TO THE MOON || Market Close
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RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
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Dumb Money w/ Matt Kohrs
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#Stocks #DumbMoney #MoonGang
Please be sure to LIKE, SUBSCRIBE, and turn on them NOTIFICATIONS.
Let me know in the comments if there is anything I can improve on moving forward.
Thanks for Watching!
RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
DISCLOSURE:
I have a beneficial long position in the shares of AMC & GME either through stock ownership, options, or other derivatives.
You guys, you guys guess who's back on their bullshit, going to the moon, don't be mistaken. The apes won't be shaking or breaking because we're going to the moon date very soon. Gon na wake up on the moon brand new yacht and a mcdonald's in my living room, bright, yellow, lamborghini, 50. Oh, that's right, held them tight jack titties every night we was in ways back when they tried to chop it down to ten henches couldn't come for him.
Ace was strong had enough of these feelings, but the eggs were rebelling cause. We never be selling till we sent it to heaven now we'd be out of yelling, hey screw. You kenny. I want my wife a minivan to share with a boyfriend, but i pull up in the benz played saying olive cranes going on an airplane.
Don't think we'll be back again celebrating every day like it's, your birthday cause we're holding on for delight getting damn teddy, so today's expectation probably more manipulation if you'd be a creation of a crooked operation brought more while it was low, got more dips in trader joe's. Oh, you thought that we'd, let go what the hell you take us for holla. If you spend your last dollar on bananas, while living in squalor, we don't claim to be scholars. We the smooth brain dummies and we never stood totally yeah.
We do this for love and we do this for our honor. A follower. 11 ain't got nothing on us. We the planet of the apes anymore, as we trust m-o-a-s-s.
Oh hell, yes, gon na, send it into space, go fire up the jets done. My dd call me out and john rocket man. This is the way gon na be girl, yeah, it's ground control. To make your time we bout to have liftoff call us neil eight strong, gon na don't be mistaken.
The ace won't be shaking no breaking because we're going to the moon don't be mistaken. The ace won't be shaking or breaking because we're going through the mud we're going to let's uh, let's run that one back we hungry, stop breaking the law is give us the fucking money, my sister's here, my brothers, the fathers and the lovers. We don't need. Another fan because we huddled through hard times fucking money, all right, all right all right.
Welcome to tenty town, we made it. We made it on this rocket ship to tendy town for the day, and things are going absolutely bonkers: team team, media team team team. Let me imagine, imagine any legal entity believing this is financial advice. You'd have to have a prosecutor with the biggest brain on this side of the mississippi.
I just make this content to give my my defense, some legitimate they're. Like sir, he was wearing a double duck. Shirt with reflective, green glasses yelling at the crowd that he was back on his bullshit. What kind of series seven exam question was that type of a situation folks, it is a good friday, enjoy it green, green, green, green green.
Do you still have amc stock? What's an amc never heard of her never heard of her, sir? He separated his own thumb. I don't have a fancy shirt, but i'm wearing fancy glasses indoors. Kuderi. You got to get yourself a fancy shirt. You know the rules on a friday. It's a fancy. Shirt friday, look at the market, the s p 500, currently at 0.66. What's crazy about this level? Is we're getting this close to the 200-day moving average that thing that we broke down a pound and then everyone's like whoa, whoa whoa, and then we were following this wedge.
We broke out of the wedge and we're making a b line right to this level at just under 446 or we'll call it right at 446., the tech sector looking great getting its own little breakout. I would say next stop 357. The small cap also attempting to get its breakout and above 208, we could watch around 212-ish amc up 2.3 on the day, we're looking forward to re-test the zone in the mid-16s gme green after missing on the bottom line, uh it did beat on revenue but miss On earnings per share, but we also did get the announcement that the nft marketplace is going to be ideally live by june 30th of this year uh. Fortunately, i had the privilege of doing kind of a gamestop breakdown with yahoo this morning that video is out somewhere on the interwebs, i'm not really sure but find it um prague up 14 mullen up 18.
What's crazy about mullen - and i know there's a lot of mullen enthusiasts in here breaking out above three dollars might be pretty exciting uh, let's see if we could get that push in the final 20 minutes of the day, dwack coming out of nowhere. The former president's, i guess, competition to twitter. This is going wild on the fact that he's going live on fox news next week. So people like all right, is he gon na announce something? What is he doing? What is he not doing a lot of craziness? It's been a wild week and i love the note that we're ending it on and in just a couple minutes.
