Uh i got one more. I got one more, hey happy happy friday, it is january 21st and there is a lot going on like i was kind of teeing you up at the start of this week. High volatility, lots of news. We are in the start of earnings season and it's only going to get more crazy next week now before we talk about next week, i'm going to try to set up what's going on if you've been looking at your pre-market trading today, probably seeing a good amount Of red we're going to be talking about the overall market, the spy, the qs, the russell we'll be diving in into.

I guess some things that we saw developing yesterday, specifically peloton we're going to be talking about netflix and just some other of short interest for amc and gme, and then before that bell goes ding, ding, ding, ding ding. I want to give you a quick run through on if you signed up for amc investor connect at the end of last month, i'm talking december of how to actually retrieve your nft, the i own amc nft, i'm going to give you a very, very quick walkthrough. I went through it myself last night, so i think we can quickly do that and then i'll clip it just for anyone who needs assistance with it um it wasn't the most complicated thing, but it was also not the easiest thing. So that's what i have for you today, let's hop right into it, oh, and also before that bell goes ding, ding, ding i'll.

Let you know my positions and my thoughts on the day and everything like that, and we are off to the races, thus far the spy down point: four: five percent tesla down point: five: netflix down: 20 piton down 24.. If you take a look at the queues down point eight, if you look at the russell down point, four everything seems to be gapping down. There's, obviously, some fear in the market people are going risk off. Their remember fear is a greater emotional driver than greed, especially when it comes to the world of money.

There's a reason why, in the market there's the saying stairs up elevator down, it's because fear is a greater emotional driver than greed, and on top of it there are some. I guess brokerage trading-esque things going on and what i'm referring to there is basically people buy multiple times on the way up, they buy, buy, buy, not everyone, but this is more common and then, when they're getting out, it's like more of all selling at once, so Systematically you have that type of action going on that also drives things down, but regardless remember most of the time these movements are produced by wall street they're produced by institutions they're produced by banks. Yes, once in a blue moon, you can see retail driving something, but most of the time you're going to see the big players. The wall streeters, the insiders that are actually prompting overall market moves overall equity moves.

Now, let's get set up on the day, as you can see, unfortunately, red red red, the dow's down the s p, is down the nasdaq's down oil's down the yields are down you're, seeing just red across the board. I'm actually kind of surprised yields aren't up right. Now they've dropped to 1.7 1.8 1.75 was a big breakout. People were surprised that got above 1.8 showed even a little bit of strength above that and it you could just tell that people are kind of betting on what the fed's going to be doing next week.

Now i just wanted to talk a little bit about this. This was a report that came out yesterday. Jobless claims jumped to 286 000 the highest level since uh october. I was reading some economist reports on the meaning of this, of like its abnormal spike.

For the most recent uh time frame and with it they're actually saying that this is most likely going to be temporary, they think we saw an abnormal spike because of the recent pressure on businesses because of the unicorn variant. So i will be interested to see as the next couple come out. If we see a noteworthy drop so just wanted to give you an update on that okay january fed meeting preview rate hikes are coming right now the market is pricing in about three interest rates, and when you really look at it, it seems like it's kind of Quickly going to go up to four, this is wild, because six months ago there was really like there were talks about tapering, but everyone's like okay. When are they gon na? Do it nope? There was arguments that there's gon na be no rate hikes in the calendar year 2022 and there was definitely no talk of a balance sheet.

Runoff aka a balance sheet normalization undoing all the bond purchasing that they did over the past year and a half now in present day as i'm filming this, the conversation has completely changed, they're being hyper aggressive about their tapering. We know at the lazy latest it's going to end in march, might even be ending in feb we're going to find that out next week, they're talking about three interest rates, potentially more than that i mean. If you look at all these banks and okay - maybe they're not the fairest person to ask - because especially these classes banks as the interest rates, go up they're going to make more money. So they might be kind of overstating how many things there are, but regardless the market's pricing in three we might be seeing four and then from there.

The newest thing, surprisingly, was very hawkish. They're talking about the aggression level related to a balance sheet normalization. They basically went from buying a hundred and twenty billion dollars, backstopping the overall economy to the other side, there's some murmurs on the street that they might be doing a runoff at a to the tune of 80 million, which means we have a 200 million a month. Excuse me, billion with a b a month swing buying 120 to selling off 80..

That is gon na be crazy. So with all of this, this is obviously the driving thing for the market right now, people are concerned about how hawkish the fed's going to be once again, the meaning the fomc meeting is tuesday and wednesday of next week, the 25th, the 26th. We will get the fomc meeting minutes at 2 p.m on wednesday, and then powell will be doing his conference at 2 30.. On top of that, we have many many earnings next week that are also going to produce volatility, and we will be getting into it, but i just wanted to let you know this is what's going on right here.

This is the driver of the overall market and right now you get into certain market regimes where the overall market, the spy, the queues and the russell are the thing that's going to be dragging every equity with it. Yes, once in a while, you see something that kind of breaks through the fishing net, such as bbig or dwack. That seems to be not tracking with the overall market, but most equities are going to be, especially when it's this insane of a thing. On top of it, i know i'm talking about the nasdaq, the qs, but particularly tech and big tech, potentially under greater pressure tech antitrust pill headed to senate floor yeah, i mean, whenever you're talking about antitrust and like most likely protecting us, but if you're looking at Your investments, this can put additional bearish pressure on the likes of meta apple, amazon, google.

