Foreign back uh, uh right, hello, hello, hello, and i hope you are having an awesome, tuesday february 15th, whether it's your morning evening afternoon night, i hope, you're having an absolutely fantastic one. It's gon na be a crazy day. It's gon na be a crazy week. Lots of volatility like we saw yesterday and i see no signs of that slowing down today now, if you've been checking out pre-market things are pretty green, but the big question, the golden question is: will this last? Will this be a legitimate bounce? We've found a higher low and we'll keep ripping higher, or is this more of a bull trap scenario? Well, as we get going before that bell goes ding ding, ding, ding i'll be going over kind of.

We have some bullish developments, but we also have some bearish developments. We have very positive stuff going on with the tensions calming down between russia and ukraine, but we have some bearish developments as it relates to inflation. The producer price index, so we're going to be getting into all of that, and then i also have some very, very interesting news, as it relates to amc, jimi, actually, some of the most bullish news. I've actually seen in quite a minute related to those two.

So i'm very excited to get into that, and then i have some other updates uh particularly related to tesla this morning, but before we all get into that uh. Just a quick shout out to hey this stream is brought to you by a brokerage that i've been partner now with for months public.com, if you're in the us check it out public.com coors. It's currently pinned to the top of chat sign up. If you haven't already, it is free to sign up, they will pay you to get going up to 70 in free stock as soon as you open your account and get a valid deposit and no payment for order flow.

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Uh be partnered up with all of them over there great company, all right. So with all that being said, here's the quick snapshot of, what's going on yesterday kind of a weird day we had a big push, midday and then sold off and the reason things sold off is okay. Things were not looking good with russia and ukraine uh, and then they were saying. Basically, people were like saying we're gon na get wednesday, as in tomorrow.

That's when the invasion's going down and then all of a sudden we started ripping into clothes when they're like no. No, no, we were just being ironic, so super super weird action and then post market trading not much going on and then pre-market. We saw a nice gap up and push push push all the way until 7, 30 and then, as you can see recently, things took a little bit of a bearish turn across the market and we'll be getting into exactly why that is dow futures up s, p Futures up nasdaq future's up oil down this all makes sense because, as tensions are calming down in russia and ukraine, well yeah oil, okay, that should like be a little bit of a relief there. So price is coming down and obviously bullish beneficial to the overall market.

So this stuff, thus far tracking, but i want to point out that yields are once again above 2 at first. This might not seem like much, but it's actually incredibly important at 8 30. This morning the producer price index was released. On thursday, we had the consumer price index basically month over month year over year.

How expensive are things getting for consumers, just the typical things that you buy and for the last month it was supposed to be 0.4. It came in at 0.6, which means year over year, we're up 7.5. Now today we got the producer price index. What's the cost to for basically materials to produce this stuff? Well, expectations were 0.5 and we came in double that wholesale prices rise.

One percent we came in double the expectations and now over the past year, it's up 9.7. Inflation is hot, it is white hot. It is very, very high. This, the relation to the stock market to the crypto market to the futures market is well with the economy.

Recovering at the rate that it is right now we're getting a bunch of reports of corporations are allowing their employees back to business. Uh mass mandates are being lit up, unemployment's low, there's a lot of new jobs being added, that's all pretty good so with the economy. In a position of strength and inflation high, that's pretty much the go ahead for the federal reserve to be pretty pretty hawkish when you're hawkish. That allows you to fight inflation, but a side effect of it is being less accommodative for the overall market.

So this is the kind of weird and distant connection, but a connection nonetheless, of seeing this inflation this high and now with the economy. Well, the side effect is going to be headwinds. It's going to be a bearish impact on the overall market. So, let's see what goes on on thursday, the way that played out, which was also a white hot inflation report at first in the morning there was a push and that lasted until about 11 12, a couple trading hours into the day and then from there.

It sold off in the remainder day. I don't know how today's gon na play out but seeing this report. That leads me to be a little bit bearish, but on the bullish side we have this. Dow futures jumped more than 400 points, as russia pulls back.

Some troops from ukraine border, so we have some positive developments there. It seems like they're doing their best to solve this in a diplomatic way, uh just trying to get it done with talks um. There are some reports coming out that a lot of this was just drills and then there's additional reports that they're going to be doing some navy drills in the mediterranean today, but once again, they're saying no, these are all just drills. This is not an anticipation of an actual armed conflict, so this is something that we obviously have to pay attention to clearly have to pay attention to.

But what we were going from midday till today, i would say the tensions have calmed down quite a bit which, for the markets, is a bullish development and it's also just a positive development, because it we don't need world war, three, okay, so that's kind of the Bearish update the producer price index, but then the bullish update is the fact that tensions are coming down so kind of a little bit of a pulling back and forth. Currently, the other things you need to know about today before that bell goes digging ding ding, ding stock futures jump after russia says it's pulling back some troops awesome. That's a good development! There oil slides on apparent ukraine crisis easing after monday's surge, igor khanna, shenkov, khanna, khanna shenkov, that's a sick name, igor khanna shinkov, a spokesman for the russian minister of defense, said troops recently posted to russia's southern and western military districts, which border ukraine completed their drills And have already begun loading onto rail and road transport and will begin moving to their military garrisons today, so they're saying hey, this is all just drills and everyone needs to kind of simmer down. Let's hope that that's actually true and obviously because tensions are coming down and just russia's connection to oil now that those tensions are coming down obviously makes sense that oil is also taking a breather.

