Oh brother oh brother oh brother. the shorts are being squeezed. the market is ripping Bitcoin is ripping the tech sector specifically. the NASDAQ just hit a 52 We High Microsoft hit an all-time high Nvidia hit an all-time high The shorts are being taken to the wood shipper folks.

my name is Matt I'm a degenerate Trader I Love stocks, options Futures Crypto and everything else in between and in this video I Want to give you a breakdown on what in the world is going on and what to pay attention to for the remainder of this week as we head into that beautiful holiday season Thanksgiving My favorite holiday Now before we get into the nitty-gritty of everything going down I Want to let you know if you enjoyed this type of content? Let me know by Smashing the like button. Don't forget to subscribe. With that being said, let's rock! All right, listen up you nerds. We have a lot to talk about, namely how the whole Market went Hulk Mode Green green today I Want to get into the drama surrounding Open AI Sam Alman Microsoft the craziness happening there and also a weird little Side Story I'm going to save this for the end, but there's a small group of oil traders that work for Shell They're set up in the Bahamas and they've been making billions of dollars taxfree so as you can tell, a lot to get into.

But here is the official headline of the day: the Dow closes 200 points higher on Monday as Microsoft lifts indexes. And for those of you who demand the visuals that go along with it, here you go as green as could be in the S&P 500. Call your grandma, call your mom, call your girlfriend, call whoever you need to. But this rocket is taking off so as many of my fellow degenerate Traders know the overall Market The S&P 500 tracked by the ETF spy started off this year in the realm of 380 currently trading at 450.

That's pretty good and most recently we had a crazy run from 410 up to 450. Really, really moving. The q's even better. the tech Centric NASDAQ 100 having a nice pop from 344 all the way up to 390.

And like I said earlier, we are at a 52- we High starting off the year around 260 261. As you can tell, Tech has been crushing it. But there's two bells of the ball today. The first one is Microsoft hitting a new all-time high which is impressive in itself being this is the second largest stock traded on the entire Market.

But what's really crazy is this comes after some hot drama just leaving this here. This is posted by morning Buu Microsoft under Steve Balmer dropping 26% Now compar this to the current CEO Nadela up 886 per. Now obviously once again, I'm hitting you with big numbers, highflying numbers. but when you put it I guess under the lens of what happened this past weekend, this was as if succession played itself out in real time of there was a coup, a board housing and then people getting stabbed in the back and the back stappers getting stabbed in the front and everything's going crazy and there's a giant shakeup.

Sam Alman The founder and CEO of Open AI an AI company that is creating and running chat GPT is largely owned by Microsoft the old 5149 split type of a deal. Well, anyway, as of Friday of last week, Sam Alman he got booted there was a coup and he lost. Well that was on Friday by Sunday they were begging him to come back. This guy was Jon Snow In the whole situation, it was literally as if it was Game of Thrones like dude, actually we need you back and he's said nope, don't want to come back but maybe there's something we could work out.

So Sam Alman is back, but not under open AI he's now leading a new AI division under Microsoft So really Microsoft shareholders, people like potentially you people definitely like me are massively benefiting because before this, Microsoft roughly had about a half ownership stake in whatever brainchild Sam Altman came up with. but now that he's officially working for Microsoft Well, they have 100% stake in it. Anyway, let's get back into the drama that actually played out: Open Ai's board announced late Friday that it was removing Alman and replacing him on the an intern basis with technology. Chief Miror Moradi.

Well, that didn't last long cuz Mir never actually got the official go ahead. It went to the X Twitch CEO and that was a whole debacle in itself. but that's currently who's leading Open AI which is no longer under Sam but Sam is back with Microsoft. It's crazy.

