Market Volatility: Prepare For Battle
AMC, GME, AAPL, MSFT, LCID, NVDA, TSLA, BTC, ETH, SOL & SHIB
Dumb Money w/ Matt Ep. 196
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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. 196
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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πTrading Psychology: https://amzn.to/2Z3sjCM
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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.
Um, foreign, hey uh; yes, bye, hey hello, hello, hello, it is wednesday december 29th and we are back at it again to talk about stonks and options and crypto and futures and everything in between hey. I hope you enjoyed the thumbnail today. We were definitely cracking up as that one was being made just a little bit of something to put some some smile on your face. I i like to think that we are in a certain sense, as retail traders fighting the white walkers.
I think we're coming in um i'd like to think that we're kind of like the dothraki, but if you watched it - and you know how that ends - i'd i'd kind of like to be like a little bit better than that as a retail community. Maybe a little bit better symbolism we have going on there, but hey folks looks like we are going to get some volatility in the markets today, i'm very very excited for it. The money did officially hit that td account uh that 10k i was talking about. So if we see something crazy, maybe i'll hop in especially if we're seeing some big action, maybe a turnaround or a plummet.
Anything like that. We're just looking for some action for the first trade. You want to start the first trade of an account off on a good note, and i have that all over here, so we'll see how things are going, obviously not promising a trade. If the trade's, not there the trade's, not there, you don't want to be forcing it um, but i think it's going to be a fun day.
I think there's going to be some volatility. Some movement pre-market if you've been paying attention to it and i'm going to kind of give you the breakdown of the futures market, we're seeing some red for sure but um. I think it's going to lead to some overall volatility, so definitely be prepared, be prepared for some serious fighting, of course, we'll be tracking the spy. The q's iwm we'll be taking a look at amc, gme and then we're going to be taking a look at two of our favorite semiconductors amd and nvidia, and then, on top of that, we'll be paying attention to tesla.
There's an update there related to elon and potentially being done, selling we're going to be diving into that story, we'll be talking about apple, a little bit, of course, apple's on the watch list, just because it's right under that three trillion dollar market cap. So i think, there's going to be some excitement and enthusiasm related to apple and then finally, we'll be taking a look at maybe just some of the other leading tech plays, such as like microsoft, to see where the action's flowing are they flowing into bonds? Going a little bit more risk off or is money flowing from bonds into tech, and people are just enthusiastic about some of these higher growth opportunities and, of course, we'll take a sneak peek about what's going on in the world of crypto, things are still red, but I will i'll give you a little bit of an idea what's going on there, but obviously we'll be spending more time on crypto when we get to the crypto show at 2pm. Now, before i get into all that, i do have a very, very important correction to be, i guess, to announce uh, it's a correction that i need to make, because i think, whenever hey no one's perfect and when you make a mistake, you just have to own Up to it, so the story yesterday of amc, apparently pursuing a partnership with gamestop for their nft thing. Apparently that is not being confirmed. So what had happened? Let me kind of give you the storyline, so maybe it gives a better idea of how we got to this conversation right now, um. So i first heard about it: tmi had tweeted it out. I asked him for a link and in that time, within that 120 seconds i saw that binzinga had posted it. So benzynga has a direct access to bloomberg terminal, there's a lot of confusion about bloomberg, terminal and bloomberg news sources.
So a lot of the times bloomberg terminal is literally just one or two sentences. Not everything gets a story written about it, um just that's kind of how bloomberg terminal works because there's a lot of news, not everything is going to get a full-fledged story so both binzinga and weeble. I didn't see it on weeble to well way after, but both weeble and benzinga were getting sourced from bloomberg. Terminal bloomberg terminal got it from a source.
If you look that up on twitter, it's walter bloomberg, walter bloomberg is a both bloomberg bloomberg terminal and then this account delta, one on terminal or on twitter are highly respected. What had happened, and i'm starting to realize it overnight is there, was basically fake evidence presented to this twitter account walter bloomberg kind of some photoshop evidence about. What's going on, not real, they posted it and when they post something bloomberg terminal, sometimes picks it up. But later walter bloomberg, i know there's a lot of name overlapping here, let's just say, walter walter later deleted it after it already got on the terminal, and just so you know, when things get on the tournament terminal, there's like an automatic like literally a programmed response From the likes of benzinga and weeble they're, literally just cycling through the news and whenever it pops up on the terminal, they give it to all of us.
There wasn't uh there's some accusations of circular reporting going on here. There wasn't circular reporting. It was the original report, just was a duped, fake news source and then it obviously quickly spiraled out of control. My apologies for that.
Obviously, i never want fake news to get out there. That's exactly why i'm doing this is to say that it's not verified. Do i strongly believe it could still happen in the future without a doubt, without a doubt now going with this um? Obviously, sometimes there's fake news out there. This is one of those circumstances for sure.
