Good morning, ladies and gentlemen, boys and girls, children of the corn, welcome back glad to have you uh yeah. Could you guys make sure and just let me know if the stream sound is good and if the quality comes through? Okay, because it uh my stream quality, seems to be jumping all over the place, whereas my other stream is perfect yeah, it's really odd, so anyways uh, just let me know if it's all good good and then let me know if it uh happens to uh get A little off i mean tighten that tighten that guy up don't want a little nip slip going on today, all right so deleting the watch list um we're going to rebuild that today, but first one in there is going to be amc, of course. So we'll continuously build that probably throughout this morning, but yes first, i would like to start our morning off with amc and i'm sure that we're gon na have to come back to amc at some point, because somebody will come in later in the stream and ask Me about it and that's because they haven't been on the stream for the past three weeks. So give me just a second folks good morning, good morning good morning, did anybody happen to realize and or see what price point amc went to? Did anybody happen to see how it all prevailed yesterday, unfortunately, i was actually out of the house at the time it started moving, but before it started moving i did buy like 50 shares, i'm like well in case it moves and i'm not here then i'll get A piece of it and so kind of sucks - and i was actually about to yolo like 2 000 on some calls just for the fun of it, and i'm like you know what i'll wait till a little bit later.

It went out did a couple things and then came back and sure enough. It blew up so i kind of missed. Most of it, unfortunately only ended up making like 200 bucks off it, which just really sucks, because i've been following this for the past three weeks and so anyways there's still money to be made both ways. So yesterday's analysis for amc was as soon as the market successfully got through the price point of 38.

You would most likely see the markets go to a price of 40.. I think yesterday it may have been 45 460s or something like that, but this red level right here at 46.40, i believe, was the target. It might have been 45. Let me just double check um.

No, it was. It was 45, maybe a little more this morning. It's 45 40, where the support is so over the past couple weeks we have been explaining this exact move. So if we look at the daily chart first, this is a one year, one day chart the analysis was once you could get up and through your statistical mean here, this is when the markets would break to 45..

We didn't hesitate of saying 44.45. We literally it would go to 45.. It ended up going to 48 and i'll explain why it went to 48 as well, so you're, not confused. Okay, so markets went all the way up to about 45.

Sorry, 48. Yesterday, the target for the past couple weeks and specifically yesterday was 45 dollars. The only way we were supposed to and probably going to get to 45 dollars was first, you needed to break through or do a breakout at. What's called the one year, one day or daily, chart regression mean which was priced at it changes a little bit from day to day, but for now it's priced at uh 3810.

Yesterday you will see the markets opened up on the day. They went up to about 38 10, then they stopped pulled back and later broke through successfully and over the previous couple past weeks highs, hence the breakout. Now, how do you project the stretch? How long is the breakout going to go? We go to the 180 day time frame the 180 day time frame next, trending regression mean and or resistance is located at a price of 45. Well.

45. 34.. So when you broke the mean here, your target was your next trend line or next trending resistance, which would been found on the 180 day four hour time frame. Now, why did the stock go to 48 dollars? I will showed you so if we look at the intraday time, intraday time frame and actually let me adjust this line.

I remember now because i remember looking at this yesterday. This is where that red line was yesterday, so the target was actually 45 20. Yesterday, you will see that when the markets first got to 45 20, they have a pullback with a decent amount of selling. This 45 dollar price point is a known resistance point.

A lot of people will short and or sell their positions, market makers, institutions, retail anybody who knows of it they're going to sell short here a lot of the times. You will notice that, just after it clears through that 45 20 price has another big spike. So, on the top of this move yesterday at 45 20 people shorted, i would have probably started shorting a position there. If i were watching the stock too, we pull back and we go for one more long.

Move breaks 45. 20 and you go through this really big pop - that was anybody that was short at this 45 20, getting squeezed out, maybe not holding through the pain or anybody who had just been getting squeezed out from previously before, but specifically the break over 45 20 was most Likely accompanied by many intraday short sellers and fomo long bias traders getting into amc, because the target was 45. 20. 4520 is known resistance.

I would short there. Many others are short there. Amc has so much height and so much fomo wrapped into it. That people were still willing to buy it up, even though it went to 45 20 and hit resistance.

They were still willing to buy it past 45 20, which is more of a euphoric market at that moment in time. So anybody buying over 45 20 is taking on exceptional risk to the long side, and anybody who is short at 45 20 start to get taken out of their positions by all the fomo traders willing to buy at euphoric prices. Once the euphoria of the intraday market had subsided, you will see the markets ended up, getting weak and falling right back below 45, 20 and then respecting 4520 as the resistance pretty much through the remainder of after hours trading and a little bit into this morning. So if we take a step back, you will see 45 20 ends up becoming the the main interaction price for the stock amc for the remainder of yesterday through after hours and into pre-market trading session today.

So if we look, you will see squeeze over 45 20 back down to 45 20, then, through back to resistance back to resistance slightly over down this morning, where's your breakout or after hours, where was your breakout through 45 20, goes through 45 20. You get a little breakout this morning. Where does it fall back to 45, 20 back to 45, 20, etc. 4520? Isn't the exact pricing anymore? So i should update that the updated pricing is actually at this morning.

