The Week Ahead (Stocks, Options & Crypto)
The Matt Kohrs Show (Sep. 17th)
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The Matt Kohrs Show (Sep. 17th)
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#Stocks #LiveTrading #Options #Futures #StockMarket #Trading #CNBC #Inflation #News
Please be sure to LIKE, SUBSCRIBE, and turn on them NOTIFICATIONS.
Let me know in the comments if there is anything I can improve on moving forward.
Thanks for Watching!
RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
You guys got to check this out. Look at this. Look at this. Look at this thing.
I Just bought. Did you guys see that? You guys see that it's just a kangaroo pouch? You guys, do you understand the B barriers? The fashion barriers I Am taking down right now, day in and day out. I Have absolutely no qualms with just seeing whatever mainstream fashion is and just completely hurdling it and doing it. the next best thing next.
Best thing: This is the type of comfort I need when my fantasy football teams are they looking suspect to say the least? So I need to distract myself with new forms of fashion and hanging out with my kitten to not realize that I Am uh oh, what is she doing? You could just awkwardly see this on the camera here that she's just going back and forth. What's up Dude? What's up Dude, You want to say hi? Want to say hi? What's up dude? What's up Dude? huh? Comfy, you? Comfy? Yeah. just becoming an old Catman At this point, dude, she's just chilling. This is about her nap time of the day so she doesn't get really too amped right now.
What's up, Dude, She's been eating like a horse though. however much a horse eats that's how much this little thing eats. and she's like five lb. six PB on a good day and she just Chomps down like no other.
But alas, the point of this show is not to show how my fashion is literally top tier relative to any other content creator streamer out there that's already been well established. We're actually here for a little bit of a Sunday fund day I Kind of wanted to think maybe just maybe we start to do a Sunday hangout thing where a little bit of a review from the previous week, a little bit of a prep for the upcoming week, and hey, maybe a little bit of sports gambling if there's some good games on on a Sunday but really, just inherently a cryfest of when all of our fantasy teams are absolutely losing. So kind of a chill: Sunday Everyone bust out your own kitten, bust out your own kangaroo sweater cuz it's going to be a little bit chill, a little bit chill dude, she is just relaxing. This cat has no care in the entire world.
I Wish I could lower this. Will it go low enough? Oops Nope. just broke something. you guys are like.
every so often you're going to see like a random like cat ears pop up. If she's just she right there right below frame, you'll just have to. You'll just have to trust in me that it's actually going down. Matt you H bro, your eyes look rather heavy.
No, this is what happens when I don't put makeup on this. Is it. Sober as a bird actually just crushed the gym after I realized like my teams are already getting Destro trying to be like a productive Sunday I'm feeling good about this Sunday but um, you have cat allergies of course I do. but that's why I just load up on antihistamine which I haven't had in a minute.
But regardless, Yes, Yes Yes yes, we have lots to talk about. For example, we should talk about what in the world's going on in the market. But before we get into that, let me show you how poor things are going for me right now. So even though it looks like I'm ahead, Please understand that this guy Mr Joseph Burrow, who is my quarterback on both of my fantasy teams is arguably ruining my life. This is the second week in a row he's underperformed. but it doesn't stop there. Obviously, my running back, my running back both these guys. they should get fired.
Why do I have them in there expecting 14? They give me seven. expecting 12 gives me four. Are you kidding me? At least Devonte Adams He's been crushing it and honestly Trin Burks he did well. Uh, Hunter Henry he's playing for the past.
so I hope he does. Okay this guy Mike Evans He crushed it. Um, definitely that guy somewhat saved me. But the underperformance by Josh Jacobs and Damen pierce it.
It's it. Don't get me started. Don't get me started. Don't get me started.
And then in my other league once again I Have burrow? Uh Josh Jacobs All right. he did a little bit better, but still greatly. What are you doing there? Greatly underperformed Uh Haris I I'm hoping Harris can crush it tomorrow I have Tyreek Hill should crush it Uh Darren Waller I I Guess not playing or attempting to play but not shown up thus far. Zero points Mike Evans really crushed it Cowboys currently playing so we'll see how that goes.
Dude, what are you doing Piper Uh. Overall though, burrow I mean I watched the Buffalo game the Bills they are doing I Just dude I can't get over burrow in my running backs I'm just not having luck with my running backs I'm definitely not having luck with my quarterbacks, but that's where we are. Uh, so I figure I figure why not do something a little bit more productive then realize how I'm going to get like absolutely spanked in fantasy. But on the positive side, Penn State won and the Eagles won.
