Good morning, good morning, good morning, i hope everyone's having an absolutely fantastic day. It is wednesday february 16th and that bell is about to go ding any ding ding ding in about 30 minutes. But before that happens, we have quite a few things to go over. Just to get everyone prepped get your mindset a little bit in tune with what in the world's going on in the markets.

Today we have to talk about, obviously, the tensions between russia and ukraine. We have to talk about the fomc meeting minutes the fed minutes. They come out today, we'll be getting into that. We have some updates of individual earnings, so much going on.

We will be going over the short interest numbers. We have some utilization updates uh. We actually have some doj justice department, type of updates with short sellers. A lot a lot to touch on to discuss before that bell officially goes dingy.

Ding ding ding seems like it's going to be an interesting day and overall tldr version of what we're about to get into is continue to expect high volatility. High high volatility. I don't think it's going to be really calming down anytime soon. This for today, particularly, i think we're going to see a noteworthy increase in volatility at 2 p.m, eastern, so, whatever you're doing today, if you're, definitely if you're in some active trades, make sure you're paying attention to that and we're gon na be getting into.

Why i'm calling out 2 p.m, specifically in just a second, but before we get into all that, prep! Don't forget that if you're interested in crypto check out, what's pinned to the top of chat, uh check out ftx block folio, that's their phone app! I'm a big fan of it. I've been on it since the start of this year. They also have a pro training application, but that is pinned to the top chat. Of course, it is free to sign up so, if you're interested in at all in the world of crypto check that app out and don't forget, we have a daily crypto stream at 2 p.m.

Eastern and obviously today, because i'm expecting market volatility at 2 p.m, we'll obviously be covering that in real time. So with all that being said, let's hop right over here, so currently uh kind of interesting. We had a early morning gap up in all the major indices, but thus far it's been kind of bleeding down a little bit and really it's because of some developments that are coming out with the whole russia situation, which we will be getting into right now. The dow features the s p, 500 futures and the nasdaq features are all down either 0.3 or 0.4 percent oil is up because of renewed increase in intentions and then us right now, even though yields are down they're still sky high over two percent, a mere two Weeks ago, four weeks ago we were hanging out at 1.7 and now yields are up, yields going up, means, bonds, going down and right there you're to see kind of between yields, and i guess the nasdaq.

You could actually say that there's somewhat of um, i'm trying to think of the best way to say it. It's not the best correlation, because you're multiple steps out, but overall yields up bonds down and all this stuff is very much going to be related to the fed fun rate, all right so recently, if you take a look at the daily chart, it's yes, it sold Off january 5th we'll be talking about that, and then we got a bounce and the fed came in and the whole russia situation so now we're kind of in no man's land. The first thing i want to point out to you is like okay yeah. We had some bearishness, but then we got kind of that tuesday turnaround type of a bounce, but we still have this gap and i posted this earlier, but one of my training plans not only for today but until this happens, i personally feel like it will occur Over the next week is a gap fell to two days ago, high february 14th, the valentine's day high, which is 441.60.

I am looking for that play i like that. Play um. I just know the odds behind gap. Those are pretty high, so i'm looking for the s p, 500 to at least come down and fill this gap once again at 441.60.

But even though we had these three days of red yesterday, we had a gap up and we continued to go. Green dow jumps 400 points and snaps three-day losing streak, nasdaq pops 2.5 and a lot of this related to at least yesterday. This is a very fluid situation, but there were easing tensions between ukraine, russia, president joe biden. He spoke yesterday right before the market closed, and there were all these talks of okay they're trying to solve it diplomatically.

Even early this morning they were trying to say, let's just get this all solved with negotiations like no need for bloodshed, and there were even reports that are: okay, we're gon na start, taking our troops away from the border to help ease tensions. So obviously that made everyone it calmed, people down, which is obviously a positive thing, but as of this morning, nato chief says russia appears to be increasing troops at the ukraine border day after kremlin claims the opposite, so one thing is being claimed, but we have the Satellite imagery, that's actually suggesting the opposite, so this is a very, very confusing situation and it's like i don't know it's. I could see this honestly breaking either way we're getting uh some nice reassuring words, but then some of the actions and pictures and other data points we are getting are to the complete contrary. So me, i'm not some like geopolitical.

Like war expert, i'm just saying this is kind of weird that we're getting differing information, the exact opposite information. So this is one of the reasons why i think we could have absurdly high volatility, not only today but in the short term, for the next couple trading days at the bare minimum. The other thing that we have going on is right here. The fed minutes likely to provide details on rate hikes balance sheet reduction that comes out at 2 pm eastern today, so from the late january, fomc meeting we're going to be getting the fed minutes.

The fed notes on that 2 p.m. Why? This is a big deal is right here, so the most recent i guess round of this, we had a meeting on december 15th. That was the result of it this wednesday. Well, we got the minutes for it on january 5th, in the minutes they talked about balance sheet normalization balance sheet, runoff, whatever you want to call it, and that was something in the notes that was not public like when they were doing that discussion at 2 p.m And then they did the presser at 2 30..

So when people are saying that they're, like whoa, that's actually pretty hawkish and remember, hawkish is not good for stocks, so this time around once again they met uh. They ended it on december. I believe this. It was either january 20.

