We hungry and i eat crayons every day with my friends, i think about kenny in his ivory tower shaking in his lily bones. Stop it's time, money, my sisters and my brothers, the fighters and the lovers. We don't need another fan because we huddled through hard times fucking money, moon, gang, hello, hello, hello, happy, thursday morning, october 14th. Maybe it's your morning your afternoon or evening.

Your night doesn't really matter, but i hope you're having a great one and as always, it's a be a beautiful day to be in ape folks. Folks, i'm seeing a lot of green apes apes apes, i'm seeing a lot of green across the market right now aim c gapping! Well, not really gapping up, but uh, almost gapping up opening up in the green jimi opening up in the green. The spy opening up in the green iwm opening up in the green, the queues opening up in the green, green, green, green, green, green gains, incoming attendees incoming what a day to be involved in the markets and it doesn't really just stop even at equities or etfs. Look at crypto ethereum ripping off of 3400, currently 3750 bitcoin ripping off of 54 000 up to 57.5.

Still, looking for 59.5 solana about to break out, do not sleep on solana she's still in this bullish, pennant, i'm looking for this to break 30 and from there i guess a little bit of resistance at 32, but really watching 36. Lots of green lots of green green green. I know i only have about what now 28 minutes to give you the rundown on. What's going to actually uh what's going on in the market in the world today, so let's get right into that.

We do have some important things: stock futures rise after s, p 500 nasdaq broke three day losing streak. So there's a couple things coming into play of why this happened. First of all, i would argue that the major thing is the debt ceiling. Both the senate and the house of representatives have passed a bill to kind of kick the can down the road until december 3rd.

To kind of, i guess, get in front of this debt ceiling debacle, which would represent the first time the u.s has ever defaulted uh. So right now we're just waiting on the president to sign it. He has previously stated that the senate passed it last week. The house just passed it so we're just waiting on the president to sign it, but he has had commentary previously that if he gets to him he's gon na sign it.

So it's like a little bit away from being signed, sealed and delivered. On top of that, we did have the fomc meeting minutes yesterday and with that uh it was kind of expected. They're, like yeah november, we're gon na start gradually tapering at this moment in time, they're doing about uh asset purchases of around 120 billion dollars a month and they say they're going to taper by about 15 billion in total uh, two different things: 10 and 5. But 15 - and that brings us into mid 2022 - and this is a pretty gradual thing - that a lot of like the central banking participants are like okay, this is pretty reasonable.

So that's awesome. Good news data on wholesale inflation jobless times come out before the bell. We actually have that right now it comes out at 8 30, but we already have the information, and this is another positive things. Jobless claims fell below 300 000 for the first time since the pandemic began.

We came in at 293, which actually beat expectations of 318 and, like i said, we're beating records as jobless claims. We want these to go as low as possible. I have a little bit. I want to talk about just in general of jobless claims and and strikes, and the workforce in general, but just you know this is a positive number.

We also got the uh core. What is it the core price producer index, the ppi price producer index so before we were talking about inflation of the consumer price index as in the buyer, but you could also look at the metrics from the producer and with them those numbers came in pretty light. We're talking about like point two point: three percent, so that's also looking good, but that's just another thing that did come out today: the ppi banks, health, related companies, lead thursday's earnings report. So yesterday, and the day before, i was talking about how a lot of earnings this week were big banks.

Also, we have big health insurance companies and across the board they are beating city group came in, they beat. We know that jp morgan uh they reported yesterday bank of america, uh lots in the health sector and really the big banking sector. A lot of people are having better than expected earnings reports. Just so everyone knows there.

Fda vaccine panel gets ready to consider modern, j j booster, so we know last month they already approved the pfizer one, and then we are they're also now approving uh a pill for this anti-covet thing uh. So right now, they're talking about moderna, j j. The only reason i'm really bringing this up is because moderna uh, the stock m uh, like you, could check that out. Moderno, i'm i'm the ticker mdra modern.

Now i'm just curious. What is it mrna uh this one, i'm just bringing it up, because it's known to have pretty wild reactions, so there might be an opportunity there. I was just looking at the support level of 293. uh this.

If it gets approved, you do have a potential gap. Fill uh, obviously if it gets approved and that's a big if i have no clue what the fda will or won't do, but upon approval that might be a layup of a trade till 377. Maybe it gets even more excited pushes up to 460 pretty much 500. So maybe worthwhile to just pay attention to what the fda is or isn't doing.

Obviously, that would be a nice uh business development for moderna, which is more heavily. Its revenue is going to be more strongly related to what's going on with covid, while j and j i'm not expecting the same percentage reaction, just because jnj has so many more other irons in the fire right now, like it's a huge conglomerate of a pharmaceutical company And they have so much more going on so in terms of percentage reactant. If there is an approval, i think modern will have the biggest percentage reaction, foreclosures surge as coveted mortgage bailouts expire. So right here, foreclosures are starting to jump as government and private sector programs designed to help homeowners deal with the economic fallout of covid pandemic have begun to expire.

