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Stimulus package update hello $1,400 : stock market crash or buy the dip?! – Matt Kohrs

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Everything you need to know about the Stimulus Package and the current state of the Stock Market -- Enjoy!
Stimulus Package Details:
https://www.cnn.com/2021/03/04/politics/senate-stimulus-package-what-to-expect-guide/index.html
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Video Topics:
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What's going on moon gang, i hope you're having a downright awesome day now that the first training week of march is officially in the books. I thought it could be helpful to kind of talk about what in the world is going on in the stock market. In my opinion, to really understand, what's going on in the stock market right now, you kind of have to be up to date of what's going on on the political scene, really what's going on with this stimulus package. So in this video we'll be going over the most recent updates on the stimulus package, then we'll be doing a better, more in-depth technical breakdown of the s, p, 500 and i'll also quickly be discussing apple and tesla.

But before we get into all that, don't forget to join up with the moon gang by hitting the subscribe button. You can also go over to that bell: icon click on it and switch it to always. So you don't miss any of the daily live streams or video updates such as this one. Also, if you want two free stocks, make sure to check out that link to weeble you'll get one for signing up and then another one for depositing a hundred dollars alrighty.

Let's go into the technical analysis of the s p, 500. So as a quick reminder for all of you, especially if you're new to the channel the s p 500, is an etf which stands for exchange traded fun that it's basically a basket of 500 of the biggest businesses within the us. Really because it's so many big businesses in the u.s, it can kind of thought of be thought of as like a barometer to the overall market um and really on friday march 5th. It came close to a pretty big breakdown.

I just threw some technicals up and really what i want you to look at right now. Is this blue trend line? So if you connect that low from march of 2020, when really we were at um this low and then we had another low in uh late october, we almost had an official breakdown. Let me zoom back in just so. You know the importance of really really.

What's going on and in fact let me all right um so right here we almost had a breakdown, it was looking pretty pretty negative. Honestly, it looked like we could have tested uh 368 and if it snapped below that, who knows how far it would have fallen. But right at the last second, especially if you check out this chart, it was sell-off, sell-off, sell-off and then a nice about like an incredible bounce um for those of you who are curious about why we had such a bounce in the pre-market trading. It was because of the jobs report, that's always released on the first friday of each month, um this one.

It was pretty positive. We had right here. I had this written down. The unemployment rate dropped from 6.3 percent to 6.2 percent, and it was quote unquote for the right reasons.

It wasn't because people were giving up looking for a new job, people were actually getting employed. So that's good news and 379 000 jobs were added to the economy. Um, obviously we're trending in the right direction. I really think that this overall road to recovery will be quite a long one, but i'm looking for positive trends for um.

So that's what we saw this uptick and then obviously the market sold off so really from the open to what was this um around 11 30. There was a two percent decline and then honestly, the bull stepped in and they didn't look back i'll, explain why this was negative for, like my own uh positions in a second. But there was a very abrupt three percent gain and it no doubt had to do with uh some of the updates going on with the stimulus um as of friday. It wasn't passed, but as i'm filming this on saturday march 6, we do have some positive news.

The senate has passed president biden's 1.9 trillion dollar coveted relief by a slim margin of 50 to 49. The bill, which includes checks for many americans, will now go back to the house for a separate vote before the president signs it into law. There's a big assumption that this will officially be signed into law um by next sunday march 14th. But once again those are just big assumptions.

So it's not officially passed. It has passed the senate, but it's not signed into law quite yet, and for those of you who are curious, uh, just a quick update of what you can really expect. If your family makes less than 160 000, the senate uh bill would provide direct payments worth up to 1 400 per person to families earning less than 160 k a year in individuals earning less than 80 000. If you're unemployed, the jobless will receive 300 weekly federal boost to unemployment benefits and we get those payments through september 6..

Obviously, there's a lot of other very, very important information in this article, so i'll make sure to link it in the description below. I just wanted to quickly go over those highlights and then all honestly, coming back to the stock market, it could not have come at more of a perfect time. Um. Just we it looked like it, was about to roll over and break through.

Some very very important support and right at the last second and caught itself, so moving forward into the second trading week of march. Here's what i'll personally be looking for. There is now these yellow lines, if you're new to my channel. Just so you know these yellow lines are technical areas of support and resistance.

When i say support, all i mean is a price level that the stock market or an individual stock has bounced off of and when i say resistance, it's just a price level that it's been rejected by that's what these yellow lines are they're very important because previous Support loves to act as support in the future and the same with resistance and in the world of stock training. Support can become resistance and vice versa. Resistance can become support so, for example, 385 acted as resistance um, as recently as late january resistance resistance. Then it was acting as support, so there's a good chance.

