Apenstein: The Monster of The Market (Stocks & Crypto Rally)
(AMC, GME, ANY, PROG, Bitcoin, Ethereum, Solana & Matic)
Dumb Money w/ Matt Ep. 112
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Tindy so soon don't be mistaken, the apes won't be shaking or breaking because we're going to the moon day 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. 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 retell it shit to tell they'd be sweating had enough of these feelings, 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 cause we're holding on for delight getting damn.

Today's expectation probably more manipulation, if you did, 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. If you 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 and john rocket man. This is the way gon na be girliana's ground control to major time. We bout to have liftoff call us neil eight strong, gon na keep we're going to the moon, don't be mistaken, the ace won't be shaking or breaking because we're going through them we're going to now gang hello, hello, hello. What is going on happy thursday october 21st? I hope you're having a good morning afternoon evening night, whatever time it is for you, i hope, you're having an absolutely fantastic day.

We here on the east coast of the us we're just getting rocking we're getting rocking waiting for the market to open up in about 30 minutes kind of seeing what's going on, because we kind of know throughout the past week. Things have been very green, very, very, very green, and the question is: is it going to continue we're going to take a little bit more of a breather, but we've seen a lot of green a lot of opportunity. We have some earnings coming in. We obviously have always it seems like day over day.

We have developments worth our moon stocks. It seems like this week the one that stole the cake was gamestop in relation to its gamestop, the gme sec report, which i know let a lot of us down. I want to talk about that. A little bit, crypto all-time highs, um, it seems like bitcoin, namely leading the charge, but now we have east picking up, as you can see recently hit 4350, and now it's almost turning into a little bit of altcoin season uh.
So a couple things to talk about there, specifically solana and matic, have been looking very, very good but, like i said, a lot of all coins slowly, like kind of coming up almost like they, they were running on a little bit of a delay. They're, like oh bitcoin's, moving like time for us to move like an awkward delay, but even with that bitcoin still very, very high trading at 65, 000 hitting 67 000.. We have some interesting, interesting price targets that are coming out from some people who are at crypto based hedge funds. Analysts a lot of people talking about that six figures of btc hitting a hundred k.

So quite a few things to talk about we'll, be doing a breakdown of the overall market, our favorite moon stocks and then we'll be talking about crypto, and maybe we have some other news or whatever questions you have at that point. But let's get rocking. Let's set a little bit of a foundation for the day, but before we get going with that, if you could help me out, i would truly appreciate it as you come in here. If you guys, could all annihilate that, like button, that type of engagement just helps get this video served to other people, i'm already seeing messages that they are not getting um the notification so like.

I guess we're just battling it out, obviously day over day with the algorithm. So if you drop that like, if you haven't already don't forget to that subscribe button, if you want to join up with the moon game, we talk about stocks, cryptos options, futures various rands day in and day out, uh. I do appreciate it and with that being said, let's hop into it. Let's figure out, what's going on today, dao is set to drop after hitting an intraday record.

So with this, it's basically just calling out that things have been very, very green. I mean look at this run in the s p. 500. I know it's not the dow, but they are closely related, looks like it's coming down a little bit, but remember we've kind of seen these things before, where there's almost weakness.

For that first 30 minutes people buy at the base and then we push push push now i mean obviously the momentum, the bullish momentum, the apush momentum in the overall market is tough to deny right now, but maybe the technicals finally just got so hot that it Needs to take a breather remember: there are three gaps below where we're currently at on the s p. 500 - that i would strongly argue one day will be filled, so we have one gap at 450. 74. might be filling that today we have another gap at 447.55.

We have another gap at 440. 266. Excuse me. We have four different gaps, one at 436.05, so we have all these various gaps at hey me really getting into the data of the market and statistics and what is the likely play? I can tell you, especially when it comes to the dow, the s p.

500, the nasdaq, the russell the odds of gap fills are extraordinarily high. Now that doesn't mean it's necessarily filled the next day, the next week, the next month like sometimes it does take time. But at this point i'm gon na be bullish on the overall market. Basically, just because i don't see too many negative headwinds that we're running into and the seasonality right now is very bullish.
Um really till the first week in january, uh, of course, there's a couple hiccups like around thanksgiving, but from now until thanksgiving seasonally, it is bullish. Bullish bullish, so maybe we have a little bit of some pullbacks, but if i see any of these major gap fills, maybe 442 would love to try to pay the bounce off of that. A lot of this reasoning, like i mean, of course, every day. I just want to remind you that, like we're not in some extraordinary hyper inflationary environment but for the federal reserve to say that inflation is transitory, that's laughable! It is absolutely laughable.

Uh everything's going up when's the last time you filled your car gasoline is going up, oil is going up, coal is going up, milk is going up, all forms of meat are going up, chemicals are going up. We have supply chain issues, uh low supply, high demand. There's still all those boats stuck in the pacific off of la long beach, there are various issues and with it you're kind of seeing people historically, one of the best ways to go risk off and kind of battle. Inflation was to invest in gold, but right now, when you have bitcoin, specifically aka digital gold kind of really hitting a mass amount of adoption, and on top of that, it happens right around the time that pro shares comes out with their etf.

As in it's getting a lot more positive sentiment, it's being approved, obviously by sec from a regulatory standpoint, now a bunch of ira money has access to get into crypto. Things are on the up and up so if you're looking at bitcoin, not necessarily because you like it, but you just don't want to lose value in your usd i mean crypto, it's interesting and a lot of people are like are just pointing out bitcoin as digital Gold uh, so some interesting is going on there. So we talked about the spy. This is the tech, heavy nasdaq same thing, a little bit of weakness this morning and iwm same thing, but i still really like this structure so recently.

