Break or Bust (Stock Market Open)
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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.
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.
Hey um, you pull me right back when i'm falling off the boxing when i'm smoking on it. Let's stress when you bled me with you gets dark when you want to come up. Where did you go you coming? That's right! I'm on the mission vision tripping. I glisten it's getting brighter.
Can you see that too, i'm feeling right to it got ta step to it, shake it like a dice. Do it tell me what your time doing been on a journey for some like a couple days, but it's only been piece of paper pulling me to it, to my amazement, put it on the tongue and the sound took shape half an hour in the system, and I felt real great tonight, i is, is right in the sky, hello, hello, hello, hope, you're having a fantastic tuesday morning evening afternoon night, whatever time it is for you, and maybe, if you're watching this live, if you're not watching it live, i still hope you're having An absolutely great great day, we are about 30 minutes out before that. Bell goes ding ding, ding, ding, ding and we're getting underway for today, tuesday march 22nd, and the market is looking. Froggy looks like it like wants to take some sort of hop in one direction or the other, and i have some key levels that i'm definitely looking at.
We see some crazy movement in nike and baba we're going to cover. What's going on with m-u-l-n bbig lots of movers, even oil had a pretty crazy overnight session, so we'll be taking a little bit of a look at commodities, but before we get into that, we got ta talk about the overall market. Some of the recent geopolitical updates in both in the sense of the fed, what's going on with them, they had some updates and the announcements yesterday and then from there. We have to talk about what's currently going on in ukraine.
Then we're gon na do a little bit of a breakdown and before we get into the specifics of just charting and the short interests and all that good jazz, i have an interesting uh. I guess story a very expensive story about a piece of art for all of you, but before we get into all that shout out today's stream sponsor i'm talking about true trading group. If you want to be more serious about your trading more serious about your investing, this is a great place to get started. You can just start for a three dollar one week trial.
I'm not saying you have to go all the way into it, um but see it, and i i truly truly believe when you do a one-week trial between their education platform, their data breakdown, their live chatting chat room. You might really really enjoy it once again. It's a three dollar week trial. It's pinned to the top of chat, it's also in the description of the video shout out to our partners over there at true trading group.
Now, with all that, out of the way, here's a quick peek at the s p. 500. This is the key key level, i'm watching 446.. This isn't no normal 446..
You might be like, but matt we talk about numbers all the time. Why is 446 so important to you? Well, this number is special because it happens to be the 200-day moving average in the overall market, i.e the s p 500. This is what we need to get into before. The bell goes: ding ding, ding, ding ding, because this is what a lot of big money is going to be watching. Are we going to hold above 446 because if so, i think it could be rip city to the upside? But if we're rejected there, like we were twice yesterday, we might see a little bit more of a downside, particularly back to this target of 441.. So for me, it's all in the very very short term gon na come down to. How does the spy react to 446 and, as you can see, it looks like we're gon na open up right there, but before we get into that? Let's talk about some of these other things. The dow, the s p and the nasdaq are on the green, slightly green, but green.
Nonetheless, oil is going up up and up. Oil is definitely increasing to a noteworthy value and in the overnight session it actually went up to 113 114 came down to like 109. um. I i personally need oil back at 120.
130. 140.. I still am, in those april uso calls now seeing how things have played out with warren buffett at occidental, petroleum ticker, symbol oxy. I do very much wish.
I did this similar play through oxy, instead of uso just to like put that out there, but i'm still fully in my uso call position those expire in mid april, so i still have about three weeks roughly um, but i just want to keep you updated on That oil's coming back, but i i just don't know if i got myself enough time so i'll keep you posted on. If i roll it out or if i get some oxy or whatever i'm doing there i'll keep you all posted uh yields are going up. We are getting closer and closer to that inversion. They were very, very close after the fed announcement yesterday, which i'll talk about that, but before we get into the fed's announcements, i want to take a higher look very very quickly about the seasonality of the overall market.
We are getting close to the end of march right here in the bottom left of your screen seasonally. This is over two decades worth of data. How does the market perform from the end of march until the end of april? It's one of the most bullish periods in the entire calendar year. If you subscribe to the gregorian calendar, i'm not saying you should i don't want to put my own opinions and options on you.
I'm not. I know not. Everyone uses the gregorian calendar, but i am a person who does so. This is how it's going to be anywho end of march end of april, like i said one of the most bullish seasonal patterns now, when you're talking about seasonality, doesn't have to play out.
The answer is no, but it just tells you okay. Historically, if we do get a little bit of a repeat, this is maybe what you should be looking for in the terms of april really end of march. I'm i'm trying to include that final week of march, including the final week of march, all the way until the end of the april we're going to talk about five weeks. It does give me a little bit more of a bullish bias on that five week period. Obviously, absurd things can happen, but it gets my mind rolling of okay. Is there a way? Maybe we could sell, like a put credit, spread and collect that five weeks worth of premium, something like that or if you want to just simply go long on the spy from now until the end of april. Statistically that is a favorable play. So i just wanted to call that out, because we are pretty much in an exciting period right now, i would say the fact that we're at the 22nd - and this is about three quarters of the way through march, like just roughly eyeballing it.
