Market Volatility Returns (Stocks & Crypto)
Dumb Money w/ Matt Ep. 101
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Don't be mistaken, the apes won't be shaking or breaking because we're going to the monday very soon going to wake up on the moon brand new yacht and the mcdonald's in my living room, bright, yellow, lamborghini, 50 meter, swimming pool champagne every day, hey fam! What you do wan na hang one or two: oh you got a mansion too. Oh that's right, held on tight jack titties every night. We was in way back when they tried to chop it down to ten henches couldn't come for him. Ace was strong until the end.

Now, let's pretend shit to tell they'd be sweating had enough of these felons, but the eggs were rebelling cause. We never be selling till we sent it to heaven now we'd be out of yelling, hey screw. You kenny bought my wife, a minivan to share with the boyfriend, but i pull up in the benz played saying olive cranes going on an airplane. Don't think we'll be back again celebrating every day like it's, your birthday won't be shaking or breaking because we're going to the moon.

Today's expectation probably more manipulation. If you do, a creation of a crooked operation brought more while it was low, got more dips in trader joe's. Oh, you thought that we'd let go what the hell you take us for. All of you can spend your last dollar on bananas while living in squalor.

We don't claim to be scholars, we the smooth brain dummies and we never stood taller yeah. We do this for love and we do this for our honor. A follower. 11 ain't got nothing on us.

We the planet of the apes anymore, as we trust m-o-a-s-s. Oh hell, yes, gon na, send it into space, go fire up the jets done. My dd call me out john rocket man. This is the way gon na be girl.

Reunite don't be mistaken. The ace won't be shaking or breaking because we're going to next fucking and that last lyric is exactly right. Let's effing go what is going on moon gang. I hope you had an absolutely phenomenal weekend and hey we're back at it.

As you can see, the markets are yes, they're very much open today. I know it's columbus day indigenous people's day, whatever you want to call it, the market is open. Today the bond market is closed, but the the stock market, the options market, the futures market, all open and we have uh potentially an exciting day ahead of us. We definitely are seeing, as i titled this one a little bit of the return of volatility uh some craziness going on in a lot of different aspects of the market.

So with that all being said, i don't want to keep yammering on when 9 30 hits uh. So let me use these next 25 minutes to kind of give everyone a better foundation for what may or may not come today, but just trying to let you know some of the kind of important movements from over the weekend. So the five things you need to know before the market opens today monday october 11th wall street's, set to start week lower as oil hits seven year highs. This is very similar to the second one.

Oil jumps to over 82 dollars per barrel as global energy crisis persists, so i did bring up oil for you. This is the futures market for oil uh. This is crude oil and there's a couple differences here and there that you need to talk about. But as you can see, ever since the end of august, oil came down and hit 62 dollars per barrel and right now we're trading at 81.35.
It did get over 82, but oil is just ripping ripping ripping. Now, like i said this is the futures market. I know many people listening, don't have a futures account one of the things that will directly there's various ones that will directly track oil, one of the most popular ones that i know of is uso united states oil fund. So, as you could see, it's not the exact dollar value, but the overall, like percentages and shape of the graph very very similar.

This will be close to tracking what oil is per barrel in terms of percentage and the structure movement. So if you've been paying attention to this oil thing it, it is kind of interesting there's a couple things going on uh, i would say the less obvious one is just the fact that we have uh ever since the issues regarding the pandemic are kind of calming Down we're seeing a new increase in business activity that makes sense so obviously, as business activity increases, you're going to be using more oil, but really the thing going on here is: we have opec and their allies who basically decided to constrain a lot of the supply. So we have an increase in demand: they're constraining supply, obviously that pushes the equilibrium the price per per barrel of oil up uh. So that's kind of the situation.

You see there uh what i have for you on this. I also wanted to dive a little bit into the fact that this is once in a while and kind of commonly actually a some. It's almost indicative of inflation, which i know a lot of you listening right now, you're like no, we know inflation's going on, but this really is one and then, on top of that, like, as you see all these prices start to go up, it's weird uh. I know that some people out there who are way smarter than i am - they actually consider anything related to the like energy sector, this oil, natural gas, as almost a form of an extra tax, because out of everything in your life yeah, you might not pay for That extra like hulu subscription, you might not pay for your tv at all.

You could come back on like going out to eat, but oil and heating your house, especially as we're going in in the northern hemisphere, into the winter. The colder season heating is going to be one of the last things people actually cut. So, as these prices go up, people are still going to pay them and that's why some people really consider the cost of like heating and energy and oil and natural gas, and all that stuff to be an extra gas or an extra tax on you and unfortunately, Yes, we over the past year year to date we're seeing that the average hourly payment is going up by about 4.6, so people are getting higher paychecks, but not necessarily to the degree that it's outpacing the increased costs in gas milk oil, like all that stuff, like Yes, people are getting paid more, but the cost of just living is going up by a greater amount, so we're really delving into that entire concept of like okay, inflation and the impacts of inflation, and how are we gon na unwind from it? But right now? Yes, oil is going sky high. I just have a couple of facts for you.
Uh crude oil, which i was just tracking with the futures market sale, is up 64 year to date and then heating oil is up. 68, natural gas has doubled in the past. Six months has doubled in the past six months. That's crazy! Um! We have coal at a record high and what else do we have yeah so basically just across like really i'm looking at all these different oil energy metrics? Just what you need to know the takeaway is higher higher higher and i think it can best be thought of as an extra tax on people, because you're everyone's going to continue to pay that because, of course, you're going to want to.

Like heat your house. Your apartment, your town, home, your condo, whatever it is, and now on top of that, we're in an interesting scenario where let me come over to the s p. 500. So goldman sachs recently just came out uh a little bit more bearish on the overall u.s economy.

