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So hello, hello, hello and welcome to the pre-market action today, monday march 21st and man. Oh man are things looking green and there's a couple equities that are ripping rip and ripping. I personally did not get a position in them before the rip, so i'll be missing. This particular rocket ship, but i hope you absolutely crush it.
I'm talking about muln, i'm talking about bbig, like i said i have no position, but i'm more than excited to applaud you along making some of your attendees, so we're going to be getting into yes, those, but before that we should take a look at the overall Situation we're going to be talking about the overall market, we'll take a look at crypto. We have some updates of from ukraine and putin's whole debacle that invasion. We need to talk about an unfortunate event that played out in china related to boeing and that's why boeing's down in the pre-market. I want to talk a little bit about apecoin, ah there's so much going on, there's so so much going on, and i want to try to send spend a little bit more time at the end, doing classic chart review and that type of stuff, especially for the Setup on today, i think, will be incredibly important with muln bbig i mean even tesla's up in pre-market, i'm seeing a lot a lot of green, even oils up right now, so so much to talk about i'm very, very excited, but before we get into all that, If you haven't already help me out smash that, like button, don't forget to join up with the moon gang by hitting that subscribe button.
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Now, let's take a look at the overall market. The dow, the s p and the nasdaq are all in the red, but it's very slightly they're, pretty much at where they were on their clothes from friday. Oil is up a little bit currently training around 109 31 at least according they might have not rolled theirs. Yet the last thing i saw in oil was a bit lower, i'm seeing 107..
So a little bit of a data mismatch there remember on friday is quadruple-witching, so all the future contracts rolled they might not have just rolled theirs yet and then yields are all the way up to 2.2. Not that long ago we were talking about it at 1.7 and the resistance at like 1.8. Now 10-year yields are cruising at 2.2 uh, so some wild information there for sure uh man, those yields i didn't realize they had actually gotten that high. So that's a quick snapshot of how we're looking and also a quick snapshot of the crypto market overall, looking pretty good bitcoin chilling at just above 41, 000 solana, 90 avalanche 90, 91. ethereum do not sleep on ethereum between now and this summer, i'm talking june july. I think ethereum is going to have massive massive moves because we're going to get that official switch of proof of work to proof of stake, the merging of the beacon chain into the main chain. I am a big investor long-term enthusiast of ethereum, i'm very, very excited, and if you want more details about that, that's the type of stuff we talk about at nauseum on the crypto channel crypto cores go find it if you're on rumble you're already there, like those Two are put together on rumble if you're on twitch you're going to have to pick between youtube and rumble. Just so you know so anyway.
I just want to give you a snapshot of the pre-market in terms of equities the pre-market in terms of crypto we're seeing quite a bit of green. Today. We really really are the spy's up. Here's muln muln is currently up what 20 in pre-market after gaining 19.
On friday, bbig gained five percent. On friday, it's up 22 in pre-market, tesla gained almost four percent. It's up an additional one percent. There is a lot of green in pre-market.
Obviously the golden question is: is it going to hold? I have some thoughts and i i guess basically, i think a lot of this is related to the recent bullish push in the overall market. I'm talking about the spy, the cues, the russell. We see this enthusiasm. I want to see a reaction to some key levels of resistance.
If we get a breakout, i think all these individual equities are going to continue to run, but if we get smacked, i think um there might not be the best. Obviously, reaction in terms of individual equities and obviously there's two main things that could impact it number one is the fed. We just had the most recent fed meeting, so i think we're kind of out of we're out of danger for that in the short term of like a surprise, fed announcement. So i really think the main geopolitical thing, the main macroeconomic backdrop related thing that could be going on is more so going to be what's happening in ukraine.
Yes, it's somewhat falling out of the mainstream media cycle, but the situation over there is still very, very bad besieged mayor pool, rejects russia's surrender ultimatum and, as deadline passes, uh 12 minutes ago biden to speak with the president of france. I believe the chancellor of germany - and i don't johnson that will be from the uk uh. I don't know who this leader uh is from. So if someone in chat dragai draghi, dragai uh, whatever global leader that is uh hey, i would love to learn from you ahead of the nato meeting. So nato meeting coming in president joe biden will speak with the french. Oh well, no right here, italian prime minister. I was close. I got three out of four i'll count that as a win, so this is at 11 a.m: the nato conference, so we might be getting some sort of political development there that 11 a.m secured conference call with allies comes ahead of this week's emergency.
Nato leaders meeting so this i don't think we're going to be this isn't like live or anything like that. So maybe we'll get an update later on today of how it went, but right here later in the day, biden will also consult with uh treasury secretary, janet yellen uh. Whenever i see her name, this is like. Don't let me go too far off base here.
Whenever i see her name, all i think is how much money citadel has paid her to speak at citadel, and then i get pissed off and then my blood pressure goes through the roof. The fact that our treasury secretary of the u.s, like not some like low-level position, the treasury secretary, has been paid hundreds of thousands of dollars to give like these little talks at citadel and among other places, i don't know how the hell that's legal um anyway. So bottom will be speaking so once again, this is something you need to pay attention to. This came out a couple minutes ago, 12 minutes ago, 15, minutes ago, so important to know uh israeli field hospital to open and leave awesome.