45. 37.. So 45 37 is now the new level, and you can still see most of the interaction is coming around that level. So, with that long description on amc, which will probably be the most accurate, most detailed description of amc, you can find on the internet right now.

In terms of technical analysis, that would probably be it. I've tried very hard on this for the past couple weeks so going forward today, i don't necessarily, i don't necessarily think you should be short amc off this resistance. I do believe the momentum is still in play. I think a lot of people want to continue seeing amc go higher, so i think there's going to be an attempt of a long move today and then it's going to get a little choppy down.

I could be wrong. I'm just not anticipating the markets are going to break through this high point of 46.50 and this trend line right away. I think we need more consolidation and time hanging out here at this price. I could be wrong.

I've been wrong in the past about situations like this. So far we've been right on where it should go. I want to see it go further, so i'll give you the upside price target for now, so the max upside long target within this market. I think you could even go for which right now, i think is sort of slim is 55.

I don't think you should be aiming for anything over 55 on amc within this current stretch of the market. So if we continue just to boom and break out today, or maybe consolidate today, then break out tomorrow, maybe even like three days from now price target is going to be 55 and that would most likely be a good resistance point where we end up having a Decent one or two days short play so um we'll watch it today. Of course, the main objective would be seeing amc remain above the price of 45.35. If it doesn't, then there is a good opportunity.

We can see a bearish move. I will tell you normally. I would be a bearish trader around these prices. Well, i was actually a bearish trader yesterday.

I did short amc on this move since i, when i came home, amc was down to here, i'm like dang, so i sold my long and then i shorted this top and swung that move down so debating whether or not to uh be short bias a day. I'm still thinking about it normally i would be normally. This is a price where i would say first day at trend, let's bet bearish, but again this is amc and it always gets me a little finicky at times, but nonetheless, i'm not going to be super long, biased. Today, i'm going to be kind of neutral.

All the way, through open-minded to a long, open-minded to a short and open-minded to a sideways market, because we just met the statistical trend. So that's about as much as detail. I can give on amc uh this morning, uh arya. Thank you very very much.

I appreciate the donation. It always feels really good when i get one of those and i'm happy that i'm able to help you as well all right, let me uh make sure i go through sort of the top of the comments i haven't read any this morning. So last laugh out loud me made my day good morning, connor from arya. Thank you, um joanne, on the road this week, good uh.

Hopefully it's a vacation and you're gon na have some good time off to relax and maybe relieve some stress and uh. If that's not the case, well, then, hopefully it's still fun. Thank you rob. Thank you good morning, good morning, good morning, uber pbts uh.

Let me get my handy dandy notebook whenever i say that i always think of the blues clues, because i'm pretty sure that was like the slogan right, the handy dandy notebook before we all found out now. I'm not gon na say that gme bro, okay, chu, papi muyeno papi again i apologize. If i missed some of the tickers, don't look at all of them. You know i tried to do my best arya very nice awesome, miss lwac, dks, uh, dks yeah.

We can take a look at that uh. Actually, it's very impressive. How well it's been moving. I was just discussing that with a couple people this morning.

I don't understand it, so i mean we'll do analysis on it, but, aside from the fact that the thing's up like a hundred percent from um, was it last year or something like that, it just blows my mind: i haven't set foot in a dick store in A long time um yeah, i shorted amc for sure, because at that moment in time it's just it's a selling location of the market, so short-term fluctuation there was going to be down um, pretty straightforward, yeah, yeah sava down 20. I did see that um and actually yeah. I did look at saba this morning and i'm like oh, like this looks, like maybe a shaw, but too late already went to support. So, unless it's a support, break saba is not going to give you any more downside, and it might give you a slight counter counter trend bounce, so really the only profitable play on sava this morning would be a break of trend.

Support for more downside um, if not probably just going to be sort of a little diddly dumb bounce on the day, to maybe consolidation, which would be a dumb day um. So we can. We can talk about that or show you in just a bit super hard to find the chat this morning. That's odd, why would it be so hard to find you know a live stream regarding technical analysis on amc after amc just went absolutely gangbusters yesterday.

Of course, everybody would be online searching up things like amc, so, logically speaking, there is of no reason why this would not be a very easy stream to find very odd. Uh watchlist is too short to see yeah, because we haven't even really amc. I mean i'll put gme in there, but this is something that will be added to throughout the morning, but we'll start here with amc and gme and we'll keep building on that a little bit. Um! Oh! What's this i was didn't see this.

Am i too late? No sent a message before super chat donation about expiration date for amc. I will scroll back up and try to find it so kind of looking at the stock cocp right now give me just a second. I want to make sure i don't miss like a morning volatility plan, this penny stock, so i will jump to the amc expiration question after this. So that's up to there and that's up there um easy to borrow that probably means trickery yeah the stocks wait.

Why does that? Not? That makes no sense my charts look way off over there. Oh, no wonder why i'm looking at the wrong stock that just does not seem right so cpop, uh anyways, it's a penny stock going up this morning. Kind of still potentially has room to run on the day, maybe not for right right now, because it's overbought on the intraday but uh this might have a move even all the way up to nine dollars. Today, that's a really a far-fetched move.

