Uh, so, ah, what's going on fam, what's going on hello, hello, i am back and my stomach is halfway to being better weird update. They gave me this thing called on dan cetrin andean cetron. I don't know it helps you not vomit, but i vomited like 10 times yesterday. So if i'm looking abnormally fit, you know exactly why now, let's get into the important stuff, it is judgment day the federal reserve.

This is the second day of their two midday meeting for the fomc federal open market committee. It's where they decide the fed rate and other things depending on what's going on in monetary policy at that moment in time, and at this particular moment in time we have a lot going on in monetary policy, so we will be getting more clarity that i think, Will be setting the tune most likely for the next couple months, but also a good shot for the remainder of this calendar year. This is a very, very important day in all reality, given how i feel this is the day that i would not be working, but it's literally that important that i drug myself out of bed to sit here and be with all of you to kind of talk About what to expect or what to at least be looking for but remember, the action is going to be the later half of the day. It's a second half of the day thing uh the results come out at 2 p.m.

Eastern and then powell will go speak at 2 30.. We'll do like a press conference where he gets questions and all that so obviously we'll be diving into that, but we do have some other things to hop into. So let me switch right over to this all right, so the overall market right now uh last night or into market close and then right after the market, officially closed normal trading hours. We saw a lot of actual bearishness and it was kind of interesting because it was all led by microsoft, but as you can see right before, it actually ended it shot up and now everything's in the green uh.

So some wild action there and we'll get into like everything that really did play out. But, as you can see, the dow, the s p, the nasdaq oil on the green yields down a little bit still hanging out at 1.78. I do want to dive into the s p since the normal market's not open, quite yet, here's the s, p, 500 futures, currently trading at and 4. These are the levels i will be watching throughout the day, especially as we hit 2 p.m, as we hit 2 30., i'm looking for the bulls to attempt to get it above 4435 and then from there 4455.

This is exactly where the bears would have to step in if they don't want this, to have like another 100 point rally um just from how i'm seeing the chart. On the flip side, the bears are trying to get a breakdown of 4 385. If the bulls can't protect that, i'm then actually watching 4 320-ish. Another level i will watch is 4360 as like just like a medium-term target, but overall these are the two, the bearish and the bullish region that i will be paying attention to, especially in the second half of the day.

The first half of the day is a really weird thing: just because does it really matter when we just know at 2pm there's going to be extreme volatility now i do before we get into the breakdown of everything um for now for the whole week, i told You i was going to go into the fed meeting flat well, that plan has changed and it changed because of the food poisoning i had yesterday. I thought i was flat. I thought i was sitting there and i had a tesla put early in the morning and i thought i had gotten out of that and then i spent the rest of the day, basically crying like a little baby. On my bathroom floor i didn't realize i still had those puts and unfortunately for me, if you look at tesla right now, it is gapping up and when the market opens, my puts are going to be so like the percentage loss is going to be so great.

That at that point it's either a full hit, or maybe i'll just get lucky uh with a fed meeting if it comes in abnormally hawkish, so i just want to keep everyone updated on that. I want it to go in flat. I wish i were going in flat, but um right around here, i wasn't paying attention. I thought i was flat and then it ripped my face off into the rest of the day and then i checked it around the evening i was like.

Oh, this is good, and then i woke up this morning and obviously not that good, but that's my own problem i'll keep everyone updated on what i decide to do. Dow futures rise 400 points uh, and a lot of this is exactly because of microsoft. Remember we are in the middle of earnings season and at first it was kind of funny um when you're sick, like that you're kind of like dazing in dazing out and on the tv i just arbitrarily put on bloomberg and the market closed and microsoft had reported And everyone on bloomberg, they were just so confused they're like what do you. Why is microsoft, red? It was down five percent.

It was down six percent, it didn't make sense because it did very, very well. Microsoft beats on earnings and revenue delivers upbeat forecasts for fiscal. Third quarter, so this line right here upbeat forecast for the fiscal third quarter. This is what changed everything so at first we had the numbers the market closed and we knew they beat on earnings.

We knew they beat on revenue and it actually went down because of this little line right here. Revenue for microsoft, azure and other cloud services grew 46, ending a streak of the four quarters at or above the 50 mark. So we had their whole cloud. Computing sector grow 46, but be because it wasn't at its normal 50 mark, like that's still crazy growth.

It almost went up by 50 and people were like. Ah - and this is kind of representative of the absurdly high expectations that we are putting on growth in the tech sector right now - which i would actually argue does somewhat impact um the likes of crypto, but anyway, we could talk about that later um. It was literally because of this everyone's like well, it grew a lot, but we would have preferred it to grow even more and that's why microsoft went down five six percent and it wasn't until they came out and said no we're actually because a lot of companies Right now, they're either not giving guidance uh, i believe, ibm, didn't give guidance and then other ones are kind of giving lower expectations, lower forecast guidance for the future ones. Future quarters microsoft came in and said no we're actually very, very bullish.

Overall, we didn't really get anything about the activision acquisition. The company's gaming business is in the spotlight. After microsoft said it would acquire call of duty, publisher, activision blizzard, for almost 69 billion. We didn't get re.

