Uh, so is hello, hello, hello, hello that song? Why did i pick it? Did the instrumentals speak to me not really, but i enjoyed it very legitimately. The reason i picked that song was because the name of it is chunky nuts, and whenever you see a song with such a strong title, you got ta, give it a listen. You got ta, give it a listener too. So, yes, that was the song chunky.

Nuts - and i think it's i think it really fits with today. I think it really really fits with what uh is truly going on today so power hour. We're kicking off we're two minutes into power hour. I would like to point out that uh we were speaking about the signal from in was that unusual wales or where was it from, but we were talking about the unusual whales.

Honestly, it may not have even been through it. It might have actually just been because of what we were seeing in the chart on nvidia, and i do remember kind of like hey things are bouncing the text looking strong and the market's looking strong. The nvidia call so early early this morning when we were talking about it, i myself got in at seven dollars: uh, that's how much the option was worth and to give you the details of that, i'm just looking it up right now. I have to look it up because i already got out because i told you i was locking in my gains, so the expiration date was not this friday, but next friday december 17th.

I was looking at the 325s and when i announced it publicly, you guys saw it live um. I got in at seven dollars right now, it's trading at 8.50. At one point, it was above nine um. That's over ten percent.

I've already locked that trade in uh. If you haven't already, i, i guess, that's okay, it's just! Please have a training plan. I was kind of trying to express to people that maybe when you're up ten percent, which was a nice trade, i mean seven to eight dollars - is more than ten percent. I locked it in at a full dollar, which is what about 14 a little over 14.

That's a nice trade! It! It doesn't take time for your long for your account to double if you're continually hitting 10 trades, but anyway, with all of that in the recent weakness in nvidia, i re-entered that trade i'm just trying to be as public as i possibly can um with what i Am in doing i like to share my winners with you, i like to share my losers with you. I am in this nvidia trade again this time. I ratcheted it up a little bit, i'm now looking at the enveta nvidia 330s, also for december 17th. So i gave myself a week and a half the premium that i paid per one was what was it: seven dollars and 11 cents and it's currently trading at 660..

Once again, i paid 7.11 cents per one, and it's currently trading at 660., once again similar to this morning, don't get greedy like you're, not gon na have every trade be some crazy. 50. 100. 150.

000 trade. At a certain point, you got to be a little bit realistic with it um and with this one, my reasoning behind it really hasn't changed. Much probably shouldn't have been so chasy. I just strongly feel it's going to trace 324.

now. What i like particularly about this play a little bit more risk, but for all those people who are potentially battling with pattern day training, this could be an opportunity for an overnight swing where you don't have to burn one of your day trades. I think that's that's! Like something that's going to be nice because i know a lot of people listening right now, there's a good chance that your account is less than 25 000. So as soon as you do your three day trades in a week, you're kind of stuck and you're like all right.

Well, this trade isn't like really that helpful for me, so i was actually just speaking with like uh a team member, and i was trying to figure out, like kind of a methodology that we could use and track. That involves exclusively swing trades, where you don't have to worry about burning your day, trades, so that's kind of cooking. In the back end, i want to kind of do some back testing get some metrics and study up on some numbers for you uh, but that's something of interest and actually in a little bit we're going to be going over a new indicator today. I really like doing this teaching part in the afternoons of where we go over some specific stuff, and today we will be speaking about the bollinger bands, we'll be doing that in a couple minutes of just the math behind the bollinger bands, how to use it, what It means what it doesn't mean and some potential training strategies around it.

It's pros: it's cons where the situations where it can be utilized other situations where you might not want to be using it as much, but once again we will be going over the bollinger bands in a little bit, but before we get into that, i just want To give you update on nvidia, i did close that trade a little bit over 10 and then i re-entered it as of currently i'm down on it. I got in at 7-eleven currently trading at 660.. I have no issue swinging this overnight. I would actually prefer to swing it overnight, and an ideal situation to me would be to sell it into morning.

Volatility. Remember: options are priced by three things: the price of the underlying asset, the time until expiration and then finally, the an important one that people like. Don't really forget seem to forget is the volatility of the asset. A lot of people are just saying.

Well, hang on so, for example, is that 321.50 right now it was previously at 321, but the fact that it's at that same price later and the volatility has gone down a little bit - means that options contracts are even worse, they're worth less prior to the first Time we were at 321, so remember price of the underlying asset time until expiration and the volatility of the underlying asset. All three of those are incredibly important when pricing uh an options contract incredibly important, and with that, that's why? I think that there's some sort of statistical edge of the market opening, because there's more volatility at market open and then there's also volatility. Typically, at market close, so in higher volatility, environments, you're, naturally going to see a little bit of juicing in what's referred to as iv implied volatility and that's incredibly important when it comes to anything about like the world of options. Just so everyone knows, but before i go on too much of a tangent, let's give a quick recap of everything.

That's happening so right now, the s p 500 is having a great day. I love that it closed its gap early this morning and then we have a nice base and we're pushing higher and higher i'm watching 470 and some change uh. We are very, very close to an actual all-time high about what five dollars away a little over five dollars away. So looking good there, the queue is looking strong, i'm still calling out 400.

