Hello, hello, hello, hello, hello, hello. What is going on moon gang, hello, hello, hello, what uh, what a day we are setting up for as we get into close here i mean amc trading at 37.62 kind of looking at this breakout. We have a cup and handle going, not the best cup more of a v shape, but you get it. We have the double rejection right here.

Rejection rejection, um - and i was talking about this a little bit earlier - of how a lot of there's nothing that special about 3790. Besides the fact that it was rejected there before and it ends up becoming a self-fulfilling prophecy - that's what's that's is what's special about it, but now we have the cup, which is one big. U the handle is where it comes down and we get a higher relative low and then on the third test, we're looking for that breakout and my test after that would be the intraday high at 38.71 and then we also know yesterday amc ran up to 38.77, But overall, this is a bullish pattern. Does that guarantee a breakout and a run? No, but the odds are pushing that way so like if you're, i don't know, dealt pocket aces or two face cards like pocket, aces and poker.

Two face cards in blackjack that doesn't guarantee you're gon na win, but it puts the odds in your favor, at least so what we are looking for, as we have about an hour until power hour from now until then, and then obviously also in power hour. We are looking for this follow through and a break honestly. It might just go now. Maybe i should keep talking about the cup and handle, if that's the thing that keeps this pushing, i mean i'll just talk about the cup and handle all day, cupping handle cup and handle cup and handle cup and handle cup and handle, if that, if i need To sit here from 9 30 to 4 and just say cup and handle, and every time i do it, we go up higher and higher i'll.

Do it i'll do it? If that's what, if that's, what needs to be done to get this stock to go sky? High fully committed sign me up coach. I'm in sign me up. I am in man all right, so we want this to follow through the cup and handle breakout. In the meantime.

Just so you know, palantir has been on a tear today, it's up 6.3 they've announced that they uh so shout out to the people in discord who were giving me some of this information uh appears that they're buying some gold uh. Just in case, i guess, as they said like for uh a store of value, and they also said that they're going to accept bitcoin, uh crypto, specifically bitcoin as payment for their services. So some interesting gold and crypto movement for palantir sprt, still looking strong, shout out to mr boulay noticing over the past couple days that this is becoming itself its own giant cup and handle so looking for the breakout of the intraday high at 880. Looking for a follow through to nine dollars, gamestop hanging out at 159 really not doing much today, gamestop, not looking the best um.

I think robin hood was catching a bid as we're going into earnings. It did it broke above 50, but this right here it really means nothing to me all this is on robinhood. Is people are jocking for position before the earnings announcement uh? I don't know if it's going up or down, but the earnings announcement is tonight after the market closes and following that we're gon na have a gap up or a gap down um. There is no correlation between the trend right before in earnings and if that's indicative, of getting the earnings right that correlation that pattern does not match.

Sometimes it's going to be dead on other times. It's going to be very wrong, so really the movement i mean i was letting you know in my update video that prepare for some craziness prepare for some volatility, because it's the day of earnings, i'm expecting volatility, specifically in hood today and tomorrow exclusively because of the Earnings announcement so the the technical movement - i'm not really put putting much weight into its importance right now. I want to know what's said in earnings, i have a feeling that they're going to come out and say: hey uh yeah we lost half a billion dollars, we're a little bit concerned about this whole payment for order flow. It seems like we're really still pissing off a lot of people and the only thing that's currently saving our company is the fact that mainstream media time and time again will go to bat and lie for us.

That's why our stock is up. I think that's how it could go uh, maybe i'm just being a little optimistic, but i just don't think it's gon na end up too well uh. But let's see um. I wouldn't recommend holding your breath on it, but maybe i'm coming off as a little bit pessimistic, but just so you know i do own puts against robin hood.

I am looking for robin hood to fall. Uh uh so we'll see how that plays out, but other than that uh. I believe i have pallent here in my long term account long on it. Obviously i have amc shares.

I have amc, call options and then i also have sprt call options. Just for the point of transparency um, i can put gme back up, but gme is really not doing anything today. It's kind of a lot like watching paint dry uh ever since 9. 50.

This morning it's been between 158 and 161, so it's like a four dollar range really 162 to 158 yeah. It's been in a four dollar range all day on low volume and hasn't even traded a million shares yet um. I have no issue putting it up. If it's moving it's just right now, we could always talk about things that are moving um.

Just the the volume is weak. I mean trust me folks. I want it to go up, i'm i'm in gme, my own literally my own financial. I guess success is somewhat tied to how much gme is going to go, because i'm in g me.

I want it to go, but also at a certain point. I can't just be like. Oh no, no, like the volume, is fine. The volume's, not fine.

It's low volume um, it's just not moving it, it's not good or bad. It's just boring. It's just not really doing anything. Someone just said that the spy is ripping spy.

Let's throw the spy down here. Oh, the spy just got a little bit how about iwm iwm, also moving all right, so things are kind of perking up here, interesting, interesting, interesting. What about how's nvidia doing as we head into nvidia's all right, nvidia we're waiting on their earnings, really not doing much. What about amd amd holding out at 105 man amd taking a bit of a hit interesting, might be a good dip, buy opportunity on amd roblox coming back wow roblox in two days running from 74 to 84.

holy guacamole batman, holy guacamole tech is moving fed minutes. Oh, the fed minutes came out. It is. It is wednesday and it's two so i'm assuming yeah the fed minutes come out at two and then usually there's a follow-up discussion at 2 30..

