Crypto Gains Incoming πŸš€πŸš€πŸš€
AMC & GameStop: Apes Be Flexin' 🦍🦍🦍
Dumb Money w/ Matt Ep. 94
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Screw kenny cause we're holding on forty life. Getting them tended so soon, don't be mistaken. The apes won't be shaking or breaking because we're going to the monday very soon gon na wake up on the moon brand new yacht and the mcdonald's in my living room, bright, yellow, lamborghini, 50 meter, swimming pool champagne every day, ain't fam. What you do wan na hang one or two.

Oh you got imagine two. Oh that's right held on tight jack titties every night. We was in way back when they tried to chop it down to ten henches couldn't come for him. Ace was strong until the end.

Now, let's pretend sick to tell they've been sweating had enough of these villains, but the eggs were rebelling cause we never be selling till we sent it to heaven now we'd be out of yelling, hey screw. You kenny bought my wife, a minivan to share with the boyfriend, but i pull up in the benz played saying olive cranes going on an airplane. Don't think we'll be back again celebrating every day like it's, your birthday. Getting them won't be shaking or breaking because we're going to the moon, today's expectation probably more manipulation.

If you did, your creation of a crooked operation brought more while it was low, got more dips in trader joe's. Oh, you thought that we'd, let go what the hell you take us for last dollar on allah, while living in squalor. We don't claim to be scholars, we the smooth brain dummies and we never stood taller yeah. We do this for love and we do this for our honor.

A follower of 11 ain't got nothing on us. We the planet of the apes anymore, as we trust m-o-a-s-s. Oh hell, yes, gon na, send it into space. Go fire up the jets done.

My dd call me out and john rocket man. This is the way gon na be girl, reunions, ground control to major time. We bout to have liftoff call us nearly strong gon na keep holding on screw kenny cause we're holding our foot in life, getting them teddy. So soon don't be mistaken, the aches won't be shaking no breaking because we're going don't be mistaken, the ace won't be shaking or breaking because we're going to next fucking town.

What is going on happy friday? Everyone happy happy happy friday and happy october we're getting into spooky season. Folks love it big fan myself spooky season, we're in it we're in it. Now we are 100 in the fall autumn mode and we have some fun fun stuff to discuss to go over. But hey, it seems like it's a great great friday.

It's always a be a beautiful day to be an ape, and today is absolutely no different amc. Looking strong, currently at four percent in pre-market we're pushing that 40 level. Gme is up 1.6 in pre-market. We see the russell 2000 swinging around.

We see the spy swinging around look at crypto, crypto took an like a shot of steroids or something crypto is flexing right now, looking very, very strong and we're gon na be going over all this. All of this. All of this man, i i'm it's gon na, be a fun day. It's gon na be absolutely a great great great friday.
Oh man, what a day to be a name, what a day to be an eight, so, let's just hop right into it. Let's hop into it, but oh actually before we do just so, you know the song you listen to, it is by the grillionaires. It is called to the moon. You can find them on youtube and other music listening applications and then the other one that we listen to by the grillionaires is show me the money um and then that one is also on their youtube.

So uh. I i need to start linking their youtube or something, but once again the the band is called the grillionaires. You can easily find it on youtube. I got a couple questions about it yesterday, so let's, let's hop into it, let's hop right into it.

So, let's start, let's start high level and kind of start coming down. Let's go most generic five things to know before the stock market opens today friday october, 1st once again welcome to spooky season dow set to bounce after closing out the worst month of the year. So yes september was weak and we seasonally. We already know that the second half of september is typically weak, but on top of this we have the evergrand situation.

We have the infrastructure bill, we have the debt ceiling and we also have the government shutting down. Some of those things are still in play. The ever grand situation has kind of died out. No one's really talking about it anymore.

The government is not shouting down uh, it's going to be on this list, but basically the senate or all of congress, and now also the president have signed it in so the government not shutting down, they did get funded up until december 31st. I believe the vote. It wasn't even that close like the vote like easily went through, but we still have to worry the infrastructure bill that got delayed. I think that's even on this list, but then we also have to discuss the debt ceiling, which that has to be discussed and debated and resolved by december 18th, or we will have the first ever u.s debt default.

But just you know from a seasonal point and i'll bring this up in a little bit, uh the first start of october. Let's say the first trading week, it's kind of choppy, but after we get through that, it's pretty much up up and away until the end of the year from a seasonal perspective of what happens in the overall market. Just so, everyone knows, and just because it's seasonal, that doesn't mean that there aren't years that buck the trend, but just so you know that's kind of like what we're dealing with inflation measure fed uses to set policy expected to remain elevated. We know this we've been talking about the fomc all of that stuff.

We know that inflation right now kind of clicking in around four percent and uh there's a at first. They were saying they might start the asset tapering the purchases of these bonds in november. There's now been some rumblings that they might push it off a little bit. None of this is confirmed we'll find out basically in the next fomc meeting, but when they do start the tapering, it's not going to be like an immediate thing.
It's going to be gradual. All the way until mid 2022 - and i don't think they're even considering raising interest rates until the end of 2022. biden signs temporary funding bill to prevent government shutdown. We know that he signed it late last night right before the shutdown would have happened at midnight.

Biden fails to break dem deadlock house infrastructure vote postponed, so this is like out of all those like political things. Going on the infrastructure is another. One biden failed to break democratic stalemate that threatens his domestic agenda. A group of progressive house members and two centrist democrat senators will still miles apart on key issues.

