Market Bounces Off of Big Earnings & DWAC Continues πππ
Dumb Money w/ Matt Ep. 214
AMC, GME, AAPL, MSFT, LCID, NVDA, TSLA, DWAC, BBIG, BTC, ETH, SOL & SHIB
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Dumb Money w/ Matt Ep. 214
AMC, GME, AAPL, MSFT, LCID, NVDA, TSLA, DWAC, BBIG, BTC, ETH, SOL & SHIB
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#DumbMoney #ApeNation #MoonGang
Please be sure to LIKE, SUBSCRIBE, and turn on them NOTIFICATIONS.
Let me know in the comments if there is anything I can improve on moving forward.
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RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
DISCLOSURE:
I have a beneficial long position in the shares of AMC & GME either through stock ownership, options, or other derivatives.
Come drop dead! Oh hey! Oh! Come on! Oh, oh, oh moon, gang, hello, hello, hello! Today is wednesday january 19th and i am pretty excited. I think we are gon na get some serious, serious volatility today, let's get after it. Ah folks, it's gon na be a volatile day. I think it's gon na be a volatile week and i think honestly, it's gon na be a volatile remainder for the rest of the month, which means some money making opportunities if we can be so fortunate to spot.
What's going on this morning, we have some earnings to talk about. Definitely some earnings to talk about. Remember friday, kicked off earnings season and then it continued yesterday, tuesday and then today it's just gon na keep keep going. Oh, are we already lagging? Are we already? What's going on with the the lag here, let's see, let's see, is it what is going on with the frame the frame right here? Are we still dropping? I don't think so.
Well, this is an awkward start. It says that i'm lagging, but i think we should be all. I think this should update. Is this still continuing about a minute ago? Let's see if it this seems super super laggy, we might have to sounds good frame rate is low.
It's not showing, let's see if this actually improves or what's going on here frame rate. Your stream is experiencing issues, but it was two minutes ago. I think we should be back more likes equals more frames. I think we should be back.
Is it back in action? Now quality is too high. Quality is too high yeah. This is interesting, interesting and it's not improving right in my back. Am i back now i haven't done anything, but in my back we're gon na have to i think, i'm back uh.
What is my oh golly? Golly gally gally, golly, golly drop frames she's taken frame. Why is, are my frames being dropped loud and clear? You know, folks, let me just kill this stream and i'm going to restart it uh the frame, dropping yeah. Let me just kill everything and i'm gon na restart it wherever you're watching just hold tight. I will be right back, any better.
Are we live? Are we live all right? Let's see if this has switched some things, you know the old technical trick of turn it off and turn it back on again all right. Let's see if this has actually successfully done anything right, we gave it the old, the old restart the old restart. I think we are back. I think we are back better, better, better, better, better thumbs up everyone thumbs up.
Are we happy? Are we happy? Are we happy? Are we happy all right? Let's see how this is gone, let's see, let's see all right. I think we should be a-okay right now - a-okay, yes, no, maybe so dropping frame good thing. This is why we start a half hour before the market really gets going. I think we're good.
Let's hop into it, let's see how it all plays out, but yes, i am expecting volatility today for sure we had some big big earnings announcements from various banks. We are in the start of earning season and we also have an update from uh png. So we're going to be looking at that, i think it's going to be pretty important stuff and then we're also going to talk a little about. What's going on in the overall market, there seems to be a battle going on in the world of 5g, and then i have some like quantitative stats stuff to update you about, and i think that'll give us a better idea of what's kind of going on today. Uh, so with all that being said, let's hop into it. Let's see if we kind of can get through here, it's on my end, it's saying that it's all coming through a okay right now um! So please, let me know everyone spam attack me if you, if, like if the frame again or something like that occurs, let's see. Let's see, i just want to make sure this is looking as it should on rumble as well. All right, i think we are good to go.
Let's hop right into it. Let me check with the producer really quick uh. Oh you said that i'm. Why does it show that it's lagging, but on mine we're showing bigger problems? This is super confusing.
I want to try to just get it all figured out. Obviously, before that bell goes ding any ding, ding ding shorts are ladder attacking the stream yeah. I don't get what's lagging now. Hmm mine is showing perfect yeah.
So now it's almost like in between, for certain people like certain people, it's coming through fine and other people - it's not no, i'm not on wi-fi, i'm etherneted in mom's basement was better. Let's see how this all goes. I mean it is interesting, switch to 4g and you're good uh, all right! Well, we're just going to let it rip and see how it all goes when in doubt let it rip so right now you have the s p 500, which is currently up 0.4 percent and the queues that are up 0.6. Let's take a look at the bigger picture and then this is where i'm going to have some data about um kind of the the odds of a bounce back today, but anyway, the dow futures, the s p futures and the nasdaq futures all in the green oil Is cruising higher and higher and right now the 10-year yield is unchanged, but it's still sky high at 1.8 percent.
At one point, i believe it clipped 1.9 remember the higher. This goes. That's going to put more pressure to the downside on the nasdaq, so we before we get into this, i wanted to dive a little bit more into this number. The 10-year, because, like it is important to follow yields remember, as yields go up, that's basically going to tell you that money most likely not going in what's perceived to be higher risk plays 10-year treasury yield hits 1.9, as investors bet on rate hikes.
