Ain't Snow Rest For The Wicked
AMC, GME, LCID, NVDA, TSLA, BTC, ETH, SOL & SHIB
Dumb Money w/ Matt Ep. 188
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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. 188
Want better Stock trading?
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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
Uh, oh so hello, hello, we're back at it again. It is tuesday december 21st and we are back at it. Looking at what's going on in the stonk market, and it's things are looking pretty green. Things are looking very, very green.
The s p 500, the nasdaq 100, the russell 2000 all gapping up and then, of course, there seems to be a reinvigorated interest going across the world of amc, jimi, meme sucks we're even seeing crypto getting a bounce we'll be talking all about that. I'm already singing in chat a lot of people excited about. What's going on with the ortex and the ortex signals i'll, be explaining all that uh some important signals, as we relate really to amc, but even gme ones, firing off yesterday, so we'll be going into those. What those do and don't mean, because i'm already seeing like an entire host of misinformation going on about these like types of signals, so we'll be diving into that, we'll be diving into a little bit of crypto.
But i have some special things planned for the crypto stream and really we're going to be trying to wrap our heads around what's going on in the overall market. Because - and there was some panic - there was some fear - was it justified? Was it not justified, but now things are already bouncing back, looking pretty nice. So with all that being said, let's get right into it all right. So, as you can see green and green and green and green, and when you're tired of green, we already have a little bit more green.
So here are the things you need to know. Wall street looks to break major three day losing streak. Well, let's take a look at the s: p. 500.
Yesterday we closed at 455. Today we're gapping up to 459 about one percent, a little bit less than a one percent gap up up 0.9, probably going for this well we're actually gapping above we're gapping. Above yesterday's gap, so it's like a whole weird scenario: gap down gap back up so a little bit there, but weird action, definitely weird action, but i think at first on the highest level, there was renewed concern about what in the world is happening with the newest Variant going through the globe going through the u.s and whenever it comes to the market, people don't like unknowns, and it didn't also help that the entire buildback better seem to be completely ko'd by mansion himself. But, as you can see similar reactions in the nasdaq 100, we argue.
Excuse me, ah man, let's get some tea in there. I don't think kelly ripa would do this. Kelly ripple would be better hang on one. Second, we could adjust it.
We want to get that entire santa hat in frame. My apologies, i'm not used to wearing a a santa hat. This often, oh, that's some good green tea. Yes, we are back to shilling for the green tea industry anyway.
The nasdaq 100 also gapping up about four dollars and then the russell gapping up about a dollar and a half roughly but across the three major indices. Pre-Market is looking pretty strong and i think things are over the past three days. The renewed fears about the unicorn variant and then on top of the build back better, that roughly two trillion dollar package probably dead in the water, but they actually might be doing a vote on it anyway, which is kind of interesting key market indicator, shows latest sell-off. Could result in a rally to new highs according to oppenheimer they're, looking at some fancy, schmancy things and just historically how this is played out and they're, looking at some ratios between being pessimistic, optimistic and they're, saying that actually it didn't get really beaten down that much And this was just like a classic healthy correction and it's their opinion that the dip should be bought. This knee-jerk reaction to the rona unicorn risks and uncertainty around the federal reserve policy has normalized technology, bank, energy and healthcare stock valuations, so actually kind of arguing that the lofty valuations right now are maybe not that lofty and potentially like in line with. What's going on assuming unicorn continues in the path that it's continuing and the fed isn't doing anything drastic with rates. We've definitely look at this as a buying opportunity. Frankly, the markets have moved up so far so fast that a pullback was going to happen anyway.
Like i was saying a healthy correction, but i would say the major concern right now is not the federal reserve and honestly, it seems like the market's not reacting like insane like in an insane fashion, to the buildback better plan kind of getting pushed most likely to January, most likely a weird version of it because remember it's kind of dead in the water in the senate, referring to the bbb plan uh, because we have 50, 50, 50 split and mansion who is on the democratic side doesn't seem like he's playing ball, but he Has said that he likes certain parts of it, so we might just be seeing like a whole new version that actually ends up getting past, but word on the street is the political street up there on capitol hill that they actually will do a vote anyway. It seems like kind of like a weird, i suppose, like social fu, that they want him to publicly vote, no against it anyway, just so it's like officially there, but with all that being said, i still think the main concern is the uptick in current new cases. Fortunately, the death rate is low. That is obviously very, very good silver lining in this situation, but the rate of infected people is jumping considerably is, and as of, i think, is it the next one about 73, according to the cdc, is from the new variant, but before we get into that, the White house will deploy a thousand military medical personnel to support hospitals facing a surge of patients infected with the rona and they're, also looking to send 500 million at home test americans and that will be looking at the beginning of january.
So the cdc director says initial rhona shots may not be enough as the unicorn rapidly sweeps the nation um, it's pretty much. That's there's! No more! You really need to dive into because the numbers right now are coming in around 73 percent and it is some people's opinion. According to this doctor, from the cdc that to help battle this 73 percent, the booster shot, namely the modernity and pfizer one - is uh very helpful in battling. What's going on now, circling back to the important, but in my opinion, not so impactful aspect of. What's going on with mansion and bbb uh senate plans, uh january vote on bb bbb, despite mansion opposition, it's exactly that. So it's this 1.75 trillion social safety net and climate policy legislation mansion is against it, which is kind of abnormal, because he is worried about inflation. He's worried about adding to the nation's debt, and he also thinks that, what's being called for in the legislation cannot currently be met by technology with all that being said, it's not like he dislikes all of it. He just dislikes enough of it apparently to vote no, and he also has been having all these squabbles with the president so kind of a weird situation there.
