HAPPY FED DAY! (Volatility Warning)
AMC, GME, LCID, NVDA, TSLA, BTC, ETH, SOL & SHIB
Dumb Money w/ Matt Ep. 181
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RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
DISCLOSURE:
I have a beneficial long position in the shares of AMC & GME either through stock ownership, options, or other derivatives.
Video Topics:
amc stock, amc short squeeze, amc stock prediction, amc squeeze, amc price prediction, amc stock today, amc trey trades, gme stock, gme live, gme short squeeze, gamestop, gamestop stock, sprt stock, matt kohrs, matt kohrs amc, matt kohrs live stream, matt kors, matt khors, stocks, live stream, trading live , rading live stream, ape nation, bitcoin, ethereum, cardano, doge, dogecoin, treys trades, investing, trading, finance
AMC, GME, LCID, NVDA, TSLA, BTC, ETH, SOL & SHIB
Dumb Money w/ Matt Ep. 181
Want better Stock trading?
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Video As A Podcast:
π§ Apple: https://podcasts.apple.com/us/podcast/moon-money/id1550699494
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#DumbMoney #ApeNation #MoonGang
Please be sure to LIKE, SUBSCRIBE, and turn on them NOTIFICATIONS.
Let me know in the comments if there is anything I can improve on moving forward.
Thanks for Watching!
RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
DISCLOSURE:
I have a beneficial long position in the shares of AMC & GME either through stock ownership, options, or other derivatives.
Video Topics:
amc stock, amc short squeeze, amc stock prediction, amc squeeze, amc price prediction, amc stock today, amc trey trades, gme stock, gme live, gme short squeeze, gamestop, gamestop stock, sprt stock, matt kohrs, matt kohrs amc, matt kohrs live stream, matt kors, matt khors, stocks, live stream, trading live , rading live stream, ape nation, bitcoin, ethereum, cardano, doge, dogecoin, treys trades, investing, trading, finance
Hello, hello, hello: what is going on moong gang? We are back at it again. Folks today is going to be a big day. It's going to be a highly volatile day. It is the fed announcement day today, wednesday december 15th.
I am expecting a high amount of volatility because we're gon na find out what the federal reserve the central bank is going to decide to do in order to battle a almost four decade: high level inflation. How they're gon na handle their balance sheet? How they're gon na unwind, what are they gon na, do with tapering it's going to be nuts day? All of this really gets going so they're going to be concluding it today and we're going to get information at 2 and then again at 2, 30 et. So basically, some of the results come out at 2 and then powell will basically be doing a talk, a press or a press conference at 2, 30 once again, 2 2 30 et today. We're going to be finding out more of what in the world is going on.
Uh should be a pretty exciting day. Man, oh man, man, oh man, oh man, all right! So with all that being said, let me kind of get everyone set up to better understand what you could expect from now until two, but i want to kind of preemptively state with all of this that similar to an earnings announcement. Sometimes it really doesn't quite matter what happens all the way up until the actual event, because you could have such a volatile reaction right afterwards. So i just kind of want to get that all out there setting up today kind of a mixed bag.
So both the dow and the nasdaq are red. The s. P 500 is up the 10 years up and oil's a little down, so we definitely have a mixed bag across the futures market this morning, as you're about to find out the thing that everyone truly watching today is really this fun announcement. There are some other things.
I'm going to dive into and we do have some news on some individual stocks - development stories of that nature, but uh today, it's all about the fed. It's all about the central bank. The s p endow fell for a second straight session. Yesterday, tuesday, after the government said november producer price year-over-year rose at the fastest clip on record and that particular number is 9.6 tying numbers that we saw in 2010.
That's the wholesaler value of the ppi producer price index, but you also have the consumer price index actually came out before that the cpi and that's cruising at 6.8 and that's the highest it's been ever since 1982 and as you're about to see retail sales also came Out today, a little bit of a mixed bag there. All these numbers do relate to kind of the state of the economy. How much money is there? How easy is it to get money? How is retail feeling about it? Are they buying? What are they doing? You can check into the home reports there's so many cool data points to look into and they're all little pieces to this overall puzzle, but retail sales came out at 8 30 so about a half hour ago, and that came in at 0.3 percent. But expectations was point eight percent now really what's interesting about that is sometimes retail, especially going into the holiday season. You actually see the number being bloated just because of the holiday season, but also with inflation. Things are going to naturally be more expensive, so it's kind of interesting that they were off by half a percent on this expectation. If anything, i was expecting to beat it not because retail is not feeling confident, but because just things are more expensive and it's not properly accounting for inflation in that particular data metric. So the fact that we're off it was point three versus point.
Eight uh tell me that that tells me something's a little bit weird and honestly. It could potentially be related to the mass exodus from the labor market. Previously we're we're seeing droves of people leave to the tune of like what four million a month or something along those lines and uh we're seeing many many people leave the labor market so if they're leaving, obviously maybe that means they have less disposable income. So a couple things to consider there as it relates to the retail sales metric.
I don't know if there's one discernible thing you can really take away from that of if it beats, if it doesn't be, if it's spot on um, because there's so many different things that are interrelated there, but coming off of retail sales. I have some other numbers for you: import prices are up 11.7 year-over-year and it came in at 0.7 versus 0.6 in the most recent reading, and export prices are up 18.2 year-over-year coming in at 1. In the most recent reading, uh opposed to the expectation of 0.5. So, across the board, the producer price index, the consumer price index, the exports imports homes - all of these things are reading a very, very hot inflation.
