Market Swing Incoming (AMC, GameStop, Loopring, S&P 500)
Dumb Money w/ Matt Ep. 157
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Holding on forty life, getting them tended so soon, don't be mistaken. The apes won't be shaking or breaking because we're going to the monday very soon gon na wake up on the moon brand new yacht and the mcdonald's in my living room, bright, yellow, lamborghini, 50 meter, swimming pool champagne every day, ain't fam. What you do wan na hang one or two: oh, you got a mansion two! Oh that's right, held on tight jack titties every night. We was in way back when they tried to chop it down to ten and she's.

Couldn't comprehend had enough of these feelings, but the eggs were rebelling cause we never be selling until we sent it to heaven now we'd be out of yelling, hey screw. You kenny. I want my wife, a minivan to share with the boyfriend, but i pull up in the benz played saying olive cranes going on an airplane. Don't think we'll be back again celebrating every day like it's, your birthday screw kenny cause we're holding on for delight getting mistaken.

The apes won't be shaking or breaking because we're going to the today's moon, probably more manipulation. If you do, a creation of a crooked operation brought more while it was low, got more dips in trader joe's. Oh, you thought that we let go what the hell you take us for allah. If you spend your last living in dollars, we don't claim to be scholars, we the smooth brain dummies and we never stood taller yeah.

We do this for love and we do this. For our honor, a follower of 11 ain't got nothing on us. We the planet of the apes anymore, as we trust m-o-a-s. Oh hell, yes, gon na, send it into space, go fire up the jets done.

My dd call me out john rocket man. This is the way gon na be girliana's ground control. To make your time we bout to have liftoff call us neil, don't be mistaken, the ace won't be shaking or breaking because we're going to the moon don't be mistaken. The ace won't be shaking or breaking because we're going through them now ba hello, hello, hello.

It is tuesday november 23rd, also known as fibonacci day. That's awesome, hey. We always talk about fib here, fibonacci levels, retracement man - i like it. So for all my math enthusiasts out there, it's almost the holiday before the holiday.

We have this nice holiday and in two days one of my favorite holidays of the year just get to sit down and eat some of the best food we got. We got some things to talk about so amc right now, trading at 4128, still within that overall, daily pendant, looking for that first 42 and then from there i'm paying attention to just above 44. gamestop, looking very strong uh, it almost hit 250. Yesterday i was messaging out, i kind of said that i was off by 36 cents, but still looking strong, 245 and then related to gamestop loop ring is going nuts right now, lrc um we're going to be talking about what i believe to be happening there and Then also within this world of loot ring game.

Stop. There are some murmurs, i'm writing. Now i am no legal professional. I don't know if this is or isn't true, but at least it's a hot thing in the rumor mill that ryan cohen, the chairman right now of gamestop is, i guess, his gag order is released today and he could start speaking more publicly.
That's just some something. Hot in the rumor mill uh, like i said, not a legal professional but we'll see how that pans out, and then i just have lucid up here, because that is one of my newest positions. But before we get into the specifics of what's going on in all these individual stocks, let me give you the rundown of us getting prepared for the day and then i'll turn it over to all of you for some questions before that bell goes ding ding, ding Wall street looked steady after tech stocks got slammed, so the market was a weird day yesterday. So basically you had biden who said yes, jerome powell is our guy.

He will be the continue to be, i should say, the federal reserve chairman so with that at first there was a positive reaction: the stock market, the s p 500 and the q's both hit a new all-time high. The russell 2000 didn't, but those ones did and then it was given up kind of quickly. So we saw that bonds. Bonds went up on yields, i should say: bond yields went up and generally that puts pressure on tech and it's just more of where is the best place for big people to park their money? Where do big people park big money and when yields go up? Generally, you see some money going out of high growth, which is going to be considered tech, so bond yields up, typically growth down and that's kind of what we saw.

So i would say it's safe to assume that on the announcement that jerome powell would be reaffirmed, as the chairman people like that they're, like okay cool, we don't have to deal with like the unknowns of actually the current uh fed governor. We don't have to worry about her, so we like that cool the market doesn't like uncertainty and then from there they're like well, okay, what's powell gon na do over the next year over the next two years, yada yada, the list goes on and they're like all Right good chance, he's gon na continue with his previous commentary on interest rates, so that put bond yields up growth down as in tech down, and i think that's kind of the sell-off that we saw for the remainder of the day. But there was also on top of that and that's why these situations are always a little bit complex is there's, obviously movement on the build back better thing. People politicians, of course, are going to be fighting with that back and forth, and then also oil.

We got to talk about that gas, us and other nations will tap their strategic oil stockpiles. The coordinated release by the us, india, china, japan, south korea and the uk is the first of its kind. So what's going on? Basically, if you pull up oil - and you can check this out on the futures market, crude oil cl um so what's been going on - here - is kind of interesting opec and opex allies. For quite a while has been saying, hey we're not going to add any oil to the current supply, we're not taking it out of our reserves to add it to the global supply.
So they were basically intentionally keeping supply low and we were running, run and run and running recently because of the pressure on not only the u.s politics but really global politics. People are starting to tap into their reserve, increasing the supply and when you increase overall supply. Well, that's gon na take off a little bit of pressure from overall prices. Remember this game is a game of always supply and demand willing buyers willing sellers.

So if there's more supply at the same demand, of course price is going to drop and it is interesting now i don't want to speak out of turn. There are people who they dedicate their entire careers to just studying oil and the interaction and the petrodiol and all that stuff. I'm just trying to give you the very quick, 10 000 foot overview of the current situation and it's basically to battle the high prices of oil, because high prices of oil or right now we're heading. At least the northern hemisphere is heading into winter.

So we're going to need heating gasoline high, i believe california has the highest average price of gallon per gas price per gallon of gasoline ever since 2012. prices are very, very high, so this is a interesting, coordinated effort by various political. I guess regimes across the world to help bring those prices. A bit lower white house says: u.s will not use lockdowns to fight covid.

