Market Pushing Higher (AAPL, AMC, GME, NVDA & TSLA)
Dumb Money w/ Matt Ep. 199
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.
Dumb Money w/ Matt Ep. 199
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.
Whoa, that was something hello welcome back to power hour moon gang. We have a lot to talk about a lot to talk about if you're, not here by now, you are late, uh mods, please mark all tardy people. That would be much appreciated. We have to keep a list of these transgressors huh all right.
Let's get back to this! How hello, hello, hello, hello, hello, hello, hello, hello, hello, attention attention! If you're not here by now, you're late, you're late to class, you are late! You are late! You will be getting a demerit. I just want to make that perfectly freaking clear to everyone all right now that we know all all the transgressors. Let's talk about. What's going in the world of stonks stonk stonk stonks a the spy hit a new all-time high.
Today of 479 and since then sold off and it's flat and is boring, but what isn't boring is amc, gme and prague. Amc is currently up. Six percent gme is currently up 1.76 and prague is up 11. So in order of gains of attendees, it goes prog and then amc and then gme making some that moo la back um.
I think it would be awesome. Yes, amc did get above 30 at a certain point today. I would love for it to recapture that and kind of hold up there. Obviously, that would be great gme still above 150 tapped 160.
I was calling that level out as resistance, but it just didn't have the momentum didn't have the gumption and then prague still hanging about above two honestly 250 is important, but i would love for it to get above three. As of now, all of them are taking a breather clearly, especially as the spy is currently being hit. So not like a crazy surprise there. When you see the spy going down, it typically drags things with it.
The q is currently going down iwm currently going down, but still very obviously range bound, um, so a good day for sure uh. We still have about 60 minutes of trading 60 minutes of action to see what really plays out here but overall, a solid day and then i'm liking the setup. I'm very much liking the setup for the final trading day of the week, the month of the year. That all goes down tomorrow, the big shebang, all right so before we get into some of this and we could hop into the flow and all that good jazz.
I do have some important stories to share with you, because it does impact the market. Florida breaks state record for daily positive covet 19 cases. Just so you know it's once again breaking its own record and it's not one of those records that you want to be breaking most likely not doing the best for the overall market right now. Tesla is recalling almost half a million evs over safety issues: 475, thousands of its model 3 and model s electric cars to address rear view, camera and trunk issues that increase the risk of crashing so being recalled there, probably not the best thing for tesla stock.
Let's actually check in on that still hanging out around 1080 so slightly down on the day, but what i want to talk about and just to stress the importance attention attention attention attention, attention, attention, apes. I need your attention right now in all seriousness, there's probably nothing else more important, i'm going to say this week month or year. You need to know this. It is bacon day bacon. It is bacon day december 30th. Each year, bacon lovers celebrate one of nature's favorite gifts on bacon day. That is today, if you're not eating one, two, three plus pounds of bacon. Today, i don't know what you're doing it's a holiday.
Don't know why the market's open, but yes, it is bacon day. More importantly than that national bacon day 2021 get free, wendy's, baconator, fries, taco, bell, bogo and more deals, sir. This is a wendy's and not only is it a wendy's, but you could get free, wendy's, baconator fries. This is a public service announcement.
This is what i've grown my brand my platform to do. I need to share important news with all of you, and this is exactly that important news. You can get yourself free, wendy's, baconator, fries, on this national global universal holiday of bacon day. I need you got ta share that type of stuff.
It's if you follow another content creator out there. It doesn't matter the sector that they're in if they are not using their platform, to inform you that it is in fact, bacon day. I think you need to really really consider who you're following because this is absurd, that it's not being more highly discussed. Here's a couple of tips on how you could properly observe bacon day hashtag bacon day, try a new recipe test, the best way to cook bacon, top your salad, soup or eggs.
With this delicious ingredient, gift, the gift of bacon, sample different varieties and determine your favorite host of cook off and post, your favorite recipes write a song about bacon, make a smiley face using bacon visit your favorite butcher and give them a shout out. These truly are all amazing ways that you can observe, celebrate and really revel in what is bacon day. So i've just obviously felt the need to bring this to all of your intention, and i i hope that you have a magnificent and enjoyable phenomenal bacon day. All right, let's get out of there, we we cover that important stuff.
Honestly, i don't. Even we could probably end the stream there, if, i'm being honest, like what else is there to cover now we that was it. That was actually why i wanted everyone to join. Today, uh, i didn't, i didn't really have anything planned past that i thought on my notes here on my show notes here.
I'll show you my show notes on my show notes here are my show notes it kind of it kind of just ended after bacon song. I thought it would take more time for us. I think it's just bacon song bacon song, so this is now awkward um, not really sure what we're gon na do for the next 52 minutes. I thought the bacon part would be much more much more much more much more much more uh fun fact. I think my far vision is going. I think i stare at us computer screen for too long and far things are getting blurry. Maybe i'm just getting old thoughts on atvi boring grind, but could break out. I mean, of course it could.