That's why i'm retracting it! That's why i'm taking the time to explain what's going on the one thing i do want to say like on top of all this, i do kind of find it unique that there's a lot of people. I guess who are yelling at me to verify the source. Typically, bloomberg is the source - i don't know it's not like. I have the ability to call up bloomberg as, like a news station be like hey: where is this source, like typically in the world of finance, when bloomberg wall street journal the likes of those companies? Forbes are reporting something you're like okay, they like they did their due diligence like usually they are the source. This came from bloomberg. This came from forbes. This came from wall street journal. That source was bloomberg and i showed that in the video - and unfortunately, it seems like bloomberg source was incorrect in this scenario in the future, i'm still going to use bloomberg this, like one event i mean bloomberg, is posting, probably thousands of different updates a day, like Literally thousands are they bound to get one wrong? Does it absolutely suck that it was involved in this cool announcement related to amc and jamie without a doubt, but in the future? I still think that bloomberg most times, obviously not 100 of the time, is still a very credible source and i think a lot of the people who are arguing for hey matt verify yourself.
I don't know how to go out and verify. Like generally, you rely on bloomberg being a verified verified source like that's it's bloomberg terminal. This is something that has been on wall street for literally decades that everyone is ending like using um. I think a lot of it.
Maybe the underlying feeling is, i think most people are like: hey people make mistakes thanks for like owning up to it, thanks for trying to like correct yourself as soon as you realize what was going on, but i think a lot of it is being perpetuated by Just you have these hardcore people um that only believe in gamestop, and then you also have people who hate both gamestop and amc they're the ones pushing the narrative, not necessarily because they believe in journalistic truth. It's just more of a story that goes for them because you can't be in the same world of hang on verify your bloomberg source, but also i get all of my information from reddit. That's a natural logical contradiction, so i don't think they really care about the truth of journalism. They just are gon na, like hop on any story that, like fits their particular bias, and i think that's a big psychology thing and i think that's an important thing to remember in general.
So overall i just wanted to quickly give all of you an apology. I did end up perpetuating news that ended up not being true. The original source wasn't verified when it got to bloomberg, and then it just blew up from there. If anyone has suggestions in the future of how to possibly avoid this, i'm more than all ears for some criticism - and i don't like this - i don't like this feeling there's like a pit in your stomach when you know you have an audience and you get news Out there that you shouldn't have been putting out there because it wasn't properly verified um, but i was racking my brain on it last night and i was like okay. How do you possibly verify something at that level? Typically you're, relying on the likes of bloomberg. To always be accurate, so if anyone has any suggestions like very legitimately, i'm more than happy to hear it because it doesn't make me feel good in any sense to put out news that ends up being unverified, uncorroborated and most likely incorrect now in the future. Might the story end up being like some weird foreshadowing and could it be correct in the future? Yeah? Obviously, that's a possibility, but that at this moment in time, uh just to be explicitly clear. There's no verified source saying that amc's adam aaron reached out to gamestop for an nft partnership.
I just want to make that explicitly clear across the board all right, so we got that out there and now i thought that was obviously important. Now, let's hop into what's going on in the world of stonks all right, so right now things have been a little bit: whippy green red uh, it's kind of like kind of neutral right now, at first it was red, but as we're talking it's coming right, it's Bending back around so green green green oils down and we have yields up so like i said, i think it's gon na be a it's gon na be an interesting day for sure things are looking a little bit heavy but they're also at support. So it might just be heavy to the support and bounce off of it and we'll do some of these chart reviews or it might come to the sore breakdown and then there's some opportunity to play some volatility to the downside so market's a little bit whippy this Morning, but all like yes, it's showing green, but look at the percentages, they're all pretty much break. Even i do want to give you a little bit of a positive update in the world of unicorns.
Uh unicorn is not the same disease as previous rhona variants. So if you look into it, there's just some - i would argue from these scientists some positive things um. Where do we have the horrific scenes we saw a year ago, intensive care units being full lots of people dying prematurely? This is now history, in my view, and i think we should be reassured that that's likely to continue uh. The disease does appear to be less severe and many people spend a relatively short time in the hospital.
They don't need. High flow oxygen average length of stays. Apparently, three days, this is not the same disease we were seeing a year ago. So the current i guess variant that is like ripping through not only the us but globally, the data's coming in far less severe, far less severe.
All the metrics are saying less hospital time less mortality. This is good. This is a good silver lining. Obviously, would i prefer that it's not happening at all? Well, of course, but with it it sounds like the severe nature of it is far less than previous things. We have considered in general here are some important things to know about. There's not all of these that i want to hop into. I want to talk about elon musk, elon, musk's, super sale, tesla stock is just about done, we'll be hopping into that uh. We also want to talk about well, just in general, wed bush said: tesla stock will store another 28 in the new year.
That could be awesome, so maybe those two stories could see some positivity in tesla today, um, apparently a deal for colin kaepernick's back unraveled, because the former nfl star went into tv press for it uh. I hadn't heard about that before we have a little more development on metaverse. It seems like every day, there's more and more money, more more news, more and more developments related to the world of nft's metaverse. I strongly believe the year of 2022.
There is massive financial opportunity for people who know how to play these metaverse setups all right. We went over that. I want to talk a little bit right here about all right, so tesla we will be diving into that alibaba um. Apparently, it's considering the sale of 30 of its stake in the social media, advertising company weibo uh people kind of interested in that news, victoria's secret we're seeing some volatility there.
The intimate apparel retailer announced a sale of 250 accelerated million share repurchase program. Typically, when a company is doing a share, repurchase, that's a signal of strength and then i also wanted to dive into what we're seeing on apple. So circa 2020, there was a big big announcement. Apple said: hey, we've been using intel's processing chips, intel in the same world as nvidia amd, and they had been partnered with them for a long long time and it was kind of a bombshell announcement that apple's like we are ditching intel and we are going to Bring our processing chip making in-house and that's the new like m1, i'm if you have any apple computers or anything like that, you've probably heard about the n1 chip and yes, the m1 chip.
