Foreign, so foreign bye, hello, there we are, what in the world happened there all right just had to reboot the old audio system, but we are good. We are good gang. I wanted to give you that, of course, it's a friday. It's a party friday and man.

Oh man is in an exciting friday, some crazy, crazy things going on if you're looking at the pre-market auction. Yes, i'm sure you've heard about amazon snapchat ford. They all reported after market closed yesterday, but man, oh man, we have bigger news than that and it's actually a weird scenario where good news is actually equating to bad news. Your mind's probably like what are you talking about? How could good news lead to the market going down? I will be doing my best to explain why the success of the jobs report that came out about 30 minutes ago is actually leading to a downturn in the overall markets, at least in this pre-market session.

And of course we will be diving into the earnings reports. Amazon snapchat ford i'll, be giving you the short interest for amc, jamie we'll be going over the short interest, also on the spy, the qs and the russell, and then i have some just other related updates for you, um. So man, it's a very, very weird pre-market right now i, like i said i'll, be doing my best to hopefully make it like digestible and explain what's going on, but we are definitely facing some interesting times to say the least. So with all that, out of the way, and now that i finally got the audio actually working, let's switch this over to the main show.

So, as you can see, the s p 500 down point five percent and amazon still green from its earnings. Yesterday, up 10.7 snapchat's, so green up, 41 and ford is actually down from its earnings down 7 as we're talking, so we're going to be getting into all that. But what you need to know here is: first, a look at the overall market, dow future's down s, p 500 futures down nasdaq futures, pretty much neutral like centering around that red green move oil sky high. We have not seen oil this high it's at 92, at least not this high in like the past seven years, and now yields are up and really this spike in yields is really indicative of.

Why we're seeing pressure on the overall market right now and why is there such a surge in yields? Well, payroll came out. Payroll gains, 460 000 jobs in january, despite unicorn surge. This was way above expectations, as in there was a lot more non-farm, payrolls being or jobs reported than anyone expected. In fact, outside of expectations, it was like a three like sigma move.

Um like no analyst got this right. Non-Farm payrolls searched 460 000 for the month, while the unemployment rate edged higher to four percent. According to the bureau of labor labor statistics, the dow jones estimate for payroll was a hundred fifty thousand and a three point: nine percent unemployment rate, so the unemployment was off by a tenth of a percent. But look at that job discrepancy.

The expectation was 150 000. When in reality, came in at 467, 000, that's off by almost 200 percent december, which initially was reported as a gain of 199 000, went up to 510 000. So they had to redo those numbers once again off by quite a bit november, search to 647 000 from the previous reported 249. For those two months alone, the initial counts were revised up by 709 000..

We are seeing this being plagued by serious underestimations of how many jobs are coming back for january, the biggest employment games came in the leisure and hospitality industry, which i find noteworthy to bring to you, because everyone leading up to this was saying no, those are going To be the hardest hit, we're going to potentially miss on these numbers, and everyone got this wrong. Every analyst, like even the white house, had some commentary on this. Everyone was dead wrong. The job games uh brought unemployment back to 1.7 million below where it was in february 2020, a month where the pandemic uh for the pandemic declaration check that out we're talking about numbers from feb 2020..

So you might be sitting here and you're like whoa whoa, whoa whoa, whoa, whoa whoa, how in the world do we live in a scenario where the spy and the queue is getting rocked on the fact that the economy is looking better right now that doesn't make Sense and you're you're actually dead right that that's very confusing, let's dive a little bit more into that. Why why why why why why why why why why, well, let me explain so we're in this scenario, where we know that the entire market has been proverbly backstopped by the fed. Their goal isn't to push the market higher. Their goal is keeping unemployment as low as they possibly can, and price stability, and sometimes the side effect of that is pushing the market higher and higher, especially when you're doing things like keeping interest rates low when you're doing quantitative easing buying all these assets.

Mortgage-Backed securities bonds, treasury bonds, corporate bonds, you're helping the repo market, all these with the goal of price stability and keeping unemployment as low as possible, has sometimes a clear side effect of pushing the market higher and higher and higher most, and they would argue, probably all Of the things they consider they're like we don't really look at the stock market. We care about the economy. What this is showing is that the economy is actually pretty strong, and it's also highlighting that economy can be correlated with stock market, but they're not exactly the same thing. So these numbers being reported right now were very good.

It shows that the economy is actually way stronger than expectations. Well, hang on if you're telling us that the economy is stronger than like everyone's expect. That's a good thing. That means the stock market should go high, we'll think about it.

This way, if the economy is that strong, that might mean that we actually don't need the support of all the things that the federal reserve has been doing lately as in they might become in a little bit more hawkish. Remember we're all expecting a rate hike in march and the question is: is it going to be 0.25 or is it going to be 0.5 well with the economy flexing its muscles and they're being this big? It might come in at 0.5, which means that interest rates going up - that's not really as accommodative for the stock market. So right here. This is one of those weird scenarios where good news for the economy is actually kind of bad news for the stock market, because all that support we've been getting from the fed might be going away a little bit more quickly than people expected, because right now, the Economy is, like, i said, doing way better than expectations, and i know this is a weird thing, but that's kind of what's going on.

