Foreign, i got one more, so i got one more welcome to the dumb money show for today, friday january 14th. I guess this one can go down in the history books as not only apparently a pre-market bloodbath, but also the day that i'm moving, which means that i'm already absurdly stressed and overtired, because packing always takes 10 times the amount of time that it ever ever should I'll remind you of all this a little bit later on, but because of actually packing and leaving leaving the state and going to another state. I will be able to do this stream and i will be able to do the crypto stream, but the movers are coming. So i won't be able to do the afternoon like ape academy power hour type stream.

Just so everyone knows now today, like i said it's not looking the best in pre-market uh, the old everything seems to be down, and a lot of this, which i was calling out throughout the week is many many banks reported and if you just read the headlines, It's it doesn't seem that bad, but then, when you start diving into the actual information about it, that's exactly why the market's going down so we'll be taking a look at the overall market, we'll be going over. Some of the most important stories we'll be diving into the bank information, and then i have some, i would say very pressing updates for you related to tick tock and how i should probably be on it and then also uh, probably the biggest important update of the Day is going to be one that relates to french dressing, very, very important stuff. So, with all that being said, let's hop right into it. Out of the gate: spy down, cues down rustle down volatility up, it is brutal.

The futures are down the s. P. 500. Dow s p nasdaq oils up yields are down.

It is red red, red and you're about to find out why stock set to drop as dow stock jp morgan falls after quarterly results. So these came out today and the ceo of this company is jamie. Dimon he's the guy who basically said he'd, be surprised if, like there's only three right hikes, basically saying four or more, and on top of it he was like super dubious about bitcoin he's like how do we know that there's only going to be 21 million, even Though the code is open source but anyway, jp morgan shares pulled back by three percent, even after fourth quarter, profits top estimates. Well, how could you top estimates and still get like pulled back estimates, three point: three dollars and 33 cents a share versus 301, so they beat their.

The revenue beat as well 30.35 billion versus 29.9 billion, so if they beat on revenue and they beat on earnings per share, why is it dropping by three percent? Well, you got ta dive into it. A little bit shares of the bank dipped almost four percent in pre-market trading, jp morgan said it took a 1.8 billion net benefit from releasing reserves for loan losses that never materialized. Without that 47 per share boost, earnings would have been 286 per share, which means that they actually kind of missed on earnings per share, and it was just because of the 1.8 billion net benefit uh they're, releasing reserves from loan losses, so they kind of. I don't know bumped up their own numbers by doing a classic banking tactic and in reality, when you dive into it, they actually lost or they didn't hit on earnings per share and you're gon na see a similar storyline as we go on.

Let's talk about wells fargo and let's talk about citigroup, two other big important banks that reported today wells fargo rise, two percent as fourth quarter revenue tops estimates; okay, but let's dive into this, so the adjusted was 125 per share versus the estimate of a dollar 13.. The revenue was 220.856 billion versus 18.8 billion, and the net income was a nice 86 increase, but check this out. Results were helped by an 875 million reserve release that the bank has set aside during the pandemic to safeguard against widespread loan losses, so very, very similar line to what jp did so, like. Obviously it's somewhat of a common practice and then let's move on to citigroup citigroup share slide after the fourth quarter.

Profit declines, 26, so that one obviously a little bit more of a bearish headline right off of the bat. The company's net income dropped, 26 percent to 3.2 billion citigroup reported an 18 year-over-year increase in operating expenses to 13.5 billion for the quarter and right here. So it's just their net income a little bit different. The revenue still technically be 17 billion versus 16.75 and their earnings per share: a dollar 46 versus a dollar 38, but their net income like that's, a pretty sizable drop.

So across the board. I mean i've been trying to call it out today or throughout the week that for today before the market opens, you have to be prepared, because we had a lot of big banks reporting setting the tone for earnings season. Ding ding ding today does mark the start of earning season and, as we go into next week, we're going to have other companies a lot of big, well-known companies, all reporting and thus far, at least in the banking sector, not the best tone, and let me just Move on to another important announcement that did come out today, on top of all these banks, we have the retail sales report that just dropped around 8 30. This morning, retail sales dropped 1.9 percent in december, as higher prices caused consumers to curb spending so right there.

This is a little bit more of an inflationary issue of just things are becoming expensive and we know that even though everything's going up wages are also going up. Unfortunately, the growth in wages is not outpacing or even on par, with the cost of just living. So it's one of those things that yeah everything's going up, but the cost of everything else is going up at a greater rate, which means that all of us, you me we're all becoming relatively poorer, all right, so there's and once again, if you want to read More about the exact numbers and everything, but the market not reacting too kindly to that very, very quickly, binding to nominate sarah bloom raskin, as vice chair for supervision at fed that'll, be heading the banks, speaking of banks and then the supreme court blocks biden, vaccine mandate For businesses, just so you know the reasoning for this was basically saying that osha, the people who were going to enforce these mandates, the organization was osha, but they were saying that osha doesn't actually have the right to do it, and that was the supreme court's reasoning. It was not unanimous, there was a split decision on it, but just to keep everyone a little bit in the loop there uh moving on.