It is impressive. It is lightning fast and honestly for apple's debut into the world of like their own, very good processing chips. They really did like knock this one out of the park, so obviously that had interesting implications for both intel and apple, but for apple on apple side of it it very much paid off. In april 2021, ceo tim cook said during the company's fiscal second quarter.
Earnings call that the m1 ship helped fuel the 70.1 percent growth in apple's mac revenue. That is a crazy 70 growth in one like in their flagship product. That is ridiculous. Apple launched two more m1 computers in 2021, including an all-new imac and the new macbook pro, with even more powerful versions of the n1 chip. So right now actually for this streaming setup. Just for those of you who are curious about streaming, it is much better to be using a pc for streaming um, it's just. There are actually various reasons for it, so i use a pc for that and there's also actually training programs where i am a fan of using a pc. But i also personally use a mac, and i have to tell you: i have a mac that has the m1 chip, and it is lightning fast.
So, for any of you are curious of, like is the m1 chip, like all that it's cracked up to be, i mean it is, it is lightning lightning fast, and it was part of the thing that apparently fueled the 70 growth in apple's mac revenue man. I i think it's just a matter of time. The clock is ticking. I think it's just a matter of time before we get up to that 182 86 level, and why i'm talking about that? Is this level this top line? That's exactly when apple is officially a three trillion dollar company.
I think it's a race against time. I think what we have three more full trading days before this calendar year is out. I'm curious for all of you a little bit of a fun bet where you're just betting - your own. I guess your own ego who thinks that apple.
When do you think apple's going to hit a 3 trillion market cap total valuation? 2021. 2022. Put your guesses in chat 2021. Obviously you think apple will hit it this year, as in you think, it's going to hit it within the next three days and if you think it's going to be at some point in 2022, as in just missed the cutoff.
For this week, put 2022 in chat, uh very, very curious, i'm a little bit i'll, throw it out there i'll play the game, i'm going to throw 21.. I think it's going to be 2021 personally and yeah. I know that gives me three days, but i'm just being a little bit optimistic here. I think there's going to be a a pre-new year's run and i'm curious who's ooh.
I think i'm seeing more 2022s. 2069.. All right so just want to give you a quick little update there on apple. Alright, let's talk about what's going on with elon musk's super stock sale is just about done.
The tesla ceo has sold nearly 17 million shares and exercised all the tesla stock options in his training plan. So i want to clarify nearly nearly nearly nearly it's not being reported that it is fully done, but a lot of people are saying nearly elon musk exercised an option to buy about 1.6 million shares of tesla on tuesday. Think about that, i don't want you to just say: oh okay, he bought a lot 1.6 million. That means that for every dollar, if this goes from 1099 to 1100 to 1101, every single dollar movement on just that alone is a movement of 1.6 million dollars in his p l, every single doll - and that's just the add-on like this - isn't his full position.
Obviously he owns much much more, but i'm saying just from this options position now: every dollar that the stock moves, it's a swing of 1.6 million dollars. That is crazy. The billionaire sold over 934 000 shares for 1.02 billion, with a b musk stock sales are carried out to cover taxes on the exercise, the option under a pre-range trading plan. So a lot of the selling literally we know, is just for a tax situation, but i think there is going to be some positive psychology related to the fact of this ending of everyone's. Like oh, okay, like musk is done. We know he owns net like more. When there's those reports that, like tesla, ceo, elon musk, is fully done with his selling program um, i think there's gon na be some positivity in the stock. I think that will relate to some overall enthusiasm for sherp and i'm going to cover this more in the crypto show.
I just thought this was interesting. New pro shares, metaverse etf to track apple, meta and nvidia, so they filed for this etf yesterday with the sec. It's not yet approved, but once again we are seeing more, i guess well-established wall street entities and corporate entities throughout the world getting into the world and uh kind of recognizing the legitimacy of the world of not only crypto but right. Now, specifically, the metaverse and i'll get more into why.
I particularly believe that 2022 is going to end up being the year for a lot of gains to be made in the world of crypto and also particularly nft's slash the meniverse. And let's bring this back to stocks now. I just think this is interesting. These are the 10 most popular stocks on reddit's wall street bets forum.
I just wanted to give you the list, so robin hood discussed a lot. I you know my thoughts on robin hood. Meta, if you want to be involved with zuckerberg palantir coming in at number, eight microsoft number seven, i actually really like microsoft. That's like it's an easy one for your long-term account gamestop coming in at six, we have am d d, not c coming in at five nvidia, coming in at four amazon, coming in at three apple, coming in at two and tesler coming in at one just want To give you that quick, rundown of what the most popular ones on wall street bets are now before we get into the technical breakdowns of things.
I just want you to quickly know that amc has an estimated short interest of 17 and gme has an estimated short interest of 14 all right now, with all that out of the way, let's talk about some opportunities, particularly for today, so yesterday the s p. 500. The overall stock market hit a new all-time high, ding ding ding ding 478.81, when you're at these levels, you have to let price discovery play itself out. Yes, you could do some fibonacci extension to get roughly an idea or you can watch the major levels, such as 500 flat, but in reality it's open sky above and you just have to see where the areas of supply and demand really find themselves.