The biden administration has no plans to curb any future covid surges using a nationwide lockdown, so this is coming out right after we know austria is starting on monday. I believe austria is in its 10-day lockdown. Maybe it was this. Maybe it was yesterday: okay, yeah yesterday, austria started it so they're in 10 days, basically two weeks - and this is coming out - that i guess they have no plans to do that.

I guess the u.s is saying we're not going to follow suit. People are getting a little iffy right now, um trying to understand the direction. Is this just a momentary step back in terms of this virus, or is it more serious? It seems like there is. I don't know, let's say some problems going on in europe right now.

Lockdowns and then people protesting against the lockdowns, whatever it is, whatever you decide to do, i just hey. I hope you and your family are safe. I'm just trying to best articulate the fact that, right here, i guess, the current administration, at least in the us, has no plans to curb any future coveted surges using a nationwide lockdown. Just so you all know, zoom shares drop as revenue growth continued to slow.

Well, this kind of makes sense, as people are returning back to their office jobs, their corporate jobs, zoom isn't being utilized as much. It's honestly that simple, it's not the most surprising that their revenue growth has slowed and then best buy urban outfitters share. Sync, on higher costs, the one thing i want to bring up is once again rising shipping cost time and time again, especially with all these major companies. It seems like these leadership teams, the boards, the ceos, the cfos, are bringing up the fact that not only is there inflation, but there is very obviously supply chain issues.
I believe the last time i checked that there's still around 80 different cargo ships stuck in the pacific right off of la like long beach out there, supply chain issues, supply chain issues and you're. It makes sense. I mean we are right now in a time when demand is extremely high, but supply is low because people are exiting the workforce. People didn't return to the workforce.

It's hard to get a lot of these things to meet the current levels of demand and then, especially when you pepper in all the current inflation issues, um, it's it's something very much to consider. As always, i want to remind you. I am in no way calling for doomsday no way calling for doomsday, i'm just saying. Maybe it's healthy for us to be a little bit realistic of yesterday we hit an all-time high, i'm not saying of the year, i'm not saying of the covid era, or anything like that.

I'm saying literally, our stock market was apparently the best it's ever been at. One point: yesterday, i think it's just things are running a little bit too hot. I think the car is in front of the horse. I it's at the point where hey i'm starting to look at gap filling these three uh, 447, 442 and 436.

The only reason, i'm personally not right now getting into volatility long on volatility you may be going long on some market puts is because i know how strong seasonality is. I like, when my idea of fundamentally what's going on, also aligns with seasonality and, right now my theory of hey. I see a technical divergence. I know inflation's hot people are a little bit worried about round 18 with kovid.

That is not necessarily the exact same story of what we see historically for this season. It is once we get on the next, like the hump over thanksgiving from then until the first week of january seasonally. That is very strong. It's referred to as the santa rally um.

So in my own mind, i'm being pulled a couple different ways. I know the data of this time of the year, but also this particular year is it's never happened before so uh right now, i'm trying to be patient. Uh and i i'll i'd like to think that i preach this - maybe i need to preach it a bit more. Sometimes the best play is a no play.

It's a non-play, you just sit there and you wait and you wait and you wait and i'm attempting to be that same sniper methodology right now. I'm waiting for that perfect opportunity, i'm not just going to throw it in without considering all the the risk of the current situation. Um, it's a multivariate problem that we're right at right now and until i see like an obvious trend or like some obvious political development patients, patients, patients, it is completely okay, but anyway, back to the s p. 500.
Yes, yesterday on the announcement of jerome powell being reaffirmed uh we got an all-time high, then it sold off and right now it looks like we have a little bit of a gap down. I will be watching basically at 4 46 uh, 447 uh things get interesting. Basically, if we go below 462., so there are some levels in here to watch that we might bounce off of, like i said, but if we go below 462, i think that's when you're gon na start, seeing even like i mean it's mainstream media, that's when they're Gon na hop on and do a little bit of their fear-mongering because hey they want, they want them views in terms of tech. We knew that this, so it hit an all-time high yesterday.

Let me mark this out for everyone price level of uh, basically, 409 408.71 overshot this fib level of 407, but yeah taking a little bit of pressure because bond yields are up and then the russell 2000 has been a completely different story. It hit its high back in early november november, 8th, not recently, not yesterday, and it's been selling off since then, so we have a little bit of this channel. I just want to see, i think it's going to base and then i want to see how it reacts to a test of this top trend line. So those are three of the major indices that we pay attention to the s.

P 500. 500 of the biggest companies in the u.s, the nasdaq 100 similar, but a little bit more emphasis on tech heavy, and then we have the russell 2000 uh. That's more of your small cap stocks. Typically, i was never the biggest follower of that one, but i am now just because amc happens to be the biggest company within it and in fact, gme wasn't it until about may of this year.

So it became interesting to follow uh. So that's kind of your wrap-up of major indices. Let's talk a little bit about crypto bitcoin. These are the daily charts.

Now, so bitcoin has sold off from its high of 69 000, currently trading at 57.. It it hasn't been catching itself yet uh. If we were to throw up these fractals or anything like that, we haven't seen a new relative high. Yet i would love to see this break back above 60.

So just waiting waiting waiting, i am looking to buy the dip. I just haven't seen that opportunity. Quite yet same thing with ethereum: this did bounce off of 4 000 - that was probably a nice just psychological, buy currently at four thousand two hundred so lana, taking a little bit of a breather matic. Sorry i want this to go back to bitcoin down here.

Matic at a dollar. Sixty two would love for that to be above above two dollars. She hang out. We had this moon on.

