Be hey: uh mum, hey hey what is going on. We are here to talk about the markets, stocks crypto, my mental health, we're here to talk about all the important markets of the day. Uh man yesterday was crazy. We saw a lot a lot of green amc up 14 gme up 29 red box up 29 nvidia ripped five.

It had every earnings, it's a little down in pre-market, we're going to be talking about that, but overall, the spy of the cues, the russell all in the green green green. So i hope you also made some green for me personally. It wasn't the best training day because i got completely screwed in the futures market and i still have those tesla puts which are not looking good, but obviously, let's see how today actually plays out i'll give you a update on all my current positions. Now, before we get into all that before that bell goes ding ding ding, we got to get into some of the big market stuff and then i also have some individual stories.

But no one really knows how today is going to play out, but i'd be willing to bet that it's going to be absolutely bonkers. Obviously, we will be paying attention to the overall market, but just seeing what happened yesterday, we have to watch redbox, gme and amc today, because the numbers in ortex are crazy, especially for redbox, especially for redbox, we'll be getting into all those ordex data points like it's. Just insane um, i think we're going to see some explosive moves. Hopefully it's to the upside today, but let's see i just i'm predicting high high volatility.

So, let's see if we can make a little bit of money and then, of course, as we get closer, we'll do the vote and everything and see what is up, but before we get into all that fancy fancy stuff shout out to today's stream sponsor. I am talking about ftx, and just so you know their phone app is called blockfolio, but then they also have a professional training platform like a web. One uh and that's gon na be, if you're in the u.s it's ftx.us and then there's also an international version. So, depending on where you are, if you want the web app or if you want the phone app uh, the phone app is currently pinned to the top of chat.

If you want to check that out, and then the web app is in the description of the video, if you want that one instead, i have them both ftx. The recent news about them is they're getting into the world of equities trading, no payment for order flow and there's a lot of assumptions of. Are they going to build out their own? Are they going to acquire someone? We know that sam bank been fried, has already been buying up serious equity in robin hood. They've had discussions with public they've had discussions with weibo they've had discussions with apa or apex uh, so a lot going on and the ecosystem is getting absolutely bonkers.

So i highly recommend checking it out so blockfolio. This is going to be the crypto app just the phone app pin to the top of chat, and i do have a question, someone who doesn't have it yet the code to get the bonus in here and basically every time you trade over 10 usd you get A free coin from ftx there's always going to be a benefit whenever you're, actively trading the code is crypto cores, both with a k. Once again, that's pinned to the top of chat. It's in the description can someone sign up because i'm getting some reports from people that the code is not working, that the referral link code is not working, and i want to double check that because you need the code to get the free bonus and if it's Not working, i need to reach out to my ftx rep to make sure that you guys are all getting that free bonus.

So could one of you just sign up who hasn't done it yet put in that code? Crypto cores all one word: crypto, with a k cores with a k, make sure it's spelled properly and let me know if that referral work. The referral link is currently working or not uh, because i want to get it fixed if it's not um, but obviously shout out to ftx and particularly blockfolio for sponsoring today's stream. Now, with that out of the way, let's get into what is going on in the world um, so we got a gdp report and also a jobless claims report this morning, but before we get into that, we need to talk a little bit about what happened. Yesterday.

2 p.m. Et we got an fomc meeting minutes and the tldr version of that is there's nothing too new. It was pretty much all stuff. We knew global shares.

Seesaw after fed minutes offer no surprises on rates, while natural gas at 2008 highs fans, inflation fears, global stocks flatlined on thursday, showing more stability after the minutes of the federal reserve's. Most recent meeting confirmed the market's view that bigger rate raises are coming in order to cool down inflationary pressures. So basically, the next two meetings, most likely a 50 vapes rate increase 0.5, most likely what we're going to get now. That's what we've been hearing from the fed? That's what we're seeing in their meeting minutes, but on more of the quantitative side.

If you look at what the futures market is pricing in there's a little bit of some question marks around the second one and they're saying: hey, maybe they're not going to be that hawkish and remember in this scenario: hawkish fights inflation, but a side effect. That is not the best environment for markets to rip crypto inequities. The other side of it is dovish, which means you're, not really fighting inflation. In fact, depending on how dovish you are, you might be fueling inflation, but that is a positive environment for equities and crypto.

So just uh some verbage there, some terminology that will be a little bit easier for you to understand the rest of our discussions, but also when you're reading these articles just to start piecing some of those things together. So the fomc minute showed u.s policy makers unanimously agreed. They should expeditiously move the stance of monetary policy towards a neutral posture to get a handle on inflation. Remember we're at a four decade high coming in at about 8.5 percent right now.

It has already signaled rate hikes of 50 basis points in june and july, and it's this july, one that recently over the past couple days, people at least in the futures market with interest rates, are starting to question. If this july, one will actually happen - and i think that's going to get a little bit more fuel behind it - like the questioning of it, because we just got a gdp report this morning, that was not good. We will be getting into that. Markets have already become comfortable with the idea of further 50 bips rate rises in june and july, with more rate rises to come, along with discussions about the prospect of moving rates beyond neutral to help constrain above target inflation.

