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DISCLAIMER:
All videos or content posted on this channel regarding stocks, investing, stock trading, money, money, wealth, retirement, or any investment vehicle is entirely for educational purposes only, please do not take any of the information literally, and always speak to a professional/licensed investment specialist for any investment decisions.
Good morning, ladies and gentlemen, everybody boys and girls welcome back good morning cheers so uh this morning, not too shabby. If you guys would see, we have amc up a little higher overnight from when we were looking at it yesterday, uh, but nonetheless um good movement. It pretty much went to our second price target on the day, as opposed to stopping at the first price target. I think 46 60s, i mean yeah.
I went to both of our price targets. Just never really stopped aggressively at 46.60. Nonetheless, but uh we're going to be covering amc, we'll cover gamestop, i mean we're pretty much going to go over everything. That's important today, so just got to give it a little bit of time if the scanners on youtube aren't working that well, the stream with the scanners aren't working that well, i apologize for whatever reason that computer's having problems streaming now, um, basically the same thing: that's Causing in this computer have issues streaming from time to time is the same thing causing that computer to have issues from streaming time to time, and it doesn't really matter once you fix it.
It works for a couple days and it goes down so not entirely sure what the root causes of all those issues, but uh eventually we'll get to the bottom of it. So if the stream on the other, if the the scanner stream happens to be working slowly, i apologize it shouldn't be that way and give me one. Second, all right, awesome, um, so real quickly looks like this might be of interest hold on one. Second, i'm trying to figure out what the delay is on my other scanner right now, because so far it looks terrible.
That's like 30, 40 50 60 seconds at this point like i could be minutes behind. So anyways was looking at the stock ctso. Clearly not doing not doing anything good, uh yeah, i got a haircut yeah if you ever notice that i'm wearing a hat. That's because i haven't gotten a haircut.
My hair gets a little crazy and then it's just really uncontrollable because i do have pretty for the most part curly hair um. I always mean to keep up on my hair, but that i never do. I just get a little too lazy and then so, but anyways when i'm wearing a hat, that's typically when it's too long and it gets too crazy um. So, but i do also just love to wear hats.
So it's not that i don't like wearing hats. I do but then it's like, if you get your hair cut, there's really no point wearing a hat so anyways whenever i'm wearing a hat. You know that my hair is long and it just has not been cut. It's too crazy to manage, but yeah i'm looking at i'm looking at the stream on youtube for other channel, and i mean there's no way that things like remotely even live at this point, because i yeah i mean there's really no point even having that stream online With how delayed it is at this point, that's really frustrating so anyways.
I'm gon na end that that scanners - that's like the scanner is like that stream is literally two minutes behind, which is just pointless to even have going so yeah we're just gon na, probably end that so give me another second just more problems these days. All right! Sorry guys uh back online here uh, so, let's um, let's move on over to amc really quickly. Grandmaster, look sharp! That's good! I like to hear that grandma thinks i look sharp um, so yeah we're looking at the stock amc we're going to cover this one pretty quickly. I don't think we need to really touch too much on this one. So yesterday the recommended long target was 46 60s and then you would watch the market bearish. We also mentioned it could go up to a price of basically 48.58 but anyways. We were really mainly touching on 46 60s being the target you'll pretty much see it goes to 46.60 and it does pull back at those prices. We eventually get bought up and clear that level.
So once we came up and above and started staying above, that tells me that this is not working as resistance immediately. We still have the opportunity to sell back down and start coming below 46.60, so i'm not really entirely sold. That amc has really like truly broken. Uh, i think it's still going to pull back and right now, it's just a matter of coming back down below the price of 46.96.
I said 46.60, but it's actually 46.96, which is where the pre-market low is so again um pretty much watching the pre-market lowest support. If the market starts to come below, 47-ish 46-90 you'll probably see amc kind of have a little bit of a bearish move slightly to the downside. One sucks i'll come up with my ex-wife. Ah, there's probably a reason: she's your ex-wife and i got ta say i got my hands full already got my hands full, but i appreciate the thought.
I appreciate the thought: uh bbig price action for today. Please let me just make sure to write that down, even though i mean i i know it is of one that has been moving well, it started moving well yesterday. It pretty much went to the support we said and then it just bounced and just never pretty much stopped going. So it was actually a very impressive move yesterday, set it by the stock bbig because again um yeah, i mean it pretty much went slightly below the support we had given yesterday, but then it just just pretty much went straight up.
So it's it was very impressive. How that ended up playing out for the day um so bbig is nice, not bad. I'm just gon na make sure i write down a couple things here and i am going to change this watch list really quickly. So please give me a second.
Let me fix my hair, make sure we look good for the camera. Okay, so we're definitely gon na keep amc and the game stop. Bbig is good to put on there um i mean i kind of want to watch roku, but i already know it's probably not going to do anything so there's really no point of even putting it on there for the so that's pointless. Okay! So again give me a second that watch list will slowly update as we continue through this morning. Gme bull run to 300. Um first got ta get through the mean to even suggest to move to 300, but the next stretch market would be to 300. Yes, blacks pop, yes, hopefully it's a good day i today's wednesday, so my golf league is wednesday, so looking forward to that today, um skills skills - we could talk about. I mean that's, not no.
