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Dumb Money w/ Matt Kohrs
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Dumb Money w/ Matt Kohrs
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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.
DISCLOSURE:
I have a beneficial long position in the shares of AMC & GME either through stock ownership, options, or other derivatives.
Shrimp can't spell like you can't even count to 10 and i eat crayons. Every day with my friends, i think about kenny in his ivory tower, sneaking in his lilly bones as they act. Overpowered must suck to lose too monkey so dumb, but you made your bed and you got. Is money probably thought you could have in hell? We maybe woulda, but we more than on the boot of the floor, six figures: ain't selling for less.
You took on the ape nation and you're with the best we hope for each other, my sisters and my brothers, the fighters and the lovers. We don't need. Another fan because we huddled through hard is money gang. What is going on everyone good morning, good morning good morning and welcome back to another fun-filled week in the sun, at least the digital sun of the stock market um, if you're into that kind of thing.
Folks, what a crazy morning we're already having it seems like today, monday february, 7th, is the morning of acquisition announcements, discussions we're going to be getting into all of those, but three interesting stories there that relate to multi-billion dollar acquisitions and potential acquisitions. So we're going to be talking all about that i'll, be letting you know what's going on in the overall market, the spy of the queues so russell. We're also going to be taking a special look at oil and we're going to be taking a look at interest rates, we're going to be discussing the potential geopolitical conflict that is still brewing between russia and the ukraine and then from there. We have a couple other stories.
I have one related to spotify and also one related to gamestop, so we'll be getting into all of that, and we're also going to be touching a little bit on seasonality. Just so, you know where we're all standing, but my whole goal here is to get everyone ready for when that bell goes ding-ding-ding-ding in about 30 minutes and then after the market opens we're gon na have a little bit of a discussion of. I think i've kind of found like what my newest trading challenge is going to be, and i think um. This is going to be interesting because i think a lot more people are going to really be able to participate in this one, because it's not really going to be active day trades uh.
It's going to be a little bit more like slow, burning trade. So for people who don't have the time to watch every single minute bar of every single trading day um, this next trading challenge is definitely going to be a little bit more appropriate and i'm hoping that a lot more people can engage within it. So that's everything i have for the morning docket, let's see if we can fit that all in before that bell goes ding ding, ding, ding ding, but once again welcome welcome back thanks for the support. I hope you had an amazing weekend and let's crush it this trading week and with all that being said, let's get to it so right now the spy is looking pretty good up.
0.2 percent, the queues are up 0.3 percent, the russell's up, 0.15 percent and volatility is down so overall the markets are looking pretty green. I, like that same thing with the crypto market. The crypto mark is actually ripping right. Now, i'm telling you it's going to be a really really fun stream today, at 2 p.m. Eastern, if you want to check out the crypto stream, don't forget to check out crypto course, but look how much green there is. Wait hang on. Let me reload this um. It is very, very green in the crypto market right now, so hopefully you're crushing it and we're seeing a little bit of a bias towards some of these metaverse plays i'm talking about axi mana sand gala.
Those are really really exploding over the past couple days and i will be getting into more detail once again in the crypto stream, but this is obviously the stock stream. So let's talk about what's going on in the world of stonks, so in the futures market, the dow, the s p and the nasdaq all green, green green. We have oil, that's basically break even and then we have yields that are slightly down, but that's still very high. Most of the time we were talking about them at 1.6, 1.7, we're now sitting at 1.9, maybe pushing two.
So overall yields, like yields and oil, are basically break even and showing red just because they're slightly red, but overall they're pretty much flat and we're seeing the futures are green, green, green. Now, before we get into particularly these features, we need to have a discussion about oil. Oil hits 70-year highs as u.s storm heightens supply concerns. So here's a look at the oil.
This is crude oil. This is the futures market um, it's trading at 92 and i'm gon na say this over and over again, because i think it's a money-making opportunity for everyone paying attention. I think oil easily going to exceed 100 per barrel and, if i'm being honest, i think at some point this year we might see it over 125.. I know not many of you have a futures account.
So another way you could play oil is something like uso. The united states oil fund you're going to be basically getting the same: directional exposure to crude oil and this one's currently trading around 64.65, but once again uso. If you're of the same mindset of me that oil energy is going to get way more costly right now, crude oil is at a 70-year high and so are gas prices throughout the u.s. There is an increase in demand and there's an additional constraint on supply and, if you're really looking into it, it looks like things are about to get worse top biden.
Aid says ukraine. Invasion could come any day. So yes, this is still something that we have to actively pay attention to, because it can have huge ramifications across various markets. What's going on is, and we don't have to get into too much detail.