I would say from here till the end of april: remember: we are on a bullish, seasonal trend. I think that's important for everyone to remember now. Let's talk about what happened yesterday, everything was looking good in the overall market. It really really was, and then we were running back up and then right around 12 30..
So we got a push to 446, the 200 day moving average we got smacked and then it was running right back up and it looked to be showing some strength. We had some nice consolidation and then it looked like we were about to go and as we were about to go our boy jay pal, just sniped, the entire market, so the tldr version of what went down was basically, he came in a bit more hawk. He said: hey, we will do a point. Five percent interest rate increase if we need be, if that's what the metrics and the data sources are telling us we'll do it.
People are like. Oh, it's a little bit. Hawkish remember. Raising interest rates helps you battle inflation, but a side effect is a less accommodative environment for the overall market.
So when you're, more hawkish you're fighting inflation more aggressively side effect, not good for the old stonk market, but on top of that our boy doubled down, and he did this through the means of saying hey, we're actually going to start considering our balance sheet normalization over The past two years, they've basically run the total up of like fictitious money that they just made out of thin air to nine trillion, with a t just under 9 trillion. It's like 8.9, regardless, when we're in that realm. Who? Who cares? If you're rounding by a hundred billion, no one really cares anyway. That is very, very like that's, what's been in one way or another, really pushing inflation higher and higher, because they're diluting the supply of literally our fiat currency.
Usd and they've been doing this through buying corporate bonds mortgage-backed securities, helping the repo market there's been various things that they've been doing anyway. This is the situation of where we're at, like just so much money that they've and their balance sheet is in clearly in one direction. It's like they've just been buying buying. Well, they need to run the balance sheet back. This is referred to as a balance sheet. Runoff balance sheet normalization and there's various things they could do actively selling would be very hawkish. You can let the assets mature and just fall off the balance sheet, there's various things that they could do, but this was the first well, they kind of brought it up in early january that they were talking about it january 5th. And if you want to see what happened on that day, you just go out here.
The first time they talked about balance sheet. Normalization was pretty much the day after we made an all-time high and since then, we've just been down trending ever since march 16th. This is the first time we heard about balance sheet normalization anyway. They brought it up again yesterday and their plan is basically to do the full normalization over a three year period over a 36 month period and they have not started it yet, but it sounds like they do want to get the ball rolling this particular year.
So we got two different hawkish things. I would argue that balance sheet normalization was more hawkish than just the 0.5 increase, because there's already been, let's call them dissenting fed members who have already been arguing for a 0.5 increase. So it's not too far out of left field and we have some more hawks and in the fed membership who have already been floating that idea. So it's not that wildly insane, but to kind of get more of these core details around the balance sheet normalization.
I think that's what spooked the market in really the middle part of the day yesterday, but, as you see in the morning, we're already shaking it off so for me: okay, they're, in a let's call it like pricing it in whatever that does or doesn't mean. But this morning in the pre-market, post-market pre-market we're looking strong and we're right at that 200-day moving average. So this is how everything was playing out yesterday with the federal reserve, monetary policy and the fact that all of our money is fake and made up and yada yada. That's why you should probably be getting some crypto anyway fed chairman jerome powell vowed tough action on inflation, which he said jeopardizes the recovery powell said the fed will continue to hike rates until inflation comes under control.
Remember their median target by the end of this calendar year is 4.3 percent, where most recent cpi reading is set in at 7.9. So they want to bring inflation down and could get even more aggressive than last week's increase, which was the first since more than three years. The last hike before the one we just had last week was december of 2018 and the last time we had a full rate cycle we're talking the early 2000s uh. He noted those rate hikes could go from the traditional 25 basis.
Points moves to more aggressive 50 basis points increase if necessary, um all right. Moving on to what our boys at goldman are saying about. This goldman sachs now expects the fed to hike 50 basis points in both may and june. After powell's tough talk he's a real, tough talker, you know this. Is you got ta? Take this with a grain of salt? Does goldman sachs know what they're talking about 100? They have a bunch of fancy schmancy analysts who have less of a fashion sense than me, but they also have a bunch of like impressive pedigrees on their wall. There's many many people who are paid to do hardcore analytics of what's going on that's good, but on the flip side of it remember goldman these other big banks, jp all of them wells fargo they make money when interest rates go up. So could this be 100? Accurate without a buys yes, but it also could be accurate and then they also more than that have a little bit of advice because they want it to be true because they know it helps their revenue. So that's why i'm saying like? Maybe not a grain of salt, maybe maybe more than a grain.
Let's say take this with a good pinch of salt, like multiple grains in there is the level of which i would take this verbatim anyway. They're expecting 50 right here. Goldman sachs now expects the fed to hike interest rates by 50 basis points in both may and june. Fed chair, jerome powell said money.
The central bank is ready to hike rates by a bigger margin if needed. The fed raised rates by 25 basis points last week as it tries to get a grip on the strongest inflation in 40 years. So goldman this june seems a little bit too far out to me. Uh, the fed right now seems to be taking it fed meeting by fed meeting by fed meeting.
What is the economic data saying at that exact point in time, so for them to call it all the way out in june. I just find it a bit odd. Let's, let's see how things are going in, may i mean we're at the end of march. We still have all of april and ah i i think this june call out.