It's like this weird catch-22 scenario of what's good for the economy. Good solid reports for the economy is actually going to be hitting the stock market, and it all just relates to it kind of gives the federal reserve an opening or central bank the opportunity to be more hawkish than maybe they were living on before. Maybe then expectations were before um it's with this report. Coming out, it's getting a lot of people to think that, maybe, in march, about six weeks out, seven weeks out, we might be getting that report from the next fomc meeting that yeah no, we did a rate hike and actually came in higher.

Some people were digesting 0.25 well with the economy. Being this strong, remember, they're, trying to fight inflation, they might use the tools at their disposal, i.e, raising interest rates and well. We already know that they're going to aggressively stop tapering at the start of march, but this this is giving more oxygen to the particular argument that all right, what if they do, this balance sheet runoff a little bit earlier i mean even jerome powell, the chairman of The federal reserve and previously he's like, depending on what the economy does or doesn't do, this might be a very real conversation for the end of the year, referring to balance sheet normalization. So that's! What's going on with a proverbial good report of the economy, leading to a sell-off in the market, um there's also some other important things i want to talk about.

That also has like an impact on the market, and you know: we've we're in the middle of earnings season, we're clearly in the middle of earnings season and recently apple tesla, uh, microsoft. All did very, very well. Facebook came in a couple days ago, two days ago, and they didn't do so well that brought the market down and then yesterday, if you were paying attention man, oh man, amazon, crushed it a couple headlines, yeah they're, doing really good, with rev uh their cloud sector. Doing really well they're also raising price of prime memberships.

They made a lot of money off ads and uh, like their stake in rivian, amazon shares soar on cloud revenue b and huge profit game from riving stake. Amazon shares rallied in extended trading thursday. After the market closed yesterday, that's exactly when they reported posted. A big earnings beat for the fourth quarter, the one that ended december 31st 2021, helped by a gain in investment in electric vehicle company rivien uh.

The company also disclosed revenue from its fastest growing advertising business. For the first time, in fact, the advertising for amazon surpassed youtube, so here's the earnings per share, they beat 580. This is adjusted by the way versus 357. The revenue uh slightly down the revenue didn't beat but very, very close, 137.4 versus 137.6 and their aws revenue did be uh, and this is like the cloud computing sector.

Uh 17.8 versus 17.37 expectations, um, so their fourth quarter. Sales grew 9.4. That's actually pretty good, but that's the first period of single digit growth since 2017, so something to consider even with the weaker than expected sales numbers and disappointing guidance. Amazon gave investors enough confidence that growth will recover.

Uh. Their advertising services grew 30, 32 year-over-year to 9.7 billion during the quarter. Uh amazon also hiked the price of its annual prime membership. It's 119 going up to 139.

The company's cloud computing business was one of the notable bright spots and remember for the remainder of the decade and this year, i'm very, very bullish on cloud computing. Think amazon's, aws uh google cloud think microsoft azure all of those cloud computing. It is here to stay, it's growing rapidly, very, very bullish on it uh. So the revenue of aws climbed, almost 40 percent to 17.78 billion, topping analyst estimates so overall um aws the cloud and their stake in rivian really really helped them.

Uh single digit growth, first time since 2017, something to consider - but they did do a good job at. Like kind of calming people down, but they also, like many other companies, talked about yeah. No there's still these chip shortages, that's a very, very big deal another one that crushed it was snapchat. If you somehow got calls on snap, you were sitting there with a giant smile on your face right now.

Snap shares rocketed as much as 62 on first ever quarterly net profit. Ever since going public. This past quarter was the first time they had a net profit. Uh, their earnings per share was 22 versus 10.

Their revenue was 1.3 versus 1.2 expectations. Their daily active users 319 versus 317, and their average revenue per users was 406 versus 379 right there and they also increased their guidance for the current quarter, win across the board. Snapchat destroyed it, the bulls were very, very happy on snapchat, like everything about snapchats, was a very, very good report. On the flip side, a not so good report was forward.

Four chairs follow after first quarter earnings significantly miss wall street's expectations, so their adjusted earnings per share was 26 versus 45, so they definitely missed on that almost off by 50 and then also their revenue just barely missed 35.3 billion versus 35.5. While the automaker hit its annual earnings guidance for 2021, it missed production target. Analysts were expecting due to supply chain problems, including an ongoing shortage of guess. What semiconductor chips? There's many many companies who are continually talking about the supply demand issues.

High high demand, low low supply in the world of these processing chips and those are the companies nvidia intel amd. Those are the guys making the chips and there's a massive massive demand, and the supply can simply not keep up so overall amazon people happy with it. Snapchat clearly beat across the board. Ford did not, and all of them at one point or another, were talking about just like supply chain issues, advertising issues like prompting from supply chain stuff, but on top of that, so those all reported last night and then this morning we got that jobs number good For the economy, not necessarily the best for the stock market, uh interesting, interesting situation, we're going into when the bell goes: ding ding, ding in about 15 minutes, um a couple other things i wanted to share with you, but very quickly.

I just want to go through all of this, so yes, um economists, fear january non-farm payrolls could actually decline. Well, it was the exact opposite of that amazon crushed snapchat, crushed ford did not crush. So basically we are coming to the end of earnings season. Yeah there's some important ones next week, such as walmart yeah, there's still some important ones, but next week is probably the last major week of earnings season.