In fact, they cut their overall outlook for both 2021 and 2022, and the reasoning for this is that they, their their models of consumer spending, has dropped um they're. Basically, they overestimated how much consumer spending would return and the expediency in which it would return and they're. Just not seeing it and i think part of it could be like yeah. I get it uh that paychecks are going up by a small percentage, but everything else is outpacing it and in fact, it's kind of a a really bad overall cycle that we're in right.

Now, because, as labor costs go up, that commonly means that businesses are going to increase their product costs. But then, if the increase in all other costs are greater than what labor's now being paid, it's a pretty vicious cycle and you can see how it adds up. In an almost like a negative snowball effect, so that's kind of what's going on with oil right now in the overall market, and it is important, at least in my opinion, to understand, like the macroeconomic influences, speaking of macroeconomic influences, major banks earning lead third quarter reporting. This week so we're having a lot a lot of banks, reporting it'll, be interesting uh.

This itself could prompt more volatility to see what people i mean. It's always interesting to know what all the big banks are doing and saying, and what's on their balance sheet, so something i'll personally be paying attention to yellen warns on debt ceiling, as house gets set to vote on deal. So remember: we've been talking about this debt ceiling, she's been calling out october 18th. Last week the senate came to some sort of short-term agreement, basically to get its funding up until december 3rd.
This week they are the house, so the second half of congress, the other half of congress, is supposed to kind of follow through and we'll allegedly get some development there. Treasury secretary, janet yellen, said sunday there's an enormous amount at stake. After the senate approved only a short-term extension of the debt ceiling again setting up the potential for default in december, if lawmakers are unable to make another deal, a failure to raise the debt ceiling would probably cause a recession. The house, which had been scheduled to be out this week is set to return on tuesday to pass the measure that sentence right.

There blows my mind so because of one holiday that, like i don't know if you were to rank all holidays, it's definitely like a b or c tier holiday at first they gave themselves the entire week off and now they're like all right. You know what we know: we're potentially facing an economic crisis. Let's just take monday off blows my mind anyway um the so they will they're off today, so we're here, obviously you're working, i'm working but um they're not working. They start working again tomorrow, uh senate uh, gop leader mitch, mcconnell sent a warning friday to president joe biden, saying republicans will not provide such assistance again.

So there's not really going to be movement on the debt ceiling today, but obviously, starting again tomorrow. We're going to be tracking what's going on in the political realm as it relates to this and then finally southwest cancels 2150 flights, blaming weather and staffing. This is a very interesting development, so i'm noticing that a lot of i guess various news outlets are like just they're like oh yeah, like it was weather and staffing, but the way i guess like twitter is reporting on the story. It's very, very different.

I'm reading all these reports of not really weather uh to because generally, if it is weather, you're gon na see a lot of different airlines with the same rough percentage of cancellations southwest had way way. Many more and what i was reading all day yesterday was. It was this thing referred to as a sick out, as in a bunch of employees. Um decided that, like their own form of like a strike and they're taking a sick out, and it had to to the best of my understanding - relate to basically these mandates that, like people had to get the coronavirus shot.

So you had a lot of employees saying nope we're not doing it, they had a sick out and it forced the company to cancel a lot a lot of flights over columbus day weekend, which is kind of a crazy, crazy development. In fact, it was actually one of the biggest movers uh right here: the airline canceled more than 1800 flights over the weekend, citing bad weather, air traffic control issues and staff shortages. So to me this is a very nice way to write it. The bad weather air traffic control issues was minimal and it seems like it was very much related to staff shortages southwest disputed speculation, that a high level of cancellations compared to other airlines was due to employee protests of coven copenhagen vaccine mandates.
Yeah. Of course they're going to say that, but it like according to the twitter sphere and everyone reporting of why they're not getting their own southwest flight, it was very much because of what the employees were doing with their quote. Unquote, stick out building off of that a little bit. We have another big pre-mover uh, and it's just a stock that i like to talk about robin hood, the so it fell and what you need to know why it's falling.

It was kind of an interesting right up here in bloomberg. Robin hood sees crypto uh order flow payment risk in filing update, so robin hood said that regulatory intervention in cryptocurrency training and its payment arrangement between brokerages and training firms could pose risks to its business. This just came out recently uh according to them, as in robin hood. The regulatory landscape involving cryptocurrencies is constantly evolving and is subject to change, so we we kind of know this, but there's some interesting numbers i really do want to dive into as it relates to the hood.

The firm also noted that crypto trades made up 41 share of its revenue in the second quarter, appeared when investment in digital currencies swelled so over in the year the calendar year 2021, the first quarter most of their money, came from payment for order flow. This and really a lot of that was in the realm of options, but still also stocks, the second quarter. It was much more of cryptocurrency, specifically doge, so this year, robin hood has remained afloat basically because of at first payment for order flow and then right after that, the huge boom in doge trading, another key stream of revenue, payment for order flow on stock and options Trading could also be under fire by the sec, robin hood said: sending a gensler interview in august. So we know this: we've been paying attention to the sec, specifically ginzar.

His comments on really everything going on that we've been paying attention to specifically dark pools payment for order flows, social media trading, the influence there there's the entire gambit there, but yeah. We know right now. There is a bill that is actively being discussed. I believe by the senate uh or no, no, no, that the house finance committee, whatever it is one of the someone is hearing a bill, basically about payment for overflow.

We also know one about the 13f filings um there there's various ones that are currently being debated within our congress and, of course, uh. If you ever watch that video, when we were young of like how a bill becomes a law, they all still have quite a way to go. But the point is, it is still being actively discussed, um more specifically to all my amc fans out there. Let's talk about daniel craig and no time to die, it stands 56 million in domestic box office debut tops 300 million globally.
So, first of all, with this, a lot of people were like kind of throwing out numbers. 60. 80. 100.

