So do yeah it's christmas time, hello, hello, hello! We are back for the power hour session today, thursday december 16th and i'll say it. I know it's on all of our minds where where's santa: where is the santa market rally? Where is it? I? I have questions and i demand answers i want to know. I need to know this look at everything, the spy, the cues, the russell, all of them just sold, sold sold all day all day all day, it's been a rough day, um, it's things are selling off amc, currently at 24.43, actually relative to everything else. Amc is kind of holding on uh gme.

Definitely suffering like it looks all these charts look the same: the spy, the cues, the russell jimmy like you could throw in tesla there you could throw in apple. You can throw him amd, you can throw in ramana. You could throw in anything, prague looks a little bit different amc trying to hold on but brutal day brutal brutal brutal, but this is why we stick to our trading plan, and this is also a good reminder that you can make money on the downside. I know there's a fair amount of people right now in the discord who have been crushing it on apple puts tesla puts you can make money on the downside.

So honestly, some of you right now are probably watching this and saying wait. What like i'm having a great day, i'm having a great day because you're making money just on the downside, that's totally fair, um right now, i i got messed up with tesla early this morning in amd, and then i waited for things to calm down with apple And then i got apple calls and now obviously apple has not bounced. In fact, apple has continued to go lower. So that is not that's not that fun, but hey as quickly as things changed yesterday to explode and then quickly change today to go down.

There's no saying things just don't completely undo themselves, even tomorrow, i'm personally a little bit confused, because the amount of calls being bought today is staggering. So i don't know if this is just like a one like weird day premium burn in between before, like all hell breaks loose to the upside, i i hope that's what the answer is, but today just i don't know not that fun, not that fun all right. Uh we'll get into this, i just want to give you a quick update so as of right now so two days ago, when things started to get a little bit crazy for amc. Today is the 16th two days ago, when we bounced from 21 all the way up to 24.

A big question was how many shorts covered. The return share was thus far is only 3.92 million. Today, today is the first day they would be eligible to return any covered shorts from two days ago. They don't have to return it today, but today is the first day and generally, why would you keep paying that interest? Borrow fee doesn't really make the most sense, but with it i mean the estimated short interest is 106 million, and only 3.9 2 million were returned today, so that and that's taking that into account, so not we're.

Finally, getting a better idea of the price action of amc two days ago, and it looks like it wasn't shorts covering did some shorts cover. Yeah did any noteworthy amount of shorts cover thus far. The data is not suggesting that, in terms of gamestop, the estimated short interest is 18.48. This is just cruising higher and higher jimmy at 1.8 mil borrowed against it.

Today, which i mean we started the day off at 10. For a long time, gamestop was sitting at seven, so we're seeing the short interest on gamestop really really start to pick up really start to pick up. Obviously, it's a little bit indicative of a recent sell-off like as they're shorting, that selling and so right here. Not only do you have shorts, who are adding extra supply by shorting, but also maybe you have people who are less confident in the play who are getting shaken out of their position, because it's not the most fun to watch.

It go from 243 down to 143, but if it ends up catching itself, amc and or gme, these are still sizable short interest. You could have 11.5 mil shares, get squeezed out of gme, which would be how much is its average volume. Its average volume daily volume is 3.7 mil so 3.7 mil on average and we're talking about 11.5 that could get squeezed out or, for example, on amc. The 10-day average is 57.8 mil and we're talking about 106 that could get squeezed out.

So, in the event that demand finally shows up, because just because you have a short interest, that doesn't mean it's going to squeeze high short interest. That's a prerequisite! It's a check box like okay. Yes, it's capable of doing this, but you really need that price action for things to move to the upside, to put pressure on the shorts. That's so important - and i think sometimes that's maybe not discussed or thought of enough shorts, only feel pressure when it's going up.

You need to put as much pressure on shorts as you can, because that's what causes a short squeeze them just knowing that there's other shorts as in a high short interest in no way puts pressure on them. The concept of trying to connect high short interest to like somehow guaranteeing a squeeze is very, very important. It's just not accurate. There are many times that things have extraordinarily high short interest.

You see in sometimes like biotech plays or something like that, and it just goes down and down and down and whether right or wrong, maybe they might the right player the wrong play about the business. But i've we've seen it way too many times when there's something with high short interest. It's my entire point is like it's. Nothing is ever guaranteed nothing ever ever ever guaranteed um, but it's weird well, not weird, but yesterday or early this morning, amc had the highest short interest.

It's ever had record breaking today december 16th, way higher, not way higher, but definitely higher than what we saw in january. Obviously, since thing since then many things have changed. Obviously many things have changed, but it it's kind of nuts that we're here almost a year later. What 11 months later and now we have the highest short interest on that.