I actually have a little bit of something different. I will be hang on. Let's do it in two minutes i'll be ready in two minutes. We're going to be chatting with some people who know far more about the market than i do.
But let me see if i can get this ready and you know we're going to get some serious financial commentary teaching in there and then we'll ride off into the sunset of 4 p.m. And the day in the week, going ding ding, ding, ding and hopefully you're experiencing quite a bit of green in your p and l uh. So hang on for duck's sake, please play marbles. I don't have marbles booted up but cootery if the weekends on this type of note next week, we could definitely play some.
We could definitely play some marbles all right. Let me get this over here, hang on one second, audio, all right: cool cool cool: let's get ready for the market today, all right we are rocking - i mean even these small caps and stuck have been just ripped. Tesla cruising over 900 got some positive news there with the shanghai plant everything's green. I'm curious on muln out of my own morbid curiosity, how many of you have already locked in some form of profits, just like you've already like i'm, not saying all, i'm not saying you got in and you got out, but even a portion you're like you know What it's a friday, i'm green! This thing has run like usain bolt how many of you have been like. You know what, let's lock in some of them attendees, how many of you guys are having. Basically, what i'm asking in a koi manor is how many of you have experienced now. Attendees friday, matt looks like a blind mice. Someone just asked if my first name is actually thick.
Yes, it is. My name is 100 thick, my parents, they just they knew it was coming. They knew they're like just knew. It was my life all right.
We're just waiting. We're gon na go, live we're gon na be talking with our boy mike from ttg to get his thoughts on inflation, the market heading to the 200-day moving average and just the greenness overall uh matt looks like white raid. Charles those are. Your ingredients took 140 profit.
Crazy. Congratulations. Congratulations! Congratulations! A fake head and shoulders on mulan. I actually see a little bit more of a wedge like the kind of like i guess.
Maybe it's like a dislocated shoulder um, but i kind of like this higher low the lower high looking just for a bull flag, breakout if you're still in muln this one crushed it absolutely crushed it all right trying to get this. The spy the spy spy's gon na it looks like it's just gon na keep going and it closed here. This is just nuts: hey, hey, hey mike. Can you hear me all right? I can hear you fine bro.
I just wish i can see your face. I miss you. Oh i miss you too. Alas, hey i'll give you a discount on that only fans we've talked about it before so.
Yes, i don't know why my picture's not coming up for you guys here. Unfortunately, i try to load it up, but we'll figure that out later um, so over here reporting from the nasa space studio. I have a lot of apes who are quite excited about this: almost borderline, zero gravity environment we currently have in the stock market. What's been going on in ttg, are you guys just like buying some new money rakes over there? Just calls calls calls.
We just got the money guns out. Man, we got the money guns out. Muln has been just an absolute monster for us um. You know: we've been long mulm from like a dollar eighty-one um.
You know we peeled more profit off today at 296., that's good for, like a 63 64 rip um chris toner, you know, one of our mods in ttg was was in the option. Contract ripped off a triple triple digit gain on the option. Um as as mulan has just been ripping face these last couple of days and just uh, you know the overall market's been surging on the back of jerome powell. You know kind of easing fears about the possibility of a recession and you're you're.
Getting a rising tide lifts all boats. You know you're, seeing a lot of the the stocks that have gotten beaten down the most. A lot of your tech stocks, like nasdaq's, been leading the way on this bounce um. So it's nice to see a lot of stocks that got really beaten up over the last. You know several weeks are having some really really really. Nice moves. These last couple of days, yeah for sure i mean in terms of the overall market, despite the cues, the russell all kind of encroaching on their 200-day moving average that'll be exciting. I think the spy has like a dollar fifty ish to go and uh the queue's doing their thing.
The small cap doing their thing with muln i mean i have a lot of folks right here who are like super excited about it, because it's been one that they've been watching now for two weeks as soon as the new - and i were talking about this in One of our conversations of it's just another one where there's like a clear amount of fuckery going on uh. It was uh for everyone who doesn't know about short sale restriction. Ssr you go on to it. If you go down 10 in the day, and basically it's supposed to stop the dog pile effect, well, market makers don't have to follow this rule.