It tried to get that breakout, thus far, not holding, but we're still in this overall wedge, loopering doing very, very well and then so is avalanche. So, even though the way we could think of, like bitcoin and ethereum to be, i don't know almost similar to the s p 500 and the nasdaq 100 in in a weird way, avalanche and loop ring have definitely been fighting against that trend. Avalanche never took a breather uh, not at all. It's just been ripping ripping ripping and let me get the comparison to the dollar.
It's around 130 right now, uh 127. uh. So this has been looking extremely well. I have no avalanche position.

I am long on bitcoin. I am long on ethereum. Actually i have a lot of ethereum stake for ethereum 2.0 and i have loop ring as well. Loop ring was following ethereum for a little bit taking this breather, but all of a sudden um over the past couple hours.

It got another. Second wave, a second wave of enthusiasm, and i was trying to dig into why - and a lot of this is just a hypothesis uh. So, yes, we could look into the reason we talk about. Loopering is first of all, this is for defy exchanges.

If you're, trying to make an exchange loop ring, is a very good technology to use and then with gamestop. This is where it's fun and we're almost like the detectives to see what is happening, what isn't happening the interplay among different ceos among different companies? It's always fun, so gamestop has been taking this opportunity after they raise some capital to change their trajectory into the world of crypto, specifically nfts, specifically in nft marketplace. They are trying to plant their world their flag in the world of metaverse, and i'm a huge fan of that not too long ago. They posted uh jobs.

I believe eight different jobs that they were seeking to hire uh engineers related to crypto, specifically layer, two um. So that got people a little interested and they're like okay. Well, who are they gon na partner with well roughly the same time period? Loopering the creator - and i guess, ceo of that project or the operator founder of that project daniel. He was saying that, yes, we have a new partnership with the undisclosed big company, so people are like.

Are you talking about gamestop, and then people really started diving into it? They all of a sudden, see that, like ryan cohen, is following him on twitter he's following him back they're all following loopering they're, all following gamestop, a lot of just like social interaction, and then it got a bit more interesting when people since loopering uh, you can See its code on github, which is definitely the world i come from uh. Since my background is coding. People started to dive into the github, which is the repository. It's where all the code is, you can see it all of a sudden.

You see that there was being changes made to looprings code. That was supportive of gamestop. I was like oh that's interesting, but that all explains for this run-up to four dollars. Then kind of sold off with crypto, but, as you can see, it's getting a whole new.
It's it's a second life to it. It's looking very exciting right now, so the recent things are actually right here and once again, maybe this is accurate. Maybe this isn't but shout out to dark. Stapler, 11.

counter factual nft contract, pull request um. So a pull request that once again is related to github and just getting code up valid code. That's live um, not to bore people too much, but this was posted last night, so they have a new basically think of it. As a new code update counter factual nft contracts have just been added to the loop ring protocol github through a poll request that pr pull request has already been approved by daniel daniel is the big wig at loopring.

What is a counterfactual wallet? This is a critical step for implementing a user-friendly nft marketplace. This feature allows users to try out for free with a temporary wallet that functions in many important ways, similar to a real smart wallet. So a lot of people - and this is i'm not going to read it all to you check this out. It is uh counterfactual, nft contract pull request.

If you want to search that it's by dark stapler shout out to him, there's obviously more details in here, but this was submitted last night and people are pointing out hey a step further and remember. The combination between loopering and gamestop in a public sense has not been verified, but there are many pieces of secondary evidence that seem to be pointing in this direction and then this is another one. In that list, people are starting to say, hey, apparently, ryan cohen's gag order is lifted. Today, a lot of people are thinking that, with some of these technology developments in loopring, particularly the protocol and other things going on on gamestop side that we might be getting some sort of big announcement in the coming days.

I don't know i think it's exciting. What does this say? The key feature will crush all competition in the nft marketplace. Space allowing gamestop become the first bastion to capitalize on the mostly untapped nft market once again check this out definitely check this out. I am long on gamestop, i'm long on loop ring.

I want to be transparent. I have a position on both of them. I mean i've been following gamestop publicly ever since january uh, so it's kind of cool to see how things have played out really over the past year, some exciting stuff uh. I see a lot of people are uh, saying prague, we're gon na talk about prague, but first i want to talk about this uh.

It seems like another day and another day comes and another day that we have to kind of squash some fun. So sean williams, um notoriously, has been against amc. If, if you are new - and you haven't heard about him yet uh for months now, he's been saying negative things using motley fool as his source uh to say about amc, gamestop apes me, like all of it he's just against us um and i'm assuming he's been Quiet for a bit, so i'm assuming he's back at it and just needs views like maybe his advertisers are mad. Maybe he needs some money for thanksgiving.
Maybe he needs some money for christmas. I don't know what it is, but it seems like he once again needs to show that he's somehow relevant and he just posted this there's no sugar coating, it amc, entertainment, is still a mess. Amc, enthusiastic retail movement is counting on a short squeeze and a continued rebound from the company's pandemic. Lows.

Okay, i actually agree with that. Recently announced growth. Initiatives by amc aren't going to move the needle he's referring to the popcorn thing. He thinks that's not going to move the needle and whatever that could be debated.

The company's massive debt load is declining bargaining power and its precarious cash situation all need to be addressed. So i i implore you read this article dive into it, see if you agree with it see if you don't agree with it as you're reading it. I want you to understand a couple things: um sean williams, tmf ultra long exclusively exclusively looks at amc from a fundamental long-term investment perspective. I want to remind you that they have 1.8 billion dollars in liquidity, uh 200 million in cash.

They have no serious debt until 2026. They have a little bit in 2023, but i think they're just going to bundle that up and kick that down the road and even if they want it paid off, they could paid off it's in 2023, so this debt that they have the company's massive debt load. Folks, we are years away literally 2026.. Remember they have the most liquidity that they've had maybe not right now, but the last quarter like and we're not far off of it 1.8 billion 200 million in cash.