Just so, everyone knows um a couple of the things i want to share with you just before we get into the short interest numbers and some chart review that day that facebook fell after its earnings. So like we saw the giant reaction to it when it was down about, i believe, 26 ish. That was actually a record. It was a record a bad record to have, but it was the largest single day loss of market cap.

That's crazy! What we witnessed in facebook that sell-off was actually record breaking in a very negative bearish way, but that oneself biggest single day decline in market cap in a company ever ever ever ever um, not so much related, but hey. If, if you're not paying attention to me right now, maybe you have it in your background. I believe right now live uh the olympics. The opening ceremony is currently going on uh.

So today we are kicking off the olympics and there are actually some new events. Uh women's motto: bob have no clue idea what that is: men and women's big air skiing, mixed team relay in short, track; speed, skating, mixed team, ski jumping mix, team, snowboard, cross and freestyle skiing mix, team aerial. So it seems like they're, adding quite a few new sports that are like related to mixed team stuff. I myself, i always think it's cool to watch the speed skating.

Those people are fast, as can be also um just related to the super bowl. I believe. That's the 13th is the day of the super bowl about a week out um a little over a week, but look at some of the numbies, the numbies, the numbers geez i mean some of these, like some of the ads, are going for 7 million those little Like 30 second spots, right here with multiple 30-second advertising spots, selling for 7 million each, i have to ask you, as like the world's premier market show. Why is no one paying me 7 million for a 30-second advertising spot uh the money related to like super bowl ads, it's absolutely wild and before we get back into the real like market details? Hey if you have some free time this weekend and you're.

Looking for a movie to watch, if you want to watch it at your local amc, uh, the newest jackass movie just came out so maybe, if you're watching it for a little bit of a nostalgic vibe. But i remember growing up on these guys, absolutely hilarious. I think they really did have a big cultural impact on some of the shows and skits and pranks we see today, but yes, the newest one just dropped. So if you're looking for something to actually do this weekend, maybe you want to go see jackass forever, uh.

Overall, where are we right now, uh, the dow officially did go red or the dow's been red s p red now. The nasdaq officially did also go red. Looking at the futures market, oil's still hanging out at 92 and yields pushing 1.9 yields going higher and higher and higher. So let's take a quick look at the s: p.

500. So we got this breakout from the 200-day moving average. We got that bump got a nice three-day push from there. After a four-day rally.

There is a very small gap between yesterday's high and the day before that's low, but what i'm seeing on this little gap down yeah we're forming another gap potentially to the upside. I am watching this 200-day moving average. My plan is that simple, i'm gon na look for a bounce off of the 200-day moving average. If we don't get it i'll, switch bearish and i'll play it down to the next level around 428.

It's honestly that simple! This 200-day moving average on the overall market is my bullish, slash bearish indicator if we stay above it bounce if there's buyers great, let's stay bullish if we break below it close below it, especially on volume. Well, i'm looking for the next leg of the like downside to around 428 kind of a similar setup on the qs right here. The queues are gapping down by not that much we close at 353.55 we're at 353.03. So not that crazy.

It was previously rejected at the 200., similar to the spy. We do have a gap to fill to the upside this one's at 364.29. I do think that will get filled. I just don't know when it could happen today.

It could happen this week this month, or maybe it could get pushed out longer. But overall i do like playing these gap fills um, i'm going to be seeing how it reacts to 350. That's a key technical level, key psychological level if it can't hold that i'm watching 340. and then for the russell we had this failed breakout.

This trendline breakout got smacked. Um also couldn't hold that key psychological level of 200. right now. This is similar to the spy in the qs small gap down this morning.

If we can't quickly recapture 197 and a half currently trading at 196.80 i'll be looking for a little bit of a downside to 191.. So all these right now, i am going into this morning, uh, if, i'm being completely honest, i guess, like i have mixed feelings because amazon crushed it and my thought is like okay yeah that could potentially undo people's negative like bearish connotation of facebook, but we got To throw a wrench into the situation with the very good economic report, what is not so good for the stock market because it relates to the fed potentially being more hawkish and them not backstopping the economy as much or the stock market as much as they previously Have so like i said, and it's a weird paradigm, i fully get it it's like a catch-22 scenario of good for the economy, not necessarily best for the stock market. So you have like that potential bearish influence. But then you have the positive influence of amazon and snapchat, absolutely crushing it so mix scenario, and when there's things like this, when you're like man, i don't feel that strong about one way or the other for the overall market.

Those are the days you got, ta be comfortable just sitting on your hands. Just sit just wake patient see if you can identify a good trend that is or maybe not being formed. So, overall, that's my thoughts on how this is going on and we're going to get into some individual stocks in a second. But just so you know the s p.

500, the barometer for the overall quote-unquote stock market being shorted to a rate of 38, the nasdaq 100 24 and the russell 2000, almost 43. um i'll. Just give you amc's right now: ding ding, ding, new, all-time high short interest being reported 21.7 percent, and for gme we are a hair below 20.. We are at 19.73 so now that we're discussing those let's bring up these charts, um amc is actually up in pre-market right now.