But let me just give you kind of like the spark notes version of it right now, um what they're expecting the numbers needed for russia to invade ukraine they're about at 70 of that total right now lined up at the border, so almost that what they fully Need um if this does follow through and if it's not resolved in some form of a diplomatic manner, there's a chance that there's 25 000 ukrainian soldiers as casualties there's a chance of 50 000 civilians and millions of refugees could be potentially produced by this. So, just on more of a moral human level: yes, there is a cost to this type of action and on top of it uh the relation to the markets is russia is kind of that energy pipeline to the rest of europe. If you take a look at europe as like, a whole, 33 percent of the natural gas comes from russia. 25 of the crude oil comes from russia. If you're, looking at something specific, such as germany, over 50 of natural gas will be coming from russia, and this is kind of getting heightened, because if you look at something like britain, there's some predictions that by the time we get to april, their energy bills can Already increase by 54, so it's already a scenario where demand's high supply is being constrained and with this geopolitical issue it could actually get even worse uh. So those are like, i guess, the connections to the market, but also, please, please don't like forget we're not just here talking about oil going higher in this scenario of oil going higher. It could be propelled higher by like in an unfortunate development that could prompt various and, like a numerous amount of casualties, something worthwhile to pay attention to, in my opinion, not only for the markets, but also just to be a good informed. Like moral citizen of whatever country you're in moving on a little bit to the more the markets now, i just wanted to call this out for you wall street week ahead.
Inflation data next focus for investors. So this thursday we will be getting the consumer price index. Last month, the year-over-year reading was an increase of 7.3 percent. We are expecting this month to increase by an additional additional 0.5 if this does come to fruition.
Once again, we are at a four decade high. We are like leveling like we are matching these levels. All the way back to 1982. we're at a four decade, high level of inflation in the us and over in the uk, and just because we're talking about them they're at a three decade: high level of inflation, uh inflation, not just the us thing right now.
It's this global impact and it's all like the results of obviously rona and everything that relates to that. So i just wanted everyone to pay attention to it. Thursday expect some volatility uh and then this is from jack, ablin chief investment officer at cresset capital management. We could potentially get a very difficult number to digest next week on the inflation front, that has the potential to cut markets off at the knees uh.
Obviously, that potential is there, i'm not a fortune, teller, i'm not clairvoyant, i'm not a financial advisor. I'm just calling these things out, then i think it would behoove you to pay attention to and before we really get into the nitty-gritty of. What's going on right now, i just want to remind you of where we're at seasonally, so remember by the time we get of a third of the way through february. There is a seasonal bullish push. Does that mean it has to play out that way? No, absolutely! Not i just want to let you know: uh seasonal forces. Seasonal patterns are very well traded upon year over year, if you have like the law of large numbers overall, this is the seasonal push it doesn't have to play out, but i just want to let you know by the time we get to like roughly the end Of this week we will be in like kind of the start of a noteworthy bullish. Push to the upside just want to remind you all of that five things to know before the stock market opens today monday february, 7th, let's get into it wall street edged up after the s. P, 500 nasdaq score best weeks of 2022..
So, starting off on a very very rocky note, we are now kind of getting a nice push, so we kicked off this trading year, pretty much ever since jan 5th. Just down down down, we found support around 428 we retested the 200-day moving average. We popped above that and then we had some confusion about like the facebook earnings and that stuff. But then amazon coming through kind of saving us and right now we're seeing a little bit of green in the pre-market.
So, overall, if you want to get like very specific, what i'm watching is 450, followed by 453, followed by 458, once again, 450 453 followed by 458.. Those are my targets to the upside. In terms of support, this one is extremely easy: 444 to 443. This is not only technical support, but it's also the 200-day moving average.
If we can't hold that i'm looking for a return back to 428, those are two scenarios. If you see a bullish trend, those are my targets. If you see a bearish trend, the latter half are my other targets. Those are the two scenarios i'm looking to play out in terms of the nasdaq we're looking for a gap fill up to 364..
First, we have to get above 360 and after that, i'd be watching 370, which would also involve a bullish breakout of the 200-day moving average in terms of support, i'm watching 352, followed by 350 and in terms of the russell. Once again, we are looking for this trendline breakout. It tried to break out recently i'm talking about february 1st it couldn't hold, but it did find support at 197 and some change. So i'm looking for a bounce off of that and a return roughly up to 203 204, something in that neck of the woods.
If this can't hold, then i'm looking for a version back to 191. um. I think something you could really use as specific to the nasdaq, but also it's going to have an impact on the spy is, if you continue to see crypto, that's like this green and it's pushing higher and higher and higher uh, specifically btc and ethereum. I think there's a good chance that the overall nasdaq, which is then going to have implications on the s p 500, will have a similar looking chart just pushing higher and higher and higher all right low cost airlines. Frontier spirit agreed to merge in a six billion dollar deal as you're about to find out. This will make it the fifth largest airline company, frontier and spirit to merge. Creating the fifth largest airline in the us in a 6.6 billion dollar deal frontier and spirit. The two largest low-cost carriers in the u.s have agreed to merge, creating what would become the fifth largest airline in the country.
The company boards approved the deal over the weekend prior to the ceos of both airlines, announcing the agreement in the big apple nyc. The deal is valued at 6.6 billion, it's structured with frontier airlines controlling 51.5 percent of the merge airline, while spirit will hold the remaining 48.5, so roughly half and half, but frontier does have a slight edge and just seeing how all this is looking on the charts. Uh you're, seeing that spirit is currently gapping up by 13. 2173 is where it closed out.
But after the announcement we're now at 24.50, which would involve a breakout and then from there it'd be watching the range of 25 to 26, but overall spirit uh, which is under the ticker symbol. S-A-V-E is like re, acting very, very positively: next one uh. So this one, this new airline, which may i hope, the merger they give people a little bit more like leg room, but anyway, this one is another merger potential. So the first one already confirmed this one is a lot of rumors going around peloton source on reports.