Let's talk about tick, tock, tick, tock, tick, tockers, 2022, charlie and dixie, dimelio and addison ray expand, fame and paydays. Now, if i'm being honest, i've heard these names before, but if they like walked into my house, i would have never ever known who they were so i like i've, definitely heard the names but um. They, i think, are just all massive tick-tockers and then because of that they're also big instagramers and blah blah blah. But i was like: oh, i wonder how much they make i'm in social media, i'm in the business of showbiz and i know damn sure they don't get super chats.

I actually don't know that they might get super chats, but these numbers are astounding. Charlie 17.5 mil 17.5 mil, and this girl, like dances and she's a personality people lose their mind when someone sends me like a two dollar tip for like answering a question or making a joke, or just saying: hey, thanks matt, for dedicating your life to this. This girl makes 17.5 mil and in this community of the apes people have a freaking hernia about super chats. These numbers are astounding, uh dixie, you know i.

I think this is the little sister uh she's still coming in at a cool 10 mil, which is almost 50, but that's still, 10 million dollars, addison ray 8.5 million. I think she's in the same world. I don't know who this is bella. I just know she makes a lot of money.

Apparently um. I don't know who this is but he's another one. That makes a lot of money. I do know who this is.

Oh, i'm she's in my tick, tock feed, she's hilarious. Chris. That's awesome! Congrats to her. She makes almost five mil too, for why is everyone making 4.75 mil? Why am i doing this stuff? Why can't i just dance on tick tock? I have questions and i need answers.

This doesn't seem right. This doesn't seem right whatsoever. All those people well congrats to them. I'm happy that they're making it, but potentially the most pressing news of the day 72 years.

The fda says french dressing won't have a legal definition. I know this has been on a lot of our minds recently. I know a lot of us have had things going on in our personal lives: you're paying attention to politics, you're, paying attention to rona you're, paying attention to the markets, but the most pressing thing for all of us is: will french dressing have a legal definition? Now you can say what you want, but we all know it's the main thing in our lives. No matter what's going on, i would say about 90 percent of the time.

I'm thinking french dressing, legal definition, yes or no. I need to know. I need to know this answer. Well, after just over a seven decade, i guess period wait period stall period.

We finally have that answer, and it is no. This is a big day. Remember mark this down friday january 14th will forever be remembered as french dressing. No legal definition day.

I know that name's a bit long. We will be workshopping, it there's already a big community, but this is, i am somber to bring you this news. Your french dressing may no longer need to be at least 35 vegetable oil, the standard of identity for french dressing, a legal definition that has been on the book since 1950 is being revoked. The us fda said wednesday.

The regulatory agency explained that its requirement for what french dressing must include no longer promotes honesty and fair dealing for consumer benefits. So no more, i know we were all looking at that number that 35 number, but here we are here. We are so that's important news. I just wanted to share that with all of you now.

Let's talk about some of these stocks, so between the retail sales declining and the banks, not any of them really having good numbers, i mean all the banks getting messed up. The market is gapping down. Yesterday, the s p 500 closed at 464., well at least the spy did and 464.50, and today we are opening up in the lower 460 ones. So that's almost a one percent drop off right here, a point: seven two percent drop off just so you know there is support at this level.

Um at this 461 roughly level support support, support. There is a chance. It just catches itself here right, basically where we're opening, so what i would be looking for out of the gate is to see if buyers are going to step in right away and give us that gap fill to the low from yesterday, which would be four six. Four sixty three forty four just so you know below that.

If you can't hold, i am then watching 458. Let's take a look at the q's, similar situation. It is gapping down it's down by 0.7. Unfortunately, yesterday, where it closed, that was at support, which means we're now gapping down below it, which actually means i will at first be watching 474 um about a dollar less than where we're at, but really below that i'll be watching.

370.. Sorry, i just said 470.. I meant 370., so first support 374 and then below that 370 flat out. That's what i'll be watching the key levels of support on the nasdaq 100 and in terms of the russell not much different than the spy of the queues gapping down by 0.9 percent.

All these thus far are gapping down by just under a percent uh. We have clear support at 211ish about a dollar, and then we have kind of the last line in the sand around 209 208. If that doesn't hold, i mean there is still technically a gap. Fill man, i wonder if we are going to fill this from january 5th of last year.

This high is, if it breaks below these levels, if it breaks below 205, we might be watching this 197 level. So, with all these going down before we get into individual stocks, we could take a look at the banks. We can take a look at apple, tesla, microsoft, nvidia, amc jimmy. We can take a look at all of those, but i want to re remind you that here, dumb money, hey you, don't just have to make money when things are going up.

There are a couple ways you could play this. If you are confident that things are still going down, you can short the market you can buy, puts you can go long on puts against the market for the spy, the queues iwm. You can take a look at volatility. If you want to go long on something, you could take a look at the vix, you can take a look at vxx, which is tracking the vix.

You can look at the leverage vix, which is uvxy. All of these are expected to go up when the overall market goes down, because in one way or another it is measuring the volatility of the s, p, 500 and leverage or not that's inherently. What it's measuring and volatility goes up when the market goes down. They have an inverse relationship, it's not a perfect inverse relationship, but it's still an inverse relationship.