Obviously we're not at that number. The higher the better it would have been, but this is still a very, very impressive, debut within the u.s remember. It came out a week ago over in europe first, but still 300 million. That's a very, very, very good snag for this movie, no time to die tallied, an estimated 56 million during its domestic opening weekend globally, the film garnered 313 wow since its international release.

Two weeks ago, nearly 60 percent of movie goers, who turned up to see the film this weekend were over 35 and 36 percent of ticket buyers age over 45.. So i think it's interesting that they threw this one in here, uh very, very interesting at first with the franchise of like these bond films, i think there's a little bit of a nostalgic aspect to it for sure, but other than that, i almost think in a Certain way you can consume this data and maybe i'm just throwing out a wild theory. Maybe i'm right, maybe i'm wrong, but i think a lot of this uh, the fear of people going out and returning to their quote, unquote normal life. This is a very nice percentage of people who i would assume, as you get older, a little bit more scared about the current environment, they're, saying nope.

I want to go see this movie anyway, and returning to that theatrical experience right here. Where was it rich, while some box office analysts projected the film could reach 80 million or even top 100 million during its debut in the us and canada? The latest james bond opening numbers are still a solid showing for pandemic era. 100. Agree uh.

I didn't see this one this weekend. In fact, i finally saw venom myself um, so this is a little bit old. The article i have up right now is from october 3rd. I saw venom yesterday.

I really really liked it. So when this one came out, it did come out at 90 million and this one broke. All sorts of records like this was a very, very, extremely good, debut but uh. This is the one i saw over the weekend.

I really liked it and then hopefully, this upcoming weekend, uh i'll, have some time to see no time to die, but from when i heard about it from friends, who've already seen it. They said it was a really good movie. They liked it. So i'm excited to check it out myself, all right and then finally, last but not least, let's talk about crypto uh crypto's been very, very interesting lately, so uh yesterday, i tweeted out that bitcoin is looking froggy.

It's definitely looking froggy jumping all around trading, just below 57 000. I strongly believe it's on its way up to 59, but i'll just call it 60, but we do have some notable resistance at 59, 000. ethereum's, looking good right below 3600. beautiful technical relief, bounce off of 3400 coming right back up and then i'm watching 3700 and After that, 4 000 would love for east to get back of over 4 000 per coin.
Uh shebe, like i said, oh just so. Everyone knows obviously i'm in bitcoin, i'm in ethereum, i'm in doj, i'm in chiba, i'm in all of these uh, i'm not actively trading any of them shiba i didn't buy. It was gifted to me from voyager for filling out a questionnaire, but i know there's a lot more interest in it, so i'm just doing my best to clarify like what it is. What it isn't just so you know, sheba is looking very strong right now, uh.

So it whipped all the way up, lower highs, higher lows, bullish, pendant and it's kind of a lethargic breakout, but a breakout nonetheless watch shebe at let's just call it 30. I don't know 0.0003 look for that breakout and then i think the test of the top of this 35 35 70, almost 36, which would be a pretty what a 20 gain. I think, if i'm doing that, write that math off the top of my head right. Um, that's impressive, uh sheeb is definitely looking strong right now on a relative basis in the short time frame compared to the other shiba inu base, meme crypto uh doge.

It's it's definitely looking stronger than doge, just at this moment in time, obviously fast forward. One day that could be completely different, i'm talking about more of the short to medium time frame, showing a lot of strength, so is bitcoin actually out of all crypto bitcoin, and she at this moment in time, are showing a lot of strength. I would put aetherium right behind it and then there's other ones that i'm still a big fan of, but in the short term they're. Just looking a little bit boring like cardano's, going a bit flat, uh solana going a bit flat.

Matic had a nice push but got rejected it just couldn't hold this trendline breakout so overall crypto's either looking very good or just kind of neutral, i'm not seeing too much bearishness across the board uh. I would assume recently we saw a nice push in uh. Quite a bit about of crypto, just because both the federal chairman of jerome powell of the fed uh, he was like yeah we're not going to ban crypto and then gary gensler was also kind of saying the same thing. But his was a bit more weird.

He said something he's like well, no that's congress's decision, but the regulation on crypto. That's the hot topic right now. Are they securities? Are they not securities, all that good stuff? But i do want to remind you that, as you learn more about the macroeconomic situation and if you're of my opinion that inflation is like not transitory and like, we could potentially be running into a serious issue. Basically, because of this incredible policy of unlimited quantitative, easing and you're worried about inflation, uh, i'm not like calling for doomsday, but i think it's something for everyone to have on their radar.
Um bitcoin, it's very much digital gold - and we know gold like original gold. Uh was a great uh hedge against inflation, and i think right now, with the rise in blockchains uh technology and specifically bitcoin. It could be a good inflationary, hedge um, but that's my opinion. Obviously, whatever i say in this, i'm not a financial advisor, i'm not a lawyer.

You got to do your own dd, i'm just sharing my own opinions, but i think bitcoin. It is and crypto in general, but more so specifically bitcoin could be a nice hedge against, like just the rising cost of life and potentially damage to the us dollar all right. So that's kind of your setup for the day um. Let me get to some of these questions.

Let's go. I like that matt, i love you. No homo keep up the hard work, you're, making a huge difference. Brother, let's go to the moon, shout out ben puts on southwest airlines.

So, let's check out how love is actually looking today, uh southwest trade is under luv, definitely gapping down. I would pay attention to basically 51. I would see how it reacts there, maybe it'll base and then you'll have a nice gap fill back up because it does seem to be like a momentary issue. I just don't know how long this moment is going to last.

I think they just need to come to some sort of agreement with their employees, but i'd be watching 51 and 53.50 uh break above 53.50. All right. It's coming back and break below 51., not good or it could bounce off of it and maybe that's a gap. They'll play so out of the gate.

