Onward & Upward πŸ’ŽπŸ™Œ (Stocks & Crypto)
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Dumb Money w/ Matt Ep. 171
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So uh uh: let's go gang folks, folks, folks, folks, folks, team team, team team team team team - we are back at it again. We are back at it again daniel. It is wednesday december 8th and it it feels like something's going on in the ether. It feels like something is going on it.

It just has that feeling that it's going to be some sort of an exciting day and i'm so i'm so privileged to be able to spend it with all of you. We have some things to talk about. I have some stories a story to share from last night and i'm going to be relying on all of you to make some financial decisions for me. So let's try to get that out of the way.

Maybe before the bell goes: ding ding, ding um. I don't know just feels like something's going on the market. It seems like it's kind of found its base and it's coming back around. I was you know me, i'm a little bit of a math nerd.

Yesterday i was looking up some stats yesterday for the nasdaq. The nasdaq 100, the cues right here this old thing, the best day it's had ever since all the way back in march - that's crazy and it's actually even higher today we're going to that 400 level. Man. Yesterday, we crushed it on an nvidia trade.

I swung nvidia overnight as a second trade. Let's see if we could get out of that for a quick, 10 profit and then, let's see what other opportunities we have, of course, i'm gon na be bullishly biased, just because the market is turning around from a technical perspective, but on top of that seasonality. Right now, for the remainder of december, really up until the first inclusive of the first week of january, it's a pretty bullish, seasonal time. So i'm seeing what kind of opportunity we have now, just because seasonality tells us one thing: does that mean it has to play out that way, absolutely not, but we're just trying to see where the dac is or isn't stacked in our favor uh.

So, quite a few things to talk about quite a few things to like, i don't know, feel out about everything, so let me give you a kind of a good foundation of what to expect for the day first of all. Well, what's this roku reaches multi-year agreement with google to keep youtube on streaming platform? Hey shout out to roku. Roku has been pretty beaten down lately. I wonder if this is going to get some excitement for it.

Uh yeah whoa look at that gap up buying it off of some classic bullish divergence, a trend breakout, maybe putting roku on the watch list today, because if this thing can get over 236, you might get a push all the way back up to this gap fill At whatever this low is 269., so roku with a quick, fundamental development, there you're buying it off of weakness, you're getting potentially a trendline breakout and you could get gaffled. There might be some opportunity on roku today, just some breaking news, but yes, green green, green, the dao, the s p, the nasdaq oil's up at 72 yields are up: green, green, green, green, green, green, okay, five things to know before the market gets going today. Wall street's set for another rally as pfizer booster, shows promise on unicorns pfizer said three doses of its vaccine are effective at neutralizing, the unicorn variant. So if you're in that situation, where you only have two, it sounds like you're just screwed, but as soon as you have three, you are good to go.
Two unicorns are coming for you. There will be a stampede of unicorns, there's nothing. You could do about it, but if you help pfizer and get your third shot, you will be completely protected and trust me. It has absolutely nothing to do with the fact that they're trying to sell more which the government is sponsoring - don't worry about that at all.

Two unicorns coming for you: three you're completely protected, there's gon na be a magical force field around you and any unicorns in your life. Obviously, i'm saying that a little bit facetiously, but very honestly there are some early studies coming out of south africa like it not enough. Time has really passed quite yet, but early showings are kind of saying that the pfizer shot, particularly it really does assist with. I guess diminishing some of the aspects, the symptoms of the unicorn variant, so those are some early studies just trying to get some of that information out there.

I think it's just funny that particularly three doses of it. That's that's the trick for unicorns. I thought that was a little bit funny. This week's gains put all three stock benchmarks back within striking distance of their all-time highs, so they're talking about the dow, the s p, 500 and the nasdaq um.

I am. We typically here track the s. P. 500.

The nasdaq and the russell, the dow i don't think, is that good of a benchmark because it's just 30 of the top stocks. I don't think it's that good of a swath um, but also today, 10 a.m. Et the government releases the october's jolts data shorts for job openings and labor turnover survey, so we're going to get a little bit more information of the jobs market once again, that's at 10 am so don't be surprised if we see some reaction in the overall indices. What just came up beyond meat tyson food veterans as it prepares for fast food growth next year? So beyond me doing a little bit better uh.

We already talked about this third pfizer shot against new variant, similar to two-dose protection against original, and this is from the ceo of pfizer. Ensuring as many people as possible, are fully vaccinated with the first two dose series and a booster remains the best course of action to prevent the spread of rona 19. meta, formerly known as facebook tells staff that they can defer their return to the u.s offices. I don't know why this is breaking news or a top five thing to know.

They're allowed to, i guess by three to five minutes: push it off. What i find more interesting with this is the storyline that's still being developed with instagram and the steps meta facebook slash, instagram are going to be taking to protect the world's youth. It sounds like right now. Some of the things that they're suggesting are you.
Children will be unable to tag people in any of their posts or stories or reels if they are not a follower. If that person doesn't follow them, they're also starting to monitor how long people are continuously on the app and, if they're on for too long, they might nudge them to kind of get off of it and also they're coming out with a feature that will allow parents To actually set a certain amount of time that they're allowed to be on instagram per day um to me, i see why they're doing those things, but i don't know if that's really addressing the true problem here of just like the fact that, like i almost feel It a little bit myself like with my presence on social media. It is addicting, you do care about the numbers you care are, you are people reacting? Well, are you getting the views? Are you getting the likes and i'm saying that as a 27 year old man, i i can't even really fully understand, like the mental gauntlet, that teenagers are going through, especially uh female teenagers like this type of stuff. It has to be so difficult.