Nonetheless, you could also look at other things, there's like the other specialty ones, on the queues that, like they go the opposite way. There are straight up inverse etfs of the spy, the queue of the russell you could find them with a quick google search, but a lot of the times. I would i don't know. Actually, if i want to say that with the metrics of it, i was going to say a lot of the times.

People will just go long on volatility, but i don't know if that's necessarily true people might just go long on the inverse etfs. But anyway, there are various ways: you could do it if you want to buy something that goes up when the market goes down. You can take a look at volatility. You could also play those in options or, if you want to play options you could get puts you could straight up short, you have a whole host of, i guess, no pun intended options to you.

If you want to be a bit more conservative, you can sell. Calls you can sell a call credit spread, you can buy a put debit spread. There is a whole paradigm of like a really a gradient of how you can attack it, whether you want to be extremely risk risky risk, adverse bullish, bearish, there's various gradients and you can find like, what's appropriate for your account size, but also your personality, because not Everyone's going to take up surgeries, but not everyone's going to be absurdly conservative you've got to find what's the most appropriate for you now, let's dive into some of these banks that we were talking about jp morgan, it trades under jpm yesterday closed at 168. People were excited about obviously the financial sector for this year, and then the earnings came out and we're gapping down by 4.45, not a good situation um, so the revenue we kind of discussed there so jpm.

If you're in that, i would be watching the 157 159 level uh. I would hope that it can catch itself there, but i would actually really prefer just to see how things open up. Let's look at city, i think it's just c city group city group closed at 68 right now, opening in at 65 that one's down by 4 percent. Once again it had a push.

People were excited for financials as it related to the amount of interest rate hikes, but thus far because of earnings getting crushed, and then what was the other one wells, fargo wells, fargo, uh wfc. This one is up a little bit different and we went over that. You can find the cnbc right up so relative to jpmorgan city group, this one it's it's actually doing better. It's actually slightly positive on the day so clearly with their report dive into it.

There's that good, cnbc right up different story there, um actually just straight up, had a better earnings with that being said, i do like the relative strength, but i also have a bad taste in my mouth for wells fargo because of what it did a couple years Ago it got caught in like a huge, huge scam like it was like big national global news of what was going on with wells fargo. So i don't just really know if i'm like the most supportive of a company like that, i would also be nervous right now creating a position when the rsi is already this high, and we know that there's weakness in the banking sector, if anything, i'm just paying Attention to all of these to see like kind of how they react throughout the day, all right, so that's the overall market. Those are a lot of the banking ones. Now, let's talk a little bit about amc and gme.

As of this morning, amc has an estimated short interest of 19.13 percent and gme has an estimated short interest of 17. If we take a look at amc, it was not able to hold this like little mini wedge that we were looking at yesterday near the end of the day. It kind of got rocked it's at support right now. This is very painful.

To watch i mean even just given how much amc i have right now, like every dollar, this drops, i'm losing thousands um it's at support. It needs to hold this lower 20 level. I think there's a decent shot of it, just because the rsi is already so beat up, like i think it's time for a natural reversion um. Hopefully we could get a bit of bullish divergence and i'm watching this resistance.

The spike from about a year ago and now becoming support we're literally at that level. If it does not hold, we can have a we have this gap fill at the high from where is this may 25th 1667, and then there's also support around 1450.. So i would say that's kind of next up to bat. Obviously i hope we don't get there, but there's no way for anyone who actually knows about technical analysis or looking at charts to tell you that this is currently a bullish set up.

There's some weakness here: the buyers have not been stepping up in the the selling aggression has been greater than the buying aggression. There are certain people who are going to tell you that no one's selling this thing - that is silly, that's one of those things that it's a really really good sound bit, but it actually doesn't make any sense, because whenever you have trading volume, that means that you Have buyers and sellers do i think that many apes are selling? No, i think apes have been holding. I think a high majority of apes have been holding, but that doesn't mean that that institutional players aren't actively trading this day in and day out. That doesn't mean that high frequency traders aren't trading this day in and day out.

That doesn't mean that market makers aren't trading this day in and day out. I don't know who it is and at the end of the day, it doesn't really matter who's doing it, because what we care about is the particular price. That's what matters to us and right now, things are not looking the best now for me. I just stick to my trading plan and when it comes to amc and gme my training plan is, i will die a martyr if need be.

I will let it go to zero. If that's, what is required of me, i am not saying that's an appropriate plan for everyone. It just isn't some people, you have a different risk, tolerance. You have a different plan.

You have different things you have to consider, but i bet as the amount of money that i'm comfortable completely losing on this play, and you know what i would actually add to it. If i see buyers stepping in but there just have not been buyers stepping in there was a little bit of spur right here in mid-december, and i was like okay, that's exciting, let's see what's going on. Unfortunately, it couldn't get above 34.. So what i'm looking for is hopefully kind of a w, i'm looking for a double bottom setup and we need to get back above the 31 34 level, but right now, this concept of people looking for this confirmation bias and always telling you everything that, like they Think you want to hear like hey i'll lie to you, but give me a like give me a subscribe.