It's like halfway in this region. I wouldn't play that because i don't know which way it's going to break, but that's what i'm going to be paying attention to good morning. Sir correct me. If i'm wrong, but there's no specific time for hedge funds to cover the short positions as long as they can pay interest, they are good.

They can pay interest for 10 years and need to cover correct uh yeah, but you have to go into it a little bit more off of that tyrell because remember, there's also a thing referred to as a force buy-in. So, even if they have the money, they're not getting margin called blah blah if the people at that brokerage who are long on the stock who lent their shares out, want to cover their position as in they're long and they're, like okay, cool we're happy with our Profits - let's cut it if the brokerage doesn't have those shares like for them to actually sell to the market, they could go to the shorts and be like hey. We need those shares back we're gon na force, a buy-in um. That does happen.

Not it's not the most common thing, but it does happen uh. So that's just like the one caveat i would add to what you said. Could you do a segment on computer shares, there's been fun and we believe shilling for hedge funds. What about this? What's your opinion computer shares um, i do admit everything.
I've read about it. It very much does assist with you're, not loaning your shares out, and on top of that it does seem to be a correlation with cutting down on ftds failure fails to deliver basically. So i like that, but the one thing that i need everyone to know and i'm not necessarily for it or against it. I personally have not done any of my direct registration and that's just because i put a big value on mobility in my positions.

Um, the way you can easily buy and sell on a brokerage, whatever broker you're on it's going to take you no matter what you do longer if you're going through any direct registration service. So it's just the pros and the cons of it. There are pros they're not going to be lent out you're going to help cut down on ftds. If enough people do it, we might have some sort of mathematical argument that is uh closer to proof of naked shorting like through that mechanism.

If the company choose to like release those data points, but with it, i just need everyone to know that you're not as mobile as you are on a quote. Unquote, normal brokerage miss the pm streams. Your content is much more valuable during market r hours than posts, especially during pr two hours and am is not enough uh. I understand that, but i'm not going to change it.

I think this allows me to provide higher quality uh content. Could you check bfi, please? I think it's a sleeper acquisition news this morning, main competitor trading 10 to 15 times higher. I would appreciate your thoughts, uh bfi, all right. Let me write this down i'll come back to it after market opens.

Can you look at dats? Please? Yes, all right! Good morning, thoughts on ccxi all right i'll, throw that on the list as well all right, we got those three requests down and very quickly. I know we have a couple minutes to go. Let me just update this all right all right. So here we are with amc, so uh no reported borrowers yet today, uh, the short interest is 20.5 percent shares on loan, just below 114 million utilization 86.6.

Let me log back into this. Hang on got ta log in my cookies got cancelled all right and let's just go really quickly over to gme and in terms of gamestop short interest. 14.62 shares on loan, 8.54 million and utilization a 37.34 um. I see a couple people asking about ater, so let me just throw that up for you.

We can keep up a third one just for any questions. Ater a tyrion how's this one. Looking all right short interest: 36 percent shares on loan 14.5 million utilization 97 uh. Once again, those are for ater uh.

Let's do a quick technicals now that we have about two a little over two minutes, so the s p. 500. It's in a weird risk off scenario where people are waiting to see what the house of representatives is going to do, i'm assuming they're going to agree to this debt issue, but right now people are waiting because, like they're not in session today, they're not working today. Very legitimately, which is crazy, uh, so just so you know we do still have two gaps on the s: p, 500, very obvious gap down to 435 12 and a small gap up to 441.90.
Given enough time uh, i would say in the longer short term time frame, both of these gaps are going to get filled. I don't know which one's going to get filled first, but when one gets filled i do think it's going to be relatively an easy play to play. The gap fill on the other. So that's for the s p, 500 uh the overall market, and it is worthwhile to note that the macd just finally crossed over it's been in the bearish territory ever since september.

7Th 8th right here, where it first crossed, but we're seeing a little bit of glimmer of green nasdaq, 100 redirected at this trend line. There is a gap fill which it looks like it's actually gapping under this morning, so we're around this region of 360. watch that watch for this trendline break and a break of 368.. Once again, the q is more tech, heavy iwm.

We have a gap to the high from october 6th, which is 220 and 20 cents. Uh, probably gon na be gap filling i mean we're opening up a little bit higher. Today, it's just going to be a very weird day, uh, just because people are sitting around waiting to figure out what does or doesn't happen with the debt ceiling and how the house of representatives is going to react to it. Like i said, i'm gon na i'm, i mean our government the amount of money that their own personal money that they have in the markets.

It would be crazy for them to like hurt their own financial interest, so i think they're going to be passing it. At least to this december third thing and then they'll be able to fight it out from now until then to get like some true, long-lasting resolution going all right, but let's get ready on the day. It looks like gamestop uh gamestop. Where was it? Gamestop emerges as the top wall street best interest heading into the week.

Amd pound here are on the top as well uh, but gme once again regaining its title. As the most discussed stock on wall street bets ding, ding ding, the casino is open. Let's get going today, folks, it is monday october 11th and if you guys haven't noticed, i obviously uh apologize for sounding nasally. I think i just did it a little bit too much this past week.

It turns out working 18 to 20 hours a day with stress, anxiety and then restarting your gym. Routine is probably not the best for your body uh. So i had a little bit of a rough weekend but hey it happens. Lesson learned if i were given the opportunity again, i would do it again because i'm happy with all the work i got done, but i'm just trying to uh recover asap.
So if any of you are out there with like your secret home remedy, just i got ta covet test. I i don't have the rhona uh, but if any of you out there have like your like grandma's, like secret remedy, that she like smuggled over on the mayflower, that like gets rid of like a common cold. Let me know um the amount of electrolytes in my body right now. I could.

I could light the grid of los angeles, the amount of vitamin c in my body right now. There is a full-on like orange orchard in my in my gut right now, vitamin c um i've been taking vitamin d like it's tic-tacs. I've been also taking dayquil like it's tic tac. So any of you, if you have like a cool secret, grandma home remedy.