But hey that two days ago was the 69th highest close and actually, if you're, just going on closed metrics we're still at 69. So there is a world in where the calendar year of 2021 remains at 69. New all-time highs it's possible, but we'll have to see how today plays out the q's same as the spy push higher in the morning and then ended up like not really holding. But this morning we're still kind of there, like action, can still play out today and then iwm. We officially have three closes outside of this line, so i'm gon na say that's an official breakout and i'm actually now on the russell 2000 tracked by iwm. Looking for this gap fell up to 228.50 right here, the low from november 24th, so that's it for the three major indices that we should be paying attention to now, let's hop into some individual socks, i'm still watching the shoulder head, shoulder on amc, um, honestly, with These, unless there's crazy movements, there's absolutely no really reason to watch every single minute chart - and i know i've been saying this, but i want to drive it home, especially to people who are maybe now cycling in ever since, like the holiday season. I know this is a weird in-between week that a lot of people are on vacation and people are going to come back and start hitting training heavy really starting next week. But overall i mean i'm just watching this.
I'm hoping that 2670 can hold very much looking for 25 to hold, but shoulder head shoulder. Looking for the swing back around and the breakout about 31.25 in terms of gme, i want jimmy very much to hold on to 145 and i definitely want it to hold on to 140.. So we have a different technical setup right now for gamestop, relatively lower volume. Yesterday, it traded 1.33 mil, which was almost half of its 10-day average volume, currently not much excitement or enthusiasm in gamestop, but i think that could switch right away upon any verified announcement related to their nft marketplace.
Uh gamestop hanging out or not gamestop prog, i'm still in prague, holding on to two: let's see if it can actually bounce off of two and hopefully get a pop back up to that three dollar region uh, but right now add some support if it doesn't hold. There's the chance it actually gets pushed down to 150.. That's just reality. It doesn't make me feel good to say that i'm in it.
I don't want that to sell off to occur, but if it does, i would then be watching 150.. Let's talk about lucid uh, lucid, not really moving too much ever since december 10th kind of being range bound. We have some obvious support at 36 rivian we had this gap down and then it did a perfect gap fill and then yesterday was an inside day, as in the candle was perfectly uh consumed by the previous day's candle. So not much of a trend or a direction in rivium tesla.
I do think there's going to be some action today. I definitely think there's going to be some action today. Let me get rid of some of these just to clean up the chart, a wee bit for everyone um. Let me just figure out what levels? Okay, let me watch those and then let me watch this to the upside um. Even though yesterday was a little bit of a breather overall, i am bullish on tesla we had one two three four nice green days. Then it took a little bit of a breather. Obviously, it's not the craziest thing for the rsi to cool off when things are running that hot i mean. If you look at the four hour or the two hour, uh obvious obvious bearish diversion so things might cool off um, i'm kind of watching the 1080.
The 1060 region, but if it starts to push 1120, it might just be round two and push higher and higher and higher in terms of apple. You know the level 182. 86. That's a magical level, honestly for the past week and a half, it's had a very similar chart to tesla where we had a nice push.
Things got a little bit hot, especially on the four hour on the two hour. It might just take a need a little bit of a breather here running into some resistance, so look forward to base, hopefully make a new higher low and then build up some momentum to finally break out of 182. in terms of amd. A semiconductor company shot up, and now it's building a base at a previous resistance of 150 152.
I love it. A lot of the cues. A lot of these big tech plays these well-known tech plays, are all in the same general pattern of they all recently exploded and right now, they're taking a breather, and i wouldn't be surprised if they all get out of their breather. At the exact same time, uh corsair crsr - i got into that around 22, i'm now currently risking 20..
I think it's a solid risk reward setup play that one's. Actually, my public account. If you want to see that, and when i'm saying public i mean not public, as in public, i mean public as in the brokerage public. But anyway i think the risk reward is a great setup, and i also like the esports industry in terms of microsoft.
Not much different from the other tech plays still pretty strong and nvidia hey this one in line with amd in line with intel, uh you're science, seeing a lot of rhyme and reason across the world of big tech. So let me bring it over to this one. Let me drop, i know we have about two minutes left. Let me just get ready for opening um if there's not much movement again on gme today we're going to swap that out for one that is moving just because hey you obviously want to watch the ones that are moving.
It's silly to watch paint dry. So, let's get ready, let's get ready. I think today, we're gon na know a lot within those first. 10.
20 30 minutes you're going to see if on the spy, particularly, let me show you this on the spy, particularly here's our support. The question is: what's going to happen, 476, are we going to bounce off of it? Is it going to hold, or is it going to break through, so i'm particularly watching that and then i'm also watching 478., so i'm playing this region between between 476 478 on the s p, 500. Obviously, above it is bullish below it, bearish so that 476 to 478, and it looks like it might want to make an early run all the way up to 478.. Should we expect tesla to go up since elon is done? Selling thinking about options show me what you might do um, i think now remember. It was reported that he was nearly done. I think on the report that he is officially done. Yes, you could see some action there. So mary is saying: matt hospitalization is up with children and that's a fact.