Mortgage lenders began the foreclosure of 25 000 properties in the third quarter, which is a 32 in pre increase from the previous quarter, and a 67 increase uh on a year-over-year basis. So not some not the most positive news on that one, but all right. We talked about the jobless claim so that came in um and that's more of an economic indicator macro of where we're going, but we do have some interesting things brewing in the back end. So i just found out that there's two ports over on the pacific, la and long beach and right now, the president's actually stepping in those ports uh very, very important to the point that they add up to about 25 of handling american imports and right now we're Having serious serious bottleneck issues - and you probably heard me previously talk about fedex walmart and ups they're - trying to help like this is this thing is going full full denny's full waffle shop.

It is open. 24. 7.. The president is stepping in enlisting the help of those three companies uh we're just having very very like big issues with it, and this kind of makes sense of what we're seeing so there's a couple of things going on in this recipe.

Previously, factors have been, factories have been shut down because of covid, so there's a natural increase in demand and with it when the factories are shut down and we have labor shortages. That means that the supply is down, but demand is also up. On top of that, the people who are working obviously, naturally we're seeing an increase in labor costs. So that's going to be impactful on it and obviously, with the entire insane policy of unlimited quantitative easing we're seeing inflation going up.

So you have a couple things going in here that when you're, it's just various things that are adding to the the bottleneck that we're currently seeing out in the pacific. But it's to the point right now that it's so bad. I have it written down here that there's about 81 cargo ships that are not docked and they're, currently just waiting in the pacific trying to unload uh what they have on their ship. So this is kind of getting problematic um and it kind of makes sense.

Like a lot of little things adding up, but hopefully this does get resolved earlier rather than later and talking about the various, i guess worker issues it does come into the world of us with amc and theaters. Remember what is this? The the international association of theatrical stage employees so right there, that's actually accounting for 60 000 people who do have the power if they don't get what they want and obviously what they want is higher pay less work hours and that could shut down hollywood. So that's something to pay attention to maybe not the best development for the the world of tv and movie creation, but on a positive note, related to amc, eternals first day advanced ticket beating, sheng chi and black widow amc's biggest day, one pre-sales of the year uh. I found this to be very surprising.

I didn't think eternals would be as attractive as black widow. I thought it would be in the same league as chongqi, but it's actually breaking record. So a lot of people very excited to see eternals, which i found to be surprising, but from a general general commentary of what's going on where we're seeing these bottlenecks we're seeing prices go up, labor go up, it's all kind of representative of like an inflationary environment And if you listen to the fed, they're, always going to tell you that it's transitory and like no way but now they're, even starting to wind back some of their own statements of like hang on like this might be a little bit more serious. Um.

To the point that, like it's getting worse like as these prices of everything going up, the the consumer price index going up labor going down, i mean in august in august of this year, which we're just getting the reports of now 4.3 million workers quit so we're Seeing very interesting changes in the workforce and from a macro economic standpoint, we're also then seeing other changes that are going to be related to really just when you boil it all down. It's like a lot of things, adding in of like prices going up less working. It's definitely representative of an inflationary environment. The caveat to all this is just how serious is it and how long will it last and obviously hindsight is 20 20, like we don't know until we're on the back side of it, but with it it becomes a bit more interesting of when people are asking About okay like well, if you're trying to protect your sense yourself against a weakened us dollar, a lot of people are looking to gold and now digital gold, which i thought this was interesting just because we had previous banks talking about how like bitcoin's worthless.

But now this one bitcoin could hit a hundred thousand in the next couple years. According to fidelity, fidelity investments, director of global macro, uh, durian timmer, he said that the supply model and demand model he studies implies that bitcoin is on its way to a hundred thousand. The next and last time, those two models intersect, is at a hundred thousand in a couple years. My sense is that the trajectory is up and there's really no evidence that this is a bunch of momentum, chasers.

So right there we're seeing a fundamental value and i think the fundamental value of crypto, specifically bitcoin, becomes even stronger as we hear this talk of inflation. More and more and more many bitcoin both see the digital asset as a hedge against inflation. In an alternative to gold, timber noted that the cryptocurrency has a scarcer supply than the precious metal. It makes sense that bitcoin would outperform gold, but it's always a question on the relative value.

Just like we would look at gold versus silver, bitcoin and gold are different players on the same team. Bitcoin is trading about 32 x gold and it's not moving parabolically away from gold. It's moving up away from gold, but not in a sense where i think it's unsustainable. So right.

There fidelity a multi-trillion dollar money manager coming out with. Actually, some pretty bullish comments on bitcoin. I find that to be particularly interesting and in more of a short-term thing, bitcoin. Looking very, very strong, like i said, the major resistance i have laid out for btc is 59.5 000 ethereum ripping uh right here.

It is at a key psychological level, but i'm mainly watching four thousand that next round level. I know there's a lot of sheep sheep enthusiasts sheep army members in here right now you got to be patient, wait for this wedge to break and obviously fingers crossed that. It's to the upside i'm a big fan of solana, myself, i'm looking for this breakout to hold previously on october, 8th. It tried to get out of this trendline, not much luck, but if this keeps pushing uh, i'm really watching 160.