He talks a little bit about their cash burn in this and he's acting as if it's like completely horrendous, i mean previously, they were burning over 100 million, then they were burning 40 million and now they're burning, like about 10 million a month, i believe, was the Numbers from the most recent earnings announcement feel free to fact check me on that. But overall, the trend is hey, they're, actually almost to the point of getting break even and positive, and that is exactly what both the ceo and cfo said in their call is. They are worried about going. That's their main focus is: let's go positive.

Let's go ebitda positive, um yeah. Of course they were negative. No one was going to the movies yeah duh. I don't think that's like that.

Big of a surprise, but now that people are returning, we see trends in very, very positive directions. Um like, if you read this, i think it's a lot of fear-mongering, especially when i think about some of the facts and some of the points that they went out of their way to bring up in the earnings call of the improved trajectory of the company. I also think that he's understanding, crypto, isn't it right selling popcorn in malls and accepting crypto doesn't come close to addressing the root of amc's. Multiple problems.
Hey read this see. If you agree with the multiple problems, hey that's up to all of us. I don't agree with it. I think he's fear-mongering, i think he's overstating some of the negatives and understating some of the positives.

I love to step into crypto. You, like i mean it's baby steps. It's a big business, it's a 20 billion dollar business um! You have to take baby steps, they are talking about nfts and pairing up with some of these hollywood, i guess titans to sell off potentially some of these other nfts overall, that's just one example of considering various things, and for this i don't know i wanted to Bring it up, but i just want to remind everyone, he's a long-term fundamental person. I don't think much of this has been a fundamental play.

If anything, this has been more of a societal cultural, psychological wildfire play, but i just wanted to bring it up because i don't think it's healthy for a community to just like put blinders on and pretend it's. If nothing negative exists, we got to be able to talk about it. We got to be able to get to the bottom of it and better understand the true situation, not just half of the situation so um. I think it's worthwhile for us to talk about the pros and the cons we do not want to be in a world of confirmation bias all right.

So that is your setup on the market. Amc gme loop ring. We could do some of the technicals, but in all reality not much has changed. Amc is still in that daily pennant uh gamestop broke out a while ago, i'm looking for the breakout of 250.

If we get above 250 255, then i'm watching 280. lucid i'm long on that would love for this to get above 60. loopering. We could check that out.

Um i'll bring that actually back up, but loop ring is at looking absolutely phenomenal. Let's just watch the market at open today, uh just because of this gap down, i want to know what's going to happen there, but with all that being said, let's um uh someone was also asking about prague, uh prague. There was a offering that got bought or it was something very weird last night, but as you can see, people quickly bought the dip um. I have not changed anything about my tune on prague.

I've always said from the start. Yes, i'm excited. If there is a short squeeze, but i think the company is truly undervalued um, it's that simple. I am prepared to hold it for a long time if it squeezes and i make money in the short term cool i'll, lock it in and then buy it when it's cheaper.

I i just think prague, it's this simple. I think it's an undervalued company. It is disrupting the humera industry, which is a very, very widely prescribed drug 20 billion a year um, which it's patients or the people who use it have to inject it. Prague has a patent for an oral delivery method and it's worth 728 million right now.
As a company to me, that's undervalued when you're disrupting a 20 billion a year industry and that's just one of its business pillars uh, so prague nothing's really changed. For me, i think it's an undervalued company and when it's undervalued i buy. If that's my thesis - and i i just - i think it's like the icing on top that it also could potentially squeeze, can i guarantee anything? No, i don't think anyone should be able to guarantee anything in the market because if they are they're lying to you um, but other than that uh, my i guess opinion on prague has literally not wavered point: zero, zero, zero, zero one percent - it is not wavered At all, because i still think it's undervalued uh, someone became an astronaut, but it doesn't show your name cr. What is this name crypto? Is it addict shout out for becoming a member becoming an astronaut? How do monkeys get downstairs? They slide down the banana stir.

Why? Because there's no one can judge how i spend my money thanks for providing entertainment, shout out rob amigo, do you think ggpi is better than lucid? Can you look at it better than lucid, lucid is a much larger, more established company than ggpi, i'm not against ggpi. I just know it's it's a smaller player as of now oh sean williams, what a bum hey matt! I just want to ask: if you own a stock and one day you sell it and then buy it back in the same day. Is that considered a pdt violation, you're getting out of one play and then buying it back? No, because you're closing one distinct position and then you're buying back. That would be like a whole new position day trading is opening and closing a position within the same day.

So you're referring, if you think about it, you opened it previously and then you sold and then, if you buy back um, that could actually be a wash sale, but that wouldn't technically be a knock against pdt um. If you sell once again that day, it's a wash sale and a pdt uh hit, it's all about opening and don't think about it is like buying and selling think about it. It's easier to conceptualize, what's happening when you think about it of like opening and closing a position within the same calendar day. Would i check or text on lgvn and give your insight before the bell rings? I mean lgvn right now.

I think it's a bit chasey um, so lg vm. If let me just bring up the vortex on it before the bow goes: ding ding, ding, lg vn. It's a biotech play short interest of 108 percent cost to borrow 440 445 utilization 99.98 shares on loan. 1.67 million this to me of what's going on um, this was a low float short squeeze that i feel like.

I already missed the boat on, so i don't want to chase him, lgvn, it's a biotech company and they had an announcement that one of their jugged drugs got some sort of fda approval, the drug. It relates to congenital heart, defects for infants, so they got approval. Obviously that was good for the company and i think a bunch of shorts got squeezed out of their position. I'm not gon na chase.
It was trading at three dollars. Then it hit 28 right now at 23., if you're in it. I wish you the best of luck. I just feel like i'm late to the party on it um.

I think there could be money to be made there. I think you need to be very agile. It's very whippy. It gets halted um.

You could look at it as, like, i guess practice for how things look uh, but i myself have no position, haven't, had a position and i don't particularly plan on creating one just because i'm late, i missed it, and if, if you miss it, you miss it. That's fine ding, ding ding. The casino is open best of luck to all all right, all right, all right. Let's see how things are gon na get going today.

