So drop it drop, it drop, it drop it. What is going on everyone? I hope you're having an absolutely fantastic wednesday february 23rd, lots to talk about, as it's been over the past couple weeks, a lot of volatility, a lot of whipsaw, a lot of things going on in the world that clearly has an impact on all the markets. Equities, futures options and even crypto a lot a lot to talk about, and today i was posting this on locals a little bit earlier today, not as feeling as bearish as i was yesterday. I'm really really not.

I mean man, the markets, the spy, the cues, the russell we came up to key levels of support, buyers stepped in then it was kind of aligned with president biden's speech, and i think we actually might get a little bit of a relief today. Now, obviously, we are in a very, very tense situation. Things can happen at any moment, but from a technical perspective we came in at support. It was already an over extension.

We might get a little bit of a relief, at least that's the vibe. I'm feeling this morning, if you look at the pre-market, the spy, the cues, the russell they're, actually all up things from hot, like tensions are still high, but relative to how high they've been it feels like things are calming down a bit. So what i want to do is go over just for especially people who maybe you're not catching every second of every stream of what's happening i'll. Give you a quick recap of what played out yesterday in the whole russia, ukraine thing i'll, give you updates of really how our politics or politicians are looking at it.

And then i have some kind of interesting news. Some positive news, a little bit of bullish news to share about the overall markets, then we'll get into some specific stocks and then, at the end of that, we'll do some short interest. Utilization updates from ortex and we'll do some chart reviews all that fully to get prepped by that bell, going ding ding ding ding at 9 30., but before we get into that, i've already been talking about them for a while. Now - and i just want to let you know that this particular stream is brought to you by public public - is a free commission list brokerage based in the u.s? Currently, they don't have options trading, not an options one.

This is just for stock, but no payment for order flow, no market makers. Over the past year, plus now, we've started to realize that payment for order flow is detrimental. It increases the fragility of the overall market. There is literally no reason at all anymore to be on robinhood to be on weeble.

We just know we. We now understand a little bit better idea of this like pay-to-play nature and how it really is harmful to the market structure to have payment for order flow. Thus far i mean you can see what i have on public. I also like the social media aspect of it of you can see what people are or aren't invested in so once again, shout out to our team over at public very happy to be with them and very happy to be against payment for order flow, speaking of Which i have a little bit of an interesting email, but for you uh this, i got this this morning from weeble weeble influencer program invitation, follow-up, hi, matt kors, greetings to you.

It is i'll just blank out the name from weeble again, i am not sure if we were able to receive my last email regarding potential partnerships. So here i am doing a follow-up. If you did, i understand you have your own concerns about weeble's influencer program and i'm more than happy to discuss it with you anyway. I hope you are having a great day.

I look forward to hearing from you um. I wanted to bring this up not only because obviously like who cares about weeble uh, i'm looking for you, if you guys have any funny responses that you want me to like respond to that email with. I want to pass that along because no way, no way, i've learned my lesson not ever going to be associated with a payment for order flow brokerage just not worth it. I don't even care about the charts when right here you can.

You can see this folks. We already have good charting, no reason to even use weibull charting. We have trading view right here which not even a brokerage. Just a nice charting program, uh i'm in no way no way supportive of anything that weeble robin hood doing it's just we've learned: we've learned kind of the insidious nature the underbelly of what's going on and i'm in no way going to be supportive of it.

But once again this is trading view, as you can see from the lows of yesterday, we're actually seeing a pretty nice bounce right here. Let's take a look at the futures market, the dow, the s p and the nasdaq all in the green, the nasdaq's actually up. One percent s p up 0.7 in the dow not far behind, but once again a little bit of relief going on. So i'm not as bearish as i was yesterday.

I'm not full blown bullish yet because i don't think we're out of the woods quite yet, but there might be a little bit of opportunity to the upside. So a very, very quick recap of what went down yesterday. Was we hit him with sanctions before that? Just because of time differences, the uk already hit russia with sanctions because they're it's a whole debacle. Basically, they're moving troops, peacemaking, not they're, not calling them soldiers, but it's a peacemaking effort into a region that a lot of the world doesn't think they should be involved with, and we said we would hit him with sanctions so thus far we hit him with the First tron so yesterday the first challenge in a series of stiff sanctions to punish russia for invading ukraine targeting two russian banks and the country's sovereign debt.

Uh biden said two: russian financial institutions, veb and russia's military bank would be put under sanctions, basically not allowing them to use the us dollar and the uk did a similar thing. He also said russian sovereign debt will be sanctioned, so russia can no longer raise money from the west and cannot trade it new debt on our markets or european markets ether. A sign of trans-atlantic coordination and u.s sanctions overlapped with those announcements from london and brussels in russia's training session yesterday, with all this, they actually dropped 11 percent in training and i'm talking about their index equivalent to our s p 500 index. Uh biden also announced sanctions on russian elites and their family members would be rolled out in the coming days.

So i'm wondering if we're gon na get an update on that today. Once again, this is the first tranche uh to my understanding and remember i'm no political genius here, i'm not a genius at all, but uh. I don't. I don't think you want to use all of the tools at your disposal in one hit, because if they choose to escalate well, you have to have like more and more repercussions so that all went down yesterday.