So my the teams that I'm supporting beyond my own fantasy teams, at least they're crushing it. But with all that being said, if random things come up on the screen, just understand it's because the cat is on actively on the keyboard. What are you doing? Dude? where what are you are you? Oh, don't fall. Did you guys just see my own father cat like reflexes I almost had to catch her.
You see that jolt that was so deeply rooted in the basee of my brain? There was no thought there, just instinctual that you just got to catch a falling whether it's a pet or an child when they're obviously I know you guys are all streaming and you have children on your tables as well, but just that instinct to instantly grab them anyway. I Actually do have a purpose in doing this. We have some important things to get into that I think will give us a better framework for the upcoming week. A little bit of political stuff just because I could see it being intertwined with what's going on in the economy.
Uh, but I really want to run into the major things of the week? A little bit of a recap of last week and also um I've noticed some interesting things in some charts. Um, so a little bit more of a calm, cool, collected Sunday chart review type of a situation. the United Auto Workers Chief rejects 21% pay increase offer as a noo, so definitely swinging for it. United AER United Auto Workers President Sham said he's unmoved by an offer of a 21% pay raise from Santis. Uh, as the strike against the big three automakers entered into its third full day, it's definitely a no-o We've made that very clear. His comments signal the union and Detroit executives are still far apart still is Chief Operating Officer of new or excuse me I wanted to say uh where anyway North America I was trying to read about where these plants are I don't think anyone's in New Mexico uh I know it's three of the highest producing ones. Uh, specifically I think the large forward SUVs Um, but scattered throughout the US is basically what you need to know anyway. offering Oper for North America Said Saturday that he was disappointed that Union rejected what the automaker considers a compelling offer which included a quote unquote solution to protect jobs at an idle Jeep plant in Illinois Um, well shout out to the fact that Penn State destroyed Illinois So this isn't a run-ofthe-mill I guess Union standoff worker walk out I Mean it's to the point that the White House is getting involved White House Team to go to Detroit earlier this week to help to help resolve the UAW strikes.
So Biden obviously it's going to be his team like he's not going to be going himself. But I mean there's strikes like obviously paying attention to AMC You have the writing strike, you have the acting strike. There's various forms of strikes going on, but this one and the potential hit to what's going on in the world of cars. um, obviously, particularly auto manufacturing.
this could become a big deal I mean we're three days into it and the President's already getting involved. so something to pay attention to, especially if you're watching stocks such as Ford or GM Toyota Basically, any of these automakers watch for some to be winners, for some to be losers just paying attention to the news in general. obviously. I assume when a deal is met I'm looking for all these related equities to go up McCarthy says us shutdown would be self-defeating for the grand old party.
the GOP which is just a weird name for Republicans if you didn't know, House Speaker takes on GOP hardliners in Fox news interview end of month fiscal year deadline has royed house Republican So still in the world of politics obviously we're looking at another potential government shutdown in a couple weeks. House Speaker Kevin McCarthy said he wants to avoid a US Government shutdown because it would undermine his party's leverage in negotiations over spending cuts sought by Republicans I Want to make sure we don't shut down I Don't think that is a win for the American public and I definitely believe it'll make our hand weaker if we shut down. With the federal government rapidly approaching, it's September 30th. So right now I'm filming this on the 17th so we have about 2 weeks at uh, the end of the fiscal year. the Republican leader cited signs of progress on getting spending bills through the house. He didn't provide specifics, well, didn't provide specifics. We know they fight about this stuff all day, in and out. but I think this particular time around, the average person the average Joe and Jane like you and me.
Um, I could see people getting really angry here. Actually like particularly angry here because Zalinsky is in town and obviously he's come with his little can out looking for a couple billion dollars Zalinsky to meet US Senators amid threat of blocked spending, Zalinsky is also set to meet with Biden at the White House meeting occurs ahead of the imminent Federal funding deadline. Top: US Senator leaders will host an all members meeting with Ukrainian President Vladimir Zilinsky on Thursday according to a Senate leadership, Aid As House Republicans are preparing to block a Biden Administration for request for 20 24 billion in emergency Ukraine war funds every time I Hear any of these numbers related to what we're doing with Ukraine It truly blows my mind. It absolutely blows my mind because we're just coming up with billions.
We're not talking about thousands or Millions We're talking about the fact that they come up with billions with a be out of nowhere and then yet I hear other issues like our own migrant issue right now in the US I'm in New York and right now literally all weekend people are fighting about this of we need to help them. We shouldn't help them this that the other thing. There's a lot of people on both sides of the argument and obviously money can help resolve it. I Hear about what's going on with the Vets or really the lack of what's going on with vets and how the US doesn't really treat them properly? Give them the the care and the I guess like various forms of assistance that they need.