So i didn't see any reports on children. I think the data being cited over by the uk study - i'm assuming was adults um. So that's obviously something to consider, obviously, if clearly, if you're a parent, but i would, i guess my question to follow up to that i mean i believe that the hospitalization is up but um. I think the a very important number is, first of all, are hospitals being inundated to the point that they can't handle it because, like that was obviously a big problem.
Bell go ding ding ding, oh, not yeah! Okay, i have 50 seconds to go, so i want to make sure that hospitals can still handle the inflow and the spike. We don't want any of those bottleneck issues and also um. We, the numbers that i've been really relating to severity and mortality, are much lower, which is good, and i hope that that is a true statement. Also in the world of i guess adolescence.
Uh, do you have a video covering stable coins, usdc or tethered pros cons? Is safe thanks for all you do i don't andrew, but i would happily make one i bought 50 amc. 120 23. 50 puts thoughts. You bought 50 amc.
120. 50 cent wait, so you bought in the money, puts i'm a little bit confused on that velvet. Ding ding ding, the casino is open. Um you bought deep in the money puts, i guess velvet.
I would need to know kind of like what you're going for there, because that's not like i myself, whether it comes to puts or calls not even specific, to amc but across the board. I like am rarely rarely buying a like something. That's deep in the money. So i'd have to kind of know the tactic that you're going and did you buy or you sold yeah.
I guess i have some follow-up questions. Hey matt isig possible squeeze play mac. Can you take a look at on torque's 1 million flow opportunity to make some quick cash to porn at amc? Alright, so you are talking about isig all right. Isig short interest is not announced, so i don't know if it's heavily shorted or not, but i'll bring it up over here.
Just so, we remember to check on it. Isig, hey it's looking good for some. Whatever reason it is not being reported on ortex, i don't it's on the nasdaq yeah. Unfortunately, i know it has a high cost of borrowing.
A high utilization cost of bar is 480 or 380 percent utilization is 99.6 and it's a low float. I just i'm assuming the short interest is considerably high. It's roughly, it seems to be around at least 50 percent, just like doing a rough estimate disney finally ready to rip. So we were talking about disney, i believe the 155s a bit ago um so in here. Roughly in mid-december, we were talking about the disney 155s, i believe for the jan monthlies and those are finally starting to pay off. So if you got those awesome like congrats, i would actually be next level if you still want to swing some of your position. I'd be watching the 157 66's um right here, this low, so basically 157 158, but those are finally in the money uh disney, showing some strength, tech showing some strength, all right, gamestop already having super low volume. So, let's see what tesla's doing tesla coming down a little bit, how's apple, doing apple had a quick morning pop.
How is roku doing. I know we were talking about roku yesterday. Let me get rid of some of these lines. Let's clean this up a little bit.
Roku breaking down the support, so that would have been a quick cut play. Obviously, you could always come back depending on like the time frame that you're dealing with but um. If you were sticking very much to your plan, that would have been a loss at 145. You would have cut that position all right apple, coming back around cues waking up apple, pushing interesting, hang on.
Are there a lot of things pushing hmm? I'm i'm just curious, because i thought there would be a stronger reaction to the news that elon is almost done. 1090. interesting the q's showing some strength. Is there any big flow today? Not quite yet.
I know we're just a couple minutes in. Let me reload this just to double check. Okay, so no big flow at this moment in time - apple apple, apple, apple, man. How much do i actually like apple, how much of an apple fanboy do i want to be it's at some resistance right now: apple apple man, that all right, like i like apple, but the rsi like it.
Just i feel like you could get a cheaper price like i just don't like buying when the rsi is that overextended, it always like. I know it's exciting and you're, like dude the train's leaving. I need to hop on the train but um. I have found that sometimes it works out, but those sometimes are very, very small, very very small um.
It's it's most of the time buying when the rsi is already that high. It's just not like a winning formula in the long term, so patients patients patients, especially if i'm having a public account, i can't be doing like the dumb ones, because i know so many of you will be judging me. Um patience is key spy. Looking good, though, all right, so we actually see apple coming down a little bit right now, you see apple coming down a little bit and tesla the bollinger band.
You know, since we did, that teaching of the keltner channel yesterday, here's your keltner very, very similar to the bollinger just trying to show some of those similarities. Do you think that meta round hill ball universe, metaverse etf, as an investment um i haven't heard. I don't know which ones, particularly in that um, but i was reading more about the pro shares one and it it seems as if they're kind of following, like the main ship metaverse related companies, apple meta as an aka facebook, those types of things. So if you don't want to have to pick in between the ones that you think will do the best that that's definitely an option, all right hang on one second oops. Why is it doing that? Oh updates updates, updates updates? Oh, where are you macd the spy? What are you doing? Cues? The queues are dipping a bit. The cues are dipping a bit. I don't know they try to get bounce in here, not the most confident the rsi getting definitely beat up, rsi totally getting beat up all right. What is my password? Where is the money where's? The money show me the money all right.
Let me just minimize that for now i want to know where the bullish flow is all right, just transferred from robin hood to fidelity took one day shout out chris. You know where judging happened. Your super secret boyfriend, north korea, that's where is that what you wanted shout out brendan all right, any flow, yet ooh tesla kind of coming back around apple flat, but the q's questionable, so you have okay. This is interesting.
This is actually hang on. Oh, let me do something very quickly. How do i take this off the screen to not annoy any of you all right, all right, all right, all right, i don't know if i dox myself with any important information trade tesla sevens hang out. I'm just doing some quick math in my head, which could obviously be embarrassing.
