Ripping || MK Power Hour (Aug.29th)
The Matt Kohrs Show
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00:00 Intro
01:37 Ripping
04:42 Stock Rise
06:11 Eminem vs Vivek
09:34 Consumer Confidence
12:22 Rate Hikes Incoming?
14:28 Top 10 States For Jobs
15:45 Why Bitcoin Is Rallying
19:15 My Trades
20:15 New Iphones Coming Soon
21:40 Seasonality
23:00 Market Close
#Stocks #Trading #Options #Futures #StockMarket #LiveTrading
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RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
The Matt Kohrs Show
Stream Sponsor:
⇒ Goonie Trading Group (FREE Month w/ Code GOONIE): https://bit.ly/LocalsMG
Beginners Guide To Trading Futures: https://youtu.be/kEwDk9_XDRQ
Sponsors & Affiliates
⇒ Goonie Trading Group (FREE Month w/ Code GOONIE): https://bit.ly/LocalsMG
⇒ Streetbeat Robot Trading (FREE Month w/ Code MATT): https://bit.ly/AICopilot
⇒ Top Charting Software: https://bit.ly/GoonieCharts
⇒ Options Picker: https://bit.ly/Tiblio
Socials
⇒ YouTube (Non-Live): https://www.youtube.com/ @GoonieClips
⇒ Rumble: https://rumble.com/c/MattKohrs
⇒ Threads: https://www.threads.net/ @matt_kohrs
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00:00 Intro
01:37 Ripping
04:42 Stock Rise
06:11 Eminem vs Vivek
09:34 Consumer Confidence
12:22 Rate Hikes Incoming?
14:28 Top 10 States For Jobs
15:45 Why Bitcoin Is Rallying
19:15 My Trades
20:15 New Iphones Coming Soon
21:40 Seasonality
23:00 Market Close
#Stocks #Trading #Options #Futures #StockMarket #LiveTrading
Please be sure to LIKE, SUBSCRIBE, and turn on them NOTIFICATIONS.
Let me know in the comments if there is anything I can improve on moving forward.
Thanks for Watching!
RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Thank you Thank you Foreign. Good morning, good afternoon, good evening, good night. Go whatever freaking time it is for you. We are back, We are back and we are here to talk about what in the world is going on with the old stock market.
Obviously have some other specific updates for you as well, but we'll be getting into all of that. I am anxiously waiting the final trading section of the day because if I'm understanding Piper's code properly I think it should be going long it like I was diving into the code and I think Piper should be going along on both the S P 500 and the NASDAQ 100 as we get into close here. so we're gonna see. Obviously right now she's flat.
Uh, she's up 127. she was up 700 today. Uh, obviously gave a healthy chunk of that back unfortunately. But we're hoping we're hoping we're hoping we're hoping there's a nice push into clubs because if there is a nice push in to close, well, boy oh boy is Piper gonna be making some money.
But on the flip side, if this final trade is an erroneous trade, a wrong trade, a losing trade, an unfortunate trade, Well, the gains of the day might be going bye bye bye. so we're going to see how it's going. Uh, obviously, before we do any of that, don't forget to destroy the like button if you're watching right now. For whatever reason, the Power Hour show is considerably less popular than the morning show, so if you want to help me out, fight those algorithm Lords above on both Rumble and YouTube destroy the like button.
Don't forget to subscribe like share with a friend. Do whatever you need to. But let's spread the Good gospel of Piper because why not? You know, just just freaking why not? Um, in terms of a midday update: Piper was up quite a bit up seven hundred dollars. now down down, but up still on the day up 130 but gave back quite a bit of her profits I don't know, she's just getting a little angsty.
This has really nothing to do with the market, but I feel like it's an important update? Uh nonetheless I did buy a cake today so that was cool I had to go to this Bakery and uh, go pick up my cake and I looked at it and it looks awesome. So I hope my fiance still if not I'm cool with it because I get an entire awesome looking cake so it's a win-win It's a win-win when you buy a cake because especially if you like it, because if you get it right, you like it and the other person you're buying the cake for likes it. But then if you get it wrong and they don't like it, well at least you still like it. So whenever you're buying cake I think you should be shopping exclusively for yourself.
