Market Pushing Higher (AAPL, AMC, GME, NVDA & TSLA)
Dumb Money w/ Matt Ep. 198
AMC, GME, AAPL, MSFT, LCID, NVDA, TSLA, BTC, ETH, SOL & SHIB
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RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
DISCLOSURE:
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Dumb Money w/ Matt Ep. 198
AMC, GME, AAPL, MSFT, LCID, NVDA, TSLA, BTC, ETH, SOL & SHIB
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
FREE $25 on Voyager (Referral Code MATT21): https://bit.ly/VoyagerKohrs
π¦π¦π¦ New Rumble Channel: https://rumble.com/c/MattKohrs
π¦π¦π¦ New YT Channel: https://www.youtube.com/c/MattKohrsClips
πππ Emoji Charting: http://bit.ly/TradingViewChartingSoftware
πππ Moon Gang Merch: https://moongangmerch.com/
πππ Discord: https://www.patreon.com/MattKohrs
π°Options Picker: http://bit.ly/Tiblio
Socials:
π YouTube Channel: http://bit.ly/MattKohrs
π¦ Twitter: https://twitter.com/matt_kohrs
π₯ Twitch: https://www.twitch.tv/matt_kohrs
π· Insta: https://www.instagram.com/matt_kohrs/
Book Recommendations:
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.
Uh, oh good, three, two one, five stop the record: hello, hello and, of course, welcome back to the best financial media show on this side of the planet. Hello, hello, hello, i hope you're having an absolutely fantastic thursday morning. It is december 30th we have today and tomorrow to end the year on a bang. I hope you leave it all on the field two more trading days.
This is the time this is what we've been practicing for. This is our super bowl. You got ta leave it all out on the field. Now i'm hoping that there's quite a bit of volatility, i hope there's quite a bit of action.
I hope there's a lot of things that we can pay attention to do talk about see what's going on. Of course, we'll be looking into tibio, seeing what's going on in the options market, but we'll be checking the whales on unusual whales, we'll be seeing what's going on in the crypto market. I have some news for you we'll be looking about talking about looking into. I know there's still a hot discussion about this td ameritrade short interest report, as it relates to like also many other things so we'll be getting into that particular storyline.
We have a decent amount to talk about and, of course before that bell goes ding, ding ding. I want to answer any of your questions, pre-market questions and maybe we'll also do some technicals. So with all that being said, welcome back to dumb money, let's see how dumb we can possibly get today. Just so you know things are a little bit green this morning.
They're green, not the most green but green, green, green, the dow, the s p and the nasdaq oil's a little bit down. The yields are down a little bit abnormal to see the nasdaq and the yields be a little bit mismatched, but they're really not that far off and part of that has to do with this. Weekly jobless claims total 198 000 less than expected and around 52-year low. So jobless claims going down.
That's some positive news: there jobless claims for the week ended ending on december 25th, totaled 198, when the expectation was 205 uh, dow jones forecast and adip 8000 from previous period. So that's your solid, like i guess. Overall economic update there 10 things to know before the opening bell uh. There was a couple things i wanted to uh jump in right here: uh u.s stocks are set for modestly higher start later.
Okay, we know the jobless claims came in a little bit stronger, so people are reacting positively. To that. I do want to give you a quick update. We are in the world of unicorns and unicorn issues, some of the data's coming in and there's a couple things.
I want to talk about first of all, we're getting additional data that things are not as severe in terms of mortality. That's good, and it seems like also in terms of the like, i guess, kind - of clogging backlog issues at hospitals, especially if you remember what happened early in 2020, when it was really first hitting the u.s we're not seeing those extreme like hospitalization issues. In terms of being flooded, yes, are they busy absolutely i'm just saying on a relative basis, just trying to focus on a little bit of the silver lining here, but i also did read earlier today. Let me just make sure i'm getting this right. Austria is planning to impose fines on people, age, 14 and older, who are unvaccinated. That's that's actually kind of crazy. Three financial experts told insider how to reduce your taxes. So if you want to learn a little bit about taxes check this out on the docket there's no really, i guess big earnings that i think uh like we would be particularly interested in kathy woods arc invest.
So we've been talking about that and it's relative underperformance to basically the spy in the queues recently sold more tesla stock and bought shares of virtual healthcare, firm teledoc, you know uh. I don't know how i tesla she might just be doing like risk management um. Obviously, she doesn't want to get over that 10 mark for one individual holding so with tesla's recent push. It might just be that it might not be really her hating on tesla, but i am also a i guess, supporter of teledoc.
I think it is an impressive one. The biggest thing that i see her doing that i very very much don't agree with, is actually she's continually buying robin hood. Now, speaking of robin hood, i do have an update for you. Robin hood is launching a beta version of its crypto wallet in january now i i've been outspokenly against robin hood.
I haven't been hiding that at all um with this, i think it might be helping it a little bit. I mean it literally hit an all-time low. Yesterday, robin hood, like just like that meme of the dog saying it's fine and everything's on fire, that's kind of how i picture robin hood's office over the past, like particularly the past two to three months um. So if you're on robin hood, which i'm not saying, is like really a good idea at all, but apparently they are coming out with crypto wall.
So i don't know i feel bad because they, the company, obviously does have employees. It's not like everyone's, like vlad attentive. So it's uh, it's an interesting situation and they they might get a little pop out of this, especially if they're it's popular. If people are actively trading crypto uh, we know that robin hood kind of saved its second quarter from the amount of doge coining and then dogecoin trading, but then it missed out when it never adopted sheep.