Brief drop in mortgage rates causes sudden surge in refinancing a brief drop in mortgage rates due to the market reaction. To the first word of unicorns caused a refinance demand to rise, a dramatic nine percent last week, um most likely it's going to be short-lived. I just want to bring this up in case. You find yourself to be a fan of the real estate market.

Just thought it was some interesting news house takes away, takes key step closer raising the debt ceiling as deadline draws closer. I find this to be very interesting. The house took a first step towards preventing a possible default on u.s debt. The chamber on tuesday passed a bill that will allow the senate to raise the country's borrowing limit.

With a simple majority vote lawmakers attached provisions to legislation that would prevent automatic medicare cuts set to take place at the end of the year. The measure heads to the senate, where it will need a 10 republican vote to pass to go to president joe biden's desk treasury secretary, janet yellen, has estimated that the u.s will hit the debt ceiling on december 15th. On top of that, i just want to let you know that there was also a different bill with to like a defense policy bill to base for payment for service members, and that was to the tune of 768 billion dollars that also made its way through. So we have some political stuff also going on, but beyond that i also want to talk about this.

This is exactly what i was just referring to the house. Okay is a bipartisan defense policy bill that includes a service member pay boost. This is the one that was 768 billion dollars, so that has gone through, but yesterday was kind of an interesting day. Uh president joe biden had a two-hour discussion with president putin of russia and it all was about ukraine and basically it's like they're playing a weird game of risk, so ukraine uh, i believe it gained its independence in 1991.
So really not that long ago, and russia still very much thinks of it as it's like little brother. There are some cultural and linguistic overlaps between the two uh people in the ukraine kind of argue that putin overstates how many overlaps there are, but it kind of seems like from putin's standpoint they're trying to the culture of russia. They want it to have a strong anchoring in eurasia um, so i that's kind of some weird. I guess like political things going on and what's really happening is in the thousand-plus mile border that they share between the ukraine and russia.

Russia has fortunately placed a hundred thousand troops right at the border, and people are like whoa dude. What are you about to do? Some people were a little bit worried to see if there could particularly be an invasion attempt in early 2022 and that's exactly what the subject matter was. When biden was speaking with putin yesterday for over two hours and the entire thing to my understanding and i'm definitely not a political expert, a geopolitical expert, all this stuff, uh there's so many nuances and important things to know, and it just takes a lot of time To really learn what it is to on the highest level is biden is basically saying: hey, don't do that, remove your troops? Why are you lighting up the border you're, making really everyone feel uncomfortable and the bargaining chip? That biden has to try to make this like issue particularly go away, is through the financial sector. He can make it more difficult to convert rubles over to us dollars and on top of that, they're also putting pressure on germany to kind of mess with the pipeline.

That russia is attempting to go like to europe, so it can more easily sell gasoline. So that's kind of a two-prong attempt right there, financial and then also like pressure on germany to stop this uh pipeline. So that's the bargaining chip. I don't know how important this storyline will or won't become at the end of the day, so we're going to have to wait and sit back.

I just want to bring it to your attention, because whenever there's political issues, for example, the fact that many countries are now pulling out of sending delegates to the beijing olympics political tensions um, they can clearly have an impact on the stock market. And then, particularly with this one, it can have an impact on gasoline and oil, so i wanted to bring that to your attention. There is a little bit of, i guess: silver lining, we'll call it uh like a comedic silver lining, so the official ukrainian twitter account. Yes, this is the official twitter account for the ukraine.
Look at this types of headaches, migraine, hypertension, stress living next to russia. The fact that they like this is so goddamn funny like, amongst all of this insanity, like true massive political attention. The official account yesterday tweeted this out. Oh you got ta laugh at it.

That is, that is just too funny. That is comically. That is that's just way way too funny all right. Let's quickly talk about the overall market from a technical perspective, so the s p.

500, i'm looking forward to test 470 and some change so about two dollars higher than where it is in pre-market right now, that's the next level of resistance, and then, after that i will be looking at the all-time high. 473. 54.. A lot of strengths, the the bulls, are definitely showing up in the overall market um.

The closest support, i would say, is 462, so we are closer to this resistance. I would like to see a test and break out. Maybe we'll be testing the all-time high before the week closes out nasdaq 100, i'm still calling out 400 key technical level key psychological level. I care a lot about that.

If we get above it close above it and then watching 407 and same thing, the nasdaq 100, the queues will be within striking distance of an all-time high. The russell 2000, not really within striking distance of its all-time high. It got beat up a little bit more ever since the high on november 8th, but we are fighting back and i'm looking for this gap fill at 228.50 right now, uh similar to the other two indices. We do have a bit of a gap up, i'm really liking this bullish divergence.

Uh we've been talking a lot about that, as we've been doing those technical studies with macd alligator rsi. This was definitely defined as a buying opportunity, and i want to see if this can go all the way up to 228, which would be this gap fill, but maybe we'll get this trendline breakout and from there i would be interested in 235, 236.. So, overall, all three of the indices that we pay attention to are showing strength this morning, and i am going i'm bullishly biased into market open, and i want to see how the first half hour hour plays out, but i'm definitely bullishly biased as we go into The trading day now for amc, gme, uh amc's up a little bit in pre-market. We want to get above and close above 31.25.