Intel expands in specialty chip making with 5.4 billion dollar deal, so it bought israeli chip maker tower semiconductor for 53, a share which is a 60 premium, but intel ever since it had its breakup with apple about a year ago. Um, it was kind of down, but now it's really picking itself back up making some pretty impressive moves. Not only this, but it's trying to make the low environmental impact low voltage chips for btc mining uh. They already have a deal with grid uh, which is a btc mining company, so intel definitely making some moves and trying to do what it can to really capitalize on the crypto space.

Buffett's berkshire buys activision shares adds to chevron's stake. Now. Buffett has a 1 billion with a b dollar stake in activision, and that's kind of interesting makes me wonder if he knows something a little bit about the activision microsoft deal that maybe we don't know about so something to pay attention to uh this guy's, not commonly That wrong tesla bear david einhorn makes new bet against uh tesla, so right here he long put so basically he bought a bunch of puts 100 000 shares of tesla with a notional value of 106 million. So he did it through the derivatives market through puts.

But it's equivalent to 100 000 tesla shares betting against tesla uh. Granted this wasn't the most recent filing, so the position might already be closed. We don't know uh, but just wanted to share that with you, because it does tie to some of these updates. Elon musk donated 5.7 billion worth of tesla shares to charity in november, according to a new sec filing, so people are kind of liking that, but what they're really liking tesla doing pretty good in pre-market right now, tesla gains after elon musk reveals his stake in the Ev maker has risen to 21.2, despite his recent stock selling spree.

He still owns over a fifth of the company, the fact that he is still going up and up and up uh that's being met, but with a lot of enthusiasm. If you look at tesla right now in pre-market, looking pretty solid in terms of some other companies, we should be paying attention to so marriott uh. The i've been paying attention to marriott just because i'm using it as the hotel industry as a gauge of okay is the world quote-unquote bouncing back well. Marriott did pretty well with its earnings announcement, so i'm expecting hilton to do the same.

Tomorrow morning, after the market closes today we have airbnb and roblox. Tomorrow we have shopify, like i said hilton, some crocs, just if you're a stylish father in here, then we have nvidia palantir roku draftkings. If you want to take a quick screenshot of this or just go to earnings whispers on twitter, i'm a big fan of this account because i'm always trying to pay attention to the main earnings that are on deck. So that's what i have for you there and the final thing i want to talk about uh.

Actually i want it. I have an interesting amc, gme update, but before we get into that, i just want to quickly give you a an idea of what's going on. So still pre-market is still green. The spy is currently up 1.18, the queues are up 1.6 and the russell is up 1.2 percent.

So yes, yesterday was a weird whipsaw day today, most likely gon na be another strange whipsaw day. We have a bullish development. We have a bearish development, let's see what the market puts more weight on overall, though, for the s p, 500 i'll be watching 446 as the first resistance and then i'll be watching 440 as the first major support in terms of the queues. We have a very nice gap up and remember when we gap up like this, there is that statistical argument of a gap fill so it it might happen today.

It could very well happen today, but the fact that we're going to be opening at a price higher than yesterday's high higher than yesterday's high that produces a gap there is a statistical edge to playing these gap, fills um. Yes, you can break down the ads. The odds of like that day that week that month, that type of thing, but overall, if there is some weakness at some point today, that's a very legitimate trade on the overall market is to play a gap fill in terms of the russell once again uh this One won't have a gap, but i'm looking for the breakout of 205 and we have support at basically 200.. So that's your breakdown on the spy, the cues, the russell, and there is a very, very interesting development that i have for you.

Let me just get this ready for one quick. Second, hang on. Let me switch over to this all right. I have an interesting story to share with all of you.

I've been trading now for a little bit over a decade and it took me quite a few years to actually get any form of consistency and one way that i found consistency was actually kind of interesting. So in college i didn't know what i was doing. I started off as a mechanical engineer and then i ended up switching over to computer science. Just because i had this neighbor during one internship.

That's like i'm a coder. You should try it out and i started coding. I was like what is this, so i started coding sophomore year of college and then when i started that i decided hey. This is for me.

Let's study computer science. Let's become a software engineer. Well at that point during college i was learning also more about training. So i become fascinated with this idea of making trading algorithms, i'm not talking about high frequency training, i'm talking about just a system of like hey, if it's two red days in a row, what's the chance of day number three being a green day and just kind Of back testing that data and coming up with systems that given enough data points, was net profitable, so i started that journey and there's great lectures online.

There's great articles online there's many many books and i really dove into that and one of the i guess stories that was just so incredibly fascinated was this professor from mit who actually runs one of the most successful hedge funds of all time and we're going to Be getting into that in a second, but this is a guy that really really inspired me because it was a mathematician doing it. This wasn't a traitor. This was a guy who said, let's break down the math and just find whenever we have an edge and play that over and over and over again. Well.