I highly doubt it happens, but i mean theoretically, we don't have a trending resistance till about nine bucks. On the day the only thing is its intraday chart is currently overbought, so pop culture group reports will develop will develop street dance chain software as a service system. Pop culture group develop street dance chain. Saa system to accelerate digital transformation seems very odd news, but sure anyways, coc cocpop is up so probably be keeping an eye on this one.

Today, let me just check a couple things: 25 million outstanding and 11 million share float. Okay, all right, sorry about that. Let me uh scroll back up, like i said to all right, so neony, let me see where you're at okay you're thinking about taking out a forty eight dollar to fifty dollar strike call for this week. Expiration never played options before should i take out a longer expiration or this week's strike price is a possibility.

So for sure you want to do a later dated expiration main reason. Why is it gives you more time to be wrong essentially and or right if you were to do the options expiring this week on amc, you don't have a long time left on those options, so they're going to lose value faster, especially if you're not correct on Your call so it'd probably be better to do something. That's dated out further and a 48 to 50 dollar call. Let me just go back and look at amc really quickly.

Um, theoretically, 48 to 50 is within range of our next price target, but i think it's just too risky because again the projected long move of this market was from 37 to 45. For now, until we successfully like break out of this price range, we're not gon na see that target, so we kind of have already hit a good long target for the time being. Um, i probably would not be doing 48 to 50 calls right now. Obviously, if it blows up, it's going to work um, but i just think it would have been best to be in around the 38 dollar price or anywhere well below the current price of 45.

Is is really how you wanted that that to play out. Okay, sorry about that guys so yeah, i would be a little patient on uh on that yeah. Thanks to poppy crsr. I've seen that one floating around the internet quite a few times today.

So no problem, hider appreciate you man. All we ask is that uh, you just support the channel hit the thumbs up button. The like button share the stream um, that's about it. Clove ended up hitting nine dollars, um yeah, so that would have been that max target.

We gave you yesterday for cloves. So if you took advantage of that awesome um, i think that was the max target. Let me just double check. Yeah no yeah, another boiler room trading price target achieved.

Spr institutions started piling in with block trades yesterday at the close um. That looks good still. It still looks strong yeah, so keep it on watch. Like i said, we've been calling the price target almost every single day for the past couple weeks.

Yesterday we gave you a max price target on srpt up to 14.50. It hit 14.72, so the higher this goes. The less long bias we become, but nonetheless still looks bullish, uh pfe. I could take a look at first and last we're going to be going over multiple stocks here in just a second.

I was just kind of getting caught up: okay kind of pull it from boiling trading. It's all one youtube channels counter pull from, but of course i own the business. So whatever you want to call it. Okay uh, so we're gon na start running through pretty much all the requested stocks for the day, so we're gon na start here at uber.

Alright, so looking at uber here obviously went down yesterday, um, oh so kind of double bottom move there then bounce back up. I think a seller b yeah, i don't think it's ready to bottom just yet it could be very close, but still, i think it's the markets are trying to move downwards on on uber. So i think for the time being you let it continue to slide, but you are optimistic and considering a long bias, bounce um sooner than sooner than later, excuse me and that's really all there is there. I don't yeah, i mean not really set up for me to go long and i mean yeah.

I think it might continue to fall bearish, so i think you're just kind of sitting patiently on on uber for the time being, cleu lower price stock coming up across the mean almost up. The one deviation on the daily chart is up to about one deviation of the four hours, so i expect uh cleu is trying to get up to prices of 318 to 348 and that's where you should expect. Maybe some resistance on clu. And then you only expect a bigger move once you're getting through 339 and at 339, then you might go to 204, but generally speaking, most of the price action does exist within the one standard deviation zone.

So i predict you're, probably going to stay down at around the 315 to 340s price clu gamestop we're going to hold off on for the time being, we'll wait till later on that dks dks is running well, it blew up just the other day from earnings so Or that's today, excuse me so anyways dks has been running and this morning had earnings and the stock exploded and the stock exploded up to resistance. Okay, pretty much every single morning that you see a stock, go up on earnings or go down on earnings. It's typically going to resistance, so most of the moves been made on the way up for the most part. If you look at the four hour chart, where is the price point of dks? It is right on the plus one deviation mark.

So again, earnings break out. Take stock two plus one stock is at plus one stock will only go higher if it goes to the plus one. So for now you should be optimistic that it can go higher, but it this is a pre-market high breakout play. Um dks is a pre-market hybrid.

Wait hold on, i think, i'm wrong. I don't think it is a pre-mark i break out play no dks is not a pre-market pre-market high breakout play for the time being. Dks is a dip hold pre-market play, which is this red line, which is why that candle went green, we've dipped down to the red line and as long as you're staying above the red line, that's a good sign for bullish activity on the upside for dks. Right now, srpt we kind of talked about it, but not our spr was srptsrp.