So i'm a fan of that uh up 0.87 percent. We, the closest support we have currently trading at 15, is 14.50 we'd love for it to get over 16.25, and i would really like for it to get over 16.70. Those are key levels, i'm watching on amc in terms of gme, also green in this pre-market session. Up by half a percent would love for it to recapture 100 and then from there, i'm watching 105, with major support being around 86 ish um.

So now that we got over those all right we're seeing a little bit of a bounce back right now in the queues hang on. Let me bring this up over here this stuff. It's so messy! You can see how volatile like we got these prints after the reports from snapchat amazon um, obviously having an impact on the nasdaq, so crazy action kind of an ugly looking chart right now and but we're getting a little bit of a bounce back. I understand why the market went red after that report, but i still feel like it was a bit of an overreaction, like i think at minimum.

We should at least be hitting those gap, bills on the spy and the queues and on the russell to the upside. Once again, if you're in snapchat seriously massive massive congratulations to you that it's up 45 right now, i didn't play snap. I had no skin in that particular bet, but man, if you did seriously massive congratulations to you, i'm so happy when any of you are making any money in any way unless it's directly betting against me. But even then i am still secretly happy for all of you um so right now let me bring up the russell over here and we could also bring up all right a little bit of this volatility.

It's going to be very, very interesting to see how the overall market opens today, so with the volatility in the bottom right and the major indices on the other three panes. Let me get that set up, and then let me save this. Let me do it this way, because i know some people are going to obviously be interested in seeing what amc and jimmy do or don't do so, let's get that open and then throw up the rsi on the bottom of both of these all right. We are getting ready getting ready for the day for that bell to go ding ding, ding, ding ding.

Now i wanted to give you the layout and all that, yes, the olympics are starting facebook ads or excuse me. Super bowl ads are being sold for a lot that facebook sell-off was record-breaking in a bearish manner of the single, the largest single day loss in market cap. We have an interesting scenario: amazon beat snapchat beat ford did not be, and then we have the jobs report from this morning. I'm expecting a pretty crazy volatile opening.

It should be interesting to see how this all does or doesn't play out um in the very short term. Ah man i like at first i would have been bullish and then i feel like that jobs report really messed things up. In my estimations, i guess in a certain way and i'll, let everyone know, as my like opinion, desert doesn't change, but once again, i'm not a financial advisor, i'm not a fortune teller. These are just my own opinions.

It seems crazy to me that we at least wouldn't get that little upside push for some quick gap fills both all three the spy, the cues and the russell all have very small gap. Bills to the upside seems like maybe the a good opportunity to get that fill, but overall i mean we could see some very like high volatility today. So, let's, let's just be calm, sit back and like calm cool collected and see what trends truly form after we get over that initial morning. First, five minute push of volatility all right, so with all of that being said, um, let me turn it over to you for any and all questions uh what actually or text on bb ig more than happy to be bbig.

Let me get this up. Bbig uh, the short interest on bbig is 30.77 percent. Utilization 100 shares on loan 42.5 million and a cost to borrow of 97, so very, very high numbers on bbig same as amc same as gme same as the spy same as the q same as the russell. Overall uh and i've been kind of like pitching this concept of it seems like we do potentially have a perfect storm brewing for, like an overall market squeeze uh duck shirt.

What's the occasion hey it's, it's just a fancy, shirt friday, fancy shirt friday. Of course that's the occasion that is always the occasion all right. What else do we have? How long do we stay in this february, chop um, the february chops is actually like, statistically speaking, if you're looking at seasonality, we're actually almost done with chop um. I have no idea how it'll play out this particular february, but if you look at the past two decades worth of february data we're actually almost out of the chop session and we're pretty much in the like the bullish push session seasonally.

Does that mean it has to play out that way? No, i mean it doesn't have to play out that way, but um, that's just like what we're seeing from like the seasonal aspects of like yeah, we're about to see. Potentially a bullish, a nice fingers cross a nice bullish push but overall. Well it whether the market's bullish or bearish i'd prefer it be bullish, because i know that will assist like uh the money flowing back into amc and gme. But if we're just talking about the spy of the qs and the russell, i mean what you really want is just a nice trend, whether it's a bullish trend or a bearish trend.

You just want a nice trend that you can play on uh, classic duck shirt. Cameo got ta respect the classic duck roots. I love it. I love it.

I love it. I love it. I just woke up. What did i miss? Oh man? Oh man, you missed some important important reports.

That's for sure! Oh, if you haven't already, it would be awesome if you could help me out by destroying that like button, whether you are on rumble or youtube, if you could hit that like it really does help me out with the algorithm and then, if you're on twitch. Don't forget to follow and then obviously on rumble and youtube, don't forget to hit that that old, subscribe button liking, subscribing that stuff, it's completely free and it's all. I honestly ask for i don't, like i'm, never gon na ask for a single cent from any of you. I love doing this stuff um.

I just asked for a little bit of help with like the social media aspect of things. What app do i use to watch the market? This is trading view that you see on the screen and then for trading. I use uh public. I think this is the best one for stock, especially if you're like a retail ape um for, like my options, i'll use td, ameritrade uh for crypto, i use blockfolio, which is by ftx and then for futures.

I use tradestation just to give you that a little bit of a rundown of everything that's going on there matt coors for president. I don't know about that. One i mean i know just legally. I can't run.

