So hey welcome to the end of the week. This is your friday show friday april 29th and we're going to talk about all those little squiggly lines and movement upward and downward. That really invokes such a special emotional reaction out of all of us today in the old stonk market. I want to talk about the overall market kind of.

What's going on right now, a little bit of political stuff, then we're going to get into apple we're going to get into intel we're going to get into amazon we're going to get into robinhood. Then we have a little bit of an update on the whole archagos uh bill, wong type of a situation i'm like i want to go over just because i made a video on it. I want to talk about some of the biggest equities that he's in then. We could talk about how all of you led me completely astray yesterday in our hive, mine trading and i ended up getting margin called so we're going to be talking about that uh.

So not the most ideal scenario there uh so quite a bit to get into today. I think it's gon na be hopefully a little bit more of a higher volatility day, just because we had so many important really companies reporting in their earnings, and we also had some update about the pce report i'll be going over that very, very shortly uh. So lots of cool stuff going on. I want to just give you the skinny on the whole situation, so you feel a little bit more comfortable for market open and then what we really need to do is figure out how we can get some of this money back after the margin call scenario.

Yesterday, i'm not mad, i'm just disappointed now a lot of you might be thinking, but hey we told you to take profits. This seems like a you thing. What you're gon na quickly learn is i'm a person who doesn't take blame if you haven't learned that already. I will take all the glory and the success, and i will put that on my resume but uh like any astute worker, especially in corporate america uh.

If it's, if there's something that goes awry, i'm not taking blame, that's just that would be silly for me to do that's crazy before we get into all that, though, shout out to today's stream sponsor, i am talking about true trading group. If you want to learn how to trade, the exact opposite about me and not do silly things and actually make informed decisions and understand more what you're looking at you can get a free seven-day trial. They have data analytics, they have education modules, they have a live chat room. It's over a true training group, a free, seven-day trial, no credit card.

Anything like that. It's pinned to the top of chat. It's in the description of the video once again shout out to true trading group. They will be doing a stream after the market or actually they might be doing power hour today or at least after the market and then again on sunday.

So uh feel free to check that out now with all that out of the way, let's give it a little lucky see of what's going on so the spy. This is insane uh and i don't want to get like too crazy right now, but this rip when i went short like here uh just it pulverized me and i was like okay it'll - go up a little bit, i'm not gon na get margin called, but as It continued to rip to the high heavens and it was going completely against me. I got margin called and it was i was not. I was not a happy harry yesterday.

Let's just put it that way. I was more of a sad sally and an angry al. If you will uh, but it was one of these things that this was just a massive buy program and it just all seemed sus. There was no good reason for that.

In fact, before this came out, we got a gdp report that, like our economy, is retracting like none of it made sense, so it was more of this game of like i was confident in betting against the market. It was just. Could you withstand the pain and emotionally well? I was on edge. I was crying in my shower, but my brokerage allegedly whatever said that i couldn't and i was presenting a risk to them.

Hence they margin called me. So it's not necessarily my fault. It's just that. My margin, my brokerage, doesn't want to give me the margin they just don't want to.

Let the kids play. You know you guys know what i'm talking about and then very quickly. We got the result of amazon which went red currently down 10 in pre-market, so that brought it down. Apple's numbers were good, but then they have concerns about the upcoming or q3.

They think there might be an 8 billion loss so that brought it down, but obviously we're seeing a little bit of a bounce back, because apple's numbers were still impressive. Hood will be talking about that that didn't have the biggest impact on the overall market, but it's getting slaughtered nonetheless, currently down almost 11 in pre-market, hitting an all-time low in atl. Don't get that confused with georgia, we're not talking about the airport when we say atl, we mean an all-time low, very, very different. It's more of a state of mind could be your emotions could be a stock price, but still nothing to do with a georgia airport.

Want to make that very, very clear, so right now we're red the dow, the s p, the nasdaq red oil up to 106 oils popping and so are yields. We got more inflation, which none of you are gon na, be like wow, didn't know that was happening, but i'm just giving you another metric that came out. The fed's favorite inflation gauge rose 5.2 in march, and we are talking about the core personal consumption expenditures. Price index also known as the pce, the personal consumption expenditures um.

So it's up 5.2 um, it's just high, which i don't think any of you are surprised to know that we are staring inflation down. The barrel. U.S economy shrinks threatens loom, but growth likely to last. So this is referring to the gdp drop of 1.1 or 1.4 yeah a 1.4 drop, so we saw a retraction there when everyone is expecting growth, so not the best sign overall, we're obviously running into various serious supply chain issues.

But i like this last line here, do think that there are some glimmers of hope that we will be getting into that. I was seeing in some of the big juggernaut earnings that just came out. Uh on more of the political front. Biden seeks 33 billion for ukraine signaling a long-term commitment.

This is quite a jump up of what we've previously seen. I believe the number was closer to the realm of 13.6 billion, so obviously 13.6 getting jacked up to 33 billion, and i believe his commentary on this was like it ain't cheap to fight a war. Well, no, obviously not especially if you're more than doubling it up. All right, so that's kind of the bigger picture.