I think it was the 26th this wednesday, whatever the wednesday was so this is equivalent to december 15th, but now today is equivalent to the fifth. Where we're like. Okay, what's going to be in these meeting minutes, it could be dovish. It could be hawkish if it's dovish, as in okay, let's see what we're doing.

Maybe the economy is not the best look for things to continue higher. If it's hawkish, as in inflation's bad, we got to fight it. The economy's strong enough we're going to really be serious about fighting this inflationary situation, which we just know from the producer price index yesterday and then the consumer price index on thursday inflation is sky high. So if they decide to go that route - and we see that in the meeting minutes - hawkish not good for the entire stock market - that's a side effect of them battling inflation and this time around.

We also know on monday that they had an emergency fed meeting. There isn't, as to the best of my knowledge, no information quite yet about when we're going to be getting any of the results from that meeting, they might choose to release it today. We know that the chairman powell, the chairman of the fed he met with mitch mcconnell yesterday so they're talking with politicians, so we're getting a little bit of a development so overall between the fed, some updates there and the whole tensions between russia, ukraine, ush and then That's going to really pour over to many many other companies or countries. Excuse me lots going on lots going on from the global scale point from the macroeconomic scale point and that from that standpoint, that's exactly what i'm telling you do expect high volatility.

I am in no no part of my being thinks this is going to be like some boring non-volatile day, and i would actually say that for the remainder of this week and potentially spilling over to next week, but a lot of things playing out very fluid situation. In real time also just so you know this got announced this morning. Retail sales searched 3.8 in january, much more than expected amid inflation rise. So that's actually some positive news, uh, so uh retail, showing up spending their money so a little bit kind of showing the strength of the economy, so some good good stuff there uh other people.

If you want to really dive into it, they could be like well. It's up just because inflation's, high and products are costing more especially essential products so, depending on, if you want to be glass, half full half empty. There are a couple ways to dive into this particular metric, but um expect an amid inflation rise so like is it because of inflation, or are people actually feeling comfortable about the economy and they're actually buying more depends on how you want to look into it? Well, the other thing i want to bring up is we're once you get over the halfway point of february from a seasonal perspective, we have a big bullish, push and then there's a bearish push and this peak to me. If i were to eye it up, it's a little bit over the halfway standpoint, so i don't know if we're there quite yet, but as we get into next week.

Just so, you know we're going from bullish on a seasonal like perspective, and it doesn't have to play out. This is just i want to let you know about potential headwinds potential tailwinds at first we had some nice tailwinds, but then, by the time we get to the second half of feb into the end of feb, we're actually going to be running into some headwinds. So i just wanted to call that out to everyone now specific for today, five things to know before the stock market opens today wednesday february 16th stocks, futures dip after wall street breaks three day losing streak. We already got into that economic calendar, strong retail sales.

We already got that fed meeting minutes that comes out at 2pm pay attention to anything about balance sheet. Runoff balance sheet normalization, whatever you want to call it biden, says russian invasion of ukraine's still distinctly possible. We know that we're getting the verbiage that they're pulling troops out, but there's other data points saying the exact opposite. Modener ceo sees 80 chance of covid evolving, less virulent uh, so less impactful, less damaging.

So we'll see how that plays out. I actually do have an interesting update. Is it right here, no um? Let me just find this other one. We are seeing um various companies are choosing to have their employees come back to the office, we're seeing various states no longer having the mass mandate in schools.

So some positive trends that we're seeing in the world of rona viacom cbs changes its corporate name to paramount global, so an update there and we're also seeing that viacom from its earnings is actually down in pre-market trading. Speaking of earning shares of metaverse company roblox plumbing. After missing fourth quarter expectations, roadblock shares missed expectations on both the top and bottom lines. However, there were more than 49 million people playing the game each day.

Up 33 from last year, revenue bookings, 770 million off uh versus 772, so off by 2 million there loss per share was wider than expected, as in bueno uh, 25 cents versus a loss of 13 cents, so they lost their earnings per share was a miss. The revenue was a miss um; they do have quite a bit of growth, but if you're gon na look at it in pre-market roblox is actually getting hit. Uh pretty noteworthy right now, currently down 21. One of the things i found concerning in their earnings report was the amount of quote unquote engaged hours, how many people the average player, what's their average playing time, was lower than expected, uh and they're also having some monetization issues in the short term.

This is not a good situation, it's down 21, but if this continues downward i mean the lower. It goes. I think it's a stronger long-term hold in the short term, not a good situation, but i am a long-term bull on roblox. So once again the lower it goes um i would be more enticed to actually add some to my long-term portfolio.

I'm bullish on esports, i'm bullish on metaverse, so once again uh the lower. It goes stronger, long-term play, in my opinion, in terms of other earnings, so roblox reported after the market closed yesterday. Airbnb also reported and they killed it. They beat on revenue, they beat on earnings per share and they also improved their like future.

Looking guidance, so airbnb, looking really good uh, i believe shopify is actually down. We know viacom is down uh after the market closes. Today we have nvidia. Tomorrow we have palantir walmart roku friday.

We have draftkings, so some other interesting plays going on for sure there was one more shopify they beat uh, just so you know, but they lowered their future revenue growth, so um they beat fine in the previous quarter. But looking ahead, they not the best um rhetoric surrounding that uh. So if you want to screenshot this, to know, what's happening for the remainder of the week, definitely feel free or check it out on twitter at e whispers earnings whispers. A big big fan of this account uh, just so you know, dwack is also up in pre-market.