The list goes on and on and on so that might be something to pay attention to. Not only do we have pressure from the fed, we have pressure now, particularly on the tech sector seasonally. We also have pressure, so this is from equity clock. I like to bring this up just because this is two decades worth of data.

Does seasonality always prevail? No, but it gives you maybe an idea of headwinds tailwinds. I know if you've listened to me at all. You've heard this before, but clearly as we go into the end of january, there is a bearish tone and then it's a little bit choppy and then once you get through about a third or maybe a fourth of february, there's a nice bullish push so overall we're Roughly here so seasonally not the best time to be bullish, seasonally, it's a better time to be bearish and then, on top of that, don't forget the unknowns related to the fed and particularly tech, and what's going on on the political landscape. Moving on, i know i'm hitting you right there with all that stuff and that what i'm saying, i do fully admit, has a bearish undertone, but let's talk particularly about today for the overall market, we do have some interesting information for you.

Today is the options expiration in the us since 1993, it has been a miserable day for the spy, a negative 0.07. The average gain any day is 0.05 statistically. This is a no bueno day for the market. This is the return from the close of thursday to the close of opec's um.

Okay. So that's just a little bit more of a futures thing as you can see not not the best scenario, this particular day since 1993 does have a bearish undertone to it, but i do have a little bit of a counter example for you there. What we're seeing, depending on how you want to chop chop up the data you could also fairly argue that things right now are extremely oversold to the point that whenever you see the four hour, the two hour, the 15 minute things that are this red there is. I could produce the data for you that, like when things are this low, there's just a reasonable reversion bounce, so i'm trying to i just don't want to be so bullish, so bearish.

I'm trying to present both sides of the argument that, depending on how you want to present the data, depending on how you want to chop it off chop it up. If you look at this of historically since 1993 - okay - not a good day, but also maybe not particular to the day, but when the market gets hit this bad. Typically, in the next day, you actually see a little bit of a reversion, so with all of that being said, i do have some levels that i want to point out to you on the overall futures market and just so, we have a better idea of today. These are so i zoomed in.

I hope that this is a little bit better for everyone, so this is the futures market for the s p, 500, currently trading at 4, 43. I'm looking for the test of 4465, as you can tell it previously tried to get above it in the pre-market training, couldn't really hold, i'm looking for a test and a breakout, if that does it actually sets up. In my humble opinion, a test of 4500 to 4540, that's on a breakout of the first level. If we don't get that breakout, i'm then watching 4420 and if it can't hold 4420, i'm then watching 4400..

That is my plan for the es. What i will be watching for market open the first 10 20 30 minutes for the overall market and i'll, be giving you a concept of what i'll be doing with my other positions in just a bit as we get closer to that bell, going ding ding ding! This is the overall market. That's my plan break out here. I think we could get a push today if it doesn't break out here, i'm watching this level and if it doesn't hold that i'm looking for another 20 point drop.

That is my particular game plan. On the spy today, in all reality, you can find the data and you can look at the data and chop it up. However, you want to make yourself feel bullish to make yourself feel bearish whatever it is. You have to play like don't fight the trend.

The trend is your friend, that's 100. What i personally plan on doing is just going with whatever the trend tells me um, as we get a little bit into the opening. I mean, i think, right here, we're going to have some, i suppose, a volatile reaction just to the open, because people are gon na see the red in their portfolio. So i'm looking at some volatility at the open.

So that's what we have for the overall market. Remember last night netflix reported their earnings if you've checked out netflix, it's obviously very much in the red and then schlumberger reported it this morning. So we could talk about both of those netflix crushed currently down 21, after losing 1.5 percent in the trading session. Yesterday, what's the deal, yo netflix shares fall over 20 on slowing subscriber growth.

The company said that the first quarter of 2022, it expects to add 2.5 million subscribers compared to 3.98 million added in q1 of 2021, so they're comparing the same quarter over two different years and yes, okay, these numbers are going to be inflated because of what was Going on with, like the world going belly up and everyone being stuck inside, but that's almost a 50 drop off, that's pretty stark and they also um the tone of what was being said. Not not that good um, so their earnings per share was a dollar 33 and that was versus the 82 cents. And then the revenue was what's going to be referred to as in line global play net subscriber editions, 8.28 versus 8.19. So you could look at all of these and say they beat they beat and they were in line.

So why is it down so much it's exactly because of this remember when it comes to an earnings, sometimes they give guidance in the upcoming quarter. The upcoming year and the guidance that was given for netflix was not good and that's exactly why the stock is getting hammered now, the other one that we want to talk about. Just very very briefly, i think it's slm uh hang on what's lumberjay lumberjay slb, sorry, this is an oil company um right now, it's down two percent. I think this is worthwhile to pay attention to technically they beat they beat on their revenue.