So some crypto might be able to help this company from going bankrupt but um in terms of trusting it for stock trading uh. I don't think many people trust it. I think a lot of people lost its trust and that's very, very difficult to win back, but anyway, uh proshare plans to launch a metaverse etf that tracks companies like apple meta, that one's kind of cool they filed on tuesday. Just so, you know i'll be talking about this more in the crypto stream, the ceo of tokens.com estimated. He has a 10-fold appreciation in his metaverse property portfolio. It's all about location. Obviously, a common saying in real estate, location, location, location, nft, sales hit 319 million over the past week. That is a chunk of change.
Nine uh top wall street firms share their 2022 predictions for inflation and how to invest. So i want to dive a little bit more into this, so for 2022, if you're, looking at a prediction, a lot of these, i guess: fancy schmancy wall street firms, the one that you're gon na see continually is financial. So if you have rate hikes, it's kind of funny that they're asking the likes of goldman morgan stanley and they are calling out their their own stocks to do well. They're saying the financial sector should perform well, and i think that's just like it's a little interesting.
But i also don't think they're wrong just because, with rate hikes, typically, these big banks do make more money. I would say the most second common one was probably healthcare and then, from that you're, seeing some like, i guess, predictions for the energy sector and also for like emerging markets, but by far financials and healthcare, were like one and two in terms of their predictions. I think they're probably right with that, but i would also add in that i think the upcoming year between crypto, but specifically i want to call out nfts and metaverse. Yes, they were obviously very hot this year, but i don't think that they're going to slow down at all for the calendar year of 2022, and if you want to see what's going on, this is the article you could check it out of all their calls.
But you're going to just see that continued pattern of financials financials a little bit of energy, a little bit of emerging markets and some health care uh for financials. You could look at jp morgan, morgensterling goldman credit, suisse, deutsche bank, all of those bank of america for health care, the one that i'm actually already personally in is united healthcare. Unh i've been in that since 2020, it's the biggest biggest health insurance provider in the us. It's literally the goliath of a company and also has a pretty decent dividend, but that's one that i just have in my long term portfolio that i sit and i don't pay attention to it recently.
The stock has been doing very well. The only little caveat i want to add to you about health care. It's not anything. That's going to ever, like i don't know like be carrying your portfolio like a massive percentage gain over the year, but it's always it's solidly trending upward.
The only caution i want to give to all of you is the thing that could really impact. It is any massive political shift in terms of health insurance, especially if it's based in the us, so maybe one, i guess, like political call out to pay attention to. If you think that there are big changes on the horizon, the one thing i wanted to bring here is microstrategy mstr, so microstrategy, founded and run by michael saylor, michael saylor, a huge, huge, huge bitcoin supporter. They it just came out that they bought 1900 new, more bitcoin. A lot of people are actually attacking attacking mstr as basically being uh an etf for bitcoin, because of that's how much bitcoin they had on their balance sheet have on their balance sheet, and it's increasing. Increasing increasing so the stock is up right now, because bitcoin's actually bouncing we're bouncing off of 4 600 back up to 47.. So because of that, because they have so much bitcoin on their balance sheet, a lot of people are arguing. You could just treat mstr as a direct etf for the value of bitcoin just want to bring that up speaking of bitcoin, and i just think that there, every single day between the world of crypto and particularly the retail, i guess, gripe - that is being represented symbolically From amc in gme, i see a lot of overlap and here's just another.
One: bitcoin died 45 times in 2021, as media is still eager to post btc obituaries. According to bitcoin obituaries data by bitcoin education, poor portal, 99 bitcoins, the original cryptocurrency was declared dead. As many as 45 times in 2021 - and that was threefold from 2020, but there were quite a few more in 2017 124 times so people always declaring it dead, and i'm just trying to. I guess highlight the connection of the fact that how many times has media declared amc dead when it's up 1200 on the year, how many times have they declared gme dead when it's up over 700 on the year, i'm seeing a lot of psychology overlap between um.
These various groups and the way that i guess media is choosing to portray it to the rest of. I guess their audience of saying these types of things are dead when in reality, people are making a massive amount of money off of them. Just found that to be particularly interesting and a little bit more specific, specific to a theory or bitcoin's brother ethereum, ethereum whales, dumping ethereum as price slides below 4 000.. So that did happen but similar to bitcoin.
We are seeing a bounce there, but once again we're going to get into more detail about what's going on with crypto and the do's and the don'ts and some opportunities on the crypto stream, which is at 2 p.m. Monday to friday. I do want to spend a little bit time about talking about this now this isn't a trick question at all, but when i ask you who is the best trader, maybe someone like warren buffett pops up in your head? Maybe someone like jesse livermore, maybe ray dalio, there's a host of people that have various books written about them that have written various books. They are considered to be wall street titans wall street leaders.
They are the rainmakers, the movers and the shakers, but over the past year, two years, i think all of those people have actually been dethroned in the game of thrones. I think we actually no longer have a king. I think we have a queen, the queen of stocks, how nancy pelosi became the biggest meme in investing move over gamestop and dogecoin. The investing world got a new meme in 2021 nancy pelosi, the speaker of the u.s house of rep and a star stock picker. U.S legislation does force politicians to report and i want to dive a little bit more into this, because what it is is, if you are a government official. Yes, you do have to report it and that's because of the stock act. The issue here is well, first of all, a lot of them just don't report like just straight up. They always come up with the most interesting reasons to not report or they they always have an excuse, of course, they're politicians.
