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Home, but you can't stay here, so won't you wait for me. I need you to stay right there, i'm coming right away so uh, huh, hello, hello, hello and welcome back more than excited to talk about what in the world is going on with stonks. It is monday march 14th and we are about to kick off a new and exciting week of training a lot a lot a lot going on. We have to talk about the deuce developments in ukraine and putin's invasion of that.
What's going on with that debacle, we have to talk about the fed. Remember the fomc meeting is this week. It starts tomorrow on tuesday. It concludes on wednesday.
Also on wednesday, we have a congressional meeting that is going to be all all about political, like politicians, political insider training, so that's going down on wednesday uh thursday is actually st patrick's day. If you're celebrating that here in the u.s a lot of things going on like crazy stuff, i know yesterday the times changed at least here in the us. So maybe that's what's causing people to be a little bit more volatile on an emotional level, but i mean elon you're, never gon na guess who he just challenged to a fight like literally calling out for combat single combat with the person elon musk, the world's richest Man, so we're gon na be going over that uh a lot to go over. This is just an absolutely bonkers day.
It's gon na be a bonkers week and i know since the start of this calendar year, volatility's been high, but honestly it it has that feeling that every single week week over week, volatility continues to go higher and higher and higher. And it's honestly for good reason, because just truly insane things continue to happen. So what i want to do here is basically before that bell goes ding ding, ding ding in just under 30 minutes. Let's go through all the information that you need to know just to feel a little bit more comfortable in what could be impacting the market today, very, very excited, but before we get into that check out what is pinned to the top of the chat.
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But when you sign up, it is free to sign up and you can actually get up to 70 of free stock for creating an account, definitely worthwhile to check out too and obviously shout out and thank you for sponsoring the stream. So here we are today: the dow is up by 0.5 percent. The s p. Future 500 futures is up by 0.3 nazak down slightly oil trading at 105. At one point, it was at 103 and we're actually seeing yields go up as well. This volatility that we're seeing actually let me kind of show you the the i guess this is the s p 500 um we opened up. This is right where we open remember the futures market, it trades on. What's referred to as the globex session, it trades 23 hours out of the day from sunday night, all the way until friday night it takes saturday off but anyway, sunday, night 6 p.m in opened and it popped up and then it ran then it sold off.
Then it had a really nice decent run in the overnight session and then early this morning, around 6 a.m. That's when it started to sell off a little bit watching this key level of 4200, so a little bit of bullishness and if i'm being completely honest with you, i find it surprising. Uh and the reason i find it surprising is because it seems as if it's being bought up on the fact that, like okay, we know that delegates from russia and ukraine are talking, and it almost seems as if they're front running it. In a little bit of a way that they think it's going to be a positive outcome, but nothing that we've seen yet has really gotten me to believe that i mean a lot of it is coming out of like russian media they're talking like hey we're talking, We're resolving it like that type of a thing.
So i don't know i'm not that optimistic on it just because you're already seeing other things coming out of uh the security council in the u.s they're, saying: okay, russia's trying to set it up for them to say that the u.s used like or was supporting biological Labs weaponized labs in ukraine and then that might give them the reason to do it so, overall, until we actually see ukrainian delegates coming out and saying hey we're making progress, that's when, in the very short term, i'm going to change my tune in this situation, uh Just want to clarify all of that, but right now russia, ukraine, talks to resume as attacks on kiev ramp, up which that's another weird thing of like. Yes, i believe there are actually, if you're, watching this live. They are talking right now, but they're also increasing the attacks on the ukrainian capital, kiev and then over the weekend we were seeing more attacks very kind of close actually to the poland border on the west side of ukraine. Unfortunately, in that attack there was about 35 people who lost their life there, crazy stuff, and with all this, we're actually seeing the 10-year treasury yield.
Uh hits 2.08 its highest point since july 2018.. So remember yields go up when bonds go down. So in this scenario, people are either getting out of their bonds or their shorting bonds. I don't really know if this will sustain uh, so getting a little bit away from that whole two ten year, flattening thing when people are like hey these they're, flattening we're actually getting away from that, as these yields are going up. But once again this is momentary. Understand the time frame that you're, looking at over the weekend, acclaimed filmmaker brent renaud, shot killed in ukraine, an american journalist, the first american journalist and hopefully the only american journalist who unfortunately lost his life uh. He was in the area of kiev and um. It was obviously to a like the russian soldiers so with this um.
Obviously it's very very unfortunately the same. It's an unfortunate development, the same as all the other people in ukraine who have been losing their lives because of this invasion of a sovereign, independent country, and with it i i don't know how this one's going to really play just because it is an american journalist And i don't know how we're going to react. So it's something once again, you have to pay attention to and understand uh what the us might or might not do, but definitely kind of ratcheting up the levels of tensions to that to that next level. Unfortunately, russia's finance minister has amended to the country, can't use nearly half of its 640 billion foreign currency war chests because of western sanctions.
So this is one of the biggest things then this was actually an earlier on sanction of when really the global leaders, including biden, decided to basically decimate the russian economy and one of the things they did was through central banks. So basically they had all these other global central banks, freeze their assets and right now uh like half of that, and i'm i'm honestly surprised it's not a bit more uh they're, saying roughly in the realm of 320 billion, is locked up uh, i'm surprised it's not A bit more, but who knows, russia's finance minister, has admitted that nearly half the corn country's foreign currency reserves are unusable uh. He said in state tv interview that 300 billion in brushes 640 were frozen by sanctions. Once again, this is through the central banks.