They beat on their earnings per share, but remember uh oil's, taking a little bit of a breather right now. But overall, if you look at the daily chart, oil is very, very high. There is a situation going on in the oil market where supply is being constrained, but demand is going up. The average demand is getting higher and higher and higher.

So when you have supply constrain demand going up the equilibrium of the cross aka, the price is going to go higher. Look at this run. It's gone from 62 up to 85, where we hit a new 70 year high and it's still looking strong. So if you don't want to play oil directly, maybe you don't care about the futures market.

You can watch some of these energy plays such as schlumberger such as exxon such as marathon. The list goes on and on and on want to bring that out, because they also reported this morning and slumber j actually beat on earnings when we're seeing some of these other guys actually missing the other one that had some crazy movement yesterday was peloton and there Has been an interesting development development on this peloton to halt production of its bikes treadmills as demand wanes. So when that came out yesterday on top of the fact that we see that some of the insiders to the company have sold 500 million dollars worth of shares and the ceo himself has sold 120 million, so that's why you saw piton get crushed. I saw a hilarious joke on twitter this morning.

That was saying like ironically, piton was the one that took the stock was what took people for a ride and not their product, but check this out. This was breaking this morning. Peloton stock rebounds as ceo hits back at false production. Halt reports, plans, cuts plans, costs cuts, that's hard to say, try to say that five times fast anyway, so the ceo coming back and saying no, no, no, these are false and people are misinterpreting it at.

First. Just judging it on yesterday's information, i was like. Oh, this is an easy like bearish play, let's just load up on some puts for feb and let's ride this thing down down down. I was watching that like 17 level, but now with this, it's all the sudden become a very difficult trade and remember folks, i'm not a good trader.

I take the easy trades. I don't take the hard trades, so i want to see how the market reacts to this and, if i'm being honest with you, piton has their earnings announcements on monday, the 24th, so i honestly might be hands off until we hear what in the world is going On with this situation, very very strange, like uh, there was that news. Yesterday, then the ceo hitting back - and i don't know i'm more if i were to play - i want layups, i'm not trying to shoot some fancy three-point shot and right now seems a little bit. I guess murky of a situation, so i will be waiting till monday.

I want to see how the earnings play out and i want to see what the leadership team actually says. Let's talk a little bit about intel remember about a year ago, intel and apple broke up, intel was making their processing chips and then tim cook he's like hey. I found someone else hotter and he was actually talking about himself and then intel's like what i thought. Her relationship was fine and then, like apple, was like yeah.

That's the problem. You thought a relationship was fine. It was a brutal breakup. There was a lot of tears.

Uh, everyone went through their own tragedy cycle, their own grief cycle with it, but since then intel took it off like at first, you could see it was upset and then similar to like a classic guy girl breakup, the guy started, hitting the gym he's like i'm Gon na make myself better and i'm gon na make her pay. I'm gon na make her like really realize what she's missing out on and that's what intel's been doing. Intel has been kind of quiet and it's been hit in the gym. There are some accusations potentially about steroids, but intel is looking good good.

Good good recently intel is like hey we're coming out with a low vol, low voltage, environmentally friendly bitcoin mining rig and then grid g-r-i-i-d already is like hey. We want that. Here's a giant buy order on top of it intel to beef up manufacturing with 20 billion dollar ohio investment. So yeah were times at first rough for intel 100.

Did it seemingly fundamentally bottom out and figure out a new trajectory to keep its top and bottom line kind of in check without a doubt now, like i said, don't forget about the tech anti-trusting going on politically, don't forget about the seasonality, but what i'm saying here Is do i think intel is like a great day trade or a great short-term trade. I i don't know i'm going to be paying attention to the overall market. To me, this means that intel is becoming a very solid medium to long-term type of a play. That's how i'm personally interpreting this news, but remember i'm just streaming in my mom's attic not long ago, i was in my mom's basement.

These are my own opinions. Do your own due diligence, i'm not a financial advisor. I get some trades right. I get some strings right you have to if you want to use me as like.

Oh that's, an interesting piece of news, that's great, but always dive into it, especially if you're putting your own hard earned money on the line. I cannot make trades for you. I don't want to make trades for you. All i can possibly do is share what i'm doing and just so you know i am not a perfect trader, i am not an expert trader.

I don't know how to make that more clear. You got ta fact check everything i say and do your own dd on it, but now that we're talking about so many companies and earnings and everything yes, netflix and schumer j, here's the quick setup for next week, beyond the fomc meeting, we have a crazy amount Of high caliber earnings being reported, you have philips, you have ibm, you have logitech, you have microsoft, you have verizon, you have ge, you have johnson and johnson, you have 3m, you have tesla, you have intel, you have boeing, you have a t, you have apple, you Have robinhood visa, mastercard and mcdonald's, and then you also have chevron philip 66 and caterpillar that's all next week and then the week after that, you have some crazy ones as well. Some of the top names right here - meta, aka, facebook - you have ford, you have alphabet, you have ups, you have exxon. What i'm trying to point out high high volatility, there's going to be a lot of moves, there's going to be a lot of swings.