Let's get into more of the specifics of what might be causing the market to move today, friday april 25. 29Th. Excuse me: five things to know before the stock market opens tech pressures, wall street pre-market data shows inflation's still high, so we went over inflation, the pce uh and then tech we're going to be getting into the big guys that just reported amazon falls on ugly forecast And slowest growth since dot-com bust, so let's get into amazon amazon shares, fall on bleak forecast and slowest growth since dot-com bust. So really it's the slowest growth that has had - and i believe the metric was just over like i mean well right here - are the slowest.

Since 2001 um, there were some other interesting things going on, because amazon just being amazon's a large company, they actually had quite a loss on rivien, a 7.6 billion dollar loss on the investment in rivieum um, their earnings per share missed. This was a big, miss 738 versus an expectation of 836. The revenue beat 116 billion. The i think golden child right now of amazon is aws.

Their aws is very, very important in the world of tech, and it's just like their cloud business sector. Looking very good - and we saw similar things with like microsoft and google uh cloud computing cloud business offerings very, very strong advertising down. This isn't the end-all be-all, but i just wanted to point out that also youtube advertising missed so we're seeing these big tech plays their advertising sectors are having an issue, but the real issue for amazon was just its core businesses. E-Commerce uh didn't grow like it was right here.

It was the worst that it's been since uh 2001, the worst growth rate, but once again the golden child, aws amazon, web services, amazon's cloud business grows 37, but slows from last quarter. Yeah, okay, did it slow, but it's still looking really really good. Like aws is an impressive, impressive business sector, uh business pillar, i should say: aws - threw off uh 6.52 billion in operating income in the first quarter up almost 57 and higher than the 5.62 billion consensus. Uh but total operating income was 3.67 billion in the quarter, meaning that the overall business would have lost even more money, were it not for the profitable aws.

So once again, when you're looking at amazon, there's many different things to break down similar to apple. But this is what's going on with amazon right now: the core business e-commerce, not looking the best revenue or excuse me, revenue from advertising - also missed, but not the biggest thing. The thing that's doing well is aws the cloud business. It's crushing it, but, as you saw right now in pre-market, am zn yesterday closed at 2891, currently trading below 2600.

It is down by 10.5 percent um. So that's your situation on amazon apple drops after warning of a massive hit due to supply constraints. Now is it good for me that the market's going down - yes, because i got margin called by one of my contracts and i'll, be getting into the details, but i need to get back to break even i need this to follow all the way to here, and That's just for me to break even not like not even talking about making up from the loss yesterday. So okay, i get that, but also even with that, with me being biased in the short term.

I believe what we're seeing in apple really is an overreaction. Apple. Is currently down 1.7 in pre-market, but man, oh man, i really feel like this is an overreaction, because apple is kind of kicking ass. It really is apple's.

Revenue grew nearly nine percent year over year during the quarter that ended in march. But it is down right now and it's all because of this. They think that it might be up to an 8 billion loss because of supply constraints, and we were talking about the upcoming quarter, actually well: yeah q3 uh, the tech giant. This is bullish, authorize a 90 billion dollar buyback, as in they think they're undervalued, so they're gon na buy some back and that's signaling, quite a bit of strength to the public.

So really everything excluding this was pretty strong. Look at this earnings per share 152 versus the estimate of 143, the revenue of 97.3 billion versus 93.4, so they beat on earnings per share. They beat on revenue iphone, crushing it 50.6 billion versus 47.9 billion. Iphones are crushing it crushing it service revenue it's still beat, but like okay, the growth maybe like some people are like okay, like what's going on with this, but overall it was still a beat.

It still beat what the wall like what the street was saying. Other products down a little bit, but obviously by size, not the most impactful uh max, crushing it 10.4 billion versus 9.25 ipads kind of going flat. So that's something they beat on revenue, but like ipad growth and um. Overall, though, like a lot of this, like the tl dr on this, is they crushed it? They really really did i mean even this apple increased its dividend by five percent to 23 cents.

The smartphone business grew five percent during the year yielding more evidence that the current iphone 13 model is selling well like you have to really be nitpicky and right now, that's what we're seeing price in is. People are being nitpicky on this fact. The cfo warned of challenges in the current quarter, including supply constraints that could hurt sales by up to eight billion dollars and we're looking forward to q3 that that might come to fruition. But i just want to point out that apple is obviously a juggernaut.

There's a reason: apple is numero uno when it comes to the biggest companies and even juxtaposition to something such as amazon, amazon, another big company, but wildly different tone and understanding of what's going on. So that's why i actually think it's a little bit dramatic to me - and this is more - i would interpret this as like. Okay, maybe not necessarily an apple issue. This might be a market issue, as in looking at inflation, concerning what the fed's going to do.

More of a macroeconomic situation because, like i said, i think, apple in my humble opinion, remember i'm not a financial advisor, i'm a pico influencer, who has a crazy, crazy eye for the next iteration of fashion. So if you want to share my opinion great, if you think i'm completely wrong, okay cool, i'm gon na sleep the same at night, but i i really do think like apple's kicking ass, there's, there's no two ways about it: they really are kicking ass, um. One thing that we should talk about - and this is important just with apple and obviously they switch over to their own processing chips. Well, the person who was making their processing chips was intel and intel also reported intel beats, but offers disappointing guidance.

