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Dumb Money w/ Matt Ep. 194
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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.
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AMC, GME, AAPL, MSFT, LCID, NVDA, TSLA, BTC, ETH, SOL & SHIB
Dumb Money w/ Matt Ep. 194
True Trading Group Trial ($3): https://bit.ly/MoonGangTTG
Want better Stock trading?
πππ FREE Stock, No PFOF, NO Market Makers: https://public.com/MattKohrs
FREE Crypto ($10 on Coinbase): https://bit.ly/CoinbaseKohrs
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π¦π¦π¦ New Rumble Channel: https://rumble.com/c/MattKohrs
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πππ Emoji Charting: http://bit.ly/TradingViewChartingSoftware
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πTechnical Analysis: https://amzn.to/3p6QYk8
πTrading Psychology: https://amzn.to/2Z3sjCM
πStock Operator: https://amzn.to/2N76K1j
πPit Bull: https://amzn.to/2Ndk4kV
Video As A Podcast:
π§ Apple: https://podcasts.apple.com/us/podcast/moon-money/id1550699494
π§ Spotify: https://open.spotify.com/show/6kdJCHY0VMqLzIxwCHU59A
#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.
Bye, hello, hello, hello, it is tuesday what is it december 28th we're we're cruising along. This is the final training week of the year. This is that final week, where maybe you're, bringing your account from negative, maybe you're going to finally get a positive just in time. For the new year, or maybe even better, you're, already absolutely green, and you just want to make it that much more green.
What do we have tuesday, wednesday, thursday friday? Let's do it for full trading days. I have nothing but faith in all of you watching. Right now now, as you're about to see in the charts and everything when we switch over to it, things are looking pretty green right now welcome to gaines town now i will be diving into it, but really the the headline of all this. Why we're in gaines town, so yesterday's close of the market in reference to the spy? The s p 500 was the 69th highest close of the year now for many money managers, investors, retail traders and just overall accounts.
Yes, we wanted to go higher and higher and higher. I know we all want more money, but if i'm being straight with you, i really wouldn't mind if we just stopped where we were right now like i'm, i'm actually fine with that, like. Maybe if we could just the market can close at the same value just so we don't go above 69, but maybe all your other equities, that's what we should be hoping for. We should be hoping that the market just stays where it is, but the individual equities whatever one year heaviest in i i just hope that goes higher and higher and higher.
I think that's like a good meeting point overall market looking strong. Actually, as i just started this, it's taking a little bit of a breather, but things are very much still green. We will kind of be doing a little bit different this morning. We're going to be diving into a lot of individual equity so before the market kind of opens we'll be doing some technical breakdowns to see where the plays are at, because we've been seeing interesting action in the options market, particularly for this week, a little bit of Nvidia a little bit more to apple and quite a bit of bullish action as it's relating to tesler.
You guys know all about my history in tesla and uh i'll, be touching on a little bit but way way more in the crypto stream today, at 2 p.m. Crypto kind of it didn't really have a rug pull last night, but it fell and that's just because a lot of people were over leveraged and when it got rejected at 52 000 in reference to bitcoin, there was a bit of a rug pull. So let me just quickly rip through what's going on in the market today i do have one video. I want to show you and then we're going to be doing some chart breakdowns and then, when the market goes, ding ding ding we're really going to be watching it, at least for those first 15 minutes pretty hardcore and we'll go over short interest numbers and all That good jazz and then from there i don't know if it's necessarily going to be the most important thing of the day um it will be the most important thing of my day. I'm saying i don't know if it'll be the most important thing of your day. It might be, but i have a very important story, slash opinion i need to share with you as it relates to the wizarding world of harry potter. I had a very important realization on friday of this past week. I forgot to tell you about it yesterday and i think it just is representative of how emotionally shaking i found it to be so maybe around when the market gets going today and things calm down a little bit.
I need to share that with all of you. So obviously, with that type of a preamble, let's hop right into it, i did make the charts a little bit bigger. I hope i'm starting to realize how many people watch this on mobile and i hope that the size of it is bigger, but i also um. I want to make the the lines and the bars like what we're seeing on the charts a bit more crisp.
So if anyone has suggestions on that, i've pretty much maxed out all the settings on my stream like i've gone max quality, i i upped the bit rate um. I kind of i'm really pushing everything up um. What is this channel anymore? That's a great question. Um.
I think it's still a wendy's, but i don't know um amc jimmy yeah. No, no we're going over that we're going to be doing, like i said a little bit different, we're going to be doing like full technical breakdowns of like a lot of individual equities. But let me quickly just give you a little setup for the day, the dow, the s p, 500, the nasdaq and oil all up up up a little bit interesting that the nasdaq's up and the yields are down. I guess it's just they're only down ever so slightly and that's why? Typically, you see the nasdaq and yields moving the same way just because the way that works functionally from the highest level is - and this gets a little complicated, but i think i could explain it well, so the nasdaq, the the cues, the tech heavy sector, that's considered To be a little bit higher risk, but it's also considered to be higher growth kind of the opposite of bonds.
So usually you see the money flowing from one to the other. So if things are a little bit more risky, they might go okay. I don't want that high growth high risk, let's go over to bonds and then, when things are a little bit more, i don't know amenable to the overall market they're going to go back into these higher growth options. Well, when money flows into bonds, when bonds go up, yields have to go down and then when money goes out of bonds and bonds drop yields have to go up.