What does this mean? It means whatever your training plan is. I am on my knees, begging you stick to. It do not get into a situation where a loss goes from a paper clip to something that ruins your entire account stick to your trading plan and particularly whatever your risk is whatever you defined your risk, as i'm begging of you, please please stick to it now. I really like doing this: let's just get into a little piece of news that it has nothing to do with the market, but i found it to be cool.

Nonetheless, teenage pilot, zara rutherford completes solo round world record. This woman is 19 years old and she flew around the entire globe. By herself it actually ended up taking a while, because there was some crazy weather uh, so she landed in belgium two months later and then planned as a result of adword adverse weather. She was stuck in alaska for a bit uh.

She was stuck in russia in a bit, but what's i that she's a 19 year old, that's crazy! This young woman went around the world by herself. I mean that that's insane, i i'm a 27 year old guy and my tummy gets upset. When i go on a roller coaster and this woman, almost a decade younger, went around the entire world by herself. Man, people will never cease to impress me alright.

So with that being shared, let's get out of all of this, and let's talk about some other things um. Yes, i do want to share the whole amc thing of how to get it, but very quickly. I just wanted to share with you this morning. Amc short interest is above 20 clocking in at 20.4, estimated jimmy's is almost at 20, coming in at 19.3, bbig still sitting above 28 and dewack sitting above 12..

I just wanted to share all those short interests with you. Dwack has a cost of borrow 250 sky high. We have vinco ventures, aka bbig sitting at 331 insane and then gamestop and amc is actually relatively cheaper because the utilization isn't maxed out. When you see the utilization pushing 97 98 99.

That's when you see the cost to borrow spike, not at a linear level but more at an exponential level, so utilization 71 versus 84 versus 99.9 versus 99.99. So just a little bit of an explanation there of how these things are commonly tied together. Remember what utilization is utilization is an easy ratio of the amount of shares on loan divided by the total loanable shares, so think of it as like a pie graph. That's your whole total loanable shares and then you're just filling up as much as actually are out on loan, the closer and closer you get to 100.

It becomes more costly, it's simple supply and demand of how many people actually want to go short and how many people are trying to actually loan their shares out to people who potentially want to go short. Both of those numbers x, divided by y, are dynamic. They change from minute to minute the pool can get bigger, the pool can get smaller, the amount of shares on loan could get bigger, it can get smaller. Both are dynamic, so just a little bit of how to interpret those numbers all right.

The overall spy right now um - i know we were talking about the s p 500 levels on the futures market. My first watch on the spy today is a gap filled to 442 and some change or a reversion back up around 448. Those are the two levels. I'm watching and then a breakdown of that i'm actually going to be watching the next gap fill at 4 36 if it can't hold 442 and change a similar setup on the qs.

The level i'll be watching is actually a pretty easy one right here. This gap fill it actually looks like it's gapping below it, which means it'll leave us with a gap to the upside um. So we could watch 456 depending on how bearish this gap down is, or it might want to fill the gap already on day, one. The one that will be created when the market opens, but if things do turn ugly and bearish at that point, i'd be watching 352.

in terms of the russell right now we're a little bit in no man's land and i'm actually watching this gap fill from back. In january of 2021 uh, just over a year ago, looking for the gap filled to 197.6 similar to the qs it's currently gapping down. So do not be surprised if the gap, the new gap that will be formed at 9 30 if they want to fill that out of the gate quickly. Looking at amc.

Unfortunately, it looks like it's gapping down a little bit by about 20 30 cents. We do have support at 16.70. I want to point out how oversold it is similar to when i was talking about the spy. When you see things this beat up um, it's referred to as mean reversion in the world of algorithmic training.

You typically have two two different types of trading. You have trend following and mean reversion that latter category is all about of saying: hey. The trend is too overextended either to the downside to the upside. Let's see if there's a statistical advantage to some form of a bounce, and i'm telling you when you see the rsi this beat up, there is a good odds of some sort of reversion um.

I don't have the particular data on amc of like what reversion percentage bounce is the most likely i'm just telling you that mean. Reversion trades are a very, very real thing in terms of gamestop, similar scenario, uh slight gap down similar to amc it's at 101. Right now in pre-market training, i'm watching that key psychological level at 100 and below that i'm watching 96. We just have some of those levels from january and february of last year, all right.

Let's move on to some of these other players. Yesterday i told you i got into dwack, i have dwack calls. Let me give you the information on that. Actually, let me just show you everything that i'm currently in before.

Okay, i have five minutes. Let's keep rocking, so i have dewac calls. I try to make this all bigger. I hope you can see it right now.

Duac calls, as you can see. Currently down 640. I have q puts currently up 181. I have spy puts currently up 328 and i currently have tesla puts so the bottom three that are all in profit put put put, and then the dwac is a call um the queues and the spy both expire february, 4th the tesla one expires.

Today, i will be getting out of this pretty much at market open to let everyone know it expires. Today the strike is 1015, so i'm in the money i just want to lock in these gains and just to give you an idea of where this account is at um, so i started it with 10 000. I ran it up to 18 000 and then i got completely demolished on some stupid, tesla trades and then that brought me back down to 11. I made another dumb trade and it came actually down to sub 11, but then over yesterday's trades and getting some of these right, i'm back up to roughly 15..