Late thursday house speaker, nancy pelosi originally scheduled the vote on a senate pass bipartisan one trillion infrastructure bill for thursday, as in yesterday, but postponed it because didn't have enough votes to pass um. So that's! What's going on, there look for them to continue to debate and figure out what they want to do and then merck, to see clearance for oral covid treatment share a surge, and then we saw actually because of this. Some of their competitors, such as uh, moderna and novovax, i think, all like kind of down just like more competition in the arena. More specific, though, to that infrastructure bill, because this is something that definitely could have an impact on the russell 2000, which is tracked by the etf iwm.

The reason we care about that is because amc happens to be the biggest stock within the russell 2000 and it has about point five percent exposure. I know point five percent might not sound like a lot, but when you're thinking about a basket of two thousand stocks based on weight, that's actually a considerable amount of weight. Biden fails to break the democratic stalemate and key house infrastructure vote is postponed. President joe biden spent the day talking to key senators and democratic leaders in congress trying to break a stalemate that threatens his domestic agenda.

But a group of progressive house members and two centrist democrat senators were still miles apart on key issues. Late thursday night house, speaker, nancy pelosi originally scheduled a vote on a bipartisan infrastructure bill thursday, but postponed it because bill does not have the votes to pass. So this is a developing situation, like i said, keep on talking on top of it, especially if you wanted like this will have an impact on the russell 2000 um more specific. Now, let's talk about some amc specific stuff, so the big movie this weekend is venom.

Let there be carnage, i myself am planning on seeing it this weekend, i'm very, very excited and thus far um. The reviews are interesting. Uh not they're, definitely positive, but like the way they word. It is a little bit strange.
Venom. Let there be carnage, is nonsensical. B-Movie storytelling that will somehow leave audiences wanting more the venom. Franchine has bad writing and the stories make no sense, but i can't stop watching the sequel doubles down on the bizarreness.

That makes it the most unique marvel franchise venomous therapy carnage opens in theaters on friday. So some people already started seeing it yesterday, just like um late late, premieres or i guess early morning, premieres. So it's out and thus far i mean, maybe i'm being naively optimistic, but i have a feeling that this movie is actually gon na like destroy some numbers. Um right now, shanghi, the most recent marvel.

One is the one that's kind of holding the crown of the year. I would not be surprised if venom let there be carnage kind of takes the crown, especially just because, where we're at seasonally right now, there is naturally an uptick in movie going and right now, with this one coming out, i mean sony actually moved this earlier. At first it was supposed to be mid-october, but then, because of the success of shanghai, they actually moved it up intentionally to october 1st um. Yesterday we were asking about it and thousands of people when i did a poll said that they were going to see it specifically this weekend and then, of course, there's other weekends like throughout the month of october, that i think people will be watching it.

But myself i'm very excited for this movie. I found the first one to be oddly entertaining um. I i don't think that this one will be any different and i'm ex i'm very, very um optimistic about it and this kind of lays into previously. A couple weeks ago we were talking about some of the statistical patterns that we've been seeing in amc and what we did there was we from the start of the calendar year.

Until most recently, we were doing a test of what's the best time to buy early in the morning. What's the best one day hold till the next trading day, and it actually happens to be friday friday morning until the next friday morning, monday morning, that hold that one trading day hold is actually been the best for amc out of all the one day. Trading holds, and i my suspicion is because of the movies of where people are like. Okay, we know the movie's coming out, it kills it over the weekend and then because of that there's enthusiasm coming into the market monday morning.

That's my thesis on it. I mean the thesis might be wrong or right, but the statistics behind it still show that the friday to monday hold is the best single day hold period on amc. And i don't think that this upcoming right now friday morning to monday morning, will be any different. Because i think that this venom movie will perform very, very well all right um, so we a while back we're talking about scarlett johansson and the disney issue with black widow and the theatrical versus the at-home release.
And just so, you know they reached a settlement. Um at the terms of the settlement were not disclosed. Johansen had saw a 50 million payout from the studio. The numbers aren't up there and, like they're, still playing nice with each other they're like hey, like we work great together or we look to like work together in the future.

So i mean it seems to me like it's a pr thing of like, of course. Of course, we're going to play nice with each other there's no way that, like they don't still have like kind of raw feelings. I would suspect i'm i'm assuming disney's very angry at her uh, but they this issue is now resolved and the settlement is not public. Just so, everyone knows what's going on there, so if, if you've been checking out, what's going on in crypto, lately absolutely incredible so not that long ago, as in two days ago, crypto was at 41, 000 or sorry, not crypto bitcoin was at 41 000 we're now Trading above 47 000, which is a nice technical, breakout, um ethereum, bouncing off the 2800 up to 3200 cardano coming from 205 to 222, we're seeing a lot of bouncing and, in a certain sense it's almost as if the u.s fed chairman powell is undoing what china Recently said so, the people's pub or the public bank of china, the pboc for like the 18 millionth time, stated that crypto transactions are illegal and they're, not supportive of crypto and every single time they do it.

Crypto comes falling down. Well, this time the fed chair powell says he has no intention of banning crypto. When asked about earlier comments, he made about cbdc's replacing private crypto pal said he'd misspoken, and if you come down right here when asked by bud directly whether or not he intended to ban or limit the use of cryptocurrencies powell's response was a resounding no. I have no intention to man them so right there it it the fact that the u.s - i guess, people in power uh, who have like really truly the power to make impactful very impactful decisions on this sector um.