I think you have to be like 35, but i also just that has to be like a super, thankless job. I mean whenever you do it like half the country, just hates you, and i don't know if my like psychology can handle that one. Do you think in ever increasing threat of war in the ukraine is going to crash this uh the sensitive and volatile stock market uh it very well could um in the short term, like people don't like unknowns, but also, if you look historically of what war has Done in like the medium term for the stock market and the economy wars, actually they do represent like manufacturing demand uh. It ends up putting quite a few more people to work um.

I guess it's uh some! You could consider it a bit of like an immoral bet at first people. Don't like the unknowns like things go red, but as things start to pan out and companies like report, their growth uh, that's actually how we got out of the great depression. Was world war ii? You asked for money, here's some joking! It's my money! I want to give it to you and take the haters cry pickle me timbers. What's going on man, i appreciate the support.

What else do we have radar savings? Uh? Folks, it's friday, we made it to friday. It's a party friday, hey on fridays. We haven't done it a bit, but sometimes on fridays. We listen to some music in the background.

So if you guys want some music, especially after the opening insanity gets going, let me know you still on amc yeah i mean we already went over the ortex numbers. Uh we went over that, don't forget. Jackass just came out uh. The next big update, like fundamental update for amc, is going to be its earnings announcement, which will is expected to come out in early march, and we have these up here.

But today, amc and jimmy are going to have a hard time going up. If the overall market's going down, if the overall market's going up that's going to relieve some of the headwinds and actually potentially like provide some tailwinds, but you could think of that, as the same as like all these quote-unquote higher risk higher reward bets, amc, gme other. What mainstream media would refer to as meme stocks, uh crypto they're, all kind of put into that same basket of higher risk bets and money flows out of higher risk bets first, if the economy, as in the stock market, really, i shouldn't, say the economy uh. If the overall stock market's going down the first risk off asset class is higher risk bets all right, what else do we have going on? We have exactly one minute till that bell goes dingy, ding, ding ding.

So is there any final questions, and i really don't mean it that way, of course, i'll happily answer any of your questions. Um, especially when we're just waiting for that the market to kind of calm down. Will facebook follow snap uh, so snapchat is considerably smaller than facebook um they were actually like and they had very different reports. Snapchat beat across the board and facebook borderline missed across the board, so yeah they're both social media plays, but i think we're in a different scenario, and i really think what's gon na happen today is you're gon na see how people first react to this jobs.

Report scenario, and then from there i think we're gon na see if the success of amazon and a little bit snapchat drive the queues higher, which could drive the spy higher and with the spy being driven higher. We can actually see potentially a lot of equities going higher ding ding ding ding. The casino is open, all right, we're actually seeing some excitement across the board. Let me get this up over here.

Man we're seeing some pushing. Let me throw up amc all right jimmy. I would love for gme to get above 100. we're seeing the spy go green, all right all right, our radar right, let's see if we can get this overall bounce back, let's see if we can get an overall bounce back.

Let's see more, that green, the tech sector, actually, what we should have up is amazon, amazon, still up 10 and i actually kind of want to have up. Are they not going to hold this little push? Like the last 10 15 minutes, we definitely saw some green uh amazon. We want this to definitely go the other way how about snapchat early this morning, snapchat coming down a little bit but still uh like relative to where it closed. Yesterday, it's currently up 41 percent, but let's see how this is really gon na get going.

Oh amazon! Don't do that to us! Don't scare us like that amazon all right! Let me change this up a little bit just so i can see what's going on with all of you uh. We think snap is a long term play. Ah, so when i when people ask me like snap for long term, i don't think so because now i'm just thinking about like social media long term, and i i think that's actually a really like hard industry to kind of bet because, like it seems like with Social media there's quite a few ebbs and flows - do i think, there's an opportunity for snap to still go higher yeah, especially like when relative to other social media plays it's actually doing better in like the short to medium term. So i kind of like it for that, but i i'm a little bit hesitant about social media for long term and like it does seem someone uh sackalicious, bringing up tick-tock.

Everyone is like in terms of like user growth and everything it seems like people are all just trying to chase tick-tock right now i mean you see it uh. What's it instagram has reels like youtube's doing they're like they're short. It seems like everyone's trying to compete and like race for position number two relative to tick-tock. It seems like there's a big cultural.

I don't know support right now of these like little short clips, which is kind of funny coming from a guy who does a two hour show a half hour, show a half hour show and like other half hour long interviews, but it does seem like right now. What the population wants? Are these like little like um? I don't know not even minute long segments, there's a big big push for that i mean. If you look at it right now i mean um. It was announced from people internal to instagram.

That mark zuckerberg said like focus on reels. You see a huge thing like coming from the youtube community. Uh youtube's algorithm is definitely benefiting the people who are actively producing shorts, like they are trying to be more competitive in that world uh. So in terms of like what the companies are looking for and like what their algorithms are, supporting, uh actually very, very interesting to see how there's a big influence now in particularly in the world of those like little short vods uh.

Speaking of other social media things. Um it i just saw that twitter is to a small select, like i guess, not really beta group, but a small group of people they're actually rolling out the concept of like down vote buttons. So it seems like they're in a weird way, stealing like a play out of the playbook for like reddit there, a small amount of people on twitter are, like i said, looking now at the world of downvote buttons, more consumption in less time, joe rogan and jordan. Peterson shorts have been killing it, i mean a lot of shorts are killing it, but it is not well it's kind of like one of those things that whatever joe rogan seems to does kills it.