Typically, when you're on this list, which lasts for the remainder of that day and the entire next day, you can only short it's the uptick rule like you have to be going upward to short, well market makers. Don't have to follow that and in one day about two weeks ago there was more short exempt training than there is float, and that was a bit ago and now with the prospectus, they did many new shares to david mischery, the ceo and other stockholders, and then There's also, i guess, warrants and equity lines and they did this big prospectus where really the ratio, the short interest ratio, is now diluted, but overall i mean i'm looking at the numbers on muln right now. The cost to borrow is 11 utilization is 100. The shares on loan is still 16.25 million and it's increasing the short interest on muln increased today.
After what a three-day run of 75 percent, like i've done stupid shit in my life. But i don't know if i've been that dumb, i i probably have, but at least not in the market like this is just nuts and then the other ones. You - and i were talking about this too oil is starting to pick its head back up. It's at 103 and if something goes awry, because what is it the iea is now saying, hang on, there's still like some supply concerns, i'm still closely watching indo and imp they're on the threshold list, the cost of borrowers jacked up the utilization, both of them have.
I believe a short interest, either at or above 100 like extraordinary numbers, and now that, i would say the retail like sector has gotten this like enthusiasm back like just like really the win behind its sales. Like you never know where this is going to go but like every like i'm looking at tesla in video, everything is ripping d-wax even up. I don't know if you caught that one, but i guess trump's going on fox news next week and people are like. Oh, is this like the big announcement like it came out of nowhere around like 1 30 1 45. Today it was just like a news one i was like this is just nuts yeah yeah man. It's you know. I i think it's it's just it's crazy. How we we can still find ourselves in these situations, where you have stocks that are being shorted more than a hundred percent.
You know it's like. Have we learned nothing like if we you know from from gamestop, and it's like you know here we are again imp and indo um that your short positions are just getting really really really wacky imdo is the one that i i'm actually watching and keeping a little Bit more of a closer eye on, i just i personally like like the way that it trades better than impp but um. So i i look at indo. I keep it up on my screen every day and i feel, like you know, it looks like we have a little bit of support around thirty dollars and then we can maybe just tread water here around thirty dollars.
If you get something with oil, if you get a big another spike in oil prices, you know, maybe there could be something there that kind of ignites ignites the fuse, but nothing would make me happier than to just you know get another just face. Ripper of these people that are just you know, shorting these stocks into into complete oblivion. But you know we will we'll see we'll see what happens there. We actually just had uh jason simmons, the professor who tracks you, know oil, natural gas very very closely.
Just just before you came on, he was actually talking about some things he was seeing in oil. Now the oil is back over a hundred dollars a barrel um and see. If maybe you got to see what happens over the weekend right from like a geopolitical standpoint, what news headlines are the rove of the weekend that maybe rattle up the commodities market a little bit so we'll have to see we'll have to see, but i'll definitely keep. My eye on those with that short position for sure what do you? What do you think about m-u-l-n like because i'm still long a piece from 181 um i've taken a lot of profit off on this trade um.
So i'm down to like a smaller piece now and you know we're going to be looking for a chance to maybe try and reload on the position if i get a pullback towards like 250 260. um, okay, so i'm just curious on what your thoughts are yeah. So um i actually have no muln position i just like when it started going. I was already late to it.
So it's been a story, i'm tracking, but like just to be very clear with everyone like no position for me, no options or anything like that. It's just something that i don't know when i saw like the craziness and some of their metrics. I was like, ah probably a good news story um for me, obviously key psychological level at three dollars. I would love for it to close above it just a big psychological win and it's quadruple witching, i'm sure, there's a lot of things that will be in the money, particularly at that strike price. So i like that, as just like a psychological one, i am looking for if it pushes again above three, i'm watching 350ish, maybe a little bit higher, maybe 360ish and from there. I think the rsi will be kind of blown out on the four hour on the one day might need to take a bit of a cooler because that's the highs, we're seeing from early feb um. Overall, that's what i'm watching and i think it could keep going. But the thing i want to stress, especially from anyone who's been in these types of volatile situations before don't believe in any of these ones of where it has to go to a number.