None of this is new, but it's also not particularly instructive, given that not one fomc member has the same measure of where the neutral rate actually is so why did we see the pop yesterday? Why did we see this pop from 2 p.m? Pretty much into close with a little bit of it being given back. I would argue it's because there was nothing of a surprise, so what i mean by that is, if you go all the way back to june, particularly june 5th. This is one of the times where, in december we had an fomc meeting and then on. Excuse me not june january january 5th, we got meeting minutes and the surprise in there was hey, we're actually going to be extremely hawkish and start doing balance sheet normalization and then, from there we sold off we sold off more, we got a little pop and then We really sold off so usually fomc.

Meeting minutes are something that people like don't really pay attention to, but this time around there seems to be a miniature gold mine of information of what the fed might or might not be doing so people are using that to say: okay like trying to get an Idea of where the next leg of the market's going to be because the fed really does run the parade in terms of the overall market. So this time around why we saw a little bit of a pop. Is there just like? Wasn't that big of a hawkish surprise, everything that was in there was things that have pretty much been fairly priced in digested by the overall market, but i do want to bring up. Oh the past couple fed events.

It does seem as if there's a strong pattern of fading the fed, as in they get the market to go either up or down, and the very next day it's given back. I want everyone to keep that in mind today, especially with the overall market, and if you didn't watch my wrap-up video yesterday with the overall market. If it goes down - and i'm not one of these people who subscribes to the whole negative beta with amc and gme, i think it's a bunch of people who are cherry, picking a time frame and also don't necessarily understand what beta is. But we are in a unique apish, perfect storm where, if major equities go down and on top of that people decide to still load into the likes of amc, jimmy redbox, which are being shorted a lot right now, you could be in these scenarios where big players Are kind of losing on everything most big players have 90 95, i'm just kind of using those.

It's not like the same for everyone, but in that realm of their long they're long on well-known equities that are strongly represented in this by the queues in the russell. Some of these have a small portion of their portfolio as a hedge shorting, certain equities. Well, if they decided to short amc and jimi redbox, whatever is actually moving if they decide to short those and they're also losing on those which are meant to be their hedge, it could be a very, very bad scenario, because they're just losing across the board. Once again, this does, i guess, at its high level, maybe sound a little bit like the negative beta thing, but it's distinctly different because with negative beta you're, just saying whatever the spy does we're going to move inverse of that, i'm not arguing that at all.

I'm arguing if the market's going down and then for some reason, there's either retail or other big players who are particularly still loading into amc and gme. As the short interest goes up. That's the perfect storm scenario. I don't want this to get my reasoning to get connected with negative beta, because really the only way this happens is if we continue to see these green days like we saw yesterday in gme amc red box, those types of plays.

So with all that being said, let's kind of continue into some of the other major things going on so this morning the dow, the s p and the nasdaq are all up. Oil is up at 111 once again, oil look for that breakout of 115, and i think we can see a crazy rip yield coming down a little bit, which means bonds going up a little bit. Five things to know before the stock market opens today, thursday may 26th stock futures higher as wall street, looks to break a losing streak for the overall market. I actually don't know if we will, i think, there's a chance of it.

If the spy breaks above 401 and then particularly breaks above 404, then i would be in the group of saying: okay: let's try to play it up to 410. Let's try to play it up, maybe to 415, something like that, but 400 to 401 is massive resistance. I want to make that specifically clear. The spy is coming up to resistance and then there's additional resistance around 404 a little bit less than 404.

Let's see how the overall market reacts to that, but don't forget about this pattern of fading the fed recently over the past big fed announcements. They get the market to either move up or down, and the very next day it's given back so something to keep in mind when you're trading today nvidia shares fall on light guidance, snowflake also slides, so nvidia reported snowflake reported and even though nvidia beat on earnings Per share they beat on revenue, they similar to snapchat, said: hey, we're actually going to have a slowdown and they didn't have the best future guidance so we're seeing similar. I guess verbiage similar. I guess vibe from some of these big tech, plays uh snowflake right now.

In pre-market getting absolutely slaughtered similar situation, macy's beat on earnings and sales raises profit outlook, so kind of actually bucking. The trend of what we've seen from target from walmart um kohl's did well. Macy's did well, i believe, even best buy did well so now. My concept of maybe going against costco just because i was putting it in that same basket of walmart and target, maybe a play that i'm actually kind of now questioning because we're seeing a little bit of a mixed bag.

All these consumer defensive plays not doing as poorly as i really thought they would apple to increase pay for corporate and retail employees. So shout out to all apple, i guess employees uh broadcom, says it. Plans to buy vmware in 61 billion dollar deal massive massive deal. Obviously, when you're talking about things like that, you need uh approval not only from the companies but also from the government.

So it's one of those things that it takes a bit to actually go through and get approved, and the recent example of that would be like microsoft and activision or nvidia, and what's that brutish company was it called arm? It might have been arm something like that. But sometimes when you're too big of players merging the global governments do not like it world bank warns, a global recession looks inevitable, as food and energy prices spiral. I think this is kind of an interesting time to bring it up, because recently, we've seen some green. I want to remind everyone of the concept of a bear market rally.