In terms of the last week, we've we've seen that the dow, the spy and the nasdaq has all really run the one that's been lagging behind is the russell 2000, but this is still a very nice setup. You could call it a w, you could call it a cup and handle you could call it a wedge whatever. It is, there's three very obvious technical structures. I'm just excited to see if the russell 2000 can break above 227, 228 and really get pushing.

That would be exciting, namely because amc is the largest stock within it and remember jimmy used to be in it, but it was had such a considerable market cap in may that when they rebalanced it, they moved it to the s p 400 mid cap. They do those rebalancings about once a year, just be careful with this similar to the nasdaq similar to the spy. It does have a gap region below it, this one's from october 13th and that high is 222.70. Like i said eventually, i would bet that this gap is going to be filled, which is potentially a money-making opportunity, depending on how it does or doesn't play out.
So that's very quickly. What's going on in the overall market, a lot of the s p 500 is getting moved by big earnings announcements. Yesterday we had tesla before that we had a bunch of banks. We had a bunch of health insurance companies.

Yesterday, after the market closed, netflix was before the market open after it, we had um excuse me tesla, and now we also had southwest american. Just it's earnings season. A bunch of companies are reporting how they did in the previous fiscal quarter and obviously a lot of them have been doing well because market's going higher higher higher the one last night a bit of a mixed bag. So let's talk about southwest uh trades under luv and then american aal southwest on thursday reported a third quarter.

Profit uh. Thanks to a boost from the federal payout aid, the carrier posted a per share loss of 23 cents, which was like less of a loss than expected and similar tune with american uh. So actually excuse me, i misspoke. I said that these two reported tesla reported after the market closed.

Yesterday, the airlines reported before the market like they reported this morning same thing. They profit thanks to the government uh and a loss of 99 cents, but that loss was still narrower than expected. Tesla reported yesterday beat on earnings revenue, delivered lots more cars, tesla delivered about 73 percent more vehicles than it had in the same quarter a year ago, despite citing a variety of challenges, including semiconductor shortages right there supply chain issues, enrolling blackouts, tesla reiterate prior guidance that It expects to quote unquote achieve 50 average annual growth in vehicle deliveries. So that's our boy elon, who right now also doing pretty well with the fact that a lot of tesla's book is in btc like a considerable, remember, tesla and microstrategy, specifically microstrategy uh has a lot of bitcoin on their book instead of usd and obviously with the Run in bitcoin that's going to be just beneficial to the stock's value.

We work to go public in a spac deal at much lower valuation. So, if you forget this entire wework debacle it i i can't say it's like a theranos level, but um he's ousted. Now the the old ceo, i believe, is newman. I think it's jack newman uh.

It was crazy. He was trying to pitch wework, which is basically just a very fancy real estate company. He was trying to pitch it as a tech company, very charismatic fella, very strange. All these idiosyncrasies, you have there's various documentaries on how the entire wework debacle just like, blew up a very, very strange story, but he was basically getting it to have a tech evaluation, as in that multiple, when it was really just like a leasing real estate, one Um - and it was a huge, a multi-billion dollar issue for softbank like it was a huge problem.
Well, i guess we work now like, like i said, the old ceo jack newman is out um. He even though he got kicked out for doing crazy stuff still a billionaire his like his parachute package was insane. It is one of the craziest business stories of the past like decade, worthwhile to check into um it values at 9 billion and at one point in 2019 it was 47 billion. It was just a monster that got out of control.

No one was fact checking it. I actually believe one of the first things i ever saw because everyone was hyped about this company. They were treating it as a unicorn tech company when it wasn't that at all and then i believe it was um who was it kevin kevin o'leary? Maybe, mr wonderful, i think it was him who said when he first saw he's like if the real estate sector ever goes south, this company blows up, and obviously the real estate sector went pretty bad there for a bit in terms of business. Rentals uh with the pandemic a crazy story worthwhile to look into so this is a fancy way for me to saying i'm avoiding this.

I just don't really want to hold on to it like. Oh, it was instead of jack newman sorry, it was adam newman. My bad uh, adam newman, it might be fine now that it seems like to be at a reasonable evaluation, but just like with this crazy story, i don't really want to mess around with it. On top of that, spacks have kind of, i guess, lost their flair.

These special acquisition companies - it's a very, very quick way for a company to go public opposed to an ipo or direct listing um. They were the. They were, the hot buzz in 2020 uh, one of the main guys who's been pushing. Him was chamath polyapotia, but they have seen to like somewhat like they've lost a little bit of their luster like they're, just not as hype as they were.

Last year, number five trump announces a social media platform launch plan a spac deal now their spac deal. So the former president, i guess, he's getting into the world of social media. I would assume he's still upset about getting kicked off all social media. Didn't he get kicked off everything recently so um it seems like he is trying to get his own going.

I i don't know much about it. This is actually the first i'm hearing, but hey, let's see how it ends up playing out. One interesting thing for the overall market: us jobless claims total 290 000 versus 300 000. So it seems like in terms of these job reports.

Slowly but surely they are getting a bit better. But it's weird because at least from the numbers from like august september, we're seeing a mass amount of people quitting their job, so jobless claims coming in better than we expected. But then, when you look at people who are like literally just queen they're, like you know what i don't want this job, that number is staggering. So, in terms of the labor market, a couple different things are really way out there um right there, so it it beat by 10 000..
So somewhat of a a positive news. Obviously we got ta talk about crypto. We have to because bitcoin just hit a new all-time high yesterday to everyone watching right now, who is in any form whatsoever invested in any crypto coin and or token congratulations, you're you're, most likely very, very green uh, so bitcoin right now, 65. 000.

