So hello, hello, hello, am i there? Oh i'm there hey we're, live we're not having any tech issues today. What is going on moon gang? I hope you're having an absolutely be a beautiful morning evening afternoon night. Whatever time it is for you, i hope you're having a great one today it is wednesday march 30th. We have one moral technically at this point in the day, two more full training days until the end of the month right, yeah, wednesday, thursday, okay, yeah friday is the first which remember the first friday of each month is important because that's when we're going to get The unemployment numbers, and then this time around, i would argue that it's particularly important, because that's what the fed's going to be looking at.

On top of the jolts report on top of adp, we have a lot of these kind of metrics talking about the jobs and unemployment and inflation coming out, and all these are tools and gauges that the fed will be using to decide their next monetary policy decision. So that's important pay attention all that so friday we're going to get the unemployment numbers. Yesterday we got the jolts number at 10. We already got the adp we'll be going over that live.

So that's going to be all commentary on the overall. Like backdrop of the economic situation, we have a couple updates coming out of ukraine. I want to share those with you, then i want to talk about bill gross bill, gross whatever it is, some guy who's been short amc and gmc. We have some recent commentary from him.

I want to talk a little bit about elon, musk and eminem. I know that's crazy. You never hear those two in the same sentence we'll be talking about that and i also want to talk about the halts yesterday. Uh, it's kind of come to like when the halts occurred yesterday morning, for both amc and jamie.

I mean, if you've been watching amc and jimmy over the past year, you've seen a lot of these circuit breaker halts. I didn't really think much of it because we've been here before circuit, breaker halts are a very common thing within the market um, but then i saw that on social media. It kind of got to this point where people were like, accusing that of being like a manipulative tactic and something going on. So i want to kind of clear up some confusion about the limit up limit downs and we referring to the halts that we saw yesterday.

So we'll be doing that all before the bell goes: ding ding, ding ding. We could also look at some of the charts. We could look at the short interest numbers uh according to ortex, so we have a lot planned today, just to get ready, but before we do that just so, you know if you're curious about my trades, my option trades on my a little bit more of my Active type of stuff - and if you want to post yours, we're building a very, very cool community over on locals, it is pinned to the top of chat. All right hang on, i'm seeing some people are saying we have some issues with rumble right now.

Why do we have issues with rumble uh, it's showing on my end that it's going uh? Let me just double check uh. Yes, the url is right. The stream key is right. It's showing me that it's uh transmitting uh there might be a little bit of a tech issue on their end, i'll get that figured out all right.

Let's hop over here. Let's take a quick peek at what everything's doing slightly down the dow, the s p and the nasdaq we're down 0.34.38.6 respectively. Oil is getting a little bit of a pop we're going to be talking about that yesterday. It actually went sub 100.

Now we're back up to 107 and then we're seeing that the 10-year yields are unchanged and what's crazy is for a brief moment in time. If you watched my wrap-up video yesterday, we actually saw a yield inversion. I could cover what that means in like the kind of the high-level tl dr version this morning, but if you want more about that, if you're hearing yields flattening yield inversion - and oh my god, this means a recession that type of a thing. If you want the full breakdown check out yesterday's update, video is right at the start of that update five things to know before the stock market opens.

Today, wednesday march 30th wall street looks lower after logging a multi-day winning streak. So, yes, things are, we've, we've had a crazy run and don't forget we have this gap-fill opportunity, i'm still kind of calling that out. 455. 91.

So basically, 456. I think i mean i really like gatfeld plays because the odds of them are extraordinarily high. I think the odds of this getting filled it could have happened yesterday could happen today, the next day, if you give it enough time, i feel that odds of playing this gap fill are very, very high. I'm currently not playing it.

Usually, when i do these things, it's very quickly, it's kind of like a quick trade through the futures market, but you could do it. However, you want you could do it directly through spy. You could play through volatility. There's many many ways to play it because it's more of us calling out hey we're seeing this direction and then, when you think you have an idea of where the direction of the spy is going well, then you could play it.

However, you particularly want remember, though, from a little bit of a medium term view seasonally, we're very strong from now until the end of april. It's a very, very bullish period yields no longer inverted mortgage rates, soar hurting refi demand, so the yield spread between the five and 30 was no longer inverted early wednesday. So, okay, we saw on monday the 5 and the 30 became inverted the week before. At the end of last week, the 20 and 30, when inverted and very very briefly, the two and the ten when inverted yesterday, the two in ten spread is the one people care most about so very high level.

Yields is basically you're kind of like the loan shark, giving the government money and because you're giving them money for a certain amount of time anywhere from a month all the way up to 30 years, you get extra money back because you're, it's a loan you're giving The government a loan well, the yield - is how much extra you're getting paid back, obviously the longer you're giving them money whether from a month all the way up to 30 years. Well, if your money's tied up for 30 years, naturally, you would expect a bigger payback because you're letting them use your money for longer. Well, there are kind of weird things that happen where the shorter terms actually get a higher payout. What this is indicative of is that bond traders are basically saying we don't have that much confidence in like the long-term potential of the market.

