Hello, hello, hello: let's talk about what in the world is going on the markets volatility returning, especially after the facebook earnings. Yesterday we're going to be going over all that and boy. Oh boy, do i have a special announcement for all of you? Everyone? I hope you don't have any socks on, because i'm about to knock them off just got off the phone specialty interview for all of you today. 1Pm et do not miss it.

It doesn't matter if you're on rumble, twitch or youtube, it will be streamed, live to all of them at 1pm. You know who we're going to be interviewing. You know who's gracious enough to give us a little bit of their time to talk about what the hell is happening with facebook, what the hell's happening with youtube. What is going on with freedom of speech, the ceo of rumble will be coming on for a live interview at 1 p.m.

We're gon na ask him everything rumble. Are you a right-leaning platform? What's going on, did ken griffin or is he heavily invested? Are you helping out kennyboy? What do you think about facebook? What do you think about youtube? What do you think about this spotify censorship? We will be asking the guy who is leading the company with the most insane user growth that is putting up a fight against all of big tech that is going down today at 1pm. I'm very very excited. If there's any burning questions you have you're like hey.

I've been i'm giving this a fair chance, like i really have this question: do not hesitate to dm me in the meantime um some of those top questions. If i'm seeing a lot of repeats more than happy to ask all of you ask the question to him for all of you once again going down at 1pm e.t, be there or be square now before that we obviously have a lot of other crazy stuff going On so today, we will be going over what's happening in the larger market, we'll be going over the facebook earnings. We have some other earnings. We have some hot drama related to some other companies, and i do have a particular update for you for gamestop and amc and then from there we'll go over the short interest numbers.

The charts we're going to do everything to get you ready before that bell goes ding ding, ding, ding ding. I just wanted to give you that announcement, because i literally just got off the phone very very excited, got it all set up and what a day to do it when facebook is currently down 24 getting crushed yesterday, all right. So with all that being said, and now that we're ready welcome to the show okay, so right now the spy down one point: four: six percent: the queue is down two point: eight two percent and the russell is down 1.2 percent. As you can tell it's, it's not the best.

The dow features, the s p 500 and the nasdaq features red red red oils down a little bit. Yields are up a little bit and a lot of this is directly related to facebook, but before we get into that, i also want you to know european central bank, the ecb, if you ever see that acronym that's what they're talking about ecb the way the us Has our federal reserve, our central bank, so do they keeps interest rates unchanged, despite record inflation? So if you look in the uk alone, they have a three decade: high level of inflation. In the us, we have a four decade high. This was expected just so you know there was.

These expectations were to remain unchanged for this one. So, like that's not really surprising anyone i just wanted to let you know what was going on across the pond uh kind of taking a similar uh attack on like the current high high levels of inflation, so get a quick update. There also don't forget, tomorrow, friday february, 4th we're going to get the unemployment numbers and also the jobless claims numbers. The first friday of every month is important, important.

You get those numbers and then every friday you get jobless claims the unemployment comes out. The first friday of every single month this one it's going to be interesting. It's interesting for a couple reasons, because, okay, we need to know those numbers. What's going on with inflation, how many people are like? We have we're right now, literally living through what media is referring to as a great resignation.

There are new concerns about the unicorn and that going around and people aren't working because of that. But now it's getting coupled within we were highly volatile. Then the market come down and now because of facebook and potentially amazon who's reporting. Tonight, volatility might return so we're in this situation.

Where expect volatility for sure so just wanted to quickly share that with you. Five things to know before the stock market opens today, thursday february 3rd nasdaq futures sync ah, has facebook plunges over 20 after week, earnings and boy? Oh boy, are the lizard people not happy today, i don't know. What's going on recently the past? What decade lizard people were crushing it? They were absolutely crushing it and it's a rarity for facebook to miss earnings, but they missed and they missed. Big facebook shares plunged more than 20 on week.

Earnings big forecasts miss check this out right here we will look up. Look at what happened oof they closed the day at 323, which was a nice gain of 1.25 and everyone and their grandmother was saying, bye, bye, bye, look at microsoft, beat apple, beat tesla b, no way facebook doesn't beat well. Look at that even some of the smartest people in the room sometimes don't know what they're talking about, and now it's trading at 247 down 23, that is, a loss of roughly 190 billion dollars for the company in its market cap and your boy, mr mark zuckerberg. There he alone lost 20 to 25 billion dollars his net worth in one day, if you thought you had a bad trading day, i i think he took the cake on you on that one.

So, let's get into some of the details, why was it so bad and remember we're gon na get into much more detail of this when we have the opportunity to speak with chris at 1pm et today, facebook earnings came in below expectations for the fourth quarter and The company said numerous challenges are ahead in the first quarter: inflation supply chain disruptions at advertisers and users shifting to products that monetize at lower rates are among the key issues the company faces revenue for the fourth quarter will be below hey. We actually have the exact numbers right here: earnings per share 367 versus 384, so they missed on that revenue, actually slightly 33.67 billion and the expectation was 33.4. The issue here is that the daily active users was below what they thought, but the daily monthly uh also going to be below right here. So d-a-u-m-a-u um they're having some issues.