The speech was around 2. 30 p.m, like e.t. So about an hour and a half before the market closed and the fact that it was nothing that was inordinate, nothing that was unexpected. We actually saw them.

That's exactly when the market started to bounce was when biden was speaking so from there. There was a little bit more going on on the government sector here. The sanctions of the u.s has levied against russia, thus far following putin's announcements that it would move troops into eastern ukraine. So if you want more of the details, i recommend jumping into this business.

Insider article, but i wanted to actually cover up on this um, so we have a few republic or excuse me. Representatives have joined 39 other lawmakers to urge biden to seek congressional approval before sending troops into ukraine. So this is one of those things where, if you really want to get into our social studies in our history, the president does have certain powers afforded to him where, in a short period of time, he can kind of go around congress. But they're saying hang on, like let's kind of show a united front here.

So just a little bit of an update that came out in the middle of the night and the most recent updates. Are this. Ukraine, to impose state of emergency tells citizens to leave russia immediately actually moments ago, mayor of keeve outlines what ukraine's capital can expect in a state of emergency. Before that the one i really wanted, oh well, we actually have more and more updates.

I didn't even read this yet satellite imagery shows russian military active near ukraine. The one i was going to share even more footage shows ammunition arriving in ukraine from canada, ukraine, defense, minister, okay, they're, getting some russia. Ukraine crisis will probably be the largest war in europe since 1939. Former ambassador says: that's not good um uh, the one i was going to share with you is this right here from 15 minutes ago, when i was prepping this morning, russia says has begun evacuating personnel from kiev embassy.

So still some developments. But overall the tone is a little bit more calm and from the speech yesterday with binon, i just want to remind everyone that he ended on the note of moro, like i don't remember it verbatim, but it was like hang on. There's there's still optimism for a diplomatic solution that was his final statement he's like. I still hope we can solve this diplomatically kind of signaling to putin.

Let's talk about this, let's not escalate it anymore. So a bit of optimism a bit of a silver like lining to this pretty dark cloud coming in, so i wanted to share that. Obviously, this whole situation can break one way or another, but with this i wouldn't be surprised if we actually see some green today from a technical perspective. When we'll go over this in more detail, we came up to support.

We bounced off of it. The tension's still high, but on a relative basis calming down so that's kind of the vibe. For this morning i mean obviously there's news like i mean moments ago, so any piece of news can completely change it. I'm kind of just taking a snapshot of what we're seeing before that market goes digging ding, ding ding, some other interesting stuff tech investors should watch out for a surge in cyber security attacks from russia over the west sanctions.

If you start to see these types of headlines, if this starts to play out, look for cyber security stocks, there's a handful of pretty popular ones. Give that a quick google search that might be an investment opportunity when there are attacks. You commonly see the pattern of cyber security companies going up in value because obviously their products might be more highly desired. Um two pieces of pretty positive news here.

The markets have already priced in a lot of bad news from russia. Ukraine and d escalation could mean a 5 rally says: morgan stanley's, mike wilson, so kind of the same vibe of we've been pricing in a lot of unknowns and the market tends to price. In the most extreme nature, so if we don't actually get that, we might be seeing a pretty nice bounce in the short to medium term, just something to consider and not really to do that. But another piece of positive news, coveted infections, plummet, 90 from u.s pandemic highs, states, lift mask mandates.

New unicorn infections in the u.s have plummeted 90 from the pandemic high in a little over a month. The us is reporting about 84 000 new cases per day. On average, according to data from john hopkins down from a pandemic high of 800 000, as the nation emerges from the unicorn wave, the states and federal government are trying to move past the crisis mentality and that has gripped the nation for two years. Um.

That's that's! Obviously super positive. Finally, i know there's insanity on the geopolitical scene, but the thing that has been kind of running our lives over the past two years we're seeing the light at the end of the tunnel. Folks we are getting very, very close. Are we out of the woods yet? No, but a 90 plummet, hey, that's a good kind of plummet, especially when we're talking about this, so a little bit more optimism.

Um just this is another general u.s. Macroeconomic update home prices, growth hit record in 2021 uh. The case shiller index measuring average home prices in major u.s metropolitan areas is up almost 19, so if you're, a homeowner and you're in the market for selling things are looking pretty good for you. I just wanted to share that because it came out earlier today.

Five things to know before the market goes open and goes ding ding, ding, ding, ding wall street set to open higher breaking a multi-day losing streak. Let's see if it can hold we're going to be going over the technical levels i'll be watching. Lowe's shares jumped on better than expected earnings forward guidance uh, so it beat across the board - and we were talking about this when home depot reported earlier this week. So home depot was yesterday.

Lowes was today they're, very related and when home depot be, and they even raise their dividend by 15, i said there was a very good chance that lowe's beats just because they're so interrelated and that's exactly what happened so and these kind of diy type stores uh We're seeing some growth there, weekly mortgage applications, dropped to lowest level in more than two years. Ukraine issues warning after weeks of reassurances over russia and new daily coveted cases, plunged 90 as us turns corner on unicorns um in terms of the other individual stocks to pay attention to some people are paying attention to fubu after the market closes. Today we have ebay lemonade; tomorrow we have moderna uh nicola, you have etsy. Coinbase is probably one of the biggest ones to pay attention to in terms of the size of the company foot locker on friday, um overall we're pretty much at the end of earnings season.