This is the thing that, like really inspired me to get, take training more seriously and really get into my world of algorithmic training, and it's so so interesting that we are now at a point where that guy, the guy, who inspired me to get com started with All this is now officially in amc and jimmy he's been in it, but as i'm about to show, you he's actually upping his bet, which really has my mind. Turning because what are his quantitative models telling him about the current situation very, very exciting stuff. So let me switch right back over to this, so we can dive into the specifics of the story. Jim simmons rentec fund nearly doubled.

Its amc stake, reinvested in gamestop and trimmed its tesla bet last quarter. So this is a guy mathematician from mit wicked smart and he's made a lot of monies about by applying his knowledge of math and statistics to the world of the markets. Rentec one of the biggest and best performing hedge funds in history was founded by jim simmons. A former nsa code breaker and mit math, professor, the quantitative fund, trust algorithms, to decide many of its trades, resulting in significant changes to its portfolio each quarter.

This is what i'm talking about. This is not a human. These are a bunch of. I mean the last time i looked into the composition of the company.

It has about three to 300 employees, a hundred of which all have phds and they're in stem. It's like astrophysics, math engineering. These are a bunch of brainiacs who are using math to figure out whatever patterns they can and right here. The quantitative fund trust algorithms to decide many of its trades, which is getting me wondering what are these algorithms currently seeing about amc and gme simmons fund ramped up its amc bet by 87 to 4.7 million shares last quartered.

It tripled its stake in the movie theater chain in the second quarter of 2021, then boosted it by almost 40 percent in the third quarter, meaning it has now increased it nine-fold in the space of nine months, a nine-fold increase in nine months by one of the Most successful hedge funds on this planet rentec also disclosed a holding of two thousand six hundred game, stop shares worth about four hundred thousand at the end of december. After exiting the stock in the third quarter, the fund previously owned 5.1 million shares of the video game. Retailer in the mid point of 2019, which have been worth up to 1.5 billion for a brief moment in january 2021, when a short squeeze uh capitulated, gamestop shares into the catastrophe, um kind of crazy. They catapulted gamestop high high high.

Obviously they didn't get a chunk of that it would have been worth 1.5, so they exited, but now they are once again back in and this is from the most recent quarter filing so hopefully this catapults for them again into the future, but um in the next Quarter, we're going to be able to see did they up their bet more because, obviously it seems like they're in the tactic of slowly but surely adding, obviously even just using amc as an example with gamestop they're back into it, and i'm curious now with the next Reports, if we're going to see a little bit more purchasing a little bit more purchasing, obviously time will tell, but just to explain why. I think this is one of the most bullish, positive updates that we've had on amc jimmy in a minute. Let me just share a little bit more about this um, so why the medallion fund - this is a particular fund at renaissance technology, aka rentec, why the medallion fund is the greatest money-making machine of all time. If you have heard of renaissance technologies, this is exactly the one run by simmons the secretive quantitative hedge fund from long island founded by mathematician jim simmons.

Then you probably know about the fun stellar performance. But what you may not realize is just how outlandish that performance was so once again. This is a particular fun within the hedge fund. They have multiple funds like that they're running there, but check this out.

We don't have to get into all of this, but look at this, so the black lines on the left are its performance relative to the s p that year. Well, as you can see, there are commonly absurd outperformances just year over year. Look how much these black bores are dwarfing, the blue bars. That's the medallion fund versus the s p 500.

This is its performance over the past three decades and it is commonly crushing the overall markets. That's how impressive all these quantitative algorithms are, and that's exactly why this is a little snapshot of the performance of just one of their funds, but overall the fact that these people, their algorithms, are telling them to increase by nine fold their position in amc and to Re-Enter in gme, obviously i'm not a fortune, teller and they're, not a fortune, teller either, but damn their their algorithms are definitely borderline fortune tellers. So i'm excited. Obviously, i don't know how it's going to play out, but it's actually making me even that much more comfortable in the current situation involving amc and jimmy.

Obviously time will tell but to me this is a noteworthy bullish update and just to finally wrap all that up. Just so you know for today, tuesday february 15th, amc is currently sitting at a short interest of 21.5 percent, with the utilization of 100 and for gme we have a short interest just below 22, with the utilization also of 100. That's the update of just where we are roughly in mid feb all right. Let me bring these charts up just for you.

A quick second uh. Amc in pre-market is up 2.7 uh hanging out at that key level that we've seen recently that 1825 level we want. It to hold that level, that's been very, very important, pretty much ever since mid-jan, so for the past month we've been watching those lower 18s. We want amc to hold that and then we want to see the push to the low 20s and in terms of gme.

We want to see a recapture of 120 and i want to see a test of 130 and watch that support at right around 110.. So that's your quick chart breakdown. How are we looking in pre-market? I think today's opening is going to be kind of a crazy one. I really really do just with the bullish bearish tug-of-war situation that we currently have going on uh i'll, be interested to see how this all plays out.

In terms of my own, like active positions that we've been posting on locals there, i still have the bear spy call credit spread uh the bear call spread on the spy 458 by 459 that one's still, obviously looking good because we're nowhere near 458. I still have those uv xy calls and then on the futures market i still have the nasdaq uh. I sold a contract, so a bearish bet on the nasdaq. So those are my active positions.