Yes, there's a gap to 387.53. Eventually, this bottom, like this downward gap, will get filled, but right now, after the sell-off it looks like we are getting some bullish momentum. My next target on the qs is the key psychological level of 400 flat. This will be highly impactful for the tech stocks such as apple such as nvidia, the russell 2000 been selling off ever since the all-time high on november 8th of 244 and some change sold off, sold off, sold off came down here consolidated around the support of 215 216, another similar we have a gap up once again, like the qs.

I do think this gap will eventually get filled at 220 70, but for right now i would love to see the different gap fill all the way up to 228.50. That is my target for the russell, so that's the spies, the qs and the russell in terms of the daily chart for amc. We are looking very strong, a close above 30 125, especially on some volume. Right now, the volume is slightly above average.

It's at 41 million the 10 day average. Obviously over the past 10 training days is 40 million, so we're above average, but we still have about 50 minutes to go so maybe maybe we'll be pushing um. But right now i like this breakout. It's sold off consolidated and now we're pushing would love to see it come back up to the 35 region.

Asap the q's or excuse me, gme can't stop, won't stop gamestop bouncing off the support at 167. Look how many red days it ever had since november 23rd. Once we got into thanksgiving sold, sold so sold, hit support we're once again bouncing would like to see it get above 187 and then i'll be watching around 200 in terms of the ortex update. The estimated short interest on amc right now is 18.67 percent and see me is twelve percent.

We actually had the official or text uh twitter account tweet this out prior amc is currently up around four percent and short interest is the highest level. It's in almost two months once again, this is coming from or text itself, and that was in reference to amc and then a reference to gme gme is currently up five percent ahead of its q3 earnings tomorrow, wednesday november. 8Th, don't forget that that is a fundamental catalyst. You don't know what will or won't be said, and we could get some definite volatility out of that estimated shortage is currently around 12, so both amc and gme.

Clearly, the short interest is going higher and higher and higher, and we were kind of referring to this with the overall market that this is what's going on largest 10-day net selling in u.s equities. Since april of 2020, hedge funds continue to reduce net exposure through shorts. As in they're coming off their long exposure by increasing their short - and this has happened for 10 days in a row - that's absolutely crazy. So not only is this impactful to individual stocks such as amc and gme, but clearly we're seeing an impact on almost all equities.

The entire market, the shorts, are starting to load up and if they're wrong, you might see an overall market short squeeze um. Obviously, it's not like that s. P 500 is be short like shorted to some crazy 200 level, but just in general like if you see a short interest above two percent on the overall market, that's that's kind of crazy um. That stuff doesn't happen.

Often that's definitely a statistical anomaly. So if those shorts start to get burned, you might see an extra like two three percent pop in an extra two per or three percent pop in the overall market. That's a lot that is billions and billions of dollars. So sometimes we have to realize that these percentages understand what they're actually percentages of in the s p 500, we're talking over 50 trillion dollars.

That's a shit load of money. So when you see these bearish bets start to load up and when you see these bearish pets start to load up erroneously and they get it wrong, it's kind of a it's the recipe for some fireworks. It gets me excited. So that's your quick wrap-up of.

What's going on in the overall markets, two of our favorite moon stocks, let's check on some of our other ones right now, prague, we had a solid morning above three: three is a key psychological level. Couldn't hold it 272. So, let's hope that prague comes back to that tomorrow, lucid nice gap up going a little bit red, similar story, um with rivian right here gap up going red tesla is actually fighting back it gapped up went red almost closed the gap, but now it's hanging out At pretty much, it's open value a little bit of a scrub day on tesla, and i think people are a little bit confused. So we see the overall market going green, but then tesla just had its recall of some of the autopilot cameras and on top of that a couple days ago, they announced an sec investigation similar as lucid, so people a little bit worried about okay, what is or Isn't going on, but in general yesterday it did jump off of this support it bounced off of the support.

Around 950. we've already talked about nvidia robinhood hit an all-time low yesterday, showing a little bit of a relief in terms of crypto bitcoin, still hanging out above 50, 000 ethereum at 4, 300 solana, 194 avalanche 92., if you're in avalanche. Maybe this is being a little bit selfish of me. I would honestly love her to come back down to 80, so i could buy some.

I missed that i missed two opportunities. I was just like a little bit hesitant because everything was song off. I didn't know how to read it, but 80 is such a nice support level to play off of um? Maybe maybe we'll be gifted with that opportunity? Maybe we won't. As of now i have bitcoin ethereum solana, i don't have avalanche, but i have matic.

Maddox is still doing pretty well, it's at 236, showing quite a bit of strength, would love for matic to explode all the way up to three look for that breakout above 250. loopering strongly recapturing two dollars going up to 250 right now, showing a little bit of Heaviness kind of starting that arc pattern of, like almost like you, throw the ball up in the air starting to come back down right here. I want to see where it's going to build support. If we can continue this pattern of higher lows, i'm excited with loopering, though i want to throw it out there that don't forget, gamestop's earnings report is tomorrow.