So that's like the most topical numbers, but when you get into it, there's more issues going on facebook said it's being hit by a combination of factors, including privacy, changes to apple's, ios and macro economic challenges. You know that's a very interesting way to say it uh. Basically, there are these privacy issues and apple is in a knock down. Fight, drag out fight, it's brutal! It's like some back alley stuff going on with facebook and right now that's having a big impact on facebook's, their bottom line from like really revenue and then on top of it they're blaming supply chain issues for other companies.

These other companies, because they have supply chain issues, they don't have the money to do the same amount of advertising with facebook. So it's not a good situation and don't forget recently, they've had more of societal issues of when people are like what the hell you're making an instagram for kids. Wait! There's this whistleblower right here, um who's, saying like you're, doing a whole host of negative things in front of the senate panel. So there's various things going on with facebook.

So i think saying that they're running into headwinds is like the most wild mild way. You can possibly put it. I blame the lower than expected growth in part on inflation and supply chain issues that are impacting advertisers budgets, there's also a shift to products that don't generate as much revenue as its core news feed. For example, people are spending more time on its reels videos once again, a really weird way to put it and to understand what i'm talking about.

You almost had to like listen to everything that was being said so they're like well, hang on uh they're spending more time on reels, and we don't advertise that as much and that's a truthful statement, but also a more fulfilled picture when you're talking about that is. Like hey we're getting our asses handed to us by tick tock, we bet money on reels and yes, some people like these reels, but tick tock is dominating the game. So the thing that's giving them less money, they're, not even really executing on it. Well, relative to their competitors and another vibe from the earnings call, it was kind of like that.

I guess like what the shamwow commercial but wait, there's more. They kept saying that, but the but wait there's more. It was always just like another negative thing: mark zuckerberg's, metaverse business lost more than 10 billion last year, and the losses keep growing meta revealed financials for its metaverse business for the first time reality labs, which they kind of just spun off into its own division, reported Massive growing losses more than 10 billion in 2021 alone, the losses show facebook is spending massive amounts of money to find its next stage of growth, so in 2019, net loss of 4.5 billion 2020 net loss of 6.62 and in 2021 a net loss of 10.2 billion. The losses will likely only get bigger this year, menace cfo said on the company's earning call.

Yesterday wednesday, he expects operating losses to increase meaningfully in 2022. Now i want to be as balanced as i possibly can in the short term. Yes, this is all very serious and it's all very serious in a bearish manner, but another thing that was continually stressed on the call and all these positions of the people and positions of leadership they kept talking about how they have attend, particularly a 15-year roadmap. They're.

Not really, i guess it doesn't sound like they're too worried in like the very short term like it sounds like they're doing what they can investing the money to build that foundation. So a decade and a half later they can like be in the proper position to really capitalize on it. Just trying to be as balanced as i possibly can reality. Lamps financials also shows mena's advantage in building the metaverse.

It effectively has unlimited amounts of money to spend on these projects, unlike smaller metaverse rivals such as roblox or epic games. Epic games, another one that was in a crazy fight with apple really in 2021 executives have already said it could take up to 15 years to fully realize their vision. So i just wanted to share all that with you of what's going on of why facebook is diving so much and why it's dragging the cues with it, which is dragging the spy with it, uh just an interesting scenario, and it will potentially lead to some other Things that i think will be important for like the overall market, but i do want to kind of bring up one final thing for you with this: we're in this day and age, where it's like. Okay, like mainstream media, is saying this.

All these expert financial people are saying like we got to do one thing and it's almost like, as if you're retail, you're too dumb to possibly understand what's going on. I just want everyone to understand that meta platforms aka facebook going into earnings. These are all of the different firms. All of the different analysts that were saying, outperform, overweight, buy, buy, buy, buy, buy, buy, buy, buy.

In fact, literally the top 53 here were all saying it's going higher and look at these price targets. 395. 400. 365.

425. They were all pushing and right now, it's trading at what 250 the lowest one i'm seeing is 330 with many at the high 300s low 400s. This just shows you that hey even people in the industry who are alleged, analysts and alleged experts - they are going into this and yes, they commonly get things wrong. I'm just trying to - i guess, bring this to everyone's attention, because it's kind of one of these things of like well.

Can we go against media? Can we go against all this, like financial media telling us that you have to do this? You have to do that. No folks, they get a lot of things wrong as well. Now i do want to, i guess, add a little asterisks to this, like i alluded to a little bit before, there's been only a handful of times that facebook's ever missed on earnings, and if i have to bet, i don't really agree with the company from a Moral standpoint, but if we're just talking about statistics and the opportunity to make a good trade and invest it, it does seem like when they miss and there are large sell-offs given enough times. Those do represent buying opportunities.

But i'm in no way saying this. Is it because we don't know there there's a lot of people looking at their accounts right now, and we can look at the statistics of one part of giving you enough time. But i'm saying for market open for how the first day, like the day after reaction they're, that's a crowd. Psychology play, i don't know if there's gon na be enough people saying nope.

This is a crazy dip or i don't know if there's gon na be a panic and be like that's a lot of red because, remember fear, is a greater emotional driver than greed. Do not forget that, and with all that craziness we are just only one in oops hang on. Let me get that back. Uh we're only one in so okay.

Facebook blames cautious guidance on an unexpected ad spending slow down. I don't know if it was really unexpected when everyone knows about inflation and the supply chain issues. Dow stocks, honeywell and merck led thursday's earnings parade. Well, don't forget, there's many earnings going on so this was yesterday meta, qualicom and spotify just very very quickly.