Remember we're pretty much all accepting three this year, it actually might like push up to an expectation of four the ten year rate surged yesterday, tuesday topping one point: eight seven percent, amid growing investor anticipation, that the fed would soon start a hike on interest rates. The german 10-year bond yield traded in positive territory for the first time in nearly three years, also on an international update uk inflation rate sourced to 30-year high as cost pressure continues. Remember with us in the u.s. We are at a 40-year high, so we're seeing this globally that basically the way governments decided to handle the fiscal and monetary policy to help us through the rona period right now we're kind of seeing some of the effects of them backstopping everything inflation hit an annual 5.4 percent the highest since march 1992 up 5.1 percent from november itself, a decade high wild wild wild. Now before we get into like kind of that, very quick breakdown, just more of a public service announcement for all of you. This is how at least if you're in the us, through usps, you can get free at home cover 19 tests. So, if that's something that could help you out, if that's something that you're interested in the website is live, go to, you could just google it, but once again it will be through the usps website and yeah. It's not like the most clean ui ever, but apparently it's been holding up pretty well and people are successfully getting in their orders.
So if this is something you're interested in, i just thought it was my duty to call it out to you. If maybe that could help with like a particular financial burden? Five things to know before the stock market opens today, wednesday january 19th wall street looks higher in pre-market after the nasdaq's slide. So yes, the nasdaq referring to the queues here kind of getting tech is getting beat up right now and when tech gets beat up and ends up dragging the overall market with it. Because a lot of these tech plays are the composition of the top plays within the s p.
500. So when you see tech going down and it drags the s p with it, that ends up also kind of dragging the russell uh. So there are various things to kind of like understand, what's at play there and then obviously, as we already spoke about, it's going to also be tied with yields and the yields rising. This is all stuff that it is clearly important to know for the overall market.
Um moving on bank of america, morgan stanley, p g, united health rise on earnings beat, so there is an earnings reason, but also kind of a statistical reason of what we're seeing uh across the market today. And what i'm talking about is this relief balance that you're, seeing in the spy, the queues and also right here, let's just throw up the russell for the time being. All of them are green in the pre-market, so part of it is just hey: we're having good earnings, png earnings, top estimates as price hikes offset, rising cost company rises, 2022 sales forecast, obviously bullish, morgan stanley shares rise after fourth quarter. Profit tops estimates so as you're about to see with this and bank of america.
This is some positivity because last week, when we had citibank jp morgan and wells fargo all report, it was a mixed bag. Yesterday, not the best feeling with goldman sachs, but here morgan stanley, that is positive. Positive news. Earnings per share two dollars versus the estimate of 191 revenue of 14.52 billion so similar to city and jp slightly missing on the revenue, but beating on earnings per share bank of america earnings top estimates on release of pandemic loan loss reserves. This is exactly what jp morgan did as well, so basically they're going to beat on earnings per share, but most likely miss on revenue and, as you can see, the exact same situation. So it seems like all of these large banks did the exact same tactic of using the loan loss reserves to help with earnings per share and they kind of missed on revenue. So we know jp, we know city, we know, bank of america, we know morgan stanley, all of them missed on revenues, but they were kind of showing that their earnings per share were actually beat when it was more of like just using this. Loan loss reserve thing wells fargo did stand out, though, so once again it's the headlines are positive, but when you dive into it, that's what i'm talking about of more of a kind of like a mixed bag situation, but overall, remember that these banks, especially banks that Engage mainly in loans do not forget whatsoever that, as there's more rate hikes they're gon na do better my prediction for this year.
Is it's not going to be some insane bullish rocket ship all year? I think it's actually going to be a choppy year, especially depending on how aggressive the fed does or doesn't want to be at this point, with its balance sheet runoff, that's very important to remember biden, to hold a news conference to mark one year into his presidency. I mean, depending on what he does or doesn't say. Obviously it can have an impact on the market, so that will be happening today. Verizon and att launched 5g agreed to delay service by some airports.
So, what's going on with this 5g thing, is it's been getting delayed delayed delayed if it's continued delayed that could actually put pressure on verizon and at t and obviously the concerns? Are these networks around clearly airport? And finally, we will talk about some individual stocks, so fi stores, after clearing regulatory hurdle, to become a bank. If you check out sofi, it is doing great great great today, so we will circle back to that. But i do want to talk a little bit more about this. This 5g thing uh, so they're delaying the 5g rollout near some airports after airlines warned of flight cancellations.
Obviously, right now enough, cancellations are already happening because of the of like these sick outs, a lack of a labor force and also weather. So the white house earlier tuesday said it was in talks with telecom companies. Airlines, regulators, airlines have more to roll out 5g could cause flight cancellations. Basically, people are looking to not continue to disrupt what we are already seeing with the disruptions in air travel. So before we dive into these individual companies and everything, i want to take once again a look at the bigger picture. Remember we are about halfway through maybe two thirds of the way through january. We are right here now this is seasonally. This is data from the past 20 years.
Excuse me apparently, there's apparently i now live in one of the loudest places in freaking america um we're just so you know i did order some sound cancelling stuff to block out all my windows, so that should be here. Hopefully, today, hopefully, tomorrow anyway, we're about two thirds of the way through and as we go from the ending to the ending of january, this is seasonally bearish. That is the seasonal. I guess push on the s p right now.