If there's any some any development of them confirming. Yes, we are loot working with loopering. We already know they're building out an nft marketplace, but if they give us true confirmation there could be excitement in lrc itself. So don't be surprised if this thing, along with gamestop, expressed some volatility tomorrow, sheep currently trading at 37, i still hold mine, i'm holding on to it cardano a little bit of a bounce 130 up to 140.

If i'm being completely honest the price action recently with cardano, i found it be very, very upsetting i haven't sold any of it, i'm still diamond handing it uh. It's just. I guess i'm sharing my emotional state with you, but uh. I when i got into cardano.

I was mentally prepared to hold it for years and years and years and uh it coming down by a dollar is not going to dissuade me from that doge currently, trading at 18 cents, definitely taking quite a bit of a hit hex, also taking quite a bit Of a hit at 13 cents, all these things besides avalanche, i am in i'm holding - i refuse to sell nowhere even close to selling i'm happy with. What's going on and most of them other ones. I just need to express a little bit more patience, and particularly, i am eyeing up avalanche and i have to be fair. I've been studying ripple a little bit more.

I don't know how many of you are or aren't in ripple, but i think this is currently training at 82 cents, depending on how this lawsuit does or doesn't go for ripple. I think it is grossly grossly undervalued right now, maybe i'm being a little bit too optimistic for the lawsuit, maybe obviously that's a chance, but i think this is a crazy good value, but once again the two that i've been talking about, that i do not own Right now is avalanche and ripple. Those two are on my list of things that i'm highly interested in kind of picking up. Uh don't have them, but let's see how it plays out so crow.

I see someone asking about crow crow. I just missed the boat on, and someone said i missed it and you're you're spot on. I did miss it. I mean this huge explosion ever since this is crypto.coms um, but they kind of exploded with like signing the celebrities and famous people buying the naming rights to the staples center.

I feel like i just kind of missed out on it yeah. I probably should have thought about it more and got it at 50 cents um. I just miss it like, and that's. Okay, you're gon na miss opportunities.

I think if you're in this crypto.com talk about seo the fact that they just own crypto.com, that domain alone is so much value to the company, if you're in it, i think there's opportunity there. I personally don't have any uh. I just feel like i missed out and that that's part of the market you're not going to get everything. You don't have an infinite amount of time to study all fundamentals, to study all technicals and you don't have an infinite amount of capital to put into all these individual things at a certain point, for whatever reason you have to start to pick and choose of, like Okay, this one's for me this one's not for me um, i see potential in crow.

I just feel like i missed it and i feel like right now. As of december 7th, i still have opportunity to not get be like too late to the ship to be too late to the party on things such as avalanche and ripple uh. I can taste this amc breakup and adding 33 36 calls all afternoon it it's getting dangerous and when i say dangerous i mean dangerous to the most recent shorts. To me, everything about the current intraday setup on amc is a bullish one uh.

We have a pattern of higher lows, the same high at 3160. So what what is this telling you? Let's think about this psychologically, this chart? Let me get, let me start drawing oops all right so when we have a chart set up with this, like what are the? What does this tell you psychologically about the market participants involved in it? Well, the first thing you're going to notice is the same. High 3160, as in the sellers, whether they are shorting or whether they are locking in their long position, it doesn't matter, selling is selling they are holding strong at this level, but every single there there's not an infinite amount that could be sold at 3160. So, every time you hit it, it's soaking up more of that supply, so picture it as a brick wall and every time you hit that brick wall you're slowly taking down some of those bricks, you don't know how big said brick wall is, but every time you Hit it, you know it's getting smaller and smaller every time we get closer to it, you're soaking up that supply.

Now, on the bottom side, we see this pattern of higher lows and then, as it runs into the same wall on the upside. What does this tell us from a psychological standpoint? Well, one potential thing that you can glean from this is the fact that the buyers, the bulls, the apes, they're getting more aggressive every time it dips they're, buying it but they're buying it at a higher level, as in they're showing more and more aggression, they're, showing More and more confidence, so you have this wedge scenario where you have a pattern of higher lows: higher lows, as in buyers, are getting more aggressive and the same highs as in the bears. The sellers, they're they're, keeping the exact same position, but we know they don't have an infinite amount of stock to sell so you're. Getting it's almost like a weird siege war uh for, like, i guess, lack of a better term.

Once again, you can see this type of stuff on various time frames right now, i'm on the five minute on the intraday. Does it always have to play out this way that you get the breakout? Well, no, not necessarily uh it. There's gon na be no technical pattern, no technical indicator in the entire world that has 100 accuracy. That's just not how the stock market works.

There's too many unknown variables. There's too many variables straight up that you're ever going to have like something that is 100 percent accuracy, you're, always playing situations that there's some sort of edge for you. For example, if you are dealt if you're playing blackjack and you are dealt two tens if you're dealt whatever that is two tens or two face cards whatever it is, that's a very, very good hand. Does that mean you're gon na win every single hand? No because, obviously the dealer might be dealing themselves, blackjack that's a possibility, but most times most times, you're going to end up winning so with technical analysis, you're in the game of attempting to stack the deck in your favor and then making the appropriate bets when the Environment is right is probably the best way.

