Oh you first foreign. What is going on? Everyone welcome to the final 30 minutes of the trading day today, thursday february 17th, and what an insanely vulnerable crazy day, and i don't think this is stopping anytime soon. Recently, we had the whole grouping of unknowns between the fed and the whole debacle going on between russia and ukraine. The fed, at least in terms of like how hawkish are they going to be not going to be that calmed down a little bit after the fed meeting minutes, but today man, oh man, uh, like it's we're in one of those situations.

It's just like what source do you trust? What data source? Do you possibly trust and i'm talking directly related to russia? Ukraine are tensions bad. I mean you're, seeing some reports of saying: okay, we're going to pull out. They didn't pull out. In fact, some are saying: there's more there and then it seems like tensions are high and then you have other people saying hey.

No. This is exclusively in the u.s they're trying to make it a thing. That's not a thing, and then you have our president and also the people around him saying wait: they're gon na do this false flag, it's just it's so tough, it's so tough to know! What's actually going on and we're starting to see of really some of the severe side effects of when you completely lose trust in your mainstream media? It's one of these issues where you're in a tense situation and you're trying to just look for it. But now, in a situation where it's tense, you're trying to look for the solutions and then when you get those you have to questions like okay, is it right? Does it align with these other things? What they're saying and the fact that we have to double triple quadruple check anything related to it really shows how far typical media has fallen.

It's it's. It's super sad, but it is what it is. It's not like this is going to change overnight, but what could change overnight is everything related to the current debacle with russia and ukraine. So, yes, we'll be getting into that we're going to be doing some breakdown of these charts of the levels of support.

We'll look at the short interest, the utilization for the overall indices, but we'll also be taking a peek, obviously at amc and gme. I know there's a demand for that, but before we get to that, i want to talk about something interesting recently with the sec and the ape community. There's been a big outcry, for where is the sec? What are they doing? We want answers and we would like you to look into reason x reason why reason z all these happenings. It seems absolutely crazy.

Well, i'm right there with you. I am right there with you. I understand that it seems like if we uncovered the amount of stuff. We have in the past year imagine if we have even more time in shining a light and illuminating the various downfalls of our current market structure and just some of the things that prove that it's very much a tilted game.

It totally is a tilted game and one year into fighting for being more of an equitable market. That's what we're looking for. I think there's been emotional highs and lows of like okay: are we making headway? Are we not making headway that type of a thing, especially when just the process the wheels of justice are very slow? Well, i want to share an interesting thing that just came out today related to the sec particular gary gensler, the chairman of the sec, and it's actually making me feel a little bit more confident in the way things are progressing, and i dare say this guy might Be on our side now i know i know that's something crazy to say, but before i get into it, let me just explain this article we'll dive into it and we'll see if we're in agreement or maybe we're not, but really. I think this could relate to some pretty positive news, so let me switch right over sec.

Chief gary gensler wants to bring the public's trust back to the stock market and even to crypto, and that's a very, very important thing, and i think that's a very big thing like we're, seeing this not only in the markets but in the current political landscape. There's a massive lack of trust. I mean we also see it in mainstream media. I think the quote-unquote average joe among all of them politics, the markets and mainstream media for whatever's, been going on as long as i've really been paying attention.

The trust factor has done nothing but go down down down, so i get it. This is a very good speaking point and obviously time will tell of if he truly means it or not, but i want to get into some of the specifics. Yeah we're going to go over the crypto part, but then i'm really going to dive in to some of this commentary about market structure, payment for order flow and market makers, and it's making me feel a little bit more confident in how this is all progressing. Satoshi nakamoto the mysterious creator of bitcoin dreamed of a world where financial transactions and investing could occur without the need of a third party.

According to the sec chairman, gary gensler nakamoto, fundamentally misunderstood how markets work. You know that might be fair, but before we get into more detail of it, i think it's more of we have so much distrust for the current middleman that we would rather just place our trust in these counterparties, especially that's going to be currently highlighted by the Functionality of blockchain um, so it's more of i i see kind of both points here, but it's more of okay. If we're not trusting these big banks, wall street's politicians well, we'd rather put our trust in our fellow man. Our fellow woman, opposed to these.

Like third party intermediaries, financial finance is ultimately about trust and the official sector has to roll to help instill the trust through a set of rules on disclosure, anti-fraud and anti-manipulation. That just sounds like typical stuff out of the sec rule book recently in the sphere of crypto. It all came down to block five one of the biggest fines ever hundred mil block five um. This all relates to their high interest rate payments in exchange for deposits of cryptocurrencies, so this is about their high yield, account block fine, neither admitted nor denied wrongdoing, but agreed to pay a hundred mil uh a record fine for a crypto company.