If you are a fan of solana, it's just another, it has a better consensus model, it does have smart contracts, such as cardano and especially ethereum, there's a good technical case for solana in the crypto ecosystem, at least in my humble opinion, and just so you know, I have a long position on all the crypto that you have on the screen right now. Let's talk about the overall stock market, so interesting right here, clear gap up in the s p, 500 spy gapping up. We held the support at 4, 35 and right now we're back to another double gap situation. There will be a gap formed at yesterday's high of 436, but we also have this very baby gap up to 441.90 when it comes to the spy.

I strongly believe that both of these gaps will be eventually filled, but with the momentum this morning you know me. I always like to wait those first 15, 20 30 minutes just to see how the market opens. That's just a personal rule of mine, i'm not saying that everyone has to have that out there, but if we get that momentum today, especially push about 90 cents higher over 440 i'd feel pretty confident of that gap fill up to 442. Let's just call it 442, but it's really 441.90 a lot of strength in the overall market in terms of more of the tech sector.

We are gapping up above this trend line if we can hold 362 similar to spy. Obviously we are forming a gap below, but if we can hold this today, then i'm watching 366-ish and then 368.. Those are some of my levels of interest in the tech, heavy eqs and iwm, having a great great look similar to the cues and spy gap. Up, obviously, you have to watch the gap below it, but as long as we hold i'm looking for the breakout at 226 and then from there i'll be pretty much watching 228, but across the major macro economic index board for equities we're seeing a lot of buying A lot a lot of buying, so definitely a fan of that now.

Let's talk about amc and gme specifically, thus far today, before the markets even open, they returned 290 000 shares on amc. The short interest is 17.7 percent, with the utilization of 87 percent and a shares on loan of 114.2 million, and these shares on loan have been loaned out for about 76 days now. One huge misunderstanding: i'm seeing in this community is issues with this exchange reported short interest. Now i have no idea where this got started or who started it, but there's an assumption by some apes that this exchange reported, sell.

Like short interest is self-reported, as in people have the assumption that hedge funds are reporting their own interest, their own short interest, that's wrong. That is definitely wrong. You can see it on finra's website who reports the short interest. Well, it comes from fimra members.

That's a good question who's. A fin. Remember the best way to think of a finra member is anyone who can directly execute a trade on an exchange so think brokers, prime brokers broker dealers. Those are the people who are going to be reporting it.

Now, i'm not here in any way standing up for these brokerages saying oh like no, we got to trust every single, every single thing they say like. I actually think that prime brokers, especially, are some uh, potentially nefarious players, i'm just trying to clarify that. It's not hedge funds who are reporting this. It's people, it's finra members and hedge funds - are not really finra members.

The best way to think of finra members are people who can directly execute trades, think brokers, prime brokers broker dealers uh. Once again, i'm not saying that they're all upstanding organizations, but i see this big misconception - that's self-reported somehow relates to hedge funds reporting and that's just not what's going on, but anyway, those are your numbers for amc for gme. They already borrowed 122 000 against it, which is kind of a notable jump on gme. The short interest is 11.85, the utilization is 37 and the shares on loan is a 8.35 million, and just so you know these average age of paying this cost.

To borrow per day is about 47 days, so we have amc, that's at two and a half months, and we have gme that's out about one and a half months just over that on its way to two months. So just the fact that they've been short for this long slowly but surely, like all these little paper, cuts of them hemorrhaging money day over day. If they are having these shares on loan, they don't even have to be short just the fact that they've borrowed them out they've loaned them out. They are paying an interest fee on them, uh just so like.

That's, that's obviously hurting them like that. Their thesis is getting weaker and weaker if we have any positive day or neutral day. That is bad to be short, because they're still paying that fee, always keep that in mind now in terms of the technicals. So in the update video yesterday for amc, not much has changed.

Obviously, it's just flat. We're range bound range bound between, let's call it 35 39. We're looking for that breakout today. If we get the breakout of 38.75 very quickly pay attention to the key psychological level at 40 and then from there mainly watching 41.85 after that, which would be a nice technical, breakout gap fill opportunity up to 44.20.

I would love for that to happen. In the short term, in terms of gme, actually the chart a little bit more momentum, we can see in it the macd the moving average convergence divergence bouncing off of 165 breaking above 175, currently hanging out in the mid 180s. We know there's resistance between 188 190 would love that breakout, maybe a little bit of a hiccup at 196 than mainly watching the key psychological level of 200. These are the levels of support and resistance, i'll be paying attention to just to see.

If there's those levels of supply and demand, as we've previously seen in really both these charts, so all my yellow lines whenever you have them um the white lines, the more dynamic trend lines, that's more of technical structures and then the yellow lines. The way i lay it out is more of if it's below it, that's a level of support, it's above it that's a level of resistance, aka, a level of demand on the bottom side, a level of supply on the top side and we're just seeing how that Plays out in the future, obviously it doesn't have to adhere to it, but uh they some they sometimes commonly do um and that's why i'm a big fan of technical analysis myself? Obviously, you could be a lot more rudimentary, but you could also be far far more complex, but by the time you get really complex. It starts to make the like screen almost unviewable in terms of streaming it out for all of you guys uh but hey, i'm a big fan of technical analysis, huge fan of technical analysis, all right, so that's your um. Actually, at this point i know, let's, let's add in some a couple of other ones.