He can kill it in like 30 second clips and he can also kill it in three hour podcasts. So across the board he does pretty well all right, so amazon trying to get a little bit of a bounce, but the spies selling off is there gon na. Be a reversion anytime soon. Are we gon na get that reversion play big? Ten big tech went wrong with censorship.

I 100 agree. That's why i'm happy that i have the fail-safe of being on rumble um. There was those weird misconceptions like what matt is exclusively going on rumble: no, no, no, i'm never exclusively doing anything. It's just my like.

Okay, whenever you get any revenue - and i think maybe it's a terminology issue - if you make any ad revenue or any revenue whatsoever on youtube, you're a youtube partner, if you make any money or revenue on twitch you're, a twitch partner or affiliate like they all have Their own terminology, and then, when i signed up on rumble it was same thing. I became a rumble partner and i think that terminology confused a lot of people they're like wait. What like like, it was just like weird misconceptions, and i guess like that, was an oversight on my part of like me, just being in this world now for two years. It's just like you hear that terminology, and you kind of generically know what it means across the board, but yeah on rumble after getting terminated twice on youtube and like thankfully, because of all of you making a massive uproar, i was able to get my channel reviewed And then they gave it back to me, but when that happened rumble they're like hey, why don't you just become also a partner on our platform and we're just gon na guarantee that we don't terminate you, and i was like that - sounds like an amazing deal um.

So i think, maybe the like terminology kind of confused some people like where i'm at with rumble, but i also i mean we had the interview with the ceo chris pavlovsky. If you missed that interview yesterday, i highly recommend checking it out um, but he's this canadian guy who's, just like no, i'm just tired of people getting censored. Uh big tech should not be the arbiter of truth. Big tech should be providing a platform where people can share their opinions.

That's the job. The job isn't like putting their ideological stance upon people, so that is something that really resonates with me because think about it. Even in terms of what's going on with us, the apes of finding this, like of wall street, we're sharing our opinions of some of the downfalls potentially in market structure right now, and of course you don't want the guys who have like the big money to like Fight against them be like nope, that's not true at all, and all of a sudden, the only one who gets promotion and backing are people who are supporting of the people with like the deep money, pockets um, it's all a game of, especially in the us. You have freedom of speech, you have to be able to share opinions, that's how society progresses.

You put your opinions out there, you dare to think and then okay, if the red, if the opinion resonates with you great, if it doesn't, okay, don't pay attention to it. Um, just because you support people being able to share opinions doesn't mean that you're, supportive of their opinion, blanketly uh. There are, i mean this happened a while ago, uh super stokes, youtube page got taken down it's and i tweeted this out. It's no no secret whatsoever that super sunk and i don't really get along.

I think it's like a very uh toxic, like tribalistic community, but also that doesn't mean that i'm not going to stand up for them. I used my platform to support those guys because it's not right for them to be silenced. It's just it's one of those things that, like i will stand up for groups and communities that i don't agree with, because they still should have the right to share their opinion. It's it's that simple look at the oil sector.

I mean oil is going sky high. If we could look at oil itself, uh right here, um look at 92. Oil is at a seven year, high oil's just been ripping ripping ripping 92 for the longest time. I'm like, i feel, very confident it's going over 100 at some point this year.

Honestly, i would be all right with saying like calling out numbers around 120 125 um. I i think oil keeps going higher this year, i'm very bullish on energy for the remainder of this year, if you're a person who can't necessarily like actively pay attention to charts like every 15 minutes every minute and see what's going on and you're like dude, i Just need something that, like hey, i like listen to you, i like the breakdown i just because of my job, my life. My time like, i can't just watch it over and over if you're, looking for something that you just want to buy it, and maybe you check on it once a week, something like that, but you're looking for a longer term thing, maybe to hold it for a Year, i'm telling you check out energy check out financials, especially check out financials now, because financials will most likely get a benefit from the fact that we are looking at more rate hikes once again off of the numbers of really what we're seeing from the economy. Recovering better, i haven't looked at financials yet this morning, but i bet they're doing pretty good uh citigroup how's this one down point two percent with the market being roughly like that, but city might be bouncing back around.

Let's check out wells, fargo wells fargo in the green by one percent, uh jp, morgan, uh, that's up! That's in the green overall, i'm telling financials. If you hear more and more interest rate hikes, these big classic banks will benefit off. Of that like it's. That's like my direct reasoning for it all right.

Let's see how this is all going, the queue is coming back around all right. Let me update all right. I'm just gon na make a quick position here. Let's see if we can actually get this swing around uh amc coming up to some major support at 1450 we see the spy popping.

We see the qs trying to swing back around right here would love for the q's to get back up to like 360. Today, that would actually be a big reach, but let's see if he can do it. Um jimmy bouncing off of 95 some intraday support from yesterday. Let's see how that really plays out how's amazon doing amazon is turning back around that's very good how's snapchat doing uh.