So if you're looking at the other thing, the nasdaq 100. That's typically, why you see not the perfect correlation but a strong correlation between the nasdaq and yields themselves, as in a directional relationship, so a little bit odd to see that they're a bit mismatched and, of course, there's other things that play interest rates: inflation! That's why i'm saying it's not perfect, but it's a decent, a decent rule of hand to follow. Obviously, the thing i was most excited about yesterday: s p 500 surges to 69th record close of 2021 as santa rally powers, u.s stocks. So i was lamenting on this of what happened and i my biggest assumption is whether either rudolph got lost or the elves were a little bit too busy with making their presence. Maybe they had supply chain issues. I don't know what it's like at the north pole. I've never been invited, but whatever it was, it seems like we are getting the santa rally. It's just coming a little bit late, but i am personally going to be bullish for the remainder of this week and all of the first week of january, barring any crazy political developments which globally and particularly in the us.
You can never discount that, and also as long as the current, i guess, fear, slash fear mongering related to the newest. Unicorn variant doesn't get too out of hand. I do want to hop into this just because tesla's doing well, and we see so much going into it - watch a tesla owner blow up his model s with 66 pounds of dynamite instead of paying a 22 000 bill to repair. So basically, he needed to fix his battery.
He's like you know what i don't want to fix that battery and he instead contacted some youtubers. You know us youtubers, saving the world, we're like hey, we could just blow it up um. I just want to show you a little clip of it. I mean the action.
I actually don't know how loud it's going to be. If your eardrums blow out my sincerest apologies. This is just the action part that i'm sure a lot of you are interested in. That's 66 pounds of dynamite, and i think this might be representative of tesla going to the moon foreign, and that is what it looks like to blow up a tesla when you don't want to play the repair bill.
All right just wanted to share that. I think it might be symbolic of tesla making a new all-time high, we'll find out, but speaking of tesla, when we're getting to the end of the year, and we know that elon did get times person of the year. They someone curated a list of 12 of his tweets and it really, i guess, seeing that all together, you kind of get an idea of how truly influential he is, and it seems like he has a hot take every single month. Let me zoom in here just so.
It shows up a little bit better. So in january, on january 26, pretty much right before d-day uh with the whole game. Stop it. It started off kind of at one point and he tweeted out game stunk and it caused jimmy to go nuts, and then you like, if you've been paying attention to gme and all this insanity.
You know what played out on january 27th, 28th and kind of actually led us to this moment, but yeah don't forget that elon was a part of that tweeting out game, stonk fast forward to february uh. He had dogecoin to the moon, and then we know between february march and april he pretty much anything he said related to crypto, specifically dogecoin. It caused things to go haywire even his snl appearance. I believe that was in april. What do we have here in march, announced plans to sell an nft, then quickly, backed off um would begin buying tesla's with bitcoin, and we know that kind of got unwound at one point with like the environmental concerns he referred to himself as doge father in april. On saturday night live, that's also when on snl he referred to doge as a hustle, so doge right before that hit an all-time high of about 70-ish cents and then, when the snl skit came out, uh people were not too happy um. So in may those were the environmental concerns with musk uh tesla pulling the u-turn and not accepting bitcoin uh caused, and this was fast forward to june, caused the price to jump. A bitcoin, tweeted eeveemaker would begin accepting bitcoin once there's confirmation of reasonable 50 clean energy used by miners in july.
Dogecoin is money um in august uh. He kind of followed up with cuban. Here i've been saying that for a while, referring to cryptocurrency being a medium as exchange in september, uh musk said dogecoin fees will have to drop for it to become a more feasible payment option. The tweet came after an amc, ceo, adam aron, toyed with this idea of accepting dogecoin as payment.
So i'm before we, i know that's just september. We have a couple more months to go, but i want to point out so he's been very intertwined with all these social sentiment, community-based trades and investments throughout the year. Gamestop dogecoin, amc in one way or another elon has been there all right now in october. Talking about shiba inu dogecoin killer began in epic surge um.
He has the dog floki he later revealed. He doesn't have any crypto oops. Why didn't that? Just do that uh he doesn't have any crypto holdings in shiba inu, just bitcoin ether and doge um. Then, in november tesla stocks, stum tumbled in november, uh posted a twitter poll.
If he should sell 10, we know that he has sold his 10, but then because of the options expirations or exercising them. He actually now has a net larger position in tesla than he did before and then. Finally, now that brings us to december um offload tesla shares reaching his 10 blah blah blah person's time of the year. He said he would actually have an effect on the market, so markets move themselves all the time based on nothing.
As far as i can tell, i think that's just a good way for the sec not to get pissed at him. He notoriously gets into arguments with the sec and regulators, so they want to paint this picture that he is influencing the market and obviously they don't want that. As for a single person, that's quite a bit of power. I would argue that he obviously does like when he tweets things about doge, specifically when he tweeted like game stonk, that caused it to go crazy. I think he has quite a bit of influence. Obviously those are my own opinions. He's gon na disagree whether he truly believes that or not he has to say that just so the sec doesn't freak out speaking of crypto. Yesterday, everything was looking green.
If you take a quick peek at it this morning, uh we're seeing a little bit of red. What happened - and i can like, you're gon na see these titles, these 300 million loss after spot market drops. So what this is all in reference to is basically, when we got up to this level of resistance, it got smacked and as it started coming down too many people were over leveraged. It is not difficult in the slightest to get a lot and i'm talking about a lot of leverage in the world of crypto.