I know people have been paying attention to prague p-r-o-g just so you know on prague. The short interest is 52 they've, already borrowed 2.3 million against it. Today the utilization is 99.5 percent, the shares on loan is 25 million, and the cost to borrow is 95. That is crazy.

Once again, that is for prog one that i think, ah, one that i think could be particularly interesting today, could be a n y sphere. 3D, just because crypto is so strong, so with sphere 3d uh ticker symbol, a ny, the utilization is 98. The shares on loan is 13.25 million. They've already borrowed a hundred eight hundred, fifty thousand against it, and the cost of borrow was eighty-five percent.

Remember if you're looking at the ortex data on a andy - in my humble opinion, it is an underestimation uh, because right now, there's about 13.25 million shares out on loan, but their estimation is that only 3.22 million are actually short. I don't really buy the scenario that there's 10 million shares out there, paying such a hefty cost to borrow fee without actually being short, so with it. This is even more of a rus estimation on a and why, if i had to guess it's probably in the realm of 20, which is still high but like that now we're just getting into like very rough estimations. So everyone knows all right.

So those are two that i think i've been like the most discussed over the past couple days, and i guess at this point let me give you guys back this extra nine minutes and uh answer some of your questions. Thank you everyday conviction, facts that help keep us hold strong. Can you check out the ti and telecoin crypto i've done my dd and believe in it telecoin. I could look that up in a little bit tell tell coin tell coin.

I have not heard of this. One, what do you think about c r s, r c, r s, r, um c crsr uh gaming company? So i'm a fan just in general of the gaming sector like uh. The the fundamentals of the gaming sector are very, very nice. It's just growing by billions of dollars.

Seemingly every single year, i like the support at 25, so the risk reward is pretty reasonable. The risk not much the potential reward to ride back up to 30 31. Maybe it punches up to 34.. The risk reward.

I mean corsair, it's in a sector that i like, i am bullish on the esports sector. This is a strong company within it uh. I wouldn't look at this as a short squeeze play. I'm actually not the biggest fan of just my pure methodology of training running around looking for short squeeze plays.

That's not my bread and butter. I like it on amc. I like it on gme, but just in general, if your training exclusively includes, like short squeeze plays. I think you're gon na kind of be upset with your trading career, like they just don't happen that often, and sometimes they get confused up with like pump and dumps.

It's just like to me a strange methodology for that to be your main type of trade. So for me i wouldn't look at crsr for that. I like it just because it's in a sector that i like, i would want to dive a bit more into its fundamentals, but the risk reward to me is solid on crsr. What was the other one? This telcoin tell coin telcoin uh.

I don't know how to compare it to, i guess usdt i mean kind of actually similar to crsr in terms of the support kind of close um. I don't know much about it, so i can't comment on the project but like from a technical perspective, it looks strong. The risk is a little bit far away, but if you get this break above what three cents it might get going, i just don't know much about the project, though so i don't know if i can like fairly comment on it. A lot of people talking about ater, ater um, it needs to hold 770.

if it breaks below it. That is not a good situation. Resistance. Turning into support this needs to hold look for the breakout of the low nines if it gets above 9 15.

I think atr becomes a legitimate play once again, but it needs to get above that if it goes below 7 to 70. That's a that's bad that that's not a good situation for ater bbig bbig had a good day yesterday, coming down a couple cents, so that doesn't really matter bbig. You want it above 730 770 that kind of gets exciting if it can get the momentum to break through there if it gets above 770 uh. Obviously, you have to pay attention to eight, but then, after that, you're talking about 950.

I love the turnaround and bbig made a very, very nice support at five. If it breaks below five. That could be a bad situation, but please pay attention to the macd uh. The bulls, the apes they're showing strength on it.

It is starting to bend back around, but all these a and y p r, o g b, i g all those ones. I do not have a position on just so everyone knows uh. Obviously i have a lot of crypto positions like just out of those ones that i showed you here uh as of now long on amc, long on gme um, these ftd short squeeze plays no at this moment in time. As i'm saying this, i don't have any position, so i i think sometimes that could be beneficial to you, because that means i'm unbiased on it, obviously maybe even consciously subconsciously if you're in something you might be like.

I think right now, especially with this community. A lot of people are seeking confirmation bias, so i think for me on my side of the camera like trying to educate and entertain. Maybe sometimes there is value in me specifically being able to give like an unbiased opinion of, what's going on, keep in mind that any is both the short squeeze and fundamental play. I did verify.

The price target is indeed 40 on wall street journal. Please check it out. 40 seems very high. I'll have to check that out.

That's interesting! That would be crazy. That would be awesome, uh, ally, you're, so lucky i use your lucky joke for my girlfriend she's watching your stream with me right now, shout out adam shout out ali. I hope you have a phenomenal day. Holding bbig atr prog heard your thoughts.

I was going to ask you: what are your thoughts upside grvi day play thoughts? Uh, i'm not the biggest fan of like a simple. I mean the market's not even open, so i i don't know if i can like fairly break down like a day trade um cute. Oh, i would not do not. I'm not gon na ever recommend that someone chase a gap up like that um.