Uh, I Hear about how social are you jumping up you coming up? I Hear about how Social Security is basically not going to be around when I'm there I Hear about issues with college I Hear about so many problems that are here in the US and then yet they're like, okay, we'll give a couple billion more to what's going on in Ukraine and it it just truly blows my mind. Zilinski is expected to meet President Joe Biden at the White House the same day traveling to Washington after attending the United Nations General Assembly. He's expected to seek renewed commitments by Us leaders to help Ukraine's fight to regain occupied land from Russia. So that's all go down this week.
obviously. L we have some strike stuff. We have some potential government shutdowns. We have some potential handouts going out. All this obviously the political I guess tensions You could argue that they are mounting, but on top of it clearly could have an impact on the economy. This next story, not so much, but I just wanted to cover it since we're talking about politics. Trump says he doesn't worry about going to jail I don't even think about it according to Donald J Trump the former president of the United States former president Donald Trump is losing sleep over the prospect that he could end up behind bars I Don't even think about it I'm built a little differently I Guess because I haven't had people come up to me and say how did you do it sir, or how do you do it I don't even think about it I I I Don't know if that's necessarily the most cohesive answer, but he doesn't even think about it I'm built a little differently I guess because I have had people come up to me and say, how do you do it sir, how do you do it I Don't even think about it Hey I'm walking here. hey, it's New York I It's Huge I'm I Don't even think about it.
You might think it's a huge problem, but it ain't no huge problem I Don't even think about it. So apparently he's not thinking about it. So that's what Donald J Trump is up to. So once again, maybe not a direct impact on the economy, but secondary tertiary.
Right now, he's actually continuing to pull away in the polls in terms of the Challenger race. obviously for Republicans Speaking of that, I Believe In a week or two, we have the second debate coming up. I Actually don't know. Does anyone know is he going to be at that one? Does anyone know if Trump is going to be at the second? Uh I guess Republican debate the primary debate uh I don't know.
off the top of my head so I was just curious. if any of you know it off the top of yours Cool. A Sunday stream doesn't Looks like we're all outside of the No on that particular one. Uh, but I guess at least Trump does interviews that could get Biden in real y 2024 Hey, maybe.
But anyway, obviously the President has a huge impact on the economy, so it's good to kind of understand who most likely will or won't be the next president. Now let's zoom into the important things. For all my degenerate traders who are in here, these are the things you need to be paying attention to this upcoming week because it's going to be a crazy one. So on Tuesday September 19th Tuesday So Monday's a little bit boring, but Tuesday September 19th CPI out of the Euro Zone and also building permits here in the US on Wednesday So the Fomc meeting starts on Tuesday concludes on Wednesday at 2 pm.
we get the interest rate decision and then the chairman of the FED Jerome pow will be speaking at 2:30 on Wednesday Thursday the initial jobless claims existing home sales and then we get PMI numbers on Friday. So this week the major thing is the interest rate decision and I'm fully expecting volatility. Tuesday Wednesday Thursday Like, without a doubt, because of all of this. On top of it, we have some earnings. We're not really in earning season or anything like that, but I just want you to know after the market closes on Monday Stitch Fix on Wednesday Drenal Mills Uh FedEx Darden Restaurants on Thursday I actually care a lot about FedEx just because there's this old adage that FedEx really is a good almost barometer test of. Is your economy doing all right? Is it not doing all right? So I Want to know if FedEx beats or misses on its numbers to get a better idea of maybe the economy is doing good? Maybe the economy is doing so watching the FedEx numbers on Wednesday before we get into the seasonality for the week I just want to let you kind of know where we're at. We're about halfway through September and I after we get through this, you could argue the first third is a little flat, a little to the upside, the second third clearly to the upside, and then the final third obviously pretty bare. So this is the historic seasonality for the S&P 500.
Obviously, this is by no means a guarantee, but it's good to know. Are we running into headwinds? Are we being supported by Tailwinds This is the general picture for September Uh, kind of a noteworthy volatile month now for this particular upcoming week: I Just want to let you know that Monday is definitely bullish. Monday September 18th is a very, very very bullish day and then you have Tuesday that's eh, kind of in the middle. Uh, Thursday for excuse me Wednesday for the longest time was nothing but.
over the past couple years has been selling off and then you get to Thursday which actually does favor the Bears and then Friday Also favors the Bears. So we basically have a super bullish day, then a neutral day neutral day, and then a bearish day, and then a bearish day. So bullish, Neutral. Neutral.