Qualcomm beats expectations for revenue and earnings. Sales up 30 did very well on the flip side, spotify stock plunges on middling user gross projections. Okay, so that's your quick update there on the ones that already reported, but we are on thursday. Yes, honeywell reported shell reported check.

Those out but after the market closes today, many many people will be paying attention, obviously to amazon and ford, but there are other important ones: snapchat, pinterest, activision unity, active vision, blizzard and unity i'll be paying attention to activision. I want to see if they say anything about microsoft and with the two of them. I want to know more about. What's going on in the esports world, snapchat always have some pretty volatile reactions, so there might be some opportunity there, but amazon and ford ford massive massive automaker important to see what's been going on, for it's been performing very well.

Lately, it's pivot into the world of evie has gone well you're, seeing that in the stock price, the ford f-150, the request to get that the reservations are so much. Sometimes they have to shut down the website. So let's see what's going on there and if it does very well, there might be some sympathy plays for the rest of the automaker industry, particularly in the world of ev, but i think a lot of eyes are going to be on amazon. We already know alphabet aka, google beat microsoft, beat applebee, tesla beat a lot of people thought facebook was going to be, but it didn't so.

I think, there's going to be particular emphasis for the overall market on amazon's report tonight. Speaking of amazon's report. This comes out after the market closes over the past year, jeff bezos's, ex-wife, mackenzie scott, has sold 8.5 billion dollars worth of amazon stock. Now i don't want this to be as if she sold it today, like that's not what happened.

It's not like. She sold it. Yesterday sold it today, going into earnings, she's been kind of doing it piecewise roughly over the past year, but i just wanted to share it with you, because i'm in no way arguing that she like knows something's up because, like i said, it's been like a slow Selling position over the past year, but also when media sees things like this. There are a lot of other people reading headlines such as this, and we know when you see this stuff, like let's say, for example, with amc um it.

It can cause some people to feel like a little bit iffy with their own position because you're like well. Why are these insiders selling, if everything's so hunky-dory? Why would you possibly want to get out, so i just wanted to share that with you. That's about roughly a little bit under 20 of her overall net worth so remember. Today: pay attention to amazon forward, snapchat, pinterest, activision, blizzard unity, all pretty important, plays all right.

Initial jobless claims are expected to fall ahead of friday's jobs report. We get a jobs report. Also an unemployment report tomorrow and then finally, biden's pick for fed vice chair of supervision to go before senate panel uh. Her name is sarah bloom, raskin um.

She, if you want to look into her the like what i found is she's a pretty progressive democrat. So if you feel the need to like check her out and see what's going on, there just wanted to share that with all of you but wait, there's more see, i can do it well drama drama drama in other stocks, i'm not caught like covering this drama. Just to simply cover drama, i'm covering drama because it might lead to an interesting opportunity for a play. I'm particularly talking about pen national gaming, ticker symbol p-e-n-n, so this just dropped.

Yesterday, three more women say: barstool sports, founder dave, portnoy filmed them without asking during sex. So this is now the next chapter in a saga of the crazy fight between bar stools, dave, portnoy and business insider, namely julia black who's, uh, an editor writer over there. I don't think she's an ender. I think she's uh, like a journalist reporter um, so anyway, this came out yesterday and a couple months ago we had another one of a same disparaging level, but it didn't just go there um.

If you know anything about this guy, he doesn't really like just let this stuff go so last night i am officially suing julia black and business insider so right away that drop. This is the second one in this crazy story, and then he comes out. He's like this is all bs. I'm suing him like.

This is illegal, blah, blah blah, and you can watch this five minute video right here, but the thing i wanted to point out is really like. I guess twofold. First of all, with this type of development we live in a day and age, where yeah this is going to clearly cause an impact on the stock um there. There could clearly be volatility in pen, national gaming, currently trading just below 45.

The more insidious thing that i want to point out to all of you is the last time. Do you know how i remember the last time that this, like the previous article, dropped it was about three months ago. You know what else happened three months ago that just happened this morning: the pen national gaming earnings report, so they just reported this morning: penn national gaming reports; fourth quarter: revenues of 1.6 billion net income of 44.8 million, adjusted ebitda ar or ebitda r for 480 yadda Yadda yadda they reported this morning right here. This came out february.

3Rd 7. Am this dropped all yesterday last night right before the earnings? Last time it happened same exact thing: they reported earnings, the market started trading, and so they reported before the market open and then the articles all dropped at 11 a.m. You know that i don't know, maybe i'm just like a little bit too tinfoil hatty this morning. That seems super sus to me the last time this happened.

It they reported earnings. The article was dropped at 11am. We also saw a flurry of bearish bets in the options market, a flurry of them. Can you say anything about that? Absolutely not because it's all under the guise of hey.

No, it's the earnings, like people are playing the earnings. It was negative earnings and you can't like fault them if they're playing puts that's a directional bet, but now the second time, once again the article dropping right on pen's earnings, like i said, maybe it's coincidental, maybe it possibly is but the chance of both of those Being aligned like him, it seems really really weird to me and i, like i said, i understand that this might be tinfoil hattie, but also don't forget the guy who owns and operates uh business insider has also gotten in trouble with the sec in the past. So for someone to understand how this could impact a stock, well, yeah, someone that has in intimate knowledge of these types of reports and how it impacts the stock yeah. It would be like a journalist who has previously gotten in trouble with the sec so uh.