It's just a higher risk, low or higher reward, lower risk type of a setup. but that's what I wanted to share. Um, maybe I'm not understanding the code because on the I really thought the algorithm would have been long by now. Huh? I wonder what it's waiting for I Thought there was enough momentum over the past three bars here that we would have been going long into clothes. I Guess not. Well, anyway. I guess that gives me time to pay attention to what's actually going down. in terms of the show.
stocks rise today. Tuesday NASA Eclipse of One Percent as investors buy the August dip in tech stocks now I Do want to remind you the close of the month. The thing I've been preaching from my soapbox is bullish. We know the end of August is bullish.
I've been telling you that the final week is bullish and it just so happens it's playing out again that way this year as of now. I Think it's pretty evident that the Spy wants to test 450. I Mean it's a key technical level. It's a key psychological level.
The Futures Market is trying to hold right above 4 500. we're at a key psychological Battleground and it does feel as if the Bulls have the upper hand. if you're paying attention to the NASDAQ both the spy and the NASDAQ got a break and hold above yesterday or excuse me last week's High and the fact that unless things go crazy here in the final 28 minutes, I would say that the setup of today is favoring a once again bullish dominant day. Tomorrow, we will see, but something worthwhile to pay attention to.
I Also want to let you know that the cubes have an upside gap-filled Target of 380 69 while the Spy has an upside Gap filled Target of three or 455 49 obviously. once again, just so you know, uh, there are levels in between here and there in both the spine and the queues, but right now it looks like it's pretty good to be a bull in the short term. Now before we get into more of the stock market stuff obviously I want to cover some of the other wild news of the day: Eminem tells Glb Presidential hopeful Vivek Ramaswamy to stop rapping his music when I saw this I thought it was a joke just like hahaha the Vic has been rapping I didn't think Eminem actually cared enough to be doing like I I didn't think he would be doing it's like that's kind of crazy Eminem has demanded GOP Presidential Hopeful vivik Brahma Swami stopped using his music on his campaign Trail Ramaswami wrapped Eminem's hit 2002 song Lose Yourself at a campaign stop doing the Iowa State Fair Earlier this month, there's a long history of artists telling presidential candidates to stop using their music on the campaign. Trail I saw the rap I thought it was super cringe-worthy but I didn't think it was so bad that we're gonna get to the point of like, hey, uh, don't wrap that I I don't it's weird I Don't know.
like are they gonna get? can you get Dmc8 or something? What is this? Hang on, someone talking smack. This is the dumbest Channel on YouTube That's all. Hey Charles Lick my ball sack. How about that? Charles Why don't you? uh, enjoy life watching me from the bleachers? How? How about that? How about? how about that? Catch me outside, Catch me outside Chicago TV Crew reporting on robberies is robbed at gunpoint.
That's not how it's supposed to go A Chicago TV Crew reporting on robberies is robbed at gunpoint. You hate to see it. You hate to see the old Kansas City Shuffle the old flip a roof foots on the other side of the table that's now spun around. You hate to see it play out that way. but I Guess that's if you're gonna get really really into live reporting. I Suppose that's one potential way to do it. Talk about really getting into reporting. It's sad right now.
This type of crime. theft, robbery. It is skyrocketing and it's this weird in-between where we all know it's not right. We all know it's Immortal We know people are facing extra pressure, but then also these companies don't want the employees to do anything about it because if something were to happen, their insurance would go.
Sky High So they're just saying, hey, if someone's stealing, let them steal, don't stop it But then the rest of the world knows that no one's gonna stop it. So then they kept stealing. Oh dude, it's a mess. It's absolutely a mess right now.
and I guess that's the fine line of like when when does it go from okay like I guess being reasonable and smart to just like pure Anarchy I Know there's a lot of issues right now. where I am in in New York of how there's really like. It's rare that people are getting bonds like a lot of people like you get caught and they're being released that day and then they go and commit more crime that day. It's a sad situation.
