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Dumb Money w/ Matt Ep. 162
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So hello, moon gang what in the world is going on, i'm being i'm being put into the dark pool by youtube. I'm getting all these like weird messages about interlacing videos - and i don't know it's gon na be one of those afternoons sounds like big tech is on the exact same freaking page, that i guess the markets are on hey at least we're seeing a bit of a Bounce right now, i'm i'm sorry hey, i youtube is fighting with everything and it now looks like both the twitch and the rumble stream aren't down, but the youtube stream is up, and i guess we just have to keep it at this point, because i'm already now, Eight minutes late, my apologies i'll. I was supposed to have potential, and yet here we are another day of just barely keeping it together, folks, barely keeping it together. Oh man, oh man, oh man, oh man, they'll one day, they'll, feel my wrath.

They'll feel my wrath. I'll remember this: the november 30th dear diary today i have decided that youtube is my enemy. Wi-Fi must be bad in your parents basement. I freaking wish.

That was the problem. I wish j-pal tapering your stream, that's what it feels like. I i just don't get it like it's. What the problems with streaming on youtube have clearly increased over the past like week and a half.

Now i don't know, what's going on and most of the time it's working on twitch and rumble, and then this time youtube just went full scorched earth and they're like we'll, allow it to work a little bit only if you're here like it's just maybe it's a Stream, labs problem, it's so it's all so ridiculous. This this whole thing is ridiculous. Um, i'm getting emails from youtube. Super late, they're like you're, live now they're like yeah.

I don't know it's not an internet. The internet's full, i'm etherneted in it's. This is not an internet issue. This is a i'm just trying to point out that i'm not the problem, i'm once in a while.

It's important in your life to know like if you are or aren't the problem, but i think we could all agree that my current potential is undeniable. All streamers are struggling with connection today. So it's not just you. That's what i'm saying i like.

I legitimately think that it. This is like a like a big tech issue, matt with your alligator video. I tried it today and would have made six percent gains on amc with that strategy. Nathan, congratulations! Uh! Actually i have a whole another strategy.

I want to go over with you and i think this is the perfect time to do it. Let me just get set up here, so we could talk about some strategy stuff. I hope you guys, like the alligator one and now this is a good time to talk about a different strategy. Welcome back to strategy talk with hey me: matt uh, the guy, who also sometimes talks about dumb money, and i i very much want to have a discussion with you about another, very, very popular technical indicator: the rsi relative strength index.

Now this particular indicator very, very popular, arguably like a most popular top three popular indicator out in the world of trading. It was created by a handsome devil. I believe his last name was wilder just a fancy. Schmancy like mathematician type of a dude.
The rsi is on the bottom here now, there's a very good chance if you're on trading view, you'll find it you just drop it down: click rsi relative strength index, but no matter what platform you're on it's so popular that you're most likely going to be able To find it, as you can see, on the bottom, the rsi has values of 0 to 100. in the world of technical analysis and technical tools. It is referred to as a momentum oscillator as it kind of goes up. It kind of goes down.

Bounces around puts its hand in takes it out, sings the macarena, it's that type of an indicator, but anyway, values of 0 to 100, and what you can use for. This is basically to see what kind of trend we're currently in as it as the market goes up and up and up you're going to see this go up and up and up so with the values of 0 to 100, 70 to 100 is considered to be Various things you could consider it to be overbought, you can consider it to be a lot of bullish momentum, maybe a little bit too much bullish momentum or you can consider to be a strong upward trend and then 30 to zero would be the exact opposite. That's a lot of bearish momentum, it's a strong bearish trend or it could be considered to be oversold. So that's the rsi kind of in a nutshell and, as you can see it right here, it oscillates so at one point we were considered to be very overbought around november, 8th, very, very high after quite a bit of a run from 428.

All the way up to 472, you see this nice trend all the way up and down. So knowing that kind of the high level view momentum, oscillator tells you about momentum, tells you about trends, bullish versus bearish and has values of zero to 100, and that's why i have it marked out here of like okay 70.. Above that, maybe it's a little too bearish, maybe it's getting a little extreme and maybe it's time for a bit of a breather or maybe below 30. Maybe the bears are now running out of steam.

Maybe it's time for bounce type of a deal so with the high level view of what this is out of the way. Now, let's get a little bit more into the nitty gritty. So exactly, how is this calculated for all my math nerds out there, who are always saying, but why? But why? But why? Well, what you need to know about this is it's taking in the previous x amount of bars and it's looking at the average percentage gain per bar versus the average percentage loss. So, for example, when we're seeing a lot of gain gain gain well, the value is going higher and higher and higher, and then, when you see some continual loss loss loss, that's why it goes lower and lower and lower.

It's always. The average percentage gain relative to the average percentage loss over the previous x bars. Now i'm saying x bars because there's various things that you could do most of the time you're, taking into account the most recent 14 bars. It's also pretty popular to take into account the most recent 10..
If i were to click on this right now, this one's currently taking in the most recent 14., that's probably the most common, but also tens up there. I've also seen two i've seen five, but i'm saying x bars because it depends the time frame. You're on you could use this right now, i'm on the daily chart. I could drop it down to the 15 and it still takes into the account the most recent x bars, whatever time frame you're currently on.