At this moment in time, it could also be signaling that they think inflation in a longer period of time is going to have more of a noteworthy amount of drop off as in the inflation coming lower. So when you see that the 2 and 10 people are like well, okay, if the 2 is spiking above the 10, that that's telling us that the bond investors are not that, i guess confident in the long-term potential of what we currently have going on. Really, from an economic standpoint, this from the 1970s until now has preceded all recessions. Now there have been times such as 1998, and you could also argue covid that it's actually given false signals, so it has fired more times than we've actually had recessions.

If you're using this as a signal but for every recession we've had, it has fired before it now the it's not one of these things that that happens, and then the next day it's like armageddon and there's a bear market. Don't think of it like that, in fact, on average it takes about 17 months from that inversion to actually see it, it can hap, it has happened as quickly as 6 and it's happened as long as 23 months, so you might be sitting there and thinking. Well. Is it really that good of a signal, if like i might have to wait upwards of two years to see like the result of the signal firing that that's a very good point, so obviously do what you want with this data? But i just want to clear up what it means and how to actually use the data and like it's not one of these things, i don't think it's necessary to see anything about inversions and flattening and be like it's armageddon and next day we're going down.

That is in no way how i would interpret it. Adp says: u.s companies added 455 000 jobs in march. This just came out today: uh companies that have 455 000 jobs in march slightly more than expected. According to adp adp said, private payrolls grew by almost half a million in march.

Leisure and hospitality led the job games. 166. 000. The release comes two days ahead.

The government's non-farm payroll report, which is expected to show growth of 490 000. That's actually the estimations for this are going higher and higher higher. At the start of the week, we were at 460 and they're expecting unemployment to drop to 3.7 3.6, so that comes out friday, friday, friday friday pay attention to that. This is the unemployment report.

It comes out once a month. Not only should you care about it, but we know the fed will be caring about it to make their next monetary policy decisions. Russia's pledged to scale back ukraine tax met with skepticism, so we have a little bit of weird developments going on there. Zielinski says negotiations offer hope, but ukrainians are not naive.

Only a concrete result can be trusted. That makes sense, because there's a lot of, i would say a lot of talk, a lot of talk in the talk on the russian side, but not a lot of walking the walk ukrainian president zielinski said tuesday that ukraine is willing to continue negotiations with russia, but The president warned that ukrainians will settle for no less than real security guarantees. Ukrainians have already learned that only a concrete result can be trusted, so we're getting a little bit of positivity coming out of these negotiations, and then this just came out this morning. Ukraine zielinski says russia is sending new forces and, as you can see, this happened not long ago, in fact, maybe just under an hour ago, so some weird stuff happening there uh, definitely something that needs to be paid attention to health regulators, clear another round of covered Vaccine boosters, if i'm being honest with you, i thought we were done with this.

This is uh now approved for everyone, age, 50 and older uh. I thought we were out of the woods. I just thought the media cycle and all this and enough time had passed and enough people had gotten their shot, and but i guess this is still currently in our lives, so just wanted to keep you informed that, if you're over 50 and you feel the need To get an extra booster well good news for you, they were just approved now before we get into the specifics of charting and the short interest numbers, and all that i want to share some other things this one i just it made me laugh. So i like to share things that make me laugh: elon musk quotes eminem in his battle with the sec.

Now i don't know who had this on their 2022 bingo card, but if you did, that was a tough square to notch off and congratulations. I hope you're getting closer and closer to bingo, because that is a crazy title. Elon musk quotes eminem in his battle with the sec, probably never seen before, on the legal landscape. Elon musk referenced eminem in a court filing on tuesday.

If you don't know about this, he's been just he and the sec go back and forth. All they do are fighting with each other. I mean at this point the sec probably has a whole elon musk department. Musk wants out in an agreement with the sec.

That requires tesla lawyers to approve his tweets, and this is just because some of his previous tweets when he was basically talking about like going private and funding, secured that type of a thing the sec is investigating, tweets in which musk asked his followers, whether he should Sell billions worth of tesla stock. This happened just at the end of calendar year 2021 and he ended up selling it. But now he relative to what he sold, which seemed to be a little bit more of a tax play and like right before that his brother sold some. It was a messy kind of sus, looking type of a scenario, but right now, in real time he actually owns the most equity of tesla he's ever owned.

It wasn't like he just sold a block. It seemed like much more like a tax play, but anyway here was the quote: the sec. Won't, let me be or let me be me, so let me see they tried to shut me down uh, so obviously he's a little bit just switching out uh, the fcc. With sec and obviously from eminem's song without me, this was pretty funny.

Uh tesla's elon musk cites popular eminem rap song in latest response to the sec, and then he said i mean we're basically identical a few differences, maybe so obviously elon musk still showing that he is not only the world's most wealthy man, but also the clear king Of social media now, obviously i know quite a few of you are interested in amc and gme, and i want to lit a little bit of an update of one of our opponents, who are is currently betting against amc and gme billionaire bond king bill gross calls Meme socks, gamestop and amc lottery tickets and says: there's no real value behind them. Investing legend bill gross compared meme, socks, gamestop and amc to lottery tickets. Both companies have very little behind them and their stocks will fall. He told yahoo finance.