Wouldn't that no, i don't like those for jan 7 chan, 7. Okay, whoa. These are expensive ain't messing around today. Those are lots of money.
Mucho money wow might need to attack that with more of a surgical knife type of a situation that is pricey, but the queue is getting that pop. Ah, all right, let's see how this works. I haven't look at that beautiful q pop confirm and send all right rejected. Why was that rejected? I don't know if you guys could hear that or not, but i was rejected and i'm unsure why it's been uh a minute.
Since i've used the thinkorswim platform, super powerful, monitor, working orders filled, orders cancelled. Why was it cancelled? How do i see its reasoning? You will open a prohibited position with buying power. Illegal minus one share. What an illegal position.
How is it illegal? Look at me already breaking the law on the day. Oh, it says my options: pine power. 25. 26..
I guess i just have no options buying power. So not gon na happen today, anyway. That's why it's illegal. So how is the money available funds for trading ten thousand day trades left three, but options buying power? Nothing! I guess i have to wait. I guess it takes more time. Well, i hope all of you are having fun without me, but i was about to go long on some tesla right there myself and just risk the 1085 level. Um money has not cleared, but then why does it? Let me buy stock with it. The funds need to settle before you use your options, but, oh okay, so they kind of spot you some stock stuff before that makes sense.
I think i've seen that before that, so the money must have like. I guess like partially cleared well they'll give you some stock uh liquidity. It has to be cleared cash, immediate yeah, i'll figure that out. I assume it needs a little bit more time, it's probably by the end of the week.
So this might be uh. Who knows? Maybe it's a savings grace. Maybe i was about to make a stupid trade anyway. Uh.
Can you make last night's harry potter, video thumbnail into an nft and sell it with discord access? We could do that. Merry xmas, you chewing gum. What is that so many words? I'm not allowed to type until susan, i said she's the one with no potential i just got tesla calls use your magic 8-ball. Make me some money duck boy.
Well at first it was looking good, but right now you would want to be very much eyeing up. 1080 and hope that that support holds and on the bigger picture, here's where you would be at let's look at the 15 minute, you're kind of watching 1, 000. Actually. 84..
That's like support support some resistance. That's a good level! That's a very realistic level for tesla to bounce off of what a dip buy amc getting smacked at 2820, coming down to uh 27.07 right now, so going down a little bit over a dollar um apple, going flat! All right, that's getting boring is gamestop doing anything! Gamestop, going down amc going down all right: let's, let's get some positivity in here. What's going up apple flat amd going down crsr going down microsoft, microsoft swinging background showing a little bit of green technically gme is also great on the day, but uh would prefer very much for that. To hold 150 is the spy the spy went up to right, like i said, resistance, 478 and it got smacked there.
So, let's see if it can build up some momentum, man, i think tesla's gon na pay payoff, i'm kind of bummed out on why i didn't how do you know if you're approved td, ameritrade, um td ameritrade, all right, matt coors account value, so it has my Value in there, my account positions balances. How do you see your positions balances all right? Current value balance history, details, funds available for trading, it does have the full amount is this account, maybe just not approved for options trading, all right, yeah. I wish this were a little bit easier. Whatever this is yeah i'll figure, this out we'll figure this out in between not a big deal.
You have to apply to trade options on ameritrade, so i think look into your account settings and look for level. Two look in your account settings yeah like for the level two options i swear. I did this before because i've had the account for a bit, but recently it's just been a bunch of stock. I wasn't really doing options in it. Education request options, approval or upgrade. That's what i need apply for upgrade um, hmm uh, all right. We have that. What's my investment objectives for this account aggressive growth, aggressive growth - oh, i hope i get approved, because if i don't, i can't apply again for 60 days.
High risk high reward. It's kind of like options itself, we'll add advanced options, training to your account within one business day, bada boom, thanks for all the help there aggressive growth. Of course, i'm looking for aggressive growth. What am i looking for non-aggressive growth? What kind of what kind of question is that imagine that hey uh, how much money are you trying to make i'm just trying to make a little like i i would hate it if my gains were too much.
What do we have prog short interest? More than happy to give you an update on that prog short interest program, prague progenity has a short interest of 18, a cost to borrow of 25 a utilization of 93 and shares on loan of 33 mil. How do you feel about farm i'm bag? Holding? It's a coin farm farm farm farm farm uh - i don't know much about it, but it looks like it might have finally put in a bottom you're, just looking for the breakout and hold above 175, but it shot up, came down, looks like it ran into some Of this consolidation support and might be bouncing like for the break and hold above 175, 176 microsoft, crushing it apple, looks like it wants to do something. Do we have any what's going on with the whales? Oh, we have some coming in tesla at 9 46. So this was four minutes ago, a tesla 1090 for this friday.
Oh, i should probably hang on. Let me change one of the filters for everyone: okay, cool cool cool cool. I added a little bit more action there. So what are we seeing? This is the white? The white bar right here is the um.
That means it started today, so tdoc uh tesla apple facebook. What do we have coming in most recently a tesla put a tesla put and they are looking at january, 7th g or december 31st. But then someone undid that with 4x the size of the bet 3.5 x, the size of the bet for also the same date and they're looking at the 1090s. So we're kind of seeing a mixture of call inputs not a clear direction.