A lot there's, no more major major names virgin galactic is up. They reported after the market closed yesterday, a little bit of growth there, but overall we're definitely kind of winding down from the major names but alibaba tomorrow, moderna. So if you want to take a quick screenshot of this or if you just want to go to e-whispers, i very much enjoy that account now very very quickly. Let's look at some of the short interest numbers and do a quick chart breakdown to get a better prep for the day.

So right now the s p 500 short interest actually going up currently at 17.1, with the utilization of 96 and once again, that's for the overall market, the s p, 500 for the tech, heavy nasdaq, 100, 13.3 utilization, almost 85 and then for the small cap sector. The russell tracked by iwm short interest of 38 with a utilization of 81., so those are some of the metrics. Now, let's take a look at some of the charting overall, and we were discussing this in more detail on the ttg. The true trading group live stream.

Last night um feel free to like rewatch that but overall, like yes ever since they talked about balance sheet normalization, it sold off, and then we got the first big bounce and now once again we're at this support region where we were in late january. We were also here in october and also a little bit at the midpoint in september. This is a clear region of support the region between 426 428 lots of support found there on multiple occasions, big big region of support, it's a rarity to break down through support or break up above major resistance on attempt one two. Usually it takes multiple tries and that's exactly what we're seeing right now.

I don't think it's that crazy, that we go back up to 437 438. Maybe we test this trend line, but overall, if we're holding the support, i could totally see a little bit of a bounce. Maybe it becomes a massive bounce. I don't know i'm just saying in the short term with things at this point.

If they stay this calm or if they calm down even more, i think it's pretty believable to be like. Okay, we might get a little bit of a bounce now granted. An announcement can come out at any moment that, like completely switches the fundamental situation of what's going on on the whole global scale, so you got to be paying attention to the news pretty actively. But from a technical perspective, bounce bounce, bounce, bounce we're bouncing again and i'm just kind of watching this trend line, going to see what reacts there and i'll be watching this support once again major support for 27 428.

I'm watching the resistance 435 is maybe my first one we're currently at 433 that'll be my first watch i'll call out the levels throughout the day um, but the thing i'm really going to be watching. If there is like a capitulation to the downside, it would be 421. if the s p 500 goes below. 421 closes below 421 has a decent amount of volume trading below that value.

That would be a noteworthy breakdown and we would definitely be in correction territory and then from there. I would be watching this trendline that formed between february and august of 2020, and i would be looking for a sell-off pretty much all the way down to 413 to 15, something like that. In the event we break below 421 and it's a legitimate breakdown on the flip side, if we get above 437 yeah, i mean we have this trend line and then, from there about 443 444, we have the 200-day moving average in terms of the nasdaq 100. Similar thing bouncing right off perfectly off of support and just seeing if it's going to get above for 344 and then from there i'll be watching about 350..

Similar scenario, it seems like the spy. The queues in the russell are not moving perfectly correlated, but in a pretty similar manner, they're, not perfectly rhyming, but they're trying to carry the same tune um overall uh, the spy. Excuse me, the russell bouncing off of key support 195. Currently, at 198 would love to see if it's gon na battle it out at 200, 201 roughly in that region.

So that's what's going on in the overall market now, let's dive a little bit into some individual equities right now. Amc has a short interest of 21 with the utilization almost now two weeks of utilization of 100 and then the same thing with gamestop uh short interest of 21 utilization of 100 uh, so similar numbers, the utilization on both of those has been maxed out, maxed out Maxed out and the short interest hanging out in the low 20s, with amc we're seeing a little bit of a pretty nice gap up up 1.8, it's right at that key level of 1670.. I want to hold above 1670 because above that you have 1825 is the next key level um so i'll be watching that and recently, just from what we saw yesterday, we know there's pretty decent support around 16 but 1670. Pretty much where we're at right now is a key level i'll be looking for, basically the bulls to hold in terms of gme.

It's also up about 3.6 in pre-market training, we'd love to see it take out 125.. I love that it's above 120, but above 125 that once again sets up another test of 130, which is clearly where gamestop has recently been battling, it out specific to gamestop late last night, ryan, cohen, posted or tweeted. Just a picture of shorts like it was the emoji shorts, so people are obviously talking about that and then on monday, adam aaron actually tweeted about um. So there is a little bit of confusion of the shares he does or doesn't own and just to clarify.

Now it's up more, i believe it's up to seven hundred thousand before it was two hundred thousand but he's on a vesting schedule, basically based on his performance, he gets more and more shares. I asked that and it caused like this whole amount of drama on twitter, but actually adam aaron reached out to me and dm me and explained a little bit of his schedule and what's going on, and he has more and more coming in so at this moment. In time he doesn't technically own the 2.3 million shares, but based on performance, that's the equity grant. That will be like kind of rolling into his name based over a certain period of time, and then he gave me those dates and that stuff of when we could talk about it, if there's any interest but uh, he does, i believe, he's up to seven hundred Thousand, it's in this tweet on monday feel free to check out his twitter page um to take a quick peek at crypto btc bouncing off of 36 000.