If you have been paying attention over there on locals, i just want to give everyone a quick update to that someone said someone said rumble's down. I don't think it is just give it a quick reload, dallas jackman trump angel, all right, we'll just get him kicked yeah dallas jackman! Don't worry about it! I'll! Just send that guy's name to um my manager connection point guy trump we'll get him kicked. You won't have to deal with him again, gon na go down all right. Thank you, dallas all right.

So with all of that, we have about 10 minutes, and i know i went through a lot, but i wanted to give more time back to all of you. Folks today, because expect high volatility, so i think with all that and all the recent developments and just all the insanity, i wanted to give you a little bit extra time just for any questions that you have before the bell goes: dingy ding, ding, ding uh. On my end, i mean we should be cruising today, uh, if you're having a problem on rumble, youtube or twitch. I mean today we are cruising cruising cruising um, so you might just give it a quick, a quick reload yeah.

I think i'm just checking my numbers over here. Oh, if you haven't already um gapfill on the spy very very possible and just to better explain what a gap fill is. Okay, so we're roughly. Let me oh let me do it like this.

We're roughly gon na open right around here 444 and some change we're going to roughly open here today, which is going to produce a gap, because today's open is going to be above yesterday's high, as in we have not traded in that region. That's the gap. There is a statistical edge to playing gap fills, so today's gap fill would be the high from yesterday, 441.60 uh. So four: well now this is uh and you could see this on the qs and then today the russell does not have a gavel, but right here there is a statistical edge to playing this.

Let me make it a little bit more specific. 440. 160.. This line right here might come today might not come today might not come at all, but i would be absurdly surprised if it does not come uh just because i know the odds behind these types of gap fill plays so 440.

160. If you were looking for a quick downside bet on the market today this week this month, something like that there are statistical models, backing that type of a play: good news on russia, de-escalation, 100, lover of ducks and apes. I love it. Oh before that bell goes ding-ding-ding-ding today, folks uh, if you guys, could help me out as i'm waiting for these questions to come in, if you guys could all absolutely annihilate that, like button, it really helps me out with the algorithm on both rumble and on youtube.

Um, so if you haven't already hey completely free - and it's really honestly, the only thing i ask for well, i would also say, if you haven't already don't forget, to join up with the moonging by hitting that subscribe button. Um, just so you know if you are subscribed but you're, not getting notifications uh on the subscribe. There should be like a little bell icon. You could click on that and switch it to always, and you should basically just get like a little notification.

Whenever i post a video or go, live or something like that, uh damon wright, did this guy sell hey, you could check for yourself. All of my positions are available on public. You can see that i'm in amc. You can see that i'm in gme.

You can see that i'm in prague you can see that i'm in corsair. It will let you know also if i sell. So, if you want to check for yourself, you don't have to take anyone else's word for it. You can see it with your own eyes with no screenshots, no photoshop, you can log on go to public.comwords and you can see exactly what i am in did trey lose his mind.

I very much hope not why what happened with trey? I hope he didn't lose his mind. I i don't know, can i look at b kkkt? Happily happily, happily, i really thought there would be a whole more host of questions this morning b, k kkt has a pretty decent short interest. Uh had a nice run kind of a weekday, but then we're getting this nice pre-market push up seven percent. I would still be looking for the breakout above eight.

The tree bought a shanty uh, that's hilarious, um! I would be looking for that generally. When you see a run like this, and then you get your first red day, that's typically a bearish development and then all of a sudden. That's when shorts really start to attack as they let the run come. They like wait for that first sign of weakness and then they kind of go from there uh.

So i would be a little hesitant and i would just make sure that this green in the pre market is actually going to hold. So i personally - and this is kind of a rule - that i've been kind of expressing to a lot of you for some time now. Is i really don't like to make new positions in the first 10, 20 30 minutes of the day. I want to see if it's just the pre-market action is whipsaw or not.

Our news is crazy. Half says russia is pulling back. The other half saying moved into attack position. It is 100 crazy and that's a little bit related to my rant yesterday of it's just all bs like it's.

It's so absurd that not only do we have to go out of our way like to find the news which hey that's normal, but then you have to take the second step and like vet it and ask yourself if it's true or not the fact that we Can't trust our mainstream media is absurd, and it's also the reason why, if you like them or don't that's exactly why someone like joe rogan is joe rogan: it's because they people just don't trust, mainstream media. When are the minutes for the last fed meeting out tomorrow? Good luck today, mr john cusack, what's going on? Oh man, what do i think's happening to tesla tesla? Had some good developments tesla's having a very very gap up by 28 right now, uh from yesterday's close and it's related to this news right here. Tesla gains after elon musk reveals his stake, and evmaker has risen to 21.2, so the recent news was all about him selling blah blah blah. Well, it's actually because of just how the vested options ended up working.

He actually has an increased position in tesla all right. We are about two minutes out. What do i think about a lucid straddle uh, as in you, just you don't know which way loose is going to move. You just think it's going to move.

I mean the ev market. Had a nice push yesterday loose it up. Six percent ribbing up six percent tesla, two percent tesla's now, obviously up higher uh in pre-market. You know in terms of risk reward, you have some bullish divergence.