At one point, it was valued over 1.25 trillion dollars, which is still about a tenth of gold. So if you, if you're complain, comparing just of like what could it go to if you're just trying to do apple's, apples and being like, i think bitcoin is gold and of course that's going to involve a big macro economic debate. But i'm just saying right there, like, if you're just using overall gold as a comparison, hey uh it. It still is the argument that there's quite a bit of upside - and actually i do have some price targets for you.

I just want to point out. Aetherium uh, almost half a trillion right now, ethereum doing very, very good, uh cardano. Finally, picking up around 225. I honestly think this thing should be at three and i'm hoping by the end of 2022, it's more than five, but today i want to spend a little bit of time talking about solana, because it's ripping right now ripping ripping over the past 24 hours.

Salon is up 16 and it's one that i'm invested in actually all the ones i've just talked about. I am in myself just for the point of transparency. I i like crypto. I think it's gon na go higher and higher and higher, and then the other one where is matic, where is polygon on this list 21, also having a nice push recently um.

So i want to talk about those just specifically but like, as you can see, a lot of green going on in crypto. It's just the enthusiasm. Bitcoin bitcoin is the equivalent it's the main. If we're to compare it to stocks, it is that it's, the equivalent of apple, the it's the biggest one in the game and it's a rising tide raises all ships type of an argument all right.

So, let's talk about where bitcoin can go because right now it's been on this crazy rip not long ago, literally at the start of october, if you never heard of crypto before in your life and you're like hey, this thing sounds cool. I'm gon na buy it on october 1st. You would already have a 50 return like you didn't, even have to be like some hardcore. Of course, if you got into btc like sub 1000, you're ecstatic, but i'm just saying you could have been involved for three weeks and you could have made a 50 return on your money.
And i strongly believe that this is not the end of btc. In the short term, i really really don't and that's for a couple reasons: uh from a regulatory standpoint, the us is being more friendly with it. The we see that in the etf and we're still looking for valkyrie to maybe come out with their bitcoin futures etf. This week and there's a couple other in the pipeline and grayscale is coming out with that physically deliver delivered direct ownership, hopefully by the end of this year, and that would trade under gbtc.

So, just a lot of acceptance, um, accessibility, a lot of people who don't have a crypto wallet exchange account anything like that. Well, now that there's an etf, especially when this grayscale one goes, live accessibility, more money flowing into crypto and a lot like i mean the ira situation. Uh these retirement accounts, at least in the us, is over 12 trillion dollars. Imagine if even a half a percent of that ira money flows into crypto, so there's where some demand can come from, but i think other demand could just come from the fact of all these numbers.

We're seeing are representative of inflation. So the stronger argument that people see for bitcoin, so we see the enthusiasm of it going up and as people dive into it, they're gon na, like all they hear from mainstream media and even from ding dong, youtube channels like this guy inflation, inflation, inflation battle, inflation, They're like well: how can i do that gold or bitcoin? Okay, let's try out this bitcoin thing, that's ripping like crazy uh! So right now, 65. 000. I think we're going higher in the short term ethereum.

Looking great looking great looking great uh, it seems like in the last bar, we had some volatility right here, but now we're trading at 4, 200 ethereum ripping higher higher higher, very, very close to an all-time high. If we scroll out right here, what is the all-time high, it's around 40 hang on. Why is this not giving it to me 40, something 400, just below 4500. 43.

24.. So we are in spitting distance of a new ethereum all-time high, exciting stuff. So those are the two main ones. I just showed you on coin market cap, the two biggest ones.

It goes bitcoin leading the way east number two. But the big question is: where can this go a lot of people? If you're, like, hey matt, i get this bitcoin thing. I hear you rambling, on about inflation, whatever, whatever, whatever uh, please what is going on? Where could this possibly go short to medium term? Please duck boy, give me the numbers. Well, of course, there's a little bit of prediction here um, but let's rely on some of these people, who are the fancy schmancy analysts, and this is coming from ben castlin, a head of research and strategy for crypto exchange, aax bitcoin, breaking its all-time high was long Time coming and had been in the making ever since the asset shed 50 of its value in may, he now expects the price to rocket past a hundred thousand, which is a growing number of market.
Analysts are penciling in as their new price target, so you have quite a few analysts going hey six figures. Six figures, that's incredible! That's still what that's still a 66 gain from where we are right now, all right. Moving on the same guy, all eyes are set on 100k mark, but when retail does rush in and more funds open up to bitcoin, including physically backed etfs 100k, is unlikely to be the end of it. So physically back that's what i'm talking about with the spot.

Etf, instead of buying bitcoin futures, the ones that can directly buy bitcoin the main one, the first one that we might be seeing of that is once again grayscale keep keep your eyes out on that all right couple. Other people, uh chief operating officer at stack funds, matthew, uh dib. He was commenting on the pro shares. He also said our next target on spot btc is 80k in the short term.

Right now we're trending at 65.. That's a nice 15 000 gain in the short term. I wouldn't be surprised if we see bitcoin climb towards 100k during q4 of 2021 or q1 of 2022. Just so everyone knows we're in q4 of 2021, as in he's not surprised.

If we see this quarter or next quarter, but with being very, very bullish, of course, not everything, we don't live in a world that la la land, of everything, being good good, good, green, green, green, no risk at all. You do have some things to consider. One risk is that soaring oil and natural gas prices might lead to extra scrutiny over bitcoin's network's energy usage. So right now, a lot of people are calling out the environmental impact of crypto and crypto mining um, and that's a very real thing to consider, and in the past, when that has taken social media by storm, we have seen certain cryptos get hit and with that Just like, and i could go on this about later - it does seem as if there are some pretty good alternatives in terms of the environmental impact, with cardano being one of the main ones.