I mean there's nothing wrong about it, making a great move this morning. So we'll definitely run through that one start with q's and spy, maybe maybe amc mctickler amc mcsizzle. No. I was uh definitely coming on sprt price action.
Today, sprt price action, i would assume - is going to be slow into the downside they're going to hold it up. As long as they can to kill people's options at one end on the short side and to kill people's uh pretty much that just pretty much kill people's options, uh keep people shorting it longer, paying overnight borrow fees and paying intraday shorting fees. So they're going to slowly bring sprt down to pretty much make as much money as they can off the retail and just the investing world. So i think slowing down is probably how sprt is going to unfold.
Hmm yeah all right so we'll uh continue going forward here so looks like some of the main talk points have been skills, lcid, so lcid uh starts from 20 bucks or so goes down to 1666. uh, the av, the aval scanner that we have from boiler room Trading is pretty much you know going through the charts through the roof. It's up! It's down! It's big, let's see! What's the news um lucid group shares down pre-market following the company's pipe lock up, expiration, cool and then hmm interesting, lucid motors, oh man, what a pump and dump yeah? No, i mean, i don't think you do anything with that. Yeah you're down here at the four hour chart, plus one deviation, yeah or negative one, but i mean you just rolled over today.
That's very bearish! This is just not something i i anticipate has a a really good bounce or move off of it. So you probably just stay bearish on this for right now, too, not really bullish for the time being, all right. Next, one on this we'll take a look at bvig, all right, so bbig yeah anyway yeah bbig. We talked about yesterday, yadda yadda, okay, so bbig.
Really the uh, let me think well for one the bounce on bbig that you saw yesterday. Let's just point that out this bounce move on bbig yesterday, that is bullish. Okay, that's a bullish move! There's nothing about that! That's not bullish! That is bullish, all right! Um, for sure i mean it actually kind of reminds me of sprt and to a degree um, it will not trade the exact same as sprt, just probably won't so right now, really it appears. The resistance you just got through might have been at the price of 824 and then you moved up to the four hour level, which no they're they're pretty much the same slightly through yeah um yeah. You want sprt to stay above the price of 822 and then you could see this move long in the immediate. So i do think you watch bb or not sprt. Sorry, i think you watched bbig long um, the main key level to stay above for the time being is 8 30. So as long as we're above 8 30, i don't think you're going to see bbig.
You know swinging into any crazy momentum, downs on the downside. Unless it was after a really big move up, so i think, as long as you stay over about 8 30ish, 8 25 on bbig um, then you're fine, it's only if you're falling through that you should concern yourself and again based on the way it traded. Yesterday. Yesterday was a pretty bullish day on the upside um.
I don't see bbig just rolling over and getting crushed all that much so yeah. I think you stand alongside over the 825s. Ideally what you want to see for right now, that's the key level! For the time being yeah, so the scanners right now are not live this morning, uh pretty much because uh the stream just isn't working. The delay is way too long.
It should not be that long, pretty much. The stream is progressively getting worse and worse and worse to the point where there's no point of me even streaming it, because it is just that bad, so i'm gon na have to sit down and do some research and figure out you know what's going on so Not entirely sure so uh nonetheless we'll figure out what's going on uh, mr montero, you can you can build one out on t ameritrade um price target for vvig. I don't have well. I mean i guess i could look at a longer chart but um.
I don't really have a price target for bvig. I mean okay, here's one. If price actually breaks out, maybe you can look for a move up to 1163, just because that's a previous price that it's hit in the past. But again, once you start trading up to three to four deviations, i usually don't try to give price targets on the upside anymore, because the markets aren't really meant to be up that high, so to speak.
Uh. What do you think about trailing stops? Yeah trailing stops. Are good um if you want to use them? If you use a trailing, stop, it's just really a stop loss and when stock comes down it just sells your position. Okay, it's the same thing as you selling your own position.
Trailing stops will not make you any more money than you would already make by you just making a good investment right if the stock is going to go up five percent and then it's going to fall 25. If you buy it, and you put your stop loss at 10 below the current price, blah blah blah blah right and it goes up 5 and then it falls. Ten percent. You sell you're going to make a loss.
So again, that doesn't do anything for you in terms of winning. It just makes it so that if, in the event the stock starts to fall, then you're gon na sell your position at a certain price so that you don't give back certain amount of gains and you don't acquire a certain amount of loss which yeah. That's. That's good. I mean it's, it's probably more or less something you want to use for swing trading because you just want to give yourself more room. Um, but yeah people love trailing, stop losses um! I don't really use them myself. Um personally never really used one, but anyways yeah. You can use them, there's really nothing wrong about them.
They're great. They have their advantages. They have their disadvantages. Just like everything.
