Hey: hey, hey: there is quite a bit of red in the market today, team, quite a bit of red. Currently, the s p 500 is down 1.4. The nasdaq 100 is down over 2 and the russell 2000 is down 1.3. This is crazy.

We are seeing technical breakdowns um. Obviously there could be quick pops back. That is totally 100 possible. Is it likely that's a different story, so what i want to do is really jump into.

I suppose. What's going on uh, there's there's some recent updates over the past couple hours that we definitely need to be going over, especially if you're watching this real time before the market closes, but even if you're not like, there's so much important stuff to be going into um. So we'll be going into that we'll be doing some chart review and then we'll also be doing the newest short interest numbers all that stuff. If you have uh questions about certain stocks, you want me to look into that's what i'm here for definitely just call them out and we'll pull them up more than excited to look into it.

But before we get into all that, i want to talk about a story if you remember back in february of january february, early of 2021. Basically, when the eight nation was born on the back of really keith gill, there um we had an unlikely supporter. You might have heard of him before his name is elon musk aka, the world's richest man, at one point in all the craziness in late january. He actually, i believe, tweeted out gamestonk and that tweet alone caused things to go pretty haywire in a pre-market.

Post-Market type of a session - but i i say unlikely supporter a little bit - tongue-in-cheek, just because this is kind of his mo he's into this narrative of like kind of fighting against the man fighting against some of this corruption. And for those of you who don't know. Elon has kind of had a storied battle against both the sec and his own kind of opinion and poor regulation, but on top of it, he's particularly had a fight against short sellers and with respect, obviously to tessa but nonetheless still vehemently fighting against short sellers. Well.

In that whole saga with the world's richest man, mr elon musk, i think he truly is an ape at heart and i'm gon na get into why. But we also have a new development from him coming out today. So with that, let's hop right over elon musk cheers on justice department, probe of short sellers, so this is a story that i've been covering in detail recently. We know the department of justice looking into two main things, they're kind of looking into these short sellers short seller reports.

Is it pay to play what's going on? Are they releasing the information early? Is it all above board and then the other one is more so related to block trade. So right now, we've been covering two independent probes going on by the doj and the sec actually has their own going on and also the fbi's involved. So, on more the short seller, one related to muddy waters and sichuan research, elon musk had some commentary. Today, tesla ceo elon musk took fresh shots at short sellers and the sec two of the billionaires most frequent targets for insults and criticism.

He also lauded the justice department for launching a probe into short sellers. Two one-time tesla shorts are reportedly under federal investigation, and we know i think, they're looking at 60, 60 plus potential people, two of them have had run-ins with elon before this is one of his comments from today. I am greatly encouraged by the justice department. Investigating short sellers must told cnbc an email.

Excuse me tuesday. This is something the sec should have done. But, curiously did not. You know.

What's kind of interesting is when you're the world's richest man, you can kind of get away with saying literally whatever is on your mind at any point in time and right here. Even him he's not afraid of the sec. Many people on this planet. You don't want to hear the sec come knocking, but someone like he's already paid them, fines he fights with them regularly.

It's just something for him to almost do when he's bored and right here, even calling them out, but curiously did not um. Definitely raising some eyebrows and let's go a little bit further right here, uh. This is from him too often sophisticated hedge funds have used short selling and complex derivatives to take advantage of small investors. Stop me if you've heard that, before they will short a company conduct a negative publicity campaign to drive the stock price down temporarily and cash out, then do it all over again many times the term for this, as you may be aware, is short and distort seriously.

It's that's what we're living through, and this is just proof that it happens in so many equities to some. Some of these negative bearish campaigns are more successful, others not as successful, but overall. This is something that we're seeing like many times throughout the market, especially given the like historied the story. Nature of the market is, if you're looking at it, there's all these crazy stories.

And yes, maybe some of you are watching this right now, particular to amc and jamie but understand this is something that happens time and time again, wash rinse repeat um. Actually this this is actually one of the craziest things you might remember, those like red, satin, short shorts, uh musk. That was actually one like. He was kind of messing with the short sellers back in 2020 uh pretty funny.