It sounds like we will be getting some sort of january vote and it sounds like if not much changes. The vote will be a no vote, but if they alter it do something there, maybe they will push it through and now, just because it's here - and this is a wild story - i remember covering this in 20. 20. 20..
In fact, if you find my nicola video, that was like my first youtube video that i got like a decent amount of dislikes. It was my like mom. I made it type of a moment and nicola at that point in like nicola in 2020. If you don't know much about nicola, it is a eevee play and their previous leader trevor milton.
He basically just got everyone to lie uh. He basically made it seem like they had a product, they didn't actually have, and then hindenburg came out with all this research about how he was lying, how they knew that he was lying. It was this insane crazy thing and i just made a video saying: hey like maybe we shouldn't have nicola, but at that point in time, so many people, so many people like love nicola they were, they were bamboozled by this milton guy, so they had their money At play, when you have your money at play, no one likes to hear the other side of maybe why you shouldn't do it. So i remember particularly at this point.
It probably was like a year and a half ago, like mid-2020, that i made this nicola video kind of pointing out of like hey, you might want to avoid it well, the other shoe has dropped a while ago, but now, like imagine, picking up a whole nother Shoe and then dropping that that's kind of currently the scenario sec cracks down on spat claims as electric truck maker nikola agrees to pay 125 million to settle fraud, charges and that's exactly what it was was a fraud and unfortunately, milton is out of the way and, Like i feel bad for it because, like maybe now, they have like a well-running legitimate company and it's just everyone whenever you're here nicola, like you're gon na think about what happened and how they got clearly accused and proven of fraud. Electric truck maker nikola has agreed to pay the sec commission 125 million to settle charges that it defrauded investors. My question on this is that 125 mill? Does it just stop at the sec, or does the sec actually send it to the shareholders of the stock? At that time, i i hope it goes to the shareholders at that time who were negatively impacted on the situation, but i also wouldn't be surprised if the sec just takes it and they're like okay cool thanks sec officials said they hope the penalty would serve as A warning to all companies hoping to enter public markets via a special purpose acquisition, company or spac. We've talked about spax a lot. It's a blank check company. Basically, this company does all the paperwork to be publicly traded. Then they buy all or a portion of equity. In a private company, essentially bringing it to the public market, it gained a lot of traction in 2020, this methodology of going public and there are like you most commonly heard of ipos, but then there's also direct links, things spec, it's just.
It was a big fad in 2020, then it kind of died out and now it seems like we're. Hearing more and more go public through respect like once again, nikola was one of the least four electric vehicle startups under investigation by federal agencies. About potentially misleading investors is this a typo right here was one of that lease for no at least four. I wonder who the other ev specs were.
Is it in here nicola? The others include lucid lord sound motors and canoe, so the lucid one that was actually announced um within the past two weeks, lordstown motors, their ticker signal is ride and they're tied up with workhorse workhorses another one in 2020 that that was a whole thing. A lot of workhorse supporters and then it ended up not getting the usps contract and the stock price like completely tanked and then canoe. I don't know particularly what canoe i don't know. If i've read that story of why they're being investigated i'll, definitely look into that and see if there's anything interesting going on so before we get into the specifics of amc and gme and ortex, i do now that we're looking at the overall market, the spy, the Queue is looking very, very strong, so is crypto.
Finally, we're getting a little bit of a bounce, and i'm gon na feel a little bit more confident if btc can get above and hold above 50 000. similar, i would say about four thousand either one hundred two hundred on ethereum. It's just we've been in this weird wedge: lower highs, lower lows, but really trying to hold it out at forty seven, i'm looking for a break above and a hold around forty nine and a half, or just straight up: 50 000. uh avalanche still. Looking very strong. We've been talking like i mean i've, obviously not financial advice. I was telling you how i thought it was a great opportunity to get in as close to 80 as possible. I was a little bit late and i was a little bit undersized because i was a little bit late, but i'm still very very happy with my avalanche right now and even solana.
Getting a nice bounce solana was more so hit down. Yes, because of like some of the headwinds in the overall crypto market, but they also suffered a ddos attack which brought into scrutiny the security of the proof of history consensus model, but i'm not too worried. I'm holding on to all of my solana, i'm holding holding, holding looking for this to hopefully bounce back to its all-time high and really fingers crossed that we're seeing that across the entire crypto sector. Speaking of crypto and i'll go into more detail with this in the crypto stream and really crypto in general bitcoin will replace the dollar according to jack dorsey.
I love these stories so cardi b, who is currently using the picture of the guy from you and they've. Like flipped pictures, but it is actually cardi b asked: do you think crypto is going to replace the dollar and jack dorsey formerly from twitter? Now working at square, which has been renamed block, says yes, bitcoin will uh so interesting exchange that we have on twitter? It seems like we don't really go a day without, i guess noteworthy things going down on twitter. I find it strange, but yep always entertaining so. Let's set the scene for amc and jimmy for today.