All the way up or excuse me, yeah, 36.5, all the way up to 39. So seeing a bounce not only the equities and the futures, but also crypto you're, seeing east bounce off of perfectly 2500 to 2700 solana, avalanche overall you're, seeing quite a bit of green right now in crypto. So we're just seeing the continuation and the correlation between crypto and specifically the nasdaq 100, which is then also correlated with the spy, but the fact that you're doing two jumps. The correlation weakens a little bit, but money flowing back in people are taking this.

We're like. Okay, is this the dip to be bought? Obviously, hindsight will eventually prove to be 2020, but for right now people are taking stab out of saying. Okay, we're at key levels of support. Tensions are calming down and as long as they don't get worse in given enough time, this might actually truly be a beautiful dip buying opportunity.

But once again you got ta stay. I guess very, very vigilant. I want to show you the vix. This is volatility for the s p, 500.

So we've had these crazy swings. Crazy swings, crazy, swings, um right here we didn't actually get as high as we were back in late january. We ran up to about 32 and it might be like a head and shoulder type of setup shoulder head shoulder. If that's true and volatility continues to sell off, look for the market to continue to go higher, i'd be watching the main support on the vix at 24 and looking for the breakout at 32., the breakout of 32 will most likely.

I feel very confident about this. Be associated with a sell-off in the market, but on the other side, if the vix comes down to 24 and breaks below 24, most likely gon na be associated with the markets going higher and higher and higher. So that's the rundown for the markets. Amc gme! Let's take a quick sneak peek at some of these other ones.

I've been watching this flag for quite a while on tesla a lot of people. When i was saying hey, it's not that crazy for tesla to hit 750., they didn't buy it, but it is still possible. But if we see the market start to bounce well, i'm looking for tesla, basically to re-test 860 would be my first level with support around 800. kind of a wide range.

But we know tesla can be very, very volatile. We know dwack recently getting hey a lot of excitement because people are starting to sign up. I'm signed up for true social, i'm about 250 000 on the waitlist right now. Yesterday there was quite a bit of a gap up and then it got the gap fill.

I like that, the gap fill was already taken care of um, especially if you are going to continue to be bullish on it. We can watch dwack throughout the day, currently down three percent in pre-market trading, but looks like something that could have quite a bit of volatility, especially because, where there are some fundamental updates for d-wack d-wack, somewhat related to cfei. This is the spec that is associated with rumble shout out to everyone on rumble recently had a pretty solid push right now coming down to its own gavel at 1280, it was very close to filling it yesterday was off by about 10 cents. So i'm looking for that gap fill on cfvi in terms of apple, just the world's biggest stock, a little bit of a downtrend, but like the qs getting a bit of a bounce this morning, i'd be watching 167 um and then just because yesterday, semi conductors were Doing pretty well uh nvidia up one point: eight percent in pre-market right now amd currently up two percent in pre-market and then micron up 1.6.

So that's your very, very brief. Rundown of what in the world is going down today. I could throw up what are the big movers this morning, we'll throw up amc there, we'll throw up gme here and then we could also throw up. I guess dwack uh has getting some crazy movement, so these are the things that we can watch at market open.

The overall market, dewac, amc, gme and then hey feel free to. Let me know some of the major movers, because, if they are, they definitely deserve to be on the chart. The things that go on the chart are the things that are moving uh, we're not really going to waste time watching things that are just going sideways. That's what i have for you.

I know i want to turn over the last eight minutes to all of you to like basically hear whatever your questions are. Questions comments concerns anything like that. Let them fire away moon gang. Let's check out prague more than happy to what's going on with prague, prague, prog prog getting beat up recently getting rejected at two uh.

It's at support kind of right now of 140 would love for it to hold that. We also have support at 120. uh. It's definitely been falling from grace uh ever since november.

This has clearly been a bearish trend. Um uh we're i'm looking for a breakout of two. My average is pretty much four dollars, but i'm still sitting because this is a long-term play for me uh. The problem is we import nearly 20 million barrels of crude and petroleum from russia every month.

We are very much dependent on russian and opec right now, uh yeah, so with the whole russia, ukraine situation, a lot of the concerns are related to the energy sector. I mean we use a lot of energy supply, is being crunched, demand's, actually rising, and that's why you see oil recently going up to almost 95 dollars a barrel. What else do we have ostk owe it? Overstock is up uh overstock just had their earnings oversaw. Currently up 29 and they destroyed their earnings, apparently apparently missed on revenue and beat on earnings per share.

Did they must have announced like a share, buyback or a dividend, or something like that uh to be up this much ostk up 26 26 cents from a year ago, estimated 28 pre-market um? I thought that would be bigger news, whatever it is, overstock ostk up a cl, a huge amount. When i see something like this no way would i be chasing it out of the gate. There's just too much of a risk of a gap fill um. So i would want to see if it holds and if there's actually momentum i'd be seeing if it breaks out of i'd watch 47.50 then 50 to the top side, and i would watch that support of 45 to the bottom side.

Those would be my watches out of the gate, but um i wouldn't be chasing it. I would just be watching it. I do like the big movers big movers, big volatility - that's where big money is made, but also that doesn't just arbitrarily mean i'm going to break my own trading rules. Overstocks t0 ats says successfully launches clearance settlement functionality for securities.

That's actually a pretty big deal. Okay, so that's exactly why um the t-zero i didn't know that they i've been waiting for an update about the clearance thing. I'm surprised! That's not blowing up a bit more on twitter, interesting, interesting, interesting! I'm gon na dive more into that and, if there's a little bit of meat to that story, i'll cover it in the afternoon stream. Happily, happily, happily, that's pretty cool.