These are a little bit more of the volatile kind of quote. Unquote: exciting plays uh. What else do we have house four doing ford actually selling off a bit more, all right, spy cues? Getting that push? What else do we have going on? Can you explain how options decay as they get closer to expiration and how you can explain what ib crush is thanks, matt? I appreciate you. These are both fantastic questions, so let me do.

Let me do the second part. First explain what iv crushes iv crush is uh implied volatility crush, so it's basically just a natural cycle of the volatility of an etf or an equity. Typically, it goes high and when it gets very high, it can't sustain higher and higher volatility. So iv crush.

Is the like the volatility of that stock coming down i.e, getting crushed um, and typically you see that in that plays out in the stocks i guess chart by big bars, like big volatile bars, followed by a little bit more consolidation. Another way for me like that i've described it before is you see, periods of expansion as in okay, higher volatility, and then consolidation iv getting crushed so volatility increasing and the stock either moving a lot to the upside, a lot to the downside and then a period Of consolidation and that's the iv coming back down um, that's the natural ebb and flow cycle of markets across various time frames. Um excuse me and then options decay. Yes, so when you come to options, you have a thing referred to as intrinsic and extrinsic value.

If you are in the money, the difference between your strike price and the current like value of the stock or equity, that's your intrinsic value. If you're out of the money, you have no intrinsic value, but you also intrinsic value and extrinsic value. Add up to the overall value of that options contract, so you have extrinsic value, which is like volatility. If volatility is high and increasing increasing, that gives you more extrinsic value, as in your options worth more and more, and another thing you have is time until expiration, the more time you have until expiration the more valuable your options contract is and think about it.

This way, if you have more time that means that you have more time for some wild move to happen, particularly in your favor, but with the less time valuable or available, as in you're closer and closer to expiration. That means you have less time for some crazy move to happen that could potentially favor you. So that means with every single day that passes you have less and less extrinsic value, because you have less and less time with less and less time. That means you have less and less potential opportunity for it to move in whatever direction you want it to move in um.

So that's what theta decay is theta decay. Is this fact that whenever you go long on a call long on a put, you are fighting against time because you need every single bar that passes every minute bar every five minute bar that's less time for a favorable move for you, it means that the odds Are becoming less favorable for that particular contract. So, with every day that passes, you have less extrinsic value in terms of theta theta decay um. So whenever you're trading options, don't just focus on the price of the equity, so, for example, the spy is currently trading.

Let's call it 448 448 right now in a in on option, especially a call option is worth more than 448 in an hour because 448 right now. Well, you still have more time. Well, if an hour passes, that means you have like now an hour less for something favorable to happen. For you great question, though, sndl sells monday to get over dolla, hey matt, what's your opinion on lkco, they seem to have great technology, but just can't get that momentum.

Well. If they can't get that momentum, they might not have the best technology uh. It's a penny stock. That's just getting kind of crushed um.

It looks like it pumps dumps pump stumps. I don't like the look of this. It's a penny stock that just does not ever really garner much continuous momentum. For me, it's a non-play.

It's a very, very ugly, looking chart. Folks, i am a lazy trader. I want nice, easy setups, um i'll, be the first one to tell you. I am not an expert trader, which means i need layup trades, i'm not here trying to like pull some like fancy trade out of my ass.

I like little just bounces off of support nice little reversion play don't make it trading is hard enough to begin with, like you, don't have to make it like more difficult. All right amc swinging back around, please. Let me know if gme goes green, please let me know if gme gets above 100, we can then throw that up on the screen, but amc showing a nice little rally right there. What are my thoughts on fun wear? I would honestly, rather just play dwack straight up.

If i wanted to take that play all right, i need the nasdaq to keep pushing uh. I took uh. I and i announced this on the locals page uh hang on. Let me put, i just need to do a quick analysis for myself very quickly, all right, a radar radar rate 356.85 would love a push to 360..

Would love a push to 360.? Okay just need to lock those in 356.85 right there right there right there right. There amc swinging back around amz, a amazon amzn up 11, still crushing it uh. Just so you know, bbig is at 304. That seems to be an important level for bbig uh d-wack trading at 83.

It's hard to not see dwack to going to 90ish uh. Quite a bit of seems like short-term enthusiasm, tesla looking naughty, not sure what that means, but you've peaked. My curiosity, uh tesla in a wedge right here, uh kind of an interesting wedge. I mean i guess you could draw this.

However, you want but uh when we were talking about like so it's sold off now it's in this obvious wedge. The question is just which way: is it gon na break upside down side, look for the breakout of 925 or look for the breakdown of 885? Basically, all right, we see gme now making its little run back kind of following what amc is attempting to do right. Let's go, i need for me to pay for my sangria bill for this weekend. I very much need the cues to just keep going.

Everyone just rub your lucky rabbit foot and let's get the cues ripping higher and higher and higher. Can i look at any. Some people are asking about any um. Any is up 12 sphere 3d.

This is one that we were actively talking about a bit ago and then obviously got hit really hard looks like it based at a dollar eighty, if you were to enter right now, that's your risk. Are you comfortable risking a dollar eighty? Maybe you wan na risk. Two dollars uh, i would say the first resistance - is three bucks and we're trading at 262.. A little bit of a gap up here so be careful about that gap, but also there is a gap, fill all the way up to 656.