Amazon and nike may be potential buyers peloton stock surges after this report, peloton has been battered and beaten down so much in recent months that the connected fitness company is now attracting interest from outsiders. So just very quickly to give you like an up-to-date idea of. What's going on with piton um a lot of drama at first, there was reports that they're not going to be doing like their production and then the ceo came out and he's like what are you talking about? Those reports aren't right, we're not cutting our production, blah blah blah, and then there was an activist investor. I believe it was what's it like black water capital, some something black, something capital um, an activist investor who is basically saying get rid of the ceo uh.
You should consider acquisitions and what was funny is over the weekend. There was actually articles coming out. That apple was like potentially um one, and when i was reading this article this morning, i actually thought amazon here was a typo. So yes, amazon and nike are among potential buyers, but like there's a lot of rumors that like this is something that apple should consider. So if you have peloton like in the middle of a bidding war between apple amazon and nike and potentially more um, that's exactly why piton is up right now on these rumors shares of peloton surge and extended trading friday. After the wall street journal reported e-commerce, giant amazon has approached the company about a potential deal. Other potential suitors are circling. Peloton is not yet running a formal sales process, but there is interest in the company a person familiar with the talks, told cnbc.
So, let's just check that out so once again, nothing official whatsoever, but it is still gapping up by about 27 28 uh. Clearly piton has been beaten down. You can see like it missed on earnings these talks of like okay, what production are they cutting? What production aren't they cutting yadda yadda yadda? The list goes on and on and on, but on this potential acquisition rumor, you know that saying buy the rumor sell the news type of a deal. It is currently up.
28 spotify ceo apologizes after clips show joe rogan using the n-word um. This is something i would like. I guess prefer not to really cover at all, because i'm not really like a political commentary. Uh channel there's a good chance if you paid attention to any news over the weekend that you already saw what is going on here, um.
So the spotify ceo is coming out and we have this like whole story on it, joe rogan apologized for shameful past use of racial slurs, and on top of it they are removed as many as 70 episodes. But some people are saying that they actually remove more than that. The only reason i'm bringing it up because, like i said, i'm not here for like some sort of political commentary, i think it's pretty obvious. We know that people shouldn't be saying this word um, i'm wondering if it will have implications on the stock uh more.
So i'm wondering if there is a right here, spot spotify technologies. It's one of these things that it has been down trending. It did not have the best earnings um, but there is this gap filled to the upside and maybe more up to 207. That's the recent resistance, but, as you can see, it's currently down in three percent with this um, maybe not most of like uh like not really a technical play, but you never know what this is gon na lead to are, they is.
Are they gon na keep joe rogan? Is everyone gon na kind of like just get over this or is it gon na get to one of these deals where joe rogan ends up leaving spotify for another service? You never know, but on these developments, when you have one creator, one podcaster, who represents a large percentage of like the business and the attraction and the views there could be like true ramifications to the overall business. So this is something i guess in my opinion. Yes, you should pay attention to it, just because similar to what's going on in the ukraine, it's useful to be an informed person, but in terms of what we're talking about here for the market. Yes, this could have true stock price implications, which means for us, if you play it the right way, you might be able to take advantage of that, especially with the volatility and, last but not least, chip shortage forces forward to cut production on f-150 and other vehicles. This is uh a common thing that we've been hearing about more and more uh we're hearing about how a lot of these companies that require chips like they're just having these very serious supply chain issues, tesla's talked about it. Ford has talked about it. Obviously, people are always paying attention to nvidia amd until these are like the chip makers, micron, which trays under mu um right here. This chip shortage is a very, very real thing, impacting many many companies, particularly like tech and automakers, so right now, f-150, which we know like they had to shut down the website because, like the reservations were just like way too high, that's how much like in demand This was um, but it looks like they're kind of running into an additional issue with the chip shortage, so definitely uh, something that i think we should all pay attention to: um not related to any of those, but on a completely different story.
Just talking about gme aka gamestop, so we know that they're working on an nft marketplace. Most of the time people were referring to loopering uh, the ticker lrc in the crypto market, for it um as being the technological backbone that would create, like that, would help facilitate the creation of this nft marketplace. Well recently, as in last week, we know that they were in talks with a mutable x, imx, so right here, uh just to give you a quick update of what happened at the end of last week, gamestop dumps 47 million dollars worth in immutable x tokens following Ethereum nft marketplace deal. Imx is down 23 over the last 24 hours as gamestop cashes in a significant chunk of its soaking grant after yesterday's announcement.
So it was announced, i believe, on thursday, and then this came out on friday and i just wanted to keep like everyone up to date about what in the world is going on. Here. Gamestop has made over 47 million dollars this week, selling imx tokens that were granted to it by immutable as a part of its partnership agreement imx jumped in price after yesterday's partnership, but is now down 23 over the last 24 hours. The most common question i'm getting about this partnership: does that mean that loopering is like kind of kicked to the curb and we're not talking about it anymore, um, if you actually look in their filing like in gamestop's official sec filing, it actually says no like this.