It can act as resistance when we start the trading week. Um past that uh, this blue trend line was that trend line that we were watching from last march connected to october. That's the one we almost broke down from these white trend lines, this upward, perfect channel whenever you see an upward, perfect channel like that, it's actually referred to as a bear flag. I know the naming is a bit weird, but we call it a bear flag because they commonly break downward so the overall market.

It tried to break down three separate times before and then the bull can't push it right back up to it, which is obviously a pretty good sign, but most recently, this fourth breakdown things were looking a little bit hairy, but then the stimulus we were getting some Positive developments with that so the market. Obviously this is good for the overall market, more money in the economy. So, in the short term, it's pretty good and that's why we saw such a strong retraction on the news, but anyway, coming back to what i'm looking at. I will be watching 385 and then, on top of that, we're watching this trend line um.

If we break above that, we could see a run right back up to the all-time high of 394 and, of course, that key psychological level of 400. But keep in mind that's a big if we have to get over all this resistance and if, for whatever reason, people aren't buying or feeling bullish on the stimulus news, if it we get rejected at any of these levels, the first support i'll be looking at will Come at 376 and 374. if we go below 374, please please watch 368 because below 368 we could see quite a sizable dump um one thing: i really really need to bring to your attention - and this is important in the world of technical analysis as the stock Market has gone up, we've gone from 363 378. 394.

This is all the the all-time high. I need to bring up this indicator on the bottom. Here we have the relative strength index, also known as rsi. It's one of my favorite technical indicators, and just so you know it has values of 0 to 100 and basically it just maps out bullish momentum against bearish momentum when it gets very high.

That's a lot of bullish momentum, especially over 70, and when it gets very low, especially below 30. That's a lot of bearish momentum. Now the reason i'm bringing this to your attention right now is because, as you can see, basically from january 8th all the way up to the all-time high on february 16th, the market's gone higher, but we have a little bit of divergence. The rsi hasn't.

It is a little bit weird that there's less bullish momentum and a new all-time high than previously, and this is referred to as bearish divergence and it's a common technical sign that the stock or whatever you're looking at you could use this on individual stocks on whatever Time frame you want, but it's a common technical sign that we either need to have a quick sell-off or sideways trading just so the rsi has a chance to cool off. So you can look at this as one of two ways of basically from february 16th. Until now, this might be the consolidation period. This might be all the consolidation that the market needs and we might be really preparing to rip up to a new all-time high or it could still be indicative of hey.

We might need to cool off a bit longer. Just so, you know right now the overall stock market i'm in no way ever ever calling for doomsday, but it came close to more of a let's say: call it a healthy correction. I'm not saying we're about to drop um 20. 30.

Anything like that, but it did look like we were on our way to a pretty healthy correction after such a systematic buy up in this upward channel. So these are the levels i'll be looking for and it did really blow my mind to see what we had on friday. Good jobs report, perfect selloff, perfect, buyback, absolutely crazy. So let's watch how the market reacts to 385.

If it's rejected there, we could watch 380 followed by 376 or if it breaks above that we could rip to a new all-time high, but whatever happens. I do think that we're in for an interesting week and i'll make this part pretty quick. But i know there's a lot of people interested in apple. Obviously the premier technology company, it's been showing a lot of weakness, in fact, from its all-time high on january 25th.

Excuse me um from this all-time high. Until right now it's come down 16 percent. At its peak at its valley on friday, it was down 19 as in 1, away from bearish territory, so the stimulus news definitely definitely helped this um. It looks like it found support at 120, and the way i was just talking about bearish um divergence in the rsi apple currently has some bullish divergence, which is a pretty good thing.

So if you look at this low on february 23rd, compared to the low on march 5th, obviously apple has gone lower, but the rsi has gone higher. That means that more people are buying here than they did here. That's why we call it post divergence. So now i will be looking for a breakout of this trend line.

If we get that breakout, we might see an official change of trend back upward. So that's what i'll be looking for on apple just so you know i am a long-term investor in apple. I have quite a few shares and i plan on uh riding it for really years, but i will buy more shares if we get this trendline breakout, i'm really liking this bullish divergence in the chart and now, let's quickly, go over to tesla ticker symbol tsla. We don't have that bullish divergence in the rsi.