I i don't really give a about that. It's just um. At the end of the day you have to live with yourself. I need to tell you the truth.

This chart in the short term does not look the best. It doesn't look the best in the medium term, long term, that's a completely different story. The short interest is increasing if there's some buying pressure, and it goes up that could put pressure on the shorts and you never know where that's going to come from, because we see we've seen. Insanity occur before so.

I'm just waiting waiting waiting patience is key and, as you're going to see that's the exact same thing, i would absolutely say about gamestop gamestop had the breakdown of the high 120 levels, the rsi has kind of beat up we're at this support level of 1 18. To 120ish, looking for that to hold you have a little bit more just below 100 100 itself will be a key psychological level, but as many people in the distinct communities, i'm saying amc and jamie don't want to admit it. They are tied together. Their movement is going to be very, very similar and that's exactly what we're saying.

I'm not saying the correlation is going to be like a perfect. A perfect correlation. No but they're going to like roughly rhyme and reason in like kind of same stumbling direction is the best way i would say it, but overall i i don't think it's specific to amc and gme it's right now. It's clearly the overall market, amc and gme, and any individual equity is going to have an incredibly incredibly difficult time doing well, when the entire market is under this much pressure.

I do not think we will see a relief bounce in amc and jamie until we see a relief bounce in the overall market, which is why i think it's more important in this current stage to pay attention to the overall market. Understand. What's going on with the banks, understand, what's going on with inflation understand, what's going on with the inflation rates, because all that is going to have to have movement and change first before you see it in more of these higher risk equity plays and honestly, i think, There's going to be a similar scenario really in the overall crypto sector, crypto was looking decent and then kind of got beat up lately, oddly sheeb is kind of holding there. But if you take a look over the past day with crypto you're gon na see some red on the heat map here.

So let's get prepared, we have about five minutes less less than five minutes until that bell goes ding ding ding. But i want everyone to know. What's going on, the bank's reports came in the retail sales came in, none of that stuff was good. We know we're battling a four decade: four decade, high level of inflation between jerome powell and brainerd.

They are coming in hawkish, but not the most extremely hawkish show there's going to be absurd volatility, and this is all just starting off the first day of earnings season going into next week. Don't forget next week is a short in trading week. The market is not open on monday we're about to kick off a three-day holiday, which is actually right. Why i choose to move this weekend, so i had more time, but i want to remind everyone of that.

That's coming in right now. I will not be having the afternoon power hour stream today, because the movers are coming and i need to get moved to my new apartment. So i'm throwing that out there. I don't know what the market's doing today, if i'm being honest right now, looks pretty rough, but we've seen these types of things bounced before, but my moving truck will be coming early this afternoon and i need to start loading it.

So i will be back i'll. Try to get some extra content out just because it is a longer weekend as long as i get my computer and everything set up, um i'll try to get some content out, maybe on monday, when the market's not open, but i will be back in full full Gear on tuesday, just so everyone knows, matt's fake girlfriend is now actually fake. My totally 100 completely real girlfriend. Is that what you mean? Ah, let's get going.

Let me drop to the minute chart. Let's see how things open right out of the gate, a thick course moving stream, you guys would just be in a many many multi-hour car ride with me. Can you do that actually like on twitch talk about the fox news? Tweet would absolutely love to um and i think i could bring that up. Let me just find it because i wan na i know a lot of people have like saved these screenshots uh.

Wait. If you have that screenshot saved of the fox news. Oh wait. Charles payne talked about it charles payne, right here, tweets and reply.

If you haven't seen this, this is this media thing is nuts, wait, did charles paint, oh no? No, he didn't delete. I was gon na say here you go um, so closing the curtain. Popular movie theater chain goes private after selling final stock. Now this is 100 wrong and they deleted it.

Fox business tweeted this out and then gasparino said something uh looks fake and doesn't make sense. Anyway, how was this tweeted by fox business? I mean this is something that i think we deserve amc ceo done selling company stock, but then what was this top line? Popular movie theater, like we knew this, that he was done selling company stock, but then popular movie theater chain goes private after selling. They never went private and right away fox deleted this, but people were like losing their minds on it, and it was obviously completely fake news, 100 fake news, and then we saw that gasparino had tweeted something. Let me find it.

This guy tweets way too much uh. Where do we have? I mean he tweets way too much. He had some like snarky it's fixed and it was a screw-up. I mean that's a pretty crazy screw-up.

They are fixing it. I alerted the web team. They better like this was not it's called a mistake, happens all the time in journalism. Even investing talk to your pals, who loaded up on amc at 70.

like okay, i get that mistakes happen and that's why it said the it was deleted by the author because, like fox, had deleted it, but of course a lot of people screenshot it. How like? How is this a mistake, like that's a pretty crazy mistake like i would like, i would want to know who at fox business actually tweeted this out, but charles payne said he would like get some answers. So i wonder if we're going to find out like any particular information on that today, i myself am definitely definitely interested in knowing how something like that goes live especially to how big is fox business fox business, 806. 000.

Followers, i mean uh. I guess here's the updated one, so it was like. I said the article was the right article. It was just like the the headline that they put to it: uh, which is nuts and even with adam aaron selling, like that's, not good.