Obviously gamestop previously has exceeded 100, so that would have quite a bit of way to go. But over the past, like two weeks, it's added 10, it's doubled up its short interest in the past. Two weeks has gone up a hundred percent. It's gone from like roughly nine ten percent to now eighteen nineteen percent um.

So we're seeing a notable relative jump in gme short interest, but even uncovering those two uh the action we're seeing today on amc and gme. You got ta look at the broader market. You. You can't think that everything is specific to amc and gme uh.

There's a lot of people in this community that in an unhealthy manner, try to connect any wall street development to somehow being connected to amc and gme and that that sometimes the tin, foil hat can just get a little bit too tight in those scenarios. There's been times where people are arguing that a like multi-hundred dollar billion, sell-off in crypto is because of amc and gme and mathematically that doesn't make sense because even put together, those two don't even they're, not worth 100 volume. If someone had that type of omnipotent power to sell off crypto to the tune of hundreds of billions of dollars, they literally would have just like bought the company and done whatever they wanted with it uh so sometimes like the math, isn't quite there. So with it.

I want to bring this up because what you're, seeing in amc and jimmy right now in real time, amc is down 25 cents. Gme is down. 5 is down one percent jamie's down three point: six percent not really tied to retail and or investors like institutions, hedge funds that are playing with amc or jimmy. This is an entire market move.

That's exactly why i have the spy of the cues iwm and some of these other big players. Nvidia apple, they all they all. Just look the same. Everything looks the same today.

This is a market sell-off. Is this a market panic? No, no! No. There's been like way way worse days, but this is i i guess i don't know i it doesn't make sense to me. It's been adding up like what i'm seeing in the options market to connected to this stuff, a lot of the stuff i'm just it's leaving me scratching my head, because the options market isn't like notably bullish right now.

The news yesterday was bullish. You saw the bullish reaction to all of it, and then i don't know if people are just like they collected their gains. This morning, off of yesterday's plays in in real, like in a relative sense to the overall market, and now like it just led to like a moment of capitulation when people are like whoa. What are we even doing right here? Um, weird weird, weird weird someone says roku looks different.

It actually does so. Roku is kind of an interesting scenario. Roku is actually having a very good day, so roku is up 6.8 percent most recently they finally inked a deal with google. Again, i think they re-upped on their deal and what's really weird about this, is and shout out to the discord.

We had some people who got into this like yesterday, because yesterday we brought this up right here. I remember talking about it, live right on this bounce. At 203, someone bought a bunch of roku calls, and then we saw it go up and like oh, we got it right and then all of a sudden it went down down down, and i was like oh good thing. We didn't take that plate, not a good plate.

It looked brutal. It dropped from 200 down to 192, but then it kind of got up off the ground like dusted itself off, had a good night's rest and then crushed it, and then it's continuing to crush it. In fact, you might have a cup and handle going on right now at 219 roku showing some serious, serious strength relative to a lot of other things, going on some very serious strength, um. So shout out, if you were able to get this roku or shout out honestly, if you faded the market, if you got some spy puts some q put some iwm puts, maybe you got some, i don't know what like uv xy calls.

Maybe you're playing volatility. Volatility is crushing it right now, so you could always, if you think the market's going to sell off one tool you have at your disposal is going long on volatility. Market sell-off relates to higher volatility, so you could check out uv xy. You look at the vix.

You could look at the other form of the vix. All these volatility measures. When you see the market go down, you see volatility go up, and that's exactly why, right here, u v x y has been crushing it actually just kind of moving perfectly inversely of all three of these, maybe is the cell of deleveraging of hedge funds. Um i mean, i guess, uh peter, i'm not quite sure what you mean with it, because of course like when you're selling you're deleveraging.

I don't think this is a mass short attack on the market. I think this is exactly that. I think whether i don't know if it's institutions, hedge funds, retail, some weird combination of all three but of course, there's deleveraging because there's selling in certain equities, we do see an uptick in shorting. But it's not like we're seeing an uptick in shorting across the board.

As of today, as of the earliest pieces of data, but it could be true - i also want to put it in perspective of where things are relative to their their highs. I mean geez geez louise, you have the spy that yeah the intraday stocks, but look at where we are the all-time high was right here at 473 54. we're two percent away from an all-time high. We almost hit a new all-time high.

Just this morning same thing with the q's i mean we had 409, but we were at the shelf of 400 iwm a little bit of a different story. There, the rus, the small cap sector, has been struggling a bit more, but with these the intraday, i think it's easy to get myopically focused on like a one day movement, but you got ta, look at the bigger picture. Uh being this focused on the movement and like just screaming, for market panic and all that it's it's, in my opinion, a recipe for disaster to get so like glued in onto one chart uh. You can use one chart as like a data point, but then you should be using various time frames and various technical indicators.