So once again we're getting into a situation where what was said is actually like, pretty good like they performed well. But what's throwing a wrench into this situation is really the future looking situation so intc once again, they beat, but they are currently down by 4.6 because they are predict projecting that their growth may be not the best in future quarters. So a little bit of an intel update for you there now, let's talk very quickly about hood robin the hood down 10 pre-market hit an all-time low of what is this uh 8.76, let's get into what's going on with robin and robin hood shares fall nearly 10 As retail brokerage reports shrinking revenue, fewer active users, this i've been on i've been beating the drum of robin hood. What was that interview? I did a while ago when i was like they asked me about it and i was like i have three words: bearish bearish bearish.

That's when robin hood was in the realm of 30 to 40 and ever since then it's done nothing but sell-off um. They lost 45 cents per share when the estimated loss was 36, so they had a wider than expected loss. Its revenue missed the made 299 million. They were expecting 350 6 million uh right here.

Its overall loss was 392, like they basically took 392 million dollars. Put it in a fire douse it in gasoline and through the match and compare that to last year, like i guess, it's an improvement, but they still burned 1.4 billion in all of 2021 robinhood lost 3.69 billion dollars. That's in 2021. Compare that to 2022.

They had a net income of 7 million. The net income went from 7 million to a positive 7 million to a loss of 3.69 billion, and then this year we're not starting off on the best foot for them losing 392. on top of it. If you really get into more of the metrics, it's getting worse and worse and worse, monthly active users declined to 15.9 million down from 17.7 million in the year ago period and 17.3 million in the previous quarter.

So year, like the same quarter. Compared to this one down and then from last quarter compared to this one down, no matter how you slice it it's a bad scenario and on top of that, the revenue that they're making per user so there's less active users and also the money that they're making Per user is getting worse, the company's average revenue per user came in at 53 down from 137 at the year prior and 64 in the previous quarter. Once again, no matter how you slice it it's bad, it is a bad bad, dumpster fire of a situation and we're just talking about the fundamentals like, let's get into the other things that might be impacting him. The company announced in late march.

It had expanded, extended training hours on top of that they're also rolling out crypto wallets. Yes, they have the training of shiba, inu and they've been doing various other things that i think are important to talk about, such as laying off over, like nearly 10 of its workforce. Nine point, whatever percent. So, even if we're not looking at the fact that their operating expenses are predicted to go up, if we look at what's happening from more of a let's just say a brand image.

Obviously, a lot of you know that you just don't trust robinhood, which for good reason, uh. They have the symbolism of their name, the mythological story of robin hood, stealing from the rich giving to the poor. But in that story, there's the sheriff of nottingham, who it very much seems like robin hood - is becoming that symbol more than robin hood himself. So fundamentally, as i just laid out, it's a dumpster firebase situation, but pr wise, uh brand trustwise uh, just really the client's opinions of it, and i think you could see that in the fact that the monthly active users are going down like yeah.

I have less people in terms of retail, been trading as the world is returning to the new normal. Yes, i think that's to be expected, but i don't think they're ever really going to end up bouncing back just because no one trusts them. For example, right here uh, we know they got rid of their workforce. Nine percent - that's not good, tells me that they know something's not going on.

They were too late to the game with shiba inu a couple quarters late, so that didn't really help out the company announced in late march that has expanded extended trading hours. So it's doing that in the hopes that more people can trade. So it can make more money off of payment for order flow, but think about this robinhood that symbol of stealing from the rich, giving to the poor kind of protecting people who might need help protecting from people with more power, more wealth. That type of a thing.

So their ideas hang on. Let's do this, but what's crazy about it is you're not really you're less protected in extended trading hours. So even with that concept like to me, it's very very strange that they're, like we're gon na help our own company we're gon na. Try to save our own company by offering a service that is actually worse for our clientele to use it's such a backwards thing, so just the direction of it.

I don't buy that and then, when you get into the actual fundamentals and the numbers like the hardcore quantitative things, it's a dumpster fire. That's the best way to explain the situation in robin hood. Uh is just not good. The tldr on that is it's not good.

Speaking of things that are not good in a dumpster fire, sec alleges arcagos bill wong used 160 billion in leverage to own as much as 70 of a single company. These are the seven biggest stakes he controlled. Remember. He did this through the derivatives market as soon as he got up to five percent, because after that you have to report it like there's a special report.

He would run up to five percent in share ownership, and then you would get more exposure through a derivatives referred to as swaps. You might have heard of swaps before that's exactly what in the movie the big short um, the michael bury like christian bales character. Was he like? He went to all the banks and he's like make me this market? He got swaps on the housing market that would pay if the housing market crashed and no one ever wanted to do that before and that's why he had to get like them to offer him the deal but same type of derivative through swaps uh, this hedge fund, Archagos, which went from 1.5 all the way up to 35 billion in a year. Basically, because banks didn't really seem to care about margin, they weren't talking to other banks.