They are breaking away from what the equivalent people over in china have been saying about it. So right there, this news, uh, you can find this on coindesk, but this is very, very positive for crypto and the way i view it is it's basically just undoing what china had recently said about it, but even there that wasn't new news, and at that moment, In time when it was happening, the day of i was explaining to everyone, i think it was what a week ago, i think it was almost perfectly a week ago uh when this started selling off, and i was like, obviously with china continually doing this. It's the same thing just a slightly different timing of it sells off people by the dip and it ends up coming back to quote-unquote normality. So all this crypto was just a nice dip buy and i honestly don't think that it's over uh.
I think it could take a bit more time, but i think ethereum's still on its way back up to 4 000.. I still think bitcoin's up on its way to 50 60 000. um, i'm looking for cartano to actually push up to three dollars and hex uh, currently in a little bit of a wedge, but i still want this at 48.50, i mean crypto to me. I don't actively trade it, but whenever i see dips like this, i bought it and uh either yesterday or the day before, i announced that i bought way more ethereum than i should have, and sometimes it's better to be lucky than skillful, and this is one of Those instances where my luck purchase ended up netting quite a bit but, like i said i haven't locked in any of it, i'm just buying on the dip and it's a long term hold for me very quickly.

Let's talk about the overall market. This is the s p, 500 tracked by the etf spy. This could be thought of a basket of 500 of the biggest companies within the us. Yesterday we closed pretty much at this very incredibly important support level of 429.

This morning, we're attempting to gap up a little bit to the tune of almost two dollars uh. We want this to happen. We want the bounce to happen. We want to see green in the spy, the queues iwm.

We want to see money flowing back into the market because that does make the overall, like headwind, tailwind argument easier for amc and gme. We don't want people to be panicking in the entire stock market, because people who maybe don't identify as apes and are just in amc and jimmy for whatever other reason. We don't want them to panic on the situation. So right now we're seeing some green.

But it's going to be completely changed when 9 30 actually goes ding, ding ding and we're going to have to see how people are actually handling the situation. But i have my fingers crossed at least for this bounce, and i want to actually see this gap fill up to 442.. If we see some some sort of like, i guess momentum early morning, maybe into midday over the next week or two 100. Looking at the potential of this gap, phillip to 442, i think that'll be a very, very easy trade, but first i want to see the buyers actually stepping in in terms of the nasdaq.

This is more of tech, heavy. The reason. The reason this has been getting hit is because treasury yields are going up which is causing bonds to go down and, as those yields come up, it does make it a more enticing investment. A little bit safer.

The the risk to reward is a different ratio and that kind of takes off it takes away some of the attractiveness of the high growth tech stocks. So whenever yields go up, bonds go down. Typically, your qs, the nasdaq 100. The tech heavy high growth sector is going to follow the traction of whatever the track the bonds are taking just so everyone knows right here it did break below 360..

I want it to quickly recapture that, if not, there is a risk of 352, but i should know on the spy the queues in iwm, the rsi on all of them is pretty oversold. So, just in terms of reversion play, i think the odds are looking better and better for at least some sort of relief bounce. I don't know how high the bounce will or won't go, but that's something to pay attention to and in terms of the russell 2000. We're halfway in between support and resistance, we have support at 218 resistance at 221, we're actually opening up saint as a spy like a little bit of a gap up.
So, let's see if this can hold would love for it to recapture 222 and some change, and then i'm watching the mid-224s. But overall the name of the game on these major indexes is to see if buyers are going to actually step up and buy this dip or what's going on, but things seasonally. If i had to guess, i know that the kind of not even the latter half like the latter 80 percent, the latter 75 of october, is typically bullish. But with this one we have the unique scenario of what's going on with the debt ceiling so seasonality.

Once we get through the first week of trading october, basically next week from there seasonally, i'm gon na be bullish on the overall market. But please we have to keep in mind of what's going on with the debt ceiling debacle uh. If they solve that very rapidly. Look for the market to go green, but if it looks like we're getting closer and closer and we might actually have our first ever default - that's no bueno, no bueno, mi amigo! So just keep all that mind as things continue to develop in terms of the technicals.

For amc yesterday, if you were paying attention, we had a crazy day, the first half of the day like really sucked and then by the time we kind of got around lunch time and then into the close things were very, very exciting. We shot all the way up to this resistance at 41.50 now we have uh before we were messing around at this level at the end of august, but now we have more recently a triple rejection. So in a i guess, a little bit of a larger timeframe. That's what i'm looking for, but i'm truly looking for this gap fill up to 44 20 easy play uh, at least in my opinion.

Let's see if i'm right or wrong, i don't know, i'm not a fortune teller, i'm not a financial advisor, but from what i know about trading. That's what i'm personally looking for uh september 17th september 20th, looking for this gap bill that was created right there when and just so. You know in terms of support. We have some at 37 and we have additional support at 34.

in terms of gme looking for it to get out of this wedge uh. I wanted to get above this region of 188 190 and then to battle it out at that key level of 200. gme. In terms of the technicals, it's become very easy at this point in time.

Basically, is it above or below 200. um 200 has been acting as a magnet. Unfortunately, ever for all of september, jamie's been selling off the entire month, jamie's been going down, so i'm hoping that it's been beaten down enough that we're about to see this reversion and the fact that the bears are just running out of steam. So uh just so.
You know support is at 170 and we also have some at 175. in terms of the ortex numbers to kick off the month of october they've already borrowed 707 000 against amc, which puts the short interest at 20.72 percent. That's also within spinning distance of an all-time high for short interest on amc. The utilization is 85.4 and the shares on loan 114.6 million in terms of gamestop they've borrowed 51.

000 short interest 15.55. It is noteworthy here on gme to point out how, ever since july, and really ever since mid-august, the short interest has been continuing up up up, and i do want to see how it reacts like roughly to this level. I want to see if the bears are going to be so aggressive that they push it above 16.5 short interest. That's one thing that i'll definitely be paying attention to on gme all right, all right all right! So that's pretty much what we have for the morning setup.