So this is the most recent 14 15 minute bars or if i go to the daily, it's the most recent 14 daily bars or you could switch it to 10 yadda yadda yadda. So that's the math of it. It's always a comparison of positive gains or negative losses. How is it doing in relation to each other? The more gains there are.

It goes higher and higher the more losses there are. It goes lower and lower. So now that we know the math behind it and the general overview of what is going on, how can you possibly use this to trade? How can you use it to make yourself some moolahs? Well, there's a couple different techniques and i want to cover some of them right now with you. So one of the most popular ones - and i want to highlight this right here - is actually referred to as divergence.

So if we zoom in on this you're going to see that the s p 500 actually made a new high, it went from 4765 to 473.54, it went higher, but the rsi didn't. This is called divergence and in fact it's referred to as bearish divergence. The reason it's called divergence is because the stock went higher, but the momentum didn't, as in there was less bullish momentum at the new high than there was at the previous high. That's the mismatch and because we're talking about highs and the rsi going lower, it's referred to as bearish momentum.

Now. This is pretty much indicative of a need for either consolidation or potentially a selloff and, in fact, that's currently playing out in real time. We see bearish divergence in the rsi new high in price, but not in rsi, and then bam it's being hit right now. Now it's a little bit different of what's going on in the world, but it is interesting to see in a certain way.

It was kind of priced in in this technical indicator. Now there are other circumstances where you can see bullish divergence, so let's rewind a little bit to september 20th and then also october 4th so check this out. Even though the market went lower, we went from what was this roughly 428 86, all the way down to 426.36. So, yes, the market went lower, but the rsi actually went higher, as in there was less bearish momentum.

This time around than there was on the first low and look at that right from there we saw a push higher. So this right here is an example of bullish, divergence and then over here you have an example of bearish divergence, basically they're, both a sign that the trend is about to reverse. Now this is one of the most common signs of a reversal and one of the most really it's a very common trading methodology and it's applicable to many different time frames. Now with that being said, i would like to suggest that, with this, it's kind of common to be using it also with other indicators.
There's no one indicator that i think is the end-all be-all and you should use it by itself. So, for example, you could use it with the moving averages. You can use it with something such as the macd. So, for example, if we paired this up with the macd, you could see that there's bearish divergence and that might make you think, okay time for a bit of a reversal, and you might wait for the macd crossover as your signal so somewhere in here.

You might feel a little bit more confident of maybe locking in your gains or getting some puts or betting against the market and on the opposite side. You see some bullish divergence right here, and maybe you want to wait for the macd crossover which happened on october. 8Th you get in here and then you ride the trend all the way up. So once again, this is just another example of yes, it's a good indicator, but i find that these things have higher utility when paired up with other indicators that are used as filters, because you want to be much more specific about your trades.

But once again, this indicator, it's a very common one. It's referred to as the rsi relative strength index momentum oscillator, and it's just comparing the relative gains versus the relative losses of the previous x amount of bars, and i like it particularly to see this divergence divergence between the price action and what we're actually seeing. In momentum, that is the rsi all right, so there's your rsi breakdown, we're going to be adding that all up with. I really like this this concept previously of doing the like the alligator.

Now we did the rsi i'll do a macd one, so really honestly feel free to comment feel free to dm me uh, whatever technicals you want to learn about. If you want to learn more about white cough, if you want to have like particular options, i love doing this type of stuff, like the quick little like education like a minute two minutes three minutes of like what is this? Let's do it. I mean i love spreading this knowledge. This is the exact type of stuff that is like honestly kind of my bread and butter of.

What's going on, i think, sometimes with market structure. That stuff gets a little bit more in depth and it takes time, but just say: hey, i'm new to training. What in the world is this? How can we use it? That's the type of stuff that i think a lot of, especially the newer apes, can benefit from just to build up their own tool set. Now a lot of people are going to end up creating hours of that type of content and it's good content.
But then they end up putting it behind like i, i would consider expensive pay walls well. For me, i'm just like well, hang on. I know it. Let me just take a couple minutes on a stream to explain it, we'll clip it, throw it on coors light and give it out for free.

The market is scary. Please tell me it will all be okay uh, it will all be okay. I mean look at any of the major drop-offs before it given enough time. It ends up going positive, explain, fibonacci.

We could definitely add that to the list. Fibonacci v-ops, another good one, i'm seeing all these. These are all great suggestions, i'll just um i'll put them on the list. Uh y isn't called convergence because they're going the opposite way, they're diverging if they were converging.

That's actually another trading salt, like another trading methodology, with the rsi of when it gets like too overextended like when you're pushing an rsi of like 90 and the market hit a new high new relative high. That might just be time of like oh okay, it's run enough. It's time to lock in some of these attendees type of a deal, fib fibs another one. We could do fib extension and retracement i'll.

Add that to the list chart patterns, we could do that. I could do something like the top three, the top five, the top ten chart patterns, finding examples of all those and make a video. That's another great suggestion. I'm gon na start writing these down um.

So you guys want vwop. You want fib chart patterns. So a lot of the stuff we end up going over, but silly uh, i never clipped it so like there's not like one nice place where it all lives. Credit spreads.

We could do that credit spreads. Credit spreads is actually probably already on um, most likely already on coors light. Just so you know stochastics, i'm just writing a bunch of these down that i see bollinger. What's the difference between rsi, okay, that's another one: stochastic rsi um, that's a good one! There's it actually gets even more in depth, so with rsi you could use like a composite rsi.

So what that means is, you would use the rsi of like the 2 bar the 5 bar the 10 bar and the 14 bar um, so it gets even more in depth. I paid my dues in market gods to learn patience. I've never been so calm down. 20, thanks for being a persistent teacher, shout out duke macd uh, all right, we can macd i'll, throw that on the list so and we kind of somewhat emoji emoji training.

We already did that. I love always uh wyckoff. That's definitely on the list. Uh.

I see a lot more people speaking about white coffin, wanting to learn about it um. So the reason i have lift up here is actually because it was an unusual whales alert and in the discord uh the moon gang discord. We were talking about it and trying to think of the best way to take advantage of some of these alerts and we're kind of testing something right now on lift, and let me just show it to you uh: where is the lift one l-y-f-t? It came out around, i think, 1 p.m. Maybe l-y-f-t! Yes, okay! So here's what unusual whales looks like.
So we were really focused on this. We saw the market bouncing. We saw some interesting activity in lyft and then we saw that this was fired. It was actually a free one, but uh in the discord.

We have kind of uh an idea going and it fired at 32 cents was when the alert came out to kind of test it in real time. I, like actually created the position myself like i put some money on the line i got in at 38 and it's currently trading at 45. um. So it's definitely up right now and we're just trying to think of a nice way of like okay, like what's a reasonable way.

You can continually make five eight ten percent and we're trying to utilize it through unusual whales alerts and thus far i mean this one's up 17. So i mean it actually worked out pretty well, so we have some ideas going on in it in the discord over there because i know sometimes people get really mad if you're talking about active trades that don't relate to other things, but in there hey it's very Much more about making money and lyft was one and the other one. I didn't take it, but i know some people in the discord did - and this was another unusual whales - alert that like kind of hit, the other criteria in the group was a palantir put. So the palantir put what was interesting about it was.

It was a longer time frame, so i should clarify that this lift one. It was for an expiration of this friday, so it was very, very timely, while the palantir put was for january february, the end of march. It was a 15 put for the end of march, so a little bit more time going on there um interesting. I didn't take that myself, maybe if the lift one works out, maybe i'll take the profits from this and just try to roll it roll it roll it and see what we have going on, but the palantir.

I still think there's a money-making opportunity here with it. It just might take a little bit more time once again that was for march, while the lyft one was very much for this friday, which is why it kind of caught my eye i wanted to see what's going on, but thus far working out better. I got in, like i said around one in here at first it looked good, then it looked a little bad. Now, it's looking good again um.

The fact that it expires this friday means that theta and volatility are against me. So if it continues to push into close there's a high likelihood that i close all or a high majority of these call options, but just testing out some of these unusual whale alerts. Um she right now hanging out at 48 would very much like it to push past 54-55. Someone said that the spy is coming down.

The spy is coming down right now. Cues are coming down, iwm, actually looking a little bit better but coming down in the short term frame, but the spy looking heavy there's a good chance. This relates to pal. Yes, the market is down today the spy, the q's iwm.
A lot of it relates to the new unicorn variant, but also on top this pal says, fed, will discuss speeding up bond buying taper at december meeting as in increasing the rate of taper, as in like stopping their bond buying and remember this policy of unlimited quantitative Easing has been the thing: that's been pushing the market higher and higher and higher the federal reserve. Chairman jerome powell said he expects policy makers in december to discuss accelerating the time tillable for the tapering of monthly bond purchases. So, prior to november, they were doing about 120 billion per month between bonds, treasury bonds court. Like all this stuff.

In total the number was 120.. They are at the rate of chopping off 15 billion a month so november we dropped down 15 and then also december. They already announced they're doing it for 15, so that would mean like in january, we're around 90., but apparently they want to discuss in the december meeting should we accelerate the rate at which we're going back down to zero for all this bond purchasing. Now, with the bond purchasing, that's it means we're getting rid of the backstop behind the stock market and that's why, on top of the unicorn variant, you're, seeing some negativity today because of this like this speeding up um with it, depends on if you're on the dovish Or the hawkish side, so if you're dovish well, okay, you're not gon na like this, but if you're hawkish and you're worried about inflation, well, you're going to want the bond purchasing to stop pretty rapidly it's very much a balancing act, you're weighing out unemployment versus inflation.

If you care more about like getting in front of inflation and stopping it before it's very bad, that's going to be more on the hawkish side and if you care more about unemployment and keeping in as low as possible, not really caring too much about inflation. You're going to be looking at this as like: well hang on, maybe not like the best deal. Speaking before the senate panel, he said: tapering could wrap up a few months sooner than pis anticipated, so they were looking at june. So if you do the math out 15 billion cutting off every month, that kind of puts you in in mid-2022 that would open the door to interest rate hikes thereafter.

A lot of people are kind of putting like a 50 60 percent chance of a rate hike around september of 2022, and the chance of at least one rate height by december of 2022 is extraordinarily high. Exceeding 90 percent powell also said it's probably a good time to retire the word transitory uh to describe inflation. Now i find this to be particularly funny because for a while there paul was saying inflation, transitory, transitory, transitory, as in not permanent. Now, what's funny is in the november meeting he came on and he was acting he's like i don't know why.
So many people are fascinating with this word transitory and what was going on in the general public. What do you mean transitory, like obviously, inflation is very serious and people were kind of assuming as in it it seemed as if the fed was there saying hey. We think it's transitory, because we just don't think it will last forever as in. If you give us enough time, inflation will go away, which is like okay, obviously yeah.

So if you're looking at places in history, such as germany, following the war that was like ten, it was a decade of craziness super high inflation. So if you're, like oh yeah, that was just transitory because it was only 10 years. Well, i guess so so powell didn't understand why the public was really hopping on that he's like there's so much fascination with the word transitory he's like well and in real time. He was like borderline gaslighting us saying like i just don't.

I don't see why, and he was like in real time changing the definition of transitory from, like some reasonable small amount of time of like it's just here for whatever a couple months, maybe a year or two of like as long as it as long as it Ends like we'll call it transitory as long as at some point stops before the like end of time stops we're going to call that transitory. That type of deal so now he's hopping in saying uh. We should probably not use that word at all like it's just it honestly, like just seems like a weird way to cover his ass on this whole deal, but that's what's going on with the market today, you have the s p 500 down 1.75, which is notable The queue is down one point: six, five percent and the russell two thousand down one point: seven, eight percent both of these are down into a notable degree and in reality it's a combination of the comments from powell and yellen in front of the senate today, and Also, the unicorn variant - these lift calls are crushing it so shout out to the discord right now. Uh.

If you took the play um, i kind of want to let it run, but i myself will be locking this in today i mean in one day to be up. When am i already up 26, like that, that's a good percentage trade right there um my next level, just a little trade, a little baby trade using the unusual whale alerts, hey matt, it's molly james turns 37. Today shout out woohoo. I confiscated his phone for the day and will be taking him to amc tonight to see ghostbusters.

He kept yelling at me by the dip. My first super chat shout out. Molly shout out james, make sure you tell james, i say happy birthday. I hope you guys have an awesome night.

I hope you enjoy the movie, hopefully you're getting some good dinner and don't forget to get some of that extra popcorn too celebrate turning the big three seven club foot billy. I feel like a fish out of water right now, yeah we took club foot billy away from twitch, just because youtube and streaming - i don't know these connection problems. I don't know. What's going on folks, i'm just i'm just a a guy who has an affinity for ducks trying to teach about technical analysis trying to talk about some of these alert trades to make some extra money i mean.
For me, that's in i mean i'm not gon na complain. That's that's! I'm up! 420 bucks. That's an extra 420 bucks that could get me through a week of cheez-its in sangria folks. I mean i'm gon na.

Take it where i can get it, and that was shoot that paid that paid for unusual whales and the discord no problem is amc dead. I don't think so. Isn't it up like hundred percent this year? Sixteen hundred percent this year can you see the ortex on lyft uh you can, but it's i mean i please, don't think that everything is just a short squeeze play like i'll show you the lift numbers but, like i don't think it's squeezing squeezes are like not As commonplace as like amc and jimmy would have you think that they are the short interest is 7.5. I was a little bit iffy about it, i mean, and this is actually what we were discussing with uh all the moon gang members was like.

Are we catching a falling knife and that's what i was worried about, because all i saw was boom boom boom? So so, but fortunately it was in this region of consolidation. So i was like okay, it has support around 40 and the rsi bringing it back to our rsi explanation. It's very oversold it to the point that, like it's, a strong bearish trend, but now it's so extreme that the bears might be running out of steam. So i'm hoping like yeah just quick little pop, like i said, uh it's for a 42 strike that ends this friday, so it's a little close to the wire for my liking, but i wanted to play the alert the way the alert was presented.

So it ended up working out which it was like a crazy day. Four to work out. I mean this is just cruising cruising cruising cruising we're now up 39 39 and i've been in this trade for two hours. That's crazy! I like this austin.

If you're listening right now, we definitely need to track this one down in the excel sheet. Shout out to denmark. Turning 38 today shout out martin draftkings, let's see what's going on with draftkings dkng um. Actually, i remember, i saw on draftkings bouncing back draftkings in the big picture.

Talking about like look how overextended this in, like i am a long-term bull on draftkings. This to me is a great time to get in. Look it. It's so overextended on the daily.

It's from 64 all the way down to 34.. What's that a 45 selloff, something in that range, i don't think sports gambling is gon na go anywhere as in terms of disappearing. I think sports gambling online sports gambling is here to stay. It's that support it's at support.
It's oversold to me, maybe not necessarily the best options play at this moment in time, but in terms of an investment buying, something while it's cheap in an industry that i i think has a very bright future man. Oh man, i think you're, just picking this up on a discount, um pen, same thing: it selling off from 142 all the way down to 50. uh you're remember before we were talking about bullish divergence check this out check this out right here we can do it In real time, real-time, real-time real time so you have the stock has gone lower, but the rsi is higher. That's bullish, divergence on something, that's oversold in an industry that i like.

If i had a sizable amount of extra capital - and it's had support man - oh man, how much better of a trade can this get once again, i'm not saying oh get in for calls like do calls for this week. I'm saying this: this is an investment like, let's not get wired, that everything is like a one day one week mega trade. Sometimes you have to let time time play out you're. Looking for good opportunities, a breakout support, support, support, bullish divergence.

The rsi is overextended. It's in a sector that i like this is this: is a dip buy opportunity and then, if this one doesn't work out, you average down at 40, your average then becomes 45 and you sit and you wait and you wait for pen to recover uh. Can i guarantee anything absolutely not, but man, this is looking like a good one, so i mean - and this is similar to before for the past three weeks - we've been talking about lucid of how good this is looking still bullish on lucid. I think sometimes we got to get in the mindset of these other plays to build up our portfolio if you're all in on one play.

That's fine, but other people in here. They need to continue to pay bills. They need they would love to buy more shares of their original play, and sometimes you have very nice plays dropped into your lap. This play was dropped into our lap by unusual whales.

We've been calling out, lucid, i'm still calling out pen, i'm still calling out draftkings. I think they're training at an absurd discount right now and given enough time, i think they're going to do very very well. What else do we have? What else do we have going on uh my thoughts on snap? Someone is asking about snap who asked uh, skippy skippy, skips skippy, wants to know about snap uh. So snap, yes overextended but did just have a technical breakdown.

Uh seems a little bit better around 44 to me. But, yes, you have bullish divergence. Snap is kind of weird it's sold off because it really missed on revenue. The advertising going on on snap was not a good one, so you're hoping that it can bounce back this one.

If i see some strength, if i see it start to bend you'd have that opportunity because of course you have this gap. He'll play up to 74 dollars training at 47, but with it i i'd want to see a bit of strength. But yes, you said you see bullish divergence. I guess it's in the realm of support, if, if this had like one valley bar set up like where you exceed the high of the previous day - and you close above that, that might be a good signal on snap.
So definitely i would put it on my wash watch list, but i don't know if i would necessarily strike right now. Let's see if there's been any alerts for snap today in the options market yeah, so there was a call but also a put uh yeah. So in the options market today, there was actually puts for this friday, so you're kind of fighting against some of the things going on there. That was oh, no, no, no scratch that sorry.

That was yesterday. So nothing really fired today on snap. Let's see about draftkings! Sorry we're on 11 30.. I just need to stay up to date with today so draftkings.

Unfortunately, there was still puts that fire today. There was also a call that fired today, so a little bit of a mismatch information. Those were the two today, let's see about pen, national gaming pen, national gaming, there was one fire today and it was a call, so people potentially starting to buy that dip and that wasn't for this week that was for next week. This is interesting, so penn national gaming, a 57 call for next week.

Let's check that out. Let's think about this: let's put our big brains together and see what we can come up with penn national gaming, 57 call for next week buying it off of it 57. I kind of like it i kind of actually, if i'm being completely honest, i like a higher strike price, but for farther out, like maybe like a february 70, something like that for this gap. Oh there is no gap, though we've already filled that gap okay.

So i either like an out of the money call with a lot of time or literally just buying stock. At this point, um, but unusual whales did fire an alert today around 10 12 this morning for the 57 call for december 10th. Um, that's interesting. I think i would probably end up, but there was also a 63 on the 24th.

There was a 55 on the 18th interesting people. I mean the options market people are starting to buy bullish, bullish, bullish, the 18th, the 24th, the 30th interesting. How does that look? Intraday, it's it's actually like if that fired early this morning in here, so at first she would have been pissed off, but now you could have played it. Look at the over extension and the rsi.

If you came into it, knowing you were bullish, you could have played it right here and they're like oh there's, strength time to get in at first, you would have been a little bit wonky, but by now you would have been pretty happy and even if you Paired it up with another one that we've discussed, such as, like the macd, i'm like all right. Maybe you wait for the crossover right here. So if you're using the rsi, slash, macd slash unusual whales as like kind of your three filters, you probably could have had a really nice trade today on that really nice trade uh. What do i think is happening with amc right here? Um, it got overextended at the 33 and buyer stepped in and we're looking for the break above a 34.50 34.50 um.
Just so you know the lift play that we're up right now or we are up it's up. 41. 42. Not a bad deal like i said.

I'm gon na lock this in because it's a easy, 640 dollars for me. Why not got ta pay off that unusual whales bill somehow got ta pay off that cheesen bill. Somehow she looking good at 49. Uh would love for this to get back above 50..

How do you feel about prague still squeeze play vortex uh? I still think it has like that considerable, like potential, so prog, i'm very interested in prague because of a fellow by the name of true demon. I highly recommend following him on twitter. He has great dd specific to prague, but also just about market in general, and we were literally just talking with him, i'm fortunate enough to be graced with him in the discord so um, it's nice to be able to talk to him, and we were just talking About prague and kind of his current thought process on so not ethereum the crypto but ethereum like the medical conglomerate and kind of his thoughts with it and what's going on so i highly recommend checking out his twitter for some update, updated ideas on prague. He's much more frog informed on prog than i am, but my own opinions on it is it's an undervalued company.

It has a high enough short interest and option chain action that i think it could squeeze, but i'm not in it particularly for that if it does squeeze cool i'll lock in my gains i'll, let it come back down and i'll buy more, but i'm actually in Prague because i i think it's legitimately undervalued the same as pen the same as draftkings, not necessarily the most interested in actively trading them. If i have to hold it for a couple weeks couple months couple years, i'm willing to do that because i think they're all just undervalued in the sectors that they're in right now so lgvn is a little bit interesting. I i know that they got approval hang on. Let me get rid of this mark lg vm.

They got approval for fda approval, for a drug that, i believe, helps infants with heart defects. Someone please correct me if i'm wrong, so on the time that they got approval that shot up when it shot up. I just saw it move and move, and i was like. Oh i like.

I miss the party type of a deal, so i didn't have a position we're seeing divergence in the rsi if this gets above 36 14, especially if it uh. What is this, what is this high 35.75? It gets above that and closes above it. I think the party's fully back on, but please be worried about volume exhaustion as in when it keeps going higher, but the volume goes lower and lower, see how the volume is going lower and lower and lower. That's a phenomena referred to as volume exhaustion to me.
I would be careful, please exercise caution. You're late to the party, this stock was trading at three dollars. There was a ton of enthusiasm and i'm in no way saying. Instead, in fact, if it goes above 35.75, i think the party's fully on, but just be careful with it, you make sure your risk is tight and like adhere to whatever your risk.

Is you don't want to get blown out of your position? Oh, it has new news today: uh. What is the lg vn new news today? I didn't know there was new news: lgvm um shares are trading higher after the company entered into a sponsored clinical research deal with jab jab japan's national center for geriatrics and jiron. I don't even know what that is gerontology. What is this germantology uh, especially issues of aging or professionals, in various fields, of from dentistry in psychology to nursing, study of old age, the process of aging never heard of it? You learn something every day.

That's the word of the day, gerontology doctors for old people, so we got some news there, a new deal with japan's national uh, a sponsored clinical research deal. So that's the news on lgbn. Thank you for bringing that up. I appreciate that what will give me a better return on investment on my 2k month, bloomberg terminal or thick cores.

Only fans um return on investment. I mean i don't want to be like bashful or anything, but i think strongly it's going to be. I think it's strongly going to be thick cores. Only fans um, there's no other entity out there that stores so much thickness in such a little place beyond the thick cores.

Only fans and yeah, it's expensive, a lot of people yell at me, matt matt matt. Why do you charge 420 and 69 cents a day for your only fans? Folks, i'm not a businessman, i'm a business man and that's my business thick horse thick core is llc incorporated in the nearest cayman islands, for you, uh do. I know about arrival. Uh, a rival like this thing, arvl, what's it do motor vehicles, i do not know about it.

I see that's been sold off, but it's to the point of over extension. I would look for like a reversion. I would look for reversion off of it, but i don't know too much about like its fundamentals. It had a lot of excitement sold off lower highs, but it's sold off so much that you think that there's a little bit of a reversion play.

Maybe if it builds up some momentum, you could get a gap bill up to 13 bucks ethan, i'm wheezing. When is the thick course clothing line? That's the issue is all of our clothing suppliers. They get mad they're like there's, no way your smallest orders xxl, like that's like what we start at in thick cores, thick cores, llc inc, um, it's just xxl on everything like from hats, all the way down to your socks. It's like! Why do you just start at xxl and it's just we're cool we're hip we're trying to fit in with all the gen z, kids and wearing cool baggy clothes uh someone's asking about tesla tesla tesla tesla's? Looking good, i mean look at this: are there any tesla trades? Let's see if there's any tesla alerts, tesla tesla 30..
This was fired at what time 223 a 9 50 put for friday, whoa there toledo holy moly guacamole, so today, at 2, 43. So 15 minutes before i started training and 9 50 put for friday for friday but sir. So when did this fire right around here, so it fired right here for a 950 put a 950. a 9 50 put for friday and it's tuesday huh huh.

Am i missing something friday, a 16 away? It fired at 1 140.. I mean i didn't take it, but like that i don't know. I don't like that trade. This is looking.

This is looking good to me. Let's see if this one ends up printing money, i'm not going to do it because, like i i see like it looks like it wants to break out to me. It looks like if it gets above 1440 test test test test test, i'm seeing strength right now. So if this thing ends up gapping down tomorrow, i demand an explanation because it means someone knows something that we don't know, because it's like the opposite of.

What's going on in the chart, i didn't take the trade i'm not going to take the trade. I see the exact opposite of what this trade is suggesting. What do i think about loopering like it? Have it love it bullish on it like it love it want more of it someone's like oh pelosi, but lucy must know. What's going on uh good morning, your clothing line is so thick.

Gianna michaels refuses to appear in scenes with it fear of being overshadowed oh lordy, lordy lordy is this split coming hasn't been announced? If it does, i bet the market goes higher on that unsaid news. Uh so unusual wills or typical, i use both actually i've been using tiblio as well to see because i like to see where it pairs up, because it's the way they're interpreting data is a bit different, so um i use them both. I don't know i i i understand that that's not like that helpful um, but i like to see when i see convergence of like what's going on so, for example, okay. We see that there's something crazy going on in goldman sachs today, but then, if you're looking for a little bit more of like finite information of how to play that you could check it out here: goldman sachs and then you're like oh okay.

Well, nothing really happened today. There hasn't been much going on there so, like i like to see when different data sources that are looking at the situation from maybe not necessarily the same position are kind of converging on the same solution. Thick boy, it's brendan schwab's, clothing line. Oh really, he has one called thick boy.

It's it's because your thick baby is taking back. Its price. East east is looking strong folks if you want ethereum or crypto right now, if you're trying to buy like the dip, um voyager voyagers, where it's app, you download it to your phone. Let me put it above my head: if you don't have it get it download it throw in that code matt21 as soon as you, trade 100 of any crypto, you get 25 of bitcoin.
This is good for everyone in the us, excluding new york. If you need something else, check out coinbase or gemini they're in the link of the description, if you're an international person recently i've been hearing more about ftx. I don't have an ftx account, but i would love to know anyone's opinion on ftx and, if you like, it, don't like it um once again ftx. I was just reading about it during break and it seems like it has a good display of cryptos and options and all that stuff uh.

So reek's platform, you said you got ftx, do you like ftx? I haven't used it if i'm being just transparent with all of you. I was thinking about making an account and testing it out and seeing if i like it or not, all right, uh thoughts on lac, long term uh, i like it lithium - is high demand. Uh low supply lac, it's a lithium miner. I don't know about arrival thoughts on strn, look strong for red day strn.

What is that strn uh, so very low volume for 350 stock? It's it hasn't, even traded a million shares and it's very cheap. So i'm not the biggest fan of that and it just started trading in general, so not much of a chart to go off of. I do like that. It caught itself at 285, advertising and marketing.

It's just it's a new stock. It's it's not that popular by low volume, it's just not being actively traded, so i don't really have much in-depth thoughts about it. Um if you know something about the fundamentals, maybe that's different, but from the technicals just started training, i'm not seeing much interest. 774.

000 traded for a 350 stock, it's actually below its average volume, uh n-u-z-e for a quick after hours, bag n-u-z-e. What's n-u-z-e and u-z-e, looking good, i mean well, it did get pummeled, but now it's kind of bouncing back and then sold off again found a base. Could be if you're, okay, risking 350, if you're, okay, risking a dollar roughly, i don't know 20-ish percent, which is a bit of a wide risk but hey if you're, okay, with risking that that's your support, you're looking for the breakout of 5 30 and then maybe You get that test of 760. where's the twitch stream um whatever's, going on today with streaming.

It's been a hard technical day, so it appears that both twitch and rumble are down right now. International person sounds very james, bondish, i'm so international. My bathroom has a travel ban on it from my kitchen, hey matt, come check out my videos. I love your stuff.

I've been watching you for a year almost bought a bunch of shares today because i love this song shout out trading with tanner uh. What's your opinion on adgi, not much of an opinion? Uh went up well a big run, but then went red on huge volume that came out of nowhere 19 million uh. I feel a therapeutic something had to be announced like there had to be some sort of positive announcement that got this going if you're late to the party um on a therapeutics, yeah apple's crushing it, i see a lot of people saying apple apple. So today was interesting: there was a call and a put so the put was for short term, but the call was for a long term.
A 2 30 call for january march april may 20th, a 2 30 call, that's already probably up jesus jesus louise's, and then they have a short term put for not this friday, but next friday, similar to tesla. I kind of disagree with what unusual wales is saying because tesla looks strong to me. Apple looks strong to me: that's a breakout and a run, i more so favored the 230 call for whatever i said may may 20th or whatever it was um cpi, x, c. P i x c p.

I x c p i x uh when it runs up like this. It was an announcement like if you're, not in it. I don't like to chase this type of stuff, a gap. Ups gap ups that go red i really dislike and just general gap ups, especially like it's just an announcement like you're just late to the party uh you might want to dive into it and see if it has additional legs like maybe it gets trending again tomorrow Is probably the best suggestion it's just like? Okay is the news gon na be as viable tomorrow? Are people gon na be continue to be excited, oh shoot? I need to call cover my lift calls all right.

I am locking in a 40 gain sell to close all of these bada boom bada bing 40 gain 600 bucks, not a bad deal for a two and a half hour, trade in and out in and out in and out. So i'm definitely saying that, especially for everyone in uh the discord and that's not me saying i don't think this is going to continue up tomorrow. It's just, i know, there's big a big theta hit, so it needs to gap up just to retain insane value because of theta decay um, and when you have a play like that, like it's literally as if a stranger just walked up and said: hey do you Want 600, i haven't been tracking lyft. I literally pulled this up.

We were looking at it in the discord i bought it. I made 600 bucks, don't be greedy. That's absurd, like if a stranger just walks up and they're like if you sit here for an hour and a half i'll, give you 600, you don't sit there and be like well. I want more and like i'll risk getting more by the chance of like i might get more, but it's at risk of getting nothing now.

What i'm not gon na do that, i'm so stoked with 600 bucks. Easy easy, easy! Easy don't be greedy with it that just it was dropped out of my lap out of nowhere i'll take my 600 monies uh people talking about aqst. How many calls did you buy and at what price um? Well, it was a forty percent gain. So i guess you could do that um.

