Crypto Flat & Stocks Stall
AMC, GME, LCID, TSLA, BTC, ETH, SOL & SHIB
Dumb Money w/ Matt Ep. 174
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RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
DISCLOSURE:
I have a beneficial long position in the shares of AMC & GME either through stock ownership, options, or other derivatives.
Video Topics:
amc stock, amc short squeeze, amc stock prediction, amc squeeze, amc price prediction, amc stock today, amc trey trades, gme stock, gme live, gme short squeeze, gamestop, gamestop stock, sprt stock, matt kohrs, matt kohrs amc, matt kohrs live stream, matt kors, matt khors, stocks, live stream, trading live , rading live stream, ape nation, bitcoin, ethereum, cardano, doge, dogecoin, treys trades, investing, trading, finance
AMC, GME, LCID, TSLA, BTC, ETH, SOL & SHIB
Dumb Money w/ Matt Ep. 174
Want better Stock trading?
πππ FREE Stock, No PFOF, NO Market Makers: https://public.com/MattKohrs
FREE Crypto ($10 on Coinbase): https://bit.ly/CoinbaseKohrs
FREE $25 on Voyager (Referral Code MATT21): https://bit.ly/VoyagerKohrs
π¦π¦π¦ New Rumble Channel: https://rumble.com/c/MattKohrs
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π¦π¦π¦ Noom (Free Evaluation & 7 day trial): http://noom.com/mattkohrs
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πππ Emoji Charting: http://bit.ly/TradingViewChartingSoftware
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πππ Discord: https://www.patreon.com/MattKohrs
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πOrtex (7-day Trial): http://bit.ly/Ortex
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Safely Store Your Crypto: http://bit.ly/KohrsNanoX
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πPit Bull: https://amzn.to/2Ndk4kV
Video As A Podcast:
π§ Apple: https://podcasts.apple.com/us/podcast/moon-money/id1550699494
π§ Spotify: https://open.spotify.com/show/6kdJCHY0VMqLzIxwCHU59A
#DumbMoney #ApeNation #MoonGang
Please be sure to LIKE, SUBSCRIBE, and turn on them NOTIFICATIONS.
Let me know in the comments if there is anything I can improve on moving forward.
Thanks for Watching!
RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
DISCLOSURE:
I have a beneficial long position in the shares of AMC & GME either through stock ownership, options, or other derivatives.
Video Topics:
amc stock, amc short squeeze, amc stock prediction, amc squeeze, amc price prediction, amc stock today, amc trey trades, gme stock, gme live, gme short squeeze, gamestop, gamestop stock, sprt stock, matt kohrs, matt kohrs amc, matt kohrs live stream, matt kors, matt khors, stocks, live stream, trading live , rading live stream, ape nation, bitcoin, ethereum, cardano, doge, dogecoin, treys trades, investing, trading, finance
Be me folks, folks, folks, folks, folks, moon gang. I hope everyone was able to hopefully avoid the markets for the midday afternoon, because it's a little bit of a bloodbath um everything on my chart over here: red red, red, red, red red, it's a sea of red. What is this? What's green apple, apples up by 0.35? Everything else is in the red red red. Oh man, it is it's painful, it's painful! It's painful, it's painful, but hey! These are the days we had three nice days of green, green, green, green, green, green, and i guess this is just where we're at right.
Now it is part of the game. Hopefully you balanced out some of your portfolio. Maybe maybe i saw some people on twitter talking about some unusual whales based spy puts so maybe you made some money on that, but amc and jimmy looking pretty similar similar to the kind of many equities across the entire market of things in the red dude constitution. Dao is skyrocketing, i don't know um so with that protocol.
What is the the the coin? I i would have to look that up um to see what coin that is with constitution. Dow um. That's pretty awesome, though i still like constitution down and everything that they've been doing, hey actually as we're kicking off the stream we're getting a little bit of a bounce right now, a little bit of green across the board. We'll take that i'm curious how many of you are.
Did i sell my nvidia contract? No three. It came very close to my wrist point. My price risk point, but it ended up bouncing right off of it. So i'm very much hoping that the coin that i flipped earlier today was my savings.
Grace, let's see how this all plays out, but i'm curious how many of you are actually involved in constitution dial. I track the story. I have no involvement in it at all, but i'm just curious out of a couple thousand people that are in here um how many of you are like yeah? No, i i like it, i'm in it. Let's, let's rock this thing, what else do we have bitcoin going down? Yeah? It is a little bit right now it's been heavy heavy heavy heavy.
We have like actually a lot of cryptos taking on a bit a small dip right. Now, let's be a little bit, i guess realistic relative to what's going on and everything and yeah bitcoin coming off of 57 off to 47.5 ethereum coughing coming off of 4400 to 4100, we have a loop ring going off at 2 and 50 cents, actually showing some Green there and looping, and we have avalanche coming out from 95 down to 84 right now, 84.85, so everything's red the overall market is red. Probably your most favorite individual equities are read good chance of it and then a lot of crypto is read. It's a red day, you're gon na have these in the market.
You're gon na have other days that things are everything's green across the board. Red may be due to evergren's default. I don't think so at all um evergrand that situation is definitely maintained. Uh the debt holders related to evergrand it it's at first.