We have about 10 minutes to go until the bell goes: ding ding, ding and the casino gets opened up for the first day of october and the last day of the week. So, let's see how this is all going. Matt did you tattoo, your eyebrows? No, i didn't know you could tattoo eyebrows uh. If you want me to, i could look into it.

Uh yo good morning, where's swollmat, oh the the thumbnail from yesterday folks uh, like i said what was it two days ago, i downloaded new, which is like more of a psychology thing for uh, dieting nutrition and just like overall health, and you see the effects i Mean you guys all see that thumbnail i mean i've been on noom now for one or two days and bam. Just like that. Already a lot of people are saying. The rock now looks like me: um it's it's crazy stuff out there, hypothetically with all the robinhood legal mumbo-jumbo, what happens to robin hood users if robin hood goes bankrupt or is forced to shut down morning, moon gang um.

That would probably be a very, very messy long, drawn-out scenario, because it comes back to their investors and the equity owners and who has what money and how flush they are in cash. I think the easiest thing to do is just to not use robinhood. I truly truly do i don't think it's worthwhile to take on that risk. I mean we know that there's brokerages such as public that i've been talking about for a while right now, uh here, here's public like i, i just or fidelity or anything like there's.

So many brokerages out there that are better than robin hood. There's really no reason beyond it. You could go to public.com macquarie's up to 70 of free stock, no payment for order flow. No market makers no dark pools, you're, not lining the pockets of people like ken griffin or the guy from virtu.
To me. It's so much it's an easy decision like you could start the transfer today you can open the account today, even if you want to keep your current shares on robinhood, but then start your share training on public. Just you know, public does not have options trading. It's about to roll out its crypto, i don't know if you're an option straight or not, but to me between options such as public and fidelity or if you're, on e-trade or td, and you want to route your orders to a lit exchange, all those it's pretty Easy once you start doing it and it's all better than robinhood uh take a look at mara.

It is a great way to play crypto without actually buying crypto, i'm currently at uh 17 short interest. So i actually i'm not the i don't dislike mara and ryan, but i'm not the biggest fan, because i'd rather play crypto directly. Here are my thoughts. If you have a bitcoin mining company such as riot or mara, yes, they're going to go up like if you're betting on crypto, but don't forget.

You also have that secondary bet of the inter-business competition between those companies, so you're taking a dual bet. And if i don't like the more things you're adding in like the more variables to the overall equation, it can make it more difficult. So for me, if i'm like well, hang on i'm bullish on crypto i'll play crypto directly because riot and mara, you might be right on the direction of crypto. But what, if you're, not right on like how the business competition between all those companies ends up playing out? I got timed out because i agreed with someone that i don't like islam seems odd.

It's not political or religious. I can't not like the song, i mean. I'm i surprisingly easy merc, i'm not the one who did it. Are you sure you weren't like spamming, something uh best pre-market volume we've had in a while? Yes, so amc yesterday finally broke 100 million uh, which we have not had in a hot minute.

I'm 100. Looking for another follow-through, if we can have nice back-to-back 100 mil plus days, i'd love to see over 120 million, and i would love to see that break out of 41.50 today on amc. That would be a great great way to go into the weekend. What price might quick hit in the next few days? What price might quick hit in the next few days? Uh, the true king one one, i'm not quite sure what stock you're talking about buying robin hood puts on robin hood: app slap it in the face ken griffin line, robin hood robbed us uh, i'm not sure noon would advise you to avoid eating that chip.

Hello! Have a great day shout out: saucy ramen: let's go buying 80k and amc stock at the opening bell apes. Let's go dreaming green logistics shout out matt. What were the shares on loan lending up to the 72 run in june? It was around 140 million. I was.

I think it's 138 million and then we know two days later there was about a a drop of 30 million uh different short interest, lower short interest but more shares on loan. And that's why you need to talk about the shares on loan, the utilization and the short interest. Having one of those data points alone, doesn't tell you the full story, you need all three and honestly, it's even better to know. Additionally, the cost to borrow the average age of the shares on loan and the days to cover um, but if you could only pick three, i would go with the short interest, the shares on loan and the utilization, but really the more data points the better.
I would argue vehemently within the stock market having one data point generally, doesn't even tell you like a cons like not even close to a useful point of the overall picture. You need to see how they all interplay between zero and the squeeze. I'm not too concerned about the ticker price of amc, apes, leaving, rent, free and billionaires heads for the win shout out to basco dave uh. Can you check fami and see if there's a gap fill on the downside thanks um? So yesterday's low was 37 and the high was 36..

So technically there is a gap in between yesterday's low and two days ago, high the 29th. So technically there would be that gap there, but remember it doesn't have to be filled within a day. It could take a day it could take a week a month or a year. Maybe it's never going to get filled.

It's just more of. We know when we see a gap that there's a statistical advantage to playing the gap fill but depending on what the asset is, the volatility, the seasonality of the market. That is what changes the timing of it. But yes, technically fami does have a gap to the high of september 29th, which at this point would be hang on: uh 36.90, 36 cents, uh, almost 37 cents, technically a very small gap there, but, like i said it, doesn't have to be filled today this week.

This month it could take time it might fill out of the gate, bounce and just kind of rip from there, something like that uh right now, it seems like it's down a little bit in pre-market. What do we have going on here? Ater is up four percent in pre-market. Getting that perfect support bounce, we balance on the 15th we bounce. On the 17th.

Yesterday i was saying: watch the low nines. I marked out 914, it bounced off of 911 off by 11 cents. This is why i think technicals are so beautiful because they get you amazing entries like that. Imagine only having to risk what like less than a quarter and now you're already up more than two dollars uh.

