I've wrapped my then i'll find me a chick. I could make my in motion. There's a 16 bath in the dark of the ocean flow penetrates. He goes with the darker the broken.

Meanwhile, in hell, smoking won't. Let me get my roaches been promoting a green and a pure disturb and please get vex and they swear. They words on get drenched in venom. My in motion there's a 16 bath in the dark of the ocean flow penetrates.

He goes with. A dog could have broken. Meanwhile, in hell smoking won't. Let me get my roach been promoting a green and a pure disturb and p's get vex and they swear they words on daytime.

Like boy don't test me now i mean it boy, don't mess me man, power raps are too much pesky flex like messi, then get kicked off your jet ski always want to chat about that shot to be walking. My chat about savage venom. What is going on? Welcome welcome welcome, let's talk about what's going on in the stonk market and on this one we're also going to be talking a little bit about the crypto market for today, monday february, 7th uh. When an interesting, i guess set of a development set.

We really have so here's what i want to do. I want to give everyone a prize to the current show and interest in the spy, the qs and the russell we'll take a quick look at amc and jimi. Literally as i was waiting for that intro to end. We saw that d-wack potentially getting rugged, so we're gon na be whoa.

Actually it just keeps on going down, so we're gon na be taking a look at that and then really what i want to dive into is kind of the insanity that we're seeing right now. Not only in the crypto sphere, but i really specifically want to dive into what's going on with shiba inu. So i have some developments there and then, when we get that all wrapped up, i'm going to turn it over to all of you and if you have any questions about short interest terminology options, questions or if you just want good old-fashioned chart review that time will Be perfectly for you in all reality, that's like my favorite thing to do are the question parts because it gives me a sense of where everyone's at and what we should be talking about more what we should be talking about less uh, but that's going to be Kind of the setup for this like afternoon here, but really really want to dive into just kind of the ridiculous gains we're currently seeing in the dogecoin killer. All right, let's switch this up.

All right, don't forget, sign up for public non-payment for order flow, just public.com, uh, slash mac course. It's in the description of the video, no market makers, no payment for order flow. There is no reason to be on weeble, there's no reason to be on robinhood. We know payment for order flow is detrimental to retail traders and it really increases the fragility of the overall market.

It's free to sign up. In fact, they'll pay you to get going up to 70 of free stock, and on top of it you can see what i'm in you can see that i'm holding him. So you can see i'm holding gme. You can see i'm holding course here and you can see i am holding prog check it out easy peasy, lemon squeezies, very quick check.

This is what i'm talking about about the rug pull on d-wack right here uh. It went all the way up to 97 12-ish and then just like literally as we're talking right now, just got its teeth kicked in um. Overall, i mean it's still green on the day, even with this, like quick, 10 dump, so that just shows you how much it was up. There had to be some sort of development, or maybe some bigger person, just like completely got out but kind of some crazy, crazy action that we're seeing there uh the spy currently training at 4 49.

So had a very nice rally all afternoon kind of coming off. Right now, amc uh currently down two point: five percent and jimmy down point two: two um, so amc training, just a hair below 15 and jimmy trading at 102. um, both of them i mean really. The overall market had a pretty exciting morning kind of came down and, like some things rallied other things, just kind of quiet into close, really, weird action and the thing that's moving right now, at least in the equities market is dewak and i guess uh phun fun.

Where um, like kind of related to this play, but overall crypto, is ripping higher, look at btc we're coming from 37, 36 and 0.5 all the way up to 44 000. east, going from 2600 to 3200 axi infinity exploding 48 to 70. um early this morning. If you checked it out, we were talking about how i made a standalone video of this nft like play to earn game.

You got to check that video out very, very interesting, hey. If you don't want to invest, you can get it from playing the game. Uh gala doing well stan doing well, mana doing well a lot of crypto doing well, but you know what's doing exceptionally well, shout out to the the sheep army right here i mean seriously you guys right here, let's check out sheeb usd check this out trading at 3253 exploding off of roughly 22 roughly give or take at this moment in time. Ever since what feb 6, we are up almost 45.