We were very close to that. Yesterday, similar to the russell 2000. We are seeing some bullish divergence in these daily candles. Uh, the like market and also individually amc has gone lower, but we're seeing less bearish momentum.

So that tells me that bulls that tells me that apes are stepping in to finally buy. We need to get this breakout and then, from there i'll be watching that 35 mark in terms of gme similar situation just got beaten down. We found support right now. Looking pretty good in pre-market would love to see it get above 187 and then i'm looking for a test of 200.
in terms of ortex, the short interest on both amc and jimmy has been going up up and away. The short interest right now on. Amc is 19.12 and the estimated short interest on jimmy is 12.55. Both of these have been going up, and up and up already today, they've borrowed 600 000 shares against amc and they've borrowed a hundred thousand against gme.

Beyond these two uh yesterday, i didn't trade it at all, but it was actually the most heavily traded options. Contract was apple, makes me feel like someone knows something that i don't, but for this week december 10th and also december 17th, there were a lot of 175s bought. People were really shelling out money on apple, so i'll be watching this. Throughout the day, i haven't actively traded apple in a hot minute.

I don't think it's the most favorable environment, because it's already in the overbought territory - and i am being bullish on it, but maybe maybe we could get a quick 5 8 10 trade in there. Like. I said yesterday we had a very nice trade on nvidia and then i got a little bit more for the swing. This expiration is december 17th.

So i have i wanted to buy myself time for environments like this. It is down 1.5 in pre-market. So i that's exactly why i got myself time, so i have more time for this to play out. I was very much watching this 324 level right where it closed out yesterday.

That was a key level of resistance. If we pay attention to the daily chart right here, it hit 324 and the resistance is guess what acting has resistance. So for me to be profitable on this trade, i kind of need it to retest that and maybe even get this push above to. Let's call the 324 325 breakout a door that will lead to three 333, but once again december 17th, so not this friday, but next friday, so outside of the world of amc and jimmy um, very much watching apple and nvidia.

Today, if robin hood continues to show a weakness, it's already so beaten down, i would love to short it. I would love to buy, puts, but it's already so beaten down that i don't want to be like poking a bear there like. I don't want to be like a short who gets messed over because they're still big players who are highly supportive of robin hood and, of course, i'm still watching prague. But for me prague is pretty simple um.

I think it's under a valued company, i'm more than happy to sit there and see how things are really going to play out with it. Let's check on lucid, very quickly hanging out at 43, not doing anything too crazy. Of course, if there's any mega movers or anything like that, uh i'm more than happy to check it out. But let's do a quick check on crypto.

So right now bitcoin it did come back below 50 000. But it's like right there. I think it recaptures it soon. Ethereum is at 4375.

It's looking pretty strong, so lana at 190 would love to see this recapture 200. avalanche is hanging out at 90.. If it goes down to 80, i'm definitely going to be seriously buying. Some avalanche manic has been strong this entire time.
Over the past couple weeks, i've been bringing it up, i'm in manic. I, like matic, it's um kind of an ethereum layer, 2 project to help fix some of the issues that ethereum has, such as its transactions and its cost. So matic i'm very, very bullish on all the major utility coins and then the ones that are particularly trying to improve those utility coins uh. This has played out very very nicely.

I think my first purchase of manic was around 135-ish, so this one has been like a killer of a trade um loop ring. I wanted to bring to your attention because, particularly today, because gamestop after the market closes today has its uh third fiscal quarter. Earnings report and who knows we might be getting the announcement that, like the big assumption, is that they've partnered up with loopring, but it hasn't been publicly announced. Quite yet.

So i wonder if, in the earnings announcement they're actually going to we're not going to talk about loopring, we already know that gamestop has fully committed itself to creating an nft marketplace and the big assumption, through various things of just checking out loot rings like github. Looking at who follows who, on social media, there are strong indicators that loop ring will be the crypto, that's like kind of backing their efforts, but once again not officially announced, and i'm just curious that this earnings announcement um if that announcement will be coming out. I do own gamestop and i do own loop ring so with both of these today, i'm i don't really think the technicals ever matter right before an earnings announcement, because, if you're watching those intraday charts like does it really matter when you're about to have a big Fundamental announcement and the post-market training is couldn't completely just like wipe out whatever happened during the day. So on days like this, the technicals just don't really matter to me when you have such an important fundamental announcement about to happen, so we can watch it and see.

What's going on, but whether up down or sideways, the action like i said just doesn't matter, because what it's really going to come down to is what is or isn't said on the earnings call once again after the market closes today for gme. So you might have noticed that i have a new thing up here: ohm o h m and i have about eight minutes. So maybe i need to save this for later, but i'll give you the quick skinny on this ohm um many people recently uh when i like have been doing some crypto related things have been saying: hey what about olympus style? What about like wonderland time? What's going on with these, and i was like okay i'll look into it last night, uh couldn't sleep so i was like and like a video got served to me on youtube. That was, i don't know i.
I went down a rabbit, hole on youtube and before you know it, i was watching all of these videos on olympus, dow and also hang on. Let me bring this one up wonderland time and wonderland time right here and now. What's particularly interesting about these is, whenever you're in the world of like crypto and liquidity, pools and playing that game, trying to make some money. Um farming basically yield farming.

When you see numbers like this, my right away, it's a red flag, i'm like can you seriously get 7 264 and then wonderland time is basically saying hold my beer and their apy is 76 000, which is just absolutely incredible. So, in the middle of the night, what i did was, i don't know if you can see some of my private information, but if you can, please don't steal it um i got. I took half of an ethereum 0.5 ethereum and i put it on olympus dow for to see if this is real. I am the guinea pig because whenever i see numbers like this, i i just don't believe it it's one of those things that if it sounds too good to be true, it probably freaking is um.