Maybe it makes some support on intraday trading and you can basic trade off of that, but when you have a gap up like this, that's super dangerous, because what, if it just right away gap, fills and you're out three dollars a share. I think too many people are looking at, oh like what, if it drips, rips and i make money you to first, ask yourself what if it goes completely south on you and you like how bad is bad uh, that's the first thing i would ask i'm never Ever ever, especially at market open, especially at market open, chasing a gap up, it's just it's simply too dangerous, alp, finally uplifting. What do you think it will top out? Uh? No, i don't know anything about the company, so i i don't know how i'd be able to do it, but generally, when you hear about uplisting, that does lead to some bullish momentum, all right, send exit plan and stick to it. Let's go brandon matt thanks for all you apes doing for they've what are one in the world million you're one in the world of millions shout out.

I appreciate that empty pockets. Very nice uh ken griffin is gumping. Today, not enough truckers or trucks. America needs 60.

000, more of each opening ports - 24 7 - will make zero difference. Well, i'm assuming that's why they employed the help of fedex ups and walmart, i'm assuming they're tapping into their supply. If i just had to guess but yeah serious bottleneck, constrains um, someone said say my name slowly, but it's not coming. I can't see your name on my end.

Uh hang on. Oh dakota, dakota uh, that's funny! Hey buddy good morning. Could you take a look at tesla, i'm trying to join the club of best tesla trader options so yeah in the discord yesterday we were talking a little bit about tesla and how i very much liked it. Tesla is coiling for something.

In my opinion, we got this breakout, but it's coiling. If this gets above this like 820 level, you might get a quick rip to 840.. In my i, as of now i am long on tesla in my retirement account, but like i'm not actively in a like a position that i like watch day over day um, it looks very strong. It looks like it's coiling for some sort of crazy move.

I think there's money to be made on tesla and this is uh. We were talking a little bit on the discord yesterday of i just like the technical structure. Look at these just beautiful higher lows: it just feels like it's coiling for a nice move streaming less is a good chance. Thanks for your info on socks, shout out prowess.

I appreciate that happy thursday. What's going on rob? What do you think about chibi and new coin and dogecoin uh good, long-term investments long-term? So just generically? I am bullish on the long-term future of crypto multiple decades down the r low road. I am i'm very, very bullish on crypto and when it comes to cripple. I think of it in three different buckets, so i think of bitcoin as just a store of value, a hedge against inflation, a digital gold - then i think of things such as solana, cardano and ethereum as a nice utility coin, where we create nft dapps d5.

All that stuff, all that good utility stuff and then we also, i think, there's room for a nice digital currency and i don't know which one's gon na win that fight. But whatever does obviously there's a lot of value there right now in terms of strong digital currency, like obviously dogecoin is the biggest one. I don't know if it's gon na remain the biggest one, but with that being said, like it's okay to take multiple bets um, i have a long position on both doge and shebe um. I i don't like i see value there.

I just don't know which one the winner, the quote unquote winner, is going to be ding ding ding. The casino is open best of luck to all. Let's get going folks amc hanging out at 38 jimmy hanging out at 184 with it me now, when i say: wait the first 15. 20 30 minutes.

Something like that. Just please understand that's like not the most common rule. I know a lot of people who love training at opening. It's just for me the way i interpret the market the way i have the most successful trades i like to let the market breathe at first, especially on, like mondays after the weekend, when okay, we don't know how it's going to come, it's like not the most Volatile opening, unless there's some sort of like big political announcement or an announcement related right to a company, but for me yeah.

Sometimes i miss out on trade. Sometimes i don't get the best entries, but a lot of the times. I end up saving myself money by getting better trades or not getting whipsawed in a position. I'm a fan of just kind of like waiting, seeing how things pan out, but that's just my style, i'm not saying that's necessarily meant for everyone and in fact, obviously i'm not a financial advisor.

I'm not a lawyer, i'm not a fortune teller, i'm none of that. You got ta make you're in charge of your own money. You should not be buying or selling based on anything. I do do don't do say.

Don't say it's your money. You got to be an adult about it. I'm i'm seeing this rise in social media of people like just blindly like just like these blind little sheep following people on social media, and that is a crazy, crazy idea to me. That's insane because you're, just not learning yourself then like the entire concept of what's going on here, is for you to learn and develop your own skill set like you got to be self-sufficient.

That's so so important if, if you're relying on someone else like to spoon feed you trades and what to do that's bad. That is not good um. Obviously, you got to learn from someone and develop your own methodology, but if you think you could just like do a buy and sell service or just copy people on twitter or reddit or discord or youtube, that's not a good situation to be in. That is not at all, because it just means that you're not learning you're, not developing your own skills.

She will be the winner in my very biased opinion, better fundamentals. Good morning moon gang beautiful day to be alive. What's going on gorilla, champ, champ matt said: doo-doo got him, matt said doo, doo ha ha ha ha all right, iwm lookin strong, let's see if it can push above 225 a little bit whippy, and this is when i'm talking about like whippy. This is what i'm talking about like down down, but then you see a green bar, but then it whips right back, that's what i mean like with whippy and like get like that's a kind of a common term to in in a way, i guess express, like The vagueries of the stock market, when you have high volatility uh, so you just get whipsawed you're like oh wait, it's up and then it comes right back down and then it's up and it's it messes with their emotions very, very quickly.