What is a bear market rally? It means you're in a bear market, but you can still get brutal rallies to the upside. Well, how is this different than the normal bull market? Well, remember: bull markets are commonly characterized by you'll, see the headlines of a melt up, it's kind of a slow and steady just like the tortoise wins the race, slow and steady to the upside. A bear market rally is your overall in a bear market, but you still get these high volatility moves to the upside that eventually are given back. I want to warn all of you of this because i think there's a real chance that we could see a pop, but it's one of those things that i don't know if it's necessary to get sucked in, especially for the long term situation.

I myself am not dollar cost averaging in my long-term account quite yet, because i don't think we've seen the 2022 low in the overall market. I do think there's a very fair chance of said: bear market rally so yeah. I think we could be bullish play that to the upside, but it's not one of those things that on those types of players i'm gon na be like. Oh, this is the bottom list: dollar cost average on everything across the board, because the overall macro economic backdrop - it's not good, especially when you look at the rising costs of energy, the rising costs of food.

Those are things that, like we're, not gon na fix with the flip of a switch as we look at global gdp, it's hard right now to see how we avoid a recession. The idea of energy prices doubling is enough to trigger a recession by itself. Malpass noted that developing countries were most likely to be plunged into a recession by soaring food, energy and fertilizer. I just read this morning that eggs are apparently up year over year, like over 20 percent and then we're seeing that similar numbers in meat, poultry and that's just in the food side of it, and we know with russia's invasion of ukraine.

Russia is a massive exporter of fertilizer, we know ukraine's a massive exporter of wheat, it doesn't look like food is slowing down and it doesn't look like energy is slowing down in terms of their prices going higher and higher and higher. It's very difficult, challenging outlook for advanced economies, but even worse for developing countries, the world bank cut its 2022 global growth forecast from 4.1 percent to 3.2 in april. So before we get into maybe a little bit of the opposite side of the argument which i do want to share with you, because i think it's incredibly important to be balanced, i want to dive into right here. Gas prices have soared so high that the us is now seeing demand destruction ahead of the summer driving season.

This is wild. The average gallon of gas in the u.s hit 459 on tuesday about 51 higher than a year ago. In one year, a gallon of gas has increased 51 look at this chart in april of 2020. We were cruising at 1.77 and it's done nothing but skyrocket to the upside and unfortunately, as i was alluding to a bit before this is probably not the end of it.

U.S retail prices could surge another 37 percent by august to a 620 per gallon national average. A 620 national average, as in for you folks, maybe on the west coast, hollywood la i don't even know if they have enough space on their signage to fix what a gallon of gas is going to end up costing. This is a brutal situation. Energy, higher food higher there's a fair argument of how do we possibly avoid an economic recession? Now, even though we have that side of the argument, like i said it's important to be balanced, deutsche bank's chief strategist says stocks could search 20 by the end of 2022.

So at deutsche bank they actually are not expecting a recession, isn't expecting a recession this year over the next two months or so stocks will be volatile. As investors look for signs about the economy is going. We think it basically takes a couple of months to resolve, but our house economic view is that we are not going into a recession once again, deutsche bank saying no. In fact, we see a 20 rally and if we don't get a recession, which is our baseline view, then the market has historically basically recovered its prior peak in about four months.

That's the thinking behind the year and target of 4750, which in the spy would be about 475, which implies stocks, could rise 20 percent through the end of the year. A lot of people are puzzled by our view that if we don't have a recession, the market's going to come right back, he argues that equity positioning, especially by advanced systematic investors, is very low right now, because the fed has essentially provided forward guns that a recession Is coming, but if the market volatility comes down, those funds are going to have to build up their positions again. If this starts coming down and fixes the volatility of the s p 500. Just because there isn't new bad news, they will be forced to buy if a recession does develop.

He believes that the benchmark index could fall more than 20 percent around to 3 000, but they're saying if a recession develops and obviously their opinion is that we probably won't be seeing a recession this particular year. So i want to give you both sides just so you have a little bit more of a balanced opinion of what's going on, but for me, in the short term, my own opinion. Remember not a financial advisor. Nothing like that.

I believe in terms of the overall market were bearish. I believe that there are very real things referred to as bear market rallies, so timing can be kind of difficult, but in terms of individual equities, if you were in the likes of gme amc red box, the numbers we're seeing according to ortex are nuts. So if it starts going higher and the short interest goes higher, if price action goes higher short interest goes higher. It's a powder keg, it's a powder keg of a situation and the question is who is going to light the match? Moving on uk slaps, one off tax on oil and gas giants to ease the pain of soaring household energy bills.

So it's not just in the u.s it's global. There are many global governments. Many well-known governments who are all experiencing the exact same issue that the cost of just living is going through the roof they're doing what they can, but then there's a fair question of. Is it not enough, and is it a little bit too late now more? On a specific note, let's talk about twitter twitter jumps more than five percent.

After our boy, elon musk puts up another 6.25 billy of his own wealth to fund the takeover deal. Twitter stocks rose more than 5 in pre-market trading today, thursday may 26th after elon musk fronted more of his own wealth to fund the 44 billion buyout offer. Musk will put up another another 6.25 billion of equity for the deal, lifting the total to 33.5 billion from the initial 27.25 billion tesla ceo musk has abandoned plans to rely on a margin loan against his shares in the electric vehicle maker, so basically we're seeing that Elon is kind of drawing a distinction between tesla and twitter and where the funding is going to come from, it seems like he's trying to put a hard line in between them. Saying: hey i'll fund it.