It's complicated. They should definitely make a Bachelor season based on all the craziness. Then late Sunday night openi said it was bringing on board former Twitch CEO EMT Shear to run the AI company. So EMT shears in Mir's out Sam Alton's back in but under a whole new division Now you might think that by itself is crazy enough.

but throughout the trading day today Monday things got even crazier. More than 90% of Open AI staff threatened to quit over Alman Exit open AI Employs 770 people. over 700 of them signed an open letter basically telling the Open AI board to go itself and if they don't they're going to quit. Hundreds of Open AI employees threaten to follow Altman to Microsoft unless board resigns.

Hundreds of Open AI employees have signed a letter demanding the board resign or face an employee Exodus to Sam Altman's new Venture AT Microsoft Quote unquote imminently I Think you're starting to understand the picture here. Lot of chaos, lot of insanity. But when you dive into it, it's actually just at a whole another level. One of the guys who helped orchestrate the coup on the board is actually one of the first people to sign this letter telling the rest of the board to resign.

So like I said backstabbers getting stabbed in the front who are getting stabbed in the back. It's just pure chaos and at the end of the day at least as of now, it does seem like Microsoft the company is the ultimate winner, but it's I think we're a couple Seasons away from this storyline truly ending, so please stay tuned in the meantime. don't forget that I Said today had two bells of the ball Yes, Microsoft was one hitting a new all-time high but don't forget another one did as well Nvidia the world's leading semic Conductor Company those fancy processing chips the Gpus the CPUs Nvidia also hit a new all-time high and as you can see here, the Bears are getting absolutely merked. Does the bull Camp know something we don't Is there a bit of Fomo in the air? Is there something else going on in The Ether I Have no idea your guess is as good as mine, but I do know As of Tuesday November 21st, we're going to have Nvidia's earnings and right now there's clearly a lot of excitement going into it.

Nvidia's earnings will give Wall Street a peak into AI demand heading into 2024. When Nvidia reports fiscal third quarter earnings on Tuesday Analysts expect to see year-over-year growth above 170% Investors will be closely watching the forecast for the fiscal fourth quarter when sales growth is expected to be near 200% While Nvidia doesn't typically provide guidance for the upcoming year, any indication of how demand looks for 2024 will be heavily scrutinized. So let me try to put this another way: the bar for NVIDIA is set extraordinarily high. If it is cleared, Nvidia will continue to rip to the upside.

it will continue to absolutely punish the Bears. However, if they don't hit that very high bar, well, the party, at least in the short term might be coming to a bit of a pause. And for those of you who want to know exactly what the Line in the Sand is, well, the revenue expectation is $16.1 billion, which is up 172% and the EPS the earning per share expectation is $337 So once again, this is all going down after the market closes tomorrow. Tuesday November 21st.

there's going to be a lot of highflying action. I Highly recommend getting a bowl of popcorn and paying attention to all the fun. But for those of you who demand more fun and entertainment right now, check this out. Us is seeking more than $4 billion from Binance.

To end its case, the US Justice Department is seeking more than $4 billion from Binance as part of a proposed resolution of a yearslong investigation in the world's largest cryptocurrency exchange. Negotiations between the Justice Department and Binance include the possibility of its founder CZ would face criminal charges in the US under an agreement to resolve the probe into alleged money laundering, bank fraud, and sanctions violations. CZ is currently residing in the United Arab Emirates which doesn't have an extradition treaty with the Us, but that doesn't prevent him from coming voluntarily as I'm filming this and factchecking my myself. I Do want to let you know that in real time I am seeing reports on Twitter that they have come to some sort of agreement and Binance will pay the bill.

but I haven't seen it verified on other sources. so I just want to let you know that we're kind of in that awkward middle and by the time you're watching this, there might be more news on that particular front. but just for posterity sake I Do want to let you know that Bitcoin is looking phenomenal as I'm filming this Bitcoin Currently trading at $37,000 and some change looking to continue? It's Upside Momentum and if you ask me, I Do believe that this bullish momentum will continue up up in a way because I believe that there's that much excitement surrounding the whole spot. Bitcoin ETF Kathy Woods Arc Investment Management and Digital Asset Firm 21 Shares just became the first major applicant in the US spot.