On a y sphere. 3D. Look for the break of three if you're bullish on it, the old lucky rabbit foot. What's going on what's up going on travis, you know travis you're, always in here with the good vibes, like many other people shout out to like the hardcore riders coming in here day over day, good vibing it up.

I appreciate it. You know it's weird and i think this is a human thing, but i seriously want to take this fancy duck shirt friday to instead of like, i guess, just doing my classic. Like thanks for the support. I really, i think it's good.

I think sometimes it's like a healthy thing to do is to show your gratitudes um. I think any human whenever you get into like certain communities, especially with a filing, especially on the internet, um really on the internet. It's easy to find these like pockets of hate and uh whenever you find these like toxic boxes of hate, i.e, reddit and twitter, it's really easy to get fixated on that, and it's easy to forget that you also have these macket massive pockets of support and enthusiasm And just like really people who like are, i guess, vibing with you and happy to be a part of that community. So to all of you, like, i literally recognize hundreds of names that are in here multiple times a week and not just that which is awesome.

But they're always here just like excited like they're they're they're, here they're spreading some good vibes, they're picking people up they're like giving out, like, i guess, good opinions or having fruitful conversations and to all of you like seriously. Thank you um when i started this like way back when even like a year before streaming, i always just thought how cool would it be to have a community of people who are just here to mess around here for a good laugh? Maybe we're making some money off the markets, we're learning about the markets, but just like a group of like-minded people and the fact that we've now created that, like i, i guess like, i don't want to ever - lose the fact that, like to not be grateful for It because that was always what i wanted to set out to do and like sometimes the fact that i come in here in a pissy mood, and i end up fighting with these like trolls and keyboard warriors. That's not cool like why not just focus on the cool part of it. Let those other sad people continue to be sad and, let's just sit here like i don't know, i think it's good, especially when you have like the emotional aspects of markets and money going up and money going down.

I think it's kind of um easy to lose sight of like what what i would consider truly matters. So really honestly. Thank you. Thank you.

Thank you. Thank you to the people who are here always just kick an ass and take your name shout out. Um someone just screamed. Amc is tanking, it's green.

How is amc tanking like i i just i see green. It's not tanking. I feel like that's a little bit of fear-mongering all right. The cues are going the exact opposite way of where i need them to go.

I mean they need to go up. I'm gon na have to have a non-sangria weekend, and that doesn't sound good at all. Is anyone else wearing their fancy friday duck shirts? If this was a live audience, it would be so wacky like what, if that would if we did that every single day it was just a like some big studio audience, just thousands of you. It's a good place hanging out shout out.

Dallas jackman shout out dallas no joke going to texas roadhouse tonight, matt coor's chair. I love that. I absolutely love that um punch monster shirts. What's this shirt, matt needs a laugh track.

Uh i actually do have one. We could do a laugh track. Hang on. I think this works.

Can you guys hear this uh? I did download some stuff that allows me to do it uh. Oh, we have nasdaq going the opposite way where i need it to go. Wait how's. I have too much fun doing this too much fun all right, please bowls just just rip this just cues 360 and then we can enjoy our friday.

We can enjoy our weekend, we can enjoy it all. Please do that. Every time i say a joke, i have some other sound effects too wait. What's this one nope, that's not on my head.

Oh, that's a cool one, the rewind uh whenever i crush a trade you're, definitely going to be hearing that so you probably won't be hearing. It often might be crushing this cues trade. Just so everyone knows what happened on. The qs is right here.

Um and i post this on macquaries.locals.com um qqq position going long on one nasdaq, nqh22 futures contract i'll, let you know how it plays out, but i am basically playing the fact of amazon doing very, very well and i'm hoping that the job report doesn't really mess Things up i'll, let you know how this concludes but um. If you want to stay up to date on anything, we're doing right there, and also we have other people, posting great dd posting their trades. That's actually how i kind of view that is especially for people who maybe don't have every like second available to watch a live stream. Hey, if you want a forum of just like people sharing their trades, their ideas, their dd um, that's the place for you to be and like the way it's set up.

It's like a little bit more of like a thread-based thing, so you don't have to necessarily catch everything in real time. You can come back when you have like the time available to you um. Where is everyone from? Oh, we haven't done that in a minute. Uh, could you all post just like uh, either the city or just like the country you're from i'm, like we actually have a surprisingly large international audience yeah.

So, like your state, your city or your country, if you feel like people just don't know it coffee or tea, i've definitely been in a coffee. Well, particularly an espresso one. We got michigan new york, rhode, island, atlanta, buffalo, berlin, michigan, russia, dallas, brazil, tampa jamaica, kansas city, little rock wisco, michigan, wichita, california, college station, norway, dallas montana, were you in yellowstone. I just started watching yellowstone, so everyone knows south florida, california, kingston cali, all over the place.

Look how many moon gangers there are in this world. Pennsylvania las vegas, your basement, all right things are coming back around. Maybe i won't get completely wasted on this q's trade. The spy coming back around all right, let's see how this is really going to play itself out.

Let's see how this will actually play itself out. We just got ta get that bullish push above this region that i just mapped amazon. If amazon pushes 3100, that could bode very, very well come on come on, come on, show me the money. Uh.

Are you doing anything special for your totally real girlfriend for valentine's day? Can we give you ideas yeah? I would love to hear your ideas.