I don't know, maybe i wrote it down wrong. I don't know if it was this one or sbrt, but if it was srpt srpt is down yeah. I think you could be optimistic on watching uh this more on the long side down here, but yeah i mean if it pops you target up to 89 bucks for now um, but i would be watching a little long bias. You are starting to see a bullish divergence on that stock.

There's been a bullish divergence. It has yet to actually go up so from here it was 77 and down to 66, which is six and we've gone from 68-ish 66 up to 81.. It's about six but anyways yeah. I think you can be optimistic, but it's still down trending.

If that's what you're referring to all right next one list sava interesting yeah. So like watch this right, i i forgot. If it was this one, i think it knows that 89 so ready this is the daily chart. Look at where the daily chart support would be the daily chart.

Support would be at 95, okay and then, if we look at the four-hour chart, the four-hour support would be so we ended up breaking that. Okay, so this might have changed slightly a bit and then we had this one here and then we got this one down here. So i think my thought process for sava was slightly incorrect earlier. When i was talking about it, it was we're still pretty close, but i am my analysis.

What i was saying earlier was wrong, so let me just redo this uh cpop still staying up again. Definitely worth keeping on watch okay, so savannah down damn down uh yeah! I think you just watched sava go down to the price of 71. Today i think zava will go down to 71. yeah.

I mean it could bounce before that, but it's like for what reason i mean there's almost like. There's there's really no point, i don't i mean, like maybe the 100-day moving average, but i don't really see a point of saba. I mean didn't someone say well, i haven't even read the news. Let me just read that, but just based on looking at the price and the way it's moving, i would already assume it's going to go down to 72.69.

Today, uh saba signs the share trading lower. After negative claims that they were posted online yesterday after the market hours, the company issued a response to the claims today saying they believe the claims regarding jesus peace just get to the point already regarding scientific integrity are false and misleading. So yeah, i don't even so. There's allegations regarding their trial data and now yeah, it's okay, so anyways, i still think um yeah.

I still think it's gon na go down 72-69. I think well, for example, and when i say i think it's going to go down to 7269. You have to understand the way that my brain thinks about this right is it goes. Where is the next price point? I would consider buying a dip.

I wouldn't consider buying a dip until 72.69, so if i don't think it's worth putting money on the line until 72.69, does that mean that other investors won't put money on the line until 72.69 and if they're not going to do that? Does that mean there's not going to be enough money to support the market until 7269., so this is sort of slightly egotistical, but also from doing this for a while and calling things correctly and trading things correctly for a while. I do strongly feel that, for example, 7269 is going to be an institution, market maker and algorithmic level, where computers, smart, money and bigger money would buy. I don't want to buy till 72.69 and if what i just said is correct and algos and high frequency trading, computers and market makers are going to buy at 72.69, then that means smart money and big money is down there right. So again, i don't really want to buy this until 7269.

Myself. Therefore, i would imagine other big money isn't going to buy until 72.69 and, if that's the case, then the markets would most likely fall to 72.69 because you don't have any big buyers supporting the markets until 7269.. So, if everything i said is correct and true, that's again: that's how my brain works on a day-to-day basis. So it's not that this won't bounce before that, but i just don't see a lower low risk opportunity myself until 72.69 and if people with big money in the saaba market feel the same then the stretch of this downward move is probably going to go to 72.69.

Okay and i'm gon na go get some water because holy, i don't know what the deal is. I'm like dying here, um, the other thing would be if it was gon na. If i were to be long on this, it wouldn't be long until the market came back and started closing above 89 11, which most likely won't happen today, because of just how bearish this move is. Even if we did come back, it'd probably get rejected and then go back down just given how bearish the overall structure of that market currently uh sits.

Okay, um one! Second, i got ta go, get a bottle of water and basically dying here. So in the meantime, i'm sure youtube will find a really uh a really enjoyable ad, for you guys to watch all right guys uh back online here. So we covered that next, we'll look at the crsr and then we're going to touch on pfe, so crsr downtrending stock, currently trying to bounce back. To the mean so i'd say your long target right now is 2819 on crsr yeah 2819 target right now.

Crsr all right so over to pfv, if you guys remember from basically two days ago, i said you wanted to be bearish and or seller on the pfe market as opposed to a buyer. Since then market has dropped from highs of around 51.65 down to 48. So it's had about a three two and a half dollar drop. If you look at the pfe top, the pfe top existed right at about plus three deviations.

You will notice that also the relative strength index, since it got to a high of about 47 and then so from here. Let me pull this up into a full screen view. So um pfe, since this high, so look at where the cursor's at on the downside, with the relative strength index now follow the cursor up to this top now follow my trend line to the next top. Now we go back down, follow my cursor from this top to that top.

So, from the 47 48 top going into the 50 152 top momentum was down trending while going into plus three deviations, and then you will also see, on the top day of 5186, your volume on both the ultimate volume system from brt and the regular volume you Had a seller beat so the top of 5186 volume beat out the previous buyer volume and then all the previous ones, since whenever so, you knew that sellers were starting to take back control of that market and then also the ultimate volume system was a little bit More detailed, basically showing that 90 of the action, maybe 95 of the action of that day, was selling um. We have not had a buyer beat within this downtrend since the top, so therefore buyers do not have control of that top or that market. For the time being, so you probably want to stay slightly bearish on pfe. I think you will see that continue to come down.