We don't need the margin for my ownership in tesla, so people are liking this news and that's why we're seeing kind of twitter up in the pre-market now with that out of the way, let's talk about some of these ridiculous ludicrous numbers, i'm seeing on amc, gme And redbox so yesterday amc up 14, which is amazing, but then jamie and redbox were saying: hey hold my beer and both up 29. So amc currently has a short interest of 22.44 estimated by ortex cost. To borrow it's going up, but it's still oddly low as you're about to see the ctb is at 6.4 percent, the utilization's been maxed out for quite a while and the shares on loan 170 million. Now this is a lot but remember when you're looking at the shares on loan and the overall float think of it as luggage, the more luggage you have it's more difficult for you to move in a rapid manner, so in terms of high volatility, moves quantifiably.

It's more difficult for something like amc to move than gme to move, and then redbox is even smaller. It's considered to be a low float, so it's very easy for that. One to move the less outstanding shares a company has the more volatile it. Quantifiably can possibly be so, even though these numbers are sky high.

Don't think of that in terms of like? Oh, it could rip more. I mean they can all rip, but it's going to be more difficult for amc to rip relative to something such as redbox, just because it has a lot more shares. It has a lot more luggage. It has to carry with it relative now on gme.

We are at a one-year high in the short interest coming in at 27. The cost to borrow this is what i'm pointing out of like how amc's is awkwardly low. Gme is coming in at 114 utilization max out and right here shares on loan 22 million, and this is what i'm trying to say so. Gme actually has a higher short interest.

Even though has a lot less shares on loan. It's because it's outstanding share count is considerably less amc's at 22 about 5 less, but it has about 150 million more shares on loan. So this is why you have to look at how many shares does an individual company have in existence and then the one that is jaw dropping is right here. Redbox rdbx and i want to clarify i own amc stock.

I own gme stock, but i do not have anything to do with redbox. I have no calls no puts and no shares no short position. Nothing like that. If that changes i'll, let you know but right now, i'm just covering this, because it's absolutely insane, but i have no personal like financial stake in it.

157 short interest costs to borrow on average, 718 percent utilization max out and right here. Look at this shares on loan 2.6 million. It is a low flow, which means that this thing has the capability to absolutely rip and it looks like in pre-market. I was looking for the breakout of seven dollars.

I've been calling out seven, i even called it in my market update video yesterday we're well above that i mean redbox is already up 20 in pre-market trading right now this when i'm talking about a powder keg, that's exactly what i've been using to describe. Rdbx now. Remember if this goes it's well, it's already going. The golden question is: how high is it gon na go? That's the golden question.

There's no point in having a price target. You ride the trend till it's done. Remember when this thing goes, it's gon na go go. Go but it's not gon na stay at that new value as quickly as it goes up.

It's also gon na come down. So this is why i'm saying don't be caught being a bag holder ride the trend when you think the trend is over. You lock in your gains. That's why you're in the market you're in the market to make money, don't get greedy, bull's, embarrassing, redbox you're going to make money right now in the bull phase, and if you want, you can play back to the downside in the bare face bulls and bears eat.

Hogs get slaughtered do not get overly greedy. You ride the trend, you ride the trend, if you think the trend is done, you lock in your profits. There is two things that i think are incredibly important and this isn't just for an individual equity. It's really for.

Overall market psychology, you are in this to make money. That's why you're doing this? That's why you're in the market redbox? This is a great example. When you have these high volatility moves, i think it's absurdly silly and inappropriate to have any price target. There are just too many variables and this once again, you can apply this to any high volatility move on any equity.

I don't really care you ride the trend. You ride the trend, you ride the trend. If the trend is over, you lock in your money. It is not going to stay at that new value and there's a good argument that it's going to come down more rapidly than an even went up, so whatever play you're, possibly in pay attention to it, pay attention to it.

If you want a trailing, stop loss, that's up to you. You got to pick your percentage, but whatever it is. I just need to really drive this point home when it runs. It will not stay anywhere close to that peak value.

It's most likely going to come back down to the base of the mountain where it started in the meantime, there's that question of how high the peak is and when it comes to gme amc red box. Like i see people try to throw out price targets, i think they're absurdly silly. I think they're absurdly ludicrous. I think any price target when you're talking about a squeeze scenario is highly inappropriate and it's only being pitched by people who don't really any like understand anything about the market.

There is no way you can mathematically map out where the peak of a squeeze is. There are too many unknown variables. It is that simple. I know you might be sitting there but matt.

I heard this value for amc. I heard this one for jimmy. I heard this one for redbox. I heard this one for equity xyz.

In my opinion, those people are comically wrong. They are comically wrong, they're trying to map other situations such as volkswagen in 2008 or previous ones. I think it's absurdly silly. You ride the trend, you ride the trend and, however you define it and when you think the trend is done, however, you define it, you lock in your money, don't be greedy bulls and bears eat.