So between now and 4 p.m, there's a decent chance that we see more movement between the s, p, 500 vix some bond stuff, which is going to be related to interest rates uh. So we could see some movement around there all right. What else do we have jimmy started? This whole movement? Oh, it totally did uh and i think it is due respect, but i i don't know i i i can't make the rest of the world trade gme. I believe gme 100 started this movement uh deep f in value roaring.

Kitty 100 was the og of this. Every this entire thing and the wall street bets read it right there between gme wall street vets, reddit and specifically roaring kitty, keith aka, dfe, those that's the people and the groups and the entities and the stock that started this, but just because they started it. That doesn't mean that's where the main thing is now i mean um, we we can't, i don't know it pains me to say that gme is just has low volume, low volatility, and i want that to come back, i'm hoping that it's just a summertime thing and I hope people get re-excited for it, but i it's just not really moving anywhere um. I 100 agree that all those things that i just discussed they deserve a certain level of respect, but it doesn't change the fact that gme over the past couple weeks has gone nowhere.

You apes need to understand that low volume in gme is ideal. You should be excited about it uh. I don't agree with that um. I don't know why.

That would necessarily be ideal. I've seen some people trying to reason that that it's ideal and um no, it shows me that there's like less excitement, there's less people paying attention to it. I wouldn't there are some scenarios in which low volume is ideal, but uh. That seems like a stretch of an argument to me um, unless we're in like one of those very very specific situations which right now gme, i think it's just suffering from kind of like the summertime blues thing like i'm hoping as we get closer to the end Of this month, labor day september, i hope people are coming back and if there's some sort of announcement, we might have a technical breakout around 168 run up to 175, as we slowly grind up.

That could get people excited and they might start hopping on be like hey. I like the technical breakout, i'm going to buy it, and then we could see more volume and a follow-through. That's what i pray happens right now, but um. Obviously, we have to wait for that to actually occur, but i mean i you're you're kind of kidding yourself if you don't think that wall street bets subreddit, specifically roaring kitty and specifically jimmy they're.

The reason we're here right now very honestly, they're the ones who started all of this. So it is a bit weird to me when people in the amc community kind of get on their high horse and say that other things are distractions. When really, it seems like it's almost a bit selfish because you're just saying that anything that where people are putting money, that's not your thing is a distraction when, in reality, i think the only people that truly have the right to call other things distractions are. I guess these game stop original og members from back in really pre this calendar year, i'm talking about back in 2020.

um, i think they're the ones who had to say that, but also i don't agree with this argument of anything really being a distraction but uh. If you happen to be yourself, an amc, purist and you're on your high horse, calling other things distractions, you might want to take a look in the mirror for that one, because i do find it a bit weird but, like i said, my personal opinion is like. I just don't buy this concept of really anything being a distraction. There's always other stocks, there's always other movies, there's always other ways to make money so um, but just be careful if you're throwing stones from a glass house there.

Someone said who is this james shelton amc is a joke. Uh uh! No, i mean amc. Is i mean on the day it's looking very good and it's been doing very well like where the momentum's coming back um, so you're a joke. I kicked a greg out.

That's the first um greg i picked out in a while. I like it. I like it. I like it, i, like it spy yeah, that's what i said.

You're gon na see some volatility whenever the the meeting minutes come out and then the commentary from pal you're gon na see some movement between the s, p, 500, vix bonds and gold uh meet kevin needs your help, uh cindy. What do you mean? He needs my help, excuse it features versus wheats and futures preferences 100 cheese at futures over wheat, thin futures. I would predict that wheat, thin futures are going to do well. I just think cheez-it futures are obviously way way better.

How are those hood puts going for you? I mean i got them a while ago, so i'm still profitable, but i hope there's a giant sell-off and i get more but tyler, that's a weird one. How are those hood puts going for you um? I don't know. Tyler how's how's your trades going for you. I don't know weird question: i'm green uh tlt treasury bond is ripping yeah.

That kind of makes sense with what's going on uh, assuming just from what i'm seeing in spy. I bet gld, which is gold, is also probably doing something pretty wild right now, gld yep gold running up getting and then tlt here's the fed for you, folks, uh, so bonds, which is tlt. This is the 20-year treasury bond. Then you have gold.

Gld is how what's going to be tracking that, and then you have the s p. 500. Usually there are these types of weird wild reactions. This one is talk about a rug, pull though it runs up, and then someone ripped the rug from under it rip the rug it's wednesday.

What movie are you seeing this weekend? I don't know so. I've been going lately. I don't know if there's like a new one for me to see this weekend, i've pretty much seen all the new ones that are out. I guess i could always just go and re-watch one.

Maybe some map here just dropped about 2k magic in gathering the cards out of shop, so i can buy more amc, uh, but still cindy cindy meet kevin needs. Your help. I still don't know what you mean with that with does anyone know something uh know? What's going on with me kevin, i feel like i miss it. Should i check something out on twitter me kevin.