It is bearish and right now, there's kind of it's coming to a head with discussions about what's going on with interest rate hikes, what's going on with tapering, what's going on with balance sheet normalization, and just so you know remember tuesday and wednesday of next week, the Feds meeting the fomc meeting, we will be getting the meeting minutes on wednesday, the 26th. So from there we should be getting an update of the aggression relating to the balance sheet. The tapering interest rate hikes, hopefully a little bit more clarity. So anyway, yes seasonally, and just because it's seasonally something that doesn't mean it doesn't have to play out.
That way, just gives you an idea of what's happened over the past two decades in this exact time frame. Now, let's talk about today, more specifically, if you take a look at the s, p 500 recently it's been coming down, but we did have a nice pop we're up about a dollar fifty, and i thought this was interesting to share. So this is my background in training. This is where i first found.
My success was looking for patterns, something that i can code and test and then trade on in the future, and i think this one's crazy shout out to quantified strategies. What happens if the spy falls more than one percent on a tuesday, as in yesterday, when monday was a non-trading day? So, basically previously this has happened 20 or 19 times. Excuse me, this has happened 19 times in the past. Monday is a holiday a non-trading day, tuesday, the s p 500 falls more than one percent.
What happens if you hold it for one day, two days three days four days five days, this has happened 19 times, they've tested it historically, here's the average percent of profitable trades, the percentage of warner's and the profit factor. So, as you can see there it, when i'm talking about an edge, a statistical edge, this is exactly 100. What i am referring to a one-day home, obviously going bullish. Uh 68 are winners, so basically 7 out of 10 times, and the profit factor is a very noteworthy 3.3, with the max trade percentage drawdown being two percent um. So this is that's the kind of stuff that, like honestly what i started my youtube channel with this is the kind of stuff that i was explaining and the strategies i was diving into um. So i thought that was interesting to share that. Yes, the edge today is to the positive side um. Obviously, as you hold it, the profit factor is going down and down, but the n bar exit, as you hold longer and longer the percentage of winners is going higher and higher, which mean makes sense because you're like including more days at that point for how this Particular strategy is playing out, but overall, yes, i know seasonally there's some bearishness, but if you're taking this there's, arguably a 68 chance based on 19 different data points that today will be a positive day now to be completely transparent.
With all of you, i still have my spy puts. I still have my q puts those are the positions that i have in my public portfolio. Spy puts q puts expiration date february 4th just i want to be transparent of like hey, yes, i can show out or show off all this code and the edge for you, but overall i'm not in it for a one day thing i'm doing it for, like A little baby swing here and i'm still more so for a bit of a that baby swing time period, i'm more focusing on the seasonality and what's going on with the fed, rather than like this predicted one day, pop um not really related to the market. But i did want to share with you just because well i thought this would be good to share and the other one i just found interesting winter olympics athletes advise to use burner phones in beijing.
Basically, so they don't get hacked and snoop. So i thought that was interesting being reported by the bbc and then this one just. I think it's good news for us to all no good information for us to all have daniel radcliffe to play weird al yankovic in a new biopic um. You know i just thought this was important kind of equivalent to the skillet story.
I just at a certain point when there's people paying attention, i just thought it was useful for everyone to know this type of thing in case you're, at like a bar trivia or something they're like who's about to play. Weird al yankovic in a new biopic and you could be like i know, harry potter - is so i thought it was necessary to share all of that with you now, let's take a look at some charts, as i have what about 10 minutes to go all right. So yes, right now the s p is pushing up and statistically that does make sense. I myself am not chasing it.
I think whatever the bounce is it's going to be momentary, um and my reasoning, for that is just okay, we're getting not the strongest reports from the banks that are currently reporting, and i am hesitant about how hawkish the fed's going to be, as in i think, They're going to come in hawkish, i think they're going to be a little bit more hawkish than people are really expecting, and i think that could some surprise some people yesterday. I do want to point out just because i do love doing this technical analysis. Look at the low the low is perfectly 455 30.. Look at this perfect gap fill 455 40.. It did a gap fill by perfectly 10 cents. So this is exactly why we pay attention to gaps, because it seems like markets really really enjoy doing these types of gap fills. I do think this stuff. It seems to hold true time and time again and speaking of statistics, you can look them up for gap.
Fills - and they are pretty impressive, so overall we're getting a little bit of a relief bounce. But i would like to see for me to like, i guess, switch my mind of where i'm at. I would want to see quite a bit of intraday strength and not one of these early morning, pops that ends up getting sold off all day. So, that's exactly why, today, more than any day, um, probably waiting more than 15 minutes for my first trade, if i'm gon na make any trade.
This is the time this is the environment, where you have to be very careful when we're talking about trading like a sniper this, in my opinion, the opening will be a great time to simply sit on your hands. Similar scenario in the nasdaq remember, even though i am a little bit hesitant of how how high the 10 year yields are right now they are sky, high and they're, pushing higher and higher russell. Unfortunately, similarly getting dragged down with the spy and the cues there's pressure on the overall market. Yes, it's gapping up, let's see if it can hold um on a technical perspective.