They didn't really comment on that. So no new updates there. If that was something that you were particularly paying attention to, but the revenue 51.7 billion, this is versus 50.88 in the earnings per share 248 versus 231 expectations. So it beat things went red just because it grew at a phenomenal rate, but i guess it, everyone expected a bit more and then it really turned around late last night and then obviously into this morning, when they're like no, we are very bullish on our own Future, so this was microsoft.

Texas instruments also did very very well. This morning we had boeing a t. The big one today will be tesla and intel after the market closes and then before the market opens tomorrow we have mastercard, uh mcdonald's jetblue after the market closes. Like it just goes, tesla intel, we have apple robin hood visa and then before the market opens on friday, we have a lot of energy plays.

So remember we are in the middle of a pretty ridiculous earnings season. All this stuff will have clear volatility, especially the big players right now. The entire market up, you can't say exclusively because of it, but it has a lot to do with it is because of microsoft's report so um. I would expect um similar.

I guess like strength in terms of impacting the overall market on its earnings from apple and then to a lesser degree, also tesla, so lots of important things coming on, especially if you're invested in maybe some of these for your longer term portfolio or something worthwhile to Pay attention to five things to know before the stock market opens wednesday. Today january 26th aka judgment day stock set to jump at open on wall street's wild swings continue, that's exactly what's going on a lot of people, huge huge volatility. No one really knows what to expect people are pointing out their best guesses, but hey it's a flip of a coin. Let's find out how dovish or hawkish are actually going to be fed expected to single march rate hike further policy.

Tightening the fed is likely to signal the fact that they want to increase interest rates. So, like the last time we heard from them they're looking for three interest rates uh at the end of the year. They want to be at point nine percent, which is suggesting a rate hike of 0.3 for three times now. They could come in a little bit more hawkish and say: actually we want four.

We want five. We want to end at 1.2. We want to end at 1.5, or they could, at this point, be a little bit more dovish and be like yo. Why is everyone freaking out like what we said we're going to end at 0.9? That would be what i would consider a little bit more dovish.

As of now in terms of tapering, they've been purchasing a lot of assets, 120 billion a month all the way up until november anyway. Uh, as it's expected that the tapering will go to zero in march, they might keep that they could be a little bit more hawkish. If they want to speed it up to feb, they could be a little bit more dovish. Basically, if they keep it or if they want to push it out, but i highly doubt they would push it out.

I don't think that's really an option at this moment in time. The third thing is tapering tapering. No, no excuse me not tapering. The third thing is a balance sheet runoff.

That is the thing that came into this game january 5th in the notes from the previous meeting, which was mid-december, i believe december 15th uh. This is the new kid on the block that everyone has answers or questions about, and we're looking for answers today. How aggressive are they going to be with the balance sheet? Runoff uh, this quantitative tightening, also known as qut before, when we were doing all this purchasing. It was qe quantitative, easing just a way to backstop and make a more accommodative uh environment for the overall market.

Anyway, it's the new kid on the block we found out about it january 5th, and everyone is looking to them today to say: okay, how aggressive do you want to be and what's your timetable and obviously the more aggressive and the shorter the timetable? That's more hawkish! The less aggressive and the longer the timeframe timetable that's a little bit more dovish overall pay attention to jerome powell's just like kind of tones on everything. If he has more of the tone of we don't get why the market's going down right now, everything's fine everyone's overreacting, that type of a tone, i would say, that's pretty dovish of like no we're sticking with what we've been telling you all about. If his tone is more of yes, it seems like the implications of inflation, are a little bit more vast than we've previously expected or predicted, or been even prepared for. Well, that's a little bit more hawkish.

So, overall, if you're not just going to dive into the specific numbers, uh and measurable metrics, look for that tone of like is he more of like? Why is everyone freaking out dovish, if he's more of like? Maybe we got this one wrong. We got to like be a little bit more aggressive in battling inflation, that's going to be a little bit more hawkish dovish market's going to most likely go up hawkish market's going to most likely go down. I don't have the exact statistics for you, but there is a common saying, especially when it comes to the fed. Well, the first one is don't fight the fed, but also on the day of fomc, meaning uh.

Typically, the first jolt of like the reaction in the markets is commonly the wrong one um. I don't have the exact statistics. Of course it's not a perfect rule, but i just wanted to share that with all of you. The fed is expected to signal at its meaning this week that it's ready to raise interest rates as soon as march and that it will consider other policy tightening the fed issues.

Its policy statement wednesday afternoon at the end of its two-day meeting and is expected to show that is willing to take the steps necessary to fight inflation. I don't think they're going to be spooked by this said one strategist of the stock market's correction. They need to tighten financial conditions, so they can have a better handle on inflation. You know i see where they're coming from, but also i don't know over the past year, at least whenever things were a little bit questionable, they did come in pretty dovish, but who knows they all just got reelected.

Maybe this is the end of it and they just want to do instead of like keeping their job. Maybe they want to do what's best for like the medium to long term of the overall economy and the markets, so maybe they're gon na be like you know what we have to do like it's better to take this small pain now than larger pain. Later uh could very well be their mindset, but once again we're gon na find out very very soon. Boeing takes 3.5 million charge, attc's rona, driven hbo max boost, remember boeing and at t all reported this morning, so you could dive more into that boeing and lockheed martin if the situation in russia between the russia and ukraine border now involving us uh.