So when something goes down one two percent, it could be three x, five decks 10x. I mean there's even ways to get even more leverage in the world of crypto, so when people are a little bit wrong, financially they're a lot of it wrong and when you're a lot of it wrong same way in the stock market, people get margin called there's Going to be that with crypto broker crypto based brokerages, so if people are a little bit wrong and they're heavily leveraged, yeah you're going to get some margin calls and then that's why you see this type of capitulation in reality? Maybe it was only going to self-check to still above maybe 51 50 000.5 - something like that. But then, when you have all these forced liquidations, you get an even greater sell-off. Does this bother me in any way no i'll cover this more in the crypto stream, but i think it's just going to end up basing and we're going to continue to rip higher and higher.
In my humble opinion, now remember for all this: i'm not a financial advisor, i'm not a lawyer, i'm not a cpa, i'm probably a person that you shouldn't be taking relationship advice from even i know a lot of people do, but in reality you got to be In charge of your own decisions, i'm not telling anyone to buy or sell i'm just sharing my own opinions. Sometimes i'm right. Sometimes i'm wrong. I'm just sharing my opinions and i think it's more should be more thought of as like a place for you to kind of like start your own dd and jump off of that all right.
Now, let's get into the overall markets and we'll jump kind of right down this list. Amc, gme, prog, lucid all these. So let's kick this off with the s. P.
500. As you know, yesterday was ding ding ding ding, a new all-time high 477 31. We're already opening up to a new high pass that so the record of 69 new all high, like we're gon na hit 70 today um, it depends, i guess, if your accounting closes or not, and we're gon na have to find wait till 4pm to really find That one out but um, it's still looking decently strong in pre-market right now, an idea of like how could you lay this out? Well, you could do fibonacci extensions. I know they have them over here on trading view, so trend-based, fibonacci extension, let's see how we could do this. So if you are believing this one, their next level is basically 490.. I think it's a good tool uh. I think a lot of the times when you're in new, open sky above you really just have to let price discovery play itself out and i'm particularly interested in watching, i guess key psychological levels which, for the s p 500, would be 500 like right now. We're trading at 477.
I would be watching that 500 level flat in terms of the queues very strong day, but not a new high. Previously, we hit almost 409 we're at 404, we're actually gapping up by 0.21 percent this morning, so uh there is a kind of an important level around 407 and then i'll be watching 409. The qs that tech heavy world looking pretty strong and then the russell. I'm really liking this breakout, and this will obviously lead into the world of amc, because we know amc is the biggest equity within this particular etf.
So the russell has had this technical breakout. We had two closes above it, i'm gon na be watching the resistance around 226 and a half, but then i'm very interested in the scab fill from the low of november 24th at 2, 28 and a half so overall, the spy, the qs, the russell all looking Strong and i guess maybe we could save this for more of a new year's discussion, but i actually think that 2022. I wouldn't be that surprised. If we this past year, we've seen a stronger performance in the spine accused relative to the russell.
I wouldn't be surprised if that flip-flops next year and we see stronger performance in the russell, the small cap sector, all right. So now, let's talk about amc before we get into the technicals just so you know, the short interest is slightly down currently coming in estimation. Around 17, i am still obviously watching this inverse head and shoulders shoulder head shoulder, we're looking for it basically to stay above 25. If it's staying above 25, the inverse head and shoulders is still a very legitimate setup.
It's still a very valid setup uh in a shorter time frame, you could be looking at what would be referred to as a cup and handle you could look at it as high or lows into a wedge. There's going to be a lot of overlap in the various technical structures, depending on how much of the structure you're actually looking at it could have various names, but overall, shoulder head shoulder when we were coming up here right before christmas. I was kind of calling this out of hey, don't be surprised if it comes down a little bit to have like kind of this legitimate setup of a head and shoulders pattern. Let me just make this shoulder a little bit better.
Let's pretend that this particular person actually hits deltoids. Unlike me anyway, shoulder head shoulder: let's, it would actually be the nicest if it stays above 26.80, whatever that low is from the 23rd 2682. We want to see this slowly but surely swing back around and break above 31.25 and then hopefully we can get some momentum built off of that. I was alluding to this a little bit yesterday, but i just want to reiterate it. If maybe there was people on vacation yesterday, if you were an active trader, it is very important for you to watch this day-to-day action. It is, but if you're more of a diamond-handed ape, you don't need to watch the day-to-day like these intraday like you're, going to drive yourself nuts. If anything, it's probably more and spend it more important for you to spend your time day to day to covering the news stories learning more about market structure. But if you're watching the minute charts the minute bars from 9 30 to 4, that's not necessary if you're a diamond-handed ape.
Maybe you want to watch it once in a while? If you have some extra money and you're trying to dollar cost average down or if you're, just trying to add to your overall position, i get that like when you're trying to be a little bit more specific with a new entry. But if you're already comfortable with your position, you do not need to watch the chart for every single bar. If there's crazy movements yeah, it's a little bit more fun to watch, but if it's trading sideways a little bit down a little bit up, i mean there's always more things you could be doing in learning outside of just watching it um for sure, and that stands Not only for amc, but it stands for gme and really any other equity out there. If your trading plan is a bit more of a longer term idea - and you just know you're going to hold - you - don't need to get caught up in the intraday minutia all right, gamestop, currently coming in a little bit of a smaller short interest than it was Last week of 14, so amt amc, 17 jimmy 14., all right jimmy.