Of course it could here's my prediction on it: it's not really grinding. It's on a one, two, three, four: five: six, seven, eight nine ten twelve day win streak a twelve day, win streak. Here's my prediction for activision whoop, whoop whoop! This is all technical accuracy. You might think hey.
Did you just draw that willy-nilly? No, this is, there was a lot that went into this in the short term bullish on it and a little bit more than the short term. I think there's going to be a price suppression. I think it's going to bottom out and then i think from there. We might have the opportunity to gap fill up to 77.
thoughts on fake bacon, fakend get it out of my face. I want the real mccoy there's, no way, i'm going to ask avi lev to observe bacon day. Oh man ooh the market, still kind of getting hit, still kind of getting hit, um still time to join amc investor connect according to adam aaron, atom, aaron yeah. We follow each other.
It's not a big deal still time to join amc investor connect to get your free. I own amc, nft us shareholders, join amc, stubs or link your account international shareholders, scroll down to the bottom of the landing page and supply your email. Fulfillment is in mid. Jan.
Do it do it, do it do it? If you haven't done it, you better go ahead and do it you got to do it until you've gone and done it. What is this one? There are more than 6 000 companies listed on the new york stock exchange. Nasdaq, the amc, ticker symbol was looked at 195 million times so far in 2021 on yahoo finance, some 30 million more times than any other ticker symbol. That truly blows my mind.
It does shows there's a lot of people addicted to knowing what amc is at tesla. Back under blah blah blah, what else do we have here, guy with a mustache guy with a mustache sec? Commissioner, i don't understand why a spot bitcoin etf hasn't been approved. Yet you and me both sister. I don't see why it hasn't.
The cdc now recommends you fire your financial advisor if they can't explain bitcoin to a six-year-old man, nancy pelosi buy nvidia. This is her a live action shot of pelosi on the phone, with her broker buying nvidia, where else, where else, where else? Where else? Where else are we? Okay? No other breaking news atm. Let me get to your questions. Breaking down there, russell hey russell.
What you doing there, pal lou tesla, coming back down to this region of support apple cootery, i feel, for you doesn't look like it's going to be hitting that 182 50 level. I think yeah. What do you have 182 183 for uh? Well, i guess it's for tomorrow, so you still have luck for tomorrow. I was saying for today unless the next 49 minutes are going to be nuts, which hey we've, seen crazy, actually everything's kind of dipping into clothes turn the market off. Why is everything dipping? Is anything going up right now? All right can someone give me something fun to look at literally all these things are going down. I want my money back. I want a refund howdy, howdy, ortex and ta for btbt heavily sorted bitcoin mining company looks primed and looking at btc as a catalyst, thoughts uh. My thoughts are, if i went with a mining company, i'd go with a more well-known one, such as mara um.
Remember not only are you looking at bitcoin's price, but you have to look at the comp like the inter-business competition and bt bt is a relatively smaller bitcoin mining company um. I really am not the biggest fan of playing bitcoin mining companies. Why not just play crypto directly um, but i am more than happy to give you the short interest: oops oopsie daisies, oh bacon, bacon, bacon, bacon. I love bacon.
You love bacon. We love bacon, b-a-c-o-n bacon, bacon, bacon 21 short interest on btbt. Just so you know, but once again, just because you have a 21 short interest doesn't mean it's gon na go up. You need to have the price to go up to put pressure on the shorts.
Uh crypto is a cruel game. Oh, i don't think so. I've made i've lost money on bitcoin miners because they're silly, but straight up, crypto itself. My account is up a nice amount.
This year, a nice amount uh. Thank you for a year of learning. If the transaction, by the way, mm and hf results in naked shorts knowingly or not, what prevents market makers from writing, offshares forging the interest and the shares just being left in market to dilute the transaction, be so market makers aren't transacting with hedge funds, most likely, Like they are, but probably like, not in the way that you're asking so market makers can create naked shorts by the fact that they're, just selling to whoever's a willing buyer without locating share like the the way the federal reserve is just like printing money. The market makers have the ability to just print stock like they're like: oh, you want to buy it cool, we don't have it but we'll sell we'll, sell, we'll, sell um, it could be a hedge fund buying it could be a bank buying.
It could be you buying, it could be mine, it's just the fact that there is demand and they're providing liquidity and they run by a different like set of rules. So i think it's like almost like forging like you're just forging stock uh. What prevents market makers from writing off the shares? Forging the interest? Nothing like they're allowed to they're they're literally allowed to sell stock without having stock and the shares just being left in the market to dilute well they're expected to balance their own books because they have their own book and, if they're selling, they don't want to be. Like net negative they're going to do whatever they can to be net neutral, a lot of people are arguing that there needs to be more clarity on that type of a thing, because, if they're operating under a different set of rules like well that's kind of silly Because we don't know if they're abusing their own special set of rules and honestly, you could have a multi-day multi-week lecture on market making itself migrant making is a specialized form of high frequency training. And this is like yes, like a little general discussion of it. But it is barely getting like the tip of the iceberg of the things that go on with market bankers. Great question, though, want to talk about nakd and centro merger. A lot of people saying nakd is going to run.