If that gets a little bit more extreme, you could always look at some of these options, such as boeing lockheed martin or even cyber security. Cyber security could be a very legitimate play if, unfortunately, the whole ukraine, russia situation, uh kind of, goes down like a negative path. Microsoft beats on earnings, revenue delivers upbeat forecasts. It is very much this upbeat forecast that turned around not only microsoft, but the queues, and now the overall market, bidentos ceos at the white house in person to promote stalled, build back better.

Basically, he just got a bunch of ceos from. I guess san francisco, like just kind of silicon valley, uh, so that we might get. We were talking about buildback better for like a bit there before the new year uh. Then it kind of disappeared, and i guess now who knows we'll, see how this gets uh.

I guess if it gets traction or whatever we might be talking about again, but who knows time will tell on another update, uh, pfizer and bioin tech launch trial of the unicorn targeted rona vaccine, just a little bit of an update for you there. Looking for a specific one, just for you unicorn, i was reading a little bit into it. Basically, it would be a a three shot therapy for the unvaccinated and then, if you are vaccinated whatever the current definition of fully vaccinated it is, i don't know it seems to change a lot. It would just be like a one add-on shot from there.

Now, let's talk about some individual stuff, uh gm announces a 7 billion dollar in michigan ev battery investment um. I kind of like this. I really do just because we saw about a year ago, a year and a half ago, ford for the longest time for a decade was down trending, and then it announced that it was getting into the world of eevee and it executed on that transition. Very well and now ford is ripping higher and higher and higher.

In fact, the demand for their ev f150s is so high. They commonly have to stop down like or shut down the website of where people put in their reservations to get one now gm. I think it's smart to kind of follow suit. I mean for gm.

These are very well known, automakers and i believe, for the remainder of the decade. One of the industries i'm most bullish on is ev. So these big players, who already have the capital at their disposal to let's say, build a seven billion dollar uh plant uh we're doing battery investment uh. It seems smart to me.

It seems very, very smart to me. Gm is not something, it's volatility, isn't something i would really ever actively trade, but who knows? Maybe it's taking a play out of ford's playbook and this might be smart in a year or two or like i said, for the remainder of the decade. If it becomes a strong player within the world of evie could be something solid and worthwhile. To look on just to give you uh look more into to give you a little bit more of an insight of like what i'm bullish on for the remainder of the decade, i'm very bullish on eevee.

I am very bullish on gaming and kind of anything that relates to gaming. I just think esports, it's already been growing at an incredible rate. I don't see it slowing down anytime soon. I am very very bullish on crypto for the remainder of the decade and to maybe less of a degree, because it does involve politics, but i'm still pretty bullish on it is going to be the marinara sector uh.

I just don't think that the government can keep fighting against it so long. In fact, i was just reading this morning that amazon has officially backed a bill. That's going to get presented or some sort of sentiment about the legalization of cannabis, so i think we're seeing it there and i'm thinking that by the end of the decade, it'll be a sector, that's like really flourishing, but who knows when it involves politics um this Week is the birthday of the apes. This is the week a year ago, where gamestop went absolutely bonkers, absolutely crazy.

It's also the week that the buy button was stolen from the retail trading public. I came across this. Maybe the memes are over. I hey.

Everyone can have their own opinion um. Everyone should have their own opinion. You could check this out and maybe see if it's like yours or not um. I disagree and let me quickly explain why.

So, for the longest time it was very, very common when you were doing something - and this has um a lot really to do with technology. For the longest time many people didn't have such quick and immediate access to the markets. Uh, you had a at one point: you're calling up a broker at one point: it was just the fancy bigwigs and then from there you had to call up your broker to do anything and everyone. No one was really actively training and then re as time developed technology improved and okay.

You saw some people, they bought something like bloomberg and they're like trading on, like whatever brokerage. But then a lot of people didn't want to do it because of commissions, but overall we're seeing it that the adoption from retail has gone up as technology has also gone up, just because we finally have easy means to get access to the overall market. Well, before this explosion and technology that related to retail trading commonly when you looked at value, you were basically saying: what's the fundamental value and yeah, some people had different equations and different breakdowns and some looked at eps. Others looked at ebitda.

Others looked at the growth of the sector, but it was still a traditional fundamental analysis of a company of a sector when you were looking at its value and basically they just said value, and they really meant fundamental value. I am campaigning that now, with the millennial generation and the gen z generation that this equation of value, we're now realizing, is actually more complex than just value equaling fundamental value. I would argue that now, with the rise of technology and people really forming communities around it, it is value equals fundamental value plus community value. We are seeing a massive expanse in really whatever you want to talk about if it's an equity, if it's a crypto, if it's an nft project, the value that is provided from community is clearly immense.

We saw it right out of the gate a year ago. Many many people mainstream media were telling us. You know what they're going to get bored they're going to go away. They're not going to pay attention like we just didn't see it like.