They just had way too much exposure and it works until it doesn't, and then things blow up. But the ones that he was in uh gsx, they had 70 and at one point 8.5 billion dollars, and now it's come down: 98 discovery class, a uh, 60 7.5 billion dollars down 69 iq down 84.4 uh on a 6.3 billion dollar position. Uh. We could talk about paramount 28.6 billion down 56 tencent music uh tme 10 billion down almost 81 percent uh.

We have vips 7.6 billion down 78 and shopify 1.9 billion down 61, as you can see just another dumpster fire of the situation that maybe, if banks weren't what i guess so greedy and if regulators were maybe a little bit more on the ball, we wouldn't have Seen such a multi-billion dollar sell-off for the fund itself, it also cost two big banks. The main one in the news was credit, suisse cost them billions of dollars, and if you didn't catch, my like full video breaking this situation down, one of the coolest absolute coolest things about this story is the way that they avoided margin calls is, basically they just Didn't pick up their phone like credit suites would reach out to him they're like hey. We need to talk about this, like our margin, parameters are getting overrun and then the hedge fund would reach back out and they're like oh yeah. We didn't check what you sent yet like i'll, get back to your email.

They literally just like avoided picking up their phone like to avoid a margin. Call. They literally just lit the phone ring. Uh genius genius.

Genius genius tactic, love it love it love it love. It all right, that's your basic breakdown for the day. Just so you know amc and jimmy the metrics have not changed. They have not changed now, really in like three weeks: uh 18.9 on amc and 21.5 percent on gme jimmy's, going back up a little bit, but overall in the past month there really has not been a change in the underlying data set for amc or gme.

The bell's about to go ding any ding, ding ding. In less than seven minutes. We have six and a half minutes. So here's the situation, folks, folks, folks, folks um! Ah, do i want to blame you.

I guess i should probably blame myself, but that just seems like not fun. So here's the dealio here is the dealio um. Here's what happened yesterday. We were having a good old time.

Let me zoom out, so we could see what happened and we were crushing it. You guys went two for two we're making money. You guys were nine out of nine in three days of training. It was.

It was a good old. It was a good old time. We we were all laughing like have. We were getting ready for the weekend.

You crushed um the morning trade and then you crushed the trade right around 9, 45., so the 9 30 and the 9 45 trade. I think you guys hit them both within like sub one minute sub two minutes, and then we voted to go short, and this is where i realized we broke our rules. I doubled up because you guys were confident and i went against it and at one point we were up like two grand like we at 9 52, we doubled up, took the short position, and this is where, if i'm being realistic, it was probably my fault. We didn't have a goal and i feel, like the profit targets have to be set beforehand, so the trade is super well defined.

Instead, it went up a little bit, then down then back up, and then we were up serious money and we probably should have captured profits, especially where some people were telling me to and then one of the most insane things happened. As you can see, we did not cover the position; instead, the one of the most ridiculous buy programs ever started, ripping ripping ripping ripping ripping. So i was down serious money because we doubled up on the position and then right as the market was going to close uh, we got margin called on one of the two contracts, so one of them got covered at. I wrote down how big of a loss.

It was 31 points um, which is basically 1 500 just over 1. 500. It's 1 50. Let me write that down and yesterday so minus one thousand five hundred fifty dollars.

Yesterday we made uh a hundred and eighty five. So whatever the difference is there uh? I don't know roughly what 1 375 was like the net loss on the yesterday yesterday. So here's the name of the game, uh we're still in one of those positions like i said we doubled it up. I got margin called on one of them and now we're still in one we're still in one we're still in one we're still in one.

So for this to get back to where it needs to be the s p. 500 right here we got in, i marked it out at this level. 4202.75, that's back to break even on the initial contract and then obviously, if we want to make that money back, we had lost 31 points. So really what we need is 31 points.

So we are gon na be roughly in that realm just above 4170. This is the point where we're back to like the trading high of where we've been um, so i just want to have the levels marked out and i honestly don't even know if it will or won't. Let me double down, i guess i'll have to find out at market open, um we'll find out, or we can put it to a vote. Really it's going to be up to you guys.

So i want to see how this all goes out, but i wanted to let you know we still have a position against the s. P 500, but it's not one contract because we had to one of them got margin called. It was this whole thing and i'm gon na blame it on you, even though it's like kind of obvious that uh, i don't think i had the rules of that third spin well enough defined and i think that's what led to like the current position that we're In so this is for week, one i think we're doing good. I really do like we're just working out the kinks of our hive mind training system, but i think going forward.

That's the name of the game is we need to define the exit before we all get in and then like the rules of the game whatever it is, we have to find it. So we don't have this like kind of like i don't know, undefined training um. So i think lesson learned there lesson lesson learned now so now that we know how this is all gon na go this morning, if you haven't already hey, don't forget to uh hit that like button, let's jack this up to over a thousand before that, bell goes Ding and ding ding ding we're about halfway there, so if you haven't done it destroy that like button also join up with the moon gang by hitting the subscribe button subscribe on, rumble subscribe on, youtube liking, subscribing 100 free. It helps out with the algorithm and um the reason i guess, i'm speaking more seriously about it.

Right now is obviously, as of recent, not just me, but a lot of finance creators. Almost all finance creators that i personally speak with it's just youtube is just not serving it to people anymore. It's becoming very, very difficult to break out into new people, so i would kindly ask of you if you enjoy this type of stuff. If you want to engage in the chat and all that just hit the subscribe button, it doesn't cost you a single set um.