I believe at the top here, market makers started to started distribu, distributing their shares and adding short to the pfv market and now they're, bringing the pfe market down, and anybody who bought the top is helping sell it down and they're, probably going to try to bring It down to about the price of 46.67 before they bounce it again, that's what i think is going to happen we'll see if i'm wrong. That means the markets are going to come back up above this price point. So right now, as you know, as long as the markets stay below the price of 48.44, that's good for continued momentum on the downside for pfe um. Basically, once pfv gets below this sorry, let me highlight that once pfe gets below this low and or this low well first, obviously you would go through this one and then you go to this one, etcetera, etcetera, but you know in a nutshell, these are the two Most recent dips, where people were buying into so once we can clear through those that's where another big momentum drop will probably come into play, and i think the stretch is going to be down to about 46.65 and then again a lot of the retail market watches Markets like this, so to them, the trend has just broken and a lot of retail markets.

Watch markets like this on a side to side view so they'll say we're close to support. If that breaks i'll stop out their stop out and selling panic is what the markets maker market maker will use to stretch the market down to the support. So a lot of the market thinks this is support which it can be, but a stronger one. A lot of times will be a deviation so as soon as the market maker gets enough, people to stop out and break their support levels, they'll use that stop loss of those traders and investors to stretch the markets down to the support of 46.65.

So i kind of like that, so we're going to say, pfv bear 46 16.. Okay, all right we're going to go back over to gamestop really quickly and and again i apologize if i missed some of your guys's uh requests there so pfv or not pfd gamestop, which gme similar right. So gme is uh slightly different than amc beca or is it because amc broke the daily went to the four hours, so it's so it is similar in that regard and it went to the daily so yeah i mean pretty much the easiest analysis. I can tell you: is amc or sorry game.

Stop will not break out any more until you go through the price of 234, so this is about as equally adamant. As i was with amc just yesterday saying when it got through like 38, it would go to 45 game. Stop will not go higher until you break through the daily chart, regression mean and the four-hour chart regression mean which are both currently located at the price of sorry, small small zone, it's from 2 33, 20s to 234s to 35., so pretty much that little red zone From 234 to 235 is your current resistance on the market? You won't see big breaking out moves until you get out until you get through that price for the most part, so you should just expect that this is going to be a resistance zone, and since we didn't and here's the thing gamestop is following amc price movement. It appears so amc, amc and gamestop are moving in unison.

Amc went to its resistance, gamestop shied, its resistance. The only way i see gamestop actually reaching its resistance and potentially breaking it. Um amc would have to continue on the long move and we've already come to the conclusion or the analysis on amc that amc we're not positive. I'm not positive.

That's for sure i mean i'm sure other people are thinking it's going to go absolutely gangbusters and i pray for that. But my analysis pointed towards 45 hesitation at 45 for amc. If amc hesitates at 45 doesn't keep going, then gamestop probably isn't gon na go either. That would be my assumption, so i still think you have to follow amc closer than gamestop to predict gamestop movement um.

The only thing that i see that's cool with gamestop, as opposed to amc is gamestop, hasn't actually met resistance. So, theoretically, it's easier for gamestop to go higher right now, because it didn't touch resistance and it's not fully on resistance. But since gamestop follows amc, it doesn't really matter. So that's the full scope there.

I guess you could say damn that would have been probably pretty easy. Ah, jackass, checkers, hmm anyways dismissed a really easy play on the stock a-n-i-x, but that's okay, ada gon na moon in september uh expr expr is pretty similar to that of amc. Pretty much amc going up is going to result in expr going up at this point i would imagine um yeah, i'm hoping we can break the 400 uh resistance this morning. Oh we're at 402 right as we were saying it we're at 400.

Let's go baby. Let's go okay, i got a puppy, his dog food. It can be expensive at times. You know to get over.

The 400 mark just feels fantastic, we're step in the right direction, step in the right direction, oh back to 389., but anyways alrighty. So today's watch list really is going to consist of following amc and gamestop, pretty closely. Of course, we're going to keep eyes on the momentum scanners and see if any penny stocks come up aside from that it um neo and baba are really going to be follows for just kind of seeing how the price action keeps developing so we'll decide if we Think we can see a bigger long move in the future yeah, so we'll keep bob and neo kind of on a periodic watch throughout the day to see if those are setting up for continuation higher we're still watching roku to see if roku can put in a Bottom here i'm still not fully sold that this is a bottom on roku. It just kind of feels like it wants to continue down so we'll see uh, but we're definitely going to be watching roku indefinitely until we get this thing to bottom.

So if the market makers want to keep dragging this thing down and dragging it down and dragging it down, that's fine we'll. Let them keep doing that, but we're going to stay on it until we see that they've come in with gigantic ordering and bottoming and we'll try to ride it up so we'll see that one's still kind of on the fence. Let me check this play really quickly. Ah, quick up down um yeah wilson, so i mean that that's basically how the market works.