Let me know nice haircut. Thank you. I also got a haircut. You know i always sometimes i'm just like.

Ah haircuts make me feel better, so i try to get one of those i was thinking about it. It is kind of wild, it's uh, the first time. I've been sick in years just because, like we're all locked up inside the last time, i was ever sick was february of 2020. So it's been what a year over a year and a half that no that's impressive.

That's a long time to go. I almost forgot what it was like this one says: orange juice and tequila a lot of people say zinc. What does zinc? Do i don't know, but we'll try it hey, i'm down to try anything once you know orange juice and tequila heavy on the tequila side. All right: well, we see gme looking perky, we see the spy showing some green.

Let's get going today. All right, you guys know me. I like to wait. Those first 15-ish minutes see how oh did my i want to see if my transfer ever went through from weeble to public.

Just so you can all know just so you can all know. Let me double check. This low low load load load load. All right.

Where are we? Where is the app? Where is the app public all right here we go interesting. The spy is showing more strong strength than the russell right. Now, all right, all right, my still my transfer hasn't gone through, but judging on the time frames that they give you it should hit today or tomorrow. Today might be a bit weird because, like some people are treating it as it's like a day off holiday type of a deal uh, so i wonder if it just being columbus day indigenous people's day, whatever you want to call it.

I wonder if that's kind of messing it up, but mine should be coming through relatively soon matt as the singer, that sings for three to four hours straight three to five nights a week, pineapple juice, coconut milk and warm water with honey works. Wonders rock, and i appreciate that pedro asking about bros, let me write that down. Bros uh those packets are cute for cove. What's going on allen a shot of jack daniels on an empty stomach.

Mat won't cure it, but we'll cut down on the sickness time a ton find or make spicy chili that knocks out my colds every single time just like. Oh, should i eat that. I have that, like that incredibly uh, that spicy chip that one that everyone tells me that i shouldn't like consider eating, do you think that's the thing that'll like knock it out of my system, we'll just fight fire with fire. I'm like oh yeah, you're gon na infect my body, and i just like, eat all this stuff to kill it just like full on biological warfare.
Ginger brandy, clear you right up, no joke. I come on the stream in the morning uh i'm getting reports that bro rumble is not working rumble. I don't know why uh if you're on rumble, i guess it's just not the code's not working on it today. Oh okay, uh! If you want, obviously this we're going on twitch right now, obviously youtube i'll figure out.

What's going on with rumble and make sure it's working tomorrow looks like some sort of technical issue, but yep just so you know, if you look all the way up to the top matt underscore coors, that is the twitch twitter, instagram uh, the matte underscore course um Speaking of knowing who i am matt underscore course, for whatever reason over the past about five days, there's always been a lot of fake accounts like these bs accounts. Um, there's been more for whatever reason, so please be careful and i can speak with like some of the most prominent people uh. I guess in this community about it a lot a lot of these fake accounts. So, just if you think you're actually talking with someone, please don't get scammed.

It just takes a little bit to like double check that you're talking to the right person. Look at the username go back see if it's the right username. Unfortunately, the only thing i'm verified on is youtube: i'm not verified on twitter or on instagram. So it's like kind of tough to just say: hey look for the check mark, but on youtube you could at least do that.

It seems like whenever i post any crypto video there's like 10x, the amount of bots in the comments on youtube. If you see those, i just ask you to report them just report. You know they're fake help. Someone out, i know a lot of you are probably thinking here like man who would ever get like tricked by that uh.

You would be thoroughly surprised how many like the success rate of these scammers so help out the community just a little bit by uh by just reporting like calling it out that they're a fake account. That would mean quite a bit to me also with it. Speaking of the matt underscore cores on twitter, so we did the giveaway on friday. I have yet to reach out to those people uh.

I was just. I had to figure out one thing about it on saturday and then on sunday i woke up and felt like this and well. I know i always look ugly, but i sounded ugly too, but i will be reaching out to you on twitter today, if you're a winner on friday and then we actually uh because of 100. I was just i was as giddy as a little school girl after that michael saylor interview, so i decided to do an additional giveaway, so we did the giveaway on the stream on friday morning and now there's another giveaway from where is it this thanos video? So if you want to enter into this amc giveaway we're giving away 10 100 gift cards uh check this out.
I know it's a longer video, it's almost 21 minutes, but the way to enter is in the last couple minutes. So if you don't have the time to watch this, video just watch the end of it and basically you just need to post your twitter in a comment uh. I just you didn't hear this from me. Do not use your at symbol.

If you put your ad and then your twitter name, youtube will delete it. So, just post your twitter handle without the at symbol, we'll be picking 10 winners from this, and then the people who won on friday for episode 100 i'll, be dming. You today so be on the lookout for your twitter there, so two different giveaways going on um. If you didn't win on friday or even if you won on friday, but you're trying to win again check out this amc, giveaway video.

And if you want to learn about some of the legal issues going on with robin hood and citadel check out this uh interview with lisa branganza braganza, it took me quite a while to learn out how to pronounce that but happy to say that it worked out. Uh, vietnamese pho and old baywatch episodes uh, have you tried morphine, won't cure your cold, but you'll forget you. Had one uh ate a bit of a carolina, reaper two mil scoville last friday: hands down we'll clear your sinuses prepare to be assaulted. Chicken soup, with hot sauce, jalapeno juice, lemon pepper, also morning, friends, met.

If you check your dms and ape asked me to message you yes, so i saw that thing about the editor. I appreciate that kinky kong and also more than happy to see that you're back um anyone just so you know there has been more obvious issues with like youtube. From a technical perspective, the moderators and myself, we have the ability. Oh the moderators.