Governments might take harsh stances if this winter leads to shortfalls and energy across several countries and that can mess with the hash rate so right there. That is something very, very fair to consider all right. Let me very quickly just show you oil, to kind of give you an idea of where you can check it out on this cl. Uh cl is the futures market for like crude oil.

So when you hear of gas for like a gallon per barrel, this is what we're talking about we're at 83 bucks uh. In fact, it just hit a new high already in the overnight session of 83.96. So it looks like we're about to clear 84 dollars a barrel. So yes, energy, expensive, so oil is high.

Natural gas is high. Coal is high. A lot of energy is very, very expensive right now. So i think that's a pretty reasonable argument.

We already spoke a little bit all right, so that's bitcoin, looking good it just is taking a technical breather. I think in the short term, medium term long terms as of right now morning of october 21st, i am bullish on all of the major cryptos. I mean. Obviously, ethereum like doesn't need to like do.
I need to say anything about it. Just look at the chart right now. Remember i think, of bitcoin as a store of value. A digital gold ethereum is much more of a utility.

That's when we're talking about d5 daps nfts, it's much more of an advanced technology that people are building all these other things off of it's impressive and the one hit against ethereum. It does have mass adoption uh. I think it just becomes even stronger when it successfully switches over from proof of work to proof of stake, but still a very, very strong utility coin. And then we do see some other competitors in that arena, such as cardano.

That is proof of stake, and it already has all of those smart contracts. They are live with that very, very interesting but, like i said proof of stake, it is a better consensus model and then we have solana another one that some people have tried to dub. The ethereum killer, it's in that realm of cardano, where it's highly competitive with ethereum - maybe i shouldn't say highly competitive but let's say competitive, so seoul right here. Look at this! This run from 155 up to 190..

Previously it's traded at 220-ish to 216. I suppose look at this breakout double breakout running right now, it's at resistance in the 190s and then i want to see this break of 200 in a run to a new all-time high. But once again this is in the world of being a utility coin. So if you look up the consensus model, someone they're gon na tell you proof of history.

That's not really a consensus model. It is proof of stake similar to cardano, but it's a little bit of a twist on it, where, when they're doing all the updates from a technology standpoint, all the time stamps are there. So they argue that it makes it more efficient and it does um. But it's technically proof of stake, but you're gon na hear proof of history as well, and just so you know that's proof of stake, but they're, like always sending in with their blocks the time stamps and it's just a technology like improvement.

The other thing to me that looks very, very interesting. Right now is matic matic network uh polygon. This is it's basically improving ethereum, because right now one of the biggest issues with ethereum is it's expensive. It's not necessarily the fastest, but with matic, that's improving it.

We're going from, i don't know about 15 transactions. This helps it scale up to potentially tens of thousands uh, so matic kind of going to be intertwined with ethereum. The more the most recent fundamental development with polygon with matic is that it opened up on south korean exchanges, also when they did that they increased their own transaction fee, uh just to help battle some of the spam that was going on on the network. That's some of the most recent stuff, but from a charting perspective, look at all four of these things: bitcoin ethereum, solana, matic, all looking very, very strong, and that's i i'm not just saying exclusively.
These four is just the best thing to show right now. Look at cardano ada right here, also looking good up to 225. Looking for the breakout of 230 240. uh, we have shebe at 28.

Looking for that breakout of 30. hex disappointing me a little bit right now. I'd prefer that it gets over 30.. Obviously, the higher the better, but right now, just in general, like it's very, very easy to be a crypto bull here we have solana, just if you want to check it out, see what it's all about very, very well respected project, i'm in it myself, i like It, i think, has a very, very bright future.

Basically, all of these different blockchains that have smart contracts and are either proof of stake or are looking to be proof of stake. I'm talking about solana, cardano and ethereum, i'm in it. I like it. I just really believe in the future of where all these are going and then polygon.

Remember, because i am a fan of ethereum if you're a fan of ethereum, there's a pretty good argument that you're going to be a fan of polygon, it just helps its scale. Uh so interesting stuff there not necessarily my favorite, but i still very much like it all right now. Let's talk about our moon stocks, so amc right now, they've already borrowed 353 000 shares against it, estimating the short interest to be 16.7. Obviously, we will be checking that throughout the day, utilization 86 shares on loan, 106.8 million and right now we're seeing a little bit of a drop.

But this is still sky high. The average age of these shares being on loan coming in at 73 days, and just remember that means that they're paying a pretty hefty cost to borrow these fees are based on an annual rate. So you would split it up per day by the amount of trading days in the year, but still when you're talking about 107 million and then that fee like it adds up every single little day, uh, definitely something to pay attention to. On the other hand, we have gamestops, which is popping back up it's now 47.5 days.

The utilization 87 shares on loan 8.33 million and the estimated estimated short interest is 11.65 uh, not much of a movement thus far today in terms of the amc and gme chart. So amc a couple things to talk about: it was range bound. It was boring, it wasn't doing anything, it was low volume, it was low volatility. We finally got this pop from october 13th, all the way up until october 18th.

So we had this nice four green day move and then we had a red day, a technical breather, and then we had a very, very boring day yesterday once again low volume, low volatility, but now look at this. Instead of settling around 37, we settled around 41. uh we're looking for this breakout, namely a 41.85 from there. I want to see that push to 4420, which was this gap, fill that we had on october 19th, but that's resistance.
I was calling it out as resistance. It ended up staying as resistance, so we want to see if we can gather enough momentum, which we have right now. Look at the macd, a lot of bullish, a lot of apis momentum. We want to see if we could develop the momentum and get the break above 4420 and then from there, especially if it happens today, would love to see the test of this trendline around 47.

in terms of gme similar situation. In fact, it actually had some momentum for longer. It was moving from october 6th, basically up until the 19th got smacked at 190, clear level of supply for gamestop. At that level, 190 got smacked, probably just taking a technical breather same thing as amc.