They could talk your ear off, but beyond that they have 45 days to report and that's like actually the rules of it. Okay, you have 45 days and then from there for the public to see it. There might be another 45 day window like that's how long the database people have to put it into the database, where it's publicly shown so really from the point that a politician trades to it, being, i guess publicly known in a completely legal sense. It could take up to three months that is crazy for a group of people that have some of the most intimate knowledge about.
What's going on in the newest deals with maybe a global pandemic of just any decisions that something like the federal reserve might be doing, they can legitimately that's the current rules, which i just want to remind you, are not commonly followed, could take up to 90 days. Now i think, a lot of politicians whatever they might be in the s p 500. But then you have other ones like rand, paul, nancy pelosi feinstein, who are making so much goddamn money off of the market. It's absolutely nuts u.s legislation that forces lawmakers to disclose there and their family's training activity.
It means the general public can view pelosi's or more specifically, pelosi's husbands, often highly successful trades like i said this is in no way close to instantaneous reporting, her husband, paul paul pelosi trading activity, shot into the news in july when he made a cool 5.3 million By exercising call options related to google, the trade was highly controversial. That's because it came just before the house judiciary committee voted on anti-trust regulation, which ultimately wasn't seen as a big threat to tech titans. So what here's? What's interesting? It's not like anyone is saying. Wait hang on they made money on google, that's not allowed.
Why are you making money on google? No, i mean anyone could say, hey, there's like a legitimate breakdown. For that you could say. Yes, google is a good company. It's a leading tech company that that kind of makes sense.
You could say the same thing about apple microsoft. The issue is here is when the trade is being done right before a government-based decision voted on an anti-trust regulation. Of course, google's gon na shoot up right. After that, it's the timing of it that the public, in my humble opinion, is rightly outraged by - and you see this time and time again - it's not just pelosi, it's a lot of them, but sometimes i guess with her position and also kind of the particular timing Of her husband's trades very, very questionable, of course, speaker pelosi told media outlets at the time that she had no knowledge of the purchases and that she owns no stock herself. Imagine that imagine coming home and your husband made five million dollars on a single trade, and you just didn't know about it. That's that's a little suspect now. Maybe it's me. Maybe i don't know um, i'm not marrying myself.
So maybe that's something that married partners. They. They don't share, but i'm pretty sure any of you out there if you made five mil that's like a normal dinner conversation like oh honey. How was your day? Oh, it was like pretty good uh.
You know that thing that you voted on for like that antitrust case. Well, i read some of your files and i i thought to myself here's a quick way. I can make five mil so i pulled the trigger. I made the trade and babe we're even more rich than we were yesterday.
I just thought silly me that that was like a normal dinner conversation, but she had no knowledge of it. Just didn't know it was going to happen despite the transparency requirement, which is rarely enforced because remember the sec gets their paychecks from congress. So are we really expecting them to be the watchdog for the people that are paying them a little bit weird there? Despite the transparency requirement in insider investigation, revealed that in december, dozens of federal lawmakers and at least 182 top congressional staffers are violating a federal conflict of interest law known as the stock act. Like i said, there's a there's, a lot of violation there, but pelosi rejected the idea of a stock trading ban for members of congress, strong pushback from aoc and, like i said this is not a singular case.
It is not one side of the party. This is a political thing. This is not. Oh, it's republicans.
Oh it's democrats! Oh it's just certain republicans or certain democrats across the board. These people are crooks, for example, kelly, loffler, rand, paul they were getting in trouble like they have frequent training. We know federal reserve members actually lost their position and they started a rule this. This is all of them.
This is the entire thing is messed up. This isn't picking on like one individual person, one individual party, it's all across the board, they're abusing the system that they're meant to secure and improve. I i just don't get it. It is literally the antithesis of what a public servant should be doing this stuff. It's one of those things, that's so it's so incredibly wrong and immoral that if you don't laugh at it, you're just gon na freak out because they're all such asshats, they are asshats from the word, go it's it's disgusting! It's disgusting and, like i said, if you can't, if you don't laugh at it, you're just gon na get so angry. So i on an emotional basement, my like therapist recommendation would just be to like yeah, let's, let's keep laughing at it, because if you really think about it, if you really dive into the implications of what these type of actions mean, you're you're just going to be Driven up a wall all right, let's see just quick check on crypto right now we do see crypto bounce uh. I just brought up the rsi. A lot of this stuff was oversold on the two hour chart and we're seeing the bounce.
Let's see if we can develop momentum and actually put in a new high low and keep going from there now, let's hop into some of these charts so yesterday or two days ago. Excuse me: the market hit a new all-time high and i'm referring to the s p. 500. I think today we will be seeing another new all-time high.
The current high is 478.81. Now, when you hit new highs, you have to let price discovery play itself out. There's not really obvious technical resistance above head, it's more of an open sky type of a situation. Yes, you can do fibonacci extension and it works, but sometimes it doesn't work.
I like to just let it play out. I like to see how far it's going to run and if you're, in something like the spy, you keep riding it riding and riding it, and you could use a tool such as a trailing stop to know when to lock in your gains. Or maybe you just have a goal of a key psychological level such as 500 or maybe you're using those fib levels. My point is is just that there's not obvious technical resistance.
Yes, you can use the current all-time high, but other than that we're just seeing where the levels of supply and demand truly lie in terms of the nasdaq 100 we're getting a little bit of a gap up today by about 60 70 cents. Recently, we hit 404 405, but we have the all-time high just below 409., the russell's still holding above this trend line. I like it, i'm still actively calling out a gap. Fill on iwm strength in iwm is good, particularly for the amc apes, because amc is the largest equity within this particular etf.