We have a little bit of a development there, donald trump's truth social revealed looks almost identical to twitter. I believe his son tweeted out hit the his dad's first message from truth: social get ready your favorite president will see you soon, so he posted that. But then obviously his son, donald trump jr uh time for some truth breaking uh. This was donald, trump's, first post on truth, social.

So a little bit of a dwack update there in terms of amc box office, milestone spider-man swings past avatar domestically. The superhero pick now ranks as number three film of all time at the domestic box office. So spider-man doing very very well so this is to me just obviously representing the strength of the movie going theatrical experience. A lot of people are arguing that it's dead and who would want to do it, but in reality, as we're getting out of this rona period of our lives, uh we're actually seeing a pretty strong bounce back, uh, coachella and stage coast.

Festivals drop all coveted related restrictions, so this is what i was talking about a little bit before uh we're just seeing a new trend of like it seems like we're getting out of the ronin world, so very, very positive, and just so you know um. If you plan on going to uh, particularly coachella, there are some like, i guess - crypto particularly nft type of developments and they're actually partnering up with ftx. So if you're going to concella at all or if you want to get involved in coachella based nfts and i'll, be getting into more details that in the crypto stream, but just so you know check out ftx. There is a partnership going on there and just to give you a little bit of an insight of what i'll be talking about this afternoon, i have um an interesting thing.

I want to go over, but right here this is news. Breaking this morning, justice department is pursuing wide-ranging investigation of short sellers sources, say muddy waters, carson block served with a search warrant in the probe of a legal trading tactics, and this is particularly related to kind of, like short, bashing uh, but i will be getting more Into that in the afternoon stream, it's gon na be some interesting stuff uh for sure, but we'll be getting into that, and this is not exactly the same thing that the ape community has really been trying to bring to light. But it's it's adjacent and it's very, very um. It's intertwined it's just more of this concept of shorts, doing things that they should not be doing so.

We will definitely be covering that in more detail this afternoon. Now i do want to get into some chart stuff and i'll also give you some short interest numbers. Let me just clean up my computer for a second all right, so amc short interest: 21.1 percent utilization 100. Just a quick reminder: utilization updates once per day early in the morning around 7 7 30 et.

This does not update throughout the day. The things that update throughout the day are right here, live updates, so this is a once a day update just so. Everyone knows. Amc coming in at 21.1 percent short interest, gme slightly higher 21.55, once again, utilization 100 in terms of the s p, 500 uh we're actually seeing an increase.

It's a hair below 17, the nasdaq 100 13.4 percent and then the russell still has a sky-high short interest at 40.2 percent. So that's your amc, gme, but then also your spy, your qs and your russell update uh in pre-market right now, roblox getting crushed because of their earnings. Shopify is also going to be down currently down by 10. They beat on their earnings, but they lowered their future guidance and then the one that's doing well is airbnb a b and b currently up 1.5.

It was actually up higher in pre-market um, but doing very well. They beat on their revenue, they beat on their earnings per share and they have very solid future looking guidance. This is kind of relating to the modern update kind of relating to the coachella update. To me, this is showing that people are getting back to the new normal um they're, choosing to travel they're, choosing to like i guess, get out of wherever their personal bubble was so to me, this is a pretty positive sign.

I do like that overall and i posted this early this morning. Right here don't forget, you could go to macquaries.locals.com to get like my trade ideas, my dd and other people's dd trade ideas that type of a thing, but i'm really really liking this so far so um i early this morning, i shouted out to everyone. 2 pm expect volatility, we're getting the fed minutes and then also my spy trade idea. I'm interested in playing the downside gap bill to 440 160 uh.

I'm of the opinion that this will happen within the next week. Honestly, potentially could be even happening today, but i just don't want to give something like this out and everyone's like, oh we're, playing daily, puts, i never think playing that short term of um. I guess a put situation is good. It could pay out.

It's just the odds, i i don't know i need to see market open, but overall, 440. 160. I'm very very interested in that as a play that gap-fill play um. So i just wanted to call that out and if we go back below this teal line.

This is the 200 moving average, so if that does occur below it, i'm bearish above it, i'm bullish. It's honestly that simple for the overall market and depending on like the hair, trigger situation that we have russia and ukraine and then also the volatility. That's going to be produced by the fed at 2 pm. This is going to be a wild day.

I'm just um, i'm trying to stay a little bit more cash heavy. So when i see a nice big trend, i want to really attack it uh with more of a full force in terms of the cues uh. You could do a similar thing. If you don't want to play the spy, you could play the cues and look for a gap fill to 350 so similar to the spy play just a little bit different.

If you want to do it in the tech sector, so it looks like you have. If you were to execute it now, you would have three dollars of opportunity, and if you wanted to, you could just risk yesterday's high, so it would be a one-to-one risk to reward setup in terms of the russell, the small cap sector. The small cap sector has actually, as of recently been performing better. It's been outperforming the spy.

It's been outperforming the queues so more strength here, there's not a gap to be filled would love to see the breakout of 206.50 and, if not, if there's a rejection. Looking for that support at basically 200. in terms of amc been repping quite a bit of strength. Lately i like this higher low.