This just came out earlier this week that activity centralized on those platforms. They need the investor protection, the market, integrity and anti-manipulation. We're hearing a lot about this anti-manipulation and i understand how that could be uh frustrating jarring to all of you, because that's what we're trying to get like a particular light shown on in the world of like really stocks equities, particularly the functionality of payment for order Flow market makers, uh, manipulative shorting - that type of thing - i think the problem is right. Now the public isn't well protected and there's a lot of folks who are going to get hurt.

That might be fair, and i would understand i'm right there with you of saying. Well, wait you're, the guy who's supposed to be doing the protecting like what are you talking about here, but as you're about to see right here. This is more of the crypto talk at the end, um uh there's some commentary that i think is gon na make you feel a little bit better um and obviously block five. Just took this massive fine and he's saying other exchanges.

Crypto changes should remain on notice. Uh, we'll continue to pursue enforcement actions based on the facts and the laws wherever that takes us. Cryptocurrency is just one market in which gensler hopes to nurture america's trust. He also remains focused on reforming the plumbing of the u.s stock market and bringing it to more transparency and competition, which he says, will lower costs for retail investors.

This is where it's about to get interesting, and mostly most likely this, like you listening right now. This is the part where your ears might want to perk up because um this is literally exactly what we're talking about. A primary concern for the sec chairman is the rapid growth of so-called dark markets for stocks. Talking about ats's, that's dark pools and wholesale market makers.

We already know some hardcore facts here: 90 of retail trades 90 to 95, do not get executed on a lit exchange. If they're not going to the new york stock exchange they're not going into the nasdaq they're not going to iex, they are most likely going to sit down if they're not going there, they're, probably going to virtue most of retail, don't end up on dark pools, but Most, almost all of them end up off exchange. You have off exchange, which is ats's, aka, dark bulls and then market makers. Those two together is off exchange training.

The lion's share of off exchange trading is market makers. Think citadel securities. The issue with this - and this is from the backed up by the statement of the former president of the new york stock exchange, stacey cunningham. She has said that so much off exchange trading.

It really hurts price discovery, because the system is like this, and this article gets a little bit more into it all this off exchange trading, the prices that we're seeing there are based on what we see on the lit exchanges. So it's kind of like you're on the outside of the bubble. Looking into it, i'm saying: okay, that's what the price is, so we're going to execute it here when in reality, if we were fair competition competing in a linux change. Well, that's better price discovery because you're not on the bubble.

Looking in and being like, okay, that's the price! That's what will execute it here, you're, not you're, not getting the same price discovery. That's a very, very key point first brought up. Well, i'm sure other people brought it up, but recently it was brought up by the former president of the new york stock exchange. Stacey cunningham check it out so anyway, the sec and the general public don't know how much about these orders as they do on a lit exchange.

Obviously, there's a lack of transparency. Orders do not inform the nbbo the national investment and offer quotes against which the order quality is benchmarked. When just under half of the market goes to wholesalers or dark pools, then the investing public says that limited transparency it's harder to have the confidence. So that's one of our projects.

He said adding that the mbbo is an incomplete or even false, measuring rod right now. So let me break that down to layman's terms, market makers, particularly virtue and citadel securities. What they're going to say is: hey we're actually giving people a price improvement and then they're talking about the nbbo, the national best bid, the national best offer they're like this is what it is and a lot of our orders get executed within that. So that's good.

The issue here is because they have successfully segmented the entire retail trading public off of the lid exchange. What that has done. It has worsened the nbbo, so they're saying hang on. Let's like make our benchmark measurement awful and then hey look we're slightly better than that.

So it's a win-win when in reality, if we didn't segment the entire retail training public, that measurement stick wouldn't be so bad. There are various studies that this the effect of it has widened the nbbo by 20 to 25, which in reality when you're talking about pension funds, etfs that widen bid in the course of a trading year that can cost billions and billions of dollars. So what this is is it's kind of a red-hairing argument of when they're like hey, we're good we're, giving everyone a better price when in reality, it's better to a measurement stick that they made worse, so that i know it's a little bit complicated. But it's worthwhile to wrap our head around and what's cool about.

It is genzler understands that. So when you have a ceo of one of these market makers, go on tv, they're, gon na spout that off and it's a little bit, intellectually dishonest. But what's so cool about this is gary gensler fully understands that argument and he's not going to let them or hopefully he's not going to let them get away with it, but i'm at least happy that he's not taking the bait of that argument. Gensler also suggested that the sec could propose rules that require greater transparency around payment for order flow, the practice of a broker exclusively sending your orders to a retail wholesaler, aka citadel securities virtue.