That is incredibly important because all this is coming out now. It's the thing that everyone's talking about from the upper ends of mainstream financial media, all the way down to people in my basement right here, shouting at this camera, everyone is talking about what in the world is going on with inflation, and that's the exact same thing That the federal reserve has been deliberating on yesterday and today and they have to come up with a solution because not only are the numbers very serious, but there's also current government - and i guess normal citizen interest in this particular storyline - there's quite a bit of pressure On jerome powell and everyone else, i'm a member of the federal reserve to pretty much go from being dovish to hawkish. Dovish is when you are highly supportive of battling the unemployment, and that typically creates an inflationary environment and then, on the flip side of it, you could be hawkish, which is when you're battling inflation, typically not the best thing for the unemployment number. So with that being said, there are a couple tools that the federal reserve has to battle, and some of those tools are tapering. So before november they were buying 120 billion dollars worth of bonds a month and in november they chopped off 15 lowering it they're expecting to increase that rate to 30 billion in december, and maybe all this tapering will be done by march of 2022. That is one tool. They have obviously stop printing money, stop putting it into the economy. Another one is the interest rate hike right now, they've lowered interest rates to help support the economy during the pandemic and now we're in the scenario where interest rates are so low.
As part of their unlimited quantitative easing qe policy that another tool they have is to raise interest rates and that will help battle inflation um, usually the market doesn't react, the the most kindly to that type of news, but at first the question was: are they going To raise interest rates at all in 2022, now most people are on board. Saying yeah, it's gon na happen. A lot of people are targeting june for the first interest rate hike. Now some people are saying: are they going to do two interest rate hikes next year? Potentially, like maybe something like june and december, all these things are big assumptions and we're gon na find out today, not only from the metrics that are released at two and just the pure data points, but then also from the commentary of powell at 2.
30. Very very interested in trying to better understand where he and his fellow members, where their heads are at how they want to battle it. But if you don't care about any of the metrics, i said whatsoever in the past. What five ten minutes! All you really need to know high high volatility, lots of reaction across the equities market, the futures market and also the crypto market.
All these things are going to have a pretty wild day. In my humble opinion, hang on. Let me just update here all right: fed's anticipated, faster taper could pave way for rate hikes. The fed expected an accelerated tapering could set the stage for its first rate, hike covered era near zero interest rates, acknowledging it no longer sees inflationary inflation as transitory.
I thought this was particularly funny for the longest time: not transitory, not transitory, not transitory. Then they were trying to gaslight us about the definition of transitory. Then they were saying we're not going to use that word anymore and now. The expectation is that they're going to acknowledge that it's not transitory man.
What what a weird gaslight scenario we have with the definition of a word, um that'll, be interesting and there might even be a little bit of commentary. Maybe some hints right here about how they want to shrink their 8.7 trillion with a t balance sheet on the political front. We also have some other developments. This one relates to the debt ceiling.
So what you need to know is basically late. Yesterday, the senate had passed it, they passed the bill, then it got over to the house. The house early this morning passed it, which means that it can hit the president's desk because remember you need in you need both forms of congress. You need the house and the senate to sign, and then it goes to the president. So it looks like we're not going to get our first ever federal default. It looks like will this will get signed today and talk about waiting to the last. Second, i mean the date was december. 15Th.
Today is december 15th. The this was nuts. He he, as in the president, uh biden, he's expected to sign it just hours before the treasury department forecast. It would exhaust its tools to pay the government's bills, an outcome that would upend the us economy.
The resolution would raise the debt ceiling by 2.5 trillion with the t probably enough to get us through next year's midterm election. Of course, never worry about paying off your debt, just figure out how you can always take on more debt. That's a solid way to run finances a little bit on the roana side, cdc, says delta's still dominant, but the unicorn spreading quickly uh. The uk.
I just believe, lightened up some of its restrictions on travel. Saying hey it's already everywhere. What's the point of that, we are seeing some interesting developments in the world of sports. A lot of players and games themselves are currently being delayed.
I'm sure, if you are a sports fan, you might be hearing a little bit about that. Some colleges are having problems. For example, cornell just announced that no one will be taking finals in person. Everyone is going to be sent home and they're going to take them virtually.
So a couple developments there on the roana side, it does seem, like the fears particularly related to unicorns, is finally calming down. It's been calming down, but right now in terms of the big impact on the market like what is everyone losing sleep over it? Definitely like. I don't even really know if it's this debt ceiling, like the, if you look at all media and twitter and all that stuff, the players that are paying attention with big money are all paying attention to the federal reserve. Today, the federal reserve is expected to take a very big step towards its first ever rate hike.
So this is a lot of the information we've already been over, but the one thing i do want to share with you, which i think is crazy check this. This is on bloomberg. One trader just bit: 65 million 65 stacks on a quick market rebound by buying s p, call options that expire before the holiday. While the strategy is impossible to discern it could be a bet on a more dovish, fed or simple speculation that what is usually a seasonally favorable period will deliver either way.
It is playing for a rally over the week and a half so over the next week and a half someone laid down 65 stacks that the market is going up. Obviously, if the federal reserve remains stovish, as in that's going to be very beneficial, like kind of as a secondary result to pushing the market higher and their, i guess would lit inflation run or as this thing, this little quick blurb said they might be a continuation Bet on the santorella right now seasonally: this is a bullish time for the market, so whoever threw down that money. They have not slept in multiple days and they are going to be watching every single set. I wouldn't be surprised if they're like going to just be there in person to try to figure out whatever the federal reserve is going to end up deciding 65 mil on the line, not particularly today, but in a certain sense. It's on the line for today, because this, like it's not like tomorrow, will completely undo any wild development from the fed. So i just wanted to share that story. I can't even imagine the feeling of putting 65 mil on the line like wild wild wild wild. A lot of you, potentially paying attention to crypto, might have noticed some crazy, crazy numbers being posted on coinbase.