It was very worrisome to everything, but yes, evergreens defaulted, but we knew they were gon na default for about the past 36 hours. That was like pretty much written in stone, and yet still yesterday, we had a green day. If i, what i think is going on right now for the overall markets is it it ran into it ran for three days like it's. We don't have to come up with some amazing explanation: it was a green day, a green day and green day. We ran into resistance and it's barely red right now same with the q's green day green day green day i mean, if you rewind, to december 7th that was the best day the nasdaq 100 had since march of this year, and then it ran into resistance at 400 and now it's taking a breather off of it russell 2000 green day green day green day, taking a breather going for the gap bill at 2 20.. I don't think we have to like, i think sometimes occam's razor is right here. The simplest answer is probably the right one. It's just.
We had three green days a con considerable percentage move across many many things and now we're just taking a realistic health check. I don't think we i'm not really seeing the evidence of evergreen's situation permeating throughout the entire equities market and the entire crypto market doesn't make the most sense to me a lot, especially bitcoin, but a lot of crypto's been kind of just flat recently and now it's Just kind of giving up as the market is somewhat dragging it down. Um, that's my opinion on all of this. I just i really don't buy that evergrand is dragging at all um.
I think this is this. Is reality you're not going to have every day of being some absurd green day back to back to back, we had three green days in a row and if a green day versus a red day is like roughly a 50 chance so for day. Four, that's one divided by two to the power of four. So all of a sudden we're going 50 cent 25 chance, 12.5 percent chance to a 6.25 chance.
That was the chance if all prices are normally distributed of today being across the board green, it was a 6.25 chance, so i think sometimes we just have to be like a little bit more realistic, and this is a good thing in terms of like having your Mindset right because then, hopefully you're not having that absurd, negative emotional response to understand that like to have three green days in a row like and three days ago, that was like a very good one to have three green days in a row. That's not the most normal thing so, like i don't know, i don't think we should be like absurdly surprised that day. Four is not also a green day, um not at all. So with it.
Let's just figure out. What's going on the way that red days don't last forever a streak of red days, don't last forever a streak of green days, don't last forever uh, calm cool collected have your training plan. This is why i try to continually preach. What is your plan? You don't want to be caught like a deer in the headlights, not knowing what to go on when you have circumstances like this, when it's going up or when it's going sideways and everyone's just bored um, everyone should have a plan, everyone. Everyone should have a plan. Uh, what's going on atomic jack uh three green days equals a five percent rise and one day equals minus ten percent uh, i'm not sure what equity you're referring to. So i don't know how to check even that kevin three green days equals up five percent and i yeah - i don't know what equity you're just giving me percentages, but i don't know the equity. My problem is that three green days were up one to two percent, but the single red day is 10 to 20, but once again like which one are you referring to like right there, that just sounds um like and what equity are you checking in on? I mean that's not true for the overall market in the past three days, the s p 500 has gone or minus one off of that from the close to the open up 3.55 and then, in the past day, we're currently down 0.5 in general.
Like you, you can't generalize it like that, because these are the actual numbers right here. The qs went up, 4.3 percent came down 1.3 and then the russell ended up going up how much 5 and then ended up coming down 1.92 so that, like that's the overall market overall, i think his preferred yeah. So that's if your portfolio roughly has exposure to the overall market like you're still going to be in the green um. Even amc d still is like net green you're up 15 down eight, so it doesn't even hold true for amc.
What about gme gme is a bit different because of the earnings like gme is clearly down because it it's getting hit pretty hard off the earnings announcement. So this is um, i would say, a different driver because we have abnormal volume today of people. I guess paper handing out of gme, but yes, the market is under pressure and i'm not trying to say to like completely ignore it. But i'm saying sometimes that's important of why we say when in doubt zoom out, you have to look at the overall picture of.
What's going on, do you mind checking cd tx unusual oils for gen jan 22 options data? It doesn't really work like that. Eric, like i can't partic like i don't think i could select a particular date. I mean i could look it up and just show you. What's going on, but i don't know of a way yeah, so it's bullish premium for sure, but not crazy stuff going on.
I don't think i could pick particularly jan 22 on this one. I don't know if it like kind of works in that mechanism, but bullish today. Can you give your thoughts, support vortex data on lgvn? We talked about it this morning, but wow it's been read after, like everything else uh. My thoughts on are like i said: if it gets that price action that breakout, i think it can really get cooking, but that's you need to see that first i wouldn't arbitrarily get in before.
I see that and i would hope that it can hold the support at 17 and a half that's what i would be checking someone just said: lucid wow, lucid, did get knocked by 15 wow lucid. How much is tesla down tesla's down by five rivien's down by six apple? Now just went from green to red nvidia's down by four everything's red um olympus, dow update. You know i have an update for you hang on. I could tell you exactly how my olympus dow is going hang on one. Second, let me just bring up the numbers i was trying to figure out like i was going through ether, skin and phantoms and avalanches. What's that snowfall or snow scanner, or whatever it is um? Let me double check this for you on thus far a day and a half involved with olympus dow and i am down. I am down a hundred dollars, which is also equivalent to five percent. I'm down a hundred dollars which is equivalent to five percent, so about 36 hours involved in olympus dow, and i am down on it unfortunately, but uh.
I guess that's just that's just part of the game. That's just how life goes sometimes, but when i was thinking more about it, it takes time like this. Isn't one of those like one day get rich type of things like you're supposed to be in it and staking it for a while um. So i i don't know if i like really expected anything this early on i mean, obviously i would like to go up, but when it's fighting the headwinds of the equities market and the crypto market, it's down five percent - i don't know, i guess it.