If you don't know what an etf is, it's an exchange, traded fund, think of it as a basket of stocks, and when you buy that basket, you get the proportionate exposure to everything within the basket. All right! Speaking of amc, here's what's going on! I'm still watching this reverse inverse head and shoulders shoulder head shoulder, i'm looking for a push through basically uh, let's say a close above the mid-29s and then a true technical breakout at 31.25 ish, that's a big ish. The estimated short interest rate now for amc is 17. Let me repeat that one more time it is 17 there's a lot of rhetoric right now of it being 40 and people are citing the erroneous incorrect wrong data that is being presented by td rbc each rate. The list goes on and on and on, and one of the biggest questions is like well, how are they all showing the same incorrect one because they're using the exact same data source td, is not computing short interest. Uh each rate is not computing short inserts. That's not the type of data providers they are. They have a third party vendor the same third party, vendor that they're all paying and then they just present it on their own platform.
It's they are not doing the computations themselves. That's why you're seeing this same number that is incorrect across some various brokerages brokerages are not in the business of short interest prediction once again and they actually all admitted it. This isn't one of those things that matt like. Why? Don't you just admit that it's 40., because all of them said it was wrong, all the the vendor, the original vendor, that sources, the data to all of them, has said that it's incorrect.
They made an improper calculation and, in reality, what occurred was they probably divided by an improper, outstanding share count or free flow count? In reality, we have the official report from december 15th and once again, they're not even saying what it was right now, they're talking about december 15th, we know december 15th. Short interest was 18.84, but once again, this isn't just an opinion of mine. All of these brokerages have retracted it saying that the vendor was wrong and they're working to just get it updated. I'm seeing a lot of reports this morning that it's still not updated.
So, if you're on e-trade, if you're on td or any of those, please feel free to, let me know but uh i'm seeing reports that it's changed short. Oh okay, so td has updated. Okay, awesome um, it's yeah, it's not 40, but also, even if it were, would that change honestly anything here, let me bring up amc for you like, if, if i told you that it was 20 or 40 like, would that really change anything for anyone at this Moment in time, at the like, what we care about is the price - and, yes, i do admit it's more of a like powder keg situation, the higher the short interest, the higher the proverbial ceiling, but it doesn't even matter if the short interest was 500 percent. Right now, because you still need the price action, high short interest itself does not lead to a stock going up, it needs to go up and you need to have pressure on the shorts and then that's when the entire situation comes.
Undone high short interest alone does not does not relate to positive price action. You need short interest as a prerequisite. Then the price action to put on the pressure and then that's when things explode. For example, the short interest on gamestop was up in excess of a hundred percent for quite a while, and then the price action started to go and then that put the pressure on it back in january on all those shorts. So remember when you see a high short interest number that does not guarantee some form of an explosion, it's a it's a prerequisite of sorts. Overall, we are watching the support of basically you're wanting to stay above 25 to keep this shoulder head shoulder intact. Speaking of gamestop, we are getting this bounce off of 145 ish. I like that, so we're keeping this pattern of higher lows.
It was looking a little bit iffy over the past three days, but yesterday by the time you got to that midday session, gamestop was looking pretty strong, looking for the breakout of 160 and then from 160 we're paying attention to 180. once again. Looking for the breakout of 160 on can't stop won't stop gamestop, which currently has an estimated short interest of fourteen point. One eight percent, all right now that we went over those prague trying to hold on to two dollars right now closed at 197.
Looking for that to hold still in prague, i view it as more of a long term play which still has the potential. It does have high short interest, lucid, not really doing much we're at support right now of 36 you're looking for lucid to hold 36. Probably a solid risk to reward set up off of that rivian got a perfect gap fill ever since then. We've had inside days relative to december 27th.
So pretty much a non-play for me. If it broke breaks below 95, you might get the opportunity to play down a little bit, so you could set alerts on riving at 95. That would be some clear weakness tesla a little bit interesting. So there are some updates.
I think there were some trunk issues and a couple of thousand vehicles just got called back. That news was breaking um last night this morning, so we are actually currently seeing some weakness on that. I am watching the support right here at 1060.. If it cannot hold 1060, there might be an opportunity to play tesla back down to the low one - thousands, maybe one thousand fifteen-ish, maybe one thousand flat, but once again the support is roughly 1060 right there.
It's 1058.50 watching that out of the gate by the time we get there, though, the rsi might already be oversold, so you're gon na have to watch some. Various things on that apple was looking better in pre-market uh. Honestly, if it breaks out of 180 50, i'm gon na be looking for it to hit that 3 trillion mark at 180, 286, so kind of like the spy yesterday, it's range bound right now. The top of the range is 180 50., the bottom of the range.
Let's just roughly call it, i don't know the high 178, that's the range we're in and i think it could be an opportunity playing whichever one it breaks, but you need patience until that point amd coming down. Actually, we have the semiconductor industry coming down. There's amd and nvidia microsoft range bound kind of similar to apple. So all these things over the past two trading days have been raining or trading sideways, and what i'm trying to point out here is that it's very natural for the overall market, individual equities, cryptos futures options, all these things to have these cycles of expansion and consolidation Expansion consolidation, many of them recently had expansion to the upside, and since then, we've been consolidating so we're just waiting for the next period of expansion, whether up or down you could play it. Whatever way you want, you could sell premium the other way if you want. If you want to be a bit more conservative, you can play it. However, you want. But overall, when you have these sideways trading ones, that's natural you're not always going to get expansion.