Yesterday coinbase says connectivity issues fixed investigating delays, so this is kind of nuts uh. We don't have to go over the entire article, but basically yesterday people were having issues getting onto coinbase and people who were getting onto coinbase were also noting astronomically high numbers, like huge, huge numbers that were obviously not accurate. Now the initial reports are saying this was not like there's no signs of hacking whatsoever. This does not seem like a hack thing.
It seems like maybe just like an internal coding issue that kind of led to this, but it it's back. Coinbase is the last time i checked it. What like a half hour ago, it does seem like it's back up and running just so. Everyone knows, but some weird issues going on with coinbase.
I just thought this was kind of an interesting story. Some people were asking yesterday about uber uber shares jumped after ceo says, company just had its best week ever so. Not only was this very good for overall gross bookings for uber, but it was so good that it ended up becoming a sympathy play also for lyft ly ft. So these ride sharing services bouncing back, which is kind of going against the narrative of maybe on a personal social level.
People kind of being a little bit concerned about the spread of rona. Actually, uber and lyft are doing extremely well, specifically uber, so just wanted to quickly share that story with you, and another thing i want to share with. You is a little bit of blood in the water. A canadian court just ruled that regal cineworld, our largest competitor in the u.s and europe as in competitor to adam aaron and amc, must pay nearly 1 billion usd in damages over the failed cineplex merger will be appealed, but anything distracting or destabilizing our biggest competitor brings Opportunity to amc there is clearly blood in the water. It is important that those who care about amc, see and reflect on this consequential news that came yesterday from canada potentially create significant opportunity in many ways for amc. So to give you the quick skinny on this. Hey amc already had the largest market share in the world of the movie, viewing experience the theatrical viewing experience, amc already had the largest market share and because of this misstep between regal and cineworld, and that whole cineplex merger. That misstep is now an open door opportunity for amc to gather and collect even more of the market share uh.
So i wanted to share this. I mean uh interesting opportunity, definitely an interesting opportunity and when you really think about what's going on, not only is this a misstep damaging to these this competitor, these competitors, but on top of it remember amc, is pretty much the most liquid it's ever been. It has 1.8 billion, with a b cash on hand, liquidity on hand between cash and the revolving credit, and all that stuff they have access to 1.8 billion. So if there is a distressed situation of people getting out of these theaters like you could buy it four cents on the dollar.
Well, amc right now has those dollars. So, let's see how this all gets going, but this could be a very interesting story line uh for the competitive nature of amc. Just wanted to share that all with you. Speaking of amc, the short interest is now above 20 they've already borrowed 2.14 million this morning.
Before the market opened we're clocking in 20.66 in terms of gme they've already borrowed 763 000 and the short interest is now even higher at 15.68, both amc and gme have short interest that is skyrocketing now, before we do the technicals of those. Let's take a quick look at the overall market, i'm not too keen on the sense of doing like a hardcore technical breakdown today, because i'm just waiting for 2 p.m. I'm waiting for 2 30, i'm waiting for power hour. That's i want to see the reaction afterwards before that, it's all just jockeying for position and right now, uh the s p 500, a little bit off its all-time high, a little bit off of this clear, like shelf of supply at 470.
471. We're just cruising right here: let's see what happens pretty similar situation with the queues, i'm curious. If we're going to get that gap fill of 392 and then on the russell 2000, the small cap sector has been clearly lagging behind. We have very important support at 213..
I want this to hold if the russell cannot hold 213 to 12. My fear is that it will drag amc with it, because amc is the largest equity within this particular etf. Just so everyone knows specific to amc. Yesterday we had a nice close at 24.50, we're seeing some bullish divergence in the charts.
I want to see a recapture of 25 and ideally a break above 27.. I'm definitely watching the 25 27 levels as my next two levels of resistance and in terms of support. Uh, we obviously want it to stay as high as it possibly can. We have major support around 20. The most recent low was 20 80. in terms of gme. I am looking for this trendline breakout today. That would come around 150 to 60..
So that's what i'm watching there we'd love for tme to get above 150 hold above 150. in terms of prong we're hanging out at 250.. This one uh the volume going a little bit lower. The volatility, definitely going a little bit lower.
Looking for the breakout and hold above three, i'm still happily in that one lucid may be getting its bounce back around ever since november 30th kind of selling off we're looking for a base and a pop from there tesla, i got super lucky with it made two Profitable trades on tesla yesterday uh, i feel, like i shouldn't, be pushing my luck on it. But who knows, let's see what kind of dumb stuff i could possibly get into rivian flat, not much going on. There apple almost becoming a three trillion dollar company. Very, very close, only a couple cents away, but ended up not hitting it.
But today, if the queues look very strong and depending on what the fed does or doesn't say, we might see apple finally hit that three trillion with a t dollar mark nvidia. Very very surprised it didn't gab fell uh. I am still very curious to see if i can get into this one at 267 266. I want to play the gap fill from november 3rd on nvidia.
That's what i'm particularly watching on robin hood. Uh looks like it's going to potentially be gapping down to a new all-time low. Today uh, i had more of a longer form discussion with melissa lee yesterday about robin hood and more of a longer form discussion about the state of retail with charles payne yesterday. Both of those interviews, one with charles payne, one with melissa lee, they both happened yesterday and they, if you want to watch it if you're at all interested, you can see it on the coors light channel, which is in the description of the video just so everyone Knows but um, obviously it's always a privilege to speak with either of them more more than happy to, and i actually really enjoyed those conversations uh, particularly with the melissa lee one.