So i don't know i i really. Of course everyone wants. This type of return to be true a year later, to be up seven thousand percent, like that's crazy, as in, if you put in a thousand dollars at the end of the year, you should have 72 000.. That's insane or don't even get me started of.

What's going on here with wonderland time 76 that, like that stuff, is absolutely nuts, so i put 0.5 on olympus now, let me be the guinea pig when something's too good to be true. It probably is - and i want to make a video explaining like kind of the math behind it and they have this whole like treasury thing and basically it's backed by all this fancy-schmancy stuff right now. Ohm is trading at 499, but it's back to 127, so you're risking 470 dollars, basically per one. But then, if you get that absurd, apy after a certain amount of time, you're actually carrying it like in a riskless manner, and then it's even different here, uh enter app on wonderland um with this type of apy, it's just absolutely nuts and there it's a weird Economic experiment of kind of based on game theory of people will do rational people will do what's best, not only for them, but the entire system which, when it comes to olympus dow in wonderland time, that strongly relates to kind of everyone staking and no one's screwing.

Over the other person, but once again we all know that the markets really are not that rational um. So, like i said, i'm very new to this. Thus far, i've put half an ethereum on olympus dow. What i'm planning on doing is putting one ethereum on both olympus, dow and wonderland time and i'll.

Keep you updated like every week or something i'll say: hey it is, or it isn't working out and then i can make a video explaining kind of like the math behind it, the reasoning and how to do it all but uh. What i'm asking of you is because i am clearly absurdly new to all of this. Let me know like for all of you. Is it? Is it fake? Is it a wrong pull like it? Just it sounds so absurdly good and i feel dumb because i feel like i'm missing something, because whenever it comes to these types of things, when you see those types of numbers, it just doesn't make sense and like what is the risk to it.
Like i watch some videos and, of course, when you find videos everyone's, like i made this much money, i made this much money like and like, of course, they're only kind of recounting positive experiences, but i'm curious if any of you listening right now have been able Have like known more about it like, have you been in it, have what have you done with it um? Is it real? Is it fake like how many, if you've heard of it, is it a complete scam? Is it not a scam? I i really don't know. Buddy boy i've been telling you about this for a month. Please dm me on twitter. I have a ton of info 100 accurate and i want to discuss all right.

Jeremy uh will do that literally can't be real, that's kind of what i was thinking, but jeremy jeremy, i'm curious, okay, jeremy, you've been in it for a month, can do you feel comfortable sharing with everyone like? Are you up? Are you down uh? I have no wonderland time i put half on olympus dow uh to my understanding. Wonderland time is not actually in a dow uh, it is controlled by a private group and they also haven't been audited. Yet i just want to say i love your morning briefings best news feed out there, no joke, keep it up. Shout out.

Occam's phaser, you sound better, i'm i'm almost there, i'm like 85, better uh, like i'm, i'm in the final lap in the final lap. Please take a look at ater. It is back in play. Ater 574 you're looking for this breakout, this previous support of support, turning into resistance, look for the breakout in the hold above 588 and then from there i'd be watching 6 65..

What else do we have, but if you're in atr? No it's coming back, it's looking good atr. We did that been here since january. Amc to the moon shout out so many things going to the moon, uh beauty of ohm and time is that apy percentage scales up when price goes down, so overall value jobs during a price drop. But your accumulation rate from rebases goes up interesting.

I'm in wonderland dow i put in 3.9 k. I am up 27k. They are a dow just not formed yet i've been in since 10 2.. You are up 27 000 holy.

That is nuts. So folks, as you can tell, i i'm new to the game. I'm new to this whole yield farming thing and for me i find it particularly interesting just because i wan na i like to know the math behind it like that type of stuff. I don't know why this is not updating the colors properly hello, hello, all right.

There we go ding, ding ding, the casino is open, that's insane! So you put in 4 000 and you're up 27. 000. That's ridiculous and you've been in it since october, so you've been in it for all of october, all of november and the third of december. So two and a third months and you're up 27k off of a 4k investment.
I don't know i figure for me i'll just do it i'll, be your guinea pig! Please please, please, i'm not telling people to just get into it, because it's one of these things that it's it sounds too good to be true, um. It very much feels like it sounds too good to be true. So please be careful. Let me be your guinea pig, don't risk your money, let me figure out, what's going on, let me be able to better, i guess explain it.

Let me do my research and share it with you and maybe that'll be a good starting point for you to kind of go off of, but i just when you see numbers like that, it's just i don't know you want it to be true, but i found That like when it comes to the world of money and finance, the things that you like want you're like. Oh no, no, it's so like all of a sudden you're putting your guard down and, like then, all of a sudden like subconsciously. You start to ignore like very serious potential like red flags, all right. How do i? Even so i don't jeremy, is getting me all amped up about it.

He's feeling good. I would seriously love to talk. I tried to tell you about it six weeks ago. There are so many scams, but wonderland is legendary because of the dev.

How did you get into those two um, so actually jeremy to be fair, has very much been telling me about wonderland time for weeks now, and on top of that um last night, i've heard a little bit about olympus. Now ever since i started looking into constitution dow, so that's where it first came on it and then last night by the luck of the algorithm, i was served a video about olympus, dow on youtube, and then i watch it and then i very quickly went down The rabbit hole of like what the hell is going on, it happened rapidly rapidly rapidly. Actually, what can i do here uh? So i did like i said my entire goal. Coinbase and i could do this live with all of you.