It's very sad how some of this is playing out right now. Um, but it's very, very real. So hey, be careful with this if you're in. Chicago if you're in.
Florida The weather's going crazy right now. It is officially a hurricane I'm assuming you don't have power. If you do have power and you're still somehow watching from Florida Be safe, do what you need to time times are wild. times are definitely Wild U.S Job openings declined to 8.83 million lowest since early 2021.
more than anticipated. Uh, to 106.1 from 114. A revised the forecast was for 116. So both numbers below what the forecast was going to be president situation comes in at 144 down from 153 and expectations at 80.2 from 88.0 Now the number that economists tend to look at here, especially in employment weeks, is whether people think that jobs are easier to get or harder to get and jobs plentiful Falls to 40.3 from 43 7.
jobs not so plentiful Uh Rises only a little bit to 45-6 from 45, but jobs hard to get 14.1 from 11.3 So a deterioration that may weigh on people's overalls arguments. Jobs Opening number. Now this one is good news for the Fed. We fall to eight million, Eight Hundred and Twenty Seven thousand from Nine million, One Hundred and Sixty Five thousand which is even revised lower from the prior month.
And that is, Uh considered good news because the Fed's been looking at all those jobs that are out there and saying the labor market is really tight. Prior to the Uh pandemic, we were in the seven Millions roughly. Uh, the rate of hires changed little 5.8 million Uh, and the rate of higher 3.7 percent separations, layoffs, quits, and discharges are uh, little change. They say the number of quits decreases to three and a half million and that's a 2.3 percent uh, percent percentage rate. But uh, that is little as we say. little change. So Americans are still quitting, but not as many as they did before. Little less confidence in their ability.
So the reason why when we get these reports and you have Jolt's job openings coming in less than expected when you the consumer confidence coming in less than expected the reason this is bullish for the market. and yes, the Spy is up currently up 1.41 the queues are up 2.2 percent Apples Up Microsoft's up Tesla's up and videos up Netflix is up, Matt is up, Amazon's up runs up. everything's up because of a weak economic report. Remember, we live in the upside down.
Bad economic reports basically put more pressure on the FED to stop with the rate height cycle. if they stop, that puts less downward pressure on the market, and thus they're a bit more optimistic. So right here: these quote unquote bad economic reports serving a very, very bullish job. A very, very positive job for the overall stonk.
Market Former White House Economic Advisor says more fed hiking is coming. the Federal Reserve will hike interest rates again according to a former White House Economist Kevin Hassett asset former Chairman of the Council of Economic Advisors said gas prices and CPI will push the FED to act Fed chair Jerome Powell Born last week that interest rates could be hiked again to get inflation down to its two percent. Benchmark The last time I checked, there was about a 40 chance between now and the end of the year that we have one more rate hike and there was about a three to four percent chance of two more rate hikes, both of which would be 25 bips point two five percent. It's all going to come down to the upcoming announcements, the Fed's decision in September, and then, uh, when's the next one After that? We have a couple more Fomc meetings this year.
Let me get you the exact dates. Um, we have September 20th, November, 1st, December 13th. So there is an 86 chance of nothing happening in the September meeting. Then there's a 50 chance of nothing happening in the November meeting, and in December about a 50 chance of no change.
So when you put this all together because we are looking at separate events, there is about a 40-ish percent chance between now and the end of the year. one more rate hike. So it's not technically the likely outcome. but also, it's not a negligible percentage by any means.
Please don't forget this week we don't get the CPI, But we do get the Pce report. Uh, instead of the Consumer Price Index, it's the personal consumption expenditure. They're very similar. The Pce report is a little bit more timely, a little bit more Broad In the basket of things that it considers according to the FED, they actually weigh that one with more importance than they do the CPI report. But then, if you ask media and Finn twit and Reddit for whatever reason, CPI is seemingly more important. uh, too I Guess the average person. at least that's what media is really shoving down our throat. But I I find it a little bit odd.