Russia's foreign reserves are seen as a crucial tool for countering western economic sanctions uh from a financial economic stock market standpoint as you're about to see their stock market, not even opening once again this week, uh the financial implications of what the world has imposed upon russia. Very very debilitating, and that's also obviously causing a lot of insanity and oil. We know last week it ran all the way up to 130 right now cruising at 105 coming down about 25, which is a noteworthy percentage sell-off. This is another thing, and i've been frank with all of you, i'm currently long on oil through the options market on uso uh.
I'm actually surprised that we're seeing it calm down oil drops over three percent as some concerns about supply recede in light of russia, ukraine, peace talks. Once again. This is their fourth or fifth round of talks and out of their first four or five, there hasn't been much positive development. Who knows maybe there's people with serious money who make serious whale type moves that know a little bit more about the talks than i do. I'm just going off the progress that's been made on the previous talks that we haven't really seen much, but hopefully we get some sort of like positive news about the talks today. Definitely one headline you should be looking for crude oil fell by as much as five percent on monday, with brent trading below 110 a barrel having almost hit 140. Last week, russian ukraine were holding peace talks monday, which helped ease some fears about to hit the supply from sanctions, um and then there's also a another update of a city within china going on lockdown but anyway. The another reason in here that i am, i guess, surprised, is oil.
It's all about supply and demand. Demand is going up and right now supply is being constrained and recently between the iea and the uae, there has been a little bit of a relief. It sounds like they're playing ball with the rest of the world, saying hey we're going to help out with these supply issues. Well, over the weekend weekend there was a a consulate or some like us military base in iraq.
That was under construction. So no one was there, but then it was attacked by iran and one of the recent things was iran was saying they were going to help with doyle, so the geopolitical situation is still pretty tense and i i really can't wrap my head. Obviously, i'm missing some aspect of the picture and oil is coming down, but to me it seems like every couple days we're still seeing an increase in tensions that should be having an upward price impact on oil. So i myself i'm trying to dive into it.
A little bit more and hey, if any of you have a breakdown mentally of, why we're seeing an increase in tensions, yet oil is coming down. I would love your thesis of what you're, seeing in the scenario kind of a little bit counteractive to what i thought would be going on a little bit of positive news. U.S gasoline prices edged lower after hitting record high last week that on average gasoline within the us was four dollars and 32 cents it's up over 60 cents. It took like a week to jump that much, but right now we're coming down ever so slightly.
So maybe not feeling as much pain at the pump versus stock market to close for a third week, while the clock ticks down to key debt payment deadline. So once again, the russian market will be closed, all the way up to and including march 18th, but they have a debt deadline this wednesday and also wednesday's wild for the reason that we're going to get the fomc results at 2 p.m and then they're going to Be speaking at 2, 30 and congress is also talking about insider trading at 2 p.m. So wednesday, a lot of interesting things going on there. Russia stock market will remain closed for a third straight week.
The central bank said over the weekend the moex which tumbled 33 percent the day russia invaded ukraine is going through its longest ever trading hall. Russia is due to pay 117 million on two dollar denomination bonds uh wednesday, but it is widely expected to default. So once again, that is going down wednesday, 117 million is due goldman. Just cut ties with russia, and other banks are under pressure to do the same. Here's a breakdown of wall, street's exposure from jp morgan and morgan stanley. If you want to check this out to get the exact value, it is a lot. It is a serious, serious amount of money of all these big banks, then they're just going to be doing business with some of the biggest countries on the world, which is obviously russia, another one deutsche bank, deutsche bank winding down operations in russia over the ukraine invasion. After sparking backlash for saying that, leaving the question tree wasn't practical! Well, of course, the world's going to come down on you when you say something so idiotic, as that, it very much says, you're.
Putting like your bottom line ahead of the lives of an independent sovereign country that was invaded so obviously lots of backlash and now because of that backlash, they're being pressured to exit the same as many other larger banks, russia, officials warn companies like mcdonald's and ibm that Corporate leaders who criticize the government could be arrested. We see mcdonald's, pulling out starbucks coca-cola pepsi, so beyond banks, a lot of big corporations. Global corporations are continuing to pull out from russia. National security adviser russia, claiming that u.s ukraine are using chemical weapons, is a tell that russia could be preparing to do so, basically kind of coming up with the reason hey.
We saw that so kind of using it as like. I guess a foot in the door technique that they might be able to say that then they're allowed to kind of a mess-up situation. The us is paying close attention to the potential of russia using nuclear weapons in ukraine. Russia falsely accused the us and ukraine of using nuclear weapons.
That's a classic page out of the russian playbook according to jake sullivan - and he said this just yesterday on cnn binding aid to meet china's top diplomat amid russia's tensions. It's about time that this happened. So even that, like that, false you're going to keep hearing about this false flag narrative that was apparently propagated in chinese media and after being posted by russian media. So once again, in early this morning, taiwan reported that there was various chinese fighter jets flying over taiwan.