I don't think it will. Nakd um has gotten a lot of people's hopes up in the past, and all i've seen is a lot of nakd bag holders. I am avoiding it it's. I think it got wrapped up with the whole amc or really particularly the gme craziest in january, and that's actually kind of why amc pushed at first, it's just because anything that was highly shorted people bought and they got it to run in january.
So i think people remember it move because of that, but if you look take a look into it at all, i think it's a bit toxic and i think i'm avoiding it if you're in it. I want you to make money, i'm just telling you i'm not putting my money into it, but all right. I think we are up to there alibaba selling a piece of that app weibo. I believe baba how's it behaving today, solid news, selling, weibo or a portion of weibo kind of bouncing back alibaba, i would actually argue, is one of the most undervalued stocks in the entire market on a fundamental basis, but similar to amc and gme trading way, above Their fundamental value bob is trading way below it because there's other things impacting its value, and in this particular case it is tensions, political tensions between the alibaba team and the chinese government, and also the chinese government and the us government.
So it has two different, very important things that are in a certain sense, devaluing it, and so yes, amc and gme. You do have these examples of trading above fundamental value, and then you also have examples such as alibaba that are trading below fundamental value. I know this is not what mainstream media tells you, but you do not have to trade at fundamental value, there's not a rule or an arbiter out there of the stock market. You trade at what people want it to trade out, whatever the majority thinks a stock is going to trade at that's what it trades at people use fundamentals as a basis as like a guideline, but it's not a hard fast rule.
Can we watch eight videos? We could do that tomorrow. I think tomorrow being new year's eve in the afternoon stream. We can like mess around a little bit more. Why not have you come up with an opinion on the olympus, dow um? Yes, i did. I actually decided that i, like wonderland time, better just because it's way cheaper, i don't want to pay those ethereum fees to do like the transactions from eth to ohm and whatnot. So right now, i actually out of those dow like projects, those dow protocols. I have the most money in wonderland time. I did have more money in google, galaxy galaxy, google and ice and life and those other ones and midas, but the rug got pulled and it got pulled hard hard, hard hard.
Your boy lost a good chunk and change on that rug, pull that will be in my video update about how i got i got. I got it handed to me. I got your boy got it handed to him pretty hard. I was in a lot of ice at like 60, and now it's trading at like two bucks, so that was not fun, not fun, not fun, not fun.
Thanks for the education, ps watch more eight videos to make the stocks go up, we'll we'll get some queued up for tomorrow for sure no rumble stream. For me again, this up wait. What no, the the rumble streams wait. Why is it doing it's on the wrong? One yeah it's like under the wrong matt kors account okay, so the link is there, but for some reason, why does it do this? Yeah you'll have to hang out on youtube today.
Does that count as a tax write-off trust me? I have enough losses that my tax write-offs are good. Until the day i die now on a personal account bought some hecks. Yesterday, miner fees were so expensive. It feels like a scam, the minor fees, the oh like for transactions.
Yeah, i mean the the gas fee. Um uh, andre hex is a scam. I don't think it is. I mean if you do don't mess with it and if you really think it's a scam, you should attempt to short it, but i i'm in hex.
I i don't know why you think it's a scam, it seems like if you think, hex is scam. You probably then think you'd have to argue to be consistent. You'd argue that, like bank cds are also a scam uh new ftds are out yeah. I saw those there there's not much.
There haven't been these ftds for a while, which makes me kind of wonder how some of your other favorite creators are gon na argue this one um, six thousand six thousand, so not many ftds. So, as in what this is saying is that the dtcc, the depository trust and clearing corp, the buying and the selling the transactions are being accounted for, is what this is telling you and you have 1.12 000 on gme. So neither have a high amount of ftds right now. Um watch the meat kevin interview with the ceo of hex.
He is shady uh. I haven't had the chance to see that yet i a lot of people told me that they did the interview. That's kind of like on my docket to watch for this weekend. If market makers realize it naked shorted, could they just write off either financially or hide losing out on the interest but not admitting to dilution but leaving shares in the market? It would show up as an ftd. There is a mechanism, but that would involve okay. There is a mechanism in which ftds, but that wouldn't be from short selling. That would be from options execution, so there would be a world in which, let's say, market makers sold a bunch of calls that were out of the money they go in the money they get exercise so they're on the hook for all of those shares, and then, If they don't have those shares, there is a mechanism in which, basically, they could play nice with another market maker account for those shares deliver it, so it doesn't pop up as an ftd. So the way i can think of not in the world of options, but just of covering an ftd up that i know of for straight up stocks and shorting, would be what has previously been discussed of prime brokers, marking short positions as long positions.