Expansion expansion so we're just waiting for the current period over the past two days to kind of switch things up and then from there. That's your opportunity to take your shot. So that's your quick setup for the day. Let me get to some of your questions.
Let me switch over to the one minute chart. The bell is gon na go ding, ding ding in about a minute and a half. Let me see what some of your early morning questions are. As always, i do my best to sit on my hands for the first 15 minutes and see how things are really getting.
I guess set up for the day. Ah coors face it's so generic. It thinks it's the only one that watches rick and morty properly fyi. I had to type quartz instead of your north korea, susan five, big diplomas, um, has decided you look and smell good.
I smell potential. Disgust i in the past week of my life have been told that i smell good on two separate occasions from two completely different individuals, so i think there's this strong argument that i do smell good thoughts on sava. The fundamentals alone should skyrocket. This stock, plus it's heavily shorted sava, should be apish.
Keep up the good work matt, it's a sure thing. So we can dive into sava. I know l randall, i don't know if he's listening right now is a big sava supporter he's been in the moon gang for a bit. We will be uh, we can dive into sava.
I've actually been kind of watching for a gap fell on that one matt for president. I i'd rather not nancy. That girl is poison, bold words uh, you have become the only personality. I trust the 40 percent short interest fiasco yesterday was so draining and embarrassing for our community.
Thanks for what you do, you know, i i have one more thing. I want to say about that. When people put out incorrect information, it happens. The issue there is not taking it down when i point out incorrect information, i take it down.
I make a retraction video, for example. Recently i ding ding ding, the casino is open. Recently i put out that video about the amc, gme partnership i went out. I made a correction video and i think that a lot of people did corrections, but how do you not take down the original one? That means that you still have incorrect information out there. There are many many videos out there right now that are saying amc and gme partnership, like partnership, confirmed anything like that. Those videos are still up. There are many videos saying that the short interest is confirmed to be 40, even though that's disproven, it's frustrating for me as a content creator, it's frustrating for me as a proud member of the ape community, because it is embarrassing. People make mistakes and you got to correct yourself, but you don't leave up the original video just because it got you some views and you're hoping to get a couple more views of it, because some people might only watch that video and it's continually perpetuating incorrect information.
Um the amount of times that videos are still up with that like chart chameleon before they corrected their data about, i guess the dark pool percentage and people leave this stuff up. You got to be careful with the. I guess content creators like watch for the people who like actually not only correct themselves but then go out of their way to take the original thing down. Checking in matt crypto has been taking a hit.
Hope you're eath is steak, salute apes, counselor murray. You know when i ever do anything with ether eth 2.0. I think of you. I seriously do i think it's like a weird a weird thing going on, but whenever i do anything with my ethereum, i think of you.
Yes, i am all, but one of my ethereum all of them, but one that - and i use that for like nft and paying gas fees and stuff is staked for east 2.0. I'm rocking with it. You smell so good alpine glaze use you as an air freshener. My secret is old spice, i'm assuming that there's been no update on atr's short investigation.
Atr short interest is actually a huge amount in the last week or so so burb. I i've been tracking that ceo on twitter and i have not seen any update there. The same youtubers are still claiming: there are hedge funds, hiding 3 billion amc shares in brazil that stuff's embarrassing, and i i can't control literally, i don't control other creators like they do what they want. They do what they feel is appropriate or not appropriate, but all i can do is control the content i put out there.
So when i'm wrong, i step up, i correct myself multiple times i make a standalone video correcting myself, because i'm i'm deeply interested in getting the truth out there. That's like: how could you not want it out there like what matters more getting the truth out to a massive community? That's fighting wall street or getting what 10 000 views on youtube and you got to leave it up because you got views on it like that's insane, and i also think it's one of those things that if you do it too many times, you're almost like abusing Your own base and your base is going to realize it, so you might keep those views in the short term, but in the long term people are going to get pissed off that you keep that type of stuff up and you're going to lose views in the Long term, so i think it's one of those things that people attempt to avoid short term and that produces long-term issues. It's way way better to take care of it before, like the mole hill turns into a mountain, did you see that amc openings in saudi arabia? I saw the article that they're buying many many theaters uh many theaters, so a big expansion there in saudi arabia in amc already has the biggest market share of, like, i guess, the theatrical experience but they're continually expanding it, they're getting bigger and bigger and bigger all Right, where else are we score smells so good calvin klein would have designed their new bottle after him, only the thickness made it impossible to fit them into carry-on bags. Historically speaking, do we tend to see money come back pouring in on the first trading week of the new year after tax loss, harvesting, uh? Historically, you see it about the first week, not necessarily the first day, but the first week is bullish, and then january gets a little bit. Weird february is weird, and march is negative. Is the seasonal pattern, the seasonal pattern for sure spy is about to hit a new all-time high, we're about to take it out? Uh 82 get ready, folks you're about to see a new all-time high. It's right there in the top left, then q or the spy s p 500 get ready, get ready, when's it gon na happen. When's it gon na happen, we're less than 10 cents away.
Oh man, of course, now that we're watching it it gets a little shy. The s p 500 is a shy guy. If you guys didn't know that it's shy, it's kind of like watching water boil when you're watching it won't boil. You have to like pretend you're not watching it for to actually like take off there.
Um amc coming back up to 2820, that's exactly where it ran into some issues. Yesterday, uh gme holding above 150. I like that, let's cycle through some other things, the queues hanging out above 400 um. What do we have here? Lucid up, two percent how's disney doing? Oh there we go there, we go.