Russia has shelled. I can't pronounce that region for the first time also they had like uh russia admitted over the weekend, their first time like uh like super sonic missile or sonic missile, or something that sounds like it was a little bit more destructive than i guess your like. Run-Of-The-Mill missile so the i would say, the tensions are continuing to increase, but we're seeing this interesting situation where tensions are increasing, obviously, there's more casualties, but i feel like mainstream media is covering it less and less so kind of a interesting split. There images show destroyed retroville shopping mall in kiev um, so this is actively what is going on and it really is getting far less attention like these are horrific things to look at.
So this is a humbling reminder something to keep. You grounded that no matter. What's going on in your life, like, i think it's good to understand that if the red or green of your account is your biggest day's worry, you should be counting your lucky stars because there's other people who wish that was their biggest concern. Ukraine accused russia of forced mass deportations from maripool to russian cities, comparing the tactics to nazis in world war ii.
It's interesting on both these sides, both putin's side and zilinski side. Both are accusing the other one of acting like germany in world war ii, uh and both are continually saying, like kind of like clap. Like i mean literally putin has called russia nazis and now we're seeing it vice versa. Interesting development ukrainian officials said thousands of people in maripool had been taken to russia against their will. The residents were taken to camps then shipped onto remote areas of russia. Ukraine likened the tactics which has not been independently verified to nazi labor camps once again, which has not been independently verified. I just want to share. What's going on putin's, russia looks increasingly desperate as ukraine wore near's stalemate.
Uh president vladimir putin's forces have exerted brutal force and destruction on much of ukraine. They have forced millions to flee and made millions homeless. At this point, i believe it's created around 10 million refugees. A lot of those in excess of a million have actually ended up in poland.
Just so you know, but it has failed to achieve major military victories. The capital kiev's second largest city of kharkiv and even besieging heavily destroyed maripool, are holding on despite weeks of shelling destruction and deprivation. I was reading some of this other related stuff over the weekend and it seems like it's one of these things that it's being reported. Obviously, i'm not there in person, but it's at least being reported that the morale of russian troops is very much going down, while ukrainian troops there's more and more people coming in to support him and the morale is picking up.
Obviously, take that with a grain of salt, but it is something that was heavily reported over the weekend. Analysts say russia is faced with more military and economic losses. Yes, their military losses are loading up. It does seem like they're doing what they can to hide.
Those numbers from the rest of the world and in terms of economic losses it economically, we have ruined them and even their stock market, which is yet to open, also pretty much ruined um. It is from a financial perspective. Russia is having a tough tough time. One interesting thing, though, was it was reported uh, which was kind of a big.
I don't know uh in terms of the chess match. That's going on with global leaders. India just decided to actually buy oil from russia at a discount and they paid in rubles, which is interesting because, most of the time when oil is traded, it's all in usd so just another thing to point out which i'm sure will add to the rising tensions Of okay, who's on what side uh who's trying to like ally, but maybe they see a better financial decision, a lot of big geopolitical things taking place uh the the ground is definitely shifting russia staves off default by sending dollar bond payments to creditors, but now faces A 4.6 billion dollar challenge, so this bond payment was, i believe, 117 million, and they did pay that last week, but now there's obviously a new bigger challenge. Russia saved off a sovereign debt default by sending 117 million to foreign bondholders last week. That was on wednesday, thursday of last week. However, the government faces another 4.6 billion in payments in 2022. According to jp morgan, fitch and s p have russia's credit rating saying the country may well default soon: 4.6 billion hey it's one thing if they can swing 117, but just on a comparative rate, i mean that's roughly like that. That's what 40 x more that that's crazy, um, so we'll see how that goes, and this is coming from jp morgan.
A big thing that we're just talking about, but still is clearly intimately intertwined with this situation is good old, black gold, texas tea. I'm talking about oil oil jumps over three percent as ukraine, pea stock stall and reports say that the eu is considering a ban on russian energy exports. Brent crude was back over 110 barrel on monday, as the invasion of ukraine adds to supply concerns. Peace talks over the weekend failed to progress and ukraine refused to surrender the besieged port of maripool media reports say that the eu is considering a ban on russian oil exports and chinese coveted cases rise at concern over demand raised concern over demand.
Excuse me so right here: yes, oil has been doing this crazy thing and i'm trying to understand the mismatch in these pricing. It has to do with rolling over, but we know oil has been slowly trending up had this crazy spike came back down below 100 and right now, it's either trading at 107.50 or roughly just below 110.. I still have my oil position. I wish i had more time instead of april.
I should have bought the maze i my expiration. My uso calls i've been playing oil through uso. My expiration is in mid april uh. I played it out of the money, so i'm waiting to see how this goes, but i very much need this to go higher and, ideally in a rapid sense, but my understanding, i might be right, i might be wrong.
I am not a financial advisor. I am not clairvoyant, i can't tell you what's going to go down in the future, but, as i understand things, there's still an increase in demand. A drop in supply. We're even now seeing these reports that the eu is potentially considering a ban which will artificially once again push down supply and then i'm seeing big billionaires like warren buffett continue to get into plays such as oxy.