What's going on meet kevin people, kevin pathroth, uh uh? What happened to me kevin is something going on. I feel like i'm out of the loop, or maybe it's just nothing at all, and it's just a really strange super chat meet kevin um. Oh there is a video that says please help or i'm screwed in 48 hours. I don't know what it's about i'll have to watch.

That could be a little bit clickbaity. Maybe it's something about the election. I don't know i'll have to check that out have to check that out. What else do we have going on in the social media world? The social media world, all right, cool, cool, cool, cool, cool, all right: let's do this! Let's do this! Let's do this amc, definitely suffering i mean as soon i bet.

If we bring up a lot of stocks, this fomc meeting whatever's going on here. The minutes that came out it seems like it's dragging a lot of other things with it. Let's see if we could actually find the exact information. I keep missing the morning sessions because of vet visits no morning craziness, not really we saw the morning pump and then it came down.

Try to fight back and now we've gotten a triple top rejection. It looked like a nice cup and handle follow through, but then whatever happened, if we bring all this up, everything is getting hit simultaneously because of the fed kevin is a multi-millionaire and he don't need mk if amc blasts off before jimmy i'm going to come back For you, bros and sis at jimmy no apes left behind you matt i sold ps4 to jimmy for one share worth uh got into wisa last night for 13 30.. Can i get your thoughts on the chart today? W-I-S-A summit wireless you got in at 3, 13. So you're up congrats on that um i would just end up.

You have to use the risk point of probably three dollars or right under. That is how i would play it. I don't necessarily like this daily chart um, but hopefully maybe you picked this bottom and if this is the right bottom around three dollars. Look for the follow through your first test might come around 380ish and then maybe a follow through after that, but uh, i'm not really in love with this daily chart, but uh.

Let me go to gme and then let's see what the fed released in their minutes. Let me bring this up on gme uh markets, turning red. What is going on, let me see, let me see here we have it all right, nope nope, all right, hang on this is uh. Always here is what we have.

Let's check this out, let's see what's going on all right, so why is everything turning red out of nowhere? Our answer is the federal reserve dow falls for a second day losing more than 100 points. As the fed discusses reducing stimulus this year, major u.s stock indices slipped slightly on wednesdays, as investors digested the federal reserve's latest meeting minutes. Looking ahead, most participants noted that, provided that the economy were to evolve broadly as they anticipated, they judged that it could be appropriate to start reducing the pace of asset purchases this year, because they saw the committee's substantial further progress criterion as satisfied with respect to the Price stability goal and as close to being satisfied with respect to the maximum employment goal. The minute said: we've talked about this previously.

We know that they're not raising interest rates, probably for until 2023. The issue here is, they said they might stop this buying of assets, and it looks like they actually might be doing that this year, the market's not basically the best way. I could explain it is the fed between keeping the interest rates low and doing all this buying this asset purchasing mainly through bonds, it's their policy of unlimited, quantitative, easing and right now, even though it's unlimited quantitative easing it's they're they're easing up on their own quantitative. Easing by stopping the buying of these pace of asset purchases, i believe it was quite a bit a month.

I just read the number um. I just don't want to mess it up. I'm surprised they don't have it in this, but uh. It sounds like they are kind of lowering it and so you're getting rid of the backstop to this system.

So when there's not backstopping of the fed, we know that they're going to buy all the time. This is the kind of reaction that you're gon na get um the market's coming down s p. 500. Let me throw up gold how's gold reacting to this gld if it ever loads uh.

Actually, let's bring up tlt, let's bring up bonds instead, so bond shot up. Holding a little bit better, but it's this announcement, obviously prompting volatility uh. Since the july meeting there's been growing support within the fed to announce a tapering in september and beginning in october, the 10-year treasury yield inching slightly higher today to 1.27 percent. What else do we have target b? Meanwhile, pfizer shares gain and mo dinner stock traded off.

It slows after the us announced it begin distributing cover 19 booster shots next month. New day shows vaccine protection wanes over time us according to top u.s health officials uh. This is from jim paulson chief investment strategist at the lethal group. Buckled group loot hold group.

However, you say that the stock market is way overdue for a correction. Covid cases continue to spike higher darkening economic reopenings consumer data shockingly has collapsed. Recently, several stocks have stopped reacting positively to good earnings. Inflation reports remain hot, the federal reserve taper talk is everywhere, so that's what's going on federal reserve tapering off their asset purchases and i want to say it was around 120 million a month.

But let me just double check that number for you fed that's what i think they're tapering from what is this one. In response to the economic impact of kova 19, the federal reserve cut short interest rates to zero on march 15 2020 and restarted its large-scale asset purchases, more commonly known as quantitative easing or qe. Since july 2020, the fed has been buying 80 billion, with a b of treasurer securities and 40 billion of agency mortgage-backed securities mbs each month is a lot a lot. A lot a lot so basically they're taking their foot off the gas of how much they're purchasing per month.

That's what the tapering is, and obviously the market is not the biggest fan of tapering because they like that they, like the policy of unlimited quantitative, easing um. So it does sound like maybe it's a little bit early, a lot of people thought it would be announced in from what i'm reading they thought they. It would be announced in september and go into effect in october. But according to these minutes - and i think powell speaks in about five - usually they speak about a half hour after the minutes are up j pal peach.