Yesterday, tuesday, growth said millennial, retail traders simply believe that stocks go up and think they deserve double-digit gains. You know at first when i read this, i was like okay, we just have like another booming coming in here, who is just mad, that he's made all of his money with fundamental investing methodologies and now he's seeing kind of the rise of a new form of Investment and he's just not changing with the times and as we get into this it's partially right, but also i i did find some of his quotes interesting. So let's just go through the whole thing and then let's feel free to share all of your opinions. But, first of all, i think we all know um we we would like for stocks to go up, and this is the issue is when the group is discussed.

So when i'm referring to the group, it's the group of apes uh, it's not appropriate to think. As all apes, as like this monolith of new retail traders, who don't know what they're talking about that is some of us - yes of course, but then there's also people within this group of apes, who are highly highly informed and know exactly what they're talking about the Flip side of that is, we shouldn't think about the people who were going against the people shorting the stock as like a monolith of like just one, singular hedge fund and think of them all the same. There are many different players with many different skill sets with many different methodologies. Don't think of the bulls, don't think of the bears, don't think of the apes, don't think of the snakes, don't think of any of those groups as like one type of monolith, because i think that's actually almost like a psychological and intellectual intellectual fallacy that if we Do it that way, you're kind of really not if you don't have enough respect for your opponent, that's when you're most dangerous and honestly.

I would argue that this thought that it's all just millennial traders who simply believe that stocks go up do some. Yes, obviously do most, no, no, no like to me. This is actually a weakness on his side to think of all of us as highly uneducated, uninformed people engaging in the market anyway. This is some of his quote from a yahoo finance interview.

I simply think that amc and gamestop are lottery tickets. I mean like that's, that's a one sentence thing you could dive into it. In a sense, i guess they kind of are lottery tickets, but also now we're seeing the rise of movie theaters. We know gamestop's getting into an nft marketplace like we are seeing the fundamental trajectory of these companies improve.

So now it's just getting. Okay like this is just like an offhanded statement. It's not that people don't win lotteries exactly, and certainly the apes as they call themselves that are behind this have their day, and so, let's let them have their day, and this is what i was talking about when i first saw the title: i'm like okay, this Guy's, just gon na be the classic guy like they deserve to be at one cent, i'm against the ips, but even he's admitting right here, the apes that are behind this have their day, and so, let's let them have their day. So he's kind of admitting that the apes retail traders have a very, very strong influence and it's actually going to get a little bit more interesting.

The original bond king holds bearish bets against both stocks and has been using options to short them. That is, betting. Their price will fall, so this he's not engaging in a normal short position, he's not going and selling stock he's basically buying puts just to clarify. So when we talk about short interest numbers uh, the way he's engaging in the market, it he's not increasing the short interest numbers or the shares on loan, or anything like that.

He's doing this all through the derivatives market by buying puts gross recently told the financial times, he'd lost sleep and money, betting against amc and gamestop, like many other people, particularly melvin capital. But after sticking to his short strategy, he found himself up by as much as 20 million so at first he was very very down and then he went up 20 million. But that's not the end of the story. He now admits his bearish bets aren't faring well.

Yet again, given that the memestock mania has returned so basically he was down, then he was up 20 million. He didn't lock in his gains and now he's once again, not faring. Well, it's hard to go against momentum exactly it's also hard to go against a social, cultural movement and it's hard to go against the crowd, because it's a crowd that determines direction and upward momentum. If we're in a bull market will they ever become more negative and bearish i'll take some more time.

They simply think that stocks go up, that double digits are what they deserve and we shall see so even the way he kind of concluded. This interview he's admitting that it kind of is in the hands of the apes. Like he's he's admitting that it's a lot of momentum, it's tough to go against that momentum. It's tough to go into uh kind of like the psychological excitement of what we've seen, especially over the past couple days.

I mean like they're, both up over 100 in the past two training weeks, jimmy's up 130, while ames is up 115 in two trading weeks. That is a very, very bad situation to be betting against, like a lot of these short-term bears got blown out of the water in the second half of march, will they ever become more negative or bearish? I don't think really negative or bearish it's more of, and this is what i'm talking about of for us. Let's take this as a learning lesson that we shouldn't think of the people as we're going against as a monolith, because right here they think of us as a monolith, and i think that's actually a big big weakness for them. Because right there will they be ever negative or bearish, not really, that's not what i've seen the mindset of the apes are, and this is what i've dedicated the last year and a half of my life to is this community and what's going on so i like To think that i have a very, very good pulse on this particular community, and i don't think it's this game of turning bearish or negative on the stock.

It's the game of okay, there's an explosion. People are looking for whatever their definition of life-changing money is, and it's more of not bearish it's just when do they want to lock in their attendees so right there there's a little bit of a psychological disconnect of them, not really understanding what the ape movement is. I just wanted to share that with you and then i also want to talk about some of the craziness that we saw yesterday before. Okay, i have about 10 minutes.

This is important so yesterday, if you were watching the market with amc and gme early in the morning, there were halts. We have seen many many halts in the past year and a half of trading of amc and gme uh. Many many circuit breaker halts both to the upside to the downside, so i didn't think anything of it. I didn't realize that it was becoming a thing on social media and a lot of people were calling it out and they were like, of course, like screaming manipulation.