This is why i like technical training, because, like you, get easy easy layup plays like this one, beautiful beautiful beautiful. What else do we have bbig how's this one, looking bbig uh, also up in pre-market up by 0.3, trying to get this trendline breakout would love to see bbig get above 7.72 hang on. Let me redo some of these all right, perfect, perfect, perfect, perfect spy. Let's get going folks, let's get going all right, so weird uh, i'm! I would assume these are misprints, i'm not sure i'd have to go into the time and sales, but i'm assuming these weird little wicks we see uh are misprints uh, i'm trying to get off of robinhood.
What's the code for public it's in the description of the video, but it's also public.com metcors, both public and voyager or apps. You download, i think i forgot to speak about voyager uh. Here's voyager voyager is what uh, i think is easy for crypto. I think public is the easiest thing for stocks and voyagers.

Oops is the easiest thing for crypto they're, both apps that you download to your phone. You have to be in the us. I know i have some international listeners viewers, so you're going to have to go with another option public you download it to your phone voyager. You download it to your phone voyager that goes above my head and with public.

All you have to do is go to public.com coors, both of them depending where you are or aren't i mean for me on both of them. I got up and running voyager. It took me about half an hour public. It took me about one day before i could do like everything i wanted to do.

I know some people. It comes into the issue of like maybe what state you're in um, how long's like the queue you're currently waiting in for the signups. So there's a little bit of variability there, just so everyone knows, but overall i found the process to be very, very easy and specifically to public, even if it took a while. I would still do it like.

This is how i thought of it. Just because not only did i get money for signing up, but on top of that, no payment for order flow, no market makers, no dark pool like this to me, as i'm sitting here actively saying, i think we should ban payment for order flow. Well. Of course, i need to be on a brokerage, then that like is not using payment for order flow, at least not for stocks uh, it's kind of hard to avoid it with options, but um just so.

Everyone knows what's going on there, man, i like this. I, like the the energy we're about 30 seconds out and we're already seeing a bit of volatility, feels like it's to be a fun day feels like it's going to be a very, very fun day. Oh amz, let's do this thing. Let's do this thing before the market opens.

We got to set a hot chip price um for me right now, we're at 40, i'm gon na set the hot chip price at 50.. If we breach 50, we don't even have to close above 50, but if we breach it, if we see 50 or 501 that will signal the hot chip for today october, 1st ding ding ding, the casino is open best of luck to all. Let's go apes. Let's go apes, we're moving we're moving, we're moving and we're grooving all right.

Let's see how this is going to get rocking on the day, we're moving we're moving all right. So with amc just so you remember these levels, uh 4150, so about a dollar higher than we are. That's like a pretty major level, and i think above it we're really looking at this gap filled at 4420 in terms of gme we're kind of watching. I guess the region between 185 190 - let's just call it 190 as like the major breakout level, um sweet.
Let's get going wait. 41.. Did i do that math wrong on amc, two dollars: okay. 41.50.

We were 39.50, so two dollars to go on amc fully capable of doing that. I mean we all saw what happened in the span of like an hour or two yesterday, now that we have a full training day, people are very, very enthusiastic about. What's going on. Let's get rockin, let's get rockin captain mexico, happy birthday, matt, happy birthday, captain mexico, if all four million apes put magnet signs on their vehicles, that said ken lied it would.

He would sue all of us what's going on paul. I know you're busy man, but the side clips vids on sprt atr are money. My man is it possible to get more of those in the future if the setups are there? Yes, joe um? For me, it's there's so much content. I want to make out there like, of course, i'm covering amc and jimmy, but like, like you, said those side ones of like the momentary stuff, atr sprt, um bbig, a n y.

I even want to do a lot of crypto ones like i just have so many uh. I guess ideas of what i want to do, and it's just more of i don't know if you ever have those days where you just have so much to do you just end up you're like i don't even know where to start, and then you end up Getting like absolutely nothing done, um and then between the streaming. It's a schedule thing i don't know. I i'm my own worst enemy in this scenario, like you know, uh the consequences of my own actions.

I think if i have like more of a regimented schedule, i could push out more content, uh and i want to so so bad but um joe. I hear you and i'm working on like the way i can best schedule all this stuff. Prague is still looking tasty, in my opinion, check it out all right hang on one. Second, let me get my handy dandy trading diary all right, prague, we're gon na throw prague on the list.

Shout out wall street viking, prague, prague, prague, prague, all right, where's, all the green where's, the exciting green moves all right, amc currently at 3904 and jimmy's, currently at 176., the spy it's at that the 431 level and then iwm is at 220.. Hey matt. Would you mind checking out the crypto called theta uh? I could look into it. I don't know um much about it, but i'll.

Look into that. One paul! Last night's thumbnail 420 on a scale of 69. man, the thumbnails, the thumbnails - are some of these days. It's those thumbnails that keep me going.

They crack me up. They crack me up. Uh keep an eye on tmc. Today, hasn't tmc been performing pretty poorly i'll put that on the list, but i feel like that one was getting pumped by a lot of people and then it ended up burning.
A lot of people has trading been halted on amc previously has, but not today, all right. Let's see how this is all opening, and then i don't know around. I don't know in about 10 minutes when we see the opening we'll start running through this list of the other stocks. All right come on amc, let's bend this back around.

I, like this 40 dollar, mark really like the 4140 uh a break above the close, above, especially on volume of 41.40, so about two and a half dollars above where we're currently at, like that. That's nice! That is a good good good day for amc. Can i call you later buddy, i may need reassurance yeah ken kembo yeah. That's why i pay for that direct line uh to citadel would love to chat all right come on amc.