This is ripping ripping ripping. This is kind of showing me um. What one of the main lessons we've learned over the past year is you can't really bet against communities, because you never know when they're gon na like rear up their head and just rip apart some of the shorts? She, if you were able to diamond hand it coming off of its all-time high seriously, like let's see if this keeps going, i'm right there with you. I still have all of my sheep in fact uh a couple months ago, i even added more to my position when things were getting very, very exciting, so i'm ready for this to rip rip rip now what i want to dive into before we get into some Of the other specifics here is really like what what's going on with this i mean yeah.

We get that all of crypto is green, but why is like shebe so much more green? Well, you got ta check this out. Bitcoin notch's longest rally since september gbe new jump so once again making headlines bitcoin moves above 44, 000 and chibi inu leaves a surge in meme tokens. I mean even the motley fool had to like. Really, i guess, pay a little bit of attention to how crazy the dogecoin killer is going.

It's happening again. Shiva inu goes parabolic shooting 38 higher. Today you know i get it. Bloomberg has to talk about it.

You have barons, they have to talk about it. Motley fool, but you know something: crazy has happened when our boy elon musk, so it's finally come to this. This is absolutely hilarious and then, at the top, instead of simba we have ushiba inu. So yes, obviously there's an overall bounce in the crypto sector.

So it's like kind of equivalent to like the s p 500 headwinds tailwinds when you see all of crypto bouncing it's easier for, like the individual ones to bounce, but on top of it there are some interesting developments that just came out shape e new partners with Italian fast food restaurant to launch a sheep themed joint, so the shiba inu team actually chose this um restaurant. As of now there's one of them. It's like a higher quality, fast food type deal in naples, italy um, the name of it is wellies of because they were looking for someone who shares the same values, which i i definitely respect, that they refrain from partnering, with huge, centralized conglomerations that are con agriculture And known for selling food that is harmful, subpar and possibly poisonous welly still has a single store in naples, italy. The company aims to open multiple new ones in the next few years.

The partnership with shiba inu should help both sides expand rapidly on a global scale. So that's the development and there was another piece of so you have overall cryptos bouncing. Yes, there's a partnership, and just so you know there's another one who burned over 200 million sheep, so obviously as supply goes down, demand stays the same or goes up. Naturally, the price that equilibrium between supply and demand will continue to go up, as i was looking more into the story at first, maybe you're thinking it of like.

Oh well, okay, um. What what's the actual deal here? Did they just pay to get like the like cartoon, shady new, all over? In fact, it's actually like a true through and through business partnership, which i thought was actually very very exciting. Each of the elements that make up our econ system, as in the sheba like the sheep ecosystem, have unique value propositions to a business that is looking to revamp current practices and make lasting impact on their industry. In essence, sheep is a method of payment in store and potentially doge.

I like doge2, elon ha, but shebe is also burnt through the shiburium transactions and other burns to be revealed and then there's the constant use of bone in the shiburium. Let's not forget that leash and shiboshi holders will get exclusive access to perks, discounts and rewards. Finally, for a project like wellies shebarium is the perfect way to track the food that you put into your body. Also, your peace of mind and well-being can be found with every bite.

Moreover, specifically within the wellies business model, the sheep community can take part in the deployment of new stores through making choices in the doggy dow, which i love, purchasing, nfts for exclusive benefits or just enjoying good food and sharing our vision with those who still think we Are just a meme so before i get into more of like my in-depth thoughts of this, i just want to show you how good this food actually looks like i, i get that it's considered quote-unquote fast food, but when they say they're trying to make higher quality Fast food they are not kidding around. This looks absolutely amazing anyway. My true overall thoughts right now on this partnership and cheap. So i get it crypto's ripping right now and we're even seeing the market a little bit of some relief there in the overall equities market.

So money's, like pouring back in to kind of like these risk on assets like higher risk higher growth, which is awesome, that's obviously going to benefit some meme as mainstream media, would call it equities. Some mean coins once again as mainstream media would call it but more specific to this partnership. Hey i get it one deal with one high quality, fast food restaurant chain: that's not going to be the thing that, like completely causes it to rip to a new all-time high, but look at it this way, whenever you're building out an ecosystem whenever you're building out A business foundation it takes time in a long journey. You got ta start with one step and that's how exactly how i view this.