It could be better, it could be, worse could be better, could be worse, um out of the other ones. I did, and i'm gon na make a video on these like individually and how to set it up overall, i am currently down across all of them. I did four separate ones actually yeah four separate ones: i'm currently down 240 dollars overall um, two hundred forty dollars, so that would roughly be what uh i'm down two percent so for being involved in these dows. My first one day update for all of you.
My first 36 hour update for all of you, is down two percent um. It is what it is. Let's see how this all plays out. What it is is i'm down out of on four of them, i'm down on three and i'm very much up on one.
So the one i'm up on is kind of like undoing all the losses from the first three, which is, i don't know, i i think, if you're doing this, you have to be prepared to be in it for like half a month or a full month like I i don't think being this quick is really how this game is good. I don't know, i don't think it's supposed to be that quick, what's up mark what caused the sell-off today um, i think it's actually just a uh, a correction off of the previous three days that we had hey matt. What do you think is the best single source for stock news in order to stay up to date with potential negative catalyst, fed rates, coven um, a single one. I mean if you're following the right accounts uh twitter, but in terms of like aggregated news, i love benzingo. This is so so nice i put in all the tickers that i care about and anything that's tagged with these stories and if you put in the spy, iwm and q's you're going to get all the government stuff as well um. This is good stuff see right here. U.S indices are trading lower as stocks pull back following the strength in recent sessions fed says: hassle. Debt grew to 6.2 percent annualized rate in q3 versus 7.8 percent in q2 uh.
What other overall market ones? 10, us senate republicans vote in favor of advancing debt limit procedure, bolstering chances of passage. So that's some actual good news. There legislation creating fast track to raise u.s debt limit, wins enough votes to in senate to pass so there we go some positive news: there senate votes, uh 64 64-36 to clear way for the passage of bill, sending fast-track procedure for a debt limit increase. What else do we have? Do people really consult horoscopes for buying stocks? You might be surprised.
Well, that's now, i'm intrigued. Now, i'm intrigued. I think we should all some of us flip coins on a stream. Others of us consult our horoscope uh various things that are going to be going on there all right man.
This market is red, not fun, not fun, not fun. What what's green, i guess apple's been fighting green, it's kind of at its own thing. There um! Oh, i did want to care like uh share this quick little story with you that i found to be interesting. Jp morgan offers hedge funds a way to dodge meme stock shocks.
Around 30 institutional clients are testing the screening tool. Retail investors have increasing sway in stock markets. Jpmorgan chasing co is testing a new research product to guard big ticket clients from losses linked to the meme stock phenomenon that has cap captivated wall street this year. The screening tool is a data set on u.s retail investor trends sold to institutional clients.
It provides predicted retail flows, significant, buy or sell signals on single socks, negative or positive sentiment based on the bank's internal data and scouring of social media forms such as reddit or twitter. Data shared with clients include the size of retail flows. The most discussed stocks on social media companies that are likely to face a retail squeeze when small investors rush to a stock that hedge funds are betting against. Just a quick definition there you know, out of all this of has have the apes has.
The ape movement has the retail movement. Has the dumb money movement forever changed wall street? Undoubtedly, there's no doubt in my mind that this entire saga has put the entire. I guess history of wall street, on a new trajectory and we're seeing it in many different ways. Such as this of they are literally trying to provide value to their clients, institutional clients, because these clients are potentially so worried about retail traders. Obviously this is a very good article. I'd recommend checking it all out. You can find it on bloomberg. Here's the title, but overall the fact that they're, just like they're they're, worried about it so they're attempting, i guess, for lack of a better word to protect their clients by giving them these options and it's basically just a big social media.
Rundown of what is social media talking about and that's the product that they're selling so really i feel like jp morgan - is probably just hiring some gen z, kids, saying hey uh, what's going on on social media and then they're there like on their phone texting their Friend chewing their bubblegum, like i don't know, they're talking about amc today that goes in the report. Some guy who's been there for, like three decades he's like okay, we'll have to put this in the report, but overall it's an interesting social sentiment breakdown and we're seeing more things like that. Like even on our side, we have things um. What was it like? Swaggy stocks and then people are on like stock twit and finn to it, and you can see the trending ones of what are people talking about.
That's obviously valuable data, because when all retail decides to get on one side of the bet coming together, that actually represents. Probably one of the world's biggest hedge funds, if all retail is betting in a similar manner. Hence why you're seeing jp make moves like this overall? I just wanted to share that with you. I thought it was kind of a interesting story.
Definitely i don't know. I found it particularly intriguing to kind of see what they are all up to not up to they just watched matt's stream. Oh that's funny. I like it uh, isn't that more advantageous to meme socks, since they pour money in for a quick buck.
Well, they could use it, however, they want if they wan na, maybe they're shorting something and they get scared and they can cover or if they wan na, join in with retail, i mean, obviously, they can utilize the data. However, they want it's just more of for them to know it, and i don't know if they would i'm sure some of the clients would bet with you other the clients would bet against you and other the clients would use that as data of oh we're, just Not going to touch these stocks because we don't have models that, like accurately represent them, so i think you would see it being used in all three ways with against and also completely avoid unicorn ripping through the uk work from home monday top soccer game called off Tonight, at as eight first choice players tested - oh positive hotel, tight shout out chris, so maybe some new fierce resurfacing related to the rhona, hey matt. What do you think the best okay? We did over that. That's a great question: arielle uh! What else do we have gen z, that mac kiss thick shout out shout out shout out shout out shout out shout out um, oh okay, you know what i want to do with all of you, as these things are kind of scary, red, scary, scary, red. I don't know what's happening there like you know one. Second, let me just double check something. Let me double check double check, double check. What else do we have? What else do we have? Oh okay? Oh that's, actually, not really much of anything not much of anything.