Is just an add-on and like they are still partnered with the likes of the loop ring team just to give everyone like a quick up-to-date on what in the world's going on there speaking of gamestop starting out this morning, the estimated short interest is a hair below 20, we're coming at 19.8 with a utilization of 86 in terms of 80 or in terms of amc. We actually have now a record high reported short interest of 21.77 with a utilization of 81. before we get into those shirts. I just want to let you know that, yes, the bears are still shorting the overall stock market. The s p 500 has a short interest of 37. The nasdaq 100 has a short interest of 24.6 and the russell 2000 has a sky high short interest of almost 47. So with all that being covered, we went over the spy, the qs and the russell. Let's take a look at amc uh this morning in pre-market.
It is up 2.2, i'm looking forward to get above really at first 1625, but i care more about like the 16 60 1670 level and then from there i'll be watching the lower 18s with major support at 14.50 in terms of gme, also up in pre-market action. Currently, trading at 103, i'm looking for the test and the breakout of 105, and then that will be followed by 111.. We have pretty clear support. Um a 100 is a key psychological level.
I'd prefer obviously, that it stays above that, but then we'll also be watching to the downside um. So that's your quick, like ape meme stock, update of amc, gme, the short interest on those two, but also the overall market and then speaking of the overall market. This is how we're looking right now, um things are still green, but they're pretty much flat uh. We have about roughly about eight minutes until that bell goes dingy, ding ding ding.
So let me get the chart set up for all of you and then this is actually the perfect opportunity for you to ask any of your questions before that bell does go ding, ding ding. I will try to get to as many of them as i possibly have chart, questions or news questions, or anything like that. Um and while i'm waiting for some of those questions to come in, don't forget. Pin to the top of chat is that three dollar trial for true trading group, if you're looking to take your training and investing a little bit more seriously and you're like okay, maybe i do need like an official education process.
Well, this is your opportunity. You get a free week trial for three dollars. Maybe you don't want to spend the money to see if they're like okay, like it can obviously get expensive well. This is a way to see like try it out for one week.
It's just three bucks and see if it is for you or not all right. What kind of questions do we have this morning? Man i'm excited for this week. I think it's going to be a very fun week and after things settle down of the market open the first 10 20. 30 minutes.
I want to get into a discussion of what i think like the newest challenge is going to be. Can we talk about riot? Can we talk about riot riot riot riot right here, riot blockchain? It is up 9.23, no doubt because look how good krypto is doing right now i mean if your business is mining and you're going to make more money, because, like inherently your asset, is something that is uh currently appreciating in value. I would expect riot to be up right now. It's up 9.5 mara is probably up uh, currently up seven percent. All these like hut, is, i believe, another one is currently up. Eight point: seven, eight percent. All of these miners up right now because of this current success in the crypto market, btc eth, axi gala, i mean look there quite a bit of green. Quite a bit of green uh.
Matic is running like overall we're seeing a lot of bullish momentum in the crypto market. No, if ands or buts about it all right. What's going on over here any questions on record for how to play uv xy options today, um, it depends on the market um. I'm the fact that we're kind of flat - i know things are looking green right now and if that's how the trend continues, i would play it so you could play uv xy puts if that continues, but this recent surge, i am a little bit dubious of it.
Uh, so we have the consumer price index coming out on thursday, and if it comes out in line or lower than expected, i think that means that we're actually going to see the fed being more hawkish and i think the stock market's reaction to it would be Bearish, so if that number comes in line or lower look for stocks to drop, if it comes in higher and inflation is worse than expectations, that might mean and kind of pressure, the fed into being a little bit more dovish um. Just to like calm people down. I suppose, but it's kind of it's like a weird catch-22, because if it's that high well, that means that the fed has to fight it a bit more. So if they do fight it a bit more being like hawkish.
Well, that's not, as i guess, conducive to the overall market, so i i suppose it's like kind of a weird paradigm of how you want to look at it, but overall remember what our fed's trying to do: they're currently trying to fight inflation. They can fight it more aggressively which is less accommodative to the overall market. It's like kind of the highest way to look at it and then from there. You could try to like game theory it out, but when you put that into the situation of the geopolitical conflict with russia and the ukraine, and then on top of that, you also have the tapering ending in march a rate hike in march.
There's various macroeconomic things that have to be considered that i know a lot of people here are watching and they're like well, hang on, like i just want to know about this equity or that equity. That is such a poor way to think about it, because if you don't know, what's going on on the like the macro economic front, you're going to have a very, very tough time being successful in individual equity, all right, what else do we have? You said the inverse: well, no, that's what i'm saying is like you could game theory it out either way uh, because if it is coming in hot, like it, it's all going to come to pal and not just pal, but also the team and that's my point Is like that's what i'm saying with like kind of the catch-22 paradigm of like, i think, there's a viable argument that, like you're gon na, have to see how the market, it's you're betting on the market's participants, their reaction to what they think powell and the rest Of the federal reserve would do um, so i guess i would retract my first statements because i do see like a game theory way in which it could really play out in either direction. So, let's, let's think about that, a little bit more if it comes in hot, if inflation is higher than expectations that could actually put pressure on powell to be more hawkish and then that could potentially really insinuate a 0.5 rate hike in march. So if they do that type of rate hike that would not be conducive for the overall market financial stocks, like jpmorgan city, wells fargo, the list goes on and on would behave very well if, like that's how it plays out um, but if it comes in line Or lower - and maybe it's not that bad, which is kind of what we saw well, then they don't really have to battle it. It's like almost kind of the opposite of the jobs report thing we were seeing where it's just it's. It's you're betting on how you think the rest of the population is going to bet on what they think the fed's going to do so it's like multiple jumps away and it's a very complex situation, but obviously we'll be paying attention to it on thursday. In real time and seeing how it all plays out, someone said prague is ripping prague, prog, prog, prog um. What it's down point! Six five percent prog is not ripping.