You know i mean market makers have to bring in inventory. Then they have to get rid of inventory. Then they got to bring in inventory. Then they got to get rid of inventory and so on and so forth.

So it's just a rinse and repeat cycle of markets going up and down as market makers take in inventory on the lows and then squeeze prices up and distribute inventory and then bring prices down and accumulate inventory bring them back up. And so that's why it's a repeating process in the market like that, because they got to provide liquidity and they also have to make money. So it's just it's just the way the game goes. Jerome powell speaks friday yeah i mean we're.

Definitely gon na pay attention to that. You know i haven't really been. You know, i'm not gon na lie over the past year, so i haven't really paid much attention to the fed. Haven't really concerned myself too much with like interest rates, haven't really concerned myself with the money printing, the tapering this the dovish that this and that, because i've just come to the conclusion until we stop printing money, the markets are just gon na go up.

We've had multiple scenarios of things that could very well have taken markets down and kept them down. They still haven't happened, so i, i really do think we're just in the big kahuna. So we should all just hold hands um. You know sing kumbaya, ride the gains and then all burn together.

I really just think: that's that's what it's come to, so i could try to sound extra smart and tell you interest rate and inflation, and you need to buy gold in the dollar this in the dollar that in this and that, but there's already six other trillion. People to do that for me and i'll just give you the easier answer until the market stops printing free money and buying up all these random bonds and free money and free purchases. We're probably gon na have a burning market until the um yeah, and so until that happens, i just really don't see the markets getting yanked very hard, but it is coming, it will come. There is a gigantic wealth transfer that is going to happen, and i do strongly feel a lot of us are going to be crippled from it so just ride.

The markets have fun when the day comes, that everything burns you'll know about it, because everyone will be talking about it and by that time, there's probably going to be a little bit more of the downside to go we'll see. But again, what's the point of talking anymore? Okay until the until the feds stop printing endless money markets will probably just go up and it's pretty straightforward, that's my personal opinion. So, oh interest rates, this interest rates that i mean okay, yeah i mean interest rates, are low and there's inflation. We knew that was going to happen three years ago.

There there's nothing surprising about any of this right. The only thing that's going to be surprising is the day the market crashes and we're like. Oh finally, that's just we've been waiting for that right, so i don't think, there's really anything surprising about the market and interest rates. This and interest rates that and the fed this and the fed, that's just printing money endlessly and inflation, and that's just that's just the world we currently live in, so everybody it seems, has a lot more money than they used to um.

You know that that that's another thing is, you know it seem. Actually, that's that's kind of false because just seeing some data come out from the fed where consumer savings is now lower than consumer debt, so people in the beginning of the pandemic had extra cash flow because the government gave them free money which actually relates back to The meme that you see, i'm sure a lot of you guys have seen like a meme go around the internet where the meme says. If you were to give like everybody, a million. If you were to take all the rich people's money and then disperse it amongst everyone, those same rich people would end up being rich again and the poor people would probably end up being poor again to a to a degree.

That's probably true and to a degree, that's probably significantly false, because if someone was given a million dollars and had a million dollars, many of them would be wise enough to invest some of it. Keep some of it buy a house and do this and actually build themselves up and or they would seek out advice to build themselves up if they were given a million dollars. So it's not entirely accurate by any means, but to a portion of it. It is accurate and we all understand the concept of that meme.

Well, the concept of that mean and what has been so arguable within comment, sections of facebook and twitter and god knows elsewhere - has actually come true, because in the beginning of the pandemic, the government gave everybody free money that free money was then used and saved. You will see like towards the beginning of this year and um towards the beginning of this year and like throughout the pandemic. As checks went out, unemployment went out, uh savings accounts increase in the amount of money that the average individual in america had saved was like skyrocketing for the first time in like ever and trickle that into a year later, the savings rates of most individuals has declined. Significantly and we've had a cross, so it looks like this and consumer debt is now on a rise and consumer savings is now down a year into the pandemic.

So what that basically means is all the free money that was given was either spent on whatever food groceries, expenses yadda, yadda yadda, but all that free money that was given away has pretty much dwindled away and now consumer debt is back on a rise. So, to a degree, that's saying if you give people free money without having to work for it's, just going to get spent, does sort of hold true but again you're in a pandemic. People aren't working. People need things so a little bit different scenario there, but just as an fyi, yes, consumer savings is down once again and consumer debt is back on the rise to the point where consumer debt has exceeded the rate of consumer spending uh within the united states.

Again, uh, so that's just a fun fact for you: okay, um yeah. Let me peek back over at sava really quickly. So where are we at 79 yeah? Maybe we get to move to 72.. You know, i think you know.

If it's like a heat yeah, i mean i'm not the biggest fan of jumping in trend, uh pre-market. But then, if you know, but if, if they don't hold it sideways till the open, then it will probably be somewhere towards like 78, maybe 76 and then at the open. The market makers would shift it so fast that your order would be used to bring it down to here. So if they want to make this the bounce area for sava - and they don't hold this completely sideways and or spike it at the open and the short trade here is probably going to be garbage unless the short trade treats actually meant to break through 72 or 73, so unless it's actually meant to go below 73, this short might be absolute garbage by the time it rolls around to mark it open, um, so anyways just a thought that keeps coming across my mind with saba everything is going to crash in september.