So for an update of what's going on in the 10k to the 25, 000 account challenge. It's been highly highly volatile. 10 up to 18. i got crushed.

I was stupid. I gave back all those attendees which was really really dumb on my part, but now i'm being a little bit smarter about it. So it's a little bit more slower going, but i do feel confident about how this ideally will play out, but right now we're currently sitting at a 50 gain on the account um and all of those. If you do have interest in it, i know some of them, i'm calling out in real time if i'm streaming, but sometimes i'm just not streaming, you can find that all on macquaries.locals.com uh.

Let me actually bring that up for you if you at all care about it. If you don't hang on one second yeah, that's the website, mattcoors.locals uh! You can see what's going on so basically i post my trades other people post their trades, so the tesla one that i'm in right now that i'm up two and a half grand. I called that out 18 hours ago, tesla overnight swing, tesla puts i gave all the information my premium, my expiration, my reasoning, my position, size, um and i've been doing that. So there was a tesla yellow from yesterday.

Here's my dewack call. Here's my sofi sofa was a quick day trade yesterday, so i'm just posting it in here you're going to see my winners you're, going to see my losers. We're just trying to have some accountability for this options account to see if i could get it over pdt. All right now, the final thing i know we have a couple minutes, i'm just trying to let you know of how to get your amc.

Uh nft if you did register so the first thing you're gon na have to do is go to amc investor dot. W d n y dot - i o also for this you're gon na - need the email from from amc mine was in my spam folder. Actually, technically, maybe my promotions folder. It didn't come to my normal email.

So, however, you signed up for investor connect. You had to do it before the start of this calendar year find that email look in your spam. Look in your promotions, that's where mine was, if you don't already have a wax wallet. You're gon na have to create a wallet, and it's gon na bring you over two wax.

Once you have, the wallet successfully created, come back to the original website, the amc investor.wdny and in the email there's going to be a 16-digit code and you're going to enter the code and hit redeem as soon as you do that it's going to pop up on This screen, but then, if you go back to your wax wallet, you can click on your nfts and it's going to show up right here and you're going to see that this is my nft. This i own amc and you could actually see it. Obviously, with the crypto you can track how so this was basically straight from then and as people trade it. I see that people are already selling some which is kind of interesting, but you can see so last night i got mine and i just did it from this redeem and but once again the issue with it is honestly.

I think the hardest part is tracking down that email to get your 16 digit code, so you can actually redeem and just remember, if you don't have the wax account you'll be directed on this website to this one to create your overall wax account. So i hope that helps anyone out there where, if you did sign up in time but you're having an issue getting your amc based nft, that's how you do it uh the big trick. There is look in the right folder. It wasn't, in my main, one look in your spam.

Looking your promotions for whatever one you did to sign up for amc investor connect all right and obviously, if there's any questions, please let me know all right: let's get really set up on the day and let's see how things are going to open all right now. Remember in high volatility times like this to create a new position. I think it's personally advantageous, ding ding ding, the casino is open. I think it's personally advantageous to sit on your hands for the first bit.

Um remember for me. That doesn't actually mean closing a position. I have no issue getting out of a position right at market open, but i am closely watching tesla right here, because i have those ones that expire today um. Actually, i need to create closing order, uh create closing order.

Let's see, let's see if i could get out at 27.50, confirm and send send all right. I put in an order to get out at 27.50 i'll just see um. If i'm not getting a fill right away. I might just change it, especially if it holds above a thousand right here.

What's the spy and the q's doing um any of your questions coming in, i will get to them in just one. Second, i'm just trying to get out of tesla kind of getting beat up at the open here, i'm just going to watch this for one. Second, i see the spy pushing. I see the cues pushing.

This is the kind of tough thing. This is what i'm saying about volatility. Could this be the start of like just a bounce today, of course, could it also be just like an opening market fluke? Yeah, you don't know time will tell hindsight, is 20 20.. It's always easy to be like.

I should have traded that way. I should have traded that way when you already know how the chart played out how many of us have been sitting there and you're. Looking at the chart and you're like i could have gone in here, i could have gotten in here. Well, that's easy when you know what it did but right here i don't know where it's going to go.

It could punt like push higher, it could just dump. I don't know i'm doing my best just to see how this goes and i'm very closely paying attention to the spy and the cues in this situation. I know this is a key level for tesla and i'm basically just trying to get its vibe of. Is it going to hold a thousand or not if it doesn't hold a thousand, i'm gon na be feeling good if it does hold a thousand, i'm gon na be giving back some of my gains, but hey that's just part of this game all right.

Let's see what's going on there, the queues are still pushing how's bbig doing this morning, bbig getting back up to four dollars currently down 2.5. On the day we have amc trying to get back above 18.. I like that um how ooh, but the russell's going down. If you're closely watching amc today pay attention to the russell, it will be difficult for amc to push.