That's the part if they said hey, we really think it's going to be 50 by may. I would say: okay, that's that's pretty reasonable, but once again we got to see how things are going. We have a decent amount of trading days between now and then and remember, there's still crazy stuff going on on the global scale. Zielinski calls for more pressure on moscow.
As ukraine says, 15 000 russian troops have been unalived. President zielinski calls for sanctions to be stepped up on russia. He was talking with the italian prime minister president. Whatever it is, i apologize to the people in italy.
I don't know which, how you guys run it um, then he was also talking with the pope asking for the vatican to potentially, like, i guess, mediate a discussion. Russian troops appear to open fire on ukrainian protesters and occupied cursion according to video footage. Video footage, obviously a very, very bad development. The last independent journalists have left maripool. There was two journalists, and this was according to the ap, no independent journalist remained in ukrainian city of maripool. The outlets reporting from the city in recent weeks was crucial in combating russian propaganda. We were the last journalist in maripo. There was two and now apparently there are none.
So yes, mainstream media is covering this less and less and less, but over there, like things, are still very. Very serious biden warns russia exploring options for cyber attacks, so this is another thing that came out yesterday and it's also probably why you saw somewhat of a run in cyber security companies uh. This is should be not new news to anyone out there uh. We know that russia kind of is like strongly related with cyber attacks and especially for the sanctions that we have been placing on them and other global nations global leaders, but also just like the commentary of russia to us uh and by us i mean just u.s Leaders, u.s corporations uh.
I would be hard-pressed to believe that they're not going to attempt to do some sort of cyber attacks. So that's your quick wrap up for the overall situation. I do want to quickly talk about two companies just because recently alibaba took a massive hit, but now it's actually pumping in right here, alibaba raises as much as 11. After the chinese e-commerce giant lifts its share buyback program to 25 billion.
Why would a share buy back program like an increase in that relate to an increase in stock price, because it's signaling to the public that the people who are internal to the company and know all the company's data and metrics and trajectory are saying we're undervalued, we're Going to buy more of our own stock, so it's signaling to the public that they are undervalued. So that's why we're seeing a pump there and right now, alibaba in the short term, looking good right now right here, it's currently up 9.7! But if you look at the daily chart, it's been seriously seriously beat up in 2020. At one point, it was over 300 and now we're training at 113. so make sure you're, taking the appropriate time frame into account when looking at that also nike had their earnings report after the market closed yesterday, they did very very well.
Hence why nike is looking pretty good in pre-market right now, currently up 5.4 and as the sympathy play, we're also seeing foot locker an increase there and i haven't looked at under armour, but i would be surprised if, under armour isn't also up, if you've never heard Of this term, sympathy play before what it is is when a stock in a particular sector does well or actually underperforms because of a piece of news, and then it kind of you see the other plays within that sector following suit. So, for example, let's say you have an airline that reports. Let's say the first one out of all the airlines reporting in a one or two week period is delta, delta's, saying hey. We actually got a lot more flights than we expected. Things are looking good people then typically say hang on. If delta's doing good, it's not that crazy to think that united or southwest is also doing good, so they end up buying those waiting for their let's say, earnings report and so on. A sympathy play. They end up doing well, but on the flip side, if delta says actually we're like this is messed up, but we got way less flights than we thought we would or there was this issue or that issue yada yada, all of a sudden that comes out of Their earnings report, and then you see a sympathy play also in southwest united.
They go down. So that's the general concept of the sympathy play is news, for one company ends up impacting uh, let's say related companies in a similar manner, uh and the term that we commonly use for that is sympathy plan. Five things to know before the stock market opens today, tuesday, march 22nd wall street looks higher after breaking multi-day wind shrink. Once again, i am mainly watching 446 on the spy.
If we break above that and hold i'll probably go long, if we can't hold that like yesterday, i might play it back down to 441. ukraine. Retakes, kiev suburb biden says putin against the wall um, and this is referring to and many strategists, not just biden, but it seems like there are many strategists who are saying putin got into a situation he bit off more than he could chew. Basically, he expected this to go much more rapidly.
He expected the russian troops to be much more efficient and he expected ukrainian soldiers to put up much less of a fight, so this is becoming a logistical nightmare for the russian forces. Nike earnings boeing crash probe disney walkout, so we talked about no nike. We talked about boeing yesterday. Unfortunately, there were no survivors in that plane crash in china, and then we also have some new disney walkouts and we're seeing a little bit of a downtrend here continued in disney alibaba boosted stock buyback program to 25 billion.
That is quite a bip elon musk to open, tesla long delayed new berlin factory. A lot of this just had to do with like regulatory like form type of application issues, but now uh. This should really help ramp up their production. So uh, if you are a long-term tesla bull, which i just want to quickly remind you, i do own tesla in my long-term account um.