As of now, amc has an estimated short interest of 20.24 and gme has an estimated short interest of 17 um a couple things. I want to say here about this and let me quickly bring up amc just so we can see it. We have a nice turn back around i'm currently watching 3125. That's definitely a level of interest to me and in terms of gme, i'm watching 168, currently trading at 158, so both of them definitely starting to show signs of buyers.
People are scooping it up, they're, getting it on the discount. The question is: how long can the momentum actually remain, but with it i find this kind of interesting. So yesterday we covered this that amc on ortex. They fired off a short squeeze signal.
A signal was generated based on the recent price increase and the high shorting levels in amc, and then that was a type 2 short and then today, there's another one. A type 3 was generated in amc today, in addition to yesterday's type 2 uh. Obviously, this is based on historical performance and not investment advice, and i'm already seeing a lot of people have questions about this, so i just figured it'd be easier to cover it live. Where are the trading signals right here? Okay, so, as you can see, type 2 type 3., what does this mean? Well first, when you see these signals, the best way to think about it and we'll look at jmu's as well. The best way you can think of it is they're just telling you that there's an edge based on the current data. One we've seen this pattern before we think there's an edge to play it this way, whether up or down so obviously, before they've fired a cell signal they fired by signals. It's always just looking at the current data and seeing if the current pattern overlaps with the previous one and you're looking for the edge in a situation. By no means is it a guarantee, so this one they're naming it because what they're saying is like? Oh wait.
This actually might prompt a short squeeze and then a completely different one is prompting a different, a different short squeeze. If you dive into their documentation, there is no difference between type 2 and type 3 when you're thinking of it in terms of severity, it just means a different type: type 1, isn't better or worse than type 2, isn't better or worse than type 30. It's just a different one. It means that they're looking at a different type of pattern, and right now they see two distinct patterns that they are saying, there's a statistical edge for a short squeeze, but it means that they're looking at different things, there is no range of gradient that relates to A range of severity at all type, two or three isn't better than one or anything like that, it's literally just a different type and they call it type one type, two and type three just for them really to know that.
Oh it's like a type two type. Three, they just think of it as like a different bucket, i'm already seeing on this. This twitter thread everyone's like. Oh, it's, the severity type.
Three is like the best one: it's not that at all um. You could, in a certain sense, look at the best one to see it's like mean return, but then you'd have to check all the types against each other, but to simply just be like. Oh one is better or worse than two is better or worse than three. That's not how ortex is really presenting the data.
So to me i'm looking at it is. This is even better. Like exclusionary of the type two type three argument, we have two distinct signals where they're saying there's an edge to being bullish right now, when you really boil it down, i think that's the easiest way to consume this information. Two distinct signals telling you to be bullish, not in conflict with each other.
So, let's see how it plays out now for the one that fired uh the other day, that's a 10 day recommended obviously recommended you do what's best for you and then the other one is the two day and that's when they're looking for the return to come To fruition, so basically what i'm hearing the way i would interpret this is for the remainder of the calendar year. Ortex is arguing that the current data set is supportive of a bullish, thesis, a bullish stance and, let's take a quick look also at gmes just so. We can see that that gamestop also had one fire, and that's just why i want to bring it up uh, so they had two different ones. So, obviously, as you've seen, they have a short squeezed one, but they also have various rsi ones. They have various macd ones and gamestop just got a macd one to fire same thing, so it fired on the same day same recommended holding. But once again they were looking at a different bucket of information to get that particular edge prediction, so both amc and gamestop. According to ortex, within the past, two training days have had some bullish signals come across so exciting. Let's see if it comes, let's see if it becomes a reality.
Obviously it's not guaranteed they're, not a financial advisor they're, just doing the buns to be fancy. Schmancy crunch the data in the back end and then present it to you. Another note i want to have about ortex is, i guess i find this particularly strange and maybe because it's my background of always working with data and appreciating data and using a lot of data for my trading and in a certain sense. I find it interesting because people have these connotations related to or text of like if it fires short squeeze signals and if the short interest goes up, everyone loves ortex and they're like this is great.
We love the platform, but on the flip side, if they're not firing signals and, more importantly, if they show that the short interest is dropping, they hate ortex and they think that vortex is lying and ortex is like uh paid off by ken griffin and they're. Just like a shill and that that's just so weird coming from like a stem background or for anyone who's using data to trade, like you can't appreciate the validity, i suppose, of data, if it's supporting your confirmation bias, but then, if it goes against, you like nah, That platform sucks you either kind of have to use it like across the entire board, or not use it at all. You can't like nitpick it, which i find it like weird. I guess i find a lot of interesting aspects about like the psychology of what's going on, but you see a little bit of confirmation bias in play there.
If it's supportive. Yes, everyone loves it, but if it's not supportive, all of a sudden, it's just not valid. They don't know what they're talking about. They should never have done this anyway and they're like accused of being bought off by ken griffin, which is definitely very very interesting, but overall i like gore-tex, i'm a fan of vortex it.