What is this, this shouldn't be allowed they're like screwing us over again. Do i think, halts are stupid. Yes, i i very very much do uh they halts came out of. It was like a band-aid to this.

The flash crash they're like we had this flash crash. Um almost a decade ago, so we had this flash crasher like these people at the sec were like what could we possibly do to ensure that this doesn't happen again? So basically they put a band-aid over gunshot wound and we got these halts. So i think they're silly. I don't think that they're executed properly the same thing with ssr, but overall um there seems to be a big disconnect of what these halt.

I want to make it very very clear. This is not decided by brokerages, even though i hate robin hood, i hate weeble brokerages, do not decide trading halts, they can do stupid things like taking away the buy button, which that's a whole nother thing. I heard that revolut did that to some people, but in terms of halt, brokerages don't decide it like the literal markets, decide it, and this isn't a human saying. Okay, amc and jimmy are getting a little bit crazy.

Let's halt it! No! No! No! There are very, very well-defined breakers and that's why it's called the circuit breaker hall, that, if something and we're going to get into the details of what that something is, if that occurs, they are halted for as you're gon na see about five minutes. So uh the acronym is for this l-u-l-d uh. What is a limit up limit down and you can find this uh? If you go to nasdaq, you could get this faq. I could post it in the description of the video if you guys want the exact details, but once again, the thing i cannot stress enough is some random person did not decide this.

This is a circuit, breaker hall. It's set up by the system and as soon as you're outside, like a particular realm of volatility, you get halted and the concept is to calm things down, it hope happens to the upside. It happens to the downside, and this is one thing, and maybe you folks could help me out of what i was like, really really uh. Maybe i got confused about because i didn't understand the community's reaction.

It would be one thing if we were ripping higher and we got halted. I could understand the community saying whoa whoa whoa, we were on a terror. Why did you stop us and once again it happens to the upside of the downside, but the ones we saw yesterday we were falling, we fell a decent percentage, we fell in excess of 10 within five minutes and they stopped it because they don't want a dog Pile effect, and then people were so mad about it and like in the terms of what we saw yesterday, it actually kind of stopped some of the bearish momentum that was building up um. I don't know, like i said, i'm a little bit confused, because a lot of people were acting like it stopped us from ripping yesterday when it stopped both amc and jimmy from falling and there's also a little bit of confusion about it happening at exactly the same Time the amc and jamie halts did not happen at the exact same time.

They were very, very close, but there was about like a 15 second differential, but anyway right here. So yesterday we had a downside, halt, amc and jimmy fell right here. You could look at this, so tier one is the s p. 500.

The russell 1000 selected exchange traded products tier two. This is what we're looking at the national market system, all other national market system, stocks, ie, amc and gme. So we're looking at tier two and then right here. If you come down to tier two and then stocks uh previous close above three dollars, which is both amc and gme, you can see that the halt is triggered by a 10 move right here.

Uh, obviously, there's a lot more detail in this information, but i'm just trying to stress the point that it wasn't a person who decided to halt these. It was literally we they have these basically picture like a 10 movement band from the current price, and if you hit that too quickly, you're gon na get halted - and this happens to the upside, it happens to the downside and there's obviously various rules for like things Such as the s p, 500 for equities less than 75 cents, and then they talk about what happens if there's multiple, they talk about how they compute the reopening price. This is all the information. It's very apparent.

Anyone can jump into this and read and you could become an expert on when things are halted, unhalted, how it all works, but um. This is it's not really that that difficult to, i guess, like pull back the curtain on what happened yesterday, the whole this you could argue if the halts in general make sense or not if we should have them but um to me, it's one of these things That, whether you do or don't agree with halts, it happens, equivalently both to the upside and the downside, so whether you like the rule or dislike the rule, at least it's being equally applied to basically, as you can see, all equities and also in both directions, uh, But once again you can find this just limit up limit down frequently asked questions, uh search it for the nasdaq. You can find this up in fact, here i'll just give you the link right now, uh, i just threw that in there i'll throw it on twitch. It sounds like rumble is down, but the link i just posted in chat you uh.

If you want to read this and get more of the details now there was a bit of some other stuff going on yesterday i heard that people like the buy button was literally taken away by revolut revolut, to my understanding is a european brokerage um. So i i personally don't have i've never been on revolu. I don't have a revelu account, so maybe if any of my european friends could uh, i guess like inform me, like. I didn't see hardcore evidence myself, but if someone on here right now is like no i'm on revolut, they stopped me from buying additional amc or jimmy because of depository trust like collateral improvements or like increases.

Please please let me know, because that's that one's a whole different debacle, that is definitely necessary to speak about so overall right now before that bell goes ding ding ding, the spy, we're seeing an increase in short interest up to 17.6, the tech, heavy nasdaq 13.4, and Then the small cap sector 34.5: that's the current shareholder interest on the three main indices we pay attention to in terms of amc. We are very, very close to 21 we're already seeing uh they've already borrowed 2.42 million shares against amc this morning and in terms of gme. The short interest is 24.5 and they've already borrowed 150 000. As you can see, the cost to borrow on gme is 13.2 and then for amc it's 3.28.