Hogs get slaughtered so we're gon na leave these up throughout the day, especially red boxes, just because i think these are some of the most ludicrous things, and really the cherry on top for redbox is that it's also on the threshold list, like that's ridiculous. The fact that there's such a relatively high amount of ftds tells you that something is going wrong in the back end with clearing, as in there are shares that are just not being accounted for, are, is naked, shorting, a type of ftd. Yes, there are other types of ftds um as they say it could be, just administrative errors, it could be naked shorts or it could be a host of other problems. But this is why i think it's so interesting, because it tells me that there's potential for something illicit going on on the background in red box that shouldn't be happening and then, when you take and factor in these other numbers, i mean red box.

There's no other way to describe it besides, a powder keg, no other way to describe it. Okay, we are about two minutes out and i want to give everyone an update on my current position so right now, just so, i didn't get margin called yesterday. I was short three shares. I was short three shares against the s p 500 on the futures market.

That um, i didn't want to get margin called, so i ended up cutting two of them for a loss which sucked, but i kept one of them with my average being 3932, so about 392, roughly in the spy. So i'm still holding that because i'm just kind of banking on the pattern of the fed's move, getting faded so or maybe a rejection straight up at 400. But if it starts to show strength, i will cut that and then go long. Don't really like i'll, be agile with that, and then i still have my tesla puts for tomorrow.

They expire 6, 30 tesla puts and 615 tesla puts right now, i'm getting my ass absolutely handed to me. I didn't quite think that the bear market rally would be getting underway like this early, but obviously uh. It's i'm experiencing some pain with all that. So as that as the market opens, as we start to see how things are going to play out today.

Obviously i'll keep you guys apprised of everything i end up doing or not doing all right, so we are about a minute left the bell's about to go ding any ding, ding ding um on today. I i don't know, i don't know if it's going to be a green day or red day, i really don't have strong opinions about it. I just think it's going to be a volatile day. I think it's going to be a funky day with a lot of large swings.

My gut tells me i'm leaning a little bit more bullish in terms of the overall market and then, when you come to things such as amc, gme and red box, i mean look at red box. It's already up, like your guess, is as good as mine. Just i'm expecting chaos, i'm expecting insanity um, but as we're getting close to the bell opening we're about 20 seconds out, if you guys could help me out before that, bell goes ding-ding-ding-ding. I'm gon na put you guys on the clock.

If we could jump the likes on youtube up to a thousand, that would be awesome. Just gets more people in here and on rumble how many people are watching right now we got to set a fair target. We got to set a fair target on rumble. We have uh how many people we have 650, so i feel like 300 is a good, a good goal.

The casino is open. Let's do this and let's get our vote. Oh wait. Wait.

Let's try this new type of vote, a new vote, a new vote. Uh poll poll commands, i think, okay, how do i type this in i'm gon na try a new type of poll, so i think it's exclamation point pull market red green market today. Did that work? Did i type it in right? I might not have oh wait. I did nope, i didn't type in the poll right.

Did i type in right that time hang on just trying to figure out this new freaking poll? Okay, i started a new poll there. It is all right, and now we can get the votes from both youtube and rumble. You guys just need to click on the link. All right, i posted the link on rumble and then the link is already posted on youtube.

So you guys just click on that. I don't know if i like how it takes you off, though we might need to think about that think about the best way that could get all right back to the drawing board. All right, let's see how we're doing look at red box already of 24 uh the fact that it broke above eight, the next legitimate watch, at least in my book, is all the way up at 11. It's seriously that high uh red box we might be hopefully fingers crossed.

I would love to watch a full-on squeeze today, um red green, we'll do this other poll too. Let's see how this, for some reason, i don't know if all three squeezed today, okay, that would be even more exciting, even more exciting, thus far, uh jimi, leading the way once again in terms of amc and jimmy uh jimmy up 5 amc up, seven percent uh, But red box the clear crown right now up 23 after having a 29 game yesterday, i think rdbx is a total trap. I mean it depends on how you define trap any of these when they move they're not going to stay. So i wouldn't really say it's a trap because people made 21 today and made 29 yesterday.

That's real money! That's not like none of these with crazy movements are going to stay at that new value. So if that's, how you're defining a trap? Well, they're all the trap, then, if that's how you're defining it, but i wouldn't define a trap that way: uh look at rdbx, it's already traded eight million shares and we are three minutes into the day. That's just bonkers! Gme now up, seven percent amc up three percent. This is just ridiculous.

Super exciting. Let's see, let's see, let's see on the futures market, i just want to put the levels that i think are of importance. The next one, basically obviously 4 000 key psychological level, but 4040 is a important important in my book, at least for the s p. 500.

Wow. Look at all this green. Look at all this green, oh of course, tesla's green tesla's. Screwing me right now.

This is just ripping this is so insane, so so insane it's only a trap if you got caught in it. That's a fair point, very fair point. Look at this the spy cracking through 400, so i guess 4040 would be equivalent to 404 main level 404 on the spy. Let's see, let's see, let's see rdbx looks like it might be off to the races pretty soon man.