I can explain it so right now. You have it here psychologically, where the buyers are getting more and more aggressive. Yes, the bears are holding their ground, the sellers are holding their ground, but we are soaking up the supply, and this leads to other technical structures. For example, you've probably heard me talk about this all the time a cup and a handle here is the cup.

Here. Is the handle the higher low and now you're, consolidating still at 3160 you're, getting a little bit more volume, we're seeing that aggression and you're? Looking for that breakout, you could at a certain point, call it an inverse head and shoulders like. There are many technical patterns that are going to have overlapping names and they're, going to be seen in very, very similar situations, but no matter how you like dice it up, maybe not so much on the daily chart, but on the intraday chart. You could argue that amc is pretty bullish right now in terms of gamestop uh, bullish, bearish neutral, just not moving.

It's done a very good job of not going much anywhere. It is up five percent on the day, a five percent on a day. It's kind of hard to say doing nothing if i'm being fair and critiquing myself. Amc is up eight point.

Six percent gme is up five point. Three percent. Remember these days, um. When i see this negativity across the board uh, it seems to be so much more extreme.

For example, what i'm trying to articulate right now is when we're down 8.5, when we're down 5.2 percent. Everyone is freaking out, but then, when we're up that much people are acting as if, like that's how it should be, that's normal. We should be as excited folks. We are up 8.5 gme is up 5.2.

These stocks are in the green people are making money. Today. There's a very good chance that your daily p l is in the green, that's something that should be celebrated, especially with a week and a half of us getting our teeth kicked in by the entire market uh. We got a revel in these moments.

Uh it's just this is awesome. These are great gains, we're seeing what we want and it's just a dollar at a time. I think that's one of the healthiest ways to think about. It is a percent at a time, a dollar at a time.

It's a slow marathon of a fight, a form of a siege war. You got to take your victories where you can all right, maybe not yet so the cues i'm seeing a little bit of weakness right now. Nvidia is holding uh, like i said, i'm still in nvidia like for a quicker term play and then, of course, just diamond handling. Amc and jimmy cues seem to be taking a little bit of a breather right now, as we have about 30 minutes to go iwm.

It shot up and it's been flat all day, let's see if it can hold 225 and then the spy similar thing it shot up and it's been flat all day so morning, enthusiasm for sure and then since then, everything else has just been flat. The cues were a little bit more enthusiastic, all the way up, till 2 pm and since then similar thing, all of the three major indices are seem to be testing a level of support. So, let's see, if that will or won't hold, let me see what kind of alerts before i get into the unusual whales alert. I would just like a quick shout out to all of you uh if you could hit that like button, helps me out.

This helps me out the algorithm that type of engagement it it signals to whatever you want, whether you're on rumble uh, twitch or youtube just to promote it to more people uh. So, if you haven't already, i would greatly appreciate if you could take that half. Second, on your day, just to destroy that like button and also if you want to be a member of the moon gang, all you have to do is hit that red subscribe button liking, subscribing completely free and it's obviously the only type of help. I truly ask for anything above that is, is exactly that it's above and beyond.

Thank you so much hey, matt any ideas of what's going on with public. Today, i've been trying to buy the dip. Oh yes! So this is not a public issue. It's an aws issue: amazon web services outage causes issues for disney, plus netflix coinbase public.

The list goes on and on and on so aws is the best way. Is it's a cloud? It's where a lot of people are, i guess, storing their applications and it's what runs its application. So, when aws has issues a lot of things have issues um right here, disney plus netflix coinbase public. The list goes on and on and on aws is the provider for so many uh.

It's crazy. If you see the list of things that are down today, just because aws is down, your jaw will hit the floor. So yes, public is using servers like the backbone. Is going to be from aws so when aws goes down public among many other things is also going to have servers server issues um when i was working in the tech sector uh at some banks.

This is we. We had this stuff all the time, because aws was our provider. So if aws went down like there were certain days that aws would go down and github would go down and we would just be sent home because there was like nothing else to do. Uh like because literally you just couldn't, do work, so that's the story with amazon with aws with disney plus netflix coinbase public.

The list is very, it's a landy. It's a litany for sure all right. We went over that went over that robin hood all-time low. Yesterday, the spy showing some strength uh, let's see, i'm very curious if the overall indices are gon na all catch themselves and push for the remainder 30 minutes of power hour watch some youtube videos on nicola big announcement soon inside info great long-term investment.

In my honest opinion, not financial advice, so nicola has some interesting baggage um because of its previous ceo. I'm fully aware that their previous ceo, who could best be described as a lying scumbag, i would say, is accurate. Not a lawyer he's out of the company, which is good. You got ta get those cancerous parts out, but people are always going to remember nicola, for that.

So is that fair? No in no way is that fair. Obviously, it's not fair, because the guy's gone uh milton trevor milton is his name, and if you don't know about the nicholas story, basically, they just completely lied to everyone. They basically said that they had a working ev based truck and all they really did was drag a truck up, a hill put it in neutral. Let it go down the hill and they filmed it to make people like with the assumption they.