We want to see how long this momentum can be sustained for i'd rather find support as quickly as we can and then try to get another test. What the one two three four five six tests of this 190 would love to see. Then a test of 196 and really looking for the breakout of the key psychological level of 200. I think that would really be some of the gamestop apes flexing and in terms of amc, that equivalent level would kind of be that 47, because after that, of course, we'll watch 50.

But i want to see what happens to 53, which was the high from mid-september. So, overall kind of some we have very exciting stuff, going on very, very exciting stuff going on. We see amc and jimmy doing their things. We see crypto moving.

The markets have been on a crazy run. Lately, um politically things have been a bit quiet. Lately, um they're talking about some things, but i i saw over there in china uh evergrand either it's rumored or they officially did default on their payments so but that that itself is falling to the wayside. So just some things to go on, but right now ding, ding ding, the casino is open.

Let's see how the market opens right here, all right, let's get going for the day, ding ding ding all right as we see how the market wants to open up today. Let me get to some of your questions right now, because it helps me sit on my hands and not make any dumb decisions in those first. 15. 20.

30 minutes. How can i invest in the market going forward? I hate to be negative, but it seems more obvious than ever. It is rigged against the little guy um rigged against the little guy. I would agree with that.

I truly would agree with that, but it's not rigged to such a degree that you can't make money. It means you need to be more patient, better, understand the game and understand where your opportunities arise. There are people who are professional traders for their own account. That doesn't mean you're trading every day, you're waiting around like a sniper.
You are you're some hyper aggressive like big cat and you're just stalking your prey. You just wait for your opportunities. Is it rigged against the little guy? Yes, is it rigged to such a degree that you cannot be profitable? Absolutely not. There are many many individual retail traders who are hyper profitable.

You just have to understand the types of trades that you can really. I guess capitalize on, to help your own p. L. What's going on carlos five months, i appreciate that wall street viking guess who showed up on the threshold list.

That's right! My boy, prague happy five months, matt, let's get after! What's going on wall street viking, what's prague at right now, prague is at 270.. Prague still a very alive play! Wait for that to recapture three dollars, and i think you could see some fireworks from there. It's 37. It's 37 145 calls for amc.

It's 37 145. Calls for amc, jonathan, i'm i'm not quite sure what your question is there if you have like uh, maybe i missed a previous one uh, if you want feel free to follow up with the mod and they can get it to me. What do you think about? Hx, let me write that down and i'll come back to it. I have not heard of hx morning.

Matt know you have a lot to cover, but when you're free check out the video post on twitter, i tagged you i'm having brown love the channel. Okay, i'll. Do that uh during uh during break today, i'm having around all right. Let me write this down.

Don't want to forget way way easier for me to take notes. Matt thoughts on dwac was 9 38 last night now over 12. yeah. Isn't that the spac that uh, the former president trump, is trying to go with his like social media uh right? What do i think about cheap in the four hour? It just needs to recapture 30..

I mean it's holding strong, it's at 28. Recapture 30 sets up 32 from there 36 and then from there. It could just get like very, very exciting, very, very exciting matt. If i can't trade on dark pools, why can't my shares? Get rerouted through them? Is that why important to emphasize off exchange hey matt? If i can't trade on dark pools, you can trade on dark pools.

You can't trade on all dark pools, but if you have something like interactive brokers, fidelity uh, tda, there's a route option to a dark pool um. Why can't my shares get rerouted through them? So if you're doing payment for order flow and the market maker does not want to take it, they can send it really wherever they want in terms of best execution, and that might be a dark pool. Is that why it's important to emphasize off exchange um? So it's important to emphasize off exchange, because off exchange is two different silos. It's market maker, internalizers retail wholesalers, whatever you want to call them and dark pools, that is the umbrella of off exchange, market makers and dark pools.
And then those are two different types of venues that are still both off exchange and then you have on exchange trading, which is what 16 major lit exchanges, i would argue like kind of 12 of them are the big ones, but um, that's all lit exchange. That's on exchange trading and then there's just there's very valid arguments of off exchange trading. Um. They don't play by the same rules, a little less regulated.

There is strong arguments that it hampers price discovery, um, there's various things that are going on and i'm just a fan of training on a lid exchange, because it's more regulated, it's more transparent and there are strong arguments, but that it helps with price discovery. In terms of better competition, so of course i'm gon na be a fan of that um. I hope that answers is that why it's important to emphasize off exchange off exchange is the two um just so you know many many people are overstating dark pools. I see stats of dark or dark pool trading.

60. 70. 80. What they mean is off exchange.

They don't mean dark, pools. Uh, i don't know. I think people are getting a little bit confused on what that data means a lot of it. At least when i last checked it for the month of september, when you looked at off exchange trading like that subgroup of it, a high majority of it, was market makers which is still off exchange and not dark pools.

A lot of people are conflating off exchange training to be exclusively dark pools when that's not necessarily the case, dwac could be fun to watch news today that they partnered with trump to launch his social network. Very well could be dwac. Let's see, is it moving? Let's see if there's a money-making opportunity, uh a-t-e-r-a-t-e-r, what is ate are currently trading at um atr 95, i mean atr is a very a live play in my humble opinion, whenever it's above 9 15. and right now, it's trading at 9.50, it's up.