I was surprised how much time she gave me uh generally, you have to fight for every single minute when you're talking in a one hour show she definitely let me get in some like solid commentary. Um. So definitely super thankful for that in terms of crypto. In general man, it's been, it's been weird lately, so bitcoin not really doing too much, but support support support support.
So we have three bouncings off of 47 000. The bounces are getting a little bit lower. So i want to see that trend kind of reverse we'd love to see the breakout of 49 000 but see it's kind of like the ball, bouncing we're bouncing, lower and lower and lower. So, let's hope we actually get that official trend reversal, uh, avalanche, doing well, bouncing off of 80 and then going up to 91. ethereum hanging out still sub 4000, the ball bouncing lower and lower, and lower and solana. Right now, at 164., this one was hit a little bit more viciously lately because of a ddos attack and people's concerns about the security related to the proof of history consensus model. But i could get into more detail about that in the crypto show. If you're particularly interested in crypto, don't forget, we started an entire new show.
In no way is it taking away from the equity show it's just an entire additional add-on. That's at 2 p.m. Every day it's a quick 20 to 40 minute show of just what is going on in the world of crypto uh, so a little similar to the equity show, but also some very different flavors that happens at 2 p.m. Monday to friday, and in all honesty, the team - and i have not figured out if we should or shouldn't do it on the weekends.
If there is an appetite to do an additional crypto show on the weekends. Obviously we could do it so maybe maybe like a shorter form, one monday to friday and then maybe like a longer form one on sundays - maybe maybe maybe maybe something along those lines, potentially we're just trying to get some of the details figured out. But right now the going schedule for the moon gang for all of us is early in the morning from 9 to 11. We have the opening show then from two to roughly 2 30.
We have the crypto show and then from three to four. We have the power hour, show uh, so it's not taking away from anything. It's just an additional show, especially if you have a particular interest in the world of crypto. That show is definitely definitely geared towards you.
I hope that all of you in here right now, uh, want to check it out today is going to be episode. Three man we've come a far away. I remember back when i was a baby doing episode two, and i remember really when i was a baby baby doing episode. One we've come come such a far away such a far away hood sub 10 will be a buy zone.
I mean the lower and lower it goes it's gon na get i mean it's getting beat up pretty bad. We had an all-time high of 85 and right now, it's trading some 19., robin hood from its high, is down almost 80 percent and over the one year ever since it ipo or made its public debut in late july of this year, it's down over 50 percent Uh so some crazy metrics and then i know especially media they're like trying to always say like we like robin hood, but then hate, amc or gme. Let me give you some metrics related to robin hood and amc. So, over the past month, amc is down 38, while robin hood is down 45 over the from the high.
Until now, amc is down 66, while robin has down 77, but the real separating metric here is on the year. Robin hood is down 50, while amc is still up over a thousand percent. To me, that's the real. The real separating metric is, over the past month kind of beat up uh from their obviously their all-time highs kind of beat up, but on the year it was clearly a way better play to be in the likes of amc or even gme, jimmy's up over 650. On the year um, so it doesn't like compared to what media was telling us of, like oh robin hood, the best thing to slice spread like how could you not be in it um? No, that was actually on all major time frames. Robin hood is in the red on all major time frames. In fact, arguably the only way to make money off of robin hood was to short robin hood. That was like yeah uh.
Can you educate us on treasury bonds and yields um yeah uh? I i guess i can make like a standalone video um, maybe today's a good day. So what i was planning on doing today in the power hour was uh teaching golden crosses and death crosses, but because it is fed day we could talk about treasury bonds and yields today, if that's what you want to do, i think that could be helpful and Appropriate i had to find the stream to. Oh, are people having issues getting served this i don't know, what's going on hey if you are um one way you could help me out, and i just like to do a very quick reminder of this daily uh. If you haven't already, i would greatly greatly appreciate it if we could hit um if you could hit that like button.
If you could destroy that like button, it would be awesome if, before the bell opens, it is 9 26 right now we have about what three and a half minutes if we could have like. I don't know 2500 likes there's about 6500 in here, if you're on rumble same thing, whoever's watching, if you could just completely annihilate that royal rumble button and then on twitch, there's not a like button. But if you are haven't already don't forget to hit that follow button, all that stuff really really helps me out. Uh greatly greatly appreciated just helps get this promoted to other people over the past week or two i've been having very serious issues with youtube.
I mean the streams have been problematic, promotion's been problematic, it's not getting promoted to anyone. People are being unsubscribed when they are swearing on their life that they never hit the unsubscribe button. So i don't know, what's going on, it's very, very frustrating, very, very frustrating and i think if they continue to treat their content creators like this, that's just going to strengthen the case for their competitors, such as what rumble bit shoot, odyssey. Twitch uh you, you just can't keep creating your creators, training your creators like that um, i don't know luke becoming an astronaut.
I appreciate you joining up. You killed it yesterday, talking with melissa thanks for being a positive voice for our movement, shout out devon. I appreciate that i feel privileged to um, like those things are sometimes like. I guess my most nerve-wracking because i know my own thoughts and opinions, but then i know in a certain way i'm representing the ape movement and i obviously want to articulate my words that to the point that it's technically accurate but then also properly representing the apes Mindset the majority of apes mindset and your feelings and your emotions um, so those things i obviously feel honored to be in that position to uh kind of be. I guess, like a representative, face uh truth, social partnership with rumble thoughts. It's a partnership on it. Like i don't know, i'm waiting, i'm waiting, i'm waiting, i'm waiting. I think i want to see how truth social starts to develop because right now they don't have anything.