It all seems interesting to me and the reason i'm really bringing it up is because i think it could produce volatility. So maybe it's worthwhile just to see is pen trending up. Is it trending down, but i think there might be an inordinate amount of volatility in the stock, all right so once again, red mainly because of facebook before we get into our gamestop and now our amc update. I just wanted to share these numbers with you.

We are now, is it officially a record we're either officially at a new estimated high for right here? No, we are getting hang on. Let me get this, i no! We are here below oh well, technically we're now a hair, above previously for amc. The highest we've seen in the past year and a half actually most likely ever for amc. The estimated short interest was 21.15 right.

Now we are clocking in at 21.17. So if we close out this day - and this is like the official number that we're gon na see - we might officially have that locked in number of a new all-time high short interest against amc in terms of gme. We know this has been way higher. At one point, gme was in excess of a hundred percent, but it's still in the short term.

This has been trending up up up, um we're bouncing off of like 10, and now we've almost doubled up to pushing 20 um we've been seeing this trend lately of both amc and jimi their short interest going higher higher higher uh. So right now, gme clocking in just below 20., and i actually do have updates for both of both of these companies. So this was just announced, gamestops announced it has entered into a partnership with immutable x. The partnership establishes up to 100 million fun in immutable, x's imx tokens, which the parties intend to use for grants to creators of nft's content and technology.

Immutablex will also become a layer 2 partner and platform for gamestop and the company's nft platform that is expected to launch later this year, ie 2022. In addition, the terms provided for immutablex providing up to approximately 150 million in imx tokens to gamestop upon the achievement of certain milestones. Now this is uh clearly a positive development. I really am a huge fan of what gamestop is attempting to pull off in the world of nft, particularly owning and operating in nft marketplace, huge fan of it.

I wanted to see it executed properly, but when i read this, maybe like many of you, you might be like hang on, we'll also become the layer, a layer to partner. What does that mean for loopering we've been talking about lrc for a while. Does that mean that, like looping is gon na be like left out in there like the cold freezing rain winter? No, okay, we got ta dive into the sec filing. This is the one that came out.

Gamestop will use immutable x as their first layer, two nft integration for training and minting other than loop ring, so they are not ditching loop ring. Once again, you can find this in the sec filing uh. If you are worried or anything like that, i implore you to dive into the ak, but no, they are not like ditching. What a lot of people this once again, it wasn't like ever officially announced that they're partnered with lupring a lot of people assumed it, but now that they're saying it okay other than looping in a weird way.

I guess you can almost say that this filing confirms that they are officially partnered up with loot, bring there's never been like some big announcement. It was a lot of people looking at github repositories, looking at linkedin and like kind of connecting certain dots. But now the fact that they're actually like calling out looping other than looping in a weird way kind of a confirmation that yeah no, they are obviously partnered with them uh. One final thing on gamestop opportunity and gamestop stop lingers despite poor fundamentals.

Gamestop is one of the original meme socks. It is the original meme sock. In fact, we wouldn't even have beam socks if we didn't have gamestop now, there's a big question, because this has been roughly a year since all the insanity of everything over 2021, and i think it's a fair question. Is this a sign that gamestop shares are about to take off again? Does this mean meme sucks deserve a spot in your long-term growth portfolio? Do all meme socks, absolutely not many of the meme stocks.

They'll get that the enthusiasm, the pump and then they're going to come down even harder than they shot up. Many many will do that, but not all of them will do that um or i personally believe not all of them will do. That. Who knows time will tell remember not a financial advisor, not a fortune, teller, none of that stuff.

These are just my own thoughts and opinions with the insanity with gamestop. They were able to raise money at the market offerings and then they use that money to attempt to improve the trajectory of where the company was going. Just so you know, gamestop was shorted because from a fundamental perspective it was a failing business and then various things. All aligned and then there was a cultural wildfire, yada yada yada, that's a crazy story like unto itself, but anyway, with this money, they were able to change the trajectory and it looks like instead of just selling these games, now they're really pivoting this business into the World of crypto, particularly nfts, and really particularly owning and operating in nft marketplace.

So for me, that's absurdly exciting. They took the opportunity, a black swan event and then they were able to use that to put their chips on the table and try to improve things and okay, obviously, we saw the weight and it is becoming a little bit of a longer term play. But i don't know, i'm just really excited to see how this plays out. I i'm impressed by the decisions the shrew decisions of the team.

The leadership team at gamestop early in january is reported that gamestop was launching a new division focused on nfts and cryptocurrency partnerships. The stock's fundamental grade is a grim d, reflecting the reality of the company's situation. One of the few things keeping it from being nf was the fact that the company still has around 1.41 billion in cash and equivalents, so this is one i want to talk about, and this has been kind of rhetoric that i've been sharing with. All of you is, i think, historically, that was the way to do it.

It's like okay, what's the value of the company was just another way to say what's the fundamental value of the company, i think that the equation is getting a little bit more complex. I think it's the value equals fundamental value, plus community support. Um. Do i think gamestop was the really the first one to capitalize on this, not really, i would actually say historically, there's been some like.

