Foreign, hello, hello, hello, hello. I hope everyone had a amazing weekend good morning today is monday september 20th. I think this summer is almost over and we're heading like officially from uh. I guess a lunar standpoint or whatever that standpoint is whatever those whoever makes up the seasons feels like we're heading into the fall.

Well anyway, i hope you had a great weekend. I truly truly drew. I hope your fantasy footballs did better than mine. I hope your hometown professional football teams did better than mine um we're waking up to a pretty rough market.

I am not here in any way to sugar coat. What is going on if you looked up and if you woke up this morning, you know you like kind of cleaned your eyes out you're like oh. I wonder how the stock market's doing today and you opened it up, and you looked at amc and jimmy you're. Probably like whoa, these numbers don't seem right and then who knows? Maybe you hit him with a oh brother, it's gon na be one of those mondays could be, could be, could be, could be and then there's a chance.

You probably looked over and you saw what was going on in the russell 2000 you're like oh man, that's down by two and a half percent. The s p 500 is down by one point: six percent, the nasdaq 100 is down by one point. Eight percent is this: this is the action we're seeing in amc and jimmy right now, amc is down. Six percent in pre-market.

Gme is down four percent. This is, it is tied to the overall market. This is 100. This is not an amc, gme specific type of a thing: this is the market is going haywire uh.

So for this morning i do want to kind of dive. What's going on with the market and there's a good chance that my update video tonight does not relate to amc and gme, it will gently uh, but more so relates to like hey, there's a lot of questions of what's happening. Um, i will, i see more people talking about this negative beta, also touch on that um, but really this all started with uh evergrand. So what you guys need to know about evergrand and, like i said i will have a standalone video on this evergrand is a big real estate development company within china.

Uh i mean some, i mean it's a big big company and it is a company that has quite a bit of debt, we're talking about 300 billion dollars with the b and like it's a huge conglomerate financial conglomerate of a real estate company. I believe it can represent up to 15 20 of the uh. I believe i read 15 to 20 of the nation's gdp like it's insane, it's ties and that's why a lot of people are calling it like the equivalent of the lehman brothers event here like where just one giant company gets caught gets hit, and it's just not. It's not a good situation, so, let's dive into some facts and figures all right, uh overall, this is for the self because i mean even crypto's gon na hit.

This is bitcoin bitcoin trading at forty three thousand ethereum trading at three thousand cardano trading at two dollars and hex trading at 40 cents. So before we get into these facts and figures, i do want to start all this off by reminding everyone be greedy when others are fearful be fearful when others are greedy with this, i want to see how the stock market opens, but i do believe that there Is an additional sell-off ahead of us? I don't think we've seen the bottom quite yet, but this is the time where you have your extra capital that we've been working to develop with bbig a and y sbrt. These are the exact moments that we work on developing extra capital. So when we see like the red light discount sale going on in some of our favorite names and tickers, that's your opportunity to buy you don't buy when things are ripping you buy.

When things are dipping, if you like it, why would you not want to buy it on a discount and right here we're getting one in my opinion, obviously i'm not a financial advisor, i'm not a lawyer, i'm not really anything, i'm not a fortune teller. I have winning trades, i have losing trades, i'm not even one of these guys that can kick it all off and say: hey like i, whatever, like turn this amount into this amount, hey i'm here for stock market commentary, i'm here just to hang out with all Of you and talk about what's going on and see if we could come to some better understanding of a true situation and get a better idea of how we can or maybe don't want to do things. But right now my own opinion - and this is in no way for anyone to copy. I see weakness.

I think we're going to still have a bit of weakness and eventually i think this will lead to one of the best buying opportunities we've had in quite a while. I like shopping on discount. I don't like shopping when things are being overpriced and right now, as you can see from some of these charts, starting to look like a bit of a discount, especially in the overall market. So now, let's dive into some of the things that like is causing the market to go down the first one is definitely evergrand but uh.

There are some other things. We need to know about investors, fear of contagion, sweeping financial markets from the troubled china, property market. Hong kong equities saw a big sell-off during the asia trading session. On monday, the benchmark hang sing index, plunged 4 with embattled developer china evergrand group on the brink of default, so this stock just had its most recent close um and it was the lowest it's ever closed.

The stock has dropped more than 90. I think it's gone from like 20 down to two. It already had debt of 300 billion dollars. I think there's a holiday going on in china right now and their debt is coming due and they've basically set out all these messages.

We don't have the money to pay our debt, it is not good huge company, no money, big ties, big debt, big situation. I would not be surprised this. I don't know i. This is the exact same that we saw in 2008.

It really is uh. We we have these guys that they just think they're. That, like i mean this, is the saying for the people from enron who was like a whole nother debacle. They just think they're so smart, they think they know exactly what's going on, they don't think anything's going to mess with them and they don't know what they're, like the one thing that i've learned in my own recent insanity in my life of the past six months Of now that i've gotten here uh and as you go a little bit higher in social media, you start to get connections, and you start talking to people and as you're more and more interconnected, i mean the amount of conversations i've had now with people that are Higher up in wall street that i would have never had connection to what's weird and uh to a lot of you that maybe have lived uh more life than i have at this point.