Quite yet, and in a weird way, you could say that's actually being represented by like kind of the weird chop, action that we're seeing your female parents are aggressive growth boom, uh matt, stick your thick in the wall and make tesla go up charge it up bay. Uh i mean with the qs the spy's popping hey. You can actually feel like in real time right now. You can feel everything turning um. I think it's about to go bullish, but let's see if the spy can get above 478, that's incredibly important and also see if the queues can get above 403 the spy above 478. The queue is above 403. I think things get popping today popping today, but let's see, let's see, let's see right here. Let me mark that out microsoft, crushing it uh how about nvidia trying to come back around microsoft, we know is doing well, corsair 2140 amd looking just like nvidia.
We know what about apple tesla, 1080. 1060 to 80, is the region of support rivian getting a little bit of a bounce, lucid, very nicely coming off of its lower region. Oh apple's about to rip, so am i approved to play apple anyone. Anyone at all my positions, uh apple, do i need to do a quick reload.
Let me see all right. Let me do this real, quick apple's. Looking like a beaut, a beaut, there clark, that's not my password. What other type of okay we just got a nicola put that came through.
We looked at farm. Let's take a quick look at crypto ooh. Finally, maybe getting a bounce is this done? Is this mini bloodbath over? No, i'm still not approved nah. It's gon na.
Take a business day a business day, all right spy about to do its thing, q's a little bit behind how's the russell. Looking, let's throw the russell up the russell actually also looking strong, so what's going on with amc, then, if the russell gets going 223 a little bit interesting, amc kind of lagging behind today, relative to the russell oops i lost chat, i lost chat, matt you're on Weeble news under amc, ticker uh. What did it say about me? I don't really use we. I don't like weeble.
I don't think really anyone should be on weeble um. Is it good news, bad news uh? When i applied for options on ts, i was approved within an hour, so google, oh okay, so it could go quick. Could you check b, f, r, i n or text more than happy to b, f r, i b f r. I estimated short interest is 27 percent cost to borrow of 320 utilization of 99 shares on loan of 2.75 mil, which means it's a low flow.
Let's look at the chart for bfri uh, so i guess it did its gaffer and it's right now at support. I mean it came out, shot up, came down, retesting the rsi got a little hot and that's a good risk level. The high sevens to play off that support the risk reward is there. I don't know much of it like a company, it's a pharmaceutical which just isn't i don't dislike pharmaceuticals, it's just not where my expertise like is so um.
I don't want to like drive anyone in the wrong direction in a field that i no way understand, but from a technical level, that's a that's! A good risk reward setup double denied getting smacked right there on the market. Look at that! We did not have enough momentum, you used to promote weeble what happened uh. I learned about payment for order flow people like use that, as like some weird hit of like you used to promote weeble um, i also used to promote robinhood and then you just learn and grow um. I i i guess, like i find that one particularly confusing like people, think it's like a needling thing. Um you used to well yeah, okay and then i realized what was going on and i was an adult and stepped up. I was the first one to get off of weeble like out of all creators. I was the first one to ditch weeble like i. I don't get it like.
If you're going to hold me to some sort of standard that, like you, have to always know, what's going on well, that type of mindset you're not going to be a successful um trader ever because, like you're, going to make mistakes you're going to take missteps and You just own up to it. You learn your lesson and you go on and you explain what's happening so humans aren't allowed to make mistakes. Didn't you know um you like weeble charts, that's fine! If you like the charts. I also, i think the charts are actually impressive charts, but i also like training view charts matt used to promote manscape too.
So, what's your point, could you please pull up new n-e-w? What is going on with new whoa uh? So it's a penny stock. So i wouldn't mess with it because of that, like that's just a i don't trade penny stocks um it has one get like today is awesome if you're in it, but also its chart its historic chart. All it's been doing is selling off but uh. If you're in it congrats, but i uh, penny stocks, it's a tough tough world to be successful.
In penny stocks uh in a few months trading view is horrible. Oh craig, why don't you like trading view? I've had a very good experience like i like these charts. Quite a bit uh, i'm curious why you haven't been having a good time with it, or i mean i think most people um. I actually like enjoy training view.
I'm curious like what your your issues is it like, because if it's a setting thing i'm more than happy to like help you out of get it setting like set up the way i have it, but maybe you just don't like it for another reason which hey To each of their own there's nothing wrong with that. Maybe they just don't know about payment for order flow yet could be um. So a lot of these free brokerages, don't um. I don't think that they're beneficial to the trader.
I don't think they care about the trader. I think they care about their own bottom line, and we know that the likes of robin hood and weeble have explicitly gone out of their way to accept higher payment for order flow in turn for worse quality execution. So, in the long run, when everyone's losing a couple cents on every single trade multiplied by all their customers, that's making them money and i think that's just like a really shitty way to like treat your clientele um. So we know robin hood engages in that.
We know we build engages in that, so for me i just don't like it. Obviously i have a public account. Public does not do payment for order flow. They do not do market makers. You should check it out. You could also a bonus of doing that. If you sign up for public.com just go to public.com course, it's free trading free to sign up you get up to 70 of stock. You can see.