Where are they gon na talk march 17th? Usually they talk about a half hour, so that would be 2, 30 eastern or other words in about six minutes. Let me see pal all right. Is he talking today all right? What else do we have federal reserve preparing for a taper this year july? Minute show all right. We have that we have that the fomc voted at the meaning to keep short-term interest rates anchored at zero, while also expressing optimism about the pace of economic growth.

Well, the market is expecting tapering soon, it still doesn't see interest rate hikes coming for at least another year, so futures contracts tied to the fed's benchmark interest rates are pricing in about a 50 chance of a rate hike in november of 2022 and a 69 chance Of an increase the next month as in december of 2022. - so that's what's going on, but it looks like maybe a bit of an overreaction like we already have some bouncing back, especially in the russell 2000 over here. I just thought the fed would be speaking power. Lunch at 3 p.m.

We don't need that quick links. Okay, yeah, if i find something about a live speech from pow, will definitely bring that up, but the more you know that seems to be what's going on and i do like how not only the markets, but it does seem to be shaking it off relatively quickly, Especially gme or not gme amc amc. It was taken a little bit by surprise right there, when we just saw such a weird reaction in the s p, 500 and also iwm, but look at that already coming back up to where we were with our cup and handle uh just below 38. dow jones.

A distraction love your stuff matt, just wondering if you were going to support gme after amc. Squeezes looks like jamie from 150 to 350. Just looks like the battle of amc between 50 and 70. On the technical side i mean i am supporting gme now uh.

I support amc and jimi every single day. I don't know what you mean royal, just wondering if you're going to support gme, i feel like i do support it, so i don't know how to answer that. Will i continue to support it. Yeah.

Look how many times yesterday's closed 3716 became support and resistance. Ta man craig craig, shout out not a hedge fund. 37.60. Oh right, where we are resistance in here support, support, support, support.

Let's see this breakout now. Should i get my amc shares off of robin hood. Uh, i think so, but that's my own opinion. That is my own opinion.

Dip before the rip on taper rumors, sheep, duckling, cow 120 billion million, is small. Oh sorry, did i say with the tapering before yeah. No this when it comes to the federal reserve in their numbers, it's always going to be billion with a b uh. Sorry about that big bob um, it is definitely billion with a b.

They don't really deal in the realm of millions. That's a little too small for them: hood, hater, robinhooder, oh yeah, i'm definitely a robin hood. Hater they've gone out of their way to explicitly try to get more payment for order flow money in exchange for worse trade execution for their clients. Am i against them? I am outspokenly against them.

I am unabashedly against robin hood. Why would i like there's, i don't see, what's redeeming about robin hood, they like they went out of their way to say yeah uh, we'll do even worse executions, if you can give us more money like that. Those are the words from gary gensler, the sec chairman. This isn't just like a made-up thing like this.

Is it's insane they're a bad company uh thoughts on fsr, big energy playing future electric mobile options; good time to get in i'm new, to charts eight nation and holding amc, strong, f s, r. Let's check out fsr fisker fisker fisker, i am familiar with it. I mean, if you think this is the official turnaround you could risk the most recent low. I would feel a little bit more comfortable with risking 12 or even 950..

There could be more downside, but for all i know, maybe this is it. Maybe this is as low it's going to go and it's going to rip from there, but overall i would be supportive of it in a higher level. General sense, because i am definitely going to be bullish on the ev sector, which is where fisker is so. I agree with you.

I don't know what time frame you're in, but i, if you have a long enough time frame, i do think it's a solid, medium to longer term play just because i, like the ev sector, uh w-o-r-x is looking good. Am i right or wrong could be a cup and handle if this bends back around? If this gets above three dollars and 30 cents yeah, you could have a the start formation of a handle and get that follow through back up to 480.. Can you look at nvidia? I wonder if it's a good chance to buy for long before er also amc is going strong um in video with it i mean it's not having the best day, i'm in nvidia i've been in nvidia for quite a while now um, but with earnings i mean You never know how earnings are gon na. Go you really don't um.

It could go literally either way. I don't know if they're going to be or if they're going to miss on expectations. But for me, nvidia is actually one of my easiest plays on any major dip. I buy some and then i just wait.

I have no plans to sell nvidia really this decade, i'm just going to hold in video, but nvidia, i believe, is reporting after the market closes today the same with robin hood. If you're thinking of switching brokerages, i would suggest doing it now or you risk having a more risky attempt later when we're potentially closer to an actual squeeze yeah. If you're trying to get off one broker or start a new brokerage account, there is no time like the present. You should have done it yesterday and if you asked me yesterday, i would have said the same thing.

You should have done it yesterday, the sooner the better with this um. So if you are really worried about the brokerage you're on start it right now, if you're listening to this - and you have a free, 10 15 minutes, do whatever you need to for a new brokerage or anything along those lines, but pretty important. I want to say thank you to the dedication to the cause. Sprt looks like a great setup.

Can you give us uh a sprt, rundown, amc and sprt to the moon? All right, let's throw up sprt, i am in sprt. I agree. I like this setup. This is the daily chart, even a really well in its own way, strange weird cup and handle, but i'm looking for this to get above nine and then i'm really gon na be watching whatever this high is 9 30.

and then from there. If we get above 1070, we can then watch the high 11's, this one's interesting um it - i wouldn't say it has as big of community support behind it as amc or gme does. But it has an incredibly high short interest around 69 70, pretty high short interest. Very very low float, so it has all the useful ingredients of something that could kind of go sky high.