The stock has sold off, it's gone, lower and lower and lower, but now the rsi is higher, as in there's more buyers now than there was previously. I actually just kind of like the risk reward setup. You could choose to risk 26, and maybe you get some upside if you want to be a long-term investor, you're buying it on some weakness or if you're looking for a short to medium term trade, you could target 31, you could target 34 and you're, not risking That much be careful, though, just because the market could be under some pressure today with the ppi development, the producer price index, that's not something that we should all just shrug our shoulders and be like. Oh yeah.

We know inflation is high. This report can have a noteworthy impact on the market and, honestly, if we didn't have a positive development with the russia, ukraine thing, i think the market would have sold off to an even more noteworthy degree. I think the reason we're somewhat holding on to these pre-market gains is because of the positive development with russia, because if it was just the ppi data, this probably would have been coming down. I mean the ppi was double the estimate.

That means inflation is absurd and the people who are paid to figure it out and figure out what should be going on we're off by a hundred percent. Do i know the rsi on amc, i mean it depends on the time frame on the daily time frame. You're, currently at 45, so pretty much neutral, but rsi takes into account the most recent like x amount of bars depending on how you have it set up. So if your bars are the daily well, then you're looking at the daily rsi, but you could be looking at the one minute, the monthly, the weekly the four hour uh.

So it changes based on your time frame. Matt matt check your dm love. You all we'll do kinky kong man. That name always cracks me up, always always cracks me up.

I'm cooking a pop tart all right. We are 10 seconds away from ding any ding ding ding. Just so you know the opening bell brought to you by public seriously. Sign up check it out, pin to the top of chat, no payment for order flow, no market makers - oh much better way, in my humble opinion, to engage in the market ding any ding, ding ding, the casino is open.

Let's see how this pans out today. Let's see how we're really going to get going uh, how is the market gon na react to a sky-high level of inflation? I'm i get why, in the pre-market session as tensions were calming down um, i really get why we had such a push but uh the uh size. The magnitude of the push i thought was pretty noteworthy once again on this s, p, 500, 446 and 441. Are the main targets 446 and basically 441 and some change? Actually it's 445.85.

Those are the two things i'm watching on the spy if we push 445.85 and get over that i'd be bullish. If we come down to 441.60, that gap fell then i'll be watching. That are we going to bounce off of that, or is it going to be a breakdown, but i think that price level on the overall market will act as a magnet and boy. Oh boy, is there a lot of green wow? Look at all this green amc up: four percent gme up 3.77 prog up four ribbing up 4.85 tesla 2.5 bbig of 5.6 cfei is up 3.

Everything on my watch list is in the green, except for hex, but literally every equity i have on my list is in the green right now, so a very strong opening. Obviously the golden question is: is it going to hold? Is it going to hold look at all that that it's not, i feel like recently, we have not had days like this, where everything's in the green. Can you explain how to use order flow order flow is a generic term of just seeing what else is going on in the market? I would assume you're referring to the options market order flow, so you're using it just to basically see what the whales are doing or aren't doing but you're using that information to understand how other people are positioning themselves in the market and then whether you agree with Them or disagree with them tells you, if you're going to bet in their direction or against them, but order flow. I mean kind of a generic term and i'm assuming that you're talking about options but you're, basically just using the information of other participants to decide what you will or won't be doing.

But i mean you could dive like, for example, you've probably also heard the term order flow in terms of payment for order flow uh. So that is a completely different type of order flow and that's when your broker, such as robinhood or weibull uh, sells your orders to retail wholesalers such as citadel securities or virtu. Those are the two most popular ones, pretty much a duopoly of market makers and basically that order flow is whether you're, buying or selling it's getting fulfilled by that other player. So if you buy and or sell a stock, well citadel or vertu will be taking the other side of it.

So if you buy, they sell it to you. If you sell they're buying it off of you, that's another term of order flow in the market, but different than like the options order flow kind of a generic term, uh kinky kong. What else do we have all right, thus far the spy? Looking pretty good? Oh, that's awesome, probably nothing the gme marketplace! Application people are getting approved, that's pretty cool! I applied for it to try to become a creator on their nft marketplace, um i'll! Hopefully i get an email soon. Did i already get an email, not there? No, this is what happens when you have too many emails.

I personally haven't been approved unless i'm missing it, but i'm looking at my emails. No, i haven't not yet fingers crossed all right. We are coming up to that. First level of resistance on the s p.

500 for 45, 85, currently trading at 445.40, so off by about 40 cents, 50 cents, something like that. Q's also showing some strength, amc, not it got knocked below its support and then recaptured. It would love to see amc hold on top of 1825 jimmy at 120. You definitely want it to hold 120, but uh man, oh man, we're seeing some other movers as well we're definitely seeing some other movies.

What are some of the biggest gainers on the day? Three percent rivian right here. Up 4.8, we have bb ig up 5.3 percent uh. What else do we have? Uh nvidia is up three percent they'll be having their earnings tomorrow. Earnings announcement interesting interesting, interesting, very, very bullish.

Opening, let's just see if it holds because uh i just want to give you a quick reminder, and i'm not saying it has to play out this way. But i just want to remind you of what happened on thursday. What day would a thursday have been thursday, thursday thursday would have been the 10th? So this is when we got the consumer price index, so at 8 30 in the morning we got the negative report that inflation was very, very high, so it sold off. We rallied all the way until about 10 45, so for about an hour 15 we rallied and then from there.