What's in my public brokerages account, you can see the stocks that i'm in so a little bit of a bonus. There, if you want to see what i'm in obviously in it you're going to see amc, gme, prog and corsair are the ones in it in that particular account right now, but it's still commission free commission less. I should say um if that's something that you're looking for, if you're looking for something uh, i'm not the. I feel weird about fidelity just because of something that happened a couple weeks ago with, like the amount of loan shares being reported for gamestop.
So, like i, i don't really know, what's going on there, um think or swim, it's very popular if you're going to be trading stock on it. If you need to route your orders like you need to pick the exchange on which you want it executed, because, if not it'll most likely end up at fidelity, that's kind of the same issue or not fidelity citadel. That's kind of the same issue with fidelity is: if you're not intentionally rounding your orders, there's a high high chance. It ends up still at citadel um, one that i like, if you're willing to pay like, if you, if you don't have an issue paying um, i think interactive brokers is something really worthwhile to look into almost everyone.
I know on wall street for their personal accounts, uses interactive brokers, so that probably should tell you something that it is highly highly respected and highly regarded within the industry of people who are trading their own personal account. Uh dave lauer new training platform, uh yeah the terminal, so he he has some really cool things, but it's not quite out yet uh. I'm i'm excited for that to really get going, obviously, where's. The next support on amc amc.
I it's actually at support right now of 27 and then the next support from there is at 25 and even at 25 25 would actually be a picture perfect head and shoulders. I'd prefer it to just stay here, though. Obviously at 27. man is it another.
Just like sideways burn day, what do we have like if like look at the spy up and then just sideways queue, sideways iwm, sideways, apple, tesla, microsoft? What else do we have nvidia corsair? What is moving? I guess microsoft is ending up being the winner of the day, uh robin hood new all-time low, robin hood, getting absolutely smoked, tesla coming down. I guess to that 1060 level that maybe we're talking about what's going. Where is the opportunity? It's a red day, it's a red day we're getting a little bit of a bounce in crypto, a baby bounce going. This might be the start.
Hopefully this is the turn in the crypto sphere, hood getting annihilated. What else do we have how's that isig one that people were talking about, that one shot up, but also now not holding? It went from 30 currently down to 24.50, so the air being? Let out of that one thoughts on calls: tesla 11017 tesla, 1085. 17. Apple. 180, 121. uh, the apple. I would go higher tony h, you're buying it in the money um. That's mine, though, like maybe i'm a little bit.
Maybe you want to particularly be in the money, but if you're looking at the jan 121's, the jan monthlies, i mean i'd - probably end up actually looking at like the 185s, if you're actually bullish, but then for tesla tesla, tesla tesla. I, like those tony h, but i wouldn't pull the trigger on it right now. I would be watching 1060. uh definitely be watching 1060..
Anyone still in amc, i think, there's a lot of people in amc. Could you drop a some diamonds in chat? If you still currently own amc uh, i still own amc. My my point in all of this is there's really no reason to watch every single minute bar, especially if it's causing like a giant um, negative mental reaction like if you're a diamond-handed ape you don't have to watch. You could just check on it like occasionally be like okay, like that's where it's going on and, of course, if there's news, hopefully real news, um, i'm more than happy to cover it.
But you kind of have to track like the movers of the day and amc right now, it's moving just, unfortunately in the incorrect direction. What i think we all really want to know is: how does your face fit into all face on your thumbnail wake up, sheeple his face fits in faces. Yeah. I've been told that my face, like my designer my graphic designer he was even noting how odd it is of how easy it is to put my face on many other people's faces.
I guess i just have like a generic ass face. Uh, i don't know what it is, but yeah it is. It's concerning scientists are looking into it apple, not holding right now, spy, not holding q's, not holding what is going on microsoft. This is why it's incredibly important, incredibly important to look at bigger time frames as well, and i'm talking about how like, if you pulled up the two hour, the four hour, the rsi kind of high, like we shot up like if you looked at this picture, you're, Like okay, hang on, i think there might be like a legitimate correction somewhere so make sure your trade aligns on more than just one time frame, don't see an explosion on a one minute chart be like.
I got ta get in check out the 15 check out the two hour check out the time frames that are somewhat related to where you're like how long you actually might be involved in the trade uh speaking of which okay where's the action coming across uh atvi. Someone was just talking about activision someone just dropped 200k on atvi fuel cell, getting a put someone's betting against fuel cell betting against nicola betting against xlnx. I haven't heard of that company. I haven't traded it before bullish, bullish, bullish, atvi. Is there opportunity in atvi what was my prediction on atvi here's, my generic prediction, so some money, betting on that not the craziest looking chart crypto still kind of waking up a little bit: amc, not holding 27, maybe it'll hold on 25 gme, not holding 145. Hopefully, it'll hold on 140. um. These are both getting hit pretty hard.
Today, look at they popped up, they came down, they had a little pop and now they're bleeding, not ideal iwm attempting to fight back. How is disney looking man. This is just one of those days that it's not there's not a crazy amount of opportunity um, so many misleading videos put out to get views and subscribers than telling people to calm down. If you're referencing me, i would love to know an example of something i put out that was misleading to get views and subscribers.
If anything, out of all of this i've been the person, i think who's been most calm day over day. Actually, people have yelled at me for it they're like why, don't you just like pump us up more matt? That's not fair! Oh my god. It's just trading! I don't know this is who i am. I think it's.
Owning up and correcting data content. Thatβs why I like these YouTube channels over News feedsβ¦ Respect. π¦
You are a clown
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