My entire goal is to put one ethereum on olympus dow one ethereum on wonderland time and we'll go from there and we'll figure it out if it's a freaking scam or not. But how do i do this all right send slash receive? I need to send said: ethereum send ethereum to myself all right, we're sending that ethereum and let's just hope that i did it properly all right. So i think it's the network fee. Of course it's always so expensive.

So now, oh, i need this two-step verification. Ah shucks, ah shucks: let's do it i'll, be the guinea pig all right cool, so what i'm doing is sending to ethereum uh, just because of gas fees and stuff. I needed a little bit more because yes, i've already done 0.5 on wonderland, so i just need a little bit extra to pay those gas fees which is just absurd and absurdly frustrating so anywho. I have 0.5 on wonderland, so i'll do another 0.5.
So i need to get it over to ohm, which i think i could do through like pancake swap or sushi swap or some crap like that and then on wonderland. He actually it's something with avalanche. I know it's on the avalanche network and i need to figure out what the hell is going on. There wrap your memo, so each rebase isn't taxed see, and this is the things i need to learn.

What does that? Even i need to wrap my memo, so each rebase isn't taxed uh, please, research in permanent loss when yield farming. It's the greatest threat, the more people that get in the pool, the less apr it will go down. So that makes sense the more people doing this. As the cat's out of the bag, it will obviously go down, and that makes sense to me once you stake it, you can wrap it.

Whoa uh cow sounds like a scam to me um, it might be folks. I do not know that's what i'm trying to figure out. I'm doing it live with all of you to figure out like what the hell is or isn't happening, use metamask wallet in trader joe's trader joe's. I saw wait.

Where did i see that steak on trader joe, but wait wait i already staked it right here. I staked 4 ohm last night, half in ethereum. Do i need to do something beyond that steak? On trader joe, i i have no clue what that means whatsoever. I just apparently the roi on five days is six percent, an roi of five days of six percent.

Folks, that's the market, sometime that, like the entire stock market, if you're like oh yeah, i got like six percent this year. People are like: okay, that's like pretty reasonable and they're apparently saying it in five days. That's what i'm saying my my red flags. My flags are going through the roof and i want to figure it out i'll.

Do it all live i'll? Let you know uh jeremy. Please dm me um: okay, yeah! Well, could you dm me just so you're at the top of my messages, trader joe's to change avax to time? Okay? So now i need to get avalanche, so i probably should have just straight up bought avalanche. Why did i buy ethereum? Now i just wasted my own money. Well, that's a bummer.

I should have yeah wrap tokens. Don't grow with rebase reduces taxable instances unwrapping multiplies it back by index value yeah. You need uh. Yes, you did everyone's like yeah.

You messed that one up i mean i guess what i could do is just buy avalanche and just save that ethereum for something else. So i don't have to keep paying those stupid gas fees. That's probably the best way to do it all right so is avalanche. On coinbase, so i'll, just straight up, buy avalanche.

I feel like that's the best way to handle this all right. I'm just gon na buy avalanche, buy avalanche, avalanche, avax, all right, buying avalanche 20 feet. That's not a bad deal all right! I just bought avalanche and i'll, save that other ethereum for something else. Okay done done done done done.
We did it make sure to add the avalanche network to your metamask. So i need to add the network. Uh network. Add a network.

Add a network. Add a network name, i don't know the freaking name man. I am wildly out of my depth, we'll figure it out, though we'll figure it out all right, amc, just below 30 right now or at 30. uh, that's amc and then gme is at 173.

Would love to see this recapture 175. um? This is a kind of that classic thing we've been seeing where there's like weird volatility in whiplash for the first 10, 20 30 minutes, and then things start to trend. So, let's see, if that's what we have of like just 10 minutes of like blah and now finally i mean i see the spy is looking good over here. I'm currently getting beat up on nvidia, but nvidia i mean at first this morning it was looking actually pretty solid.

It got up to 323.. We have a pattern of a higher low right here, starting at 10 a.m. I will be able to show you any of the unusual whale alerts. So, let's see, if there's like any interesting trades, there use metamask in trader joe's jeremy, just wait until we talk.

Okay, we'll do whoa wait. Jeremy, are you in the discord still uh, because i feel like this is something you could just share with the entire discord and like we could all we could all learn from professor jeremy if avax is on voyager, why are you not buying it? There just wondering um, because it's very easy for me to just go between coinbase and metamask like super easily, i'm literally waiting on my insurance money from totaling my car to buy these juicy dips who needs a car dan. I hope you're, all right man. What are my thoughts, what are your thoughts about lucid, lucid um, i'm bullish on it right now we're seeing a little bit of weakness, how's tesla doing today, so lucid's down five percent tesla is actually down one percent, so it seems like the ev sector is having A little bit of a rough morning, but once again we're only 12 minutes into the day, so lucid has support at forty dollars.

That's clear support. I'd be watching that and you're looking for a breakout above 44 45 right in here medium to long term. I'm definitely bullish on lucid, um, definitely bullish on lucid. I i don't see why i don't see a good argument to not be um, just everything that i'm reading and internalizing about the world of evie.