I've asked staff how we can ensure greater competition so that, if, by somebody places a market order on one of these brokerage apps, there is real-time order by order competition. Remember, there's no competition when it's exclusively going to one player, if you're trading on the likes of robinhood trading on the likes of weeble this when you buy or sell citadel, is going to play the other side of it. If you're buying they're selling to you, if you're selling they're buying off of you, it's not going to a lit exchange, you are not competing in a free and open market when you're playing with one other guy and all their prices are what they're seeing from the Bubble looking in because it's all segmented off of a lit exchange, greater transparency around payment for order flow could be a compromise between proponents of the practice, which argue it has helped create commission free trading and contributed to the overall decline in bid-ask spreads and critics of The practice who argue it creates a conflict of interest that inevitably harms retail investors. You know so they're talking about, let's not get rid of payment for order flow, and this is the one part that, like i'm a little bit upset with and i'm assuming you are too, i don't care about more transparency on payment for overflow.

If we're doing the dance, let's do the full tango, let's get rid of it. I don't need more transparency. I already know they're screwing over the retail trading public. I know they're screwing over all of wall street and everyone engaging with it.

I don't need more information to know that i'm getting screwed, i just want to stop being screwed, so for them to say. Oh transparency will make me happy. No, it's not going to make me happy. I want the solution fixed.

I find this to be a little bit irksome if you will, because in may of 2021, gary gensler himself went in front of whatever congressional panel and he was talking about robin hood and their relationship with citadel and what he said. I can't remember it verbatim, but the overall vibe of it was saying robin hood explicitly went out of its way to accept higher payment for order flow in return for worse quality execution, and excuse me, in fact it was so bad that he said literally. If you went to a commission-based brokerage, it would have been better off. That's how bad the quality of execution was.

So for him to say the critics of the practice who argue it creates a conflict of interest that inevitably harms retail investors he's one of those critics. He has stated that himself, he has said: oh yeah, no um. It was really bad. He said that in front of congress, so he's literally one of those critics, but this is where i like the conclusion of it and makes me feel like there's a silver lining to this situation.

Our statue had the word competition added 20 times and in 1996 congress did it again and added it another 15 or 20 times. We are also a competition efficiency agency. You know that might not seem like anything. We are also a competition efficiency agency.

The fact that he felt the need to put that in there tells me that he's about to come down on these people because anything about this situation. It hampers competition. It increases the fragility of our market structure for him to go out of his way to say that he's, i think, going to use this sentiment of like actually hey, do what you want, but actually this isn't good for competition. So i think he's using this as kind of a pillar to stand on and be like nope.

My direction is to get it as efficient as i can. This is an inefficient practice, and because of that, i have to get rid of it to me. It's another potential piece of ammo another bullet in his gun of how he can handle this overall situation for us. Maybe i'm looking a little bit too much into it, but in reality some of the things we've recently seen come out of gensler's mouth.

It sounds like he's saying as much as he can without like stepping over a particular line or showing his full hand of how he wants to play this situation. But with this i know, there's been emotional highs, emotional lows and i'm here to tell you that i think within a short time frame in the next couple months, this next handful of months. The rumor mill is going and i think that there's going to be quite a bit of development and i think, on capitol hill, the sec and on the political stage, there's about to be a knock down bloody back alley, brawl related to this exact subject matter with It feel free to check out dave. Lauer's twitter he's had some very, very interesting points on it and i think everyone should dive into it, but just to give you a little bit of an idea of what i'm talking about, i put out something on my twitter.

If you haven't already even our boy john stewart, you probably saw this video a bit ago mentioning the word. Gamestop give this a watch, but overall the tides are turning, and my ask of you is there's going to be a certain day a certain week where to show all the people in power that were actually serious. Our voice is going to have to be heard. I don't know when it is, but i am telling you this and i'm telling you this right now, there's going to be a particular day where something happens, and it's going to be excessively critical and important that we have to show how serious we are about that.

So my ask to you: is, when this day comes and you're going to know, because it's going to blow up all over social media, that you stand up tall and make sure your voice is heard, because this needs to end i'm telling you i get it. This is one of many many things of how our world is quote: unquote, not fair, but i'm telling you we got to start somewhere. We might as well arbitrarily pick this aspect of the stock market and see where we can go from that. So i humbly ask when the day comes, make sure your voice is heard, because we are fighting for you, we're fighting for me.