They don't have users, they don't have growth uh right now. They have a very uh, arguably a good idea, because it's worth what pushing two billion dollars or something along those lines, we i need to see more. I need to see something uh like a true product from truth, social hands down best thumbnail on youtube. Little chunk i'll make sure to pass that on to my thumbnail creator, um.
Actually, everyone, let's drop some, let's drop some applause and some diamond hands in chat um for the thumbnail creator, because i truly believe um - and this is this - is not something i could take credit for. I don't make these thumbnails. These thumbnails are not mine. I am not the artist behind them um.
The artist behind him is obviously highly highly talented uh. So, let's drop some some applause for him, because i truly think they are the best like thumbnails on all media right now like they are every single one cracks me up, they're, so goddamn, funny uh! I love them all, love them all love them. All. Someone said that you can't find me on rumble it's on rumble if you just search matt, coors and then on twitch.
I think i'm at underscore course technically on twitch, but it looks like i'm live there all right. Let's get going ding ding ding, the casino is open on this fed reserve announcement holiday. May the odds be ever in your favor. Let's get, let's get rockin all right, all right, all right all right! Let's do this thing.
Let's see how things are gon na get positioned for the day what up matt? I know it's been crazy, but have you talked with other youtubers, making your own more official ape network, an ape network um? No! No! So i guess like to be straight: no, like that conversation hasn't, i guess really been had of like an entire network. I guess i wonder how that would look of like there's like an official ape network and then we all have certain slots and then like. Maybe we can produce, like i don't know, like a crazy amount of hours of content per day. That's kind of an interesting idea, um, if i'm being completely honest uh. My i guess, like mental and creative energy recently has been trying to like get the details hammered out for the crypto show those types of things like they don't just happen overnight. It takes like quite a bit of time in prep work and a lot of things that happen in the uh back end. That maybe is not so obvious in the front um or like public facing, i should say so. I guess that's kind of where my mind's been at, but i think that's a very interesting idea.
An entire ape network ape work, hey matt, glad to see you talk with melissa, quick question, though, do producers of these shows restrict what you can say and what you can't say um do they restrict like i mean. Obviously, if i go too far off the lines like they're just gon na cut me and you you don't get invited back um, but they've never said you have to have this. Like all the opinions expressed, are my opinions um, i don't write the questions. Obviously i have to, and then this is true also like on fox.
I have to respond to the questions that i'm asked. I don't get to write the questions um, but it's never. It's never ever along the lines of we're gon na ask this question, and this has to be your answer. All the answers are my true like opinionated answers.
Obviously they don't want me like, like just going on like a crazy swearing like cussing rampage and like freaking out like they do have a certain expectation for professionalism, but even if they didn't have that expectation. I would have that expectation on myself anyway, because obviously, at certain points, my voice is representing a community and i want to represent the community. Well, i don't want to be an embarrassment to the community, but no all the everything that i say is my own opinion, but i don't get to form the questions bullish butterfly on the daily chart under the 200 ma uh devin. I don't know what a bullish butterfly is.
I've heard of a butterfly in the world of options. Uh is j-pal speaking at two, no he's speaking at 2 30, but the meeting like results come out at two. So he speaks at 2 30 and then it he speaks at 2 30, but we get results a half hour before that uh honestly with today and the movement and everything um i don't know i i think this is like equivalent to an earnings announcement that we See for a stock where i'm like, i don't really care about the chart the day before, that's kind of how i feel about this today, like i, i don't know how much things really matter. All like i care more about 2 and 2 30 and the results and the market reaction during power hour.
As for now, i guess, like we're kind of sitting, but like whatever does or doesn't happen, can be completely unwound within like a couple minutes after the fed announcement, someone said i'm not live on rumble, i'm pretty sure. I'm live on rumble. There's people watching on rumble right now am i like losing my mind: wolf. Is there a space? Is there kyle high club? Is there uh? I mean it says that people are actively watching it's the same title and everything if you just search matt coors it. It should be there what time is the fed announcement um between 2 and 2 30. sounds, like other people are having issues on the rumble stream um. Does this link not work for you, matt lures, matt lures, the matt lowers all right. Let me get this uh.
Very quickly set up hey if you need free stock right there boom boom boom boom. The link i just posted, if you haven't already sign up sign up, sign up um. I think it's an awesome stock platform, no payment for order flow, no market makers, 75 of your trades, are hitting a lid exchange. The only time they're not hitting a lit exchange is when they have a legal responsibility, because they see that they can get you a better price somewhere else.
It's public. It's only available to you. If you're in the u.s, they don't have options traders. So if you're, not an options trader, not really for you, but when you sign up, you can get up to 70 dollars of free stock.
It is completely free to use, it is commission free and on top of it you can see my account. If you want to see what i'm in check out public someone said: nvidia is rocketing. Nvidia nvidia, you don't say you don't say: nvidia is looking pretty solid. Nvidia's, looking good how's, tesla tesla's, looking good uh all right here is the age old question.
Uh coin flip simulator, all right. We have the coin, flip simulator, all right. Here's how we're going to do it! Heads is yes, tails is no, and the first question of the day is: should matt attempt to day trade tesla today heads is yes, tails is no. Oh, i guess we're not trading tesla.