He now owns a big percentage, we're talking billions of dollars, i think he's a 15 owner and he's been loading up, and this isn't the kind of guy who's in it for an active trade um, obviously himself and his analyst must be saying that demand is going To keep going up supply is going to keep going down. We have to get long exposure to the energy sector and he chose to do it through occidental petroleum corporation. I have no position in oxy, but i very much want one and if that changes, when i'm making a position, if i make a position i'll, let all of you know, surge in crude prices have propelled the fortunes of u.s oil tycoons 10 to 239 billion. Since russia invaded ukraine similar to the fact that elon becomes more and more wealthy as tesla goes up and up and up that's what we're seeing with these russian or excuse me these, like oil barons, basically the spike in oil prices after russia's invasion, ukraine has pushed The fortunes of american gas and shale tycoons according to bloomberg, there have been a nearly 10 rise in the collective net worth of u.s oil and gas. Industrialists freeport lng founder, michael smith, has entered bloomberg's list of 500 wealthiest people um. This is the type of stuff that you're gon na see. I just wanted to share that. I guess the rich become richer, and this is more if you didn't catch.
My short from yesterday on the channel, i posted a 45 second video. If you haven't watched it, you got ta check it out it's 45 seconds of your day, but when i see things like this and then also being reported by bloomberg, they basically reached out to some fancy schmancy professor of economics, and she said hey. If you make less than 300 000 there's a good chance that you're gon na feel inflation more than the rest of us super rich people, then i'm saying this because she is a multi-millionaire and then she gave out the most asinine list of things to do. To help yourself she's like sell your car ride the bus, maybe you should trade out meat for lentils.
No one said this would be fun. Those were legitimately her suggestions. This was not an article written by the onion. This was by bloomberg and then, when i see these types of things, inflation sky high, the average person is feeling these financial pressures as everything is going up.
Everything's going up real estate utilities, energy, just the cost of goods, we're at a four decade, high level of inflation and then some asshat millionaires like hey uh. I know a lot of you just got pets but like chemotherapy is expensive and if, unfortunately, your pet needs. It maybe you should just skip these. Are her legitimate suggestions, i'm telling you you got to watch the video, especially if you want to piss yourself off this early on a monday speaking of warren by buffett buying oxy.
He actually made another acquisition berkshire to buy insurer allegheny for 11.6 billion in warren buffett's biggest deal in years. Berkshire hathaway said monday morning and agreed to buy insurance company allegheny for 11.6 billy or 848 per share in cash. The conglomerate said the deal represents a multiple of 1.26 times allegheny's book value at december 31st, 2021, as well as a 16 premium to allegheny's average stock price in the past 30 days now i have no exposure to allegheny, but in my long-term portfolio i have been Long on united health group unh for quite a while, and actually that one's doing pretty well now you're gon na see hang on. Where are we right here training? I don't know why this isn't loading, but around 506. Oh there have been no trades in pre-market. That's odd uh. I haven't seen that in a minute where there's none interesting, so this is trading around 507 united health group is a titan. It's a like gigantic gigantic health insurance company - in fact it's the largest one in the u.s, so i just played that to get exposure to health insurance.
I didn't play allegheny, but if you're wondering why that one's going so crazy, this is why, and it's kind of interesting at the start of the year, there was a lot of predictions of the sectors that were outperformed even before we knew about this. Russia thing were financials because of the increase in rate hikes, so we're talking about big banks really already calling out energy, and that was just because of classic supply demand, supply, going down demand going up and then that got expediated by the whole russian debacle and the Third, one was actually health insurance. There was many many people predicting that health insurance will do well and it's interesting to see buffett now, making a massive position in a petroleum company oxy and actually outright buying a health insurance company. So the more you know, hopefully, you can use that to make it a little extra money.
China, eastern airline flight crash, is carrying more than 130 people. This is why boeing is down. Boeing is gapping down. I believe when i checked it, uh over five percent in pre-market trading, a boeing 737 crashed into the southern chinese region.
I can't say this: my apologies. It was unfortunately carrying 132 people. Local media reported that rescue crews were heading to the crash site in tang county uh. So if you look at boeing in pre-market right now ba it was a boeing plane currently down 4.3.
It closed on friday, around 193, it went as low as 175 currently trading at 184. So if you're wondering what's going on with boeing, it's unfortunately because there was a a plane that crashed into a mountain range that was a boeing airplane over in china and a little bit more about crypto that i want to talk about before we get into the World of chart review short interest. What's going on with muln and bbig is eight coin. Apecoin is something that was launched last week, i believe at the earliest people.
If you owned one of those board api clubs, i think you got it on wednesday and started trading on thursday, or maybe it was all on wednesday, but anyway apecoin it's a new crypto project that is really related to the board api club. If you look at its board of directors, it is people who are well known when i first saw this i'm telling you my gut instinct was: this: is a pump and dump rug pull just it's an ape coin. I thought they were playing into a community like they're like hey, let's just probably give themselves a lot run it up, let's sell it and then rug the whole project. I very much thought that the more i looked into it. I thought, maybe not if you check out apecoin on twitter and you look at who it's following it's it's the people on its board. These are all very well-known people, especially within the world of crypto, and to me it wouldn't make sense that they would risk their own, like, let's say, name brand value to be part of the pump and dump i i'm just being transparent. I have a very small ape coin position. I bought it last week just to see what it ends up doing.
