So, oh folks, i had a couple too many cinco de drinkos last night. If you me, if you know what i mean, it's boy's on the struggle bus a little bit, i'm a little bit on the struggle bus. So i'm gon na kindly ask everyone to use their inside voice. Do i look okay with this? Can i wear glasses with the gap daddy shirt yeah, i feel like it works today, um yeah, so i had too many cinco de drinkos and i'm feeling unwell, unwell, unwell, unwell, so no yelling.

Today, everyone inside voices inside typing sounds um. But honestly, i don't even know the light sucks i feel like it's not noisy. I feel, like my stomach. Just is awful um, but hey it's still friday.

We still have to make some money. I hope you made money yesterday, because the sell-off was kind of an easy one to get some money on, and i think we might be seeing a continuation today team, if that's what you're like hey. What's that? Guy with the glasses and the gap daddy's opinion on the market. Today my opinion is down.

That's my opinion down um we're gon na get into some of the important numbers that came out this morning. We should be talking about the unemployment report that just came out. Uh, we saw a burst of volatility at 8 30 this morning right when we got that report. So we'll talk about that and we have to talk about some other things and then we have to talk about some other things and then we'll get into some of that other stuff and then we'll say some things and then the market will go ding and ding Ding and then we'll talk about some other things, and then we have to talk about that and then we'll keep doing that until about noon.

So that's the plan. The plan is talk about stuff mark. It open make some trades make some money talk about stuff and then we'll do that till noon. That's the plan for the day, so i hope everyone is ready for said plan.

I see a lot of people already asking about vinco ventures: aka bbig i'll be explaining what in the world is going on there uh. It is up 30 percent in pre-market, so we'll be getting into what in the world is happening with that as well. So we got some stuff to get into in hindsight, more profitable and easier to exit spy play from yesterday, 1k of 423 puts or 1k of four templates when spy was 424 both exiting at in hindsight uh in hindsight, you would have made more money off the Ones that at that moment in time, was farther out of the money, because the odds of it. If that's, what you're asking for whip whip a snapper, if you're saying you put 1k into 423 or 1k and a 410 and you rode the spy down, you would have made more money off of the 410s uh or i don't know if you're asking me that I'm confused my vision, i'm not reading it well this morning i don't know your question, but it sounds like you made money.

So congratulations. Congratulations! Now. What do we have to do today? Uh? What are we doing? What are my show notes? Who can some can? One of you run the show today and just tell me what i'm supposed to be doing. What are um hey, let's get over to this, let's switch it over to the show, make sure you are showing a bit of love to block folio aka ftx.

If you haven't already sign up, it's pinned to the top of chat if you're looking to get into this dip in the world of crypto and you're like hey, that's a pretty cheap price check out blockfolio check out their main platform. It's in the description, but the blockfolio link for the phone app is pinned to the top of chat. Now, let's take a look at how bad things are, the dow, the s p and the nasdaq are in the red and the red and the red oil up. 109, but the crazy thing is look how absurd yields are.

We've been watching it at like what 2.5 2.6 2.8 2.9 we're now up to 3.1 bonds are getting decimated, yields are ripping through the roof, and this is this is huge. This is not good by the way in terms of the bullishness of crypto and equities, as this goes up, we're most likely going to see more downward pressure and that's surprise, surprise what we saw clearly in like the spy, the russell tesla, we could look at the Nasdaq things are getting beat up and right now, you're just seeing oil and yields pop, which is definitely putting more of the bearish pressure to the downside. This came out this morning. Job growth accelerated by 428 thousand in april, more than expected as job picture stays strong.

So there's actually a little bit more information to that and one important thing once again. This came out at 8 30 this morning and i just want to show you what the actual report was right here. So we added 428 000 when the consensus was 400 000.. Unemployment is up a little bit a smidgen to 3.6, with the consensus at 3.5.

What i think is actually more telling is the hourly earnings is up 0.3, but the previous ones, we've seen, were actually all increases of 0.4, so the average hourly earnings uh not up at the same rate that we've previously seen it. So when all of this came out, look at what happened 8 30. at first it came out, and i think it was actually my initial gut instinct was people saw that the unemployment was higher than expected, which would show okay, maybe the, even though it's still its Magnitude is very low. The consensus was 3.5, but it came in at 3.6, which kind of had that vibe of like okay.

Well, maybe that's going to not allow the fed to be as hawkish as they want and, if they're not being that hawkish i.e being a bit more dovish. Well, that's a bit more bullish for the market. Obviously, that was very, very short-lived, very, very short-lived because it seven minutes later it just started, selling off and now we're at this key level. The big watch of the day is going to be 4 10 and some change.

Let's just call it. 4. 10. 50..

It's like a little bit higher than that. If the spy breaks below that, i think we are selling all the way off to the 404 or 405 region and then that's the next major test. But we got to watch this level and then obviously we have to watch this 4. 13 36 level um.

But this is just the key watch of the day of. Are we gon na hold this yes or no um, but i just want to let you know what was with the burst of craziness right at market open, and these are the things you need to know before that market does open. Today, on friday may 6th um wall street is set to drop after worst day for dow nasdaq since 2020.. The dow cratered over a thousand points for worst day in nearly two years as tech stock weakens wipes out the fed rally.