Um. Give me just one second here. I appreciate you guys tuning in with me here this morning. If you could do me a favor and make sure to hit the thumbs up button.

For me, it greatly helps the stream, or at least we think it does. I mean that's what they say, so i don't really know so so. Ah, can we go over jd? Yes, we can j styles. I appreciate the super chat boss.

That is uh very much appreciated. Thank you, um. Do you think we hit heavy resistance on bitcoin, actually yeah? We should talk about bitcoin a little bit here. No, i don't trade options very often, but it's something that i'll probably be getting a little bit more into in the near-term future uh ike c.

Thank you very much for tuning in to those videos, pltrx yla once um so bitcoin. Yes, we will talk about the bitcoin, so um, as you guys know, i wanted to see a 54 000 target. I think that's what it was priced at um about 54 000. So we haven't gotten there we're just kind of still in trend, so the best way that i can explain this to so everyone's just aware is this location here should be seen as a selling target slash long target.

Whatever your long target is you're longing into ace location to sell okay, so our long targets for the market on bitcoin were 47 000 to 54 000, so we have almost met the top of the selling zone. So that's how you have to think about it. I want to see it go to 54.. If it doesn't, i mean that's.

Fine, that's okay, but again, the whole long selling zone of the bitcoin market currently is from 47 to 54 000.. So, yes, i do expect selling in this location, but i still think it's possible to get up towards the 53 500 or 54 000 mark. Now yesterday we had mentioned you have a half deviation price right here at about 50 000 or so that you have to get through to get to 54.. So that was mentioned.

You could see a pause and resistance right at 50 before going to 54.. It might never go to 54. and we also mentioned that this is your support, so your current support on the swing down, so this doesn't go to 54 right now. We can also see it swing to here.

45.. So there's really no good support in the market until about 45 and our next really big trending resistance is about 53 700 for right now, yeah. So there you go, that's a better view. It may be a little easier.

You can see this dotted trend line comes into play at about 45 and the next white trend line here comes into play at 53 830. So that's the max long target of this long move we're in so the move that broke here and started going up. The max target 53 800 for now first target was 47 000.. Okay, so do i think it's a bigger pullback happening here? Not yet um a bigger correction move can't and won't happen until it breaks down the four-hour mean which is here so again.

You cannot. You will not see bitcoin crash through the floor until it actually snaps through the statistical support of 45. So for now you should just expect this is a pullback. You only concern yourself with a bigger crash move if it's going to break that support the reason.

Why is because this level is very close to these bottoms? Okay, ah one second, these bottoms, these bottoms are where the retail investors would stop out, even though it would suggest. Support has been broken once we get through this level here, so you could break through this level, and most of the retail market would still think that support hasn't been broken because it hasn't gone below those lows when in reality it's already broken statistical trend, and now It's just a matter of price. Staying below that trend, so uh, that's what i would probably watch for bitcoin right now, reloading time. Your grandma's here, lego bb.

Let go so yeah 400 holy smokes. 445 viewers with us live this morning. That is fantastic folks. I got ta tell you, i got ta tell you: yes, you can still day trade during a market crash, but stocks are probably going to be going down really really harsh and there will most likely be strong short sale.

Restrictions on many stocks and or many stocks will probably go into unrestricted trading on the short side or sorry restricted trading on the short side, where you can't even short them um. So that will probably end up happening. You know, but you know you could still do options on the bear side. They're still going to be counter trend, long reversals and bounces, and things like that.

So yeah you can still trade oof amc not quite breaking up, but why? Why wouldn't it be breaking up? Oh, maybe because it ran into its resistance. That's probably why so, i'm hoping that thing keeps ripping, but it's got a lot of work out of it for right now, tkat, i'm actually glad you guys said that, because i wasn't even thinking about it, but i did say you're supposed to watch that stock for The next couple days um, so this would be a situation way. Mother, mother, trucker see they did the same thing. Remember when i shorted this yesterday here the same thing on tkat as they did on amc.

This level was the resistance 813.. I shorted market maker squeezes over the resistance, took us out, brought it back down below there boom down down back over back down down boom. So i was right, 810 was resistance, but the market maker shifted a little bit past. Took me out made it confusing just to bring it right back down, so this is the euphoric market people getting along into way: overbought prices, market makers, selling into them and then eventually bringing that market down back below the statistical resistance.

So for now i don't really see a long play on that for the time being, yeah, i'm not a big fan of anix. It would be a very impressive move back up on the day. If it did that um amc today, a low uh you could - i mean 44 - is not really hard, because the negative one deviation is around 44. So yeah 44 is a pretty.

You know likely opportunity of seeing that hit. Um heck, you could see amc all the way down to the price of 40 dollars. I highly doubt that happens, though um i mean yeah i mean really. The only thing i'm watching for is is control over the price of 46..