I think i got in at like 13 or 14. It's currently trading at 10.. I think this is going to be absurdly volatile. I really really do so if you want to get into it, understand it's volatile and if you do, this is the time that you have like a very, very small amount of your overall portfolio, because this could go to zero.
I just want to be clear about what this is. It's related to boarded yacht club. I am impressed by the board i like that. It's saying it's trying to get into the world of like some games and that type of stuff, so i'm very bullish on like nfts and play to earn games i'll see how it goes.
But i just wanted to quickly cover it that this is birthed out of the world of board yacht club and not necessarily like the wall street bet apes, who are talking about amc and jimmy. I just want to like they both have ape in it. But not exactly the same thing so with all that being covered. Now, let's talk very quickly about what's going on with the overall market, so last week we had a beautiful push from march 14th until the close on friday we gained about 6.7.
Do you know how crazy that is from the day before putin's invasion of ukraine? To now, we are up 5.4, actually a little bit higher, almost six percent. That's from the day before the invasion, you saw that we gapped down we rallied back, but from there we're in a net gain scenario, and not only that we've obviously broken out of this trend line. Now a golden question is: will this last that's a great question and here's what i'm personally looking for in the overall market? Here's the 200-day moving average roughly around 446! That's what i'm watching we're currently trading at 444. 70..
I want to see a test and a reaction to 446. if we test that get above it hold above it, especially on a noteworthy amount of volume. I think we are back in a bull phase. If we come up and test and get rejected, i think then we come back down to maybe around 428 - something like that overall for me, when it comes to the market in the short term, this is what i'm watching the test of the 200-day moving average and Just so you know if we exceed that my next watch will be around 458 just to be very clear about what's going on, and just so you know the overall market, the s p 500. It is being shorted currently 19 over the past week or two we've. Actually been seeing the short interest on the overall market go up and up and up i'm bringing this up to you not right now, because could we keep ripping right now 100? Is it guaranteed absolutely not just because we've had four green days in a row that doesn't mean all of a sudden we're gon na rip higher and higher the situation in ukraine and how it impacts? Really everything on a global level is still it's a little bit of a sus situation, so i'm still taking it day by day week by week, i'm not going to say: okay, we're obviously in a bull trend, we're obviously in a bear trend. Right now, we're still in a little bit in the medium term of a bear trend, but i'm watching this 200-day moving average and i will also be paying close attention to what is the big money doing? Are they shorting the market more or are they taking their short position off, or is the market going to be strong, the shorts pile in and then all of a sudden there's an overall market squeeze? There are many many ways this can play out and day over day. Let's just continue to take in the data and try to examine it for what it is and not necessarily try to form it to our confirmation bias in terms of the tech, heavy sector, the queues same thing: we have this 200-day moving average right up here at 368., we're trying to break out a 350..
I want the tech sector to hold 350. If we can, i think there could be a good test of 360 and, like i said i'll, be watching for the 200-day moving average at 368.. In terms of the small cap sector, which don't forget, amc is the biggest equity within the small cap. We already got the breakout at 205..
I want to see the test at 209 and then from 209 i'll be watching the region between 216 and 219. 216 is resistance. We also have that 200-day moving average, but the small-cap sector has been putting in higher lows and we already got a pretty important breakout, at least from early march, so the small cap, like we've, been seeing over the past month the past six weeks, the small cap Sector on a relative basis has been outperforming the tech sector and also the overall market. So something worthwhile to note just so.
You know the tech sector being short shorted at a relative least amount, at least to the spy and the small caps but short interest of 14, and then the small cap sector still an extraordinarily high short interest of 37.5. So that's what you have for the spy. The qs and iwm the overall market, the tech sector and then the small cap sector. Now, let's talk about some individual equities that are making a lot of people, ideally a lot of money, and i hope you are one of them to be very, very clear.
I have absolutely no mulm position and i have absolutely no bbig position, but i want to cover them because i think it's an interesting market news - and i know a lot of you - are interested in it. Making a lot of money so mulan gained 19 on friday, and it's currently up 21 before the market has opened on monday. It closed around 290, currently trading at 350.. These are the levels i'm watching, i'm looking at the resistance of 373 and then after that, i'm watching just below five and then after that, i'm watching six. Please feel free to screenshot this or do whatever you need to. But these are the key levels i'll be watching today tomorrow on the downside, i'm watching 275, and then i'm also watching the gap fill at 178.. So these are my levels of support. These are my levels of resistance.
M-U-L-N is an ev play. Do i like it as a long-term ev investment? No, i very much like tesla more i like loosen more. I, like various other eevee, plays better. The reason i'm interested in muln is because the data is suggestive of some manipulative, potentially manipulative things going on.
In the background, remember, there are these days where we're seeing the short exempts at that point in time exceed the float that should not happen. Mulen to me is in that same bucket of a bunch of retail traders caught on to something occurring that should not be occurring. It's honestly that simple. I hope that the shorts against emulin are absolutely taken to the woodshed.