Maybe this is like. Oh okay, yeah like we know that, but maybe maybe this will make sense to the people younger than me or at my age or maybe it'll just reaffirm some people that you knew this, but you didn't necessarily like i, i guess have it confirmed in a certain Sense, it is scary, some of the power levels people have in this world when they still don't know about what they're talking about. There are many many people, and i you see it on all scales. I don't know if it's your company or your local government, the world government, these business leaders.

There are a lot of people, not all of them, a lot of people who have way too high of a position way too much power that do not know what they're doing they got there simply because they were there. They were there at the right time. They put enough company enough time into the their company they for whatever reason won a special political battle like whatever it doesn't matter, but there are a lot of people, and i know this is not surprising to many of you but um. I just want to inform you that i mean now with me.

I always assumed it and now i just see it firsthand. There are people with a lot of money and power who don't know what they're talking about, but they don't really know that themselves. They feel as if, because they have money in power that they did something exceptional and right in this world, and they think that they know more and that's like where we kind of come into this entire ideology of elitism and it happened at enron. I mean it happened at long-term capital.

It happened at lehman brothers, it's all these people that just they think they know better and what's frustrating about it, and i i just i don't want to think about it too much because it's just going to piss me off till no all to no end evergren. The entire situation of how this came it's going to be the same as 2008. Folks, no one's going to get in trouble like it's. If anything's one person is going to make a huge killing off of it, the other people are going to like lose their jobs.

Someone's going to get bonuses and like they're going to get back they're gon na, i would assume i don't know some people don't think that the the the state party will save them. I i don't see how they don't, but no one's gon na get in trouble. No one's uh, all the investors in evergrand at this point, if they haven't gone out, i don't think it's done. I think this company will go to zero um.

The investors got screwed the board members. The leadership probably didn't get screwed. That's how this goes. This goes in the world that, when you're running like the person who should get in trouble, never ends up getting in trouble in situations like this, maybe i'm being pessimistic uh.

I think i'm being realistic, because i've never seen a pattern that uh differed in this overall situation. But who knows? Maybe this is the time that the person who deserves to lose money and deserves to get in trouble and deserves to get investigated for us to dive into how did someone take such a situation? Leverage it up that one real estate company in a country? That's not even the u.s has an impact on the entire global economy. To me, that's not a safe, secure system of it just doesn't add up, and no one's ever gon na argue to me that, like oh, no, no, it's good that it like no that's stupid. Why would anyone ever argue that uh to me, this is still just simply representative of the situation that there's too much inherent risk um of the way things are tied and with this risk it doesn't seem like any regulators are doing anything to try to like button It down um - maybe it's too slow moving.

Maybe we, i just don't have enough patience, but with this uh, obviously this is evergrand. I would not be surprised if regulations, at least from the u.s start getting turned up on companies that we have ads with such as alibaba neo. I haven't done it yet, but there is a very, very high chance that i take my neo investment because i am a fan of the ev sector. There's a good chance that i take my neo investment and switch over to a u.s company.

Just because, like i don't want to take on additional risk because no one knows what the not only financial but political fallout will be between the u.s and china, and this deal so right now, i'm personally i'm pretty hesitant about my chinese-based investments such as neo jd, Alibaba, i might be looking for a new home for those, but anyway so evergren. You need to know about that. Huge real estate company tanking, tanking tanking dragging a lot with it. On top of that, the federal reserve is beginning a two-day meeting.

Tuesday and investors are worried that the central bank will signal it's ready to start pulling away monetary stimulus among amid surging inflation improvement in the job market um. Before this evergrand thing, i would have been like okay yeah, that makes sense. Uh. Don't quite believe that they're going to do that right now, there's like we have the market hates unknown risks, it hates uncertainty and right now we have multiple things going on.

We have the ever grand situation. We have the federal reserve. We have basically some continued talk. So, of course, about kovid kova cases begin uh because of the delta remain at january levels as colder weather approaches so right off the bat we have three uncertainties and really the market doesn't even like one major uncertainty as in you're putting in the federal reserve and Covet that's why things are down right now.

People are going risk off risk off means, basically they're, just switching it over to cash, and i think people are trying to become cash. Heavy right now, capital heavy uh they're worried about their own liquidity levels because they're looking to shop on this discount, i think a lot of people are pulling out very close to relative highs, they're waiting to see how bad this gets when it shows a little bit Sign of cooling off and the momentum turning back around, i think that's we're just going to see all the capital that's being pulled out, get ejected right back into the market. So for me i don't look at this like i, i can sit here. I can empathize sympathize with all of you.

It sucks when you see all this red, but i truly believe, and who knows it might happen as early as today it might take a couple weeks. I don't know: that's like you have to kind of pay attention to the market to see what's going on there, but i very very much believe this. This scenario that we're seeing right now september - maybe it bleeds over into october. I truly believe we're about to see um a great great, great, buying opportunity and hey if you're more of an active trader and you're trying to make money playing it both ways.