So, for example, the main one before gamestop, i would say, is tesla tesla was always trading at a big multiple of its like price to earnings um because it had massive community support and this community was future looking they weren't necessarily looking at. Where is tesla right now, they're like where could tesla go? It was more like that wayne gretzky thing of don't look at like where the puck is right. Now look at where the puck's going. So i i think we're in this uh a new age of investing where newer investors they're focusing a little bit on like what is its potential opposed to like what are the hardcore numbers right now and for me: okay, if you're giving gamestop a fundamental grade of D: okay, but what about the rest of the equation of where this could pull off? I mean we know the nft industry.

The revenue in 2021 was 44 billion dollars, gamestop, which already has a very enthusiastic fan base. What if they exclusively use their marketplace for all their games and what, if gaming explodes in it? And now you have like these in-game nfts and like the governance models, the opportunity is just absurd. So i think, okay, if you want to call it current fundamentals, a d i get that, but what about potential, which i would rate something a little bit closer to an a it - has been extreme in its volatility, but against all expectations. Gme stock is still up more than two thousand seven hundred percent over the past two years.

Who knows maybe game stops? Four is into blockchain and nfts will result in another period of extreme growth for this meme stock. Once again, i still think that name's a little bit silly when all is said and done. I wouldn't personally look at gamestop as a solid bet for, but for investors who are more comfortable in speculative, plays the potential. Is there for gme stock to defy professionals and deliver big returns, and that's exactly what it's been doing over the past few years is defying the professionals.

Retail is defying the professionals with this community support betting on what a company could become. Now it's really hard to talk about meme stocks and everything that's going on in the ape community without also talking about amc, remember, amc and jimmy are in a league of their own. Do not buy what mainstream media is telling you of, like all meme sucks like sometimes they try to put robin hood as another meme sock, amc and jimmy are symbolic of a retail movement and there's other ones that, i would say those are meme stocks and hey. Maybe you'll make some money on them.

Maybe you won't. You should be very, very careful with them, but understand that people truly in this community. They don't put amc and jimmy really with anything else. I want to make that explicitly clear.

These two are in a league of their own. Recently, we've been talking about refinancing, and actually we have some new numbers for you. Amc secures 950 million bond deal in a bid to pay down debt. Amc received investor commitments for a new 950 million bond deal that will use to pay down maturing debt and related fees.

The movie theater chain initially planned to sell 500 million, so they almost doubled up on that refinancing. To push debt maturities out can help amc, save cash and pay down interest on other notes that are due sooner. I like this. I really like this um, like i said when you're doing this refinancing they're getting better deals, lower interest, paids payments and they're also kicking the can down the road, so it matures at a later date, so they have more time to pay it off.

Now i'm seeing a little bit of confusion, and i just want to clear it up. This is not a dilution. If you're thinking about a dilution, you're going to be hearing things such as like an at the market offering, i know the bell - just went ding ding, ding ding, but there's two more important things we should be going over um. I just want to clarify to you: this is not a dilution, it's not a dilution, they're raising money and if they pay this off everything's hunky-dory and i believe it's getting kicked down until 2029.

So we're talking about seven years down the road. This is not an at the market offering, so, if someone's telling you about delusion, just understand that they don't know what they're talking about more than 320 million stolen in latest apparent crypto hack um. So i just wanted to bring this up, because it's a very interesting story. It's like one of the largest - i think it's the second largest ever and i'll, be covering that on the crypto stream and also washington, football team, officially renamed washington commanders, ending a search that took more than one year, so they are no more the washington football team.

They are now the washington commanders all right. Let's get back over to here. Let me drop, the bell did go diggity ding, ding, ding uh. Just so, you know - and we put this all on locals - that um my tone going into this is a little bit bearish, but i'm waiting for market open those first 10, 15, 20 minutes for confirmation early this morning through the futures market.

I did take a a one contract short position on the russell 2000 and i was going to do it on the nasdaq, but the russell was just cheaper, so a little bit nervous about facebook dragging kind of everything down with it um. Let me facebook i'll be paying attention to that. We don't really need to watch the cues this morning, i'll throw up amc for you remember. There is support at 14.50, currently trading at 15, and then we could also have gme up here.

Uh, just for market open, hey if there's movement volatility, i have no issue keeping them up, but if there isn't, let's actually bring up the things that truly are moving all right. So that's it as we are letting the market kind of open and breathe and see what. Ideally, the trends are going to be on the day. Um.

Actually, all right, maybe i'll talk a little bit about tesla in a bit yeah. Let's wait. Those first. 10.

15. 20 minutes see how things are really positioning themselves and in while we're waiting for that more than happy to take any of your questions. Hey man tesla broke 900, which your target, so we were talking about this yesterday um my target is this gap fill at 8.57, 850 750, the high from january 28th. I'm looking at this gap phil right here.

That would be my downside target on tesler. As a former commander, i am offended uh, it looks like we don't have some football fans not too happy with washington. Well, i guess now that we're just very quickly talking about football. What's everyone's thoughts, who's going to win the super bowl? Is it going to be the rams or is it going to be the bengals super bowl 56? Not this weekend, i think it's next weekend right.