But anyway, pay attention to that because does this continue higher and higher and higher or does it get smashed is very much going to be relating to what the FED does do or doesn't do. Obviously making money losing money, you might want to think about the place you live. Obviously, certain places within the US This is no great secret. Certain places within the US your dollar goes a lot farther.
So if you happen to be a remote worker, you might want to consider something like this. So let's talk about the top 10 states for high-paying entry-level jobs Newark and California aren't on the list. No. DOI duh that's crazy.
So coming in at number one: Uh, South Dakota 76.1 percent meeting salary 19.17 By the way, what they're looking at is right Here Here are the top 10: Saints for high paying entry-level positions uh, including the state's median salary according to the BLS and the percent of entry level jobs paying above it. So once again, you get the meeting and then the amount of jobs paying above that. So South Dakota coming in at number one, Montana Number Two, Idaho Number three, then Iowa New Mexico Indiana Wyoming Nebraska Kentucky and West Virginia. Once again, they have the median salary and then the amount of jobs that are actually going to be paying over that.
So hey, if you happen to live in one of these places, I bet your dollar is going a little bit farther than mine is. The big big news of the day is it's not the dollar that's going far. It is the digital Asset Digital Gold called. Bitcoin Bitcoin rallies more than seven percent as Court sides with Grayscale over the SEC in crypto ETF Case U.S Court paves way for spot Bitcoin ETF and Grayscale rulings.
How big of a decision is this on Grayscale? It's massive. This has been a years-long Pursuit for Grayscale. Remember, it has been fighting the Sec's decision and now it has, uh, the courts in their favor. If you look at the Grayscale Bitcoin Trust This is the main entity that would face a conversion.
This is one of the longest standing largest trusts holding. Bitcoin in which retail and institutional investors have been able to gain exposure for many, many years. Now, you are looking at a discount to net asset value really narrowing here. Very at this very moment.
it stands at about 24 percent under its net asset value, but that is expected to narrow as they get closer to the ETF conversion, which has really become a main thesis for investing in this fund and beyond. That is. as you're saying, there is a whole host of other ETF filings in the pipeline and this is firms. I Will also say that in addition to the Grayscale Bitcoin Trust right? Some love. On the heels of this decision, you are also seeing Bitcoin itself up above 27 000. Oh Brother Almost five percent jump in the market right now because the idea here is that by a potential conversion here for the Grayscale Bitcoin trust into an ETF, it could draw massive adoption from financial advisors, retail investors. Hell yeah brother. How much money on the sidelines? Uh, could be sitting there.
Well yeah, brother, houses that could become more comfortable about putting their clients into a regulated ETF exposed to bitcoin rather than spot Bitcoin itself as Danny was talking about. In terms of the pipeline though, I mean does this mean the SEC is like, well, all right, fine, you all get it, or there's still going to be case-by-case basis in his grayscale? then different. That is the massive question here. The Order: Because we have seen from the other products the first ones out of the gate have had massive adoption by a landslide.
So for a set of game matters a lot. There's a lot of discussion about how the SEC handles this pipeline because the idea here is not to make the same mistakes as we've seen in Prior products where the first ones out of the gate got a lot of inflows and then the other products tend to last. Nothing like the SEC picking the winners and the losers. Investor protection partially means also choice for investors.
All right. so big. obvious crypto news of the day when that occurred. Crypto specifically Bitcoin Ripped and actually held its rip.
It went from the low 26 000s all the way up to the high 27 at one point above 28 000. I mean dude. Uh, out of nowhere, it just ripped eight percent and it was really out of nowhere. It's because of the fact that the market is now optimistic that a spot Bitcoin ETF will be approved.
Once approved, we have more Highway on-ramps for Wall Street to join for retirement account to join. Literally just with the supply being the same. it's representing more demand when Supply is stagnant and demand goes up. price obviously has to follow.