I wish i got into this one like hundreds of percent ago, this thing could get moving today, jimmy crushing it already up eight percent - i don't know why, but like amc does seem to just be lagging both of these just even a little bit of a different Chart structure a little bit of a different decoupling that we're seeing going on. Can the spy be halted and has it ever happened? Yes? And yes, yes and yes, matt, is this the squeeze uh? Now i mean it's kind of a guess because, like a squeeze is like, are some shorts getting squeezed out? Yes, are all shorts getting squeezed out. I highly doubt it uh there's a lot of shorts and we simply haven't traded. That volume, for example, amc's traded, 6 million shares - and we know - there's 170 million on loan - is some of the buying.

Fomo probably is some of the buying, maybe shorts, getting out closing their position yeah. Probably but like is it all of the shorts? I mean mathematically. It would literally be impossible. Matt look at options on rdbx puts our super money.

I would not get puts on rdbx right now, that's playing with fire. I mean i wouldn't do it until rdbx shows a weakness. All it's been showing is strength, win moon same like lambo good morning. Matt have you? Could you talk to trudeau and tweet about his take on the market crash? Could you check uh? I haven't seen that evan.

I could look into it. 93 premium in the southeast was floating between 1.98 230 gallon for years. It's now five dollars. Regular is 430..

That's crazy! Can you explain how i ride the trend? What are some ways? I can see the trend ending. That might be time to get out of the play: um. Okay: let's try to use an example: let's use the overall market so right here, beautiful bull tread in the spy. We continually made higher lows higher lows, higher lows: higher lows: you know what was different.

Is this time around when we snapped through 449 kind of like it was just a deviation in the pattern we've seen? We now made a new low and then from here, especially when it cracked that 436, so at first huge red flag when it cracked 450, because we made a new low. So i would say now it's flashing. The warning signals of like okay. Is this trend over and then really when it couldn't make that recovery like it showed a lot of strength, but it was really smacked at 460.

and then we broke right here around 435. the trend had just clearly changed. We went from higher highs and higher lows to now lower highs and lower lows. A very apparent trend, change, uh, so upset you didn't respond to my celeb boxing.

I don't know if i'll really be boxing anyone robbie matt, look at options are super money. I was saying compared to calls big difference. Well that makes sense right now, because of the incredible rip remember calls and puts are not priced linearly. It's not like just because a call gains, five percent, the sister put loses five percent.

That's not how calls and puts really work, and it's just that kind of gets into the complex, uh mathematical model behind calls and puts, but you're, not if one gains a little that doesn't mean the other one loses that exact same amount. Why is gme's borrow fee off the charts cost to borrow? Well? Also, that's off the. If you think that's off the charts red box is even more bonkers. It's like seven exit costs to borrow also known as ctb, is literally just supply and demand.

How many shares does the broker have available to loan out? What is the demand to take those shares out on loan? That's the only way shares on loan. The cost of borrow, that's how it gets it cost has nothing to do with the price of the equity. Has nothing to do with the risk profile of the equity, it's literally supply and demand. We have this many shares at this brokerage.

This many people seem to want them we're going to price it at price, x, y z, and it's going to be different per brokerage. You could run a brokerage, i can run a brokerage, another person could run a brokerage and, depending on how many shares we have and the demand at our particular brokerage, the price would be adjusted accordingly. That's why, when you see this, you see a minimum a maximum and an average, because some places might have a lot so they're going to give out more shares for a cheaper one. Other brokerages on a relative basis might have less shares, so they're going to charge more and then obviously you get an average value as well, but there was a little bit of a misconception of like somehow it relating to the risk of a squeeze brokerages.

Don't give a about that they just want the payment for loaning it out. Remember brokerages are there to facilitate, buying and selling and as long as you're within margin and you're, giving them the money they're happy and then, if you get margin called they just close your position on you what's happening with east, it looks like eth and really the Cryptosphere right now - and this is why i'm a little bit iffy about the overall market - move like the s p 500 here. This is why i'm iffy about it, because we know recently there's been a strong correlation between bitcoin ethereum, the spy and the qs crypto. Right now is super weak, bitcoin and ethereum.

I mean bitcoin, arguably looks like it's like holding on by the skin of its teeth. Uh you see, avalanche coming down, solana has been getting absolutely rocked. We've been in this range territory for a lot of different cryptos and now, unfortunately, we're seeing the bears went out in the cryptosphere. But it's interesting because now we're seeing a decoupling, usually bitcoin and spy and the qs and ethereum move in the same generic direction.

But check this out: the spy is rocking uh we're seeing the queues also rocking, but then bitcoin and ethereum selling off one of them is wrong. Either bitcoin in the ethereum is wrong or spying. The cues are wrong. It's just time will tell all right rdbx, thus far the biggest winner of the day but gme.

Looking also very nice already in a double digit gain, looks like amc is double topping right now at 12, 40 and then jimmy is chilling at 128 uh. In terms of jimmy, you would have an interesting breakout level right actually, where we are right now. I just want to lay out some of these interesting levels of support and resistance, jimmy trying to break out at 129-ish. My next watch is actually 10 higher at 140.

In terms of amc, would love to see the break of 12 66 is what i have and then i'm watching 1475 after that spy showing some strength continued strength, the major resistance we're at 401 right now, which i cared a lot about if it holds above this. I think the spy's next test would be 404 404 on the overall market. Rdbx shoulder head shoulder right now, not showing the most bullish intraday pattern, but keep in mind. We are only 13 minutes into the day, but shoulder head shoulder on the one minute chart in terms of amc and gme they're, both representing higher lows, higher highs, kind of going the way of the overall market.