Today, all right, a follow-up question there would be should matt attempt to day trade nvidia today. No, no! No! No! It's saying interesting, interesting results, thus far. All right, i guess we're staying away from those two. What are my thoughts on hmbl, hmbl, hmbl, humble and fume? A medical distributor, um super low volume.
It's a penny stock on the canadian mark. I just wouldn't trade it. It's not it's doing a very good job of going nowhere. It started treading not too long ago, but the volume is so incredibly light all right.
What are we doing? What are we doing? Uh harmonic patterns - oh oh back to the butterfly, so i've heard of like harmonics, but i i just haven't heard of the butterfly devin. I would have to dive into that. What else i mean, i guess we can. Someone said day, trade hood uh crm.
How is salesforce doing uh potential double bottom. Your risk is pretty well established at 249, 250. um you're, not really you're, almost seeing bullish divergence. It's not really divergence yet, but i'm just curious about this gap and maybe if it starts to swing back up if it starts to swing back up playing that gap film to 264, if you get the break above 270 playing the gap fill up to 284 salesforce. If it gets going, i think there's nice opportunity there. A lot of people have been talking about shopify. Lately, it's an expensive stock for sure, but remember, there's also fractional share trading. You could also just play through the options market.
If you so desire. I'm gon na be watching a little bit. I'm i don't know. Maybe it's a little selfish, but i'd love for it to get back into this zone.
Sub 1200 for an opportunity to really mess around with shopify amc or tex yeah, it's high at 70, 20.7 percent and then also gme is at 15.7. So we are seeing a pattern of amc and jimmy's short interest going quite a bit higher. Quite a bit higher um cootery was asking about uh disney how's disney been doing lately disney had a nice push taking a breather, but right now it is this resistance. From early december potentially becoming support, so let's see if it can base at 148, but with this one you're going to want to see what's going on with the s p 500 for sure for sure for sure for sure all right, let's go back to the russell How's the russell behaving today, the russell getting a little bit hit a little bit hip good job on the interview yesterday.
What do you think about the commentary after you left? I feel like they want to spread fun when you couldn't defend it um, so i don't know like exactly what you're referring to, but i do actually this. I think this is important. So the little bit i heard - and i think this is a good point - that i don't think anyone should like kind of cower away from so after i left the melissa lee one. Their discussion of they're, like hang on this kid referring to me, is bringing up robin hood fundamentals but they're not looking at the fundamentals of amc.
How like why are you picking and choosing, and my answer to that is actually straightforward. I wish they kept me on. So i could have said this piece was. I think fundamentals are incredibly important in fact, a lot of the times when i'm trading a lot of my swing trades, a lot of my long-term investments.
All of my long-term investments have a component that consider the fundamentals now with that being said, do i think amc and jimi are fundamentally overvalued? Yes, i do so. How can i possibly acknowledge that and still be in it and then like really really harping on the fundamentals of something like robinhood? That's a fair question and i think everyone, whether you care about these stocks or you don't that's like, maybe something you should answer for yourself for me. What is the difference? Why do i very much care about the fundamentals of robin hood, but then weigh that? I guess metric so lightly with amc and gme. Well, it happens to be that amc and gme are the symbolic representation of a fight against wall street.
A lot of media is myopically focused exclusively on amc and jimmy and they're attempting to treat it with their same fundamental breakdown. The way they do any other company any other equity, and i think that is a poor understanding of the situation, because amc and gme are very strongly narrative, driven very similar to tesla. You could argue that tesla is fundamentally overvalued, but elon has done a great job at cultivating the narrative at cultivating a very loyal following and amc and jimmy in my humble opinion, encompass that thought process as you're fighting for market transparency and fairness. It's a it's a weird caveat for that fight, and nothing else is like that. Hence why i care more about the fundamentals, because, if you're looking at value fundamentally value could be an aspect of that fight, but right now, amc and jimi are getting additional value from other avenues. Value doesn't have to exclusively come from fundamentals right now. This other type of value, what i would most generically consider to be community support. I don't see robinhood having that.
I weighed these metrics equally across the board and right now robin hood does not have community support, but amc and jimmy have an outstanding amount of community support and at a certain point that has to count in value because value is a very deeply philosophical debate and I would argue: yes, you can get value from fundamentals, and maybe amc and gme are lacking in that category relative to their current market cap, but they have so much value from an absurd ravenous, loyal supporter base, and that has to count for something. And it does count for something, and i know that clearly look at the scoreboard. Amc is up a thousand percent on the year jimmy's up 650 on the year. Obviously, it's being provided value from somewhere, uh, hey man.
Can you peep atd, i'm looking at it as a long-term investment, wouldn't mind your honest opinion? It is the second largest convenience store chain in the world atd atd. Oh, this is a canadian play a atd, so i don't know much about like the fundamentals of this one. It just seems to be somewhat range bound to me, uh you're kind of actually going through like a wyck-off accumulation and distribution cycle. I think scooping some up as close to 46 47 and then thinking of it as a medium to long-term hold but you're, seeing the sell-off the accumulation they're doing it, testing it with this one clubhootville.
It feels like you can map over a very classic wyckoff cycle on to what's going on here. It might take a bit like. I don't think this is going to be the craziest mover in the next week or two, but if you have time, obviously the lower the price you're, lessening your overall risk and then you're holding holding, holding and waiting for the price expansion above 53.. All right, where are we at well um? That's a different stock, h-u-m-b-l-h-u-m-o-h-u-m-b-o uh otc hmbl! Oh it's! I really suggest not trading things on the otc market. If you think that the overall quote-unquote normal market comprised of exchanges such as the new exotics exchange, the nasdaq ix, all that good stuff listed on these legitimate exchanges, you, if you don't think that's regulated enough and if you think crazy things are happening. That is disadvantageous to you as retail you're, going to hate the otc market. The also referred to as the gray market. It is far less regulated.