I saw it. Ding ding ding attention attention. A new all-time high has been achieved. Congratulations to all gamblers in the stonk market casino.
Hopefully, you got a piece of it: whoa still going whoa there brother, oh brother, push and push and pushing. Does that mean that apple is also catching a piece of this no apple taking a breather? Is it because the q's, if the spy is going up, wait a minute that doesn't make sense the spy's going up the keys are going up? The iwm is going up which what are the stocks that are going up that are pushing it higher? I'm not seeing any of these mega ones, usually when both the spy and the qs are crushing it like that, like you got ta look to the likes of apple, which is going down tesla, which is going down um microsoft. I guess that went up a little bit, but it's down on the day you have what other ones can we look into? Is it amazon that one's going down what's pushing this up right now i have questions. I have questions. I need answers where corsair, where are the games coming from folks, the hidden gains? Ev ev? I see lucids up two percent progs up 2.2 percent - i guess well but like loose, it's not that big of a company um meta facebook's going down. Where are these gains at folks? Gme is pushing it up. Gme is up 1.2 amc, so actually amc and gme and prague are kind of having a good day right now. These three prog amc and gme are doing well.
Hood is actually up 4. Don't want to see that one big glitch natasha knows what's up ford. Ford is up one percent that could be helping for sure good morning matt. I saw your clip about pedigree with investing firms.
Unfortunately, a lot of companies do it, but, in my opinion, people who study specific fields think that they can do their job. Sadly, not true, i sent you the article that our favorite stocks are down, but the indices are still very high, which can prompt preempt a squeeze across the market. Core smells so good when you stuff him into the rims of your ex's wheels. One week later, they're still remarking damn that's what sounds good brendan.
I hope i hope i hope everything's okay brendan. I don't know if this is a a cry for help, but you're definitely cracking me up. Definitely cracking me up stuff, i'm in the wheels um brendan. If i ever go missing, you realize that the community is going to be looking into two things: they're going to be looking into citadel and they're going to be looking into you most of the time when there's someone that's missing, they look into their significant other and They'll look into my completely real girlfriend, but you're going to definitely be part of the search party.
Imagine that brendan and ken griffin sitting in the same, like deposition, room the same interrogation, room they're like all right. We know one of you took them, which one was it. Can you trade options on td? Yes, besides, having amc connect, do i have to open an account somewhere else, so i can receive an nft and how do i? No? You just have to be like a registered uh. Well, it's a self-designated thing that you own amc on investor connect td, video about new, oh true demon, video about new prog patent, wondering if you've seen it.
I have not yet hoping to check it out today, ditto. What's going on brendan, i hope you have a great new year. I hope everyone has a great new year, but hey we got ta focus, leave it out on the field, we're not at break yet we saw it today and we still have tomorrow. All right are things bouncing the spy taking a breather, the q taking a breather whoa holy toledo. It technically had a break down there hold your horses hold your horses, oh brother, oh brother. What are they doing with tesla today? Apple looks the exact same microsoft, apple, tesla, roku, roku, crushing it roku is crushing it microsoft, uh interesting, interesting, interesting interesting. Do we see any bullish flow? Yes, okay, a tesla put at open a goldman sachs. I believe.
That's goldman sachs call, an amazon call, a tesla put a tesla call, an amazon call. Two amazon calls two tesla puts one tesla call interesting the biggest one was this amazon call for today. No for tomorrow. Sorry, my bad the expiry tomorrow, let's see how this all plays out this little angelo, angela's, already tempted me, your td account is ready.
Angelo knows it's ready he's like hey. I know he could trade, let's get matt to do something silly before the year ends. Angelo knows me way too well, he's done a full psychiatric breakdown and he knew all he had to say was that your td account is ready angelo. I like it.
I like it he's like. Oh we'll get him to do something all right: where are the queues? Are the queues going to bounce off of 400 or is tesla? Should we buy the tesla support the tesla support the spy hit a new high and then got smacked? I just need it only feels right that my first trade with this account is tesla. It really that just has like a vibe to it, a vibe to it a vibe to it, and i guess i could use 1060. My risk is close.
Wait a second. It says my options. Buying power is still zero. That doesn't make sense, i'm very, very confused, because i i did get an email that my margin are.
You do i want to log off? Yes, let's just re-log back in. Ah, no, no! No, let me see what's happening here. I just want to point out that i would have been in that yeah. It says my options.
Buying power is still non-existent. How i got approved has anyone else had this problem on td, where you get approved and it just doesn't? Td ameritrade login apply options. Your current level is advanced, you are approved for covered calls, cash secured, puts, married, puts, buy, calls and puts covered, puts, spreads, uncovered calls and puts can carry unlimited risk. You are the highest options level available.
Well then, freaking act like it. It's always some awkward turnaround. Time they know that i'm an aggressive growth trader, good good, good good. Where are we? I have questions positions, nothing.
I swear, i'm not making this up folks, they emailed me. They said i was approved. I think i already put in my trash uh. You can begin margin trading, dear valued, client, that's it said, seasons greetings and i'm a valued client.
I don't know how many of you get valued client emails, but i'm one of those. What's the prob, i don't. I don't follow uh. Let's see what happens confirm and send rejected your buying power will be below zero. Well, i don't get that. That's not fun sounds like. I need to call them. Well, maybe it's just a blessing in disguise.
Maybe this is the market god's trying to tell me something. I even reloaded the thinkorswim platform. Whatever have you tried, plugging it unplugging and plugging it back in. I did try that yet another glitch uh, sometimes it takes them for a while.