The only thing it's really missing out on is, i don't know if it gets enough attention and social media buzz and people who actually care about it. But if, for some reason it starts to go up and we get a technical breakout, yeah there's definitely people who could get squeezed out of this particular play uh. They called this dumb money. So i typed my initials in the search bar and bought the stock dumb money shout out vegan thoughts on s-w-b-i-s-w-b-i smith and wesson, not looking the best uh.

If it breaks below 22.75, it looks like it could drop all the way to 20. uh, but that is support, so it could also bounce right off of it. But my point in doing this is you always want to watch the stock's reaction to these key levels of support and resistance? So i would very much pay close attention essentially to the reaction to 23 flat 20 like give or take 25 cents if it starts to bend back around. That might be a good time to go long, but if it breaks down, it might fall all the way to 20, which is the previous place.

It found support uh before this july. What's the best time frame to see, support and resistance doesn't include full candle bodies. Only or do you include wix thanks, so it's when you get to that level of detail, it's more of an art than a science, uh you're, looking for just general regions like you're, never going to be like! Oh, this is it to the penny of where the support is it's the general region, and i don't think one time frame is better or worse than the other. It depends kind of on what time frame you're trading in, if you're, a long-term investor, you don't really care about support and resistance on a five-minute chart if you're a day trader, it doesn't matter for you to look at support and resistance of a weekly daily monthly Chart or anything like that um, so i would say, use multiple time frames that are all roughly associated with the time frame that you want to be involved with the play all right.

We did that. I see a lot of people talking about bb all right. Let me look up bb, i guess blackberry is doing some stuff. Um still don't like the daily chart looks like a week daily chart if it doesn't hold on to 47.

This could break down even further uh and i just don't know i guess the risk is minimal because it's trading at 48, so you could risk a dollar. Maybe it runs up to 50.5, maybe 52.. So the risk? Oh wait. This is barnes hang on.

That's not blackberry all right! This is a little bit better a little bit. It's still, though, a very big downtrend, still a very, very big downtrend um i do like you could use yesterday's low 9.48, not too far away a little bit less than a dollar. You are looking for a breakout of 10.80 and maybe you run to 12, but overall this is like all it did. It shot up beartrend down and now it's just going flat like i'm not really seeing much.

The last time we had two green days. Look at it it's in this pattern of two and green days. It falls a couple green days. It falls a green day.

It falls a couple green days. It falls um. I don't know if i would count these two green days to be any different than what we've previously seen uh. I would want it more of a serious technical breakout.

Can you check ortex for naov and share your thoughts naov on ortex yeah naov? I think i need to remind people of this just because if something does or doesn't have a high short interest, having a high short interest does not mean it's going to squeeze. Naov does have a higher short interest. It's at 22.89 percent. That's a pretty considerable short interest, but it's another one that i just.

I wonder if it has enough people who care about it, the chart looks weak. This is a very weak looking chart it shot up. Two red bars looks like maybe it wants to fall to 250, but who knows? Maybe, if all of a sudden people start buying the short interest is there, but just because something has a high short interest in no way means it's actually going to squeeze. You just need to have a high short interest for the chance of a squeeze.

Uh is probably the best way i would recommend thinking about it. Am i okay with my shares on robin hood, you make me nervous, i mean i i don't know. I don't work at robin hood. I don't know necessarily about the security of your shares.

I don't. What do you mean? Okay, like i don't think, they're gon na like steal your shares from you. I just don't want to give them any business. It's more of my own moral stance on that company that i refuse to give robinhood any business, but i don't think they're so nefarious that they're going to like steal from you.

But maybe i don't know i don't work there. I don't know how moral they truly are or aren't. I just know that for what we know about them, they seem to be highly immoral, but i mean do what you want craig. Can you check or text please? I assume you're referring to amc a net return of 1.26 million shares.

They borrowed 985 000 returned 2.25 million short interest of 17.85 based on 60 coverage of legal, legitimate market volume today 60 and then, when it updates at night, we'll get a bump up to 85. In the morning when this all comes through all right, let me go back to what were we checking before sprt s-p-r-t, yeah kind of flat kind of boring how's robin hood doing as we head in not looking good uh. I kind of hope that that one um keyboard warrior who was asking about my hood stuff in a very like negative tone. I hope he went long on it because i think he's going to get blown out of that position.

Keep doing you shout out. Captain cat beard shout out shout out shout out shout out all right amc gearing up. It looks like for the fourth test of just below 38. Well us to see this test and a rip we're about 20 minutes away from power hour.

So we definitely have some time i mean we have about 80 minutes. We know that these stocks can move quite a bit in 80 minutes, so uh pretty excited any idea. Where is roaring kitty um i mean the dude is wildly wealthy. Now he probably doesn't have to do anything that he doesn't want to do.

I'm assuming he didn't like all of the attention he got and was probably like. You know what i'll just take my fat stacks and live on a beach or something somewhere. I mean he deserves it. Man citadel sold a lot of shares last quarter.