Right now of just like a clear bull trend. Out of the gate chat about gme, what do you well? Have you been listening? Do you need to go like rewind, the video or something chat about jimmy? What the do you think i've been talking about, uh kyle, kyle, d'amico uh? You should have all the winners from yesterday from tennessee should have been paid out. Did you not get yours, kyle kyle? It should have been paid. Yesterday i have your vemmo as kyle dash d, a m.

I c o dash one uh. Let me hang on. Let me slack that right now, hey kyle, he won demo account. The one venmo account from yesterday is saying he didn't get the money all right.

I'm kyle, i'm asking right now: um kyle dash d-a-m-i-c-o dash one kyle. Did i get your name right all right! We're gon na do something either really smart or really stupid. All right now, my es on the futures market uh, i'm short and my average is 3990, and i'm just trying to get out for break even on this one. 3990., all right so 3990, which would put me right about 3990.

This is my average just trying to i'm bringing up my average. Hopefully it kind of just comes down, so i could get out without much pain without much pain. Chop shop. Yours didn't come through chop shop.

I have your cash at this chop shop. 72.. All right! Let me ask you about that. Uh chop shop, 72 72 is saying the same thing.

Uh cash up chop shop i have years written down as chop. Shop 72.. Is that right, we'll get it figured out? I'm messaging them right now, because i know peter peralta got his paid and then i know peter peralta ricky. I haven't heard from ricky chop shop72 yeah, probably mixed up the handles wolf fishing, all right i'll, get to the bottom of it no worries it's coming.

It's coming, no worries, no worries, no worries, the spy jimmy looking really good rdbx, showing a little bit of weakness. Even amc breaking out next target, roughly 12.75 roughly give or take a little bit right about it's actually closer to 60. I think it was like 65. I don't know we'll just do 75, because it's a nice quarter value a nice quarter value.

Why is jimmy and amc ripping at this point, probably because of fomo uh right now, people saw that it was up, and then oh man, it's up again, so that gets more and more people to buy in and then that puts pressure on the shorts to load Up their bets more and then all of a sudden, some there's more pressure on said shorts, so it very quickly just like snowballs out of control. Let's see, let's see, gme, i'm actually watching all the way up at 140.. Bbig is getting its throat punched. That's unfortunate! It's not moving today, down 14 buy the rumor sell.

The news i mean, i don't know how many times i said that about the whole kryptide thing, but the chance of bb ig staying up was a snowball chance in hell. People were getting into it to get kryptide now that they got their kryptide they're gon na unload their bbig like it was that one was just not gon na hold once amc gets good volume above 1240 is 14.50. Your next target uh 1450, 14.75 yeah. But first i want to see it above 1275.

kryptide was delayed exactly it was delayed again, so people are they're, not gon na hold it they're. They were exclusively in it. Well, i shouldn't say exclusively: many people were in bbig for kryptide, but now that it's delayed, that's what i'm saying done like they're, going to just get it on the date that they need it for kryptonite they're not going to hold it i.e. Quite a bit of selling, and also it's really sus - that they've delayed it now like again um.

I think that's going to piss people off and they're losing confidence in it. If you're told one thing and people were getting in it and then it gets delayed. That's just going to continue to piss people off matt. Do you see more future downside to spy? Yes, i do.

I definitely do, but just be careful about a bear market rally like i think there could be brutal moves to the upside um. I don't think that the s p 500 has seen its 2022 low yet like i think we are going lower, but bear market rallies like even though you're in a bear market. Brutal pops to the upside are very very real. Things is matt short on bb ig.

I have no bbig position and i have no kryptide position. I have none of it. I don't same with red rdbx, it's just something that um i'll like cover because enough people ask about it, but i have like no skin in that particular fight. Amc jimmy rockin jimmy currently up 16 amc up six wow wow wow wow jimmy is moving amc 100 for tomorrow.

If it could happen, i think it's highly unlikely. That would be what a 900 gain in one day: uh, but low low odds, extremely low odds, but not out of the question all right. Are we just going to run to that 404 level and all right like bbig, just doesn't interest me in all reality like it's? I don't know, i think, there's just more intriguing plays than bbig, i'm not like against it um. I think it's gon na leave a lot of bag holders of people who get a little bit too greedy with it uh.

But it's just i don't know. I i find things like amc, gme and redbox extraordinarily more interesting than bbig. I just think bbig is a bit boring. I think it's story is a little bit boring.

I just i think it's going to get like. I said i think it's going to leave quite a few bag holders waiting for eth to dip below 1.5 k. To really start dcing, i agree with you on that. Uh looks like there's getting a little bit of retraction, because the market is just so incredibly strong right now.

The spy just keeps ripping keeps ripping keeps ripping, keeps ripping wow wow, wow wow, i'm getting murdered on tesla right now. Redbox doesn't have much of a future. I mean a future or not that doesn't like you can still make money on it in the short term. I don't think many people are pitching the concept of redbox being a long term investment, but with moves like this yesterday gained 29 right now, it's up 19.