I find it to be incredibly useful and right now it is definitely showing some interesting signals for both amc and gme, and if you want to follow them on twitter, just at or text you can see when they're posting um some updates. You can see when they're posting new signals you can see when they're posting some clarification, all very, very good stuff. Now let me just get back to the short interest on both of these uh. Could i just do it up top here shorts? Oh, you can very cool, very cool. I didn't realize you could do it that way, all right so now that we're prepped up for the day overall, the market taking a nice bounce, let's see if it can actually hold that, hopefully people are shrugging off the concerns of the unknown aspects of the variant. That's now, apparently, accounting for 73 percent of the newest cases within the u.s. It seems like amc and jimmy have been strong in pre-market. We know they've been strong over the past couple training days.
So, let's see if they continue and then obviously with crypto we're looking for this green to stay in green we've had enough red for this holiday season. I want to see a little bit more green to just balance some things out and with that being said, there's about eight minutes left. I would love to turn it all over to you. So whatever questions you have, let's let it fire just googled it before.
It goes to the sec scholarship fund. Why wouldn't it go to the investors who were negatively impacted by the liar? You should turn your thumbnails into an nft all right, the one today the sledding one will start the auction at a dollar. Let me know if anyone wants it and if not i'll awkwardly have to drop it, but the current auction for today's nft is one dollar. I'd have to turn it into an nft, but how about this, the owner of the nft will be will get lifetime access to the discord, whoever the current owner is, so you could sell it if you want yeah, whoever owns the nft gets lifetime access like it.
That is your golden ticket to a lifetime. Access um, we'll have to make it in nft someone just bid 69. connor g, it's up to 69.. So in all right the bid is currently up to 69.69.
Can anyone beat 69.69 john p bet uh a hundred 200 cody simmons is up to 200.. I don't know if these are like legitimate bids or not we're just gon na have to put it up and see. That's what we'll do i'll figure out how to do it in the midday session, and i will put up that one i'll figure it out i'll figure it out. 69K.
All right, we'll put it up. I won't see what it goes for. We'll have to take care of that later. All right, this doesn't make sense a million synthetic dollars any thoughts on apple, let's check out apple apple, apple, apple, apple, apple, apple, yeah.
To me, i think it's going to be kind of rocking with the cues in the spy, but this bounce back, i'm particularly interested in the area of 172 to 173.. If you can clear 173, i think there's a good shot of returning to the high 170s and potentially maybe even testing that 3 trillion aka all-time high level. But i want to see it clear, clear. The 173 mark i'll give you 69 million for it right now.
Only take bids from subs just a thought. Well, everyone commenting right now is a sub uh to be to be able to chat, you have to be a sub uh. What is the three trill strike price on apple? I have some calls expiring at the end of the month. It's right between 182 and 183, like 182, like 60 right around there cootery there's someone talk about yesterday. The short positions have been reported on the latest 13f that have been filed. Have you heard this being a new requirement? No uh? I don't think that i haven't heard that i'd be really really surprised, really surprised, uh, no to be a sub. You don't have to pay a paying sub. No uh, there's subs are not a paid thing on youtube.
Subs you just it's free! You just hit the sub button and to be able to chat on youtube. You have to sub, as you could tell if you're chatting right now, you're you're, probably not paying subs on twitch, are a little bit different. So subs on twitch to my understanding, are equivalent to memberships on youtube. So, just a little bit of naming issues, uh, not a hedge fund, i bid 69 tulips shout out man.
Sometimes i unsubscribe, so i can sub twice all right. Let's get ready with this market today, let's get ready. Let's get ready, we're rocking we're rocking we're rocking uh. Would you take one declaration of independence for it asking for a friend, i'd, take i'd, take one declaration of independence, totally not kenny g.
What's the current s i uh so for amc it is 20 percent and for gme to 17. Someone is asking for the ortex numbers on bbig happy to give them to you. Bbig uh 21 on bbig this morning, so in in the same zone in the same zone. What is this one? Today we saw the second one ramsey, let's retweet, that all right, let's get rocking today shout out twitch fam.
I already see some people gambling did they win? Oh, they did win gingerbread man 7-10. He won and we don't have gambling yet. But hopefully i wonder that would be awesome if they roll that out. On rumble, someone said: tesla a buy how's tesla, looking tesla very beaten down, so it filled this gap and now it actually has a gap.
It has a different gap to the top side down because it's coming in about 15 hotter um. I actually think tesla's in kind of a nice zone if you're willing to risk 894. if you're, okay with risking that 890, whatever this low was from yesterday 893.39, if you're, okay, risking, that you might be playing kind of this bounce back, um how's, lucid, looking loosens Up a little bit with apple and tesla and microsoft and nvidia, i think the thing you're really going to want to track is the cues like is the overall market. Turning back around is what that's, why we're watching the spy and the q's? Just because, clearly, that's been leading the way for just so many different equities.
All right, let me drop to the one minute across the board cool cool. Let's get going, ding ding ding, the casino is open. Let's get after it! Folks, let's see what the market gods are going to bring us today, what kind of volatility and action we can actually see. I just want to have a little bit of an idea of how crypto's playing out all right all right, all right, all right, nope, don't need that all right! We have some crypto right over here question for all of you. So if you've checked out the crypto stream, that overlay do you want um us to do a similar kind of revamp of this overlay um, it's a little bit of a darker theme, and i don't know i i i kind of like. I guess i'm a little bit more biased to like a darker theme, things because i think it's easier on your eyes, but um we were just trying to yeah new overlay, but like like. Do you prefer the darker aspect? I feel like it's easier because sometimes like when you have too many like white screens your eyes get like way too. I don't know it's painful in your eyes.