This is one step in a very positive direction, hopefully leading to an overall, very positive journey. So right here we know it's one, but between the doggy, dow and people being able to vote and really seeing the positive reaction to this. It might lead to two which could lead to four and then eight and then 16 and 32. You just never know where it's going to go and hey it's a positive step, and to get more of like a positive reaction overall of like where this could go in a couple months in a couple years, you got ta start somewhere and that's exactly how i View this i view this as just like a reasonable starting point, and hopefully it can catch fire and do even better.

Now, let's take a little bit at like a look at the price action. Obviously we had this explosion at one point, all the way up to 89 and since then, we've been seeing lower highs and lower lows, and that's what's so exciting, at least from a technical perspective. Right now is we're hopefully getting this technical breakout above 33.. Yes, it's on the north side of the keltner, so it's like, maybe potentially a mean reversion.

The technicals are a little hot right now, but i would love to see the run-up and test of 40.. It is the high from basically right around christmas, the end of 2021, if we can break and hold above that, i think this thing keeps cruising hey and once again, similar to the overall journey for the ecosystem, same thing for the chart for this to get back Up here, slow and steady wins the race look for that natural ebb and flow. Look for the push, the consolidation for the technicals to cool off the next push. Once again, let the technicals cool off overall, with continuous, positive developments like this and also with the overall crypto sector.

Look for that to continue to do well - and i talked about this a little bit before, but really, i think in the short term. It's going to continue to do well because the amount of ads that were purchased for the super bowl that relate to crypto is an immense amount. So i think there's other people who are just going to get overall, more and more interested, so short term, medium term. Long term, hey has potential more than excited to see how this does play out.

I'm betting on it myself just be completely transparent. Yes, i own cheap. I would love for this to rip higher and higher and higher. Now this is the type of content that we get into far more detail on the crypto course channel.

So if you like sheeb, if you like, crypto, if you like, nfts metaverse anything really related to the world of blockchains and crypto smart contracts, all that stuff, you got to check out the crypto course channels. We have live streams. We have vods we're going to be doing some interviews, so if you're, a crypto fan a crypto fanatic and if you're just trying to learn a little bit more about crypto, i do recommend checking that out i'll make sure to have the link in the description below Um, so that's what's going on with shebe, exciting, exciting stuff, i hope you were able to diamond hand it, and i hope you have that big old smile on your face right now. Our things are finally stepping back, but also to be fair, not just in sheep.

We're seeing an explosion in crypt, i mean look at all the green look at all that green. It's a beauty! It's a beaut, all right! That's what i have for you in crypto right now. Now, let's talk a little bit about the stonk market, the smp 500 current estimated short interest of 35, almost 36, the qs, the nasdaq we're actually seeing a decline in the short interest against the qqq, the nasdaq 100 now down to sub 20 at 19.3, and we're Actually, seeing an increase in the bet against small cap stocks 47, so the spy decreased and the q's decreased today. But look at this the russell, the small cap sector, the russell 2000 increased up to 47..

In terms of amc, the estimated short interest is still above 21 coming in at 21.5 and gme uh, coming in still a hair below 20 at basically 19.9, wouldn't be surprised if by the time, this loads, all in tomorrow, if we're actually above 19 or excuse me Above 20., we're already above 19.. So that's your quick, i guess updates just so you know, gme has a utilization of 86 and amc has a utilization of 81., as this really gets high. I'm talking like 96 97 98. Those percentages.

That's when you tend to see the cost, to borrow like really go sky high, like really really go sky high in terms of charting, let's check out what's going on in the overall market, let me drop the keltner just for now all right. So here we are uh, we hit an all-time high, we sold off because the things that were coming from the fed we came down, we bought them, we popped from there and then at that point we like really really pushed up. We still technically have like a little bit of a gap, fill um. We have 4305 and then the next high was 52.97 um so that little discrepancy there is a gap filled to the upside.

So hey, that's something you know me. I really do enjoy playing these gap fills so a couple cents from the low on february, 2nd that still has to get filled. But overall today is just like it's an inside day um when you have a bar. That's perfectly like, i guess, the high and the low are within the high and the low of the previous trading day.