You have to use a lot of things. You don't want to just be watching like a one minute, three minute to five minute chart and get like all bummed out on one red day or get all excited on one green day. You have to see how it fits together in the overall picture of everything else going on honestly looks like 2008 just saying um. Maybe i i don't really, i think, there's different driving forces right now and also in 2008.

I was not watching the charts day in and day out. Iwm is short in more than 52. I don't know where you're getting that information um. I would love for you to share that, but i don't know where you're getting f.

Iwm is shorted 52 uh. I would ask if you could share like your data source on that uh, because i have not seen metrics like that, like whatsoever um, i'm trying to think of where you would even be getting that information, maybe on iboro desk. Are you looking up iwm here? Like 52 would be astounding, no you're not getting it here, uh fintel fintel, maybe i'm trying to think of the most common data sources that someone might use to get that well, fintel's, not even loading now! Oh, is it going to load now, looks like fentanyl here i'll put this in? Oh here we go. Where are we at the borrow rate? 52 uh? You don't want to use short volume ratio.

Short short volume ratio is like or short, volume is not short interest. Um, this is a misnomer, so short volume ratio is short volume divided by total volume. Short volume is an awful metric, do not use short volume whatsoever um. So this is the data you're using which you said 52.

This is 53., you don't use short volume, and this isn't me just saying short volume. So the reason why you don't use short volume ever you shouldn't use. It is because it's referred to as dirty data, so short volume. It includes all short volumes.

So, yes, it includes the shorts of the day, but it also includes market makers and high frequency traders, who are simply providing liquidity and they sold and bought back before you could, even like click, the like a mouse button. Um short volume includes both and there's no way to know what percentage is legitimate shorts versus people providing liquidity and proportionately it's going to be more people providing liquidity than actual legitimate shorts, um, so 52 um, i'm not sure where you got it. It sounds like you're, getting it off of short volume and then just doing a short volume ratio. You don't want to use that.

The way, i would say is like you can discern. Maybe some utility out of this is by seeing the trend is overall short volume. Going up or down - and you can assume the unknown proportionate rate - is always going to remain constant. So maybe, with that the trend you could be like.

Oh okay, i think generically there's more or less shorts based on the short volume going up or down, but this actual magnitude and then hence this ratio. You can't derive anything um from this, just so everyone's on the the same page, and this isn't just for iwm. This is even for equities. If you were to look up apple, tesla, nvidia um, whatever amc gme short volume, it doesn't have zero utility, but the utility is in the trend of the number, not the magnitude of the number um.

It came from short the fix. I think you mean short the vix. I don't know where he's getting it, but i've. If that's, where he's getting it, i i wouldn't use that data vortex check the image on ortex.

When i look up or texts here, i'll show you what i'm seeing on my end, it says not announced uh shorts right here, so i get in n a so. The short interest went up by nine percent um the borrowed shares 6.75. So the current estimated short interest is 163, but in terms of a percentage i'm like, i just see a big n a so i see a lot of people are saying, check or text. Is there somewhere in here that people are seeing it? Someone said 163 million.

All right, how do i see no trading signals? Iwm outstanding shares bar chart all right, so this one is saying outstanding shares 311 million, so roughly 311 162. That would be about 50 um. If hang on, let's go to those reports oops. Where was it so? This is actually pretty constant, too 115, 112, 112, 113 and a little bit higher relative to november 30th uh.

But it's always continually above 115.. That's crazy! I mean the last time it was sub 100. So i i'm assuming that's where the number's coming from is this, which i guess i have no reason to like that. That seems right to me, 115 shares sold short so they're.

They are sourcing the same data because right here, 115.23, 115.23 and then just the division of 311. That's roughly 50. I get that what i i guess my final question on this, though all that seems to check out, but i don't know why this is still not announced then especially with something like iwm like. Why not just take these numbers and divide it by apparently 311..

Is there another hang on? Is it just an etf thing? That's okay! Maybe it's just an etf thing. Okay, so maybe they just don't have short interest on etfs on ortex uh. Let me think of another one: okay, not announced there what's uh. What's another common etf uh drive drive all right, here's another etf yeah, so it seems like they just don't do short interest.

Estimates on etfs is kind of the conclusion that i'm coming to right now: nasdaq yeah, all these have been non-announced um. So i i guess the only thing here for us to get a solution is i'm going to email, ortex and kind of see, because the math is basic. So there has to be a reason on why they're not doing it, and i can't come up with one off the top of my head, because why not just do what we just did of the current estimated short interest? Are they just saying that they don't have a free float? Is it dividing it that that's strange to me so i'll, ask and i'll just let you know um of why they're all etfs are coming up as n a uh, but i guess in the meantime i see nothing wrong with the methodology of taking the estimated short Interest and dividing it by the total share count that i i don't see anything maybe they're going to get back to me with something weird, but i can't come up with why that methodology would be incorrect. Oh, i wanted to share this with you um when you have some time this is on supersonk.