This stuff is wild. I i stay away from the otc market. If you want to engage with it, i wish you the best of luck. It is just it's just it's it's crazier than the wild west.
I would recommend expressing extreme caution, not only because it's less regulated, but typically, if you're on the otc market, there's good reason for the fact that you're not listed on a legitimate exchange such as, like the nasdaq um. It's a lot of these companies given enough time on the otc market or end up becoming not companies, they they go full thanos mode and they just like disappear into the ether all right, jimmy catching a nice bid right there, a nice bid right there. All right is it 10, i'm just waiting for the 10 a.m to kind of get going, so we can see the i guess, tiblio information in on top of it, the unusual whales, information, happy anniversary, maddie, boomba latte morning apes. Can you check ptpi sending all my love to all of you have the best day ever kinky kong you're, always just a bucket of good vibes? I appreciate that good vibes only folks but matt.
How can you mean that when you always rant and you fight with people in your chat, i don't know i'm trying to be better good vibes only so yesterday ptpi, we looked into it crazy, high short interest. I was saying if it gets back above three. I like that, because you have this supply shelf at three. Finally, getting back above it.
Well, it was just above it watch three be a little bit cautious. There is some bearish divergence in the rsi. The stocks gone higher, the rsi was lower, but then we actually saw the sell-off. I would like to see it confidently, hopefully, on some volume hold above close above that three dollar mark, and i think that makes ptpi a little bit even more interesting, but um does have a pretty considerable short interest, so the russell getting hit the spy getting hit.
Even though the russell's going directly down amc and jimmy are doing their best to fight right now, i mean look at the overall market smoked smoked, um, they're they're attempting to hold on they are attempting to hold on to the best that they can. But it's really difficult when you're fighting these particular headwinds. What's going on with tesla good thing, i didn't trade that it looks like the luck of the coin. Flip had my back lucid.
What was the other one nvidia nvidia hood hood, getting crushed hood, getting very crushed! Hmm hood getting absolutely smoked. I wonder if there's actually play there should matt day trade, robin hood. Yes, whoa whoa things are getting spicy. Things are getting spicy on robin hood. Well folks, the coin said it whether i personally want to or not the the luck above the great influencers of me flipping. A coin said this is this: is your time to shine? Let me see what i can do here. Let's be smart about this. Now that we know we have to do it based on the rules of the game, it's so silly.
This is so. This is silly silly, silly, silly silly silly silly silly, but let's see how it plays out. Oh whoa, oh man, i don't like this one. I don't really see something i particularly like.
I need to be more patient. This is not the time to do this, not the time to do it. I'm waiting, whoa, whoa, whoa whoa. Oh, we got some asshat in chat all right.
Thank you. Uh tch just completely beheaded a uh someone who is inappropriately in here that was crazy. That was crazy, crazy, crazy, crazy, all right! Well, we did it. So what i did was robin hood puts for a day trade, so they expire um.
I did 18 strike price for friday. The average fill was 53 just so everyone knows 53 53, so i got in at 53 and it expires this friday, i'm not particularly in love with this the and why i'm not, even though, like i don't like robin hood at all the issue currently in this Play is buying, puts on it, betting against the stock when it's at a new all-time low, it's no different than buying a stock at an all-time high. So this it's just very quickly becoming gamble, because the way i tell you not to chase which is buying at a high, this is chasing you, you're selling, at a low being bullish out of top or being bearish at a bottom. There's no difference you're both like they're, both you're chasing it's chasing um.
I don't. I didn't. I guess, there's some sort of edge here, because the quarter told me that there was an edge like the just. Whoever runs this whole thing, flip simmy it.
I guess there's some sort of edge on this play so we'll see how it pans out, but um, because i'm not the most in love with this, because it is chasing i'm going to set a very small price or profit target very small profit target. Let's see how this plans out um, what would ten percent be? Five cents, five point: three cents: five point: three cents is 58, so 59, so we'll just get out at 60.. Let's see how this pans out. Let's see how it goes.
Of course it catches a bit just my luck. Just my luck! Hmm. Why can't i oh here we go, got it sell to close and then what did i say: 60 cents, i'm putting the order in. I don't want to be crazy.
Greedy with this play all right, it's pending, so i'm not going to mess with that one not going to mess with that one at all, or should i you never know you never ever know hey matt. I know you have a checklist for a short squeeze potential. How does amc look right now with that criteria list thanks for your knowledge, so that is actually kind of a different list that was like the whole like like amc and jimmy were never really in on that particular list that play for, like, i guess, lack of A better word was referred to as like a um man like what would be the best way to explain that, like in ftd short squeeze. Basically, people realize that there was an opportunity to play the world of things on the threshold list, so amc and jimmy were different once again because of like just their connection to what happened in june in january. The buy button um so that that criterion was kind of a difference type of a play, but if you were to apply that to amc and gme right now, neither of them are on the threshold list at this moment in time. We're not seeing that gigantic spike. In ftds, like we've previously seen so they actually wouldn't pass that just because it's not a threshold list type of a play. Can you see? Expiration dates for shorts on ortex are the same shorts from the start of the year.