I appreciate all of you and, with that in mind, um, if there's any questions, we went over the numbers for basically amazon intel apple amc, gme. We talked about robinhood i'll, let you guys know where we're actually live in the position, still uh. Looking for that thing to come back down, which who knows, let's see if it happens, uh so when i get margin called delete the app and change my phone number? That's one way to do it brennan one way to do it, uh check out: u v x y: u v, x y is gon na move inversely to the spy. So if the spy comes down u v x y will pop be careful with ones that expire.

Today, though, because data is very much working against you uh, let's do amz amazon, all right, cool cool, we're dropping to the one minute chart there we go there. We go, let's get going, i'm ready, i'm ready, i'm ready all right. This opening bro bell is brought to you by the espresso industry. Get your espresso.

Now the casino is open. Uh matt, it sounds like you lost our money. That's one way. To put it.

I guess technically, if you want to get super technical about it um now i do have a poll question for all of you for the entire day spy. Basically, what i want to know is the s p. 500. This thing from opening we just opened right here at 423.60.

Do you think we are going green from there or do you think we are going red from here from the opening value to when the bell goes, ding ding, ding ding at the end of the day, do you think we're going green or do you think we're Going red um just posted that poll and if you are in rumble just comment it in mikey p. That's what i'm talking to you about. Just you guys can comment it in over there, red or green. I need to know, i need to know uh.

All of you guys should vote and while we're doing it, let's play a little bit of music because it is a music friday we hungry and i eat crayons every day with my friends, i think about kenny in his ivory tower shaking in his lily bones. As the eggs overpower stop breaking the law is, give us the fucking money, throwing all my money at the streets like a quarterback. If you don't mean a thing: water up, the dustback aids not leave or not. Until we get the money stacks monkey monkey dude monkey holding two with blue monkey magic coming through us monkeys on the moon, double digit, iq 10, 11 bamboo, my sister's here my brothers, the fighters and the lovers.

We don't need another fan because we huddled through hard times. Why is it all running all right? Well, the market opened the first two minutes were red, but now things are pushing, i mean even hood, which was down. 10 is now green on the day. Uh amazon still down 10, that has quite a bit of ways to go apple, pushing matt quartz.

This is going to be a massive rug. Pull i mean time will tell i guess, i'm just trying to figure out if it's appropriate to false breakout. I call a fake out. Some people are calling for fake outs here that this push ain't, nothing special and it's gon na turn it's gon na turn.

Maybe maybe maybe maybe let's see what the vote says end poll so over on rumble, i would say it was definitely leaning a bit more red. There was. There was a little optimism, but most people were calling for red for sure and then on youtube, also red but close uh 51. So looking for red man, oh man, oh man, look at that bounce right off of support, support, support, support, um.

This is an important level 4250 in terms of resistance. I'd be interested to see if it could break and hold above that, if it does, there might be a a bounce back around. Oh man, man, oh man, oh man. I just need to figure out if we should double down for the day double down for the day, double down double down double down.

Yes, no, maybe so! Yes, no, maybe so! Yes, no, maybe so! Yes, no, maybe so uh patience, patience, patience, patience is going to be key on this one. Let's see, what's how it's really going to shake out we're only six minutes into the day. Only six minutes in, but let's see, if you guys, are right with just this kind of being uh the old fake pump, the old fake pump. Well, i did it all right, we did it, we did it, we did it, we did it.

This is more of a. I saw some of you, i'm looking just for a crazy friday, so this one. Let's keep this in mind - we're going to be very specific about this, so so 46 25 was the entry 46.25 was the entry 46.25. Remember that write that down 4625 was the entry 46.

25. 46. Why can't i move my there? We go okay. So how many points was it yesterday? 31? So that means to just undo yesterday's debacle.

We need to go down to what would that be 15 right here. That's the target, this just undoes one like basically the locked-in loss from yesterday um and the reason why i chose to do this just to be like i guess, a little bit more serious about the situation is okay, so i know there was a gap in the Futures market here and overall it's been kind of between this level of 4250 and 60.. To me, this is in a very important range right now this 10-point range uh, i think, acts as resistance. So basically, if it breaks above it i'll cut both loose very very quickly and then we'll just go back to like the typical votes of like up or down and try to capture the 100 points till we make it back.

But with this being a clear shelf of resistance, like a very obvious shelf, that they tried to get it above and it came back below they tried to get. Above again, we had a lower high overall. This is more of like a technical read that if i see it above it, okay, it's smaller-esque risk. It would have been nice to get the fill in here, but you're not gon na always hit everything.

So i'm watching this, but i just see a shoulder. A head, a shoulder, i'm watching this region and the first capture would be at 4215.. So that's personally what the current deal is and we'll watch this all play out. Maybe we'll get a little lucky or maybe we'll get a little unlucky time will tell time will tell time will tell and actually uh.

I just want to double check all of that, just to make sure my math was right where in the world, i just want to double check my math. Sometimes it's just hard it covered at 64.. Oh wait! Why is my math so off? No, my math is way off folks way off what my brain's breaking down all right. We have to redo this one 64..