I believe it is next weekend uh kind of split joe burrow franchise man, yeah yeah. I have to admit i didn't know much about him, but now that i'm seeing like little clips on his tick tock and that type of stuff um pretty humorous, i have to admit they do crack me up what i didn't know: uh, i'm as maybe you're, not Surprised whatsoever, i'm not much of a tick-tocker um, but what i'm really really surprised about is, i didn't know there was so much like vitriol and hatred on tick-tock to uh mahomes fiance brother, like in the world of tick-tock, there's just like it's like a tick-tock thing To just not like them, and then they were like making all these videos of them doing their thing, and then they would like splice and joe burrow, basically beating the chiefs um, which i don't know it made me laugh. But i just didn't even know. That was like a thing did not no unaware all right, gamestop, unfortunately, not holding 199.61 would love to see the bounce facebook still getting hit down.

25.5 percent uh. I got timed out for amc's, going down to 10 to 12 by the dip double up and average lfg amc. I'm saying praise about amc. Your mods are crazy, tommy, good chance.

It was just a mistake uh when they do it all. The buttons are super close. Like sometimes there's just like miss clicks, it's as if the game story, junk thing is more like a fan club huh, i wouldn't argue it is like a fan. Club, fidelity active trader pro is terrible.

It hangs crashes. Uh company forces me to have an account there. Oh um, i've never used active trader pro um. The platform i'm on is like the td, ameritrades think or swim have.

Other people had a similar experience like that with active trader pro the storms, the storms, all right amc, looking a little bit lively, how's the market. Looking uh bouncing off of 450 that key level once again, almost perfectly to the cent uh 450, like literally to this cent, it perfectly bounced off of that some buyers. Stepping in right now hang on what do we have here? Matt thoughts on paypal calls yesterday was the biggest drop in the history for paypal in a single day. Is that a buy signal? Um i mean you have to understand why it dropped it dropped because it had bad earnings and then also analysts lowered their estimate on it.

Um do, i think, there's gon na be some sort of reversion play back to the upside. Yes, i do, but it's gon na be a little bit more nuanced than that, because it might take a bit of time. Like i don't know your strike price, i don't know your expiration date. Do i think, there's gon na be money to be made up.

Do i think it was a slight overreaction yeah, so i think there's an opportunity there, but uh. The specifics of that opportunity are important because that's the difference between potentially making money and losing money matt. I bought a last minute put on facebook at 2. 45 strike for 300 so that 8 20 at market open could have been made more.

But oh all, boogie, crushing it crushing it crushing it crushing it. Congratulations, hey did anyone else, get a um facebook put. Did anyone like kind of go against sentiment yesterday and be like nah everyone got it wrong, facebook's going down uh all boogie crushed it all boogie, definitely crushed it tesla trying to make its way back up to 900 as the spies getting its bounce. The qs are getting its bounce um.

My concern is we're. Only seven minutes in facebook is still getting slaughtered. I'm just wondering if this is going to hold wondering if it's gon na hold um. A big indication to me of like will equities hold today is if the spy is above 450..

If it comes back down to 450 and breaks below, i think we might be setting up for a bearish day uh, but this is also kind of how things played out yesterday. Things were weird and like we were bearish, but then all of a sudden there was just like a huge v-shaped recovery and like starting midway through the day and things just like continued to rip and rip and rip loaded up yesterday on uvxy at 1340. Shout out looks like you're, also a fan of east, have you been loading up on eth margin calls due to tanking of facebook um, not necessarily, i think, there's like a big over statement of not only how often these margin calls happen, but also the impact that Margin calls have on like the remainder of the market, yeah. Of course, you get into certain scenarios where there's a huge, surprising event that causes like a bunch of margin, calls and people all get called with their like pants down, but something like facebook, especially these larger players that have a bunch of money, they're going to be Hedged there's a very good chance, they're going to be hedged, did some of them probably invest with leverage, and they might be in a little bit of trouble, yeah, probably, but remember they commonly own, like massive baskets of stocks, it's not like they're, like oh we're.

All in on facebook, like, for example, we know kathy wood at arkan best. She is notoriously one of the biggest supporters of tesla, but still even when her overall portfolio, when it's more than 10 tesla, she ends up having to sell tesla, they do have uh. I guess, let's say more risk management than like social media would have you believe. Someone said pen officially on your watch list all right.

Let's see how pen is reacting. Well, it's up. Ten percent pen is, i guess, shaking off the most recent drama with portnoy. They obviously it sounds like people are happy uh that he is fighting back and suing uh, like i said, that's where we went over it this morning, because i was saying there might be a volatile reaction that you might be able to play the trend.

It's already up 11 um. It sounds like the market's like well, okay, those accusations seem uh to be inaccurate if he is willing to sue them. If he's going to be that aggressive about a lawsuit, i guess it's giving investors a little bit more comfort in the position exactly why we go over this stuff 100. Why we go over this stuff been home for two weeks with the family with.

Please don't make me go back to work fujubu. I love that name. Shout out you've been with us for 11 months, crushing it crushing it crushing it um all right, uh, it's time for today's sponsor today's stream is brought to you by who is today's stream brought to you by all the fancy wall street analysts that have the pedigrees On their wall behind them - and yet they seem to get some very serious, plays wrong. They seem to get facebook wrong.