Why is btc ripping recently i had this technical breakout of this trend line and um right now, like with the breakout. People are like okay, it's just gotten beaten down enough. Now, it's like kind of a reversion. It's just a question of how much momentum it can like really develop, but also you're, seeing the equities market push higher as well, but i covered this in far far more detail on the crypto course channel right now, people are making a killing on crypto uh.
If that's something you're interested in, if you're interested in crypto, if you're just interested in making money, that is definitely something you should be checking out. Um a week or two a bit ago, i made a video on gala, which is like kind of a an nft play to earn type of a play and look at this explosion. I mean it's up 106 um gala is crushing it axe, he's crushing it, but we're we get into the reasons of why and what's going on and cover all the crypto news. 2 p.m.
Eastern on the crypto course channel. If you are on rumble, if you are on twitch, you don't have to worry about it at all, like you could just watch it wherever you are. What is the short interest on prog i'll pull it up? The short interest on prague is shorts on prague, prod 10. So not that high, like it's high, it's definitely um above average, but it's not like as high as the overall market or amc and gme. At this point, um prague does it have the potential to do some sort of squeeze move without a doubt, but as as i've stated many many times before, this is a long-term hold for me all right. We have about 30 seconds to go and then we're going to see the market opening um just to remind everyone. Things will be on the screen if they're moving, if there's no volatility, if something's just moving to the side, it's not going to be on the screen. I don't care if it's amc jimmy the spy, the cues, if something's not moving, there's no reason for us to be wasting one of our four quadrants here on something that's not moving.
It gets on the screen if there's volatility, if there's movement, if there's news, the casino is open best of luck to all all right, let's see how this is really going to get going this morning. All right and, let's see, let's see, always love that monday morning. Volatility spy, pushing watch that 450 level and then on the q's watch 360., so about what 40 more cents on the spy but like a dollar or 75-ish on the qs is what i'd be watching to the upside uh on the qs. We have support at what is this 358 and then on the spy.
I actually don't recall that off the top of my head um a little bit more south at 444, which is that 200 day that 200 day uh pipe down buffalo soldier. What's going on all right amc holding its gains up 2.4, let's see if the spy can get some sort of uh a bounce here off of 358, we had some support. Hopefully, just a nice, quick, two-minute, downtrend and a rip higher would put a smile on my face. There we go.
There's the q's waking up. Let's wake up a little bit more, it's monday! It's monday morning, carpe diem, you got ta go after it. All right. Amc is actually on my watch list, the other one that's up is actually dwack.
We got ta, throw dwack up, uh jimmy's up 1.5 percent, but d wax up six percent right now, um on dwack we've been calling out that 90 91 level. Well, it hit 90 50., so dewac getting some movement. I have no dwack position, but if you do seriously congratulations to you um, i don't know what the spy is doing here. The queues are pushing the spy, not so much at least not yet not yet not yet what are you doing cues? What are you doing? I wonder if we're going to get that 360 level, what else is up quite a bit uh bbig bbig, so it's at 3 30..
I we've been looking enough at bbig to know a major level is three dollars and fifty cents. That's if bbig gets above 350. If it holds above 350, that's something definitely like scream it in my face and let me know uh what else do we have? That's uh amc is up three point. Whatever percent gme is now up 2.5 battling at that 105 level. We just know 105 has become incredibly important for jme we'd love to see it hold that um snowflake is up snowflake. Just so everyone knows is up on um. An analyst gave it an upgrade from, like i don't know neutral to like overweight or something like that. Uh right here, training at uh.
It's not really having a good intraday action thus far, but the gap up is up 5.7. Once again, it's up on solid news from an analyst upgrade. The cues just got smacked: oh the cues, the cues, the q's. Are they going to catch themselves anytime, soon? Well, right, when the queues got smacked, you see gme and amc also got smacked the spy.
What are you doing man? What are you doing? Dwack doesn't seem to care. Dwack is just going higher and higher and higher all right as we're waiting for things to calm down a little bit at open. Here, let's see what other type of news we have going on, officials urge sec to probe apple on non-disclosure rules. How does the foreign exchange peloton? We already went over that.
Let me actually reload this page, all right uh, so no, no new news there, all right, let's see what the i guess the whales are doing early this morning we have a google call, a tesla call. Cue puts tesla, puts spy, put spy put zero days out so someone right out of the gate, but a quarter million dollars. Almost a quarter million two hundred twenty six thousand expiration today on a q358 put the queues uh tesla, put for this friday and a spy put for this friday, the tesla, but was 353 000 for a strike of 920, currently trading at 9.21 and the spy put Was for 442. all right, so a little bit uh two calls farther out, but all the short term ones are bearish just so everyone knows bearish, bearish, bearish, the ones zero days four days four days, uh in totality.