The most important thing is just making sure that when you take an investment, hopefully you're on the right side of it and it's just going up, because if not then you're going to lose money and depending on where you put the stop loss for your trailing, stop Loss i mean yeah, i just i really don't know how to answer that question. I would use it yeah, i'm not one that uses them. So i can't give you strategic on how you go about using it, but all it really is is just a stop loss that follows your price um, so that when you're not watching it um and the thing crashes, you would essentially sell your position, but it also Increases as it goes higher and so on so forth, so more or less something to use for swing trading, most likely uh, no uh yeah. Excuse me, i am uh, not short amc anymore, and i mean it's: it's really, i'm probably going to end up being right.
Anyways, but for me to profit off the shares i started with, it would have to retrace like not for me to profit. I mean yeah pretty much to profit. It would have to retrace all the way back down to here, so not that it can't do that. But it that trade won't make money, even if it falls all the way down to basically where i'm projecting it could go, it would just end up being a break, even trade, so i ended up taking this off, but i'll probably end up being right.
It's probably gon na rolling down and having a bearish day today, so yesterday, just wasn't the day for it to roll over and get bearish. It's probably gon na end up being today, um, but so end up taking it off um for a loss. Obviously, because we started like here so that would have been like break even back down to like 46 45 75. So as even if it falls through the floor, it's just going to go basically back to break.
Even the trade wouldn't make any money. So i i can see that already this morning, so just based on the way the market moved and how everything's structured, even if it rolled over pretty much as hard as it possibly could today, probably would barely go to break even most likely um. No, the pdt rule doesn't really need to be removed. I mean there's multiple ways to trade without pattern: day trading um, you can continuously trade, even if you're under 25 000.
there's a lot of ways to do it and realistically it actually does help traders uh. Most people are going to come to the market and they're going to end up losing money, and most people don't know how to manage their motions right away and they're going to end up over trading and pretty much blowing their account right off rip happens. All the time, so it actually does provide good security for most people um it just doesn't help. You can be extremely active right. So, in your mind, you believe that activeness and being able to move in and out of positions frequently will give you the best opportunity of making more money quicker to grow. Your account when, in reality, you starting off with that amount of flexibility, usually runs into you. Just losing a bunch of money and there's data and statistics to show it. Hence why there is that law in place, so it really does actually help you.
You just don't think it does, because it's restricting your freedom of you know functionality on the platform and in your brain. It means more trades more frequently in and out here and there pick and choose and i can make money faster. Okay, so it actually is there for a good purpose, but everyone believes it's really hurting them, because it's it's not allowing them to do what they want to do. But there are a lot of ways you can trade, um or yeah.
I mean avoid the pattern day. Trading restriction, um yeah, there's plenty of ways to do that without having an account over 25 000. That's what i was trying to say. I kept getting tongue tied, um, yeah, typically you're supposed to have a one minute delay on trade ideas, but uh everyone stopped doing.
One minute delays - and there was no point in me doing one minute delays and i stopped doing one minute delay and then i talked to trade ideas and like yeah. Well, we can't stop anybody from doing one of the late. So i guess it's fine. Just don't do it um so yeah.
There was that but yeah i mean anyways um mmm smash s prt at the park out in the poor 50s i mean yeah. I definitely would not be opposed to having you know, sitting down having a coffee or anything like that hmm bearish day for sprt um yeah i mean i. I expect that sprt overall is pretty much gon na just kind of burn out to the downside. Um there pretty much will almost never be any sales on any of the custom coded scripts on our site.
It's easier for you just to not ask me why, but for the most part those are going to be products on sites that very rarely will go through sale periods, um, no, never really use ishimoku cloud for trading, but i've seen other people use it. I mean i've dabbled with it in the past, but no for the most part, not really um. I want to pop back over take a look at bbig really quickly, so you can see. Bbig is rolling down and through kind of the 828 30s.
This is what we were mentioning you don't want to see happen for long bias, movement in the immediate, so pretty much. The bulls have been backed up right into their red zone and they need to hold this level in the immediate or in a nutshell, um they're. Going to uh maybe pull back them a little bit. So, let's see if, in the event it did pull back down. Where would support be uh? You probably would look your first support to be at about 782 yeah yeah. If this had like a big downswing from where we're currently at it would probably try to go down closer to about 783 uh, i have played fox hills when i was a kid, but not recently as i've gotten older lights. Okay, sorry guys there's just a lot to cover. Oh, if i'm not gon na, have the stream and i kinda got ta, see um so pbts, not really a big fan of uh we're gon na hop over to skills here in just a second uh yeah.
Let's pop on over to uh skills, so this is something that i haven't read in the news on now. This is something that i want to do. Some more research on is skills stock. The next short play um so back in january, so that would have been um yeah yesterday was a big volume beat day, so i mean yeah.
This is something you watch optimistically on the long side, i think there's been a lot of people watching skills. So, yes, i think it is something that you should be watching on the long side of it today there is no bullish, diverge, no bullish, yes, no bullish, divergence off the bottom, so this is simply so far. Just kind of a bottom reverse squeeze pop um. So yeah definitely worth watching.
Let's try and get some some targets going on gap there. Someone already filled the gap yeah i mean the next long target up for skills would be to about 1557., so um. I think, there's a lot of optimism on this one. Today.