Could that be the cause of the ripping to june to the 70? They didn't have any synthetics or plan because of fomo, so they blew their long shares. They sold about 500 000 shares and we were trading like almost half a billion um them. Cutting 500 000 did not have that run up at all, i mean the volume. That's just such a drop in the bucket scenario.

500 000 shares when you're talking about trading over half a billion in a day, uh that wouldn't equate to a run-up from 14. All the way up to 72 by any means he's probably roaring into dfv, is still holding, i'm sure, he's probably holding a large portion of it. I'm i would bet, but i also like it's not like. I talked to him.

I, like can't confirm that i've never had a personal conversation with him, but if i had a bet uh, he is probably holding a good chunk of it. I would assume if i were a betting man just bought sprt. What else do we have greg's? Not welcome. Can we check or text we just checked or text stevie has not sold his positions, he doubled down, he doubled down a while ago.

Definitely a while ago. I don't know if we've gotten really any recent update from him. I don't know if we've heard from him in like a month or two um, i would assume he's still long on jimmy, but i don't know his position in any manner but uh. I remember that he was doubling down.

He would exercise a lot of his shares. Uh he had a pretty considerable position. What is this matt quartz is a greg. There is proof, uh sure there is sure there is.

Did you check out the crypto irs article, my ex-wife tex fraud attorney for irs in new york, new york for 16 years, since we graduated law school alerted me to it so yeah devin's law? I read it uh. That's we're talking about the ways that they're gon na be able to look into some of your physical wallets. I read it i'm thinking about how i can make some sort of weekend crypto video that includes that in it but uh. I think that was a very good good good article to read, and i appreciate you shouting that out all right.

We are good. There shout out shout out middle earth, shorting it down to middle earth, down with hood up with amc. Roaring kitty is a distraction from dfv. He met been a part of the gang since february, i'm looking into ai trading.

What platform do you recommend um? I don't use ai trading, so i don't know if i would have the best input on that one. I haven't really done my own research. Trying to understand the fed minute. Are they saying reverse repos will now be capped at 500 billion uh.

The main takeaway i saw was that about the tapering, not necessarily commentary on the repo, but i didn't read through all the minutes. What is this matt? Do you think the will pound down friday to kill the call in the money um? I don't know really really don't know there we'll see, i mean, because we know that there's more institutional money flowing into amc so as much as that's likely, the of them pounding it down to get more of them from more than ones that are in the money To actually be out of the money and expire worthless, i could argue that there's other hedge funds, who want the exact opposite to happen, they might want to push it up. So some of them that are just barely out of the money end up in the money will amc go plaid. If so, can we get some tesla heads to get in here? Go plaid! That's funny bought seven more shout out flying acorns.

Can you look at sofa sure, let's check out what sofi is doing so far so far so far? So if i is looking good, it's up five percent on the day, but it's daily chart leaves a lot to be desired. It might be bouncing off of this support around 14. Maybe if it gets back up to 1560, you could be looking for a gap. Fill play up to 1680, that's possible, but man.

This has just been in a perpetual downtrend. It shot up. Downtrend try to make it back up, but a lower high then got hit again trying to make it back up got hit again uh, not it's not showing signs of a strong bullish trend by any means, but hey. This might just be the dip by then.

But it's very close to some of its lowest values, but i do really like how it's at an important support. 14 seems very, very good on it and if that's your risk and you're risking 50 cents for the potential of 10, the potential of 14. That's a good risk to reward setup. I just don't know enough about their business model to understand why it got hit so horribly.

I don't think it's that much of a shorted stock is it. Let me look into sofi so far, but if you're a fan of the company and its fundamentals, i mean you want to buy it on weakness. You want to get in when it's cheap, not when it's expensive uh, it doesn't have a considerable short interest. Its short interest is 5, 5.6 percent.

So it's not a heavily shorted stock, so i don't know if i would be looking at it for a short squeeze play. So this is more of like do you like the companies? Do you like its fundamentals? Do you like the direction of where it's going and if the answers to those are yes well, yeah? Obviously you want to get in on a discount and in more of a short term trade you might be looking at that gap fill from not like from what about four days ago, uh. So there's potential here, maybe not my favorite setup, but i might like it more if i looked into the companies their reports and what they are aren't doing 75 of my amc shares in hood and want to transfer them, but just not sure of how that works. With timing, access and ability to control in the event of a major up or down move in the interim insight, you cannot touch your shares during the transfer and that could take multiple days if it's transferring it's somewhere out there in the ether and you have no Control over it, so eric i mean you said 75 is in hood um.

If you want to transfer out, i mean i don't know, what's going to happen, but most of these transfers, depending on where you go, some of them are done as quickly as two days. I think, based on the amount of shares that are on loan right now, the squeeze itself, in my opinion, will be a multi-day affair. It's not like a quick, oh, you only have a five-minute window to get out. It won't be that quick.

In fact, it'll take longer, so if you start the transfer now eric, i personally think you're going to be good, but obviously understand that there is some risk in that decision, because during the transfer you cannot touch that position. You have to wait for the transfer to end charcoal versus propane thoughts, uh i'm on a propane grilled now, but i think charcoal is better. I do think it's better. I mean something about, it makes it more fun, but i am currently using propane myself.