Is the war propaganda over uh? Potentially, i don't know surprisingly, they don't ask me about that, but it does seem like things are calming down and you're actually seeing that in real time in the market, but hey that there's still a lot of trade uh trading hours in the day today. Matt did you watch the ama for shiva? I did not when there's big events like this. That's the kind of thing i pay attention to um when there's potential a potential avenue for world war. Three to me, that's kind of the most pressing matter and that's where i'm gon na spend my time and yesterday last night i was reading about the history of russia and ukraine, and i realized that it ended up like the story between russia and ukraine.

It started about a thousand years ago what we know as russia started, essentially in what we now call ukraine, and there was a crazy amount of stuff and the most recent development. Big developments was more in 1991 when they gained their independence after the soviet union fell. Um to me, i try to stay on top of like the pressing things like that seem to have like a huge, huge impact and i'm not saying sheep isn't worthwhile to pay attention to it's. Just i'm trying to pay attention to things that like could have a clear impact on like the world as we know it.

What do you think about um uln? True demon made a good video about it, having a high short exempt um. I don't know much about m-m-l-m-u-l-n, so i can't really speak to it. I heard from a guy that apes were selling their amc shares for robin hood. Obviously, that's a lie.

I'm not saying you're lying, but maybe you are, but also the people who told you that are definitely lying world war iii is a distraction from amc. Some people are seem to be acting. That way, which i do think is a little bit silly. Do you still have your uv xy calls, or did you? I still have my uv xy calls.

That's my hedge in case, something like goes crazy overnight. It's a relatively smaller position. My bigger positions are the spy credit spread which is currently as of market close yesterday. That was up 75, so i'll be capturing profits on that today and rolling it into another positions.

These credit spreads are more of your weekly monthly income strategy that thus far were two for two. I post all of those in locals, and they have been absolutely crushing. It um, i think, there's a little bit too much of a sentiment of in this community of people trying to always have like grand slam trades on every single trade. That's it happens, but it's not that common um, you're gon na want more of like just like basic monthly income weekly income strategies, more of like a wash rinse repeat type of a methodology, and that's exactly why i've been posting.

The credit spread plays on locals and i'm going to be closing the second one today for a nice percentage gain a very nice percentage gained. I need to learn credit spreads for the after the squeezes. You should be learning them now for now to make extra money. What else do we have? What else do we have um before that bell goes ding any ding, ding ding? I just want to remind you that this opening bell is brought to you by public.

It is free to sign up, and on top of that, up to 70 in free stock. When you make your account, when you get some money into your account, i think you need to have a verified deposit of 100. You can put a hundred dollars into public and you will get up to seventy dollars worth of free stock, public dot com, slash macquarie. It's also pinned to the top of chat.

It's in the description, the video. Why i like this brokerage, this stock brokerage for u.s residents, no payment for order flow, no market makers. There is no reason to be on robinhood, there's no reason to be on weeble. We know they are selling your order flow to citadel securities.

You are trading off lit exchanges that is not true, with public 75 of their trades go right to a lit exchange and the only time they don't is when they have the legal obligation to go off exchange because they found you a better price somewhere else. To me, it's crazy that from their data that they've been like forthcoming and very transparent about 75 of the time, your best price, your highest quality execution, is on lit exchanges. This brokerage right here, i'm so happy to be partnered up with them because they are changing the entire narrative surrounding this whole debacle of selling order flow, and that's the only way to get commission list trading it is not. Public has come up with the business model that proves you can trade for free and you don't have to get completely destroyed by citadel by virtue check it out worthwhile to get onto ding ding ding.

The casino is open all right. Let's see how this goes today, as always, i'm going to wait those first 10, 20 30 minutes just to see how things end up really playing out and then maybe we can identify a nice trend to get maybe uh a day trade. Maybe a small swing trade, something like that friends, don't let friends trade on robin hood, that's hilarious! Motley fool is the leading lots of articles and tweets kramer has been off of mad money for a bit. This is, in my opinion, all about the doj investigation um.

They were investigating, like activist short sellers, though people writing those articles, i'm not motley fool may have, but i don't know if kramer has ever really written a short article like he may like. I would have to look into it uh, but the doj investigation. It's interesting. I'm i'm curious very curious, what's going to come from it um, but remember.

The big target is on kind of like the citron researchers of the world. Muddy waters hindenburg, i think another one called fuzzy boots. These people, who kind of like write these hit pieces on companies and certain ones, have a big enough following that it doesn't matter if it's truth or not as soon as someone writes it, they end up just going the stocks end up selling off anyway um to My understanding, that's like at least one of the major doj investigations at this moment in time, uh and you never know when you're gon na get an update. But let's see if it's coming soon um in terms of the s p.

500. The first support i'm watching is about 81 cents below where we are 432 is a key level and below that 430 uh to the top side. I'm actually going to be watching this pre-market high at 4, 33 20, but we've seen quite a bit of whipsaw between how the start of the day goes and how we actually finish. So remember that and really if we sell off right now, it wouldn't be that crazy.