So, yes, we've been focusing a lot on the tensions with russia and i guess their relation to all these other uh global leaders and countries. But another thing that's been slowly but surely like bubbling in the background i wouldn't say bubbling over, but still the tensions are slowly but surely going up is whatever's going on with china and some of the decisions that they've made over the past three weeks. Four weeks that type of a deal so another thing that we're you got ta look for it biden aid to me, china's top diplomat amid russia's attention. That is obviously happening this week. So once again, another thing that we're looking for to just calm down, because right now everything feels it has that vibe as if it's on the edge, so we just need to make some positive progress back to overall quote-unquote global peace. This is a wild thing um. This is so so incredibly insane, and it's just one of these things that to me it is very much confirming that we are yes in a simulation. I hereby challenge and then you have to look this name up to single combat.
Well, when you look this name up, you know what the result is: vladimir putin, yes, the world's richest man, elon musk earlier today. Technically, i suppose yesterday challenged vladimir putin and the stakes are ukraine, and then he tagged the kremlin and then someone asked do you think this through or am i missing something? And he said i am absolutely serious. I don't know what else you need in this world. What else i could possibly do to get you to understand that the this simulation is wild? This is the spiciest episode of the simulation yet like what elon musk challenged vladimir putin to single comment and the stakes are ukraine, and he said he is dead serious.
What did he actually tag to ukraine? Hang on? Let's translate that hang on translation. This is uh. Do you agree to this fight so he attacked the kremlin. You agreed to this fight.
This is this: is bonkers elon musk challenged putin to single combat over ukraine. Elon musk issued an absurd challenge to russian president vladimir putin over the invasion of ukraine. He tweeted uh. He was challenging pune to single, combat and said stakes.
Are ukraine musk sent star like starling systems to ukraine? I guess he's just really trying to go full on iron. Man like he already sent them starlink and i'm referring to ukraine, giving them internet, and now i guess, he's trying to get into like the fighting aspect of it. Well. This is a this is a bold decision, cotton! Let's, let's kick back and see how this one plays out.
Another crazy thing that happened recently and announced yesterday these two past months, i've realized my place, is still on the field and not in the stands that time will come, but it's not now i love my teammates and i love my supportive family. They make it all possible, i'm coming back for my 23rd season in tampa unfinished business, lfg tom brady, coming back to the field playing for the buccaneers um - hey! If you like football, if you like tom, this - might interest you, but the thing that really caught my eye was not that long ago, tom brady's final touchdown ball sells for over half a million dollars. This just happened. Someone just spent what was it 518 000 on his last touchdown football recently and then the first thing they say is they they just spent half a mil. Look. I have it. I have a piece of tom brady history, a piece of nfl memorabilia and then imagine opening your twitter a couple hours later and realizing there's a very good chance. It is not his last touchdown football like how pissed is this person gon na, be how angry you would be to realize that you just arbitrarily bought one of his now generic touchdown footballs and not his last touchdown football.
The anger involved - oh man, oh man, that that's something! That's that's an unfortunate development. I suppose you cannot win them all, but imagine spending half a mill this. This simulation elon challenging putin to the fight tagging tagging the kremlin. It's just everything in china flying fighter jets over taiwan everything's just nuts everything is just nuts right now, it's just gon na be another bonkers week.
All right, let's do a little bit of chart review just so we know where we're at have a better idea for the day to be very, very explicitly clear in the short term, i am still leaning, bearish uh. In fact, i'm basically at this point watching 415. That's my target roughly aligning with this trend, i'm watching that and then instead, if we end up pushing i'm looking for the break of 428 and then from there, i would be watching for a tag of 432.. So, basically, if we continue downward, if we break the low of friday, i'm looking for the sell-off to continue to 415., if instead the market pulls a u-turn, maybe we get some positive developments out of the ukraine.
Russian delegate talk peace talks, i'm looking for a break of 426 428 and looking them for a tag of 432.. That's my plan on the s p 500, which currently has a short interest of 18. It's gon na be a similar scenario. If you look in the nasdaq of okay, if it keeps going downward, i'm watching this level of 320.
uh, the nasdaq actually still in the red, so definitely watching. I. I think this is a very legitimate play if, instead, it pulls a u-turn breaks out at 3, 30 i'll be watching 335 and then from there i'm watching 340., but once again uh i'm waiting for the market open in about 10 minutes for confirmation. I want to watch those first 10, 20, 30 minutes, but overall i'm i'm leaning a little bit bearish this morning and then just russell.
I just want to show you how this has actually been outperforming. Instead of trending down, it's been kind of just trending sideways. Looking for the break above 202 or the breakdown of below 196.50, which would then put 190 350 into play in terms of the qs that has the short interest of 13.5 and then the small cap sector has a short interest of 38.5. So definitely especially in the small cap sector, but overall uh, some noteworthy short interest values in three of the major indices. Obviously you can see on my screen right now. I have up m-u-l-n, which is currently up 34 after gaining 26 on friday, so putting in back-to-back impressive days on mulm. Now i do have a sh like a put position on the spy and also on the russell just to the things that we previously spoke about. Currently have nothing in the queues.
I am long on oil, but uh. I just want to be a little bit more transparent about the things i'm talking where i do or don't have a position on muln. I have no position and i have plans on making no position, but i do admit it's very, very interesting. It's up to 33, according to ortex we're getting a short interest.