Let's see how things are gon na get going today, um thoughts on crow, crypto.com, cryptocurrency uh. I think it's getting a lot of excitement right now, just because crypto.com is going more mainstream. It bought the naming. Rights to the staples center has a lot of people celebrities who are talking about crypto.com.

I think it's going just because of excitement. I guess, like pure excitement, more people figuring out what it is more people signing up because of its name, recognition uh. I have no crow cro personally but hey if you're in it you're making money, because it's up quite a bit downloading training view uses less computer power. Downloading computer.

Okay, shout out fleet uh, feel player poker all right, all right, all right, oh and just so. Everyone knows this is trading view and i do believe that they are currently running a black friday deal where you get like 60 off and your first month free. So if you want to try out trading view, the link is in the description of the video. If you want loop ring, if you want some of them, loopering attendees the place i bought mine was coinbase, which is pinned to the top of chat right now.

Coinbase is a very popular reputable crypto exchange, um, actually, probably one of the world's biggest uh. It's definitely the biggest in the us i use coinbase. I use gemiini and i use voyager all offer different things. They have different interest rates.

Some of them offer different coins different tokens. Those are the three i use gemini, coinbase and voyager. I like all three. I have money in all three um.

There are other good ones. I just the only thing i feel like i'm missing out on right now is probably making an account on uphold, so i can get some ripple if i want that. That's the only thing that i think between those three i don't really have access to essendial starting off yeah. So there's a little bit of movement in the marinara world uber eats in canada is partnering with some marinara company uh to do deliveries.
So we do have a little bit of an interesting. I guess industry development in that world all right. What are we doing? What are we doing today, lucid? I would love for this thing to, like i said, get up to 60.. There's prong ring is right.

Here looks like robin hood: hit a new all-time low or very close to it trading at 27.. All right! Let's do this thing sign up for coinbase, did the learn and earn made forty five dollars. That's what i think so cool so on loot or if you want loopering or if you just want a coinbase account once again, it is pinned to the top of chat right now, you click it. You fill out your information, it's going to be good for you as long as you're, not i think in hawaii.

It's also for certain international viewers. You could use it as well, but what's cool is when you sign up and you get going you're going to get ten dollars of bitcoin just for using that link, but then, if you go through their like kind of earn program like the learn and earn program, You can earn another like 40 50 uh for just like learning about crypto learning about how to use the platform. Uh you just kind of click through all the modules is. I found it to be pretty quick, pretty like super easy money, but worthwhile to check out uh.

Yes, loopring is on coinbase use coinbase pro, though fees are much less good day. Sir shout out kay gordon, i appreciate that so uh there is coinbase. There is coinbase pro, so maybe you want to look into the pro account uh. It would be appropriate for some people.

You can't find loopering on tradingview uh, just search lrc and it should be under the crypto part of it, and i just compared to the usc, but look at this uh talk about yesterday when we were talking about accumulation phases, uh definitely accumulating and basically look for The breakout of three dollars and 25 cents - and i think this thing - could potentially really get going uh but bloopering having a solid, solid, solid day, rivian holding on to 115. If he can't hold 115, i'm then watching 100 prague we're watching that how's tesla doing today. Tesla has a little bit of a gap to fill to 1220 might not be doing it today, i'm seeing some pressure in the overall market, the spy, the queues are both on the red side. Iwm is also red, so three of the major indices just to open up, remember we're only five minutes into the day are a little bit red right now, you know: what's not red, though lucid the lucidians are showing up.

Amc is looking good. Hopefully we get this. A quick push to 42 gamestop fighting back uh, who knows maybe i'll, be off by a day, but i would love to see game stop at 250 in ames yeah. 44.

love to see just a bunch of green, a bunch of green, a bunch of green um. Ralph, i'm not the biggest fan of hut uh just because to me it makes more sense to be directly involved in crypto and not a crypto miner um, especially hut, is a smaller one. I mean mara and riot are considerably larger companies hut right now is in a downtrend like you would need some demand before you would want to get in um. I just see selling right now.
No there's more selling pressure. I don't see buyers stepping up yet on it. If you like particularly care about that chart, but overall crypto mining, it doesn't make much sense to me of where i would want to put my money um. I would much prefer to put it like right into crypto.

Uh gamestop lots of excitement out of the gate on gamestop right now. Lots of excitement - 2. 51. 72.

I mean we're above 250. That's huge! That is absolutely huge. Congrats congrats to all my can't. Stop won't stop gamestoppers what stock will double soon uh? I i wish.

I knew i wish i knew all right. Gamestop, currently up 1.4 amc, currently up 0.8 uh lucid, is currently up 4. So we're looking good we're. Looking good gamestop major breakout level.

Major breakout level is 255. above 255.. I don't see much stopping it all the way up to 280., all right, prague, let's see if this prague is really between 430 and 450. That's a big, i guess like pivot level, for it that it's been highly attracted to so i would love for it to get above 450 and then prague above 550.

It's just. I don't see the shorts being able to really fight that one. Some account in here can't stop, won't stop. What's going on, uh loop ring is still looking very solid.

Loop ring, uh loop rings on the bottom here, it's at 310 roughly, and then we have these kryptos. I wonder if i could tag the kryptos. No, i didn't want to do that shoot. Let's get some color coordinated things going on in here, some color coordinated things.

What do these colors mean? I don't know there we go there. We go, i don't know just gets a little looks. Nice looks nice. In my opinion, all right, let me bring prague back up there aimc looking good, looking good, looking good looking good.

It is red, uh nathan. He called it out. You guys see where i'm going with the technically this one wouldn't be appropriate. Let's go there uh.

Do i like that uh purple blues? If blue is my crypto, robin hood has to be red. I guess we'll make it a pink we'll make it a pink one. So we have purple. Obviously purple means overall indices, light blue.