Let's take a quick look at this chart, so we don't have the head and shoulder set up on gme, so it was training very perfectly, almost algorithmically down in what would be referred to as a bull channel. It broke out and it kind of got going, but it was clearly smacked at 160.. I would actually argue that 160 is the closest and a very important level of resistance. Right now support resistance resistance.
I am watching 160. yesterday we almost had a breakdown of 145, but by the end of the day it actually caught itself. Um gme 150 is a very important psychological level. I would prefer that it stays above it right now, it's at 148.80, so it's within, like a percent, so not a big deal at all.
We could totally get there but gme. I envision that there could be moves based on any reports related to the holiday sales, but i think the thing that's really going to move gme is honestly announcements related to its nft platform, which we know is going to be intimately linked with loopering lrc. I in no way would be surprised if gamestop in terms of its volume is a little bit lethargic until that announcement. So it's going to be one of those things: okay, i'm in it i'm in gamestop and i'm in amc. I'm in both. I love both but sometimes you're just going to have periods of time where there's just not much happening and yes, i could see some movement prompted off holiday sale reports, but i really think the strong bullish reaction will be coming from a successful nft marketplace launch and I think from there things could get even more haywire if both ryan cohen, adam aaron, they call each other up, they strike a deal and they say yes, we will exclusively sell amc nfts on gamestop's nft marketplace. I think that would maybe not be the biggest fundamental change for the like, as in inherently the bottom line for those companies at first, maybe in the long run, depending on the success of nfts. It possibly could, but i'm saying just pure enthusiasm, the two most popular stocks of the entire year partnering up in such a public way.
I think that could prompt a lot of excitement so once again, i'm watching the support of 140 145 for jimmy. I would love the break of 150 and i would particularly really love this break of 160 because that's a new pattern of higher lows, higher highs and from there. Hopefully we could take out 180 and i would obviously looking for gme to get back above 200 because ever since november 23rd, all the way up to december 14th, the stock has been hit like there's no way. You can like argue that.
So, let's see if we can make back some of those losses, hopefully sooner rather than later, i'm still in prague, prague right now trying to hold into two dollars. This is a long term play to me. This isn't even in any no way is short term play and not even a medium term play uh. I rarely play the biotech therapeutics type of world um.
I've done more extensive dd into prague and i think it's just straight up undervalued, i'm more than happy to sit on it. My amc, my gme, my prog and some of my other stocks. You can see on public if you want to know if i'm still in not in it's so easy you just go to public.com course. If you already have the public app downloaded, you just search me backwards.
You can see what i'm in it's honestly that simple amc, gme prog those are like. Probably they are the three biggest holdings in that particular portfolio all right now, let's talk a little bit about the world of evie. I know this is absurdly messy. So let me switch it up like this you're, seeing a strong bounce back in tesla and in fact, if it can get above close above 1120, i think that could actually set up a push to the new all-time high.
The thing i want to point out right now is based on the four-hour chart and based on the two-hour chart. Things are very, very hot from a technical perspective. The rsi is very, very hot, so this might set up a time where, okay, when it's this overbought, yes, of course it could keep going, and it's no rule that it has to sell off it doesn't have to. But the odds are saying: okay, it either needs to trade sideways, so the rsi can cool off or it needs to come down a little bit, so the rsi can cool off. Now that is a little bit in. I guess contradiction to what we're seeing in the options market, because we know for this friday december 31st. There's a lot of money being bet on 1140 and then there's even more money being bent on the january monthlies for aims or excuse me tesla to continue higher and higher and higher. But ever since december 21st it's just been cruising and cruising and cruising these types of moves don't last forever.
There has to be a period of consolidation, so it can collect itself. I do think it'll continue to go higher. It's just i'm not necessarily saying it's. The best time to go like full till yolo in your account after it's already been pushing for one two three four separate days, especially now, depending on what we see today.
If we see a new relative high to december 21st until now, but the rsi doesn't follow with it. You're gon na have a little bit of an rsi momentum. Slash price action, mitts match riven yesterday had a good day. It gained 11.
I'm basically watching this 110 level rivien. Yes, it's severely fundamentally overvalued. You shouldn't be training at what almost a billion per vehicle delivered, but sometimes that doesn't matter in the short term, if you're just catching a nice momentum play. But yes, the world of evie had a very good day.
Yesterday. Tesla was up, 2.5 rivien was up almost 11 and then you had lucid. That was up 2.66. Sorry, it's just lagging a little bit, so here's rivian um, so we had a period of expansion.
Unfortunately, this was to the downside, we're right now consolidating it's pretty much range bound in between 35 and 40.. Honestly, i am bullish on lucid, but in the short term you could play. Whichever way you get that breakout. If it breaks below 35, you could be a little bit more bearish in the short term and if it breaks above 40, you could be a little bit more bullish in the short term right now.
This is range bound and we're just waiting for the range to kind of end. Let's talk a little bit about the world of tech. Okay, so if it comes down to apple, everyone's eyes are on apple to know. If we can get the first 3 trillion with a t company in the world, and that happens at 182.86, i believe i have that marked out.