1.5 atr looks like it's having itself a day. Can you explain what high frequency trading is so high frequency trading is, more so of an umbrella term, uh, most of the time when you're hearing about it, people are referring to it's a very low level. In terms of code, it's very advanced hardware and what they're looking to do is take advantage of people who are slow in the market. High frequency trading is it's in the game of microseconds in the game of nanoseconds they're, not getting into a position and hoping it goes up over the next day or two they're saying hang on because of this fancy algorithm we built.

We see that this pension fund is selling by like sending in an order to buy a million shares of stockx at this price, so they quickly go out, try to find it for a little bit cheaper and sell it to them. It's it's. Just the game of speed and they're, taking the advantage of latency latency latency latency high frequency traders think that they can be faster than everyone and they are faster than everyone and they, then they use algorithms to see where trades are coming in and out and they Try to race everyone to those points and they they're front-running people. When you hear about front running, that's a lot of high frequency trading uh, but more so that's what people are referring to.
It is an umbrella term. For example, market making is a type of high frequency. Training like there are various like types of high frequency training but in the most general sense, think about people who are very very fast and they are taking advantage of people who are slow like even this like when you click buy like it's slow, like you type, It in you hit the button it loads for a second high frequency training. It's it it's trading in and out before you can blink uh.

What's the story with sndl, i hear lou talk about it, a lot uh. I don't listen to lou whatsoever uh. So i don't know, i know: sndl is a marinara stock, i'm bullish on that industry, but my favorite one is tilray, because it's just the biggest it has the most name recognition. So i'm just waiting for federal legalization.

How do you feel about coin miners? Like clsk been in and out, but thinking time to go long, i'm not the biggest fan of miners. If i were to be a fan of a minor, it would be a and y just because i think there's an opportunity for the stock to get squeezed. But beyond that, i'm just going to play crypto directly. I see no particular advantage of doing a minor when minors go up when crypto goes up, but on top of that you have the risk of inter-business competition uh.

It doesn't make sense to me so i'm just gon na play crypto directly. What are my thoughts on what let me write that down w-a-t uh, hey matt. Can you take a look at binance, a usb tc chart? It was pretty scary. What do you think it means so? A lot of crypto in general had wix.

Today i mean ethereum had a wick. I think uh cardano had a wick, so something i don't know it doesn't seem like it was misprints because a lot of them had these strange wicks but uh i mean binance is quite another popular one. How would you go about playing vixx? I learned so much about stocks, technicals and options from you just looking to expand knowledge, so vixx is most commonly gon na move in like a perfect inverse manual or to the s p. 500.

That's what the vix is. The vix is the measure of volatility of the s p, 500, so generally, when it sells off. That's a spike in volatility. That's why you can say it moves inversely.

You could play vixx vxx uv xy, but it's all the volatility in some manner or another of the s. P 500 we've tried reaching out to you twitter october, 7th, we're running new york city ts, billboard competition soon and having you on before would be simply awesome. Uh, i'm not too familiar with what you're referring to i i mean i get a lot of dms and, as many people know um, my dms are now coming in like awkwardly late, for whatever reason like i'm days behind like if i look at my dms right Now the last one will be from like october 17th or something can you explain how citadel is being replaced by an ai order type by the sec that protects, lit orders from latency arbitrage, uh citadel isn't being replaced. I i don't know where you're getting, that from citadel is trying to stop d limit orders from iex, and that court case starts on monday october 25th.
They came up with a d limit order, which is basically saying when we, when we're coming back to those high frequency traders, if they notice that there's about to be an adverse price movement, they change the order for you in an attempt to get a better fill And citadel is currently suing the sec saying they should have never allowed that order to be in order and the order was created by iex, which is a particular lid exchange that i'm personally a big fan of uh. Yes, i did their podcast, but they don't pay me to say this. I have no equity. I have no financial stake at all related to that exchange.

I just think that they are the most one of the most moral players currently on wall street iex started in 2012, literally as a battle against high frequency traders. Um there was a bun. There was a group of people who worked at rbc and they noticed that they were always just getting front run, and then they started to look into what was going on and they realized. It was all this high frequency trading and they decided to implement an exchange that would battle against the latency arbitrage, which is exactly what high frequency traders use to make their money and to outrun people um.

So i'm a big fan of them, and this is my own guesswork, but if you look at iex they have this. This order d limit order which is built on this very fancy. Math model called cqi cqi. You can look at the history of their commits.

This is all public information. It's been updated every single year from 2014 to 2018.. They announced the d limit in 2019 and then it was caught up in like basically sec regulation for an entire year because of citadel and then it finally went live a year later. In october of 2020., so d-limit is live right now at iex.

It's been running for about a year - and i talked about this like this - is on the coors light channel more of a breakdown, but all the metrics and graphs are impressive. D limit is a very, very impressive order type and it's its functionality is obviously superior, like the data is there. This is not an opinionated thing and citadel is absolutely hell-bent. Hell-Bent on stopping this order from going live, but, what's crazy is almost everyone else agrees.

It's superior, everyone agrees, it's superior, even high frequency trading firms are like no. This is actually a pretty good limit order. The only one who's against it is citadel, and their argument is that the sec shouldn't have approved it and they should listen to them. As in like citadel saying to the sec.
Listen to us because we are in the fight for retail they've said that that's a like official court following is that we represent retail the fuck. They do um. So i'm i'm excited i'm hopeful for how this court case plays out. It starts on monday.

I don't know if it's going to be fast, i don't know if it's going to be slow, i'm not a lawyer, but i'm on monday, when the court case gets going. I very much want to get the hashtag citadel is not retail or something in support of ix, but we have to get something going on social media, because this is a case and we need iex to win uh. I am invested in bitcoin ada and she with crypto and eth running. Is it better to wait or keep adding more um, i'm gon na hold it for years i mean i i don't like to add at new all-time highs, even for a long term hold like just the natural ebb and flow of the market.