So i'm i'm happy to hear this and that's something that i more than proud to hold for years and years and years now for a little bit of break from the old stonk market. I just think this is wild christie's to offer a marilyn monroe warhol for an estimated 200 million proceeds from the sale in may of shot. Sage blue maryland will benefit the thomas and doris amen foundation, zurich, this right here, 200 milli. Why? I thought this was so particularly interesting is, over the past year, a little bit more than a year at this point, we're commonly hearing a discussion of fundamentally overvalued or just overvalued in a sense, and i've talked about this, but i think it's important to when we See examples of this in real life discuss it a little bit more of value is in the eyes of the beholder um. So right here do. Would i spend 200 million dollars on this picture if i had 200 million dollars? No because it's not worth it to me, but also does that matter. If someone out there is willing to spend 200 million dollars, it's whatever the highest buyer and the lowest seller is willing to do. That is how prices are created.
So, let's think about this through the lens of particularly what the apes, the ape stocks as mainstream media would refer to it, the meme stocks, it it doesn't matter. There's no rules in the stock market that, like hey your earnings per share, is this your revenue. Growth is this: you need to be trading at this value. That stuff is a guide, but it's kind of a disconcerting thought when you realize that the entire stock market - it's exclusively perception, there are no rules ever of what a stock could or can't be trading at.
That's just not how it works, it's what does the market and when i mean market i mean all buyers and all sellers from everything. I'm talking retail institutions, high frequency traders, market makers, that's the entire market, it's what the majority of them agree on. It's the highest buyer and the lowest seller. That is the price there's no rule about any of this, like value, is a very deeply philosophical.
I guess discussion to some people out there, this painting's worth a lot to other people. It's worth nothing, it's not worth the canvas that it's on, but then i think you could apply this also to the world of stocks and futures and options and crypto to you. Something might be vastly undervalued to other people. It might be vastly overvalued.
The question is: what does the majority, what does what's the perception of the entire market, because whatever the majority says, that is what something trades at, and it's so interesting to me, because these people with fancy pedigrees they're, always telling you overvalued overvalued overvalued for the particular Stocks that the apes are watching well, is it overvalued if it's trading at that to me it's just this overvalue undervalue thing, the the answer to it is it's just that's its value. That is what the market, that is, what market participants are currently saying. It's worth. So i, when i saw this this article, i just wanted to share it because to me, there's really not too much of a difference.
Things have value, and some argue more, some argue less, but when it comes down to it, it's as simple as this who is the highest willing buyer, who is the lowest willing seller? That is the price and sometimes there's a little bit of a gap there and in the world of stocks you might have a midpoint training and we could get into the details of that. But this is how things are priced. This is how markets work. It doesn't matter if it's the art market, it doesn't matter if it's the stock market, it doesn't matter if it's the cheese market. This is how markets work. Now i just want to share that. I thought it was cool. Hang on.
Let me get out of all this good jazz and then, let's take a look at some charts. We have about eight minutes i'll, try to run through it quickly to answer any of your questions, so the overall market, the s p, 500. The short interest has actually been increasing. We are slowly but surely edging up to 20.
The tech heavy nasdaq is at 14.2 and then the small cap sector, sorry, is currently at da da da da almost 37, so that was actually coming down a little bit more. So the queues have been flat, the small cap sector has been going down and then the spy has been going up in terms of short interest now muln, i know there's a lot of people who are still watching this coming in at 3.1. Remember. This is a bit wonky and i don't really use it it's because of the um recent filing that came out where they're like okay.
Well, we don't know if these warrants and units are like exercise upon um. So what i care about is what's going on with the utilization, what's going on with the cost to borrow cost of our still high at 17, but the utilization actually kind of dropping a little bit we're now down to 79. So i'm interested to see how this will update in the morning in terms of bbig short interest of 16.7 percent cost to borrow 14 and a utilization of a hundred percent. So this is definitely one that could clearly clearly move, but for something or like muln or bbig to really really rip.
I would first look for the spy to get above and hold 446. It's more of a headwind, tailwind type of an argument, but if muln or bbig are running into serious headwinds as in the spy falling, i don't think they'll perform as well. So i think, there's going to be a lot of rhyme and reason with how well the spy is performing in terms of amc. Why did this reload the current short interest, a hair below 21, the utilization still jacked up at 100 and in terms of gme? The current short interest is coming in at almost 22, so we've been seeing a slow but sure grind in the short interest of gme, and if you missed it last week they had their earnings announcement um.
Unfortunately they missed on earnings per share. They beat on revenue, but they also announced that they believe the nft marketplace will be out by june 30th of 2022.. Now, let's talk about some quick charting overall, i'm looking for the break and the hold of 446.. If we get there, i'm then looking for a push to somewhere, it's really between 450, which is the key psychological level and then the key technical level of 452.. So let's split it in half and call it 440. 451. Excuse me. So if we get the break above 446, let's roughly watch 451., if we get smacked at 446, i'm then watching for a re-test of 441, which is the recent high from march 3rd.
So that's what i'm looking at at the spy and you can generically apply that to the queues. The queue is also trying to break out. It's not at its 200-day moving average, but it's a clear level of resistance and then, from there i'd be watching 360. and in terms of the small cap sector we broke out.
Unfortunately, it didn't hold, but as long as we stay above 205, the longer we stay above 205, i would argue that the small cap sector is indeed breaking out and from here my next target would be 209 now, the other ones. We have up the spy. Looking strong nike, i'm curious how that's going to react and baba. These are some of the biggest gainers in pre-market right now, nike had a very good earnings.