So I just wanted you guys to know about that and obviously during that we also had a little bit of an update there from Piper as you heard. so going into close like I said, my estimation was long on the S P 500 on the NASDAQ I'm surprised that this didn't happen five ten minutes ago, but hey, I guess better late than never. the S P 500 currently up 12 bucks, 25 bucks essentially break even and then on the NASDAQ it is currently down 70 55 Something like that. Um, on the day before this trade counting commissions the account is up 125 dollars. it was up 700. But we'll see how this goes. Obviously if there's a nice push into close uh, which I hope there is, this is a momentum based strategy. Um, hopefully this just does keep going higher and higher and higher.
What? I would really like to see is for the S P 500 on the Futures Market to take out four, Five ten And what I would really like to see on the NASDAQ is for this to take out 15 440 I Guess like these next levels up but here. uh those are live. They will be closed by the end of the day. This system does not swing anything overnight so we are going to be knowing if it how this concludes before that.
Bell goes dingity ding ding ding today. Apple sends invites for September 12th launch event new iPhone 15 Expected Apple on Tuesday sent out invites for September press event. Apple is expected to announce the iPhone 15 and new Apple watches. The launch will be streamed on Apple's website.
So September 15th mark your calendar Pretty brother Uh-oh what was that? Uh, the Es got out for a loss. The Es got out for a loss of 75 dollars. Oh, actually the NASDAQ got out too. They're both out.
They both got stomped out on the market selling right there. Um, the fact that the push didn't continue. Uh, it just cut it really quick and now it's red on the day to the tuna 192. on the week it's still fine.
it's up. It was up 9 50 yesterday, but definitely frustrating to know it was up 700 today and then gave that all back. Uh, I was messing around with some things and I think there's some improvements? I'm really close to where I want it to be, but there's just a little bit of some of its exit signals. Have you watched the morning stream today? I Was really, really happy with the entry signals that are being produced by the system, but the exit signals in my estimation are something's off about it.
Something could be a little bit better so we'll see how it goes. Uh for tomorrow? I Do want you to know that even though today's a bullish day and it looks like we're going to be closing out pretty strong, uh, tomorrow. From a seasonal perspective, it does favor the Bears. So for tomorrow Wednesday August 30th The Bulls have won this day only a third of the time over the past 25 years and the profit factor is 0.5 So basically every dollar spent has only returned 50 cents.
Obviously a net loss with the equity curve going down and down and down. so clearly seasonality does favor the Bears. Is that a guarantee that tomorrow is going to be bearish? Hey, absolutely not. I Just want you know about the headwinds and the Tailwinds that you might be supported by.
or hey, maybe you're not supported by. um I Suppose it's good that Piper got out here because this is this diff is I mean it would have just been a bigger loss. so I guess I don't mind her getting out. uh, at the time that she did by any means, we're having Nvidia dip a little bit Nvidia Had a pretty good day though and video of 3.66 Tesla had a phenomenal day up seven percent Tessa crushing it at 255 256. Um, what will Piper buy with her winnings? Probably more positions, probably more positions. Um, hopefully she just keeps to generally training. You never know though. So in terms of the Spy nice push.
to the upside beautiful push. To the upside, we have a high of 449.45 a low 442 46 which was almost the high of yesterday. things are looking good. I mean this is a big Push It was obviously all because the weak economic report the market interpreting that to mean that hey, maybe the FED is gonna be dumb now obviously The Economic Council that advisor for the White House says and we're probably going to get one more but who knows, maybe maybe the Market's pricing that and they're like no, we're cool with one more All very possible.
This is a strong day. It's a strong close. obviously. The next thing we were calling out 448 this morning and that was a simple call out support resistance.
It's a clear level. The next thing to watch is for 50. All right beyond that, the Q's also a strong day up 2.12 Very, very strong. Same thing getting above the high of last week, getting above closing above some key resistance levels.
There is an upside Target Will that happen tomorrow? I don't think so. but obviously I'm still going to be interested in paying attention to it, but we have a nice little recovery going on. If you're more of a Futures Trader I guess I should probably appropriately. Mark All this out for everything tomorrow.