There's gon na be some sort of uh there's going to be some sort of breather. What are your thoughts on warrant pricing in relation to commons? I'm crushing dwac today but curious on relative price to dwac any input um. Not. I don't have any special input on the pricing of warrants, but in terms of your potential gains or losses, i would argue that they're actually going to be leveraged so, for example, you're in dwacw.

If you get that play right, you're actually going to make more than just a linear bet within the stock itself, higher risk high reward. I would, i would argue, in kind of a weird way: it is a leveraged asset, but uh people who know how to trade warrants that you can make a lot of money like a lot a lot of money, a lot a lot of money all right. I think i am up to date. There hey.

I see everyone joining in. What's going on burns, i am compensating your f-bomb immediately. My name is brandon burns and i approve this fbi. Yeah, i mean uh with things getting a little bit more colorful lately.

I have definitely been uh more and more of my videos have been getting demonetized but whatever i don't know whatever folks, whatever, whatever whatever it's fun, and it's just frustrating. I mean last night just the the obscurity that all of wall street tries to hide itself behind infuriating infuriating it's just. I was diving into the some 606 reports last night related to brokerages and where they send their orders and the fact that that information is so incredibly difficult to find and make sense of they. They just love to hide it all in mystery.

They love that's, how they protect themselves and then like when one of these things like has regulations against it. They just come up with a new monstrosity, and that's exactly why, today, the title and the thumbnail, it's aipenstein like the monster of wall street um, we're. I just view it as like. The apes are now like we're a new incarnation of a monster, just fighting the monsters that have been there for years and years and years abusing the system uh presenting risk to the overall economy and the world.
Because really, a lot of the world is going to be based on the us economy and they just do it for bottom dollar, bottom, dollar, bottom dollar - and it's one thing, maybe sometimes they're, just not so perfect and they didn't realize what they're doing was bad or Good but like when we start to have the proof and the data about these situations and they're like no. No, that's fine and, like i just find it so morally reprehensible of what's going on with citadel, like particularly right now as it's going into another fight with iax, you want to know something funny about iex and citadel before iex was even in exchange, which i believe Happened in 2016, it started out in 2012.. In fact it started and like then, obviously it takes time to like become an uh nse, a national security exchange. They like campaign that it shouldn't even be an exchange like before iex was an official thing they're like nope.

This should not be a thing literally since, like before day one we're talking about like negative day, one citadel has been against iex, and then you start to look into. Why and like okay try to go into it. I i implore everyone to do their own research. Maybe i'm just a little bit biased because of my hatred towards citadel, but all of a sudden when i see this pattern of citadel continually fighting against someone or something as a business or an exchange or a concept, it makes me look into it of like well.

Why so i looked into it, i did the best i could and the things i could find out about iex, i'm like oh well. This is why citadel's events against it, because citadel seems to be or not citadel. This is why citadel's against iex ix just seems to be in exchange, so you know like hey: we just want a fair, open, competitive market that seems to be their ethos before this ape thing was even a thing. It started back in 2012 and all of a sudden they're, a professional exchange that seems to exude the same some of the same main pillars of the ape community's argument.

We just want a fair, open, competitive, equal market. That's all we want, and it seems like hey. It makes me feel at least good that not every aspect of wall street is corrupt. It seems like there's pockets of corruption and i'm not saying the entire thing is corrupted or the entire thing is rigged.

But when we see certain pockets of it well, in my opinion, that's what we fight against and as we fight against it. That's when you need to find the well-established entities, people, experts and certain subsets of mainstream media that are willing to back us up in the fight, because i think that's how we win dwa, dw, acw and dwac one is one: is the stock both went up at The moment, but when to buy the warrant when not to um i mean, with that warrants, get a little bit a little bit more complicated warrants are not the same direct thing as the stock itself. It's not good to think of it that way, but it does make sense that they're both going up right now, i mean there's enthusiasm. I guess about the new social media network that the previous uh president is trying to create uh president trump.
That is, i i. This is the first time i'm hearing about it. I didn't know that he was making his own social media. It was called like truth, social or something um, i'm i'm afraid to talk about if it's a good or a bad investment, because i just don't know anything about it.

I don't know the investors, i don't know the business plan, i don't know the revenue model. I don't know if people are already signed on hey. Are they live streaming? Are they gon na be talking about markets uh, or is it just upload videos, or is it like a twitter that he's just not gon na get himself kicked off of uh? I don't know what it is. Every ape is now winding me up as uh brandon brandon is the name that could tell that in the mall at a five-year-old, with no shirt on brendan.

It's brendan burns brendan brendan brandon brandon's, the guy who gets yelled at no shirt on. Please uh mark new shirt idea, the f they do. Oh man well we're seeing some green we're. Definitely seeing some green right now.

Uh amc looking good, remember it's 41.85, but this 4130 to 4140 area is exactly where we've seen resistance over the past like three days so kind of a hit here, we've seen it watch for the breakout of 41.85, then 42.. Before we get too far into the day, here's what we're going to do. We are going to set the hot chip level as just breaking above this trend line. It doesn't have to close above it, but if we trade at all above 47, that would trigger me owing you that hot chip challenge just so everyone knows so for today it changes day in day out, but today we just need to trade 47.01 for one tick.

One time in sales print and then that would trigger it. Uh dwac, let's go brandon shirtless. What is going on what is going on all right, uh iwm iwm, i mean i was talking about how i'm long on it. Yesterday, i just locked in some of the money on it on it i mean it's just looking really good like it's just looking awesome, i mean look at this uh, so the reason why i locked this up is because we're at resistance, uh - and i there maybe There's an integer breather where i can load up again and try to ride this breakout to 230 uh, but just just a nice money-making opportunity.