Reading of 214, the utilization pretty high 94 costs of borrow, going up, uh interesting things coming in and before this we've been talking about it. Just because there's been certain days where muln, when it's on short sale restriction, we're seeing a short exempt trading volume in excess of the free float that doesn't make sense. I'm covering m uln because i think there's clear market manipulation, loopholes being abused on muln and right now. The fact that more and more people are talking about it kind of saying hey.
This doesn't seem right, i'm just wondering if these shorts are gon na get absolutely destroyed, but right now currently up 32 definitely worthwhile watch today. But once again, just to remind you, i will not have an mulm position i haven't had one i won't have one. I just want to cover it because something super super sus is going on with mulm uh very quickly to touch on. What's going on with amc and jimmy amc, currently trading at 14 and jamie currently training at 92..
It is unfortunate that amc gave up that support around 1450 and then jimmy, unfortunately, could not hold 100. So, let's see if some buyers end up stepping in would love for that to occur. Amc still has a pretty noteworthy short interest of just below 21, while gme is clocking in not much lower, but at 19.4, so both amc and jimmy still, obviously being shorted. But right now what we've seen over the past two weeks is uh.
The average volume is still kind of going down so right now we're looking for more of that excitement and volatility to return to these stocks, and maybe that's gon na - be what ends up putting some pressure on the current shorts. But for me, amc and jimmy. I still have my amc and jimmy stock. You can see it on public if you're, if you're curious of hey does matt still have amc and jimmy you can see that not only am i in amc jimmy i'm still in prague, corsair, that's one of the beautiful things about public is you can see what I'm in, if i'm buying, if i'm selling, that type of a deal but to make it explicitly clear.
Where would i sell my aim? Cng me? Well, it would occur under two scenarios. Number one: the shorts cover number two: the stocks hit zero. I'm re willing to risk every cent that i have in amc and gme i'm willing to ride it all the way down to zero, if need be, because i am a proud supporter of what they symbolically represent the fight for market transparency. Market fairness. So i just want to give you the quick update of what's going on there and of course, if there's news or anything like that, more than happy to cover it and i'm expecting some gamestop news this week, because it is their earnings, i believe, on the 17th. So in three days, gme gamestop will have its earnings announcement. So i'm definitely looking for some news related to jme this particular week. Uh hang on.
I want to bring oil back up there. That's what i have for you. That's the rundown of this morning. If i make any quick, active trades i'll be calling it out live with all of you i'll be posting it there on locals.
If you haven't already sign up for public, you can get free stock, it's free to sign up up to 70 dollars of free stock. All you have to do is put in the code. Matt enter the code matt or just go to public.com course, shout out to our partners over there very happy that we have a brokerage, a commission free brokerage who is obviously fighting for market transparency and fairness, has some pretty awesome, medium blog posts out there talking about How we have to as a like a whole system get away from payment for order flow, so definitely happy to be partnered up with them. Uh.
Can i show you the ortex on indo? Happily, uh indo is another one that has like pretty crazy numbers, indo nope. That was the wrong one. Hang on indio right here: indio uh short interest of 65 percent cost to borrow 537 percent utilization 88. It is a small cap shares on loan 407 thousand.
So it's a small cap. It's on the threshold list, high short interest, high high cost to borrow uh. This is one your indo, your inpp, your cei for those to really go. You're gon na need oil to come back up those.
I don't really foresee a world in which they're gon na rip on their loans. Some, i think you need oil to get back above 110, 115, 120, 125. So to understand how that whole oil per like pipeline gas production sector is going to go at least in the short term, especially if you're watching kind of these low float high shorn interest plays watch oil watch what's going on with crude oil and recently those stocks Have been coming down because oil has been coming down, you need oil to pull a u-turn for those ones to really have some crazy upward action uh. What was that song that you played during the countdown great hype? I'm gon na have to turn that over to chaos and roswell uh, the designer of that intro.
Can you drop the the name of that song? Did you see the gap at 400 on smp uh? I don't. I did not see it. Uh hang on. Let me clean this up the gap at 400.
Oh this gap from 467 and i think that one's it technically there's another one too uh right here, there's another gap at 398, so we actually still have two gaps. Hang on was this gap filled. I think that gap was filled at 4. 11., hang on. Let me just fast forward back here: okay yeah, so one gap was filled uh, so we do actually still technically have two very real live gaps for the s: p, 500, uh, 467 and 398. Two more additional gap fills. I think they will get filled, i'm not calling forward to today uh if anything, i'm really watching this support these trend lines. That type of thing, if this gives up if the s p 500, cannot hold 411 yeah, then i'll be looking to play those gap, bills uh.
So that's a play to consider um. I just don't know if it's a play that i'm looking for like this particular day. I have other targets in the short term before i'm considering those gap fills uh, please check cnk 108 short interest. I mean like i was looking at cnk.
It has a high short interest, but i want to make something clear just because something has a high short interest that doesn't mean it has to squeeze it's a prerequisite to squeeze, but don't think high short interest means a short squeeze. It needs a high short interest for a short squeeze to be possible. So, if anything, i would think of it as like, a checklist like a pre-flight checklist type of a deal matt the gap phil king, hey, i like him. I, like the odds, it's a good money-making strategy for sure hey before that bell goes dingy, ding, ding ding, which is about to happen in a couple seconds.