That's referred to as the in inside day. Another way to say that is it's a non-trending day. There's no special trend about today so looks like at this point: we're just going to be waiting for tomorrow, barring anything crazy happening in the final 12 minutes of the training day. So right here, we're within the previous days bar no obvious trend.

But i do want to remind you, yes, okay, we're going to be getting an important inflation report on thursday of this week, and the next big fed meeting will be march, but obviously we're going to get an idea of maybe what the fed will be doing after This inflation report uh, we still have we're at the tail end of earnings season walmart, will still be reporting, there's a couple, others we're kind of coming to the end of that. The main thing i want to remind you of um, like there's, obviously a geopolitical conflict going on between russia and ukraine seasonally. When we get to the end of this week, there will be some bullishness um. Typically in like mid-february, you do see a strong bullish push.

So a couple things to remind yourself of, but right now, just it's it's a tough call like it's a non-trend day, uh kind of a similar situation with accused exactly a similar situation. Inside dave, we do have a gap filled to the upside and that gap. Phil is at 364 29 and for the russell we're actually trying to hold this breakout uh. Recently we tried to get the breakout on february 1st it couldn't hold.

We got smacked back down. We found support at 197.50 and right now we're going back up to the north side in terms of amc um, it's not doing much like, obviously, ever since november uh heading into thanksgiving, it's just been really really beat up: lower highs, lower lows, amc or not. The truth is, this is obviously a bearish trend, but remember trends do not stay intact, forever. Um right now, like there's, no major, there are no gaps.

I was looking at amc chart. I don't find any gaps that need to be filled. We have a little bit of bullish divergence if you're paying attention to the rsi, but overall, over the past three training days, the past four training days or really. If you want to rewind, i guess roughly all the way to january 21st kind of range bound like we're.

It's just not really moving much right now, just kind of trading sideways. I would argue that the next big fundamental development, next fundamental catalyst, would be the earnings announcement. That's going to be in early march, roughly a month out in terms of gme similar situation. You could argue that ever since january 21st, it's pretty much been rainbow and on gme you could even go back a little bit more um on gme.

I really wanted to stay above 100. That's a key psychological level. Would love for a recapture and a breakout above 105, followed by 111. gme? I would argue: that's the next big fundamental announcement we're getting a little bit of news related to looping related to immutable x, um, that particular storyline.

I think it's interesting, i think a pivot into successfully owning and operating in nfd marketplace could truly revamp this business from like a fundamental, positive, fundamental perspective. So any developments or announcements related to that is something that i would definitely be like keenly paying attention to when it comes to gme um, the other one that went absolutely wild today is dwack, apparently currently training. At 84. we had this beautiful push and, as i could tell from this kind of got rugged, definitely definitely got rugged.

Um sorry, i was just checking out the cues for a second i had to trade on on the qs and i got out even though i should have just held, because this thing just click clearly vomited um, but anyway, back to dwack, i mean dwack was having A great day, i still have my calls: they don't expire this week. They expired. Next week i looked at the monthlies, oh speaking of locals. I did make another trade just for anyone who's like curious and that particular hang on.

Let me bring it up um. So going off of what i explained to everyone this morning, i am looking for more of a trading challenge that more and more people can participate in and particularly participate in kind of, regardless of account size and maybe um, not so much active traders. But people who are looking for these shorter term swing trades and though it's not the most exciting thing um. It is very much well known as a like consistent monthly income strategy and i'm talking about credits.

Um credit spreads, so i did do a call credit spread. So i sold the call at 458. I bought a call at 459, expiration february 28th max returned 35 max loss 65. The percentage chance of profitability um, not necessarily max profitability, but just making some sort of money is 71.

This will hit max profit if the spy is below 458 on february 28th. These are like this is gon na, be the new style of challenge like i, i guess like the challenge trades, where basically, i post it for all of you, especially if you're right here on macquarieslocals.com uh people earlier this morning were asking about like. Why is it on public public doesn't have options, trading publix is for stock trading, and these are all option trades. I'm trying to teach people, maybe with a better risk, reward setup of how you can consistently make money and remember at first it's going to be boring.

This is never going to be something where you make some absurd. 100. 500. 1.