I mean good luck, um, i think you could crush it. I mean you can make money on the upside down side and also when it's doing nothing. So if you're trying to make some quick intermediate trades just to build up your capital, hey it's the same thing as i'm always going to tell you mind your risk, pay attention to reward and don't be changing your trading plan like part way through the trade. On top of that, we have some seasonal weaknesses.

September has the worst track record of any month, averaging at 0.4 percent decline according to stock traders almanac. I talked about this in my update video yesterday seasonally, the second half of september is very, very weak, so we're fighting against the evergrand blowup, the federal reserve, covid and seasonal weakness. Investors are also concerned about brinkmanship in dc, as the deadline to raise the debt ceiling approaches. Congress returned to washington from recess rushing to pass funding bills to avoid a government shutdown um.

Maybe i don't know enough about the government and recess and taking breaks and weekends, but like seriously what the like are you kidding me taking a recess or breaks like our debt ceiling figure it out. This is what we elect them to do. All of them like this, they get paid so much. What is it? The lower levels now are getting 175 000.

Do your job don't go on, reassess, don't take a break, this concept that they they're running the us government, which is so incredibly important to the global government. Do your job like this concept, i don't know how long the recess is and this income this concept that they they could be like, shut down. All right do it. This is what we elect you to do.

We don't elect you to like just screw off and, like oh we're, taking this break, we need this vacation. I got ta go hang out with my like you're, a an elected government official figure it out. I i i don't know enough about it, but hey i'm! Not a political official, this is what i elect them to do. I elect them to figure out these problems, for me, that's their job.

I do my job. I sit in front of a camera and i yell at it in my basement all day and if uh, an elected official wants to come here and listen to me, i'm here i do my job, i elect them. They should do their job figure. This isn't a surprise, it's not like it's not like they uh they got to september and they're like oh, i'm like.

Oh, i didn't. I didn't know about this, like this uh debt ceiling thing coming off in october, like don't, they have some sort of like a secretary or something to be like hey guys, uh this. This is coming up next month kind of a big deal. Maybe we shouldn't be pushing it to like one and two weeks before guys like i, i don't.

This is in no way a surprise. They knew it was coming. Figured out figure like give yourself a little bit of wee way like i just i don't know they. This concept of them trying to push everything to the last second to get anything figured out.

Man, it's frustrating man, it is so frustrating you know what i don't get about. Any of this is, if you did this at your job, if i did this at my previous jobs, you know you get like fired like that's. The craziest part is, if i underperformed this horribly they're, like hey yeah like okay. If let me put it this way, let's say you work out: whatever your company is and you you know this entire thing, like you, have a big big project coming up in october, huge project coming up in october, and you know about it forever.

In fact like it is, it is highlighted it is starred. It is on the calendar like it's on the map. You know it's coming and then all of a sudden in late september, you go to your boss, you're shareholders and you're. Like oh man.

That's a tough one like dude figure it out. It is your job like blows my mind anything else, the crap that any government official gets away with like it would get you fired elsewhere. That's what blows my mind is it would just get you straight up fired any any business owner in here, you'd be like yeah. I know if i had employees like that that, like just con, continually pulled this crap time and time again fired easy, fired all right.

Uh five things you need to know before the market opens dow set to drop 600 points and global markets off. We just went over why evergreen troubles could spread beyond china. We know that look at our market yellen issues, new call for increasing debt ceiling. Surprise.

Surprise! If only they could have figured it out, bond yields oil cryptocurrency under pressure yeah. So the reason everything's selling is people who are going cash heavy. They want that capital. They want their own money ready to buy the dip when things start turning, so people are selling everything instantaneously, everyone's trying to go risk off and be cash.

Heavy uh pfizer says covid vaccine safe works for kids 5 to 11., that is from pfizer and their partner with bio and tech all right just so. You know all that good stuff going on. Let me go over amc and gm specifically just so. We all know amc are bouncing off of 40 50.

At 41.75 we have gme at 198 iwm bouncing off of two 1650 up a dollar to 17.50, and then we also have the s p, 500, bouncing off of 433.50 up to 435.. So, as we're heading into market open, we have about 10 minutes. They um we're seeing a little bit of amounts, so hey i'll, take what we can get. I would rather this turn around sooner rather than later, but, like i said, uh, it's gon na be a highly volatile week.

There's going to be my short-term thesis just for the overall market um, i think there's going to be some weakness this this week. I don't know how long it's going to spill. I just want to say: hey like i'm, not myself saying. Oh no! This is the buy opportunity right out of the gate.

I think there are some people who are not engaging in pre and post market who are probably like they don't know what to do. We're waiting for market open um. But i that's my initial thought and obviously amc and jimmy don't have to trade in the way of the s. P.

500. In fact, that's you're going to hear a lot of people talking about beta and negative beta and positive beta and beta beta and every other thing related to beta. Just so you know, if you haven't heard this term before beta beta, is a stock. How well or inverse a stock is related to the s p.

So if a stock has a beta of one, that means it moves pretty much in lock, step with the s p 500. There's a good chance that something like apple has a very, very close to score of one with its beta value. Like apple, has a beta value. I would assume - i don't even know it off the top of my head, but i'm willing to bet that apple may be slightly better.