Bearish. bearish. That's generically the seasonal pattern for this upcoming week. Um, while we're here.
obviously. I Just want to show one thing to you really quickly, but it's not really. Shilling Because it's 100% free. we have restarted the newsletter.
This comes out every single week. You could get it for free. if you're watching this right now. sign up.
It is pinned to the top of chat. It is in the description of the video. It is free F Re You get this newsletter to your email box every single weekend and what I do is give you kind of a quick breakdown of what's going on. I Let you know all of the major Market events I let you know all the major earnings I let you know all the seasonality and then I've added in two new sections.
Whoa! Two new sections. No one said he could do it, but he did Well right here. An update on the option strategy I Know a lot of you are interested in Zer DTE options. so I've been working on strategy: It's not perfect, but it's getting right to where I want it to be. I think there is still room for some improvements but I'm still happy with it. Uh, so these are the results from week one. it went 6 out of 8 75% accuracy which this strategy when you back test, it hits about 80% of the time so it's pretty much converging even within one week on where it should be. um Monday Tuesday Wednesday Perfect perfect Perfect 2 22 so Monday Tuesday Wednesday went 6 for6 on Thursday it did not do well.
it ended ended up missing these were the two misses and then on Friday I didn't trade it because it was a quadruple witching day and I didn't really know how it would do with all that volatility. so I just didn't like give any signal or anything like that. But anyway, 6 out of eight, 75% accuracy if you care about zero DTS this this is for you. Check it out and then also and I want to do this.
Live with you right now! Um I've added a new section called charts of interest and let's just go through it right now. You know what? Why not? Let's get crazy with it. I think I made a whole new I called it art for article. um crazy crazy naming right? So here's a quick look you see at the S&P 500.
Uh, what I'm personally looking for is a break of this wedge. It might come this upcoming week just because we have that Fomc decision on Wednesday and then Jerome Pal speaking. oh I Forgot to mention this. But with that Fomc decision, I am fully expecting that there's going to be no rate change.
as in we're going to just stay exactly where we are are and the markets fully agree with me. In fact, let's give you guys a the odds of no rate change about a 98% chance that we say exactly where we are, which is 5.25% in terms of the Federal fund rate, 98% chance that we are not going to move. So obviously there could be a surprise. To the upside, there could be a surprise to the downside: I'm not expecting a surprise I Think we do get another rate hike most likely coming in November But obviously my thesis on that may change based on CPI reports.
Pce reports retail sales uh, unemployment reports. There's a lot that goes down between now and November 1st which is the Fomc meeting after this one coming up this week. So anyway, this upcoming one on Wednesday I'm not expecting a rate increase, but I'm expecting the market to either go up a lot or down a lot based on what Drone Pal does or doesn't say. So obviously we're going to be streaming that whole thing, so mark your calendars for this.
Wednesday But anyway, in terms of price, actions and charts and technicals, this we're obviously consolidating. Uh, we have lower highs. We have higher lows. This is the classic wedge in terms of technical patterns.
This is actually the least reliable one. so this would be referred to as a a bull flag or whatever you want to call it. Here's the flag pole. Lower highs, higher lows. It's making a flag. a bull wedge. Whatever. There's a lot of names for the exact same thing.
Basically, what you need to know is it was trading up into it and then all of a sudden it started to make a pennant. It's a bullish pennant. There's so many names for all this crap. But anyway, what you need to know about this one is it hits with about 55% accuracy, favoring the upside a continuation.
So it's a little bit better than flipping a coin. But honestly, in terms of technical patterns, this is probably the least reliable one. So I'm not necessarily saying I'm betting on the upside I'm just saying I'm waiting for either the breakout or the break down and I want to play it accordingly. So that's what I'm watching.
Obviously, this is the daily chart for the S&P 500 waiting for the breakout, waiting for the breakdown. Now, what's actually been particularly weak is the tech sector. Uh, you can obviously track it with the cues QQQ But anyway, so the Q's up until Wednesday August 30th had their own little wedge kind of going on. Lower highs, higher lows and it broke out, came down and people were like okay, failed breakout but uhoh nope, fake out Breakdown: We're tricking those tricking the Bears pops again and they're like all right here.
we're going to get going but no look at this. it got smacked perfectly to the point that it's now potentially a failed breakout. but we're also watching this bottom side support so we 369 I would argue is very, very important for the Qes. so that's what's going on in the Spy that's what's going on in the cues and there are a couple other interesting things or as I said charts of interest that I think everyone should be paying attention to Microsoft Microsoft almost broke down on Thursday September 7th recovered almost broke down again on Tuesday September 12th recovered and then clearly this time it feels like the third time might be the like charm.