The doj probe according to the wall street journal, is focusing on alleged instances of so called spoofing and scalping spoofing involves illegally using fake orders to pump or crash a stock market, while scalping refers to when activists and shorters close out their positions without disclosing that move. Surprise, surprise, not disclosing, and that's like we've heard this. This is exactly what we're talking about. This isn't some little niche of the market, we're like.

Oh, it's just amc and jimmy. They don't know what they're talking about like tin, foil and stuff. This is happening in some of the world's biggest companies, the world's biggest equities. Folks, if you are questioning, if you're on the right side of history or not, you are, we have the proof we have the evidence.

Doj is looking into it. The sec is looking into it. I strongly strongly believe we are on the right side here that something malicious something insidious is going on and at the bottom line it needs to be looked into at the most minimal minuscule amount of effort. This at least needs to be examined now, if you want a couple more details about what spoofing and scalping are and aren't, i actually have other videos on it, i'll make sure they're in the description of the video we recently went over those musk's war with short Sellers goes beyond advocating for his company.

He spoke out against shorts during the gamestop frenzy last year, when large groups of retail investors on reddit help pump the stock up 1. 500. In two weeks, like i said, i think in his heart of hearts, he's actually an ape he's been he. When this was going down, he was actively paying attention to it.

Uh, you can't sell houses, you don't own, you can't sell cars, you don't own, but you can sell stocks. You don't own. This is bs. Shorting is a scam legal.

Only for vestigial reasons must send in a tweet in january 2021.. Now recently, his twitter has been also pretty interesting here. There's a couple other things i want to bring up, i'm greatly encouraged by the justice department investigating short sellers. Obviously this is what we just read but check this follow-up out.

The sec is more likely colluding with wall street hedge funds, just a matter of whether it can be proven, and then he responded exactly. This came out two hours ago, kind of calling really calling the sec out and one more what if elon musk tesla has been baiting the sec for years building their case on the level of corruption, and now they have enough evidence to go public with all grab. Your popcorn folks, right here, building a case, is exactly what we've been doing. Starting with a fight with scc is not a great look, i didn't start the fight, but i will finish it.

Those are absurdly absurdly strong words from the world's most rich person, and obviously he is wildly powerful. Wildly influential i'm beyond excited to see how this plays out um before when i first saw this story, i did throw up on twitter, but i think it just deserves a second look. A third look. I'm gon na get this out.

Um. If you haven't already, it would be awesome if you could drop a like hit whatever share this. This is big news. This isn't beyond just like.

This is far far beyond that. Just oh okay, like maybe this person bought this person, didn't buy some positive comments. Some negative comments: we're in alignment with the guy who has a lot of power, a lot of money and he's actively fighting both the sec and short sellers, calling them out very recently and lauding the justice department for the current probe, involving people from citron from muddy Waters um: you can check it out more in this article and make sure to get that posted below. Personally, hey i like to see this, and i don't think this is going to be the thing that, like automatically tomorrow, things are great.

It's not like this. It's just another step in the right direction, but with all that being said, i would love to get your thoughts on this particular story and musk, maybe being an ape in his heart, um i'd love to get your thoughts in a comment below all right. So we went over all that and i also wanted to remind you of hank here, um hank, the tank hank. The tank seems to be winning he uh.

He really does seem to be winning in the market. So all of a sudden we have the story of hank the tank. He he's. People like they're he's eating too much pizza he's breaking into homes.

I covered this story. I don't know one two three days ago, something like that. I mean i even still have the highlights from it hank the tank. He people called the cops on them like a hundred times or something like that.

He's a he's messing things up, i believe in tahoe hank the tanks piss folks. Look at this look at. What's going on with hank the tank, i guess that's what happens when he he gets his name out there. People are getting more and more pissed and hank.

The tank is not he's not taking a second of it. He is hank. The tank is showing his look. Look how fat this bear is.