They didn't see it. They were saying, we don't see them sticking around, but guess what? A year later the communities are still around. There is still a very vibrant ape community, paying attention to amc and gme. There is many i mean think about what happened this past year, the doge community, the sheba community, those these are all just like three separate ones that i'm thinking of off the top of my head, and i would strongly argue, maybe in a weird way.

We kind of actually had this before. I know many people listening right now, there's a very good chance that you started the market this year, but back in, like 2016 2017 2018, there was kind of like a similar underground community that still exists, but supporting of tesla. I mean tesla, the supporters of tesla, that's another very strong community, and it's also why it trades at like a price of earnings ratio way higher than many many other automakers. That sense of community is obviously so so important.

So i wouldn't even argue that it necessarily started here. I think with this, it's like when it went, mainstream and hit like a lot of news wires and it was actively discussed. But i just remember back when i first got a job and i had like more money that i could like really start truly trading with what i saw about tesla. Was it kind of broke every rule of the fundamental analysis, but, like still everyone was so incredibly excited about it and i'm sure, if you look historically there's going to be other examples of this, but i think now with the rise of digital forums, digital communication um.

These communities forming in reddit in twitter on youtube, whatever twitter spaces, all that stuff. I think this is not going away. I think yeah you. If i've learned something over the past year, whenever something has an outpouring of community support, it is a financially poor decision to bet against it.

And if you don't believe me, look at the stats of the people, who've lost billions and billions of dollars and the hedge funds that blew up because they didn't understand that the equation for value has now changed from what they were originally taught um. Those are my thoughts, maybe you agree. Maybe you disagree, but i just thought it was something cool to share because we're basically a year old as this ape community. Speaking of the ape community, i wanted to talk about this.

This is something i was going to cover in yesterday's afternoon stream, but i wasn't able to do it. Amc in advanced talks to refinance debt as meme stock luster fades, so this is kind of weird. If you read it, there's like some pretty funny aspects to this of like just like the connotation of what they're saying, but then there's also some good information that i just want to share the facts with you. But if you end up bringing it, i'm just forewarning you right now, yeah there's, definitely some funny things.

Amc is in advance refinancing talks with multiple interested parties. According to people familiar with the matter who said, the company has options to lower its interest burden and stretch out maturities by several years. That's all good. Let's pay less money and let's give us more time to pay that money back amc isn't targeting all of its debt stack for refinancing, just some of its bond and carry us that carry especially high interest.

Even if the decline in amc's bond prices caused their yields to rise, the company may still be able to strike a deal that would cut interest expense compared to what it pays now. So, overall, it's giving it more of a runway and they're gon na have to pay less money. The things i highlighted are the key things that i wanted to share with you, because it's important that's a a benefit. That's a strong business move from the company.

I would expect that we hear more about this refinancing in the next earnings announcement in early march. In the previous earnings announcements, adam aaron and the leadership team told us they were looking into this they're, like hey yeah. Of course we want to refinance it. Of course, we want more time.

Of course we want to pay less money. Why would you not that's obvious um, but for whatever reason, i'm trying to give you the hardcore facts, they kind of shrouded this in a little bit of like kind of a bearish tone, but overall, this kind of does tie back to what i was saying about. Community, this is a very specific exclusive, fundamental breakdown and hey. I am not against fundamentals.

I think fundamentals need to be considered. It's something you have to pay attention to it's part of the equation, but what i'm not seeing is really any classic financial source. Looking into what a very proud passionate loud community can do, i was looking um. I saw a cool tweet this morning from cat striker uh they're gon na be flying banners over the super bowl tailgate uh, which will apparently be seen from like 15 miles away.

That's the type of stuff that you don't hear about in an earnings report, that's the type of stuff that you don't see in a fundamental breakdown. I'm like here's, the growth, here's, this here's, this there's no asterisk! That says yeah! These crazy apes are flying planes around the entire u.s to get people to pay attention to. What's going on, yeah, there's no asterisks. That says this entire community has gone from not knowing much about to the market, to being some weird form of a hive, mind and now they're actively talking about the extreme nature of off exchange trading.

They are looking at the downfalls of not reporting short positions and 13 fs they're, pointing out the opaqueness of ftd reporting. All that type of stuff is so incredibly important and has a clear impact on the overall value of a company. But it's something you'll. Never ever ever see from a fundamental breakdown, so i think it's one of these things that, as time goes on, people think it's going to die off.

I i just don't see how it does the community and communities like this, the doge and tesla they're, just getting bigger, they're becoming more informed they're becoming more loud on a completely different, unrelated subject. I just wanted to share this because i thought it was funny on the spot. Spotify takes meghan markle and prince harry's podcast into his own hands after couple produced no content for a year. So these two who, for whatever reason, are still making uh news headlines, were paid 25 million dollars by spotify.

They made one piece of content. A holiday special in december of 2020 did nothing in 2021 and thus far in 2022, haven't done and they got paid. 25 million for it that stuff is bonkers, so that's what the people who aren't royal but were royal and whatever i don't know, that's what they're doing now getting paid 25 mil to not do anything. I would love that paycheck to not do any content for the whole year.