That mechanism would work. I can't state how often that desert doesn't happen, because i don't have that evidence so not talking about the world of options exclusively in the world of stock buying and or shorting going long or going short. How could you cover up ftds? You could do so by marking, longs or shorts as longs and then saying yeah. No, we have them.
It's not a fail to deliver um. I guess they could get more creative with it, but that would still involve options. You sell a bunch of stock and you're like no, no, no, we haven't, and then you use calls as collateral, but that would still involve options. I'm just trying to come up with a way that wouldn't involve options and that would just be mismarking the positions uh.
We know that's happened in the past, there's lawsuits related to it. I don't know how egregious that practice is or isn't. Why did amc not move all day aim sees up 4.7. What do you mean it didn't move? Why did amc not move up? It's actually like a very good gainer of the day, a very good day.
Gainer of the day like i i think, sometimes people have expectations that are just like literally unrealistic. I i, i suppose i don't even know how to respond to it. Amc is almost up five percent. I don't know how to answer the question of it.
Didn't move. It's people have like very high. I guess expectations that apparently it has to what gain like 20 a day or people like aren't happy um are people. Trolling are really clueless.
I pray it's more trolling than clueless, but i know some people are. I mean, there's people in this community who believe that there's a whole second like secret market and amc's trading at a different price. What's the evidence for that literally nothing. Besides someone that says, trust me bro um, there are people who believe buying a dip is equivalent to shorting um there.
There are people who believe so much with literally no evidence whatsoever. Besides the fact that someone said it in a youtube video um, i guess my background in the world of stem. I i find it jarring at a certain point because, like that is like you get almost get trained at a you, get it trained out of you that you need to have like evidence and support for everything and then there's other people like no. I just saw it i just i just saw it like. If i don't know it's it's something, it's something it's something! Well all right, we're seeing a little bit of a bounce iwm if iwm can get going. I would count it as a very nice victory. Obviously the higher the better, but if amc is in the realm of even 30, that's a pretty solid, close, pretty solid, close uh, i'm on neo, also neo how's neo doing today, neil earlier, when i checked it was having a pretty good day. It's still having a good day up 15 neo was the winner of the day.
There had to have some sort of announcement uh holy guacamole. What is your relationship advice for new year for the new year? You know i have a very funny relationship story for you. So if you guys could indulge me for a second yesterday, i was there watching selling sunset with my completely real girlfriend and she's. Like hey, download this app, i heard that it can strengthen your relationship, so i download said app and apparently it can improve your relationship.
35 - and i was like you - can't improve perfection babe and she's like shut up download it. I was like, okay, sorry, so i downloaded this app and you're supposed to answer questions honestly so like it asks you all these questions, and it asks also, obviously your partner, a bunch of questions and you could just see - and some of them are more serious. Some of them are a bit more comical and this one kind of just like related to leisure activities and you're. You answer them about yourself.
They answer them about yourself and then you answer them about them. Like you answer all the questions of like your thoughts of what they would like, so just for example, um it was we agreed um. Actually i could find all these for you. I think i could find them.
This one was pretty funny and i think we just as you're about to find out hold each other in a little bit too high of regard uh. Where is this one? It was called. Is this one? It i found out that she likes to go on sophisticated dates and i was like: oh, i probably shouldn't have put like a bar in wings and beer man. Where was this one? It was funny.
Oh, this one was just like a game, so it's called favorite things and no that's not it. Apparently. I don't know her favorite season, which i found out. Okay, so there's this one, it's just like hey.
What's their favorite season, what's your favorite season um? What would you like to do like go like a a staycation uh travel to the tropics? Well, it's like how much do you know each other type of a thing. If there's a fire, what's the first thing you would do like? Would you get pictures? Would you grab your passport? Would you get a fire extinguisher? What's your favorite movie out of this list of movies and we both crushed it, we knew about each other, the one that we both got wrong. Was this question a precious day off? What's your partner's favorite thing to do, we both said about the other one go out exploring, but both of our actual answers was being a lazy, couch, potato and just tv binging. So i think we held each other into a little bit too high of a regard that they're, like oh they're, such an adventurous soul. They love to explore. While i just sit here and watch tv when, in reality we're both lazy and we just both sit there and watch tv so there's that a little bit too too high of regard log on potatoes check out, wish, i mean short-term option straight on that divergence. We talked about yesterday made 40 indiana james, crushing it let's see what's going on with wish uh shares of several chinese stocks, including neo, are trading higher after the chinese government, vow to focus on consumption recovery and reduce some income tax. All right, let me see what we had on this.