They seem to get robin hood wrong. They got dd wrong, they got netflix wrong, so today's stream sponsor is brought to you by all the people who are elitist and they think they know more about the market than you, but are still somehow making horrific calls. Uh penn announced share repurchase program. Now, if you don't know what a share of repurchase program is, it's literally the company itself is buying some of its stock back off of the open market.

Typically, that's a pretty strong bullish signal because it's signaling to the public uh. We think we're wildly undervalued and hey. They have the information on their own company. So whenever you hear about repurchase programs, typically, not always, but typically it's met with a bullish trend.

Uh. What else do we have? Oh someone's asking about the memes related to the truckers? In canada, like there's a whole new series of memes and they are pretty funny, i'm a fan, the i'm always a fan of these memes put a big smile on my face whenever there's like just i don't know crazy world events and then the internet teams up And they're, like we're gon na make a big joke out of this it. It does make it more funny. Well, the russell is having a nice pop uh amc, trying to go green, very close to going green, currently down two cents: four cents uh, so amc battling with growing green pen stalling at 50 right now, how's the spy looking spy taking a little bit of a Dip it got all the way up once again.

This is the level i'm watching 450 if it cannot hold 450. There might be some additional concern right here is the low oops the level i would be watching the level i am watching 450. I'm not saying it's gon na hit there, i'm just saying that's the level i'm watching also to the top side. Looking for the breakout of almost 453.

uh, this is the overall market. The s p, 500 amc just went green on the day up. One percent now just got above 15.50. My next watch on amc would be around 16.25.

What do we have on the queues? The queues are actually looking good facebook's still struggling. Facebook is now down almost 26 percent. Oh brother market cap is 663 billion, which is just crazy, 320 billion, so it was worth almost a trillion and it lost quite a bit uh. So we're seeing small cap doing very very well today.

Actually small cap is outperforming the nasdaq and the s p. Small cap down 0.45 percent, while the queues are down 2.3 and the spy is down 1.3 um. So thus far about what 15 minutes into the day, we are seeing that small cap sector is the one uh being least hit by the craziness least hit all right. How is pen lucid, is green, lucid doing its thing to the upside lots of red, though uh crypto overall, some red, some green uh looks generically just kind of flat, generically kind of flat, i'm just an island boy.

We just trying to make it. I read an article of three hedge funds who lost double digits in january 2022 alone. Uh, i didn't catch that article. I did catch the article that melvin capital, who had a really rough year in 2021, lost 17 already in january of this year.

I didn't see the other ones, but also the a lot of funds are like just long only and they look for basically uh some alphabets, some beta bets uh. But it's going to be commonly tied to the s p, 500 and since the s p, 500 was down in january um. Not that surprising that a lot of apparently three plus hedge funds were also in the red wow. I searched amc live and i didn't see.

Matt's channel only when i typed his name, amc matt, it pops up weird hey this is this: is the problem they on youtube? What happens if i search it? Amc live uh, i'm down the list. If i scroll down, i'm there, that's interesting hey, it happens. Sometimes the algorithm supports you other times it just doesn't i like the difference on it's always funny on youtube. It's like a search and like sometimes it can be tough to find someone, but then, on the other hand, on like rumble like sometimes i'm just like on the home page of the entire website.

It's just so wildly different wildly wildly different. What else do we have going on? What else do we have happening all right, the russell coming a little bit down on the spy. Once again, i'm telling you i'm watching that 450 right here. Honestly, if i felt like being a little bit more active today on this first major red bar, i probably would have tried to play this down to like the lower 450s um.

I didn't i'm not saying i didn't anyway, but uh interesting opportunity, interesting opportunity to say the least how about saitama, i'm still in it, i'm just holding it, but that's one of the ones where i like, i'm just going to hold it for the year, no matter What like a minimum of a year i'll be in it all right things are coming down at the moment. The bounce opportunity will be right here. Let's see how the s p 500 reacts to it. Facebook kind of going flat right now at 240, um not really much of a trend.

The queue is coming down of it's at its support of 358.50. Let's see where that really ends up going um a little bit of a bounce right. There look at that. Simultaneously.

Amc, the russell the spy cues you see that all of them buyers flowing in you like look at the exact same thing, is happening across three different indices and also in individual equity um buyers. The algorithms got turned on they're like okay, we're gon na buy a little bit all right. What else do we have tesla struggling at 900? Try to get above couldn't hold if tesla goes below 892. I would then be watching 880.

I currently have no tesla position. Uh uh: what do we have? What else is green green, green, green, tough to find green lucid's, the only green one i'm really seeing today? How is pen to him uh pen perfectly rejected at previous support, now resistance at 51 coming off a little bit uh, not holding 50. still green, though it's up 6.4 percent. It seems like it is running into some headwinds for the remainder of the market.

What's gme doing gme not holding 100, but also not getting hit, really that bad jamie down 1.33? It thus far a little bit of a red day here if things do capitulate on the spy, i'm mainly watching this support uh between 440 and the 200-day moving average. This is incredibly important. The same way i was saying if we break above this, i'm going bullish same thing. If we break below the 200, i would be going bearish, so i'm watching this is a key level.

I'm not saying we have to get there. Of course, it could just bounce early and continue upside, but if we do come down between 443 and 444, that is wildly important to the market below it bearish above it bullish. It's kind of that simple. Yesterday, the queues got rocked at its 200-day moving average, but now it created um a gap to the upside.