Unfortunately, okay moving on, let me actually get some water. Let me clear this. This is these days are just not fun, they're red everyone's in a bad mood, eight videos to save the market. We could do that.
We could do some eight videos, but let me do my quick teaching session with all of you all right, all right, all right, all right, um, let's pull up the spy here, all right! Welcome back to teaching technicals with me, the dumbest of them all. Mr teacher, professor mateo, and today we will be talking about on balance volume also known as o b v, and i think that's important for a lot of us to know because it is a pretty popular indicator. So, like many of the other ones, we've discussed rsi macd, it's another momentum indicator, but instead of being a lagging indicator, this one's actually considered to be a leading indicator. Um that comes with its own host of pros and cons and i'll discuss that in a minute.
But overall obv on balance volume, a another indicator, momentum indicator. This one is a leading indicator. This one you can find it on trading view. You could probably find it on whatever charting software you're on once again, just click obv and you're going to get this to come up.
You're going to get this line, and your first question might be: what in the world does this line possibly mean? And i don't want anyone to really get bogged down in the magnitude, so a lot of the times. If we're looking at things like rsi you're, going to care about the value where, where in 0 to 100, is it now with obv? You don't really care about this number at all. You care more about the trend of the line. So how is this line calculated for all of my math nerds out there? Well, you arbitrarily start at some point and whatever time frame you're on if you're going to start at zero, your your base value is going to be zero and whatever time frame you're on you look at every bar.
So if the bar is green, if the close is higher than the previous close, you would add the volume. So let's say you have a green bar and there was a hundred thousand shares traded. It would be now plus a hundred thousand. Let's say the very next bar for whatever time frame you're on is another green bar and it's another hundred thousand.
So now it's a hundred thousand plus a hundred thousand two hundred thousand. Now, let's say it's actually a red bar now, in this case now the third close is below the second close, which means you now have a red bar. You would actually subtract that volume. Let's say that that volume is fifty thousand, so you have a hundred thousand plus a hundred thousand minus fifty thousand. So it's always a running total. Whenever you have a green bar, whatever volume is associated with that volume, you add it and if you have a red bar the closest below the previous close, you would subtract it from whatever the running total cumulative value is that's how obv is calculated on balance volume. So now that you have that you kind of see that when it goes up more green bars, you're adding adding adding the volume, when you have the red bars, you are subtracting, subtracting, subtracting the volume what's kind of interesting here is it doesn't take the extreme nature Of the bar into account, so, for example, you can have a little red bar with a massive volume, or you can have a massive red bar with a small volume and you're. Only just changing the volume.
It's not taking into account the range of the bar, and then this leads into a scenario where you can kind of utilize it in in pretty unique ways. So, first of all, i would say that there's two main ways you can really utilize obb. First of all, you can use it for trend confirmation, so, for example, the s p 500 back in september, hit at that point a new all-time high and it sold off. And then we saw kind of a point of okay.
Is the bearish trend over right between october 7th and october 13th? In here, you might be waiting be like okay. Is this a fake out breakout what's going on, but at a certain sense around here on october 15th, when it started to go, you can see that you got a nice trend. Confirmation, not only was it going up, but the volume was in agreement with the actual trend the volume was pouring in and in a certain sense, if you really boil it down, it's telling you that the smart money is also betting on it, the big players, the People with the money who increase the volume balloon the volume when they like a certain trade. As you see the volume go up and up and up that's telling you that the smart money is also betting on it, so you can use it as a trend.
Confirmation. That's the first one. The second one i would really bring up here is when you have a little bit of a disagreement, so you can kind of see it here, the current all-time high on november 22nd. Well, if you compare that to the previous all-time high, when we were there, let me just mark this for you well, as you can see, the volume didn't really increase so similar to whatever it is rsi macd, uh, stochastics, there's so many things where you see this Bearish divergence, so we got a new high, but people weren't as eager to buy it so you're, seeing the decrease in volume there it just it had a hard time struggling now.
This particular example is not the best. The price did go higher, but people were enthusiastic and then eventually we saw the sell-off, but i think i found a better example for you. Let's check out lucid so right here this entire time it was pushing pushing pushing. We have this nice trend, but as it was kind of consolidating - and we saw it, it was trying to get going, but the volume just never was there. It's telling us that the big players, the people who can move markets with the serious money you're seeing a bit of that divergence and once again rsi macd, it's all going to be called bearish divergence when the price goes higher. But whatever that indicator is you're using. Doesn't go higher with that spare convergence? You can actually also see it the other way if something continues to go lower, but once again the obv is not making a new low and i'm you can apply this to whatever time frame you want. I've been using daily candlesticks.
That would just be the flip example of where you have bullish divergence of like okay something's going on here, but the volume there it's starting to dry up and the volume is not dropping as much with the price. So the bears are running out of steam, and maybe you actually have some bulls finally, starting to step in so obv trend, confirmation, and also you can look for a form of bearish or even bullish, divergence both of those would be applicable. In this scenario, this obv unbalanced volume is a leading indicator. Many similar to many of the other indicators we discussed do not use it by itself.
This particular one i would use it in environments. Where is the trend confirmed? Is there about to be a trend reversal? That's where i would use it, but i would also want to pair it up with maybe a lagging indicator to kind of no pun intended balance it out to make sure i'm getting confirmation. So maybe i want to see something in the macd and that i'm like. Okay, i think the trend is confirming, and then i wait for the obv to say: yeah.