Whenever i hear someone tell me it has to go to five, it has to go to ten, it has to go to twenty. It doesn't have to do shit ride the trend lock in some of your profits on the way up and put in a trailing stop or a hard stop whatever it is, but protect yourself and don't just run the math in the back end of like if it Hits here i'll now have this much money enjoy the trend as long as it's going up be a part of the rocket ship and if it starts to switch, if you see that big first retake, just pull the rip cord enjoy the gains like this is a Play that came out of nowhere like it's, not free money but like it was easy money for sure right so, like i just don't want people to get like in their mind that, like this, has to go to some crazy value, and all you need is patience And it'll get there. We have no idea what's going on with this one, especially when the data is indicative of it being manipulated so like when you know something's actively manipulated, don't be like well, it has to go this way against all the people manipulating it. No, it doesn't not at all, so i think, let's see how things go and i think a lot of it does have to help with the enthusiasm in the overall market.
So if all of a sudden people are like, i don't know because, like i don't know, if you caught those comments from bullard but he's still doubling down on being hawkish so and it sounds like he also flipped one of those other fed members who's like. I think maybe we should have done more too. I forget what his name was, but now there's two fed members who are kind of dissenting a little bit more loudly and if they fit flip enough of the members and get in powell's ear, it might change the tune on the overall market. But i'm i'm in limbo, it's very obvious that they don't want to go volker.
They don't want to go greenspan like they're, not going to try to like completely ruin this they're going to do their best to get that soft landing that you refer to commonly, but inflation is so bad right now, it's just so incredibly bad that, like it sounds Good and it's a good story of like look at there was a complex macroeconomic backdrop and we were able to solve it. It's like that sounds good, but, like i don't know like i keep reading about quote-unquote policy error too slow and not aggressive enough in 2021, and now are they over compensating in 2022., and i don't know, like i've, never surprisingly been elected to the fed yet. But i think it's like a fashion thing that they just don't like my duck shirts, but i don't know like it's just it's very, very complex and i think there's enthusiasm right now. If we get back above the 200-day moving average i'll feel more confident about like a more of a medium-term bullish push in the overall market, but i'm closely watching the 200. yeah i'm doing the same, i'm gon na say we were just. We were talking about two right before you came on for folks. For those that don't know you guys were just listening to mr matt coors uh himself. We don't have a an image or video uh image of him right now, but just the audio, but you guys were just listening to uh to met coors um yeah.
You know i i'm just. I think you know going back to mulln. Specifically it's like you know. I always teach people in your trading group about the tier trading strategy that i implement and i learned it when i was working at the fund.
I've tweaked it so it makes sense for my own retail trading and once you guys learn to trade in tiers and you learn how to take profits at multiple profit targets. You know it really. It really does make trading easier for you to to stay in winning trades longer. Take profits not always feel like you're, it's an all or nothing type of trade.
There's nothing wrong with what you know hitting singles and doubles. The home runs will come um and this this mul-n, it certainly is one of those home runs, but i've taken a lot of profit off the table and down to a smaller piece of the position now um. So we'll see we'll see what muln brings uh as we are pushing in the overall markets right up to test highs of the day here again, as the strength continues right into uh right into the bells, we have a couple of minutes left man. I love it.
I want to know man. Are you going to be you're going to be joining me on uh? Are you going to be joining me on sunday on sunday? Yes, i'll, be there and we'll chop it up, see. What's going on see some of maybe like the crypto developments or whatever over the weekend, but see how things are going? It's uh ending on a note like this. It's gon na be interesting next week.
It leads us just. I feel like every single week this year. I'm a broken record of like next week, i'm expecting volatility, but every next week has been more and more volatile like it's just i don't know it's wild, but i'll, be there on sunday. So for everyone listening not only on my channel but on ttg's fan channel.