It was posted by missing the point. This mind-blowing comment on the sec's website texts also in comments during june and july in 2009. Deep capture, serialized 48 000 word story about a network of market miscreants that includes disreputable financial analysts, prominent journalists and some of america's best-known hedge fund managers, associates of the mafia and michael milken, the famous criminal from 1980s. The story focuses on the travels of dendrian a company with a promising treatment for prostate cancer, but it describes market uh.

This is where it gets like really crazy, because this is where it's kind of being connected to obviously on supersonic gamestop um, but the mechanisms that have affected hundreds of other companies, and it contains a larger message about the deep capture of our nation's media and regulatory Bodies now we publish the full 15 chapter story, as a single document check this out when you are bored and you need something to read it like, i was reading it. This is nuts, you got to read this story and it involves our boy jim cramer. So here is the title: this is the mind-blowing comment on the sec's website check it out. It is written by missing the point.

It's on super sunk. It's it's a good read! It's it's pretty wild! I also want to talk about this. Robin hood could be in deep financial trouble if they don't list shiba inu in 2022. Another interesting read.

I personally believe that there is quite a bit of pressure on robin hood to accept shiba inu, just because it's popular people like to try it and it's it's just a business avenue. It is clearly a business avenue for robin hood and they desperately need that at this moment in time, because they are hemorrhaging money, they last quarter burned 1.3 billion dollars the quarterback for that they burned 500 million dollars and before it they got lucky with the insanity Of gamestop and made quite a bit of money of payment for order flow for gamestop options, the next quarter. They when doge was very popular. They offered doge.

So they made quite a bit of money off of that. The next quarter. They did not get on the shiba inu train, so they missed out on that and you can see what happens when they miss out on things. Is the net loss for the quarter it bubbles in extreme amount? So not only is their loss getting wider, but their? This is even in their own prediction: their revenue is going downhill quarter after quarter, they are predicting less and less revenue and they are missing also even on those revenue, like estimates, so it's getting worse and worse and worse um.

So for them, i i don't know how they haven't listed. I mean, i wonder now, if maybe they're a little bit too late to this party for sheba, just because the volume of sheba has been dropping off like for them. Attempting, as in robin hood, to save its business, it kind of needed to be in the right place at the right time and doing it now it might be a little bit. It might not be enough, and it might be a little bit too relate relative to.

What's going on and just really the overall volume, i don't know, there's pressure on it, i'm surprised that they haven't already added it, but i just wanted to quickly share that with all of you, how is krypto doing overall btc flat ethereum going up abac, strong um? If you want to learn more about avalanche and avax uh literally the crypto show just before this, i did kind of a high level breakdown of avalanche and kind of what sets it apart and why i personally find it to be pretty cool and intriguing. So if you want to learn more about avax, the crypto that has recently gone from 75, all the way up to 105 - and it's outperforming many other cryptos currently in the market. If you want to learn about why it's so special and what's going on uh, i recommend checking out that video. I believe it was what episode 4 of crypto cores check it out check it out all right, how's amc, doing kind of coming back up to 25 gme as well.

Here, let's throw up these guys uh for now to see if we get some pushing some push and some pushing uh, let me throw up apple all right. We see some buyers step in thoughts on olympus dow, a treasury reserve currency that pays out insane apy along with time wonderland created by daniel sesta i'd, say it's worth looking into with insane apy for long-term compounding passive income. Uh ape tree 14, i'm actually in both um. I have olympus dow and i also have um i'm in that project, i'm also in the wonderland dow project.

So i have uh what olympus, om and wonderland time i have both of those i'm currently staking whatever's going on. Let me check out my uh. Where do i need to go wonderland wonderland, wonderland, wonderland, all right? This is taking a hot minute to load, but yeah. I'm actually in both of those and some other just working on some.

I don't know a fun, a fun little piece of content to like kind of share it. So as i started it and then figured out what minting slash bonding is and all this staking and how to play the numbers, um kind of a video being created in the background, but i'm excited for it. I've been in olympus dow for the past eight days. Eight days i got in on december 8th was day one uh as of december 7th december.

7Th was the day i learned about dowel protocols. I didn't know anything about was going on and me looking into it this. I don't want anyone to take this as saying. Oh, like matt's in it that means i should get endowed protocols um.

It's it's a high risk high reward setup. It is very much a high risk. High reward some of the ones i'm in i'm up money right now, some of the ones i'm in i'm down money. This is in no way like a guaranteed thing.