I can't not look at it without laughing hank is so so big and he's. Obviously, a lake tahoe right here. Obviously, uh flexing his muscles. Currently look at that bear uh, so absurdly large, all right, so uh i wanted to share.

What's going on with hank the tank just because i thought it was interesting, but let's go over the most recent up-to-date short interest numbers currently for gme 20.5 and then for amc. Let me quickly get the newest amc numbers. Let me give it a quick reload, really. 21 20.93 - both of them as of this morning, did have a utilization of a hundred percent and then, let's uh quickly get you the spy, the qs and the russell hang on.

Let me get the spy up s. P. 500. Let's see what the current shorts on that is: uh 17.2424 went up by three percent today and then on the qs.

Where are we sitting at on that just to see what's going on mechanically in the back end, uh 13.9 and then? Finally, the russell which amc is the biggest player in and we are at 38.64 for the russell. So those are the numbers on amc, gme, the spy, the qs and the russell, and let me take another quick snapshot of what's going on here: um. The main support i'm watching on the s. P 500 is 421, which is the low from january 24th.

If that does not hold, i am then watching 415. My next level once again to reiterate: if this does not hold uh, i guess we could watch what is this 416 415. So this one dollar region is what i'll be watching next 416 to 415. If 421 does not hold in terms of the nasdaq, we are coming up to support at 328 and then from there there's.

Actually a bit of a gap fill a little sneaky sneaky gap. Fill that, i think, could um is actually about to most likely get filled. 323. um, if i make a particular play for that i'll, let you know, but a sneaky gap, phil back from may 19th of 2021 and in terms of the russell we have support coming up at 191.

Overall, i still want to like kind of remind everyone that recently we have been seeing the small cap sector out perform on a relative basis, the spy and the queues over the past two to three weeks um. So that's why this one looks less extreme, but watching the support at 191 um man, oh man, as i'm speaking, this is continuing to go down. Are there more negative developments or something uh speaking of developments? Let's just hop right into that. Let's see what's going on in this world, let me give a quick reload: let's get the hottest hottest new information for all of you kind folks, uh inflation is too high, has spread beyond covid affected sectors.

Oh daley also said something else. It's time to move away from the fed's, extraordinarily support extraordinary support for the economy. Now this is interesting daily. She, i believe, is from san francisco, like she's, the san francisco fed member um she's been a little bit more dovish about things, she's, saying: hey: let's let the data come in.

Let's make up some good assumptions about. What's going on like no need to cause panic. No need to call it out in the future, as the data comes in we'll make appropriate reactive decisions so to see her go a little bit more hawkish, not the best situation. I would say she was one of the most dovish of the fed um, but so that's what's going on on more of a monetary policy and remember don't forget, i know things are crazy with russia and ukraine, but don't forget we're still at a four decade: high Level of inflation, anyway, speaking of russian ukraine, ukraine's foreign minister says night shift of titan chemicals plant is annex crimea, evacuation from facility us no justice department and trump era.

All right, we don't need that ukraine, parliament, votes to approve state of emergency uh wow, that's kind of a big piece of news. U.S stocks fall u.s release from oil reserves on price rises. Oh eyes are released from our own reserves to help, because remember oil is going sky high right now. In fact, what is oil currently trading at uh? Am i on the right contract right here? It says 92 on oil uh that i thought it was higher, though.

Maybe my data is lagging behind just checking on the futures market. What else do we have going on vanek etf uh, getting destroyed there? Boeing crude impacts, blah blah blah u.s state department says the invasion remains potentially imminent. That was one hour ago. U.S state department says u.s has not seen any indication of russians backing away.

I also had this right here so on cnbc you can see they have kind of like their own live update thing running biden announces sanctions on nordstrom, 2 company us officials say russian forces are ready for an attack uh. The most recent one u.s ambassador to un warns of new refugee crisis. Uh biden announces new sanctions on nordstrom 2. So that's more of like a natural gas thing that we have between russia and germany and then an hour ago, russian forces look ready to launch large scale invasion.