It's one of these things. People called it out and right now, retail is currently winning, hence the title of this stream. So out of the gate, yes, we will be forming a gap so i'll be watching the gap, basically a two friday's high at 3 20.. But i'm looking for the test and break of 375..
You can watch the whole dollar value at four and then i'm watching pretty much five. This can definitely get going. Mulen. Remember that the short interest is understated because they recently said hey we're gon na give more shares to the ceo and stockholders we have warrants.
We have an equity line, we also uh they basically through a prospectus. They have the potential to do quite a bit of new shares and we don't know if those have or haven't hit the market. We don't know when people are or aren't executing so they're. Just going with the theoretical rate that they have do, i think that they all have no, and my reasoning, for that is the cost to borrow, is pretty high at 13.5 percent and the utilization is a hundred percent.
So i think that the short interest ratio is kind of understanding it when, in reality, let's just focus on the magnitude of potentially up to 16.5 million shares, with a high cost to borrow a high utilization, and on top of that ever since, let's just take this Day march, 4th we are currently up 270 and at open we're up 353 percent. The shorts on a percentage basis are under a lot a lot of pain right now. That's the story with mullin. It's an eevee play that i'm personally not interested in for the long term, but in the short to medium term retail has caught on to it. They really really have, and i think this thing could continue to go bonkers. But a question here is: okay. Let's say you already have it: let's say you're watching right now and you're like. Should i hop in personally? If you have no position, i'm late to the party, that's my opinion.
If you think the party's just going getting started have at it, you could take my statements with a grain of salt. Like i said, i'm not a financial advisor. I can't tell the future, but this is too late to the party. For me, i am not chasing a 300 runner in about three weeks.
That's it's just too much. The risk-reward is not there for me now. Maybe you agree with that. Maybe you're a little bit more like risk accepting and you want to chase it have at it.
I hope you make money if you're already in the position and you're like hey man, i got in a dollar, i got in a dollar fifty i'm up like what should i do? What should my profit target be? What we've been seeing with these types of? Let's call it like crazy retail plays when basically retail is like putting a lot of pressure on shorts, or maybe big institutions are realizing what retail's doing and then they're putting like pressure on their competitors. I would yes, i'm gon na watch these levels. I would watch 373. I would watch this, but overall i would not be hell-bent on saying it has to go to this dollar value.
My strategy would be ride the trend i might scale some out like if, whatever your overall x position is remember, you don't have to go all in and all out at once, it's okay to scale in it's okay, to scale out at key levels. I would be scaling out and then whatever my leftover runner position is i'd, use a trailing, stop loss and i would just ride the trend and as long as the trend is intact, i would have my position and as soon as the trend switches, i would get Out and if you want to be super aggressive, there's a good chance, you could play it back down to the down sound if you want um, so just bringing that up. That's how i would do it don't be hell-bent of like it needs to get to this value and i'm going to sell everything. So i just wanted to bring that up and pretty much similar commentary with bbig bbig, also known as vinco ventures.
A short interest of 16 percent cost to borrow 14 utilization of a hundred. Let's go back over to this ding ding ding. The market is open and i'll continue to talk about bbig. Once again, bbig in my humble opinion, is not a quality long-term investment.
Once again. In my opinion, bbig is not a quality, long-term investment right now. I think it's in a scenario where, if you look at its daily chart, it got a technical breakout and it does obviously have a 16 short interest. I think there could be a crazy amount of pressure on the shorts.
This is not a company uh. The thing i liked about it most was actually kryptide, but they're, spinning kryptide off into its own company, which will trade under the ticker tyde, one of their older other holding, is low motif, which is trying to be a competitor to tick-tock. I just don't see that much traction there and if we're looking at its pure fundamentals, it is losing money and its revenue is not that impressive. It is not net profitable and it does not have that impressive revenue so similar to muln. Bbig is not something that i would be willing to buy and say hey. I will come back in a year five years, ten years and see how this plays out. This is very much in my mind, a shorter term trade. I don't know how long this trend will or won't last, but this is not something that i'm like.
Oh, this is like a core investment that i want in my long-term account to me. This is a very, very active trade bbig. I do like it's more of a technical trade. I would argue that anything it broke recently out of well tried to do this trend line got smacked and we formed this other one.
It's a technical, breakout, uh right now, it's at resistance, it's at three dollars. If it breaks above three, i'm then watching 360., that's actually a level. I would care a lot about uh, but first it needs to hold three and you have to be careful to the downside at 260.. Be careful about that.
It's battling it out right now. Let's just call this three bucks see if it can hold this if it does i'll be watching 360, if it doesn't look for the gap fill down to 260., that's what i would be watching. This is a technical breakout that is putting pressure on these shorts. Let's see what it becomes, i mean the cost to borrow is high.
The utilization is definitely high. This one is a little bit of a bigger float, which means that it will be easier for m uln to move. It has less luggage than bbig on a relative basis, but they can still both obviously move, i'm watching them. I think it's interesting to see how it plays out.