I saw some people citing the max value of costs to borrow yesterday. That is not that useful to use, because for all we know it could have literally been the borrow rate for a singular share. What you want to see is average. That's the thing that matters when you're looking at cost to borrow is the average, because, if you're looking at the max or the min literally, you could argue that like what, if it was a share like, let me borrow a share and then they give you either Very high or very low price um.

I don't really care much about max or min, and i don't think that you should either all right in terms of the market. Yes, be careful, the downside gap fill to 456 in terms of the qs. Yes, they have their own gap, fill to 365 and in terms of the russell another gap-fill opportunity to 206-21 in terms of amc. If you didn't watch my update video yesterday, i actually would argue that a couple days of consolidation makes the chart even stronger.

We had a rip. I want to consolidate, make a bear flag, break out of the bear flag and get another rip. This will be good for everyone who owns stock. If you own options that expire this week, this friday, you probably got premium burned yesterday for all.

I know you might get premium burn today or you might make a lot of money if we end up ripping, but if we do see a day of consolidation, i honestly would like that that would make the chart even stronger in terms of the levels i'm watching. I'm watching, obviously just below 30 i'm watching 27 and i'm also watching 32.25. Those are the first major levels i'll be watching on amc in terms of gme, i'm watching 160 watching 182 watching 192 n200 same argument for gme. We've had a crazy explosion in the past.

Two weeks, gme is actually up a little bit more than amc, jimmy's up 130 amc's up 115, so both are looking pretty pretty crazy, but i think consolidation is key here and i think we will bid it because the technicals are just very, very hot. This rocket engines is way way too hot. It needs to calm down. You can see it needs to cool down really.

The rsi is just like super super overbought right now, uh bbby. What there's too many b's in this one b, cubed y b, three y: that's what we'll call it uh has been looking very, very strong, i'm actually kind of we might have like a cup and handle maybe a different, a smaller cup and handle, but bed bath And beyond the other one that ryan cohen is involved with being an activist investor another one! That's really, i don't know doing pretty well uh for today, particularly i do want to shout out. Micron micron did very very well in its earnings announcement that came out last night. It beat on earnings per share, it beat on revenue and it had impressive future looking guidance, so it might be worthwhile to not only watch micron but to watch the small cap sector today, ding ding ding, the casino is open, but they added more options to dilute.

Probably, during the halt, um options don't delude a stock. I don't um. I saw a little bit of that on twitter. You dilute a stock by adding more stock options, are a derivative product options, don't add more stock to the float and options? Don't take away stock from the float options, do not dilute um like they like that pool as in outstanding shares options.

Don't add to that number and they don't take away from that number options. Are a derivative product based on what a stock does do or doesn't do, but adding more options taking options away once again, it has no impact on diluting or not diluting or undiluting a stock matt. You still think those halts were normal based on the rules of the nms. They were normal.

Yes, you could argue if those rules are good rules or bad rules, but those were well-defined rules that we knew going into the trading day and people are acting like we've. Never seen these before on amc or jimmy over the past year and a half we've probably seen 20 25 halts on both amc and gme. There were certain days where amc and jimmy were both halted like five or six times like we were streaming it to all of you, um like that's, where i'm getting a little bit confused is people are acting like it's a brand new thing that we've never seen Before it wasn't a seven percent haul, so people were trying to compare yesterday to the day before of amc gaining 45 percent jimmy gaining 25, but they did it in a slow, methodical manner. You get halts when you go up or down a 10 band in a very, very short amount of time, a very, very short amount of time.

So that's why you can have a huge gain on the day, but if you're just kind of slowly grinding all day and not doing a ten percent spike in sub five minutes, you're not going to get halted. Uh the rules for those like whether you like the rules or not, they are well defined. It's not the same thing as like, let's say the dtcc, with their risk, where we don't even know how they compute their collateral. That is something that is absurdly opaque, that as a retail trader, you have no vision on.

So if things get haywire and then all of a sudden you're seeing the buy button taken away and their argument is hanging on - we they've increased our collateral requirement as a brokerage. That is something that we have no vision on whatsoever. We don't know what those volatility bans are. We know what the volatility brands are for.

A circuit, breaker hall, i mean circuit breaker, halts - probably happen like every single day. At some point in the market like at some particular equity, i would bet on average we're seeing like there. It's not one of these things. That's like a black swan crazy thing that, like we don't see, i invested 600 000 amc on revolu.

I still have money in it, but i do not suggest anyone uses revolu. I couldn't access my account for six months: wow matt, if you calculate the luld, ref, plus or minus ten percent that should have halted up. The only way it won't halt is if large blocks are pulled for error correction, um, no, no, no design, theory um. So that link i put up there and you could actually find it.

I believe, on dave, lauer's twitter. They talk about how the bands are calculated. It's not as simple as just remember it's a moving thing so like as you move, it's gon na, be that's why we had a spike in price right here. This spike is the 10 that we're looking at it's not just from an opening value.