The russell try to break out try to bounce right here. Unfortunately, that could not hold so we're gon na have to see how this actually plays out when things really really get rocking. Now, before i get into these individual stocks, oh man, what is going on with all of this today speed test time, all right, so my download is 900 megabits per second, and my upload is taking a considerable hit right now. Why, oh, why is the upload having such an issue? I wanted to show you all this information.
The frames is just that doesn't make sense to me because the frames is just 30.. I think we're back in action. I think we're back in action. It's just like popping from like oh yeah, no we're totally fine yeah, i mean the cpu's five percent.
The frames per second is 30 um and the it's at 4.5 000.. Something has to be going on. Why is my upload getting absolutely destroyed? What time is it 9 25? All right. If this issue persists, i will do a reboot, but right now it seems to be fine.
So, let's just um, let's keep rocking with it and hope that it corrects itself because, on my end, like i don't even know what it'd be update the title of the video today, we break the internet. I love that all right. I wanted to give you uh. Just this update right here, amc short interest is going higher, we're actually uh just below the record high short interest, it's over 20 right now on amc. Now i need to remind you, with this amc jimmy all this stuff. It doesn't matter what stock you're talking about a high short interest does not guarantee a squeeze. You need to have it it's a prerequisite. It's a check like okay to have a short squeeze.
You have to have a high short interest, but that's all it is. It have it's not like it goes higher and higher, and your increases in the chances of it. Think of it as a pre-check like just a checklist thing, a pre-check thing of like okay, we have it and the higher it is. It does increase the proverbial ceiling of where the squeeze could potentially go.
Um. So keep that in mind, but with it it's not like. Oh okay, it's here it has to squeeze anyone who's telling you it has to squeeze. They simply don't know what they're talking about.
There are too many people who are saying things that are inaccurate and maybe part of that is on me for not just like calling them out, but there are a lot of people who are saying things who are verifiably wrong. I'm not saying this is an opinion. I'm saying just like factually it's just inaccurate, and i know that there's people who are saying that this has to squeeze they're saying that it's when it goes higher it's gon na squeeze, it doesn't have to that's not how markets work. So i think yes, is it gon na piss off more people who have the like emotional fragility of a uncooked piece of pasta yeah probably, but for those of you who actually care about the markets and who actually care about? What's going on in this situation, i believe, as a person as a person, who's running this community, the moon game community.
I owe it to you to clear up any confusion of when one person says one thing and i maybe i'm not like disavowing it, but maybe i'm just not talking about it. Well, that's also not fair. I mean i do this to share all of my knowledge with all of you, which is incredibly important. So when someone says something seriously, if you have a question about any of this stuff of, if you're hearing some sort of rhetoric or terminology that doesn't make sense to you, please do not hesitate to ask.
I have no issue giving it yesterday. I got a lot of questions of what do. I think i don't even know who said this but they're like what do you think about all of us buying on friday to push amc to 21? Do you know how incredibly illegal that sounds like a coordinated effort to target a price to get an entire group? Do you know how quickly the sec would freak out about that? The people who say those type of things they're saying it most likely because they're just dumb or silly or don't care about the sec or don't care about laws. It's not one of these things that, like we're fighting market manipulation, that doesn't mean you manipulate the market to fight it back. You need to win completely above board to really make headway in what we're trying to make headway in. It's that classic saying two wrongs do not make it right here: gamestop increasing short interest as well: 17.64 bbig increasing as well. 27.5 bbig had like a really good post market early, pre-market selling off a little bit right now, but we'll definitely be watching it throughout the day and then d-wack, even though it's crushing it this morning, not the highest short interest 12.2 and that's noteworthy. It's definitely outside of normality, but i did want to point out that the utilization was already jacked up, as in everyone, who's willing to loan out their shares are loaning out their shares 99.99, as in you're not going to see the short interest increase anymore.
Unless there's new people willing to loan out their shares and that's exactly why the costa bar was already super super juiced at 166 percent, so right here, like i said dwack, i was calling out 90 yesterday. If you were listening to yesterday's stream. Yes, it was solid. Uh that thus far, it actually overshot it, and at this point, let's just start with dwack, and then we could get to some of these other ones dwack.
This was exactly what i was calling we're now gapping up above it, and my next watch is going to be a hundred a key psychological level and then from there i'm basically watching 120. um very, very important, very, very important um. What else do we have hang on any questions coming in crazy to see how matt's, how much mats change i don't get? What's, isn't that what people are supposed to do by the way ding ding ding, ding, ding, ding, ding, ding, ding, ding ding? The casino is open, aren't like we've been at this for a year. If you're not changing, that's not a good thing.
We should be learning more. We should like understand. What's going on, and also the stocking like, the stock has moved. Things have happened, how it's not a good sign.
You should not be happy. That is not a positive thing if you have not changed over the past year in your knowledge base and your interaction with this community, so many things have occurred that if your behavior and your persona and your knowledge is the exact same, it was a year ago. That's not a good sign, that's not a good sign whatsoever. You should be learning.
You should be changing by the fact that the stock itself is changing. There are so many variables so to say the same. I i just don't get it and if, for i guess, like um a moment of realness, there are a very loud minority in this community that makes it extremely difficult to support this community because they are dumb asses. They are stupid, they are idiots.