I would argue that that fed rally was completely bs anyway, and it was more of like fomo, some some of the market shorts getting squeezed, and i think it was like clear that it was going to come back down and now we just completely undone. It economists expect um weird typo there another month of strong jobs, growth in april and actually that very much delivered, but once again unemployment off by a little bit. But my biggest concern is actually the slowdown in the hourly increase for wages. Hourly wage increase not as much as it has been oil jump says.

Eu considers russian crude sanctions, so natural gas and oil are getting into a pretty tough position. Hungary says an eu ban on russian oil could be a nuclear bomb for its economy, as it derails embargo plans right now, you're seeing oil ripped to the high high heavens and once again it's just lower lower supply um. If we go to the daily chart, here's what's been going on recently. It got the trendline breakout, it failed bounced off off of a triple bounce off of 95, and now it looks like we're.

It's just a double bottom scenario, triple bottom scenario. If this pushes 110, i would then be watching 116 and after 116. I would then be watching 130.. I have said this since the start of the year, but then, especially since the whole russian ukraine debacle really got going, i'm i think one of the easiest place for the remainder of the year is being long on energy, just because i think these costs are going To continue to go up, there was a bit there where okay, it came down.

People like all right, no, that's it, but then on the breakout and the fact that there's still people buying it and still we're seeing stories such as this. I think energy, natural gas oil all continuing to go up that will as just a human on this planet who has to pay bills. That will be a bit painful, because that means all of your bills. Those utility bills are going to get more expensive, but in terms of the market, i think there's going to be a little bit of alpha that could be captured if you choose to go long on energy plays and obviously hungry, not the most stoked about it.

This chart explains why moscow could turn to china to ramp up oil imports after an eu embargo, and basically it's just saying the inventory is kind of low, so it could pop off of that. So if you want to read a little bit more into how this can interplay between russia and china, obviously here's the title - it was just posted on market insider, but at the end of the day, if you don't want to read it, it sums up to the Fact that really looks like oil prices, particularly petroleum prices, are going to continue up up and up fda, limited use of j j, covid vaccine over blood clotting risks and because of that, j j is down in pre-market trading under armour sinks, after issuing weak guidance and Unexpected loss yeah under armour actually down considerably more than j's but uh j under armour, both down in pre-market trading, remember we're still technically in earnings season, but we're like there's gon na be still more to pay attention to uh. But a lot of the big names have already given us their earnings, so they're still gon na be like that volatility from the names and that type of stuff, but just maybe not as much just to give you a call out on all of that. This bear market is far from completed.

Morgan stanley shares two charts that show why the outlook for stocks is dim and says the s p could fall another 19 before the sell-off is over. So this is a good write-up and what they're really looking at - and i know it's a bit small but they're - just talking about how these really the real earnings yield, still dipping down and historically the way this is gone is you need the real spx year over Year to kind of cross it i know once again, this is really small. Let me see if i can zoom in just so you guys can see the chart that they're, particularly looking at that, should be a bit better. But overall they're saying hey: it's not done and i kind of agree with them uh.

I do think that there's going to be additional pain. Now i was speaking with mike the head trader over at true trading group on their stream. Yesterday, i think i was a little bit more bearish he's definitely bearish, but i think i don't know, maybe i'm just being a bit more pessimistic. I don't think we're really close to being out of the woods yet.

I think there is a real shot that oh, i feel very confident actually at some point this year that we're probably going to be breaking that 400 level on the s p. 500, and then it comes up to okay. Well, that's great and all, but that's not that far away like how far are we going to go? I don't know if i'm the most confident in us filling this gap at 3, 38 25, which we saw in november of 2020, but coming down to the like 360s 380s somewhere in here, i think, is, i think it's in the cards. I really really do now.

As this continues to come down, what does that mean for you, whether my opinion is right or wrong? You might be like okay, that's great, but are you calling for d-day? Are we going to make money? Are we not going to make money? I think the way to interpret this is twofold in the short term for your active trades, i think there's going to be a lot of volatility. I am in that longer, but the long short term - i'm not talking about long term like years and years out, i'm saying okay over the next couple months, i'm looking i'm leaning, bearish, i'm leaning bearish because of the fed because of supply chain issues because of what's Happening in the world of energy, what's happening in bonds right now, what's happening with yields, uh, there's a lot of reasons that are coming to head or i'm like, i just don't think we're going to get out of it. So for your active trades, i'm leaning bearish for your swing, trade, leaning, bearish. Now for your long term, i think every 5 10! That's where you use a little bit of your free capital, and you start picking up some of your core stocks that you want in the long term.

So, for example, if you like something such as apple or microsoft or tesla yeah, if you want to play them in the short term and you're loading up on, puts or doing what you need to great, but also i just want to make. You understand that, like once in a while, you should also be thinking about your long-term account and as we go down and down and down you're, not gon na ever pick. The bottom, like you, might get absurdly lucky, but it's way way more difficult than you would think, be like okay. This is the exact bottom.