Oh i figured out. I figured out what's going on, okay, no, we were off a radar radar rate and the error in the math was not 31 points. It was 61 points, 60, 60, 60 60, which means that we need to go another 15.. So basically there now we fixed it.

Now we fixed it we're back on track team everyone, if you're rooting for something you should be rooting for the s p 500 to go to. Basically, here that's that's the game plan and not here uh bad gdp equals less hawkish equals fed equals green, yes, but also remember not only the gdp report, but also on top of that we got a nor another. The pce uh, the consumer expenditure like personal consumer expenditure, uh, which came in higher, so inflation is high. So there's a couple big macroeconomic reports coming in and we'll see which the market chooses to think is more important.

Are you surprised, apecoin hasn't taken off more in the last 12 hours, it's getting tons of coverage and seems like an obvious play, but the momentum isn't there at the moment, um it. In my opinion, apecoin's gone crazy. Now, um there are some people who refuse to like do a 30. Second, google search apecoin has literally absolutely nothing to do with amc or gme or any equity.

Yes, there is that other one that like tamc, like the i don't even know what that is, but they were trying to connect it to amc and jimmy to me that entire situation looks like a complete rug. If i'm being honest, apecoin has nothing to do with amc, gme or any equity. This has everything to do with board ape yacht club bayc, one of the most successful nft projects out there like the ones that celebrities were buying for millions and millions of dollars. This is the currency for that ecosystem.

They are rolling out with their own metaverse called other side tomorrow, and people are going to start buying land and the de facto currency, for it is apecoin. Now i've seen some people and this really shows how people get into echo chambers. This ape concept is far more than just amc and gme. It's more of this um.

Yes, like maybe you could argue, it's come out of reddit, but it's just this concept of like dumb money and we're gon na do what we want and it's way more than just equities. I want to be very, very explicitly clear about all of that. The amc genie community does not really own the moniker ape. Are there apes yeah? I would say it's the ape community, but it's not.

The only ape community is what i'm trying to say. This is a different ape community that is large and it's it's a large community within the nft space uh, it's pretty well respected. So i just want to like clear up the differences that this is very different than hang on. Let me find the other one for you uh this one uh, the apes movement community announces the official debut of the amc token.

What's it called the amc token tamc? This is wildly different than this wade. This is, in my opinion, like a rug project that they're trying to associate with amc and they have no good solid plan. I think it's bullshit. I think this is a scam.

I think this is like a whole shill effort, like i don't like this whatsoever. Once again, that's tamc the amc, token very, very different that one's obviously related to amc. They try to connect it to gme, it's a big big mess, but it has nothing to do with apecoin, which is connected to board api club, one of the most successful nft projects. They are doing a metaverse land sale tomorrow, saturday april 30th, uh just so we're all on the same page there.

So this one, i feel confident, is a just a like a thousand x gem, but then they're also trying to connect it to like. Let's uncover the like illegal illicit shares is like an attempt like to me. It's just like a really messy effort, and i don't think they know what they're doing, but overall for acorn. Coming back to your core question, am i um? Are you surprised that apecoin hasn't taken off more than the last 12 hours? No, i mean i'm looking at where it's been in the past couple days past couple weeks, it's up over a hundred percent.

That's very, very impressive to me now with this one. I do want to warn people. Do i think this is worthwhile to chase i don't. It could very well become a buy.

The rumor sell the new sing with the news being tomorrow, so the actual land sale, so i'm never a fan of chasing. But in this particular scenario, not only is it chasing from a technical standpoint, but it also might turn into a buy the rumor sell. The news type of a thing so just be careful, i'm comfortable with my position because i got in below 14, so i'm up a hefty hefty percentage gain. But if you don't already have a low position, don't chase, it's never a good thing to chase uh matt bro what happened with waiting 15 minutes huh, stop breaking your own rules.

You're gon na hurt yourself um, that's still a rule, but in this one remember like i executed this on the futures market and the futures market actually opened at 6 pm last night. The futures market doesn't open at 9 30 like the equities market. So, a little bit of a different thesis, i get what you're saying of like okay, the main equities market opened up at 9 30, but also like i just thought it was a good time like we saw the pump and just kind of getting in right around Here or whatever the value was, i was like: okay. If it falls down um.

If i had waited until now, i would have missed out on a little bit and of course it could pump and i could get my face ripped off, but i just saw some technical weakness. Apples bending back over amazon is continuing down um. I guess there was just like a couple things that i saw and me having a bearish bias with the inflation report, with the missed by amazon, with the perceived issues in apple for the upcoming corners uh. I just wanted to get in because i uh, as we can see, don't have enough money in the account to go swing it overnight.

I can exclusively day trade um. I can only swing one contract and right now we have two contracts and i'm just trying to quickly make up the money that was lost from yesterday i mean: is it a risk? Of course it's a risk. This could settle and balance and rip my face off. 100, but i don't know, i guess it's a - i think the edge is in my favor and we are currently trading at uh, wait a minute that doesn't make sense that doesn't make sense and so final thing on apecoin, and we could talk about it more in The crypto stream has nothing to do with any equities, has nothing to do with um amc, gme whatsoever, no equities, all right, let's clean this up a little bit, so this top.