Whatever words, you want to use crack open a thesaurus, but there are people who are infiltrating it and they are ruining the community for everyone else before i don't know if they're infiltrators, so maybe it still sticks to it, but maybe it's just um some of the People this concept of confirmation bias and this cultism and this tribalism, if it does not change it, will be the end of the community. There are people who are being um, attacked, there's women who are being attacked. There are people who are being bad-mouthed it it's it's. The right now it feels like the like patients are running the asylum. That's a very, very difficult community to support it's a very difficult community for media, to kind of give attention to and try to get the story out there, and i know most of you are not it. I know 99 of you are in it, and i know that because if you're here in the moon gang, you probably care a little bit more than just like cheerleading and hyping up a socks, there's a good chance. You actually care about learning and actually care about. Hopefully, making some money, so i know it's um at a certain sense preaching to the choir and i hope you're not engaging in social media like that, because you probably have better things to do with your time like maybe including watching paint dry on a wall.
But if you cannot see the path that this is going because of how the community behaves, it's not a good trajectory right now, and this is nothing to do with the stock market. This has nothing to do with market makers or banks. This has to do exclusively with the behavior of a small amount of in this community that i strongly fear will ruin this for everyone else. We have racists, we have misogynists, the list goes on just add any iss.
Do you want to, and they are getting louder and for whatever reason people are supporting them, and i mean charles payne recently talked about this like he had a tweet he's like this community is being extremely difficult to help in any manner, and i 100 understand where He's coming from 100 all right, let me actually throw up. I want to see what's going on with opening amc and we'll here, let me switch these amc up top gme right there. Let me switch this over to the one minute all right, so we have dwack. If dwack starts pushing 90 again, let me know i kind of want to see how the the spy and the queues are opening up.
We saw a nice push with amc and jimmy out of the gate. Um, obviously, with amc would love for it to recapture uh 20 at asap the longer we're below 20. That's, not good and then gme. I would love to see this recapture a hundred and twenty uh.
Thank you for not telling to confirmation, bias and really teaching and growing the way i look at it well. First of all, thank you ape mama. The way i look at it is this short-term conflict will lead to long-term success like if you keep pushing off short-term conflict. It's just not a good scenario.
There are people who go out of their way to confirm, and this and they're gon na it's gon na end. For them the party will end in the short term. Will they be more beloved than me, 100, of course they'll, but eventually the truth always rises. They're, like the truth, always has a special knack of getting out given enough time and when people look back on it whatever i, i don't really care about being the most liked. I care about being the guy who everyone when whenever, however, this ends they're gon na say, you know what at least matt was always telling us the truth. Even when there were a bunch of that didn't want him to. I will always always always tell you the truth. Even if it's the painful truth, i'd rather give you the painful truth than uh like i guess, a well-digested lie, it's just not me and i don't care to do it.
Morally, it has issues, it probably has legal complications when you're running a community. This big there's just various things that it's so silly to possibly deal with, and i don't know they're the people who do that. The people who don't know what the hell they're talking about and continually pump pump pump and hype and spread false information. Do you know how many receipts i have of trying to explain this stuff to other creators and well-known people throughout reddit and twitter? Being like hey man just so you know you got this wrong because of this this and this and then mission, i send the sources and then they just don't ever change their way.
It's sad very disheartening. It's very very sad, and that's just just where we're at so whatever it is the way i view it is hey we're here we're here in the moon gang we're going to do what we're going to do best we're going to learn about the market, we're going To have some fun and hopefully we're going to make some money all we can do is control what the moon gang is. We are a sub niche of the overall apes, and all we can do is keep ourselves accountable for the overall community. I mean we're not their moms, we're not their dads.
We can't make them do squat uh. Where are we at sofa? Yes, sofi is actually having a great day. Okay, so the spine, the cues are both popping sofi cleared a regulatory hurdle um to become a bank, and that's why it's up 14: let's do a little bit of a check on it. So just be careful with this gap fill obviously it gapped up and it's selling off that's a little makes me a little bit hesitant, but just so you know where it did hit the 1350 area.
That is previous support, and it's actually at support right now. Between 1350 and 1375 that support, so if it starts to turn back around kind of a decent risk to reward setup with a minimal risk, you can, if it goes to like 13 30 13 25, you can get out with just a paper cup the game of Training is own. Do your best to only take paper, cut damage you don't as mike would say over at ttg, you don't want to step on a land mine, keep your risk as close as you can identify those good support levels and, if you're wrong on the plate, you just Get out, i know you might be burning a day trade which sucks, but that's all right. This is part of the learning process. Really you don't you get on a bike on a flat surface with training wheels, you don't first go biking down like a gigantic mountain, not knowing what you're doing never being on a bike before this process, especially if you're within your first one, two three years of Training, all that is it's your training, wheels period that it is like you shouldn't be thinking of like year, one oh, this is gon na my job. This is how i'm gon na pay my bills, there's just so much to learn it's literally impossible for just one year of training to experience a bull market, a bear market, a chop market. You have to go through all of this um, yes uh, even like once in a while. What's the saying, a blind squirrel will get an acorn yeah.