Let's bend this back around. Let's check the macd on the one minute and it's just one minute so remember. Whenever you're doing technicals, you have to kind of apply to the time frame that you're on, like the macd on the one minute, is not really going to have much an influence on. Like a daily trend, obviously um, but as we come out of the gate, i see a bid uh coming in on iwm right now, uh we're looking for this macd to cross on amc and it'd, be nice to also see it cross on gme as well.

Let's go up the macd right there. Let's check the flow, let's check the flow, all right just so you know amc still that 707 short interest to 20.7 percent and the same number for gme. But let's check what the flow is early morning. Let's see how people are betting 53.3, bullish on amc in the options market and in terms of gme 56 bullish, so both amc and gme in the world of options we're getting some bullish action, uh crypto, still holding pretty pretty strong.

Let's do this thing: let's do this thing, i'm ready for friday all right, amc, 3920, gme. 177.. Uh. I want to see the russell 2000 push to 220., the overall, the s p 500, a little bit weak.

I'm actually kind of surprised about the weakness we're currently seeing uh hang on. Let me see if there's any news, we need to be going over some octubrey tubery, all right. Where are we at here? No, that's not gon na impact us who do we need walter bloomberg opec, so we have some gas stuff, so that would be important to all my cei fans pool of negative all right that doesn't matter uh us supreme court justice, kavanaugh tests, the positive for kovit Has no symptoms, uh has been vaccinated, bitcoin extends gains to 10 uh india to impose mandatory 10-day quarantine isolation for uk nationals. Lordstown motors corp shares up six point: three percent after co to sell its ohio assembly plant to foxconn uh.

Once again, that's lord towns, motors r-i-d-e is the ticker symbol. Uh fed comfortable with fed plans of imminent bond buying taper makes sense in the not too distant future to taper. Bond buying doesn't see, need for fed rate increase until 2024. Uh believes current inflation surge will ebb over time.
That's what they've all been saying: it's transitory! It's transitory! It's transitory! That's all we're hearing! That's all we're hearing about it! Scc, reportedly looking into robin hood's president's sale of amc stock. Well, good jim kramer launches the cnbc. Investing club with a focus on building long-term wealth and then unusual wales responded right away. We like uh coin as in coinbase the ticker symbol c-o-i-n-f-475.

Oh lord! Oh lord! What else? What else? What else? All right? Amc 39 uh just kind of messing around at this point: you're looking for the breakout of 39.40, the spy systematically selling um just pure pure selling early this morning, i've noticed recently over the past three weeks, i've kind of noticed on the spy in iwm that the Early morning, move isn't necessarily the one that ends up being the dominant move of the day. I don't have the exact numbers and stats on it. I guess it's more of anecdotal, so maybe i'm completely off basis. I feel like sometimes your brain wants to see what it wants to see, but uh it definitely over the past three weeks.

It seems like whatever the early morning pushes seems to be kind of like undone and sometimes to like a notable magnitude by the actual end of the day, but once again, with the spy, we're watching 429 a little bit below 429 and we're at 429.70 right now. So you're looking for the support, that's a dollar below it. If it breaks below it, we might be seeing all the way down to 425. So this is what i'm watching um i'm gon na be watching this level.

If it starts to bounce, i might play it long if it breaks down, i might play it short to 425 or something along those lines, but that's what i'll actively be watching all right. I need to make more room on these charts all right. We need we're. Seeing selling in everything right now, unfortunately, between amc, gme, iwm spy, we're seeing some red.

So, let's, let's see where the buyers at what levels are the buyers at? How do you feel about nfts uh, i'm recently getting into them uh i do own some. I think i own like nine or ten of them on openc but uh, i'm looking. I've been slowly but surely learning more about it and i'm actually planning on uh taking quite a few hours this weekend and like specifically studying nfts and if i like, can put together some sort of cohesive. I guess video or piece of content uh, like like more of like a beginner's guide, type of a thing, i'll like happily film that and just post it to one of the two channels but uh.

How do i feel about nfts, just in general, from the little bit i know now, it seems like some of them are a complete and utter scam, while others are actually very, very interesting and i'm highly supportive of the project so uh, i don't know if i'd Make commentary in general of like the entire space of nfts, because i think some are awesome and i love the utility and then i think some are like a cash grab of like being run by absolute scam. Artists, uh bay ticket bring a friend for free, tweet, adam aaron, yes, so with the venom movie, if you are a stockholder, you are able to bring a friend free to the movies. Hang on someone said adam aaron, just tweeted about it. This was kind of news that was being discussed yesterday.
A lot of happy birthday wishes. What else do we have the highly anticipated venom movie? Ariza amc theater, starting tomorrow in an exclusive offer our shareholders who are aimc, invest connect. Members can share the fun free all weekend. Long buy ticket bring a friend for free, that's awesome! So if you're, trying to hey, see, see the movie with a friend a buddy, a significant other, maybe you're trying to talk him into getting some amc, maybe uh, maybe a useful tactic.

We have sweet, sweet sweet. All right, we are i'm trying to like. You know me: i try to wait those first 15 minutes. Oh so some people had already seen it.

Venom was so good uh. If you have already seen venom uh. Let me know, let me know your thoughts on it on. If it was good or not, i mean i'm gon na see it regardless.

I i, my bar for entertainment, is pretty low, so i'm feeling good about it, but the the initial things i'm hearing is that people are liked it. They thought it was uh just funny. Nonsensical, a good way to relax, rewind unwind, relax, unwind rewind, all right amc, currently at 38.35, the spy and the russell both being sold thus far this morning, but we are not even fit we're 13 minutes into the day. I like to wait those first, those first 15 for exactly moments like this.