We're fighting for just the average guy who average girl, who maybe just wasn't dealt the best hand on the day that they were born. But, let's see if we can make things a little bit more equitable, that's my update for you on what's going on with gary gensler, and why i'm a little bit more optimistic about what's about to play out over the next couple months. Uh reminder definitely check out what has been going on on dave, lauer's, twitter, a worthwhile watch to say the least, hang on what's going on over here, any news! No! No! No! No! No! All right! What do we have? What do we have? What do we have? Uh truth always wins trump's in deep poop, then oh yeah, i see that dwack is getting hit kind of right now and that could potentially relate like weren't. Wasn't he and his kids called uh to testify or something along along that line? Something like that, all right: where are we at the queues getting crushed the spy coming down? Um volatility popping gold popping? Let me give you an update, amc short interest.

21 game stop short interest: 21.26, the s, p, 500, almost 17, the nasdaq 113.13 and then the russell actually coming down still sub 40.. It was over 40 for quite a bit of time and now we're at 38 all right all right. Our radar radar right volatility still popping um, so we know gold is sky high. We know volatility is popping.

I just want to show you amc and jimmy now that we have a better idea of their short interest um. So amc like the rest of the markets. Just getting getting hit team getting hit we're seeing some selling. This is all related to concerns of.

What's going on with russia what's going on with ukraine um, i need to remind you. This is an even obviously it's already a very crazy situation, but do not forget in terms of the market, and i don't want to be callous as if we're not talking about potential human lives here. But don't forget for you, if you're making some sort of market-based decision do not forget that monday. The market is closed.

It is closed for president's day. So it's going to be a three-day weekend and i'm telling you. I have a weird suspicion between now and tuesday morning. A lot of stuff is going to play out.

I don't know how it's going to play out, but i'm telling you there's going to be a lot going on a lot going on. So just make sure you're aware of that. I'm not telling you how to trade! I'm not telling you to buy, to sell, to hold i'm not telling you to do squat, i'm not a financial advisor! I'm just a friendly reminder here that the market is going to be closed on monday, which will most likely have implications uh, particularly on your short term trades. I don't think that's the the craziest assumptions.

What else do we have what else? Oh, if you haven't already, it would be awesome if you could destroy the like button and if you haven't already don't forget to join up with the moon gang by hitting that uh, i just need the queues below 3 45. Tomorrow, literally, might happen today might happen. Today, to my rumble fam: are they still having issues over there or are we playing well looks like they're? They might still be having some probs i'll figure out. What's going on there? What else do we have two plus two plus twenty twenty-two equals twelve right? Twelve cover one d-wack uh: if they get rid of payment for order flow, could people still do commission free trading boy? Oh boy, do i have a product for you, public.com, no commissions free to sign up you'll, get paid to create an account and deposit whatever to be a registered account, no commissions, no payment for order flow, no market makers, it's pinned to the top of chat.

You can also go to public.com coors, so it's great it's my favorite stock brokerage right now. If we find something sus about them, i'll be off it before you could even blink your eye, but right now, they've actually posted their information about all their trades. They are one of the most transparent brokerages i've ever seen. Now they are in the us.

So if you're not in the us not going to be for you and they also don't have options trading. So this is just a stock account. What's cool, it has a little bit more of a social media aspect. So people like me, you can see what i'm in you can see.

I have amc, you can see fgme you can see. I have prague, you can see. I have corsair, you can see what i'm in um and obviously you can see what your other friends are into. If they're on public the spy is going down.

Um did my thing, so no i'm trying to get out of the uvxy call for a 100 gain, but apparently i'm not filled. Yet. How am i not filled yet uh? My next target on the s p. 500 is 436.

We kind of called this out this morning once we got the breakdown from 440 yeah. It took time. I thought it was gon na happen earlier, but we took this bounce and then we finally crushed through we are below the 200-day moving average on the s. P.

500 so, like i said, if you're below it, i am gon na be bearish on the market. If we're above it, i'm going to be bullish, i'm watching that 200-day moving average and right now we're about eight dollars below it. Eight dineros public has a shady ceo. No, they don't.

How is public earning money? What is the catch? They have optional tipping and they also have share lending make like many other brokerages. But if you don't want your shares lent out, you just have like there's like a like a robotic help center and you just turn it off for your account. It's really easy. 122 on the uv xy calls thanks matt.

You are more than welcome. Oh speaking of um keeping everyone updated on the calls that we are or aren't doing right here i have a new update. I posted this on locals. Uh hang on uh just so everyone knows spy call spread.

458. 459. I closed it winner, winner chicken dinner. I closed it for a 70 gain, so i made about 24 per spread um.