Alibaba they announced uh in a increase to 25 billion dollars in their share buyback oil had a crazy overnight session, like i said, ran right up to what 113 and some change currently trading at just below 110, so i'll be watching oil throughout the day for sure. Actually, i want to throw up tesla as well, just because of the updates of coming out of germany uh. We could definitely be seeing some volatility there, as i switch over these charts to the one minute um. If you guys could all help me out, it would be greatly appreciated if you could all absolutely murder destroy annihilate unalive, whatever you want to call it.
The like button that very very much helps me out and gets this video in front of other people who might be interested um and if you haven't already of course subscribe. You can watch this on rumble. You can watch this on twitch. You can watch this on youtube, whichever one you prefer make sure you're either subscribing following their subscribe, follow on all of them all that stuff, but i just wanted to shout it out because i know there's some people who are like okay, hang on.
I need this app open and if i shut down this app, this one doesn't work, so i figure it's safest, especially because you can easily get kicked off of these um at a moment's notice. It's really just a risk inversion thing for me to be on multiple platforms: um, that's what i have for you and now i want to turn over the last two and a half minutes. If there's any just like important questions that you have before the market, uh opens, let's get to it good morning, sir, could you share your thoughts on gme costs of borrowers shooting up 19 to 25, as reported by ortex interactive brokers, especially with reverse borrow rates? Nearing 10 um, so i'm seeing a current reading of a max of 14 and a higher of 11., but this to me is kind of in line of what we're seeing on muln um. We know that this is a little bit of a lower float one. The utilization was maxed out, that's at 17 and then we're seeing bbig at 14.. The one to me, that's odd, is amc. I'm seeing gme in line with muln in line with bbig the one that i think's, like the odd duckling here, is actually amc. It's odd to me and i get mathematically how it could work, but it is definitely a rarity to see amc continually sitting at 100, but the cost of borrow not exceeding two um.
When i see gme uh, i'm seeing a reading of 11, but it's it's in line. Uh people are calling out input. Here we go imperial petroleum just to give you this data still on the threshold list. Short interest of 37 percent cost to borrow 233 utilization.
Uh 100 shares on loan 6.82 million impp indio. These types of plays are uh like it's a powder keg and the powder keg like the match to it. It could explode, but the match to it is oil going higher. I want to be very, very clear about that.
I think they can go absurd, but they're not gon na that i don't see it playing out unless oil is going back to 125. 130. 150. 175.
Something like that. So i'm watching these. I have no position, but i do think they can do something truly absurd uh. We just have to wait.
Uh e.t, stop spamming or you're gon na get banned, shorts, update thoughts on imp, um, okay, yeah. I kind of front ran you on this this one to me. I kind of i want this to rip just because the fact that it's on the threshold is why are there so many ftds like it's this little part right here. That gets me most intrigued.
I'm like okay, it's in the world of oil. We know there's a supply crunch and an increase in demand, but then, through the data that we're seeing in the stock market, we see that it's also on the threshold list. As in it's had a consecutive amount of fail to delivers at a noteworthy percentage of its overall float, ding ding ding ding, the casino is open um. So with it it's a powder keg, indo h-u-s-a-t-u-s-k.
All of those they really are a powder keg, but first you need the match. It doesn't matter. If you have an entire keg, an entire cauldron filled with like gun powder. You need a match and the match in this scenario, is oil ripping to kingdom? Come the casino is open.
You know what we'll do today, just because i'm having a good day, oh after we watch market open, i'm going to play a song right here to get everyone jacked up. But after that, i need to quickly share a story with all of you and let me get going here spell like you can't even count to 10 and i eat crayons. Every day with my friends, i think about kenny in his ivory tower shaking in his lilly bones, as the eggs of a power must suck to lose two monkeys so dumb. But you made your bed and you got nowhere to run i'd love to be a fly on the wall when he makes the price fall and he's watching as we keep on more.
You forgot we're on the floor. Blind two hours old, like stop breaking the law. Give us money, we don't need another fan, because we huddled through hard times give us the money shout out to the grillionaires. That's the name of the song is show us the money. Once again, the name of those musicians is the grillionaires. The grillionaires shout out shout out always gets me, always gets me jacked up, you know how it is always gets me jacked up all right. What is our market going to be doing today? What is the market going to be doing today? Are we going to hold this 446? It's doing something tesla's, looking good gme? Actually, one of the biggest gainers on my watch was actually tesla and gme tesla's. Looking strong right now, uh amc, also in the green currently trading just below 16, would love to see the break of 1625, followed by 1660 1670.
That's kind of important level there um interesting, interesting interesting. I see hang on what is going on over here, some people. I need to quickly ask of all of you particularly on youtube. Are you not getting notifications today? Uh we get some people calling out m-u-l-n how's that m-u-l-n back above three could get going um, but a couple people saying they had a tough time.
I did interesting looks mixed. I did not uh, it seems like 50 50.. It doesn't show that i'm live either. Why is it mixed? I don't see the stream on the front page like i usually do.
Okay uh. It sounds like we're battling with some issues over here on youtube today, so um, more importantly than normal. The only way we could fight back is increase that engagement, destroy the like, let's jack, that up to 2k. That would be awesome and then, on top of that um, let's all see some.