Oh, the the bullish divergence you're, seeing here the stock went lower. The rsi higher nice play nice nice play. I would actually say from here where's my trend line: hey where's, my trend line watch that trend line, see if you could get a trendline breakout and a hold you might be able. I don't know your expiration date.
If it's tomorrow, you should probably lock in your attendees before you get hit with theta overnight, but if you have more than until tomorrow, like let's say, jan 7th or later than that, maybe you want to wait for a test of the trend line. Probably oh either. Yeah to be consistent, either wicks to wix or body to body. So, however, you want to draw it, but maybe wait for that test.
Uh. Is that a double top on amc? I'm trying to be funny, i'm not trying to be funny. I'm still learning trading patterns on amc, um pretty much at 30. You would say that it ran into resistance at that key level to like rejection rejection, that's a double top close enough to a double top.
Could you talk about jan 21 2022 options table and its impact if we get price action like the key price levels, thanks for the whole year of content david? More than happy to so a lot of people are pointing out. The options are getting a little bit more action and they're starting to have the murmurs of a gamma squeeze now a lot of of. What's being said, the online rhetoric is right, but there's one small thing that i'm seeing that it's small but important that i'm not really seeing people talk about. So, first of all, what is a gamma squeeze a gamma squeeze is when a lot of options are sold out of the money.
The stock tracks upward. It goes from out of the money to in the money and whoever sold those options need to hedge their position by buying stock. So it has the same result as a short squeeze. It has the same result as fomo buying it's just another form of buying aggression, but this one comes from the people who sold these calls and it does work both ways. It can push the stock up, but it could also push the stock down just so you know now, the question is: is how much buying can it relate to? Should we just look at all these calls out of the money? Add them up multiply it by a hundred. This is the thing that i see people getting wrong. The answer to that is no, because they don't hedge on the gross position they hedge on the net position. So when people are selling a bunch of calls, well, you don't know what they're doing they might hedge it with puts.
They might be buying some of their calls back off the market. They might sell some calls they might buy some calls. There are various ways to hedge, like options or for hedging a lot of the time. But then you can do like a meta thing where you're like hedging your hedge um.
So when you're trying to figure out the potential market impact of a gamma squeeze, it's kind of tough, because the numbers you have available to you would represent the maximum scenario as if there was no hedging whatsoever - and we know like it's in their name. Hedge fund, like if they're good at one thing, they're good at hedging like that, is literally in their name. So that's like the one add-on that i want to see to the discourse going on on like social media about this is that's your quick breakdown of what a gamma squeeze is and then to compute the amount of buying it might represent it's kind of tough. We know the max value, but if, in reality, it's going to be less than that, oh and another thing i want to add in is the hedging happens before expiration uh people think it happens after they're, like oh this, many like we're in the money.
Okay, we're gon na see a lot of buying like if it expires on friday. We're gon na see a bunch of buying on monday. No, no, no, no. The hedging all happens before expiration before before before um.
What happens after expiration is just the transfer of the owner which isn't new buying the shares were already purchased, they just have to give it to the new owner. It's not new buying hedging happens before expiration and the maximum possible theoretical amount of hedging is represented by the total ones that go from out of the money to in the money. But in reality it's going to be less than that. How much less i don't know.
I'm not at the hedge fund, like each hedge fund or market maker or retail whoever's selling those they can hedge it. However, they want so you're, not really going to know uh thoughts on sava matt. I don't know if you talked about it this morning, appreciate it. Happy to talk about saba - i don't know if l randall's in here but sava is one of his favorite um.
I'm still looking at this very realistic gap fill up to 115 and now there's an another one at 78., more recently, sava's been boring. Not really. I had these two weird volatility days, but in reality it's been trading sideways so right now the recent price action, like i said, is boring, but a breakout and a hold above 52 you might want to set up this gap fill to 67.60. I don't think. Oh wait: there's three gaps to be filled, three gaps to be filled, 6780, 7805 and then 1 15 53., so play one at a time. Obviously, like okay goal goal goal type of a deal, but you need the movement like right now: there's really not much volume. There's not really much activity matt. Can you stream long? I don't have any friends jackie.
Have you ever sneezed so hard? You farted, of course, intc wales, thoughts, tech analysis, view on long play. The stock seems very 50 to 52 for a while trying to get a better view so intel intc. I like the semiconductor industry. It's actually looking pretty strong right now.
Obviously it does have this gap fill already. So it's not that type of a play, but if anything, it's kind of a double bottom higher low wedge. But i don't know whatever it is: it's a breakout of 52 and you're looking for that push up to 55 and then actually, you do have an intel gap fill up to 62.. Now i like intel, but if you're trying to get a semi conductor play nvidia and amd, are my favorites intel's good, it's totally good, but it lost a little bit of its luster ever since apple broke up with it.