I had multiple spreads. The max gain was 35, the max loss was 65 and the percentage of being profitable the chance, the percentage of being like making any amount of money was 71. I locked it in and i'm gon na be rolling it into another spread position. Just so everyone knows, but right there i mean to get on here like the premium.

There is a free version. If you go to macquaries.locals.com um, there's a free version, but also the paid version is ten dollars a month or a hundred dollars for the year right there. You could have taken one of these and you already paid for two and a half months or if you took four or five you just paid for the full year on something that you had a 71 percent chance of making money anyway, um i'm going to be Posting more and more of these just so people can make more and more money with the exact, odd setup max gain max loss, chance of being profitable, um i'll explain it all, but i just want to let you know that i closed that about two hours ago. Oh, the spy, the spy, the spy looking suss just checked my public account.

I can confirm neither matt or myself sold. Is it safe to say that if amc squeezes the other shorted meme stocks will run hard due to hedges being out of money um? I think they would run due to a sympathy play the same reason: amc ran when gme was going through its craziness in january. I think for either of them we're gon na see a bunch of other sympathy plays not necessarily because they're out of money, but amc recapturing 19, showing a little bit of a pop there when the market is looking pretty crazy. What else do we have? What are your thoughts on all the stocks that squeezed today, i don't think they squeezed? I think that was fomo buying a lot of those were new spac plays, some of them didn't even have shares being lent out yet um stocks can move crazy without a squeeze.

Like they can move in an insane amount, we saw that with the first push in d-wack. It ran all the way up to 170 and there was like barely any shorts. You don't need like shorts. Are you just need a lot of buying and a short squeeze? Is a type of a lot of buying, but just straight up, fomo can like lead to a huge explosion, especially in a stock.

That's a low float stock that doesn't have that many shares in existence wait what's going on with facebook, i see a lot of people talking about facebook. I don't like facebook, i'm kind of happy that it's getting crushed. Remember all the market professionals telling us we should buy it like a week ago, they're like it's coming back. This is a great buy it's at support.

Now there is additional support at 200. uh, i'm not gon na be buying facebook. I just don't support the company. Ispo ispo ispo, you know early today when i was like, i don't know it could run up to a hundred.

I i was like it's gon na end bad, but at that point it was trading at fifty dollars. I was like. I don't know how this is going to end, but maybe it could hit 100., it's crazy that it actually hit that that's wild. This could totally keep going.

It's gon na definitely come back down and the question is just when, when things move like this, they don't stay at that value and it can remove for another day another week another month for all. I know i do not know, i'm just telling you eventually. This is definitely going to come back down to a pretty low value. You have an oculus in the background.

Oh i do because i like the metaverse, but i'm not gon na, buy facebook stock. I don't really like facebook, i don't like instagram um. I have an instagram, i guess i have a facebook, but that is more because i'm bullish on the metaverse but um, oh ispo, so i'm hey, i'm gon na forewarn you that i am by no means an expert on ispo um, but not only are they gon Na be talking about russia, ispo and the other things that went nuts but um over at ttg they're going to be talking at 4 30.. This is just a youtube stream.

It is 100 free, i'm dropping it in chat right now. If you want to follow that link um, but they're talking at 4, 30 100 free 100 free um, so that's going to be in about 30 minutes. If you want to break down uh someone else's opinion of what in the world is going on check that out. Ding, the casino is closed, folks, that is it for today, thursday february 17th.

What a wild wild wild day here is the plan on both this channel, the rumble channel and also the crypto channel. We will be posting some extra content, some vod content today and then we're going to be streaming once again tomorrow morning, bright and early at 9 00 a.m. Tomorrow, that's gon na be the final day of the week and then don't forget that next week, tuesday, the market is not open. Do not forget that if you haven't already, it would be awesome if you could completely destroy that like button and don't forget to join up with the moon gang by hitting that subscribe button.

That type of engagement really helps me out with the algorithm. In the background, i appreciate it. Thank you. Thank you.

Thank you also. I just appreciate everyone's good vibes. I know the market's crazy tensions are high. I'm hoping that you're making some good trades on the volatility, the increase of volatility in the short term and really padding your account um.

It's whenever you have big swings like this. That's opportunity to win big, but it's also a chance to lose big. So please please, please stick to whatever your trading plan is, but overall, thanks for the positive vibes, don't forget to check out ttg at 4 30 today they're going to talk about all the insanity, that's going on and i'll catch. You once again live tomorrow.

At 9, 00 am but also be posting. Some extra vod content later on today, shout out to all you beautiful apes. Thank you. Thank you, thank you and, as always for me and chair best of luck in the markets, i'll catch you later, you.