Someone just said it took four training days for robinhood to fidelity. Other people said two days, someone else just said three days. Someone said three weeks uh, but the person who said three weeks - i don't know where they were transferring to. If you want, you could not transfer, and you could just do all your future share, buying on a different brokerage because remember robinhood, weeble and any brokerage no brokerage stopped anyone from selling at all.

Ever it was just people who were trying to buy, but that's why you can get on another brokerage. Show this concept of being worried about not being able to sell. Could it become an issue? Well, of course it could, but in my list of things to worry about it's so incredibly far down it, i just don't even think at all uh, it doesn't cross my mind. We have bigger fish to fry than this concept of not being able to sell.

No, we there's no precedent, there's no pattern of people stopping the cell, but coming back to you eric, if you really do want to transfer, i would just do it like asap. All right power hour is in about 10 minutes 10 minutes initiating my portfolio from robin hood at 10, 30 and everything was transferred over when i woke up the next morning to fidelity so they're. I don't know i'm getting like differing reports here. I never have gone through the transfer process myself.

I just found it easier to just do all my share buying on a new app. It was. I didn't want that down time and i get it the argument there is that there could be certain tax implications, but it just i don't know. I guess i didn't really care about it - that much didn't really care about it.

That much uh your thoughts on body, in my opinion, great company and undervalued, undervalued beach body. Well, if you think it's undervalued, i mean it yesterday completed a gap fill and it showed a little bit of strength today, but it is also coming off of an all-time low three days ago, so maybe it'll eventually break out of this trend. Uh you're, definitely buying. On weakness, which is an ideal thing to do, if you like the company, you might know more about it than i do, but overall, if you're happy with its fundamentals.

Well, of course you want to pay less for it. You're shopping on discount propane for convenience, charcoal for taste yeah. I would agree with that. I would agree with that.

Tmi just asked charles payne to join her fantasy football league all right. What else do we have going on kelly, ripa or charles payne um? If we were just talking about, i guess, life secrets, baking secrets or whatever all that just good morning, america type like a good morning show you got ta, go kelly, ripa, obviously, but anything finance related or judging from his social media. He also seems like a guy who he knows a lot about grilling a steak. So if it's like barbecue, related or finance related i'd go with charles payne matt, do you buy kryptos yep? That's why there's the crypto brokerage right above me, voyager uh? If you haven't already, you should definitely download voyager and if you want to get free bitcoin, when you do your first 100 trade um, it has to be in total, 100 or more put in the code.

Matt 21 and you'll get 25 worth of bitcoin. So if you trade, 100 of anything, including bitcoin, you'll, get an extra 25 which is a nice buffer to just be built in, but that's a phone app, so you download, voyager and then just type in that code. My name isn't justin grenade french house, i'm telling him i have on speed, dial, rich greenfield or charlotte uh. I don't know i would just.

Can i choose to go against both of them. Normie pants tracy, vain, chair, tough decisions, tough decisions, uh pretty sure beachbody - is a pyramid scheme. I don't think so at all i mean they sell a lot um. I believe a lot of their revenues just from their subscriptions and people watching their videos and that type of thing a pyramid scheme is just bringing people in who have to bring in more people - and i know that's part of it - the the some of their coaching Model uh the beachbody coaches, but i think a decent amount of their revenue is from the products they sell.

Specific specifically, like those video classes, kramer tweet, look at cramer's tweet when people when everyone's telling me to look at kramer's tweet, and i see a lot of people saying lol creamer. All right who do we have? Are the apes selling gamestop to get ready to buy robinhood? What is this guy pumping man who comes up with this? No one in their right mind people who own gamestop legitimately over their dead body where they sell gamestop to get robin hood, especially with like gamestop and what happened in january and that one kind of at that time being the main one that they stopped trading on. Um they stopped on all, but like the sentiment at the time, everyone was watching gme and it was absolutely crazy. No, no! No! No! I can tell you this is so no what i know you probably shouldn't engage with it, because that's what he wants, like you.

Only put a tweet out like this to get engagement, but that's no. No, what absolutely not absolutely not that's so silly all right. What else do we have going on? Wait? Did charles payne just join our football league, so the mass investor hr was paying. I have one more spot left for my fantasy football league with a bunch of silverbacks.

The spot is yours: if you're up for the challenge, so it's tmi trey me review, dork, jeffrey forbes, short to vix, uh maker lev and then keenan, and he just said put me in i'm taking the underdogs each week. If he actually joins this league. That would be phenomenal, we'll just throw that a retweet that is hilarious, absolutely hilarious, all right. So where are we at? Where are we at franklin franklin? Come here franklin what's up buddy, what's up buddy, what's up buddy who's excited, everyone was wondering where you were all day.

Oh, what's going on franklin, what's going on franklin, you want to hang out here. You want to talk about some stocks. Frankly, you want to talk about some stocks franklin. What is your opinion on apes selling gamestop to buy robinhood? You think that's realistic franklin.

I know i know you might not have been invested in the market for a while because you are very young, but i still think you even know the answer to this one. Buddy huh, you know what don't do it don't do it? We got ta be perfect. We got ta, we got ta, be professional. We got franklin, we're running a show here, we're running we're running a show.