That totally can happen, and i hope you're successful, but there's just so many nuances to learn about the market and i think the major nuances are honestly personality you're, going to learn so much about yourself when it comes to trading - and i think that's a thing that Takes quite a while to digest, because i can tell you i've been doing this for a decade now and i'm still learning about what i would actually consider downfalls and pitfalls in my own personality, my own issues with discipline like and that's wild, and maybe i could Be i don't know, maybe i just started a little young and like it's gon na, take me longer, maybe if you're starting as an adult, that's something you could get over more rapidly. I hope it's true, but my point is: is this is not a skill set that you learn overnight? This is something that people spend decades mastering and in a certain point those are some of the people you're going against in the market. It doesn't make sense to think that collectively, a new trader would be able to somehow quote unquote beat a veteran trader who's seen it for decades when with us. We also know that, if you're not in wall street at all that, unfortunately like we have less high quality data, a lot of our data is suspect, to say the least, so there's just various headwinds and that all just takes time to kind of get over and Understand the environment that you're really let's say boxing in amc - nice push i'm looking forward to get to 20.
Like i said no like this is good. It's up one point: seven percent gme is up two percent. This needs to keep going um, i'm also kind of quietly watching the spy over here to see. If this push will hold someone said bbig is ripping uh bbig.
Let me know if it gets and holds above five. That's the interesting level on vbig the whack not holding right now, so we'll throw bbig back up uh. Why? Why why why? So i'm seeing these messages that frames are dropping, but on my end, what i just don't get is it saying no frames are dropping, so i'm just trying to figure out if it's your extreme, hmm blurry, i'm just trying to figure out where the problem is just So i know what to try to like fix thoughts on prague. Bottom will be. I want to load up average down so prague. I believe there was a little bit of a dilution issue, um, actually not looking the best right now i would say there is solid support at a dollar. Thirty there's also a gap bill at a dollar. What i wan na clarify in prague is yes, technically, it's very oversold right now.
Prague can it squeeze totally? Do i just think it's a very, very undervalued company from a fundamental perspective. Yes, i do hence why i got into it and i'm just going to hold it. If it does squeeze like to me, do i recognize that it could squeeze yes. Is that why i'm in it absolutely not if it does squeeze awesome up i'll, lock it in i'll, let it come back down and i'll buy.
My original shares back maybe buy even more, but i just view this as like a long-term hold like. I think this is a company that i it's performing well, in my estimation in my research, i think it's going to perform even better in the future, so because of that, when i look at the sector it's in and what it's doing and then i look at Its market cap - i was like well that doesn't really make sense to me. Hence why i'm just okay, i'm more than happy to hold it uh morning, matt. If we own 90 of the float in amc, why is it utilization not higher? Okay, a couple things to talk about there: i've never heard that 90 number um i've heard 80, but remember 80, was from early june.
We have literally no clue about ownership right now. That's like it was 80 at the start of june, but we are currently in january of 2022. We are half a year removed from that. The only way we would get a new, updated number is, if they do another share recount for the next earnings announcement, but they for some reason, seem to not be doing that which does bother me.
I don't know why they're not doing it. I don't know if it's absurdly costly, i don't know what's going on, share recounts, do not expose synthetics. Let's get that out there right away. We've done a share count in june, when we know ftds were spiking like a mofo, and it's still whatever the mechanism is of a share recount, it doesn't do that.
It's them like recounting from their books, not necessarily tracking the buying and owning throughout all brokerages. That are going to be trading that asset we've been through this in june in june, when we know there were millions for of the end of june there. It was just days and days of three plus million ftds every single day and nakeds were not shown from there. Synthetic shares were not shown in a share recount, so whatever the mechanism of that is we're not going to get any information on nakeds, i want to clarify that, but what we do get is an idea of the composition of ownership, so, for example, we knew that There were 4.1 million unique owners of amc, so, let's just say a hundred thousand were roughly big banks and hedge funds and that that means that there's four million individual retail owners and from there they also gave us the information on the average ownership, which i think At that time was 120 shares, that's the type of information that i'm still interested in so and to get to the 80 number. It was 120 shares, multiplied by the 4 million, basically um, but anyway, that's what i'm looking for, but 90. I've never ever heard. That number before i've heard 80, but it's not right anymore. It might be right, it might be higher, it might be lower.
I don't know, but for whatever reason, adam aaron and the team seems to not care about doing another share recount. Maybe it's costly. I don't know i would have to look into it more. I don't think it's that costly, but once again that's something that i would i guess have to dive into.
But honestly, i don't even know where i would start to like even figure out the cost of doing a share recount um it might be internal, it might be man hours, it might be. You pay the sec, maybe you can only do it once a year. I'm not really sure about the details of it, so i would have to ask someone who's far more informed about that type of thing than i am um, but also the second part of it. Your utilization utilization has nothing at all to do with percentage ownership unless percentage ownership is maxed out, and everything is, i don't know like registered at computer share or something that would be, but as soon if as long as you're 99 or less, you can basically like.
Take the connection to utilization and throw it out the window remember what utilization is utilization is the amount of shares that are out on loan divided by total loanable shares, so as more and more people are willing to loan out their shares and more people decide to Short like it's just that ratio it's x, divided by y, so there's not really a connection there to the float all right. 19 we're holding there we'd love to see this push. 20.. Oh, he said 90 in a recent interview.
Uh. Could someone like dm me that interview - i guess i didn't? Was it a written interview, a video interview? Um 90. Okay. I, like that's like news to me, uh.