We have 20 seconds if you haven't already, could you help me out by doubling up on those likes? Let's see if we can quickly get above a thousand likes before that bell goes ding ding, ding, ding ding in like 10 seconds um. That would be a massive massive help to me and it just helps get this video in front of other people who might care about the stock market and there we go. The casino is open. Let's do this thing all right, so once again, i'm going to be sitting on my hands for the first 10.
20 30 minutes see how things are really going to be positioning themselves and i just want to know very quickly the low from friday, because that's going to be an important level to me. 4. 19. 53.
That's what i'm watching for 1953. muln sitting at a 33 percent gain out of the gate. Let's see, if that can hold, the queues are kind of bouncing with the spy we have some relation there. Let me know if there's any other crazy movers today uh, so we have gme in the green.
I like that crypto in the green uh, i'm still most of my equities, are unfortunately still red, though uh. Let me know if there's any other crazy movers i'll pull up indio, just because someone was asking about that uh currently down five percent cei uh, currently down 10 trading at 82.. Once again, this cei indo impp you're, going to know how they're doing just based on oil if oil is ripping those are most likely going to be up. So you could just quickly check oil and get a better understanding of how all that's playing out. What's going on with tesla someone said tesla what the f currently down 2.5 tesla, getting hit out of the gate, uh man, those 800 puts that we had last week. If imagine, instead of locking in those 10 games, they would be up quite a bit more. So tesla ev kind of getting smacked right now a little bit. Maybe it's because elon challenged vladimir putin to a fight, perhaps mulln, coming up to big resistance at two dollars.
Watch for that currently trading at 196., um muln. We know it has a high shortage or some crazy stuff could happen. There. Crazy stuff could definitely happen there.
One leg craig, i'm right there with you price on amc and jimmy only have two levels that matter zero or mo ass. In my book, is there a lower gap bill on amc? The previous gap fills, like that's already been filled. Shout out travis shout out craig a footy all right, we're seeing some things turn what is going on in the market right now, tesla kind of still getting smacked the spy coming back down. There might be a nice opportunity here.
I might i'm gon na shake off the cobwebs and see if i can make some sort of a tesla play, because i got lucky last week. So why not? Why not push my luck? This week, uh single i'm looking at the tesla, the tesla 700 puts are currently trading at 8.40 8.70 oops wow. This is running like a madman. All right i just played tesla tesla puts just looking for, like maybe a little pop for the day to see.
What's going on, uh tesla puts expiration march 18th. This friday strike price seven hundred dollars the premium that i paid was nine dollars and ninety cents uh, and on this play 990 all right, i'm going to let this go for a hot. Second, i want to see what kind of trend we have going and basically, if it starts to push back up to like the 70 80ish, that's where i'll just cut it be like all right, didn't really work out for the day, but in the short term, i'm More so looking for tesla and the reason i felt a little bit more confident about it is because i knew this level at 780 was extraordinarily important right here. This kind of support support support.
So now i'm at the point of kind of considering i don't know if it will or won't happen this week. Who knows? Maybe it won't happen at all, but i'm interested in this downward trend line that we have going. So if things get a little bit hairy today, i'm basically watching 720 725, but for quite a while. I was watching this support at 782.
It's not holding it now, i'm feeling a little bit more confident of that 720. 725 area. Uh! That's what i'm watching! That's my reasoning. I've been, i mean over the weekend when i'm doing my chart review.
That was one that i was like. Ah man, if it can't hold and unfortunately it was gapping down a gap down, did not hold this clear support. So i'll see how this actually gets going when i was watching uh here, i'll update, locals, really quick, all right, tesla tesla, we'll see how this one goes: expiration march 18th, uh strike 700 and then the premium i paid was 9.90 gold. Take profits all right. All right just posting that all right, the spy is coming up to an interesting level that we have marked out for 1953. This is the low of friday, thus far we hit 419.69. So pretty close, i think the spy will test it and i'm just curious. If there's buyers here, if it breaks down, there's a better chance of my tesla play working out um if it bounces off of it or even if it bounces right here, then the chance of my tesla trade working out go pretty low um.
I just posted my full trade plan there on locals. Mulln trading, like crazy, has already traded 96 million shares, granted it's a cheaper stock. It trades at two dollars as opposed to 700 or 400 or 100, or anything like that. But so yes, of course you're.
I guess really: your volume will be elevated, but overall, that's still ridiculous. I mean, if you do your dollar volume, you just multiply it by two you're talking about 200 million dollars in the first eight minutes of the trading day. That's absolutely bonker bonkers, like that, is that's just crazy. Imp now has options.
Uh i wouldn't engage in those until oil comes back up. I mean i already have uso calls, so i don't really need to get more until i see oil doing what i need oil to do. To take that play. Oh sweet he's going against tesla big bounce, confirmed, hey, we'll find out.
We will find out stunks stonk stonk stonks in the futures market. Just to give you an idea uh, let me give you still given some bearish readings in that 15 30 hour time frame, just some of the underbelly of the market, just to shout that out man. Oh man get a little bit of a okay. We just broke friday's low, all right spy.