That bet is around. I don't know. 800. 900.
000, thus far um. Let's just wait for this to develop and let's see more money flowing in, let's see if we can get an idea of what is or isn't going on, btc still looking strong he's still looking strong, the q's, a beautiful bounce off of 358. This is exactly why we do technical analysis. Folks, look at that bounce, beautiful, beautiful, beautiful, beautiful, all right, um amc, trying to recover off of 1560 iwm going up almost to 200, currently trading at 199.33 uh.
Is that a trendline breakout on the russell? Yes, it's trying to get back. This is very good for amc. Remember iwm is a russell 2000. The biggest exposure within it is amc.
Amc has like the largest, showing it's about 0.5 of this entire index. So if the index is doing well, there's a very good chance that there's going to be some sort of positive directional correlation with amc. So you definitely want the russell to continue to cruise higher and higher and higher all right, one, four, seven! Sorry, i just had to write that down. I closed out a trade on the the futures market, a quick dumb morning, opening trade. I just wanted to write it out, so i can fill out my own trading journal a little bit later on today and remember uh remind me please if i end up just like somehow forgetting um, if i i do have an idea of where more people can Get engaged in kind of like uh, a different trading so before i know it was like kind of like a wham-bam type of a deal where, like those active trades, they were like just very active. Some of them were absurdly quick and some of them involved tesla, which was very expensive. So i was kind of racking my brain this weekend of what could i possibly do, uh, that, like more people could be engaged, and it would make more sense for, like other people, to like kind of track, what is or what isn't going on, and because of That i was thinking a little bit more about conservative plays because i think maybe some of the mantra of like what is or isn't going on um. It's very very easy.
I think for people to like kind of romanticize, these 100 200, 500 000 gains and they think it's normal and they think it's something that they need day over day. So i think the next trading challenge. In fact, i know the next trading challenge is actually going to involve something that is very, very common among people who trade for a living, monthly income strategies and really what we're going to be focusing on is credit spreads. We are going to be focusing on selling premium.
None of these are going to be home, runs what they are going to be is a high succession of just small little like single bass hits just first base hits singles over and over and over. It's not the most, like, i said, like crazy, like adrenaline heart jacked, up type of a thing, but you know what it is. It's a very safe, consistent conservative way that people can engage in the market and you could also do it pretty much with many like with a wide wide range of account sizes, so uh the fact that it's more conservative, the chance of people being profitable, even though Not going to be insanely, profitable, the accuracy profitability, the percentage is going to be higher, and i also like that people, even with down to say, like a fi, a sub 500 account, will be able to participate so uh when things get going. Who knows, maybe we'll make the first trade today i'll i'll do a little bit more of an explanation of what credit spreads are.
Obviously these are all going to be posts on like the locals page, but that's the current idea. I just want more people involved and i want more people involved in a better risk to reward trading methodology. So if maybe all this is confusing, you i'm going to be going into like far far more detail and it's going to be a learning journey. This one's going to be a little bit more of a slower grind just to get everyone's expectations, but i think there's too many people who are like kind of treating this as like. You have to be a cowboy to like win in the market. No, no! No! No, i would prefer more of you to like consistently be learning a skill set and time over time. I just want to see that slow grind higher in your overall p l. So that's going to be the next one.
All right. Where are we at? Where are we at done with that? Uh cfvi is printing cfvi. Look at that. Look at that gap up breakout.
Look at this trendline break. I still don't own any cfvi at all, but man, oh man, that gap the rip now. Obviously, when you see a gap, your first thought should be like okay, like when is this going to gap fill eventually, it will might not happen today might not happen. This week might not happen this year, but the odds of this gap fill are extraordinarily high.
If you're in cfei look for it to hold above 1370 - and your next target is probably roughly in the range of 15 or you can watch the all-time high of 15.50 but cfei, which is the spac that has some small percentage ownership, it's bringing rumble live uh. I know some of you are watching on rumble right now, but think about. What's going on uh right now, the likes of cfei, crushing it d-wack crushing it all! These things are doing extremely extremely well. Why well think about? What's going on from more of a social standpoint, um this people's reaction to joe rogan? This is prompting an uptick in some of these alternative forms of media.
If you've been paying attention to like the whole trucker situation in canada, you know that gofundme shut down the donations and at first they were telling people like hey. You have until this date to get your money back and if you don't we're going to donate it to a charity of our choice and then there was even like, i believe, a senator from florida um, the desantis who was saying like what that's illegal. You can't do this so now, they're like we're gon na auto refund you and then people instead started donating bitcoin, but overall there's people getting very, very angry with like the current regime of like big tech of big corporations. So today, not only are you seeing a lot of green in the market but you're seeing a lot of green in alternative social media uh.
I don't have the numbers on it and i i don't even have an account, but i would in no way be surprised if getter, which i believe is a competitor to twitter, is getting an absurd amount of signups. Today are any of you on getter. I think it's g-e-t-t-r getter, it's a competitor to twitter right, it is it's like. The way rumble is to youtube getter is to twitter.