So i explained this concept of like this is the resistance that i'm just looking for to stay below um. This is the entry from this morning, 4264, 25 and then from yesterday 4200 into 75.. These are the two entries so obviously uh. I would love for this to come back down, love for it to come back down.

Why are we rooting for blood people are dying uh? I think they're rooting for blood in the market, not no one's rooting for people to die. Michael. Is that a serious comment? You think people are rooting for other people to die, that you have to be joking right like that, has to not be real um, big cricket. I mean, i think, just given time.

It's going to be on rumble continue to grow as a hub. How are my veru puts doing? I don't know i haven't checked in on veru, i'm still holding the position um okay virus coming down, but once again for this to really become anything special for me, i need it to drop below 10., so i still have about two dollars to go before some Of the excitement maybe returns to varu, as in volatility, apple's picking back up amazon's going down the s, p 500 doesn't know which way to go intc picking up a little bit. How are the queues? Looking cues um kind of a mess right now, because we have some big players going up. Some big players going down a mixed bag scenario.

Apple actually just went back green on the day. Hey matt want to hear a joke. Iv crush what is going on there. Spy, what you doing there spy! Ah, this other way, poor fever other way, let's go down! No, no, no, no, no! No, no, no other way down down down wrong way.

Things are turning rut, row! What's going on in the options market? Okay, a spy call 77 days out spy, put put five days out uh. We have some calls an arc put 21 days out: amazon call 49 days at 1.4 million, a spy put for 77 days out 2.83 million a spy put for today. Looking for 422 300 000., once again that one expires today, iwm put for today, 183 000., amazon put for today, 2550 1.37 million and amazon put for today, 1.33 million once again, 2550 could be the same player right there, which would bring their total bet to over 2.6 million um once again amazon, today 2550, they got in the money or i guess, depending on the time like you just have to that - was pretty much at the money. Uh amazon call call 21 days out 49 days out so a little bit longer.

So out of the ones that are zero days, all the zero day ones i'm seeing are bearish, i'm not seeing any zero day ones that are bullish. Five days out, uh facebook call for seven days out 141 they're looking at 215.. Where is facebook at these days? Trading at 211., uh matt watch apple, not the spy. I honestly think spy will rip.

I mean apple's looking stronger, but that's i guess fair. Remember. Apple is a player within the spy, it's the biggest player within the spy, but then there's other ones too, such as amazon. So that's why the spy isn't looking the exact same as apple apple is on a relative basis, most likely going to be stronger just because i don't think its earnings were that bad.

But on the flip side, the spy has exposure to apple amazon, uh many other players as well, and so with amazon coming down, that's gon na hurt it with facebook going up. That's gon na help it with tesla going up that will help it like. You have to remember that the spy is a basket of 500 different equities. Netflix rebounding.

I mean it's over 200. It's still intraday it's doing, okay, but it's still getting like slaughtered. People are still talking about redbox, rdbx uh. This to me like just to be very clear once again, this might be a short term push, but there's no way as soon as this turns and looks a little bit red, i would be taking my money.

It's up a crazy percentage right now up 38, but i don't know how to be more clear about this. This i strongly believe, will end. I think this could push and then i think it's gon na turn don't be caught being a bag holder on this one. Do not get greedy.

I don't think this push is going to be something that like it brings it all the way up, and then it just stays at that level. It'll push till whenever, when the trend's over, when it looks like that arcing ball do not be greedy, amc, it's up, two percent um, so i'll. Take that, obviously we had a big bullish push. Then we had a big bearish sell-off.

So it's really, since the start of the year, it's kind of gone. Nowhere like we had like, if you just get rid of this spike, it's kind of just flat, uh, lower volume, lower volatility. The average volume over the past 10 days has now been 26 million. We've only traded 3 million 30 minutes into the market.

We used to trade like 10 million in minute one so right now we're just in a low volume, low volatility phase. So hopefully it's just basing here and getting a push again. I wouldn't i'm still watching this trend line. Uh, so green on the day will take any green day.

A lot of little green days definitely add up um gme selling off not as much percentage-wise as amc did. We did get a gap-fill on gme yesterday. We have support around 125. we'd love to see a base and a push above 150 to just put in a higher low and break this pattern of lower highs, all right.

What is going on amazon still looking heavy amazon i'd just be watching the key psychological level at 2500 flat right there, 2500 is what i would. I have no amazon position, but that's what i would be watching there apple, it's showing some strength. Apple strength is definitely going to be helping the spy, which is not a good situation for me. Uh, netflix surprisingly, had a push the queues a little, actually kind of showing some strength, no doubt because of the likes of apple facebook, yeah, amazon, kind of bringing it down.

But there's enough remember it's the total aggregate of this movement and more so at least at this point are green uh people are calling out that tesla's moving, that's probably also helping it tesla up five percent, oh man! This is not going well team, not going well. Oh decisions, decisions decisions: where are we going today in the market in the market? All right? Well, we're now pretty much at the second one that i added. Oh man, now we're just a little bit above it. No, no! No! No, stop stop it.