So whenever i see these big chunks of sell-offs like if we sell off to 390 380, i'm gon na slowly but surely add more stocks to my long-term portfolio, i the ones that i like. Why would i not want to buy them on a discount? So i just wanted to call that out, because i think it's something that you should have in the back of your mind, of whatever stocks you like for the long term go shopping on discount. I think that's very, very important. The boss of a 2.2 billion hedge fund, who called the last two bear markets, lays out why he's moved virtually all of his assets into cash.

He shares what he wants to see before buying back in well he's basically in cash, because he thinks they're gon na continue to go down. What the algorithms are designed to do is to react to the early phase of a down market and move to the sidelines. We are fully in cash down. What's interesting about this scenario is that we are more defensive.

We have the ability to be in investment grade bonds or short duration bonds, but even all of those positions are now in cash, so sitting in cash sitting in cash, and you might be thinking, but what is he looking for? Instead, he says the decision depends on seeing stock valuations in a better place and a reversal of market momentum to the upside um. That when i read that i i just knew, i had to share it with you, because this isn't like that's. The whole point is basically he's saying i want to make it i'm going to invest when it looks like the bottoms in so whether you're, a dum-dum streamer like me, with almost no money or a guy who's running a 2.2 billion dollar hedge fund. I think that's the same advice as obviously you want to go long when you think the bottom's in i know this might not be to a lot of you.

You may like dude. We already knew that, but i it actually blows my mind that that's what he's looking for he's like i just want. I want the bottom to be in and then i'll buy like dude duh. We we all.

We were all kind of on board with that one. Elon musk told investors he'd, probably double or triple their money if they backed his twitter, buyout double or triple. Oh la la uh, elon musk, told investors he'd, probably double or triple their money. If they backed his twitter deal, he even told them that he could see a return of five to ten times.

If all went well, mustang thursday he'd received a further 7.1 billion backing for his 44 billion takeover of twitter. Remember. It was recently announced that it looks like there's a chance that elon's gon na become the big dog, the top dog over there at twitter kind of taking like giving perog the boot. The current ceo uh.

What i really am curious about this, like those are big, returns to turn what 44 bill to double triplet. I mean we're talking, potentially over a hundred billion in a couple years. That's the time frame, he's looking at putting it back on the market. Another thing that recently came out - and i guess my question for all of you on that is: do you think he's gon na? Do it remember the deal isn't officially gone through yet and now we're already talking about the return in a couple years - and this is all from recent sec filings and i just kind of wanted to get all of your pulse on it.

Do you think he's going to be successful uh not only in getting twitter, which i do think that one's going to be more likely, but this is a pretty crazy turnaround double triple and if everything goes well, maybe even 5x - i don't know. Obviously time will tell, but i just want to get your thoughts. Chelsea's billionaire russian owner denies wanting to profit from a 1.9 billion loan to the club, instead of giving it to the victims of the ukraine. War reports suggest that chelsea's owner wants a 1.9 billion loan.

He gave to the club to be repaid before any sale. The oligarch who owns chelsea denies this, however, saying he's going to give the money to the charity. Instead, i put chelsea up for sale as soon as the russian invasion of ukraine in february. He said in march, profits from the sale will go to a foundation for victims of the war.

So a little bit of, i guess, oligarch drama there of like okay. Where is the money going and all that type of stuff? Honestly kind of reminds me of? What's going on right now in the johnny depp amber heard thing where i think she was telling like in the previous payouts and divorce settlements and stuff that she would be donating money to various charities? And now it's coming out in the court case that, like she hasn't and in fact the money that is, there is only there because, like johnny sent it directly so has like the same vibes. Obviously, it's much bigger numbers but uh interesting through story of i guess: greed and just people lying at a certain sense kind of interesting all right. Here's we're at like, i said folks.

This is this is easy. Peasy lemon, squeezies, easy, peasy, lemon squeezies. The game today comes down to: are we gon na hold 10.50 or not? If we break below 10.50 we're watching between 404 and 405 and below that we're watching 400.? On the flip side, at 10 50 we could bounce, and if we do bounce then we're the first target is going to be the lower 413s and then from there just because of what we saw yesterday i'll be watching 416. But it very much just comes down to this level.

Will we hold, i technically have it mapped out at 1064., but let's just call it 10.50, because i don't want to keep saying 1064 all day. That's the name of the game. Will we be holding that won't? We be holding that before we get more into the overall market and i get you guys to vote on if we're going up or down. I just want to talk about bbig, also known as vinco venters.

Why in the world, is it up 30? Well, it was just announced that the whole dividend related to kryptide, a company that they're going to be spelling, spinning off uh. It was just announced - and i believe it's going through on may 18th. So basically, this announcement came out for every 10 shares you own of bbig. If you are owning that on may 18th, with a which, i believe is also the date of record, you will get one share of kryptide ticker symbol, t-y-d-e every 10 shares of bbig.

You get one share of kryptide bbig, so that's the dividend um, so that's the excitement right. There is the fact that it was announced and we're getting some movement on the story. That's where this is i what's going on here is people who want kryptide, basically started buying they're like hey, i want it so there's where the buying pressure is coming from. I think this could very much turn into a by the rumor, sell the news type of a scenario where i think we could see momentum over up till this whole.