Is that, like a proper analogy, can like anyone inform me if, like that makes sense, he's a governor desantis is a governor of florida? Okay, i'm at least happy. I remembered the name get her done. Get her done is the governor. Yes, maybe i'll get an account today, i just never signed up for it, but anyway we're seeing a nice push uh. What else do we have going on amc up 2.7 you're having gme uh? Prague is up six percent. What other big gainers do we have? Dwack is up uh hang on cfvi, i mean these two are going to look the same, amc and jimmy. I just want to throw up cfvi to show the gains on that up. 8.6.
Hang on add to watch list. Do you think binzinga will report on this youtube rumble and twitch market commentator? Matt coors adds cfvi to his watch list. I do i did. I did i admit it.
I added it kryptos all crypto is all very much up. Look at this btc ripping east ripping they're like look at all this green, it's so green! I don't know why. Queen 360, i have to look at that green, green, green, green, green, all right dwack, taking a little bit of a breather same with cfbi uh people are saying: roblox roblox is up 3.5. Having a nice push there, a very nice push.
Piton is uh. Piton is up on like acquisition, rumors uh intraday, not looking the best, but it's up 27. It was a massive gap up uh right now, we're kind of trying to target things that are like moving actively intraday, whether up or down like. What's the bottle play that we could potentially make some attendees off of what else are we having short interest on dwack great question, more than happy to give it to all of you, uh dwack estimated short interest 13.7 with the utilization maxed out at 100 um.
So, literally, all the people who are willing to lend their shares out. They are already all taken on loan utilization 100 with a short interest estimation around 13.7. Just so you know, d-wack is a smaller float company which the smaller the float is, the easier it is to become more volatile to the rip to the upside. To the downside, the less shares you have it's equivalent to uh the less luggage.
You have, the less luggage, the more agile you're gon na be uh. Someone said: tesla tesla, tesla, tesla, tesla tesla is gone uh when is amc's quarter report march early march. So about a month away for amc's next earnings announcement, tesla ripping to the upside, it seemed is it tech plays tech. Social media plays are doing well.
Today looks like some people are excited about, sends sends up 5.4 right now, sun's looking good sends. A lot of people were asking me about it last week, so getting some enthusiasm back there, all right, tesla's, moving progs moving, look at all the green see. If the is working its way up, d-wack is actually well dwac and cfei are the biggest gainers on my list right now. Eight percent and eight percent um, barring any like the acquisitions ones.
Like i know, spirit's up, i know pitons up um, i'm saying barring like acquisition, news and or rumors. These are some huge gainers, huge gainers short interest on phu happy to give it to you, p-h-u-n. We are looking at an estimated short interest of 8.77 um. If i'm like recollecting properly phun is like somewhat tied at the hip of dwack, like there's assumptions that funware or however you say it will be doing like the software development for dwack um, but the last time i checked in on it. That was also rumors. Please someone correct me if i'm wrong, but i don't know if that was ever officially confirmed. There was a lot of assumptions so because of that, if you're looking to, if you're bullish on this play, i think dwack is a better alternative when you're comparing it to phun are. Are the crypto miners still ripping right now up 11, so they were up taking a little bit of a breather, but look at look at these miners of how similar their charts are.
They pushed they came down. They push and now they're slowly coming down very, very similar, looking charts and it's because they're both miners in the crypto world, both miners in the crypto world, ctrm uh, not a fan, and that has nothing to do really with ctrm. I'm just not a fan of marine shipping companies, um, there's a lot of sus stuff that goes in that industry. I've never really found a chart that i thought was a good looking chart most of them.
They do nothing. They spike. They come right back down um. I think it's a very hard, like industry, to trade upon a very difficult industry to trade upon so because of that remember this guy lazy trader.
I want easy trades, easy, easy trades. I'm not looking to do some sort of like specialty, like kobe steph, curry, lebron dunk shot like that. I pull out of nowhere. No i'm a lazy trader.
I want the easy trades uh. I find that the marine shipping industry, not the shipping industry, the marine shipping industry, um, there's some seasonality. I believe it does better near the end of the calendar year. That's something you're going to want to like fact check me on, but overall i just stay away from it.
The charts look ugly in the long term uh someone asked for an amc gap fell, it already had a gap fill. I believe, cfvi is still ripping. This thing is non-stop wow wow, i'm curious. I like just hey being completely honest with all of you.
I own. No cfvi, i've never owned it. If that changes, i will inform all of you. I own none, but i'm curious how many of you are in one way or another involved in cfvi right now any update on the fire at td ameritrade.
I don't know if we're gon na get more. It's just a fire. Like i don't know. If it's gon na be investigated, it sounds like something that might just be like swept under the rug.
I'm not really expecting additional updates on it. Uh aggie you should. I have cfe, i got it at the beginning. I have let's go see if he i have it buy cf i own 15k shares.