Do you use the vix to play off volatility uh, so vixx is tracking the volatility. The s p. 500, but if i were to play it, i'd, probably look at like: u v x y, i will deliver you kenny's goldfish, for it, oh back for the either way. What's that, one for either the constitution or the nft, all right, gamestop really not moving too much.
This morning, so what is moving tesla going the other way, maybe quickly trying to get that gap fill. I wonder if tesla would just quickly tag 900., just a little tap just a little taparoo tap tap tap a little tap tap tappy loosen having a good morning. If i had free capital right now, i'd probably try to scoop up tesla at 900 if it hits. I don't know.
If we'll have that opportunity james, could you check out my set on openc football? Inspired just wanted your opinion, not promotion new to this one love. You maddie sports and stuff on open seat. Let me check it out sports and stuff uh. I am definitely by no means like a nft expert guru.
I know a lot of people make a lot of money on it, but let's check it out. I just kind of just i'm like oh, that looks cool, so i'm seeing one football with a red jersey and uh like kind of a golden ish like a pretty cool looking football, i mean. I think this is impressive. I think you're.
If you made this, i think you're, a pretty talented artist. Does that necessarily convert to like a high price tag? Nft. I am not the person to ask about that. I own some nfts and i'm learning about it a little bit more um, but man man.
Oh man, there's just so much more. I need to learn, i think it looks good. I think a football fan would enjoy it, but i just don't really know how some of these ones don't get sold and then other ones have an insanely high valuation. Amc type.
3 short squeeze signal: let's talk about it atomic jack, i kind of did like a full breakdown of it before the market opened and if you want um just because it seems to be like i can make like a quick two. Three minute, video, like a standalone vod upload, if you guys want uh atomic jack, the the signal fired before like they like uh ortex, had already like tweeted about it. Money laundering has no rhyme or reason yeah. Okay, i could do a quick just like a quick breakdown of it and like get it uploaded like midday, something like that magic potato. I, like your short vids, hey, that's very kind of you. Uh, please make one for unusual whales. Uh unusual whales doesn't have that, like short, like types of short signal squeezes, i don't believe unless i'm completely missing something, i don't think they have that i i more so use unusual whales. I don't really use unusual whales like for short information.
I use unusual whales and tiblio for options, information and then i use ortex for fundamentals such as like outstanding, share count and also like short interest, so the metrics related to the company i use ortex for whales. I use unusual whales to see where the big money's going and then for ideas to see where, like maybe there's stocks that i haven't been paying attention to. Maybe there's like some secret runners that i just haven't heard of that's what i use tiblio for check out. My nfts on wearable tony, please, let me know what you think all right.
This is unrearable, i think so now so many um, so open c to my understanding is hyper, dominant hyper dominant in the world of nfts. That is the marketplace, but obviously wearable is getting a little bit more popular shopify is rocking with its nft platform, or it's getting rolling with it. We even have coinbase and then also ftx um, so it seems like the entire. I guess like that business uh, open c, clearly dominant right now to the tune of 95 plus percent of nfts are sold on openc, but uh we see competition coming out everywhere.
Can i look at sopa, so sopa was one that was running yesterday um. I don't necessarily i'm not seeing any like continued action this morning had kind of an interesting like. I think this was the move like in here. Maybe if you caught it at 7 15 and wrote it up uh, it might continue today, but what i'm seeing on the chart like i'm, not seeing anything yet, but we're also only seven minutes into the day.
All right, wearable hang on. Let me check out these ones: rare uh, all right, amf, airsoft, oh, and just now that we're talking about, i don't know art uh tony. I went to wearable and when i searched that name, nothing comes up just so you know: ownership equals raffles and prizes and discourses will be 64. Total owners equals raffle and prizes and discord.
There will be oh okay. I like that, a little bit of utility there um, but if you are on twitch, be on the lookout for a dm, which i think is referred to as a whisper today from me or mod, where we need to get people's information to send the like moon Gang pokemon cards so be on the lookout for a dm slash, twister whisper right, they're called whispers, a dm slash whisper. Why are they called whispers? Why can't? They just be called dms um, but if you were a winner of the marbles race, we can definitely get your information and get it sent out. Asap, asap, um amc, looking solid, i am watching 3125 tesla having a good day, uh gme. Actually out of my list. One of those weird flips, where it's actually the only red one, so if that starts get if it gets moving, i'm more than happy to keep it up. What else is moving today? Uh how's nvidia doing not the best how's apple, doing everything's kind of looking just like the q's spy. Looking strong, looking strong, strong, strong amc, i'm just kind of watching it.
Yesterday we had this level mapped out at 30, 70, but above 30, 70. Definitely just gon na straight up. Watch 31.25, tony tony, the tiger uh just see like i mean i guess tony when i put it in here, oh wait. I think i did okay, four followers.
Let me check, i think i got it now inception. Tony the tiger mta adrift, i like how the tony one of the actual tiger is like animated. Here, that's pretty cool. Oh wait actually are almost all of yours animated.
They are they're all doing a little bit of movement. That's pretty cool, pretty cool, pretty cool vv marketplace for the best nft platform. Take a look. I actually downloaded that i isn't that a little bit more related, hang on amc's, making it's hopefully making its test 3125.