Maybe it's a little over one if i had to guess, but anyway, if a stock has a beta of one, it's going to be highly highly related to the s p 500. If it gains one percent good chance that the stock gains one percent. On the other hand, if the if something has a beta score of like two well, that actually means that it does more so like. If the s p 500 goes up, one percent the stock would go up.

If it goes down one percent, it would actually drop even more it. A positive one score means that it's directly related to it, and if you go above it, it means it's more of an extreme like some sort of multiple involved by a linear basis. Zero means there's no relation and negative one. A negative one would mean inversely related.

So if it goes up one percent, that means that the stock would go down one percent and then, of course, if you go even more negative, that would mean that if the stock market goes up, one percent, this stock would go down even more than one percent. But anyway, so beta, it's a stocks relation to how it behaves relative to the s p. 500.. So one of the interesting things here is there's a very, very good shot that, at least with in terms of amc, i've been seeing this that a lot of people are pointing out negative beta.

Well, beta can be done on different time frames so, depending on the time frame for amc - it's it's not. I mean, i guess it's right. It's like kind of i don't know it's kind of like schrodinger's cat, like it's kind of right, but also kind of wrong. Amc it could have a negative beta.

Yes, i see a lot of people saying that and they're not wrong, but also tell me the time frame, depending on the time frame, amc right now like when i was looking at it this morning. Amc could have a positive or a negative beta. It all just depends on the time frame that you're comparing the two, because that's all beta is there's a comparison between the s, p, 500 and an individual stock or etf or whatever. But yes, amc for a certain time frame has a negative beta for other times frames.

It has a positive beta, so you can't say it just exclusively: has the negative beta and like leave the conversation there uh it's a bit more in-depth than that, just just so. Everyone knows, but anyway, in terms of the numbers form or text for amc, they've already borrowed 194 000 against it short interest. 19 utilization 91.64 shares on loan of 106 million gamestop uh they've already borrowed 38 000. This morning short interest is 12.3 percent utilization 33.75 and shares on loan of 6.68 million.

So that's just your short interest numbers, but right now we can check on these and i'll check on them whenever people really ask, but it's not amc and gme today is not being driven by retail people and it's also not being driven really by. I would say individual hedge funds, banks, institutions, making in amc and gme trade. The market today is going to be driven by individual stocks, will be driven by the overall market, we're watching the spy we're watching iwm um. This is what's going to be leading people today, especially with like the uncertainty of everything we'll be watching the overall markets, nothing, whether positive, negative or somewhere in between uh.

It's not going to be too related to individual stocks. On this particular day, it's very much overall market are people risk on risk off. So that's what we'll be paying attention to for my own training plans before the market opens. I want to see how things open if we see this as a quick fluke and people step in and buy and just start pushing it up, i'm going to hold everything.

If not. If i see weakness, i myself want extra capital, so i'm gon na sell my a-n-y position potentially i'll. Let everyone know if i do i'll sell that so i have extra capital to buy more of this dip at an opportune time. All right.

So we are getting ready to rock for the day. We have a couple minutes. Let me get to some of these questions before we get going. Hopefully we use this opportunity to get off china, unfortunately we're not in the position to capitalize our economy on china's folly.

Uh shows we are far too dependent. Scary evergreen is liquidating to pay up on their 300 billion in debt. The fences pay up on to your us contract, so they'll need to sell pay up uh. I i don't think they're going to be able to come up with the 300 billion.

I truly don't uh that that's a billion with a b. I don't think they're going to be able to liquidate it. Uh they're trying to sell a bunch of unfinished real estate and who wants to buy that, especially at the current elevated real estate market prices. It's not a good situation.

What are your thoughts on cheap? Don't have many thoughts on cheap if retailers own 80, before any of the institutional buying via 13s. How can you price go down if retailers say they are holding in institutions have to file 13 fs to sell who is selling um paul? I i think, there's a a lot of confusion, so we didn't necessarily. There were institutions involved in amc before the report in early june that individual retailers owned 80 um. So that's the first issue right there.

You don't have to file new 13f. When you sell, you thought file 13 fs every quarter, not when you sell. How can the price go down if retailers say they aren't holding because holding in no way impacts a price, the current buyers and the current sellers are what move the price? If, let's say, there's a pool of 100 investors and 99 of those investors refuse to sell - or let's say, 98 um and then out of the other. You have two people left over out of the 100.

You have 98, who are like. I don't care, i'm not selling, it's those other two people who are actively trading with each other that are going to decide. The price holders do not decide the price of a stock. It's the current sellers, the current buyers, people transferring stock to computer share.

What is it um, so computer share, i'm not honestly um, i'm not the biggest fan of it and i'm gon na explain when the after the market opens. For me, though, it's just not agile enough, i mean. Sometimes you have insane days like this, where you want to get in and out quickly registering with computer share, inherently slows you down, so i'm not the biggest fan of that beta can be very lucrative study. The trends and learn and youtube can become a master data trader.