Is it it's growing right now and it's big, but it's kind of that concept of we haven't seen anything yet like, i think it just gets bigger and bigger and bigger uh. The queues are looking good, which should be should bode well for this nvidia bet. So i want the cues to keep looking spicy uh, so basically we the spy in the queues. Look how similar these are.

They these things are stupidly similar this morning, the spy over here, the queues over here um. So it seems like tech and the overall market are kind of in lockstep today. How do we have the russell 2000 russell 2000 differently, but all three of these are showing strength, so we saw a little bit of like, i guess - concern right out of the gate, but if you're gon na bring up, i don't know the macd you're, seeing some Of this stuff start to cross over, so the momentum at first undeniable, the first 10 minutes. Clearly the momentum was bearish, but things are starting to turn.
So, let's see if it can actually hold or let's see if the bears actually have the upper hand, you got to wait, you got to be patient, people are being indecisive political concerns, both international and domestic. You have, it really does feel as if the unicorn concerns are finally subsiding yeah evergrand. So that was kind of a discussion yesterday. But evergreen is pretty much like officially defaulting and kind of like done.

Violet burr, hey matt, i'm hungover and going through a messy breakup but i'll be damned. If i'm going to miss your streams, stay a-fish, and can i get an oh bro i'll, give you a better one because you're having a hard day? Oh brother, oh brother, here they come uh. I'm sorry you're going through that. I hope i hope it goes expediently.

I hope i hope, as this one door closes. I hope an amazing, beautiful, glass diamond crystal door opens for you check out m31 andromeda v2 launched by babycakestev did 22 700x in three days on bsc already a deal with tommy chong, six, nine and more this week. Man there's so many just like crazy things. Andromeda andromeda v2 i'll check that out wrote it down.

Is this a blackrock fallout, especially when they own most amc uh? No, i don't think so. Uh right now, amc has been kind of just whatever that movement is that we're seeing in the spy and the russell we're seeing that to think that, i think there's too many people who are specifically watching amc and gme, not realizing that there's like an entire market. That's going to have influence on that particular equity pay attention to the spy pay attention to the russell 2000, specifically for amc, and i think it's good to pay attention to the the queues and also the dow. You got to know what the overall market is doing morning mark your dad said your girlfriend should change your oil after your trips to new york can meme buying impact amc price or the squeeze could meme by? Is that an etf, a meme etf, it yeah? It could um, especially because, like this etf, if amc has exposure in this, what is this thing listed? Um etfs have to own the underlying asset, so them buying that's just more demand.

Now it comes really to the question like well. How much buying are they actually going to do? That's a very important question. Obviously, the more buying the better uh t money is just spamming. Avalanche, obviously, he's very excited about avalanche.

I myself just got some, but i don't know how long i'll have it when in reality, i'm just trying to figure out this time. Wonderland thing, uh, how's, nvidia, doing all right. Nvidia you got ta. Do your thing, uh nvidia! I probably need it at this point.
3, 20 - five - maybe six 325 326 it'd, probably be like where i uh get the percentage gains that i want on it and i think it's possible. I'm not um. I'm not sweating this at all whatsoever. The spy just kind of flat the q's a little bit stronger, but coming down a bit iwm looking good.

This should do very well for amc. Iwm looks like it wants to test 225 matic all-time high whoa, really manic manic, manic, uh; no, no! No! The all-time high is 280 80. It's a second all-time high or whatever, but yeah. It's 282 283 is the all-time high on matic matic breaking out and pushing matic screen um, i forget, do i have matic on voyager? Do i have matic on? I might have matic on voyager or i have it on coinbase.

If you want any of these, that we're talking about check out voyager uh, it's in the description or here i can put it above my head. There voyager download the app put in that code matt21 as soon as you, trade, 100 of any crypto. You get an extra 25 of bitcoin. Sometimes it takes a little bit to be credited to your account, but give it time it'll get there.

Um people are talking about paypal, paypal was another one that was on our watch list of this right here. I said this was a buy signal. Uh, that's why we have this marked out. This is looking very good, we're breaking from this resistance at 193.

194.. I think this is an easy ride up to 200 and then from there and be watching 216 and then watching 226.. Once again, you have bullish divergence in the rsi. This is not a quick play.

I would give yourself maybe a couple weeks, but i think you could be riding this up to 200 216 226 um, the the technicals like you're, buying it off of you're buying it during weakness when other people were freaking out. Your supports close by you could risk 180. You could risk 171 174. Those are all your very legitimate risk points.

We have technicals that are favoring. This 200 is not only a previous support which will now act as resistance key psychological level. Then i'm watching 216. Then 226 there's money to be made in paypal.

As of now i don't have any paypal just so. Everyone is well aware um. My current play is very much in nvidia, but we'll see i don't know, maybe if i get out of this nvidia play and paypal's still looking good, maybe i'll play that or maybe depending on what's going on in the options market or something um. I have literally no paypal.

I have no skin in the game on that. It just looks like opportunity: hey matt, took some time off and got married, but back now and ready to make some money with you keep up all the good work. My dude shout out and congratulations on your wedding. I hope you're still bullish on draftkings dip buying was fun.
Let's keep moving up. I am draftkings and pen national gaming uh, i think, are dirt cheap right now, so here's draftkings um extremely oversold bouncing back, and i think the same could be said about penn right here. Uh, i'm bullish on both of them. I think similar to paypal, you're buying on extreme weakness.

Um, i'm a fan of it. Look at this russell is breaking out uh. We got above that 225 in amc. Look at look at the similarities in these two.