We talked about gaps quite a bit yesterday. Does it mean it has to get filled day, one no, especially because it was more of a fundamental driver, but eventually given enough time? I feel absurdly confident that the qs will fill this gap at 3, 64, 30 and there's a very good chance i'll play it. When i see buyers stepping in hey it might happen today, it might happen next week. It might happen next year.

I don't know, but when i see buyers stepping in and i like what's going on, i would most likely play this gaffield at 364.29. It's an easy play with your support being at 355, good risk reward setup. Now, let's take a little bit of a look at the russell. My concern with the russell is it pushes it tried to break out and it got smacked not only at a key technical level, but also a key psychological level.

I would much prefer to be bullish if it's above 200, but if it starts coming down, especially if it breaks below 197.50 i'd be bearish on that, then right. This is level we called out at the spy. I still think it's going to be testing this 450 level hit 450 19. uh gme, not trending.

The right way. Amc trying to find a bit of support pen slowly coming down how's facebook, looking facebook making a little bit of a bounce bouncing off of 238 up to 242, all right so now that things are settling a little bit um. It seems like the spy founded support popped once again, a double bottom test. The question here is: okay.

Is that what it needs and we're going to rip? Are we going to get above 450 150, or is it going to be like that bouncing ball scenario where we make a higher low and then on the third test? We end up breaking through this support where um we have a excuse me not a well kind of a higher low. Technically we do have a higher low, but i'm saying the thing i'm looking for when i'm referring to this, like bouncing ball pattern, is we have a lower high like the arcs a little bit lower and then on the third test? We're really going to be watching this support um. That would be a little bit more bearish, but if we push maybe we consolidate 450 150 and then maybe we push up a whole. Another dollar that'd be a little bit more bullish.

So, let's see how this all plays out still haven't really made any crazy decisions with facebook, uh, definitely leaning slightly bearish for the nasdaq. Speaking of that, where did my q's go? Why is this not up here q, q q? Why did my q's disappear? Losing my cues all right so with all that going on uh before we get to some of your specific questions, let me just check the flow on the day. Amazon call call call call call one day. One day, one day, one day, people are betting: 900, 1.4, mil 2.4 mill, 3.4 mill, 3.4 million on amazon doing well in the earnings 3.4 million just got laid down on the line.

Bullish bet on amazon playing the earnings tonight. Facebook put tesla, put amazon, put spy, put, put spy, put, put amazon put put one day, so we had some bullish bets recently and a little bit before that bearish bits, but the bullish bets on amazon are of a greater magnitude, a greater size, facebook call facebook Hall spy puts, by put i'm seeing a lot of spy, puts spy puts by put shot put. People are betting against shopify, put put put what these spy puts eight days out one day out 25 days out 43 days out, it seems, like people are scattering spy. Bearish bets uh across various times, uh, let's see if there's anything going on this early, usually tiblio gives us that first big update around 10 30., so i think we're a little bit early.

Okay, so we'll come back to this. Let's see what the major news is. Uh any big news top wall street bets mentions uh gme, amazon amd tesla, snap apple, google, microsoft, meta, google, uh gamestop, announces immutable imx. We went over that uh cmbc's final trades, nvidia, lucid option alert.

Some interesting call sweeps coming across on lucid uh. Usa, initial jobless claims for january 28th. All right. We already went over that 238 versus 245 estimate all right.

No major news, uh pmi 51.2 versus 50.9, interesting, interesting ooh. All right there is that that surge i was talking about. I was calling out 450. once again.

I did not personally take this trade, but if you did it could bounce here. Maybe this is a place you want to scale off at maybe lock in some of it in the futures market. I do have a a russell put from early this morning. It from pre-market but remember, futures trading, it trades 23 hours out of the day from sunday night till friday night, so it has different market hours a little bit of a different beast there, but overall uh.

I play this just because the futures contracts are absurdly expensive and right now i can't afford a spy one or a q1 uh, because i made really stupid trades yesterday, uh amc kind of going flat, so what else is going on is gamestop a little bit of A bull channel right there looks like tesla is holding on by the skin of its teeth. If it goes below 892, i would then be watching, probably 880. So if you're there watching tesla tesler uh all right looks like see exactly where this bounce happened. Look at that the bounce perfectly happened at 450..

That's the bulls are trying to fight. What was it? The low was 450.01. I was telling you 450. I was off by ascent um.

This is equivalent to what happened yesterday. You call out the support you lock it in and if you want to quit, play a quick pop yeah you can. The question is you just don't know if the pop will be real like it was yesterday and it just kept going going going or is it gon na be short-lived and actually come back down um, i i don't know like and no one knows like you just Have to kind of watch it. This is exactly what i'm saying like literally in real time.

This is the exact same thing that happened yesterday. You can play it down. You found the support the important support right there. We called it out.

You could play the pop. This right here maybe it goes to 451. Maybe it goes to 452. Maybe it doesn't.

Maybe it comes back down for the third test touches 450 and then breaks through and it sells off you just don't know. I just tried rumble i'm. Oh my day, things got confederate fast and they're too rich for uncle b's blood met him more like pathetic. K-Log is a great buy, got a russell play uh, i'm in, but it's through the futures one just so you know i mean if anyone's curious about it.

It's an rty uh rty is the contract symbol for the russell 2000 on the futures market um. It's it's up slightly right.