Amc's estimated short interest: 20.81 gmes 20.63. They are pretty much neck and neck, the spy, the overall market sitting at 15, the nasdaq sitting at 32 and the russell sitting at 38.. So we see that the russell has dropped, it was in the 40s. Now it dropped to 38, so some people must have covered there, the q's and the spy sitting at where they were at the reason i'm bringing up all of these numbers - amc gme the spy, the accused, the russell, if, if, if big, if big capital, if, if The fed comes in dovish today we have the makings for a squeeze in everything.

The market is being shorted, the nasdaq is being short, the russell's being shorted amc is being shorted, gme is being shorted a lot of these things that people are paying attention to - or i should say at least, should be paying attention to. There are noteworthy short interests. Being reported right now and if, if the fed comes in and it's surprisingly dovish, i think we can see a hardcore move to the upside today tomorrow - very very possible. On the flip side, if these shorts are right and the fed comes in hawkish, we're gon na see a downturn, and you never know more bears more short sellers might be piling into it.

I don't know i wish i could tell you how it's going to go. Just from some of these headlines and stuff, everyone keeps like ding, ding, ding, ding ding. The casino is open from the headlines that we've been seeing um a lot of like i guess. Professionals are saying: yeah, no they're, definitely gon na like tighten it.

It's just all to the degree that this is gon na play out and the tone and all of that uh similar to the past two days. I well really for today, i'm not going to be making a position at all until after the fed meeting. I'm telling you that right now, so not only am i not sitting i'm sitting on my hands for the first 10. 20.

30 minutes. I still have that. Tesla put it's down an incredible amount right now. I don't know what to do with it.

It looks like it might just be a full-on loss um, but i am babying that position, but other than that i am sitting sitting sitting um if you're gon na trade. You might want to get your trade out before two uh, because after two you're taking a risk like hey, if you're right, if you want to take that risk - and it goes in your direction - obviously you'll be making more money, but also if you are up right Now it could go the opposite way and then you might end up negative. When does the fed speak 2 30? But we get the fomc meeting minutes at two, so kind of like the way with earnings where you get the results like the the numbers, the metrics, and then they talk later similar with a fed. Today we get the metrics at two, the numbers the write up and then powell will speak at 2.

30.. All right, let's see how this goes and now. Let me turn this back over to you as we're waiting for this market to open um, we'll turn it over to all of you for some questions. If you haven't already, it would be awesome if you could all annihilate the like button.

It really helps me out. Um also, it would be great if you could subscribe if you haven't liked subscribed already that stuff is completely free. Uh feel free watch this on whatever your favorite is rumble twitch youtube, um. Whatever is your most convenient place? Obviously, i'm on all three every single day.

Right there so watch it on whatever is good for you um. I would like to add on to that, though, that if you feel so inclined to send in a super chat, i would prefer that you do send it through rumble, just because i basically have like a moral qualm with how much uh ken griffin and citadel have Invested in youtube and beyond that youtube has like banned me twice and i don't know i don't feel like they really treat me the best. Have you been on instagram? Did you send me a personal message? No, i haven't. I don't know the last time i opened instagram.

I am never going out of like i'm, not dming, you guys, i'm not messaging. You i'm not telling you to join my course. I'm not telling you this crypto. That's not me.

I am matt underscore coors. All you have to do is check the name of the account. I am matt underscore course on almost every form of social media, so just double check that that's like actually who you're corresponding with um, but no, i have not pm'd anyone all right. Let's lay out some of these levels.

Remember, i just want to bring this up um one more time. These are the levels i'm watching on the es. They do come into more play after the fan meeting, but, as you can see, my first level of support. Uh 4385, technically we're at one right now, but i care more about 4385 and then in terms of resistance, i'm watching 4435..

So that's the s p 500 futures market. Let's take a quick look at the spy just to see what's going on here. You know what's interesting about this. Is we're basically testing the 200-day simple moving average, which is so wildly incredibly important? I'm here i don't know.

If i can, can i do this uh, so we didn't we kind of touched it not exactly. I mean the level is 4, 000 or 442 and some change we hit a high of 441, so we were off. We didn't technically hit the 200 moving average, but let me kind of draw some stuff as we're waiting for the market to open the fed meeting. So two scenarios wait.

I don't want the magnet on so let's say we come out of the gate. I hope that these aren't colored the way um, let's go. So if, on the fed meeting, we break above this 200-day moving average, we hold above it, we close above it there's decent volume. I would actually then be switching my tune for probably up until mid feb, like just kind of a short term thing to being pretty bullish, and i would be looking for us to get back up to like 455 456 if the fed me evening is received well, If we get above the 200, if we close above it, i'm then watching roughly this level in seasonality terms.

We know that the first part of feb is choppy, but then, as you get into mid, fed there's actually a like a push like a very bullish push, but on the flip side, let's say that the fed comes in today and they are we get rejected. So we broke down they tested and if this is now serving as resistance and all of a sudden, we get like one of these guys and then the very next day we're back to testing this 422 level. If this doesn't hold, i think we're going to see more downside and my target after that would be 415 followed by 404. So those are the two ways i could kind of see it going but, like i said, we could revisit this and i think we'll be getting more clarity after 2 p.m.