We just got pummeled and it got really bad around 12 45 and that's when they started coming out with some pretty hawkish statements. Some members of the fed - so i just want to give you this quick reminder of what happened on thursday. The last time we got an inflation report that was pretty pretty high uh. Obviously, it doesn't have to there's no rule that it like has to play out that way, i'm just trying to make everyone uh.

I guess well aware of some of the previous patterns that we've seen in the overall market. I would love for it to buck the trend and obviously time will tell, but i'm going to be closely watching that level. Around 445 and 85 cents, ish um, amc, nice retouch of the low 18s bouncing off of it would love for that to hold bbig still struggling at three dollars and 30 cents would love to see that break out above 350.? When are we going to get results from the emergency fed meeting uh? There isn't like a particular scheduled announcement or time we're just kind of awkwardly waiting. Just a heads up, candy nfts just dropped their nascar collection, half price for first 500 minutes.

Three free drops for the bundle their mlb blew up uh. I don't really know much about it, but hey if you're into the world of like candy nfts. I haven't heard of that particular like collection or anything rug. Pull incoming kramer is even bullish.

I guess time will tell, but hey if kramer is bullish, makes me feel the opposite. Let's see see, i'm watching, let me mark out my exact level 445 right there nope. Why did that not? Mark 445.85 is what i'm watching on the s p. 500..

I also think i have a cold. You know how you could feel it in your throat. You could just tell that it's going to go downhill. What are your best at-home remedies to get rid of a cold, because i'm all hopped up on sudafed dayquil? I took some zinc, some vitamin c, some vitamin d.

What's your best at home remedy, all right, how are we looking? We got some green. What else is very, very green, jimi backed holding at 121, showing some strength right. There rivien the most green but bbig steam room raw garlic, a bicycle, alcohol, rum, hot toddy, cocaine, interesting interesting suggestions, jimmy really waking up right. There bbig looks like he wants to push 330 again interesante we're seeing some bulls jack daniels screaming in the mirror that you're supposed to have potential always cleans up my ailments.

I like it. I, like the cut of your jib hot toddy, i'm bullish on them, whiskey, hot water, fresh lemon juice, cinnamon, nutmeg, hot toddy. A lot of hot toddy supporters in here will amc hold above 18 today. I hope it does, but uh.

No one really knows those types of the the market is a game of odds, a game of trends. It's not a game of like anyone being 100, certain there's, no such thing as a zero percent chance or 100 chance in the market, just not how it works. Nothing is ever ever guaranteed when it comes to any individual equity etf, future crypto option. Just it's it's a game of it's, not black and white.

It's a big game of the gray area in between it's the odds like this percentage chance, and are you paying attention to the trend? Is there going to be a trend? Continuation? Is there going to be a trend reversal uh, it's that type of a game all right, so we had the s. P 500, thus far, undershoot it by about 20 cents of the target that i was watching. But let's see, if it actually still has some has some umph in it. The queues are getting hit a little bit harder.

But once again this has been such an interesting trend that we've been seeing. The russell has definitely been outperforming outperforming the other two indices um at least over the past week. Now the small cap sector definitely outperforming uh thoughts on walmart for earnings um. If i were to go on to some of the recent consumer companies they've been pretty good.

I don't know why walmart would all of a sudden like buck that trend in a bearish manner, so i'd actually kind of be bullish on it, but i'm also not the biggest fan of just playing in earth like earnings are 50 50 shots. I don't really like to make a bet like right before earnings because, like i said it's a 50 50 shot um. I actually feel more confident about hilton's report, because marriott did so well. Uh marriott came out this morning and hilton's come out tomorrow.

So uh kind of feeling, good about hilton's earnings and also nvidia nvidia, just excluding facebook most of these classic tech plays have been doing very, very well by robin hood. Calls you will hate yourself so much you will forget. You have a cold. Oh man, man, oh man, let's see, let's see the spy looks like it's coming up to decision time.

Does it want to push this resistance, or is it going to go below 444 80.? The russell looking pretty good cues, not as good as the russell and spy somewhere, the spy has a pretty good intraday chart, but percentage-wise it's actually up the least right now: amc and jimmy simultaneously being hit. Does that mean that the russell is being hit yeah we're seeing some red in the russell right as amc and jimmy take a little bit of a ding uh rivien, still holding its four percent gain, but looking a little we're seeing some dipping cfei just kind of Flat d wack at 81. bbig getting smacked at 332. uh we're kind of seeing dips in a lot of equities across the board right now, rivien, lucid prog gme, a lot of things showing some selling the question is: is it just going to be a higher low? Is it just going to be a higher low, uh jimmy not holding on to 120 in amc's, currently at 1812? I would love for this to recapture 1825., all right so on the s p, 500 watching that level and on the queues watching basically 353..

Let's see, let's see well a little bit of a uno reverse card situation going on right there. It showed a little bit of weakness and buyers were like nah we're here we're here we're here, spike vale pays out for what are you talking about? What is veil? Oh, their earnings are february. 24Th. All right looks like we are gon na get that quick test.