You know uh. I am thoroughly surprised. I i really really am. I thought the tune that things were kind of left off with yesterday is like we get it.

Both sides postured both sides kind of showed to their people that they're serious, but it really had that vibe that it was going to get solved in more of a diplomatic manner. I am thoroughly surprised that it like i thought, that's how it was going to trend today actually in the morning stream. That's what i was saying i was like you know what actually things have calmed down? Both sides try to prove the point that they were attempting to prove and now, let's get this resolved with like the most minimal bloodshed possible. There's too much at stake from an economic and from a pure life refugee standpoint.

I'm really really surprised that we're not seeing a little bit more of positive of tension. Easing rhetoric today, maybe fingers crossed that it comes tomorrow. I very much hope that it does. But right now the market is like it's just been selling off the whole day.

Um for quite a bit there, gamestop was actually one of the few green equities on my watch list and then midday. It ended up turning a bit red too. It's just things are getting hit like when the spy in the queues and the russell goes red. That's putting immense headwinds on the remaining things and that's what we're seeing right now, it's very very difficult for a stock to outperform, especially without some like abnormal announcement like specific to the company like a fundamental development, if it's just a quote-unquote normal trading day.

If you see the spy, the queues and the russell all getting rocked, there is an extraordinarily good chance that the individual equities are also going to get rocked. They are part of the market, and these are the indices that track they're, the they're, the basket that tracks the overall market um. So this kind of gives you sentiment that, like just markets are going down, and also it's just not, the equities futures are obviously getting beat up. Crypto currently getting beat up crypto holding on a little bit stronger, uh, probably because it's been beat up to a larger degree recently, but on a smaller time frame, definitely holding a little bit stronger.

But once again the spy i'm watching 421 and then below that. I'm watching for 16 to 15, whatever i just said a little bit ago. What was this? My levels are: 4, 16 to 4, 15. um, i'm still in those uv.

Xy calls! Surprisingly enough. I don't even know if they're, i still don't know how they're not positive. I'm currently down 25, but hey. We did lock in some nice gains, 80 gains on the bear call spread on the spy we rolled it into another one, the like 441s by 442s, and probably going to do another one all of those trades.

When i do them in the details of them, they are all posted on locals mattcoors.locals.com. I also do the morning. Write-Ups and other people are sharing their dd and their trade ideas. It's not just me.

It's a community and to all of you who are putting out your trades and responding that's my goal over. There is to have a place where for people who can't watch every second of every stream um and also it gives me a way to read what other people are, their training ideas. I've been learning a lot off of the other people, posting uh kind of what concepts they have going on in there um, but pretty cool. What else do we have going uh thoughts on nu? I have not.

I've been really with all the craziness. I've been tracking. The overall market, this does not look good. What is this, it looks like it just got, rocked and it started trading.

I don't it looks like it ipoded somewhere recently. I wouldn't be touching this. It looks a little bit bearish to me uh, someone said tesla getting smacked, uh 763.. You know last week when i called out 750 people thought i was nuts.

I got dms that 750 was not gon na happen. Uh around early feb. I mean look at this flag, it seemed kind of like i actually thought it would take a little bit longer if anything we're at 760 right now, but um 750 was the level i was calling out because of this exact flag pattern, and like literally, i was Getting dmz like no way not possible could not happen. Well, i mean look we're not that far off.

I guess technically, i'm not right. It hasn't hit 750 hit 760, but uh folks. This is a pretty tense situation. Like i don't know, i i don't want to be it's weird on my end of this of like i don't want to be like glum, because it's also a money-making opportunity when you get big swings like this.

If you're playing the swing you're going to make a lot of money, a lot of money, those calls i've been like or the trades i've been calling out to you like uv xy calls, the credit spreads. Just spy puts tesla puts uh selling contracts on the futures market. All those plays have been printing, it's printing for a negative reason, because we're potentially staring world war three in the face, but i guess nonetheless, at the end of the day, people are making serious amounts of money so whether everything's red or everything's green. I guess i'm more of the opinion of just give me that volatility, because that's what really an active trader needs to make some like to make some serious dough.