If anyone has the link to that, i would love to check it out, and maybe i could offer a little bit more clarity on it, but feel free to like dm me on twitter or something uh 90 without indexes. Well, okay, that's a completely different story! Thank you for that clarification, jacob uh that changes it because we know uh these indices. We know amc, for example, is the biggest owner or the the biggest holding within the russell. So that would actually be like millions of shares.
It was a video okay. If anyone has the link to it, because i kind of want to see the date - and i want to see what he said, but if he said not counting indices like and that's what i'm saying is people. We need to focus on having more critical thought like right away. People are taking that as a headline 90, 90 90, but as jacob pointed out, if he said, including indices, that has a big impact. That's not something you just like kind of graze over and act like it's, not uh, important information. That's very, very important because we know that something such as russell can own millions of shares of it. Are you still doing crypto course yep. It's just um on the crypto course channels so like just find crypto cores or go to crypto cores.com and you can find that channel.
But if you're watching on rumble or twitch, you have to do absolutely nothing. It will be a okay, but if you're watching it was the miss melissa lee interview a month ago, it was the video oh, like the cnbc, i mean i watched that i guess i must have miss it jacob's on. It was just going to say that it was a melissa lee interview, andrew lou, says: amc must total line at 21 for friday he's never presented a source in his life. He's no one's.
Ask him. Ask him for data sources. Ask him for proof of his ownership. Ask him for anything, i just don't get it.
I don't get how people think he's a quality source for the current situation and like, and i'm saying that, because i know he's not like i don't really care like if you like his mannerisms. If you like his jokes, like have at it like, whatever gets you through the day, it gets you through the day and i hope you're funny like i hope you enjoy it, but to use that as like a credible source when there are no sources. How do i know it's not a credible source because there's literally never ever a source presented 100 100 of the time you are going to get zero sources, you're gon na get ramblings. I just if you enjoy, if you find it in entertainment, like have had it cool like, like, i said, like hey, we're all living our life and you got to do whatever makes you happy spend your time.
The best way you want, but to think that that's like a representation like accurate information on market structure on technicals on any of it. My simple question is: show a source and i'll be surprised. Can you give the or text on syta and it's on the threshold list? Thanks for all you do syta, let me pull up or text really quick, syta, syta, short interest: 17 utilization, 100 costs tomorrow, 307. That's wild and it's a low flow and it's on the threshold list i mean the charts are very bearish like just on the daily chart.
It's been pretty beat up um, but the numbers according to ortex are interesting. Uh thanks, wonder what we can do. My assumption would be, i don't know the way i look at it like this is. Do i care uh, and this is referring to john about the ownership type of a thing.
Do i care about adam aaron's selling? Well, the answer is yes, and no do i care about an individual person making a financial decision for themselves? Absolutely not if you want to buy if you want to sell, do whatever you want, whatever you think is best, that's what we're all doing we're all just trying to make the best decision for ourselves. So whatever your decision is, i hope you do very, very well. Um and i i have that exact same thought for adam aaron now like why i said i had mixed feelings - is because of his title. Whenever you see ceo selling shares, that is not good, so if he was just a person on the streets like it obviously wouldn't be news, but because of his position, you know that there are going to be articles and titles that are all just saying that sells This many it's going to get the dollar amount like that, does put pressure on it, just because it's not a good tone article. Obviously, that has like pretty bad optics to it. So i guess going through that gauntlet of all this withstanding amc diluting their own stock and the headlines that we had to endure. Like i said personally, do i care about his financial decisions, not whatsoever? I care about how like media is going to end up spinning things um if there is a large demand of the ownership base, as in you as in me, i don't see why we can't have another share recount. Why can we not have that information? I i just don't get it like.
Why is it a secret thing? We know they can do it, they did it in june. I do not see the problem with literally every company, at every earnings announcement doing a share recount to offer their investor base a composition. Basically, the composition of who the owners are their average share size. What is wrong with that um? I still have not gotten a straight answer on why we can't get that type of information for literally every single equity, because, if you're willing to put money on the line to support the company, as in you're, an equity owner, you invested in the business.
Why can't an equity owner get that type of information of the business that they just put the money in yeah to me highly highly confusing, we need to say kinky, kong, oh man, i love you. I think you hurt all of us. Please skip the jerks or taking away from the market cap. Please stop miles away.
Definitely can do all right, amc and jimi slightly down trending right now and whatever is going on. I don't know if this is an internet issue or stream labs issue. What else do we have? I i'm just trying my best to figure out. What's uh happening, adam aaron doesn't want that because of some reason i mean i don't know.
If that's true, i i don't know why he wouldn't want it. The only thing i could possibly come up with is that it's a costly process and for a company, that's working it's at its like most diligent pace, to become a profitable company. Once again, maybe they look at it as an expense. That is it's just not worth it that that's the only thing i could come up with, but i don't know the cost associated with it um, but that's just i guess me more so. Uh thinking aloud thinking aloud thinking aloud, sent you the video dm on twitter. Thank you. Thank you. Thank you.
Thank you. 2120. All right. We have this all right, yeah.