Do i have it marked out 182.86? The previous all-time high is 182.13. I would in no way be surprised if we hit that this week or next week, so within the next two weeks, i'm not gon na be surprised if you see all those headlines. First, three trillion dollar company tim cook apple, blah blah blah all that good stuff. I mean look at this push one two three four five days: closing higher and higher and higher and higher very, very strong right now, a lot of money pouring into apple um with it am i ever saying that it makes sense to chase? No, obviously not i mean you want to be in before the move similar to tesla, you don't don't be the person who's getting in when the rsi is this high. Depending on your time frame, you need to use an appropriate like when i say timeframe, you need to be matching up the time frame with your charts, as in the time frame that you're also like realistically going to be in the play. So if you know you're in it for a short term a day or a couple days, well yeah, it makes sense to look at the 15 the two hour, the four hour don't be the person who's buying when it's already overextended, like that's you're, just the odds Are not favoring your play like it could work out, but if you do that enough, one of the times you're gon na get severely burned, amd semiconductors have been crushing it absolutely crushing it and that's exactly what happens when there's high demand and low supply the likes Of amd nvidia intel semiconductors have been crushing it. You can look at the etfs. What is it smh? What's the other one socks sox, xo xx whatever that is, but semiconductors have been looking like a butte ever since amd got this breakout of 140.
150. 152 same thing, rsi is now overextend, but this has been crushing. It definitely worthwhile to pay attention to would love to see how it reacts to 158 ish i've been watching corsair uh, you have the shoulder head shoulder i got into it. I thought it was very reasonable risk.
I was like okay, i can risk twenty dollars. I got in roughly around twenty two i'm risking two dollars and that's a ten percent risk i bought in after we had some bullish divergence in the rsi. The price action went lower the rs i went higher. I liked what i saw i bought it.
This will be end up being a medium to longer term trade. I'm a fan of the world of esports. It does have a high short interest of. Let me look it up for you really quick crsr.
All right has a high short interest of 33.3. So if i'm fortunate and i get that price action, that's going to put a lot of pressure on the shorts. But i figured hey like in terms of risk reward, i'm risking two bucks and if i could ride this back up to this region, 33, that's over 10. If you could ride it up to a high, that's 50..
I just love buying a company in a sector. I like on weakness, so let's see how that one plays out microsoft. I mean it lost a little bit of uh its enthusiasm just because everyone follows apple more so, but microsoft at one point this year was the most valuable company. So don't lose sight of this.
It's also crushing it and then nvidia very, very similar to amd and then obviously with hud it sucks. I think it's awful, i would never buy it. I wouldn't short it at this point. It just came off of an all-time low, but this is an awful company. I hate it, i hate it. I hate it alright, so that's the setup for the day. Let me drop into the one minute. I know a lot of you want to see amc and gme open i'll, keep them up as long as they actually have action, but the bell's about to go ding any ding, ding ding.
Let's get ready on the day, all right, let's put nvidia, let's throw up! Actually apple over here and tesla over here, let's go: let's go, let's go all right. I think we almost timed that pretty much perfectly ding ding ding, the casino is open. May the odds be in your favor all right, let's get rockin. I personally think it's advantageous to chill out for those first 15 minutes.
It's one thing to close a position that maybe you were swinging overnight, but to create a position, especially in options position. There's a good argument that you're most likely playing for too much volatility when the market opens there's higher volatility and sometimes there's just severe whip sawing so, especially in options position. I like to wait those first 15 minutes just because i don't want to overpay been here. A while will be here a while shout out, i just uh projected on my tv chart, looks crisp and sharp.
Oh thank you. Thank you for brightening up my mornings and having the funniest thumbnails, hey. I'm sure i mean i love those thumbnails. They always crack me up.
Matt your twitch is acting up is aws having problems again wow, it seems like twitch. Uh twitch is having weird issues. If you're on twitch go uh come over to rumble or youtube, i guess for the morning stream, we'll we'll figure out. What's going on, it's not the biggest surprise that it really has been having some serious issues lately, um aws.
That is - and we know that obviously twitch is served on aws check out your twitch and rumble streams. The rumble stream is crushing it rumble. Stream is coming in crisp, heyo, hey, oh guy fairy ferrari thumbnail is legit thanks! Matt, hey welcome to flavortown, welcome to flavortown! Well, hey ken griffin, welcome to flavor town where the apes or the apes are on the menu all right. Let's see what's going on uh, i guess i could look it up on down detector just to see if it is an aws thing all right.
Let me see this. Let me see if i can fix the issue. While the market is waking up for the day. Waking up waking up all right.
Let me find this down. I think it's down detector right. I think it's down detector, or am i losing my mind, uh, not not showing you on rumble live. It should be welcome to gangstown here, unless i'm losing my mind um.
I think that link should work. I don't have a rumble link on your page looked multiple times. I don't have a rumble link, so it's not showing up there. Are we just having weird tech issues today? Somehow four people found it? Is it just not hmm? If you search mat cores sort by most recent yeah, i guess it's not coming up, but i just posted that link um. I am confused. I guess it's a youtube kind of a day, but i posted the link there. If you prefer it over youtube. Rumble is up and you are on yeah.
I mean i'm seeing myself on rumble, but that's also because i can go from my own account link worked, but i couldn't find it either. Your link works, but okay, yeah i'll figure out what's going on there. So it sounds like we're both having twitch is like way behind all right amc, crushing it jamie, crushing it tesla coming down a little bit this morning, let's zoom in there. It turns out that quite a few people actually end up watching this on mobile.