Okay, we can confirm this trend. So once again, this is another tool that i like to pair up with other tools and kind of use them all individually as a filter, and if it passes all filters, you might have a very interesting trade or investment in front of you. But overall this is obv on balance volume. Obviously let me know if you have any questions feel free to post them any chance.
You have got into purchasing property on metaverse. If so, do you think you would suggest to purchase on it dark horse? I have not so i have some people who've been like talking to me about it, and people saying you got ta get into it and i think there's clearly opportunity there without a doubt. It's just the question of i. I need to study it more there's.
So many things going on: oh talking about ovobv, look at so you got this trend. Confirmation and granted nvidia didn't make a new low, but look how much the volume changed um. So it was kind of saying that this was actually a weak sell-off here at 305.. The volume was still pretty strong, a notable discrepancy between the price action that came down almost to the same value, but the ovb was considerably higher. So that's a little five minute breakdown for you. There clip it. I missed it. Oh yeah, all these get clipped and put on the coors light.
Just so you know all of them all of them all of them all of them. Oops. Sorry, for that, my apologies, my apologies, my apologies uh. Am i good at derivatives? I guess it depends on what do you mean like good and derivatives? Some people refer to me as the best tesla trader on this side of the mississippi um.
So if you count that as you're like, if you have that accolade, are you good at derivatives? I don't know i'll, let that be up to you. Can you try to talk about being able to play both sides of the market super unhealthy to bet on to only bet on upswings um? I don't know if i would say that's unhealthy, not many people want to bet on downswings you might want. You should be able to identify potential, upswings and downswings, and if you don't want to play it well, you know not to do a trade at that moment. In time - and you just wait for the next opportunity, so only playing upswings - i mean - i know people, there are many individual people.
There are many hedge funds that are long only they don't go short, but you still want to identify situations where it might be good to go short. So you know not to go long basically, but this is why i do technicals literally every day to identify that. That's why i point out bearish divergence, so you can do whatever you want with that information. If you want to go short, if you want to buy, puts great if you are seeing it, and it just tells you to not go long and you just want to wait for the next long signal.
Well, that's that's completely. Fine, hey matt, hope, you're doing well. Thoughts on rumblespack, cfvi um, so i'm a fan of rumble. I'm currently streaming on rumble shout out to the rumble fam um, i'm a fan of it.
I think the way big tech is trending. I think rumble is is here to say i i truly think there's an appetite for a less censored platform, a less censored social media platform, the amount of people that are getting sick and tired of getting censored on whatever platform you can possibly think of the number Is mounting and then that's opening up an opportunity for platforms such as rumble? Now i haven't read the prospectus i haven't read like what's going on, i haven't read, like i, don't know their number and their revenue and all that i'm just saying as a content creator and as a content consumer i'm pretty bullish on rumble, i would have to Look into the specific numbers, but that's i need to look into it: okay, an achr. What is achr achr, archer aviation. I believe this is the one where they have like kind of those like mini single, vertical takeoff and landing kind of like helicopters, but not really. It sold sold sold, but now it's finally showing strength. You got that break above seven dollars, i would say: maybe the next stop is 770. 7.77. I'm just targeting this support resistance and seeing what it does there.
But i kind of like this cup and handle scenario: can i look at ar dx ar dx also looking good, so this is biotech play i'd, be interested in what they are aren't doing. Obviously they got absolutely hammered in july. Something had to happen there. Maybe they didn't get fda approval.
Maybe a test went bad for them. Maybe they got sued lost a drug. I don't know what it was. You're gon na want to look that up before ever buying this um, but as of now i mean you're basing off of 130 and i'd like to break out of 150.
Maybe you could go up to 190 with your risk at 130.. The one thing i do want to say about obvi that i should have said in the whole obv talk that it escaped my mind is sometimes when you have a fundamental event. You get an overreaction because sometimes fundamental events, you see a massive spike in volume and that can actually distort the obv. That's very, very important.
A little caveat right. There is a fundamental event, a big announcement. You can see an inflow of volume and then because you only care about the volume, not the size, of the like the bar itself, the range from the high to low or the open and closed. You can see a distortion in obv because it has to either add or subtract that value, even if it's just a little red, a little green.
So sometimes with a special influx of volume, it does distort the obv technical indicator. Cntx. Please look at cntx. It looks like it's going to run again.
It might, but i don't like trading stocks that are this new. I it's just not enough support resistance lines for me, if you're in it, i hope you crush it. It had a gap bill today. Um, that's awesome.
I had a nice day up 32. Another therapeutics play you might want to look into what's going on, but it it's not particularly for me, but if it's for you, i still hope you crush it. Uh archer is an electric flight type of vehicle that could fit within a charging network. They actually had a video back in may or april.
So i remember when they first went, live a lot of people were asking about it and i remember like they looked pretty cool like i thought their electric vehicle, their electric flying vehicle, looked pretty cool. You think nvidia will gap back down to 300 um. I don't know about a gap. It might just go to 300, but a gap back down.
That's like when you're asking about a gap. That's the jump between two different time frames like one trading day and the next trading day is most of the time where they occur. So you're asking me if it's gon na, like one day close and then the next day gap even lower. That i mean gaps are like more predictable when they're, when you know, there's an announcement. For example, like gamestop's earnings announcement at first created a gap um. So that's where i like, i'm like oh okay, gasps, but even there like is going to gap up or down. Well, it depends if the news was bullish or bearish, but an arbitrary day like this, i don't know, maybe there's going to be an announcement. Maybe there's not going to be announcement.
I think that would be very difficult to predict very difficult to predict all right. I think we are up to date there all right, uh, you got ta have lives with me kevin. Oh i've done some content with me. Kevin um.
I like me kevin for buds. I would definitely do some lives with them, but we we've already done some. I don't know, i think, we've done like four pieces of content together all right. What else do we have um? Do you want the amc or text? Please yeah, but this is not.
Was it shorted today yeah, but there was also a net return today. The short interest actually slightly dropped 19. Today's result, stocks can go down without shorting and i think a lot of you probably already know that, but to some of the newer people in here i don't want you to think that it's shorting that pushes a stock down shorting can push a stock down. But it's not the only thing really shorting is the type of selling and selling is what pushes the stock down selling an over aggression in selling, when sellers are more aggressive than buyers, the price goes down when buyers are more aggressive than sellers price goes up, price Is nothing more than the equilibrium between supply and demand buyers whenever you buy, there is a seller.
Whenever you sell, there is a buyer: all buyers have sellers, all sellers have buyer there's always a one-to-one matching what's different and how a price changes is based on what price are the s? The willing parties, the buyer and the seller agreeing on? Are they agreeing on a higher and higher price, as in the buyers, are aggressive or are they agreeing on a lower and lower price? As the sellers are aggressive, there are various types of selling you could you could be buying and or selling to create a position? You could be buying and or selling to get out of a position you could play it either way, but really what it is at its most inherent supply demand level is supply. Demand the equilibrium between the two is exactly the price of an asset of a crypto of an option of a future. Whatever paintings. That's all it is prices.
Everything in this world is supply and demand everything in the entire world. Anything that's involved in a market, that's where prices uh. What do you think about an amc gap around 1670-177 on the daily candles, between the first and second of june, first and second of june uh over here yeah? This is a gap and like similar to a gap that we had from oh wait that gap's already filled like this was actually already filled on july 15th. So once it's filled, the gap-fill play is like kind of over so uh. I think there's still is there a gap above us, no, not right now um, but i guess i have no special thoughts about it because the gap is already filled like once. It's filled that the gap fill play's kind of over thoughts on ac tv c v. T sorry, a c v t: do you mean a c t v, a c something something something something yeah? I think leaders, sharers activists, leaders and investment. I don't know what this one's tracking its chart is.
Super funky, though shoots up flatline shoots up now: training normally but kind of ryan. If this is what you mean, a leadership shares activist leaders, i don't even really know what this is tracking someone said lucid, looks like a snack, lucid um. The dip buy opportunity on lucid is closer to 34.. It might not get there.
Obviously, there is also some port at 36 but 34 and then again at 28, avtc avtc nope avct we're seeing lots of options um. This is just like a random runner. On the day, up 85 with a super ugly chart, if you're not already in it, i wouldn't chase it. This.
This, like just reminds me of random penny stock days like when you're just chasing runners, and i i don't think that's like a winning methodology for the stock market, the gap at 17. and it's hanging on i'm trying to wait dennis. Did you? Oh okay, the first person who said it was lisa amc, amc the gap at 17, 17. 17..
Oh okay, you mean this one, so that yeah this is a different time frame. So, yes, this was again hang on. Let me try to hide this there. This is a gap, so, basically, from one day to the next day, there's no body or wick overlap.
So here is the gap from the high of june 1st to the low of june 2nd. There is then another gap. Is there technically a gap right here? What is the size 1667 and then the low is 1726., so between may 25th and 26th. Yes, that this like is defined as a as a gap.
That is a gap um it's basically, the high of one day does not in any way like numerically overlap with the low of the other day, so either the first day low, with the next day high or the first day high, with the next day low. When there's no numerical overlap that creates a gap, you can see gaps on whatever time frame gaps are most commonly seen on the daily time frame, just because it involves the market closing and opening back up, but it doesn't necessarily have to be in that time frame. Um this gap. Yes, i'm confirming it is a gap, and i still believe that just talking about all markets, yes, eventually, gaps are filled, but with it there's no rule of time it could be filled the next day, the next week, the next month, the next year.
The next decade it just there is a statistical advantage to playing a gap fill for sure, but they don't have to be filled in like there's, not a time like. I guess with that of, like you can break that down of, like gaps are filled. Most of the gaps on the s p 500 are filled like in time, whatever those stats like are available, but i'm not aware of those particular stats for amc. Some twitchers are asking when we will get to see the new weibo 3.0 vanguard edition. We can make that happen, twitch fam. We could definitely make that happen. We can definitely make that happen. Balloon tower defense, i'm not gon na lie.
Sometimes i still play it just to relax and unwind myself. Shout me maker shout out the red guy. What's going on, i migrated to rumble after youtube fell over too often rumble's great shout out ace shout out ace. Oh i'm gon na ask if one person can come over to rumble just one, because right now we have 68 watching on rumble, so sort it amongst yourselves, but we do need one person who is willing to hop over to rumble at this moment in time.
Um. Okay, there we go we're good we're at 69, so whoever did it. We appreciate it, but we don't need anyone else right now, you're good, but out of all the people on rumble, no one's allowed to leave we're good, we're good, we're good leave it there. No one join, no one leave we're good.
We got the number. I appreciate it very kind of all of you all right, so we took care of that. We took care of exactly what we need to take care of uh titan apecoin is giving usd to all apes mark thoughts on a r r as a dividend play um. I don't know what ar r's dividend is off of the top of my head.