Let's see if we're gon na get the test on the break s p 500. Coming up to my first target, let's see, let's see a little like, i said, a little bit of an uno reverse card, all right, we're seeing some strength, we're seeing some strength, uh, how's, tesla, doing tessa having a great great day. Hey! Is anyone uh crushing any tesla calls right now melvin morning, matt morning, melvin hope you're having a great day tesla, really crushing it actually all right. So i had the target of what was it of 85 for 45.85 and we're getting close.

We hit 78, and the reason i came up with this was just previously get support, support support from february 3rd, all the way to february 8th. It just seemed like it was an important level, i'm curious. If it's going to get rejected here and then prompt a gap fill play to that 441 level, i wonder i wonder time will tell time will tell so uh, i'm just trying to see if there's any news, oh actually i'll, just show it to you uh. So here we have benzinga putin says we see nato at our door says we want to solve the issue of possible membership of ukraine in nato.

Now says we will hope our partners will hear us. Putin says russia will act according to how situation develops, but we want to agree with partners: uh bitcoin surges, republicans of u.s senate banking committee to plan to boycott meetings scheduled for vote on federal reserve nominees. Russia putin says: there's genocide in ukraine's don bass region says we have to solve problems of don bass. Russia's putin says we don't want war in europe, says.

Decision on partial withdrawal of troops has been taken interesting, all right, so that is what we have going on. Currently, in some of these russian developments, let me see uh what the other breaking news is. Let me check some of my favorite sources. 57 seconds ago.

Putin we have concerns. Negotiations might get stalled. That came out a minute ago. Uh putin says we want to solve the issue of possible membership of ukrainian nato.

Now, okay, so something about ukraine, nato and the negotiations getting solved. This is all obviously very fluted real time. That's the news coming out about russia, i'm trying to see if we can find any fed developments any fed developments for all of us. Uh hang on.

I have one more source to check one more source to check republicans on u.s senate banking committee plan to boycott meetings scheduled for vote on federal reserve nominees. That's a little bit of a development, but no development on the emergency meeting, um the queues breaking down from their intraday support, not their daily support, and now i'm watching the intraday low the spy doing the same. You know my target 440 160 on the daily, but in an intraday target. 443 50 is my new target right here, just kind of a scene of the crime type of a deal.

In fact, let me see if i actually can play that really quickly. If i'm fast enough, uh the q's already testing theirs right there, the q intraday low, let's see if it's going to bounce or break that came very, very rapidly uh. Just looking for the spy. Let's see how it reacts to 443 and a half 443 and a half q's easily found buyers.

Uh amc flirting around 18 right now coming off of 18.50, thus far not successfully holding that 1825 level. But let's see how this actually ends up playing out um. It seems man whatever this russia crap, it's just producing so much volatility. This is a tough trading environment.

If you're right, you can make a lot of money, but it's as you can see high high volatility tesla holding flat at 907 if it can hold above 905. That's pretty strong, but if the q's vomit, if the spy vomits tesla it'll, be tough for it to like go against that trend, uh how's the russell. Looking the russell also dipping this pressure, this bearish pressure is going to relate to pressure also on amc. Let's take a quick sneak: peek on gme bouncing off of 119.50 would love for it to recapture 120..

Thus far, jimmy has traded. Uh 000 shares, which is very light for jimmy and amc, has traded 5 million, and we are 22 minutes into the day. That is also pretty light: 5 million for 22 minutes into the day, so both amc and jimmy has have a low amount of volume traded. Thus far.

Today, um things are still very green, though uh prague just went red but overall, like i know that we're seeing a dip on like this intraday trading right now, but overall, don't forget, i mean amc's up 2.14 gm is up 2.5. The spy is up 1.2. The queues are up 1.6, the russell's up 1.7 um. Look at that bounce intraday low bounce, like we hit this minute, whatever two uh, the q's, strong bounce off of that 75 cents and still going clearly found some buyers.

What are the whales doing with this? Iwm? Put put, put q, put xle, put, put roblox call going into their earnings this evening. Tesla call tesla, call spy, put tesla put nvidia call call call going into their earnings. Q puts what else do we have? Q puts iw input. Q put so it looks like some individual equities, uh roblox, nvidia tesla, getting some calls, and then some of the etfs for the overall market are getting.

Some puts seems generically to be the whale trend of the day. Sorry on this page whale trend of the day, iwmq spies getting puts most likely because of the ppi report and then individual equities that are about to report such as nvidia roadblocks, they're, doing good and then also tesla. Even though they're not about to report. It was more of the fact that yes, elon or bowie elon now owns over 21 of the company himself in terms of crypto we're seeing a nice push in btc east, really the entire crypto sector.

We will be talking more about this in the crypto stream at 2 p.m, on crypto cores, if you're on youtube, if you're on rumble, you just have to stay on the mat course channel, but look at this beautiful pop 40, 200 or forty two thousand up to Forty four thousand, ah the q's with a nice pop, is it gon na hold this time it was like a quick flush and pop at 353, as the amc right here, amc trying to recapture uh the qs as the spy. All right we're seeing amc bend back around right as the russell's trying to bend back around rivian going down intraday still green tesla bouncing off of that 905 level. We've now tested it. I would say three times we got the breakout support, support support.