Let's play this game. What's the next level on the spy team, we are at support right now of 419 and a half the next thing i'm watching is 415. uh see this support. Support, support support kind of a shelf right across.
If we don't i'm, then watching 415. That would be my next watch uh, but let's see how this battle, because it is support like you're at support and those are your two options - you either bounce or break. So if we bounce right here, okay, interesting, if we end up breaking down, then i'm watching about five dollars less at 415., muln uh could not hold above two. That was a key psychological level, a key technical level.
It popped momentarily above it up to about 209, but right now, trading, around 190 muln watch for a retest of that two dollar area oil getting beat up m-u-l-n. These were crazy gains, we're seeing uh the spy just got smacked to give you an update very quickly. Uh, i'm still in uh. I have two really small positions: cei calls and dwac calls they both expire. This week, i'm telling you they are baby baby baby positions for my unit size. My account size they're, not looking good. At this point, i'm just swinging pretty much a full loss on those uh. The iwm calls or excuse me puts, are currently down 17, which is still on the smaller side, and then i have uh three bigger plays on right now the spy puts the tesla puts and the uso calls the spy puts are looking good they're in the green Up about six percent, the tesla puts are currently down three percent so close to break even and then the uso calls are not looking good right now, but also remember the uso calls for me.
They expire in april, the i have a full month for those ones, and i just wanted to give myself a bit more time. So in the short term, let's hope that the spy and the tesla puts uh help just alleviate what i need them to alleviate. Boondocks shout out uh, oh shout out becoming a member there becoming an astronaut all right, tess or this is why you, my uso, is getting so messed up. I mean oil is just completely selling off.
That's crazy, all right, thus far as kind of imagine. The spy is battling it out at the friday. Low lows and highs of previous training sessions tend to become reactive price levels, because people are like hey. That was the low, let's see if i could buy it there and if they do buy it and if it goes lower.
Okay, they sustain a minimal loss, but if they get a bounce well, they took a pretty high risk to reward trade, an optimal one. I should say minimal risk and potentially decent reward. That's why you're going to see reactions to previous trading days highs and lows all right. The spy coming down now for the second official test, we'll call it just below 420.
tesla, bouncing around a little bit unless the spy or the cues like really pop. Here, i don't see tesla doing that. Well, the queues are currently down by point three percent: the spy is just under break, even it's almost at that red green move. This is actually kind of interesting to me, uh, so you're, seeing how the cues look right now, like the queues, are actually kind of pushing a little bit more related to tesla, but then the spy and the small cap, the tech sector, having a very, very obviously Different day and it could really honestly to yield going up those 10-year yields hanging out above two percent, or they tagged at least above two percent.
What are they at right now, yeah they're at 210., dow rises 200 points to kick off a big week on wall street as ukraine, russia war rages on. I mean look at these three in the top left here. So this is the small cap sector right now and then this is the overall market very similar look and then the tech sector doing its own crazy thing tech sector outperforming. I have to imagine it's because of just yields right now, and then it just brings up the the question here of is the spy gon na keep the queues from going or the queues gon na bring the spy up? I mean people were, i think, apple had a pretty rough morning, didn't it uh it's starting. It's attempting to bounce now or down 1.5 percent kind of looking like the queues trying to get this break out of 150 250 interesting day well, thus far overall market bouncing off the low of friday, that's exactly where support was found and right now it's holding the Next level, if you're, just looking for a quick technical thing, is the high the intraday high, which is basically 422. matt. My tesla puts hey still watching. I have my risk set the cues, this tech over performance, the spy is actually green.
The cues are now fighting for green and then the small cap sector is down by 0.3, so you're actually seeing small cap perform the worst in the first 15 minutes of the day. Um and that's kind of relating to amc. Getting beat up to the tune of seven percent g mean getting beat up to the tune of six percent. Uh cei is down, three uso is down 4.7 rivien is down 6.8 tesla's down 2.6 d-wack is down 4.9, there's still quite a bit of red.
It's these really really strange days when a lot of the major plays are still red and then yet you're, seeing the s p 500 go green um. Actually, let's look that up on finviz, let's see where some of the oh wait. Why is this not loading? Yet? Oh there we go uh, so financials are green. That's where some of the greens coming from and you have some healthcare going, green as well.
Energy is obviously in the red consumer cyclicals mixed bag semiconductors red. Some of these main tech plays mixed bag. I would say: leaning green, it looks like the green today is in the financial world right here: uh lots of green, excluding paypal other than that we're actually seeing some strong, like some very green plays. So that's where some of the positivity is coming from a lot of financials and then some health care, i would argue as well not energy mixed bag in tech, which is weird mixed bag and tech, but then we're seeing the cues on an intraday basis.
Looking pretty solid, so just a couple interesting things to point out, amc still possible to squeeze wife's pissed at me. Is it possible yeah? I mean there's still a short interest, so like really for there to be a short squeeze, the prerequisite is as simple as is it being shorted and amc gme many things still being shorted, so is it possible yeah? I wish i could tell you the future of like the exact dates and numbers and size and all that type of stuff, but no one on this planet can uh. So, for me, like you, have to bet, what's, i guess appropriate for your personality, your familial situation, your risk tolerance, your person, like all that stuff, your account size, um. You should especially from what you see on social media. You should never be buying selling or holding because of like you have to do your own dd. If you want to use some person's input, as like your own, like i guess like um like maybe a starting place, i think is the best way to think of it like okay. They said this this and this, like do, i agree with it. Do i disagree with it, but just to blindly follow that's that's very much a recipe for disaster.