Nice trend line. recapture. They try to break it below the trend line. they push above it.
It got smashed. They pushed for the second time and as you can see, we're right at this key level in the Futures Market just above 4500 Key technical level key psychological level if it continues from there. Easy Easy peasings, lemon Squeezies watching 4540 That's what I would be watching there on Apple A recovery cup handle upside Capital to the low 190s Microsoft Kind of boring, but maybe picking up a bit Tesla Having a great day Um, this is actually the level we were just talking about I think early this morning I said 254 255 Uh, we have some consolidation support support consolidation running into that right now Nvidia Just never quitting because Nvidia doesn't even know how to have a red day so Nvidia just keeps ripping and ripping and ripping Netflix Looks like it's trying to take out the low 230s if it does. I'd watch the mid 440s Meta: also trying to finally get going after a little bit of vomit after its own earnings.
Amazon may be picking up a little bit of a lagger today and rum successfully getting the Gap though and recapturing the whole dollar value of eight Buckaroos. Folks, it's a nice bullish day. A nice bullish day I Was up pretty much all day until those final trades right there. so I will make sure to appropriately scold Piper after this for just messing up at the end of the day. If there it was a risk, it was a high risk High reward if the day continued to push. If there was a beautiful push into the end of the day, Piper wouldn't have made a lot of money. There was no beautiful push into the end of the day, so instead here we are just waiting to see what tomorrow brings. So a little bit of a losing day officially right now unless there's a final trade in the last eight minutes down 192.
um, that's including commissions yesterday made about 9.50 so on the week Piper strategy is still up, but a little bit of a loss today. uh I Don't mind that loss would I Mind really is the fact that it was all the way up at 700 and it gave back more. So like, yeah, it sucks to be down, but it's uh, I guess arguably worse when you consider what the high water mark of the day was. especially when really all you had to do today was go long at open and then wait till the end and you'd have made a crap load of money.
What about tomorrow's reports we talked about that? Do you need me to recover? Or do that again? We're going to be streaming early tomorrow. Uh, we. we already kind of did this man. I Think you're like a little late, but this week right here.
If you want to know what's going down this week, the major thing tomorrow is GDP coming out an hour before the Market opens. We also have the non-farm employment change from ADP so that's at 8 15. But we'll be streaming early tomorrow a full hour before the Market opens full hour and then on Thursday Feel free to screenshot this. We get the Pce report and the CPI from the Eurozone and then on Friday we're going to get the unemployment rate an hour before the Market opens.
As a little bit of a public service announcement, this upcoming, Monday, the Market's going to be closed in observation of Labor Day Just so everyone knows. Uh, so we're about to have a four-day training week next week. Just so everyone knows. Don't be surprised when no one's here because no one's really going to be trading.
All right. So those are the major events today. Those were the major price action developments, major political updates, major seasonality updates, Major Piper updates. You basically got all the updates.
So what do you guys need to know? Now you have five minutes of an AMA ask Matt anything I bet you guys didn't know. That's what the M and AMA stands for. It always stood for just ask Matt anything So let it let it rip. Team: let it rip, let it rip.
Uh, let it rip, let it rip. Why are you not buying he? because I don't feel like it Three white soldiers on The Daily on spy I don't see colors Steve Nice try. Will you wear white after Labor Day Of course I will of course I will tomorrow's predictions. Uh, seasonality is pretty bearish, but today was pretty convincing. So it might come down to the GDP report and the Market's reaction to it. But if I didn't know there was a report and I was just reading the charts I would guess bullish but it really doesn't matter. it really really doesn't matter. um I I Don't think being predictive is the way you win in the market I think being reactive is the way LMA Dude I made 30 first time I bought he oh okay, do you want a medal or something like what? Congrats I'm stoked you made money I Don't know why you like you don't need to just like pump your own random stocks and hear if you're making money, you don't need other people to be following you.