I don't know some like diamonds in chat or something that gets that gets people going hey that gets people going, call them diamond hands, don't trust everyone, man! You are good uh. I wonder if it's just cause, like i'm posting too much content so uh, you might have noticed over the past week. One thing that i've been doing is uh more of those like they're, literally called shorts, and i'm posting them on tiktok and also on youtube. Uh, have you guys been enjoying those uh like yesterday? I did an oil one like my top three oil plays.
Is that some something that all of you find like? Do you enjoy those types of things like the the sub one minute types of videos, or do you feel like it's too short and you like more of like the eight minute type of a video um? I definitely will be relying on you because i just want to create the content that you enjoy the most. I have a tick tock yeah matt kors. One word i think i think i'm just matt kors. I see some yes anything for you, daddy halifax, 10 months.
I appreciate that too short. Yes, both they're good, don't always have the time. Okay, yeah. I think it's kind of interesting in a certain way.
All right, i don't want everyone to like freak out, but what's everyone's thoughts on doing in within a day the three types of content a morning stream of like, i guess, not a power. Well, it might be posted in power. Okay, a morning stream, a later on vod like that, eight to 10 to 12 minute type of a thing of like the hottest thing and then also like an evening short so like just hitting all three a longer stream, a normal length. Video vod, like a video upload and then an evening short, i i was thinking about that and i was talking about it with my team and i was like well. It might have like potential, but so when people say only streams. The issue with that is only streams. It's good when stuff is going crazy in real time, but then there's a lot of people because of time zones or they're at work or they miss it and then like it's, not there's not too much of a desire to go back and re-watch like a two-hour Stream of the market open when the market for the day is already closed. 24.
7. You can't quit one option. Breaking news match shorts to youtube. Don't overwork! I have no qualms with overworking.
You know you can stream live to tick-tock i've seen people get 15 to 20k doing weird, like cleaning their bath, wait what you can stream on tick-tock. What am i doing on youtube in rumble and twitch? I just want to hang out with all the cool, gen, z, kids, okay, fair point about people who can't watch dreams. Those folks deserve some love too. I didn't know you could stream on tick tock, maybe i'll just exclusively go over there.
That's a joke! That's a joke: that's a joke! Amc above 16. how's bbig doing this morning coming down uh on a relative basis. I do like mul and more than i like bbig uh. How is warren buffett doing today down one percent which might seem like nothing, but when you have seven billion dollars invested one percent uh? What else do we have? What else is moving today? Actually gme is picking back up.
Gme is making that move for a hundred whoa back to those core investments. Uh love the vibe content too, doesn't matter the length to me just when it's different fresh content, not in the streams gotcha. That's fair, very, very fair. Warren buffett owns oxy yeah.
He owns almost 15 of it. He's been loading up on it over the past two weeks: uh seven billion dollar position, roughly just under 15 of the company oxy, it's a classic, like, i guess, energy oil type of a play, all right the spy. What are you doing today? I think it'd be reasonable to come back and test this 440 640. Just that was quite a bit of a pop there tesla taking a little bit of a breather.
Let's see if this holds jimmy's just looking beautiful gme, it is a little bit of a lower volume but hey. I i still like the slow and steady grind up to a key level of 100 oil coming down uh just below 110 tesla getting smacked at 9.36. Amc made a push above that 1625 level, currently at 1609 um, so it ran into resistance and obviously uh you're, seeing the reaction in real time. Let's see what's going on with finviz, let's see if they updated anything for us, apparently not yet. Maybe they do that. A half hour into the day crypto has been ripping uh. We're definitely going to be talking about this on the crypto stream. If you have crypto if you're interested in crypto, if you just want more moon game content, crypto stream happens at 2 p.m.
Every day monday to friday - and we also do a later sunday evening - stream, all based on et but crypto - is move and move and moving out of my own curiosity, like how many of you are actively involved in any crypto, whether it's uh btc, eth, doge, sheba Solana, avalanche apecoin any of that um, because it's just ripping right now, like if you're looking at your crypto portfolio, you're gon na have a big old, silly smile on your face, a big old smile and we're seeing the spy just move. Yeah. Look at all that, like you're check out your crypto portfolio today, you're going to be happy you're going to be a happy duck. I honestly, in a certain way i feel, like i find crypto to be a lot less stressful, because i know it's a long term.
Like i don't actively trade crypto, i'm just in it, i buy it and then i sit which, for whatever reason it really does, i don't know alleviate quite a bit of the stress quite a bit of the stress. The spy looked like it wanted to take a breather, and it's like nah we're running today. Oh speaking of running and strength, and all of that um i want to take a a quick commercial break in this. Particular commercial is brought to you by my life, so there i was up at the crack of dawn.
I got over to the gym and i didn't really feel like coming up with a lifting routine today. So i was like oh i'll. Do the hit class with all the people taking today's hit class and the coach of this particular class this morning? The name is terry, so terry is kind of going through all the explanations of do this do this. This is how the rounds are going to work.