If, by the end of the day, we actually see a pretty nice rally, because it seems like we're getting these big v-shaped movements on an intraday basis, sell-offs that lead to pops or pops that lead to sell-offs um and i'm just bringing that up, because i think A lot of people are getting whip solid by those trades, so be prepared for volatility, be prepared for these swings. What would gerardo do is gerardo in here today. Shout out to gerardo. Are you? Are you here buddy? How important is 100 utilization um? I don't know how to define the importance of it, but it tells you that there's quite a bit of appetite to short the stock that has 100 utilization.

It tells you that the bears are being very aggressive and kind of uh like outspoken, with their position, but i i i don't know like important of how you would like it's all important. The short interest is important. The utilization is important. The fundamentals are important.

The technicals are important, it's all important, it all is part of like how the price is like gon na the trend is defined. The price is defined. It's all important. Is it true that they are going to reset the price of amc to 73? I've never heard that and i've never heard of them resetting a price.

I've never heard of a reset. I don't know where you're getting that from. I don't know if that's a legitimate question, but no i've never heard of that, but i could already tell you they are not resetting the price of a stock uh someone's asking about matterport um hang on very quickly. Amc is at that key level of support.

That 1670 1660 level at support right now, let's see if that can end up holding um. Where did that come from folks there's no such thing as a stock price reset whoever's telling you that does not know what they're talking about stock price resets don't exist. That's not a thing, whoever, if you're hearing that on reddit, if you're hearing that on twitter, if you're hearing that on youtube, if you're hearing that on on twitch or rumble or myspace, it doesn't matter even if you're hearing it on only fans, whoever you're hearing that From understand that person's a joke, like i don't know if they meant it in jest, if it's like, they meant it as a joke, but stock price resets. That's not a thing.

Oh figures, that's who said it! That's so silly! That's so wildly silly folks! Stop believing people who don't know what they're talking about stop believing people who have never shown a single source of evidence, stop believing people who have never proven that they are even in amc or gme or have any knowledge of the markets at all. This is this. Is so wildly out of hand, i'm telling you folks, it's not a thing, it's just don't! That is not a thing! A stock reset well like that, that's so wild, that's so wild man that, like people are even starting to i. I just don't even know how you could come up with that.

What happens like, even if you, google, stock price reset nothing, surprise, surprise. Nothing comes up. Oh man, oh man! This is folks. I'm aging way too quickly doing this.

My my hair is going to be gray by next year. My hair, my hair, i'm it's gon na go gray. I i feel it going gray all right well, this is the first support. We were talking about 4.

32. Let's see if we can find some buyers there, let's see what the market's going to give us today. Let's see what the market will give us today, 432. If that does not hold, then i'm watching 430.

if 432 does hold well, then i'm watching once again remember what we were calling out. This pre-market 433 20 i'll be watching that level. So this is probably the kind of ping pong region on the very short term that i'm watching out of the gate today. This is what we're watching out of the gate reset my wife, um.

Okay, it looks like we have some barcoding thus far in amc and jimmy jimmy we're looking forward to hold 120 um prem like the intraday trading, not looking the best but still technically green on the day. Gme up 1.7 amc up 1.6 prague up 2.3 um how's overstock doing that was kind of interesting overstock up even more uh. I believe the resistance we were watching was also that key psychological level at 50. So if you're in this overstock plate, that's what i would be watching there, at least it's not your eyebrows, adult do-over equals stock price reset psi.

Oh man, just look at the data point people coming back to uh the ice shanties all right. What else do we have matt treat yourself and watch the movie wag? The dog cootery o t, o o t o k. O d is down 80 percent. Kodak must have some negative announcement had to come out getting destroyed.

No way would i buy. That was it in earnings um, whatever it was had to be very, very bad. I would not be chasing that. How was facebook doing talking about things that are just going down facebook's still going down? Remember when it gapped down and then after the gap down and everyone's like yeah and by everyone, i don't mean you - i mean mainstream media's like you should buy facebook.

Well, if you did that, you would still be down 15 15 check. Matterport matterport is one of my kind of i like it for a metaverse play uh down quite a bit, but we're seeing bullish divergence in the relative strength index earnings. They beat on revenue, miss on earnings per share um. If this starts to show a little bit of strength, maybe a gap-fill continuation from 7.69 - i might actually invest in it.

I have no matterport right now, but i'll be watching that uh, clear bearish trend, though ever since december 1st, so i would want to see potentially a trend breakout look at that the spy strong. How off was i i was off by three cents. It's been a while, since i've been spot on once again. My apologies, i know you guys tune in for a little bit more um accuracy.

I know you guys come here and you're like we. We we listen to you because we expect you to be spot on and these call outs when you're off by three cents. It's simply unacceptable and you are not wrong. It is unacceptable.

My apologies and i and if i know, you're, getting tired of it. You're, like matt, this always happens and you keep telling us you're gon na be better and then it happens again and it's it's not a healthy relationship for me to keep doing it like that, and i want you to know i'm attempting to be better. I'm just obviously it's not playing out like i wish i could be better. I don't even have an excuse.

I can't be like, like i want to say in the future, i'm going to be better, but it's now we're starting to see a pattern where what, if i'm not - and even this i called out 433 23. - we hit 26 off by i'm off by three cents. Two times in a row i understand, if you want to stop watching to the down. I was wrong in two directions by the same amount.