Wow tesla going the opposite way. All right might have to cut one of these real, quick, tesla, tesla tesla. How are the queues like, oh apple, coming back spy, picking up the queue is picking up as well. All right we're definitely seeing some bulls, and this is a great great live example of why you shouldn't break your first 15-minute rule 20-minute rule, because if i waited to this exact second i'd be feeling a little bit better uh.
I still have it i'll, let you know if i get out, i kind of want to see this retest of 780, which is that key level i've been seeing on the daily chart for tesla. I want to see this push above. Well, i didn't want to see it, but that's what we're seeing now. I want to see the retest and see if buyers are actually there and basically are we going to get a cup and handle and an explosion, because if so, i'm going to get out or are we gon na, see the failure of a cup and handle that's Kind of what i'm watching is a re-test of this key key level.
What else do we have uh? The rsion oil was telling you last week. It had peaked, assuming no huge geopolitical event, but that's what the oil play is. It's a geopolitical event um. I don't think anyone was looking at oil as a technical play.
It was saying: hey the geopolitical situation seems pretty crazy right now, uh it was 100 uh like a headline geopolitical play, not saying hey the rsi is high. I think it's going to go higher bearish on spiders time is the russia ukraine talks today. I believe it actually already started and remember just like, with our time zone uh a lot of the stuff they would do during their day right here. Ukraine, president zielinski, to virtually address us congress uh on wednesday nine a.m.
Nasdaq golden dragon, china index, extends drop to 13 nasdaq golden giant index falls seven percent at open. Germany will start purchasing process for us f30 jets as replaced for tornado. Russia is counting on resumption of dialogue with u.s on cyber security, so the market pop actually might be because of this ukraine, president zielinski, to virtually address u.s congress, wednesday 9 a.m. What else do we have u.s delegation, suspenses participation, parliamentary, assemble council of europe? They suspended that that was an hour ago.
Ukraine's foreign minister says ukraine demands closure of global ports to russian ships. Well, i don't know if you would do that if the talks are going the best uh according to the kremlin, so definitely take this with a grain of salt. All the plans of russia in ukraine will be fulfilled in full and in the time frames outline kremlin says russia has not asked china for military assistance. Russia has sufficient military resources for its military operation in ukraine. This came out. 7 30.. All plans of russia and ukraine will be fulfilled in full and the time frames outlined, so it sounds like they're, not stopping until they get everything that they want eu to impose new sanction on these companies blocking investments in fossil fuels. Eu governments push to adjust sanctions to ensure eu can still buy oil from russia.
Russian oil companies wow. That's gon na keep oil prices down a little bit yeah this right here this little the second part eu governments, push to adjust. Sanctions to ensure eu can still buy oil from russian oil companies. That development is going to put some downward selling pressure on the cost of oil just because it's going to be perceived as the supply not being uh as extremely messed up all right.
How are things reacting right now all right we're going to get this retest, i believe of the level i care about 780., all right time to get some answers. The queue's pushed up to 325 and the question is: will it hold the spy push up to 421.50? Now it's basically what's gon na happen right here at 420, 80. um. So we saw a bullish, push basic, basically from 9 40 to let's just say: 9 50..
So we saw 10 minutes of pretty noteworthy aggressive buying and now it's just time to find out if they're legit or not we're going to naturally see some just a reversion a little bit of a reversion uh. It might be exactly what you're seeing on the screen right now. It might be a little bit more, but let's see if these bulls actually have further ammo full further aggression behind what they already just did in the the market. Mrna popping, are you aware of trade spotting and rocky outcrop and what they have done and continue to do for the ape community they'd love to communicate? I think i've heard of trade spotting.
I have not heard of rocky outcrop, so i can't like really fairly comment on it. If i just don't know uh spy talking about those bulls, let's see what the whales are doing. Thus far, a tesla put put 750 770 four days out uh. We have an nvidia call, tesla put tesla call tesla, put put tesla call overall, the premium is thus far being dominated on the put side, the bearish side, 63 uh - for what we're just seeing today for march 14th, monday march 14th.
More calls have come through, but more money has been placed on the put side and the way i have this all filtered is basically they have to be aggressively getting into the position as in hitting the ask not sitting on the bid side. So a little bit more aggression, hyg they're, buying, puts on bonds. Hyg is a bond play 1.5 million there and out of the gate, this tesla put was 1.2 million interesting, let's see basically bearishness bullishness, and now everything is just barcoding sideways. We have to wait. We have to wait to see which way this ends up breaking range range range, a little pop in and set up. Is it going to hold spy buyers team muln hanging at 195 we have some lower highs, higher lows, pretty much, creating like a weird wonky wedge. Just see which way this wedge breaks, higher lows, lower highs, patience, all right, sweet, sweet, sweet still in this range, just barcoding sideways, so they try to pop up and now are they just doing a weird? Was this just a fake out? They popped up, maybe to get people excited, and then they drop it on everyone. We've been seeing this type of action a little bit more and it's just kind of crazy that they do that they got.