Let people assume that they had a working model and they really didn't so since then that guy he's gone and i get it like. Okay, we can't judge it because the guy's out of the company - but so many people still remember that and i think it leaves a bad taste in people's mouth. So that's kind of tough like you have to. Is it fair? No, it's absolutely not fair, but it's also reality and when people hear nicola they hear they just automatically.

Think of like oh, that guy who lied in the past, which that is not the current leadership team. It's not the board. It's not currently what the company represents, but people still think about that. They still remember that.

So when it comes to those types of situations like i said, i want to reiterate it now for the umpteenth time. Is it fair? No, but is it just how human brains are wired? Absolutely yes, so sometimes, unless they're doing something that is jaw-droppingly impressive, sometimes you have to just look at maybe other plays that don't carry so much baggage. I think something similar to this is imagine if robin hood got rid of vlad tennis. Let's imagine if robin hood got rid of its entire leadership team that was present uh when they removed the buy button.

People would still talk shit on robin hood. It's not like all of a sudden them getting rid of everyone. Would people would be like okay, i'm cool to go back on with robin hood now. Maybe some people would but there would still be people who are like? No, i know what robin hood did in the past and i refuse to support them.

So it's just more of like social pr issues completely off message, but the lakers celtics games tonight is that a big game, lots of celebs important for me to know thanks usb fans um, i will ask the entire chat that i am not the most knowledgeable about Nba is once again this is for. Chris is the lakers celtics game this evening, an abnormally important game uh we have a moon gang member that would love to know what are your thoughts on m-a-r-m-r-k, m-r-k, uh, so kind of in the battle against coven? They are coming out with an anti-viral pill. It's that support. I mean if you're just looking for a risk to reward setup, you could risk 70 bucks.

You could risk two bucks and maybe then just play the gap. Film uh, i'm not by any means the most knowledgeable uh. Historically, it's a rivalry game. Yes, let's go lakers fade the lakers, not really, but it's a historic rivalry.

Historically, yes, but both late lakers and trash lakers and celtics are trashed this year. So it sounds like in the past that could be a big deal, but not this year, because i it doesn't sound like either of the teams are performing that. Well, if that's fair, sorry, if you're a fan of either of those and i'm getting this wrong. My apologies um, but it sounds like in the past.

It's been a huge rivalry, but not this year because i guess like it sounds like neither of the teams are performing that well, but overall with merck, i am not a pharmaceutical expert uh. I do from a technical perspective. I, like the risk to reward setup. You could risk three bucks, two bucks, five bucks for the chance of riding this all the way back up for ten dollars.

That's a good risk reward setup. The stock overall has done a great job of going absolutely nowhere essentially range bound you're buying it at the bottom of the range looking for another bounce, like it's done successfully pretty much ever since november of 18.. So it's not a nice trending stock, but maybe you could just play the range back up to 82. I think there's better opportunity, but i think there's still opportunity there amc dropping fast.

I mean it's dropped from 3120 to 30 60.. I think that's a little hyperbolic. I mean in 80 cent movement on amc, that's kind of par for the course thoughts on so m check out the rsi low float, so low floats aren't my favorite type of plays, and also i mean this one just looks bad like i. I don't mean to like shit on it if you're in it, but all this stock has ever done is make lower highs like ever since june of 2019.

All this stock has successfully done. Is trend downward, lower highs, lower lows, i just don't see buyers on it. It is extremely oversold, so maybe if you're in it, for a quick reversion play, but i just this is not it's a downward trending stock. So maybe maybe it's too extreme right now and maybe you can shave off a couple percentage points write it up to 157.

Maybe ride it up to 180.. I don't know much about it. They did a stock split, a 10 to 1 socklit. It's this seems like a mess.

It really does um. I don't mean to be like too negative about it, but at a certain point i have to be kind of honest of when i've seen similar plays like that in the past, and for years, like literally for two years, when all it's done is trend downward. Like that you're trying to catch a falling knife uh yesterday, i asked what options you like right now. You saw option calls for pinterest and some others.

Where did you see that uh made money and want some more so pinterest? I believe that one was from unusual whales: nvidia was, i nvidia is a stock that i just tracked daily, so the nvidia one was just from what i saw on the chart. Today. Pinterest came from unusual whales uh and there was another one that we got off of tiblio yesterday. I'm trying to think of what the ticker was total open interest.

So there is some abnormal things going on with mrvl. Let me see what's going on here. Oh, that kind of explains it a little late to the party on mrvl, but if you're in this congrats, because you are crushing it, the semiconductor industry is just having a great run right now. Uh today, particularly semiconductors, are doing super super well um.

What is this one that just came out? This was another one that just fired with unusual whales: net net um cloud flare, i'm actually a long-term supporter of cloudflare. I've been watching this trendline, it came down to it, so it was riding it forever and then it broke down fake out breakdown, exploded upward, but now we're potentially playing the bounce off of it. Cloudflare cyber security, if you're, okay, with risking 144, which is about 12 away, you could ride this puppy all the way back up to hopefully 180. If it gets very bullish, you can then watch what is this 205 and then, obviously, you have the all-time high of 221 risk reward.

