļøIntraday Sniper / The News Finder (the one that has caught all those news moves the past couple weeks)
Those will arrive an hourish after this to annuals.
šTUTORIAL FILTER, HOW-TO, and Flow Find: The Peopleās Screener
The Peopleās Screener is our flagship/base filter, and technically can be altered to meet the same criteria as the other flow feed filters if you apply critical thinking and experimentation to the education providedāso if you are willing to work, in a sense, theyāre all accessible. Notable finds during its run: