You come from. Oh, oh, come on yeah! Oh, you welcome to power hour for today, tuesday december 28th market, not looking the best right now, also crypto market, not looking the best right now. If you want to know my thoughts on what's going on in the world of crypto, ah man, it's definitely pretty red uh. We just had that in the little crypto stream over there about a half hour long.

But in this one we're going to be talking about uh, quite a few things, we're going to be looking at some chart, setups we're going to be going generally like what we see in the market right now. I obviously want to dive into the news related to amc gme, as reported by bloomberg, so we're gon na be hopping into that, and yes, of course, of course, of course, we will be uh. We're gon na be poking a little bit of fun at all. These uh game stop karen's all these game stop greg's, who are losing their mind right now.

It's days like this that make streaming so much fun, because the people who fancy themselves to be the internet trolls, who, like hey, we're just trolling. This is what we do. Cannot take it if you need to laugh hey if you're having a little bit of a day and you're just like man? What am i doing? I'm telling you all you have to do is go to twitter. All you have to do is go to reddit and you're, going to see a bunch of grown men breaking down, there's nothing more beautiful, there's nothing more beautiful than people who they like, i said, fancy themselves to be the trolls and pushing it out.

But as soon as something like comes across that, like just doesn't compute in their mind and it's uh, i guess they didn't see the writing on the wall. They lose their absolute shit and, like i said it is a beauty to behold all right. Let's switch this over, so we can see what's going on in the market right here, boom boom boom all right. So what you need to know is almost everything is red on here on the right: you're gon na see red red red red, a sea of red.

The only thing i have is green is prague and that's up by four cents, so exclusive of prague. Everything is red, we'll throw up amc and then we'll go over the current short interest on both amc and jimmy. As you can see, amc and jimmy had a good morning, and then it slowly bled off and gamestop is selling off like it. A lot of things are selling off we're, seeing a little bit of reversion right here in the russell, which is obviously fortunate like getting a little bit of a bounce same thing with the spy.

So intraday things are red. But i want to remind you that keep in mind where we are is it: is it feeling a little bit red? Well, yeah, obviously like that's that's what you're seeing on the red over here, but the market did hit a all-time high today in all-time high, as in like the highest value, it's ever been at it hit today. So there's not really a reason to like be panicking and calling for a market crash with today we hit an all-time high, so i think at a certain point, yeah we have to be a little bit. I guess realistic of where things really are in terms of the cues: it hit its second highest value ever so we didn't hit a high, but i guess it's right in tune with november 19th today and then the high is 408.

So looking pretty good iwm a different story, um just you're, going to find out that when it comes to the world of small cap, typically less supported by the government when you have things such as, i don't know a global pandemic. But we do have some bullishness in it um we bounced off of two and nine. It came all the way up to this trend. That's formed from the all-time high and also november 15th, and then we broke about that and today is going to be most likely.

Our third closed outside of it so getting a little bit more confident of this hold and obviously we just want the break of 226 and some change and hopefully the fill all the way up to 228 and some change. Nice gap fill from the low of november 24th, so yeah, is it a little red? It's 0.35 percent down. Q's are 0.5 down and then the spy is point one percent down. So this concept of kong for like market panic, it's just lunacy.

It doesn't make sense. It's not accurate, it's just not a good way to look at it whatsoever and honestly, even gamestop game subs chart on the intraday. Let's bring up the five minute that doesn't look good at all, but it's down point five percent: it's a hundred and fifty dollar stock. That's only down it's not even down a buck, so it's a premium burn day.

This isn't a trend day. It went up and came back down right to where it started. Yes, amc is down a bit more 2.75. At one point it was pretty green on the day it seemed like it was actually pushing 30 came down and right now to close the day out.

Obviously it's power hour. Anything can happen. We still have one at this point, 55 minutes worth of training. Let's just see if it can base like make a pattern of higher lows, and there is always tomorrow to fight but the market.

Today, it's it's. I guess the victim of a lot of things. Is it's a sea of red look at it over on the right. There everything is red; this is absolutely just.

I wouldn't chalk it up to implications of an individual equity. When you see everything read you can't be going around and saying hang on, like, i think, that's almost a little bit too myopic to be focused on this and focus on jimmy and to focus on those singular things. I get the emotional aspect of it, especially if you have a hefty amount of your own money in it, but sometimes this is just the way the market goes. Sometimes the market is all green.

Sometimes the market is all red, and today is one of those days that at first everything was green, especially in pre-market. But then, as the day played out, it went a little bit red. But i just i'm really trying to articulate and like showcase all of you, that it's not that red these are all baby amounts of red uh. Most things are down less than one percent uh amc.

2.72! That's nothing for amc! This thing goes up and down five percent, like it's nothing um. You have lucid and rivian that a little bit more extreme four percent, but tesla it's down point four, and now it's boring. It's just not doing anything. It's sideways, uh apple! You have it down point five point two point: three, a lot of these things are less than one percent they're pretty much at zero.

That's what i'm saying it's exactly a premium burn day. If you are in stocks, you don't care because you're down by that much it's nothing! It's 0.3! Now, if you're in options, that's a different story, your premium is getting eaten alive. Your calls and or your puts um the fact that a whole nother day was burned. That's exactly why it's called premium burn now: okay, the world of crypto's a little bit different.

I mean if you look at crypto here point or six percent five percent: eight percent, six, seven, eleven seven uh crypto being hit a little bit more extreme for sure. A little bit more extreme but as i was articulating and doing my best to really explain why i think this crypto dip you're just sitting. You got to be patient and wait for the buyers to step back in. But i think in the long run, this will represent a buying opportunity right now there is some blood on the battlefield, but i think i think it's very much momentary now so for those of you who are curious, amc's current short interest just below 17 and for Those of you who care about gme, it's just below 14 now.

What i want to talk about is actually some very, very exciting stuff that we see about amc and gme and it was reported by benzingo who is a syndicated news source and they got it from bloomberg. Amc, ceo, adam aaron, reportedly pursuing gamestop partnership through gamesup's nft marketplace platform. So when this news was breaking, i saw this actually, i first saw it on twitter shout out to tmi and i didn't know what the news source was and then a lot of people were saying: hey. We see it coming across on weebles news and i'm not really using weeble.

So then i saw that binzinga had reported it and once again, all of them both both benzinga and weeble. The original new source is bloomberg. Now, there's a couple fun things we can say about this and i don't know, there's a little bit of pep in my step, a little bit of a extra smile on my face because i love this shit. I live for this shit when people are just so comically wrong and then they're freaking out about it.

Oh man, it's so funny for weeks, maybe a month now it's been as clear as day to me that it was such an obvious layup of a play for somehow amc and jimi to officially in a business sense, get intertwined. Why? Wouldn't you, you have two and there's quite a bit of an overlap. Yes, there are people who are gamestop pierce and there are people who are amc, purists um. I think that the amc purists are a little bit more tolerable.

I mean you have these gamestop purists, who they very much have like the pompous. We know best were not wrong: blah blah blah that type of an attitude it's off-putting and if you're off-putting, your community is not going to grow everyone's in reality. Just going to think that you're a dick, but that's why i find this particularly funny, because it's exactly that group, it wasn't even mainstream media in this sense of mainstream media twisting things they even saw that this was an obvious partnership and hey that's because they report On news - and they see partnerships like this literally every single day and they're like you know what, even though, maybe we don't get what's going on, fundamentally with amc and gme, as we think it's overvalued, we clearly see that there would be an advantage for those two That headline amc and jimmy officially partner up media even saw that so the people who didn't want this to happen. In my estimation - and maybe i'm getting this wrong, but this is mine - it's pretty much exclusively these gamestop asshat maxis.

Now, if you identify, as that, oh man, this is this - is this - is the opposite of your birthday here in the moon gang. It's always everyone's birthday all the time, and i just think this is so funny. I think this is so so incredibly funny um. If you like gamestop, that's awesome, if you like it, i'm it i like it, i'm in it.

I'm i'm excited about this marketplace. I i'm, i truly truly am, and that doesn't mean you have to hate on other things. I think most people are reasonable. They're, like hey, i'm, buying this stock and i hope it does well.

I hope i can make myself some money, but um. There are a certain group of people who refer to amc as like exclusively a popcorn stop and they like are just like uh for whatever reason mad about it, and they don't want any partnership. They they think adam aaron doesn't know what he's talking about, and they don't think that ryan cohen should partner with it, which is insane because there's going to be such an insatiable appetite for amc nft. So then, if you somehow have a world where nft's marketplace is the exclusive marketplace where they can be found, like i mean that's a slam.

Dunk like this isn't. This is just saying one and one equals two we're not doing some steven level hawking like math to figure out black holes here like this is like the writing on the wall. It was like brightly lit neon and it was in the middle of the night, and there was nothing else going on like if you just had to read that one sign in pitch black, where this sign was lit up and it was just flashing. It said read me read me and then there was like a big neon signs.

That said, hey amc has nfts. Gme has an nft marketplace in the works. It really didn't take much to go on here. So i just want to.

I guess talk about the fact that i think this is great. If you have involvement in either, i think that's actually a massive benefit. So is this going to happen overnight? No, i think it's going to take time, especially the engineering related to an nft marketplace, which i do think it's going to be built on the backbone of loopering check that out their token is lrc, but anyway it's it's not like one of these things that, like Tomorrow, it's gon na go it's gon na. Take time, give it time like hey.

We've been in this play pretty much for a year. It's gon na take patience for these announcements. Now, once again, let's get into like some of the specifics, reportedly pursuing okay, so that doesn't mean that like yeah, would they have the partnership? This isn't one of those things that, like 100, it's gon na be followed through on. I think they would be silly not to because of the true passion in both of these investor bases.

It would be a missed business opportunity not to so. I think it will happen. I think it might take time, especially because the software engineering related to building this out. That's not something that happens overnight and you could even see that in game stops posting um on their own website for employees like they're, trying to hire a decent amount of people.

Like i've seen at least eight plus employment opportunities related to engineering, nfts, the pr and all that stuff, so it's taking time obviously they're doing what they need to we're. Even seeing additional cool, exciting developments on bloopering side of their improving their own technology, such as their counterfactual wallets, which will be very, very important in the world of nfts, so the things are happening. Maybe it's not going to happen as quickly and as expediently as we wish it would, but it is clearly taking at least some form of baby steps in the right direction. I'm seeing a couple statements here that i want to point out.

How did this all happen? Is it real news? Is it fake news, okay, couple things i need to, i guess get here: yes, we will go over the timeline, but more than that, please understand that loop or bloomberg is much more than bloomberg.com. So, and i i think this is not like blowing anyone's mind. Bloomberg is for more than just this. They have this very fancy.

Schmancy thing, that's very, very expensive, called bloomberg terminal, not everything that happens in bloomberg terminal gets an entire story written about it. What am i talking about here? The fact that this is just amc, ceo, like it's a one sentence thing this tells me that it's just something that came across on bloomberg terminal, there's many uh of these people trying to be like hang on. If i search this right here and honestly, hey like i'm, not like hating on you, because that's exactly what i did i was like. Oh, i wonder if they wrote an entire story on it.

Like i said, the first person who i saw that brought this up at least publicly, that in people that i follow, i'm sure other people brought it up was tmi. He had tweeted it out and then he said it was from bloomberg. First thing i did was go to bloomberg and i searched it. I'm like oh well, that's interesting.

They didn't write an article on it, but me i took i took five seconds and i looked inward and i was like matt. What do you know about this situation? What's going on, there's no way your boy tmi would lie to you there's no way. There is no way on god's green earth. That tmi would lie to you.

It just wouldn't happen. So you know what i did. I asked him link two hours ago. I'm sure there's a timestamp somewhere and then that was a couple minutes or actually he posted it at 12 47 and i was like okay link, because the first thing i did i was like, i can't find it.

So i wonder i just want him before i say it support it. I want to make sure it's true, because that's what a journalist does and then within two minutes i just clicked over here on binzinga and i was like. Oh, it was just a post from bloomberg terminal that that makes sense, which is exactly why i had the follow-up, never mind, found it on binzinga. Now i know that's quite this shakespearean novel for many of us like they're, that whole story of reading a tweet then asking for the link, then realizing you found the source yourself, man that it has everything a shakespeare story would have.

It has like a foundation. It has climax it has revolution. I would not be surprised if cameron is making a movie on this next year, like obviously, if they're trying to get me to play myself, i have a pretty high fee and i have a tough schedule. So it'd probably be post-production.

It probably won't come out until 2023, but that that's a movie right there. That's a inning like it has everything you need in a movie. So from there i was like okay, i found it on binzinga cool awesome. It's there.

I found this source. I trust binsinga. I trust bloomberg. I trust tmi, you have all of them together.

So then i was just like okay. Let me put the exact same thing with a little bit of pettiness involved, uh that i saw on benzynga and now it's blowing up. That's the fun part. What's cool about this potential movie franchise? Is that like it's already writing it versus like the the sequel, the third installment, the fourth installment, the fifth installment? This is just blowing up of what we could do, because what the sequel is going to be involved with is honestly.

The movie will be kind of like you know how in star wars, it starts off, and it just shows like it's. The preamble to the whole movie, like blah blah blah a long time ago and then, like the words, go back we're gon na, be using that - and it's literally just gon na, be these twitter responses of saying this came out in the summer. This isn't real. It's fake news, blah blah blah blah blah like this person, fake news and that they ended here.

They didn't take that couple minutes to look inward and realize that bloomberg is much more than bloomberg. This they have bloomberg terminal. Look at fake news, just no thought! No anything so version two of the movie is gon na, be this uh. I'm particularly excited that one come out so that one, i don't want you to get to that - probably 2024 uh, maybe like mid to late 2024.

You should probably buy your tickets now um. I i'm assuming they're gon na get sold out fast, probably faster than spiderman, no way home um if you're trying to get like tickets for the first movie, those are already gone and like even this stuff, people are kind of pointing out that, like it's coming out, Super early and then they're trying to say um now they're, citing the video i made off of it, but i want to clarify this was all this is new news. This is news that came out after i made the youtube video uh. You could see timestamps, you can see everything.

That's there now. Personally, i find this incredibly exciting, wait who said this like, i know i said this but like where did this even come from? Is it because weeble itself match made in heaven? Oh wow, that's a title. Is it because benzynga is syndicated on weeble, i'm trying to understand? Oh tmi is in the house shout out tmi um, i'm assuming it's because chris right here, this story. 7.

30 p.m. Oh, that's! Another thing! People look at the time. This is. This is one of the funniest things they look at the time.

I don't know why this is so funny. They don't realize that there's different time zones. They think that there's only only one time zone so when they see that things are posted, they don't know that other people are currently in different times it's. So it's so goddamn funny that people are so hell-bent on like fighting and fake news and this shit, where they don't realize that there's other time zones in this world.

Why is that so? Fucking funny like like how tight your goddamn tinfoil hat has to be to not possibly think that there's other times it hurts so good. Oh man, oh man. Ah folks, i can tell you i will be buying popcorn and i'm just gon na be reading. Reading reddit tonight, because they're gon na be making me lose my mind.

Oh you can't make this shit up. This is just too funny. This is like this a very particular subsect of this. Of course you have to get super chats.

Oh, my god, everyone's super chatting after this, like they're, losing their mind. We are seeing a psychological phenomena of an entire group just like going until, and i don't know why something about it. I just feel like i have to be the person, that's like helping them closer and closer to that edge, because, like this mental tilt is it's so i don't know it's so funny to me. Oh, what do we see? There were more than a hundred different versions.

Among the 86 000 spider-man nfts that only amc offered for its mid-december first day, some versions are more rare than others. I am told that those nfts were just resold for 16 900, at least one person is smiling today. Nope there's definitely two of us um yeah. I don't know it's just okay here, maybe okay.

I says i want to teach some stuff on this particular stream uh. What's it whiteboard, like microsoft, we're gon na go to a little college class whiteboard all right, microsoft, wait! What's the name of that like online whiteboard, you can use it's not microsoft. Whiteboard is it online? Is it can i just search online whiteboard, okay, mirror! Is that the name of it time zones are confused? Um puts on mad sanity, microsoft, teens caucasian there's like a hang on real time collaboration. No, i just want something i can draw on there's totally one sketchboard.

Is this sign up? It's free! Oh man. It's just like. Why is this so? I just need paint microsoft, paint, microsoft, paint online. Here we go, this is gon na work.

Everyone listen up. Can i make my paint area bigger? Okay, we're gon na teach some people something okay, so i don't know. I know time zones are getting a little bit confusing, but i'm assuming that twitter is basing mine, so this just came out five minutes ago. So, 86.

000.. Let's start with that, let's start with that. How can i use this all right? I hope you guys can see that and then, let's start drawing some stuff i need to draw. I need to draw n f t's 86 k.

Let me actually all right. You guys can see that. I know i'm a fancy drawer. So let me get the current situation for everyone: n, f t market.

Okay, now we're gon na play a very fun game, a very, very fun game. You know what to get everyone to engage in this game with me. I will be giving another way. Another moon gang pokemon card - this could be yours right here this one, this very particular one.

I know this is going to be a tricky question. So let's say: let's do a business case study all right. Let's say in this world hypothetically: let's have a company called c m: a cma, okay, c m, a all right and we'll have another company e m g. Okay, so you have two different companies right.

You have one company cma, they have nfts, they have 86 000 nfts right and then you have another company emg. That has a marketplace where people can buy and sell and it's particularly tailored to nfts now class. I have one question of for you, there's two and a half thousand of you and i think someone's going to be able to get this, but i know this is advanced business class. In what way would these two possibly have a business dealing with each other um and once again, just to reiterate this case study problem and i know high level business can get difficult.

You have one company that sells nfts, let's say 86 000 of them, and you have another one that has an nft marketplace like a marketplace specific to nfts. Now this could be a true or false, but it's going to be more of an open-ended essay. In what way could these two companies pop possible - and maybe they can't? Maybe this is a trick question and maybe i'm just being that sneaky professor um, but in what way could these two companies possibly work here? Let me just, is it possible? Is it is it? Is it in any way possible? Oh, this is so all right. A follow-up question is: are time zones involve dark pool, nfts time, zone, time, zone time, zone uh, no, no time zones, time zone, interrogative, don't double touch.

Oh, oh, wait! Better idea! Hang on snip it. You know what we're gon na. Do. I'm gon na send these guys freaking wild.

Oh wait! No, i'm not done a artist needs to sign his work, all right. How many assholes do you think we're about to piss off with this one bam file save as nft number, two all right cool desktop! All right, open, c uh create got it uh. What should this be? Business case case study, amc and gme uh collection, yeah. Of course it's part of the course like collection, create, i think, i'm doing it right all right.

We just did it. It is now. It is now an nft, oh man, it's there, we did it. That's called art folks, you just um.

You just saw picasso's process in real time. There's no other way. To put it, there's no other way to put it the people i feel bad for are the people who somehow got linked to this channel from binzinga or weeble's write-up, linking to my video, and then they came into a person who literally just made an nft. I am nfts, i am the market now who's, that guy who sold an nft for um like 69 million or something please tweet, the link.

No i'm not going to half the fun is gon na, be the search for it. Actually, i've even lost it. Now, all right, we don't need that anymore. Yeah it'll be the search for it.

Beeple i'm coming for him. He might be the king of nfts for right now, but i am i'm coming for him. This conservatively will probably go for a low 2 million. I just want to clarify for everyone: um yeah, probably a low 2 mil.

If i really had to guess on a conservative basis, i mean it is right. After the holidays, there is um, there's there's some things to consider. Definitely some strong things to consider about it, but yeah, probably a low low two mil. If i had to really guess all right, speaking of which low two mil what's going on with the market, that whole time zone thing really sorry, it threw me for uh threw me for something: uh screenshot it it's mine now right! No! This is um uh nft that literally well.

I guess you could use it as social posturing like if you're ever trying to get a job um like a business job like if you're applying for harvard business school if you're applying for pen um. This right here will count like for you to get in right away. You don't have to have a cover letter interviews, reference letters, any of that um. You don't even have to have real world experience.

This is basically a willy wonka golden ticket into any nba program. Out there there's not i'll, tell you this now. There has been literally no reported cases of using this as an application, and you getting denied that has never ever happened in the history of man. Um just want to throw that out there uh, so you could use it for various things.

So there's there's high utility. If you understand this business case study you're with business titans like you're, just you're up there you're you're swinging you're you're, the mickey mantle screenshot. It's mine now i guess you could just shot it. I was just gon na tell you.

Pmi, basically demand an apology for anyone who is mean to you about jimmy amc, clap he's the best sticking up for you. I mean i like tima. I've just been. I don't know good thing.

We have that case study. I beg of you please. I know i ask for you for things all day. I fully understand it.

I fully understand every day, i'm here like oliver twist saying please, sir may i have some more more likes. More subscribers, i know i'm doing that, but i would so kindly to ask for one extra thing. I would love for all of you to send that picture to anyone who's just being a greg about the entire situation. I would love for all two and a half thousand of you whenever you see what's going on with this, just respond with that like if they're, confused and they're like i just don't get it, send them that that little picture right here, screenshot this and just send It to them because we're trying to spend spread good knowledge, we're trying to spread information throughout the community, and i think this clears everything up.

I really really do so. If you see any confusion, you don't have to type anything out. You don't have to do anything. Save this on your phone, save this wherever you need to and send them this very official harvard business approved business case study.

It's going to clear up a lot and obviously we don't need any confusion in the community. We don't need community like confusion about. What's going on, i think if we get this going everywhere, they're going to be happy. I think we're going to clear up a lot, a lot of questions.

What else do we have slow down? We need source checks, verification the web. Article says you broke it. Obviously, you didn't even know it would potentially regress. No no weeble had an earlier post, like not my post, by the way.

Now that i'm like very late circling back um, we will posted the same thing. Weeble and benzinger are like syndicated sources and they're going to. Obviously be sourcing from bloomberg bloomberg and now since then they've written additional articles, i don't have weeble up, but if you look into the news, there's going to be multiple posts from their amc news today and one that's very early this morning, i believe around, like 9 40 9 40 a.m is like when that came out all right, i actually did want to teach some stuff today too. Today's wild all right.

Let's let's get into our teaching cap, you might be like, but matt you've already been teaching us so much. How could you possibly have the capacity to do more and well? Well, folks, you better strap up and sharpen that number two pencil, because we're about to be doing something we're about to be looking into my old friend, the keltner channel. Oh no, the keltner channel! What is that? Is it a plane? Is it a duck? No, it's the keltner channel. What in the world is that well folks, i'll have to tell you.

The keltner channel happens to be one of my favorite technical indicators. Let's talk about it, let's talk about it. Let's talk about it so really, actually before i even put up the keltner channel, the first thing you have to be comfortable with is exponential moving averages. So let me add one right here: ema moving average exponential ema right there, so i just added a nine exponential moving average.

So, first of all, what is a moving average, because you have exponential - and you have simple, a simple moving averages, literally you're, taking most likely the closing price of the most recent x amount of bars. It could be in this case nine. You could also have 200. You could have 50, but from there you are looking at the closing prices and you're going to average those together of x amount of bars when you put more weight on the more recent one.

So let's say in this scenario: you're looking at the most recent 20. Well, when you're putting more weight on the more recent ones, that's referred to as exponential moving average. So that's the difference between ema and sma, okay, so now moving on. Let me hide this for a second and let me bring back the keltner because that's actually the kind of the center of the keltner, so this center line right now is going to be the 20 e m a so this center line.

I wish i could color it a little bit differently. Can i can i? Can i uh yes right here? Okay, so we'll make it red just so it really pops. I know you guys want the lines to pop okay, so this line the center of the keltner channel, is simply a 20 ema. Now you're gon na see two bands.

Well, what are those two bands? Basically, you need to know what atr is average true range and that's just basically the range that whatever your thing is done over the past x amount of bars and whenever it comes to keltner. When i'm saying x, amount of bars the basis for keltner is 20.. So the ema is a 20 bar ema when you're looking at the atr, the average to range basically the difference from low to high you're, looking at the difference from low to high from the most recent 20., so you're. Looking at that, atr and you'll notice that when there's a bigger swing, obviously the bands get wider and that makes sense because the atr has to get wider in that range.

So anyway, you're finding the ema and then you're, adding most likely to x the atr and then you're also subtracting 2x, the atr. Now, as you can see here, you are able to change it. If you want, you could make it. I don't know you can make it 3x, the atr you can make it 1x, the atr.

So if you make it 1, obviously it's smaller because you're only adding an atr and you're subtracting an atr, but in other scenarios, if you want to add and subtract 3 atr well, then your bands are going to be quite a bit wider. So once again, the middle line is in ema and you're, adding and subtracting atr average. True range of in this case, it's 20 20 is the most common. But that's why length 20.? That's how the keltner channel is created.

So that's the math behind it. That's what's going on there. Let me set it back to its basics. 22..

Sometimes i use 2.25. If i'm feeling a little bit fancy, but most of the time i'm going to be using just straight up 2.. There are some other. I guess variations on it.

You don't have to use exponential, you can use simple, i'm just trying to give you the most basic one, and then you can change the details of it of. However, it works for you in your trading. I suggest messing around with it now. How can you use this you're like okay, kid i get it i get what it is.

I don't really care about that. I already see that i can just add keltner. How can i use it to make me money? I want money, money, money, money, money. Well, here's how i like to use it these bands, which, if you've heard the my like discussion about bollinger bands, you can think of them.

Similarly, like these are volatility bands and the main difference there is that bollinger bands are going to be based not on atr but rather standard deviations, so very, very similar, a slightly different calculation, but in the same realm of technical indicators. But once again, obviously this is based on atr's, while bollinger bands are based on standard deviations. So what i like to use this for is basically knowing when to get into a move or to get out of a move. So, for example, what you could you've used on apple today is said: let's say that you were long on apple and you're waiting for an opportunity to get in well one very strong opportunity because you're, like literally more than two average true range movements away.

This is statistically abnormal. You could wait for it to get on to the outside and as soon as it comes back in and closes in there, that could be a buy signal and then you could use a sell signal as getting back to that midline or you can even wait for It to break through the top line. I don't necessarily like that. I think it's actually a stronger play to like just go back to the middle or on the flip side it came out.

Let's say you were weak and then or you thought there was going to be some weakness. You wait for the first one to close back in and then you ride that puppy all the way back down to that center line. I am not the biggest fan of going from line to line, but then you see a lot of the time you don't go outside of it. You're not going outside of either of these bands.

In fact, apple. The last time it went outside of the band today was already 11 in the morning, so this isn't gon na be one. That's firing all the time and that's why, when you actually get outside of the bands, it's so statistically abnormal that you're just not going to see it. That often, and i would look at it as the keltner - i always think of it as like.

It's a good reversion plane now the reason i have the rsi up below it is because i think, there's opportunities to pair these up. So, for example, the spy went lower from 11 30 to 10 15 ish, but the rsi went higher. So we know there's bullish, divergence and you're like well. Hang on.

I see there's divergence, but in real time, if you only saw this right here. Let me okay, my question to you at 10 15 this morning: how do you possibly know that it's not going to go lower? You could be like listen man, i see, there's bullish divergence, but what, if it drops and like the rsi, actually kicks out and like there's no more divergence because it kept selling selling selling? How do you know that this is a buy? That is a great great question: young grasshopper and in real time you don't, obviously you don't. How would you know you'd have to be a fortune teller and that's why i'm saying where, if you see this bullish, divergence and you're like ah like what's going on, that's where the keltner channel can come into channel? And that's what i'm talking about where you wait for one bar to develop and you see that we went from the outside to the inside and we closed in there so between the bullish, divergence and finally closing on the inside. Those two together would represent your channel or your like, buy signal and then from there like, you could use whatever exit if you're looking for a certain percentage or if you're looking for the mid channel, that's like a whole different game.

I'm just in this scenario. Talking about a buy signal and then there's a whole myriad of ways, you could choose to get out um and that's why i think once again, like any time i do a technical teaching video. I think it is always best to use multiple ones together. I've never found an individual indicator that i'm comfortable with simply just using that one and of course it doesn't even necessarily have to be an indicator.

It could be an indicator and then maybe you're, seeing a massive amount of action in the options market you're. Seeing a lot of money play in so, but still that's another filter of sorts now right now, i'm using it on the five-minute chart. You could use it on whatever you want. You could use it on the daily, so, for example, on the daily right there.

It goes up and it's riding on the outside. That's not a time for me to buy. That's statistically abnormal. I think there's going to be a reversion.

It closes in here day, one you would have sweat. Your risk would have been the recent high, but in the end, if you rode it all the way back down to the midline, that is still a winning trade um. I actually, i don't know, let's look at another random here. How would how would it have worked on tesla, so tesla? It would have been riding riding riding.

If you were long on tesla, you would have never ever actually gotten out of your position just because it never closed within the cloud. You would have wrote it road. It wrote it wrote, it wrote, it wrote it and then you would have been right in here. You'd been like okay time to lock in these attendees and then on the flip side.

Ah, you never really had one too bad to the south side. I'm trying to look for a buy signal. Let's see where one would have happened. Okay, right, right, right here, perfect, perfect, perfect, it's riding down down down down down now.

Do you buy here? Absolutely freaking, not no! No! No! Why not, because you didn't get that close. Really inside of it no you're waiting, you're waiting, you're waiting you're on the outside. You now once again see that something has bullish divergence. The price went lower.

The rsi is higher the next day you close in, and then you ride this basically up from 600. All the way to 625 and you lock in those gains - this is something once again, i am not in any way attempting to pitch you something that works 100 of the time. I'm saying that this is one tool, that's one way that it could be interpreted. Maybe you have another, let's say favorite indicator that you like to see and try out the keltner channel and see if you can kind of use it in conjunction with another one.

That's perhaps your favorite to get even a higher quality, buy and or sell signals. The keltner channel is one of my favorites because i have found that it really helps me most of the time. The way i use it is i get over excited, i see some things running and then that's the thing. That's telling me hang on you're, not buying it at an ideal time, because it's pushing too much so i know this morning we were watching roku, there's no way i'm ever gon na buy when it's already this excited, and that's why i was telling you this morning.

You got ta wait for it to come back to reality and in in reality you could have rode this down from what 239 all the way to the midline at 235, but a lot of the times when i pull it up. If i'm bullish on roku, i'm not going to buy roku when it's on the north side of the cloud, that's already a statistically abnormal bullish move and there's just a chance that you end up becoming a bag holder in for whatever time period and then the same Thing when it's like to the south side, so if anything, i'd like to say okay, sometimes it puts a little bit of the brakes on me of like hang on, you might be making more of an emotional trade than the like more of like a technically sound Trade or i'll just use it. If, like i don't like that movement, i could fade it to the other side, and then i just wait for my particular opportunity to take a shot. But once again this is the keltner channel k-e-l-t-n-e-r.

The middle line is the exponential moving average and the top, and the bottom bands are average true range very, very similar to bollinger bands right here like actually it's so similar that you probably can't see much of a difference, but the difference. What it really is is the bollinger band here is based on standard deviations, rather than average. True range show just a little mathematical sleight of hand, but quite a bit of overlap. So that's what i have for you for the keltner channel.

Obviously, if you have any questions, let me know uh. What else do we have? Matt knows the market uh never heard of her, never ever heard of her uh what else uh best single indicator of the magic 8 ball. Everyone knows this i'd have to agree. Howdy best tesla trader north of the mississippi tesla riding v-bop, with your non-financial advice, swing overnight or get out tesler tesler tesler.

I i'm still bullish on it. I mean ever it. It's just been range bound for most of the day, most equities. Today, almost everything there was no nice trends.

It just got completely like premium burn. Today was kind of a wash of a day. Things are obviously slightly down, but still a majority of it was just a premium burn um. There might be another day of it needing to take a break just because the rsi is so overextended, for example, if we were to once again throw up the keltner look, how it's just been on the north side for such such a long time um.

I think there could be a little bit more of a push down. I was really watching that uh 1060 area and i'm hoping the rsi cools off by then and then we can base and pop off of that uh. It depends what your time frame is. That's a good question: shout out big mike shane shout out pickle me timbers, those provolone efts are coming along great.

Shout out pickle me timbers, all right, all right, all right, oh speaking of being oliver twist and begging, uh folks, if you wouldn't, i would mind, i would appreciate it if you could completely annihilate that like button and don't forget to that subscribe button either. Um. Also a lot of these clips, if you want to revisit it, they'll go on coors, light channel. That is in the description of the video um.

If you want to check out crypto, don't forget we have that crypto. I mean the crazy opportunity in crypto that show it's on the normal channel um. If it's on, if you're on twitch, it's always that stuff's, always there, obviously not the clips, but all the streams are if you're on rumble same thing. All the streams are going to be right there as well on rumble i'm trying to think of anything else.

Oh, if you want more in-depth, like education about this stuff, maybe your way of learning doesn't come like completely gel, with my way of teaching. If you're looking for another educators that i personally respect feel free to check out true trading group, it's pinned to the top of chat. Wherever the chat is, i don't know, but you could get a free week trial for three dollars. Literally three bucks, like one two, three and um: it's not one of those things that rolls over automatically into some sort of payment like you have to go out of your way.

So it's not something where they're like just hoping that you like forget. You signed up for the trial like three dollars. All it does is get you the trial and if you like it, you have to come back and actually sign up for the appropriate thing um. But if you're looking to start the new year and take your training and or investing career, a little bit more seriously see what it has.

My biggest suggestion for all of you is get in there if you're interested and ask a member be like hey. You've spent the last. However much time in here is this program worth it yes or no um. Obviously the members are going to be as like honest as they possibly can, so i think that's the best way to like really approach the situation.

You don't have to take my word for it. You don't have to take uh the people who own it mike and adam's word for it. Talk to the members see if they made more money learning off of them than they did the cost of the course uh. What else do we have going on? What else do we have? Where are we what's going on over here in the secret, the secret secret twitch, i'm already seeing a bunch of time zone, stuff, good questions, time zones? What time is it wow time flies when you're having so much freaking fun? Five minutes till that bell goes ding, ding, ding, ding ding.

Oh, why is this stuff so funny to me? Do we have there cool cool cool, i'm just seeing if there's any final news we need to go over before the market closes for the day. Let's see, let's see, let's see, let's see, okay, things are kind of dipping in and close. Maybe we should be closing the market early, just a suggestion: hey matt, thanks for all the tips this year. I think i overheard you say something about you're doing a 1k challenge at the start of next year, um yeah.

I thought it was going to be a 10k challenge uh. I guess i could make it a 1k challenge. I don't know i put 10k into the account just because sometimes options are so expensive, but i guess if there's an overwhelming demand to make it smaller. I definitely could maybe i'll just like lock up whatever percentage of it in like the spy or something just so to make sure not to use it um but yeah.

The money should be hitting like tomorrow or the next day, but it will be ready to rock um the start of january, so the first day of january is january. 3Rd matt did spidey nft really sell for over 10k already uh according to adam aaron. He heard that one sold for like 16 900 and something like that um, but i i didn't personally see that myself, but i also have no, like i 100 believe that that's probably real. I believe it is real.

Oh hang on quick, i'm gon na all right. Where are we at? Where are we at part of me, thinks that i should just yolo the very first trade all or nothing on the first trade either like double or nothing on the first trade either? Take that 10k and try to make it 20k, like one trade or just write it to zero and we'll see how that goes. Just come out of the gate running. I don't.

I guess i'll have the weekend to think about it. We'll have the weekend to ponder it. They mad you minted the blueprint and made it in nft. You know, what's a funny thing about trolls, is they literally can't buy like uh? They can't handle any form of trolling themselves, which is just it's so poetic in a certain sense.

I love it. I love it. I love it. I love it.

Oops how's my collection doing so when there's there's two bids on that nft uh, the first one was for one cent and the next one was for 38 cents. So it's it's on its way to two mil, like i said, conservatively a low two mil. I need a chair nft, oh, that that would be easily nft breaking records. Breaking i'm going long on bridges.

You know with all these trolls. Oh that's hilarious! That's absolutely hilarious! Uh! Where are we at okay? We have about a minute left left in the day. I'm just letting you know in case you are battling pdt and you're attempting to get in a trade before that bell goes ding, ding ding, so you don't get hit with pattern day training. So if you are looking to make some sort of movement, you have 60 seconds left 60 seconds 60 60 seconds.

Where are we at? Where are we at this stuff? Is so wild yeah? I love it yeah. I love it. Uh christmas rally, the santa rally. I don't think, there's anything else really breaking quite that i can do for you today.

This is just what it is. This is the market. Today, let's get ready for that. Ding ding ding ding, ding, ding ding, the market is closed and everything was in the red red red red red red red red red.

Well, no, even prague, right there red very red. It was a red day um it was. It was a red day there's! No, if ands or buts about it, sometimes that's what you get in the market: hey if you were riding some puts or shorting today you made some money, but if you were long not the best day but here's to a better tomorrow, so here's the plan, here's The dealio, i will uh i'll, be doing a quick update, video tonight, yeah very quick one and then uh. I will be streaming bright and early 9 a.m tomorrow.

Tomorrow is wednesday. December 29th. Tomorrow will be a normal day, we'll stream at nine, we'll have crypto at two and we'll have power hour at three. Just so everyone knows hey.

I know everything was read but honestly hanging out with all of you always makes it so much better. So thank you. So much for the support uh, i hope you're able to spend some time with friends. Family some loved ones this evening have a good one and until i catch you next time for me and share best of luck,.