News, like people are reacting to that in a very poor, poor manner. Ding ding ding, the casino is open. Let's see how this goes today. Let's hope that the old bloodbath is just a fake out uh, just to remind everyone.

Yesterday i did get out of my tesla calls for a small loss and i still have the micron the mu calls for next week. So that's actually my only live position in the public account that i've been sharing all the trades with you. The tesla one was cut for small loss still rocking the micron. All right shout out shout out all right good morning rumble good morning, twitch good morning, youtube.

Let's see how this all goes, the the media thing i mean i was doing a little deep dive into media and media ownership today, and particularly as it relates to error, we don't have to watch the vix right now. That's kind of boring, how's amc doing out of the gate, um throw up gme. Hopefully we get some green here. Hopefully we get some green.

Let me know if anything's having a nice like trend, uh, not going politically here but fox called arizona early, which screwed up trump so not buying. This was an accident by fox business. I mean i'm not too familiar with that storyline and like how it did or didn't mess something up. I mean, i think, a lot of news stations try to call a state, and i don't know it's always kind of silly but um that, like you're we're starting to realize that it's really hard to trust like any media, and i honestly think that's somewhat.

What's relating to the explosion in individual, like reporters, because people aren't trusting mainstream media outlets like whatsoever, i mean how many of you truly trust, mainstream media, and i don't even care like it. How many of you like honestly, thumbs up thumbs down thumbs up? If you truly trust a mainstream media, whether it's fox cnn cnbc msnbc, if you actually truly trust one of those, let me know with the thumbs up, but if you don't thumbs down, i just don't see how mainstream media is going to survive over the next decade, Because i think that they've really really lost their trust, all of them. I don't think it's the left thing. I don't think it's the right thing.

I think it's a mainstream media thing of people are so sick and tired, sick and tired of just how things get spun. I mean you, you have to dedicate a couple extra hours every single day, just to research. What the news told you, because they put their own spins on it all the time and they're like well, it's like we had some truths in there. It's just people are tired of it, not only in the us but globally, and i don't know i i think people.

This is exactly why joe rogan is the biggest one um. No one is out there saying that, like joe rogan is the best reporter smartest guy in the planet he's the biggest one, because people just trust him and they're like okay, like this is his opinions. We know he's not like bought and paid for. We know he's not like just trying to make his sponsors happy he's a guy who's.

Just is kind of asking questions that are on a lot of people's mind and he calls out how he sees it. Does he get everything right? No, but the reason he's literally the biggest media conglomerate right now is just because he's honest, he's, truthful it's nuts, it's absolutely nuts! Oh amc, all right amc coming to 20! We very much want it to hold 20. and it didn't. Amc got rocked the market.

Turning. We had a nice little push. People were buying, looks like i mean, look at all this. It's just a sea of red, a sea of red all right.

What other questions we have? They exist to be mocked by people like joe rogan. Um is anything having a solid day right now that we could dive into, or i mean honestly, if you're going against the overall market, you're, probably making some decent money mu is somehow green amd semiconductors. Maybe the qs will catch themselves. Let's see.

This is exactly why i always campaign for the fact. We should wait. Those first 10, 20 30 minutes to see how things are opening up. Uh tip the movers ahead of time to reduce the chances of singing your stuff amc to the moon cam.

Thank you for that suggestion. Definitely uh. Actually a couple people have been telling me that recently it seems like a nice way to play. It tip them beforehand.

What is the fundamental value in your opinion? Um? I guess i'm assuming you're referring to amc. If you're, not i'm, sorry, let's just go with that assumption. I would have to do like like just a classic breakdown. I can make that video um aim.

C i mean obviously, as it goes lower just like logically, that means it has to be getting closer and closer to its fundamental value uh. So i don't think we'd be too far off of it by this point, but i can make a standalone video of what i perceive like fundamental breakdowns once you get the hang of it, they're really like not too bad. I think with amc, an interesting thing to note: let's see if it can recapture 20 here is, i think, the next earnings report next earnings announcement will be insanely interesting because there's a good chance that it's going to go positive, let's see if it goes ebitda positive. So pretty excited for that.

Don't forget your cappuccino. It's always your cappuccino break time patience! Don't your pants yoda uh! What is going on amc gap fill 1660. That range was a real hard resistance early last year. Looking for a bounce in that area, hopefully i mean i'd prefer a bounce even earlier, but i get what you're saying wall street viking and i appreciate you sending that over on rumble.

You know i was looking into it just because some people were asking me they're like matt. Are you a paid chill matt matt? Well, actually, people ask me that every single day because people are asshats, but the recent question i was getting this morning was matt - is ken griffin paying you? I was like whoa, that's a that's a weird thing: to wake up to um! No he's not! Why do you think ken griffin's paying me besides the fact that, if i lied right now that would be super illegal and i would be in like actual prison within no time they're like he is paying you. I was like. Oh that's a that's a bold statement.

How do you know ken griffin's family like he is a large investor in rumble? I was like. I don't think he is, but you know maybe i'm just um and i don't know anything i'll look into it. So i looked into it and if you look up the 13 f reports, you realize that ken griffin or citadel secured not citadel securities citadel advisors. Llc.