What is this a? Oh, it's a re, so yeah reits usually have pretty good ones um. It's actually kind of had some resistance right now. I wonder if this is going to get going its technicals, i find a little bit concerning and lower highs, lower lows. I wonder if it's going to finally bounce off of this would love to see it get above 1060.
But i don't know it's dividend percentage um, i'm not saying it's good or bad, but just so you know like the ones i do know about, i'm pretty biased towards microsoft and microsoft's dividend. Microsoft, in my opinion, is a great growth stock. It has a pretty solid dividend, not the best, but not the worst. Microsoft is a stock.
If someone's listening right now and you're they're like bro matt, i need a stock that i can buy and just freaking forget about and just come back in like a decade or two um. I have many of those, but i think microsoft's a very good one. What do you think on sheb good to get in or no i'm in sheep? Do i think it's the best opportunity in the entire market? No, definitely not. It comes with an extreme amount of risk, but also high risk has high reward.
So it's really how you're defining good i mean good to you might not be good to someone else. We have different risk profiles. Some people like money that is as close to guaranteed as possible. So that's typically a smaller payout and other people are more than happy to yolo and they're. Like hey, i don't care if i lose it, but if i hit i want to hit big um. So it's there's no, like cohesive definition of good. Do i need to have this whoa we're going mobile, we're breaking the show international mr worldwide? Oh look at that. Look at that.
Oh this is nice, i'm so mobile. Now, i'm freeing! Why have i been doing this for 12 months and i just realized that i could be mobile now, that's amazing. It took it took me, 12 months 11 months to figure this out, and here we are as mobile as could be. Uh matt answered justin's question.
What's justin's question, i would love to answer it. What do i think about the possible head and shoulders on btc weekly, btc, weekly, btc, weekly uh? I don't see a head and shoulders. We would have to see a whole nother shoulder. First, i see a shoulder.
I see a head, but i i don't even see the start like it seems like we're still forming the head so like we would have to see a whole another shoulder. I guess for me to fairly commentate on that mobile mat has some serious potential. He never answered my question and i paid jb well also just folks, i'm not like a like. I still have some like options here.
Folks, like everyone understands that, but jb i would love to answer. I just don't see it. Oh here can jimmy amc still moon. If and when the market crashes yes, could it for sure, are the odds of that good? In my opinion? No, no! No! No, i think if the market goes down, you're gon na see some of the whales who are in amc and gme getting out of amc and gme, and i think that could cause some problems now.
It depends: are those whales lending their shares out and then they're gon na do a share like they're gon na get their broker to recall it forcing shorts to cover. That's also a possibility. It comes down to the whales and are they or aren't they loaning it? It's going to become a messy scenario. In my humble opinion, i think a market sell-off would be damaging to amc and jimi, and my reasoning, for that is, amc and gme are somewhat related and amc seems to be pegged to the russell 2000 um.
A lot of the intraday movement is matching up between amc and gme or excuse me, amc and iwm the russell 2000. So i don't see why it would track it, but then, all of a sudden, if it's a mega sol off start to do the opposite. The one caveat in which i see it would be if whales decide to get out and first they recall their shares and then the shorts have to cover. But then it comes down to how many were loaned out, because in this scenario, they're going to be recalling the legal, legitimate ones and then you're just talking about the short interest that we actually know about.
So it becomes a whole complex scenario. But i think the odds of a sell-off leading to a moas are slim, i'm not gon na, say they're none but they're slim all right. We did that. We talked about lgbn.
We did that time to buy broski. Merry christmas shout out cody, oh only one who gets excited on red days. I love this lower price. My favorite stocking company with the brightest feature, gamestop buy hold repeat, shout out l4 custom fabrication jb. Thank you. Space ducks to the moon happy to jb. That's a good question. No, this is like legitimately a good question.
Do you like linux operating systems? I think linux operating systems are more secure than windows uh. They probably are, but that doesn't mean i like like them. I think sometimes they're, like a pain in the ass to use matt. Honestly, you think the whole thing is going to work out um.
It depends on how you consider it to work out. I folks anyone that tells you amc or jimmy's going to do this. They are lying to your face. I don't know what amc is jamie's going to do.
Do i i put my money in it like i'm, not putting my money in place that i think are going to lose. So if you define that as working out um, i don't know future still has to play itself out. Do i think it's going to work out if you're defining it, as are the apes going to be successful in fixing certain aspects of the market? Yes, i do. I think our voice is too loud.
I think we have too much traction for this to just go away. I think the calendar year of 2022 you're going to see a lot of regulations that are kind of rewritten that get rid of some of the loopholes and things that the big wall street elites take advantage of and, to me, that's like that's, i guess what i'm Particularly passionate about um, if you're in amc and gme exclusively for the hope of money. Okay, like i, i don't think, there's anything wrong with that, and i want you to be successful almost at a certain sense in a selfish way, because that also means that i make money and yeah. That's why you're involved in the market is to make money, but then i feel like that certain subgroup of people also act as you.
If you can't do any other things um, if you're, if you don't care about market manipulation, if that's like not the hill you're fighting or the battle you're fighting the hill you're gon na die on, if you're here to exclusively make money, okay, amc and jimmy yeah. I think you can make money, but i also think you can make money in many aspects of the market right now. What's unique to me about amc and gme is not only the opportunity to make money, but symbolically what they seem to represent um and that's a whole other thing, because i don't think a particular equity should be representing the fight for market fairness. I think, if you're an ape you're fighting for market fairness and if you happen to care about amc and jimmy okay, that's also cool but um.
I i guess i don't know as this is going on and my eyes are being open and i'm starting to comprehend. Some of the things that are truly happening in, like the back rooms and in wall street, the quote-unquote back rooms - um, that's what i'm passionate about. Do i want to make money along the way. Of course i want to make money - i'm not some mother, teresa figure who doesn't care about money. Yeah. I want money, i want to buy cheeses, i want to buy sangria. I want to buy a new corolla yeah. I want all that stuff.
So i'm not saying that um, i'm somehow against money with this massive, like anti-financial, altruistic view. No, i want to make money, but i also want to highlight to as many people as i can, the that happens in the market day in and day out, and hopefully we can actually get some sort of cohesive voice together and like use a megaphone and get That in front of the right regulators and politicians, can you explain obv between price, between price and volume on gogo? So basically, what this is saying is there was a massive amount of volume on this day, so you had to add it to the total volume and then, if you have a little bit of a red day, you have to subtract that volume, but so right here These moves are in the fact that it's not going anywhere. This tells you that they're super super low volume moves like all of these, like ever since october, low volume, it's barely going up, it's barely going down because there's not much volume associated with these training days, and then this is also a good example of how one Crazy day can really distort obv uh. Did you increase your avax position today? I did not increase it.
Uh i just bought yesterday, so i'm gon na be a little bit more patient, but i like avid i like avalanche, actually quite a bit um i bought some. I actually bought a decent amount and then i used some of it to start doing these other crypto things that have been lightly. Alluding to someone just said holy, lucid, whoa loose is getting crushed holy guacamole, batman, uh, matt coors, you think citadel is using those chinese bonds against us and with evergrand defaults they won't have ammo against us. Is this theory possible? No, because one that's two different entities.
The bonds involved with the bonds would be citadel the hedge fund and with us we're commonly referring to citadel the market maker. So i don't think there would be like in overlap really there in terms of like their capital to quote-unquote use against us um. I think you're talking about two distinct books, uh, what if uh matt? If i was long on lucid like months, should i have a have an exit plan if i plan to hold for the long term, if you're holding for the long term, that kind of is your exit plan, you're planning on holding most likely for multiple years. So for you, it's probably easy to buy and literally forget, hey matt.
Have you seen the reddit thread saying 43 of retail shares are held on weeble? I have it that's kind of interesting to me: 43 wow um. I can't confirm or deny that, but if that's true that's kind of nuts and it's a good reason to get your butt over to public, it's pinned to the top of chat. It's for u.s residents, um free to sign up you get up to 70 70 in free stock. When you do sign up it's not an options platform, it's a stock platform. Just so you know, but no payment for order flow, no market makers. I think they are incredibly more transparent than weeble robin hood. The whole lot of them ding, ding ding. The casino is closed.
I'm really liking this mobile mic. I feel like i could just so much more mobility, so much more room for activities. The only thing that's limiting me now is like the cord with it, but this is still pretty fun, pretty pretty fun folks, it was a crappy red day, but we also had three super cool green days that we all were reveling in. So this is just a little bit of reality, we're getting smacked in the face by reality.
Right now remember when it comes to the market, we have that saying of stairs up elevator down it stares up, because people typically buy multiple times slowly but surely, and then, when you end up selling people kind of panic and sell all at once, so stairs up. Multiple buys elevator down, and it's also kind of on the note of greed is a less of a degree of an emotional driver than fear. Greed is strong, but typically fear is more strong. So this is probably two of the reasons why we actually have that saying or stairs up elevator down things tend to go up slowly and come down very very quickly.
So i hope maybe that makes some sense to someone listening right now. But yes, today, not the best day, the market down 0.68 percent cues down 1.5 iwm down 2.2 amc down 8.9 gme down 10.3, but, as you can see, it is a sea of red. This is not specific to amc. This is not specific to gme.
It is a clear sea of red. Now you can handle that in multiple ways. Obviously, you could see the red freak out, throw your hands up in the air and call it manipulation and be pissed off or you could sit there take it for what it is. Accept it for reality and understand that you can use this.
Some people's red is other people's green. If you learn how to spot these circumstances, learn how to play puts you can buy, puts you could do a put debit spread. You could do a call credit spread. You could sell calls um, you can have capital on the sidelines and buy the dips it's opportunity.
When i see an entire bloodbath such as this one yeah, some people are going to be pissed off and they're going to go on social media tonight and their one explanation is going to be like manipulation, manipulation, manipulation! Okay, if you do that, do you feel any better? Did that get you anywhere? Did that help you fight said manipulation? Did that help make your account any more green uh? The answer is a resounding no um, so with it you got. We got to be technically accurate when you see manipulation, don't just say, manipulation point it out. Have the resources have the data know what you're talking about beyond that just generically, if you're not here for the battle of manipulation, when you see red like this, that money-making opportunity, whenever you see volatility, whether to the upside or the downside, that means it's a considerable.
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βββOne thing I have learned in recent months it is to remain calm, especially when it comes to investments in cryptocurrencies. 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 24.5BTC from 5.4 BTC in just November from implementing trades with tips and info from Dawes Joe..
I bet Trey's sad because of you!
I know I don't watch you anymore!!
What is the constitution?
The best advice my dad ever gave me was buy low sell high
Are you watching $BBIG?
Another crypto poop today… It will go on into early 22. Dont worry and watch something else than charts for a while