So i'm not apple was a big revenue. Generator for intel, i mean they sell a shitload of units and intel was the one producing it all. So ever since that, like kind of lost there, i think nvidia was already the leader, but then it kind of had it put more distance in between it and intel, and i would actually put amd at number two. I, like both i'm in it, i'm in both of those a amd and nvidia.
So if you're trying to just be in the sector, i would argue that those have a stronger fundamental argument, a stronger technical argument, but i still think intel is like a profitable play. I think i'll just make more off of nvidia slash amd nasty on my crypto list. Okay, i'll check that out parker uh. What else do we have? Where else are we uh hot report? Jackie is stating that he's never played minecraft, so important, update there from jackie, yeah so micron.
I know that pelosi loaded up on it, that's another one, another hot one in the world of semiconductors. I was talking about micron all the way back here at 50 bucks and now it's trading at 94.. Those were some old videos, um quadruple rejection at 96. bearish divergence right now.
I think the micron play is actually a gap fill to 83 or a gap fill to 77.. If we're super lucky, if you see a gap fill up to 77, that is a superb time to load up um. If we get that gapfill, i'm not going to be chasing it at a quadruple top high, but yes, pelosi got that she got disney. She got nvidia or wait. What was the other one? Some of these reports just came out today, disney roku micron. I think there was another one on the list. What else do we have? What else do we have um roblox was on her roblox is looking good. I believe roblox is still training man.
Why are things just bleeding into clothes? Is anything moving nicely into clothes? Tesla tesla, coming up to support apple at support amd at support corsair, not doing much microsoft. Coming up to support, i think we should just close the market early. I think that's our problem. I think that's what we really need, just let's bank, these 20 minutes for a different day when the market's behaving better the spy.
Someone just said the spy's getting hit ooh bleeding a little bit there, a little bit of blood, um ameritrade short percentage it. It's not right, so there's no point in really referencing. It amc has a short interest around 17 and jimmy has a short interest. Around 14.
40 is not correct, and for people who are continually pushing that narrative, they are pushing something that is false. They should retract it, they should delete it. They should take down those videos, they should delete those tweets, they should correct those tweets. I don't know i just know 40 is incorrect.
Cappuccino, break cat little little cappuccino, break mac, two hour head and shoulder matic matic matic. What is matic doing honestly, a lot of crypto is starting to bounce right now, maddox, looking strong, he could risk look at that beautiful support bounce. You could just risk 240. You can risk 17 cents, which would be seven percent.
Seven percent risk set up on matic right now: polygon, crushing it popular layer, two solution, popular okay, so nancy - oh, that was the other one. Uh was salesforce: okay and google salesforce disney google micron and roblox crm, d-i-s-g-o-g mu and rblx uh. How does he know 40? Not correct if the sources of their short interest is not revealed because they said it was wrong and the vendors said it was wrong and we know it's wrong. We have the capability of doing the math ourself.
The argument isn't of the amount of short shares. It's the issue that they divided by the wrong amount of outstanding shares, which we know we can get from ounce like from the outstanding share count the free float from sec filings. Everyone is in agreement on this number, the 96.7 million. The issue is that they divided by the wrong share count.
Um, i'm telling 40 is wrong, like this isn't um. No one is debating this besides people who want absurd confirmation, bias, td, ameritrade, isn't debating it, the vendor isn't debating it who's, most likely. The s p. They're not debating it or texas, isn't debating it.
Market makers aren't debating it. Hedge funds aren't debating it, the sec is not debating it. The media, that's on our side, isn't debating like no. It's not a debate. Really it's a really basic math equation that they got wrong uh. I'm always amazed how the puts seem to crush i mean there are runs, but from my years in the market it seems like puts, are the way your thoughts yeah because puts are benefiting off of options. Part of the pricing model involves volatility and sell-offs are more volatile than upswings in price. Typically, that's why, if you get a put right, you're, probably making more money than getting a call right uh? What else do we have to be for this? You see he's busy watching porno forte, uh veggie straws are better than chips.
I could get behind that veggie shaws are pretty good. They confirm that that was. The number that was reported doesn't mean it's true well yeah. But then what is? What's the number then, like? We have to go off of something um.
We clearly have to go off of something um. If you have a piece of evidence that suggests there's more, i i'm more than happy to get behind you like, let's dive into it, but we can't just say it's higher, because we feel that it's higher like we're the ones that have to produce the evidence like. We have to show it um, so is the amc short interest 40 or 4 000. It's not uh trey made a call to td and they confirmed 40 percent as correct thoughts.
It's not and that's since been retracted. We td has said that it's not right. Um the data vendor has said that it's not right. I mean it's not 40.
It's it's right here! It's in front of you! It's 17 gme has a short interest of 14. Do i think, it's specifically weird that all these issues or a high density of these issues occurs in amc and gme yeah? I think that's super super weird, but that also doesn't just like it's weird, that's very strange and i think there's something else going on there. Td says 18 right now at this moment in time yeah. So what they're using is remember, td, doesn't update.