I think there's a lot of just a lot of talk on it. I think you should watch this long bios today. My max target for the day is going to be 1538 for that stock and then maybe when it gets there, you just expect you know, selling pressure around that area. I mean the amc short worked and didn't work, so it pretty much worked and it worked work.
Didn't work, work didn't work, and that was it so i was right. 46 60s stock move bearish off 4660s, but it wanted to go to the further price target, which was 48 on the day, which was also like yeah. That could very well happen. So just didn't work fully.
Xcla is finally doing something about that. Let's see i kind of bottomed yesterday, a bit i mean yeah, it's trying yeah. This is basically you want to be long for a break through 265. What range would you play a short like that? I don't really know what you mean exactly by that uh ttcf looks a little bullish as it's currently on a move up, you're, basically looking forward to go through 2218 for the time being, but probably pretty close to running into resistance within the next couple weeks.
So i mean yeah came from 16 bounce. All the way back up to 22, i would say anywhere from 2220 to 23.35, is gon na, be your selling slash resistance zone, uh 900 200 100 exponential moving average um. I don't look at the stock and go if it drops it wait. Oh wait: what percent of a drop is the price sequence? So i don't look at like percentage. I mean not necessarily look at percentage drops, but um. I mean, for example, if a stock is only going to move 10 cents, i'm not going to buy it or sell it. If a stock's going to move 20 cents, i'm not going to buy or sell. If a stock has the potential to move 30 cents, then maybe i'd buy it and sell, and that would be on like a day trade penny stock.
If a stock has the potential to move three four dollars, then yeah i'll do it, but but again pretty much. It has to be plus a 30 cents move from even consider wanting to be in in something like that. If it's a larger price stock, it needs to be able to move in dollars so um. I can't really say you tell you the range specifically.
It kind of varies from stock to stock, but again, there's really no point of taking a trade on anything. That's not going to move more than you know: 20. 30 cents. Ideally you get as much leverage as your broker is willing to give you.
But yeah i mean for me it's just: it has to make sense to trade it. So the range has to be of you know if it's a penny stock, the range needs to be a more than 20 cents right. If it's um - and that's not true all the time, sometimes if it's only going to be a 10 cent, move i'll, try it just to try it, but for the most part penny stocks has to be over a 20 projected move. You know the stocks priced at 20, i mean it needs to at least move a dollar.
You know, if it's you know forty dollars, i mean still, it has to at least move a dollar or something like that t always dang. You support the chat and you get ignored every single day. Unless i send a super chat. Wow um, i mean i'm sorry um.
I do apologize sdc question. We will run through it for you, um yeah, downturning stock right at the statistical mean, if it's going to do anything good for you, it's going to happen as the price breaks to the price of five. Sorry, as the stock breaks the price of 576, if it breaks 576, your first target up out of that move is gon na, be six dollars and eighteen cents, hopefully look to fill the gap up to the price of 665, and then you have the uh daily Chart regression mean at 772., so nonetheless, you'll probably see resistance anywhere from 772 going to the price of 612.. Again your breakout's at about 576.
again long-term trend is downtrending, definitely wouldn't be projecting to get the price of the stock over the price of eight dollars uh. It kind of has a bearish or sorry kind of has a bullish divergence on that bottom and uh yep. That's pretty much! It sorry that i did not get to your request or whatnot and again just as an fyi guys, generally speaking um, when i'm going through comments. I look at things that a lot of people are suggesting, or i look at things that i know have been volatile and a lot of times. Tickers that i skip are generally going to be things that off the top of my head, i don't think are going to move or that i haven't seen talked about or in the news or in the media or being talked about recently. So again, a lot of times. That's just me manually, sifting through thinking about, what's probably or what's going to have more momentum than others, which also at times can be very wrong because people mention stock ends up doing really well, and i don't talk about it so again, i do apologize for that. I would encourage anybody to uh try streaming on youtube and answering 3000 questions a minute.
It's um, it's an impressive task to handle, so i would uh encourage you guys to try it at some point but anyways. I do apologize for not getting to your request. I do try, though i do try, hmm abvc um. I did have it up on my screen.
I wasn't really looking at too much oh wow. That is actually having a very impressive move. Okay, so abvc um yeah, you might actually watch abvc for resistance. Like basically now um, i think, there's a good chance.
You'll see it pull back right about now. Now it does have pretty good buying volume um. You can see it's pulling back. So if abvc is going to keep going higher immediately, it's not going to fall below this red line and if it does it's going to go down to this red line, so pretty much price targets probably close to 380 on the pullback here um.
It's really a matter of how high can this thing go? What's the news, adhd treatments, i could probably use some of that all right buy it long buy along um yeah, so they got some good news. I mean something regarding adhd treatment, which i mean i have really no idea how much money or whatever it's going to bring to them, but um yeah. So you see what i was just saying: if you wanted the price of abvc to go up in the immediate, the price cannot close below that red line. You can see it did not close and it stayed above.
So it's basically the market holding it above. You know one of the resistance points um. So if i show you this screen, so this is the long term chart. So if you look at the long term, chart right now on uh abvc, that's what we ran into right.