It's gon na, be it's like a running volatility band. So, as you can see the halt right here, we dropped 15. By the time the halt actually happened. It's um, the bands are dynamic throughout the day, it's not just from the opening price.

If that's what you're? Referring to but both of them i mean i went back and we checked it and, like all this stuff is well defined. It's a pretty simple math calculation uh. If you want to run through it, you don't have to take my word for it whatsoever. You could just look into the actual rules from the nasdaq.

I know a lot of you look at me and you're like matt. You look like the kind of guy that the nasdaq calls up and like asks how we should define these halts. I know i look like that, but i'm not that guy, i'm just a guy who can read it and be like okay, it's a plus or minus 10 move, but it's dynamically calculated throughout the day from whatever the current price is matt. Do you own amc shares? Hey what what's an amc share, explain the 500s going in the money, this okay, we could talk about the 500s going in the money right here, um once again shout out to dave lauer.

This is a worthwhile read i'll retweet it you can find it from my account or dave's. I got a lot of questions yesterday about robin hood, alerting users that high priced gme calls were in the money. This happened right as gme was halted in the limit up limit down scenario. The circuit breaker hall looks, like bats, was slow to clear the quotes um right here, robin hood was likely using these inaccurate quotes to calculate mid price for option purposes and mistakenly alerted users.

So they're not saying that the price was actually there. This was more of like a up by robin hood of misalerting, like they mistakenly alerted people um. It's not like robin hood had some sort of secret price that no one else knew. It was basically that they're like their brokerage, their ui, their ux sucks uh.

For those who wonder why there's no trust left for broker slash markets, here's exhibit a bazillion users of robin hood, get faulty alerts that options are in the money which aren't finra, should revoke robin hood's license already so they're, just a very, very bad brokerage. Once again, if you want more of the details, this is a great write-up on reddit, but you can find it through dave, lauer, just check it out on twitter, but definitely some interesting stuff there. All right. Where are we at in the old stonk market, the old stonk market, uh, apparently rumble's? Having some issues uh hang on, let me see, let me reach out set to private hang on.

Let me see if i could quickly get the rumble issue i'll, just fire off uh. Excuse me for one minute which honestly not a bad idea, because we should probably be calm for those first 10. 20 30 minutes anyway. But let me see if i can is the live all right, we'll see if we can get this resolved asap all right.

Where are we at to do hoo, hoo hoo, so on the spy? Don't forget one thing: i'm watching on the spy, which i think is still a solid trade in my humble opinion, is this gap fill to 455.91, which is apparently far away 455.91 uh. This would be the gap fill on the overall s. P 500 amc currently trading at 28, gm currently trading at 173 bed bath and beyond trading at 26.. Let's see how some of these other ones are doing today, tesla at 1088, uh, let's check on the nasdaq uh ran up to 370 down to 369 dropped a dollar there.

Let's see how micron is doing micron pop microns up 3.5 percent, i'm assuming we're getting a sympathy play in some of these other players. No we're not nvidia popped this morning, but not green on the day. How's amd looking amd's up on the day, one percent so um if micron is holding and if we're not running into too many steep headwinds with the tech sector. As in the queues, i think the semiconductor sub industry could actually do pretty well today, yeah travis, i see that uh i just reached out so for everyone, that's hanging out with us today our temporary transplants from rumble.

I know that there's an issue i reached out to the tech team at rumble to try to get it resolved and hopefully that will be by the end of the day uh, and this is an update from dave lauer about the limit up limit down thing. Uh. Just to update this examining the timestamps, it appears that the cboe's edgex exchange was publishing, quote updates for 35 milliseconds after gme was halted yesterday with absolute crazy prices. This is a complete, broken piece of market that made other systems go haywire, so these were coming from the edgex exchange e d g x.

This is a completely broken piece of markitech that made other systems go haywire. So this was giving kind of like a false report that the likes of robin hood picked up on and then that's why people were getting these faulty in the money alerts. Uh gme was put on the short sale restriction list yesterday at 1002 and remains on it. Today, this means shares cannot be sold short, except on an uptick, a trade that increases the last sale price.

This is triggered when a stock drops 10 from the previous days close, so it is on ssr, short sale restriction and that's another rule that like people are like well. Okay, like it sounds good in practice, but in reality it doesn't really seem it's supposed to stop the dog pile effect um. But yes, gme is currently on ssr, and am i not getting an update? This seems to be going really slow, especially for only being 11 minutes into the day. No, the halts were not criminal.

The halts were a result of just like really stupid rules, but also just remember when there is a whole, no one's trading it. It's not just something that impacts retail like no one's trading. It market makers aren't trading it retail retails, not trading. It.

Institutions aren't training it when there is a whole literally. No one is trading that equity across all exchanges on all brokerages uh according to ortex. They are borrowing tons of shares on amc. How can they, if it's at 100 utilization, excuse me the utilization number is something that they compute at the start of the day.

Those are not live updates. So, if you're looking at this 100 utilization, that's it of just how we are in real time, but remember. The shares on loan divided by the total loanable shares is how they get that utilization percentage um and that is dynamic throughout the day. The amount of shares on loan and the total loanable shares can increase or decrease that x, divided by y shares on loan divided by total loanable shares those are dynamic throughout the day um.

It is a bit wonky to see both amc and jimmy pinned at 100. Ever since february, 8th and then obviously we're still continually seeing an increase in the amount of shares that are going short or at least on loan, and it makes a little bit more sense in jme, because also the cost to borrow is going up appropriately. And i've been kind of discussing this in the market, update videos of how it's actually really weird, that we're saying seeing the same phenomena in amc, but the cost to borrow is not really going up so a little bit of theoretically. Could this happen? Yes? Is it also a massive rarity to see like some theoretical math situation play out in reality? Also? 100? Yes, so it's it's possible it just it doesn't make the most sense.

What's your take on hymc, i think a lot of people are making quite a bit of money but uh. This is a play that i would say, just don't get greedy with um there's no way. I would be sitting here and be like hey. I saw that it was all at 16., so i'm going to try to ride it up there.

This is a play i mean right now. It is overextended you're, seeing some bearish divergence in the rsi. The price has gone higher, the rsi didn't go as high uh. We know it was diluted to the tune of 200 200 million shares or 200 million dollars worth the dilution is now over, which is why we've been seeing this spike with this.

I would just look at it as i would ride the trend. I have no position in hymc. If i did, my tactic would be i'm just gon na ride this trend uh as soon as the trend reverses and goes a bit bearish. I would just lock in my gains what robinhood f first time for everything i guess matt.

Can you fix rumble uh, i'm trying to get it fixed. I'm trying to like it just seems like their live streaming system. Uh is down for whatever reason this morning. First time, inppb got two dollar call for april monthly imp well, that one's gon na you need oil to pop um.

The bet on imp, you should say: okay. How confident do you feel about oil, which isn't currently a little bit of a bull flag, lower highs, higher lows after swing up, so if this i would say on oil, what i would be watching is that trend line. If you see that breakout, i would feel more confident in it. Your i don't know your your april.

Monthlies might be a little bit too short of a time frame. The thing is that the whole thing happened on the upside, even though it was 13 up in about five minutes. But it didn't happen to the downside doesn't seem automated. It is 100 automated and if you want to know exactly how, because you have to know what they're basing it so we know it's a ten percent band movement deci desk api.

But you have to know how they're basing the value which they're adding 10 and taking 10 away from to calculate the bans, and that's all in the write-up like it's all right there. It is 100 automated there's it's i mean even think about how infeasible that would be. I mean there's over like what 5 000 different equities. It's not like.

There's a person there, who's like okay, let's halt this one. Let's halt this one watching every single like tick of the day. It just doesn't work like that. It almost has to be an automated system uh when the halt happened.

Weeble took away the comment section very suspicious. I mean there's no reason for every anyone to be on weeble anymore, knowing what we know about weeble and robin hood they're like they're, not good brokerages. It's honestly that simple um i would personally, like i mean i already have switched out. I use think or swim for my options and i use public for my stock and then i use ftx for my crypto and i use a tradestation for my futures.

What site are you using to track these real time on your screen? This is called trading view. It's in the description of the video and i believe, if you use that link, you could get a free one month, trial and then from there. I think it's like 15 a month so like 50 cents a day type of a thing uh. But i like it because you get this, you can also see like it has all the crypto.

I mean i enjoy it. I don't trade through this. I just use this for charting. I got some insider info.

Matt course is the man have a great day and thanks for everything you do well that's funny, brett, because i got similar insider information that you're the man. I wonder if we have the same source shout out brett. I hope you have a great day. What site are you using all right? We did that sangria on me tonight, 10-day run needs to cool down, cheers 100 um.

Obviously i don't want a downtrend like i don't want them. I would honestly like for them to be just slightly great. I think that's a perfect scenario um if we can bounce back from here and just get like a slight green push i'll be stoked. If we can close up one two percent, just kind of consolidate.

Have the market accept. These prices maybe reaffirm a particular level of support bounce off. Of that. That's what we want.

I this concept of like continually ripping ripping ripping. That is something that is, it's just simply not sustainable uh. What levels of support am i watching excellent question amc? I am watching 27 and on gme i am watching 160.. The spy just popped question is that is that going to hold micron, giving up some of its gains? How's tesla, looking today tesla swinging back around um uh silken, i mean no one can tell you.

What's gon na happen, especially in the shorter time frame, uh the shorter your time frame, the more you're gon na have the impact of randomness for anyone to say. Okay, like this very short time frame, it's one thing to have an edge in like a longer term prediction, but the shorter and shorter your time frame is no one knows what's going to play out. Literally. No one knows: there's it's just simply too much randomness.

You can pay attention to certain tranches levels of support levels of resistance. You can look at the technicals being overbought oversold and call for some type of like reversionary move like that's possible and you can give some odds to it, but nothing's ever going to be guaranteed, especially on short time frames, to say, like the next minute. The next five minutes, honestly, like the next particular day that it's too short of a time frame, there's too many unknown variables to really be like okay, to consistently call something like that. You can get lucky once in a while, but it's just it's and that's actually kind of the difficulty of being an active trader versus a longer-term investor uh.

It's definitely far more difficult to be an active trader than it is a long-term investor. But if you're good at it, you can make a lot more money. Um, it's just more difficult to be good at. Why don't you use voyager anymore? I do use voyager.

I still have my voyager account. I just um to me when i'm talking to you guys about like what i'm actively training on right now, i just like the ftx ecosystem. It's growing rapidly. They have a lot of cool things.

I still have my voyager account and i don't really have any issues with voyager. It's just all my new buys. I spend less money on transaction fees, i'm saving myself money by trading on ftx. So it's a little bit more of a like.

I guess just like a quick financial decision. Like i pay less in transaction fees uh, i feel like a lot of people hate on matt because he refuses to give confirmation, bias or hopium. Isn't that so wildly dangerous, though, like i i feel like i don't know, i do get hate for it because they're like why isn't he just agreeing that everything's manipulation and guaranteeing that we're gon na mow ass tomorrow, because that's dangerous the people who are doing that They're lucky the sec doesn't destroy their entire life, especially people with a following. You have to be honest, i am not a financial advisor, i am not clairvoyant.

I cannot tell the future. Nothing i say is a buy, hold or sell signal. I'm in the play. You can see my position on public.

I think i like what's going on, but also clearly there is risk, but this concept of is there crazy, illegal illicit things going on. In my opinion, yes, but that doesn't mean we have to make up random things where people have their tinfoil hat on way way too tight. That type of stuff is what will cannibalize the community, because all of a sudden people are throwing out this crazy rhetoric and then all of a sudden, we have absolute like the respect, the minimum respect that we have goes even less, because people are going to see These insane things, when i say people i mean media and people in positions of power, they're gon na be like wow. This group just doesn't really seem to know what they're talking about.

If your goal is to actually improve the markets, we need to present ourselves in a very technically accurate and like socially put together manner. Regulators and politicians will brush us off if we don't know what we're talking about and all of a sudden. If we are presenting things as manipulation that someone like dave lauer can disprove within one second of like hang on you're missing this this, and this we're just gon na, be laughed at we're not gon na like achieve what our overall goal is, and i really really Think that we need to improve the system, especially if you're looking for moas. If that's what you're looking for like we, they already took the buy button away, and that is still apparently something that is allowed.

We need to improve the system. That's around us. We need to improve the fragility of the markets, not just for amc and gme, but for literally every equity. It's like it's almost crazy that we're expecting something different to play out in the exact same rules that we already know.

We have that are messed up right now, the likes of robin hood weeble, these brokerages they can still take away the buy button. We need some sort of like legitimate regulatory change if you're hoping for a different result. What else do we have? Oh matt is manipulated by the suits i mean it's time will tell time will tell given enough time. Truth always comes to the surface.

The truth is not something that can always be hidden, and time will tell when it becomes apparent of who's, been telling truth. This entire time who's been actually sharing appropriate, proper information, and i strongly believe the other ones will rapidly fall off. Can you transfer crypto from ftx to a private wallet 100 uh thanks matt, for telling how it is not hyping up anything like people in the community do love what you do thanks. I mean, i know a lot of you, maybe aren't here for the whole fight against manipulation, which that's fine.

I don't think everyone has to be. You got ta, do you so the rest of you? I can only assume that you're here exclusively to make more money. You're trying to learn about the markets and improve your financial situation. If you happen to be in that particular boat, wouldn't you want to have a realistic view of what's going on opposed to an optimistic view? Optimism and pessimism does not pay in the market.

Realism is the thing that makes you money in the market, this concept of being emotionally, driven, whether happy or sad. It doesn't matter how much you want something to be. The market does not give two shits about that. You wan na to be successful in the market.

You almost wan na be a cold robot and like just take in the data, and the numbers for what it is. A glitch is not realistic. What glitch was there what's realistic is just that robin hood is a exchange and they were using faulty data from edgex and they erroneously alerted people that their options were in the money. Does the little descending fishbone pattern on the spy have a name uh i mean i, i actually like your name, the little we'll call it the descending fishbone pattern right there, melo, you got to name it kind of like darwin.

When you discover a new thing, you get to name it uh. I did get a response from okay yeah here. Let me check blah blah blah. There's maintenance going on on rumble.

That's why the rumble stream isn't working right now, they're just doing some basic maintenance, so hopefully, by the afternoon, we'll be up and running uh big spread on bid. Ask on jimmy. What does that show? It shows that actually well there's various ways you can interpret it, but generally it actually shows that it's kind of being driven by organic bids and asks at the moment opposed to market makers providing liquidity. But that can change just like that.

If market makers want to tighten the bid and the ask and provide that liquidity they can, but i'm assuming maybe on their like client side, there might be. I feel like some of these bigger players, including market makers, but kind of these hedge funds as well they've. I think they're apprehensive about amc and jamie because they know how bad it went and how quickly it went that bad for melvin capital uh almost like a little over a year ago. I think the players who are going against amc and jamie like the smart ones are probably like this is just so crazy and it's outside all of our models that we should just not touch it.

I've tried to take away the buy button from my wife. Dozens of times it never works. You think robin hood will tell me how to accomplish that. You should reach out to them.