Bitcoin ETF Race to list a fee on their planned offering the Arc 21 shares Bitcoin ETF would carry a management fee of 80 basis points now I Get it? That really might not seem like the biggest update, but throughout the the day today, there were almost 10 different changes in this ETF filing. As then, there seemingly is something going on behind the scenes with the potential approval of a spot. ETF So I wouldn't be surprised if in the short term I'm talking the next month or two we get some major major updates related to the world of Is A Spot Bitcoin ETF Approved or not approved within the Us. But I do want to let you know I'm not a lawyer I Don't speak legally, but it seems as if we are very, very extraordinarily close to officially getting a spot Bitcoin ETF For those of you potentially scratching your head thinking, why is this so bullish for Bitcoin Don't forget that not only is this regulatory Clarity within the Us, but it's officially some Highway onramps for Big Wall Street money they get invested in Bitcoin if they so choose And then also don't forget about the retirement industry we're talking in excess of 10 trillion dollar that now has an easy way to get into the world of BTC if they so choose.

Now this story has nothing to do with the overall Market ripping crypto ripping, crazy drama, but it is still a ridiculous story in itself. So I wanted to share it with all of you Shell The Energy company has published its annual tax report once more. The 2022 Edition shows the vast profitability of its taxfree and little known oil trading unit in the Bahamas with just 307 employees. once again, 37 employees.

The Bahamas trading unit reported 1.55 billion 1.55 billion in tax-free profits last year. But wait, it gets even better over the Last 5 Years From 2018 to 2022, Shell has made taxfree profits of 4.6 billion. That's billion with a B 4.6 billi in the Bahamas employing roughly 35 people I Don't know about you but I think it's time that I officially become an energy trade. Okay, so let's review.

You know there's a lot of drama going down at Microsoft and the stocks ripping to a new all-time high With the overall market and the NASDAQ we know Nvidia also hit a new all-time high and is also about to report its earnings which is going to cause it to go even more. Haywire On top of that, we know crypto's looking good, but there's some drama there. And we also know that surprise surprise companies are finding ways to make billions of dollars profit free. And on top of that coming as a surprise to absolutely no one, we know that big companies are making billions of dollars of profit and paying absolutely no tax.

So what else do you need to know? Well, let me give you a very quick rundown of the other major things playing out this week as we get closer and closer to Turkey Day. If you want, you can sign up for this newsletter. It is completely free Mac. Locals.com It's in the description of the video and it's also how you get access to the official gooni.

Discord if you want to trade by my side. Other: Traders we do some gaming, some sports gambling, and just good chitchat throughout the training day to make some of those paint trying sessions a little bit more tolerable. but I do want to let you know in the newsletter once again, you could get it for free right here Tuesday November 21st Not only is it Nvidia's reporting day, but at 2 P.m. we're going to get the Fomc meeting minutes later.

On initial jobless claims, this is normally coming out Thursday but this week it's Wednesday because on Thursday of this week November 23rd the market is closed in observation of Thanksgiving Day and then on Friday it is open until 1:00 p.m.. So we have a half trading day this: Friday Obviously all the earnings the major one that a lot of you are going to be paying attention to is obviously going to be Nvidia But in terms of seasonality I Do want to let you know that Tuesday November 21st Very bullish. The Bulls have won this day historically over the past 2 and a half decades Two out of three times 64% with a nice profit factor of 1.72 And here's a quick Peak at the equity curve generically trending up and to the right. now.

Does this mean that the Bulls win it every single year? No, that's not what it's saying. it's saying it wins it every two out of three times. and obviously historic performance is no indication of what's going to happen in the future. It's no guarantee.

but I Like to think that doesn't often repeat, but it often. Rhymes So I Just want to let you know that from now until Turkey day, the Bulls seemingly have a nice upper hand. That's what I have for you in this update video. If You enjoyed it if you learned something, if you had a laugh or two, or if you just feel bad for me, don't forget to smash the like button.

Don't forget to subscribe I'll catch you in the next one. Have a B for.