Td is not in the game of computing short interest or texas, but td. If you look at it right now, if you look at bloomberg terminal, if you look at whatever yahoo or whatever it is they're going to be using the most recent exchange, reported short interest results. So they're going to be showing you information from december 15th, which is 18.84 all they can do, is update you every two weeks when they get these reports. While, on the other hand, you have the likes of vortex attempting to compute to the best of their ability.
The days in between uh, hey matt, i just wrecked my car, oh ben, i hope you're all right. Thank you for being here for moon game. Thank you for making me laugh and smile, i'm relying on you right now, ben. I hope you are a-okay and it's just your car.
I hope you're all good, but we'll be here for you ben, but i hope you're not hurt. I hope no one's hurt the car's total. That's that's unfortunate. Do you think they would have updated the number if we hadn't said something? No, i don't think so. I don't think they would have noticed it uh. I don't think they're there watching checking, amc and jimmy's short interest. I don't think they would have updated it if it wasn't like called out, but just because we're calling out something wrong just because they put the number up there like people are acting as if they let the cat out of the bag, and they actually showed the Correct number, but that's not what happened. I think it's more egregious that they showed the wrong number, because that might scare people away people might be like.
Why am i going to buy a stock that that's like that? Shorted um, you don't know how a generic investor might have reacted out there that isn't following the amc saga whatsoever, they might have just been like hey, like kovid's lessening up. Let me buy a movie theater chain and they might have saw that. So i think it's more problematic that that data could have scared people away uh if every stock was as closely watched as amc and gme we'd catch a lot more mistakes. 100, if you think the manipulation or the egregious acts, are exclusively amc or gme you're going to be lit down.
It's you see a lot a lot, a lot man, the spy getting hit iw i'm getting hit jimmy trying to turn around same with amc. Let's see some of these other tesla technical breakdown of the intraday from 1075. rivian coming down, lucid, coming down apple down amd down, corsair down microsoft down all right. We just need to turn this market off folks.
We need to turn it off adam, just tweeted he'll be on the float for the rose parade, that's kind of cool. I don't think it really has an impact on the stock whatsoever, but that's still kind of cool that he's going to be on the float. All right, i don't think, there's any issue with turning the market off 10 minutes early switch to latte's man. It's the only way.
Is there an off button, i think we should be able to vote, be like just a mass vote to turn the market off on the retail float. I like it. I, like the innuendo, look at the spy holy guacamole. That's crazy support is at 476..
Don't be surprised if you see a bounce off of this, especially because there is not much time like you might have some buyers stepping in right. There some bias. You know one thing that i don't get. I was just snooping around when i was snooping around, so people were telling me that the other rico is the same rico.
Who was in here, and i very much hope not because that other one was literally telling people to go long through options. But to go long on robin hood that i don't robin hood could have the best setup of all time and i still wouldn't buy it like just morally i'd, be like nah, i'm not touching that um. So, whoever that other guy is, i i don't know who he is, but he was literally telling people to buy robin hood, which, like how could you do that if you're no ape in the world would say bye robin hood? That is not enabled like that? Is the most - and i i hope it's not the same rico that we got to hang out with, because that is a person that is not an ape like robin hood, the little symbolism of what ruined the entire gamestop squeeze in january to now buy it. That is like imagine, saying that imagine like what a crazy contradiction that is be like yeah. No, like i'm an ape, like literally we're fighting against market makers and robin because of what happened with them, taking away the buy button and be like all right, we're gon na buy it now support them wild, it has to be. I would be so deeply upset if that had anything to do with r rico. Our rico is so much more fun, and also when we dealt with our rico, it didn't feel like an actual knife in the back. It was just the fun proverbial one.
Actually, that would kind of trap track, because we were trying to see if we could rico. For those of you who don't know, rico, he's a greg he's a full-on greg and we were doing our first attempt to see if, like it was possible to convert a greg to an ape. So i wonder if we failed so poorly that he just like was a greg that like went completely unraveled could be just joining today. We'll probably miss you tomorrow.
Thus wishing you happy new year, thanks for the entertainment and insights best of luck, 2022. Mike, that's awesome. I hope you have a great time with your family. Friends have a great new year, man.
What happened at three whole market got smacked yeah it things got brutal, but check out that bounce feel free to rewind the tape. A couple of minutes who's calling out that 476 bounce - i wouldn't say i'm superstitious, but i'm a little stitious uh the rose parade is the anti-ape. I bought robin the hood at ipo cash out when it exploded 85 made a solid 1.5 k didn't care broker. I was just looking to make a quick buck after kathy would announce a position on it.