Whenever you hear someone saying that, like we need the market to crash for a moas on amc or gme, please understand that these are directly related and not inversely related. Yes, people will point out beta like a negative beta value, but that's because they don't understand what beta is actually telling them beta the, and this is a very easy thing to kind of get confused about beta. First of all, you have to know the time frame. If you look at the one year time frame on amc, it's going to have a negative beta, but you're also supposed to apply beta to an equity or whatever you want to apply to that has normally distributed price movement.

I don't think amc does, because it's been one of the craziest, it's been amc's craziest stockier ever beta is just not a good measurement for amc whatsoever. Sometimes you see correlations that are just not a good data set to be using. You have to know at a certain point of like when things are or aren't applicable. I strongly believe that amc is much more directly related than inversely related to the overall market and specifically the russell 2000, all right, so amc iwm having a good day, nvidia kind of flat at 3, 20.

i'll need to be waiting on that. How is apple? Looking apple's having a good day, what else is going the spy, the qs? What else is moving today? We have a little bit of matic, crushing it got all the way up to 258 hood sold off crappy company cues cues. I really think we're looking at the 400. It hit 398 77.

So what a dollar 23 left to go on that one. I think it's very much going there apple's looking strong all right. We have that all right nvidia needs to get back above. 322..

322.. That's what i'm watching on nvidia? What else do we have prague uh? Let's check out prague very quickly, oh prague, having a perfect upward channel type of a day, let's see if it can get above three dollars all right, cool cool amd calls are printing. How is amd doing amd amd is up 0.8 percent 146. uh kind of some nice bounce action.

It had a nice rip took a breather, so your risk is super well defined. Super well defined. 134. Easy easy risk point right now: it's at some resistance trying to get out i'd be watching 152.

After this, if it keeps going, there is apple apple's, just crushing the day. I see a lot of people asking about lucid. What kind of a day is lucid having? I mean you want to take it above 42: 30: rejection, rejection, rejection, so you're getting a bit of a w, a bit of a higher low, a wedge a cup and handle whatever you want to call it. But you want this to get above 40 to 30..
The q's just took a hit, look at that the q's take a hit, and then you see obviously major tech related stocks, also having a bit of a problem. Cues apple kind of held up actually what's going on in the queues right now. So i know in about six minutes: we have the uh jolts report, the jobs uh, so we do have uh, not the normal, like jobless claims, but a different jobs report coming out in about five minutes now. So i wonder if people are kind of positioning themselves, for that could be a little bit of volatility going into it.

Uh don't be a beta sigma. Male grindstone, buy high, sell low right, also wins the baby coming out shout out tim trey uh. Can you look at xela more than happy to xcla a gap up going red? I am not a fan of that, so it is oversold so you're buying like there is a potential just for a classic reversion right there, but also this thing, all it's done since july is sell-off, like the trend is like you're trying to catch a falling knife Right now on xcla be careful with it. Your risk is either 105 or 118..

It's currently trading at 130.. I think there there is some opportunity to make money, but i think there's better opportunities in the market right now. Posture check. Thank you for that.

That's very kind of you: how is gm doing 1. 72. 44. Let's hope it can hold 172.

uh jimmy, like i was saying this morning to me. It really doesn't matter what gme does today we're just waiting for the earnings this afternoon. It really does not matter at all what jamie does today i care about what is or isn't said at the earnings. Uh, hey man.

Can you drop an ion square, sq square, potentially kind of? Has that, like that paypal, vibe of where it's been getting beaten down? The rsi is extremely low, so if you're, okay, with risking 18 per share, which is about 10 percent, it's almost exactly 10. Your risk is right here. It's this low uh. You are buying it on some weakness.

It is at support. Uh. There is another important support at 151. I don't know if it'll get there in the short term, though just because it's already so extremely oversold, so you might have some good reversion opportunity just be careful, because before it goes up, it might want to gap.

Fill the 180, i don't see a clear trend on it right now. All right amc trying to make this base at 30. 60. Remember.

31.25 is a very important level. Really it's like i don't know, we'll call it 315 to 3130. It's like that region on amc that would be a nice technical breakout. We want amc above it, we want it to sit above it.

We want to trade considerable volume, above it 3115 to 3130. That region, as you can see, we kind of tapped it this morning, around 31 22 - that was at 9 51.. I'm kind of curious. If we're about to see a little bit of a a jolt in the market uh, we have what a minute 45 until that one report comes out.
Okay, yeah, let me change the screen up, but if you want crypto check it out voyager, i like it. If you want coinbase the link's in the description, you just download the app for voyager you put in that code matt21 or you can click on that coinbase thing, but uh they're both early in the description. But let me go to the rocket i like the rocket. All right: where are we at minute 30.? Let's get some tea going.

Folks, it's going to be a day going to be a day. What else do we have all right? I think i'm up to date there, let's see some good moves today. Good luck, greenwood114 shout out baseline truth appreciate the test. Mat good luck, yeah i'll! Let you know how it all goes.

Yoj bob subscribing with prime shout out to yoj bob. I appreciate that i appreciate you. Let's get a little bit of background music going on a little bit of just a little bit of vibes. Is that a i feel like that's? A good volume should be a solid volume all right.

Let's do yes, someone just brought up a good point, just quick short interest check on amc and gme uh amc 19.11 and gme 12.54 they've already borrowed 100, 000 against gme and 600 000 against amc. Actually, this was the pre-market borrowing. So not too much of a change quite yet the first 30 minutes into the day, all right. That report just came out the jolts report and, as you can see, it was a positive result.