So I'm just watching it. Clear technical breakdown on Microsoft Looking for a break below and a ho below 329 could lead to a little bit more of a capitulation. Obviously this is shorter term stuff in the long term. I Still love Microsoft I Just wanted to bring up the fact that there's a clear breakdown and we Clos below the trend line when we concluded the trading of last week, the other one I'm bringing to your attention is NVIDIA Nvidia is coming to an very important test.
There's this clear trend line after the Gap up from its earnings back in May late May of this year. so Gap up higher highs, higher lows almost broke down here in mid August but saved itself and actually pushed to a new all-time high. Well once again, we are coming to this test so definitely put it on your watch list. I mean it's either going to bounce or it's going to break I don't know which way it's going to go I don't like to be predictive like that I like to be reactive and really, when I say these charts of interest I'm saying hey, there might be a point to react pretty soon. here. and folks I mean I Alluded to this in the newsletter here. Once again, if you're tuning in right now, sign up for the newsletter. It's completely free.
it's pinned to the top of chat, it's in the description of the video. and if you want to become a premium member and get all those Zer DTE trade ideas, take them if you like them. do the opposite if you don't like me. whatever.
but um, you can use the code goon and that'll get you one month free of Premium to see if it's appropriate for you. But anyway, my final one is Carvana which I'm more shocked than you the fact that I'm talking about. but I was just going through charts I mean on the weekends I like to review about whatever 100, 200, 300 different charts and this one jumped out to me cuz it's looking so insanely bullish and it's in. It's ridiculous that I'm saying that cuz historically I was like no way will Corvana keep going but we have two bullish patterns: cup handle touching at 56 the previous High looking for a breakout and rip there but that's also now inverse Shoulder Head shoulder so cup and handle is very bullish.
Shoulder Head Shoulder inverse I mean in terms of technical patterns, before we were talking about bullish pedant being a very weak one head and shoulders and inverse Head and Shoulders shoulders they hit with about an 80 to 83% accuracy. They're actually really really good. So bullish. Inverse: Head and Shoulders Bullish cup and handle It's bullying my mind and now I'm saying this: I have no position on Carvana I might create one but I'm a shocked as you guys that I'm here telling you that Carvana looks really really good and that's in fact because it does look really really good.
So I just wanted to put Carvana Nvidia Microsoft the Q's and the Spy all on your watch list because I think we're coming up to an interesting point. so I wanted to share that all with you. Now that's pretty much what I had planned I wanted to make this Sunday thing basically a way to get my mind off the fact that my fantasy teams are getting absolutely annihilated, to the point that it's embarrassing. but hey, it is what it is.
Uh, but most importantly I wanted to go over the charts that I think you guys are interested in I wanted to review these zero DTE that you could also get on locals all the seasonality I mean this what you're seeing right now this I think it's a pretty solid newsletter, but hey hey, that's cuz I made it it is free F re pinned at the top of chat in the description of the video. So if you want this all once again for free, sign up. Check it out. No harm, no foul.
um I think you're really going to enjoy it and obviously if you have any suggestions for other sections you want in the newsletter, reach out to me DM me Myspace me do whatever you need to U more than willing to hear you out if you're like hey, I think this could like, really, really work. um I know one other section I'm definitely going to add is a a robot report. so obviously I'm doing this zero DT Option strategy. You could choose to do it if you want some of them. All of them, none of them opposite I don't really care, it's up to you. Um, but this is the option strategy I do I am working in the background on the actual trading strategy so when that one gets fully up and running I'll be doing a robot report in here as well. But other than that, if there's something else you want in here that I'm capable of doing more than happy to include it. um, if if you guys so choose now.
with that being said, um, any questions, comments, concerns before for like uh I I kind of want to turn it over and do a little bit of Q&A uh, just in case there's any charts, you guys have any questions for me. any Just Thoughts Anything about Futures crypto options? uh, any of that stuff, anything, anything, anything. if not, we could call it an early one today, but I assume there's probably charts or something you guys want me to break down or if you have questions about Futures because we've been doing a lot of Futures questions about Prop accounts even though I'm by no means an expert I'm now just I think I'm doing this same thing at least according to Reddit that everyone does with Prop accounts and continuing to blow up, blow up, blow up, Palente tier. What's my thoughts on Paler? Well, if you want to know fundamentally what's going on with this company, I would highly, highly, highly recommend you check out Tom Nash just because I know he's been covering it for a while, but the first thing that jumps out at me in terms of price action is a pretty obvious Head and Shoulders Um, this head head and shoulders this way is obviously bearish.