Basically, can time you out for 300 seconds and then obviously i have the ability to like permanently kick people from chat, but there's people who are like having issues where they can message and then when they come back it either. Is there isn't there? Sometimes they can send super chats other times they can't that's just some technical issue, that's outside of like my domain of control, it's also outside of the moderator's domain of control. If you have that issue persisting, my apologies dm me. Maybe i could like send your messages over to youtube creator support, but i just want you to know that, like the mods, all they do is if you're saying something pretty bad like racist homophobic.

If you're attacking another person, that's either going to get you kicked out or if i see it could get you permanently banned, demand like depending on the severity of it um and if you're, if you end up spamming, you're just gon na get timed out because, like No one likes to see spammers, but please understand some of these other things going in in the background, and i'm just i'm saying it in reference to kinky kong, because i know that she had problems recently: kinky kong, like you're you're uh, your main asset of this Channel no you're not gon na go anywhere. Please understand that, like you're, not gon na get kicked or anything, and we saw that recently with trey's subway cup um. I think sometimes myself and mods are getting unnecessary flack for something that's just like truly not in our control. People are talking about prague and people are talking about mmat.
Prague is up 10. How is this one mmat mmat is up six percent. How cei looking cei is break even at a dollar 70 sdc sdc, getting rejected at that 670 level. We've been talking about uh right now at 6.50.

Look for that to recapture! So let's go back to mmat. I know a lot of people were having quite a few issues with the like the special share. Uh the dividend share uh, but at least it's having a nice day. It's up six percent.

Prague is also having a good day. What about fami fami down 1.5? So, essentially break even for this penny stock. Let's go back to mmat all right and very quickly, checking in on sheep. She looks like it wants to like watch for the break of three whatever this is 0.003, if you're in sheep, that is resistance and you can easily get rejected at resistance and it could come back down and then the support you would be paying attention to is Right here at 24, but if this breaks above three look for a quick push to 36, if it breaks above 30, look for push to 36, a nice 20 gain uh, but watch this i i i'm watching it i'm not buying more, i'm not selling anything.

I'm keeping what was gifted to me, but i'm just saying from a technical perspective. This thing it definitely has momentum right now. Look for that breakout. Bitcoin obviously has momentum, aetherium, building up momentum, uh you're, getting some movement in crypto um and with the movement in crypto.

That does bring up the interesting argument for a and why currently up six percent on a andy look for the breakout of 760, a and y breaking above holding, above especially on volume of 760. This thing could get moving. That's the level i would personally be watching. Just to see how it does or doesn't react to it, let's go over some of the other ones that people had messaged me about ccxi nice gap up holding this was a a successful like fda approval, or something like that.

That's not my style of play. I'm not telling you did not play it. I'm just saying like dive into it, learn about the drug a little bit see if it's like a good drug, see about the market cap or like the demand for it. It's just the the biotech farm plays it's just, not where my expertise lies, but obviously, if you know about it, there's like money to be made.
Uh d-a-t-s d-a-t-s had a nice run, sold off nice base at eight um. So the one thing i don't like about it: it hasn't been trading for that long. But it's enough to do some technicals. You do have a nice region of support between 875 and 7., so you have about what a dollar 50ish in this region.

So that's kind of a wide support because it's trading at 11 30 so like that's quite a bit of risk per share and the risk reward is kind of out of whack. I do like like it's showing strength, but just because something is showing bullishness or bearishness, and a nice trend doesn't necessarily mean that i'm gon na take it on because, like you have to ask yourself, what's the risk level and for me when i look at dats, I see that the risk is 714, which is roughly four dollars like that's almost a 30 risk and the reward i mean it's closer to what one to one ish. No it's better than one-to-one. It's i i guess like 2.5 to one roughly.

So it's okay! It's just to me! That's a wide risk, so i like it, i see how it could keep going, but i asked myself like, of course, your first question should always be if i'm wrong how bad is bad, and in this case i would perceive bad to be the low sevens and I'm not the most okay with that, even though i do think it looks like okay, bullish, bearish, it looks like it's building up momentum, but um. I personally, i just think, there's better opportunities in the market right now, so i'm not going to chase like an okay setup. Uh someone asked about bros. This was a recent ipo.

Looking hey also, it shot up weakness. It kind of made a base around 41.. Look for this to get above 47 48 and this might start pushing again uh, but i would want to see a confirmation of a new relative high on bros uh. What about bfi uh? So the person who asked about this there were some more of like fundamental questions of the acquisition and stuff burger phi international i've never heard of this.

It's, i guess, a restaurant, so you talked about an acquisition, obviously the market's not liking. It though uh i mean all i see, is a big downtrend in this. It it gapped up. I guess, on this acquisition news, but now it's even selling off it looks like it might be.

Trying to gap, fill um whatever. It is like all i see ever since april. I i don't know much about it. I just see a bear trend.

It feels like you're trying to catch a knife without much of like demand being seen i just with it. I wouldn't be interested until i see buyers truly stepping in because all we've really seen is sellers sndl we're getting some move in the marinara industry, maybe sndl up 2.5 percent just be careful. There is this downside gap fill to 65 75 and when it comes to marinara, i do like tilray better just a bigger company. It has better name recognition, but you could also just track the overall sector through mj, but with this this industry, it's tough you're.
Basically, just waiting on like legislation to catch up with the times uh with it there's a good chance. These things are just like kind of hemorrhaging money until it gets federally legalized. So if you're playing the marinara industry it you got to have patience with that one. It is it's a bit of apparently a longer term play we're just waiting, i believe, hopefully sooner rather than later we get federal legalization.

Obviously i want that to happen. It's to me, i'm bullish on the industry, but it's tough because you're not really playing the trend. You're waiting for the binary event of the announcement of okay - yes, it is legalized, i still love shares of amc sitting in weeble, which opinion a good time to transfer those to public uh. If you are gon na transfer the sooner the better lisa was awesome.