People excited they're like oh, it broke above the range and then they drop it and now like. Are they just gon na double back they're like let's drop it this way and then rip it back? This is just wild action, wild wild volatility, and this is why you're gon na whatever your common unit size is whatever you like, typically make your. I guess particular trade bets uh you're, going to want to probably downsize that, just because there's so much whipsaw that when you have higher volatility, naturally you're going to want to play with a smaller unit base and myself that's what i've been doing. In fact, i should probably be playing with even smaller units than i currently am right now, whatever like.
I always like to think of it, and i'm not saying this is appropriate for everyone, but just to maybe better explain what i mean by this terminology of okay. Let's say a normal unit bet, for you is either like five or ten percent of your account, like that's how much money you're going to put on the line for each individual one well in this time, you're going to want to go if 10. Maybe you want to go down to 5 or if you're 5. Maybe you want to go down to 2.5 or something like that, but scaling down your bet sizes when you're seeing so much volatility it it helps you not get whipsawed.
What is your opinion about? The metaverse do you think it'll be a new trend after meme coins and nfts um. I don't know. If it'll i mean those are kind of distinct things um. I think there's going to be some key overlaps in that type of stuff, but overall, i'm very, very bullish on the metaverse, and i cover that in far more detail on the crypto cores channel.
Please explain how you're using a smaller unit. That's funny stuff wait! You're not supposed to go 100 on every play, hey if you're feeling like a lucky person, have at it, but i myself recently have not been a lucky person, so not feeling that kind of a thing chinese socks, let's talk about it, they've been getting demolished. Lately. Look at this in the very short time frame, just talk about like a little little mini bull trap. Little mini bear trap, we're just waiting for this zone. It's going to be a game of patience. This is crazy whenever you think it's like they're, like oh wow. Look at that bullish, push we're getting a break bam and then bearish like hang on it's about to like actually break down and sell off, and then they rip it the exact opposite way.
This is so so brutal. This is fascinating to watch. They run it right back up to the top of the range. Are they just gon na drop it right again, nowhere that would just be like too perfect.
I just got a covered call order for amc, rejected for market exhaustion. What's that mean i've never seen i that sounds like a broker-specific thing: i've never seen um like an error message that told me market exhaustion. I've never seen that before hoosier brokerage, i mean it should have some sort of like explanation there, the devil. You know look at that; they ran it right back up to the top of the range, then bam right back down to the bottom of the range.
This is just nuts, it's bar coding, be careful. All right, they're bears are tapping a little bit more, but then there's buyers. Someone is obviously buying it, like they've, been putting up a wall of buyers right here. Every time it's coming down below 421, someone's stepping in and the question is how much size do they have? Can they keep pushing this or is? Are we going to get a quick flush down to 420.
interesting? They do wow, they keep getting it out of the range and then it's just popped right back in oh, it's interesting, you're, you're, very much in real time, watching a clear battle of market bulls and bears it gets above the bear show up and they smack it Back down, it gets below the bulls like step up and they push it right back in uh patience, patience, patience, patience made a muln plan appreciate the lessons mitchell congrats, hey uh, who i'm curious. Who of you are in muln right now, because this is up a hefty 41? So even if you got in on friday till now and granted you're up more, but look at this, the spy run it right back up to the top. Why not disgusting to watch out whip saw city all right and in my fascination with that, i kind of lost track of tesla, potentially creating a very obvious cup and handle, but now i'm almost hesitant because every time they just get the spy above they just smack It is this gon na be the real one. That's the golden question got it at 94..
A lot of you are crushing mulan seriously. Congratulations make sure you have your plan. Whatever your plan. Is i'm not really here to tell you if it's a good or bad plan like i could share my opinion, but uh don't just go in there and hope.
Don't just be like oh okay, it has to go higher just because you're in it. That's not how stocks work this is. This is something: are they really just going to bring it right back into this range, or is the breakout going to hold look at that right back into the range crazy, crazy, crazy, crazy? Well, even more patience is going to be required today, all right. What other updates do we have coming? In? I'm sure there has to be some sort of news. Ukraine negotiator says. Official talks with russia are paused till tuesday, so uh. The talks being reported six minutes ago have been paused till tomorrow. Ftc asked amazon about subscription practices.
In recent years. Uh eu's we can invert stagflation with decisive actions for those of you who are like. Okay, like i hear about inflation, hyperinflation, and now this new thing, stagflation and there's deflation. All that stagflation is when you have very high inflation, but also your economy slows down and the reason you're hearing about it right now is because people are kind of pointing out hang on.
We know inflation's incredibly high and there's also a chance that the whole ukrainian debacle on a global scale could stop global growth, economic growth. So that's why you're hearing more and more about stagflation, um, so all eyes have recently been on all the central banks to see. Okay, what are you gon na do? How are you gon na help with the economy? How are you gon na help battle inflation, all right, sweet, sweet, sweet stagflation is when um. Oh, you folks.
This comment section, you guys always somehow put a smile on my face. I appreciate it all right, m-u-l-n, please don't be greedy with it. Stick to whatever your plan is, i beg of you all right spy we're coming down to the bottom edge.
Putin has a Black Belt in Judoβ¦.I know Elon must know that, so thatβs wild.