Now that particular rule there are going to be many people who are like no. Why would you do that? For me, it's just proven to be a net profitable, wait period um. I i find that there's like just so much whip, sawing that goes on in the first 15 minutes. Does it inherently mean that sometimes you're going to miss good opportunities? Well, yeah, of course, sometimes the opening price is like either the lowest or the highest of the day.

And after if you're waiting those first 15, you might miss a really great move, but i have found for myself, at least at least what the stocks that i seem to be interested in my own um, i guess thought process on the market. I found that, given enough trades, it's net beneficial for me personally to wait those first 15, 20 30 minutes before i really do anything, i'm okay, with locking in a trade like right at market open, but to create a trade, and i like i like to wait. I find that it's beneficial to wait, man, iwm and spy. What what's going on here are people like, oddly rebalancing for october sec, reportedly looking into robin hood's president sale of amc stock.

Interesting. Let me retweet that what is this article sec, reportedly looking into robinhood president's sale of amc stock late last night in a lengthy post summarizing the recent fabrications spewed forth by the citadel robin hood complex. We asked a simple question: did the president of robin hood dump all this amc stock right before they restricted trading? I like how it's still, oh, actually, i've, probably man i forgot about this, like i somehow already put it out of my memory. I forgot that charles gasparino said that he was the one breaking the news he he doesn't break anything.
He literally just looks at people who are like half his age and see what they're saying on twitter, and then he takes it and says that he's like breaking that news. Uh people will discuss things for days, if not weeks before he hops onto it. He's like. Oh yeah, no, this is breaking news.

I have a source and his source is people that he hates on twitter. It's it's fascinating. He has such a interesting definition of journalistic integrity. All right, interesting, interesting, interesting uh, robin hood is in deep shit.

I think citadel's in deep shit too, but to me everything of the way this is uh, i guess playing out it does seem. It does seem as like, almost as if robin hood is in deeper trouble right now, all right, let's get going. Where are these buyers at we've seen pure selling in everything? Thus far this morning, we're 15 minutes in today, let's who's going to turn on the buying faucet, let's get going all right. Let's look start looking for this macd cross.

Where are the buyers? Where are the buyers? The spy is getting very, very close to that support. What was it specifically, i guess, 228.90, so we're about 20 cents away on the spy 228 90., we're now exactly 20 cents away right. There is roughly the key support, i'm watching on the spy. Let's uh, let's get this bounce going.

Where are these hungry hungry dip buyers all right? What else do we have matt good morning? Can you do an or text on prague and check the chart? The next level of resistance - yes, yes, yes, yes, prague, prague's having a great day, i'm 43 wow prague is just ripping right now, uh. So if i weren't, i wouldn't chase prague right now, but if you already had a position from yesterday, i would be watching 234 and really 270 uh and then from there you can watch 290. I don't know right now. My scope would be between 234 270.

That's what i would actively be watching on prague in terms of the ortex numbers on prague, just be careful with it, because there's obviously two gaps below it, but they might get filled after some incredible push. I don't know. I have no prog position: um prog utilization. 98 short interest 56 and the shares on loan after today, probably 200, and i don't know or sorry, 13.

14 million most likely after today. As of now um, that's high, it has the numbers it has the numbers it needs to like do something crazy. Someone else asked me about tmc. I was never really a fan of this one.
I mean people were trying to get all excited about it. I mean i saw videos, i saw people talking about it and i don't know i gave as many warnings as i possibly could have it's now, looking like, maybe some sort of relief bounce, but to see if buyers are really stepping in. I would want to see it close above 563, ideally on some nice volume, it's at 512 right now, but literally yesterday it made an all-time low. So it's the obviously the earlier you buy it, the better your risk reward ratio, but then you're also in the realm of okay, are you trying to catch a falling knife uh, which is why i would be watching the 560 level on it, but be careful? It looks like it gapped up, so it might want to fill the gap.

Uh. Yesterday's high was 461 and the low today was 478, so there is a gap right here which would be a little bit concerning to me on tmc, but, like i said it could fill this like way way in the future. It might try to break and run and push uh and to any of the bag holders, and i hope it does come back up to at least give you the opportunity uh to get out without much pain. If amc closes above 30, i'm getting drunk tonight shout out karthik.

Oh our eight month anniversary, i know you're busy man, but could you help me move my house? Please it's an airbnb, but the tv is cumbersome. What's going on burns hey brother, i made top 15 in the dad bod comp now working on the top ten. That 25k is getting closer shout out david morning, sir how's, your eath yolo play doing so far, amazingly well, like way better than i ever thought. It would uh, i feel, fortunate to catch the tailwinds of powell's, like, i guess, not support, but the fact that he said he's not going to crush crypto who stopped being in greg.

We all know you sold uh. I am very much long on amc and gme vv app. It's nfts could be scam, never heard of vv jacob i'd have to look into it i'll go currently in governance. You'd like it.

I uh. If you're talking about the crypto, i actually own. Some algo recently bought cei and fami. What are your thoughts on these both also, i got into spread betting 250 margin on amc to hit 50 0.1 per point uh, so i've myself never gotten into spread betting, but for cei and fami um.

It depends when you got onto it into it of like how much i'm going to like it or not cei. This now looks heavy um. This is for me would be not the opportunity if i was running cei up, and i saw this daily pattern i would have been like okay, we went below 340 i'll lock in my monstrous gains. I'll wait for this to kill off and depending on when i see like this scenario, where it's a little bit red, but then we see strength.