I don't think muln or bbig to me either of them are a good long-term investment, but in the short term there is quite a bit of pressure from institutions and from retail being put onto these shorts. So, let's see what it can become, i have no position in either, but i'm excited to see how it plays out and if you have a position in either i hope you are absolutely making a bag of attendees today all right. This is a lot to talk about today. So where are we amc? I see people commenting that it's above 16.
there's some resistance at 16.25. The next level of resistance is at 16.60. That's what i would be watching on amc, the overall market. It's pushing it up to that 200-day moving average at 446..
So i'm watching that right over here, all right, muln's moving bbig! It's it's battling at three bbig slow out of the gates, just because it's clearly battling it at this level, but muln already ripping up 31 spy, we're about 60 cents away from a big test. In my eyes, uh amc currently battling it out at a key key level of 1625. I care a little bit more about that 1660. 1670 level. So, let's see if they can get there, um we're seeing that cei is up. Five percent uso is up three point: seven percent tesla's up two point: three percent uh. We have a lot of movers this morning. Someone is talking about niall.
What's the deal with niall nile bit nile holdings, a crypto play i'm just judging from its name but another big gap up um. So another one, that's moving. I don't know too much about this. Uh only amc well you're silly, and you must just not like making money, because there's many many opportunities for people who say like only this, or only that.
I honestly think you just don't like money and it's a weird, weird commentary. Um. Some of us do have the capability of walking and chewing gum. I i understand that some of you out there who are like drinking way too much of the kool-aid uh.
You can't you can't, walk and chew gum. You chew, you take a break. You walk! You stop that you chew your gum again. There are many people who have the capability of paying attention to the spy amc, bbig mulin, that's! Okay! Don't listen to these people who uh, unfortunately, for whatever reason took a piece of like bad advice to go all in and now they're screaming about it on social media and really what it is, is they're jealous, they're jealous that they didn't get into mun they're jealous They didn't get into bbig, i'm sitting here, i'm jealous i'm not in mul and i'm jealous that i'm not in bbig.
Those are nice gains. I like making money, there's nothing wrong with that. Nothing wrong with that at all market is popping all right. The spy is at that 200-day moving average right now.
This is a key key level. Let's see how it reacts right here, this teal line. Let me zoom in so we got this kind of reverse, like valley, look and then it really exploded. We got the breakout and we are now testing the 200-day moving average.
This is very, very, very important. Let's see how this reacts. If this breaks and holds confidently man, oh man, it could be an absolutely crazy, crazy day, hey if you haven't already, if you could help me out now that the market's getting going and i'm hoping that all of you are making a stupid amount of money. If you could help me out and destroy that like button, it just helps get this video in front of other people who might be interested.
And if you haven't already don't forget, to join up with the moon gang by hitting the subscribe button. Liking, subscribing completely free, and it's for you, if you like talking about the markets, we have this channel where we talk about equities, futures options on the crypto channel. Obviously we talk about crypto. Sometimes i give fashion advice, relationship advice. This is pretty much your catch-all for any type of entertainment that you need all right. As you can see, the spy is stalling out at this key level. There's gon na be a big reaction. Let's just see who's stronger.
The bulls are the bears this morning shout out to everyone. You guys i just saw it it popped by like 500 likes seriously. Thank you. It really really helps with that type of stuff.
All right, oh did i miss any questions. My apologies, if i did hang on, i think i did shoot. I love all the excitement. I can't work today, thanks for all the months of information, happy to be here: hey matt, can you look at sst chart and see what you think sst? Yes sst? What is this one uh this? What was it like? A spack that just started training once again uh? I wouldn't want to look into what's going on, but super low volume on a 16 stock.
I mean it's only. It's trading 1.1 million shares a day on a 16 stock uh, that's a very low amount of interest. I prefer to be in stocks that people are like very, very interested in, for example, mulin has already traded 55 million. I understand that it's a cheaper stock, but even on a relative basis, if you divide this by four, even on a relative basis, it's still traded more same thing with bbig, it's already traded 15 million.
Its average is 19., that's its daily average and we are seven minutes in and we're pretty much at that muln, it's averaging now 280., like i i just like where the excitement's at i like tracking, like what retail's doing and seeing what's going on good morning good Morning, m-u-l-n-m-u-l-n did we hit my first target right here. We laid this out for you 373, and what did we hit? We hit 383, so that was my first level of resistance, as you can see, be careful to the gap down. There is a gap right here see this region between the high and today's low uh. On friday, we hit a high of 320, and today we hit a low of 335.
So there's a 15 cent gap between the high and the low something to pay attention to, but if we retest this 375 level and break it might be rip city all the way up to 492., the spy is confidently holding the 200-day moving average. Let's see i'm very much watching this, because if this holds, i think the overall market could really get going. Let me know if amc uh pushes up to that 1660 1670.. We have gme hanging out at 92..
Remember last week they had their earnings announcement and though they missed on their earnings per share, they be on revenue, and they also said that their nft marketplace ideally will go, live by june 30th uh. So that's some exciting news right. There cei is currently up by 7 bbig and mulin are definitely the ones that are kind of noteworthy in a positive manner, 27 and 24 respectively. Uh oil is moving once again.