We just ran into the plus one deviation and on the four hour chart we got over the plus one deviation right. So if we pull this down, let me zoom out on this one just a little bit and maybe like do that and like zoom in a little that looks like now. Doesn't it just always just like that, all right so where's the other chart there? It is so yeah like those two red lines that one and that one so the top red line here is this this yellow trend line and then that bottom red line there is that trend line. So again, we just came up through those long-term trends held above the top one.
So now the market's breaking out to the next pretty much the next level, so the next level up would be a price of um. Well, it would have been this one and this one so let's see yeah, so the market's probably trying to go up to like this red line around 443 now, which is that dotted line there. So we could probably edit this make this like a dotted white line. Okay, so that's most likely where the market's trying to go next um probably have maybe a little hesitation there, all right now that we've hit that level. Next, one up would be here, which is probably a better resistance, any that we've ran into previously. So there's a good chance, you're going to see abbv or abvc pull back right now there it goes um so now, if, in the event you can cross through the 450 resistance, you would then go up to 497. I know this is like a lot of what, if it does this, and does that and i'm trying to give you as detailed as possible right now, i could make this significantly more simplified, but then you're not going to know oh well. Why did it go to 450 and then it had a red candle and then it goes up above and so i'm trying to give you every single detail.
There is so on a day-to-day basis. That's pretty much how the charting goes. I'm just trying to show you it on a one minute, but also seeing how you get it on the long terms, so hopefully that helped so right now, when you look at let's delete like all this stuff on this, we don't need all this stuff. Now we're going to delete all these levels on abvc, so when we look at the screen right, so we look at this, we go like well where this none of this makes sense.
It just went straight up. Why is it pulling back right and then we look at this chart, so this one right now, where we're? Where are we currently stopping on the stock, we're currently stopping at the daily chart? Regression, it's more or less the daily chart, regression, it's safer, just to say we're stopping at the daily chart regression, but at the same time, we're also stopping here at this half deviation price. The prices exist both in those same spots right so now we go back and that's where it is all right and and still the ttm is still on baby blue. It's not dark blue and it looks like we might have just gotten.
A volume beat on the buy side, let's see nope so there's still a red buyer or red cellar beat here, so we don't have a buyer beat yet, but nonetheless, it still kind of looks bullish. Oh excuse me so yeah, that's kind of the whole rundown on abbv, so i do think we could see this higher. It's still worth watching for the day, uh yeah i mean yeah, pretty much. It display fusion pro okay.
What am i calling tickle? The like uh yeah, we do. We do appreciate the tickles on the like button around these parts. Here we do appreciate it all right, so uh gon na take a second well. Actually you don't really need to do that just yet.
So you will see. Abvc is starting to see a little bit of that resistance. There do i have a favorite golfer. I think anybody growing up the like golf favorite golfer was always always tiger, because i mean this is tiger woods. So there's always that um, but i guess nowadays i mean i don't really. I never really had a favorite. Like i mean it was tiger yes, but like even like football, i love football. Just in terms of sport.
I played it a long time like i don't really have a favorite football team. I don't have a favorite basketball team. I do have a favorite college team that is the university of michigan football other than that. I usually don't pick favorites because i just like the game more than i like people who play it.
So you know for me, there are specific guys on the tour that i like that, do specific things, but i don't really have a favorite, no um, but i got ta say uh colin morica was very good. I do like him personally. He just rips irons and so that guy do like, but oh that no there's no real favorites myself um all right give me a second. Do too much disappointment.
That's fine! Uh! It took a lot of years before actually being able to turn some money trading and then mind you. It doesn't take too much to end up losing money again. Even after you learn how to make money, you can very easily get caught in a bad trade. Take too big a size and something that you think is going to work really well, so you know, even once you've developed a strategic way of getting into the markets from there.
It's really managing your own self on a day-to-day basis which again can be very challenging. Um, so i think for the average person it's gon na take a couple years, probably if you're gon na do any sort of oh gosh, i'm sorry yeah. If you're gon na do any sort of intraday momentum, trading, sort of uh thing. It's! It's probably gon na.
Take you a couple years, i would imagine you know i do have. I do want to talk about pltr a little bit here because and if you notice it's been moving up good, but there has just been endless press. I mean endless press releases regarding pltr and everyone's like i'm buying i'm bullish, peel tia, this plta that and i'm just like, there's almost too much news to the point where it's like who's, the one driving the news right. Is it really should you be buying this, or should you be selling some of it? You know, so i don't get caught up too much on the whole.
What, if this, what if that, but there's just been a unique amount of news recently on this stock, and you know the saying, goes, you know whatever the news people are driving, it's probably to attract retail investors, so i'm hoping that it's not a means to attract Retail investors before they slide this back down, i don't know volume says it's a buy. Everything really points to it. To buy. The news says it's a buy, but that's what makes me afraid the fact that the news is saying you should be buying this. That's what makes me more or less nervous now if pltr was meant to continue following this 180 day trend. That means we would basically be getting ready to fall right. So i don't know. I haven't really made my decision yeah almost like too good to be true.
Yeah, i think we talked about skills already. We already went over seal design, making investments in black sky. What the hell is black sky. That sounds cool.