You, whenever you're involved in any market, only be playing with money you're willing to lose. That is such a good golden rule. You should never be going like betting, the farm all on one particular thing: it's just not a good methodology you might get lucky, but for every one person that gets lucky, there's 999, that they end up, losing it all if they bet it all, especially when they Don't fully understand the i guess, risk of the thing that they're currently currently hopping into so, for example, to my understanding, there are various risks endowed protocols, but one of the main risks that i'm seeing right now is just a lot of them. Are the cryptos that these projects are based on? Like the actual token um, a lot of them are getting severely beat up severely severely beat up.

So, for example, i got into olympus dow and my like base cost for ohm was 500 and ohm is currently trading at four hundred dollars. So in one week twenty percent has already been lost to that um and other ones are even more extreme um. Some of them are up like as much as fast as they go down. They can also go up like it's just a very high volatile asset class evan pena, oh brother, hey, big ducky.

Can you check out b, kkkt and evgo happy to be kkt b k? Kkt looks like it's getting, rocked um, it did its gap, fill excuse me, it did its gap fill and it's still going down. I would say you have support at eight dollars. This is it's looking bearish to me, though. It had all this excitement and ever since then just lower highs, lower lows: the buyers are just not stepping up.

Someone said hex is up 100 in 24 hours. I don't think that's true um. It's up. Seven percent.

I mean it's up, i'm also in hex. Just another kind of i don't know a quasi-like yield. Farming apui type of payout situation would love for this to get back above 30, but uh i'm getting a reading of it being up 7.5 in the past 24 hours. Unless do i just not know how to do math one two, three, four, five, six yeah there's no way it's up a hundred percent, but shout out luke, i hope, you're a hexagon, i mean hex.

I want it to explode matt. How is it determined for trading in apps to release our pre-market and our after hours trades? How is it determined for trading apps to release our pre-market and after-hours trades onto a lit exchange to like to write daniel? I i think you're asking of like how is it decided of like where they're routed to um, that is commonly most of the time, especially with like retail brokerages, it's already determined it doesn't matter if it's pre-post or normal market hours, many of them are decided with Their payment for order flow deal like it's just always going to end up at the likes of citadel over to whoever they sign that payment for order flow deal with so like the the pre or post market aspect of it doesn't change it, because that's what payment For order flow, is it's the deal between a market maker and a brokerage that the brokerage will send its order flow to the market maker? Uh hang on. What do we have? Are we done with amc? No more excitement uh, you might be done with amc, i'm not done with amc. I mean i guess we all have to make our those decisions for ourselves, i'm in amc, but i'm also in one thing and please, like i, don't mean this facetiously.

I don't mean this sarcastically. I mean this like very earnestly and straight up. If you are an amc ape and you identify yourself as such, if you're a gme ape and you identify yourself as such - and you are in this concept of diamond handing and you're willing to risk zero or some price that is far below, where we're currently at Um, what what's the point of watching like every minute three minute, five minute bar like i understand the concept of when things are going haywire of watching it. If it's going up so you can try to top tick and exit or, if you're, trying to buy more on a discount setting an alert at a discount in price.

But, like i said i mean this very earnestly, i i can't wrap my head around. What's the point of us watching every single minute bar? What's the short interest on or tax for amc, it is 20.6 percent to learn how it moves, but yeah we've also been. I guess doing that already now for 12 months, so, like most people are kind of in on that, it's just self torture, really hey. I can get that uh.

Someone said: let's watch sndo. I i'm basically here to watch the main movers like i. I don't want to give up what 25 of the screen to something. That's like not really doing it, and most days amc and gme look the same and really a lot of the times.

They all look just the same as the russell like if i were just to put the russell right here. Where is the russell boom pretty much? The same i mean when amc and jimmy are mirrors now we're saying like half the screen for the same thing, i'm just here for your relationship, advice, yeah, i i like well yeah. I know many of you are here for my relationship advice, but let's put up the things that are moving. Can you take a look at maddox yearly chart matic polygon? I love matic.

I love matic the yearly chart, so you want to know. I guess it's not been training, at least on training view for a year um. So this, i guess in particular like doesn't have it's not like you're, always going to find a like an exact specific name for it. A little bit, though, i see kind of a a cup and a handle and we're at the handle right now you can even see that maybe on the cup the handle, you could see a shoulder, a head, a shoulder, inverse head and shoulders.

You can see an upward channel higher highs, higher lows, there's never a time where it's like. Oh, it's exclusively just this technical structure, a lot of the times, there's going to be kind of overlaps between the technical structure, names and what you see depending on like the time you want to go back to and all that good stuff, but matic. I guess if i had to give it the most generic name. What do i see? I see bullishness, i see people liking matic.