In fact the rsi just made a new low um, but i do like we saw this breakdown of 566 and then we bounced off of this low from december, 2nd of 2020 right at 5, 40. uh. So we got that bounce and then it retracted all the way up to 600. So i own a lot of shares of tesla, and this was good for my initial position, but as a hedge against all that i ended up having buying some tesla puts expiration date march 12th.

A strike price of 550.. As of now as of the market, close, that put position is up 750 dollars for me, but as i'm filming this over the weekend, i have assumption because of the stimulus news that the entire market and all the stocks are going to gap up. So i don't think i'll be able to get out of this position for profit. If i had to guess right now, as soon as the market opens on 9 30 on monday march 8th, i think that tesla put play will be excuse.

Me will become a loser for me. Unfortunately, i was using it as a hedge of my tesla shares and really my overall just investment portfolio um. It turns out. I didn't play it.

The best i got ta honestly. I got uh too greedy a little too eager. I once i saw this breakdown of 566. I thought we were coming down to 500 in hindsight on monday morning, quarterbacking hindsight's 2020..

I obviously should have taken gains between 560 and 540.. I am 100 kicking myself for it now um. I definitely botched that play, but that's just part of the market. You know you learn you just move forward, but anyway the rsi is very, very much oversold with the positive news.

I think we will see a bounce back in tesla similar to apple. I am looking for a breakout of the trend line if you're interested in more of an in-depth breakdown of what's going on with apple tesla, and i'm also going to include palantir, make sure you check back uh for my next video, which will be coming out on Sunday march 7th so uh, if you're interested in that tune back for sure and if there's any big updates with the stimulus i'll make sure to include that. But overall i know individual. The overall stock market has been holding oddly strong individual stocks, such as apple and tesla, have been getting killed, but it is showing technical sides of bouncing.

So i just wanted to clarify my opinion to everyone, but i would love to know your thoughts. What are your thoughts on the stimulus bill? What are your thoughts on apple and tesla? Do you think this is a good time to invest, lower everyone's cost bases, or do you think, there's more downside? I would love to get your thoughts in a comment below and don't forget. If you want two free stocks sign up for weeble, you get one for signing up and then one for depositing a hundred dollars and don't forget to join up with the moon gang if you're interested in the live streams or video updates. Like this, all you have to do is hit that subscribe button.

You can also then go over to the bell: icon click on it and switch it to always. So you don't miss any of the new content and until i see you next time best of luck in the markets, you.

25 thoughts on “Stimulus package update hello $1,400 : stock market crash or buy the dip?!”
  1. Avataaar/Circle Created with python_avatars i recommend BITFXTRADING On telegram says:

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  2. Avataaar/Circle Created with python_avatars Laurel Bane says:

    Started trading for about six to seven months now and I was introduced into the market about a year ago and it has not been profitable to me. I do my best and it does not work out for me. I usually used a Demo account and then take my analysis after observing it and I get the same result. Any advise for a trader?

  3. Avataaar/Circle Created with python_avatars Moths to the Flame says:

    Cannabis stocks are the future. They are a tangible life healing commodity. Get them while they are still affordable.

  4. Avataaar/Circle Created with python_avatars Theta Gang Hustle says:

    bears are sweating lul gap up and volatility crush on your puts. you better sell that put fast! that tesla put is going to cost you thousands

  5. Avataaar/Circle Created with python_avatars Ben Heintz says:

    thx for the video. Yeah man, the market is quite hectic right now. It could go either way. The stimulus news is going to help it but its a giant hyper bubble regardless, a giant correction is coming; and if its not now/soon, I worry about how big its going to be when it does happen. These continual corkscrews to the market are indicative of a big crash tbh, I feel like there will be a giant dead cat bounce on the entire avg market, and then it will tumble through supports like a hot knife through butter. 🙁 There is a hyper bubble and its gunna pop. This week will show signs of hardcore rebound, but I fear its the dead cat.

  6. Avataaar/Circle Created with python_avatars Turban Monster says:

    I consider hedging a smart risk management play for intermediate retail investors. You didn't make a bad call by any means. It's a healthy play. You've secured better positions around the market as a whole so don't beat yourself up.

  7. Avataaar/Circle Created with python_avatars sasha davids says:

    I bought puts at $860 when it broke it's trend line and came back to it to show it as a resistance as that was the exact same pattern it made last march crash.. More a couple $100 k on those puts.. I believe the markets are headed a lot lower..