Is it better to keep options with a 50 strike october 29th or move it to shares, considering they've lost 40 value so last week i mean i announced when i converted. My amc calls over to shares because just i mean not even with this i mean we saw the volume and volatility drying up and when you see volume and volatility going against you, you don't want to be in options. Market gon na be looking like a sing-along. This week follow the bouncing ball and buy the dip thoughts on sdc wait.

What is smile, direct club doing it's showing strength. It looks like it's gapping up, hey, i mean it's still if it can hold. I like that. I mean relative to everything else.

The fact that sdc is up 5, i mean that it would be. Do you know how much more this would be up if the market wasn't if people like weren't, just overall freaking out about the market, um, that's impressive. I have no sdc position and there's a chance. I won't um, not because i'm necessarily against it.

I admit it's looking strong um, i'm in right now, i'm in capital preservation mode. I want to build up capital and look for the dips to buy but hold on ding ding ding. The casino is open all right. Folks, let's see what's going on here, is it real or is it fake? Let's find out, let's find out how panicked are people or aren't people? You never know you never ever know all right just so.

Everyone knows uh for opening up amc's at 42. Gme is at 198.50 and in terms of iwm. We do have support at 2 16 and then more support just below 214 in terms of the s p. 500 uh.

Now we have a huge gap above it. I do think this will eventually get filled, but i think there's a reasonable chance that we're coming back down to 431 right here in the s p. 500.. That's what i'll be watching, but let's see how this goes today, um.

I know a lot of you watching right now, maybe don't necessarily care about the s p, 500 and iwm um. We should uh just because you want these to go green uh. You don't want people to be so risk off like if the the market goes down. There's just people are less willing to invest in stocks such as amc and jimi.

I i would prefer to see everything in the green um i i know some people are putting up the theory and the thesis that if the stock goes red that could induce margin calls on amc and gme and that's true uh. I don't, i don't think, that's necessarily wrong, but also if the market goes down, that could cause people who are large into amc and jamie blackrock vanguard to just sell and we don't want them to sell uh and remember, there's a lot more people long on the Stock than there are short on the stock, so you got to be careful of what you wish for. In that scenario, uh matt i need to buy some puts to hedge. I think s p not best choice, because they'll get held up by big tech.

What would be more indices would be more vulnerable, big dip, russell um yeah, i mean you're, not gon na, have a big dip in the russell 2000 or yeah big tech in the russell 2000. So if you're concerned about big tech keeping it up, i mean you could target iwm or you could target potentially some other real estate companies with everything going on. Is there even the slightest chance amsteen can close out green today, yeah the slightest chance nothing. It doesn't just because other things are red doesn't mean amc and jimmy have to be red that there's that's like not a rule.

Uh matt have been a long hurdle on fsr for some time. Could you opine i'm thinking about shedding and putting buying into probable sale? Today, in the amc, um fsr is what you're asking about yeah. It's not looking the best. There is some support at 12, 25.

Obviously, additional support at 960. um i like fisker. I do, i think, there's better ev plays um yeah. This has just been in a downtrend ever since the 20 range down to the 13 range um, i don't know it's with it.

I would still think of them independently. I wouldn't be like. Oh, i want to get out of this. Just because, like we don't know, if today is like this dip might be more than one day folks like it, it doesn't necessarily have to recover.

Today. I want everything to recover today, but that's why we have to sit here and be patient and wait for the buyers to step back in um. This is definitely why i think it's worthwhile to check out those those update videos that i post on this channel for amc. We and also gme the macd recently crest crossed over into the bearish red territory uh.

So with it the the bears currently have the upper hand from a technical perspective. We are waiting to see the bearish trend end and the bulls just starts like stepping in and that's kind of what i'll be looking for, and it could happen on a moment's notice and that that's what trading is like you have to be there. You have to be village vigilant, you have to be ready for opportunity and you wait. You wait and you wait be like a sniper, wait for your trade, i'm not going to rush anything whatsoever.

Let's see how today plays out on this one. I do think fsr looks weak in kind of the medium time frame, but i am still a fan of eevee, especially american ev companies. Yeah, the vix is up quite a bit. That makes sense.

Vix is the volatility measure of the s p. 500. When you have the market gapping down more than one percent, it is very natural to see volatility spike up by a considerable degree. Um, if you want to trade volatility, volatility is up 20 vix is one uh.

Vxx is a measure of vix. You have u v x y, all these basically measure volatility um. Some of them are leveraged. Some of them like have their own little different flavor to it, but basically it's going to move inversely to the s p 500, especially when it gaps down, because that does represent quite a huge spike in volatility uh.

So vixx vix is the measure of volatility in the s p. 500. All right, but we are already seeing buyers step in the s. P.

500, push all the way down as low as 434 we're up at 4. 35. 80.. I do want to say we are not out of the woods look at the russell 2000 um.