So i'm trying to make it as big as i can as big as i can all right. We're doing this good good good over here cool pow, good vibes. Only today, let's just check in on this sweet, sweet sweet all right, we're rocking we're rocking! I'm curious, though um there's no issues on youtube. Right, like that was coming up today, like it looks like the streams coming through aok was everyone else able to find it without an issue, good vibrations, all right, apple and tesla, so the queue is getting hit.
A little bit i would assume yeah, so we have some tech getting hit right now, but does that mean that iwm is doing well? Iwm is doing well, which makes more sense with amc here. Where's your cappuccino, mr thick. Oh man, the cappuccino stories you just never you would never believe what's happening. You would never believe what's happening so i had the nespresso.
Then then espresso broke. So i called up nespresso and they're like hey we're, sorry about that, we'll send you a new one. I was like okay cool sick, like i can continue with my cappuccino, branding like not a problem and they're like we'll ship it to you. I was like whoa, it's almost the holidays.
Can you wait until monday, as in yesterday, the 27th, because this is obviously before the weekend and they're, like sure sure sure, and i'm like okay cool? As you know, i left on thursday to spend the holidays with my family and then on thursday. Like good news, we're delivering your nespresso today and i was like no, no, no, don't deliver my nespresso today and they're like we're going to, and i was like well don't and they're like well we're going to. I was like, if you do you better put it in the gate, because this is philly and if you leave things on a porch, it's going to get stolen within 20 seconds and they're like oh okay, no problem yeah, we'll totally leave it in the game. I'm like all right awesome and then i get a text and they're like hey.
We delivered it and i was like uh okay and then they sent me a picture and you know where they left it. They left it on the porch. So someone within said 20 seconds stole it. I was like. Well that's your fault because i have the text right here. Saying, don't do that and you did that and then they're like okay. I guess that is our fault. So allegedly it's supposed to be delivered today.
Today today today, we should officially be getting the, i guess, the newest and bestest nespresso. So i can continue my cappuccino career and i honestly didn't stop my cappuccino career. I just started spending more money going to the local cafes to buy them. Instead, while i was without my current fix on the situation, all right, amc and jimmy gme up 1.8 percent holding above 150, i like that so iwm is kind of pushing amc currently down.
Four cents, eight cents so pretty much right around. It's like break even mark all right. What other movers do we have tesla trying to bounce right here? I guess, but to anyone. Who's in philly you'll know how bad the what's it called like package pirating.
They have like a weird name for it: iwm taking a little bit of a hit, hopefully that doesn't bleed over into amc. We've been seeing this pattern when there's drastic movements in the russell, it seems to have that same impact on amc um. So, let's, let's make sure that this funny business doesn't continue to happen all right apple, where we at uh 2.30 cents away 40 cents away from that 3 trillion mark gamestop having a very good day right here in the bottom right. As of now, a lot of things well actually lucid and riving are getting hit.
Lucid's down three percent rivien's down 3.7 uh tesla's trying to hold on to being net green on the day. Is there any other crazy movers? You guys want up uh feel free to post it in chat. If there's some someone said sopa is rocketing. Sopa is right around its breakeven point, but it had a nice push.
A dollar push right there. What else do we have prague, prague bouncing off of three dollars? Okay, i'll, like that? I'll definitely take that whoa a little bit of an interesting development here. The russell kind of coming down, but amc actually showing some strength. Well, hang on never mind.
That was a little fake out. Someone had a little bit of a fake out we're seeing in the russell they tried to shake people out, but it started pushing anyway. All right things are starting to turn right now. You can feel it all right, so they try to fake people out on the russell, but it popped anyway, amc back to going green, gme green.
So you have prague, gme amc. All green is tesla catching a bid. No, it's not interesting apple's, not catching a bid. Amd might right now be catching a bid.
Microsoft corsair are the cues. No is the spy that really, but iwm is so the day is small cap. Small cap should be on your radars for today. I know this isn't crypto, but crypto is dropping.
Is it okay? Crypto, taken more of a hit, there was just like a lot of margin, calls forced liquidations. People are commonly over leveraged in the world of crypto. So when you get like potentially healthy corrections, sometimes it you get a bit more capitulation just because of the force closures. Blue chips, getting it's one of those weird days where blue chips are getting hit right now, but then, as media would refer to it. Meme stocks, uh they're, actually having a pretty solid day, thus far prague up 5.75 percent gme up three percent amc up: one percent iwm, it's holding green, but um the the big boys, those blue chips really not doing much. It seems like the excitement. As of what the first 11 minutes of the market have been more so centered in these, but remember we were talking about with tesla it's just the rsi was high, like very, very high. Don't like it needs to take a breather honestly, a reality check off of 1060 would still be pretty bullish.
In my opinion, in my opinion, uh m train trust me. I've done extensive, stat research into the relationship between amc and iwm, and it's much more of a direct relationship than an inverse relationship. Is that correlation a perfect r squared of one? No but you're? Never ever gon na find that um you simply using five data points. Is not like enough.
That's not um like statistically a high enough data points to be looking for a correlation uh. Your thoughts on crtx gap up play seems like a low risk. One to me c r, t x, um, the i mean risk is in the eye of the beholder but the wrist point. In my opinion, whatever this low is 1071., i don't know much about it if it breaks above 20 yeah.