Blah blah blah just like getting ready, set up for the class, and there was three different stations, and i was in the back station to start, and this back station involved like one of these big weighted balls so and like they were going to be used for A variety of things of like you, squat and you push it up. You do slam balls, you did some burpees with the balls like. There was just a lot of exercises in like the first circuit that i was at that involved, this ball and they're. Depending on who was doing it.
There was a variety of weights, six pounds, all the way up to 20 pounds, and the people around me already claimed the 16 pound exercise ball and the only ball left over was a 20 pound exercise ball, and i was like okay, that's fine like i can Squat a 20-pound ball like i could do slam balls. I could do these burpees like it's, not that much of a problem and as she's demonstrating terry, the coach comes over and she's explaining it and before she started explaining it she's like is this yours and i was like she's like no. I was like wait. What she's like you're gon na, want to need a lighter ball. I was like something of my just visual, like i guess, appearance. She's like this kid cannot do. It. 100 will be unsuccessful to the point of in front of the class she's like no.
No, no. No, no you're gon na need a lighter ball and i was like what so you know me if you've been here for longer than 15 minutes. You know that i am one of the most petty people. You will ever meet folks.
I will have you know it. I at least for the first circuit, i'm not going to sit here in line said. I push myself for all three circuits because, like i i'm just not that kind of a person like fitness is life. No, that's not me, but for circuit one, because there were no other balls available.
I was stuck with the 20-pound ball. I frozen. Oh, they got me youtube got me. Am i still on twitch? I am still on twitch and i am still on rumble.
So this is just a youtube problem. This is not me, it's stark, why is it frozen um? I don't know what's happening, it's just youtube's. Having some problems are there other streams? Am i back, i think i'm back rumble and twitch not having an issue. Hey shout out trey famous eat.
All right are we back? Am i back live nope looks like we're freezing again. Well, this is fun. Uh youtube. Youtube is not receiving enough to maintain smooth streaming yeah, but that's not me, come on come on youtube.
Do what you're supposed to do if this is uh too much of a nuisance, you could always come over to twitch.. You could always come over to rumble. I think i'm back, let's see if this really, ah am i back. I just want to make sure we have consistent streaming, so i can share this story with all of you.
I think i'm back, let's give it the old reload to see what's going on here. I want this to be well known that this is exclusively a youtube problem. It's not my stream labs. It is not on rumble.
It is not on twitch. This is youtube. Okay, i'm better! All right, i'm back now! Where were we in the story? Oh so, if you've known me for longer than 15 minutes, you'll know that i am one of the most petty people you're ever gon na meet. I don't think i've pushed myself so hard.
I mean i was a matt fraser, tia tumi level athlete this morning. With that 20-pound ball. I was doing whatever i needed to do and then like. I was just crushing it and i did it out of just the fact that hey um, like dude, like you just don't tell me what to do like i'll work out harder to prove that you shouldn't tell me what to do, and then i thought about it And this is why i got discouraged in circuit two in circuit three and i'm like whoa whoa whoa. What, if terry, is such a good coach that she knows that that's my personality and she wanted to get the most out of me. She possibly could so she said something that she knew i would be interpreting as offensive and derogatory and then all of a sudden i got angry that she, like like kaiser so said me. I was like she's so in my mind right now that i don't even know what to do so, then in circuit two and three i worked even less because i was like no way are you gon na trick me into working out harder. So, as you can tell i've had a pretty emotional morning, it's been all over the map at first i'm working out, because i think she's telling me that i can't finish it and then i'm thinking well.
What if she knows me that well, which in reality i don't know if she would but like if she's, that good of a coach she knew how to extract like the effort out of me and then i was like well, i don't like the fact that someone's, Like in my mind like that so much so then i started working out less and i don't know i don't know i don't know, but i do appreciate you or any of collectively this entire group of being my my therapist, and maybe you could all just do The breakdown of like what does that mean out of me all right looks like they fix, whatever the hell is going on gme making that move to a hundred a hundred a hundred, a hundred uh. If you need uh just give youtuber a quick refresh as of 9.50, all is good. Hey! It's 9! 50 right now. If everyone could just do a quick refresh, i'm sorry, if you missed the full story, it was a good story: tesla not holding that 936.
The spy all right, if we can't hold this 440 60 - i do think we'll be getting a re-test, and this will be the interesting test of the day. Are we going to hold 446. guys are so sad not to be messed with? What's going on primal? American? All right, i can't say that oh, but speaking of uh rumble i um. This is just making me think about alternative media guess who got approved.
I think someone heard me complaining about not getting approved on truth, social and your boy got an account. I don't know if you could see this, but how do i see my own profile profile profile? Your boy is officially on true social um. I haven't messed around with it that much it seems from a business perspective. I.
What can someone explain the difference to me between getter and true social like won't? They be stepping on each other's shoes in terms of like a business like both of them are just basically saying: hey we're not going to censor you the way twitter does, but overall we're going to say, have the same twitter functionality. So doesn't that mean that true, social and getter are like in direct competition with each other? Unless i'm - i don't know i got onto it, i got approved. I guess i should make a getter account, and so i could compare it, but if they are in direct competition, that kind of weakens the case for dwack. But i need to do a little bit more of my own research. A little bit of my own research on that one some people are saying is mullen continuing to move trying to recapture three dollars bbig coming back around to 295.. I wonder if mullen's going to get rocking today, oil down to 109 23 per barrel, cei down tesla, just barely green rumbles up cfvi uh, we'll keep up mullin for a hot second. I know a lot of you are in mullen means you're, thick dude, they're, trying to capture angry right wing money. They aren't trying to provide a legit service, richard stevens.