Right here is very, very nice. Let me check out the rsi. I wish the rsi were a little bit more oversold. I think.

There's opportunity here now: does that mean go play weekly lottos on any t on cloudflare? No, the minimum i would look at is like the 160s, the 162s for december 17th. I think there's opportunity there. This might be a good long-term investment option. You waited for how much of a decrease was this.

You waited for a 32 correction um, so you have unusual whales, firing off a december 10th, so they're actually calling out the weeklies for 165.. I would give yourself december 17th - i'm not going to take this play because i'm a little tied up in nvidia right now, but i think this is a solid play. I know a little bit more about this, like long-term fundamentals, just from my background in technology and studying this one, but between what we're seeing in the options market and what we're seeing in the chart. It's a little bit of trying to catch a falling knife.

But your risk is well defined at either 150 or 144 trading at 156. So if it goes awry and the the play is wrong, your risk is not that big. So you could go, there's various ways you can do it. You could do a call debit spread.

You can buy calls straight up, you could sell, puts you could do a put credit spread or you could just buy stock there's various ways you could do it to capitalize on it and they all have varying amounts of risk and reward. I for that one. I would be biased to two types of plays on this one and i don't i don't own any net right now and i will not be buying any today. Just so everyone knows.

So this is me having no position. I would be biased to the one 60. I'm trying to, i would either be biased to the 160s or the 170s for december 17th, and i would try to lock in a 10 percent gain uh the 160s 170s. That's your risk, tolerance of like okay.

How crazy bullish do you want to be? I would be risking 150 or 144.. I like that or the other way i would do it is. If you know about cloudflare, this could just be a good long-term investment opportunity at a 30 retraction uh. So those are one of two ways that you can play it.

I think those would both make money once again, i'm not playing it i'm in nvidia. This is the second time i'm in nvidia today uh the nvidia. I called it out. I think i'm in the 330s for december 17th remember whenever it comes to it, unless you are positive, that you're day trading, unless you are like 100 sure i am getting in today and i'm getting out today, i think it's statistically disadvantageous to play weeklies.

I think there's too many people who are bragging about these lotto plays on social media and they act like they're super easy to pull off but know those are few and far between hey matt. Can you say hi to my son enzo and my daughter summer shout out to enzo and summer? I hope in it sounds like we have some space apes in training. I hope you're having a great day, yep truck on hill, released a break and there you have it gravity vehicle, aka nicola, not sure how they come. Back from that debacle, shout out mike what about pen, uh, pen, pen, pen uh at these prices, i just want everyone to know i actually added pen to my long term portfolio.

I, like the support. I like the support, i think it's getting beaten down. I think it has a little bit less risk than draftkings, because its portfolio doesn't just include online gambling, which it gets through equity ownership in barcelona sports. But beyond that it also has physical casinos.

So i think it's a little bit ver has less risk associated with it. I added pen at these levels to my long-term investment uh more than happy to hold it out for years and ride this up to a new all-time high. I just don't think gambling's gon na go anywhere, matic uh, i'm in manic. I love manic.

We were talking about matic uh, i included matic in my cryptos to watch uh yesterday. I don't know how many of you may or may have not have seen that, but i made a like a kryptos to watch like this week. Type of a video and matic was one of them along with uh loopering. I found particularly interesting between matic, loopering and avalanche uh.

All i think worthwhile really to have on your watch list for the remainder of the month. Uh uh. Did you miss the bollinger lesson? No, you didn't uh. We could do the bollinger lesson right now.

Well, folks, welcome to teaching technicals with me mateo today we're going to be talking about bollinger, bollinger, bollinger bollinger, also known as bollinger bands, so highest level of what you need to know about. This is first of all, this is the macd on the bottom. It is in no way that bollinger is a very common technical indicator and it really became popular as far as i can understand from my a little bit my historical research on it in the early 2000s. That's when john bollinger, the guy who created it.

Hence the name: bollinger bands wrote a book that was pretty popular, so to start off to be able to understand bollinger. The first thing you have to know. Actually this is the bollinger. This is what it looks like, but to start off, let me start with the simple moving average that is going to be the middle line of a bollinger band.

This is the 20 bar simple moving average, as in it's taking the most recent 20 closing prices of whatever time frame you're on and it averages it together and that's how you get the current value. So that is once again the 20 sma simple moving average most commonly the closing price of the 20 most recent bars. Yes, you can change this if you want the 20, if you want the 50, if you want the 10, the 13 whatever, but the most common one is going to be the 20. and the reason i'm bringing this up is because it's probably the most important part Of the bollinger band, as you can see when i show this or don't show this you're not really seeing the color, because it's the exact same line, so this blue line.

If i put up the bollinger it's going to be the exact same, it turns orange because that's when i have the colors on on my bollinger, so my point is: is this middle line? Is the 20 simple moving average right now, i'm on the s p. 500. Two hour chart because i think it will be good to teach you so what's the leftover, so you see this kind of white region and this will be actually referred to. As like the bands, the volatility bands, i think i've even read that some people refer to it as the envelope, whatever you want to call it we're going to call it the bands, the volatility bands, i think, that's the most common.