It is not holding on at the moment, but hey amc, you know nothing's ever guaranteed and you can't say because of this. This exactly has to happen, but i'm just curious if we're in a weird scenario, where amc and jimmy's disconnection from the market from being a normal stock, i think could actually benefit us because there's a lot of amc, gme apes, who i think are very very interested In iwm - and excuse me my apologies kelly ripa - would never do that. But anyway, i think there's a lot of apes and retail people who are involved in amc and gme and they're here to learn about other markets and what's going on and they might actively trade. Those but the fact that amc and gme are already so disconnected from the typical behavior of a stock.

Who knows, maybe if the overall market shows so much weakness, but the apes are like. Oh okay, like that sucks, but i still love amc and gme. I'm almost curious if they can hold and the rest of things sell off. I wonder if people are going to be like wow.

It looks like these meme stocks are a better store of value than the overall market. Uh one possibility in no way a guarantee, but definitely a possibility. Uh save bulldog trading youtube killed our channel and we have fought for you guys three times in a row. Please help our community um.

It sounds like bulldog trading uh. It sounds like youtube took it down. I don't quite know why uh, but also just from my own experience, we don't they don't necessarily have to have a why so uh. Let me see if i can find it.

I i'm assuming that they're going to be on twitter folks. If you're on twitter i mean, and if you want to fight back against youtube, just taking out channels, maybe just quickly twitter search, bulldog trading, um, i'm hoping i'm hoping that they already tweeted about it. But hey um i mean if i can use my platform to help save channels that get ripped away from other people. We should be doing that apes, help and apes power.

E-Trade is telling me that no tickers have options anyone else not seeing options good morning matt. Any put plays for us today seems like the market is more in favor of that now any eight dollar call is killing me and he's at six bucks yeah. I don't like that. Um.

If i i mean uh my futures, not a stock. My futures, i am uh short against the s - p 500, just as a hedge for my overall portfolio. If i thought about it a little bit more thoroughly, i would have instead preferred to go short on the russell 2000 for a quick trade. But uh we'll see how this all plays out.

Amc shown some strength on the intraday basis, especially with the russell kind of vomiting right now, amc on a relative basis showing quite a bit of strength, jimmy at 198 amc at 42-36 uh russell 2000 looks like it might be breaking down, but s p, 500 is Holding up stronger than the russell 2000, in fact, on an intraday basis, the s p might be pushing a new intraday high here pretty soon matt i've been all right. We did that uh bbig wish all right we'll check those out. I need to buy. Some puts heads all right: we did that sweet all right, let's see, what's going on so honestly, amc looking kind of good on an intraday from opening till now it's pushing an intraday high.

Perhaps let me mark this out. Why don't i have this? The current amc intraday high is 4283. Gmes is 202 and hang on. Oh, you know what i need to do shoot shoot here was.

I should have thought of this before, like i said, i needed some extra capital. Oh i got demolished on any all right. So here's what we're going to do we get rid of any i'm dumping, all of my any if it ever goes. I don't know why my orders aren't and i just want to free up some money for some dip buy opportunity, because you never know when it's gon na come.

You never never know all right. I have a little bit of money, not as much as i want, but just want to get ready in case this dip dip is what we need, especially on amc and gme, especially if it's exactly what we're looking for all right. How is bbig doing today, bbig um, got hit this morning right at support fighting back uh this one for me to be excited about bbig. I would need a whole another trading day to break above whatever today's high is so and then wish is not looking good right now.

It's at support, at least if it breaks below the august 19th low. That's not a good deal and you're looking for it to get back above 750., all right, so we're seeing amc, flexsin people buying the dip all right all right. All right. I like that.

I, like that, the russell 2000 trying to fight back you want to see the things on the bottom of the screen, the russell 2000 aka iwm, the s, p, 500, aka spy. You want to see these things fight back and that that that's representative to us that people aren't gon na be like you know what all right people got a little freaked out this morning, but maybe we shouldn't freak out and uh trying to get out of here. I see a lot of people talking about ater. What's going on there ater up 7.4 relative to the insanity of the day.

That's pretty awesome. All right ater actually really really shown some strength. Uh still don't chase it. I mean we're not even at 9 45..

Hey amc, making that run to 43 recapturing uh, a previous support turned into resistance. We gap down below it. Uh we're trading back up amc. Where would its gap fill play? Be we have a nice gap, fill up to 44.20 um? Definitely watching 4420.

That's where we closed out on friday, so 100. Looking for this doesn't necessarily have to be filled today, but i would assume sooner rather than later, amc will fill that gap ater looking good. What i would want to see on ater is: it comes down bases and then kind of starts to pull that u-turn. I want to see a continuation of its strength, uh z-i-v-o z-vo, looking strong, it's a biotech, so i'm not going to trade it, but it's intraday chart like this is the bend background.

I would want to see in ater ilus it's a it's a penny stock on the otc market. I would not mess around with this one whatsoever. Unless is there a different one? No that it otc stock uh trading. The otc market is, if you don't think our normal market has enough regulation and you're upset with like some of the things that go on.

You should never ever trade the otc gray market, uh sdc sdc, i mean it's up 6.6 on the day. Uh it had a bullish, pennant it broke, unfortunately, in the opposite way: lower highs, higher lows. Typically, these break upward. This one broke down it bounced, though very quickly, and now we're fighting back so we're seeing some strength.