000 gain. This is something that you slowly and surely build your account if, over the past three months, six months year, if you're, looking at your overall p, l and you're in the red, i don't see the harm in trying a new strategy. Yeah. Okay, if you want to do other types of trades, but maybe have a set aside, account just to see how this would perform for you, it's a much better risk reward set up the reward.

Like i said. I just want to drill it into everyone's head. It's never going to be something, that's like blows your mind, but it's something. That's consistent, don't forget! In the world of options, 95 of premium expires worthless, which means it is statistically advantageous for you to be an options.

Seller a premium seller - and i know not - everyone - has the money in their account to do like cash occurred, puts or like um. I guess like selling naked calls um, which is exactly why we're talking about credit spreads. You could do call credit spreads. You can do put credit spreads uh, maybe tomorrow morning, i'll have like a tutorial of exactly what calling put credit spreads.

Are i've done that previously there are some clips, but i'm more than happy to explain it again, but even this one right here, it's gon na expire on february 28th. This is the cost or like this is the risk per one and then obviously, in your account like i, i did multiple of these i just when i do max return and max loss. That's if you just do one spread, but you could do five. You could do ten, you could do whatever you want.

If you have six hundred fifty dollars in your account, you could do ten of these and okay cool 650. You have 10 you're risking 650 to get 350 and you're just betting on the s, p, 500. Being below 458 on february 28th, there's other various strategies you can do a common one is as soon as you get 50 of your credit locked in you can close it and then just roll it to a farther out expiration date. There's various ways you can do.

This and we could talk about it all in real time. I just want to be a little bit more of a voice of reason within this community of solid trading practices opposed to going all in on one thing and then screaming about it on social media endlessly. Um, this is what real trading looks like real training isn't done, uh necessarily by just going all in and hope, hey. It can be fun, it's a gamble.

It could be fun and hey, i'm i'm all for gambling, i'm all for having fun. You just have to know when it's appropriate and no matter what you do if it's gambling or super conservative risk reward plays whatever you do, whatever you do, make sure you're only betting, the amount of money that you are willing to lose very, very, very, very important. So whoa the spy is vomiting um. So if you are looking to maybe have a little bit more of a conservative approach on things, what is this hang on with someone spamming? What is this? I don't know why someone's spamming in there.

What is it that was brutal? I mean, what's going on with this rug, pull folks yeah. These things are getting rugged, pretty hard right now, jeez a little wheeze geez, louise, all right, so gme's flat kind of aims, c-flat, but we're seeing the markets take a dive into the end of the day, uh the russell's actually holding on the best. But you see the spy diving, d-wack, diving, the cues diving, the russell diving just like relative to this run-up check. It look how systematic this was today: perfect, walk up in the spy, the qs and the russell, especially the russell, and now it's being perfectly walked out.

Algorithmic run up algorithmic rundown, oh someone for dwack, i guess uh, true social was delayed till the end of march, and someone else is saying that biden is speaking could be could be, could be um well overall uh. I just wanted to like. I guess better explain. We're already posting the new challenge traits on locals, so join that up.

If one of the mods could put that link in and then also congrats, if you're holding on to shebe um is crypto still holding up yeah, i mean crypto not like it's getting hit a little bit like not horrifically yeah, it's definitely down. No. The spy is definitely dragging it down, but overall, if you look at like the larger time frame, i should say it's still looking pretty nice still looking pretty nice, let me fix this man. Let's maybe we should just turn the market off.

We only have like two and a half minutes like over tesla, please tesla's at 905 important level support if this keeps going and tesla breaks, 905 900 i'd be watching 880 and below 880 i'd be looking for that gaffel to 8.57 market dump into crypto, perhaps uh. I'm no we're seeing a little bit of a sell-off across the board, including crypto. I see a big gap up in the pre-market tomorrow. Hey very well could be i'd, be right there with you.

I think that'd be exciting. Oh here, uh there's one other piece of news. I want to cover right after the market closes, wait uh here, let me just get it up. Hang on.

I just thought it was interesting. Hang on particular shout out to the old rumble. Crowd should never speak before 4 p.m. Hey i mean.

Sometimes he says important stuff that, like it's good for us to know, is meta a good buy. Now i personally would never really invest in facebook. I'm just i don't support what they do. I think the concept of profiting off of like prompting more hatred, it's just something like morally.