Um, so I would be very careful with this neckline around $14 if it can hold $14 and kind of get back above 16 17. Yeah, all right, maybe a retest of 20, but just be careful. shoulder, head, shoulder. So in this time frame, if it snaps this neckline, it might potentially be setting up to take care of this.
downside Gap fill that it had after its own earnings now I Am by no means the person who's like, really, really informed about the fundamentals of Paler. but I know it's in the world of AI software Predictive Analytics I Like that I Think it's a growing field I Know Paler gets a lot of its own revenue from government contracts I Think that's a pretty good thing just because that's a very like secure business partner. So fundamentally, I don't think it's much to say. like going out on a stretch, that like the people who are involved with this company, the field that it's in and then also its major customers tells me that it's like pretty good odds for long-term success. But once again, I am not the expert on it. and in the short term I'm seeing the fact that like, hey, maybe after the fact that it ripped 167% in 60 days, um, 60 trading days, maybe it just needs a little bit of a breather. What's your opinion on AI companies um I Like them I Think they're here to stay obviously I think there's a bit of an AI bubble going on right now. So I think things need to kind of revert back to like normality.
but I think in the next 5 10, 15 years a Ai and the company supporting AI will just become like a major aspect of our day-to-day life more than they already are. Unity Software, please! they're partnered with Apple Unity Unity Unity Unity You know, obviously I mean it's marked up on my chart I Have it here. It's just kind of range bound. So in terms of capital efficiency I think there's better opportunities out there cuz this one.
it's just not a nice. Trend We're not nicely trending down anymore. We're not nicely trending up anymore. it's just just actually arguably been range bound ever since May of 22.
So I would just need some sort of major breakout or breakdown to like kind of care about it a bit more. Um, but hang on I think I miss another one from you Matt you're getting thick. Clearly the algorithm is screwing you. You're only getting better.
Appreciate all you you've done and you continue to do happy. Sunday Oh, that's so nice I appreciate that. That's very, very kind of you. Uh, someone's asking about AMC how's AMC doing? Um well.
literally just in an all-time low on Monday September 11th. Um I Know that there is a new proposal from AMC out and I'm not fully informed in it. so I need to read it tonight. or maybe I'll go over on stream tomorrow with all of you guys.
But there's a new like shareholder meeting proposal and a lot of people are taking issues with proposal number five which I guess from like a legal perspective says that the officers and the board members aren't like legally cable or something around there. once again I have not read on on it I'm going to read it up either tonight or tomorrow on stream with all of you. but it does seem a little suspect to me that board members are trying to legally protect themselves at this point. Um, so once again, there's a new.
it's out there. It's proposal number five that a lot of the sick Fant are saying yeah, we got to say yes, they should be protected and other people are saying wait whoa whoa whoa Why are we giving them immunity? Why are we giving them a get out of a get out of jail free card? Um so I'm not informed on it at this moment. but I will be going over it to inform myself. So just something for everyone to look into.
um anything else. Any comment on Rum today? Rum Rum Rum. So uh, once again I don't actively trade rum I am invested in rum and the reason I'm bringing this up is as we go through these stocks I want to let you know what I am trading, what I am invested in and other things I'm just commenting on but no position. For example, I'm invested in AMC I kind of wish I wasn't because I'm losing a lot of money, but maybe it comes back. Um, that one I'm looking I Want to get out. Rum is a long-term investment for me, So obviously I'm not happy with this price action right now. I Assume the market is a little bit scared because a lot of the board members and officers their lockup period from the whole Spack deal is now over and I think there could be concerned that some of them are selling or maybe this downward pressure is from them selling I don't know, we'll have to look into it. The only thing I can tell you is after publicly speaking with Chris Pavloski, the CEO of Rumble shout out Chris if you're listening right now.
uh, he said that he's keeping all of his and he's like it'll be a matter of time. We'll see who's walking the walk. We'll see who's just talking the talk. Um, but I know the CEO who's the single largest shareholder.
It sounds like he is more than ready to continue to hold and hold and hold with all of us investors. so we'll have to see. We'll know from the Fintel. we could check it out on Fintel and the filings and all that stuff.