I mean look at the s. P 500 pushing people are using this as a dip buying opportunity. Let's just see if this can hold uh able to send one of the team. My way in the mod discord, i think i found first potentially able to send one of them.

Wait club foot billy shouldn't you be able to kick him out one of the team. My way on the new, i think i found uh clubfoot billy if you're thinking that they're a greg just get rid of that greg, give him the old boot. Would you love your opinion on nndm been watching? Uh nndm was a stock. I was tracking for a bit.

They do 3d printing, but it's since gotten demolished. It just lost its enthusiasm. So now it's just a weak trade um. From a technical perspective.

It's just lower highs and if this thing breaks below 530, it's kind of gon na be dunzo uh. So i would be careful with it all right. Iwm beautiful push back upwards amc above 43. Let's see if he could take out 44.

uh got a question. Could a company cover up ftds if the firm that was receiving the shares said they received them even if they pretty much faming the books on both ends uh, i don't think the company would say they like. I mean that would be remember the clearing corp, the dtcc are the people who are like. Oh, the shares are here or aren't here type of a deal, so i don't think you would call the company, like it's the clearing corp.

That would notice the issue uh for those of you that join lake. Can you recap, what's causing today's volatility in amc in the broader market, yeah evergrand, a huge real estate company in china going belly up? We have the debt ceiling in the u.s, uh, coveted cases and then also the fed is speaking and they might be cutting back on the tapering of purchasing assets. So all four of them are four considerably sized unknowns. The market does not like unknowns all right.

I think we are good there, so iwm pushing. I love the strength in the russell 2000 and that's why we're seeing amc. I mean amc pushed off of 41.60, all the way up to 42.70, so we're up over a dollar and at one point was above 43. uh.

It's messing around at this previous technical level of 42.80. All right. What else do we have going on? I didn't even check that we're good okay yeah it is rocking on twitch and rumble should be working today as well. Perfect, perfect, perfect.

We are firing at all syllables. I got annihilated in my fantasy this weekend. I just pulled up my points. Oh, that was bad.

Hey that was a different league, but in the the youtube football league crushed it i'm two for two, so i beat um review dork last week and avi this week or but i guess this week's not over yet so i shouldn't be too cocky. It looks like we still have some things to play. It's been 30 seconds and you haven't mentioned amc. I just sold all of my tulips and bought puts.

I should have used this money for the dip and king magnetic. What's going on all right patience, patience, patience, especially on a day like today, it is just past 9, 45 right now, it's 9 49 um today, on days like today, i would extend my period of not creating a new position for more than 15 minutes. Truly, truly like when there's things like this higher volatility, i really want to be confident in whatever the current trend is uh, so because of that, i just want to be like. Okay, like calm cool collected, remember my spiel uh.

When the market closed on friday, you want to take your emotions out of this folks, if you're emotionally, if you're like, if, if the colors are getting, you excited or upset just wait, have your plan. It's just a plan. If this happens then do this. If this happens, then do this: if that's, why everyone needs a trading plan and even if, like, i think, it's easy and it's a good sound bit when everyone's like no one's selling, this i'm buying the dip.

Okay, that's fine and i like the sound of it. Okay, but flesh it out, where are you gon na, buy the dip? Let's just use amc as an example, but all this stuff would be applicable to gme, iwm spy or really any stock. If you love amc and you, if you're looking to buy more amc and you're like i'm, buying the dip, i'm an ape cool, i applaud you, but what's your plan? Where are you going to buy it? Are you going to buy it at 42? Is that it are you going to buy it at 40, a key psychological level, especially at like every 10? Are you going to wait? Are you gon na give it a day or two and see if the s p 500 is gon na fill its gap upward or if it's gon na sell off a bit more there's, there's no issue the only issue in all these good sound bites that all These other, like, i guess, ape personality, has of like whatever like they all say. It's like you just need to build on it.

You have to have like a true plan behind it. It's always fun to say this, like diamond handing it apes versus snakes, we're buying. No one's leaving, okay, that's fine, and especially if you want to like double down, but where just have your own plan and i'm not saying there's a right or wrong. I'm just saying: have a plan be like if i see this this price, this volatility, this art, like whatever it is like it's just it's a bunch of.

If then statements, if this happens, then i'll do this. If this happens, then i'll do this. If your, if is never hit well, then don't do anything we'll just sit here and complain about the government, because it's fun to do how long could hedgies do these games uh, i mean as long as they have money pretty much until they go dry. It's more of like, what's their war chess, what is their war chess um? I didn't want to talk about the computer share thing, but i was looking for one quick response: um one quick response.

Ah, so i was talking with uh some people on twitter that i respect their opinion. Uh, okay, so computer share to my understanding and i did a deep dive, but i kind of want to do a deep dive. Um because, like right at the end of like reading about it for a couple hours, i found some more information. So i do want some more time.