I'm a fan of light blue we're looking for some moon travel, green for ev, good green for the environment, uh pink because i ran out of colors and that's just some like long-term stuff, uh pink for pelosi. Uh pelosi's plays uh red for robin hood, because robin hood is a dumpster fire of a company and then dark blue for bitcoin um. I think i think this actually all makes sense all above board tom wishes to see rocket and duck emoji on chart. Please rocket and duck emoji.
There is unfortunately, no duck emoji, which i think, if we all, we should all write trading view about that and be like hey all right. Let's get some rocket support in here folks, we need, let's see if this can catch it. Just the base the base of the rocket - hopefully we can bounce right off of that one. We need a little bit of support, uh gasparino on fox at 3, 45 est today.

Yes, so i will be streaming that um mark cohodas will be on with gasparino 3 45 pm et today. I will be streaming. It live right here, uh, you seem confused on the trading view. Download uh just saying you don't have to use it on your browser.

Run smoother, if you want yeah so with mine, the only problem with it is that i switched to web pages um. I actually have training view downloaded, feel player poker um. But since i use so many web pages, i don't want to like be bouncing down bouncing around that much. It's actually just a little bit easier to keep up like one chrome application.

Is there anything related to the end that could cause shorts to close uh? I mean sometimes people like to uh close their losing positions at the end of the year, because uh for tax purposes like to realize certain losses to offset certain gains, so you'll you'll people - it's referred to as tax harvesting, but that is a sword that cuts both Ways because people might do it with long positions as well. So it's more of like cutting losers, go go, go someone said, go, go, yeah, amc, we're we're watching! 42. 42 is the first level to watch on amc currently trading at 41.60 uh gme. We have the rocket support up.

I don't know if it's enough um, if you happen to be on trading view, i would ask that you kindly put up your rocket support as well the more the more support we have, the better chance of it bouncing um. That's just science. Folks i mean i don't make up the rules, we're just we're playing the game by the rules that are already here. So if you're on trading view, i ask please put your rocket right about here.

Let's, let's give this chart a little bit of support uh. Do i think rivian will go below a hundred, it's at some point in its future. Yes, i don't know if it'll necessarily happen anytime, like soon uh. I think that's uh, something you have to strongly consider.

If pounder were an alligator named william, would he currently be a bottom feeder? So volunteer is getting hit pretty hard right now, pretty pretty hard. Let me rearrange some things: palantur palantur palantur, it's at support, hopefully can catch itself at 20.. That's what i would be watching. All right folks, i really need more of those rocket supports um it's at support, so i'd be interested.

Maybe it bounces off of this, but if it breaks below then you're talking about 16 17, roughly 16 17, roughly uh long term, i'm kind of a fan of palantir, especially the cheaper. It goes. I think it just becomes closer and closer to undervalued, all right. We're waiting on prague there we go enough people, finally throwing up their their rockets here to help out the cause, we're the limes and the lucky ducky uh.
I wish there was a duck emoji that i could use. It would be way better, but unfortunately there isn't alligator looking good on lucid, oh yeah, because this is just a nice trend out of the game. Look at this. We perfectly ran up to resistance, we're looking for the break of 54.

lucid. I am looking for it to hopefully make a new all-time high before the year is out - hopefully, hopefully, hopefully lucid's, bending or not lucid uh. Prague is bending background watch 435.. All right.

We have 422. uh amc slowly but surely grinding up to 42 dollars we're trying to get some support built in here on gme you're, looking for it to take out the fractal of 248 and when i say fractal, i'm literally just referring to williams fractals uh. I actually know the fractals, apparently all the way up here. 252..

I thought no. It makes sense that this is a one, never mind. Nevermind excuse me uh, i'm shane from san jose. Thanks for all you doing continuing to educate us, not financial advice and making it easier for us to make our own educated decisions, apes to the moon, shout out shane uh ray morning, matt uh morningfam, hey matt! Can i get your thoughts on cro yeah, so cryptos like crypto.coms crypto, crow, cro uh is doing very very well, and i think it's just because a lot more people are starting to sign up for crypto.com.

They bought the staples center um. There's it's just a lot more name recognition right now, um, i don't have any of it myself, i'm not necessarily against it. It's just kind of obvious to me of like why it's going up right now. A lot of people, i believe, are appreciating the marketing tactics of crypto.com and, if you're in it, i hope you crush it.

I hope you crush it uh what about t0 matt? What about it? I don't have any t0 myself all right there. We go we're almost at 42 on amc, almost 41.96, all right we're taking out, hopefully the first resistance. Let's look at amc a little bit on this time frame so from here. Let's pay attention to 4240, just some intraday highs and resistance from yesterday.

So 42 is a major level on the daily perspective and then 4240 is more of what we saw just kind of yesterday. So i'd love to take that out. Um gamestop coming back around uh we're watching 250.. Let's see how this all goes.

Can we see your daily wedge on amc? Yes, the breakout roughly is 42 actually 4240. That level i was telling you about, so it is kind of important on a daily perspective, um, so 4240, potentially actually more important than 42 itself. At this point, just from some recent technical developments all right - let's drop these fractals uh prague double rejected at 435. Smack smack.
Let's see if we can get back above that uh low volume equals institutions buying uh, not necessarily low volume means, i would say, institutions not selling, and that those are very similar things, but they do have important differences in their connotation. I would say low volume, especially with known stocks that are like in the media's presence. Uh is a bit more of they're, slowly acquiring but, more importantly, not selling uh. Can you check in video? I mean nvidia is just it hit a new high yesterday? Didn't it and then i thought it started to sell off.

No then yeah, the new high was yesterday, so we gapped down um and it's already coming back up. I would just be a little bit careful there's. This gap fill to 305, so i'm like ah i'd, prefer that this gap is actually filled just so we don't have that in the chart, but we still have three gaps to the south side: 305, 268 and then 233. Eventually these will get filled.