If the russell takes a serious hit, you either want the russell to go sideways where people are hopefully not paying attention to it or obviously pushing would be good, but like a severe hit, would drag the components of the russell down with it. Um so pay attention to the russell, but thus far amc trying to push back green. Oh nice pop right there and gme gme got pushed below. No, it didn't actually go below 100..

It almost did, but then someone stepped in and kept it above it just so. You know if you want to know the price of amc or gme. If i don't have it up, it's on the right side of your screen right here right where my mouse is, you have amc, you have gme and then some of the other ones that seem to be of interest to people. What do you mean if you're watching amc, i mean not everyone's watching amc? Not i mean that's exactly what i mean, i'm watching amc, but i'm also not actively trading it um.

So i have no no need whatsoever to do uh to see like every minute bar. If, if you're actively watching a chart, that means you're probably actively trading, but for me amc i mean i'm i'm just in i'm hodling, there's not it's not particularly useful to anyone. If you're diamond handing it and watching the minute chart um what else do we have talk about buying amc today before closing matt amc, amc, amc, amc, yeah that i see that going around of people trying to get people like a coordinated, buy attempt? That's super illegal. I want no part of it.

I am confident in my own amc, i'm confident in my own gme, i'm confident in my dd of both. I don't need some sort of like coordinated push by a community that is like the definition of illegal. You might be arguing that market manipulation is also illegal, so why can't we do it? Two wrongs do not make a right. This concept of everyone trying to like coordinate a buy um.

I don't want to touch that. That's exactly how you piss off the sec. Even more and that's how you get people who are in this community to get in trouble, that's nothing i will have a part of, and then i also saw some commentary about people getting. Oh, my tesla just got filled hang on.

Let me check yep right here. Uh so my tesla just got filled uh, which means hang on. Why isn't there more of a breakdown uh i got out at 27.60 and how much did it cost and i got in at 12 27, which means the contracts made me uh. What is that? Uh 1.

400 each. So we locked in the tesla gains sticking to our plans. Let me just update the locals. Wait is that actually, where did it go through? I got out at 27.50 on each one.

So almost 1500 per one closed, tesla tesla update closed again. Let me just update this very, very quickly, 27.50, all right nice. That was my plan. Obviously, if i held it, i kind of made more money, but the expiration is today um, so i didn't feel like really messing around with it too too much all right.

Amc had that nice push 1850 has become important support, it's become important resistance, 1850, ish, ish plus or minus. I don't know, 10 20 cents has become an important level, but once again it's that type of, i guess monitoring is important for actively trading. Oh, where i got distracted when i got my tesla fill. The other thing i wanted to talk about was people who were pumping amc 145 options for today they are losing you money, the chance of amc hitting 145 today, given the situation of the overall market is fuck all anyone who told you that they're gon na lose You money, if you followed that i feel so incredibly bad for you, people who were using that rhetoric have no idea.

What's going on in the overall market, the extreme amount of headwinds that the russell 2000 is running into right now, seasonally, and also just because of what's going on with the fed and what's going on with rona, for anyone in this world to possibly even give an Inkling that the 145s for today were somehow a reasonable good play. They that is proof to you that they literally have no clue what they're talking about. I don't care who said it whatsoever. They cost people within this community money and it was so obvious that they were costing people money now, some of you might want to say, but matt they were just being really bullish and i like, when people are really bullish, it makes me feel better.

You know what i care about. You know what makes me feel better. Is people making money and not losing money on such idiotic concepts? Please please. These people, who are over hyping and like giving these insane short-term, extremely high price targets, price targets and dates - have not worked.

We've been at this for a year. They're not gon na suddenly start working dates, price targets. Whenever you see it, just don't trust it. Just move on there, no one has been correct in the entire year we've been at this.

No one calling out a price target. No one calling out a date has been right. Ever they are oh for a million attempts they're not going to suddenly start being right. Uh mark, do you use tibio? If so, what screeners do you use most thanks for? Oh yes, i do so.

Actually that was something i wanted to talk about. Let's um! Let's save that for a little bit like maybe later like. Let's let the market open and then we could come back to tiblio and we could also come back to unusual whales, because i wanted to talk a little bit right now and tibio and unusual whales will be a good tool for it of how to protect yourself. In a market such as this, when you see things getting viciously rocked and what i actually mean is potential ways for you to make money, how many day trades do i have dewac is just holding tesla is at support right now of what is this low? Hang on 980, let's see speaking of making money in down markets um.

So even though this looks like a bit of a breakdown, would i attack this right now? Um i would want to, but i wouldn't, because it's the equivalent of chasing one really quick rough rule of thumb, of to ask yourself if you're chasing it would be equivalent to going short or going long on a put when it's on the south side of the Keltner channel or you could always also use bollinger bands, but if it's basically outside of the volatility bands, that's a little bit chasy on whatever timeframe you're on and then the equivalent to that on. The upside would be if you're, going long buying the stock buying. A call when it's on the top side of the volatility bands, so does this look weak right now, yeah, but do you want to chase it? You might want to chase it, but you shouldn't chase it because the odds of reversion are decently high. Could it keep selling off? Does it have to revert absolutely not, but we're talking about the the concept of many many data points uh once in a while.