But here's my going thought - and i'm saying this with the caveat that give me a little bit of freedom to change my opinion here is my i don't know like i said i put in time and i read about it, but i think it might need a Little bit more dd, so people registering their shares with computer share. I do think it's interesting because in a certain way it can kind of bring light to some of the ftds going on, which i think is important, but also in a certain way like that's under the assumption that our regulators don't already know it's going on, and That's that was my initial thought and then i was reaching out to this twitter profile, wired, w-i-r-e-d um. I think the guy has a lot of interesting information and should be checked out so shout out to wired if you're listening right now, if you're on twitter give that account a follow great great information and, honestly i like it, because i i'm assuming it's a guy. I guess it could be a girl, but i'm just from my conversations i i feel like it's a guy for various reasons but anyway, so in talking with him um, he brought up a good point to me that right there, like it, our regulators know the computer Share thing: i don't know it's a tough one to read because do i want more exposure of like yes, here is like a beacon and we're just shining it right on all the ftds.

These shouldn't be happening. What's going on regulators check this out, but on the flip side of it, you you're doing your best to prevent no manipulation, but when it's registered on computer share, you inherently become less mobile um. It is really truly by definition. Computer shares meant for long-term holders not for people to get in and out when there's explosions in price, so you have to you, have to weigh it out of like what is or isn't right for you um my knowledge of computer share.

I do not feel comfortable telling everyone that they should be getting onto it. I really really don't, because i don't think everyone is fully aware of how immobile that would make them, as in you wouldn't be able to willy-nilly, like sell out when you want to sell out um, but for other people. This is, this is the weird part for me as a person versus like a creator, and a voice within this community is like. Yes, i have my own thoughts on like what i'll personally do and i'm just trying to make sure it's not bleeding over into what i think is like i guess healthy conversation and debate for the community.

So i'm doing my best to re move my own, like. Okay, this is what i think is good for my money and i'm trying to speak of it like okay, like what makes the sense for the oops for the community, and i just whoa - hey, hang on. Where did that so with the computer share? I just want people to know what they're actually getting involved in in the event that they choose to register their shares there it it does, make you more immobile. Just just so.

Everyone knows nothing more, nothing less, i'm not saying anything good or bad about it, because i see there's good and bad. It's not a perfect scenario, but it's there's pros and cons to it like many many things in life, so um, if you do do it like, i said like it really when we talk about anything here, just make sure you're actually researching it and not using some Discord message some reddit message or some twitter message, or something like that or some video to be like. Oh, like your your one source of information that drives you to do something that could have a sizable impact on your financial situation. Just find a couple resources dive into it, read it uh, it makes sense.

I mean your money's involved dive into it all right. What else do we have? I think i'm finally up today. Oh, if you haven't already uh, i know it's annoying, but if you haven't, i would truly truly appreciate it. If all of you could annihilate that like button and if you haven't already don't forget to join up with the moon gang, if you're on youtube, you hit subscribe, if you're on rumble subscribe, uh if you're on twitch, if you want to hit that, follow all that Stuff is completely free and it's honestly the only support i ask for i know many many of you go way above and beyond, but that that's why i do this uh.

So if you just want to show like a quick thank you for the effort and the time that i end up, putting in um just completely free like subscribe, that's it um and if you choose to go beyond that, just know it makes me makes my heart Smile, i mean i love this community, so much so much so much all right, amc by the way. 42. 50. 60 right in there uh we're kind of seeing an interesting pattern, develop lower highs, higher lows.

We have a kind of an upward going wedge, we're looking forward to break above and hold above 43.. Remember 44. What was it 20? Is the gap filled to the upside and remember? We all know that there is a statistical advantage to gap fills, so that will benefit us in terms of amc. Also, one thing that i could talk about - and maybe this is better for the afternoon session, where i can get the facts and figures, but the s p, 500, being down by more than a percent today, means that the statistical chance of tomorrow being green is very, Very high, the entire concept is called turn around tuesday and it's a super well documented pattern.

Seasonally, it's not the best for us because it is september, but the odds of a drop-off on monday, greater than one percent turning into a green tuesday are incredibly high and i'll get those exact, odd odds for all of you in the afternoon session today i will Be streaming for another hour until 11, 11am eastern and then i'll stream again from two to four just so everyone knows what's going on with my like my daily plan and for those of you in discord i'll, be hanging out with you, so we can chat a Bit um but yes, turn around tuesday red monday odds of a green tuesday, very, very high, especially when that monday drop is greater than one percent. Someone just called me a suit. Oh man, that's hilarious, hey boxy, asked beast: isn't this the time for hedgies to cover the positions uh capital to cover under market losses to get out of a loss yeah, but if they think it's gon na fall farther? Remember all these a lot of people who i shouldn't say all of them, but a lot of the people who are betting against aim to see. I think it's going sub 10..

So if they truly believe it's going sub 10, why would they get out at 42? I see people are talking about tmc. Is that moving? I was, i don't know tmc. I i never thought was that god, it's up five percent. This daily chart is awful.

I'm not a fan of tmc if you're in it. I hope it plays out for you, but tmc is in no way my own personal style and if it's not my own style, i'm not gon na trade, it um tmc, it's just what an ugly chart how's irnt doing, also not the best uh how's amd.