We went from 1340 all the way up to 1470.. I, like the higher low, that's showing me aggression in the buying and we've really been knocking on this door at first, i was calling out the low 18s 1825 and my next resistance is at 20, 30. 20. 40.

The low 20s we've noticed over the past four or five days. It struggles a little bit at 19, so i wanted to hold above 19 yesterday. It closed at 1948 so thus far looking pretty good, but i want to see not only the price action push but also an increase in volume. As we come up to test that low 20 area - and hopefully we can get that breakout and then from there and be watching closer to halfway in this region, let's just call it 24., not the same price level, but a similar chart setup in gme we're seeing A higher low we're seeing it knocking on the door of this resistance at 130 and then from there i'd be watching just over 140.

Similar chart setup once again, obviously not the same prices, but we're seeing some buyers finally step in because we know that we've had a sell-off from about thanksgiving to roughly the end of january, but now, finally, we have some buyers some bulls. Stepping up the question is: is like okay, how aggressive are they? How much momentum are they truly going to develop? So that's what i will be watching tesla had a very very good day. Yesterday. It's still somewhat range bound in between this area of 950 and 850.

I know that's crazy because that's a hundred dollar range, but nonetheless that's the range we are in if it stays above 900. 905. I would still be interested in this test of 950 technically 948, but if it breaks below 900 905, i watch a little bit of 880, but i would really be watching 860 on tesla right. There bbig the fact that it's above 350.

i'm liking that noteworthy gap up this morning. It is up seven percent bbig, showing some aggression. It's actually looking pretty good. If this can stay above 375-ish and hold there honestly, it could be opening up the door to five.

Like i mean that's the next thing i'm really seeing on this chart, i suppose, if you wanted to, you could have a mid-range target of 430 but bbig definitely repping some strength and there's also some shorts in this place. So you might see some people, particularly on the short side getting burned with bbig, but definitely showing some pre-morning strength. We over went over to dwack dwack. Obviously the former president had his first message: that's prompting some enthusiasm currently up 3.5 in pre-market.

You have apple down a little bit. Uh nvidia will be reporting after the market closes today had a very strong day yesterday. Looking for that, breakout of roughly 268 270 uh palantir reports tomorrow morning recently showing some strength looking for that breakout of the mid-14s uh, and then we have draftkings at the end of the week, dkng um this one's been super beat up lately, but i'm in it. I'm in draftkings, i'm in pen, i'm just it's a long term hold for me.

I'm not actively training it to me. This is an absurd sell-off and uh i mean we know over a billion dollars was bet on the super bowl alone. I i don't think online sports gambling. Betting is gon na go anywhere uh, so i'm just kind of holding this for the long term, but once again they will be reporting on friday.

So that's the quick wrap-up i have for you just to get everyone prepped for uh the bell going ding any ding, ding ding in just over five minutes uh. I really like this idea of what we've been doing lately of the last remaining five minutes of me. Turning it over to you, if you have any pre-market questions, so if you do, let me get the chart set up right here, one minute, one minute, and while i'm doing this uh, please feel free to let your questions fire, especially if it's something that you uh Want to ask before that bell goes ding any ding, ding ding, all right! Let's just get a little set up right here. Oh a quick position update for me, i'm still in that spy bear call spread 458 by 459 that one's doing well.

If you took that trade, you could have already paid for the full year of locals like easily um, so i'm still in that one and i'm still in uv xy calls that expire in early march. I think it's march 4th and then in the futures market, the one that i called out before. I still have that nasdaq, the nasdaq 100. I still sold one of those contracts, so those three plays that we've been talking about, i'm still in those uh.

Someone said adam aaron, tweet uh. Let me find this adam aaron tweet well. Well. Well, would you look at this justice department is pursuing wide-ranging investigation of short sellers.

Federal prosecutors are investigating whether short seller conspired to drive down stock prices wall street journal february 16th. Yeah. Oh, that's awesome. I didn't know he put that out.

There there's also another one: amc continues to be on a roll because of our market leadership and superb reputation with landlords. We just picked up our seventh high traffic u.s movie theater on attractive lease terms. Since last this summer, a former cinemark theater in evanston illinois, just north of chicago um, so the the wall street journal thing that he's talking about. That's what i just already showed you and we're going to be getting into more detail of that later in the afternoon stream.

I have some other pieces of information that i want to present with it uh, but that is pretty interesting that he's calling that out and then also yeah, that was kind of um, the chicago pickup uh from cinemark that that's, hey, they're, just expanding their market share. This, so that's pretty good. They already have the dominant market share, so they're, actually just like putting more distance between them and number two airbnb. Over 80 150 000 hosts now offer electric vehicle charging interesting all right sweet.

We got some updates going on there all right. What do we have? What do we have good morning, travis ben sakalicious good morning, good morning, good morning, feel free. Let your questions, fire, don't be shy, don't be shy. Hey matt are the hedgies starting this war with russia.

Is that their latest tactic against the ape? Maybe they're out here short ladders, pirates mlev, hey uh, looks like you're adorning a pretty pretty interesting, tinfoil hat, and i'm i'm all here with you matt. I have two 50 puts expiring this friday in roblox and 150 put next friday. I want to close two of the three, which ones would you close personally, i would close the shorter term ones. That's how i would do it uh just to kind of lower my time risk my theta decay risk.