I guess date, the may 18th date and then from there. I think bbig will end up coming back down, so i just wanted to call that date out, for you looks like what we have about 12 days, but if you want kryptide, that's how you could get it right now, um! I just so. I already see a lot of people talking about it, so just wanted to let you know, what's going on there um, but overall the spy getting a little bit of a pop. We have about nine minutes to go so this feels like a great time to ask you your the question market, open market, open, red or green, all right that is posted, so you guys obviously get your votes in.

While you can vote vote vote vote vote, i feel like we're. Just we're really teaching people about democracy in here is the name of the game, and then i need to also open up the code, which is apparently not turned on right now. Why is the code? Not turned on, why is the code not on studies edit strategies uh? I agree off. I agree.

Okay, where you guys at where are you guys at all right is the code working? I probably shouldn't have had so much sangria margaritas last night folks. I am very much on the struggle bus this morning very much on the struggle bus very much on the struggle bus all right. I think i have the code and let's get the wheel set up. Uh dashboard dashboard dashboard dashboard wheel.

How confident are you guys feeling? Should we make our bets bigger today yeah? We should. I said that more, like facetiously, of course, we're gon na make our bets bigger, because it's a friday, it's a big bet friday, a big bet friday. All right - and i don't know if any of you actually care but just to know the size that we're going to be betting with at market open so on the wheel, 250, 500 and a thousand. Let's let it rip.

What's it going to be, what's it going to be, what's it going to be, what's it going to be we're going for 500, 500. 500. 500 is the name of the game today, uh, where all right, let me update that in the code 500 profit target cool, cool cool um. Did you guys vote yet i'll? Give you another minute.

Basically, you're gon na get one more minute, one more minute. That says, doesn't it someone says it says? No, it says 500, not 5. 000.. Stop messing with me.

Stop messing with me, matt buying 200 shares of amc strategy to sell calls thoughts. I believe in amc. For long i mean, i think, covered calls are a solid strategy. I just like just make sure you are comfortable with how to do covered calls, how to pick the right strike and all that.

So if you're asking me in general, i am a fan, and this isn't just for amc, but just like stocks in general, especially in more of a like a long-term account. I'm a fan of covered calls, but i just want to make like just make sure you know what you're doing and how to pick the right one and what's the right strike, what's the right time frame, but um just so, you know with 200 shares there and You probably know this, but i just want to clarify maybe for the people who don't um so for every 100 you can do a covered call. So since you have 200 that would allow you to do two covered calls not as exciting, but it's a profitable strategy. All right, all right, all right did you guys, vote yet end poll selling premium is so hot right now, all right, uh, oh you guys were very bearish.

Okay, you guys are bearish at market open all right. Let's do this! So, okay, 9. 30. We are going short and we are going for 500 all right.

The code is locked in and it will be firing in four minutes. It is firing in four minutes. Everyone get ready, get ready to make money money, money money. I know it's not necessarily your fault, because, like really your only bad call out out of all the time we've been doing, this was yesterday um that, like little hundred dollar bullish bet ended up just never getting hit um, but then we flipped it and ended up Making that money back so really you guys undid your only one loss and the other ones, i would say, is more of me, but i'm not going to take blame.

So you guys still need to give me these good trades to get this account back to break even um. You don't want to know how down where we are, but i will let you know when we're back break. Even i will let you know when we are back to break even all right, let's get going, let's get it ready, everyone get ready, get ready, get ready, get ready, let's bring this up here. We are, let's bring this up, so you guys can see.

What's going on, the green block means that i have the code properly turned on. It means that it is automated. Let's do this thing, we're going for 500 out of the gate, all right and actually there's. One thing i wanted to check: where is this twitter account? There's this one technical guy that i like, let's see what he's talking about this morning, the last two days in the s p 500 saw top 10 biggest daily swings in 50 years and nfp at 8.

30 am looks. Uh would expect more resistance at 4155 to 4165 yesterday and so far back test held plan as long as 465 holding we are looking to 460. and if 4165 clears we were looking for 4250. Ah, do i agree with that? It's interesting to see that target, because that target is roughly aligning with that 404 to 405 region that i called out to you on the spy, we'll see how it goes, but i mean seeing how the votes are coming in this morning.

You guys are definitely feeling bearish. How much leverage do i use i use all of it. Just all of it. I use all of the leverage in the world touching amc only.

I think that's really silly to only be in one thing that that's really a poor mindset for the market, because then you're saying that the one thing you're in is particularly going to be doing the best on that exact like day. Not that that's just not how it works, there's so much opportunity in the market and to just say that you're not gon na like consider any other opportunity. I mean i might be silly, but or maybe i just don't get it, but i thought everyone like just wanted to make money like i i just i thought that's why people were in the markets was to make money all right. Let's get going.

Ding ding ding, ding ding, the casino is about to open order, filled order filled hot dog. Go down. Give me my money, money, money, money, wrong, goddamn, way, son of a yeah. No, how how how how how how how how how how have you guys been so consistently wrong at market open, like you guys, are defying logic here: market open, it's either red or green.