Great interview answered so many questions or rather confirm my suspicions. Nice work shout out marcie. I appreciate that matt kind of odd no new ortex data shows for any ftd plays or meme plays kind of odd, so it just loaded in the most recent date is mid-september. Remember these are like oddly delayed so you're delayed at best by month, but sometimes even more but uh yeah.

We have the data up until mid-september. That's about right, uh, dark yoda! Unless i'm like missing something about your question, but with amc. The last reading we have is from september 14th and that was 120 000 ftds. Any thoughts on cotton - jackie, not not too up to date on the cotton industry, ginger tea with lemon and honey.

So we have some people going, the more wholesome route of ginger tea and other people are just like you need tequila. You got to fight it fight it fire with fire all right, how's sdc, looking right here, let's go to the one minute, sdc find its way back. Uh someone said: look at the public 606 report. What about it? Uh? Sorry matt! I meant on ortex.

There are no new shorts or returns on securities today, yeah. That does seem a bit odd. It could be because of the holiday, though um it very well could be like i'm when you're at one of these weird like what i refer to as like b-tier holidays. It's tough to know who is and isn't working.

I know some of like wall street based companies are working. Other ones aren't it's strange um, so maybe those people who are sending over the reports - maybe they have the day off - i don't know it could be holiday. Related made friends with robin hood employee this weekend found out. I was an ape he found out.

I was in a 50 gift card to clear the air he was genuinely shook and grateful voyager seems to be holding me hostage. App won't allow any cash withdrawal. Anyone else having issues uh, so i myself haven't had that i mean i was able to get. I mean i i've transferred usd and crypto out of voyager uh.
Do you have to just wait for a settlement time andrew, perhaps like? If you just sold it there? Might be some form of a settlement, time uh, but if it's just been sitting there for a while, what you could do is like reach out to them their customer service. Hey matt, do you use unusual whales and what is it used for? Yes, i love unusual whales, so, throughout the day i like to check it for um, just like the flow, the options flow. So, for example, amc you could see that uh the flow the options flow in the market for amc today has been bearish. 43.

Thus far, remember we're only 20 minutes into the day. Gme. It's been bullish, uh, but there's so many other cool things in here. For example, you can see what's going on in the world of political trades uh.

So most recently we see zoe uh. That's not that big of a purchase, crl cme zoe, buying up chipotle, i believe, that's cme uh cynthia going long on bitcoin in august 50 to 100 000 purchase. I like to see what our politicians, earl blumenthauer, whatever his name is, has been going hard lately very hard because it's not gon na. Oh hang on it's, not loading um that earl fella buying quite quite a bit lately.

So i like to see what our politicians are doing, but there's so much more like this is a pretty vast um. I guess product there's a lot to do so. Throughout the day i like to check the options market when i get bored on the weekend, i like to see what our politicians are doing. You could there's alerts, there's abnormal things, there's crypto, there's quite a bit in here uh.

If you want to try it out, there is a if you want to try it out. There's a discount in the description uh. I think it's a cool service, um benzynga! I like this one for news, uh just to see what's going on there tibio at 10 30. This will upload, so we need to just wait for enough data.

This is picking out abnormal uh options plays that have like a statistical edge for us to pay attention to, but that's going to be in about 40 minutes, so i mean all the resources that i use: ortex benzinga, unusual whales, tiblio trading view they're. All in the description of the video, so anything i use like i'm not really like, hiding it from you because, generally when you are, i guess i feel fortunate to be in the position that when you get to like my size, you end up getting discounts for Your community, so anything i use if you also want to use it, just know that there's a way for you to like save money, iwm is pushing so is prog, so is spy, we're pushing push and pushing i like it. I like it all right. Let's keep going zinc, vitamin c echinacea slam, dunk, teen hunting good as well.

Will public cover the 75 margin call on weeble transfer, so i don't think i even paid. I think the first transfer was free. It depends like the only reason, i'm a little hesitant because it's like some brokerages do or don't like as i've been reading about all these transfers lately uh, but with that one, i'm pretty sure they covered it, but matt uh before you engage in it. It'll tell you right there uh wall street viking, very stoked about p-r-o-g, just so everyone knows i'm not in prog, but it like.
We went over some of these numbers and it looks pretty interesting p-r-o-g. It sounds like people are finally reacting to the fact that the dilution is over. I feel short. Interest is 53.6 shares on loan 28.24 million utilization.

99 uh is prague on the nasdaq um threshold p-r-o-g okay, so that is what i would say is one hit against it, uh of like kind of keeping it from being a. I don't know. Let's call it like a five-star play is the fact that let me zoom out um. I do wish it was here uh, so it's not a perfect setup, but if it gets moving, what's this high high 1 220? Where are we at on prog? I do wish that it was like that would strengthen it if, if you're, referring to the methodology of an ftd short squeeze play, which is not what amc and jimmy are, those are a different type of play and remember, there's different methodologies of trading out there.

In terms of if you're thinking of prog, it has a high short interest, i wish it were a bit lower flow, but that's fine, high utilization high cost to borrow not on the threshold list. I would say: that's like a knock against it, to really make it like a superior play, but right now the the price action is awesome. It's up 22, but also, whenever you see something like this, just because you see something, that's up. That doesn't mean that it's your time to chase like you want to be in before.

If anything, the the nice entry was this breakout of 147 150, but i, like it shoots up it bases around 130ish, 140ish and now we're showing some strength. That's that's impressive! Uh. I don't have it so i i believe i can remain pretty unbiased on it. It's at some previous support, which is now acting as resistance.