I want to invest in black sky black sky. The black sky was a mysterious young boy who was transported to the united states by hand only to be assassinated by stick. Hmm could possibly be talking about the wrong black sky. I feel for that boy.
That's uh, that's rough, not not what i was looking for. So, let's move forward black sky global monitoring; ah, that's probably the one now isn't it: yes, the board of directors, the big news, black sky huh. This looks interesting, i'm mad to do some more research on that. Okay, all right! Well, now that we've kind of run through some things, i want to go peek at neo um, oh boy, they uh.
They are doing you dirty on neo. That's what's happening, doing the old, dirty magoo, that's unfortunate yeah! I mean i don't even know what to tell you to do. Let's see, maybe it might be back at support, it might not be hold on 3651 would be the support and we are almost there. So we yeah, i mean we pretty much, fell, support yeah.
So again, this would have been support down at 36.50. They dropped it down to 36.88, so they pretty much yanked you back down to support um that doesn't really look good. I can't say you want to be bullish anymore sure there might be a slight little hesitation dip by around 36.50, but i can't really see you want to be really bullish that, especially since the first day that it cracked down now yesterday, i really liked the fact That we ended up clearing above that trend and then holding above uh, but, as you can see, the markets had something else in store for us. Um there's got to be some sort of news that drove this down.
To so looks like they cut their delivery outlook from 23, 000. 25. 000 to 22. I mean they dropped their delivery outlook by a little bit uh delivery.
Estimates are q3 due to supply chain uncertainty, uncertainty of chip supplies. I mean all the same stuff that we already know. Um amc broke 46.60. You got plans to shorter you're, just playing it by year of now so yeah.
I think amc i haven't seen for a second, but i was kind of thinking. It was still gon na. Have a bearish move, we'll see it's. It broke above the level that we were bearish at yesterday, ish kind of uh, and now it's maintaining it.
So it's really not gon na you're, not gon na make much money on a short play today with uh amc unless it successfully breaks 46.95 46.95. Is the current support for the day um so that that's really it you're watching for a move below 46.90 to be bearish on the day with amc, um taylor? I do appreciate you yeah, so it's really just. I think markets need to stay above 46.96 for markets to keep moving bullish in the immediate, and that's really that that's really the price you want to see the markets maintain on amc. I'm hoping this thing keeps going up. Um levels will probably change a little bit when the market opens. I don't think they're going to change all that much uh. The pre-market resistance is a true resistance, so 48 47 should be watched as a slight resistance for the day and support being 46.97 um. Again, i see i personally was going to see i kind of thought amc was going to go down.
I really did i thought. Amc was gon na try to pull back below 46.89, so i'm gon na stick to that one. For now at least, i think markets are gon na try to swing amc below 46.89 myself. I don't think they're gon na try to break it out right away, we'll see um.
I have a total of six monitors on the screen or on this computer. I have six yeah yep. Actually i could probably could literally take a picture of it watch. I showed you sometimes it feels like too many, then sometimes it still feels like too little.
So that's almost good. Let's go from this angle like that. Oh, did i move my camera too? No, that's good, and then i will so. That is what my monitor setup looks like very it's close or yeah.
I mean you can almost see all of it, but uh that's pretty much. What it looks like in a nutshell, yeah yep there she blows uh. So again, live scanner is going to be down today because well, it's just not working good enough. So that's pretty much it.
For some reason. Um just doesn't want to work properly so yeah again when you uh, when you see me wiggling my head around, you know, there's a lot of things that i could be looking at so yeah and then, along with the uh and then along with the chat. Of course, so yeah there's there's definitely definitely some things we're paying attention to all right. So i want to take some time just kind of pop into here to weeble um.
So today the accounts are actually doing very well up. 120 20 bucks on the day counts at 32, 697., so it'd be cool to cross the 33 000 mark. That would be a next little milestone, um. So, overall that account's doing pretty solid uh most of the things we own are still doing pretty good.
The only thing that, like i said before, um is really holding us down, is just a couple of these uh cryptos that i own for the most part, um dash uh, ethereum cash, litecoin, and so on. So just a couple open things that are really. You could argue, maybe dragging some of that p l down but uh overall, not bad um. Pretty steady growth, uh biggest gainers here for me - are going to be iemg, schb and schf.
So pretty much the three etfs the direct indexing etfs that invest into emerging markets. Uh broad-based markets in the united states and international equities markets. Those are the three uh best performers um, which also are the ones that have the most money in them. So that also makes sense uh, but nonetheless um so far account doing. Okay, not bad. Just like i said it should be a slower steadier, grinding um earning portfolio so nonetheless seems to be doing uh. Okay, now later today, uh, hopefully you guys are interested in this topic later today, i'm going to be posting a video regarding dividends, um, like a dividend. Watch list and or you can use it, it doesn't necessarily have to be a watch list, but it could also just be what you use for dividend growing, but today should be a video uh regarding dividend, yield, dividend portfolio, slash dividend, watch list, so hopefully you guys Are some i'll be interested in that when, in what amount did you start with that, weeble account? Actually, this weeble account probably started with like zero.