Today and then we're also going to hear what they have to say at 2, 30. matt needs a coffee. I am very afraid to put anything in my stomach the last time i my stomach cannot handle any food, it can barely handle water. This is what happens when you're up all night, but today, if i'm being frank with you today, is simply too important for me to not be here, this isn't a normal day.

This is a day. That's setting the tone for potentially a handful of months or potentially the end of the year, but i no matter what's going on, i feel like absolute garbage right now. I got no sleep. All i did was vomit.

No coffee can barely consume water, but it's too important - and i want to be here with you - i want to explain: what's going on uh, what else do we have going on? Uh crypto is breaking bollinger bands right now. Crypto is actually very, very strong. I made this video on sunday that i said if the market were to bounce. I think crypto leads the way.

My reasoning for it is actually that they're not that they are seemingly correlated, but i think there are some important nuances that made me believe that bitcoin especially, would bounce before the overall market um. Right now i mean talk about a dip opportunity. Btc was up at 69 000. is that 38.

ethereum uh currently trading at 2600, was up at like 4 500. 4. 900.. Overall, if you have a longer term outlook on crypto, in my personal opinion, i think it's a great opportunity if you're looking to get crypto check out the um link, pin to the top of chat, just go to blockfolio uh the make sure you're using that code, Because that's how you're gon na get like bonuses on all of your trades um but blockfolio, what's cool beyond the fact that it's just a crypto brokerage is um, it allows you to link your other ones, so you can see if you have different ones.

If you're on coinbase, if you're on gemiini, if you're on uh ftx's block folio, if you're on voyager, you can link all of those accounts and see what your overall crypto portfolio is doing, i really really like it. Are you pregnant? That's a great question. I googled my symptoms on webmd and it actually said that my most likely problem is that i'm pregnant and i was like well, i don't think that's true for various biological issues, but that was webmd. A few redditors got upset me, quoting a funny.

Tweet of yours said i would buy super chat, matte coffee on their behalf, but i am a cafe mocha guy myself. Yeah i mean there's. I don't know i'm just i'm realizing that there's no point, i'm not gon na these haters who are either wildly in uninformed or just like straight up jealous of what we have of. I guess like the the following that i have i'm not gon na ever switch their minds.

They're just gon na be sad, pathetic keyboard warriors for most likely the remainder of their life, and they are not worth our time, but that is pretty funny. Buy super chat amount of coffee on their behalf. I like that i will drink it on their behalf. Gorilla champ, champ, uh matt.

Have you and your totally real girlfriend broken in the couch behind you? This is it's. I took a nap on it yesterday when i got done with the crypto stream. That was the extent of how much anyone has used this couch. It's a new couch and i like passed out on it for 15 minutes yesterday.

Oh speaking of the crypto stream, so the crypto stream is still at two so and then i will be doing the normal afternoon stream like on this channel. But if you're looking for um like an immediate reaction to the fed numbers at 2 pm, that will be all going down on the crypto stream today, because it's also going to obviously have a massive impact on crypto. If you're on rumble, if you're on twitch you're good to go, you don't have to do anything, but if you want to know what's going on with the fed today come on crypto cores, like all these streams are just at 2 pm. So the timing kind of works out uh perfectly of how it has in the past.

So we'll just stick with the 2pm there we are all pregnant. Oh man looks like a fake background. It's a very real background. I don't know why it looks fake, i'm afraid to check my account yeah, not the best, not the best, not the best hope it doesn't close here, because if it does, the account would be below 25 and because i've traded so much i'll get instantly hit.

With pattern day trading tomorrow, which seems not fun so for me this is the hail mary play. I know that um recently in the nfl, all these games have been nuts and were relying on last second hail. Mary plays my last second hail. Mary play is a tesla put.

The tesla put i had yesterday, um we'll see how it plays out. Do i have some particular insight into the fed meeting or into their earnings? No, no! No! It's just that. I had it placed yesterday on some technicals that we saw, and i just didn't get out when i thought i was out so we're going for the hail mary going for it going for it uh. What do we have? What do we have amc above gm? What do you mean amc above gme like in what um in terms of short interest, they're pretty much neck and neck? Don't forget that those are estimated.

I thought you were flat into the fed yeah i wanted to be and i was actually looking to go flat. Yesterday, um. I thought i got out of my tesla position yesterday, but i just wasn't paying attention. I was too busy praying to the porcelain gods.

You know the responses to my tweet were actually hilarious, except what i didn't get, though, is everyone had the assumption that i'd just basically be like crapping myself. That didn't happen like at all. All i did was vomit. I wish food poisoning, at least for my body.

That would be like way easier to take care of uh. It's just when you vomit, and then you end up dry heaving. Dry heaving is the worst thing ever invented. Whoever invented dry heaving should instantly get fired from their job when you're going through all that work and then nothing is coming out and your stomach just hurts that's a huge, huge bummer.

All right amc still hanging out at 16., we're watching this level of 1625 and then up here we have 1660.. So let's see uh the q's a little weak right now, how's apple, doing apple apple apple. You need to hydrate. I do.