The hedge fund owns eight million dollars of rumble, which is about point point four percent of the company, and also when you do the math you're, like eight million, isn't that much when citadel has 481 billion in assets under management, 8 million with an m versus 481 Billion i was like okay, that's interesting! Well, let's see the other ones. So then i looked into uh nwsa, which is news corp. That's like the murderer murdoch one which owns a lot of like just finance based like newsletters and publications, and in that one they have kenny boy has 32.2. So, let's just say in rumble, let's just say it's: 10 million for the ease of math um in nwsa.

He has about 3x that a little bit like 3.2 x, 32 million, i'm like okay nwsa, let's go into the next one. What's another big one, amazon twitch there's a lot of people on streaming, that's a big one! So you look at amazon and he has 265 million so with 26x relative to rumble in that one and then the granddaddy of them all is google aka youtube and i'll? Let you have your guess here: how much do you think he has invested in google so once again, quick review rumble 10 million news, corp 32 million amazon, 265 million. When it comes to google youtube. You know the platform that people seem to have issues with.

He has 400 million dollars invested in that company and by him i mean citadel that the hedge fund, which does have 481 billion in assets under management, but talk about just investing in media, obviously huge but honestly makes me very very comfortable knowing that the one he Has his claws, like least in least in definitely rumble, definitely definitely rumble it's actually just wild. Like those type of things like i don't know, maybe i'm a little pessimistic, but when you give a company such as google aka youtube 400 million dollars, i feel, like you kind of get a say in the types of things that go on kenny is matt's, is Matt wife's boyfriend: all right are we gon na get this bounce jimmy getting back above 120 amc getting back above 20.. It's battling at that level. So that's nice, the q's we're seeing some buyers step in.

I like this, but matt. It's still 0.4 yeah point four uh: eight million dollars is literally money, that's probably lost by a hedge fund that runs 481 billion. Eight million is literally nothing to them and point four percent to a company is literally nothing. Did you go over the amc, gme short interest i had, but i'm more than happy to like recount it for you, amc 19 gme, 17 percent matt.

What do you think about amc options? Next week, nearly 100k calls in the money and more every step of the way up thanks for everything. Okay, this is a good question when it comes to ones that are in the money, those are already hedged for they do not do the purchasing to like counteract those. After the fact, if you see that they're already there in the money, there's an extraordinarily high chance that you've already seen the buying aka, the hedging related to it, the interesting thing is the out of the money, calls that go into money and as they're going into The money: that's when you see the hedging the hedging isn't on expiration or after expiration. It happens before that they're not just going to lit that right out and they also don't hedge on the magnitude they hedge on the net position, which we're never going to know their net position, because you don't know how they're balancing their portfolio they can have.

Some calls they can have some puts, they can sell calls, they can buy calls so the the most that they would ever do. The purchasing of is that total thing, the total value of going from out of the money to in the money, but it rarely doesn't happen that way, because no one typically takes such a strong, one-sided bet. But i would like to offer some additional commentary there. That hang on people are calling out bbig.

I see people trying to um for lack of a better term like force people or like not force, but like there's, i see a lot of social media people trying to convince people to get calls for next week. Everything i know about options and getting options. Amc is not in the environment, in the it just doesn't have a good implied volatility like a very basic breakdown of iv. There's no way in the world.

I would put any money on call options that are extraordinarily far out of the money, and i see a lot of people are trying to do that for next week. I think people are just setting themselves up to lose more money on premium, and it's gotten to the point that i see such a social media. Push of trying to get everyone to get calls first of all. Buying calls out of the money does not push the stock up, it might if the stock actually goes up itself, and then you get things going from out of the money in the money, but if no one buys stock and everyone is exclusively buying out of the Money calls the stock will not move upward initially, when you buy any option there's.

Actually it's a derivative market, there's no impact on the price there might be, depending on the price movement of that equity. Afterwards, like there is some like special caveats to this situation, but when you buy a stock like right away, it hits the time and sales and there's an impact on the stock price. When you buy a call, when you buy a put when you do any of that stuff, when you sell a call, when you sell a put right, when you immediately do it, there is no impact on price there might be in the future, depending on how the Price action plays itself out, but it's like a little bit of a complicated mess there. But it's anyway the push that i'm seeing on social media to get people to like buy super far out of the money calls for next week, such a short time when the volatility is not in a good environment, the technical setup, the technical structures, not in a Good environment, it really really - and i know like i always make fun of people for having their tin foil hat on too much.

But to me it actually seems like people are trying to get other people to lose money. It really really does it. I think people are trying to get other apes. I think fake apes are trying to get real apes to piss away their money in losing premium.

I really really do uh. I think you just have to do a quick refresh. If there's a problem, you know where we don't have a problem is over on rumble and on twitch uh. You may only be 27, but you ran like a 70 year old respect.

Shout out. I appreciate that. Oh, i prefer a bounce quicker too just considering the algos and technical traders are looking at uh like bbig bouncing off of 217. bbig is looking surprisingly strong um.