You want to. Someone's saying give you a medal dude. Congrats on your 30 I'm happy for you, happy for you. You probably should have bet more if you're that confident.
just that. Mormon If you have the unlimited money making strategy, do you have access to Nancy Pelosi's uh, stock portfolio? No. but I just called Nancy myself I'm like yo girl, where do you buy it? uh what are you buying girl? will you buy more AMC apps Why would I buy AMC should bet Brennan and I try to ride a dolphin this weekend? Of course you should. Is that even really a question? What else would you be riding this weekend? Um, insights on Gme I Don't really have much insights.
it's been falling and it recently popped a little, but it's just people aren't really paying attention to it the way they used to. Same thing with AMC As much as like, if you looked at the amount that people are searching them even just like Google Trends the amount that was coming in in 2021 far exceeds the amounts we're seeing right now. Forget what mass is, the answer is 100 absolutely unequivocally yes. Oh, about the Dolphins I Agree with you.
um. insights on Gme. Well, as much as you ask that question I'm not going to change my answer to it. one one zero if that is your real name I'm selling my Lambo to buy more AMC Hey, whatever you need to do, who would be your top pick to replace a A as the CEO of AMC uh I don't really have a top pick because I think most people on this planet would do a better job than he is like Maybe Dried paint would be an easy one.
You know dried paint would probably do less damage and we wouldn't have to pay it 23 million dollars a year to run a company into the ground. I Think a better question is who wouldn't be doing a better job than Adam Aaron What's your opinion on Matic I Like Bitcoin and Ethereum the most in the world of crypto. Are you planning on selling the bot for us to use? Uh, maybe if it gets good enough. Uh, but I still want to make various improve? I'm not going to sell you something that I like don't like I'm not a hundred percent confident and I think there's ways for me to improve it and that's what I want to do and I'll get it to that level and neither from there.
I'll just exclusively trade it or I'll loan it out to you cool kids. But if I do it, it would have to be a set amount of people. Uh, because I wouldn't just want it all fully out there. Then the edge would disappear. A fleet of raccoons driving garbage trucks would be better than Adam And you know it's hard to argue with that. Will AMC go bankrupt? It's a possibility. Uh, I'm not going to say it's a guarantee, but it's definitely there's a considerable percentage chance of that occurring. It's just right now there's an acting strike.
There's a writing strike of their interest payments are extremely high people are. it's just the box office is weak right now, which is something out of their control. so I kind of feel for them on that. but when you add that all together with like massive amounts of dilution, that's not good.
It's not good. It's not good. I'm still holding the bag on AMC like I mean it. what would you do now I am pretty profitable with day training, but I still hold because of the HF which happened I'm still holding two I mean mine's there I'm just not touching it I'm not gonna add to my position, but that doesn't mean I'm selling I'm just I'm just holding just holding just holding.
Hey, if you're profitable at day trading, just keep doing that. Keep doing that. You could always sell covered calls against a position too to like lower your cost basis make a little extra money, especially if you own a lot. You could definitely do some covered call type of stuff.
covered call type of stuff folks. Uh, very quickly before we head out for the day. I Do want you to know that pinned to the top of chat in the description of the video is a new video that you should be watching All About Trading Futures So What? I'm training Piper on right now you if you want to know about features if you like. it's just an intro thing.
obviously it's free I'm not selling a course or anything like that. it's pinned to the top of chat. it's in the description of the video it's on both Rumble and YouTube Uh, Beginner's guide to trading Futures and I Just Whipped it up it posted yesterday if you haven't seen it yet I Really do think you're gonna enjoy it, so make sure you show that a little bit of love. Speaking of love I Appreciate all the Good Vibes today folks! I Will catch you tomorrow morning.
bright and early at like 8 15, 8 20 in the morning. It's gonna be an early one tomorrow because of the GDP report. so let's check all that out together. So streaming early tomorrow is the next time you're going to see me live.
But between now and then we are going to be posting some videos as well. So make sure you're subscribed to the channel both Rumble and YouTube Make sure you have your notifications on. But more importantly than that, I Appreciate all the positive vibes today. Thank you thank you thank you I'll catch you later have a good one. Peace, Thank you.