The cash to transfer some account needs the cash to settle after two days. It's not cleared for options, so i started the transfer on sunday, so it probably actually initiated monday morning. So maybe that's the problem is. I just need to wait monday, tuesday, wednesday.
It might actually not be ready until next week. Then, by that thesis yeah i get it sounds like uh. The funds are just not appropriately settled. It sounds like they give you margin on stock.
If you want that beforehand, but they're not going to spot you on options without anything, it takes three to five days. For money to clear you approve for options, but not margin trading for options. Uh, i think i was approved for margin that was the email yeah i've been approved for margin trading, so it sounds like it's. Just the the banks haven't cleared all their things, so maybe hey look at that.
I would have bought it late. I think this is a sign. The the market god stepped in and they're. Like hang on man, we don't want you to embarrass yourself, they knew it was coming espn tweet about cheez-its no way.
I don't know why cheez-its won't sponsor me, i'm brand friendly, espn what'd. They say the cheez-it bowl. I actually watched a little bit of that gatorade. I think the cheeza bowl just played out a cheez-it bath.
Oh a cheese bath instead of gatorade here i'll show you this. This is funny here right here, a cheese at bath. They ju they dumped the cheez-its. So if i bought amc on january 28th and bought more throughout the year, are all my shares considered long-term stock from january 28th on no no, no like each buy.
You have to wait a year from that buy, so the ones you bought on the 28th would be considered long term, but the ones you bought more recently, wouldn't until a year has passed since that purchase. I'm just here for brendon content, 100 brendan is wearing your skin one day i would be honored, hey matt. There are some news on bfri on td. Could you take a look at it? It sounds like a separated from its parent code.
I assume that's bad. No! No, no, no separated from it. No sometimes companies spin off just because it can be run um, i i think, isn't: j and j even doing that with some of its departments, not necessarily bad news um. Let me see what's going on with bfri, but yeah.
Sometimes there's like a strong business sector and they just want to spin that off, so it can be run more efficiently, but this is also within the world of pharma. So i don't quite know what's going on there, but i do know you have obvious support at like 790.. Remember when i said: oh, maybe it's a good thing that i couldn't do this. I take that back. I wish i were in it hey mike. Can you take a look at a2z for my dad? Please the chart the books as far as you can feel the old canoe. It's all handed a since 14. We both got him a2z.
What is that that sounds interesting a2z? I think this is the right one. A2Z infra dean - please let me know if i'm on the incorrect one engineering and construction well after this very nice breakout at 6 10, it's been moving and it's actually at some resistance, roughly at 9 30, so a little bit higher than where it is so. The rsi is super overextended. My expectation would be for this to actually get rejected here, just because the rsi is already so high.
Take a breather and then hopefully from that after the breather it could push to like 11-ish, but also this is training on a market that i'm unfamiliar with all right, so prague having a nice go amc, looking solid how's jimmy looking jimmy sideways, not really doing anything. The spy, what's the spy up to trying to hold the breakout level. Yesterday, we were talking about 478 being important. We shot up over it made a new high came down, reaffirmed we're reaffirming for a second time if this holds and starts to bounce.
If you see the spy go above 478.40, i bet we keep going uh jimmy as boring as could be today. Tesla waking up. Why can't i trade smart technologies, which one smart tech hang on? Let me see if i can find a to z. Oh oh, this! Okay, aazf - maybe this one i'm assuming on the otc market, this one, oh, but it looks very similar.
It must be just like listed same name and everything the breakout i would be watching is 10 20.. Just be careful, though, because right now it already has a nice push it's pretty much outside of its bollinger band, and the rsi is pretty high. Already like this. Isn't your opportunity to buy this is either if you're in it you let the train go or if you're watching it.
You have to be patient. If you don't have a position already, this statistically is not an ideal time to get in. It's been pumping ever since december, 8th outside the odds, would be against you to create a position right now, but if you're already in it man 11 14, i would still watch that support support and then, on top of that you have 12 bucks um. If you're not in it, i would be like okay wait for it to take a breather at some point and then, if you still like it, if it's show strength played off of that, i was meant to be in this tesla play.
I want that to be publicly known. I could have made 10 bucks already, i'm still wearing mad skin. I can skip apple's going down because i have calls expiring tomorrow. Oh, so, if anyone is wondering about why apple's not doing what apple should be doing, it's because cootery is betting on it, going up hey to be fair, it is turning around right now for you cootery. What is your strike? Price amc poppin citadel now. Has oversight of 60 of all trading on the new york stock exchange? Two of his largest donations went to kelly loffler, who is married to the owner of the new york stock exchange. Reg show super song jamie another. Nothing to see here moment.
Starring ken griffin is any of that accurate alec has over yeah, i that seems like something that needs to be fact checked to me. I need it to be three trillion to hit cootery we're pulling for you we're pulling for you. What's that three more bucks apple can do it all right, amc having a solid day, currently up 1.9 percent jimmy break, even prague, actually up 6.6 percent. Prague actually has the best game on my watch list right now up: seven percent prague, just chugging along he's in at nine yeah dean.
I guess in that position i would hordell hold a hold, keep your wrist tight and just hopefully, just keeps ratcheting it up. Can you look at the options on tesla uh? I have. I do think i have it here. Are the options on tesla? I don't know what date, but i was personally before i missed out earlier before the current push.
I was looking at the 1100s for next friday and when i saw them they were 26, so they're already up to 27.20, so i missed out for sure i was gon na get two, which means i missed out on bucks thus far, but i mean these are Expensive right now, the the volatility pretty high. Look at the iv look at the iv over here. You have some very high levels. People are predicting a 34 move between today and tomorrow.