He stop stop. Spop, i'm seeing in fact the only real red i'm seeing oh microsoft's in the red for some odd reason: huh uh, but i'm seeing some bullishness. I mean there's quite a bit of green, quite a bit of green. Let's check out finn biz! Well, things are pushing.

I guess it's more or so, of a gap down amazon, getting murked, tesla, green consumer defense in the red, facebook and the green. So this is giving us a little bit of a different depiction of what's going on and i think it's more intel in the red are semiconductors getting drug down all right. You need to chill out there s p 500. You need to chill out there s p.

500, how are semiconductors doing nvidia up micron up amd up? Oh all, right. A lot of things had that gap down, but there are quite a few of them, are fighting back and are now officially green on the day. Man, oh man, oh man, oh man, apple! Where are we going today? It's just showing so much strength, and now i'm just having like flashbacks to yesterday to the spy where it's like. Okay, what we saw on the spy yesterday hyper abnormal generally like when i was watching this play out, it was pushing.

I was like okay like it has to take a turn, a breather, and it just didn't like it. That kind of shows you that it doesn't have to yeah. We got some bearish divergence, but it kept pushing and pushing even though the momentum was slowing down, it just showed so much strength all the way up until the last 30 minutes of the day. So is this abnormal yes, but clearly it's still possible and now then it's like okay.

Is this going to turn into it again? Are we just going to push even though all the technicals are blown out, or is it going to be more in line with? Let's say common odds of like it pushes it takes a healthier reversion, or is it just going to be another like face ripping type of a day i mean i don't think redbox is a crazy squeeze play. You can call it what you want, but that doesn't make you right. What's it rdbz rdbz? Is that the ticker? What's red boxes, red box, rdbx excuse me we can look at its metrics rdbx uh it yeah 50 cost borrow's high utilization's 100 uh. It's on the threshold list, uh it definitely that's what i'm saying like i'm, not saying it's not gon na move.

I think it could move like a crazy amount. I just don't think whatever its move is going to be. I don't think it will ever be sustained. Um, but also coming back to your question, this isn't like a squeeze channel.

I i don't like going around and hunting for the next squeeze, i'm in amc and gme, because i like what they represent: a fight for a more fair and transparent market um and certain squeeze plays interest me, but like redbox, i'm late to the party, why would I chase it i mean rdbx, if you're not already in it, you're late, you're, very, very late, like the time to get in most recently was over the past like two and a half days in here uh. But why would i chase something? That's up 36, if you're in it. I want you to make money and i i would be of the opinion, ride the trend i wouldn't be like. Okay, it has to go to this price target.

I think that's when things can get incredibly incredibly dangerous. If you think it has to go to this value ride the trend ride the trend if the momentum dies lock in your profits, move on to the next play, but for me i was late to it, so i'm not going to throw money at it. Uh may 4th, or what are your thoughts on amc's or it was? May i thought this was may 6th amc earnings call um we've seen that recently, the earnings call for amc has not really been uh yeah. No there's no earnings call for amc.

I don't know where you're getting that, but i don't think it's on may 4th the they just had one in march april may june. Their next one will be in june yeah. No, no! Okay! It's not may 4th that's the fed meeting, which is very important. All right, let's see how this is gon na, go all right, so we were pretty much at the top of that region, uh that i was talking about and if it holds above it i just i'll have to cut it loose.

There's really no way. I can get around that that, like kind of bridge, i showed you to 4250 to 60. We just popped above it if it holds above it i'll just have to cut it loose. I just don't have an option because the odds of it wanting to push higher, at least to this trend to 4280, that the risk is just too high.

So if it holds above i'll have to cut it and then we'll be flat and then we'll go back to like okay, like how can we extract some points here and there, but this is what we're watching very, very closely apple, just showing so much strength up. 1.5, nice recovery uh, let's throw up rdbx, i mean it's on the threshold list, high cost to borrow high short interest high utilization. It definitely has the capability to go. I just you have to be quick with your decisions here.

Um. If you see weakness, i don't think anyone should chase it. I don't think buying something when it's already up 36 is a smart move, but it's it's your money, do what you want with. It also be happy with the 10 to 20 gain no home runs.

I have sold at 30, but not greedy, all boogie, crushing it man you've been on quite the tear lately. Congratulations! Dear new option: traders. Yesterday i was up over 30 on a tesla put and held the trend change. I lost over 700, cut the loss and played the upside and made 650 back and saved.

My p l follow trends. That is like really the name of the game. I think. Sometimes it i'm not going to say you should never ever have price targets, but when you're having like especially high volatility type stuff, especially in the events of like a squeeze following the trend, i believe, is way way more logical way way more profitable than like.

Okay, i think it could just go to this value. So if you're looking at amc, gme redbox i've said this like ad nauseum price targets are the silliest thing. It blew my mind that people are still trying to do price targets for amc and jimmy saying it could go to this value. It could go to that value.

Those folks are wrong. No one like there are people who think that they've like figured out the math of it and they're like no, the math explains this. It doesn't explain it, it really really. Does it and the most simple way i can put that is when you're talking about price targets, you're talking about different forms of buying pressure, it's all buying pressure, but let's bucket it into three things.

Yes, you have shorts covering and there's some mathematical modeling.