You have things that skew away from normality and how things behave. That's totally 100 possible, but this is about creating a trading system that works over many many data points it's never ever going to be 100 and you also like don't want to break your rules for some like individual one uh breaking your rules once in a while. Maybe hey it might make you money, i don't know. I wish you the best of luck, but if you continually break your rules that will cost you money.

I just want to say props to the monterey today, shout out. Fist of frost shout out shout out shout out, what's going on good morning, rumble good morning, twitch good morning, youtube um, to give you an idea of the overall market right now you can see that tech is getting hit and, what's it doing dragging all of crypto With it, um we're sub 40 000 on btc we're sub 3 000 on east we're sub 125 on solana. Maddox getting hit up. Look at all this red.

It's it's a bloodbath! My only green thing right now is lucid and prague. Everything else. Oh wait. Corsair corsair is somehow doing well, but, as you can see, it's essentially a c of red, a sea of red all right.

We need to see the overall market. So, let's talk about a couple ways of this is a very, very good learning experience for everyone, especially if you are a retail trader who's been brought into the market within the past year. That means the only market you've seen is a very, very soft, easy bullish market. If you started in january or february all the way up until about a couple weeks ago, it was comically easy.

All you had to do was essentially go long and you made money. You are now seeing a most likely, a medium turn change in trend of the market. Unfortunately, the market does not just go up and up and up all of the time previous to this, if you bought stock, if you bought calls, if you played it right, you were most likely making money, but now, with the trend change it's all about. Okay, what's the newest trend, the name of the game when it comes to the stock market isn't just buying like if you just want to be along? If you want to be a bull okay, but that still means you have to identify the current trend.

The current regime that we're in for the overall market - and i deeply believe right now that we're probably heading to i wouldn't say, bear territory, but i would say we're heading towards correction territory to me: we're seeing the starting signs of okay, a trend, change, which means You're always just trying to play the new trend. That's exactly why i had tesla puts that's exactly why i have spy puts that's exactly why i have cue, puts i'm doing my best to identify the trend. Let's see if i'm right, if i'm wrong i'll cut it quickly, if i'm right, i'll ride it out, because you're always just trying to make money off of the current trend, especially if you're an active trader, if you are a diamond handed a poddler well, your story Is a little bit different? What you're doing is paying attention to the spy, the cues and the russell, and maybe a little bit of the vix to see the pressure that amc, gme, your crypto, your bbig and that type of stuff will be under because remember when things go south in the Market, the money first gets pulled from higher growth. Higher risk options, such as as media, would call it meme stocks um such as crypto look at things that are considered to have a high risk profile.

That's the exact first place, you're gon na see money get pulled from with it. I don't know if this is momentary, i don't know i'm not clairvoyant. I can't tell the future. All i can do is tell you exactly what i see on the screens.

We could dive in the data together of stuff related to the fed, but the name of the game is identify the trend, if you're in the scenario that you think trend is to the upside. Well, that's when you buy stock, that's when you buy calls, and if you want to be a little bit conservative you can sell, puts if you think the trend is to the downside. That's when you could go short, that's when you could buy puts or that's when you could sell calls. If you think that the market is just a choppy mess and it's really not going to go anywhere, that means you could sell calls.

That means you could sell puts that means you could sell both calls and puts those are basically the three trends we're gon na see. Overall, if you think maybe a little bit of a caveat on the last one, if you think it's going to be a choppy market with volatility, don't forget cash is a position you do not have to trade. You do not have to have all of your ammo deployed at the start of this week, tuesday and wednesday. I just i was cash heavy in the newest account, i'm basically when i'm referring to my account.

Now it's one of two things: it's either my public account where you could see my amc and gme or it's the new options account that we're trying to get from 10 to 25 000. So those are the two accounts that i'm most likely referring to, but for the options account, i didn't really do much. On tuesday and wednesday i took a quarter sized position on spy. I took a fifth of the size of the position on cues and i sat and i waited and i waited and i waited all right - we're seeing a little bit of a bounce in the russell right now.

So if i had to bet any money, i would bet that amc is starting to bounce okay, it's a little bit muted, but yes, we're seeing some green you're, seeing it bounce in the spy you're. Seeing a bounce in the queues money is starting to pour in the question is: is it gon na hold, or is this just like a little bit of a bull trap? Time will tell this is why i'm telling you on days, like today, higher volatility? I personally prefer to wait more than that 10. 20 minutes. I like to wait: the 10 20, maybe even 30..

Let's see how it plays out because remember remember what happened yesterday. Let's take a quick walk down memory lane. It pushed all the way until 11. The first 90 minutes were bullish, we got into some chop and then the rug got pulled um.

So i i very like, if you're making a quick trade right now, i think maybe it should be that it should be a quick trade. But this is exactly what was. Could i have made more money on tesla yeah, but i didn't know like it could have bounced there and ripped my face off. I'm never gon na cry over a profitable trade.