So pretty much for me, everything is bearish until we're over 46.50. So everything amc at this point is bearish intraday next couple days until price actions up and crossing through 40 like 46.50, because at that point anybody who's been bearish from yesterday today and the next couple days will start to cover over that point. That's why i'm saying i would be looking everything neutral to maybe bearish until through 46.50, because everything should be bearish until you're able to squeeze out short-term short sellers within the market, which can only happen through 46.50, oh yeah. Actually, i wanted to look at pltr and xela plain hair.

Plenier yeah planters got the interesting formation, to say the least. I think you can actually watch this one long by us still. It would be a very interesting breakup, though yeah, i think, you're b yeah, i mean you're pretty much watching pltr for this point for a long move. The long moves is going.

The long move will exist when the stock gets over the price of 26 28.. That's where the breakout happens in order to catch that move you'd most likely want to be in before it breaks that level, because it could happen after hours pre-market something like that, but i would be slightly more on, i think, the long side, so we broke up From earnings we pulled back, we squeezed to the highest first attempt at resistance, does not break pulls back, holds price action nine day, moving average grinding back up into the resistances, so it would be nice to see um yeah. It would be nice to see pltr remain over the price of 24.87 today and or yeah i mean for price action. I think over this level is good staying over that guy um, but you want to get up and through the price point of 25 39 to start a breakout, the bigger breakout will happen once you get through 26.32.

I haven't checked jd. Do i think sprt will hit 15 today um? Well, let's see so. I think sprt will hit a price of 1526 or higher um. So, for example, uh.

Let's bring up that really quickly. So there's a weeble account two percent down 18 bucks a day, not a really big deal um. So, for example, this account total value is 31 800 and hold on where's my calculator there we go. I don't even need a calculator for this, but i'll just do it for others: uh.

31. 863. That's the account, theoretically on high respective investing you're, not supposed to risk more than 10 percent of your accounts at times that by 0.1, so 3186. Theoretically of this account could be risk for intraday day trading, um and high risk speculative.

Investing aside from that, i shouldn't be using any more money in this account for any day trading or speculative investing within that weeble account, and that would really be the same thing for anybody's account: you're not really supposed to use more than 10. Some people say 5. I give wiggle room from 10 to 15, because 10 sometimes can be a pain to work with, depending on your account size. So, and i already know most people are going to try to leverage up their account on trades at times anyways.

So you might as well tell them 10 to 15, so anyways, that's the max amount of money i should be using for speculative investing within this account. That would be so. 3186 is the max amount of money i could use for a day trade and then, aside from that, if that is all of my day trading capital right 3186 again, you can only use 10. That's what the 10 is.

You could even break this down to do. I'm only going to use you know, 25 of the 3186 for day trading. That way, you break up your speculative capital into more potential if that makes sense, so it's all just a means of protecting your capital and not taking on excessive leverage, and you probably won't blow through your account really quickly, and you can spend a lot of time In the markets, but you're not going to make money really quickly doing it like that holy smokes. Ladies and gentlemen, we are getting up to the 500 mark.

That is the 500 resistance. The question is: can we break it today? I think we might have broke it. Yesterday or got very close so we'll see we'll see if we're able to creep through the 500 uh the 500 price or 500 viewers that would be cool all right going to pop this down we're going to head back over to xela really quickly. So i remember we touched on this a lot past couple weeks, so ended up falling apart, so you'll remember pretty much.

The most important thing we said is: you will not see a big breakout from xcla till it gets through, like prices of like 334. Never really got to the prices of three well, i mean it did at times, but as the analysis progressed, we never got through it and we ended up breaking down support. So, for the time being, that's going to be something where you could buy you're just going to have to sit and wait for it to eventually pop oh, i would probably not be messing around with it too much right now. I don't think it's ready, um! Well, yeah, i mean 10 to 15.

I mean 10 of your overall account. Capital is, is pertaining to account capital not to an individual on their job. So if you're going to do so, let me rephrase that high risk speculative investing 10 percent of your account. No matter who you are bro, let's talk, meme stocks, um i mean it's.

I mean we do every day i mean we, don't we don't not. You know i mean what do you want to talk about anc gamestop again, amc is on resistance. It probably is going to pull back a little bit more today. Gamestop follows amc, so unless gamestop goes higher or sorry unless amc goes higher, gamestop is going to go down, expr again is probably pulling back.

Look at expr is pulling back right off resistance, so exp is not going to do anything big until you get through the 7.92 price um any other meme. Stop you want to talk about, feel free to post it down i'll, take a look at it, but i mean i think, it's pretty straightforward. For meme stocks, you follow amc when amc breaks out those are going to break out. Amc is on resistance.

Everything should probably pull back right. It's, i think i think it's pretty straightforward uh tom markman. You mean gambling also known as high respect. Investing yes, gambling with statistical edge, slash speculative investing.

You are 100 correct, uh the procedure for shorting a stock is instead of clicking buy. You click sell, that's that's literally it and then, when you go to get out, you click buy instead of sell because you sell to get in buy to get out. When you go long, you buy to get in, sell to get out and that's a little bit. You just have to make sure that whatever stock you're trying to short is shortable, which there's multiple ways of figuring that out, it's usually a little bit different broker to broker.

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