Oh, where are we at uh amc here? Let me bring up amc. The russell getting hit, which means amc, is going to be getting hit honestly amc holding on a little bit better. I mean we see the russell really nose, diving right now. Amc is attempting to hold its intraday low around 1560..

Oh man, crazy, crazy, crazy, crazy, i'm curious, so we have eight minutes left and out of my own curiosity with all of you folks, we are at 222 20 right now. So my question to all of you: we have a couple minutes left. Do we close? Do we hit the bell ding any ding, ding, ding above or below 422 above or below, or if you think it's going to be exactly 420. 20.

422. I suppose you can guess that um, but i i'm just curious above or below when the bell goes. Diggity ding ding ding in seven minutes. Where do you think we're all gon na be at below below below below below below? Above? That was the first above it.

There was a lot of belows before we saw the first above right. There, wouldn't commodity futures, be doing better than most yeah uh gold is actually crushing it right now, gold's, looking pretty good. If you look at gold, look at gold's having a pretty solid day oil. You could check out uso oil going higher, so gold oil in events such as this and obviously volatility will be going up too, whether you're looking at the vix vxxuvxy, all that stuff will be going up the battle of 422-422.

What else do we have going on? Oh, if you haven't already, it would be awesome if you guys can help me out with the algorithm, don't forget to hit that like button and if you haven't already don't forget to join up with the moon gang by hitting that subscribe button. If that button you're. Looking at right now is red, that's not good! Remember red, no good! You got to hit it turn it gray and obviously it's actually completely different on rumble. If you're on rumble, you see that green button green is good.

You definitely want to click the green button. Basically, click green buttons and also click red buttons, but it's super dependent on the one that you're on so yeah totally. I honestly wish that they had like similar colors just so i could come up with like one one crafty pitch for all of them. It just doesn't work that way, someone's calling out for a close of 4 20 69 uh macarena macarena macarena if it closes out at 4269.

I will send you whatever you want from the merch store for that kind of a call out. Let's see if you are right, if you are right, you're totally gon na get whatever you want anything in the merge store. I will mail it directly to you today. Let me know: that's the name of the game for 2069..

All right. We're battling at this 422 level margin calls. When will they start uh margin. Calls don't really go like at a particular time like that, not like my real experience with it.

Margin calls are as soon as your like book hits uh too big of a risk to your broker. That's when you get margin called it might happen overnight. It could happen at 9 35. It could happen at 10.

Am 12. like if, as soon as you go over your risk, tolerance, you can get margin called so rumble, buy button and youtube is sell button. Yeah pretty much you get it you get it you get it um, speaking of futures. Am i showing anything um? So you guys saw here's where the futures are at uh, i'm trying to lock in.

I load it up a little bit more, i'm trying to lock in some of my attendees right here, uh trying to lock in so on the futures market. This is the actual s p, 500 futures contract. So it's it's kind of similar to the spy, but not really it's kind of off by like a magnitude of 10. uh but anyway, and it's not exactly that there's a little bit of wiggle room but uh 4219.

I'm trying to collect some at 4212 and then we're at 4202 just because i think, there's going to be support at 4200, but as you can see, i've sold three of the contracts. So i'm gon na lit one ride, just in case crazy stuff plays out overnight. Uh but i'm looking to get some attendees some more attendees and then i'm in one ride. That's referred to as scaling out i like to scale in i like to scale out.

I don't like to go all in. I don't like to go all out. I just find that um. It leads to a little bit more of like emotional training like what it could have shoulda and, like you get angry at yourself.

I just like to be calm cool collected in scenarios like this. What else do we have good question? So far, what other questions you folks have? We have like two and a half minutes did i get filled on that? I did not uh. Let's see, let's see e s h two two! That's the front month contract e s, h e s, h, all right. We are two minutes and 15 seconds from that bell, going ding any ding ding ding, but i will be glued to the futures market all night.