What is btc at dwac. Looking very good gme look whoa everything's everything's, looking good what is going on right now, even btc doing its thing eth doing its thing. Do we have a particular crypto solana waking up? Where do we have matic matic 157 cardano's, looking good wow, wow wow wow? Let's get going folks: let's do this thing hey! Let's do this thing, thoughts on holding uv xy. I know it deals with the s p 500 futures and has been in uh contango, but it's still sitting at all times, load covered, pull back with the spike yeah.
So uv xy is a leveraged way to play volatility. So it's going to move inversely in a leveraged manner to the s p. 500. So as the s p, 500 continues to go up.

U v x y is going to come down. U v x y um. If the s p, 500 drops look for u v x y to spike all right amc, looking good good good, we're at that breakout level. Look at this look at this for all the people who don't like technicals.

Let me just say nana! This is exactly like this is how good technicals are. I call out 41.85, we hit 41.87, you got ta, know technicals, you can't trade and not know technicals, there's just it's just it's too good. It's too useful. There's too many people involved in it who are watching the levels and then it becomes a self-fulfilling prophecy all right.

What do we have here? All right, amc, amc, let's see if it it runs up. Technical is hot.

22 thoughts on “Ep 112 apenstein: the monster of the market dumb money w/ matt”
  1. Avataaar/Circle Created with python_avatars Kimberly Sauly says:

    The Best trader with the best strategies and Indicator ever!
    Good job to Scott Huffman, he’s an excellent trader

  2. Avataaar/Circle Created with python_avatars Muhammad Rakhshan says:

    Sir I just cannot tell you how much I admire your trading style. So simple yet so elegant. Always keeping risk management at the top. Have been trading with Scott Huffman for 8 months and yet no losses, when you’re good you’re good! God bless you sir ❀️

  3. Avataaar/Circle Created with python_avatars Rodrigo Marquez says:

    <<Nice Video….We may either see a reversal and start declining or we may experience a further pump for a while.I'd say outrightly that the space is unpredictable so we shouldn't allow the dynamism of the space tell when to make profit off the market as I have been able to make more than 13 b tc in just September alone.I didn't do that from buying the dip and hodling but implementing trades with the sig nals provided by Greg Habstritt Loper .The mar ket has seen worse situations than currently,so inorder to be able to ride with the wave our assets must be backed up with a medium that would enable us not feel the fall in price at beairsh moments.I'd suggest trad ing as it is less affected by the unpredictable nature of the market.i left his contacts in the comment below take care!!!!

  4. Avataaar/Circle Created with python_avatars Treasured says:

    Trump! DWAC!

  5. Avataaar/Circle Created with python_avatars Bo Sun says:

    So, why isn’t the buy button turned off for DWAC?! I bet it would be off if it’s AMC or GME.

  6. Avataaar/Circle Created with python_avatars TippLite40 says:

    That 1st song is PRICELESS !!!

  7. Avataaar/Circle Created with python_avatars Ebube Jesus says:

    DWAC has been printing money since morning πŸ’°πŸ’°πŸ’°

  8. Avataaar/Circle Created with python_avatars Kane Badmus says:

    These thumbnails are hilarious

  9. Avataaar/Circle Created with python_avatars Calle6 Casa88 says:

    Sorry I sold my Tesla to purchase AMC.

  10. Avataaar/Circle Created with python_avatars Marc Goncalves says:

    Awesome jam my fella ape!

  11. Avataaar/Circle Created with python_avatars ApplyingPressure 423 says:

    Bro the thumbnails are nothing short of genius!

  12. Avataaar/Circle Created with python_avatars Sean Hawk says:

    I just put in a request to transfer my AMC shares from Webull to Fidelity. Webull suspended my trading minutes afterwards. Is this normal?? Please help

  13. Avataaar/Circle Created with python_avatars Jeff Trotter says:

    Ain't shit on the moon ? But dust and rocks.

  14. Avataaar/Circle Created with python_avatars Rani Wazenegger says:

    Appreciate all you do! You’re the best! Hope you become a Gorillianaire!

  15. Avataaar/Circle Created with python_avatars Rani Wazenegger says:

    Love this song! I look forward to watching your show everyday..! Never miss an episode.

  16. Avataaar/Circle Created with python_avatars Rani Wazenegger says:

    AMC to the Moon!

  17. Avataaar/Circle Created with python_avatars 𝐖atzapmeβž•βžŠβžŽβ“Ώβž’βžβž‹βžβžŽβž‘βžβž says:

    My life totally changed since I started with $7000 and I now make $17500 every 14 days

  18. Avataaar/Circle Created with python_avatars Linda chee says:

    <<<Learn not to sell in a panic when everything goes down and not to buy in euphoria when everything goes up. I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses. The market is very unstable and you can not tell if it 's going bearish or bullish.While myself and others are trad! N without fear of making a loss others are being patient for the price to skyrocket. It all depends on the pattern you follow. I was able to make 16.5BTC from 2.4 BTC in just August from implementing trades with tips and info from Dan kris

  19. Avataaar/Circle Created with python_avatars Kevin Frazer says:

    I want to be a gorillianare

  20. Avataaar/Circle Created with python_avatars Jim Abell Abell says:

    To the moon

  21. Avataaar/Circle Created with python_avatars Valiant 9 says:

    Next time don't use Democrat Dominion computers to run your poll.. πŸ˜…

  22. Avataaar/Circle Created with python_avatars C Y says:

    We are in complete chaos

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