That's how i would attack it, but obviously, though, that decision is going to be solely up to you matt, you must go to the embassy of russia, twitter and the russian government's tweet from four hours ago. Taking shots at media and hysteria. Is this like a legitimate verified account? It is wow. This is a verified account.

This is hilarious. Meanwhile, in the ukraine kind of taking a shot at some of the war mongering going on, that's pretty funny russian or embassy of russia, it is a verified, account uh. This is news to me official twitter account of embassy of russia in south africa. That's super interesting uh.

Well, i'm happy to share that i'll i'll dive into it a little bit more to see what's going on there, but man how to become meat titan! That's a great question: lots of lots of sangria your work, hard uh chris. Thank you. Matt. Thanks for your service to the community, your hard work and preparation always shows thoughts on roblox, uh downside.

I think there's gon na be a lot of panic too. In the short term, eventually, i think there's gon na be that interesting gap up fill that like we could play to the top side, but in the short term, this is a reaction to the earnings that were not ideal and i think, there's gon na potentially be More downside in it how come nobody talks about immutable x? Please look uh. We do talk about immuno immutable x, especially after the developments with gamestop. We know immutable x, loop ring really helping out with gamestop making bringing its nft marketplace to life.

We definitely talk about it all right. We are home, oh two minutes to go two minutes to go till ding, ding, ding, ding, ding, uh, yes, apparently ryan cohen, also tweeted. I just saw that it didn't make much sense to me. Uh hang on.

Let me search it ryan cohen, said: god bless america, god bless america, not sure what that means, and then he has a pirate flag. You know i never heard anything about it, but this was something that i think it was somewhat prevalent in both communities of like oh they're, not talking because there's a gag order, and then people had a date and then we're past that date and like we're still Haven't really heard any public um discussion like does anyone have updates on oh gme, uh? Okay, i didn't see the capital, so it's gme, okay, i gotcha. Oh that's funny! I like that um, but anyway, are there any updates on like this whole gag order thing. Are you seeing more people turning into your channel now, since me kevin stopped his live stream, um, no we're kind of hanging out at our normal number people.

I've noticed that are not drinking decaf. I am. I am because i'm on too much cold medicine right now. I in i don't know, i was told you shouldn't be drinking so much caffeine when you're on, like the amount of dayquil and sudafed, i am so my brain's working a little bit slow.

Maybe i shouldn't be trading actively trading today. The kevin crowd is here. I mean i could ask how many of you are watching right now because of like your transplant from me: kevin ding, ding, the casino is open. All right, we are getting this morning pop, so expect volatility uh at any point.

In the day there could be some craziness, obviously related to whatever is or isn't going on with russia and ukraine, but also from the monetary policy world. At 2 pm we are getting an update. We are getting an update about the fed meeting minutes 2 pm eastern you're, going to see a wild bar either to the upside or to the downside, most likely for a couple minutes. 2 p.m be prepared for volatility.

What are my thoughts on asts? Let me check this out: asts space, mobile uh, medium term, looking pretty bearish, but in the shorter term, showing some strength. I i don't know much about it. Uh, it's not it's a six dollar stock that doesn't even trade, a million shares. It doesn't seem like there's much overall interest in this stock, so i'd probably avoid it 2 pm what time zone east e.t east coast.

Let me go back to gme now that we have ryan cohen tweeting 125.. Just you know gme. My target is, in the short term, is 130. That's the next level of resistance after that about 141 142.

In terms of amc, you want it to hold above 19 and watch that 20. 30. 20. 40 area uh roblox trying to get a little bit of a pump people buying the dip.

Let's see if this actually holds um it's down because it missed on earnings missed on earnings. What is the spy doing today? The spy, the spy, the spy, the old spy tesla. Let me, of course, if there's anything crazy, crazy movement, let me know, let me know, let me know more than happy to bring it up. Let me get some of these charts fixed over here.

Just for the news i want to, if there's ever any breaking news, i like to give it to you as quickly as i possibly can jimi might be pushing that 130 level, roblox getting a nice bounce uh. You have amc slowly but surely making its way up to 20., and i just want to know what shopify is doing, because they reported they're still down shopify, still kind of getting beat up. Okay, the spy actually now testing its 200-day moving average uh. Like i said early in pre-market, if this gets calculated we're trying to get this teal line, this is the 200-day moving average.

That's exactly where we're battling right now. This is an interesting battle above it like, i said, bullish below it. Bearish, let's see if it can hold above 44.50 kind of an interesting line in the sand. Uh aim seeing your top right here, uh one of the there's, not many green things i have going on.

We have. I want to bring up bbig ooh bbig, not holding it's 375.. Let's let me know if bbig gets back above 375.. Dwack is up right now, mainly because of the excitement from the first message posted by the former president um amc, making its way to my first target of 2030 gme about three dollars.

South of my first target at 130.. Upst also had their earnings. How are they looking today? They usually react pretty well to earnings up 24, most upst earnings the next day go end up going pretty green um from the small amount of earnings we've had so that's upst. What's the other one, people are asking about sofi, so fi up three percent.

Looking good, i don't think i had earnings or anything uh bbig. Not let me know if it recaptures that 375 level, that could actually be pretty big news. Um cfvi still looking pretty good. Just to remind everyone, i currently own no cfi, but i definitely want to buy some and i'll.