So what this is is the distance between the simple moving average and the top end or the simple moving average and the bottom band. This is going to be your volatility bands, as in it's going to be where most of your trading actually occurs. It's going to be centered around some sort of meme and if you want to get really specific about it, this is a two standard deviation move away. So if i were to draw this from here to whenever that occurs from there to there from there to there, it's two standard deviation moves away.

So i don't want to bore you too much with a quick math recap, but for those of you who want to know don't forget that standard deviation is the square root of variance so you're getting from some sort of average value. How likely is it to move away from that like? What's a what's a normal band of price action? So when you're talking about one standard deviation that encompasses about 68 of a normally distributed price movement, two standard deviations is about 95 percent and three standard deviations is about 99. So once again, this is two standard deviations, so it's covering about 95 of price action, which is telling you that when you get on the outside of it, that's actually pretty abnormal, because 95 of the price movement should be within these bands. So when you see it poke above it that's pretty abnormal and then, if you switch it to three standard deviations and you poke above that, that's very, very abnormal, because that's actually covering 99.

But once again, this is two standard deviations covering 95 of price action and another way you could look at this because obviously it's covering the moving average. That's this middle line, the 20 sma when it gets very tight, as in the difference between the top end and the bottom band, is pretty close. That's actually telling you that it's a low volatility environment, as in the average price movement, the average price action. It's not really moving um and then, when it gets very wide like it is recently, that's telling you that it's a high volatility environment, this naturally ebbs and flows a lot of people who use the bollinger band.

They look for environments like this, be like! Oh okay. It's low volatility: the bands are pretty close to them. That tips off that there's about to be some sort of movement now. Does that tell them if it's going to be an upward or downward movement? No, not really, it just tells them that we know the market.

Typically, flows from periods of high volatility to low volatility. Another way you could use this is the fact that, right now, the bands are very wide, so that could actually tell you that we're most likely going to enter into a period of lower volatility for things to come down once again, when you get into the market There are these natural cycles of ebbing and flowing high volatility. Low volatility we've gone from low volatility to high volatility. I would not be surprised if, in the very near future, at least based on the two hour bar chart, we see a period of low volatility, just because that's how the market goes so quickly.

To recap, before we get into some of these training strategies, the middle line, this orange line is the 20 simple moving average. The bands, above it also referred above it and below it, also referred to as volatility bands, are just a standard deviation of the moving average. What i'm, showing you right here and what's the default for bollinger, is a two standard deviation move which is going to end up covering 95 of price action. This leads me into potential strategies of how you could trade it.

Now, i'm not telling you that this is how you should trade, it i'm not a financial advisor, i'm telling you! This is maybe something you should look for, and maybe you can build a trading strategy above it. The fact that 95 of trading action should happen within it that tells you that, when something is above it or below it, that's a bit abnormal and in my past of training algorithmically, i have seen many people of when they see a closing bar. If it's above it, they look to go short and then they look to play it back to the middle line or if it closes below it, they look to go long and then lock in those gains at the middle line. So once again, this is a type of reversion play, so i'm trying to look for opportunities where so right here you saw that it closed below it.

That could be uh an entry signal, and then you write it all the way back up to that midline. So, yes, your entry and your exit are a bit dynamic, you're looking to enter when it closes outside of those bands and you're looking to play it in the opposite direction when it closes on the outside. That is in no way a continuation signal, because it's actually statistically abnormal for it to have gone that far. So, for example, if we closed and the s p 500 was outside of this band.

That is not. That is not. That is not a signal to buy at that point, because you're already looking at something that is outside of normality based on standard deviation, so the way i would use this is once again. I think this is a good signal right here that okay, this was abnormal.

We also got the signal that fact that the bands were very close to each other that were out about to see a period of volatility, so this might have told you to actually go short and try to ride this back down, and you actually would have locked In your gains that same day, when you actually probably right away when you hit this middle bar, another potential signal would have been recently here on december. 1St you closed outside to the south side as in you would have gone long here, and then you would have ended up locking in your gains the very next day uh right around here. So you would have rode that one from 451 all the way up to 457. You are looking to play the outside of the bands to the center.

That is one strategy. You could be a little bit more aggressive and play it till the next time it hits the next band so you're, not even looking at the middle one you're looking at it to get to the other side of the band, i'm not the biggest fan of that I'd prefer myself just like knowing some of the stats and how at least i've played it in the past when i'm using this, i like to play it back to the middle one, but i want to caveat all of this with saying even john bollinger himself has Said do not use this indicator by itself; it's good to use it as a filter of certain. I guess, i'd ideas with a non-related additional indicator. You could use it with the moving average convergence divergence.

You can use also known as the macd. You could also use it with the rsi, so at this point this is the s p 500, and i think this is kind of an interesting way we could have set. This up is right. Here we saw that it was essentially oversold because of two different things.

We saw that the macd was extremely high. We saw that the rsi popped above 70 and we saw it was above. A two standard deviation move out, so you have three different things that are not really related a little bit related, but not so much telling you. This is oversold and at least on the two hour chart it needs a period to cool off.