Um, but I know Chris Pevos is a large old like owner and then a lot of just the other board members who have been with the company since it's in are large Equity holders in it too I don't I don't think they' be getting out anytime soon, but to be fair, that's what I thought about AMC and Adam Aron and he at one point sold 91% of all of his stock and now he's just letting the coffers get refilled with his new payment schedule. Um, so I It's tough for me to make any solid predictions on that. Hey, Matt can you explain how you define key levels or other levels like are there weekly levels stronger than daily? Um I look at all those uh I guess So that's a really good question. Are they stronger? So I guess when someone ask me if a level is stronger, I would interpret that to mean that the breakout or breakdown is less likely as in it's strong.
Like that breakout, it'll get smacked or the break it down and it'll bounce off of it. I Don't know any statistical numbers. The stats of Oh is a breakout more like likely on like a daily High versus a weekly High High If anecdotally I would think that the weekly and the monthly breakouts and breakdowns are stronger more important values than daily just because I think as whenever you're shortening your time frame, let's say from monthly all day all the way down to 1 minute obviously the shorter the time frame, there's just more volatility. There's more Randomness So that would be my knee-jerk reaction.
but unfortunately I don't have like any of the numbers memorized to recite to you. Uh, but for me I very much care about daily breakouts and breakdowns weekly breakouts and breakdowns but more than just that I like to pay attention to is it just wicking above it? So a good good example of this is the Spy Um, actually let me show you on this chart. So right here see how Thursday September 14th see how it just like we barely got above it. We barely touched it and then it got smacked. So that's a CLE clear rejection. So for me, especially in my short-term trading, whether swing trading day trading I like to pay attention to are we going up to levels and when we get there I want to know did we get above and close above or did we get smacked the way we did? So the fact that on Thursday we came up and got smacked. That would lead a lot of people to believe that the Bears are a bit more in control and look at that the very next day we sold off. Now a interesting thing to point out here on the opposite side is even though the Bears were pushing things down, they didn't get it all the way down to an important test from the low of Thursday September 7th of 44275.
So this is going to be my key watch area for the market when we get going. Uh, obviously as soon as tomorrow I Want to know? Are we going to test this? and when we do test it, are we going below and closing below and continuing to sell off? Or we going to bounce and make our trip back up to this upside Gap L of 4477 to Um. Also, do you see a problem with tokenized stocks? thanks in general, Do I see it? No. I Think there should be better accounting, but if you're referring to when people are talking about like the FTX tokenized AMC that's just a bunch of baloney.
Their AMC at no point in time was ever associated with a crypto token. In general, I'm a fan of stocks trading with technology backed by a ledger where we know who owns what and it seems like it would help with Ftds. So I think that technology could be employed? Um, but if you're referring to like the tokenized shares that people try to bring up with FTX understand that it's complete how consistent the one minute chart strategies can be. I mean I I Don't want to sit here and tell you that there's no one minute strategy that works, but understand the shorter your time frame, there's more Randomness so it is more difficult to make that work.
Matt Have you tried trading stocks on Bing x no I've never even heard of it Carvana Kevin already went over it. Um, just re rewind the the video a little bit. Um, Carvana looking surprisingly good in my eyes. Surprisingly good.
The Tesla chart Tesla I'm looking for the upside Gap fill. Uh, we have an upside Gap fill to 28952 Uh, we were talking about this for a bit I mean I Remember, hang on, let me just clean up this chart so it's not as crazy looking. Um, all right there we go. Uh I remember it was what Friday September 1st I was saying hey, if Tesla can get above and close above 259 I'm looking for it to keep going to the upside. Um, right now. Yes, it could run into this trend line at 280 and get rejected. but uh, obviously my eyes are drawn directly to this upside Gap fill from the low on Wednesday July 19th at 28952 I'm a long-term Tesla bull in the short term I'll actively trade it just because it has phenomenal volatility. but I really think in the longterm Tesla will continue to really just crush it I Really really do? Uh, what do we have? Affirm FM Here we go.
Oh, crushing it uh I mean I wouldn't go long now cuz you're late to the party not long ago, was at 15. Now it's at 24. Um, nice breakouts to broke above 20, broke above 21 and some change almost 22. Looks like its next logical Target would be this upside: Gap fill at 2586.
Past that you have another one at 297 and past that you have another one at 3528. It's obviously looking bullish. It has great momentum personally. I Wouldn't enter here just because I'm late to the party.
But if you're in it, dude, ride it. Ride it. Ride it. Ride it.
Um, when do you pick to trade spy over SPX options? if I do that, it's more of a financial thing, but I'd prefer to always trade SPX options over spy just because. and I'm by no means a tax professional, but from my understanding, there are tax advantages to trading SPX over spy. So the only time I would be trading SPY is just because SPX is more expensive. So if I like if I don't have enough money or this or that or the other thing um, but it with the exact same amount of money I'd prefer to trade SPX arm.