I see matic going up. I see strength that if you want to give this and this chart a name, especially if you can get above 220, i definitely would call this strength. Uh check out adgi in at 10 out at 14 adgi 80. I think mr bouley was talking about this one.

Today, okay, so it's sold off, got really cracked, but then people are kind of buying this dip opportunity. Um. I like this concept of getting in on the swing back from 10 and you got out at 14.. That's awesome! If i don't know much about it and i'm not the biggest therapeutics trader and or investor, but if it gets going yeah there's that option for a gap bill, you could play half the gap region.

Maybe you want to play it somewhere around the 20 line, but before i do anything i would look into. Why did it gap down? Did it lose a drug? Did it have issues with data? Did the fda like slap it with a fine figure out? Why it gapped down from december 13th through the 14th, is like clearly where i would start my dive into it. I left your cnbc interview the other day. You crush it hashtag spanish apes.

Adrian. I appreciate that. That's so kind of you, hey matt. Can you please check out avct love all of you except gary coors, who called me annoying that time jk? I love you too.

Gary you, butt head. What's going on, kinky kong you're, always always good vibes. I like that, all right, so a v ct virtual cloud technologies. I believe it has to do with cloud computing, but now i'm questioning myself this one, i'm just right where it got rejected today.

180.. Look it look at this shelf right here. Support support, support, support a little bit of resistance, finally got above it, but today rejected it seems like with avct. I have no position just so everyone knows, but that's that's.

The line in the sand, 181 or 180 is the line in the sand, and you want to see it get back above two uh right now, you're, seeing the what the 50-day moving average acting a little bit. Also as resistance tried to break out, couldn't hold it. Um kind of consolidating lower highs higher lows: you have a little bit of a flag going on. I don't know which way it's gon na break.

I wish i could tell you. Oh hey, it's like definitely gon na break to the upside, but in reality i don't know. If anyone like actually knows that you just have to kind of wait on it. Wait wait, wait all right.

We did matic uh amc, should partner with uber and get free rides to seniors for early bird specials play the oldies, but goodies many seniors can't get to the movies. I think that's a very awesome idea me hung low. I think that's a very, very good idea. Okay, very quickly, i want to give you all right all right, all right.

Let's do a quick technical teaching session and today it's a double day, a double dip technical session day, and that's just because they are very very closely related. We are going to teach you about golden crosses and we are going to teach you about death crosses, so what you most commonly are going to hear about a golden cross and then death cross. They involve two different moving averages, most commonly it's the 50 moving average and the 200 moving average. Does it have to be those? No, but most of the time is it those? Yes, if you haven't heard about moving averages, what they are is basically most of the time it's going to be the closing price over the most previous x bar.

So for the 50 moving average you take the most recent 50 bars. You look at the closing price. You average them all together and then for the 200 moving average. You look at the most recent 200 bars, whatever time frame you're on the 5 minute, the 15, the daily the 4 hour weekly monthly, doesn't matter how, whatever time frame you're on you, get that many bars from that time frame.

You look at the closing price. You average it together so for the 200, it's the most recent 200 closing bars, you average those all together and that's how you get this line. So, for example, what i have on the chart right now is: the white line is the 50 moving average based on the close, and then the blue line is the 200 moving average based on the close. These are.

This is the most common way to set it up when you're looking for the golden and or death class. So what are these cool name things? Well, the first one. Let's start with what happened back in late march on the daily on the s p. 500.

You see that the 50 crossed over the 200 to the downside this is referred to as a death cross bad um. If you were to get in on this scenario, would it have worked out for you? Well, not the best. You would have been into a profit right at first, but it wouldn't have worked out in this particular scenario, but in this particular scenario, the golden cross, which is the exact opposite, hang on. Let me fix this a little bit.

Let me drag this. The golden cross would have worked out beautifully, so this would have roughly crossed around 315 in july of 2020. So a death cross, that's a bad sign. That's a bearish sign! That's a no bueno sign! That's why we call it the death cross like a little bit on the nose like dead, bad ooh, not good golden cross.

That's the opposite! Think about that terminology. Golden light, shiny life! It's these! This naming for some of these things are very much on the nose. So, death crafts ooh be scared golden cross, the 50 crossing to the side of the 200. That's golden well, ideally you're, making some gold you're making some money would that one have worked out yeah that would have worked out extremely well roughly.

You would have gotten in at 3 14 and you would have been able to ride this pony all the way up to 466.. Now i am showing this to you on the daily chart. Let's take a look at a shorter time frame like the four hour, so, for example, let's, let's go even smaller, i just want to see more crosses. For example, you saw a death cross right here on tesler, so on tesla.