Forty percent of whatever is six hundred bucks. You could do that math out. I think it was around. A two thousand dollar bet: ding ding ding.
The casino is closed. Mama mama moon gang, the normal market hours are in the books for tuesday november 30th, amc 34. gme 196., the spy, the qs iwm all down two percent 1.5 percent and 2 um amc down 7.9 percent gme down 2.1 uh. Prague was slightly in the green but lucid tesla or no lucid rivium nvidia hood bitcoin, all in the red, somewhat of a bloodbath.

Yes, crypto was in the green uh crypto kind of somewhat, hopefully helping your portfolio out today, sheep up very nicely around 48.50 right now. Solana, around 215 ethereum, looking very strong bitcoin, looking pretty strong, so overall crypto kind of keeping the world alive today, but the market very much in the red and somewhat of a bloodbath in the overall market. But hey that's one day. This is why you always are respecting your risk to reward.

This is why you're always looking for like little odd, plays to help your account such as lyft um, the tesla one i would have. Never, that put one didn't make sense to me even apple apple's. Looking good, oh apple's, even up in post market right now, that would have been that those calls from may 2022. The 230s they're already probably up a nice percentage.

If you took that um crazy, crazy stuff. But folks i'll have that update video for you tonight and then i'll be streaming once again. 9Am, tomorrow, early bright and early with the kraken dawn, 9am, the crack of dawn - remember, i will not be streaming on thursday, so tomorrow, wednesday is a normal streaming day, not streaming. On thursday.

I have to do an interview. It's not live, it's recorded. It will be posted later and, of course, i'll share that with all of you when it is posted and then i'll be back to normal streaming on friday. Just so everyone knows so we all know what what's going on.

I don't want anyone to panic, um, so update video tonight. Don't forget about all the interesting clips will be posted on coors light and then i'll also be doing the stream tomorrow morning, 9 a.m bright and early. I hope to see you there and also no matter what twitch rumble youtube. Tells you no matter what those algorithms sell you i will be streaming um.

I know there's been for whatever reason problems with streaming today, but no matter what they tell you. I will be streaming somewhere if there's particular issues i'll just tweet it out i'll tweet out the link, so you can track that down. Twitter, twitch, instagram, matt underscores coors, matt underscore course kohrs on youtube and on rumble it's just matt quartz with the space. Just it's verified just look for that check mark overall.

Thank you for the support you guys. The moon gang are absolutely phenomenal. I appreciate the likes. I appreciate the subscribes um.

I appreciate the followers on twitter. I appreciate the royal rumbles over there on rumble um. Thank you. Thank you.
Thank you. Your support is literally the reason why i get to do this day in and day out. You guys are absolutely the best i'll catch you tonight in the update, video and then tomorrow, during the stream. I hope you enjoy your evening afternoon night wherever you are.

I hope you have a good one uh and, as always from me and chair best of luck in the markets.

11 thoughts on “Cryptos pop stocks drop dumb money w/ matt ep 162”
  1. Avataaar/Circle Created with python_avatars Takota Bennett says:

    Can see, but not comment on the live chat, what up YouTube, got a fix? Or in a fix….πŸ˜…

  2. Avataaar/Circle Created with python_avatars The Goat says:

    Fake

  3. Avataaar/Circle Created with python_avatars Robert Alonso says:

    Have you guys talked about buying AMC gift cards for family members this Xmas. It makes an awesome gift 🎁 hopefully someone can tell Matt to blast this idea and come up with gift baskets with amc 🍿 🍿 🍿 🍿 🍿 🍿

  4. Avataaar/Circle Created with python_avatars 지완 μ„œ says:

    You guys are interpreting it too difficult. This is just a simple matter. In short, Citadel committed a crime, manipulated the stock price, filled his stomach, and the state agency became a sewer to work. And although this became an issue, as expected, the state agency helped Citadel with enough time to cover the case and only took action to resolve it when there was no fear of further detection. All the people involved have filled their stomachs and ran away, and the only person left is the ape. Regardless of the chart, it is the stock that goes up and down. Stock prices only fluctuate depending on the control of the forces that control it. Don't you get angry after experiencing a game stop incident? Nothing happened even if you pulled out the button. The drug dealer who earned the job is collecting more money by listing stocks. Whose money is that? More than 80% of the money is from apes! It's time to think calmly, judge, and get angry. If I stay still, Citadel will be ruined and the stock price will go up? I really want to kick my butt to see who said that.

  5. Avataaar/Circle Created with python_avatars Darren The Silver Back says:

    The dip before the RIP!!! πŸš€πŸš€πŸš€πŸš€

  6. Avataaar/Circle Created with python_avatars Luke Sanders says:

    Get in on Saitama before it flys Matt, not financial advice

  7. Avataaar/Circle Created with python_avatars Xristos Ksouve says:

    Jesus someone need to stop this guy is disaster

  8. Avataaar/Circle Created with python_avatars Malek Karbia says:

    please do u know when we can get the biggest airdrop of pulsechaine PLS ? thank you matt

  9. Avataaar/Circle Created with python_avatars Malek Karbia says:

    what about the new pulsechaine network and HEX

  10. Avataaar/Circle Created with python_avatars mrgfspliff says:

    Tell me not to be nervous over amc Matt

  11. Avataaar/Circle Created with python_avatars Anton says:

    $stmx

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