Jolt's just coming out at 10 a.m. People buying up that news uh! It's kind of actually fascinating how that stuff works. So there are these algorithms uh that are have pretty impressive text, processing capabilities and as soon as these reports drop, they know what they're looking for that's coded in. They take it and within like portions of a second.

They know if the report is good or not. Obviously this one was good and that's why these algorithms are buying it up right now. Once again i mean it's probably dropping on cnbc cnbc uh jolts is there, it just came out cnbc, let's see if they have it. No pfizer will resubmit full data it's out somewhere because it comes out at 10, so people are buying up.

Maybe it's on. Maybe later don't tell me to verify uh. What do we have? I bet zero hedge has probably tweeted it out. Nope nope, nope nope did walter bloomberg walter bloomberg.

What did we get here? Yes, u.s jobs, opening uh 11 million in october labor department. I believe the expectation was like around 10 something so it beat uh. I believe that was the number that i was reading. So yes, the jolts report came out and right when it came out.

Obviously the market liked it. We saw that enthusiasm right at the 10 minute mark or the 10 a.m hour. Mark hey man, amc shares outstanding is 513 million. The float is 512 according to yahoo.
Is that a good thing that just tells you so outstanding shares is the amount of shares in existence? The free float is what you and i can trade it's, what the public can trade and then the other portion of that is closely held. That's like the terminology, so free float, plus closely held equals. The outstanding shares closely held it's going to differ from data source to data source, but it's basically it's basically just shares that we people, whoever the data provider, is thinks that they're not going to be trading at all, so whether it's insiders that have vesting schedules - pension Funds who move very slowly, um or whatever it is it just shares that, like we're kind of confident are not going to be traded um. So what this is telling you, the fact that the free float is so close to the outstanding that tells you that there's not many closely held shares.

Most shares are like being traded by the public is hood going to zero uh? I don't know if it'll go to zero, like i'm sure someone like would buy it out before that. But it's it's not a good situation. What are my thoughts on dwack um? It's just a bunch of hype right now you can make money on hype um. Whenever this happened, i was calling for the gap bill to 52 and ended up coming all the way down to 36..

With this, though, right now they they haven't rolled out with the beta. They like it's a shell company of a shell company. It's an idea. It's a 1.8 billion dollar idea.

Um, they don't have users, they don't have a product uh. They don't have revenue, they don't have advertisers if they pull it off. That might be a different story, but as of now it very much is an idea. They they're hiring people they're trying to get things like put together um.

So that's reasonable. That's definitely reasonable. It's just it's an idea right now, there's nothing to even dive into. We can't dive into its users growth to its revenue, growth to its advertisements, uh, because none of that exists it's currently best described as a shell company around another shell company.

Does that mean that's? How it's always going to be absolutely not! I mean social media platforms, they all have to start somewhere and it could end up becoming a very, very popular one. I don't know we have to wait. What about prague? Someone said what about prague, i'm sitting on prague. It's currently trading at 271., we see a little bit of an iffy market right now, trying to indecisive the market tried to really get going this morning.

You see this in iwm. You see this in spy, you're gon na see it the same in the queues um, but it things got smacked pretty quickly and uh. I think there was a certain amount of over exuberance and now, let's just see if we can make a higher low and decide where we're gon na go. But i mean the queues are going perfectly flat: the russell's coming down a little bit, and then you have the spy that is also pretty much going flat.
So the spine, the cues, are looking very, very similar today. All right is it. It is past 10. Let's see what kind of alerts we have today is december, 8th, no updates, no, no alerts for you quite yet on unusual whales, but let's just check out tiblio uh.

These are low numbers. I want to see more. I want to see bigger numbers bigger more. Ah, those are small too, so both the the calls and the puts um.

I want to see higher numbers bigger, bets, bigger money, all right. Let's get some green. Let's get some enthusiasm. Let's get some momentum there we go.

There's our green uh matt cardano heading back to 105. In your opinion, i have no idea where it's going is i'll. Have my cardano i'm holding on to it, i'm gon na just been diamond handing it. I cardano's been upsetting me.

I think it just takes time.

9 thoughts on “ep 171 onward upward stocks crypto dumb money w/ matt”
  1. Avataaar/Circle Created with python_avatars Hola! James Medina says:

    I'm new to this whole cryptocurrency and forex trading and I have been making few loses, but recently I see a lot of people earning from it, can someone please give me a new strategy or at least tell me what I'm doing wrong?

  2. Avataaar/Circle Created with python_avatars Grant Austin says:

    Any comments on America's largest marijuana retailer and grower – Trulieve, now at a low price?

  3. Avataaar/Circle Created with python_avatars Don’tForgetToLike says:

    Hi maaaaaattt

  4. Avataaar/Circle Created with python_avatars Leroy Brown says:

    oh yeahhhhhhh

  5. Avataaar/Circle Created with python_avatars Ava! says:

    But we want to be up 50,000%, don’t we?

  6. Avataaar/Circle Created with python_avatars Alien S. says:

    The fake Matt Kohrs is always lurking… AMC to the Moon!!!

  7. Avataaar/Circle Created with python_avatars Pablo Mendez says:

    Sup. It will pump but will also dip. If u sell at a loss …. sorry u suck. (

  8. Avataaar/Circle Created with python_avatars Ork4life says:

    Buy shib anymore?

  9. Avataaar/Circle Created with python_avatars mordz says:

    Cashed out couldn’t handle it any more

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