  8. Avataaar/Circle Created with python_avatars Alvano Calvillo says:

    Fire bro! Thank you for the break down and for the lessons. I just got in to investing/trading so your content helps

  9. Avataaar/Circle Created with python_avatars lily g says:

    i could be wrong and im not a financial advisor at all……….but i just don't feel like this is over. i feel like the bounce at friday close was a bounce thats going to dip down even further at open on monday. i could be wrong we shall see. i hope i am wrong. thank goodness i don't have a lot invested like some people.

  10. Avataaar/Circle Created with python_avatars Bull On WallStreet says:

    no more dip !!! whoever got this this week is lucky !!!! especially in the EV sector,, the EV sector like plug sbe , NIO, Xpeng ,Tesla … Nio was down to 32$$ !!! amazing …!!!! I just see more green with the stimulus package in the incoming weeks ..

  11. Avataaar/Circle Created with python_avatars Bass Dojo says:

    I predict another 2 weeks of nose dive … then buy!!! Reckless Dem policy with little relief has really taken a toll. I think there's way more to that story but April will be great!

  12. Avataaar/Circle Created with python_avatars OXPAHNA KOMPROMAT KOHTPOL says:

    Inflation expectations are rising because of fiscal and monetary stimulus and the “re-opening” of the economy.

    Those rising inflation expectations cause nominal interest rates to rise.

    If nominal interest rates rise more than inflation rises, real interest rates rise.

    Rising real interest rates cause stocks, bonds and gold/silver to fall.

    Falling 'markets' cause the Fed to step in and save the day by capping nominal interest rates.

    Capped nominal interest rates cause real rates of interest to fall (assuming no change in inflation rates).

    Falling real rates of interest mean higher gold and silver prices.

  13. Avataaar/Circle Created with python_avatars Phat Trinh says:

    Because you assume stimulus help. It will crash the market. Rember the opposite. It is a bond story with high yield is killing the stock merkwt not the stimulus

  14. Avataaar/Circle Created with python_avatars Hrvoje Knežević says:

    oh man, how many times you've said "when I say support all I mean.." 🙂 awesome effort! 🐒🐒🐒🐒🐒🚀

  15. Avataaar/Circle Created with python_avatars Platinum says:

    2020 completely change the stock market ratios in terms of EV oil cruises and Airlines. I think what we will see is a slow transfer back into traditional solid stocks. I say buy buy buy on oil Airlines Etc. Always opportunity even in a downturn! 👐👐👐

  16. Avataaar/Circle Created with python_avatars Tom Roth says:

    Been here since the first gme rocket..listen to your lives everyday while at work..thanks bro ..before it was once a while being able to know where prices were and having emotions play against me to being able to constantly get updates on it all day long

  17. Avataaar/Circle Created with python_avatars cyanide meursault says:

    I appreciate your honesty about being "eager" on TSLA. I trust your judgment more because of your willingness and openness to learn. Thanks for the great commentary! To the moon!

  18. Avataaar/Circle Created with python_avatars Naveen Tahiliyani says:

    Not bashing but what ever this guys says, goes in opposite direction, eg his Tesla options , Rocket options as an example

  19. Avataaar/Circle Created with python_avatars alfred cho says:

    your tesla put was right on, wish i could have been 10k up, i would need to be up 10k once a month, you know how to call it

  20. Avataaar/Circle Created with python_avatars Daniel Rhodes says:

    Why does your voice change on the shorter clips compared to the live streams? I thought it was a different person…

  21. Avataaar/Circle Created with python_avatars J Hassan says:

    AAPL – If you're a LONG TIME shareholder, when it gaps back up would it be a good time to take some profit? I'm also slightly worried about how much capital gains would cost me. Position isn't HUGE, but big enough… if that makes sense.

  22. Avataaar/Circle Created with python_avatars Mike Harrison HighlanderAttack says:

    I am just putting all my money in AMC and hoping for the best–hold hold buy buy hold buy and by June I will make money even if it does not squeeze but if it does squeeze–boom

  23. Avataaar/Circle Created with python_avatars Andrés Acosta Escobar says:

    I'd say Apple is bouncing. Coming up from an area full of supports, bullish hammer, bullish divergence, double bottom and only good news to come.

  24. Avataaar/Circle Created with python_avatars Kira says:

    bought at the bottom of NIO and got calls with some GRWG shares and NAK everything was so cheap friday had to load up the boat

  25. Avataaar/Circle Created with python_avatars Chris Kellerman says:

    Bro the stock market bounce Friday has nothing to do with the talks of stimulus. Don’t miss lead people and spread fake news bro. Stocks are selling off because they’re up 150,000 fucking percent interest rates are going up,, meaning debt is more expensive. no one is going to buy stocks.

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