After this i would watch two dollars flat if it breaks 170 i'd be watching two dollars flat on prog and, if you're in it congrats, but if you're one of these people who's, trying to gamble and you're trying to chase a runner. I just beg of you. I'm not here to tell you what to do. What not to do i'm just asking i'm begging you, please ask yourself: what is your risk? Are you risking this recent relative low at 143? Are you okay with that, like you, don't go into it? Saying oh like this is exactly where it like it could go and like get all starry-eyed and be like this is the money i could make ask yourself first, what's the money that you could lose, you have to always consider your risk.

I wonder what david scott has been trading, that freaking guy boiled turnips are good for cold. Let's go zinc, i need to get some zinc. A lot of people are calling out zinc long on zinc. I, like the lack of iconic classism too she, but if i were really to pick a coin for a profit, altruism movement on trial, cardano uh, brendan burns, i really also like cardano.
I really do uh, i'm i'm a fan of charles hoskinson. The creator, i think, he's a smart guy. I like their altruistic efforts. Uh i'm right there with you nine month, adversary.

Didn't we just have our eighth any any think she could replace doge as our joke part of clean energy, sustainable eco incentive, um, it's always there. I'm not going to say no, it's impossible. It would take a lot of time and one of my main reasonings for it with shebe. Okay, let's go over some of the pros and cons, so i mean i admitted this that i i thought she was a a copycat of doge and i was like this is stupid.

Just like you have the first mover advantage. I was like, why would it bring doge people over just because it's like named like it's that's a tough thing to, i guess, make up ground on in a certain sense um, but as i looked into it myself, because so many people are asking me matt do.

23 thoughts on “Ep 101 market volatility returns stocks crypto dumb money w/ matt”
  1. Avataaar/Circle Created with python_avatars I recommend CHENTRADINGi On telegram says:

    πŸ–•πŸ–• really appreciate you for your helping I got my account unbanned you are a pro

  2. Avataaar/Circle Created with python_avatars BREAKING NEWS 2.0 says:

    I go listen to stock rocks. It's in YouTube channel talked about everything. A non-biased exchange of information. I've benefited. They keep me up to speed on all the stocks even AMC.

  3. Avataaar/Circle Created with python_avatars BREAKING NEWS 2.0 says:

    It was very little volatility perhaps a few percent and it settled at zero.. when you really work on the floors and make the phone calls and have rapid information data flowing right through your fingertips. That result in huge effects, is volatility. Talking about it looking in from the outside isn't

  4. Avataaar/Circle Created with python_avatars T D.B says:

    🀣🀣🀣🀣🀣🀣🀣🀣 this is hilarious !!!

  5. Avataaar/Circle Created with python_avatars Mina Ali says:

    THANKS MATT FOR ALL YOUR HARD WORK

  6. Avataaar/Circle Created with python_avatars Hola! kate earley says:

    SHIB and KUMA πŸš€πŸŒ•

  7. Avataaar/Circle Created with python_avatars Azieb Adal says:

    Hot soupy oatmeal Tylenol and two days of sleep

  8. Avataaar/Circle Created with python_avatars Sam A says:

    IRNT Gamma this week. 4mil OI on 4 mil float at $15 expiring this week. Can everyone on here buy 10 shares each? I always wanted to do the opposite of a short ladder attack, which is a bull ladder attack. If every1 buys 1 share at a time and does that 50-100 times, we could do what hedgies do by forcing the price up.

  9. Avataaar/Circle Created with python_avatars Ted Frank says:

    Is it worth buying amc at the current price?

  10. Avataaar/Circle Created with python_avatars Joanna Carreto says:

    Why don’t you live stream as long anymore?

  11. Avataaar/Circle Created with python_avatars He is My good says:

    HONEY AND HONEY 100%

  12. Avataaar/Circle Created with python_avatars He is My good says:

    HONEY AND A ONION, CUT ONION PUT ON TOP OF HONEY IN BOWL WAIT TEN MIN AND DRINK

  13. Avataaar/Circle Created with python_avatars piccolojoella says:

    Having a problem with the music. Can’t watch until it stops

  14. Avataaar/Circle Created with python_avatars Structscore says:

    Structscore

  15. Avataaar/Circle Created with python_avatars joe Potato says:

    πŸ’ŽπŸ’ŽπŸ’Ž

  16. Avataaar/Circle Created with python_avatars Structscore says:

    Our traditional remedy is a warm plate of chicken soup with veggies and a spriteπŸ‡²πŸ‡½buy vaporub and have your totally real and not imaginary girlfriend rub it on your back before you go to sleep you should be goodπŸ˜‚

  17. Avataaar/Circle Created with python_avatars Jason Roberts says:

    What's happening with GME this morning? Sorry I'm late to the game today.

  18. Avataaar/Circle Created with python_avatars Tyrone Steven says:

    nvesting in crypto now should be in every wise individual list, in some months time you'll be ecstatic with the decision you made today.

  19. Avataaar/Circle Created with python_avatars Dustin Burns says:

    I just spent 20 minutes reporting and getting rid of the bots in these comments. It’s fucking insane

  20. Avataaar/Circle Created with python_avatars Henry Lucastrades says:

    Despite the current dip in Crypto's I'm still happy I can smile back at my portfolio had my fourth withdrawal of $13,400 from my investments.

  21. Avataaar/Circle Created with python_avatars Liam Andrew says:

    I'm no longer waiting for the GRANT LOAN because I earn $29,700 every 10 days recently

  22. Avataaar/Circle Created with python_avatars Mikey I says:

    Mannnn it sucks how much you’re rushing off the stream in the mornings.. it’s petty but I won’t watch the other β€œimproved content” videos you’re putting out until you stream more again. I’m not a hater I promise but I know there are a lot of apes out here who feel like you brought us into all this excitement with the streams and now it’s like you could care less.. it’s about views and exposure for YOU when it should be about the exposure of the MOVEMENT. Please like this so he sees it! Lol

  23. Avataaar/Circle Created with python_avatars King ofGalaxy says:

    πŸ¦πŸš€

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