It did get that gap fill yesterday that we were talking about to what is this low of 377, but it's still i get the next one, let's see if it can get above four amc, gaffield. 1660. All right, algos shout out shout out shout out! Oh, if you haven't done it already uh, i would be super appreciative if you guys could all absolutely annihilate that, like button um, it would be great. Does it yeah it does? Okay, i was just checking uh, so i know rumble's in the middle of like pivoting from rumbles to like and dislikes i was gon na say we could track the number there.

So i guess in the time being, if you haven't on youtube, there's six thousand of you in here: let's see if we could double that up from one thousand to two thousand: let's get some good vibes rolling. I truly appreciate it. Obviously it doesn't cost you a dime, but it does help me out with the algo, even though the algo doesn't like me, gamestop picking itself up amc trying to pick its up up the spy is accused all right. We're getting some bouncing in here.

Tesla is now up eight dollars, micron training at 96, things all right, not as much of a bloodbath. Things are stepping. In early this morning, we kind of laid out what was going on with the blood. Was we laid out levels of support and, to i guess, clarify from the highest level? Do i think the current environment right now is going to lead to what would be referred to as a bear market like a legitimate self? No, i don't think things are bad that yet like that bad at this point, um, the federal reserve still has tools at its ability to kind of keep the party going for a little bit more.

I don't know if we'll be ripping so easily, as we did throughout all of 2020 well youtube's having a rough day. Why is it just so you guys know, there's no issues on twitch and there's no issues on rumble right now, um just to clarify to everyone. I don't know what's happening there. Let me see, let me see if it's on mine no nothing's getting dropped.

Let me just double check all this good stuff. Let's see, let's see, i think, no, just i guess a youtube problem. I don't know if other youtube streams are having any issues or, what's going on, there uh george says switch to 720p. If it's freezing, i think we're back.

I think we're back in action. All right amc a little bit flat, jimi kind of giving up a bit of that bounce bbig. I have no bbig, but if you're in it it is looking strong all right, bbig, tesla, apple amd, micron. Things are trying to get themselves kind of corrected here.

Trying to initiate some microsoft might be doing something. I like this pattern. Roblox had a nice push up to 82 ish came down to 80 snow hanging at 291. I still am thinking about the crazy amount of options like bullish call options out of the money from march that were bet on snow all right, let's see where the big money is going thus far today, tesla put a tesla car call, call call and then an Nvidia put and a microsoft call, so i would say most of the money was on tesla calls today, thus far tesla calls today interesting, oh tesla, what are you gon na do most of the money was on tesla calls.

Let me see if there's a way, i can add extra stress in my day by playing this. Let's see, let's see, no, no! No! No! I just don't like it when it's on a friday, because they're tesla's just so expensive to trade, especially with a like, when you have a smaller account, there's like literally some of the best ones. You can't trade, because they're just so darn expensive uh. I do like this setup, but i think i'll be passing on it.

Unfortunately, i don't know if it's necessarily for me, it's not tesla's tesler tesler tesler. I do like it. I'm also interested in kind of following. Why so many calls? I would like to point out that some of this money, though the the bigger money, the 3.5 mill it was bet for the march the march monthlies 1.3 mil 1.1 mil and 926 000..

Those were not for a short time frame. They were the march monthlies 63 days out they're giving themselves just over two months same thing. With the microsoft call uh we have a tesla one that is next week 14.. This was clearly just like one big player right here on tesla uh, 1450, 1450, 1450 march 18th march 18th march 18th, 1.3 mill with two point or 1.1 mil, so they bet 3.5 mil all at the same time the orders just kind of got split up, but That is for a bit out, so we'll see how that one goes and that's pretty much it.

Let's see if tibli is calling anything out. Quite yet um vod they're calling out vod. What's going on with vod vod, looking good, not the biggest fan of its volume, though, has good options volume, but i'm not too in love with the stock volume. What else does it have um c z, o o c z? Oh uh! No! Don't like that chart.

What else do we have? What else do we have now? That's too small, let's look at the bear ones. What other opportunities are gon na be given to us today? Nothing really too much there. Alright, let's go back to checking this out. Uh matt check out gamma ramp before bbig expiring next week.

You might like you all right i'll dive into that for sure wall street viking. Where are we at now all right thing? The spy is still pushing bbig tesla like i said i actually do like it, but i will not be taking advantage of it. Actually, let me check that out. I think this is going to get going.

There might be a nice little 10 play in here. Let's see what the queues are up to, the queues are looking good. All right, let's throw up the cues here, we're seeing stuff is pouring back in bbig, is having a good day amc, making some lower highs. Let me know if this pushes back above 20.

Gme would like that above 120 uh semiconductors, oh nvidia, having a good day micron, let's see if that can finally get going micron micron micron. Let's look at amd amd's, also pushing lcid uh haven't okay, there's. Definitely some opportunities today, especially this is this - is a great great example of why having some free capital on the sidelines is an absolute necessity, because you can, like you, don't want to be 100 tied up all the time. Remember, cash itself is a position.