We can't do this right now we talked about this last night. He just never listens, he just never. He never listens just chill out. Man act like a professional, just take a nap or something all right: amc at 37.29, jimmy at 158.77, robin hood, which is allegedly being sold for gamestop being sold for robin hood, which is an absurd asinine idea.

I wonder if that's some he's just so the things he like tries to pump and say and do jim cramer blows my mind blows my mind all right: let's do a quick vortex check on this. Do a little bit better mike here, all right amc. There has been a net return of 1.26 million shares on amc short interest of 17.85 percent uh. Some people were asking about some of the other data points that we haven't talked about in an amendment.

Let me show you those so here's the trend of shares on loan. With the craziness of this bike. There was around 138 139 million shares, then um, then we came all the way down to 78 million and now we're back up to over 100 we're at 106.. So that's this trend of the shares on loan uh.

I do want to show you the cost to borrow new right here, so the cost to borrow has been going up ever since august 3rd from 1.15 up to 2, and so that's going up and that's actually expensive, like relative to stocks in the market. That's actually an expensive cost to borrow, but just so you know, we've seen sky-high values in may i mean we were looking at some values around 169 percent, so amc has been a lot higher, but even now, at its relatively lower levels, it's still high compared to A quote-unquote normal stock and, once again, that's for cost to borrow what else a lot of people like to know the average age the average age is now up to 46 days. So the average age of shares on loan is 46 days so over a month and a half kind of impressively high honestly, but that's been trending upwards ever since what is this june 24th? It was at 31 days so trending back upwards. So we're kind of seeing this overall pattern of let me map out various things for you.

Let me go back in let's go to the sixth month, but if you can see ever since mid-june to the end of june, when you look at the estimated short interest, the shares on loan uh, the and the average age of those shares on loan. All of them up up up and away the other one i want to talk about utilization, also been coming up. Utilization june 11th went from 78 and now we're at 90 previously we're at 94, but still a very obvious trend upward. Once again, that's utilization and the other one, the other one i see is the number of loans, the number of loans.

So obviously that is somewhat dependent on size and everything like that. But the number of loans has gone from 7 15 uh and that's for, like on day the individual loans and now we're back above a thousand, and really i mean the goalie of right before this huge run upward. That was at a thousand like we were actually above that by a hundred a couple days ago. So, overall, a lot of these different pieces of information are pointing to the same thing mid-june to late june.

Uh, all these things have. What are you doing? What are you doing? I've just been trending upward upward upward. What is this who's? A good boy, who's, a good boy, um and franklin agrees. This is franklin certified information.

Amc for just my listeners is at 37 27 right now. Gme is at 158. Amc has had a volume of 52 million, that's good uh, especially because power hour just started: ding ding ding start of power hour. We have about a little less than 60 minutes left and gme's volume is low, it's at 1 million and that is kind of picking up.

You can kind of see the some of these discrepancies right here. If we look at the last six months, let's get this off, you could just see how low the volumes got, and this isn't isn't even the run up the big one. This was from march, i mean some of these days. We were training, 71 million, 28 million, 25 million, 16 million 37 million, and then in the next push-up we were trading 15 million, 14 million, 20 million, 10 million, 3 million and right now, some of these days.

Anyone that's like just below a million or at 1.5, like some of them, are just pathetically low. So i kind of want to see it and we've been here before: we've had some of these lower 2.743 yeah - maybe not this low, but hopefully it just is a little bit of some consolidation, maybe just a period of consolidation, just the natural ebb and flow. So i'm hoping that this low, like eventually, especially as we get close to the end of the month, start off september labor day people are returning from their vacations. Hopefully we see some excitement returning into this stock.

I would love for that to obviously happen. Thoughts on 445 calls for spy 820, just opinions um with that. You better feel very, very confident of your knowledge of what's going on with these fed minutes, because between the fed minutes, the delta variant and the situation in afghanistan, specifically kabul, there's a lot of things that will impact the s p 500, outside of just the technicals. It's weird for me to give any technical breakdown of the s p 500 right now, when it's so driven by external factors.

Right now should blow some new subs mind roll back and show the world how far away the black wall really is. Oh so this one that was always a bigger one. This one isn't too far away. I guess it is.

This is like decently far away when but yeah, i think the way the camera, the camera lens is it's a little deceptive of how far things really are. In here whoa charles payne tweeted, he isn't in on the fantasy football league. It's so funny. Gon na crack me up gon na just crack me up.

Whoa tiny man, tiny mat treats for franklin. His treats are upstairs. I like to give him his streets right after we have some fun walks. While you have twitter pulled up tagged you in a one chip challenge shameless plug.

Let me see if i can find it, i'm always hesitant to bring up my notifications on stream, because you never know what you're going to get tagged in and now my twitter is behind the one chip challenge i mean i just think they're like super spicy. Let me try to find it, i'm just getting tagged in a lot of framer things right now. What else are we seeing he's just looking for attention? Martin, i'm not seeing the one chip challenge. Oh, this is too funny.

You guys are hilarious, hilarious, don't forget! Hydrate! Hydrate hydrate, i was going to say we should stand for power hour, but obviously with franklin. I might be sitting here for hours until he decides to get up.