You could be talking about this gap, but this is a pretty brutal gap down. I would be a little bit worried about it, but i mean you're risking two bucks, which is almost 20 on this particular play. I'm not sure i would like necessarily classify that as low risk. I mean when you look at whatever the level is.
That's then, how much that's from that point. You're, like okay, i'm gon na risk about two dollars from there. That's how you decide how much money you're going to put in terms of how many shares you want to purchase. Can i zoom in my charts just a little more than happy to there? I hope that's big enough for everyone um, i didn't even know.
Well, i guess i knew it, but then i forgot about it. Um youtube and its back end has these analytics, where you can see how people are watching you, whether they're watching you on your computer, their computer, their tv or their phone, and over 50 percent of my audience apparently is watching on uh a phone. So for all my mobile users particularly give me a shout out if things are not big enough seriously. I know i am currently working on the settings over here.
Apparently, it's not as obvious as just having an option, but in terms of the chart, if things are ever too small or too difficult to see, please please, please let me know prague bouncing off a nice ten percent bounce off of that two dollar mark already gme. Getting or excuse me amc, not holding 29 on attempt number one, i'm tiny! Well, that's not nice! That's not! Nice evergreen has a bond payment due today of 255 million. This is going to be huge, most likely miss a payment which will be huge for their credit. Yeah, so the evergrand situation is definitely ongoing, um. I think people are starting to realize that there are implications, but it's still going to be contained to the world of evergrand and probably their largest debt holders. I don't know if it'll necessarily spill over into the world that we're particularly watching and that i'm referencing, like amc, gme prog those type of things um, it's still, if you're watching it, though like trading evergrand or it's bonds or that type of stuff like yeah, there's Gon na be some serious uh volatility in that world. Matt. Tell me if it's small december 28th, i wonder if anyone's been writing down all these quotes throughout the year.
Your head is way too big. My head's way too big. Maybe i just have a big head. Big head: do you even lift um, no, not really um, and that's just because i'm lazy and stressed and anxious and a lot of you would say well if you're lazy stressed and anxious working out could probably help that and i agree but um.
What was it yesterday? No two days ago i did the stair stepper again and i think i almost un-alive myself uh very, very seriously uh. It was a not fun experience. I think my heart rate had to be above 200. It was, it was a brutal experience.
I only got like 160 flights in usually i try to hit 200 plus flights in about 30 minutes, and this time i only made it for 25 minutes and everyone's just like. I think they were kind of watching from a distance they're like he might die, and i want to see if this plays out, and i just i just didn't, have it in me. If i'm being honest, i need to build my cardio back up. Did you not me with the full copper cappuccino yeah? I know i like to use my um, my wine glasses that have yoda on it for my morning, cold brew.
When i don't have a cappuccino, it's just it's it's a fashion statement of sorts, harry potter story. Thank you. Thank you. Thank you, okay, so as the market's building out a little bit and obviously we're gon na dive back into it, we'll check the unusual whales.
All that stuff really starts computing at 10 a.m, but anyway, let me share this story with you, because i think it's going to be a big realization for many of us and here, especially if you're a fan of harry potter and if you're not this, might make You a fan of harry potter, so there i was so there i was. It was december 24th christmas eve a friday and your boy thick coors. He was sick. I was sick.
I was sick. I was in bed all day. I was barely see sleeping and, like i would like get up, i would go back to sleep. I had cold sweats, it wasn't a good situation. My body ached, not good, no bueno. So anyway, i'm at my parents place and i'm in bed all day and i'm having these weird bouts of sleeping and the tv was on the whole time. I'd get up a weird movie, a weird holiday movie would be on i'd, go to sleep and then i'd get up and another movie would be on well within this. I guess cadence of sleeping, not sleeping bed having an awful day.
It's very common for the holiday season to be showing all the harry potter movies. So at one point i was awoken and harry potter and the sorcerer's stone was on. This is the first installment in the harry potter franchise. So i'm watching it and like i said this is the first one, so they're all pretty young and i'm paying attention.
And if you haven't seen the movie, there's a game. A sport within harry potter called quidditch, and it's just a wizarding slash which very popular sport and in the first movie there's this like old, chick and she's, pretty cool. You could tell she's fun she's the lady who teaches everyone all witches and wizards how to fly and she's like you got ta stand by your broom and you got ta, say up and right away harry does it and he is a natural and, of course, there's This bully who's an absolute dick malfoy, and he takes this other kid who he's ugly in the movies, but apparently in real life he's a hot model. His name is neville and he takes his thing.
That's a small ball and he chucks it because neville had previously broken his arm and there was no teacher stopping this bullying and harry's like you can't do that and he like hops on his broom and he's like i'll save the day and he's all of a Sudden he's never flown before, and this guy is simone biles in the air and he does a flip and he catches it right before crashing into this window, but like right before and when he does that another teacher sees him and she's like wow. I shouldn't be mad that this kid has been breaking all rules and he's flying when he's never been trained to fly, i'm impressed by the fact that he's someone athletic and he caught a small ball in the air, so she comes out she's like alright. Come with me and everyone's like ah hair, is in trouble and then she grabs them, and she goes to this other guy. Who is awkward and needs to learn how to act and she's like i found yourself a seeker and he's like what and harry's like what and then he learns about this game called quidditch and he finds out that he's going to be on the team as a Freshman, we all knew those cool kids in high school that made the varsity team as a freshman.