I was just kidding, but no, i really only start with a couple hundred bucks and then i ended up adding 30.. Pretty much the value you see here is what i put in. I didn't start this with a thousand and grow to 32 000.. I didn't start this for 15 to go to 32..
No, this account had just a couple hundred bucks in it, and then i wanted to do a portfolio on youtube, just using weibull sort of a lower risk portfolio. Anybody could follow, along with throughout our streams and pretty much just in general, ask questions about so pretty much. Most of the money you see in there is what the account was started with, and this will slowly be continuously added to dollar cost averaging and investing on a pretty much a monthly basis. So this account should pretty much just go up mainly.
I hope that would be good, uh bbig. Let me pop back over there. I haven't seen it for a little bit uh so again, you'll see bbig got weakness through the levels we said it would have to hold, and you can see it's starting to go down to the next level. We said it would go down to which is 780.
So, just nothing to really do with bbig. For the time being, yes, pipe lockup expired on lcid. Now i don't actually know what the whole pipe thing portion of. It is that's kind of a new word for me um.
What screen what we will see? Um thomas, if you're asking what weeble screen that was, it was the account it was under your account and that's just a profit and loss. Like page, i guess you could say wow lcid down to uh 15., also again, why i said not to uh russian to try and belong that as well um yeah, i don't want to uh yeah. I don't think lcid is something we're gon na be watching for a rebound. Of course it can have a bounce sure, but uh you're not really something too crazy about i'm gon na pop here to spy and we're gon na.
Take a look at uh, the nasdaq qqq, because why not um so really the only question we should be asking ourselves at this point with the spy is: is it going to continue ripping, or is it going to start to pull back? That's all that we're pretty much watching for now, and i would say it's better to probably consider the spy is going to be pulling back next, as opposed to advancing significantly again um. If we look at the way the market has been trading, dip up, grind dip up, grind dip up, grind dip up, grind dip. So at this moment in time, you pretty much just watch for the markets to continue grinding up ever so a little bit day by day until we go through our next dip. When we go through, our next dip, just make sure to tune in to our live stream, and then we'll give you the dip price at which it's probably going to bounce, as we did on this day. The last time we recommended you watch the markets. Long was here long here and long there so and then the target for the the nasdaq on one day was up to here, which i didn't actually think was going to happen. So i got kind of lucky the fact that it went there on that day that i called that, but but i didn't really call it, i'm like it could go and it thinks anyway. So, yes uh.
I think you just pretty much watch the markets slightly sideways and up for now, anticipating that we're gon na go through a doubt. So i don't really think these are fantastic areas to be adding long to the markets. I think they're a good time to be just kind of sitting and if i may um what i want to actually talk about really quickly, this iemg schpschf, okay, look at those top three ones. I have here iemgschb schf.
Let's look at these and i'll show you where i added to these iemg, so the ad for um for iemg, when i added that it was here, maybe on this day or that day, but somewhere in there right. So the ad for iemg was in that debt, which was pretty much the same, almost the same time that the market was going through its dip, so there might have been some correlation there. But again, if you look at the long-term chart, the ad was right off a standard deviation level in that zone, uh the one-year chart was below the the the negative one deviation almost at negative two, so just in terms of trend, it was pretty low all right. If we look at schf uh now, schf, i think, was added as chf.
It's been a couple weeks, it was probably in this dip or it had to be that dip. I think we're added into this dip, but you can see this one was, for the most part, sort of sideways in a slight dip, um kind of towards the negative one deviation and then s-c-h-b s-c-h-b. When we added to this one again, this one was just in that little dip with the market, so it's kind of ironic kind of got lucky that the markets happened to pull back just a little bit. Basically, about the same time, i started to count because some of those things started to go on sale.
So a lot of those etfs that we have and we picked up, which are tracking the markets were added during you know one of those dip phases. So you know probably the next time i intend to use a little bit of the cash within this account, which is how much cash do i have? Oh, i don't know if it shows on this, like that account here we go so next time. We plan to use some cash where's, the cash they don't stay on this one either that's dumb, it doesn't really matter, but next time we plan to do some. Cash is probably when the markets go through a dip, so we're gon na break 600 a day baby. We don't break 600 today. What are those lines? Those are standard deviations, how's apple, how many computers running six. Thank you. Uh one computer running six monitors.
What is your take on the fed uh my take on the fed? Is they have trillions and trillions of dollars and they print trillions and trillions of dollars and they inflate our market? They devalue your dollar and when they stop buying bonds and when they stop purchasing assets within the market. That's when the markets are really going to struggle. The markets know this: that's why the markets perform really well, when the fed says they're they're, not tapering, blah blah blah and that's why, if they start to taper, it's going to do really bad because everybody's pretty much just watching the biggest buyer in the market. So when the biggest buyer in the market stops buying, they start selling.
What would you do with the market another way of putting it is if you look at where we started in 08, and you look at where we are now, and you look at what quantitative easing can do when you do it for, let's just say 15 years At this point, 13 years you can see how the markets went on a massive bull run from 08 to where we're currently at now. A lot of that was accommodated by fiscal policy and quantitative easing. So we've seen what you know: 8 nine trillion dollars in quantitative. Easing can do over 13 years.