Let you know if that changes, uh i'll, let you know as soon as that changes. Let's see how the russell this index is looking pretty strong. That should bode well. For amc, awesome awesome awesome jimmy getting rejected a little bit early at 127.

amc still in the green bbig cfei all right. Let's throw dwack back up there just because there is a little bit of a catalyst going on a little bit of a catalyst all right. The spy thus far like we're we're seeing the battle right at the 200-day moving average roughly 444.50. If i were to get you the exact level, i guess it's technically 440, like 52, let's just call it 440 50..

So let me mark this out for everyone. This is the 200-day moving average if we can hold above it, i think that's pretty bullish if we stay below it for in terms of the overall market, i'm not particularly talking about all equities, i'm saying the just the s p 500 index. I would say: that's a little bit more of a bearish move. If we stay below it, it will not.

Just me a lot of the world would also be in agreement with that. I know we're about uh two weeks out, but the one thing i want to talk about and i'll get more into detail. There are many funds out there who do monthly rebalancing. So basically they see all the monthly candles.

There is going to be a weird scenario. Potentially, at the end of february that if we close below the 200-day moving average - and i know we're two weeks away - which is why i'm just like we're not gon na get into too much detail right now, but it's just something. I felt the need to call out to all of you. There's gon na be quite a bit of selling.

There's a lot of long-only funds that as soon as you break above the 200 you're gon na buy and you hold hold hold and when you break below the 200. That's your cell trigger! So that's something that i just want to put on everyone's radar. But once again we're two weeks out, but you do not want the monthly candle to be below the 200-day moving average um on an individual equity, especially one that's commonly held by long-only funds um and the overall market that could trigger other forms of selling of just People that's their basic entry and exit looking at the 200-day moving average and a lot of them will use monthly. Some of them use weekly candles.

But if there's a monthly close like if we get to the end of feb below the 200-day moving average, and then we start off what april january march march, i guess is the next month. Sorry my brain's moving slow today. If we start off march below that um, i think we could start off the month with a wave of selling in terms of the overall like indices. What else do we have going on today? What is your uh opinion options trading compared to what is options trading compared to just trading? So when you're, just trading you're talking about an equity or an etf you're buying it? And you hope it goes up or you're shorting it and you hope it goes down.

Options is a different. It's a derivative, it's a derivative off of equity. So it's like a bet upon a bet. Um, it's just another market.

It's i don't know uh. For example, let me use a different metaphor of in sports betting. You can bet on the money line, but then you could also bet on like an over under. So it's just a different type of bet.

That's still kind of related on in this the to keep the metaphor going: you're still, betting on the game uh, but it's just like a different bet. It's a derivative bet off based off of the equity uh with stocks and etfs you're. Basically, betting on like is it going up or down, but with options you have to take not only into account. Is it going up or down, but you want to take in the speed at which it's going up and down and also like the time that you think it's going to play out.

So not only is its price, but you have to take in that to account the time until expiration and also the current volatility of the underlying asset. So it's a little bit more complicated if i bought shares in after hours last night, if i saw them this morning, will that count as a day trade stupid be pdt? I don't believe so, but you're definitely going to want to fact check me on that. I think the fact that it's two separate calendar days means that it won't be a pdt hit, but the reason i don't know all that off the top of my head is quite a while ago. I learned you don't really like.

I don't trade in pre and post market you're not protected by the nvbo, the national investment in offer, uh, there's less regulations in pre and post market trading uh. When i first started trading, you had to pay extra commissions, and i didn't like that. I just i don't know the last time i executed a trade in pre and post market, especially on the equities market futures market, different scenario, but for the equities market. It's been years since i've traded, pre or post market, but i'm i'm pretty sure the fact that it's two different calendar days means it won't be a hit against your pdt count: uh, hey matt: do you ever exercise options, or do you always sell for premium? If it's in my long-term account i'll exercise, but in my active account i'll i'm just actively trading options like i have an options account that i don't hold equities in, so i'm just in and out of options all right.

The spy looks like it's finding. Some nice support just above 440, but we're also not getting above that 200-day moving average. So this is kind of my interesting watch of the day, uh at least as we're going to get going, but we're only 10 minutes in so we're not really seeing. We know recently, especially there's been quite a bit of whipsaw and volatility, so calm cool collected, let's think about how this could all play out and in fact i actually wanted to do another credit spread play with all of you today.

What's the amc situation haven't been watching since christmas uh so day over day, the fundamental situation is improving and obviously uh at prices like this. It's getting to the point where there's potentially a legitimate argument of it's actually trading, like very, very close to it's quote: unquote: fundamental value, but overall i i don't know uh this. This thesis that people just don't want to go to the movies anymore. I just don't buy that thesis and um outside of the realm of fundamentals.

I am a strong proponent of the fact that having a massive community has to add to the overall value and that's exactly what amc and gme have they have massive communities uh similar to? Let's say the doge community or the sheba community um, there's certain things that have a following: clearly have a following and or ripples a really good example xrp. That is a subset that they have a huge amount of community support. So i think the value of a company is more complex than just the equation of value equals fundamental value. I'm of the opinion that value equals fundamental value plus community and when you have a large community that clearly has to add some sort of measurable value.