You theoretically have a 50 50 shot. How have you been wrong five days in a row five days in a row? That's that doesn't make sense the odd you are literally defying mathematics. How are you so wrong on market open? How how how how how how one divided by two to the fifth that, by a hundred three percent, what you guys did you're so wrong to the point that there was a three percent chance of that happening. Three percent chance, like you, got what you just pulled off three percent.

I guess in a way it's impressive, i just why can't you be right in the way all right, three percent, four thousand all right. Well, at this point, we're going to go back and we're going to check out what else is going on. Maybe it's one of those things that if we don't pay attention to it, it's going to do better, just kind of out of sight out of mind out of sight out of mind all right time for the questions. Time for your questions, what else uh bbig uh lottel eath bbig for those of you turning in tuning in right now, vinco ventures? The thing that happened last night was the announcement of officially the dividend with kryptide uh.

That's why we have it up. This is one that it kind of ebbs and flows in terms of people were talking about a lot and then all of a sudden. They don't talk about it. Then they are talking about it bbig they are spinning off their business unit called kryptide um.

I see that you guys all right we're about to make the money about to make the money order there we go order, filled easy peasy, lemon squeezies, never doubted you guys for a second. It's almost like you guys know what you're doing, but anyway, bbig - and i know already spoke about it. I just want to give there's more people coming in um bbig kryptide. It will be trading under the ticker tyde for every 10 shares of bbig you own.

You will get one share of tide uh. The reason for the spike in price is basically people buying bbig who want to get tied. So that's the tl dr on that and the date that is all going down is may 18th. So in about 12 days, remember man, it's your money! We don't tell you what to do with your money.

Z guy, you guys are literally all my financial advisors, i'm hoping my cfi. How is rumble's spac doing currently trading at 11, 50., honestly relative to other things. This is holding up way way better, i mean, if you just look at like the daily charts of all these other, like in an environment like this. The fact that it's just going sideways is actually relative strength to the fact that everything else is selling off so cfei.

I blame youtube chat and true, will i think, um, i'm gon na be asking the team over at rumble to get the well. I think i need to figure out a way where we can do a poll with both of them together, so either it's one of two ways. I need to find a website. That's not the streaming service that we all could just go to the url and vote or i'll just add, like i'll try to get on the phone with rumble uh they're, usually like really receptive to this type of stuff.

But if there's enough demand for polls, i think they would give it to us. So maybe that's a better way to do. It is like we can run independent polls. We could do a rumble versus a youtube.

We could bounce back and forth and see who's better at trading. If we have two different, that's it. You just need to get your two different communities and put them against each other in an old in a nice um in a classic we'll say a very classic competition style. That's what we'll do? Okay, that's gon na be my pitch to rumble i'll, be like hey.

Uh we're trying to see who's the best financial advisors out there, and i want to put rumble against youtube. They're, like i uh, like we're gon na, have to talk to legal about this one all right i'll be like this. Do you want quantifiable proof that rumble's, better than youtube they're, like we're listening i'll, be like well we're gon na start with who's, better financial advisors, all right, speaking of which we will run another poll hang on? We will run it, for this is just going. Should we just i just kind of want to short the market today, like in general, this is not looking good.

This is actually really not looking good la ti da is matt gon na go rogue, maybe okay, i know how to do it end of day prediction lower higher all right. The polls up there we give no financial advice. Mindvoss, you know what you do. I don't know much about this finance stuff come here, for the rumble chat, no rule for mack going rogue.

That's why i don't want to go rogue. I'm asking you folks, that's why i put it to a poll, so i'm technically not going rogue. Technically the old technicality wow, the votes are coming in strong on one side: lucid is tanking, lucid is tanking. What's going on with the up and coming ev play loose how to buy from futures market like the way you have an equities account an options account a crypto account.

You could also just get a futures account like make sure your brokerage has access to the futures market, and then you just apply for futures trading uh. If, like you're, not going to be able to get it on something like robinhood or weeble, even public doesn't have it. If you want to get a futures account, i mean e-trade. Has it think or swim has it tradestation has it? I use tradestation uh, but that's just more because i like i wanted the coding side of it.

I wanted the coding side of it. D-Wack is up wait what i'm seeing red it's another sea of red team, another sea of red, alright how'd! You guys vote how'd! You guys vote let's end it and pull 76 are saying lower all right. If that's what you guys really really want order, filled order filled order, filled all right and now how bad is it all gon na get save settings uh, uh and now, let's spin it. I 10xed it all and apparently we're going for five grand five grand.

What would that price target even be that's a big number team that basically says we're looking for the end of the market. It's basically saying we're gon na see a sell-off to that 404 level. On the s p 500, which is it likely? Is it possible yeah? It definitely is all right. It's in there it's locked in, but we have a ways to go.

Oh ways to go the fact that we're not holding this 410 64 level. It's just it's setting up that test of 404 to 405.. Actually, i need to update locals on that target. Uh uh uh.