We will be doing that free stream for everyone kind of a little sunday night of just what's going on in the world and our plans for the week um and a final thought uh. What i just wanted to talk to you about mike with scaling honestly. I truly believe that pattern day trading is making people, especially when they're getting started worse traders, because it's putting the sentiment that they have to get in and get out perfectly, especially at a time that they are now new and novice to the market, which is just Insane, i don't get it like. If anything, we should be helping out people who are new and novice of like okay like and it puts so much pressure on them of like trying to bottom and top ticket and as soon as you do that you're like you, might get lucky. But it just usually given enough data points ends very very poorly yeah yeah. I um i actually hate and despise the pattern day. Trading rule it's it's it's supposed to it's supposed to help or it was. It was created to protect um, small and new traders.
I think that does the exact opposite. You know there's so many times that somebody wants to get out of a trade, but doesn't because it's their last day trade, so they were like i'll get out of it tomorrow and then the stock gaps down on them. They end up getting crushed um, so i absolutely hate the pattern day trading rule. I always must i always joke around.
I tell people that you know if i was um. You know when i run for president. The first thing i'm going to do is get rid of the pattern day. Trading rule.
That's my i like it. I like it all right yeah. I think i figured that's good for at least like 50 million votes right there. I, like it, hey you're, just playing the numbers that that's just a smart move right, that's a bipartisan thing! We can all agree on right.
Just we'll get rid of the pattern day! Trading rule perfect, perfect! Well, i'll! Let you wrap up your stream with your group over there, but i'll catch you on sunday have a good one mike yep yep. Take it easy man. Take it easy man thanks for joining us, bye that was mike over from ttg uh, a guy that is very solid trader, always like talking to him, especially about the uh fed policy type of stuff. I always end up learning quite a bit off of him, but i wanted to close out the day in the week with all of you, cool apes, who are hopefully making a lot of like tesla, ripping gme, even going green after missing on its earnings.
M-U-L-N up 17, the spy look at the spy. This was the spy today, it just didn't stop it got it put its like running shoes on at 9, 30 and just all day has been running a marathon, multiple marathons. It just keeps going it's basically, the forest gump of the market right now is the overall market just keeps ripping, ripping and ripping. Some people are calling out amc ones that oh we're getting a little bit of a cup and handle whoever called that out from a technical perspective.
Beautiful call, let's see if we could bust through that 1580 level. Awesome awesome awesome. What else do we have prog? Oops? Sorry prong: let's get this down here. Prague solid, gain muln. We already know about that tesla, crushing it dwack some enthusiasm in the close. Once again, the former president trump will be speaking on fox next week. That's what caused some of the enthusiasm as we're getting closer to the end here, nuts, nuts, nuts nuts? Oh shout out, i appreciate that for everyone who destroyed that, like button we're getting closer to cl, actually we are seconds away from close look. It time flies when you're having fun time flies.
When you start off your stream with two apes songs, whoa that was loud in my ears, ding ding, ding, ding ding, the casino is closed. What a day, what a day, what a fun day in the markets, i hope you had a good day. I hope you had a good week here. Is the dealio we'll be posting some vod content this weekend, we'll be doing a stream on sunday about crypto? Also be with ttg, if you're wondering what ttg is check out, what's pinned to the top of chat, see what's going on in their youtube, they do.
They have a paid education course, but they also have a chat, room and data and they also have free streams that they do quite often uh. So you got ta check it out, but if you want the week trial for what they have, it's been to the top of chat, but you don't even have to really start with that. You could just go check out their stream and see what they're all about and talk to some of the members who are in it uh so shout out to the ttg fam um a lot of cross-pollination between the moon gang and those guys. But overall, what a wild wild week, not only in the equities market, but even in the crypto market, ding ding, ding, ding, ding bitcoin just broke above 42 000 ethereum's on its way to 3 000 avalanche trip and solana ripping everything is ripping what a way to End the week good job apes.
I appreciate all of your time. I appreciate all of your good vibes shout out to everyone who dropped the like shout out to all the new members of the moon gang. It means a lot to me from the bottom of my heart. I hope you had a great week.
I hope you have a great weekend and i'll cut you in one of those future videos, but overall, thank you. Thank you thank you and, as always for me and chair, best of luck in the markets have an amazing weekend i'll catch you later, you.
'After studying the trajectory of great assets like real estate, dividend paying stocks of blue chip companies, gold, etc. My conclusion is that most great assets never come down to the price that you want them to so you can buy. just buy the ones you can afford today
wow im late
The shades, the fit, the music = vibes π€πΌ
I love you π
Sup