Well, what's kind of funny is kathy. Wood is kind of making me wan na i'm like need to ride it out. I guess for what one more day, but i'm thinking about pulling my money out of all arc and best etfs, just not for me what is my fidelity password folks, i need to give you all my passwords so like whenever i forget it, i could just ask You try again what what's my password nope try again, it's always so difficult to remember: nope, try again, nope come on forgot, username or password your name matthew, coors uh. What's the last four digits of my ssn give me my password give me my password extra security required exit security for me, dude all right that number, this number, this number that number that number, that number has there ever been a case of a streamer like severely Doxing themselves by accident, i feel like there has to be.
Could anyone, let me know if that is or isn't true? Is it going to work, hey all right new password? Now i can tell you some of the things in this long-term account positions. All right. I wanted to give you this just so you have an idea, but i will be doing repositioning starting next week for the next year. Okay, i am in apple amd, rk, rq, arcw highly on microsoft, nvidia, snowflake, tesla, unh and workhorse. How do you see my total gains are 66 way better than melvin capital's loss of 41? I shouldn't run a hedge fund. How do i see my yearly gains, though man i made 66 am? Am i warren buffett? Am i the market? I think i am all right. What are my best gains? My best gain in this account is tesla 165 percent, not a bad deal, matthew, good job, good job, you know, even though arc has been sucking, i'm up 40. I got in early i'm up nope.
That's a lie. Sorry. I was looking at the wrong thing. How much am i up on arc 12 percent and 21, so i'm giving a lot of them attendees back a lot of them, attendees back 165 percent.
It almost makes up for all my tesla losses. All my tesla calls yeah did. I beat pelosi i freaking wish. I wish wait performance, here's what where's my performance, no wrong account! Okay over the past year, so the overall counts up 65, but i switched it so over the past year, i'm up 41, but that was as of november 30th ugh.
This is such a pain in the ass to follow, but yeah. So here's the plan you want to know what i'm going to do. You want to know what i'm going to do. I'm going to sell rk i'm going to sell rq i'm going to sell rw, i'm gon na sell workhorse, i'm gon na.
Take all that money and i am going to buy banks, i'm going to buy banks. I already have healthcare and i'm happy with healthcare on unh, i'm already up 58. So i'm gon na be your boy needs banks. I need banks in my long term.
Account: banks, banks, banks, banks, banks, ding, any ding, ding ding. The casino is closed. The casino is closed for today, thursday december 30th. What you need to know the skinny on the day is, it was great until the last hour and they should have just turned the market off, but they didn't um.
So that's super, not cool, but hey amc in the green 3.54 gme in the green up 0.91. Prague crushing it up eight percent loose it up. Four percent ribbing up four percent corsair up two point: four percent um. So there was some green or some red.
It was very exciting up until three, but what you really need to know is we have one more day, one more day in the week, the month, the year we've been training for this. You know this. Is you just got to leave it all out on the field tomorrow? If you're listening right now, i expect high performance high levels of dedication from everyone. Uh you better be getting to bed early.
No none of these shenanigans, you better not be out late, partying, getting ready for new years or anything like that. This is game. Night game night is important. I need everyone, not not just your a game, not your double a game. I need your quadruple a game tomorrow. If you bring anything less so help me god, if any of you are late to the stream by one second you're getting you're gon na be benched, i will bend you, i'm not messing around. I'm, not coach. Coors doesn't mess around.
This is a big game. I need high levels of performance all day tomorrow. Get ready tonight get your rest load up on your steroids, do whatever you need to do, but we are winning and we are winning by a mile. Remember that, and we're probably also going to be messing around a lot in the afternoon, we'll probably be playing like marbles and stuff.
I think that's important um, so that'll be the fun stuff, thanks for the support today, thanks for it thanks for dropping the likes thanks for all the subs thanks for everything uh, you guys are the best. I love you guys. Thank you so much. I will probably be doing an update video tonight talking, maybe a little bit about ethereum ethereum 2.0.
If we have any of those people who want to learn a little bit about eth eth 2.0, what does it mean? What does it not mean when's it going to happen? Are you going to lose coins? Do you need to do anything? Are you going to get coins? Are you going to make money a couple things to talk about for sure related to east, so we might get that video out there a little bit late tonight, but we'll be streaming bright and early tomorrow morning, 9 a.m, getting up with the farmers crack of dawn 9 a.m. We will be streaming so be there be square, but i do hope, you're having amazing evening afternoon night, depending what time it is, for you hope, you're able to hang out with some friends, family loved ones, and if you don't like any of them, i hope you're Able to watch some good tv by yourself thanks for the support, as always, i will catch you later and chair wanted to tell me to tell you best of luck in the markets, i'll catch.
I'm sure your account is up. You're not funding it, all these people paying for your "expertise" are. You're old news.
Yea… webull ads… matt webull is better than most
Why is the market pushing higher? Is the omicron scare over? Today down tomorrow up. Does TA mean a thing anymore?
Artm token next generation getting some traction.