The issue is, when i put anything in my stomach, i just vomit it up. I want to hydrate i'm right there with you. I think hydration's great someone brought up a good point, though yesterday they're like this is what you get for deviating from cheese. That's in sangria, and that's so true here i am thinking that i'm like a healthy, responsible, human being eating chicken, broccoli and rice and in reality this is what i get for it.

This is i get what i deserve and i deserve this. If i just stuck with my classic diet, everything would be way better off right now, gamestop back above 200, up 2.85 bbig doing its thing. Uh i mean it gapped up, but it's still it's actually the highest one. On my watch list right now, ethereum's up seven percent loop rings up.

Nine loop ring um. If you missed it yesterday loopering. I i did cover this in more detail on the crypto stream, but anyway loopering lrc, if you're in that, especially because you found out of it with its connection to gamestop uh loopering lrc, they are doing like another round of nft giveaways. So if you're interested in that getting some loophead, i believe, is the name nfts you might want to check that out.

Jimmy holden looks like amc, wants to push this 1622 level uh, but jimmy looking good good, good, good, uh bbig up a nice percentage, but the intraday not looking the best. How is the russell looking right now russell strong bounce in the russell? This should help out nicely with amc, look for the russell to keep going there. So it seems like we're seeing small cap stocks are doing well, thus far as we're 15 minutes into the day, but tech stocks they all kind of gapped up but they're kind of giving back their gains. But they're still up.

I mean they're up 1.7, which is kind of massive. Could i break down my thoughts on amc, ortex um? Yes, the cost to borrow pretty low 1.26 short interest, pretty high, almost at 21. utilization, 74. uh.

Remember what utilization is it's the amount of shares on loan divided by the total loanable shares both of those are dynamic, pools they get smaller, they get bigger if people are willing to loan out more or less. Obviously, the shares on loan x x, divided by y x, number changes. If more and more people are willing to loan out the shares that they have that bottom number. Why that changes utilization has nothing really to do with like ownership and other people being able to buy shares utilization is shares on loan divided by total loanable shares.

Both are dynamic, both change minute to minute on, depending on what people do or don't want to do. Uh not really much any. I guess indication of oh like these are the shares that can still be bought. Every share is already owned, um if you're buying.

That means someone's selling it to you if you're selling someone's buying it off of you all shares have an owner. That's just how it works like there's not shares just sitting in an ether that you could buy from or sell into. All shares are right now, in someone's account um free flow, i'm trying to think of the other numbers. We can look at days to cover very quickly.

We haven't gone over this. Let me look at the three month. Um so days to cover is basically a theoretical number of if all shorts wanted to cover right away like simultaneously every short in the world uh based on the previous average right now, we're looking at the two week average volume, but you could also do three months. I think two weeks better um the shorter time frame means it's more accurate to what's more recently been going on.

But anyway, it's a theoretical number that if all the shorts wanted to cover, how long would it take them to cover and right now we're at 2.26 days remember this is theoretical and it's also kind of understating, because whenever you have the event of a full-on short Squeeze the volume is going to be higher than the average, and basically it's just saying: okay, if the average holds consistent, how long does it take them to get out, but obviously they could get out quicker because the volume's higher? So that's your breakdown there. If there's something like specific, you want to know about, just let me know uh, how do we get rid of this spam subscribe digital shorts? Stop that all right digital shorts, we're gon na ban that person from the channel digital shorts, i'll, write this down and get this person banned. Digital shorts spamming over here on rumble, uh yeah, so rumble uh, remember, they're, just kind of getting rocking with the whole live streaming thing. They are working on the mod capabilities they just don't at this moment exist so uh, it's a little bit slower but, for example, digital shorts um after the stream i'll just email rumble and get them kicked from the platform.

Oh, no, no but they'll be like um sackalicious they'll be like permanently kicked or actually here i'll, just fire off the email and get them kicked right now, all right so gamestop, looking good kind of on its birthday week and we see amc getting above the 1625. Let's see 1650. uh chris uh, please all right, yeah, we'll get this guy kicked there. We go amc nice pop on amc.

Things are kind of turning right around the cues bounce off of 350. gme going higher and higher and higher yesterday or the day before it was rejected almost perfectly at 105. So i'd be watching that level on gme on amc, 1650 tesla currently flat. How is microsoft doing after its earnings kind of flat, but still up on the day, still up five percent uh? This is so annoying digital shorts will be kicked very shortly.

What's my opinion on oxy uh, it's an energy play bullish on it. I am bullish on energy. Oxy is looking good, it's a little bit overextended right now, you might be able to like be a bit more patient. Let things calm down, but overall for the remainder of the year, energy and financials, i think, are very reasonable, plays given the current global environment and the current.

I guess, monetary policy environment been away good time to buy more amc or just keep holding. What are you doing uh so for me right now i mean first of all, for you i mean i could just share my opinions. I can't really tell anyone what else to do. I don't want anyone to ever think i'm telling them to buy to sell the hold.

All i do is share my own opinions, um. For me, i've been holding all my shares. I switched my shares over from weeble my gme and amc shares over to public. So i had to do a manual swap there um before that we were doing when the environment was right.