If you were looking on the two-hour chart, you would have seen this death cross. Okay, that's a bearish sign! Previously. Where would we have seen a golden cross? You would have seen a quick death cross, switching right back into a golden cross right around uh. What value with this event, 710, and you would have been able to ride this all the way up to roughly a thousand um.

So if you're using the cross, you could use it for an entry and exit or you could just use it for a entry or a exit and maybe use other criteria to get in and out of various trades. Once again, it's the 50 moving average, the 200 moving average, the 50 coming down over the 200. That's the death cross, the 50 coming up above the 200, that's a golden cross and then from there you apply it to whatever time frame. You particularly want, as many things happen in the world of technicals, it's not the end-all, be-all technical indicator, it's not a perfect one.

Sometimes it gives false signals other times. It gives very very good signals and my biggest recommendation for you would be to pair it up with other technical indicators that you like to see if you can build a row, a more robust training strategy and methodology off of that. But once again, this is for the death cross, ooh, scary, bad, and it's also for the golden cross. Hey, that's good golden great stuff.

Golden cross. Death cross 500. 200. Look for them crossing to the upside to the downside.

Let me know if you have any questions in a comment below and while those questions are coming in, let me switch back over to this. Let me switch back over to this. What are my thoughts on sklz sklz skills? Uh, not looking the best is that support, though uh the high sevens uh support support, so your risk reward is kind of actually a favorable setup right now, um. It is looking a bit bearish, but you can take this and maybe like play the bounce with very minimal risk.

Basically, if it drops another 20 30 cents, you could just take like a baby like paper cut which hey sometimes those are painful. But if you're right - and it does bounce here - i mean the upside - is nice ten dollars the upside, maybe twelve, maybe thirteen uh very minimal risk in this particular bet: uh matt on the run up on tuesday, so how many shares were covered or returned based on T2 settlement so for amc, uh, 3.92 million and for gme 472. 000.. That's a good question.

Shout out trace hoodie when corolla great question great great question. All right: do we have any hot questions coming in on roomba, so right now with neo eddy f-88 um, there are obviously increased political tensions that need to be considered uh between the u.s and china. I think a bunch of chinese therapeutic based companies just got de-listed. What's going on, what's going on, biggs arg lipster crap face ninja meme maker, someone said prague is a jerk face.

It's a jerk face. Those are tough words uh. What else do we have? What else man the market, not not the best in the market, hey if you're a bear, you're you're you're liking? What's going on all this red is green for you, but if you happen to have like a net long position, not not the most enjoyable, let me know i want to know and chat. I'm going to ask you all of my financial advisors, my friends on the internet.

Do you think this is the start of something more serious in terms of to the downside, or do you think this is just a classic bear trap and we are ready to just go higher and higher and higher momentary, blip or indicative of something more serious to Come let me know, let me know, let me know what else i'm trying to see someone g b love says it's the start of a downtrend, but creston says up crypto printer says: bear trap, there's downside to come according to david beartrap, daniel freddy is just saying Straight up rigged, it's the apocalypse, i'm worried, but hopeful. What do? I think i think this is a bear trap. My reasoning for it is the fed came in in a very, very dovish manner, a very dumbish manner. There's not too many political concerns.

Right now we passed the defense bill. The buildback better thing is going to get pushed to next year and the debt ceiling is where we save that that was signed by everyone who needs to sign it. So, with the fed worry kind of being like sweeped away with the government situation calming down, it seems like the last concern. People have is the current state of rona, whether it's the delta variant, the unicorn variant, whatever variant you want to possibly talk about.

That's to me the remaining concern, so you have politically things have calmed down federal reserve. Wise things have calmed down seasonally. We know it's strong. It is referred to as the santa rally it's the seasonal rally.

So you have seasonal strength, but maybe i think the wrench in the situation could potentially be. How much are the current cases of rhona going to spike or not going to spike? Some of the numbers coming in right now are high and i just don't know how the market will or won't react to it. I guess when i look at the big picture, i am i'm i'm feeling bullish. I i would need to see something more, notably negative.

Develop for me to go from bullish to bearish right now for the remainder of the year, you're all wrong. It's south african bull warm trap, much cases yeah. So that's what i'm saying. I think that is the risk in the current scenario.

It is. It feels like it's going to be case related in the spike in cases matt serious question: if a bear traps in the woods and no one is around to buy it, does it make, does it make a band? Oh man, uh. Can you take a look at tdoc teledoc? What's going on with teledoc, not the best looking pretty weak seems like it's coming up onto a level of support, though 8780. resistance resistance, uh now turning into support, so i think somewhere between 76 and probably 86, this 10 region nice support, it's gotten pretty beat up.