That's nice, bbig! Trying to battle once again at 3, 30 up five percent cfvi just hanging out at 15.. Let's see as the title of this stream goes bounce or bull trap are. They? Is this legitimate bulls and they're overpowering the bears in the overall market, or are they going to rug? It actually i'll ask all of you that so in terms of the spy, the cues and the russell, do you think this is a legitimate bounce that should be bought, or do you think that it's a bull trap and they're about to pull the rug uh? Would love to know your thoughts, rod, pull or no rug pull rug? Oh, we got some negative nancy's in here. Bull trap, rug, rug, rug, rug, rugrik, everyone calling for the market rug.

The answer is c for crime. Oh man. Oh man. Definitely, lots of lots of rug, pull opinions all right.

Well, i took a little quick trade on the spy and i'm just trying to get some trying to just play it back down to this intraday low. I don't know if it'll bounce or break but hey i'm just looking to pay off my cheez-it bill. I guess we could make it an official pool all right there, i posted so now we can get the exact the exact data for all of you. It's it's kind of just in the middle of that no man's land kind of trying to decide make sure option c is in there uh it doesn't.

Let you do it. You only get two. You only get two amc recapturing 1825, which means nice gme, recapturing 120.. Tesla strongly holding above 905, especially with that relief bounce in the queues, especially with that relief bounce in the queues the qs are up.

The cues are leading the charge today up 1.75 wow. Look at that pop. Look at that double bottom pop 350: 25 ma'am. You could have put it right at the intraday low and that would have been a beautiful entry.

A beautiful entry, reverse jinxes talk crap about the market. One way to do it uh. This is actually such a strong pop. Germany's schultz says: nato.

Eastern expansion is not on the agenda currently, okay, interesting interesting. Is there another development like this is a strong pop. If you've been paying attention to virgin galactic, that's up, i believe they are selling like tickets. I think they're like 150k uh, but some business development there putin nato, is trying to contain russia that just came out five minutes ago.

Putin says nato is trying to contain russia, don't know what it means, but it sounds. Provocative won't allow delays in talks to hurt russia's security, so it sounds like putin's really really focused on having talks and having them fast all right about to hit my quick little target on the spy i'm just calling for 443.50 and for all i know it might Just act like the qs and just hit that intraday low and just rip from there might break down. I don't know, i'm just telling you that's my little quick intraday target. I don't know this is just a wendy's.

Do i know much about xrt? No, i don't let me look it up for you xrt. Oh, the retail etf has a short interest of 290 percent. That's actually a good example um. So xrt is an etf, a basket of stocks that is tracking retail, like retail companies uh.

I'm trying to see some of the companies that are in it doesn't have it here, but here's a good example of when people are talking about the cost, to borrow on amc and gme with utilization and not quite understanding when it's getting like really maxed out. Well. Xrt has a short interest of 290 percent. A utilization of a hundred percent and the cost to borrow is only seven um.

So there are it's not the most common, but there are particular developments that you see it's a mathematical sleight of hand where, yes, you can have a high short interest, a high utilization and not necessarily a high cost, to borrow, it doesn't always happen. Like i said more of a rarity, but that's actually an extreme example right there, xrt 290 utilization maxed out and the cost to borrow is only seven. Actually, let's pull up xrt. What is going on with this retail etf, so strong bets against retail companies just not really moving much lately, i'd be watching for a break out of like 82 and a half xrt, let's see what's in it, xrt etf holdings.

Let's see what kind of companies are in it: carmax carvana american eagle car parts, etsy revolve door dash sig net jewelers, the biggest one is etsy buckle, inc, revolve group, doordash, boot barn, that's xrt, interesting. I've never traded that one or really dealt with it all right. The q's about to make a new intraday high i'm curious. The way we double bottomed and bounces are going to be a double top rejection or we actually going to get the breakout we're just paying this dollar 75 range from 352 25 all the way to 354.

The tech sector bouncing back much more aggressively than the s p, 500 amc recapture of that 1825 level, gme holding above 120, actually pushing 121, definitely showing some strength, definitely showing some strength. What else do we have going on tesla, just ripping higher and higher? This has to be helping the cues quite a bit. This has to be helping the spy somewhat tesla, just really looking good. Today, bbig got above three dollars and 30 cents.

Well, look at that look at like this is just nuts look at the games that they play with us check this out on the qs all right. Let's just hit the exact same double bottom and let's just play the uno reverse card, and just whip saw everyone in the exact same range. That's all it is you think they're just going to keep it range bound all day, just ping-ponging it back and forth. Is our day just going to be always bouncing 1.75 just bounce up down up down, uh i'd be fascinated to know if they're gon na run it back down to 350 25 and just bounce it off of that like look at this, this is perfect, like they're.

Just walking it can i draw this a little bit better uh where's, my drawing tool. No, no! No! No! No is it this one yeah just do and then are they just going to run it right back up. Question question mark is that their plan just want to point that out you got ta love the high frequency traders um, my spy probably got filled. No, it didn't almost did, though uh pretty much hitting my target on the spy right there.

I just unfortunately, didn't get my fill oops tesla quite a bit of strength, quite a bit of strength, length, so potentially similar situation in the spy to the cues of just bouncing right off of the exact opening low.