Where i stuck to my plan. Put up the bbig chart bbig, i would love for dwack to actually bounce would love, for it would love for it matt to use moving averages when you trade, i find when doing ta looking at the 50 and the 200. It's really helpful as well as the 9 ema and vwop i do, and actually let me show you one thing so, first of all just so you know when you're using the keltner, this middle line is the nine ema for whatever time frame you're on um. I'm a big fan of the keltner i'll use bollinger.

You know i use rsi, you know i use macd, i would say those are the four things i go to um when i'm like just doing like a quick rough technical breakdown. But what i wanted to show you was yes futures daily uh. Let me get the moving average right here, so the levels that i head out early this morning before the market opened. The 200 is an important one.

Look at this right here. This means the market. Many many people are watching this. Many many people are watching this right now and let me switch this one over to the 50..

So when you're looking at the daily um, especially for the overall, like indices such as the spy such as like and i'm on the s p futures market, you could look at it for the queues. You can look at it for the russell, whatever these major ones. The two probably biggest numbers people watch are the 50, that's the one on the top and then also the 200.. They are commonly support and resistance, as you can see when we were watching this check.

This out bounce bounce bounce break down a re-test support going to resistance once again acting as resistance. We try. We try on the third one third time's, the charm it breaks out, support, support, support, tries to bounce off of it and then right here when it was breaking down, you saw very quick capitulation. That shows you that big money operators and most likely high frequency traders and algorithmic traders were using this and then it very quickly capitulated and sold and now you're actually seeing buyers step in surprise, surprise at the 200..

I don't know if it's going to hold, i mean anyone, that's telling you it is or isn't going to call. I don't know. How would i know that all i know is. I could play the level if buyers step in great i'll join the party, we'll rock it back to the upside, if there's weakness and it breaks down all right, i'm going to stay bearish and i'll rock it to the downside.

This concept of knowing what's going to happen next, it's as good as flipping a coin. It's all about doing your best to see okay, support resistance. What regime are we in? How can i play the current levels of support and resistance? I am telling you this right. Now, no one on this planet, unless you're, probably working at the federal reserve, knows if this is going to bounce or not.

All i can tell you is if it bounce great i'll, go long i'll ride it up to whatever level if it doesn't bounce all right. I'll remain bullish, but yes, the 200, the 50 in simple moving averages. I use those quite a bit and then when it comes to exponential moving average. Oh i'll also use the 20 for various things.

But when it comes to exponential i'll use things like the 9 and the 13., i think they're good tools, they're, not the end-all be-all, but i'll use them. Uh, amc kind of getting rocked right now is the spy getting rocked. Yes, are the queues getting rocked? Yes, uh spy. What level gap fill right? First gap fill lining up with the 200.

I don't see how we don't touch 442 feels like the market would want to very much examine that level. Uh. Let me see if i have any day trades left that i can call out, so i'm definitely getting beat up on dwack. Those calls right now.

What's the expiration date on those feb4 but hey the other things are keeping it alive all right, all right all right. Let's see how this goes, wow wow, wow, hmm, no delete! Hang on, i'm just trying to figure out. If i do or don't like this, what are we we're almost 30 minutes into the day and the question is you see the spy came coming down? It got that bounce, is it gon na be a double bottom or are we about to crush through it? The million dollar question january 20th. All right, i'm trying to get a fill.

I'm trying to get a fill um cancel, cancel, cancel, cancel all right. I got. I believe i got that trade in yeah all right. I will update locals with it and bring you back to this screen.

Um. I had a little bit of a bearish bet going on dwack coming down. Don't need to watch that amc gme. We are seeing some pressure uh.

Let me update with the newest trade. Let me see, let me see all right, prime, was expensive. You can see in the options market right now how much the i suppose, volatility is jacking things up, because everything costs even more tesla. All right, okay, i just posted the newest trade just to give everyone a little bit of info on what i did.

Uh new tesla play tesla put strike 925 expiration january 28th. The premium that i paid 27.15 risk tesla getting back to and staying over a thousand goal is to sell half of my puts at a 50 gain and let the rest ride. That is my trading plan and i will be sticking to said trading plan and judging by how the market is looking right now, this very might, i might be going from what i thought was going to be a swing. Trade to this very well could become a day trade which do i even have a day trade left day.

Trades left yes day, trades left one okay. So if i need to um, i thought i had checked that this morning, so it's nice to know that i actually do have it um you're, just seeing pressure, the the entire market is getting annihilated right now, the spy i'm closely closely watching this 200 level. 442. That's the magic line in the sand for the spy.

In fact, it's so important. Let's just map it out right now, 442, obviously give or take this stuff is never going to be exact right. There 442.. Let's see, let's see everything's roughly at its double bottom.

It overshot it a little bit that could be weakness, but it could also be interpreted as a bearish trap. People might have been like yo it broke, let's just get it and then they get screwed and it actually pops up. That's a possibility. Time will tell that's why you have to have a risk.

My risk right now on tesla is a thousand, but i would actually be nervous if it gets back above 986.. Let's check out the cues another day of getting crushed. It did get the gap bill check. This out the morning, you know how we were talking about like oh, it might just gap, fill right out of the gate, so we opened at 359.47, but yesterday's low was 360 117.

Well guess what today's high was 360 124.