That's up to 77.. I need uso to rip rip rip uh. Some people are excited. Wait where's my prog wait.
Why is prog not on my list? Prog not doing the best uh, so it's up seven percent okay. So this thing gapped up and currently not holding i'm still in prague, hey if there's any questions of what stocks i'm holding in my like active account with all views um. Well, i shouldn't really say active: let's call it it's weird, because the word's the same, my public account, which is on the platform public, remember you can check it out. It's pinned to the top of chat. You can sign up. You get up to 70 of free stock, it's free to sign up. In fact, you get paid to get rocking, with your account no payment for overflow, no market makers. This is where you need to be if you're international.
Unfortunately, they only have us services, but right now the code is matt. You can just go to public.com coors. It's pinned to the top of chat. It's in the description.
You could send a carrier pigeon do whatever you need to, but get away from payment for order flow. We know it's damaging to the market and if your biggest grip is hey man, i don't really care about that. I just like i can't pay commissions. It's too costly, that's cool public is free to trade on you will not pay any commissions uh thoughts on prague this morning, so i know prague has a conference this week right, that's like maybe potentially why it's moving.
It's not in earnings. So look at this. If this is a gap up and then it's a gap-fill, so if you played the gap full on prague like you would have already gapped added that one. So congratulations if you did, but once again it opened higher than friday's high.
So there was a gap created between 1.69 and a dollar 55, and if you played that you already played the gap, though gap bills are very very popular plays and they come to they're popular because they work quite a bit uh. So you could have full-on gap. Daddy that one i i didn't i'm just holding prague prague, even though it's in my public account, i very much think of it as a long-term hold progenity. I'm still in that mulln.
I think muellen might be going for like a gap, daddy type of a thing. There are two gaps: there's one down to a 1.78; actually technically, there's actually three a dollar. Fifty a dollar. Fifty two yeah there's actually a couple gaps to be filled on mulin, but remember it doesn't have to be filmed on day one.
It could take a couple days weeks months. Maybe it happens not at all it's more of you're playing the odds. It's, i would say it's equivalent to being dealt, i don't know. You're playing blackjack and you're dealt two kings, the odds of you winning are high, could the dealer still have 21 and you lose yeah, of course, but it's always playing the odds uh.
You want to take a reasonable bet, for whatever your betting system is and always bet on. What like a good, odd scenario is when the deck is stacked in your favor. That's when you want to take it and that's how i view playing these gap fills. Oh amc is picking up we're getting back to that level right here. I know i have mark 1650, but it's very much 1660 to 1670., so uh amc looking to play today as well we're seeing a lot of green. How is crypto looking right now, crypto, also in the green eth avalanche? I mean all this stuff. Things are looking good today. It is a nice green day.
All right, i like it. I like it. I like it, it does look like muln, i'm looking for that gap filled to 320. um.
I wouldn't personally be chasing it at that level. What about bbig bbig? Obviously oh, wait. Bbig is holding three dollars. That is nice all right.
The longer bbig holds three dollars. The more confident i would be getting about a test of maybe 330 at first as a short-term target, but really 360. uh 330, followed by 360. amc about 10 cents away from its interesting brake region.
Spy curling over it tried to get above the 200, but you got to watch this watch the re-test. Is it going to re-test and bounce, or is it going to re-test and fall watch 446 on the spy? It's a very, very important level. It's the 200-day moving average there's gon na be a lot of big money reacting to it. Speaking of big money, let's see, what's going on, whoa whoa whoa whoa holy sh wait.
What is today? Oh wait. These are all from last week. Okay, i was gon na say why in the world did the spy have so many puts there's actually only one so the first big whale today in the options market is a spy put 445 for today uh and they spent a dollar. Sixteen on i was looking at all these puts from last week, and i was so confused.
I was like okay, but it just thus far one uh and, as obviously as the day goes on, more and more data will come in uh, the spy kind of as expected on attempt one not really holding it. It's very rare on attempt one to break out or break down from important levels. The more important the level is, the more of a reaction, you're gon na see to it and 446 is extraordinarily important. Uh.
Can i take a look at starbucks? Happily, starbucks s, bucks starbucks getting crushed, i didn't know they paid a dividend. Uh hang on. Actually, let's answer this in a more unique way. Um recently, obviously there's a bearish trend, but we're at a key level.
I mean the closer to 80, like your risk, is minimal, you're buying it off some bullish divergence, but let's see what coffee is doing, because if coffee gets more expensive, starbucks should go better. Overall. Coffee is trending upward. Yes, from february.
Until now, there's been a downtrend, but it's picking back up um. Looking at the cost of coffee, i would actually be a little bit bullish on starbucks uh you're gon na find out more with their earnings. I guess wait, why is? Are there earnings so close? I guess it's not i'm just that far zoomed out you'll get more there, but really you're just buying it on like, if you like, starbucks, like starbucks, is something to me that it's growing at an extraordinary rate. I, like starbucks, i think, there's a high demand for coffee coffee's going up. I think this is the type of thing that people, even in a tougher financial situation, don't really cut out. People want their coffee at least that's my reasoning and right now you could get it on a 24 discount to like where it was just kind of chilling. From this recent sell-off um i like buying things on discount, not when they're ripping. I don't know really what time frame you're looking at, but if you're like hey, i'm, i just want to get in starbucks and i'm willing to hold it.