I don't know how to measure it, but the fact that amc and jimmy are still at where they're at tells me that community's adding something great question. Great great great question hang on. I just want to see if there's any news this morning: okay, watching the spy at 444. Let me see if there's any news, uh biden to speak to germany's schultz at 2, 30., interesting, so biden speaking at 2 30.

We know the fed minutes come out at two. We got some manufacturing numbers. The top ten wall street bets mentions um nvidia, roadblock shop, jimmy amc, corsairs, uh virgin galactic palantir amd and airbnb uh. According to benzinga top five to watch today, bbig irnt aprn keys, mttr us secretary of state blinken, says we have not seen any pullback of russian forces from ukraine.

Borders says we continue to see critical russian units moving toward the border not away. Well, that's not the best development. All right dwack had a nice push but coming down. Let me know if this actually gets some steam again bbi oops hang on.

I want to keep this up. Uh bb! I g would love to see this test. 375.. Not too many green things going on, cfvi is one of my green ones.

Dwack seem it's always interesting to see these two, both red, both green uh, but both of them green today for sure tesla's, coming down to a major support area, i would say: watch 900 watch 905. Those are areas. I would very much be interested in paying attention to all right. You have the queues just straight up selling off thus far today uh, which is good for my futures position.

I still have that nasdaq bet. I sold one of those contracts, uh the spy. Let me get the next level of support on the spy. I guess you could watch yesterday's low at 443.18, but i really care about this gap filled to the top side.

441.60. So yesterday's low 18, 443 18.. If we don't hold yesterday's low, which is right there that i just marked it out, i'm i'm telling you i feel pretty confident about the gap-fill play. Maybe i'm right, maybe i'm wrong, but i'm definitely looking to see if i can make some money off of that.

Gap-Filled play, but we have a little bit to go about a dollar until we test the low from yesterday and then once we test the low from yesterday. That's exactly what opens up the door for this fill region. I know this is a little bit messy. So let me just see if i can clean it up a little bit just so you can see it but see how there's like a literal gap right here, the high to the low from february 14th to the 15th.

That's a gap. It has not traded between the 14th high and the 15 slow, so there is a statistical advantage to playing gap, fills you're trying to fill this gap so as soon as we break through the low of the 15th. As long as it's not like a fake out breakdown, which we can monitor in real time, once again, we have about a dollar to go. If we go below that, i would be looking for this gap fill, and i would consider that to be more of a layup of a trade, but i'm waiting to see if it actually plays out that way or not waiting, waiting, waiting, amc bouncing off of um.

Actually, above support by like 30 25 cents, so i like that, making its way back to its intraday high, but i care about that 20 30 level, currently trading at 1964., jimi, uh trading just below 126. Looking for that, breakout of 130. um, not too many green things on my chart as of now bbig is coming back looking for that breakout of 375., that's a big daily area to care about, and then d-wack is d-wack fighting back yet not quite yet. Let me know if dwack gets a put like a pop, i mean amc is getting a pop.

Gme is getting a pop any thoughts on aprn blue apron. You have a gap, fill up to 785, but kind of an ugly looking chart. No this to me. This is a nice trend.

I guess you could risk. If you really like it, you could risk a dollar and try to play the gap. Film, that's totally legitimate um, but it seems like a tough trade. I i like my easy trades.

I, like my easy trades. Look at this gme reppin might be pushing that 130 level. Uh bbi dre, trying to fight back, hey matt, i'm opening an options account just for calls and puts is 25 a month normal also looking for an entry into ethereum um dean. I don't know what you mean for 25 a month, an options account i mean i pay nothing.

To have my options account. Do you still expect amc to squeeze? I very much want it to but um there's people who are trying to guarantee it saying it has to squeeze amc, does not have to squeeze. I put my money on the line. Betting like i obviously want it to but um.

I don't want anyone thinking that it has to. I know that there's other people that have been like using that rhetoric that it has to it has to no it doesn't. Nothing is ever guaranteed in the market. This is not necessarily specific to amc or even gme, but when it comes to the market, nothing ever has to happen.

It's just that's not how the market works um, but anyway, uh dean coming back to yours is 25 a month normal. I i don't pay a fee for my brokerage, like my brokerage, is free and like i'll pay, a commission for my options, trades, but not just to have the account for ethereum, i'm in ethereum, and it's a long term hold for me. So i'm not when i have a longer term hold. I care less about my specific entry, because if you go out enough time well at that point, it's like whether you are for ethereum.

If you have like a multi-decade outlook similar to the way i do on eth right now, like you're, either going to be very right or very wrong, it's not going to be like, oh okay, i saved myself like five percent here or there like. If you extrapolate enough outward, it's you're either going to be absurdly right or absurdly wrong. So that's how i kind of view eth, i don't actively trade. It td bank in canada wants 25 a month, i'm not familiar with that.

Like that type of a business setup. I suppose, for me, it's uh way more along the lines of like i guess in the us. I've never paid a fee just to have the account like i'll i've paid commissions per trade before but um. That seems a bit interesting all right, so we have a triple bottom on the spy at 443.80 bbig coming back gme, looking good amc, looking strong market looking weak amc, gme, actually bbig right there d-wack interesting, interesting interesting.

Will i post the mechanical bull riding video of amc squeezes? I mean i'll post it even without that jennifer. If only trade was cash, did not all the cash. My account five thousand countdown. Will i still break pdt rule since i'm not a margin account.