Well, there's not much technicals we can do on arm because it just started trading, but we could look at this popped up, everyone looked good, came down uh I mean arm out side of like its own company might struggle if the cues continue to get hit. So just pay attention if if the tech sector is struggling, obviously arm's going to be struggling. Uh, when trading SPY do you lean more on the daily or weekly gamas? Uh, I'll pay attention to both I Think it. I Don't think there's one perfect answer to being a profitable Trader I Think you have to take in a Confluence of things and kind of understand if the Market's leaning a bit one way or the other.
I'm not a person who sits there I'm like this is the only thing I use and that's the only thing I'm going to pay attention to because I don't think trading is that simple I Think it's a very, very complicated thing with a borderline infinite amount of variables, so you're going to have to take various things into account. So on that one I would look at, um, various gamble levels, various breakout breakdown levels I would take in as much information as I possibly could uh thoughts on arm in the long term I Think it'll be successful? Uh, just because of the sector it's in and obviously it's a very popular chip designer. Uh, if you've really used any advanced technology and I'm talking like your phone, you've used something most likely designed in part by arm. Um, obviously they have relationships with AMD Nvidia It's in the world of processing chip. so if you think that data centers AI gaming if you think three, those three fields, or one of those three, but probably all three are going to continue to grow, yeah, we're going to need things like M Uh, AMD Intel Nvidia Qualcom Arm To me, it's that field is one of the fields I'm most bullish on in the next one to two decades. Uh, what else? What else? What else do I have any cheese it recipes? uh I don't know if that's your question because this emojis blocking it. yeah oh it is. Do I have any Chee it recipes? My main cheese it recipe is to bring a box of Cheez it'ss with me when I go to Texas Roadhouse uh uh Netflix Netflix was getting hit this past week.
Yeah actually almost a pretty clear breakdown. Shoulder head shoulder had one more push to save itself after a bit of a liquidity grab. shoulder head, shoulder, liquidity grab in mid to late August pops up another liquidity grab getting smashed. Uh, the next thing I would look for on the is the downside level of Netflix uh to 38376 it is the Gap from Friday May 26th to Tuesday May 30th right here.
the high from this day 38376 is what I'd be watching but if it somehow bounces off of that and gets going, there is an upside. Gap F to 470 can I check out gold? Sure uh GC Futures boring sideways that that's what I'd be watching. Watch this trend line. uh perfect one two three hits right here I'd be watching for the touch to the upside in the break or obviously to the downside you could be watching this trend line.
Uh patience patience patience. break out and hold break down and hold. That's what I'd be looking for. So I I Don't see an active trade right now I would just be as patient as I possibly could.
All right, All right, All right. All right, well folks, that's what I have for you for right now. I'm going to catch you streaming tomorrow morning 9:00 A.m. Bright and early.
You better be there. Or I'm going to drag you out of your bed and force you to be there. Uh, but anyway, sign up for the newslet. It is completely free F re pinned to the top of chat in the description of the video.
Um, and if you want the premium membership, just use the code gooni G N I e you're going to get seasonality. You're going to get the major Market events, You're going to get earnings you're going to get um, the zero DTE trade Update: You're going to get my charts of interest. It's all free. Check it out.
Pinn To the top of chat in the description of the video I Appreciate you spending a little bit of your Sunday evening, afternoon, morning, whatever time it is for you I appreciate that you spend even a second of your day with me I Hope you have a good one. Hope you have a good evening. I'll be catching you tomorrow morning at 9:00 a.m. Bright and early. Peace out Girl Scout a.
Someone is selling the shit of RUM,
Average daily 400k!
Padt two days 8mil!
He’s not worried because he knows it’s all bullshit it’s pretty easy to see
If the government shuts down, thats bullish for bonds 😂
Do u have cat allergies?
Of course i do 😂
Curious your thoughts on AMD chart.
Appreciate the Sunday fundamentals drop to prep us for Monday
Love the video. Thanks Matt
Thanks Matt
Who cares about the rate or not rate change! It’s gonna be papa powell’s ‘old man get off my lawn’ speech that will cause the tanking of all tankenings!
Love this kind of videos!
I missed class also! Was trying to find a good new comfortable office chair. Any recommendations would be great. Tall and skinny. Anyways thanks Matt great fashion today.
are you going to stream the FOMC meeting?
love the thumbnail
Dam sorry i missed class… don’t tell teacher I’ll be caught up by class tomorrow though i promise
MOON GANG!