Uh who you calling blind little sheep, what's going on, that's duck, suspenders all right, amc! Remember! The level is 38.75 from there. I feel very strongly about the key psychological target of 40 and then from there, the breakout of 41.85 and then from there the gap bill at 44.20 um. What was the title be prepared for gains like i'm telling you it looks like money is flowing back into the market. People are starting to like shrug off some of the ever grand concerns.

The federal reserve concerns the debt ceiling concerns you're, feeling the money is flowing back into the market. I don't know how long the momentum is going to last. That's why we do this. This is why we pay attention what happens day in and day out, but it does feel like money's flowing back into the market right now and a lot of the market, futures options, stocks and crypto we're seeing a bunch of green.

In fact, look at ethereum rip rip rip, rip um, so i know some people um so voyager. I really like it. It's a crypto brokerage. Other people have been messaging me they're, like hang on.

I i'd prefer to buy on a crypto exchange and just to clarify. I'm a fan of various things. I have an account on crip on coinbase, gemini and voyager. I, like all three.

I know i talk more about voyager, but today, if you want to get on coinbase - and i did make a video yesterday about how they're about to run out their own nft marketplace uh. So, if coinbase is something that specifically interests you, especially for my international viewers, uh coinbase, i think the only place it's really having issues at right now is hawaii. I believe so outside of that, though, if you want coinbase, it is pinned to the top of chat. Uh you get some free bitcoin when you sign up ups, is capped out and won't take any more volume and fedex can't get people to work five days for 12 hours, let alone seven days for 24.

Walmart doesn't have the infrastructure and deliver that much stuff interesting. So frank, are you saying that this, in your opinion, that this bottleneck situation? This is what i love about it like honestly, one of the coolest things this like seriously like, i know, i'm getting as giddy as a little school girl right now, but when, when mainstream media, okay, first of all, we all know they have agendas like clearly they Have agendas and they sit there and they don't have the interaction with the group seriously. One of the coolest things in my life right now is the fact that i get to talk to thousands of people. Think of the collective knowledge so like right there.

I talk about the story of this bottleneck of fedex of ups walmart of the president, saying yeah yeah we're gon na fix it look it. We hired all these people, but you know, what's cool on my end of it is i get to talk to people that are legitimately working it and they're like no? No, no there's bullshit being spewed by all these politicians mainstream media. I think this is the coolest thing it's like to us. We like we're it's a little hive mind.

We have a 10 000 person hive mind, sharing the knowledge of like no right there, so this is so cool. So frank is basically saying the issue with fedex. Walmart ups is like yeah. The government might have signed them on, but they're just there there's a worker shortage, so it's not going to change it at all.

Walmart doesn't have the infrastructure to deliver that much. That is so so cool uh. I think it puts us in a special advantage when we're all just sharing our own little life, knowledge of what goes on ah seriously, it's the coolest part of being on this. This end of the this like community.

I love it. Why is my camera jumping? I hate it if anyone has a sony a7s3. Let me know what the fuck is going on. Cuz i wan na break.

My camera can't believe someone actually got you to say. Let's go brandon, wait what's wrong with let's go brandon brandon um did i miss one? Let's go brandon, i miss i'm missing it. I miss that joke. I don't get it now everyone's laughing at me now everyone's making fun of me shit.

Oh man, i don't get it everyone's literally just laughing at me now. Uh, anecdotal, but fedex terminal. Never has a problem filling positions. I don't know all right well shout out to brandon to all the brandons today i don't get it.

It's so awkward, hey it works. So if we need to talk about brandon today, because amc is just ripping uh, i'm fine with that we're at the breakout level. Right now, 38.75: this is the breakout from here i'm closely watching 40.. Oh brother, the apes got the breakout no longer range bound holy guacamole batman.

Look at we're breaking out of the range we're breaking we're ripping. Here we go. Oh brother, oh brother, oh brother, it means f job, wait. How is brandon a like political comment? I am so lost.

I i'm so lost on. What's going on, am i saying something? That's gon na get me in trouble. It means f, jo, wait. How does that mean? What am i missing? How does brandon mean f the president, i feel like i'm now going to get in more trouble with youtube son of a bitch.

Whatever it happens, i must i must have really missed something. It's a nascar thing youtube it. Let's go oh hey if the youtube overlords are listening right now. Please understand i i don't know.

What's going on um, whatever? Whatever it happens, you can't win them all. You cannot win them all, but what you can win is on amc. Gme gme is looking good uh. Pushing up remember that the region we're watching on gme is 188 to 190..

There's a clear level of supply there that we're trying to break above in terms of amc, we're looking for this break above well, we're at it right now. It's 38: let's just call it 75. I think it's like 78 or something like that, whatever it is, we're at it right now we're looking for that punch above it and hopefully, a very rapid rip, all the way up to 40.. In my personal opinion, what i would love to see is the technicals get blown out of the water, a quick rip up to 90.

Then it comes down settles and then from there we're able to push 41 like 80ish, and then that would start the gap. Fill all the way up to 44 20., all right we're seeing some strength. All right, prague got knocked down to 205 coming back 209 uh, a n y, a and y. Then let me just double check.