I just i don't know, i don't have an excuse. I just i just don't know about the markets. I just that's it. That's the answer i just don't know about trading.

I was supposed to have potential supposed to being the operative word there and i think evidence suggests the otherwise. You need to reset yeah i'll just get reset. That's what we need all right: uh amc holding its support level. How off was i on that one? I called 1660 1670 hit 1662 off by two cents on that one unacceptable, unacceptable, 120 on gme off by 10 cents on that one today is just not a good day: six cents, amc 10 cents on gme three cents on the spy.

I don't. Maybe we should just end this stream early. Maybe we should just end this stream early rug, t-money just already calling out for the rug, rug, uh so range bound, thus far, not really seeing a clear trend on the overall market. But let's see, let's see, let's see, jesus man shut the channel down all right, maybe tomorrow the thing about having potential.

Is you never know if it's like gon na come to fruition that day it might be a tomorrow thing. I really do like how gme is holding 120.. Let's stay there. Let's stay there, overstock coming down from 49.50, don't even get me started.

I called out 50 on that one that one was awful. We were off by 29 cents on that one. That one is truly unacceptable. All right, the cues at the q's hang on wait is that an important level kind of 340 could lead to a solve to 330 for 340 to 334, and we are seeing the small cap sector actually once again outperforming.

That's been kind of the tune over the past two to three weeks of the russell outperforming. What do we have here? 197.50 gotcha gotcha gotcha gotcha, so i am watching on the nasdaq 340 right here. Let's see how this does or doesn't react 340, if it doesn't hold, could lead off to 334 and obviously, with its correlation to the overall market, could drag the spy with it. One thing i wanted to discuss is um.

I i think, there's maybe to some of you not to all of you a little bit of confusion of why there's been such an emphasis on the spy on the queues on the russell lately uh, especially when there's clearly still quite a bit of interest in amc And jimmy um, i should probably make a stand-alone video like articulating this, the chance of amc and jimi doing well. If the overall markets are in turmoil, if they're in chaos, if the spy of the queues and the russell are selling off, it will be extraordinarily difficult for amc and jamie to perform in a bullish manner. It just will be that's how things work if it's it's already like, you can see over the past year, it's been already a crazy uphill fight when the spy in the queue and the russells are already just easily ripping because of the fed. But now that you have the fed being a little bit more hawkish, you have geopolitical tensions, you're, seeing a little bit of uncertainty in the overall market that is providing additional headwinds against amc against jimmy against the overall market.

The february we are seeing right now is not in any way similar to the february. We saw a year ago, february, 23rd, today february 23rd, last year, two different scenarios because of the macroeconomic environment um. Once again, this is never something saying of like. Oh one hundred percent zero percent, like it can't happen, no, it's just more of it changes the gradient of the odds of like okay.

Was it more likely, and now it's on a relative basis, less likely, i'm never ever going to say something is not going to happen, i'm never going to say 100 guaranteed zero percent chance of it happening. The market doesn't work like that. The market is that gray area between one and ninety nine percent, but it's silly to think that this is the same february as it was last year. It's just simply not it's a completely different macro economic setup and it's important for all of us to understand that.

Not just for amc and jimmy, but for literally any individual equity you are possibly watching. Oh man was i off again two cents, that's unacceptable! 3402. What's the point of calling out 340 when it's only gon na hit 340 and two cents off again, two cents on the spy three cents in two directions on the spy two cents on the cues? It's embarrassing shoddy work shoddy shoddy work. I don't know why kinky, i can't see your message morning gerardo morning.

Everyone love you all shout out. Kinky kong you're always bringing the good vibes. I understand if you guys don't want to watch after that. Cue call out.

Every penny matters the man, the myth, the legend gerardo all right. We are just ping pong and ping-ponging in the spy. No we're just this is the definition of range bound when you hear things are range bound, barcoding, something like that. Pretty good indication right here on the spy, we're just bouncing off the exact same support the exact same resistance.

If you go to something like the three minute to five minute, this is a little bit more of when you're going to see what people refer to as bar coding. It's just. We have to wait for a breakout either a bullish, breakout or a bearish breakdown, patience, patience, patience, patience, patience, patience. Can we get vortex on walmart, yeah? Happy? Let me pull that up, for you hang on one second, walmart wmt, i believe, is the ticker walmart walmart walmart short.

The short interest on walmart is 0.9 0.9, with a utilization of 0.06 not being shorted at all. Well, it's technically being a little shorted, but you get my point: no noteworthy amount of short interest, none nada! I mean i already have gray hairs and i haven't had eight years to study relationships. What's going on dallas shackman, what's going on travis prophet, what's going on shout out to everyone on rumble, uh endo, big sarge? What's going on the little secret, twitch and twitch fam, we have going it's not so secret on rumble! You guys grew pretty rapidly over there and obviously it's my birthday des api, shout out man, happy birthday, um. You think it's time to sell amc, i don't think so, but i also don't make calls for you, i'm not selling mine.

I don't, but i already told you when there's two scenarios in which i get out of amc and one of them isn't technically getting out and the same with gme scenario. Number one for both of them is the bad scenario and that's when the stock hits zero. The stock the company goes bust. That's scenario, number one that i don't want to play out scenario.