You want that that extra ammo on the sideline for days like today, where you might want to take advantage of lucid or nvidia or i haven't, checked it out, but i'm assuming apple apple's having a good day tesla i mean you could fade the money on if It obviously, if you got in right when we were talking about it, you probably would have already made a quick five ten percent. If you played the option - and you could have already just been out and been done for the day locked in your friday uh someone just said - amc is back over 20 sweet all right that one's picking up gme, not back over 128. Just so you know, if i don't have amc or gme up, they are right here on the screen. They're always going to be up on like the side there, if you're just trying to get a quick price check uh, do you even believe in amc anymore? It's still holding it, it just seems like the enthusiasm, isn't there i mean, i believe in it, but i do agree that the enthusiasm is far less.

It's very easy for um everyone to be enthusiastic when day over day, it's just ripping higher and higher, but it's been doing that exact opposite ever since that wedge breakdown it seemingly is going lower and lower. Hence you have less enthusiasm. I mean as much as it might be surprising to all of you. I do not control amc's price action and i also do not control the enthusiasm of the supporter base.

Um yeah, the enthusiasm is definitely less. I mean you could even see it in like the numbers like previously to this, like when amc was doing its thing. We were sitting over 50 000 live concurrent viewers and right now we're i mean between all the platforms, we're around 7 000 around 6 000. Something like that so yeah, i mean it's less right now, but that doesn't mean that's the trend like as soon as it picks back up as soon as gme picks back up as soon as the market rips.

Well, people are once again, then re-excited, um and the enthusiasm. It's this. You have a snowball effect in either direction when things are good, they get very, very good when things are bad, they get very, very bad. It um, like i said you just, have a snowball effect and it can be super positive and super negative and you're, always just trying to build up the momentum of obviously the positivity and then you're trying to fight the momentum of any of the like negative bearish Developments all right spy, looking good q's, looking good tesla all right.

What else do we have lucid nice movement? Microsoft, nvidia is just moving higher and higher and higher all right we're starting to get some green, which i very very much like tesla looks like it wants to do something right. There come on tesla get that pop um, not watching, because people went back to work. I mean i don't really know about that. If you look at some of the live stream like there's, people live streaming.

The market right now, for example, like meet kevin, is talking about the markets, bad news and like granted. He is six times the size of me, but he's streaming to like 17 000 people. So i mean, if you were to add us two together, uh we're still not at those numbers of the 40 50.. I mean at one point.

We were streaming to almost 90 000 people um, so yeah do people going back to work like does that have implications on it, yeah. Of course it does, but even like on the proportionate uh measure. There's still, i would argue, like some problems um. I bet a lot would come back if things started, ripping to kingdom come once again for sure like without it.

Without a doubt, if things started going up, 20 30, like day over day explosive days, crazy news coming out of citadel robin hood, the sec um. When there's things that are like making headlines well, people have questions and it peaks their interest, and then they start coming over and like they're, all right like what's going on type of a deal, it's just a natural ebb and flow. I mean just the other day. I was talking um with kryptos r us, and he was telling me a little bit about like his history and he was saying like when he first started talking about crypto right away.

There was an explosion um because crypto was doing super super well, so everyone was positive. Everyone was making money, he was making views like it was. Growth was insane insane insane and then crypto became a little bit less interesting because remember it ran up in 2017 and then i got crushed and it didn't really start picking back up till, like let's say 20 20ish. So right there.

He had a two to three year period where he was never replicating his first year. That was two to three years of grinding it out of people like not being happy of like on this side. You see your numbers down like and it's tough, but then all of a sudden after that, wait it picked back up and then he's bigger than ever getting more views than ever. People are stoked because they're making money there's going to be natural ebb and flow cycles to markets and when you're, making content related to that.

That means that you're going to have natural ebb and flow cycles in all the numbers. Like anything, that's related, it's not going to be consistent, always getting like bigger and bigger and bigger. That's a different type of media creation and such as i would assume those demelio girls who are between the two of them almost making 30 million dollars, because that's something that like doesn't naturally have i mean, i'm sure, there's some cycles. I just don't think it's as like apparent as cyclists as like the market itself has.

Where is power? Our rumble? I mean it's. It's up there, like we've been doing it. I've actually really been enjoying like kind of these like more uh. I almost kind of want to call it like ape academy.

I was thinking about that this morning of the afternoon, one like referring to that as ape academy, because there's always cool stuff to teach about. So we we looked into robinhood, we looked into insider trading. We looked into some of the bank developments and tesla developments and more like the daily news yesterday, um so ape, maybe not ape i kind of want to think of like distinct names, so we can all refer to it a little bit easier. So, for example, we have dumb money in the morning from 9 to 11 and then we have crypto cores in the afternoon and then we also have the other afternoon like stock news show uh.

But maybe we need to workshop a name, maybe not ape academy, maybe like uh, hmm, something like uh ape news or ape dumb. I don't know we got ta workshop that workshop at workshop at workshop it someone said that charles payne tweeting, charles payne. What did he tweet uh? I don't did he tweet update, i asked and there was no malicious intent with prior tweet. Just someone not paying attention to detail.

The story itself is the same and has not changed, but the tweet was reposted with the proper headline. Sorry there was a mix-up. Well, that's awkward ape anonymous um! That's that's! Definitely awkward to have to retract. All of that i get that.