Is the next breakout level to pay attention to anywho um vv, that's a little bit more for like action, heroes right like like there's, maybe some marvel characters, something along those. I downloaded the app and i was messing around with it, but did they expand into like a different type as well sava halted due to news? Can you check it out sava so probably some sort of announcement coming in? Oh, it halted before pre-market yeah, if maybe on their twitter or something they'll. Maybe you can catch an inkling of what the news is related to, but probably i don't know maybe previously they were accused of like presenting faulty information and they kind of disproved it. So it might relate to that sava has some interesting gaps that could be filled but um with it.
You never know how long the news is going to take it's not necessarily like just a 5 or 10 or 15 minute halt. So you just have to wait for the news to come out: tesla tesla, tesla, tesla, tesla, tesler uh. You need to stop like why do people think that spamming's not gon na get them in trouble? Uh deal with bank in new jersey, new short interest, high short squeeze. If people buy it having a solid day, it actually have a high short interest bkkt.
I know this is like a crypto platform. Wasn't this one previously known as like vih uh short interest is 27 um has a gap at 12 16, but it's also been really beaten up, which means you have quite a few bag holders as people see it coming back up, they might just be like you Know what i'm break, even so, i think b, k kkt. It would have to develop quite a bit of momentum, so the qs and the spy getting hit tesla looking strong amc, looking solid, very solid 3125 is what i'm particularly watching and why i'm watching. That is exactly because of this resistance resistance, resistance, um hope we might end up setting up like an inverse head and shoulder situation, and what i mean by that is you have shoulders, you have a head and then you have potentially another shoulder. Maybe obviously it doesn't have to play out that way, but shoulder head shoulder, maybe it's not even going to make that maybe just gets above this um. So that's why i'm watching 3125, because if it hits it, then i'm like okay, maybe a little bit of a retraction. We create the other shoulder and go from there or it breaks it holds and it just rips from there and we're not even looking at this technical structure. Potential potential potential outcome time will tell the fact how's the russell holding up today.
Amc is doing very well relative to the overall market. I mean the queues are getting hit right now, the spy's getting hit, and this is kind of what we saw the day after the fed announcement. So it was a great day. The pre-market was awesome and then, like the actual trading day, like it left a lot to be desired.
How come it feels like rsi, goes oversold slower on big down moves and goes overbought faster on a three percent move, bad way to think about rsi. Yes, that is um, not how i would personally think about it. Rsi is like a mathematical. It's a rsi is going to be taking into account most likely.
The most like the most recent 10 and or 14 bars are the most common ones. So it's always just going to be a mathematical like equation of those like there's, not really matte like uh, necessarily like a feel to it like you could go and compute the rsi yourself, but you're. Looking at the most recent chunk of vars and you're. Looking at whether they're green or red and then the size of each bar and then that's what's used to compute the rsi, so it's not like it behaves differently going down or up in terms of the extreme nature of it.
It's just they're like it's just going to be like the opposite nature. If it's a red bar you just it's a minus opposed to a plus, then it's not like green bars are counted differently than red they're, just like going to be inverse. If they have the exact same percentage, move on that particular bar all right, we got above that 3125 amc with that nice pop we're at 31, 34 right now check mu mu. What's going on with mu nice gap up micron technology, with a beautiful 9.5 gap up still green? Is this no not an all-time high, but trying to break out of 90 if it gets above 90, i would be watching 97 mu having a good day.
I personally wouldn't chase this gap because it was like you're just chasing in earnings, so not my style, but if you're already in it ride that out crush it crush it crush it crush it tesla giving up its gains. Maybe seeing that 900 mark, maybe maybe maybe depends what's going on with the cues. The queues are bleeding this morning, how's amd doing how's, nvidia doing tech. I guess our yields going down today, cnbc doesn't have they don't show yields once the market goes open. Um, our bonds must be going up, yeah bonds are going up, yields are going down, tech is getting hit, makes sense all right thus far not able to hold this, but this is kind of how amc likes to dance it breaks above it comes back below, it Bases so really you're looking at that. Second, maybe even third test to get above this, let's see, let's see, let's see, gme is significantly cheaper than amc at the moment and we're expecting the huge announcement any day now um. I don't know how you would define cheaper, because i guess i would define cheap or expensive based on the market cap versus what i think the value could be um or what the value should be. So i would say it's cheap if it's trading, if it's market cap is way lower than where i think the market cap should be at and then at that point it gets into the definition of how are you defining where the market cap should be at um Market cap does mean everything, but i'm saying how are you coming up with where the market cap should be like? You must have some sort of like equation or breakdown and saying hey, i'm like no.
I think it's worth whatever already paid for a question. First time ever was ignored when what is return shares for amc. Thanks for not answering a paid question, oh uh, i i want to get one thing explicitly clear. Uh, like i'm not like what is this like uh, like a dance, clown type of a thing uh, you seems feisty seems feisty, but hey.
We are good vibes only. So, let's look right past that the return shares thus far today is a hundred and forty eight thousand hundred forty eight thousand good vibes. Only folks, all right, so we know bonds are going up, yields are going down, iwm get a nice bounce. I think amc might be following this iwm pop watch.