So, let's see what reducing quantitative easing by you know, five billion dollars can do over the next couple years. Right i mean if the story is true, which i believe it is and i'm sure many others do. But again, if the story is true that the reason the markets have exceeded, um and grown exceptionally has a lot to do with fiscal policy and quantitative easing, which has been the fed purchasing assets and buying bonds and overnight repos. If the story is true that that's a big portion of why we have excelled in this market, this market has excelled.
Exceptionally, then it doesn't take much more than a monkey holding a wrench to figure out. What's going to happen, if we go through a couple year, phase where we do the opposite of quantitative easing, let's just call it quantitative reduction or tapering. So again, if the story is true in quantitative, easing and bond purchase of the bible has rocked this market. So high, then, i could only imagine what four or five years of reducing that is going to do to the markets. So unless there's somebody out there, that is going to tell me otherwise or has evidence or whatever that suggests that quantitative easing was not the reason that the markets went up so high. Then i think at that point we could actually have the discussion. That would argue whether and whether or not tapering is even going to have a negative effect on the market. So until someone can actually suggest that quantitative easing did not have any sort of help to the market going up, then we know tapering is going to have a very negative effect on the market.
So i would encourage most people to not listen too much to any news that tries to tell you that tapering will not have a negative effect or that right now is the best time ever to invest in the stock market or that um. You should not be fearful of tapering, i think any news related to that is um a disguise. It's the magician trying to trick is audience and i believe you should be um more mindful of that and and so on so forth. So i wouldn't trust any news that tries to suggest tapering it's going to be good for the market or it's not good blah blah blah.
I i really wouldn't trust that or any news articles are saying that was the best time ever to buy stocks. I wouldn't trust any of that news at all. No, i have it, but let's uh, you know, let's take a peek. Why not? Let me pull it up? Okay, so let me get it up a little better um here you go so this is oh sorry.
This is a chart of the overnight repurchase agreement: treasury securities sold by the federal reserve and temporary open market operations um. So pretty much in a nutshell. This is this: is your government and what we're talking about an overnight repos, and so that's still going up. As of uh monday august 30 or tuesday august 31st, it was at all-time highs, yeah.
So again, there's a lot of data and things that we can track. I haven't really had too much videos on that, but you know maybe i'll make some here in the near term future, but nonetheless um that's yeah, all-time highs. Um powell mentioned tapering, but no rate raise um, so yeah. I don't want to go too far in this, but most of the news, articles and everything you've probably been reading over the past couple of months, not even the past couple months, but maybe even a year or so too has been regarding inflation and his inflation here To say: is it transitory this that this that um, so mostly what you've been hearing in the news has been regarding inflation as opposed to tapering? Not the tapering hasn't been mentioned, not that it's not being talked about, but from the most part of the mainstream network.
That's engrained into the sheep brain is inflation. Now that's engraved into my brain, i'm a sheep you're, a she i mean, i'm just saying the audience right. Most people have probably read more of inflation talk recently as opposed to tapering. You know more people know of inflation than they know of what tapering is right. Someone who says tapering probably, is like. Why are you talking about tapeworms right? If you talk about inflation like oh yeah, the price of things are going up, so just the average person in the world knows the word and term inflation, probably more so than tapering. So psychologically speaking, there is a stronger attach to the word, inflation and the articles regarding inflation. Therefore, an individual that has direct control over inflation treads very lightly when he talks regarding inflation and rates okay.
So i think it's just the fact that we've been discussing so much about interest rates and inflation recently that that is a area of discussion that has to be treaded very lightly by the person who has control over inflation and rates. And everybody knows that, with all the articles going around, what's mr powell going to do, he can't raise rates, he can't lower rates. I mean he really is in the position that we've all been saying he was going to be in and is in so everyone's watching. What are you going to do? What are you going to do? What are you going to do right? Because every 16 trillion articles you read is well he's gon na have to raise rates in order to prevent more inflation.
Okay, well, and if he raises rates too fast, then things are going to collapse and people don't have the money to cover high interest and so on so forth, which is why he's in a corner? And since this is mainly what everyone's been reading over the past year, that's mainly what they're focused on, which is. Why he's going to try to dance light footed around that topic of discussion so yeah, i think yeah. I think inflation will continue to go up um. I i really do i don't i don't think not.
I think inflation is going to try to continue to creep up unless they do what raise interest rates and, what's going to happen when they raise interest rates, that's going to make it harder for the economy to expand it's going to make it harder for the economy To grow in a time when we supposedly needed to right what are dark pools: ah they're, just um, they're, mysterious black empty spaces that you think exist that a bunch of shady business happens in but in reality, they're just online and internet communication channels, in which big Banks typically are gon na send through massive orders on stock and transacting, in which you can't see okay, so we're gon na pop this down we're going to get over and back hold on over and out over and out boys over and out really, okay.
Love hanging out! I appreciate all the insight. Can you also discuss how and when you trade and take profit? I am putting myself in trader rehab for a while as I over trade.