Number two is the shorts cover, so those are the two ways in which i get out very chill question, though, what else do we have travis? Maybe we should just pick a bar by your place and invite matt i'll come. I don't know where you guys are at all, but if it's by me i'll show up no direction. What like whatsoever in the spy, the queue is looking a little bit heavier still watching 340.. We oops sorry hang on wrong one uh, the russell once again outperforming i like that.

The russell outperforming is generically good for amc, because amc is the largest holding within the russell. Remember if the russell's going down remember when an etf is an exchange traded fund, it's a basket of stocks. You buy this basket and you're getting a proportionate amount of exposure to everything within that basket. So if the basket is going up well, the people who control the basket are going to buy more of the things that go in the basket.

If the basket's overall value is going down, they start to sell some of the things in the basket. I just want to be very, very clear, because if you see the russell going up, it legitimately can lead to them buying more amc. If you see the russell going down, it can legitimately lead to them selling more amc. That's why it's so important, particularly for amc to track what's going on in the small cap sector and it's all because of the nature of exchange, traded funds.

Uh looks like we are getting a support breakdown on the spy and on the qs um, the qs. My next watch was what was it like? 336. 334. Oh brother, oh brother, oh brother, oh brother, my next watch is 3 37, just on the two hour chart 337.

Let's mar let's map that out. Oh, why do i have 338? Now now you have me second guessing myself, t team team team. Did we just did the bulls just get rugged amc going flat, hopefully can hold the support at 1670, 1660. gme is actually holding up 3.2 percent.

I like that. I like that. I like that uh dwack is down five percent, that one's getting hit ribbing down. Three t-money wants me to inform all of you that he told you so so t-money told you also just just so.

You know. Oh, oh, oh, oh um hang on one. Second, it is time i am up 81 on that spy spread, create, closing order, confirm and send let's lock the money in money, money, money, money, money, i'm trying to get out of the full spread, all right locked in the second spread. It cred was a success.

Locked in over 80 percent nice nice, nice nice did it did it did it? Did it filled wait? Why was that wait? It's not technically filled hello. Close this now, no, no okay! It is good locked in 80 gain on that spread. I will uh keep everyone updated on that in locals and i'll be placing another one today. Actually, let's, let's try to find one right now, let's do it as a team, a team, a team, a team uh.

Let's see, let's see, let's see uh, i want. No. That's a max return. I want to do the cues wait.

223! That's for today. Are we gon na? Be that crazy that we do one for today, 3 43.. Let's do a oh wait. Can i do that? I don't know if, because i don't really know if i want to day trade these 323 - let's see, let's see percentage of profitability in coin 225.

That's not a proper calculation. 3. 4. Ups.

445. A 445 by 446. That's not a bad deal. Team 445 by 446..

Expiration three four, four, forty one by four forty, two, a fifty three percent, four forty one by four forty two, i kind of like that so 441 by 442. Let's go back. Let's make some money team all right, we're gon na do another spread, and this one 441 by 442. I, like this vertical 441 by 442., give me the money all right i'll, let you know if it gets filled, expiration date march, 4th 441 selling that one buying the 442 all for the spy um, the i'm attempting to get f filled.

Why is this not looking right, i'm trying to get filled at .34, which would mean that i'm risking 66, so i'm looking to make 34 risking 66 dollars and the percentage chance of making some form of money is 70.76. So i'm basically taking this trade right here. Uh i sold the farm attempting to sell the 441 i'm attempting to buy the 442. The difference should be around 34 35.

36 cents. That's your profit per one about 35, which means you're risking about 65 and your max return pretty nice 50 and i'm willing to risk about 65, which means per spread. You have to have at least 65 in your account. So if there's 65 dollars in your account, you could take this trade.

That's like the minimum you would have to have, but i also did not get filled just to be clear with everyone i'll. Let you know if it gets filled. Oh it filled two of them. I'm trying to get multiple i'll, let you know if the full position fills and when it does, i will update.

Oh, it just filled nope one more to go. I'm buying a group of them because i, like these trades, it's easy peasy lemon squeezies. Where can we learn this? You can learn it right here i mean i post these videos on this channel on coors light uh you're gon na want to sign up for locals. Basically um.

There is a free version of it and then there's also a version. That's ten dollars a month or a hundred dollars for the year, and literally one of these trades will pay for it for the entire year. The the two credit spread plays i've already given out. If you played it, you would have literally paid for the full year of locals already, either of them individually.

What expiration march forth - and it looks like i just got that fill. I am in you're boys in all right, i'm going to update locals very very quickly. Just so the world knows oh, and i need to update it that i close the other one hang on one. Second, let me just put on the right information.

441. 442. How much did i pay per one? I just want to give everyone the right information to do march, 4th we're trying to collect 34, which means we're risking 66, and i believe the percentage of profitability was was 70.7 70.76, all right so to everyone here, i'll i'll quickly. Show it to you just so.

You have a better idea of. What's going on, uh credit spread play a spy call credit spread. I sold the call at 441. I bought the call at 4 42.

The expiration is march 4th the difference between the selling and the buying was .34, which means per spread. I stand to make a max profit of 34. A max loss is the difference between these so 442 minus 441. A dollar minus your potential max profit.

So a dollar minus um, 0.34 0.66, the percentage chance of making a cert any amount of money of just being profitable is 70.76. My goal, like the previous one, is to make a 50 plus percent gain and then roll it into another spread.