Well, that's your boy, harry potter. All right fast forward, he's training a little bit it's game, one and they're going against the green goblins. I think they're called slytherin. It doesn't matter for this story so anyway, they're there game.
One harry has this position of trying to find a little ball in the air and he's on his broom and he's not paying attention the entire first quarter of the game, the match, whatever you want to call it. This dude is a lazy player. It is very much like lebron on defense of the nba. He is not doing shit he's just sitting around he's watching he's watching he's watching everyone's like dude. Please freaking do something and out of nowhere he doesn't do something, but his broom does. His broom goes nuts and then harry's friends, a red-headed guy named ron, and then this other lady named hermione are watching them and they're like what's going on with the broom. That seems crazy. Broom shouldn't be doing this and they look over at this teacher that they don't like and they don't like him just because he has a smug attitude, black hair and a black cloak.
He seems a little bit scary. His name is snape, but for the remainder of this story, because it's easy we'll call him snake, they look over at snake and they're. Like he's murmuring, something that's bad! That's really bad he's the one who's jinxing this broom, because harry's going wild he's like riding a rodeo bowl all the way up in the air, while a whole game is going in he's like 12 years old and if he's falls, he's dead. So his friends ron and hermione run all the way over to snake, or i don't think ron does but hermione does and we need to stop this, and this is where the story takes off.
I believe they are 12 years old because i think to get into hogwarts the premier school of the mythical wizarding and which world i believe you have to be 12 year olds old, maybe 10, it doesn't matter they're under 13.. They see this guy who, to my understanding later in the series you find out, is a good guy, spoiler alert, i don't think you're supposed to say spoiler afterwards, but anyway, spoiler alert. You find out he's actually a good guy, and also this like relates to this. Like weird dude, who has like kind of a purple thing and that's vulnerable blah blah blah that doesn't matter what matters here is you have three young kids? One of these young kids is currently on the rodeo bowl up in the air.
His two friends think something insidious, something malicious is going on and they think we need to do it like a good friend would obviously a good friend would try to protect you if you're about to fall hundreds of feet out of the air, their go-to thought, because They think the perpetrator is snake, they run over to him in the stand he's in and folks. No one talks about this enough. If you've seen the movie, i came out of my sickness, i guess fog, and i was amazed to realize that this 12 year old hermione, who her entire caricature, is like a good person. She's smart, she's, really into school.
Her 12 year old thought was to light him on fire. Folks, let me repeat that one more time as a 12 year old she's like how can i protect my friend well, we need to stop him from jinxing this broom. Let me light him on fire. No one talks about this enough if a normal 12 year old did that or if anyone did that, that's not good. You have a very problematic child and you're, most likely going to have to be involved with some sort of psychiatrist, a therapist most likely the authorities. Her go-to thought was: let me light this man on fire with no proof he's trying to kill my friend, we just think he's trying to hurt my friend. We think it i'm gon na light. She lit him on fire, she did it.
She didn't even like, if you watched the scene, it literally did she didn't pause she's like all right done 12.. Do you know what that kind of person grows into later in life if at 12 they're, like i'm gon na, solve all of my problems and all of my friends problems by lighting them on fire, it was problematic. I think it's problematic. I don't think enough.
People are looking into it and basically i'm bringing the story up, because i think it's insane. I don't think enough. People are realizing how insane it is, and i think we need some questions answered, because that's that's so absurdly irresponsible and unreasonable for a 12 year old or anyone. It doesn't matter literally regardless of age.
You shouldn't be lighting. People on fire to save to solve your problems does not make sense. Anyway. That's a big realization i had when i was sick on friday on christmas eve, and i just wanted to share it with you, because i think uh more people need to be talking about it.
I think it's very important all right, iwm uh, i don't know who what was the name of the person before that didn't believe these were directly related. Look, it amc pushes comes down, pushes again, iwm pushes comes down pushes again does seem to be pretty directly related. Rather than inversely related uh sounds like somebody won on my team. That's that's one way to look at it.
True team player, how close should btf bito lgr is? I'm gon na follow crypto very, very closely rob living in the past four-year letterman legend. In my own mind, can we light up kenny g jk? Am i jk gary course? Did you rip a fart again this time on the stair stepper? No, i just my heart was like. We should probably stop. Don't worry, matt size doesn't matter the quality of content.
All right, i think, i'm i think, i'm up to date are the do people figure out on rumble. No, so it seems like it's still not coming up on rumble, but shout out to your outdoor adventures, bucktron, sex drugs and stonks. These names dred jenkins, sex drugs and stonks, very hey at least you're outspoken, about what your interests are, i'm into three things and three things: only sex drugs and stonks kind of like gasparino's into god, vodka and hating on the apes. We all have our thing.
How is tesla doing right now: uh 1100 remy and blah blah blah prong nvidia, slightly green, slightly green, all right honestly. These are kind of the three movers of the day like just look at the watches over here. Prague gme and amc they're, the ones that are up the much most and, like i said we got to keep the ones up that are doing something that are moving. I have no issue with that whatsoever: uh, hey matt! Please talk about how there must have been a shooter on the grassy knoll who shot g baby in hardball. No one else was even close to him. What's going on rydog matt, look buddy! Don't stop telling stories. Let's go moong gang all right. I guess!.
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