This russell pops, let's see, will amc follow, will amc, follow, get and hit it all right? How's, apple, apple, apple, apple, apple, don't answer that fool um! Well, i'm i mean i guess i want to because sometimes you don't understand tone like it. You can't really convey a tone when you're writing. So maybe he didn't have a negative tone. Maybe he was just like saying: hey like you missed it, don't worry about going back to it.
I, like you so much i'll, give you two super chats. Maybe that was his tone. I don't know folks it's a holiday season. Let's uh, it's good vibes only brambo! I'm a whiny biotech.
This is a wendy's. Could you check pfizer? I appreciate your patience, pfizer pfe. What's going on with the drug company that sponsors every news station in existence pfizer you get you're getting a little bit of bearish divergence here on pfizer um. I don't know if i would be too excited to hop into the long position at pfizer right now, i'd be looking for a gap fill at 42.85. That's what i would be watching it's just it's run quite a bit. It looks like it's getting a little bit. Heavy you have a bit of bearish divergence, it's gone higher, the momentum didn't um, you don't have the same excitement and enthusiasm recently, as you did at the most recent peak, excluding this one. So now i'd be watching the technical gap fill at 52.85.
Your opinion on the strat and are you a fan or not, and do you ever use it thanks for watch every morning, jerry your opinion on the strat, i'm sorry, the strat i jerry, i guess, could you tag one of the mods and just give like a Little bit more like info on that, i'm not even familiar with the strat. I like the name, though it's like the the strat, is so good. Everyone just like identifies that one as like the strat, but i appreciate the support but yeah just tag one of the mods and they'll be able to give me more info there i'll give you five dollars to not answer any of my questions. Brian i'm going to answer all of your questions.
I'm just going to follow you around make me a bicycle: clown amc for our inverse head and shoulders amc for our inverse head and shoulders. So it's a weak shoulder, but close enough. So, shoulder head shoulder could very well be that for sure not really confirmed in normal market hours, though this shoulder was more so formed in like a pre and post market session. So that's why i'm saying not like the strongest showing and that that doesn't really mean much.
It's not like. We have to have another shoulder like it could just keep going and i'm just watching the battle zone of 3125 and see how it's knock knock, knocking, but with it. I just don't want the russell, the bottom to fall out on the russell, because i think that could drag amc with it. Uh some people are getting excited about ptpi ptpi, it's looking solid, i believe kinky kong is in this place, so she must be crushing it.
Ptpi, ever since it was like getting above three and holding that's showing some serious strength, getting some breakouts, the next level is 450. If it can get above 450 you're talking about five, then ptpi congrats. If you're in it. I have no ptpi position uh, but congrats uh, oh russell, going a little bit red a little bit red.
We don't want that if we want amc to keep going higher. You miss my super from 5 7 21 at 10. 34 a.m. Jerk, not a hedge fund.
Hey good vibes, good vibes: can you check out disney disney disney disney dis, dis, dis, disney, getting a little bit of a higher low? I mean disney, maybe for a medium to long-term investment. If you're, okay, with risking 145 trading at 149, you could risk four dollars. You could actually risk that's not too far away 142 and just hopefully get that breakout at 154 and play the gaff field of 174. right now. I actually like disney for a medium to long-term investment. Uh thoughts on prog. Are you still in holding 11 333 shares at 359 uh? I am i'm in prague. I like prague so with prague.
Honestly, prague is one where i'm just in it and i'm kind of just sitting on it like i like what the company is doing and i'm more than prepared, i'm training it basically as a mid medium to long term investment, i'm not necessarily thinking about it. As a short squeeze play, could it squeeze for sure but and if it does that i'll lock in my money, let it come back down and then just rebuy, but i just like what's going on at the company, i think it's undervalued, i think they're going to Be successful and i'm basically playing that thought so, yes still fully in and if you want, you can see what i'm in um just check out uh my like on public, like if you have a public account and you go to mac quarters, you can see what I'm in so sign up, it's free. You get up to 70 for signing up no payment for order flow, no market makers, if you're in the us. This is a solid, solid option.
I think in the world of non-transparent brokers, they are one of the most transparent. I definitely trust in them. They've done nothing at all. To make me question them.
If something happens in the future, obviously i can just leave them as soon as i want, but for right now i think they're very transparent. I think they're very honest. I like it. I've had thus far a very good experience on public.
The one thing i would like to say to you: if you sign up. Obviously it's free training, stock trading, not options trading, but they do have share lending you. If you don't want your shares lent. You got to turn that off.
There is an option you go to their support. It's like a automated computer support system. You can pull out of your share lending program. Just so you know with public a little public service announcement.
There uh advice, three advice tips. Helped you as a newbie trader, yes, okay, ryan brown. This is a great question, so three advice tips for a newbie trader. I would say my biggest piece of advice is when you enter into it, write it down or that's what worked for me.