Just so you guys know what locals is or isn't it's where i don't know not. Everyone can like hang out in all the streams and all that good stuff. So i like to get a written thing that people can come back to spy thoughts. Uh 4, 10 50 is not holding looking for a test of 40424, publish all right, cool um.

So i'll explain it in a little bit more detail to all of you. Folks of why i like feel more confident about this right now so remember. The fed gave us that fake pump of basically hey we're not going to do a 75 bips increase so like we should be stoked about this uh and obviously that was short lived. So we just kind of get this like peak setup, like kind of a bouncing ball, just bouncing, lower and lower and lower, but now that we've breached this key support level, bounce bounce bounce like and that's the 410 50.

That's the technical support we broke below that and now we even made a new low relative to yesterday the 409 44th that was yesterday's low. So it's just all of a sudden they're selling aggression um. It could pull a u-turn wherever it wants, but that's that's why there's nothing's ever guaranteed it could pull a u-turn. I just think the odds are higher of us going down and evaluating a key level between 404 and 405, and that is what i am watching.

I mean a little bit of a bounce, so this will be a little bit of a we're swinging. It we're intraday we're not we're going for a little bit more than just a minute here or there, but i'm watching that 404 to 405 level. Maybe you think i'm right, maybe you think i'm wrong, but i just right now things are looking pretty brutal. It's i mean let's look at this.

Oh, it's not updated. Yet. Does this update at 10, when this does update it's going to be a sea of red? This heat map is going to be brutal. Gon na be brutal 404 is a nice number did.

Is that how you made your account? 404 parts you're just like oh, i know this is coming that'd, be kind of funny if you made that because you've been in chat forever. You're like oh, i know we're going to 404.. I know we're going to it. Scc charges nvidia with inadequate disclosures company, agrees to a 5 million penalty for something like nvidia, though that's like kind of nothing.

Nvidia remember has a market cap of 457 billion, a 5 million penalty to a company - that's worth 457 billion. It's they literally probably account for that. They're like oh, like we're gon na get hit a little bit like that's just probably par, for course, with their honestly they're, like legal issues like just their legal fees, spy to 400 spy 404 spy, not fallon. All right are we going to get it.

I mean, i think it's going to take a bit of time because we're at 408, but basically 405, is the first target and you someone is asking for the ortex on ater. So just so you know, gme has a short interest still of 19.5 percent. There's just been no change really on gme and amc i'll quickly bring these both up and then we'll switch over to ater here's amc's. We have a short interest of 19.13 once again, just not much of a change over the past month, uh four ater, let's bring this one up if it loads short interest of 40.4 percent cost to borrow not showing up, but previously it's been very high utilization maxed Out uh, it's still on the threshold list.

My issue with ater is it broke below 530.? Remember, we've been talking about that 530 level, the first one it broke it, i'm like. Okay, that's a bit of a red flag and then it looked like it was getting back over it, but recently, especially because we're running into series headwinds with the market. It gave that up again, it's it's looking weak to me. I think ater is actually coming back down to four dollars.

Looking for that, uh just want to call that out. I know it has interesting numbers, there's just there's not enough buying pressure, there's not enough demand right now and it had a big technical breakdown. It is not holding that 530 level that we've talked about like ad nauseum we're going, it looks like it's going down, looks like it is going down speaking of going down. We need this to be.

I need this to speed up a little bit, because i want my money: let's just bring the market down we're bringing the market down team full on market manipulation. This is exactly how they do it at the hedge funds. You just bring a magnet and you bring that sucker down. Veru is finally selling it's coming.

I need varu more, i mean how long have we been talking about varuru for about two months i mean i have those five dollar puts varu it. It was just bs. The whole thing was bs, this thing kind of deserves to come down, um you're, looking for a break of 854, and then i'm really actually looking for this gap fill all the way back down to 455.. I need this to speed up, because my expiration is may 20th may 20th.

Do you think if we make the magnet bigger it makes it come down faster? Is that the whole point is that the whole point? I think that's how charting works at what price will? I buy more amc, um, not really a price thing. I guess i would want more, like i'm actually kind of waiting. I guess i want more cool things going on with amc as a business like i, i guess i kind of want to see more developments in the world of let's say, like nfts uh, let's say more in the crypto sector. Um and they've been doing it.

I'm just kind of waiting for them to like make more big announcements on that type of stuff, hoping that they will uh, so i'm kind of waiting around for that, and obviously i mean right now, as you can see from today's intro and today's thumbnail uh, there Are big movies still coming out? I mean, i know some people already saw the doctor strange movie. I would i want to know like those box office numbers - and i know uh the second top guns coming out, so i think that's gon na have good numbers. So really, i guess, paying attention to the box office, especially with like the big names that are coming out between now and the end of the year. Speaking of that, did any of you see the new doctor strange movie.

Is it good i'm seeing it on sunday? So don't give away any spoilers, don't be that person, but is it? Is it good? Is it awesome? Any is anything green today, oil's up actually oil's, now taking a little bit of a breather, it's just another sea of like this is a great day if you're bearish uh not a good day. If you're bullish, it's awesome, yeah. I watched it so good, solid earnings for amc soon uh. I don't think so.