I like this to me: it's a discount and you're buying it in chop, so it might act as some support, obviously the closer to 80, the better, but i wouldn't actively trade it. It's not like the most volatile thing, but i would be bullish on coffee and bros. Sorry, i missed the second half of that bros uh. I believe this is another coffee play right, so this one probably getting a cup and handle so see if it's rejected at 60 and then forms a smaller.
U so here would be the cup here would be the handle. I would be looking for the handle to bend back around and right on the bend background. That's when i would attempt to get into bros um. I wish it was training for a bit longer just so we understood how it reacts to certain situations like there's, not that much data on it, but if we get another push on 60 and it holds - i mean at that point, i would try to ride it Back up into the 70s, all right so right here we're once again watching the spy at 446.
Obviously it didn't hold and look at this at around 9 42 the spy didn't hold look when things started to drop uh at 9 43 that was amc's peak uh bbig peaked at 9, 41 muln was a little bit of a different story, but out of these Amc and bbig this just shows how so many excuse me, uh, equities, individual equities are influenced by the overall market. The market peaked at 9.42, couldn't hold it and that's when we saw other things start to sell. Oxy is running uh remember on bbig. The risk is a downside gapful to 260, and it could be more, but i would be watching this, but first obviously watch the key level of three dollars but two.
What is this high 258 would be a full gap fill on bbig, which is right, i'll mark this out for everyone, who's watching bbig right there, so i would be careful and for everyone who's like just coming in right now. I have no muln or bbig position like whatsoever. It's just there's a inordinate amount of interest in it. So i'm more than happy to cover what's going on and give you my own opinion on it all right, sold on my position, starbucks and bought dutch bros flip flop.
What what do you like more about dutch bros wait? Is oil ripping right now i see more and more oil commentary oxy. This is the one buffett got in. He now owns 15. He loaded up like seven billion dollars. Uh oh xy, like i said before the stream opened. This is one that i would energy place. Oxy um devon energy, exxon chevron, those are ones that i think it's super easy hey. If you're listening right now and you're, like hey ding dong, i don't have that much tied.
I can't watch the charts all day. I have a job where apparently my manager expects me to do something. I'm a teacher in school and my students are annoying and they want me to teach them or maybe you're, staying at home, mom, slash dad and, like your kid apparently needs you for basic survival. Things such as like food um, i get that not everyone is in the position to watch chart over chart, uh or minute over minute on chart over chart.
I think a very reasonable thing for you to do is for this year. Maybe next year invest in quality quality energy plays and quality financial plays and to earn some extra money you can sell some out of the money, calls against it against your core position for every 100 shares you own, you could sell some calls against it and you Can earn that extra premium and if it ends up hitting okay, you minimize your profits, but you could always buy back in if you want, with whatever your profits are, you could always just reinvest back into the stock, but i think that's extraordinarily easy to create a Core energy and or financial position, and then just sell covered, calls against it. Let me check some news: um all right back to some of your questions. What is this one from joseph shout out joseph? What happens if call if i have calls and a stock splits? Okay, that is a great great question.
It's actually a really good question, so let's say you're in something like oxy and you have 70 dollar calls and it expires in. I don't know two months and then at that point they're announced and they do a stock split attempt for one and all of a sudden you're like whoa, like what's going on like how i'm never gon na hit my strike. So, in the weird scenario that you own, a caller, put you own an option and there's a stock split, whether like a normal stock split or reverse stock split. It's a process, that's referred to as uh.
I think it's called being made whole or just made whole. I think it's called being made whole um. That is really besides the point they properly adjust it for you, so whatever the the right ratio is, they would adjust that in terms of like your strike and all that um, so basically there's nothing special. You would have to do and uh if you want to dive a bit more into it.
Maybe you just want to fact check me, i'm pretty sure it's called being made whole, but they do the adjustment. You are not stuck at where your current contract is. If there's a split, they will adjust it accordingly check out fertilizer and agriculture companies they're doing well predicted famines ahead. Yes, so it turns out that russia is one of the biggest exporters of fertilizer and now that everyone's sanctioning it there are serious concerns like noteworthy concerns on more of like a global level of like. What's the overall food supply going to look like, and on top of that now all these, like, let's say u.s space fertilizer companies are ripping. So that is something that you could once again use for a medium to i'll call it a medium-term trade is. I would be looking for ways to benefit off of that of like the lack of fertilizer and there's a multitude of ways that you could theoretically play that, but it's something that is very real. Going on right now, there's a lack of fertilizer with oxy.
I once again need to bring this up indio impp these types of plays they're on the threshold list. They have an extraordinarily high amount of short interest, they're related to oil, gas production kind of like cei kind of like husa. If oil starts to go nuts, there's a chance that there could be another squeeze, am i guaranteeing it? Obviously not, but it's something that you should be paying attention to, especially indo, which is oddly going down right now, even though oil is going up, um interesting, uh, interesting deviation there. Why is everything selling off, because the spy came up to a key key level?.
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