These three individual gaps - i've been in nvidia for a while. I wouldn't be chasing at these levels personally, but i also have a very low cost average on it. Um do i think it keeps going up. I mean if you still have pelosi in it.

I mean she she crushes it. She crushes it crushes it crushes it. So, if she's still bullish on it, i just don't see generically why we can't be either qualcomm and draftkings, like qualcomm as an infrastructure play up still looking for an exit. Draftking long but wondering draftkings is a long-term play to me.

That's something i wouldn't actively be watching. If anything, i actually think that this area could be a solid, buy area um. I myself am considering getting more here from my long-term portfolio on draftkings. I just i'm very bullish over the next.

I don't know. Let's say from now until the end of the decade on online sports, betting, uh, online, gambling and draftkings is already well known um, they already have a big customer base, a big client base. I think this is probably a dip that, if you give it enough time, would be a nice one to buy. So i'm not questioning that at all qualcomm starting to look heavy to me um if it goes below this 177 area like low low the low of today the low of november 17th.

This is, i think it would just need to take a breather qualcomm. I i don't know when people did or didn't get in, but right now it's like the ball in the error scenario, you're seeing just a little bit of distribution, some big players, probably locking in some of their their gains they're trying to lock in that christmas holiday, Bonus thoughts on g r and q, uh grnq investment managers - this is a very poor. Looking chart. I wouldn't trade, it um, there's no trend.

It's super choppy. It seems like a highly difficult trade uh. I like easy trades. I i wouldn't mess with granq personally, not personally.
Oh, it's the holiday season, folks, the holiday season this week today, i'm expecting overall volume and volatility to kind of drop, and i think it'll be even more tomorrow and then it'll, be like the markets closed on thursday. And after that i think it's going to be. Like borderline non-existent on friday, like it's it's a half day, people are just not gon na really be trading, so i think today lesser than normal, i would argue interest in the market um, but still a considerable amount for like enough interest for like considerable moves, but Uh, it's like historically, this is when you're gon na see things kind of like start to cool off. People are just on starting today.

Tomorrow, people are going home. How many of you right now are like not going into the office tomorrow or like catching that train or the flight to meet up with your family or friends? Um it starts today. It really starts tomorrow, people by the time you're after thanksgiving uh people still have their they're going to be in their food coma. I i just don't that day after the market's open for half a day, but i don't think many people will be paying attention to it.

Uh! Oh i'm, seeing a lot of people are saying: f, f, f, f, f, f, f, f, fff! Are we back? What is going on with youtube that has been having these problems? It doesn't make sense to me. It doesn't make sense to me in the slightest honestly. Are we back and what is the problem? What is a problem all right? I think we are, i think, we're good. I think we're there.

I think we're rocking uh if low slash high volume was mentioned by jesse livermore and reminiscence of stock carburetor about strong and weak hands. Uh. Have you ever read it? Yes, i've actually read that book a couple times. That's a great one, reminiscence of a stock operator, uh jesse livermore, is widely considered to be one of the best traders of like all time and that's uh, some information.

It's a good story about him. I think you could find the book for pretty cheap on like amazon or i think i even have it as an audio book and just like listen to it uh just so you know this is probably i don't know it's just an easy reminder. Um, if there are continuations of problem with youtube or if you just don't want youtube at all uh, i do multi-stream this. It's on twitch, matt underscore course the same as my twitter, the same as my instagram matt underscore course it's above my head and then we're also on rumble uh rumble.

Uh very much appears to be the like up-and-coming kid who is doing its best to to fight youtube and them for having like a monopoly on these videos. Prague's. Looking real good right about now, honestly, so is amc and jimmy lucid's, taking more of a breather than i wanted it to. This is kind of what happened yesterday.

It shot up and then sold off and at the end of the day, made a little bit back but um i lucid come on going the wrong way. Man going the wrong way. There we go prague, let's take out 450, then let's take out five actually shout out how many shout out to all 171 rumblers right now. I appreciate you.
I appreciate you and then shout out to 350 people on twitch, so we have the moon gang twitchers. We have the moon gang royal rumblers and then we have the moon gang youtubians. I wonder if there's going to be a battle for supremacy between the three factions, that'd be weird. If they're like the moon, tubers were famous uh, i think we could do that.

We could somehow try to create since there's already like there's too much drama in the amc gme like ape world, why not in the moon gang? Why don't we just keep all of our drama in-house? Keep it between ourselves like the like the youtube faction can fight. The twitch faction can fight the rumble faction, and i think we should just let's bring drama in-house. Let's, let's keep it all in moon gang and we could just get the three different tribes of moon gang uh like we'll, create a council like you guys, can elect like the leaders of each of those different ones and we'll have meetings and then we'll when things Die down we'll manufacture our own trauma for all groups to fight. I think this could work.

I think this is a good idea whoever's. Whoever is the idea guy write that idea down the multi-universe. I love that matt uh gearing the multi-moon of verse son just said fight club, um yeah, someone said i'll, be a spy like we can have tribal espionage between the three groups. All right next thing to take out for prague to take out is five dinero man and then amc we're just at 42 42, but now something at 42.40 is also extremely important.

Violet, crushing it got a marfill at 50, now might halt up so mara recently had some craziness because of uh a subpoena, but on mara the choppy choppy choppy uh. You want the breakout above 56 and maybe from there i'd watch 64 is how i pay attention to that one, that's what i would be paying attention to you know in bringing all this up. The the rumble group is growing rapidly right now, they're they're pouring in so they're becoming a stronger alliance over there at rumble interesting they're, a quiet group at rumble, but they're, i would say, stoic it's more of a stoic vibe over at rumble. What kind of vibe do we have going? Amc ape 1990 twitch is the way just trying to get people over to twitch.

Oh i like it. That's what people should be fighting for. The rumble group is a distraction. That's what the drama should be centered around the best streaming platform uh, we should do a competition.