Still in and refusing to cover or if so, shouldn't there be sanctions forcing them to cover shorts. Don't have expiration dates, that's an options play but remember options don't have an impact on the short interest ratings if you're a short and you're paying your cost to borrow, and the original owner is not trying to get out of your position. You can hold your short until you run out of money or until the original owner's like hey, i need those shares back. Uh, shorts, don't expire and in terms of knowing who's covering of like oh did short a who got in on this date.
Get out on this date, it's not specific, like that, and the same thing with being long like just because someone bought a lot of shares. It's not like you have that information unless they like choose to share it with you of like that long got in on this date. They got out on this date, there's not that type of detailed information and in terms of, if so shouldn't there be some sanctions forcing them to cover uh. I don't agree with that like if there were sanctions for that for shorts to cover.
There would also be sanctions that force longs to get out like under. Like i don't think i don't want sanctions, i want as much of a a free market for there to be like. I don't think there should be sanctions um, as long as people are playing by the rules of the game and not like scurrying through certain issues by like taking advantage of various loopholes, i want it to be represented as a free market. I want there to be accurate supply.
I want there to be accurate demand. I want there to be accurate price discovery and as soon as you're, putting sanctions on bulls and bears well now you're getting farther away from a legitimate free market. Is there payment for order flow and options, there's actually even more payment for order flow and options than there is for equities uh a lot like people like people, as in people? I'm saying like market makers when you're talking about payment for order flow and like their profits, they make quite a bit more on options than they do for equities, all right, amc and jimmy waking up. I like that. I like that quite a bit all right, amc's volume, currently 8.4 mil gme is currently 318 000.. Can you please take a look at avct? It looks like it could be more of a very nice long hole. They are debt, free, no risk of offering partnership potential. Buyout and strong future um nate, i would like have to take a deeper dive into it like right now.
I could take a look at its chart for you, but fundamentals uh usually take a bit more um. My my concern is like if it's so obviously like a good long-term play then like. Why are people not buying it like? Why has it just been selling off since, like literally all year, i just see lower highs, lower lows, so i would just say, like okay, like make sure you're, definitely like checking into what's going on and also from a technical perspective. You have two gaps.
You have a gap at 111 and then you have a gap all the way up to 154. So from a technical perspective, i would be watching those two gaps, but i don't know if i would so um quickly say yeah. This is like an amazing long-term thing. Like it sounds like, it just needs like more of a deep dive of what the hell is going on there right.
We speaking of technicals. Look at this. It ran perfectly up to this level. This volume shelf this supply shelf.
I should really say: let's see if it gets going um if jimmy remains strong here. I think that really bodes well for amc actually getting above this 24 25 level. Roughly did any shorts cover for amc today, there's no way to know you're, always working on a two-day delay because of the two-day settlement cycle. So, for example, yesterday amc traded, 106 million and a big question is: was that shorts covering or was it just people buying? We, the earliest, we could possibly know that answer is tomorrow, as it relates to the action yesterday.
There's simply just not a way to know it's, it's just two days settlement. I guess you could know if you're the person at the hedge fund or the institution or the firm or the retail who's short and you're, like i'm gon na cover um. Maybe in that scenario you would know but like in terms of us, is it like publicly expressed? You don't know that for the earliest two days and they can actually wait um there's a way they can kick it down. They can down the road a little bit longer cup and handle to break 25 run to 30 cool off coming, handle break to 25 run to 33 cool off drake.
I would love for that to play out. I would love for it, love for it so who covered three days ago, uh you're, never really gon na particularly know the who, but as of now, only 10 000 shares were returned so three days ago, apparently not many um. I mean obviously we're only 31 minutes into the day, so it's kind of more important to look at the number closer to 4 pm. But as of now, there are not many shares being returned. How's, the robin hood, put look. I almost got a fill, so i got in at 53 cents and i'm trying to get out at 60 cents, which would be just over a 10 gain and actually right now by that little pop, i'm back to break even it got up to 58. I was super close to getting a fill, but time right now, i'm just break. Even can you take a look at matterport mttr? They are releasing public warrants today, but i honestly do not understand what that means.
So warrants are another way to there's a lot of overlap with options you're going to have expiration dates, but options are typically a shorter time frame, while warrants can be like five years is probably the common one um the difference with the big difference you have expiration Dates, you have strike prices. There is quite a bit of terminology overlap, but a key difference is that options are not going to impact the outstanding share count, but when warrants are exercised, they do so. Options are like a public market type of a deal. Well, warrants are actually commonly not all the time being offered from the company itself and in a certain way, like they're, going to end up raising money, so there's different fundamental implications for the the company.
The equity like it as a stock of warrants versus options. But there is still that overlap with expiration dates, strike prices, all that good jazz so warrants they will, if exercised, they do raise the share count and they're. Attempting to raise more money by selling said warrants right here. I've seen scenarios involving warrants go very very well.
Pretty full of your self lately. still like you but your ego has defiantly grown. Its ok you're young and no nothing about life. You will continue to grow young denial son. this is directed towards how you project your self not your actual DD if that makes sense.
So everyoneβs admitting to losing money now?
Iβm a bag holder . I admit it finally
Whatβs with stupid music ? Yea yea hype hype that FED day! Talk in a high pitched voice and make killing your cat a good thingπ€£π€£π€£π€£π€£π€£π€£π€£π€£π€£ππ»ππ»π€£π€£
Do you still hold amc shares dude?
You only lose if you sell.
What was the short interest before the June squeeze happened`? 16.25% doesn't seem to be that much to get the stock up and high again.
I guess we all gonna lose money on amc…life goes on
Anyone know why DESO went up 250 MILLION% yesterday?