That's high iv uh tesla could totally do it, but that's just like why these things are uh, obviously so expensive, very, very expensive. Um volumes low well, four mil it's a little bit low, not crazy. Low volume is low on amc, but the price is moving. Why would you say the bears ran out and the bulls are stepping in well it it can move like.
Sometimes you get into a weird scenario where, if it, if there is an imbalance, you can have one side easily run over the other side, but right now i wouldn't say that's happening. It's it's up. One point: eight percent on four mil in volume i mean one point: eight percent is like very easily within the wheelhouse of amc based on it's like normal volatility, it'd, be something different if we saw four mil, but we were up 18. That would be.
I guess something that i would particularly find interesting, but let's keep in mind that it's up 60 cents, so 60 cents right now on four mil - is totally totally possible. Uh planet labs. I haven't heard of planet labs pl. My thoughts on it is, it looks, super weak, but let's be fair here, we're getting a little bit of bullish divergence, almost bullish divergence, not pure bullish divergence. We didn't make a new low, uh looks like it's basing and if you wanted to, you could just risk the all-time low of 581, so your risk is very reasonable, very reasonable. You could also play the upside gap fill to 889 100, but it's looking. It was a spac acquisition that kind of looks weak, like it's, never actually made a new high ever since november. It's just been kind of getting hit, so i'm not liking the overall trend.
But if, for some reason you do like it, you can risk only 40 cents, which is very like the risk reward setup is pretty nice. Hi cap guy, tessa bollinger bands all pointed up a little. What does that tell you about the next say: 30 bars on the one minute um, so, whatever time frame you're on the boiling band, that's like kind of telling you the direction that it could go um. Well, that is kind of actually telling you the current trend.
I mean i like tesla, i attempted to buy it. I was trying to get in right around here-ish. I would have gotten in a little bit early, but the ideal entry would have been here um, the bounce off of that 1060 support. I bet there's some action coming in as well, not as much as i thought there would be huh.
Some people are betting on snow um. I tried to get into tesla, i would have been in it. I would have been up money right now, but hey. I guess you can't get them all.
Am i frustrated? Yes, when the stream ends? Am i gon na scream in a fit of anger? Also, yes, but for the time being i'll act like hey yeah, it's okay, you're gon na miss trades once in a while. I'm still wearing mad skin random griggs have started stopping the industry and asking dude. What did we ever do to you uh, but yeah for the bollinger bands? That is telling you like the general overall trend, and sometimes people like to use the point like the direction of the volatility bands to kind of know. The trend that they're currently in i'm so wearing mad skin north korean susan, has suddenly recognized my potential to smell.
Better, are you still going to post the harry potter nft, i'm trying to buy it for my birthday on saturday edward we could uh. We could do that. I don't know. I do i think for copyright issues.
I don't think i'll be able to post today's, but if you guys ever want one posted as an nft, let me know so edward all. Let me write that down as a note: edward hands, harry potter, uh, but yeah just keep me we're just going to have a weird grouping of moon gang thumbnail nfts out in the world, which will play play a pivotal role in the metaverse. I thought j j was divesting business that was being sued, so they can bankrupt it to protect pharma business, also, thoughts on oracle recent acquisition um, i guess two different parts there. It might be for a.
Let me see what one j and j spun off. Let me see if i could find this i'm gon na no did they do two or three spots. Let me see, i don't know all right i'll have to dive into this, but was the second question oracle recent acquisition weren't? I read that what were they doing? Um healthcare: they bought a healthcare company, yes oracle, getting into the world of healthcare. Honestly, i think it's a smart move, especially for my expectations for the upcoming calendar year. I think healthcare is going to do well. Do you have any idea how right you were about tesla bouncing off of 1060 holy cappuccino? Batman, i mean hey, i i'm just feeling i'm feeling a little pelosi today. You know just feeling good feeling like i could see the market the matrix and i didn't make any money of it, but wait. How many of you are making money? How many of you are making money right now, you're, leaving me alone, even cootery, might be making money on her apple soon.
It's just me i'm like that kid. At recess for like got in trouble, and i just have to sit watching everyone else play right now. They're not letting the kids play the other kids are getting to play, but not me nope still, no money have you ever used the ttm squeeze indicator. I haven't nick uh more and more people have asked me about it, so i could definitely make it one of like the technical teachings.
Can you look up the ortex on planet labs? I know there isn't much on google owen spec, but more apes need to know about this stock. Thank you, silverback happy2, p. L planet labs hang on planet labs. There we go got the right.
One planet labs, estimated short interest of 0.69. It is not a shorted stock, really whatsoever. Utilization low 40 shares on loan 3.66. It's not a highly shorted stock.
How is apple? Getting that push amc getting that push is gme getting a push by any chance.
I suspect AAPL is forming a double top formation and the next move is to the downside. What you need is the tick data to confirm the intensity of the downward slide. The reason being that prior to any decline there are extraordinarily large blocks that trade which are the impetus for the move. If you really want to know how double tops happen, read Stock Market Tradecraft. Best explanation I've ever heard. Seriously – things are not as they appear.
so pelosi and her family buy call options on google before hearings on google, and somehow thats not insider trading or illegal even though they know they will affecting stock prices and trading options… watch me bet against google before i knowingly drop their stock…
Can you review panda girl?
The first few shorts π©³ to cover will be alright. The rest will be vaporized! Who will take the first leap?