I would look for the next period of strength and then just base it off with the most recent relative low is that'd, be my wrist point and i'll try to ride it back up, but right now this is definitely weakness in it. I mean look at this run. You have two red days if this goes whatever this level is 289 290. Be careful because this could prompt a pretty quick flush to i don't know roughly 1.70 and look at the rsi blown out don't be greedy.
Um do not be greedy on this play. I mean it over the past week, it's up 65. Over the past month. It's for up 414 percent, a sell-off like you're gon na have people who are just swinging it, making some money and as soon as they say, weakness they'll be like okay time to lock it in uh.

So don't let greed uh, i don't know, destroy your gains on that particular play. All right. Is spy gon na hold here. Look at this off by how much what was the low here 92 off by three cents? Let's see if this bounce actually holds.

That would be a crazy call if the spy actually bounces right here. Let's see if it does remind people not to spoil it, spoil what uh matt look at vv app omi crypto. They have a license with marvel mgm dc. They are awesome, nft company, so i haven't heard of them yet i'll, happily look into vv.

What do you think about? Evgo i've been a big fan. It's on the threshold list. Could you check ortex and char? Please do you see any promise uh too low volume? So uh we know evg evgo yeah, so remember with these ftd short squeeze plays one of the important characteristics not only being on the threshold list. I know it has a high short interest.

I know it has all those other metrics, but it doesn't have the price action right now. In fact, the price action is exactly what you don't want to see. It's just down down down it's different if the buyers step in if this gets above 9 30. If this gets above 980 and starts bending back up, that's a completely different story.

But right now like that's, why i have those lists of prerequisites and that's why i look for them to all be checked off, and i would argue that the price action in the momentum is one of the more important ones and right now like. As of now, we don't see it, but who knows by the end of today, this thing might actually get moving, so this is just something i would be like. Okay, i'm gon na pay attention to it, but i wouldn't throw money at it until i actually see like demand being found somewhere much love from nz. How do you allocate your portfolio at 45, long stocks, 30, etfs, 15, small cap and risky stocks and 10 crypto um? I actually don't know the breakdowns, because i have a different portfolio for all of them like it's, not all in one.

So i have like a crypto portfolio which is slowly but surely becoming pretty hefty. I have a long-term portfolio which i would say it's probably 50, 50 between etfs and long-term blue chip stocks that i like and then in my active portfolio that i talk about here. That's sometimes where i do like more of like, i guess my hardcore high risk high reward bets um such as amc and gme, and actually right now, um my public portfolio that i actively discuss here. It's i believe it's actually a hundred percent, currently amc and gme uh matt good morning.
Can you do or tech check on prog and see the chart next level of resistance, all right, uh, prague? Okay, so we actually did go over that yeah 56 percent short interest. Gh message retracted: i, like the mystery uh thanks, matt de pires, are now forever hungry, hungry dippo's. By the way where's my cattle list, uh start art. Smart, shout out, use it wisely.

Man shout out gekko. What's your take on cei today, looking weak, i mean it had such an incredible run that it's now just taking a breather. The question is: where is it gon na go to um?.

14 thoughts on “Ep 94 crypto gains incoming amc gamestop: apes be flexin’”
  1. Avataaar/Circle Created with python_avatars Straight Pippin says:

    Going to the moooon! Great song!

  2. Avataaar/Circle Created with python_avatars William Karl says:

    Nice video great job on this but I have about 5% of my portfolio in uranium stock any advice on any other stock that I can grow my $300k capital to a million dollars?

  3. Avataaar/Circle Created with python_avatars Muhammed Aishat Yusuf says:

    I can’t stop singing praises to Mystercracks
    πŸ™ŒπŸ™Œ

  4. Avataaar/Circle Created with python_avatars Muhammed Aishat Yusuf says:

    I can’t stop singing praises to Mystercracks
    πŸ™ŒπŸ™Œ

  5. Avataaar/Circle Created with python_avatars Maria Julio says:

    A guest on The Wall Street Journal Report spoke sometime last week about making over $631,000 in 4months with a capital of $100,000, which made me realize that as a beginner i have alot to learn, so please assist me with any pointers or tips that would help me make this much profit.

  6. Avataaar/Circle Created with python_avatars George Kyriakou says:

    This guy is a fake guru. He has made hundreds of thousands of you fellow apes. Please see through this!

  7. Avataaar/Circle Created with python_avatars Gary Malumbe says:

    Some people are just not market/math smart, Find it boring or don’t have the time to commit and learn. And at the end of the day, Investing comes with risk and a lot of people don’t want to deal with it.

  8. Avataaar/Circle Created with python_avatars david says:

    "ARGUMENT

    I. CITADEL ENJOYS UNFAIR ADVANTAGES OVER OTHER

    MARKET PARTICIPANTS."
    From the law suit.

  9. Avataaar/Circle Created with python_avatars TulipanFibonacci says:

    Sounds like K Dot on that intro song hahah dope where can I find it???

  10. Avataaar/Circle Created with python_avatars Hola! Prowess007 says:

    Have a question…I want to move my entire portfolio from Rh….but when is a good time to do that…for instance the stocks are down this week…do I wait for an upward movement or transfer on the low. Know it takes a week at least.

  11. Avataaar/Circle Created with python_avatars David Kelley says:

    ATER ,,, FTD,s on security threshold list ???

  12. Avataaar/Circle Created with python_avatars Robert jarrat says:

    7I'm so happy ☺️ my life is totally changed. I've been earning $10,250 returns from my $4,000 Investment every 13 days

  13. Avataaar/Circle Created with python_avatars Dan Clark says:

    Matt we need the newest song, it’s a bop

  14. Avataaar/Circle Created with python_avatars Christian P says:

    Good Job…..Grüße aus Germany

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