You can make a stupid amount of money, there's a big difference between investing and trading. You still buying amc and jamie, or are you just letting it ride, um i'll? Let you know if i buy more but right now i i'm just sitting on my shares that i've had for a hot minute. I'm not, i mean i think it's so silly to chase it's just i mean i, the concept of buying when things are ripping. I i don't like that, because if you like the underlying thing, you should buy it on discount.

If you like, inherently the thing, why would you not shop on discount, i think fomo's a brutal thing, so i'm not going to chase on rip to the upside when things are ripping to the upside? That's the time to sit back and enjoy and watch like the player versus player, nature of like wall street, like let people battle it out, um for me, i would rather buy on discount. Have you drs your gme? No, i haven't drs my amc either. I all my amc and gme is sitting in public and then i just turned off my lending still holding bior yeah. My amc, gme, bior and corsair are all viewable on public uh.

Someone said amc to 15 today. Well, first, it would have to break the resistance of 1275, which, let's take it level by level. Let's take it level by level jamie running into a little bit of a hiccup here at 135, but still a pretty green day. Whoa apple is red for some reason.

Why is apple red? Oh, it's just actually, fighting back green look at apple, just ripping like the spy nvidia, even though uh it didn't have the best guidance, nvidia ripping actually coming back yesterday and post market training and dropped as low as like, 150 154. Are they trading at 177. tesla's ripping my face off? I need tesla at like 600. Today, not 670..

Do you have a exit plan for my tesla puts right now, they're like borderline worthless, so my plan is a hail mary. Do institutions buy a ton of shares to make money off share lending? Well, it's not exclusively for share lending they'll. Do that to make even more money but they're going to buy the stock that they need, whether they are matching a particular index or if they just for some reason, want to be invested in that, but yeah a lot of a lot. A lot of big players.

When you have like many many shares like when we're talking about an institutional level amount of shares, it's silly to not loan it out, because they can make quite a bit of extra money by just doing their daily loans, especially if they're that confident in the position. For them they're like okay, wait. We think the shorts are wrong anyway, so that sucks to be them, and on top of that we could like get extra money to them. That's it's easy.

Can you talk about a stock dividend for gme, forcing shorts to cover stock dividends, do not force shorts to cover? There's no rule that, because there's a dividend shorts have to cover, that's not a rule in the market, i mean, and we even know that from the fact that there's been points in time on amc and gme, where we've seen the average age of shares on loan. Many like 60 70 80 days, which means that the average short was in there for longer than a dividend cycle uh, so it doesn't force it matt. Do you enjoy long swims in the beach uh? No, not really. Are we technically out of a bear market yeah? We were, we were only briefly in a bear market briefly briefly like for that, like one little day we were, and even that day we bounced out of it really recommend drsing.

At least some of your gme never know if you can trust your broker during an infinity squeeze, but the issue with drsing. Well, what's an infinity squeeze, i don't think an infinity squeeze is uh. That's something that sounds really nice, but i don't think it's like a legitimate thing. Uh it's one of those things that sounds like it could happen in theory, but it wouldn't happen in reality um, but for drsing like if you try to get out like that's kind of one of the jokes about drsing, it's like half the fun of drsing is When you try to get out like you just don't know what price you're gon na get your fill at and if you've seen the insanity in amc and gme.

The difference within a couple minutes is like it could be a huge price difference. Even in a couple minutes, so i don't know, i think drsing has its pros and it's cons uh. It definitely has its pros and it's cons and it's just that's up to you to decide which side of the column outweighs the other side. What the hell is an infinity squeeze that sounds like just uh another thing that was produced from either a twitter or reddit echo chamber of people like jacking, each other up of how like owning a share is gon na lead to your financial freedom, because it's just Gon na go on endlessly wow look at the spy just non-stop, ripping today holy just non-stop jimmy holding its own amc, holding its own tesla, ripping my face off red box.

It's still in the green, but we've kind of only seen some selling. Today there was a nice pop for the first six minutes, but since then lower highs, lower lows. Look for that trend in reverse, look for it to recapture eight apple, doing the exact same thing as the spy. Even the wax in the green cfbi is in the green microsoft.

Just climbing, climbing, climbing everything is just climbing. This morning, amazon climbing the broker owns your shares. They can technically take your shares and sell them. That's why i drs uh, but they can't do that with no reasoning like you'd have to get margin called or something like that, like there's still rules that if they break their own rules, they would you like would sue them and that's what the whole terms of Service is for they can't just sell them because they feel like it.

They would have to have like a legal, legitimate reason. Everything ripping the shorts must be covering or people are just buying. Remember when you say shorts covering that's just you're, just describing one type of buying buying is buying at the end of the day, whether you're buying to create a position and go long or if you're buying, to get out of a short position. As in a covering a short closing, whatever you want to call it, it's the exact same um buying is buying it doesn't at the end of the day, for you to make money, do you really care? What kind of buying it is buying is just that buying is buying uh, whether it's a short covering or someone creating a long position, buying's buying, there's no different buying is buying, and obviously, as more people buy, that can produce fomo, which makes more people potentially want To go long, and it also puts more pressure on the shorts, which means they want to cover or close one of the most ridiculous things.

I've seen over the past month or two is people. I think i saw this on reddit.