It closes at 5 p.m, reopens at 6 p.m, there's just a one hour break and then it runs it's on the globex session. It trades 23 hours out of the day 23 hours. Do you think spy 425 will resist uh? No, i'm watching more. 427.

428. Are the main levels that were support and now i'm watching them as resistance, happy birthday and happy friday, everyone what's going on cootery keeping up those good vibes? Am i still in pride? Yes, if you're curious what stocks, i'm in uh check out public, it's pin to the top of chat, public.com coors or you could just straight up download it, and i must have been the first like matt on public, because apparently that's my code is matt. It's free to sign up it's for people in the u.s you get up to 70 of free stock when you make a valid deposit, which is basically over 100 bucks, no payment for order flow, no market makers, there's no reason to be on weeble. There's no reason to be on robinhood.

I don't even really like this argument of. Oh, i like the charts um. I just don't want to be supporting a company that we know is scummy um, there's other charting pieces of software like in front of you. This is trading view uh, i'm i'm just so over robin hood, i'm so over weeble um, i feel like they almost duped us in the past of like getting people onto the platform and now i'm just so 100 over them.

They literally emailed me again, they're like why'd, you go, we would love to have you back and i was like i've. I'm gone, i hate. I hate you hate h-a-t-e with a capital t-e. I don't know what that means.

It just sounds fun. Uh. Do you think uh we are at the end of a long-term debt cycle uh, not particularly that's more of a nuanced discussion that i think we need more time. I don't know if it's something i could like sum up in a quick like 30 second segment, um that yeah - that that's actually a really good suggestion for like more of a full form, video i keep weeble.

So i can sell contracts on my shares hard to pass up on the premium passive income. You can do that on many many brokerages. The casino is closed. It is closed not and that's what i've been available of pitching for one reason or another at first it was a fed.

Then it was this and before that it was run, and it just seems like we're not really getting out of this cycle of high volatility. So, once again, in the overnight session tomorrow expect high volatility, expect big gyrations of the market expect large varieties between what in the world is going on and what you think should be going on, and this is exactly why you need to be speaking sticking to a Trading plan don't just get in and hope have a trading plan. What is your risk? What is your reward? Define it? I'm not here to tell you if it's a good or a bad trading plan, i'm not here to tell you to buy seller hold. That's not me, i'm here, to share my opinions of what i'm doing kind of mess around with the community get into some of the news share some data points and talk some things over, but i'm not there for you, i'm not the one who can click the Button, i'm not the one who knows about your financial situation, your personality, but excuse me, i can tell you in times like this.

This is really when you're going to want to be falling back, because in high volatility environments you don't want to get like be a deer caught in the headlights, whatever the hell. That saying is that you don't want that to be you. You want to be on your game, you want to be paying attention, you want to know exactly what your plan is, and you want to execute it to the best of your ability. Here is the dealio.

I will be posting some extra content on this channel on the crypto channel later on today, and then i'll be streaming once again bright and early at 9, 00 am tomorrow and tomorrow will be a normal streaming day, very, very excited to get all to it. I think it's going to be other additional insane money-making opportunity um for those of you who, like in the short term, made some active trades. Obviously, betting against the market was a popular one. I know in the moon gang a lot of people were actually taking hefty bets against tesla and they absolutely crush it special shout out.

So hey if you stuck to your guns with your thesis and you played this short term probably through puts or something like that. Uh seriously, i applaud you. This is a heightened environment and, if you're able to like keep your account flat or even more and more green, you deserve an applause, i'm so stoked when any of you even make a single dollar that stuff to me is so so cool. I love.

What's going on in the community, people are learning day over day. The sky is the absolute limit. I want to thank you for all of your good vibes i'll, be posting vod content tonight i'll be streaming once again tomorrow. I hope you have a beautiful morning evening afternoon night, whatever time it is for you, but i hope you're having a great one and as always from me and chair best of luck in the markets, you.