Lately, coming off of 303, all the way down to 87 - that's pretty brutal um. I would want to be diving into what happened over the past. What four quarters is it just continually missing on earnings per share earnings per share earnings per share? It beat on both of those, and i guess that's why we had a nice day, but still it ended up. Giving it back seems like a pretty tough play.

Had a very nice run then really showed some exuberance, and now it's just getting smacked um coming up on support, though so the risk reward might be there. I think you could let it go a little bit more. I see a little bit more downside, as in you can have a more optimal mis risk to reward. In my opinion, if you are a little bit more patient what happened to tesla's? Well, i don't know what happened to tesla.

I guess tesla's going for that gap. Bill to 9 10 to 9, 10, 9, 24 right now, yeah looks like we're still in gap fill mode potentially uh. Did you see trey's interview with dave lauer? I did not. He thinks that we could face a huge growth surge come compared to the 20s history.

Doesn't repeat but it rhymes, so i've been hearing that um, seemingly more and more lately about the 20s related to the previous 20s. Hey. That could be awesome. I i don't know if i can fairly comment on it, because i didn't see that particular video, but i don't think that's the craziest call.

I mean a lot of people are making that particular call so with so many people who, i would say, are respected um with so many of them kind of on the same page of it. I think it could have some validity is tupac still alive. That's a bold question, bold question. I think the odds are good.

The odds are good. If you record doesn't make anyone poop on the series number. We are fine because that's the what's going on jason. What companies that have high debt would be in trouble if they raised interest rates uh.

It depends quite a bit on how that debt is structured. It's not going to be necessarily directly tied to like straight-up interest rates. I mean they're, they have debt, they have deals with those debt they can buy and sell that debt. The world of debt itself is a world that is so complex that people spend their entire careers just messing around with debt.

There are some people honestly who their entire career is trading off like interest rates um the world of the market is so large and complex that it's good to have like generic knowledge of kind of how things are intertwined, but it pays to have expert knowledge in A specific thing excuse me, how's, my call on apple down. Why is my throat? Why did i just lose my voice? Excuse me uh down all right, we're back we're back in business and, yes, that's what happens? Maybe we shouldn't be talking about tupac. Maybe we shouldn't be talking about tupac, they shorted my vocal cords tesla if it closes behind below 9 30. That's not a good situation.

Amc jimmy, lucid house, lucid doing today. Everything is anything having a good day. Aetherium is technically green. Bitcoin just broke below 48 000 solana hanging out at 183 avalanche, crushing it 105..

If you want to learn more about this um, i think you'll enjoy the crypto stream from today, it'll be about like 15 minutes of your time, just watch it on double speed. Watch it on double speed. Ragnarok, like you, think, that's where the world's going we're having a ragnarok type event. Domino's is green.

I think domino's just had some sort of partnership announced. Finally, having a green day with roku roku isn't roku was the winner of the day. Let's, let's all give it up for roku and honestly. If this gets above 221, it might keep going like we might be talking 2030, then so roku.

I hope if you're listening, you were able to get a piece of roku had a nice day coming up to this trend line. Let's see if we can get that break above it domino's spring cost is number one shout out humble electrician, adgi ripped shout out being mike shout out shout out shout out shout out shout out shout out uh. Will we get spiderman revenue update tomorrow or after the weekend? Um? I'm sure there will be some reports from tomorrow, but that's not gon na, like usually it's your opening weekend, like we're gon na know more about like you're gon na want the data on monday morning. You want to know how it did thursday, friday saturday sunday, you want the opening weekend, information, ding, ding, ding.

The casino is closed, not the most fun day. Unless you had well-structured bearish bets - or maybe you just crushed roku or volatility, or something like that - um, not what i was expecting in the slightest, i thought today would be a lot more explosive to the upside based on what happened yesterday, what we saw in pre-market - I had much higher hopes, but maybe those hopes are just going to have to get delayed till tomorrow. We will be here tomorrow. That is the plan.

9 a.m bright and early. We will be doing the morning stream, then the krypto stream, then the power hour stream uh. As always, i appreciate all of your support. You folks, you apes, you, moon, gangers, you crypto cores peoples, you crypto cores diseases.

I never know how to do the own. Plural. S on my own name, you crypto courses whatever it is. Thank you for your support.

You folks, are absolutely fantastic. Thank you. Thank you. Thank you, hey.

The mark is closed. Let's be calm cool collected, and let's revisit this once again tomorrow morning, when that bell goes ding any ding, ding ding ding ding. Thank you. Thank you.

Thank you, as always for me and chair best of luck in the markets. I hope you have an absolutely fantastic evening afternoon night, whatever time it is for you, i hope, you're able to spend some time with family friends. Some loved ones have an enjoyable night, i'll catch you in the morning tomorrow, manana 9 am bright and early et. Have a good one:.