Well, you wait. You own 15k shares wow, which means you're up over 20 000. Today, that's crazy seriously! Massive! Congratulations! All right! The queues are coming back around. The spy is doing its thing. All right, it looks like the indices are all popping right now, the spy, the cues, the russell we're seeing some green there d-wack is waking up for its next push. D-Wack looks like it's about to do something pretty crazy. Let's see, let's see you know actually actually actually, let's see if there's something i can do, maybe a little bit of a longer term thing, maybe nah medium term. Let's see, let's see now, okay, we're about 20 minutes in we've identified a pretty solid trend, all right.
All right, all right: where are we at okay? All right? What do we have going on with d-wack d-wack d-wack, d-wack, d-wack, d-wack d-wack? All right, i will go update that um all right, sweet um, someone asked if i like amc anymore yeah. I do, but it's also i mean the if you're looking to like make money. Like i mean this is like i, i suppose, like a part of my life like, i need active trades to make more money. Um amc like it's a diamond handed thing for me.
So if it's not moving, what can i do about it like me watching it you watching it isn't gon na make the chart go higher or lower. If there's volatility, of course we could watch it, we could map it out. We can look at the news. I have no issue with it, but if it's moving and you're like a diamond-handed ape, there's literally no point in watching it like if on days, where nothing's happening like you're just going to drive yourself nuts uh.
But in the meantime, especially if i want to buy more amc like listen, i i wasn't fortunate enough to lock in uh some ungodly amount of money in the i don't know, let's say in the craziness in june, so i needed other plays to make more money. So i could buy more stocks that i want to buy uh so right here. This is why we're always watching the things that are moving, because things that are moving is where you make money. So, for example, i just made a play on dwack and i actually need to update expiration all right.
So everyone on the the locals page uh - i just posted my new dwack play for this guy right here, all right riot coming down a little bit, which means that mara also has to be coming down. Oh mar actually holding up a little bit better how's the spy. Looking the spy's pushing it got over 450, which means that the next level of interest on the spy is 453. Let me just map that out for everyone, uh, there's a very real shot that we're pushing all the way up here today, right there there we are uh.
This was an amc channel. No, it wasn't. This was a stock market commentary channel and for almost an entire year the things of extreme interest were amc and jimmy. I actually started my channel way before that with a future stuff, algorithmic training, and then i talked about gamestop and then i talked about gamestop and amc and that entire time i was talking about tesla.
If you watch me at any point throughout 2021, i doubt there was a single week where i somehow didn't mention tesla or apple or microsoft. Folks, this is what's going on in the market. This is how to make money in the market. This is demystifying. Some of the confusion - this is not a cheerleading channel. There's enough other channels who sit there and watch it. They're like oh, it went up a cent. Oh, it went down a cent.
Okay, no one's selling. This thing: okay, apes, cheerlead, cheerlead qi, read folks you're in the markets to make money, and on top of that for me personally, not only do i want to make money but yeah, i like amc and gme, because they're the symbolic representation of making the market more Equitable for everyone involved, i'm never going to give up on that fight. I have my amc and gm in public, but like in the meantime, as things are going, because the wheels of regulation and justice are obviously so. There is no issue with you making money in other superior plays, at least on this, like mini intraday basis, a multi-day swing, don't you want more money like there's this concept of going all in on one thing is so silly you owe it to yourself.
You owe it to your family if you're developing this skill set make yourself some money have at it, there's nothing wrong with that and don't let anyone tell you that there is the spy taking a little bit of a hit. Let's see how this all goes, amc and jimmy made you recognize uh yeah yeah. No, they did. I mean i had a very small following before it and then amc and jimmy exploded.
It uh, but that means you can't evolve and get better and teach other things. That's like what saying to like a musician man like that album really made you. You should probably never make more music ever again or talking to an athlete man, you winning the like nba finals, the nhl finals, the mlb finals, the the world cup. That's like really, what got you known you? You probably should stop right.
There uh, like i just the mentality around that is like it's literally the opposite of progression. It's like everyone's, like campaigning that people should be like a stick in the mud of like nope. You did one thing and you should never ever evolve whatsoever. I just don't get it.
The constant phrase with shorts got ta cover 100 still true. They have like they don't have an infinite amount of money. You they're not gon na pay. This loan fee every single day over and over again like until the end of time, eventually shorts cover.
You can hold a long position for as long as you want with incurring no fee. The same cannot be said about shorts they're, going to be paying a daily fee and that's exactly what the cost to borrow is, but remember the cost to borrow, isn't like if you were to hold it the entire year uh. So if you want to know what they're paying daily, you would split that, basically, you divide it by like 253, which is roughly the amount of trading days within a year. People are really excited about shiva. What's going on with shiva shiba popping, what was there news on sheba at any news on sheba sheba? He knew with iwm rop it rocking higher amc should be coming back around jimmy uh. I wish they were doing a little bit better. I mean with the russell, pushing its intraday high. You would think a little bit more logically, that aim scene and therefore because of amcgme as well, cfei uh d-wack breaking out.
What is the news on hang on? Let me go over to let me go over to the news sites: shiba shibishi bishiba latest top bitcoin above 42, 000 shiba inu rallies 29. But why? But why? But why? But why is it just like technical momentum? It doesn't look like there's a news update on sheba. Well, i'm happy that i'm still holding my shiba people are talking about floki, it seems just like. Is there anything? That's not green in crypto right now, it just seems like everything's green in it.