I do like it above 760 on a andy all right. Uh, a reporter said: ethnobiden chant was saying: let's go brandon on live tv to cover it up. Oh what i missed that. Obviously i missed that uh interesting way to cover it up all right.

What do we have? Uh? Oh, i am in the wrong discord channel. Okay, hey matt. I think you should uh collaborating with jason. He is a younger trader in youtube space, but i think he's got a letter in a room to learn about the market.

I think you can make him some quality content together. You have to do more soon because i just found him the other day uh. I haven't heard of that uh creator, but i'll check it out. Uh a crowd was chanting.

Oh geez, all right hang on to do all right. Amc, tapped, 39, the nice round dollar. Uh, i think we keep going. I think we keep going.

The thing that would make this even better is obviously the spy um right here spy. We want this to continue punching higher the same with we want the the overall market to continue going higher uh a floating head. Oh just because of my shirt i mean i could change that hang on. Do you guys, like that, better you, like a little bit more light, i kind of like the more of the moody stuff reminds me of when i was an angsty teenager get out of my room mom.

I remember those days and i like those days, but we could do a little bit more light. If that's what everyone wants hey. This is your show folks, i'm just i'm just the talking head here, i'm just the talking head all right spy. I want to see this keep pushing all right.

Let's do some uh, so this is the breakout level we're paying attention to so we're trying to get out of the range on amc on the bigger picture. Gme. Looking strong, remember: 188 to 190. That's the level we're trying to punch above might take a couple days or hey: maybe it happens today.

The spy gap up, but we're kind of flat to the open right now got smacked exactly where it smacked one well resistance, resistance resistance and then one support. Obviously, 440 is kind of important we're trying to get above that from there uh watching for the gap fell at 442. in terms of the qs not a gap above it anymore, but we do have this gap below it. But let's see if this can hold we'd love to see it above 364 would love the breakout of 365.70 and in terms of iwm, which we specifically care about for amc above 225.

Basically, 225 is a nice level, another breakout at 226.. All right. Let's do a check on these ortex numbers. Amc uh, not too much going on today.

Net return to 268 000 uh, not seeing a big change there in gme uh, not they actually haven't changed it. Let me just do double check 122 000 iwm pushing push and push and pushing all right. We. This is the line in the sand to play some awesome music.

Let's just see amc punched above 39 and then we can rip it with some music. I like this. So this is nice. I mean check this out what a beaut of a day it shoots up.

Hang on. I actually wanted the rsi. What a beaut of a day it shoots up, gets. Overbought comes down.

Cools off gives the the rsi the relative strength index the chance to just take a breather and then we're punching again iwm on the move. Let's keep going with that all right, all right, all right, we're moving! This is man money money to be made today check out jim cramer's tweet. What did what did kramer tweet out today, jim cramer accidentally typed in him kramer, and that is an account. What did cramer say: big news matt? What uh wait? What is this real there's? He must be talking about a stock.

He has to be talking about a stock. It has to be a stock right. Like is there's a stock. That's moving m-a-t-t matter point.

Maybe there's not jim jim. Are you watching now? I feel uneasy. I've never had such a celebrity just yell, my name on twitter before um for twitter's been weird lately. It really really has so with this with this into account uh.

So there's gon na be some adults in the audience that maybe you've heard of this like acting website, called xvids. They ended up following me on twitter yesterday, for whatever reason we had a little bit of an exchange, you can see it on my uh. My account, but twitter's been a very, very interesting. Let me show you this one: where was it right here? Amcgme and then xvids responded and they ended up following me, and i just said thanks for the follow and they said no thank you keep up the good work be happy and stay healthy, like so twitter's been twitter's, been weird lately.

Very, very strange, very very strange. Oh, we broke above 39, that's music time, music time cause we're holding on forty life. Getting them tended so soon, don't be mistaken. The apes won't be shaking or breaking because we're going to the monday very soon gon na 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, fam what you do wan na hang You wan na chill.

Oh you got a mansion two! 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 had enough of these villains, 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 brought my wife a minivan to share with a 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 cause we're holding on for we'll be mistaking the apes won't be shaking or breaking because we're going to the moon expectation, probably more manipulation. If you do, a creation of a crooked operation bought 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 holla. If you spend your life 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 of living 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 girliana's ground control. To make your time we bout to have liftoff call us nearly strong gon na keep holding on screw kenny cause we're holding our pussy life, getting damn teddy.

So soon don't be mistaken. The ace won't be shaking no breaking because we're going to the moon don't be mistaken, the ace won't be shaking or breaking because we're going to things are looking good man, i'm now more intrigued than ever. I don't know what else matt like. I don't see a stock or i don't know what it could be.

I don't know what it could be iwm. Obviously, looking strong, looking strong, strong, strong amc, looking strong gme it it pushed to 187, then came down to 183.60 for now, but the market still holding up. We got double tapped at 39 on amc interested in that psychological level interested at the psychological level of 39 or sorry, 40. uh.