Aren't they in june january very much april they're in june. What what's going on that people are thinking it's soon like, and this is something i saw over the past couple days. I'm pretty sure they're in june, like june. I want to say 16th, i think is the day.

May 9th wait is june 16th. The vote that proxy vote is that, what's going on amc investors i'll just look at their sec filings expected earnings next monday. So what's the june 16th thing, that's the proxy vote da da april. May, speaking of that, if you have your shares, you should like.

I got my email from public this morning to vote proxy vote. What's their filings press release, amc earnings date, amc earnings, day, earnings may 9th, but then the voting, i believe the shareholder meeting is like june 16th amc june 16th shareholder, whatever it's called. I think it's just like the shareholder meeting, whatever date, no that's. 2021., all right! So actually, three things kind of going on with amc one is vote.

You should have gotten an email from your brokerage to cash. Your vote for the the proxy vote that i believe that one's in june, but then distinct from that is going to be the oh. Hang on, we got to pay attention to our magnet. Here is the may 9th earnings and that's right now expected, but i don't know they so i'm even seeing it on the nasdaq website.

Uh earnings announcement for amc may 9. 2022. That's it's expected to report, but did amc itself file that they're going to do it on the 9th? There might be a little bit of wiggle room there, because i'm not seeing it on their like investor connect, page, okay, so basically three things to be paying attention to with amc. In terms of like the vote and all that good stuff matt who is going to win the kentucky derby um, i don't know i'll pick i'll pick your winner right now, horses in kentucky derby, 2022., all right.

So our options for all these uh emperor uncle moe sea hero affirmed, big brown - is this all of them. Zanden is the favorite zanden's not gon na win? We all know that. I just want a list. Uh nope hang on all right.

We're still coming down wait. Where did my horse pick? Go, i'm gon na tell you guys who's gon na win all horses in kentucky derby 2022.. Here we go. Okay, the winner all right mo happy jack at the center summer, is tomorrow smile happy crown pride charge.

It tiz the bomb zanden, i'm gon na go with who's gon na win this who is gon na. I kind of wan na see the horses like. Why don't they have their pictures? Up? Are the these don't seem to be? I you got ta go all by look um earnings, wait, which ones earned the most 561 52. 900.

All right, 560 is the highest 940. Can anyone beat 940 uh tis? The bomb is a million. The winner is obviously gon na, be uh tis the bomb and we're just gon na get a continuation of these earnings. Uh yeah lock that in guaranteed to win tis, the bomb number, nine tis, the bomb, good number cool name and really i'm liking the sound of the owner, the trainer, the braider.

All that sounds good. So that's pretty much a guarantee lock that in i know a lot about horses totally know everything you need to know about horses, happy jack, tis, the bomb lock it in lock it in. When is the kentucky derby? I don't even know any of this. Is that this weekend kentucky derby um date? Oh, it's may 7th! Oh hell, yeah! Okay! We got ta.

Do something for this, then. Okay, it's in two days, so it's sunday um. If you're on locals post your top three like the order, you think they're gon na finish, whatever that's called, i don't know what that's actually called uh kentucky derby prediction top three. Ah, this is gon na, be fun all right post.

Your prediction for the up three versus in order winner gets a prize okay, uh post your prediction for the top three horses in order winner gets a prize uh. How do we pin this publish and then i'm going to pin it to the top pin, pin, pin, pin, pin for three days pin i want to know how good you guys are at horse picks. Hood is sub 10. No! No! Please stop stop hood! Oh! It's getting crushed, whoever saw that coming.

It's called a trifecta, a holy trinity tis tomorrow. I thought it was the eighth saturday may 8th wow. I just don't know my days. I just don't know my days.

All right are we close to making our money yet? No we're not but we're up we're almost halfway there. Halfway there halfway to go, i like to be a little bit more positive about it. You know we should be classes half full halfway there easy and we're not even 30 minutes into the day. We could lock in the current gains, but that doesn't seem fun at all.

That does not seem fun at all. What are now that we are 30 minutes in. We should have some better data, so let's dive into what that whoa, whoa whoa whoa folks sound the freaking alarms the options market is absurdly bearish: 70 on the put side wow holy dude, someone is betting on spy 340s. What the hell is going on in the options market today, 400 406.

- they are damn options. Market is basically calling for armageddon at this point. Do i have the heat map? Did it upload yeah? Let me reload it heat map, pretty pretty red, pretty pretty red, maybe uh. We have to keep the magnet on until we make the money from the trade that you guys, but i'm starting to almost feel bad about it.

You know like it's almost like almost like we're, causing it we're, causing it to get crushed, starting to feel a little bit bad uh iphone lets you become a member of the community on your channel. I chose space state because i respect the amber herd out of you been watching since january 2021 visit my restaurant in key west. If you end up moving miami free food for life, whoa make sure uh i mean i'll be in miami for sure. Uh make sure on dm, like dm me, your restaurant, i would love to visit.

Some people are asking about draftkings. They had their earnings, actually had a pretty good earnings and, as you can see, even on good earnings, it's just things are getting murked right now. This market's red - i know, like i, see some people talking about okay like buy this, buy this buy this. It's a really tough environment right now it you're kind of going counter market moves at this moment in time.