So at this point, what it was telling me was: okay, if you're aggressive - and you want to make some money on something i don't know like a put or something you can or you use it to tell you. Maybe this is not the best opportunity to go along right now and you might be able to get a better price fill if you just wait a little bit, because three distinct indicators are all telling you that, yes, it is oversold the rsi, the macd and the Bollinger band the fact that we were on the outside of it now another way you could use. This is maybe looking for that good entry on a long position coming back to right here, you we see that it closed on the bottom side of it. We also see that the rsi was extremely oversold.

Well with this it closed it closed it closed matt. How do you know which one to get in well, what you could have done was actually waited for the rsi to go below 30., so at first, not below 30, not below 30, not below 30, but by the time you get in here around 457 ish. Well, it's also below 30 on the rsi reading, and if you really wanted to, you could have waited for the macd to start to kind of cross. Uh with there you might be able to throw in the alligator, like my point here is: do not use any of these by themselves.

Look for confirmation across various technical indicators to get a better idea of what is or isn't going on, but to quickly recap. This is the bollinger band. The middle line is the 20 simple moving average. The outer bands, the volatility bands, are two standard deviation move and when you're on the outside of it you're.

Looking for reversion you're, not looking for a continuation for your entries and exits, i would highly recommend that you use it in concert with another unrelated technical indicator. Once again, the bollinger bands created by john bollinger uh uh you're, the best man learned a ton over the past month, keep killing your bollinger band, duck dude shout out ryan, hey matt. Can you say hi all right? We did that shout out once again enzo and summer uh is get it right, get it tight. The proper mentality to apply to the bollinger bands was, i taught wrong, get it right, get it tight uh.

I think that's probably a valid one. Oh man, uh twitch, won't, let me say, pubic interfering because i use that word a lot. It's also prejudiced against me, typing craft face tandem plays his best when celebrities are watching hoping for a a beat down on the lakers matt. You've made rona life indefinitely better.

Entertaining educational, big up yourself, fam chris. I appreciate that you've been in here for supporting for months and months and months, and i know many of you have uh so special shout out to the people who are uh. I guess lawyer, supporters and ben and have been in here for since day one. I also want to take this quick opportunity to remind you to do um if, for some reason, you're having a tough time picking out your favorite hanukkah, but i mean hanukkah were almost at the end of it.

If you're, having a tough time figuring out your christmas present um just so, you know, if you order uh any of the moon gang merch today, tomorrow, like today, tomorrow are probably the last days where it's going to be guaranteed to show up by christmas. So if you're like hey, i need some sick gorilla ape gear. I need some sick um duck gear. I need some sick moon gang merch gear.

The website is above my head right now, it's running a pretty sweet deal if you want that for the holiday season. Obviously, don't feel pressured. I just wanted to bring it up to you, because if you is worth thinking of it, i just want you to get your orders in, so you actually have it in time for christmas because remember across the board, there are some pretty serious supply chain issues. So i just want people to order it early and fast, so you don't have to worry about it all right, so we have amc hanging out at 30, 80 up 7.

On the day we have jimmy hanging out at 177 up 5.9 on the day nvidia. Coming back around um and we see the tech sector, the queues in the bottom left here showing some strength, so not a surprise that nvidia is also going pretty strong net right here. We were talking about this one. I think this once again.

I still think it's a solid play. I think just this one. You need more time, obviously myself, i'm in nvidia for the second time today, because i'm seeing a lot of opportunity in it. If that tells you anything, am i finally positive again on the second nvidia play uh as of now? No i'm, not it's trading at 704 and i got in at 7-eleven, so i'm slightly down, but uh with these plays.

I want to be more. I guess i'm attempting to be more helpful because i think there's uh a bad methodology of everyone on social media and when i say everyone, i obviously don't mean everyone. Let me just be a little bit dramatic, please of everyone's just bragging about. Like oh look it.

I got this 100 game. I got this 200 game. I got this thousand percent game. Everyone is bragging incessantly of how good their winning trades are and, of course, they're not really showcasing their like public losing trades.

So i thought what was nice is to maybe show you something. That's a little bit more realistic to trading is because we're getting the updates from those people. When it's already done with me, i thought it would be more helpful, especially to some of the new traders out there of what about getting into plays in real time. It's very easy with hindsight bias coulda shoulda woulda.

I wish i did that if i got in here, if i got in nvidia today at 306 and i played the weekly yolos to 325, i'd be up this percent, it's like well how'd. You know how to do that and obviously these twitter accounts running accounts. These trading gurus, they always seem to like make these awesome trades and, after the fact they brag about it, that's not real trading. The best traders, in my humble opinion - and i also just know this factually still have losing trades.

You have to be able to show your winning trades you're losing trades and it's much more helpful for people at least i thought it was, and i still think it is when i'm still trying to learn of people calling out their trades in real time and, what's Even better is if they call out their trades beforehand hey if this this - and this happens i'm gon na get in. If this is this - and this happens, i'm gon na get out this. This idea of, like just screenshotting your profits afterwards and being like, like who's learning from that it's just very difficult to develop a skill set when people are only curating their like their best trades um, so the nvidia one.