Maybe you're able to keep yourself disciplined enough. Whatever your plan is stick to it and i found it super helpful to either get a trading journal to like even put a sticky on your monitor. Whatever your plan is be like, i'm getting in an event, whatever abc and i'm getting out in event, def have your risk. Have your reward? Hold yourself accountable, don't just like willy-nilly, get in don't willy-nilly, get out like have a very well-defined plan in what environment and what would trigger your entry? What environment, what exits would trigger your exit, including your reward, your profit taking or your exit? That would be my first tip to any newbie trader, write it down somewhere and try to hold yourself accountable, uh tip two is, i don't think, there's anything wrong with starting with a paper account uh. There are very few people. I know whether a stock account a crypto account or a futures account or an options account who started their first account and didn't blow it up, and when i mean blow it up in this sense i mean go down to zero, so you could save yourself a Couple hundred, maybe a couple thousand dollars um by just making your first account or two account a like just a fake account use a paper trading account just to get used to the mechanics of. What's going on um, i think that's a tip that could save a bunch of people a bunch of money like in totality uh. Even for me, my first five, my first eight training accounts.
I i blew up yeah, it happens like it's, not it wasn't like. Oh, i blew up one and then i got over it uh. No, i blew up multiple accounts, as in i funded it with a thousand dollars. I funded it with five thousand dollars and before you know it, because i wasn't sticking to my training plans at all.
It quickly went to zero or to a number so small that there's like pretty much no chance of coming back, um tip number three before you get into before you get into the world of like oh, okay, i want to be a trader, i'm i'm passionate about It i want to do it um you're, going to find a lot of trading courses that are like thousands and thousands and thousands of dollars with that before you fork over that money, see how far your own curiosity and drive get you. There are amazing courses on various forms of social media, such as whatever rumble twitch youtube um, where people are just giving out information for free. So before you go and spend like, i don't know i've seen courses that are like 15, 20, 25 000 before you do that. Well, maybe you just find another person who, like you, resonate with um, i'm not completely against like trading platforms, but i'm against getting a training platform as your first thing, and even if you find one if you're like no, no, no, like.
I really want a trading platform. I really want a trading community before you do that. I would kindly ask that you reach out to a member and be like. Is it worth it ask them be like do you think the money that you put into this was worth it uh contact a member within the group and just ask them shoot them in dm people are like very, very honest and willing to help i've found a Trading journal, i use a rocket book.
Google, it rocket book a rocket book get rocketbook.com. Oh, is this just like a nice, oh kind of like a a rocket book. I, like it all right russell getting a little bit of a bounce amc, thus getting a little bit of a bounce, hey match. Something is going on with stuff. I got 27 short. Can you verify sava? Did the news ever break about saba today, so i am seeing a short interest of 30 almost 33 on sava, almost 33 3-3, the big three three sava boom boom candles sava it's in the news. The news came out and i guess it's positive up. 42 percent.
Jerry hicks, if this holds and there's a short interest of 33, the mike and brian show have been here for a while shout out shout out. I really appreciate that. Will you be s streaming? The biden speech, i suppose it. I don't recall the time of this particular speech jerry.
What's going on all right, we did that. Can you talk about the amc january 21st options, many in the money, but a lot more out of the money? Are they hedged for already? If not, could that be? Could that be a huge week? Um they're gon na get hedged as they go from out of the money to in the money. So as it goes up, they know the proper amount that they want to hedge, for they have very fancy algorithms that do that, for them, uh looks like salva was halted, so the ones that are at the money and in the money, i would strongly argue - are Already hedged for and then, as you have new ones going from out of the money to in the money, i think they're going to be hedged for so it more so relates to the price action. But remember the opposite also happens as it goes from in the money to out of the money they can always unhedge.
That's a very good question. Ryan uh, someone's very excited about ptpi ptpi is crushing it. I never got into this and to be fair, there have been hundreds, if not thousands, of people screaming at me day over day, ptpi ptpi ptpi, i hope you're in it. Whatever your trading plan is stick to it.
I hope you're making some attendees, but ptpi is up 42 on the day. There have been many people talking about it. Uh i didn't get into it, but i i truly hope that you're crushing it can. I do a little ta on paypal um, so i thought paypal was a good buy right here at 185 and i still stick to that.
I think we still have bullish divergence, paypal similar to maybe disney right. Now, i think, is one uh that you could get it. The risk is very reasonable and it's a solid medium to long term entry. I like paypal.
I would use the support of 180ish really maybe 171 somewhere in there. That would be my support and i would try to ride it back up to the gap fill at 226.. In my mind, two very distinct companies, but paypal and disney look super similar to me. Super similar halted.
Ptpi halt ater how's that one doing um, i'm still not seeing buyer step in it's very close to support, so i hope it bounces off of four but uh. You would want to see like one big, green candle and a nice pop off of this. It's been kind of beat up ever since september, late september, ptpi hot hot hot uh. What did you buy your very real girlfriend for christmas uh? If i'm being honest, i didn't get her anything. So i am open to any suggestions, uh any solid suggestions of something that i could do. Let me know, let me know, but as of now, i have not i've not gotten her anything, i'm not all right ater. Where else are we at hey, if you haven't already, i would really really appreciate it if you could smash that like button and don't forget if you're listening right now and you're wondering why you can't chat, don't forget to hit that subscribe button liking. Subscribing is completely free, really really helps me out.
I truly do appreciate it. Thank you. Thank you. Thank you.
If you're over there on twitch uh, if you haven't hit that follow button, that's free and don't forget. If you're on amazon, you get a free sub with your amazon account and then on rumble, if you want to hit that sub button same thing completely free all that stuff liking following subscribing, especially with amazon over there on twitch all that cost, you absolutely nothing, but.