I don't want to be involved with, but the metaverse, like not meta, as in facebook, metaverse in general, very bullish on it very, very bullish on it uh. Could you make a use cases video on options like real market examples such as the caller put on, explain everything very well um adrian, i highly recommend checking out the options playlist. I already have it's up there, it's completely free and then, if you want to see one's playing out in real time, not just like when it's done, that's exactly why i'm posting all the options trades on locals and then all the stock trades are on public. Just ding ding ding ding, the casino, is closed, um just trying to be obviously as transparent as i possibly can be uh.

The piece of news i wanted to share with you is like, unless you've like, not really been paying attention to news over the past weekend. There's been this whole development with the joe rogaine experience spotify. All of that, so a special shout out to everyone on rumble right now, uh rumble hey joe rogan. We are ready to fight alongside you see the note from the ceo chris pavlovsky, the exact guy.

We got to interview last week worthwhile to check it out, but anyway, this just came out today, joe rogan of the joe rogan experience dear joe. We stand with you, your guests and your legion of fans and desire for real conversation, so we'd like to offer you 100 million reasons to make the world a better place. How about you bring all of your shows to rumble both old and new, with no censorship for 1 million bucks over 4 years? This is our chance to save the world, and yes, this is totally legit sincerely chris pavlovsky do i know, what's gon na happen from this absolutely no clue and in fact, if you're looking at rumble as a stock cfei, i have i currently own. None of it.

Just being completely transparent, but this is kind of crazy that at first like people - i maybe it's right - maybe it's wrong and like i guess it got heat of the fact that i'm even simultaneously putting stuff on rumble, youtube and twitch. Why? Because i think it's that important to stand up for freedom of speech uh, i, along with other apes, have been d platform from youtube from twitter, so with it, the move to rumble is right here with no censorship. That's the important line for all this. This doesn't just apply to joe rogan.

This applies to any of them and like when you're standing up for freedom of speech. That doesn't mean you that you agree with the person with what they're saying it means you're agreeing with that. They have the right to say something and if you're against that i i just don't know if we'll ever see eye to eye, so we have an interesting development on rumble. I don't know if it's gon na come through it might it might not.

I don't know about, like the whole legalese and uh joe rogan's current, like contract with spotify, he might not be able to get off, but i just wanted to share that, like with all of you, because you never know, there is clearly a massive shift going on In the world of social media and big tech, the intersection of the two and you can see that the people are finally pushing back the average person like you, the average person like me is starting to realize that hey, maybe it's not the best idea for big Tech to run the world hey - maybe it's not the best idea for mainstream media to run the world hey. Maybe it's not the best idea for a very particular group of elite people who clearly have their own agendas to be feeding us, whatever spin on information they possibly want to be doing whatever is beneficial to them from both a financial standpoint and a power standpoint. People are starting to realize that the systems that we currently have in place are utter they're, tired of in one way or another being lied to day over day and right here, they're just finally, looking for like hey, let me just figure out what's going on with The world in the world opposed to getting like a fire hose of like of all the people who just stand to profit billions and billions of dollars off of it. There's no issue with people sharing opinions, because that means they're daring to think and as soon as we stop sharing opinions, and we don't have like these dumb ass, like cookie cutter ideas, that is, if we, if that ceases, that's the end of innovation.

That's the end of progression. I don't want this to be one of those things of like. Oh, that means you're aligning with everything everyone's ever said. If they're getting censored, it's not at all.

Some of them might vehemently disagree, but i will always stand up for someone's right to say something: it's a slippery slope to give up that particular inch in this overall battle. So those are the final thoughts i wanted to leave you with on whatever the hell is going on right now, it seems like we're living in an absolutely wild time. As always, i truly truly appreciate your support from the bottom of my heart every single day. The fact that thousands of you guys come in here to kick it back and hang out, hopefully making some attendees it really.

It puts the biggest silly smile on my face. Thank you. Thank you. Thank you.

I hope you have an amazing evening afternoon night, depending on what time you it is, for you hope, you're able to spend some time with friends and family. I will catch you, nine a.m bright and early for the next stream, but i will also be posting some, like vod content um this evening on both this channel and also on the crypto coors channel. Thank you, and, as always from me and chair best of luck in the markets, you.