Yes, are there going to be certain things that are up? Of course there are, but when it's that concept that we've kind of talked about of going into headwinds or being supported by tailwinds, it's a tough time to be a buyer of equities. Right now, when the overall market is just taking such a hit uh, so because of that, i would be hesitant of buying any equity. Until i see things calming down in just like general market sentiment, matt reposition the market, the magnet, not the market, maybe we just need to pull it directly down. Thank you, a footy good call.

We just got ta go right under it. We're gon na rip. This thing down that options market - this is insane, i don't know if we've ever seen, a number 2.2 billion has gone against etfs and equities, and only 920 million today has gone bullish. Like that's a lot of money like we're.

Just seeing walls of puts come in. Look at right there in real time. Look at it holy that wall. It's is it still going.

You guys just saw a massive bet against the spy against the spy just come in in real time. Look at these values: 1.12 million 1.05 million. 400K. 400K.

700K. 500K. 400K and there's more holy, it just keeps coming in 5.89 million. All of these, like these ones, are 14 days out.

It's just not stopping people with serious money are saying this market is gon na get hit wow. It's just not look at these targets. 389. 389.

389 389, like they're, not even calling it for close, like they're, throwing down serious money, we're talking millions and millions of dollars for two weeks out of like a break of 400.. These people are not messing around today, not messing around. I can't believe we just saw that in real time like it just didn't, stop the wall like it's just a wall of puts this is, i think, a good real-time example of probably not the best time quite yet to be doing your investing into at any equity. Doesn't matter what it is, the cues they're selling off wow wow wow wow, how's tesla doing it's brutal out there.

It is brutal all right, let's check in on the account to see how this is doing. Uh. Currently up 2.4 000.. Like i said about halfway there and our target is 4037.75, this will basically be in alignment with the s p.

500. The spy because remember this - is the futures market uh. This will be in alignment with the spy, basically hitting 404. um.

That was more by circumstance. I just had to pick the 5000 because that's what the wheel landed on um, not necessarily like i do like that it lined up with that support. I mean that's a good technical trade um, but that was more so by like happenstance matt double down um, i'm assuming i can't because they most likely already turned up the margin requirement. Uh brokerages like when it gets like this they get like they want to protect themselves.

No one wants to become the next robin hood, where they have margin issues so they've most likely already increased it, which wouldn't they probably wouldn't. Allow me to do anything there. You probably have to have full capital and they probably wouldn't give you like day trading rates. I wonder actually, usually they email you about that type of stuff.

Usually they email about that type of stuff and if it hasn't happened already, it's probably coming in like the future today, if we push this 405 404 level, basically just looking for this, let's make it green, because this is where we get our money. That's the target right there oop a little bit of a pop a little bit of a pop right. Now the magnet's not working our magnets broke. Do we need to switch it? A weird arbitrary pop off of 406.

strange, strange, strange, strange uh: why buy anything you believe it will happen, then pull out a hundred percent. We all know partial pallets. All have consequences. Inflation in 2008 was at tops five percent.

That is a very scary metric. Given that we are above nine percent, but the whole 2008 debacle - uh, not that wasn't really inflation driven 2008 was more of the housing market and the over leverage there and basically giving out like way too many loans that shouldn't have been given out and predatory loans That wasn't like an inflation driven situation like we're currently seeing a little a little bit different, and also don't forget in that one. They what's potentially worse this time around then in 2008, is the fact that, because it was not driven by policies created by the fed and whatnot, it was more of, like uh, really was driven by the market and big banks and like some wild wild stuff. That was going on there, but anyway they had the ability, as in the fed and the government, to assist they had the ability to be like.

Okay, like we're gon na kind of clean up this mess. But the fact that it's the fed and the government that caused it this time around was super favorable policies very, very favorable policies. It's because of that that they can't really help out this time around they're trying to undo all the help that they've already done. So it's it's good to compare and contrast it to 2008 to see okay yeah.

There are some similarities, but there are also like some important differences that, like it's good, to be known of like okay. How is it the same? How is it different we're actually seeing a little bit of a turnaround right now, i'm probably back. Don't worry. Spy will go up now due to my purchase of a put well.

That's how i'm feeling i'm actually i'm back to break even on the trade. We were up a decent amount. We were up two and a half grand now we're back to break even hang on. Let me zoom in on this.

Let me switch over. Let's see what's going on, sometimes you've, probably now at this point heard the term a bear market rally and even when things are selling off, as you saw on wednesday, you can still get very brutal, prompts to the upside, very brutal pumps to the upside um. I don't know if this will necessarily become that, but bear market rallies are very much a real thing and that's why you don't want to get like over leveraged in one direction or anything like that, because you still might be right. But if you're wrong in the short term, you might get margin called and trust me.

I literally lived through that this week. Where are we on the vw chart at this point, uh the vw chart, isn't something that should be applied to amc or jimi. That involved a government and a takeover from another company. It's it's, not you're, comparing apples to oranges.

Looking at that vw chart and look at that coming right back down. This is why i pay you guys so much.