Can i trade unlimited every day long as i settle cash? Okay, so you have a cash account. Cash accounts hang on we're going to my the first target. Remember yesterday's low 443 18 right there! Okay, we just broke yesterday's low wait. Is there an announcement? This is an abnormal sell-off.

Is there breaking news? Uh hang on hang on, hang on hang on. There might did something happen with russia. Ukraine says they're suffering from the largest cyber attack. They have ever experienced nbc news uh that was 20 minutes ago.

Hang on. It feels like something had to just get announced. This is weird walter bloomberg. I'm not seeing any breaking news did something happen.

Please feel free. No, no! No! No! All right, i'm not seeing any breaking news quite yet, but we did break yesterday's low, which is telling me uh. It makes me more confident in that gap-filled play 440-160. That's what i'm watching, especially if we're not recapturing yesterday's low, which was 443.18.

So this is potentially setting up for what a nice two-ish dollar type of a move. Anyway, back to your question, this is a great question. Jennifer pattern day trading is just for people in the u.s, with an account that's less than 25 000. That's a margin account in the us margin account less than 25 000.

You have to be in those three things to be battling with pattern day. Trading u.s margin count less than 25 000. It sounds like you're in the u.s um you're below 25 000, but you have a cash account, so you have a different set of rules like referred to, like as a good faith, violation or a free rule violation whatever you want to call it um. But that's what i would be paying attention for.

You you're not battling with pattern day trading, because you have a cash account pattern day. Trading is for people with a margin account uh. So for you you can trade as much as you want. You could trade 18 times if you want like way over three, if you're still just using your settled cash, that's a great question uh.

How would you play nvidia earnings? Is it too late going in um, i'm not playing in video earnings? Nvidia is one of my uh account like stocks that i'm like long-term diamond handing uh i'm not making an options, trade or a quick, buy or sell like in anticipation um. I think it's gon na beat on earnings, but that's just my opinion, but when it comes to earnings, it's commonly a 50 50 flip um, it's just a flip of a coin. Is the overall market looking pretty sus, yes, but also excluding facebook. A lot of these other major tech plays have been doing very, very well.

So if it follows the trend of how other big tech companies have been doing, i think nvidia will beat that's my opinion, but just so you know i'm not playing it. I'm just continuing to hold my nvidia shares in my long term. Account ukraine's defense ministry banks knocked offline. My phone just freaked out, hang on.

I think my phone just made a weird noise um, so i'm at the point now on the s p. 500 watching 441.60. To me: that's the play. Let's see how this all goes, uh was there any updates to apple.

I felt like that. Just seemed like such a jolt: i'm surprised no one's reporting anything quite yet. Let me check russian foreign ministry spokeswoman says united states is whipping up tensions to hamper nordstream 2 pipeline implementation. Wow wow wow wow yeah the spy.

If it doesn't quickly hang on. Let me map this out now for you, 4 43. 18. If it doesn't quickly get back above this and like hold above it uh rut row, how is oil? Looking is oil popping on this? Let's check out the futures market on oil, oil is coming back with a vengeance, so this is another thing you could use for like a sign of the tensions if oil keeps going higher.

Well. That's concerns concerns concerns concerns all right, amc and jimmy's still holding. So this is kind of a optimal scenario where you could benefit off of the volatility of the market, because you could see that your premiums are getting juiced, but your core holdings, potentially amc and gme - are actually they're. Some of the few green things um.

Some of these this this is a very good environment for us juice volatility, and you know now about puts and credit spreads. You could be making extra money there, but then you're not even losing that much because amc and gmail are holding strong. If that's some of your core holdings, this is an optimal scenario for us folks. This is a good good situation.

I mean man these, like the future, puts that we've been talking about they're, crushing it the the spy credit spread that we put on locals. That's crushing it uvxy, that's one. We haven't checked yet um. I still have those uv xy calls.

This is starting to wake up so they're, crushing it. This is an optimal day. The only thing that would make today better is, if i wasn't sick but hey. If that's what i have to pay, if i just have to take a little bit of bad luck with my own health, to have good luck in the markets like, let's do this thing, good, good stuff, why is upst ripping they beat on earnings like they commonly Do all right amc is coming up to the first target that i have, or i shouldn't say the first.

The closest target right about there 2030 is my first target on amc and then on gme. It is 130. interesting today this type of action just like these swings. Don't this is not going to slow down today.

I i don't see a world in which it could um. So what time is it it's ten? So in four hours at 2 pm we get defend meeting minutes and then we know biden is meeting with the guy from germany at 2, 30. At any point, throughout the day, the secretary of defense might give us an update on the satellite imagery with what russia is or isn't doing, with their troops um we're living in a weird time where we don't know what is misinformation and we don't know, what's accurate, Which is just crazy is: are media legitimately fear-mongering because they know people are engaged and they're gon na be clicking on it and they're trying to make their advertisers happy or are they like reporting it? Because it's something truthful? Do you know how disgusting of a situation it is that when we look to our mainstream media, we have to actually ask that uh by the way, ding ding, ding, ding, ding, ding, ding, ding, ding cuz amc is above 20 and jamie is targeting 130 um. So right now amc and jimmy crushing it market looking a little bit weak.

I'm still feeling good about my gap fill play, especially if it can't recapture 443.18. If it does, that might change the scenario. A little bit.