Are you on it? Because, if not, it sounds like you're making, potentially an investment decision or non-decision based on a political bias, which i mean this is in no way political to me. It's you get on the service and see if it's a good or a bad service, and then it tells you if you could go long or short and then, if it's like middle part of the road, it's not a trade, but overall, this is this is research This is dd, and this is what i try to uh harp upon is in gme above 100. By way and amc looking pretty pretty good mullen picking up too, you should not let a political opinion get in the way of a trade. That's it's that simple.
You can get on true social and you break it down. You're, like is this a good piece of software? Is this a good piece of social media? If the answer is yes, you can go along on dwack. If the answer is no, this is doomed to fail. Then you could go short on dwack.
This is like one of the easiest forms of dd and research. We possibly have you just get on it and the same thing with getter, not that that's like. I don't believe that has public exposure um, but with social media. You just get on and you see if it's executed upon well, and i also have 20 followers on it.
So it makes me feel good about myself all right. The spy is successfully holding above 446 and right now we have a bit of a wedge a bit of a bull flag, lower highs, higher lows: let's see what holds is 446.60 going to hold, or are we going to break above 447.40 uh? Let's see, let's see, let's see, amc having a good day gme having a good day muln having a good good day. Mulm is trying to go about nine, more 10, more cents, seven more cents to get break even, but this is a strong push off of 283.. We're seeing some green green green, don't forget your cappuccinos.
I was um. I think it's. My second sponsored tweet this morning from the big cappuccino industry spy. Is it gon na get going? Is it gon na get going uh? Someone is asking me to check nano dimension.
I think that's nndm, isn't it yeah? This was one that was like a hot topic for a second and the fact that it's like coming off of its prices. It kind of lost its steam. It's not even really that heavily shorted like it's shorted, an abnormal amount, but not it's not above 10, it's at 8.9, currently how's the indo indos down on the day, imp that one's also down on the day cei coming down a little bit because oil is retracting, Is actually sub 109, but let's see if that can base and do anything. How is gold looking gold chilling flat uh it just as you can see in the rsi just like was way way too overbought right here had to take a natural breather. I think i think gold's still pretty valid if it stays above 175. all right, the spy is perking up still looking strong mulan. Looking strong gme battling it out at that key level of 100 amc is trying to stay above. Resistance now, ideally turned into support.
At 16.25, so with all that being said, we're almost at 10 a.m. Let's see well, first of all, crypto still ripping congrats to everyone in crypto. Let's see what wait where are do? Where are my whale trades? Where are my whale trades thus far this morning? Uh for 322, the first thing that we came in at least with my filters, is a hundred and sixty thousand dollars against the nasdaq against the queues jamie, trying to hold a hundred the spy looking good q's, looking good small cap is smoking right now. Iwm.
Look at the small cap sector uh the resistance. There is 209. i'll. Give you a sandwich.
If you check riot uh, i love sandwiches riot, i mean this is going to benefit off of the push in bitcoin riot is a bitcoin miner um just so you know, mara holds more bitcoin um. If you, these miners, a lot of when they're mining like they're, increasing their own balance sheet by just keeping the btc that they have. But if you look at a relative comparison, riot does hold less than mara in terms of the miners that we talk about. Uh mara holds the most uh just so you know, but really they're gon na most likely behave in a similar manner, riot's currently up eight percent.
How much is mara up 10.4 remember, morrow does hold more um, so just wanted to bring that up, but these miners they're gon na, if you overlay a lap with bitcoin they're gon na look very very similar recently in november bitcoin spiked at the all-time high sold Off and then was consolidating, this is classic accumulation and now we're trying to see if we can break out of this accumulation phase. This is really a perfect. Almost a picture-perfect example of why cough white cough accumulation. I will kiss you if you check upst, you know a sandwich and a kiss.
What else could a man ask for so weird uh upst had a crazy run came down we're at a strong region of resistance. I would like this more for a medium to long-term hold, not really actively training it, but your risk i would be risking 77, like we had a little bit of resistance, a gap, support, support, support support. You have to be careful about the gapful down to 63.. We do have this gap from march of 2021 a year ago, but right now it's range bound you're playing the range between 75 and 160. It's a wide range but arranged nonetheless um the closer to the 60s 70s. You can get it the better you're, just lessening your risk, but i'm not actively trading this one, but i think it would be awesome if you could get a lower wrist position and ride that get the breakout above 160 and try to ride it back up to 308, but obviously that's going to take a bit of time on most earnings announcements. This stock does well, it had one where it got crushed pretty hard, but other than that.
is anyone buying shares in nio just wondering if I should invest in that company
The whole value conversation falls apart when you realize the corruption and manipulation in the markets can alter the price greatly. So then it's not the majority deciding the price but the institutions, companies and politicians. They move more money than every retail investor combined in certain assets.
nice song
RIP stream π