I want to share this because it's actually not like new information uh. This is still the 80 number, or are they trading in and out, because what can account for such high volume on a daily basis when we realized in april of 2021 that retail investors essentially had bought so like right, there june numbers amc is now 80 owned By retail - and he was actually saying that, if you take out, which is apparently 10 ownership, what's that about 50 million shares 50 million shares, so he's using this number and saying if you take out the indices, it's up another 10 because of things such as the Russell that have to buy amc because of the grouping that it's in one share at a time right more than 80 of our stocks held by retail investors. If you take out the index funds who have to buy our stock because they buy everything on the exchange, i think retail investors are like 90 of yeah. So that's like not really new information he's still citing those june numbers uh.
It wasn't like a new, deep dive or anything like that. He was just saying: hey if you take this out, so it's the numbers that we've already known, um spy, looking strong amc, bouncing back keys, bouncing back bbig successfully holding above five. How is d-wack looking right now, not the best? Why would wales buy very in the money calls? I saw an alert for several 250 calls on unh 617, but the current price is 472. um leslie.
When people do things like that, it's basically just equivalent to investing in stock at a leveraged position. So when it comes to options you have intrinsic and extrinsic value, intrinsic is the difference between the current price, the at the money price and your strike. So in this example, the 250 472, it's roughly 250 of intrinsic value and then your extrinsic value is things such as theta, such as your volatility. So, basically, when they're going so far in the money like that you're really just saying hey, i basically want a leveraged investment, not necessarily messing around with the extrinsic part of that um.
It's that's basically what it is like there are some to that explanation that i gave, but from like the highest level view you could just say that they're, basically taking a leveraged investment and not necessarily looking to play theta decay or volatility, or anything like that, or Also, a completely other way you could do something like that is maybe they're doing like a credit spread uh. So first you could buy a call like you could be pairing it up with something else in the world of options and making some sort of spread. So they might have a whole another options, position that goes with that one or it could be a hedge against a different one like in that, if they're buying at the money it could be the perfectly calculated hedge to whatever size short or a put. I guess there's various ways to look at it uh. What else do we have? What else do we have? I had that issue all right. I think we are kind of back in action. I don't see everyone saying fff anymore, oh wait. I do have something for that.
Hang on the next time. Hang out. Where is this? Oh there we go press f to pay respects all right, so for the next time it horrifically lags. We do have a way to.
We do have a way to communicate throughout it all right. Where are we at so the spy is pushing. This is a very nice way to look at uh hit hit hit, but higher lows. This is a bullish setup right here.
Let's see if it has enough momentum enough to really get above it um amc popped up, came down kind of like halfway through the region, not doing too much, let's see if it actually can make a higher low and then once again get above this like 1915 Level ooh the spy got smacked, whoa whoa whoa whoa whoa whoa whoa uh. Can you take a look at the spy's actual technicals? I mean i have the mate. The line in the sand is 20.. That's why i'm saying we need to get back above 20..
Look at the it's previously acted as support, and then back in january of 2021. That was the resistance level of where it kind of ran up to 20 is the line in the sand. We need to get back above 20.. The longer we stay below 20.
The less ideal, this situation - it is uh in both of them. You could say, amc jimmy. It's always the higher the better. What's better than 20 is 21.
What's better than 21 is 22.? You could say that with jimmy, what's better than 100 110., what's better than 120 120., of course, the higher the better uh, the current investors are probably just as we go higher. Statistically, you have more people only in profit and you also as you're going higher and higher you're, putting more and more pressure on the shorts, the higher the better, no matter what it is, you name a value what's better than that, the next dollar or higher. That's just uh kind of really how the market is working with gamestop and amc. Currently we're seeing a little bit of a divergence game stop getting hit as we're talking uh, let's it's at 108 uh.
Where was it at yesterday, we found support at 104. We also found support around 107ish. So let's hope that i can bounce off of that uh bbig still looking good are the queues is iwm. What's going on in the overall market today, can you explain what happened with rvi? I'd have to see it retail value.
Oops. Sorry, i clicked on the wrong one retail value: it's dividend date: it got crushed and this happened before something with its dividend. On the two times it gave a dividend. The most recent two it got absolutely annihilated, uh seems super suspect seems super super suspect. I'd have to dive a little bit more into it. Just to see like the exact specifics of like why it sounds like they just don't have the money. It sounds like they're, probably operating at some sort of loss and then on top of that paid a dividend. Did you get your amc nft? You know like unless i'm looking in the wrong email, i don't think i got mine um, so i signed up for investor connect.
Honestly years ago i had um uh, like the a-list, like i've, been in like amc's membership for quite a while, and so i went in double checked and i guess i just need to con like see what email they were supposed to send it to, because, like.
I can hear you
Yes
By "bounce" did you mean bounce down? Cause that's what I'm seeing. I guess it's still a bounce…off a cliff…
Green money π΄ letβs go
You as Kramer = handsome
You as Elaine = highly unattractive
Now Should Be The Best Time To Buy And Trade On Bitcoin Because Currently The Profits Are Good And Going Up To A Standard Rate
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.
I hear you you just look green
I remember a time when Matt advised against paid training programs. I will never understand if someone is getting huge gains in the market why are they pushing paid subs?
I can hear you. But green screen.
I can hear him but can't see him, John Cena!!!!
We are operating inside an entirely corrupt system.
π green days Matt
The only green we get from anything today….
Amc friday!!!
It's everywhere, bad service today
Green grinch looking screen
Just you and me, Matt
Green screen shot
Green screen