It was making some nice money off of options, but right now, in my opinion, the environment in terms of the implied volatility uh, especially on amc gme. Like calls like has just not been a good environment, especially when you compare the technical structure um, so i was at one point pretty much for the first seven, eight months of the year, heavily trading these options, uh these call options or um, but these call options Right now are just not i don't know like you. Not every single day is the same volatility situation. Charting situation, which means not every single day, is as good as every other single day to trade options right now, so amc and jimmy.

I have not traded options. Probably in like a couple months, it's just i'm just not seeing what i like to see in it. So for me i've just been holding um, i'm not saying this is appropriate for everyone, but my risk on amc and gme is zero. I am not saying that's appropriate for everyone, i'm saying it's appropriate for me.

I've put uh enough of my money on the line that hey. I will go down with this ship. I will be that money if need be. I will ride it to zero uh.

To me, this is more of an investment in this symbolic representation of the apes who, like amc, who, like gme, but time, will tell um. I commonly get this question of like what about like the mo ass blah blah blah. Just so you know the mo s. Is not guaranteed um previous to this when things, especially for the first half of the year, were going very, very well.

People would ask me that, and i would still say it's not guaranteed. I don't know things are like looking good. We can make some money and i think, because everyone was so excited, we saw certain people who would ask me that question and get mad at me, they're like well. Why aren't you saying it's guaranteed? It has to happen.

I was like i don't know like because i know in the markets: nothing is ever really guaranteed and now that uh, because the price action has been downward rather than upward, there's many more people who are quiet, and now these other people are still asking be like Moes moses, i'm like i've, never guaranteed it. It's not guaranteed. Nothing is guaranteed. Like you, don't know it's.

Where did i put this? I had to respond to someone on twitter the other day. The markets are one of the most complex multivariate puzzles known to man. To think that something has to happen is not appreciating the amount of things that like go into this. There is a risk in everything you do.

Nothing is guaranteed nothing, nothing, nothing is guaranteed. You put your money where you think you have a good shot whatever. However, you would define that of you like playing out in your favor, and hopefully it works it might. It might not um, but because of that, you should only be putting the amount of money on the line that you can like actually withstand losing.

That's your ultimate risk right there of like if it were to go to whatever, whatever your risk is. Can you withstand that if you can't financially withstand that can't emotionally withstand that? That means that you're playing with too much money um? Yes, there are various other creators who hyped this up and cheerleaded this the entire time saying it has to it has to it has to it has to, and then they even pulled out, like absurdly high levels absurdly high levels, all those meme levels that you see For amc and jimmy of what they're going to go to, i do not believe first of all, our government will let it get there, and i also don't believe our market structure would allow it to get there. It's just people have been throwing out these numbers because it's fun and it energizes the group and you're in on that. But at a certain point you have to then realize is like well.

Maybe newer people think it's actually possible and when it makes some crazy move, they don't lock in any money because they saw some meme that they didn't realize is simply that is just a meme um. I don't know there there's important things to talk about, but overall i'm holding on to it just because think about what happened a year ago. Nothing, nothing! Nothing was happening. Uh, keith, gill, roaring, kitty, deep f of value.

Whatever you want to call him, he was in gamestop for two years before anything really started to go. We've been in this for one year. Some people believe in less of a amount of time, but overall it all kind of just came out of nowhere. It was like just doing whatever, and then there was one week of craziness that to me is proof that nothing can kind of happen for a bit and then out of nowhere, something insane happens.

Um. Let me put it this way: melvin capital. We already know uh over the past month down double digits. Some people rumoring it that melvin capital is already down 25.

I don't know if melvin capital currently has a short position, but let's say that there is some very large short on amc and jimmy. Let's say because of the overall monetary environment that they made a bunch of bad other plays their whole fund is going upside down; they have to cover shorts. That could be a thing that prompts it. These are just random little examples of my point is: is that you never know what's going to happen in the very next training bar.

There are too many things going on and we're waiting and we're waiting and we're waiting, patience, patience, patience if you're more of an active trader. Okay, great, i hope you crush your active trades if you're more of a long-term holder, awesome, okay diamond hand it and i hope it plays out for you uh with it. I can't tell anyone what to do. I can only tell you what i'm doing uh.

All of my shares are you can see them. You can see that i am an owner of amc, gme, prog corsair on public public dot, com, slash mac course. It's free to sign up no payment for overflow. In fact, you will get paid to start using it up to 70 in free stock.

If you have any questions of my ownership, it's right there, but overall i'm i'm already gon na tell you. I am not going to sell like you'll get an alert. If i were to sell, but i'm not, i told you my risk, my risk is zero. I that's it that that is not going to change.

I was reading about iron condors and vertical spreads earlier was trying to understand but wanted your thoughts. Um explanations: since we are waiting on the fed so um an iron condor is actually like a type of a vertical spread. So a vertical spread hang on um. Let me get back, wait wait.

What are you asking about here? Gorilla champ v-r-a-r um just to quickly answer that no, i didn't i didn't have much time in front of the screens. Yesterday was not doing much research or anything. Yesterday i was in the bathroom anyway, back to vertical spreads. Vertical spreads is a pretty high level term when it comes to options just because it means that you're.

Somehow, maybe you have two calls two puts a call and a put maybe you're, buying this one selling that one buying this one selling the other one.