Everyone creates a paper account with the same amount of money. Everyone has one month to trade person with the highest gain wins, i think that'd be cool. Uh. I've been we've been kind of like actually workshop work shopping, some ideas for that, at least like competitions within the discord for sure.
What's the wedge, breakout level today, if you're, referring to amc, it's 4240 live streaming, is always subject to the rule of fair internet. Whether and when layer 3 routers get overloaded go down by bgp routes needs to switch their route tables, which causes telemetry issues that typically recover quickly. That's a lot of words that i don't know if my brain is big enough to understand the other mat uh can't support the purple snakes twitch after what they did to doc. Well, that's an interesting question so, whether you're on twitch rumble or youtube.

My question is: do you dislike twitch more because of the fallout with doctor disrespect? I myself before i see any of your answers. Want it to be on record. I am team doctor disrespect, i think he's one of the best live streamers. Currently in the game of live streaming.

I don't care if it's stonks, i don't care. If it's games, i don't care if you're hanging out in a hot tub. I think dr disrespect is one of the most entertaining streamers, currently doing the game of streaming. Matt franklin, what's going on uh, i'm on rumble, because i don't like how youtube censors people but dumb money is always pos, pausing here, so i i can let you know.

Uh, just talking for uh some of the with talking with some of the people at rumble uh, they are definitely actively working on bringing on other people. If you look on rumble right now, they appear to have just signed a russell brand.

21 thoughts on “Market swing incoming amc, gme, lrc prog dumb money w/ matt ep 157”
  1. Avataaar/Circle Created with python_avatars Contact Mr. Calvin on Telegram [LeonCalvintrade] says:

    < Stay calm, thought we all got used to the ups and down of bitcoin, it hit ATH recently which made the price amazing for every early investors and will be back soon, it's just bouncing back to normal price for the rest of us which is good while for those who got in for the first time its otherwise. who hold the longest will profit the most, I trade and hold profits keep up the great work! Calvin and also Leon Calvin has been doing a great job reviewing all chart, trade and techniques on BTC which has enhance the growth of my portfolio to 16btc lately.

  2. Avataaar/Circle Created with python_avatars Brandon Fisher says:

    I love watching paint dry!!!!

  3. Avataaar/Circle Created with python_avatars Ugly GreeN says:

    Millionaire Matt Kohrs…

  4. Avataaar/Circle Created with python_avatars Tyvi_305 says:

    How do i find this song?

  5. Avataaar/Circle Created with python_avatars Jim Ernst says:

    Moving up, turn about is fair play.

  6. Avataaar/Circle Created with python_avatars Lars Halvor Hansen says:

    I think AMD is going to the moonπŸ€”

  7. Avataaar/Circle Created with python_avatars Queen diy/ challenge Sam says:

    You make your money from selling amc. At 72$ Not from YouTube. You and Adam Erin tray all of you baster’s makethe Abe’s holdingthe stock. And you making millions from us

  8. Avataaar/Circle Created with python_avatars Federiko Corme says:

    I love your videos. Make a video about cool crypto exchanges like KyrrexπŸ‘ŒπŸ»

  9. Avataaar/Circle Created with python_avatars Bryan B. says:

    The bots are out in full force with the hate. Keyboard warriors. Keep crushing it matt. Don’t let the 1% of haters get to ya. Those tend to type the hardest lol

  10. Avataaar/Circle Created with python_avatars mark riley says:

    Matt already to the moon

  11. Avataaar/Circle Created with python_avatars HARD PLAYS says:

    Webull has the shills turned all the way up, must mean something

  12. Avataaar/Circle Created with python_avatars Musicby ZerΓΈ says:

    Love how before it was all amount amc squeeze incoming lol look at it now

  13. Avataaar/Circle Created with python_avatars Crystal Moon says:

    Love the diversity in your content. If you did just AMC and GME it would get boring. Newbies learn fairly quickly to hold and why. Growing beyond that is what I learned from you .

  14. Avataaar/Circle Created with python_avatars Louis John says:

    <≀Thank you for your videos mate. I watch them and they are meaningfulπŸ’₯and love your content, most people don't understand the concept OF "buying the dip" buying the dip is all about buying digital assets when their price are down and selling off when the price rise. Holding is great, Trading is far more profitable. I was able to grasp the knowledge of trading crypto assets early enough, but I was still limited due to my lack of technical understanding of how to analyze the digital market, Now The market is very unstable and you can not tell if it's going bearish or bullish.While myself and others are trad! N without fear of making a loss others are being patient for the price to skyrocket. It all depends on the pattern you follow. I was able to make 18 BTC from 5.1BTC in just May from implementing trades with tips and info from Abel Shum.<<<…>>

  15. Avataaar/Circle Created with python_avatars Chase Mack says:

    Why is Matt doing shorter streams now? Used to go all day

  16. Avataaar/Circle Created with python_avatars matt khorsisab1tch says:

    ✌

  17. Avataaar/Circle Created with python_avatars zack2366 says:

    going to the MOOOOOONNNNNN

  18. Avataaar/Circle Created with python_avatars Francis Villalba says:

    Who did this song?! So good!

  19. Avataaar/Circle Created with python_avatars chipcherry5000 says:

    Not allowing to talk about other things in a community is what I call a Cult. Rock on! I am not in GME but heavily in AMC. My hope is post squeeze(hopefully soon…lol) I will diversify more in Blue Chip stocks, Crypto, and others. If wealth arises from the squeeze, that is a much different investment strategy for me personally. There is no way I could stream videos for 10 months on only AMC and GME. Just a take. Thank you Matt for all you do!

  20. Avataaar/Circle Created with python_avatars BAMBI IS EVERYWHERE says:

    GIVE ME YOUR CREDIT CARD AND YOU WILL GET 1 BILLION MONEY!πŸ˜ƒ

  21. Avataaar/Circle Created with python_avatars BAMBI IS EVERYWHERE says:

    CLICK HERE NOT SCAM!!11!1

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