So, let's see if we can keep this pattern of just the higher lows we had 38.30 38.50 - let's see if this can hold right here. Watch a little bit of this intraday support to see. What's going on um going to be way way easier for amc to continue upward gme to continue upward? If we just see everything also pushing someone said read his tweet from before is some guy someone said a guy in jeopardy, i'm pretty confident that uh! Oh hang on one second hello: this is matt matt, ken ken. Is this you again yeah.

Sorry, i have to call you from a new number. There's been uh, been some interesting developments going on over here, yeah. What what's going on ken ken more than happy to talk, and in fact have you seen some of those the recent tweets? I know your buddy over there at cnbc kramer uh. He he literally just is yelling matt into the interwebs.

I don't know if you saw that uh yeah. No, i haven't seen that myself but uh. We have been seeing more things about the apes starting to campaign with sec officials. Lawyers really just pointing out how myself and virtue might be completely destroying the entire market.

Um and it it's it's problematic yeah, i mean kenny that, like kenny uh, i hope i hope we're close enough, that i could call you kenny kenny um, but anyway yeah. No, we get it and i know i saw you there. You're saying like yeah. Just tell me what side of the road to drive on and i'm gon na drive on it, and you were even saying that payment for order flow is some sort of um.

It's a cost to you and you would rather not do it but me, and i i like to consider myself a businessman. I admit it's a bit of a weird business like i it's a business of the interwebs but a businessman nonetheless uh. It's interesting to me that you consider payment for order flow, just like a cost to your business and one of the things i'm always curious about is, if it's a cost to you and you don't like it, why not just not do it! You know like if it's a cost, you just you know like stop. I don't think you're really doing it for like an altruistic, like desire of yourself to help the world yeah uh that that's just the lines that my lawyers gave me right before i mean.

Obviously i love paying for order payment for order flow. I love paying it because i make a net profit off of it. So yeah i just like you saw me when i was talking on bloomberg. I was just i don't know i was talking and then i was like hey.

Maybe i could somehow like confuse them all by saying i'll drive on the other side of the road, and i would love to get rid of it when in reality, it's like a multi-billion dollar business per quarter. For me, uh matt, i don't know if you've seen the most recent filings, but i make about like 90 000 an hour and i i very much love payment for order flow. In fact, it's like one of the most profitable businesses in the entire setup of wall street yeah, no, that's kind of what we all assumed. I think we all assume that you love paying for it, because it does line your pockets, and that is impressive.

Like 90 000 an hour, that's the it explains why you're a multi-multi-billionaire. Now i do have a quick question for you. I was looking at some tweets of these other market makers much much smaller, and there was this one guy across the pond over in the uk, and he pointed out that, right before the june run up in amc halfway through in about mid-may, he was showing how, In terms of market making right at that point, you guys had over about 50 percent and right in mid-may right before that run-up you lowered it down and gave over some of the market-making to your, like. You know the enemy of your enemies, your friend, that type of a scenario virtue um you gave some over and you dropped below 50 percent uh.

I was like the audience right now very, very curious about what that's all about. That's a great question, so uh. I know a lot of people like yourself in the apes. They accuse citadel securities in virtue of being a duopoly and uh yeah, and it's one of those things that if we ever get called in front of i don't know the sec or some sort of legislative regulatory body.

We need a legitimate argument that we don't have a monopoly, a duopoly and the fact that we were over 50. You know that comes into the whole issue of competition, and so we had to give up some and legally right now. I can't explain why, as soon as we gave up some of our control a week or two later, the stock absolutely ripped but uh yeah, no you're you're right on uh. We actually don't want virtue to go anywhere because they're they're making it so we're like.

Hey. No we're not a monopoly, it's just a legal thing. I don't want to bore you with the details, but yeah no you're right. We were above 50 and then we we like to coast right at 49..

It's the best way for myself to line my pockets. My investors to line their pockets and then yet we still have the argument that nah we're not a monopoly. Thank you very much for cleaning that up ken. I think a lot of the apes do appreciate you like shining a little light on your business model.

There um - and we know you don't want to get rid of it, and it does seem interesting that you're paying off uh, seemingly paying off some of these mainstream media correspondents, such as, like charlie gasparino, i like to refer to him as dipshit charlie, no way, that's What we call him too, or even on wall street, we call him dipshit, charlie, that's so funny. Look at that! We do have some similarities. That's awesome! It's funny that we all we all think of that guy as the exact same one, but anyway, yeah he's now trying to turn it into like this whole political issue, because you've donated millions and millions and millions of dollars to republicans and he's trying to like blow It up of like, if you're a republican, you got ta love ken griff and you got ta love payment for order flow and then, if you're, like left, obviously he's just trying to like divide, like you know, cut it in half. When i think it's interesting that, if you're in the retail public, it doesn't matter if you're a left right or in the middle, if you're not even part of the u.s political system, i do find it interesting that payment for order flow impacts you equally.

It doesn't really matter, and then, on top of that, we do see some politicians who are trying to make it like a racial issue of like the only reason minorities are trading is because of robin robinhood and payment for order flow and, if you're against it you're Against minorities, i find that's crazy, yeah um. That's we got that one out of a think lab we're. Just like oh wow. This looks really bad, let's just throw as much shit against the wall as we possibly can, and if we can just kind of break down the argument from the inside and be like you're a racist or you're, the other political party, we're hoping that we could just.